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"I just thought [Too Good To Go] was the most genius app, and I loved the concept," she says. "[Food waste] a massive, massive issue, and it's important that we solve it fast," Lykke says. Conviction to stay the courseToo Good To Go, which has nearly $158 million in investment funding, isn't the only for-profit company trying reduce food waste. Some app users like Niles, the dumpster diver in Brooklyn, worry that Too Good To Go "greenwashes" the issue of food waste, giving users false impressions of environmental responsibility. But if every food retailer in the U.S. used a similar markdown mechanism, they'd save one million tons of food annually, according to calculations by Chicago-based nonprofit ReFED.

Persons: David Niles, Niles, He's, Mette Lykke, it's, Thomas Bjørn, Stian Olesen, Klaus Bagge Pedersen, Brian Christensen, Adam Sigbrand, Lykke, Armour, Susan Prunty, Dana Gunders, That's, ReFED Organizations: CNBC, Bank, Venture Locations: Brooklyn , New York, U.S, Copenhagen, Europe, North America, Australia, United States, Medford , Oregon, Brooklyn, Chicago

☆ 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

☆ I've worked at Costco for over 19 years. Here are my 7 best tips for shopping there.
▼ + stars: | 2024-11-01 | by ( Veronica Thatcher | ) www.businessinsider.com time to read: +5 min

I've worked at Costco for 19 years, so I have a few key tips for shopping at the warehouse. If you shop at Costco a lot, get the executive membership and pay attention to the prices of items. AdvertisementI've worked at Costco's membership counter for over 19 years. If you shop at Costco a lot, consider getting an executive membershipCostco's executive membership can save you money in the long run. Employees at Costco's membership counter can also check if any surrounding warehouses will continue to restock that item.

Persons: I've, —, they're, Veronica Thatcher, it's, Veronica Thatcher Kirkland, Kirkland, Thatcher Costco Organizations: Costco, Service, Kirkland

☆ Exclusive: Maven Clinic is swapping out its finance chiefs as the women's health unicorn looks ahead to an IPO
▼ + stars: | 2024-10-24 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Maven's chief financial officer has left the women's health unicorn one year after taking the role. AdvertisementMaven Clinic is swapping out its chief financial officers on the heels of a fresh funding round as the women's health startup inches closer to an IPO. Related storiesAs the highest-valued women's health startup, Maven is expected to be a candidate for the next wave of digital health IPOs. The startup's hopeful future exit would be a boon for the women's health market, which remains a small fraction of all healthcare funding. Wrapbook raised a $20 million funding round in September at a valuation of $750 million.

Persons: Maven, —, Kristina Campbell, isn't, Campbell didn't, haven't, Campbell, Wrapbook Organizations: Service, StepStone Group, Business, Sequoia Capital, Catalyst, Lux Capital, Oak HC, SEC

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. Yet, in his remarks, Kors described how even legacy brands like his own can struggle and lose shoppers’ interest. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. In its most-recent fiscal quarter that ended in late June, Michael Kors’ revenue dropped 14.2% on a reported basis or 13.3% on a constant currency basis compared to the year-ago period. Gennette, who retired early this year, said the department store’s sales got hit because it leaned too heavily on Michael Kors’ brand.

Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, you’ll, we’ve, ”, Jeff Gennette, Michael Kors ’ Organizations: Federal Trade Commission, FTC, Tapestry Locations: Manhattan, Capri

☆ 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

☆ I've visited Costco every week for 2 years. Here's what I've learned that's helped me save hundreds of dollars.
▼ + stars: | 2024-08-12 | by ( Kristen Markel | ) www.businessinsider.com time to read: +4 min

These regular visits have given me a unique perspective on the store's operations: I've learned valuable tips that many Costco members might not know, which has helped me save hundreds of dollars. During my many trips, I've learned to look at tags for markdowns — especially in the home goods and electronics sections. Related storiesMembers can sign up to get emails about daily updates on discounts, but the monthly sales emails highlight the best deals. In my opinion, the best sales are in the emails with the month in the subject line, as they provide monthly deals. Mondays are often the best day to shop for dealsMost Costco sales end on Sundays, making Mondays the best day to shop for deals.

