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☆ Old Navy’s response to slumping sales: More pockets
▼ + stars: | 2023-04-04 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Old Navy, known for its low-priced basic and trendy seasonal clothing, has adopted an interesting sartorial tactic amid sinking sales. The new dress styles with pockets rolled out into Old Navy stores this month and the retailer said it will also increase the number of summer dresses with pockets. As such, it is a good move for Old Navy to add them,” said Neil Saunders, retail industry analyst and managing director of GlobalData. Old NavyOld Navy’s fourth-quarter sales fell 6% over the previous year, while sales at its stores open at least a year fell 7%. Specifically, Old Navy and Gap brands both said shoppers were pulling back their spending on babies’ and kids’ items.

☆ Inclusive Capital's Ubben named to Vistry board as homebuilder looks to leverage recent acquisition
▼ + stars: | 2023-03-25 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

As a pioneering activist ESG investor (AESG), Inclusive seeks long-term shareholder value through active partnership with companies whose core businesses contribute solutions to this pursuit. Their primary focus is on environmental and social value creation, which leads to shareholder value creation. They build communities that are mixed tenure, placing affordable housing among open market homes, retail stores, etc. This model has the benefits of a secular shift to affordable housing and is capex light since they do not have to acquire the land. But, in this case the community benefits align so perfectly with the company growth prospects – topline company growth means more affordable housing.

☆ Amazon’s head of HR rejects employees’ return-to-office petition
▼ + stars: | 2023-03-24 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Beth Galetti, the company's HR head, formally responded to a letter that gathered ~30,000 employee signatures. Galetti wrote in her email that Amazon's guiding principle is to "make our customers' lives better and easier every day." My colleague Eugene Kim obtained Galetti's full email and walks us through how Amazon employees feel about the response. In other news:MSCHF's Tax Heaven 3000 dating simulator is supposed to help you prepare your 2022 US federal tax return. Carta offers popular software to help employees manage their equity.

☆ Piper Sandler did a deep analysis of banks and says these are the ones to buy on the dip
▼ + stars: | 2023-03-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The repercussions from the ongoing banking crisis will take some time to play out, but Piper Sandler has names for investors to start sorting through among the wreckage. Even so, banks are dealing with tightening lending standards and rising costs that will continue to weigh on the sector. Still, some banks with strong deposit and liquidity characteristics can help investors find safe harbor, according to Piper Sandler. Here are three overweight-rated, mid-cap bank stocks that Piper Sandler highlighted: The analysts named SouthState Corporation to their list, saying they have confidence in the bank's ability to outperform peers because of its "strong low-cost, core deposit base." First Interstate BancSystem was named to the list because of its lower cost deposit base, its relatively insulated location, and its strong dividend yield.

☆ Gen Z Investing in Real Estate, Buying Homes Early, Learning From Millennials' Mistakes
▼ + stars: | 2023-03-21 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Unlike millennials before them, Gen Zers have grown up during a boom in home prices. In a 2020 survey by Gen Z Planet, a research and advisory firm, 87% of Gen Z respondents said they wanted to own a home in the future, while just 63% of millennial respondents said the same. The survey suggested that 68% of Gen Zers viewed homeownership as a way to build wealth, compared with 60% of millennials. But the ranks of Gen Z homeowners will almost certainly grow in the coming years as they scale corporate ladders and amass savings. All this new technology and information is fueling the real-estate-mogul dreams of ambitious Gen Z investors.

☆ KBW gives a slew of safe-haven bank stocks to buy after SVB collapse
▼ + stars: | 2023-03-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Some bank stocks remain "safe havens" for investors even after the Silicon Valley Bank collapse , according to Keefe, Bruyette & Woods. The firm recommended 11 stocks that investors should buy "right here, right now" following the sell-off in bank stocks in the wake of SVB's failure, as well as the regulatory response over the weekend, according to a Sunday note. That could spell a buying opportunity for some bank stocks. "We see a potentially significant rebound in several bank stocks, as the market is likely to believe that the Fed and FDIC stuck the landing," analyst Christopher McGratty said to clients on Sunday. Old National Bancorp is a buying opportunity that's also a best idea for 2023, according to the note.

