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☆ A new docuseries follows Juul’s catastrophic crash and burn
▼ + stars: | 2023-10-11 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

If you were a millennial, brought up amid secondhand smoke in homes and restaurants in the ’80s and ’90s (like this writer), Juul’s rise might not have felt so alarming. But if you were a teenager, Juul’s impact was immediately striking — and likely unnerving for your parents — as explored in a new Netflix docuseries. “Big Vape” neither neatly ties up Juul’s troubles nor addresses the company’s motives. Bulls***t.”“Big Vape: The Rise and Fall of Juul” is out now on Netflix. Watch: “Thank You for Smoking” (2005)This Jason Reitman-directed black comedy follows Big Tobacco lobbyist Nick Naylor (Aaron Eckhart), who spins, spins, spins the narrative by any means necessary, his job at odds with his role as parent to a 12-year-old.

Persons: R.J . Cutler, “, Juul, Gabby Jones, James Monsees, Adam Bowen, David Pierce —, Pierce, Juul’s splashy, “ James, Adam, ”, Jamie Ducharme, — Bella Hadid, Dave Chapelle, Adele, Jennifer Lawrence, ” Chase Amiratta, Spencer Platt, ‘, ’ ”, Erica Halverson, Jamie Ducharme’s, Stanford grads ’, —, Jason Reitman, Nick Naylor, Aaron Eckhart, Pets.com ”, Pets.com, Anna Lembke, Dr Organizations: CNN, Netflix, Juul Labs, Food and Drug, Apple, Bloomberg, Getty, Washington D.C, Bulls, Stanford, ., Big Tobacco Locations: “, New York , California , Massachusetts, New Mexico , Illinois, Colorado, Washington, Juul

☆ UK finance professionals urged to sign diversity code
▼ + stars: | 2023-10-10 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

The CFA Institute has 200,000 members globally, with about 12,000 in Britain. Signatories to the code will provide a confidential, annual progress report to the CFA Institute, which will report industry-wide figures once a critical mass of signatories is reached. It comes on top of initiatives such as the Women in Finance charter backed by the finance ministry, which are well established and supported, although progress has been uneven. "The regulator sets the mandatory baseline, we can look to aspirational goals," said Sarah Maynard, global senior head, external diversity, equity and inclusion, at the CFA Institute. Given the global nature of finance, the CFA is also looking at how the code can help join up different national initiatives.

Persons: Toby Melville, Sarah Maynard, Maynard, Huw Jones, Mark Potter Organizations: REUTERS, Companies CFA, CFA Institute, CFA, Women, Finance, Britain's, Authority, Bank of England, Thomson Locations: London, Britain, U.S, United States, Canada

☆ Labour Party Conference: Meet Keir Starmer, Britain's likely next Prime Minister
▼ + stars: | 2023-10-10 | by ( Luke Mcgee | ) edition.cnn.com time to read: +10 min

At least that’s how it felt in Liverpool, where the opposition Labour Party held its annual conference this week. In front of a packed hall, Labour leader Keir Starmer gave an upbeat speech painting the ruling Conservatives as the party of national decline and Labour as the party of stability. A protestor throws glitter over Labour party leader, Keir Starmer during the leader's speech at the Labour Party conference on October 10, 2023 in Liverpool, England. Shadow chancellor Rachel Reeves makes her keynote speech during the Labour Party Conference in Liverpool on October 9, 2023. The story Labour is telling right now isn’t just the story of Keir Starmer, leader in waiting, but Keir Starmer and his political allies, who are the government in waiting.

