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The president-elect’s previous selections for director of national intelligence, attorney general and defense secretary could change the country and the world in the long term. The US Department of Health and Human Services secretary has a massive platform and huge power to influence the information that Americans have and the choices they make. “I guess if you like health and you like people who live a long time, it is the most important position,” Trump said. Christina House/Los Angeles Times/Getty ImagesAnother health expert and former US Centers for Disease Control and Prevention acting director condemned the pick. The highly contagious disease is preventable with two doses of the measles vaccine that most Americans get as kids.
Persons: Donald Trump’s, Robert F, Kennedy Jr, , Kennedy, Trump’s MAGA, Kennedy’s ascendency, Bobby ’ Kennedy, ” Trump, Bobby, , Matt Gaetz, Trump, Pete Hegseth, Tulsi Gabbard, Bashar al, Assad, Carlos Barria, Jake Tapper, Indiana Sen, Jim Banks, Jake, Donald Trump, ” Banks, , ’ Kennedy, he’d “, Dr, Ashish Jha, Covid, CNN’s Wolf Blitzer, Jha, Christina House, Richard Besser . Besser, CNN’s Kaitlan Collins, kindergartners, Mandy Cohen, CNN’s Meg Tirrell, who’s, ” Cohen, Lex Fridman’s, CNN’s Kasie Hunt, don’t, , , won’t, Mitch McConnell — Organizations: CNN, National Institutes of Health, RFK Jr, Trump, US Department of Health, Human Services, Trump’s, Fox News, America, Reuters, Biden, Brown University’s School of Public Health, Republican, Democratic, “ RFK, Los Angeles Times, US Centers for Disease Control, World Health Organization, CDC, Milken, Health Summit, Trump Cabinet, Senate, FBI, GOP Locations: Lago, Florida, Palm Beach , Florida, Washington, Huntington Park , California
A number of catalysts could drive gains for Teladoc Health in the coming months, according to Goldman Sachs. Analyst David Roman initiated coverage on the name with a buy rating, and his price target of $14 implies 56.3% upside from Thursday's close. Looking ahead to next year, he anticipates that the virtual health care company's results will be driven by slightly better-than-expected top-line growth in its Integrated Care segment. But that didn't quite come to fruition as the pandemic eased with patients returning to in-person visits and larger health care players developing their own telehealth solutions. Among the 27 analysts covering it, only six in total have a strong buy or buy rating.
Persons: Goldman Sachs, David Roman, Roman Organizations: Teladoc Health
Ina Garten, Martha Stewart, and Ree Drummond all have recipes for baked mac and cheese. Stewart's recipe uses four kinds of cheese and yellow onion, while Garten's calls for tomato. I thought The Pioneer Woman's recipe, which used roasted butternut squash, was the most flavorful. AdvertisementCelebrity chefs Ina Garten, Martha Stewart, and Ree Drummond all have their own recipes for baked mac and cheese, so I decided to put them to the test. Related Video All the differences between KFC in Italy and the USHere's how to make each celebrity-chef-approved baked mac-and-cheese recipe.
Persons: Ina Garten, Martha Stewart, Ree Drummond, , Drummond's Organizations: Service, KFC Locations: Italy
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber. The money will be used to acquire 100,000 Nvidia chips, per sources familiar with the situation. Musk's AI startup, which he announced in July 2023, seeks to "understand the true nature of the universe," according to its website. Last November, X.AI released a chatbot called Grok, which the company said was modeled after "The Hitchhiker's Guide to the Galaxy."
Persons: Elon Musk, Donald Trump, CNBC's David Faber, Faber, Tesla, X.AI, OpenAI, Musk, Sam Altman, Google's Bard, Claude chatbot, Trump, Biden's Organizations: Republicans, Hyatt, Elon, Memphis, Google's Locations: Washington , DC
At 58 years old, Tyson will fight Jake Paul, the 27-year-old YouTube-star-turned-boxer who wasn’t even born when Tyson’s career was in its prime. It’s Tyson’s first sanctioned professional match since 2005. Lewis largely controlled the fight, as the champion survived Tyson’s round one onslaught and controlled the pace with strong jabs. The loss accelerated the end of Tyson’s professional career. His final professional bout — until Friday’s against Paul — came against McBride in 2005.
