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Chautauqua"s $2.26B Build total includes $9M revival of former Welch Food HQ

Town of Westfield Supervisor Martha Bills calls the potential impact from the renovated Welch Foods Inc. headquarters a “building block.” “We have out-of-town interests willing to invest $9 million in a landmark building and change the culture of that building,” Bills said. “This is not a cliché when I call it a game changer for our town and this part of” Chautauqua County. Rant LLC, a St. Louis-based developer, partnered with Buffalo’s Savarino Cos. to renovate the former Welch….....»»

Category: topSource: bizjournalsNov 25th, 2021

100+ early Cyber Monday deals you can shop now: AirPods Pro, Roku, Vitamix, and more

Black Friday has ended, but you can shop early Cyber Monday deals now. Save big at Amazon, Walmart, Target, Best Buy, Nordstrom, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Alyssa Powell/InsiderCyber Monday is the online shopping-focused sibling to Black Friday, and the event brings equally great discounts and sales straight to you. It's going live on November 29, but many retailers are holding early Cyber Monday sales or continuing Black Friday deals through the weekend.Historically, the event has always been a great time to shop for tech, smart home, and gift cards — though stock is typically very limited. Acting fast is key to getting a good deal, so it's important to know what you're shopping for ahead of time. Don't worry if you see the dreaded "out of stock" symbol — other retailers might have the product you wanted in stock with a similar deal, and we've seen discounts come back throughout the event, sometimes on the same day.At Insider Reviews, we test products all year and track their price history so we can give you solid buying advice during big shopping events like Cyber Monday. Tons of deals are available now on products we love and trust, and we're highlighting the best ones below.The best Cyber Monday deals available nowBest Cyber Monday 2021 tech dealsApple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $159.99 FROM AMAZONOriginally $249.99 | Save 36%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$159.00 FROM WALMARTOriginally $249.00 | Save 36%$209.00 FROM B&HOriginally $249.00 | Save 16%Roku Streambar 2020Too much clutter under the TV? The interesting Roku Streambar combines all of the features of a Roku 4K player with a compact soundbar.$79.98 FROM AMAZONOriginally $129.99 | Save 38%$79.98 FROM BEST BUYOriginally $129.99 | Save 38%$79.98 FROM TARGETOriginally $129.99 | Save 38%$99.00 FROM WALMARTOriginally $129.99 | Save 24%Google Nest Hub (2nd gen)The Google Nest Hub is a smart display with a unique Sleep Sensing feature to help you monitor your sleep habits. $49.99 FROM KOHL'SOriginally $99.99 | Save 50%$49.98 FROM WALMARTOriginally $99.98 | Save 50%$49.99 FROM BEST BUYOriginally $99.99 | Save 50%Apple Watch Series 7Much more than a timepiece, the Apple Watch can also be used for keeping track of workouts, making phone calls, sending text messages, setting timers and alarms, counting calories, and more.$379.99 FROM AMAZONOriginally $399.00 | Save 5%$379.99 FROM WALMARTOriginally $399.00 | Save 5%$399.00 FROM APPLEApple Watch SE (40mm, GPS)With a recent Apple processor and many of the same features as the Series 7, the Apple Watch SE is a great budget-friendly option.$219.99 FROM TARGETOriginally $279.00 | Save 21%$279.00 FROM APPLEOriginally $279.00 | Save 0%Samsung Galaxy Watch 4 (40mm)The Samsung Galaxy Watch 4 is the obvious choice for Android users looking for a comprehensive, quality, premium smartwatch experience. However, it's a shame that the ECG feature is limited specifically to Samsung phone owners. $199.99 FROM AMAZONOriginally $279.99 | Save 29%$199.99 FROM TARGETOriginally $249.99 | Save 20%$199.99 FROM BEST BUYOriginally $249.99 | Save 20%MasterClass 2-for-1 membershipGet two MasterClass subscriptions for the price of one! Each subscription gets you access to all of MasterClass, so you can watch or sample unlimited celebrity and expert-led classes across a wide range of topics.$180.00 FROM MASTERCLASSOriginally $360.00 | Save 50%Sony WH-1000XM4Sony's WH-1000XM4 are our go-to pair of headphones when we look for a balance of sound quality and noise-cancelling performance.$248.00 FROM AMAZONOriginally $349.99 | Save 29%$248.00 FROM BEST BUYOriginally $349.99 | Save 29%$249.99 FROM TARGETOriginally $349.99 | Save 29%Bose QuietComfort 45The QuietComfort 45 have a refreshed design with improved noise cancelling and better battery life.$279.00 FROM BEST BUYOriginally $329.00 | Save 15%$279.00 FROM BOSEOriginally $329.00 | Save 15%$279.00 FROM AMAZONOriginally $329.00 | Save 15%Apple AirPods (3rd Gen)Apple's third-generation AirPods offer longer battery life, a MagSafe charger, water resistance, and support for spatial audio. $149.99 FROM AMAZONOriginally $179.00 | Save 16%$179.00 FROM APPLE$179.00 FROM BEST BUY$174.98 FROM WALMART$154.99 FROM MICRO CENTEROriginally $179.99 | Save 14%Apple Airpods (2nd Generation)You’ll need to pick up your pair from your local Micro Center, but this is a solid deal price for the second-generation Apple AirPods. You can often find them discounted as low as $120, making this extra $5 drop noteworthy. $104.99 FROM MICRO CENTEROriginally $129.99 | Save 19%$114.99 FROM TARGETOriginally $129.99 | Save 12%$109.00 FROM AMAZONOriginally $129.99 | Save 16%$119.99 FROM BEST BUYOriginally $129.99 | Save 8%Apple MacBook Air (M1)The latest MacBook Air released in late 2020 gains Apple's new M1 processor, which brings impressively fast performance and long battery life, for under $1,000, making it the best Apple laptop overall.$899.99 FROM BEST BUYOriginally $999.99 | Save 10%$999.00 FROM APPLE$899.00 FROM B&HOriginally $999.00 | Save 10%Apple MacBook Pro with M1 Processor (13-inch, 8GB RAM, 256GB)Apple's latest MacBook Pro with the M1 processor is leaps and bounds beyond its predecessor, but the Intel MacBook Pro still has some tricks.$1199.00 FROM B&HOriginally $1299.00 | Save 8%$1299.00 FROM APPLELG 65-inch C1 OLED 4K TVLG’s C1 is one of the best 4K TVs you can buy. The OLED panel delivers incredible image quality with an infinite contrast ratio. This deal price matches the lowest we’ve seen so far.$1796.99 FROM AMAZONOriginally $2499.98 | Save 28%$1796.99 FROM WALMARTOriginally $2499.98 | Save 28%Samsung 65-inch Q60A QLED 4K TVSamsung's Q60A is the company's less expensive lineup of premium QLED TVs. $849.99 FROM BEST BUYOriginally $999.99 | Save 15%Amazon Fire TV 50" Omni SeriesAmazon launched its own smart TVs in fall 2021 and the Omni Series boasts features like hands-free Alexa support and video calling along with the latest Fire TV software.$359.99 FROM AMAZONOriginally $509.99 | Save 29%Amazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%Amazon Fire TV Stick 4K MaxThe Fire TV Stick 4K is designed to be 40% more powerful than Fire TV Stick 4K. It also adds Wi-Fi 6 support.$34.99 FROM AMAZONOriginally $54.99 | Save 36%$34.99 FROM BEST BUYOriginally $54.99 | Save 36%$34.99 FROM TARGETOriginally $54.99 | Save 36%Ring Video Doorbell (2020)The latest affordable Video Doorbell model from Ring features 1080p recording and improved motion tracking. It's a great deal if you're looking to start adding smart devices to your home. Orders made now will be fulfilled in 6 to 7 weeks.$79.98 FROM AMAZONOriginally $99.99 | Save 20%Google Nest Cam Outdoor Battery (2021) Elegant design, reliable performance, and wireless battery power make the Nest Cam Outdoor a tempting option to add peace of mind and checking in on your home's exterior when you're away. $149.99 FROM BEST BUYOriginally $179.99 | Save 17%$198.00 FROM AMAZON$149.99 FROM GOOGLEOriginally $179.99 | Save 17%$149.99 FROM BED BATH & BEYONDOriginally $179.99 | Save 17%$149.99 FROM TARGETOriginally $179.99 | Save 17%Amazon All-New KindleThe Kindle allows users to download hundreds, if not thousands, of books straight to the device. This model has a front light that makes it better-suited for night time reading.$49.99 FROM AMAZONOriginally $89.99 | Save 44%Vizio Elevate 5.1.4 SoundbarVizio's Elevate soundbar offers a 5.1.4 Dolby Atmos experience with performance that rivals many full-fledged home theater systems.$798.00 FROM AMAZONOriginally $1099.99 | Save 27%$799.99 FROM BEST BUYOriginally $1099.99 | Save 27%Yamaha YAS-209 SoundbarYamaha's YAS-209 offers great sound, Amazon Alexa support, and well-balanced functionality for a reasonable price. $299.99 FROM BEST BUYOriginally $349.99 | Save 14%$299.95 FROM AMAZONOriginally $349.95 | Save 14%Logitech C922x Pro Stream WebcamYou'll also want a decent webcam and mic if you want to be seen on screen, and provide commentary for your gaming.$74.98 FROM AMAZONOriginally $99.99 | Save 25%$79.98 FROM BEST BUYOriginally $99.99 | Save 20%GoPro Hero 10 BlackThis video and still camera has similar capabilities to larger variants, while maintaining the small go-anywhere form-factor it's known for.$349.98 FROM GOPROOriginally $499.99 | Save 30%Best Cyber Monday 2021 kitchen dealsNespresso Vertuo Next Deluxe Coffee and Espresso MakerA truly versatile machine, the Nespresso Vertuo Next uses capsules to make both coffee and espresso in a variety of cup or carafe sizes.$126.75 FROM TARGETOriginally $169.99 | Save 25%Breville Joule Sous VideThis nimble, compact machine heats water quickly, can work in a wide range of vessels, and is operated entirely through a helpful app.$159.94 FROM AMAZONOriginally $199.95 | Save 20%$159.96 FROM BREVILLEOriginally $199.95 | Save 20%Instant Pot Air Frying Lid, 6 QuartsIf you already own an Instant Pot and are looking to add air fryer functionality, this lid will do the trick. It's compatible with Smart Wi-Fi 60, Smart Bluetooth, Duo Evo Plus 6, Duo Evo Plus 60, Duo SV 60 or Max 60 models. $49.95 FROM AMAZONOriginally $89.99 | Save 44%KitchenAid KFC3516ER 3.5 Cup Food ChopperThe KitchenAid KFC3516ER 3.5 Cup Food Chopper is ideal and convenient for small prepping needs. The size makes it easy to store away or keep on your counter, and the Cyber Monday price makes it easy on your wallet. $39.99 FROM TARGETOriginally $54.99 | Save 27%$39.99 FROM KITCHENAIDOriginally $54.99 | Save 27%Ninja Professional Plus Food ProcessorThe Ninja Professional Plus makes food prep fast and easy with presets for chopped vegetables, shredded cheese, more.$79.98 FROM KOHLSOriginally $119.99 | Save 33%DrinkMate Beverage Carbonation MakerIf you'd like to add fizz to more than just water, consider the Drinkmate Beverage Carbonation Maker, which can carbonate everything from juice to wine.$79.95 FROM AMAZONOriginally $95.93 | Save 17%Ninja Foodi 5-in-1 Indoor Grill with Air Fryer, Roast, Bake & DehydrateThe Ninja Foodi 5-in-1 has five functions, including grill, bake, and dehydrate. Its temperatures range between 105°F to 500°F, giving it a lot of versatility in cooking options. Many of the parts are dishwasher safe for easier cleanup. $199.99 FROM TARGETOriginally $229.99 | Save 13%$199.99 FROM KOHL'SOriginally $249.99 | Save 20%Vitamix Explorian BlenderThe renewed Vitamix Explorian is pre-owned, but every bit as good as new and comes with a 90-day Amazon Renewed Guarantee on top of a 3-year full warranty.$289.95 FROM TARGETOriginally $449.99 | Save 36%$289.95 FROM BEST BUYOriginally $345.99 | Save 16%Instant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$59.99 FROM TARGETOriginally $129.99 | Save 54%Our Place Always PanOur Place's Always Pan is multi-functional nonstick pan that's taken the internet by storm. It promises to replace eight different pieces of cookware in your kitchen. It can function as a steamer, saute pan, frying pan, and more. $99.00 FROM OUR PLACEOriginally $145.00 | Save 32%Cuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%Keurig K-Mini Single Serve Coffee MakerThe slim 6- to 12-ounce coffee maker will fit neatly on any kitchen counter and save energy with the auto-off feature after brewing.$89.99 FROM TARGET$49.99 FROM THE HOME DEPOTOriginally $79.98 | Save 37%Best Cyber Monday 2021 home dealsEva-Dry Wireless Mini DehumidifierThis Eva-Dry dehumidifier measures 9 x 8.25 x 2.88 inches and works well for spaces up to 48 square feet. It uses silica beads to absorb moisture and has an absorbing capacity of six ounces. It’s also convenient because you only need to recharge it every four weeks. (It plugs into a wall outlet.)$14.97 FROM AMAZONOriginally $24.95 | Save 40%Molekule Air PurifierThis unit is popular among expert reviewers with its simple, portable design and quiet operation. We previously included the Molekule Air in our guide because it has multiple operation modes and can eradicate pollutants down to the nanoscopic level. However, at almost $800 plus $130 per year for filters, it's more than most people want to pay for an air purifier that isn't particularly powerful. We think there are better models at a lower price point.$479.00 FROM AMAZONOriginally $799.00 | Save 40%$799.00 FROM MOLEKULEAeroGarden SproutA smaller option from AeroGarden's lineup, the Sprout lets you grow up to three plants in its narrow footprint. It's down to $70 with promo code SUMMER20 through May 31, a rare and excellent deal direct from AeroGarden.$49.95 FROM AEROGARDENOriginally $99.95 | Save 50%$49.99 FROM AMAZONOriginally $99.95 | Save 50%Chewy Pet ProductsFor Cyber Monday, Chewy is offering $30 off purchases of $100 or more. This is only for select products, including food, treats, beds, and more.$70.00 FROM CHEWYOriginally $100.00 | Save 30%Dyson Outsize Absolute+The Dyson Outsize Absolute+ is ideal for whole home, deep cleaning with its full-size dustbin and large cleaner head. $799.99 FROM DYSONOriginally $899.99 | Save 11%Dyson V8 AbsoluteBuilt with a soft roller head for hard floors and a motorized cleaner head for carpets, the Dyson V8 Absolute handles all surfaces efficiently.$399.99 FROM DYSONOriginally $449.99 | Save 11%Dyson Cyclone V10 AbsoluteEquipped with a sensor to detect the difference between carpets and hard floors, the Cyclone V10 Absolute is the perfect vacuum cleaner for any room in the house. We've seen it go for as low as $350 before (it's usually $550), but during Black Friday and Cyber Monday, you'll get it for $400 while supplies last.$499.99 FROM DYSONOriginally $549.99 | Save 9%Drinkwell Two-Gallon Pet FountainThis two gallon pet drinking fountain is the perfect accessory to make sure your dog or cat (or both) are drinking enough water.$59.95 FROM AMAZONOriginally $74.95 | Save 20%Eufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$169.99 FROM EUFYOriginally $249.99 | Save 32%iRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Ecovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$499.99 FROM AMAZONOriginally $749.99 | Save 33%$799.99 FROM BEST BUYBissell SpinWave Robot VacuumThe 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. $249.00 FROM AMAZONOriginally $399.99 | Save 38%$299.00 FROM WALMARTOriginally $399.99 | Save 25%Dewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 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. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Best Cyber Monday 2021 gaming dealsNintendo Switch Legend of Zelda: Breath of the Wild (Digital Download)The Legend of Zelda: Breath of the Wild was released for the Nintendo Switch in 2017, but still remains one of the best Switch games out there. Right now, a physical copy is selling for $40, which is a solid price on this rarely discounted game.$35.00 FROM WALMARTOriginally $59.99 | Save 42%Nintendo Switch Fire Emblem: Three Houses"Fire Emblem: Three Houses" is a turn-based war strategy game that encourages you to build relationships with your soldiers and master your tactics on the battlefield. $35.00 FROM AMAZONOriginally $59.99 | Save 42%$35.00 FROM GAMESTOPOriginally $59.99 | Save 42%$35.00 FROM WALMARTOriginally $59.99 | Save 42%$59.99 FROM BEST BUYNintendo eShop $50 Gift CardThe Nintendo eShop is the best place to shop for digital copies of Nintendo's games. This gift card is the perfect gift or investment for anyone with a Nintendo Switch. Better still, Nintendo's eShop offers several sales throughout the year. This means, patient shoppers can double their savings.$45.00 FROM WALMARTOriginally $50.00 | Save 10%$50.00 FROM BEST BUY$45.00 FROM NEWEGGOriginally $50.00 | Save 10%Xbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%PlayStation Plus 12-Month SubscriptionPlayStation Plus allows gamers to play online, nets them special discounts in the PlayStation Network store, and subscribers get free games each month that remain available as long as the PlayStation Plus subscription is active. $36.99 FROM CDKEYSOriginally $59.99 | Save 38%$39.99 FROM BEST BUYOriginally $59.99 | Save 33%$39.99 FROM AMAZONOriginally $59.99 | Save 33%Microsoft Xbox Series S|X Wireless ControllerThis latest-gen Xbox gamepad is the best Microsoft has ever made, and during Cyber Monday, shoppers can save $20 on this recently released controller.$49.99 FROM MICROSOFTOriginally $59.99 | Save 17%$54.99 FROM BEST BUYOriginally $59.99 | Save 8%$49.00 FROM GAME STOPOriginally $54.99 | Save 11%$52.99 FROM WALMARTOriginally $59.99 | Save 12%Death Loop for PlayStation 5“Death Loop” is an unusual first-person shooter that challenges players to escape a day-long time loop by assassinating specific targets. The game is a great pick for fans of spy movies, sci-fi, and creative gunplay.$29.99 FROM BEST BUYOriginally $59.99 | Save 50%Call of Duty Vanguard for PlayStation 4The latest Call of Duty game is now on sale for $20 off, just a few weeks after its release.$39.00 FROM WALMARTOriginally $59.99 | Save 35%$44.99 FROM TARGETOriginally $59.99 | Save 25%Call of Duty Vanguard for PlayStation 5The latest Call of Duty game is now on sale for $15 off for PlayStation 5 just a few weeks after its release.$54.99 FROM TARGETOriginally $69.98 | Save 21%Nintendo Mario Kart Live: Home Circuit Nintendo Switch Set EditionYou can use a Nintendo Switch to control this real-life Mario Kart toy, and watch Mario or Luigi’s perspective as they zoom around your home.$88.99 FROM TARGETOriginally $99.99 | Save 11%$99.99 FROM BEST BUYLogitech G305 Lightspeed Wireless Gaming MouseCompact and portable, the Logitech G305 is great to take on the go. It's best if you prefer smaller mice and right now it's only $40, a great price drop from a typical selling price of $50.$29.99 FROM AMAZONOriginally $59.99 | Save 50%$29.99 FROM WALMARTOriginally $48.97 | Save 39%Nintendo Switch Ring Fit Adventure"Ring Fit Adventure" for the Nintendo Switch uses the exclusive "Ring-Con" attachment and a leg strap to track movement and provide resistance for workouts. The game also includes an adventure mode. Right now, it's selling for $55 at Target and Amazon, $25 off its usual price and the lowest price we've ever seen on this game.$54.00 FROM AMAZONOriginally $79.98 | Save 32%$54.00 FROM WALMARTOriginally $80.00 | Save 33%$79.98 FROM BEST BUY$79.98 FROM TARGETBest Cyber Monday 2021 streaming dealsHulu Monthly Subscription (Deal)Save a huge 85% on an ad-supported Hulu subscription for an entire year. That amounts to just 99 cents per month. This deal is live until Monday, November 29. $0.99 FROM HULUOriginally $6.99 | Save 86%Philo TVIf you want your streaming service to cost less per month than a single trip for the family to Starbucks, Philo TV is made with you in mind.$5.00 FROM PHILOOriginally $25.00 | Save 80%Disney Plus Free Trial with Amazon Music UnlimitedNew Amazon Music Unlimited subscribers can get six months of Disney Plus for free when they sign up. Current Music Unlimited members can get three months of Disney Plus. Music Unlimited costs $8 a month for Prime members or $10 a month without Prime.$0.00 FROM AMAZONAmazon Prime Video Channel Add-OnsPrime Video subscribers can choose from a variety of channel-add ons including Starz, Showtime, Paramount+, AMC+, Discovery+, and more.$0.99 FROM AMAZONOriginally $10.99 | Save 91%YouTube PremiumYouTube Premium lets you stream videos and music on YouTube without any ads. The service also features exclusive programs.FREE FROM YOUTUBEOriginally $11.99 | Save 100%Best Cyber Monday 2021 health & fitness dealsTheragun PROThe Theragun Pro is our top pick: a powerful, customizable, and durable massager that's worth every bit of its $600 price tag. $399.99 FROM TARGETOriginally $599.99 | Save 33%$399.00 FROM NORDSTROMOriginally $599.00 | Save 33%$399.00 FROM THERABODYOriginally $599.00 | Save 33%23andMe Ancestry + Health KitThe 23andMe DNA Ancestry + Health Kit tells you which illnesses you're predisposed to and gives you a full look at your ancestry.$99.00 FROM AMAZONOriginally $199.00 | Save 50%$99.00 FROM 23ANDMEOriginally $199.00 | Save 50%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Mirror from lululemonThis isn't just a mirror. It's a cardio class, it's a yoga studio, it's a boxing ring, it's your new personal trainer, and it's so much more. For Cyber Monday, Mirror is on sale for $500 with the code "CYBERMONDAY20"$995.00 FROM MIRROROriginally $1495.00 | Save 33%Hydro Flask 32-Ounce Wide Mouth This bottle has all the hallmark features of a Hydro Flask water bottle — 12-24 hours of temperature retention, powder color coating that won't chip or fade with time, a silicone twist top — with the very convenient wide mouth for easy pouring and drinking.$33.71 FROM HYDRO FLASKOriginally $44.95 | Save 25%Amazon HaloAmazon's Halo fitness tracker can analyze the tone of your voice to help you understand how you sound to others.$54.99 FROM AMAZONOriginally $99.99 | Save 45%LifeSpan TR1200i Folding TreadmillThe TR1200i is the baby sister of our top pick for a folding treadmill, the TR300i, with fewer built-in training programs and fewer fancy features like manual instead of digital buttons. But it's nearly the same size, has the same motor, and the same shock absorption — but for significantly cheaper.$899.00 FROM LIFESPANOriginally $1199.00 | Save 25%Best Cyber Monday 2021 style & beauty dealsTarte Tartelette Full Bloom Amazonian Clay Eyeshadow PaletteFrom shimmery to matte options, the Tartelette Full Bloom Amazonian Clay includes 28 limited-edition shades to wear for any occasion. $52.00 FROM KOHL'SDyson Airwrap Complete StylerDyson Airwrap Complete Styler is engineered for multiple hair types and styles. Featuring Coanda air styling and propelled by the Dyson digital motor, users can curl, wave, smooth and dry with no extreme heat.$399.99 FROM NEW EGGOriginally $499.99 | Save 20%$549.95 FROM DYSON$549.99 FROM BEST BUY$549.00 FROM AMAZONL.L.Bean Wicked Good Slippers - Men'sThis shearling-lined, leather-bottom slipper is one of the best men's slippers we've ever tried.$75.65 FROM L.L.BEANOriginally $89.00 | Save 15%L.L.Bean Wicked Good Shearling-Lined Slides - Women'sThese ridiculously-cozy, shearling-lined slides are easy to slip on and off, and keep your feet toasty around the house.$67.15 FROM L.L.BEANOriginally $79.00 | Save 15%L.L.Bean Toddlers' Wicked Good SlippersEverything we love about L.L.Bean's Wicked Good Slippers — but mini. These shearling-lined, leather-soled booties will keep kid's feet, sizes 3-10, toasty around the house and in a stroller.$33.96 FROM L.L.BEANOriginally $39.95 | Save 15%Lululemon Hooded Define JacketA fan-favorite, now with a hood. Between the technical fabric and a do-anything fit, it's easy to see why this one's a hit. Right now you can save up to 50% on this versatile piece, but sizes are selling out quickly. $64.00 FROM LULULEMONOriginally $128.00 | Save 50%Lululemon Wunder Under High-Rise TightLululemon is, in many ways, the genesis of athleisure, so it's not surprising that the company has an edge in the space.$69.00 FROM LULULEMONOriginally $98.00 | Save 30%Lululemon Metal Vent Breathe Short SleeveLululemon Metal Vent Breathe Short Sleeve $49.00 FROM LULULEMONOriginally $78.00 | Save 37%Bombas Women's Gripper Slipper (Sherpa Lined) 2-PackA mix between socks and slippers, Bombas' Gripper Slippers include a cozy sherpa lining and sole grippers to prevent slips. $72.95 FROM BOMBASOriginally $96.00 | Save 24%Columbia Men's Lake 22 Down Hooded JacketThis water-resistant jacket is stocked with 650-fill power down insulation, zippered hand pockets, and a structured hood to keep you zipped up and toasty through any winter weather.$69.98 FROM COLUMBIAOriginally $140.00 | Save 50%Adidas Climacool VentoThe Adidas Climacool Vento features a highly breathable mesh upper to help keep your feet cool.$98.00 FROM ADIDASOriginally $140.00 | Save 30%Nike Adapt Auto MaxThe Nike Adapt Auto Max uses advanced technology to automatically form to your foot without laces.$286.63 FROM NIKEOriginally $400.00 | Save 28%Nike Space Hippie 01The Nike Space Hippie 01 is made from 50% recycled materials and features a lightweight, track-inspired look.$77.58 FROM NIKEOriginally $130.00 | Save 40%Crocs Classic Clog (Unisex)The shoe that really started it all, the Classic Clog is comfortable, breathable, and easy to slip on whenever. With over 20 fun colors to choose from, you can’t go wrong.$39.99 FROM CROCSOriginally $49.99 | Save 20%$27.55 FROM AMAZONDagne Dover Indi Diaper BackpackDagne Dover's Indi Diaper Backpack adds a stylish neutral flair while holding every basic essential.$160.00 FROM DAGNE DOVEROriginally $200.00 | Save 20%Everlane Glove Boot ReKnitEverlane's Glove Boot is a sleek boot made with stretchy, sustainable knit fabric and a walkable heel for all-day comfort. $46.00 FROM EVERLANEOriginally $115.00 | Save 60%OutdoorVoices The Exercise DressOutdoorVoices makes a few of our favorite athleisure items, and they're another example of a company that can balance form and function.$75.00 FROM OUTDOORVOICESOriginally $100.00 | Save 25%Rough Linen St. Barts Linen RobeThe Rough Linen St. Barts Robe is made from top-notch linen that offers a light feel and a cool, casual look.$131.93 FROM ROUGH LINENOriginally $167.00 | Save 21%Kiehl's Since 1851 Avocado Nourishing Hydration MaskWinter is coming, and Kiehls' Avocado Mask is here to provide your skin with hydration all season long. This nourishing treatment infuses your face with avocado and evening primrose oils, offering sumptuous moisture after just one use. Plus, it's green tint is a total throwback. You can save 50% on a jar during Black Friday sale. $21.50 FROM MACY'SOriginally $45.00 | Save 52%Giorgio Armani Lip Magnet Liquid LipstickA liquid lip color that gives you a super matte look, but it's so light it feels like a lip stain. The formula is highly pigmented, smudge-resistant, and comfortable on your lips.$19.00 FROM NORDSTROMOriginally $38.00 | Save 50%Nike Sportswear Essential Fleece PantsMade from soft fleece material, these sweats are perfect for everyday comfort.$48.00 FROM NORDSTROMOriginally $60.00 | Save 20%Thread & Supply Double Breasted PeacoatThis peacoat from Thread & Supply is a classic with a twist. The oversized buttons extend up the lapel to the collar, giving you the option to bundle up if necessary. And if you don't love it in black, never fear — you can save 31% on this coat in black, camel, or light gray. $39.90 FROM NORDSTROMOriginally $58.00 | Save 31%True & Co. True Body Triangle Convertible Strap BraletteThe convertible straps on this wireless bra can be worn either straight or crisscrossed, and the smooth material appears invisible under clothes.$30.80 FROM NORDSTROMOriginally $44.00 | Save 30%Spanx Faux Leather LeggingsMade with the same level of support as its signature shapewear but with a little extra stretch, these leggings are designed to not only make you look great but feel great, too. $78.40 FROM NORDSTROMOriginally $98.00 | Save 20%$78.40 FROM SPANX Originally $98.00 | Save 20%Lululemon Wunder Under High-Rise TightLululemon is, in many ways, the genesis of athleisure, so it's not surprising that the company has an edge in the space.$69.00 FROM LULULEMONOriginally $98.00 | Save 30%Chaps Mens Long Sleeve Button DownMade from an easy-to-care-for cotton blend and a dose of stretch, this men's button-down shirt will keep you looking polished all day.$19.98 FROM WALMARTOriginally $60.00 | Save 67%Nine West Car Coat CardiganThi cozy topper is part coat, part cardigan, and will keep you warm all winter. Save an extra 15% on this cardigan with the code ENJOY15 at checkout.$35.99 FROM KOHL'SOriginally $60.00 | Save 40%When is Cyber Monday?Cyber Monday falls on the Monday after Black Friday every year. In 2021, the shopping event will land on November 29.As a continuation of sorts to Black Friday, Cyber Monday gives shoppers another opportunity to save on tech, home goods, clothing, and more that you might've missed while digesting Thanksgiving dinner. Unlike Black Friday, though, Cyber Monday is entirely online.What time does Cyber Monday start?Cyber Monday officially begins at 12 a.m. ET on November 29. That said, the event is expected to carry over many deals from Black Friday, so some discounts are already available.What is Cyber Monday?Cyber Monday began as the online version of Black Friday, where online retailers offered big discounts to match their brick-and-mortar counterparts. Now, Cyber Monday is one of the biggest shopping days of the year, often surpassing even Black Friday in terms of revenue and sales. Previously, the main distinction between Black Friday and Cyber Monday was that Black Friday focused on in-store sales and Cyber Monday on online sales. But as shopping habits have increasingly favored the internet, shoppers can look forward to a very online-focused Cyber Monday and Black Friday. Cyber Monday offers a great opportunity to save on all your holiday gifts. How long do Cyber Monday sales last? Though Cyber Monday sales once took place on Monday only, we've seen them extend to longer and longer durations, with a handful lasting through the rest of the week. However, the best discounts we see are in limited supply and expire soon after they become available.What's better, Black Friday or Cyber Monday?With more and more buyers shopping online, the debate over which shopping holiday wins, is practically moot. Both events will be held predominantly online, and more than a few deals overlap. In fact, many Black Friday deals become Cyber Monday deals when the dates change. If possible, buyers should shop on both holidays. We've seen different products receive better discounts on each day, and the deals that each retailer offers will vary. Generally speaking, consumers shopping for big-ticket items, such as laptops, TVs, and kitchen appliances, can expect more opportunities on Black Friday. Shoppers looking for last year's models, smart home gadgets, digital subscriptions, and gift cards will likely find more luck during Cyber Monday.What should I buy during Cyber Monday?If a retailer offers Black Friday deals, it's a near guarantee that it will offer Cyber Monday deals, too. Amazon, Best Buy, Target, and Walmart are some noteworthy retailers that we know will participate in the shopping event, with deals across many product categories.We will likely see massive discounts on some of our favorite direct-to-consumer products during Cyber Monday, such as retail startups like Leesa and Brooklinen. For some online stores, Cyber Monday (or Cyber Week) will be one of the few times of the year when their products see major markdowns.Will there be Cyber Monday shipping delays?Shipping delays and shopping holidays are inextricably linked, so there's always a risk of late deliveries.To help you avoid the shipping crunch and get your stuff sooner, several retailers, including Walmart, Target, and Best Buy, offer in-store pickup and contactless curbside pickup. This means shoppers can grab their orders at a nearby location, provided that the retailer has it in stock. Best Cyber Monday deals we saw last yearLast year, we saw a lot of great sales on Cyber Monday ranging from sitewide discounts to specific products. Everything from home and kitchen, to subscription services were on sale during last year's annual savings event.Here are a few of the best Cyber Monday deals from 2020.  Philips Sonicare DiamondClean Classic Rechargeable Electric Toothbrush was $179 from Kohl's, originally $229.FujiFilm Instax Mini 11 Camera Bundle was $70 from Kohl's on Cyber Monday last year, originally $120.Keurig K-Supreme Single Serve K-Cup Pod Coffee Maker was $84 from Target on Cyber Monday last year, originally $140.How we select the best Cyber Monday dealsWe only choose products that meet our high standard of coverage, and that we've either used ourselves or researched carefully.We compare the prices among top retailers such as Amazon, Best Buy, Target, and Walmart and only include the deals that are better than all others offered (not including promotional discounts that come from using certain credit cards).All deals are at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsized value.Read more about how the Insider Reviews team evaluates deals and why you should trust us.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 28th, 2021

