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☆ Shoppers are trading down, even in secondhand purchases
▼ + stars: | 2023-08-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

Even though fair condition bags, shoes, and accessories show signs of heavier wear, The RealReal’s report said demand for fair condition bags is up 130% this year. For example, a Chanel flap bag in “fair condition” is $4,900, but in “excellent” could cost 65% more, or about $8,000. But, with the recent rise in fair condition, shoppers have embraced imperfection. They’re willing to buy older, worn items that are made well and still remain beautiful, and they wear them with pride,” said McCandless. Within certain fashion circles, the worn look has become a badge of honor,” she said.

Persons: Alexander McQueen, aren’t, Rati Sahi Levesque, Samantha McCandless, ”, McCandless, “, Millennials, Z, “ We’re Organizations: New, New York CNN, CNN Locations: New York

CNN —Nigeria’s former oil minister Diezani Alison-Madueke has been charged with bribery offenses following an investigation by the UK’s National Crime Agency, which alleges she accepted bribes in exchange for multimillion-pound oil and gas contracts while in government. The agency said that Alison-Madueke, who currently resides in London, will appear at Westminster Magistrates Court on October 2. “Bribery is a pervasive form of corruption, which enables serious criminality and can have devastating consequences for developing countries. Alison-Madueke also served as the first female president of the Organization of the Petroleum Exporting Countries (OPEC). Nigeria, Africa’s most populous country and biggest oil producer, is one of 13 countries in OPEC.

Persons: CNN —, Diezani Alison, Madueke, “, Cartier, ” Alison, Goodluck Jonathan, Alison, ”, Andy Kelly Organizations: CNN, Crime Agency, National Crime Agency, Louis Vuitton, Organization of, Petroleum Locations: London, Westminster, Nigeria, Africa’s

Ikeguchi had also made “several disparaging remarks” about the flag before shooting Carleton, the sheriff’s office said in a news release. The store’s flag has been torn down several times before, but it was always replaced with a bigger flag, Carleton’s daughter, Ari Carleton told CNN’s Anderson Cooper on Monday. “I know that she passed standing up for something she believed in,” Ari Carleton said. Hollywood director Paul Feig paid tribute to Lauri Carleton, calling her a wonderful friend. Lauri Carleton and her husband were married for 28 years and share “a blended family of nine children,” according to the website.

Persons: Laura Ann “ Lauri ” Carleton, Travis Ikeguchi, Ikeguchi, “, Carleton, Sheriff Shannon Dicus, ”, Ari Carleton, CNN’s Anderson Cooper, . Carleton, Kelley Robinson, Gavin Newsom, Dicus, ” Ari Carleton, Lauri Carleton’s, Paul Feig, Lauri Carleton, Bort, Lauri, ” Feig, ” Lauri Carleton’s, “ Lauri, ” Matthew Clevenger, Clevenger, “ It’s Organizations: CNN, San, San Bernardino County Sheriff’s, Carleton, ., Human, Twitter, ArtCenter College of Design, Lake Arrowhead Locations: Southern California, Cedar Glen, Los Angeles, San Bernardino County, California, ” California, Pasadena , California

☆ The most expensive cars sold at Pebble Beach, even amid disappointing auctions
▼ + stars: | 2023-08-21 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Total sales for the more than 1,200 cars sold over five auctions at Monterey and Pebble Beach reached $397 million, the second-highest total ever for the auctions according to Hagerty, the classic-car insurance company. "The cooling market we've observed for the past 15 months finally reached the Monterey auctions after having little impact last year," Hagerty said in a report. Total online collector-car auctions pulled in around $1.9 billion last year, just below the $2.4 billion from live auctions, according to Hagerty. Bonhams sold a 1967 Ferrari 412P for $30.25 million, which made it the the fourth most expensive Ferrari ever sold. Here are the three most expensive cars sold and what they went for.