Persons: —, I've, markdowns, Kristen Markel, Kristen Markel I've, I'm Organizations: Service, Costco, Business, Shoppers

☆ Buying the dip on a cheap stock? Don't do it 'just because the price has gone down,' says investing chief
▼ + stars: | 2024-07-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

"Buying because the stock price has gone down without knowing some of the underlying issues or without understanding some of the underlying activities, could be problematic," says Clark Bellin, president and chief investment officer at Bellwether Wealth. After all, a stock could take major losses and then soar to new heights à la Apple. But what about that same markdown in the price of that company's stock? You'll just have to figure some things out before you buy, says Sam Stovall, chief investment strategist at CFRA. Rather than scrambling to do research, he says, keep a watchlist of stocks you'd be interested in buying at the right price.

Persons: Clark Bellin, Sam Stovall, Bellin, Charles Rotblut, Stovall, It's, Raife Giovinazzo, Giovinazzo Organizations: Blockbuster, Nike, American Association of, Fuller, Thaler Asset Management, Nasdaq, Yahoo Finance, CNBC

Robert Smith, founder, chair and CEO of Vista Equity Partners, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. With this debt, Vista could generate strong returns if Pluralsight's business performed well, according to the sources. They also show that Vista propped up Pluralsight by allowing it to borrow $162.5 million from its private equity fund. "The company experienced rapid deterioration of its business in the first quarter," Vista wrote in a fund document dated May 28. In a May 28 update to fund investors, Vista said Pluralsight's equity value went from $1.5 billion to zero in the first quarter of 2024.

Persons: Robert Smith, Lucy Nicholson, Vista, Pluralsight, Goldman Sachs, Golub, Gustavo Schwed, NYU Stern, It's, Steven Kaplan, Kaplan, Chris Walters, Aaron Skonnard, Walters, Skonnard, KBRA, Milana Vinn, Greg Roumeliotis, Dave Gregorio Organizations: Vista Equity Partners, Milken Institute Global Conference, REUTERS, Vista Equity, Reuters, Cloud, U.S . Securities, Exchange Commission, Vista, NYU, Chicago Booth School, Business, Thomson Locations: Beverly Hills , California, U.S, Vista, BlackRock, Oaktree, Pluralsight, New York

Barclays cut its price target on Tesla. Turrin's $480 price target suggests Microsoft shares, which are up more than 10% this year, could add another 15.8% over the next 12 months. Nardone kept his $150 price target, which implies Crocs shares could gain 24.3% over the next 12 months. Tesla shares, which have lost more than 36% this year, traded 1.3% higher in premarket trading. Redburn Atlantic also cut its price target to $130 from $150, reiterating its sell rating on the stock.

Persons: Raymond James, Wells, Michael Turrin, Turrin, — Pia Singh, Crocs, Christopher Nardone, Terence Reilly, Nardone, Stanley, Ben Chaiken, Chaiken, Jefferies, Corey Tarlowe, Tarlowe, Tesla's, Dan Levy, Levy, Tesla, Pavel Molchanov, Vernova, Molchanov, Fred Imbert Organizations: CNBC, Wednesday's, Barclays, GE, Microsoft, Bank of America Bank of America, Royal, Mizuho Securities Mizuho, Royal Beach Club, Urban, Jefferies, Urban Outfitters, Abercrombie, General Electric, GE Vernova Locations: Wells Fargo, Heydude, Royal Caribbean, Tuesday's

☆ Cities Face Cutbacks as Commercial Real Estate Prices Tumble
▼ + stars: | 2024-03-14 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

In San Francisco, a 20-story office tower that sold for $146 million a decade ago was listed in December for just $80 million. And in Washington, a 12-story building that mixes office and retail space three blocks from the White House that sold for $100 million in 2018 recently went for just $36 million. Such steep discounts have become normal for office space across the United States as the pandemic trends of hybrid and remote work have persisted, hollowing out urban centers that were once bustling with workers. But the losses are hitting more than just commercial real estate investors. Cities are also starting to bear the brunt, as municipal budgets that rely on taxes associated with valuable commercial property are now facing shortfalls and contemplating cutbacks as lower assessments of property values reduce tax bills.

