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☆ CFRA raises S&P 500 outlook, sees 11% gain over the next 12 months
▼ + stars: | 2024-08-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

CFRA Research sees more upside for the benchmark S & P 500 over the next 12 months, even if the risk of near-term profit taking looms. The higher forecast implies a year-end target of 5,770 for the S & P 500, or a 4.5% uptick from Wednesday's close for the benchmark. Stovall's previous year-end S & P 500 target called for 4,940. A combination of more stable supply-and-demand dynamics coupled with a widening of market gains supports the more bullish outlook, CFRA said. The S & P 500 has a roughly 14% gain this year, compared to the Nasdaq Composite's roughly 15% advance.

Persons: Sam Stovall, Evercore's Julian Emanuel, CFRA, Russell Organizations: Research, Federal Reserve, Nasdaq Locations: Wednesday's

☆ 11 US housing markets most at risk from climate change — with annual homeowners insurance premiums up to $10,473
▼ + stars: | 2024-08-01 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Here's what you need to know about home insurance in the age of climate change, as well as the top most at-risk US housing markets. While State Farm recently reversed this decision and agreed to renew the policies, California homeowners must secure fire coverage separately through a state-backed insurance program. Still, climate change-related risks play an undeniable and increasing role in home insurance premium pricing as more insurance providers design their policies to consider extreme weather. AdvertisementThe 11 most at-risk US housing marketsCalifornia is hardly the only state being impacted by climate change. For ease of comparison, the annual insurance premiums shown represent how much a homeowner would pay for $300,000 of dwelling coverage.

Persons: —, Bankrate, It's, We've Organizations: Service, Business, Insurance, National Centers for Environmental, Farm, Golden State Locations: California, East, Golden

☆ To woo investors, hedge funds are reviving a strategy left for dead post-crisis — supercharged index investing
▼ + stars: | 2024-08-01 | by ( Alex Morrell | ) www.businessinsider.com time to read: +12 min

Read previewFaced with higher rates and a daunting fundraising climate, hedge funds are wooing investors with a seemingly antithetical pitch: index investing with a twist. Hedge fund industry insiders are abuzz right now about "portable alpha," a blast-from-the-past strategy that's undergoing a revival. According to the Morgan Stanley white paper, it can take on a variety of forms, including "dedicated portable alpha funds, portable alpha share classes, portable alpha feeder funds and other solutions." Advertisement"It's a nice way of smuggling hedge funds into your portfolio if you're an allocator," said Jon Caplis, CEO of hedge fund research firm PivotalPath. He said much of the industry still hasn't woken up to the appetite for portable alpha solutions and the potential boon to hedge funds.

Persons: —, punchier, Kim Shaw, Morgan Stanley, There's, Shaw, Penny Novick, Morgan, Novick, Bill Gross, Myron Scholes, PIMCO's, Roark Stahler, Jon Caplis, Russell, PIMCO, Sabrina Callin, Brian Payne, Payne, Caplis, hasn't Organizations: Service, Trading, Business, Man, CME Group, BlackRock, Barclays, Russell Investments, Institutional, State, Investor, BCA Research, Teachers, Investors Locations: Winton, American, Illinois

☆ Political Violence and Division Aren’t Worse Than Ever - The New York Times
▼ + stars: | 2024-07-31 | by ( Zeynep Tufekci | ) www.nytimes.com time to read: +6 min

Don’t Tell My Friends, But… is a seriesin which we asked Times columnistswhateveryone else is wrong about. And research showing big partisan divides over a wide range of issues, with political violence on the rise. However, there have been many periods in U.S. history when things were worse — and we could end up there again. To see how bad it could get, there’s no need to go all the way back to the Civil War. Studying the history of violent political division is the opposite of resignation or nihilism: It’s a hopeful call to action!