Persons: Keir Starmer, “, Ian Forsyth, wilder, Jeremy Corbyn, –, Corbyn’s, Starmer, Corbyn, Boris Johnson’s “, Liz, ”, Queen Elizabeth II, David Lammy, Lammy, he’d, Johnson, Rachel Reeves, Peter Byrne, Jeremy Hunt’s, won’t, Trump, Labour – Organizations: Liverpool CNN, Labour Party, Labour, Conservative, Conservative Party’s, CNN, Conservative Party, Northern, Conservatives ’, Government, University of Leeds, Oxford, Cambridge, Public Prosecutions, Labour Party Conference, Corbyn, Biden, Conservatives Locations: Liverpool, Manchester, England, Corbyn, Israel, Britain, America, Germany, Labour’s

☆ No college, no problem. Tiffany's wants Gen Zers to make luxury jewelry.
▼ + stars: | 2023-10-05 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

The company's owner, luxury goods giant LVMH Moët Hennessy Louis Vuitton, is expanding a program that trains people to become artisans who can make Tiffany's high-end jewelry. The company said Thursday it's begun a two-year bench jewelry apprenticeship program involving Tiffany and the Rhode Island School of Design. The move comes as Gen Zers rethink the idea of college as costs skyrocket and US student-loan payments are resuming following a pandemic hiatus. The programs work with colleges and universities to help conduct the training. LVMH has used apprenticeship programs to help develop the skilled artisans it needs for its brands.

Persons: Tiffany, —, Moët Hennessy Louis Vuitton, Gena Smith, it's, Smith, LVMH, Johnny Vacar, It's, they'd Organizations: Service, Tiffany, Rhode Island School of Design, Data Initiative, Tiffany's, Louis Vuitton Locations: Europe, North America, Island, York, LVMH's, Japan, San Francisco

☆ See the 19-page pitch deck used to raise $5.5 million for NewHomeMate, a Zillow-like platform for newly constructed homes
▼ + stars: | 2023-09-27 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

But finding the right fit isn't always easy, thanks in part to the old-school practices of most homebuilders. Vyshnevska and Hnatkovskyy launched NewHomeMate (formerly PropertyMate) in 2020, as the housing market was beginning to reach a fever pitch. Earlier this year, the company announced that it had raised a $5.5 million seed round from funders to expand and grow its vision. "Many people realized that now is the best moment to buy homes, even with high interest rates, if you see where rent is going across much of the United States, and their only real option is new construction," Hnatkovskyy said. Vyshnevska and Hnatkovsky walked Insider through the pitch deck they used to raise their $5.5 million seed round with some confidential financial information redacted.

Persons: homebuyers, Sofia Vyshnevska, Dan Hnatkovskyy, Vyshnevska, Hnatkovskyy, DR, Hnatkovsky Organizations: DR Horton Locations: homebuilders, United States

☆ Supreme Court returns for first private meeting of the term amid even more controversy
▼ + stars: | 2023-09-26 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +8 min

CNN —The Supreme Court returns to Washington to face a new term and the fresh reality that critics increasingly view the court as a political body. Earlier this year, Roberts declined an invitation to appear before the Democratic-led Senate Judiciary Committee to discuss Supreme Court ethics, citing separation of powers concerns. Even if he did believe a formal ethics code is necessary, it’s unclear whether he would need a unanimous vote to move forward. Instead, they say, critics of the court are manufacturing a controversy to delegitimize the institution and staunch the flow of conservative opinions. Last week, she told an audience in Indiana that she thought it would be a “good” idea if the court were to adapt the ethics code used by lower court justices to fit the Supreme Court.

Persons: Donald Trump’s, Roe, Wade, John Roberts, Roberts, Joe Biden’s, ”, Justice Elena Kagan, Sonia Sotomayor, Ketanji Brown Jackson, “, ” Kagan, Clarence Thomas, Samuel Alito, ” Cate Stetson, Hogan Lovells, Dick Durbin, Durbin, recuses, Carrie Severino, Alito, forthrightly, ” Alito, “ I’ve, Elena Kagan, Amy Coney Barrett, Brett Kavanaugh Organizations: CNN, Democratic, Conservative, Cato Institute, Democrat, Judicial, Crisis Network Locations: Washington, Congress, Indiana, Lake Geneva , Wisconsin, Ohio

☆ How can you tell if a job is right for you? Ask these 'overt questions,' organizational psychologist says
▼ + stars: | 2023-09-21 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

"You have to be an expert question asker, your best investigative journalist skills should come out during a job interview." "You have to be an expert question asker, your best investigative journalist skills should come out during a job interview." According to Martin, job satisfaction comes when your expectations for the following three areas are aligned with what a new job can offer. Asking overt questions about how work gets down and who succeeds can be a really nice way to gauge where you are. "Asking overt questions about how work gets done and who succeeds can be a really nice way to gauge where you are," Martin added.

