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☆ Canada Goose caution on U.S. eclipses upbeat annual sales forecast
▼ + stars: | 2023-05-18 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

However, shoppers in the United States are putting a pause to a post-pandemic splurge on high-end clothing and accessories, with companies including ultra-luxury fashion houses like LVMH (LVMH.PA) and Gucci owner Kering (PRTP.PA) seeing sagging demand. Canada Goose, popular for its bright-red parkas and pricey puffer jackets, saw U.S. revenues decline 4.5% in the reported quarter. Still, a 65.4% surge in Asia Pacific revenue, coupled with robust demand in Europe and Canada, helped the luxury winterwear maker beat expectations in its fourth-quarter results. Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, while analysts were expecting C$1.33 billion. ($1 = 1.3372 Canadian dollars)Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Canada Goose sees upbeat annual sales as China recovery gains steam
▼ + stars: | 2023-05-18 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Canada Goose, popular for its bright-red parkas and pricey puffer jackets, has about 18 retail stores in Mainland China - the highest number of outlets it has in any country. The company is also planning to double its store count worldwide over the next five years, from 51 permanent stores currently. Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, while analysts were expecting C$1.33 billion, according to Refinitiv data. However, it forecast annual per-share profit in the range of C$1.20 to C$1.48, compared with estimates of C$1.46 per share. ($1 = 1.3372 Canadian dollars)Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Canada Goose sees annual sales above estimates on China rebound
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

May 18 (Reuters) - Canada Goose Holdings Inc (GOOS.TO), forecast annual sales above Wall Street estimates on Thursday, betting that a sharp rebound in key luxury market China would help the luxury winterwear maker ride out a slowdown in U.S. demand. Revenue from Canada Goose's Asia Pacific segment jumped 65.4% to C$114.1 million in the quarter ended April 2, compared with a 5.2% drop in the previous quarter. That has buttressed sales at a time when luxury shoppers in the United States have paused a post-pandemic splurge on high-end goods, with companies including LVMH (LVMH.PA) and Gucci-owner Kering (PRTP.PA) reporting sagging sales in the market. Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, compared with analysts average estimate of C$1.33 billion, according to Refinitiv data. ($1 = 1.3372 Canadian dollars)Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Mick Jagger's daughter Jade arrested in Ibiza
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

MADRID, May 18 (Reuters) - Jade Jagger, the daughter of Rolling Stones singer Mick Jagger, has been arrested on the Spanish island of Ibiza for attacking police officers, a police source said on Thursday without providing further details. She was arrested on Wednesday along with a man following an altercation at a restaurant in the island's capital Ibiza Town, Spain's largest newspaper El Pais reported, citing witnesses. The man became aggressive with waiters and the couple were thrown out, according to El Pais. When they arrived, the man resisted arrest and Jagger attacked police officers by scratching and punching, El Pais added. She will appear in court on Friday, according to El Pais.

☆ ‘Benefits outweigh the harm’: Worried about their livelihood, small business owners push back on potential TikTok ban
▼ + stars: | 2023-05-17 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

A potential TikTok ban has raised concerns among small business owners on TikTok, who have found success and built sizable audiences without having to pay for marketing. When Aparna Singh first heard about a potential TikTok ban, she "immediately went into panic mode." Concerned about a potential ban of TikTok, small business owners told CNBC Make It why they think the short-video app should stay. Despite the security concerns, small business owners have expressed frustration over the possibilities of a complete ban. Let your followers know where they can find you if the ban is approved," Powers advised other small business owners on TikTok.

☆ I'm a volunteer firefighter — not a fireman. Here's what my job is like and why gender doesn't matter when saving lives.
▼ + stars: | 2023-05-16 | by ( Melissa Petro | ) www.businessinsider.com time to read: +6 min

Thompson hates when people call her a fireman, because "gender doesn't matter" when saving lives. I got to visit her fire department, as well as the fire school, and this experience sparked an interest in volunteer firefighting. When I first joined the fire service, an acquaintance joked: "I'm surprised they let women join the fire service. People will sometimes refer to me as a 'fireman,' which I absolutely hate"I'm not a fireman," I say in response. I've done a lot of training, and I've had to work extremely hard to get where I am today.

