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WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.

Persons: Donald Trump’s, Trump, he’s, Joe Biden, ”, Alan Morrison, “, ” Morrison, ‘, ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, ’, Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada

☆ Lost and found: Life after Ozempic and other weight-loss drugs was just the start for these four people
▼ + stars: | 2024-11-16 | by ( Carma Hassan | Zoe Todd | ) edition.cnn.com time to read: +19 min

The 22-year-old content creator approached her doctor about weight loss medication in March, before she had breast reduction surgery. Method: Zepbound, diet changes, exerciseZepbound, diet changes, exercise Duration: Took Zepbound from May to October. “The breast reduction was a big step, but the weight loss put a little cherry on top,” she said. Method: Compounded semaglutide, diet changes, exerciseCompounded semaglutide, diet changes, exercise Duration: Took compounded semaglutide from February to May. Method: Ozempic, diet changes, exerciseOzempic, diet changes, exercise Duration: Took Ozempic from May 2020 to October 2023“I was very close to being 300 pounds.

Persons: Sanjay Gupta, ”, Eduardo Grunvald, Alexus Murphy, CNN Alexus Murphy, Alexus, Murphy, It’s, it’s, “, ” Murphy, Alexus Murphy She’s, “ It’s, “ I’m, you’re, Steven Ray, Ray, he’s, ” Ray, Becky Bell, CNN Becky Bell, she’s, Bell, ” “, ” Ozempic, Max Nazaire, ” Bell, Nazaire, She’s, Ozempic, Dustin Gee, CNN Dustin Gee, didn’t, I’ve, –, ” Gee, Gee, ‘, Cristian, Emanuel, Jackson, Alex, Gee's, Dr, CNN’s Tal Yellin Organizations: CNN, CNN — Research, University of California, BMI, Houston, Inland, Health, Medi, Cal, US Food and Drug Administration, FDA, “, Bell, Ozempic, Mayo Clinic Diet, Get CNN, CNN Health Locations: San Diego, California, Houston, Woodstock , Georgia, Safe Haven, Peru, Bellingham , Massachusetts, Lima

☆ Bill Ackman's Pershing Square doubles down on Nike and one name tied to data centers
▼ + stars: | 2024-11-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Bill Ackman's Pershing Square doubled down on Nike and Brookfield in his concentrated portfolio last quarter. The high-profile investor boosted his investment in Nike drastically in the third quarter, making the bet worth $1.4 billion, according to a regulatory filing. The bet was only worth about $220 million at the end of June. Nike is in the midst of a broader restructuring after it shifted its strategy to sell directly to consumers. Pershing Square also boosted its bet on Brookfield last quarter to a stake worth $1.74 billion, making it the second biggest holding behind Alphabet.

Persons: Bill Ackman's, Elliott Hill, Howard Hughes Organizations: Bill Ackman's Pershing, Nike, Brookfield, Pershing, Microsoft, Brookfield Asset Management, Hilton Worldwide, Restaurant Brands, Canadian Pacific, Canadian Pacific Kansas City Locations: Canadian Pacific Kansas

☆ 3 individuals who turned their reselling side hustles into full-time gigs share their strategies for finding profitable products
▼ + stars: | 2024-11-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

BI has spoken with entrepreneurs who make money buying and reselling items on sites like eBay. AdvertisementBusiness Insider has spoken with a handful of individuals who have had so much success reselling items as a side hustle that they quit their day jobs to do it full-time. Richard S. advises looking at what is selling well by browsing the "sold items" section of your category on eBay for 30 minutes a day. In the reselling business, "it doesn't matter what I think is cool," he said. Richard S. inside his vintage clothing store, The Spot, in Coral Springs, Florida.

