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☆ A Major Part of Biden’s Student Loan Repayment Plan Is Restored
▼ + stars: | 2024-07-01 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Major components of President Biden’s student loan repayment plan can continue to operate as lawsuits challenging it wind through the legal system, a federal appellate court ruled on Sunday. That frees the administration to cut certain borrowers’ payments by as much as half, a benefit that had been previously scheduled but blocked. The order, from the U.S. Court of Appeals for the 10th Circuit in Denver, is the latest twist in a saga that began to unfold last week after two federal judges temporarily suspended parts of the plan known as SAVE. That program, which has about eight million enrollees, ties borrowers’ monthly payment amounts to their income and household size. The judge in Missouri blocked new debt cancellation through the SAVE program, though legal experts initially said it wasn’t clear how widely that ruling should be interpreted.

Persons: Biden’s Organizations: U.S ., Appeals, Circuit, Republican, SAVE Locations: Denver, Kansas, Missouri

☆ Sizzling out? As peak barbecue season begins, fewer Americans are buying grills
▼ + stars: | 2024-06-30 | by ( Erika Tulfo | ) edition.cnn.com time to read: +9 min

Lockdown was a grill (seller)’s best friendIt’s not a result of Americans cooking outside on grills less. Roy Morchian, owner of American Royal Hardware in Montclair, New Jersey, says grill sales have returned to pre-pandemic levels at the local True Value franchise. Downey sees Home Depot’s grill sales stabilizing now following the lockdown-driven high. Weber Grills are offered for sale at a home improvement store on July 23, 2021 in Palatine, Illinois. Traeger Grills holds demos and activations at Home Depot, Ace Hardware, and specialty retailers across the country.

Persons: Weber, ”, Brian Bushfield, It’s, Roy Morchian, Paul Glader, Joe Downey, Jessica Hernandez, ” Corey Martin, Traeger’s, Covid, ” Martin, Downey, Scott Olson, Jeremy Andrus, Simeon Siegel, they’re, “, Price, Shikhiu Ing, fryer, Andrus, Ayla Dunkley, Dunkley Organizations: CNN, West, Barbecue Association, American, Hardware, Depot Senior Merchant, CNN San Diego Grill, Texas, Grill, Downey, Getty, Weber, Rewards, Depot, BMO Capital Markets, US Department of Agriculture, “, ”, American Farm Bureau Federation Locations: Traqline, San Diego , California, Covid, Montclair , New Jersey, Montclair , NJ, Houston, Palatine , Illinois, Bloomfield , New Jersey, Newark , New Jersey, Pennsylvania

☆ Nike is struggling to get its stride back
▼ + stars: | 2024-06-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

One answer rests in what the company calls its "lifestyle" business — basically, shoes and clothing meant for casual wear. Related storiesWhile revenue from performance products grew in Q4, declines in its lifestyle business overshadowed them, contributing to the worse-than-expected results. AdvertisementIn its last fiscal year, lifestyle products have grown to about 60% of Nike's business, UBS analyst Jay Sole estimates. "One of our big takeaways from Nike's 4Q report is its lifestyle business needs a major reset," Sole said. While CFO Friend said management is "confident that we are repositioning Nike to be more competitive," investors have yet to be convinced.

Persons: —, Matthew Friend, Friend, John Donahue, Jay Sole, Donahue, Jefferies, Randal Konik, Simeon Siegel, we're Organizations: Service, Business, Nike, Reuters, UBS, Nike's, Street, BMO Locations: China, Portland, Nike's

☆ SCOTUS seems determined to dismantle the administrative state. It will make regulating major industries tougher.
▼ + stars: | 2024-06-28 | by ( Natalie Musumeci | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Then, according to Hockett, the case would be heard by an administrative court. Straight to federal court. "These two rulings largely amputate the two most important arms that our regulatory agencies use every day in overseeing our industrial economy," Hockett said. AdvertisementIn overturning the Chevron doctrine in a 6-3 decision, the high court has hamstrung federal agencies' regulatory powers. Panuccio said that he supported the decisions and called them "important checks on administrative power."

