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☆ Trump Hush-Money Trial Sees 'Falsified' Documents at Heart of Case
▼ + stars: | 2024-05-06 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +7 min

Those witnesses, longtime Trump Organization employees Jeffrey McConney and Deborah Tarassoff, handled the checks, invoices, and other records that comprise the 34 business records the Manhattan district attorney's office alleges Trump illegally falsified. He was sentenced to five months in jail in 2022 for a Trump Organization felony payroll tax-fraud prosecution, and is now serving another five-month sentence for felony perjury in last year's Trump Organization civil fraud trial. The Trump Organization needed to reimburse Cohen for some money, McConney testified that Weissberg told him. Yet another Trump Organization employee would FedEx the checks to Trump in DC, he testified. In the afternoon, prosecutor Christopher Conroy slogged through more records with Tarasoff, who said she has worked at the Trump Organization for 24 years.

Persons: —, Donald Trump's, Jeffrey McConney, Deborah Tarassoff, Trump, Michael Cohen, Stormy Daniels, Attorney Alvin Bragg, Daniels, Melania Trump, McConney, Cohen, Allen Weisselberg, Weisselberg, Weissberg, Colangelo, Keith Davidson —, Jeffrey McConney's, pic.twitter.com, c2d9IQyKe5, Jacob Shamsian ⚖️, Dear Allen, Christopher Conroy slogged, Tarasoff, Todd Blanche, yawn, Conroy, Tarassoff, he'd Organizations: Service, Prosecutors, Trump, Business, Trump Organization, Attorney, Tahoe, White, FedEx Locations: Donald Trump's Manhattan, Manhattan, Weisselberg, Florida, Trump, New York, DC, Sharpie

☆ Daniel Radcliffe ‘really sad’ about J.K. Rowling’s anti-trans rhetoric
▼ + stars: | 2024-05-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —Don’t look for Daniel Radcliffe and J.K. Rowling to reunite any time soon. Radcliffe found fame as a child actor starring as Harry Potter in the film franchise based on Rowling’s wildly successful book series. In a recently published interview with The Atlantic, Radcliffe talked about Rowling’s past comments that have been perceived by many as anti-trans. Radcliffe released a statement via The Trevor Project shortly after Rowling’s posts in 2020. “Transgender women are women,” he wrote in his statement.

Persons: Daniel Radcliffe, J.K, Rowling, Radcliffe, Harry Potter, ”, menstruate ”, Trevor, ” Radcliffe, Harry Potter ”, Emma Watson, Rupert Grint, “, ” Rowling, Dan, Emma, “ celebs, ” “ Organizations: CNN, Atlantic Locations: British

☆ The Masters: Scottie Scheffler is flying, but will leave tournament ‘at a moment’s notice’ if wife goes into labor
▼ + stars: | 2024-04-12 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —In his current form, it almost feels like nothing can stop Scottie Scheffler from clinching his second Masters crown – yet the world No. Speaking after his historic win, Scheffler dished out special praise to his support system at home in Dallas. Scheffler kisses his wife Meredith after clinching his first major title at Augusta National in 2021. David J. Phillip/APBurns joins Scheffler on baby watchScheffler isn’t the only player on baby alert – so too is friend and this week’s roommate Sam Burns. Phil Mickelson’s caddie Jim Mackay carried a beeper around all 72 holes of the 1999 US Open in case the golfer’s wife Amy went into labor.

Persons: CNN —, Scottie Scheffler, Bryson DeChambeau, Scheffler, ”, Meredith, ” Scheffler, Sara caddied, “, Arnold Palmer, Mike Ehrmann, Xander Schauffele, Rory McIlroy, David J, Phillip, AP Burns, Sam Burns, Burns, Caroline, “ It’s, ” Burns, Jamie Squire, Phil Mickelson’s caddie Jim Mackay, Amy, Mickelson agonizingly, Payne Stewart, Mickelson –, – Organizations: CNN, Augusta National, Arnold Palmer Invitational Locations: Augusta, Dallas

☆ DOJ officials reject Republicans' demands for audio recordings of Biden's classified documents interview
▼ + stars: | 2024-04-08 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Jordan and Comer subpoenaed the tapes after Hur released his report in February. AdvertisementSpecial counsel Robert Hur questioned Biden in October about classified documents found in 2022 at his Deleware home and an office he used after leaving office. AdvertisementBiden's handling of classified documents is unlikely to be a major campaign pillar for Republicans and GOP frontrunner former President Donald Trump in the coming election, Schmidt predicted. "That's why Republicans think it's so important they get ahold of these tapes," Schmidt said.

