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☆ A General Catalyst-backed startup is mass-buying virtual care tech from big players like Walmart. Here's why Fabric is still betting on telehealth.
▼ + stars: | 2024-09-17 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

Read previewHealthtech startup Fabric launched out of stealth in March 2023 to help patients get care faster and automate administrative work for providers. In June, Fabric bought Walmart's virtual care business, MeMD, after the retailer announced it would shutter its 51 health clinics. MeMD was Fabric's third acquisition — the startup previously bought asynchronous virtual care platform Zipnosis from Bright Health, as well as generative AI startup Gyant. The startup has acquired TeamHealth VirtualCare, the virtual care business inside giant physician practice group TeamHealth, Business Insider has learned exclusively. While virtual care saw a tsunami of VC interest during the pandemic, investors and healthcare companies alike are now pulling back.

Persons: —, it's, MeMD, TeamHealth VirtualCare, UnitedHealth Group's Optum, Aniq Rahman, Rahman, we've, Hemant Taneja, Commure, We've, Moat Organizations: Service, Fabric, Bright Health, Business, Google Ventures, Salesforce Ventures, General Catalyst, Bright, Walmart, Vast Ventures, Oracle Locations: Florence

☆ Sam's Club is boosting its starting wage to $16 and speeding up raises for nearly 100,000 workers
▼ + stars: | 2024-09-17 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Walmart-owned Sam's Club is raising its starting wage to $16 and offering faster increases to workers. The warehouse club has boosted average wages by nearly 30% over the past five years. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrontline workers at Sam's Club are slated to get a raise ahead of the holidays. The Walmart-owned warehouse club said Tuesday it is bumping its starting wage from $15 to $16, as well as offering faster pay increases to workers based on their years with the company.

Persons: Chris Nicholas, — Organizations: Walmart, Sam's, Service, Business

We'll show you how to watch American Sports Story: Aaron Hernandez from anywhere, whether you have cable or are seeking a live streaming alternative. Below, we've put together everything you need to know about American Sports Story: Aaron Hernandez, including a look at the trailer. How to watch American Sports Story: Aaron Hernandez in the USAmerican Sports Story: Aaron Hernandez airs Tuesdays at 10 p.m. The live TV service offers FX through its Sling Blue plan, which also carries USA, Bravo, E!, and 38 other live TV channels. Check price at ExpressVPNAmerican Sports Story: Aaron Hernandez trailerFX released a trailer for American Sports Story: Aaron Hernandez in mid-August.

Persons: Ryan Murphy, Aaron Hernandez, Josh Andrés Rivera, Murphy, we've, Max, ExpressVPN Organizations: Business, New England Patriots, Netflix, US, FX, Bravo, Hulu, Disney, ESPN, ExpressVPN, Sports

☆ Shares of Broadcom should be higher given the chipmaker's AI growth outlook
▼ + stars: | 2024-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, we've, Stanley Black, Decker, Jim, Hock Tan, Stocks, Jim Cramer's Organizations: CNBC, TJX Companies, Depot, Microsoft, Management, Excel, Broadcom, Intel, Hewlett Packard Enterprise, Devices

☆ Commercial property has been in a slump. How lower interest rates could lift it out.
▼ + stars: | 2024-09-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewUma Moriarity, a senior investment strategist at a real estate investment firm based outside of Philadelphia, is feeling better about deal-making in commercial real estate. A reduction in the Fed's benchmark rate would bring relief to the $22.5 trillion US commercial real estate market, which was shaken by a series of interest rate increases beginning in March 2022. AdvertisementThe increases diminished commercial property values, raised mortgage defaults, and triggered the sector's worst downturn since the financial crisis more than 15 years ago. "We're looking at a very good 2025 and beyond," Mark Rose, the CEO of the real estate services firm Avison Young, said. "Commercial property prices have increased over the past few months as bond yields have declined," Peter Rothemund, the co-head of strategic research at Green Street, said in the firm's recent property pricing report.

