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10 Weirdest Beatles Covers Of All Time

Ever since the three-part documentary "The Beatles: Get Back" premiered on The Walt Disney Co.'s (NYSE: DIS) Disney+ streaming service, there has been an intense new focus on the Fab Four, with fans absorbing never-before-seen footage of the band in recording sessions and in their legendary final read more.....»»

Category: blogSource: benzingaDec 4th, 2021

51 gifts for teens that they won"t toss away in their closet, from a popular hair dryer to a tie-dye kit

The best gifts for teens are ones they'll actually want to use, like tech gadgets, beauty products, and cool accessories. Here are 51 unique gifts. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.One of the best gifts for teens is a portable, waterproof speaker they can bring with them on trips with friends.Amazon It's never easy to shop for a teenager, especially if their tastes change frequently. We rounded up 51 gifts to make it easier to find the perfect gadget, game, or accessory.  Browse all of Insider Reviews' gift guides for more great gift ideas. Being a teenager is tough, but trying to buy a gift for one is even harder: They can be picky and fickle when it comes to what products they want. Sometimes, the best way to show a teen that you care is just to listen, and sometimes it's a thoughtful gift to show them you see them.To make the gift search easier, we curated 51 gifts ranging from a card game to a smartwatch to a quick-drying hair towel at various price points to ensure as many options as possible.If you are still unsure of what to get (and you can't ask them directly) try consulting their friends. Either way, a smart general rule of thumb is to make sure your gift is returnable. The 51 best gifts for teens: A tie dye kit they can use for a fun at-home activityTargetTulip 37pc One Step Tie Dye Kit, available at Target, $9.99They can revitalize white clothes and spend a few hours having fun doing something creative, whether solo or with family or friends.This one-step hair dryer brushElana Rubin/InsiderRevlon Salon One-Step Hair Dryer and Volumizer Hot Air Brush, available at Target, $54.99Who doesn't love a one-step tool that feels luxurious? This popular round brush acts as a hairdryer while they brush, giving their hair volume without much finesse or time. You can find a full review of the Revlon One-Step here. An Apple AirTag to keep track of their belongingsLisa Eadicicco/InsiderApple AirTag, available at Target, $29.99The teenager in your life can attach this tag to their backpack, wallet, keys, or any other easily lost item and find it easily with the Find My app whenever they've misplaced it. Using the app, they can opt for the tag to play a sound until they've found their keys sandwiched between couch cushions or their wallet in the pantry.A board game that feels like a video gameAmazonCephalofair Games Gloomhaven Multi-Award-Winning Strategy Boxed Board Game, available at Amazon, $111.47This collaborative board game (good for one to up to four players) is sort of like Dungeons & Dragons, Magic the Gathering, and other cult-favorite fantasy adventure games that forces its players to contend with monsters and mercenaries, explore a new world, and discover treasure and fame. Players make tactical decisions, and the game unfolds in reaction to their choices. Disposable cameras to help them stay in the momentAmazonFujifilm Instax Mini 9 Instant Camera, available at Amazon, $69.04Funsaver One Time Use Film Camera (2-pack), available at Amazon, $45.30Disposable cameras are popular right now, partly because of the nostalgic aesthetic of a polaroid and partly because of their simplicity. Spending so much time immersed in technology — and combatting the temptation to retake and edit photos in real-time — keep us from staying present.Disposable film cameras or polaroids help preserve memories without adding to their screen time. Plus, they give them cute photos to decorate their room with!Glossier's fan-favorite productsGlossierBoy Brow + Balm Dotcom + Futuredew Pack, available at Glossier, $42No-makeup makeup is in right now and, if your teen is into beauty products, they may appreciate a gift from Glossier, which is the "natural and glowy" brand Olivia Rodrigo says she wears in her Vogue beauty diary.We'd recommend a gift card or a pack like the Boy Brow + Balm Dotcom + Futuredew pack, which covers three of its fan-favorite products.A great bookAmazon"Ready Player One" by Ernest Cline, available at Amazon and Bookshop, from $11Books are an incredible gift if your teen is a reader. It can translate into hours of enjoyment at a minimum and, at its best, a favorite story that follows them well into adulthood.Plus, if you've read the book, it can also mean great conversations about it or movie adaptations to watch together. It's also a gift where money doesn't really matter; you can find a great read for $20 and spending more won't make much difference.Some book suggestions:"All the Bright Places," a popular YA book on TikTok"Scythe," a bestselling dystopian YA book similar to "The Hunger Games"The best young adult books, according to a teenagerThe best young adult romance booksThe best young people's literature of 2021 according to the National Book AwardsThe best books we read in our 20sAn eco-conscious tie-dye beanieFree The EarthFeel the Earth Breathe Tie Dye Beanie, available at Free People, from $40These unisex tie-dye beanies come in cool colors and with a unique plant logo. (To date, the Parks Project has reportedly contributed over $2,000,000 to help fund vital projects in national parks around the US).Ribbed beanies are big right now, à la the popular Carhartt beanie. If they've got that staple covered, the Parks Project also has tube socks. A splashproof, portable Bluetooth speaker perfect for outdoor tripsAmazonUltimate Ears Wonderboom 2, available at Amazon, $98This rugged, compact speaker can go with them anywhere. It's waterproof, has an "outdoor boost" button specifically for listening outside, is "drop-proof," and boasts a 13-hour battery life.A plush toy that they can heat upUrban OutfittersSmoko Mini Toasty Heatable Plushie, available at Urban Outfitters, $18Whenever they need some cozy comfort, they can heat up this cute animal-shaped heating pad for a snuggle.A portable phone chargerAmazonElecjet Powerpie Portable Charger, available at Amazon, $54.99This handheld charger can charge up your teen's smartphone or various devices like an iPad or small laptop so they can stay in touch, turn their paper in on time, or just never have to stress about 5% battery life.Sheet masks to go with a Netflix marathonAmazonTONYMOLY I'm Real Sheet Masks, available at Amazon, $26There are few things my 15-year-old sister loves more than oversized hoodies, Boba, and an endless supply of sheet masks. Grab a pack, throw them on, and make a night out of it with your teen's favorite candy and TV show.A pair of trendy, easy-to-use AirPodsAppleApple AirPods Pro with Charging Case, available at Target, $199.99If you're after the title of their favorite relative of the year, here's a good place to start. AirPods are both easy to use and functional as well as trendy. A Boba-shaped AirPods Pro caseUrban OutfittersSmoko Boba Tea AirPods Pro Case, available at Urban Outfitters, $18As I mentioned, part of my 15-year-old sister's ideal trifecta is Boba. You can pick up a cute, fun case no matter what their interest is — Baby Yoda, gaming, Boba, or whatever else. A Bluetooth water bottle speakerGrommetBluetooth Water Bottle Speakers, available at Grommet, $39.95This Bluetooth water bottle speaker offers a boost of hydration and fun for everyone. The water-resistant speaker resides at the top, ensuring greater sound quality that lasts 6-10 hours. It's the perfect accessory for them to bring to every hang-out session. A slim leather walletAmazonBellroy Slim Sleeve Leather Wallet, available at Amazon and Bellroy, $79This thin wallet is a subtle nudge toward minimalism, something many teens appreciate. The Bellroy Slim Sleeve wallet offers room for up to eight cards and a pocket to stash cash. It comes in a variety of colors and features environmentally certified leather.An eco-friendly phone casePelaPela Phone Case, available at Amazon and Pela, from $38.95Pela offers a wide variety of biodegradable cases for iPhone and Android, all made from plant-based polymers. Pela cases are rugged enough to offer drop protection, and if a phone has both a Pela case and screen protector but still cracks, Pela will cover the bill to get it fixed.A comfortable and sustainable Patagonia pullover they'll wear all the timePatagoniaLightweight Synchilla Snap-T Pullover, Men, available at Patagonia, $119Patagonia Women's Better Sweater 1/4-Zip Fleece, available at Patagonia, $119A Patagonia sweater is a particularly good gift for teens who are interested in sustainability. The company has been turning plastic bottles into polyester for its clothing since 1993 and continues to do so today.Its Snap-T pullover is the unofficial uniform of the cozy adventurer. It and the Better Sweater are long-held favorites, and both are comfortable classics that they'll no doubt come to rely on heavily during colder weather.Not sold on the Patagonia option? They may also appreciate the Acadia Recycled Polar Trail Fleece from the environmentally-conscious Parks Project.A gift card for stylish new glassesWarby ParkerGift Card, available at Warby Parker, from $50Teens are a notoriously picky bunch, so you can never go wrong with a gift card. If they're in the market for new glasses or sunglasses, we recommend Warby Parker because of its versatility, size flexibility, and free at-home try-on program. An Amazon Echo Dot for hands-free calls, alarms, music, updates on the weather, and moreAmazonEcho Dot (4th gen), available at Best Buy, $34.99The Amazon Echo Dot is the most popular Amazon device for a reason — it's compact and has all the capabilities of Alexa (weather updates, recipes, music, news) without any of the bulk. A smartphone-sized travel photo printerTargetHP Sprocket 200 Photo Printer, available at Amazon and B&H Photo, $79.99This tiny, compact device prints photos with sticker backing on ZINK film with Zero Ink technology. It connects to devices via Bluetooth, and multiple devices can connect at once (personalized LED lights indicate who's currently printing). String lights with clips for photosAmazon/Business InsiderPhoto Clip LED String Lights, available at Target, $10Perfect for creating the archetypal teen room that's most often seen in Netflix movies and old Taylor Swift music videos, the photo clip string lights combine warm light and Polaroids (or other memorabilia). A trendy Champion sweatshirtUrban OutfittersChampion Reverse Weave Fleece Crew Neck Sweatshirt, available at Urban Outfitters, $54Like Fila, Champion is a brand that's had a resurgence as of late. If you want to get them something they'll end up wearing all the time, this is a good candidate. A great video game"The Legend of Zelda: Skyward Sword HD" / Nintendo"The Legend of Zelda: Skyward Sword HD", available at Amazon, from $49.94If they're really into video games, all other gifts may pale in comparison to a really good new one. Check out "Hades," "NBA 2K22," and "The Legend of Zelda: Skyward Sword HD."A vinyl record membershipVinyl Me, PleaseGift Membership, 3 months, available at Vinyl Me, Please, $119There's no greater joy than adding to a record collection or playing a new album for the first time. Your recipient gets to choose from three different types of tracks each month and will also receive extra goodies in each package. They'll also get one bonus record as part of the three-month gift membership. A gentle facial cleansing device that removes 98.5% of dirt and makeupFOREOLuna 3 Facial Cleansing Device, Men, available at Foreo, $199Luna 3 Facial Cleansing Device, Women, available at Foreo, $199FOREO's cult-favorite Luna 3 cleansing device gently and effectively cleans with thin, antimicrobial silicone touch-points, and it removes 98.5% of dirt and makeup residue without irritating the skin. Plus, it's 100% waterproof and the battery life lasts for a few months per charge.This newest generation also offers an array of massages to tighten the skin for a youthful look. Find a full review on the previous generation Luna 2 from a female reporter and a male reporter here.Comfortable lounge pants that look put-togetherMeUndiesThe Lounge Pant, Men, available at MeUndies, $68The Lounge Pant, Women, available at MeUndies $68MeUndies is a popular LA startup that makes some of the most comfortable underwear we've ever tried. Their lounge pants, however, are the real hidden gem — perfect for lounging around on weekend mornings or heading to the dining hall when they get to college (yep, they'll last that long) while still looking sleek.A subscription to a famous book club that sends them great hardcovers each monthBook of the Month/Instagram3-Month Gift Subscription, available at Book of the Month, $49.99If your teen is a bookworm, Book of the Month is an especially cool gift. It's a book club that has been around since 1926, and it's credited with discovering some of the most beloved books of all time (like "Gone with the Wind" and "Catcher in the Rye" to name a couple).If you gift them a subscription, they'll receive a hardcover book delivered once a month. Books are selected by a team of experts and celebrity guest judges.If they're really more into audiobooks or e-reading now rather than hardcovers, check out a gift subscription to Scribd (full review here).An Apple Watch that combines their smartphone with a fitness trackerAmazonApple Watch SE GPS, 40mm, available at Apple, from $279If you have a little extra to spend on your teen, consider getting them a smartwatch. The Apple Watch SE is like a smartphone, fitness tracker, and music player all in one. Just like on their phone, they can customize the watch to show their favorite apps to pick, including social media.A cute iPhone caseSociety6Coffee Reading iPhone Case, available at Society6, $22This fun iPhone case is funny and unique, and most of their friends probably won't have the exact same one. Reusable strawsAmazonHiware Reusable Silicone Straws (10-pack), available at Amazon, $6.99Help teens do their part to keep single-use plastics out of trash bins, landfills, and the ocean by giving them this pack of reusable silicone drinking straws. They come in various colors and include a few cleaning brushes as well.A set of velvet retro-inspired scrunchiesAmazon/Business InsiderHair Scrunchie Variety Pack, available at Target, $6.99Another trendy gift is as many scrunchies as you can carry. This pack comes with 12 options in enough colors to work with virtually any outfit or mood. A multicolor mini cinema light boxUrban OutfittersMulticolor Cinema Light Box, available at Uncommon Goods, from $20These trendy lightboxes are inspired by cinema marquees, and they come with 100 letters and symbols for personal messages. This one also has color-changing LED lights for further customization.Fun and useful PopSockets for the back of their phoneAmazon/Business InsiderPopGrips, available at PopSockets and Amazon, from $10PopSockets have become their own cultural phenomenon in recent years, and they're surprisingly useful. Get your teen one for their own phone or tablet, and depending on their age, you may find it's the gift they're most excited about. It doesn't hurt that there's free domestic shipping on orders over $20, or that you can actually design your own.A waterproof e-reader with a no-glare screenAmazonAll-New Kindle Paperwhite, available at Amazon, $129.99Amazon's Kindle Paperwhite is its thinnest, lightest version. It also has double the storage, a built-in light that adjusts to accommodate reading indoors or outdoors, and is waterproof for reading anywhere, including the beach or bath. Plus, a single battery charge lasts weeks rather than hours.Cool backpacks from a popular startup with a charitable missionSTATE Bags/FacebookState bags and accessories, from $15State bags are increasingly popular thanks to their versatile, laid-back aesthetic and characteristically bright nylon colorways. They're also known as #GiveBackPack(s), because for every State bag purchased, State hand-delivers a backpack — packed with essential tools for success — to a local child in need. The Lorimer and Bedford are two of the company's best sellers.A three-month subscription of beauty productsBirchBox3-Month Subscription, available at BirchBox, $45Teens are usually among the most interested in the latest and greatest beauty or grooming products — but may lack the funds to try all the full-sized versions. Birchbox sends samples of new and beloved products once a month, so they can test out new finds and discover products they may want to buy a full size of in the future. (It's also just fun to get an ongoing gift.)Personalized NikesNikeCustomizable Nikes, available at Nike, from $120Nike makes great stuff, but it's nice to get the benefits of a great shoe without forsaking what makes something unique. You can customize a pair of Nikes for them, or give them a gift card so they can get creative making something one-of-a-kind on their own.A great Alexa-enabled speaker they can control by voiceSonosSonos One Smart Speaker, available at Sonos, from $219The new Sonos One smart speaker fills any room with clear, rich sound, and they can use Alexa to play and control their music without ever lifting a finger. Find a full review here.A cult-favorite hair towel that reduces damage and cuts drying time by 50%Aquis/Business InsiderAquis Rapid Dry Hair Towel, available at Amazon and Sephora, from $20.99Aquis' cult-favorite hair towels can cut the amount of time it takes your hair to dry in half — a claim we're happy to report holds up. The proprietary fabric also means there's less damage to wet hair while it dries. If they've ever complained about frizzy hair, this and a silk pillowcase are thoughtful gifts they'll actually use. A Disney+ subscription for access to classic movies and moreDisney PlusDisney+ Gift Subscription Service, available at Disney, $79.99/yearDisney Plus is the new Disney-centric streaming service. The platform includes Disney, Pixar, Marvel, Star Wars, National Geographic, and 20th Century Fox. You can gift a whole year of access for $80, which is something their entire family can benefit from.If you'd rather test Disney Plus out before buying, you can sign up for a free weeklong trial.A suitcase with an ejectable battery that can charge their devices on the goAwayThe Carry-On, available at Away, from $225Travel startup Away makes a great carry-on thanks to an ejectable battery that can charge devices seamlessly on the go, 360-degree wheels, and a lightweight build that travels easily. In other words, it takes a lot of the angst out of travel and may make family trips far more enjoyable and stress-free.Durable sunglasses that look good, tooAmazonSmith Optics Lowdown2, available at Backcountry, $129Who better to make a pair of durable, performance-based sunglasses than the company known for innovating the ski goggle? The Lowdown2 features bio-based materials for the frame, ChromaPop lens technology which creates high contrast and vibrant colors, and an anti-reflective smudge-resistant coating.Plus, the brand offers peace of mind with free shipping, 30-day returns, and a lifetime warranty.Comfortable, high-quality sheets that come in lots of colors and patternsBrooklinenLuxe Hardcore Sheet Bundle, available at Brooklinen and Amazon, from $240We think Brooklinen makes the best high-end sheets at the best price on the market, and most of the Insider Reviews team uses Brooklinen on their own beds. It's perfect for lazy Saturday mornings or the rare occasion sleeping in is encouraged.The Luxe Hardcore Sheet Bundle comes in 15 colors and patterns that range from classic to fun, and you can mix and match them to suit their preferences. Grab a gift card (delivered digitally) if you want to give them more freedom.Fidget ballsSpeksSpeks 2.5mm magnet balls, available at Speks, $34.95Made from rare earth magnets, these tiny balls can be molded into an infinite number of shapes and designs. The size of Speks balls makes them ideal for teens to keep with them for those unpredictable moments of nervousness that fill those teenage years.A pack of smart plugs so they can control devices from a distanceAmazon/Business InsiderTP-Link KIT WiFi Smart Plug, 2-Pack, available at Amazon, $35.99Whether they're wondering if they turned off their hot iron or just don't want to get up to turn off the TV, a smart plug lets them control devices from a distance. You can connect to them using any smart device.A Time-Turner clock that actually spinsHarry PotterHarry Potter Time-Turner Clock, available at Pottery Barn, $79It may not be able to take them back in time or help them be in two places at once, but this Time-Turner clock will help them stay on top of their schedule. It even has a functional hourglass on the back so they can time their study breaks. A toothbrush with a timerAmazonOral-B Pro 1000 Electric Toothbrush, available at Amazon, $39.97Rigorous dental hygiene isn't usually on the top of the list of things teens care about, which is all the more reason a rechargeable toothbrush with a timer is a fantastic gift. This rechargeable brush breaks up 300% more plaque on the gum line than traditional brushing and lets them know when two minutes have passed.Compact hand sanitizer sprayTouchlandTouchland Power Mist Hand Sanitizer, available at Touchland, $9It's in the car, the house, and their pocket these days, but many hand sanitizers can smell a little like household cleaner. Touchland comes in scents like Vanilla Cinnamon and Forrest Berry, or keep it simple and choose unscented.The compact sanitizer features 67% alcohol for killing germs but balances it with soothing aloe vera and essential oils to hydrate the skin. A lottery card that donates to charitiesLottoLove/Business InsiderLottoLove Card, available at LottoLove, from $5When you gift this lottery card, you're actually giving the gift of charity. When you "win big," you're winning a charitable prize that gets donated to nonprofits in one of four categories: Clean water, solar light, nutritious meals, or literacy tools. To date, LottoLove and its partners have impacted lives in over 70 countries.Gift cards for concert tickets, food, and clothesChipotleYou can't go wrong with money for their favorite things, especially for teens who are often relying upon part-time jobs to fund their frequent Chipotle meals and concert trips with friends. Check out more gift card ideas here.Everything: Visa Gift Card / Amazon Gift CardCoffee and food: Starbucks Gift Card / Chipotle Gift CardEntertainment and live events: Netflix Gift Card / Xbox Gift Card / Hulu Gift Card / StubHub gift cardMusic: Spotify Gift CardSheets: Brooklinen Gift CardGroceries and food: Whole Foods Gift Card / Chipotle Gift CardClothes: Nordstrom Gift Card / Everlane Gift CardTech: Best Buy Gift CardRead the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 13th, 2022

Judge tells ex-prison guard convicted of sexually assaulting a female inmate he can join the military or go to jail