Persons: —, Elena Kagan, Robert Hockett, SCOTUS, Friday's, Hockett, John Roberts, Roberts, Jonathan Siegel, Siegel, Jarkesy, It's, Rachel Weintraub, Weintraub, Jesse Panuccio, Trump, Panuccio Organizations: Service, United States, Securities, Exchange, Business, Cornell University, Environmental Protection Agency, EPA, Chevron, Natural Resources Defense Council, SEC, George Washington University, Coalition, Sensible Locations: North America

☆ Fed should 'tee up' rate cuts next meeting, says Wharton's Jeremy Siegel
▼ + stars: | 2024-06-28 | 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 EmailFed should 'tee up' rate cuts next meeting, says Wharton's Jeremy SiegelJeremy Siegel, The Wharton School professor emeritus of finance and Wisdom Tree chief economist, joins 'Squawk on the Street' to discuss markets, the presidential debate, the Fed's subsequent decisions, and more

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: The Wharton

☆ Summer camps are cracking down on 'Sephora kids' by banning luxury skincare products
▼ + stars: | 2024-06-28 | by ( Anna Silman | ) www.businessinsider.com time to read: +8 min

Kagan said all the kids kept asking, "Can I bring my Sephora?" Related storiesBryn Mawr has become one of several ritzy sleepaway camps — including Camp Mataponi in Maine and Tyler Hill Camp in Pennsylvania — that have sent letters discouraging or explicitly banning luxury skincare products. AdvertisementJane Kagan, left, said she knew she had a problem when fourth and fifth graders were asking her about bringing their many skincare products to camp. Tali Shustik, whose 9-year-old daughter, Jett, attends Tyler Hill, said she was "thrilled" when she got the email from Siegel discouraging beauty products at camp. While Tyler Hill hasn't enacted an all-out ban, it allows campers to bring only the products they use regularly.

Persons: Jane Kagan, she's, Kagan, Stanley quenchers, Bryn Mawr, Camp Mataponi, Tyler, who's, Bryn Mawr's, Poconos, Wendy Siegel, Tyler Hill, Tali Shustik, Jett, Siegel, retinol, Shustik, I've, Rebekah Kondrat, she'd, Stanley, Kondrat, Mario Badescu, Jessica Newman, Scatico, Newman, Tyler Hill hasn't, glumly, Tali Shustik Rebecca Waxman Wuhl, Camp Canadensis, nonessential, Charlie, Ontario hadn't, I'm, Sol, It's, Dave Benett, pushback Organizations: Somerset Camp, Girls Locations: Bryn Mawr, Pennsylvania, Maine, Boca Raton , Florida, New York, Hudson, Florida, Philadelphia, Toronto, Ontario, Janeiro, Byoma

☆ Student Loan Payments Paused for 3 Million in SAVE Program
▼ + stars: | 2024-06-28 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Roughly three million borrowers with federal student loans will see their monthly payments paused in the coming days, as the Biden administration tries to recalculate their bills to comply with a federal court order in Kansas. The recalculations are necessary because key parts of President Biden’s new student loan repayment program, SAVE, were temporarily blocked by two federal judges on Monday, just a week before many borrowers’ payments were scheduled to be reduced by as much as half. The judges, in Kansas and Missouri, issued separate preliminary injunctions this week, leaving the SAVE plan’s eight million enrollees in limbo until lawsuits, filed in the spring by two groups of Republican-led states seeking to topple the program, are resolved. The Justice Department recently filed a request on behalf of the Education Department to stop the Kansas injunction. “If the injunction takes effect,” the filing said, “it will inflict irreparable harm on the federal government in the form of unrecoverable disruption costs and create extraordinary confusion and chaos for borrowers.”

Persons: Biden’s, ” Organizations: Biden, Republican, Justice Department, Education Department Locations: Kansas, Kansas and Missouri

☆ Judges Upended Biden’s Student Loan Repayment Plan. What Happens Now?
▼ + stars: | 2024-06-26 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

President Biden’s new student loan repayment plan was hobbled on Monday after two federal judges in Kansas and Missouri issued separate rulings that temporarily blocked some of the plan’s benefits, leaving questions about its fate. That means the Biden administration cannot reduce borrowers’ monthly bills by as much as half starting July 1, as had been scheduled, and it must pause debt forgiveness to SAVE enrollees. The administration has canceled $5.5 billion in debt for more than 414,000 borrowers through the plan, which opened in August. If you’re among the eight million borrowers making payments through SAVE — the Saving on a Valuable Education plan — you probably have many questions. Here’s what we know so far, though the Education Department has yet to release its official guidance.

