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☆ New Status Symbol for Rich Young Men: a $7,000 Herman Miller Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

"The Eames chair is basically meme status," said Joel Vanderveen, a 35-year-old from Minnesota who created a subreddit about a decade ago dedicated to all things Eames. "Until the last 10 years, when people would say to me they had an Eames chair, I never knew which one they meant," Kirkham said. The Eames chair is one of those rare luxury goods that checks all those boxes for novices and experts alike, in his view. Not everyone with the Eames chair has a new one, an expensive one, or even a real one. The Eames chair seems eco-friendly, too — they're not going to be tossing it out in two years.

Persons: he'd, that's, Herman Miller Eames, I'd, I'm, Eames, Herman Miller, Amy Auscherman, Herman Miller's, Joel Vanderveen, Charles, Ray Eames, Pat Kirkham, Kirkham, wasn't, it's, It's, Auscherman, Julia Mack, Jennifer Jones, Kyle, He's, Zak Cole, who'd, Shawn Pasternak, they're, Derek Guy, HENRY, Guy, Loren Kreiss, they've, Emily Stewart Organizations: MoMA, Kingston University, Playboy, Porsche, Ikea, Democrat, Business Locations: New York City's Queens, Minnesota, ottoman, London, Brooklyn , New York, San Francisco, Brooklyn, Nashville, Los Angeles, Michigan, Washington, It's, I'm

☆ Rich Young Men Want This Famous $7,000 Herman Miller Eames Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

☆ Stocks making the biggest moves midday: RH, Reddit, Estée Lauder, AMC and more
▼ + stars: | 2024-03-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday. Estée Lauder — Shares jumped 6.28% after Bank of America upgraded them to buy from neutral. AMC Entertainment — Shares dropped 14.29% after the movie theater chain said in a filing it will sell $250 million worth of stock. Verint Systems — Shares added 6.63% after the customer engagement solutions provider surpassed fourth-quarter earnings per share and revenue expectations. Braze anticipates a loss of 10 cents to 11 cents per share for its first quarter, versus a 5 cents loss expected from analysts polled by FactSet.

Persons: Estée Lauder —, Steve Ladd Huffman, Jennifer Wong, Chemours, Sridhar Ramaswamy, FactSet, Synnex, TD Synnex, MillerKnoll, Braze, —, Alex Harring, Hakyung Kim, Pia Singh, Jason Kempin Organizations: Bank of America, New York Stock Exchange, AMC, Verint Systems, Apollo Global Management, FactSet, Allstate, HSBC, Getty

☆ Tips for achieving work-life balance
▼ + stars: | 2023-11-18 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how the pandemic has twisted our perceptions of work-life balance — in good and bad ways. And that's impacted how people see and achieve work-life balance. AdvertisementMore than 60% of employees consider work-life balance a top priority in their next job, according to a 2022 Gallup study. She highlighted how people aren't just aspiring for work-life balance — they've come to expect it. Experts shared tips on small ways to improve your work-life balance.

Persons: —, hangouts, Julie Tran, Gen Zers, Kristen Lipton, Ryan Anderson, Anderson, Lipton, that's, Fernando Constantino Martínez Belmar, Xi, It's, Royce, That's, Zers, Tom Farley, Stella Kalinina, Drake, it's, you've, Naga Siu, Dan DeFrancesco, Hallam Bullock, Lisa Ryan Organizations: Service, Gallup, Future, Drayson Locations: Hochatown , Oklahoma, Loma Linda , California, San Diego, New York City, London

☆ Stocks making the biggest moves midday: Costco, Paramount, MillerKnoll, ChargePoint and more
▼ + stars: | 2023-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. ChargePoint , Blink Charging — Shares of ChargePoint and Blink Charging gained 4.1% and 5.5%, respectively after UBS initiated coverage of the electric charging stocks with buy ratings. XPO — Shares added roughly 2% after XPO stock was upgraded to outperform from Evercore ISI, with analyst Jonathan Chappell highlighting margin growth potential and stronger pricing power. Mattel — Shares of the toymaker rose more than 4% after Morgan Stanley initiated coverage of Mattel with an overweight rating. AAR Corp — Shares of the aircraft services company rose 2.3% on the back of its quarterly earnings report.

