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So when the Rag & Bone sweatpant jeans started blowing up, we were immediately influenced to see for ourselves if they lived up to their promise. Sally Kaplan/Gabrielle Chase/Business InsiderThe wide-leg sweatpant jeans are slightly baggy with a high-rise waist and 31.5-inch inseam. Gabrielle Chase/Business InsiderThe Rag & Bone sweatpant jeans are truly as soft as sweats, and I understand the comparison with jeggings. AdvertisementIf you're as passionate about comfort as we are, the Rag & Bone sweatpant jeans are worth it. Once you've tried them, you'll likely have a tough time ever putting on real jeans again.

Persons: French terry, Cotton Pant, Sally, Gabrielle, Sally Kaplan, Gabrielle Chase, Lennox, Bone, I'd, terry, jean, I've, Sally hems, you've, you'll Organizations: Business Locations: French, Miramar

☆ Billionaire Ronald Lauder threatens to stop Penn donations unless the school takes a stronger stance against antisemitism
▼ + stars: | 2023-10-17 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Billionaire Ronald Lauder wrote a letter threatening to stop donations to the University of Pennsylvania. AdvertisementAdvertisementRonald Lauder, the billionaire Estée Lauder heir, wrote a searing letter to the University of Pennsylvania's president threatening to stop donations to the school if it doesn't take a stronger stance against antisemitism. "Those invited to the event had a history of not just strong anti-Israel bias, but outright antisemitism," he wrote. "The University did not, and emphatically does not, endorse these speakers or their views," Magill wrote in an email to the Penn community on Sunday. Lauder, who is worth $4.5 billion, per Forbes, has donated millions of dollars to Penn, as has his brother, Leonard.

Persons: Ronald Lauder, Lauder, —, Estée Lauder, Penn, Elizabeth Magill, Marc Rowan, Dick Wolf, Huntsman, David Magerman, Rowan, Magill, Steve Fluharty, Fluharty, Leonard, Batia Ofer, Israel's, Les Organizations: University of Pennsylvania, Service, University of, Apollo Global Management, Penn, Wolf Humanities Center, Ivy League, The Daily, Penn's Department of Arts and Science, University, Forbes, Institute, Wharton School, Penn Law, The Lauder Institute, Republican, Jewish, Harvard, Harvard's Kennedy School, University of Pennsylvania's Locations: Israel, Palestine, Penn, Cambridge

☆ Fitch downgrades US credit rating citing 'steady deterioration' of US governance amid frequent debt ceiling battles
▼ + stars: | 2023-08-01 | by ( Brent D. Griffiths | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Fitch downgraded the US's credit rating on Tuesday, citing "steady deterioration in standards of governance." The downgrade comes two months after the latest debt ceiling battle and brinkmanship. Fitch's move echoes what S&P did in 2011 when that major rating agency downgraded US credit in the wake of a different debt ceiling fight. However, Fitch's assessment comes after the lastest deal — which guarantees some debt ceiling relief through the next presidential election — was brokered. "They've repeatedly put the full faith and credit of our nation on the line, and now, they are responsible for the second downgrade in our credit rating," they wrote.

Persons: Fitch, Joe, Janet Yellen, acquiescing, Biden, —, They've Organizations: Democrats, Service, Tuesday, White, Social Security, AAA, Fitch, Republicans, GOP, Lawmakers Locations: Wall, Silicon

☆ No one wants Subway
▼ + stars: | 2023-07-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

The move comes as Subway has seen its store count decline by the hundreds over the years. In late January, Buck's foundation, where his two sons work, revealed that the late co-founder had left the charity his 50% stake in Subway . Subway has spent the past few years trimming corporate staff and closing stores under CEO John Chidsey. Despite previous years of slumping sales and store closures, Subway has recently gained some momentum. Are you a Subway insider or franchisee with insight to share?

Persons: Trevor Haynes, Haynes, Peter Buck, John Chidsey, Subway's Organizations: Subway, NY Post, Service, nab, New York Post, Bloomberg, Post Locations: Wall, Silicon, Buck's, Subway

☆ Fewer Americans are taking time off for vacation this summer, and it might be due to inflation
▼ + stars: | 2023-07-07 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +3 min

Fewer workers are taking time off for vacation or personal days, compared to last year. The following chart shows that the post-pandemic recovery in the number of workers taking vacation in June has stalled, with a slight drop from June 2022 to June 2023. To be sure, airline ticket inflation isn't as bad as it was last year. Even so, airline ticket inflation came in at 30.2% for all of 2022. When it comes to why fewer Americans are taking time off for vacation this summer, Acting Secretary of Labor Julie Su told Insider that it's "an important question."