Persons: —, Uma Moriarity, Moriarty, Mark Rose, Avison Young, Richard Barkham, We've, Fitch, CMBS, Peter Rothemund, Alan Todd, Todd, CLO Organizations: Service, Federal Reserve, Business, CenterSquare Investment Management, Green, Mortgage, Association, Bank of America, Bank of America Securities Locations: Philadelphia, Trepp

☆ Americans are piling into a hot new type of ETF investing
▼ + stars: | 2024-09-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Read previewThe popularity of exchange-traded funds has skyrocketed over the past decade as more Americans have opted for them over mutual funds. Further, between 2014 and 2024, assets under management in ETFs were at 16%, versus 84% for mutual funds. Related storiesAn increased number of money managers are choosing to offer so-called model portfolios using ETFs as the main vehicles. This means managers opting for the ETF model portfolios have a range of active funds and expertise to choose from. It's a combination of ETFs, mutual funds, and separate accounts that are merged into a strategy.

Persons: —, Matt Barry, Jon Maier, It's, Maier, Barry, Merrill Lynch's Organizations: Service, JPMorgan, Business, Touchstone Investments, Morgan, Management

☆ I left my husband and 2 kids behind for a trip to Greece with my middle son. It gave us proper bonding time.
▼ + stars: | 2024-09-17 | by ( Wendy Altschuler | ) www.businessinsider.com time to read: +6 min

My husband and I rarely catch up with our own parentsWe see my husband's family about twice a month, as they live nearby. When my kids were small, we took road trips from Chicago to Montana, a 1,400-mile drive that would take 21 hours. The author's trip with her son began in Rafina, a port city near Athens. Wendy AltschulerA one-on-one vacation with my middle childIn June, I took my middle son to Greece on an adventure for just the two of us. I do this with each of my sons, but this time, it was my middle son's turn.

Persons: I'm, Long, we'd, they've, we're, Wendy Altschuler, Nikolas, beryl, I've Organizations: Service, Business, Fira Port Locations: Chicago, Montana, Rafina, Athens, Greece, Paros, Naxos, Santorini, Fira, Oia

I recently bought a used car, and I ended up getting gap coverage and an extended warranty. Gap insurance is crucialGap insurance is a type of car insurance that covers the difference between what you owe on your car loan or lease and the car's actual cash value in the event that your vehicle is totaled or stolen. So, for me, paying $1,060 extra for gap coverage and also checking to make sure my auto insurance coverage is sufficient is well worth it. If you're looking for the best car insurance, look no further. MaxCare provides coverage for unexpected vehicle repairs after the manufacturer's warranty has expired, protecting you from high out-of-pocket repair costs.

Persons: —, MaxCare, I'm Organizations: Service, CarMax Locations: CarMax

The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.

Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo

Below, we've put together everything you need to know about where to watch Dancing with the Stars, including what channel the show airs on and how to live stream it. Dancing with the Stars still airs on its usual network, which you can live stream through a variety of live TV services. Where to watch Dancing with the Stars in the USDancing with the Stars airs on Tuesdays at 8 p.m. Check price at HuluWhere to watch Dancing with the Stars in CanadaThe new season of Dancing with the Stars will be available to live stream on Disney+ in Canada as well. Check price at ExpressVPNHow to watch Dancing with the Stars with a VPNSign up for a VPN if you don't already have one.

Persons: we've, Ilona Maher, Stephen Nedoroscik, Dwight Howard, Joey Graziadei, Jenn Tran, Anna Delvey, Anna, Cha Cha, you'll, ExpressVPN, Danny Amendola, Witney Carson, Ezra Sosa, Jenna Johnson, Daniella Karagach, Chandler Kinney, Brandon Armstrong, Alan Bersten, Brooks Nader, Gleb Savchenko, Rylee Arnold, Phaedra Parks, Val Chmerkovskiy, Eric Roberts, Britt Stewart, Tori Spelling, Pasha Pashkov, Sasha Farber, Reginald VelJohnson, Emma Slater Organizations: Business, Olympic, Netflix, Stars, ABC, Disney, Hulu Locations: Hulu, Canada, Witney

☆ Here are the fundamental and the technical reasons that Microsoft stock can be bought
▼ + stars: | 2024-09-17 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Like the overall market, Microsoft has been running higher of late as odds increasingly favor a 50-basis-point Fed cut. With so much hope on Wall Street, if the Fed were to go with a smaller 25-basis-point move, the market could get hit and pressure Microsoft stock. The Club has a $500 per share price target on Microsoft stock. That's our fundamental case, which aligns with technical analysis of Microsoft's one-year stock chart pattern. A laptop computer with Microsoft Copilot+ installed is on display at the Best Buy store on June 18, 2024 in Miami, Florida.

