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☆ Nike vs. Lululemon: Pairs trading explained and how to execute one with options
  + stars: | 2024-10-24 | by ( Michael Khouw | ) www.cnbc.com   time to read: +6 min
Pairs trading is a market-neutral trading strategy that involves simultaneously buying one asset, such as a stock, and selling another related asset. We will review a pairs trade candidate and how to execute it with options. The idea with pairs trading is that, from time to time or over time, there may be a divergence or spread in their prices. Alternatively, another form of pairs trading takes a longer-term and more fundamental perspective. Nike vs. Lululemon Well-known athletic apparel companies Nike (NKE) and Lululemon Athletica (LULU) aren't direct competitors.
Persons: Jim Simons, shorting, Lululemon Athletica, LULU, aren't, Michael Jordan, Tiger Woods, Serena Williams, Lulu, DK Metcalf, Jordan Clarkson, Leylah Fernandez, Lululemon, Lulu hedged Organizations: Ford, General Motors, Technologies, Nike, Seattle Seahawks, NBA, LULU, Lululemon, mojo, CNBC, NBC UNIVERSAL Locations: Lulu
☆ I quit my job at a Fortune 500 company to embrace 'Brat summer.' My friends were concerned.
  + stars: | 2024-10-24 | by ( Jordan Page | ) www.businessinsider.com   time to read: +7 min
Jordan Page was deeply unhappy in his 9-to-5 digital content job at a Fortune 500 company. At the beginning of this job, I'd hardly freelanced, putting all my energy into my new role. With decent pay from the corporate role, I'd saved around £6,000, around $7,800, to live on as I tried to build a career as a writer. But when I told them I'd quit, I could see the shock on their faces. Would I have quit my job if "Brat" hadn't been released?
Persons: Jordan Page, —, I'd, Charli XCX, They'd, they'd, Kamala Harris, I've, hadn't, I'm Organizations: Fortune, Service, Brands Locations: California, Turkey
☆ I knew nothing about boats before buying one on a whim. I've now spent 4 years living on it while traveling the world.
  + stars: | 2024-10-24 | by ( Stephen J. Payne | ) www.businessinsider.com   time to read: +5 min
My mother had just died, and I'd decided living in the UK post-Brexit was not for me. Stephen J. PayneThree weeks after purchasing my magnificent vessel, the COVID-19 pandemic hit, and my travel plans were put on hold. Stephen J. PayneThen, I worked my way slowly around the Côte d'Azur. Stephen J. PayneEventually, I started working my way around the Amalfi Coast of Italy, stopping in Livorno, Fiumicino, Capri, and Tropea. Stephen J. PayneThroughout my trip, I've made money doing small jobs as a photographer, but I've mostly been spending my savings.
Persons: —, I'd, Brexit, I've, Stephen J, Payne, I'm Organizations: Service, Channel, YouTube Locations: France, Italy, Torquay, England, California, Ramsgate, Calais, Paris, Côte, Saint, Omer, Amalfi Coast, Livorno, Fiumicino, Capri, Malta, Los Angeles
☆ I've been going to the gym regularly for 25 years and still don't look like a fitness model. I'm learning to be OK with that.
  + stars: | 2024-10-24 | by ( Joe Harless | ) www.businessinsider.com   time to read: +4 min
Now that I'm older, I'm learning to accept my body. But after 25 years of regular gym time, I'm finally OK with not looking like an Adonis. My primary health goal was to look good naked. Unfortunately, I learned the hard way that "look good naked" can translate to "voluntary starvation." So, while I've never managed to look like a fitness model, I now realize that I still look pretty good for my age.
Persons: —, I've, I'm, Adonis, Arnold Schwarzenegger, Hulk Hogan, Schwarzenegger Organizations: Service, Marvel Locations: 5ks
☆ House GOP committee that oversees elections hired two former Trump officials involved in 2020 fake elector scheme
  + stars: | 2024-10-24 | by ( Annie Grayer | ) edition.cnn.com   time to read: +9 min
They previously hired Thomas Lane, another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Findlay has worked closely with Mitchell, who helped Trump try to overturn the 2020 election. Republicans on the committee previously hired another Trump official who served as a backup fake elector in Arizona in 2020, to lead their investigation into elections. Emails obtained by CNN show that Lane was involved in the planning of who would serve as fake electors in Arizona, collecting contact information and discussing where the fake electors would meet. Lane was slated to be a substitute elector if there were absences on the day the fake electors in Arizona met, documents obtained by CNN show.
