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☆ Premarket stocks: Share buybacks could beat last year's record $1.2 trillion
▼ + stars: | 2023-02-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Companies have announced about $175 billion worth of planned stock buybacks so far this year. This year will likely be the first with at least $1 trillion in completed S&P 500 company buybacks, said Howard Silverblatt at S&P Dow Jones Indices. ▸ GM (GM) just inked an exclusive deal for the hottest product in automaking: Semiconductors. The strong dollar is hurting multinationalsThe rip-roaring dollar cut deeply into the earnings of multinational companies selling their wares overseas last quarter. “We got hit with that.”McDonald’s (MCD) and 3M (MMM) also said in earnings reports that they were worried that the strong dollar would affect future sales.

☆ Adidas says dropping Kanye West could cost it more than $1 billion in sales
▼ + stars: | 2023-02-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. The company warned Thursday that it’s expected to lose $1.3 billion (1.2 billion euro) in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. Adidas said selling the sneakers under its own branding would save the company about $300 million in royalty payments and marketing fees. Other options including destroying it or donating unsold Yeezy clothing. Adidas said it also expects “one-off costs” of $213 million (200 million euro) because of a “strategic review” the company is currently undergoing.

☆ Beyoncé’s Clothing Line With Adidas Suffers From Weak Sales
▼ + stars: | 2023-02-08 | by ( Khadeeja Safdar | ) www.wsj.com time to read: 1 min

Singer Beyoncé performing last month in Dubai, where she unveiled the next release of her Ivy Park brand merchandise. Beyoncé fans are clamoring for tickets to her world tour, but the music superstar is having a harder time finding buyers for her line of inclusive streetwear. Beyoncé’s fashion partnership with Adidas AG has produced weak sales of her Ivy Park clothing brand, according to documents and people familiar with the matter, leaving a roughly $200 million hole in the company’s annual projections.

☆ Beyoncé's line with Adidas is reportedly struggling, driving home the challenge of filling the $2 billion hole left by Kanye West's Yeezy line
▼ + stars: | 2023-02-08 | by ( Matthew Kish | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The Wall Street Journal on Wednesday reported sales for the singer's Ivy Park Adidas line fell 50%. Adidas' struggles to gain traction with Ivy Park come after the brand cut ties with Kanye West. Sales of the Ivy Park line with Adidas decreased more than 50% to roughly $40 million last year, well short of the company's $250 million forecast, according to the Journal. The Adidas line with Ivy Park launched in 2020. The contract between Beyoncé and Adidas expires after 2023, according to the Journal, which reported Adidas has discussed ending or revising the deal.

☆ Beyoncé’s Ticket Sales Are Ticketmaster’s Next Test After Taylor Swift
▼ + stars: | 2023-02-07 | by ( Anne Steele | ) www.wsj.com time to read: 1 min

Ticket sales to Beyoncé’s Renaissance World Tour will serve as a closely watched test for Ticketmaster in the wake of its bungled sales of Taylor Swift tickets late last year. On Tuesday, a series of presale tickets to Beyoncé shows in certain cities will become available to Citi credit-card holders before ticket sales open up to more fans in a series of staggered sales. A limited number of tickets to some shows went on sale Monday for a portion of Beyoncé’s superfans, known collectively as the BeyHive, with no initial reports of significant technical problems.

☆ Beyoncé Fans Make Plans A, B and C to Get Tickets After Taylor Swift Ticketmaster Debacle
▼ + stars: | 2023-02-06 | by ( Jennifer Calfas | Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Beyoncé fans rejoiced when the singer last week revealed her hotly anticipated “Renaissance” tour schedule. Then they quickly fell into a frenzy of urgent logistics. “This is not a drill,” read the subject line of an email Stella Safo, a 39-year-old HIV primary-care physician in New York, sent to her friends to launch their Beyoncé ticket-buying plans.

☆ Harry Styles Wins Album of the Year as Beyoncé Breaks Grammys Record
▼ + stars: | 2023-02-06 | by ( Neil Shah | ) www.wsj.com time to read: 1 min

Beyoncé broke the record for the most Grammy wins in history after winning best dance/electronic music album for her record “Renaissance.” But the superstar was overlooked for the most prestigious prizes at the 65th annual Grammy Awards in Los Angeles on Sunday. Pop-rock phenom Harry Styles scored album of the year, the most coveted Grammy, for “Harry’s House”—an outcome that represents an upset, yet one that some Grammy watchers had expected. His blockbuster album also won other awards, including best pop vocal album.

