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☆ Meet the founder of the Failure Museum, an exclusive collection of swag from companies that went bust
▼ + stars: | 2023-11-25 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

Norwest partner Sean Jacobsohn started collecting objects from failed businesses a year ago. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To make it into the museum, the failure has to be a physical item — no NFTs allowed, Jacobsohn said. Some even offer to donate failed business swag as a way of getting in his rolodex. He's currently scheduled to lead a guest lecture on the subject for the class "Avoiding Startup Failure,' he mentioned.

Persons: Sean Jacobsohn, he's, it's, —, Jordan Poole, Jacobsohn, Sean Jacobsohn's, freebie, Jacobsohn's, Mattel, Allan, Ken's, Michael Cera's, Harley Davidson's, Elizabeth Holmes, He's, you've Organizations: Service, Bay Area, Norwest Venture Partners, Golden State Warriors, Business, Mattel, eBay, mater, Harvard Business School Locations: Bay, cologne

☆ These are the stocks that will benefit — and lose out — from the wellness trend, Morgan Stanley says
▼ + stars: | 2023-11-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

The Covid-19 pandemic was a big factor behind the rising focus on weight and its implications for health, Morgan Stanley noted. CNBC Pro takes a look at the stocks Morgan Stanley says will be affected by those trends — both positively and negatively. Beneficiaries Morgan Stanley said "functional" foods, waters, skincare and cosmetics, and consumer health should be well positioned. Morgan Stanley upgraded its rating for Danone to "overweight." At risk Alcoholic beverages and soft drinks appear to be among categories most affected by the GLP-1 trend and the focus on wellness, Morgan Stanley said.

Persons: they're, Morgan Stanley, Mounjaro, Nestle, Remy Cointreau, Beers, Brewer, there's, Britvic, CNBC's Michael Bloom Organizations: Wellness, McKinsey, GLP, Walmart, CNBC Pro, Danone, United States —, Nestle, L'Oreal, Beiersdorf, Diageo, Brewer Anheuser, Busch Inbev Locations: Europe, United States, British

☆ See the best red carpet looks from the 2023 CFDA Awards
▼ + stars: | 2023-11-07 | by ( Manav Tanneeru | Leah Dolan | ) edition.cnn.com time to read: +5 min

Taylor Hill/FilmMagic/Getty Images Hari Nef arrived in hot-off-the-runway JW Anderson. Taylor Hill/FilmMagic/Getty Images Molly Ringwald stepped out in a scarlet red Zac Posen number. Taylor Hill/FilmMagic/Getty Images Jenna Lyons opted for a classic back suit with a fitted waist. Taylor Hill/FilmMagic/Getty ImagesSerena Williams, who became the first athlete to be honored as a CFDA Fashion Icon, similarly opted for an all-American designer. Taylor Hill/FilmMagic/Getty ImagesKim Kardashian and Law Roach, meanwhile, broke from the ranks and chose to amplify smaller US designers in two equally eye-catching looks.

Persons: Willy Chavarria, Catherine Holstein —, —, Olsen, Anne Hathaway, Dimitrios Kambouris, Demi Moore, Carolina Herrera sequined, Taylor, Devon Lee Carlson, Jeremy O, Harris, Chloe Sevigny, Gwyneth Paltrow, Hari Nef, Molly Ringwald, Zac Posen, Jenna Lyons, Greta Lee, Emma Chamberlain, Thom Browne, Ashley Graham, Anne, Ralph Lauren’s, jean, Britney Spears, it’s, Ralph Lauren, Vanessa Hudgens, Vera Wang, Anne Hathaway's, Serena Williams, Williams, Thom Browne —, “, ” Williams, Hudgens, Wang, Wang —, Kim Kardashian, Law Roach, Roach Organizations: CNN, of Fashion Designers of America, American Museum of, Getty, Anderson, Housewives, New York, U.S ., York Locations: New York City, New York, Carolina, Los Angeles, Brooklyn

☆ US Congress is on track to be the most polarized ever, data shows
▼ + stars: | 2023-11-06 | by ( Jason Lange | ) www.reuters.com time to read: +1 min

REUTERS/Kevin Wurm/File Photo/File Photo Acquire Licensing RightsWASHINGTON, Nov 6 (Reuters) - The current U.S. Congress is on track to be the most polarized ever, according to a running analysis at voteview.com, a tool widely used by political scientists that sorts lawmakers based on how their voting records overlap with their peers. The complicated math behind the analysis transforms a lawmaker's entire voting record into one number, with negative numbers for liberals and positive readings for conservatives. The most liberal have the least in common with the most conservative, while moderates from each party have more overlap and are given scores in between. * Currently, the gap in the House sits at 0.90, beating the 0.89 gaps for lawmakers elected in 2016 and 2018. The current 0.88 gap in the U.S. Senate is also at a record high for that chamber.