Persons: Ferrari, Hagerty, Knight Frank, Knight Frank ., Sotheby's, Bonhams Organizations: Monterey, Monterey ., Monterey Car, Ferrari, RM Sotheby's Locations: Monterey, Pebble

☆ Klamath, California: The Salmon Festival is not serving salmon this year, with the hope of restoring a food central to area tribes
▼ + stars: | 2023-08-20 | by ( Nick Watt | ) edition.cnn.com time to read: +5 min

CNN —The Yurok Tribe’s annual salmon festival in Klamath, California, is a little different this year. Kids play a traditional Yurok sport known as the "stick game" at the Salmon Festival in Klamath, California. Julian Quinones/CNN“The smell of salmon should be in the air,” said Gerogianna Gensaw, a Yurok member whose husband is a salmon fisherman, and who feeds her kids salmon nearly every day in life. “It feels like having a party, but your favorite person isn’t there.”Salmon are central to the Yurok, whose territory stretches 40 miles or so up the Klamath River from this beautiful, rugged coast. Julian Quinones/CNNBut despite a lack of the sweet smell of cooking salmon at this year’s festival, there is a festive air.

Persons: Julian Quinones, Georgianna, ”, Gerogianna Gensaw, ” Salmon, Frankie Myers, ney, puey, ’ ”, Brook Thompson, CNN “, escarpments, they’ve, Myers, ” Myers, Oscar Gensaw, Gerogianna, “ Organizations: CNN, Salmon, Pacific Fishery Management Council, TNT Locations: Klamath , California, Yurok, California, Trinity

☆ Jewelry worth up to $63,000 was stolen from one of the world's top museums and sold on eBay for as little as $50, report says
▼ + stars: | 2023-08-19 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Several jewelry items worth up to $63,000 were stolen from the British Museum in London. A museum curator suspected of being behind the thefts was fired, and police are investigating. Some of the items were worth up to £50,000, or approximately $63,000, and were listed on eBay for as little as £40, or $50, according to British newspaper The Telegraph. An independent review is underway to establish what is missing, attempting to recover the missing items and preventing future thefts. A spokesman for the British Museum told the paper: "We have conducted a thorough investigation, identified the person we believe to be responsible, and that person has been dismissed.

Persons: Peter Higgs, Higgs, Greg, Greg Higgs, He's, I've, Nobody, Martin Henig Organizations: British Museum, eBay, Service, British, Telegraph, The Telegraph, University of Oxford Locations: London, Wall, Silicon

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Persons: Dow Jones

Brazil's former President Jair Bolsonaro talks with media upon his arrival at Brasilia International Airport, Brazil June 30, 2023. A congressional inquiry surrounding those riots, along with police investigations overseen by the Supreme Court, have steadily deepened Bolsonaro's legal exposure since he begrudgingly left office. The Supreme Court declined to comment. The police access to the Bolsonaros' phone and bank records capped a day of setbacks for the former president. Later on Thursday, news magazine Veja reported that Bolsonaro's former right-hand man Mauro Cid planned to confess his involvement in crimes related to the alleged sale of jewelry gifted by foreign governments.

Persons: Jair Bolsonaro, Ueslei Marcelino, mulled, Bolsonaro, Luiz Inacio Lula da Silva, begrudgingly, Justive Alexandre de Moraes, Michelle Bolsonaro, It's, Walter Delgatti, Mauro Cid, Cezar Bitencourt, Bitencourt, Veja's, Paulo, Cid, Ricardo Brito, Anthony Boadle, Gabriel Stargardter, Brad Haynes, David Gregorio Our Organizations: Brasilia International, REUTERS, Rights, Supreme, Defense Ministry, Estado, Estado de S, Thomson Locations: Brazil, Rights BRASILIA, Brazilia, Estado de

☆ The airline lost his bags. He crossed the Atlantic to find them
▼ + stars: | 2023-08-17 | by ( Julia Buckley | ) edition.cnn.com time to read: +12 min

Flying over, they had a 90-minute layover in London, which should have been enough – British Airways recommends an hour between flights. Plenty of travelers these days are packing tracking devices into their bags, meaning that they can see where their “lost” bags are when airlines drop the ball. Each day, buying clothes and toiletries when needed, the family logged into British Airways’ lost luggage system to see where their bags were. Searching for her own lost bags in Florence airport, she had seen theirs and, after noting details on the tags, wanted Bunce to know they were there. The British Airways system still told them that the bags had not been traced, but now they had a lead.