Persons: —, Richard S, curating, Kendall VanGilder, Antonia Wade He, Val Zapata, VanGilder, Zapata, Val Zapata Richard S, Ralph Lauren, he's, Roger Federer, Rafael Nadal, she'll, I'd, He's Organizations: eBay, Service, Nike Locations: Lululemon, Germany, Coral Springs , Florida

☆ China's luxury slump is trickling down to other consumer companies
▼ + stars: | 2024-11-07 | by ( Madeline Berg | Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's luxury slump is spreading to more consumer brands. Companies like Starbucks, Estée Lauder, and Nike have reported falling sales in the region. It's hitting Western brands particularly hard, as reflected by companies across the consumer sector reporting muted sales in China in the most recent quarter. Consumer spending in China never fully recovered after the government started lifting COVID-19 curbs in late 2022. AdvertisementAdidas managed to buck the trend, reporting sales up 9% in Greater China in the third quarter.

Persons: Estée Lauder, —, China's, MingYii Lai, Brian Niccol, L'Oréal, Lynn Song Organizations: Companies, Starbucks, Nike, Service, Burberry, Daxue Consulting, InBev, Carlsberg, Apple, Adidas, Heineken, Greater China, ING Locations: China, Beijing, Greater China, Greater

☆ Beyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upside
▼ + stars: | 2024-11-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ASML's net bookings for the third quarter were 2.6 billion euros ($2.79 billion), below the 5.6 billion euros penciled in by Wall Street analysts. ASML expects net sales for 2025 to come in at the lower of half of the 30 billion euros and 35 billion euros range it previously predicted. Coca-Cola HBC Goldman is betting on Coca-Cola HBC, also known as CCH, given its solid top-lines and strong margin uplift. This phenomenon — coupled with an improving product pipeline across brands — has pushed analyst Richard Edwards to an "above consensus view" on JD's LFL (like-for-like) sales growth. Edwards also expects space expansion and acquisitions to contribute to an average 10% sales growth from 2025 to 2027, above the consensus average of 7%.

Persons: ASML, Goldman Sachs, Goldman, Cola HBC Goldman, Olivier Nicolai, Richard Edwards, Edwards, — CNBC's Michael Bloom Organizations: Wall Street, ASML, Heineken, Philips, Cola HBC, Hellenic Bottling Company, JD Sports, Coca, CCH, London Stock Exchange, — Locations: U.S, British

☆ Hoover Dam John Doe: Missing man identified after 15 years
▼ + stars: | 2024-11-07 | by ( Jordan Brown | Jordan D. Brown | ) edition.cnn.com time to read: +3 min

After noticing the first bone, the workers continued searching the area – and found bone after bone, according to the Mohave County Sheriff’s Office. The recovered items were submitted to the Mohave County Medical Examiner’s Office for further investigation, but the detectives hit a dead end. Othram Inc.’s specialty in forensic genetic genealogy was the missing piece to this 15-year-old puzzle. In October, Mohave County investigators received a groundbreaking report concluding the John Doe was a descendant of Michigan-based ancestors born in the mid-1800s. The compilation of interviews and reference testing with the siblings confirmed the unidentified remains were Hietamaki, according to law enforcement.

Persons: John Doe, William Herman Hietamaki, Hietamaki, Herman Organizations: CNN, Nevada and, Office, Othram Inc, US Department of Justice, University of New Locations: Hoover, Nevada, Nevada and Arizona, Mohave County, Mohave, Arizona, Texas, Michigan, , Michigan, New Mexico

☆ This election is so divisive, some companies have gone silent even on basic civics
▼ + stars: | 2024-11-03 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +4 min

But in 2024, in an election cycle as divisive as ever, these same companies and many more have been less active in encouraging voting. Despite the nonpartisan nature of get-out-the-vote campaigns, companies may view any appearance of being political as a risk not worth taking. Some brands have found success and acceptance from their consumers with a get-out-the-vote campaign this election season. “No one is saying you’re not allowed to feel passionate about this coming election,” said Shankman. “But understand that not everyone who uses your company or buys your product is going to think the same way you do.