112 early Cyber Monday deals you can shop now: AirPods Pro, Roku, Google Nest, and more

Black Friday has ended, but you can shop early Cyber Monday deals now. Save big at Amazon, Walmart, Target, Best Buy, Nordstrom, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Alyssa Powell/InsiderCyber Monday is the online-focused sibling to Black Friday, and the event brings equally great discounts and sales straight to you. It's coming November 29, but many retailers are holding early Cyber Monday sales or continuing Black Friday deals through the weekend.Tons of deals are available now, and we're highlighting the best ones below. Here at Insider Reviews, we test products all year and track their price history so we can give you solid buying advice during big shopping events like Cyber Monday.Historically, the event has always been a great time to shop for tech, smart home, and gift cards — though stock is typically very limited. Acting fast is key to getting a good deal, so it's important to know what you're shopping for ahead of time.Below, we rounded up some of the best early Cyber Monday deals available now, plus answers to any questions you might have before the event.The best Cyber Monday deals available nowBest Cyber Monday 2021 tech dealsApple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $169.99 FROM AMAZONOriginally $249.99 | Save 32%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$159.00 FROM WALMARTOriginally $249.00 | Save 36%$209.00 FROM B&HOriginally $249.00 | Save 16%Roku Streambar 2020Too much clutter under the TV? The interesting Roku Streambar combines all of the features of a Roku 4K player with a compact soundbar.$79.98 FROM AMAZONOriginally $129.99 | Save 38%$79.98 FROM BEST BUYOriginally $129.99 | Save 38%$79.98 FROM TARGETOriginally $129.99 | Save 38%$99.00 FROM WALMARTOriginally $129.99 | Save 24%Google Nest Hub (2nd gen)The Google Nest Hub is a smart display with a unique Sleep Sensing feature to help you monitor your sleep habits. $49.99 FROM KOHL'SOriginally $99.99 | Save 50%$49.98 FROM WALMARTOriginally $99.98 | Save 50%$49.99 FROM BEST BUYOriginally $99.99 | Save 50%Apple Watch Series 7Much more than a timepiece, the Apple Watch can also be used for keeping track of workouts, making phone calls, sending text messages, setting timers and alarms, counting calories, and more.$379.99 FROM AMAZONOriginally $399.00 | Save 5%$379.99 FROM WALMARTOriginally $399.00 | Save 5%$399.00 FROM APPLEApple Watch SE (40mm, GPS)With a recent Apple processor and many of the same features as the Series 7, the Apple Watch SE is a great budget-friendly option.$219.99 FROM TARGETOriginally $279.00 | Save 21%$279.00 FROM APPLEOriginally $279.00 | Save 0%Samsung Galaxy Watch 4 (40mm)The Samsung Galaxy Watch 4 is the obvious choice for Android users looking for a comprehensive, quality, premium smartwatch experience. However, it's a shame that the ECG feature is limited specifically to Samsung phone owners. $199.99 FROM AMAZONOriginally $279.99 | Save 29%$199.99 FROM TARGETOriginally $249.99 | Save 20%$199.99 FROM BEST BUYOriginally $249.99 | Save 20%MasterClass 2-for-1 membershipGet two MasterClass subscriptions for the price of one! Each subscription gets you access to all of MasterClass, so you can watch or sample unlimited celebrity and expert-led classes across a wide range of topics.$180.00 FROM MASTERCLASSOriginally $360.00 | Save 50%Sony WH-1000XM4Sony's WH-1000XM4 are our go-to pair of headphones when we look for a balance of sound quality and noise-cancelling performance.$248.00 FROM AMAZONOriginally $349.99 | Save 29%$248.00 FROM BEST BUYOriginally $349.99 | Save 29%$249.99 FROM TARGETOriginally $349.99 | Save 29%Bose QuietComfort 45The QuietComfort 45 have a refreshed design with improved noise cancelling and better battery life.$279.00 FROM BEST BUYOriginally $329.00 | Save 15%$279.00 FROM BOSEOriginally $329.00 | Save 15%$279.00 FROM AMAZONOriginally $329.00 | Save 15%Apple AirPods (3rd Gen)Apple's third-generation AirPods offer longer battery life, a MagSafe charger, water resistance, and support for spatial audio. $154.99 FROM MICRO CENTEROriginally $179.99 | Save 14%$179.00 FROM APPLE$149.99 FROM AMAZONOriginally $179.00 | Save 16%$179.00 FROM BEST BUY$174.98 FROM WALMARTApple Airpods (2nd Generation)You’ll need to pick up your pair from your local Micro Center, but this is a solid deal price for the second-generation Apple AirPods. You can often find them discounted as low as $120, making this extra $5 drop noteworthy. $104.99 FROM MICRO CENTEROriginally $129.99 | Save 19%$114.99 FROM TARGETOriginally $129.99 | Save 12%$109.00 FROM AMAZONOriginally $129.99 | Save 16%$119.99 FROM BEST BUYOriginally $129.99 | Save 8%Apple MacBook Air (M1)The latest MacBook Air released in late 2020 gains Apple's new M1 processor, which brings impressively fast performance and long battery life, for under $1,000, making it the best Apple laptop overall.$899.99 FROM BEST BUYOriginally $999.99 | Save 10%$999.00 FROM APPLE$899.00 FROM B&HOriginally $999.00 | Save 10%Apple MacBook Pro with M1 Processor (13-inch, 8GB RAM, 256GB)Apple's latest MacBook Pro with the M1 processor is leaps and bounds beyond its predecessor, but the Intel MacBook Pro still has some tricks.$1199.00 FROM B&HOriginally $1299.00 | Save 8%$1299.00 FROM APPLELG 65-inch C1 OLED 4K TVLG’s C1 is one of the best 4K TVs you can buy. The OLED panel delivers incredible image quality with an infinite contrast ratio. This deal price matches the lowest we’ve seen so far.$1796.99 FROM AMAZONOriginally $2499.98 | Save 28%$1796.99 FROM WALMARTOriginally $2499.98 | Save 28%Samsung 65-inch Q60A QLED 4K TVSamsung's Q60A is the company's less expensive lineup of premium QLED TVs. $849.99 FROM BEST BUYOriginally $999.99 | Save 15%Amazon Fire TV 50" Omni SeriesAmazon launched its own smart TVs in fall 2021 and the Omni Series boasts features like hands-free Alexa support and video calling along with the latest Fire TV software.$359.99 FROM AMAZONOriginally $509.99 | Save 29%Amazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%Amazon Fire TV Stick 4K MaxThe Fire TV Stick 4K is designed to be 40% more powerful than Fire TV Stick 4K. It also adds Wi-Fi 6 support.$34.99 FROM AMAZONOriginally $54.99 | Save 36%$34.99 FROM BEST BUYOriginally $54.99 | Save 36%$34.99 FROM TARGETOriginally $54.99 | Save 36%Ring Video Doorbell (2020)The latest affordable Video Doorbell model from Ring features 1080p recording and improved motion tracking. It's a great deal if you're looking to start adding smart devices to your home. Orders made now will be fulfilled in 6 to 7 weeks.$79.98 FROM AMAZONOriginally $99.99 | Save 20%Amazon All-New KindleThe Kindle allows users to download hundreds, if not thousands, of books straight to the device. This model has a front light that makes it better-suited for night time reading.$49.99 FROM AMAZONOriginally $89.99 | Save 44%Vizio Elevate 5.1.4 SoundbarVizio's Elevate soundbar offers a 5.1.4 Dolby Atmos experience with performance that rivals many full-fledged home theater systems.$798.00 FROM AMAZONOriginally $1099.99 | Save 27%$799.99 FROM BEST BUYOriginally $1099.99 | Save 27%Yamaha YAS-209 SoundbarYamaha's YAS-209 offers great sound, Amazon Alexa support, and well-balanced functionality for a reasonable price. $299.99 FROM BEST BUYOriginally $349.99 | Save 14%$299.95 FROM AMAZONOriginally $349.95 | Save 14%Logitech C922x Pro Stream WebcamYou'll also want a decent webcam and mic if you want to be seen on screen, and provide commentary for your gaming.$74.98 FROM AMAZONOriginally $99.99 | Save 25%$79.98 FROM BEST BUYOriginally $99.99 | Save 20%GoPro Hero 10 BlackThis video and still camera has similar capabilities to larger variants, while maintaining the small go-anywhere form-factor it's known for.$349.98 FROM GOPROOriginally $499.99 | Save 30%Best Cyber Monday 2021 kitchen dealsNespresso Vertuo Next Deluxe Coffee and Espresso MakerA truly versatile machine, the Nespresso Vertuo Next uses capsules to make both coffee and espresso in a variety of cup or carafe sizes.$126.75 FROM TARGETOriginally $169.99 | Save 25%Breville Joule Sous VideThis nimble, compact machine heats water quickly, can work in a wide range of vessels, and is operated entirely through a helpful app.$159.94 FROM AMAZONOriginally $199.95 | Save 20%$159.96 FROM BREVILLEOriginally $199.95 | Save 20%Instant Pot Air Frying Lid, 6 QuartsIf you already own an Instant Pot and are looking to add air fryer functionality, this lid will do the trick. It's compatible with Smart Wi-Fi 60, Smart Bluetooth, Duo Evo Plus 6, Duo Evo Plus 60, Duo SV 60 or Max 60 models. $49.95 FROM AMAZONOriginally $89.99 | Save 44%KitchenAid KFC3516ER 3.5 Cup Food ChopperThe KitchenAid KFC3516ER 3.5 Cup Food Chopper is ideal and convenient for small prepping needs. The size makes it easy to store away or keep on your counter, and the Cyber Monday price makes it easy on your wallet. $39.99 FROM TARGETOriginally $54.99 | Save 27%$39.99 FROM KITCHENAIDOriginally $54.99 | Save 27%Ninja Professional Kitchen System BlenderThe Ninja Professional Kitchen System is a powerful blender that transforms into a food processor or a personal blender with just the swap of an attachment.$199.99 FROM TARGETNinja Professional Plus Food ProcessorThe Ninja Professional Plus makes food prep fast and easy with presets for chopped vegetables, shredded cheese, more.$79.98 FROM KOHLSOriginally $119.99 | Save 33%Zojirushi Virtuoso Plus BreadmakerThis bread machine kneads thoroughly, bakes evenly, and, unlike many of its competitors, turns out standard-sized loaves. $359.99 FROM BED BATH & BEYOND$359.99 FROM ABTDrinkMate Beverage Carbonation MakerIf you'd like to add fizz to more than just water, consider the Drinkmate Beverage Carbonation Maker, which can carbonate everything from juice to wine.$79.95 FROM AMAZONOriginally $95.93 | Save 17%Ninja Foodi 5-in-1 Indoor Grill with Air Fryer, Roast, Bake & DehydrateThe Ninja Foodi 5-in-1 has five functions, including grill, bake, and dehydrate. Its temperatures range between 105°F to 500°F, giving it a lot of versatility in cooking options. Many of the parts are dishwasher safe for easier cleanup. $199.99 FROM TARGETOriginally $229.99 | Save 13%$199.99 FROM KOHL'SOriginally $249.99 | Save 20%Vitamix Explorian BlenderThe renewed Vitamix Explorian is pre-owned, but every bit as good as new and comes with a 90-day Amazon Renewed Guarantee on top of a 3-year full warranty.$289.95 FROM TARGETOriginally $449.99 | Save 36%$289.95 FROM BEST BUYOriginally $345.99 | Save 16%Instant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$59.99 FROM TARGETOriginally $129.99 | Save 54%Our Place Always PanOur Place's Always Pan is multi-functional nonstick pan that's taken the internet by storm. It promises to replace eight different pieces of cookware in your kitchen. It can function as a steamer, saute pan, frying pan, and more. $99.00 FROM OUR PLACEOriginally $145.00 | Save 32%Cuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%Keurig K-Mini Single Serve Coffee MakerThe slim 6- to 12-ounce coffee maker will fit neatly on any kitchen counter and save energy with the auto-off feature after brewing.$89.99 FROM TARGET$49.99 FROM THE HOME DEPOTOriginally $79.98 | Save 37%Best Cyber Monday 2021 home dealsEva-Dry Wireless Mini DehumidifierThis Eva-Dry dehumidifier measures 9 x 8.25 x 2.88 inches and works well for spaces up to 48 square feet. It uses silica beads to absorb moisture and has an absorbing capacity of six ounces. It’s also convenient because you only need to recharge it every four weeks. (It plugs into a wall outlet.)$14.97 FROM AMAZONOriginally $24.95 | Save 40%Molekule Air PurifierThis unit is popular among expert reviewers with its simple, portable design and quiet operation. We previously included the Molekule Air in our guide because it has multiple operation modes and can eradicate pollutants down to the nanoscopic level. However, at almost $800 plus $130 per year for filters, it's more than most people want to pay for an air purifier that isn't particularly powerful. We think there are better models at a lower price point.$479.00 FROM AMAZONOriginally $799.00 | Save 40%$799.00 FROM MOLEKULEAeroGarden SproutA smaller option from AeroGarden's lineup, the Sprout lets you grow up to three plants in its narrow footprint. It's down to $70 with promo code SUMMER20 through May 31, a rare and excellent deal direct from AeroGarden.$49.95 FROM AEROGARDENOriginally $99.95 | Save 50%$49.99 FROM AMAZONOriginally $99.95 | Save 50%Chewy Pet ProductsFor Cyber Monday, Chewy is offering $30 off purchases of $100 or more. This is only for select products, including food, treats, beds, and more.$70.00 FROM CHEWYOriginally $100.00 | Save 30%Dyson Outsize Absolute+The Dyson Outsize Absolute+ is ideal for whole home, deep cleaning with its full-size dustbin and large cleaner head. $799.99 FROM DYSONOriginally $899.99 | Save 11%Dyson V8 AbsoluteBuilt with a soft roller head for hard floors and a motorized cleaner head for carpets, the Dyson V8 Absolute handles all surfaces efficiently.$399.99 FROM DYSONOriginally $449.99 | Save 11%Dyson Cyclone V10 AbsoluteEquipped with a sensor to detect the difference between carpets and hard floors, the Cyclone V10 Absolute is the perfect vacuum cleaner for any room in the house. We've seen it go for as low as $350 before (it's usually $550), but during Black Friday and Cyber Monday, you'll get it for $400 while supplies last.$499.99 FROM DYSONOriginally $549.99 | Save 9%Drinkwell Two-Gallon Pet FountainThis two gallon pet drinking fountain is the perfect accessory to make sure your dog or cat (or both) are drinking enough water.$59.95 FROM AMAZONOriginally $74.95 | Save 20%Eufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$169.99 FROM EUFYOriginally $249.99 | Save 32%iRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Ecovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$499.99 FROM AMAZONOriginally $749.99 | Save 33%$799.99 FROM BEST BUYBissell SpinWave Robot VacuumThe 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. $249.00 FROM AMAZONOriginally $399.99 | Save 38%$299.00 FROM WALMARTOriginally $399.99 | Save 25%Dewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 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. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Best Cyber Monday 2021 gaming dealsLogitech G305 Lightspeed Wireless Gaming MouseCompact and portable, the Logitech G305 is great to take on the go. It's best if you prefer smaller mice and right now it's only $40, a great price drop from a typical selling price of $50.$29.99 FROM AMAZONOriginally $59.99 | Save 50%$29.99 FROM WALMARTOriginally $48.97 | Save 39%Nintendo Switch Legend of Zelda: Breath of the Wild (Digital Download)The Legend of Zelda: Breath of the Wild was released for the Nintendo Switch in 2017, but still remains one of the best Switch games out there. Right now, a physical copy is selling for $40, which is a solid price on this rarely discounted game.$35.00 FROM WALMARTOriginally $59.99 | Save 42%Nintendo Switch Fire Emblem: Three Houses"Fire Emblem: Three Houses" is a turn-based war strategy game that encourages you to build relationships with your soldiers and master your tactics on the battlefield. $35.00 FROM AMAZONOriginally $59.99 | Save 42%$35.00 FROM GAMESTOPOriginally $59.99 | Save 42%$35.00 FROM WALMARTOriginally $59.99 | Save 42%$59.99 FROM BEST BUYNintendo eShop $50 Gift CardThe Nintendo eShop is the best place to shop for digital copies of Nintendo's games. This gift card is the perfect gift or investment for anyone with a Nintendo Switch. Better still, Nintendo's eShop offers several sales throughout the year. This means, patient shoppers can double their savings.$45.00 FROM WALMARTOriginally $50.00 | Save 10%$50.00 FROM BEST BUY$45.00 FROM NEWEGGOriginally $50.00 | Save 10%Xbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%PlayStation Plus 12-Month SubscriptionPlayStation Plus allows gamers to play online, nets them special discounts in the PlayStation Network store, and subscribers get free games each month that remain available as long as the PlayStation Plus subscription is active. $36.99 FROM CDKEYSOriginally $59.99 | Save 38%$39.99 FROM BEST BUYOriginally $59.99 | Save 33%$39.99 FROM AMAZONOriginally $59.99 | Save 33%Microsoft Xbox Series S|X Wireless ControllerThis latest-gen Xbox gamepad is the best Microsoft has ever made, and during Cyber Monday, shoppers can save $20 on this recently released controller.$49.99 FROM MICROSOFTOriginally $59.99 | Save 17%$54.99 FROM BEST BUYOriginally $59.99 | Save 8%$49.00 FROM GAME STOPOriginally $54.99 | Save 11%$52.99 FROM WALMARTOriginally $59.99 | Save 12%Death Loop for PlayStation 5“Death Loop” is an unusual first-person shooter that challenges players to escape a day-long time loop by assassinating specific targets. The game is a great pick for fans of spy movies, sci-fi, and creative gunplay.$29.99 FROM BEST BUYOriginally $59.99 | Save 50%Call of Duty Vanguard for PlayStation 4The latest Call of Duty game is now on sale for $20 off, just a few weeks after its release.$39.00 FROM WALMARTOriginally $59.99 | Save 35%$44.99 FROM TARGETOriginally $59.99 | Save 25%Logitech G305 Lightspeed Wireless Gaming MouseCompact and portable, the Logitech G305 is great to take on the go. It's best if you prefer smaller mice and right now it's only $40, a great price drop from a typical selling price of $50.$29.99 FROM AMAZONOriginally $59.99 | Save 50%$29.99 FROM WALMARTOriginally $48.97 | Save 39%Nintendo Switch Ring Fit Adventure"Ring Fit Adventure" for the Nintendo Switch uses the exclusive "Ring-Con" attachment and a leg strap to track movement and provide resistance for workouts. The game also includes an adventure mode. Right now, it's selling for $55 at Target and Amazon, $25 off its usual price and the lowest price we've ever seen on this game.$79.98 FROM TARGET$54.00 FROM AMAZONOriginally $79.98 | Save 32%$54.00 FROM WALMARTOriginally $80.00 | Save 33%$79.98 FROM BEST BUYBest Cyber Monday 2021 streaming dealsHulu Monthly Subscription (Deal)Save a huge 85% on an ad-supported Hulu subscription for an entire year. That amounts to just 99 cents per month. This deal is live until Monday, November 29. $0.99 FROM HULUOriginally $6.99 | Save 86%Philo TVIf you want your streaming service to cost less per month than a single trip for the family to Starbucks, Philo TV is made with you in mind.$5.00 FROM PHILOOriginally $25.00 | Save 80%Disney Plus Free Trial with Amazon Music UnlimitedNew Amazon Music Unlimited subscribers can get six months of Disney Plus for free when they sign up. Current Music Unlimited members can get three months of Disney Plus. Music Unlimited costs $8 a month for Prime members or $10 a month without Prime.$0.00 FROM AMAZONAmazon Prime Video Channel Add-OnsPrime Video subscribers can choose from a variety of channel-add ons including Starz, Showtime, Paramount+, AMC+, Discovery+, and more.$0.99 FROM AMAZONOriginally $10.99 | Save 91%YouTube PremiumYouTube Premium lets you stream videos and music on YouTube without any ads. The service also features exclusive programs.FREE FROM YOUTUBEOriginally $11.99 | Save 100%Best Cyber Monday 2021 health & fitness dealsTheragun PROThe Theragun Pro is our top pick: a powerful, customizable, and durable massager that's worth every bit of its $600 price tag. $399.99 FROM TARGETOriginally $599.99 | Save 33%$399.00 FROM NORDSTROMOriginally $599.00 | Save 33%$399.00 FROM THERABODYOriginally $599.00 | Save 33%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Mirror from lululemonThis isn't just a mirror. It's a cardio class, it's a yoga studio, it's a boxing ring, it's your new personal trainer, and it's so much more. For Cyber Monday, Mirror is on sale for $500 with the code "CYBERMONDAY20"$995.00 FROM MIRROROriginally $1495.00 | Save 33%Hydro Flask 32-Ounce Wide Mouth This bottle has all the hallmark features of a Hydro Flask water bottle — 12-24 hours of temperature retention, powder color coating that won't chip or fade with time, a silicone twist top — with the very convenient wide mouth for easy pouring and drinking.$33.71 FROM HYDRO FLASKOriginally $44.95 | Save 25%Amazon HaloAmazon's Halo fitness tracker can analyze the tone of your voice to help you understand how you sound to others.$54.99 FROM AMAZONOriginally $99.99 | Save 45%LifeSpan TR1200i Folding TreadmillThe TR1200i is the baby sister of our top pick for a folding treadmill, the TR300i, with fewer built-in training programs and fewer fancy features like manual instead of digital buttons. But it's nearly the same size, has the same motor, and the same shock absorption — but for significantly cheaper.$899.00 FROM LIFESPANOriginally $1199.00 | Save 25%Best Cyber Monday 2021 style & beauty dealsMadewell The Perfect Vintage JeanWith their waist-accentuating high rise and tapered legs, these are "mom jeans"...if your mom was a '90s supermodel. Plus, they're made of denim that has an old-school look and a touch of give for a perfectly broken-in feel.$80.50 FROM MADEWELLOriginally $115.00 | Save 30%Tarte Tartelette Full Bloom Amazonian Clay Eyeshadow PaletteFrom shimmery to matte options, the Tartelette Full Bloom Amazonian Clay includes 28 limited-edition shades to wear for any occasion. $52.00 FROM KOHL'SDyson Airwrap Complete StylerDyson Airwrap Complete Styler is engineered for multiple hair types and styles. Featuring Coanda air styling and propelled by the Dyson digital motor, users can curl, wave, smooth and dry with no extreme heat.$399.99 FROM NEW EGGOriginally $499.99 | Save 20%$549.95 FROM DYSON$549.99 FROM BEST BUY$549.00 FROM AMAZONL.L.Bean Wicked Good Slippers - Men'sThis shearling-lined, leather-bottom slipper is one of the best men's slippers we've ever tried.$75.65 FROM L.L.BEANOriginally $89.00 | Save 15%L.L.Bean Wicked Good Shearling-Lined Slides - Women'sThese ridiculously-cozy, shearling-lined slides are easy to slip on and off, and keep your feet toasty around the house.$67.15 FROM L.L.BEANOriginally $79.00 | Save 15%L.L.Bean Toddlers' Wicked Good SlippersEverything we love about L.L.Bean's Wicked Good Slippers — but mini. These shearling-lined, leather-soled booties will keep kid's feet, sizes 3-10, toasty around the house and in a stroller.$33.96 FROM L.L.BEANOriginally $39.95 | Save 15%Lululemon Hooded Define JacketA fan-favorite, now with a hood. Between the technical fabric and a do-anything fit, it's easy to see why this one's a hit. Right now you can save up to 50% on this versatile piece, but sizes are selling out quickly. $64.00 FROM LULULEMONOriginally $128.00 | Save 50%Lululemon Wunder Under High-Rise TightLululemon is, in many ways, the genesis of athleisure, so it's not surprising that the company has an edge in the space.$69.00 FROM LULULEMONOriginally $98.00 | Save 30%Lululemon Metal Vent Breathe Short SleeveLululemon Metal Vent Breathe Short Sleeve $49.00 FROM LULULEMONOriginally $78.00 | Save 37%Bombas Women's Gripper Slipper (Sherpa Lined) 2-PackA mix between socks and slippers, Bombas' Gripper Slippers include a cozy sherpa lining and sole grippers to prevent slips. $72.95 FROM BOMBASOriginally $96.00 | Save 24%Columbia Men's Lake 22 Down Hooded JacketThis water-resistant jacket is stocked with 650-fill power down insulation, zippered hand pockets, and a structured hood to keep you zipped up and toasty through any winter weather.$69.98 FROM COLUMBIAOriginally $140.00 | Save 50%Adidas Climacool VentoThe Adidas Climacool Vento features a highly breathable mesh upper to help keep your feet cool.$98.00 FROM ADIDASOriginally $140.00 | Save 30%Nike Adapt Auto MaxThe Nike Adapt Auto Max uses advanced technology to automatically form to your foot without laces.$286.63 FROM NIKEOriginally $400.00 | Save 28%Nike Space Hippie 01The Nike Space Hippie 01 is made from 50% recycled materials and features a lightweight, track-inspired look.$77.58 FROM NIKEOriginally $130.00 | Save 40%Crocs Classic Clog (Unisex)The shoe that really started it all, the Classic Clog is comfortable, breathable, and easy to slip on whenever. With over 20 fun colors to choose from, you can’t go wrong.$39.99 FROM CROCSOriginally $49.99 | Save 20%$27.55 FROM AMAZONDagne Dover Indi Diaper BackpackDagne Dover's Indi Diaper Backpack adds a stylish neutral flair while holding every basic essential.$160.00 FROM DAGNE DOVEROriginally $200.00 | Save 20%Everlane Glove Boot ReKnitEverlane's Glove Boot is a sleek boot made with stretchy, sustainable knit fabric and a walkable heel for all-day comfort. $46.00 FROM EVERLANEOriginally $115.00 | Save 60%OutdoorVoices The Exercise DressOutdoorVoices makes a few of our favorite athleisure items, and they're another example of a company that can balance form and function.$75.00 FROM OUTDOORVOICESOriginally $100.00 | Save 25%Rough Linen St. Barts Linen RobeThe Rough Linen St. Barts Robe is made from top-notch linen that offers a light feel and a cool, casual look.$131.93 FROM ROUGH LINENOriginally $167.00 | Save 21%Kiehl's Since 1851 Avocado Nourishing Hydration MaskWinter is coming, and Kiehls' Avocado Mask is here to provide your skin with hydration all season long. This nourishing treatment infuses your face with avocado and evening primrose oils, offering sumptuous moisture after just one use. Plus, it's green tint is a total throwback. You can save 50% on a jar during Black Friday sale. $21.50 FROM MACY'SOriginally $45.00 | Save 52%Giorgio Armani Lip Magnet Liquid LipstickA liquid lip color that gives you a super matte look, but it's so light it feels like a lip stain. The formula is highly pigmented, smudge-resistant, and comfortable on your lips.$19.00 FROM NORDSTROMOriginally $38.00 | Save 50%Anastasia Beverly Hills Brow DefinerThere's a reason why Anastasia Beverly Hills' Brow Definer is a favorite among beauty editors. The angled applicator allows you to sketch on hair-like strokes, providing you with a natural-looking fill every single time. The Definer is on sale during Nordstrom's Black Friday sale, and it's one of the best prices we've seen for this cult-favorite product. You can shop it in every color for just $16. $23.00 FROM NORDSTROMNike Sportswear Essential Fleece PantsMade from soft fleece material, these sweats are perfect for everyday comfort.$48.00 FROM NORDSTROMOriginally $60.00 | Save 20%Thread & Supply Double Breasted PeacoatThis peacoat from Thread & Supply is a classic with a twist. The oversized buttons extend up the lapel to the collar, giving you the option to bundle up if necessary. And if you don't love it in black, never fear — you can save 31% on this coat in black, camel, or light gray. $39.90 FROM NORDSTROMOriginally $58.00 | Save 31%True & Co. True Body Triangle Convertible Strap BraletteThe convertible straps on this wireless bra can be worn either straight or crisscrossed, and the smooth material appears invisible under clothes.$30.80 FROM NORDSTROMOriginally $44.00 | Save 30%Spanx Faux Leather LeggingsMade with the same level of support as its signature shapewear but with a little extra stretch, these leggings are designed to not only make you look great but feel great, too. $78.40 FROM NORDSTROMOriginally $98.00 | Save 20%$78.40 FROM SPANX Originally $98.00 | Save 20%Lululemon Wunder Under High-Rise TightLululemon is, in many ways, the genesis of athleisure, so it's not surprising that the company has an edge in the space.$69.00 FROM LULULEMONOriginally $98.00 | Save 30%Chaps Mens Long Sleeve Button DownMade from an easy-to-care-for cotton blend and a dose of stretch, this men's button-down shirt will keep you looking polished all day.$19.98 FROM WALMARTOriginally $60.00 | Save 67%Nine West Car Coat CardiganThi cozy topper is part coat, part cardigan, and will keep you warm all winter. Save an extra 15% on this cardigan with the code ENJOY15 at checkout.$35.99 FROM KOHL'SOriginally $60.00 | Save 40%When is Cyber Monday?Cyber Monday falls on the Monday after Black Friday every year. In 2021, the shopping event will land on November 29.As a continuation of sorts to Black Friday, Cyber Monday gives shoppers another opportunity to save on tech, home goods, clothing, and more that you might've missed while digesting Thanksgiving dinner. Unlike Black Friday, though, Cyber Monday is entirely online.What time does Cyber Monday start?Cyber Monday officially begins at 12 a.m. ET on November 29. That said, the event is expected to carry over many deals from Black Friday, so some discounts will likely already be available before that time.What is Cyber Monday?Cyber Monday began as the online version of Black Friday, where online retailers offered big discounts to match their brick-and-mortar counterparts. Now, Cyber Monday is one of the biggest shopping days of the year, often surpassing even Black Friday in terms of revenue and sales. Previously, the main distinction between Black Friday and Cyber Monday was that Black Friday focused on in-store sales and Cyber Monday on online sales. But as shopping habits have increasingly favored the internet, shoppers can look forward to a very online-focused Cyber Monday and Black Friday. Cyber Monday offers a great opportunity to save on all your holiday gifts. How long do Cyber Monday sales last? Though Cyber Monday sales once took place on Monday only, we've seen them extend to longer and longer durations, with a handful lasting through the rest of the week. However, the best discounts we see are in limited supply and expire soon after they become available.What's better, Black Friday or Cyber Monday?With more and more buyers shopping online, the debate over which shopping holiday wins, is practically moot. Both events will be held predominantly online, and more than a few deals overlap. In fact, many Black Friday deals become Cyber Monday deals when the dates change. If possible, buyers should shop on both holidays. We've seen different products receive better discounts on each day, and the deals that each retailer offers will vary. Generally speaking, consumers shopping for big-ticket items, such as laptops, TVs, and kitchen appliances, can expect more opportunities on Black Friday. Shoppers looking for last year's models, smart home gadgets, digital subscriptions, and gift cards will likely find more luck during Cyber Monday.What should I buy during Cyber Monday?If a retailer offers Black Friday deals, it's a near guarantee that it will offer Cyber Monday deals, too. Amazon, Best Buy, Target, and Walmart are some noteworthy retailers that we know will participate in the shopping event, with deals across many product categories.We will likely see massive discounts on some of our favorite direct-to-consumer products during Cyber Monday, such as retail startups like Leesa and Brooklinen. For some online stores, Cyber Monday (or Cyber Week) will be one of the few times of the year when their products see major markdowns.Will there be Cyber Monday shipping delays?Shipping delays and shopping holidays are inextricably linked, so there's always a risk of late deliveries.To help you avoid the shipping crunch and get your stuff sooner, several retailers, including Walmart, Target, and Best Buy, offer in-store pickup and contactless curbside pickup. This means shoppers can grab their orders at a nearby location, provided that the retailer has it in stock. Best Cyber Monday deals we saw last yearLast year, we saw a lot of great sales on Cyber Monday ranging from sitewide discounts to specific products. Everything from home and kitchen, to subscription services were on sale during last year's annual savings event.Here are a few of the best Cyber Monday deals from 2020.  Philips Sonicare DiamondClean Classic Rechargeable Electric Toothbrush was $179 from Kohl's, originally $229.FujiFilm Instax Mini 11 Camera Bundle was $70 from Kohl's on Cyber Monday last year, originally $120.Keurig K-Supreme Single Serve K-Cup Pod Coffee Maker was $84 from Target on Cyber Monday last year, originally $140.How we select the best Cyber Monday dealsWe only choose products that meet our high standard of coverage, and that we've either used ourselves or researched carefully.We compare the prices among top retailers such as Amazon, Best Buy, Target, and Walmart and only include the deals that are better than all others offered (not including promotional discounts that come from using certain credit cards).All deals are at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsized value.Read more about how the Insider Reviews team evaluates deals and why you should trust us.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 28th, 2021

