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☆ 3 money mistakes even accounting professionals make, according to a personal finance expert who worked at EY and PwC
▼ + stars: | 2024-09-17 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I started my career as a solicitor and worked at PwC as part of their legal team in the UK. From my early days at PwC, I felt Big Four businesses operate super efficiently and do fantastic work. We work with organizations to support their early career talent, providing them with training on navigating uncertainties around personal financial literacy and how businesses work. When you're working at Big Four companies, there are all sorts of rules and regulations about the types of investments you're allowed to make because of audit restrictions. I recommend that early career professionals talk to their peers about what works for them from a personal finance position.

Persons: —, Carla Hoppe, I've, who've, overspending, PwC, I'd, isn't, Gen Zers Organizations: Service, Big, Business, EY Locations: PwC

☆ An 'AI apocalypse' is coming to investing. How financial advisors can prepare
▼ + stars: | 2024-09-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to get onboard or risk being left behind. Of course, financial advisors have been using some technology, like financial planning software, for years. Still, AI will help financial advisors do their jobs better — not necessarily put them out of work. What to do Nexus Strategy's Welsh believes financial advisors should begin getting comfortable with current AI capabilities.

Persons: Craig Iskowitz, Anthropic's Claude, Vincent Gudsdorf, Leo Kelly, Verdence, Kelly, Timothy Welsh, Welsh, Iskowitz, That's, Verdence's Kelly, It's Organizations: Ezra Group, AIs

☆ Elon Musk has made a nasty mess for X, but it may not matter all that much to him
▼ + stars: | 2024-09-17 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

X owner Elon Musk, who has endorsed Trump, replied, "And no one is even trying to assassinate Biden/Kamala." Related stories"I don't think this is much more than just confirmation that X is not a place for brands. This year, advertisers slashed their X marketing budgets ahead of major events like the Super Bowl. Musk is still the richest person in the world, with a net worth of about $250 billion, per Bloomberg. AdvertisementSo X may suffer, but Musk will probably come out alright.

Persons: —, Donald Trump, Elon Musk, Trump, Biden, Kamala, Tucker Carlson, Brian Morrissey, Digiday, Brendan Gahan, Musk, Musk's, Gahan, bode, Morrissey, he's, haven't, outrageousness, Eric Dezenhall Organizations: Service, Business, LinkedIn, Authority, Disney, Apple, Walmart, Cannes, Street Journal, Twitter, Bloomberg, Dezenhall Resources Locations: South Africa

☆ My family of 4 spent $330 at Shula's Steak House. Our meal was so great that I hope this small chain expands across the US.
▼ + stars: | 2024-09-17 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

My family of four had dinner at Shula's Steak House, a chain with a location at Disney World. Go to newsletter preferences Thanks for signing up! AdvertisementOn a recent trip to Disney World, my family and I decided we'd try a new restaurant — Shula's Steak House. The steak house, which is owned by Shula's Restaurant Group, is named after former Miami Dolphins coach Don Shula. The chain aims to carry on Shula's legacy, so each location has a loose football theme.

Persons: mignon, crème, —, we'd, Don Shula Organizations: Disney, Service, Daily, Shula's Restaurant, Miami Dolphins, Business Locations: America, Florida, Chicago, Houston, Richmond , Virginia

☆ Infosys chair on the AI boom and the future of jobs
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInfosys chair on the AI boom and the future of jobsNandan Nilekani, chair of Infosys, discusses artificial intelligence, calling it "one of the most profound transformations happening in the world."

Persons: Nandan Nilekani Organizations: Infosys

☆ Jim Cramer says AI's real enterprise value lies in customer service
▼ + stars: | 2024-09-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday pinpointed why he thinks artificial intelligence is useful across the business world, saying its value stems from customer service potential across industries. Cramer gave examples of how AI customer service capabilities could change workflows in several fields, including retail, food service, law and health care. He suggested AI agents could answer patients' questions and free up doctors' time to engage in other pursuits. "AI makes things go faster — everything. It makes things more rational — everything," he said.

Persons: CNBC's Jim Cramer, Cramer, hasn't

☆ If you answer 'always' to these 7 questions, you’re more resilient than most
▼ + stars: | 2024-09-17 | by ( Scott Mautz | In Scottmautz | ) www.cnbc.com time to read: +5 min

Here's a mini-assessment focused on fortitude: If you can answer "always" to these seven questions, you're already more resilient than most. For example, during COVID, I saw a microbrewery turn a major setback (having to temporarily close) into an opportunity to have their employees spend time in the community on a variety of volunteer projects. The most resilient leaders I've worked for all shared one superpower: the ability to balance reality and hope. But highly resilient people concentrate on what they still have to be thankful for when setbacks arise. It means compartmentalizing any truly negative effect so it doesn't bleed over into other parts of your job or life.

