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☆ Trump's trade restrictions could be good for American semiconductor jobs
▼ + stars: | 2024-11-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

AdvertisementThe tariffs Donald Trump proposed while campaigning could help create US semiconductor jobs. To be sure, the impacts of a tariff policy on chips could be mixed. He said that the federal government should have implemented tariffs instead to motivate global chipmakers to build more factories in the US, which would then create jobs. AdvertisementTo be sure, the impacts of a tariff policy on chips could be mixed. In August, the White House said that investments supported by CHIPS Act funding would help create 115,000 construction and manufacturing jobs.

Persons: Donald Trump, podcaster Joe Rogan, Trump, Jeff Koch, SemiAnalysis, Patrick Moorhead, Jeff Ferry, Ferry, Stephen Ezell, Ezell Organizations: US, Industry, Biden, Samsung, Coalition for, Prosperous, Semiconductor Industry Association —, Intel, Information Technology, Innovation Foundation, Apple Locations: Taiwan, China, South Korea, Prosperous America, Arizona, India, United States

☆ 4 ways Trump's housing plans are expected to hurt homebuyers and 3 ways they could help
▼ + stars: | 2024-11-17 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

AdvertisementHigh housing costs, driven in large part by a shortage of homes, are keeping inflation sticky. Economists say Trump's proposals are a mixed bag; some could help housing costs and some could hurt. Ultimately, housing policy experts and industry leaders say housing costs will largely depend on how much new supply can be delivered to the market, which is suffering from a severe shortage of homes. Federal housing assistanceDuring his first term, Trump repeatedly proposed major cuts to housing assistance for households with low incomes or members with disabilities. This would make it harder for lower-income Americans to afford homes and slow down affordable housing construction.

Persons: Trump, Donald Trump, Karoline Leavitt, Vance, Jim Tobin, Tobin, Maurice Page, JD Vance, they're, Anirban Basu, Biden, Ben Metcalf, Metcalf Organizations: Federal Reserve, Trump, National Association of Home Builders, Biden, Administration, Nevada Housing Coalition, Business, Energy, Associated Builders and Contractors, Economic, of New, Reserve, UC Berkeley, Immigrants, Republican Locations: Nevada , Arizona, Utah, of New York, China

☆ Wall Street is gearing up for an M&A boom under Trump. These companies could be attractive targets
▼ + stars: | 2024-11-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Now that the election is over, and a change at the FTC seems highly likely, Wall Street is getting ready for a new era. "In my opinion, bank M & A has reopened for every bank absent the globally systemically important banks," Mills told CNBC. DFS 1M mountain Shares of Discover Financial rallied sharply after the election of Donald Trump. The merger between those two companies was blocked by a judge and then dropped this past week , but both companies could be players moving forward. There's still a populist tone in the Trump campaign … and enforcement, in my opinion, is not going to go away.

Persons: Trump, Lina Khan, Carlyle, Harvey Schwartz, Morgan Stanley, Stephanie McCann, McDermott Will, Emery, Wolfe, Naturium, Goldman, Ed Mills, Raymond James, Mills, Donald Trump, Joe Biden's, Matt Gaetz —, —, There's, Kyle Healy, Alston, Michael Lynton Organizations: Federal Reserve, Federal Trade, FTC, Federal, CNBC, Wolfe Research, Amazon, Electronic Arts, Zoom Video Communications, EA, Activision Blizzard, Capital, Discover Financial Services, DFS, Discover Financial, Spirit Airlines, Frontier, JetBlue, Regulators, Trump, Bird, Warner Music Locations: Washington

☆ Costco's founder met Jeff Bezos for coffee—his advice helped turn a near-death Amazon into a $2 trillion business
▼ + stars: | 2024-11-17 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

After 30 years in business, Amazon is a $2 trillion behemoth and one of the world's largest retailers. Some critics believed Amazon was doomed to never recover, but founder Jeff Bezos turned things around — with some helpful advice from Jim Sinegal, founder of rival retailer Costco. Amazon, Bezos added, would always aim to be the second type of company. Bezos credited the rebound to lower prices and promised to eliminate unnecessary costs in order to make more discounts possible, the Times reported — a similar strategy to Costco's. And what really drove it was lower prices for customers…" Bezos told Fox News in January 2002.

