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☆ Inflight ‘raw dogging’: The bizarre new travel trend that’s creating a buzz
▼ + stars: | 2024-06-28 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

CNN —Michael Ceely once spent a four-hour flight just zoning out – no magazines, no movies, no podcasts, just looking out the window and watching the flight map. Ceely, a therapist in California who specializes in working with men, believed it was a form of digital detox and meditation. One commenter called the experience “an incredible dopamine detox.”Some women are getting in on the experience too. “I just stare into the abyss and watch the little GPS plane,” she said in a video that got 9,905 comments. However, on the show Elba’s character doesn’t have much time to stare off into space, as he’s busy trying to negotiate with a group of terrorists who have hijacked the plane he’s on.

Persons: Michael Ceely, it’s, ”, ‘ I’m, ’ ” Ceely, CNN he’s, “ It’s, bro, Veronica Skaia, Kate Lindsay, Idris Elba Organizations: CNN, GQ, Apple Locations: California, British

☆ 47.9 million viewers tuned in to CNN’s presidential debate with Biden and Trump
▼ + stars: | 2024-06-28 | by ( Hadas Gold | ) edition.cnn.com time to read: +4 min

CNN —CNN’s Thursday night debate between President Joe Biden and former President Donald Trump was watched by 47.9 million viewers on television, according to preliminary figures from Nielsen. On television, CNN drew 8.7 million viewers on its flagship channel, including 3 million in the advertiser coveted 25-54 demographic, the network said Friday. The right-wing talk channel Fox News drew 8.8 million viewers, ABC News saw 8.7 million viewers and MSNBC drew 3.968 million viewers. The nearly 48 million who watched Thursday night’s debate on television represents a 35% drop in audience from 2020, when more than 73 million people watched the first debate between Trump and Biden across all television networks. The previous most-watched program in CNN’s history occurred in 2015, when a GOP debate featuring Trump and a slew of Republican rivals averaged 23.1 million viewers.

Persons: CNN —, Joe Biden, Donald Trump, Hillary Clinton, Trump, “, ”, Nicholas Kristof, David Chalian, Jake Tapper, Dana Bash, Bash, he’d, Jake, Dana Organizations: CNN, Nielsen, Fox News, ABC News, MSNBC, Max, Trump, Biden, YouTube, GOP, New York Times Locations: Atlanta, Trump

☆ Meta and Google have become new allies for retailers in their battle to steal ad dollars from Amazon
▼ + stars: | 2024-06-28 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +6 min

Read previewRetailers have new friends in their battle to steal ad dollars from Amazon: Meta and Google. And Kroger inked a deal to sell targeted Meta ads for grocery-focused brands. Instacart is working with YouTube to let advertisers target ads based on someone's shopping behavior on Instacart. Kroger Precision Marketing's Pratt said that Kroger is also pitching Meta ads to social advertisers as performance ad formats. Advertisers typically buy social ads to increase big branding goals like awareness, but retailers want to prove that social ads also drive sales.

Persons: —, Kroger, Ross Walker, Walker, Andrew Lipsman, Cara Pratt, Instacart, Shopify, Andrius Baranauskas, Baranauskas, Marketing's Pratt, Lipsman Organizations: Service, Google, Meta, Business, Amazon, Retailers, Media, Kroger, Marketing, Kroger Precision Marketing, YouTube Locations: Canada, Acadia, Shopify

☆ For Atlanta entrepreneurs, how to vote comes down to more than 'How's business?'
▼ + stars: | 2024-06-27 | by ( J.J. Mccorvey | ) www.cnbc.com time to read: +8 min

He applauds the Biden administration's efforts to extend federal student loan relief and access to capital to entrepreneurs, for example. Today, Trump leads Biden in Georgia by 43% to 38%, according to a new Atlanta Journal-Constitution survey of likely voters, an edge just outside its 3.1% margin of error. Social issues are business issues," said Molly Dickinson, founder of Banner Day, a branding agency that works closely with "traditionally underserved" entrepreneurs. "Small-business owners make business decisions based on how comfortable they feel in their home lives and in their everyday lives." "Business has been OK," Chey said, but food and labor costs have taken a toll.