Persons: I've, we've, you've

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ A 27-year-old who runs a 7-figure sneaker business made a costly mistake with fake Yeezys. It taught her an invaluable lesson about reselling.
▼ + stars: | 2024-09-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +3 min

Before Val Zapata built a seven-figure reselling business, she almost lost it all. "I got caught early in the game with like 50 pairs of fake Yeezys that I had to swallow," the 27-year-old entrepreneur told Business Insider. For the rest of the pairs, "I'm like, 'I don't want to run them all. About four weeks after the sale, the buyer attends Sneaker Con and learns that the slides are, in fact, not authentic. The $2,500 lesson reinforced the importance of trusting but verifying, especially if you're buying from a seller you've never worked with.

Persons: Val Zapata, Zapata, Sneaker Con, I'm Organizations: Service, Business, Sneaker Locations: Colombia

☆ Instagram is rolling out Teen Accounts by default. It's about time.
▼ + stars: | 2024-09-17 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Read previewTeenagers across the world will experience something slightly different when they open Instagram over the next few weeks: Meta will now designate users under 18 as "Teen Accounts" — by default. The teen settings will automatically apply to newly made accounts and existing ones. Teen Accounts will have "Sleep Mode" enabled by default. For younger teens, parents can see who their children direct message with — but won't be able to read their DMs. Accounts of 16- and 17-year-olds will automatically default to Teen Accounts, but they'll be able to change the settings on their own (unless a parent has already signed onto parental controls).

Persons: —, Nick Clegg, hasn't, Clegg, we've, it's, they'll, Adam Mosseri, Meta Organizations: Service, Business, Meta, Facebook, Apple, Google, US

☆ Microsoft says Russian operatives are ramping up attacks on Harris campaign with fake videos
▼ + stars: | 2024-09-17 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —Microsoft said Tuesday that Russian operatives have in recent weeks intensified their online attacks on Vice President Kamala Harris’ campaign by producing and disseminating videos promoting “outlandish conspiracy theories” aimed at stoking US racial and political divisions. One of the inauthentic videos, which Microsoft said had been viewed millions of times, claimed to show Harris supporters attacking an attendee of a Donald Trump rally. Russian operatives promoted the latter story through a website pretending to be a local San Francisco media outlet, Microsoft researchers said. CNN has requested comment on the Microsoft report from the Harris-Walz campaign and from the Russian Embassy in Washington, DC. Tehran has conducted a covert social media activity in an effort to undercut Trump’s candidacy, US officials have said.

Persons: Kamala Harris ’, Harris, Donald Trump, denigrate, ”, haven’t, Joe Biden, Hillary Clinton, Walz, ‘, Biden, “, ” Clint Watts Organizations: CNN, Microsoft, Russian, Ukraine, National Intelligence, Russian Embassy, Democratic, The, Department, Justice Department, Tenet Media, Monday, Trump, FBI Locations: San Francisco, Russia, Moscow, Russian, Washington , DC, Iran, Tehran

☆ Jet: The forgotten gemstone that reigned during the Victorian era comes back into focus
▼ + stars: | 2024-09-17 | by ( Emili Vesilind | ) edition.cnn.com time to read: +8 min

And these designers aren’t using just any old jet — they’re purposefully picking Whitby jet, which is widely considered the gold standard of jewelry-ready jet. And “Whitby jet is definitely in the running for the best jet in the world,” explained Steele, who also co-owns Ebor Jetworks, an historic jet workshop and retail shop in the town. Whitby jet is renowned for being pitch-black in color and tough in temperament. Generally speaking, Whitby jet won’t crack or fade over time, like less hearty, no-name jets are wont to do. “There’s not enough jet out there and you can’t buy big pieces of jet” said Steele.

