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10 things to watch Monday, April 15 The market is trying to rebound from Friday's selloff. UBS starts coverage on SharkNinja with a buy rating and a $76-per-share price target. Mizuho starts coverage on GE Vernova with a buy rating and a $154-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 10 things to watch Monday, April 15The market is trying to rebound from Friday's selloff.
Persons: Goldman Sachs, Jensen Huang, Lockheed Martin, Tommy Hilfiger, Calvin Klein, Guggenheim, Jim Cramer's, Jim Cramer, Jim, Nvidia Lockheed Martin, ServiceNow Organizations: Revenue, Citi, Nvidia, Taiwan, Lockheed, JPMorgan, Cisco Systems, Bank of America, Constellation Brands, Argus, ISI, IBM, UBS, GE Vernova, Jim Cramer's Charitable, CNBC, Goldman Sachs Citi, Nvidia Lockheed, Nvidia Lockheed Martin Cisco Systems Club, Guggenheim, ServiceNow UBS, Mizuho Locations: Israel
Citi upgrades Frontier to buy from neutral Citi said it sees EBITDA growth ahead for the telecom and internet provider. Mizuho initiates GE Vernova as buy Mizuho says it's bullish on shares of the GE spinoff energy company. Citi opens a positive catalyst watch on Nvidia Citi said investors should buy any weakness in the stock. "We are launching [coverage on] on 4 US listed stocks and 5 HK listed stocks: Las Vegas Sands ( LVS, Buy, PT $63); MGM Resorts (MGM, Buy, PT $56); Melco Resorts (MLCO, Buy, PT $10)." Bank of America upgrades Cisco to buy from neutral Bank of America said it sees several growth drivers ahead for Cisco.
Persons: Morgan Stanley, Apple, Logitech, IBM Evercore, it's, Argus, Mizuho, it's bullish, Reddit, UBS downgrades Rollins, Rollins, SharkNinja, Martin, LMT, Needham, Canaccord, Coty, Jefferies, Janus, Stifel, Guggenheim, ServiceNow, Wells, Tommy Hilfiger, Calvin Klein Organizations: Apple, Citi, Frontier, IBM, Argus, Constellation Brands, GE Vernova, Mizuho, GE, Nvidia Citi, Technology, Barclays, Cava, Meta, Astera, Data, JPMorgan, Hilton, UBS, Sands, MGM, HK, MGM Resorts, Melco Resorts, Bank of America, Cisco, of America, Bitdeer, Intel Citi, Intel, Deutsche Bank, Netflix, Deutsche, Coty, MASI, Guggenheim, & $ Locations: Churchill
Insider Today: Nantucket's 'free' homes
  + stars: | 2024-04-06 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +5 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Bridgerton" is back, and if you're like the millions of viewers who tuned in last season, you'll want to hear this. The island is replete with dozens of "free" homes — but there's a catch. AdvertisementSee the full listMore of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.
Persons: , you'll, let's, Tyler Le, it's, Andrew Woodley, Barbie, wouldn't, Mai Tai, Tommy Hilfiger, Stephen Schwarzman, Natalia Agatte, Kendall Jenner, Kaia Gerber, Rebecca Zisser, Max, Mary, George, Julianne Moore, Nicholas Galitzine, Ripley, Andrew Scott, Patricia Highsmith's, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Netflix, Universal, Getty, Blackstone, Young, Air Force, Starz Locations: US, Mexico, Canada, Cleveland, Dallas, Indianapolis, Texas, Maine, Nantucket, Massachusetts, Cape Cod, New York
The Guantánamo Spy Who Wasn’t
  + stars: | 2024-04-04 | by ( Tamara Audi | ) www.nytimes.com   time to read: +1 min
They walked him into an empty bathroom, where they searched his pockets and removed a small Quran that he always carried as an observant Muslim. They told him they had some questions, but they didn’t want to talk in the restroom; he would have to come with them. Al-Halabi told them he was worried about making his flight, but he agreed. He was too embarrassed to look up, but he felt their eyes on him. The agents led him to a waiting car and drove to a small office nearby.
