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Joele Frank said Twitter owes $830,498, comprising six unpaid invoices, plus costs for a subpoena in Twitter's lawsuit to force Musk to complete the buyout after he tried to back out. Joele Frank began working for Twitter in January 2015, according to its complaint in a New York state court in Manhattan. Many landlords, vendors and consultants have sued Twitter over unpaid bills that Musk inherited when he bought the company, before he implemented deep cost cuts. Musk has said Twitter could generate positive cash flow as soon as this quarter, despite a decline in advertising revenue. The case is JF Associates LLC v X Corp, New York State Supreme Court, New York County.

☆ Luxury home prices drop for first time since the global financial crisis - and will likely keep falling
▼ + stars: | 2023-05-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Global luxury home prices turned negative for the first time since 2009, Knight Frank reported. Its Prime Global Cities Index dipped 0.4% annually in the first quarter after climbing 3% in the fourth quarter. Prices will likely continue seeing downward pressure on prices for the next few quarters, Knight Frank added. The firm's Prime Global Cities Index, which covers prices in 46 leading markets, dipped 0.4% annually in the first quarter. Since 2020's first quarter, prices in the Middle Eastern city have jumped 149% as a result of structural change in the country's market.

☆ Lululemon reportedly exploring a sale of Mirror, the struggling fitness tech brand it bought for $500 million
▼ + stars: | 2023-04-17 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

Lululemon purchased Mirror in 2020 for $500 million. An analyst said selling Mirror could eliminate a "distraction" for Lululemon. While Lululemon's Mirror business has struggled, its overall business remains strong. "As previously announced, we are shifting the focus of Lululemon Studio from a hardware-centric offering to one that is also focused on digital app-based services going forward. At an investor day last year, Lululemon rolled out a new plan for Mirror, including the launch of Lululemon Studio, a membership plan for its Mirror device.

Signature was a traditional commercial bank with a wide range of activities and customers,” an NYDFS spokesperson said. The spokesperson added that as withdrawal requests ballooned over the weekend, Signature Bank failed to provide reliable and consistent data. In response to NYDFS' statement, Frank said he was surprised the regulator said the decision to close the bank was not related to cryptocurrency. Signature was a commercial bank with private client offices with nine national business lines including commercial real estate and digital asset banking. The FDIC established a "bridge" successor bank to Signature Bank on Sunday to enable depositors to access their funds.

[1/3] A person walks into the lobby of the Signature Bank headquarters, in New York City, U.S., March 13, 2023. Signature Bank did not immediately respond to a request for comment. Signature was a traditional commercial bank with a wide range of activities and customers,” an NYDFS spokesperson said. The spokesperson added that as withdrawal requests ballooned over the weekend, Signature Bank failed to provide reliable and consistent data. The FDIC established a "bridge" successor bank to Signature Bank on Sunday to enable depositors to access their funds.

☆ Joe Manchin says he looks at his 2018 vote on easing bank regulations 'differently now' after Silicon Valley Bank's collapse
▼ + stars: | 2023-03-14 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

In 2018, Sen. Joe Manchin was one of 13 Democrats to vote for easing some banking regulations. The rollback of those regulations meant that Silicon Valley Bank was subject to less scrutiny. That vote has come under renewed scrutiny after the abrupt shuttering of Silicon Valley Bank (SVB) and subsequent bailout of its depositors. Manchin did tell Raju that it was not a mistake to vote through that 2018 legislation, or at least it wasn't at the time. Other Democratic lawmakers who also voted for the 2018 legislation are similarly standing by their decisions.

☆ The rescue of SVB and Signature Bank depositors creates the incentive for more bank runs, Wharton finance professor says
▼ + stars: | 2023-03-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The rescue of Signature and SVB depositors incentivizes more bank runs, a Wharton professor said. "The contagion risk is that there is a run on other banks that are financed by a large fraction of uninsured deposits." "But then it leaves the incentive for uninsured depositors at other banks to run." "The contagion risk is that there is a run on other banks that are financed by a large fraction of uninsured deposits," Drechsler said. Barney Frank, who co-authored the original bill and helped oversee Signature Bank, doesn't blame Trump's policy changes, however.