☆ Will Beyoncé Break a Grammys Record at Tonight’s Ceremony?
▼ + stars: | 2023-02-06 | by ( Neil Shah | ) www.wsj.com time to read: 1 min

The Grammys are anticipating a return to normal in Los Angeles this year, after last year’s pandemic-related move to Las Vegas. Will Beyoncé become the most decorated artist in Grammy history? That’s among the biggest questions in the music business as the 65th annual awards unfurl Sunday in Los Angeles. Beyoncé leads nominations with nine nods, including album of the year—the most prestigious Grammy—for her dance-music homage, “Renaissance.” The pop-R&B star is also up for song and record of the year for her album’s chart-topping lead single, “Break My Soul.” Her other nominations include best dance/electronic music album and best R&B song (“Cuff It”).

☆ From Beyoncé to Taylor Swift: 7 women who made history at the 2023 Grammys
▼ + stars: | 2023-02-06 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Beyoncé, Taylor Swift and more female artists broke records and saw historic wins across several categories at the 2023 Grammy Awards. The winners were announced on Sunday during two different ceremonies in Los Angeles, honoring the best music of the year across a wide range of genres. Here are seven women who made history with their wins at the 2023 Grammys:BeyoncéRobert Gauthier | Los Angeles Times | Getty ImagesBeyoncé is now the winningest artist in Grammys history thanks to a quartet of awards for her album "Renaissance." Viola DavisTimothy Norris | Filmmagic | Getty ImagesThe 57-year-old actress earned EGOT status at the 2023 Grammy Awards, making her the third Black woman in history to achieve the rare and coveted honor. Germaine FrancoJay L. Clendenin | Los Angeles Times | Getty ImagesGermaine Franco won best score soundtrack for visual media for composing the Disney animated film "Encanto."

☆ Morning Bid: Hot air
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +3 min

Still, stocks rallied and bond yields fell as markets priced in lower rates. Now, it appears that some of these expectations were a load of hot air. The U.S. jobs data showed the unemployment rate hit more than a 53-1/2-year low of 3.4%. U.S. stock futures traded lower and FTSE futures indicated a weaker start for British stocks (.FTSE), which vaulted to a record high on Friday. European index futures also traded lower.

If usual recommendations like driving for Uber or pet-sitting haven't worked for you, consider these 5 side hustle ideas for extra cash. Here are some of the most common side hustles that people try, and how much they pay on average, according to the employment website Indeed. If you've already exhausted these common side hustle ideas, here are five others that can help you earn an extra $500 per month. If you have extra time on nights or weekends, you can use apps like Handy or Maids App to find extra work. Since most Americans do their shopping online, warehouse jobs are here to stay, plus they offer flexible hours.

☆ Taylor Swift's mega-producer Jack Antonoff breaks down 3 problems with the economics of touring: 'Don't turn a live show into a free market'
▼ + stars: | 2023-02-06 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Ticketmaster and Live Nation have faced scorn after ticketing chaos for Taylor Swift's Eras tour. Frequent Swift collaborator Jack Antonoff, who took home producer of the year for the second year running, shared some thoughts on the economics of touring and Live Nation. When asked by Variety Magazine for a comment on Live Nation, and their impact on the industry and touring, Antonoff said that the "whole thing is incredibly tough." Representatives for Antonoff and Live Nation Entertainment did not immediately respond to Insider's requests for comment. Swift's legion of fans have prompted renewed scrutiny of Live Nation and its 2010 merger with Ticketmaster.

☆ Beyoncé Makes History at a Star-Powered Grammy Ceremony
▼ + stars: | 2023-02-06 | by ( Ben Sisario | More About Ben Sisario | ) www.nytimes.com time to read: +1 min

LOS ANGELES — Beyoncé made Grammy history on Sunday night, setting a record at the awards’ 65th annual ceremony for the most career wins by any artist, after picking up a string of trophies for “Renaissance,” her hit album that mined decades of dance music. But she was once again shut out of the major categories, winning all four of her prizes for the night in down-ballot genre categories. Styles seemed at a loss for words as he accepted his Grammy, opening his remarks with a stunned profanity. Still, Beyoncé’s accomplishment resonated throughout the evening. Accepting her 32nd career award, Beyoncé thanked God and her family, and honored her “Uncle Jonny,” a gay relative whom she has described in the past as her “godmother” and as the person who exposed her to L.G.B.T.Q.