Persons: LeBron James, Naomi Osaka, ”, Armour, “, Absolut, Edelman, That’s, Peter Shankman, ’, “ We’ve, Emily Hikade, it’s, Jen Rubio, you’re, I’d Organizations: CNN, Nike, ” Nike wasn’t, “ NIKE, Inc, BluShark, Corporate America

☆ Adidas is getting back on track after Yeezy woes
▼ + stars: | 2024-10-30 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

Adidas posted strong third-quarter growth. Operating profit jumped to 598 million euros ($646 million) from 409 million euros ($442 million) the year before. AdvertisementBjørn Gulden, who took over as Adidas CEO in 2023, said the Q3 numbers were evidence that Adidas is "moving in the right direction." Adidas stock dipped slightly on Wednesday but is up 20% since the start of the year, valuing the company at almost 40 billion euros ($43 billion). Related storiesOne of the reasons Adidas is finding success in the increasingly competitive athleisure and footwear industry is through the revival of retro styles such as the Adidas Samba, which was coronated the "It Shoe" of 2023.

Persons: Bjørn Gulden, —, Ye, Bjørn, Alexander Hassenstein, Neil Saunders, Gulden, Matthew Quint, Quint Organizations: Adidas, Service, Kanye, Puma, Center, Global Brand Leadership, Columbia Business School, Nike Locations: China

☆ Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list
▼ + stars: | 2024-10-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

In this article KSSNKE Follow your favorite stocks CREATE FREE ACCOUNTAn exterior view of the Kohl's store at the Paxton Town Centre near Harrisburg. 1 active footwear retailer among all four generational cohorts polled for the survey: Gen Z, millennials, Gen X and boomers. 1 department store choice among Gen Z and boomers, while millennials chose Nordstrom and Gen X chose Macy's . "We would see in the data what's important to the Nike consumer. The majority of consumers surveyed, or 66% of respondents, said they'll shop at a different retailer if the product they're looking for isn't in stock.

Persons: Paul Weaver, Emily Elconin, AlixPartners, Z, Gen X, Gen Z, Kohl's, millennials, Nordstrom, Elliott Hill, Sonia Lapinsky, it's Organizations: Nike, Bloomberg, Getty, Adidas, CNBC Locations: Paxton, Harrisburg, Kohl's

The NBA logo is seen outside an NBA store in New York on July 8, 2024. Under the terms of the deal, Nike will be the leagues' global outfitting, merchandising, marketing and content partner until 2037. As the largest athletic apparel company in the world, Nike has long been a favorite among professional sports leagues and their athletes. Despite Nike's recent stumbles, the NBA told CNBC it has no concerns about continuing its partnership with the apparel company. Nike has not faced significant criticism for its basketball uniforms.

Persons: Elliott Hill, Sal LaRocca, They've, LaRocca, you'll, LeBron James, Kevin Durant, Caitlin Clark, Sabrina Ionescu Organizations: NBA, Nike, National Basketball Association, National Football League, Major League Baseball, CNBC, MLB, ESPN, WNBA Locations: New York

☆ Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Zions reported earnings of $1.37 per share on $792 million in revenue, ahead of the earnings of $1.17 per share and $779 million in revenue expected by analysts polled by LSEG. Nucor — The steel production company declined about 3% despite posting adjusted earnings and revenue that topped expectations in the third quarter. Nucor said it expects a decline in GAAP earnings per share for the current period over the prior quarter. In the third quarter, Hexcel reported adjusted earnings of 47 cents per share on revenue of $456.5 million. Alexandria reported third-quarter revenue of $791.6 million and funds from operation of $2.37 per share, as adjusted.

Persons: Zions, Nucor, Hexcel, FactSet, —, Darla Mercado Organizations: Nike, NBA, WNBA, LSEG, SAP, Alexandria Real Locations: Alexandria

At least, that's what I thought before I tried Angelus Sole Bright, a $13 solution that can get rid of oxidation and restore your sneakers to their original glory. Angelus Sole Bright Angelus Sole Bright is a UV-activated solution that removes oxidation and yellowing from sneakers. A side by side comparison of oxidized midsoles on a pair of "Roc-A-Fella" Nike Air Force 1s treated with Angelus Sole Bright. Amir Ismael/Business InsiderAdvertisementThe bottom lineSneaker collectors have been restoring shoes using a similar process for years, but I never thought it was worth doing. Now, you can spend $13 on Angelus Sole Bright, $24 on a UV light, and have it delivered within two days.

