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☆ Rent the Runway is now selling secondhand luxury clothes on Amazon from 35 designers including Tory Burch and Kate Spade.
▼ + stars: | 2023-01-12 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Rent the Runway is now selling secondhand luxury goods on Amazon. Rent the Runway CEO Jenn Hyman said the collaboration will foster "incredible brand awareness." As part of a collaboration with Amazon Fashion, the rental company is offering lightly worn styles from more than 35 brands, including Diane Von Furstenberg, Tory Burch, and Kate Spade. The partnership also will feature items from the RTR Design Collective, clothes from emerging designers sold exclusively for Rent the Runway, the company announced on Thursday. The Amazon collaboration will join existing resale retail partnerships Rent the Runway currently has with Saks Off Fifth and ThredUp.

☆ December's jobs report fuels optimism that the economy could still pull off a soft landing
▼ + stars: | 2023-01-06 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Mike Blake | ReutersDecember's strong job growth combined with slowing wage inflation is fueling optimism that the economy might just see a soft landing. According to the Bureau of Labor Statistics, the economy added 223,000 jobs in the final month of 2022, less than the 256,000 in November. Mark Zandi, chief economist at Moody's Analytics, said the report is encouraging and confirms his expectation that there will be a soft landing for the economy. While many economists expect a recession, Zandi points to strong growth even with a slowdown in the housing sector. Zandi notes wage growth is a full percentage point slower than when it peaked in the spring.

☆ Fed pause in 2023 will ignite 'risk on' behavior in stocks, says Art Hogan
▼ + stars: | 2023-01-04 | 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 EmailFed pause in 2023 will ignite 'risk on' behavior in stocks, says Art HoganArt Hogan, chief market strategist at B. Riley Wealth Management, joins CNBC's "Power Lunch" to discuss his outlook on the market and the Fed's fight again inflation.

☆ Gold surges to 6-month high, and analysts expect new records in 2023
▼ + stars: | 2023-01-03 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Denis Balibouse | ReutersLONDON — The price of gold notched a six-month high early on Tuesday, and analysts believe the rally has further to go in 2023. Looking ahead, Hansen suggested the key events for gold prices would be Wednesday's minutes from the latest U.S. Federal Reserve meeting and Friday's U.S. jobs report. A full dovish pivot by central banks this year would likely have major implications for gold prices, according to strategists. "It is our opinion that central banks will pivot on their rate hikes and become dovish during 2023, which will ignite an explosive move for gold for years to come. We therefore believe gold will end 2023 at least 20% higher, and we also see miners outperforming gold with a factor of two."

☆ Brazil's Haddad vows to 'restore' public accounts in first speech as finance minister
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Jan 2 (Reuters) - Brazil's new Finance Minister Fernando Haddad said on Monday he would propose a new fiscal anchor in the first half of this year as the administration of leftist President Luiz Inacio Lula da Silva works to "restore" public accounts. In his first speech in office, Haddad said the government would not accept the "absurd" 220-billion-real ($41.19 billion) primary deficit forecast in this year's budget, indicating it will work to reduce it. Haddad did not mention Lula's decision the day before to extend a costly tax exemption on fuels. Prior to taking office, Haddad had stated that the measure - which has an annual impact of 52.9 billion reais - would not be extended. According to Haddad, the government will seek to democratize access to credit and establish a more transparent, "fairer and simpler" tax system.

WASHINGTON, Dec 29 (Reuters) - The U.S. government on Thursday filed a lawsuit accusing AmerisourceBergen Corp (ABC.N), one of the nation's largest drug distributors, of helping ignite the nation's deadly opioid epidemic by failing to report hundreds of thousands of suspicious orders of prescription painkillers. The government said AmerisourceBergen had since 2014 systematically refused or negligently failed to flag suspicious orders by pharmacy customers when it had reason to know that opioids were being diverted to illegal channels. "For years, AmerisourceBergen prioritized profits over its legal obligations and over Americans' well-being," Associate Attorney General Vanita Gupta told reporters. In a statement, AmerisourceBergen called the lawsuit an improper attempt to "shift blame" and the burdens of law enforcement from the Justice Department and DEA to the companies they regulate. The Justice Department said AmerisourceBergen for years understaffed and unfunded programs designed to ensure compliance with the Controlled Substances Act.