Persons: MillerKnoll, XPO, Jonathan Chappell, Morgan Stanley, Levi Strauss, TD Cowen, Levi's, Piper Sandler, Kosmos, — CNBC's Brian Evans, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Media, Warner Bros . Discovery, Paramount Global, Comcast, Disney, Netflix, UBS, Costco —, Costco, Evercore ISI, Mattel —, Mattel, Federal Trade Commission, AAR, Kosmos Energy, Bank of America

☆ Despite all the gloom, we're buyers going into next week. These 3 things are on our radar
▼ + stars: | 2023-09-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

It was another downer of a week on Wall Street with all three major averages posting steep losses despite a bounce back on Friday. The S & P 500 and the technology-heavy Nasdaq fell 2.3% and 2.9% this week, respectively, while the Dow Jones Industrial Average lost 1.5%. Federal Reserve: The central bank signaled this week that it was planning to keep rates higher for longer to beat down inflation. ET: Personal consumption expenditure Before the bell: Carnival (CCL) (See here for a full list of the stocks Jim Cramer's Charitable Trust is long.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: downer, Jim Cramer, carmakers, hasn't, Jim, " Cramer, Stanley Black, Decker, Jim Cramer's, Ferguson, SYNNEX, HB Fuller, Jabil, Cramer's, Emily Elconin Organizations: Nasdaq, Dow Jones Industrial, Federal Reserve, Republican, Democratic, UAW, Big, United Auto Workers union, General Motors, Club, Ford, Fed, Stanley, Jim Cramer's Charitable, Costco, Citi, Meta, Industries, Cintas, Natural Foods, Micron Tech, Concentrix Corp, Worthington, Gross, Accenture, BlackBerry, Vail Resorts, MTN, CNBC, United Auto Workers, Stellantis NV, Bloomberg, Getty Locations: SWK, Stellantis NV Toledo, Toldeo , Ohio

☆ Stocks making the biggest moves premarket: Delta Air Lines, PepsiCo, MillerKnoll and more
▼ + stars: | 2023-07-13 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Delta posted adjusted earnings per share of $2.68 cents, more than the $2.40 expected by analysts polled by Refinitiv. It gained adjusted revenue of $14.61 billion, greater than the $14.49 billion consensus estimate. MillerKnoll posted adjusted earnings of 41 cents per share on revenues of $957 million. PepsiCo — The beverage stock rose 2% after PepsiCo on Thursday beat earnings and revenue expectation in its recent results, and raised its full-year outlook. The firm reported adjusted earnings of $2.09 per share, more than the $1.96 per share consensus estimate from Refinitiv.

Persons: MillerKnoll, Noguchi, Eames, Refinitiv, Bob Iger's, Iger, Carvana, Bard chatbot, Morgan Stanley, SoFi, — CNBC's Michelle Fox, Jesse Pound Organizations: Delta Airlines, JFK International, Delta Air Lines, Air Lines, Refinitiv, PepsiCo, Walt Disney Company, Disney, CNBC, ViaSat, JPMorgan, European Union, Financial, Microsoft, Cirrus Logic, Barclays Locations: New York City, Americas, Brazil

☆ Remember those pricey Herman Miller chairs that everyone wanted in 2020? Some are now being discarded, crushed by excavators, and sent to landfills.
▼ + stars: | 2023-07-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

As a result, the iconic Herman Miller chairs popular during the pandemic are ending up in landfills. More than three years after the Covid pandemic sent employees home, office spaces in New York City are still only half occupied, the New York Times reported. As those deserted offices clear out, their tenants have had to decide what to do with the abandoned office furniture. Lior Rachmany, the founder of Dumbo Moving and Storage, told the Times his company has "never seen so many Herman Miller chairs." MillerKnoll, Inc., which owns the Herman Miller brand, told Insider in a statement that it expanded its furniture repurposing program in May.