Persons: Mike Tyson, Tyson, Jake Paul, wasn’t, It’s Tyson’s, Kevin McBride, He’s, Evander, Mike ”, , , MIKE TYSON, JAKE PAUL, beckons, Mike ’, Hector Mercedes, Trevor Berbick —, Muhammad Ali —, Mike, ” Tyson’s, Jim Jacobs, Trevor Berbick, Tony Tucker, Michael Spinks, Buster Douglas, Douglas, Tucker, Spinks, Robin Givens, Evander Holyfield, Holyfield Tyson, Holyfield, Jeff Haynes, Francois Botha, Orlin Norris, Lou Savarese, Lennox Lewis, Lewis, Clifford Etienne, Paul —, McBride, ” Tyson, Paul J, Richards, Phil Collins ’ “, Zach Galifianakis, Alan, Roy Jones Jr, outlanding Jones, Paul, Nate Robinson, Friday’s Tyson, , Timothy A, Clary Organizations: T, NETFLIX, Netflix, netflix, WBA, WBC, IBF, MGM, Getty, XIV, , Texas Department Locations: Arlington , Texas, Albany, N.Y, Tokyo, Nevada, California, Miami, Los Angeles
If this year's closures are any indication — and if the economy worsens — they won't be alone. 2025 is still more than a month away, but it's already shaping up to be another rocky year for retail. Analysts at UBS project the total number of US retail closures could reach 45,000 over the next five years. For one thing, even healthy retailers like Walmart and Target periodically review and trim their store fleets in the normal course of business. In any event, the year hasn't even begun, but nearly 1,500 retail closures are slated — already roughly half the amount BI has tracked for full-year totals in recent years.
Persons: , Topping, Shane O'Kelly, Donald Trump's Organizations: Parts, Walgreens, UBS, Coresight Research, Walmart, Target, Blockbuster
Bloom Energy may be due for massive gains on the heels of its recent supply agreement with American Electric Power , according to Piper Sandler. Analyst Kashy Harrison upgraded the stock to overweight from neutral and raised his price target by $10 to $20. BE YTD mountain BE, year-to-date On Thursday, Bloom Energy announced that it reached an agreement with AEP to power artificial intelligence data centers and supply up to 1 gigawatt of its products. The company also said that AEP has ordered 100 megawatts of fuel cells, with more orders expected next year. "Given the endorsement of BE's technology from a large utility, agreements with other large players could materialize."
Persons: Piper Sandler, Kashy Harrison, it's, Harrison, Aman Joshi Organizations: Bloom Energy, American Electric Power, BE, AEP
If implemented, Americans could see prices rise across several product categories. AdvertisementBased on analyses from economists and trade experts, here are the goods that could become more expensive for Americans under Trump's tariff proposals. AdvertisementSome retailers have already announced preparations to increase prices should Trump's tariff plans go into effect. AdvertisementGold said it's unlikely Trump's tariffs would go into effect on day one or day two, and "it's tough to say right now at what point consumers would feel the impact." AdvertisementA report from centrist think tank ThirdWay said that Trump's tariff proposals analyzed eight common purchases that the US either heavily imports or is unable to produce domestically.
Persons: Donald Trump, Trump, , Mary Lovely, Lovely, There's, Joe Biden, Jonathan Gold, it's, Karoline Leavitt, Tim Boyle, Gold, Philip Daniele, Daniele, Shinji Aoyama, Henrik Elm, Elm, Taylor Rogers Organizations: Trade, Service, Peterson Institute for International Economics, Trump, Consumers, National Retail Federation, Retailers, Bank of America, Columbia, Washington Post, Electronics, Consumer Technology Association, CTA, Honda, General Motors, Ford, Inter Ikea —, Ikea, Reuters, NPR, International Trade Commission, Republican National Committee Locations: China, Mexico, Europe
Not really, but Balsam Hill makes the closest I've seen. It weighs 4 ounces and seemed to depress the Balsam Hill tree's branches more than other trees I tested, like the one from Puleo International. But it's the most realistic artificial tree I've seen. AdvertisementThe bottom lineFor an artificial tree, the Balsam Hill Fraser Fir manages to be convincingly real when lit. $899.99 from Balsam Hill Originally $1,299.99 Save 31%AdvertisementMore Balsam Hill trees to consider
Persons: Jenny McGrath, Fraser, It's, you've Organizations: Business, Black, Puleo Locations: Balsam Hills, Balsam, Fir
Shares of obesity drugmaker Eli Lilly fell more than 4% on Friday, extending a roughly 3% slide in Thursday's session. Ozempic is the posterchild of the fast-growing GLP-1 class, in which Novo Nordisk and Eli Lilly are currently the two dominant players. Bottom line Eli Lilly has been our favorite drug stock for years thanks to its stellar pipeline led by GLP-1s. But, at this point, Kennedy's nomination requires us to be more cautious on Eli Lilly in the near term. Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.