Persons: Kevin Wurm, Ralph Norman, Pramila Jayapal, Joe Manchin, Jason Lange, Jonathan Oatis Organizations: U.S, Capitol, REUTERS, Rights, Caucus, Democrat, Congressional Progressive Caucus, Republican Party, Republicans, U.S . Senate, Thomson Locations: Washington , U.S, U.S

Chris DongCapital One's third airport lounge is a 10,800 square-foot "glass fishbowl" in Denver International Airport (DEN). Capital One Venture X Rewards Credit Card and Capital One Venture X Business Card† credit cardholders get unlimited complimentary access and can bring up to two guests for free. Capital One Venture Rewards Credit Card and Capital One Spark Miles for Business† cardholders get two complimentary passes per year. Capital One Venture X Rewards Credit Card and Capital One Venture X Business Card† cardholders enjoy unlimited complimentary access to all Capital One Lounges. The parents' room in Capital One's Denver airport lounge offers a quiet space for rest, diaper changes, and feedings.

Persons: Chris Dong, cardholders, Business † cardholders, —, chai, chia Organizations: Business, Venture, Denver International Airport, Chris Dong Capital, Denver International, Service, Dulles, Fort, International, Capital, One, Premier, Rockies, Colombe, Fenway, Cervecería, Yacht Club, Sunrise, Denver Travelers, Chase Locations: Denver, High City, Washington, Dallas, Fort Worth, DFW, One's, Concourse A, Colorado, Downtown Denver, Cervecería Colorado, Capital One's Denver

☆ Here's how much the options market expects Apple shares to move off earnings
▼ + stars: | 2023-10-30 | by ( Michael Khouw | ) www.cnbc.com time to read: +7 min

It's a big week: a Federal Reserve meeting, unemployment numbers and earnings for the biggest company in the S & P 500. The problem is the S & P 500, as a barometer of economic health, much like Pollyanna, skews optimistic by nature of its design. By contrast to the S & P, the R2K tracks smaller, less well-known businesses. In this way a call option will increase in value if the stock price rises through the strike price. In this case the "at-the-money" straddle expiring this coming Friday, November 3rd, is priced at $7.70 or nearly 4.6% of the current stock price.

Persons: Berkshire Hathaway, Tesla, Eli Lilly, ytd, Russell, Friday's Organizations: Reserve, U.S, Apple, Microsoft, Nvidia Locations: Europe, China, U.S, Berkshire

☆ Argentina drivers hunt for fuel 'like water in the desert' amid shortage
▼ + stars: | 2023-10-30 | by ( Eliana Raszewski | ) www.reuters.com time to read: +4 min

"The truth is that I work with the car and it's like looking for water in the desert," said 38-year-old Cabify driver Raul Paretto. "It is distressing because you don't know on a day-to-day basis what can happen; we are living one day at a time." EXPORT HALT THREATOil executives cited planned halts at local refineries, which provide 80% of domestic supply, and the country's scarce foreign currency reserves that have held up imports. Argentina's government has fixed a local oil price at $56 per barrel, far below the international price around $86 to try to calm local inflation of nearly 140%. loadingA second industry source, also declining to be named, also said that the issue was not output, but issues in refining the crude oil and the hurdles to bringing in imports.

Persons: Sergio Massa, Javier Milei, Raul Paretto, Leonardo Villa, Jorge Chemes, Massa, Vaca Muerta, Eliana Raszewski, Claudia Martini, Maximilian Heath, Adam Jourdan, Barbara Lewis, Jonathan Oatis Organizations: Argentine Rural Confederations, Reuters, Thomson Locations: BUENOS AIRES, Argentine, Peronist, Buenos Aires, Argentina, Vaca

☆ Shein acquires British fast fashion brand Missguided as it looks to expand global reach
▼ + stars: | 2023-10-30 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Shein has bought British fast fashion brand Missguided from the Frasers Group as the company looks to expand its market share and global reach ahead of a rumored U.S. initial public offering, the companies announced Monday. As part of the deal, Shein will license Missguided's intellectual property to Sumwon Studios, a joint venture between Shein and Missguided founder Nitin Passi. Sumwon will manage and operate the Missguided brand. The brand gained prominence when it went viral for selling £1 bikinis and became a major player in British fast fashion. "Shein aims to reignite the Missguided brand, capitalising on its unique brand personality, and fuelling its global growth through SHEIN's on-demand production model, unparalleled e-commerce expertise and global reach."