Persons: Martin Luther King Jr, King, Robert Kennedy, — Richard Nixon, Nixon, Max Noel, Bryan Burrough, Noel scoffs, ”, “, Antonio Gramsci, hasn’t Organizations: Capitol, Gallup, Democratic National Convention, Electoral, National Guard, Kent State, Democratic National Committee, Pentagon, U.S . Capitol, State Department, Wall, California Attorney General’s, downer Locations: Washington, Vietnam, Chicago, Cambodia, Ohio, California, United States, Italian

I want to retire early, so I asked a financial planner what mistakes I should watch out for. In an effort to get on track, I chatted with certified public accountant and certified financial planner Ryan Nelson about the most common mistakes people make when they attempt to retire early. He advised people to proactively calculate the cost of health insurance during early retirement before reaching Medicare age, which is currently 65. "Look into private marketplace options, whether individual health insurance plans, health sharing ministries, or short-term health insurance plans to see how much these could cost." Not maximizing health savings account contributionsFor those planning to retire early, Nelson also recommend that they maximize their health savings account contributions.

Persons: —, Ryan Nelson, Nelson, Roth, I've Organizations: Service, Roth IRA, IRA

☆ Spending takes center stage in Meta Platform's earnings report after the bell Wednesday
▼ + stars: | 2024-07-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

More important to Wall Street is the company's capital expenditures — or spending — as investors are demanding to see clear signs that hefty investments in AI are beginning to pay off . META 1M mountain Meta shares this month The intensified attention toward AI spending comes on the heels of Alphabet's quarterly print and during a "make-or-break" week with earnings from four tech behemoths. While Alphabet topped Wall Street estimates, its rising expenses spurred a sell-off across the sector. But Beck also sees Meta shares going higher as he raised his price target to $600. An uptick in advertising Wall Street is also keeping an eye on advertising figures this quarter, with Nowak viewing Meta as best situated to weather any uncertainty.

Persons: Wolfe Research's, Khajuria, Morgan Stanley, Brian Nowak, capex, Raymond James, Josh Beck, Beck, Wells, Ken Gawrelski, Nowak, Mark Shmulik, Deutsche Bank's Benjamin Black, bode, America's Justin Post Organizations: Meta, StreetAccount, Deutsche, America's, ~$ Locations: Paris

☆ Bank of England's rate cut is on a knife-edge even with inflation on target
▼ + stars: | 2024-07-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Market pricing on Wednesday morning suggested a 60% probability of a rate cut at the BOE's Aug. 1 meeting. That is far less conviction than traders had before the European Central Bank enacted its own rate cut at the start of June; while pricing for the U.S. Federal Reserve to cut for the first time in this cycle in September has hit 100%. watch nowIn both May and June, seven MPC members voted to hold, as two voted to cut by 25 basis points. Headline U.K. inflation spiked higher than in the U.S. and euro zone over the last two years, but has also cooled more quickly. "I would rather hold rates until there is more certainty that underlying inflationary pressures have subsided sustainably," Haskel said.

Persons: Mike Kemp, BOE, Jonathan Haskel —, —, Haskel Organizations: of England, Bank of England's, European Central Bank, U.S . Federal Reserve, MPC Locations: City of London, U.S, BOE, U.K

☆ Ford reveals 2025 Maverick pickup with new technologies, hybrid options
▼ + stars: | 2024-07-31 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Ford Motor has redesigned its small Maverick pickup truck, adding more technology, new performance and hybrid options to the vehicle. Updates to the 2025 Ford Maverick include refreshed exterior and interior styling, including a 13.2-inch center touchscreen; an all-wheel-drive hybrid option; and connectivity features such as a 5G modem and wireless Apple CarPlay and Android Auto. The Ford entry-level pickup has been a surprise hit for the company since its introduction in 2021. The Maverick is drawing new customers to the Ford brand — many of whom are buying their first-ever new vehicle, the company said. Additionally, Ford said 80% of Maverick owners did not own a truck as their previous vehicle.

Persons: Ford, John Emmert Organizations: DETROIT, Ford, Apple, Android, CNBC Locations: North America

CNN —During the first whirlwind week of her second presidential campaign, Kamala Harris locked up the support of the Democratic Party, recruited thousands of volunteers and hauled in $200 million in donations. The next test of Harris’ appeal will take place Tuesday in Georgia, where her campaign is hosting an Atlanta rally. “The groundswell of support around the vice president is real and it is meaningful,” Dan Kanninen, Harris’ battleground state director, told reporters Monday. “Tomorrow, Vice President Harris’ visit will highlight her brighter vision for the future, where our freedoms are protected and every American has a fair shot. The campaign has 24 coordinated offices and 170 Democratic coordinated campaign staff across the state.