Persons: Brett Bunce, Bunce, Gwyn, Carolina, Bel Paese, she’d, Sandra Shuster, “, ”, Anne Johnson, Tim Clayton, Corbis, it’ll, ” Keen, He’d, you’d, he'd, Brett Bunce Bunce, – they’d, “ I’m, Aleandro, you’re Organizations: CNN —, British Airways, London Heathrow, United Airlines, Baltimore, Staff, Getty, American Airlines, Florence Peretola Airport, ”, CNN, FedEx Locations: Italy, Florence, Miami, London, Rome, Naples, Heathrow, Denver, Chicago, Colorado, Carolina, we’d, cobblestones

☆ 'Urgent warning' in Australia as unusually high temperatures spark early start to snake season
▼ + stars: | 2023-08-17 | by ( Caolán Magee | ) edition.cnn.com time to read: +2 min

CNN —Warming global temperatures are dangerous for people in many ways, but they’re proving ideal for one type of animal: venomous snakes. As Australia’s east coast experiences one of its warmest winters on record, snake season appears to have started early. The Australian Reptile Park has issued an “urgent warning” for people to be on the look out for venomous snakes. A rise in temperatures, coupled with winter rainfall, is the perfect environment for venomous snakes to become more active, the Australian Reptile Park said in a statement. As the world continues to burn planet-warming fossil fuels, and global temperatures soar, Australia’s winters have been steadily warming.

Persons: Billy Collett Organizations: CNN, New, Australian, of Meteorology, Royal Society for, Animals Locations: New South Wales

☆ Ten foreigners arrested as $735 million in cash and assets seized in Singapore
▼ + stars: | 2023-08-17 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —Ten foreign nationals have been arrested in Singapore on suspicion of committing offenses such as forgery and money laundering after about S$1 billion ($735 million) worth of cash and assets were seized in raids across the country. Two gold bars, more than S$23 million ($17 million) in cash, more than 250 luxury bags and watches, more than 270 jewelry items, more than 120 electronic devices and 11 documents related to virtual assets were seized, according to police. Also targeted were 94 properties and 50 vehicles, with an estimated total value of more than S$815 million ($599 million), police added. Prohibition of disposal orders were issued against 50 vehicles and 94 properties -- with an estimated total value of more than S$815 million ($599 million). If found guilty, individuals charged with money laundering could face up to 10 years in prison and/or a fine of up to hundreds of thousands of dollars.

Persons: David Chew, Ho Hern Shin Organizations: CNN, Singapore Police Force, Police, Facebook, Reuters, Cypriot, Commercial Affairs Department, Financial Intelligence, Monetary Authority of Singapore, MAS, Gallup’s Global Locations: Singapore

☆ British Museum Fires Employee After Gems, Gold Jewelry Stolen
▼ + stars: | 2023-08-16 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Police investigating staffer’s alleged theft of jewelry, artifacts from British Museum in London
▼ + stars: | 2023-08-16 | by ( Radina Gigova | ) edition.cnn.com time to read: +2 min

CNN —An employee at the British Museum has been dismissed — and the Metropolitan Police has launched an investigation — after a number of items from the museum’s collection were found to be “missing, stolen or damaged,” the museum said in a statement Wednesday. “The British Museum has launched an independent review of security after items from the collection were found to be missing, stolen or damaged. A member of staff has been dismissed, and the Museum will now be taking legal action against the individual,” the museum said. “The matter is also under investigation by the Economic Crime Command of the Metropolitan Police.”“We have been working alongside the British Museum. The Trustees have taken decisive action to deal with the situation, working with the team at the Museum,” said George Osborne, chair of the British Museum.