☆ Why Trump is being called out in the Silicon Valley Bank collapse
▼ + stars: | 2023-03-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Some Democrats have been blaming Trump-era regulations for Silicon Valley Bank's collapse. In 2018, Trump signed into law a bill that rolled back provisions in the Dodd-Frank Act and loosened oversight over banks. On Friday, regulators shut down Silicon Valley Bank following a tumultuous few days of failing to raise capital and a flood of customers withdrawing their funds from the bank. "Greg Becker, the chief executive of Silicon Valley Bank, was one of the ‌many high-powered executives who lobbied Congress to weaken the law," Massachusetts Sen. Elizabeth Warren wrote in a Monday opinion piece. Vermont Sen. Bernie Sanders said in a statement that the "failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by Donald Trump that I strongly opposed."

☆ Brentford beat Fulham to fuel European dream
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +3 min

LONDON, March 6 (Reuters) - Brentford fuelled their ambition of playing European football with a 3-2 home victory over fellow hopefuls Fulham to extend their unbeaten run in the Premier League to 12 games on Monday. Ivan Toney's second-half penalty and a late effort by Mathias Jensen sealed the points for ninth-placed Brentford against their west London rivals to edge them closer to the European qualification places. Brentford had taken an early lead with a deflected shot by Ethan Pinnock but Fulham hit back shortly before halftime when Manor Solomon scored for the fourth successive league match. The hosts were rampant and Bryan Mbeumo grazed the upright with a free kick before Toney also saw a free kick bounce back off the woodwork. Fulham levelled in the 39th minute when another free kick hit the frame of the goal but this time Andreas Pereira's superb effort bounced down for Israeli Solomon to nod home.

☆ Programmers are pumped by the rise of ChatGPT, because it makes their jobs easier and helps people to find a lucrative career in tech
▼ + stars: | 2023-03-03 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

People worry about their jobs, as ChatGPT and AI slowly become powerful enough to replace workers. But one group of workers sees ChatGPT as good for their industry: Programmers. Programmers said AI makes their work faster and opens up new job opportunities. There are still places for human programmers to shine, says Armory's Frank. But changes to the tech industry are on their way.

☆ COVID showed the rich that they can't just go wherever they want, so now millionaires are rushing to get 2nd passports: report
▼ + stars: | 2023-03-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Lockdowns shattered the wealthy's belief that their mobility was foolproof, per consultancy Knight Frank. As such, ultra-high-net-worth-individuals are now increasingly pursuing citizenships or residencies overseas, London-based consultancy Knight Frank said in its 2023 report released Wednesday. "US citizens have a 'good passport' with many travel privileges, but COVID threw these out the door," Surak wrote. "The result has been a huge increase in the number of Americans looking into investment migration options," she added. Many are looking at overseas homes where they can live for a few months per year, or places that offer good healthcare, Surak wrote.

☆ The world's ultra-rich lost about $14 trillion of their wealth in 2022, Knight Frank study shows
▼ + stars: | 2023-03-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The world's ultra-rich lost 13.6%, or $13.8 trillion, of their wealth in 2022, per a Knight Frank report. Just four in 10 ultra-wealthy people saw their wealth rise in 2022, the report says. Just four in 10 ultra-wealthy people saw a boost to their wealth in 2022, but the "overwhelming trend" was negative, Knight Frank said in the report. In 2022, the ultra-rich in Europe experienced the largest decline in wealth with a drop of 17%, followed by Australiasia with 11%, and the Americas by 10%, according to Knight Frank. According to Knight Frank, the ultra-rich parked 32% of their total wealth in their residential properties.

☆ Corporate Climate Plans Fall Well Short of Targets, With a Few Bright Spots
▼ + stars: | 2023-02-13 | by ( Dieter Holger | Carbon Market Watch S Executive Director Sabine Frank | ) www.wsj.com time to read: +6 min

The climate plans of major companies continue to fall short—but there are some bright spots. The net-zero plans of Holcim and H&M have also won approval from the Science Based Targets initiative. Decent disclosureWhile scope 3 emissions can be challenging to calculate and control, having net-zero plans that cover the complete value chain is best practice. Apple, iPhone manufacturer Foxconn Technology Co. and H&M were all noted for helping their suppliers to access renewable energy either with financial support, advice or connecting deals. The retailer has worked with suppliers to reduce packaging waste and to adopt farming practices that sequester greenhouse gases, as well as helping them access renewable energy.