Persons: Kamala Harris, Joe Biden, Harris ’, Democratic Sens, Raphael Warnock, Jon Ossoff, Stacey Abrams, Megan Thee, Harris, “, Dan Kanninen, Donald Trump, Biden, Georgia –, jolt, Geoff Duncan, Porsha White, ” White, ”, Nikema Williams, ” Williams, Harris outperforming Biden, Trump, Weeks, – Ossoff, Warnock –, Jay Williams, “ It’s, Abrams, Brian Kemp, Hillary Holley, ” LaTosha Brown, Brown, ” Brown Organizations: CNN, Democratic Party, Democratic, Sun, Morehouse College, Republican, Georgia, Georgia Democrats, Atlanta, Trump, Biden, New York Times, White, Republican Gov, Black Locations: Georgia, Atlanta, Michigan , Wisconsin, Pennsylvania, Arizona , Nevada, North Carolina, Gaza, Harris ’ Georgia, American, Siena, Georgia isn’t, Washington, Harris, “ Georgia

☆ The Fed isn't really concerned about the recent uptick in unemployment, says RSM's Joe Brusuelas
▼ + stars: | 2024-07-30 | 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 Fed isn't really concerned about the recent uptick in unemployment, says RSM's Joe BrusuelasJoseph Brusuelas, RSM U.S. principal and chief economist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, what to expect from the Fed's policy meeting this week, rate path outlook, and more.

Persons: Joe Brusuelas Joseph Brusuelas Organizations: RSM U.S

☆ Bank of America names Goldman Sachs its top financial pick, gives 3 catalysts that will drive the shares
▼ + stars: | 2024-07-30 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America analysts are growing more bullish on Goldman Sachs after meeting with chairman and CEO David Solomon. BofA reiterated a buy rating on Goldman Sachs in a note on Tuesday that summarized the meeting, alongside a $563 per share price target. GS YTD mountain Goldman Sachs stock. "We believe it is one of the best financial franchises (and among the strongest risk managers) globally at relatively discounted valuations on mid-teens ROE potential," Poonawala said. Goldman Sachs stock has advanced about 31% in 2024 through early trading Tuesday.

Persons: Goldman Sachs, David Solomon, BofA, Goldman, ROE resiliency, Ebrahim Poonawala, headwinds, Solomon, ROE, Poonawala Organizations: of America, Goldman, Wall Locations: Goldman Sachs

☆ These are the 10 best rental markets in America based on affordability, job opportunities and more
▼ + stars: | 2024-07-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

1 rental market in America: Austin, TexasAustin in the Austin-Round Rock, Texas metro area ranked as the top rental market, according to Realtor.com. 10 best rental markets in AmericaAustin, Texas Oklahoma City, Okla. Birmingham, Ala. San Antonio, Texas Minneapolis, Minn. Sandy Springs, Ga. Nashville, Tenn. Kansas City, Kan. Raleigh, N.C. Norfolk, Va. Oklahoma City is the No. The Oklahoma capital had a rent-to-income ratio of 17.7%, making it the most affordable rental market among the top 10. Oklahoma City is also one of the best cities for new college graduates, according to a June Zumper report. Oklahoma City, Oklahoma Marcus Elwell | Moment | Getty Images

Persons: Realtor.com, didn't, Austin , Texas Austin, Austin, Oklahoma City , Oklahoma Marcus Elwell Organizations: Midwest . Cities, Austin, Getty, U.S, San Francisco and New, Google, Apple, America Austin , Texas Oklahoma City, Va . Oklahoma City, Oklahoma, Oklahoma City, . Census Bureau Locations: United States, Cities, Northeast, Northwest, New York City, Los Angeles, South, Midwest, Austin , Texas, Nashville , Tennessee, America, Austin, , Texas, Austin , TX, San Francisco and, San Francisco and New York City, The Texas, WalletHub, America Austin , Texas Oklahoma, Okla, Birmingham, Ala, San Antonio , Texas Minneapolis, Minn, Sandy Springs, Ga, Nashville, Tenn . Kansas City, Kan . Raleigh, N.C . Norfolk, Va . Oklahoma, U.S, Oklahoma, Oklahoma City, Oklahoma City , Oklahoma

☆ Nothing will replace face-to-face meetings that involve trust, creativity: TravelPerk's COO
▼ + stars: | 2024-07-29 | 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 EmailNothing will replace face-to-face meetings that involve trust, creativity: TravelPerk's COOTravelPerk's Chief Operating Officer Jean-Christophe Taunay-Bucalo discusses the uptick in business travel and the impact of AI on the sector.