Persons: Andre Martin, asker, —, Martin, it's, they're Organizations: CNBC, Gallup

☆ Zara owner Inditex profit jumps 40% as price rises slow
▼ + stars: | 2023-09-13 | by ( ) www.cnbc.com time to read: +3 min

Zara owner Inditex on Wednesday beat expectations with a 40% jump in half-year net profit despite the world's biggest fast fashion company slowing the pace of its price increases. The company posted a net profit of 2.5 billion euros ($2.7 billion) for the six months to July 31, outpacing a 2.38 billion euro market forecast according to data from LSEG. Inditex sales rose 13.5% to 16.9 billion euros and a gross margin of 58.2%. With a big share of its costs in euros, Inditex said it expects currencies to have a -3.5% impact on sales this year, worse than the -2.5% impact it expected previously. Inditex was among the first fashion retailers to raise prices in response to surging inflation early last year.

Persons: Inditex, Bernstein, William Woods, Richard Chamberlain, Steven Meisel, Linda Evangelista Organizations: Zara, Bank of America, Royal Bank of Canada, Reuters Locations: Zara, New York, LSEG, Madrid, United States, Spain

☆ China denies any iPhone ban for government staffers. Here's our take on why Apple stock isn't popping
▼ + stars: | 2023-09-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

AAPL YTD mountain Apple (AAPL) year-to-date performance Many analysts on Wall Street echoed our sentiments, with Credit Suisse calling the recent market reaction "overblown." Jim forecasted Wednesday that Apple stock will likely go higher over the next three months, as consumers begin to trade in their older Apple devices for the company's new offerings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Customers line up to enter an Apple store as iPhone 14 series go on sale on September 16, 2022 in Shanghai, China.

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: Wednesday, Apple, Club, China's Ministry of Foreign Affairs, Street, Credit Suisse, Huawei, CNBC, Visual China, Getty Locations: China, Shanghai

☆ Analysis: India is hosting G20 as the world is in crisis but for Modi it's also a chance to shine
▼ + stars: | 2023-09-08 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

Chinese leader Xi Jinping will be absent from the gathering, with Beijing giving no reason for the surprise miss – a move widely seen as a snub to India. Nevertheless, analysts say the gathering affords Modi a unique chance to shine on the world stage and flex India’s geopolitical muscle. India can act as a bridge,” said Kajari Kamal, associate professor at the Takshashila Institution in India. “For a long time, India was perceived as a nation of over 1 billion hungry stomachs,” Modi said in an interview with the Press Trust of India on Sunday. “It’s giving a great boost to infrastructure domestically, and to the world, it’s showcasing India’s culture and its rich heritage,” she added.

Persons: Narendra Modi, Modi, Modi’s statecraft, Xi Jinping, Vladimir Putin, Joe Biden, Mikhail Svetlov, ”, Kajari Kamal, ’, ” Modi, “, Kamal, It’s, Putin, Biden, Akhil Ramesh, Xi, Putin –, Michael Kugelman, it’s, Ramesh Organizations: CNN, Indian, Beijing, Kremlin, East, Takshashila, Press Trust of India, Pacific Forum, South Asia Institute, Wilson Center, Ukraine, White, Shanghai Cooperation Organization, SCO, Union, Pacific Locations: New Delhi, Ukraine, China, Russia, India, Russian, Moscow, Osaka, Japan, South, “, Australia, United States, Britain, East, Honolulu, Washington, Kremlin Moscow, Delhi

