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"Game Of Thrones" Who? HBO And HBO Max Might Have Another Hit Franchise With "The Last of Us"

Once known as the home of “Game of Thrones,” HBO and HBO Max might soon be referenced more for another hit show. Here’s a look at the early ratings and success for one of the newest video game adaptations that could provide a boost to HBO and HBO Max. read more.....»»

Category: blogSource: benzingaJan 24th, 2023

HBO"s "The Last of Us" is really good. That doesn"t mean other video-game TV shows will be.

HBO's "The Last of Us" doesn't feature the open worlds and role-playing of other games getting the TV treatment like "Mass Effect" and "God of War." "The Last of Us" is already a hit on HBO after two episodes.HBO HBO's "The Last of Us" is a hit with both critics and audiences. From "Fallout" to "God of War," a slew of other video-game TV shows are in the works. But the success of "The Last of Us" doesn't mean all game-based shows will work. HBO's "The Last of Us," based on the video game of the same name, is a certified hit.The second episode was watched by 5.7 million viewers on Sunday, a 22% increase from the premiere's first night, HBO said this week. The first episode ended up being watched by nearly 18 million viewers in its first week, and the show has already been renewed for a second season.Not only is the show popular, it's also good — a rare occurrence for video-game adaptations. The series has a 97% critic score and a 96% audience score on Rotten Tomatoes."The Last of Us" precedes a coming wave of live-action TV show based on video games, and it would be easy to proclaim that the series could usher in a new era for game adaptations after a history of game-based movies — from the "Resident Evil" franchise to the "Assassin's Creed" movie — largely failing both critically and commercially. (The occasional success story, like "Sonic the Hedgehog," hasn't done much to change that narrative.)But just because "The Last of Us" creators, Craig Mazin and Neil Druckmann, managed to bring the game to TV in a satisfying way, doesn't mean other video-game shows will have the same fate.Small-screen game adaptations in the works include "Assassin's Creed" and "Horizon Zero Dawn" at Netflix, as well as "Fallout," "God of War," and, reportedly, "Mass Effect" at Amazon.Unlike those games, "The Last of Us" tells a fairly linear story from start to finish, with little room for exploration. It's a heavily character-driven game with two main characters, a man named Joel and a young girl named Ellie, who traverse across a post-apocalyptic US.It seems to have made for an easily transferable TV series, with the main plot points and locations of the game each getting their own episode (with some unique touches not seen in the game).For instance, the second episode focused on the characters making their way to the Massachusetts State House, while the third episode will see Joel and Ellie meet up with the smuggler Bill, which is its own "level" in the game. After that, Joel and Ellie travel to Pittsburgh in the game, which I assume would be the fourth episode's focus.The other aforementioned game-based shows in the works could prove more challenging to adapt. They feature role-playing options; vast open worlds to explore; and numerous side missions that deviate from the main storyline. That's not to say that they don't feature compelling narratives, and they could still be great TV shows. But creators will have to make a lot of tough decisions about what storylines to focus on and which characters to flesh out.The "Mass Effect" games, for example, give players options to customize their character's appearance and backstory, and allow players to make choices that could impact their character's personality and the game's storyline. The "Assassin's Creed" and "God of War" games feature a bevy of side missions that could convolute an adaptation."The Last of Us," on the other hand, has always been praised for, first and foremast, its story and character-centric narrative, with gameplay and customization an afterthought. That makes it easier to translate to the small screen than others.Read the original article on Business Insider.....»»

Category: personnelSource: nytJan 29th, 2023

Brittney Griner"s return could be the unlikely catalyst that forces the WNBA to relent on its most contentious policy

The WNBA requires teams to travel to games on commercial flights, but Brittney Griner's return and Breanna Stewart's outspoken stance could force the league to reconsider. WNBA superstars Brittney Griner (left) and Breanna Stewart.Michael Hickey/Getty Images; Stephen Gosling/NBAE via Getty Images WNBA free agency is underway, with teams receiving the green light to recruit stars as of this weekend. Top free agent Breanna Stewart has reportedly made charter flights a key issue for teams wooing her. Private flights are not covered by the league's CBA, but Brittney Griner's return may force policy changes. Charter flights — or, rather, the lack thereof — have been at the center of several recent conflicts between the WNBA and its players.Teams have long traveled from game to game on commercial flights, a reality that's resulted in countless nightmarish trips and endless hours crammed into coach for the world's best basketball players each season. But now, after several years at an impasse, the league may finally be making headway on the issue thanks to an unlikely catalyst: Brittney Griner."BG's return makes the conversation about charters more acute," Erin Kane, an Excel Sports Management agent who represents several WNBA All-Stars, told Insider. "It's always been a player health-and-safety issue. BG's situation brings it to another level."The truth is that this has been a literal pain point for a long time," she added.Griner.AP Photo/Rick ScuteriThe 6-foot-9 Phoenix Mercury superstar famously spent the better part of 2022 wrongfully detained in Russia after carrying vape pens containing cannabis oil into the country. She returned home in December after President Joe Biden agreed to a prisoner exchange to secure her release, and shortly thereafter, Griner confirmed her intention to return to the WNBA for the 2023 season.Facilitating Griner's comeback may involve contradicting the league's policy on charter flightsGriner's return to the league may not be as simple as lacing up her size-17 sneakers and stepping onto the hardwood: According to reporting from ESPN's Ramona Shelburne, Griner's heightened security concerns have many around the league speculating that she — and, potentially, her Mercury teammates — will need to fly private to and from games.Though she's technically a free agent, Griner has publicly expressed her desire to re-sign with Phoenix. Both sides need to wait until February to make her Mercury return official, but in the interim, Phoenix's top brass is taking all possible measures to ensure Griner won't have to put herself in harm's way to play."Her celebrity has certainly changed, and the reasons for it have changed, and we are all acutely aware of some of the things that have been said about her," Mercury President Vince Kozar told Insider. "We are acutely aware of the way that her return has been used to try and further polarize people... and we understand that people have done that through the lens of BG's identity, which is as a woman, it's as a Black woman, and it's as a gay Black woman.Griner faces a double team during the 2021 playoffs.AP Photo/Rick Scuteri"None of that is lost on us, and we understand that words oftentimes can be a precursor to violence," he continued. "We take all of that incredibly seriously. We understand and all of the people around her understand that it is our joint responsibility to ensure that we are approaching this from the perspective and with the due gravity that it requires."It's safe to say that as we consider all of those things, her safety as we travel is a top priority," Kozar added.But if the most secure course of action involves Griner flying private to games, the WNBA faces a considerable dilemma. While the league is committed to ensuring the star's safety as she reintegrates with have to relent on its strict travel policies.The 2020 WNBA Collective Bargaining Agreement requires that "all air travel provided by [teams]" include "premium economy (or similar enhanced coach fare)" seats for players, but does not account for accommodations beyond commercial flights. As such, the WNBA has forbidden individual franchises from chartering flights in the past for fear of disrupting parity in the league, and has even gone as far as punishing teams that do not comply.WNBA Commissioner Cathy Engelbert.AP Photo/Patrick SemanskyJust last year, the league slapped the New York Liberty with a historic $500,000 fine after billionaire franchise owner Joe Tsai flew his team private during the second half of the season. And as recently as last summer, WNBA Commissioner Cathy Engelbert said the estimated $20+ million price tag of charter flights could "jeopardize the financial health of the league.""Charter for the WNBA has been debated and essentially banned as a 'competitive advantage,' yet most other free agency considerations are not regulated by that measure," Wasserman Executive Vice President Lindsay Kagawa Colas, who represents Griner as well as countless other WNBA superstars, told Insider. "Even in the NBA, there is a wide range of travel quality between team-owned planes vs. charter program subscribers."So when you zoom out, it's logic that is hard to follow," she added.But Griner's situation, and the resulting concerns regarding fairness across the league, may provide the impetus the league needs to reconsider what Colas calls "a regressive approach to the WNBA as a business."Breanna Stewart is using her free agency frenzy to spotlight the WNBA's travel woesStewart is one of the league's most sought-after free agents.Stephen Brashear-USA TODAY SportsOne of the league's top free agents — whom Colas also represents — has taken the issue into her own hands. Breanna Stewart, the four-time All-WNBA first teamer widely considered one of the greatest talents the league has ever seen, is publicly factoring flights into her looming and closely watched free agency decision.In addition to her previous franchise — the Seattle Storm — the two-time WNBA champion and two-time finals MVP is reportedly considering the Liberty, Minnesota Lynx, and Washington Mystics as potential landing spots. Each of those teams is owned by a billionaire who can undoubtedly afford the lofty price tag required to hire a private jet for the season.The Liberty and Lynx governors have both even publicly come out in support of charter flights for the league — a stance surely not lost on Stewart. Several additional franchise owners around the WNBA have reached similar conclusions, though some have voiced their support louder than others.Stewart goes up to the basket during a 2022 matchup against the New York Liberty.Ned Dishman/NBAE via Getty Images"Most owners and players are in sync and want to be empowered to do what is right for them," Colas said, adding that "owners who are not willing to invest should not be holding back a league with owners, prospective owners, and players who are."But enabling each team to travel as it sees fit would require a vote from the WNBA's Board of Governors, and as recently as September 2021, such a measure did not receive majority support. Players were outraged by the revelation that owners turned down a plan Tsai proposed that would cover charter flights across the league for a full three years out of fear that the athletes would "get used to" the treatment.Only a year and a half later, there's reason to believe the tides are turning in the players' favorBetween the court of public opinion, Griner's increased security needs, Stewart's free agency sweepstakes, and players' overwhelming demands for change, team owners are facing more pressure than ever to back the charter flight cause.Team owner Joe Tsai high fives New York Liberty players.AP Photo/Mary AltafferAnd Stewart's even willing to back the campaign herself. The 2018 MVP took to Twitter to announce that she's prepared to help "subsidize charter travel for the entire WNBA" by offering her "NIL, posts + production hours.""Who's with me?" she added.—Breanna Stewart (@breannastewart) January 22, 2023Plenty of high-profile stars jumped to get on board. Several current WNBA players, including Nneka and Chiney Ogwumike, Elena Delle Donne, Napheesa Collier, Alysha Clark, Erica Wheeler, Kahleah Copper, and Natalie Achonwa, offered their support in the comments.NBA All-Star Ja Morant, UConn Huskies superstar Paige Bueckers, and retired WNBA great Sue Bird all chimed in with messages of encouragement, too.The exercise left little doubt that other players are ready to follow Stewart's lead, posing a significant threat to team owners; if you don't build it, they won't come.Stewart.Julio Aguilar/Getty ImagesRegardless of whether the WNBA reaches an agreement on charters in the immediate future, the league's stars — including Stewart, who is eligible to sign with a team starting February 1 — have every incentive to sign with franchises investing in the betterment of their individual teams and the league as a whole."Every player wants to play for an organization that treats them well; it's that simple," Kane said. "And let's be clear that most of what the players are asking for, including charter travel, are things that improve quality of play and the product the league is able to put on the court every night."These women are the best in the world," she added. "They should be treated that way. It needs to change."Read the original article on Business Insider.....»»

Category: personnelSource: nytJan 29th, 2023

Electronic Arts (EA) to Report Q3 Earnings: What"s in Store?

Electronic Arts' (EA) third-quarter fiscal 2023 results are expected to reflect slow demand for its digital and live services amid improving video game sales in the post pandemic era. Electronic Arts EA is set to report third-quarter fiscal 2023 results on Jan 31.For third-quarter fiscal 2023, EA expects GAAP revenues between $1.825 billion and $1.925 billion and earnings in the range of 43-59 cents per share.For the quarter, the Zacks Consensus Estimate for earnings has remained steady at $3.04 per share in the past 30 days. The figure indicates a 4.1% decline from the year-ago quarter’s reported figure.The consensus mark for revenues, pegged at $2.5 billion, suggests a 3.1% decrease from the year-ago quarter’s reported figure.The company’s earnings beat the Zacks Consensus Estimate once in the trailing four quarters and missed thrice, the average negative surprise being 3.76%.Let’s see how things have shaped up for this announcement.Electronic Arts Inc. Price and EPS Surprise Electronic Arts Inc. price-eps-surprise | Electronic Arts Inc. QuoteFactors to ConsiderSlow yet steady demand for EA’s digital and live services across its portfolio are expected to have reflected upon active user growth in the fiscal third quarter.In the to-be-reported quarter, Electronic Arts celebrated a record-breaking launch of EA SPORTS FIFA 23 with more than 10.3 million players within the first week, signaling the biggest launch period in EA SPORTS FIFA franchise history.Electronic Art released Need for Speed: Unbound, the street racing game and It Takes Two, winner of more than 90 awards including The Game Awards and DICE’s Game of the Year, on Nintendo Switch.However, decline in active users post coronavirus lockdown due to resumption of work from office and outdoor entertainment are expected to have dented net bookings growth year over year in the to-be-reported quarter. Net bookings decreased 5.2% year over year to $1.75 billion in the fiscal second quarter.The company expects net bookings to be between $2.425 and $2.525 billion in the fiscal third quarter of 2023. The Zacks Consensus Estimate for bookings is currently pegged at $2.49 billion, indicating a decline of 3.1% year over year.EA's strength in Live Services in mobile game franchises, such as Battlefield 2042, It Takes Two, Madden Mobile, FIFA Mobile, Tetris, Star Wars: Galaxy of Heroes, The Lord of the Rings: The Return of the King are expected to have positively impacted the top line.However, EA has been witnessing increased operating expenses for game development and marketing. The rising expenses are expected to have kept margins under pressure in the to-be-reported quarter.The recent improvement in video game spending in the quarter is expected to have been reflecting in EA’s top-line growth. Per VentureBeat, which cited NPD data, consumer spending on video games remained unchanged in October, while increasing 3% and 2% year over year in November and December, respectively.What Our Model SaysPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.EA has an Earnings ESP of 0.00% and carries a Zacks Rank #4 (Sell) currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Stocks to ConsiderHere are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.MSCI MSCI has an Earnings ESP of +0.43% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.MSCI is scheduled to release its fourth-quarter 2022 results on Jan 31. The Zacks Consensus Estimate for MSCI’s earnings is pegged at $2.71 per share, suggesting an increase of 7.97% from the prior-year quarter’s reported figure.Endava DAVA has an Earnings ESP of +1.97% and a Zacks Rank #3 at present.Endava is set to report second-quarter fiscal 2023 results on Feb 15. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.94% from the prior-year period’s reported figure.Analog Devices ADI has an Earnings ESP of +2.99% and a Zacks Rank #3 at present.Analog Devices is scheduled to release its first-quarter fiscal 2023 results on Feb 15. The Zacks Consensus Estimate for ADI’s earnings is pegged at $2.59 per share, suggesting an increase of 33.5% from the prior-year quarter’s reported figure.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Analog Devices, Inc. (ADI): Free Stock Analysis Report MSCI Inc (MSCI): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 27th, 2023

Black And White Gold + BRICS And Mortars = Inflation

Black And White Gold + BRICS And Mortars = Inflation By Michael Every of Rabobank Black gold, white gold = inflation Trigger warning: today’s Daily again references big picture issues and literal triggers, rather than the up-and-down xbp or y% of assets a, b, or c. Except in one regard: markets were juiced yesterday by a major US energy firm announcing it would start share buy-backs on a huge scale. That is despite the backdrop of rising refinery crack spreads and worries about the future upwards trajectory of energy prices. Regardless, financialisation again takes priority over productive investment and production - although the US firm involved points to the regulatory backdrop steering towards a green transition as part of reason for its choice. On which, the Guardian(!) yesterday “Revealed:” --though it’s no revelation to some-- “How US transition to electric cars threatens environmental havoc.” In short, the required lithium is three times current global production, with appalling environmental side-effects and destruction of water tables; and that’s just for the US, not the growing global market. The Guardian argues the only sustainable solution is to build more walkable US cities with public transport and bicycle options. Which rules out the American Way; and that of Canada and Mexico; Latin America; obviously the Middle East; most of Asia; Australia; even fluffy New Zealand; and Africa too, as it develops. Indeed, we would need an unfeasibly expensive economic geography-economic model redesign to make everywhere work like Amsterdam, nice as that would be. Logically, therefore production of either black gold, oil, and/or white gold, lithium, is going to be needed on a vast, and environmentally damaging scale ahead. Yet the market is celebrating a return to financialization and share buybacks that produces nothing but inequality and, for the real economy, volatility. BRICS and mortars = inflation That backdrop also has enormous geopolitical and geoeconomic implications. Given where many key commodities reside, we recently saw the proposed launch of a pan-LatAm currency, the ‘Sur’, to be used for international trade settlement to replace the US dollar. Russia’s Foreign Minister Lavrov is suggesting 2023 might also see the launch of a new BRICS currency tied to gold at the summit to be held in South Africa at a later date. Some think that if new bricks in an anti-US wall mean the US dollar is doomed; and gold is picking up of late, with China stepping up its purchases (even if total holdings are still miniscule compared to dollars), which some think makes that case. However, this new paradigm doesn’t recall how gold worked when it was around – and I mean the true gold standard prevailing before WW1, not the ‘let’s pretend we are on  gold’ that was evident after WW1 and after WW2, both of which broke down. In the ‘gold old days’, it was used for international trade settlement, and local paper money could be redeemed for it. Banks still made fiat loans. Governments often still spent far more than they taxed. If the economy overheated, imports flooded in, and gold flooded out. Devaluation of the paper currency vs. gold followed, so imports got more expensive and exports cheaper. The same thing happened if other countries raised the deposit rates they paid on gold above those elsewhere. To prevent painful devaluations, gold deposit rates needed to rise to entice foreign gold back into the country, and/or public spending had to be slashed, or taxes raised, to cool things down. Overlooking the fact that inflation therefore swung wildly from high rates to deep deflation, because gold was the target, not stable prices, this arrangement was no different from the neoliberalism of the IMF and Wall Street. Brave, anti-imperialist, anti-Western BRICS governments thinking a new, more humanistic path can be paved with gold --with public transport, bicycle lanes, and walkable cities-- are deluding themselves. It’s a policy straitjacket. Globally, it is also a black or white zero-sum game that will see the US weaponize itself, and the dollar, further. The concept is the BRICS keep their local currencies but switch to a gold-backed currency for trade settlements: freedom! Except you can’t run trade deficits on gold without having an ‘IMF’ policy response forced on you. So, logically: The BRICS would have to force the West they export to move onto gold too, and watch them suffer devaluation, deprivation, and desperation for once – how bullish for markets!; or The BRICS would accept dollars as settlement, then sell them in the market for the new gold-backed currency – to whom? No BRICS would want dollars, and the West would not use gold; or The BRICS would have to decouple from trading with the West and sell all their output to each other… while balancing intra-bloc trade to avoid anyone becoming a Germany to anyone else's Greece. That’s despite them being commodity exporters, with the exception of China. Furthermore, this is all going to happen while the West watches impotently on, not seeing an existential threat emerging, even to the wolves of Wall Street. The bloodthirsty world-dominating US imperialists some intellectual BRICS fans decry are also structurally incapable of doing anything at all to snuff out evident threats to their franchise from the disenfranchised. True, the latest heralding of energy-sector share buybacks and the usual inanities at Davos suggest that could be the case. Yet, as always, I urge you to look elsewhere, and at the military. Western Leopard 2 tanks will now trundle towards Ukraine, although in uncertain, but certainly low numbers. More importantly, the New York Times tweets: “To keep Ukraine's howitzers firing, the Pentagon will increase its production of 155-mm shells six-fold, to 90,000 rounds per month - raising ammunition production in the US to the highest levels since the Korean War.” Moreover, the Washington Post has an editorial about the $858bn Pentagon budget, and how it adopts wartime purchasing practices. In particular, a provision allows the US military to sign “emergency” multiyear, non-competitive agreements to produce munitions, missiles, rockets, and mortars, aimed at cost-saving via bulk buying, two things the Pentagon has failed badly at for years. The Post also notes the budget proposal does far more than that: “It lays the foundation for a vastly revitalised defence industrial base – and does so with one eye on the People’s Republic of China.” 25 new mass-assembly lines will soon roll out weapons quantities “far in excess of what is required to replenish Ukraine.” 700 HIMARS systems are ordered vs. the 20 sent to aid Kyiv, and 3,600 of two kinds of anti-ship missile, more appropriate for the South China than the Black Sea. Concurrently, there is also a lobbying effort underway for the US to start to rebuild its merchant marine, as well as reversing planned cuts to the US Navy.      Strategically, Vegetius would argue this is the right thing for the US to do, and the Pentagon specifically echoes him in stating, “Production is deterrence.” More US production of mortars is also a response to the BRICS, and sits alongside the CHIPS Act and Inflation Reduction Act that together bring tech production back home. However, this boost in production is also inflationary before it eventually moderates via a domestic supply-side response. I repeat that until now the Ukraine war, and the wider new Cold War, have been fought with INVENTORY run-downs; now they will have to shift to PRODUCTION, reordering economies in the process. This surge in Pentagon demand against supply constraints in the US defence-industrial sector is going to have a similar effect to that of Covid stimulus (which a recent Fed paper suggests added 2.6 percentage points to headline CPI). That suggests a risk that the Fed might have to do more on rates than some think it will after its upcoming pause (which the market just got excited about hearing the BOC use too). Indeed, as just shown, an interest rate response was a past method of draining gold from rival countries, and it’s true for the Fed today too; and if means less financialisation and more production, all the better. (Which may be why Wall Street really won’t talk about this.) Plus, the Fed has swap lines it can use, or not, within the hegemonic Eurodollar system. Also, even if the Fed ignores the Pentagon --highly unlikely-- and opts for more financialization, the drop in production --and geopolitical drop in the dollar-- would also prove inflationary. Again, that would shock some in markets. Okay, that’s enough references to big picture issues and literal triggers: please go focus on the up-and-down xbp or y% of assets a, b, or c. Tyler Durden Thu, 01/26/2023 - 13:30.....»»

Category: worldSource: nytJan 26th, 2023

Steph Curry says he"d accept "a nice role" in "Black Panther 3" if director Ryan Coogler offered it

At the Sundance premiere of "Stephen Curry: Underrated," the Golden State Warriors star joked with the crowd about joining the Marvel franchise. Stephen Curry attends the Sundance Film Festival premiere of "Stephen Curry: Underrated."Sundance Institute "Stephen Curry: Underrated," a documentary about the NBA legend, premiered at Sundance on Monday. During a Q&A, Curry joked about joining the cast of "Black Panther 3." Franchise director Ryan Coogler was a producer on "Underrated." Stephen Curry wouldn't turn down a role in "Black Panther 3" if Ryan Coogler, the Marvel franchise's director, offered it. That's what the NBA legend told a raucous Sundance Film Festival crowd at the premiere of "Stephen Curry: Underrated," a documentary exploring his extraordinary career.Coogler, a producer on the film, joined Curry, director Peter Nicks, and others involved in the project for an audience Q&A following the screening on Monday in Park City, Utah."Tell him to see if we can shoot it in the summer and see if he can find a nice role for me in that universe," Curry said in response to an audience member's half-joking question about "Black Panther," whose third chapter is expected but has not been announced."Absolutely, you put the pressure on and we'll see what he says," Curry added of Coogler."Underrated" chronicles Curry's rise from high school phenom in Charlotte, North Carolina, to Division I recruit at Davidson College to NBA superstardom. The film culminates in the Golden State Warriors' 2022 NBA championship win — the team's fourth since Curry was drafted as a point guard in 2009.The documentary's narrative centers on Curry's years at Davidson under Coach Bob McKillop, who led his team to the NCAA Sweet 16 in 2008 — they made it to the Elite 8 before falling to the University of Kansas. Several of Curry's Davidson teammates are interviewed in the documentary, and some were at the premiere.The film opens with Reggie Miller, another NBA legend, reading aloud from a tepid 2009 draft report on Curry, which criticized his rushed shooting and "skinny" frame. Curry knew early on — from age 9, he says on screen — that his size put him at a disadvantage. "But I knew I could shoot."Curry was desperate to attend Virginia Tech, his parents' alma mater (father Dell Curry also played in the NBA), but Davidson's McKillop was the coach who took a chance on the slight player and gave him the confidence to develop into a two-time NBA MVP. McKillop is the documentary's key supporting star and appeared on stage during the Q&A."St. Francis of Assisi — and I'll paraphrase — said 'Preach without using words,'" McKillop told the crowd of Curry. "That's what he does, he preaches without using words.""What happens on the basketball court is exactly what happens in life — the wins, the losses, the joys, the sorrows, the tears, the laughter, the love, the teamwork," McKillop continued. "Stephen represents the best of all those qualities."Curry answered questions about his athletic journey and also his faith, which was not featured prominently in the film but which he called "a huge part" of his career and life. Filmmakers included footage of Curry's missteps — including his first college game, where he made 13 turnovers — as well as his triumphs, which include finally completing his Davidson degree in 2022 (he dropped out for the NBA draft before graduating). "We all start from somewhere and we learn things along the way," Curry told the audience. "It's amazing that my story can inspire people to keep on keeping on, to surround themselves with amazing people, to push through the doubts, to push through the criticism, push through the times when people kind of count you out. To see it up there on the screen, it gave me even more juice and motivation. Nothing is by accident, it's all designed by God."The film ends with the Warriors' 2022 championship win — intercut with moments from Davidson's 2008 season. "I can always get better," Curry told the Sundance crowd. "I might be sometimes stubborn and naive to think that but even as I stand here now I feel like I can still reach another level. I can still keep refining the craft, I can still become better off the court in all the different roles that fulfill my life.""Underrated," which was acquired by Apple TV+ in October, was produced by Proximity Media (a production company Nicks and Coogler launched together), Curry's company Unanimous, and A24. Its streaming premiere date on Apple TV+ has not been announced.The Curry doc comes as Apple pushes further into sports, spending $335 million a year on Major League Baseball and Major League Soccer rights for Apple TV+ and hiring for a range of roles to support that programming. Insider reported that the tech giant is in search of a top ad exec to lead sales for streaming and sports as the company's content ambitions grow."Underrated" also represents the latest entry in Hollywood's sports documentary boom as Netflix, Amazon, Disney, and more studios and streamers lean into the genre and athletes build content careers alongside their athletic journeys.Read the original article on Business Insider.....»»

Category: dealsSource: nytJan 24th, 2023

Stephen Curry says he"d accept "a nice role" in "Black Panther 3" if director Ryan Coogler offered it

At the Sundance premiere of "Stephen Curry: Underrated," the Golden State Warriors star joked with the crowd about joining the Marvel franchise. Stephen Curry attends the Sundance Film Festival premiere of "Stephen Curry: Underrated."Sundance Institute "Stephen Curry: Underrated," a documentary about the NBA legend, premiered at Sundance on Monday. During a Q&A, Curry joked about joining the cast of "Black Panther 3." Franchise director Ryan Coogler was a producer on "Underrated." Stephen Curry wouldn't turn down a role in "Black Panther 3" if Ryan Coogler, the Marvel franchise's director, offered it. That's what the NBA legend told a raucous Sundance Film Festival crowd at the premiere of "Stephen Curry: Underrated," a documentary exploring his extraordinary career.Coogler, a producer on the film, joined Curry, director Peter Nicks, and others involved in the project for an audience Q&A following the screening on Monday in Park City, Utah."Tell him to see if we can shoot it in the summer and see if he can find a nice role for me in that universe," Curry said in response to an audience member's half-joking question about "Black Panther," whose third chapter is expected but has not been announced."Absolutely, you put the pressure on and we'll see what he says," Curry added of Coogler."Underrated" chronicles Curry's rise from high school phenom in Charlotte, North Carolina, to Division I recruit at Davidson College to NBA superstardom. The film culminates in the Golden State Warriors' 2022 NBA championship win — the team's fourth since Curry was drafted as a point guard in 2009.The documentary's narrative centers on Curry's years at Davidson under Coach Bob McKillop, who led his team to the NCAA Sweet 16 in 2008 — they made it to the Elite 8 before falling to the University of Kansas. Several of Curry's Davidson teammates are interviewed in the documentary, and some were at the premiere.The film opens with Reggie Miller, another NBA legend, reading aloud from a tepid 2009 draft report on Curry, which criticized his rushed shooting and "skinny" frame. Curry knew early on — from age 9, he says on screen — that his size put him at a disadvantage. "But I knew I could shoot."Curry was desperate to attend Virginia Tech, his parents' alma mater (father Dell Curry also played in the NBA), but Davidson's McKillop was the coach who took a chance on the slight player and gave him the confidence to develop into a two-time NBA MVP. McKillop is the documentary's key supporting star and appeared on stage during the Q&A."St. Francis of Assisi — and I'll paraphrase — said 'Preach without using words,'" McKillop told the crowd of Curry. "That's what he does, he preaches without using words.""What happens on the basketball court is exactly what happens in life — the wins, the losses, the joys, the sorrows, the tears, the laughter, the love, the teamwork," McKillop continued. "Stephen represents the best of all those qualities."Curry answered questions about his athletic journey and also his faith, which was not featured prominently in the film but which he called "a huge part" of his career and life. Filmmakers included footage of Curry's missteps — including his first college game, where he made 13 turnovers — as well as his triumphs, which include finally completing his Davidson degree in 2022 (he dropped out for the NBA draft before graduating). "We all start from somewhere and we learn things along the way," Curry told the audience. "It's amazing that my story can inspire people to keep on keeping on, to surround themselves with amazing people, to push through the doubts, to push through the criticism, push through the times when people kind of count you out. To see it up there on the screen, it gave me even more juice and motivation. Nothing is by accident, it's all designed by God."The film ends with the Warriors' 2022 championship win — intercut with moments from Davidson's 2008 season. "I can always get better," Curry told the Sundance crowd. "I might be sometimes stubborn and naive to think that but even as I stand here now I feel like I can still reach another level. I can still keep refining the craft, I can still become better off the court in all the different roles that fulfill my life.""Underrated," which was acquired by Apple TV+ in October, was produced by Proximity Media (a production company Nicks and Coogler launched together), Curry's company Unanimous, and A24. Its streaming premiere date on Apple TV+ has not been announced.The Curry doc comes as Apple pushes further into sports, spending $335 million a year on Major League Baseball and Major League Soccer rights for Apple TV+ and hiring for a range of roles to support that programming. Insider reported that the tech giant is in search of a top ad exec to lead sales for streaming and sports as the company's content ambitions grow."Underrated" also represents the latest entry in Hollywood's sports documentary boom as Netflix, Amazon, Disney, and more studios and streamers lean into the genre and athletes build content careers alongside their athletic journeys.Read the original article on Business Insider.....»»

Category: smallbizSource: nytJan 24th, 2023

Super Nintendo World opens in Los Angeles next month with a Mario Kart-themed ride, gigantic Bowser statue, and Princess Peach cupcakes — take a look inside

The theme park is part of Universal Studios Hollywood and the first of its kind outside Japan. It opens ahead of the forthcoming Mario Bros film. A guest takes a photo with Mario during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023. -Chris Delmas/AFP via Getty Images Super Nintendo World opens its doors to the public on February 17.  The theme park, which is based in LA as part of Universal Studios, is the first of its kind outside of Japan.  It includes Nintendo-themed rides, eateries, and interactive games. Take a look inside.  Super Nintendo World is opening its much-anticipated first theme park outside of Japan next month in Los Angeles.Universal Studios Hollywood promotes their upcoming Super Nintendo World theme park addition on the Universal CityWalk on September 26, 2022 in Universal City, California. (AaronP/Bauer-Griffin/GC Images via Getty ImagesThe park is operated by Universal Studios Hollywood and officially opens its doors to the public Feb. 17 — just ahead of the forthcoming Super Mario Bros. animated film in April.Universal Studios Hollywood promotes their upcoming Super Nintendo World theme park addition on the Universal CityWalk on September 26, 2022 in Universal City, California.AaronP/Bauer-Griffin/GC Images via Getty ImagesOne- and two-day general admission passes to the park start at $109 and $149, respectively. There are also VIP Experience passes available for $369.Guests walk towards the entrance during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13.Chris Delmas/AFP via Getty ImagesSource: Universal Studios HollywoodThe US version features many of the same elements of the original Super Nintendo World in Osaka, Japan.In this picture taken in 2021, fans of Universal Studio Japan pose at the entrance of the Super Nintendo World, during a media preview at the theme park in Osaka.Philip Fong/AFP via Getty ImagesGuests were invited to a preview of the park on January 13, where they wandered around what looks like a Super Mario Bros. game come to life.Guests explore during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty ImagesThe park is filled with mascots of fan-favorite Nintendo characters, like Mario and Luigi ...Mario and Luigi are escorted through the crowd on their way to a break during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty Imagesand Princess Peach.Guests take pictures with Princess Peach during a preview of Super Nintendo World at Universal Studios in Los Angeles, on January 13.Chris Delmas/AFP via Getty ImagesIt also features rides like "Mario Kart: Bowser's Challenge" where guests can "battle Team Bowser on iconic Mario Kart courses alongside Mario, Luigi, and Princess Peach."Guests ride Super Mario Kart during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023. -Chris Delmas/AFP via Getty ImagesSource: Universal Studios HollywoodThe attraction requires special Mario Bros.-themed goggles that allow riders to collect digital coins and throw shells, just like in Mario Kart video games.2023.Chris Delmas/AFP via Getty ImagesThe augmented reality ride includes mini sets like this featuring iconic imagery from the Super Mario Bros. games.Mini sets are seen inside the access area for the Mario Kart Bowser's Challenge ride during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty ImagesThere's even a giant statue of the infamous antagonist Bowser in all his glory.A statue of Bowser is seen at the entrance of the Mario Kart Bowser's Challenge ride during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty ImagesBowser makes a few appearances throughout the park.A first look at the first-ever theme park land themed to a video game franchise at Universal Studios Hollywood's Super Nintendo World on Monday, Dec. 19, 2022 in Los Angeles, CA.Dania Maxwell/Los Angeles Times via Getty ImagesSuper Nintendo World visitors can complete challenges, participate in interactive games, and collect digital coins using power-up bands, available for purchase around the park.A staff member stands by a poster of power-up bands during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty ImagesSource: Universal Studios HollywoodVisitors also can play virtual games, such as this one.Guests play a virtual game during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty ImagesThe park also has a gift shop called the 1-Up Factory where visitors can pick up souvenirs depicting their favorite characters ...Guests shop during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty Images... like these Toad stuffed animals ...A guest looks at a Toad toy on display in a store during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty Images... or this headband.A guest wears a Nintendo headband during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty ImagesIf you're hungry, you can stop by the Toadstool Cafe.Greeters await people for lunch at the Toadstool Cafe at Super Nintendo World on Thursday, Jan. 12, 2023 in Los Angeles, CA.Dania Maxwell/Los Angeles Times via Getty ImagesThe restaurant includes options like the Piranha Plant Caprese, a Mario Burger, and Princess Peach Cupcakes.Guests eat lunch at the Toadstool Cafe during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty ImagesSource: Universal Studios HollywoodWhile wandering around the park, fans of the Nintendo game franchises will see familiar sights like Princess Peach's castle ...Guests walk by Princess Peachs castle during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty Images... Piranhas emerging from plumbing tubes and Goombas stomping the grounds ...A Goomba and a piranha plant patrol the walls during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023.Chris Delmas/AFP via Getty Images... classic power-up boxes ...A first look at the first-ever theme park land themed to a video game franchise at Universal Studios Hollywood's Super Nintendo World on Monday, Dec. 19, 2022 in Los Angeles, CA.Dania Maxwell/Los Angeles Times via Getty Images... and even more beloved friends and foes.A first look at the first-ever theme park land themed to a video game franchise at Universal Studios Hollywood's Super Nintendo World on Monday, Dec. 19, 2022 in Los Angeles, CA.Dania Maxwell/Los Angeles Times via Getty Images"Visiting the theme park is like being in the video game," Jon Corfino, vice president of Universal Creative, told Euronews.A guest takes a photo with Mario during a preview of Super Nintendo World at Universal Studios in Los Angeles, California, on January 13, 2023. -Chris Delmas/AFP via Getty ImagesSource: EuronewsRead the original article on Business Insider.....»»

Category: smallbizSource: nytJan 22nd, 2023

I"m the CEO of P.F. Chang"s. My day starts with a 5 a.m. workout and ends with a cigar on the patio — here"s what my routine is like.