Persons: —, “, ”, Hartwig Fischer, ” Fischer, ” “, George Osborne, Osborne, ” Osborne Organizations: CNN, British Museum, Metropolitan Police, British, Economic, Command, Museum Locations: British

☆ A luxury department store in San Francisco threatens to shut up shop after 162 years, describing the city as 'unlivable' for its residents and 'unsafe' for its staff
▼ + stars: | 2023-08-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

The owner of luxury San Francisco retailer Gump's warned that this holiday season "may be our last." He said San Francisco is "unlivable for its residents, unsafe for our employees, and unwelcoming to visitors." Gump's is located just off Union Square in downtown San Francisco. Chachas made his remarks in an open letter to California Governor Gavin Newsom, San Francisco Mayor London Breed, and the San Francisco Board of Supervisors in which he criticized their leadership, published as a paid-for ad in Sunday's edition of The San Francisco Chronicle. "Such abject disregard for civilized conduct makes San Francisco unlivable for its residents, unsafe for our employees, and unwelcoming to visitors from around the world."

Persons: Gump's, John Chachas, Chachas, Gavin Newsom, unlivable, San, Newsom Organizations: Service, San Francisco Mayor London Breed, San Francisco, of Supervisors, San Francisco Chronicle, Census Bureau, San, City, Statistics, San Francisco's Department of Public Health, Public, Whole Foods, Navy, Supervisors, Chachas Locations: San Francisco, Francisco, Wall, Silicon, downtown San Francisco, California, New York, Texas, Florida, San Francisco's, City and County

☆ British Museum Fires Worker Accused of Stealing Gold and Gems
▼ + stars: | 2023-08-16 | by ( Alex Marshall | More About Alex Marshall | ) www.nytimes.com time to read: +1 min

The British Museum has fired a staff member on suspicion of looting jewels from a storeroom and started a review of its security practices, the museum announced Wednesday. The worker, who has not been named, stole or damaged items including gold jewelry and “gems of semi-precious stones and glass” dating from the 15th century B.C. to the 19th century A.D., the museum said in a news release. The museum said that the majority of the items were small pieces kept in a storeroom. None had recently been on public display, the museum said, adding that “they were kept primarily for academic and research purposes.”

Organizations: British

☆ China reports big data miss in July, stops releasing youth unemployment numbers
▼ + stars: | 2023-08-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Retail sales rose by 2.5% in July from a year ago, below expectations for a 4.5% increase, according to analysts polled by Reuters. Within retail sales, catering saw the biggest increase of 15.8%, while sports and entertainment products saw a 2.6% year-on-year increase. Retail sales posted the slowest growth since a decline in December, according to official data. Top leaders in late July signaled a shift away from its crackdown on real estate speculation. But the overall approach to additional stimulus has been cautious, especially in real estate.

Organizations: Bloomberg, Getty, National Bureau, Statistics, Reuters, National Bureau of Statistics, CNBC, Authorities Locations: BEIJING, China

☆ We are trying to democratize diamonds, Pandora CEO says
▼ + stars: | 2023-08-15 | 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 EmailWe are trying to democratize diamonds, Pandora CEO saysPandora CEO Alexander Lacik discusses the company's results and the jewelry maker's plans to enter the Chinese market.

Persons: Alexander Lacik Organizations: Pandora

Whole Foods temporarily closed one of its San Francisco locations due to rampant shoplifting and continued threats to workers and customers. Park Hotels and Resorts, the investment firm that owns Hilton San Francisco Union Square and Parc 55 hotels, also recently revealed it would leave the city. A bus drives by the Westfield San Francisco Centre on June 14, 2023 in San Francisco, California. Downtown San Francisco has an estimated 18.4 million square feet of available real estate. While violent crime statistics in San Francisco have remained relatively low in recent years, compared to other major cities, property crimes have risen since 2020, according to San Francisco Police Department data.

Persons: Los Angeles CNN — John Chachas, Governor Newsom, ” Chachas, Chachas, San Francisco “ unlivable, Gavin Newsom, Justin Sullivan, Nordstrom, Thomas Baltimore , Jr, ” What’s Organizations: Los Angeles CNN, London Breed, city’s, San Francisco Chronicle, Chachas, Republican, London, San, Anthropologie, Whole Foods, Westfield, Resorts, Hilton San Francisco, Square, Westfield San Francisco Centre, San Francisco Police Department, University of California Locations: San Francisco, California, Francisco, ”, Nevada, San Francisco’s, Union, San Francisco’s Union, San Francisco , California, Park, San Francisco's, U.S, Canada, Downtown San Francisco