☆ Concerns about Apple in China hit two other Club stocks. Here's where we stand on all three
▼ + stars: | 2023-09-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Club holding Apple (AAPL) isn't in danger of losing its footing, despite a recent market sell-off spurred by reports China is cracking down on iPhone usage. Still, Apple remains an "own-it don't-trade it" stock in the Club portfolio, as its standing as an aspirational brand in China shouldn't be affected by the government's apparent decision. Apple CEO Tim Cook "isn't just riding around saying, 'Boy, I sure hope China doesn't cut us off.' But if China were to confirm the new rules targeting iPhones, Apple is well-positioned to weather any near-term headwinds. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Tim Cook, Cramer, —, Jim, Apple, Morgan, Morgan Stanley, Truist, DuPont, Jim Cramer's Organizations: Apple, Street, Bloomberg, Club, Broadcom, DuPont de Nemours, Huawei, DuPont Broadcom, CNBC, Getty Locations: China, Beijing, India, AVGO, Greater China, Wuhan

“This is hugely important, both practically and symbolically,” said Tim Franklin, director of the Local News Initiative at Northwestern University's Medill journalism school. The Carnegie Corp., the Democracy Fund, the Ford Foundation, the Robert Wood Johnson Foundation and MacArthur are among a group of 20 initial funders. Philanthropies that recognize the need to strengthen democracy are beginning to see that progress on many different issues depends on the public's understanding of facts, said John Palfrey, MacArthur Foundation president. He said he expected other funding will be added in the coming months to boost the commitment beyond $500 million. Struggling local news sources have also attracted the attention of state governments, where things like tax breaks for advertisers or subscribers are being discussed, he said.

Persons: ”, Tim Franklin, Robert Wood Johnson, John Palfrey, Franklin, there's, “, Alberto Ibarguen, John S, James L, Ibarguen, wasn’t, ” Ibarguen, he's, Tom Rosenstiel Organizations: MacArthur Foundation, Foundation, Press, Local, Initiative, Northwestern University's Medill, Carnegie Corp, Democracy Fund, Ford Foundation, Robert Wood Johnson Foundation, MacArthur, Associated Press, Knight Foundation, Texas Tribune, Shawnee Mission, University of Maryland Locations: United States, Northwestern, Shawnee, Kansas, Richland, Ohio, Chicago, Dallas , Texas, Pennsylvania, Minneapolis, Boston, Dallas, Seattle, Philadelphia

☆ New signals about where shoppers are spending their money put one of our retail stocks in the sweet spot
▼ + stars: | 2023-09-07 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

The consumer is expected to remain resilient this year, but some retailers will benefit more than others. Consumer spending drives the U.S. economy, accounting for 68% of gross domestic product — and several analysts on Wall Street forecasted that spending will remain strong through 2024. However, the prioritization of that spending will result in winners and losers. At the same time, they expect spending growth for essentials to slow, thereby leaving more money left over for discretionary purchases. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Goldman Sachs, Goldman, Bernstein, That's, —, TJX, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: Wall, Goldman, —, TJX, Ross Stores, Burlington, Loop, Marshalls, Apple, TJX Companies, Jim Cramer's Charitable, CNBC, Maxx Locations: 4Q23, TJX, Maxx, Burlington, Pasadena , California

☆ What China's potential iPhone ban could mean for Club name Apple
▼ + stars: | 2023-09-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

AAPL YTD mountain Apple (AAPL) year-to-date performance Beijing's new rules, as reported by the Journal, come weeks before Apple's highly-anticipated launch event for the nascent iPhone 15 on Sept. 12. China accounts for about 40 million to 50 million iPhone units for Apple, according to Bank of America. The firm estimated Wednesday that the reported new Chinese ban could result in a 5 million to 10 million-unit headwind for Apple. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Customers try out new iPhones at an Apple store as iPhone 14 series go on sale on September 16, 2022 in Shanghai, China.

Persons: Apple's, iPhones, Jim Cramer's, Jim Cramer, Jim Organizations: Apple, Street, Huawei, Journal, Bank of America, CNBC, Visual China, Getty Locations: China, Beijing, U.S, India, Shanghai

☆ Mattel to release Barbie Women in Sports, it's 2023 Career of the Year doll
▼ + stars: | 2023-09-06 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

She’s conquered the box office over the summer, breaking numerous records and turning the “Barbie” movie into a $1 billion global sensation. Mattel, on Wednesday, unveiled Barbie Women in Sports, its 2023 Barbie Career of the Year-themed dolls. Mattel announced its 2023 Barbie Career of the year-themed dolls, representing women's careers in sports. Sports Reporter Barbie wears a patterned purple dress with black heels and carries a pink Barbie notebook and microphone. The ‘Barbie’ movie opened July 21.