Persons: Biden’s, Biden Organizations: Republican, Education Department Locations: Kansas, Missouri

On Today’s Episode:Assange Agrees to Plead Guilty in Exchange for Release, Ending Standoff With U.S., by Glenn Thrush and Megan Specia4 Scenarios for Next Phase in Gaza War, With ‘Intense’ Fighting Set to End, by Patrick KingsleyIsrael’s Supreme Court Rules the Military Must Draft Ultra-Orthodox Jews, by Aaron BoxermanSurgeon General Declares Gun Violence a Public Health Crisis, by Ellen BarryJudges Block Parts of Biden’s Student Loan Repayment Plan, by Tara Siegel Bernard and Zach Montague

Persons: Assange, Glenn Thrush, Megan Specia, Patrick Kingsley Israel’s, Aaron Boxerman, Ellen Barry, Tara Siegel Bernard, Zach Montague Organizations: U.S Locations: Gaza

☆ Judges Block Parts of Biden’s Student Loan Repayment Plan
▼ + stars: | 2024-06-24 | by ( Tara Siegel Bernard | Zach Montague | ) www.nytimes.com time to read: +1 min

Two federal judges in Kansas and Missouri temporarily blocked pieces of the Biden administration’s new student loan repayment plan on Monday in rulings that will have implications for millions of federal borrowers. Borrowers enrolled in the income-driven repayment plan, known as SAVE, are expected to continue to make payments. The separate preliminary injunctions on Monday are tied to lawsuits filed this year by two groups of Republican-led states seeking to upend the SAVE program, a centerpiece of President Biden’s agenda to provide relief to student borrowers. Many of the program’s challengers are the same ones that filed suit against Mr. Biden’s $400 million debt-cancellation plan, which the Supreme Court struck down last June. “It’s a pretty cynical ploy in an election year to stop the current president from being able to lower prices for working and middle-class Americans.”

Persons: Biden’s, “, Biden, ”, Abby Shafroth Organizations: Biden, Republican, National Consumer Law Locations: Kansas, Missouri

☆ The tech momentum trade that's pushing stocks to records can last a lot longer, Jeremy Siegel says
▼ + stars: | 2024-06-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The tech momentum trade driving market gains is likely to continue, says WisdomTree's Jeremy Siegel. AdvertisementThe tech momentum trade that has powered the stock market higher over the past year-and-a-half is likely to continue on for a lot longer than most expect, according to WisdomTree economist Jeremy Siegel. "I think that momentum trade on the tech and AI-related is still there. It takes a lot of bad news to break a momentum trade and we just haven't gotten it," Siegel said. "My forecast for three to five years on the entire stock market is 5% after inflation rate of returns.

Persons: WisdomTree's Jeremy Siegel, Siegel, —, Jeremy Siegel, Carson Group's, Wharton …, overvalued Organizations: Service, CNBC, Nvidia, Broadcom, it's

☆ Jerry West, NBA legend, dies at age 86
▼ + stars: | 2024-06-12 | by ( David K. Li | ) www.cnbc.com time to read: +4 min

"On behalf of the NBA, we send our deepest condolences to Jerry's wife, Karen, his family and his many friends in the NBA community." "Jerry West, the personification of basketball excellence and a friend to all who knew him, passed away peacefully this morning at the age of 86," according to a statement by the Clippers. NBA legend Jerry West, whose prolific playing career landed him on the league's logo and basketball savvy led to multiple championships, has died, the Los Angeles Clippers said in a statement Wednesday. Jerry West drives up the middle and scores in 1st period of Laker 127-120 win over Bullets. NBA Legend Jerry West poses for the media with the Larry O'Brien Trophy which is being delivered by Southwest Airlines' Slam Dunk One to the Finals city the day prior to Game 3 of the NBA Finals on June 9, 2008 at Los Angeles International Airport in Los Angeles, California.