Damola Adamolekun drives 20 minutes to the Scottsdale office from home and often visits teams at various restaurant locations to taste-test menus. Damola Adamolekun.Courtesy of Damola Adamolekun Damola Adamolekun is the CEO of restaurant chain P.F. Chang's and lives in Scottsdale, Arizona. He starts the day with an early-morning workout and commutes 20 minutes to his office. He often visits restaurants to meet the team and get feedback. This as-told-to essay is based on a conversation with Damola Adamolekun, the CEO of the restaurant chain P.F. Chang's, who's based in Scottsdale, Arizona. It has been edited for length and clarity.I start my mornings with a 5 a.m. workout, typically a run through my neighborhood in north Scottsdale, Arizona.Me on my morning run.Damola AdamolekunI've been intermittent fasting since 2020, so I don't eat breakfast. But I will enjoy a cup of coffee with grass-fed butter, heavy cream, and MCT oil.Breakfast on a typical morning (when I'm fasting).Damola AdamolekunAt around 6 a.m., I'll review daily financial and operational reports from my home office before heading to our global support center in Scottsdale.My home office.Damola AdamolekunMy commute is typically about 20 minutes long. I like to arrive at the office by 7:30 a.m. My daily commute here is a distinct change from when I lived and worked in New York two years ago.View from my morning commute.Damola AdamolekunI take a few calls on the road to maximize my time. When I get the chance, I listen to music. Today, it was the new Drake album, "Honestly, Nevermind."My neighborhood in north Scottsdale.Damola AdamolekunOur office has plenty of solitary space mixed with communal areas. I especially enjoy the windows — the natural lighting brings me tremendous energy. There are nice touches that really ground me in our brand, including replicas of the warriors and horses that decorate our restaurants.My office.Damola AdamolekunOne of my favorite decorations is the red-and-white Lucky Cat on a shelf above my desk. It's a sign of good luck in Japanese culture.Everything on my desk has a special meaning.Damola AdamolekunMy personal office is set up to align with my open-door policy. There's space for small-group huddles and, of course, my desk area for dedicated work.Me at my desk.Damola AdamolekunI regularly visit our restaurants for meetings with our chefs and field teams. I want to find out what they're seeing on the ground. By being there, I'm able to send a very strong message that the executive leadership team cares about what they're doing and is highly invested in making their jobs easier and better.Meeting with employees at a P.F. Chang's location.Damola AdamolekinFor example, when we test our limited-time holiday-menu offerings in select markets, we receive feedback directly from guests and team members, helping us optimize before the national launch, so we can provide the best possible experience.At a tasting for our executive team.Courtesy of Damola Adamolekun  I work with my executive assistant to make sure my calendar is always up to date so I can easily do a quick check to see what the day holds. I use a simple Word document to track my priorities. I also always have a notebook on me to take handwritten notes in meetings.Me at my desk taking calls.Damola AdamolekunI'm focused on providing clear quarterly action plans and ensuring day-to-day alignment from department leads and restaurant teams on projects like restaurant remodels, driving our digital off-premises business, preparing for more restaurant openings, and supporting our global franchise partners.Me at one of our more than 300 locations.Damola AdamolekunMy workday often extends to the evening, where I may have dinner planned with partners, directors, or executive team members. Otherwise, I enjoy going to Suns games, where I've become a season-ticket-holding superfan, and the Phoenix Symphony, where I've joined the board.Enjoying a Suns game.Damola AdamolekunIf I'm relaxing at home, I love to unwind with a novel or enjoy one of my favorite cigars along with the incredible Scottsdale views on my patio.My evening cigar.Damola AdamolekinThis story was originally published on Insider July 12, 2022.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 13th, 2023

Transcript: John Mack

     The transcript from this week’s, MiB: John Mack, Morgan Stanley CEO, is below. You can stream and download our full conversation, including any podcast extras, on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters… Read More The post Transcript: John Mack appeared first on The Big Picture.      The transcript from this week’s, MiB: John Mack, Morgan Stanley CEO, is below. You can stream and download our full conversation, including any podcast extras, on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, boy, do I have an extra special guest, John Mack, legendary CEO of Morgan Stanley. Man, this is just a masterclass on leadership, on team building, on understanding a business and understanding what to do for your clients. So not only that they give you business, but they give you their loyalty and their ongoing respect. I don’t know what else to say other than my conversation with Morgan Stanley’s John Mack. I’ve been looking forward to this conversation for quite a while. As soon as I saw the book came out, I have to really get the inside dope from John. And so let’s start with the beginning. You start at Smith Barney in 1968. What was so compelling about a North Carolina kid from Duke going to Wall Street? JOHN MACK, FORMER CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD, MORGAN STANLEY: Well, it’s pretty simple. So I was on scholarship at Duke, an athletic scholarship and cracked C5 in my neck. So my scholarship was only valid for four years, and I needed one class to graduate. I had very little money, and my father had passed away when I was in college. So I needed a job. And I went down and knocked on the door at a company called First Securities of North Carolina. A guy named Bill Bonner said, look, you know, nothing about the business, I’ll put you in the back office. And you can go to your one class every day ahead, and then go on your lunch hour and come back and go to work. So it was me and nine women in the back office, and they had the old IBM computer punch cards. That’s how long ago it was. So I got a sense and a feel for the business. And I got to know a lady named Fannie Mitchell, who ran job placement for Duke University. So when people would come down and say, you know, Procter & Gamble or IBM, whoever it may be, she would say, you got to talk to this John Mack. And I think, you know, I would see her in the cafeteria and most students would ignore. I’d sit down, have a cup of coffee with her or have lunch with her. So that’s how I got involved with the securities business. And then the Smith Barney was in town and they were going to open an office in Atlanta, and they ended up hiring me to go to their Atlanta office. So I come up to New York in ’68 and I’m working at Smith Barney, and they decided because of the explosion of volume, the New York Stock Exchange stopped all new branches from opening. So I got a chance to go in the municipal bond department. That’s what I did. I was a trader-salesman, and I learned a lot about risk. And I also learned a lot about drinking at lunch, and you got to be very careful. RITHOLTZ: Going out with clients, having a couple of drinks. Hey, you come back to the desk, a little buzzed, what happens? Can you make a trading mistake that way? MACK: Well, not only you can, I did. We went down to Chez Yvonne, if you remember that years ago, down on Wall Street. U.S. Trust was my client, a guy named Jimmy Degnan. And U.S Trust was the advisor for the state employees of New York, which is a huge pension fund. RITHOLTZ: Giant. MACK: So we sat there and we drank for at least three hours. RITHOLTZ: Now, wait, are you normally a drinker during lunch, or if the client is drinking, you got to keep up? MACK: I’m a client guy. No one wants to drink alone. So if he’s drinking or she’s drinking, I’m drinking. I came back and I made a mistake. And thank God, they didn’t fire me. And over time, we eradicated that and fixed it. And then I learned be very careful when you go out to lunch on Wall Street. RITHOLTZ: So tell us a little bit about the culture on the street in the late ‘60s and early ‘70s. What was it like? MACK: It was a crazy time. The thing of politically correct didn’t exist. RITHOLTZ: To say the very least. MACK: All right. So I’m 21, 22 years old. I’m at Smith Barney. I’m a municipal trader. Then I go into the corporate bond market. And I hear about these crazy parties that Wall Street was throwing and I only went to one and left. I mean, it was basically strippers and people getting drunk. And you know, I came from a town of about 12,000 people in North Carolina, a Baptist religion, mainly. It was a new world for me, but it taught me a lot. You got to pay attention and you got to make sure that you don’t get drunk at lunch and you got to make sure you tell the truth. RITHOLTZ: Telling the truth is certainly a key part, and that’s a theme that comes up again and again in your book. We’ll get to that in a little bit. You mentioned the New York Stock Exchange didn’t allow any new branches to be open. I have a vague recollection of Wall Street being closed on Wednesdays to catch up on the paperwork. Tell us a little bit about that. MACK: That’s correct. They closed on Wednesday to catch up on the paperwork, and all the firms, whether it was, first of all, Morgan Stanley, Goldman Sachs, and Morgan Stanley at that time didn’t have a big secondary business, we had to clear up the back office. So you’d shut at noon and try to figure out the securities go to Y and these securities go to Z. RITHOLTZ: Literally paper certificates, runners up and down the street — MACK: Absolutely. Absolutely. RITHOLTZ: — and delivering. MACK: Absolutely. RITHOLTZ: Talk about, you know, ancient technology. One of the things you mentioned was that by the 1980s, there were two key forces driving changes on Wall Street; deregulation and technology. MACK: Right. Correct. RITHOLTZ: Tell us about that. MACK: Well, the markets were changing, they were global. And as they became global, and you were competing around the world, it was clear that you needed to free up our securities business to be more active on a global basis. So we got rid of a lot of regulation. We got more oversight, but not regulatory control. I mean, clearly reported to the SEC, York Stock Exchange, et cetera. But it wasn’t smothering. I mean, you know, we were not used to it. But it was the right thing for the New York Stock Exchange to do. There had to be more regulation. And you know, as I said earlier, it’s a global market, and you want to make sure that we represent in New York Stock Exchange and really America the proper way, and it worked. And the U.K. was much stricter than we were; and in Germany, they restricted than we were. And clearly, the Japanese were stricter than we were. And over time, all these different regulatory areas from around the world, came up with a conclusion that we need kind of an overall management system for risk and regulatory oversight. So if you took a big risk in China, in Japan or in Europe, you needed to roll that up, so the U.S. regulator or the U.K. regulator could see what your overall risk was. I think that was a huge and a very important move. RITHOLTZ: You spent the first part of your career primarily in fixed income. First, you mentioned municipals — MACK: Right. RITHOLTZ: — then corporate. What was the appeal of the bond side of the business? MACK: Well, originally, when I joined Smith Barney, I was going to go to Atlanta in the retail office and cover Florida and other southern states. And then I got to know a guy named George Wilder who had been in the municipal bond business, and a guy named John McDougall who was a municipal bond trader. And they convinced me, you know, I want you to stay in New York, you’re a great salesman, and you can sell and trade munis with us. And I like New York and I like the business, and I like the investment world of large pension funds, money managers and things like that. So we did a combination of things, we covered clients, and then we satisfied the desire of retail salesmen who wanted to buy munis in New York state or in California or Florida. So that’s how I got into the bond business. RITHOLTZ: What was it like trying to build a team on a bond desk that described in the book, could get a little frenetic? MACK: Yeah, it was. But you know, we built it over a long period of time, and we all grew up over that period of time. And you’ve learned that, number one, you had to be upfront. You had to focus on your clients. You couldn’t get drunk at lunch, which occasionally, we all got drunk at lunch and sometimes made a mistake. And you learn to focus on your client and you know, it became a very personal business. And you got to know who they were, you got to know their families. And I remember when I was at Smith Barney and then at F.S. Smithers, I was given the worst accounts because I went from trading to sale, so we’ll dump all these accounts on John Mack. RITHOLTZ: Give it to the kid. MACK: You got it. And there was a gentleman named Dick Vanskoy at the Mellon Bank, who managed and advised the state employees of Pennsylvania teachers and retirement funds. Huge — RITHOLTZ: That’s a big account in Pennsylvania. MACK: It was huge. RITHOLTZ: Yeah. MACK: But he was tough as nails. And you learned very quickly, that you better be on your toes when you deal with Dick. And I got to know him, he was a great mentor, taught me a lot about the business. And I spent a lot of time in Pittsburgh, even to the point that my wife and I would go out. I mean, I remember going out to Pittsburgh with these huge funds, it was probably the largest account in the country, at Mellon Bank at that time. RITHOLTZ: Really? MACK: And a guy named Jackie Kugler at Salomon Brothers, and Salomon was the dominant player in the bond market. They were the number one broker-banker for the pension funds for the state of Pennsylvania, both the teachers and the employees. And I just kept digging away, working hard at it. And over time, I became the number one dealer they dealt with. And George Polachek (ph), who came over from Ukraine after the Russians back then took over in World War II, was running it. He had been at Sun Life in Canada. And I got along with him well, and I did a lot of business with the Mellon bank, to the point I became their number one broker-dealer. And Polachek (ph) who loved martinis, walked onto the Salomon floor and screamed out to Kugler, how does it feel to be number two? That’s the environment we’re in. And I’ll tell you, I mean, I think business is personal. And we got to know the people at Mellon bank, whether it was, you know, Sally Yeh’s daughter who was in med school, or George Polachek (ph) who was going back over to Europe for a while. We really worked at getting to know people and building trust. And at the end of the day, it’s all about trust and it’s all about delivering what you say you’re going to do. And with the help of a lot of people, that’s what we did. And of course, my partner in all this was Christy Mack. And as I said earlier, my clients say, look, John, we really don’t care about you. It’s on Christy, yeah. RITHOLTZ: Your wife? MACK: Yeah. No. She was awesome, and is awesome. RITHOLTZ: So you eventually become head of the Fixed Income Department. MACK: Right. RITHOLTZ: And what was it like to go from sales and trading to managing a whole team of salespeople and traders? MACK: Well, it was very different and I learned very quickly, thank God for Dick Fisher, that you have to be more balanced and not as, I don’t know what the word is, aggressive, ruthless, uncouth, all of those words. We used to sit in clusters of four salespeople together, and we probably had five clusters. And one of my rules were that the desk can never be empty, you always need one person there. Because, you know, if no one is there and the phone rings, no one is picking it up. RITHOLTZ: Right. MACK: Occasionally, you know, no one was there. And I’d walk in and be really pissed off about it, and reach over and I would just clean the desk off on the floor. RITHOLTZ: Like, wipe everything — MACK: Everything. RITHOLTZ: — onto the floor? MACK: Right. And thank God for Dick Fisher and he said, look, John, you got the biggest gun in the firm, in that division. Your job is never use your gun. So I learned a lot from him and I calm things down. I wasn’t as aggressive, wasn’t as pushy, but I was still demanding. And look, it’s a great business with great opportunities, but you got to pay attention. You got to pay attention to the people around you. You got to pay attention to your clients. And this idea of especially at Morgan Stanley, the surest way to be fired at Morgan Stanley is the word got back, you got a client laid somewhere, you’re gone. There’s no debate, no discussion. So we really focused on trying to get close to our clients, give them what they needed, introduce them to other clients that also had similar asset management responsibilities. And Morgan Stanley at that time was really growing from a pure investment bank that covered, you know, AT&T, IBM, Southern Cal, you name it, they had it, the Government of Japan. And we really worked at imbuing that culture of first class business in a first class way into the Morgan Stanley sales and trading business. RITHOLTZ: So let’s talk a little bit about some of the things you discussed in the book. You described how different Wall Street is today from when you began. Tell us a little bit about the process of finance being institutionalized, and how the culture has changed. MACK: Well, I think the biggest change is the markets became so big and global, that Wall Street had to change. So if you go back to when I started the business, basically, your client base was here in the United States. But over time, as globalization took place, your clients would be all over the world. And people were more and more focused on what are the maximum returns we can make in investing. And it got to be a 24 hours a day trading, whether you’re in China or Japan or Europe or U.S. So you had to be on your game, and you also had to be available to do business at night. And our traders oftentimes will stay up all night to satisfy inquiries coming in from China or be there early in the morning for London. So globalization was the big change, and then technology added to it. Technology allowed people to see markets and here we are at Bloomberg, they were looking at machines. They could tell you what was going on in Hong Kong or what was going on in Europe. So the markets became 24/7. And as a result, you had the staff and in my case, the fixed income division, you needed people around the world to be able to satisfy clients who are investors, and at the same time, satisfy clients who are raising money through Morgan Stanley. So if AT&T was doing a big bond deal, we want to make sure that, you know, the Japanese, the Chinese and just go around the world, the Middle East, London and back to New York, that all of our clients got a chance to see and talk to a salesman who had information about the transaction we were doing for AT&T. So globalization was the big change. Then add to that, and here we are at Bloomberg, technology. You know, when I got in the business, there was no technology. You had a little machine that would do interest rates for you. You know, you’d put in a price and it would give you what the yield is. But now, you go into Morgan Stanley, you go into JPMorgan or Goldman, it makes no difference. Every desk has a box with data and information. And if you go back when I got in the business in early, early ‘70s, matter of fact, in the late ‘60s, that didn’t exist. I mean, people would go out for lunch, and you know, take a couple hours. You didn’t miss anything. But today, you don’t leave your desk. RITHOLTZ: Right. And I’d say the very least. So you helped to build a very special culture at Morgan Stanley. What goes into building a competitive investment bank? How do you create and sustain that culture? MACK: Well, I think by and large, people who come into the business are competitive. They want to achieve and they want to do well. What I was trying to do was to take all this, I guess courage is the wrong word, this aggressiveness, this ability to build business, and how do you make it into a one firm versus the guys in San Francisco, they get an order, don’t share it with New York. If we do it, you know, we’ll get more of a commission. So what I was trying to do when I took over the fixed income division is to create a one firm entity. I call it the one-firm firm. And I brought in a guy named Tom DeLong, who I’ve met on an airplane. So Christy and I were out in Utah, we were looking at buying a house because we started picking up skiing. And by the way, I’m a terrible skier. So I’m talking to this guy on the plane and I said to him, what do you do? And he said, I’m a professor at BYU, and I’m coming back to talk to AT&T, their management group about, you know, managing people and evaluations, et cetera. And I said, well, look, I’d like you to come in and see me when you have time. I’d like to talk to you. So Tom comes in. And by the way, now, Tom is a professor at Harvard University. So Tom comes in and he interviews my senior group. And he comes in, he said, well, here’s what people think, to get ahead at this division, they have to be your friends. RITHOLTZ: FOJ. MACK: Exactly. That’s right. And if they’re not your friend, they don’t make it. And he said, that may not be reality, but that’s what they all believe. RITHOLTZ: That’s the perception. MACK: So he said, what you should do is set up an independent group of people. Let them make a presentation to you of the talent that should be promoted. And you know, if you have a strong objection, you can say that, but by and large, you should accept what they put in front of you. So that’s exactly what they did. They took me picking who’s going to be promoted. And there was a promotion committee, and also a compensation committee. And then they would come to me and make recommendations. And so you didn’t favor one person, you had somewhere between four and eight people on these committees. And when they brought it to me, unless I had something very specific that I’d say, well, let me tell you why I disagree, I accepted the recommendation. And that move really changed the culture of the division, and it came into, you know, you don’t have to be Max’s friend (ph) or anyone else. It’s about being professional, direct and honest. And your peers would do the evaluation on how you’re doing, what you’re doing and what you should be doing. RITHOLTZ: This is the full 360 review. MACK: Exactly. RITHOLTZ: And the peers would also anonymously review their managers. MACK: Absolutely. RITHOLTZ: And what was the results from those sorts of things? MACK: Well, in some cases, we found that managers were not setting the right tone as far as being energetic and working with them. They were reluctant, oftentimes, to go out with salesmen and help them entertain with clients or spend time with clients. So it really put more pressure on managers to be involved and not just sit in an office or on a trading desk at the far end, and just, you know, take advantage of people working hard, but they’re not involved. So we got more involved. And it also got us to eliminate some of the managers. When you saw these 360 reviews and some of the data, and then you would dive into it and find out they’re right, we’re not going to have people like that at this firm. So not a lot of reduction at headcounts, but a few people we asked to leave. RITHOLTZ: And you talked about the willingness of senior management to assist with clients. You seemed to be ready to jump on a plane to go anywhere in the world, China, to Tokyo. It didn’t matter if you could help close a deal. You were there. MACK: That’s true. I mean, number one, I love the business. I mean, to go to China and build the relationships we built in China, or go to Europe, it didn’t make any difference where I went. I love the business. And you know, China was just opening up. And one of the guys who used to be at the World Bank said, you know, John, what China really needs, I think it was Ed Lim, it needs an investment bank. So we formed a small investment bank owned mainly by the Chinese, but Morgan Stanley on 30% of it. And we built a securities business with the Chinese in China. And Wang Qishan, who was the Vice Premier, he was the gentleman I worked with. And it took a lot of time, but the Chinese wanted create their own capital markets. They wanted to be independent, and they wanted the ability to go around the world and raise money, because we do in any American investment bank. And I’ll tell you one of the things that really touched me. We’re talking about China, but let’s say China Communist. We’re talking about diehard communists. Wang Qishan who was running the central bank at that time, and then he was given the responsibility by Zhu Rongji to build a securities business. And I’m working with him to do this joint venture and he flies over to New York, and we’re sitting in my office on whatever floor at Morgan Stanley. And we’re there for about an hour and a half, we’re making zero progress. We’re not getting anywhere. And I’ve been in Europe with him and talked to him over there. We were making progress there. And now here he is in New York and there’s like a big heavy stone on him. I looked at him and I finally figured out he’s a chain smoker. I said Qishan, light him up. He said, I can’t do that. I said, what do you mean you can’t do that? He said, in New York, you can’t smoke inside. I said, in my office, you can do anything you want. Light him up. And he smoked Luckys. Can you imagine smoking Luckys? He smoked Luckys, he lit up, we got the deal done. RITHOLTZ: No filter, right? MACK: No filter. We got the deal done. And I keep reflecting back, you got to pay attention to the person who’s in the room with you. RITHOLTZ: But I’m impressed that he knows the local rules and customs in New York. MACK: Yeah. Very respectful. RITHOLTZ: That’s really impressive. So you open this joint venture in China. Is Morgan Stanley the first U.S. Bank to open a joint venture in China? MACK: It was. I know the U.K. banks, Hong Kong bank out of a U.K. ownership. But we were the first bank. But you know, I’m sure JPMorgan had some kind of outlet there, but more for banking and taking deposits and doing traditional banking business. But from a trading point of view, securities business, thanks to Ed Lim, who as I said, worked at the UN said, you know, China really needs capital markets and this investment banking business. And with his help, we started a small investment bank there which continued to grow. RITHOLTZ: So not just the division in China grew, but all of Morgan Stanley grew. And eventually, you came to realize, hey, we have all this investment banking and trading experience, but we don’t have a retail force, the way somebody like Merrill Lynch does. And lo and behold, along comes Dean Witter — MACK: Right. RITHOLTZ: — potentially a great merger candidate. Tell us a little bit about why that seemed like a good idea at that time. MACK: Sure. Well, what we saw in Merrill Lynch, which traditionally had been a pure retail firm, because of their huge network, number one, they had better information not only from what’s going on in the retail market, but also from institutions. You know, if you were in Des Moines in Iowa, and you knew the local president of the First Bank of Iowa, you got better information. And if they were going to buy Treasury securities, or municipals, you got that order. So we saw that we were getting limited information. And then Sears, who had bought Dean Witter. I think it was Ed Brennan and Phil Purcell had been a management consultant I think from McKinsey, but not sure of that. And he convinced Brennan that, you know, if you really are going to be in retail, you have Sears stores everywhere. Every city of 100,000 people, there was a Sears store. And he said, you know, we ought to open up Dean Witter offices in all these Sears stores, and that’s what they did. And it grew and grew. And then they came to the point that Purcell convinced Sears, let’s spin it out and take this company public. So Morgan Stanley was chosen to be the lead underwriter on the spin-out of Dean Witter from Sears. So Dick Fisher calls me and I meet Purcell, who I liked, and I looked at their business and the information they were getting from clients versus what we were getting. And they were in every, well, how many Sears stores are there? They were everywhere. RITHOLTZ: At their peak, I think there were like 3,000 something. MACK: Yeah. So they had better information. RITHOLTZ: Yeah. MACK: So, you know, we talked and talked. And finally, we came to the conclusion on a handshake to do the deal. Sears and Dean Witter was much larger in market cap than Morgan Stanley. So it was agreed upon, and he wouldn’t do it without being the CEO. And we had a couple of dinners in New York with Dick Fisher and him, Ed Brennan. And to get the deal done, he had to be the CEO. So Fisher says to me in a private meeting in his office, I’m not going to let you do this trip or do this management training. I said, well, Dick, at that point, it’s not our firm, it’s shareholders’ firm. And for me to say that to Dick Fisher was kind of ridiculous because he was always teaching me about the business. And he was a wonderful man and a smart man. So I said, look, this is what makes sense for shareholders. I’ll take the number two job. Phil is a good guy. I’ll get along with him. And let’s do this merger. And we did. And what we also inherited when we did that merger was Discover card. RITHOLTZ: Which was also a money machine. MACK: It was a money machine. But you know, we clashed, and we clashed in the sense, like I said I think earlier, if I were out in Sacramento, seeing the state funds of California, and I had an extra hour, I would drop by, you know, the local office, the Morgan Stanley Dean Witter office, and go and talk to a salesman. And clearly, you know, salesmen who are on commission, by and large, do a good job, but always have complaints. And I heard the complaints and I came back and I talked to the manager of all retail, and I talked to Purcell. And then Purcell said to me, you know, John, you can’t do that. I said, what do you mean I can’t do that? You can’t just drop into office and talk to them. I said, well, last time I checked, you know, you’re the CEO, but I’m president of the firm. I’m in Sacramento, seeing Safeway stores, and you’re telling me I can’t go into the office and talk to them? He said, well, you know, Ed Brennan would never do that at Sears. And I said, you know, this is not serious. And so right then, we knew we had an issue. RITHOLTZ: Right. He was very risk averse and you were very hands-on. MACK: Right. RITHOLTZ: It seems like from day one, a clash of the Titans was teeing up. MACK: Yeah. But not from day one. I mean, look, they had built a great business in retail, Dean Witter. They had brokers all over the country doing business. They didn’t have an international business. I think they thought international was going to Canada. It was just two different cultures. And no one challenged or spoke up either to a guy named Jimmy who ran the retail business or, clearly, Purcell who ran both retail institution and the credit card business. And my view at Morgan Stanley and I did this with Dick Jake Fisher, and people did it with me. In my office, I don’t care what you say to me. I want to hear it and it didn’t matter whether you didn’t do that. And that was the big cultural change. RITHOLTZ: So given the sort of head to head in terms of culture, Purcell’s team, at least for a while, seem to have won. You eventually came to realize he was reducing your authority — MACK: Right. RITHOLTZ: — step by step. And at a certain point, you’re like, I don’t want to just be a figurehead. MACK: Right. RITHOLTZ: And so you resigned. MACK: Right. RITHOLTZ: Tell us what that was like too, you’d been at Morgan Stanley for quite a while. MACK: Yeah. Well, it was difficult, but I couldn’t stay there under a philosophy or a management style where you’re not allowed to go to your boss and tell them, you know, I think you’re a jerk. And I had a number of people say that to me and I didn’t get even with them. I just changed some of the things. Sometimes they were right. I wasn’t sure. It’s just two different cultures. I mean, Morgan Stanley built its business on telling clients exactly what they thought. They didn’t sugarcoat it. They didn’t try to say, you know, maybe a little this, a little that. They told the client, these are the issues. And that’s the way I grew up, and that’s the way Dick Fisher was. So as much as I tried to change, I was miserable. I couldn’t do it. And he put me in charge of the retail system, but everything was bounced through him before I could make any decisions. Look, it’s their style, it had been successful. The retail business was important to the firm. And by putting retail and institution together, we had tremendous clout. But from a managerial point of view, it’s not the culture I wanted to be in. RITHOLTZ: Let’s talk a little bit about a period where you were just bored golfing. You leave Morgan Stanley. You’re really not sure what the next chapter in your life is going to be. And then you get a phone call about the mess that was Credit Suisse. MACK: Right. RITHOLTZ: What made you attracted to coming in and trying to clean up Credit Suisse First Boston? MACK: Well, I got a call from Lionel Pincus and I assume — RITHOLTZ: From Warburg Pincus? MACK: Right. They had a big investment with the Swiss and they were not happy with what was going on. So I met with him, and I met other people in the management of Credit Suisse. And I said to Christy, I would rather do this job and regret it than not do this job and regret it. So that’s how I made the decision. RITHOLTZ: Regret minimization framework. MACK: Exactly. RITHOLTZ: A good way to think about it. We should talk more about your wife because it seems like she regularly gives you good advice and send you off to apologize for something you said. MACK: That’s true. RITHOLTZ: And you talk about that in the book. We’ll circle back to that later. So I’m amused by the headline, Wall Street Fears Big Mack Attack. What was the expectation post Morgan Stanley? What did the street think you’re going to come in and do with Credit Suisse? MACK: Well, in Morgan Stanley when I thought, especially in the fixed income division and at that time, it’s the only thing I ran, that we were too fat. You know, we need to do a reduction. So I did and — RITHOLTZ: And this isn’t just headcount. You described some pretty egregious spending — MACK: Oh, yeah. RITHOLTZ: — going on at Credit Suisse. MACK: Yeah. Well, it was totally out of control. And you know, the Swiss were kind of absentee landlords. And they were used to getting all this money in a Swiss bank account and a lot of money coming in, I assume, from other parts of the world. So it was pretty easy when I got there, that we had to do some headcount reduction. When I got there, through my bankers who had worked for me at Morgan Stanley, who were big in technology, Frank Quattrone — RITHOLTZ: Sure. Giant. MACK: — and his team. And when I saw what kind of money they were making, it was mind-boggling. So I flew out to see them and I said, look, guys, I’ll pay you a lot of money. There’s no question about that. But what you’re doing, and the amount of money you’re making now versus the rest of the firm, and using the balance sheet in the firm is unacceptable. So we’re going to have to figure out a way. I want you to make a lot of money. I think it’s a great motivator. But this is totally out of control. And I wish I could remember exactly some of the numbers, but they were numbers like I’d never seen before. RITHOLTZ: It was order of magnitudes larger than the rest of the street? MACK: It’s big. They got a piece of every deal. They did. RITHOLTZ: Personally? MACK: Personally. So you know, one of them says, you know, John, this is in our contract. But I think this compensation is way out of kilter. And just to add a little color to this, when I said to them I want to come out and I want you to come to New York, and we got to talk about these contracts. And this is after 9/11. And they say, well, we’re afraid to do that. I said, well, tell me why. Well, after 9/11, we don’t go to New York. I said, okay, pick a city, I’ll meet you in the city. So I met them in Denver. When I think about that, how absurd that is. So I flew out to Denver, and I took Steve Volk who had been at Shearman & Sterling as the lead lawyer, lead partner. He had joined me to help clean up Credit Suisse. So I sit with George Boutros, Quattrone and I think a guy named Brady, and I said, look, I want you to make a lot of money. I don’t have any issue with that. But this is craziness and I can’t do that. And they said, well, look, it may be craziness, but that’s our contract. I said, it may be your contract and I’ll see you in court and we’ll fight it out. And I gave up the contracts, but I still paid them a lot of money. But you can’t create a culture when you have one-offs doing whatever they want to do. RITHOLTZ: You described it as anyone with a personal fiefdom is a terrible idea for a firm. MACK: Absolutely. And they’re good. They were smart. You would like a room full of Frank Quattrones. But you got to be managed and you got to be a team player. RITHOLTZ: So someone said to you around this time, hey, we’ve given up a lot of money. What about you, John, what have you given up? MACK: Yeah. RITHOLTZ: And what was your response? MACK: I gave up the contract. RITHOLTZ: So you gave up about a third of your salary? MACK: Yeah, I did. RITHOLTZ: That’s a big chunk of cash. MACK: But if you’re going to ask people to give up their contract, you can’t be different than them. This term that I run from Tom DeLong, it’s a one-firm firm, we all have to be in it together. So for me to keep the contract, it’s just not the right thing to do. And also, I learned so much from Dick Fisher. I’m looking way down the road. I’m not looking about what’s going to happen next week or two weeks from now. RITHOLTZ: Well, that’s a good strategy in investing to say the very least. You wrote in the book, the Swiss and Swiss bankers were unlike any other bankers you work with in the U.K., in China, in Japan. What made the Swiss so much of a one-off? MACK: Well, they were very independent. They had a lock on certain clients, whether it was leaders out of the Middle East or oligarchs in Russia, they got a lot of money coming in because they were Swiss. They had a great franchise, and they really lived off their private banking business. And in their investment banking business, they had a guy who was very talented, very smart named Allen Wheat and they had other people that come in. But everyone was running it for their own return into their own pocket. And so when I got there, I cut commissions. I got Frank and his guys to give up some of their money. And someone said, you know, we’re cutting commissions and getting less. Will you give up your contract? And I did. So it just wasn’t being managed. And the Swiss, you know, they make a lot of money because they get money from all the places that maybe JPMorgan and others wouldn’t take. They did a lot of investing with that money. They got to carry on some of it. It’s a great system for running a very profitable business. But the world was changing, and disclosure was becoming more and more open. People want to know, you know, who has the money, where’s it going, how’s money being transferred. And we finally got that to start moving and changing in Switzerland. And I was pretty tough on them. And of course, they thought I was the most arrogant person they ever met, and I thought they were the dumbest people I’ve ever met so — RITHOLTZ: In the book, you described actually saying that to their face. MACK: I did. RITHOLTZ: Given how secretive they are and how less than team focus they were, you knew this match wasn’t going to last forever. How long did you last at Credit Suisse? MACK: I think I lasted at least two years, maybe three. RITHOLTZ: Long enough to start showing a profit in the firm. MACK: Oh, yeah. We started making money. It was great. I mean, I remember the Olayan Group out of the Middle East said to me, and they were a huge investor in Credit Suisse, John, you’ve done a great job. We’re finally making money again. But I can’t take people telling me, you know, you don’t have access for this, you don’t have access for that. My view, which drove him crazy, was to open up their vault and let the European Jews come in and say how much money Credit Suisse took when World War II started. RITHOLTZ: Right. MACK: You know, how about the paintings they had? What’s a bank doing with a Renoir in a safe? RITHOLTZ: What was the response to that? MACK: They didn’t like it. RITHOLTZ: Yeah. I can imagine. MACK: Yeah. RITHOLTZ: So you ended up leaving Credit Suisse not long after. MACK: Well, they wouldn’t renew my contract. RITHOLTZ: Right. So it wasn’t like you were out and then fired. It was after your contract ended. MACK: No, I was fired. RITHOLTZ: So non-renewal and what was the firing like? Tell us a little bit about that. Was it relatively polite and pleasant? The Swiss, they’re not quite German, they’re not quite French, their customs are a little bit different than the rest of Europe. MACK: Well, when I went to Credit Suisse, they said that I could pick someone that I liked and trusted, a friend to go on the board. And I asked a guy named Tom Bell, who’s a close friend of mine, he used to run Y&R advertising agency, and then he ran Cousins Properties in Atlanta, to go on the board. Then he called me after their meeting and said, John, be prepared, they’re going to fire you tomorrow. I said, well, thanks for heads-up. So I went in, they fired me. And I sat and I said, you know, Walter, what do you think of this? Trying to get them to talk, but they didn’t want any part of talking. And look, you know, I don’t have any issue with the firm. I guess you could say I was aggressive or obnoxious, one or the other. But we turned the place around. RITHOLTZ: Right. MACK: We started making money. But, look, I don’t think in general, we have to ask my friends and people who know me. I don’t think I’m arrogant. But clearly, I came across as arrogant know-it-all. And they shot me so, you know — RITHOLTZ: But you had done a good job there. Let’s talk a bit about Mack the Knife, right? MACK: Right. RITHOLTZ: So there’s Chainsaw Al, there’s Neutron Jack. I don’t get the sense that you were as blase about having to reduce headcounts as some other CEOs were. MACK: Yeah. RITHOLTZ: It struck me that Mack the Knife sort of rankled you a little bit, at least that’s how it comes across in the book. MACK: Yeah. I didn’t mind it. I mean, being known as Mack the Knife, it kind of built a reputation for me. I’d go to a bar somewhere, I’d go to Christmas party with a lot of Wall Street guys, and invariably, someone would be pointing and says Mack the Knife. RITHOLTZ: Right. MACK: I have an ego. I like that. I am Mack the Knife. RITHOLTZ: That’s pretty good. So now, you get fired at Credit Suisse. MACK: Yeah. RITHOLTZ: And meanwhile, Morgan Stanley run by the somewhat risk averse, Phil Purcell, starts falling behind all their competitors. MACK: Right. RITHOLTZ: And lo and behold, there is an agitation to have some change — MACK: Right. RITHOLTZ: — at Morgan Stanley Dean Witter. Tell us what happens next. MACK: Well, I’m at Pequot which is a hedge fund with — RITHOLTZ: Art Samberg. MACK: — Art Samberg and having a good time. And Morgan Stanley is falling on. And then Parker Gilbert, who had been the chairman of the firm, and I think going all the way back, his stepfather was one of the original partners. And JPMorgan spun out and started Morgans — RITHOLTZ: Wasn’t he related to Henry Morgan also? I mean — MACK: That I don’t know. I don’t think so, but I don’t know that. Charles Morgan was related to Henry Morgan, who was not on the Management Committee, but there was a relationship going all the way back to the Morgans. So Parker got together with a number of retired partners who own a tremendous amount of Morgan Stanley/Dean Witter stock now. And they went on a campaign to force personnel out, and at the end of the day, they were successful. RITHOLTZ: And you get the phone call? MACK: Yeah. RITHOLTZ: You, again, briefly thought about it. What did your wife say to you? MACK: Well, she said I had to do it. She said, John, that firm is part of you and you’ve done so much. You got to go back and do this. RITHOLTZ: So that you return. MACK: Right. RITHOLTZ: Your first day of work, you walked into the trading room to deliver just, hey, I’m back. What is that experience like? MACK: Well, I think Christy, who’s my wife, would say, other than having our kids, it was the happiest moment of her life. She would say that, John, we grew up at Morgan Stanley. We knew the culture. And to come back, and to have people just running to get to the door to welcome us in, it was emotional. I guess a lot of it is just the circumstances. They hadn’t been managed the way I think they should have been managed. They didn’t have a connection with the leadership of the firm. They had become risk averse. And it was no longer, you know, the sense of you do well, you get rewarded. So the meritocracy thing had just dissipated away. So to walk in and have people scrambling to, you know, get to see me or — RITHOLTZ: Had it felt good? MACK: Yeah, it did. It did good. And I’ll never forget when I got up into the auditorium to talk to people and I said, you know, I always wanted to see all of you again, but I never thought I would see you by coming back in here, back to Morgan Stanley and doing it. But it was a thrill. I mean, you know, you don’t get many chances to redo, or recorrect, or change what had happened and go back the way it was. And we were able to do that, and it was a high. And you know, I get Christy and hear me. To her, as I said, other than the kids, that was the highlight of our marriage. So I got to work on it and do some other things. RITHOLTZ: And I mentioned when you first came in, and I’m sure you don’t remember this, the day you were brought in, you were doing a media tour. And I have a vivid recollection of sitting in a makeup chair in the greenroom at CNBC. MACK: CNBC. RITHOLTZ: And you and some other people blow in, hi, I’m John Mack. MACK: Right. RITHOLTZ: Hi. Nice to meet you. What was that about? I asked and someone said, oh, that’s John Mack. He just came back to run Morgan Stanley. I’m like, oh, isn’t that great? And that was, I don’t know, was it ’05? It’s like 15, 17 years ago? MACK: Yeah, something like that. Yes. RITHOLTZ: Yeah. Really, really fascinating. And you very quickly rebuilt the firm’s culture. Tell us what you did to bring back the one-firm firm — MACK: Sure. RITHOLTZ: — and the meritocracy. How did you get Morgan Stanley back on the straight and narrow again? MACK: Well, number one, you had to return it to meritocracy. And we had a lot of meetings either in big groups, small groups. Christy and I, one of the things we did early on, if there was a golf outing at Morgan Stanley with clients, if you went out, it’d be all men. And occasionally, there’d be one woman who played golf. So Christy and I said, well, let’s do things. I want women to be in charge of entertaining them than doing their own golf outings. So we got David Ledbetter and his guys come in, and we did golf lessons up in Purchase, New York for our women professionals. And then we took them down to North Carolina six or seven months later, at a club we belonged to called Landfall and we had, you know, the golf teachers come up and work with them. And the beauty of it is now the women have their own golf outing women-only, which I think is terrific. So what we tried to do is pull people together and talk about how do you make this a great firm again, because the roots are there, the bones are there. And it was about reaching out and bringing people together, and working for our clients and making sure that we treated people fairly. RITHOLTZ: So there’s a quote of yours in the book that I found fascinating. You wrote, certain risk-taking behavior multiplied exponentially when investment banks were converted from partnerships to publicly traded companies. I couldn’t agree more. MACK: Right. RITHOLTZ: Tell us your thoughts. MACK: Well, the thought was when it was a partner’s money, they were much more conservative. RITHOLTZ: They were literally joint in several liabilities, literally on the hook — MACK: Absolutely. RITHOLTZ: — if the firm lost money. That’s got to focus your attention. MACK: Oh, it does. And depending on where you were, which firm, but the culture, Morgan Stanley had been a pure investment bank, and they really didn’t have sales and trading either in equities or in fixed income. But what became apparent that firms like Salomon Brothers, were making huge inroads because Jackie Kugler at Salomon could call the CFO at IBM or AT&T and say, hear what pension funds are thinking and doing with your stock. We think there’s an opportunity you could float $100 million equity deal or bond deal. They had better information. And Morgan Stanley didn’t have that sales and trading business. We were not talking to portfolio managers as traders. We were talking to them as we’re pricing AT&T at 7-1As (ph). How many do you want? That’s the way it worked. But other firms, including Goldman Sachs, they were a two-way shop. They were buying and selling debt and equities with pension funds, and get a lot of information. What were they looking for? And what were they doing? And then you take that back and you show it to New Jersey Bell Telephone or you show it to, you know, AT&T or IBM. You’re bringing that CFO or that treasurer more information, so he can figure out what’s the next move for AT&T or Southern Bell? RITHOLTZ: So was it inevitable that these firms had to go public just so they had access to those pools of capital to expand into trading and underwriting and everything else? MACK: Yeah, because at the end of the day, the risk component went up dramatically. And you know, if you go through the crisis, probably if you were not a public company, you’d have wiped out the partnership. So you needed to have a strong base of capital and selling equity, and being in the public market gave you that. It also gave you the liquidity to go in the market to raise more equity if you need it, or do a bond do. RITHOLTZ: I used to think, hey, big mistake going from partnership to public — MACK: Right. RITHOLTZ: — because of the change in risk profile. But it sort of sounds like it was inevitable that all these partnerships would eventually go public. MACK: Yeah. Well, you know, what’s interesting, if you look at Lazard, they still do business. It was truncated. It’s not what it used to be. If you’re a CFO or a CEO, you want to know what are the hedge funds doing? State of California, State of New York, big pools of money in their pension funds, what are they thinking? What do they need? You want that kind of data. You want to know what are investors looking for? And I think, you know, if you look back, and it was difficult, we went through a hard time. The Dean Witter merger really changed the firm. Now, you had unbelievable banking, with the retail. And the amount of information that you could bring to a CEO or CFO about markets and then the distribution network you now had was a huge advantage. And I think that’s one of the reasons Morgan Stanley has done so well. RITHOLTZ: Really interesting. We’ll talk about books in a little while, but you seem to throughout your book, quote Ron Chernow’s House of Morgan a lot. MACK: Right. RITHOLTZ: How helpful was that in doing your research to write this? MACK: Well, I had read the book years ago, so I didn’t do a lot of work to dig down. So I would say very little. RITHOLTZ: Oh, really? MACK: Yeah. RITHOLTZ: Because he just goes berserk on the research side. MACK: That’s right. RITHOLTZ: Everything he does is so deeply and richly researched. MACK: He was never a bond salesman like me. RITHOLTZ: Well, you were actually on the inside, so it’s a little different. One of the other things you wrote was everybody got the financial crisis wrong. And in the run-up to it, people just didn’t expect the bottom draw (ph) out that much. Tell us a little bit about what took place with Morgan Stanley, leading up to the financial crisis? MACK: Well, number one, we had too much risk. There was no question about that. But we were not alone. And we did not have a fortress balance sheet like a JPMorgan would have or even a Citibank. You know, no one knows when the bullets come in, but the bullet came and shot a lot of us. And a lot of these companies either merged or went out of business. And all I can say is thank God for the Japanese and what they did. I mean, that was the lifesaver. They got us through. RITHOLTZ: Thank you, Mitsubishi with Morgan Stanley. MACK: Yeah. And as I said to you earlier, they remembered our culture because we would always have Japanese trainees. And they stood up, and that’s what saved us. RITHOLTZ: So you tell a story in the book, you have Hank Paulson, Ben Bernanke, and Tim Geithner coming to you to say, hey, you guys have to find a merger partner. MACK: Right. RITHOLTZ: And the response is we have $180 billion in capital. This is going to be a painful period, but we’ll survive. MACK: Right. RITHOLTZ: What was their response? MACK: They didn’t care. RITHOLTZ: Didn’t care? MACK: No. RITHOLTZ: Get more capital. MACK: Absolutely. RITHOLTZ: So you reach out to Bank of Mitsubishi. MACK: Right. RITHOLTZ: And you’re waiting for the term sheet to come in. MACK: Right. RITHOLTZ: And it’s midnight, and it’s 2:00, and it’s 4:00 a.m. It’s 6:00 a.m. And then Tim Geithner calls, and then Hank Paulson calls, and then a third time, Tim Geithner calls. What happens next? MACK: Well, what happens, the check flew in to Boston, and we had to send one of our bankers up to pick up the check and fly back. So he was at home. It’s over the weekend. And he went up in his dungarees and running shoes, and picked up a check for, I don’t know, a billion some, and brought it down. I got a copy of it framed in my office back at the townhouse. The Japanese saved us. They saved us because they remember our culture. And we used to train tons of Japanese bankers at Morgan Stanley. RITHOLTZ: So you’re waiting for the final word from Bank of Mitsubishi. MACK: Right. RITHOLTZ: I think you know where I’m going. MACK: Yeah. RITHOLTZ: And now, Geithner calls for the umpteenth time and your secretary pokes her head and then says, it was the head of New York Fed — MACK: Of New York Fed. Right. RITHOLTZ: — Tim Geithner and he’s insistent. MACK: Right. RITHOLTZ: And you basically said, we’re going to figure this out ourselves. MACK: Yeah. RITHOLTZ: And you did. MACK: And we did. Yeah. RITHOLTZ: And what’s your relationship with Tim now? MACK: I liked him. RITHOLTZ: Yeah. MACK: I mean, listen, to me, I hope it’s not personal to him. And the point was I’m trying to save the firm. I can’t take all these calls when I’m talking to the Japanese. So you know, we’re under the gun. He’s a decent guy. But he had his job to do and I had my job to do. And at the end of the day, it worked. RITHOLTZ: And in fact, the Treasury Department taps Morgan Stanley to help with the AIG bailout. MACK: Yeah, they did. RITHOLTZ: So that was a good working relationship. You actually had a good relationship with Hank Paulson — MACK: Yeah. RITHOLTZ: — from when he was CEO of Goldman. MACK: Yeah, he’s the best. Well, look, he’s honest. He’s smart. He’s straightforward. He gets things done. I have a lot of respect for Hank Paulson. RITHOLTZ: Before we get to our favorite questions, there were a couple of little curveballs I wanted to throw you. There’s a story in the book, you talked about somebody who you go to, who you know is a giant Duke basketball fan. And you asked him to give up part of his bonus, as you were doing. MACK: Right. RITHOLTZ: And very begrudgingly, he did it for the team. MACK: Right. RITHOLTZ: And then you get Coach K involved. Tell us that story. It’s charming. MACK: Well, he was a huge fan of Duke and I needed him onboard with what I was trying to do. And he gave up some power and money to accommodate me. And Mike Krzyzewski is a good friend of mine, a close friend of mine. So I called Coach K and I said, Mike, do me a favor. Will you call this gentleman and just tell him how much I appreciate what he’s done and that you are happy that you helped my friend John Mack out? So Mike calls the guy and he said, look, I want to tell you what you did is really something. John Mack is, he didn’t call me an a-hole, he said John Mack is a selfish tough guy, and what you did just warmed his heart. And I want to thank you because he’s my friend. The salesman was on cloud nine. RITHOLTZ: I can imagine. And then another curveball I got to ask you — MACK: Sure. RITHOLTZ: — you once stole Barton Biggs’ car. MACK: We hid it. His car was a dump. RITHOLTZ: Right. It was a clunker. He had a broken rear window. MACK: Yeah. RITHOLTZ: He just taped it off. He didn’t even replace the window. MACK: Yeah, we hid the car and he was like — RITHOLTZ: And then you had a make-believe sheriff from North Carolina call him? MACK: Right. Yeah. RITHOLTZ: And what was his reaction? MACK: Well, he laughed at the end, but he had no idea what was going on. And Bart is a wonderful man, but he is a good guy to pull pranks on. So what I’ve learned in pulling pranks — RITHOLTZ: Of which there are numerous examples in the book. MACK: But here’s what I’ve learned, though. When the prank is on you, laugh. Because everyone is trying to get me in one way or another. RITHOLTZ: Very, very funny. So we only have a few minutes left. MACK: Sure. RITHOLTZ: Let me jump to some of my favorite questions that we ask all of our guests. Tell us about your early mentors who helped to shape your career. MACK: Number one, Dick Fisher, just hands down. He would call me and say, look, John, you got to do this. I know you’re aggressive. You’re a great salesman. You can’t manage people and try to threaten them and scare them. You got to ease up. So he did that. Also, I could go to him if I had a problem, a question. So he was without question, my best mentor. And the other person is not that she mentored me, she’s my wife. She’ll say, John, you know, you want to reach out to that person and you know their kid is sick. You got him into Children’s Hospital, the Morgan Stanley Children’s Hospital. So she’s been a wonderful partner in telling me, you know, you’re being a little too aggressive, back down. And I think she’s right, I have softened up. Yeah, I think I have softened up. And that’s another thing. Morgan Stanley got behind us and we built this Children’s Hospital, which the employees love. They go up there on the weekends, and they read stories to kids. RITHOLTZ: Wow. MACK: That’s how you build a culture, that you do things like that. And I’m trying to thank Frank Bennack who’s at Hearst Corporation. He said to me he thought that was the best sign of corporate philanthropy he’s ever seen. So if some time you’re up near New York Presbyterian Uptown, if you go into the Children’s Hospital, Morgan Stanley Children’s, you’ll see on the wall that Morgan Stanley gave a lot of money. And then you’ll see names of hedge funds and other clients, when they heard what we’re doing, they gave money. And you know, New York is huge. You got, you know, the Philadelphia Children’s Hospital. You got them in Boston. New York City didn’t have a standalone children’s hospital. And our employees will go up there now and read books to the kids on the weekend sometimes. RITHOLTZ: Wow. MACK: It is a wonderful thing we did. We’re really, really happy with it. RITHOLTZ: You should be very proud of that. You mentioned books. Let’s talk about some of your favorites and what are you reading currently. MACK: Well, actually, I just read my book again. My favorite book all-time is Gone with the Wind. Can you believe that? RITHOLTZ: That’s a big book, right? MACK: It is a big book. So I’m taking history of the south at Duke University. And one of the things you had to do, you had to read 50 pages every other day about a history or something with a sound. So I picked up Gone with the Wind. I didn’t put it down until I finished it. RITHOLTZ: Really? Wow. MACK: If you haven’t read it, you got to read it. RITHOLTZ: Seen the movie, never read the book. MACK: The book is awesome. RITHOLTZ: Really? MACK: It’s just awesome. So — RITHOLTZ: What sort of advice would you give to a recent college graduate who is interested in a career in finance or investing? MACK: Well, number one, you have to pursue it. You got to get in the door. Hopefully, you have a background that will help you. If your education, let’s say you’re a history major, I was a history major. If your education doesn’t put you naturally into that glide path, then take courses and get into that glide path. Go to school at night, get your MBA, that helps. But more importantly, figure out how do you get to know people within that company. Make sure your job you have now, you’ve performed well in it. And get to know people in the company and get introduced by them to the head of a division or department. But you can get in it. I mean, there’s a lot of ways to get in this business. And one way of doing it, go work for JPMorgan, their asset management business. Go work for a hedge fund. Go work for a lot of people who are in the business and learn kind of the day-to-day sales and training business. And if you want to be an M&A specialist, my advice is you need to have a degree in accounting or an MBA where you can really zero in and have the training that you need to do and do that. You can do that business. If you didn’t have any experience, if they give you a chance, my point is you got to give them enough information that they want to give you a chance. And the way you do that is do extra work, or work for a hedge fund, or work for, you know, whoever it may be and you’ll get that shot. RITHOLTZ: And our last question, what do you know about the world of investing today that you wish you knew 50 years or so ago, when you were first getting started? MACK: That great companies that you invest in, you should hold. And I always was looking for the profit and I made money on it. But some of these companies, well, take Apple Computer. RITHOLTZ: Perfect example. MACK: I’ll give you a great example. My son, 11 years old, Morgan Stanley takes Apple public. I buy him a computer. He says, dad, this is a great company, I want to buy stock in it. And he’s like 11 or 12 years old, and he buys shares on it. I think that small purchase is well worth over a couple million dollars when he did. RITHOLTZ: Wow. MACK: So he understood great companies and his father did. You hold them. He’s never sold a share. RITHOLTZ: Wow. MACK: And it’s just been a home run. So I believe — RITHOLTZ: Well, dad is a trader. The son is an investor. MACK: An investor. That’s right. A smart investor. So I believe you buy great companies and hold them, and that’s what we do now. We have a family office that helps me, we work with them. And we still meet and talk to a lot of investors. RITHOLTZ: Quite fascinating. John, thank you for being so generous with your time. We have been speaking with John Mack, former CEO of Morgan Stanley, and author of the fascinating book Up Close and All In: Life and Leadership Lessons really from a Wall Street Warrior. If you enjoy this conversation, well, be sure and check out any of our previous 500 we’ve done over the past eight or nine years. You can find those at iTunes, Spotify, YouTube, wherever you find your favorite podcasts. Sign up for my daily reading list at ritholtz.com. Follow me on Twitter @ritholtz. Check out all of the Bloomberg podcasts on Twitter at podcasts. I would be remiss if I did not thank the crack team that helps put these conversations together each week. Justin Milner is my audio engineer. Atika Valbrun is my project manager. Sean Russo is my head of Research. Paris Wald is my producer. I’m Barry Ritholtz. You’ve been listening to Masters in Business on Bloomberg Radio. END   ~~~     The post Transcript: John Mack appeared first on The Big Picture......»»