Persons: Halabi, , , Tommy Hilfiger Organizations: Air Force Locations: Jacksonville, Fla
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. GE Aerospace , GE Vernova : General Electric completed its breakup into three publicly traded companies. Its renewable energy and power unit began trading Tuesday as GE Vernova with the stock ticker GEV. The GE Vernova business "turned out to be far better than I thought," Cramer acknowledged. Cramer's CNBC Investing Club has owned shares of GE Healthcare for nearly a year .
Persons: Jim Cramer's, Jim Cramer, Cramer, Humana, Biden, It's, Tesla, Calvin Klein, Tommy Hilfiger Organizations: CNBC, Club, GE Aerospace, GE Vernova, Electric, GE, Boeing, GE Healthcare, UnitedHealth, Ford, PVH Corp, TJX Companies
PVH — Shares of the Calvin Klein and Tommy Hilfiger parent tanked more than 21% on weak revenue guidance for the first quarter and full year. Humana , UnitedHealth — Health insurance managed care stocks declined after the Center for Medicare and Medicaid Services announced rates for the 2025 calendar year will increase 3.7%, as previously proposed. Humana shed 9.6%, while CVS Health tanked 5.3%. GE Aerospace — General Electric shares ticked higher by 0.6% after the company completed spinning off its energy business from its aerospace business. GE Vernova will begin trading on the New York Stock Exchange at market open under the ticker GEV, while General Electric — which becomes GE Aerospace — will keep the GE ticker symbol.
Persons: Calvin Klein, Tommy Hilfiger, Estee Lauder —, Estee Lauder, Blackstone — Blackstone, , Sarah Min, Hakyung Kim, Jesse Pound Organizations: Center, Medicare, Services, CVS, UnitedHealth, Citi, Blackstone, UBS, Trump Media, Technology, Truth, Bank of America, GE Aerospace — General Electric, GE Vernova, New York Stock Exchange, General, GE Aerospace, GE, SLB Locations: Europe
Tesla — Tesla shares sank more than 6% after the electric vehicle maker reported an 8.5% year-over-year decline in deliveries in the first quarter. GE Vernova — Shares jumped more than 3% after GE Vernova started trading on the New York Stock Exchange on Tuesday under the ticker "GEV," following its spinoff from General Electric. Shares of GE Aerospace , which was formerly General Electric and is keeping the "GE" ticker symbol, gained roughly 1%. Figs — Shares of the health-care apparel maker slipped 6.2% following a Bank of America downgrade to underperform from neutral. Horton — The homebuilder's shares slipped 3.7%.
Persons: PVH, Calvin Klein, Tommy Hilfiger, Blackstone, Nextracker, Horton —, Wedbush, Horton, Brent Bowman, Tim Cabral, , Sarah Min, Alex Harring, Samantha Subin Organizations: GE, , GE Vernova, New York Stock Exchange, General Electric, GE Aerospace, SLB, CVS, Health, Medicare, Medicaid Services, CVS Health, UnitedHealth, Endeavor, Silver, Blackstone —, UBS, Barclays, Bank of America, Veeva Locations: Europe, D.R
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Disney: One of the sales we made Monday was in Disney; the other was in Alphabet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, it's, Stanley Black, Decker, Disney's, Nelson Peltz, Jim, It's, Tommy Hilfiger, Calvin Klein, Jim Cramer's, Mickey, Minnie, Ian Langsdon Organizations: CNBC, Disney, Trian, Bank of America, Peltz, Club, Starbucks, Dell, Micron, AMD, PVH Corp, Jim Cramer's Charitable, Paris, Afp, Getty Locations: Disney, Marne, Paris
The annual reading is above the 2% target set by the central bank but is a slight deceleration from the 2.9% annual rate in December and January. Looking ahead to next week, it's all about the macroeconomic updates as the first quarter earnings season is mostly over. ET: ISM Manufacturing PMI After the bell: PVH Corp. (PVH), Canoo (GOEV) Tuesday, April 2 10:00 a.m. ET: ISM Services PMI Before the bell: Acuity Brands (AYI) After the bell: BlackBerry (BB), Levi Strauss (LEVI) Thursday, April 4 8:30 a.m. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Dow, payrolls, Paychex, Calvin Klein, Tommy Hilfiger, Buster's, Levi Strauss, LEVI, Lamb Weston, Jim Cramer's, Jim Cramer, Jim, Eric Thayer Organizations: Dow Jones, Nasdaq, Federal, Cal, Maine Foods, Conagra, PVH Corp, PMI, Maine, Brands, Jim Cramer's Charitable, CNBC, Workers, Grand Central Market, Bloomberg, Getty Locations: U.S, Cal, Los Angeles , California
CNBC's Jim Cramer on Thursday guided investors through next week's Wall Street action, saying to pay attention to new nonfarm payroll data and Walt Disney's annual shareholder meeting, where its long and arduous proxy fight will come to a head. "Keep an eye on the employment report, because everything else that's coming next week pales in comparison — even the no-holds-barred Disney proxy fight." On Monday, Cramer expects decent earnings from PVH , an apparel maker known for brands including Calvin Klein and Tommy Hilfiger. Walt Disney 's annual shareholder meeting will take place on Wednesday, bringing an end to the company's monthslong bitter proxy fight with activist investor Nelson Peltz. On Friday, the U.S. Department of Labor will release the nonfarm payroll report, and Cramer said he's expecting strong figures.
