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☆ 'America's greatest gift to Israel'
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

As the country's founder and first prime minister, David Ben-Gurion, once declared, "America's greatest gift to Israel was Al Schwimmer." Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

Persons: Danny Schwimmer, They'd, Rina, Al —, David Ben, Gurion, Al Schwimmer, Schwimmer, Bugsy Siegel's, Meyer Lansky, Frank Sinatra, Sinatra, —, Boaz Dvir, Israel —, Danny, Al, I've, Hank Greenspun, Greenspun, Brian, Adolph, Dick Tracy, " Schwimmer, Wing Walker, America, Yehuda Arazi, Arazi, they'd, Schwimmer's, Sam Lewis, Leo Gardner, Milton, Milt, Rubenfeld, Paul Reubens, Herman, Reubens, Bugsy Siegel, Siegel, — Schwimmer, Nathan Liff, Liff, PhotoQuest, Bernarr McFadden, Pat, Ptacek, Rafael Trujillo, Teddy Kollek, Erwin Johnson, Bill Gerson, Gerson, Bud King, Gerson's, Ben, Joel Kimmel, Lewis, Lansky, hadn't, Tommy, Messerschmitts, David, Milt Rubenfeld, Israel, Charlie Winters, Winters, weren't, aren't, America's, Joseph McCarthy, John F, Kennedy, Brian Greenspun, Golda Meir, Bill Clinton Organizations: Israeli Air Force, TWA, Haganah, United Nations, Lockheed Air, Los Angeles Examiner, USC, Getty, US Naval, Schwimmer Aviation, FBI, UN, Customs Service, Palestine . Volunteers, Embassy, Israel, Service Airways, State Department, BI, Pepsi, Zionist, Nazi, Star, American, Avia, Messerschmitt, Pennsylvania State University who's, Las, Sun, Israel Aerospace Industries, IAI, they're, Israeli Locations: Tel Aviv, Israel, Connecticut, Palestine, New York, Copacabana, United States, Hungary, Auschwitz, storages, Arizona, Bridgeport, Rome, Burbank , California, Burbank, Las Vegas, Hawaii, Oahu, Santa Claus, California, Washington, Burbank ., Acapulco, Mexico, it's, Mexico City, Central, South America, Dominican Republic, China, America, Mexican, Panama, Panamanian, Corsica, Oklahoma, Detroit, Suriname, Brazil, Senegal, Casablanca, Sicily, Catania, Europe, Czechoslovakia, Czech, Egypt, Cairo, Los Angeles, American, Gaza, Iran

☆ An Arms Smugger, a Daring Heist, and the Birth of Israel
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. "It went against the grain to buck the same government we had fought to preserve only a few years before," Hank Greenspun recalled. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

☆ Now Featured at Beauty Stores: Teens Driven by Social Media
▼ + stars: | 2024-03-16 | by ( Jordyn Holman | ) www.nytimes.com time to read: +1 min

Impelled in large part by TikTok to seek beauty products meant for adults, younger customers — teenagers and even preadolescents — are proving to be a mixed blessing for retailers like Sephora and Ulta. Retail analysts say that as the beauty stores attract a new generation of shoppers, they will need to make sure that the experience remains fulfilling for their older, core customers — including some who may not enjoy stores full of tweens and teens. “So much of luxury and prestige is the experience,” said Simeon Siegel, a retail analyst at BMO Capital Markets. “Making an adult feel special is very different than making a college student feel special, which is dramatically different than making a tween feel special. The survey found that teenage respondents spent 23 percent more on cosmetics, skin care and fragrance in 2023 than the year before.