Persons: Julia Pollak, —, who's, Bianca Giacobone, Hopper, Labor Julie Su, Su, Dan Latu, Ric Kenworthy, Latu, They're Organizations: Labor Statistics, Service, lastest Bureau of Labor Statistics, Labor Locations: lastest, Europe, Asia, Phoenix

☆ Subway is giving away 1 million subs to mark the debut of their automated deli slicers in 20,000 stores
▼ + stars: | 2023-07-05 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

The privately-held company, which is up for sale, has added meat slicers to 20,000 stores. The chain is giving away 1 million subs to mark the debut of new heftier, deli-sliced subs. The company invested $80 million, equipping 20,000 restaurants with meat slicers over nine months. Before introducing slicers, Subway has rolled out artisan loaves of bread, upgraded soups, new meats, and dressings since 2021. Subway invested $80 million installing meat slicers in 20,000 stores.

Persons: —, Trevor Haynes, Haynes, Paul Fabre, John Chidsey, Subway's Organizations: Subway, Service, Bloomberg Locations: Miami, North America, Jersey, Turkey

☆ Taco Bell is fighting to cancel a rival's trademark on the phrase 'Taco Tuesday,' saying nobody should have 'exclusive rights'
▼ + stars: | 2023-05-16 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Taco Bell is challenging trademarks on the phrase "Taco Tuesday" in a PR blitz. "Nobody should have should have exclusive rights in a common phrase," one of Taco Bell's petitions reads. Taco John's controls a trademark for "Taco Tuesday" in 49 states, according to Nation's Restaurant News. Taco John's website on Tuesday after it released its response to Taco Bell's petitions. "Taco John's, despite all of its claims to the contrary, did not invent Taco Tuesday — nowhere even close to inventing Taco Tuesday," Arellano told Marketplace.

☆ Melania Trump says she stands behind her husband's 2024 presidential bid and believes he can lead the country 'with love and strength'
▼ + stars: | 2023-05-09 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Melania Trump on Tuesday said she stood behind her husband's 2024 presidential campaign. The ex-first lady told Fox News Digital that former President Trump had her "support" in his race. Melania Trump said that if her husband were to win she would again focus on children's issues. "He has my support, and we look forward to restoring hope for the future and leading America with love and strength." The former first lady attended her husband's 2024 campaign launch last November, but by and large has not been a significant presence on the trail thus far.

☆ Mark Zuckerberg grilled by angry employees who asked why executives received large bonuses during a year of layoffs and business turmoil
▼ + stars: | 2023-04-24 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

He was grilled on pay for execs who received huge bonuses amid relatively poor business performance. Mark Zuckerberg last week took questions from angry employees who asked why executives at Meta seem to face no meaningful consequences for the decisions they've made which have led to thousands of layoffs, and counting. Zuckerberg also argued that Meta's performance overall negatively impacted the executives, meaning a reduction to their bonus was "baked in." According to Meta's proxy statement for 2022, each member of the C-suite received a bonus based on an individual performance multiplier. While an 85% multiplier would have shown they met expectations, all of the executives received a multiplier of either 125% or 165%, showing they are considered to have far exceeded what was expected of them.

"I was previously considered wealthy in the area," said Liu, who also owns some commercial property in the northeastern city of Liaoyuan. In play now in China, where around 70% of household wealth is in property, this phenomenon is weighing on the post-pandemic recovery of household consumption, which Chinese policymakers have vowed to make a more prominent driver of economic growth. Capital Economics estimates net household wealth declined 4.3% overall last year, due to falling house and stock prices, the first decline since at least 2001. Indeed, deposits rose a further 9.9 trillion yuan in the first quarter of this year. ($1 = 6.8376 Chinese yuan renminbi)Additional reporting by Shuyan Wang; Editing by Marius Zaharia and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: Carta's fired CTO accuses CEO Henry Ward of deceiving regulators, abusing employees, and misappropriating funds
▼ + stars: | 2023-03-16 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +5 min

In a new legal filing Carta's former CTO accuses the company's CEO of a litany of misdeeds. New details have emerged in the ongoing lawsuit between $7 billion startup Carta and its former CTO Jerry Talton. Four days after submitting that letter, Talton was placed on administrative leave. On December 23, 2022, two months after sending his letter, Talton was fired and stripped of $10 million of unexercised stock options, according to Wednesday's filing. The legal filing claims that the company "invaded Talton's privacy and inserted these salacious elements in the complaint simply to malign him."

☆ China might have sent a spy balloon over the US as a power play to prove it can do what it wants, experts say
▼ + stars: | 2023-02-03 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

A Chinese spy balloon was detected over the US, the Department of Defense said. Experts say spy balloons can do things satellites can't, and China may have wanted to get caught. The balloon, the Pentagon said, was "most certainly" sent by China to spy on the US. What is the Chinese spy balloon? A spy balloon is a balloon with any kind of surveillance equipment is attached.

☆ Russia rains missiles on Ukraine, causes new power outages
▼ + stars: | 2022-12-16 | by ( Tom Balmforth | ) www.reuters.com time to read: +2 min

KYIV, Dec 16 (Reuters) - Russia pounded Ukraine with missiles on Friday, hitting critical infrastructure across the country and knocking out power as people took cover in shelters, Ukrainian officials said. Kharkiv, the central city of Poltava and parts of Kyiv were left without electricity and the northern Sumy region suffered power outages, regional officials said. Loud explosions echoed through Kyiv, Reuters witnesses in the capital said, and air defences systems were in operation across Ukraine. Russia was "massively attacking" Ukraine," said Oleksiy Kuleba, governor of the Kyiv region. Russia, which invaded Ukraine in February, has been attacking Ukrainian energy infrastructure since October, causing repeated power outages across the country at the start of winter.

