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☆ Email startup Beehiiv just raised $33 million to build a big ad business and differentiate itself from rival Substack
▼ + stars: | 2024-05-02 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The firm closed a $33 million round of Series B funding, with the bulk of the money going toward building out its advertising business, CEO Tyler Denk told Business Insider. With the new round of funding, Beehiiv hopes to make $5 million from ads in 2024, he said. AdvertisementBeehiiv acquired the email ad platform Swapstack and launched its ad network that places ads in newsletters during the third quarter of 2023. Beehiiv's Denk said that Beehiiv has a "difference in philosophy" on ads than Substack does.

Persons: —, Tyler Denk, Beehiiv, Denk, Boston Globe Media's, Beehiiv's cofounders, Substack, Jesse Singal, Beehiiv's Denk Organizations: Service, Business, NEA, Sapphire, Lightspeed Venture Partners, Boston Globe, Morning, Netflix

☆ Margaret Grade, Whose California Inn Was Beloved by Stars, Dies at 72
▼ + stars: | 2024-03-17 | by ( Kim Severson | ) www.nytimes.com time to read: +1 min

Ms. Grade was injured in a car accident in Marin County on Jan. 11. She spent several weeks in a hospital before she died there of complications related to her injuries, her brother Matthew Grade, a physician, said. The introverted Ms. Grade acknowledged that she was a most unlikely innkeeper. “If they put me in the front, I would be bad for business,” she said in a 2003 interview with The San Francisco Chronicle. She also admitted that when she opened her inn, Manka’s Inverness Lodge, she didn’t have the first idea about running an establishment.

Persons: Margaret Grade, Grade, Matthew Grade, ”, didn’t Organizations: Point, San Francisco Chronicle, Inverness Lodge Locations: California, San Francisco, Marin County, Inverness, ’, Inverness , Calif

☆ Quince Restaurant Sues E-Commerce Brand, Says It Stole Its Name
▼ + stars: | 2024-03-15 | by ( Kate Taylor | ) www.businessinsider.com time to read: +10 min

Tusk told BI that Last Brand has "continuously expanded their product line smack dab into our backyard." According to Gupta, the founders renamed the brand Quince in 2020 upon its official launch to play on the word quintessential, a reference to the brand selling premium essentials. "Off the record, we were eating at a sister restaurant to a three-Michelin-starred restaurant named Quince in SF, and we really loved the name," Gupta said. For now, the restaurant Quince will continue to deal with confused customers. "I know that we're outmatched and all that, but it kind of left us no choice," Tusk told BI.

Persons: Lindsay Tusk, She'd, Michael, Everett Noel, Tusk, Quince, —, Sid Gupta, Zachary Briers, " Briers, David —, Gupta, Leslie Williamson, Daniel Page, Last, Page Organizations: MICHELIN, Michelin, Better, Inc, Last Brand Inc, The New York Times Style Magazine, TV, FedEx, YouTube, Last, Brand Locations: San Francisco, Italy, San Francisco's, The, Bolinas , California

We can't predict what the Fed will do or how that will impact mortgage rates. Yes, even as high interest rates make buying a home with a mortgage more expensive! On one hand, interest rates may drop so buying a home with a mortgage is more affordable. Or we could say there's still massive demand in the Boston market despite the jump in interest rates. Get the lowest mortgage rate you canPretty obvious advice if you want to get a mortgage now, right?

Persons: —, doesn't Organizations: Service, National, ARM Locations: Boston

☆ News industry off to brutal 2024 start as mass layoffs devastate publishers, raising questions about future of journalism
▼ + stars: | 2024-01-25 | by ( Oliver Darcy | Jon Passantino | ) edition.cnn.com time to read: +8 min

The recent round of layoffs, while pronounced, are part of a much larger and unrelenting storm battering the journalism industry. Over the past 18 months, most news organizations have been forced to make difficult decisions to reduce their workforces. “I am sorry to say that I do not see turning around most legacy outlets,” Jeff Jarvis, the Leonard Tow Professor of Journalism Innovation at the Craig Newmark Graduate School of Journalism, told CNN. Dan Kennedy, a journalism professor at Northeastern University, noted some local news outlets have found financial sustainability. “There are reasons to be optimistic given the hundreds of independent local news organizations that have sprouted up in recent years,” he said.