Persons: TikTok, ”, Simeon Siegel, Piper Sandler Organizations: Retail, BMO Capital Markets, Ulta Locations: United States

☆ 'Feud' season 2 concludes with Truman Capote's tragic early demise. Here's everything you need to know about the author's death and his unfinished book.
▼ + stars: | 2024-03-13 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +6 min

Read previewAcross eight episodes, the second season of Ryan Murphy's "Feud: Capote vs. Truman Capote (Tom Hollander) and Joanne Carson (Molly Ringwald) in "Feud: Capote Vs. According to PBS, Capote's official death certificate attributed his death to "liver disease complicated by phlebitis and multiple drug intoxication." According to Plimpton, a search for what the key unlocked was carried out after Capote's death, but nothing was found. AdvertisementThe finale of "Feud: Capote vs.

Persons: —, Ryan Murphy's, Truman Capote, Tom Hollander, Capote, Ann Woodward, Laurence Leamer's, Jon Robin Baitz, Joanne Carson, Molly Ringwald, Johnny Carson, Jane Baxter, Carson, Truman, Stanley Siegal, Siegel, Katharine, Kay, Graham, Harry Benson, Gary Settle, George Plimpton's, Plimpton, Joseph M, Fox Organizations: Service, Business, Los Angeles Times, PBS, Random, La, Basque, New York Public Library, New York Times Co Locations: New York, Manhattan, Kansas, Palm Springs , California

☆ The rarest US stamp is going up for auction. It’s expected to sell for millions
▼ + stars: | 2024-03-13 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +5 min

This summer, philatelists will have a chance to snag the rarest US stamp ever: the 1868 one-cent “Z-grill.”Interested? On June 14, the one-cent Z-grill will be put up for sale by Robert A. Siegel Auction Galleries, marking the first time the rare stamp has been on auction since 1998. Of the two known copies of the one-cent Z-grill, one is held by the New York Public Library. That leaves only one one-cent Z-grill available to private collectors. “There’s multiple stamps that’ll bring $500,000 or $750,000, but the (one-cent) Z-grill is the star of the show,” Shreve said.

Persons: Robert A, Bill Gross, “ It’s, ”, Charles Shreve, Gross, “, Benjamin Franklin, Scott Trepel, ” Trepel, Trepel, Jerry Buss, Shreve, ‘, ’ ” Shreve, Don Sundman, ” Shreve Organizations: CNN, British, New York Public Library, US Post, Los Angeles Lakers, Pacific Investment Management Company, US Postal Service Locations: New York, British Guiana

☆ Nvidia could be worth $6 trillion if it follows Cisco's dot-com trajectory, says Jeremy Siegel
▼ + stars: | 2024-03-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Nvidia stock could triple if it follows Cisco's path during the dot-com bubble, Jeremy Siegel said. AdvertisementNvidia could triple in value to become the world's first $6 trillion-plus company if it follows Cisco's trajectory during the dot-com bubble, Jeremy Siegel said. It's now worth $2.3 trillion, propelling it past Amazon and Alphabet and leaving only Microsoft ($3.1 trillion) and Apple ($2.7 trillion) ahead. "There could be 2-3x more upside in Nvidia if it follows Cisco's valuation path to its peak," Siegel said. Advertisement"Now we emphatically do not have 1999-2000 levels of speculation in the markets or tech," Siegel said.

Persons: Jeremy Siegel, Wharton, —, It's, Siegel, Wood Organizations: Apple, Microsoft, Service, Nvidia, Cisco, Federal Reserve Locations: —

☆ Premarket stocks: Congress has bad news for Wall Street
▼ + stars: | 2024-03-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Dealmaking is the lifeblood of Wall Street. But analysts say that funding cuts in the plan could end up harming mergers and acquisitions on Wall Street, squashing hopes of a recovery in dealmaking. The bad news: Recent regulations and proposed budget cuts threaten to step on those green shoots before they’re able to flower. Why it matters: Dealmaking isn’t just good for Wall Street. Shares of the stock are down nearly 30% so far this year after its seemingly nonstop streak of bad luck.

