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☆ Nike faces 3 obstacles that could threaten its dominance
▼ + stars: | 2023-01-14 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

New Adidas CEO Bjørn Gulden could reinvigorate the rivalry with Nike. Top of mind with stock pickers: Nike needs to shed inventory and get sales growing more in China. Where is the next leg of growth going to come from? Before the December earnings report, Simeon Siegel, managing director for equity research at BMO Capital Markets, told Insider Nike appeared to be turning a corner in China. Analysts also think new Adidas CEO Bjørn Gulden, who previously worked as CEO of Puma, could reinvigorate the rivalry with Nike.

☆ Tim Cook’s pay re-enters earth’s atmosphere
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

His pay has been out of this world, but then so has the iPhone maker’s share price performance. Nonetheless Apple, its investors and its board have agreed Cook’s pay should orbit closer to Earth in 2023. On Friday, Apple said Cook’s targeted pay will fall to $49 million. Apple says it will target his pay between 80th and 90th percentile among peers in future years. A bigger improvement is making Cook’s pay less of a giveaway.

☆ California floods strike at planners’ blind spots
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 11 (Reuters Breakingviews) - If California’s budget speaks to lawmakers’ prognostications, flooding wasn’t supposed to be such a big issue. But a current deluge of rainfall makes it clear that planning for disasters needs to be broader and more proactive. Flooding along the state’s coast is expected to cost California more than $1 billion, the Los Angeles Times reported Tuesday. While the California Senate called for extra flood protection in May, the budget only set aside $246 million for risk prevention. Municipal spending was painfully low with state and local authorities spending $48 million annually.

The GOP-controlled House passes a rules package for 118th Congress with just one GOP defection, NBC’s Kyle Stewart reports. ... President Biden spends his final day in Mexico City at North American Leaders’ Summit. But first: The news that the Justice Department is reviewing Obama Era classified documents found at a think tank tied to President Biden is quite a political gift to Donald Trump. “When is the FBI going to raid the many homes of Joe Biden, perhaps even the White House?” Trump posted on his Truth Social account. 6: The number of shootings recently at or near the homes of New Mexico Democratic political leaders, including the incoming state House speaker.

☆ Bank of America grabs the top spot on the 2023 Just 100 list
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America grabs the top spot on the 2023 Just 100 listCNBC's Brandon Gomez reports on the 2023 Just 100 rankings, Just Capital's annual analysis ranking of the largest public companies.

☆ Factbox: Golden Globe awards: Full list of nominees
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +7 min

