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☆ It's not just you — furniture is garbage these days. Here's what you can do about it.
▼ + stars: | 2024-02-03 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +10 min

AdvertisementMike Coleman has seen a lot in his five years selling vintage furniture. Reselling high-quality, vintage furniture is a growing business. taikrixel/Getty ImagesHow furniture materials got so…cheapInnovation in materials during the 20th century disrupted the furniture business. It's not just about where you look for quality furniture, but also about rethinking the decision-making process before purchasing a piece. Coleman, of Big Mike's, said even he acknowledges that in today's world, it's impossible to buy vintage 100% of the time.

Persons: —, Mike Coleman, I'm, Coleman, CoCo Ree Lemery, grandkids, Lemery, Jonathan Adler, it's, There's, she'd, James W, Gayle DeBruyn, Anthropologie, DeBruyn, Gary Coronado, Big Mike's Organizations: Service, Purdue University, Consumers, Furniture, Kendall College of Art, Ferris State University, Urban, Los Angeles Times, Facebook, Ikea Locations: Chicago, China, Williams Sonoma, India, Zara, Banana Republic, Watts, Los Angeles , CA

☆ Stanley announces new limited-edition collab with the NBA's Utah Jazz
▼ + stars: | 2024-01-31 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Ticketholders will be the first to have access to the limited-edition cups, which will be available in both black and white. The Utah Jazz will be selling exclusive Stanley Quenchers emblazoned with the Jazz logo at the team's next home game against the Milwaukee Bucks on Sunday, February 4. The drop is part of a multi-year agreement between Stanley and the Jazz. Stanley is particularly popular in Utah. If Stanley's recent drops are any indication, the Jazz cups should be a hot commodity.

Persons: Stanley, Stanley Quenchers, Lainey Wilson, Joanna Gaines Organizations: Delta Center, Jazz, Utah Jazz, Milwaukee Bucks, Starbucks, eBay, HGTV Locations: Utah

☆ Palestinians are eating grass and drinking polluted water as famine looms across Gaza
▼ + stars: | 2024-01-30 | by ( Sana Noor Haq | Rosa Rahimi | ) edition.cnn.com time to read: +14 min

“They are weak now, they always have diarrhea, their faces are yellow,” El Jamara, whose family was displaced from northern Gaza, told CNN on January 9. “Unfortunately, many relatives and friends are still in the northern Gaza Strip, suffering a lot,” Hamouda, a father-of-three, told CNN. The first 1,000 days of a child’s life are “absolutely critical” for physical growth and cognitive development, Inglis told CNN. “It is not enough to meet my family’s needs at all,” the student, who is sheltering in a tent in Rafah, told CNN. “We simply don’t have enough, and we cannot keep up with the overwhelming needs of people on the ground,” she told CNN.

Persons: CNN — Hanadi Gamal Saed El Jamara, El Jamara, Arif Husain, Martin Griffiths, “, ”, El, Mohammed Hamouda, Odeh Al, Haw, Hamouda, Yahya Hassouna, Israel, ” Hamouda, Jabalya, Gihan, Baz, ” El Baz, Hoor, Hazem Saeed Al, Mohammed Hamouda Hamouda, Abu Youssef Al, Rebecca Inglis, Inglis, Shadi Bleha, Khan Younis, OCHA, Mohammed Hamouda Juliette Touma, Naizi Organizations: CNN, Food Programme, Integrated Food Security, UN, of Health, “, Getty, United Nations Relief, Works Agency for Palestine Refugees, UNRWA, Najjar Hospital, UNICEF, World Health Organization, United Nations Population Fund, WFP, OCHA, World, Al Locations: Rafah, Gaza, Israel, Egypt, “, Gaza City, AFP, East, Britain, Al, Territories, Deir al, Balah

☆ Some baby brands have a cult-like following. Kyte Baby’s went sour
▼ + stars: | 2024-01-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Hobbs says she owns 120 pieces of bamboo fiber baby pajamas, which can run from $32 to $38 for brands such as Bums & Roses, Posh Peanut and Kyte Baby. Courtesy Emilee HobbsThere are a number of bamboo clothing brands. The swift backlash to Kyte Baby was just as strong as its fans’ devotion had been. One person filmed themselves flinging away a Kyte Baby onesie into the snow in protest to ’N Sync’s “Bye Bye Bye.” Others said they would be selling their Kyte Baby items. A “Sienna Woodland" footie from bamboo clothing brand Kyte Baby.