Persons: New York CNN — Dealmaking, Joe Biden, squashing, It’s, Goldman Sachs, ”, Lucille Jones, Jones, Mitch Berlin, Biden, ’, ” Berlin, That’s, Hewlett Packard, “, TikTok —, Brian Fung, TikTok, Shou Chew, Nadya Okamoto, Okamoto, Teddy Siegel, Siegel, David Goldman, LATAM, it’s, Max Organizations: CNN Business, Bell, New York CNN, Wall, LSEG, Federal Reserve, Federal Trade Commission, Department of Justice, Congressional, Office, CNN, Discover Financial Services, Hewlett, Juniper Networks, Target, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB Locations: New York, dealmaking, EY, Berlin, “, LSEG, Australia, New Zealand, Newark

☆ TikTok creators fear US ban as the House prepares to vote on crackdown bill
▼ + stars: | 2024-03-12 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

As House lawmakers prepare to vote on the bill Wednesday, TikTok is encouraging users to call their representatives with a full-screen notification about the legislation. Okamoto’s TikTok account features videos on women’s health, sex education and the occasional glimpse into her personal life. Her sisters are TikTok creators in their own right, one of whom is using her income from TikTok to pay her own way through college, Okamoto said. It’s so tired,” said Grey Prnce, who together with her spouse, Grayson France, co-manages the TikTok account @officiallyverygay. Thus was born @Got2GoNYC, a TikTok account that aims to map all the publicly accessible toilets in the city.

Persons: Washington CNN — TikTok, TikTok, Shou Chew, Nadya Okamoto, Okamoto, She’s, “, ” Okamoto, it’s Chew, ”, Grey Prnce, Grayson France, Teddy Siegel, Siegel, ducking, @Got2GoNYC, ” Siegel, it’s, Prnce Organizations: Washington CNN, Target, CNN, Chinese Community Party Locations: China, Beijing, United States, New York City, Utah, Salt Lake City

☆ How Fraudsters Break Into Social Security Accounts and Steal Benefits
▼ + stars: | 2024-03-09 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

For the past two decades, Liz Birenbaum’s 88-year-old mother, Marge, has received her Social Security check on the second Wednesday of each month. When the deposit didn’t arrive in January, they logged into Marge’s Social Security account, where they found some startling clues: the last four digits of a bank account number that didn’t match her own, at a bank they didn’t recognize. (Ms. Birenbaum requested to refer to her mother by her first name only to protect her from future fraud.) Ms. Birenbaum immediately started making calls to set things right. When she finally connected with a Social Security representative from a local office in a Bloomington, Minn., the rep casually mentioned that this happens “all the time.”

Persons: Liz Birenbaum’s, Marge, It’s, ”, Birenbaum Organizations: Social, Citibank, Social Security Locations: Chappaqua, Minnesota, Bloomington, Minn

☆ Opinion | How America’s Two Abortion Realities Are Clashing
▼ + stars: | 2024-03-08 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +65 min

mary zieglerWell, I think it’s much easier to ban abortion than it is to enforce a criminal law against abortion. mary zieglerNo, I think that’s right. If our abortion politics don’t reflect our abortion views, what does that tell us about the health of the democracy? We’ve seen upwards of 10 states — I think it’s 14 or 15 that have changed their definition of abortion in abortion restrictive states since Dobbs. So, the idea is that abortions that are presented as life saving either are not abortions or are simply pretexts for abortion that’s elective.