Persons: Condé Nast, ” Jay Rosen, “, Jeff Jarvis, Craig Newmark, ” Jarvis, ” Rosen, Steve Bannon’s, Margaret Sullivan, Sullivan, ”, ” Sullivan, Jeff Bezos ’, Patrick Soon, Dan Kennedy, Shiong’s, Jeff Bezos, ” Kennedy, Rosen Organizations: CNN, Los Angeles Times, Business, Condé, Forbes, The New York Daily News, Washington Post, NPR, Vice Media, Sports, Vox Media, NBC News, CNBC, Gannett, Netflix, Columbia University, Google, Meta, New York University, Craig Newmark Graduate School of Journalism, America, Guardian, The Washington Post, The New York Times, “ Democracy, Jeff Bezos ’ Washington Post, Northeastern University, “ Billionaire, Minneapolis Star Tribune, Boston Globe, Journalists Locations: Covid, Jeff Bezos ’ Washington

☆ After deception and drama, George Santos faces expulsion from Congress
▼ + stars: | 2023-12-01 | by ( Gregory Krieg | ) edition.cnn.com time to read: +8 min

The authors of the subcommittee’s submission, in perhaps their most admirable achievement, summarized Santos’ grand political deception in a single sentence. (Santos’ first treasurer, Nancy Marks, resigned before pleading guilty to a conspiracy fraud charge and implicating Santos in a scheme to hoodwink donors.) Not coincidentally, all five swing-district Republican freshmen are expected to vote for Santos’ removal on Friday. In comments to reporters on Thursday, Santos promised more drama before he leaves town. “I’m going to be the first member of Congress expelled without any of those parameters.”On that point at least, Santos is telling the truth.

Persons: George Santos ’, Michael Guest, Santos, He’s, America’s, Santos ’, Mary Magdalene, United States Congress ”, “ Santos, ”, “, Goldman Sachs, Robert Zimmerman, might’ve, Santos –, Elise Stefanik, machers –, Stefanik, Anthony D’Esposito, Nick LaLota, Mike Lawler, Brandon Williams, Marc Molinaro, Thomas Datwyler, Nancy Marks, ” “, ” Santos, Marks, Mike Johnson, “ I’m Organizations: CNN, New York Republican Rep, Republican, GOP House, United States Congress, Baruch College, Business Administration, New York University, Citi Group, Democratic, Congressional District, New York Times, Empire State Democrats, Democrats, GOP, New York, Washington and New York, Battleground, ”, Republicans, Confederate Locations: Mississippi, Business, New York, Washington and New, Long, New York City, Battleground New York, Santos, Washington

☆ Snowfall is changing across the globe, new maps show
▼ + stars: | 2023-11-25 | by ( Manav Tanneeru | Eric Zerkel | ) edition.cnn.com time to read: +8 min

CNN —Snowfall is declining globally as temperatures warm because of human-caused climate change, a new analysis and maps from a NOAA climate scientist show. There has already been a 2.7% decline in annual global snowfall since 1973, according to Brettschneider’s analysis of data from the European Union’s Copernicus Climate Change Service. The increase in snowfall in the Northeast seen on the maps illustrates the complicated nature of changing precipitation patterns with climate change, scientists told CNN. “Even though the total snowfall trend was positive, the days per year with snowfall trend is negative,” Brettschneider told CNN. Managing water with less snowUnderstanding the implications of less snowfall on the global water supply is far more complicated than simply saying less snow falling means less available water, Mankin said.

Persons: ”, Brian Brettschneider, ” Snow, Justin Mankin, haven’t, ” Mankin, Jessica Lundquist, Lundquist, ” Lundquist, ” Brettschneider, Brettschneider, Mankin, “ Organizations: CNN, NOAA, Northeast, National Weather Service, Dartmouth College, University of Washington Locations: Alaska, Northern, California, American, “ California, snowpack, South Asia, Spain, Italy, Greece, North Africa, Morocco

☆ Opinion: Trust in science is declining. Here’s how we can regain it
▼ + stars: | 2023-11-17 | by ( Opinion Megan L. Ranney | Katelyn Jetelina | ) edition.cnn.com time to read: +6 min

And what if more Americans refuse to get their kids vaccinated or if our public health institutions are shut down? Trust in scientists, physicians and science itself — amongst all demographic groups — is still higher than Americans’ trust in, say, elected officials or journalists. The public health workforce has declined by half over the past two years, according to research from Harvard T.H. Data-sharing efforts like Connecticut’s DataHaven show how urban neighborhoods can be involved in gathering and analyzing health data. By combining facts with stories, we can share tangible examples of how science and public health protect us, thereby increasing trust.