☆ The 10 biggest losers in the S&P 500 this year have erased $1.6 trillion in market value
▼ + stars: | 2022-12-27 | by ( Carla Mozée | ) www.businessinsider.com time to read: +9 min

In a losing year for US stocks, here are the 10 biggest percentage decliners on the S&P 500. The 10 largest S&P 500 stock losers wiped out $1.6 trillion in market value. The 10 S&P 500 companies that have experienced the largest stock-price declines heading into the end of 2022 have wiped out a combined market value of more than $1.6 trillion. PayPalTicker: PYPLYTD Performance: -63.4%Market Value Decline: $142.49 billionLike many tech companies, the digital payments processor is seeing a slowdown after a pandemic boom. Photo by George Frey/Getty ImagesTicker: GNRCYTD Performance: -73.8%Market Value Decline: $16.6 billionMass COVID lockdowns helped sparked big demand for backup generators as people worked and studied at home.

Barbara Skrobol at the grave of her sister in law, Izabela Sajbor, in southern Poland last month. Under communism, Poland had been a destination for women seeking abortions from more conservative Western European countries where it had been illegal. The ruling worked: Almost overnight, the number of legal abortions in Poland decreased by 90%, according to abortion rights advocacy groups. Mo Abbas / NBC NewsLike women living in anti-abortion U.S. states, Poles can travel to seek an abortion. Beneath her sister-in-law’s name on her headstone, the family has etched the words “Not One More” — a slogan that’s been widely used by protesters and Poland’s abortion rights movement.

☆ Crypto will ignite the next financial crisis if it's not banned — just look at the FTX fiasco, India's central bank boss says
▼ + stars: | 2022-12-21 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

FTX's bankruptcy filing shows that crypto is a threat to the global financial system, according to Reserve Bank of India governor Shaktikanta Das. "Mark my words, the next financial crisis will come from private cryptocurrencies," he added. Reserve Bank of India governor Shaktikanta Das said Wednesday that digital assets lack any underlying value – and so they should be banned outright rather than regulated by governments. "They have no underlying value. Das's comments come as India assumes its presidency of the G20 – a group of countries including China, Russia, and the US.

☆ Why California’s 2022 Wildfire Season Was Unexpectedly Quiet
▼ + stars: | 2022-12-20 | by ( Elena Shao | ) www.nytimes.com time to read: +8 min

Maps of California show the perimeters of wildfire burns for every year between 2018 and 2022 (desktop version) or 2017 and 2022 (mobile version). The extent of acreage burned in 2022 is far less than what burned in 2021 and 2022, and looks more similar to what burned in 2019. 2018 2017 Camp fire 2022 2021 2020 McKinney fire 2020 was the state’s worst fire year on record. Wildfires have burned about 362,000 acres this year, compared to 2.5 million acres last year and a historic 4.3 million acres in 2020. Acres Burned by Wildfires in California A bar chart showing the total acres burned by California wildfires since 1987.

☆ Remote Workers Are Blowing the Whistle, Employees Exposing Companies
▼ + stars: | 2022-12-20 | by ( Britta Lokting | ) www.businessinsider.com time to read: +12 min

The Securities and Exchange Commission — which implemented a whistleblower program in 2011 and where Haugen and others have sent documents — has received a historic jump in complaints over the past few years. How remote work sparked a flood of whistleblowersAs the pandemic spread and workers retreated to their makeshift home offices, employees began to reconsider their relationship with work. MacGann, the Uber whistleblower, told Politico that it wasn't until the pandemic that he "had time on his hands" to really ponder his decision to come forward about the ride-hailing company's treatment of workers. Remote work, she explained, helps to remove some of those barriers to whistleblowing. In addition to the record-breaking number of tips, the SEC whistleblowing program awarded $229 million in 103 cases this year.

☆ Inside the largest mansion for sale in Malibu, going for $58.8 million
▼ + stars: | 2022-12-19 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

watch nowThis $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu. The hot neighborhood's top sale closed in October commanding just over $2,500 per square foot, according to public records, way above average for Malibu. After completing the Kaizen House, he listed it in March for $74.8 million — or more than $4,500 a square foot. Here's a look around the $58.8 million Kaizen House:The home's dramatic entrance delivers fire, water, and intricately carved Belgian bluestone walls Simon BerlynHalliday infused the mansion with Indonesian influences that are evident even before stepping inside. Simon BerlynPrimary suite Simon BerlynThe home's upper level includes six ensuite bedrooms, each with its own terrace.

