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☆ All eyes on the consumer ahead of Black Friday and the holidays
▼ + stars: | 2022-11-13 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Beyond a slew of retail earnings reports, the government will report retail sales figures for October on Wednesday. But the most recent Consumer Price Index figures for October provided some relief for shoppers…and Wall Street. Consumer spending rose 1.4% during the third quarter, according to the government’s most recent gross domestic product (GDP) report. A report on housing starts and building permits data for October will come out towards the end of this week. When Home Depot reported its most recent earnings in August, it noted that customers didn’t make as many purchases as they did a year ago.

☆ Why China doesn't actually want to invade Taiwan
▼ + stars: | 2022-11-12 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +8 min

Biden is trying to reassure Beijing but also trying to deter them from using military force to coerce Taiwan." Biden, however, has gone further, repeatedly asserting that he would respond to a Chinese invasion by committing US troops. For China, the Taiwan threat gives them negotiating leverage with the US and influence over Taiwan's domestic politics. If Congress passes the Taiwan Policy Act, Taiwan will get $6.5 billion in taxpayer money to buy more US-made weaponry. The sanctions that would likely follow an invasion of Taiwan would quickly and severely restrict the country's supply of meat.

☆ What Cramer is watching Friday — Day 2 rally, China eases more Covid rules, Intel double downgrade
▼ + stars: | 2022-11-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

I see Club holding Estee Lauder (EL) as a buy on China starting to ease pandemic restrictions. Club holding Nvidia (NVDA) reports its quarter next week, and there seems to be a conclusion to the glut in semiconductors. JPMorgan double downgraded Intel (INTC) to underweight from overweight (sell from buy) and cuts its price target in half to $32 per share. Citi cuts price target on Palantir (PLTR) to $5 per share from $6 on slowing growth. Mizuho cuts price target on Kimco Realty (KIM) to $22 per share from $25.

☆ Inflation cools and markets soar, led by tech stocks: How we're making sense of this big week
▼ + stars: | 2022-11-11 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Markets closed higher for the week after a stellar rally Thursday that saw Big Tech stocks soar on the back of weaker-than-expected consumer price index (CPI) data for October. The S & P 500 closed up more than 5% for the week, its best week since June. Meanwhile, Club holding Amazon (AMZN) is reportedly conducting a broad cost-cutting review , according to The Wall Street Journal. But we think more data is needed before the Fed is able to tone down its hawkish commentary on rates. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

You can fix an overheating iPhone by restarting it, closing apps, or removing the charging cable. If it's hot outside and you leave your iPhone in direct sunlight or in the car, chances are it will get hot. Get your iPhone repairedSending your iPhone in for repairs should be the last resort after trying all of the steps above, and your iPhone is still overheating. How to cool down iPhoneThere are a few more ways to cool down your iPhone when it has already started overheating. Keep your iPhone in cool placesIt goes without saying that leaving your iPhone in direct sunlight is a big no-no.

☆ Gap Inc. launches its store on Amazon
▼ + stars: | 2022-11-10 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNNBusiness —Gap announced Thursday that it has officially launched its store on Amazon. While shoppers were able to buy Gap merchandise on Amazon previously through third-party sellers, the new partnership with Amazon Fashion marks the first time that Gap itself is selling its products on the online marketplace. The items, available for purchase beginning today on Amazon US and Amazon Canada, include the basics that Gap is known for — hoodies, T-shirts, denim, socks, underwear and sleepwear for adults, kids and infants. Gap (GPS) Inc. said its Amazon store will also include Baby Gap (GPS)-branded items such as nursery furniture, strollers, bassinets and cribs. None of the Gap items are exclusive to Amazon (AMZN), however, and will also be available for purchase in Gap stores and on Gap.com.

☆ Iowa teen who killed rapist back in custody after escape
▼ + stars: | 2022-11-09 | by ( Julianne Mcshane | The Associated Press | ) www.nbcnews.com time to read: +2 min

Pieper Lewis, 18, was booked into custody on charges of probation violation and escape from custody around 2 p.m. Tuesday, Lt. Ryan Evans at the Polk County Sheriff's Office told NBC News. She was arrested in Des Moines by a Fifth Judicial Circuit task force, Evans added. Prosecutors had called the probation sentence she was given in September merciful for a teen who endured horrible abuse, although some questioned the $150,000 restitution she was ordered to pay. Polk County Judge David Porter told Lewis in September that her probation sentence “was the second chance you asked for. You don’t get a third,” the Des Moines Register reported.