Persons: —, Joe Biden's, Carlos Uriarte, Jim Jordan of, James Comer of, Comer, Hur, Uriarte, Matthew Schmidt, Robert Hur, Biden, zeroed, Schmidt, Donald Trump, Merrick Garland Organizations: Service, Justice, DOJ, Jordan, Business, University of New, Republicans, Washington Post, CNN, Justice Department, GOP Locations: Jim Jordan of Ohio, James Comer of Kentucky, University of New Haven

☆ A woman started working out in her 20s but didn't get shredded until her 50s. Here's what she wishes she'd known at the start.
▼ + stars: | 2024-03-09 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +12 min

Susan Niebergall worked out for decades but didn't lose fat until she addressed her nutrition. All I knew was that I wasn't eating much, I was hungry, and I had no idea how to maintain it." "I didn't track anything, I just started eating smaller portions. A little while after, Niebergall started to track calories and protein, which helped her learn how much she should be eating. Niebergall doesn't track her food intake anymore, but she's still focused on her performance goals.

Persons: Susan Niebergall, it's, —, Susan Niebergall couldn't, Niebergall, she's, she'd, I'm, Jordan Syatt, Syatt, It's Organizations: Service, Mayo Clinic, Research, Syatt's

☆ How some boomers are overcoming loneliness and finding new friendships in retirement: 'It's been a lifesaver'
▼ + stars: | 2024-03-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +17 min

While loneliness among older adults has been an issue for years, the pandemic exacerbated it across all age groups. Some experts told me that cities could help counter loneliness with policies that bolster senior centers and ensure accessibility to vital resources and that governments should invest more in mitigating loneliness for older adults. That's largely why Lamy felt compelled to organize an easy way for older adults in the community to meet and talk to one another. What we know is that isolation and loneliness among older people tend to lead to pretty serious health complications very quickly. So there is a real reason for us to try to help older people find connection."

Persons: Maria Maki, Maki, Andrea Ellen Reed, Buffalo Community Center Andrea Ellen Reed, I've, Vivek Murthy, Gen Zers, Joe Lamy, Lamy, Jovelle Tamayo, Dianne Stone, winder, he'd, Jan, —, that's, that'll, she'd, There's, they'd, Preeti Malani, who've, Malani, Garey Schmidt, Schmidt, Sedona , Arizona Matt Martian Williams, Matt Martian Williams, Sen, Chris Murphy, Murphy, Rick Grossman, Grossman, Stone, we're, Jeff Keilson, Maura Healey, Keilson, it's, we've, BI Murphy, he's Organizations: Buffalo Community Center, BI, National Council, National Institute of Senior Centers, National, Healthy Aging, University of Michigan, Democratic Locations: Buffalo , Minnesota, Buffalo, Seattle, Las Vegas, New York, Chicago, Sedona , Arizona, Flagstaff, someone's, Sedona, Connecticut, Massachusetts

☆ A student-loan borrower who received debt cancellation a year ago was just told it was a mistake — and now his $93,000 balance is reinstated
▼ + stars: | 2024-03-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Okwara, 36, received a letter from MOHELA in May 2023 confirming his loans were forgiven. But on February 29, MOHELA sent a letter telling him the relief was a mistake, and his balance was reinstated. Okwara made those investments because he no longer had to worry about his student loans — or so he thought. On February 29, he received a letter that confirmed exactly what he feared: the forgiveness was a mistake, and his $93,000 balance had been reinstated in full. Did you get a notice that your student loans were reinstated after receiving forgiveness?

Persons: MOHELA, —, Okwara —, Okwara Organizations: Service, Business, PSLF, Public, BI, An Education Department, Education Department Locations: MOHELA

☆ 3 top Democratic lawmakers are calling for an investigation into a major student-loan company, accusing it of 'loan forgiveness mismanagement' for millions of borrowers
▼ + stars: | 2024-02-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewThree top Democratic lawmakers want federal and state officials to investigate a major student-loan company. AdvertisementThey called on the CFPB and attorneys general to "investigate MOHELA and pursue action to the fullest extent possible under the law. We’re standing with @theSBPC and @AFTunion in expressing outrage at MOHELA’s student loan mismanagement. Since student-loan payments resumed in October after an over three-year pause, federal servicers have been under scrutiny over their handling of the return to repayment. AdvertisementIn January, the Education Department withheld varying amounts of pay from the other three federal servicers for the same reason.

