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☆ 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

☆ Basketball is having a moment, and that's good news for Nike
▼ + stars: | 2024-11-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

Nike recently signed a 12-year deal with the NBA, WNBA, and NBA G League. AdvertisementNike is deepening its partnerships with the NBA and WNBA as basketball explodes in popularity in 2024. That's good news for the company as it tries to get back to its sports roots and reinvigorate sales — and as women's basketball becomes increasingly popular. The sportswear giant announced in October that it signed a 12-year agreement with the NBA, WNBA, and NBA G League to be the exclusive uniform and apparel provider for each league. While Nike started as a running brand, its business has historically been linked with basketball after a 1984 collaboration with Michael Jordan.

Persons: Rachel Wolff, —, John Donahoe, Elliott Hill, Michael Jordan, Jordan Brand, Hill, Sue Bird, Kevin Durant, Jayson Tatum, Nike execs, Adam Silver, Nike It's, Goldman Sachs, Nike's, Caitlin Clark, Simeon Siegel, Siegel, Nike, execs, EMARKETER's Wolff, Wolff Organizations: Nike, NBA, WNBA, NBA G League, Service, Paris Olympics, NCAA, Nielsen, ESPN, G League, Adidas, Bloomberg, Business, Street, BMO Capital Markets, BI, BMO Locations: California, Portland , Oregon, Toronto, EMARKETER

☆ 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

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Ferrari, Amazon, Instacart, Spotify & more
▼ + stars: | 2024-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said the stock is best positioned ahead of earnings later this month. JPMorgan upgrades Yum China to overweight from neutral JPMorgan upgraded the China operator of brands like KFC following earnings. Wedbush reiterates Tesla as outperform The firm said the EV maker is a big winner of a Trump presidency. Deutsche Bank reiterates Spotify as buy Deutsche said it's bullish heading into the streaming company's earnings report on November 12. JPMorgan downgrades Super Micro to underweight from neutral JPMorgan downgraded the stock following earnings citing too much regulatory uncertainty.

Persons: Bernstein, Apple, Goldman Sachs, Goldman, YUMC, Wedbush, Tesla, Trump, Jefferies, Raymond James, it's, Wells, BURL, Oppenheimer, TD Cowen downgrades Brown, Forman, Cowen, Needham, revs, Ferrari, it's bullish, Mizuho, Monness Crespi Hardt, Snowflake Organizations: Nvidia, JPMorgan, KFC, Trump, Ryman Hospitality, Citi, GE Healthcare, General Electric, Barclays, Tencent, Entertainment, Deutsche Bank, Spotify, Deutsche, Nike, Burlington, GAP, Super Micro, Services, UBS, Ferrari, Data Center, 2027E, Bank of America, of America Locations: China, 2Q24, Snowflake

☆ CNBC Daily Open: U.S. elections in spotlight as polls open
▼ + stars: | 2024-11-05 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

People vote at the San Francisco City Hall voting center on the final day of early voting ahead of Election Day, on November 4, 2024 in San Francisco, California. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. markets mostly gain after electionsHistorically, stocks have mostly risen after a presidential election, though there can be some short-term volatility. The three major U.S. benchmarks on average have almost always clocked gains between Election Day and year-end, going back to 1980, according to CNBC data.

Persons: Stocks, Tesla Organizations: San Francisco City Hall, CNBC, Dow Jones, Nasdaq, China's CSI, Apple, Starbucks, Nike, Adidas, U.S, Conference Board Locations: San Francisco , California, U.S, Asia, Pacific, China, Poor China

Tingshu Wang | ReutersFrom Apple to Starbucks , U.S. consumer brands are reporting yet another quarter of China sales declines. Apple last week reported Greater China sales fell slightly to $15.03 billion in the three months ended Sept. 28, down from $15.08 billion in the year-ago period. The quarterly sales decline reduced Apple's China revenue share to 15.8% of total net sales, down from 16.9% in the year-ago period. Low consumer confidenceU.S. sportswear giant Nike said that Greater China revenue for the quarter ended Aug. 31 fell by 4% year-on-year to $1.67 billion. In Europe, luxury giant LVMH also felt the drag from the China market.