Organizations: House Locations: San Francisco, Chicago, Washington, United States

☆ How a Designer of Upcycled Fashion Spends Her Sundays
▼ + stars: | 2024-01-20 | by ( Kaya Laterman | ) www.nytimes.com time to read: 1 min

For many years, Rebecca Chamberlain designed clothes for famous brands, mostly to make ends meet. During the coronavirus pandemic, she started doing it for herself — by turning old garments into modern, sophisticated pieces. “When I was ghost-designing for mainstream clothing companies, it felt like we were always racing — towards what, a markdown?” said Ms. Chamberlain, 53, adding that she disliked the amount of waste the fashion world created. In 2020, Ms. Chamberlain said, she felt at peace back at the sewing machine as she “frantically” made hundreds of masks for a nearby hospital from her upstate home in Andes, N.Y. While many people found comfort in sweatpants, Chamberlain found herself hunting for old military gear, quilts, jeans and men’s shirts.

Persons: Rebecca Chamberlain, ”, Chamberlain, “ Locations: Andes, N.Y, sweatpants

REUTERS/Brendan McDermid Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - Shares of financial services firm B. Riley (RILY.O) plummeted nearly 35% on Monday, extending losses for the fourth consecutive session, after it disclosed unrealized investment losses and S&P Global Ratings downgraded a key asset. That markdown resulted in B. Riley reporting a net loss of $75.8 million in the third quarter, compared with a profit of $45.8 million a year earlier. "We do not believe that the recent movement in our share price is warranted based on the fundamental strength and performance of our diversified platform," a B. Riley spokesperson said in a statement. B. Riley has also been targeted by a short seller. "Although B Riley attempted to address short seller concerns on their recent earnings call, the information they provided was limited," said Rick Meckler, partner at Cherry Lane Investments.

Persons: Brendan McDermid, Riley, Brian Kahn, Kahn, John Hughes, Bryant Riley, Rick Meckler, Meckler, Chibuike Oguh, Medha Singh, Niket, Deepa Babington, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Reuters Graphics, Group's, Bloomberg, Reuters, Wolfpack Research, Cherry Lane Investments, Thomson Locations: New York City, U.S, Los Angeles, New York

☆ Make these 6 moves now to capitalize on one of the best long-term investing outlooks in over a decade, according to JPMorgan's $2.9 trillion asset management arm
▼ + stars: | 2023-10-19 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Investors shouldn't be scared off by slower economic growth caused by higher-for-longer interest rates and inflation, according to JPMorgan Asset Management (JPMAM). For reference, JPMAM called for forward long-term returns of 4.3% in 2021. The firm added that productivity gains from AI will likely add a tenth of a percentage point to global growth in the next decade. The long-awaited reversal for international stocks won't happen overnight, JPMAM strategists said. The firm is highly optimistic about the asset class after its brutal multi-year selloff and expects 4.6% and 5.1% long-term returns for those groups, respectively.

Persons: it's, JPMAM, David Kelly, Kelly, Monica Issar, Grace Koo, —, they're, Bob Michele, who's, he's, Bonds, REITs Organizations: Asset Management, Federal Reserve, European Central Bank, US, JPMorgan, Management, Fed, JPMorgan Asset Management, Investors Locations: Europe, Australasia, Real

While we've been sharing the very best Prime Day deals throughout the sale, there are some great finds our editors recommend snagging right now. William Antonelli, tech reporterAmazonI'm taking this Prime Day to upgrade some of the old gadgets I've got in my house. I go through many shoes when training for marathons, and Prime Day is when I pick up a new pair or two. Last Prime Day, I purchased the Asics Men's Gel-Nimbus 24 Running Shoes. These Prime Day deals most certainly took a bite out of my wallet, but at a fraction of the price you'd normally pay for these items.