Persons: Herman Miller, —, Lior Rachmany Organizations: Service, Museum of Modern, New York Times, Times, Environmental Protection Agency, Dumbo, Inc Locations: York, New York City, New Jersey

☆ 3 things to pay attention to in the markets this coming week
▼ + stars: | 2023-07-08 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The consumer price index (CPI) report — which calculates the average change over time in prices that shoppers pay for goods and services — drops Wednesday. On Thursday, the producer price index (PPI) is out and will show the change in selling prices received by producers of goods and services. ET: Consumer Price Index After the bell: MillerKnoll (MLKN) Thursday, July 13 8:30 a.m. The consumer price index (CPI) report — which calculates the average change over time in prices that shoppers pay for goods and services — drops Wednesday. ET: Consumer Price IndexAfter the bell: MillerKnoll (MLKN) Thursday, July 13 8:30 a.m.

Persons: Stocks, Wells Fargo, We'll, Jim Cramer, Jeff Marks, Helen of Troy, HELE, Wells, ERIC, Jim Cramer's, Jim Organizations: Federal Reserve, PPI, Delta, DAL, PepsiCo, Conagra Brands, Delta Air Lines, JPMorgan, Citigroup, UnitedHealth, Ericsson, Jim Cramer's Charitable, CNBC, Anadolu Agency, Getty Locations: China, Wells, Wells Fargo, Red, Ras Behar, Egypt

☆ American CEOs are 'failing' their workers right now, says Harvard expert: 'We're in a crisis of trust'
▼ + stars: | 2023-05-09 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

"We're in a crisis of trust in leadership," Sandra Sucher, a Harvard Business School professor who studies layoffs and trust, tells CNBC Make It. "Leaders of all kinds ... are failing some of the basic expectations that people have for how they should be treated." People just don't want to be led astray or lied to," says Kelly, 28, the CEO and founder of fitness content startup Curastory. Tiffany Kelly, CEO and founder of fitness content startup Curastory. The past two years revealed the leaders who are truly focused on the well-being of their workers, versus the ones who are focused on the bottom line.

☆ A Rallying Cry or a Rant? ‘Pity City’ CEO Comments Show Perils of Video Meetings
▼ + stars: | 2023-04-21 | by ( Vanessa Fuhrmans | Joseph Pisani | ) www.wsj.com time to read: 1 min

MillerKnoll Chief Executive Andi Owen in her Grand Rapids, Mich., home office. Photo: Sylvia Jarrus for The Wall Street JournalIt wasn’t the plan, but MillerKnoll Chief Executive Andi Owen passed on a crucial lesson to bosses everywhere this week: Zoom calls are a tricky venue for giving tough love to staff. Ms. Owen may have learned the hard way. In a video that sparked viral furor on social media, she gives a staff pep talk that shifts in tone as she addresses some employees’ “not-so-nice” questions about staying motivated if bonuses aren’t paid this year.

☆ These CEOs offer a master class in how to not read the room
▼ + stars: | 2023-04-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Just this week, there have been two high-profile face-plants by company leaders who ostensibly wanted to inspire their staffs and wound up doing…the opposite of that. In a statement to CNN, Clearlink declined to address Clarke’s remarks in the video, though the company did not challenge its authenticity. And who could forget Better.com’s CEO laying off 900 people over Zoom? But I’d propose a simple mantra for executives when weighing in on unpopular topics like returning to the office or laying people off. (OK, most nights — we believe in a four-day work week around here.)

☆ CEO who went viral for 'pity city' comment on bonuses apologizes to staff: 'I feel terrible that my rallying cry seemed insensitive'
▼ + stars: | 2023-04-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

MillerKnoll CEO Andrea Owen apologized to staff for comments that "seemed insensitive." In a companywide email, Owen said her comments on bonuses "landed in a way that I did not intend." Andrea Owen, the CEO of furniture company MillerKnoll, apologized to staff in a companywide email after a video of her responding to employee questions about staying motivated while potentially losing their bonuses went viral. "I want to be transparent and empathetic, and as I continue to reflect on this instance, I feel terrible that my rallying cry seemed insensitive," Owen said in an email to staff. I want to be transparent and empathetic, and as I continue to reflect on this instance, I feel terrible that my rallying cry seemed insensitive.