Persons: CNBC's Jim Cramer, we'll, Cramer, Calvin Klein, Tommy Hilfiger, he's, Walt Disney, Nelson Peltz, Levi Strauss, Conagra, Slim Jims, Orville Redenbacher's, Boyardee, haven't Organizations: Walt, Disney, Enterprise Products Partners, U.S . Department of Labor Locations: Paychex
Here are Friday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said it's bullish on Meta adding the Broadcom CEO to its board of directors. Bank of America reiterates Nvidia as buy Bank of America said it's standing by the stock heading into earnings next week but that a pullback is possible. Baird upgrades UPS to outperform from neutral Baird said in its upgrade of UPS that the risk/reward is too attractive to ignore. Bank of America downgrades Dropbox to underperform from buy Bank of America said the "bull thesis has played out" for the data storage company. Bank of America upgrades Cellebrite to buy from neutral Bank of America said it sees business trends stabilizing for the digital intelligence company.
Persons: it's, Hock Tan, NVDA, Goldman Sachs, Goldman, TD Cowen, Grosvenor, KBW, TTD, Baird, Wells, Tommy Hilfiger, Tommy, Raymond James downgrades Carvana, Raymond James, Wayfair, Oppenheimer, Morgan Stanley, Tesla, Guggenheim, SunPower, Jefferies, Eli Lilly, Roku Organizations: Bank of America, Meta, Broadcom, " Bank of America, Nvidia, Informatica, BMO, Trade, Google, U.S, UPS, JPMorgan, Daiwa, CY2025, UBS, Newell Brands, RBC, Nike, of America, Barclays, Netflix, JPMorgan downgrades Bloom Energy, BE, Pharma Locations: CY24, CY2024, Wayfair, U.S
See what celebrities wore to New York Fashion Week
  + stars: | 2024-02-13 | by ( Jacqui Palumbo | ) edition.cnn.com   time to read: +4 min
CNN —New York Fashion Week is back, with celebrities seen sitting front row at shows across Manhattan and Brooklyn and arriving at private parties for luxury houses including Gucci and Yves Saint Laurent. Jamie McCarthy/Getty Images for Christian SirianoJodie Turner-Smith arrives at a private Gucci party. Gilbert Carrasquillo/GC Images/Getty ImagesJessica Chastain at a private Gucci party on Saturday. Dimitrios Kambouris/WireImage/Getty ImagesElliot Page arrives at a private Gucci party. Theo Wargo/Getty Images for NYFW: The ShowsIris Apatow at a private Gucci party on Saturday.