[1/5] Butler poses backstage after receiving the Breakthrough Performance Award at the 34th Annual Palm Springs International Film Festival Awards gala in Palm Springs, California, U.S., January 5, 2023. REUTERS/Mario AnzuoniJan 10 (Reuters) - Hollywood gathers on Tuesday for the 2023 Golden Globes, the first major awards show of the season. After diversity and ethics scandals at the Globes organizer - the Hollywood Foreign Press Association - NBC declined to air the ceremony in 2022, but will broadcast the show this year for its 80th anniversary. The following is the full list of nominees:MOVIESBEST PICTURE-DRAMA“Avatar: The Way of Water”“Elvis”“The Fabelmans”“Tar”“Top Gun: Maverick”BEST PICTURE-MUSICAL OR COMEDY"Babylon"“The Banshees of Inisherin”“Everything Everywhere All at Once”“Glass Onion: A Knives Out Mystery”“Triangle of Sadness”BEST ANIMATED FILM“Guillermo del Toro's Pinocchio”“Inu-Oh”“Marcel the Shell with Shoes On”“Puss in Boots: The Last Wish”“Turning Red”BEST PICTURE-NON-ENGLISH LANGUAGE“All Quiet on the Western Front" (Germany)“Argentina, 1985" (Argentina)“Close" (Belgium)“Decision to Leave" (South Korea)“RRR" (India)BEST ACTRESS, DRAMACate Blanchett, "Tar"Olivia Colman, “Empire of Light”Viola Davis, "The Woman King”Ana de Armas, "Blonde”Michelle Williams, "The Fabelmans”BEST ACTOR, DRAMAAustin Butler, “Elvis”Brendan Fraser, “The Whale”Hugh Jackman, “The Son”Bill Nighy, “Living”Jeremy Pope, “The Inspection”BEST ACTRESS, MUSICAL OR COMEDYLesley Manville, "Mrs. Harris Goes to Paris"Margot Robbie, “Babylon”Anya Taylor-Joy, “The Menu”Emma Thompson, “Good Luck to You, Leo Grande”Michelle Yeoh, “Everything Everywhere All at Once”BEST ACTOR, MUSICAL OR COMEDYDiego Calva, “Babylon”Daniel Craig, “Glass Onion: A Knives Out Mystery”Adam Driver, “White Noise”Colin Farrell, “The Banshees of Inisherin”Ralph Fiennes, “The Menu”BEST SUPPORTING ACTRESSAngela Bassett, “Black Panther: Wakanda Forever”Kerry Condon, “The Banshees of Inisherin”Jamie Lee Curtis, “Everything Everywhere All at Once”Dolly De Leon, “Triangle of Sadness”Carey Mulligan, “She Said”BEST SUPPORTING ACTORBrendan Gleeson, “The Banshees of Inisherin”Barry Keoghan, “The Banshees of Inisherin”Brad Pitt, “Babylon”Ke Huy Quan, “Everything Everywhere All at Once”Eddie Redmayne, “The Good Nurse”BEST DIRECTORJames Cameron, “Avatar: The Way of Water”Daniel Kwan and Daniel Scheinert, “Everything Everywhere All at Once”Baz Luhrmann, “Elvis”Martin McDonagh, “The Banshees of Inisherin”Steven Spielberg, “The Fabelmans”BEST SCREENPLAY“The Banshees of Inisherin,” Martin McDonagh“Everything Everywhere All at Once,” Daniel Kwan, Daniel Scheinert“The Fabelmans,” Steven Spielberg, Tony Kushner“Tar,” Todd Field“Women Talking,” Sarah PolleyBEST ORIGINAL SCORE“Babylon,” Justin Hurwitz“The Banshees of Inisherin,” Carter Burwell“The Fabelmans,” John Williams“Guillermo del Toro's Pinocchio,” Alexandre Desplat“Women Talking,” Hildur GuðnadóttirBEST ORIGINAL SONG“Lift Me Up” by Tems, Ludwig Göransson, Rihanna and Ryan Coogler (“Black Panther: Wakanda Forever”)“Ciao Papa” by Alexandre Desplat, Roeban Katz, Guillermo del Toro (“Guillermo del Toro's Pinocchio”)“Naatu Naatu” by Kala Bhairava, M.M. Keeravani, Rahul Sipligunj (“RRR")“Hold My Hand” by Lady Gaga, BloodPop, Benjamin Rice (“Top Gun: Maverick”)“Carolina” by Taylor Swift (“Where the Crawdads Sing”)TELEVISIONBEST DRAMA SERIES“Better Call Saul” (AMC)“The Crown” (Netflix)“House of the Dragon” (HBO Max)“Ozark” (Netflix)“Severance” (Apple TV+)BEST MUSICAL OR COMEDY SERIES“Abbott Elementary” (ABC)“The Bear” (FX)“Hacks” (HBO Max)“Only Murders in the Building” (Hulu)“Wednesday” (Netflix)BEST LIMITED SERIES, ANTHOLOGY SERIES OR TV MOVIE“Black Bird” (Apple TV+)“Dahmer - Monster: The Jeffrey Dahmer Story” (Netflix)“The Dropout” (Hulu)“Pam and Tommy” (Hulu)“The White Lotus” (HBO Max)BEST ACTRESS, DRAMAEmma D'Arcy, “House of the Dragon”Laura Linney, "Ozark”Imelda Staunton, “The Crown”Hilary Swank, “Alaska Daily”Zendaya, “Euphoria”BEST ACTOR, DRAMAJeff Bridges, “The Old Man”Kevin Costner, “Yellowstone”Diego Luna, “Andor”Bob Odenkirk, “Better Call Saul”Adam Scott, “Severance”BEST ACTRESS, MUSICAL OR COMEDYQuinta Brunson, “Abbott Elementary”Kaley Cuoco, “The Flight Attendant”Selena Gomez, “Only Murders in the Building”Jenna Ortega, “Wednesday”Jean Smart, “Hacks”BEST ACTOR, MUSICAL OR COMEDYDonald Glover, “Atlanta”Bill Hader, “Barry”Steve Martin, “Only Murders in the Building”Martin Short, “Only Murders in the Building”Jeremy Allen White, “The Bear”BEST SUPPORTING ACTRESS, MUSICAL, COMEDY OR DRAMAElizabeth Debicki, “The Crown”Hannah Einbinder, “Hacks”Julia Garner, “Ozark”Janelle James, “Abbott Elementary”Sheryl Lee Ralph, “Abbott Elementary”BEST SUPPORTING ACTOR, MUSICAL, COMEDY or DRAMAJohn Lithgow, “The Old Man”Jonathan Pryce, “The Crown”John Turturro, “Severance”Tyler James Williams, “Abbott Elementary”Henry Winkler, “Barry”BEST ACTRESS, LIMITED SERIES, ANTHOLOGY SERIES or TV MOVIEJessica Chastain, “George and Tammy”Julia Garner