Persons: Ryan Wilson, Joe Biden, Donald Trump, Wilson, applauds, Biden, Trump, Deonte Atkins, Atkins, I'm, he's, they've, Black, hadn't, Bill Clinton, Rafael Warnock, Jon Ossoff, Molly Dickinson, Dickinson, Rich Chey, Chey's, Chey, We're Organizations: CNN, Turner Entertainment Networks, Atlanta, Area Development, White, Za'Acai, Republican, Democratic, Biden's, Sens, Trump, GOP, Banner Locations: Atlanta , Georgia, Atlanta, Houston, Georgia, Midtown Atlanta, Ukraine, Israel, New York, Atlanta's Fulton

And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.

Persons: André De Shields, Lady Bunny, Michael R, Jackson, Juliana Huxtable, Wong, J.D, Samson, Pat Oleszko, it’s, —, John Rechy, ”, Danez Smith, Trump, he’d, “, Jenna Lyons, Avram Finkelstein, Joe Mantello, …, Catherine Opie, you’re, Willie Norris, “ I’d, It’s, you’ve, ” — Mark Harris Read, De Shields, Justin French, Chuck Ashley, Anthony Cotsifas, William F, Robert O’Hara’s, Hermes, — Max Berlinger Jenna Lyons, Antonio Lopez, Jenna Lyons’s, Grace Jones ”, Juan Ramos, Antonio Lopez’s, Grace Jones, Tina Chow, Marisa Berenson, Pam Anderson, That’s, — Jason Chen Jayne County, Jayne County, Gus Stewart, Billy Idol, Wayne County, — M.B, Bill T, Jones, Arnie, Arnie Zane, Zane, Keith Haring, Lois Greenfield, Jack Mitchell, Peggy Jarrell Kaplan, Gertrude Stein, Alice B, we’d, Bill, Arnie ”, I’m, — Juan, Norris, Yael Malka, Tomas Abad, West, Black, I’d, — Colleen Hamilton B.D, New York’s Eugene, . Wong, David Henry Hwang’s, Richie, wasn’t, Wayne Barker, — John Wogan Edmund White, Edmund White, Horatio, Leonard Fink’s “, Barbara Confino, Leonard Fink, Joseph Rodriguez, Bleecker, You’d, Gosh, Michael Snyder Pat Oleszko, Chichi, Kirsten, who’d, she’d, — C.H, Brian Michael Smith, Gay, Smith, Kiki Ball, Josue Infante, Skyler Cruz, Jamison, — J.A.R, Agnes Denes’s “, Don Yowell, Finkelstein, Agnes Denes, Leslie Tonkonow, Don, Agnes Denes’s, JD Samson, Sia, Mark Hunter, Anthony Cotsifas I’d, Johanna Fateman, Tigre, Michael O’Neill, Obama, might’ve, — Kate Guadagnino Kristen Kish, Kish, Suzanne Kreiter, David Moir, Bravo, isn’t, — J.W, Stephen Spinella, Mantello, Joan Marcus, Photofest, Tony Kushner’s, Louis Ironson, Milton Glaser, he’s, David, Marshall Grant, Joe Pitt, Walter, Awards, Stephen, ” —, Freedia, Devon Hurst, Sissy Nobby, Barack Obama’s, Lyle Ashton Harris, Big, Bounce, ” — M.B, Thom Browne, Browne, Los Angeles’s Chateau Marmont, Malcolm Venville, Paul Fortune, Michèle Lamy —, — J.C, Catherine Opie’s “, Opie, Ian, Lehmann Maupin, Eileen Myles, Jenny Shimizu, I’ve, Nicole Acheampong Danez Smith, Juan Cordero, ” Womp, They’d, hookups, Who’s, We’ve, You’re, J.A.R, Linda Simpson, India, Little Louie Vega, who’s, — K.G, Alexander Chee, Alexander Chee’s, Marguerite Duras’s “, Jeongneung, King