☆ CEO apologizes after ‘pity city’ speech backfires
▼ + stars: | 2023-04-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —The CEO whose “pity city” speech backfired spectacularly is now apologizing to her employees. “I feel terrible that my rallying cry seemed insensitive,” wrote Andi Owen, chief executive of office furniture giant MillerKnoll, in an email to staff Tuesday. “Don’t ask about ‘what are we going to do if we don’t get a bonus?’ Get the damn $26 million,” she said, citing an internal metric. Can I get some commitment for that?”She continued: “I had an old boss who said to me one time, ‘you can visit pity city but you can’t live there.’ So people: Leave pity city. The median employee income at MillerKnoll, the company behind sleek office furniture brands such as Herman Miller and Design Within Reach, was $44,810.

☆ MillerKnoll CEO Sparks Viral Outrage After Telling Staff to ‘Leave Pity City’
▼ + stars: | 2023-04-19 | by ( Joseph Pisani | Vanessa Fuhrmans | ) www.wsj.com time to read: 1 min

Andi Owen has run the company since 2018. Photo: Sylvia Jarrus for The Wall Street JournalThe chief executive of furniture company MillerKnoll Inc. is facing backlash after a video of her telling staffers worried about not getting a bonus to “leave pity city” went viral. “Questions came through about how can we stay motivated if we’re not going to get a bonus,” CEO Andi Owen said in a brief video shared on social media, adding that some of the questions were “not so nice.”

☆ 'Quiet rooms' are being built by companies to help employees relax and decompress on the clock
▼ + stars: | 2023-04-19 | by ( Bethany Biron | ) www.businessinsider.com time to read: +2 min

Offices are increasingly adding designated "quiet rooms" for employees to recharge, WSJ reported. Companies like Adobe now have a craft room and private music rooms for staffers. The spaces are the next evolution of the nap and meditation rooms made popular by tech companies like Google. Now, workplaces are installing "quiet rooms" designed to help staffers cope with over-stimulation from open offices in today's post-pandemic workplaces. In an effort to better prioritize the mental health of employees, a growing number of companies are creating places for employees to relax and recharge, the Wall Street Journal reported.

☆ MillerKnoll boss tells staff who are worried about bonuses to 'leave Pity City'
▼ + stars: | 2023-04-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —One boss is learning the hard way how a pep talk can quickly go off the rails. Andi Owen, CEO of office furniture company MillerKnoll, was asked in a recent video town hall about how workers should stay motivated if they don’t get a bonus. Owen went on to admonish her staff to “leave Pity City,” when it comes to fretting about bonuses. Can I get some commitment for that?”She continued: “I had an old boss who said to me one time, ‘you can visit Pity City but you can’t live there.’ So people: Leave Pity City. MillerKnoll has not yet decided bonus payouts for staff, including Owen, as its fiscal year ends in May.

☆ Stocks making the biggest moves after hours: Steelcase, Coinbase, KB Home and more
▼ + stars: | 2023-03-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Steelcase — Shares of the office furniture company jumped nearly 6% on Wednesday evening following a strong earnings report for its most recent quarter. Both adjusted earnings per share and revenue were higher than analysts estimated, according to FactSet. The company posted stronger-than-expected adjusted earnings per share for the most recent quarter. KB Home posted earnings of $1.45 per share on revenue of $1.38 billion for its fiscal first quarter. Analysts were calling for earnings of $1.15 per share on revenue of $1.31 billion, according to Refinitiv.