Persons: Megan L, Katelyn, CNN —, —, Megan Ranney, ” Dr, Annenberg, We’re, Harvard T.H, there’s, Connecticut’s, Ranney, ” —, It’s, we’ve Organizations: Yale School of Public Health, US Centers for Disease Control, CNN, Pew Research, KFF, Pew, Trust, Harvard, of Public Health, National Academy of Medicine, Council for Medical Specialty Societies, World Health, YouTube Locations: America, Chan, West Virginia, St, Louis , Missouri, Marin County , California, United States

☆ Why the Bronx Voted Republican for the First Time in a Generation
▼ + stars: | 2023-11-10 | by ( Ginia Bellafante | More About Ginia Bellafante | ) www.nytimes.com time to read: +2 min

But a City Council race on Tuesday managed to bring uncommon suspense. By Wednesday the contest had been called in favor of an X-ray technician who became the first Republican to win public office in the Bronx in nearly 20 years, a place where Democrats outnumber Republicans by more than 10 to 1. With the support of Ms. Velázquez, the plan moved forward to unanimous approval by the City Council. A few days before the vote, they protested outside her office demanding that she be voted out. At one point a billboard truck drove by attacking her as the “Benedict Arnold” of Throgs Neck.

Persons: Marjorie Velázquez, Velázquez, Benedict Arnold ” Organizations: Council, Republican, Country Club, City Council Locations: New York, Bronx, Bruckner

☆ In some states, it's 'nearly impossible' to buy a home that isn't part of a homeowners association, expert says
▼ + stars: | 2023-10-31 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +8 min

These communities are usually overseen by homeowners associations. Homeowners associations, also known as HOAs, are self-governing organizations that implement rules for homeowners and renters within common-interest communities. The board may choose to hire a management company, many of which are for-profit, to help run day-to-day operations. Roughly 84% of newly built, single-family homes sold in 2022 belonged to homeowners associations, according to the U.S. Census Bureau. "But it seemed like [the deal] never got to the management [company] or homeowners association," Enrique Inostroza said.

Persons: Jewel Inostroza, Enrique, Gen Z, it's, Deborah Goonan, Inostroza, Enrique Inostroza, Mark Licea, HOA, Bradley, Tom Skiba, Skiba, Steve Horvath Organizations: Homeowners, Finance, . Census, Communities, CNBC, Management, HOA, Sentry Management, Community Associations Institute, Economics, Rocket Mortgage, HOA United Locations: Newnan , Georgia, HOA, U.S

☆ The sure-fire way to save America’s cities? Do what Tokyo does.
▼ + stars: | 2023-10-04 | by ( Eliza Relman | ) www.businessinsider.com time to read: +12 min

But affordability isn't an issue in the world's biggest city, Tokyo. In collectivist Japan, housing policy is designed to benefit the most people possible. Earthquakes and small homesAnother feature of the Japanese housing market is purely situational: The country is a hotspot for earthquakes. Could the US import Japanese housing policy? Japan's housing policy "is now quite well understood" among American housing advocates and scholars, he says, "whereas it was not even three years ago."

Persons: metropolises, Eric Adams, Alan Durning, Durning, Jiro Yoshida, NIMBYism, Jenny Schuetz, Yoshida, Schuetz, André Sorensen, there's, Sorensen, Nolan Gray, Impermanence, Gray, tradeoffs, Eliza Relman Organizations: US, America it's, New York City, Sightline, Pennsylvania State University, Brookings Institution, University of Toronto, Earthquakes Locations: Los Angeles, Miami, New York, San Francisco, Tokyo, it's, America, Paris, Japan, inequity, Montana, California, United States, Vienna, Amsterdam, California , Oregon, Washington

☆ NYC and its suburbs won't build new housing, so New Yorkers are flooding into Jersey City and driving up prices
▼ + stars: | 2023-09-30 | by ( Eliza Relman | Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

But prices are shooting up in Jersey City as its neighbors refuse to build. AdvertisementAdvertisementNew Yorkers have been taking notice of Jersey City real estate for years, and its popularity as an alternative to the ever-less-affordable housing market in the city is growing. Between 2010 and 2018, Hudson County, which includes Jersey City, built housing at more than twice the rate that New York City did. New housing in Jersey City is overwhelmingly market rate rather than being explicitly built as affordable housing for lower- and middle-income residents. "The issues facing Jersey City tenants are multifaceted, but the primary concern is to guarantee housing stability."