Persons: New York CNN — Emilee Hobbs, Hobbs, Kyte, “, ” Hobbs, ‘, ” Emilee Hobbs, ”, Emilee, Momfluencers, Kyte Baby, Ying Liu, onesie, isn’t, it’s, Jacqueline Babb, ” Babb, TikTok, Instagram, Son, she’s, ” Son, Sleepies, Brands, Babb, “ I’ve, It’s, CNN’s Eva Rothenberg Organizations: New, New York CNN, Northwestern University, Facebook, Inc, Business Locations: New York, Georgia, sienna, Arkansas, United States, Kyte

☆ 3 Amazon sellers who got started with less than $5,000 share the strategies they used to scale from zero sales to six-figures
▼ + stars: | 2024-01-13 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

If you're looking for an extra income stream, selling products online is one option. Courtesy of Sahaj DhingraDuring the summer between his sophomore and junior years of college, Sahaj Dhingra did $100,000 worth of Amazon sales in three and a half months. One strategy he implemented about a month after launching helped him scale quickly: He started listing products before buying the inventory. Shan Shan Fu used Etsy as a testing ground for what would sell best on AmazonShan Shan Fu, founder of Millennials In Motion. Courtesy of Shan Shan FuShan Shan Fu sold enough socks and tights on Amazon that she felt comfortable leaving corporate America to work for herself.

Persons: Sahaj Dhingra, Jatin Naran, Jatin Naran Jatin Naran, Naran, Fu, Shan, Shan Fu Organizations: Business, Costco, Amazon, Google, Millennials Locations: College, Dhingra, London, America

As my living expenses have increased after moving from a condo to a townhouse , I've been assessing how I can spend with more intentionality. I've always prided myself in being somebody who frequently declutters my physical belongings, but four boxes of beauty and wellness products begged to differ. Going into 2024, here are four ways I'm making an effort to spend and save with more intentionality. In that time, I usually find that my desire to buy those items goes down significantly. Build a Budget The best budgeting apps can help you get your finances in order and track your monthly spending.

Persons: I've, Berna Anat, Anat, haven't Organizations: Service, Business, Facebook, Quicken Locations: Berna, O'ahu, Pakistani, Patagonia

☆ A Gen Z-er did six-figures in Amazon sales on a $3,000 budget using retail arbitrage. He explains how he's shifting his e-commerce strategy to create a more sustainable and passive income stream.
▼ + stars: | 2024-01-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

"There's a low barrier to entry," the 20-year-old told Business Insider of the main reason he started with retail arbitrage. The trade-off is that retail arbitrage is a time-intensive strategy. Like arbitrage, you're buying and reselling an existing product; but you're buying in bulk, meaning you're spending more money upfront on inventory. Starting a private label brand is going to require the most upfront investment, both in terms of your time and money. Comparatively, with retail arbitrage, "I'm handling everything," he said.

Persons: —, Sahaj Dhingra, Dhingra, you've, He's Organizations: Service, Costco, Walmart, Amazon, Business, Virginia Commonwealth University, VCU

☆ A 20-year-old brought in $100,000 in 4 months reselling Costco goods on Amazon. He explains the metrics he looks at to select profitable products.
▼ + stars: | 2024-01-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Most of the products Dhingra resells fall under the grocery category, like sparkling water, soda, energy drinks, and protein shakes. To find profitable products, he considers two specific metrics. That's why Dhingra is looking for profitable products; he wants something that has "some fluff around the margins," he said. AdvertisementBSR scores and demand evolve, so he's always on the hunt for profitable products. That's why he always likes to have some capital set aside in case he discovers a new, profitable product.

Persons: —, Dhingra, he's Organizations: Service, Costco, Walmart, Business, Amazon

☆ Airbnb hosts are happily paying this startup $49 a month to take out the trash
▼ + stars: | 2024-01-06 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Some Airbnb guests have protested loudly that cleaning fees are too high and the chores some hosts request upon checkout are too onerous. For $49 a month, it's one less stressor for short-term rental property owners or managers in an increasingly competitive business. Courtesy of Can MonkeyCan Monkey has found customers by starting Facebook groups for Airbnb hosts and owners. Shapiro said he used to get kicked out of other Facebook groups for Airbnb hosts because he posted about Can Monkey, so he started his own. Can Monkey runners have seen guests throw out brand-new suitcases, expensive pool floats, and barely-used elaborate party decorations, he said.