Persons: Shein, Frasers, Nitin Passi, Sumwon, Missguided, Donald Tang Organizations: Frasers Group, Sumwon Studios, Frasers, Forever, Sparc Group, Authentic Brands Group, Simon Property, CNBC Locations: British, Shein, SHEIN's

☆ Consumers can now find huge discounts on electric cars
▼ + stars: | 2023-10-21 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Thanks to growing competition in the market, and some reticence from consumers, automakers and car dealers are offering huge discounts on electric vehicles, particularly luxury models. In September 2022, the average electric vehicle purchased in the United States, excluding Teslas, went for about $1,500 over sticker price. (Remember, for most new vehicles, the manufacturer’s suggested retail price, or sticker price, is just a suggestion, with the final selling price usually higher or lower.) In sheer dollars, the average price paid for a non-Tesla electric vehicle actually went up slightly over the past year. A couple looks at a Volkswagen ID.4 electric vehicle while shopping at a new car dealership.

Persons: Joseph Yoon, Pat Ryan, ” Ryan, Michael Nagle, Tesla, It’s, Yoon, Alison Flores, “, Edmunds, Charles Krupa Organizations: CNN, Edmunds, Nissan, New York, Bloomberg, Getty, Tesla, Teslas, Audi, BMW, Mercedes, Volkswagen, Hyundai, Volvo, Tax, H, AP Locations: Edmunds, United States, That’s

☆ Goldman Sachs: These 21 companies can endure higher borrowing costs and provide stability as the Fed's battle against inflation continues to hurt bottom lines
▼ + stars: | 2023-10-07 | by ( Mark Reeth | ) www.businessinsider.com time to read: +5 min

Higher interest rates and lower leverage are a double whammy for stocks, according to Kostin. Markets InsiderThe result has been lower ROE across the market this year. Goldman SachsKostin broke that decline down even further, noting that, of the 69 basis-point decline this year, 31 basis points were directly attributable to higher interest expenses. "Reduced leverage, lower asset turnover, and a contraction in EBIT margins also weighed on S&P 500 ex-Financials ROE, contributing -42 bp total." Today, Kostin sees speed bumps ahead in the form of higher interest rates and deeply rooted inflation, which might stick around thanks to higher oil prices.

Persons: Goldman Sachs, David J, ROE, Kostin, Goldman Sachs Kostin, Financials ROE, Berkshire Hathaway, Jerome Powell, sector's ROE, Brent, it's, that's Organizations: Financials, Energy, Berkshire, Brent

☆ Why nursing schools are turning away applicants amid a major staffing shortage
▼ + stars: | 2023-10-05 | by ( Tami Luhby | ) edition.cnn.com time to read: +8 min

CNN —At a time when registered nurses are going on strike to protest staffing shortages, thousands of applicants who want to enter or advance in the profession are being turned away from nursing schools. Nearly 78,200 qualified applications were not offered spots at nursing schools last year, according to the American Association of Colleges of Nursing, which represents schools with baccalaureate and advanced degree programs. Staffing shortages are the main reason why nursing schools are not able to accept more students who want to become registered nurses. Staffing shortages are also a major factor in the current strike by more than 75,000 unionized employees, including registered nurses, at Kaiser Permanente. The national median salary for nursing school professors with master’s degrees is just under $89,000, according to the nursing college association.

Persons: preceptors, Preceptors, ”, Judith Jarosinski, Rick Garcia, David Auerbach, Cynthia McCurren, McCurren, Jarosinski, ” McCurren, Marie Ann Marino, Thomas, “, Marino, ” Marino Organizations: CNN, American Association of Colleges of Nursing, Salisbury University’s School of Nursing, Community, Organization, Nursing, Brandeis University, Kaiser Permanente, Bureau of Labor Statistics, School of Nursing, University of Michigan, Nurse.com, Thomas Jefferson University College of Nursing, Thomas Jefferson University, US Department of Health, Human Services, Loan, Salisbury School of Nursing, Faculty Academy, Maryland Higher Education Commission, Jefferson College of Nursing, Jefferson Health, Jefferson Locations: Salisbury, Maryland, Kaiser, Flint, Philadelphia

☆ Here are Friday's biggest analyst calls of the day: Tesla, Ford, Apple, Amazon, Disney, Nike, FedEx and more
▼ + stars: | 2023-09-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Disney as buy Bank of America said it's standing by its buy rating on the stock. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating on shares of Ford despite the United Auto Workers strike. Canaccord reiterates Tesla as buy Canaccord said its standing by its buy rating on Tesla ahead of its upcoming delivery numbers report. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on shares of Apple. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said Amazon continues to be the "dominant" player in e-commerce.