Persons: Beyoncé, ”, Harry Styles, ” Lizzo, Bonnie Raitt, “, Styles, God, Uncle Jonny Organizations: ANGELES, “

☆ Grammys 2023: Beyoncé Faces Stiff Competition as Superstar Aims to Break Record
▼ + stars: | 2023-02-05 | by ( Neil Shah | ) www.wsj.com time to read: 1 min

The Grammys are anticipating a return to normal in Los Angeles this year, after last year’s pandemic-related move to Las Vegas. Will Beyoncé become the most-decorated artist in Grammy history? That’s among the biggest questions in the music industry as the 65th annual awards get under way on Sunday in Los Angeles. Beyoncé, who went into tonight’s ceremony with nine nominations, has already won two awards in a pretelevised ceremony, where roughly 80 of the 91 awards are given out. Her awards include best dance/electronic recording, for “Break My Soul,” the chart-topping lead single from her latest album “Renaissance,” and best traditional R&B performance, for one of the album’s tracks, “Plastic Off the Sofa.”

☆ At Sunday's Grammys, will Beyonce finally win top honor of best album?
▼ + stars: | 2023-02-05 | by ( Lisa Richwine | ) www.reuters.com time to read: +3 min

[1/2] Singer Beyonce arrives at the 2016 MTV Video Music Awards in New York, U.S., August 28, 2016. Beyonce heads into the show in Los Angeles with nine nominations, including an album of the year nod for dance-heavy album "Renaissance." The acclaimed 2016 album "Lemonade" was defeated by Adele's "25," prompting the British vocalist to say on stage that Beyonce deserved the honor. Beyonce's other nominations include record and song of the year for "Break My Soul." Scheduled performers include Styles, Lizzo, Sam Smith, Luke Combs and Bad Bunny.

☆ How monk turned motivational speaker, Jay Shetty, and his wife are building a growing empire of wellness teas— with backing from New Money Ventures
▼ + stars: | 2023-02-04 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

The sparkling tea brand has raised funding from LA-based firm, New Money Ventures. Liquid Death, a canned water brand, was valued at $700 million during its Series D round in October 2022. In April 2022, Beyonce invested in Lemon Perfect, a lemon water brand. In November 2022, the organic birch water brand Treo announced a partnership with the singer Jason Derulo. Joyo launched direct-to-consumer on January 25, so customers can now order products online to any location in the United States.

☆ Meet Maye Musk, the Sports Illustrated cover model and the glamorous mother of one of the richest men in the world
▼ + stars: | 2023-02-04 | by ( Grace Kay | ) www.businessinsider.com time to read: +13 min

Despite her support for her children, Maye Musk has been a celebrity in her own right for decades. Maye Musk Maye Musk attended the Met gala with Elon Musk last year. "They followed their passions, and they all went in different directions," Maye Musk told Insider in a 2020 interview. Elon Musk, in particular, had tried his hardest in school, but only in the subjects he liked, Maye Musk said. Even at 14 years old, Maye Musk said Elon Musk had shown a passion for investing.

☆ Grammys 2023: A Beyoncé vs. Adele Rematch, and Everything Else You Need to Know
▼ + stars: | 2023-02-03 | by ( Neil Shah | ) www.wsj.com time to read: 1 min

Even among the many Grammy Awards shows with highly competitive races between artists, this year stands out. Consider all the questions fans have to pore over: Will it finally be Beyoncé’s year? If so, where does that leave Kendrick Lamar? Will Bad Bunny make history for Latin artists? Or will coveted prizes go to industry titans like Adele and Taylor Swift and insider picks such as ABBA and Coldplay?

The 65th Annual Grammy Awards will recognize the year's best artists, songs, albums, and more. The 2023 Grammys recognizes music released during the eligibility period, between October 1, 2021, and September 30, 2022. How to watch the 2023 GrammysYou can watch the 2023 Grammy Awards live on February 5 at 8 p.m. You can stream the 2023 Grammy Awards for free if you sign up for a Paramount Plus Premium free trial. Kevin Mazur/Getty Images for NARASBeyoncé is the most nominated artist at the 2023 Grammys with nine nominations.

