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☆ India election and economy: Meet the winners of rising power’s boom
▼ + stars: | 2024-05-10 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +14 min

Mumbai, India CNN —As Indians head to the polls in a massive ongoing nationwide election, much attention has focused on the country’s explosive growth under Prime Minister Narendra Modi’s leadership. There is expected to be 740 million active smartphone users in India by 2030, according to EY India. “I wanted to make similar shoes that were printed with ‘Made in India,’” Shah says. After four years of trial and error, Shah Shoes was born. Some 17 years on, Shah Shoes has helped support his family back in Bihar, including six siblings.

Persons: Narendra Modi’s, — Modi, Javed Khatri, Noemi Cassanelli, he’d, Khatri, “, ”, –, ’, Apoorva Mukhija, —, Instagram, Mukhija, ” Mukhija, That’s, she’s, she’d, Jameel Shah, CNN Jameel Shah, Shah, wasn’t, CNN Shah, Kylie Minogue, ” Shah, ‘, ’ ” Shah, Shah Shoes, Priyanka Chopra, Katrina Kaif, He’s, Modi’s Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, EY, World Bank, Facebook Locations: Mumbai, India, “, Bangalore, Silicon, ”, EY India, Dubai, London, California, …, Delhi, Bihar, India’s, Dharavi, Australian

☆ This emerging Nike competitor is set to break out ahead of earnings, according to the charts
▼ + stars: | 2024-05-07 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Has the time arrived for the stock to break free from a range heading into earnings next week? There has been much hype around this emerging Swiss company that grew revenues by 68% in 2022, 46% in 2023, and are expected to grow revenues by more than 25% in 2024 and 2025. Technically speaking ,that range of overhead resistance for On Holding (ONON) is easy to see on the weekly chart below. There was weekly downtrend line resistance originating from the 2022 high that was broken in Q1 '24. On earnings ahead Heading into earnings, I think it's wise to refer back to Q4 of 2023 earnings announced on March 12.

Persons: Shoemaker, I've, CROX, Todd Gordon, Gordon, ONON Organizations: Nike, Air, swiss, Inside Edge, Edge Capita Locations: Swiss, U.S, SKX

☆ Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook
▼ + stars: | 2024-04-16 | by ( April Roach | ) www.cnbc.com time to read: +1 min

Dr. Martens is a brand of footwear known for its yellow stitching and patented air-cushioned soles. The brand was adopted by British punk rockers in the 1970s, but went mainstream during the grunge movement of the 1990s. Shares of Dr. Martens plunged 30% on Tuesday to hit a record low in early deals, after the shoemaker flagged a challenging 2025 outlook on the back of weaker revenues. Trading in the company shares was temporarily suspended on the London Stock Exchange after the firm issued an unscheduled trading update. In a Tuesday note, analysts at RBC flagged a negative sentiment on the stock and said that markets would focus on the 2025 guidance in the short term.

Persons: Martens, Kenny Wilson, Ije Nwokorie Organizations: London Stock Exchange, RBC Locations: British

☆ Sethembile Msezane on creating the iconic image “Chapungu — The Day Rhodes Fell”
▼ + stars: | 2024-03-15 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +8 min

“Chapungu — The Day Rhodes Fell” has since become an iconic photograph, capturing the spirit of the #RhodesMustFall movement which led to the removal of 19th century colonist Cecil Rhodes’ statue at the University of Cape Town. “There is no way I could have conceptualized that moment and the way things unfolded on that day,” said Msezane, speaking to CNN from Cape Town. Artist Sethembile Msezane on a plinth in front of the statue of British colonialist Cecil John Rhodes. While several have now been returned, to this day, it remains at Rhodes’ former home at the Groote Shuur estate in Cape Town, Msezane explained. The statue of British colonialist Cecil John Rhodes was removed from South Africa's Cape Town University on April 9, 2015.