Persons: Eli Lilly, Donald Trump, Robert F, Kennedy Jr, Kentucky Sen, Rand Paul, Kennedy, Trump, Eli Lilly's, John F, Kennedy —, LLY, Eli Lilly's GLP, Jim Cramer, David Ricks, Lilly, It's, Jim, it's, Jim Cramer's, Cristina Arias Organizations: Republican, Department of Health, Human Services, HHS, and Drug Administration, Centers for Disease Control, Medicare, Medicaid, Senate, Democratic, GOP, Media, Novo Nordisk, Moderna, Pfizer, Deutsche Bank, GSK, White, CDC, Street Journal, GLP, Big Pharma, FDA, tirzepatide, CNBC, Company, Pharmaceutical Locations: Washington, Kentucky, Danish, U.S, Alcobendas, Madrid, Spain
The rise in India's income and wealth inequality is not a result of the poor getting poorer, Sumedha Dasgupta, senior analyst at the Economist Intelligence Unit (EIU) flags. India's income gap (which is the difference in wages earned between different demographic) comes alongside a worsening wealth divide too. Instead, the phenomenon comes as the "rich are getting much richer at a faster rate," she told CNBC's Inside India. India's 3 household groupsA more pressing issue brought on by India's wealth and income divide is the emergence of different categories of households with distinct standards of living. Unequal education opportunitiesThe EIU's Dasgupta attributes India's vicious wealth and income gap cycle in large part to mismatched education opportunities.
Persons: Knight Frank, Dasgupta, CNBC's, Shumita Deveshwar, Deveshwar Organizations: Economist Intelligence Unit, Blume Ventures, Oxfam, Private, Department of School Education, Global Commons Alliance, TS Lombard Locations: India, United States, Brazil, South Africa, Venture, Saharan Africa, Indian
the answer for many older voters ages 50 and over was "no," according to a new post-election poll released by the AARP. Almost half — 47% — of voters ages 50 and over said they are "worse off now," the research found, while more than half — 55% — of swing voters in that age cohort said the same. Among voters 50 to 64, Trump won by seven points. With voters ages 65 and over, Vice President Kamala Harris won by two points. Interviews were conducted with 2,348 "likely voters" in targeted congressional districts following Election Day between Nov. 6 and 10.
Persons: Donald Trump, Trump, Kamala Harris, Fabrizio Ward, Bob Ward, Ward Organizations: AARP, Finance, Research, Republican Locations: Bethlehem , Pennsylvania
After Republican President-elect Donald Trump’s dramatic performance with Latino voters, a coalition of Democratic-leaning Latino groups is grappling with the shift and trying to reconcile it with the policies they say many Hispanics support. Along with UnidosUS, Latino-focused advocacy groups such as Voto Latino, Somos Votantes, Hispanic Federation and La Brega y Fuerza Fund sponsored a poll of Latino voters. The coalition rejected national exit poll findings showing that Trump won the majority of Latino men — 55% — to Harris’ 43%. Edison Research, which conducts national exit polling for NBC News and other news organizations, surveyed 2,750 Latino voters nationally. Thirty-seven percent of male participants in exit polling identified as white, while 6% identified as Latino in the Latino groups’ poll.