Persons: Donald Trump, Bryan Steil of, Joshua Findlay, Thomas Lane, Trump, Mark Meadows, Cleta Mitchell, Georgia’s, Bryan Steil, ”, Findlay, ” Findlay, Mitchell, “, Lane, ” Lane, Kenneth Chesebro, Kelli Ward, Steil, ” Steil, ActBlue, Steil’s, “ It’s, ” CNN’s Marshall Cohen, Zachary Cohen, Paula Reid Organizations: CNN — House Republicans, GOP, Trump, Capitol, Administration, Republicans, CNN, Republican National Committee, Conservative Partnership Institute, Network, “, Republican National Committee’s, Coalition, Department of Justice, Democratic, Democrat Party Locations: Bryan Steil of Wisconsin, Arizona, Georgia, ActBlue, Juneau , Wisconsin
☆ Years of controversy preceded the arrest of the ex-CEO of Abercrombie & Fitch
  + stars: | 2024-10-24 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +9 min
Former Abercrombie & Fitch CEO Mike Jeffries was charged with sex trafficking on Tuesday. AdvertisementLong before federal charges hit, there were concerns about former Abercrombie & Fitch CEO Mike Jeffries — and lawsuits that attacked the way he ran his company. Attorneys for Jeffries and Smith told Business Insider in statements that they would respond "in the courthouse." "This is very much a military operation," Jeffries told The Wall Street Journal in 1997. The pilot accused the CEO of enacting similar standards on board as in Abercrombie stores and firing him due to his age.
Persons: Mike Jeffries, Jeffries, Abercrombie, —, Mike Jeffries —, Matthew Smith, Smith, Fitch, Les Wexner, Jeffrey Epstein, Paul Harris, Bruce Weber, Weber, Barts, Tig Ol, Erik Gordon, Jeffries shouldn't Organizations: Abercrombie, Fitch, Service, Prosecutors, Wall Street, Revenue, CNN, Hamptons, Employees, Supreme, University of, BBC, Eastern, of Locations: Midwest, New York City, St, Oklahoma, Assam, Darjeeling, of New York
☆ Hermès isn't just surviving the luxury slump — it's thriving
  + stars: | 2024-10-24 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +5 min
The French fashion house is bucking the trend of the luxury industry as competitors like LVMH stutter. Hermès is succeeding while peers struggle because it follows the law of luxury to a tee, analysts say. AdvertisementIf the luxury slump is an epidemic, Hermès is managing to stay immune. The fashion house is reaping the rewards of a long-term strategy and abiding by the fundamental laws of luxury. AdvertisementIn the luxury fashion world, there's a growing belief that "getting attention is everything," Pedraza said.
Persons: Hermès, —, LVMH, Kering, Hermès Birkin, Sarah Jacobs, Carole Dupont, Eric du Halgouët, Pietri, Martin, Roll, Milton Pedraza, Pedraza, Hermés Organizations: Service, New York Loan, Business, Investor Relations, Hermès, Finance, McKinsey, Paris Thomson Reuters, Luxury Institute Locations: Asia, Japan, China, Switzerland, Paris, LVMH
☆ BRICS' new declaration shows Russia's war still can't get the international backing that Moscow wants
  + stars: | 2024-10-24 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +4 min
BRICS' Kazan Declaration on Wednesday contained 134 points — and only one discussed the Ukraine war. It shows that Russia still has trouble getting friendly countries on board with the war, per the ISW. AdvertisementOver two dozen world leaders at this year's BRICS summit ended Wednesday's talks with the Kazan Declaration, a 134-point summary of their agreements. "The Kazan Declaration notably only mentioned Russia's war in Ukraine once," the Washington-based think tank wrote. The declaration "demonstrated that Russia has not yet secured the international support nor created the alternative security structure that the Kremlin desires," ISW added.