☆ Arteta questions officials for allowing Brentford equaliser
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 12 (Reuters) - Arsenal manager Mikel Arteta questioned a decision by match officials, saying Ivan Toney's equaliser for Brentford in their 1-1 Premier League draw on Saturday should have been ruled out for offside. "I just looked back and it is offside, yes," Arteta told a news conference. "You have to apply certain principles in defending and you do that by sticking to the rules. There was also a suggestion that Norgaard was offside before he made the assist but that did not appear to be proven. Asked about the equaliser, Brentford manager Thomas Frank said: "I agree that when they kick the ball Ethan is in an offside position.

☆ Germany has evidence of war crimes in Ukraine 'in three-digit range' - prosecutor
▼ + stars: | 2023-02-04 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Feb 4 (Reuters) - Germany has collected evidence of war crimes in Ukraine, the country's prosecutor general said in a newspaper interview published on Saturday, adding that he saw a need for a judicial process at international level. So far, prosecutors have pieces of evidence in the "three-digit range", he added, without elaborating. Germany began collecting evidence in March 2022 to prosecute possible war crimes, including by interviewing Ukrainian refugees and evaluating publicly available information, Frank said, adding that German prosecutors were not yet investigating specific individuals. Ukraine is pushing for the creation of a special tribunal to prosecute Russian military and political leaders it holds responsible for starting the war. Moscow has rejected allegations by Kyiv and Western nations of war crimes.

☆ A cosmetic dermatologist says he's seeing 'Ozempic face,' or gaunt cheeks from taking the buzzy weight loss drug
▼ + stars: | 2023-01-26 | by ( Allana Akhtar | ) www.businessinsider.com time to read: +4 min

A cosmetic dermatologist explained why he coined the term "Ozempic face," named after the buzzy weight loss drug. He treats "Ozempic face" by inserting fillers to revolumize the face, but said too many injections can create an unnatural look. Rapid weight loss causes skin saggingDr. Rocio Salas-Whalen, a board-certified endocrinologist, said "Ozempic face" is a result of rapid weight loss, not the drug itself. The weight-loss drug causes overall fat loss, so every part of the face loses fat, like around the temple or jaw line. Treating "Ozempic face" requires injecting fillers to add volume to the whole face, not just the cheeks.

☆ A plastic surgeon says he's seeing 'Ozempic face,' or gaunt cheeks from taking the buzzy weight loss drug
▼ + stars: | 2023-01-26 | by ( Allana Akhtar | ) www.businessinsider.com time to read: +4 min

A plastic surgeon explained why he coined the term "Ozempic face," named after the buzzy weight loss drug. He treats "Ozempic face" by inserting fillers to revolumize the face, but said too many injections can create an unnatural look. Rapid weight loss causes skin saggingDr. Rocio Salas-Whalen, a board-certified endocrinologist, said "Ozempic face" is a result of rapid weight loss, not the drug itself. The weight-loss drug causes overall fat loss, so every part of the face loses fat, like around the temple or jaw line. Treating "Ozempic face" requires injecting fillers to add volume to the whole face, not just the cheeks.

☆ Exclusive: Blackstone in talks with Bain to sell $480 million stake in top Indian REIT
▼ + stars: | 2023-01-24 | by ( M. Sriram | ) www.reuters.com time to read: +4 min

For Blackstone, it would mean a further selldown of its Embassy stake as it adjusts its portfolio. A spokesperson for Blackstone declined to comment while Bain Capital and Embassy did not respond to requests for comment. It owns and operates more than 43.2 million square feet of office parks and office buildings in cities such as Bengaluru and Mumbai and is also the largest office REIT in Asia by area. Blackstone currently owns 24% of the Embassy REIT, which has a market capitalisation of nearly $4 billion. That will be worth $400 million-$480 million based on Monday's closing price of the Embassy REIT on the stock exchange in Mumbai.