A judge told a man who admitted to sexually assaulting a shackled inmate to chose between jail or the military, saying: "You are under the gun, young man." A Kentucky judge ordered Brandon Scott Price, a 28-year-old former jail guard convicted of sexually assaulting a female inmate, to enlist in the military rather than serve jail time.Franklin Countil Jail A judge in Kentucky offered a man convicted of sexual assault the option to rejoin the military in lieu of jail time this month. Brandon Scott Price, 28, was convicted of sexually assaulting a female inmate at Franklin County Regional Jail where he worked as a guard.  While judges are free to make these determinations, military regulations prevent applicants from being court-ordered into service without a waiver.  A Kentucky judge ordered an Army veteran convicted of sexual assault to rejoin the military or go to jail, The State Journal reported Friday.Brandon Scott Price, a 28-year-old former prison guard, was convicted of sexually assaulting a female inmate at the Franklin County Regional Jail. Price was initially charged with third-degree sodomy, which is a Class D felony, but he pleaded down to a lesser charge of second-degree assault, a Class A misdemeanor, his attorney told Insider.Judge Thomas Wingate sentenced Price on Friday to 12 months in jail, suspended for two years, but said Price could avoid jail time if Price enlisted in the military within 30 days, according to The State Journal of Frankfort, Ky. "If you don't enroll in 30 days, you can report to the Franklin County Regional Jail," Wingate said. "You are under the gun, young man. You gotta do it."Despite the judge's request, however, enlistments are subject to military regulations that would require Price to seek a waiver for his sexual assault conviction from military officials. The military has spent more than a decade struggling to limit sexual assault among troops and punish perpetrators. A female inmate claimed that she was sexually assaulted and filed a lawsuit against Franklin County and several former jail staff, including Price, in July 2019.According to the lawsuit, in January 2019, the inmate experienced a medical emergency and needed to be transported to the hospital. "Though Price's shift was near its end, Price volunteered to transport (the inmate) to the hospital," the lawsuit explained. "Price transported (the inmate) alone, in violation of Jail policy and industry standards and practices."Price stayed with the inmate for five hours at the Frankfort Regional Medical Center while making "sexually-charged comments" to her and talking about his connections to someone responsible for parole decisions at the Kentucky Department of Corrections, the lawsuit alleged.On the way back to the prison from the medical facility, Price pulled the van he was driving over and assaulted the woman, according to the suit. The lawsuit alleges Price propositioned the inmate with an offer to help her get early release in exchange for a sex act, and then assaulted the woman while she was shackled.When Price was interviewed about the incident he said he "made a stupid mistake" and "let a female inmate touch me inappropriately." He was later arrested after an investigation by jail officials. "You're getting a huge break," Wingate said during Price's sentencing. "You made a terrible mistake, which I know personally cost the county money."While judges are free to make these determinations, they carry very little legal weight. Army Regulation 610-210 — which covers Army recruitment guidelines — says that an applicant is ineligible if "as a condition for any civil conviction or adverse disposition or any other reason through a civil or criminal court, [they are] ordered or subjected to a sentence that implies or imposes enlistment into the Armed Forces of the United States." Applicants can apply for a waiver, but must demonstrate "sufficient mitigating circumstances that clearly justify approving the waiver." The history of these waivers is murky, at best. During the War on Terror the military granted thousands of moral waivers for drug offenses, violent felonies and sex offenders. One such beneficiary, Steven Green, had three misdemeanor convictions before enlisting in the Army where he ended up at the center of a notorious war crime committed in Iraq in 2006. Price's attorney told Insider that he previously served in the Army, which is why the judge decided on the terms of his probation. "It is not uncommon for judges to put unique conditions like this based on the defendant that is in front of them and create conditions that will best serve them to stay on the straight and narrow," Whitney Lawson, an attorney for Price, told Insider. "It's just that this one happened to have the military element to it."Lawson said Price has already started the process of renlisting, but it has been difficult. "The problem is, you can ask ten people whether he can reenlist and in what branch and they'll give you nine different answers so we're trying to work through that," Lawson told Insider. It's unlikely Price would be granted a waiver for his get-out-of-jail-free card, but this isn't the first or last time a judge or lawmaker will equate jail with military service. In December, Florida Senator Darryl Rouson (D-St. Petersburg) filed a bill in the state legislature that would allow those convicted of nonviolent misdemeanors to enlist rather than go to jail. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 13th, 2022

Abbott"s (ABT) Proclaim XR SCS Gets FDA Nod for New MRI Label

The latest FDA approval is set to augment Abbott's (ABT) Neuromodulation arm, which is having a hard time amid the COVID spell due to its elective nature of business. Abbott Laboratories ABT recently received a new FDA approval with its Proclaim XR spinal cord stimulation system (SCS) for people with chronic pain. This time the regulatory body has approved an expanded magnetic resonance imaging (MRI) compatibility for the Proclaim XR platform with Octrode leads.Per Abbott, with the expanded MRI labeling, patients who are implanted with Proclaim XR SCS device can benefit from higher quality images with faster MRI scan times.This latest approval will augment Abbott’s Neuromodulation arm, which is having a hard time amid the COVID spell due to its elective nature of business.Proclaim XR SCSSCS is an implanted device that helps relieve chronic pain by sending low levels of electricity directly into the spinal cord.Abbott’s Proclaim XR Recharge-Free SCS system allows patients to attain relief from chronic intractable pain of the trunk and limbs. By delivering low doses of stimulation, the system's battery can last up to 10 years without the burden of recharging.The MRI LabelingAccording to Abbott, MRI scanners use powerful magnets and radiofrequency energy to create detailed images of the inside of the body. However, it’s a matter of concern that how these magnets and radiofrequency energy could impact the placement of implantable devices, imposing restrictions on the use of MRIs when a patient has a particular device.In such a scenario, it becomes necessary to find an imaging facility willing to modify the workflow and work within the MRI labeling limitations of the patient's implant.Advantage of the Expanded MRI LabelingThe new MRI labeling by Abbott claims to lift MRI restrictions for lead tip location and the amount of radiofrequency power that can be used as part of the normal operating mode of an MRI scan. The expanded labeling covers the majority of Proclaim XR patients, providing additional benefits to those patients and their health care providers.Image Source: Zacks Investment ResearchAbbott noted that with the new labeling, Octrode lead tips can be placed anywhere along the spine and still be considered MR Conditional (means a patient can undergo MRI scans within the approved outlined conditions). Radiofrequency energy no longer needs to be limited with Proclaim SCS and Octrode devices as long as the MRI is in the normal operating mode.This new labeling also reduces scan time to the permissible range. Patients with a Proclaim XR SCS device only need to wait 30 minutes between scan cycles of 30 minutes. In general, the FDA requires radiologists to pause MRIs for anywhere from 30 to 60 minutes between scan cycles for patients with implants.Further, the label update will also benefit existing patients implanted with Proclaim XR SCS Systems with Octrode leads improving their access to MRI imaging.Industry ProspectsPer a report by Market Data Forecast, the global SCS market was estimated at $1,871.6 million in 2018 and is expected to reach $2,827.4 million by the end of 2023, with a CAGR of 8.6%. The key factors driving the market are the growing elderly population and the speedy technological advancements made in SCS. Also, the promising health reimbursement policies currently available in the United States are encouraging.Given the current market potential, this approval is well-timed.Update on NeuromodulationDespite the ongoing pandemic-induced difficulties within Abbott’s neuromodulation arm, the company is optimistic about a strong rebound in the near term, banking on successful trial runs and a strong pipeline of products. Apart from SCS, the company is looking forward to its newly-launched NeuroSphere, its advanced remote care platform. The company did a full market release at the end of June 2021 and since then it has been witnessing strong customer response. Per the company’s last update in October, it has done over 5,000 remote programming sessions.Share Price PerformanceThe stock has outperformed its industry over the past year. It has risen 23.1% against the industry’s 5.5% fall.Zacks Rank and Other Key PicksCurrently, Abbott carries a Zacks Rank #2 (Buy).A few other top-ranked stocks in the broader medical space that investors can consider are Apollo Endosurgery, Inc. APEN, Cerner Corporation CERN and Poseida Therapeutics, Inc. PSTX, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Apollo Endosurgery has a long-term earnings growth rate of 7%. The company‘s earnings surpassed estimates in the trailing four quarters, delivering a surprise of 25.6%, on average.Apollo Endosurgery has outperformed its industry in the past year. APEN has gained 132.2% compared with the industry’s 12.6% growth.Cerner has a long-term earnings growth rate of 13.3%. The company’s earnings surpassed estimates in three of the last four quarters and met estimates once. Cerner has a trailing four-quarter earnings surprise of 3.2%, on average.Cerner has outperformed its industry in the past year. CERN has gained 19.5% against the industry’s 38.2% decline.Poseida Therapeutics has a long-term earnings growth rate of 9.9%. The company’s earnings surpassed estimates in the trailing three quarters and missed in one, delivering an average surprise of 4.3%.Poseida Therapeutics has underperformed its industry in the past year. PSTX has declined 32.4% compared with the industry’s 22% fall. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Abbott Laboratories (ABT): Free Stock Analysis Report Cerner Corporation (CERN): Free Stock Analysis Report Poseida Therapeutics, Inc. (PSTX): Free Stock Analysis Report Apollo Endosurgery, Inc. (APEN): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 5th, 2022

NETGEAR (NTGR) Spurs Home Networking Via New Nighthawk Router

NETGEAR (NTGR) unveils Nighthawk RAXE300 Tri-band WiFi 6E router to upgrade home broadband services with adequate support for the latest Wi-Fi 6E devices. NETGEAR, Inc. NTGR recently announced the addition of an avant-garde router to its augmented home networking portfolio. Dubbed Nighthawk RAXE300 Tri-band WiFi 6E router, the device has been specifically designed to upgrade home broadband services with multi-gigabit speeds while providing adequate support for the latest Wi-Fi 6E devices.The latest entrant to the family of Nighthawk routers will cover the entire home with maximum coverage and capacity. As an industry forerunner for more than 20 years, the latest move underscores NETGEAR’s commitment to delivering state-of-the-art networking technologies to various households, service providers and businesses across the globe for seamless connectivity.NETGEAR’s Nighthawk portfolio of mobile wireless and routers is ideal for both homes and businesses. Armed with the Wi-Fi 6 technology, the innovative platform leverages high-performance active antennas and eliminates dead zones with super-fast and reliable WiFi extenders and routers. At a time when the pandemic has accelerated the adoption of superfast Internet connectivity for remote working and distance learning, NETGEAR’s RAXE300 Tri-band WiFi 6E router comes as a savior.This CES 2022 Innovations Award Honoree provides speeds up to 7.8 Gigabits per second without any congestion on the 6 gigahertz (Ghz) band. With eight Wi-Fi streams (two streams of 6GHz, four streams of 5GHz, and two streams of 2.4GHz), the router covers homes of up to 2,500 square feet with the best Wi-Fi signal strength, tri-band speed, and performance. Its future-proof Wi-Fi 6E technology enables it to augment bandwidth and capacity by up to 200% compared with Wi-Fi 5.It comes with robust NETGEAR offerings like NETGEAR Armor and NETGEAR Smart Parental Controls that enable customers to protect their home network devices from hackers and viruses and manage content across kids’ devices with greater flexibility. It boasts one 2.5G and five Gigabit Ethernet ports for maximum connectivity, in turn facilitating smoother 4k/8K video streaming and AR/VR gaming. The Nighthawk RAXE300 Tri-band WiFi 6E router is priced at $399.99 MSRP and will be available on NETGEAR.com and from other resellers within first-quarter 2022.Holding nearly 46% market share in U.S. retail Wi-Fi products, the San Jose, CA-based networking giant intends to remain proactive with its broad line-up of Orbi, cable modems, and gateways coupled with SMB switching portfolio, particularly PoE and ProAV switches. It continues to capitalize on technology inflections, create new categories, and generate recurring revenues to sustain its leading market position and drive growth.NETGEAR’s top line is growing due to the rapid surge in Internet-connected devices, thereby boosting the need for robust networking solutions. Increased market demand for Smart Home and connected products such as Smart TVs, game consoles, and HD streaming players continues to spur innovation in the networking space. It generates a significant portion of its revenues from the Connected Home segment that offers high-performance and easy-to-use LTE and Wi-Fi Internet networking solutions for consumers.Shares of NETGEAR have lost 25.6% against the industry’s 40.2% rally in the past year. Nevertheless, we remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Image Source: Zacks Investment ResearchVocera Communications, Inc. VCRA is a solid pick in the broader industry, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its earnings for the current year has been revised 6.2% upward over the past 60 days.Vocera delivered a trailing four-quarter earnings surprise of 109.6%, on average. The stock has soared 54.1% in the past year. VCRA has a long-term earnings growth expectation of 18%.Aviat Networks, Inc. AVNW presently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for its earnings for the current year has been revised 0.8% upward over the past 60 days.Aviat Networks delivered a trailing four-quarter earnings surprise of 32.1%, on average. AVNW has rallied 91.9% in the past year.SeaChange International, Inc. SEAC also has a Zacks Rank #2. The consensus estimate for the current year has narrowed from a loss of 20 cents per share to a loss of 18 cents over the past 60 days.SeaChange International delivered a trailing four-quarter earnings surprise of 37.2%, on average. The stock has gained 39.9% in the past year. SEAC has a long-term earnings growth expectation of 10%. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NETGEAR, Inc. (NTGR): Free Stock Analysis Report Aviat Networks, Inc. (AVNW): Free Stock Analysis Report SeaChange International, Inc. (SEAC): Free Stock Analysis Report Vocera Communications, Inc. (VCRA): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 5th, 2022

Insiders reveal what it"s really like working at Amazon when it comes to hiring, firing, performance reviews, and more

Amazon employs 1.3 million people, and it can be a tough place to work. Here's what it's like to work at the world's largest e-commerce company. Amazon's Jeff Bezos and Andy Jassy.David Ryder/Getty Images; Isaac Brekken/AP Images for NFL, File; Paul Hennessy/NurPhoto via Getty Images; Beata Zawrzel/NurPhoto via Getty Images; Emanuele Cremaschi/Getty Images; Ohannes EiseleAFP via Getty Images; Marcos del Mazo/LightRocket via Getty Images; Samantha Lee/Insider Insider is investigating Amazon's workplace amid a major effort to unionize the company. The e-commerce and cloud giant has a complex performance-review system some employees say is unfair. Amazon is investigating allegations of gender bias in its Prime division after Insider reporting. See more stories on Insider's business page. Amazon is the second-largest US employer and still one of the fastest-growing in the country. It offers income and benefits to well over 1 million people, and it's been a source of jobs and shopping convenience during the pandemic.With that level of influence, Amazon's operations have come under intense scrutiny, which has prompted a nationwide unionization effort. The following covers everything you need to know about what it's like to work at the company.How Amazon culls its workforceUnder outgoing CEO Andy Jassy, Amazon's cloud unit has built up an impressive roster of cloud security partners — but they often also work with competitors Microsoft Azure and Google Cloud.Reuters/Richard BrianInsider is investigating Amazon's system for improving, or ousting, employees deemed underperformers. Once managers label workers as struggling, they are put on a "Focus" coaching plan. If they fail there, the workers are moved to another program called "Pivot," and then finally to an internal company jury that decides their fate at the company.The system has been criticized by some current and former employees, who say it is unfairly stacked against them and can encourage managers to give bad reviews to good staff. Amazon says it gives managers tools to help employees improve and advance in their careers. "This includes resources for employees who are not meeting expectations and may require additional coaching. If an employee believes they are not receiving a fair assessment of their performance, they have multiple channels where they can raise this," a company spokesperson said recently.Amazon has a goal to get rid of a certain number of employees each year, which is called unregretted attrition. Some managers at the company told Insider they felt so much pressure to meet the target that they hire people who they intend to fire within a year.Read more Inside Amazon's complex employee-review system, where workers feel left in the dark and managers expect to give 5% of reports bad reviewsFlow chart: An exclusive look at Amazon's controversial system for fixing or ousting underperforming employeesHundreds of Amazon employees join an internal Slack channel to criticize its opaque performance-review systemSome Amazon managers say they 'hire to fire' people just to meet the internal turnover goal every yearLeaked documents show Amazon Music wants to scrap a controversial companywide performance review system that some say unfairly fires employeesThe company has been hit with allegations of biasKyodo News via Getty ImagesThere's been a rash of lawsuits filed against Amazon alleging gender and racial bias. In May, five current and former female employees sued the company Amazon, claiming "abusive mistreatment by primarily white male managers."In February, Charlotte Newman, a Black Amazon manager, filed a suit alleging gender discrimination and sexual harassment. And last year, a high-profile female engineer called on the company to fix what she saw as a "harassment culture," Insider reported."We do not tolerate discrimination or harassment of any kind," an Amazon spokesperson said in a statement. "We immediately investigated Ms. Newman's sexual harassment claim and fired her harasser."The investigation resulted in "corrective action and additional training requirements for those in her reporting line," the spokesperson added. "We also reviewed Ms. Newman's interview process, leveling and onboarding, and determined that she was properly placed in her role at the company. We are currently investigating the new allegations included in the lawsuit."Read more Amazon Prime employees say women get few promotions and there's a culture of aggressive male-dominated managementAmazon is investigating allegations of gender bias in its Prime team after Insider reportingAmazon faces 5 lawsuits from warehouse and corporate employees alleging discrimination and retaliationAmazon's warehouses churn through workersRobotic Amazon warehouses use robots to ferry shelves of items around the warehouse floor. Above, a photo taken in an Amazon warehouse in the UK.Isobel Asher Hamilton/InsiderThe company's fulfillment centers employ hundreds of thousands of people, offering pay and benefits that are competitive versus other retail-industry jobs. But the work can be grueling, some staff don't stick around long, and there are growing efforts to unionize this modern blue-collar workforce.Amazon warehouses are partly automated, using robots that zip around the shop floor fetching pallets of merchandise and bringing them to employees who pick the correct items and pack them for shipping. The company hires thousands of extra temporary workers each year to support a surge in orders during the holiday shopping period.During the pandemic, online orders have jumped at an unusual time for Amazon. It prompted an unprecedented hiring spree last year but caused tension with workers concerned about entering warehouses that could spread the virus. These issues came to a head earlier this year, when employees at a fulfillment center in Bessemer, Alabama, voted on whether to form a union. The effort failed, but there's a bigger union push gathering steam.In his final shareholder letter as CEO earlier this year, Jeff Bezos defended Amazon's working conditions, but said the company needed "to do a better job for our employees."Read more6 current and former Amazon warehouse employees explained why they think turnover is so highAmazon warehouse workers are reportedly almost twice as likely to face serious injuries compared to rivals like WalmartAmazon defeated a vote to form a union at its warehouse in Bessemer, AlabamaThe International Brotherhood of Teamsters voted in late June about organizing Amazon workersAmazon's delivery network relies on thousands of driversSmith Collection/Gado/Getty ImagesThe company partners with UPS, FedEx, and the US Postal Service, but it also operates a massive fleet of in-house delivery vehicles. These vans are driven by a combination of employees, third-party courier services, and contract workers.Amazon is known for imposing strict time constraints on drivers and tracking how many times they stop and how fast they drive. While the company factors in break times — a 30-minute lunch and two 15-minute breaks — some drivers say they either can't or don't want to take them.Earlier this year, a US lawmaker tweeted that Amazon workers have to pee in bottles. The company denied this, but multiple drivers confirmed it was part of the job. Amazon later apologized and said drivers have trouble finding restrooms because of traffic and being on rural routes, adding that the issue has been exacerbated by closed public bathrooms during the pandemic.Read moreAn Amazon driver lost her job after the company's algorithm fired her. A day in the life of an Amazon delivery driverAmazon drivers describe paranoia of working with surveillance cameras that monitor them constantlyI'm an Amazon delivery driver who's had to pee in water bottles and eat lunch in my vanHow to get a job at AmazonJob seekers line up to apply during "Amazon Jobs Day" at a fulfillment center in Fall River, Massachusetts, in August 2017.Brian Snyder/ReutersAmazon remains an important employer that is growing quickly. Unlike some of its Big Tech rivals, the company offers a range of positions, from highly technical roles to blue-collar jobs. It's recruiting methods range from massive job fairs to tough one-on-one interviews.The company ranks among the top employers among technical students. In a survey published last year, Amazon came 10th in a survey of engineering students, beating out Intel and IBM but trailing Tesla and SpaceX.Read more How to master Amazon's ruthless interview process and get a job there, according to insidersThe Amazon executive in charge of recruitment reveals what it takes to get a job at the e-commerce giant4 mistakes to avoid if you want to succeed in Amazon's application processRead the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 4th, 2022

The rise and fall of Elizabeth Holmes, the Theranos founder who went from being a Silicon Valley star to being found guilty of wire fraud and conspiracy