Persons: Jerry West, Jerry, Silver, Jerry's, Karen, Larry O'Brien, Alan Siegel, Dick Schaap, Siegel, West, I've, Rich Eisen Organizations: LA Clippers, Clippers, Memphis Grizzlies, League, Thomas & Mack Center, NBA, Los Angeles Clippers, Laker, Bullets, West, Lakers, Naismith, Basketball Hall of Fame, University of West, Los Angeles Lakers, Southwest Airlines, Los Angeles International Airport, Showtime, NBA.com Locations: Las Vegas , Nevada, University of West Virginia, Los Angeles , California, West Virginia

☆ Did Jerry West Inspire the N.B.A.’s Logo? ‘There Was Never Any Doubt.’
▼ + stars: | 2024-06-12 | by ( Benjamin Hoffman | More About Benjamin Hoffman | ) www.nytimes.com time to read: +1 min

Shortly after the announcement that Jerry West, the Hall of Fame basketball player and executive, had died at age 86 on Wednesday, the N.B.A. emailed a statement to the news media from Adam Silver, the league’s commissioner, extolling the virtues of Mr. West as “a basketball genius” who contributed to every facet of the league over a period of more than 60 years. Just above the statement was an image of the league’s iconic logo: A rounded rectangle, blue on one side, red on the other, with a white silhouette of a player dribbling up the middle. In keeping with one of the league’s oddest traditions, no acknowledgment was made that the man dribbling at the top of the statement was, in fact, Mr. West. hired Alan Siegel — the branding expert who created Major League Baseball’s logo — to create a logo for the league in 1969 and he based the image off a photograph of Mr. West, who was a star player for the Los Angeles Lakers at the time.

Persons: Jerry West, Adam Silver, ”, Alan Siegel Organizations: of Fame, Los Angeles Lakers

Biden administration officials have discussed potentially negotiating a unilateral deal with Hamas to secure the release of five Americans being held hostage in Gaza if current cease-fire talks involving Israel fail, according to two current senior U.S. officials and two former senior U.S. officials. The Biden administration has said it believes Hamas is holding five American hostages who were abducted during the Oct. 7 terrorist attack on Israel. The officials did not know what the U.S. might give Hamas in exchange for the release of American hostages. Earlier this week, Israeli officials estimated that some 120 hostages are still being held by Hamas and that 43 of them have died in captivity. Over the weekend, four Israeli hostages kidnapped from the Nova music festival were rescued in an operation conducted by the Israel Defense Forces.

Persons: Biden, Israel, Benjamin Netanyahu, Netanyahu, Alexander, Sagui Dekel, Chen, Hersh Goldberg, Polin, Omer Neutra, Keith Siegel, Itay Chen, Judy Weinstein, Gad Haggai, Antony Blinken, Jake Sullivan, Bill Burns, Brett McGurk Organizations: Hamas, U.S, Qatari interlocutors, White, Nova, Israel Defense Forces, NBC News, National, CIA Locations: Gaza, New York City , New York, Israel, Qatari, U.S

☆ Housing prices regulating should bring inflation closer to Fed's target: Wharton's Jeremy Siegel
▼ + stars: | 2024-06-07 | 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 EmailHousing prices regulating should bring inflation closer to Fed's target: Wharton's Jeremy SiegelJeremy Siegel, Wharton professor emeritus of finance, joins 'Closing Bell Overtime' to talk the May jobs report, the state of the U.S. economy and more.

Persons: Jeremy Siegel Jeremy Siegel, Wharton Locations: U.S

☆ Lululemon is 'bottom-of-the-pack' in retail for Q1, says BMO's Simeon Siegel
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLululemon is 'bottom-of-the-pack' in retail for Q1, says BMO's Simeon SiegelSimeon Siegel, managing director of BMO Capital Markets, joins CNBC's 'The Exchange' to discuss outlooks on Lululemon, retail stocks, and more.

Persons: BMO's Simeon Siegel Simeon Siegel Organizations: BMO Capital Markets

☆ When a Bank Rescinds a Job Offer Because It Canceled Your Credit Cards
▼ + stars: | 2024-06-06 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

Customers would get a call from the bank, or their A.T.M. cards would stop working and then their credit cards would freeze as well. One question that lingered was what the long-term ramifications would be for those whose accounts were closed. Thankfully, people who had experienced this usually weren’t blacklisted from opening accounts at other banks, even if their former bank told them that it would never take them back. But what if you tried to work at a bank that had kicked you out?