Persons: BRICS, —, Vladimir Putin, ISW, Huileng Tan, Putin Organizations: UN, Service, United Nations, Kyiv, South Sudanese, Mastercard Locations: Kazan, Ukraine, Russia, China, Washington, Nazi, Moscow, Brazil, India, Syria, Tel, Lebanon, Gaza, Republic, Tatarstan
☆ Fascism: People are calling Trump a fascist. What does that mean?
  + stars: | 2024-10-24 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +9 min
CNN —Fascism is a dirty word in US politics, so when former President Donald Trump’s former chief of staff, retired Marine Gen. John Kelly, says Trump fits the definition of “fascist,” it’s news. Barr would later leave Trump’s administration after the 2020 election after refusing to support Trump’s unsupported election interference conspiracy theories. I delved into the definition of fascism and how it applied to Trump back in June, when he was using the term. Video Ad Feedback Trump calls US a 'fascist state.' Now, as Democrats get anxious about losing to Trump, the threat of fascism has returned to the fore.
Persons: Donald Trump’s, John Kelly, Trump, ”, Adolf Hitler, Benito Mussolini, Kelly, Kamala Harris, “, ” Kelly, Nancy Pelosi, Adam Schiff, Mark Milley, Milley, Jack Smith “, Smith, James Comey, Jeff Sessions, Robert Mueller, Mueller, Trump’s, Bill Barr, Barr, he’s, Harris, Kamala, ” That’s, Joe Biden, Robert Paxton, ” Trump, Wolf Blitzer, Ohio Sen, JD Vance, ” Vance, Daniel Steinmetz, Jenkins, Paxton, ” Steinmetz, Franklin D, Roosevelt, Steinmetz, Biden – Organizations: CNN, Democratic, New York Times, Trump, Republican, Joint Chiefs, Democrats, FBI, Justice Department, Pentagon, Columbia University, Capitol, Ohio, Wesleyan University, Fascism Locations: Pennsylvania, America, “, California, Russia, New York, Europe, Germany
☆ Liam Neeson says he's done dating, 15 years after the death of his wife Natasha Richardson
  + stars: | 2024-10-24 | by ( Caralynn Matassa | ) www.businessinsider.com   time to read: +3 min
Neeson was married to Natasha Richardson until her death in 2009. In a new interview with People Magazine, published Wednesday, the 72-year-old "Love Actually" star was asked whether he's currently dating. Neeson, who stars in the upcoming movie "Absolution," was previously married to fellow actor Natasha Richardson. Scott Gries/Getty ImagesAfter Richardson's death, Neeson dated Freya St. Johnston, a PR executive based in the UK, for two years. But according to Neeson, he's simply starting to feel too old for these types of roles.
Persons: Liam Neeson, Neeson, Natasha Richardson, he's, —, Liam Neeson isn't, Daniel, Richardson, Tony, Scott Gries, Freya St, Johnston, Neeson hasn't, Pamela Anderson, Patricia Cornwell Organizations: Service, People Magazine Locations: Melbourne
☆ A loneliness epidemic is spreading worldwide. Seoul is spending $327 million to stop it
  + stars: | 2024-10-24 | by ( Jessie Yeung | ) edition.cnn.com   time to read: +8 min
CNN —Every year, thousands of South Koreans – mostly middle-aged men – die quietly and alone, cut off from their family and friends. “Loneliness and isolation are not just individual problems, but tasks that society must solve together,” Seoul mayor Oh Se-hoon said in a news release. The phenomenon, known by the Japanese term “hikikomori,” has become increasingly common; South Korea had up to 244,000 such recluses in 2022 by one estimate. A Buddhist nun and staff of Good Nanum hold the name tablets of three deceased people before their cremation on June 16, 2016 in Goyang, South Korea. However, when asked about what makes them feel lonely, “there are some differences compared to other countries,” she said.
