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☆ YouTube is facing a reckoning as rivals offer TV streaming scale for the first time
▼ + stars: | 2023-11-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

One holding company exec said for the first time in years, their clients' YouTube spending hasn't increased this year. Execs also cited suitability of YouTube content as an ongoing factor in their spending allocations. YouTube TV , launched in 2017, provides linear and on-demand programming, and parent Alphabet has called it a bright spot for subscriber growth. YouTube also pitches TV advertisers on YouTube Select, which lets advertisers run ads on the top 5% of its most popular programming. And last year, YouTube reached a deal to make NFL's Sunday Ticket games an add-on for YouTube TV subscribers.

Persons: Max, Execs, Adalytics, Dan Salmon, Brian Albert, Albert, Nielsen, it's, we're, execs, Brian Wieser, Wieser Organizations: YouTube, Business, Disney, Paramount, Amazon, Prime, Google, Hollywood, New, Research, US, Netflix, Hulu, Sunday Ticket, Nielsen . Ad, YouTube's Locations: Madison, Wall

☆ Home prices will weaken as rising rental supply creates more competition in the housing market, top economist says
▼ + stars: | 2023-11-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Mortgage rates will settle between 5%-6%, helping boost home sales, Zandi added. The trend is especially evident among high-end properties, where the rise of multi-family towers in urban centers has lowered rents and impacted the single-family housing market. That's because the added supply increases overall competition in the housing market as sellers of existing homes will be under more pressure to cut prices, he explained. The rush to add inventory comes as the housing market faces a broad supply crunch, made worse by homeowners' resistance to sell their properties. He reiterated that this will help boost housing sales, as long as a recession is avoided and incomes continue to rise.

Persons: Mark Zandi, Zandi, — Organizations: CNBC, Service

☆ She bought a house without using a realtor. Did you?
▼ + stars: | 2023-11-28 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Diem Nguyen recently bought a home near San Francisco without using a real-estate broker. AdvertisementIn October, Diem Nguyen bought a home in the San Francisco Bay Area for $1.6 million — without a realtor. About 88% of homebuyers this year used a real-estate agent, Zillow found . Have you bought a home without a real-estate agent? (Aalto does have a team of real-estate agents working behind the scenes, but they are salaried rather than paid by commission.

Persons: Diem Nguyen, —, Aalto, Buyers, Nguyen, Zillow, Sellers, Jordan Pandy, Ilyce Glink, Samuel J, Tamkin Organizations: Service, San Francisco Bay Area, country's, Buyers, Rocket Mortgage, Washington Post, Sarasota Herald, Tribune Locations: San Francisco, San Francisco Bay, California, Washington, Zillow, Sarasota

☆ 41-year-old's side hustle brings in $125,500 a year, and costs $0 to start: 'The riches are found in niches'
▼ + stars: | 2023-11-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

She posts her worksheet booklets — designed to help teach literacy to young students — to her online store on Teachers Pay Teachers, an Etsy-style marketplace. Jerome and Becky Powell run their Teachers Pay Teachers stores separately — but the money all goes to the same place, they say. You don't have to spend any money to get started, Powell notes: Teachers Pay Teachers has both free and paid tiers for sellers. Powell pays that subscription fee, as does her husband Jerome — a full-time computer engineer who manages another Teachers Pay Teachers store, called Editable Activities. I have helped eight friends and coworkers open their own stores on Teachers Pay Teachers.

Persons: —, Becky Powell, they've, Jerome, Powell, Jerome —, You've, I've, It's, it's, Warren Buffett Organizations: CNBC, Pay Teachers, Teachers, Pay Locations: Beaverton , Oregon, AskMakeIt@cnbc.com

Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company, a person with knowledge of the talks said Tuesday night. Miriam Adelson is the controlling shareholder of Las Vegas Sands Corp., a publicly traded Las Vegas company that built the Venetian and Palazzo resorts but now only has casino operations in Macau and Singapore. Sheldon Adelson, the billionaire founder and owner of Las Vegas Sands, died in 2021 at 87. The family also owns Nevada’s largest newspaper, the Las Vegas Review-Journal. ___Associated Press writer Ken Ritter in Las Vegas contributed to this report.