Persons: Tara Siegel Bernard, JPMorgan Chase, Mansoor Shams Organizations: JPMorgan, Marine, Apple Locations: Baltimore

☆ ‘I’ll Be Strong for You.’ A Former Hostage Awaits Her Husband’s Release.
▼ + stars: | 2024-05-29 | by ( Nadav Gavrielov | ) www.nytimes.com time to read: +1 min

When Hamas released video last month of Keith Siegel, an American-Israeli hostage held in Gaza, it was the first sign in months that he was still alive. Ms. Siegel, 63, was held captive with her husband until late November, when she was one of 105 hostages released as part of a cease-fire deal. They were taken from their home at Kibbutz Kfar Azza on Oct. 7 during the Hamas-led attacks on Israel. Nearly eight months into the war, the families of hostages have grown increasingly alarmed. Mr. Siegel, who is 65, has a medical condition, and Israeli soldiers have recently recovered the remains of several hostages in Gaza.

Persons: Keith Siegel, Aviva Siegel, couldn’t, Ms, Siegel, António Guterres, Mr, ”, “ Organizations: United Nations, Kibbutz Kfar Locations: American, Gaza, New York, Kibbutz Kfar Azza, Israel, Qatar, Egypt, United States

☆ Live Updates: Closing Arguments to Begin in Trump Criminal Trial
▼ + stars: | 2024-05-28 | by ( Jonah E. Bromwich | Ben Protess | ) www.nytimes.com time to read: +15 min

The defense did not call Mr. Weisselberg either, nor did Mr. Trump take the stand in his own defense. And for weeks, Mr. Weisselberg’s absence has loomed large over Mr. Trump’s case, the first criminal trial of an American president. And when Mr. Trump was sworn in as president in 2017, he entrusted Mr. Weisselberg, along with Donald Trump Jr. and Eric Trump, with running his company. Mr. Trump, Mr. Cohen told the jury, “approved” of the arrangement and knew that they would falsify records to cover it up. Over the course of their decades together, Mr. Cohen knew, Mr. Trump and Mr. Weisselberg had become more or less symbiotic.

Persons: Donald J, Allen Weisselberg, Trump, Michael D, Cohen, Allen H, Weisselberg, Trump’s moneyman, Trump’s, lucre —, Eduardo Munoz, Stormy Daniels, Weisselberg’s, beholden, ” Emil Bove, Juan M, Justice Merchan, “, Evan Vucci, Fred Trump, Donald Trump, Donald Trump Jr, Eric Trump, ” Mr, ” “, Mr, Jefferson Siegel, —, Arthur F, Engoron, Justice Engoron, ”, ‘ Frick, Frack, Cohen’s, Daniels, Susan Hoffinger, Todd Blanche, Dave Sanders, Blanche, Kate Christobek Organizations: Prosecutors, New York Times, Trump, Mr, Reuters, Manhattan, Trump Organization, “ Trump, New, The New York Times, The Trump Organization, Credit, Frick Locations: Washington, New York, Trump, Manhattan, Brooklyn, Queens, York, tatters

☆ A Rare Glimpse Inside an Abandoned Ellis Island From 1974. - The New York Times
▼ + stars: | 2024-05-28 | by ( Phil Buehler | Steve Siegel | ) www.nytimes.com time to read: +2 min

To two teenagers from New Jersey, Ellis Island was a forbidden mystery that was tantalizingly close to shore, so we began venturing to the island in a tiny rowboat with a 16-millimeter camera. In the film, they vividly recalled the dizzying experience of arriving and of seeing New York City for the first time. Their brief stay on Ellis Island became the fulcrum — the literal pivot point — of their lives. Today, revisiting our film about the historic role of Ellis Island raises profound questions about the country’s current immigration policies. The stories of those who long ago passed through Ellis Island may suggest an answer to this question.

Persons: Ellis, Emma Lazarus’s Locations: New York Harbor, United States, Manhattan, New Jersey, New York City, Ellis

☆ Off-price retailers like TJX and Ross won't be slowing down any time soon — here's why
▼ + stars: | 2024-05-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Mario Anzuoni | ReutersOff-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it's not just because consumers are under pressure and hunting for value. TJX and Ross both reported fiscal first quarter earnings last week that came in better than Wall Street expected, even as both companies lapped outsize growth from the prior-year period. Ross, which runs Ross Dress for Less and dd's Discounts, posted an 8% jump in sales, bringing revenue to $4.86 billion, compared to estimates of $4.83 billion, according to LSEG. "That's because they're providing consistent value to the consumer – and that's branded consistent value to the consumer at a discount price," said Roach. The dynamic is a bit different at Ross, which has more exposure to the lower- and middle-income consumer than TJX does and competes more on price, said Siegel.