Persons: New York CNN — Barbie, She’s, Barbie, Barbie ”, ” Mattel, Lionel Messi’s, Mattel, Jen Welter, Barbie Fashionistas Organizations: New, New York CNN, Warner Bros, Warner Bros ., Mattel, Sports, Adidas, Inter Miami, Voice, NFL, Arizona Cardinals, billings Locations: New York

☆ 13% of Americans have a disability—what this means during the job application process
▼ + stars: | 2023-09-06 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +5 min

But this percentage is likely an undercount, Mia Ives-Rublee, disability justice initiative director at the Center for American Progress, tells CNBC Make It. Employers aren't allowed to ask you about your disability status in a job interview, so why are they allowed to include a voluntary question on a job application? "Legally, it cannot be flagged on your application," Ives-Rublee says. The choice to self-identify on a job application, or once you are hired into a company, is a deeply personal one, Ives-Rublee acknowledges. It is, of course, up to you to decide if or when you are comfortable disclosing your disability status — even if you know the self-identification will be kept confidential during the job application process.

Persons: Mia Ives, it's, Ives, Rublee, Employers aren't Organizations: Pew Research, Center for American, CNBC, Ives, Employers, Rehabilitation, U.S . Department of Labor, U.S . Department, Labor's Locations: United States

I don’t know if the camera saw me looking up,” said Gauff, who was scheduled to play in the quarterfinals in Ashe on Tuesday. From the Biebers to the Obamas, from New York Jets quarterback Aaron Rodgers to New York Yankees slugger Aaron Judge, from retired ski racer Lindsey Vonn to director Spike Lee, the bold-faced names keep swinging by the U.S. Open. Some of them want to see a specific player,” U.S. Tennis Association spokesman Chris Widmaier said. So I didn’t know until after the match,” Gauff said. “I’m going to never forget that moment for the rest of my life.”___AP tennis coverage: https://apnews.com/hub/tennis

Persons: — Coco Gauff, Arthur Ashe, Justin, Hailey Bieber, “, ”, Gauff, Ashe, aren’t, Aaron Rodgers, Aaron Judge, Lindsey Vonn, Spike Lee, Chris Widmaier, “ Frances Tiafoe, Coco Gauff, Novak Djokovic, Roger Federer, Serena Williams, it’s, they're, Widmaier, Pusha, Tiafoe, Carlos Alcaraz, J Balvin, Ben Stiller, Justin Bieber, ‘, ’, Hailey, Michelle Obama, Barack Obama, Biden, Clinton, ” Gauff, “ I’m Organizations: U.S, New York Jets, New York Yankees, U.S ., U.S . Tennis, USTA, MTV Locations: Flushing Meadows, New, U.S, —, Maryland, Florida

☆ Elon Musk has unprecedented influence that spans multiple industries — and our fate is in his hands
▼ + stars: | 2023-09-02 | by ( Peter Csathy | Fearless Media | ) www.businessinsider.com time to read: +7 min

Fearless Media is a newsletter about the future of entertainment, media, and tech by Creative Media chairman Peter Csathy . Elon Musk's wields immense influence that spans technology, space, communications, and transporation. And I'm not just talking about global communications and Twitter/X's strategic importance to the worlds of media and entertainment, not to mention global leaders themselves. Musk, in many ways, rules our lives, yet few of us — apparently including governments like our own — fully appreciate that. Musk also controls nearly 5,000 satellites with StarlinkMany forget that Musk also controls the skies well above us all around the globe.