Persons: –, hoon, ”, Soo, Myongji University – cautioning, Nanum, Jean Chung, “, they’re, Anthony Wallace, … Organizations: CNN, Koreans, Myongji University, Ministry of Health, Getty, Government, Prevention, Management, Korea isn’t, United, World Health Organization Locations: Seoul, Korea, South Korea, Goyang, “, South Koreans, South, AFP, Japan, United Kingdom
☆ NATO allies are teaming up for P-8 patrols to counter the growing Russian submarine threat in the North Atlantic
  + stars: | 2024-10-24 | by ( Jake Epstein | ) www.businessinsider.com   time to read: +4 min
The aircraft will fly North Atlantic patrols to counter the growing Russian submarine threat. AdvertisementGerman submarine-hunting aircraft will be based in the UK and will fly patrols over the North Atlantic amid a rise in Russian underwater military activity in the area. Jesenia LandaverdeSeveral countries, including a number of NATO allies, operate the P-8, a derivative of the civilian 737. Related storiesThe Trinity pact comes amid a rise in Russian submarine and underwater activity, a development that has long concerned NATO. The UK government said the Trinity pact "will strengthen national security and economic growth in the face of growing Russian aggression and increasing threats."
Persons: —, Jesenia, Trinity, Tony Radakin, Christopher Cavoli, we've, ADALBERTO ROQUE, Boris Pistorius Organizations: Service, NATO, Royal Air Force, Boeing, US Navy, Navy, US Air Force, Staff, British, Getty, Trinity, Ukraine Locations: Germany, Trinity, Lossiemouth, Scotland, Russian, Europe, Cuba, Havana's, North, Ukraine, Russia, Moscow, Eastern Europe
☆ Former Avenue employee accused of 'blackmailing' billionaire Marc Lasry countersues, claiming sexual harassment including forced kissing, groping, and comments about her body
  + stars: | 2024-10-24 | by ( Bradley Saacks | ) www.businessinsider.com   time to read: +4 min
Gina Strum, the former Avenue Capital employee accused of blackmailing her boss, countersued. AdvertisementIn response to Avenue Capital's lawsuit against her, former fundraiser Gina Strum has countersued, accusing her former bosses, including billionaire Marc Lasry, of sexual harassment and gender discrimination. A spokesperson for Avenue said: "Ms. Strum's allegations are completely false and represent her further attempt to malign the reputations of Mr. Lasry, Ms. Gardner, and Avenue for financial gain." Related storiesUnlike Lasry's suit, which accused Strum of "blackmailing" him, Strum's lawsuit does not include extensive written evidence, such as texts or emails of the harassment. AdvertisementOther eye-catching bits of Strum's suit include accusations that Lasry:
Persons: Gina Strum, Marc Lasry, —, Sonia Gardner, Daniel Kaiser, CK Hoffler, Jesse Jackson, Lasry —, Strum, Lasry, Gardner, Strum —, Jane, Martin Gantz, Lasry's Organizations: Capital, Service, Avenue, Milwaukee Bucks, Lasry, New York Locations: New York, Instagram, New York City
☆ CNBC Sport: Adam Silver speaks exclusively, and TKO makes a big bet
  + stars: | 2024-10-24 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com   time to read: +21 min
☆ Your supplements might not contain what's on the label. The US's leading expert shared 3 tips for buying safe products that are right for you.
  + stars: | 2024-10-24 | by ( Kim Schewitz | ) www.businessinsider.com   time to read: +5 min
Dietary supplements aren't FDA-approved like drugs. Dietary supplements aren't FDA-regulated like drugs, and the onus lies on manufacturers to ensure their products are safe and accurately labeled. As such, dietary supplements aren't uniform, Stefan Pasiakos, the director of the Office of Dietary Supplements at the National Institutes of Health, said. But there are certainly aspects of certain dietary supplements that may be considered unsafe." AdvertisementThe ODS has lots of information on its website, including dietary supplement fact sheets, which are up-to-date, evidence-based reviews of the available information, he said.
Persons: Stefan Pasiakos, —, Pasiakos, There's Organizations: FDA, Service, National Institutes of Health, JAMA, Pharmacotherapy, Getty, National Center, Integrative, NIH
☆ As a Montessori school director and a mom, I know an app can't replace a village
  + stars: | 2024-10-24 | by ( Christine Carrig | ) www.businessinsider.com   time to read: +6 min
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNearly 12 years ago, I found a rudimentary app that helped me track how often and for how long I fed my baby. I told my mom about it, excited to share how advanced things had gotten since her days of feeding babies. Take, for instance, apps that don't just help parents track the minutiae of baby care but rather track the practice of parenting young children. While marketed as parent-support, most parenting apps are child-centered to the extreme, using the parent as a conduit to deliver a particular parenting approach.