Category: blogSource: TheBigPictureJan 10th, 2023

Futures Rise On China Reopening, End Of Tech Crackdown As Asia Enters Bull Market

Futures Rise On China Reopening, End Of Tech Crackdown As Asia Enters Bull Market Futures extended their Friday post payrolls gain on the back of Chine reopening optimism coupled with speculation that China's tech crackdown is finally ending - just as we speculated this weekend when reporting on Jack Ma's ceding control of Ant Financial. S&P futures rose 0.4% as of 7:30 am ET while Nasdaq contracts 100 added 0.5%. And while European stocks were mostly in the green, the bulk of overnight action was in Asia where the Hang Seng Tech Index jumped 3.2% Monday, led by Alibaba Group after a top central bank official said the clampdown on the Internet sector was drawing to a close. The broader market also advanced, with a gauge of Chinese equities listed in Hong Kong rising 2%, helping push the MSCI Asia Index up 20% from its October low, setting it up for a bull market. The dollar weakened to a seven month low and oil rallied. Among premarket movers, Bed Bath & Beyond shares surged as much as 75%, set to rally after losing nearly half of their value in the previous week on bankruptcy worries amid mounting losses, and ahead of the company’s earnings due Tuesday. Coinbase and Riot Platforms led cryptocurrency-exposed stocks higher in premarket trading as Bitcoin rallied to extend gains for a sixth consecutive session — its longest streak in nearly a year. Lululemon dropped after the athletic apparel maker forecast a weaker gross margin. Here are other notable premarket movers: Oracle is upgraded to overweight from neutral at Piper Sandler as its cloud transformation takes hold. The brokerage also noted that fiscal 2024 might be a watershed year for the software company, where growth in operating profits and earnings per share could accelerate to more than 10%. Oracle shares are up 1.3%. Piper Sandler upgrades Uber to overweight and cuts DoorDash to underweight, recommending a pair-trade between the two as it favors ride-hailing over delivery in 2023. Elsewhere, Jefferies starts DoorDash with an underperform rating, with a buy on Uber. Uber shares rose 2.3%. Dash shares down 4.2%. Ally Financial upgraded to neutral from underweight at Piper Sandler, with headwinds seen as now priced into the stock. Shares rise 1.9%. Credit Suisse says fertilizer prices are on a downward trajectory in a note double-downgrading Mosaic (MOS) to underperform. Shares fall 1.1%. Elf Beauty is downgraded to hold from buy at Jefferies, with broker saying risk-reward is balanced for the cosmetics company against an uncertain macroeconomic backdrop. Shares fall 1.1%. Ipsen shares drop after it agreed to acquire Albireo for $42/share in cash plus a contingent value right (CVR) of $10/share related to the U.S. FDA approval of Bylvay in biliary atresia. Albireo shares soar 93%. Jefferies sees another year of uncertainty ahead for US bank stocks, in a note upgrading its ratings on Truist (TFC) and First Republic (FRC) and downgrading both Signature Bank (SBNY) and Regions Financial (RF). TFC falls 0.09%. FRC rises 1.2%. SBNY shares fall 0.4%. RF falls 1%. KeyBanc trims its natural gas price estimates for 2023 following a relatively mild winter to date and cuts its ratings on Comstock Resources (CRK) and Pioneer Natural Resources (PXD). CRK shares rise 0.8%. PXD rises 1%. There is a strong industry backdrop for Harmonic (HLIT), with greater competition in the broadband service market pushing cable multiple-system operators (MSOs) to invest aggressively, Jefferies writes in note that upgrades the stock to buy. Shares rise 1.8%. Lanvin Group is rated neutral at Citi, which initiated coverage on the stock noting that the luxury fashion group has solid brands but clear evidence of a turnaround is required to merit a buy call. Shares rise 3.5%. Markets closed last week solidly in the green, encouraged by Friday's jobs report which showed wage growth slowing, lifting the S&P 500 2.3% to notch its first winning week in over a month. They face another test on Thursday with CPI data that will likely help determine the size of the Federal Reserve’s next interest-rate increase. After the easing in wage inflation, swaps contracts showed investors expect the policy rate to peak at under 5% this cycle, down from 5.06% just before Friday’s jobs report. While traders remain divided about the size of February’s hike, with 32 basis points of tightening priced in, it appears that a quarter-point move is seen as more likely than a half-point increase. While pressure on the Fed to hike by 50 basis points on Feb. 1 has eased, “policy makers appear to be increasingly frustrated by market-pricing at odds with Fed signaling in terms of both the terminal funds rate and timing of initial rate cut,” BNP Paribas economists led by Carl Riccadonna wrote in a note to clients. “This could tilt their bias toward a more forceful response at the next meeting.” And while market pessimism is still dominant, analysts at Wells Fargo said Friday’s gains may be more durable than some expect, being “driven by a pro-cyclical post-jobs report reaction — not by risk/short-covering.” This market action “probably creates some positive investor sentiment since long-only’s are making money and short-sellers are faring better than one might expect.” On the other hand, Morgan Stanley strategists said US equities face much sharper declines than many pessimists expect with the specter of recession likely to compound their biggest annual slump since the global financial crisis. The bank's equity strategist, Michael Wilson, long one of the most vocal bears on US stocks, said while investors are generally pessimistic about the outlook for economic growth, corporate profit estimates are still too high and the equity risk premium is at its lowest since the run-up to 2008. That suggests the S&P 500 could fall much lower than the 3,500 to 3,600 points the market is currently estimating in the event of a mild recession, he said. At the same time, US stocks have been lagging the rebound in European, Asian and emerging-market peers as American equities trade at a hefty valuation premium. European markets also started the week amid a generally buoyant mood, as continental bourses opened higher, after posting the best week since March on optimism about China’s reopening, an easing energy crisis and signs of cooling inflation. Europe’s Stoxx 600 Index climbed 0.5%, touching the highest since mid-December with construction, technology and energy leading gains amid optimism over China’s demand for raw materials.  On the data front, euro zone unemployment was unchanged in November at 6.5% as expected. Here are some of Europe's biggest movers: UCB gains as much as 4.9%, the most in almost 11 months, after the Belgian biopharma company said its 2022 results should come in toward the high end of guidance Geberit shares climb as much as 3.5% after Goldman Sachs raised its recommendation on the Swiss manufacturer to neutral from sell, citing reduced risk related to energy prices BioArctic rises as much as 29% after Eisai and Biogen’s Alzheimer’s drug Leqembi (lecanemab-irmb) received accelerated approval from the FDA. The treatment originates from BioArctic TGS gains as much as 15%, the most intraday since 2020, after a 4Q update that DNB said showed a strong beat on late sales and supportive management comments on order inflow SAES Getters shares surge as much as 36%, the most on record, after SAES Group entered an agreement with Resonetics to sell its Nitinol production business for about $900m in cash AstraZeneca falls after agreeing to buy US biotech CinCor Pharma for as much as $1.8 billion. Analysts say the acquisition is a good fit for the firm’s existing cardiovascular franchise Fresnillo falls as much as 2.5% as RBC Capital Markets downgrades stock to sector perform, as it sees operational momentum widely priced in and expects limited growth in the pipeline Frontier Developments shares fall as much as 42%, its biggest intraday decline on record, after the video-game firm said it no longer expects to meet FY23 consensus expectations Ambea drops as much as 6.9%, the most since Dec. 23, after the Swedish elder care company saw its target price cut at DNB to SEK52 from SEK73 on continued headwinds due to inflation Devolver Digital shares fall as much as 9.5%, dropping to a record low, after downgrading profit expectations for FY22 in a trading update. Goodbody called the update “disappointing.” Earlier in the session, Asia’s benchmark stock index was on track to enter a bull market, as China’s reopening and a weakening dollar lure investors back to the region. The MSCI Asia Pacific Index climbed as much as 1.9% on Monday, taking its advance from an Oct. 24 low to more than 20%. The Asian benchmark is up 3.7% so far in 2023, beating the S&P 500 Index by about two percentage points. That’s after they both slumped about 19% last year, their worst performance since 2008. Gauges in Hong Kong, Taiwan and South Korea led gains in the session, while Japan was closed for a holiday. Strategists have predicted a better year for Asian equities after a dismal 2022, especially as stocks in China, which carry the second-highest weighting in the regional gauge after Japan, turned a corner in November following the nation’s shift away from stringent virus curbs. The bull market milestone comes after the MSCI Asia gauge tumbled nearly 40% from a peak in early 2021. The MSCI Emerging Markets Index is on track to enter a bull market after surging more than 20% from its October low, boosted by Chinese stocks after the nation pivoted on its Covid strategy and offered more policy support for the economy.   “The rally has been fast and furious, so it is only natural to expect some profit-taking,” said Charu Chanana, senior strategist at Saxo Capital Markets Pte. “There are also some risks to keep a tap on, such as BOJ’s hawkish shift and company earnings. But that being said, there is still room for Asian markets to outperform global peers in 2023.” Australian stocks climbed for a fourth day as miners advanced. The S&P/ASX 200 index rose 0.6% to close at 7,151.30, capping four consecutive days of advances. The winning streak is the benchmark’s longest since Nov. 25. The gauge followed Wall Street shares higher after US economic data boosted optimism for slower Fed rate hikes. Miners and energy shares contributed the most to the Australian index’s move. In New Zealand, the S&P/NZX 50 index rose 0.2% to 11,646.45. In FX, the Bloomberg Dollar Spot Index fell to its lowest level since June as the dollar weakened against all of its Group-of-10 peers apart from the yen. It pared the drop in European hours. NOK, NZD are best performers among G10’s. The euro pared gains after rising to $1.07. Bunds and Italian bonds underperformed Treasuries, with the largest losses seen in the belly of curves, while money markets added to peak ECB rate wagers. Focus is also on the EU’s first bond sales of the year The pound advanced, while gilts bear flattened. Bank of England Chief Economist Huw Pill comments are due later Norway’s krone and the Australian dollar led G-10 gains, with the latter climbing to $0.6947, its highest level in more than four months, supported by China’s reopening. AUD curve bull steepens with 3-year yield ~13bps lower Turkey’s lira weakened as investors weighed President Recep Tayyip Erdogan’s signal that general elections will be held in early May, a month earlier than scheduled In rates, Treasuries were pressured lower with losses led by long-end, continuing Friday’s post-payrolls steepening move amid wave of block trades. US yields are higher by as much as 4bp at long-end, steepening 5s30s, 2s10s spreads by around 2bp; 10-year around 3.595%, cheaper by 3.5bp on day but outperforming bunds in the sector by ~2.5bp.  Treasuries took their cue from wider bear-steepening move across core European rates following first EU bond sales of the year. Another heavy IG credit issuance slate is expected this week, which also includes December CPI data Thursday and Fed Chair Powell appearance Tuesday.   In commodities, crude futures advanced, pushing Brent up almost 3.5% to trade near $81.11. Spot gold rises roughly $8 to trade near $1,873/oz while base metals are in the green. In crypto, Bitcoin is firmer and has managed to surpass and gain a more convincing foothold above USD 17k, after fleeting breaches of the figure in recent sessions, with the 16th Dec USD 17524 peak into play The only event on today's quiet calendar is the consumer credit print at 3pm ET. There are two Fed speakers on deck as well, Bostic and Daly, speaking shortly after noon. Market Snapshot S&P 500 futures up 0.4% to 3,932.00 STOXX Europe 600 up 0.5% to 446.56 MXAP up 1.7% to 161.51 MXAPJ up 2.4% to 535.12 Nikkei up 0.6% to 25,973.85 Topix up 0.4% to 1,875.76 Hang Seng Index up 1.9% to 21,388.34 Shanghai Composite up 0.6% to 3,176.08 Sensex up 1.4% to 60,752.44 Australia S&P/ASX 200 up 0.6% to 7,151.33 Kospi up 2.6% to 2,350.19 German 10Y yield little changed at 2.27% Euro up 0.3% to $1.0677 Brent Futures up 3.0% to $80.90/bbl Brent Futures up 3.0% to $80.89/bbl Gold spot up 0.4% to $1,873.06 U.S. Dollar Index down 0.27% to 103.60 Top Overnight News from Bloomberg Central banks aren’t giving up their inflation fight yet with the peak in interest rates still to come in most economies, but pauses will come at some point in 2023 — and perhaps even pivots The ECB predicts wage growth — a key indicator of where inflation is headed — will be “very strong” in the coming quarters, strengthening the case for more interest-rate hikes, the institution said Monday in an article to be published in its Economic Bulletin UK Prime Minister Rishi Sunak is set for talks with the union leaders directing the wave of strikes that have hobbled the UK since the start of the year, as the threat of more widespread action hangs over the country Russian President Vladimir Putin’s plans to squeeze Europe by weaponizing energy look to be fizzling at least for now. Mild weather, a wider array of suppliers and efforts to reduce demand are helping, with gas reserves still nearly full and prices tumbling to pre- war levels The SNB expects an annual loss of about 132 billion francs ($143 billion), more than five times the previous record, it said Monday in preliminary results. The largest part of this, 131 billion francs, stems from collapsed valuations of its large pile of holdings in foreign currencies, accrued as a result of decade-long purchases to weaken the franc A ship has been refloated after running aground in the Suez Canal and briefly disrupting traffic in the waterway that’s vital for global trade Brazil’s capital was recovering early Monday from an insurrection by thousands of supporters of ex-President Jair Bolsonaro who stormed the country’s top government institutions, leaving a trail of destruction and testing the leadership of Luiz Inacio Lula da Silva just a week after he took office Chinese officials are considering a record quota for special local government bonds this year and widening the budget deficit target as they ramp up support for the world’s second- largest economy, according to people familiar with the matter Japanese Prime Minister Fumio Kishida said careful explanation and communication with markets would be part of consideration on monetary policy, when asked about possible future changes in the Bank of Japan’s ultra-loose policy A more detailed look at global markets courtesy of Newsquawk Asia-Pac stocks gained with the MSCI Asia Pacific index on course to enter a bull market as the region took impetus from last Friday’s rally on Wall St. ASX 200 was led higher by strength in the commodity-related sectors and with sentiment also helped by China’s border reopening which JPMorgan predicts could boost Australia’s economy by nearly one percentage point over the next two years, although gains are capped following disappointing building approvals data. KOSPI outperformed with the index and shares in LG Electronics unfazed by the Co.’s softer preliminary Q4 earnings. Hang Seng and Shanghai Comp were supported after China’s border reopening over the weekend added to the hopes of an economic recovery and with Alibaba shares spearheading the advances in Hong Kong after Jack Ma ceded control of affiliate Ant Group. Top Asian News Chinese President Xi Jinping stressed the importance of remaining committed to advancing reform, exploring new ground and carrying forward the fighting spirit, in a bid to modernize the work of judicial, procuratorial, and public security organs, according to China Economic Net. PBoC official Guo Shuqing said China’s growth will return to a normal path as China provides further support to households and companies to help recover following the end of the zero-Covid policy, according to People’s Daily. Tens of thousands of travellers began to fly in and out of mainland China on Sunday following the removal of nearly all of China’s border restrictions, according to WSJ. China’s health security administration said talks to include Pfizer’s (PFE) Paxlovid in the drug list for basic state health insurance failed due to the Co.’s high quotation for the antiviral medicine, according to Reuters. Six Chinese cities set GDP targets for this year ranging from 5.5%-7.0%, according to Securities Daily. Japanese PM Kishida said they must choose a successor to BoJ Governor Kuroda best suited for the post at the time when Kuroda’s term ends in April and must discuss with the next BoJ Governor the relationship between the government's and BoJ's policies. Kishida added that the government and BoJ must work closely together and each should play their own roles in achieving sustained price stability, while he noted that the government is ready to respond flexibly using reserves when asked if further steps could be taken to soften the blow on households from rising prices, according to Reuters. China reportedly considering a record special debt quota and a wider budget deficit, via Bloomberg; considering a deficit ratio of circa. 3% for the year. New special bond quota of up to CNY 3.8tln. European bourses are firmer across the board, Euro Stoxx 50 +0.3%, as the constructive APAC tone continues amid a limited European docket. Sectors are primarily in the green, with defensive names lagging somewhat in-fitting with the risk tone. US futures are in the green, ES +0.4%, in-fitting with the above sentiment ahead of Fed speak and a NY Fed Consumer Expectations survey. Apple's (AAPL) iPhone exports from India have doubled to a record USD 2.5bln, via Bloomberg. Top European News BoE’s Mann said energy price caps could be lifting inflation in other sectors by boosting consumer spending and noted it is unclear what would happen to inflation when caps are removed, according to Bloomberg. UK PM Sunak said inflation is not guaranteed to decline this year and that the government will need to be disciplined to ensure inflation is brought down, according to Reuters. In other news, PM Sunak said he was willing to discuss pay increases for nurses in an effort to end strikes as ministers prepare to meet union leaders on Monday, according to FT. Czech Central Bank Governor Michl said they expect a significant drop in inflation from spring and are ready to raise rates further if the baseline scenario of a decline in inflation does not materialise, while he added that policy will be strict until inflation begins declining, according to Reuters. FX   DXY continues to slip below the 104.00 mark between 103.860-420 parameters towards key technical support and its December low (103.380). Action which is benefitting peers across the board ex-JPY, which is suffering amid the easing in USTs/EGBs and a Japanese holiday, with USD/JPY above 132.50. Antipodeans are the current outperformers with AUD surpassing 0.69 and Kiwi eclipsing 0.64 vs USD, before waning slightly. EUR/USD hit, but failed to breach, 1.07 while Cable is off best but still above 1.21 in a 1.2089-1.2174 range. PBoC set USD/CNY mid-point at 6.8265 vs exp. 6.8276 (prev. 6.8912)   Fixed Income EGBs under pressure and continuing to retreat from Friday's best, with Bunds down by nearly 100 ticks and Gilts similarly dented though managing to retain 102.00 at present USTs are similarly softer, though have largely been consolidating towards the APAC trough given the absence of Japanese participants ahead of Fed speak and NY survey, with yields modestly firmer across the curve. Commodities Crude benchmarks are bid this morning, with WTI Feb and Brent Mar posting upside in excess of 3.0% or USD 2.0/bbl respectively. Action has been driven by China’s ongoing reopening and fresh geopolitical headlines, alongside other crude-specific developments (see below). Qatar set February marine crude OSP at Oman/Dubai plus USD 0.75/bbl and land crude OSP at Oman/Dubai plus USD 2.10/bbl. In relevant news, Qatar Energy is to sign Ras Laffan Petrochemicals Complex agreements with the project to cost USD 6bln and it created a JV with Chevron Phillips Chemicals of which it owns 70% and Chevron (CVX) owns 30%, according to Reuters. Iraq’s Oil Minister said the Karbala oil refinery will begin commercial production in mid-March, according to Reuters. US DoE rejected the initial batch of bids from oil companies to resupply a small amount of oil to the SPR in February, according to Reuters. Colonial Pipeline said repairs at the Witt Booster Station were completed and Line 3 returned to normal operations as of 17:51 EST on Sunday, according to Reuters. China has issued a second batch of 2023 crude oil import quotas to independent refiners totalling 111.82mln/T, via Reuters citing sources. Iraq February Basrah medium crude OSP to Asia -USD 1.40/bbl vs Oman/Dubai average, via Somo; to Europe at -USD 8.95/bbl vs Dated Brent. Spot gold is fairly contained around the mid-point of USD 1864-1880/oz parameters, with the yellow metal deriving some upside from the DXY struggling to attain a positive foothold; next resistance mark is USD 1885/oz from the 9th of May. Geopolitics Ukrainian President Zelensky said Ukrainian forces were repelling Russian attacks on Bakhmut in eastern Donbas and were holding position in nearby Soledar under very difficult conditions, according to Reuters. Russia’s Defence Ministry said it struck a building in eastern Ukraine which killed more than 600 Ukrainian troops in retaliation for Ukraine’s deadly strike against a Russian barracks, although Ukrainian officials denied there were any casualties and said the strike by Russia only damaged civilian infrastructure, according to Reuters and ITV. Russia and Belarus will conduct joint air force drills on January 16th-February 1st, according to the Belarusian Defence Ministry cited by Reuters. Russian Kremlin has rejected suggestions from Ukraine that Russian official Kozak is sounding out officials in Europe about a potential peace deal. Swedish PM Kristersson said they have fulfilled commitments made to Turkey at the Madrid summit but noted that Turkey is demanding concessions that Stockholm cannot give to approve its application to join NATO, according to FT. China's military said it carried out combat drills around Taiwan on Sunday, while Taiwan's Defence Ministry stated 28 Chinese aircraft crossed the Taiwan Strait median line and entered the air defence zone in the past 24 hours. Furthermore, Taiwan's presidential office said it condemns China's recent military drills around Taiwan and that Taiwan's position is very clear whereby it will not escalate conflict nor provoke disputes but added that it will firmly defend its sovereignty and national security, according to Reuters. Crypto Bitcoin is firmer and has managed to surpass and gain a more convincing foothold above USD 17k, after fleeting breaches of the figure in recent sessions, with the 16th Dec USD 17524 peak into play. Bafin warns of Godfather malware attack on banking/crypto apps. US Event Calendar 15:00: Nov. Consumer Credit, est. $25b, prior $27.1b Central bank Speakers 12:30: Fed’s Bostic Takes Part in Moderated Discussion 12:30: Fed’s Daly Interviewed in WSJ Live event DB's Jim Reid concludes the overnight wrap I hope your Sunday was more peaceful than mine. I played my first round of golf since back surgery (don't tell my consultant) and got stuck at the golf course afterwards as there was a big police search with helicopters over the area I walk home across. My wife and kids were out in the garden at the time and had to rush in as the copter nearly landed in the adjoining field. So at least they knew I wasn't making up being delayed. Had it not been pouring with rain I would have had time for another 9 by the time I could make it home via a huge detour. To be fair for me there are worst places to be stuck but it was a touch concerning. That capped the end of a week where if you thought 2023 might start calmer than 2022 then you may have wanted to think again as there was plenty to debate and plenty of big swings in markets and data. In fact, after weak European headline inflation last week and a bad miss for the US Services ISM on Friday it was the best week for 10yr German bunds (-35.8bps) since data on Bloomberg starts around reunification in 1990. This week the main highlights are a speech from Powell in Sweden tomorrow morning, US and China CPI on Thursday, and Q4 US earnings season starting in earnest with 3 big financials on Friday. Before we go through things in more detail it's worth recapping Friday's US data which resulted in a major shift lower in yields. Payrolls were firm as expected with the headline at +223k and unemployment unexpectedly falling a tenth to 3.5%, the lowest since Neil Armstrong first walked on the moon. As our US economists discuss here though, there were signs of slowing growth in the report with, for example, hours worked (34.3hrs vs. 34.4hrs) and average hourly earnings (+0.3% vs. +0.4%) declining. These factors led US yields lower after the report but the Services ISM dropping from 56.5 to 49.6 was a bit of shocker, especially when the consensus was at 55. There’s a chance the exceptionally cold weather could have artificially depressed the survey but the associated commentary wasn’t great and new orders fells 10.8 points to 45.2 which outside the pandemic is the lowest since the GFC and levels only previously associated with recessions. 2 and 10yr yields fell -21bps and -16bps on the day but around 15-16bps of both moves came after the ISM which shows its impact. Ironically the S&P 500 climbed +2.28% on the day but c.1.75% of this was after this shocker of a print showing that the influence of rates on equities outweighed the economic concerns. Such an equity move couldn't possibly last if this ISM print heralded in a stream of recessionary data. It can only last if the data suggests an environment weak enough to merit the Fed pausing soon with the economy managing a soft landing. Remarkably European PMIs now stand near a record high relative to the US which is part of the reason for preferring European credit given it still trades wide to the US. A fuller review of the week for assets (a significant one to start the year) can be found at the end as usual. Let's move on to this week now and start with the US CPI print for December on Thursday which will be the pivotal data point in January. In terms of the MoM rate, the headline CPI is expected at -0.15% at DB (consensus 0.0% vs. +0.10% previously) with core CPI expected at +0.22% at DB (+0.3% consensus vs. +0.20% previously). In terms of YoY, headline is expected to drop from 7.1% to 6.3% at DB (6.5% consensus) with core falling from 6% to 5.6% (5.7% consensus). Another inflation-related data point will come from the University of Michigan survey on Friday, where the gauge of consumer inflation expectations will be in focus. Other US data releases will include consumer credit (DB forecast +$30.5B vs +$27.1 in October) today and the NFIB small business optimism index on Tuesday. Central bank speakers will also be in the spotlight with appearances from Fed Chair Powell and BoE Governor Bailey at the Riksbank's International Symposium on Central Bank Independence tomorrow. We will also hear from a number of other Fed and ECB speakers throughout the week (see day by day calendar for the list). In Europe, key data releases will include industrial production and trade data in Germany, France and the Eurozone. Over in the UK, all eyes will be on the monthly GDP report for November on Friday. Elsewhere, retail sales (Wednesday) figures will be published in Italy along with the unemployment rate (today) for November. Over in China, the CPI and the PPI on Thursday will be the standout. Turning to earnings now and some of the largest American banks including JPMorgan, Citi and BofA will kick off the earnings season on Friday. We will also hear from BlackRock and UnitedHealth that day. The day before all eyes will be on results from TSMC as concerns over supply-demand dynamics and US-China tensions continue to weigh on the sector, with the Philadelphia semiconductor index down -35% in 2022. Asian equity markets are continuing their buoyant start to the year overnight and carried on where Wall Street left off it on Friday night. As I type, the KOSPI (+2.33%) is the strongest performer across the region with the Hang Seng (+1.60%), the CSI (+0.67%) and the Shanghai Composite (+0.54%) also edging higher amid receding risk-off sentiment after Hong Kong and China resumed quarantine-free travel over the weekend thereby marking the end of the Covid Zero policy. Elsewhere, markets in Japan are closed for a holiday. Futures on the S&P 500 (+0.36%), the NASDAQ 100 (+0.54%) and the DAX (+0.75%) are trading higher as well. Crude oil prices are also higher with Brent futures (+1.18%) at $79.50/bbl and WTI (+1.25%) at $74.69/bbl as we go to print. Early morning data showed that Australia’s building approvals (-9.0% m/m) dropped further in November compared to a downwardly revised -5.6% decline in October. In the US, the House Republican leadership standoff came to an end over the weekend after Republican Kevin McCarthy was elected as speaker after 14 failed attempts following days of gruelling negotiations. Recapping last week now, and markets put in a strong start to 2023 as signs of economic weakness and declining inflationary pressures raised hopes that central banks wouldn’t be as aggressive as feared on hiking rates. In particular, the aforementioned ISM services index on Friday created a major bond and equity rally to end the week. However ominously it means December was the first month since May 2020 that both the ISM US services and manufacturing components were in contractionary territory. On the back of ISM and payrolls, investors immediately moved to price in a less aggressive pace of rate hikes from the Federal Reserve. For instance, futures pricing for the end-2023 rate came down by -10.3bps over the week (-19.0bps on Friday) to 4.48%. That was a big catalyst for risk assets, with the S&P 500 surging +2.28% on Friday, which brought the index back into positive territory for the week at +1.45%. It also led to a massive decline in Treasury yields, with the 10yr down -31.7bps over the week (-16.0bps Friday) to 3.558%. Over in Europe there was a similarly optimistic picture, aided by the news on Friday from the flash Euro Area CPI release. That showed headline inflation falling to +9.2% in December (vs. +9.5% expected), although core inflation did hit a record high of +5.2%. This backdrop meant equities and bonds surged across the continent, with the STOXX 600 up +4.60% (+1.16% Friday) to mark its strongest weekly performance since March. At the same time, 10yr bund yields fell -35.8bps (-10.5bps Friday), marking their largest weekly decline in records going back to German reunification in 1990. Let's see what week 2 of 2023 brings Tyler Durden Mon, 01/09/2023 - 08:05.....»»

Category: blogSource: zerohedgeJan 9th, 2023

XFL schedule: Here"s when the Battlehawks will play first game in St. Louis

The city's XFL franchise will play its first several games on the road before taking the field at the Dome at America's Center......»»

Category: topSource: bizjournalsJan 5th, 2023

Time to Buy Activision Blizzard (ATVI) Before Potential Microsoft (MSFT) Acquisition?