Persons: Mark Cuban, Marc Stein, Miriam Adelson, Sheldon Adelson, Cuban, Dallas, Dirk Nowitzki, Adelson, Ken Ritter, ___ Organizations: Dallas Mavericks, NBA, Vegas Sands, Associated Press, Cuban, Sands, Mavericks, Las Vegas Sands Corp, Las Vegas, Securities and Exchange Commission, Miriam Adelson Trust, SEC, league’s, Governors, Republican, doesn't, Indiana University Locations: Texas, Las, Macau, Singapore, Las Vegas Sands, Cuban, Dallas, Las Vegas

☆ I made $181,000 in revenue last year from my Etsy store. I discovered what made my items sell and learned from 2 big mistakes.
▼ + stars: | 2023-11-28 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

I was an MRI technologist working in a hospital when I started my Etsy print-on-demand store. When my Etsy store started to take off, I felt like I finally had control over my life. That year I made $250,000 in revenue from my Etsy store. I spent money on Etsy ads to keep traffic coming to my store. I shouldn't have focused solely on adsI spent $5 a day on Etsy ads for a few weeks in 2021 and then stopped running ads until 2022.

Persons: Heather Johnson, I've, sweatshirt, I'd, didn't, should've, Sellers shouldn't Organizations: Business, LinkedIn, Adobe Locations: I'd

☆ Cannabis 'legalization is inevitable,' says policy analyst—what to know before you invest
▼ + stars: | 2023-11-28 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Cannabis stocks aren't the only ones that were riding high in early 2021. Those changes have yet to come on a federal level, and dimming enthusiasm from investors, among other factors, has led to a major slide in pot stocks. The AdvisorShares Pure US Cannabis ETF, which holds U.S.-based cannabis companies, currently trades for $6.80 a share, down from nearly $52 in February 2021. But for experts in the space, the question surrounding cannabis legalization (and a subsequent boom in the industry) isn't if, but when. "Legalization of cannabis is inevitable," says Jaret Seiberg, a policy analyst at TD Cowen.

Persons: Jaret Seiberg, Cowen, Brady Cobb, Mike Johnson's ascendency, Johnson, Cobb, Joe Biden, Jason Wild Organizations: Democratic, Cannabis ETF, Department of Health, Human Services, Bloomberg, HHS, Drug Enforcement Agency, JW Asset Management Locations: Ohio, Massachusetts

☆ Retailers Have Cleaned Up Their Inventories for the Holidays
▼ + stars: | 2023-11-27 | by ( Liz Young | ) www.wsj.com time to read: 1 min

Many retailers have spent much of the year working through the stockpiles from last year and now say they have cleaned up their distribution centers and their balance sheets. Photo: Scott Olson/Getty ImagesRetailers are heading into their most crucial sales period of the year with a very different inventory strategy than they undertook in 2022. Warehouses are no longer stuffed with merchandise and store shelves aren’t spilling over with discounted goods in hopes of luring wary consumers into last-minute sales. Instead, merchants from big-box retailers like Walmart and Target to more specialized sellers like Best Buy and Dick’s Sporting Goods have pared back their inventories while trying to focus their supply chains more tightly on products that shoppers want.

Persons: Scott Olson Organizations: Getty, Walmart, Target, Dick’s Sporting Goods

☆ How the $1.8 Billion Real-Estate Commissions Lawsuit Came to Be
▼ + stars: | 2023-11-26 | by ( Laura Kusisto | ) www.wsj.com time to read: 1 min

Many home buyers do more of the work today finding a property rather than leaving it to their real-estate agents. Photo: Mario Tama/Getty ImagesThe litigation that could end up changing how millions of Americans buy and sell homes was hiding in plain sight for three decades. The current set of rules governing how agents are paid, which effectively mean sellers are the ones who set compensation for buyer agents, date to the 1990s. Those rules have come under significant scrutiny, particularly as commissions have remained around 5% to 6% of the sale price even as home values have skyrocketed and many buyers do more of the work finding a home themselves online.

Persons: Mario Tama

Mortgage rates dropped significantly this month, with 30-year mortgage rates hovering right around 7% after spiking close to 8% in October. As the broader economy continues to normalize, mortgage rates should trend down even further, increasing affordability for borrowers. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: we'll, you'll, Fannie Mae Organizations: Mortgage Bankers Association, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year
▼ + stars: | 2023-11-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Black Friday's spending spike reflects a consumer who is more willing to spend than in 2022, when gas and food prices were painfully high. Pandya noted that impulse purchases may have played a role in the Black Friday growth since $5.3 billion of the online sales came from mobile shopping. A Mastercard analysis of this year's Black Friday sales found that in-store sales rose just over 1% versus online sales, which grew by over 8% compared to last year. Black Friday kept the momentum going from the day before on Thanksgiving when online sales totaled $5.6 billion, according to a prior Adobe analysis. The report forecasts that online shoppers will spend roughly $10 billion over the course of Saturday and Sunday, and a record $12 billion on Cyber Monday.