Persons: Sethembile Msezane, Rhodes, ”, Cecil Rhodes ’, Msezane, —, Sethembile, Cecil John Rhodes, Charlie Shoemaker, Zimbabwe —, Chapungu, Cecil Rhodes, ” Msezane, “, Schalk van, Lady Liberty, Rosie Organizations: CNN, University of Cape, Fine Arts, South London, South Africa's Cape Town University, Panzi, Democratic, University of Cape Town, Freedom, Worker’s Locations: University of Cape Town, Cape Town, “, Zimbabwe, Great Zimbabwe, Groote, London, Chile, Poland, United States, Iran, Bangladesh, South Africa's, Kinshasa, Democratic Republic of Congo, Senegal

☆ Stocks making the biggest moves before the bell: Oracle, Kohl's, Coinbase, Southwest and more
▼ + stars: | 2024-03-12 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Oracle posted adjusted earnings per share of $1.41, topping the $1.38 consensus estimate of analysts polled by LSEG. Kohl's — Shares added 2.2% after the retailer reporting an earnings and revenue beat for the fourth quarter. Wells Fargo upgraded the stock to overweight, while raising its price target for shares to $16. Meanwhile, Oppenheimer upgraded its rating to outperform and upped its target price to $12 per share. TD Cowen also raised its price target to $1,560 while keeping its outperform rating, noting its quick increase to incremental bitcoin holdings.

Persons: Asana, Raymond James, Bitdeer, Wells Fargo, Oppenheimer, Canaccord, TD Cowen, —, Sarah Min, Lisa Kailai Han, Michelle Fox Organizations: Oracle, LSEG, Revenue, Southwest Airlines —, Southwest Airlines, Boeing, Technologies, Wall Street Locations: Southwest

☆ Stocks making the biggest moves midday: Southwest, Oracle, 3M, New York Community Bancorp and more
▼ + stars: | 2024-03-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Oracle — The database software stock surged 11% and headed for its best day since December 2021 after posting fiscal third-quarter earnings that topped Wall Street's expectations. Asana — The stock shed about 11% after the work management platform issued weak full-year revenue guidance. Asana said to expect revenue between $716 million and $722 million, less than the forecast of $725 million estimated by analysts polled by LSEG. American is expecting an adjusted loss of 15 cents to 35 cents per share, versus a 22 cent loss expected from analysts polled by FactSet. On lost 0.05 Swiss franc per share, while analysts polled by StreetAccount expected On to earn 0.10.

Persons: Oracle, William Brown, Asana, Microstrategy, Canaccord, TD Cowen, Dan Loeb's, StreetAccount, Archer, Daniels, Samantha Subin, Lisa Han, Alex Harring, Sarah Min Organizations: Southwest Airlines —, Boeing, Southwest, Oracle, L3Harris Technologies, LSEG, Wall Street, Boeing —, New York Times, Max, Alaska Airlines, Acadia Pharmaceuticals, American Airlines —, FactSet, Management, Advance, Swiss, Revenue, Daniels, Midland, Daniels Midland, . New York Community Bancorp Locations: .

☆ Jim Cramer's take on Kohl’s, On Holding, Southwest Airlines, 3M and Paramount Global
▼ + stars: | 2024-03-12 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Kohl's : Shares fell about 2% after the department store chain delivered a fourth-quarter earnings beat, but same-store sales declined more than expected. However, "if you own it, keep it," Jim Cramer suggested, referring to Kohl's stock. On Holding : Shares plunged 14% after the buzzy Swiss shoemaker's quarterly earnings missed estimates alongside a slightly softer-than-expected outlook. Paramount Global : Private equity firm Apollo Global Management has reached out to Paramount Global about a possible takeover or asset purchase, Axios reported Tuesday, citing two sources familiar with the matter. "If you're playing this for upside, you've got to remember we do not believe in mergers if we think the fundamentals are not good, and the fundamentals are not good" at Paramount Global, Cramer said.

Persons: Jim Cramer's, Jim Cramer, Cramer, Tom Kingsbury's, Bill Brown, Mike Roman, Roman, Brown, Axios, you've Organizations: CNBC, Club, Burlington Stores, Swiss, Southwest Airlines, Boeing, L3Harris Technologies, 3M, Paramount Global, Private, Apollo Global Management, CBS

☆ Here are the top small cap picks from UBS if market rally keeps broadening out
▼ + stars: | 2024-03-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Small-cap stocks have had a shaky start in 2024, but UBS thinks the sector is worth looking at as a potential broader market rally could boost the sector. Year to date, the Russell 2000 index of small companies is up 2% while the S & P 500 has gained 6.6%. "We view the expectations around interest rates coming down as incrementally a more supportive backdrop for SMID stocks," UBS analyst Joseph Parkhill wrote in a note last week, referring to small- to mid-cap stocks. With these factors in mind, UBS analysts compiled their list of high conviction, small- and mid-cap names which the bank believes have a unique investment thesis behind them. U.S.-traded shares of Zurich-based On have surged more than 22% in 2023, bringing the past 12 months' rally to 45%.

