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☆ Nike critics launch a 'burn bra challenge' and rail against its treatment of female athletes amid growing backlash for its work with a transgender influencer
▼ + stars: | 2023-04-17 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

Transgender influencer Dylan Mulvaney announced a partnership with Nike on Instragram this month. A Nike critic started a "burn bra challege" on TikTok last week. Last week, a TikTok user started a "burn bra challenge" and recorded herself lighting her Nike bra on fire, saying that Nike should be "ashamed of itself." "You chose a little boy with no breasts and some junk in his pants to represent real women," the TikTok user said, according to the New York Post. Nike has been criticized for several of its endorsement partners, including John McEnroe, Charles Barkley, Tonya Harding, and Colin Kaepernick.

☆ Who is trans advocate Dylan Mulvaney?
▼ + stars: | 2023-04-13 | by ( Scottie Andrew | ) edition.cnn.com time to read: +7 min

She became famous on TikTok, where she pivoted from musical theater to advocacy when she came out as trans. But when she started posting videos sponsored by Bud Light, Olay and Nike, her accounts became flooded with anti-trans hate. After cultivating a sizable following during the pandemic, Mulvaney came out as a trans woman in March 2022. From time to time we produce unique commemorative cans for fans and for brand influencers, like Dylan Mulvaney. Mulvaney says she tries to tune out anti-trans hateDylan Mulvaney presented an award at the PFLAG National 50th Anniversary Gala in March.

☆ Gen Z isn't letting the economy keep them from living their most luxurious lives. They're just buying stuff secondhand instead.
▼ + stars: | 2023-04-12 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

About a third of Gen Z choose secondhand to afford higher-end brands, according to a ThredUp report. And even increasing economic uncertainty is not deterring their pursuit of the good life — they're just buying secondhand instead. About 30% of Gen Z — those born between 1997 and 2012 — are buying secondhand items to afford higher-end brands, according to an April 5 resale report by ThredUp, an online thrift store and resale platform. Moreover, 64% of the surveyed members of Gen Z look for an item secondhand before buying it new, up four percentage points from 2021, per ThredUp's report. And while Ricci wasn't specifically referencing her habits in relation to buying secondhand items, ThredUp's report states that more than 80% of Gen Z considered the resale value of apparel before making a purchase.

☆ Trapped miners in east Congo tumble out of rubble intact in viral video
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +2 min

The video shows a man precariously perched on the side of a steep slope of rubble, frantically digging with a spade while a group of other men stand in a large circle around him, watching. The rescuer is then seen redoubling his efforts, forsaking the spade to dig through the rubble with his bare hands. Another miner soon appears, then another, and within two minutes a total of nine men have come out alive and well. Two miners died in a similar incident at a nearby informal digging site in early March. Reporting by Sonia Rolley; Editing by Sofia Christensen, Estelle Shirbon and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ Adam Sandler honored with Kennedy Center's Mark Twain Prize
▼ + stars: | 2023-03-20 | by ( Jeff Mason | ) www.reuters.com time to read: +3 min

[1/5] Actor and comedian Adam Sandler waves as he is awarded the Mark Twain Prize for American Humor at the Kennedy Center in Washington, U.S., March 19, 2023. REUTERS/Joshua RobertsWASHINGTON, March 19 (Reuters) - Actor and comedian Adam Sandler became the 24th recipient of the Kennedy Center's Mark Twain Prize for American Humor on Sunday, at an evening event featuring stars Jennifer Aniston, Chris Rock and Conan O’Brien to celebrate his comedy and career. With the White House a short distance from the Kennedy Center, some presenters touched on politics. Sandler joins the ranks of other comedians who have received the Mark Twain Prize, including Jon Stewart, Dave Chappelle, Julia Louis-Dreyfus, David Letterman, Carol Burnett, Eddie Murphy and Ellen DeGeneres. The prize is named after novelist and essayist Samuel Clemens, better known by his pen name, Mark Twain.

☆ Kate Spade CEO Liz Fraser
▼ + stars: | 2023-03-07 | 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 EmailKate Spade CEO Liz FraserIn recognition of Women's Heritage Month, Kate Spade CEO Liz Fraser talks to CNBC about women's mental health and empowerment.