☆ I'm a college senior. Here's what I recommend all incoming freshmen get for their dorm rooms — and everything they can leave at home.
▼ + stars: | 2023-08-13 | by ( Arundhati Ghosh | ) www.businessinsider.com time to read: +6 min

I recommend incoming college freshmen buy steamers and dry-erase boards for their dorms. As a senior at the University of Texas at Austin, I know how stressful dorm shopping can be. The mattress topper is also not likely to transfer to your college apartment once you leave dorm life behind. You probably won't need a bed caddyPretty much anything you would put in a bed caddy just ends up on your desk or on the shelf or drawers you get assigned. A diffuser can annoy your new roommateHaving a diffuser probably won't be allowed in your dorm building, but it's also something that could disturb the peace with your roommate.

Persons: I'm, They're, they're, it's, It's, — Organizations: University of Texas, Service, Privacy Locations: Austin, Wall, Silicon

Some Hawaii residents who lost their homes and jobs said they could not see how they would be able to stay. Many said they feared Lahaina would simply re-emerge as another Waikiki, dominated by corporate-owned luxury brands and packed with tourists. Four of her employees lost their homes. Already, a friend who ran a jewelry business in Lahaina told her that he planned to move his family to Kentucky. She said she hoped officials would approve building permits for reconstruction and allow people to reopen businesses that employ workers quickly.

Persons: Angie Leone Organizations: Leones Locations: Hawaii, Lahaina, Waikiki, Kentucky

☆ Retailers are shaping a wave of laws to crack down on organized theft — here's how they do it
▼ + stars: | 2023-08-11 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

Since 2022, at least nine states – six so far this year – have passed laws to impose harsher penalties for organized retail crime offenses. The new and proposed laws aim to deter brazen retail crime and go after the so-called kingpins who lead organized theft groups. But critics say the measures may not actually reduce organized retail crime, and could disproportionately harm marginalized groups. Plus, dozens of states already have organized theft laws on the books and the crime is still increasing, according to trade associations. Retailers and lawmakers say the misdemeanor charges have emboldened theft groups and allowed organized retail crime to spread.

Persons: Scott Olson, Doug McMillon, shoplifters aren't, Adrian Hemond, It's, they're, Chuck Grassley, Catherine Cortez Masto, CORCA, Cortez Masto, Cortez, Grassley, Sen, Anna Moneymaker, David Johnston, Jake Horowitz, Horowitz, criminologists, JC Hendrickson, Hendrickson, it's, cleaver, Manhattan, Manhattan DA Alvin Bragg, Barry Williams Organizations: CNBC, National Retail Federation, Walmart, U.S . Senate, Grassroots, eBay, Target, Coordination Center, Nevada Democrats, Cheyenne High School, Pew Charitable Trust, Justice Action Network, Walgreens, Manhattan DA, New York Daily, Getty Locations: Chicago , Illinois, U.S, Iowa, North Las Vegas , Nevada, Florida, Manhattan , New York, New

Image The Pioneer Inn in Lahaina, Hawaii, last year. Image Shops and dining destinations along the sidewalks and streets in Lahaina, Maui. Mr. Hedani said the fabled beach areas on Oahu that Hawaii is best known for held nothing on Lahaina. “The sunset looks fake every time I see it.”Image Sunset in Lahaina, Hawaii. “What happens when you take away the most important street on Maui?” he said.

Persons: George Alan Freeland, Freeland’s, ”, Theo Morrison, Daejas, Baldwin, Ephraim Spaulding, Dwight Baldwin, Morrison, Mark Twain, “, —, Kiha Kaina, Patrick T, Kaina, Lee Anne Wong, Wong, Tony Novak, Clifford, Ronald Williams, Williams, it’s, Jared Hedani, Tommy Bahama, Hedani, “ You’re, Jim Wilson, Kamehameha the, Kaniela Ing, Ing, “ I’d, Amy Qin, David W, Chen, Mitch Smith Organizations: Lahaina Restoration Foundation, The New York Times, East Coast, ., Fallon, Agence France, French Culinary Institute, Hawaii State Archives, New York Times, Green New Deal Network Locations: Lahaina, British, Maui, Hawaii, “, United States, Lahaina , Hawaii, Massachusetts, East, Berkeley, Calif, ”, Papa’aina, New York City, Maui . Credit, Mexico City, Shaw, Paradise, Oahu, Waikiki