Persons: Tingshu Wang, Tim Cook, Apple, Brian Niccol, Niccol, Matthew Friend, Jean, Jacques Guiony, Isaac Stone Fish, Cummins, Walt, Fish Organizations: Reuters, Apple, U.S, Starbucks, Nike, Carrier, Coca Cola, RTX Corporation, Honeywell, Walt Disney, Caterpillar Locations: Chengdu, Sichuan province, China, U.S, what's, Hong Kong, Macao, Taiwan, Greater China, Europe, Asia, Japan, COVID, Japan Asia

☆ 3 reasons why Warren Buffett is shunning stocks — including his own
▼ + stars: | 2024-11-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Warren Buffett isn't hot on stocks right now, and the 94-year-old CEO's latest moves reflect that. The cash hoard has grown as Berkshire pared down stakes in key holdings such as Apple and Bank of America . It's also raked in more than $10 billion from steadily selling Bank of America shares since the summer. Berkshire Class A stock trades at 22.6 time earnings. Lastly, Colas noted that Buffett may have "have identified one or more large acquisitions and is raising capital for those purchases."

Persons: Warren Buffett, Berkshire Hathaway, Goldman Sachs, It's, Buffett, didn't, Nicholas Colas, Colas, Greg Abel, hasn't, Morgan Stanley Organizations: Berkshire, Nike, Disney, Apple, Bank of America, of America, DataTrek, Oracle, Berkshire Class Locations: Berkshire, Omaha

☆ 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

☆ Nvidia to replace Intel in Dow Jones Industrial Average
▼ + stars: | 2024-11-02 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Sherwin-Williams Company (SHW) will also replace Dow Inc. (DOW) in the index. The Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Now, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.

Persons: Dow, —, Sherwin, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives, JPMorgan Chase, Johnson, Goldman Sachs Organizations: Nvidia, Intel, Dow Jones, Service, Williams Company, Dow Inc, DOW, Walt Disney Co, Amazon Web Services, Corporate Finance Institute, Microsoft, Walmart, JPMorgan, UnitedHealth, Procter, Gamble Company, Cola Company, Chevron Corporation, Merck, Co, Cisco Systems, McDonald's Corporation, Business Machines Corporation, IBM, American Express Company, Caterpillar, Verizon Communications, Walt Disney Company, Goldman, Honeywell International, Nike, Boeing Company, Intel Corporation, 3M Company, Travelers Companies, Dow Locations: Amazon, Silicon Valley, Susquehanna

☆ Wealth manager for the super-rich names 3 stocks to buy before the year-end
▼ + stars: | 2024-11-01 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Equity markets rallied this year, as investors remained bullish on Big Tech but also scooped up shares in under-the-radar companies. Year-to-date, shares in Exxon have gained 16.7%, while the stock of Barrick and Microsoft have gained around 10.8% and 15% respectively. Microsoft Teng remains bullish on Microsoft, despite Wrise making a "partial switch" and reducing its weight in the tech giant while increasing allocations to Nvidia in early August. Microsoft and and Nvidia are among the so-called Magnificent Seven stocks, which also include Alphabet , Amazon , Apple , Meta Platforms and Tesla . Nike Athletic footwear and apparel label Nike is another stock that Teng likes, despite bearish sentiments in Wall Street.

Persons: Kevin Teng, —, Barrick, Barrick Gold Teng, Microsoft Teng, Teng, OpenAI, AlixPartners, Walt Disney, Mickey Mouse Organizations: Big Tech, CNBC Pro, Wrise Private Singapore, Microsoft, behemoth Exxon Mobil, Barrick Gold, Exxon, Barrick, Exxon Mobil, Nvidia, Apple, Tesla, Nike Athletic, Nike, Disney, Marvel Studios, Disney Plus, 4Q, Pixar Animation Studios Locations: Asia, East, Europe, Wall Street

☆ Why fast-food chains and big brands love loyalty programs
▼ + stars: | 2024-11-01 | by ( Nora Redmond | ) www.businessinsider.com time to read: +6 min

Fast-food chains and retailers are using loyalty programs to drive sales amid inflation challenges. AdvertisementRetailers and fast-food chains are leaning into loyalty programs to drive sales. Starbucks' loyalty program is also growing. AdvertisementThe power lies in the perksHowever, a good loyalty program should be about more than just the points. Advertisement"In a marketplace where choices are endless, a strong loyalty program doesn't just retain customers, it also builds a relationship that feels personal and valuable," she said.