Persons: Jefferies, Edward Jones downgrades Berkshire Hathaway, Edward Jones, Morgan Stanley, Ford, it's, Canaccord, Tesla, we've, Goldman Sachs, Raymond James, Bud Light, Apple, Amazon, Brinker, Stifel, Huntington Organizations: Jefferies, Ball Corporation, Bank of America, Disney, DIS, CYE23, Texas, 3Q23, Brands, Burger King, Ford, United Auto Workers, HSBC, FedEx, UPS, DHL, Nike, Immunology, " Bank of America, Anheuser, Busch InBev, of America, Apple, Citi Locations: Texas, QSR, North America, Asia, ZION

☆ 5 energy stocks with double-digit return potential as oil prices head toward $100, according to Goldman
▼ + stars: | 2023-09-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Chevron stock has slipped roughly 7% from the start of the year. CVX YTD mountain Chevron stock. "We see 16% total return to Chevron," Mehta said. CVE YTD mountain Cenovus stock. BKR YTD mountain Baker Hughes stock.

Persons: Goldman Sachs, Neil Mehta, Goldman, Mehta, refiner Phillips, Cenovus, Brent, Baker Hughes, Baker, — CNBC's Michael Bloom Organizations: Brent, West Texas, Chevron, Phillips, Natural Resources, stoke, Baker Locations: Canada, 2H2023

☆ The Arm IPO is here, but many ETFs will not be buyers
▼ + stars: | 2023-09-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The Cupertino, Calif.-based company licenses its processorIPO and tech enthusiasts are excited about the Arm Holdings Plc initial pubic offering, and with good reason: it's the first big tech IPO in more than two years. However, some investors who would like to get immediate exposure to the Arm IPO through ETFs may be disappointed. However, this particular IPO highlights several difficulties that even large companies like Arm have in acquiring a broader ownership base through ETFs. The first problem is that Arm is not a U.S. company, it's British — which generally would exclude it from the S&P indexes. Potential ETF buyers: Nasdaq-100 ETF, IPO ETFsThere are some potential ETF buyers.

Persons: Matt Bartolini, Howard Silverblatt, Van Eck, Jan Van Eck, Todd Sohn, it's, Matt Kennedy, Nate Geraci, I'm Organizations: ARM Holdings, Arm Holdings, Nasdaq, Tech, ARM, P, SPDR Technology, SPDR, SPDR Americas Research, Street Global Advisors, Global, Renaissance, Van Eck Semiconductor, CNBC, Vanguard Total U.S, Renaissance Capital Locations: Cupertino, Calif, U.S, SPDR Americas

U.S. Commerce Secretary Gina Raimondo's trip to China last month had promised some economic and trade detente between the two superpowers now at loggerheads. And none of the 222 funds polled expected China economic growth to be any higher next year than this - mirroring a recent Reuters survey of domestic and overseas banks and investors. As these sorts of surveys go, there's an awful lot in there that could spell "peak gloom". Indeed, shorting China equities was deemed the second "most crowded trade" behind long exposure to supercharged Big Tech stocks. Even if the economy turns, political catalysts for a return to China may be slow in coming.

Persons: Aly, Gina Raimondo's, it's, Jamie Dimon, Jay Clayton, Jenny Johnson, Franklin Templeton, Willem Sels, Mike Dolan, Sharon Singleton Organizations: REUTERS, . Commerce, Bank of, Big Tech, Reuters, Reuters Graphics Reuters, JPMorgan, Investments, The Ontario Teachers, Caisse, Franklin, HSBC Private Banking, Thomson Locations: Shanghai, Shenzhen, China, loggerheads, Wall, Asia, Silicon Valley, Hong Kong, Temasek, Bridgewater, Blackrock, India, Indonesia, Washington, United States

☆ 'Blame the Boomers': A paradox in the housing market is what's really behind rising demand and home prices
▼ + stars: | 2023-09-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Strong demand among older Americans is keeping prices high, with analysts saying "Blame the Boomers." But Barclays analysts said that alone doesn't explain the surge in home pricing. AdvertisementAdvertisement"This may strike some as paradoxical, as many associate demand for housing units with rates of increase in population," analysts said, adding: "Is it not true that an older population requires less housing? While it is likely true that older people tend to prefer smaller housing units, it is not true that an older population requires fewer housing units." And as there's increasingly more older Americans, housing demand is being pushed higher, fueling price gains in for homes, Barclays wrote.