Persons: ezra klein, Ezra Klein, ”, overturns Roe, Wade, we’ve, Dobbs, Mary Ziegler, mary ziegler, Roe, they’ve, they’re, didn’t, isn’t, —, We’ve, ezra klein Let’s, mifepristone, Z, They’re, mary ziegler That’s, Comstock, hasn’t, it’s, ezra klein There’s, Kate Cox, kate cox, mary ziegler —, she’d, there’s, you’ll, don’t, you’re, You’re, That’s, I’ve, I’m, they’ll, Ezra, you’ve, that’s, There’s, what’s, Joe Biden, Bill Clinton, You’ve, It’s, Lindsey Graham, Chuck Schumer, Hakeem Jeffries, Trump, mary ziegler There’s, Glenn Youngkin, Glenn Youngkin’s, mary ziegler It’s, we’re, Donald Trump, Roger Severino, Gene Hamilton, Hamilton isn’t, He’s, Stephen Miller’s, Jonathan Mitchell, Biden, — there’s, Josh Prager’s, Jennifer Holland, Daniel K, Williams, Wade ”, Linda Greenhouse, Reva Siegel, ezra klein Mary Ziegler Organizations: New York, Alabama, Republican, U.S, Supreme, for Life, Environmental Protection Agency, mifepristone, and Drug Administration, Republicans, State, Washington State Patrol, Democratic, Catholic Democrat, Wall Street, Act, Virginia Republicans, Republican Party, Leadership, Heritage Foundation, Health, Human Services Department, Trump, Washington Post, New York Times, HHS, Human Services, Department of Justice, Court Locations: Alabama, America, St, Louis , Missouri, East St, Louis , Illinois, Dobbs, Ohio, United States, Texas, mary ziegler — Texas, Kansas, Austin, Houston, Dallas, Florida, Miami, Jacksonville, Tampa, New York, California, Vermont, New Jersey, Missouri, Idaho, Virginia, Colorado, Roe

☆ Playing momentum stocks requires nerves of steel, says Wharton's Jeremy Siegel
▼ + stars: | 2024-03-08 | 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 EmailPlaying momentum stocks requires nerves of steel, says Wharton's Jeremy SiegelJeremy Siegel, Wharton School professor, joins 'Closing Bell' to discuss the markets, chipmakers and the Fed.

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

☆ Where Old Vegas is still alive today
▼ + stars: | 2024-03-03 | by ( Matt Villano | ) edition.cnn.com time to read: +11 min

MuseumsMuseums are obvious celebrations of the past, and in Las Vegas, these two museums have direct links to the Vegas of old. At the Neon Museum, Old Vegas is showcased in the form of neon signs. Other attractionsSeveral other sights and destinations around Las Vegas keep the city’s past alive in this modern age. At one point every casino in Las Vegas had a machine like this one; today this is the only coin-operated iteration left. Finally, the most recognizable throwback to Old Vegas might be the neon “Welcome to Fabulous Las Vegas” sign at the south end of the Las Vegas Strip near Mandalay Bay Resort & Casino.

Persons: upstage Travis, Taylor, Usher, Jackie Gaughan, Kenny Epstein, Epstein, Gaughan, “, ”, you’ve, Bugsy Siegel, Meyer Lansky, La Concha, Caesar, Chris Welsch, Frank Sinatra, Dean Martin, Sammy Davis Jr, Sinatra, Hugo’s, El Cortez, Barbara Streisand’s, Bauer, Griffin, Vegas Vickie, Vickie, Derek Stevens, Vic, Betty Willis, YESCO Organizations: CNN, Sin, Bellagio, Vegas, Eiffel, El, Fremont Street, National Register of Historic Places, Casino, Hotel, Museums, Mob Museum, National Museum of, US Post Office, Commerce, Neon Museum, Las, Virgin Hotels, Minneapolis Star Tribune, Italian American, Four Queens Casino, Las Vegas, Sigma Derby, Fremont Locations: Sin City, Las Vegas, Paris, Vegas, Hotel Nevada, Fremont Street, America, Old Vegas, Sahara, Virgin Hotels Las Vegas, Las, Fremont, Mandalay

☆ What You Need to Know for the 2024 Tax Season
▼ + stars: | 2024-03-02 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: 1 min

Filing your tax return serves as an annual reminder of just how tediously complex the American tax code is — and this year is no exception. It’s not as messy as the pandemic years, but there are plenty of new provisions taking effect, and some changes could potentially land midseason. Procrastination may cost you: Interest on unpaid taxes and late penalties (yes, even penalties accrue interest) have more than doubled to 8 percent from just a couple years ago. Here are some of the latest changes to keep in mind as the filing deadline — April 15, or April 17 for Maine and Massachusetts residents — approaches.