Persons: —, Marc Zagoury, Monkey, Alex Shapiro, Shapiro, Uber, hasn't, It's Organizations: Service, Business, Facebook Locations: Scottsdale , Arizona, Phoenix, Scottsdale, Miami, San Diego, Austin, Denver, Orlando, Nashville, Airbnbs

☆ A 20-year-old college student brought in $125,000 in 7 months doing retail arbitrage on Amazon. He explains how he got started with $3,000 upfront.
▼ + stars: | 2024-01-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Low-risk retail arbitrage is time-intensive, however. He had a few summer vacation months ahead: the perfect opportunity to scale a retail arbitrage operation. With FBA, he wouldn't have been able to list products until Amazon received them, which would have killed his strategy of listing products before purchasing inventory. Dhingra, now 20, is in his junior year at VCU and focused on other entrepreneurial projects since retail arbitrage requires so much time. He has reinvested 100% of his profits back into the arbitrage business, he said: "I haven't taken a single disbursement from my business checking.

Persons: Sahaj Dhingra, Dhingra, it's, Perrier, Nestlé, it'll, wouldn't, He'd Organizations: YouTube, Amazon, Costco, Walmart, Business, Virginia Commonwealth University, VCU, UPS, USPS Locations: Virginia, Dhingra

☆ Target is testing a new self-checkout policy
▼ + stars: | 2023-11-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Target is testing a new self-checkout policy as retailers are finding the cashier-less technology can put off customers. At a handful of stores, Target has restricted self-checkout to customers buying 10 items or fewer. Target and other retailers had expanded self-checkout machines in recent years. Self-checkout machines sometimes break. Target said that merchandise losses, known as shrink, were not a factor in testing new self-checkout policies.

Persons: John Mulligan, “, we’ve, Michael Fiddelke Organizations: New, New York CNN, Target, BBC, Walmart, Costco, ” Locations: New York, United States, Britain

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ Tesla's backtracked $50,000 resale fee could be a sign the Cybertruck isn't destined for the mainstream yet
▼ + stars: | 2023-11-15 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +4 min

The fee could be a sign the Cybertruck might be a smaller release than expected, experts said. AdvertisementTesla's rescinded $50,000 resale fee is the latest sign the Cybertruck won't hit the market in large numbers anytime soon. These restrictions are rare, but they're most commonly used on limited-production vehicles, Stephen Beck, founder and managing partner of consultancy cg42, told Business Insider. "It's really hard to say how many people on the reservation list will actually buy it," Moody told Business Insider. "There will be just as many people who want to work the system to make money as people who want to own this vehicle," Moody said.

Persons: Tesla, —, Elon Musk, Stephen Beck, cg42, Elon, Beck, Musk, Brian Moody, Moody, Ivan Drury, Edmunds, Drury, Ford, John Cena Organizations: Service, Ford GT, scalpers

☆ Tesla won't sue you for reselling your Cybertruck after all
▼ + stars: | 2023-11-14 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

The Tesla Cybertruck will finally hit the market at the end of the month. The trapezoidal truck has garnered controversy since its 2019 reveal. An unusual resale clause appears to have been removed from Tesla's terms and conditions for the forthcoming vehicle. Previously, in a section titled "For Cybertruck Only," Tesla's Motor Vehicle Order Agreement said the company could sue for $50,000 if you sold your Cybertruck within the first year of ownership. AdvertisementThe trapezoidal truck has garnered lots of attention and polarized car enthusiasts since its 2019 reveal.

Persons: Tesla, —, Dan Ives, Elon Musk, Ives Organizations: Service, Bloomberg Radio

☆ Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year
▼ + stars: | 2023-11-12 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Tesla has released the sale terms for its long-awaited Cybertruck ahead of its 30 November release. AdvertisementAdvertisementCustomers set to receive the first Tesla Cybertrucks this November will be prevented from reselling their vehicles during the first year, according to Tesla's terms and conditions. Tesla added a section titled "For Cybertruck Only" to its Motor Vehicle Order Terms, which laid out the new rules. If Tesla does not want to purchase the vehicle, it may then agree to let the customer sell it to someone else. First announced in 2019, the Cybertruck is Tesla's first new product in years, and it is expected to shake up the electric pickup truck market.

Persons: Tesla, Musk, —, Elon Musk Organizations: Service, Fast Company Locations: @ElectrifyExpo, Austin

☆ Starbucks customers are snapping up $50 Stanley red holiday tumblers and reselling them for as much $300
▼ + stars: | 2023-11-03 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

One of the most sought-after items was a 40-ounce red Stanley tumbler that sold for $49.95. The 40-ounce red Stanley tumbler, labeled Stanley + Starbucks, sold out in many stores where supplies were limited. "The Starbucks x Stanley quencher is a limited supply item, so some stores may have already sold out," a Starbucks spokesperson told Insider. The poster said their store got only two Stanley tumblers, and "partners bought them right at open." The red tumblers are indeed being hawked on eBay for as much as $300.