90+ Black Friday deals you can still get today: Dyson Airwrap, AirPods Pro, Roomba vacuums, and more

Black Friday is over, but you can still find deals just as good as Black Friday all over. Save on top buys from Walmart, Target, Nordstrom, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Apple; Amazon; Target; Nordstrom; Kohl's; Rachel Mendelson/InsiderBlack Friday 2021 is over, but that doesn't mean it's too late to save big. Tech, home and kitchen, beauty and fashion, and health and fitness are all seeing huge discounts, making it a great chance to shop for gifts and big purchases. Insider Reviews works year-round to test products and track prices so we can offer expert buying advice during peak shopping periods like Black Friday and Cyber Monday.Plenty of retailers started offering big discounts before Black Friday, so don't be surprised if popular items like Apple's AirPods Pro headphones and Instant Pot pressure cookers begin to sell out as the holiday shopping weekend continues. That said, we've seen a few products go out of stock briefly only to return a few hours later.Below, we've selected the best deals we've found during the Black Friday 2021 weekend, with prices from multiple retailers so you can compare and choose. We'll be adding new deals to the list on a regular basis through Cyber Monday, November 29.Check out our comprehensive list of Black Friday sales across the net, from startups to retailers.You can also find the best deals at specific stores like Amazon, Target, Walmart, and Nordstrom.Here are 18 more Black Friday deals under $50 that are still up for grabs.Best Black Friday 2021 tech dealsApple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $169.99 FROM AMAZONOriginally $249.99 | Save 32%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$209.00 FROM B&HOriginally $249.00 | Save 16%$399.99 FROM WALMARTRoku Streambar 2020Too much clutter under the TV? The interesting Roku Streambar combines all of the features of a Roku 4K player with a compact soundbar.$79.98 FROM AMAZONOriginally $129.99 | Save 38%$79.98 FROM BEST BUYOriginally $129.99 | Save 38%$79.98 FROM TARGETOriginally $129.99 | Save 38%$99.00 FROM WALMARTOriginally $129.99 | Save 24%Google Nest Hub (2nd gen)The Google Nest Hub is a smart display with a unique Sleep Sensing feature to help you monitor your sleep habits. $49.99 FROM KOHL'SOriginally $99.99 | Save 50%$49.98 FROM WALMARTOriginally $99.98 | Save 50%$49.99 FROM BEST BUYOriginally $99.99 | Save 50%Apple Watch Series 7Much more than a timepiece, the Apple Watch can also be used for keeping track of workouts, making phone calls, sending text messages, setting timers and alarms, counting calories, and more.$379.99 FROM AMAZONOriginally $399.00 | Save 5%$379.99 FROM WALMARTOriginally $399.00 | Save 5%$399.00 FROM APPLEApple Watch SE (40mm, GPS)With a recent Apple processor and many of the same features as the Series 7, the Apple Watch SE is a great budget-friendly option.$219.99 FROM TARGETOriginally $279.00 | Save 21%$279.00 FROM APPLEOriginally $279.00 | Save 0%Samsung Galaxy Watch 4 (40mm)The Samsung Galaxy Watch 4 is the obvious choice for Android users looking for a comprehensive, quality, premium smartwatch experience. However, it's a shame that the ECG feature is limited specifically to Samsung phone owners. $199.99 FROM AMAZONOriginally $279.99 | Save 29%$199.99 FROM TARGETOriginally $249.99 | Save 20%$229.99 FROM BEST BUYOriginally $279.99 | Save 18%MasterClass 2-for-1 membershipGet two MasterClass subscriptions for the price of one! Each subscription gets you access to all of MasterClass, so you can watch or sample unlimited celebrity and expert-led classes across a wide range of topics.$180.00 FROM MASTERCLASSOriginally $360.00 | Save 50%Sony WH-1000XM4Sony's WH-1000XM4 are our go-to pair of headphones when we look for a balance of sound quality and noise-cancelling performance.$248.00 FROM AMAZONOriginally $349.99 | Save 29%$248.00 FROM BEST BUYOriginally $349.99 | Save 29%$249.99 FROM TARGETOriginally $349.99 | Save 29%Bose QuietComfort 45The QuietComfort 45 have a refreshed design with improved noise cancelling and better battery life.$279.00 FROM BEST BUYOriginally $329.00 | Save 15%$279.00 FROM BOSEOriginally $329.00 | Save 15%$279.00 FROM AMAZONOriginally $329.00 | Save 15%Apple AirPods (3rd Gen)Apple's third-generation AirPods offer longer battery life, a MagSafe charger, water resistance, and support for spatial audio. $154.99 FROM MICRO CENTEROriginally $179.99 | Save 14%$179.00 FROM APPLE$169.99 FROM AMAZONOriginally $179.00 | Save 5%$179.00 FROM BEST BUY$174.98 FROM WALMARTApple Airpods (2nd Generation)You’ll need to pick up your pair from your local Micro Center, but this is a solid deal price for the second-generation Apple AirPods. You can often find them discounted as low as $120, making this extra $5 drop noteworthy. $104.99 FROM MICRO CENTEROriginally $129.99 | Save 19%$114.99 FROM TARGETOriginally $129.99 | Save 12%$114.99 FROM AMAZONOriginally $129.99 | Save 12%$119.99 FROM BEST BUYOriginally $129.99 | Save 8%Apple MacBook Air (M1)The latest MacBook Air released in late 2020 gains Apple's new M1 processor, which brings impressively fast performance and long battery life, for under $1,000, making it the best Apple laptop overall.$899.99 FROM BEST BUYOriginally $999.99 | Save 10%$999.00 FROM APPLE$899.00 FROM B&HOriginally $999.00 | Save 10%Apple MacBook Pro with M1 Processor (13-inch, 8GB RAM, 256GB)Apple's latest MacBook Pro with the M1 processor is leaps and bounds beyond its predecessor, but the Intel MacBook Pro still has some tricks.$1199.00 FROM B&HOriginally $1299.00 | Save 8%$1299.00 FROM APPLELG 65-inch C1 OLED 4K TVLG’s C1 is one of the best 4K TVs you can buy. The OLED panel delivers incredible image quality with an infinite contrast ratio. This deal price matches the lowest we’ve seen so far.$1796.99 FROM AMAZONOriginally $2499.98 | Save 28%$1796.99 FROM WALMARTOriginally $2499.98 | Save 28%Samsung 65-inch Q60A QLED 4K TVSamsung's Q60A is the company's less expensive lineup of premium QLED TVs. $849.99 FROM BEST BUYOriginally $999.99 | Save 15%Amazon Fire TV 50" Omni SeriesAmazon launched its own smart TVs in fall 2021 and the Omni Series boasts features like hands-free Alexa support and video calling along with the latest Fire TV software.$359.99 FROM AMAZONOriginally $509.99 | Save 29%Amazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%Amazon Fire TV Stick 4K MaxThe Fire TV Stick 4K is designed to be 40% more powerful than Fire TV Stick 4K. It also adds Wi-Fi 6 support.$34.99 FROM AMAZONOriginally $54.99 | Save 36%$34.99 FROM BEST BUYOriginally $54.99 | Save 36%$34.99 FROM TARGETOriginally $54.99 | Save 36%Ring Video Doorbell (2020)The latest affordable Video Doorbell model from Ring features 1080p recording and improved motion tracking. It's a great deal if you're looking to start adding smart devices to your home. Orders made now will be fulfilled in 6 to 7 weeks.$79.98 FROM AMAZONOriginally $99.99 | Save 20%Amazon All-New KindleThe Kindle allows users to download hundreds, if not thousands, of books straight to the device. This model has a front light that makes it better-suited for night time reading.$49.99 FROM AMAZONOriginally $89.99 | Save 44%Vizio Elevate 5.1.4 SoundbarVizio's Elevate soundbar offers a 5.1.4 Dolby Atmos experience with performance that rivals many full-fledged home theater systems.$798.00 FROM AMAZONOriginally $1099.99 | Save 27%$799.99 FROM BEST BUYOriginally $1099.99 | Save 27%Yamaha YAS-209 SoundbarYamaha's YAS-209 offers great sound, Amazon Alexa support, and well-balanced functionality for a reasonable price. $299.99 FROM BEST BUYOriginally $349.99 | Save 14%$299.95 FROM AMAZONOriginally $349.95 | Save 14%Logitech C922x Pro Stream WebcamYou'll also want a decent webcam and mic if you want to be seen on screen, and provide commentary for your gaming.$74.98 FROM AMAZONOriginally $99.99 | Save 25%$79.98 FROM BEST BUYOriginally $99.99 | Save 20%Microsoft Surface Pro 7The Microsoft Surface Pro 7 is sleek and portable with excellent performance for on-the-go use — making it still the most premium 2-in-1 tablet to date.$999.99 FROM BEST BUYOriginally $1329.00 | Save 25%GoPro Hero 10 BlackThis video and still camera has similar capabilities to larger variants, while maintaining the small go-anywhere form-factor it's known for.$349.98 FROM GOPROOriginally $499.99 | Save 30%Best Black Friday 2021 kitchen dealsKitchenAid KFC3516ER 3.5 Cup Food ChopperThe KitchenAid KFC3516ER 3.5 Cup Food Chopper is ideal and convenient for small prepping needs. The size makes it easy to store away or keep on your counter, and the Cyber Monday price makes it easy on your wallet. $39.99 FROM TARGETOriginally $54.99 | Save 27%$39.99 FROM KITCHENAIDOriginally $54.99 | Save 27%Ninja Professional Kitchen System BlenderThe Ninja Professional Kitchen System is a powerful blender that transforms into a food processor or a personal blender with just the swap of an attachment.$99.99 FROM TARGETOriginally $199.99 | Save 50%Ninja Professional Plus Food ProcessorThe Ninja Professional Plus makes food prep fast and easy with presets for chopped vegetables, shredded cheese, more.$79.98 FROM KOHLSOriginally $119.99 | Save 33%Zojirushi Virtuoso Plus BreadmakerThis bread machine kneads thoroughly, bakes evenly, and, unlike many of its competitors, turns out standard-sized loaves. $217.99 FROM BED BATH & BEYONDOriginally $359.99 | Save 39%$359.99 FROM ABTDrinkMate Beverage Carbonation MakerIf you'd like to add fizz to more than just water, consider the Drinkmate Beverage Carbonation Maker, which can carbonate everything from juice to wine.$79.95 FROM AMAZONOriginally $95.93 | Save 17%Ninja Foodi 5-in-1 Indoor Grill with Air Fryer, Roast, Bake & DehydrateThe Ninja Foodi 5-in-1 has five functions, including grill, bake, and dehydrate. Its temperatures range between 105°F to 500°F, giving it a lot of versatility in cooking options. Many of the parts are dishwasher safe for easier cleanup. $169.99 FROM TARGETOriginally $229.99 | Save 26%$209.99 FROM KOHL'SOriginally $249.99 | Save 16%Vitamix Explorian BlenderThe renewed Vitamix Explorian is pre-owned, but every bit as good as new and comes with a 90-day Amazon Renewed Guarantee on top of a 3-year full warranty.$289.95 FROM TARGETOriginally $449.99 | Save 36%$289.95 FROM BEST BUYOriginally $345.99 | Save 16%Instant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$59.99 FROM TARGETOriginally $129.99 | Save 54%Our Place Always PanOur Place's Always Pan is multi-functional nonstick pan that's taken the internet by storm. It promises to replace eight different pieces of cookware in your kitchen. It can function as a steamer, saute pan, frying pan, and more. $99.00 FROM OUR PLACEOriginally $145.00 | Save 32%Cuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%Keurig K-Mini Single Serve Coffee MakerThe slim 6- to 12-ounce coffee maker will fit neatly on any kitchen counter and save energy with the auto-off feature after brewing.$49.99 FROM TARGETOriginally $89.99 | Save 44%$49.99 FROM THE HOME DEPOTOriginally $79.98 | Save 37%Bodum Chambord French PressThe Bodum Chambord is about as timeless as French presses get. It's unfussy and operates smoothly, and replacement parts (screens, braces, etc.) are affordable and easily attainable. $25.00 FROM AMAZONOriginally $38.00 | Save 34%Best Black Friday 2021 home dealsDyson Airwrap Complete StylerDyson Airwrap Complete Styler is engineered for multiple hair types and styles. Featuring Coanda air styling and propelled by the Dyson digital motor, users can curl, wave, smooth and dry with no extreme heat.$399.99 FROM NEW EGGOriginally $499.99 | Save 20%$549.00 FROM SEPHORA$549.95 FROM DYSON$549.99 FROM ULTA$549.99 FROM BEST BUY$549.00 FROM AMAZONChewy Pet ProductsFor Cyber Monday, Chewy is offering $30 off purchases of $100 or more. This is only for select products, including food, treats, beds, and more.$70.00 FROM CHEWYOriginally $100.00 | Save 30%Dyson Outsize Absolute+The Dyson Outsize Absolute+ is ideal for whole home, deep cleaning with its full-size dustbin and large cleaner head. $749.99 FROM DYSONOriginally $899.99 | Save 17%Dyson V8 AbsoluteBuilt with a soft roller head for hard floors and a motorized cleaner head for carpets, the Dyson V8 Absolute handles all surfaces efficiently.$399.99 FROM DYSONOriginally $449.99 | Save 11%Dyson Cyclone V10 AbsoluteEquipped with a sensor to detect the difference between carpets and hard floors, the Cyclone V10 Absolute is the perfect vacuum cleaner for any room in the house. We've seen it go for as low as $350 before (it's usually $550), but during Black Friday and Cyber Monday, you'll get it for $400 while supplies last.$499.99 FROM DYSONOriginally $549.99 | Save 9%Drinkwell Two-Gallon Pet FountainThis two gallon pet drinking fountain is the perfect accessory to make sure your dog or cat (or both) are drinking enough water.$59.95 FROM AMAZONOriginally $74.95 | Save 20%Brooklinen Luxe Core Sheet Set (Queen)If you take your sleep comfort seriously, the pampering touch and good looks of Brooklinen's Luxe Sheets will have you sleeping like a baby.$140.00 FROM BROOKLINENOriginally $175.00 | Save 20%$140.00 FROM AMAZONOriginally $175.00 | Save 20%Eufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$169.99 FROM EUFYOriginally $249.99 | Save 32%iRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Shark ION Robot® Vacuum RV750This is one of the cheapest smart vacuums we've seen to date – this far out from the official launch of Walmart's sale. It's tough to imagine this getting much cheaper during the deals event, so it might be wise to act quickly.$143.00 FROM WALMARTOriginally $299.99 | Save 52%Ecovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$499.99 FROM AMAZONOriginally $749.99 | Save 33%$799.99 FROM BEST BUYBissell SpinWave Robot VacuumThe 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. $249.00 FROM AMAZONOriginally $399.99 | Save 38%$299.00 FROM WALMARTOriginally $399.99 | Save 25%Dewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 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. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Best Black Friday 2021 gaming dealsNintendo Switch Legend of Zelda: Breath of the Wild (Digital Download)The Legend of Zelda: Breath of the Wild was released for the Nintendo Switch in 2017, but still remains one of the best Switch games out there. Right now, a physical copy is selling for $40, which is a solid price on this rarely discounted game.$35.00 FROM WALMARTOriginally $59.99 | Save 42%Nintendo Switch Fire Emblem: Three Houses"Fire Emblem: Three Houses" is a turn-based war strategy game that encourages you to build relationships with your soldiers and master your tactics on the battlefield. $35.00 FROM AMAZONOriginally $59.99 | Save 42%$34.99 FROM GAMESTOPOriginally $59.99 | Save 42%$39.99 FROM BEST BUYOriginally $59.99 | Save 33%$39.88 FROM WALMARTOriginally $59.99 | Save 34%Nintendo eShop $50 Gift CardThe Nintendo eShop is the best place to shop for digital copies of Nintendo's games. This gift card is the perfect gift or investment for anyone with a Nintendo Switch. Better still, Nintendo's eShop offers several sales throughout the year. This means, patient shoppers can double their savings.$45.00 FROM WALMARTOriginally $50.00 | Save 10%$50.00 FROM BEST BUY$45.00 FROM NEWEGGOriginally $50.00 | Save 10%Xbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%PlayStation Plus 12-Month SubscriptionPlayStation Plus allows gamers to play online, nets them special discounts in the PlayStation Network store, and subscribers get free games each month that remain available as long as the PlayStation Plus subscription is active. $36.99 FROM CDKEYSOriginally $59.99 | Save 38%$39.99 FROM BEST BUYOriginally $59.99 | Save 33%$39.99 FROM AMAZONOriginally $59.99 | Save 33%Microsoft Xbox Series S|X Wireless ControllerThis latest-gen Xbox gamepad is the best Microsoft has ever made, and during Cyber Monday, shoppers can save $20 on this recently released controller.$49.99 FROM MICROSOFTOriginally $59.99 | Save 17%$54.99 FROM BEST BUYOriginally $59.99 | Save 8%$49.00 FROM GAME STOPOriginally $54.99 | Save 11%$52.99 FROM WALMARTOriginally $59.99 | Save 12%Death Loop for PlayStation 5“Death Loop” is an unusual first-person shooter that challenges players to escape a day-long time loop by assassinating specific targets. The game is a great pick for fans of spy movies, sci-fi, and creative gunplay.$29.99 FROM BEST BUYOriginally $59.99 | Save 50%Call of Duty Vanguard for PlayStation 4The latest Call of Duty game is now on sale for $20 off, just a few weeks after its release.$39.00 FROM WALMARTOriginally $59.99 | Save 35%$44.99 FROM TARGETOriginally $59.99 | Save 25%Logitech G305 Lightspeed Wireless Gaming MouseCompact and portable, the Logitech G305 is great to take on the go. It's best if you prefer smaller mice and right now it's only $40, a great price drop from a typical selling price of $50.$29.99 FROM AMAZONOriginally $59.99 | Save 50%$29.99 FROM WALMARTOriginally $48.97 | Save 39%Nintendo Switch Ring Fit Adventure"Ring Fit Adventure" for the Nintendo Switch uses the exclusive "Ring-Con" attachment and a leg strap to track movement and provide resistance for workouts. The game also includes an adventure mode. Right now, it's selling for $55 at Target and Amazon, $25 off its usual price and the lowest price we've ever seen on this game.$54.99 FROM TARGETOriginally $79.98 | Save 31%$54.99 FROM AMAZONOriginally $79.98 | Save 31%$54.00 FROM WALMARTOriginally $80.00 | Save 33%$54.99 FROM BEST BUYOriginally $79.98 | Save 31%Best Black Friday streaming dealsHulu Monthly Subscription (Deal)Save a huge 85% on an ad-supported Hulu subscription for an entire year. That amounts to just 99 cents per month. This deal is live until Monday, November 29. $0.99 FROM HULUOriginally $6.99 | Save 86%Philo TVIf you want your streaming service to cost less per month than a single trip for the family to Starbucks, Philo TV is made with you in mind.$5.00 FROM PHILOOriginally $25.00 | Save 80%Disney Plus Free Trial with Amazon Music UnlimitedNew Amazon Music Unlimited subscribers can get six months of Disney Plus for free when they sign up. Current Music Unlimited members can get three months of Disney Plus. Music Unlimited costs $8 a month for Prime members or $10 a month without Prime.$0.00 FROM AMAZONAmazon Prime Video Channel Add-OnsPrime Video subscribers can choose from a variety of channel-add ons including Starz, Showtime, Paramount+, AMC+, Discovery+, and more.$0.99 FROM AMAZONOriginally $10.99 | Save 91%YouTube PremiumYouTube Premium lets you stream videos and music on YouTube without any ads. The service also features exclusive programs.FREE FROM YOUTUBEOriginally $11.99 | Save 100%Best Black Friday health & fitness dealsTheragun PROThe Theragun Pro is our top pick: a powerful, customizable, and durable massager that's worth every bit of its $600 price tag. $399.99 FROM TARGETOriginally $599.99 | Save 33%$399.00 FROM AMAZONOriginally $599.00 | Save 33%$399.00 FROM NORDSTROMOriginally $599.00 | Save 33%$399.00 FROM THERABODYOriginally $599.00 | Save 33%23andMe Ancestry + Health KitThe 23andMe DNA Ancestry + Health Kit tells you which illnesses you're predisposed to and gives you a full look at your ancestry.$99.00 FROM AMAZONOriginally $199.00 | Save 50%$99.00 FROM 23ANDMEOriginally $199.00 | Save 50%AncestryDNA Genetic Ethnicity TestThe Ancestry DNA Origins + Ethnicity Test gets you access to the largest customer database, which means more detailed results and more family matches.$49.00 FROM ANCESTRYOriginally $99.00 | Save 51%$49.00 FROM WALMARTOriginally $99.00 | Save 51%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Mirror from lululemonThis isn't just a mirror. It's a cardio class, it's a yoga studio, it's a boxing ring, it's your new personal trainer, and it's so much more. For Cyber Monday, Mirror is on sale for $500 with the code "CYBERMONDAY20"$995.00 FROM MIRROROriginally $1495.00 | Save 33%Hydro Flask 32-Ounce Wide Mouth This bottle has all the hallmark features of a Hydro Flask water bottle — 12-24 hours of temperature retention, powder color coating that won't chip or fade with time, a silicone twist top — with the very convenient wide mouth for easy pouring and drinking.$33.71 FROM HYDRO FLASKOriginally $44.95 | Save 25%Amazon HaloAmazon's Halo fitness tracker can analyze the tone of your voice to help you understand how you sound to others.$54.99 FROM AMAZONOriginally $99.99 | Save 45%LifeSpan TR1200i Folding TreadmillThe TR1200i is the baby sister of our top pick for a folding treadmill, the TR300i, with fewer built-in training programs and fewer fancy features like manual instead of digital buttons. But it's nearly the same size, has the same motor, and the same shock absorption — but for significantly cheaper.$899.00 FROM LIFESPANOriginally $1199.00 | Save 25%Best Black Friday style & beauty dealsDyson Airwrap Complete StylerDyson Airwrap Complete Styler is engineered for multiple hair types and styles. Featuring Coanda air styling and propelled by the Dyson digital motor, users can curl, wave, smooth and dry with no extreme heat.$399.99 FROM NEW EGGOriginally $499.99 | Save 20%$549.00 FROM SEPHORA$549.95 FROM DYSON$549.99 FROM ULTA$549.99 FROM BEST BUY$549.00 FROM AMAZONL.L.Bean Wicked Good Slippers - Men'sThis shearling-lined, leather-bottom slipper is one of the best men's slippers we've ever tried.$75.65 FROM L.L.BEANOriginally $89.00 | Save 15%L.L.Bean Wicked Good Shearling-Lined Slides - Women'sThese ridiculously-cozy, shearling-lined slides are easy to slip on and off, and keep your feet toasty around the house.$67.15 FROM L.L.BEANOriginally $79.00 | Save 15%L.L.Bean Toddlers' Wicked Good SlippersEverything we love about L.L.Bean's Wicked Good Slippers — but mini. These shearling-lined, leather-soled booties will keep kid's feet, sizes 3-10, toasty around the house and in a stroller.$33.96 FROM L.L.BEANOriginally $39.95 | Save 15%Lululemon Hooded Define JacketA fan-favorite, now with a hood. Between the technical fabric and a do-anything fit, it's easy to see why this one's a hit. Right now you can save up to 50% on this versatile piece, but sizes are selling out quickly. $64.00 FROM LULULEMONOriginally $128.00 | Save 50%Lululemon Wunder Under High-Rise TightLululemon is, in many ways, the genesis of athleisure, so it's not surprising that the company has an edge in the space.$69.00 FROM LULULEMONOriginally $98.00 | Save 30%Lululemon Metal Vent Breathe Short SleeveLululemon Metal Vent Breathe Short Sleeve $49.00 FROM LULULEMONOriginally $78.00 | Save 37%Bombas Women's Gripper Slipper (Sherpa Lined) 2-PackA mix between socks and slippers, Bombas' Gripper Slippers include a cozy sherpa lining and sole grippers to prevent slips. $72.95 FROM BOMBASOriginally $96.00 | Save 24%Columbia Men's Lake 22 Down Hooded JacketThis water-resistant jacket is stocked with 650-fill power down insulation, zippered hand pockets, and a structured hood to keep you zipped up and toasty through any winter weather.$69.98 FROM COLUMBIAOriginally $140.00 | Save 50%Levi's 501 Original Fit JeansA blank canvas for self-expression, featuring the iconic straight fit and signature button fly.$58.80 FROM LEVI'SOriginally $98.00 | Save 40%Adidas Climacool VentoThe Adidas Climacool Vento features a highly breathable mesh upper to help keep your feet cool.$98.00 FROM ADIDASOriginally $140.00 | Save 30%Nike Adapt Auto MaxThe Nike Adapt Auto Max uses advanced technology to automatically form to your foot without laces.$286.63 FROM NIKEOriginally $400.00 | Save 28%Nike Space Hippie 01The Nike Space Hippie 01 is made from 50% recycled materials and features a lightweight, track-inspired look.$77.58 FROM NIKEOriginally $130.00 | Save 40%Fenty Beauty Pro Filt'r Soft Matte Longwear FoundationFor a matte, but not stone-like complexion, try Fenty Pro Filt'r Soft Matte Longwear Foundation.$27.00 FROM SEPHORAOriginally $36.00 | Save 25%$27.00 FROM FENTYOriginally $36.00 | Save 25%Crocs Classic Clog (Unisex)The shoe that really started it all, the Classic Clog is comfortable, breathable, and easy to slip on whenever. With over 20 fun colors to choose from, you can’t go wrong.$39.99 FROM CROCSOriginally $49.99 | Save 20%$27.45 FROM AMAZONDagne Dover Indi Diaper BackpackDagne Dover's Indi Diaper Backpack adds a stylish neutral flair while holding every basic essential.$160.00 FROM DAGNE DOVEROriginally $200.00 | Save 20%Everlane Glove Boot ReKnitEverlane's Glove Boot is a sleek boot made with stretchy, sustainable knit fabric and a walkable heel for all-day comfort. $46.00 FROM EVERLANEOriginally $115.00 | Save 60%OutdoorVoices The Exercise DressOutdoorVoices makes a few of our favorite athleisure items, and they're another example of a company that can balance form and function.$75.00 FROM OUTDOORVOICESOriginally $100.00 | Save 25%Rough Linen St. Barts Linen RobeThe Rough Linen St. Barts Robe is made from top-notch linen that offers a light feel and a cool, casual look.$131.93 FROM ROUGH LINENOriginally $167.00 | Save 21%Kiehl's Since 1851 Avocado Nourishing Hydration MaskWinter is coming, and Kiehls' Avocado Mask is here to provide your skin with hydration all season long. This nourishing treatment infuses your face with avocado and evening primrose oils, offering sumptuous moisture after just one use. Plus, it's green tint is a total throwback. You can save 50% on a jar during Black Friday sale. $22.50 FROM NORDSTROMOriginally $45.00 | Save 50%$22.50 FROM MACY'SOriginally $45.00 | Save 50%Giorgio Armani Lip Magnet Liquid LipstickA liquid lip color that gives you a super matte look, but it's so light it feels like a lip stain. The formula is highly pigmented, smudge-resistant, and comfortable on your lips.$19.00 FROM NORDSTROMOriginally $38.00 | Save 50%Anastasia Beverly Hills Brow DefinerThere's a reason why Anastasia Beverly Hills' Brow Definer is a favorite among beauty editors. The angled applicator allows you to sketch on hair-like strokes, providing you with a natural-looking fill every single time. The Definer is on sale during Nordstrom's Black Friday sale, and it's one of the best prices we've seen for this cult-favorite product. You can shop it in every color for just $16. $16.10 FROM NORDSTROMOriginally $23.00 | Save 30%Nike Sportswear Essential Fleece PantsMade from soft fleece material, these sweats are perfect for everyday comfort.$48.00 FROM NORDSTROMOriginally $60.00 | Save 20%Thread & Supply Double Breasted PeacoatThis peacoat from Thread & Supply is a classic with a twist. The oversized buttons extend up the lapel to the collar, giving you the option to bundle up if necessary. And if you don't love it in black, never fear — you can save 31% on this coat in black, camel, or light gray. $39.90 FROM NORDSTROMOriginally $58.00 | Save 31%True & Co. True Body Triangle Convertible Strap BraletteThe convertible straps on this wireless bra can be worn either straight or crisscrossed, and the smooth material appears invisible under clothes.$30.80 FROM NORDSTROMOriginally $44.00 | Save 30%Spanx Faux Leather LeggingsMade with the same level of support as its signature shapewear but with a little extra stretch, these leggings are designed to not only make you look great but feel great, too. $78.40 FROM NORDSTROMOriginally $98.00 | Save 20%$78.40 FROM SPANX Originally $98.00 | Save 20%Lululemon Wunder Under High-Rise TightLululemon is, in many ways, the genesis of athleisure, so it's not surprising that the company has an edge in the space.$69.00 FROM LULULEMONOriginally $98.00 | Save 30%Chaps Mens Long Sleeve Button DownMade from an easy-to-care-for cotton blend and a dose of stretch, this men's button-down shirt will keep you looking polished all day.$19.98 FROM WALMARTOriginally $60.00 | Save 67%Nine West Car Coat CardiganThi cozy topper is part coat, part cardigan, and will keep you warm all winter. Save an extra 15% on this cardigan with the code ENJOY15 at checkout.$21.24 FROM KOHL'SOriginally $60.00 | Save 65%Black Friday 2021 FAQSWhat is Black Friday?Black Friday is an annual sales event that traditionally happens at the end of November, marking the beginning of the holiday shopping season. The savings event is one of the biggest shopping holidays of the year — sales are so high that the day can push a retailer into "the black," or solvency.We've been seeing noteworthy price drops for the entire month of November, with all-time lows cropping up more and more as the day gets closer.When is Black Friday 2021?Black Friday is always the Friday after Thanksgiving. This year, Black Friday fell on November 26. However, we're seeing Black Friday-caliber deals continue even after Black Friday.Retailers like Amazon, Walmart, and Best Buy have already kicked off their Black Friday sales, days before the holiday itself.What time did Black Friday start?Technically speaking, Black Friday started at 12:00 a.m. local time on November 26 for online retailers. However, Black Friday sales started whenever each retailer decided their deals will go live.A handful of retailers, like Walmart and Amazon, started early and have extended sales past Black Friday.What time do stores open on Black Friday weekend?Here are the opening times for the major retailers we're tracking throughout Black Friday weekend. Keep in mind that you can shop all the retailers below, plus others like Amazon, around the clock online.Apple: Varies by store, check store hours here.Bed Bath & Beyond: 6 a.m.Best Buy: 5 a.m.Dick's Sporting Goods: 5 a.m.The Home Depot: 6 a.m.Kohl's: 5 a.m.Lowe's: 6 a.m.Macy's: 6 a.m.Nordstrom and Nordstrom Rack: Varies by store, check store hours here.Sephora: Varies by store, check store hours here.Target: 7 a.m.Ulta Beauty: 6 a.m.Walmart: 5 a.m.How long do Black Friday sales last?Don't be fooled by the name that suggests Black Friday is a single day. It's most definitely not. It's more like a shopping season that begins in early November. There are still Black Friday deals available right now.What should you buy on Black Friday?Since it falls a few weeks before the gift-giving season, Black Friday provides excellent opportunities to buy and save on all your holiday gifts before the last-minute rush. It's nearly guaranteed that you'll get great value for your money on certain products during Black Friday weekend — but some items tend to see better discounts at other times of the year. If you go in knowing what you're looking for, you're less likely to be ripped off by a fancy-looking coupon or to spend money on products you don't need.Shoppers saw tons of great deals — including so-called "doorbusters" — online before and early on in Black Friday. During the event, prices drop to all-time lows, often beating out prices we see over the course of the year. The sale covers every product category: tech, home and kitchen, fashion, and smart home. This Black Friday, we've seen similar offers to the ones we saw on Amazon Prime Day, except more wide-ranging.We recommend focusing on the following product categories if you want the best deals: TVsSmart home devicesGaming consoles and video gamesKitchen appliancesHistorically, Black Friday has been a great time to purchase big-ticket electronics — especially larger TVs. Whether you're looking for a top-of-the-line Samsung set or LG OLED, or a budget-friendly TCL or Hisense model, Black Friday weekend still has several deals.Much like Amazon Prime Day, we saw tons of discounts on smart home products last Black Friday. Amazon Echo products dropped to their lowest prices ever, plus we saw several discounts and bundles on Google's recently released products.This Black Friday we have seen discounts on the latest Xbox and Playstation games. While we didn't see any markdowns on new consoles last year, we did see a few bundles crop up and we've seen more of them in 2021. If you're looking for a kitchen upgrade, Black Friday is a great time to shop. We saw big discounts on Instant Pot pressure cookers, KitchenAid appliances, pots and pans, plus everything else you'll want for the upcoming holiday season.Of course, the deals found during Black Friday are incredibly wide-ranging. There have also been several deals on diapers, toilet paper, and other household essentials.Is Black Friday or Cyber Monday better?It's complicated, and it matters less every year.For those unfamiliar, Cyber Monday traditionally comes three days after Black Friday, on Monday. However, we've seen Black Friday and Cyber Monday slowly merge and expand to a weeklong, or even a month-long affair. Different products receive better discounts on each day, and the deals that each retailer offers will vary.A good rule of thumb to follow: If you think you see a good deal, (e.g., one we recommend) create the order as soon as possible. While you can always cancel or return a product, it's impossible to take advantage of an inactive, or expired deal.Suppose you purchase a discounted product during Black Friday and see a more significant markdown at another retailer come Cyber Monday. Don't sweat it.You can ask the original storefront to match the price (some automatically refund you the difference), or you can return or cancel the order, then place a new order with a better price. Some orders won't even ship during the weekend, which makes it easy to cancel orders.For those who can shop in-person during Black Friday weekend, we've found that it's better to shop that way in these situations:For expensive productsFor major storesFor this year's productsWhat stores have Black Friday deals still? Outside of a few notable exceptions like REI, nearly every major retailer and direct-to-consumer company is offering markdowns during the event. We've seen deals from Walmart, Best Buy, Dell, Amazon, Adorama, Lowe's, The Home Depot, and more.As we do every Black Friday, we are sifting through all of the offers and rounding up the best deals from your favorite retailers.Are there be Black Friday shipping delays?Shipping delays and major shopping holidays go hand in hand, and this year is no exception. Supply chain issues are cropping up, but they probably won't ruin your Christmas. To be safe, try buying your gifts as early as possible to avoid stock issues. With so many deals rolling out early, that's easier than ever.When did Black Friday ads come out?Black Friday ad scans are now available, including Walmart, Kohl's, Macy's, Amazon, and Target. For the full list of available ads, check out the catalog compiled on BlackFriday.com.Best Black Friday Deals we saw last yearLast year, we rounded up the best Black Friday deals we could find. Some of the best deals we found discounted many products over 50% with hundreds of dollars in savings. Here are some of the best markdowns we saw last year. iRobot Roomba 675 robot vacuum was $179 on Amazon, originally $229.LG 75" 80 Series smart webOS TV was $999 at Best Buy, originally $1,499.Insignia 24-inch Fire TV was $100 from Amazon, originally $170.Lenovo smart clock was $35 from Best Buy, originally $80.Samsung 1TB internal SSD was $100 from Walmart, originally $280.How we select the best Black Friday dealsWe only choose products that meet our high standard of coverage and that we've either used ourselves or researched carefully.We'll compare the prices among top retailers such as Amazon, Best Buy, Target, and Walmart and include only the deals that are better than all others offered (not including promotional discounts that come from using certain credit cards). All deals will be at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsize value.Read more about how the Insider Reviews team evaluates deals and why you should trust us.Read the original article on Business Insider.....»»

Category: worldSource: nytNov 27th, 2021

The 45 best Black Friday 2021 deals from Amazon, Best Buy, Walmart, Target, Kohl"s, and more