Frederick Wassef, lawyer representing Brazil's President Jair Bolsonaro and Senator Flavio Bolsonaro, attends an inauguration ceremony at the Planalto Palace, in Brasilia, Brazil June 17, 2020. The search warrant issued by Supreme Court Justice Alexandre de Moraes followed police allegations that Bolsonaro's aides used government resources for their personal advantage. The decision by Moraes, seen by Reuters, said proceeds of the sales were delivered in cash to Bolsonaro via intermediaries. The raids follow an investigation into jewelry worth some $3 million given by the Saudi Arabian government as a presidential gift to Bolsonaro, which he failed to declare. The police investigation has established that Bolsonaro aides tried to recover the Saudi jewelry given to then-first lady Michelle Bolsonaro after it was seized in October 2021 in Sao Paulo by customs officials, who found the gems in an aide's backpack when he entered Brazil from Riyadh.

Persons: Frederick Wassef, Jair Bolsonaro, Flavio Bolsonaro, Adriano Machado, Alexandre de Moraes, Moraes, Mauro Cesar Cid, Bolsonaro's, Col Mauro Cid, Wassef, Mauro Cid, Cid, Bolsonaro, Michelle Bolsonaro, Ricardo Brito, Maria Carolina Marcelo, Rodrigo Viga Gaier, Carolina Pulice, Anthony Boadle, Brad Haynes, Rosalba O'Brien Organizations: REUTERS, RIO DE, Supreme, Federal Police, Reuters, Thomson Locations: Brasilia, Brazil, BRASILIA, RIO, RIO DE JANEIRO, Bahrain, Bolsonaro's, Saudi, Sao Paulo, Riyadh, Brasiia, Rio de Janeiro

☆ Gold prices to breach all-time highs? Some expect bullion to hit $2,500
▼ + stars: | 2023-08-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

Spot gold prices hit a record intraday high of $2,072.5 on Aug. 7, 2020, according to data from Refinitiv. We also see a return of physical gold jewelry demand from China and India as both economies stabilize and retail spending returns. Gold prices tend to have an inverse relationship with interest rates. "We also see a return of physical gold jewelry demand from China and India as both economies stabilize and retail spending returns," Heng said. Chinese retail gold demand has been resilient in 2023 even as consumption of other commodities remained weak, Citi said in a July report.

Persons: Sven Hoppe, Bart Melek, Melek, David Neuhauser, Neuhauser, Randy Smallwood, Heng, Heng Koon, UOB Heng, Citi's, Doshi Organizations: Getty, Refinitiv, CNBC, Securities, U.S . Federal, Livermore Partners, Fed, Wheaton Precious Metals, greenback, Markets, Federal Reserve, Citi, Commodities, Future Publishing Locations: U.S, China, India, Yichang, Hubei province

☆ On the Hudson, Visions for a New Native American Art
▼ + stars: | 2023-08-10 | by ( Holland Cotter | More About Holland Cotter | ) www.nytimes.com time to read: +2 min

“Deer Woman’s New Certificate-of-Indian-Blood-Skin” by Natalie Ball, which suggests a kind of quilted explosion, certainly has presence. Larger than either are fiber weavings, modeled on Indigenous jewelry forms, by Eric-Paul Riege, the exhibition’s youngest participant. Riege uses them as props in performances — pushes them aside, moves them around — and visitors are permitted (encouraged, even) to touch them. Sound was a vital component of the 1969 vision for a new American Indian Theater, which I take to mean a new Indian Art. In the early 1960s, when a craze for folk and ethnic music was high, a company called Indian Records, Inc. released many LPs of Native music.

Persons: Natalie Ball, Gabrielle L’Hirondelle Hill’s, Eric, Paul Riege, —, Gibson, Rebecca Belmore, Maria Hupfield —, Ida Halpern, Sonny Assu’s Organizations: American Indian Theater, Indian Records, Inc Locations: British Columbia, Vienna

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