Jungjong, Eric McNatt, Chris Chee, — M.S, Sam Jay, Jay, Jonah, Kumail ”, hadn’t, K.G, Phillip Lim, Lim, Tourmaline, Sylvia Rivera, Luce Capco Lincoln, York’s, We’d, Marsha P, John Cameron Mitchell, Larry Kramer, Mitchell’s, Mitchell, Martha Swope, Billy Rose, Mark Tusk, ” Kramer’s, Larry, Ned Weeks, Ned, “ Hedwig, J.W, Joerg Lohse, Reena, there’s, Matt Bomer, Bomer, Simon Halls, Neal Caffrey, Tony Kushner, Terrence McNally —, — I’d, Hollywood, Wu Tsang, Neil Rasmus, Wildness, ’, Wildness ”, Roxane Gay, Mueller, Brandon Williams, Donna Gottschalk, Donna Gottschalk’s “, Duchess, Galerie Marcelle Alix, goddamn, Coco Romack Michael R, Aaron Kinney, Nova, “ I’m, Bob Damron’s, Sgt, Shirley, Waldorf, Harold’s, Jean ] Genet, Marcel, Proust Organizations: Pride, Stonewall, West, America’s, ACT UP, San, Playwrights Horizons, Odeon, New York’s TriBeCa, Electric, Getty, Police, Billy, New York Live Arts, Keith Haring Foundation, BAM Hamm, Liberation, Brooklyn Liberation, Brooklyn Museum, Fort, New York’s, New York’s Eugene O’Neill Theatre, Broadway, Equity, LGBT Community Center, Fulbright, Mudd, New, Bisexual, Transgender Community, Center, Transgender Community Center, “, Maxwell, Museum School, Farmers, Seattle, Boston Globe, Travel, New York Times, Rancho Mirage, Gay, Caesar’s, FEMA, Yale, York’s Webster Hall, Masters, Records, Pyramid, Work, ACT, Carpenters, Seymour, Edinburgh, Atlanta —, Ninja, Huntington, New York, Lesbian, Equal, Billy Rose Theatre Division, The New York Public Library, The New York Times, USA, Children’s Hospital of Los, MoMA, Whitney Biennial, University of Nebraska, Alamy, HarperCollins, of Engineering, Google, Division, Astor, Tilden Foundations, Pershing, University of Southern, Pershing Square Locations: New York, Berlin, “, America, San Francisco, Baltimore, New York’s, New York City, California, Atlanta, Europe, Wayne County, Dortmund, Germany, London, Amsterdam, Rotterdam, Rockland County, N.Y, ’, I’m, Brooklyn, West Dakota, Fort Greene, New, Leonard Fink’s “ Bars, Street, Rome, —, Aspen, Colo, Copenhagen, Danish, Peru, Los Angeles, Agnes Denes’s “ Wheatfield, Downtown Manhattan, North Moore, TriBeCa, Hoboken, N.J, Lower Manhattan, Manhattan, Boston, Williamsburg , Brooklyn, Vinnie’s, Bedford, Austin , Texas, Copley, Menton, Asian American, York, New Orleans, Houston, Los Angeles’s, L.A, Hong Kong, Seoul, Casa, Koreatown, Minneapolis, Grindr, East, India, Wigstock, Tompkins, Vershire, Chee, Iowa, Huntington Beach, Chelsea, Barneys, Madison, Miami, New York State, Washington, The, LA, Silver Lake, Missouri, Children’s Hospital of Los Angeles, Zurich, Central, American, Westlake, Los Angeles and New York, Lincoln, Alphabet City , New York, Lenox, United States, University of Southern California, Downtown Los Angeles