Persons: Russell, Joseph Parkhill, Roger Federer, Jay Sole, Brody Preston, Preston, WAL, Joshua Chan, There's, — CNBC's Michael Bloom Organizations: UBS, Federal, LSEG, Western Alliance Bancorp Locations: ., Zurich, Phoenix, Aramark, Wall

Birkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand. Adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) rose 12% year-on-year to 81 million euros, with an adjusted EBITDA margin of 26.9%, down from 29.1% a year earlier. "However, in the medium-term, we are confident we will continue to deliver our objectives of a gross profit margin over 60% and an adjusted EBITDA margin in the low thirties percent." Within a few years, its sales nearly doubled and its market cap is now around $9.7 billion, double its 2021 valuation of $4.85 billion. Since going public, Birkenstock has used some of its proceeds to pay down debt.

Persons: Oliver Reichert, Reichert, Armour, Birkenstock, Johann Adam Birkenstock Organizations: LSEG, New York Stock Exchange, Nike, Catterton Locations: North America, Birkenstock

— Alex Harring 6:46 a.m.: HSBC sees Snowflake pulling back after rally Snowflake's good news has already been priced in with a recent rally, according to HSBC. Analyst Sara Russo upped her price target by $26 to $72, now implying a smaller downside of 43%. — Alex Harring 6:05 a.m.: Macquarie moves to sidelines on Sony There's reasons for pause on Sony , Macquarie warned. Still, the analyst noted the "many" risks to the stock price, including valuation and if the ETFs become a competitor to Coinbase itself. The bank initiated coverage of the medical technology stock with a buy rating and a price target of $100 per share.

Persons: Ulta, Oppenheimer, Rupesh, Parikh, Alex Harring, Snowflake, Stephen Bersey, Bersey, Bernstein, Sara Russo, Russo, — Alex Harring, Skechers, Jesalyn Wong, Wong, Macquarie, Damian Thong, Thong, deconsolidation, Colin Isaac, Eastman, Isaac, EBITDA, Piper Sandler, Harsh Kumar, Kumar, Kenneth Worthington, Worthington, Sezgi Oezener, Taha Kass, Oezener, Fred Imbert Organizations: CNBC, JPMorgan, HSBC, GE Healthcare, ISI, Distributors, Sony, Macquarie, U.S, Eastman, Eastman Chemical, Nvidia, GE Healthcare HSBC, General Electric, Learning, Amazon, Science & Technology Locations: Wednesday's, Sony's U.S, premarket, Coinbase

☆ Wilson tennis racket maker Amer Sports opens at $13.40 per share in market debut after pricing IPO at $13
▼ + stars: | 2024-02-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Amer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc'teryx, debuted on the public markets Thursday at $13.40 a share after pricing its IPO at a discount. The offering values Amer at about $6.3 billion, down from a previous valuation of up to $8.7 billion. Amer's decision to discount its IPO came after Federal Reserve Chair Jerome Powell indicated the central bank isn't ready to start cutting rates, casting a pall over market sentiment and the floundering IPO market. Wall Street has been eager to see a resurgence in the IPO market after it grounded nearly to a halt over the past two years, but recent debuts, including from German shoemaker Birkenstock , have been muted and failed to impress.

Persons: Wilson, Amer, Jerome Powell, Birkenstock Organizations: Paragon Sports, Wilson, New York Stock Exchange Locations: Chelsea, New York, Finnish

Under cover of darkness a year ago Friday, someone breached a waist-high fence and slipped into the Central Park Zoo. The break-in happened steps from the shared headquarters of the New York City Parks Department and the Central Park Zoo, in the vicinity of at least one surveillance camera. Since the zoo suspended efforts to re-capture Flaco in February 2023, there has been no public information about the crime. In 2021, another beloved Central Park owl, Barry, was fatally struck by a truck after ingesting a lethal dose of rat poison that may have impaired her flying. He’s also lucky.”Flaco spent his initial months of freedom mostly in Central Park, which is loaded with wildlife, but has lately preferred more urban sections of Manhattan.