Elizabeth Holmes was once lauded as "the next Steve Jobs" for founding blood-testing startup Theranos. Now she could face decades in prison for fraud. Elizabeth Holmes leaves after a hearing at a federal court in San Jose, California, on July 17, 2019.Reuters/Stephen Lam Elizabeth Holmes dropped out of Stanford at 19 to start Theranos and grew its value to $9 billion. Later, technology flaws were exposed, and Theranos and Holmes were charged with "massive fraud." On Monday, Holmes was found guilty on 4 of 11 counts of wire fraud and conspiracy, which could send her to prison for decades. Visit Business Insider's homepage for more stories. In 2014, blood-testing startup Theranos and its founder, Elizabeth Holmes, were on top of the world.Back then, Theranos was a revolutionary idea thought up by a woman hailed as a genius who styled herself as a female Steve Jobs. Holmes was the world's youngest female self-made billionaire, and Theranos was one of Silicon Valley's unicorn startups, valued at an estimated $9 billion. But then it all came crashing down.The shortcomings and inaccuracies of Theranos's technology were exposed, along with the role Holmes played in covering it all up. Holmes was ousted as CEO and charged with "massive fraud," and the company was forced to close its labs and testing centers, ultimately shuttering operations altogether.As she awaited trial, Holmes reportedly found the time to get engaged — and married — to a hotel heir named Billy Evans.Now, Holmes has been convicted of fraud in federal court. On Monday, jurors found Holmes guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud. They found her not guilty of four other counts and failed to reach a unanimous verdict on the remaining three counts against her.This is how Holmes went from precocious child, to ambitious Stanford dropout, to an embattled startup founder convicted of fraud: Elizabeth Holmes was born on February 3, 1984 in Washington, D.C. Her mom, Noel, was a Congressional committee staffer, and her dad, Christian Holmes, worked for Enron before moving to government agencies like USAID.@eholmes2003/TwitterSource: Elizabeth Holmes/Twitter, CNN, Vanity FairHolmes' family moved when she was young, from Washington, D.C. to Houston.Washington, D.C.Getty ImagesSource: FortuneWhen she was 7, Holmes tried to invent her own time machine, filling up an entire notebook with detailed engineering drawings. At the age of 9, Holmes told relatives she wanted to be a billionaire when she grew up. Her relatives described her as saying it with the "utmost seriousness and determination."Theranos CEO Elizabeth Holmes.REUTERS/Carlo AllegriSource: CBS News, Bad Blood: Secrets and Lies in a Silicon Valley StartupHolmes had an "intense competitive streak" from a young age. She often played Monopoly with her younger brother and cousin, and she would insist on playing until the end, collecting the houses and hotels until she won. If Holmes was losing, she would often storm off. More than once, she ran directly through a screen on the door.Elizabeth Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative's annual meeting in New York, September 29, 2015.REUTERS/Brendan McDermidSource: Bad Blood: Secrets and Lies in a Silicon Valley StartupIt was during high school that Holmes developed her work ethic, often staying up late to study. She quickly became a straight-A student, and even started her own business: she sold C++ compilers, a type of software that translates computer code, to Chinese schools.Tyrone Siu/ReutersSource: Fortune, Bad Blood: Secrets and Lies in a Silicon Valley StartupHolmes started taking Mandarin lessons, and part-way through high school, talked her way into being accepted by Stanford University’s summer program, which culminated in a trip to Beijing.Yepoka Yeebo / Business InsiderSource: Bad Blood: Secrets and Lies in a Silicon Valley StartupInspired by her great-great-grandfather Christian Holmes, a surgeon, Holmes decided she wanted to go into medicine. But she discovered early on that she was terrified of needles. Later, she said this influenced her to start Theranos.Hollis Johnson/Business InsiderSource: San Francisco Business TimesHolmes went to Stanford to study chemical engineering. When she was a freshman, she became a "president's scholar," an honor which came with a $3,000 stipend to go toward a research project.STANFORD, CA - MAY 22: People ride bikes past Hoover Tower on the Stanford University campus on May 22, 2014 in Stanford, California. According to the Academic Ranking of World Universities by China's Shanghai Jiao Tong University, Stanford University ranked second behind Harvard University as the top universities in the world. UC Berkeley ranked third. (Photo by Justin Sullivan/Getty Images)Justin Sullivan/GettySource: FortuneHolmes spent the summer after her freshman year interning at the Genome Institute in Singapore. She got the job partly because she spoke Mandarin.An office worker walks along the Singapore River front during the lunch hour.Wong Maye-E/APSource: FortuneAs a sophomore, Holmes went to one of her professors, Channing Robertson, and said: "Let's start a company." With his blessing, she founded Real-Time Cures, later changing the company's name to Theranos. Thanks to a typo, early employees’ paychecks actually said "Real-Time Curses."Getty ImagesSource: Bad Blood: Secrets and Lies in a Silicon Valley StartupHolmes soon filed a patent application for a "medical device for analyte monitoring and drug delivery," a wearable device that would administer medication, monitor patients' blood, and adjust the dosage as needed.Reuters/Brian SnyderSource: Fortune, US Patent OfficeBy the next semester, Holmes had dropped out of Stanford altogether, and was working on Theranos in the basement of a college house.Jeff Chiu/APSource: Wall Street JournalTheranos's business model was based around the idea that it could run blood tests, using proprietary technology that required only a finger pinprick and a small amount of blood. Holmes said the tests would be able to detect medical conditions like cancer and high cholesterol.Theranos Chairman, CEO and Founder Elizabeth Holmes (L) and TechCrunch Writer and Moderator Jonathan Shieber speak onstage at TechCrunch Disrupt at Pier 48 on September 8, 2014 in San Francisco, CaliforniaSteve Jennings/Getty ImagesSource: Wall Street JournalHolmes started raising money for Theranos from prominent investors like Oracle founder Larry Ellison and Tim Draper, the father of a childhood friend and the founder of prominent VC firm Draper Fisher Jurvetson. Theranos raised more than $700 million, and Draper has continued to defend Holmes.Investor Tim Draper (right).CNBCSource: SEC, CrunchbaseHolmes took investors' money on the condition that she wouldn't have to reveal how Theranos' technology worked. Plus, she would have final say over everything having to do with the company.JP Yim/GettySource: Vanity FairThat obsession with secrecy extended to every aspect of Theranos. For the first decade Holmes spent building her company, Theranos operated in stealth mode. She even took three former Theranos employees to court, claiming they had misused Theranos trade secrets.Kimberly White/GettySource: San Francisco Business TimesHolmes' attitude toward secrecy and running a company was borrowed from a Silicon Valley hero of hers: former Apple CEO Steve Jobs. Holmes started dressing in black turtlenecks like Jobs, decorated her office with his favorite furniture, and like Jobs, never took vacations.Steve Jobs.Justin Sullivan/Getty ImagesSource: Vanity FairEven Holmes's uncharacteristically deep voice may have been part of a carefully crafted image intended to help her fit in in the male-dominated business world. In ABC's podcast on Holmes called "The Dropout," former Theranos employees said the CEO sometimes "fell out of character," particularly after drinking, and would speak in a higher voice.Former U.S. President Bill Clinton and Elizabeth Holmes, CEO of Theranos, during the Clinton Global Initiative's annual meeting in New York.Lucas Jackson/ReutersSource: Bad Blood: Secrets and Lies in a Silicon Valley Startup, The CutHolmes was a demanding boss, and wanted her employees to work as hard as she did. She had her assistants track when employees arrived and left each day. To encourage people to work longer hours, she started having dinner catered to the office around 8 p.m. each night.TheranosSource: Bad Blood: Secrets and Lies in a Silicon Valley StartupMore behind-the-scenes footage of what life was like at Theranos was revealed in leaked videos obtained by the team behind the HBO documentary "The Inventor: Out for Blood in Silicon Valley." The more than 100 hours of footage showed Holmes walking around the office, scenes from company parties, speeches from Holmes and Balwani, and Holmes dancing to "U Can't Touch This" by MC Hammer.Theranos founder Elizabeth Holmes at the company's headquarters.Courtesy HBOSource: Business InsiderShortly after Holmes dropped out of Stanford at age 19, she began dating Theranos president and COO Sunny Balwani, who was 20 years her senior. The two met during Holmes' third year in Stanford’s summer Mandarin program, the summer before she went to college. She was bullied by some of the other students, and Balwani had come to her aid.Footage of Sunny Balwani presenting."60 Minutes"Source: Bad Blood: Secrets and Lies in a Silicon Valley StartupBalwani became Holmes' No. 2 at Theranos despite having little experience. He was said to be a bully, and often tracked his employees' whereabouts. Holmes and Balwani eventually broke up in spring 2016 when Holmes pushed him out of the company.Sunny Balwani pictured in January 2019.Justin Sullivan/Getty ImagesSource: Bad Blood: Secrets and Lies in a Silicon Valley StartupIn 2008, the Theranos board decided to remove Holmes as CEO in favor of someone more experienced. But over the course of a two-hour meeting, Holmes convinced them to let her stay in charge of her company.Jamie McCarthy / GettySource: Bad Blood: Secrets and Lies in a Silicon Valley StartupAs Theranos started to rake in millions of funding, Holmes became the subject of media attention and acclaim in the tech world. She graced the covers of Fortune and Forbes, gave a TED Talk, and spoke on panels with Bill Clinton and Alibaba's Jack Ma.Elizabeth Holmes with former President Bill Clinton, left, and Alibaba cofounder Jack Ma.Andrew Burton/Getty ImagesSource: Vanity FairTheranos quickly began securing outside partnerships. Capital Blue Cross and Cleveland Clinic signed on to offer Theranos tests to their patients, and Walgreens made a deal to open Theranos testing centers in their stores. Theranos also formed a secret partnership with Safeway worth $350 million.A Theranos testing center inside a Walgreens.Melia Robinson/Business InsiderSource: Wired, Business InsiderIn 2011, Holmes hired her younger brother, Christian, to work at Theranos, although he didn’t have a medical or science background. Christian Holmes spent his early days at Theranos reading about sports online and recruiting his Duke University fraternity brothers to join the company. People dubbed Holmes and his crew the "Frat Pack" and "Therabros."Elizabeth Holmes and her brother, Christian.Andrew Harrer/Bloomberg via Getty ImagesSource: Bad Blood: Secrets and Lies in a Silicon Valley StartupAt one point, Holmes was the world's youngest self-made female billionaire with a net worth of around $4.5 billion.Kimberly White/Getty Images for Breakthrough PrizeSource: ForbesHolmes was obsessed with security at Theranos. She asked anyone who visited the company’s headquarters to sign non-disclosure agreements before being allowed in the building, and had security guards escort visitors everywhere — even to the bathroom.Michael Dalder/Reuters Holmes hired bodyguards to drive her around in a black Audi sedan. Her nickname was "Eagle One." The windows in her office had bulletproof glass.Source: Bad Blood: Secrets and Lies in a Silicon Valley StartupAround the same time, questions were being raised about Theranos' technology. Ian Gibbons — chief scientist at Theranos and one of the company's first hires — warned Holmes that the tests weren't ready for the public to take, and that there were inaccuracies in the technology. Outside scientists began voicing their concerns about Theranos, too.Melia Robinson/Tech InsiderSource: Vanity Fair, Business InsiderBy August 2015, the FDA began investigating Theranos, and regulators from the government body that oversees laboratories found "major inaccuracies" in the testing Theranos was doing on patients.Mike Segar/ReutersSource: Vanity FairBy October 2015, Wall Street Journal reporter John Carreyrou published his investigation into Theranos's struggles with its technology. Carreyrou's reporting sparked the beginning of the company's downward spiral.Wall Street Journal reporter John Carreyrou.CBS "60 Minutes"Source: Wall Street JournalCarreyrou found that Theranos' blood-testing machine, named Edison, couldn't give accurate results, so Theranos was running its samples through the same machines used by traditional blood-testing companies.Carlos Osorio/APSource: Wall Street JournalHolmes appeared on CNBC's "Mad Money" shortly after the WSJ published its story to defend herself and Theranos. "This is what happens when you work to change things, and first they think you're crazy, then they fight you, and then all of a sudden you change the world," Holmes said.CNBC/YouTubeSource: CNBCBy 2016, the FDA, Centers for Medicare & Medicaid Services, and SEC were all looking into Theranos.GettySource: Wall Street Journal, WiredIn July 2016, Holmes was banned from the lab-testing industry for two years. By October, Theranos had shut down its lab operations and wellness centers.Mike Blake/ReutersSource: Business InsiderIn March 2018, Theranos, Holmes, and Balwani were charged with "massive fraud" by the SEC. Holmes agreed to give up financial and voting control of the company, pay a $500,000 fine, and return 18.9 million shares of Theranos stock. She also isn't allowed to be the director or officer of a publicly traded company for 10 years.Jeff Chiu/APSource: Business InsiderDespite the charges, Holmes was allowed to stay on as CEO of Theranos, since it's a private company. The company had been hanging on by a thread, and Holmes wrote to investors asking for more money to save Theranos. "In light of where we are, this is no easy ask," Holmes wrote.Kimberly White/Getty Images for FortuneSource: Business InsiderIn Theranos' final days, Holmes reportedly got a Siberian husky puppy named Balto that she brought into the office. However, the dog wasn't potty trained, and would go to the bathroom inside the company's office and during meetings.A Siberian husky (not Holmes' dog).Kateryna Orlova/ShutterstockSource: Vanity FairIn June 2018, Theranos announced that Holmes was stepping down as CEO. On the same day, the Department of Justice announced that a federal grand jury had charged Holmes, along with Balwani, with nine counts of wire fraud and two counts of conspiracy to commit wire fraud.Elizabeth Holmes, founder and CEO of Theranos, speaks at the Wall Street Journal Digital Live (WSJDLive) conference at the Montage hotel in Laguna Beach, California, October 21, 2015.Mike Blake/ReutersSource: Business Insider, CNBCTheranos sent an email to shareholders in September 2018 announcing that the company was shutting down. Theranos reportedly said it planned to spend the next few months repaying creditors with its remaining resources.Mike Blake/ReutersSource: Wall Street JournalAround the time Theranos' time was coming to an end, Holmes made her first public appearance alongside William "Billy" Evans, a 27-year-old heir to a hospitality property management company in California. The two reportedly first met in 2017, and were seen together in 2018 at Burning Man, the art festival in the Nevada desert.Jim Rankin/Toronto Star via Getty ImagesSource: Daily MailHolmes is said to wear Evans' MIT "signet ring" on a chain around her neck, and the couple reportedly posts photos "professing their love for each other" on a private Instagram account. Evans' parents are reportedly "flabbergasted" at their son's decision to marry Holmes.—Nick Bilton (@nickbilton) February 21, 2019Source: Vanity Fair, New York PostIt's unclear where Holmes and Evans currently reside, but they were previously living in a $5,000-a-month apartment in San Francisco until April 2019. The apartment was located just a few blocks from one of the city's top tourist attractions, the famously crooked block of Lombard Street.Lombard Place Apartments, where Holmes used to live.Rent SF NowSource: Business InsiderIt was later reported that Holmes and Evans got engaged in early 2019, then married in June in a secretive wedding ceremony. Former Theranos employees were reportedly not invited to the wedding, according to Vanity Fair.Gilbert Carrasquillo/Getty Images; Samantha Lee/Business InsiderSource: Vanity Fair, New York PostHolmes' and Balwani's cases have since been separated.Justin Silva/Getty, Stephen Lam/Reuters, Business InsiderSource: Department of Justice, Business InsiderBesides the criminal case, Holmes was also involved in a number of civil lawsuits, including one in Arizona brought by former Theranos patients over inaccurate blood tests. The lawyers representing her in the Arizona case said in late 2019 they hadn't been paid over a year and asked to be removed from Holmes' legal team.Former Theranos CEO Elizabeth Holmes leaves after a hearing at a federal court.Reuters/Stephen LamSource: Business InsiderHolmes' lawyers in the federal case had tried to get the government's entire case thrown out. In February 2020, Holmes caught a break after some of the charges against her were dropped when a judge ruled that some patients didn't suffer financial loss.Brendan McDermid/ReutersSource: Business InsiderAmid the coronavirus outbreak, Holmes' lawyers asked the judge in April 2020 to deem the case "essential" so the defense team could defy lockdown orders and continue to travel and meet face-to-face. The judge said he was "taken aback" by the defense's pleas to violate lockdown.The federal courthouse in San Jose, California.Reuters/Robert GalbraithSource: Business Insider It soon become clear that the pandemic — and the health risks associated with assembling a trial — would make the July trial date unrealistic. Through hearings held on Zoom, the presiding judge initially pushed the trial back to October 2020 and later postponed it further to March 2021.Passengers wear masks as they walk through LAX airport.Reuters/Lucy NicholsonSource: Business Insider In March 2021, Holmes requested another delay to the trial because she was pregnant. She asked to push back the trial to August 31, and her request was granted. Holmes reportedly gave birth to the child in July.Nhat V. Meyer/MediaNews Group/Mercury News via Getty ImagesSource: Business Insider, CNBCHeading into the trial, Holmes felt "wronged, like Salem-witch-trial wronged," says a person who used to work with her closely.Holmes, right, leaving the Robert F. Peckham Federal Building in San Jose, California with her defense team on May 4, 2021.Nhat V. Meyer/MediaNews Group/Mercury News via Getty ImagesSource: Business InsiderThe trial kicked off in September. In opening statements, prosecutors argued that, "Out of time and out of money, Elizabeth Holmes decided to lie." Meanwhile, the defense argued that although Theranos ultimately crumbled, "Failure is not a crime. Trying your hardest and coming up short is not a crime."Theranos founder Elizabeth Holmes arrives at the Robert F. Peckham Federal Building with her defense team on August 31, 2021 in San Jose, California.Ethan Swope/Getty ImagesSource: Business Insider The list of possible witnesses for the trial named roughly 200 people, including the likes of Rupert Murdoch, Henry Kissinger, James Mattis, and Holmes herself.Theranos founder Elizabeth Holmes leaves the Robert F. Peckham U.S. Courthouse with her mother, Noel Holmes, during her trial.Brittany Hosea-Small/ReutersSource: Business InsiderIn the end, the trial featured testimony from just over 30 witnesses.Vicki Behringer/ReutersSource: Business InsiderOver the course of 11 weeks, prosecutors called 29 witnesses to testify — including former Theranos employees, investors, patients, and doctors — before resting its case in November.Elizabeth Holmes, former CEO of Theranos, in a San Jose courtroom in September.Justin Sullivan/Getty ImagesSource: Business Insider The defense then began making its case, calling just three witnesses, including Holmes herself.Jane Tyska/Digital First Media/The Mercury News via Getty ImagesSource: Business InsiderOn the stand, Holmes said Balwani emotionally and sexually abused her during their relationship.Former Theranos COO Ramesh "Sunny' Balwani leaves the Robert F. Peckham U.S. Federal Court on June 28, 2019 in San Jose, California.Justin Sullivan/Getty ImagesSource: Business InsiderHolmes also admitted that she added some pharmaceutical companies' logos to Theranos' reports without authorization. Investors previously said they took some reassurance in those reports because, based on the logos, they thought major pharmaceutical companies had validated Theranos' technology. Holmes said she added the logos to convey that work was done in partnership with those companies, but in hindsight she wishes she had "done it differently."Justin Sullivan/Getty ImagesSource: Business InsiderHolmes also acknowledged on the stand that she hid Theranos' use of modified commercial devices from investors. She said she did this because company counsel told her that alterations the company made to the machines were trade secrets and needed to be protected as such.Brittany Hosea-Small/ReutersSource: Business InsiderHolmes spent seven days on the stand before the defense rested its case in early December.Theranos founder Elizabeth Holmes arrives to attend her fraud trial at federal court in San Jose, California, U.S., December 16, 2021.Peter DaSilva/ReutersSource: Business InsiderIn closing arguments, prosecutors argued that Holmes "chose fraud over business failure" while the defense argued she was "building a business, not a criminal enterprise."Elizabeth Holmes walks into federal court in San Jose, Calif., Friday, Dec. 17, 2021.Nic Coury/Associated PressSource: Business InsiderAfter 15 weeks of trial, Holmes' case headed to a jury of eight men and four women on December 17.Elizabeth Holmes, founder and former CEO of blood testing and life sciences company Theranos, leaves the courthouse with her husband Billy Evans after the first day of her fraud trial in San Jose, California on September 8, 2021.Nick Otto/AFP/Getty ImagesSource: Business InsiderJurors deliberated for a total of seven days over the next few weeks before telling the court on Monday that they were deadlocked on three of the 11 charges against Holmes. The judge read off some jury instructions to the group in court before instructing them to go back and deliberate further.Kate Munsch/ReutersSource: Business InsiderHours later, the jury returned a mixed verdict for Holmes, finding her guilty on one count of conspiracy to defraud investors and three counts of wire fraud. They found her not guilty on four other counts and failed to reach a verdict on the remaining three counts. The counts Holmes was found guilty of were all related to investments; she wasn't convicted on any of the charges involving patients who received inaccurate test results.Justin Sullivan/Getty ImagesSource: Business InsiderHolmes now faces the possibility of decades in prison. Each count carries a maximum 20-year prison sentence, a $250,000 fine, and a requirement to pay victims restitution. Holmes was not taken into custody following the verdict; prosecutors say they want a secure bond for her. A date for a sentencing hearing has not yet been set.AP Photo/Nic Coury, FileSource: Business Insider, Yahoo FinanceMaya Kosoff contributed to an earlier version of this story.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 4th, 2022

SNEAKER RESELLING SIDE HUSTLE: Your guide to making thousands flipping hyped pairs of Dunks, Jordans, and Yeezys