We're live-blogging the best 2021 Black Friday deals in real-time all day long from Amazon, Walmart, Target, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Kohl's; Sardel; Amazon; Apple; Nike; Alyssa Powell/InsiderFinding the best Black Friday deals isn't always as simple as it seems. With every major retailer running their own version of the massive sale, figuring out what's available and whether it's a good deal or not can turn into more of a chore than it needs to be.We're here to help. Our 30 full-time editors and reporters spend the year researching and personally testing hundreds of products in their areas of expertise and consult with industry professionals ranging from "The Sleep Doctor" for the best mattresses to our own medical review board for health coverage. Read more about why you can trust us here.Throughout the day, we'll be updating this page with the best Black Friday discounts and lightning deals so you don't have to scroll through pages of sales to find the true hidden gems.Keep in mind that many of the deals available throughout Black Friday only run for a few hours (or in limited quantities). Take Amazon's aptly named Lightning Deals, for instance. These are intentionally active for a short period of time with a set number of the product available for purchase — once the timer gets to zero, or the deal reaches 100% claimed, the discount ends.Our list is sorted by the newest deal first, and we'll be updating it multiple times every hour. Check back frequently for the freshest Black Friday deals across all major retailers like Best Buy, Amazon, Target, Walmart, and more.The best Black Friday shopping deals right now29% off the Repel Windproof Travel UmbrellaAmazonRepel Windproof Travel UmbrellaThe Repel Windproof Travel Umbrella sheds water and resists wind gusts better than many umbrellas that are larger and pricier, and it lasts longer, too.$29.95 FROM AMAZON$29.95 FROM REPEL40% off the Amazon Smart PlugAmazonAmazon Smart PlugYou can plug any device into the Amazon Smart Plug to make it smart so that you can control the device in person with your voice or remotely with the app.$14.99 FROM AMAZONOriginally $24.99 | Save 40%20% off Coop Home Goods Premium Adjustable Loft PillowAmazonCoop Home Goods Premium Adjustable Pillow$64.00 FROM COOP HOME GOODSOriginally $80.00 | Save 20%$63.99 FROM AMAZONOriginally $80.00 | Save 20%42% off the Roku Streaming Stick 4KRokuRoku Streaming Stick 4K (2021)Compared 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.$29.00 FROM AMAZONOriginally $49.99 | Save 42%$29.99 FROM ROKUOriginally $49.99 | Save 40%$29.99 FROM BEST BUYOriginally $49.99 | Save 40%$29.00 FROM WALMARTOriginally $49.99 | Save 42%40% off the Oral-B Pro 1000 CrossAction Electric ToothbrushAmazonOral-B Pro 1000 CrossAction Electric ToothbrushWe love this electric toothbrush as a budget-friendly option that doesn't compromise on performance. It's also the path of least resistance to helping your teen build their own healthy habits.$29.94 FROM AMAZONOriginally $49.94 | Save 40%60% off an Ancestry DNA + Traits KitAmazonAncestryDNA DNA + TraitsThe AncestryDNA + Traits kit gives you all of the same information as you get from the above kit plus over 25 of your most interesting traits as determined by your genetics so you can learn about where your characteristics came from.$48.00 FROM AMAZONOriginally $119.00 | Save 60%Up to 50% off the FitbitsLisa Eadicicco/InsiderFitbit Charge 4The Charge 4 hits a budget-friendly price point while offering stellar activity tracking in a smaller footprint than a smartwatch.$69.00 FROM WALMARTOriginally $149.94 | Save 54%$129.94 FROM BEST BUYFitbit SenseThe 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. $199.95 FROM AMAZONOriginally $299.95 | Save 33%$199.95 FROM BEST BUYOriginally $299.95 | Save 33%$199.95 FROM FITBITOriginally $299.95 | Save 33%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Up to 50% off Casper mattresses and beddingJames Brains/InsiderSave up to 50% off at CasperCasper Nova Hybrid Mattress (Queen)Casper's Nova Hybrid Mattress is a great option for people looking for a soft and plush yet supportive mattress. $1466.50 FROM CASPEROriginally $2095.00 | Save 30%Casper Original Mattress (Queen)The Casper mattress has a firm feel that provides excellent support right to the edge, and it will keep your body cool through the night. $876.00 FROM CASPEROriginally $1095.00 | Save 20%$876.00 FROM AMAZONOriginally $1095.00 | Save 20%$875.99 FROM MACY'SOriginally $1095.00 | Save 20%Casper Hyperlite Sheet Set (Queen)Over the years, we've tested several Casper sheet sets and loved them all. Our current favorite is the Casper Hyperlite Sheet Set, which we recommend in our guide to the best sheets.$129.00 FROM CASPEROriginally $258.00 | Save 50%$30 off select products at Chewy when you spend $100Chewy is hiring across multiple teams in 14 states.ChewyChewy Pet ProductsThis Black Friday, Chewy is offering $30 off purchases of $100 or more. This is only for select products, including food, treats, beds, and more.$70.00 FROM CHEWYOriginally $100.00 | Save 30%38% off the Bissell SpinWave Robot VacuumJames Brains/InsiderBissell SpinWave Robot VacuumThe 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. $249.00 FROM AMAZONOriginally $399.99 | Save 38%$249.00 FROM WALMARTOriginally $399.99 | Save 38%25% off sitewide at Wild OneShoshi Parks/InsiderSave 25% off sitewide at Wild OneWild One LeashWild One’s waterproof leash comes in a variety of fun and bright colors to choose from. Right now, you can save 20% sitewide at Wild One and get this adjustable leash for $58 with the Insider-exclusive promo code. $43.50 FROM WILD ONEOriginally $58.00 | Save 25%Wild One Travel CarrierThe uniquely designed Wild One Travel Carrier offers comfort and convenience in the air and at your destination. To save $20 on each carrier you purchase, enter code INSIDERTC20 at checkout. $93.75 FROM WILD ONEOriginally $125.00 | Save 25%Wild One Harness Walk & Play KitSome of Wild One’s most coveted items are included in their walk and play kit. Choose from four different colors for your harness, leash and poop bag carrier. They’ll complete the package with three matching natural rubber toys, including the treat-dispensing twist toss and a triangle tug.$117.25 FROM WILD ONEOriginally $157.00 | Save 25%37% off Ecovacs Deebot T8 AIVI Robot VacuumJames Brains/InsiderEcovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$469.99 FROM AMAZONOriginally $749.99 | Save 37%$799.99 FROM BEST BUY35% off the DeWalt Atomic Max Cordless Drill KitAmazonDewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 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. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Up to 43% off Eufy robot vacuumsAmazonEufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$169.99 FROM EUFYOriginally $249.99 | Save 32%Eufy RoboVac G30 EdgeThe G30 Edge is a high-end model from a budget manufacturer. It comes with plenty of useful features. The Edge struggles with carpeting and in corners, but it performs well on hard floors.$199.99 FROM AMAZONOriginally $349.00 | Save 43%25% off the Aarke Carbonator III Soda MakerAmazonAarke Carbonator IIIThe Aarke Carbonator III uses a simple pull-down handle to create intense levels of fizz, and its beautiful design will fit right in among your countertop appliances.$164.25 FROM AMAZONOriginally $219.00 | Save 25%$164.25 FROM NORDSTROMOriginally $219.00 | Save 25%Buy one MasterClass membership get one freeMasterClassMasterClass 2-for-1 membershipGet two MasterClass subscriptions for the price of one! Each subscription gets you access to all of MasterClass, so you can watch or sample unlimited celebrity and expert-led classes across a wide range of topics.$180.00 FROM MASTERCLASSOriginally $360.00 | Save 50%Free 3 months of Amazon Music UnlimitedAlyssa Powell/InsiderAmazon Music Unlimited New subscribers can get 3 months of access to Amazon's Music Unlimited streaming service for free for a limited time.FREE FROM AMAZONOriginally $9.99 | Save 100%20% off sitewide at BrooklinenBrooklinenSave 20% off sitewide at BrooklinenBrooklinen Weighted Comforter (15 lb)Brooklinen's Weighted Comforter has a premium plush design that blends seamlessly with the rest of your bedding.$199.20 FROM BROOKLINENOriginally $249.00 | Save 20%Brooklinen Down PillowThe mid-plush Brooklinen Down Pillow conforms well to different sleeping positions, making it the ideal pillow for people who shift throughout the night. It feels as good as pillows double its price.$55.20 FROM BROOKLINENOriginally $69.00 | Save 20%Brooklinen Luxe Core Sheet Set (Queen)If you take your sleep comfort seriously, the pampering touch and good looks of Brooklinen's Luxe Sheets will have you sleeping like a baby.$140.00 FROM BROOKLINENOriginally $175.00 | Save 20%$140.00 FROM AMAZONOriginally $175.00 | Save 20%Brooklinen Heathered Cashmere Duvet Cover (Queen)The Brooklinen Heathered Cashmere Duvet Cover is brushed for extra softness and coziness. Not only is it comfortable, but it's also designed with extra long corner ties and larger-than-average buttons to make changing your duvet cover easy. $223.20 FROM BROOKLINENOriginally $279.00 | Save 20%Brooklinen All-Season Down Comforter (Queen)The Brooklinen All-Season Down Comforter is a soft, light, and comfortable choice that's airy and warm but remains breathable so you can use it any time of the year.$287.20 FROM BROOKLINENOriginally $359.00 | Save 20%$287.20 FROM AMAZONOriginally $359.00 | Save 20%22% off the NordicTrack Commercial 2950 TreadmillAmazonNordicTrack Commercial 2950 TreadmillNordicTrack's Commercial 2950 treadmill utilizes iFit's library of more than 1,500 interactive workouts, folds easily to free up space, and has excellent speakers.$2499.00 FROM AMAZONOriginally $3199.00 | Save 22%$2399.98 FROM BEST BUYOriginally $3199.00 | Save 25%58% off the Crock-Pot Express Crock XL MulticookerJames Brains/InsiderCrock-Pot Express Crock XL Multicooker (8-quart)The Crock-Pot Express Crock XL Multicooker performed well in all of our cooking tests, and its button controls make programming it a snap.$59.49 FROM KOHL'SOriginally $139.99 | Save 58%$115.49 FROM AMAZON54% off the Instant Pot Duo Plus Pressure CookerAmazonInstant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$59.99 FROM TARGETOriginally $129.99 | Save 54%40% off the Echo (4th gen)Lisa Eadicicco/InsiderAmazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%33% off the Roomba i3+AmazoniRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Up to 40% off Away luggageAwayAway The Everywhere Bag (Leather)This weekend bag is the leather version of The Everywhere Bag in nylon, but it's just as durable. Great for a quick getaway for work or play, there's room for clothes, a laptop, and travel essentials. It's also great as an everyday bag when you need the extra space for workout gear.$147.00 FROM AWAYOriginally $245.00 | Save 40%45% off the Cuisinart Chef's Classic Cookware SetKohl'sCuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%97% off a 3-Month Membership for Xbox Game Pass for PCMicrosoftXbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%50% off a pair of Beats Solo3BeatsBeats Solo3The Solo3 headphones are perfect for commuting, studying, the gym, or zoning out during family road trips. They deliver clear audio, up to 40 hours of battery life, and five minutes of charging equals three hours of playback.$99.99 FROM TARGETOriginally $199.95 | Save 50%$99.99 FROM AMAZONOriginally $199.95 | Save 50%23% off a Smart Roku TVTCLTCL 40" Class 3-Series Full HD Smart Roku TV – 40S325TK$229.99 FROM TARGETOriginally $299.99 | Save 23%36% off a pair of AirPods ProAmazonApple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $159.00 FROM WALMARTOriginally $249.99 | Save 36%$159.00 FROM AMAZONOriginally $249.99 | Save 36%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$209.00 FROM B&HOriginally $249.00 | Save 16%Up to 47% off the tech for your home at Kohl'sAmazonAmazon Echo Show 5 (2nd Gen)The Echo Show 5 has a compact 5-inch screen, making it perfect for use as a smart alarm clock on your bedside table or handy companion in your kitchen$44.99 FROM KOHL'SOriginally $84.99 | Save 47%$44.99 FROM AMAZONOriginally $84.99 | Save 47%Google Nest Learning Thermostat 3rd GenerationThe ever-popular Nest thermostat can help you lower your energy bills. It's compatible with a wide range of heating and cooling systems, though you'll definitely want to make sure it works with your setup before you buy. $179.00 FROM KOHL'SOriginally $249.99 | Save 28%$179.00 FROM AMAZONOriginally $249.99 | Save 28%$179.99 FROM WALMARTOriginally $249.00 | Save 28%$249.99 FROM BEST BUY$179.00 FROM TARGETOriginally $249.00 | Save 28%$199.00 FROM ADORAMAOriginally $249.99 | Save 20%Bissell CrossWave All-in-One Multi-Surface Wet Dry VacThis floor cleaner can vacuum and mop all in one go.$227.49 FROM KOHL'SOriginally $319.99 | Save 29%50% off a Fleece JacketKohl'sColumbia Women's Benton Springs Full Zip Fleece JacketWomen's Benton Springs Full Zip Fleece Jacket$29.99 FROM KOHL'SOriginally $60.00 | Save 50%$28.99 FROM AMAZONOriginally $47.89 | Save 39%What is Black Friday?Black Friday is a yearly sales event that occurs at the end of November, right before the traditional holiday shopping season. When is Black Friday 2021?Black Friday always happens on the Friday after Thanksgiving. This year, Black Friday falls on November 26, 2021 at 12 a.m. local time. How long do Black Friday sales last?While Black Friday is technically one day long, the sales often being for days and even weeks around the actual shopping day, sometimes for a week after Cyber Monday. Due to shipping delays this year, some sales began even earlier.What deals can you expect to find on Black Friday?Because it happens a few weeks before December, Black Friday is a great time to buy and save on all your holiday gifts.You can expect to find a lot of "doorbusters," sales that drop prices to all-time lows across categories like tech, home and kitchen, and fashion.While you can expect a wide range of sales, we recommend you go in knowing what you're looking for so you don't spend money on a flashy discount. Some historically great Black Friday deals have included big-ticket electronics ( like large TVs), Amazon Echo products, Xbox and Playstation games, Instant Pot, KitchenAid appliances, and various home products like toilet paper.Additionally, the following product categories can especially offer great discounts: TVsSmart home devicesGaming consoles and video gamesKitchen appliancesIs Black Friday or Cyber Monday better for sales?Cyber Monday occurs three days after Black Friday (it falls on Monday, November 29 this year). However, we've seen Black Friday and Cyber Monday deals blend together into a week- or even month-long affair. We recommend jumping on a good deal when you see it — especially when you can cancel your order or return it. If you do find a better deal on Cyber Monday and already made a purchase, you can also ask the original storefront to match the price and some retailers automatically refund you the difference.For those shopping in person during Black Friday, we recommend doing so in these situations:For expensive productsFor major storesFor this year's productsWill there be Black Friday shipping delays?Shipping delays and major shopping holidays go hand in hand, and this year is no exception. Supply chain issues are especially cropping up this year, so it's good to keep shipping deadlines in mind. How does Insider find the best Black Friday deals?We only choose products that meet our high standard of coverage — that we've either tested ourselves or researched thoroughly.We compared the prices against other retailers and only included the deals that are the same or better (not including promotional discounts that come from using certain credit cards).All deals are at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsized value.Read more about how the Insider Reviews team vets deals here.Read the original article on Business Insider.....»»

Category: personnelSource: nytNov 26th, 2021

The 43 best Black Friday 2021 deals from Amazon, Best Buy, Walmart, Target, Kohl"s, and more

We're live-blogging the best 2021 Black Friday deals in real-time all day long from Amazon, Walmart, Target, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Kohl's; Sardel; Amazon; Apple; Nike; Alyssa Powell/InsiderFinding the best Black Friday deals isn't always as simple as it seems. With every major retailer running their own version of the massive sale, figuring out what's available and whether it's a good deal or not can turn into more of a chore than it needs to.We're here to help. Throughout the day, we'll be updating this page with the best Black Friday discounts and lightning deals so you don't have to wade through 200 pages of sales to find the true hidden gems.Keep in mind that many of the deals available throughout Black Friday only run for a few hours (or in limited quantities). Take Amazon's aptly named Lightning Deals, for instance. These are intentionally active for a short period of time with a set number of the product available for purchase — once the timer gets to zero, or the deal reaches 100% claimed, the discount ends.Our list is sorted by the newest deal first, and we'll be updating it multiple times every hour. Check back frequently for the freshest Black Friday deals across all retailers like Best Buy, Amazon, Target, Walmart, and others.The best Black Friday shopping deals right now40% off the Amazon Smart PlugAmazonAmazon Smart PlugYou can plug any device into the Amazon Smart Plug to make it smart so that you can control the device in person with your voice or remotely with the app.$14.99 FROM AMAZONOriginally $24.99 | Save 40%20% off Coop Home Goods Premium Adjustable Loft PillowAmazonCoop Home Goods Premium Adjustable PillowThe Coop Home Goods Premium Adjustable Pillow lets you determine the level of loft and firmness for your best night of sleep ever.$51.19 FROM AMAZON$80.00 FROM COOP HOME GOODS42% off the Roku Streaming Stick 4KRokuRoku Streaming Stick 4K (2021)Compared 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.$29.00 FROM AMAZONOriginally $49.99 | Save 42%$29.99 FROM ROKUOriginally $49.99 | Save 40%$29.99 FROM BEST BUYOriginally $49.99 | Save 40%$29.00 FROM WALMARTOriginally $49.99 | Save 42%40% off the Oral-B Pro 1000 CrossAction Electric ToothbrushAmazonOral-B Pro 1000 CrossAction Electric ToothbrushWe love this electric toothbrush as a budget-friendly option that doesn't compromise on performance. It's also the path of least resistance to helping your teen build their own healthy habits.$29.94 FROM AMAZONOriginally $49.94 | Save 40%60% off an Ancestry DNA + Traits KitAmazonAncestryDNA DNA + TraitsThe AncestryDNA + Traits kit gives you all of the same information as you get from the above kit plus over 25 of your most interesting traits as determined by your genetics so you can learn about where your characteristics came from.$48.00 FROM AMAZONOriginally $119.00 | Save 60%Up to 50% off the FitbitsLisa Eadicicco/InsiderFitbit Charge 4The Charge 4 hits a budget-friendly price point while offering stellar activity tracking in a smaller footprint than a smartwatch.$69.00 FROM WALMARTOriginally $149.94 | Save 54%$129.94 FROM BEST BUYFitbit SenseThe 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. $199.95 FROM AMAZONOriginally $299.95 | Save 33%$199.95 FROM BEST BUYOriginally $299.95 | Save 33%$199.95 FROM FITBITOriginally $299.95 | Save 33%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Up to 50% off Casper mattresses and beddingJames Brains/InsiderSave up to 50% off at CasperCasper Nova Hybrid Mattress (Queen)Casper's Nova Hybrid Mattress is a great option for people looking for a soft and plush yet supportive mattress. $1466.50 FROM CASPEROriginally $2095.00 | Save 30%Casper Original Mattress (Queen)The Casper mattress has a firm feel that provides excellent support right to the edge, and it will keep your body cool through the night. $876.00 FROM CASPEROriginally $1095.00 | Save 20%$876.00 FROM AMAZONOriginally $1095.00 | Save 20%$875.99 FROM MACY'SOriginally $1095.00 | Save 20%Casper Hyperlite Sheet Set (Queen)Over the years, we've tested several Casper sheet sets and loved them all. Our current favorite is the Casper Hyperlite Sheet Set, which we recommend in our guide to the best sheets.$129.00 FROM CASPEROriginally $258.00 | Save 50%$30 off select products at Chewy when you spend $100Chewy is hiring across multiple teams in 14 states.ChewyChewy Pet ProductsThis Black Friday, Chewy is offering $30 off purchases of $100 or more. This is only for select products, including food, treats, beds, and more.$70.00 FROM CHEWYOriginally $100.00 | Save 30%38% off the Bissell SpinWave Robot VacuumJames Brains/InsiderBissell SpinWave Robot VacuumThe 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. $243.99 FROM AMAZONOriginally $399.99 | Save 39%$249.00 FROM WALMARTOriginally $399.99 | Save 38%25% off sitewide at Wild OneShoshi Parks/InsiderSave 25% off sitewide at Wild OneWild One LeashWild One’s waterproof leash comes in a variety of fun and bright colors to choose from. Right now, you can save 20% sitewide at Wild One and get this adjustable leash for $58 with the Insider-exclusive promo code. $43.50 FROM WILD ONEOriginally $58.00 | Save 25%Wild One Travel CarrierThe uniquely designed Wild One Travel Carrier offers comfort and convenience in the air and at your destination. To save $20 on each carrier you purchase, enter code INSIDERTC20 at checkout. $93.75 FROM WILD ONEOriginally $125.00 | Save 25%Wild One Harness Walk & Play KitSome of Wild One’s most coveted items are included in their walk and play kit. Choose from four different colors for your harness, leash and poop bag carrier. They’ll complete the package with three matching natural rubber toys, including the treat-dispensing twist toss and a triangle tug.$117.25 FROM WILD ONEOriginally $157.00 | Save 25%37% off Ecovacs Deebot T8 AIVI Robot VacuumJames Brains/InsiderEcovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$469.99 FROM AMAZONOriginally $749.99 | Save 37%$799.99 FROM BEST BUY35% off the DeWalt Atomic Max Cordless Drill KitAmazonDewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 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. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Up to 43% off Eufy robot vacuumsAmazonEufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$169.99 FROM EUFYOriginally $249.99 | Save 32%Eufy RoboVac G30 EdgeThe G30 Edge is a high-end model from a budget manufacturer. It comes with plenty of useful features. The Edge struggles with carpeting and in corners, but it performs well on hard floors.$199.99 FROM AMAZONOriginally $349.00 | Save 43%25% off the Aarke Carbonator III Soda MakerAmazonAarke Carbonator IIIThe Aarke Carbonator III uses a simple pull-down handle to create intense levels of fizz, and its beautiful design will fit right in among your countertop appliances.$164.25 FROM AMAZONOriginally $219.00 | Save 25%$164.25 FROM NORDSTROMOriginally $219.00 | Save 25%Buy one MasterClass membership get one freeMasterClassMasterClass 2-for-1 membershipGet two MasterClass subscriptions for the price of one! Each subscription gets you access to all of MasterClass, so you can watch or sample unlimited celebrity and expert-led classes across a wide range of topics.$180.00 FROM MASTERCLASSOriginally $360.00 | Save 50%Free 3 months of Amazon Music UnlimitedAlyssa Powell/InsiderAmazon Music Unlimited New subscribers can get 3 months of access to Amazon's Music Unlimited streaming service for free for a limited time.FREE FROM AMAZONOriginally $9.99 | Save 100%20% off sitewide at BrooklinenBrooklinenSave 20% off sitewide at BrooklinenBrooklinen Weighted Comforter (15 lb)Brooklinen's Weighted Comforter has a premium plush design that blends seamlessly with the rest of your bedding.$199.20 FROM BROOKLINENOriginally $249.00 | Save 20%Brooklinen Down PillowThe mid-plush Brooklinen Down Pillow conforms well to different sleeping positions, making it the ideal pillow for people who shift throughout the night. It feels as good as pillows double its price.$55.20 FROM BROOKLINENOriginally $69.00 | Save 20%Brooklinen Luxe Core Sheet Set (Queen)If you take your sleep comfort seriously, the pampering touch and good looks of Brooklinen's Luxe Sheets will have you sleeping like a baby.$140.00 FROM BROOKLINENOriginally $175.00 | Save 20%$140.00 FROM AMAZONOriginally $175.00 | Save 20%Brooklinen Heathered Cashmere Duvet Cover (Queen)The Brooklinen Heathered Cashmere Duvet Cover is brushed for extra softness and coziness. Not only is it comfortable, but it's also designed with extra long corner ties and larger-than-average buttons to make changing your duvet cover easy. $223.20 FROM BROOKLINENOriginally $279.00 | Save 20%Brooklinen All-Season Down Comforter (Queen)The Brooklinen All-Season Down Comforter is a soft, light, and comfortable choice that's airy and warm but remains breathable so you can use it any time of the year.$287.20 FROM BROOKLINENOriginally $359.00 | Save 20%$287.20 FROM AMAZONOriginally $359.00 | Save 20%22% off the NordicTrack Commercial 2950 TreadmillAmazonNordicTrack Commercial 2950 TreadmillNordicTrack's Commercial 2950 treadmill utilizes iFit's library of more than 1,500 interactive workouts, folds easily to free up space, and has excellent speakers.$2499.00 FROM AMAZONOriginally $3199.00 | Save 22%$2399.98 FROM BEST BUYOriginally $3199.00 | Save 25%58% off the Crock-Pot Express Crock XL MulticookerJames Brains/InsiderCrock-Pot Express Crock XL Multicooker (8-quart)The Crock-Pot Express Crock XL Multicooker performed well in all of our cooking tests, and its button controls make programming it a snap.$59.49 FROM KOHL'SOriginally $139.99 | Save 58%$115.49 FROM AMAZON54% off the Instant Pot Duo Plus Pressure CookerAmazonInstant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$59.99 FROM TARGETOriginally $129.99 | Save 54%40% off the Echo (4th gen)Lisa Eadicicco/InsiderAmazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%33% off the Roomba i3+AmazoniRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Up to 40% off Away luggageAwayAway The Everywhere Bag (Leather)This weekend bag is the leather version of The Everywhere Bag in nylon, but it's just as durable. Great for a quick getaway for work or play, there's room for clothes, a laptop, and travel essentials. It's also great as an everyday bag when you need the extra space for workout gear.$147.00 FROM AWAYOriginally $245.00 | Save 40%45% off the Cuisinart Chef's Classic Cookware SetKohl'sCuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%97% off a 3-Month Membership for Xbox Game Pass for PCMicrosoftXbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%50% off a pair of Beats Solo3BeatsBeats Solo3The Solo3 headphones are perfect for commuting, studying, the gym, or zoning out during family road trips. They deliver clear audio, up to 40 hours of battery life, and five minutes of charging equals three hours of playback.$99.99 FROM TARGETOriginally $199.95 | Save 50%$99.99 FROM AMAZONOriginally $199.95 | Save 50%23% off a Smart Roku TVTCLTCL 40" Class 3-Series Full HD Smart Roku TV – 40S325TK$229.99 FROM TARGETOriginally $299.99 | Save 23%36% off a pair of AirPods ProAmazonApple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $159.00 FROM WALMARTOriginally $249.99 | Save 36%$159.00 FROM AMAZONOriginally $249.99 | Save 36%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$209.00 FROM B&HOriginally $249.00 | Save 16%Up to 47% off the tech for your home at Kohl'sAmazonAmazon Echo Show 5 (2nd Gen)The Echo Show 5 has a compact 5-inch screen, making it perfect for use as a smart alarm clock on your bedside table or handy companion in your kitchen$44.99 FROM KOHL'SOriginally $84.99 | Save 47%$44.99 FROM AMAZONOriginally $84.99 | Save 47%Google Nest Learning Thermostat 3rd GenerationThe ever-popular Nest thermostat can help you lower your energy bills. It's compatible with a wide range of heating and cooling systems, though you'll definitely want to make sure it works with your setup before you buy. $179.00 FROM KOHL'SOriginally $249.99 | Save 28%$179.00 FROM AMAZONOriginally $249.99 | Save 28%$179.99 FROM WALMARTOriginally $249.00 | Save 28%$249.99 FROM BEST BUY$249.00 FROM TARGET$199.00 FROM ADORAMAOriginally $249.99 | Save 20%Bissell CrossWave All-in-One Multi-Surface Wet Dry VacThis floor cleaner can vacuum and mop all in one go.$227.49 FROM KOHL'SOriginally $319.99 | Save 29%50% off a Fleece JacketKohl'sColumbia Women's Benton Springs Full Zip Fleece JacketWomen's Benton Springs Full Zip Fleece Jacket$29.99 FROM KOHL'SOriginally $60.00 | Save 50%$28.99 FROM AMAZONOriginally $47.89 | Save 39%What is Black Friday?Black Friday is a yearly sales event that occurs at the end of November, right before the traditional holiday shopping season. When is Black Friday 2021?Black Friday always happens on the Friday after Thanksgiving. This year, Black Friday falls on November 26, 2021 at 12 a.m. local time. How long do Black Friday sales last?While Black Friday is technically one day long, the sales often being for days and even weeks around the actual shopping day, sometimes for a week after Cyber Monday. Due to shipping delays this year, some sales began even earlier.What deals can you expect to find on Black Friday?Because it happens a few weeks before December, Black Friday is a great time to buy and save on all your holiday gifts.You can expect to find a lot of "doorbusters," sales that drop prices to all-time lows across categories like tech, home and kitchen, and fashion.While you can expect a wide range of sales, we recommend you go in knowing what you're looking for so you don't spend money on a flashy discount. Some historically great Black Friday deals have included big-ticket electronics ( like large TVs), Amazon Echo products, Xbox and Playstation games, Instant Pot, KitchenAid appliances, and various home products like toilet paper.Additionally, the following product categories can especially offer great discounts: TVsSmart home devicesGaming consoles and video gamesKitchen appliancesIs Black Friday or Cyber Monday better for sales?Cyber Monday occurs three days after Black Friday (it falls on Monday, November 29 this year). However, we've seen Black Friday and Cyber Monday deals blend together into a week- or even month-long affair. We recommend jumping on a good deal when you see it — especially when you can cancel your order or return it. If you do find a better deal on Cyber Monday and already made a purchase, you can also ask the original storefront to match the price and some retailers automatically refund you the difference.For those shopping in person during Black Friday, we recommend doing so in these situations:For expensive productsFor major storesFor this year's productsWill there be Black Friday shipping delays?Shipping delays and major shopping holidays go hand in hand, and this year is no exception. Supply chain issues are especially cropping up this year, so it's good to keep shipping deadlines in mind. How does Insider find the best Black Friday deals?We only choose products that meet our high standard of coverage — that we've either tested ourselves or researched thoroughly.We compared the prices against other retailers and only included the deals that are the same or better (not including promotional discounts that come from using certain credit cards).All deals are at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsized value.Read more about how the Insider Reviews team vets deals here.Read the original article on Business Insider.....»»