With or without the merger, Activision Blizzard is starting to look like a sound investment for 2023 with earnings estimate revisions on the rise. Throughout 2023, mergers and acquisitions will be a frequent topic of discussion. In recent months, most M&A news has centered around the merger of grocery retailers Kroger KR and Albertsons ACI. Yet Microsoft’s MSFT planned acquisition of Activision Blizzard ATVI will be very significant in the wider tech space.With or without the merger, Activision Blizzard is starting to look like a sound investment for 2023 with earnings estimate revisions on the rise.Microsoft Acquisition Microsoft’s planned acquisition of Activision Blizzard, which is a leading developer and publisher of console, online, and mobile games is expected to be completed in June of 2023. Activision Blizzard’s newly released games include "Overwatch 2" and the latest addition to its famous "World of Warcraft" franchise with a premium series for its renowned "Call of Duty" video games set to be released later in the year. .  Image Source: Zacks Investment ResearchHowever, the Federal Trade Commission has filed an antitrust lawsuit to block Microsoft’s Activision Blizzard deal. The idea of Microsoft and Activision Blizzard teaming up has been frowned upon by Microsoft competitors such as Sony SONY because popular video game brands like “Call of Duty” would be under Microsoft’s control. Still, Microsoft has stated it would not be the global leader in gaming and vows to provide the popular “Call of Duty” games to other platforms including Sony’s PlayStation and not just Microsoft’s Xbox gaming systems. Image Source: Zacks Investment ResearchOf course, Microsoft is fighting the lawsuit. Microsoft hopes acquiring Activision Blizzard will help accelerate the growth of its gaming business and provide building blocks for the metaverse.The proposed acquisition is for $68.7 billion and will add to Microsoft’s top and bottom lines down the road. As for Activision Blizzard shareholders, they will have the option to convert shares and will be entitled to receive $95 in cash for every share of ATVI, which is 24% above the current stock price of $76 per share.ATVI Growth & Outlook As previously mentioned, Activision Blizzard stock is starting to look attractive even if the company is not acquired by Microsoft.Fiscal 2022 earnings are now expected to drop -18% but rebound and jump 29% in FY23 at $3.91 per share. Even better, earnings estimate revisions have started to go up for both FY22 and FY23 over the last 60 days.On the top line, sales are forecasted to be down -2% in 2022 but rise 17% in FY23 to $9.59 billion. Fiscal 2023 would represent 48% growth from pre-pandemic levels with 2019 sales at $6.48 billion.Image Source: Zacks Investment ResearchPerformance & Valuation Over the last year, Activision Blizzard stock is up an impressive +14% to outperform the S&P 500’s -21%. This has also outperformed Microsoft’s -28% over the last year and the Toy-Games-Hobbies Market’s -9%. The spike in ATVI shares last year was mostly attributed to the acquisition news.Looking at the last decade, ATVI stock is now up +587% to beat the benchmark and its Zack Subindustry’s +298%, but trail MSFT’s +788%.Image Source: Zacks Investment ResearchAt current levels, Activision Blizzard has a forward P/E of 29.3X. This is above its industry average of 16.3X but Activision Blizzard is a proven leader in its space. Activision Blizzard stock also trades nicely below its decade high of 34X and not far above the median of 23.9X, with the rising earnings estimates also supporting its P/E valuation.Image Source: Zacks Investment ResearchBottom Line Along with the upside to the $95 acquisition price, ATVI stock also sports a Zacks Rank #2 (Buy) in correlation with rising earnings estimate revisions for both FY22 and FY23. This combined with ATVI’s reasonable valuation at current levels are reasons to believe the company will be okay with or without the Microsoft deal. Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.Be First to New Top 10 Stocks >>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 Activision Blizzard, Inc (ATVI): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report The Kroger Co. (KR): Free Stock Analysis Report Albertsons Companies, Inc. (ACI): Free Stock Analysis Report Sony Corporation (SONY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 4th, 2023

Transcript: Charlie Ellis

   The transcript from this week’s, MiB: Charlie Ellis on Vanguard’s Rules of Investing is below. You can stream and download our full conversation, including any podcast extras, on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters… Read More The post Transcript: Charlie Ellis appeared first on The Big Picture.    The transcript from this week’s, MiB: Charlie Ellis on Vanguard’s Rules of Investing is below. You can stream and download our full conversation, including any podcast extras, on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, what can I say? Charlie Ellis is a legend in the world of finance, whether it was at Greenwich Associates, or as chair of the Yale endowment, or a board member at Vanguard. He has seen pretty much everything in the world of investing. His career spans the entire modern era dating back to, you know, the Paul Volcker era, and what took place during the boom periods of the ‘80s and ‘90s, and how technology has changed the world of investing. He’s just one of these people who is so thoughtful and insightful about everything. It’s just always a pleasure to chat with him. I found our discussion to be absolutely fascinating, and I think you will also. With no further ado, my conversation with Greenwich Associates’ Charlie Ellis. The last time we spoke, we really were talking about the retirement crisis, and we spent a little bit of time discussing Vanguard. But this new book is so interesting and so filled with details that only an insider can have. Let’s delve into it a little bit. Tell us what first led you to Vanguard. How did you get involved with them? CHARLIE ELLIS, FOUNDER AND FORMER MANAGING PARTNER, GREENWICH ASSOCIATES: Well, it started a long time ago, 1966, I was working with a securities firm in New York, and Wellington was a client in Philadelphia. And I would go down to Philadelphia and meet with John Neff, Jack Bogle and the others, and I got convinced that these were very bright and interesting people doing interesting things. But old Wellington was not really a great and interesting place. It was a balanced portfolio. The assets were going down year by year by year. As people said, you know, it’s just out of date, I’m going to get a performance fund. I’m going to beat the market. These guys will never get out of the slow that they’re in. But still, there was something special about Jack and John. So — RITHOLTZ: The irony of that is in 1966, hey, we were about to start, you know, a long period of equity underperformance. You would have guessed, had you known that a balanced fund, the stock and bond portfolio was going to do a lot better than just the pure stock funds over the next 16 years. ELLIS: That’s the way the world works. Just when you least expect it, something goes in a different direction. I’ve really liked the guys. When Jack said he was going to be leaving after the merger made in heaven, with the Boston group, Jack, you really are stretching it. This is a very unlikely proposition. You’ve got less than 30 people working with you. You’re in charge of the back office activities. That’s an activity you never ever personally enjoyed at all. You always assigned that to somebody else. And he would say to me, don’t worry about it. Jim Reid (ph), he’s going to take responsibility for that. RITHOLTZ: Right. ELLIS: I don’t have to do it. You’re not allowed to do anything in investment management, and then allow it to do anything in sales. The mutual fund business is all about sales and investing. What are you going to do? And the answer was, I’m going to hang in there and find a way to make this thing work. RITHOLTZ: And the fascinating story is the argument that he concocted around indexing, first, it’s not investment management because, hey, we’re not making any decisions. We’re just buying all the stocks in the index. And second, there’s no sales. People are going to come to us. So therefore, this is outside of the deal he cut with the folks at Wellington. ELLIS: Right. And it was just barely enough over a period of several months to convince his board of directors it’s okay to do that. RITHOLTZ: And he just kind of skated through. They barely approved it. ELLIS: Very close run. But Jack was a very argumentative, persuasive, always had the facts supporting whatever case like a really good litigating lawyer. He was always able to make his own case very, very, very well. RITHOLTZ: So let’s talk about that initial fund. The plan was to do an IPO to raise $200 million in new client assets for the funds. How much did they end up actually raising? ELLIS: This is the first index fund. RITHOLTZ: The first index fund? ELLIS: It’s a very interesting story. Going to raise a pretty serious amount of money, it was very hard to get Wall Street to agree to do the underwriting. And then it was really hard to get salespeople in the various cities to say, yeah, I’m going to pitch this to my clients for a very good reason. Everybody knew in those days, the purpose of investment management is to beat the market. Everybody understood that was the game. So you’re looking for a manager who’s going to beat the market. Everybody talked that way. And here’s a guy coming along, saying, hey, I got a really good idea for you. I’m not going to beat the market. Jack would have argued, well, wait a minute. 75% of the active funds are underperforming what they said they were going to do. If I meet the market, match it, I’m going to beat most of them. I’ll be in the top quartile as a consequence. Yeah, yeah, yeah. But Jack, you’re going to charge a sales load of 8% on this index fund, so people’s first day are 8% behind the market, how are they ever going to catch up with the market? Don’t let that bother you. We’ll find a way to make it work out. But that was a killer, and people would look at him and say, straight faced, I’m not going to go to my clients and say, go into this investment opportunity, you’re guaranteed to be behind the market for the rest of the time that you hold on to it. RITHOLTZ: Now, some of the data that Jack had showed that the active managers, all of whom were high fee, not even counting the fees after a period of time, the vast majority, some 95%, lag the market. And then once you work the fees and after 10 or 15 years, they’re way behind the market. Why did it take so long for that concept to be recognized by investors? ELLIS: We’re all governed by our beliefs, and beliefs are much more powerful than data. And as we’ve seen in politics, as we’ll see in all kinds of other subject areas, what people believed is what drives them to their behavior and decisions. Don’t bother me with the facts, is a reality of human beings. So if you’re fact-based, you got to be prepared for people to say, you’re crazy, that doesn’t make any sense. I know what’s right. RITHOLTZ: And when you look back to the 1970s and ‘80s, you know, we’ve taken for granted how much data is available today, how easy it is for us to access historical returns for various indices versus inflation, versus dividends, versus everything. That technology and that information wasn’t all that readily available 40, 50 years ago. ELLIS: What do you mean it wasn’t readily available? It wasn’t available, period. I mean, we go back a little bit of personal history. I was privileged to have the responsibility for representing Greenwich Associates consulting with Wall Street firms. The smartest people on Wall Street in terms of picking up an understanding, this is really good information, I can really put it to work. John Whitehead at Goldman Sachs, who was unbelievably demanding and rigorous as a client, but I loved working for him because he always took everything very, very seriously. And there’s one other person, Mike Bloomberg at Salomon Brothers, and Mike took the information and convert it into decisions on a regular basis. That put him in a very strong position competitively, but it also proved to him the value of having good hard information. And you can’t deny, anybody can have good hard information and not use it. He was really good at using it. And that’s characteristic of why he’s been so extraordinary and as successful as years and years and years later. RITHOLTZ: So all of this is really fascinating. What made you 19 books and decide to say, hey, you know, it’s time to tell the inside story of Vanguard, what led you to saying now’s the time? ELLIS: I was a director of Vanguard. I had worked with Vanguard as a strategy consultant before being a director. And I was deeply convinced that this was for almost any American investor, the right way to do your investing. And that it was low cost, yup; high value, yup; reliably delivered in a systematic way. And that looking at it as a director, it seemed to me very, very clear that Vanguard was way underestimated by almost everybody. The clients of Vanguard underestimated how good a deal they were really getting. People who weren’t clients of Vanguard were crazy not to know what the facts were. They can make their own decision, but they should know at least what the facts are. Here’s a better way of being able to get good investment, guidance and information. And as a director, I said, you know, I think we really are making a big mistake not to make it clear to our own people how good a deal they’re getting. Yeah, yeah, yeah. But, you know, everything about Vanguard as an organization is modesty, and particularly with Jack Brennan, who was very much, Mr. Modesty, and it just didn’t take off. And then after I left the board, Jack and I were both advisors to a very, very large investment fund, and so it gave me an opportunity to make the pitch to him one more time. And he said, you know, I think you’re right. I think this would be good for investors. I said, but Jack, it’s going to be good for Vanguard too. He said, yeah, but it’s really good for investors. So let’s go ahead. RITHOLTZ: So I like the concept of Vanguard’s culture as unique in the world of finance, low cost, high integrity. And tell us a little bit about the Vanguard culture. ELLIS: Well, it starts with one very simple proposition, nobody is making a profit. Every other investment organization got a problem that somebody is taking money out of the pot every day, every month, every year as a profit. That’s the American way. It’s a good incentive. Yeah, yeah, yeah. But here’s a group who’s highly motivated, they’re doing all kinds of leadership things, and nobody is taking a profit. Everybody who’s an investor in Vanguard is an owner of Vanguard. The only owners of Vanguard are the investors in Vanguard. So it’s a nice tight little situation where you eat your own cooking and you’re doing what’s really right because it’s what’s really right for everybody. RITHOLTZ: Really interesting. So given how the world has changed over the past few decades, have you noticed any changes in the culture at Vanguard over that period? ELLIS: Honestly, no. It’s astonishing. It’s still Boy Scouts and Girl Scouts gathered together every day to do — as they like to say, to do the right thing. And that’s the only metric by which they make a judgement. What’s the right thing to do for our investor clients? Because it’s their shop and we’re here to do the right thing for them. RITHOLTZ: So when we look around at the world of low cost indexes, they’re all pretty much the same. They’re cheap. They tend to hold almost identical portfolios. What makes the Vanguard version of this so different? How does Vanguard brand itself in what is essentially a commodity product? ELLIS: It’s really fascinating, essentially, a commodity product. If you have a client, they will understand and appreciate. They get good service, not fabulous service, but good service at low cost, on a very unreliable basis. And there’s a group of people who are working full time to protect them from anything dumb or getting conned. Not bad. RITHOLTZ: So let’s talk about the enigma that is Jack Bogle. He spent the first 25 years of his career on the active side of the street. It seems like it’s almost a coincidence that Vanguard was even launched. Tell us about that. ELLIS: A lot of different ways you’d commit to answer your question. First, Jack engineered what was supposed to be the great merger made in heaven, combining old fashioned Wellington with all of the integrity that it might have had in days gone by, heavy sales load, heavy on sales activities, not so good on investing, combined with a hot ticket group in Boston. And it looked like that would be a winning proposition for everybody. Only problem, culture, personality, way of thinking, way of doing business. Jack always wanted to have complete control of everything. The guy said the Thorndike, Doran, Paine & Lewis Partnership, which is now the core of modern Wellington, believed deeply in a consensus development as friends talking things out, figuring out together what’s the best thing to do, take a long term point of view. The two cultures did not mix. And Jack insisted on his culture being dominant because that was key to his personality. And that made it worse, not better. And then he insisted more on having it his way, and that made it even worse. And so, finally, they got to the point of saying you have to go. RITHOLTZ: And essentially, they deposed him. They tossed out the king, eventually winning a vote at a board level where he was removed from Wellington, the investment firm. But Jack had a clever backdoor way around it. He was still a participant and part of the board, where there were numerous independent directors. And the way the mutual fund industry is set up, the administration of the funds and the management of the investments are two different creatures. So he was able to stay with the admin side. Tell us a little bit about that. ELLIS: You’ve said such a nice job of summarizing it, there’s almost nothing to say other than you got it exactly right. RITHOLTZ: Oh, I got a couple of chapters just on that. ELLIS: Jack Bogle understood that the directors had certain kinds of power that could not be taken away. And they were because of the SEC and the whole concept of regulation of mutual fund industry, representatives of the investors in the mutual funds. That was a very strong base. And so, legally, the directors were responsible for figuring out what to do about investing, then the directors were responsible for figuring out what to do about sales. That’s legally. That’s not the way it actually worked. The way it actually worked is the directors did exactly what they were told by the management company, because otherwise they wouldn’t get the very nice fees that they were getting and they wouldn’t have the privilege of coming to the meetings, and so on and so on. RITHOLTZ: All the directors were buddies of the folks running the investment. ELLIS: Why else would you choose one? RITHOLTZ: Right. ELLIS: Obedient directors, friends of the firm, all this sort of stuff, it’s really not a nice part of the history. It’s very different today. But 25, 30 years ago, it was a different world. So Jack had worked out that the directors would have responsibility for making the final decision on things that were important enough so that they had some real gravitas and some real strength. And he had a very close relationship with several of the directors. And several of the directors had a high regard for Jack as a man of integrity, and so they were very strong in support for him. Guys like Chuck Root for an example. He was the head of TF&C, the actuarial firm, and a really distinguished talent in the Philadelphia business community. And basically thought that Jack was good guy with strong intentions, and maybe too strong a personality sometimes, but a good guy for the long run, and was clear going to support him. And Jack had similar relationships with people who give him support, just enough so that he could get the vote on his side for things that had to do with administration. Interesting phenomenon. One of the guys said he was most focused on getting to be sure that he would get the right support, management consultant named Warden who was doing some terrific work for European companies, trying to understand American business after the Second World War, and built up a very nice franchise. He died and if he hadn’t died, the vote might have — RITHOLTZ: The night before the vote. ELLIS: If it hadn’t happened that way, vote might have gone the other way, so that close. Jack won by marginal vote, the right to be able to do the administration. What a win. You think about Pyrrhic victories, what a win. Let me just be sure I understand this. I’m Jack Bogle. The one thing I don’t care about at all, have no interest in whatsoever is fund administration. RITHOLTZ: Right. ELLIS: That’s my sole business. And I’m going to have less than 30 people working with me. And the crowd of funds that I’m managing are basically going downhill because redemptions are larger than new sales. That’s not much to start with, but — RITHOLTZ: Not at all. ELLIS: — you’ve got to understand at the start, there’s a magic missing ingredient. Jack’s ability to be ferociously angry and beautifully articulate for any case he ever wanted to make was a major competitive factor. And then a couple of things were lucky breaks, money market funds came out and you could charge 1% on a money market fund, which is a lot to charge for something. This is plain vanilla on some money market fund. But a money market fund was sure to be a winner compared to the bank CDs that were limited by regulation to 5% interest. Then Paul Volcker was driving the interest rates up to 8%, 10%, 12%, even 14% on money market instruments. All you had to do as a money market fund manager is buying the standard stuff, Treasury bills, commercial paper and the like. You could put together a portfolio that’s producing a very high income, and the banks that had all the money were limited to that 5.5%. So then when they float out of the banks into the mutual funds, and Vanguard made itself obvious choice by having slightly lower fees, and then lower fees, and then lower fees as their assets built up. So they had low fees for an identical product. Then you don’t have to be that smart to figure out, hey, wait a minute, these are identical products — RITHOLTZ: Right. ELLIS: — and one is low cost, why not? RITHOLTZ: Why not? So let’s also talk about what was then thought of as a fairly radical concept, neutralizing the mutual funds business. Tell us a little bit about that idea, where instead of being profit-driven, the profits would eventually flow back to the owners, the investors in the funds, through lower fees. ELLIS: Well, you just said beautifully. RITHOLTZ: Well, you know, I’ve been — ELLIS: The proposition. RITHOLTZ: I’ve been educated with this book, so it’s deep in my thought process. ELLIS: And you know, once you get 2 and 2 is 4, it’s easy to remember and put to work. But the secret here over and over and over again is ferocious drive to not fail, which was Jack, ferocious drive to be recognized as Mr. Wonderful, which was a very important part of Jack Bogle all through his career, but — RITHOLTZ: Saint Jack. ELLIS: — to get more and more and more important as he got deeper into Vanguard. Those two phenomena show up over and over and over again. RITHOLTZ: So given how successful the mutualization was, why didn’t any other asset managers copy the structure? It seems like — ELLIS: Oh, wait, wait, wait, wait, wait, what’s the American way? I start a business to make a profit. If I do a good job, people will come to my business. I’ll get bigger, I’ll make more profits. So I do a good job, I keep getting more. And it’s a positive cycle. Okay. What would attract anybody to get into a business where you do a really good job and you break even? You do a really, really good job for years and you breakeven. You do a really, really, really good job for year after year after year for all kinds of people, and you breakeven. You mean you never ever make a profit? That’s right. You never ever make a profit. Well, what’s in it for me? RITHOLTZ: Well, you — ELLIS: And that is a stopper for almost everybody who starts a business. If you can’t make a profit, why in the world would you get going? RITHOLTZ: Well — ELLIS: It goes back to Adam Smith and all the way through since then. RITHOLTZ: You do end up achieving a certain size where there are economies of scale, and you pay yourself a very nice salary. Hey, maybe you don’t go public, maybe you don’t sell the firm. But you sleep at night and you know you’re doing the right thing for your clients. There’s got to be some appeal for that. ELLIS: Now you’re getting to why is the culture at Vanguard so steadily the same and why do people at Vanguard enjoy being where they are? First, they really like doing a good job and doing the right thing in doing a good job. It’s amazing. People really do like being honest. People really do like delivering good value. People really do like doing a great job for other people as customers. And particularly if you make clear, when you join Vanguard, you’re never going to get rich. It is not going to happen. So if that’s the main item on your agenda, go somewhere else. And there are plenty of places as Wall Street, where they’ll say you want to get rich? Come here. So if you don’t want to get rich, but you do want to do something you’re proud of every day, with a group of people who are just like you, proud of what they’re doing. Boy Scouts, Girl Scouts, pretty soon you start to say, you know, there’s something to this, maybe being a Jesuit is not all that bad an idea. Then pretty soon, you start finding, hey, wait a minute, this works. RITHOLTZ: Let’s talk a little bit about not just Jack Bogle, but the era and the team he assembled that was so crucial to Vanguard’s success. Tell us a little bit about how this, you know, 1927 Yankees came together. ELLIS: Great question. First, Jack was a man with a mission. And if you spent time with him, you could be infected with that sense of mission and purpose. And if that rang the bell for what you wanted to do with your working career, it was almost magic because there wasn’t very much competition from other people doing things in the investment world. Secondly, this was a man of tremendous conviction about what was going to be the right thing to do. Sometimes that worked very much at the advantage of Vanguard. There were some times when it worked just the other way and it was a real negative, but decisive. Whichever way, it was characteristic of Jack. As a personality, he could put on the charm in a way in which almost anybody would melt. And then, of course, there were hard-hitting times when he was absolutely determined that everybody was going to do this or that. You were already onboard and you sort of say, well, you take the good with the bad, we can work this one out, so on and so on. RITHOLTZ: Really interesting. Tell us a little bit about Jack Brennan, the man who succeeded Bogle as the second CEO of Vanguard. He’s really quite a fascinating character. ELLIS: Well, he had a terrific impact. And if you look at the impact in terms of assets under management, what Bogle did in his time, Brennan did 10 times as much in his time — RITHOLTZ: Wow. ELLIS: — 10 times as much. And he did it by putting together a team of other people, empowering them to be strong and effective of what they were doing. Then it goes back to a couple of different root factors; Boston, Irish, Catholic, training. His dad was told by his guidance counselor in high school, no kid, you’re not going to become a mechanic. You’re going to go to school because you’re too good and too smart to stop your life right at this, graduating from high school. You’re going to college. And that was a breakthrough. And Jack’s father became a consequential banker in the Boston area. But he always stayed clear to his basic roots. Jack Brennan grows up as a son of that kind of straightforward guy, and becomes a very, very straightforward guy himself. The second characteristic is he was a very good athlete, and he was very good at lacrosse in particular. And one day his kids were asking him, well, Dad, were you the highest scorer? He said, that’s not the right question. What do you mean, Dad? They gave him a copy of the Dartmouth Indian, the student newspaper, Brennan 28 assists — RITHOLTZ: Right. ELLIS: — 8 goals. He said it’s not whether you score, it’s whether your team scores. RITHOLTZ: Right. ELLIS: And that’s Jack Brennan all the way through. He’s all about bringing the team forward. As he said himself, being famous is not on my agenda. RITHOLTZ: Right. Right. ELLIS: And it’s very clear. Most people have never heard of Jack Brennan. He’s probably the most important person in the development of Vanguard as an organization. RITHOLTZ: That’s quite a statement. I don’t disagree, but I don’t think most people are aware how he professionalized Vanguard, how he brought in a huge team of people. But he also found all sorts of both cost savings and growth that as good as Bogle was, it was just outside of his expertise. ELLIS: Yeah. And what Jack Bogle always said, I’m a small company guy. And Jack Brennan understood to be the really right Vanguard in the future, you’re going to have to be a big organization. Second, you’re going to have to have a lot of computing power because technology is the secret to keeping costs low, low, low in the long run. Jack Bogle would say over and over again, computers are too damn expensive. And he was right on the day that you buy them, but if you can only think of them as that moment — RITHOLTZ: Right. ELLIS: — you’re not going to be able to get a payoff. If you think of them as going on for 5 years or 10 years and going to use them as tools to bring the cost of the operation down, it’s a completely different answer. And so Jack Brennan was absolutely key to the whole idea of using technology, particularly computers, and moving in advancement to that direction. Second thing is he’s very good at distributing responsibility and hiring in outstanding individuals to do in a quiet way, the things that needed to get done. So shift from one person to a team, and the team has got maybe a dozen key players on it. Then you get something that’s got tremendous capacity to manage a larger and larger organization which Vanguard had to become in order to get the economic power that it has today. RITHOLTZ: Right, to keep driving costs lower. So Brennan and Bogle were very close. Eventually to Brennan’s dismay, the relationship fell apart. Tell us a little bit about that episode. ELLIS: Well, easy analogy would be father and son, older guy, younger guy, Mr. Outside Jack Bogle, Mr. Inside Jack Brennan. So long as that was the working relationship, things were great. But Jack Bogle always thought of Vanguard as my company. And when you have a possessive view like that, you can talk yourself into making serious mistakes. He had agreed with Jim Rabe (ph) way back when that the longest that anybody ought to work at Vanguard would be maybe till 70. So let’s have 70 be our retirement age. They get closer and closer and closer to it, and Jack Bogle said, well, yeah, but it doesn’t apply to the chairman. It doesn’t apply to me. It can’t be really the right thing in the board of director. He said, no, it really is the right thing. In fact, the company has already gone past your skill set. RITHOLTZ: Right. ELLIS: And Jack Brennan has got the skill set, and he’s proving it over and over and over again. We want to make that change in a very clear way. I don’t want to make that change. Then Jack Bogle really, really resisted it. Finally, it turned out he was deeply upset about not having made a fortune the way Ned Johnson had made a fortune at Fidelity. So they gave him a substantial settlement to leave with good behavior and a great opportunity for him to start Bogle Research, which turned out to be a marvelous success for Jack Bogle and for people who are paying attention in that direction, but take him out of the controls position on Vanguard, so it could basically grow in its natural way as a major phenomenon. RITHOLTZ: So let’s talk a little bit about John Neff, another name that made a huge difference early on, doesn’t really get talked about all that much. Tell us what he did and why he was so pivotal to Vanguard’s success. ELLIS: People don’t talk about John Neff today. But in the ‘60s and the ‘70s and the ‘80s, people talked about John Neff because he had the best record of any mutual fund manager in the country. RITHOLTZ: Wow. ELLIS: And you could argue that one of the great managers at Capital Group had an even better record, but Capital broke up the funds into multiple different portfolio managers, so it was not public. But among the public recorded, John Neff had the best performance over the long term. Wow. Does that make a difference when you’re looking at year after year after year after year? With some exceptions sometimes for two or three years, but over any long-term investment, he had the best record of anybody in the investment business. RITHOLTZ: What about Gus Sauter? He was the first chief investment officer at Vanguard Group, highly regarded. Tell us a little bit about his contributions. ELLIS: A terrific quant with a great deal of modesty and a wonderful ability to think things through. And Gus Sauter was critical to development of the ETF business, and critical to the development of the indexing business and the capacity to manage with the quantitative group, substantial fractions of the actively managed portfolios because he could replicate what an active manager might do. And one of his quiet, soft spoken, it’s not about me, it’s about the interesting work that my team is doing; the team builder and just terrific technology understander, who was able to put things together in a way that was really wonderful. RITHOLTZ: You mentioned how important Jack Brennan was. Let’s talk a little bit about Bill McNabb. He was running Vanguard right in the heart of the financial crisis. He’s the one who basically told all the crew members, hey, nobody is getting fired, just get on the phone, speak to the clients, and don’t worry about your jobs. We’re all safe. Tell us a bit about his decision-making and how important he was not just during the financial crisis, but, you know, I think Vanguard was about $800 billion pre crisis. And now, it’s 10x. It’s $8 trillion. Tell us a little bit about what Bill McNabb brought to the table. ELLIS: The secret to Bill McNabb is modesty, competence and discipline. And if you look at how would you understand that, think of him as he was for many, many years, a rower. In crew, there are no fabulous individual performers. It’s all about how the whole group of eight people rose simultaneously to a level of perfection. And if they get it really, really right, perform in a way that you can’t match. And that’s what Bill McNabb was all about, is disciplined, steady, reliable performance. And aw-shucks personality on the outside, but Mr. Trustworthy on the inside, and everybody knew he was the kind of solid citizen that you would like to have your sister marry, or you’d like to have your mother marry, or you’d like to have your daughter marry, one of those things. He’s just Mr. Good guy. And while every other firm in the investment business was cutting costs because the market was down and looked like it was going to go down a lot, he said, no, we’re not going to cut costs at all. Nobody is losing their job. We’re all going to stay here together because the number of customers is not going down. It’s just that the profitability of the business is going down, and we are not a profit-minded organization. We’re a service-minded organization. We’re all about the customers because they are owners, that we’re going to stay right steady on through. And that made a terrific impact internally. But of course, it also meant that they had a wonderfully strong organization coming out of the financial crisis and that was a big help too. RITHOLTZ: Yeah, perfectly positioned. Tell us about Charlie Root, what was his role as an advisor and a board member. ELLIS: He was the head of the major actuarial consulting firm in Philadelphia, very disciplined thinker, and an organizationally-minded person, and one of those people that you’d love to have as a director of your corporation. Unfortunately, shortly after some of the most important decisions, he was cleaning out the gutters in his home and the ladder he had climbed up to the gutters on, started to slip a little bit to the side. RITHOLTZ: Uh-oh. ELLIS: And I’m afraid that has caused his death. And it was a real loss to Vanguard and a real loss to the Philadelphia community. RITHOLTZ: There’s one person I really have to ask about and that’s you. You were a director of Vanguard for over a decade. You were a strategy consultant. Tell us about how you felt your role was and what your contributions were during that era. ELLIS: In all fairness, I have to feel — RITHOLTZ: Look at you, you’re blushing. I can’t believe this. ELLIS: I really enjoyed being a director. We didn’t get paid very much. I have to admit the food that we were served at meals was really pretty crummy. But it was all part of the keep the cost down, keep the cost down attitude. Management was so candid and so open with us as directors. It was a privilege to be working with them. And it didn’t hurt that I was sitting side by side with Burt Malkiel, who is one of those outstanding people in the investments world. And Burt has just turned 90. RITHOLTZ: Wow. ELLIS: And his great book, A Random Walk Down Wall Street, has just come out with a new, very considerably updated version. And to sit with him and to realize, on item after item after item, Burton and I agreed, Burton and I agreed, Burton and I agreed. So it was a wonderful privilege and opportunity to be able to be candid, direct, blunt spoken, and to have a really capable guy sitting right beside you, I think you’re on the right track, keep going, keep going. And to have a management team that was so glad to hear what we had to say, even when it might be really in disagreement with them or might be slightly in disagreement with them, they’d love to having the candor coming from the outside. RITHOLTZ: Let’s talk a little bit about the current state of Vanguard. But I have to preface it with Jack Bogle’s CMH, not EMH, not the efficient market hypothesis, but the costs matter hypothesis, which really dates back to his Princeton thesis. It wasn’t so much about active versus passive, it was about expensive versus inexpensive. Tell us a little bit about how that impacted the development at Vanguard. ELLIS: First, you got to understand that Jack Bogle was a master of the personality franchise development business. When nobody else gave a damn about becoming clearly identified in a very specific way, Jack cared greatly about that. And it goes back to when he likes to tell the story on himself, at least did tell the story on himself whether he likes it or not. When he was in school, he came in second in his academic performance. And he went around to each one of his teachers, pleading with them to really examine and modify his grade so he could come in first. He wanted to be the valedictorian, not the salutatorian. Now, why would he care so much about that? It is not the be all and end all of the world. It’s because of his personality. Something deep inside him drove him to always enhance things, make things look better, make things look better, make things look better. And so all the way through the story of Vanguard, you’ll find Jack Bogle doing things or saying things to make the record look much more positive about what he contributed than the reality. And one of the awkwardness is the franchise building was done so beautifully, so consistently, so skillfully by a master of that craft, that it’s still 20 years later, 30 years later, carries on. And most people if you ask them, when you think of Vanguard, who do you think of? Bang, they’ve got it. Well, Jack Bogle was terribly important to the starting. Nobody could have started the organization without being Jack Bogle, partly angry, partly talent, partly skills of various particular characteristics, one of which was building the personal franchise. Nobody could have started Vanguard. But if Jack Bogle had stayed in control, it would never have become the organization it is today. It would be substantially smaller. It would be deeply outclassed by people who use automation to make their offering a better and more effective proposition. And we wouldn’t see the Vanguard that’s been developed since then. RITHOLTZ: So let’s talk a little bit about that Vanguard, very huge in ETFs, big overseas investing, lots of other things that Vanguard and Bogle didn’t see eye to eye about. How often did the company disagree with its founder? ELLIS: Interesting question, and I’m not sure I could do it in terms of numerical quantitative. But if you look back the concepts that Jack Bogle really believed in, computers, he thought were terribly expensive. That would have been a stopper today. RITHOLTZ: Real, for sure. ELLIS: He couldn’t do it. RITHOLTZ: Right. He really believed in he’s making the decisions. It’s too complicated of a business. There are too many things going on. There are too many different responsibilities for one person to do all of the decision-making. If you look at Vanguard today, you’re looking at a substantial organization that’s going through a substantial transformation towards becoming more of an effective organization, at serving clients’ interests, and doing a better and better job for the people who are already the investor-owners of Vanguard. So they are not making a major commitment internationally. They are not spending a lot of money to build a future business. In other countries, they’re looking for places where the resistance by the banking establishment or the financial establishment in those different countries is more open to non-local competition. But it’s hard to find, very hard to find. They’ve made some changes that we’re keeping up with the times. They’ve got a substantial institutional business. If you’re in the investment business as an institution, you really want to know something about private equity. If Vanguard doesn’t have private equity, that’s going to take them out of the running. So they’ve developed a really interesting joint venture, where they’re able to get access to a very competent private equity investment organization at a very controlled cost. They’re not aiming to be the very best, but second quartile of performance on a reliable basis, with broadly diversified capability. Okay, that will work very nicely. They’re doing the same sort of a change in going towards more and more advice. And anybody who has been in the investment management business, as you have been, looking back on things, you can tell almost everybody would be well-advised to have been more a long-term investor, make fewer choices and decisions, figure out what’s really right for you. And at the same time, you’d recognize that every individual is unique. Nobody is exactly the same. Now, if you look at personality, for example, your eyeglasses, I wear eyeglasses; your shoe size, my shoe size; your shirt sizes, color, size, sleeve length. Pretty soon you realize Barry’s clothes are different from mine because Barry is different from me. And he ought to wear the clothes that are right for him, and I want to wear the clothes that are more right for me. I might get advice from my wife or something on what to wear, but we’re two different guys. RITHOLTZ: We’re actually dressed shockingly similarly with our collared shirts and a blue sweater on top. But doesn’t that kind of raise the point of, well, everybody is different. But everybody needs to save for retirement to pay for their kids’ college, to leave something to the next generation. It shouldn’t vary radically. The broad strokes should all be fairly similar, shouldn’t they? ELLIS: In terms of the macro proposition, you’re exactly right. But everybody is different from everybody else in age, income, wealth, attitude towards life, how many years you want to keep working, things like risk tolerance. RITHOLTZ: Sure. ELLIS: Everybody differs. So it turns out that almost everybody is specifically individually themselves different from somebody else, specifically individually themselves. And as a result, advice to individuals is increasingly obviously a useful part of the total investment proposition. And Vanguard is moving in that direction, and capable probably of more power in a direction that anybody would ever understand or estimate. RITHOLTZ: I read a crazy statistic somewhere, I don’t recall if it was in the book or elsewhere, in the state of Pennsylvania, the certified financial planners, something like 96% of them in the state work for Vanguard. That’s just a crazy number as they’ve pushed into the advisory business and hiring all of these CFPs. ELLIS: They’ve made a major commitment to serving the investor with what they really need. And most people really ought to have a good investment plan, but they don’t. Most people ought to have a clear definition of their long-term purpose as investors, other than I want to do better than the market, or I want to do at least as well as the market, or I want to do well or something vague and general like that. Very hard to get people to be very specific about what do they really, really want to do and why. And if you’ve got a good advisor, you can do a lot to improve on your results by figuring out together, what makes sense to you that’s available in the marketplace, and making the right decisions of what’s available and realistic as opposed to dreams that may or may not come true. RITHOLTZ: So let’s talk about two areas that are a little controversial. One is the thought that as indexing became more and more appealing and attracted more and more assets, Jack Bogle was a little concerned about oligopoly, about potential any trust issues. At what size is passive or indexing too large? ELLIS: I think it’s a wonderful question. But if you don’t mind, I’m going to say it’s the wrong question. RITHOLTZ: Okay. ELLIS: The right question is when will active investors say to themselves, as the professionals, the people who are making their living as active investors, say to themselves, I think I’m going to get a different career? I think I’m going to leave this business and go in a different direction. At what age will they say to their children, look, it was okay for me in my time, but it’s not a good place for you. Don’t do it, don’t do it. At what point are you going to see fewer people taking courses on investment management at business schools? We’re nowhere near that. RITHOLTZ: Right. ELLIS: We’re putting more people through the learning process of how to be pretty damn good as an analyst through business school courses, and then out into the industry that are coming out of the industry through retirement. And that’s where the market is really controlled for market efficiency, or correct pricing. There’s really smart people. If you go back 50 years ago, there were a small number of people who made their living as analysts, and a small number of people made their living as portfolio managers, maybe as many as 500 people in the world. And today, it’s somewhere between one and a half and 2 million people. RITHOLTZ: Wow. ELLIS: That’s a big change, and there have been lots of other changes. The one that I think is the most powerful, here we are at Bloomberg Radio, think about how many people own a terminal, a Bloomberg terminal that will give you any answer to any question you ever want to ask for the rest of your life within seconds. RITHOLTZ: It’s all data and technology. ELLIS: It’s all over the place. Everybody has computing power in their pocket that is much as a 360, which was IBM’s magical power force 50 years ago. And everybody has access to the Internet and it’s instantaneous communication worldwide. And thank goodness, we speak the English language because that’s the language of investing worldwide. But it means that there’s a huge transformation that’s taking place, and it has made the markets more and more skillful at finding the right price. But makes it harder for active managers. And as you and I’ve talked about before, active managers underperform the chosen segment of the market they went after. And now, we’re somewhere between 85% and 90% of active managers fall short of their intention. And when they fall short, they often get desperate and fall very short by Hail Mary passes and other kinds of dramatic efforts. RITHOLTZ: The paradox of skill is the better the professionals get; it becomes increasingly harder to even beat the market. So that’s quite fascinating. One other question that’s a little controversial, we’ve seen some pushback to ESG, environmental, social, governance investing and the voting of proxies. How does an entity like Vanguard manage these issues on behalf of their huge 30 million clients and their $8 trillion in assets? ELLIS: Very simple. They do what you would like to. If you were a corporate executive, what would you like to have your shareholders do? Pay attention to the votes, be quite consistent about always voting. And as you know, most people don’t vote at all. And then many institutional investors say, it’s not our decision to make because we’re on behalf of others. So your very best client, if you’re a corporate executive, best shareholder is to be somebody who is in it for the long run. And if you’re a Vanguard and indexing, you’re in it permanently for the long, long, long run, cares about certain basic principles and they do, and they advertise what those principles are. For example, they believe that a board of directors should have an incentive in the company stock. They’re very strong to have diversification of personality and background. Okay, fine. Those are pretty much straightforward things. Nobody would have any trouble with that. Yeah. And they’re very much in favor of certain kinds of incentives, but not others. And most people look at and say, yeah, those are the right things to be in favor of. So it’s one after another after another items where Vanguard and State Street, and BlackRock are all three in agreement, basically, that good governance is an important characteristic of a board of directors, and they really want to see that going. What is it that you wouldn’t like about the way in which the voting is done? It’s a terrifically powerful answer. What wouldn’t you like? And there is nothing that you wouldn’t like. Now, is it possible that a group could quietly somehow skillfully get together and agree, let’s do something that’s really not going to be right for our investors? Yeah, you could say mechanically, it’s possible. But there’s Canada for an example, it’s a country right next to one of the most powerful military organization, nations in the world. Are the Canadians afraid the Americans are going to attack again? Of course not. In fact, we cooperate in our activities. RITHOLTZ: Right. ELLIS: Yeah. Okay. What would happen if somebody at any one of the indexing leaders were to do something that was not quite Boy Scout/Girl Scout right down the line? They get called out. I think they’d called out. Would it be the newspapers? Yes. Would it be on Bloomberg Radio? Yes. Would you have an interview with somebody who had called them out? Yes. One of those perfectly marvelous situations where you’re forced to do what you damn well want to do. RITHOLTZ: State Street, Vanguard, BlackRock, they all have pretty good businesses. Why would you want to mess with that? Really, really fascinating stuff, Charlie. Let’s jump to some of our favorite questions that we ask all of our guests. And I want to start with the last time I saw you was before the pandemic, what have you been doing during the pandemic? And tell us what what’s been keeping you entertained. ELLIS: Well, part of the entertainment value is that our children, our daughter and her husband and their two kids under 5 have moved into our house. So we’ve had the privilege of watching little kids again, and I have to tell you that is a dream come true. It’s a lot of fun. Second thing is we have an agreement in our family that we’re worried about the children and COVID. So we don’t do very much at all in the way of travel. And I used to be five days a week get on a train into Manhattan — RITHOLTZ: Right. ELLIS: — as a way of doing business. I’ve been in New York City three times in three years. RITHOLTZ: Wow. ELLIS: It’s really something else. And so I’m delighted to be here today. But in our family, I have to drive in, and then turn around and drive back. Then as you know, the traffic is not all that convenient, and so on and so on. But things like that have been distractions. I’ve enjoyed the privilege — Zoom has made a wonderful difference to my life and I’m sure to most other people, the freedom to be able to do repeat messages and communication in a serious way through Zoom. It’s really been terrific. The third thing is I’ve got a real bee in my bonnet that I want to be able to try to be helpful to people. And so doing investment advice is just as easy for me, located where I am. Once you make the communication contact, it works out fine. And I’ve really enjoyed being able to provide some useful investment advice to individuals as we’re going along. And then the third thing is I’ve been quite active in writing. I’ve written for the Financial Times several different pieces and I’ve written a couple of different books. I’ve got three books in the process of coming out. So have I been busy? Yeah, I’ve been busy. RITHOLTZ: So one of the things I always like to ask people is about their mentors who helped shape your career. ELLIS: Well, the most important person probably is Nellie Walsh, my sixth grade school teacher, who called me on the carpet one day and I was terribly surprised because I thought I was doing just the right thing. And she said, you were wrestling with Peter Neely, weren’t you? Well, I was. But that’s because of I couldn’t get him to stop throwing the snowballs with cinders in with the little kids, and he was picking on the little kids and I didn’t think that was fair. And she said, Charles, she never called me Charlie, always Charles, I think more of you, I expect more of you that you would lower yourself to the likes of Peter Neely. You may go. And ever since then, I’ve been held to a higher account, higher standard, higher expectation in every way to be responsive to Nellie Walsh. And more serious, people in the investment world, Joe Lasser, who was the director of Research at Wertheim, a traditional Wall Street firm. He believed deeply in security analysis, and was a very strong advocate of the CFA program. And so he got me in a training group to take the CFA exam as soon as we could. That was an important breakaway time. Another would be Coyler Crum who was a terrific professor of Investment Management at Harvard Business School. I enjoyed very much working with him. You could argue also, Ben Graham and David Dodd because of their wonderful book, Security Analysis, which was the first affirmation of professionalism in the financial analysis and securities pricing industry. And it really made a big difference to me. One of the great privileges of my life was to work, when I was working in Wall Street, and then working for Greenwich Associates for 30 years, working all day, every day with some of the smartest, most capable people in the world. And they were all involved in investment management. And if any one of them competed, all the others competed, and they all wanted to try to find ways to be better. And they’re all willing to tell you any insights that they had. And they’re all willing to provide a chorus of teachers and guidance in terms of what’s going on in investment management. And for me, that’s really the most important single place for learning that I had, and what a privilege all day, every day, is to be with the smartest people in the room, who are trying to figure out investment management. Then when you add it all together, you realize they’re competing with themselves. And they’re not going to be able to beat each other on a systematic and regular basis, voice that make a big difference to your way of thinking. RITHOLTZ: So you mentioned Graham and Dodd, and their books on Security Analysis. Tell us some of your other favorites and what else you’ve been reading more recently. ELLIS: Well, more recently, I have to tell you, I haven’t found a book on investment management that I thought was really compelling. You could argue, no, come on, there is a very recent book. That’s the new edition of an established book, Burton Malkiel’s A Random Walk Down Wall Street. It’s got to be one of the best books that’s ever been written about investment management, and about the markets and how to think about them. A wonderful guy and a wonderful book, and has done so much for so many people. Then if you look at other books that I would like to read, then you tend towards history, biography. and I’m always looking for suggestions of more books to read in that general field because I think you’ll learn so much about the way human beings do things, if you study about them, study about them, and study about them. And so I’m a nut for trying to learn from others. RITHOLTZ: I like the suggestions. What sort of advice would you give to a recent college graduate who is thinking about a career in investment management? ELLIS: Here I have a very strong opinion that you should think very candidly about why you’re interested. We all know for an example, that it’s a very well paid line of work. Most people don’t really appreciate how well paid it is, but it is wonderfully well paid. Secondly, you don’t have to retire at 65. In fact, many people work into their 70s. Many people even work into their 80s. At 85, I’m still working. I have just very wonderful privilege of not having to stop work at some arbitrary date like 65 or 60. Now, that’s a characteristic. When you look at the lifetime compensation of being in the markets all the time and free to pick anytime you want to, to pick a stock individually, that can be for some people, a very attractive characteristic. So if you like to make some substantial financial success, that’s one reason. If that’s your motivation, I think you’re in trouble. Because, yes, of course, you will make a substantial amount of income. But it’s not the most important part of your life. When you get to the end of life and you’re off standing in front of St. Peter at the pearly gates, and he said, well, you had your life, you were very lucky to be born at all. But there you were, and you chose the investment management world. What did you really do during that that you’re proud of? I made a lot of money. That’s not a good answer to a really great question. So be sure that if you’re going into the investment management field, that you know, is it because you want to make a lot of money, or is it because you like the idea of competing all the time with some of the smartest, most hardworking people in the world, which could be a terrific motivator and you could understand, or is it because you want to serve people and help them with what they’re trying to figure out about what they want to accomplish? If you’re the latter group, then you’re going to be in a profession and you will also get paid well, but your compensation will come primarily from being good as a profession. That lasts a lifetime. But you have to be clear about what is your motivation. RITHOLTZ: Really, really very interesting. And our final question, what do you know about the world of finance and investing in Wall Street today that you wish you knew 50 or so years ago? ELLIS: Well, you know, it’s pretty obvious in a way, I wish I’ve understood how much change was going to take place in the investment management activity and field. Computers for an example, when I first got started, there were no computers being used — RITHOLTZ: Wow. ELLIS: — or maybe in the back office, but they were clunky kinds of operations. And the idea that there would be the transformation of information worldwide is available to you instantaneously through Mike Bloomberg’s wonderful invention, the terminal, that the Bloomberg Terminal has transformed the world of information gathering. The Internet has transformed the world of information gathering. And as a consequence, the world of investing is now worldwide. And everybody in the world is competing with everybody else in the world in the investment management fields. So I wish I’ve understood how dramatic a change there would be, because it would make a big difference. If you understood that, you’d have the forces of change working for you and you could have made a completely different transformation of life. RITHOLTZ: Quite fascinating. Charlie, thank you for being so generous with your time. We have been speaking with Charlie Ellis, author of the new book Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing Business. If you enjoy this conversation, be sure and check out any of the previous 475 podcasts we’ve done over the past eight years. You can find those at iTunes, Spotify, YouTube, wherever you get your favorite podcasts from. Be sure and sign up for my daily reading list at ritholtz.com. Follow me on Twitter @ritholtz. You can follow all of the Bloomberg podcasts at podcasts on Twitter. I would be remiss if I did not thank the crack team that helps put these conversations together each week. Justin Milner is my audio engineer. Atika Valbrun is my project manager. Paris Wald is my producer. Sean Russo is my head of Research. I’m Barry Ritholtz. You’ve been listening to Masters in Business on Bloomberg Radio. END   ~~~   The post Transcript: Charlie Ellis appeared first on The Big Picture......»»