As the market for valuable sneakers booms, entrepreneurs are making a killing by figuring out the best way to buy and sell sneakers. Gautam Malik is just one entrepreneur making thousands of dollars by reselling sneakers.kickzmalik/Instagram A Cowen & Co. analysis from July estimates that the sneaker resale industry is worth $2 billion in North America and could reach $30 billion globally by 2030. As the market for valuable sneakers booms, entrepreneurs are making a killing by figuring out the best ways to buy and resell sneakers.  Insider regularly interviews sneaker resellers and experts regarding the best practices for breaking into the industry and scaling a business. With the sneaker resale market continuing to thrive, Insider is covering all aspects of how to properly scale a business in the booming industry. From which sneakers to purchase to necessary technological investments, made in the form of bots that entrepreneurs entrust to nab pairs online, the following covers everything you need to know about how to break into the market that Cowen & Co. estimates could reach $30 billion globally by 2030.Getting startedSneaker reselling is based on a simple concept that guides many other businesses: buy low, sell high. You'll want to figure out how to track expenses and figure out net profit on each pair sold. One entrepreneur who made over $125,000 in sales since January 2019 showed us his spreadsheet that he uses for tracking profits. You'll also want to figure out your strategy. While some people might prefer to invest in a few pairs and wait for them to grow in value, others utilize a high-volume sneaker resale strategy to make money by moving product quickly at slimmer margins. Others focus on acquiring rarer pairs that can fetch thousands at auction. Some have even developed mathematical formulas to determine the best way to buy and sell. Lastly, it can be helpful to take a look at some up-and-coming sneaker resale websites to learn about new ways to make money in the industry.Read more: A 16-year-old who made $125,000 in sneaker sales reveals his pro tips for young resellers looking to break into the multi-billion dollar industry A sneakerhead who made nearly $7 million in sales last year reveals his secrets to tapping into the exploding multibillion-dollar resale marketThe top sneaker seller on eBay who made $1.5 million in sales in 2019 reveals how he grew business to dominate the platformWe got a look at exact spreadsheet a 16-year-old uses to make thousands of dollars in sales as a major sneaker supplier to stores and boutiques5 up-and-coming sneaker websites that resellers and collectors should use in 2020 to boost profit and nab hyped pairsA sneaker reseller whose store has made millions in sales since 2018 shares the mathematical formula he uses to determine which pairs will skyrocket in valueScaling your businessOnce you nail down the basics, here are some tools to guide you on the next steps of growing your business. While many sneaker resellers can start from humble beginnings, it can take just a few months to hit sustainable profit margins. Attending sneaker events like Sneaker Con is a great way to build connections and make fast sales. But as your business grows, it is important to keep track of all of your sales and expenses to ensure that you file your taxes correctly each year.Read more: Here are 5 steps that independent sneaker resellers live by to pay their taxes every seasonHow a formerly homeless sneakerhead with just $40 to his name built a multi-million dollar resale empire in 6 yearsA sneakerhead who has attended more than 20 Sneaker Cons reveals his top 6 secrets for making the most money at a resale event3 sneakerhead sisters could fetch over $1 million by selling thousands of their classic Nike, Adidas, and Reebok shoes through an exclusive eBay auctionSneaker bottingIn the sneaker resale world, a "bot" refers to a software application that expedites the online checkout process and helps resellers nab hyped pairs online — including limited-edition drops. Though a controversial aspect of the sneaker world, bots are often essential for purchasing the latest releases at retail prices. In many cases, these bots are built by former sneakerheads and self-taught developers who make a killing from their useful product. Bots, like sneakers, can resell for hundreds of dollars. There are even some bots that are meant to help users nab sneaker bots at retail. While sneaker-nabbing bots can give resellers a leg-up, they are often the cause of much distress on the side of footwear companies who are looking to mitigate the problem.Read more: A sneaker reseller who uses multiple 'bots' to nab mass quantities of expensive shoes the moment they drop explains why the controversial tech is worth itInside the controversial underworld of sneaker 'bots,' where coded scripts resell for thousands of dollars and Twitter monitors can make or break a releaseA 16-year-old's sneaker bot business charged $200,000 in fees since October. Here's how his 600-member group secures the coveted software before anyone else.How a self-taught developer with no formal training made $700,000 in sales this year from his sneaker bot, Splashforce, that nabs hyped pairs in just millisecondsAs sneaker bots explode, a veteran reseller and YouTuber with over 160,000 subscribers reveals 3 steps to profiting from the lucrative techIn the arms race between teenage sneaker bot users and footwear companies, one side is winning — and it's not the billion-dollar companiesCook groups and online services:While they normally charge hefty membership fees, cook groups are exclusive forums that supply information for anyone looking to break into the multi-billion dollar market. They usually offer members access to botting services in addition to exclusive details related to drops. We got a look inside a couple of these groups, including Polar Chefs, a thriving cook group with over 400 members that was started by a teenager who employs 23 people to help him run the group. Cook groups are often run on Discord, a messaging platform that has become a hotbed for sneakerhead activity. Read more: Exclusive sneaker resale groups make millions by paying insiders to leak information on valuable sneaker releases before they happen. Here's a look inside one of these members-only forums.Inside a teen's exclusive sneaker cook group that makes him 6-figures in sales, employs 23 people full-time, and nabs pairs of the hottest sneakers on the marketHow Discord went from gaming and alt-right hub to a sneaker cook group hotbed, where resellers charge fees to share their secrets for cracking the $2 billion resale marketA college dropout runs a multi-million dollar sneaker cook group, AMNotify, with thousands of members across the world. Here's how he launched one of the first exclusive sneaker forums from a hospital bed in 2017.Navigating the industry during the pandemicWhile slowdowns in shipping and supply chains caused some problems for the sneaker industry early on in the pandemic, the value of certain pairs, like the Air Force 1 and Air Jordan 1, has remained strong. Experts say that some pairs, like the Nike SB Dunk Low Travis Scotts or the Jordan 5 Retro High Off-Whites, will likely skyrocket in value after the pandemic. The CEOs of GOAT, Stadium Goods, and Bump all predicted that the sneaker resale market will continue to grow, and the proof is in the businesses. One teen entrepreneur that we spoke to said his business soared during the pandemic, bringing in close to $500,000 in sales during quarantine.Read more: The CEOs of GOAT, Stadium Goods, and BUMP outlined the best ways for sneaker resellers to navigate the multi-billion dollar market in the pandemicThe coronavirus outbreak is wrecking the sneaker resale industry, but investing in specific pairs can soften losses. Here's how to navigate the market in crisis, according to the head of China's Sneaker Con.These are the sneakers most likely to skyrocket in value when the coronavirus panic dies down, according to the founder of the largest sneaker event in the worldA 17-year-old entrepreneur made close to $500,000 in sales reselling sneakers during quarantine. Take a look inside his pandemic-proof business model.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 3rd, 2022

The Elon Musk Elevator Down

The Elon Musk Elevator Down Submitted by QTR's Fringe Finance “Stocks take the stairs up, and the elevator down.” Bear with me today. I know tomorrow is New Year's Eve, 2021 and I know I’ve written extensively over the last two months about the fact that Tesla (TSLA) is the only string that Cathie Wood’s flagship ARK Innovation Fund (ARKK) is hanging on by. And while I definitely don’t want to spend every day harping about the unmatched investing prowess of Ms. Wood, I do think today marks a great time to reiterate and examine this sentiment, and I’ll explain why. First, I think it’s worth noting: for all of the CNBC appearances, all of the ass-kissing by podcasters and financial media hosts, all of the touting of Cathie Wood as a “visionary”, all the magazine covers and writeups (Forbes called her “Wall Street’s Wizard” on their 50 over 50 cover), all of the conference appearances and the rest of the endless bluster we have had to endure for the last 3 years, ARKK has now officially given up all of its historical outperformance versus its benchmark as a result of the absolutely atrocious year it had in 2021. (Note: All figures used in this article were accurate to the best of my ability as of December 30, 2021 and do not include market performance for ARKK for the last trading day of the year.) This is seven or eight years worth of “work” (or at least making it look like you’re doing some work) down the drain as a result of underperforming the NASDAQ by more than 46% this year, as of 12/29/2021’s close. All of the comparisons and arguments over the last 2 years about how ARKK is such a better vehicle than the NASDAQ due to Wood’s investing acumen are officially moot and heading into 2022, Cathie Wood is going to have to put up or shut up. She may get a fresh YTD P/L figure to cling to, but “Wall Street’s Wizard” won’t just be fighting to outperform her benchmark this year, she’ll be fighting for ARKK’s performance versus its benchmark since inception and a lot of the firepower Wood needs is going to have to come from this guy: If I were an ARKK investor, this would frighten me. Meanwhile, almost every headline on Wednesday this week was about how the S&P made its 70th new all-time high day and how the year stood out as such a blockbuster one for the stock market. ARKK finished Wednesday down 1%. In fact, over the last 5 trading days, Tesla has been up 15%, the NASDAQ has been up 2.77% and ARKK is lower by -5.27%. Are you starting to understand why, exactly, it’s going to be a problem for Cathie Wood if Tesla starts to pull back? Over the last month, all of the Top 10 holdings in ARKK are lower between -2.8% and -20.9%, including Tesla. The NASDAQ is only down -0.11% over the same period. While the NASDAQ is only 1.8% off its 1 year high, ARKK’s well known/top components have fallen between 11.6% and 69.4% from their 1 year highs (Full disclosure: using % off highs is an ugly way to make a chart, no matter what you’re looking at). And for those thinking the pain could be over and there’s nowhere to go but up, here’s a gentle reminder that out of ARKK’s well known/top holdings, the lowest price to sales ratio is 4.1x and the highest is still 39.6x sales. The exercise becomes even funnier when you attempt to use a price to earnings ratio. According to YCharts, six of these 11 companies turn up a null response when asked for a forward PE, while the forward PE’s of the remaining five names, Zoom, Roku, Tesla, Twitter and Twilio, return figures of 37x, 144x, 175x, 189x and (drumroll please) 2,802x. But hey, maybe ARKK has bottomed, right? I know I’ve mentioned this before, but the portfolio of companies Wood continues to keep in her “flagship” fund are all still wildly overvalued and, in my opinion, have plenty of room to fall in a situation where high flying stocks re-rate lower. Via CathieWoodStocks.com2022 is going to be such a crucial year to watch ARKK, not only to track its performance against its benchmarks, but to see if Wood’s narrative about her “innovation” stocks (whatever that means) being in “deep value” territory (read: routinely over 100x sales) still holds water with the financial media (it will) and investors (it may not). My guess is the narrative will not hold up, and that we won’t even need a market crash to prove it - we’ll just need either a slight rotation from growth to value or a 30% drawdown in Tesla at some point. Ergo, Wood has two options as I see it at this point: Rebalance her portfolio to remove Tesla as a top weighting, which would contradict all the claims she’s made about the company over the last two years and would subject her portfolio to more exposure to the names that dragged her down in 2021 to begin with. Cling even tighter to Tesla and simply pray to god that despite volatility in the company’s most crucial market (China), the constant recalls, the amped up valuation, the psychotic CEO who has been charged with securities fraud and routinely taunts regulators in between selling $15 billion whacks of stock and massive emerging competition both domestically and abroad, shit just doesn’t go wrong. Tesla is what made Cathie Wood - but it could also be what breaks her. Things get tricky for ARKK’s balancing act heading into 2022. Look, many people have different explanations for Tesla’s historic run over the last two years. Personally, as my readers know, I still believe it was fueled by the options market. Regardless, it’s no longer about how it got here, it’s about where it is going. The stock simply can’t continue to go parabolic forever. Tesla was up 53.9% this year and ARKK plunged -24.63%. What kind of outperformance from Tesla will Wood need for ARKK to break even next year? At some point, either the options market hysteria will end, Tesla will miss operational milestones, or the reality of its valuation will simply set in. I’ll go further and say that even if Tesla winds up higher in the future, it’s may not get there fast enough to counterbalance the hand-selected portfolio of high flying names that Wood has stuffed ARKK with. For me, it’s not a question of if ARKK will bear the consequences of what I see to be poor management, it’s a question of when. A friend of mine said it best yesterday about Wood: “A market that takes Tesla down 30% will wreck the rest of her holdings even more.” And he’s right. After 6 or 7 tough years of taking the stairs up, Cathie Wood could be getting ready to take the Elon Musk elevator down. Photo graciously custom made and provided by @Keubiko-- As always, Zerohedge readers get a 20% discount to my blog at any time, that lasts forever, by clicking here: Get 20% off forever Disclaimer: Now or at the time of publishing I owned/own ARKK, QQQ, IWM, TSLA puts and am routinely short all of these names and sometimes other names that Cathie Wood has exposure to. Readers should assume I am short Cathie Wood at any given time. I may add any name mentioned in this article and sell any name mentioned in this piece at any time. None of this is a solicitation to buy or sell securities. These positions can change immediately as soon as I publish this, with or without notice. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I get shit wrong a lot.  Tyler Durden Mon, 01/03/2022 - 06:30.....»»

Category: blogSource: zerohedgeJan 3rd, 2022

Greenwald: NBC News Uses Ex-FBI Official Frank Figliuzzi To Urge Assange"s Extradition, Hiding His Key Role

