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☆ Instant Pot was once the hot new kitchen gadget. Now it's filed for bankruptcy.
▼ + stars: | 2023-06-14 | by ( Morning Brew | ) www.businessinsider.com time to read: +3 min

Instant Pot was a kitchen gadget darling, but it's now gone cold. Now, the parent company of Instant Pot is declaring bankruptcy to get its finances in order. Its parent company, Instant Brands, which also owns Pyrex and CorningWare, filed for Chapter 11 bankruptcy Monday to get its battered finances in order. The group ramped up hiring and pushed Instant Brands to come out with new gadgets, like air fryers and an air purifier (which flopped). Instant Brands, whose labels also include Corelle, Snapware, CorningWare, Visions and Chicago Cutlery, said it has received a commitment for new financing from its existing lenders.

Persons: it's, —, Ben Gadbois Organizations: Service, Instant Brands, Cornell Capital, Corelle Brands, Brands, NPD Group, US, Court, Southern, Southern District of, Associated Press Locations: Southern District, Southern District of Texas, Chicago

☆ How a 77-square-foot apartment with no bathroom for $2,350 a month sparked a bidding war: 'If you want to be on a prime block, you can't have everything'
▼ + stars: | 2023-06-06 | by ( Hana R. Alberts | ) www.businessinsider.com time to read: +4 min

A tiny New York City studio with no bathroom and $2,350-a-month rent was quickly snapped up. "If you want to be on a prime block," a student who bid on it said, "you can't have everything." But does a 77-square-foot studio apartment in New York City — which has no kitchen, a shared bathroom in the hallway, and recently rented for $2,350 after a bidding war — count? Homes like these, however, are actually relatively common in New York City. "This apartment has allowed me to live in the center of NYC, which was a priority for me.

Persons: —, David Brand, Gothamist, Omer Labock, Brand, Labock, Douglas, Gothamist's Brand, Alaina, haven't, they'd, Hendrix, fryer Organizations: New York City, Greenwich Village, Service, TikTok, Zillow, Pace University, New York, New, Via, Hendrix, futon Locations: New York, Greenwich, Manhattan, it's, New York City, St, —

☆ Banks' internship and analyst programs could be in flux, and that might spell bad news for senior dealmakers
▼ + stars: | 2023-03-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But before we get started, First Citizens BancShares has agreed to buy Silicon Valley Bank, according to a statement from the FDIC. Some of the ripples from the fall of Silicon Valley Bank have felt particularly significant (Credit Suisse bankers nod ominously). Some banks had to even break a cardinal rule of Wall Street: Turn away business. Click here to read more about how college students are feeling on edge about their upcoming Wall Street jobs and internships. You don't necessarily need seven-figures in assets to call it quits, per The Wall Street Journal.

☆ Nestle, Tyson and other food giants bet on air fryer boom to grow sales
▼ + stars: | 2023-03-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

An Air Fryer for sale at Kroger Marketplace in Versailles, Kentucky, U.S., on Tuesday, Nov. 24, 2020. Adam Graves, president of Nestle U.S.'s pizza and snacking division, said the company is leaning into the air fryer boom through its frozen food brands, specifically to offer customers more value. Other Nestle products, like Hot Pockets, now include air fryer cooking instructions alongside directions for heating up in the microwave and oven. Tyson is also a third of the way through adding air fryer directions to its packaging for its frozen prepared foods. The air fryer directions are boosting Tyson's brand favorability, according to Hall, who cited recent brand health data.

☆ Cosori Recalls Millions of Air Fryers Over Fire Risk
▼ + stars: | 2023-02-25 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

The U.S. Consumer Product Safety Commission said Cosori had received over 200 reports of its air fryers catching fire, melting or smoking. Cosori is recalling more than two million of its popular air fryers because it said the machines can overheat and catch fire. The company warned customers on Thursday to immediately stop using their appliances. The products were sold from June 2018 to December 2022 through Target Corp., Amazon.com Inc. and other retailers, according to the U.S. Consumer Product Safety Commission.

☆ 2 million Cosori air fryers recalled because of fire hazard
▼ + stars: | 2023-02-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Roughly 2 million Cosori air fryers have been recalled because they pose a possible fire risk. The US Consumer Product Safety Commission said that consumers “should immediately stop” using the recalled air fryers and contact Cosori for a free replacement. The company set up a special website for customers to trade in their air fryers for a new one. The air fryers, which range in price from $70 to $130, were sold between June 2018 through December 2022 at a number of retailers including Amazon, Best Buy, Home Depot and Target. The fryers are size 3.7 and 5.8 quarts and were sold in black, gray, white, blue or red colors.

