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A $20 Uniqlo bag that went viral on TikTok has been named the hottest product of the year so far. There are more than 87 million views of the "Uniqlo bag" on TikTok. This bag is an affordable take on the "quiet luxury" trend that is dominating fashion. There are more than 87 million views of the "Uniqlo bag" on TikTok, for example. The bag falls neatly into the quiet luxury — or stealth-luxe trend — that has become a major talking point in the fashion industry in recent months.
The quiet luxury trend is dominating 2023 after years of trends like "dopamine dressing." David Russell/HBOLike most other fashion trends, the move toward quiet luxury, or "stealth wealth," is part of a cycle. Liz Hafalia/The San Francisco Chronicle via Getty ImagesAt this point, quiet luxury has become so popular that even luxury brands themselves are being asked about it. She also highlighted Italian luxury house Brunello Cucinelli, French leather goods firm Hermès, and Armani, who has been doing quiet luxury for nearly two decades. If that's a bit outside your budget, there are mass-market retailers partaking in what the quiet luxury trend is promoting: durable, sustainably made clothing in timeless fabrics and silhouettes.
Stripping people from their livelihoods is the most consequential action a company can take — and an inherently painful one, at that. While there might not be a good way to let employees go, there are a lot of bad ways to do it. Some, such as Google, have conducted layoffs by email. But the harshness of recent layoffs suggests that any managerial empathy workers gained during the depths of the pandemic was short-lived. That's why it's understandable that workers are angry about the way layoffs have been handled, Taylor added.
He uses ChatGPT often to do things like synthesizing emails and researching professional networks. And I use ChatGPT 50 to 70 times a day. I post often on LinkedIn to give practical ways for people to use ChatGPT to level up their personal and professional life across any industry. We can ask ChatGPT, "I'm about to give you a job posting, and I'm about to give you my experience. Doing research for networking with fellow professionalsMake sure that anything you're looking up, you're able to verify.
The writers guild asked its members to authorize a strike, which would come at a risky time for Hollywood. Netflix, Amazon, and Disney have content stockpiles that could help them through a work stoppage. A Hollywood writers strike is looming at a precarious time for the media and entertainment industry. During that 100-day strike, more than 60 TV shows shut down and ratings and ad sales dropped. The landscape of entertainment options is "much more competitive than it was during the last writers strike," media consultant Peter Csathy told insider.
A possible Hollywood writers strike is looming at a risky time for the entertainment business. A Hollywood writers strike is looming at a precarious time for the media and entertainment industry. During that 100-day stoppage, more than 60 TV shows shut down and ratings and ad sales dropped. The landscape of entertainment options is "much more competitive than it was during the last writers strike," media consultant Peter Csathy told insider. Paramount also has an extensive live sports offering, which should offer some insulation if writers go on strike.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is a side story — inflation and the economy are the market drivers, says NYU's DamodaranAswath Damodaran, NYU Stern school of business, joins 'Closing Bell: Overtime' to discuss macro issues in the market.
To try and break my habit, I decided to slow down my phone experience with a new app called One Sec. Plus, studies have shown that things like app limits that merely measure your screen time won't break compulsive habits. Sandy Gould, a senior computer-science lecturer at Cardiff University, has researched ways to curb our compulsive phone tendencies. Frederik Riedel, the German-based developer of the app, told me that creating better boundaries was the motivation behind the development of the app. I can attest to that figure: One Sec has nearly halved my compulsive Twitter use.
Bloomberg | Bloomberg | Getty ImagesIndia's supreme court has set up an independent panel to investigate if there were regulatory failures related to allegations against the Adani Group , after a bombshell report from a U.S. short seller. The country's highest court directed a six member panel to probe "regulatory failure in dealing with the alleged contravention of laws pertaining to the securities market in relation to the Adani Group," a Thursday court order said. India's Supreme Court action comes slightly over a month after Hindenburg Research released a lengthy report on Jan. 24, accusing Adani Group of stock manipulation and fraud. The panel will be headed by Justice Sapre, a retired judge of the Supreme Court. Both institutions told CNBC recently that their exposure to the Adani Group was manageable.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with NYU's 'Dean of Valuation' Aswath DamodaranAswath Damodaran of the New York University's Stern School of Business discusses the Adani crisis, and says "this is the Indian market in a nutshell, Adani is not the exception."
The Adani Group didn't play a "con game" but has exploited the "weakest links" in India's institutions to its advantage, according to NYU's "Dean of Valuation" Aswath Damodaran. It's not healthy for a market," Damodaran, told CNBC's "Streets Sign Asia" on Thursday. "That's why I said Adani is not about the company … this is about the weakest links in the India story. Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani (L) highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023. The Adani Group firmly denied the accusations, calling it a "calculated attack on India" and its institutions.
Hogwarts Legacy – the new open-world video game by Avalanche and Warner Bros. Hogwarts Legacy is based on Harry Potter but is set in the late 1800s, well before the action in the Harry Potter books take place, and opens the Harry Potter World beyond Hogwarts Castle. Videogamesnewyork, a New York City store that sells modern and retro video games, is ordering just enough games to their store based on pre-orders. Some gamers also are boycotting Hogwarts Legacy over the controversy. The company says J.K. Rowling is not involved in the Hogwarts Legacy game.
Are You There, M.B.A.? It’s Me, Industry
  + stars: | 2023-01-28 | by ( Suzy Welch | ) www.wsj.com   time to read: 1 min
I awoke again not long ago to news of layoffs, in this case Alphabet cutting 12,000 jobs, or 6% of its thought-to-be-impervious workforce. My immediate thought wasn’t “too bad” or “not again.” It was “bingo.”Yes, bingo, albeit not the game of chance you played at summer camp. I’m thinking of Industry Bingo, a game I invented to play with my students at New York University’s Stern School of Business, where I teach a class called “Becoming You: Crafting the Authentic Career You Want and Need.”