So You Want to Turn an Office Building Into a Home? There’s an appealing simplicity to the idea of converting office buildings into housing. Basically, they did this:How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. How to Turn a 26-story Office Building Into a 30-story Apartment Building Cut a hole through 23 floors of the building. That could change with tax abatements and subsidy programs, or if outdated office buildings lose so much value that the cost of acquiring them plummets.

☆ 'My call sign is 'Grandad.'' The retirees who are frontline fighters for Ukraine against the Russian invaders
▼ + stars: | 2023-03-11 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +7 min

Some volunteer fighters in Ukraine are considerably older than the average age of a typical soldier. 63-year-old Leonid Onyschenko, for example, is fighting for Ukraine near the city of Bakhmut. While the classic image of a soldier in battle evokes a fit young person with a chiseled jawline, the diverse volunteer fighters in Ukraine defy this expectation. The Territorial Defense Forces (TDF) — a volunteer military reserve — said that Onyshchenko had been serving the country for nine years since Russia's invasion and illegal annexation of Crimea in 2014. Many of the older volunteers the news outlet spoke to appeared eager to stay in eastern Ukraine at the time.

☆ Women's stories stand out in Oscars race, but Hollywood lagging in gender parity
▼ + stars: | 2023-03-07 | by ( Lisa Richwine | ) www.reuters.com time to read: +5 min

"It's such an extraordinary year for women," "Tar" actress Blanchett said at last month's British Film Academy Awards (BAFTAs). "Every year, there's idiosyncratic, remarkable performances that just break down the myth that women's experience is monolithic." Still, Hollywood remains far from a place of gender parity. "Women are making progress in certain areas on screen," said UCLA sociologist Darnell Hunt, co-author of an annual Hollywood diversity report. "There's a great tradition of strong female characters and strong female leads in movie history, mainly in the 1950s," Field said.

In addition to his annual exam, my dog is at the vet at least once a quarter for allergy shots and other ailments. But, as I weighed the costs and benefits, I wondered how often most dogs need to see the vet. Puppies and older dogs need extra careJust like young and old humans, puppies and senior dogs need more frequent check-ins. The good news is monitoring blood work and urine analysis twice a year can help your vet keep your older dog healthy. If you're on the fence about whether your dog needs an exam, you can call your vet for their opinion.

☆ Fact Check-Clip of tanks transported by railway was filmed in Kansas, not Poland
▼ + stars: | 2023-01-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video of tanks being carried by railway in a snowy landscape was recorded in central Kansas. Reuters could not independently confirm when the footage was recorded, but it does not depict tanks in Poland. The Jan. 26 post’s description states the clip was filmed on Jan. 24 in Kansas, “approximately one mile west of Gorham on Highway 40”. The user also shared another clip further showing a line of tanks in what appears to be the same road (here). This clip was filmed in Kansas, not Poland, and has been described in media reports as filmed on Jan. 24, 2023.

☆ FDA advisors recommend replacing original Covid vaccine with bivalent omicron shots for all doses
▼ + stars: | 2023-01-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Food and Drug Administration's independent advisory committee on Thursday unanimously recommended replacing Pfizer and Moderna's original Covid vaccine used in the U.S. for everyone's first two immunizations with the new bivalent omicron shots. Instead, the drugmakers' bivalent omicron shots that target the omicron BA.5 subvariant as well as the original strain would be used for the entire vaccination series. Currently, Pfizer's and Moderna's omicron shots are only authorized as a booster, while the first two doses are still their old shots based on the original Covid strain. The FDA has proposed moving to a system that resembles how the agency updates and rolls out flu shots every year. The agency would select a Covid vaccine formulation in June to target the variant that is expected to dominate in the fall and winter.