Persons: Flaco, hadn't, ”, Jacqueline Emery, “, Max Pulsinelli, Nicole Barrantes, Jerry Vlasak, we’re, Barry, Suzanne Shoemaker, “ He’s, He’s, ” Flaco, David Barrett, Barrett, “ It’s, “ We’re Organizations: Central, Zoo, Fifth, New York City Parks Department, Central Park Zoo, Parks Department, North American Animal Liberation Press Office, Wildlife Conservation Society, Manhattan Locations: York, Maryland, Central Park, Manhattan, North America

☆ Birkenstock spooks with cautious outlook even as its sandals stay on trend
▼ + stars: | 2024-01-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Birkenstock sandals might be as pricey as ever, and the folksy footwear are as popular with shoppers as ever, too. Despite strong sales, the company gave a cautious outlook for 2024, saying it expects “modest headwind to impact margins.”Birkenstock shares dipped nearly 8.5% on the news Thursday. “They have really strong profitability that was really eating them during their IPO and post IPO. “Overall the brand remains healthy with strong sales growth in the fourth quarter and encouraging first-quarter trends so far. “The comfort of these sandals coincided with the casual comfort dressing trend that was already in play pre-pandemic and accelerated through it.

Persons: “, Abigail Gilmartin, Gilmartin, ”, TikTok, Beth Goldstein, Birkenstocks, Birkenstock, ” Goldstein Organizations: New, New York CNN, Bloomberg Intelligence, CNN, “ Locations: New York

☆ How the Red Sea crisis could clobber the global economy
▼ + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.

Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, ”, ” It’s, Abercrombie &, Nathan Howard, “, ” Philip Damas, —, Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, ”, China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey

☆ These are the cheapest stocks with upside in the Dow Industrials to start 2024
▼ + stars: | 2024-01-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Here are the most appealing names right now in the 30-stock Dow average. Forward P/E also lower than its five-year average P/E. Consensus price target calls for at least 5% upside ahead. The consensus price target from Wall Street analysts suggests 17% potential upside in the next 12 months for Chevron. Other stocks on the list of cheap Dow stocks were Cisco Systems , Coca-Cola , Procter & Gamble , Walmart , McDonald's and Visa .

Persons: Dow Organizations: Dow, Nasdaq, Tech, CNBC, Stock, Wall Street, Chevron, Nike, Cisco Systems, Procter, Gamble, Walmart, McDonald's, Visa

☆ Boom Supersonic says it will conduct the first test flight of its ultra-speedy 'baby boom' prototype aircraft later this year
▼ + stars: | 2023-11-26 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Colorado startup Boom Supersonic is developing a faster-than-sound jet called Overture. Boom hopes to conduct its first XB-1 flight by the end of this year. The engines on Boom's XB-1 supersonic test plane. To prepare for its first XB-1 flight, Boom said its test pilots had completed hundreds of hours of flight training in a simulator and a trainer aircraft. AdvertisementA pilot sitting in the cockpit of the Boom Supersonic experimental aircraft.

Persons: —, Blake Scholl, Henry Harteveldt, Boom, Charles, Chuck, Yeager, Doc, Shoemaker Organizations: Service, Federal Aviation Administration, eventual, FAA, Business, Boom's, United Airlines, American Airlines, Electric, Pratt & Whitney, GE, Honeywell, Safran Aircraft, Royce, CFM International, Atmosphere Research, Mojave Air, Space Port Locations: Colorado

When Daniel Skousen scrubs at the ash and soot covering his Maui home, he worries about the smell. Crews have installed air quality monitors throughout town and are spraying a soil sealant to prevent toxic ash from being washed into the ocean or blowing around. The Hawaii Department of Health's Environmental Health Services Division also told Skousen's attorney it had no records about residential testing of contaminants to release. “If it smells like burned plastic or burned electrical cables, then probably those chemicals are in the air and not healthy,” Hertz-Picciotto said. Whether a home can be made safe enough for residency comes down in part to the resident's risk tolerance, Hayes said.

Persons: Daniel Skousen, ”, Bill Hayes, Hayes, Char, ” Hayes, Crews, Kellen Ashford, Shawn Hamamoto, ‘, ’ ”, Edward Neiger, ” Ashford, Andrew Shoemaker, it's, Shoemaker, Dioxins, Skousen, Irva Hertz, Davis, Picciotto, ” Hertz, He’s Organizations: Hawaii Department of Education, Environmental, Agency, Associated Press, Hawaii Department of Health, Hawaii Department of, Environmental Health, Health Department, U.S . Army Corps of Engineers, EPA, Lahaina Civic Center, World Health Organization, University of California, Hertz, Cooperative Institute for Research, Environmental Sciences, University of Colorado Locations: Lahaina, Boulder County , Colorado, Maui, ” State, Skousen, “, University of Colorado Boulder, Boulder

☆ Jim Cramer says buy On Holding shares despite Wall Street's confused reaction to earnings
▼ + stars: | 2023-11-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday suggested investors look past the noise surrounding On Holding's latest quarterly results and pick up shares of the Swiss shoemaker. On Holding's stock price has been on a "wild ride" over the past three sessions as investors digested its financial performance in the third quarter ended Sept. 30, Cramer said. However, he stressed that Wall Street's "confusing reaction" to Tuesday's results will prove misguided over time. Overall, since Monday's close before earnings, On Holding stock has climbed 2% — roughly in line with the S&P 500 over that time. Cramer said sellers may be concerned that some of On Holding's strong third-quarter results were actually pulled in from the fourth quarter.