Persons: —, Nicholas Carr, There's Organizations: Service
☆ How 2 key characters in 'Woman of the Hour' are based on people who had brushes with Dating Game killer Rodney Alcala
  + stars: | 2024-10-24 | by ( Olivia Singh | ) www.businessinsider.com   time to read: +6 min
"Woman of the Hour" is based on the true story of serial killer Rodney Alcala appearing on a dating show. AdvertisementNetflix's new movie "Woman of the Hour" takes inspiration from the wild story of serial killer Rodney Alcala competing on a dating show, but recenters the narrative on a woman who narrowly evaded becoming one of his victims. Here's how two key secondary characters in "Woman of the Hour," Amy and Laura, are inspired by real-life people. Related storiesIn 'Woman of the Hour,' teen runaway Amy outsmarts Rodney and is instrumental in him getting arrestedAutumn Best as Amy in "Woman of the Hour." Laura's experience reflects the way the real Alcala was reported to law enforcement multiple times but didn't face consequences until much later in life.
Persons: Rodney Alcala, Amy, Monique Hoyt, Laura, —, Anna Kendrick, Sheryl, Daniel Zovatto, Rodney, Cheryl Bradshaw's, Rodney's, Alcala, Tali Shapiro, Morgan Rowan, Amy outsmarts Rodney, Netflix Amy, she'd, Hoyt, Nicolette Robinson, Leah Gallo, Alison, Ken, Max Lloyd, Jones, Kendrick, Tudum Organizations: Service, ABC, Alcala, Netflix Locations: Alcala, Here's, San Gabriel , California, Corcoran
☆ Boeing had a tough 24 hours, but with CEO Kelly Ortberg's turnaround plan, analysts remain hopeful
  + stars: | 2024-10-24 | by ( Pete Syme | ) www.businessinsider.com   time to read: +5 min
CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan. CEO Kelly Ortberg vowed to "return Boeing to its former legacy" and said the company would focus on changing its culture. However, restoring the traditional defined-benefit pension plan — replaced with a 401(k) in 2014 negotiations — has been a key issue for many on the picket lines. Bank of America analysts estimated that restoring this pension plan would cost up to $400 million annually. Boeing's production has been limited as it faces supply-chain constraints and renewed scrutiny from regulators in the wake of January's Alaska Airlines blowout.
Persons: Kelly Ortberg, —, Manuel Valdes, William Blair, Peter McNally, China's, McNally, Morningstar's Nicolas Owens, Ortberg Organizations: Boeing, Service, CNBC, Wall Street, Labor, Seattle Times, Bank of America, Anderson Economic Group, AP, Alaska Airlines, Airbus Locations: Seattle, Pacific Northwest
☆ Deloitte and EY trim staff amid slowing demand following years of rapid growth for Big Four firms
  + stars: | 2024-10-24 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +5 min
AdvertisementDeloitte and EY have trimmed staff as demand for professional services provided by the two Big Four firms declines. AdvertisementDeloitte is the world's largest professional services firm in the world by revenue and employees. Lucy North/PA Images via Getty ImagesMajor consulting firms are experiencing a slowdown in demand for advisory services. Professional services firm Accenture cut its revenue forecast for 2024 from between 2% and 5% to between 1% and 3%. AdvertisementAside from workforce reductions, consulting firms are also introducing new policies as they face up to an industry slowdown.
Persons: —, EY, Lucy North, PwC, James Callander, Callander Organizations: Deloitte, Service, Big, Financial Times, Revenue, Getty, Accenture, UK, Business
☆ I've studied longevity for nearly 25 years: Here's what I prioritize to have a long, happy life
  + stars: | 2024-10-24 | by ( Renée Onque | ) www.cnbc.com   time to read: +5 min
Dr. Andrea Maier is a health and longevity expert in Singapore who practices what she encourages her patients to do for longevity. Dr. Andrea Maier is a health and longevity expert with nearly 25 years of experience in the field of geroscience, where she studied what aging is and why we age. CNBC Make It interviewed Maier about her personal habits for longevity and what she does to stay happy and healthy. Maier: I think brain health is very underestimated. We also know that for longevity it's important to have and maintain positive relationships in your life.