☆ 3 couples who drive trucks for a living reveal how they manage to stay in love while on the road
▼ + stars: | 2023-01-23 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

But the Rebelos aren't influencers or travel photographers — they're truck drivers. Insider interviewed three trucking couples about how their marriages have survived — and even thrived — while driving freight across the country. "Even prisoners have a bigger cell than a truck," Deb told Insider. "Of course you love the person, but you better like that person, too," Frank Rebelo said. "You get into a little bit of an argument and you're packing all your stuff," Deb LaBree told Insider about the couple's early trucking days.

☆ Edgy Campaigns Are Out, TikTok Won’t Stop and Other 2023 Predictions for Marketers
▼ + stars: | 2022-12-19 | by ( Patrick Coffee | ) www.wsj.com time to read: +11 min

Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. Most campaigns will focus on discounts to customers or showcase the usefulness of a company’s products, he said. Under this form of marketing, ad firms generally get paid upon completion of a desired end, such as a sale or download. In short, consumers should expect less “vacuous virtue-signaling” from marketers in the coming months, according to Mr. Proulx. But these platforms’ very struggles could result in ad bargains for marketers, said Mr. Solomon of Therabody.

☆ Former officer who kneeled on George Floyd’s back gets 3.5-year prison term
▼ + stars: | 2022-12-09 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

The former Minneapolis police officer who kneeled on George Floyd’s back while another officer kneeled on the Black man’s neck was sentenced Friday to 3 1/2 years in prison. Kueng is already serving a federal sentence for violating Floyd’s civil rights, and the state and federal sentence will be served at the same time. Kueng, who is already serving a federal sentence for violating Floyd’s civil rights, appeared at his sentencing hearing via video from a federal prison in Ohio. If Thao is convicted, the murder count — which carries a presumptive sentence of 12 1/2 years in prison — will be dropped. Lane, who is white, is serving his 2 1/2-year federal sentence at a facility in Colorado.

☆ Lululemon just reported an 85% increase in inventory, but don't expect big holiday sales. Here's why.
▼ + stars: | 2022-12-09 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

CEO Calvin McDonald doesn't expect to slash prices to clear merchandise. The company expects revenue between $2.605 and $2.655 billion. Chief Financial Officer Meghan Frank said the company expects inventory to clear throughout the current quarter. McDonald said he doesn't expect to cut prices in order to move merchandise faster, aside from typical markdown activity. But while he described it as a "premium brand" with "pricing power," he doesn't expect to raise many more.

☆ Period underwear FAQS — answered
▼ + stars: | 2022-12-08 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

Period underwear has grown popular over the past few years for several reasons. Period underwear brands offer a variety of absorbencies since people have different flows. Does period underwear affect symptoms and period length? Some people on social media platforms and product reviews have reported a lighter flow or shorter period while wearing period underwear. “People should be able to access and use whatever type of period management tools that work best for them, including period underwear,” Brandi said.

☆ Lululemon sees downbeat quarter as inflation-hit consumers turn cautious
▼ + stars: | 2022-12-08 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

Dec 8 (Reuters) - Lululemon Athletica Inc (LULU.O) on Thursday forecast holiday-quarter revenue and profit largely below analysts' estimates, as shoppers turn cautious about spending on higher-priced clothing amid decades-high inflation, sending its shares down 6%. "But ...I do still think that Lululemon is playing a very strong game with the consumer." Lululemon lifted its full-year revenue and profit forecasts and beat estimates for third-quarter results. The company forecast fourth-quarter revenue between $2.61 billion and $2.66 billion, compared to analysts' estimates of $2.65 billion, according to IBES data from Refinitiv. Lululemon sees current-quarter profit between $4.20 and $4.30 per share, while analysts estimate $4.30.

☆ ‘Power Rangers’ star Jason David Frank's wife opens up about how her husband died
▼ + stars: | 2022-12-01 | by ( Lindsay Lowe | ) www.nbcnews.com time to read: +3 min

Tammie Frank, the wife of “Power Rangers” star Jason David Frank, has confirmed that her husband died by suicide. “My name is Tammie Frank, and my husband was Jason David Frank, who tragically lost his life to suicide just last week,” she said in an exclusive statement to People. He died at the age of 49 last month, his manager, Justine Hunt, said in a statement at the time. Speaking to People, Tammie Frank said she had been “shocked and saddened” to see speculation about her husband’s death in the media. “Between losing (Shayla) and helping raise her baby son, Jason and I started having marital issues,” she said.

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