Persons: they're, Vivek Pandya, Pandya Organizations: Woodbury, Adobe Analytics, Adobe Digital, Adobe, Mastercard, Target Locations: Lacoste, Central Valley , New York, U.S

☆ What is fast fashion, and why is it so controversial?
▼ + stars: | 2023-11-24 | by ( Amaya Mcdonald | Taylor Nicioli | ) edition.cnn.com time to read: +7 min

But while cheap chic may seem like the way to go, the fast fashion industry sees clothing pushed out on a scale that is even too large for most consumers to keep up with. Why is fast fashion so popular? Fast fashion accounts for “quick designs, quick manufacturing, quick marketing, quick retailing — it doesn’t leave the time to consider these bigger needs, like ethical considerations or rights of workers,” Osnes said. “The planet is on fire, and the truth is the fashion industry aids in a percentage of that.”Is ‘sustainable fashion,’ a viable alternative? But shop responsibly… try to use your budget to buy one good quality item,” Arya said, instead of a glut of fast fashion basics.

Persons: CNN —, Preeti Arya, Vox, Shein, Jade Gao, Beth Osnes, ” Osnes, “ It’s, ”, Aja Barber, Technology’s Preeti Arya, Richard Levine, Arya, ” Arya Organizations: CNN, Fashion Institute of Technology, New York Times, Times, Shein, Getty, United Nations Environment Programme, Greenpeace, George Washington University . Apparel, University of Colorado, Fashion Institute, Technology’s, Thrift Locations: New York, United States, Paris, Zara, Singapore, China, Guangzhou, AFP, India, Bangladesh, Pakistan

Brokerage TD Cowen lowered its U.S. holiday spending estimate to 2% to 3% growth, from 4% to 5%, as it forecast flat Black Friday traffic. With many consumers squeezed by persistent inflation and high interest rates, U.S. holiday spending is expected to rise at the slowest pace in five years. A record 130.7 million people are expected to shop in stores and online in the U.S. on Black Friday this year, the National Retail Federation (NRF) estimates. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. Thanksgiving Day discounts online peaked at about 28% for toys, while electronics had discounts as steep as 27%, Adobe said.

Persons: Shannon Stapleton, Cowen, Theresa Forsberg, “ It’s, ”, Jill Lizzo, she’s, “, I’m, Lizzo, PwC, hasn’t, Naomi Ojomo, Jeff Gennette, Barbie, John Roberts, Apple AirPods, Bergdorf Goodman, Nordstrom, Oscar de, Katherine Masters, Arriana McLymore, Helen Reid, Mimosa Spencer, Corina Pons, James Davey, Siddharth Cavale, Arriana, Deboarh Sophia, David Gaffen, Miral Fahmy, Nick Zieminski, Frances Kerry Organizations: Black, REUTERS, Shoppers, National Retail Federation, Insider Intelligence, Barclays, Macy's, Adobe Analytics, Adobe, Walmart, Argos, PlayStation, Apple, Thomson Locations: Westbury , New York, U.S, RALEIGH, N.C, New Milford , Connecticut, . U.S, Harlem, Manhattan, France, Italy, Spain, Zara, Canary Wharf, London, British, Paris, Madrid, New York, Raleigh , North Carolina, Bengaluru

☆ Fake Guns and 500-Pound Boars: The Strangest Things Home Sellers Have Left Behind
▼ + stars: | 2023-11-24 | by ( Robyn A. Friedman | ) www.wsj.com time to read: +3 min

Q: What’s the strangest thing a seller has ever left behind after closing? In 2014, I was working with some buyers who wanted to live on a working farmoff the grid. The sellers had 16 horses, 25 chickens, threegoats, a huge potbellied pig and a Russian boar named Kevin. Aswe got closer to closing, the sellers were panicking because Kevin had escapedhis pen and was running loose on the property. We didn’t learn it wasn’t real until I called the sellers to tell them they left something behind.

Persons: Mary Aronoff, Douglas, Kevin, —, Abby Nelson, Realty, ‘, ’ Organizations: Cleveland National Locations: San Diego, Calif, Descanso, Russian, Fla, Florida

☆ New homeowners are fleeing their pandemic-era digs to be closer to the office, report says
▼ + stars: | 2023-11-24 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Large employers like Apple, Google, and Tesla are calling employees back to the office. NEW LOOK 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 . About 10% of US house sellers are looking to move specifically because of policies about working in the office, according to a September report by Redfin cited by the Journal. But it's also a boom for city housing markets, which was once sluggish thanks to high interest rates.