☆ These are our two preferred scenarios for the Fed's big March meeting next week
▼ + stars: | 2023-03-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Two things will capture all the market's attention in the coming week: The Federal Reserve's March meeting and the government's ongoing attempt to quell worries about the banking system. If it raises, Powell should speak softly; no raise and Powell should strongly remind the market that the work isn't done. Still, for the week, U.S. stocks fared better, with the S & P 500 rising 1.5% and the Nasdaq gaining 4.5%. On Thursday, initial jobless claims for the week ended March 11 came in at 192,000, a decrease of 20,000 from the prior week and below the expected 205,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves premarket: CarMax, Micron, Under Armour and others
▼ + stars: | 2022-12-22 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:CarMax (KMX) – The auto retailer's stock slumped 12.7% in the premarket after its quarterly profit and revenue fell well short of estimates. Micron Technology (MU) – Micron shares fell 2.9% in premarket trading after the chip maker reported a wider-than-expected quarterly loss and revenue that fell short of Wall Street forecasts. Tyson fell 1% in premarket action. Global Business Travel Group (GBTG) – The American Express spin-off was rated outperform in new coverage at Evercore ISI, which expects the business travel platform to benefit from its leading position in the industry and from a rebound in business travel recovery. Global Business Travel Group rose 1.6% in premarket trading.

☆ Stocks making the biggest moves midday: AMC Entertainment, Tesla, Micron, Under Armour and more
▼ + stars: | 2022-12-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla — Shares fell more than 9% during Thursday trading. Analysts expected earnings of 70 cents a share on $7.29 billion in revenue. Under Armour — Shares fell more than 4% Thursday. TuSimple — Shares dropped more than 12% after TuSimple said it would cut 25% of its workforce, which would affect about 350 employees at the self-driving truck startup. Airline stocks — A slew of airline stocks fell Thursday amid news of hundreds of flight cancellations as a massive winter storm hit the U.S. American and United slumped 5.5% and 4%, respectively.

☆ Stocks making the biggest moves after hours: Under Armour, Micron Technology and more
▼ + stars: | 2022-12-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines after the bell:Micron Technology — The semiconductor stock slumped about 2% in after-hours trading after earnings and revenue for its fiscal first quarter fell short of Wall Street's expectations. Micron Technology also said it expects a wider-than-expected adjusted loss of 62 cents a share for the current period. Under Armour — Under Armour's stock seesawed in extended trading following news that Marriott International President Stephanie Linnartz will join the athletics apparel company as its next CEO. MillerKnoll — MillerKnoll's stock jumped 6% in extended trading after the office furniture maker beat top and bottom line estimates for its fiscal second quarter. Guidance for the current quarter fell roughly in line with expectations from analysts surveyed by StreetAccount.

☆ Markets close out the week lower, as investors brace themselves for more rate hikes next year
▼ + stars: | 2022-12-16 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

But what irked markets was Fed Chair Jerome Powell's indication the Fed could continue to raise rates for longer to bring inflation under control. The S & P 500 lost around 2.25% for the week, closing out Friday down more than 1%. Under the hood, the consumer discretionary sector led to the downside this week, followed by financials and technology. Initial jobless claims for the week ending Dec. 10 came in at 211,000, a decrease of 20,000 from the prior week and below expectations of 232,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more
▼ + stars: | 2022-09-29 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

CarMax (KMX) – CarMax shares slumped 12.1% in premarket trading after the auto retailer missed estimates on both the top and bottom lines for its latest quarter. Bed Bath & Beyond (BBBY) – The housewares retailer posted a wider-than-expected quarterly loss and sales that fell short of consensus. MillerKnoll (MLKN) – MillerKnoll fell 7.3% in the premarket after its quarterly profit beat analyst estimates, although revenue fell short. Jefferies Financial (JEF) – Jefferies shares rose 1.6% in premarket action after posting a better-than-expected quarterly profit. The purchases came after Occidental shares lost about 20% of their value in less than a month.

Stocks took a beating this week as the Federal Reserve raised interest rates by another 75 basis points, the third consecutive hike of that magnitude. It wasn't the rate move — which was anticipated by the market — but Fed Chair Jerome Powell's hawkish comments on Wednesday that hurt stocks. It was the fifth losing week out of the last six for all the major stock averages, capped by another painful drop on Friday. Also Wednesday, the Federal Reserve raised the federal funds rate by another 75 basis points while maintaining its hawkish tone. ET: Personal Spending and Income (See here for a full list of the stocks in Jim Cramer's Charitable Trust is long.)

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