☆ More than 2 million Cosori air fryers recalled after reports of the kitchen appliances 'catching fire, burning, melting'
▼ + stars: | 2023-02-23 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

A California company is recalling 2 million Cosori air fryers, US product safety officials announced Thursday. The recalled air fryers were reported as "catching fire, burning, melting." "Consumers should immediately stop using the recalled air fryers and contact Cosori to receive their choice of a free replacement air fryer or another Cosori product," the commission said. The agency said a "wire connection in the air fryers can overheat, posing fire and burn hazards." About 2 million of the air fryers have been sold in the US, while about 250,000 were sold in Canada and 21,000 in Mexico.

☆ We're having loyal Costco shoppers share their grocery lists with us. Here are their favorite things to buy there.
▼ + stars: | 2023-02-21 | by ( Business Insider | ) www.businessinsider.com time to read: +36 min

Read Abigail Abesamis Demarest's full Costco shopping list: I've shopped at Costco for over 10 years. AdvertisementRead Lisa Tanner's full Costco shopping list: I'm a mom of 10 who's shopped at Costco for almost 20 years. Read Tara Zeller's full Costco shopping list: I drive 4 hours and spend $500 for every Costco trip. AdvertisementRead Majed Kassis' full Costco shopping list: I run a Costco fan account with over 390,000 followers. Read Rachel MacPherson's full Costco shopping list: I'm a personal trainer who shops for a family of 6 at Costco.

Persons: —, Abigail Abesamis Demarest, Demarest, chia, Read Abigail Abesamis Demarest's, I've, Alicia Diaz, Diaz, Kirkland, Alicia Diaz's, Lisa Tanner, Orville, Tanner, Rice, Lisa Tanner Tanner, Read Lisa Tanner's, who's, Tara Zeller, Zeller, Tara Zeller Zeller, Tara Zeller Costco, Read Tara Zeller's, Kassis, fryer, Majed, Candace Nelson, Candace Nelson Nelson, Nelson, Read Candace Nelson's, Salma Hamze, Salma Hamze Hamze, Read Salma Hamze's, Dana Engelbert, Dana Engelbert Engelbert, Engelbert, Read Dana Engelbert's, Gemma Acheampong's, Gemma Acheampong, Acheampong, Gemma Acheampong Costco, Read Gemma Acheampong's, Lizzy Briskin, Lizzy, Briskin Chock, Briskin, Lizzy Briskin's, Jordan Kuntz, Ina Garten, Change's microwavable, Read Jordan, Olivia Yi, Pesto, Olivia Yi Yi, Genovese, Olivia Yi Kirkland, Yi, Read Olivia Yi's, Rachel MacPherson, Rachel MacPherson Costco, MacPherson, Read Rachel MacPherson's, Chelsea Schnyer's, Chelsea Schnyer Schnyer, Chelsea Schnyer, margarita, Schnyer, Lou's, Read, Savannah, Frierson Frierson, Fry, Gabriella Sorrento, Gabriella Sorrento Sorrento, Read Gabriella Sorrento's, Elizabeth Blasi, Blasi, Read Elizabeth Blasi's, Alana Al, Hatlani, Benedict, Meredith Ochs, Meredith Ochs Ochs, Ochs, Meredith Ochs Kirkland, They're, Read Meredith Ochs, Veronica Thatcher, Read Veronica Thatcher's, Molly Allen, Allen, Read Molly Allen's, Janice Costa, Janice Costa Costa, She's, Costa, Read Janice Costa's, Karlin, Karlin Krishnaswami Krishnaswami, she's, Karlin Krishnaswami, they're, Read Karlin, Lindy Vogel, Vogel, Lindy Vogel's, Dominic Bucca, Dominic Bucca Bucca, Bucca, Read Dominic Bucca's Organizations: Costco, Service, Abigail Abesamis Demarest Costco, Starbucks, Kirkland, Kuntz, Chelsea, Read, Costa, Alaska Omega Locations: New York, Thai, They're, veggies, Ghanaian, mayo, Chelsea, Savannah, Alaska, Maldon

☆ PayPal's CEO search amid an uncertain economy will be no easy task
▼ + stars: | 2023-02-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In case you missed it, PayPal CEO and President Dan Schulman announced his plan to retire at the end of 2023 earlier this month. Coming off an extremely difficult 2022, and with competition seemingly coming at them from every which way, PayPal has to find a new CEO. I hesitate to compare this to the seemingly never-ending CEO search at Carlyle, but it's easy to see how a difficult quarter or two could complicate this entire search. The rich stay rich thanks to another loophole that helps them save on taxes. Elliott Management's Paul Singer and Two Sigma's David Siegel both played second fiddle to Haidar Capital's Said Haidar in 2022 when it came to comp.