Persons: —, Chuck Schumer, Elizabeth Warren, Bernie Sanders, MOHELA, they're, Biden, — Chuck Schumer, Warren Organizations: Service, Democratic, Consumer Financial Protection Bureau, Business, Protection, American Federation of Teachers, Sunshine Law, AGs, Education Department Locations: Sens, Missouri

☆ 'It's our job to make food sustainable and affordable,' Ahold Delhaize CEO says
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'It's our job to make food sustainable and affordable,' Ahold Delhaize CEO saysAhold Delhaize CEO Frans Muller reviews the company's earnings, as food and wage inflation remain top challenges.

Persons: Ahold, Frans Muller

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

☆ Why this self-made millionaire never touches her debit card—it's 'in a drawer'
▼ + stars: | 2024-02-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

She makes sure to pay her credit card bills in full and on time each month to avoid costly interest charges. She racks up rewardsOne of Dunlap's favorite perks of only using credit cards for payment is rewards points. It boosts her credit scoreConsistently using your credit card and paying off your bills on time can help boost your credit score, Dunlap says. Since your payment history accounts for 35% of how your credit score is calculated, making on-time payments "benefits your credit score more than any other single factor," according to Experian. How to decide if only using credit cards may work for you

Persons: Tori Dunlap's, Dunlap Organizations: New York Times, CNBC Locations: Seattle, Paris

☆ Lion attacks: How to stay safe on safaris in Africa
▼ + stars: | 2024-01-25 | by ( Forrest Brown | ) edition.cnn.com time to read: +17 min

It was July of 2022, and the co-founder of Discover Africa Safaris was out in the bush near the Khwai River in northern Botswana. African lions are fully capable of attacking, killing and even eating humans, and it’s generally estimated about 250 people a year die in lion attacks. WLDavies/E+/Getty ImagesOnly about 23,000 lions remain in sub-Saharan Africa, found mostly in Eastern and Southern Africa, Muruthi said. Before your trip, It's important to study up on safety tips -- such as remaining inside your safari vehicle when lions and other wild animals approach. Secondly, fleeing indicates to the lion you’re frightened and now possible prey, turning what might have initially been a mock charge to test you into a real attack.

Persons: Steve Conradie, Discover Africa Safaris, — “, ‘, ” Conradie, “, ”, ’ Steven Conradie, …, Conradie, Philip Muruthi, He’s, Muruthi, Masai, ’, ” Muruthi, Paul A, Andre Van Kets, Van Kets, Martin Harvey, It’s, you’re, don’t, they'll, Robert Muckley, There’s, Anup Shah, ” Van Kets, I’d, — Organizations: CNN, Discover, Lion Recovery, African Wildlife Foundation, Masai Mara, Reserve, East, ” Lions, International Union for, Nature, Sacramento Zoo, PLOS, Africa Tourists, Bank, Kenya Geographic, San Diego Zoo Wildlife Alliance, Lions, … Locations: Discover Africa, Botswana, South Africa, Africa, Zimbabwe, Hwange, Kenya, Saharan Africa, Eastern, Southern Africa, Tanzania, East Africa, California, Namibia

☆ I rolled over my 401(k) because I thought it was the smart financial move. Several delays and 5 months later, I regret even starting the process.
▼ + stars: | 2024-01-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +13 min

While my case may have been a little on the extreme side, a financial planner assured me that I'm far from the only person to have struggled with a 401(k) rollover. August 15, 2023: Fidelity cuts two checks — made out to Vanguard, not me (this, I later learn, is key) — and mails them to me. I was supposed to make my rollover checks payable to them. The author attempted to mail the rollover form and checks from Brooklyn, New York. I never want to initiate a 401(k) rollover ever again.