Persons: we've, they've, Lauren Savoie, Sephora, I'm, I've, William Antonelli, James Brains, Jaclyn Turner, who's, Keepa, it's, Lisa Sabatini, It's, I'd, Sarah Saril, Amazon Organizations: Amazon, Logitech, Philips, Machine, Prime

☆ Nike misses on revenue for first time in two years, but stock pops as earnings, margins beat
▼ + stars: | 2023-09-28 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

Nike reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading. Revenue for the quarter was just shy of the $12.98 billion analysts had expected, according to LSEG. For the second quarter, Nike expects revenue growth to be up slightly versus the prior year and gross margins to grow by about 1 percentage point versus the prior year. During the previous quarter ended May 31, Nike saw China sales jump 16% compared to the year-ago period. Analysts had expected sales to be about $660 million, according to StreetAccount.

Persons: Matthew Friend, They're, John Donahoe, he's, Friend, Jefferies, doesn't bode, It's Organizations: Nike, LSEG, Revenue, Investors, Reuters, Asia Pacific, Converse, Sporting Goods, Footlocker Locations: China, North America, Europe, East, Africa, America, Asia

Next week could be a tough one for some companies slated to report earnings. Heading into the new week, however, there are some companies analysts have become more pessimistic on and have cut estimates ahead of their reports. The cosmetics giant is slated to report earnings Aug. 18. Both companies have noted a more cautious consumer due to sticky inflation in past earnings reports. Analysts polled by FactSet forecast adjusted earnings per share of $4.46 for Home Depot and $1.69 for Walmart.

Persons: Estée Lauder, markdown, Lauder YTD Estée Lauder, FactSet Organizations: Walmart, Target, Disney, CNBC, Depot

☆ TJ Maxx's and Marshalls' comparison prices aren't always what they seem
▼ + stars: | 2023-07-17 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Off-price retailers TJ Maxx and Marshalls buy surplus inventory from department stores at discounted rates. Comparison prices convince shoppers that they are getting a good deal. Every product in TJ Maxx, whether it's a t-shirt or candle, has a recognizable tag attached. Paul Morigi/GettyThese comparison prices reinforce shoppers' confidence in their buying decisions, marketing professor Alexander Chernev told the Wall Street Journal in a recent video explaining TJ Maxx's strategy. In 2015 and 2018, two class-action lawsuits accused TJX of misleading customers with its comparison prices.

Persons: TJ Maxx, TJX, TJ, Paul Morigi, Alexander Chernev, It's, I'm Organizations: TJ Maxx, Marshalls, Service, TJX Companies, TJ, Wall Street, ABC Locations: Wall, Silicon, California, Florida

☆ Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over
▼ + stars: | 2023-07-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Ark Invest has marked down its Twitter valuation by 47% since it was taken over by Elon Musk, the Wall Street Journal reported. Musk had recently tweeted that Twitter's advertising revenue has been cut in half since he took over the company. Given Musk purchased Twitter for $44 billion late last year, the markdown would put the company's current valuation at about $23 billion, based on Ark's estimate. "We're still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load," Musk said of Twitter on Twitter. We also think that longer term, Elon and team are very serious that they're going to turn this into an everything app," Wood said.

Persons: Elon Musk, Musk, Cathie Wood, Wood, Elon Organizations: Elon, Wall Street Journal, Service, Wall Street, Invest's Venture, Twitter, Fidelity, Ark, Nvidia, Nasdaq Locations: Wall, Silicon

In one of the best Prime Day deals, the 13-inch version of the 2020 MacBook Air remains available for $749.99 at Amazon — an all-time low price and a $250 discount. We once named the 2020 MacBook Air one of the best laptops you can buy, and it's an unbeatable deal with this significant Prime Day markdown. But this deal will only last a few more hours, as Prime Day exclusives end tonight. Apple still sells the M1 MacBook Air in a new condition alongside the newer MacBook Air models that run on the more powerful M2 chip, which is a testament to the M1 MacBook Air's sustained power as a notebook, nearly three years after its release. At $250 off the laptop's $1,000 list price, an all-time low price point for this model, Amazon's Prime Day deal on the 13-inch M1 MacBook Air is an exceptional value for an older laptop that will provide years of use.