☆ AMC Networks Earnings Top Views as Company Slashes Costs
▼ + stars: | 2023-02-17 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

AMC, which streams ‘Better Call Saul’ on its service, helped usher in the era of prestige TV. AMC Networks Inc.’s adjusted profit jumped in the recent quarter after the company set out on a cost-cutting mission and as Kristin Dolan prepares to take the reins as chief executive later this month. Including a more-than-$400 million charge tied to a broad restructuring plan that includes layoffs and a decision to remove some legacy shows and films from rotation, the cable-TV company swung to a loss. In November, AMC Networks laid off about 20% of its U.S. employees, and said then-CEO Christina Spade had stepped down.

☆ ‘Young people are going to teach us to die better’: How ‘human composting,' already legal in 6 states, could help the planet
▼ + stars: | 2023-02-16 | by ( Natasha Piñon | ) www.cnbc.com time to read: +6 min

The 31-year-old is a client of Return Home, a Seattle-area human composting facility. The first five people to sign up for Return Home's pre-planning services were under age 35, according to CEO Micah Truman. Human composting is legal in six states and countingOn a rapidly warming planet, the somewhat fringe concept is inching toward the mainstream. Human composting, also called "natural organic reduction," is now legal in six states and counting. Detractors are increasingly voicing their concernsNina Schoen first learned about Recompose in 2017, two years before human composting was even legal in Washington.

☆ AMC Networks Owner James Dolan Plots Turnaround, Floats Spouse as CEO Candidate
▼ + stars: | 2023-02-15 | by ( Jessica Toonkel | ) www.wsj.com time to read: 1 min

James Dolan, whose family controls AMC Networks, is interim executive chairman as the company searches for a new CEO. Shortly after becoming chief executive of AMC Networks Inc. last fall, Christina Spade held a town hall at New York’s Museum of the Moving Image to give an update on the state of the business. She also addressed staffers’ anxiety about potential layoffs. Ms. Spade said any job cuts at the media company, whose flagship cable channel is known for such hits as “Breaking Bad” and “The Walking Dead,” would be thoughtful and targeted, not drastic, and would begin in early 2023, according to people familiar with the event, which was in early November. Ms. Spade had hired consulting firm Bain & Co. to craft a measured approach, they said.

☆ AMC Networks names media industry veteran Kristin Dolan as CEO
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

Feb 15 (Reuters) - AMC Networks Inc (AMCX.O) on Wednesday named media industry veteran and long-time board member Kristin Dolan as its chief executive officer, filling a position that had been empty since Christina Spade's abrupt departure in November. Kristin will take the reins of the company behind shows such as "Mad Men" and "The Walking Dead" on Feb. 27. She will receive a base salary of at least $2 million, AMC Networks said. Shares of the company, which is controlled by the Dolan family, rose more than 3% in extended trading. Cord cutting and a gloomy advertising market have weighed on AMC Networks' business, but its streaming unit has emerged as a bright spot.

☆ AMC Networks names a new CEO: Kristin Dolan, spouse of chairman James Dolan
▼ + stars: | 2023-02-15 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

AMC Networks , the company that owns TV channels like AMC and IFC, named Kristin Dolan its new CEO on Wednesday. She's an industry veteran, and most recently served as CEO of 605, a data analytics firm that measures audience numbers for TV networks. She is also the spouse, albeit separated, of James Dolan, the AMC Networks interim executive chairman James Dolan. The Dolan family has been considering the best way to move AMC Networks forward as it deals with cord-cutting and a tight ad market. For some time now, AMC Networks has been considered an acquisition target for larger media companies looking to bulk up their libraries.

Younger shoppers snapping up its sweatshirts, knitwear and Polo line of products also drove results beat at luxury peer Ralph Lauren Corp (RL.N). "The Coach brand has done a lot of work to reposition itself as a premium brand that appeals to a younger consumer," Raymond James analyst Rick Patel said. "Tapestry appears to be executing better for its Coach brand than Capri is for Michael Kors," Patel added. Net revenue at Ralph Lauren rose 1% to $1.83 billion in the third quarter ended Dec. 31, beating estimates of $1.76 billion. Both Tapestry and Ralph Lauren took a hit in China due to a resurgence of COVID-19 infections, but demand is returning, the companies said.

☆ Tapestry lifts profit outlook as younger shoppers snap up Coach handbags
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] A handbag is seen in a Kate Spade store, owned by Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Luxury peer Ralph Lauren Corp (RL.N) also beat expectations on strong demand from younger affluent shoppers. Meanwhile, Ralph Lauren said its brands gained market share in North America, even as its wholesale revenue decreased 2%. Net revenue at Ralph Lauren rose 1% to $1.83 billion in the third quarter ended Dec. 31, while analysts had expected $1.76 billion, according to Refinitiv IBES data. Tapestry forecast fiscal 2023 earnings of $3.70 to $3.75 per share, compared with its prior estimate of $3.60 to $3.70.