Persons: Amazon, Jeff Bezos, Jim Sinegal, Bezos, Barnes & Noble, Brad Stone, Sinegal, Stone, Jeff, We've Organizations: Costco, Barnes &, Amazon, The New York Times, Sales, Times, Fox News, Amazon Prime, CNBC Locations: Amazon's, Bellevue , Washington

☆ How Europe can avoid a trade war in a 2nd Trump term
▼ + stars: | 2024-11-17 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +6 min

They say the EU will need to employ some retaliatory measures but has to be careful not to escalate. AdvertisementEconomists and analysts said that in order to avoid a trade war, policymakers in Europe need to employ a specific playbook to mitigate the economic drag while keeping trade tensions in check. Kenningham says the EU will likely hit the US with targeted tariffs on certain industries, rather than an across-the-board action. Related storiesTrade deals to avoid tariffsKenningham said EU policymakers could also negotiate a deal to avoid US tariffs. Advertisement"There is a possibility that if the strategy toward Europe is very aggressive, Europeans may change attitudes toward the Transatlantic Alliance.

Persons: Goldman Sachs, Donald Trump, Trump, Joachim Nagel, Emmanuel Macron, Mario Draghi, Andrew Kenningham, Kenningham, Harley, Carlo Bastasin, Bastasin Organizations: Biden, Italian, Capital Economics, European Union, EU, Trade, European, Brookings, Trump, Transatlantic Alliance Locations: Europe, China, European, EU, Trump's, Ukraine, Germany

☆ I'm an AI researcher at Google and I've worked in the industry for 20 years. This is my advice for people entering the field.
▼ + stars: | 2024-11-17 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Google AI specialist Yann AïtBachir suggests building a strong foundation in technical skills. This as-told-to essay is based on a conversation with Yann AïtBachir, an AI specialist at Google based in Singapore. Just under two months ago, I started working as an AI specialist at Google. AdvertisementCome in with strong technical skillsWhile I studied AI 20 years ago, the fundamentals haven't really changed. You need to specialize in one area of AI because it's quite a wide scope with generative AI, predictive AI, and natural language.

Persons: Yann AïtBachir Organizations: Big, Google, Big Tech Locations: Big Tech, Singapore

☆ Top Wall Street analysts are upbeat on these stocks for the long haul
▼ + stars: | 2024-11-17 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Recommendations from Wall Street can help them make informed decisions on stocks and seek solid long-term returns. Top-rated analysts pay attention to multiple aspects when selecting stocks of companies with solid fundamentals and strong execution. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. See Amazon Stock Charts on TipRanks. Mahaney thinks UBER will gain from autonomous vehicle rollouts, given its position as the largest ride-sharing demand aggregator.

Persons: Brian White, White, TipRanks, Mark Mahaney, Mahaney, Andrew Harte, Jack Dorsey, Harte Organizations: Web Services, Amazon, Technologies, Uber's, Business, Uber Technologies, BTIG Locations: AMZN

☆ Wegovy/Mounjaro: The UK thinks weight loss drugs could ease unemployment. Experts say that’s a fantasy
▼ + stars: | 2024-11-17 | by ( Lauren Kent | ) edition.cnn.com time to read: +8 min

London CNN —Weight loss drugs such as Wegovy and Ozempic have been hailed worldwide as revolutionary for medicine. Additional measures to prevent obesity in the first place are desperately needed, health experts say. Part of that new thinking is exploring weight loss drugs. The OHA has crunched the numbers on existing weight loss drugs like Wegovy, the brand name for the appetite suppressant semaglutide. “There is no such thing as a silver bullet for obesity,” the Obesity Health Alliance emphasized.