Persons: Angelus Sole, You'll, Saran, yellowed midsoles Amir Ismael, Angelus Sole Bright, Jason Markk, Amir Ismael, yellowed Organizations: Business, Nike Air Force Locations: Saran

☆ Cramer's week ahead: Earnings from Boeing, Tesla, IBM and T-Mobile
▼ + stars: | 2024-10-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

With Wall Street rolling into the thick of earnings season, CNBC's Jim Cramer on Friday told investors what market-moving action to keep an eye on next week, including reports from Boeing , Tesla , IBM and T-Mobile . On Tuesday, a slew of big names will report, including General Motors , Danaher , RTX and GE Aerospace . Cramer said the automaker could be a bargain, even as many on Wall Street are pessimistic about its earnings. IBM , Tesla , Lam Research and T-Mobile will report after close. Friday brings earnings from Colgate-Palmolive , and Cramer said he thinks Wall Street will love the stock but that such fondness is "way overdone."

Persons: CNBC's Jim Cramer, Cramer, Clark, Vertiv's, Elon Musk, Lam, Decker Organizations: Boeing, Tesla, IBM, Mobile, SAP, General Motors, GE Aerospace, Texas Instruments, Texas, Lam Research, Southwest Airlines, Honeywell, UPS, Carrier, Colgate, Palmolive Locations: Norfolk Southern

☆ StockX CEO Scott Cutler says Hoka, New Balance and On are some of its fastest growing brands
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStockX CEO Scott Cutler says Hoka, New Balance and On are some of its fastest growing brandsScott Cutler, StockX CEO, joins 'Fast Money' to talk the sneaker market, consumer trends, and more.

Persons: Scott Cutler, Hoka

☆ Cramer approves opening a small position in Nike, but it's 'a risky call'
▼ + stars: | 2024-10-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday gave investors his stamp of approval to buy some shares of Nike , but he warned that such an investment is tricky. "You've got my blessing to put on a small position — only small — because if Nike really can turn itself around, the stock will take off long before the financials do," he said. "You need to get ahead of that, but it's a risky call, so I suggest building your position gradually over time." Nike is also somewhat hostage to the consumer environment in the U.S. and abroad Cramer said. And while he admitted he'd like more definitive proof of a Nike turnaround, Cramer noted that by the time that happens, it may be too late to get in to the stock.

Persons: CNBC's Jim Cramer, You've, Elliott Hill, John Donahoe, Cramer, Donahue Organizations: Nike Locations: U.S

☆ The curious hunt for the company behind Trump watches
▼ + stars: | 2024-10-17 | by ( Steve Contorno | Scott Glover | ) edition.cnn.com time to read: +14 min

Dozens of deals over the years have resulted in products ranging from Trump Vodka and Trump Steaks to giant skyscrapers emblazoned with his surname. “Would make a great Christmas Gift.”In this still photo from a promotional video, former President Donald Trump holds a watch branded with the Trump name. The Trump Watches website is, in fact, peppered with disclaimers. “We specialize in creating anonymous LLCs to shield your personal information from public eyes,” the website for Wyoming LLC Attorney says. Wyoming LLC Attorney can help launch a new LLC within 24 hours, it advertises.

Persons: Wyoming CNN —, Donald Trump, ”, Trump, “, hasn’t, couldn’t, TheBestHoneyOnEarth, Vladimir Dmitriev, Dmitriev, “ We’ve, ” Andrew Pierce, Carol Mendelsohn, Pierce’s, Mark Pierce, Pierce, ” Trump, —, “ You’re, Oisín, Tim Mosso, “ It’s, ” Mosso, Trump’s, Donald J, TheBestWatchesOnEarth, it’s, ” Pierce Organizations: Wyoming CNN, CNN, Trump, TheBestWatchesOnEarth LLC, Republican, LLC, and Drug Administration, FDA, White, Trump Organization, TheBestWatchesOnEarth, Trump Vodka, NFT International, 45footwear, Mar, YouTube, The Trump Organization, Cloud, Law Locations: Sheridan, Wyoming, Montana, Washington, DC, Montenegro, “, Sheridan , Wyoming, Puerto Rico, Manhattan, Cheyenne , Wyoming, Philadelphia, TheBestWatchesonEarth, United States