Organizations: Barclays, Service, Fed Locations: Wall, Silicon, America

☆ Wall Street says these gaming stocks have big upside as NFL kick-off boosts interest
▼ + stars: | 2023-09-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The NFL season began on Thursday, with the Detroit Lions defeating the Kansas City Chiefs. The gaming stocks listed below have buy ratings from more than 60% of analysts and upside to the average price target of greater than 20%, according to FactSet. Caesar's Entertainment has the most upside on the list, with an average price target 37% above its most recent closing price. Barclays analyst Brandt Montour said in a Sept. 7 note to clients that Caesar's could see a boom in non-sports online gambling. DraftKings is Needham's top pick in gaming, though the average analyst price target on the stock is below 20%.

Persons: Brandt Montour, We're, Montour, skews, Churchill, FactSet, DraftKings, Needham, DKNG, Bernie McTernan, — CNBC's Michael Bloom Organizations: NFL, Wall Street, Detroit Lions, Kansas City Chiefs, Caesar's Entertainment, Barclays, MGM Resorts International, Kentucky Derby Locations: U.S, 3Q23

☆ New signals about where shoppers are spending their money put one of our retail stocks in the sweet spot
▼ + stars: | 2023-09-07 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

The consumer is expected to remain resilient this year, but some retailers will benefit more than others. Consumer spending drives the U.S. economy, accounting for 68% of gross domestic product — and several analysts on Wall Street forecasted that spending will remain strong through 2024. However, the prioritization of that spending will result in winners and losers. At the same time, they expect spending growth for essentials to slow, thereby leaving more money left over for discretionary purchases. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Goldman Sachs, Goldman, Bernstein, That's, —, TJX, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: Wall, Goldman, —, TJX, Ross Stores, Burlington, Loop, Marshalls, Apple, TJX Companies, Jim Cramer's Charitable, CNBC, Maxx Locations: 4Q23, TJX, Maxx, Burlington, Pasadena , California

☆ Bank of Israel to stay on hold as inflation eases but hike cycle may not be done: Reuters poll
▼ + stars: | 2023-09-03 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

FILE PHOTO-The Bank of Israel building is seen in Jerusalem June 16, 2020. Israel's annual inflation rate dropped to 3.3% in July from 4.2% in June, its lowest rate since March 2022 but above a government target range of 1-3%. "The central bank will leave the door open for further rate hikes and maintain its relatively hawkish stance, given that the shekel remains weak and exposed to domestic political developments," said Goldman Sachs economist Tadas Gedminas. The Bank of Israel left its key rate unchanged in July after an aggressive rate hike cycle that took the rate from 0.1%. Minutes of the meeting showed policymakers were concerned the shekel could keep inflation from moving back to its target and that further rate increases were possible.

Persons: Ronen, Zalina Alborova, Benjamin Netanyahu's, Goldman Sachs, Tadas Gedminas, Morgan Stanley's Georgi Deyanov, Bhumika Gupta, Steven Scheer, Frances Kerry Organizations: Bank of, REUTERS, Reuters, Bank of Israel, Barclays, Citi, The Bank of Israel, Thomson Locations: Bank of Israel, Jerusalem, Israel

☆ Washington crowned a bunch of rich dudes the most important people in AI
▼ + stars: | 2023-08-31 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Sen. Chuck Schumer is hosting sessions to help lawmakers understand and shape future rules on AI. AdvertisementAdvertisementMeredith Whittaker, president of messaging app Signal and former director of AI think tank the AI Now Institute, posted on X: "This is the room you pull together when your staffers want pictures with tech industry AI celebrities. It's not the room you'd assemble when you want to better understand what AI is, how (and for whom) it functions, and what to do about it." This is the room you pull together when your staffers want pictures with tech industry AI celebrities. It's not the room you'd assemble when you want to better understand what AI is, how (and for whom) it functions, and what to do about it.