Persons: Donald Trump’s, , Clarissa Martinez de Castro, Kamala Harris, ” Martinez de Castro, , Somos, Donald Trump, Anna Moneymaker, Martinez de Castro, Trump, Harris, Matt Barreto, , Rob Farbman, Latinas, Joe Biden, Starr County, Gary Segura, ” Segura, Barreto, Carlos Odio, Vanessa Cardenas, ” Cardenas Organizations: Republican, Democratic, Democratic Party, Latino, UnidosUS, Republicans, Hispanic Federation, Brega, Fund, American Civil Liberties Union, Advancing Justice, Climate Power, Nations Development Institute, Trump, Harris ’, BSP Research, African American Research, Harvard University, American, NBC, Edison Research, NBC News, Edison, Biden, Dade, Equis Research, America’s Locations: Doral, Fla, Miami, Florida, South Texas, Rio Grande, Starr, U.S
The number of measles cases around the world rose by 20% in 2023 compared with 2022, leading to an estimated 10.3 million cases, according to estimates released Thursday by the World Health Organization and the U.S. Centers for Disease Control and Prevention. More than 22 million children did not receive a first dose of the two-dose measles vaccine in 2023, the WHO and CDC said. Globally approximately 83% of children received a first dose of the vaccine last year, and 74% received a second dose, the agencies said. “The number of measles infections are rising around the globe, endangering lives and health,” CDC Director Mandy Cohen said in the statement. “Measles vaccine has saved more lives than any other vaccine in the past 50 years,” WHO Director-General Dr. Tedros Adhanom Ghebreyesus said in a statement.
Persons: Mandy Cohen, , Tedros Adhanom Ghebreyesus Organizations: World Health Organization, U.S . Centers for Disease Control, WHO, CDC, Health
At the time, Hochul said congestion pricing at that rate would be a hardship on New Yorkers struggling to make ends meet in the post-pandemic economy. Now the race is on to get congestion pricing approved before President-elect Donald Trump, who opposes it, takes office in January. The revised congestion pricing plan is expected to go before the Metropolitan Transportation Authority board for approval next week. After the expected MTA approval, the state and city will then ink an agreement with transportation officials in the Biden administration, who have been supportive of congestion pricing. They also predicted that congestion pricing would generate $15 billion that could be used to modernize subways and buses.
Persons: Kathy Hochul, Hochul, ” Hochul, , Donald Trump, Phil Murphy, Murphy, Biden Organizations: New York Gov, Yorkers, New, New Jersey Gov, America, Metropolitan Transportation Authority, MTA, NBC News, Manhattan's Central Business District, Financial Locations: New York City, Manhattan, New York, New Jersey, Hudson
The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably Infowars, the far-right, conspiracy-minded website that served as Jones’ primary online platform. The Onion plans to shutter Jones’ Infowars and rebuild the website featuring well-known internet humor writers and content creators, according to a person with knowledge of the sale. About an hour and a half after the announcement of the sale, Infowars' website was shut down. Details of Wednesday’s auction, including how much was offered for Free Speech Systems, the parent company of Infowars, and related assets, were not immediately known. “All you leftists celebrating the end of Alex Jones and Infowars, you’re fools,” he said.
Persons: Alex Jones, Jones, , ” Jones, Infowars, Sandy, Sandy Hook, Chris Mattei, divesting Jones, John Feinblatt, Ben Collins, Collins, Christopher Murray, , Jeff Lawson, InfoWars Organizations: U.S, First United American Companies, Free Speech Systems, Sandy Hook Elementary, Gun Safety, NBC News, Onion News, ThreeSixty, Bankruptcy, Southern, Southern District of, Global, Onion staff, O Media, Speech Systems Locations: Connecticut, Texas, Winnebago, Austin , Texas, Southern District, Southern District of Texas, Sandy Hook, Newtown , Connecticut,
The sewage is exposed to the air and causes a lot of nausea and headaches,” said Veronica Isabel Dahlberg, executive director of HOLA Ohio, a nonprofit group assisting Latino state residents, which has advised mobile home park residents who sued. It is very expensive,” said Yvonne Maldonado, a co-director of Manufactured Housing Action, a nonprofit group that focuses on such communities. “We have recently seen private equity enter the manufactured housing market," PESP housing research coordinator Madeline Bankson said. During hurricanes, the National Weather Service has said, 72% of deaths occur in homes, and of those, 54% occur in mobile homes. She also urged mobile home park residents to organize their communities and if there are complaints, to do it as a group, which is more effective.