Persons: Gucci, Yves Saint Laurent, Tommy Hilfiger’s, Sofia Richie Grainge, Becky G, Willy Chavarria’s, Sam Smith, Julia Fox, Jessica Chastain, Jodie, Turner Smith, Demi Moore, Elliot Page, Nicola Peltz Beckham, Joe Biden’s, Ashley Biden, Kamala Harris ’, Ella Emhoff, Sophia Bush, J . Smith, Cameron, Philipps, Melanie Lynskey, Alicia Silverstone, Ashlee Simpson, Christian Siriano's, Jamie McCarthy, Christian, Jodie Turner, Smith, Gilbert Carrasquillo, Dascha Polanco, Willy Chavarria's, Roy Rochlin, Debbie Harry, Jason Mendez, Willy Chavarria, Amanda Lepore, Tommy Dorfman, Natasha Lyonne, Annabelle Dexter, Jones, Chanel, Dimitrios Kambouris, Camila Mendes, Ariana Greenblatt, Gilbert Flores, Storm Reid, Jackie Aina, Udo Salters, Cowan, Sarah Desjardins, Christian Cowan, Joel Kim Booster, Anna Wintour, Diane Kruger, Carolina Herrera, Charly Triballeau, Olivia Jade, Noah Beck, Louisa Jacobson, Misty Copeland, Jaimie Alexander, Jason Wu, Molly Ringwald, Helmut Lang, Jed Cullen, Dave Benett, Jeremy O, Harris, Stephanie Hsu, Phillip Lim, Arturo Holmes, Bella Thorne, Theo Wargo, Iris Apatow, Katie Holmes, Ulla Johnson, Manny Carabel, Jemima Kirke, Trullie Organizations: CNN, New York, Central, Brooklyn, Christian, Gucci, Bach, Getty, Harmonie Club, Carolina, Beauty Brooklyn Locations: Manhattan, Brooklyn, AFP, Zsela
CNN —Tommy Hilfiger has set the stage for a new chapter at his eponymous megabrand — and he did so by coming home. Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger Filippo Fior/Tommy Hilfiger In photos: Looks from Tommy Hilfiger's "elevated" Fall-Winter 2024 fashion show Prev NextFrom streetwear to sailing gear to sporty and preppy, often with a frisson of celebrity, it’s this lifestyle-driven approach, which is perhaps less about the fashion than it is the feeling, that is the key to Hilfiger’s modern — and continued — success. Elliot Grainge and Sofia Richie Grainge attend Hilfiger's show. Richie Grainge herself has evolved her stylistic approach from an ostentatious Los Angeleno verve into a look that’s more low-key highbrow. “Sofia is a style icon, and she’s also just an incredible person.”Gigi Hadid and Tommy Hilfiger walk the runway at the Tommy Hilfiger's Fall-Winter 2018 show during Milan Fashion Week on February 25, 2018.
Persons: Tommy Hilfiger, , Hilfiger, , ” Tommy Hilfiger, Robert R, McElroy, à, Filippo Fior, Tommy Hilfiger Filippo Fior, Tommy Hilfiger's, Sofia Richie Grainge, Tommy, Damson Idris, Sonam Kampoor, Noah Beck, Jacob Rott, Chris Appleton, Halima Aden, Jasmine Tookes, Elsa Hosk, Elliot Grainge, Rob Berry, Kelly Rutherford, Lily van der, Blake Lively, Serena, Richie Grainge, ” Hilfiger, , she’ll, Gigi Hadid, she’s, ” Gigi Hadid, Daniele Venturelli, Richie, we’ve, We’ve, Thomas Iannaccone, Corey Tenold, Hilfiger’s, NYFW, ebullience Organizations: CNN, Oyster, Grand Central, New, Hilfiger, HBO, Warner Bros ., verve, Milan, Penske Media, New York Locations: New York, Madison, New York City, , Sofia, “ Sofia, American
NEW YORK (AP) — Tommy Hilfiger threw himself a welcome home party Friday night at Grand Central's Oyster Bar with Questlove as his DJ and Jon Batiste serenading Anna Wintour on his melodica while a bevy of global celebrities looked on. Turning the iconic restaurant into “The Tommy” club for a night, Hilfiger called his New York Fashion Week show “A New York Moment,” rolling out roomy, '90s prep classics for the bash. The last time he hit town for fashion week was in September 2022, when his crowd braved rain for his “Tommy Factory” show at a Brooklyn drive-in theater. As the crowd sipped cocktails in booths, Hilfiger stuck to what he knows on models walking through: rugby shirts, blazers, chinos and varsity jackets in corduroy and herringbone. “We’ve got a very big polo shirt business, chino pant business, Oxford shirt business.