☆ I work at Trader Joe's. Here are 7 things I refuse to buy there—and what to get instead
▼ + stars: | 2023-02-17 | by ( Christian Beltran | ) www.cnbc.com time to read: +3 min

Christian Beltran (left) has been working at Trader Joe's since 2021. I started working at Trader Joe's in 2021. Instant Cold Brew CoffeeWhat to buy instead: Organic Cold Brew Coffee, $5.49Zoom In Icon Arrows pointing outwards Photo Courtesy of Trader Joe’s ©2023Trader Joe's Instant Cold Brew Coffee is a fine, dark powder made of 100% Arabica coffee beans. Shredded HashbrownsWhat to buy instead: Hashbrowns, $2.49Zoom In Icon Arrows pointing outwards Photo Courtesy of Trader Joe’s ©2023I prefer Trader Joe's hashbrown patties over its shredded version, which tends to clump up in the bag and is more difficult to prepare. Poppy Pinot NoirWhat to buy instead: Loudenotte Cuvée Réservée Pinot Noir, $6.99Zoom In Icon Arrows pointing outwards Photo Courtesy of Trader Joe’s ©2023

☆ I tried 25 of Trader Joe's award-winning foods, and would buy at least 21 of them again
▼ + stars: | 2023-02-07 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +42 min

I hit up my local Trader Joe's and bought as many award-winning foods as I could to see which ones deserved their hype. In other words, I agree with the many customers who have dubbed this their favorite Trader Joe's snack. As long as I live within reasonable driving distance of a Trader Joe's, I will continue to buy this loaf. Trader Joe's butter chicken with basmati rice is a satisfyingly spicy comfort meal for oneTrader Joe's butter chicken with basmati rice had a delicious sauce. Trader Joe's cheddar with caramelized onions offers a memorable balance of savory, salty, and sweetThe cheddar smelled like caramelized onions.

Persons: —, Monterey Jack, burrito, Savanna, Wilson, didn't, I've, It's, Joe's, I'm, they're, chorizo, I'd, Butter, they'd, Joe's cashiers, who's, fryer, Swain Wilson Organizations: Service, of Fame, Business, I'd, Wilson, panini Locations: Monterey, Monterey Jack, skillet, Savanna, Peru, treacly, San Francisco

☆ See how long-haul truckers cook on the road, from burgers cooked on engines to air fryer lobster tails
▼ + stars: | 2023-01-22 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

A lack of trucking infrastructure means it's typically too expensive for truckers to eat out while on the road. A truck pulls into the Pilot Flying J truck stop in North Stonington, CT on July 21, 2020. "The truck stops don't really have sit down restaurants anymore," Bennett said. 26-year truck driver Derek Rogers said as "mom-and-pop truck stops" have been increasingly replaced with chains they've become less "trucker friendly." I could make three meals for what I'd spend at your standard Denny's at the truck stop."

☆ Shoppers lined up outside Aldi stores to buy Logan Paul and KSI's coveted Prime drink. The retailer used a clever strategy to lure customers in.
▼ + stars: | 2023-01-07 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Aldi confirmed it had sold out of Prime just one day after the drink hit its shelves. Aldi used clever strategy to create a notion of scarcity and lure customers in, experts told Insider. Experts say Aldi used a clever strategy to lure in shoppers by create a feeling of exclusivity and notion of scarcity. Logan Paul has 24.6 million Instagram followers and 23.6 million YouTube subscribers, while for KSI those numbers are 12.4 million and 16.1 million respectively. Aldi sold the drink at £1.99 a bottle, and Prime sold 12-packs for £24.99 ($29.60) on its UK website before they sold out.