☆ As Kuroda bows out, Bank of Japan's rising hawks eye end to unloved yield cap
▼ + stars: | 2022-12-16 | by ( Leika Kihara | ) www.reuters.com time to read: +12 min

PUBLIC DISCONTENTAfter a tumultuous year for the world's third-largest economy, Japan's central bank and its leadership face a critical moment. While ruling out the need to ditch the yield cap now, Takata recently said he saw positive developments in wage growth. "The BOJ must start worrying about the possibility of inflation accelerating more than expected," he told Reuters, adding the BOJ may abandon its yield cap as early as next year. Such a reaction was seen in March when the BOJ was forced to pledge unlimited bond buying to defend its yield cap from speculative market attacks. "That's why the BOJ won't provide advance signals and remove the yield cap in a single step."

☆ Cramer: Apple, Amazon, Microsoft and Google will fuel the next rally — but not in the usual way
▼ + stars: | 2022-12-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Those who fought this trend abandoned Twitter, hired bodyguards and tried to hide from the angry mob that was attempting to will stocks higher by savaging the sellers. As a result, they overran their brains and outsourced them to others who claimed to know more than they did. My point is this: The crypto con and the Robinhood dollar conflagration can't produce enough money to buoy stocks. We will hold Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL) and Amazon , even as we've trimmed them higher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

A lawsuit filed Monday in New York City alleges that Hollywood writer-director James Toback is a “serial sexual predator” who targeted and abused dozens of women over decades while often saying he wanted to cast them in his films. The Harvard Club of New York City, where the suit alleges Toback "lured" several of the women, is also named as a defendant. In some cases cited in the suit, Toback allegedly blocked women from escaping or chased them when they fled before sexually assaulting them. In several instances include in the suit, Toback allegedly masturbated in front of the women or on them, and penetrated them without their consent. The 89-page suit alleges assault, battery, false imprisonment, intentional infliction of emotional distress and negligence.

☆ DHS warns of domestic terror threats to LGBTQ, Jewish and migrant communities
▼ + stars: | 2022-11-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Julia-Ainsley-Circle-Byline-Template.Jpg | Julia Ainsley | ) www.nbcnews.com time to read: +2 min

In a terrorism advisory bulletin, the Department of Homeland Security on Wednesday raised concerns about potential threats to the LGBTQ, Jewish and migrant communities from violent extremists inside the United States. Americans motivated by violent ideologies pose a “persistent and lethal threat,” a senior DHS official told reporters in a briefing on the bulletin. The bulletin was the latest summary of national terrorism threats, a document that has been updated about every six months since the insurrection at the U.S. Capitol on Jan. 6, 2021. “Certainly the Jewish community seems particularly targeted in recent days by that kind of activity in our discourse,” the official said. The previous National Terrorism Advisory System bulletin issued by the DHS in June raised concerns about potential violence surrounding the November midterm elections.

☆ Messi dances night away after keeping World Cup storyline alive
▼ + stars: | 2022-11-27 | by ( Andrew Cawthorne | ) www.reuters.com time to read: +4 min

Though in truth they laboured in the first half against a mediocre Mexico team, they celebrated as if they had won the World Cup itself. After scoring the first goal against Mexico, his second of Argentina's three at the tournament, Messi charged towards fans screaming in joy. Many in fact show the two together, arm-in-arm or Maradona looking beatifically down on Messi from heaven. Should Messi go all the way, he will of course directly match Maradona, who led Argentina to a famous 1986 World Cup win including his famous "Hand of God" and best-ever tournament goals against England en route. Even Messi looked slow and made basic errors prior to scoring against Mexico and relaxing into the player everyone knows.

☆ Microsoft raised the bar for Windows PCs with its Surface computers, despite low share after a decade
▼ + stars: | 2022-11-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +14 min

In 2012, the Surface with Windows RT, later named Surface RT, was more than just a touchscreen slab like Apple's iPad. The inaugural Surface, the Surface RT running Windows RT, boasted clever physical attributes. Microsoft Surface with Windows 8 Pro Source: Microsoft.comIn 2013 Microsoft brought out the Surface RT's more expensive and more powerful sibling, the Surface Pro. He bought a Surface Pro 3 and then a Surface Pro 7. If someone buys the Surface Pro 7 for a good price, he'll upgrade to the Surface Pro 9, which has a larger display.