Persons: — Tommy Hilfiger, Questlove, Jon Batiste serenading Anna Wintour, Tommy ”, Hilfiger, Tommy Factory, Nayeon, Junho Lee, Sonam Kapoor, Sofia Richie Grainge, Damson Idris, Sylvester Stallone, , “ We're, Stallone, Batiste, , “ We’ve, chino pant, ” Hilfiger, PVH Organizations: New, Associated Press, Global Locations: Brooklyn, Madison, Germany, France, Italy, England, Turkey, Scandinavia, Greece, U.S, New York, chino, Oxford
The newest variant of "preppy," led mostly by Gen Alpha over the last year, refers to bright clothing, lots of pink, and specific accessories like ribbons, bowties, and Stanley water bottles. The TL:DR history of how preppy has changed over the decadesFor many, "preppy" is closely associated with clothing worn by wealthy people and preparatory school students. Now, the word refers to all things pink and colorful — with yet, another short list of in-vogue brands in association. In a video by the "preppy" Texas boutique @dearhannahprep, three girls described the look as "very girly" and "comfy." Another poster yearned for the 2000s preppy era of argyle sweaters and tailored dresses.
Persons: , Gen Alpha, preppy, Tommy Hilfiger, Uggs, Stanley, couldn't, Stanley knockoff, Alpha, Lily Pulitzer, Gabriela Vasci, @dearhannahprep, @lenidubs, It's, @mmarkroberts Organizations: Service, Business, Abercrombie, Fitch, Alpha, argyle Locations: Hollister, North, Texas, TikTok
CNBC's Jim Cramer on Friday said retail stocks have performed well during the holiday season so far, and the strength of consumer spending in November may have taken retailers and many on Wall Street by surprise. PVH also reported a disappointing quarter that hurt its stock, Cramer said. Ulta Beauty also indicated the holiday season was off to a good start when it reported earnings Thursday night, projecting little hesitation about its performance during Christmas, Cramer said. I think it's not too early to reach a conclusion: we may, once again, be seeing growth without inflation," Cramer said. "That means a business as usual holiday quarter, which, frankly, feels incredibly unusual and very positive."
Persons: CNBC's Jim Cramer, Tommy Hilfiger, Calvin Klein, PVH, Cramer, Friday's Locations: North America, Europe
[1/4] F1 apparel is displayed for sale, as U.S. retailers including PacSun and Abercrombie & Fitch are launching lines of Formula 1-inspired apparel, in Las Vegas, Nevada, U.S., November 15, 2023. Teen clothing chains Abercrombie & Fitch (ANF.N) and PacSun are among the U.S. retail chains seeking to turn Americans' budding love affair with Formula One into sales of F1-inspired clothing lines, building partly on excitement for this weekend's inaugural Las Vegas Grand Prix, the retailers said. At the start of the year, the average ticket price for the three-day race weekend was $1,667 -- more than triple that for some European races, such as the Belgian Grand Prix. Rolex paid $35 million in 2023 for a deal that includes title naming rights at two Grand Prix, according to research firm GlobalData. Ahead of the Vegas race, PacSun is selling a collection that includes a pair of $69 women’s cargo jeans and a $600 men’s leather jacket.
Persons: Mike Blake, Jay Prasad, , Richard Cox, PVH, Tommy Hilfiger, Conrad Wiacek, Red, Max Verstappen, they’re, Williams, Alfa, Katherine Masters, Jonathan Oatis Organizations: Abercrombie, Fitch, REUTERS, Rolex, One, Las Vegas, Prix, Mercedes, AMG Petronas, Miami Grand Prix, Puma, AP Rocky, Monaco, Netflix, ESPN, Red Bull, Alpine, Kappa, McLaren, Alfa Romeo, Thomson Locations: Las Vegas , Nevada, U.S, Belgian, Vegas, Miami, United States, Las Vegas, men’s
Safilo logo and stock graph are seen in this illustration taken, May 1, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsNov 3 (Reuters) - Italian eyewear group Safilo (SFLG.MI) on Friday reported adjusted core profit at 18.1 million euros in the quarter, down 20% year-on-year, due to declining sales in former GrandVision chains in Europe and by weakness in the North American market. The Padua-based firm said net sales for the July to September period were 235 million euros ($252.20 million), compared to 260.4 million a year earlier. Safilo, which makes eyewear for brands such as Hugo Boss and Tommy Hilfiger, also extended Chief Executive Angelo Trocchia's mandate for additional three years. ($1 = 0.9318 euros)Reporting by Romolo Tosiani; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Hugo Boss, Tommy Hilfiger, Angelo Trocchia's, Romolo, David Evans Organizations: REUTERS, Thomson Locations: Europe, Padua
This story is part of CNBC Make It's Ditching the Degree series, where women who have built six-figure careers without a bachelor's degree reveal the secrets of their success. The Brooklyn native knew she wanted to work in fashion from the time she was old enough to speak. In 2007, just a few weeks after Fortune graduated high school, she enrolled in the Art Institute of New York City's associate's degree program as a fashion design major. Now, Fortune is a head footwear designer at Eastman Footwear Group, where she designs shoes for popular brands like Tretorn, Eddie Bauer and Nicole Miller. She started her first job at Eastman in April 2012, and within a year, transitioned to the footwear design team.