Persons: Queen Victoria, Prince Albert, Victoria's, ”, Sarah Steele, “, ” Steele, “ We’re, Steele, Natasha Wightman's, Tessa Trager Sussex, Natasha Wightman, Rei Kawakubo, Adrian Joffe, Graham Heeley, Ian Fowler, Wightman, Great Britain …, ” Jacqueline Cullen, wasn’t, Jacqueline Cullen, Cullen, he’s, who’ve, John Galliano, Schiaparelli’s Daniel Roseberry, Mary , Queen of, Holly Mazour, it’s, “ There’s Organizations: CNN, Vikings, Deutsch, ”, Whitby, “ Ravens, Central Saint Martins, Blend, Derbyshire Locations: Venezuela, Spain, France, American, Whitby, North Yorkshire, England, Dover, Great Britain, ateliers, London, hunks

☆ A push toward sustainable jet fuel is leaving investors with unanswered questions
▼ + stars: | 2024-09-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesThe aviation industry still sees so-called "sustainable aviation fuel" (SAF) as the only viable way to meet its decarbonization targets, even as opposition and the potential for higher costs for passengers pose obstacles to the fast-growing sector. SAF is a broad term describing fuel that is burned by an aircraft engine, but instead of using kerosene is derived from more sustainable sources. The planemaker said it is collaborating with producer HIF Global on the development of methane-based fuels, and investing in alcohol-to-jet fuel producer LanzaJet. But IATA's own forecast for SAF production to triple in 2024 to 1.9 billion liters would cover just 0.53% of aviation fuel demand for the year. "The truth is, it's going to be more expensive, you can't really sugarcoat that," said HIF Global's Clara Bowman.

Persons: Neste, HIF, Buzz, Lauren Riley, Riley, Rick Nagel, You've, Clara Bowman, Bowman, United's Lauren Riley, HIF Global's Clara Bowman Organizations: SAF, Bloomberg, Getty, United Airlines, Chicago O'Hare International, Labour, Airbus, Farnborough Air, CNBC, International Air Transport Association, Acorn Capital Management, Porsche, HIF, Union's Renewable Energy Directive, Biden, Boeing, Google, Embraer Locations: Singapore, Chile, Texas, U.S, America

☆ Trump family unveils new details of their DeFi crypto platform 'World Liberty Financial'
▼ + stars: | 2024-09-17 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump family unveils new details of their DeFi crypto platform 'World Liberty Financial'CNBC's MacKenzie Sigalos reports on the launch event for the Trump family's new crypto platform, World Liberty Financial.

Persons: CNBC's MacKenzie Sigalos Organizations: Liberty, Trump, Liberty Financial

☆ A Brazilian mayoral candidate attacked his opponent with a chair mid-debate
▼ + stars: | 2024-09-17 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

Read previewA Brazilian mayoral candidate smashed a chair into his opponent during a live debate on Sunday. This story is available exclusively to Business Insider subscribers. "Pablo Marçal was cowardly attacked by José Luiz Datena, who hit him in the ribs with an iron chair," a spokesperson for Marçal told the outlet. He could grow in the polls," Andre Cesar, a consultant and political analyst at Hold Assessoria Legislativa consultancy, told NBC. AdvertisementBoth candidates did not immediately respond to a request by Business Insider for comment.

Persons: —, José Luiz Datena, Pablo Marçal, São Paulo, Datena, Marçal, Donald Trump, Ricardo Nunes, Guilherme Boulos, Andre Cesar Organizations: Service, TV Cultura, CNN, NBC, Washington Post, Business, Cultura, New York Times, Libanês Hospital, The Washington Post Locations: São

Dreamers are voicing their disappointment with Nicky Jam after the reggaeton singer endorsed former President Donald Trump last week. "Fast forward to now where it seems Nicky Jam used me to promote his music + sellout our community. At the rally, Trump said: “Latin music superstar Nicky Jam, do you know Nicky? "Nearly half of DACA recipients are now married, and 50% of them have a child," Sollod said. "DACA is not just about the DACA recipients; it's about the ripple effect that would be caused if the program were to end."

Persons: Nicky Jam, Donald Trump, didn’t, Adrian Escárate, Trump, Escárate, Juan Escalante, “ Nicky Jam’s, Jam, Nicky, It's, ”, Maná, Astrid Silva, Jam's Trump, Silva, DACA, Bruna Sollod, Sollod Organizations: Spotify, DACA, National Immigration Law, Trump, Let's, Republican, United, NBC Locations: Las Vegas, Puerto Rican, Mexican, Spanish, Nevada, Texas, U.S

The deal, if approved, would put six fashion brands under a single company: Tapestry’s Coach, Kate Spade and Stuart Weitzman, with Capri’s Versace, Jimmy Choo and Michael Kors. Yet, in his remarks, Kors described how even legacy brands like his own can struggle and lose shoppers’ interest. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. In its most-recent fiscal quarter that ended in late June, Michael Kors’ revenue dropped 14.2% on a reported basis or 13.3% on a constant currency basis compared to the year-ago period. Gennette, who retired early this year, said the department store’s sales got hit because it leaned too heavily on Michael Kors’ brand.

Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, you’ll, we’ve, ”, Jeff Gennette, Michael Kors ’ Organizations: Federal Trade Commission, FTC, Tapestry Locations: Manhattan, Capri

Amazon is requiring its workers to return to the office full time. He noted that the company's three-day-a-week policy, instituted in 2023, had only reinforced the view that a full return was necessary. Amazon joins a growing list of major U.S. firms returning to a five-days-a-week office policy, including Boeing, JP Morgan Chase and UPS. However, according to data from FlexIndex, a firm that tracks company office policies, a majority of U.S. firms still offer hybrid arrangements. "As we have grown our teams as quickly and substantially as we have the last many years, we have understandably added a lot of managers," Jassy said.

Persons: Andy Jassy, Jeff Bezos, Jassy, JP Morgan Chase, it’s, ” Jassy, It’s Organizations: Amazon, Boeing, UPS Locations: FlexIndex, U.S

☆ Jane's Addiction cancels tour after Perry Farrell, Dave Navarro fight
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +15 min

The remainder of the reunion tour by the original lineup of Jane’s Addiction, the group’s first in 14 years, has been canceled. At that point, Farrell was seen throwing a punch at Navarro, though it wasn’t clear from the footage whether it really landed. While Dave was keeping Perry at arm’s length to de-escalate the situation, Dan rushed over to de-escalate as well by holding Perry back. Farrell sang well, Perkins crushed it behind the kit, Navarro shredded and Avery anchored the band with his steady work on bass. … However, when it came to singing the songs, Farrell nailed most of them.”The tour by Jane’s Addiction was a co-headlining one shared with another veteran ’80s/’90s band, Love & Rockets.

Persons: Dave Navarro, Perry Farrell‘s, Farrell, ”, Navarro, Eric Avery, “, Perry Farrell, ” Navarro, Dave, Eric, Stephen, Perkins, Etty Lau Farrell, Avery, who’ve, —, hasn’t, Avery overreacted, Etty, Perry, cussing, ” Etty, Dan, Kevin, Eric nonchalant, “ Dave, “ Farrell, ” Farrell, JamBase, ’, Jane’s Organizations: Live Nation, Rockets, YouTube, Boston’s, Bank, Tampa, “, Jane’s, Hartford Healthcare, WI, Huntsville, South Star, UT, Sandy, WA, Veterans Memorial, Sierra, Sun, San Francisco , CA Locations: Bridgeport , Toronto, Rochester Hills, Milwaukee, Chicago, Indianapolis, Huntsville, St, Louis, Denver, Sandy, Seattle, Portland, Reno, San Francisco, Los Angeles, L.A, Connecticut, Boston, upstage, Florida, New York City, New York, Las Vegas, Bridgeport, CT, Hartford, Toronto, MI, White, — Reno, San Francisco ,, Los Angeles ,

KYIV, Ukraine — The shots fired by the Secret Service near former President Donald Trump at a Florida golf course Sunday are ringing out 5,000 miles away — in the Russia-Ukraine war. After what officials called the second assassination attempt on Trump in three months, a man named Ryan Wesley Routh, 58, was taken into custody and charged. Routh had already been extensively profiled in the Western media as an ardent supporter of Ukraine in its fight against Russia’s ongoing invasion. Ukraine sought Monday to distance itself from Routh, with the country’s international legion — the military unit that includes foreign volunteers — saying it had nothing to do with him. “We would like to clarify that Ryan Wesley Routh has never been part of, associated with, or linked to the International Legion in any capacity.

Persons: Donald Trump, Ryan Wesley Routh, Routh, Kamala Harris, Joe Biden’s, Volodymyr Zelenskyy, ” Dmitry Medvedev, Russia’s, Dmitry Peskov, ”, Kathleen Shaffer, “, Trump, Sen, Bernie Sanders, Tulsi Gabbard, Biden “, Putin, Kim Jong Un, Banner, Daryna Mayer, Alex Smith, Caroline Radnofsky Organizations: Service, Trump, NBC, Kyiv, Democratic, GOP, Nazi, Security, U.S, ”, International Volunteer Center, Facebook, Moscow, AFP, Getty, Ukraine’s International, NBC News, International Legion, Armed Forces, Russia Locations: KYIV, Ukraine, Florida, Russia, United States, Kyiv, U.S, Moscow, Kiev, Ukrainian, Hawaii, Kyiv’s Maidan, London

Ryan Wesley Routh, 58, was pulled over and taken into custody without incident by a Martin County Sheriff’s traffic unit on Interstate 95, authorities said. Ryan Wesley Routh following his arrest in Martin County, Fla., on Sunday. Martin County Sheriff's Office via AFP - Getty ImagesWhat kind of weapons were involved? A representative of the International Legion told NBC News on Monday that Routh never served in that fighting force. Routh said in 2020 he had backed candidate Trump in the past, but expressed his disappointment with the Trump presidency.