Persons: Andrea Maier, Maier, she's, it's, That's, It's, I've, Coke, I'm Organizations: CNBC, BBC, New York Times Locations: Singapore, Paris, Berlin
☆ How things went from bad to worse for Jeep-owner Stellantis
  + stars: | 2024-10-24 | by ( Nora Naughton | ) www.businessinsider.com   time to read: +6 min
After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.
Persons: Carlos Tavares, Tavares, —, Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois
☆ Indonesia sent a Chinese ship packing, escalating a fight over oil and gas in the South China Sea
  + stars: | 2024-10-24 | by ( Thibault Spirlet | ) www.businessinsider.com   time to read: +4 min
Indonesia said it drove a Chinese coast guard ship out of its waters in the South China Sea. AdvertisementIndonesia said it deployed two vessels and an aircraft to expel a Chinese ship from contested waters in the South China Sea. The interaction is another turn in a yearslong dispute over who owns the South China Sea, and gets to exploit its resources. AdvertisementThe incident escalates the dispute over the South China Sea, and highlights the richness of its resources. Malaysia and Vietnam are also pursuing oil-and-gas projects in the South China Sea, and running into Chinese opposition.
Persons: — Organizations: Service, Indonesian National Armed Forces, Maritime Security, PT Pertamina, CCG, Maritime Security Agency, Business, US Navy, Strategic, Studies, Maritime, China Coast Guard, Vietnam's Vanguard Bank Locations: Indonesia, South China, China, Indonesia's, Taiwan, Vietnam, Brunei, Malaysia, Philippines
☆ Sasha Luccioni tracks data about AI's impact on the environment
  + stars: | 2024-10-24 | by ( Monica Melton | ) www.businessinsider.com   time to read: +2 min
As Luccioni shows me a digital map that tabulates real-time data on electricity consumption and carbon intensity, she explains it's her "favorite website." Her enthusiasm carries over into her role as AI & Climate Lead at Hugging Face, where Luccioni collects actionable data on AI's environmental impact. Luccioni codeveloped and regularly contributes to CodeCarbon, a program that helps developers estimate emissions and energy use from running AI models. "Where the energy is coming from is really the biggest impact on emissions," Luccioni said. "You have to define specific data sets and specific hardware to compare these models."
Persons: it's, Luccioni, ChatGPT Organizations: Nvidia, Google, Meta, Organisation for Economic Co, Energy, EPA
☆ Things aren't looking great at Gucci, and Kering says its Asia Pacific slump is to blame
  + stars: | 2024-10-24 | by ( Aditi Bharade | ) www.businessinsider.com   time to read: +4 min
Gucci had a challenging third quarter partly due to its Asia Pacific slump, per Kering's latest earnings call. AdvertisementGucci just had a bad quarter, and Kering is attributing the lackluster performance to a slump in its Asia Pacific market. According to a third-quarter revenue infographic by Kering, sales in the Asia Pacific region were down 38% compared to the previous year. According to Kering, Gucci saw a 7% increase in sales in Japan in the third quarter compared to the start of 2024. AdvertisementApart from Gucci, Kering's other brand, Yves Saint Laurent, also suffered a loss.
Persons: Gucci, It's, —, Henri Pinault, James Grzinic, LVMH, Kering, Amrita Banta, Yves Saint Laurent, Stefano Cantino, Cantino Organizations: Service, Gucci, RBC, Reuters, mojo, Jefferies, Research, Strategy, Business Insider Locations: Asia, China, Asia Pacific, Japan, Europe
☆ The 'whale' placing huge bets on a Trump win is a French national with extensive trading experience
  + stars: | 2024-10-24 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
The Polymarket "whale" placing massive bets on a Trump win next month is a French national. Polymarket confirmed the trader controls four accounts, betting more than $40 million on a Trump win. Polymarket found no evidence of market manipulation and said that betting odds on its website align with other sites. AdvertisementThe "whale" placing big bets on Polymarket in favor of Donald Trump winning the November election is a French national with extensive trading and financial services experience. Kalshi's betting odds favor Trump at 59% compared to 41% for Harris.
Persons: Polymarket, —, Donald Trump, Michie —, Trump, Harris, PredictIt Organizations: Trump, Service, Republican Locations: French
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