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☆ Coach Owner to Buy Parent of Versace in Luxury Mega Merger
▼ + stars: | 2023-08-10 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +1 min

The companies said the merger also presented an opportunity to increase their direct-to-consumer business and save them $200 million in operating and supply-chain costs within three years. Tapestry’s stock was down 3 percent before the market open on Thursday. On Wednesday, before the news was announced, Capri’s stock closed at just under $35. “This has put pressure on Tapestry and Capri, both of which are now looking to international markets to bolster growth. There is more security in embarking on bold international plans as a larger entity.”

Persons: ” Joanne Crevoiserat, ” John D, ” Neil Saunders Organizations: Capri

☆ Jose Llana (a.k.a. Ferdinand Marcos) Makes a Home in the Hamptons
▼ + stars: | 2023-08-01 | by ( Joanne Kaufman | ) www.nytimes.com time to read: +1 min

And here sits Jose Llana — he plays Ferdinand — in the kitchen of the Hamptons, N.Y., weekend house he shares with his husband, Erik Rose, a real estate executive. At home, the Filipino-born Mr. Llana, 47, seems a perfect lamb. There he is eight times a week, imposing martial law. He also starred in the subsequent tours of “The King and I” around the United States and Britain. “It was an incredible thing to be able to come back after all that time and say, ‘OK, what are we going to do with this lump of cash we now have?’” recalled Mr. Llana.

Persons: David Byrne, Fatboy Slim poperetta, Ferdinand, Imelda Marcos, Jose Llana —, Ferdinand —, Erik Rose, Llana, Ken Watanabe, —, ’ ” Organizations: Broadway, Hamptons, N.Y, Lincoln Locations: Siam, United States, Britain

☆ Now's the time to have income-generating positions in portfolios: Advisors Capital’s JoAnne Feeney
▼ + stars: | 2023-07-31 | 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 EmailNow's the time to have income-generating positions in portfolios: Advisors Capital’s JoAnne FeeneyJoAnne Feeney, Advisors Capital Management partner and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, why stocks are in a precarious situation, investing in China, and more.

Persons: Capital’s JoAnne Feeney JoAnne Feeney Organizations: Capital Management Locations: China

☆ Americans continue to feel better about inflation and the economy
▼ + stars: | 2023-07-28 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —US consumers have been feeling a whole lot better this summer as inflation has continued to slow. That’s a huge improvement from June 2022, when consumer sentiment fell to its lowest level on record and inflation reached a four-decade high of 9.1%. “However, sentiment for lower-income consumers fell.”Indeed, recent data continue to reflect inflation slowing. Consumer spending is the main engine of the economy, accounting for about two-thirds of output, and much of it hinges on the state of the labor market. The Fed certainly wants to see core inflation continue to decelerate, but Powell routinely points to the labor market not being balanced.

Persons: ”, Joanne Hsu, Lydia Boussour, Jerome Powell, ” Powell, Powell Organizations: DC CNN, University of Michigan, University of Michigan’s, Federal, National Association for Business Economics, Fed, “, Bureau of Labor Statistics Locations: Washington, EY

☆ Blood pressure best lowered by 2 exercises, study finds
▼ + stars: | 2023-07-27 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —When it comes to lowering blood pressure, studies have typically shown that aerobic or cardio exercises are best. Exercises that engage muscles without movement — such as wall squats and planks — may be best for lowering blood pressure, according to a large study published Tuesday in the British Journal of Sports Medicine. “Overall, isometric exercise training is the most effective mode in reducing both systolic and diastolic blood pressure,” said study coauthor Dr. Jamie O’Driscoll in a news release. Systolic blood pressure measures the maximum pressure in the arteries as the heart contracts and relaxes, while diastolic blood pressure denotes what the arterial pressure is when the heart rests between beats, according to the US Centers for Disease Control and Prevention. The authors defined healthy resting blood pressure as a reading below 130 over 85 millimeters of mercury — a measurement of pressure known as mmHg — pre-high blood pressure as ranging from 130/85 mmHg to 139/89 mmHG, and high blood pressure as 140/90 mmHG or greater.

Persons: ”, Jamie O’Driscoll, Joanne Whitmore, Whitmore wasn’t, Jim Pate, wasn’t, Whitmore, ” Pate Organizations: CNN, British, of Sports Medicine, Mayo Clinic, Canterbury Christ Church University’s School of Psychology, Sciences, US Centers for Disease Control, British Heart Foundation, World Health Organization, Marylebone Health Group, Arthritis Foundation, “, CNN’s Locations: Canterbury, England, London

☆ The loss of local news is leading to polarization in communities, says Yale's Joanne Lipman
▼ + stars: | 2023-07-25 | 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 EmailThe loss of local news is leading to polarization in communities, says Yale's Joanne LipmanJoanne Lipman, Yale University, joins 'Last Call' to talk the dwindling local news environment in the U.S. and why it could cause significant problems in communities.