Category: smallbizSource: nytNov 26th, 2021

Post Holdings Reports Results for the Fourth Quarter and Fiscal Year 2021

ST. LOUIS, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the fourth fiscal quarter and fiscal year ended September 30, 2021. Highlights: Fourth quarter net sales of $1.7 billion; operating profit of $137.8 million; net earnings of $29.9 million and Adjusted EBITDA of $272.5 million Fiscal year net sales of $6.2 billion; operating profit of $655.7 million; net earnings of $166.7 million and Adjusted EBITDA of $1,123.3 million Generated $588.3 million in cash from operations in fiscal year 2021 Fiscal year 2022 Adjusted EBITDA (non-GAAP) expected to range between $1.16-$1.20 billion including the full year results of BellRing Brands Fourth Quarter Consolidated Operating Results Net sales were $1,695.6 million, an increase of 20.1%, or $284.3 million, compared to $1,411.3 million in the prior year period, and included $99.8 million in net sales from acquisitions made in fiscal year 2021. More information on these acquisitions is discussed later in this release. Gross profit was $428.5 million, or 25.3% of net sales, a decrease of 2.7%, or $11.8 million, compared to $440.3 million, or 31.2% of net sales, in the prior year period. Results for the fourth quarter of 2021 reflect the ongoing volume demand recovery of the Foodservice segment, strong growth at BellRing Brands and pricing actions, which were more than offset by input and freight inflation and higher manufacturing costs. Labor shortages and supply chain disruptions drove manufacturing inefficiencies during the fourth quarter of 2021, resulting in missed sales, declines in throughput and higher per unit product costs. Selling, general and administrative ("SG&A") expenses were $241.7 million, or 14.3% of net sales, an increase of 5.2%, or $11.9 million, compared to $229.8 million, or 16.3% of net sales, in the prior year period. Operating profit was $137.8 million, a decrease of 23.0%, or $41.1 million, compared to $178.9 million in the prior year period. Net earnings were $29.9 million, a decrease of 47.5%, or $27.1 million, compared to net earnings of $57.0 million in the prior year period. Net earnings included the following:   Three Months Ended September 30, (in millions) 2021   2020 Income on swaps, net (1) $ (17.2 )     $ (5.3 )   United Kingdom ("U.K.") tax reform expense (1) 0.7       13.0     Equity method losses, net of tax 17.4       8.3     Net earnings attributable to noncontrolling interest (2) 19.3       10.3             (1) Discussed later in this release and was treated as an adjustment for non-GAAP measures. (2) Primarily reflected the allocation of 28.8% and 69.0% of BellRing Brands, Inc.'s ("BellRing") and Post Holdings Partnering Corporation's ("PHPC"), respectively, consolidated net earnings to noncontrolling interest.   Diluted earnings per common share were $0.39, compared to diluted earnings per common share of $0.83 in the prior year period. Adjusted net earnings were $28.4 million, or $0.44 per diluted common share, compared to $52.5 million, or $0.77 per diluted common share, in the prior year period. Adjusted EBITDA was $272.5 million, a decrease of 0.8%, or $2.3 million, compared to $274.8 million in the prior year period. Adjusted EBITDA in the fourth quarter of 2021 and 2020 included an adjustment of $18.8 million and $9.8 million, respectively, primarily for the portion of BellRing's and PHPC's consolidated net earnings which was allocated to noncontrolling interest, resulting in Adjusted EBITDA including 100% of the consolidated Adjusted EBITDA of BellRing and PHPC. Fiscal Year 2021 Consolidated Operating Results Net sales were $6,226.7 million, an increase of 9.3%, or $528.0 million, compared to $5,698.7 million in the prior year. Gross profit was $1,814.3 million, or 29.1% of net sales, an increase of 1.5%, or $26.9 million, compared to $1,787.4 million, or 31.4% of net sales, in the prior year. SG&A expenses were $974.1 million, or 15.6% of net sales, an increase of 4.3%, or $39.8 million, compared to $934.3 million, or 16.4% of net sales, in the prior year. Operating profit was $655.7 million, a decrease of 6.4%, or $44.8 million, compared to $700.5 million in the prior year, and included $29.9 million of accelerated amortization which was treated as an adjustment for non-GAAP measures. Net earnings were $166.7 million, an increase of $165.9 million, compared to $0.8 million in the prior year. Net earnings included the following:   Year Ended September 30, (in millions) 2021   2020 Loss on extinguishment and refinancing of debt, net (1) $ 94.8       $ 72.9   (Income) expense on swaps, net (1) (122.8 )     187.1   U.K. tax reform expense (1) 40.0       13.0   Equity method losses, net of tax 43.9       30.9   Net earnings attributable to noncontrolling interest (2) 40.0       28.2           (1) Discussed later in this release and were treated as adjustments for non-GAAP measures. (2) Primarily reflected the allocation of 28.8% and 69.0% of BellRing's and PHPC's, respectively, consolidated net earnings to noncontrolling interest.   Diluted earnings per common share were $2.38, compared to $0.01 in the prior year. Adjusted net earnings were $156.0 million, or $2.39 per diluted common share, compared to $202.8 million, or $2.89 per diluted common share in the prior year. Adjusted EBITDA was $1,123.3 million, a decrease of $17.2 million, compared to $1,140.5 million in the prior year. Adjusted EBITDA for fiscal years 2021 and 2020 included an adjustment of $38.2 million and $26.4 million, respectively, primarily for the portion of BellRing's and PHPC's consolidated net earnings which was allocated to noncontrolling interest, resulting in Adjusted EBITDA including 100% of the consolidated Adjusted EBITDA of BellRing and PHPC. Recent Acquisitions The table below lists Post's recent acquisitions, including the acquisition date, the fiscal year in which the acquisition was completed and the segment in which the results of the acquisition are reported. Acquisition Acquisition Date Fiscal Year Segment Private label ready-to-eat cereal business of TreeHouse Foods, Inc. (the "PL RTE Cereal Business") June 1, 2021 2021 Post Consumer Brands Egg Beaters liquid egg brand ("Egg Beaters") May 27, 2021 2021 Refrigerated Retail Almark Foods business and related assets ("Almark") February 1, 2021 2021 Foodservice and Refrigerated Retail Peter Pan nut butter brand ("Peter Pan") January 25, 2021 2021 Post Consumer Brands Henningsen Foods, Inc. ("Henningsen") July 1, 2020 2020 Foodservice         Post Consumer Brands North American ready-to-eat ("RTE") cereal and Peter Pan nut butters. For the fourth quarter, net sales were $521.7 million, an increase of 10.6%, or $49.8 million, compared to the prior year period, and included $66.0 million in combined net sales from the PL RTE Cereal Business and Peter Pan. Volumes increased 7.4% (including a 1,270 basis point benefit from the PL RTE Cereal Business and Peter Pan). Excluding the benefit from acquisitions, volumes declined driven by (i) continuing broader softness across value and private label cereal products, (ii) losses resulting from the decision to exit certain low-margin private label business and (iii) licensed brands. Segment profit was $66.5 million, a decrease of 28.4%, or $26.4 million, compared to the prior year period. Segment Adjusted EBITDA was $105.2 million, a decrease of 13.3%, or $16.1 million, compared to the prior year period. For fiscal year 2021, net sales were $1,915.3 million, a decrease of 1.7%, or $33.8 million, compared to the prior year. Segment profit was $316.6 million, a decrease of 19.5%, or $76.9 million, compared to the prior year. Segment profit for fiscal year 2021 was negatively impacted by a provision of $15.0 million for a legal settlement, which was treated as an adjustment for non-GAAP measures. Segment Adjusted EBITDA was $460.5 million, a decrease of 9.3%, or $47.4 million, compared to the prior year. Weetabix Primarily U.K. RTE cereal and muesli. For the fourth quarter, net sales were $127.2 million, an increase of 11.9%, or $13.5 million, compared to the prior year period, and reflected a favorable foreign currency exchange rate tailwind of approximately 710 basis points. Volumes were flat as growth in new product introductions, private label and drink products was offset by declines in all other products. These declines were driven by lapping increased purchases in the prior year period resulting from increased at-home consumption in reaction to the COVID-19 pandemic. Segment profit was $32.8 million, an increase of 17.1%, or $4.8 million, compared to the prior year period. Segment Adjusted EBITDA was $42.7 million, an increase of 12.7%, or $4.8 million, compared to the prior year period. For fiscal year 2021, net sales were $477.5 million, an increase of 8.4%, or $37.1 million, compared to the prior year. Segment profit was $115.4 million, an increase of 2.8%, or $3.1 million, compared to the prior year. Segment Adjusted EBITDA was $152.8 million, an increase of 4.2%, or $6.2 million, compared to the prior year. Foodservice Primarily egg and potato products. For the fourth quarter, net sales were $456.8 million, an increase of 42.5%, or $136.3 million, compared to the prior year period, and included $13.1 million in net sales from Almark. Volumes increased 23.1% (including a 180 basis point benefit from Almark), driven by significantly higher away-from-home demand in the current year period. Egg volumes increased 21.1% (including a 230 basis point benefit from Almark) and potato volumes increased 34.3%. Segment profit was $14.2 million, an increase of 389.8%, or $19.1 million, compared to the prior year period. Segment Adjusted EBITDA was $55.6 million, an increase of 134.6%, or $31.9 million, compared to the prior year period. When compared to the prior year period, fourth quarter 2021 segment profit and segment Adjusted EBITDA benefited from volume recovery and improvements in average net pricing and fixed cost absorption. For fiscal year 2021, net sales were $1,615.6 million, an increase of 18.6%, or $253.8 million, compared to the prior year. Segment profit was $61.7 million, an increase of 141.0%, or $36.1 million, compared to the prior year. Segment Adjusted EBITDA was $197.0 million, an increase of 36.8%, or $53.0 million, compared to the prior year. Refrigerated Retail Primarily side dish, egg, cheese and sausage products. For the fourth quarter, net sales were $251.1 million, an increase of 12.4%, or $27.7 million, compared to the prior year period, and included $20.6 million in combined net sales from Egg Beaters and Almark. Volumes increased 9.7% (including an 810 basis point benefit from Egg Beaters and Almark), with growth in side dish and egg products partially offset by declines in sausage and cheese products. Volume information by product is disclosed in a table presented later in this release. Segment profit was $3.7 million, a decrease of 86.3%, or $23.4 million, compared to the prior year period. Segment Adjusted EBITDA was $24.0 million, a decrease of 48.1%, or $22.2 million, compared to the prior year period. For fiscal year 2021, net sales were $974.5 million, an increase of 1.4%, or $13.3 million, compared to the prior year. Segment profit was $75.9 million, a decrease of 39.6%, or $49.7 million, compared to the prior year. Segment Adjusted EBITDA was $151.7 million, a decrease of 24.3%, or $48.8 million, compared to the prior year. BellRing Brands Ready-to-drink ("RTD") protein shakes, other RTD beverages, powders and nutrition bars. For the fourth quarter, net sales were $340.0 million, an increase of 20.3%, or $57.4 million, compared to the prior year period. Premier Protein net sales increased 18.2% and benefited from (i) RTD shake distribution gains for both existing and new products, (ii) strong velocities driven in part by promotional activity and continued category momentum and (iii) higher average net selling prices driven by price increases to offset cost inflation. Net sales for Dymatize increased 41.3% and for all other products increased 7.6%. Segment profit was $53.1 million, an increase of 8.4%, or $4.1 million, compared to the prior year period. Segment Adjusted EBITDA was $60.5 million, an increase of 6.7%, or $3.8 million, compared to the prior year period. Fourth quarter 2021 segment profit and segment Adjusted EBITDA margins were negatively impacted by a decline in gross profit margin driven by higher input costs (predominantly freight and whey-based and milk-based proteins) and planned promotional activity. For fiscal year 2021, net sales were $1,247.1 million, an increase of 26.2%, or $258.8 million, compared to the prior year. Segment profit was $168.0 million, an increase of 2.4%, or $4.0 million. Fiscal year 2021 segment profit reflects $29.9 million of accelerated amortization (incurred in connection with the discontinuance of the Supreme Protein brand), $5.2 million of restructuring and facility closure costs and $1.7 million of lower transaction costs related to BellRing's separation from Post, each of which were treated as adjustments for non-GAAP measures. Segment Adjusted EBITDA was $233.9 million, an increase of 18.6%, or $36.7 million, compared to the prior year. As of September 30, 2021, BellRing had $609.9 million in total principal value of debt and $152.6 million in cash and cash equivalents. For further information, please refer to the BellRing fourth quarter and fiscal year 2021 earnings release and conference call (the details of which are included later in this release). Interest, Loss on Extinguishment and Refinancing of Debt, (Income) Expense on Swaps and Income Tax Interest expense, net was $92.5 million in the fourth quarter of 2021, compared to $95.3 million in the fourth quarter of 2020. Interest expense, net included $9.6 million and $13.5 million attributable to BellRing in the fourth quarter of 2021 and 2020, respectively. In fiscal year 2021, interest expense, net was $375.8 million, compared to $388.6 million in fiscal year 2020. Interest expense, net in fiscal year 2021 included $43.2 million attributable to BellRing. Interest expense, net in fiscal year 2020 included (i) $54.7 million attributable to BellRing and (ii) a loss of $7.2 million resulting from the reclassification of losses previously recorded in accumulated other comprehensive loss to interest expense. Loss on extinguishment and refinancing of debt, net of $94.8 million was recorded in fiscal year 2021 in connection with (i) Post's repayment of its 5.00% senior notes due in August 2026 and (ii) an opportunistic repricing of BellRing Brands, LLC's ("BellRing LLC") term loan in February 2021. Loss on extinguishment of debt, net of $72.9 million was recorded in fiscal year 2020 in connection with (i) Post's repayment of its 5.50% senior notes due in March 2025 and 8.00% senior notes due in July 2025, (ii) Post's repayment of the entire principal balance of its term loan in the first quarter of 2020, (iii) the assignment of debt to BellRing LLC related to the creation of BellRing's capital structure in the first quarter of 2020 and (iv) the amendment and restatement of Post's credit agreement in March 2020. (Income) expense on swaps, net relates to mark-to-market adjustments on interest rate swaps. Income on swaps, net was $17.2 million in the fourth quarter of 2021, compared to $5.3 million in the fourth quarter of 2020. For fiscal year 2021, income on swaps, net was $122.8 million, compared to an expense of $187.1 million in fiscal year 2020. Income tax expense was $5.4 million in the fourth quarter of 2021, an effective income tax rate of 7.5%, compared to $15.2 million in the fourth quarter of 2020, an effective income tax rate of 16.7%. For fiscal year 2021, income tax expense was $86.6 million, an effective income tax rate of 25.7%, compared to $3.5 million in fiscal year 2020, an effective income tax rate of 5.5%. In fiscal year 2021, as a result of enacted tax law changes in the U.K., which included a provision to increase the U.K.'s corporate income tax rate from 19% to 25% effective April 1, 2023, Post recorded a $40.0 million income tax expense related to the remeasurement of Post's U.K. deferred tax assets and liabilities considering the 25% U.K. corporate income tax rate for future periods. In fiscal year 2020, the effective income tax rate differed significantly from the statutory tax rate primarily as a result of a rate differential on foreign income and discrete tax benefits, which largely related to Post's equity method investment in 8th Avenue Food & Provisions, Inc. ("8th Avenue"). Additionally, in fiscal year 2020, as a result of enacted tax law changes in the U.K., which included a provision to increase the U.K.'s corporate income tax rate from 17% to 19%, Post recorded a $13.0 million income tax expense related to the remeasurement of Post's U.K. deferred tax assets and liabilities considering the 19% U.K. corporate income tax rate for future periods. Share Repurchases and New Share Repurchase Authorization During the fourth quarter of 2021, Post repurchased 0.7 million shares of its common stock for $78.3 million at an average price of $110.50 per share. During fiscal year 2021, Post repurchased 4.0 million shares of its common stock for $393.6 million at an average price of $98.37 per share. Subsequent to the end of the fourth quarter of 2021 and as of November 17, 2021, Post repurchased 0.7 million shares of its common stock for $78.7 million at an average price of $105.66 per share. On November 17, 2021, Post's Board of Directors approved a new $400 million share repurchase authorization. Share repurchases under the new authorization may begin on November 20, 2021. As of November 17, 2021, Post had purchased $223.4 million under its previous $400 million share repurchase authorization, which became effective on February 6, 2021, and will be cancelled effective November 19, 2021. Repurchases may be made from time to time in the open market, in private purchases, through forward, derivative, accelerated repurchase or automatic purchase transactions, or otherwise. The shares would be repurchased with cash on hand and cash from operations. Any shares repurchased would be held as treasury stock. The authorization does not, however, obligate Post to acquire any particular amount of shares, and repurchases may be suspended or terminated at any time at Post's discretion. BellRing Enters into Agreement with Post to Increase RTD Shake Capacity BellRing and Post have entered into an agreement in which Post will purchase and develop land with the intent to build an aseptic processing facility to produce RTD shakes for BellRing. BellRing and Post expect to enter into a contract manufacturing agreement. BellRing and Post expect to provide further details as progress is made. Post's Plan to Distribute Its Interest in BellRing to Post Shareholders On October 27, 2021, Post and BellRing announced the signing of a transaction agreement related to Post's previously announced plan to distribute a significant portion of its interest in BellRing to Post's shareholders. The parties expect the distribution to be completed in the first calendar quarter of 2022, subject to certain customary conditions, including the receipt of certain tax opinions and the approval of BellRing's stockholders (including the approval of BellRing's stockholders other than Post). There can be no assurance that the proposed transaction will be completed as anticipated or at all. Please refer to the press release dated October 27, 2021 for further information. COVID-19 Commentary Post continues to closely monitor the impact of the COVID-19 pandemic on its business and remains focused on ensuring the health and safety of its employees and serving customers and consumers. Post products sold through retail channels generally experienced an uplift in sales starting in March 2020 and continuing through the first half of fiscal year 2021 driven by increased at-home consumption in reaction to the COVID-19 pandemic. In addition, most of Post's retail categories exhibited a mix shift to premium products. In the second half of fiscal year 2021, most of Post's retail channel product categories trended toward growth rates in line with their pre-pandemic levels. At the onset of the COVID-19 pandemic, Post's foodservice business was significantly impacted by lower away-from-home demand resulting from the impact of the COVID-19 pandemic on various channels, including full service restaurants, quick service restaurants, education and travel and lodging. Since then, the recovery of Post's foodservice volumes has been closely tracking with changes in the degree of restrictions on mobility and gathering. Volumes in certain channels and product categories have nearly fully recovered to pre-pandemic levels. Volumes in other channels impacted by the COVID-19 pandemic have recovered from low levels experienced at the height of the pandemic, but have recently plateaued at levels below pre-pandemic volumes. In the aggregate, overall foodservice volumes remain below pre-pandemic levels. As the overall economy continues to recover from the impact of the COVID-19 pandemic, labor shortages, input and freight inflation and other supply chain disruptions, including input availability, are pressuring Post's supply chains in all segments resulting in missed sales and higher manufacturing costs, most notably in foodservice and refrigerated retail. Per unit product costs escalated as throughput declined and fixed cost absorption worsened. Service levels and fill rates remain below normal levels, and inventories are low, resulting in the placement of certain products on allocation. These factors are expected to persist into fiscal year 2022 and are dependent upon Post's ability to adequately hire, train and retain manufacturing staff, maintain sufficient supplies of ingredients and packaging and rebuild inventory levels. Volume and profit recovery in Post's foodservice business is dependent on both changes in the degree of restrictions on mobility and gathering and on the ability to navigate supply chain disruptions. Post expects its foodservice business to return to pre-pandemic profitability in fiscal year 2023. Volume growth in Post's refrigerated retail business, most notably for side dish products, is expected to be constrained until supply chain performance has stabilized. BellRing COVID-19 Commentary BellRing's primary categories returned to growth rates in line with their pre-pandemic levels in the fourth quarter of fiscal year 2020 and have remained strong in subsequent periods. As the overall economy continues to recover from the impact of the COVID-19 pandemic, input and freight inflation, equipment delays and input and labor availability are pressuring BellRing's supply chain. Lower than anticipated production and delays in capacity expansion across the broader third party shake contract manufacturer have resulted in low inventories and missed sales. Service levels and fill rates remain below normal levels, and certain products have been placed on allocation. These factors are expected to improve but persist throughout fiscal year 2022 and are dependent upon BellRing's contract manufacturer partners' ability to deliver committed volumes, add capacity on expected timelines, retain manufacturing staff and rebuild inventory levels. Outlook Post management expects Adjusted EBITDA for fiscal year 2022 to be between $1.16-$1.20 billion, including BellRing for the full year. Compared to prior years, fiscal year 2022 is expected to be more weighted to the second half as Post prices incremental inflation and navigates lingering supply chain disruptions. Post management expects the first quarter to be particularly impacted and performance to sequentially improve in each quarter throughout the year. This outlook range assumes that by the end of the first half of fiscal year 2022 the rate of inflation has peaked and labor markets have normalized. Post management expects Post's fiscal year 2022 capital expenditures to range between $250-$300 million. This includes approximately $50 million for the purchase of land and construction of a new facility with the intent to manufacture RTD shakes for BellRing. Post provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for income/expense on swaps, net, gain/loss on extinguishment and refinancing of debt, net, noncontrolling interest adjustment, equity method investment adjustment, mark-to-market adjustments on commodity and foreign exchange hedges and warrant liabilities and equity securities, gain on/adjustment to bargain purchase, provision for legal settlements, transaction and integration costs and other charges reflected in Post's reconciliations of historical numbers, the amounts of which, based on historical experience, could be significant. For additional information regarding Post's non-GAAP measures, see the related explanations presented under "Post's Use of Non-GAAP Measures." BellRing Outlook For fiscal year 2022, BellRing management expects net sales and Adjusted EBITDA each to grow 9%-13% over fiscal year 2021 (resulting in a net sales range of $1.36-$1.41 billion and an Adjusted EBITDA range of $255-$265 million). BellRing management expects the following: Net sales growth to be high single digits in the first half of 2022 and mid teens in the second half of 2022, with sequential improvement in each quarter throughout the year as incremental capacity comes online. As previously discussed, the accelerated growth experienced in fiscal year 2021 exceeded BellRing's current shake manufacturing capacity. As a result, inventories are low and expected to recover throughout fiscal year 2022. Adjusted EBITDA growth is weighted toward the second half of 2022, with Adjusted EBITDA margins flat as the benefits from pricing actions and lower brand investments are offset by significant inflation. BellRing management expects fiscal year 2022 capital expenditures of approximately $4 million. BellRing provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for restructuring and facility closures costs, separation costs, net earnings attributable to redeemable noncontrolling interest and other charges reflected in BellRing's reconciliation of historical numbers, the amounts of which, based on historical experience, could be significant. For additional information regarding BellRing's non-GAAP measures, see the related explanations presented under "Use of Non-GAAP Measures" in BellRing's fourth quarter and fiscal year 2021 earnings release. BellRing, as a separate publicly-traded company, releases guidance regarding its future performance. These statements are prepared by BellRing's management, and Post does not accept any responsibility for any such statements. 