Persons: —, Steven Fulop, Alex Armlovich, Armlovich, Noah Sheidlower, Amy Klein, Klein, Isaac Jiménez, It's, Goldman Sachs, Abdul Rehman Khan, Jiménez, Fulop, That's, Rich Boggiano, Khan Organizations: Apple, Service, Jersey, Jersey City, New, Niskanen, realtors, Big Apple, Research, Jersey City . Financial, Seton Hall Law's Center for Social Justice Locations: Jersey City, The North Jersey, Jersey, Hudson County, York City, New York, North New Jersey, Newark, Elizabeth, Manhattan, Brooklyn, New York City, Hudson, New York City , Westchester, Long, New Jersey

☆ Parisians Are Pledging Allegiance to the ‘Republic of Super Neighbors.’ They Must Bring Cheese.
▼ + stars: | 2023-08-30 | by ( Peter Yeung | ) www.nytimes.com time to read: +2 min

“Urban strategy must focus on these microneighborhoods, or three-minute villages, as I like to call them,” said Mr. Bernard, who estimates that Paris could house 150 of these urban villages based on its population and geography. In other words, they say, cities of the future must be cities of villages, public spaces and neighborhoods. There are Black, Muslim and East Asian members of the Super Neighbors. In the past, the neighbors pooled together to pay the rent of a Malian refugee who joined them. “Properly inclusive policy allows residents to be actors in the community, to have a sense of anchorage and to invest emotionally.”

Persons: ”, Bernard, Ramon Marrades Organizations: East Locations: Paris, Europe

☆ New Tours Mean No More FOMO for Plus-Size Travelers
▼ + stars: | 2023-06-27 | by ( Carla Sosenko | ) www.nytimes.com time to read: +3 min

“But you can count on me inserting myself between the group and the gaze. In addition to body inclusion, the Stellavision trip to southern Italy (July 15 to 29, $5,650) focuses on hyperlocal tourism, as well as woman-owned businesses. For Sara Courson, who traveled with the 2022 group, that was the main draw — but the size-inclusive aspect was the clincher. On the Stellavision trip — which will run again in the summer of 2024, as will a new size-inclusive Italy trip with a route and an itinerary to be determined — there is no specifically body-focused programming. “There were therapy-adjacent-type tools,” said Ms. Courson, “but we’re not sitting around talking every meal about what it’s like in our lives.”

Persons: ” Zoe Shapiro, NAAFA, ”, Tigress Osborn, Jeff Jenkins, Jenkins, Sara Courson, “, she’d, Courson, we’re Organizations: Stellavision, Geographic Locations: Italy, ”

☆ Opinion: A tail of two cities – how Parisians and New Yorkers take on rats
▼ + stars: | 2023-06-15 | by ( David A. Andelman | ) edition.cnn.com time to read: +6 min

Indeed, if there’s one attribute shared by New York and Paris it’s rats. The mayor of Paris is forming a committee to look into the cohabitation of the city's citizens with its notorious population of rats. Thomas Samson/AFP/Getty ImagesNot surprisingly, there are some who believe ridding the city of rats with traps and rat poison is utterly inhumane. In contrast, Boulard with his anti-rat vengeance, sounds more like the mayor of New York than the mayor of Paris. Of course, Paris has a far longer history than New York with rats.

Persons: David A, Paris CNN —, David Andelman, Tony, ”, Pont, Pont Royal they’ve, I’ve, Anne Hidalgo, Geoffroy Boulard, quartiers, Boulard, Thomas Samson, PAZ, Douchka Marcovitch, Eric Adams, Ben Regenspan, Adams, Hidalgo’s Organizations: CNN, French Legion of, The New York Times, CBS News, Paris CNN, David Andelman CNN, America’s, Paris Olympics, Pont Royal, Paris’s, hyperlocal, Getty, New York Times, Twitter, Facebook Locations: France, Paris, New York, Raspail, Tuileries, AFP, Manhattan

☆ What the chaos at Twitter means for the future of social movements
▼ + stars: | 2023-06-11 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —When thousands of Egyptians marched through the streets during the Arab Spring of 2011, they had a tool at their disposal that earlier social movements didn’t: Twitter. Peter Macdiarmid/Getty Images“You can’t underestimate the impact of Twitter to social movements,” Amara Enyia, manager of policy and research for the Movement for Black Lives, told CNN. “There are now issues in how people see Twitter as a source of information and a source of political community,” said Kuo, whose research focuses on race, social movements and digital technologies. “It isn’t seen in the same way anymore.”Elon Musk's controversial policy changes at Twitter could have implications for social movements, some activists say. Twitter has been an incredibly powerful tool for social movements, Enyia said.