Persons: Tesla, —, Redfin, Elon Musk, it's Organizations: Apple, Google, Service, Wall Street, Journal, SpaceX, Elon Locations: U.S, New York, San Francisco, Austin

☆ Thanksgiving Day online sales jump as discounts motivate holiday shoppers
▼ + stars: | 2023-11-24 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Online spending on Thanksgiving Day jumped 5.5% compared to a year ago, according to Adobe Analytics, a reflection of holiday shoppers who are buying more of their gifts online and responding to discounts. It does not cover in-store purchases, where the majority of U.S. holiday purchases still take place. And shoppers responded: Online purchases of toys shot up 182% compared to average daily sales in October. Jewelry sales rose 126%, apparel rose 124% and personal care products rose 67%. Mobile shopping played a big role in Thanksgiving sales, with nearly 60% of sales coming through a mobile device — an all-time record for Thanksgiving, Adobe said.

Persons: That's, it's, Mario, Adobe Organizations: Adobe Analytics, National, Target, Disney, Adobe, Marvel, Mobile Locations: U.S

☆ Retailers hope to draw picky Black Friday shoppers to stores
▼ + stars: | 2023-11-24 | by ( Katherine Masters | ) www.reuters.com time to read: +5 min

Originally known for crowds lining up at big-box stores in the U.S., Black Friday has moved online and gone global. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. On average, shoppers in France expected to spend 295 euros ($322) on Black Friday, the survey found. Most U.S. stores were closed on Thanksgiving but opened to shoppers at 5 a.m. or 6 a.m. on Friday. In post-earnings calls this week, retailers from Kohl's (KSS.N) to Nordstrom (JWN.N) told investors they had invested in jackets, cashmere sweaters and Ugg boots to lure Christmas shoppers after an unseasonably warm October.

Persons: Shannon Stapleton, Jessica Ramirez, Jane Hali, Jeff Gennette, Mari Shor, Bergdorf Goodman, Nordstrom, Oscar de, ” Nordstrom, Pete Nordstrom, Katie Wyle, Katherine Masters, Mimosa Spencer, Helen Reid, James Davey, Josie Kao, Miral Fahmy, Frances Kerry Organizations: Black, REUTERS, Retailers, Associates, National Retail Federation, Insider Intelligence, Barclays, Macy's, The New York Police, Nordstrom, Walmart, Columbia Threadneedle Investments, Westfield, Thomson Locations: Westbury , New York, U.S, Europe, France, Italy, Spain, Amazon, Israel, New York City, Kohl's, Mall, Britain, Westfield, Paris, London

☆ It's TikTok Shop's first Christmas, and shoppers are torn between hot deals and ethics
▼ + stars: | 2023-11-24 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +4 min

TikTok has officially launched its e-commerce service TikTok Shop in the US. The platform introduced TikTok Shop in the U.S. in September as an in-app shopping experience, capitalizing on the #TikTokMadeMeBuyIt trend. Though TikTok Shop previously faced backlash and was forced to shut down in Indonesia, consumers are increasingly trending toward buying off of social media. And 86% of Gen Z shoppers say social media influences their shopping habits, according to an ICSC report. One of those TikTok Shop enthusiasts is 29-year-old Chuck Vaughn, who called the TikTok Shop phenomenon "a gold rush."

Persons: TikTok, Pew Research Center –, Chuck Vaughn, Vaughn, he's, hashtag, Ant Duffin, Duffin Organizations: Nurphoto, Getty, Consumers, Gallup, Pew Research Center, Tennessee, CNBC, Social, U.S . Department of Commerce, Gartner Locations: U.S, Indonesia

☆ Home prices are poised to drop as the frozen housing market thaws, 2 top experts say
▼ + stars: | 2023-11-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Price drops may be needed to thaw the housing market, which could take years, Zandi said. Kelman expects home prices to drop next year, as listings are up and sellers are cutting prices. AdvertisementHouse prices may be headed lower, dealing a blow to sellers but providing relief to buyers, two experts say. The housing market ground to a halt this year, as the Federal Reserve's inflation-fighting hikes to interest rates have boosted mortgage rates to two-decade highs. "I don't expect the housing market to come roaring back here, certainly not in 2024," he said.