☆ How a new adtech firm aims to help Amazon steal TV budgets
▼ + stars: | 2024-06-27 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Gigi is a startup that aims to make it easier for brands to buy and measure streaming video ads with Amazon. The firm also provides advertisers with granular metrics like the incremental reach of a TV ad campaign, Epstein said. AdvertisementAs third-party cookies go away, Gigi's pitch plays up brands' first-party data to create more effective Amazon ads. For example, a Shopify merchant can analyze data from their Shopify website with Amazon data to find audiences to target with ads. Gigi wants to work with agenciesThe bulk of Amazon ads are bought using traditional shopper marketing dollars, but Epstein said that his firm is squarely focusing on TV ad budgets.

Persons: —, Gigi, Adam Epstein, Epstein, Gigi Gigi Gigi, Omnicom, Capital, adtech execs, Mike Baker, Rosco Hill Organizations: Service, Amazon, Business, Amazon's, Wall, Amazon Marketing, AMC, Ascential, Ascential's, Golden Ventures, AperiamVentures Locations: Rosco

☆ Two Adidas employees out in China corruption probe
▼ + stars: | 2024-06-26 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Two employees have left Adidas as a result of an ongoing investigation by the German sportswear brand into allegations of corruption in China. Chinese state media outlet Economic View reported Wednesday that both former employees had worked in marketing for Adidas China. The allegations against Adidas executives were contained in an unsigned letter from people calling themselves employees of Adidas China. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — accounts for 15% of the company’s sales. In mainland China, Adidas is the second-largest international sportswear brand behind Nike (NKE).

Persons: ” Claudia Lange, “, ”, Jiemian, Lange, Yang Mi, Yi, Fred Organizations: Hong Kong CNN —, Adidas, “, Adidas China, CNN, Nike Locations: China, Hong Kong, Taiwan, Beijing

☆ CNN presidential debate marks a pivotal moment for the network as it hopes to reverse its fortunes
▼ + stars: | 2024-06-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +8 min

CNN —CNN on Thursday will do something no network has done in more than 35 years – host its own general election presidential debate. Thursday night’s presidential debate, a marketing coup for CNN and its new chief executive, Mark Thompson, will offer the network a bright spot – and expectations of record ratings, even if viewers end up watching the debate on other networks. No matter where viewers tune in to watch the primetime matchup between President Joe Biden and former President Donald Trump, it will be clear this is a CNN debate. Rival networks, for example, have agreed to use CNN in the programming title and keep the red CNN logo on screen throughout the debate. For CNN, the branding boost from the debate may provide a much-needed shot in the arm.

Persons: Mark Thompson, Joe Biden, Donald Trump, Chris Licht, Kaitlan Collins, Licht, Thompson, ”, Biden, It’s, David Chalian, “, aren’t, ” Frank Fahrenkopf, “ regrettably, “ The, Harris, George W, Bush, Al Gore, Alan Schroeder, ” Schroeder, Trump, Jake Tapper, Dana Bash, “ Trump, ” Chalian, Jake, Dana, Fahrenkopf, they’ll, Schroeder Organizations: CNN, MSNBC, Fox, Nielsen, Trump, “ The Biden, Harris Campaign, ABC, NBC, Northeastern University, Biden

☆ 5 in-demand admin skills, according to Upwork: Some can pay more than $100 an hour
▼ + stars: | 2024-06-25 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Freelance marketplace Upwork has long been documenting the most popular skills and specialties on its website. Among those that made the list this year are data analytics, social media marketing and accounting, according to its Most In-Demand Work Skills in 2024 report. Upwork groups its popular skills according to field, such as coding and sales. This year, it also included a list of its most in-demand customer service and admin support tasks, some of which don't necessarily require much experience. That's the sort of admin work general virtual assistants pick up and why they're so in demand.

Persons: Margaret Lilani, Vicki Salemi, they'll Organizations: Microsoft, Research

☆ Perkins, the aging diner chain, has a ‘new vibe’ with a different name
▼ + stars: | 2024-06-25 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +6 min

“We felt this was a more modern, fresh and relevant vibe to start connecting with new consumers, while also servicing our guests that are tried-and-true Perkins loyalists.”A rendering of a new Perkins American Food Co., which will debut later this year. Aria Group and Perkins American Food Co. Aria Group and Perkins American Food Co.“We know that value is so critical right now and we’re very mindful of that,” she said. The firm is investing in the classic American brand that’s been marred with financial issues, including two bankruptcies, following a disastrous 2006 merger with Marie Callender’s. “We really feel that this iteration of ‘Perkins American Food Co.’ is going to marry tradition and innovation and keep us true to who we are,” she said.