Persons: Amy Hood, we've, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Microsoft, Fed, CNBC, Getty Locations: Miami , Florida

☆ We spent $900,000 to build a glass house. Airbnb guests love it, and it's a dream to live at one with the outdoors.
▼ + stars: | 2024-09-17 | by ( Dan Latu | ) www.businessinsider.com time to read: +10 min

This New Zealand home inspired Hawthorne to build a glass house in San Diego and another one in North Carolina. The design for the glass house had been on my mindHawthorne took some inspiration from Phillip Johnson's Glass House in Connecticut. It is somewhat based off Philip Johnson's Glass House, which has been one of my favorite architectural projects of all time. I planted a maple tree on our dock, which has become a destinationThe maple tree is watered by a Wi-Fi-operated irrigation system. We're renting out the glass house, but I dream of growing old thereWe drove the Airstream back to San Diego and came back here full-time in early August.

Persons: —, Andrew Hawthorne, Maya, Hawthorne, Andrew Hawthorne I'm, Andrew, Maya Hawthorne, let's, Phillip Johnson's, Philip Johnson's, Gaston, That's, I'm, I'd, it's, Lake Gaston, It's, We've, Andrew Hawthorne . Organizations: Service, Business, San, Lake Gaston, YouTube Locations: North Carolina, New Zealand, Hawke's, Zealand, San Diego, Park City , Utah, Lake Gaston, Raleigh, Connecticut, Zillow, Lake, NICU

☆ If you answer 'always' to these 7 questions, you’re more resilient than most
▼ + stars: | 2024-09-17 | by ( Scott Mautz | In Scottmautz | ) www.cnbc.com time to read: +5 min

Here's a mini-assessment focused on fortitude: If you can answer "always" to these seven questions, you're already more resilient than most. For example, during COVID, I saw a microbrewery turn a major setback (having to temporarily close) into an opportunity to have their employees spend time in the community on a variety of volunteer projects. The most resilient leaders I've worked for all shared one superpower: the ability to balance reality and hope. But highly resilient people concentrate on what they still have to be thankful for when setbacks arise. It means compartmentalizing any truly negative effect so it doesn't bleed over into other parts of your job or life.

Persons: I've, we've, you've

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ We're Californians who moved to Texas after experiencing homelessness. We've been here less than a year and can't wait to go home.
▼ + stars: | 2024-09-17 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +8 min

Price and Monam moved from Riverside, California, to Tyler, Texas, earlier this year. Eiman and I lived in the same apartment building in Riverside, California, for a long time. Dannielle Price (left) took a road trip with her kids to visit Tyler, Texas (right) earlier this year. We moved to Texas a second time in April 2024Dannielle: We all moved back in with my mom in Henderson, Eiman included. Dannielle Price and Eiman Monam said they've struggled to make ends meet in Tyler, Texas.

Persons: —, Dannielle Price, Eiman, Price, Monam, I've, Einam, weren't, Tyler, Henderson, that's, Eiman Monam, they've, We've Organizations: Service, Business, Washington Post Locations: Riverside , California, Tyler , Texas, Southern California, California, Texas, Mira Loma , California, Henderson , Texas, Henderson, East Texas, Riverside, Tyler

☆ Stock market setting itself up for disappointment as it hits all-time high ahead of the Fed
▼ + stars: | 2024-09-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Last week, markets expected a quarter-point rate cut and were just happy that the Fed was starting the cutting cycle. .SPX YTD mountain S & P 500, YTD And fed funds futures now point a majority of traders seeing a half point cut. Even though most Fed officials and economists believe the central bank would start with a quarter point. But now we've gone from that fear to expecting a half point. On the other hand, the JPMorgan traders think that a cut of a quarter point would "add to market uncertainty," meaning that we probably shouldn't expect the market to keep building on its all-time highs with a quarter point.