☆ German Court Convicts Five Men for Green Vault Jewel Heist
▼ + stars: | 2023-05-16 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

It was a cold, blustery morning in November 2019 when the city of Dresden, in eastern Germany, woke up to a shock. Overnight, robbers had stolen a hundred-million dollar royal jewelry collection from the city’s historic Green Vault, a set of basement suites in a castle that is now part of a museum. The robbers left the vault floor covered with shards of broken glass and blanketed it with powder to throw forensic investigators off their scent. On Tuesday, in a high-security Dresden courtroom, five men — all from the same notorious Berlin crime family — were convicted and sentenced for their role in the heist and the getaway. The sixth defendant was acquitted because he had an alibi.

☆ Our Middle East business has been 'very stable,' Indian jewelry company says
▼ + stars: | 2023-05-16 | 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 EmailOur Middle East business has been 'very stable,' Indian jewelry company saysRamesh Kalyanaraman of Kalyan Jewellers discusses its expansion in the Middle East and the business' performance there.

CNN —Hundreds of jewels once owned by late Austrian billionaire Heidi Horten have fetched a combined 176 million Swiss francs ($196 million) to become the most expensive private jewelry collection ever to appear at auction. Heidi Horten pictured wearing the Briollete of India necklace, which sold for 6.3 million Swiss francs ($7 million). The most valuable lot, a ruby and diamond Cartier ring that is “pigeon blood” in color, fetched just over 13 million Swiss francs ($14.5 million), despite Christie’s expecting bids as high as 18 million Swiss francs ($20 million). A 90-carat “Briolette of India” diamond necklace by jeweler Harry Winston also came in below estimate, selling for 6.3 million Swiss francs ($7 million). courtesy Christie'sElsewhere, however, a Bulgari diamond ring more than doubled its high estimate to fetch 9.1 million Swiss francs ($10.1 million).

Which type of homeowners insurance you need depends in part on the risks to your home. Southwestern Insurance Group founder David Stuart says that homeowner's insurance can provide financial protection to homeowners against unexpected losses or damages to their home and personal property. But since there are several different homeowner's insurance policies a person can choose from, making the decision of which one is right for you might feel overwhelming or confusing. There are eight different types of homeowners insurance plans — here are four ways to decide which one is right for you. Conlin shares that the HO-6 policy usually complements the homeowner's association master insurance policy, which covers the exterior of the property and shared property.

☆ Jim Cramer: An economic wave is about to hit that will be fantastic for investors
▼ + stars: | 2023-05-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

Ultimately, I have gotten to know my way around the CPI and it's a sloppy way to figure out pricing. Don't be frightened of the wave of deflation or misinterpret it as anything but fantastic for investors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ CEOs thought the return to office debate was over. It looks like they were wrong
▼ + stars: | 2023-05-13 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Other companies, too, could see reverberations if they enact similar policies, especially if the mandates feel arbitrary, human resources professionals say. That's why companies that want to bring workers back to the office need to focus on reconfiguring workspaces to foster additional collaboration. If your company hasn't yet, maybe don't 'mandate'Many companies are still ironing out their return-to-office policies. JustAnswer, an online source for professional information, has seen a 49% increase in questions related to return-to-office mandates and/or policies in its Employment Law category compared with May 2022. Companies should also evaluate whether across-the-board policies make sense, or whether in-office mandates should be implemented for certain functions only, Kogut said.

☆ Lavish Indian Weddings Are Back and Bigger Than Ever
▼ + stars: | 2023-05-13 | by ( Praachi Raniwala | ) www.nytimes.com time to read: +1 min

Indian weddings can be elaborate occasions, often lasting several days. But a break from tradition because of the Covid-19 pandemic meant that intimate or at-home nuptials became the norm for many. Now, the grand Indian wedding is not just back, it’s bigger than ever for the couples with the means to host extravagant affairs. CAIT reported that a majority of the weddings during the end of last year cost $3,657 to $121,902 . Devika Narain, a wedding designer who is a go-to for Indian celebrities, said such weddings could cost anywhere from $1 million to $5 million, or even more, for about 250 to 500 guests.