☆ Tom Brady is set to become the NFL's newest minority owner after league approves Las Vegas Raiders deal
▼ + stars: | 2024-10-15 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Tom Brady has won the NFL's approval to acquire a minority stake in the Las Vegas Raiders. AdvertisementTom Brady — the star quarterback and seven-time Super Bowl champion — has been approved to acquire a 5% stake in the Las Vegas Raiders, a source close to Brady and an NFL source have confirmed to Business Insider. Brady was first reported to be eyeing a stake in the franchise in May 2023, soon after he retired from the league. AdvertisementThe purchase will make Brady the owner of two Las Vegas teams. In March, he bought a minority share of the WNBA's Las Vegas Aces.

Persons: Tom Brady, —, Tom Brady —, Brady, Tom Wagner, Richard Seymour, Mark Davis, He's, Leigh Steinberg Organizations: Las Vegas Raiders, NFL, Service, Business, National Football League, Knighthead, CNBC, The Washington Post, Las Vegas, Las Vegas Aces, Aces, Raiders, Steinberg Sports, Entertainment Holdings, Fox Sports, Press Locations: Brady

☆ It's the first day for Nike's new CEO. He has a long road ahead.
▼ + stars: | 2024-10-14 | by ( Alex Bitter | Jordan Hart | ) www.businessinsider.com time to read: +4 min

Nike veteran Elliott Hill started as the new CEO on Monday. Hill, a Nike veteran who retired in 2020, is tasked with getting the sneaker and apparel giant back on track. Related storiesThree decades with Nike — and now, a new chapterHill joined Nike in 1988 as an apparel sales representative intern, according to his LinkedIn profile. AdvertisementIndeed, Hill's long history at Nike is a contrast with his predecessor, John Donahoe, who joined the company as CEO in 2020. He will serve as president and CEO and hold a director position on Nike's board.

Persons: Elliott Hill, Hill, Nike, —, He'll, Louise Deglise, he's, Thomas Roulet, John Donahoe, Donahoe, Matthew Friend Organizations: Nike, Service, Air Force, Air, Favre, GlobalData, Bloomberg, Nike —, University of Cambridge's Judge Business School, eBay

Below, I rounded up the best October Prime Day deals that are still available right now. If you’re curious, the NBC Select team also compiled readers’ favorite Prime Day products and what our editors purchased. SKIP AHEAD Best Prime Day deals still live | More Prime Day sales still live | Best sales at other retailers | Why trust NBC Select? Best Prime Day sales still liveThese Prime Day sales are still going on, but keep in mind that not every item from a brand is discounted as described below. Each deal in this article is currently at its October Prime Day price or up to $10 higher.

Persons: it’s, They’re, ”, Sadhana Daruvuri, “, You’re, Rosalie Sparaco, Nikki Brown, fryer, you’ll, Cory Fernandez, There’s, TikTok Organizations: Deal, NBC, Apple, Alexa, Bath, Amazon Reviewers, Adidas, Wellness, Giftable Tech, Facebook, Twitter Locations: men’s

I frequently cover shopping events like Prime Day, Black Friday and Cyber Monday as a writer for NBC Select, so I know how to find deals that are actually worth buying. SKIP AHEAD Best Prime Day sneaker deals | More Prime Day sneaker sales | Best sneaker sales at other retailers | How I picked the best sneaker deals | Why trust NBC Select? Best Prime Day sneaker deals4.4-star average rating from 9,217 reviews on AmazonThese trail running shoes are great for mixed terrain trails because they provide stability and support on all trails. 4.3-star average rating from 7,135 reviews on AmazonNew Balance makes some of our favorite women’s walking shoes, including this pair. Best Prime Day sneaker salesHere are the best Prime Day sneaker sales to know about.