Persons: —, McDonald's, Chris Kempczinski, Kempczinski, It's, Laxman Narasimhan, Paschal, Lindsey Wasson, Burger, Kevin Shahnazari, Zsuzsa Kecsmar, Zarina Stanford, doesn't, Kecsmar Organizations: Service, Global, Starbucks, Costco, AP, KFC, Burger King, Nike Locations: Colorado

A bus was set on fire, shops were looted and fireworks thrown at police in scenes of lawlessness and "absolute chaos" in downtown LA following the Dodgers' historic World Series win over the New York Yankees on Wednesday night. A person loots items from a ransacked Nike store in Los Angeles after the Dodgers World Series win on Thursday morning. Fans celebrate the Dodgers win on the streets in Los Angeles on Wednesday night. The Los Angeles County Metropolitan Transportation Authority said in a statement: "Metro is disappointed and angered by the senseless act of vandalism on one of our buses following the Dodgers World Series Win earlier this evening. The Dodgers beat the New York Yankees 7-6 in Game 5 on Wednesday to win the World Series four games to one.

Persons: Ethan Swope, Taylor Rosa, It's, Rosa, Damian Dovarganes Organizations: Dodgers, New York Yankees, Broadway, LAPD, Nike, Police, MTA, Echo, Dodger, LA, NBC News, Los Angeles County Metropolitan Transportation Authority Locations: LA, Los Angeles, Los Angeles County

☆ Republican and Democrat stock baskets from UBS heading into the election
▼ + stars: | 2024-10-31 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

With polling forecasting a close race in the U.S. presidential election , UBS is eyeing two baskets of stocks to prepare for either outcome. Overall, UBS said stocks within its Trump administration beneficiaries basket indicate a win for the former president next week. Here is a look at some of the stocks UBS has placed in each grouping. Also, a Trump administration could roll back some actions that were favorable to utilities with exposure to renewables. Other sectors that can benefit from a Harris win include homebuilding as well as child care and employment agencies, Garthwaite added.

Persons: Andrew Garthwaite, Donald Trump, Kamala Harris, Garthwaite, Harris, Goldman Sachs, David Solomon, Trump Organizations: U.S, UBS, Institute of International Finance, Trump, Citigroup, Goldman, Citi, Nike, Democratic Locations: U.S, China, Goldman Sachs, Beijing

☆ 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

☆ Running isn't just about fitness — these 8 products are shaping the new look of run clubs
▼ + stars: | 2024-10-30 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +7 min

Popular brands among runners will include Nike, Hoka, Bandit, and Lululemon. Luxury apparel companies like Minted New York and Loewe collaborate with running brands like Saucony and On Running, while even run clubs like Endorphins Running include merch drops. Reneé Noe, a running influencer who started the Noe Bad Vibes running club for women, said she sees AlphaFlys a lot, too. They blew up in popularity in the last few years; in 2021, they were dubbed as some of the most iconic running hats by Believe in the Run, a running media company. AdvertisementShe and Mazarra also said the running belt ($38) is a big hit in the running world, and Noe is a huge fan.

Persons: —, Loewe, Michael Mazarra, Mazarra, they're, Reneé Noe, Noe, Ciele's GOCaps, Nick Bare's, SPIbelt, fanny, FlipBelt, Gu, Eliud Kipchoge, Lululemon Noe, it's, Venu, COROS, Oakley, Lite Oakley Mazarra Organizations: Nike, Service, York City, Nike Nike, GOCap, FlipBelt, Maurten, Tech, PACE, Garmin, Pace, Oakley Locations: New York, Vaporflys, Brooklyn, New England, California

☆ 33-year-old voiceover artist bringing in over $200,000 a year: I started with ‘really low prices and really long hours’
▼ + stars: | 2024-10-27 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

Start with 'really low prices and really long hours'Carroll recommends putting in long hours and keeping prices minimal at first. She also kept her prices low to attract customers — sometimes she even did work for free to build up her portfolio. She's in touch with other successful Fiverr freelancers "and we all started the same way," she says, "really low prices and really long hours." 'Deliver really good work'Carroll also advises making sure your customer service is top notch. "You want to deliver really good work."