Persons: —, I've, Roth, Vanguard There's, Kathleen Elkins, Brent Weiss, that's, Ascensus, Weiss, wasn't, it's Organizations: Business, Fidelity, Vanguard, Neat, UPS, Trust, Facility, IRS Locations: Los Angeles, New York City, Brooklyn , New York, Brooklyn Heights, North Carolina, Charlotte, New York

Several callers reached out to 911 throughout the morning asking for wellness checks for relatives or friends they couldn’t reach. Political Cartoons View All 253 ImagesAnother caller at about 9:45 a.m. called to report that his wife was missing. In one case, a 911 caller reported that a family missing their 15-year-old son had been “ignored.”The operator answers were the same each time. Emergency responders weren’t able to help find missing people because they were still trying to get everyone to safety, still working hotspots and responding to fires. In one case, a 911 caller reported seeing flames and hotspots on their property and trying to put them out with a garden hose that was rapidly losing pressure.

Persons: didn't, —, “, ”, “ I’m, We’re, “ She's, “ I'm, ___ Boone, Lauer, Whitehurst, Corey Williams, Audrey McAvoy Organizations: Maui Police Department, Cell, Authorities, Associated Press Locations: Maui, Lahaina, Maui County, Kula, Kihei, Upcountry, ___, Boise , Idaho, Philadelphia, Washington, Detroit, Honolulu , Hawaii

☆ Late Night Chides Donald Trump for a Lack of Self-Control
▼ + stars: | 2024-01-19 | by ( Trish Bendix | ) www.nytimes.com time to read: 1 min

Welcome to Best of Late Night, a rundown of the previous night’s highlights that lets you sleep — and lets us get paid to watch comedy. Here are the 50 best movies on Netflix right now. Get Ahold of YourselfA judge threatened to remove Donald Trump from court on Wednesday after he could be heard muttering disparaging comments during E. Jean Carroll’s second defamation suit against the former president. “A judge actually had to tell a former president of the United States, ‘You can’t control yourself,’” Seth Meyers said on Thursday. “He can’t even control an umbrella.”

Persons: Donald Trump, Jean Carroll’s, “, ’ ” Seth Meyers Organizations: Netflix Locations: United States

☆ We are 2 brothers who left corporate jobs to start our own sneaker company. Here's how we found our niche in a market dominated by big brands.
▼ + stars: | 2024-01-15 | by ( Katie Balevic | ) www.businessinsider.com time to read: +6 min

They create skateboarding and lifestyle shoes and hope to leave the company to their kids someday. The brothers, ages 50 and 41, respectively, have nearly 50 years of experience in the footwear industry between them, working at Vans, Converse, Supra Footwear, and Quiksilver, among others. AdvertisementBrandon: I had always drawn as a kid, but I didn't really take it seriously. Brandon: Of course, it'd be awesome to be a $200 million company, but do we need to grow it that big? Or do we need to grow it big enough to be a legacy company where eventually our kids work here with us?

Persons: Brandon, Josh Brubaker, —, Clearweather, There's, We're, Josh, Nobody, It's Organizations: Footwear, Service, Clearweather Footwear, Vans, Converse, Supra Footwear, Nike, Adidas Locations: California, Quiksilver

☆ My business partner ended our relationship via email and outlined everything wrong with me. She still wanted to be friends.
▼ + stars: | 2024-01-14 | by ( Bethaney Phillips | ) www.businessinsider.com time to read: +5 min

After working together for four years, my business partner sent an email ending our relationship. AdvertisementIn 2014, I got an email from my business partner; it was a notification that we would no longer be working together. My business partner and I were close friends when we started the company in 2010. Because the client and my former business partner were friends, the client shared the dirt. Somehow, she still wanted to be friendsThis business breakup only pertained to the professional part of our relationship.

Persons: —, I'm Organizations: Service

☆ Getting hot new weight-loss drugs like Wegovy will still be a struggle in 2024
▼ + stars: | 2024-01-04 | by ( ) www.businessinsider.com time to read: +11 min

AdvertisementIf you were hoping that powerhouse weight-loss drugs like Wegovy would be easier to get in 2024, you may be disappointed. Don't expect Medicare coverage any time soonMedicare could play a major role in expanding coverage of weight-loss drugs . Americans' hunger for weight-loss drugs, and the shockwaves it's likely to send through the culture and economy, are only just beginning. He oversees the state employee health plan, which saw costs skyrocket as thousands of workers suddenly started taking weight-loss drugs. People who are already getting weight-loss drugs will be able to keep taking them.