☆ Sephora is dropping the beauty lines of TikTok stars Addison Rae and Hyram Yarbro
▼ + stars: | 2023-01-10 | by ( Madeline Berg | Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Influencer brands Item Beauty and Selfless by Hyram are being pulled from Sephora. Addison Rae launched Item Beauty in 2020, while Hyram Yarbro launched Selfless in 2021. Insider has confirmed from a well-connected industry source that Sephora will be pulling Addison Rae's Item Beauty and Hyram Yarbro's Selfless by Hyram from its shelves. Item Beauty was launched in August 2020 by Rae, who shot to internet fame by replicating viral dances on TikTok. There are bright spots among celebrity-backed brands, like Selena Gomez's Rare BeautyThat isn't to say that all celebrity-founded beauty brands have fared poorly.

It was also nominated for best TV musical or comedy TV series. Gomez, 30, was nominated for her performance as Mabel Mora in Hulu's true crime satire “Only Murders in the Building." The show was also nominated for best musical or comedy TV series. Also joining the club of first-time Latino Golden Globe nominees are Aubrey Plaza, Diego Calva and Diego Luna. Two other young Latinas, Anya Taylor-Joy and Ana de Armas, landed best performance nominations for their leading movie roles.

☆ The feds say they're in for the long haul on Jan. 6 investigation
▼ + stars: | 2023-01-06 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +16 min

But the federal investigation has been strained, spread thin and strapped for resources as a sometimes less-than-agile federal bureaucracy adapts to the overwhelming scope of the caseload. While the FBI arrested more than 700 defendants in the first year of the investigation, it arrested about 200 in the second. Online sleuths have done their best to bust those myths, too. “That was it.”The Sedition Hunters website features images of people online sleuths say took part in the Jan. 6 attack, including many (in blue) who have been identified. Some charging documents in Jan. 6 cases make the role that online sleuths played clear.

☆ China’s TikTok wins while U.S. dillydallies
▼ + stars: | 2023-01-06 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

WASHINGTON, Jan 6 (Reuters Breakingviews) - The United States has a new kind of Trojan horse. The White House tasked the Committee on Foreign Investment in the United States with deciding whether TikTok can cut a deal to mitigate risks. While the Biden administration mulled an executive order, the measure was shelved, too, as CFIUS talks continued, Politico reported in December. Follow @BenWinck on TwitterCONTEXT NEWSThe United States banned the use of TikTok on government devices on Dec. 30. TikTok recently paused plans to hire consultants that would help enact a security deal with the United States, according to a Reuters article.

It’s the start of a class known as high-intensity interval training, a combination of treadmill and weight-lifting, at the boutique fitness studio Barry’s. The brothers and Rondeau, who now serves as Planet Fitness’ chief executive, hit upon a concept. Planet Fitness’ tag, “judgement free zone” is true to form. Part of the appeal is its $10 a month basic membership fee – which hasn’t changed – that Planet Fitness primarily collects through electronic funds transfers. Still, with solid and regular profits and a reasonable amount of debt, Planet Fitness has staying power, even if shareholders lose their shirts while its valuation comes in line.