8th Avenue Standalone Financial Information Post owns a 60.5% common equity interest in 8th Avenue, which is an unconsolidated affiliate that manufactures and distributes private label peanut and other nut butters, pasta, dried fruit and nut products and granola. For the fourth quarter, net sales were $236.3 million, an increase of 3.2%, or $7.3 million, compared to the prior year period. Net loss was $16.1 million, a decrease of 631.8%, or $13.9 million, compared to the prior year period. Adjusted EBITDA was $14.8 million, a decrease of 34.5%, or $7.8 million, compared to the prior year period. For fiscal year 2021, net sales were $900.8 million, a decrease of 2.5%, or $23.4 million, compared to the prior year. Net loss was $24.3 million, a decrease of 279.7%, or $17.9 million, compared to the prior year. Adjusted EBITDA was $75.2 million, a decrease of 20.2%, or $19.0 million, compared to the prior year. As of September 30, 2021, 8th Avenue was capitalized with $17.9 million of unrestricted cash and cash equivalents, $735.6 million of senior secured debt, $60.1 million related to a sale-leaseback transaction, $250.0 million in principal amount of preferred equity and $97.9 million of accumulated, but unpaid, preferred dividends. Summarized financial information for 8th Avenue is disclosed later in this release. Post's Use of Non-GAAP Measures Post uses certain non-GAAP measures in this release to supplement the financial measures prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). These non-GAAP measures include total segment profit, Adjusted net earnings, Adjusted diluted earnings per common share, Adjusted EBITDA for Post and 8th Avenue and segment Adjusted EBITDA. The reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is provided later in this release under "Explanation and Reconciliation of Non-GAAP Measures" and "Explanation and Reconciliation of 8th Avenue's Non-GAAP Measure." Management uses certain of these non-GAAP measures, including Adjusted EBITDA and segment Adjusted EBITDA, as key metrics in the evaluation of underlying company and segment performance, in making financial, operating and planning decisions and, in part, in the determination of bonuses for its executive officers and employees. Additionally, Post is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents. Management believes the use of these non-GAAP measures provides increased transparency and assists investors in understanding the underlying operating performance of Post and its segments and in the analysis of ongoing operating trends. Non-GAAP measures are not prepared in accordance with GAAP, as they exclude certain items as described later in this release. These non-GAAP measures may not be comparable to similarly titled measures of other companies. For additional information regarding Post's non-GAAP measures, see the related explanations provided under "Explanation and Reconciliation of Non-GAAP Measures" and "Explanation and Reconciliation of 8th Avenue's Non-GAAP Measure" later in this release. Post Conference Call to Discuss Earnings Results and Outlook Post will host a conference call on Friday, November 19, 2021 at 9:00 a.m. EST to discuss financial results for the fourth quarter and fiscal year 2021 and fiscal year 2022 outlook and to respond to questions. Robert V. Vitale, President and Chief Executive Officer, and Jeff A. Zadoks, Executive Vice President and Chief Financial Officer, will participate in the call. Interested parties may join the conference call by dialing (877) 876-9174 in the United States and (785) 424-1669 from outside of the United States. The conference identification number is POSTQ421. Interested parties are invited to listen to the webcast of the conference call, which can be accessed by visiting the Investor Relations section of Post's website at www.postholdings.com. A replay of the conference call will be available through Friday, November 26, 2021 by dialing (800) 938-2490 in the United States and (402) 220-9028 from outside of the United States. A webcast replay also will be available for a limited period on Post's website in the Investor Relations section. BellRing Conference Call to Discuss Earnings Results and Outlook BellRing will host a conference call on Friday, November 19, 2021 at 10:30 a.m. EST to discuss financial results for the fourth quarter and fiscal year 2021 and fiscal year 2022 outlook and to respond to questions. Darcy H. Davenport, President and Chief Executive Officer, and Paul A. Rode, Chief Financial Officer, will participate in the call. Interested parties may join the conference call by dialing (877) 876-9173 in the United States and (785) 424-1667 from outside of the United States. The conference identification number is BRBRQ421. Interested parties are invited to listen to the webcast of the conference call, which can be accessed by visiting the Investor Relations section of BellRing's website at www.bellring.com. A slide presentation containing supplemental material will also be available at the same location on BellRing's website. A replay of the conference call will be available through Friday, November 26, 2021 by dialing (800) 753-9146 in the United States and (402) 220-2705 from outside of the United States. A webcast replay also will be available for a limited period on BellRing's website in the Investor Relations section. Prospective Financial Information Prospective financial information is necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the prospective financial information described above will not materialize or will vary significantly from actual results. For further discussion of some of the factors that may cause actual results to vary materially from the information provided above, see "Forward-Looking Statements" below. Accordingly, the prospective financial information provided above is only an estimate of what Post's and BellRing's management believes is realizable as of the date of this release. It also should be recognized that the reliability of any forecasted financial data diminishes the farther in the future that the data is forecasted. In light of the foregoing, the information should be viewed in context and undue reliance should not be placed upon it. Additional Information Regarding the Proposed Distribution of Post's Interest in BellRing and Where to Find It This communication does not constitute an offer to sell, the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. In connection with the proposed transaction, BellRing Distribution, LLC ("New BellRing") and BellRing intend to file relevant materials with the Securities and Exchange Commission ("the SEC"), including a proxy statement of BellRing, a prospectus of New BellRing and any other applicable registration statement to be filed in connection with the separation. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENTS/PROSPECTUSES, PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT NEW BELLRING, BELLRING AND THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain these materials (when they are available) and other documents filed with the SEC free of charge from the SEC's website, www.sec.gov, Post's website, www.postholdings.com, or BellRing's website, www.bellring.com. The transaction and distribution of this communication may be restricted by law in certain jurisdictions and persons who come into possession of any document or other information referred to herein should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No offering of securities will be made, directly or indirectly, in or into any jurisdiction where to do so would be inconsistent with the laws of such jurisdiction. Participants in a Solicitation Post, BellRing, New BellRing and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from BellRing's stockholders with respect to the approvals required to complete the proposed transaction. More detailed information regarding the identity of these potential participants, and any direct or indirect interests they may have in the proposed transaction, by security holdings or otherwise, will be set forth in the BellRing proxy statement when filed with the SEC. Information regarding the directors and executive officers of Post is available in its definitive proxy statement, which was filed with the SEC on December 7, 2020. Information regarding the directors and executive officers of BellRing is available in its definitive proxy statement, which was filed with the SEC on January 20, 2021. Free copies of these documents may be obtained as described above. Forward-Looking Statements Certain matters discussed in this release and on Post's conference call are forward-looking statements, including Post's Adjusted EBITDA outlook for fiscal year 2022, Post's capital expenditure outlook for fiscal year 2022, including statements regarding the purchase of land and construction of a new facility to manufacture RTD shakes, statements regarding the effect of the COVID-19 pandemic on Post's business, including the effect on BellRing's business, Post's and BellRing's continuing response to the COVID-19 pandemic, the proposed transaction between Post and BellRing for the distribution of a significant portion of Post's interest in BellRing to Post's shareholders, including the amount of BellRing equity Post intends to distribute, the form of distribution and the expected timing of the completion of the proposed transaction and BellRing's net sales, Adjusted EBITDA and capital expenditures outlook for fiscal year 2022. These forward-looking statements are sometimes identified from the use of forward-looking words such as "believe," "should," "could," "potential," "continue," "expect," "project," "estimate," "predict," "anticipate," "aim," "intend," "plan," "forecast," "target," "is likely," "will," "can," "may" or "would" or the negative of these terms or similar expressions, and include all statements regarding future performance, earnings projections, events or developments. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks and uncertainties include, but are not limited to, the following: the impact of the COVID-19 pandemic, including negative impacts on Post's ability to manufacture and deliver its products, workforce availability, the health and safety of Post's employees, operating costs, demand for its foodservice and on-the-go products, the global economy and capital markets and Post's operations generally; Post's high leverage, Post's ability to obtain additional financing (including both secured and unsecured debt), Post's ability to service its outstanding debt (including covenants that restrict the operation of Post's businesses) and a downgrade or potential downgrade in Post's credit ratings; disruptions or inefficiencies in Post's supply chain, including as a result of Post's reliance on third parties for the supply of materials for and the manufacture of many of Post's products, pandemics (including the COVID-19 pandemic) and other outbreaks of contagious diseases, labor shortages, fires and evacuations related thereto, changes in weather conditions, natural disasters, climate change, agricultural diseases and pests and other events beyond Post's control; significant volatility in the cost or availability of inputs to Post's businesses (including freight, raw materials, energy and other supplies); Post's ability to hire and retain talented personnel, increases in labor-related costs, the ability of Post's employees to safely perform their jobs, including the potential for physical injuries or illness (such as COVID-19), employee absenteeism, labor strikes, work stoppages and unionization efforts; Post's ability to continue to compete in its product categories and Post's ability to retain its market position and favorable perceptions of its brands; Post's ability to anticipate and respond to changes in consumer and customer preferences and behaviors and introduce new products; changes in economic conditions, disruptions in the U.S. and global capital and credit markets, changes in interest rates, volatility in the market value of derivatives and fluctuations in foreign currency exchange rates; allegations that Post's products cause injury or illness, product recalls and withdrawals and product liability claims and other related litigation; Post's ability to identify, complete and integrate or otherwise effectively execute acquisitions or other strategic transactions and effectively manage its growth; Post's ability to successfully execute the proposed distribution of its interest in BellRing and realize the strategic and financial benefits from the proposed transactions; the possibility that PHPC, a publicly-traded special purpose acquisition company in which Post indirectly owns an interest (through PHPC Sponsor, LLC, Post's wholly-owned subsidiary), may not consummate a suitable partnering transaction within the prescribed two-year time period, that the partnering transaction may not be successful or that the activities for PHPC could be distracting to Post's management; conflicting interests or the appearance of conflicting interests resulting from several of Post's directors and officers also serving as directors or officers of one or more of Post's related companies; impairment in the carrying value of goodwill or other intangibles, or other-than-temporary impairment in the carrying value of investments in unconsolidated subsidiaries; Post's ability to successfully implement business strategies to reduce costs; legal and regulatory factors, such as compliance with existing laws and regulations, as well as new laws and regulations and changes to existing laws and regulations and interpretations thereof, affecting Post's businesses, including current and future laws and regulations regarding tax matters, food safety, advertising and labeling, animal feeding and housing operations and environmental matters; the loss of, a significant reduction of purchases by or the bankruptcy of a major customer; the failure or weakening of the RTE cereal category and consolidations in the retail and foodservice distribution channels; the ultimate impact litigation or other regulatory matters may have on Post; costs, business disruptions and reputational damage associated with information technology failures, cybersecurity incidents or information security breaches; Post's ability to successfully collaborate with third parties that have invested with Post in 8th Avenue and to effectively realize the strategic and financial benefits expected as a result of the separate capitalization of 8th Avenue; costs associated with the obligations of Bob Evans Farms, Inc. ("Bob Evans") in connection with the sale and separation of its restaurants business in April 2017, which occurred prior to Post's acquisition of Bob Evans, including certain indemnification obligations under the restaurants sale agreement and Bob Evans's payment and performance obligations as a guarantor for certain leases; Post's ability to protect its intellectual property and other assets and to continue to use third party intellectual property subject to intellectual property licenses; the ability of Post's and its customers', and 8th Avenue's and its customers', private brand products to compete with nationally branded products; risks associated with Post's international businesses; changes in estimates in critical accounting judgments; losses or increased funding and expenses related to Post's qualified pension or other postretirement plans; significant differences in Post's, 8th Avenue's and BellRing's actual operating results from any of Post's guidance regarding Post's and 8th Avenue's future performance and BellRing's guidance regarding its future performance; Post's, BellRing's and PHPC's ability to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002; and other risks and uncertainties described in Post's, BellRing's and PHPC's filings with the SEC. These forward-looking statements represent Post's judgment as of the date of this release except with respect to BellRing's guidance regarding its future performance, which represents BellRing's judgment as of the date of this release. Post disclaims, however, any intent or obligation to update these forward-looking statements. About Post Holdings, Inc. Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company operating in the center-of-the-store, refrigerated, foodservice, food ingredient and convenient nutrition food categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods, Bob Evans Farms and BellRing Brands. Post Consumer Brands is a leader in the North American ready-to-eat cereal category and also markets Peter Pan® nut butters. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix®. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. Post's publicly-traded subsidiary BellRing Brands, Inc. is a holding company operating in the global convenient nutrition category through its primary brands of Premier Protein® and Dymatize®. Post participates in the private brand food category through its investment with third parties in 8th Avenue Food & Provisions, Inc., a leading, private brand centric, consumer products holding company. For more information, visit www.postholdings.com. Contact:Investor RelationsJennifer Meyerjennifer.meyer@postholdings.com(314) 644-7665 Media RelationsLisa Hanlylisa.hanly@postholdings.com(314) 665-3180 CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)(in millions, except per share data)   Three Months EndedSeptember 30,   Year Ended September 30,   2021   2020   2021   2020 Net Sales $ 1,695.6       $ 1,411.3       $ 6,226.7       $ 5,698.7     Cost of goods sold 1,267.1       971.0       4,412.4       3,911.3     Gross Profit 428.5       440.3       1,814.3       1,787.4     Selling, general and administrative expenses 241.7       229.8       974.1       934.3     Amortization of intangible assets 41.6       40.1       194.4       160.3     Other operating expenses (income), net 7.4       (8.5 )     (9.9 )     (7.7 )   Operating Profit 137.8       178.9       655.7       700.5     Interest expense, net 92.5       95.3       375.8       388.6     Loss on extinguishment and refinancing of debt, net —       —       94.8       72.9     (Income) expense on swaps, net (17.2 )     (5.3 )     (122.8 )     187.1     Other income, net (9.5 )     (1.9 )     (29.3 )     (11.5 )   Earnings before Income Taxes and Equity Method Loss 72.0       90.8       337.2       63.4     Income tax expense 5.4       15.2       86.6       3.5     Equity method loss, net of tax 17.4       8.3       43.9       30.9     Net Earnings Including Noncontrolling Interest 49.2       67.3       206.7       29.0     Less: Net earnings attributable to noncontrolling interest 19.3       10.3       40.0       28.2     Net Earnings $ 29.9       $ 57.0       $ 166.7       $ 0.8                     Earnings per Common Share:               Basic $ 0.40       $ 0.85       $ 2.42       $ 0.01     Diluted $ 0.39       $ 0.83       $ 2.38       $ 0.01                     Weighted-Average Common Shares Outstanding:               Basic 63.5       67.3       64.2       68.9     Diluted 64.6       68.4       65.3       70.1                                     CONSOLIDATED BALANCE SHEETS (Unaudited)(in millions)     September 30, 2021   September 30, 2020         ASSETS Current Assets       Cash and cash equivalents $ 817.1       $ 1,187.9     Restricted cash 7.1       5.5     Receivables, net 553.9       441.6     Inventories 594.5       599.4     Prepaid expenses and other current assets 113.5       53.4     Total Current Assets 2,086.1       2,287.8             Property, net 1,839.4       1,779.7     Goodwill 4,567.5       4,438.6     Other intangible assets, net 3,147.5       3,197.5     Equity method investments 70.7       114.1     Investments held in trust 345.0       —     Other assets 358.5       329.0     Total Assets $ 12,414.7       $ 12,146.7                     LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities       Current portion of long-term debt $ 117.4       $ 64.9     Accounts payable 473.7       367.9     Other current liabilities 458.1       541.6     Total Current Liabilities 1,049.2       974.4             Long-term debt 6,922.8       6,959.0     Deferred income taxes 863.9       784.5     Other liabilities 519.6       599.8     Total Liabilities 9,355.5       9,317.7             Redeemable Noncontrolling Interest 305.0       —             Shareholders' Equity       Preferred stock —       —     Common stock 0.9       0.8     Additional paid-in capital 4,253.5       4,182.9     Retained earnings 347.3       208.6     Accumulated other comprehensive income (loss) 42.9       (29.3 )   Treasury stock, at cost (1,902.2 )     (1,508.5 )   Total Shareholders' Equity excluding Noncontrolling Interest 2,742.4       2,854.5     Noncontrolling interests 11.8       (25.5 )   Total Shareholders' Equity 2,754.2       2,829.0     Total Liabilities and Shareholders' Equity $ 12,414.7       $ 12,146.7                         SELECTED CONDENSED CONSOLIDATED CASH FLOWS INFORMATION (Unaudited)(in millions)   Year Ended September 30,   2021   2020 Cash provided by (used in):       Operating activities $ 588.2       $ 625.6     Investing activities, including capital expenditures of $192.5 and $234.6 (793.6 )     (218.5 )   Financing activities (167.5 )     (272.0 )   Effect of exchange rate changes on cash, cash equivalents and restricted cash 3.7       3.8     Net (decrease) increase in cash, cash equivalents and restricted cash $ (369.2 )     $ 138.9                         SEGMENT INFORMATION (Unaudited)(in millions)   Three Months EndedSeptember 30,   Year Ended September 30,   2021   2020   2021   2020 Net Sales               Post Consumer Brands $ 521.7       $ 471.9       $ 1,915.3       $ 1,949.1     Weetabix 127.2       113.7       477.5       440.4     Foodservice 456.8       320.5       1,615.6       1,361.8     Refrigerated Retail 251.1       223.4       974.5       961.2     BellRing Brands 340.0       282.6       1,247.1       988.3     Eliminations (1.2 )     (0.8 )     (3.3 )     (2.1 )   Total $ 1,695.6       $ 1,411.3       $ 6,226.7       $ 5,698.7     Segment Profit (Loss)               Post Consumer Brands $ 66.5       $ 92.9       $ 316.6       $ 393.5     Weetabix 32.8       28.0       115.4       112.3     Foodservice 14.2       (4.9 )     61.7       25.6     Refrigerated Retail 3.7       27.1       75.9       125.6     BellRing Brands 53.1       49.0       168.0       164.0     Total segment profit 170.3       192.1       737.6       821.0     General corporate expenses and other 23.0       11.3       52.6       109.0     Interest expense, net 92.5       95.3       375.8       388.6     Loss on extinguishment and refinancing of debt, net —       —       94.8       72.9     (Income) expense on swaps, net (17.2 )     (5.3 )     (122.8 )     187.1     Earnings before Income Taxes and Equity Method Loss $ 72.0       $ 90.8       $ 337.2       $ 63.4                                        .....»»