Persons: CNBC's Jim Cramer, Cramer Locations: Swiss

☆ Birkenstock gets Wall Street's top rating on capacity boost, expansion
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Nov 6 (Reuters) - Wall Street brokerages largely initiated Birkenstock (BIRK.N) with their top ratings, pointing to a likely boost from the German luxury sandal maker's recent investments to increase capacity, expansion into newer styles and brand loyalty. Birkenstock's shares dropped to as low as $35.83 in the days after listing on Oct. 11 and has traded below the IPO price of $46 apiece. Citigroup was among the most bullish, with a price target of $52, a more than 26% jump from the last close. Telsey Advisory Group analysts said Birkenstock has further avenue to expand into footwear categories such as orthopedics and professional, outdoor and active, kids, home, and sneakers. Morgan Stanley assigned a price target of $41 and an "equal-weight" rating, saying most catalysts were already priced in.

Persons: Birkenstock's, Morgan, Goldman Sachs, Jefferies, Birkenstock, Bernard Arnault, Lorraine Hutchinson, Morgan Stanley, Hogan, Riley, Reshma Rockie George, Susan Mathew, Savyata Mishra, Amruta Khandekar, Maju Samuel, Sriraj Organizations: Arm Holdings, Citigroup, Telsey Advisory, U.S ., Global, Thomson Locations: U.S, French, Bengaluru

UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%. Analyst Matthew Hedberg initiated coverage of the data stock at an outperform rating with a $22 target price for shares. Hedberg's price target implies shares could climb 23.9% over the next year from Friday's close. In addition to the downgrade, analyst Jessica Reif Ehrlich slashed her price target on the stock to $9 from $32. Analyst Joshua Spector downgraded the stock to neutral from buy and slashed his price target to $140 from $253.

Persons: Ferrari, Matthew Hedberg, Hedberg, Alex Harring, Jason Bazinet, Bazinet, — Alex Harring, Jefferies, Brent Thill, Thill, Jessica Reif Ehrlich, Reif, Vivek Arya, Arya, Nicholas Campanella, Campanella, " Campanella, Banks, Goldman Sachs, Citi's Paul Lejuez, Baird, Mark Altschwager, Morgan Stanley, Edouard Aubin, Aubin, there's, Henning Cosman, Cosman, Joshua Spector, Spector Organizations: CNBC, UBS, Barclays, Bank of America, Nvidia, RBC, RBC Capital Markets, Citi, Disney, Jefferies, Paramount, Paramount Global, Dominion Energy, Dominion, Wall, JPMorgan, Ferrari, U.S, UBS downgrades Locations: Albemarle, Friday's, China, Birkenstock

☆ Greece opens Maria Callas museum for a glimpse into opera diva's life
▼ + stars: | 2023-10-25 | by ( Renee Maltezou | ) www.reuters.com time to read: +2 min

[1/5] A woman walks in the museum dedicated to the Greek-American opera diva Maria Callas, during a press preview on the eve of its official opening in Athens, Greece October 25, 2023. "Each item contributes in creating a comprehensive image of this astonishing woman," Kostis Bitzanis, the museum's project director told Reuters. "Maria Callas is one of the biggest brand names world-wide, she is a woman who became a legend," he said. Born Maria Anna Sophie Cecilia Kalogeropoulos in New York in December 1923 to Greek parents, Callas was credited with the almost single-handed revival of the Italian bel canto vocal technique. On the second floor of the museum, visitors can listen to parts of Callas' signature performances, including the aria "Casta Diva" from Bellini's opera "Norma”, and hear her teaching at the Julliard School in New York in 1971-1972.