Kim Kardashian's shapewear brand, Skims, launched a campaign with stars of "The White Lotus." Watson added that with this campaign, Skims is leveraging characters who are both relatable and aspirational to evoke that perception of the products. Here's why the latest Skims campaign works and what other business owners can learn for their brand marketing, according to Watson. For fans of 'The White Lotus,' we feel this source of pride, like 'here's our friend getting a platform.'" "You're not going to be able to emulate the reach of Kim Kardashian overnight," he said.
Recruiters said that much of Santos' résumé was suspicious, including the careless formatting. They said his supposed successes, like doubling revenue for a Goldman Sachs unit, are unrealistic. But their relative negligence allowed the Republican to run for election and win in 2022.Insider asked five recruiters what they would have fact-checked on Santos' résumé had it come across their desks. Santos' careless formatting would raise eyebrowsHannah Mason, a professional résumé writer and former recruiter, said the careless formatting on Santos' résumé surprised her. For example, Santos wrote that he received his MBA from "NYU New York University" instead of NYU Stern.
Can CEOs really go home again?
  + stars: | 2023-01-06 | 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 EmailCan CEOs really go home again? Suzy Welch, NYU Stern School of Business, and Americus Reed, the Wharton School, join 'Power Lunch' to discuss how companies usually fare when CEOs return to companies after leaving.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYU's 'Dean of Valuation' on Netflix: The business is broken and off my listAswath Damodaran, NYU Stern School of Business, joins 'The Exchange' to discuss mega cap stock valuations in an inflationary environment.
Watch CNBC’s full interview with NYU's Aswath Damodaran
  + stars: | 2023-01-05 | 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 EmailWatch CNBC’s full interview with NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor of finance, joins 'The Exchange' to discuss mega cap stock valuations in an inflationary environment.
A recent WSJ op-ed argued that Gen Z is a generation of "weakened kids." Haidt said that social media and a culture of victimhood are to blame for Gen Z's state. Haidt pointed to high rates of anxiety and depression among young people and said that a "performative" social media culture was to blame. Gen Z, typically defined as those born between 1997 and 2012, live in "defend mode," Haidt said. The concern about giving feedback to Gen Z workers is occurring just as social media promotes an organizational culture of fear and could have larger knock-on effects, Haidt said.
Jonathan Haidt on the ‘National Crisis’ of Gen Z
  + stars: | 2022-12-31 | by ( Tunku Varadarajan | ) www.wsj.com   time to read: 1 min
New YorkThe phrase “generation gap” became popular in the late 1960s, as baby boomers were coming of age. To hear social psychologist Jonathan Haidt tell it, today’s generation gap has widened into a chasm. “We have a whole generation that’s doing terribly,” he says in an interview at his professorial office, book-lined and hushed, at New York University’s Stern School of Business. He calls it a “national crisis.”
The Fed blew it on inflation stocks are going to have to suffer as a result. The central bank has no choice now but to keep hiking until inflation is down, experts have said. Here are five top voices in markets warning investors not to pin their hopes on a Fed put to save stocks. El-Erian has been a loud critic of the Fed's response to inflation this year, slamming central bankers for saying inflation was "transitory" in 2021. That's the cost of the Fed being late to the game, and the central bank can't back away from its monetary tightening now, El-Erian warned.
Amgen’s $28 bln deal is a reasonable gamble
  + stars: | 2022-12-12 | by ( Robert Cyran | ) www.reuters.com   time to read: +3 min
NEW YORK, Dec 12 (Reuters Breakingviews) - Biotechnology deals are always a gamble, and, on the face of it, Amgen’s (AMGN.O) $28 billion purchase of Horizon Therapeutics (HZNP.O) looks both risky and pricey. Investors in the $150 billion drug buyer should give it the benefit of the doubt. Amgen is largely buying Horizon for a drug named Tepezza, which helps a thyroid disease that affects eyesight. Sales in Alexion’s drug this year should be $7 billion, a 16% jump from where they were when AstraZeneca bought it. If Amgen similarly helps Horizon, its deal will look like a reasonable wager.
J.Crew embarked on a comeback after filing for bankruptcy in the early months of the pandemic. But hype alone isn't enough: experts say the stores and product needed a revamp, and the brand is now on the right track. J.Crew has since placed a new CEO at the helm — Libby Wadle, who previously oversaw J.Crew's fast-growing sister brand, Madewell. "In our industry, it begins with product," Quan said. Quan said he's cautiously optimistic, saying that the product improvements hint that the brand is on the right track.
Virtual assistants joined the workforce in record numbers as the gig sector grew amid the pandemic. "Everyone I know needs a virtual assistant, and everyone I know has a really hard time finding one," she added. Read more: Why virtual assistants are the affordable solution to business owners' labor shortageRead more: I'm a virtual assistant making $10,000 a month. With the increased number of virtual assistants, it's important to differentiate yourself from others in the field, people told Insider. Read more: Founder Finances: A virtual assistant mentor shares the budget that helps her reach $15,000 in monthly sales.
How to Actually Enjoy the Holidays
  + stars: | 2022-12-07 | by ( Hannah Seo | Catherine Pearson | Dana G. Smith | ) www.nytimes.com   time to read: +20 min
Economic worries have made this holiday season particularly stressful for some. The holiday season can bring out the absolute worst in some kids. Some parents welcome that break from structure, and that’s OK. “Parents get to decide what works and what doesn’t work with their family,” Dr. Naumburg said. “Gratitude and savoring are the opposite.”Dr. Kurtz recommended starting a simple gratitude practice early in the holiday season. As the holidays unfold, make an effort to savor the season, Dr. Kurtz said.
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