Persons: Krystal Fortune, Fortune, Eddie Bauer, Nicole Miller, Tommy Hilfiger, Krystal Fortune Fortune, it'd, Fortune didn't, Eastman, weren't Organizations: CNBC, Brooklyn, Saks, Art Institute of New, Eastman Footwear Group, Craigslist, New York, Art Institute, Eastman Footwear, Eastman Locations: Art Institute of New York, German, New, New York, Skechers
But Mr. Greenspan said that the defense’s evidence would “render the revisionist history which the complainants have provided inaccurate, unreliable and untrustworthy.”He told jurors that Mr. Nygard had waived his right to remain silent to testify in his own defense. At 82, his distinctive flowing hair was white and was pulled back into a large low bun, with a pair of orange tinted glasses sitting on his nose. “By necessity, we had to work to survive,” Mr. Nygard said, recalling his job at a textile factory under difficult conditions where his mother worked as a sewing machine operator. “The only way that you could have this type of success is that you would just outwork the next guy,” he later added. His company, which he founded in 1967, grew to 2,000 employees, competing with the likes of Tommy Hilfiger and Ralph Lauren, he said, popularizing a type of polyester that made him known as the “polyester king” and turned him into a celebrity in the fashion world.
Persons: Greenspan, , Nygard, Nygard’s, Mr, Tommy Hilfiger, Ralph Lauren Locations: Finland, Winnipeg , Manitoba
3M — The conglomerate jumped 5.8% after beating analyst expectations in the quarter and raising its earnings outlook. The company missed consensus estimates from analysts polled by FactSet on both lines in the quarter, while fourth-quarter revenue guidance was also lower than expected. It also raised its full year revenue guidance to $235 million to $238 million, greater than prior guidance of $230 million to $235 million. The Trade Desk — Shares advanced 3.2% after Loop Capital initiated coverage of the advertising technology stock with a buy rating. Criteo — The advertising technology stock traded 4.1% higher after KeyBanc initiated coverage with a buy rating.
Persons: DraftKings, Coinbase, bitcoin, Microstrategy, TrueBlue, FactSet, Hexcel, DA Davidson, Baird, Criteo, KeyBanc, Morgan Stanley, Calvin Klein, Tommy Hilfiger, , Sarah Min, Samantha Subin, Hakyung Kim, Tanaya Macheel Organizations: Spotify —, LSEG, General, General Electric, 3M, Barclays — U.S, Microsoft, Google, Marathon, Apollo Capital, U.S . Securities, Exchange Commission, Monday, Loop, Rio Tinto, Barclays, FMC, JPMorgan Locations: Rio
Here are the biggest calls on Wall Street on Tuesday: Bank of America reiterates Apple as neutral Bank of America said China remains a risk for Apple . UBS downgrades Regions to neutral from buy UBS said the Birmingham, Alabama-based regional bank is going into the "penalty box." DA Davidson upgrades Braze to buy from neutral DA said shares of the cloud-based software company will benefit from "resilient growth." Piper Sandler downgrades Monster to neutral from overweight Piper said in its downgrade of Monster that it had previously been just "wrong." Seaport initiates Amazon, Meta and Alphabet as buy Seaport initiated Amazon , Meta and Alphabet on Tuesday, saying it sees further upside for all three.