Persons: Yale's Joanne Lipman Joanne Lipman Organizations: Yale University Locations: U.S

☆ Scorching summer temperatures could strain the economy even further
▼ + stars: | 2023-07-23 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“The recent heat waves and scorching summer temperatures demonstrate the economic cost of heat stress,” Chris Lafakis, Moody’s Analytics’ director of economic research, wrote in an emailed response to a CNN query. Moody’s Analytics estimates that chronic physical risk from heat stress could reduce worldwide GDP by up to 17.6% by 2100. The losses are steepest in sectors such as agriculture and construction, but no industry or business is immune, she said. “Every summer we have a stretch [of excessively hot weather], where it might last from four days up to a week,” he said. “We have to look at the potential of our business model shifting to a nine-month facility going forward,” she said.

Persons: Lyn Thomas, there’s, Thomas, she’s, “, it’s, Chris Lafakis, Liliana Salgado, ”, Kathy Baughman McLeod, Adrienne Arsht, Cesar Chavez, Damian Dovarganes, That’s, Jack Vessey wasn’t, He’s, “ It’s, Vessey, Zeyla Alcantara, Patrick Tiseth, Jobs, Ami Feller, I’ve, Los Cerrillos, Harrold Granthan, Bonnie Mendoza, David Wagner, bloodsicles, Mendoza, Zach Fowle, Kyle Ledeboer, ” Fowle, ” They’ve, Justus Swanick, Joshua Graff Zivin, ” Graff Zivin Organizations: Minneapolis CNN, Phoenix, CNN, Reuters Workers, Rockefeller Foundation Resilience, Atlantic Council, Rockefeller, IBEW, Company, Lone Star, Roofer, Saddle Riding Company, Phoenix Zoo, Arizona Wilderness, Arizona Wilderness Brewing, University of California San Locations: Minneapolis, Louisiana, United States, California, Los Angeles, Holtville , California, Imperial County, Texas, New Braunfels, Santa Fe , New Mexico, Los, “, Arizona, Phoenix, University of California San Diego

☆ Lady Gaga and Tony Bennett's friendship through the years
▼ + stars: | 2023-07-21 | by ( Scottie Andrew | ) edition.cnn.com time to read: +5 min

CNN —The years-long artistic partnership between Tony Bennett and Lady Gaga wasn’t an immediately obvious one. Mark Renders/Getty Images“Watching Tony at 88 like he’s just starting out … I said to myself, I can do this forever,” Gaga told PBS in 2014. Tony Bennett and Lady Gaga performed at Radio City Music Hall in August 2021. Kevin Mazur/Getty Images“When that music comes on – something happens to him,” Gaga told “60 Minutes” in 2022. “When I walked out on that stage, and he said, ‘It’s Lady Gaga,’ my friend saw me,” she told 60 Minutes.

Persons: Tony Bennett, Lady Gaga wasn’t, Gaga, Bennett, Cheek, Tony, ” Gaga, Zoe Ball, “, ” Bennett, ”, ‘ You’ve, ’ ”, ‘, King Cole, Robin Hood, she’d, Rodgers, Hart, “ Cheek, Cole Porter, Irving Berlin, ’, ” Tony Bennett, he’s, …, I’m, you’ve, ” Tony, Artpop ”, Duke Ellington, don’t, Joanne ”, wasn’t, Lady Gaga, Kevin Mazur, he’d, “ It’s Organizations: CNN, BBC Radio, Robin, Robin Hood Foundation, Vogue, PBS, Porter, Radio City Music Hall Locations: Gaga’s

☆ Wesleyan University ends legacy admissions after Supreme Court decision on affirmative action
▼ + stars: | 2023-07-20 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

More Americans disagree with legacy admissionsToday, fewer Americans agree with legacy admissions. "This preferential treatment overwhelmingly goes to white applicants and harms efforts to diversify color," added Michael Kippins, litigation fellow at Lawyers for Civil Rights. The NAACP called on more than 1,600 U.S. public and private colleges and universities to commit to increasing the representation of historically underrepresented students and end the practice of legacy admissions. The reality is we've reached a pretty good consensus on the use of identity in college admissions. Legacy admissions 'could be deemed unconstitutional'Since the practice of legacy admissions has indirect racial implications, these challenges may have legal merit, according to Jeanine Conley Daves, an attorney at New York-based firm Littler.