Persons: wouldn't, Michael Feroli, CNBC's Organizations: Federal Reserve, Dow Jones, JPMorgan

☆ My family moved to Switzerland 8 years ago. We couldn't find the type of life we wanted in the US.
▼ + stars: | 2024-09-17 | by ( Amy Aves Challenger | ) www.businessinsider.com time to read: +5 min

Read previewMy husband and I have three kids and four pets, and we've moved a lot in search of the American dream. We missed our laid-back, California progressive-style life, and we wanted our kids to grow up outdoors, around creative thinkers. My kids can move around independentlyIn Switzerland, most of our kids' new friends wandered out independently, walking, cycling, and using public transportation. Related storiesMy family was welcomedInternational families in Switzerland welcomed my family into a school community with people from over 40 countries with varied learning styles. AdvertisementWhile I witnessed various parenting styles in the Swiss international community, parents who overmanaged kids' friendships, teacher relationships, and academic performance weren't tolerated in Switzerland.

Persons: —, we've, I'd, Lynn, We've, that's, they'd, weren't, we'd Organizations: Service, Business, Swiss, Kids Locations: New York, Bay, California, Marin County, Connecticut, Fairfield, Switzerland, Swiss

☆ Instagram is rolling out Teen Accounts by default. It's about time.
▼ + stars: | 2024-09-17 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Read previewTeenagers across the world will experience something slightly different when they open Instagram over the next few weeks: Meta will now designate users under 18 as "Teen Accounts" — by default. The teen settings will automatically apply to newly made accounts and existing ones. Teen Accounts will have "Sleep Mode" enabled by default. For younger teens, parents can see who their children direct message with — but won't be able to read their DMs. Accounts of 16- and 17-year-olds will automatically default to Teen Accounts, but they'll be able to change the settings on their own (unless a parent has already signed onto parental controls).

Persons: —, Nick Clegg, hasn't, Clegg, we've, it's, they'll, Adam Mosseri, Meta Organizations: Service, Business, Meta, Facebook, Apple, Google, US

☆ SpaceX Starlink has 2,500 airplanes under contract after United megadeal, director says
▼ + stars: | 2024-09-17 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

A Starlink terminal installed on a Hawaiian Airlines aircraft. Hawaiian AirlinesPARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week's United Airlines deal, a company director said Tuesday. Last week, United said it will outfit its more than 1,000 planes with Starlink and won't charge customers for the Wi-Fi. SpaceX has previously announced in-flight deals and has started service with Hawaiian Airlines , Qatar Airways, Japan's Zipair, Latvia's airBaltic and semi-private charter airline JSX. Nick Galano, SpaceX director of Starlink Aviation Sales and Partnerships, center, speaks at the World Space Business Week conference in Paris on Sept. 17, 2024.

Persons: Nick Galano, United, Gogo, Japan's, Latvia's, Galano, SpaceX, Michael Sheetz Galano, Glenn Latta, Latta, We've Organizations: Hawaiian Airlines aircraft, Hawaiian Airlines PARIS, SpaceX, United Airlines, IFC, Starlink's, Viasat, Panasonic, Thales, Hawaiian Airlines, Qatar Airways, Starlink Aviation, CNBC, Delta Air Lines, Delta Locations: Paris, United

☆ Tuesday, September 17, 2024: Cramer says we've been playing the rate cut
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: 1 min

Tuesday, September 17, 2024: Cramer says we've been playing the rate cutJim and Jeff discuss the stock moves for this retailer. They also dive into this Big Tech stock's buyback program and discuss this mega-cap tech's return to office push.