☆ Coach owner Tapestry raises annual profit forecast
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] A handbag is seen in a Kate Spade store, owned by Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. REUTERS/Andrew Kelly/File PhotoFeb 9 (Reuters) - Luxury group Tapestry Inc (TPR.N) raised its annual profit forecast on Thursday, helped by resilient demand and its strategy to largely use company-owned stores and its website to sell Coach and Kate Spade bags. Shares of the company, which fell 4.5% on Wednesday following disappointing earnings and forecasts from rival Capri Holdings (CPRI.N), rose 2% in premarket trading. Total revenue fell 5% to $2.03 billion in the second quarter ended Dec. 31, in line with analysts' average estimate, according to Refinitiv IBES data. Reporting by Uday Sampath and Deborah Sophia in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Luxury brands diverge: Tapestry stock rises while Capri slides after earnings
▼ + stars: | 2023-02-09 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

Tapestry , the company behind Coach and Kate Spade, beat analyst expectations Thursday for its second quarter earnings and raised its annual profit forecast. Though, it was a different story for its competitor Capri Holdings , whose brands include Michael Kors and Versace. Tapestry's gains, sending the stock up over 3% Thursday, came a day after Capri's disappointing third quarter earnings report. Rick Patel, managing director at Raymond James, said both Tapestry and Capri have "done a great job" bringing new, younger customers into their brands through social media and website appeal. Tapestry reported per-share earnings of $1.36 on Thursday, topping estimates of $1.27, according to a survey of analysts conducted by Refinitiv.

☆ Stocks making the biggest moves midday: Sonos, Salesforce, Disney, Credit Suisse and more
▼ + stars: | 2023-02-09 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Sonos — Shares surged 17% after Sonos reported a big beat in its fiscal first-quarter results. The audio products developer posted per-share earnings of 57 cents, compared to consensus estimates of 40 cents per share, according to Refinitiv. Affirm Holdings — The buy now, pay later finance company slumped 20% a day after its fiscal second-quarter earnings and revenue missed analysts' estimates, according to Refinitiv. Revenue and earnings were both below analysts' estimates, according to Refinitiv. Credit Suisse Group — Shares plunged 14% after the Swiss bank reported a fourth-quarter and annual net loss that missed estimates, according to Eikon.

☆ Goldman says these overlooked companies will play a key role in a more sustainable economy
▼ + stars: | 2023-02-07 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

Goldman analysts highlighted several service-oriented companies that they view as drivers of the inner loop of the circular economy transition. 'Inner loop' companies Here are the companies Goldman identified, and what Wall Street thinks about them. Impinj has an average target price of $128.86, which means the company stands to gain 4.2% from its close on Monday. Tupperware 's stock price is up 1.8% so far this year, sliding into the green after its shares declined by 73% over the past year. Caterpillar 's stock price has edged up 5% this year, and gained over 25% in the past year.

☆ Did investors learn nothing from last year’s market meltdown?
▼ + stars: | 2023-02-05 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Shares of movie theater chain AMC (AMC) have soared nearly 65% so far in 2023, and AMC (AMC)’s companion preferred stock (which trades under the ticker APE as a nod to the nickname AMC (AMC) fans have given themselves on social media) has more than doubled. So did investors learn nothing from last year’s market meltdown? I don’t agree with this market rally in meme stocks,” said Erik Ristuben, chief investment strategist with Russell Investments. Another strategist agrees this recent rally for meme stocks and other speculative bets may not end well. If they’re upbeat about spending, that could keep the rally in consumer stocks going.

☆ Popular Tool to Cut Debt Costs Loses Luster as Global Central Banks Hike Rates
▼ + stars: | 2023-02-01 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Corporate finance executives looking to cut their debt costs this year are likely to find one popular tool isn’t as attractive as it was when the Federal Reserve was aggressively raising interest rates in 2022. Under a cross-currency swap, a company exchanges principal and interest payments on its debt into another currency. Swaps can lose their appeal to companies when the gap between interest rates in two countries, or central banks, narrows. Corporate advisers said they expect cross-currency swap volumes to decline in the months ahead, assuming market expectations for future rate increases hold steady. That rule made it easier for companies to use cross-currency swaps and recognize the interest savings on their financial statements.