Persons: Wesleyan University Joanne Rathe, Ivan Espinoza, Madrigal, Michael Kippins, Ivory Toldson, Alvin Tillery, Don Harris, Harris, John Roberts, Jeanine Conley Daves Organizations: Wesleyan University, Boston Globe, Harvard University, Civil Rights, Pew Research, Harvard, NAACP, Northwestern University's Center, Diversity, Diversity and Democracy, Supreme, Temple University School of Law Locations: Massachusetts, New York

☆ US inflation outlook brightening; consumer sentiment near two-year high
▼ + stars: | 2023-07-14 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Data for May was revised to show import prices declining 0.4% instead of the previously reported 0.6%. Though consumer inflation remains above the Fed's 2% target, the pace of increase has slowed sharply since peaking in June 2022, giving consumers some relief. INFLATION EXPECTATIONS ANCHOREDThough the survey's inflation expectations increased this month, that was probably because most consumers were interviewed before the release of June's consumer price index report. "Import prices are subtracting from the pernicious trend of the goods inflation Americans have been paying." There were decreases in the cost of nonagricultural industrial supplies and materials as well as food, which canceled out rises in prices for capital goods, consumer goods and motor vehicles.

Persons: Jeffrey Roach, Joanne Hsu, Shannon Seery, Christopher Rupkey, Lucia Mutikani, Christina Fincher, Paul Simao Organizations: Federal Reserve, LPL Financial, Reuters, University of Michigan, University of Michigan's, Consumers, Treasury, Labor, Thomson Locations: WASHINGTON, U.S, Charlotte , North Carolina, Wells, New York, United States, China

☆ Divisive China, Taiwan bids to join Pacific trade pact in focus at meet
▼ + stars: | 2023-07-14 | by ( Lucy Craymer | ) www.reuters.com time to read: +4 min

Britain will become the 12th member to join the pact that cuts trade barriers, as it looks to deepen ties in the Pacific. In support of its application, Britain has said that CPTPP countries will have a combined GDP of 11 trillion pounds ($13.6 trillion) once Britain joins, or 15% of global GDP. "There’s a large gap between the high standards and binding commitments that are demanded of CPTPP members, and where China is currently at," he added. The other countries' applications also provide opportunities. "After modernising the Canada-Ukraine FTA this year, Canada knows that Ukraine is capable of meeting the high standards of the CPTPP," she said.

Persons: Charles Finny, CPTPP, Chris Hipkins, Shu Jueting, Penny Wong, Aidan Arasasingham, Joanne Ou, Roy Lee, Mary Ng, Lucy Craymer, Ben Blanchard, Joe Cash, Praveen Menon, Muralikumar Organizations: WELLINGTON, Trans, Pacific, New Zealand, Reuters, Centre, Strategic, International Studies, Washington DC, Thomson Locations: Pacific, Auckland, China, Taiwan, New Zealand, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore, Vietnam, Britain, Costa Rica, Uruguay, Ecuador, Ukraine, New, Beijing, Zealand, Jakarta, Taipei, CPTPP, Wellington

☆ Americans continue to feel confident about the economy and inflation
▼ + stars: | 2023-07-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +1 min

Washington, DC CNN —Inflation’s steady slowdown in recent months has kept Americans feeling optimistic about the future. Consumer sentiment tracked by the University of Michigan rose 13% in July, the second straight month of improvement, according to a preliminary reading released Friday morning. Meanwhile, the report showed that consumers’ expectations for inflation rates remained at their lowest levels since early 2021. Consumers see inflation rates of 3.4% in the year ahead, and while that’s well below last year’s 5.4% peak, it’s slightly higher than the previous reading. “I feel like we are on a golden path of avoiding recession,” Chicago Fed President Austan Goolsbee told CNBC last week.

Persons: ”, Joanne Hsu, “, Austan Goolsbee Organizations: DC CNN, University of Michigan, Consumers, Chicago Fed, CNBC Locations: Washington

☆ Yale University's Joanne Lipman explains why taking vacation time is good for your career
▼ + stars: | 2023-07-10 | 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 EmailYale University's Joanne Lipman explains why taking vacation time is good for your careerJoanne Lipman, Yale University lecturer and author, joins 'Squawk Box' to discuss how taking vacation time can help with your career, its impact on career productivity, and more.