Persons: Mark Zandi, Glenn Kelman, Price, Zandi, Kelman, —, Morgan Stanley's, there's, we've, Redfin's Kelman Organizations: Service, Yahoo Finance, Fox

☆ Safi just raised $19.5 million for its B2B recycling marketplace. We got an exclusive look at the pitch memo it used to secure the funds.
▼ + stars: | 2023-11-24 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A London-based startup using AI to increase recycling rates has just raised a $19.5 million Series A funding round. Safi, which was founded in 2021, has built a B2B marketplace for trading recyclable materials such as plastic, paper, and metal. Only then will buyers move to use recycled materials whenever possible, he added. Using recycled material to make things creates significantly lower greenhouse gas emissions versus virgin sources, Stocker noted. That's thanks in part to pressure from manufacturers, consumers, and policymakers to use more recycled material, Stocker said.

Persons: Rishi Stocker, Revolut, Stocker, Safi Organizations: Business, Europe –, Italy –, Nosara, Lowercarbon Capital Locations: London, WhatsApp, Europe, Greece, Spain, Portugal, Italy, India

They rarely go on sale, so when we occasionally find a great Black Friday deal, we jump on it. Right now, Blue Mercury is offering 20% off purchases of $200 or more, which puts our favorite SkinCeuticals products like the C E Ferulic Serum at $146 today, down from $182, if you add just $18 more to your cart. The best Black Friday sales on SkinCeuticals productsWhile SkinCeuticals doesn't host its own Black Friday sale, it sometimes offers exclusive discounts on sets and products do go on sale at other retailers as part of their promotions. Our editors' picks for the best SkinCeuticals productsOur team of beauty editors has tried a few of the top-selling products from SkinCeuticals, and we've never been let down by the brands' formulas. The SkinCeuticals Hyaluronic Acid Intensifier was named the top pick in our best hyaluronic acid serum guide because of its potent pure hyaluronic acid formula made with licorice root extract that helps to retain the moisture pulled to the skin.

Persons: Sheldon Pinnell, we've, she'd Organizations: Triple

☆ London’s Luxury Home Market Has Been Dragging for Years. These Sellers Are Diving in Anyway.
▼ + stars: | 2023-11-23 | by ( Ruth Bloomfield | ) www.wsj.com time to read: 1 min

Lesley and Johan Denekamp are keenly aware that now isn’t a great time to be selling real estate in central London. Nonetheless, in September, they went ahead and listed their 3,800-square-foot townhouse with Knight Frank, for $5 million. The couple are sick of waiting, having already sat out Brexit and the pandemic. “We don’t think we are going to live forever, and four million pounds is a lot of money to have tied up in a house we don’t really need,” said Johan Denekamp.

Persons: Lesley, Johan Denekamp, Knight Frank, ” Locations: London

☆ London’s Luxury Home Market Has Been Dragging for Years. These Sellers Are Diving In Anyway.
▼ + stars: | 2023-11-23 | by ( Ruth Bloomfield | ) www.wsj.com time to read: 1 min

Persons: Lesley, Johan Denekamp, Knight Frank, ” Locations: London

☆ London’s Luxury Home Market Has Been Dragging for Years. These Sellers Are Diving in Anyway
▼ + stars: | 2023-11-23 | by ( Ruth Bloomfield | ) www.wsj.com time to read: 1 min

Persons: Lesley, Johan Denekamp, Knight Frank, ” Locations: London

Vacuum maker Dyson has in recent years tied up with eBay UK to sell officially refurbished products at a hefty discount to the price of new ones. Some 23% of consumers globally say they are buying more second-hand products, according to the EY Future Consumer Index, a survey of 22,000 consumers published earlier this month. "I found a waistcoat for my dad in a charity shop in Peckham the other day – I saw it and I thought I have to get it, he's going to love it," Baker said as she browsed in a Crisis charity shop in Camberwell, south-east London. In the fourth quarter of last year, sales in UK charity shops grew by 8.6% compared the previous year, according to the Charity Retail Association. Lesley Wright, a volunteer at an Oxfam shop in Brighton, England, is gearing up for her "busiest-ever" holiday season.

Persons: Eve Williams, Dyson, Lorna Fallon, Lucy Baker, Baker, Lesley Wright, Wright, Richa Naidu, Helen Reid, Matt Scuffham, Elaine Hardcastle Organizations: eBay Inc, Oxfam, Apple, eBay, Dyson, Regent, Sustainability, Charity Retail Association, Reuters, Thomson Locations: British, London, Peckham, Camberwell, Brighton , England

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