Persons: Michael Brown, George Floyd, Harvey Weinstein, Peter Macdiarmid, ” Amara Enyia, Elon Musk, wouldn’t, Rachel Kuo, ”, Kuo, ” Elon, Carina Johansen, NTB, Musk, Sarah Aoun, Aoun, Donald Trump, Marjorie Taylor Greene, ” Aoun, Linda Yaccarino, Rich Wallace, Wallace, Chandan Khanna, we’ve, ” Kuo, Enyia, it’s, Jack Dorsey, Richard Drew, –, ” Enyia, don’t Organizations: CNN, Twitter, Occupy, Hollywood, Movement, Elon, University of Illinois, Getty, Intelligence, Protesters, Center, Defamation League, GOP, Equity, AP Locations: New York, Ferguson , Missouri, Cairo, Egypt, Urbana, Champaign, AFP, cybersecurity, Tahrir, Chicago

☆ Opinion: Ambitious, tech-savvy and jobless. Why India’s young people could reshape the internet
▼ + stars: | 2023-06-02 | by ( Opinion Snigdha Poonam | ) edition.cnn.com time to read: +10 min

Her book, “Dreamers: How Young Indians Are Changing Their World,” was longlisted in 2019 for the PEN America Literary Awards. Unlike China, which leveraged its demographic dividend through large-scale factory employment, India’s economic growth does not rely on young workers manufacturing goods. Catering to a market of 750 million smartphone users, India’s fast-growing gig economy is attracting young workers in great numbers. As incidents of abuse and exploitation pile up, many of India’s gig workers are questioning their career choice. Feeding the social media monsterThere are other ways in which India’s young people are shaping the future of technology.

Persons: ”, Raju Rai, Rai, “, ” Rai, Dhiraj Singh, Mithun Kumar, Kumar, hyperlocal, Jewel Samad, Mohit Yadav, Monu Manesar Organizations: PEN, CNN, Delhi CNN, Facebook, Catering, Bloomberg, Getty, YouTube, Big Tech, Twitter, New York Times Locations: Delhi, India, Thailand, Indian, Varanasi, Bangkok, Myanmar, Uttar Pradesh, Kerala, Southeast Asia, Europe, China, Mumbai, Bihar, Covid, AFP

☆ This startup wants to curb fast fashion by helping you rent out your closet
▼ + stars: | 2023-05-31 | by ( Cait Freda | In Caitfreda | ) www.cnbc.com time to read: +7 min

By Rotation, a U.K.-based clothing rental app, hopes to eliminate the need for fast fashion by making peer-to-peer clothing rental mainstream in the United States. Individual users decide if they are willing to ship their items to users in other states. Despite the expected growth, online fashion rental and resale has proven to be a difficult business, especially on Wall Street. As the app grows, the startup is taking steps to ensure renters are trustworthy and lenders' items are protected from damage. "I wanted to wear nice clothes on my holiday and I thought about renting but there was no sort of digital fashion rental player here in the U.K. or even Europe," she said.

Persons: Eshita Kabra, Davies, Uber, we've, Kabra, Randi Wood, Wood, Martha Petrocheilos, Esther Gross, Ester Gross Organizations: Research, European Environment Agency, Marathon Asset Management Locations: U.K, United States, New York City, U.S, London, Los Angeles, Mexico, Rajasthan, India, Europe, Africa, Asia, New York

☆ The wild traffic hack that could pave the way for self-driving cars
▼ + stars: | 2023-04-12 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

You might be able to get out of the way of a testosterone-fueled human driver in an SUV, but the self-driving cars will never see him coming. As more self-driving cars enter the market, speed through Hajbabaie's intersections goes up and fuel consumption goes down. The same will be true of proposals like white traffic lights for self-driving cars. If self-driving cars ever move beyond shared services like taxis and deliveries, the first vehicles are going to be owned by wealthy people. The world of tomorrowFor the moment, cities are in no danger of being overrun by self-driving cars.