Persons: Mariano Jacobo Piñón, , Vicente Hernández, Ricardo Rodríguez, Veronica Isabel Dahlberg, Mariano Jacobo Piñón's, ” Rodríguez, Melissa Solomon, Jones, Patrick J, Condon, Yvonne Maldonado, Maldonado, Ana Eugenia Báez, Báez, Andrea Chiriboga, Flor, Ascentia, Marko Vukovich, ” Vukovich, Esther Sullivan, Eva Marie Uzcategui, Madeline Bankson, Fannie Mae, Freddie Mac, Jeanne Shaheen, Richard Blumenthal, John Fetterman, ” Shaheen, Banks, Juan Pablo Garnham, Garnham Organizations: Fairgrounds United, Perry Mobile Home, Noticias Telemundo, Jones Estates Fairgrounds, Jones Estates Perry LLC, Jones Estates, Department of Housing, Urban, Survey, Residents, People Center, Foxridge, Colorado Mobile, Private, University of Colorado, Home Parks, The Washington, Getty, Prosperity, Federal Housing Administration, , Telemundo, Princeton, National Weather Service Locations: Lake County , Ohio, Mexico, Ohio, Hernández, Lake County, Mobile, U.S, New York, Colorado, Foxridge, Arapahoe County , Colorado, Denver, Sarasota , Fla, Sens
There’s an argument to be made that Thursday’s game between the Washington Commanders and the Philadelphia Eagles is the most important Commanders regular season game in nearly 20 years. Since 2000, the Eagles have seven NFC championship game appearances, as well as three Super Bowl appearances. In fact, of the Commanders’ seven victories, only one has come against a team that’s currently over .500. Three of their wins have come against the Giants and the Carolina Panthers, who have seven wins combined. But beating the Eagles — on the road and in a short week — would certify Washington in a way the previous 10 weeks haven’t.
Persons: , Jayden Daniels, that’s, Russell Wilson, Daniels, Robert Griffin III, Kirk Cousins Organizations: Washington, Philadelphia Eagles, New York Giants, Eagles, NFC, While Washington, Pittsburgh Steelers, Giants, Carolina Panthers, Baltimore Ravens, Ravens, Steelers, Philadelphia Locations: While, Philadelphia, Washington
Owens, Mayor Chokwe Antar Lumumba and City Council member Aaron Banks were indicted last month on conspiracy and bribery charges. Barbara Gauntt / Clarion Ledger / USA Today via ImagnA City Council member, Angelique Lee, resigned in August and pleaded guilty to conspiracy to commit bribery. “People are tired; they just want some good stuff done,” said Vernon Hartley, a City Council member for one of the city’s poorest wards. Aaron Banks is the second Jackson City Council member to be charged in the federal bribery case. Angelique Lee, a former City Council member, resigned and pleaded guilty to conspiracy to commit bribery.
Persons: JACKSON, , Virgi Lindsay, ” Lindsay, Jody Owens, Lauren Witte, , , Owens, Chokwe Antar Lumumba, Aaron Banks, Mayor Chokwe Antar Lumumba, Barbara Gauntt, Angelique Lee, Sherik Marve Smith, Smith, Jackson, Vernon Hartley, ” Owens, Banks, Lumumba, They’re, Lee, Rogelio V . Solis, The United States ”, Hartley, Lindsay, Ashby Foote, Hannah Mattix, Foote, ” Foote, ” Hartley Organizations: Miss, Council, Clarion Ledger, FBI, Southern District of, City Council, City, , Department of Housing, Urban Development, U.S, Southern, Southern District of Mississippi Owens, Jackson City Council, , Attorney’s Office, The United, NBC News, Republican, Capital Club, USA, Solutions Locations: Jackson, Hinds, Hinds County, Southern District, Southern District of Mississippi, Imagn, Nashville, Florida, Owens, Africa, The United States, generalities, City
Building passive income isn't about finding a get-rich-quick scheme. My journey from there to successful entrepreneur and coach taught me valuable lessons about building sustainable passive income. Here are my top four tips for anyone looking to start their own passive income journey. DON'T MISS: The ultimate guide to earning passive income online I began with a social media marketing agency and nailed that process before I started on my first passive income idea — a course. When my community repeatedly asked for a book about video content strategy, I wrote the book "Vlog Like a Boss."
Persons: they've, I've, It's Organizations: Invest
“This is a critical time of year, the time when most retailers make a lot of their money,” Schade said. Only four companies in the top 50 retailers earned an A or A- — Apple, Sephora, Target and Walmart. Three companies — Ulta Beauty, IKEA and Whole Foods Market — received a B grade, while 26 companies were equally split between C and D grades. “We also grade companies on whether the changes requested from their suppliers are actually implemented, if they have truly ‘banned the bad,’ so to speak,” Peele said. Correction: A previous version of this story incorrectly stated the number of retailers who earned an A or A-.