Persons: Donald Trump, what's, Trump, Ric Bradshaw, wasn't, Ryan Wesley Routh, Bradshaw, Routh, Ryan Routh, Valentyn Ogirenko, Tulsi Gabbard, Joe Biden, Vladimir Putin, Biden, Kamala Harris, Bernie Sanders, Joe, hillary Organizations: Service, Secret Service, Nissan, AFP, Getty, Ukraine, Newsweek Romania, International Legion, Defense, NBC, Reuters, Trump, Gabbard, Democratic, Greensboro News Locations: Palm Beach, Martin County, Fla, Ukraine, Kyiv, Mariupol, Vermont, North Carolina, Greensboro , North Carolina

The Titan submersible plunged thousands of feet down the forbidding depths of the North Atlantic Ocean in search of the Titanic wreck site when it imploded, killing all five on board. OceanGate came under heavy scrutiny as a result of the disaster — an almost unheard-of occurrence in the submersible industry. But after the Titan didn’t return at its scheduled time, the Polar Prince contacted the Coast Guard. The suit remains ongoing, and a former OceanGate engineering director, Tony Nissen, named as a defendant, is expected to appear Monday at the Coast Guard hearing. “The Titan submersible did not just go down with its inventor — it went down with paying passengers.”

Persons: —, Guillermo Söhnlein, Jason Neubauer, OceanGate, “, voyagers, Polar Prince, Paul, Henri Nargeolet, Hamish Harding, Shahzada Dawood, Suleman, Rush, “ Stockton, I’d, ” Söhnlein, David Lochridge, Lochridge, ” OceanGate, Nargeolet, Tony Nissen, Neubauer, Peter Girguis, there’s, ” Girguis Organizations: Coast Guard, Marine Board, OceanGate, Marine Board of, Department of Justice, Polar, Stockton Rush, Associated Press, Harvard University, Oceanographic Locations: Canada’s, French, North Charleston , South Carolina, Washington, U.S

MAINZ, Germany — Police are investigating after an explosion rocked central Cologne in western Germany on Monday. The explosion took place in the entrance way of the Vanity nightclub in the Hohenzollernring area, known as a main entertainment district of Cologne, at around 5.50 a.m. local time, a police spokesman told NBC News. Several glass windows apparently burst in the explosion “and could have likely harmed more people, if the explosion had occurred at a later time,” the spokesman said. Local authorities said in a post on X on Monday that a "major" police operation was underway as they urged residents to avoid the Hohenzollernring area. Police told NBC News that the area is under CCTV surveillance and that the footage will be part of the ongoing investigation.

Persons: Andy Eckardt, Chantal Da Silva Organizations: Germany — Police, NBC News, Police Locations: MAINZ, Germany, Cologne, Mainz, London

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin retreats to $57,000 after weekend rally: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World's Tanaya Macheel speaks with stakeholders in Wyoming as the state develops its own stable token. She finds out how it would work and how it will handle reserves.

Persons: explainers, Crypto, Tanaya Macheel Organizations: CNBC Crypto, CNBC Locations: Wyoming

☆ In federal trial, Michael Kors says it's harder to sell handbags in TikTok and Taylor Swift era
▼ + stars: | 2024-09-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Designer Michael Kors poses backstage before the Michael Kors Collection Fall 2017 runway show at Spring Studios in New York City on Feb. 15, 2017. The deal, if approved, would put six fashion brands under a single company: Tapestry's Coach, Kate Spade and Stuart Weitzman, with Capri's Versace, Jimmy Choo and Michael Kors. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. Gennette, who retired early this year, said the department store's sales got hit because it leaned too heavily on Michael Kors' brand. He said the markdown of Michael Kors' handbags contributed to "a bad spiral Macy's was living through when I was there."

Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, we've, Jeff Gennette Organizations: Spring Studios, Federal Trade Commission, FTC, Tapestry Locations: New York City, Manhattan, Capri

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