Category: blogSource: TheBigPictureDec 30th, 2022

How Netflix has changed the global entertainment industry

Netflix has driven a new market for storytelling with local-language series like "Squid Game" and "Money Heist," and now its business is pivoting again with advertising and other new strategies. Netflix's "Squid Game."Youngkyu Park Dominant streamer Netflix is rewriting the playbook for global entertainment. The company drove other major media conglomerates to launch streaming services of their own. As it faces headwinds, Netflix has launched an ad tier and entered the video game market. Since Netflix began its worldwide expansion in 2016, the streaming service has rewritten the playbook for global entertainment — from TV to film, and, more recently, video games.Hollywood used to export most global hit series and movies. Now, thanks to Netflix's investments in international TV and film, programming like South Korea's "Squid Game," Spain's "Money Heist," and France's "Lupin" are finding massive audiences around the world. And its English-language original series, such as Shonda Rhimes' "Bridgerton," Ryan Murphy's "Dahmer" and Tim Burton's "Wednesday," have continued to break Netflix's internal streaming viewership records. But the streamer is in the midst of a reality check, epitomized by its first quarterly subscriber loss in a decade, hundreds in layoffs in 2022, a halved stock price and the sense among employees that Netflix's famed corporate culture has soured somewhat. The squeeze has led the company to look more closely at new avenues for revenue and subscriber gains, such as an ad-supported version of the platform — which it had long dismissed — and a pending crackdown on password sharing. Still, Netflix's impact on the global TV industry is undeniable.How Netflix disrupted the global TV industryThe streamer figured out that to thrive on an international stage it needed both US mass-market programming like "Stranger Things" as well as local content that could win over viewers in specific markets (and produce breakout hits).The strategy helped the streaming service grow its customer base to 214 million global paid subscribers, as of September.Its momentum also reinvigorated production in places like Germany, Mexico, and India, as companies like Amazon, Disney, WarnerMedia, and Apple follow Netflix's lead. More on Netflix's effect on global TV:Netflix's 'Squid Game' is part of a robust international TV strategy that's far ahead of rivals10 reasons 'Squid Game' became a global phenomenon, according to a Netflix marketing execInternational TV producers describe how streaming competition is changing their marketsNetflix's Mark Millar plans to build a streaming superhero universe starting with 'Jupiter's Legacy'Data shows Netflix is leaning into international TV shows in its upcoming projectsHow to sell a show to Netflix with the help of an easily digestible pitch documentA Netflix slide deck shows how it's trying to fix lofty problems in personalizationThe streamer's executive team was rebuilt with a global focusIn recent years, Netflix reoriented its leadership around its new global model.The streaming company, cofounded by tech entrepreneur Reed Hastings, promoted content chief Ted Sarandos to co-CEO in 2020, which cemented the status of content within the organization.Meanwhile, Bela Bajaria, who had been in charge of international non-English TV, took the reins of the overall TV business, and product chief Greg Peters took on additional duties as COO, including streamlining how global teams work together. Peters also hired a new talent chief with international experience, former PepsiCo executive Sergio Ezama, to lead Netflix's global workforce.The company also formed an elite team of 23 interdisciplinary execs to help make its biggest decisions. Known internally as the "Lstaff" — the "L" stands for leadership — the group sits between the company's officers and its larger executive corps of vice presidents and above, who are called the "Estaff."After announcing in the spring that it would explore introducing a cheaper ad-supporter tier to help combat slowing subscriber growth, Netflix in August brought on board Snap executives Jeremi Gorman and Peter Naylor to lead its new ad sales business. The pivot in focus to the ads space has meant a higher profile for Peters, who keeps a low profile but has been speculated to be a contender for CEO, should Hastings and Sarandos consider a succession plan.More on Netflix's corporate structure:Meet the Netflix exec who's leading its disruptive new ads business strategy — and could be CEO one dayNetflix org chart: The 71 most powerful people at the streamer and who they report toThe top HR execs at Hollywood companies like Netflix and NBCUThe top data science execs at Netflix, Disney, WarnerMedia, and more Hollywood companiesNetflix salaries revealed: How much engineers, marketers, content execs, and others get paidNetflix has seen its first wide layoffs, though it continues to growThe corporate restructuring hasn't been without obstacles. The company in April laid off 25 full-time staffers in its marketing department, which included the dismissal of some writers at recently launched fan site Tudum, followed by another 150 cuts in May and the elimination of 30 animation jobs in September. Layoffs for the year have impacted at least 450 full-time Netflix staffers and dozens of contractors as the broader media and entertainment space grapples with a bear market.Still, the company's growth has generally made it a desirable place to work in recent years, despite some tests its corporate culture has faced. Public US work-visa data shows that Netflix, which says its pays staffers "market value," has offered six-figure annual base salaries for lots of roles in engineering, content, marketing, finance, and more.More on Netflix's business model and corporate culture: Netflix insiders describe a culture shift to 'fear-based' decision making, execs stretched thin, and belt tightening amid layoffs and subscriber lossesNetflix insiders reveal 'contentious' debates over how data drives creative decisions, and why beloved series don't always get renewedNetflix says password sharing is hurting growth as it loses subscribers for the first time in a decadeWhat Netflix's sudden embrace of ads could mean for its brand dealsNetflix spending cuts fuel fears that its golden creative age is overNetflix lays off Tudum writers months after 'aggressively' recruiting them for new fan siteNetflix's next frontiers include advertising and gamingNetflix is facing more competition than ever from an influx of rivals that are learning to play its game.Nearly every major media company, from Disney to Apple to Warner Bros. Discovery, now runs a streaming service. Their platforms are stockpiled with tentpole movies and TV shows that used to only be found in theaters or on linear TV, and their libraries now rival Netflix's, particularly as they claw back programming that had been previously licensed to Netflix.The competition is pushing the streaming giant to keep evolving.Netflix has expanded into podcasting and started peddling merchandise for series like "Squid Game" and "The Witcher." The streamer's new ad tier launched in the U.S. in November for $6.99 a month, a steep discount to its ad-free standard tier that costs $15.49 a month. Some TV writers were disappointed by the move into ads, with creators worrying that Netflix will take fewer risks on programming in order to please advertisers. The company is also bringing video games into its mobile streaming app.It hired in July 2021 Facebook's former head of Reality Labs, Mike Verdu, as its vice president of game development, and has been hiring for other video-game-related jobs.The streamer plans to approach gaming like it did movies and TV shows. It's starting slowly by commissioning and licensing mobile games, some of which are based on existing franchises like "Stranger Things." It plans to experiment with other kinds of video-game storytelling, as it did with its original series.In May, it plans to release both a game and animated series based off the same franchise, the "Exploding Kittens" card game, which will be a first for the platform."Maybe someday we'll see a game that spawns a film or a series," Peters, the operating and product chief, told investors in July. "That would be an amazing place to get to and really see the rich interplay between these sort of different forms of entertainment."More on Netflix's advertising and gaming ambitions: Netflix is entering a new era with ads. Here's how marketers and brands could influence the programming you see on the streamer.Netflix has launched its ad-supported tier — here's everything we know about how the streaming giant is pitching advertisersWhy Netflix could still win at advertising despite missing campaign viewer targetsI tried Netflix's new mobile video games. They're a work in progress, but lay the groundwork for bigger ambitions.Why Netflix's new video-game strategy will live or die by how well it can create mega movie and TV franchisesNetflix is doubling down on gaming, with dozens of new hires and a dedicated studio, as it chases younger audiences and battles to turn back subscriber lossesRead the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 26th, 2022

Diablo IV impresses with its dark atmosphere and expanded world — here"s how to preorder to get early access to the new RPG

The fourth entry in the Diablo video game franchise hits stores on June 6, 2023. Here's a breakdown of preorder options, along with first impressions. When you buy through our links, Insider may earn an affiliate commission. Learn more.Diablo IV is coming in June 2023.Diablo IV / Activision Blizzard Diablo IV will be released on PC, Xbox, and PlayStation platforms on June 6, 2023. Multiple editions are available for preorder with bonuses like early access to the game. The game feels like a fresh starting point for new and veteran players, with an emphasis on horror. Diablo IV, the next entry in Activision Blizzard's classic role-playing franchise, is set to arrive on June 6, 2023. Blizzard confirmed the game's release date with an announcement at The Game Awards 2022, along with a new trailer.For those unfamiliar, Diablo is an action RPG franchise with an isometric camera and an emphasis on dungeon-crawling. While the game isn't an MMORPG like Blizzard's World of Warcraft, you can encounter other players online in the open world and gamers can team up to play together in small groups.Check out the Diablo 4 trailerDiablo IV will be the first game in the franchise to launch on computers and consoles at the same time and allow cross-platform play. Diablo III was on PC for more than a year before console versions were released and players remained separated by platform throughout the game's lifespan.Diablo IV is set to be one of the largest game launches in years for Blizzard. The previous game in the series managed to amass more than 65 million players over its 10-year lifespan. Activision Blizzard is one of America's largest video game publishers and is currently in the process of being acquired by Microsoft.Below, we've gathered everything you need to know about Diablo IV's upcoming release, including preorder details and a breakdown of what you get with each edition. We've also included some impressions based on an early build of the game we got to play at a media event. Diablo 4 release date and priceDiablo IV will launch on June 6, 2023 for Windows PCs, PlayStation 5, PS4, Xbox Series X/S, and Xbox One. The standard edition costs $70 on each platform.While players can transfer their game progress between consoles, like PlayStation and Xbox, they must purchase the game on each platform they wish to play on. Purchases for Xbox and PlayStation systems includes dual entitlement for both older and current generation consoles.Diablo 4 preorder bonuses, early access, and special editionsDiablo IV / Activision BlizzardPlayers who preorder any version of Diablo IV digitally via Battle.net, the Microsoft Store, or the PlayStation Store will get first access to an open beta before the game's release, and earn in-game rewards for World of Warcraft, Diablo III, and Diablo Immortal.In addition to the standard edition of the game, PC, PlayStation, and Xbox customers can also opt for a Deluxe or Ultimate Edition.  The $90 Deluxe Edition offers up to four days of early access prior to the game's launch, a seasonal battle pass, and special in-game mount and armor. The $100 Ultimate Edition includes the same rewards as the Deluxe Edition, plus 20 free tier skips for the battle pass, a cosmetic, and an additional emote.Beyond the game itself, Blizzard is also selling a limited edition collector's box for $96.66 that includes special items like an electric candle of creation, a cloth map, a mouse pad, two art prints, a pin, and an art book. Keep in mind, however, this package does not include a copy of the actual game. This will only be available from the Blizzard Gear Store, starting December 15.Diablo 4 story detailsDiablo IV is set decades after Diablo III but establishes a new story set in the world of Sanctuary. It focuses on the return of the demon Lilith, one of Sanctuary's creators, and her conflict against Inarius, a rogue angel who helped her create Sanctuary to escape the war between Heaven and Hell.The developers of Diablo IV have said one of their primary goals was to return to the franchise's roots of darkness and horror. As a result, the game has a greater emphasis on cinematic storytelling and building a haunting environment.Diablo 4 multiplayer and cloud-save featuresDiablo IV will feature online multiplayer as well as offline cooperative play for players on Xbox and PlayStation. Diablo IV can connect between platforms, so players on PC, PlayStation, and Xbox should have no issues playing together.You can encounter dozens of other players while exploring the game online, or team up with a group of friends to progress through story missions and dungeons. Cooperative play is typically designed for up to four players, but major events can allow up to eight players to team up. A Battle.net account is required for online play, but will also provide cloud saves, so you can transfer your progress between different platforms.Diablo 4 first-look impressionsDiablo IV / Activision BlizzardWe got to try the first few hours of Diablo IV during a hands-on media event. We have some light experience playing Diablo II and III, so the gameplay immediately felt familiar on PC, letting us guide our character through the overworld of Sanctuary while fighting enemies and exploring early-game dungeons, all with a few clicks of the mouse.Players can choose between one of five classes: druid, rogue, sorceress, barbarian, and necromancer (though necromancer and druid were unavailable in the hands-on test). While there is a core campaign with clear-cut missions, players are also encouraged to adventure to unknown areas for rare rewards and side quests. As players progress, the content shifts from pre-planned story set-pieces to more challenging, procedurally-generated contentBeyond the obvious improvements to graphics, we immediately noticed some key changes in presentation compared to the series' previous games. There are more cutscenes to help immerse players in the world as soon as the game starts, and the entire atmosphere feels significantly darker and more threatening than the setting of Diablo III.While we didn't get to try much multiplayer, we were thoroughly impressed with our short time spent exploring Sanctuary and becoming familiar with the game's larger overworld. So far, Diablo IV feels like a great starting point for players who are new to the franchise, and veteran players should also feel right at home.Diablo games are designed to continue challenging players for hundreds of hours after the story is completed, and Diablo IV should be no different with Blizzard promising years worth of support and updates. With cross-platform play, Diablo IV is assured to have a vibrant online community; that along with the revamped story campaign should make the game well worth buying at launch.Read the original article on Business Insider.....»»

Category: personnelSource: nytDec 14th, 2022

Activision Blizzard"s (ATVI) See You in Hell Out for Pre-Booking

Activision Blizzard???s (ATVI) Diablo IV expansion, See You in Hell has been made available for pre-booking. Activision Blizzard ATVI recently announced that the expansion of Diablo IV, See You in Hell, which is releasing on Jun 6, 2023, is available for pre-booking of its standard, deluxe and ultimate editions.The game introduces the players to the darkest and the most expansive vision of Sanctuary as the demon Lilith and the angel Inarius, who had once united to escape the eternal conflict between heaven and hell, have now become bitter enemies and have raged war against each other.The title will support cross-play and cross-progression across platforms such as Windows PC, Xbox Series X|S, Xbox One, PlayStation 5 and PlayStation 4, and will also engage in live service and provide ongoing storytelling.Diablo has been one of the most popular gaming franchises in gaming history with Diablo III being its best seller with over 65 million copies sold. Besides, Diablo Immortal released on Jun 2 had the most successful launch in franchise history, with over ten million downloads within the first week.It is expected that the trend of excitement and appreciation for the Diablo series will continue and the new expansion will not just draw existing but also new players to the game and boost its top line.Activision Blizzard Adds Strength to Its Gaming PortfolioAlong with Blizzard, it is being seen that Activision too has been focusing on its gaming content and receiving traction from players for its recent and upcoming games.Call of Duty: Modern Warfare II, which was released on Oct 28, broke franchise records as it crossed $1 billion in worldwide sales in the first ten days. The player engagement was over 200 million hours and over 1 billion matches across PlayStation, Xbox and PC platforms.It is also launching Call of Duty: Warzone Mobile in 2023, a free-to-play battle royale mobile game, which already has 20 million players pre-registered on Google Play.Activision recently also announced a new game, Crash Team Rumble, which will be a four-versus-four team-based online multiplayer game slated to be released in 2023 on PC, PS5, PS4, Xbox Series, and Xbox One. Activision Blizzard, Inc Price and Consensus  Activision Blizzard, Inc price-consensus-chart | Activision Blizzard, Inc Quote However, it is feared that the expected success of the company through its line-up of games may be offset by the blow that has been hailed at Blizzard as it failed to extend its 14-year licensing agreement with local firm NetEase NTES.NetEase has been a developer and operator of Blizzard’s games in China and the expiration of the contract would compel Blizzard to suspend its services from China, which was a huge market for the company.Besides this, Activision’s deal of being acquired by Microsoft has been facing great repercussions as the FTC has recently sued the latter to block the deal.Nevertheless, shares of Activision Blizzard have gained 12.4% year to date against the Zacks Consumer Discretionary Sector, which fell 34.3%. Activision Blizzard to Face CompetitionThough this Zacks Rank #2 (Buy) company is strengthening its gaming pipeline, it still faces tough competition from competitors like Electronic Arts EA and Take-Two Interactive TTWO.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Shares of Electronic Arts have declined 4.3% year to date. However, in second-quarter fiscal 2023, its net bookings were up 4% year over year, which is further expected to bolster with the release of Dead Space and Wild Hearts in 2023.Shares of Take-Two have declined 43.2% year to date. The company has recently launched Marvel's Midnight Suns, which could add to its top line. It expects fiscal 2023 revenues to jump 73.3% year over year.  Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Activision Blizzard, Inc (ATVI): Free Stock Analysis Report TakeTwo Interactive Software, Inc. (TTWO): Free Stock Analysis Report NetEase, Inc. (NTES): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 9th, 2022

50 Harry Potter gifts that will bewitch any Potterhead

These gift ideas for your favorite wizards, witches, and muggles will impress even the most die-hard "Harry Potter" fans you know. When you buy through our links, Insider may earn an affiliate commission. Learn more.These gift ideas for your favorite wizards, witches, and muggles will impress even the most die-hard "Harry Potter" fans you know.Fossil; AmazonYou've made your list, checked it twice, and realized one or more people you're shopping for this year is a Potterhead. The good news is, "Harry Potter" gifts are plentiful in 2022, with every brand fighting for a chance to collaborate with the franchise. But then there's so much memorabilia, it's hard to narrow down which items to gift now (and which to save for their birthday). Ahead, we're rounding up some of the best "Harry Potter" gifts on the market. From a behind-the-scenes look at the wizarding world to clothing riddled with their favorite magical house's crest, there's something for every fan, muggle or otherwise.A gold watch decorated with the house crestsFossilFossil x Harry Potter™ Limited Edition Hogwarts™ Bracelet Watch, available at Nordstrom, Macy's, and Fossil, from $495Morning, noon, or night, there's always time for a little magic, and clearly, Fossil agrees. The limited-edition bracelet watch has been constructed from goldtone stainless steel, and its face showcases the crest of each Hogwarts house. It also features a three-hand movement lightning bolt and a date window to ensure your lucky recipient is always on schedule for their muggle obligations.An enchanting makeup paletteColourPopColourPop Harry Potter Back to Hogwarts Pressed Powder Palette, available at ColourPop, $30Colourpop's latest collab was made for the "Harry Potter" fan on your list who is equally as obsessed with makeup. The mega palette features 24 enchanting shades, each of which has been cleverly named in reference to the beloved series. The best part: The entire collection of matte, metallic, matte sparkle, pressed glitter, and Super Shock tie-dye pans is 100% vegan-friendly, so anyone and everyone can enjoy its magic.4 pairs of socks with Hogwarts designsNordstromCufflinks, INC. Assorted 4-Pack Harry Potter Socks Gift Box, available at Nordstrom, Macy's, and Cufflinks, INC., from $49.99Unsure of their Hogwarts house, or gifting a Potterhead who's decided to keep things neutral? This four-pack of calf-length socks represents all four of the magical houses, so they can pick and choose their pairs, depending on what vibe (or color palette) they're feeling that day.Engraved cooking utensils to make magic in the kitchenAmazonDaceStar Magic Wooden Spoons, available at Amazon, $17.99Whether they're cooking up meals or potions, a witch or wizard requires the right tools to garner the right results. This wooden spoon set should help, as it consists of five engraved bamboo utensils that are easy to clean and use.A BTS look at the wizarding world from Draco Malfoy's perspectiveAmazon"Beyond the Wand" by Tom Felton, available at Amazon, Barnes & Noble, and Target, from $18.472022 has served up a lot of behind-the-scenes looks at the wonderful wizarding world of Harry Potter. First, the HBO 20th anniversary reunion special gave us all the warm and fuzzy nostalgic feels, and now this autobiography from Tom Felton gives us another glimpse "beyond the wand," through the lens of the actor you may recognize as the insufferable bully Draco Malfoy. Similar to the series, Felton's is a book Potterheads (Slytherin or not) won't want to put down.Bangles that speak to the emotional moments of the storyAlex and AniAlex and Ani Harry Potter™ 'Always' Charm Bangles (Set of 5), available at Alex and Ani, $90Alex and Ani added a few more fantastical accessories to its "Harry Potter" collection, including a multitude of bangles sets that are so gorgeous and so endearingly nostalgic, it was very hard to choose just one. This stack in particular pays homage to Professor Snape's unconditional affection for Lily Potter via bangles and beaded bracelets, all adorned with charms. Character ornaments to adorn their treePB TeenPB Teen Harry Potter Plush Ornaments, available at PB Teen, from $19Christmas tree ornaments are a classic gift, and these plushies from PB Teen are too cute. They currently come in four character options — Harry, Ron, Hermione, and Draco — and you can buy individuals or splurge on the set. A Potterhead arts and crafts projectAmazonDiamond Art Club Harry Potter vs. Voldemort, available at Diamond Art Club and Amazon, $69.99Crafting types are sure to lose themselves in this diamond painting of Harry and Voldemort's last battle. The kit includes everything they need to transform this canvas into a movie poster, from the hundreds of sparkling resin rhinestones that will bring color to the washed-out image, to the adhesive that keeps it all together.A Phoenix planter for fans with a green thumbPB TeenPB Teen Harry Potter™ Phoenix Hanging Planter, available at PB Teen, $229PB Teen is a gold mine of Harry Potter-inspired decor, and this stunning Phoenix Hanging Planter is by far one of the best pieces in the collection. The gilded decoration has a vintage aesthetic and is reminiscent of Dumbledor's loyal companion. We love it as a planter, but it would also make for a stunning piece of decor sans greenery, as well.  A Hogwarts-tagged accessory to keep their head warmLove Your MelonLove Your Melon Harry Potter Hogwarts Black Speckled Pom Beanie, available at Love Your Melon, $55Love Your Melon donates 50% of all its proceeds to nonprofit organizations fighting pediatric cancer, so if you were thinking of treating someone you love to a beanie this year, consider making a purchase from this charitable brand. This "Harry Potter"-inspired accessory is an especially great pick for witches, warlocks, and muggles alike. Details worth highlighting include its speckled design and a leather patch with the Hogwarts crest debossed in gold foil, as well as its detachable black faux fur pom.A Harry Potter journal/planner to jot down the magical and mundane to-dosAmazonConquest Journal Harry Potter Time is of The Essence Undated Spiral Planner, available at Amazon, Target, and Conquest Journal, $24.99Organization aficionados will love these "Harry Potter"-themed planners from Conquest Journals. All are individually themed and undated, so they can start scheduling at any time of the year. Calendars also feature fun details, like character birthdays and potions written in the margins, and come with stickers for additional decoration.A collectible character figureAmazonFunko 6" Rubeus Hagrid, available at Funko, Hot Topic, Walmart and Amazon, from $16.65Harry himself said it best, "There's no Hogwarts without you, Hagrid." Funko's Rubeus Hagrid collectible is the perfect gift for fans of the series's gentle giant. Though note, the cartoonish figure stands 6 inches tall, as opposed to the bookish Hagrid's 8 ft 6-inch stature.A cozy sweatshirt calling out the series's most fantastical botanicalsSoftTouchApparelUs/EtsyLizbethStoreFL Herbology Plants Sweatshirt, available at Etsy, from $24.49Etsy has some of the best pop culture-specific sweats, including this Herbology-inspired sweatshirt. Simply choose their size and the color (options include everything from Black to Irish Green). It's also worth noting that the cotton crewneck is unisex, so it's an awesome option for virtually anyone on your list.A pair of glasses inspired by Harry Potter's spectaclesDIFF EyewearDIFF Eyewear Harry Potter Chosen One Glasses, available at DIFF Eyewear, Nordstrom, and Amazon, from $55Another unique "Harry Potter" gift idea are the Chosen One specs from Diff Eyewear. The pair comes in black fog sunglasses and blue light lenses, both of which have symbols of a lightning bolt and golden snitch on their temple tips. The glasses also come packaged in a tri-fold case decorated with the Hogwarts crest which is ideal for safekeeping when the glasses are not in use. A fan-favorite card game with a magical twistTargetUNO Harry Potter Themed Card Game, available at Amazon, Walmart, Macy's, and Target, from $5.99Don't worry, you don't have to be up on "Harry Potter" trivia to play against your favorite Potterhead(s). The wizarding version follows the same gameplay as Basic UNO, but the cards are much more magical, with images of everyone's favorite magic folk on each one.Hand-poured candles that capture the essence of each HousePB TeenPB Teen Harry Potter Scented Candle, available at PB Teen, $19.99Are they a bright and sharp Ravenclaw (notes of grapefruit, spicy pink pepper, white musk) or perhaps a warm and gallant Gryffindor (bergamot, leather, sandalwood)? If you're not sure what their House is, you can't go wrong with the Hogwarts scent, which smells like an enchanting forest. A luxurious set of pajamas for their Hogwarts housePB TeenHarry Potter Gryffindor House Pajama Set, available at PB Teen, $99They may not have a sleeping charm to lull them off to bed, but these pajamas are the next best thing to magic. Each set boasts a luxurious feel for a great night's rest, plus the crest and colors of each Hogwarts house: Gryffindor, Slytherin, Ravenclaw, Hufflepuff.An apron for all sorts of kitchen shenanigansAmazonSara Nell Kitchen Apron, available at Amazon, $14.59This cheeky apron is the perfect accessory to keep their clothes safe as they attempt to whip up pumpkin pasties, yorkshire pudding, or any of the other magical dishes from the series they've been wanting to create. Pair this with a Harry Potter-inspired cookbook for the ultimate gift for your favorite Potterhead with a passion for cooking.A baking cookbook to host a Great Feast of their ownAmazon"The Official Harry Potter Baking Book" by Joanna Farrow, available at Amazon, Bookshop, and Barnes & Noble, from $13.98For bakers with a penchant for Potter and the Wizarding World, gift them this cookbook. It has 43 unique sweet and savory recipes inspired by the Harry Potter universe. There are gluten-free, vegan, and vegetarian options too, so there's truly a treat in here for every type of Potterhead.A tie inspired by the seriesNordstromHarry Potter Golden Snitch Silk Tie, available at Nordstrom, Saks Fifth Avenue, and Neiman Marcus, from $58Any outfit gets a charming touch with this Potter-inspired tie. To the untrained eye, this looks like any other tie, which makes it all the more magical.An HP coloring book to let their imagination run wildBarnes & NobleHarry Potter Coloring Book, available at Amazon, Target, and Barnes & Noble, from $13.51Part of what makes the Wizarding World so enticing is that it offers a reprieve from reality. In a small way, this coloring book can do just that, with pages of magical creatures, iconic scenes, and notable landmarks from the films just waiting to be infused with color and creativity.A Harry Potter-inspired nameplate necklaceDkmnSilverAndGold/EtsyDkmn Silver and Gold Harry Potter Font Nameplate Necklace, available at Etsy, from $21.60You're a wizard, insert name in iconic Harry Potter font here.A pin that could've been designed by Hagrid himselfThePocketeers/EtsyThePocketeers Happee Birthdae Brooch, available at Etsy, $9.99When your baking skills are lacking but you still want to show you care, this version of Hagrid's heartfelt homemade gift should do the trick. A set of cookie cutters for your favorite house elf who loves to bakeWilliams SonomaHarry Potter Cookie Cutter Set, available at Williams Sonoma, $29.95These cookie cutters (or biscuit cutters if you're Professor McGonagall) let them bake up some of their favorite Potter icons like Hedwig, a Nimbus 3000, a Golden Snitch, and more. They'll want to treat their friends to some festive treats during their next "Harry Potter" marathon. As McGonagall says, "Have a biscuit, Potter!"Check out all of Williams Sonoma's "Harry Potter" items here. A disappearing Marauder's Map pillowcase that magically appears with the right lightPB TeenHarry Potter Marauder's Map Pillow Cover, available at PB Teen, $43Turn on your black light to reveal the Marauder's Map, printed on the front and back of this decorative pillow cover. Just don't carry it around your house or dorm — muggles might get suspicious. Makeup brushes for Hogwarts students of every houseAmazonPotter Makeup Brush Set, available at Amazon, $19.99These Hogwarts house-themed makeup brushes will bring a little magic to their wielder's next look. Each five-piece set features an assortment of brushes perfect for doing your eyeshadow or liner. A necklace for your special someoneAlex and AniHarry Potter "After All This Time" Slider Necklace, available at Alex and Ani, $44.40Alex and Ani's slider necklace keeps it simple with two charms on the same loop, making it an easy addition to any look. Perfect for Snape fans, this one will remind your giftee of just how much you care. An illustrated collection of the 'Harry Potter' books to make reading them again feel like a new experienceAmazonHarry Potter The Illustrated Collection (Books 1-3), available at Amazon, Bookshop, Barnes & Noble, from $81.91Perfect for Potterhead parents, this collection of illustrated books is a child's perfect introduction to the series. Parents can read aloud while children marvel at the gorgeous illustrations as they too fall in love with images of Hogwarts, Diagon Alley, Buckbeak, and Dobby. But this boxed set isn't just for kids. It's the perfect gift for someone who would love to see their beloved universe interpreted in a new way in full color.A unique nod to everyone's favorite snarky Sorting HatSally RoseSally Rose Sorting Hat Ceramic Trinket Tray, available at Amazon, Kohl's, and Sally Rose, from $24.99Both practical and eye-catching, this trinket tray is the perfect catch-all for jewelry and other small accessories.A loyal stuffed animal companionBuild-a-BearHedwig with Hogwarts Acceptance Letter, available at Build-a-Bear, $38Surprise them with their own custom Hogwarts acceptance letter personally delivered by Hedwig. This Hedwig Build-a-Bear is an adorable furry friend to keep next to them at night.A Wizard Chess set that won't destroy itself every time you playAmazonHarry Potter Wizard Chess Set, available at Amazon and Barnes & Noble, and from $39.50This might be one instance where I prefer the muggle version to the wizard version. This Wizard Chess set doesn't come with the danger of bodily harm when bishop takes knight. A crafty shaker bottleAmazonHarry Potter Blender Bottle, available at Amazon, Walmart, and Target, from $14.98Use this Harry Potter shaker bottle to magically craft the smoothest protein shakes or smoothies. It holds up to 28 ounces and comes with a blender ball to whisk the ingredients. A monogrammed velvet travel casePB TeenHarry Potter Velvet Train Case, available at PB Teen, $49Stash your travel necessities in this plush train case that makes each trip a magical experience. Even if the destination isn't Hogwarts, this travel case shows off your Hogwarts house with pride and you can stylize it with your name. A blanket to curl up with when your day's mischief has finally been managedAmazonHarry Potter Marauder's Map Tapestry Throw Blanket, available at Amazon, Walmart, and Barnes & Noble, from $28.40Once their mischief has been managed, they'll love getting cozy with this Marauder's Map throw blanket to rest up for their next adventure. It's perfect for just lounging around or for movie marathons on the couch. Accio, popcorn!A build-it-yourself Hogwarts Lego set that muggles will have to do by handLegoHarry Potter Hogwarts Great Hall Lego Set, available at Amazon and Walmart, from $159.99Kids will love this Lego set that lets them build Hogwarts and recreate iconic scenes from the books and films. Plus it features the whole gang from Harry, Ron, and Hermione all the way to Nearly Headless Nick, Professor Quirrell, and the Basilisk. It's rated for ages 9-14, which is just the right age for them to be reading the books for the first time. This is a great pairing for someone just discovering the world of Harry Potter.A Golden Snitch clock that's not hard to findHarry PotterHarry Potter Golden Snitch Clock, available at PB Teen, $39There's a "Snitch in time" joke somewhere in here...A house scarf to keep you warm when you venture out to HogsmeadeAmazonHarry Potter Scarf, available at Amazon, $24.95This scarf is a classic. It's almost an exact replica of the ones the characters wear in the films, and it's one of the basic pieces of Harry Potter memorabilia every fan should own. They can represent their house or remain neutral with a Hogwarts crest version if they just can't come to terms with the fact that they're a Hufflepuff when they've always insisted they were a Slytherin.A magical mug that reveals the Marauder's Map with hot liquidMorphing MugsHarry Potter Morphing Mugs, available at Amazon, $17.49To a muggle, this is just a black coffee mug. But witches and wizards know that once it's full of hot frothy butterbeer, it comes to life to reveal the Marauder's Map. If butterbeer's not their thing, any hot beverage will do — like coffee. Coffee's magic, right? And once they finish their drink, the mug will transform back to black. Mischief Managed.If you want something more classic, you can opt for these mugs that heat change from black to the original covers of the "Harry Potter" books.A coin bank that looks like the wizarding world's most reputable financial institutionTargetFashion Accessory Bazaar Gringotts 9-inch Ceramic Coin Bank, available at Amazon, Target, and Walmart, from $27.99Everyone knows that the best place to stash your cash is Gringotts. This sturdy ceramic coin bank will keep your recipient's loose change away from greedy hands. A set of the Golden Snitch ice moldsWilliams SonomaHarry Potter Snitch Ice Balls set, available at Williams Sonoma, $24.95If your drinks aren't staying cold for long enough, these spellbinding Golden Snitch ice balls do the trick. These oversized ice molds melt slowly so you can enjoy your drink for longer, unlike other muggle ice trays. A set of socks any house elf would love to receiveAmazonHarry Potter Ankle Socks Pack, available at Amazon, $10.49I hope you'll be buying these for every house elf you know. S.P.E.W. thanks you for your generosity.This Expecto Patronum pillow cover that will give you magical dreamsPB TeenHarry Potter Expecto Patronum Pillow Cover, available at PB Teen, $43Keep your bedroom safe from Dementors with this Expecto Patronum pillow cover. Your happy memories will send you off to sweet dreams of Hogwarts and charms class. And if you want to keep muggles unaware of your magical inclinations, the pillow cover reverses to solid blue.A Hogwarts PopSocket grip for muggle communication devicesPopSocketsHarry Potter Hogwarts PopSockets, available at PopSockets, from $12.75Our smartphones might be the closest things we muggles have to magic wands. Think about it: We use them to communicate, have all the knowledge in the world at our fingertips, and even control other devices from afar. Treat their phone like the true magical tool it is by adding some Hogwarts flair with this PopSockets grip.A Time Turner clock that actually spinsHarry PotterHarry Potter Time-Turner Clock, available at PB Teen, $71It 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 appointments. Its functional hourglass on the back can even time study breaks. Don't be late for divination class!"Harry Potter"-themed jewelry too dainty to ever become HorcruxesAlex and AniHarry Potter Deathly Hallows Adjustable Bracelet, available at Alex and Ani, $41.40If they prefer their fandom to take a subtler form, this Deathly Hallows bracelet is a great choice. It's essentially a more delicate and elegant version of the necklace Xenophilius Lovegood wears to Bill and Fleur's wedding. It comes in both silver and gold and it's adjustable so they can perfectly position it as they see fit. Might we suggest wearing it to the next Yule Ball?Check out all of Alex and Ani's other "Harry Potter"-themed jewelry here.A candle that'll transport them to HogsmeadeMidslumber Products/EtsyMidslumber Products Butterbeer Candle, available at Etsy, from $9Bring a touch of the Three Broomsticks Inn to their home with this Butterbeer candle. With notes of caramel, rum, custard, and vanilla, this candle smells as delicious as we'd imagine the iconic drink tastes.A jewelry holder they won't need to go under water to openPB TeenHarry Potter Quidditch Hoops Jewelry Holder, available at PB Teen, $89They can keep their jewelry tangle-free and hidden from any Nargles who might try to swipe them with this Quidditch-inspired jewelry holder.A cookbook that imagines recipes for everything from Pumpkin Juice to Acid PopsAmazonUnofficial Harry Potter Cookbook, available at Amazon and AbeBooks, $9.99Forget the magic, I was always envious of the food in the Harry Potter universe! This cookbook lets them recreate some of the gang's favorite meals, drinks, and sweet treats. It's got all the classics like butterbeer and pumpkin pasties, classic British desserts like treacle tarts, and some deep cuts from the HP universe like lemon drops, the password to Dumbledore's office in "The Chamber of Secrets," and Kreacher's French onion soup from "The Deathly Hallows," the best Harry's ever had. Plus it tells you exactly where in the books to find the references to each food.A spinning toy that any seeker will want to fidget withAmazonGolden Snitch Fidget Spinner, available at Amazon, $9.47Every Harry Potter fan gets the chance to finally catch the Golden Snitch with this identical fidget spinner. The iridescent toy keeps them occupied and entertained with each spin.An invisibility cloakAmazonHarry Potter Invisibility Cloak, available at Amazon, $44.49Every kid who's ever known of Harry's Invisibility Cloak has wanted one of their own. Now they can pair this movie-accurate cloak with an app that actually makes you disappear. Channel your inner Weasley and record your mischief as you float around undetected. Just watch out for Mr. Filch.Read the original article on Business Insider.....»»