Category: earningsSource: benzingaNov 18th, 2021

Green Energy: A Bubble In Unrealistic Expectations

Green Energy: A Bubble In Unrealistic Expectations Authored by David Hay via Everegreen Gavekal blog, “You see what is happening in Europe. There is hysteria and some confusion in the markets. Why?…Some people are speculating on climate change issues, some people are underestimating some things, some are starting to cut back on investments in the extractive industries. There needs to be a smooth transition.” - Vladimir Putin (someone with whom this author rarely agrees) “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of its citizens.” – John Maynard Keynes (an interesting observation for all the modern day Keynesians to consider given their support of current inflationary US policies, including energy-related) Introduction This week’s EVA provides another sneak preview into David Hay’s book-in-process, “Bubble 3.0” discussing what he thinks is the crucial topic of “greenflation.”  This is a term he coined referring to the rising price for metals and minerals that are essential for solar and wind power, electric cars, and other renewable technologies. It also centers on the reality that as global policymakers have turned against the fossil fuel industry, energy producers are for the first time in history not responding to dramatically higher prices by increasing production.  Consequently, there is a difficult tradeoff that arises as the world pushes harder to combat climate change, driving up energy costs to painful levels, especially for lower income individuals.  What we are currently seeing in Europe is a vivid example of this dilemma.  While it may be the case that governments welcome higher oil and natural gas prices to discourage their use, energy consumers are likely to have a much different reaction. Summary BlackRock’s CEO recently admitted that, despite what many are opining, the green energy transition is nearly certain to be inflationary. Even though it’s early in the year, energy prices are already experiencing unprecedented spikes in Europe and Asia, but most Americans are unaware of the severity. To that point, many British residents being faced with the fact that they may need to ration heat and could be faced with the chilling reality that lives could be lost if this winter is as cold as forecasters are predicting. Because of the huge increase in energy prices, inflation in the eurozone recently hit a 13-year high, heavily driven by natural gas prices on the Continent that are the equivalent of $200 oil. It used to be that the cure for extreme prices was extreme prices, but these days I’m not so sure.  Oil and gas producers are very wary of making long-term investments to develop new resources given the hostility to their industry and shareholder pressure to minimize outlays. I expect global supply to peak sometime next year and a major supply deficit looks inevitable as global demand returns to normal. In Norway, almost 2/3 of all new vehicle sales are of the electric variety (EVs) – a huge increase in just over a decade. Meanwhile, in the US, it’s only about 2%. Still, given Norway’s penchant for the plug-in auto, the demand for oil has not declined. China, despite being the largest market by far for electric vehicles, is still projected to consume an enormous and rising amount of oil in the future. About 70% of China’s electricity is generated by coal, which has major environmental ramifications in regards to electric vehicles. Because of enormous energy demand in China this year, coal prices have experienced a massive boom. Its usage was up 15% in the first half of this year, and the Chinese government has instructed power providers to obtain all baseload energy sources, regardless of cost.  The massive migration to electric vehicles – and the fact that they use six times the amount of critical minerals as their gasoline-powered counterparts –means demand for these precious resources is expected to skyrocket. This extreme need for rare minerals, combined with rapid demand growth, is a recipe for a major spike in prices. Massively expanding the US electrical grid has several daunting challenges– chief among them the fact that the American public is extremely reluctant to have new transmission lines installed in their area. The state of California continues to blaze the trail for green energy in terms of both scope and speed. How the rest of the country responds to their aggressive take on renewables remains to be seen. It appears we are entering a very odd reality: governments are expending resources they do not have on weakly concentrated energy. And the result may be very detrimental for today’s modern economy. If the trend in energy continues, what looks nearly certain to be the Third Energy crisis of the last half-century may linger for years.  Green energy: A bubble in unrealistic expectations? As I have written in past EVAs, it amazes me how little of the intense inflation debate in 2021 centered on the inflationary implications of the Green Energy transition.  Perhaps it is because there is a built-in assumption that using more renewables should lower energy costs since the sun and the wind provide “free power”.  However, we will soon see that’s not the case, at least not anytime soon; in fact, it’s my contention that it will likely be the opposite for years to come and I’ve got some powerful company.  Larry Fink, CEO of BlackRock, a very pro-ESG* organization, is one of the few members of Wall Street’s elite who admitted this in the summer of 2021.  The story, however, received minimal press coverage and was quickly forgotten (though, obviously, not be me!).  This EVA will outline myriad reasons why I think Mr. Fink was telling it like it is…despite the political heat that could bring down upon him.  First, though, I will avoid any discussion of whether humanity is the leading cause of global warming.  For purposes of this analysis, let’s make the high-odds assumption that for now a high-speed green energy transition will continue to occur.  (For those who would like a well-researched and clearly articulated overview of the climate debate, I highly recommend the book “Unsettled”; it’s by a former top energy expert and scientist from the Obama administration, Dr. Steven Koonin.) The reason I italicized “for now” is that in my view it’s extremely probable that voters in many Western countries are going to become highly retaliatory toward energy policies that are already creating extreme hardship.  Even though it’s only early autumn as I write these words, energy prices are experiencing unprecedented increases in Europe.  Because it’s “over there”, most Americans are only vaguely aware of the severity of the situation.  But the facts are shocking…  Presently, natural gas is going for $29 per million British Thermal Units (BTUs) in Europe, a quadruple compared to the same time in 2020, versus “just” $5 in the US, which is a mere doubling.  As a consequence, wholesale energy cost in Great Britain rose an unheard of 60% even before summer ended.  Reportedly, nine UK energy companies are on the brink of failure at this time due to their inability to fully pass on the enormous cost increases.  As a result, the British government is reportedly on the verge of nationalizing some of these entities—supposedly, temporarily—to prevent them from collapsing.  (CNBC reported on Wednesday that UK natural gas prices are now up 800% this year; in the US, nat gas rose 20% on Tuesday alone, before giving back a bit more than half of that the next day.) Serious food shortages are expected after exorbitant natural gas costs forced most of England’s commercial production of CO2 to shut down.  (CO2 is used both for stunning animals prior to slaughter and also in food packaging.)  Additionally, ballistic natural gas prices have forced the closure of two big US fertilizer plants due to a potential shortfall of ammonium nitrate of which “nat gas” is a key feedstock.  *ESG stands for Environmental, Social, Governance; in 2021, Blackrock’s assets under management approximated $9 ½ trillion, about one-third of the total US federal debt. With the winter of 2021 approaching, British households are being told they may need to ration heat.  There are even growing concerns about the widespread loss of life if this winter turns out to be a cold one, as 2020 was in Europe.  Weather forecasters are indicating that’s a distinct possibility.   In Spain, consumers are paying 40% more for electricity compared to the prior year.  The Spanish government has begun resorting to price controls to soften the impact of these rapidly escalating costs. (The history of price controls is that they often exacerbate shortages.) Naturally, spiking power prices hit the poorest hardest, which is typical of inflation whether it is of the energy variety or of generalized price increases.  Due to these massive energy price increases, eurozone inflation recently hit a 13-year high, heavily driven by natural gas prices that are the equivalent of $200 per barrel oil.  This is consistent with what I warned about in several EVAs earlier this year and I think there is much more of this looming in the years to come. In Asia, which also had a brutally cold winter in 2020 – 2021, there are severe energy shortages being disclosed, as well.  China has instructed its power providers to secure all the coal they can in preparation for a repeat of frigid conditions and acute deficits even before winter arrives.  The government has also instructed its energy distributors to acquire all the liquified natural gas (LNG) they can, regardless of cost.  LNG recently hit $35 per million British Thermal Units in Asia, up sevenfold in the past year.  China is also rationing power to its heavy industries, further exacerbating the worldwide shortages of almost everything, with notable inflationary implications. In India, where burning coal provides about 70% of electricity generation (as it does in China), utilities are being urged to import coal even though that country has the world’s fourth largest coal reserves.  Several Indian power plants are close to exhausting their coal supplies as power usage rips higher. Normally, I’d say that the cure for such extreme prices, was extreme prices—to slightly paraphrase the old axiom.  But these days, I’m not so sure; in fact, I’m downright dubious.  After all, the enormously influential International Energy Agency has recommended no new fossil fuel development after 2021—“no new”, as in zero.  It’s because of pressure such as this that, even though US natural gas prices have done a Virgin Galactic to $5 this year, the natural gas drilling rig count has stayed flat.  The last time prices were this high there were three times as many working rigs.  It is the same story with oil production.  Most Americans don’t seem to realize it but the US has provided 90% of the planet’s petroleum output growth over the past decade.  In other words, without America’s extraordinary shale oil production boom—which raised total oil output from around 5 million barrels per day in 2008 to 13 million barrels per day in 2019—the world long ago would have had an acute shortage.  (Excluding the Covid-wracked year of 2020, oil demand grows every year—strictly as a function of the developing world, including China, by the way.) Unquestionably, US oil companies could substantially increase output, particularly in the Permian Basin, arguably (but not much) the most prolific oil-producing region in the world.  However, with the Fed being pressured by Congress to punish banks that lend to any fossil fuel operator, and the overall extreme hostility toward domestic energy producers, why would they?  There is also tremendous pressure from Wall Street on these companies to be ESG compliant.  This means reducing their carbon footprint.  That’s tough to do while expanding their volume of oil and gas.  Further, investors, whether on Wall Street or on London’s equivalent, Lombard Street, or in pretty much any Western financial center, are against US energy companies increasing production.  They would much rather see them buy back stock and pay out lush dividends.  The companies are embracing that message.  One leading oil and gas company CEO publicly mused to the effect that buying back his own shares at the prevailing extremely depressed valuations was a much better use of capital than drilling for oil—even at $75 a barrel. As reported by Morgan Stanley, in the summer of 2021, an US institutional broker conceded that of his 400 clients, only one would consider investing in an energy company!  Consequently, the fact that the industry is so detested means that its shares are stunningly undervalued.  How stunningly?  A myriad of US oil and gas producers are trading at free cash flow* yields of 10% to 15% and, in some cases, as high as 25%. In Europe, where the same pressures apply, one of its biggest energy companies is generating a 16% free cash flow yield.  Moreover, that is based up an estimate of $60 per barrel oil, not the prevailing price of $80 on the Continent. *Free cash flow is the excess of gross cash flow over and above the capital spending needed to sustain a business.  Many market professionals consider it more meaningful than earnings.  Therefore, due to the intense antipathy toward Western energy producers they aren’t very inclined to explore for new resources.  Another much overlooked fact about the ultra-critical US shale industry that, as noted, has been nearly the only source of worldwide output growth for the past 13 years, is its rapid decline nature.  Most oil wells see their production taper off at just 4% or 5% per year.  But with shale, that decline rate is 80% after only two years.  (Because of the collapse in exploration activities in 2020 due to Covid, there are far fewer new wells coming on-line; thus, the production base is made up of older wells with slower decline rates but it is still a much steeper cliff than with traditional wells.)  As a result, the US, the world’s most important swing producer, has to come up with about 1.5 million barrels per day (bpd) of new output just to stay even.  (This was formerly about a 3 million bpd number due to both the factor mentioned above and the 2 million bpd drop in total US oil production, from 13 million bpd to around 11 million bpd since 2019).  Please recall that total US oil production in 2008 was only around 5 million bpd.  Thus, 1.5 million barrels per day is a lot of oil and requires considerable drilling and exploration activities.  Again, this is merely to stay steady-state, much less grow.  The foregoing is why I wrote on multiple occasions in EVAs during 2020, when the futures price for oil went below zero*, that crude would have a spectacular price recovery later that year and, especially, in 2021.  In my view, to go out on my familiar creaky limb, you ain’t seen nothin’ yet!  With supply extremely challenged for the above reasons and demand marching back, I believe 2022 could see $100 crude, possibly even higher.  *Physical oil, or real vs paper traded, bottomed in the upper teens when the futures contract for delivery in April, 2020, went deeply negative.  Mike Rothman of Cornerstone Analytics has one of the best oil price forecasting records on Wall Street.  Like me, he was vehemently bullish on oil after the Covid crash in the spring of 2020 (admittedly, his well-reasoned optimism was a key factor in my up-beat outlook).  Here’s what he wrote late this summer:  “Our forecast for ’22 looks to see global oil production capacity exhausted late in the year and our balance suggests OPEC (and OPEC + participants) will face pressures to completely remove any quotas.”  My expectation is that global supply will likely max out sometime next year, barring a powerful negative growth shock (like a Covid variant even more vaccine resistant than Delta).  A significant supply deficit looks inevitable as global demand recovers and exceeds its pre-Covid level.  This is a view also shared by Goldman Sachs and Raymond James, among others; hence, my forecast of triple-digit prices next year.  Raymond James pointed out that in June the oil market was undersupplied by 2.5 mill bpd.  Meanwhile, global petroleum demand was rapidly rising with expectations of nearly pre-Covid consumption by year-end.  Mike Rothman ran this chart in a webcast on 9/10/2021 revealing how far below the seven-year average oil inventories had fallen.  This supply deficit is very likely to become more acute as the calendar flips to 2022. In fact, despite oil prices pushing toward $80, total US crude output now projected to actually decline this year.  This is an unprecedented development.  However, as the very pro-renewables Financial Times (the UK’s equivalent of the Wall Street Journal) explained in an August 11th, 2021, article:  “Energy companies are in a bind.  The old solution would be to invest more in raising gas production.  But with most developed countries adopting plans to be ‘net zero’ on carbon emissions by 2050 or earlier, the appetite for throwing billions at long-term gas projects is diminished.” The author, David Sheppard, went on to opine: “In the oil industry there are those who think a period of plus $100-a-barrel oil is on the horizon, as companies scale back investments in future supplies, while demand is expected to keep rising for most of this decade at a minimum.”  (Emphasis mine)  To which I say, precisely!  Thus, if he’s right about rising demand, as I believe he is, there is quite a collision looming between that reality and the high probability of long-term constrained supplies.  One of the most relevant and fascinating Wall Street research reports I read as I was researching the topic of what I have been referring to as “Greenflation” is from Morgan Stanley.  Its title asked the provocative question:  “With 64% of New Cars Now Electric, Why is Norway Still Using so Much Oil?”  While almost two-thirds of Norway’s new vehicle sales are EVs, a remarkable market share gain in just over a decade, the number in the US is an ultra-modest 2%.   Yet, per the Morgan Stanley piece, despite this extraordinary push into EVs, oil consumption in Norway has been stubbornly stable.  Coincidentally, that’s been the experience of the overall developed world over the past 10 years, as well; petroleum consumption has largely flatlined.  Where demand hasn’t gone horizontal is in the developing world which includes China.  As you can see from the following Cornerstone Analytics chart, China’s oil demand has vaulted by about 6 million barrels per day (bpd) since 2010 while its domestic crude output has, if anything, slightly contracted. Another coincidence is that this 6 million bpd surge in China’s appetite for oil, almost exactly matched the increase in US oil production.  Once again, think where oil prices would be today without America’s shale oil boom. This is unlikely to change over the next decade.  By 2031, there are an estimated one billion Asian consumers moving up into the middle class.  History is clear that more income means more energy consumption.  Unquestionably, renewables will provide much of that power but oil and natural gas are just as unquestionably going to play a critical role.  Underscoring that point, despite the exponential growth of renewables over the last 10 years, every fossil fuel category has seen increased usage.  Thus, even if China gets up to Norway’s 64% EV market share of new car sales over the next decade, its oil usage is likely to continue to swell.  Please be aware that China has become the world’s largest market for EVs—by far.  Despite that, the above chart vividly displays an immense increase in oil demand.  Here’s a similar factoid that I ran in our December 4th EVA, “Totally Toxic”, in which I made a strong bullish case for energy stocks (the main energy ETF is up 35% from then, by the way):  “(There was) a study by the UN and the US government based on the Model for the Assessment of Greenhouse Gasses Induced Climate Change (MAGICC).  The model predicted that ‘the complete elimination of all fossil fuels in the US immediately would only restrict any increase in world temperature by less than one tenth of one degree Celsius by 2050, and by less than one fifth of one degree Celsius by 2100.’  Say again?  If the world’s biggest carbon emitter on a per capita basis causes minimal improvement by going cold turkey on fossil fuels, are we making the right moves by allocating tens of trillions of dollars that we don’t have toward the currently in-vogue green energy solutions?” China's voracious power appetite increase has been true with all of its energy sources.  On the environmentally-friendly front, that includes renewables; on the environmentally-unfriendly side, it also includes coal.  In 2020, China added three times more coal-based power generation than all other countries combined.  This was the equivalent of an additional coal planet each week.  Globally, there was a reduction last year of 17 gigawatts in coal-fired power output; in China, the increase was 29.8 gigawatts, far more than offsetting the rest of the world’s progress in reducing the dirtiest energy source.  (A gigawatt can power a city with a population of roughly 700,000.) Overall, 70% of China’s electricity is coal-generated. This has significant environmental implications as far as electric vehicles (EVs) are concerned.  Because EVs are charged off a grid that is primarily coal- powered, carbon emissions actually rise as the number of such vehicles proliferate. As you can see in the following charts from Reuters’ energy expert John Kemp, Asia’s coal-fired generation has risen drastically in the last 20 years, even as it has receded in the rest of the world.  (The flattening recently is almost certainly due to Covid, with a sharp upward resumption nearly a given.) The worst part is that burning coal not only emits CO2—which is not a pollutant and is essential for life—it also releases vast quantities of nitrous oxide (N20), especially on the scale of coal usage seen in Asia today. N20 is unquestionably a pollutant and a greenhouse gas that is hundreds of times more potent than CO2.  (An interesting footnote is that over the last 550 million years, there have been very few times when the CO2 level has been as low, or lower, than it is today.)  Some scientists believe that one reason for the shrinkage of Arctic sea ice in recent decades is due to the prevailing winds blowing black carbon soot over from Asia.  This is a separate issue from N20 which is a colorless gas.  As the black soot covers the snow and ice fields in Northern Canada, they become more absorbent of the sun’s radiation, thus causing increased melting.  (Source:  “Weathering Climate Change” by Hugh Ross) Due to exploding energy needs in China this year, coal prices have experienced an unprecedented surge.  Despite this stunning rise, Chinese authorities have instructed its power providers to obtain coal, and other baseload energy sources, such as liquified natural gas (LNG), regardless of cost.  Notwithstanding how pricey coal has become, its usage in China was up 15% in the first half of this year vs the first half of 2019 (which was obviously not Covid impacted). Despite the polluting impact of heavy coal utilization, China is unlikely to turn away from it due to its high energy density (unlike renewables), its low cost (usually) and its abundance within its own borders (though its demand is so great that it still needs to import vast amounts).  Regarding oil, as we saw in last week’s final image, it is currently importing roughly 11 million barrels per day (bpd) to satisfy its 15 million bpd consumption (about 15% of total global demand).  In other words, crude imports amount to almost three-quarter of its needs.  At $80 oil, this totals $880 million per day or approximately $320 billion per year.  Imagine what China’s trade surplus would look like without its oil import bill! Ironically, given the current hostility between the world’s superpowers, China has an affinity for US oil because of its light and easy-to-refine nature.  China’s refineries tend to be low-grade and unable to efficiently process heavier grades of crude, unlike the US refining complex which is highly sophisticated and prefers heavy oil such as from Canada and Venezuela—back when the latter actually produced oil. Thus, China favors EVs because they can be de facto coal-powered, lessening its dangerous reliance on imported oil.  It also likes them due to the fact it controls 80% of the lithium ion battery supply and 60% of the planet’s rare earth minerals, both of which are essential to power EVs.     However, even for China, mining enough lithium, cobalt, nickel, copper, aluminum and the other essential minerals/metals to meet the ambitious goals of largely electrifying new vehicle volumes is going to be extremely daunting.  This is in addition to mass construction of wind farms and enormously expanded solar panel manufacturing. As one of the planet’s leading energy authorities Daniel Yergin writes: “With the move to electric cars, demand for critical minerals will skyrocket (lithium up 4300%, cobalt and nickel up 2500%), with an electric vehicle using 6 times more minerals than a conventional car and a wind turbine using 9 times more minerals than a gas-fueled power plant.  