Greenwald: NBC News Uses Ex-FBI Official Frank Figliuzzi To Urge Assange's Extradition, Hiding His Key Role Authored by Glenn Greenwald via greenwald.substack.com, Two of the television outlets on which American liberals rely most for their news — NBC News and CNN — have spent the last six years hiring a virtual army of former CIA operatives, FBI officials, NSA spies, Pentagon chiefs, and DOJ prosecutors to work in their newsrooms. The multiple ways in which journalism is fundamentally corrupted by this spectacle are all vividly illustrated by a new article from NBC News that urges the prosecution and extradition of Julian Assange, claiming that the WikiLeaks founder, once on U.S. soil, will finally provide the long-elusive proof that Trump criminally conspired with Russia. Twitter profile of former FBI Assistant Director Frank Figliuzzi, now of NBC News The NBC article is written by former FBI Assistant Director and current NBC News employee Frank Figliuzzi, who played a central role during the Obama years in the FBI's attempt to investigate and criminalize Assange: a rather relevant fact concealed by NBC when publishing this. But this is how U.S. security state agents now directly control corporate news outlets. During the Cold War and then in the decades following it, the U.S. security state constantly used clandestine measures to infiltrate U.S. corporate media outlets and shape U.S. media coverage in order to propagandize the domestic population. Indeed, intelligence agencies have a long, documented record of violating their charter by interfering in domestic politics through formal programs to manipulate U.S. media coverage. In 1974, The New York Times’ Seymour Hersh exposed that “the [CIA], directly violating its charter, conducted a massive, illegal domestic intelligence operation” which included “assembling domestic intelligence dossiers” and “recruiting informants to infiltrate some of the more militant dissident groups.” The Senate's Church Committee report in 1976 concluded that “intelligence excesses, at home and abroad, were not the 'product of any single party, administration, or man,”; rather, “Intelligence agencies have undermined the constitutional rights of citizens primarily because checks and balances designed by the framers of the Constitution to assure accountability have not been applied.” A 1977 Rolling Stone exposé by Carl Bernstein — entitled “The CIA and the Media” — revealed “more than 400 American journalists who in the past twenty-five years have secretly carried out assignments for the CIA" — including the most influential news executives in the country: William Paley of CBS, Henry Luce of Time Inc., Arthur Hays Sulzberger of the New York Times. Bernstein laid out how sweeping the CIA's commandeering of mainstream media outlets was: Some of these journalists' relationships with the Agency were tacit; some were explicit. There was cooperation, accommodation and overlap. Journalists provided a full range of clandestine services -- from simple intelligence gathering to serving as go-betweens with spies in Communist countries. Reporters shared their notebooks with the CIA. Editors shared their staffs. Some of the journalists were Pulitzer Prize winners, distinguished reporters who considered themselves ambassadors-without-portfolio for their country. Most were less exalted: foreign correspondents who found that their association with the Agency helped their work; stringers and freelancers who were as interested it the derring-do of the spy business as in filing articles, and, the smallest category, full-time CIA employees masquerading as journalists abroad. In many instances, CIA documents show, journalists were engaged to perform tasks for the CIA with the consent of the managements America's leading news organizations. The history of the CIA's involvement with the American press continues to be shrouded by an official policy of obfuscation and deception. . . . By far the most valuable of these associations, according to CIA officials, have been with The New York Times, CBS, and Time Inc. In 1996, the Senate Intelligence Committee issued a lengthy report entitled “CIA's Use of Journalists and Clergy in Intelligence Operations" after “the House of Representatives [took] a vote on the subject as to the prohibition of use of journalists and others by the CIA." In 2008, The New York Times’ David Barstow won a Pulitzer for exposing the Pentagon's secret plot to disseminate Defense Department talking points by placing former officials as “analysts" at each news network who, in secret, coordinated their claims. In 2014, The Intercept obtained the CIA's communications with journalists through a FOIA request and discovered that national security reporter Ken Dilanian routinely submitted his drafts about the CIA to agency officials before publication; his newspaper at the time, The Los Angeles Times, pronounced itself “disappointed” and said he may have violated the paper's rules, but he was promptly hired by the Associated Press and now covers the intelligence community for . . . NBC News. Revealingly, none of those multiple Congressional and media exposés deterred the CIA and related agencies from contaminating domestic media coverage. Over the last six years, the opposite happened: this tactic has accelerated greatly. U.S. security state services now not only shape but often control news coverage — not by clandestine tactics but right out in the open. Many of the top security state officials over the last two decades have been hired to deliver "news” for these two major corporate networks: former CIA Director John Brennan (NBC), former Homeland Security Secretary James Clapper (CNN), former Assistant FBI Director Frank Figliuzzi (NBC), former Homeland Security Advisor Fran Townsend (CNN), disgraced former FBI Deputy Director Andrew McCabe (CNN), former NSA and CIA Director Michael Hayden (CNN), and countless others. This career path from the Deep State to NBC/CNN is now so common that those who are fired in disgrace or resign immediately show up on their payroll. As but one illustrative example: on February 2, 2018, FBI official Josh Campbell wrote a self-serving op-ed in The New York Times flamboyantly announcing his resignation over alleged interference by Trump officials; two days later, CNN announced it had hired Campbell as a "law enforcement analyst,” where he continues to "report the news.” In 2018, the DOJ's Inspector General concluded that McCabe, while serving as former FBI Deputy Director, had lied to the Bureau about his role in the leaks; CNN then hired him. The reasons this is so dangerous are self-evident. Allowing the U.S. security state to shape the news converts media outlets into a form of state TV. As Politico's Jack Shafer wrote in 2018 under the headline "The Spies Who Came Into the TV Studio": Standard journalistic contributors—reporters, anchors, editors, producers—pursue the news wherever it goes without fear or favor, as the famous motto puts it. But almost to a one, the TV spooks still identify with their former employers at the CIA, FBI, DEA, DHS, or other security agencies and remain protective of their institutions. This makes nearly every word that comes out of their mouths suspect. These security state agencies were created to lie and spread disinformation; allowing them to place their top operatives at news outlets obliterates even the pretense that there is any separation between them and corporate journalism. Worse, it requires these media outlets to pretend they are adversarially reporting on agencies which their own colleagues recently helped run. And, worst of all, it creates a massive conflict of interest whereby news “analysts” are commenting on stories in which they played central roles in their prior, often-very-recent life as a security state operative — as happened repeatedly during Russiagate when people like John Brennan were “analyzing” investigations for NBC News which they helped launch or of which they are targets. The New York Times, Dec. 23, 2019 To call all of this a conflict of interest is to gravely understate the case. It is an all-but-explicit merger between the security state and the corporate media. This latest NBC News article on Assange by former FBI Assistant Director Figliuzzi features all of these corrupt dynamics. MSNBC has been repeatedly promoting it. That is remarkable on its own: a so-called "news outlet” is cheering — indeed, salivating over — the Biden administration's attempt to criminalize Assange under “espionage” laws for the sin of reporting genuine documents showing all sorts of improper conduct by the agencies whose former operatives now staff that network. Given that press freedom groups in the West have uniformly condemned the prosecution of Assange as a grave threat to a free press, it is stunning to watch a corporation that claims to be in the news business cheering rather than denouncing it. But for the U.S. media, that is just ordinary corruption and subservience to the CIA: it is hardly rare to find "journalists” giddy over the prospect of Assange's ongoing imprisonment. What makes this new article particularly notable is that the FBI — when Figliuzzi was a senior official there — was directly involved in the attempt to investigate, frame and prosecute Assange. Yet the article, while identifying its analyst as “the assistant director for counterintelligence at the FBI, where he served 25 years as a special agent and directed all espionage investigations across the government,” makes no mention of his direct personal interest in the Assange prosecution. The primary claim of this article is an unhinged conspiracy theory. Figliuzzi asserts that extraditing Assange onto U.S. soil could endanger Donald Trump. The former FBI official barely conceals his glee over the prospect that Assange could somehow offer up dirt on Trump in exchange for a promise of leniency from prosecutors: If the Department of Justice plays its cards right, it can make the case precisely about those Russian government hacks and WikiLeaks' dissemination of the content of those hacks by offering a deal to Assange in return for what he knows. That’s what should worry Trump and his allies. . . . Assange may be able to close the gap between collusion and criminal conspiracy. Assange got the Democratic National Committee data dump from an entity long suspected to be a front for the GRU, the Russian military intelligence service. . . Assange may be able to help the U.S. government in exchange for more lenient charges or a plea deal. Prosecutions can make for strange bedfellows. A trade that offers a deal to a thief who steals data, in return for him flipping on someone who tried to steal democracy sounds like a deal worth doing. So, DOJ, if you’re listening… That Assange "stole data” is an absolute lie — not even the U.S. Government claims this — but NBC News has previously shown that it has no qualms about disseminating that particular lie. As for Figliuzzi’s belief that Assange possesses secret information about Trump's collusion with Russia over the 2016 election: that is nothing short of madness. Robert Mueller did not even attempt to interview Assange, precisely because the Special Counsel (Figliuzzi's former boss) obviously recognized that Assange had no information that would assist Mueller's investigation to determine whether Trump or his associates criminally conspired with Russia. If Assange really has information showing Trump criminally worked with the Kremlin, how can Figliuzzi justify that Mueller, during eighteen months of investigating that question, never even sought to speak to Assange? Moreover, if — as Figliuzzi fantasizes — Assange were in possession of some sort of smoking gun that Mueller never found but which would finally prove Trump's guilt on various crimes, why did Trump not pardon Assange? After all, if this twisted fantasy that NBC News is promoting had any validity — namely, Trump will be in big trouble once the U.S. succeeds in extraditing Assange to the U.S. to stand trial — why was it the Trump administration that brought these charges against Assange in the first place, and why would Trump not have pardoned Assange in order to prevent such a deal from taking place? None of what Figliuzzi is claiming has any evidence to support it or even makes any minimal sense. But as usual, that is no bar to NBC News and MSNBC publishing and aggressively promoting it. As I will never tire of pointing out, it is the corporate media outlets that most vocally denounce disinformation which are the ones guilty of spreading it most frequently and destructively. What makes this NBC article by Figliuzzi worse than standard media disinformation is that the former FBI official is writing about events in which he had direct personal involvement, without any disclosure of this fact. In 2011, Iceland’s Minister of the Interior, Ogmundur Jonasson, discovered that FBI agents had been deployed to his country under false pretenses. The FBI's counterintelligence unit, led by Figliuzzi, had claimed they were there because they wanted to help the Icelandic government stop an “imminent attack” by hackers into Iceland's government databases. That was a lie. As The New York Times reported two years later, the FBI went to Iceland in order to dig up dirt on Assange and WikiLeaks that would enable their prosecution. At the time, Assange was spending significant time in Iceland; he concluded that the country's broad press freedom and privacy protections, as well as support from several politicians, enabled him to work there safely. The FBI unit under Figliuzzi focused its counterintelligence efforts in Iceland on recruiting a very young WikiLeaks insider with a history of criminality and mental illness, Sigurdur Ingi Thordarson, in order to provide incriminating information about Assange. When Jonasson, the Interior Minister, discovered the truth, he expelled the FBI from his country, as The Times recounted: But when “eight or nine” F.B.I. agents arrived in August, Mr. Jonasson said, he found that they were not investigating an imminent attack, but gathering material on WikiLeaks, the activist group that has been responsible for publishing millions of confidential documents over the past three years, and that has many operatives in Iceland. . . . The F.B.I.’s activities in Iceland provide perhaps the clearest view of the government’s interest in Mr. Assange. A young online activist, Sigurdur Ingi Thordarson (known as Siggi), told a closed session of Iceland’s Parliament this year that he had been cooperating with United States agents investigating WikiLeaks at the time of the F.B.I.’s visit in 2011. . . The F.B.I. efforts left WikiLeaks supporters in Iceland shaken. “The paranoia,” [Parliament member Birgitta] Jonsdottir said, “is going to kill us all.” The FBI's counterintelligence efforts under Figliuzzi in Iceland succeeded. Thordarson became a key witness for the FBI in its efforts to prosecute Assange. Indeed, the pending indictment against the WikiLeaks founder — which is the basis for the Biden DOJ's demand that he be extradited from the U.K. — heavily relies on accusations from Thordarson (the indictment refers to him as "Teenager” and to Iceland as "NATO Country-1"). Even a cursory review of the indictment shows how central to the case against Assange are the allegations which the FBI induced Thordarson to make: "In September 2010, ASSANGE directed Teenager to hack into the computer of an individual formerly associated with WikiLeaks and delete chat logs containing statements of ASSANGE.” But in June of this year, Thordarson recanted his allegations against Assange. Speaking to the Icelandic newspaper Stundin, Thordarson confessed how he had been caught stealing money from WikiLeaks by forging an email in Assange's name and directing WikiLeaks’ funds to be sent to his personal account. He “saw a way out” of the pending criminal problem by helping the FBI in its hunt against Assange. Thus, "on August 23d, [Thordarson] sent an email to the US Embassy in Iceland offering information in relation to a criminal investigation,” and he then became the FBI's star witness. Providing the FBI with false allegations against Assange helped the FBI but did not help Thordarson much: he was shortly thereafter convicted on charges of “massive fraud, forgeries and theft on the one hand and for sexual violations against underage boys he had tricked or forced into sexual acts on the other.” Yet “Thordarson was sentenced in 2013 and 2014 and received relatively lenient sentences” as the judge reviewed his cooperation activities as well as his formal psychiatric diagnosis that he is a sociopath. Even after that lenient punishment, Thordarson continued to commit crimes, piling up numerous other criminal charges. That was when the FBI, eager to indict Assange, again saw an opportunity in Thordarson: In May 2019 Thordarson was offered an immunity deal, signed by [U.S. Deputy Attorney General Kellen S.] Dwyer, that granted him immunity from prosecution based on any information on wrongdoing they had on him. The deal, seen in writing by Stundin, also guarantees that the DOJ would not share any such information to other prosecutorial or law enforcement agencies. That would include Icelandic ones, meaning that the Americans will not share information on crimes he might have committed threatening Icelandic security interests – and the Americans apparently had plenty of those but had over the years failed to share them with their Icelandic counterparts. With Assange now behind bars based on the indictment he helped the FBI secure, Thordarson decided to come clean. He had lied to the FBI and fed them false incriminating information against Assange because he knew that would help shield him from accountability for his own crimes. In other words, at the heart of the FBI's case against Assange — one compiled by the FBI's counterintelligence operations under Figliuzzi before he went to NBC News — is a chronic criminal with a history of fraud, sexual assault against minors, and serious psychiatric illness. And he has now recanted his claims. If NBC News were a legitimate news operation, it would obviously bar Figliuzzi from “reporting on” or “analyzing” a major press freedom case in which the FBI was so intricately involved, and implicated, during his tenure there. But the opposite is true. Figliuzzi is obsessed with Assange's prosecution and extradition, talking about it often both on his social media account and on NBC and MSNBC platforms. Beyond the issue of journalistic ethics — which nobody should expect of NBC and MSNBC at this point — something more sinister is going on here. The Biden administration's aggressive pursuit of Assange's extradition, along with its demand that he be kept imprisoned while the judicial process is pending, has been denounced with increasing fervor by press freedom and civil liberties groups that are usually allies of the Democrats. That even includes the ACLU. Leaders from around the world, including on the left, have been strongly condemning the Biden administration. Other countries are now frequently holding up Biden's assault on press freedom, along with the British government, as a reason why those two countries lack credibility to sermonize about press freedom. This new argument pushed by NBC News and its former FBI operative Frank Figliuzzi — liberals should cheer Assange's prosecution because we can squeeze him once he is here to turn on and implicate Trump — seems like a barely disguised political ploy to protect the Biden White House from criticism. NBC News knows that liberals crave Trump’s prosecution above all, so trying to convince them that Assange's extradition could advance that — as false as that obviously is — would likely benefit the White House which NBC serves, by fortifying support among Trump-obsessed liberals or at least diluting opposition. But taken on its own terms, the argument now being promoted by NBC to justify Assange's extradition is deeply disturbing. What they are essentially arguing is that the entire prosecution is a pretext. Though justified based on Assange's alleged lawbreaking in connection with the 2010 publication by WikiLeaks of the Iraq and Afghanistan war logs, the real benefit, according to NBC, is the opportunity to pressure Assange to turn on Trump in connection with the 2016 election. In other words, they are keeping Assange imprisoned for years, and working to bring him to the U.S., because they believe they can force him with promises of leniency to offer up information they can use against Trump — just as the FBI manipulated the young, mentally unwell Icelandic teenager to offer false accusations against Assange. And that would also create the added incentive to treat Assange as abusively as possible to turn the pressure as high up as possible for him to implicate Trump. Indeed, on the day Assange was arrested in London, a smiling Sen. Joe Manchin (D-WV) all but proclaimed this to be the real purpose of the extradition ("he'll be our property and we can get the truth and the facts from him"): That the U.S.'s corporate newsrooms are now filled with former agents of the U.S. security state on their payrolls is one of the most significant and disturbing media developments in recent years. It means that dirty, scheming operatives like Frank Figliuzzi can now do their dirty work not in the shadows or in agencies known to be guilty for decades of this sort of treachery and lies, but under the cover of “respectable” media outlets. When Figliuzzi speaks — or when John Brennan or James Clapper or Andrew McCabe do — the lips of these media outlets are moving but the CIA and the FBI and the DOJ are the ones actually speaking. That has been true for decades, but at least they had the decency to maintain the pretense. That security state agencies have now dispensed with the formalities and control these news outlets so directly reveals the utter impunity with which they now operate, particularly in establishment liberal circles. That an FBI official who played a key role in concocting false accusations against Assange now "reports” or “analyzes” that very same case under the logo of NBC News says more about the institutional corruption of these news outlets than thousands of articles could ever get close to. To support the independent journalism we are doing here, please subscribe, obtain a gift subscription for others and/or share the article Tyler Durden Sun, 01/02/2022 - 18:00.....»»

Category: worldSource: nytJan 2nd, 2022

Emirates is giving 52 of its Airbus A380s a brand-new look including upgrades in every cabin and premium economy seating — see inside

Emirates will fly the Airbus A380 for decades to come and lucky passengers will get to experience the epitome of luxury travel while onboard. Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/Insider Emirates is upgrading 52 of its Airbus A380 with new cabin enhancements and the addition of a premium economy class cabin.  Long-haul routes between Dubai and destinations like London, Paris, and New York will receive the aircraft. Emirates is the first Middle Eastern mega carrier to introduce a premium economy class cabin.  Emirates is giving the world's largest passenger jet a new lease on life.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderAirlines have been torn on what to do with the Airbus A380 as the COVID-19 pandemic and a shift towards sustainability in the sky has forever changed how people travel. Some airlines have opted to retire the A380 while others have opted to embrace it.Emirates Airbus A380kamilpetran/ShutterstockEmirates, as the world's largest operator of the A380, has embraced the aircraft and plans to fly its fleet of 123 A380s for years to come. And the airline is giving its customers even more to look forward to when booking a seat on the A380 with 52 aircraft receiving cabin upgrades.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderThe addition of a new premium economy class cabin and upgrades to each cabin of the aircraft will force even seasoned Emirates travelers to reacquaint themselves with the aircraft.An Emirates Airbus A380.Arnold Aaron/Shutterstock.com"The Emirates A380 is already one of the most sought-after travel experiences in the skies, and now we've made it even better," Tim Clark, president of Emirates, said in a statement.An Emirates Airbus A380.Lukas Wunderlich/Shutterstock.comEmirates showed off one of its newly restyled Airbus A380s at the Dubai Airshow in November. Here's what it's like inside.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderThe first thing that passengers boarding on the lower deck of the A380 will encounter is the Emirates' first-ever premium economy cabin.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderEmirates is also the first of the Middle Eastern mega carriers to include a premium economy cabin on any aircraft.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderA total of 56 premium economy seats replace the 88 economy seats that formerly occupied the space.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderThe 2-4-2 configuration of the cabin is typical for wide-body aircraft such as the A380.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderNoticeably larger than economy class seats, premium economy seats offer up to 40 inches of legroom and 19.5 inches of width.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderThe cream-colored seats feature anti-stain leather with stitching and wood panel finishing comparable to those found upstairs in business class. Premium economy class, after all, is a compromise between economy class and business class.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderPaired seats along the cabin wall are ideal for couples traveling together and those that prefer the window seat.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderSeats in the center-aisle, alternatively, are better suited for larger groups of travelers.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderEach seat offers standard amenities including a 110v AC power outlet, USB charging port, coat hook, and drink counter.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderIn-flight entertainment in the cabin is provided through seat-back entertainment screens measuring 13.3 inches. Emirates' ICE system offers movies, music, television shows, games, moving maps, and even the ability to view the aircraft's external cameras.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderPremium economy seats offer a deeper recline than economy class seats, with footrests and calf rests available for additional comfort.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderEach seat also comes standard with a six-way adjustable headrest and an oversize pillow, and flight attendants distribute blanket kits on long-haul flights.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderAdditional storage compartments can also be found at each seat to hold items including small devices, water bottles, and amenity kits.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/Insider"Our Premium Economy product was carefully developed in keeping with Emirates' brand positioning as a full-service airline of the highest quality," Tim Clark, president of Emirates, said in a statement.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderAnd looking over the cabin if the ghaf tree, or the national tree of the UAE.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderEmirates is saving the premium economy class-equipped aircraft for long-haul destinations including London, Paris, New York, and Frankfurt, Germany.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderMoving back in the aircraft, economy class takes up the rest of the lower deck with 338 seats in total.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderSeats are configured in the standard 10-abreast layout in a 3-4-3 configuration. But the A380 is so massive that there are still gaps between the window seats and the sidewalls.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderNew "ergonomically designed" seats have been installed that include adjustable leather headrests.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderWhile nearly identical at first glance, the new seats are noticeably less cluttered than their predecessors.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderTray tables are solid pieces and are not built with attached cupholders, as is the case with previous generation seats.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderIn-flight entertainment screens, however, remain the same size at 13.3 inches.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderEmirates' A380 economy seats typically feature between 32 and 24 inches of legroom and between 17.5 and inches of pitch.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderWood finishing can still be found surrounding the windows but the cabin design has generally remained the same.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderThe one exception is that ghaf trees now similarly watch over the economy class cabin.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderA half spiral staircase at the back of the plane leads to the upper deck of the aircraft, which is off-limits to those seated in the premium economy class and economy class cabins on the lower deck. It too features a ghaf tree design.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderBusiness class still takes up the majority of the upper deck with 76 seats in total.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderA 1-2-1 seat configuration offers each passengers direct aisle access, unlike on Emirates' Boeing 777 aircraft.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderAll seats have been reupholstered in champagne-colored leather covers accompanied by wood finishing on the hard surfaces.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderWood paneling covers the countertops at each seat as well as portions of the sidewall.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderSome seats are more private than others, namely the true window seats away from the aisle.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderCenter-aisle seats are ideal for couples or travel companions looking to stay close to each other. Known as honeymoon seats, only a few inches separate the two.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderBut a partition can be raised if the person in the adjacent seat is a stranger.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderOther center-aisle seats, however, are located closer to the aisle for additional separation if traveling alone.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderStandard seat amenities in business class include a 110v AC power outlet, USB charging port, adjustable headrest, personal reading lamp, personal mini bar, and an entertainment tablet in addition to a 23-inch in-flight entertainment screen.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderThe personal mini bar is a rare amenity for business class and Emirates stocks still and sparkling water, as well as a plastic cup.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderA blanket and oversized pillow are also placed at each seat for when it's time to rest as seats have fully flat capabilities.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderJust ahead of business class is the most cabin on the aircraft, first class.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderA total of 14 first class suites offer one of the most luxurious and expensive experiences in the sky, made even better by the new enhancements.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderThe upgraded first class suites are wider with taller doors that offer additional privacy. Flyers can retreat into the cabin and feel like they are the only passengers onboard the aircraft thanks to closeable doors.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderAwaiting passengers inside the suite is an oversized recliner chair opposite a massive 32-inch entertainment screen.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderAn assortment of snacks and cold drinks, including Evian water and Perrier sparkling water, can also be found in the suite as well as fresh flowers.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderButtons throughout the suite control its functionality, including opening and closing the doors as well as seat recline.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderHidden compartments hide luxurious amenities including Byredo toiletries. Travelers also receive an amenity kit containing Bulgari products.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderCaviar and fine champagne continue to be served in Emirates' first class cabin with high ticket prices to match the luxurious experience.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderOne flight attendant told Insider that a first class ticket from New York to Dubai is "the price of a small car."Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderWhen it's time to sleep, travelers can close their doors and redline their seats into a fully flat bed.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderAnd when it's time to refresh, the A380's famous "shower spas" are also receiving touch-ups of their own.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderThe same color palette has been extended into the private spas with ghaf trees replacing the mural of Dubai that previously lined the wall.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderFirst class travelers can reserve appointment slots to use the shower while in flight and typically has 15-20 minutes of hot water time.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderVoya products including shampoo, conditioner, body wash, and body moisturizer are available for passengers to use in the shower. And once their finished, Bulgari cologne and perfume provide the finishing touch.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderPremium cabin passengers also have access to the redesigned bar at the back of the A380's upper deck. Another staple of the A380, the in-flight bar serves beer, wine, and cocktails as well as light fare.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderTravelers can retreat to the social area and enjoy their drinks in the newly installed seating areas, just as if in an upscale bar.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderEmirates isn't alone in offering the bar on its A380s but the setup is becoming a rarity as more airlines retire their double-decker aircraft.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderEmirates has received its final A380 from Airbus, which ended production of the aircraft with the delivery.The final Airbus A380 bound for Emirates.Airbus - Bockfilm / Michael LindnerThe future of Emirates now lies with twin-engine aircraft including the Boeing 777X and Airbus A350 XWB. But even Clark admits that the A380's size allowed it to offer products that can't be directly matched on a smaller aircraft.The Boeing 777X at Dubai Airshow 2021.Thomas Pallini/Insider"How could it be as good as the A380 on the upper deck, or as good as it is in economy [class] with 10-abreast seating on the main deck," Clark said of the Boeing 777X in an interview with Insider.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderBut travelers will still be able to book for decades to come, and some may even be lucky enough to find one of the 52 aircraft in the new configuration.Emirates' refurbished Airbus A380 at Dubai Airshow 2021.Thomas Pallini/InsiderRead the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 2nd, 2022

In just a year, designer Kingsley Gbadegesin launched a six-figure, genderless fashion line seen on TV shows, magazine covers, and Lil Nas X

Gbadegesin took his unemployment check, mixed it with his savings, and launched his eponymous fashion line during the pandemic. Kingsley Gbadegesin had to call four times before he could finally reach someone a the unemployment office — he then took that check and combined it with his savings to launch this line.Kingsley Gbadegesin K.NGSLEY is a genderless fashion label launched by Kingsley Gbadegesin. A year after its launch, it's snapped up celebrity clients and a Teen Vogue cover.  This is part of Insider's entrepreneur series Star, Rising, which highlights early entrepreneurs. Name: Kingsley GbadegesinAge: 28Location: Brooklyn, New YorkBusiness: A genderless clothing line that celebrates Black, queer, femme bodies.Backstory: Despite his decade of fashion experience, Kingsley Gbadegesin found himself filing for unemployment last year as creative jobs began to dry up. Meanwhile, the pandemic was ravaging communities, and Black Lives Matter protests were sweeping the nation.Gbadegesin decided to take his fashion experience, his leftover money, and new free time to launch what first started as a small project, and soon became a full-fledged fashion brand that highlights and caters to the Black and LGBTQ communities. Product imagery of KINGSLEYKingsley GbadegesinSo, in September 2020, he launched the K.NGSLEY fashion label, becoming one of more than 4 million Americans who started a business last year. The US fashion industry, though it took a hit last year, is still worth more than $360 billion.Kingsley began by selling tank tops, before expanding into accessories and shoes. "It's important for people to feel like they're a part of the conversation and seen," Gbadegesin told Insider. "I want all types of people and body types to feel that they too are deserving to feel like 'the girl.' You have the right to feel like your most authentic self." Growth: Since its launch, the brand has netted six figures in revenue, according to documents seen by Insider. It has nearly 16,000 followers on Instagram and has worked with high-profile names, such as HBO Max for its ballroom competition show "Legendary," which saw K.NGSLEY gift tanks to the cast and crew of the show. "It was a full-circle moment," Gbadegesin said. "Ballroom has been a huge part of my life since I was 15." Celebs such as beauty influencer Bretman Rock, pop star Lil Nas X, actress Issa Rae (on her HBO show "Insecure"), and Zaya Wade, daughter of Dwyane Wade, have been spotted wearing the label. This September, Natalia Bryant, daughter of the late Kobe Bryant, wore a K.NGSLEY cardigan on her cover of Teen Vogue.The brand has also made donations to organizations such as Princess Janae Place, which helps members of the trans community find safe housing.Product imagery of KINGSLEYKingsley GbadegesinBefore K.NGSLEY: Gbadegesin operated his own sales and marketing firm where he planned private events and campaigns for fashion brands such as Alexa Chung and Giorgio Armani. Challenges: Finding more capital to expand the business has been hard, Gbadegesin said, especially in the midst of a pandemic."Taking risks on talent and people I want to work with to create K.NGSLEY is how you can say I'm overcoming those challenges," he said. "Investing in people whose work and talent I love is what I believe will help continue fostering our growth." Business advice: "Pur your damn ego aside," Gbadegesin said. "Ask for help. Slide into your heroes' DMs and ask for advice, support, or coffee."He added that it's important to stay consistent and vigilant and to not bend under pressure. "It's also OK if you say no to opportunities that are not right for you," he said. "That is what makes way for the yesses that matter." Product imagery of KINGSLEYKingsley GbadegesinBusiness mentor: Gbadegesin says Stacie Henderson, US Head of Ecommerce, Digital & Marketing at luxury shoe company TODS, reminded him that presentation is half the battle when it comes to running a fashion business, and that preparation is key. Meanwhile, Nesli Danisman, president of fashion consultancy Angora Group, told him "even when you don't know what you're doing, you're still doing, and that is all that counts."Why now is the best time to start a business: "It takes risk, it takes guts, and I say do it," Gbadegesin said. "The best bet you can ever make is on yourself." On hiring: Right now, Gbadegesin is the only one full-time at the company, though he works with nine independent contractors and four factories. Next year, he hopes to expand his full-time team. On managing burnout: Gbadegesin says he is working on ways to better manage his mental health."I've never climbed a mountain, but believe me, I know how it feels," he said. "If you don't take time for yourself, your body will."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 1st, 2022