☆ Russian diamonds could soon be sanctioned — potentially disrupting the global jewelry market
▼ + stars: | 2023-05-12 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

The seven most advanced economies in the world, the G-7, are discussing imposing sanctions on Russian diamond exports — a complicated measure that could potentially hike prices for the luxury commodity. Russia's diamond exports have largely been spared from international sanctions following Moscow's full-scale invasion of Ukraine in February last year. In 2021, Russia raked in roughly $4.7 billion from diamond exports, according to data from the Observatory of Economic Complexity. Diamonds are not commonly traded like oil or gold, but they represent a large market that goes beyond jewelry. Some countries — such as Belgium, which buys a significant amount of Russian diamonds — want a "global approach" to Russian exports, as opposed to an EU-specific measure, to ensure the sanctions do not disproportionately hurt them.

☆ Warren Buffett's businesses are battling historic inflation, hefty interest rates, and tighter lending. 5 Berkshire Hathaway CEOs break down why they're thriving despite a brutal economic backdrop.
▼ + stars: | 2023-05-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

Warren Buffett's Berkshire Hathaway faces inflation, higher interest rates, and tighter credit. Its subsidiaries are also seeing signs that their customers, suppliers, and partners are being pinched by higher prices, steeper interest rates on their debts, and perhaps even reduced access to credit. "You just kind of have to take it," Egan said about some of the higher costs. Moreover, longstanding suppliers who refrained from passing on their higher costs to See's in 2021 have been forced to charge it more. The fast-food chain's franchisees face much higher costs for equipment, building materials, and construction work than they did a few years ago.

☆ Companies are betting on a demand rebound in second half of year, DHL says
▼ + stars: | 2023-05-11 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

That marks the second consecutive month that U.S. imports increased and are higher than 2019 levels, according to data provided to CNBC from Descartes Datamyne, a global trade data platform. The combination of a slow ramp up from "Zero Covid" in China and the reopening of manufacturing plants in the country delayed exports. The top Vietnamese imports in the latest data are wrought iron fencing and plant stands, imported for companies including Home Depot. Black jewelry bags for Zales and men's and boy's t-shirts for Nike rounded out the list of U.S. imports data from China, Vietnam, Thailand, and India reviewed by CNBC. In April, the trade data shows that vitamins and containers of pencils were bound from India to Walmart , and zip polos and t-shirts for Guess .

☆ A Family Drama Unfolds as Ecological Disasters Mount
▼ + stars: | 2023-05-11 | by ( Matt Bell | ) www.nytimes.com time to read: +2 min

BLUE SKIES, by T.C. Boyle“Blue Skies,” T.C. Boyle’s 19th novel, opens with Cat, a would-be social media influencer living on the imperiled Florida coast, buying a pet Burmese python as a piece of “living jewelry” she hopes will boost her Instagram account. Willie, Cat’s Burmese python, is quickly lost and replaced by the even bigger Willie II, who, after the first Willie is found again, is forced to cohabitate with his smaller namesake. Cat, separated by a continent from her family for most of the novel, navigates a Florida downpour while being stalked by the “dull corrugated” shape of an eight-foot alligator.

☆ Chinese company earnings reveal lopsided economic recovery
▼ + stars: | 2023-05-10 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

Restaurants and tourism businesses recovered, with travel-related consumer services sector earnings surging 155%, data from China International Capital Corp (CICC) showed. Food-and-beverage sector earnings jumped 18% and automobiles were up a smaller 8%. Several analysts believe the first quarter will be the low point for 2023 and full-year earnings will reach double digits. Refinitiv data forecasts full-year earnings growth of 26% for companies listed on the Shanghai Stock Exchange. The materials sector posted the worst results, with earnings in steel and building materials tumbling more than 60%, respectively.