☆ First-time homebuyers are 'royally screwed'
▼ + stars: | 2023-01-22 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

For first-time homebuyers like Talej, the outlook has never been bleaker. And during that year, first-time buyers accounted for just 26% of all home purchases, the lowest percentage ever, according to the NAR. The racial makeup of first-time homebuyers also set records in 2022, but the lack of progress in Black homeownership was perhaps most shocking. The percentage of first-time homebuyers who were white hit a two-decade high of 88% last year, up from 83% in 2003. Hope is a fickle thingThere's some slight relief on the horizon for first-time homebuyers.

☆ Bad news for millennials: Things have never looked bleaker for first-time homebuyers
▼ + stars: | 2023-01-22 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

For first-time homebuyers like Talej, the outlook has never been bleaker. This unfortunate combination means first-time buyers are waiting longer to purchase homes and winning out with less frequency than ever before. And during that year, first-time buyers accounted for just 26% of all home purchases, the lowest percentage ever, according to the NAR. The percentage of first-time homebuyers who were white hit a two-decade high of 88% last year, up from 83% in 2003. These trends only compound the bad economic news for millennials, who make up the majority of today's first-time buyers.

☆ Startups Want to Help Airlines Prevent Tech Meltdowns
▼ + stars: | 2023-01-14 | by ( Belle Lin | ) www.wsj.com time to read: +7 min

Airlines should take advantage of new cloud-based tools, industry consultants said, to help prevent the recent snafus brought on by the use of antiquated and siloed technology at Southwest Airlines Co. and the Federal Aviation Administration. Photo: JIM VONDRUSKA/REUTERSSanta Clara, Calif.-based Couchbase Inc., founded in 2011, said it helped United Airlines Holdings Inc. modernize its operations by providing a cloud-based database for its crew-scheduling software. United declined to comment on its operations technology. Airlines generate a massive amount of data every year from their aircraft, passengers, suppliers and internal operations. Gurobi Optimization LLC, a company that develops mathematical-optimization software for industries including aviation, said it provides optimization technology for airlines such as Air France-KLM.

The Senate Banking Committee on Wednesday is holding a second day of hearings this week on the downfall of cryptocurrency exchange FTX, examining how the company's implosion could impact the nascent industry. Old school, old school." Bankman-Fried was charged by federal prosecutors in the Southern District of New York for a wide variety of crimes including wire fraud, securities fraud and violating campaign finance regulations. Though Ray and Bankman-Fried won't be part of the Senate Banking hearing on Wednesday, four cryptocurrency experts will be testifying instead, including Kevin O'Leary, a longtime paid FTX spokesman. "In my opinion, it is the largest Ponzi scheme in history by an order of magnitude."

☆ FTX's new CEO accused the collapsed crypto exchange of 'old school' embezzlement that was 'not sophisticated at all'
▼ + stars: | 2022-12-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

FTX's new CEO has accused the collapsed crypto exchange of "old school" embezzlement. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyFTX's new CEO has accused the crypto exchange of "old school" embezzlement in scathing congressional testimony. "This is really just old-fashioned embezzlement," Ray said. This is just plain old embezzlement. Old school, old school."

Attorneys Office for the Southern District of New York charged the disgraced crypto executive with eight criminal counts: conspiracy to commit wire fraud and securities fraud, individual charges of securities fraud and wire fraud, money laundering and conspiracy to avoid campaign finance regulations. "This is really just old fashioned embezzlement. Old school, old school." The Senate Banking Committee had also asked Bankman-Fried to testify at a Wednesday hearing that he previously refused to attend. Ryan Salame, the co-CEO of FTX Digital Markets, donated another $23 million, with the majority of his contributions heading toward Republicans.