Persons: —, Renee Rayburg, Mercer, Eli Lilly's, Jose Luis Pelaez, there's, Wegovy, Bill Coyle, ZS, Eli Lilly, David Risinger, Lilly, Risinger, Morgan Stanley, Mounjaro, They're, That's, Patrik Jonsson, Lilly USA, Coyle, Dale Folwell, Folwell Organizations: Service, Pharmaceutical, Group, Novo Nordisk's Wegovy, Mayo Clinic, University of Texas, Hennepin Healthcare, Medicare, Capital Alpha Partners, Vanderbilt University, Nordisk's Wegovy, Novo Nordisk, pharma, Nordisk's, FDA, Pharma, UBS BioPharma Conference, Walmart, Jefferies, Nordisk Locations: Mounjaro, Government, Minnesota, Minneapolis, Hennepin, ZS, U.S, Carolina, North Carolina

☆ U.S. crude oil fell into a bear market this week and could head lower as China 'haunts the market'
▼ + stars: | 2023-11-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

U.S. crude oil prices entered a bear market this week, down 22% from September highs as traders wrangle over whether the spiral is driven by market fundamentals or just speculation. Phil Flynn, an oil market analyst with the Price Futures Group, said hedge funds have piled into short positions. There is still some "grind lower" in prices in store unless more positive data comes out of China, he said. If prices keep falling, the U.S. will slip from record production because shale producers will have trouble making money and stop investing, he said. The group has blamed speculators for the recent selloff and insisted market fundamentals are strong with China demand healthy.

Persons: Leo Mariani, Roth MKM, Phil Flynn, John Kilduff, Flynn, Kilduff, Matt Maley, Miller, Daniel Yergin, Yergin, Brent, — CNBC's Pippa Stevens Organizations: West Texas, Brent, Price Futures, Energy Information Agency, Again, Traders, P Global, Organization of, Petroleum, UBS, OPEC Locations: China, U.S, Canada, Brazil, Guyana, East, Israel, Persian, Hormuz

The assault that forced the evacuation of the hospital and left dozens of homes ablaze was blamed on the Brooklyn gang. Previous attacks in Cite Soleil and other areas have left hundreds of civilians dead as gangs pillage communities, raping and killing people inside their homes. During the recent clashes in the sprawling seaside slum that led up to Wednesday’s attack, gangs could be seen traveling by boat to surprise and kill rival gang members, Ulysse said. Then, after everyone inside the hospital grew quiet, she heard gangs outside arguing whether or not to burn the facility. Those interviewed praised the police and Ulysse, who pleaded for help via social media as the facility came under attack.

Persons: ” Jose Ulysse, Gabriel Jean, Pierre, Ti Gabriel, Ulysse, Iskar, “, Edline Pierre, ”, Marie, Marthe Pierre, Yolande Saint, Philippe, “ Lucky, God, ___ Coto Organizations: PORT, Fontaine Hospital Center, Cite Soleil, Police, Employees, Soleil, Wednesday, Bullets, National Police Locations: Haiti, Haitian, Cite, Port, Pierre, San Juan , Puerto Rico

☆ M&S echoes UK peers on early Christmas demand, Ahold looks to loyalty
▼ + stars: | 2023-11-08 | by ( James Davey | ) www.reuters.com time to read: +3 min

[1/2] A logo of food and clothes' retailer Marks and Spencer (M&S) is seen at a branch in London, Britain March 10, 2022. "We are definitely seeing good sales performance in our Christmas ranges," CEO Stuart Machin told reporters after M&S reported much better-than-expected first half results. BIGGER FAMILY CHRISTMASM&S's Machin said research showed about 20% of its customers wanted to stock up on Christmas food products "slightly earlier" this year, with most of those customers planning for a bigger family Christmas. Still, the retail bosses are hopeful of strong demand for food, drinks and presents from now until the end of December. Reporting by James Davey; Editing by Sarah Young, Kate Holton and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Marks, Spencer, Toby Melville, Ahold, Stuart Machin, S's Machin, I'm, Machin, James Davey, Sarah Young, Kate Holton, Emelia Organizations: REUTERS, Major, British Retail Consortium, Marks, Tesco, Accenture, Deloitte, PwC, Thomson Locations: London, Britain, Europe, United States

☆ Adidas sees Samba shoes driving more interest from retailers
▼ + stars: | 2023-11-08 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

Inventory levels were down 23% year-on-year at 4.85 billion euros ($5.18 billion), a little more than expected, Adidas said. Adidas' gross margin for the quarter was up 0.2 percentage points at 49.3%, helped by reduced freight costs and fewer discounts. "Adidas' competitive position compared to Nike is improving," said Robert Schramm-Fuchs, portfolio manager at Janus Henderson, which holds Adidas shares. "Adidas needs to earn back the shelf space, but I think they have the right product to do it," he said. Adidas' sales in Greater China grew by 5.7% in currency-adjusted terms, a slowdown after growth of 16.4% in the second quarter.