Persons: Sen, Chuck Schumer, Axios, Mark Zuckerberg —, Sam Altman, Sundar Pichai, Satya Nadella, Elon Musk, Mark Zuckerberg, Per, Maria Curi, Rumman Chowdhury, Deborah Raji, Tristan Harris, b9mJhW39NW — Maria Cristina Curi, OpenAI, Alex Karp, Jack Clark, Clement Delangue, Meredith Whittaker, It's, UM1EhFNb1H — Meredith Whittaker, Face's Delangue Organizations: Morning, Google, Microsoft, Mozilla, Center of Humane, Meta, Nvidia Locations: Washington

☆ Knocked Off Their Perch, the Rangers Hope to Climb Back Up
▼ + stars: | 2023-08-29 | by ( Tyler Kepner | More About Tyler Kepner | ) www.nytimes.com time to read: +1 min

This is the first season in Major League Baseball’s modern era in which all teams play each other. Consider the Mets’ current homestand, with series against the Los Angeles Angels, the Texas Rangers and the Seattle Mariners. Sure, the Mets abandoned the pennant race a month ago, but the American League West version is flourishing in Flushing. “Hey, you’re past those dog days,” said Rangers Manager Bruce Bochy, who has seen a race or two. The Mariners, baseball’s hottest team since the start of July, overtook Texas for the division lead, with the defending champion Houston Astros close behind.

Persons: ”, Bruce Bochy Organizations: Major League, Mets, Los Angeles Angels, Texas Rangers, Seattle Mariners, American League, Rangers, ”, The Mariners, baseball’s, Texas, Houston Astros Locations: Flushing, “

☆ Foot Locker shares plunge 30% as it slashes guidance and blames 'consumer softness'
▼ + stars: | 2023-08-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

The dismal quarter prompted Foot Locker to lower its forecast again – just five months after introducing it. Those heavy markdowns have weighed on Foot Locker's margins, which dropped 4.6 percentage points compared with the year-ago period. Shrink, a retail industry term that refers to merchandise lost by theft, damage or other means, also weighed on profits, Foot Locker said. It didn't disclose how much shrink cut into its margins compared with promotions. But Foot Locker has been trying to reduce its reliance on Nike and balance its vendor mix.

Persons: Locker, Foot, Mary Dillon, Foot Locker Organizations: Refinitiv, Nike

☆ Get Close: 10 Gems From the Pretenders
▼ + stars: | 2023-08-18 | by ( ) www.nytimes.com time to read: +2 min

Dear listeners,On Wednesday night, I was one of approximately 600 sardines crammed into Manhattan’s Bowery Ballroom for a very special concert. We were packed so tightly, I couldn’t move an inch; even clapping felt like a precarious use of my elbows. Did I mention it is August, in New York, and the humidity has been hovering around 75 percent for days? Because we were there, in an impossibly small club, seeing the rock legends the Pretenders. The night before, Chrissie Hynde and company had played for a crowd roughly 100 times larger, opening for Guns N’ Roses at MetLife Stadium.

Persons: Chrissie Hynde, ”, Hynde, that’s, repping Organizations: MetLife Locations: New York, Washington ,, Asbury Park, N.J, Ohio

☆ UBS says Keurig Dr Pepper is undervalued and can jump more than 25%
▼ + stars: | 2023-08-16 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

UBS thinks investors should buy shares of Keurig Dr Pepper at these levels. Analyst Peter Grom said Keurig Dr Pepper is trading at a valuation below its historical averages and relative to peers, presenting a buying opportunity to investors. "At a time when earnings growth is set to decelerate across many Beverage peers, this shift in relative earnings momentum should narrow the valuation gap closer to historical averages," Grom said. The analyst added Keurig Dr Pepper's coffee segment could potentially underpin revenue expansion, while also benefiting from stronger brand partnerships overall. KDP YTD mountain Keurig Dr Pepper stock has dipped more than 6% from the start of 2023.

Persons: Dr Pepper, Peter Grom, FactSet, Grom, Pepper, — CNBC's Michael Bloom Organizations: UBS, Beverage, US

☆ Target's Pride Month collection backlash hurt sales
▼ + stars: | 2023-08-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Backlash to Target’s Pride Month clothing collection — and the company’s response — also hit sales. More than half of Target (TGT)’s merchandise is discretionary – clothing, home decor, electronics, toys, party supplies and other non-essentials. Pride Month backlashTarget has also been embroiled in the political culture wars over gender and sexual orientation. Beginning in May, Target also faced a homophobic campaign that went viral on social media over its annual Pride Month clothing collection. Fueled by far-right personalities, the anti-LGBTQ campaign spread misleading information about the Pride Month products.

Persons: —, Target, “, ” Michael Baker, DA Davidson Organizations: New, New York CNN, Pride, Target, DA Locations: New York

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