☆ Gap to sell Greater China units to e-commerce firm Baozun
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Nov 8 (Reuters) - U.S. apparel retailer Gap Inc (GPS.N) has agreed to sell its Greater China businesses to Baozun Inc (9991.HK), the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world's second-largest economy. China's Baozun said its unit would acquire Gap Shanghai Commercial and Gap Taiwan Ltd, which operate the whole business of Gap Greater China, with a primary deal size of $40 million and no more than $50 million for adjustment. The Shanghai entity reported a net loss after tax of 256 million yuan ($35.34 million) for 2021, compared with 456.3 million yuan a year earlier, Baozun said in a filing. The Taiwan entity reported a post-tax net loss of T$199.8 million ($6.24 million) for the year ended January 29, 2022. Separately, Baozun said Gap has granted it an exclusive right to manufacture and sell its products in Greater China area.

☆ Project Eleven: Google is quietly working on a wearable device for preteens as it chases a surging number of younger tech users
▼ + stars: | 2022-11-08 | by ( Blake Dodge | Hugh Langley | ) www.businessinsider.com time to read: +4 min

Google is working on a wearable for preteens in an effort called "Project Eleven." Google is developing a wearable device for preteens under its Fitbit group as it attempts to capture a growing demographic of younger users who own wearable tech, three employees familiar with the project told Insider. Apple in 2021 accounted for about 30% of global wearable shipments, according to the IDC Worldwide Quarterly Wearable Device Tracker. Are you a Google employee with a tip? Are you a Google employee with a tip about health projects?

☆ Iowa teen who killed rapist escapes from probation center, authorities say
▼ + stars: | 2022-11-07 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

DES MOINES, Iowa — Iowa authorities say an 18-year-old sex trafficking victim who pleaded guilty to killing a man she said raped her escaped from a women’s center where she was serving her probation sentence. Prosecutors had called the probation sentence she was given in September merciful for a teen who endured horrible abuse, although some questioned the $150,000 restitution she was ordered to pay. Polk County Judge David Porter told Lewis that her probation sentence “was the second chance you asked for. You don’t get a third,” the Des Moines Register reported. Lewis was 15 when she stabbed Brooks more than 30 times in a Des Moines apartment.

☆ The federal government wants to stop your boss from spying on you
▼ + stars: | 2022-11-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Companies are using surveillance technologies to keep tabs on remote workers. Under current law, some level of employee surveillance is generally allowed. Some experts have called this "productivity paranoia" a sentiment that's led some companies to expand the use of various surveillance technologies. These are among the reasons Abruzzo's memo called on the NLRB to review companies' surveillance technologies and assess whether they restrict workers' rights. While the emergence of remote work has brought this surveillance into the spotlight in recent years, the legal landscape remains murky.

More than three-quarters of the deliveries list the supplier as Gap Europe Ltd, a London-based unit of Gap Inc. The Russian customs records are drawn from several commercial providers of trade data and go through Sept. 30. The Gap shipments included everything from "knitted children’s socks" and "children’s pajamas" to "textile blouses for women" and "textile shorts for men." Some items are missing.”Russian customs records show more than 1,200 shipments of Gap clothing to Russia between March 11 – the day after Gap Inc’s announcement that it was halting shipments – and June 21. After July 16, the customs records show no shipments to Gap Retail in Moscow, indicating that the apparel flow to Russia had stopped.

☆ Pressure mounts for regulators to investigate TikTok over potential 'Big Brother-type surveillance' after reports of plans to track Americans' locations
▼ + stars: | 2022-10-29 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Forbes reported TikTok's parent company, ByteDance, planned to use the app to surveil Americans. The consumer rights group joins a growing chorus of bipartisan calls to investigate the Beijing-based company. In its Thursday letter, the nonprofit consumer rights group Public Citizen urged the FTC to investigate and "take immediate action against ByteDance and Tiktok" if the reports of surveillance are substantiated. The app's links to the Chinese government have long spurred concerns over propaganda, fake news, and data privacy — with the Trump administration in 2020 even proposing a total ban of TikTok. In 2021, the Biden administration promised a security review of foreign-owned apps, but has yet to publish its results.