☆ Southwest will soar again into open U.S. skies
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Jan 6 (Reuters Breakingviews) - The costs of Southwest Airlines’ (LUV.N) Christmas debacle landed on Friday. The company expects that some 17,000 flight cancellations will eat away between $725 million and $825 million of fourth-quarter pre-tax profit, creating a net loss in the period. Despite experiencing major disruptions before, $20 billion Southwest always manages to resume cruising altitude. Southwest, United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) account for about two-thirds of the market. The Southwest enterprise now trades below 4 times expected 2023 EBITDA, a discount to peers.

☆ Smaller raises aid inflation fight
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 6 (Reuters Breakingviews) - All things being equal, strong job growth is a bad sign in the fight against inflation. While employment is rising, wage growth is not. The Fed’s rate-setting committee had forecast an unemployment rate of 3.7% by the end of 2022. San Francisco Fed President Mary Daly said in November that wage growth of 3.5% to 4% would be consistent with the Fed’s 2% inflation target. As long as Americans’ raises stay modest, the country can shed its inflation problem without shedding jobs.

☆ Rep. Jimmy Gomez takes his baby to the Capitol during House speaker votes: ‘We have to normalize Dads'
▼ + stars: | 2023-01-05 | by ( Danielle Campoamor | Danielle Campoamor Has Been Published In Teen Vogue | Harper'S Bazaar | ) www.nbcnews.com time to read: +7 min

Rep. Jimmy Gomez, D-Calif., knew things could go awry during the House speaker vote on Tuesday. It was new for Gomez’s family members, who had plans to watch Gomez be sworn in for a fourth term and then tour the nation’s capital. “But that took another 30 minutes.”Gomez had planned on being on the House floor at 11:30 in the morning. “In the end, we have to normalize dads taking their kids with them, be it stay-at-home dads or working dads,” Gomez says. I mean, babywearing is cool now!”On Wednesday, Gomez and his family, along with Hodge, returned to the House floor as Republican members tried again to elect a speaker.

WASHINGTON — Sen. Debbie Stabenow, D-Mich., announced Thursday that she won't seek re-election in 2024, setting the stage for a competitive Senate race in a key battleground state during a presidential election year. Garlin Gilchrist, Secretary of State Jocelyn Benson, Attorney General Dana Nessel and state Sen. Mallory McMorrow, who gained a national following last year after going viral with her pushback against anti-LGBTQ rhetoric. Stabenow has served in the Senate since 2001 and previously served in the House from 1997 until her career began in the upper chamber. She holds several Democratic leadership roles including Senate Democratic Policy Committee chair and chair of the Senate Agriculture Committee. She has served alongside Sen. Gary Peters, D-Mich., since he came to Congress in 2015.

☆ Green surge is circuit breaker on nuclear revival
▼ + stars: | 2023-01-04 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 4 (Reuters Breakingviews) - Nuclear power received what seem like two plum gifts for 2023. Nuclear plants are expensive to build, and their complexity often causes projects to go way over budget. The cost of a new nuclear power station is around $168 per megawatt hour according to Lazard. China has 22 nuclear reactors under construction, but built renewables about twice as fast. CONTEXT NEWSVogtle 3 and 4 will be the first new nuclear reactors built in the United States in more than three decades.

☆ Starbucks will go grande on workforce-lite future
▼ + stars: | 2023-01-04 | by ( Amanda Gomez | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 4 (Reuters Breakingviews) - Starbucks (SBUX.O) will have a workforce that will grow increasingly restless in 2023. Starbucks’ employees started organizing in 2021 in Buffalo, New York, and by late 2022, workers at more than 250 stores, or 2% of U.S. locations, had voted to join a union. At the same time, Starbucks is moving quickly to automate, which will continue into 2023 under incoming CEO Laxman Narasimhan. Even some Starbucks unions might not survive as the company closes stores and drags out negotiations. The coffee company may be getting the heat, but it will only motivate it to go grande on an employee-light future.