Persons: Victoria Carroll, Carroll, here's Organizations: Google, Apple, Nike, National Geographic, Adidas, Pepsi, Coke, CNBC Locations: Czech Republic, Fiverr

☆ Why Starbucks, Nike and Boeing are looking for a time machine
▼ + stars: | 2024-10-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Three quintessentially American companies — Starbucks, Nike and Boeing — share a common predicament at the moment. Brian Niccol took the reins last month, leaving the top job at Chipotle to become Starbucks’ third CEO in three years. Boeing Boeing Boeing…. Like Nike and Starbucks, Boeing is looking to its past self to guide its future. And Boeing won’t be able to build the time machine it so desperately needs without the 33,000 machinists currently on strike.

Persons: CNN Business ’, Brian Niccol, Niccol, God —, ”, I’ve, we’ve, Nicolas Asfouri, it’s, Elliott Hill, Kelly Ortberg, who’ve Organizations: CNN Business, New York CNN, Starbucks, Nike, Boeing, Getty, NBA, WNBA, Boeing Boeing Boeing …, Ortberg Locations: New York, China, Chipotle, AFP

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the team of former prosecutors trying to fight Amazon's growing counterfeit problemCounterfeits became a big problem on Amazon after an influx of Chinese-based sellers joined in 2015, causing brands like Nike and Birkenstock to quit selling directly on the site. In 2020, Amazon launched the Counterfeit Crimes Unit, which joined law enforcement on 50 raids and the seizure of 7 million counterfeit products in 2023. But retail experts say it's not enough. CNBC visited Amazon's team of former prosecutors and a military gear brand that's partnered with them to sue counterfeiters.

Persons: Counterfeits, Birkenstock, counterfeiters Organizations: Nike, Amazon, CNBC, Amazon's

☆ A 'Love Is Blind' star says he doubled his income by influencing part-time. Now, he and his wife are using the extra money to travel and buy a house.
▼ + stars: | 2024-10-24 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +7 min

Brett and Tiffany both kept their day jobs after appearing on 'Love Is Blind'Brett and Tiffany met and fell in love on "Love Is Blind" season 4. But the security of having full-time jobs — or at least one full-time job among two of them — has allowed them to be discerning. Influencing as a side-hustle has been lucrative for the 'Love Is Blind' coupleBrett and Tiffany during the "Love Is Blind" reunion. Juggling maintaining a public profile and working a full-time job can mean the Browns are sometimes spread a little thin. AdvertisementYears before 'Love Is Blind,' Brett made a career changeBrett on "Love Is Blind" season 4.

Persons: Brett Brown, Brown, —, Tiffany Pennywell, Brett, Tiffany, I'm, there's, Netflix Brett, they've, Monty Brinton, he'll, Brett hadn't Organizations: Nike, Service, Netflix, Browns, Amazon, Business Locations: Seattle, Portland, New Hampshire, Kohan

☆ Nike vs. Lululemon: Pairs trading explained and how to execute one with options
▼ + stars: | 2024-10-24 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Pairs trading is a market-neutral trading strategy that involves simultaneously buying one asset, such as a stock, and selling another related asset. We will review a pairs trade candidate and how to execute it with options. The idea with pairs trading is that, from time to time or over time, there may be a divergence or spread in their prices. Alternatively, another form of pairs trading takes a longer-term and more fundamental perspective. Nike vs. Lululemon Well-known athletic apparel companies Nike (NKE) and Lululemon Athletica (LULU) aren't direct competitors.