We're here to clear up common misconceptions and help consumers find the best no medical exam life insurance options. Accelerated underwriting life insuranceAccelerated underwriting may seem like a given with no medical exam life insurance. Because of public records information, the pricing on this type of no medical exam life insurance is most likely comparable to standard life policies. Whether due to age, prescription history, or other medical history, buyers should have life insurance alternatives involving a medical exam. How to pick the best life insurance policy for youParticularly when choosing life insurance, customization is critical.

Amid the hubbub of a busy hospital, Mel wasn’t sleeping at night. For two days, Mel was housed in the emergency department; the hospital had no regular rooms available. As far as we knew, Mel’s stroke was tended to promptly, but the lack of clear communication left us with lingering doubts. Six days after his stroke, Mel was discharged to the nursing home where he’d been living for four months following a previous hospitalization. Over the next few days, Mel’s six grandchildren and three sons and their wives traveled to be at his side.

☆ ‘Slow Horses’ Season 2 Review: Spies and Sleeper Agents
▼ + stars: | 2022-12-02 | by ( John Anderson | ) www.wsj.com time to read: +1 min

Cracking ice-cold cases, digging up former associates and unearthing decades-old mistakes by his not-so-beloved MI5 is what really gets the veteran British agent’s blood up. The slow horses of “Slow Horses.”Any season 2 is approached with apprehension, especially when a show has been as successful as this series was in season 1. But it may be even better now, with its likable misfits’ various back stories revealed and the characters established—especially Jackson, played with a malignant flourish by Gary Oldman . His character may not be quite as flatulent as he was last time around, but is just as untidy and unhygienic. (Jackson does suggest an excessively dissipated version of Le Carré’s George Smiley , whom Mr. Oldman played in “Tinker Tailor Soldier Spy.”)

Gary Works, still one of the largest steel mills in the U.S., employs 4,000 people and has 7.5 million net tons of annual raw steel capability. Big River Steel recently installed a slushie machine to help employees cool off. But the algorithms deployed at Big River can’t plug and play in other mills, according to Christian Holliday, senior director of Digital Studio and Big River Steel Integration at U.S. Steel. Bandwidth is notoriously poor in environments like steel mills that are full of concrete and steel. The Big River acquisition hasn’t provided a one-size-fits-all template for modernization at U.S. Steel’s older plants.

☆ Investors in some retail stocks have more than holiday spending to worry about
▼ + stars: | 2022-11-23 | by ( Scott Schnipper | ) www.cnbc.com time to read: +3 min

But what if investors now face another risk from retail stocks? Here's a screen of high-yielding retail stocks, based on last Friday's close: Kohl's, under pressure from activist investors and its shares down 35% in 2022, now yields 6.2%. American Eagle's dividend payout ratio was at 80% vs 33% one year earlier. Gap's dividend payout ratio was 365%, up from 37% a year ago. Target's dividend payout ratio has risen to 54% from 23%, according to FactSet, while its debt-to-equity has ballooned to 153% from 102%.

We're here to clear up common misconceptions and help consumers find the best no medical exam life insurance options. May offer coverage to military members other companies won't cover Check mark icon A check mark. Because of public records information, the pricing on this type of no medical exam life insurance is most likely comparable to standard life policies. Whether due to age, prescription history, or other medical history, buyers should have life insurance alternatives involving a medical exam. How to pick the best life insurance policy for youParticularly when choosing life insurance, customization is critical.

☆ Gap beats on third-quarter revenue, but tempers expectations for holiday season
▼ + stars: | 2022-11-17 | by ( Melissa Repko | ) www.cnbc.com time to read: +6 min

Gap on Thursday beat Wall Street's quarterly revenue expectations, but gave a cautious outlook for the holiday season. Old Navy, known for casual clothing for adults and kids: comparable sales fell 1%. Banana Republic, known as a destination for suiting and dresses: comparable sales rose 10%. comparable sales rose 10%. Athleta, an activewear brand: comparable sales were flat, as shoppers shifted to buying more outfits for occasions and for work.

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