Persons: Stanley tumbler, —, tumbler, Stanley, quencher, TikToker, Stanley tumblers Organizations: Starbucks, Service, US, Stanley, eBay Locations: Tulsa

☆ A 24-year-old who has built multiple businesses around Amazon got his start doing wholesale on a $1,500 budget. He explains how to pick a product to resell for profit.
▼ + stars: | 2023-10-31 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

There are a few different ways to make money selling products on Amazon : arbitrage, wholesale, and private label. You aren't building your own product; you're simply reselling an existing product. What sets it apart from arbitrage is that you're buying products in bulk directly from a brand or distributor. To avoid the same mistake, you want to look at the listing page of the product you're interested in selling. How to pick a product to sell wholesaleAfter the wholesale mistake, "I went back to the drawing board," said Naran.

Persons: it's, Jatin Naran, Naran, I'm, who'd, he'd Organizations: Wholesale, Google, Amazon Locations: Alibaba, London

☆ 21-year-old spent $300 to start his sticker side hustle—now it brings in up to $38,000 a day: I was 'unprepared' to go viral
▼ + stars: | 2023-10-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

College junior Jayson Siu's side hustle has more than $1 million in sales in less than two years. When Jayson Siu's car accessories side hustle first went viral, he was completely "unprepared." A year later, another of his videos — one featuring an LED-backed light-up sticker — went viral, with more than 9 million views and counting. From stickers to car mirrorsSiu started Invalid.jp as a high school senior, working for a valet company. A friend told him that he could drive sales through TikTok, so he started posting videos "as often as possible," he says.

Persons: Jayson Siu's, Jayson, —, Siu, Invalid.jp, It's, Jayson Siu, doesn't Organizations: CNBC, University of Hawaii, Nissan, YouTube, Twitter, Google, Facebook Locations: Manoa, Honolulu, China

☆ A financially independent 24-year-old who has built multiple businesses around Amazon explains the 3 different tiers of selling there — including the low-cost strategy anyone can use to start making m
▼ + stars: | 2023-10-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

He earns money selling products on Amazon, from brand deals, affiliate links, and YouTube ads, and through his coaching program. Like arbitrage, you aren't building your own product; you're simply reselling an existing product but you're spending more money upfront on inventory. To make sure the product isn't a private label product, look at the listing page for a "buy box" that shows other sellers. If there aren't multiple sellers, "it's likely a private label product," said Naran. Private labelThe third tier, starting a private label brand, is the most time-consuming and costly, but has the most upside.

Persons: Jatin Naran, he'd, he's, Wholesaling, Naran, I'm Organizations: University of London, Amazon Locations: London, Alibaba

☆ Cricket-mad India is hosting the World Cup – and tickets are reselling at astronomical prices
▼ + stars: | 2023-10-13 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

India is hosting the Cricket World Cup over the next two months. Secondhand ticket prices have soared – although some fans say the process to buy them has been poorly-managed. AdvertisementAdvertisementCricket-mad India is currently hosting the sport's flagship event, the ODI World Cup – but fans who want to see the national team play live might have to pay thousands of dollars for the privilege. Tickets are reselling on secondhand marketplaces for sky-high prices, while supporters are complaining that the process to buy seats for marquee games has been poorly managed. AdvertisementAdvertisementThe official website for the World Cup says tickets for future India matches are "coming soon" – even though the Rohit Sharma-led side are slated to take on New Zealand in Dharamsala in just 10 days' time.

Persons: Bloomberg he’d, —, Nikhil Wadhwani, he'd, –, Wadhwani, Rohit Sharma, Taylor Swift, Olivia Rodrigo Organizations: Cricket, Bloomberg, Service, Pakistan's, scalpers, New Zealand, NBA, England Locations: India, Pakistan, Ahmedabad, Mumbai, New, Dharamsala, Australia

☆ Las Vegas' Sphere is the latest high-tech concert venue everyone is talking about
▼ + stars: | 2023-10-05 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

The buzziest new entertainment arena is a glowing orb near the Las Vegas strip. The Sphere opened last weekend with a U2 concert attended by the likes of Jeff Bezos and Oprah Winfrey. The biggest draw of the night was arguably not the Irish rock band, though, but the venue itself: the Sphere. The Sphere is a massive, dome-shaped music and entertainment venue that just opened near the Las Vegas strip. "The Sphere in Las Vegas might be the best $2.5 billion dollars ever spent," one person said on X, formerly known as Twitter, alongside a video of the sphere as an emoji.