Chinese Industrial Profit Growth Tumbles As Raw Material Prices Plunge

Chinese Industrial Profit Growth Tumbles As Raw Material Prices Plunge Profit growth at China's industrial firms tumbled in November, pressured by plunging prices of some raw materials, a faltering property market and weaker consumer demand, the national bureau of statistics said on Monday. Overall, profits rose just 9.0% on-year in November to 805.96 billion yuan ($126.54 billion), a drop of more than half from the 24.6% gain reported in October. For the January-November period, profits at industrial firms rose 38.0% year-on-year to 7.98 trillion yuan, slower than the 42.2% rise in the first 10 months of 2021, the statistics bureau said. The data covers large firms with annual revenue of over 20 million yuan from their main operations. Here is a summary of the key data: Industrial profits: +9.0% yoy in November (sequential growth: -16.8% non-annualized, seasonally adjusted); October: +24.6% yoy (sequential growth: +19.7% non-annualized sa). Industrial revenue: +13.2% yoy in November (sequential growth: +2.3% non-annualized, seasonally adjusted); October: +11.8% yoy (sequential growth: +0.9% non-annualized sa). In sequential terms, profits contracted 16.8% mom in November after seasonal adjustment, after a sharp rebound of +19.7% in October. Some more details courtesy of Goldman: On a 2-year average basis, downstream industries' profits grew 0.1% per year in November, slowing from 3.2% in October, and upstream industries' profit growth moderated to 34.8% per year in November (vs. 77.1% in October). Among upstream sectors, while coal prices declined in November from the peak in October, elevated coal prices continued to support upstream industrial profits in November. Profit growth of petrol processing moderated to 3.4% per year over the past two years (vs. 30.2% in October). Profits of metals smelting/pressing and metal products remained robust and rose 27.5% per year in the past two years (vs. 49.9% in October). NBS indicated higher demand for containers and rising production of high value-added products supported profit growth of metal related products. Among downstream sectors, the 2-year average growth of profits of pharmaceuticals rose 34.7% per year in November, higher than 29.6% in October. Profits of automobile manufacturing rose 2.0% per year in November (vs. -1.1% in October) and profits of computers and information/communication products increased 19.6% per year in November (vs. -7.4% in October). Both benefited partially from an improvement in chip shortages according to NBS. Industrial revenue growth accelerated to 13.2% yoy in November from 11.8% yoy in October. Sequentially, revenue rose further by 2.3% mom in November (vs. +0.9% in October). Overall profit margin (total profits divided by revenues) edged down in November. The gap between upstream and downstream profit margins remained wide. That said, NBS indicated policy measures targeting Small-and-Micro Enterprises (SMEs) such as tax and fee reductions and financing support helped profit growth of SMEs (+15.9% yoy in November, well above overall industrial profit growth of enterprises with annual revenue over RMB 20million) although SMEs are not included in the NBS industrial profits data. Zhu Hong, senior statistician at NBS, said while state efforts to cool soaring wholesale prices in November took cost pressures off downstream industries, the curbs meant the contribution from the mining and raw material sectors to overall profit growth weakened. This means that the traditionally close relationship between China's wholesale prices (PPI) and Industrial Profits is reestablishing itself, only this time it will lead to downside pain as PPI tumbles thanks to the recent plunge in coal prices following aggressive state intervention which confirmed that China's "green" talk is nothing but one giant joke. "But companies still face great cost pressures, and the improvement in profits for downstream sector needs to be further consolidated," Zhu said in a statement accompanying the data release. As a reminder, China's red-hot PPI cooled slightly in November, driven by a government crackdown on runaway commodity prices and an easing power crunch as Beijing scrambled to lessen the crippling economic effects of surging costs. The flipside - it is also impacting industrial profits. China's economy, which lost steam after a solid recovery from the pandemic last year, faces multiple challenges as a property downturn deepens, supply bottlenecks persist and strict COVID-19 curbs hit consumer spending. The country's property distress has also hurt the steel sector while production of cement, glass, and household appliances remains vulnerable to falling demand. It has led to speculation Beijing will cut its 2022 GDP forecast to as low as 5% (while the real number will be even lower). As we reported previously, at a key agenda-setting meeting this month, China's top leaders pledged to stabilize the economy and keep growth within a reasonable range in 2022, and to provide stimulus when needed, a major reversal from the country's recent policy stance. The disappointing data will likely spillover into broader sentiment, with Goldman noting that December PMIs will be released later this week, and the bank expects NBS manufacturing PMI to moderate to a contractionary 49.9 in December from 50.1 in November, while the Caixin manufacturing PMI is expected to moderate to 49.8 from 49.9 in November. The Covid outbreak in Zhejiang province since mid-December probably affected industrial activities, and container throughput data also pointed to weaker trade growth in December compared with November. Both local Covid outbreaks and further slowdown in property construction activities likely dragged down nonmanufacturing PMI in December, and Goldman forecasts December NBS nonmanufacturing PMI to slow to 52.1 in December from 52.3 in November. Tyler Durden Mon, 12/27/2021 - 12:50.....»»

Category: blogSource: zerohedgeDec 27th, 2021

Stockman: "Patriotic Duty" My Eye

Stockman: 'Patriotic Duty' My Eye Authored by David Stockman via The Brownstone Institute, Rough Rider Teddy must be rolling in his grave as he looks down upon these poseurs gathered in the Roosevelt room. For crying out loud, every one of them is double vaxxed and totally boosted. And they have issued orders to force the same upon more than 130 million of their countrymen—allegedly to prevent the latter from becoming walking vectors of disease and killers of their neighbors. Yet if the Vaxx is actually a spread stopper, why do they sit there in their masks? What’s the need to protect Biden from Fauci when the sainted doctor is armed to the teeth with vaxxed-in antibodies? And why is Biden festooned with the medical equivalent of Depends when he’s already got the accident-prevention protection of the Vaxx? Or does he? That is to say, if it doesn’t work to stop the spread, the benefit is only private and not public and hence there is no earthly reason for mandating it against the will of millions of citizens who fear that the risks outweigh the benefits. And if it does stop the spread—despite the manifest evidence to the contrary—-why all the face mask virtue signalling on live TV? In short, this “photo op” is worth a thousand words. It’s a live action illustration of what’s been wrong since the beginning in March 2020. Namely, the predicate that one-size-fits all social control mechanisms—lockdowns, closures, distancing, masking, vaxxing—must be preemptively and harshly employed by arms of the state in order to stop the spread of an aerosolized airborne virus which cannot be seen and cannot be stopped. Indeed, the latest argument for mandatory vaxxing—-that it prevents not transmission and infection but just a serious course of the disease—makes the picture patently absurd. What are these cats afraid of then? The real contagion at loose in the world—especially among the western nations which noisily congratulate themselves as model liberal democracies to be emulated by the more benighted nations inhabiting the purported darker corners of the planet—is a virulent outbreak of statist authoritarianism.  That is, a definitely not Black Plague virus of the type that has challenged mankind o’er the ages has become a universal excuse for the wholesale cancellation of civil liberties and property rights like never before—even in times of world war. Take the pathetic case of the United Kingdom. It is governed by a Conservative Party that’s traitorous to the cause of liberty and led by an unkempt Donald Trump wanna be who has assaulted the essence of liberal democracy to such a sweeping extent that his most authoritarian predecessors  (i.e. Winston Churchill, among others) scarcely dreamed of it and the Donald himself couldn’t hold a candle to it. BoJo, in fact, is right now hauling out all the tools of public health authoritarianism in response to what amounts to a run-of-the-mill winter flu among the British population. And that latter proposition is not debatable. Not when you compare the peak January data, when virtually no one was vaccinated compared to 80% of adult Brits today, with the 7-day rolling averages through last week. Thus, The case rate last week was 1,138 per million or 30% higher than the 875 per million recorded at the January 2021 peaks, but– The death rate last week of 1.64 per million was down by a god-is-apparently-smiling 91% compared to the 18.21 rate at the January 2021 peak. Of course, peek under the covers and what you have is the same old, same old. Not only is the Omicron variant far more transmissible and massively less lethal than earlier variants–for the inherent reasons that sensible virologists and epidemiologists have explained ad infinitum—but the propaganda contagion of the state’s Virus Patrol appears to be even more virulent. That is to say, as the government, the BBC, the Guardian and their mass media ilk have stirred the fear pot one more time, the UK testing rate has also skyrocketed and is now well more than double the rate of last January at the previous winter season peak. Thus: Alas, the public health machinery has so effectively stirred the fear quotient among the populace that the positivity rate has fallen dramatically. Compared to a 10.8% rate in January 2021, the current rate is just 6.0%. Obviously, what is happening is that more and more asymptomatic and completely healthy well people are getting tested in response to the drumbeat, which testing surge has generated the predictable wave of new “cases” and new measures of propaganda and control from the Virus Patrol. And remember, folks, the UK is allegedly governed by “conservatives”, which gets us to what’s coming down the pike from Sleepy Joe and the crypto-socialists who actually move his lips. As we learned, they are fixing to launch a massive new round of free stuff—this time in the form of 500 million home testing kits to be mailed out to Americans just like so many unrequested mail-in ballots, meaning that we have surely come full circle: Until March 2020 under the prior regime of private medical practice based on doctor-driven testing and treatments tailored to one-at-a-time patients, we are now to have the equivalent of a one-size-fits-all testing regime, delivered by the government-run post office! As it happens, however, America has already done nearly 800 million tests, yet has some of the worst WITH-Covid mortality statistics in the western world. So we are at a complete loss to comprehend how more government-mediated “testing” will accomplish anything constructive. Then again, the chart below tells you everything you need to know. Despite all the panic in New York City and other hotbeds of Blue State orthodoxy, the American public is not panicking enough to keep the Virus Patrol in business. As of the latest 7-day data, the US testing rate is 3,380 per million (= 1,000X the per 1,000 rate shown in the chart below). Now, that’s actually down by 40% from the 5,670 rate per million at the January 2021 peak, and, even more to the point, it’s just 18% of the 18,810 rate now being posted among the semi-hysterical population of the UK. To be sure, even at the more modest US testing rate rate shown below, the positivity rate has fallen from 13.3% during last January’s peak to just 10.8% at present. Therefore, to keep the scam going the US needs at hell of a lot more testing—especially in the Red states—in order to get a lot more cases. As it is, last week’s US case rate of 365 per million was down 52% from the peak January rate of 757per million, and can’t hold a candle to the Brits. The latter currently are lugging a case rate of the aforementioned 1,138 per million or 3.1X the current US rate. If we were of the tinfoil hat wearing persuasion we’d be inclined to think that Biden’s minions are trying to goose the Red States into a testing and cases panic in order to keep the faltering argument for his misbegotten vaxx mandates alive. Indeed, why on this day is there another fusillade of fear and admonition streaming from the presidential bully pulpit when we are dealing with a variant that has so far produced only one-death and a 1.7% hospitalization rate among the infected (compared to 19% at the comparable stage of Delta) in largely unvaccinated South Africa (26%), where it apparently originated? As to the surge of US cases—again largely asymptomatic or just mildly ill—where’s the beef that justifies another presidential call to arms? As dramatized by the chart below, the 7-day case rate in the US as of December 20 was just 420 per million. That was still well below the 495 per million rate reported on September 3rd and far, far below the 757 per million rate reported at last January’s peak. As for South Africa, which brought us this latest Covid brouhaha, it basically says to America’s authoritarians in government and Karens on the streets “oh, just shut up and sit down!” Here’s the current South Africa data and it reminds once again that Biden’s teleprompter scripters have no idea what they are talking about. Between November 11 and December 19, the case rate in South Africa exploded from less than 5 per million to 388 per million or by 85X. Meanwhile, the death rate has barely budged from 0.48 per million to 0.55 per million. That is to say, it was a rounding error before and remains one now. At the end of the day, of course, there is no case for mandates on anything—from lockdowns to masking and vaxxing—because the Covid just isn’t the Black Plague. After 22 months of counting every death in America with the remotest Covid connection—including postmortem testing of the human residue of motorcycle crashes—the annualized mortality rate for the population under 50 years of age is about 500 per million—-the same figure as for traffic accidents and other unintentional injuries. That is to say, for the 211 million Americans who are not in the higher risk, immune system compromised older population, the Covid risk is the same as the risks inherent in everyday modern life that we have long ago learned to live with. Alternatively, for the population under 65 years of age, the survival rate for the estimated 110 million Americans (40%) in that cohort who have contracted the virus since day one (i.e. February 2020) is 99.87%; and if you take the healthy sub-population without significant underlying comorbidities, the risk of death is virtually nil. So here we are with another public hysteria, fueled by another speech from the White House, promising yet another mobilization of the public health apparatus of the state, including use of the defense production act to commandeer the manufacture of hundreds of millions—nay, billions before its over—of test kits that will only fuel the hysteria. That’s pretty scary. And even more so is Biden’s renewed attack on the 60 million unclean Americans—overwhelmingly in the younger, low risk cohorts—who have exercised their constitutional liberty and have chosen not to take the jab: Biden sought to draw a clear contrast when describing how the omicron surge will affect the vaccinated versus the unvaccinated, issuing a dire warning to 60 million unvaccinated Americans. “How concerned should you be about omicron, which is now the dominant variant in this country and it happened so quickly. The answer is straightforward: If you’re not fully vaccinated, you have good reason to be concerned……Omicron is serious, potentially deadly business for unvaccinated people,” Biden said Sorry, Joe. But it’s none of your business what people chose to do about a vaccine that does not stop transmission and infection from this latest mutation; and it is most certainly not the “patriotic duty” of Americans who think the risks are not worth the benefits to take the jab on your say so. In a word, we are in the midst of the greatest and most fraught science experiment of all time, starting with the attempt to completely reconstruct all patterns of normal interaction, the closing of vast institutions on grounds that they are not essential, and now ending with more than 11 billion shots having been administered already around the world.  The private benefit of the vaccination for the elderly holds up but rather than even acknowledge the rapidly fading risk/reward equation for much of the population—most especially the children—the powers that be trotted out a teleprompter reader in his dotage to stoke the public hysteria. The only real patriotic duty under these circumstances, of course, is to adopt the words of the other Joe from West Virginia and utter a loud “I’m a no!” when it comes to Biden’s mandates. Tyler Durden Sat, 12/25/2021 - 22:15.....»»

Category: blogSource: zerohedgeDec 25th, 2021

By The Numbers: Shipping"s Unparalleled Year In 10 Charts

By The Numbers: Shipping's Unparalleled Year In 10 Charts By Greg Miller of FreightWaves Ocean shipping hit myriad all-time highs in 2021, and just days before the new year, there’s no sign yet of a return to pre-COVID normalcy. Following are charts covering both container shipping and bulk commodity shipping that highlight how unusual this year has been: Shipping stocks Shipping equities have scored big in the COVID era. Shipping stock indexes are published by New York-based communications and advisory firm Capital Link. Capital Link’s container shipping index outperformed the pack, up 242% year to date as of Tuesday.  Chart: American Shipper based on index data from Capital Link The Capital Link Maritime Index, which covers stocks of all vessel segments, was up 138%, while the dry bulk index was up 97%. Tankers and gas carrier stocks lagged. Capital Link’s gas carrier index was up 43% year to date as of Tuesday, with the tanker index giving back almost all of its earlier gains and up only 4%.  Container spot freight rates Why did container stocks do so well? The initial driver was spot container freight rates, which subsequently drove up ship charter rates and contract freight rates. Drewry’s weekly spot index reveals how extreme the rise has been. Even after a slight pullback recently, Asia-West Coast spot rates are still five to 10 times where they’ve been over the past decade. Spot rate in $ per FEU. Chart: FreightWaves SONAR (To learn more about FreightWaves SONAR, click here.) Container-ship charter rates The more ships that ocean carriers operate, the more boxes they can carry and the more they profit from stratospheric freight rates. This dynamic pushed ship charter rates to record highs as carriers scrambled to secure leased tonnage. As with freight rates, charter rates recently dipped slightly from extreme highs. Now rates are going back up again. Charts: Alphaliner According to Alphaliner, 2021 “will be remembered as a historic year for the charter market, with all-time high demand, a continuously tight supply and record-breaking rates. Time-charter rates are bouncing back, and in some cases improving on their previous highs, putting an end to a recent softening trend.” Maritime imports customs filings What got the ball rolling, pushing up spot freight rates, and in turn, charter rates? Consumer demand for goods, particularly in the U.S. Customs data on the number of import shipments per day highlights the continued strength of that demand. The rush to get goods into the country for Christmas is over, but even so, the number of daily import shipments remains near all-time highs and is up 40% from the same time two years ago, pre-COVID. Seven-day moving average of customs filings. Note: Each filing can be any volume. Chart: FreightWaves SONAR Inbound ocean bookings The customs data shows what just arrived. Other data signals what’s coming. FreightWaves’ SONAR platform features a proprietary index of shippers’ ocean bookings measured in twenty-foot equivalent units as of the scheduled date of overseas departure, indexed to January 2019. The bookings index is a bellwether of U.S. import volumes several weeks ahead, when ships from export destinations arrive at American ports. The index peaked in May at around 250, fell to around 150 in November and has now bounced back to over 200, pointing to continued very strong volumes in the first quarter of 2022. Chart: FreightWaves SONAR Ships waiting for LA/LB berths The freight rate, charter rate, customs and ocean booking data all imply that the supply chain squeeze is far from over. Each of these numbers remains close to its all-time high. Yet another gauge of supply chain pressure: the number of container ships waiting for berths at the ports of Los Angeles and Long Beach, which handle around 40% of U.S. containerized imports. The bigger this queue number, the more U.S. inventories are in transit versus available for sale. The queue off Southern California ports reached an initial peak in Q1, fell back in Q2, then climbed to new heights in Q3 and into Q4, far surpassing Q1 highs. Chart: American Shipper based on data from Marine Exchange of Southern California As of Tuesday, there were 91 container ships in the Pacific queue. The count has been above 90 since Nov. 23, peaking at 102 on Dec. 15. Dry bulk spot rates Container shipping grabbed the headlines in 2021, but it was also an exceptionally good year for dry bulk shipping, as shown in the strong performance of dry bulk stocks. Spot rates for Capesizes (bulkers with capacity of around 180,000 deadweight tons or DWT) surged to $87,000 per day in early September and then plummeted; they were $20,400 per day as of Wednesday, according to Clarksons Platou Securities. That’s still several thousand per day above where rates normally are at this time of year. Rates for Panamaxes (65,000-90,000 DWT) hit a decade high of $36,300 per day in late September and were down to $20,800 per day on Wednesday, still around $10,000 per day better than the 2016-2020 average for this time of year. Rates for Supramaxes (45,000-60,000 DWT) reached a decade high of $39,900 in late October and are down to $26,200 per day, still over 2.5 times better than where they normally are at this time. Charts: Clarksons Platou Securities. Data: Clarkson Research Services, Clarksons Platou Securities Crude-tanker spot rates In contrast to other shipping sectors, 2021 has been exceptionally bad for crude tankers. Rates remain far below normal. Crude tanker owners continue to bleed cash. As of Wednesday, Clarksons put rates for 10-year-old very large crude carriers (VLCCs, tankers that carry 2 million barrels) at just $8,400 per day, with older Suezmaxes (1 million-barrel capacity) at $11,400 and Aframaxes (750,000-barrel capacity) at $13,400. Whereas dry bulk rates have been well above their 2016-2020 average throughout this year, crude tankers have suffered the reverse pattern: Rates are far below the five-year average. At this time of year, VLCC rates should be around $50,000 a day, more than five times current levels. Suezmax rates are normally around $35,000 and Aframax rates $30,000, more than double current levels. Charts: Clarksons Platou Securities. Data: Clarkson Research Services, Clarksons Platou Securities Ship sales Yet another reason that 2021 stands out: An extraordinary number of vessels traded hands in the secondhand market. As of mid-December, Greece’s Allied Shipbroking counted 1,897 vessel sales year to date, with aggregate capacity of 130.84 million DWT. That’s well above the totals in any year since the financial crisis and 32% higher, measured in DWT, than the previous decade high in 2017. Chart: American Shipper based on data from Allied Shipbroking. Note: 2021 data is through the second week of December Container-ship sales were driven by high freight rates. Carriers sought to increase upside exposure to rates not just by chartering ships but also by acquiring them. MSC was by far the leading purchaser. Sales were also high for bulkers and tankers — particularly bulkers. According to Allied data, tankers sales (measured in DWT) were up 32% versus the same period in 2019, pre-COVID, with bulker sales shooting up 81%. New ships on order One reason for higher bulker and tanker secondhand sales: It makes more sense to buy existing ships than to build new ones, given high newbuild prices and uncertainty over future environmental regulations. Also, as 2021 progressed, heavy ordering of new container ships and gas carriers filled up yard slots, blocking orders for other vessel types and pushing owners to the secondhand market. Data from Clarksons Platou Securities reveals a stark split in this year’s orderbook. At one end of the spectrum, container-ship capacity on order now equals 22.8% of tonnage on the water, with the ratio for fully refrigerated LPG carriers up to 24% and for LNG carriers to 29.2%. Those levels imply headwinds for rates when new ships are delivered. On the other end of the spectrum, the order-to-fleet ratio is a mere 5.7% for product tankers, 6.9% for bulkers and 7.9% for crude tankers as 2021 comes to a close. These are historically low levels of new ship orders, implying continued strength for bulkers in the years ahead and offering promise of future relief to beleaguered tanker owners. Chart: American Shipper based on data from Clarksons Platou Securities   Tyler Durden Fri, 12/24/2021 - 15:05.....»»