Persons: It’s Locations: Maine, Massachusetts

☆ Ozempic is coming for gyms. Here’s how they’re responding
▼ + stars: | 2024-03-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —America’s gyms are adjusting their strategies as more of their members take weight loss drugs. JPMorgan researchers estimate that 30 million people may be taking GLP-1 drugs by 2030, or around 9% of the US population. For now, GLP-1 medications are prohibitively expensive for most Americans, costing about $1,000 or more a month. (Ozempic has not been approved for weight loss by regulators, though Wegovy, a similar drug, has.) It also made a $100 million-plus deal to buy Sequence, a telehealth business that offers virtual prescriptions to patients for these weight loss drugs where appropriate.

Persons: ”, Simeon Siegel, Bahram Akradi, “, Amanda Edwards, ” Siegel, Rick Caro, Jaap Arriens, WeightWatchers Organizations: New, New York CNN, Boomers, JPMorgan, Fitness, BMO Capital Markets, Management, Industries Locations: New York, Ozempic, Barre, Southern California

☆ DC and Marvel are reprinting coveted crossover comics
▼ + stars: | 2024-03-01 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

CNN —Comic-book store owner Jermaine Exum couldn’t believe his ears when a customer asked to reserve a copy of the upcoming 960-page “DC versus Marvel” comics collection. The "DC Versus Marvel Omnibus," to be released August 6, 2024, is a collection of various crossover comics, and just the second collaboration by DC and Marvel in two decades. From 1976 to 2003, crossovers between the DC and Marvel universes (“Superman vs. Uslan recalled similar “interplay” among the companies, citing a regular DC vs. Marvel softball match in Central Park as evidence of camaraderie. The comic "Marvel and DC Present Featuring the Uncanny X-Men and the New Teen Titans #1", will be reprinted in the upcoming collection.

Persons: Jermaine Exum couldn’t, “, ”, Lex Luthor –, ” Marvel, Exum, Michael Uslan, Carmine Infantino, Stan Lee, ” Uslan, Marvel, DC Walt Simonson, I’m, ” Simonson, Uslan, Walt Simonson, DC Ben Saunders, Denny O’Neil, George Pérez, Chris Claremont, John Romita Jr, Batman, Simonson, ” Saunders, Saunders, Federico Parra, James Gunn, Marvel’s, Peter Safran, Kevin Feige, ” Ethan Sacks, “ Jack Kirby, Steve Ditko, Jerry Siegel, Joe Shuster, Bob Kane, Bill Finger, William Moulton Marston Organizations: CNN, Marvel, DC, Warner Bros, Discovery, Disney, Hollywood, ” Comics, Teen Titans, New Teen Titans, University of Oregon, Acme Comics, “, Marvel Studios, Guardians, Galaxy, DC Studios Locations: Greensboro, North Carolina, Central, Greensboro , North Carolina, Venezuela, Caracas, AFP, Greece, Rome, Egypt

☆ Alcohol-Related Deaths Surge to Nearly 500 a Day, C.D.C. Says
▼ + stars: | 2024-02-29 | by ( Christina Jewett | Jan Hoffman | ) www.nytimes.com time to read: 1 min

The Latest NewsAlcohol-related deaths surged in the United States by nearly 30 percent in recent years, with roughly 500 Americans dying each day in 2021, according to a new study published by the Centers for Disease Control and Prevention. The study chronicled a sustained spike in drinking during the Covid pandemic that continued to rise after the shock of the lockdowns of 2020. The incidence of alcohol-related deaths was higher in men, but among women the death rate shot up at a quicker pace. “I think the results of this research are really alarming,” said Dr. Michael Siegel, who is a professor of public health at Tufts University School of Medicine and was not involved in the study. “It shows that there’s been a truly substantial increase in alcohol-related deaths over the last six years.”