☆ Kohl's vs. T.J. Maxx: 5 reasons I find shopping at Kohl's faster, cheaper, and less overwhelming
▼ + stars: | 2023-01-30 | by ( Danielle Bauter | ) www.businessinsider.com time to read: +5 min

Danielle Bauter recently compared shopping at her local Kohl's and T.J. Maxx in Upland, California. Though T.J. Maxx offers more variety, Bauter said shopping there makes her feel a bit overwhelmed. T.J. Maxx also has a rewards program, but it requires that you sign up for a TJX Rewards credit card. Kohl's carries fewer brands than T.J. Maxx, but they speak more to my styleBauter compared shopping at T.J. Maxx to shopping at Kohl's. Though T.J. Maxx carries a wider variety of designers, I can be easily overwhelmed by too many options.

☆ Canada Goose and other retail stocks will see a lift from China's reopening, according to Wells Fargo
▼ + stars: | 2023-01-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +1 min

Chinese shoppers are likely poised to hit the streets again during the country's reopening, a positive tailwind for certain retail stocks, according to Wells Fargo. The companies with the largest exposure to China's reopening are Nike , Farfetch , Canada Goose , Kate Spade-parent Tapestry and Michael Kors-owner Capri Holdings . Of these names, two – Canada Goose and Farfetch – are trading at deep discounts versus historic multiples, meaning now may be a good time to snap up shares. Wells Fargo has overweight ratings on both. For Farfetch, Wells Fargo sees a few tough quarters ahead but several positive catalysts as well, including the China reopening.

☆ Ukraine is getting a new heavy-duty armored vehicle to haul its damaged tanks off the battlefield, US officials say
▼ + stars: | 2023-01-25 | by ( Christopher Woody | Jake Epstein | ) www.businessinsider.com time to read: +7 min

US officials announced on Wednesday that US-made Abrams tanks would be sent to Ukraine. Ukraine will receive other armored vehicles, including a US-made vehicle designed to haul others off the battlefield. Along with the Abrams, the US will send another armored vehicle designed to haul tanks and other vehicles off the battlefield. The US announcement that it would send Abrams tanks to Ukraine comes after the US and other European partners announced that they would be sending other armored vehicles to Ukraine in the near future. This opened the door for other countries to send armored combat vehicles to Kyiv.

☆ Travel Brand Away Names New CMO, Plans to Boost Its Marketing Budget
▼ + stars: | 2023-01-23 | by ( Patrick Coffee | ) www.wsj.com time to read: +3 min

Away hired Carla Dunham as chief marketing officer as the luggage and travel accessories company tries to make the most of the industry’s pandemic recovery. Ms. Dunham had most recently been chief marketing and merchandising officer at e-commerce delivery startup Foxtrot and previously held high-level marketing roles at retail and fashion businesses including Kate Spade and Amazon Fashion. Carla Dunham, chief marketing officer for Away. Photo: AwayBusiness has picked up again as travelers around the world return to prepandemic activities, according to Ms. Dunham. Ms. Dunham reports to Away co-founder and Chief Executive Jen Rubio.

☆ Stocks making the biggest moves premarket: Wayfair, Salesforce, Paypal and more
▼ + stars: | 2023-01-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest premarket moves:Advanced Micro Devices — The semiconductor maker rallied nearly 3% after being upgraded by Barclays to overweight from equal weight. The Wall Street firm cited improving market share trends and a better grasp on spending from management. Abbott Laboratories — Abbott Labs lost 2.5% following a Wall Street Journal report Friday that the Justice Department is investigating conduct at its infant-formula plant in Sturgis, Michigan. Tapestry — The Coach and Kate Spade parent slid 1.85% after being downgraded to equal weight from overweight by Barclays. The Wall Street firm's reasons included inflation creeping to higher household income brackets.

☆ Jim Cramer's top 10 things to watch in the market Monday: Industrials, Salesforce activists, semis
▼ + stars: | 2023-01-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Another activist investor, Elliott Management, takes a big stake in Club holding Salesforce (CRM), according to media reports . Same upgrade for Club holding Advanced Micro Devices (AMD); PT increase to $85 from $70. Club holding Ford (F) will have to lower prices for Mustang Mach-E. Not much competition for F-150 Lightning EV pick-up. JPMorgan downgrades Levi Strauss (LEVI) to neutral from overweight (buy); cuts price target by $2 to $17 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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