Persons: Wes Streeting, Streeting, Eli Lilly, It’s, Keir Starmer, ”, Alfred Slade, suppressant, ” Slade, “, it’s, Tom Little, prioritization, Jack Doughty, Martin White, ” White, White Organizations: London CNN, National Health Service, The Telegraph, Survey, British, Obesity Health Alliance, OHA, CNN, Reuters, Diabetes UK, NHS, of Health, Social Care, University of Cambridge Locations: United Kingdom, England, Novo Nordisk's, Denmark, sodas

☆ Former Google CEO says Steve Jobs was a 'diva' — and explains why companies need them.
▼ + stars: | 2024-11-17 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

AdvertisementFormer Google CEO Eric Schmidt said companies need "divas" in order to build brilliant products. Schmidt gives the example of Steve Jobs as a difficult yet brilliant diva. Steve Jobs was a diva — and that's exactly what you want for a successful company, former Google CEO Eric Schmidt said. One such example of a famously tough genius was Apple cofounder Steve Jobs, who Schmidt said was "clearly" a diva. "They're not trying to do the right thing; they're trying to benefit themselves at the cost of others."

Persons: Eric Schmidt, Schmidt, Steve Jobs, —, Jonathan Rosenberg, Jobs, Google execs, They're, Rosenberg Organizations: Google

CNN —There’s nothing quite like the mouthwatering taste of real Prosciutto di Parma, known the world over as Parma ham. The end result is that Parma ham as we know it is increasingly hard to find on international dinner plates. Unlike many heavily mechanized meat processing industries, Parma ham production is steeped in history and tradition. But they are nowhere to be seen, essentially kept under lockdown to protect them from the swine fever virus. Cavagnini produces pork for products including Parma ham and San Daniele ham — a similar cured meat originating in Italy’s northeastern Friuli region.

Persons: Stefano Borchini, Alessia Pierdomenico, ” Borchini, Borchini, ”, Luca Bruno, That’s, there’s, “, Alberto, Cavagnini, it’s, ” Davide Calderone, ” Calderone Organizations: CNN, Parma, Parma Ham Consortium ., Bloomberg, Getty, AP, Workers, Union Locations: Parma, Emilia Romagna, Langhirano, Italy, Modena, Brescia, Lombardy, Alberto Cavagnini’s, Italy’s, Friuli, China, Japan, Taiwan, Canada, United States, Brazil

Attorneys for X Corp., the firm established by Elon Musk to take over Twitter, filed a notice of appearance on Thursday in the bankruptcy case of Alex Jones and his Infowars platform. The new owners of satirical news site The Onion had been declared the successful bidders for Jones’ controversial platform, alongside families of the Sandy Hook massacre victims. Musk has allowed Infowars to broadcast on X while Infowars’ fate is in limbo. Jones has used Infowars as a platform to promote conspiracy theories, far-right ideologies and misinformation. Jones’ bankruptcy stems from his obligation to pay $1.5 billion in damages to families of Sandy Hook Elementary School shooting victims, who filed defamation lawsuits over his false claims that the massacre was a hoax.

Persons: Elon Musk, Alex Jones, Jones, Sandy, ”, Christopher M, Lopez, Mother Jones, Donald Trump, Musk, Ben Collins —, ” Collins, Infowars Organizations: X Corp, Elon, Twitter, Bloomberg, Sandy Hook Elementary, NBC Locations: Texas

Ford Motor Company has agreed to pay $165 million, the second-largest auto penalty ever issued by the National Highway Traffic Safety Administration, to settle charges it failed to comply with federal recall requirements. “The total civil penalty amount of $165 million is second only to the Takata airbag consent order in the agency’s 54-year history,” the NHTSA said in a statement. The Ford penalty stems from a multi-year investigation into the automaker's handling of defective rollover safety cameras on a number of its models, including its popular F-150 trucks and Explorer SUVs. In a statement, Ford said it disagreed with NHTSA's findings but that it was pleased to administratively settle the dispute with the regulator. Power's "initial quality" report earlier this year as a sign the company is making progress on addressing those issues.

Persons: Ford, Sophie Shulman, ” Ford, Jim Farley, Farley Organizations: Ford Motor Company, National, Traffic Safety Administration, NHTSA, Ford, Barclays Locations: J.D

WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.

Persons: Donald Trump’s, Trump, he’s, Joe Biden, ”, Alan Morrison, “, ” Morrison, ‘, ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, ’, Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada

☆ 3 reasons why Russia's economy can survive without crisis for up to 5 more years, think-tank economists say
▼ + stars: | 2024-11-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Russia's wartime economy could be in it for the long-haul — or at least longer than expected. A team of economists is unconvinced that Russia will tumble into economic collapse any time soon, as suggested by some analysts. The paper counters notions that a Russian crisis will come as soon as next year, an argument made by economists such as Yuriy Gorodnichenko. Don't underestimate domestic demandAccording to the report, Russia's domestic market has been an underrated factor behind the country's perseverance. Sustainable war spendingSome have forecast an immediate recession if Russia's war in Ukraine ever ends, arguing that the Kremlin's massive war budget is responsible for the economy's continued survival.