Persons: Jean, Christophe Taunay, Bucalo

Airports and airlines say they can handle both. U.S. airlines expect to transport 271 million passengers worldwide this summer, up 6.3% from last season, the Airlines for America trade group has projected. Peter Steffen / picture alliance via Getty ImageThe U.S. Department of Transportation tracks “extreme weather” delays caused by conditions like tornadoes, blizzards or hurricanes but not those due to heat. During extreme heat, the airport urges employees to stay hydrated, take frequent breaks and, if they’re working outdoors, to cool off inside every hour. “Passengers are also encouraged to use the airport’s water stations to stay hydrated in the Arizona heat,” he added.

Persons: It’s, Kevin Burke, Peter Steffen, Harry Reid, ”, Patrick Smith, Amanda Mazzagatti, Robert Thomas, Smith, they’re, John Trierweiler, PHX Organizations: Airlines, America, Airports, Getty, U.S . Department of Transportation, London’s, Airport, Alaska Airlines, Harry, Harry Reid International, “, Embry, Riddle Aeronautical University, Sky Harbor International, Aviation Locations: U.S, America, Hanover, Germany, Europe, Seattle, Portland, California , Texas, Arizona, Louisiana, Las Vegas, Vegas, Daytona Beach , Florida, Phoenix

☆ Most people don't really care about COVID anymore. That's good — and bad.
▼ + stars: | 2024-07-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Healthcare professionals told BI that the public's more relaxed attitude toward COVID is ultimately a good thing. AdvertisementThe long COVID scareRelaxed attitudes are not necessarily a bad thing, according to doctors. On the one hand, people are generally not getting as sick as they once did when ill with COVID, medical professionals told BI. AdvertisementMedical professionals are doing their best to understand long COVID, but admit that there's still much to learn. "When I treat people with long COVID, they are always masked," Chopra said.

Persons: —, Joe Biden, Anita Chopra, Eric Chow, Edward Jones, Lopez, Chow, we've, Jessica Bender, Bender, Chopra, Long, ROBYN BECK Organizations: Service, Business, University of Washington, Public Health Seattle, Yahoo, Keck Medicine, University of Southern, Centers for Disease Control, UW, Getty, National Library of Medicine Locations: King County, University of Southern California, Seattle

☆ Interested in a second passport? Get ready to pay hundreds of thousands.
▼ + stars: | 2024-07-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

While most people wouldn't decline a backup option in another country, the process of obtaining a secondary passport can be quite complicated — and expensive. Business Insider spoke to Judi Galst, who manages Henley & Partners' New York office, about the general steps required to get a secondary passport. AdvertisementThe specific requirements vary by country, Galst said. Countries like Spain are slow for citizenship approval, but have a relatively quick path to residence through investment, Galst said. The Caribbean has the lowest cost, and it requires a $200,000 contribution or $300,000 investment in real estate per application.

Persons: —, Judi Galst, Galst Organizations: Service, Henley & Partners, Business, Henley, Partners, New, FBI, Security Locations: New York, Antigua, Portugal, Spain, Caribbean, Maltese, Malta

☆ Some millennials are moving into neighborhoods with built-in golf and yoga that let them live like carefree retirees
▼ + stars: | 2024-07-27 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

The 13th hole on the Jack Nicklaus Signature Golf Course at Juniper Preserve. The golf course and clubhouse at Hualalai Resort in Hawaii. For Chelsea, a golf course community's "selling point" was simply the ability to enjoy nature. "I could go either way on living on a golf course — it didn't really matter to me," she added. "But the idea that when the golf course is closed, then you have this great big space between you and your neighbors.