Persons: Peter Csathy, Elon Musk's, transporation, Elon Musk, I've, Musk, we're, Tesla, Let's, Steve Jobs Organizations: Creative Media, Morning, Fearless Media, Elon, Libertarian, SpaceX, NASA, Ford, General Motors, Company, FDA, PayPal, Twitter, Creativie Media Locations: Ukraine, Russia, China

Mercedes will also offer a lithium-iron-phosphate, or LFP, battery in the new CLA model lineup due to hit showrooms in early 2025, a first for any Mercedes EV, the CEO said in an interview. Mercedes will preview the future electric CLA with a prototype to be unveiled at the IAA auto show in Munich, Germany on Sunday. Getting more driving range using less energy from the battery is the key target for the German automaker's future EV development, Kaellenius said. Driving range remains a critical competitive benchmark in the EV market. Mercedes engineers have been testing ways to improve EV efficiency using long road trips in a prototype vehicle called the Vision EQXX.

Persons: Ola Kaellenius, Mercedes, Tesla, Kaellenius, Joe White, Susan Fenton Organizations: DETROIT, Benz, Reuters, EV, Tesla, Sunday, VW, Consumers, Thomson Locations: China, Munich, Germany, Europe, United States

☆ Social Media Is Dead: Instagram, TikTok Replaced by Group Chats, Messaging
▼ + stars: | 2023-08-30 | by ( Sydney Bradley | Amanda Perelli | ) www.businessinsider.com time to read: +15 min

Frustrated with the state of the platform, Breuning launched the "Make Instagram Instagram Again'' crusade in 2022. Influencers, marketers, average users, and even social-media executives agree: Social media, as we once knew it, is dead. Social media to social mediaNo app better defines the changing nature of social media than Instagram. "I'm honestly just tired of social media," said 23-year-old Walid Malb, who works in the creator economy. Amanda Perelli is a senior creator economy reporter covering social media influencers, advertising and marketing trends for Insider.

Persons: Tati, everyone's, Bruening, Breuning, algorithmically, Kylie Jenner, Adam Mosseri, Instagram, Jeffrey Gerson, Sarah Frier, Influencers, Mosseri, Hannah Stowe, Andrea Casanova, Casanova, I'm, Walid Malb, —, Gerson, Nina Haines, Victoria Johnston, Johnston, Lia Haberman, Alpha, they're, Haberman, wouldn't, Amanda Perelli, Bradley Organizations: Bloomberg, Apple, Twitter, UCLA, American Influencer Council, Social, . Locations: Instagram, New York, Similarweb, Castro, Geneva

☆ Colleen Hoover is the hottest author in America. She also may be the most controversial
▼ + stars: | 2023-08-27 | by ( Aj Willingham | ) edition.cnn.com time to read: +13 min

“Colleen Hoover books always leave me speechless and in tears,” one TikTok reader said. However, Hoover’s work, she says, blurs that line with the addition of painful – and decidedly non-aspirational – narrative arcs. She pointed out what she saw as a pattern in Hoover’s books of women who endure disturbing behavior from their partners. Probably not.”Blake Lively and Justin Baldoni are set to star in the movie adaptation of Colleen Hoover's book "It Ends With Us." Hoover’s books are cloaked in bright, fashionable colors, and her author website offers boutique-style merchandise with flowers and calligraphy and inside jokes from her books.

Persons: doesn’t, Colleen Hoover, Hoover, ”, Blake Lively, Stephen King, It’s, “ Colleen Hoover, Lily Bloom, Atlas Corrigan, Ryle Kincaid, Lily, Ryle, –, influencer Whitney Atkinson, Atkinson, Colleen Hoover's, AJ Willingham, CNN Atkinson, ” Atkinson, “, ” Hoover, “ I’ve, Jenna Bush Hager, ” Amanda Diehl, Smart, “ I’m, Jennifer Prokop, ” Blake Lively, Justin Baldoni, Critics, ” Prokop, — that’s, problematically, Chick, ” Diehl, Diehl, that’s, it’s Organizations: CNN, New York Times, Trade, YouTube, ” CNN, “ Trade Locations: Texas

☆ China's richest people are leaning hard into quiet luxury, wielding stealth wealth like a weapon and scorning their flashy, label-chasing peers
▼ + stars: | 2023-08-26 | by ( Mary Hanbury | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +12 min