Persons: ”, Michael Siegel, there’s Organizations: Centers for Disease Control, Tufts University School of Medicine Locations: United States

☆ Judges in Trump-related cases face unprecedented wave of threats
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: +20 min

These broadsides frequently trigger surges in threats against the judges, prosecutors and other court officials he targets, Reuters found. In that time, serious threats against federal judges alone have more than doubled, from 220 in 2020 to 457 in 2023, as Reuters reported on Feb. 13. For judges, threats have always been part of the job. Over the last four years, the Marshals investigated more than 1,200 threats against federal judges that they considered serious, according to the data provided to Reuters. Among the 57 federal prosecutions Reuters identified during that period, 47 involved threats against federal judges, six involved threats against state judges, and four involved threats against both.

Persons: Royce Lamberth, Barrett Prettyman, Evelyn Hockstein, Lamberth, Donald Trump, Ronald Reagan, Trump, – Trump, “, ” Royce, Maureen O'Connor, Ronald Davis, stoked, Brett Kavanaugh, Nicholas John Roske, Lewis Kaplan, E, Jean Carroll's, Kaplan, “ Donald Trump, ” Maureen O’Connor, they've, Richard Sullivan, Indiana, Gonzalo Curiel, Curiel, James Robart, Robart, Jon Trainum, Attorney Alvin Bragg, Trump's, Alvin, Bragg, Judge Arthur Engoron, Jefferson Siegel, Arthur Engoron, Tanya Chutkan, Jack, I'm, Chutkan, Smith, Abigail Jo Shry, Derrick Watson, Watson, Patriots.Win, Reggie Walton, Barrett, Elizabeth Frantz, Walton, Jan, Carl Caulk Organizations: District, Reuters, U.S, Capitol, Republican, Trump, U.S . Marshals Service, Marshals Service, ” Royce Lamberth U.S, Ohio Supreme, U.S . Justice Department, Justice Department, Federal Bureau of Investigation, The, FBI, Washington , D.C, Marshals, ” Maureen O’Connor Ohio Supreme, underpins, Trump University, Manhattan, Attorney, AFP, Getty, New York, Washington D.C, Federal Locations: Washington , U.S, al Qaeda, Idaho, Washington ,, New York, ” Maureen O’Connor Ohio, U.S, Mexico, United States, Manhattan, Washington, Texas, Hawaii, Tennessee, New Jersey, Arizona

☆ The Costs for I.V.F. Patients After Alabama’s Ruling
▼ + stars: | 2024-02-27 | by ( Ron Lieber | Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

In the wake of the decision, doctors and patients have worried that they could be vulnerable to prosecution in any number of medical scenarios that were once routine. Some Alabama facilities have halted or restricted treatment, and patients elsewhere worry that similar rulings or laws may soon come to their states. And because so many people pay so much for health care, the fallout from the Alabama case raises big financial questions, too. What would it cost to move embryos to a state less likely to issue a similar ruling? Cryoport Systems, IVF Cryo and ReproTech are three shipping companies that specialize in transporting embryos, though there are others.

Organizations: Alabama Supreme Locations: Alabama

☆ No hurry for the Fed to lower rates 'as long as the economy remains strong': Wharton's Jeremy Siegel
▼ + stars: | 2024-02-26 | 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 EmailNo hurry for the Fed to lower rates 'as long as the economy remains strong': Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's rate path outlook, and more.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Fed, University of Pennsylvania’s Wharton School of Business

☆ How Hermes Became the Ultimate Status Symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, —, waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn

☆ How Hermès became the ultimate status symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

☆ A fund manager beating 98% of his peers over the last 10 years breaks down why the stock market resembles the 'Nifty 50' bubble of the 1970s, when the market's biggest names got crushed as inflation s
▼ + stars: | 2024-02-22 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Disco is backOthers have also started to compare today's market and the 1970s' "Nifty Fifty." AdvertisementJPMorgan's Chief Global Strategist Marko Kolanovic also said in a note on Wednesday that fiscal spending and inflation could resemble the 1970s landscape. Similar to the 1970s, there are currently 3 active geopolitical conflict zones – eastern Europe, Middle East, and South China Sea," Kolanovic said. Kolanovic included in his note the chart below, which shows the correlation between inflation and the performance of the S&P 500.