Persons: Yuriy Gorodnichenko, shouldn't Organizations: Center, UC Berkley, CASE, Kremlin, Moscow Locations: Russia, Europe, Russian, Moscow, Ukraine

☆ Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here’s how
▼ + stars: | 2024-11-16 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Now, ValueAct has engaged another titan of the market, Meta Platforms, announcing an approximately $1 billion dollar position in the company. With the stock price up about 56% in 2024, ValueAct still sees significant untapped value in Meta. ValueAct has shown at Microsoft and Salesforce that it is very good in helping companies trim fat and build muscle. The AI spending, while concerning to some in the market, can be the muscle that strengthens Meta's core FoA business. It should more than justify Meta's AI spend.

Persons: ValueAct, Mason Morfit, Mark Zuckerberg, OpenAI's GPT, Meta, Martha Stewart Living, Ken Squire Organizations: Reality Labs, Facebook, Microsoft, Meta, RL, Spotify, OpenAI, Adobe, New York Times, Expedia, Century Fox, KKR, 13D Locations: Salesforce

☆ Warren Buffett's company just bought into Domino's Pizza and Pool Corp. Here's why both bets make sense.
▼ + stars: | 2024-11-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementWarren Buffett's Berkshire Hathaway bought Domino's Pizza and Pool Corp. stock last quarter. Warren Buffett's Berkshire Hathaway added Domino's Pizza and Pool Corp. to its stock portfolio last quarter, a regulatory filing revealed on Thursday. The famed investor's conglomerate bought nearly 1.3 million shares of Domino's, a 3.7% stake worth $549 million at the end of September. The result is that Pool Corp. sits firmly within Buffett's "circle of competence," which he keeps in mind to ensure that he only invests in things he understands. Neither Domino's nor Pool Corp. classify as cheap on a price-to-earnings basis.

Persons: Warren, Berkshire Hathaway, Buffett, Warren Buffett's Berkshire Hathaway, Ted Weschler, Todd Combs, —, Kraft Heinz, McLane Organizations: Corp, Domino's, Pool Corp, Kraft, Company, Berkshire, Clayton Homes, Acme Locations: Berkshire

☆ Here's why Target is more exposed than Walmart to the sweeping trade changes that Trump promised
▼ + stars: | 2024-11-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

AdvertisementAs America's grocery king, Walmart sources a high share of its products from the US. The difference puts more of Target's business at risk of being impacted if Trump follows through on his tariff promises. "Target is actually much more exposed than Walmart because Walmart is grocery-heavy and groceries are predominantly domestic," Jason Miller, supply chain professor at Michigan State University, told Business Insider. Food and beverage sales accounted for less than a quarter of Target's sales last year. AdvertisementTD Cowen retail analyst Oliver Chen told BI that Target's apparel segment presents another potential complication, as fashion is more sensitive to seasonality.

Persons: Donald Trump, Jason Miller, Cowen, Oliver Chen, Gina Logan, Logan, Trump, Brian Cornell Organizations: Target, Trump, Walmart, Michigan State University, Walmart US Locations: AlphaSense

☆ Elon Musk is looking for trillions in government waste, and defense is a massive potential target
▼ + stars: | 2024-11-16 | by ( Jake Epstein | Grace Kay | ) www.businessinsider.com time to read: +10 min

President-elect Donald Trump has tapped Elon Musk to help spearhead cuts to government spending, and the defense sector could be a prime target. But Musk's past comments hint at one area he could target: defense contracts. Musk built SpaceX's business model around fixed-price contracts. Musk's new initiative could recommend exactly this: a move away from cost-plus contracts toward fixed-price contracts. An aerial view of the Pentagon AP Photo/Patrick Semansky, FileMusk's new initiative may target other areas of Pentagon spending, as well.