Organizations: Amazon, Intel, Apple

Organizations: Amazon, Intel, Apple

Amazon Prime Day 2023 ends tonight, and there are many deals remaining on Samsung products, including hard drives and memory cards. For more discounts on a variety of other products, check out our best Prime Day deals live blog. Top 3 Samsung hard drive and memory card Prime Day dealsBest Samsung SSD Prime Day dealsDeal icon An icon in the shape of a lightning bolt. $27.99 from Amazon Originally $74.99 Save 63%Best Samsung portable and external hard drive Prime Day dealsDeal icon An icon in the shape of a lightning bolt. $199.99 from Amazon Originally $429.99 Save 53%Best Samsung memory card Prime Day dealsDeal icon An icon in the shape of a lightning bolt.

Persons: It's, we've, it's Organizations: Amazon, Samsung, PlayStation, Price Samsung, PRO, Nintendo

Amazon Prime Day 2023 is entering its final hours, but there are a few deals that are in danger of selling out before the annual shopping event comes to a close. Popular products from well-known brands like Apple and Vitamix hit some of their lowest prices of the year during Prime Day, and Amazon's limited-time lightning deals help drive up demand, causing dozens of products to sell out. We'll continue to provide live coverage of the final Amazon Prime Day deals through midnight PT on July 12. Along with the list of potential sell-out deals below, we've collected the Best Prime Day deals on TVs, headphones, mattresses, and gift cards. Top 5 Prime Day deals in danger of selling outMore Prime Day deals that might sell outDeal icon An icon in the shape of a lightning bolt.

Persons: We've, we've, We'll, Price, AirPods, Anker Organizations: Amazon, Apple, Amazon Prime, Price Apple

In one of the best Prime Day deals, the 13-inch version of the 2020 MacBook Air is available for $749.99 at Amazon — an all-time low price and a $250 discount. We once named the 2020 MacBook Air one of the best laptops you can buy, and it's an unbeatable deal with this significant Prime Day markdown. The battery life on the M1-powered MacBook Air is impressive to this day, offering around 18 hours of total usage — the same battery life offered by the current MacBook Air model that runs on the newer M2 chip. Apple still sells the M1 MacBook Air in a new condition alongside the newer MacBook Air models that run on the more powerful M2 chip, which is a testament to the M1 MacBook Air's sustained power as a notebook, nearly three years after its release. At $250 off the laptop's $1,000 list price, an all-time low price point for this model, Amazon's Prime Day deal on the 13-inch M1 MacBook Air is an exceptional value for an older laptop that will provide years of use.

Organizations: Amazon, Intel, Apple

So what's hot in fintech right now? One area fintech companies are getting excited by is an improvement to online checkout tools. Callan Carvey, global head of operations at Cleo, said the firm's AI connects to a customer's bank account to get a better understanding of their financial behavior. "A job that typically would take around one or two weeks can now be completed in 30 minutes, right. Several fintech executives CNBC interviewed spoke of how they're not interested in launching products tailored to crypto as the demand from their customers isn't there.

Persons: MacKenzie Sigalos, hasn't, they've, Starling, Richard Davies, Davies, Niklas Guske, —, B2C fintechs, David Singleton, Guske, dazzled, Cleo, Callan Carvey, Carvey, Teo Blidarus, Taktile's, Hiroki Takeuchi, Takeuchi, Changpeng Zhao, they're, Jack Zhang, Zhang, Prajit Nanu, cryptocurrencies, Banks, Nanu Organizations: Bank, fintechs, CNBC, Business, Allica Bank, B2B, Tiger, Schroders Capital, Atom Bank, Schroders, U.S . Securities, Exchange Commission, SEC, U.S, cryptocurrencies Locations: Amsterdam, MacKenzie Sigalos AMSTERDAM, Netherlands, British, Atomico, U.S

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