Persons: Maria Callas, Louisa Gouliamaki, Verdi's, Callas, Manolo Blahnik, Maria Anna Sophie Cecilia Kalogeropoulos, Norma ”, Renee Maltezou, Deborah Kyvrikosaios Organizations: REUTERS, Rights, Milan's La Scala, Maria Callas Greek Society, Reuters, Julliard, Thomson Locations: American, Athens, Greece, Milan's La, New York

☆ Don’t Call These Clothes Minimalist. Or Quiet Luxury for That Matter.
▼ + stars: | 2023-10-19 | by ( Marisa Meltzer | ) www.nytimes.com time to read: +1 min

“Quiet luxury, oh God,” Isabel Wilkinson Schor, the designer of Attersee, said with a small sigh. “I don’t consider us a part of that trend at all. It’s been around for a very long time, and it’s equated with minimalism. I don’t see what we are doing as minimalism.”Attersee, which Ms. Wilkinson Schor founded in 2021, is known for the kinds of high quality, strokeable fabrics associated with the trend. The impetus for the line was simply to find everyday clothes that were comfortable and beautiful, not the kind of thing that would be worn only to a big event once a year.

Persons: ” Isabel Wilkinson Schor, Attersee, It’s, it’s, Wilkinson Schor, Mary Janes, Drogheria Locations: cardigan

☆ Our top 5 stocks of October so far as Wall Street rebounds from a September slump
▼ + stars: | 2023-10-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

After a rough September, October has so far been much more kind to stocks and has helped Wall Street cut into some of its third-quarter losses . FL mountain 2023-09-29 Foot Locker's stock performance so far in October. LLY mountain 2023-09-29 Eli Lilly's stock performance so far in October. PANW mountain 2023-09-29 Palo Alto's stock performance so far in October. HUM mountain 2023-09-29 Humana's stock performance so far in October.

Persons: Dow, Locker, Foot, Jim Cramer, Eli Lilly's, Eli Lilly, Jim Cramer's, Jim, Angela Weiss Organizations: Dow Jones, Nasdaq, Nike, Novo Nordisk, Palo Alto Networks, Nvidia, Johnson Controls, Palo Alto, Coterra Energy, Exxon Mobil, Club, Natural Resources, Humana, UnitedHealth, CNBC, New York Stock Exchange, Wall, AFP, Getty Locations: Alto, Israel, U.S, New York City

☆ Birkenstock's stock loses footing in second day on Wall Street
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby Melville/ File Photo Acquire Licensing RightsOct 12 (Reuters) - Shares of Birkenstock (BIRK.N) dropped 6% on Thursday, deepening losses after the German luxury sandal seller stumbled the day before in its Wall Street debut. In its first session on Wall Street on Wednesday, Birkenstock tumbled over 12% from the $46 price set in its initial public offer, raising $1.48 billion. Last trading at about $37.79 on Thursday, the stock has now dropped 18% from its IPO price. The second-day drop in Birkenstock shares was deeper than a broad Wall Street sell-off, with the S&P 500 (.SOX) last down about 1%. Arm on Thursday slumped 5.2% to $51.70, just above its $51 IPO price on Sept. 13, while Instacart was down 1.7% at $24.52, well below its $30 IPO price on Sept. 18.

Persons: Toby Melville, Birkenstock, Instacart, Bernard Arnault, Louis Vuitton Moet Hennessy, Javier Gonzalez Lastra, Noel Randewich, Lance Tupper, Jonathan Oatis Organizations: REUTERS, SOX, Arm Holdings, Thomson Locations: London, Britain, U.S, French, Tema

☆ The Birkenstock brothers are worth $3.4 billion, even after the shoemaker's shares tanked at its IPO
▼ + stars: | 2023-10-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Two heirs of Birkenstock are now worth $3.4 billion after the company's IPO, Bloomberg reported. Birkenstock listed in New York on Wednesday, but shares opened at 11% below their offer price. AdvertisementAdvertisementTwo of the heirs of German sandal maker Birkenstock are now worth a combined $3.4 billion after the company went public, Bloomberg reported. The nearly 250-year-old company listed on the New York Stock Exchange via an IPO, trading under the ticker "BIRK" and pushing up the fortunes of Alex and Christian Birkenstock. The brothers netted more than €3 billion ($3.2 billion) from that transaction, Bloomberg reported.

Persons: Birkenstock, —, Alex, Christian Birkenstock, Christian, Stephan, Karl Birkenstock, Alex Birkenstock, Bernard, Alexandre Arnault, Charles Dolan, Kendall Jenner, Barbie, boomers, Xers, Gen Zers, Greta Gerwig's, Emma Chamberlain Organizations: Bloomberg, Service, New York Stock Exchange, Warner Bros Locations: New York, Germany, Americas, Europe ., Boston, Barbieland

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