Persons: Cramer, we've, Jim, Jeff Organizations: Big Tech

If you haven't picked up a subscription yet, you're in luck since you can get 50% off Paramount+ annual plans for a limited time only. Below, we've outlined the exact savings and highlighted what you'll get with each available Paramount+ plan. The Paramount+ Essential plan typically costs $8 a month, and the Paramount+ with Showtime tier usually costs $13 a month. This is the only place in the US where you'll be able to find total Champions League coverage. If you fancy some international soccer options, many of which are free, check out our extensive guide on how to watch Champions League live streams.

Persons: we've, you've, you'll Organizations: Business, Champions League, NFL, CBS, Paramount, Blue, Champions League soccer, Showtime, Paramount Pictures, UEFA Champions League, League

☆ Looking for tech stocks? CIO names 3 to buy — and says Nvidia is still 'reasonably valued'
▼ + stars: | 2024-09-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Tech stocks may have had a volatile past few weeks , but one chief investment officer is still bullish. The chief investment officer believes Nvidia's stock is "reasonably valued," based on its two to three-year outlook. "We've been doing that, and we've been pretty happy with the price we've been getting," he added. Broadcom shares fell 7% in extended trading following its results announcement, but remain up close to 47.5% year-to-date. Nineteen of 33 analysts covering the stock give it a buy or overweight rating, according to FactSet data.

Persons: Jason Ware, Jensen Huang's, Ware, CNBC's, We've, we've, Oracle Corporation Ware, it's, Leswing, Jordan Novet Organizations: Microsoft, Nvidia, Oracle, Broadcom, Oracle Corporation, Apple, Tesla Locations: Albion

Shogun and Hacks were among the big winners last night, along with The Bear, The Traitors, and others. Below, we've put together everything you need to know about where to watch Shogun, Hacks, and other Emmy winners. Hacks also impressed, racking up multiple wins, including Outstanding Comedy Series. Where to watch ShogunShogun, based on the 1975 James Clavell novel, is the first non-English-language series to win Outstanding Drama. Check price at Peacock TVWhere to watch The Daily ShowThe Daily Show won two Emmys this year, including Outstanding Talk Series.

Persons: we've, Shogun, Ted Lasso, James Clavell, Jean Smart, It's, Max, Alan Cumming, RuPaul, Peacock, Trevor Noah, Jon Stewart, John Oliver, ExpressVPN Organizations: Business, Creative Arts, Hulu, Max, NBC, Daily, Comedy Central, Paramount, CBS, NFL, Nickelodeon, BET, MTV, Showtime, HBO

☆ BlackRock's Rick Rieder says a golden age for fixed income begins this week with the Fed rate cut
▼ + stars: | 2024-09-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

With the Federal Reserve expected to begin its rate-cutting cycle this week, investors should take advantage of this "golden age of fixed income" now, according to BlackRock's Rick Rieder. "The world is changing," said Rieder, the asset manager's global chief investment officer of fixed income. In this environment, Rieder likes the belly of the curve and assets like securitized products , high yield and European credit. BINC currently has about 28% of its assets in non-U.S. credit and about 20% in U.S. high-yield bonds. Rieder is not concerned about the narrow spreads in high-yield credit.

Persons: BlackRock's Rick Rieder, —, Rieder, BINC, We've, CLOs Organizations: Federal Reserve, SEC, Fed, AAA, MBS, AAA CLOs Locations: BlackRock, Europe, U.S

☆ In federal trial, Michael Kors says it's harder to sell handbags in TikTok and Taylor Swift era
▼ + stars: | 2024-09-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Designer Michael Kors poses backstage before the Michael Kors Collection Fall 2017 runway show at Spring Studios in New York City on Feb. 15, 2017. The deal, if approved, would put six fashion brands under a single company: Tapestry's Coach, Kate Spade and Stuart Weitzman, with Capri's Versace, Jimmy Choo and Michael Kors. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. Gennette, who retired early this year, said the department store's sales got hit because it leaned too heavily on Michael Kors' brand. He said the markdown of Michael Kors' handbags contributed to "a bad spiral Macy's was living through when I was there."

Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, we've, Jeff Gennette Organizations: Spring Studios, Federal Trade Commission, FTC, Tapestry Locations: New York City, Manhattan, Capri

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