Persons: Bernstein, Tesla, underperform Bernstein, Goldman Sachs, Goldman, it's bullish, Ingersoll Rand, Stifel, Davidson, Needham, Moffett, Piper Sandler, Piper, MNST, Redburn, Morgan Stanley, Wells, it's, Baird, KeyBanc, , Tommy Hilfiger, Larsson, Calvin Klein Organizations: Bank of America, Apple, of America, Nvidia, Reuters, AMD, Microsoft, UBS, Regions, Lattice Semiconductor, PSA, Fitness, Retail Media, Barclays, Rio Tinto, FMC Corp, FMC, JPMorgan, PVH, Energy Locations: China, wearables, Birmingham , Alabama, Rio
From Palm Beach to Miami Beach, luxury home prices in Florida's richest enclaves are reaching new records as billionaires and millionaires continue to buy up property. The average price per square foot of homes sold in Palm Beach reached $4,554, more than 2.5 times more expensive than Manhattan. "The prices are mind-blowing," said Chris Leavitt, a top Palm Beach broker with Douglas Elliman. Miami Beach has also seen a spike in prices from wealthy buyers — especially billionaires. "Both Palm Beach and Miami Beach are disconnected from the interest rate trend."
Persons: Douglas Elliman, Miller Samuel, Chris Leavitt, Jonathan Miller, Leavitt, James Tigani, Harvey Jones, Tommy Hilfiger, Michael Cantanucci, Corcoran, Eric Schmidt, Ken Griffin, Alex Rodriguez, Griffin, Jeff Bezos, Tom Brady Organizations: Palm, Tech, Brokers, National Football League, CNBC Locations: Palm Beach, Miami Beach, Manhattan, New York , New Jersey, California, Florida, Miami
CNN —Pamela Anderson went without makeup for Paris Fashion Week and Jamie Lee Curtis found it beautiful. Anderson recently told Elle that back then, “I just went along with what people were telling me what to do” in terms of her look. She explained that she has chosen to wear little or no makeup since the death of her former makeup artist Alexis Vogel, who died in 2019 following a battle with breast cancer. “She was the best,” Anderson said of Vogel. And I’m kind of laughing at myself when I look at the mirror.
Persons: Pamela Anderson, Jamie Lee Curtis, Anderson, ” Curtis, , , Elle, Alexis Vogel, ” Anderson, Vogel, Alexis, it’s, Hugo Boss, Tommy Hilfiger Organizations: CNN, Paris Fashion
The International Labour Organization (ILO), of which Cambodia is a member, permits prison labour provided it is not forced. The companies, which Sopheak confirmed were W Dexing Garment (Cambodia), IGTM (Cambodia) and Chia Ho (Cambodia) Garment Industrial, did not respond to requests for comment. It said it learned in February that Cambodia was investigating and that the prison workshops had been suspended. Centric told Reuters in an email in June that it had "placed on hold" imports from a factory in Cambodia and would "immediately terminate" any supplier found to be using prison labour. CAMBODIA INVESTIGATESPrison labour at CC2 potentially puts Cambodia at odds with the U.S. Generalized System of Preferences, which grants duty-free benefits to eligible developing nations.
Persons: Keo Chhea, Sopheak, Chia Ho, AAFA's, Ken Loo, Aun, Loo, Calvin Klein, Tommy Hilfiger, amfori, Klot Dara, Stephen Lamar, Nate Herman, Clare Baldwin, Katherine Masters, Siddharth Cavale, John Shiffman, Kristina Cooke, David Crawshaw, Kay Johnson Organizations: Correctional, Google, REUTERS Acquire, Walmart, Centric Brands, Reuters, American Apparel and Footwear Association, International Labour Organization, ILO, Cambodian Ministry of Commerce, State, European Union, Japan, Garment, Human Rights, Textile, Apparel, Footwear, Travel Goods Association, IZOD, U.S . Federal Trade Commission, U.S, Travelway, Centric, Better Factories, BFC, amfori's Business, Authentic Brands, U.S . Trade, CC2, Cambodia's Ministry of Interior, General Department of Prisons, Facebook, Thomson Locations: Phnom Penh, Cambodia, PHNOM PENH, U.S, Washington, AAFA, IGTM, Canada, Better Factories Cambodia, CC2, CAMBODIA, Cambodia's U.S, New York, Los Angeles
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