☆ Flight from Alaska to Australia could place bird into record books
▼ + stars: | 2022-10-28 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

A young bar-tailed godwit appears to have set a non-stop distance record for migratory birds by flying at least 8,435 miles from Alaska to the Australian state of Tasmania, a bird expert said Friday. Because the bird was so young, its gender wasn’t known. Aged about five months, it left southwest Alaska at the Yuko-Kuskokwim Delta on Oct. 13 and touched down 11 days later at Ansons Bay on the island of Tasmania’s northeastern tip on Oct. 24, according to data from Germany’s Max Plank Institute for Ornithology. The bird started on a southwestern course toward Japan then turned southeast over Alaska’s Aleutian Islands, a map published by New Zealand’s Pukoro Miranda Shorebird Center shows. The bird was again tracking southwest when it flew over or near Kiribati and New Caledonia, then past the Australian mainland before turning directly west for Tasmania, Australia’s most southerly state.

☆ Russia's anti-satellite threat tests laws of war in space
▼ + stars: | 2022-10-28 | by ( Joey Roulette | ) www.reuters.com time to read: +5 min

Such an act during the war in Ukraine could sharply escalate tensions between Russia and the United States. And tens of thousands of communications devices in Ukraine rely on U.S. satellite communications giant Iridium's (IRDM.O) satellite network. "If somebody starts shooting satellites in space, I'd imagine it would quickly make space unusable," Desch said. COMPLICATED CALCULUSWhether a Russian anti-satellite strike would violate the 1967 Outer Space Treaty, such as its prohibition on placing weapons of mass destruction in space, is debatable, lawyers say. SpaceX's Starlink network consists of roughly 3,000 satellites, and there are several dozen commercial U.S. imagery satellites eyeing Russia and Ukraine.

☆ Why 10,000 pounds of rubber are stripped from runways
▼ + stars: | 2022-10-28 | by ( Melissa Estrada | ) www.businessinsider.com time to read: +6 min

Rubber builds up on airport runways and runway lights every time a plane's wheels touch down. Narrator: Every time a plane lands, each tire leaves around 1½ pounds of rubber on the runway. That temperature makes the tread rubber melt and bond to the runway and lights that guide pilots. That's over 30 pounds of rubber lost per landing – equivalent to the amount of rubber in two of your car's tires. And runway lights, used to guide takeoff, landing, and taxiing, especially at night and in low-visibility conditions, are dimmed by the melted rubber bonding to them.

☆ Fact Check-Alexander Gleason’s map of the world does not prove the earth is flat
▼ + stars: | 2022-10-27 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

One Instagram user (here) shared a TikTok video which tries to challenge the fact that that Gleason’s map is a projection of the earth as a globe. Gleason argued that the earth is flat in his 1890 book “Is the Bible from Heaven? ALL 2D MAPS DISTORT EARTHAs Gleason’s map is centered on the north pole, the edges indicate the south pole. “A projection of a person on a page is also flat (see Jeff Brown’s ‘Flat Stanley’ character), but people aren’t flat,” Bennett said. Gleason’s map is a depiction of the earth as a globe in a north-polar azimuthal equidistant projection and is not proof that the earth is flat.

☆ Adidas ends Ye deal over hate speech, costing rapper his billionaire status
▼ + stars: | 2022-10-27 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +4 min

Adidas put the tie-up, which has produced several hot-selling Yeezy branded sneakers, under review this month. "Adidas does not tolerate antisemitism and any other sort of hate speech," the German company said on Tuesday. Forbes magazine said the end of the deal meant Ye's net worth shrank to $400 million. The magazine had valued his share of the Adidas partnership at $1.5 billion. On Tuesday, Gap, which had ended its partnership with Ye in September, said it was taking immediate steps to remove Yeezy Gap products from its stores and that it had shut down YeezyGap.com.

☆ Weapons in Ukraine aren't flooding Europe's black markets, but that could change
▼ + stars: | 2022-10-27 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +11 min

The volume of weapons sent to and in Ukraine has raised concern that some could end up on the black market. The United Kingdom has sent Ukraine more than 4,200 such weapons since Russia invaded. Similarly, the UK has sent more than 5,000 point-and-shoot NLAW anti-tank missiles to Ukraine, weapons that can readily target and destroy most moving vehicles. However, "At the moment," he said, "there is no evidence of increased arms trafficking from Ukraine to other countries." In September, the Moldovan Ministry of Internal Affairs announced the creation of a new unit dedicated to combating illicit arms trafficking.