☆ A cardiologist shares the 4 worst foods for high cholesterol—and what she eats to keep her ‘heart healthy’
▼ + stars: | 2022-12-30 | by ( Dr. Elizabeth Klodas | ) www.cnbc.com time to read: +2 min

As a cardiologist who treats patients with high cholesterol, I always try to use diet as medicine first. Here are the four worst foods for high cholesterol — and what I eat instead to keep my heart healthy:1. And by small, I mean a portion size of up to three ounces — and eat red meat at most, once a week. What to eat instead: Bake potatoes, kale or broccoli to a crisp when you're craving crunch. What to eat instead: Fake bacon is unlikely to satisfy your cravings for a BLT.

☆ 8 Trader Joe's products that are 'actually worth the hype,' according to employees
▼ + stars: | 2022-12-23 | by ( Christian Beltran | ) www.cnbc.com time to read: +3 min

Christian Beltran has been working at Trader Joe's since January 2021. Here are the best Trader Joe's items that are actually worth the hype, according to employees (myself included):1. The sauce tastes similar to the original Mandarin Orange Chicken, which is one of Trader Joe's most beloved products. Scented CandlesPrice: $3.99 I'm a huge candle person, and Trader Joe's candles go above and beyond. My aunt is from Hawaii, where there are no Trader Joe's locations, so she bought a dozen on a recent trip to bring home to friends.

☆ Retailers say air fryers, slippers, and electric blankets are booming in popularity this winter as the energy crisis hits UK homes
▼ + stars: | 2022-12-21 | by ( Kate Duffy | ) www.businessinsider.com time to read: +1 min

This has resulted in random items surging in popularity, such as air fryers. Research from energy supplier Utilita shows that an electric oven costs more than £315 a year, whereas an air fryer costs around £53. Tesco, Britain's biggest grocer, said in October sales of air fryers have skyrocketed by 200% year-on-year as customer look for more energy-efficient options. Tesco will receive an extra 40,000 air fryers before Christmas because of the demand, it added. Sky News reported that price comparison website PriceRunner said sales of some air fryers were up 2,000% since the summer.

I love giving and getting gift cards for the holidays, even though some people say they're impersonal. They offer the gift of timeNot only are you gifting store credit to their favorite places to shop, but gift cards also offer the gift of time. Plus, I can purchase gift cards online, or go to a store that offers a wall of different gift cards from other retailers to choose from. I've also scooped up discounts on gift cards during special promos, like 10% off gift cards up to a certain amount. Picking out gift cards to folks on my gift list have long been my go-to for the holidays, and as a gift card devotee, that's not going to change.

Pantone recently announced its 2023 Color of the Year: Viva Magenta. SKIP AHEAD Viva Magenta home products | Viva Magenta kitchen products | Viva Magenta beauty products | Viva Magenta apparel and accessoriesAs many sought to do with the 2022 Color of the Year, Very Peri, you may be interested in incorporating Viva Magenta into your wardrobe or home. Viva Magenta home productsThis expert-recommended rowing machine from Hydrow has a Viva Magenta option available for pre-order that is set to ship in February 2023, according to the brand. Pets can get in on the Viva Magenta trend with this plush bed, available in a color close to the new Pantone Color of the Year. Viva Magenta apparel and accessoriesPantone offers a handful of products in Viva Magenta, including this long keychain.

☆ Black Friday and Cyber Monday editors' picks: What our staff bought
▼ + stars: | 2022-11-30 | by ( Gabriella Depinho | Gabriella Depinho Is A Production Coordinator For Select On Nbc News. | ) www.nbcnews.com time to read: +12 min

Black Friday and Cyber Monday are two of the busiest shopping events of the year. Some of our staff purchased tried and true favorites that needed replacing, like beloved Lululemon running sneakers or perfume. I bought the Kalorik MAXX 10-in-1 because I have a large household and its 26-quart capacity can cook an entire rotisserie chicken. They’re lightweight yet supportive, and great for running outdoors or on the treadmill.” — Zoe Malin, associate updates editor“My brother and I bought this iPad for my mother's Christmas present. It also comes with a dishwasher-safe scraping tool for easy clean-up, says Cuisinart” — Mili Godio, associate reporter“I bought this cute toiletry bag that looks roomy.