Persons: Perkins, Toni Ronayne, “, ” Ronayne, Ronayne, It’s, ”, David Henkes, Baby, Marie Callender’s, “ Perkins, it’s, ‘ Organizations: New, New York CNN —, Perkins, “ Perkins, Food Co, CNN, Perkins American Food Co, Aria, Dine Brands, Baby Boomers, Ascent Hospitality Management, Watch, ‘ Perkins Locations: New York, Orlando , Florida, Cincinnati , Ohio

☆ Putin pledged decades ago to conquer the horrors of Islamic extremism. Deadly Dagestan attack again proves he failed
▼ + stars: | 2024-06-24 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +7 min

CNN —Only a fraction of the violence that raged across Dagestan on Sunday is visible at the moment, and it is already horrific. But it is particularly bad in Dagestan, where protests broke out in the earlier months of the war, as their sons had been disproportionately mobilized. Putin came to power in 1999 graphically pledging to wipe out “in the toilet” the extremists apparently behind apartment bombings in Moscow. But it is still the same problem Putin faced when he sneaked into Beslan in 2004. A raging sore for the Kremlin, and a reminder of both how Putin came to power and his limits on it.

Persons: Putin, Shamil Basayev, Vladimir Putin, –, Lenin, jihadists, ISIS’s Organizations: CNN, Hall, Kremlin, National Antiterrorism, Antiterrorism, Police, ISIS Locations: Dagestan, Moscow, North Caucasus, Moscow’s Crocus, Ukraine, Russia, Chechnya, Chechen, Chechnya’s, Beslan, Ingushetia, Boston, Makhachkala, South, Central Asia

☆ These Gen Z managers are doing things very differently — and it seems to be paying off
▼ + stars: | 2024-06-21 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Baker is an example of a Gen Z boss who is setting a new standard for productivity by prioritizing her team's mental health and work-life balance. Related storiesLike Hodgson, Winsbury never worked for anyone else and has never even been to a job interview. "We're also constantly pushing our team to make sure that they are having a life outside of work," Winsbury said. Fellow Gen Zers, he said, can be frustrating to work with because they have been conditioned to be impatient. Hodgson said Gen Zers "get a bad name" for being work-shy, but he doesn't think that's the whole story.

Persons: —, Raven Baker, Baker, X, who's, Raven Baker Oliver Hodgson, Hodgson, he's, Oliver Hodgson, Darren Robinson, Sam Winsbury, Winsbury, it's, We're, Daniel Hambury Jessie Urvater, Margot Adams, Jessie Urvater, Jessie Urvater Michelle Enjoli, Enjoli, Zers, I'm Organizations: Service, Business, Kurogo

☆ Retirement Crisis: Boomers Need to Work Longer, No One Will Hire Them
▼ + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +10 min

In order to avoid economic catastrophe, he argued, people should save more money and work longer. The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. For one, many older people cannot work because of a disability or because they need to care for someone else with a disability. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult." He's asking people who have not yet retired to work longer than their elders did and to save even more money, without changing the systematic barriers to either.

Persons: Larry Fink, behemoth BlackRock, Fink, Daniel Ross, Ross, he's, Emily Dickens, SHRM's, We've, Stacie Haller, Patrick Button, Button, ResumeBuilder.com, Gen, we've, Mother Jones, Lilly Organizations: Social Security, Lawyers, Society, Human Resources Management, US Chamber of Commerce, Tulane University, IBM, Employment, Commission, Scripps Medical Clinic, Employers Locations: Down, Texas, Austin, San Diego

☆ Ralph Lauren unveils Team USA Olympic uniforms
▼ + stars: | 2024-06-18 | 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 EmailRalph Lauren unveils Team USA Olympic uniformsCNBC's Andrew Ross Sorkin sits down with Ralph Lauren chief branding & innovation officer David Lauren to discuss the company's partnership with Team USA, how much the partnership has become part of Ralph Lauren's business vs. marketing for the brand, and more.

Persons: Ralph Lauren, Andrew Ross Sorkin, David Lauren, Ralph Lauren's Organizations: USA, Team USA

☆ Ralph Lauren designs Team USA’s uniforms for the 2024 Olympics
▼ + stars: | 2024-06-18 | by ( Alex Rees | ) edition.cnn.com time to read: +4 min

I think that Ralph Lauren is able to understand that ethos and bring it to life,” Lauren continued. "Team USA uniforms celebrate classic styles that are made to be loved and endure for generations," Ralph Lauren said in a statement of the label's new designs — like the single-breasted blazers athletes will wear to the opening ceremony on July 26. For this occasion, Ralph Lauren designed a racecar-style jacket with USA patch detailing, a a classic striped polo and crisp white jeans. Richard Phibbs/Courtesy Ralph LaurenGymnast Shilese Jones — one of Ralph Lauren's brand ambassadors at the 2024 Games — is pictured in the closing ceremony look. John Guerrero/Courtesy Ralph Lauren