Persons: Jim Simons, shorting, Lululemon Athletica, LULU, aren't, Michael Jordan, Tiger Woods, Serena Williams, Lulu, DK Metcalf, Jordan Clarkson, Leylah Fernandez, Lululemon, Lulu hedged Organizations: Ford, General Motors, Technologies, Nike, Seattle Seahawks, NBA, LULU, Lululemon, mojo, CNBC, NBC UNIVERSAL Locations: Lulu

☆ CNBC Sport: Adam Silver speaks exclusively, and TKO makes a big bet
▼ + stars: | 2024-10-24 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +21 min

The latter two are new partners (new-ish, at least – NBC is back after losing NBA rights in 2002 ). Warner Bros. Warner Bros. On the record With NBA Commissioner Adam Silver... Silver spoke to me about a lot of issues. Warner Bros.

Persons: Alex Sherman, Adam Silver, Mark Shapiro, we're, Silver, Max, David Zaslav, Luis Silberwasser, Zaslav, Silberwasser, Charles Barkley, Kenny Smith, Shaquille O'Neal, Ernie Johnson, divisiveness, we've, We're, David Stern, Chris Paul, CNBC's Jessica Golden, Gabrielle Fonrouge, Luis Suárez, Lionel Messi, CNBC's Lillian Rizzo, You've, Hurricane Milton, CNBC's Contessa Brewer, Jessica Golden, SeatGeek, Joe Biden Biden, Caitlin Clark, Goldin, LeBron James, Bronny James, Greg Rosenstein, Ari Emanuel, Brendan Mcdermid, Comcast's Organizations: CNBC, WWE, UFC, Endeavor Group, Endeavor, Professional Bull Riders, IMG, Ryder, FIFA, NFL, English Premier League, National Hockey League, Major League Soccer, PBR, NBA, Warner Bros, Disney, Comcast, NBC, Discovery, Big Tech, TNT Sports, Amazon, TNT, Turner Sports, Discovery Communications, Warner Brothers Discovery, Inside, Sony, Los Angeles Lakers, CNBC Sport, Nike, WNBA, MLS, New York Yankees, Los Angeles Dodgers, Twitter, New York Liberty, Indiana, Basketball Players, CBA, Hockey League, NHL, Lululemon, New York Stock Exchange, Reuters Locations: U.S, Hurricane, Tampa , Florida, underwhelmed, New York City

☆ 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

☆ WPP's former dealmaker is joining investment bank Canaccord Genuity — a sign advertising M&A could heat up
▼ + stars: | 2024-10-23 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Canaccord Genuity is hiring the former WPP dealmaker Lance Maerov to work on ad and media M&A. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Canadian investment bank Canaccord Genuity is hiring a former top dealmaker at the advertising giant WPP for its advertising and media mergers-and-acquisitions practice, Business Insider can exclusively reveal. Canaccord Genuity didn't respond to requests for comment.

Persons: Lance Maerov, —, Genuity, It's, IPG, Martin Sorrell, Maerov, Sorrell, Mark Read, Andrew Scott, Weinstein, Harvey Weinstein Organizations: WPP, Service, Madison, Mars United Commerce, Publicis Groupe, Verve, Jun, Epsilon, Street, Nike, Tata Consultancy Services, Street Journal, Real Media, Weinstein Co, Vice Media Locations: British

☆ Disney will name Bob Iger’s replacement in early 2026
▼ + stars: | 2024-10-21 | by ( Alex Sherman | Alex Sherman Covers Media For Cnbc. | ) www.nbcnews.com time to read: +3 min

Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. He will continue to lead that committee after he takes over as board chairman from Nike Executive Chairman Parker. Yuki Iwamura / Bloomberg via Getty Images fileParker will step down after nine years on the Disney board “to focus on other areas” of his work, according to a Disney statement. The board fired Iger’s handpicked successor, Bob Chapek, in November 2022 after a turbulent tenure that lasted less than three years. He and the board haven’t decided if Iger will extend his board tenure past 2026, said the people familiar.

Persons: James Gorman, Mark Parker, Bob Iger, Gorman, Parker, “, James Gorman’s, —, ” Iger, “ I’m, ” James Gorman, Yuki Iwamura, Elliott Hill, John Donahoe, Disney, Morgan Stanley, Ted Pick, Iger’s, Bob Chapek, Iger, Jimmy Pitaro, Josh D’Amaro, Dana Walden, Alan Bergman —, Nelson Peltz Organizations: Disney, Nike, Bloomberg, Getty, CNBC, ESPN, Disney Entertainment, Iger

☆ 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

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