Persons: —, Albert Edwards, Bank of America's Michael Hartnett, Jeffrey Gundlach, Cole Smead, Smead, Sears Roebuck, Alphabet's, Nvidia's, Microsoft's, Jeremy Siegel, David Rosenberg, Merrill Lynch, " Rosenberg, Marko Kolanovic, Kolanovic Organizations: Service, Societe Generale, Bank of America's, Treasury, Nasdaq, DoubleLine, Investments, Business, Morningstar, Microsoft, Nvidia, Xerox Locations: Europe, Middle East, South China

☆ The 10 best undervalued small-cap stocks to buy now: Morningstar
▼ + stars: | 2024-02-11 | by ( Mark Reeth | ) www.businessinsider.com time to read: +4 min

2023 was the year of large-cap stocks, but 2024 may go down as the year small caps made their comeback. Small stocks, big possibilitiesEarlier this year, Bank of America’s head of US small & mid-cap strategy Jill Carey Hall outlined her take on so-called “SMID-cap” stocks in 2024. Her argument is simple: small-cap stocks are cheap, particularly value stocks, and they’re well-positioned to capitalize on market trends this year. Therefore, while small-cap stocks seem substantially cheaper than their large-cap counterparts, careful asset selection is needed, and we think it’s important to focus on quality.”10 best undervalued small-cap stocks to buyThere’s clearly an opportunity to be had in small-cap value stocks, though that opportunity still comes with its own risks. She recently compiled advice from Morningstar analysts into a list of the 10 best small-cap stocks to buy.

Persons: Jill Carey Hall, “, ” Carey, ”, Dave Sekara, Wharton, Jeremey Siegel, I'm, ” Siegel, there’s, Sekara, Morningstar, Tyler Dann, Susan Dziubinski Organizations: Meta, Nvidia, Business, Bank of, ” Morningstar, CNBC, Morningstar

☆ Potential red flags for the rally
▼ + stars: | 2024-02-09 | 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 EmailPotential red flags for the rallyThe Investment Committee debate Professor Jeremy Siegel's idea that the bull market doesn't depend on the Fed cutting rates soon.

Persons: Jeremy Siegel's

☆ Israel’s repudiation of a deal with Hamas draws fury from hostages’ families
▼ + stars: | 2024-02-09 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +10 min

Survivors of the October 7 terror attack and the families of hostages were furious at the uncompromising repudiation of a deal that – ultimately – could have resulted in the return of all the remaining hostages in Gaza. Moshe’s words carried power – she was kidnapped by Hamas from Kibbutz Nir Oz and held hostage in Gaza for seven weeks. The families of the hostages held in Gaza have emerged as a leading voice and they attract huge support among Israelis. Protesters demand a hostage deal amid the ongoing conflict between Israel and Hamas, in a demonstration in Tel Aviv, Israel, on February 1, 2024. These anti-government protests are still strictly separate from the hostage families’ events, which tend to take place just down the road at what has become known as the Hostage Plaza.

Persons: Benjamin Netanyahu, “, ” Netanyahu, –, Adina Moshe, Netanyahu, Sahar Kalderon, Aviva Siegel, Nili Margalit, Sharon Aloni Cunio, Susana Vera, I’m, ” Moshe, Nir Oz, David, Sa’id, Moshe, Lital Shochat, Shochat, ‘, Shochat Chertow, Shiva, ”, Doron Shabtai, Shabtai, Ivana Kottasova, Yair Lapid, ” “, Bibi ”, Evyatar Cohen, … Organizations: Tel, Tel Aviv CNN, State, Wednesday, Reuters, Protesters, Israel Democracy HQ, Hamas, CNN, Israeli, Yesh Locations: Tel Aviv, Israel, Gaza, Sderot, Jerusalem, Israel’s, Lebanon

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