Persons: —, Zers, lockdowns, Brandon, Chelsea Lehmann, Jack Nicklaus —, Jack Nicklaus, they're, Brandon Lehmann, Chelsea, Keith Poliakoff, Poliakoff, Kevin McDonald, Xer, Kristie, Kevin, they've, Nick Pantuliano, Pete, Pantuliano, it's Organizations: Service, Business, Juniper Reserve, Chelsea, Government, Group, Golf Foundation, PTM Partners, Juniper Locations: Bend , Oregon, Portland, Juniper, Bend, Brandon, Chelsea, Oregon, Florida, Hawaii, Toronto, Real, St, Petersburg , Florida, St . Petersburg

☆ The noon-to-4 is the new 9-to-5 for driving commuters, but it's not helping traffic congestion
▼ + stars: | 2024-07-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Read previewAfter roads went eerily quiet during the early months of the pandemic, traffic is back with a vengeance. New remote and hybrid work schedules and a rise in car ownership in recent years have transformed traffic and congestion patterns. New York City had the worst congestion of any city in the world in 2023, the INRIX report found. AdvertisementNew York City had the worst congestion of any city in the world in 2023, the INRIX report found. While the population of New York City residents rose 1.4% between 2012 and 2021, the number of registered passenger vehicles rose by 12%.

Persons: —, INRIX, Bob Pishue, COVID, Pishue, Declan Gill Organizations: Service, Business, New, People Locations: Dallas, New York, Manhattan, New York City, York City, Yorkers

☆ Why do women’s haircuts cost more than men’s?
▼ + stars: | 2024-07-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

Last year, the average cost for a standard women’s haircut was $51.71 compared with $34.56 for a men’s haircut across the United States, according to transaction data provided exclusively to CNN by Square, a payment systems provider. A man gets his hair cut in a barber shop in Colchester, United Kingdom. That report found the average cost of a women’s haircut ranging between $45 and $75 across the country, while men’s toggled between $25 and $50, though it did not specify whether the typical women’s haircut included extra services such as a blow dry. “When you go to cosmetology school to become a hair stylist, you learn to how to cut hair,” they told CNN. Goldie x Bob is one such hair salon that, five years ago, threw out its gender-based price list.

Persons: London CNN —, YouGov, ” Matthew Smith, Carl Court, Fred Jones, I’m, ”, Jones, “, Tara Farmer, ” Farmer, Raychel Brightman, Newsday, Caroline Larissey, ” Larissey, ‘, Kristin Rankin, Rankin, ” Rankin, Goldie, Bob, Liz Burns, Ashlie, Burns Organizations: London CNN, CNN, Square, Professional Beauty Federation of California, Getty, & Beauty Federation, “ Locations: United States, South Dakota, Colchester, United Kingdom, West Babylon , New York, New York City, Denver, Ashlie Heath

☆ Sales of $100 million homes set to double this year as trophy properties recover
▼ + stars: | 2024-07-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. As of July 15, six homes in the U.S. have sold for more than $100 million, according to data from Miller Samuel and Douglas Elliman. If the sales pace continues, it would more than double last year's total and likely eclipse the record of nine homes sold for over $100 million in 2021. But sales of homes priced at $50 million, $20 million and even $10 million are all signaling a strong rebound for the ultra-luxury real estate market after its decline in 2023. A penthouse at Central Park Tower — the tallest residential building in the world — closed for $115 million to an unknown buyer.

Persons: Robert Frank, Miller Samuel, Douglas Elliman, Jonathan Miller, Aman, Vladislav Doronin, Oakley, James Jannard Locations: U.S, Manhattan, York, Russian, Palm, Tarpon Island, California

☆ Southwest ditching its unassigned seat policy shows how budget airlines' business models are getting upended
▼ + stars: | 2024-07-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, Southwest ditching its unassigned seat policy is a sign of the end times for budget airlines as we know it. Southwest Airlines is ending its open seating policy , opting for assigned and premium seating options. Between paid seat assignments and premium seating, Southwest could add as much as $3 billion in new revenue, according to one analyst. AdvertisementKevin Carter/Getty ImagesThe real pain of the current travel landscape is being felt by budget airlines. That's why Southwest's decision to end its open seating policy could be a sign of the end of budget airlines as we know it, writes BI's Taylor Rains and Pete Syme.