Category: dealsSource: nytDec 24th, 2021

Top 10 Themes For 2022: Part 2

Top 10 Themes For 2022: Part 2 Picking up where we left off with the first five of Deutsche Bank's Top 10 Themes For 2022, here is Part 2 of what the bank thinks will be the biggest themes of the coming year. Themes covered include i) Antitrust (or competition) renaissance; ii) The end of free money in stock markets; iii) Space: a worrying geopolitical frontier; iv) Central Bank Digital Currencies: Growing into reality and v) ESG bonds go mainstream. (click here for Part 1 which covers the following themes 1) An overheating economy; 2) Covid optimism; 3) A hypersonic labor market and inflation; 4) Corporate focus on asset efficiency; 5). Inventory glut. ) * * * 6. Antitrust (or competition) renaissance, by Luke Templeman Like it or not, US companies will likely face tougher competition in 2022. The rest of the western world is likely to follow suit. An executive order issued by President Biden in July argued that over the last several decades, “competition has weakened in too many markets”. It blamed this for widening racial, income, and wealth inequalities, as well as suppressing worker power. A “whole-of-government” effort was promised on 72 initiatives. That followed just months after the chair of the Federal Trade Commission was given to Lina Khan who is known for her work on anti-trust and competition issues. If Biden’s initiatives have teeth, companies may be about to witness a sharp reversal of the trend towards less competition seen over the past few decades. The following charts show just two indicators that life has become more difficult for new companies in the US. The result of diluted competition is that corporate profit margins have grown. Last quarter’s results showed that profit margins in S&P 500 companies have hit multi-decade highs (despite covid) and have almost doubled to 11.2 per cent (on a four-quarter rolling basis). That has helped corporate earnings comfortably outpace GDP over the last two decades. Of course, falling costs of labor and capital over the last few decades have helped boost profits. But in a textbook competitive market, these advantages should be competed out and/or passed onto customers. The tighter competition has been, in part, due to consolidation after rule changes in the 1980s gave corporates the confidence to ramp-up mergers and acquisitions. Hence a lower number of large firms in many markets. For instance, only a handful of mobile carriers and airlines compared with their numbers 20 years ago. Meanwhile, there is an open-ended question of whether some large technology groups stifle or promote competition. Some argue that scale delivers cheap goods to customers; other say it reduces innovation and the incentive to spend on capex and workers. Regardless of the reason for less competition, Biden appears to have the political will to boost it. And this desire will be undergirded by the will of workers. Post-covid, many workers, particularly low paid staff, have significantly greater bargaining power. As a result, long-standing discontent with wages lagging profits are morphing into action. Large firms, including Amazon, Disney, and McDonald's, have all given pay rises since covid. So, with political will at the top supported by worker power at the bottom, the companies stuck in the middle should expect that 2022 will usher in an era of greater competition, an easier time for new entrants, and more hurdles to mega-acquisitions. It could mean that companies come to see high profit margins as an anomaly rather than the norm. * * * 7. The end of free money in stock markets, Luke Templeman “Will the stock market crash in 2022 as the Fed tapers and likely raises rates?” While many investors fret over this question, the forgotten theme that may accompany the end of free money is not whether stock markets will crash. Rather, it is how investors may be forced, for the first time in a decade, to consider how the end of free money may reorder equity markets on the inside. The end of stimulus is certain to slow the money flow into equity markets. And if rising interest rates push bond yields higher, investors will have options elsewhere in bond markets and other rate-sensitive investments that have been ignored in recent years. As investments aside from equities become more appealing, frustrated active asset managers may finally witness the return of fundamental investing. Equity markets will be shocked by the return of fundamentals. After all, in the era of free money, many frustrated ‘value’ managers have given up. The following charts show that as markets recovered from the financial crisis, traditional ‘value’ investing became very difficult. The reason for the underperformance of ‘value’ is not simply explained by the outperformance of technology ‘growth’ stocks. It is also because the financial crisis catalyzed the era of super-cheap money. A significant proportion of this poured into equity markets, much through passive funds which bought the index. As a result, all stocks began to move in similar ways regardless of the profitability of the underlying companies. The following chart shows that between the 2008 financial crisis and covid, the dispersion (or spread) of stock returns disconnected from the dispersion of returns on equity. In other words, even though corporate profits were more different, their stock prices remained similar. Since covid, stock markets have flirted with the idea of once again discriminating between companies with strong and weak profitability. But the stimulus-fuelled rally has largely ended that. Investors are, once again, simply throwing their money at the entire stock market, particularly in passive funds. In 2022, as equity markets lose the flood of money that has propped up all stocks over the last decade, investors may be forced to become more discerning. There are signs this is beginning to happen. Postcovid, the dispersion of returns is higher than it has been in almost a decade. Accelerating the return of fundamentalism could be a tightening in business conditions. Wage pressure, exposure to ESG issues, and the Biden administration’s desire to increase competition, will likely have a disproportionate effect on poor quality companies that investors have hitherto propped up. That will further highlight the gap to market values and widen the differences between companies. None of this means overall equity markets will crash. Rather, it may lead to a reordering within equity markets as we witness the return of fundamental value investing. Finally, active managers may be back in vogue. * * * 8. Space: a worrying geopolitical frontier, Galina Pozdnyakova Against the backdrop of rising geo-political tensions between several countries, 2022 is shaping up to be the year when tensions over the potential for the militarization of space become a top geo-political negotiation topic. The problem is that most parties have an incentive to avoid agreeing on new rules. Many would rather keep space as a ‘wild west’. Of course, several countries have national space laws, and international treaties such as the Outer Space Treaty of 1967 are in place. Yet they do not adequately govern modern weaponisation of space technologies. And with no consensus over boundaries and control over space objects, and blurred lines between defence and weapons systems, the risk of conflict is rising. The reality of the military threat in space will be amplified in 2022 as politicians digest recent high-profile events. The Russian ASAT test in November showed that the country can take down satellites – an ability also demonstrated by the US (2008), China (2007) and India (2019). Meanwhile, France recently became the fourth country to launch electromagnetic-monitoring military satellites, following the US,  China, and Russia. The importance of space has surged in the past few years as falling launch costs have led to an increased number of satellites in orbit and, thus, and increased dependence upon them. Aside from military uses, future conflicts will certainly target communications, GPS, and finance applications that all rely on satellites. Countries have quickly taken the military risks of space more seriously. Over autumn, QUAD leaders agreed to finalize “Space Situational Awareness Memorandum of Understanding” this year. Separately, the UK pushed a resolution on “threatening and irresponsible space behaviours” which passed the first stage at the UN and will be reviewed in December. Responding to the threats, new military space divisions have popped up over the last two years. Japan’s Space Operations Squadron and the UK’s Space Command were both created since 2020. They follow the creation of China’s Strategic Support Force in 2015, and the US Space Force in 2019. The latter will receive a 13 per cent budget increase in 2022. The 2022 completion of the Chinese space station, Tiangong, will also mark a shift in soft space power. It will increase China’s scientific research capabilities and its collaboration with other countries. The station’s advanced technologies and equipment, as well as modular design, will allow for multiple use cases. Meanwhile, the International Space Station is only approved to operate until 2024. So 2022 will likely be the year where space becomes the next frontier of an arms race between key global powers. Layering these issues on top of existing geopolitical tensions will create an unusual situation for world leaders. Everyone wants everyone else to play by the rules. Yet the rules of space are antiquated and there is a heavy incentive for most powers to avoid cementing new ones. The tensions above the Earth appear set to amplify tensions on it. Space threats are already becoming a topic of geo-political negotiation and, in 2022, they will likely become front-and-center. * * * 9. Central Bank Digital Currencies: Growing into reality, Marion Laboure There is a clear move towards a cashless society (as a mean of payment) and CBDCs is set to progressively replace cash. The question is no longer « if » but « when » and « how ». Today, 86 per cent of central banks are developing a CBDC; 60 per cent are experimenting at the proof-of-concept stage. Central banks representing about a fifth of the world’s population are likely to issue a general purpose CBDC in the next two years. We believe that a large majority of countries will have a CBDC live in the next five to six years. Emerging economies will lead the race. They will move quicker and with higher adoption than advanced economies. The Bahamas and the Eastern Caribbean are live; China will be live in February 2022. In five years, many emerging economies will have moved; including many Asian countries. The ECB/Fed will soon start piloting projects and, if successful, are expected to be live around 2025-26. The main barriers for advanced economies are: cultural/privacy; low interest rates; older demography, heavily reliance on cards. A CBDC itself is not going to rebalance the international order between the US and China. But this is the Chinese global, 360 strategy with very advanced payments technologies which is creating an advantage to pay in their currencies and will continue to gain market share. China benefits from advanced payments systems (especially settlement technologies) that could change the deal and attract merchants and vendors to use this new, more efficient currency. The Chinese government has made tremendous efforts to internationalize the renminbi, like the US intervention in the early twentieth century. China aims to become a world leader in science and innovation by 2050. China is also massively investing in advanced technologies and is currently the second largest investor in artificial intelligence enterprises after the US. Indeed, China appears on track to have an “AI ecosystem” built by 2030. * * * 10. ESG bonds go mainstream, Luke Templeman Amongst the many themes turbocharged by the covid catalyst, ESG bond issuance is one of the most prominent. In 2022, ESG bond issuance is set to go mainstream. Investors have taken notice. In fact, the holdings of ESG bond exchange-traded funds have tripled to over $45bn since the covid outbreak. As the chart below shows, that surge of interest follows years of very little growth. The growth of ESG bonds appears to have breached a tipping point. Not just because investors are keen to hold ESG debt, but also because corporates see that ESG issues now affect their business and investment risk. Indeed, in our recent survey, 19 per cent of corporate debt issuers say that over the last 12 months, environmental factors have impacted their rating. A smaller, but still material proportion, report that social and governance factors have had an impact. Now that there is a firm nexus between ESG issues and business risk, ESG instruments (primarily bonds) have become a gateway through which corporates begin to address their impact on problems like climate change. Since early last year, over half of corporates have either offered their first ESG instrument or are currently preparing to do so. Some of the strongest issuance in 2022 will likely be of sustainability-linked bonds. These bonds, which have quickly become very popular, generally offer corporates an interest rate discount if they hit certain ESG targets. From a base of close to zero two years ago, sustainability-linked bonds have comprised up to half the ESG bond issuance in the second half of 2021. Investors have quickly fallen in love with sustainability-linked bonds. Just over half of investors say these types of bonds are the most promising instrument out of a pool of ESG assets. That is over double the next highest response, which is European green bonds, with 21 per cent. Driving sustainability-linked bonds is the sudden growth in the number of businesses that publish quantifiable ESG performance targets. Indeed, a third of corporate debt issuers have already started to do so since 2020. A further 21 per cent will begin publishing in the next 12 months and that will leave only 6 per cent without any plans to do so. Aside from investor demand and published corporate targets that have laid the platform for the growth of sustainability-linked bonds in 2022, corporates have discovered the ‘signalling’ benefits. Just over 60 per cent of companies in our survey said the main benefit of their company’s ESG instrument was that it “enables us to convey our sustainability strategy”. A further 22 per cent say these instruments expand their investor base. Meanwhile, half say there are pricing benefits. Definitions on how to do ESG investing ‘well’ differ given the breath-taking pace at which it is evolving. Regardless, corporates and investors have now created the market for ESG bonds. With companies starting to publish specific ESG targets, it seems inevitable that in 2022 there will be a surge in issuance from corporates and strong appetite from investors. Tyler Durden Thu, 12/23/2021 - 16:50.....»»

Category: blogSource: zerohedgeDec 23rd, 2021

Eni (E) Signs Agreement With Enel for EV Charging in Italy

The latest agreement is part of Eni's (E) strategy for sustainable mobility in the future. Eni E entered an agreement with Enel to enable electric vehicle (EV) drivers to charge their vehicles across Italy through their infrastructure networks.Eni’s recently acquired Be Charge and Enel’s energy e-service unit, Enel X, operate primary EV charging networks in Italy, with about 20,000 charging points. The interoperability of EV charging infrastructures is crucial to scale up the transition to electric mobility in the country. Per the terms of the agreement, customers will be able to access the service from their smartphones through the Enel X, BeCharge and Eni apps.Enel X and Be Charge intend to spread electric mobility by installing high-powered chargers that allow an ultra-fast, simple and reliable charging experience. In recent years, Enel X developed an extensive charging network, which covers the entire Italian peninsula. It enables people to drive electric cars effortlessly. With the latest agreement, Enel X is working in close collaboration with partners to make the transition to electric power more convenient and cost-effective.Energy companies are increasingly investing in EV chargers as demand for the same is expected to grow significantly in the future. The latest agreement is part of Eni’s strategy for sustainable mobility of the future, which is a key driver of the energy transition. This includes the evolution of the current service stations and mobility points to provide fast and ultra-fast charging for electric mobility.Eni plans to install more than 1,000 charging stations in Italy and abroad by 2025. Beside this, the interoperability of EV charging is included in the Eni Live app, enabling drivers to access various services with increasingly automated, efficient and secure payments.Company Profile & Price PerformanceHeadquartered in Rome, Italy, Eni is one of the leading integrated energy players in the world.Shares of Eni have outperformed the industry in the past six months. The stock has gained 12.9% compared with the industry’s 3.2% growth. Image Source: Zacks Investment Research Zacks Rank & Key PicksEni currently carries a Zack Rank #3 (Hold).Investors interested in the energy sector might look at the following companies that presently flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Houston, TX-based Occidental Petroleum OXY is an integrated oil and gas company, with significant exploration and production exposure. OXY is also a producer of a variety of basic chemicals, petrochemicals, polymers and specialty chemicals. As of 2020-end, Occidental’s preliminary worldwide proved reserves totaled 2.91 billion BOE compared with 3.9 billion BOE at the end of 2019.Occidental Petroleum’s earnings for 2021 are expected to surge 155.8% year over year. OXY has also witnessed five upward revisions in the past 60 days. The company currently has a Zacks Style Score of A for Momentum and B for Growth. In the third quarter, OXY achieved the planned divestiture target of $10 billion by entering a deal to sell its interest in two offshore Ghana assets for $750 million.PDC Energy PDCE is an independent upstream operator, which engages in the exploration, development and production of natural gas, crude oil and natural gas liquids. PDCE, which reached its present form following the January 2020 combination with SRC Energy, is currently the second-largest producer in the Denver-Julesburg Basin. As of 2020-end, PDC Energy’s total estimated proved reserves were 731,073 thousand barrels of oil equivalent.PDC Energy’s earnings for 2021 are expected to surge 286.2% year over year. PDCE witnessed five upward revisions in the past 60 days. PDCE beat the Zacks Consensus Estimate in the last four quarters, with an earnings surprise of 51.06%, on average. As of Sep 30, 2021, PDC Energy had $1.7 billion in total liquidity, while its credit facility currently has a total borrowing base of $2.4 billion. Moreover, PDC Energy’s debt maturity profile is a favorable one.SM Energy SM is one of the most attractive players in the exploration and production space. It engages in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in North America. SM’s operations are focused in the Permian basin, and the South Texas and Gulf Coast region. It has 443,188 net acres under its possession, of which 33.5% is developed.SM Energy’s earnings for 2021 are expected to surge 708.7% year over year. SM currently has a Zacks Style Score of A for Growth, and B for both Value and Momentum. The upstream energy player beat the Zacks Consensus Estimate thrice in the last four quarters and missed once, with an earnings surprise of 126.3%, on average. Zacks’ Top Picks to Cash in on Artificial Intelligence This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report Eni SpA (E): Free Stock Analysis Report SM Energy Company (SM): Free Stock Analysis Report PDC Energy, Inc. (PDCE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 23rd, 2021

CenterPoint continues to bulk up on NJ industrial property

CenterPoint Properties has closed on a low-coverage industrial facility in a highly coveted pocket of the premier Exit 8A submarket: 6 Wheeling Road in Dayton, New Jersey. The 198,000 Class A building covers just 28 percent of the nearly 14-acre property.  “This investment continues our momentum over the last 12... The post CenterPoint continues to bulk up on NJ industrial property appeared first on Real Estate Weekly. CenterPoint Properties has closed on a low-coverage industrial facility in a highly coveted pocket of the premier Exit 8A submarket: 6 Wheeling Road in Dayton, New Jersey. The 198,000 Class A building covers just 28 percent of the nearly 14-acre property.  “This investment continues our momentum over the last 12 months in 8A of acquiring institutional-quality, low-coverage assets right off the Turnpike,” said Bryan Won, CenterPoint’s investment officer. “6 Wheeling is a well-located Class A asset with superior parking that will stand the test of time in a white-hot 8A submarket,” Won continued. The warehouse features a 31-foot clear-height and has a separate 2-acre parking lot, adding to its long-term value to CenterPoint. The facility is only four turns from the New Jersey Turnpike for efficient trips to Port Newark-Elizabeth and New York City. “We’re thrilled to add this property to our infill Northern New Jersey portfolio,” said David Nenner, senior vice president of asset management. “Land suitable for industrial development at Exit 8A is nearly exhausted, making premium assets like the Wheeling Road property even more desirable to companies that need to be near the Port and the densely populated Central and Northern New Jersey consumer bases,” Nenner finished. Unrelenting demand for space and storage in Northern New Jersey has tamped vacancy rates in the Exit 8A submarket down to one percent.  According to industry analysts, rents for Class A product in the Northern New Jersey market are approaching 30 percent year-over-year gains. Bunny Escava and Isaac Setton at Kassin Sabbagh Realty brokered the transaction.  This is CenterPoint’s third acquisition in the Exit 8A submarket this year. In June, the company landed the low-coverage Class A facility at 63-65 Stults Road, and in the same month, it bought yet another sizeable property at 10 Corn Road.  The post CenterPoint continues to bulk up on NJ industrial property appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyDec 23rd, 2021

A Kentucky Democrat says solving the labor shortage is "cultural" because young people now "can make as much money being a barista as they can being an assembly-line worker"