☆ Starbucks and Amazon's PR nightmare is coming true as one of their combined stores pushes to unionize
▼ + stars: | 2022-12-14 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +6 min

About 30 Starbucks employees at the New York store will participate in the vote, Bloomberg reported. One of the Starbucks Amazon Go stores is considering unionizing this week. Roughly 30 Starbucks employees at the Times Square location will decide on December 15 whether to join Starbucks Workers United. The workers were protesting "short staffing and the company's failure to bargain with union stores," Starbucks Workers United said in a press release. A Starbucks Amazon Go cafe StarbucksBoth Amazon and Starbucks have cultivated reputations as progressive employers and pushed back against unionsBoth companies have painted themselves as forward-thinking on worker treatment and benefits.

☆ President Xi says China wants to buy more oil from Saudi Arabia – and that could eat away at the dollar, a think tank strategist says
▼ + stars: | 2022-12-09 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

China is willing to import more oil from Saudi Arabia, President Xi Jinping said Friday. That could spur "de-dollarization", if Saudi Arabia agrees to accept yuan payments. He also agreed to step up coordination with Saudi Arabia on energy policy in his meeting with Crown Prince Mohammed bin Salman. "The Saudis have a lot to buy from China and China has a lot to buy from Saudi Arabia," Luft said. The western sanctions against Russia have led to a cooldown in the relationship between the US and both China and Saudi Arabia.

☆ Russia's story on the mysterious explosions that rocked bases housing strategic bombers acknowledges a glaring weakness
▼ + stars: | 2022-12-05 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

On Monday, Russia blamed Ukraine for explosions at two air bases home to strategic bombers. The attacks were carried out with "Soviet-era" drones, per Russia's Ministry of Defense. If true, that is a "baffling" admission, military expert Samuel Bendett told Insider. "Baffling," Samuel Bendett, a military expert with the Center for Naval Analysis, a Washington think tank, said in an interview. Neither Ukraine nor Russia claimed it was theirs, but the incident showed the craft is still being used today.

☆ Leaked emails reveal what Revolve is paying influencers in its December ambassador contest — and some creators aren't impressed
▼ + stars: | 2022-12-02 | by ( Amanda Perelli | Marta Biino | ) www.businessinsider.com time to read: +5 min

Online fashion retailer Revolve has established a large customer base by leveraging influencers. Leaked emails that were shared with Insider reveal the requirements and payment for its December contest. Online fashion retailer Revolve has grown its customer base by leveraging influencers through seasonal contests centered on product sales. But some influencers say Revolve's ambassador program and "product gifting" strategy are out of touch with typical payments. "I honestly am so fed up," this person said, noting another frustration with Revolve: that it requires influencers to buy their products without guaranteeing payment.

Highlights include up to $300 off the 2021 iPad Pro, $30 off the 2021 iPad, and $50 off the latest iPad Air. Great Price Apple iPad 9th-gen (2021) Apple's 9th-gen 10.2-inch iPad is still the best option for people who "just want an iPad." Deal Apple 11-inch iPad Pro M1 (3rd-gen, 2021) The 2021 iPad Pro running on the M1 processor for $150 off is a worthy option while Apple's latest 2022 iPad Pro running on the M2 processor is still $799. Deal Apple iPad Pro 12.9-inch (6th generation, 2022) A humble 7% deal is rare for such a new Apple device. Apple's current lineup of iPads includes the 2022 iPad Pro, 2022 iPad, 2022 iPad Air, and the 2021 iPad Mini.

☆ As the FTX fallout spreads, smaller cryptocurrencies may have to stop be taken off exchanges to protect consumers, Crypto.com CEO says
▼ + stars: | 2022-11-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The CEO of Crypto.com said exchanges may have to delist smaller cryptocurrencies to protect users as FTX-related volatility spreads. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. One consequence of the fallout has been reducing the liquidity in the broader market, and various exchanges are going to have adjust accordingly. "The business generated over a billion dollars last year, and almost generated a billion dollars in revenue this year. Marszalek cautioned that the broader sector could face trouble as confidence erodes in the wake of the lastest crypto chaos.

☆ Satellite phones, a safe house in the mountains, and cash reserves: How one Ukrainian tech company's extensive war-prep plan enabled it to grow amid the Russian invasion and even aid the fight
▼ + stars: | 2022-08-31 | by ( Sage Lazzaro | ) www.businessinsider.com time to read: +5 min

Petruk said his prep enabled the company to continue growing amid the war and even aid the fight. Anticipating the invasion, Petruk had spent several months stocking resources and readying backup communication systems for his team. He also recommended employees start working from the western part of Ukraine, where the company stocked food and reserved cash. Some members of the WeSoftYou team pose with their new Starlink internet-service equipment. Some Ukrainian companies lost all their clients upon the invasion, Petruk said.

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