Persons: Joanne Lipman Organizations: Yale, Yale University

☆ The Secret to Getting Ahead at Work Is How Much Vacation You Use
▼ + stars: | 2023-07-08 | by ( Joanne Lipman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/your-summer-vacation-can-help-your-career-d1dced72

Persons: Dow Jones, d1dced72

☆ The US economy is doing way better than the rest of the rich world
▼ + stars: | 2023-07-07 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The US is performing much better than many other wealthy nations when comparing economic growth and inflation rates. The US had the highest GDP growth since the start of the pandemic among the G7 countries, an informal group of industrialized democracies. Even when taking out food and energy prices, which were especially elevated in Europe due to the invasion of Ukraine, the US came in below the other G7 countries. Despite this data, "inflation going forward remains considerably uncertain across all G7 nations, including the US," the CEA wrote. But despite the US's outperformance on GDP and inflation, many Americans are still worried about the nation's economy.

Persons: —, Joanne Hsu, Hsu Organizations: US, Service, OECD, Commerce Department, White House Council of Economic Advisors, Index, CEA, University of Michigan, Consumers Locations: Canada, Italy, Germany, Japan, Europe, Ukraine

☆ Your Summer Vacation Can Help Your Career
▼ + stars: | 2023-07-06 | by ( Joanne Lipman | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, d1dced72

Trial data showed that the treatment slows progression of the brain-wasting disease by 27% for patients in the earliest stages of Alzheimer's. The FDA placed its strongest "boxed" safety warning on Leqembi's label, flagging the risk of potentially dangerous brain swelling for Alzheimer's drugs in the same class. Leqembi is an antibody designed to remove sticky deposits of a protein called amyloid beta from the brains of Alzheimer's patients. Biogen and Eisai stock has risen since FDA granted accelerated approval to Alzheimer's drug Leqembi earlier this yearLeqembi's new label explains the need to monitor patients for potentially dangerous brain swelling and bleeding associated with amyloid-lowering antibodies. The first FDA-approved disease-modifying Alzheimer's drug, Aduhelm, was also developed by partners Eisai and Biogen, but Medicare coverage restrictions have severely limited its use.

Persons: Leqembi, drugmakers, Ivan Cheung, Chiquita Brooks, LaSure, Babak Tousi, Tousi, Biogen, Dr, Erik Musiek, Eli Lilly, Co's, Cheung, Joanne Pike, Eisai, Leqembi's, Deena Beasley, Julie Steenhuysen, Bill Berkrot, Matthew Lewis Organizations: U.S . Food, Drug Administration, FDA, Medicare, Medicaid Services, Cleveland Clinic, Washington University, Barnes, Jewish, Alzheimer’s Association, Alzheimer's Association, Thomson Locations: ANGELES, U.S, Los Angeles, Chicago

American workers are still quitting their jobs, per Bureau of Labor Statistics data. The Bureau of Labor Statistics' newly released monthly Job Openings and Labor Turnover Survey shows that job openings are still high, even though they dropped slightly from April. Plus, the number of workers quitting their jobs actually grew in May, all while layoffs stayed near historic lows. It signals a labor market where workers — especially blue-collar workers — still feel comfortable leaving their jobs, with plenty of opportunities awaiting them, including remote and hybrid options. The sector — which houses, in part, tech workers — was one industry among a handful that saw a dip in its quit rate.

Persons: —, Nick Bunker, it's, Bunker, Joanne Hsu, Hsu, There's Organizations: Labor Statistics, Service, Privacy, Labor, Survey, Bureau of Labor Statistics, University of Michigan, Consumers

☆ Investors should try to own 'picks and shovels' of AI revolution, says Advisors Capital's Feeney
▼ + stars: | 2023-07-05 | 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 EmailInvestors should try to own 'picks and shovels' of AI revolution, says Advisors Capital's FeeneyJoAnne Feeney, Advisors Capital Management, joins 'Squawk on the Street' to discuss why Feeney believes there are growth prospects ahead for the technology sector, what Feeney likes in the artificial intelligence space, and more.

Persons: Capital's Feeney JoAnne Feeney, Feeney Organizations: Investors, Capital Management

☆ Suspect Showed Troubling Signs Before Philadelphia Rampage, D.A. Says
▼ + stars: | 2023-07-05 | by ( Joel Wolfram | Campbell Robertson | ) www.nytimes.com time to read: +1 min

A search of his home, said Robert Wainwright, an assistant district attorney, turned up a will that Mr. Carriker had written, dated June 23. Mr. Wainwright did not say what was in the will. Mr. Wainwright said at least one of the seven people who shared a house with Mr. Carriker had recognized that he was becoming more disturbed. But officials encouraged people to report troubling behavior anyway, suggesting that Mr. Carriker might have gotten help had the authorities known of his behavior. After a 2004 misdemeanor conviction for carrying a gun without a license, Mr. Carriker had apparently spent his life largely off the radar of local law enforcement.