Persons: sneaker, I’ll, Salomon, There’s, TikTok Organizations: NBC, Big Deal, Adidas, Amazon Reviewers, Amazon, Nike, Skechers, Deal, Facebook, Twitter Locations: men’s

With just weeks left before the November election, former President Donald Trump has taken to promoting items and businesses that are not at all connected to his presidential campaign. “You’re going to love them,” Trump wrote on his Truth Social platform last week of his new line of branded watches, which cost anywhere from $499 to $100,000. “Would make a great Christmas gift.”While running for president this cycle, Trump has also promoted a sneaker brand, boots and even Bibles — all of which are business and not campaign ventures. Do I think that a single Trump voter in America is not voting for him because of any of this? Selling watches in Manhattan.”“He wants to do everything and anything and throw everything against the wall,” the Trump ally said.

Persons: Donald Trump, “ You’re, ” Trump, They’re, “, Trump, Jared Polis, “ He’s, ”, “ I’m, ” Rep, Byron Donalds, “ Donald Trump, “ It’s, Kamala Harris, Melania, Harris, ” Long, —, Sen, Marco Rubio, Rubio, he’d, it’s, ‘ Organizations: Democratic, NBC News, Trump, ”, Make, Liberty Financial, Trump University — Locations: Colorado, America, ”, Philadelphia, Manhattan

☆ Entrepreneurs who bring in millions flipping clothes and sneakers explain how they find profitable products, including 'home run items'
▼ + stars: | 2024-10-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

As for home run items, don't expect to find them daily but, 'they are out there.' AdvertisementBuying and reselling items can be an effective way to bring in extra cash — and can even be your ticket to financial independence. Richard S., who prefers not to share his last name for privacy reasons, started reselling items from his closet on eBay after losing his job in 2008. I didn't sell the Nike SB until maybe six months ago because I didn't understand what a Nike SB really was. In the reselling business, "it doesn't matter what I think is cool," said Richard.

Persons: —, Val Zapata, Richard S, that's, Zapata, Richard, Ralph Lauren, I'm, Gucci, Louis Vuitton, she's, he's Organizations: Service, eBay, Business, Nike, Louis, GAP, Adidas Locations: Coral Springs , Florida, Boston

☆ Cramer says companies must roll back prices: 'It may be time for a giant reset'
▼ + stars: | 2024-10-02 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday opined on pervasive inflation, saying companies must bring down prices if they want to attract consumers in the current economic landscape. "Companies are so reluctant to take prices down because they don't want to hurt their treasured gross margins," he said. He also attributed some of the issues at Nike to inflation, saying they're "emblematic of how higher prices are changing the face of business." While consumers protest higher prices, Cramer said they — and Wall Street — are responding well to companies that offer bargains or have reduced prices. He added that companies that roll back prices can offset the costs with volume.

Persons: CNBC's Jim Cramer, Cramer Organizations: Nike, Costco, Walmart

☆ What screams 'status' on Wall Street? Here's how the movers and shakers of finance are spending their money.
▼ + stars: | 2024-10-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

That said, everyone seemed to agree that the days of logo-forward purchases and other conspicuous signs of wealth are over — even on Wall Street. The industry's movers and shakers are still into name brands but are leaning into those that exude "quiet luxury." And where there are celebrities and influencers, there tend to be Wall Street dealmakers. It's not surprising that high-earners on Wall Street would have second homes (or, in many cases, multiple). The HamptonsThe beach towns of the Hamptons have long been a Wall Street favorite thanks to their proximity to Manhattan.

Persons: —, Ken Griffin, David Solomon, Goldman Sachs, Stephen Schwartzman, Blackstone, Jessica Cadmus, Cadmus, Marie Kondo —, I've, I'd, Zegna, Tom Ford, Claudio Lavenia, Van, Cartier, Jeremy Moeller, Hermes, Gucci, Jeremy Strong, Armani, Max Mara, Celine, Bottega, It's, it's, Sean Zanni, Wall Streeters Organizations: Service, Goldman, JPMorgan, Business, Paris Olympics, Bloomberg, Citadel, Anadolu, Getty, Wall Street, Street, BI, Wall, HBO, Hamptons Locations: Queens, New York, New York City, Africa, Costa Rica, Bottega Veneta, Manhattan, Montauk, Nantucket, Cape Cod, East Hampton , NY, Hudson

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