And rich Chinese people are leaning in, ditching "logo hunting" in favor of elegance, experts say. In a similar vein to the US and Europe – the "quiet luxury" aesthetic has emerged as a reaction to the economic climate. Chinese social media's got quiet luxury down to a sciencePeople have posted tutorials and photos on the “laoqian” style on China’s Pinterest-like site, Xiaohongshu. XiaohongshuTo be sure, there's being rich and looking rich, and the latter is where it's at on Chinese social media. WeiboSome influencers have also uploaded video tutorials on the "laoqian" style, to guide people on how best to dress for success.

Persons: that's, Dior, Gucci, Louis, Rich, Tom Wambsgan, Chukrut, you've, Javier Gonzalez Lastra, it's, Xi Jinping's, Milton Pedraza, Pedraza, media's, you'll, Richemont, Louis Vuittons, Thomaï Serdari, Joe, they're Organizations: Service, Bain, Co's, Burberry, Louis Vuitton, Getty, West, Ivy League, China Morning Post, Crazy, Luxury Institute, Twitter, NYU's Stern School of Business Locations: China, Wall, Silicon, America, bucketloads, Shanghai, Europe, Tema, Nanjing, Nikada, Beijing, Weibo

☆ Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month
▼ + stars: | 2023-08-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

A 2024 Chevrolet Silverado EV RST all-electric pickup truck on display at the International Auto Show at the Jacob Javits Convention Center in New York on April 13, 2022. Tight inventory and sky-high prices have kept interested truck buyers on the sidelines, but as the market cools, shoppers are coming across better deals. Pickup trucks have larger fuel tanks, allowing these vehicles to have longer ranges. Additionally, pickup trucks are beneficial for the work many people do in these areas, such as farming, ranching and energy production. Thus, owning a pickup truck can be key in regions with lots of heavy-duty, hands-on work, Waatti said.

Persons: Jacob Javits, Tom McParland, Paul Waatti, they've, Waatti, you've Organizations: Silverado EV RST, International, Jacob Javits Convention, China News Service, Buyers, Automatch Consulting, Cowboys, Silverado, ZR2 Bison, Texas, Automatch Locations: New York, Texas, Wyoming

☆ Ferrari CEO says nearly a third of new buyers are under 40, even as wait lists grow
▼ + stars: | 2023-08-22 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

"We are a brand that is not looking for volume," Ferrari CEO Benedetto Vigna told CNBC in an exclusive interview from Pebble Beach. Founder Enzo Ferrari famously said Ferrari would produce "one less car than the market demand." Ferrari Purosangue Source: FerrariVigna said that despite limited supply, the company continues to expand its reach among younger, new clients. Vigna added that buying a Ferrari should never be easy or quick, since it's the ultimate aspirational car. "Getting a Ferrari is an experience that starts from the time you first see a Ferrari," he said.

Persons: Ferrari, Benedetto Vigna, Francesca Volpi, Enzo Ferrari, Ferrari Vigna Organizations: CNBC, Ferrari, Ford, General Motors, Ferrari NV, Bloomberg, Getty Locations: Pebble Beach, Maranello, Italy

☆ Jefferies upgrades this golf stock with more than 50% upside
▼ + stars: | 2023-08-21 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Jefferies thinks golf heavyweight Acushnet is primed for strong gains going forward. The firm upgraded the parent company of golf equipment maker Titleist to buy from hold and raised its price target to $84 from $61 per share. "Looking ahead, GOLF is poised to defend its #1 share in golf balls and shoes, and gain share in #3 clubs, particularly metals, through broader appeal; while expanding margins on steady MSD% [mid single-digit] revs," Konik said. The analyst added that Achushnet also maintains underappreciated growth potential stemming from the company's customization options for a range of its products including balls, gloves and shoes. GOLF YTD mountain GOLF in 2023 — CNBC's Michael Bloom contributed to this report.

Persons: Jefferies, Randal Konik, Konik, Achushnet, —, Michael Bloom

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