Budget chair John Yarmuth says "so many things are changing right now in terms of the nature of work" but a solution may be three or four years away. Rep. John Yarmuth.J. Scott Applewhite/AP; Jon Cherry/Getty Images; Marianne Ayala/InsiderThe labor shortage hit Kentucky hard.A recent report indicated that the state had one of the highest quit rates nationwide in August, along with one of the highest job-opening rates. Months later, the state was still near the top of the list for most unfilled job openings. Insider spoke with more than a dozen Kentuckians to uncover what's powering the shortage and how it could be solved, and spoke to representatives from both the Democratic and Republican sides of the aisle in the heavily conservative state. Rep. John Yarmuth, a Democrat who chairs the House Budget Committee, argues there's a role for the federal government to ease the shortage. We also interviewed Yarmuth's Republican colleague James Comer, whose district covers the western part of the state. Yarmuth, whose district includes Louisville, said he's heard many complaints from local businesses about the labor shortage but not from constituents themselves, and that employers "are complaining, but they don't really have any ideas for what the government could do to make their jobs any more appealing." As for his Republican colleagues, he said he hasn't talked to any of them about solving the labor shortage. The Louisville area is thriving by paying workers more, though. "There are lots of opportunities in my district."Yarmuth is retiring from Congress next year.Here's a transcript of Insider's interview with the representative, lightly edited for brevity. During the pandemic, the quit rate in Kentucky was especially high — the highest in the country for a while — and the Kentucky Chamber of Commerce foundation said the state was in a "workforce crisis." What do you think of that?I think to an extent we're in the same boat that many other places are in. We had healthcare fears, we had concerns about the disease itself. We have and still have problems with childcare. And with school shutdowns, that was a big factor, with parents having to stay home and take care of kids.This past year, in August, when we apparently led the country in percentage of job quits, we also had a very significant increase, and new people taking new jobs  — actually more people taking new jobs than had quit. So that was a little bit of a mixed picture.What that represented was essentially people understanding that they could do better, they found better jobs, quite simply. I mean, we still have a $7.25 minimum wage in Kentucky, and people realize that they could make $15 an hour, and they so they quit a job and took the better one. So in that respect, they were better off.Those businesses that either refused to or have been unable to compete with Amazon distribution centers paying $15 to $18 an hour. So a lot of people left low-paying jobs. We've lost tons of restaurants in my district and jobs in the hospitality field. People are desperately in need of those positions.So we got a big shortage, but it's not necessarily all bad news. Because a lot of people are doing much better now than they did before.What do you think needs to happen for the labor shortage to end?I'm very supportive of increasing the federal minimum wage, but it seems like, again, the market is actually taking care of a lot of that. I don't know that anybody right now can hire anybody under $11 or $12. I just don't think that job exists right now. So the combination of the pandemic and the need for more people has changed the equation. It's now very much a pro-worker environment, in terms of wages.So I don't think that a federal minimum wage at this point would make all that much difference in terms of the labor shortage, because there are plenty of jobs available at $15 an hour — jobs that don't require high-level skills. We've got so many distribution and logistics jobs available in the area that if you want a $15-an-hour job, you can get one, basically, regardless of your skill level.[My district is] just Louisville, but the surrounding counties obviously benefit from this. We got UPS as our largest employer, they have about 20,000 employees and they're hiring more people all the time. And they're paying in that $15- to $16-an-hour range and with benefits and with education benefits, and it's a pretty attractive place to work.And then all the companies like Amazon and Zappos and others who have distribution centers around us are all in the same boat. E-commerce is has expanded so dramatically during the pandemic.I don't think that's true of everywhere in Kentucky, certainly not true in Appalachia, there are not a lot of alternative jobs available. I think over half of our state is a childcare desert. Can you talk a little bit more about that specific part of it?Obviously, that's an element of childcare when you've got kids, 3- and 4-year-olds, go into school. [Addressing] that would be a significant help in resolving labor shortage.It's not going to be immediate, but as a longer-term solution to labor shortages, I think that's a big factor.Because clearly, the way the workforce is changing with more options available to work at home, and then you kind of make that judgment as to, "Well, am I going to take a job where I have to go to an office, and then I have to pay for childcare, or I can work at home and not have to pay for childcare?" That becomes a balancing act, and may contribute in some ways to the labor shortage. And because those people who might stay at home might otherwise take other jobs. So I just think there's so many changes going on in the workforce that I think it's probably too early to figure out what the horizon is going to be three, four years from now — the landscape is going to be three or four years from now, because so many things are changing right now in terms of the nature of work, the nature of the jobs that are available.And what we've seen is that the government's support, most of the studies show, it didn't make that much difference in people deciding to go back to work or not particularly when [unemployment benefits] went from $600 to $300. The share of Kentucky residents working has actually been going down for almost 20 years. Why do you think it has gone this long without being addressed? And then do you believe that there are more factors at play here?We've got an aging population, so I think you've got a lot of people who just aged out of the workforce or decided to retire when they could.We have a ton of people in the state with bad health and disabilities. We have a very bad health profile.I suspect that has something to do with it as well. Yeah, there are a lot of factors. I think it's pretty complicated.(Editor's note: Kentucky is ranked as one of America's least-healthy states. A report from the United Health foundation placed Kentucky near the bottom for health behaviors and health outcomes.)I would imagine that a lot of younger people are trying to seek other opportunities elsewhere.  Is that a factor?I suspect that in some parts of the state it is. I don't think that's a factor in my district. But my district is very unlike the rest of [the state]. It's a vibrant, significant urban area. And there are lots of opportunities in my district.But I think in some places in the state, certainly, when you're talking about coal country, those jobs really aren't available anymore. They certainly aren't attractive. And I think a lot of those young people have left those areas to try and find better opportunities.!function(){"use strict";window.addEventListener("message",(function(e){if(void 0!==e.data["datawrapper-height"]){var t=document.querySelectorAll("iframe");for(var a in e.data["datawrapper-height"])for(var r=0;r.....»»

Category: topSource: businessinsiderDec 21st, 2021

How Insider"s Emma Cosgrove reports on the chaotic, never-ending supply-chain crisis

Insider reporter Emma Cosgrove is trying to create a deeper understanding of the people and systems that bring goods to our doorsteps with ever-increasing speed. Samantha Lee/Business InsiderInsider senior reporter Emma CosgroveEmma Cosgrove/Insider Insider is taking you behind the scenes of our best stories with our series The Inside Story. This week we're spotlighting Insider senior reporter Emma Cosgrove, who covers transportation and logistics, including hot topics like warehouse technology and same-day delivery.  You can read Cosgrove's reporting for Insider here. Tell me a bit about your background and how you began covering transportation and logistics. I've slowly crawled up the supply chain for most of my career in journalism. Around seven years ago, I was covering food and restaurants in NYC, but I'd worked in the grocery industry before that, so I asked a lot of questions about farms, sourcing, packaging, and distribution.Luckily, at that time food and agriculture coverage were starting to merge (still in process), and in 2016 I was offered a job covering venture investing in food and agriculture technology based on the work I'd done as a freelancer. I was fascinated by how much the system we use to get food to stores and restaurants affects the food we grow, what we find on shelves, and what's affordable. Tiny tweaks to such a massive system can actually improve our food, and most of the time that has nothing to do with famous chefs or tech billionaires. That led me to reporting on supply chains for Supply Chain Dive before joining Insider. There I got a crash course in trucking, ocean freight, warehouse operations, and last-mile delivery. When I joined Insider in February 2021, I knew I wanted to focus on delivery because that's the part of the supply chain that the e-commerce explosion of the last two years is changing the most. And it's the part we can all relate to. What does a day in the life of reporter Emma Cosgrove look like? I always start my day with news. Logistics is obviously global and there are plenty of stories to read out of China and Europe when I wake up in New York. A lot of my work is planned out ahead of time since it's fairly deep reporting for Insider subscribers, but sometimes I get a tip that's worth dropping everything for and those days are secretly my favorite. The most important thing I do every day is keep up with folks doing the work in logistics, from startup founders, consultants, and investors to package-delivery drivers and gig workers. Especially during the holiday delivery season, I want to know what everyone is seeing all over the US and, increasingly, the world. Sometimes it's a long, winding conversation, but a lot of the time it's just a text to a package-delivery driver asking 'How many stops today?' How does your international experience in Lebanon inform your career as a journalist?My first job out of college was covering the Lebanese banking system for an English-language magazine in Beirut called Executive magazine — which still does great work despite the dire financial situation in Lebanon right now. I had no idea it would be such a good introduction to business journalism. Lebanon is a small country with a manageable list of financial power players to learn. Jumping into financial reporting in a foreign banking system meant I couldn't really use any existing knowledge (which at 21 was pretty slim anyway). That led me to ask a lot of really basic questions — which is something no reporter, however experienced, should skip. That job also taught me to pay close attention to context in business stories. Lebanon has such a rich, complicated, sometimes heartbreaking history. I cringe now to think how many rooms I walked into and executives I interviewed without fully understanding how that history informed everything that happened in business and elsewhere. I definitely learned that lesson the hard way and try to keep it in mind now. Some of the companies I report on are old — UPS has been around for 114 years — so when I talk to logistics execs who've been around a while, I try to make sure I know my history so I can properly understand the context around decisions. How do you go about finding inside scoops on major corporations like Amazon?I report on a fairly complex and unsung industry, so I start with a genuine interest in the ins and outs of logistics — especially e-commerce. Everyone talks about how fast Amazon delivers, but fewer actually know how it's done and what it requires of the people that keep up those speeds every day. A lot of my best sources first reach out to me in response to my reporting because they can see I try really hard to get the logistics part right. I report on logistics because I know how important it is to all of us and how much it shapes our world. Hopefully that resonates, whether sources are reaching out to me or I'm reaching out to them. From there, it's about developing relationships and trust — and asking the right questions. How has your beat changed during the pandemic, and how do you see a transportation beat evolving as time goes on?Here's a thought experiment: Everyone reading this is a consumer. Think about how the way you get all of your stuff (food, sweatpants, gym equipment) has changed in the last two years. That's how much my beat has changed. E-commerce logistics networks have pretty much been maxed out since the summer of 2020, and it's caused a massive amount of invention and investment. The industry really hasn't been able to catch its breath, so I'm excited to see which investments were the smart ones if and when things slow down.What most excites you about your job?I like understanding how the world works. If the last few months of the "supply-chain crisis" has taught us anything, I hope it's that this system of making stuff and moving it around the world is a very messy miracle. There's no central organizer. I think once you learn to see the "stuff" moving all around the world, you look at everything differently and it's hard to go back. That probably sounds dramatic, but the highway is more exciting when the trucks mean something to you. I can look at a truck or a railcar or watch the cargo being loaded onto an airplane from my seat and at least infer something about what's going on. I can spot things that are out of the ordinary and ask sources what's up. What's more, I have a lot of concerns about consumption and climate change. Covering this beat is a great way to keep an eye on that — even if it certainly doesn't make me feel better!You can read some of Emma's recent stories here:UPS is facing down a fight with its drivers' union over the weekend delivery it needs to compete with Amazon and FedExAmazon's web-server outage caused some warehouses and deliveries to come to a screeching halt as 'bored stiff' workers wait: 'Anything using a computer is down'Here's the 9-page pitch deck supply-chain-data startup Tealbook used to raise its $50 million Series BSome Amazon drivers are being sent home without delivering a single package after AWS outage scrambles software during holiday rush Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 20th, 2021

32 thoughtful gift ideas for men, from a record player to custom cologne

Need some last-minute gift ideas? To make shopping easy for you, we came up with a list for men that covers all budgets and tastes. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Harry's Whether he's your brother, partner, dad, or friend, you're probably looking for a gift for him. To make shopping easier, we came up with a list of 32 thoughtful gifts for the special man in your life. Our picks cover all budgets and tastes, from cozy socks to a massage gun. Need more gift ideas? Check out all of our Insider Reviews gift guides here. Shopping for the special men in your life can be a pretty daunting task if they haven't specifically outlined what kind of gifts they want, but the key is to not over-think it. The best gifts are usually things he needs but is too stubborn to buy for himself or things he'll end up using every day.If you need some inspiration for what to get for him, the Insider Reviews team has you covered with some truly excellent gift ideas. Though you can never go wrong with a new leather wallet, Patagonia fleece, or shaving kit, we've also included some unique gifts, like a vinyl record player and smart light kit.Check out 32 great gift ideas for men:A stylish and comfortable pair of sneakersAllbirdsAllbirds Men's Wool Runners$98.00 FROM ALLBIRDSPopular shoe startup Allbirds now sells high-top sneakers and even clothing, but for the uninitiated (and honestly really anyone), the classic Wool Runners make an excellent gift. A custom cashmere sweater with his initialsRalph LaurenRalph Lauren Custom Cashmere Crew$298.00 FROM RALPH LAURENIf you're looking for something a bit more special than your average sweater, Ralph Lauren's Custom Cashmere allows you to personalize sweaters with different colors and initials.A warm winter coatTriple F.A.T. GooseTriple F.A.T. Goose Straden Men's Parka$725.00 FROM TRIPLE F.A.T. GOOSEDon't wait until the forecast includes freezing temperatures and snow to get him a new winter jacket. Triple F.A.T. Goose's Straden Parka is exceptionally warm with a 750-fill power and it's also waterproof.Comfortable socks that give backBombasBombas Men's Holiday Snowflake Calf Sock 4-Pack Gift Box$59.50 FROM BOMBASOriginally $70.00 | Save 15%His feet will thank you for keeping them cozy all winter long in these socks. And for every pair purchased, Bombas will donate a pair to someone in need.Comfortable sweater polosThe Tie BarThe Tie Bar Perfect Tipped Merino Wool Polo$65.00 FROM THE TIE BARThe Tie Bar's Merino Wool Polo is a stylish, winter-appropriate take on the classic polo shirt. He'll enjoy the looks of a long-sleeve polo with the warmth of merino wool.An incredibly comfortable onesieSaxxSaxx Nightcrawler Onesie $76.00 FROM SAXXOriginally $95.00 | Save 20%We love SAXX's underwear because of its comfort and utility, and the Nightcrawler Onesie is no different. From festive holiday patterns to silly banana prints, the Nightcrawler takes a fun and cozy approach to your typical PJs.A classic leather walletBellroyBellroy Low Wallet$75.00 FROM BELLROYBellroy Apex Sleeve$129.00 FROM BELLROY$129.00 FROM AMAZONA wallet doesn't have to be a boring gift when it's from Bellroy. The brand offers a great variety of designs to fit all kinds of people's personal styles or needs. From low-profile designs like the Low to RFID blocking wallets like the Apex Sleeve, there's a lot to choose from.A warm fleece he'll always wearPatagoniaPatagonia Men's Better Sweater Fleece Jacket$139.00 FROM PATAGONIAWe're firm believers that you can't own too many Patagonia fleeces. The Better Sweater Fleece Jacket is super warm compared to its light weight and comes in 11 different colors, so you'll definitely find one he'll like.A funky pair (or pairs) of underwearMeUndiesMeUndies Men's Membership$16.00 FROM MEUNDIESYour first thought may be that underwear is sort of a strange gift, but hear us out. MeUndies are so comfortable they will blow his mind, and they come in tons of colors and limited-edition prints.Cozy slippers he'll love to lounge around in or wear outsideUGGUGG Tasman$100.00 FROM UGG$99.95 FROM NORDSTROM$79.95 FROM AMAZONOriginally $99.95 | Save 20%$99.95 FROM ZAPPOSThe UGG Tasman is a wonderful option because it's incredibly warm, comfortable, and can be worn indoors and outdoors. For more slippers options, check out our guide on the best men's slippers here.A watch strap that'll up the ante on his Apple WatchNomadNomad Apple Watch Band$59.95 FROM NOMADDress up his Apple Watch with a beautiful Horween leather strap that costs far less than the price of Apple's own straps.An Amazon Echo ShowAmazonAmazon Echo Show 8 (Second Gen)$94.99 FROM AMAZONOriginally $129.99 | Save 27%The Echo Show is my personal favorite Echo because of its crisp HD display. Like every other Echo, it uses Alexa to accomplish any number of tasks, from answering questions to reordering supplies on Amazon. But in addition to Alexa's verbal response about the day's weather forecast, for example, the Echo Show displays it on its 8-inch screen. Popular wireless earbudsDave Smith/Business InsiderApple AirPods Pro$179.00 FROM AMAZONOriginally $249.99 | Save 28%$179.99 FROM TARGETOriginally $249.99 | Save 28%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$179.00 FROM WALMARTOriginally $249.00 | Save 28%$209.00 FROM B&HOriginally $249.00 | Save 16%A pair of Apple AirPods Pro is perfect for enjoying music, podcasts, and taking calls hands-free.Noise-canceling earbudsBeatsBeats Fit Pro$199.99 FROM AMAZONThe all-new Beats Fit Pro earbuds are a great alternative to AirPods. They feature wings to keep them secure in your ears and noise-canceling technology.An Amazon Echo DotAmazonAmazon Echo Dot (4th Gen)$29.99 FROM AMAZONOriginally $49.99 | Save 40%$29.99 FROM BEST BUYOriginally $49.99 | Save 40%$29.99 FROM TARGETOriginally $49.99 | Save 40%Amazon's tiny but mighty smart speaker is just as powerful as its sibling devices, allowing him to control anything from his lights to his music.The latest Apple WatchAppleApple Watch Series 7$349.00 FROM AMAZONOriginally $399.00 | Save 13%$349.00 FROM WALMARTOriginally $399.00 | Save 13%$399.00 FROM APPLE$399.00 FROM BEST BUYWay more than your average wrist watch, the brand new Apple Watch Series 7 is a gift that tech lovers will love.Smart light bulbs that can create billions of lighting combinationsPhilipsPhilips Philips Hue White & Color Ambiance A19 LED Starter Kit$199.99 FROM NEWEGGPhilips Hue lighting not only looks cool, but it can also replicate a natural sunrise and combat the effects of seasonal sunshine deprivation. This starter kit is also compatible with Amazon's, Google's, and Apple's smart assistants. A vintage-style record player for audiophilesAmazonElectrohome Kingston 7-in-1 Vintage Vinyl Record Player$199.99 FROM AMAZONWith built-in speakers, Bluetooth, AUX, and USB connectivity, and the ability to convert vinyl into MP3s, this record player does it all.A waterproof, no-glare Kindle e-readerAmazonAmazon Kindle Paperwhite (2021)$139.99 FROM AMAZONThe recently refreshed Kindle Paperwhite is an excellent gift for anyone who loves to read. For $140, he'll get a Kindle that's waterproof, has a new 6.8-inch display screen with thinner borders, 20% faster page turns, and storage for thousands of books. A high-end electric razorBraunBraun Series 7 (7085cc)$134.94 FROM AMAZONOriginally $169.94 | Save 21%We've tested tons of electric razors and the Braun Series 7 is one of the best you can buy. It's the perfect grooming tool for men who prefer electric over traditional multi-blade razors.Read our full review here.Custom cologneHawthorneHawthorne Work and Play Cologne Set$100.00 FROM HAWTHORNEHawthorne makes personalized cologne for men based on a short personality quiz. It's perfect for helping him find a new scent he'll love.An exfoliating razorTargetGilletteLabs Exfoliating Razor$30.49 FROM TARGETSkincare is an important part of maintaining a clear face after shaving, so to help, GilletteLabs' latest razor will exfoliate his skin while he shaves.A clean, daily skincare routineHumanrace SkincareHumanrace Routine Pack$110.00 FROM HUMANRACEFeaturing clean ingredients and sustainable packaging, Humanrace is an easy three-step routine that will simplify his skincare regimen.A high-quality shave setHarry'sHarry's The Winston Set$25.00 FROM HARRY'SHarry's has become one of the biggest shaving brands thanks to its affordable prices and quality razors. If he prefers to groom with multi-blade razors, The Winston Set is an awesome way to elevate his shaving experience.An Instant Pot for easy weeknight mealsAmazonInstant Pot DUO 60 7-in-1 (6-qt)$79.98 FROM INSTANT$89.00 FROM AMAZON$89.00 FROM WALMARTThe Instant Pot is one of the most versatile appliances you can add to your kitchen for under $100. Help him make delicious home-cooked meals in a cinch, even when he has to work late.The massage gunTheragunTheragun Mini$199.00 FROM THERABODY$199.00 FROM DICK'S SPORTING GOODSThe compact design of the Theragun Mini makes it easy to carry around, but don't let the small size fool you. It still packs a better punch than most massage guns around the same price.Theragun PRO$449.00 FROM THERABODYOriginally $599.00 | Save 25%$449.99 FROM TARGETOriginally $599.99 | Save 25%We think the Theragun Pro is worth every pretty penny for its power and durability. It beats others on the market for its revolutionary QuietForce Technology, a feature that makes the operation of the gun far quieter than any others in the brand's lineup. A luxurious sheet set that makes bedtime betterBrooklinenBrooklinen Classic Core Sheet Set (Queen)$126.65 FROM BROOKLINENOriginally $149.00 | Save 15%Brooklinen Luxe Hardcore Sheet Bundle (Queen)$240.00 FROM BROOKLINENOriginally $300.00 | Save 20%High-quality sheets might be the last thing on his mind, but he'll appreciate them once he has them. Brooklinen's bedsheets are some of our favorites for their comfort, feel, and overall value.Whether you choose the Classic Core Sheets or the higher-end Luxe Hardcore Sheets, the bundles will include everything he needs to give his bed a fresh makeover. Brooklinen also sells comforters, pillows, candles, and blankets. Read our full review of Brooklinen sheets here. A flask that'll keep his coffee hot and his water coldHydro FlaskHydro Flask 32-ounce Wide Mouth Bottle$44.95 FROM HYDRO FLASKThis insulated bottle keeps hot drinks hot (and we mean hot) for up to 12 hours, and cold drinks cold for up to 24 hours. Whether he enjoys hot coffee or ice-cold water, this flask will keep his drinks at the perfect temperature.A weighted blanket from a beloved online mattress startupCasperCasper 15-pound Weighted Blanket and Two Pillow Set$299.00 FROM NORDSTROMThe pressure of a weighted blanket has a soothing effect that'll reduce anxiety and help him fall asleep faster. Plus, it'll feel like he's being wrapped in a big hug. An audible subscriptionAudible/Business InsiderAudible Gift Membership (3 Months)$45.00 FROM AMAZONWith an Audible membership, he'll gain access to thousands of audiobooks and podcasts that he can listen to on his Kindle, smartphone, or in the car. An Amazon Prime membership that makes shopping online super convenientAmazonAmazon Prime One Year Gift$0.00 FROM AMAZONAmazon Prime opens up a whole new world of access, be it to fast two-day shipping or any of the other 25-plus perks you'll get with a membership. If you know he doesn't have one yet, this is a smart gift — but in the case he does, he'll get to use the $39 on anything he wants or needs from the site.A Disney Plus gift subscriptionDisney PlusDisney Plus Gift Subscription$79.98 FROM DISNEY+This subscription gives him unlimited access to movies and shows from Disney, Pixar, Marvel, Star Wars, National Geographic, and 20th Century Fox, and costs just $69.99 for a year. Read everything there is to know about Disney+ over here.And if he needs some binge-spiration, here are all the new movies available to stream.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 20th, 2021