Persons: Ralph Lauren, athleisure, “, ” David Lauren, Ralph Lauren’s, ”, ” Lauren, Richard Phibbs, Ralph Lauren Four, Katie Ledecky, Steven Pan, Kamren Larsen, Ralph Lauren Denim, Jamal Hill, Daryl Homer, Shilese Jones, Ralph Lauren's, “ Ralph Lauren, ” Sarah Hirshland, ” Kiteboarder Daniela Moroz, John Guerrero Organizations: CNN, USA, Olympic, Team USA, ”, ’, Paralympic, Paris Games Locations: Paris, ”, America

☆ Planning for retirement? These stocks make 'great long-term investments,' according to the pros
▼ + stars: | 2024-06-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

But investors with a greater risk appetite or a longer runway to retirement can consider stocks. CNBC Pro asked the experts what stocks they would buy that are suited to long-term investing for retirement purposes. Dziubinski named three stocks which she says look undervalued but will make "great long-term investments" at current prices. Starbucks Dziubinski says Starbucks ' brand and pricing power have earned it a wide economic moat rating, which according to the firm refers to a company's durable competitive advantage. Wheaton Precious Metals Regal Point Capital's Marolia named Wheaton Precious Metals as a stock with long-term potential.

Persons: Susan Dziubinski, Dziubinski, Vijay Marolia, Morningstar, Marolia, it's, Wheaton, we've, we're Organizations: Morningstar, CNBC Pro, Regal Point, Consumer, Johnson, Brands, Nike Nike, Nike, Wheaton Precious, Wheaton Precious Metals, Blackstone Group

☆ The retirement Catch-22
▼ + stars: | 2024-06-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +10 min

The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. Instead of making it easier for Americans to save for retirement and work as long (or as short) as they want, Fink is setting up a catch-22: The economy needs aging Americans to work longer, but many companies simply don't want them. One of Button's studies looked at "bridge jobs , " part-time jobs in administration or retail that many people use to ease into retirement and cushion their finances. The same year, Scripps Medical Clinic in San Diego was ordered to pay $6.9 million for setting a mandatory retirement age for physicians of 70, regardless of the doctors' interest or abilities. And some older workers have heard all the corporate buzzwords and blather before, so they don't buy into management's sloganeering, rendering them "difficult."

☆ Adidas is investigating allegations of embezzlement and kickbacks in China
▼ + stars: | 2024-06-17 | by ( Laura He | Wayne Chang | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. The reported complaint alleged that a senior executive in Greater China who manages Adidas’ marketing budget had embezzled millions of euros and taken huge kickbacks from external advertising and celebrity agencies. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — contributes 15% of the company’s sales. In mainland China, Adidas is the second largest international sportswear brand behind Nike (NKE). Adidas is well known for playing the “celebrity” card in its marketing in China.

Persons: Hong Kong CNN —, Jiemian, Claudia Lange, ”, Lange, ’, Taiwan —, —, Yang Mi, Yi Yangqianxi Organizations: Hong Kong CNN, Hong Kong CNN — Adidas, Adidas China, CNN, Adidas, Nike Locations: China, Hong Kong, Taiwan, Beijing, Xinjiang

☆ Biden Campaign Ad Paints Trump as a Felon
▼ + stars: | 2024-06-17 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

President Biden’s campaign on Monday began its most aggressive effort to brand former President Donald J. Trump a felon, with the introduction of a new television advertisement that focuses on the presumptive Republican presidential nominee’s criminal conviction. The campaign said the ad would be part of a $50 million investment in battleground states in June. A growing number of Democrats have been urging the president to become more aggressive in branding Mr. Trump with his criminal conviction. “We see Donald Trump for who he is,” the ad’s narrator states. “He’s been convicted of 34 felonies, found liable for sexual assault and he committed financial fraud.”The ad concludes by framing the election with the choice the Biden campaign aims to sear into the memory of voters who may be on the fence about casting a ballot for Mr. Biden, whose approval ratings last week reached the lowest point in his presidency.