Category: worldSource: nytDec 6th, 2022

Electronic Arts" (EA) Need For Speed: Unbound Goes Live

Electronic Arts (EA) releases Need For Speed: Unbound, in collaboration with Criterion Games, for its racing fans. Electronic Arts EA announced that it released Need For Speed: Unbound, which is the latest expansion of its racing franchise, Need For Speed (NFS), in collaboration with Criterion Games.The story of the game revolves around two friends who were unable to stop a robbery at a family auto shop and are now on a journey, uncovering the world of Lakeshore City to win the ultimate street race as they wish to reclaim their stolen car.Criterion Games’ last NFS game was Need For Speed: Most Wanted back in 2012, which received good reviews and sold 16 million copies globally, per Video Game Statistics.In 2020, Criterion took the franchise rights of NFS once again from Ghost Games after the great success of Need for Speed Heat in 2019, which sold 2.3 million units, generating gross revenues of $73.1 million per VG Insights.The comeback of Criterion with NFS: Unbound has brought to players more realistic graphics, a soundtrack that personifies street art and a lot of accessibility options that one can change, such as difficulty, heads-up display (HUD) settings and more.This is expected to bring a better and more appealing gaming experience for players, bolstering EA’s active players. The game has been made available for players from Dec 2 on PlayStation 5, Xbox Series X/S and PC.EA Strengthens its Gaming PipelineElectronic Arts has been focusing on creating indulging games and has been investing in disrupting themes to draw Gen Z and Gen Alpha towards it.It released some of its upcoming games for 2023, including the horror genre game Dead Space releasing on Jan 27 and the action, adventure and role-playing game Wild Hearts, which comes out on Feb 17.It recently partnered with Walt Disney’s DIS Marvel Entertainment to develop at least three new action-adventure games, one of which will be an Iron Man game featuring an original narrative elaborating the rich history of the character and enabling players to feel what it’s like to truly play as Iron Man.These exciting launches are anticipated to drive third-quarter fiscal 2023 net bookings to around $2.425-$2.525 billion. Shares of Electronic Arts have gained 0.3% year to date against the Zacks Consumer Discretionary sector, which lost 31.3% in the same time frame. Electronic Arts Inc. Price and Consensus Electronic Arts Inc. price-consensus-chart | Electronic Arts Inc. QuoteHowever, Electronic Arts has been facing headwinds on a macro level as well due to the COVID restrictions being lifted, as people are shifting their preferences from online gaming to outdoor activities. According to Ampere Analysis, the combined sales of games, consoles and subscriptions are due to drop by 1.2% to $188 billion in 2022.This Zacks Rank #3 (Hold) company also faces stiff competition from Activision Blizzard ATVI and Take-Two Interactive TTWO.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Shares of Activision have gained 13.9% year to date. Its upcoming slate of releases in 2023 includes Call of Duty: Warzone Mobile, which already has 20 million pre-registered players on Google Play.Shares of Take-Two have declined 38.8%. However, the company’s recent launch of Marvel's Midnight Suns is expected to boost its top line. It expects its fiscal 2023 revenues to jump 73.3% year over year.  Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Activision Blizzard, Inc (ATVI): Free Stock Analysis Report TakeTwo Interactive Software, Inc. (TTWO): Free Stock Analysis Report The Walt Disney Company (DIS): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 5th, 2022

Live: 170+ best Cyber Monday deals to shop before it"s too late

Black Friday might be over, but Cyber Monday deals are coming in fast. We're rounding up the best discounts from Amazon, Walmart, and more. Keep this page bookmarked as we'll be regularly updating this page with the latest deals.Nintendo; Amazon; Alyssa Powell/InsiderWhen you buy through our links, Insider may earn an affiliate commission. Learn more.Cyber Monday officially starts today, and with it comes sales that are often better than Black Friday. Amazon, Best Buy, and Walmart have some of the best discounts we've seen on products across every category.There are big savings on streaming services, Apple products, 4K TVs, and more. Check back regularly as our expert team of reporters and editors will be rounding up all of the very best deals through Cyber Monday.Top early Cyber Monday deals available right nowPeacock Premium plan: $0.99/month (80% off)Hulu x Disney+ bundle: $4.98 per month (55% off)Samsung 65-inch OLED 4K TV: $1,797 (40% off)Apple AirPods Pro (2nd Generation): $200 (20% off)Roku Streaming Stick 4K (2021): $25 (50% off)Revlon One-Step Hair Dryer: $25 (37% off)Hydro Flask 32 oz. Wide Mouth Bottle: $33 (26% off)Home Accents Festive Pine Christmas Tree: $50 (29% off)Kindle Paperwhite: $95 (32% off)Dyson v10 Absolute Cordless Vacuum: $400 ($200 off)22% off Dame FinDameOne of the best vibrators we've tested, Dame's Fin is an intuitive finger vibrator that's powerful enough to use on your own, but also minimal enough to use during penetrative sex. Dame is currently offering 22% sitewide, so if this won't suit your pleasure, there are plenty of diferent styles to choose from.Read our guide on the best vibrators$30 off Loftie Alarm ClockAmazonLoftie earned our recommendation for best alarm clock thanks to its two-phase alarm system, customizable alarm sounds, white noise features, and excellent integration with Wi-Fi and Bluetooth. The 25% Cyber Monday discount brings it to one of the best prices we've seen all year.Read our guide to the best alarm clocks$50 off RTIC 52-Qt Ultra Light CoolerRTICIn the battle of the best coolers, RTIC is a brand worthy of your attention. Remiscent to Yeti, RTIC coolers cost hundreds of dollars because of how they're constructed: they combine industry-leading insulation with extreme durability. An investment that'll pay off in the long run, RTIC's 52-quart cooler is the perfect size for most activities, and it's currently up to 25% depending on the color.20% off The Omsom BundleOmsomIf you're not familiar with Omsom, a company started by two AAPI women, you're missing out on one of the best Asian starter sauces you can buy.Omsom's range of sauces showcase the flavors of East and Southeast Asia, with flavors including Thai larb, Korean bulgogi, Filipino sisig, and more. Simply add a packet to your favorite vegetables or protein, and you're all set. While the packets are available on Amazon, Omsom is offering 20% off sitewide for Cyber Monday.Read our full review of Omsom$30 off Keychron K1 SE Mechanical KeyboardKeychronThis low-profile mechanical keyboard is compatible with Windows, Mac, and Android devices, with an option for Bluetooth wireless. The perfect starter mechanical keyboard, the K1 SE is made with aluminum to give it a sturdier feel than plastic competitors, and costs less than more popular brands like Logitech MX and Apple's Magic Keyboard. Read our review of the Keychron K1 SE mechanical keyboardJ.Crew Cascade BootJ.CrewThese classic hiking-inspired boots with bright red laces combines timeless with trendy. Constructed like vintage alpine boots, they feature rough-out suede uppers and a rubber outsole. They're currently 35% off, and you can save an additional 10% with the code CYBER.$780 off Burrow Field 4-Piece Sectional LoungerBurrowThere are a lot of contenders when it comes to the "best couch," and Burrow is a popular option for a reason. Burrow's modular setups are easy to break down and can be assembled with zero tools. Added bonus: All Burrow couces come equipped with built-in USB ports. The brand's Cyber Monday sale sees up to 50% off with the code BF22 — we particularly love the Field sectional for its deeper seats and plusher cushions.Read our guide on the best places to buy a couch$30 off Brightland Artist CapsuleBrightlandBrightland makes quality olive oil and vinegar with pretty, sun damage-proof bottles and this particular set was one of Oprah's favorites this year. It's discounted 20% for Cyber Monday, an excellent deal that includes four cold-pressed infused olive oils. Read our full review of Brightland22% off Big Fig MattressBig FigThe Big Fig Mattress is constructed for heavier individuals with firm support and a high weight capacity for both the bed and the foundation that comes with it. Save $300 on the Big Fig Mattress when you use the promo code WORTHIT at checkout.20% off Beats Fit ProBeats by DreBeats Fit Pro are among our top-rated wireless earbuds, thanks to Apple's wireless technology, solid noise-canceling, and flexible wingtips that tuck into the ear for a secure fit. They are are excellent everyday buds, but even better for fitness activities. $160 is the lowest we've seen it all year.60% off Google Nest Mini (2nd Generation)Best BuyThe Google Nest Mini is a compact and effective smart speaker that's powered by the very useful Google Assistant. Right now, it's one of the best prices we've seen for the device.40% off Eufy RoboVac X8AmazonThe Eufy Robova X8 features the brand's top features, including twin turbines, intelligent laser navigation, and intuitive smartphone controls. Down to $300, this is a solid deal with a $100 discount.40% off AllModern Williams Two-Drawer NightstandAllModernClass-up your bedroom with this mid-century nightstand, complete with two drawers and minimalist accents. This nightstand comes in walnut, acorn, white and gray finishes. It's on sale for $243, but you can get another 25% off with the code GET25.15% off all-new 2022 KindleBlack Friday 2022 All-New KindleAmazonAmazon's newest Kindle is now on salw for $15 off. You can get it for just $85, which is a great deal if you're looking for a small, light-weight e-reader. The All-New Kindle is actually Amazon's lightest e-reader yet, weighing in at just over a third of a pound.25% off Jambys Long JambysJambysLong Jambys are sustainably made modal, which comes from tree fibers. The material is incredibly soft and comfortable. On sale for $55, this is a great deal on premium loungewear.30% off Nike Infinity ReactNikeDesigned to be lightweight and breathable, yet durable and responsive, the Infinity React 3 caters to the needs of most runners. Originally $160, they're currently on sale for $111.98.30% off Nomad Base One MaxNomadThe Nomad Base One Max is a compact but fast-charging wireless pad. It can support one smartphone and one smartwatch at the same time, and if you're charging a compatible iPhone, it has MagSafe features too. Nomad products are always expensive, but this model is more than $50 off today.20% off Goal Zero Lighhouse 600 Lantern & USB Power HubAmazonA reliable lantern is great in an emergency or an ordinary power outage. The Lighthouse 400 is one of our favorite lanterns, and the 600 provides even more lumens of adjustable light. You can charge the lantern in several ways, including via USB or a hand crank. Currently on sale for Cyber Monday, it's discounted 20%.33% off Corsair K70 RGB Cherry MX Mechanical KeyboardBest BuyMechanical keyboards give every keypress a satisfying sound and tactile response. Good mechanical keyboards can be expensive, but this weekend, this RGB-enabled model from CORSAIR — one of the best brands around — is $50 off.50% off Urban Decay Naked3 Eyeshadow PaletteSephoraFor creamy and pigmented neutrals, it's hard to beat Urban Decay's line of Naked eyeshadows. Urban Decay Naked eye shadow palettes can cost over $50, but for Cyber Monday, you can get the Naked3 palette for under $30. 15% off KitchenAid 3-Piece Pasta Roller & Cutter SetLily Alig/InsiderWith the KitchenAid 3-Piece Pasta Roller & Cutter Attachment Set, you turn your stand mixer into an all-inclusive homemade pasta maker. When you clip the coupon on the product page, you can save an extra $25, making it the lowest price we've seen in years. 40% off REI Co-Op Men's Trailbreak 30 Sleeping BagREITo find a premium sleeping bag that costs less than $100 is often a fool's errand but the REI Co-op Trailbreak 30 is the exception. With a temperature rating of 30 degrees, this bag is great for shoulder season camping and its 3-panel hood makes it easy to get nice and cozy when the temps get especially cold. This is just $60 during REI's Cyber Monday sale — you won't find a better deal.43% off Bissell SpinWave Robot VacuumJames Brains/InsiderThe Bissell SpinWave Robot Vacuum picked up all the pet hair on carpet in our tests and has a great assortment of mop attachments and accessories. The company is also committed to helping homeless pets and helps them find loving homes. During Cyber Monday, it's at an all-time low price.40% off Lego Classic 90 Years of Play Building Set (11021)WalmartThe Lego Classic 90 Years of Play Building Set (11021) comes with 15 mini builds, including a golden dragon and sphinx. During Cyber Monday, it's 40% off.45% off Hasbro Connect 4 GameWalmartThe gameplay is simple in this classic strategy game: take turns dropping discs into the grid, and the first person to get four discs in a row wins. During Cyber Monday, it's at an all-time low price.37% off Topo Designs Women's Dirt CoverallsREIAvailable in two colors, these coveralls feature a belnd of organically grown cotton and spandex for a broken-in feel and the right amount of stretch. It also has two spacious front pockets and a pair of back pockets for all your essentials.33% off Animal Crossing: New HorizonsAmazonAnimal Crossing: New Horizons is one of the best life simulation games around. Customize your island, collect fish and fossils to donate to the museum, or run around with friends — it's all up to you. And right now, you can pick up a copy of the game from Best Buy for only $40, which matches one of the lowest prices we've seen.30% off Outerknown Men's Blanket ShirtOuterknownOuterknown's famed Blanket Shirt comes in a wide range of flannel patterns, from neutral prints to bright colors, but the real sell is its sustainability: It's made from 100% organic cotton, with corozo buttons made from tagua palm nuts to replace plastic ones. Right now, you can snag it for 30% off.30% off MVMT Men's Legacy SlimMVMTMVMT makes some of our favorite affordable luxury watches, and all versions of this model are currently on sale for under $90. It features a minimalist analog design with different variations of watchbands, from brown leather to gold mesh.25% off Rhone Session 1/4 ZipRhoneRhone's Session 1/4 Zip is the perfect layer for pre or post-workout. It's a breahtable, lightweight pullover that also offers UPF50+ sun protection, and it's currently 25% off for Cyber Monday.20% off Ooni Koda 12 Gas Powered Pizza OvenOoniFor making restaurant-quality pizza at home, you can't go wrong with Ooni. The Kodak 12 can reach up to 950 degrees Fahrenheit and cook your pie in 60 seconds. Currently, you can score it for 20% off.35% off Mophie 3-in-1 15W Wireless Charging StandAmazonA stand built to charge your iPhone, Apple Watch, and AirPods at the same time, this 3-in-1 charger from Mophie gives you "super-fast" charging with 15W charging speed. It's currently priced the lowest we've ever seen, and makes a great addition to any desk or workspace.28% off LG 75-inch LED 4K Smart TVBest BuyWith $230 off, this is a fantastic deal for such a large TV. This LG 75-inch comes with everything you need — 4K, ultra high-definition, access to 300+ free LG channels, as well as WebOS compatbility with all the top streaming services like Netflix, Hulu, Disney Plus, and more.24% off Apple iPhone 14 Leather Case with MagSafeAmazonApple's leather iPhone cases are designed to perfectly hug and protect your device without adding too much extra bulk. They're also MagSafe compatible, super stylish, and sleek, with a variety of different available colors — some of which are currently down to only $45 for the iPhone 14.33% off Big Brain Academy: Brain vs. BrainAmazonBig Brain Academy is Nintendo's premiere brain-training game series. This entry includes hundreds of math, logic, and visualization puzzles to test your knowledge, all for only $19.99 — the best price we've seen for it.30% off OXO Brew Gooseneck Electric KettleAmazonDurable, fast, and cord-free, the OXO Brew Gooseneck Electric Kettle is a full-featured option to keep on your countertop. It includes adjustable temperature control, a built-in timer, and a 30-minute keep warm cycle. Down to only $73, this is a rare drop on a premium kettle.45% off Hamilton Beach Smoothie Electric BlenderWalmartThe Hamilton Beach Smoothie Electric Blender performs low-lift blending jobs at a budget price. This Cyber Monday deal puts it at an all-time low price.60% off JLab Go Air Pop Bluetooth EarbudsJLabJLab Go Air Pop Bluetooth Earbuds give you the true wireless experience without breaking the bank. During Cyber Monday, they're 60% off, the lowest price we've seen.$100 off LG 42-inch C2 OLED 4K TVAmazonThe C2 is one of the best OLEDs you can buy and it comes in a small 42-inch size that's perfect for gamers who want to use it as a monitor and TV. This $900 sale price is the best deal we've seen so far.54% off Amazon Blink Mini (2-Pack)BlinkAffordable and user friendly, the Amazon Blink Mini home security camera is an indoor security for first timers. It has both 1080p camera footage quality and a black-and-white night mode. Save 54% with an all-time low price on the security system this Cyber Monday.30% off BioLite Firepit+BioLiteAn elegant marriage of technology and design, the BioLite FirePit+ not only excels at grilling but comes equipped with an onboard battery and an airflow design that keeps smoke at a minimum. It's so good at keeping fumes at bay that we named it the best smokeless fire pit in our guide. Right now, you can save 30%, which is one of the best prices we've seen for it.52% off Roku PremiereAmazonWalmart is offering an exclusive deal on the Roku Premiere streaming player, offering 52% off the usual price. While we generally prefer the Roku 4K Streaming Stick thanks to its portability and small form factor, the Roku Premiere is good for people who prefer a traditional set-top box near their TV.28% off Tile Mate Bluetooth Tracker (2022)AmazonThe Tile Mate is designed to help you find easily misplaced items and attaches to keys, pet collars, and other important items. During Cyber Monday, it's at the lowest price we've seen this year.$40 off OXO Brew 8-Cup Coffee MakerAmazonSleek and minimal, Oxo's 8-cup-capacity coffee maker reliably delivers a great cup. Its double-wall, vacuum-insulated thermal carafe keeps the contents warm for hours, but it can also accommodate taller mugs if you're taking yours to go. Right now, you can save $40 with this Cyber Monday sale.$20 off Cosori 5-quart 9-in-1 Air FryerAmazonCosori makes reliable and affordable small kitchen appliances. This air fryer has a nonstick basket and, holding enough food for up to four people, it's perfect for small groups and spaces. You can get a 15% discount for Cyber Monday, plus an extra $5 off using the on-page coupon.40% off Lego Classic 90 Years of Play Building Set (11021)WalmartThe Lego Classic 90 Years of Play Building Set (11021) comes with 15 mini builds, including a golden dragon and sphinx. During Cyber Monday, it's 40% off.31% off Osprey Men's Skarab 18 Hydration PackAmazonOsprey's Skarab 18 hydration pack is perfect for trail runners and cyclists, featuring a 2.5-liter water reservoir and a comfortable design. It's on sale for $70 during REI's Cyber Monday sale.$10 off Tramontina Primaware 18 Piece Non-stick Cookware SetWalmartWhether you're replacing some old cookware or need to furnish your new kitchen, this 18-piece set has all of the essentials you need. It comes with three saucepans, two saute pans, a griddle, a Dutch oven, a foldup steamer, three spoons, and two turners for only $40.30% off Igloo 60 qt. EcoCool Roller CoolerIglooOwning a cooler with wheels is the definition of true outdoor luxury and this Igloo roller cooler is one of our favorites. It features a rugged design, an easy-to-use telescoping handle, and a pair of oversized wheels that can take on a variety of terrain. Pick one up for just $65 during REI's Cyber Monday sale.55% off Razer DeathAdder Gaming MouseAmazonDon't let the edgy name fool you — the Razer DeathAdder is a fantastic mouse for gamers, programmers, and even regular users. With rubber grips, eight programmable buttons, and an ultra-sensitive 20,000 DPI sensor, the DeathAdder is one of the best gaming mice around. And during Cyber Monday, the price has come down to about $31, which is a fantastic deal.20% off Baggu Standard BagguCara CaraBaggu is the gold standard in reusable bags. Not only are they cute as can be, but they can hold up to 50 pounds, are made of ripstop nylon, and come in over 40 fun colors and patterns. Right now, everything on the Baggu website is 20% off.$400 off LG 3.1.3 Channel Soundbar with Wireless SubwooferBest BuyIf you're setting up a home theater, the one thing you need above all else is a good subwoofer. And this LG soundbar comes with a sturdy wireless subwoofer so you can feel every explosion and bass note. Best Buy is selling it for $400 off right now, which is a fantastic deal for this model.$30 off Closca Helmet LoopCloscaFor bikers who commute to work (or just hate lugging around a bulky helmet), this one folds up to nearly half its size to be stashed away when not in use. Select colors are now available for under $50 on both the Closca website and retailers like Amazon.25% off The North Face Hydrenalite Down HoodieREIThe North Face Hydrenalite Down Hoodie is both stylish and functional, and is available in six different colors to match anyone's personal style. For REI's Cyber Monday sale, it's discounted to $150, which is $50 off its normal price.$35 off Lego Optimus PrimeAmazonLike its Transformers namesake, the Lego Optimus Prime can actually change from its robot form into a truck without needing to rebuild. This is a sought-after Lego set and it's at its lowest price ever on Amazon and Walmart.$22 off Super Mario OdysseyAmazonSuper Mario Odyssey has been called "the ultimate collect-a-thon," and one of the best games released for the Nintendo Switch. Right now it's down to $37, a rare and substantial discount for such a popular game.$63 off Furbo 360° Dog CameraFurboFurbo's newest dog camera rotates 360 degrees so you can keep an eye on your pet anywhere in the room. The 1080p camera has 4x zoom along with night vision. It's on sale for $147 during Cyber Monday which is an all-time low price.10% off Casper The Glow LightCasper/InstagramThe Casper Glow Light is a wireless, portable night light that uses intuitive gestures for a beautiful, streamlined experience. It's on sale for 10% off during the company's Cyber Monday event.25% off Dagne Dover Dakota Neoprene BackpackDagne DoverDagne Dover makes some of our favorite backpacks, beloved for their comfortable and sleek design. Right now, you can get 25% off with the code BFRIYAY25 for Cyber Monday.$44 off Everlane ReLeather Court SneakerEverlaneThe ReLeather Court Sneaker is a comfortable everyday sneaker made out of recycled leather. For the Cyber Monday sales event, they're priced down to $66, which is one of the best deals we've ever seen on these shoes.$100 off Vizio 70-inch MQ6 QLED 4K TVBest BuyVizio's latest MQ6 4K TV model uses quantum dots to deliver a wide range of colors. It doesn't support local dimming like some of the brand's more expensive models but $650 for a 70-inch QLED TV is a great price.$60 off WD BLACK SN850X 1TB Internal Gaming SSDAmazonIf you're in the market for an upgraded internal SSD, this already affordable and high-performing configuration is now available at an all-time low price of $99.$50 off Fitbit LuxeThe Fitbit Luxe with a classic wristband being heldLisa Eadicicco/InsiderThe Fitbit Luxe is a great option for the fashionistas in your life who don't like the look of a traditional smartwatch. For Cyber Monday, it's on sale for $80 — the lowest price we've seen.$250 off Vitamix 5200 BlenderThe VitaMix 5200 Series Blender.AmazonThe Vitamix 5200 is an easy-to-use, easy-to-clean blender with the power and speed variation to handle any task. This is a pricey blender, so any discount is welcome, and $300 matches the price we saw during Black Friday.56% off Amazon Halo ViewIsabel Fernández and Crystal Cox/InsiderThe Amazon Halo View is a basic fitness tracker that offers a comprehensive suite of features designed to help improve your overall health and wellness. At just $35 during Cyber Monday, you won't find a better deal on a wearable as good as this.43% off Chamberlain myQ Smart Garage Door OpenerBest BuyThe Chamberlain MyQ Smart Garage Door Opener is a useful device that lets you open and close your garage door from anywhere with the companion mobile app on your phone. It was a reader favorite during Prime Day last year, and now for Cyber Monday, it's offered at its lowest price in a year.$120 off Sony WH-1000XM4 noise-canceling headphonesSonySony's WH-1000XM4 is our go-to pair of headphones for balance, sound quality, noise-canceling performance, and price. They're on sale for $228 for Cyber Monday, which is the lowest price we've ever seen them discounted to.$70 off Meta Quest 2 Bundle (256GB)MetaThe Meta Quest 2 VR headset (256GB) is now on sale with two free games. This special holiday bundle includes Beat Saber and Resident Evil 4 for $430. You can usually get the 256GB headset for $500 with Beat Saber, so this package saves you $70 and adds another free game.$50 off Theragun MiniTherabodyTherabody's fourth generation of massage guns introduced the Theragun Mini, a portable device that packs a percussive punch in a much smaller package. It's our favorite entry-level massage gun and it's on sale for $150 for Cyber Monday which is around the lowest price we've ever seen.$60 off Ring Floodlight Cam Wired PlusThe Home DepotRing's Floodlight Cam Wired Plus combines the standard Spotlight Cam with a set of motion-activated floodlights for better lighting. The camera itself streams and records at 1080p resolution and is also motion-activated, and it includes a siren and two-way talk. This Cyber Monday deal matches the lowest price we've ever seen.$50 off Roku StreambarBest BuyThe Roku Streambar is a compact soundbar that also acts as a streaming device, giving you an all-in-one option for crisp Dolby Audio and crystal clear 4K, HD, and HDR graphics. It's discounted by $50 to $80 overall, making this a great time to buy.Best Cyber Monday streaming dealsPavlo Gonchar/SOPA Images/LightRocket via Getty ImagesThere are tons of great streaming deals during Cyber Monday. See our review of the best streaming services to see which one the best for you.Discovery Plus: The service's Ad-Lite plan is already very affordable year round, but right now you can join the service for only $1 a month for your first three months. It's an excellent deal we only see during major deal events, like Cyber Monday.Disney+ and Hulu: During Cyber Monday, you get Hulu (with ads) and Disney+ (no ads) for just $5 per month for a full year. This deal saves you $11 per month off the regular price of the two services when purchased separately.HBO Max: HBO Max rarely sees discounts for subscribers, but now through November 28, new and returning subscribers can get their first three months of the ad-supported plan for only $6.Hulu: New and returning members can get their first year for only $2 a month when they sign up before November 28. Paramount Plus: Now through November 27, new and returning subscribers can get 50% off an annual plan of Paramount Plus, bringing the Essential plan down to only $25 for a full year of content. Peacock Premium: Now through November 28, new subscribers can lock in a year of Peacock Premium for $1/month. That's about 80% off the regular $5 monthly price.Stellar deals on tech brands from across the webApple; Amazon; Alyssa Powell/InsiderTech is synonymous with Cyber Monday, and we're seeing big discounts on TVs, computers, cameras, phones, accessories, gaming gear, and more. In addition to deals from major retailers like Amazon, Best Buy, Target, and Walmart, most tech companies are offering savings at their online stores. Here are our favorite companies whose products we've tested and trust.Adobe: Creative Cloud All Apps is 27% off for all users for the first year, 71% off for students and teachers for the first year; 40% off Adobe Photoshop Elements and Premier Elements.Anker: 20% to 25% off power banks and charging stations.Apple: Gift cards of varying amounts on qualifying purchases.Belkin: 25% off sitewide with code BF22.Bellroy: Up to 33% off phone cases, bags, wallets, and accessories.Case-Mate: Up to 60% off sitewide with code BFCM22, include LuMee, Pelican, and Fuel.CD Keys: Up to 96% off games for PC, Xbox, and PlayStation.Courant: 20% off sitewide on chargers and accessories.Dell: Up to 60% on laptops, desktops, and monitors.DJI: Up to 30% off select drones and cameras. Epson: Up to 46% off select printers, projectors, and business machines.Goal Zero: Up to 20% off select power stations, portable batteries, solar panels, lights, and more.Google: $50-$150 off Google Pixel Watch and Pixel 7 smartphones.GoPro: 15% off sitewide on cameras, accessories, and more.Griffin: 50% off sitewide on cables, chargers, batteries, and more.HP: Up to 71% on laptops, desktops, monitors, printers, and more.Incase: Up to 50% off sitewide on bags, laptop sleeves, cases, and more.Incipio: Up to 50% off sitewide on phone cases and accessories.Insta360: Save up to $75 on cameras.LastPass: 25% off until 11/29.Logitech: $30 off orders over $150 and $50 off orders over $250 with code BF22USD.Microsoft: Up to $600 off Surface Pro tablet laptops.Moment: Up to 60% off select phone cases, lenses, cameras, and other photography accessories.Motorola: Save up to $1,000 on select phones.Nikon: Save up to $1,000 on DSLR and mirrorless cameras, lenses, and binoculars.Nintendo: Save up to $20 or 33% on select games.Otterbox: Free shipping on orders over $50.Peak Design: Up to 30% off camera bags and accessories.Philo: New subscribers save 80% off their first month until 11/30 with code THANKS.Samsung: Up to $350 off Samsung Galaxy Z foldable smartphones.Satechi: 25% off sitewide with code BFCM25 or 30% off $150 or more with code BFCM30.Sony: Save up to $1,500 on TVs, cameras, headphones, and other consumer electronics.Speck: 40% off sitewide until 11/27; 50% off sitewide 11/27-11/28.Steam: 20%-90% off select games until 11/29.ZAGG: 40% off sitewide on ZAGG, Mophie, InvisibleShield, and Gear4 computing and mobile hardware and accessories.Shop big sales from nearly every major mattress brandLeesa/InstagramMattresses are an expensive yet important purchase. Fortunately, during Cyber Monday, you can save hundreds of dollars on top brands, including Casper, Purple, Nectar, and more. Don't know which mattress to buy? Our mattress expert has tested more than 60 mattresses and lists the best in our mattress guide. Also, check out our best Cyber Monday mattress deals hub.Amerisleep: Get $450 off any mattress and free accessories using the promo code AS450.Avocado: Get 10% off sitewide using the promo code SAVE10.Awara: Get $300 off any mattress and a free cotton sheet set, two latex pillows, and a mattress protector.Bear: Get 35% off sitewide and free accessories.Beautyrest: Save up to $800 on select mattresses.Big Fig Mattress: Get $400 off mattresses using the promo code FRIYAY.Birch: Get $400 off mattresses and two free pillows using the promo code FALLSALE400. Brooklyn Bedding: Get 30% off sitewide using promo code BFRIDAY30.Casper: Save up to $800 on mattresses using the promo code BFCM22-B.Cocoon by Sealy: Get 35% off the Chill mattresses and get a free set of sheets and pillows. DreamCloud: Get 25% off mattresses and $599 worth of accessories, including sheets, pillows, and a mattress protector. Emma: Get up to 50% off sitewide.Ghost Bed: Up to 50% off all mattresses and adjustable base bundles and get two free pillows.Helix: Save $150 when you spend $600 using promo code BFWKND150, save $250 when you spend $1,249 using promo code BFWKND250, save $300 when you spend $1,700 using promo code BFWKND300, save $350 when you spend $2,550 using promo code BFWKND350, save $400 when you spend $2,700 using promo code BFWKND400, and save $450 when you spend $2,950 using promo code BFWKND450. Plus, all purchases include two free pillows. Leesa: Save up to $700 on mattresses with two pillows included.Mattress Firm: Get up to 50% off mattresses during the Cyber Monday sale.Nectar: Get 33% off sitewide.Nest Bedding: Up to 50% off select mattresses.Nolah: Save up to $700 on mattresses and get two free pillows during the Cyber Monday sale.   