Persons: Donald Trump, Elon, Elon Musk, It's, Trump, Musk, Julia Demaree Nikhinson, Clayton Swope, Walter Isaacson's, Swope, John Raoux Overspending, Gerald R, Mike Gallagher, Gallagher, Ford, Steve Helber, Bryan McGrath, Todd Harrison, —, Harrison, Michael Bohnert, they've, Archer Macy, Patrick Semansky, John Harvey Jr, Mississippi Sen, Roger Wicker Organizations: Defense, Pentagon, Department of Government, SpaceX, NASA, AP, Center for Strategic, International Studies, Services, International Space, Kennedy Space Center, Littoral, Ford, DoD, Republican, Palantir Technologies, Newport News Shipbuilding, American Enterprise Institute, Shipbuilding, BAE Systems, RAND Corporation, CSIS, US Air Force, Navy, Senate Armed Services Committee Locations: Pennsylvania, Columbia, China, Wisconsin, Virginia, Mississippi

☆ What Trump's proposed China tariffs could mean for Apple's profits
▼ + stars: | 2024-11-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Under a 25% tariff on goods from China, the Wall Street investment bank sees an EPS loss for Apple of 9.2%. Those estimates make Apple the fifth most vulnerable tech company to potential tariffs on goods from China in Morgan Stanley's research coverage. Bank of America analyst Wamsi Mohan agrees, seeing any tariff impact as "manageable." He sees a 60% tariff on Chinese goods possibly resulting in about a 4% hit to Apple's EPS. By contrast, Dell – which he noted looks positioned to be "most vulnerable" to tariffs – could see an EPS impact of up to about 90%, according to his model.

Persons: Donald Trump's, Tim Cook's Apple, Morgan Stanley, Erik Woodring, Trump, Tesla, –, Morgan, it's, Angelo Zino, Zino, Wamsi Mohan, Apple, Bernstein, Toni Sacconaghi, Sacconaghi, It's, BofA's Mohan, Mohan, Jason Snipe Organizations: Apple, Wall, CNBC, of, Bank of America, Dell, Odyssey Capital, Apple Intelligence Locations: China, U.S, India, Vietnam, Malaysia

That's sure to result in increased volatility for the companies in our portfolio exposed to China, the world's second-largest economy. Consumer-dependent stocks Apple and Starbucks may be the most at risk given they are more discretionary versus the aforementioned names. At the Club, Jim has bestowed his "own it, don't trade it" designation on only those two stocks, Apple and Nvidia. AAPL YTD mountain Apple YTD Furthermore, while China growth may be tempered, Apple is aggressively looking to grow its presence in India — both on the consumer side and product manufacturing side of its business. Bottom line The risks for companies that do business in China have certainly increased following Trump's presidential election win.

Persons: Donald Trump, Jim Cramer, Joe Biden, Jensen Huang, Leonardo da Vinci, Lisa Su, Su, Tim Cook, Trump, Jim, China —, Brian Niccol, Niccol, we're, Jim Cramer's, Xi Jinping, Kevin Lemarque Organizations: Devices, Nvidia, GE Healthcare, Apple, AMD, Trump, Club, Bloomberg, U.S, Starbucks, Yum Brands, China, Taco Bell, Chipotle, Jim Cramer's Charitable, CNBC Locations: we're, China, U.S, India, Vietnam, Osaka, Japan

☆ 5 new weight-loss drugs to watch in the fight for the next Ozempic
▼ + stars: | 2024-11-16 | by ( ) www.businessinsider.com time to read: +8 min

"Forthcoming medications take the blockbuster GLP-1 medications and up the ante." Like semaglutide (the active ingredient in Ozempic and Wegovy), it works on GLP-1, a hormone that regulates blood sugar and appetite. CagriSema adds it to the already-popular drug semaglutide, which itself helps manage hunger and blood sugar levels. "Longer-acting versions of GLP-1 medications offer the potential for greater convenience and potentially improved adherence and sustained use over time," McGowan said. Timeline: Data from Phase II trials is expected later this year, and planning is underway for Phase III trials.