☆ India's PhonePe launches e-commerce app on government's open network
▼ + stars: | 2023-04-04 | by ( Varunvyas Hebbalalu | ) www.reuters.com time to read: +1 min

REUTERS/Saumya KhandelwalBENGALURU, April 4 (Reuters) - Walmart Inc-backed (WMT.N) digital payments firm PhonePe Pvt Ltd launched an app called Pincode on the Indian government's open network on Tuesday to strengthen its e-commerce business. The Open Network for Digital Commerce (ONDC) was launched last year to enable small merchants and local stores across India to access processes and technologies typically deployed by large e-commerce platforms like Amazon (AMZN.O) and Walmart (WMT.N). Pincode, which will focus on hyperlocal commerce, is currently live only in Bengaluru and available on the Google Play Store and the App Store, PhonePe said in a statement. PhonePe already has an e-commerce platform, called Switch, on its app, which offers services including food delivery, grocery shopping, travel, hotel booking, retail fashion and healthcare. India's most valuable payments firm, PhonePe had raised $200 million from majority-backer Walmart in a pre-money $12 billion valuation in March.

☆ As climate change intensifies extreme weather, NOAA looks to startups to help improve its forecasts
▼ + stars: | 2023-03-29 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +1 min

The U.S. experienced 18 separate billion-dollar weather or climate disasters in 2022, costing a total of $165 billion in damages. This information is then fed into powerful supercomputers that produce weather models that meteorologists use to come up with forecasts. As climate change intensifies extreme weather events, accurate weather forecasting is becoming more important than ever. The weather forecasting services industry in the U.S. was estimated to be worth about $17.4 billion in 2023, according to IBISWorld. CNBC spoke with two such companies, Boston-based Tomorrow.io and Alameda, California-based Saildrone, to learn how their technology can help improve weather forecasting for NOAA and others.

☆ The last Blockbuster store has an ad timed for the Super Bowl
▼ + stars: | 2023-02-10 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

That’s exactly what the only remaining store of the Blockbuster video rental chain is doing, and it’s during the Super Bowl. This photo taken on July 26, 2020 shows the interior of the last remaining Blockbuster store, in Bend, Oregon. Blockbuster store in Bend, Oregon has created a retro 1990's living room setup for customers to watch its ad on Super Bowl Sunday. Blockbuster stores fell one by one, with only 10 left in 2017, and then just one. Adding a quirky ad during Super Bowl is just par for the course for this holdout from a bygone era.

☆ Scientists can spike startup bets in Planet A's new $172 million climate tech fund even if they have a good business case. Check out the 20-slide LP deck it used to raise the fresh cash.
▼ + stars: | 2023-02-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

German VC Planet A has just closed its first 160 million euros (around $172 million) fund. Planet A, a European venture capital firm, has just closed its inaugural 160 million euros (around $172 million) fund to back startups doing just that. Founded in 2020, Planet A is looking for market-ready tech startups with significant impact potential in climate change mitigation, waste reduction, resource savings, and biodiversity protection. The early-stage investor will write checks of between 500,000 euros to 3 million euros to startups in Europe, the UK, and Israel. The Planet A team intended to raise 100 million euros, Detzner said, so the fund was oversubscribed.

Organizations: & $

☆ Nike CEO touts strength in Gen Z China shopper as Covid disruptions dent regional sales
▼ + stars: | 2023-01-12 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +3 min

Nike CEO John Donahoe said Thursday the company is "really focused" on Gen Z consumers in China and that the athletic apparel retailer is continuing to see strong demand in the region, even amid Covid-related disruptions. We're really focused on the Gen Z consumer in China, we saw a very good response from the Gen Z consumer who wants the most innovative products and wants brands that are globally relevant," Donahoe told CNBC's "Closing Bell." "We factored in some disruption in our outlook, but we view that as transitory, we still believe in the fundamentals of China," said Donahoe. "The consumer is still paying list price for the Nike products that they know and love. Nike has invested heavily in its direct-to-consumer strategy, but Donahoe glossed over that focus on Thursday and said wholesalers remain "very, very important" to Nike.

☆ 8 top business leaders—from Yelp, Zillow, Dell, and more—on the habits they want to cultivate in 2023
▼ + stars: | 2022-12-30 | by ( Natasha Piñon | ) www.cnbc.com time to read: +8 min

Dell TechnologiesJen Felch, Chief Digital Officer and CIO"Going into 2023, I'm focused on cultivating a habit of asking better questions. In 2023, I'm resolving to tackle my own executive burnout, and to be more authentic about it. In 2023, I'm committing to meditating 10 minutes per day, five days a week. Ultimately, entrepreneurial employees have the passion to make the 'new' happen, powering through hurdles, and inspiring real innovation around them." NextdoorSarah Friar, CEO"In 2023 there are several important habits that I will cultivate to help me and the Nextdoor team succeed.

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