Persons: , “ It’s, , Mike Schade, ” Schade, , Dunkin ’, Jimmy John’s, Joe’s, Ahold, Hannaford, Tard, Sherwin, Williams, Sally Beauty, Jodi Caro, Alimentation, Cheri Peele, ” Peele, Peele, Homer Swei, Swei, Schade, Perfluoroalkyl, Julianna Bragg Organizations: CNN, Toxic, Black, Brands, KFC, Taco Bell, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, Canadian, Lion, Nordstrom, Walmart, National Retail Foundation, Companies, “ Retailers, Environmental, National Academies of Sciences, Engineering, US, Locations: United States, Canada, Chipotle, Target, Nordstrom
First, let's recognize the strength of the uptrend in gold leading into November 2024. While the two trends were both higher in October, a post-election surge in the US Dollar appeared to signal the end of the golden era of gold in 2024. And while the long-term chart of gold remains in decent shape, the short-term reversal in recent weeks has pushed gold stocks down to key price support. Now the GDX is testing its 200-day moving average, which also represents a 50% retracement of the 2024 bull phase. In terms of a longer-term inflection point for gold, it's all about finding signs of accumulation.
Persons: it's, wasn't, we'd, David Keller Organizations: Nasdaq, Gold Miners, CMT, CNBC, NBC UNIVERSAL
We’ve got you covered if you’re looking for how to get tickets to Rascal Flatts’ 2025 concert tour. How to buy tickets for Rascal Flatts’ 2025 concert tourYou can buy standard original tickets to Rascal Flatts’ 2025 concert tour on Ticketmaster. Prices for tickets to Rascal Flatts’ 2025 reunion tour vary depending on the date, location, and demand for each show. Meanwhile, resale tickets for Rascal Flatts’ 2025 Life Is a Highway Tour are generally comparable to or cheaper than standard original tickets. The available VIP packages include the Rascal Flatts Hot Ticket Package (starting at $200), Rascal Flatts VIP Lounge Experience (starting at $315), and Rascal Flatts Premium VIP Lounge Experience (starting at $415).
Persons: Rascal, Rascal Flatts, Gary LeVox, Jay DeMarcus, Joe Don Rooney, We’ve, Durant, Lauren Alaina, Chris Lane Organizations: Business, Midwest, FL, Ticketmaster, Vivid Locations: Jacksonville , Florida, Greenville , South Carolina, United States, Florida, Evansville, Charleston, Rapids, MI, Sioux, Bay, WI, Moline, IL, Columbus, Toledo, Youngstown, Manchester, Uncasville, Allentown, Huntsville, Savannah, Fort Worth , TX, Lafayette, LA, Estero, FL, Orlando, Jacksonville, Rock , Arkansas, Toledo , Ohio, Green, , WI, Durant , Oklahoma
Directional living involves focusing "on the direction of our life that we're going in, as opposed to the destination and where we think we're going to end up," Hellerer says. AlignOnce you're aware of how fixated you've been on achieving a specific goal, you can align yourself with directional living, Hellerer says. "This has to do with figuring out what I call our big direction," Hellerer says, which is similar to purpose. "Orient has to do with figuring out the direction you're heading in without needing to know precisely where you're going." In your final stage of directional living, you're constantly aligning and releasing as needed.
Persons: Hellerer, Megan Hellerer, Tami Muller, I've, Alexandria Ocasio Organizations: Orient, Staff, CNBC Locations: Alexandria, Cortez
Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on bags and shoes, the loss-making luxury brand said in a revamp that sent its shares up sharply. “We took pricing too high across the board,” Schulman told investors and analysts, setting out his assessment of what went wrong at Burberry. Pricing strategy shiftSchulman told reporters Burberry would add more lower-priced “entry-level” products to its range as part of a pricing shift. But he said Burberry’s positioning would remain in luxury and there were no plans to make it an “accessible” luxury brand. Leather goods and shoes underperformed in the first half, Burberry said, while outerwear did better than average.
Persons: Joshua Schulman, , ” Schulman, Burberry, Cara Delevingne, Little Simz, Olivia Colman, Schulman, Michael Kors, Daniel Lee, outerwear, Italy’s Moncler Organizations: Burberry Locations: China, outerwear, Bottega
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