Purple: Get $700 off the Purple Plus Mattress plus adjustable base.Saatva: Get up to $450 off select mattresses during the sale.Serta: Save up to $800 on select mattresses and mattress sets.Siena: Save $200 off any mattress.Sleep Number: Up to 40% off select beds.Tempur-Pedic: Get 30% off the Tempur-Pedic Cloud mattress when you use the Insider exclusive promo code BI30.Tuft & Needle: Save up to $750 on mattresses.Wayfair: Save on big-name mattress brands like Beautyrest and Sealy. Check out our Wayfair deals roundup.Zinus: Save up to 40% off select mattresses. Editor's note: Zinus is facing a class-action lawsuit claiming that fiberglass in the company's mattresses has led to serious health issues. Check out our full article on the lawsuit for more details.Zoma: Save $150 on all mattresses using promo code WIN150.Shop big deals on luggage from across the internetRachel Askinasi/InsiderTravel is back and it's a great time to stock up on those travel essentials you may have neglected in the past few years of pandemic. Below you'll find deals on our favorite luggage brands. Away: Up to 40% off suitcases and travel accessories. Check out our full round up of Away luggage deals.Baboon to the Moon: Up to 75% off bags and accessories.Bric's: Up to 50% off Bellagio, MyLife, Siena, and X-Bag lines.Delsey: Save 30% to 60%, plus free shipping.July: Save $30 when you spend $300, $100 when you spend $600, and $200 when you spend $1,000. Monos: Up to 40% off sitewide with code EARLYBF2022. Check out our full round up of Monos luggage deals.Nomatic: Up to 30% off luggage and 50% off travel accessories.Paravel: Up to 30% off, including Oprah's favorite foldable backpack.ROAM: Free Market Tote or Travel Pouch Set with the purchase of any piece of luggage, backpack, or duffel.Samsonite: 30% off sitewide and free shipping.Solgaard: Take 15% to 50% off sitewide. Travelpro: More than 70% off select suitcases and bags, plus save $30 when you spend $200 and $60 when you spend $300.Tumi: 40% off select suitcases, backpacks, and bags.Take 20% off Apple AirPods Pro (2nd generation)AppleThe AirPods Pro (2nd generation) is the latest addition to their AirPods Pro series, a line of mid-range earbuds that feature spatial audio and noise canceling. And for just $200, this is the lowest price we've ever seen.8% off the 2022 12.9-Inch 6th-Generation iPad ProAppleWhile not a huge discount, this 8% deal is rare for such a newly announced Apple device. If you're looking to get the latest 12.9-inch iPad, this deal helps you save $100. If you're not sure you want the latest model, we can help you find the right iPad for your needs.30% off the Oxo Good Grips 7-Piece Pop Container SetAmazonAirtight containers are a must-have for any kitchen. You can store all your baking necessities, including flour, sugar, brown sugar, and more. We can't recommend the Oxo Pop containers enough because they keep cupboards and pantries organized and food fresher. Right now, you can save 30% on this set, which comes with two medium square containers, two tall medium containers, and three small ones.$21 off the Allbirds Women's Wool Runner in Hazy CargoAllbirdsThe Wool Runners are some of Allbirds' most popular shoes, and they hold up really well after years of wear. Coming in a green "Hazy Cargo" colorway, this pair of Allbirds pairs well with all your fall neutrals, and they're more than $20 off. Other hues have a similar discount, while the teal and burgundy colorways are down to $64.24% off the Petkit Eversweet Pet Water FountainAmazonThis two-liter water fountain is designed for cats and small dogs. It uses a circulation system to provide oxygenated, fresher, and better tasting water for your furry friend. Right now it's down to only $34, a rare price drop from its typical retail price of $46. We saw a slightly better deal on Black Friday, so it might drop again on Cyber Monday. For more pet deals, we've rounded up Chewy's best Cyber Monday discounts.$1,500 off the LG C1 OLED 83-Inch 4K TVBest BuyLG's C1 beautifully balances performance and design, and the 65-inch model is the top pick in our guide to the best 4K TVs. The OLED panel delivers incredible image quality with an infinite contrast ratio. If you're looking for a giant TV for your entertainment system, the 83-inch is the largest available size and is at an excellent all-time low of $3,000.Save $30 on the Fitbit Versa 3FitbitWith automatic activity tracking and a large screen, the Versa 3 has nearly all the perks of the Fitbit line at a not-totally-absurd price point plus a stylish design. It's now available on clearance, so you can get it with a sweet $30 discount.Save 14% on the Apple Magic Keyboard for iPad Pro 12.9-inchAppleApple's Magic Keyboard is designed to seamlessly attach to the iPad Pro with a comfortable and responsive typing experience, trackpad, and a USB-C port. It's a great way to boost your productivity from your tablet, especially at this excellent price of$300.50% off the Amazon Fire HD 10 TabletAmazonWith 32GB of internal storage, a 1080p HD display, and loads of features like Alexa integration, the Fire HD 10 is one of the most versatile, yet affordable tablets you can buy. Currently on sale for 50% off, it's an even better deal at $75.25% off Bombas SocksBombasBombas makes some of the best socks we've ever tested — even at full price. Right now, you'll save 10% on packs plus an extra 25% on your order, bringing this 8-Pack down to $75.60. Read our full review and shop the entire site.$230 off the Vitamix Professional Series 750 BlenderWilliams SonomaThe Vitamix Professional Series 750 has everything you need in a blender, and its proven longevity makes it worth the price. This Cyber Monday deal is the lowest price we've seen by $60. Check out more Vitamix blender sales going on now.40% off the Everlane Everyone Denim JacketEverlaneFeaturing unisex styling, the Everyone Denim Jacket is easy to wear and style for everyone. Right now, it's $59 — bringing the price down nearly $30.$110 off Fitbit SenseFitbitThe Sense smartwatch has a ton of added features, focusing on heart health and stress management, giving you a more holistic look at your well-being. It's on sale for $140 during Cyber Monday, which is an excellent deal considering how feature-rich this smartwatch is.$80 off Bowflex SelectTech 552 dumbbellsNautilusThe Bowflex SelectTech 552 Adjustable Dumbbells allow you to adjust the weight of each dumbbell anywhere from 5 to 52.5 pounds. They're on sale for $350 for Cyber Monday, which is one of the lowest prices we've ever seen them at, making them a great deal for anyone looking to add to their home gym.19% off Nike Air VaporMax 2021 FKNikeFeaturing a full Air midsole and a Flyknit woven upper, the Vapormax 2021 uses several of Nike's most advanced technologies. Right now, they're 19% off.$50 off Bonobos Stretch Washed Chino 2.0NordstromTaking on the look of classic chinos, this pair features added stretch for comfort. At 50% off, this is a good time to add more colors to your wardrobe.$20 off Elden RingElden Ring / FromSoftwareThis 2022 Game of the Year nominee from the creators of Dark Souls is a challenging adventure, even for experienced gamers. This is one of the best prices we've seen since it released in February.Save up to 40% on Monos luggageMonosShop all Monos luggage dealsBest known for its carry-on with a front pocket fit for a laptop, Monos is home to some of the best luggage and travel accessories we've tested. The travel brand has made a name for itself with its suitcases' convenient organization, as demonstrated by its Pro Plus Carry-on with extra storage space.Travelers can save up to a rare 40% on carry-ons, full-sized luggage, and travel accessories with the code EARLYBF2022. Shoppers can also expect to see discounts of up to 50% off on November 25-27 with the code BLACKFRIDAY2022, and up to 30% off on November 28-December 4 with the code CYBERWEEK2022. $150 off Apple 24-inch iMac M1 2021Apple$150 off Apple's 24-inch iMac running on the powerful M1 processor only makes a dent, but it's still the best price we've seen for this model. If you've been looking for a powerful all-in-on computer that will last a long time, the 24-inch iMac with a deal is a great option.$150 off KitchenAid 5-qt. Artisan Series Fresh Prep Attachment BundleKohl'sOne of the best deals we've seen on KitchenAid stand mixers is this bundle, which combines a 5 quart Artisan mixer with food processing attachments. This matches the sale price we've seen at other retailers, but also includes the Fresh Prep attachment, which usually retails for $60. The deal is available in three colors.30% off Casper Essential PillowAmazonWe're fans of Casper's pillows; we ranked the Original as the best pillow for side sleepers in our buying guide to the best pillows you can buy. The Essential pillow is soft and breathable on the outside and supportive on the inside. At $30, it matches the lowest price we've come across this year.$25 off Sonic FrontiersSegaPlaystation 5Xbox Series X Nintendo SwitchThe latest Sonic the Hedgehog game was released earlier this month and it's already 50% off for Cyber Monday. The game's "open zone" format is new for the franchise but it's gotten generally favorable reviews since its launch.$20 off Everlane Alpaca CrewEverlaneWith over 2500 reviews and four and a half stars, the alpaca crew is an Everlane staple. It comes in 12 colors and is 20% off on Cyber Monday.20% off Seresto Flea and Tick Collar for Large DogsChewyThe Seresto Flea and Tick Collar offer eight months of protection against fleas and ticks in all life stages. It's the only flea collar on the market that we recommend for dogs. For Cyber Monday 2022, Chewy is offering a rare deal we only see a few times a year.30% off PlayStation DualSense Wireless ControllerThere are a number of steps you can take at home with your PS5 console to resolve the connectivity error.YELIM LEE/AFP via Getty ImagesThe PS5 controller is one of the best in the industry thanks to its haptic feedback, built-in microphone, and adaptive triggers. The Cyber Monday discount extends to other colors of the controller, like black, purple, & red.30% off Yeti Rambler 10 oz Wine TumblerAmazonNow 30% off, the Yeti Rambler holds up to 10 ounces of your favorite wine whether you're on a camping trip or on the back patio. The stainless steel interior paired with the double-wall vacuum insulation is what keeps your drink exactly at the temperature you like.40% off Ninja Foodi Two-Basket Air FryerJen Gushue/InsiderThe Ninja Foodi Two-Basket Air Fryer lets you cook two separate dishes at once, and you can time them to finish simultaneously to take the guesswork out of your dinner routine. During Cyber Monday, it's at an all-time low price.$30 off The Legend of Zelda: Breath of the WildNintendoThe Legend of Zelda: Breath of the Wild is the definitive adventure game on the Nintendo Switch, sending players on a sprawling journey across a fantasy world with hundreds of secrets to discover. Right now Walmart is selling it for only $30, a rare discount that puts it at the lowest price we've ever seen.25% off Hydro Flask ToteHydro FlaskThe Hydro Flask Tote makes for the perfect travel bag, especially when storing food because its lightweight, insulated, and fully lined. For Cyber Monday, the tote is 25% off.35% off our favorite do-everything Instant PotJen Gushue/InsiderThe Instant Pot Duo Crisp is a pressure cooker, slow cooker, air fryer, and sous vide machine all in one, making it one of the most useful and economical small appliances we tested. While it's not the lowest we've seen it, it's the best price in months.See our guide to the best Instant Pots and electric pressure cookers.$50 off Oral-B iO Series 6 Electric ToothbrushAmazonStart and end every day with the Oral-B iO Series 6 Electric Toothbrush, now 40% off for Cyber Monday. Complete with five Smart Modes and technology that stores your brushing patterns, this brush comes with one more plus a travel case.$270 off Samsung 75-inch Class TU690T Series LED 4K UHD Smart Tizen TVBest BuyIf you're in need of a large screen for your living room, this Samsung TV is one of the best budget options you can find. While it may not have Samsung's latest display technology, this smart TV is fully featured with support for Alexa and Google Assistant, as well as Apple's AirPlay.17% off Bose QuietComfort II EarbudsAmazonThe Bose QuietComfort II Earbuds are the second rendition of the wireless earbuds, and they're easily one of the best noise-canceling earbuds on the market. At $50 off, they're currently at the lowest price we've seen. $20 off Apple AirTag 4-PackAppleApple's wireless trackers are compatible with the FindMy app on iPhone and iOS devices, and this matches the lowest price we've seen since their release. Just remember, you'll need a keychain holster or something else to keep them attached to your belongings.50% off Headspace subscriptionHeadspaceIf you're looking to exercise some mindfulness, a subscription to Headspace is a perfect place to start, especially at 50% off. The app offers easy-to-navigate guided meditations — from one-off sessions to help with burnout, to full-blown courses on stress and anger — from a variety of teachers, each with different perspectives.$50 off the Xbox Series STargetThe Xbox Series S is one of Microsoft's two current generation consoles, along with the Xbox Series X. Both consoles play the exact same games, but there are differences, most notably that the Series S does not include a disc drive so you can only play digitally downloaded titles. It's currently $50 off, an excellent deal for this powerful and popular console.  51% off Rosyclo Cloud SlippersAmazonWhile not the exact same pair, these cloud slippers are nearly identical in design to the ones our executive editor Sally Kaplan owns and loves. Your discount will depend on the size and color you select, but we're seeing an average savings of 51% on these trendy cloud slippers.20% off Apple MacBook Air M1 (2020)Amazon$200 off the M1 MacBook Air is a superb deal, especially when you consider the M2 MacBook Air starts at $1,200, and isn't usually discounted below $1,000.43% off Lego Classic Bricks and AnimalsWalmartA great gift for the creative builder in your life, this set includes 1,500 pieces for endless construction. At an all-time low price for Cyber Monday, this is an excellent price for a full set, especially when deals on classic Lego kits are so rare.$96 off Wüsthof Classic Hollow Edge 2-Piece Chef's Knife SetAmazonWüsthof is one of the top names in knife making. This set features a 6-inch chef's knife and a 3.5-inch paring knife, which should cover you for most tasks. During Cyber Monday, it's at an all-time low price.$200 off iRobot Roomba i3+, our favorite robot vacuumiRobotThe iRobot Roomba i3+ does more than your average robot vacuum. It develops personalized cleaning schedules and empties itself. It also does an outstanding job of cleaning. That's why we made it the top pick in our robot vacuum guide. Usually, it costs more than your average robot vacuum, but during Cyber Monday, it's at the lowest price we've ever seen.$10 off Best Friends by Sheri The Original Calming Donut Dog BedChewyThe Best Friends by Sheri the Original Calming Donut Dog Bed has a rounded shape that cradles a dog and helps them calm down naturally. It's our top pick for the best calming dog bed and rarely goes on sale. Right now, you can get it for its lowest price ever on select colors.Read our guide to the best dog beds.33% off Razor A Kick ScooterTargetIt doesn't have all of the whistles and bells of an electric scooter, but a Razor A Kick Scooter will still be fun to ride. It's built durably and can collapse to be carried around. During Cyber Monday, it's 33% off, which is the best deal we've seen since 2020.18% off Kasa Smart Plug Ultra MiniAmazonThese smart plugs are low-profile enough to fit behind most furniture and are easy to use for basic smart home functions. During Cyber Monday, they're at the best price we've seen in months.27% off Cetaphil Daily Hydrating LotionTargetDrugstore skincare brand Cetaphil has a cult following among budget-savvy shoppers. The brand's products are formulated for sensitive skin and are fragrance-free. For Cyber Monday, the Daily Hydrating Moisturizer is down $4 from its typical price since this summer. Save up to 38% on Cetaphil's other cleaners and moisturizers too. Read our guide to the best skincare brands for more information on Cetaphil.37% off Anova Culinary Nano Sous Vide Precision CookerAmazonThe Anova Precision Cooker Nano offers accuracy and ease of use at a price unmatched by other sous vide machines. This model rarely goes to a lower price, so it's a good time to buy.See our guide to the best sous vide machines. 50% off Bonobos Stretch Washed Chino 2.0NordstromWith the style and fit of classic chinos, this pair features added stretch for comfort. At 50% off, now is a good time to add more colors to your wardrobe.25% off Bissell Little Green Proheat Portable Carpet CleanerWayfairBissell makes some of our favorite carpet cleaners, and the Little Green ProHeat is a fantastic cleaner for removing stains and messes. During Cyber Monday, save 25% off.Check out our guide to the best carpet cleaners.$200 off JBL Boombox 2AmazonWhen you need music for your gathering, the JBL Boombox 2 brings powerful sound and bass to keep the party going. It's one of the best Bluetooth speakers that you can get, and right now it's on sale with an excellent and rare $200 discount.40% off SodaStream Terra Sparkling Water MakerAmazonIf you're a seltzer fan, then you should consider investing in a sparkling water maker. The Terra is SodaStream's newest model that is also cordless. It comes with one CO2 cylinder and a bottle of lime Bubly Drops. For Cyber Monday, it's an all-time low price.39% off Coway Airmega AP-1512H True HEPA PurifierCowayCoway makes some of the best air purifiers on the market. The AP-1512HH is a reliable compact unit with a 4-stage filtration system that reduces up to 99.6% of air pollution particles. This Cyber Monday deal is the lowest price since early 2021.$30 off Philips SmartSleep Connected Sleep and Wake-Up LightSuzy Hernandez/Business InsiderThe Philips SmartSleep Connected is our top pick for the best sunrise alarm clock. It will help you fall asleep gently and wake up on time by creating stunning sunset and sunrise simulations. Right now, it's 15% off, an all-time low price that we haven't seen since last year.See our guide to the best sunrise alarm clocks.60% off Beats Solo3 Wireless On-Ear HeadphonesBeatsWhile not the newest headphones in the Beats lineup, the Beats Solo3 are still a solid pair of over-ear cans. They don't offer noise-canceling capabilities, but they're still a versatile pair of headphones that deliver balanced sound and 40 hours of listening time. At $80, they're at an all-time low for Cyber Monday with the best price we've seen.13% off TeeTurtle Reversible Narwhal PlushieAmazonMore than just a cuddly stuffed animal, TeeTurtle's reversible plushies let you express your mood. Don't feel like talking to anyone? Just turn the animal to the frowny face side. For Cyber Monday, the narwhal stuffie is a modest 13% off.40% off TikTok's favorite vegetable chopperAmazonOne of TikTok's favorite gadgets, this chopper can dice an entire onion with just a single push of your palm. For Cyber Monday, it's the lowest price we've seen in months at around 40% off. As a bonus, it comes with a spiralizing attachment for making zoodles.62% off National Tree Company Pre-Lit Artificial Full Christmas Tree, 6.5 FeetAmazonIf you're still in the market for a Christmas tree, this 6.5-foot pre-lit Dunhill Fir tree is steeply discounted at 62% off for Cyber Monday; the lowest price we've ever seen for this tree.30% off sauces from Fly By JingFly by JingFly By Jing makes one of our favorite chili crisps, and the By Jing box offers a range of Sichuan sauces, including the tangy Zhong sauce and potent Mala spice mix. At 30% for the first time ever, it's the perfect foodie holiday gift.20% off Olaplex Hair Perfector No 3 Repairing TreatmentAmazonThough pricey, Olaplex's Hair Perfector is a cult favorite in beauty circles. At 20% off, it makes a thoughtful gift for anyone heard complaining about their split ends in the winter, this immensely popular hair treatment repairs brittle, dry hair and adds much-needed moisture.30% off Amazon Smart ThermostatAmazonThe Amazon Smart Home Thermostat is a simple, inexpensive smart home thermostat to control your home's temperature. It doesn't have a microphone or camera, so Alexa voice commands rely on another voice-enabled Alexa device, like an Echo smart speaker. Certain energy providers will provide benefits for switching to an energy-saving thermostat like this one, so be sure to check with yours. Right now, the thermostat is down to an all-time low price.20% off Sengled Smart Light BulbSengledSengled's smart color-changing light bulb is significantly more affordable than bulbs from big names like Philips. For about $12, this single bulb is more affordable than ever.50% off Casper Essential PillowAmazonWe're fans of Casper's pillows; we ranked the Original as the best pillow for side sleepers in our buying guide to the best pillows you can buy. The Essential pillow is soft and breathable on the outside and supportive on the inside. At $30, it matches the lowest price we've come across this year.26% off Hydro Flask Wide Mouth BottleMarathon SportsHydro Flask makes some of our favorite water bottles — they're basically indestructible without being bulky or heavy, and keep hot and cold beverages at their original temperature for at least 12 hours. It's a solid, pragmatic gift for anyone who complains about forgetting to hydrate or is on the hunt for a reliable thermos.See our guide to the best water bottles. 37% off Revlon One-Step Hair DryerAmazonThis hair tool combines styling, drying, and volumizing your hair into one simple step. It's comparable to the expensive Dyson Airwrap, but for a fraction of the cost. Down to $25, this is one of the best deals we've seen for it all year.See our guide to the best hair dryers. 50% off Roku Streaming Stick 4K (2021)RokuCompared to the Roku Streaming Stick+, the new Streaming Stick 4K provides an improved viewing experience by adding support for Dolby Vision. This advanced high dynamic range (HDR) format can provide better picture quality on TVs that support it. Right now you can get it on sale for only $25, the best price we've seen for it yet.50% off It Takes TwoAmazonThe 2021 game of the year is an entirely cooperative game that lets a friend join-in online, even if they don't own the game. This price matches the lowest we've seen to date.40% off Samsung 65-Inch Class OLED TVAmazonSamsung's first 4K OLED is also one of the very first OLED TVs to feature quantum dots. This technology allows the display to produce a wider range of colors than typical OLEDs. $1,800 is a new low price for this brand-new high-end set.50% off Melissa & Doug PAW Patrol PAWtroller Activity CenterTargetIf there's a little one in your life who loves Paw Patrol, this activity center will provide hours of fun. You can grab it for 50% off during Target's Cyber Monday sale.$500 off Hydrow rowing machinesHydrowThe Hydrow Connected Rower is the Peloton of at-home rowing machines, bringing interactive rowing workouts right to your living room. It's on sale for $500 off its normal price during Best Buy's Cyber Monday sale which is one of the lowest prices we've seen it at.Check out our review of the Hydrow to learn more about what makes this a stellar piece of exercise equipment. 29% off the De'Longhi La Specialista Arte Espresso MachineAmazonDe'Longhi is one of the best brands for home espresso makers. The Specialista Arte is one of our recommended mid-range makers and has the unique feature of a built-in tamper. This is the best price we've seen in six months on this machine.Read more about the best espresso machines we've tested here.12% off the MacBook Pro 13-inch M2AppleThe 13-inch MacBook Pro is more capable than ever. Supercharged by the next-generation M2 chip, it's Apple's most portable pro laptop, with up to 20 hours of battery life and 12% off retail. It's a surprisingly good deal when you consider this new MacBook was just released in 2022.25% off the GE Profile Opal Nugget Ice MakerWalmartOne of the few nugget ice makers on the market, the GE Profile does one task perfectly: making chewable nugget ice. It's a bulky and pricy appliance, but the unique production is worth it if you're a nugget ice loyalist. For Cyber Monday, it's $130 off the usual price, so it's a great time to buy the ice maker of your dreams. You can read more about why we love this deal here.Save 20% on a Dyson Airwrap, plus get free accessoriesDysonWith new barrels to curl and wave in both directions, brushes to control and shape, and the multi-functional Coanda smoothing dryer to dry, smooth, and hide flyaways. Existing Dyson customers can save 20% off using the code e-mailed to them on November 21. Both new and returning customers can claim $125 in free gifts with their purchase.For more information, check out our Dyson Airwrap Cyber Monday deal guide. Save $400 on our favorite mattress and get $600 in free accessoriesDreamcloudOne of our favorite mattresses, the DreamCloud Premier Hybrid Mattress offers an impressive array of features, including excellent support, a firmness that will appeal to most sleepers, and a long trial period and warranty. During the Cyber Monday sale, you can save $400 and get $599 of accessories included.Save 30% on the Apple Watch Series 7Antonio Villas-Boas/InsiderThe Apple Watch Series 7 is extremely similar to the new Series 8. It's only missing Crash Detection, body temperature sensing, and a new Low Power Mode that gives the Series 8 up to 36 hours of battery life. With that in mind, you can easily justify the $120 in savings with this deal on the Series 7.See our guide to the best Apple Watch. Save 33% on the Dyson Cyclone V10 Absolute Cordless Stick VacuumWalmartDyson vacuums are the cream of the crop, and this Cyber Monday deal for the Cyclone V10 is the best we've seen in years. Equipped with a sensor to detect whether you're vacuuming a carpet or hard floor, it's the perfect vac for any room in the house. See our guide to the best vacuums. 57% off Madden 23AmazonJust released in August, Madden 23 is the newest iteration of the ever-popular EA Sports NFL video game franchise. Down to just $30, this deal is an absolute steal — and the perfect holiday gift for the football lover or sports gamer in your life. 50% off Columbia Tipton Peak Insulated JacketColumbiaColumbia jackets are ideal for layering in cold weather, as they are warm, but not too bulky. If you're looking to upgrade for this winter, 50% off this Tipton Peak Insulated Jacket is a fantastic deal for you. See our guide to the best winter coats. 50% off Kiehls Ultimate Shave CollectionNordstromWith $72 worth of product, this gift set of men's shaving products from cult favorite brand Kiehl's is a great deal at $33.60. If you use your Nordstrom card to purchase, you can also earn a $60 Note to be used on a future purchase.41% off the ASUS Chromebook C203XAAmazonThe Asus C203XA is designed with military-grade durability, a spill-resistant keyboard, and an anti-scratch finish, making it the perfect choice for students and classrooms. Down to only $142, this is the best price it's seen in months.See our guide to the best Chromebooks. Save $90 on the Dewalt Compact Drill/Impact Combo KitAmazonThis 20-Volt MAX Brushless Compact 2-Tool Combo Kit includes 1 cordless Drill/Driver, 1 cordless Impact Driver, two 20-Volt MAX Lithium Ion Batteries, 1 charger, and a carrying bag. During The Home Depot's Cyber Monday, it's 35% off.See our guide to the best cordless drills. 75% off LifeStraw Personal Water FilterAmazonLifeStraws are portable filters that can make even some of the murkiest standing water drinkable. For backpackers and hikers, a LifeStraw can be an invaluable tool in dire situations. Down to only $13, now is a great time to buy one.44% off Chewmeter Himalayan Yaky Cheese ChewsChewyMade with potato starch and cheese, among other ingredients, Chewmeter's dog treats are rawhide-free. They were about a dollar less during Amazon's Prime Early Access Sale in October, but have been above $20 for most of the year. 50% off JBL Tune 510BT Wireless On-Ear HeadphonesJBLQuality over-ear headphones can get pricey, but these wireless ones from JBL offer great sound and up to 40 hours of play when fully charged. RIght now, they're a steep 50% off, costing right under $25. Lowest price of the year on an Insider subscriptionInsiderInsider is offering its annual subscription at its lowest price of the year as a Black Friday and Cyber Monday deal. You'll get access to in-depth reporting, exclusive stories, pitch decks, salary databases, and more. This deal expires on November 28.Rare $10 discount on Ring Fit AdventureAmazonRing Fit Adventure is a fitness-centric game that challenges you to get off the couch and perform crunches, sit-ups, and more to defeat enemies. It even comes with a special accessory called the Ring-Con to track your movements. This game rarely goes on sale, so this $10 discount from Amazon is a good deal.Save $50 on the internet's favorite frying panOur PlaceThis sleek, matte pan is an incredible gift for minimalists: It's designed to replace eight pieces of cookware, functioning as everything from a pot to a frying pan. Normally $145, you can get it for $95 for Cyber Monday.See our guide to the best nonstick frying pans. 28% off Otherland candlesOtherlandOtherland is a hot candle brand right now, known for its creative packaging and custom gift sets. For Cyber Monday, you can get 28% off a three-pack and 35% off six-packs and nine-packs.See our guide to the best places for buying candles. $100 off the new Pixel 7GoogleThis is the lowest price for Google's newest smartphone, the Pixel 7. Launched only a month ago, the Pixels are desirable Android phones, thanks to their fast performance, great image quality from the cameras, and stock Android.See our guide to the best smartphones. 50% off the Litter Genie PlusAmazonThe Litter Genie keeps odors from cat litter waste concealed. Deputy Editor Lauren Savoie likes that it holds several weeks' worth of waste so she doesn't have to take the trash out every time she scoops. For Chewy's Cyber Monday sale, it's marked down to 30% off its usual price, and over at Petco, it's 50% off — an all-time low price.Save $40 on the Theragun MiniTherabodyTherabody's fourth generation of massage guns introduced the Theragun Mini, a portable device that packs a percussive punch in a much smaller package. It's our favorite entry-level massage gun and it's on sale for $160 during Cyber Monday, which is around the lowest price we've ever seen.Buy one, get one on Masterclass subscriptionsMasterClassMasterClass is one of our favorite online learning platforms and for $180, you can get a second membership free to gift when you buy the first one. It makes for a great last-minute present and a fun way to bond with someone as you watch classes remotely.$50 off DNA kits from AncestryAncestryDNAAncestry DNA makes our favorite DNA kit, and all its DNA kits are discounted for Cyber Monday. The cheapest one is the standard kit, coming in at $59 (normally $99).20% off our favorite bathrobe from BrooklinenBrooklinenMade from 100% Turkish cotton, this super-soft robe is the ultimate luxury gift. For Cyber Monday, you can get 25% off all Brooklinen products when you check out.32% off the Kindle PaperwhiteAmazonThe Kindle Paperwhite is our favorite Kindle model so far for its big screen and adjustable warm light. At 32% off, you can snag it for under $100 to gift to the avid reader in your life.Save $70 on TCL's 55-inch 5 Series 4K Roku TVBest BuyTCL's 55-inch 5 Series 4K Roku TV delivers an impressive balance between image performance, smart connectivity, screen size, and cost. Down to $430, this discount matches deals we've seen for it in the past.Take 27% off the Nespresso's Vertuo coffee makerWilliams SonomaNespresso's Vertuo machine makes rich, frothy espresso at the touch of a button. This isn't the lowest price we've seen, but it does match last Black Friday's deal, and it's still a solid discount.Save 20% on the GoPro Hero 11 BlackThe GoPro Hero 11 Black with its recognizable form-factor. Like the Hero 9 Black and Hero 10 Black before it, there's a front screen for framing a shot — useful if you're vlogging or live-streaming.Les Shu/InsiderGoPro's best camera yet, the Hero 11 Black shoots incredible videos with smooth stabilization better than ever. For Cyber Monday, you can save $100 (20%) off the regular priceTake 50% off the Shark Vertex DuoClean PowerFins Upright VacuumAmazonThe Shark Vertex DuoClean PowerFins Upright Vacuum (AZ2002) is easy to use and has powerful suction that gets the job done on hardwood and carpeting. This Cyber Monday deal matches the lowest price we've seen.Save 24% on an HP OMEN laptopHPHP's OMEN laptops are high-performance computers that are great for creative tasks and gaming. This one is loaded with an Intel Core i7 processor and Nvidia GeForce RTX 3060 graphics. Add in 16GB of memory and a 1TB hard drive, the $1,200 sale price makes it a terrific buy for a high-end machine.Save 33% on a Sony 65 Inch 4K Ultra HD TVAmazonSony's 2022 midrange LCD TV is a solid pick for buyers who want a good all-around 4K display. It has local dimming for improved contrast, along with wide color capabilities and support for the Google TV streaming platform. This $1,000 deal price is a new low for the 65-inch model.Save $150 on the Traeger Pro Series 22 Pellet GrillHome DepotTraeger is one of our favorite grill brands, and the Pro Series 22 Pellet Grill is an excellent option for easy precision grilling and smoking. During Home Depot's Cyber Monday sale, you can save $150 off its regular price.Save 40% on the internet's favorite coatMaria Del Russo/InsiderDubbed by the internet as the "Amazon coat," this down jacket actually lives up to its hype of blending style with warmth and functionality. It comes in a range of colors from muted neutrals to bright red or yellow and is a perfect, practical gift as the winter season gets colder. The discount you'll receive depends on the color and size you choose, with an average deal of 40% off.Read the original article on Business Insider.....»»