Persons: —, Chelsea Jia Feng, Elliott Management's, wasn't, Insider's Benjamin Zhang, Kevin Carter, BI's Taylor Rains, Pete Syme, Bob Jordan, Goldman Sachs, Jenny Chang, Rodriguez, Prince Williams, Getty, Griffin, Tyler Le, NKSFB, Chris Brown, Rupert Murdoch, Murdoch, they're, They're, Claudia Sahm, Donald Trump, Benjamin Netanyahu, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Southwest Airlines, Southwest, Southwest isn't, Bank of America, Getty, Bauer, Fox, News Corp, Mar Locations: Southwest, —, Taylor, Los Angeles, Lago, New York, London

Chuo Ward, Tokyo, Japan - February 23, 2018; Top luxury shopping streets with multi colored neon signs. For the first half of the year, luxury group LVMH this week reported " exceptional growth in Japan arising in particular from purchases made by Chinese travelers." SHANGHAI — Luxury brands are seeing a surge in sales in Japan, largely driven by purchases from Chinese travelers taking advantage of a weak yen, according to earnings results this month. The income segment covers families in mainland China earning at least 30,000 yuan a month ($4,140, or about $50,000 a year). besides Hong Kong, across most luxury brands."

Persons: Yves, Yves Saint Laurent, Trip.com, Xiao Hong Shu, netizen, Oliver Wyman, Louis Organizations: Yves Saint, Burberry, U.S, Federal Reserve, Bank of Japan, South, Japan National Tourism Organization, CNBC Locations: Chuo Ward, Tokyo, Japan, Ginza, China, Southeast Asia, SHANGHAI, South Korea, Weibo, Sapporo, Hong Kong, Malaysia, France, Asia

☆ What can drive Apple stock from here? Much more than the iPhone maker's earnings next week
▼ + stars: | 2024-07-26 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Any commentary on initial interest in Apple Intelligence will determine where shares go next. As of Wednesday, Apple stock gained about 13% year to date — just shy of the S & P 500 's 2024 performance. The bull/bear debate on Apple depends on whether the benefits of Apple Intelligence are "priced in" at current levels. Yes, the iPhone will be the greatest, most direct way for Apple to realize financial benefits from Apple Intelligence in the near term. Apple will announce plans to incorporate artificial intelligence (AI) into Apple software and hardware.

Persons: There's, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Apple, Big Tech, Developers, Apple Intelligence, Barclays, JPMorgan, CNBC, Apple Worldwide Developers Locations: what's, geolocation, Cupertino , California

☆ Most luxury companies are struggling in China — except one
▼ + stars: | 2024-07-26 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

Read previewAs Chinese buyers eschewed local stores and poured into Japan this year in search of luxury bargains, one high-end powerhouse was an outlier. AdvertisementThe company's success in China comes as many of Hermès' industry peers saw China and Asia revenue sales tank from softening consumer demand. But most of Hermès' sales this year in China and Japan were largely from local customers, said Dumas. "Not very many foreigners buy Hermès in Japan, and the Chinese tend to buy in China." The luxury company reported overall sales revenue for the first half of the year of 7.5 billion euros, an increase of 12% compared to the same period in 2023.

Persons: —, Hèrmes, Hérmes, Axel Dumas, Burberry, Hermès, Dumas, Hermes Organizations: Service, Business, Hermès, Bloomberg Locations: Japan, Asia, China, Paris, Pacific, Europe, France

☆ Barbie’s gynecologist appointment increased online search interest around reproductive health, new study finds
▼ + stars: | 2024-07-25 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

CNN —When she leaves Barbie Land for the real world, Barbie must keep up with her regular health maintenance, which includes seeing her gynecologist. Those examples and others inspired the researchers to look into the “Barbie” effect on interest in women’s reproductive health. But the authors noted that an increase in seeking gynecologic care may not be accurately captured in search trends. It’s possible that the searches were from people who don’t need gynecologic care, the authors note in the study. “I feel like (the scene) starts the conversation — anything that starts the conversation about reproductive health tends to cause folks to want to explore that and go in and take a look at what they should be doing about their own health,” Irobunda said.

Persons: Barbie, Barbie ”, ”, Katie Couric, Angelina Jolie, Eva Sénéchal, ” Sénéchal, he’s, Nitu, Bajekal, —, “, “ I’m, Barbie exuberantly, ‘, ’, Kate Connors, “ Barbie, Greta Gerwig, ‘ Barbie, ” Gerwig, Gynecologists, Heather Irobunda, ” Irobunda Organizations: CNN, JAMA, McGill University, American College of Obstetricians, USA Today, The American College of Obstetricians, New York, New York City Health, Hospitals Corporation Locations: Montreal, London, Perimenopause, New, New York City

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