☆ Gucci's creative director Michele is exiting the brand - WWD
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

PARIS, Nov 23 (Reuters) - Creative director Alessandro Michele is leaving Italian fashion house Gucci, the biggest brand of French luxury group Kering (PRTP.PA), Women's Wear Daily (WWD) reported late on Tuesday. Well-placed sources here say that creative director Alessandro Michele is exiting the brand," WWD said in a report from MilanA statement was expected as early as Wednesday, it added. Both Kering and Gucci declined to comment the WWD report. Gucci has been successfully revamped with a bold new style since Michele took over the top creative role at Gucci in January 2015. Reporting by Dominique Vidalon, Silvia Aloisi and Piotr Lipinski; Editing by Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.

☆ 6 tips for navigating a tense Thanksgiving dinner, according to family therapist
▼ + stars: | 2022-11-22 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +4 min

Vienna Pharaon Family therapistFamilies also have a way of undermining any growth or changes you've made over the last year, which can be endlessly frustrating. If your family Thanksgiving feels more like a figurative cage match, there are ways to steady yourself before arriving and self-soothe at the dinner table. What's going to offer you the most amount of peace in this experience? Vienna Pharaon Family Therapist3. Set a boundary Call your family ahead of time and vocalize what exact topic you'd like to avoid, Stewart says.

☆ Microsoft wants to create more competition among game publishers, CEO Satya Nadella says
▼ + stars: | 2022-11-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

SeongJoon Cho | Bloomberg | Getty ImagesMicrosoft CEO Satya Nadella says the American tech giant wants to create more competition among game publishers, as it faces an anticompetition probe over its $69 billion offer to buy Activision Blizzard . Activision Blizzard, the American game publisher behind popular franchises such as Call of Duty, Warcraft, and Candy Crush, could boost Microsoft's mobile gaming presence where it is largely absent. Microsoft has largely been in the console and PC video game businesses, offering access to hundreds of games via their video game subscription services Xbox Game Pass and PC Game Pass. What can Microsoft uniquely do for gamers and game publishers? When asked about the next step if the Activision Blizzard deal doesn't happen, Nadella said: "We have been in gaming for decades.

☆ Microsoft's Satya Nadella says he is 'very, very bullish' on Asia, especially China and India
▼ + stars: | 2022-11-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Satya Nadella, chief executive officer of Microsoft Corp., during the company's Ignite Spotlight event in Seoul, South Korea, on Tuesday, Nov. 15, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesThe CEO of Microsoft says he is bullish about Asia, especially China and India, as Microsoft plans to build more data centers around the world. We're very, very bullish about what's happening in Asia," Satya Nadella, chairman and CEO of Microsoft, told CNBC's Tanvir Gill in an interview Thursday, adding that Microsoft is investing in at least 11 regions. Today, we primarily work to support multinational companies that operate in China and multinational companies out of China." "Microsoft's presence in India was about mostly multinational companies operating in India.

Drone Amplified, a Nebraska-based startup, is using unmanned aerial technology to improve one of the oldest and most-effective methods of preventing wildfires: prescribed burns. “Then you have helicopters with a whole crew on board, flying really low and slow over the fire,” he added of other methods for prescribed burns. The drones allow firefighters to work at a distance from flames, according to Detweiler, and in areas that are difficult to reach due to terrain or visibility. Precision is a critical element when conducting prescribed burns, because it is crucial for preventing fire escapes. Two recent controlled burns in New Mexico escaped and led to the state’s largest wildfire on record.

☆ The Visions of Octavia Butler
▼ + stars: | 2022-11-17 | by ( Lynell George | ) www.nytimes.com time to read: +27 min

As a science fiction writer, Butler forged a new path and envisioned bold possibilities. Mural with a portrait of Octavia Butler and her name, composed of dots of various densities in 3-D space. In 1995, she became the first science fiction writer to be awarded a MacArthur “genius” grant. “‘Kindred’ was a story of ordinary people trapped in fantastic circumstances,” Butler wrote in a 1988 notebook. Her point of view was one not traditionally found in science fiction and, simply by writing, she demanded a larger world.

The attack that killed six people on a busy Istanbul street on Sunday has brought national security back on the political agenda. With Turkey quick to accuse Syria-based Kurdish militants for the latest attack, analysts say Erdogan may now press for another cross-border campaign into northern Syria after three such incursions since 2016. Were Sunday's attack followed by more, Peker expected outcomes including a rapid escalation of "counter-terrorism operations, particularly against the PKK and the YPG". The YPG, espousing the same ideology as the PKK, has established control over swathes of northern Syria since war began there in 2011. In a November re-run - following that spate of violence and two major Islamic State bomb attacks - AK Party won comfortably.

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