Category: dealsSource: nytNov 28th, 2022

170+ best early Cyber Monday deals that you can shop right now

Cyber Monday is continuing some of Black Friday's best deals. We're rounding up the best discounts from Amazon, Walmart, and more. Nintendo; Amazon; Alyssa Powell/InsiderWhen you buy through our links, Insider may earn an affiliate commission. Learn more.Cyber Monday is only a few hours away and there are already a ton of fantastic deals available right now. Amazon, Best Buy, and Walmart have some of the best discounts we've seen on products across every category, and more deals are expected as we head into the official start of Cyber Monday on November 28. We'll update this page throughout the weekend with the best early Cyber Monday discounts. Already, there are big savings on streaming services, Amazon products, Apple devices, 4K TVs, and more. Check back regularly as our expert team of reporters and editors will be rounding up all of the very best deals through Cyber Monday.Top early Cyber Monday deals available right nowPeacock Premium plan: $0.99/month (80% off)Hulu x Disney+ bundle: $4.98 per month (55% off)Samsung 65-inch OLED 4K TV: $1,797 (40% off)Apple AirPods Pro (2nd Generation): $200 (20% off)Roku Streaming Stick 4K (2021): $25 (50% off)Revlon One-Step Hair Dryer: $25 (37% off)Hydro Flask 32 oz. Wide Mouth Bottle: $33 (26% off)Home Accents Festive Pine Christmas Tree: $50 (29% off)Kindle Paperwhite: $95 (32% off)Dyson v10 Absolute Cordless Vacuum: $400 ($200 off)$30 off Brightland Artist CapsuleBrightlandBrightland makes quality olive oil and vinegar with pretty, sun damage-proof bottles and this particular set was one of Oprah's favorites this year. It's discounted 20% for Cyber Monday, an excellent deal that includes four cold-pressed infused olive oils. Read our full review of Brightland22% off Big Fig MattressBig FigThe Big Fig Mattress is constructed for heavier individuals with firm support and a high weight capacity for both the bed and the foundation that comes with it. Save $300 on the Big Fig Mattress when you use the promo code WORTHIT at checkout.20% off Beats Fit ProBeats by DreBeats Fit Pro are among our top-rated wireless earbuds, thanks to Apple's wireless technology, solid noise-canceling, and flexible wingtips that tuck into the ear for a secure fit. They are are excellent everyday buds, but even better for fitness activities. $160 is the lowest we've seen it all year.60% off Google Nest Mini (2nd Generation)Best BuyThe Google Nest Mini is a compact and effective smart speaker that's powered by the very useful Google Assistant. Right now, it's one of the best prices we've seen for the device.40% off Eufy RoboVac X8AmazonThe Eufy Robova X8 features the brand's top features, including twin turbines, intelligent laser navigation, and intuitive smartphone controls. Down to $300, this is a solid deal with a $100 discount.40% off AllModern Williams Two-Drawer NightstandAllModernClass-up your bedroom with this mid-century nightstand, complete with two drawers and minimalist accents. This nightstand comes in walnut, acorn, white and gray finishes. It's on sale for $243, but you can get another 25% off with the code GET25.15% off All-new Kindle 2022Black Friday 2022 All-New KindleAmazonAmazon's newest Kindle is now on salw for $15 off. You can get it for just $85, which is a great deal if you're looking for a small, light-weight e-reader. The All-New Kindle is actually Amazon's lightest e-reader yet, weighing in at just over a third of a pound.25% off Jambys Long JambysJambysLong Jambys are sustainably made modal, which comes from tree fibers. The material is incredibly soft and comfortable. On sale for $55, this is a great deal on premium loungewear.30% off Nike Infinity ReactNikeDesigned to be lightweight and breathable, yet durable and responsive, the Infinity React 3 caters to the needs of most runners. Originally $160, they're currently on sale for $111.98.30% off Nomad Base One MaxNomadThe Nomad Base One Max is a compact but fast-charging wireless pad. It can support one smartphone and one smartwatch at the same time, and if you're charging a compatible iPhone, it has MagSafe features too. Nomad products are always expensive, but this model is more than $50 off today.20% off Goal Zero Lighhouse 600 Lantern & USB Power HubAmazonA reliable lantern is great in an emergency or an ordinary power outage. The Lighthouse 400 is one of our favorite lanterns, and the 600 provides even more lumens of adjustable light. You can charge the lantern in several ways, including via USB or a hand crank. Currently on sale for Cyber Monday, it's discounted 20%.33% off Corsair K70 RGB Cherry MX Mechanical KeyboardBest BuyMechanical keyboards give every keypress a satisfying sound and tactile response. Good mechanical keyboards can be expensive, but this weekend, this RGB-enabled model from CORSAIR — one of the best brands around — is $50 off.50% off Urban Decay Naked3 Eyeshadow PaletteSephoraFor creamy and pigmented neutrals, it's hard to beat Urban Decay's line of Naked eyeshadows. Urban Decay Naked eye shadow palettes can cost over $50, but for Cyber Monday, you can get the Naked3 palette for under $30. 15% off KitchenAid 3-Piece Pasta Roller & Cutter SetLily Alig/InsiderWith the KitchenAid 3-Piece Pasta Roller & Cutter Attachment Set, you turn your stand mixer into an all-inclusive homemade pasta maker. When you clip the coupon on the product page, you can save an extra $25, making it the lowest price we've seen in years. 40% off REI Co-Op Men's Trailbreak 30 Sleeping BagREITo find a premium sleeping bag that costs less than $100 is often a fool's errand but the REI Co-op Trailbreak 30 is the exception. With a temperature rating of 30 degrees, this bag is great for shoulder season camping and its 3-panel hood makes it easy to get nice and cozy when the temps get especially cold. This is just $60 during REI's Cyber Monday sale — you won't find a better deal.43% off Bissell SpinWave Robot VacuumJames Brains/InsiderThe Bissell SpinWave Robot Vacuum picked up all the pet hair on carpet in our tests and has a great assortment of mop attachments and accessories. The company is also committed to helping homeless pets and helps them find loving homes. During Cyber Monday, it's at an all-time low price.40% off Lego Classic 90 Years of Play Building Set (11021)WalmartThe Lego Classic 90 Years of Play Building Set (11021) comes with 15 mini builds, including a golden dragon and sphinx. During Cyber Monday, it's 40% off.45% off Hasbro Connect 4 GameWalmartThe gameplay is simple in this classic strategy game: take turns dropping discs into the grid, and the first person to get four discs in a row wins. During Cyber Monday, it's at an all-time low price.37% off Topo Designs Women's Dirt CoverallsREIAvailable in two colors, these coveralls feature a belnd of organically grown cotton and spandex for a broken-in feel and the right amount of stretch. It also has two spacious front pockets and a pair of back pockets for all your essentials.33% off Animal Crossing: New HorizonsAmazonAnimal Crossing: New Horizons is one of the best life simulation games around. Customize your island, collect fish and fossils to donate to the museum, or run around with friends — it's all up to you. And right now, you can pick up a copy of the game from Best Buy for only $40, which matches one of the lowest prices we've seen.30% off Outerknown Men's Blanket ShirtOuterknownOuterknown's famed Blanket Shirt comes in a wide range of flannel patterns, from neutral prints to bright colors, but the real sell is its sustainability: It's made from 100% organic cotton, with corozo buttons made from tagua palm nuts to replace plastic ones. Right now, you can snag it for 30% off.30% off MVMT Men's Legacy SlimMVMTMVMT makes some of our favorite affordable luxury watches, and all versions of this model are currently on sale for under $90. It features a minimalist analog design with different variations of watchbands, from brown leather to gold mesh.25% off Rhone Session 1/4 ZipRhoneRhone's Session 1/4 Zip is the perfect layer for pre or post-workout. It's a breahtable, lightweight pullover that also offers UPF50+ sun protection, and it's currently 25% off for Cyber Monday.20% off Ooni Koda 12 Gas Powered Pizza OvenOoniFor making restaurant-quality pizza at home, you can't go wrong with Ooni. The Kodak 12 can reach up to 950 degrees Fahrenheit and cook your pie in 60 seconds. Currently, you can score it for 20% off.35% off Mophie 3-in-1 15W Wireless Charging StandAmazonA stand built to charge your iPhone, Apple Watch, and AirPods at the same time, this 3-in-1 charger from Mophie gives you "super-fast" charging with 15W charging speed. It's currently priced the lowest we've ever seen, and makes a great addition to any desk or workspace.28% off LG 75-inch LED 4K Smart TVBest BuyWith $230 off, this is a fantastic deal for such a large TV. This LG 75-inch comes with everything you need — 4K, ultra high-definition, access to 300+ free LG channels, as well as WebOS compatbility with all the top streaming services like Netflix, Hulu, Disney Plus, and more.24% off Apple iPhone 14 Leather Case with MagSafeAmazonApple's leather iPhone cases are designed to perfectly hug and protect your device without adding too much extra bulk. They're also MagSafe compatible, super stylish, and sleek, with a variety of different available colors — some of which are currently down to only $45 for the iPhone 14.33% off Big Brain Academy: Brain vs. BrainAmazonBig Brain Academy is Nintendo's premiere brain-training game series. This entry includes hundreds of math, logic, and visualization puzzles to test your knowledge, all for only $19.99 — the best price we've seen for it.30% off OXO Brew Gooseneck Electric KettleAmazonDurable, fast, and cord-free, the OXO Brew Gooseneck Electric Kettle is a full-featured option to keep on your countertop. It includes adjustable temperature control, a built-in timer, and a 30-minute keep warm cycle. Down to only $73, this is a rare drop on a premium kettle.45% off Hamilton Beach Smoothie Electric BlenderWalmartThe Hamilton Beach Smoothie Electric Blender performs low-lift blending jobs at a budget price. This Cyber Monday deal puts it at an all-time low price.60% off JLab Go Air Pop Bluetooth EarbudsJLabJLab Go Air Pop Bluetooth Earbuds give you the true wireless experience without breaking the bank. During Cyber Monday, they're 60% off, the lowest price we've seen.$100 off LG 42-inch C2 OLED 4K TVAmazonThe C2 is one of the best OLEDs you can buy and it comes in a small 42-inch size that's perfect for gamers who want to use it as a monitor and TV. This $900 sale price is the best deal we've seen so far.54% off Amazon Blink Mini (2-Pack)BlinkAffordable and user friendly, the Amazon Blink Mini home security camera is an indoor security for first timers. It has both 1080p camera footage quality and a black-and-white night mode. Save 54% with an all-time low price on the security system this Cyber Monday.30% off BioLite Firepit+BioLiteAn elegant marriage of technology and design, the BioLite FirePit+ not only excels at grilling but comes equipped with an onboard battery and an airflow design that keeps smoke at a minimum. It's so good at keeping fumes at bay that we named it the best smokeless fire pit in our guide. Right now, you can save 30%, which is one of the best prices we've seen for it.52% off Roku PremiereAmazonWalmart is offering an exclusive deal on the Roku Premiere streaming player, offering 52% off the usual price. While we generally prefer the Roku 4K Streaming Stick thanks to its portability and small form factor, the Roku Premiere is good for people who prefer a traditional set-top box near their TV.28% off Tile Mate Bluetooth Tracker (2022)AmazonThe Tile Mate is designed to help you find easily misplaced items and attaches to keys, pet collars, and other important items. During Cyber Monday, it's at the lowest price we've seen this year.$40 off OXO Brew 8-Cup Coffee MakerAmazonSleek and minimal, Oxo's 8-cup-capacity coffee maker reliably delivers a great cup. Its double-wall, vacuum-insulated thermal carafe keeps the contents warm for hours, but it can also accommodate taller mugs if you're taking yours to go. Right now, you can save $40 with this Cyber Monday sale.$20 off Cosori 5-quart 9-in-1 Air FryerAmazonCosori makes reliable and affordable small kitchen appliances. This air fryer has a nonstick basket and, holding enough food for up to four people, it's perfect for small groups and spaces. You can get a 15% discount for Cyber Monday, plus an extra $5 off using the on-page coupon.40% off Lego Classic 90 Years of Play Building Set (11021)WalmartThe Lego Classic 90 Years of Play Building Set (11021) comes with 15 mini builds, including a golden dragon and sphinx. During Cyber Monday, it's 40% off.31% off Osprey Men's Skarab 18 Hydration PackAmazonOsprey's Skarab 18 hydration pack is perfect for trail runners and cyclists, featuring a 2.5-liter water reservoir and a comfortable design. It's on sale for $70 during REI's Cyber Monday sale.$10 off Tramontina Primaware 18 Piece Non-stick Cookware SetWalmartWhether you're replacing some old cookware or need to furnish your new kitchen, this 18-piece set has all of the essentials you need. It comes with three saucepans, two saute pans, a griddle, a Dutch oven, a foldup steamer, three spoons, and two turners for only $40.30% off Igloo 60 qt. EcoCool Roller CoolerIglooOwning a cooler with wheels is the definition of true outdoor luxury and this Igloo roller cooler is one of our favorites. It features a rugged design, an easy-to-use telescoping handle, and a pair of oversized wheels that can take on a variety of terrain. Pick one up for just $65 during REI's Cyber Monday sale.55% off Razer DeathAdder Gaming MouseAmazonDon't let the edgy name fool you — the Razer DeathAdder is a fantastic mouse for gamers, programmers, and even regular users. With rubber grips, eight programmable buttons, and an ultra-sensitive 20,000 DPI sensor, the DeathAdder is one of the best gaming mice around. And during Cyber Monday, the price has come down to about $31, which is a fantastic deal.20% off Baggu Standard BagguCara CaraBaggu is the gold standard in reusable bags. Not only are they cute as can be, but they can hold up to 50 pounds, are made of ripstop nylon, and come in over 40 fun colors and patterns. Right now, everything on the Baggu website is 20% off.$400 off LG 3.1.3 Channel Soundbar with Wireless SubwooferBest BuyIf you're setting up a home theater, the one thing you need above all else is a good subwoofer. And this LG soundbar comes with a sturdy wireless subwoofer so you can feel every explosion and bass note. Best Buy is selling it for $400 off right now, which is a fantastic deal for this model.$30 off Closca Helmet LoopCloscaFor bikers who commute to work (or just hate lugging around a bulky helmet), this one folds up to nearly half its size to be stashed away when not in use. Select colors are now available for under $50 on both the Closca website and retailers like Amazon.25% off The North Face Hydrenalite Down HoodieREIThe North Face Hydrenalite Down Hoodie is both stylish and functional, and is available in six different colors to match anyone's personal style. For REI's Cyber Monday sale, it's discounted to $150, which is $50 off its normal price.$35 off Lego Optimus PrimeAmazonLike its Transformers namesake, the Lego Optimus Prime can actually change from its robot form into a truck without needing to rebuild. This is a sought-after Lego set and it's at its lowest price ever on Amazon and Walmart.$22 off Super Mario OdysseyAmazonSuper Mario Odyssey has been called "the ultimate collect-a-thon," and one of the best games released for the Nintendo Switch. Right now it's down to $37, a rare and substantial discount for such a popular game.$63 off Furbo 360° Dog CameraFurboFurbo's newest dog camera rotates 360 degrees so you can keep an eye on your pet anywhere in the room. The 1080p camera has 4x zoom along with night vision. It's on sale for $147 during Cyber Monday which is an all-time low price.10% off Casper The Glow LightCasper/InstagramThe Casper Glow Light is a wireless, portable night light that uses intuitive gestures for a beautiful, streamlined experience. It's on sale for 10% off during the company's Cyber Monday event.25% off Dagne Dover Dakota Neoprene BackpackDagne DoverDagne Dover makes some of our favorite backpacks, beloved for their comfortable and sleek design. Right now, you can get 25% off with the code BFRIYAY25 for Cyber Monday.$44 off Everlane ReLeather Court SneakerEverlaneThe ReLeather Court Sneaker is a comfortable everyday sneaker made out of recycled leather. For the Cyber Monday sales event, they're priced down to $66, which is one of the best deals we've ever seen on these shoes.$100 off Vizio 70-inch MQ6 QLED 4K TVBest BuyVizio's latest MQ6 4K TV model uses quantum dots to deliver a wide range of colors. It doesn't support local dimming like some of the brand's more expensive models but $650 for a 70-inch QLED TV is a great price.20% off Atlas Coffee Club Sampler PackAmazonEach month, Atlas highlights single-origin, sustainably farmed coffee beans from a specific country. For Cyber Monday, you can pick up a 4-pack sampler box for 20% off its normal price.$60 off WD BLACK SN850X 1TB Internal Gaming SSDAmazonIf you're in the market for an upgraded internal SSD, this already affordable and high-performing configuration is now available at an all-time low price of $99.$50 off Fitbit LuxeThe Fitbit Luxe with a classic wristband being heldLisa Eadicicco/InsiderThe Fitbit Luxe is a great option for the fashionistas in your life who don't like the look of a traditional smartwatch. For Cyber Monday, it's on sale for $80 — the lowest price we've seen.$250 off Vitamix 5200 BlenderThe VitaMix 5200 Series Blender.AmazonThe Vitamix 5200 is an easy-to-use, easy-to-clean blender with the power and speed variation to handle any task. This is a pricey blender, so any discount is welcome, and $300 matches the price we saw during Black Friday.56% off Amazon Halo ViewIsabel Fernández and Crystal Cox/InsiderThe Amazon Halo View is a basic fitness tracker that offers a comprehensive suite of features designed to help improve your overall health and wellness. At just $35 during Cyber Monday, you won't find a better deal on a wearable as good as this.43% off Chamberlain myQ Smart Garage Door OpenerBest BuyThe Chamberlain MyQ Smart Garage Door Opener is a useful device that lets you open and close your garage door from anywhere with the companion mobile app on your phone. It was a reader favorite during Prime Day last year, and now for Cyber Monday, it's offered at its lowest price in a year.$120 off Sony WH-1000XM4 noise-canceling headphonesSonySony's WH-1000XM4 is our go-to pair of headphones for balance, sound quality, noise-canceling performance, and price. They're on sale for $228 for Cyber Monday, which is the lowest price we've ever seen them discounted to.$70 off Meta Quest 2 Bundle (256GB)MetaThe Meta Quest 2 VR headset (256GB) is now on sale with two free games. This special holiday bundle includes Beat Saber and Resident Evil 4 for $430. You can usually get the 256GB headset for $500 with Beat Saber, so this package saves you $70 and adds another free game.$50 off Theragun MiniTherabodyTherabody's fourth generation of massage guns introduced the Theragun Mini, a portable device that packs a percussive punch in a much smaller package. It's our favorite entry-level massage gun and it's on sale for $150 for Cyber Monday which is around the lowest price we've ever seen.$60 off Ring Floodlight Cam Wired PlusThe Home DepotRing's Floodlight Cam Wired Plus combines the standard Spotlight Cam with a set of motion-activated floodlights for better lighting. The camera itself streams and records at 1080p resolution and is also motion-activated, and it includes a siren and two-way talk. This Cyber Monday deal matches the lowest price we've ever seen.$50 off Roku StreambarBest BuyThe Roku Streambar is a compact soundbar that also acts as a streaming device, giving you an all-in-one option for crisp Dolby Audio and crystal clear 4K, HD, and HDR graphics. It's discounted by $50 to $80 overall, making this a great time to buy.Best Cyber Monday streaming dealsPavlo Gonchar/SOPA Images/LightRocket via Getty ImagesThere are tons of great streaming deals during Cyber Monday. See our review of the best streaming services to see which one the best for you.Discovery Plus: The service's Ad-Lite plan is already very affordable year round, but right now you can join the service for only $1 a month for your first three months. It's an excellent deal we only see during major deal events, like Cyber Monday.Disney+ and Hulu: During Cyber Monday, you get Hulu (with ads) and Disney+ (no ads) for just $5 per month for a full year. This deal saves you $11 per month off the regular price of the two services when purchased separately.HBO Max: HBO Max rarely sees discounts for subscribers, but now through November 28, new and returning subscribers can get their first three months of the ad-supported plan for only $6.Hulu: New and returning members can get their first year for only $2 a month when they sign up before November 28. Paramount Plus: Now through November 27, new and returning subscribers can get 50% off an annual plan of Paramount Plus, bringing the Essential plan down to only $25 for a full year of content. Peacock Premium: Now through November 28, new subscribers can lock in a year of Peacock Premium for $1/month. That's about 80% off the regular $5 monthly price.Stellar deals on tech brands from across the webApple; Amazon; Alyssa Powell/InsiderTech is synonymous with Cyber Monday, and we're seeing big discounts on TVs, computers, cameras, phones, accessories, gaming gear, and more. In addition to deals from major retailers like Amazon, Best Buy, Target, and Walmart, most tech companies are offering savings at their online stores. Here are our favorite companies whose products we've tested and trust.Adobe: Creative Cloud All Apps is 27% off for all users for the first year, 71% off for students and teachers for the first year; 40% off Adobe Photoshop Elements and Premier Elements.Anker: 20% to 25% off power banks and charging stations.Apple: Gift cards of varying amounts on qualifying purchases.Belkin: 25% off sitewide with code BF22.Bellroy: Up to 33% off phone cases, bags, wallets, and accessories.Case-Mate: Up to 60% off sitewide with code BFCM22, include LuMee, Pelican, and Fuel.CD Keys: Up to 96% off games for PC, Xbox, and PlayStation.Courant: 20% off sitewide on chargers and accessories.Dell: Up to 60% on laptops, desktops, and monitors.DJI: Up to 30% off select drones and cameras. Epson: Up to 46% off select printers, projectors, and business machines.Goal Zero: Up to 20% off select power stations, portable batteries, solar panels, lights, and more.Google: $50-$150 off Google Pixel Watch and Pixel 7 smartphones.GoPro: 15% off sitewide on cameras, accessories, and more.Griffin: 50% off sitewide on cables, chargers, batteries, and more.HP: Up to 71% on laptops, desktops, monitors, printers, and more.Incase: Up to 50% off sitewide on bags, laptop sleeves, cases, and more.Incipio: Up to 50% off sitewide on phone cases and accessories.Insta360: Save up to $75 on cameras.LastPass: 25% off until 11/29.Logitech: $30 off orders over $150 and $50 off orders over $250 with code BF22USD.Microsoft: Up to $600 off Surface Pro tablet laptops.Moment: Up to 60% off select phone cases, lenses, cameras, and other photography accessories.Motorola: Save up to $1,000 on select phones.Nikon: Save up to $1,000 on DSLR and mirrorless cameras, lenses, and binoculars.Nintendo: Save up to $20 or 33% on select games.Otterbox: Free shipping on orders over $50.Peak Design: Up to 30% off camera bags and accessories.Philo: New subscribers save 80% off their first month until 11/30 with code THANKS.Samsung: Up to $350 off Samsung Galaxy Z foldable smartphones.Satechi: 25% off sitewide with code BFCM25 or 30% off $150 or more with code BFCM30.Sony: Save up to $1,500 on TVs, cameras, headphones, and other consumer electronics.Speck: 40% off sitewide until 11/27; 50% off sitewide 11/27-11/28.Steam: 20%-90% off select games until 11/29.ZAGG: 40% off sitewide on ZAGG, Mophie, InvisibleShield, and Gear4 computing and mobile hardware and accessories.Shop big sales from nearly every major mattress brandLeesa/InstagramMattresses are an expensive yet important purchase. Fortunately, during Cyber Monday, you can save hundreds of dollars on top brands, including Casper, Purple, Nectar, and more. Don't know which mattress to buy? Our mattress expert has tested more than 60 mattresses and lists the best in our mattress guide. Also, check out our best Cyber Monday mattress deals hub.Amerisleep: Get $450 off any mattress and free accessories using the promo code AS450.Avocado: Get 10% off sitewide using the promo code SAVE10.Awara: Get $300 off any mattress and a free cotton sheet set, two latex pillows, and a mattress protector.Bear: Get 35% off sitewide and free accessories.Beautyrest: Save up to $800 on select mattresses.Big Fig Mattress: Get $400 off mattresses using the promo code FRIYAY.Birch: Get $400 off mattresses and two free pillows using the promo code FALLSALE400. Brooklyn Bedding: Get 30% off sitewide using promo code BFRIDAY30.Casper: Save up to $800 on mattresses using the promo code BFCM22-B.Cocoon by Sealy: Get 35% off the Chill mattresses and get a free set of sheets and pillows. DreamCloud: Get 25% off mattresses and $599 worth of accessories, including sheets, pillows, and a mattress protector. Emma: Get up to 50% off sitewide.Ghost Bed: Up to 50% off all mattresses and adjustable base bundles and get two free pillows.Helix: Save $150 when you spend $600 using promo code BFWKND150, save $250 when you spend $1,249 using promo code BFWKND250, save $300 when you spend $1,700 using promo code BFWKND300, save $350 when you spend $2,550 using promo code BFWKND350, save $400 when you spend $2,700 using promo code BFWKND400, and save $450 when you spend $2,950 using promo code BFWKND450. Plus, all purchases include two free pillows. Leesa: Save up to $700 on mattresses with two pillows included.Mattress Firm: Get up to 50% off mattresses during the Cyber Monday sale.Nectar: Get 33% off sitewide.Nest Bedding: Up to 50% off select mattresses.Nolah: Save up to $700 on mattresses and get two free pillows during the Cyber Monday sale.   Purple: Get $700 off the Purple Plus Mattress plus adjustable base.Saatva: Get up to $450 off select mattresses during the sale.Serta: Save up to $800 on select mattresses and mattress sets.Siena: Save $200 off any mattress.Sleep Number: Up to 40% off select beds.Tempur-Pedic: Get 30% off the Tempur-Pedic Cloud mattress when you use the Insider exclusive promo code BI30.Tuft & Needle: Save up to $750 on mattresses.Wayfair: Save on big-name mattress brands like Beautyrest and Sealy. Check out our Wayfair deals roundup.Zinus: Save up to 40% off select mattresses. Editor's note: Zinus is facing a class-action lawsuit claiming that fiberglass in the company's mattresses has led to serious health issues. Check out our full article on the lawsuit for more details.Zoma: Save $150 on all mattresses using promo code WIN150.Shop big deals on luggage from across the internetRachel Askinasi/InsiderTravel is back and it's a great time to stock up on those travel essentials you may have neglected in the past few years of pandemic. Below you'll find deals on our favorite luggage brands. Away: Up to 40% off suitcases and travel accessories. Check out our full round up of Away luggage deals.Baboon to the Moon: Up to 75% off bags and accessories.Bric's: Up to 50% off Bellagio, MyLife, Siena, and X-Bag lines.Delsey: Save 30% to 60%, plus free shipping.July: Save $30 when you spend $300, $100 when you spend $600, and $200 when you spend $1,000. Monos: Up to 40% off sitewide with code EARLYBF2022. Check out our full round up of Monos luggage deals.Nomatic: Up to 30% off luggage and 50% off travel accessories.Paravel: Up to 30% off, including Oprah's favorite foldable backpack.ROAM: Free Market Tote or Travel Pouch Set with the purchase of any piece of luggage, backpack, or duffel.Samsonite: 30% off sitewide and free shipping.Solgaard: Take 15% to 50% off sitewide. Travelpro: More than 70% off select suitcases and bags, plus save $30 when you spend $200 and $60 when you spend $300.Tumi: 40% off select suitcases, backpacks, and bags.Take 20% off Apple AirPods Pro (2nd generation)AppleThe AirPods Pro (2nd generation) is the latest addition to their AirPods Pro series, a line of mid-range earbuds that feature spatial audio and noise canceling. And for just $200, this is the lowest price we've ever seen.8% off the 2022 12.9-Inch 6th-Generation iPad ProAppleWhile not a huge discount, this 8% deal is rare for such a newly announced Apple device. If you're looking to get the latest 12.9-inch iPad, this deal helps you save $100. If you're not sure you want the latest model, we can help you find the right iPad for your needs.30% off the Oxo Good Grips 7-Piece Pop Container SetAmazonAirtight containers are a must-have for any kitchen. You can store all your baking necessities, including flour, sugar, brown sugar, and more. We can't recommend the Oxo Pop containers enough because they keep cupboards and pantries organized and food fresher. Right now, you can save 30% on this set, which comes with two medium square containers, two tall medium containers, and three small ones.$21 off the Allbirds Women's Wool Runner in Hazy CargoAllbirdsThe Wool Runners are some of Allbirds' most popular shoes, and they hold up really well after years of wear. Coming in a green "Hazy Cargo" colorway, this pair of Allbirds pairs well with all your fall neutrals, and they're more than $20 off. Other hues have a similar discount, while the teal and burgundy colorways are down to $64.24% off the Petkit Eversweet Pet Water FountainAmazonThis two-liter water fountain is designed for cats and small dogs. It uses a circulation system to provide oxygenated, fresher, and better tasting water for your furry friend. Right now it's down to only $34, a rare price drop from its typical retail price of $46. We saw a slightly better deal on Black Friday, so it might drop again on Cyber Monday. For more pet deals, we've rounded up Chewy's best Cyber Monday discounts.$1,500 off the LG C1 OLED 83-Inch 4K TVBest BuyLG's C1 beautifully balances performance and design, and the 65-inch model is the top pick in our guide to the best 4K TVs. The OLED panel delivers incredible image quality with an infinite contrast ratio. If you're looking for a giant TV for your entertainment system, the 83-inch is the largest available size and is at an excellent all-time low of $3,000.Save $30 on the Fitbit Versa 3FitbitWith automatic activity tracking and a large screen, the Versa 3 has nearly all the perks of the Fitbit line at a not-totally-absurd price point plus a stylish design. It's now available on clearance, so you can get it with a sweet $30 discount.Save 14% on the Apple Magic Keyboard for iPad Pro 12.9-inchAppleApple's Magic Keyboard is designed to seamlessly attach to the iPad Pro with a comfortable and responsive typing experience, trackpad, and a USB-C port. It's a great way to boost your productivity from your tablet, especially at this excellent price of$300.50% off the Amazon Fire HD 10 TabletAmazonWith 32GB of internal storage, a 1080p HD display, and loads of features like Alexa integration, the Fire HD 10 is one of the most versatile, yet affordable tablets you can buy. Currently on sale for 50% off, it's an even better deal at $75.25% off Bombas SocksBombasBombas makes some of the best socks we've ever tested — even at full price. Right now, you'll save 10% on packs plus an extra 25% on your order, bringing this 8-Pack down to $75.60. Read our full review and shop the entire site.$230 off the Vitamix Professional Series 750 BlenderWilliams SonomaThe Vitamix Professional Series 750 has everything you need in a blender, and its proven longevity makes it worth the price. This Cyber Monday deal is the lowest price we've seen by $60. Check out more Vitamix blender sales going on now.40% off the Everlane Everyone Denim JacketEverlaneFeaturing unisex styling, the Everyone Denim Jacket is easy to wear and style for everyone. Right now, it's $59 — bringing the price down nearly $30.$110 off Fitbit SenseFitbitThe Sense smartwatch has a ton of added features, focusing on heart health and stress management, giving you a more holistic look at your well-being. It's on sale for $140 during Cyber Monday, which is an excellent deal considering how feature-rich this smartwatch is.$80 off Bowflex SelectTech 552 dumbbellsNautilusThe Bowflex SelectTech 552 Adjustable Dumbbells allow you to adjust the weight of each dumbbell anywhere from 5 to 52.5 pounds. They're on sale for $350 for Cyber Monday, which is one of the lowest prices we've ever seen them at, making them a great deal for anyone looking to add to their home gym.19% off Nike Air VaporMax 2021 FKNikeFeaturing a full Air midsole and a Flyknit woven upper, the Vapormax 2021 uses several of Nike's most advanced technologies. Right now, they're 19% off.$50 off Bonobos Stretch Washed Chino 2.0NordstromTaking on the look of classic chinos, this pair features added stretch for comfort. At 50% off, this is a good time to add more colors to your wardrobe.$20 off Elden RingElden Ring / FromSoftwareThis 2022 Game of the Year nominee from the creators of Dark Souls is a challenging adventure, even for experienced gamers. This is one of the best prices we've seen since it released in February.Save up to 40% on Monos luggageMonosShop all Monos luggage dealsBest known for its carry-on with a front pocket fit for a laptop, Monos is home to some of the best luggage and travel accessories we've tested. The travel brand has made a name for itself with its suitcases' convenient organization, as demonstrated by its Pro Plus Carry-on with extra storage space.Travelers can save up to a rare 40% on carry-ons, full-sized luggage, and travel accessories with the code EARLYBF2022. Shoppers can also expect to see discounts of up to 50% off on November 25-27 with the code BLACKFRIDAY2022, and up to 30% off on November 28-December 4 with the code CYBERWEEK2022. $150 off Apple 24-inch iMac M1 2021Apple$150 off Apple's 24-inch iMac running on the powerful M1 processor only makes a dent, but it's still the best price we've seen for this model. If you've been looking for a powerful all-in-on computer that will last a long time, the 24-inch iMac with a deal is a great option.$150 off KitchenAid 5-qt. Artisan Series Fresh Prep Attachment BundleKohl'sOne of the best deals we've seen on KitchenAid stand mixers is this bundle, which combines a 5 quart Artisan mixer with food processing attachments. This matches the sale price we've seen at other retailers, but also includes the Fresh Prep attachment, which usually retails for $60. The deal is available in three colors.30% off Casper Essential PillowAmazonWe're fans of Casper's pillows; we ranked the Original as the best pillow for side sleepers in our buying guide to the best pillows you can buy. The Essential pillow is soft and breathable on the outside and supportive on the inside. At $30, it matches the lowest price we've come across this year.$25 off Sonic FrontiersSegaPlaystation 5Xbox Series X Nintendo SwitchThe latest Sonic the Hedgehog game was released earlier this month and it's already 50% off for Cyber Monday. The game's "open zone" format is new for the franchise but it's gotten generally favorable reviews since its launch.$20 off Everlane Alpaca CrewEverlaneWith over 2500 reviews and four and a half stars, the alpaca crew is an Everlane staple. It comes in 12 colors and is 20% off on Cyber Monday.20% off Seresto Flea and Tick Collar for Large DogsChewyThe Seresto Flea and Tick Collar offer eight months of protection against fleas and ticks in all life stages. It's the only flea collar on the market that we recommend for dogs. For Cyber Monday 2022, Chewy is offering a rare deal we only see a few times a year.30% off PlayStation DualSense Wireless ControllerThere are a number of steps you can take at home with your PS5 console to resolve the connectivity error.YELIM LEE/AFP via Getty ImagesThe PS5 controller is one of the best in the industry thanks to its haptic feedback, built-in microphone, and adaptive triggers. The Cyber Monday discount extends to other colors of the controller, like black, purple, & red.30% off Yeti Rambler 10 oz Wine TumblerAmazonNow 30% off, the Yeti Rambler holds up to 10 ounces of your favorite wine whether you're on a camping trip or on the back patio. The stainless steel interior paired with the double-wall vacuum insulation is what keeps your drink exactly at the temperature you like.40% off Ninja Foodi Two-Basket Air FryerJen Gushue/InsiderThe Ninja Foodi Two-Basket Air Fryer lets you cook two separate dishes at once, and you can time them to finish simultaneously to take the guesswork out of your dinner routine. During Cyber Monday, it's at an all-time low price.$30 off The Legend of Zelda: Breath of the WildNintendoThe Legend of Zelda: Breath of the Wild is the definitive adventure game on the Nintendo Switch, sending players on a sprawling journey across a fantasy world with hundreds of secrets to discover. Right now Walmart is selling it for only $30, a rare discount that puts it at the lowest price we've ever seen.25% off Hydro Flask ToteHydro FlaskThe Hydro Flask Tote makes for the perfect travel bag, especially when storing food because its lightweight, insulated, and fully lined. For Cyber Monday, the tote is 25% off.35% off our favorite do-everything Instant PotJen Gushue/InsiderThe Instant Pot Duo Crisp is a pressure cooker, slow cooker, air fryer, and sous vide machine all in one, making it one of the most useful and economical small appliances we tested. While it's not the lowest we've seen it, it's the best price in months.See our guide to the best Instant Pots and electric pressure cookers.$50 off Oral-B iO Series 6 Electric ToothbrushAmazonStart and end every day with the Oral-B iO Series 6 Electric Toothbrush, now 40% off for Cyber Monday. Complete with five Smart Modes and technology that stores your brushing patterns, this brush comes with one more plus a travel case.$270 off Samsung 75-inch Class TU690T Series LED 4K UHD Smart Tizen TVBest BuyIf you're in need of a large screen for your living room, this Samsung TV is one of the best budget options you can find. While it may not have Samsung's latest display technology, this smart TV is fully featured with support for Alexa and Google Assistant, as well as Apple's AirPlay.17% off Bose QuietComfort II EarbudsAmazonThe Bose QuietComfort II Earbuds are the second rendition of the wireless earbuds, and they're easily one of the best noise-canceling earbuds on the market. At $50 off, they're currently at the lowest price we've seen. $20 off Apple AirTag 4-PackAppleApple's wireless trackers are compatible with the FindMy app on iPhone and iOS devices, and this matches the lowest price we've seen since their release. Just remember, you'll need a keychain holster or something else to keep them attached to your belongings.50% off Headspace subscriptionHeadspaceIf you're looking to exercise some mindfulness, a subscription to Headspace is a perfect place to start, especially at 50% off. The app offers easy-to-navigate guided meditations — from one-off sessions to help with burnout, to full-blown courses on stress and anger — from a variety of teachers, each with different perspectives.$50 off the Xbox Series STargetThe Xbox Series S is one of Microsoft's two current generation consoles, along with the Xbox Series X. Both consoles play the exact same games, but there are differences, most notably that the Series S does not include a disc drive so you can only play digitally downloaded titles. It's currently $50 off, an excellent deal for this powerful and popular console.  51% off Rosyclo Cloud SlippersAmazonWhile not the exact same pair, these cloud slippers are nearly identical in design to the ones our executive editor Sally Kaplan owns and loves. Your discount will depend on the size and color you select, but we're seeing an average savings of 51% on these trendy cloud slippers.20% off Apple MacBook Air M1 (2020)Amazon$200 off the M1 MacBook Air is a superb deal, especially when you consider the M2 MacBook Air starts at $1,200, and isn't usually discounted below $1,000.43% off Lego Classic Bricks and AnimalsWalmartA great gift for the creative builder in your life, this set includes 1,500 pieces for endless construction. At an all-time low price for Cyber Monday, this is an excellent price for a full set, especially when deals on classic Lego kits are so rare.$96 off Wüsthof Classic Hollow Edge 2-Piece Chef's Knife SetAmazonWüsthof is one of the top names in knife making. This set features a 6-inch chef's knife and a 3.5-inch paring knife, which should cover you for most tasks. During Cyber Monday, it's at an all-time low price.$200 off iRobot Roomba i3+, our favorite robot vacuumiRobotThe iRobot Roomba i3+ does more than your average robot vacuum. It develops personalized cleaning schedules and empties itself. It also does an outstanding job of cleaning. That's why we made it the top pick in our robot vacuum guide. Usually, it costs more than your average robot vacuum, but during Cyber Monday, it's at the lowest price we've ever seen.$10 off Best Friends by Sheri The Original Calming Donut Dog BedChewyThe Best Friends by Sheri the Original Calming Donut Dog Bed has a rounded shape that cradles a dog and helps them calm down naturally. It's our top pick for the best calming dog bed and rarely goes on sale. Right now, you can get it for its lowest price ever on select colors.Read our guide to the best dog beds.33% off Razor A Kick ScooterTargetIt doesn't have all of the whistles and bells of an electric scooter, but a Razor A Kick Scooter will still be fun to ride. It's built durably and can collapse to be carried around. During Cyber Monday, it's 33% off, which is the best deal we've seen since 2020.18% off Kasa Smart Plug Ultra MiniAmazonThese smart plugs are low-profile enough to fit behind most furniture and are easy to use for basic smart home functions. During Cyber Monday, they're at the best price we've seen in months.27% off Cetaphil Daily Hydrating LotionTargetDrugstore skincare brand Cetaphil has a cult following among budget-savvy shoppers. The brand's products are formulated for sensitive skin and are fragrance-free. For Cyber Monday, the Daily Hydrating Moisturizer is down $4 from its typical price since this summer. Save up to 38% on Cetaphil's other cleaners and moisturizers too. Read our guide to the best skincare brands for more information on Cetaphil.37% off Anova Culinary Nano Sous Vide Precision CookerAmazonThe Anova Precision Cooker Nano offers accuracy and ease of use at a price unmatched by other sous vide machines. This model rarely goes to a lower price, so it's a good time to buy.See our guide to the best sous vide machines. 50% off Bonobos Stretch Washed Chino 2.0NordstromWith the style and fit of classic chinos, this pair features added stretch for comfort. At 50% off, now is a good time to add more colors to your wardrobe.25% off Bissell Little Green Proheat Portable Carpet CleanerWayfairBissell makes some of our favorite carpet cleaners, and the Little Green ProHeat is a fantastic cleaner for removing stains and messes. During Cyber Monday, save 25% off.Check out our guide to the best carpet cleaners.$200 off JBL Boombox 2AmazonWhen you need music for your gathering, the JBL Boombox 2 brings powerful sound and bass to keep the party going. It's one of the best Bluetooth speakers that you can get, and right now it's on sale with an excellent and rare $200 discount.40% off SodaStream Terra Sparkling Water MakerAmazonIf you're a seltzer fan, then you should consider investing in a sparkling water maker. The Terra is SodaStream's newest model that is also cordless. It comes with one CO2 cylinder and a bottle of lime Bubly Drops. For Cyber Monday, it's an all-time low price.39% off Coway Airmega AP-1512H True HEPA PurifierCowayCoway makes some of the best air purifiers on the market. The AP-1512HH is a reliable compact unit with a 4-stage filtration system that reduces up to 99.6% of air pollution particles. This Cyber Monday deal is the lowest price since early 2021.$30 off Philips SmartSleep Connected Sleep and Wake-Up LightSuzy Hernandez/Business InsiderThe Philips SmartSleep Connected is our top pick for the best sunrise alarm clock. It will help you fall asleep gently and wake up on time by creating stunning sunset and sunrise simulations. Right now, it's 15% off, an all-time low price that we haven't seen since last year.See our guide to the best sunrise alarm clocks.60% off Beats Solo3 Wireless On-Ear HeadphonesBeatsWhile not the newest headphones in the Beats lineup, the Beats Solo3 are still a solid pair of over-ear cans. They don't offer noise-canceling capabilities, but they're still a versatile pair of headphones that deliver balanced sound and 40 hours of listening time. At $80, they're at an all-time low for Cyber Monday with the best price we've seen.13% off TeeTurtle Reversible Narwhal PlushieAmazonMore than just a cuddly stuffed animal, TeeTurtle's reversible plushies let you express your mood. Don't feel like talking to anyone? Just turn the animal to the frowny face side. For Cyber Monday, the narwhal stuffie is a modest 13% off.40% off TikTok's favorite vegetable chopperAmazonOne of TikTok's favorite gadgets, this chopper can dice an entire onion with just a single push of your palm. For Cyber Monday, it's the lowest price we've seen in months at around 40% off. As a bonus, it comes with a spiralizing attachment for making zoodles.62% off National Tree Company Pre-Lit Artificial Full Christmas Tree, 6.5 FeetAmazonIf you're still in the market for a Christmas tree, this 6.5-foot pre-lit Dunhill Fir tree is steeply discounted at 62% off for Cyber Monday; the lowest price we've ever seen for this tree.30% off sauces from Fly By JingFly by JingFly By Jing makes one of our favorite chili crisps, and the By Jing box offers a range of Sichuan sauces, including the tangy Zhong sauce and potent Mala spice mix. At 30% for the first time ever, it's the perfect foodie holiday gift.20% off Olaplex Hair Perfector No 3 Repairing TreatmentAmazonThough pricey, Olaplex's Hair Perfector is a cult favorite in beauty circles. At 20% off, it makes a thoughtful gift for anyone heard complaining about their split ends in the winter, this immensely popular hair treatment repairs brittle, dry hair and adds much-needed moisture.30% off Amazon Smart ThermostatAmazonThe Amazon Smart Home Thermostat is a simple, inexpensive smart home thermostat to control your home's temperature. It doesn't have a microphone or camera, so Alexa voice commands rely on another voice-enabled Alexa device, like an Echo smart speaker. Certain energy providers will provide benefits for switching to an energy-saving thermostat like this one, so be sure to check with yours. Right now, the thermostat is down to an all-time low price.20% off Sengled Smart Light BulbSengledSengled's smart color-changing light bulb is significantly more affordable than bulbs from big names like Philips. For about $12, this single bulb is more affordable than ever.50% off Casper Essential PillowAmazonWe're fans of Casper's pillows; we ranked the Original as the best pillow for side sleepers in our buying guide to the best pillows you can buy. The Essential pillow is soft and breathable on the outside and supportive on the inside. At $30, it matches the lowest price we've come across this year.26% off Hydro Flask Wide Mouth BottleMarathon SportsHydro Flask makes some of our favorite water bottles — they're basically indestructible without being bulky or heavy, and keep hot and cold beverages at their original temperature for at least 12 hours. It's a solid, pragmatic gift for anyone who complains about forgetting to hydrate or is on the hunt for a reliable thermos.See our guide to the best water bottles. 37% off Revlon One-Step Hair DryerAmazonThis hair tool combines styling, drying, and volumizing your hair into one simple step. It's comparable to the expensive Dyson Airwrap, but for a fraction of the cost. Down to $25, this is one of the best deals we've seen for it all year.See our guide to the best hair dryers. 50% off Roku Streaming Stick 4K (2021)RokuCompared to the Roku Streaming Stick+, the new Streaming Stick 4K provides an improved viewing experience by adding support for Dolby Vision. This advanced high dynamic range (HDR) format can provide better picture quality on TVs that support it. Right now you can get it on sale for only $25, the best price we've seen for it yet.50% off It Takes TwoAmazonThe 2021 game of the year is an entirely cooperative game that lets a friend join-in online, even if they don't own the game. This price matches the lowest we've seen to date.40% off Samsung 65-Inch Class OLED TVAmazonSamsung's first 4K OLED is also one of the very first OLED TVs to feature quantum dots. This technology allows the display to produce a wider range of colors than typical OLEDs. $1,800 is a new low price for this brand-new high-end set.50% off Melissa & Doug PAW Patrol PAWtroller Activity CenterTargetIf there's a little one in your life who loves Paw Patrol, this activity center will provide hours of fun. You can grab it for 50% off during Target's Cyber Monday sale.$500 off Hydrow rowing machinesHydrowThe Hydrow Connected Rower is the Peloton of at-home rowing machines, bringing interactive rowing workouts right to your living room. It's on sale for $500 off its normal price during Best Buy's Cyber Monday sale which is one of the lowest prices we've seen it at.Check out our review of the Hydrow to learn more about what makes this a stellar piece of exercise equipment. 29% off the De'Longhi La Specialista Arte Espresso MachineAmazonDe'Longhi is one of the best brands for home espresso makers. The Specialista Arte is one of our recommended mid-range makers and has the unique feature of a built-in tamper. This is the best price we've seen in six months on this machine.Read more about the best espresso machines we've tested here.12% off the MacBook Pro 13-inch M2AppleThe 13-inch MacBook Pro is more capable than ever. Supercharged by the next-generation M2 chip, it's Apple's most portable pro laptop, with up to 20 hours of battery life and 12% off retail. It's a surprisingly good deal when you consider this new MacBook was just released in 2022.25% off the GE Profile Opal Nugget Ice MakerWalmartOne of the few nugget ice makers on the market, the GE Profile does one task perfectly: making chewable nugget ice. It's a bulky and pricy appliance, but the unique production is worth it if you're a nugget ice loyalist. For Cyber Monday, it's $130 off the usual price, so it's a great time to buy the ice maker of your dreams. You can read more about why we love this deal here.Save 20% on a Dyson Airwrap, plus get free accessoriesDysonWith new barrels to curl and wave in both directions, brushes to control and shape, and the multi-functional Coanda smoothing dryer to dry, smooth, and hide flyaways. Existing Dyson customers can save 20% off using the code e-mailed to them on November 21. Both new and returning customers can claim $125 in free gifts with their purchase.For more information, check out our Dyson Airwrap Cyber Monday deal guide. Save $400 on our favorite mattress and get $600 in free accessoriesDreamcloudOne of our favorite mattresses, the DreamCloud Premier Hybrid Mattress offers an impressive array of features, including excellent support, a firmness that will appeal to most sleepers, and a long trial period and warranty. During the Cyber Monday sale, you can save $400 and get $599 of accessories included.Save 30% on the Apple Watch Series 7Antonio Villas-Boas/InsiderThe Apple Watch Series 7 is extremely similar to the new Series 8. It's only missing Crash Detection, body temperature sensing, and a new Low Power Mode that gives the Series 8 up to 36 hours of battery life. With that in mind, you can easily justify the $120 in savings with this deal on the Series 7.See our guide to the best Apple Watch. Save 33% on the Dyson Cyclone V10 Absolute Cordless Stick VacuumWalmartDyson vacuums are the cream of the crop, and this Cyber Monday deal for the Cyclone V10 is the best we've seen in years. Equipped with a sensor to detect whether you're vacuuming a carpet or hard floor, it's the perfect vac for any room in the house. See our guide to the best vacuums. 57% off Madden 23AmazonJust released in August, Madden 23 is the newest iteration of the ever-popular EA Sports NFL video game franchise. Down to just $30, this deal is an absolute steal — and the perfect holiday gift for the football lover or sports gamer in your life. 50% off Columbia Tipton Peak Insulated JacketColumbiaColumbia jackets are ideal for layering in cold weather, as they are warm, but not too bulky. If you're looking to upgrade for this winter, 50% off this Tipton Peak Insulated Jacket is a fantastic deal for you. See our guide to the best winter coats. 50% off Kiehls Ultimate Shave CollectionNordstromWith $72 worth of product, this gift set of men's shaving products from cult favorite brand Kiehl's is a great deal at $33.60. If you use your Nordstrom card to purchase, you can also earn a $60 Note to be used on a future purchase.41% off the ASUS Chromebook C203XAAmazonThe Asus C203XA is designed with military-grade durability, a spill-resistant keyboard, and an anti-scratch finish, making it the perfect choice for students and classrooms. Down to only $142, this is the best price it's seen in months.See our guide to the best Chromebooks. Save $90 on the Dewalt Compact Drill/Impact Combo KitAmazonThis 20-Volt MAX Brushless Compact 2-Tool Combo Kit includes 1 cordless Drill/Driver, 1 cordless Impact Driver, two 20-Volt MAX Lithium Ion Batteries, 1 charger, and a carrying bag. During The Home Depot's Cyber Monday, it's 35% off.See our guide to the best cordless drills. 75% off LifeStraw Personal Water FilterAmazonLifeStraws are portable filters that can make even some of the murkiest standing water drinkable. For backpackers and hikers, a LifeStraw can be an invaluable tool in dire situations. Down to only $13, now is a great time to buy one.44% off Chewmeter Himalayan Yaky Cheese ChewsChewyMade with potato starch and cheese, among other ingredients, Chewmeter's dog treats are rawhide-free. They were about a dollar less during Amazon's Prime Early Access Sale in October, but have been above $20 for most of the year. 50% off JBL Tune 510BT Wireless On-Ear HeadphonesJBLQuality over-ear headphones can get pricey, but these wireless ones from JBL offer great sound and up to 40 hours of play when fully charged. RIght now, they're a steep 50% off, costing right under $25. Lowest price of the year on an Insider subscriptionInsiderInsider is offering its annual subscription at its lowest price of the year as a Black Friday and Cyber Monday deal. You'll get access to in-depth reporting, exclusive stories, pitch decks, salary databases, and more. This deal expires on November 28.Rare $10 discount on Ring Fit AdventureAmazonRing Fit Adventure is a fitness-centric game that challenges you to get off the couch and perform crunches, sit-ups, and more to defeat enemies. It even comes with a special accessory called the Ring-Con to track your movements. This game rarely goes on sale, so this $10 discount from Amazon is a good deal.Save $50 on the internet's favorite frying panOur PlaceThis sleek, matte pan is an incredible gift for minimalists: It's designed to replace eight pieces of cookware, functioning as everything from a pot to a frying pan. Normally $145, you can get it for $95 for Cyber Monday.See our guide to the best nonstick frying pans. 28% off Otherland candlesOtherlandOtherland is a hot candle brand right now, known for its creative packaging and custom gift sets. For Cyber Monday, you can get 28% off a three-pack and 35% off six-packs and nine-packs.See our guide to the best places for buying candles. $100 off the new Pixel 7GoogleThis is the lowest price for Google's newest smartphone, the Pixel 7. Launched only a month ago, the Pixels are desirable Android phones, thanks to their fast performance, great image quality from the cameras, and stock Android.See our guide to the best smartphones. 50% off the Litter Genie PlusAmazonThe Litter Genie keeps odors from cat litter waste concealed. Deputy Editor Lauren Savoie likes that it holds several weeks' worth of waste so she doesn't have to take the trash out every time she scoops. For Chewy's Cyber Monday sale, it's marked down to 30% off its usual price, and over at Petco, it's 50% off — an all-time low price.Save $40 on the Theragun MiniTherabodyTherabody's fourth generation of massage guns introduced the Theragun Mini, a portable device that packs a percussive punch in a much smaller package. It's our favorite entry-level massage gun and it's on sale for $160 during Cyber Monday, which is around the lowest price we've ever seen.Buy one, get one on Masterclass subscriptionsMasterClassMasterClass is one of our favorite online learning platforms and for $180, you can get a second membership free to gift when you buy the first one. It makes for a great last-minute present and a fun way to bond with someone as you watch classes remotely.$50 off DNA kits from AncestryAncestryDNAAncestry DNA makes our favorite DNA kit, and all its DNA kits are discounted for Cyber Monday. The cheapest one is the standard kit, coming in at $59 (normally $99).20% off our favorite bathrobe from BrooklinenBrooklinenMade from 100% Turkish cotton, this super-soft robe is the ultimate luxury gift. For Cyber Monday, you can get 25% off all Brooklinen products when you check out.32% off the Kindle PaperwhiteAmazonThe Kindle Paperwhite is our favorite Kindle model so far for its big screen and adjustable warm light. At 32% off, you can snag it for under $100 to gift to the avid reader in your life.Save $70 on TCL's 55-inch 5 Series 4K Roku TVBest BuyTCL's 55-inch 5 Series 4K Roku TV delivers an impressive balance between image performance, smart connectivity, screen size, and cost. Down to $430, this discount matches deals we've seen for it in the past.Take 27% off the Nespresso's Vertuo coffee makerWilliams SonomaNespresso's Vertuo machine makes rich, frothy espresso at the touch of a button. This isn't the lowest price we've seen, but it does match last Black Friday's deal, and it's still a solid discount.Save 20% on the GoPro Hero 11 BlackThe GoPro Hero 11 Black with its recognizable form-factor. Like the Hero 9 Black and Hero 10 Black before it, there's a front screen for framing a shot — useful if you're vlogging or live-streaming.Les Shu/InsiderGoPro's best camera yet, the Hero 11 Black shoots incredible videos with smooth stabilization better than ever. For Cyber Monday, you can save $100 (20%) off the regular priceTake 50% off the Shark Vertex DuoClean PowerFins Upright VacuumAmazonThe Shark Vertex DuoClean PowerFins Upright Vacuum (AZ2002) is easy to use and has powerful suction that gets the job done on hardwood and carpeting. This Cyber Monday deal matches the lowest price we've seen.Save 24% on an HP OMEN laptopHPHP's OMEN laptops are high-performance computers that are great for creative tasks and gaming. This one is loaded with an Intel Core i7 processor and Nvidia GeForce RTX 3060 graphics. Add in 16GB of memory and a 1TB hard drive, the $1,200 sale price makes it a terrific buy for a high-end machine.Save 33% on a Sony 65 Inch 4K Ultra HD TVAmazonSony's 2022 midrange LCD TV is a solid pick for buyers who want a good all-around 4K display. It has local dimming for improved contrast, along with wide color capabilities and support for the Google TV streaming platform. This $1,000 deal price is a new low for the 65-inch model.Save $150 on the Traeger Pro Series 22 Pellet GrillHome DepotTraeger is one of our favorite grill brands, and the Pro Series 22 Pellet Grill is an excellent option for easy precision grilling and smoking. During Home Depot's Cyber Monday sale, you can save $150 off its regular price.Save 40% on the internet's favorite coatMaria Del Russo/InsiderDubbed by the internet as the "Amazon coat," this down jacket actually lives up to its hype of blending style with warmth and functionality. It comes in a range of colors from muted neutrals to bright red or yellow and is a perfect, practical gift as the winter season gets colder. The discount you'll receive depends on the color and size you choose, with an average deal of 40% off.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 28th, 2022