Persons: Jeff Bezos, Oprah Winfrey, —, LeBron James, James Dolan, Greg Doherty, Lauren Sanchez, Bezos, Kevin Mazur, Darren Aronofsky, hasn't, Harry Styles Organizations: Service, Garden Company, New York Times Locations: Vegas, Madison, overbudget, Las Vegas

☆ I resell tickets online and make up to $32,000 in profit a month. Here's how I do it.
▼ + stars: | 2023-10-03 | by ( Sasha Weilbaker | ) www.businessinsider.com time to read: +6 min

After selling a few tickets to make a hockey game more affordable in 2014, he continued to resell. Now 65% of the tickets that I resell are to sporting events, while 35% are events including concerts, Broadway shows, and comedy events. My favorite selling platform is TickPick because I find that it has the best pricing for purchasing, and its customer service is excellent. Pricing depends on each sellerI know many sellers who try to price their tickets for as cheap as possible. In May, I sold 850 tickets for just under $121,000 in sales, which equaled about $32,000 in profit, but this number ranges from month to month depending on the season.

Persons: —, Shiraz Mawani, Bruno Mars, Katy Perry, I'm, it'll, there's, it's Organizations: Service, NHL, Craigslist, Broadway Locations: Shiraz, Toronto

☆ Fast fashion is leaning into resale, but it may do little to reduce emissions, new study says
▼ + stars: | 2023-09-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Fast-fashion retailers like Zara, Shein and H&M are using resale platforms to reduce their carbon footprints, but the programs are projected to do little to reduce emissions, a new study released Tuesday found. The study analyzed five brand archetypes, spanning fast fashion to premium apparel, and how reselling previously owned items could affect their overall carbon emissions between 2023 and 2040. It found that fast-fashion retailers, which create about 11.5 kilograms (25.3 pounds) of carbon dioxide for every item they make, will only reduce their emissions by 0.7% with resale programs. Outdoor brands, like Patagonia and the North Face, create about 12.5 kilograms of CO2 per item and could reduce emissions by 15.8%, according to the study. Ruben said it takes a lot of work for fast-fashion retailers to implement resale programs, but "you're not getting a lot of juice for the squeeze."

Persons: Andy Ruben, Tory Burch, Ralph Lauren, they're, Ruben, you've Organizations: Trove, Deloitte, McKinsey, University of California, CNBC, Outdoor, U.S . Securities, Exchange Commission Locations: Guangzhou, China, Brazil, Zara, Shein, Berkeley, Patagonia, reselling

☆ 'Cash-flow' podcaster made off with millions in Ponzi scheme, SEC alleges
▼ + stars: | 2023-09-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

But Motil's self-described success was an elaborate façade, according to regulatory filings and Ohio bankruptcy proceedings. In a 29-page complaint, the SEC laid out how Motil issued "promissory notes" fully collateralized by property across Ohio to dozens of investors. "Nearly everything about his scheme was a lie," the financial regulator's complaint read. In one instance, according to the SEC, Motil managed to get more than $1 million from 20 different investors for just one single-family home valued at no more than $130,000. Motil and his wife, Amy, profited handsomely from the scheme, the SEC alleged.

Persons: Matt Motil, Motil, Amy Organizations: U.S . Securities, Exchange Commission, Washington , D.C, SEC, CNBC, U.S, Trustee, Federal Trade Commission Locations: Washington ,, An Ohio, Ohio

☆ The IRS is going to know if you made big money reselling tickets for tours by the likes of Taylor Swift or Beyoncé
▼ + stars: | 2023-09-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

A new law will require ticketing platforms to tell the IRS about users who made over $600 this year. AdvertisementAdvertisementBut this year the topic of ticket resales has made headlines, as prices for big events surged. The average price for a Beyoncé concert ticket averaged $380, while fans wanting to see Harry Styles live needed to fork out an average of $400, the Journal reported. CHANDAN KHANNA/Getty ImagesThe resale of Taylor Swift's Eras Tour tickets has caused the most commotion, as hugely inflated prices, fake ticket sales, and site crashes angered her fanbase. One Swiftie said she even saw some ticket prices for a Swift concert going for more than $30,000.

Persons: resales, Lionel Messi, Harry Styles, CHANDAN KHANNA, Swiftie Organizations: IRS, Taxation, Service, American, Ticketmaster, Street Journal, MLS, Inter Miami CF Locations: Wall, Silicon

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