Persons: Biden’s, Donald J, Trump, “, Donald Trump, “ He’s, Biden, Mr Organizations: Monday, Republican

☆ Trader Joe’s tiny coolers are selling like hot cakes. Why and how do products go viral?
▼ + stars: | 2024-06-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

But now “you can have it all happen instantly across the whole country.”Success strikes twiceThis isn’t even the first time little Trader Joe’s bags have gone viral. Because Trader Joe’s doesn’t boast much of an official online presence, “I’ve kind of taken on that role” with those pages, she said. A Trader Joe's mini tote bag is shown in Palmyra, N.J., on Wednesday, March 13, 2024. “It’s always a surprise.”The chain’s unusually loyal fanbase is eager for more Trader Joe’s branded merchandise, TikToker Heskett said, but Trader Joe’s doesn’t offer much of that. “You can’t buy a Trader Joe’s hat, you can’t buy a Trader Joe’s sweatshirt,” she said.

Persons: Thaddeus Yan, Joe’s, Yan, Stanley, “, Colin Campbell, Joe doesn’t, Talia Heskett, Joe’s Talia ”, Heskett, She’s, Christy Vetere, ”, Tara Miller, “ I’m, Christina Paciolla, Matt Sloan, Miller, Joe’s hasn’t, Jonah Berger, ” Berger, Lindsey Nicholson, G Yan, “ It’s, TikToker Heskett Organizations: New, New York CNN, eBay, University of San, Facebook, ”, tote, CNN, University of Pennsylvania’s Wharton School, Nike, Variety, Trader Joes, Getty, G Locations: New York, London, University of San Diego’s, Vetere, Palmyra, N.J, Queens , New York

Abercrombie & Fitch has transformed itself from a dying mall brand into a Wall Street darling after spending years revamping its product assortment, overhauling its supply chain and rebranding as an inclusive retailer. Shares of the apparel company have surged over the last year as it posted quarter after quarter of sales growth and profits that consistently topped Wall Street's expectations. Under the direction of CEO Fran Horowitz, Abercrombie has become one of the biggest winners in retail, but its turnaround was years in the making and far from an overnight success. Perhaps most importantly, Abercrombie rebranded itself into a more equitable retailer after it earned a reputation for racism, toxicity and exclusivity. To learn more about Abercrombie's comeback and what's ahead for the retailer after a year of meteoric growth, check out the video above.

Persons: Fitch, Fran Horowitz, Abercrombie, Horowitz Organizations: Abercrombie

☆ AI Is Set to Dominate Cannes Lions Ad Festival This Year
▼ + stars: | 2024-06-13 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Read previewArtificial intelligence is expected to be the topic du jour at Cannes Lions this week, when the ad industry descends on the French Riviera for its annual shindig in the sun. Businesses are exploring how they can use AI to perform tasks like copywriting, research, and automating their ad campaigns. A Cannes Lions spokesperson said the festival is expecting 12,000 delegates, though many more ad execs and vendors forgo the official festivities to hobnob at the fringe events. Cannes Lions has set its own rules around AI. "Those who will win will figure out the right mix of AI plus the right influencers plus the right concepts," MediaLink's Wagman said.

Persons: —, there's, Klarna, Wayne Levings, Mark Wagman, Wagman, Jessica Apotheker, Apotheker, Scarlett Johansson, David Droga, Mira Murati, Vidhya Srinivasan, Alexander Chen, Greg James, Publicis, Anthony Yell, Razorfish, Yell, BCG's Apotheker, Queen Latifah, Lando Norris, John Legend, Chrissy Teigen, Deepak Chopra, Jason, Travis Kelce, Lenny Kravitz, Janelle Monáe, MediaLink's Wagman Organizations: Service, Cannes Lions, Lions, Business, Cannes, United Talent Agency, Google, Microsoft, Adobe, Boston Consulting Group, Palais, Accenture, OpenAI, Google Creative, North America, Publicis Groupe, influencers Locations: Americas, MediaLink, Cannes

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threaten to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.

Persons: —, Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, –, Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threatens to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

☆ 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

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