☆ Skechers says escorted Ye out of LA office after rapper arrived 'unannounced'
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

Oct 26 (Reuters) - Skechers USA Inc (SKX.N) said on Wednesday its executives escorted Ye, formerly known as Kanye West, out of a Los Angeles corporate office, after the rapper and fashion designer "showed up unannounced and uninvited". Skechers' comments come a day after sportswear brand Adidas AG (ADSGn.DE) ended its partnership with West, following a series of antisemitic comments from the celebrity. "We condemn his recent divisive remarks and do not tolerate antisemitism or any other form of hate speech," Skechers said. Apparel company Gap Inc (GPS.N), which terminated its tie-up with West in September, is also taking immediate steps to remove Yeezy Gap products from its stores and shut down YeezyGap.com. Shares of California-based Skechers were up nearly 1% in extended trading, after closing down nearly 10% on Wednesday.

☆ Adidas plans to end Kanye West partnership over 'offensive behaviour' - Bloomberg News
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - German sporting goods maker Adidas AG (ADSGn.DE) plans to end its partnership with American rapper Kanye West, following a rash of offensive behaviour from the performer and designer, Bloomberg News said on Tuesday, citing people familiar with the matter. Adidas may announce the move as early as Tuesday, the report added, saying the rapper, who now goes by the name Ye, has made controversial statements, including anti-Semitic social media posts, in recent weeks. Adidas on Oct. 6 said it was reviewing its business partnership with the rapper and fashion designer. West which has been partnering with Adidas since 2013 had been publicly critical of Adidas and its CEO, adding that the sporting goods maker were copying his ideas, CNBC had earlier reported. Ye recently has agreed to buy Parler, the social media platform popular among U.S. conservatives.

FILE PHOTO: A health worker wears a protective suit near a testing booth as outbreaks of coronavirus disease (COVID-19) continue in Beijing, China, Oct. 23, 2022. An index measuring road freight transport turnover tumbled 26.2% on Oct. 21 from a year prior versus a 23.7% drop a week earlier, according to Nomura. New local infections fell 24% to 6,096 during Oct. 18-24 from a week earlier. Zhengzhou’s metro traffic slumped 79% from Oct. 11 to Oct. 15, according to the latest available data. Metro traffic in Guangzhou dropped 8.8% during Oct. 18-24 from the previous week, Reuters calculations based on data released by local metro operators showed.

☆ Wyoming hunter shoots self while trying to fight off attacking grizzly bear
▼ + stars: | 2022-10-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +2 min

A Wyoming hunter was recovering Monday after he shot himself while trying to fight off an attacking grizzly bear over the weekend, authorities said. Francis’ son used a handheld satellite emergency notification device to call for help, sheriff’s Sgt. The Wyoming Game and Fish Department is investigating the bear attack and searching for the bear. It was the second reported bear attack in Wyoming this month. Wildlife officials have said that there has been "an abundance of bear activity" in the area of the Shoshone National Forest attack, also in western Wyoming.

☆ Ye's ugly break-up with Adidas and Gap show the risks of celebrity partnerships
▼ + stars: | 2022-10-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

The line also helped Adidas (ADDDF) get shelf space at major retailers and brought new customers into the stores who bought other Adidas (ADDDF) merchandise. Other fashion brands that bet on Ye, including Gap (GPS)and Balenciaga, have also ended their partnerships in recent weeks. The partnership with Ye and subsequent fallout highlights the risks of retail brands relying on celebrities to appeal to shoppers. A 2012 study published in the Journal of Advertising Research found that celebrity endorsements from athletes can increase a brand’s sales by 4%. Instead of pulling the plug on Ye immediately, Adidas’ slow response allowed anger and protests over the brand’s ties to him to grow online for more than a week.

☆ Adidas ends Kanye West partnership over antisemitism, hate speech
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +3 min

"Adidas does not tolerate antisemitism and any other sort of hate speech," the German company said. Register now for FREE unlimited access to Reuters.com RegisterA lawyer representing Kanye West did not respond to a request for comment. Adidas put the partnership under review earlier in October "after repeated efforts to privately resolve the situation." Ye has courted controversy in recent months by publicly ending major corporate tie-ups and due to outbursts on social media against other celebrities. His Twitter and Instagram accounts were restricted, with the social media platforms removing some of his online posts that users condemned as antisemitic.

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