☆ Emma Cline’s Latest Heroine Is a Call Girl on the Run
▼ + stars: | 2023-05-10 | by ( Liska Jacobs | ) www.nytimes.com time to read: +2 min

THE GUEST, by Emma ClineAll is not as it seems in Emma Cline’s latest novel, “The Guest,” a deceptively simple story about a young woman kicked out of her rich lover’s Long Island beach house in the final days of summer after embarrassing him at a party. Convinced that her breakup is only temporary, Alex plans to saunter back into Simon’s life at a Labor Day party he is hosting at the end of the week. All she has to do is wait out five days until then. Don’t leave toothpaste in the sink basin.” Be appealing, but also be invisible. Alex knows she is replaceable, “a sort of inert piece of social furniture — only her presence was required, the general size and shape of a young woman.”

☆ Interpol: Authorities search for the names of 22 women murdered in Europe
▼ + stars: | 2023-05-10 | by ( Radina Gigova | ) edition.cnn.com time to read: +4 min

CNN —Authorities are trying to identify 22 women murdered in Belgium, Germany and The Netherlands over the last few decades. Who they are, where they are from and why they were in these countries is unknown,” Interpol said. “The woman also wore dark plaid shorts, beige/brown knitted cardigan and a plastic or horn ring,” Interpol said. The woman in the well also wore dark plaid shorts. Belgium, German and Dutch police are working with Interpol on finding more information about the women.

☆ How Do I Get Rid of Skin Tags?
▼ + stars: | 2023-05-09 | by ( Melinda Wenner Moyer | ) www.nytimes.com time to read: 1 min

Q: As I’ve gotten older, I’ve noticed more and more skin tags sprouting in odd places on my body. And is there anything I can (and should) do to get rid of them? They can pop up in unusual places: on your neck, under your arms, maybe even around your groin. Research suggests that more than half of adults will develop at least one skin tag during their lifetime. The good news, said Dr. Angela Lamb, a dermatologist at Mount Sinai in New York City, is that they are harmless.

☆ The most important thing Warren Buffett said Saturday, and it isn't good news for the economy
▼ + stars: | 2023-05-08 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Investors always look to Buffett for economic insights as his myriad of businesses are closely tied to broader spending and overall demand. If you couldn't sell them one thing, they would put another thing in their backlog," Buffett said. Still, Buffett thinks Berkshire is positioned well in terms of its investment income as higher interest rates are earning the conglomerate a substantial return. Berkshire has fared well so far despite a challenging macro environment with operating earnings jumping 12.6% in the first quarter. "Nothing is sure tomorrow, nothing is sure next year, and nothing is ever sure, either in markets or in business forecasts, or in anything else," Buffett said.

☆ Warren Buffett's Berkshire Hathaway just hosted its legendary annual investor weekend. Here's what to know.
▼ + stars: | 2023-05-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Before we get to the news, we've got a dispatch from Theron — our in-house Warren Buffett expert — on the legendary conference. That's how Todd Finkle, the author of a new biography on Buffett, described the investor's yearly bash. There were also investment panels, cocktail parties, steak dinners, fun runs, and shopping events during the weekend. The stock market could become "untouchable" if the bank crisis keeps spiraling. Four of the world's top investors agree on the biggest risks that will cause the next recession.

☆ A $175 check signed by Steve Jobs is up for auction—it’s 'expected to fetch $25,000' or more
▼ + stars: | 2023-05-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

But if you find one signed by Apple co-founder Steve Jobs, it might be worth extra cash. RR Auction, a Boston-based organization that sources and sells historical autographs, manuscripts and artifacts, is auctioning off a $175 check signed by Steve Jobs in July 1976. The check is expected to fetch $25,000," over 142 times its original worth, according to the company's press release. In 1974, Jobs left his role as a video game designer and reconnected with Steve Wozniak, a former high school friend. When Jobs was kicked out of Apple in 1985, he started a rival computer company called NeXT.

☆ What it's like to visit the new Tiffany & Co. flagship store in New York City where the jewelry is stunning, but the real treat is the escape from reality and the museum-quality art
▼ + stars: | 2023-05-07 | by ( Avery Hartmans | ) www.businessinsider.com time to read: 1 min

At this point, I'd begun to notice how friendly all the Tiffany employees were and how many were stationed throughout the store. I'd been greeted on every floor I visited and several people had taken the time to show me around or explain the art and architecture in detail. The "rose room" on the third floor houses art by Rashid Johnson. Avery Hartmans/Insider

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