Persons: Carriker, Robert Wainwright, Wainwright, Carriker’s, Joanne Pescatore Organizations: Prosecutors Locations: Pennsylvania

☆ Does the Hudson Valley Beat Malibu? Ask Lorraine Toussaint.
▼ + stars: | 2023-07-04 | by ( Joanne Kaufman | ) www.nytimes.com time to read: +1 min

The wildfire that destroyed Lorraine Toussaint’s house in Malibu, Calif., in November of 2018 did not leave her unsheltered — she had a rental apartment in Midtown Manhattan — but it did leave her unmoored. Home has to have dirt and plants,” said the Trinidad-and-Tobago-born Ms. Toussaint, 63, a series regular on the CBS crime drama “The Equalizer,” who is spending her summer playing Gertrude in the Shakespeare in the Park production of “Hamlet.” (Performances run through Aug. Almost exactly a year after that signal loss, Ms. Toussaint was shooting an indie film in and around Rhinebeck, N.Y., and began to explore. “I was really kind of desperate to find a place that would let me escape New York,” she said. “I love all that the city has to offer, but it’s a lot for me.”She had looked at a raft of prospective hideaways in New Jersey, but was now caught by the charms of the Hudson Valley.

Persons: Lorraine Toussaint’s, —, “, ”, Toussaint, Gertrude Organizations: CBS Locations: Malibu , Calif, Midtown Manhattan, Trinidad, Tobago, Rhinebeck, N.Y, New York, New Jersey, Hudson

☆ Americans are growing optimistic about inflation
▼ + stars: | 2023-06-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —With inflation continuing to slow, US consumers are taking notice — and they’re feeling more optimistic. That was due to inflation’s steady retreat in recent months and consumers feeling more cheery about the economy’s future. Consumers’ economic outlook for the year ahead jumped 28% over last month. More action from the Fed is centered on core inflation remaining stubbornly high and not decelerating as fast as the headline number. The optimism reflected in the survey means US consumers have faith that inflation will eventually slow to a sustainable level, which the Fed defines as 2% inflation.

Persons: ”, Joanne Hsu, Brian Moynihan, Joe Biden’s, Jerome Powell, Powell Organizations: DC CNN, University of Michigan, Consumers, Commerce Department, Federal, Bank of America, CNN, European Central Bank, Market Committee, Fed Locations: Washington, April’s, ”

☆ FedEx likely to continue to cyclical headwinds as years go on, says Advisors Capital's JoAnne Feeney
▼ + stars: | 2023-06-21 | 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 EmailFedEx likely to continue to cyclical headwinds as years go on, says Advisors Capital's JoAnne FeeneyJoAnne Feeney, Advisors Capital Management partner and portfolio manager, joins 'Squawk Box' to discuss where markets could see earnings results similar to FedEx, her thoughts on Lennar, and more.

Persons: Capital's JoAnne Feeney JoAnne Feeney Organizations: FedEx, Capital Management

☆ Summer Books: A Trio of Novels That Hit the Road
▼ + stars: | 2023-06-20 | by ( Joanne Kaufman | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ US consumers' near-term inflation expectations hit two-year low; sentiment rises
▼ + stars: | 2023-06-16 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

Summary Consumer sentiment index rises to 63.9 in June from 59.2One-year inflation expectations drop to 3.3% from 4.2%Long-run inflation expectations dip to 3.0% from 3.1%WASHINGTON, June 16 (Reuters) - U.S. consumers' near-term inflation expectations dropped to more than a two-year low in June and the outlook over the next five years improved slightly, according to a survey on Friday that also showed sentiment perking up. "The Fed will be gratified that the surge in inflation expectations in the late-1970s and early 1980s has not been repeated," said Conrad DeQuadros, senior economic advisor at Brean Capital in New York. The University of Michigan survey's reading of one-year inflation expectations dropped to 3.3% this month, the lowest since March 2021, from 4.2% in May. The survey's preliminary reading on the overall index of consumer sentiment came in at a four-month high of 63.9 in June compared with 59.2 in May. Its measure of consumer expectations rose to 61.3 from 55.4 last month.

Persons: Conrad DeQuadros, Joanne Hsu, Robert Frick, Lucia Mutikani, Daniel Wallis, Chizu Organizations: University of Michigan's, Fed, Wednesday, Brean, The University of Michigan, Treasury, Reuters, Consumers, Navy Federal Credit Union, Thomson Locations: WASHINGTON, New York, U.S, Washington, Vienna , Virginia

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