☆ The unemployment rate is at its lowest since 1969
▼ + stars: | 2023-02-03 | by ( Juliana Kaplan | Andy Kiersz | ) www.businessinsider.com time to read: +3 min

The US added over half a million jobs and unemployment fell in January, according to the Bureau of Labor Statistics. The unemployment rate is now at its lowest since 1969, easing fears of a potential downturn. Indeed, hiring was booming so much that the unemployment rate fell to 3.4%. That's the lowest rate since 1969. That's right: The US hasn't seen an unemployment rate this low since the moon landing.

☆ The Senate Judiciary Committee says it's 'watching' Ticketmaster as the battle for Beyoncé tickets begins
▼ + stars: | 2023-02-03 | by ( Rebecca Cohen | Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

The Senate Judiciary Committee is "watching" Ticketmaster as tickets are about to go on sale for Beyoncé's upcoming tour. But the Senate Judiciary Committee has warned the embattled platform against having a repeat of the Taylor Swift ticket fiasco. "We're watching, @Ticketmaster," the Senate Judiciary Committee tweeted Thursday. But, in that Senate Judiciary Committee meeting last month, some senators argued Ticketmaster — which merged with Live Nation in 2010 — holds a monopoly over the ticket-buying business. Lawmakers and witnesses repeatedly hammered Live Nation Entertainment over the impact of its 2010 merger, which combined Live Nation and Ticketmaster into the larger firm.

WASHINGTON, Feb 3 (Reuters) - Ticketmaster is preparing to sell tickets for Beyonce's first tour in six years in a different way, hoping to avoid a repeat of last year's Taylor Swift debacle. Ticketmaster tweeted on Thursday that the demand to register for a chance to buy tickets for concerts in the nine cities in Group A, whose registration closed on Friday, exceeded the number of tickets by more than 800%. The North American leg of Beyonce's tour opens in Toronto on July 8 and closes in New Orleans on Sept. 27, according to the Ticketmaster website. After loud complaints from Taylor Swift fans, the company blamed more than 3.5 billion requests from fans, bots and scalpers for its overwhelmed website. On Thursday, the Judiciary Committee retweeted a news report about the Beyonce tour announcement and tweeted to @Ticketmaster, "We're watching."

New York CNN —Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants. Alphabet’s revenue will likely remain flat from last year and Amazon’s sales are expected to grow just shy of 6% year-over-year. All three companies’ profits are expected to fall from the year-ago quarter, with Amazon set to suffer the steepest drop with a decline of 40.6%. Then came the press conference, which led to a steep divergence between what the Fed thinks and what the Wall Street thinks. A cautionary tale: In mid-November, Ticketmaster’s site overloaded when fans tried to purchase pre-sale tickets for Taylor Swift’s upcoming tour.

☆ The $400 Tiffany & Co. and Nike sneaker collab is just the beginning — the brands are also hawking silver accessories like shoe horns totaling over $1000
▼ + stars: | 2023-02-02 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Nike and Tiffany & Co. are releasing their first sneaker collaboration next month for $400. Accessories are a sterling silver shoe horn, sneaker toothbrush, deubré, and a referee whistle. But the sneaker, dubbed the Nike Air Force 1 Low Tiffany & Co. "1837," is just the beginning. But in classic Tiffany's style, the luxury jeweler is selling a sterling silver shoe horn, sneaker toothbrush, deubré, and a whistle as part of the release. The brand also sells sterling silver photo frames, bowls, and pens, among other items.

☆ Ticketmaster braces for Beyoncé's 'Renaissance' tour amid fears of Taylor Swift-level demand
▼ + stars: | 2023-02-02 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Ticketmaster is gearing up for what's expected to be high demand for tickets to Beyoncé's upcoming "Renaissance World Tour," as the ticketing giant continues to face criticism over the botched presale for Taylor Swift's "Eras" tour last year. Beyoncé announced Wednesday that her first solo world tour since 2016 will kick off May 10 in Stockholm, Sweden, and conclude Sept. 27 in New Orleans. Registration windows vary by city, and the company warns "there will be more demand than there are tickets available." In November, verified fans for Taylor Swift's "Eras" tour presale faced long wait times, confusion and technical glitches. Within 48 hours of the presale going live, Ticketmaster canceled the general public sale, citing "extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand."

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