Persons: Tingshu Wang, Bjorn Gulden, Kanye West, Ye, Spezial, Gulden, Robert Schramm, Fuchs, Janus Henderson, Schramm, Adam Cochrane, Miranda Murray, Helen Reid, Maria Sheahan, Sherry Jacob, Phillips, Catherine Evans Organizations: Adidas, REUTERS, Apparel, Nike, Deutsche Bank . Currency, Reuters Graphics, Thomson Locations: Beijing, China, United States, North America, Greater China, Berlin

☆ Instacart says most of its retailers charge more through its app than in stores, confirming what gig workers and shoppers have suspected for years
▼ + stars: | 2023-11-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Just 425 of the 1,400 retailers that sell through Instacart charge the same prices in-store and on the app. Instacart CEO Fidji Simo said Wednesday that the company encourages retailers to stick to in-store prices. Some customers don't realize that the markups even exist, Instacart shoppers have told Insider. Out of the 1,400 retailers who sell through Instacart, 425 offer the same prices through Instacart, Fidji Simo told analysts during the company's first-ever earnings call. Instacart lets retailers decide how much they charge for products for sale through the app, Simo said.

Persons: Fidji Simo, —, Instacart, Simo Organizations: Service Locations: Instacart, Southern California, Oregon

☆ Zalando cuts 2023 sales forecast as demand stays weak
▼ + stars: | 2023-11-02 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020. Zalando now expects 2023 revenue to fall between 0.5% and 3%, having previously guided to a 1% decline at worst. An unusually warm September weighed on sales of autumn and winter clothes, Zalando said, exacerbating the impact of weak consumer sentiment. Gross merchandise volume - a measure of sales on the platform by Zalando and partner brands - fell by 2.4% from a year ago. The company's market value has dropped over the past two years as shoppers, freed from pandemic restrictions, returned to stores and ordered fewer clothes online.

Persons: Clodagh, Zalando, Clément Génelot, Bryan Garnier, Zalando's, Génelot, Gross, Helen Reid, Christian Schmollinger, Sonali Paul Organizations: REUTERS, Thomson Locations: Galway, Ireland, Paris, Germany, Austria, Switzerland

☆ Adidas and Puma eye chances in soccer's fashion moment
▼ + stars: | 2023-11-01 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +5 min

One Premiership team has hired a creative director to expand its apparel offering, while Adidas in September launched an "exclusively off-pitch" apparel collection for some of the big-name teams it sponsors. "The love-in between football and fashion is only just beginning," said Richard Busby, CEO at sponsorship consultancy BDS Sponsorship. In August, Crystal Palace hired Kenny Annan-Jonathan as creative director focused on apparel. "We are experiencing hype around football jerseys and general designs influenced by football culture across streetwear and fashion," said Puma's global creative director Heiko Desens. "There's a risk of tension with existing fans whenever you start moving beyond the core culture," said Athens Kallithea's president and creative director, Ted Philipakos.

Persons: Asanka Brendon Ratnayake, Kim Kardashian, Richard Busby, Mary Earps, Busby, Kardashian, Germain, Mia Regan, Kenny Annan, Jonathan, GlobalData, Heiko Desens, Puma, popstar, cleats, Pele, Rihanna, Graham Renwick, Prada, Ted Philipakos, Philipakos, Helen Reid, Catherine Evans Organizations: Soccer Football, FIFA, England, Soccer, LONDON, Adidas, Puma, Nike, Greek, Athens Kallithea, Paris Saint, Arsenal, Crystal Palace, Premier League club, FOOTBALL, Bayern Munich, Juventus, Manchester United, Real, Liverpool, Newcastle United, Italy's Venezia FC, Athens Kallithea's, Premier League, Bundesliga, Thomson Locations: New Zealand, Spain, Australia, Sydney, Brazilian, Real Madrid, Italian, Athens

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