☆ Activists will be no-holds-barred in 2023: podcast
▼ + stars: | 2023-01-03 | by ( Jonathan Guilford | ) www.reuters.com time to read: 1 min

NEW YORK, Jan 3 (Reuters Breakingviews) - As once-hot companies lost market value, investors did lots of wrestling with management in 2022. Even more is to come, according to Lazard’s (LAZ.N) Chris Couvelier, who joins The Exchange to explain how corporate giants’ strategic woes and tempting cash piles will shape activism in the new year. Listen to the podcastFollow @JMAGuilford on TwitterloadingEditing by Thomas Shum and Amanda GomezOur Standards: The Thomson Reuters Trust Principles. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Tesla merges into slower lane
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Jan 3 (Reuters Breakingviews) - Tesla (TSLA.O) made its name – and its once-$1 trillion valuation – by proving skeptics of its manufacturing prowess wrong. The question now is whether there’s enough demand to keep boss Elon Musk’s electric-vehicle assembly line busy. Competition in the United States and China, along with rising interest rates, also suggest Tesla is no longer unique. Musk cracked the electric-vehicle formula, but he’s stuck with the realities of the automotive market. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Sky spinoff is Comcast’s least-bad option
▼ + stars: | 2023-01-03 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

The boss of U.S. media giant Comcast (CMCSA.O) may want to make an exception for Sky. Including acquired debt, Roberts paid a multiple of 15 times Sky’s EBITDA to clinch the deal, two and a half times the company’s enterprise value before the takeover battle began. The financial consequences of Roberts’ determination became apparent in October when Comcast took a non-cash impairment charge of $8.6 billion related to Sky. Goldman Sachs analysts expect Sky to generate adjusted EBITDA of $2.1 billion in 2023, nearly one-third less than in 2019. Comcast said on Oct. 27 that it took a non-cash impairment charge of $8.6 billion related to Sky assets for the third quarter of 2022.

Elon Musk’s will-they-or-won’t-they Twitter debacle kept readers on tenterhooks via Refinitiv’s platforms and our two websites, Breakingviews.com and Reuters.com. Another piece posing the hard-hitting question, “What is Morgan Stanley (MS.N) smoking in Twitter LBO?”, garnered plenty of clicks on Breakingviews.com and via Refinitiv. Almost a third of the best-read lists tackled the outbreak of war in Europe, and its terrible ramifications. Views on the rouble and the prospect of the country’s economic collapse demanded attention. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Boardrooms will rediscover the value of gray hair
▼ + stars: | 2022-12-29 | by ( John Foley | ) www.reuters.com time to read: +3 min

To firms keen to avoid repeating past mistakes, the graying of the Western workforce may not be a bad thing in 2023. The share of European over-55s in jobs grew to 20% in 2019, from 12% in 2014, according to official data. The typical incoming CEO is 55, a decade older than the average in 2005, according to Crist Kolder Associates. Money markets are pricing in U.S. rates of 5% by the summer. Financial markets will always love the next new thing, but for the time being, gray is good.

Ten of the 13 people Dominican authorities accused of attempting to murder former Major League Baseball player David "Big Papi" Ortiz have been convicted. On June 2019, Ortiz was shot in the back while at a bar in his native Dominican Republic. According to the attorney general, Rodríguez Mota is "the person who paid those who carried out the act" against Ortiz. The remaining seven men received sentences of less than 10 years. Ortiz underwent multiple surgeries in the Dominican Republic and the U.S. after the attack.

This year brought a fascinating and eclectic number of books by Latino authors to store shelves and online selections, spanning different genres and earning high praise from readers and reviewers alike. Below is our list of 10 very distinctive works by U.S. Latino authors. The compelling novel has been recognized as one of the top 10 books of 2022 by The New York Times and The Washington Post and as one of the best books of 2022 by Time, NPR, Vogue, Oprah Daily and others. Although Villanueva's life took a different turn, many of his followers and their children, known as "Inca Jews," are still in Israel. She writes about how an abortion saved her life and candidly details her experiences dealing with suicidal thoughts and depression.

☆ 3 things that should be worrying Nike
▼ + stars: | 2022-12-26 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

New Adidas CEO Bjørn Gulden could reinvigorate the rivalry with Nike. Top of mind with stock pickers: Nike needs to shed inventory and get sales growing more in China. Analysts are also wondering how much competition Nike will face from Adidas under its new CEO Bjørn Gulden. Before the December earnings report, Simeon Siegel, managing director for equity research at BMO Capital Markets, told Insider Nike appeared to be turning a corner in China. Analysts also think new Adidas CEO Bjørn Gulden, who previously worked as CEO of Puma, could reinvigorate the rivalry with Nike.

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