Consumers took advantage of heavy discounting by online retailers to kick off the holiday shopping season in high gear. According to Adobe Analytics, record online spending on Thanksgiving and Black Friday drove Cyber Week — Thanksgiving through Cyber Monday — to $35 billion in total sales. Even with inflation looming in the background, consumers were motivated by the hunt for deals, Adobe Analytics said. While the company's figures are not adjusted for inflation, even if online inflation were factored in, there would still be growth in underlying consumer demand, it said. Consumers have shown their willingness to keep shopping, thanks in part to the resilience of their pandemic savings.

U.S. shoppers spent $35.27 billion online overall during Cyber Week, the period from Thanksgiving through Cyber Monday. But the modest pickup trounced the paltry 2.9% increase in sales during China's Singles Day, an 11-day shopping festival ending November 11, hosted by Alibaba and other Chinese e-commerce firms. Originally, Singles Day was an unofficial Chinese holiday on Nov. 11 (11/11) to celebrate people who were not in relationships. These days, brands use Singles Day to clear inventory and experiment with new products. With the COVID-19 pandemic still raging in China, "it wont be fair to can compare" Singles Day with Cyber Week, Chernev said, as Americans are shopping with fewer restrictions.

☆ Amazon's Cyber Monday sales continue: 40+ deals you can still shop
▼ + stars: | 2022-11-29 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +15 min

SKIP AHEAD Home and kitchen deals | Tech deals | TV deals | Beauty and wellness deals | Pet deals | Best Amazon Cyber Monday sales | Do you need a Prime membership to shop Amazon’s Cyber Monday deals? The best Amazon Cyber Monday 2022 dealsBelow, we rounded up some of the best deals from Amazon’s ongoing Cyber Monday savings event based on our previous coverage and Select reader interest. 4.5-star average rating from 33,540 reviews on AmazonAccording to Kasa, this smart light switch is designed to fit into a standard junction box. Best Amazon Cyber Monday 2022 sales to shopHere are some of the best ongoing sales to shop during Amazon’s extended Cyber Monday sale that we think you’ll want to know about. Do you need a Prime membership to shop Amazon’s Cyber Monday deals?

☆ Cyber Monday sets sales record as shoppers splurge on toys, electronics- report
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

Toys were the hottest products on Cyber Monday, their online sales jumped nearly eight-fold compared to an average day in October 2022, according to the Adobe Analytics report. Electronics sales rose about five-fold, while sporting goods, appliances and books also saw increases over 400%. About 196.7 million shoppers made purchases during the five-day holiday period from Thanksgiving Day through Cyber Monday, the National Retail Federation said on Tuesday. Reuters Graphics Reuters GraphicsCanada's Shopify Inc (SHOP.TO) said its merchants recorded $7.5 billion in sales globally from Black Friday through Cyber Monday. Still, some experts were not convinced that a bright Cyber Monday was a sign of inflation easing its burden on consumer sentiment.

SKIP AHEAD Best Cyber Monday 2022 air fryer deals | Best Cyber Monday 2022 air fryer salesTo help you make the most of your shopping, we compiled some of the best Cyber Monday deals and sales on air fryers that we think you’ll want to know about. Best Cyber Monday 2022 air fryer dealsBelow, we’re sharing the best Cyber Monday air fryer deals based on our previous coverage and reporting. The air fryer comes with a recipe book, unlimited access to GoWISE’s recipe app and a dishwasher-safe removable pan and is available in four colors. Compared to its last generation, this air fryer is 20% faster and uses 85% less oil when cooking, says the brand. Best Cyber Monday 2022 air fryer salesHere are the best Cyber Monday air fryer sales we think you’ll want to know about.

☆ Amazon Cyber Monday 2022: Shop these 71+ deals before they're gone
▼ + stars: | 2022-11-28 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +23 min

Amazon is still hosting several Cyber Monday deals, as are major retailers like Walmart, Target and Best Buy. SKIP AHEAD Home and kitchen deals | Tech deals | TV deals | Beauty and wellness deals | Pet deals | Best Amazon Cyber Monday sales | Do you need a Prime membership to shop Amazon’s Cyber Monday deals? Anyone can shop Amazon’s Cyber Monday deals, though the retailer does offer some exclusive deals for Prime members. The best Amazon Cyber Monday 2022 dealsBelow, we rounded up some of the best deals from Amazon’s Cyber Monday savings event based on our previous coverage and Select reader interest. Best Amazon Cyber Monday 2022 sales to shopHere are some of the best sales to shop for during Amazon’s Cyber Monday sale that we think you’ll want to know about.

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