Persons: Mario Anzuoni, Ross, it's, TJ Maxx, they've, Jessica Ramirez, Jane Hali, TJX, they'd, They've, Goldman Sachs, Brooke Roach, John Klinger, Michael Hartshorn, Roach, Simeon Siegel, Siegel, Ernie Herrman Organizations: Maxx, Reuters, TJX, Associates, Wall, Marshalls, CNBC, Walmart, BMO Capital Markets, Brands Locations: Pasadena , California, Homegoods, Ross

☆ Getting Started With Savings
▼ + stars: | 2024-05-17 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Financial Boot Camp for 20-Somethings: Day 5 of 5It’s time to get your money in order. When you’re in your 20s, retirement seems so abstract, it might as well be thousands of years away. Getting started early for retirement is smart for the same reasons you may want to put it off: Time is on your side. If you set aside what you can now, the magic of compounding numbers — when you begin to earn interest on interest — can do more of the heavy lifting over time. In other words, saving early may result in having to save less over the long haul, which will take some pressure off as you’re juggling other demands that inevitably arise.

☆ Jobseekers and Recruiters Are Both Using AI in Hiring. It's Chaos.
▼ + stars: | 2024-05-16 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +11 min

They can now add AI recruiting systems to that pile. It turns hiring into a depersonalized process, it inundates hiring managers, and it reinforces weaknesses in the system it's designed to improve. AI is supposed to fix this mess, saving companies time and money by outsourcing even more of the hiring process to machine-learning algorithms. Platforms like LinkedIn and ZipRecruiter have started using generative AI to offer candidates personalized job recommendations and let recruiters generate listings in seconds. Several seasoned recruiters told me they hadn't incorporated AI into their workflow beyond auto-generating job descriptions and summarizing candidate calls.

Persons: Josh Holbrook, Holbrook, I've, Rik Mistry, Ian Siegel, —, ZipRecruiter, weren't, it's, Tatiana Becker, Becker, Pallavi Sinha, Sinha, Kerry McInerney, Danielle Caldwell, chatbot, Caldwell, Mclnerney, Peter Laughter, who's, Bonnie Dilber, Dilber, Aki Ito, Sandra Wachter, Wachter, David Francis Organizations: Business, Society for Human Resource Management, LinkedIn, Unilever, Google, BI, Microsoft, University of Cambridge, University of Sussex, Berkeley Haas Center for Equity, Gender, Leadership, Black, University of Oxford, IBM, Talent Tech Labs Locations: Alaska, HireVue, Humanly, Portland , Oregon, Zapier

☆ Peloton's demise is another in a long line of failed fitness fads
▼ + stars: | 2024-05-15 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

Peloton isn't going under imminently, but let's be real here: No fitness fad lasts forever. While there was a lot that went wrong, the long and short of it is that Peloton failed to read the room on its pandemic popularity. "It's not that Peloton isn't a good business model; it's that it simply isn't a mass product but more of a niche, luxe one," she said. Investors have soured on the company, and Peloton's once $50 billion market cap has fallen to under $2 billion. It also has to contend with the gym, which has all sorts of classes and fitness equipment that let people mix things up, including, in many cases, Pelotons or other connected-fitness devices.

Persons: I've, Tae, monthslong, Rina Raphael, Simeon Siegel, It's, That's, Siegel, Paul Golding, it's, Golding, there's, Raphael, Natalia Mehlman Petrzela, Emily Stewart Organizations: Private, BMO Capital Markets, Macquarie Capital, Google, YouTube, New School, Facebook, Business Locations: COVID, unsubscribing, Barre, America

☆ Meeting Yourself Where You’re At
▼ + stars: | 2024-05-14 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

If you’re already in the work force, we have you covered. But no matter what situation you’re in, here’s the most important piece of advice: Ask for help. You’re not alone in your confusion, and there is no shame in raising your hand and asking a question (or 20). If You’re Already WorkingYour salary is your salary, at least for now. This will make it easier to ask for a raise, something my colleague, Tara Siegel Bernard, has written about in the past.

Persons: you’re, We’ve, You’re, you’ve, Tara Siegel Bernard

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