Persons: Eli Lilly, Dr, Christopher McGowan, Eli Lilly's, Ozempic, retatrutide, VK2735, we've, they're, McGowan Organizations: Pharma, Novo Nordisk, Viking Therapeutics, Triple, Therapeutics, FDA, orforglipron, Nordisk, Reuters Locations: GLP, Mounjaro, California

☆ Meet the Americans stocking up on cars, skincare, and toilet paper ahead of Trump's potential trade restrictions
▼ + stars: | 2024-11-16 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

For some, the fear of tariffs means stocking up on cars, skincare, and hair products. But following Donald Trump's presidential election victory, Hull heard that car costs could surge if his tariff plans are enacted. On the campaign trail, Trump proposed a 60% tariff on imports from China and 10% to 20% on goods from other countries. AdvertisementConsidering the larger scale of Trump's proposals this time around, trade experts have identified goods, including car parts, apparel, and electronics, as products at risk of getting more expensive under Trump's tariff proposals. With so much uncertainty regarding Trump's tariff proposals, it's difficult to plan.

Persons: Donald Trump, Kristen Hull, Donald Trump's, Hull, Trump, She's, I'm, Indi Dutta, Gupta, Karoline Leavitt, Vance, she's, Dutta, Marissa Garcia, Trump's, Peterson, Garcia, Beatrice Barba, Barba, Lisa Evans, Jonathan Gold, it's, Ford Organizations: Biden, Hull, Business, Georgetown University, Roosevelt Institute, Trump, Discovery, American Progress, National Retail Federation, jkaplan Locations: China, Columbia, Southern Indiana, Jacksonville , Florida, Los Angeles

☆ Luxury brands forgot about Gen Z. They can't afford to make that mistake again.
▼ + stars: | 2024-11-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

But now it appears that some luxury brands have forgotten that aim. Dukas/Getty ImagesRay of Buttermilk said that some luxury brands have been hesitant to explore collaborations as a means of engaging Gen Z consumers because they fear losing their luxury allure. The future is vintageLuxury players might be kicking themselves for alienating Gen Z consumers, but Gen Zers never forgot about luxury. But secondhand's success isn't bad news for primary luxury brands, Escribano said. Bar certain luxury products like Hermès Birkins handbags, secondhand luxury is by and large cheaper and retains a level of exclusivity, she said.

Persons: Bain, Louis Vuitton, Z, Gen Z, There's, Claudia D'Arpizio, Blanca Zugaza Escribano, Gen, D'Arpizio, LVMH, Prada, Sabrina Carpenter, Marleen Moise, Getty, Jamie Ray, Escribano, Gen Z's, Thomaï, They've, Gen Zers, Z's Organizations: Louis, Prada, Bain & Company, Industry, Bain, Business, NYU's Stern School, Gen Locations: Hermès

Below, I rounded up the best early Black Friday deals of 2024 from some of our favorite retailers, like Amazon, Target, Walmart, Home Depot and REI. SKIP AHEAD Best early Black Friday deals | More early Black Friday sales | How I picked the best early Black Friday deals | Why trust NBC Select? Best early Black Friday deals of 2024To find the best early Black Friday deals, I combed through dozens of discounts across retailers. Best early Black Friday salesHere are the best early Black Friday sales to know about. How I found the best early Black Friday dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting.

Persons: I’ve, I’ll, Siri, It’s, TikTok Organizations: Black, NBC, Target, Walmart, Home, Alexa, Garmin, Amazon, beechwood, Wellness, Facebook, Twitter Locations: REI, Samsonite, grippy

I’ve collected personal favorites, NBC Select staff picks, and other bestsellers below. SKIP AHEAD Bestselling gifts for new parents | Best gifts for new parents | Why trust NBC Select? Best gifts for new parents in 2024One of the hardest parts of the newborn season for me was finding time (and energy) to get groceries and cook. These socks are from an NBC Select staff-favorite brand and are a Wellness Awards winner. NBC Select Commerce Editor Jordan Bowman reviewed it and could easily sample international blends from India, Guatemala, Nicaragua and El Salvador.

Persons: I’ve, Grace, Stella, . Bean, “ I’m, ”, Lindsay Schneider, it’s, they’ll, Jordan Bowman, Zoe Malin, Brooks, Malin, It’s, TikTok Organizations: NBC, tote, CNBC, NBCUniversal, Atlas Coffee, barre, Bath, Facebook, Twitter Locations: New York City, men’s, Theragun, India, Guatemala, Nicaragua, El Salvador

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