The resources needed for the ‘mineral-intensive energy system’ of the future are also highly concentrated in relatively few countries. Whereas the top 3 oil producers in the world are responsible for about 30 percent of total liquids production, the top 3 lithium producers control more than 80% of supply. China controls 60% of rare earths output needed for wind towers; the Democratic Republic of the Congo, 70% of the cobalt required for EV batteries.” As many have noted, the environmental impact of immensely ramping up the mining of these materials is undoubtedly going to be severe.  Michael Shellenberger, a life-long environmental activist, has been particularly vociferous in his condemnation of the dominant view that only renewables can solve the global energy needs.  He’s especially critical of how his fellow environmentalists resorted to repetitive deception, in his view, to undercut nuclear power in past decades.  By leaving nuke energy out of the solution set, he foresees a disastrous impact on the planet due to the massive scale (he’d opine, impossibly massive) of resource mining that needs to occur.  (His book, “Apocalypse Never”, is also one I highly recommend; like Dr. Koonin, he hails from the left end of the political spectrum.) Putting aside the environmental ravages of developing rare earth minerals, when you have such high and rapidly rising demand colliding with limited supply, prices are likely to go vertical.  This will be another inflationary “forcing”, a favorite term of climate scientists, caused by the Great Green Energy Transition. Moreover, EVs are very semiconductor intensive.  With semis already in seriously short supply, this is going to make a gnarly situation even gnarlier.  It’s logical to expect that there will be recurring shortages of chips over the next decade for this reason alone (not to mention the acute need for semis as the “internet of things” moves into primetime).  In several of the newsletters I’ve written in recent years, I’ve pointed out the present vulnerability of the US electric grid.  Yet, it will be essential not just to keep it from breaking down under its current load; it must be drastically enhanced, a Herculean task. For one thing, it is excruciatingly hard to install new power lines. As J.P. Morgan’s Michael Cembalest has written: “Grid expansion can be a hornet’s nest of cost, complexity and NIMBYism*, particularly in the US.”  The grid’s frailty, even under today’s demands (i.e., much less than what lies ahead as millions of EVs plug into it) is particularly obvious in California.  However, severe winter weather in 2021 exposed the grid weakness even in energy-rich Texas, which also has a generally welcoming attitude toward infrastructure upgrading and expansion. Yet it’s the Golden State, home to 40 million Americans and the fifth largest economy in the world, if it was its own country (which it occasionally acts like it wants to be), that is leading the charge to EVs and seeking to eliminate internal combustion engines (ICEs) as quickly as possible.  Even now, blackouts and brownouts are becoming increasingly common.  Seemingly convinced it must be a role model for the planet, it’s trying desperately to reduce its emissions, which are less than 1%, of the global total, at the expense of rendering its energy system more similar to a developing country.  In addition to very high electricity costs per kilowatt hour (its mild climate helps offset those), it also has gasoline prices that are 77% above the national average.  *NIMBY stands for Not In My Back Yard. While California has been a magnet for millions seeking a better life for 150 years, the cost of living is turning the tide the other way.  Unreliable and increasingly expensive energy is likely to intensify that trend.  Combined with home prices that are more than double the US median–$800,000!–California is no longer the land of milk and honey, unless, to slightly paraphrase Woody Guthrie about LA, even back in the 1940s, you’ve got a whole lot of scratch.  More and more people, seem to be scratching California off their list of livable venues.  Voters in the reliably blue state of California may become extremely restive, particularly as they look to Asia and see new coal plants being built at a fever pitch.  The data will become clear that as America keeps decarbonizing–as it has done for 30 years mostly due to the displacement of coal by gas in the US electrical system—Asia will continue to go the other way.  (By the way, electricity represents the largest share of CO2 emission at roughly 25%.)  California has always seemed to lead social trends in this country, as it is doing again with its green energy transition.  The objective is noble though, extremely ambitious, especially the timeline.  As it brings its power paradigm to the rest of America, especially its frail grid, it will be interesting to see how voters react in other states as the cost of power leaps higher and its dependability heads lower.  It’s reasonable to speculate we may be on the verge of witnessing the Californication of the US energy system.  Lest you think I’m being hyperbolic, please be aware the IEA (International Energy Agency) has estimated it will cost the planet $5 trillion per year to achieve Net Zero emissions.  This is compared to global GDP of roughly $85 trillion. According to BloombergNEF, the price tag over 30 years, could be as high as $173 trillion.  Frankly, based on the history of gigantic cost overruns on most government-sponsored major infrastructure projects, I’m inclined to take the over—way over—on these estimates. Moreover, energy consulting firm T2 and Associates, has guesstimated electrifying just the US to the extent necessary to eliminate the direct consumption of fuel (i.e., gasoline, natural gas, coal, etc.) would cost between $18 trillion and $29 trillion.  Again, taking into account how these ambitious efforts have played out in the past, I suspect $29 trillion is light.  Regardless, even $18 trillion is a stunner, despite the reality we have all gotten numb to numbers with trillions attached to them.  For perspective, the total, already terrifying, level of US federal debt is $28 trillion. Regardless, as noted last week, the probabilities of the Great Green Energy Transition happening are extremely high.  Relatedly, I believe the likelihood of the Great Greenflation is right up there with them.  As Gavekal’s Didier Darcet wrote in mid-August:  ““Nowadays, and this is a great first in history, governments will commit considerable financial resources they do not have in the extraction of very weakly concentrated energy.” ( i.e., less efficient)  “The bet is very risky, and if it fails, what next?  The modern economy would not withstand expensive energy, or worse, lack of energy.”  While I agree this an historical first, it’s definitely not great (with apologies for all the “greats”).  This is particularly not great for keeping inflation subdued, as well as for attempting to break out of the growth quagmire the Western world has been in for the last two decades.  What we are seeing in Europe right now is an extremely cautionary case study in just how disastrous the war on fossil fuels can be (shortly we will see who or what has been a behind-the-scenes participant in this conflict). Essentially, I believe, as I’ve written in past EVAs, we are entering the third energy crisis of the last 50 years.  If I’m right, it will be characterized by recurring bouts of triple-digit oil prices in the years to come.  Along with Richard Nixon taking the US off the gold standard in 1971, the high inflation of the 1970s was caused by the first two energy crises (the 1973 Arab Oil Embargo and the 1979 Iranian Revolution).  If I’m correct about this being the third, it’s coming at a most inopportune time with the US in hyper-MMT* mode. Frankly, I believe many in the corridors of power would like to see oil trade into the $100s, and natural gas into the teens, as it will help catalyze the shift to renewable energy.  But consumers are likely to have a much different reaction—potentially, a violently different reaction, as I noted last week.  The experience of the Yellow Vest protests in France (referring to the color of the vest protestors wore), are instructive in this regard.  France is a generally left-leaning country.  Despite that, a proposed fuel surtax in November 2018 to fund a renewable energy transition triggered such widespread civil unrest that French president Emmanuel Macron rescinded it the following month. *MMT stands for Modern Monetary Theory.  It holds that a government, like the US, which issues debt in its own currency can spend without concern about budgetary constraints.  If there are not enough buyers of its bonds at acceptable interest rates, that nation’s central bank (the Fed, in our case) simply acquires them with money it creates from its digital printing press.  This is what is happening today in the US.  Many economists consider this highly inflationary. The sharp and politically uncomfortable rise in US gas pump prices this summer caused the Biden administration to plead with OPEC to lift its volume quotas.  The ironic implication of that exhortation was glaringly obvious, as was the inefficiency and pollution consequences of shipping oil thousands of miles across the Atlantic.  (Oil tankers are a significant source of emissions.)  This is as opposed to utilizing domestic oil output, as well as crude from Canada (which is actually generally better suited to the US refining complex).  Beyond the pollution aspect, imported oil obviously worsens America’s massive trade deficit (which would be far more massive without the six million barrels per day of domestic oil volumes that the shale revolution has provided) and costs our nation high-paying jobs. Further, one of my other big fears is that the West is engaging in unilateral energy disarmament.  Russia and China are likely the major beneficiaries of this dangerous scenario.  Per my earlier comment about a stealth combatant in the war on fossil fuels, it may surprise you that a past NATO Secretary General* has accused Russian intelligence of avidly supporting the anti-fracking movements in Western Europe.  Russian TV has railed against fracking for years, even comparing it to pedophilia (certainly, a most bizarre analogy!).  The success of the anti-fracking movement on the Continent has essentially prevented a European version of America’s shale miracles (the UK has the potential to be a major shale gas producer).  Consequently, the European Union’s domestic natural gas production has been in a rapid decline phase for years.  Banning fracking has, of course, made Europe heavily reliant on Russian gas shipments with more than 40% of its supplies coming from Russia. This is in graphic contrast to the shale output boom in the US that has not only made us natural gas self-sufficient but also an export powerhouse of liquified natural gas (LNG).  In 2011, the Nord Stream system of pipelines running under the Baltic Sea from northern Russia began delivering gas west from northern Russia to the German coastal city of Greifswald.  For years, the Russians sought to build a parallel system with the inventive name of Nord Stream 2.  The US government opposed its approval on security grounds but the Biden administration has dropped its opposition.  It now appears Nord Stream 2 will happen, leaving Europe even more exposed to Russian coercion.  Is it possible the Russian government and the Chinese Communist Party have been secretly and aggressively supporting the anti-fossil fuel movements in America?  In my mind, it seems not only possible but probable.  In fact, I believe it is naïve not to come that conclusion.  After all, wouldn’t it be in both of their geopolitical interests to see the US once again caught in a cycle of debilitating inflation, ensnared by the twin traps of MMT and the third energy crisis? *Per former NATO Secretary General, Anders Fogh Rasumssen:  Russia has “engaged actively with so-called non-governmental organizations—environmental organizations working against shale gas—to maintain Europe’s dependence on imported Russian gas”. Along these lines, I was shocked to listen to a recent podcast by the New Yorker magazine on the topic of “intelligent sabotage”.  This segment was an interview between the magazine’s David Remnick and a Swedish professor, Adreas Malm.  Mr. Malm is the author of a new book with the literally explosive title “How To Blow Up A Pipeline”.   Just as it sounds, he advocates detonating pipelines to inhibit fossil fuel distribution.  Mr. Remnick was clearly sympathetic to his guest but he did ask him about the impact on the poor of driving energy prices up drastically which would be the obvious ramification if his sabotage recommendations were widely followed.  Mr. Malm’s reaction was a verbal shrug of the shoulders and words to the effect that this was the price to pay to save the planet. Frankly, I am appalled that the venerable New Yorker would provide a platform for such a radical and unlawful suggestion.  In an era when people are de-platformed for often innocuous comments, it’s incredible to me this was posted and has not been pulled down.  In my mind, this reflects just how tolerant the media is of attacks on the fossil fuel industry, regardless of the deleterious impact on consumers and the global economy. Surely, there is a far better way of coping with the harmful aspects of fossil fuel-based energy than this scorched earth (literally, in the case of Mr. Malm) approach, which includes efforts to block new pipelines, shut existing ones, and severely restrict US energy production.  In America’s case, the result will be forcing us to unnecessarily and increasingly rely on overseas imports.  (For example, per the Wall Street Journal, drilling permits on federal land have crashed to 171 in August from 671 in April.  Further, the contentious $3.5 trillion “infrastructure” plan would raise royalties and fees high enough on US energy producers that it would render them globally uncompetitive.) Such actions would only aggravate what is already a severe energy shock, one that may be worse than the 1970s twin energy crises.  America has it easy compared to Europe, though, given current US policy trends, we might be in their same heavily listing energy boat soon. Solutions include fast-tracking small modular nuclear plants; encouraging the further switch from burning coal to natural gas (a trend that is, unfortunately, going the other way now, as noted above); utilizing and enhancing carbon and methane capture at the point of emission (including improving tail pipe effluent-reduction technology); enhancing pipeline integrity to inhibit methane leaks; among many other mitigation techniques that recognize the reality the global economy will be reliant on fossil fuels for many years, if not decades, to come.  If the climate change movement fails to recognize the essential nature of fossil fuels, it will almost certainly trigger a backlash that will undermine the positive change it is trying to bring about.  This is similar to what it did via its relentless assault on nuclear power which produced a frenzy of coal plant construction in the 1980s and 1990s.  On this point, it’s interesting to see how quickly Europe is re-embracing coal power to alleviate the energy poverty and rationing occurring over there right now - even before winter sets in.  When the choice is between supporting climate change initiatives on one hand and being able to heat your home and provide for your family on the other, is there really any doubt about which option the majority of voters will select? Tyler Durden Tue, 10/26/2021 - 19:30.....»»

Category: worldSource: nytOct 26th, 2021

Luckin Coffee Inc. Announces Unaudited First Half of 2021 Financial Results

Net Revenues Increased Over 106% Resulting from Higher Net Selling Prices and Increase in Items Sold Achieved 16% Store Level Profit Margin In the First Half Year of 2021 BEIJING, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) ("Luckin Coffee" or the "Company") (OTC:LKNCY) today announced its unaudited financial results for the six months ended June 30, 2021. As a result of the COVID-19 pandemic, the Company's business and financial performance in the first half year of 2020 were materially adversely affected. The Company cautions investors to take this into account when comparing and evaluating period-over-period growth metrics. COMPANY STATEMENT "This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Dr. Jinyi Guo, Chairman and Chief Executive Officer of Luckin Coffee. "I am pleased with the overall performance we achieved in the first half of 2021. In particular, it is worth noting that substantial revenue growth was driven by an increase in average revenue per self-operated store. Several factors contributed to our strong performance. We further improved our brand recognition, increased customer retention and order frequency, successfully introduced new products and achieved higher net selling prices. Furthermore, we strategically expanded our Luckin Partnership stores in mostly lower-tier cities in China. Additionally, our technology driven business model and favorable cost structure enabled us to enhance store level profitability and results of operations." Dr. Guo added, "Today, with a refreshed Board of Directors and leadership team, as well as the execution of our strategy to focus on our core coffee business and deliver sustainable growth and profitability, we are well-positioned to drive meaningful long-term value for our shareholders, and continue to provide outstanding products and services to our customers." FIRST HALF YEAR 2021 HIGHLIGHTS1 Total net revenues in the first half year were RMB3,182.5 million (US$492.9 million), representing an increase of 106.0% from RMB1,544.5 million in the same half of 2020. Revenues from product sales in the first half year were RMB2,741.3 million (US$424.6 million), representing an increase of 89.3% from RMB1,448.2 million in the same half year of 2020. Revenues from partnership stores in the first half year were RMB441.2 million (US$68.3 million), representing an increase of 357.8% from RMB96.4 million in the same half year of 2020. Same-store sales growth for self-operated stores in the first half year was 82.7%, compared to negative 20.3% in the same half year of 2020.  Average monthly transacting customers in the first half year were 10.5 million, representing an increase of 35.1% from 7.8 million in the same half year of 2020. Total number of stores was 5,259 as of the end of the first half year, including 4,018 self-operated stores and 1,241 partnership stores. Self-operated stores decreased by 5.8% from 4,267 stores as of the end of the same half year of 2020 and partnership stores increased by 50.6% from 824 partnership stores as of the end of the same half year of 2020. Store level operating profit – self operated stores in the first half was RMB417.3 million (US$64.6 million) with store level operating profit margin of 16.3%, compared to a store level operating loss – self operated stores of RMB531.4 million with store level operating loss margin of 39.2% in the same half year of 2020. FIRST HALF YEAR OF 2021 UNAUDITED FINANCIAL RESULTS Total net revenues were RMB3,182.5 million (US$492.9 million) in the first half of 2021, representing an increase of 106.0% from RMB1,544.5 million in the first half of 2020. Net revenues growth was primarily driven by the increased average selling price for the Company's products, the increase in the number of monthly transacting customers and the number of products sold. Revenues from product sales were RMB2,741.3 million (US$424.6 million) in the first half of 2021, representing an increase of 89.3% from RMB1,448.2 million in the first half of 2020. Net revenues from freshly brewed drinks were RMB2,422.2 million (US$375.1 million), representing 76.1% of total net revenues in the first half of 2021, compared to RMB1,248.1 million, or 80.8% of total net revenues, in the first half of 2020. Net revenues from other products were RMB176.5 million (US$27.3 million), representing 5.5% of total net revenues in the first half of 2021, compared to RMB129.4 million, or 8.4% of total net revenues, in the first half of 2020. Net revenues from others were RMB142.6 million (US$22.1 million), representing 4.5% of total net revenues in the first half of 2021, compared to RMB70.7 million, or 4.6% of total net revenues, in the first half of 2020. Revenues from partnership stores were RMB441.2 million (US$68.3 million) in the first half of 2021, representing 13.9% of total net revenues, which is an increase of 357.8% compared to RMB96.4 million, or 6.2% of total net revenues, in the first half of 2020. For the first half of 2021, revenues from partnership stores included sales of materials of RMB269.3 million (US$41.7 million), sales of equipment of RMB82.6 million (US$12.8 million), profit sharing of RMB42.0 million (US$6.5 million) and other of RMB47.3 million (US$7.3 million). Total operating expenses were RMB3,594.0 million (US$556.6 million) in the first half of 2021, representing an increase of 13.0% from RMB3,180.4 million in the first half of 2020. The increase in operating expenses was in line with the Company's business expansion. Meanwhile, operating expenses as a percentage of net revenues decreased to 112.9% in the first half of 2021 from 205.9% in the first half of 2020, mainly driven by increased economies of scale and the Company's technology-driven operations. Cost of materials were RMB1,299.7 million (US$201.3 million) in the first half of 2021, representing an increase of 54.1% from RMB843.1 million in the first half of 2020, in line with the increase in the number of products sold. Store rental and other operating costs were RMB887.9 million (US$137.5 million) in the first half of 2021, representing a decrease of 0.3% from RMB890.7 million in the first half of 2020, mainly due to the decrease in store rental costs from the closure of certain stores, which was offset by increases in payroll cost and utilities as a result of the rise in sales volume. Depreciation and amortization expenses were RMB229.0 million (US$35.5 million) in the first half of 2021, representing a decrease of 3.7% from RMB237.8 million in the first half of 2020, mainly due to a decline in the number of self-operated stores in the first half of 2021 compared the same period last year. Sales and marketing expenses were RMB460.4 million (US$71.3 million) in the first half of 2021, representing a decrease of 11.0% from RMB517.5 million in the first half of 2020. Sales and marketing expense decreased primarily because advertising expenses and free product promotion expenses decreased, as the Company adopted more cost-effective approaches, such as cultivation of private domain traffic pools since April 2020, and ceased its free product promotion activities in May 2020. Delivery expenses increased substantially in the first half of 2021 as the number of delivery orders increased compared to the same period last year. General and administrative expenses were RMB559.8 million (US$86.7 million) in the first half of 2021, representing an increase of 12.3% from RMB498.6 million in the first half of 2020. The increase in general and administrative expenses was mainly driven by the increased share-based compensation following the adoption of the 2021 Equity Incentive Plan as announced on January 25, 2021. Store preopening and other expenses were RMB2.7 million (US$0.4 million) in the first half of 2021, compared to RMB7.2 million in the first half of 2020, mainly due to decreased rental costs before opening as a result of optimized site selection and improved efficiency for new store openings. Losses and expenses related to Fabricated Transactions and Restructuring were RMB154.7 million (US$24.0 million) in the first half of 2021, representing a decrease of 15.6% from RMB183.2 million in the first half of 2020, which consist primarily of (i) legal fees under indemnification for security holders, underwriters of the Company's initial public offering and follow-on offering, directors and officers; (ii) legal fees incurred to respond to a number of legal proceedings; (iii) professional fees related to the Internal Investigation; (iv) professional fees and expenses reimbursed for the JPLs and (v) other advisory service fees. Operating loss was RMB411.5 million (US$63.7 million) in the first half of 2021, representing a decrease of 74.8% from a loss of RMB1,635.9 million in the first half of 2020. Non-GAAP operating loss was RMB284.1 million (US$44.0 million) in the first half of 2021, representing a decrease of 82.5% from a loss of RMB1,619.6 million in the first half of 2020. For more information on the Company's non-GAAP financial measures, please see the section of "Use of Non-GAAP Financial Measures" and the table captioned "Reconciliation of Non-GAAP Measures to the Most Directly Comparable GAAP Measures" set forth at the end of this press release. Net loss was RMB211.4 million (US$32.7 million) in the first half of 2021, representing a decrease of 86.4% from a loss of RMB1,555.2 million in the first half of 2020. Non-GAAP net loss was RMB84.0 million (US$13.0 million) in the first half of 2021, compared to a loss of RMB1,538.9 million in the first half of 2020. Basic and diluted net loss per ADS was RMB0.80 (US$0.16) in the first half of 2021, compared to a loss of RMB6.16 in the first half of 2020. Non-GAAP basic and diluted net loss per ADS was RMB0.32 (US$0.08) in the first half of 2021, compared to a loss of RMB6.08 in the first half of 2020. Net cash generated from operating activities was RMB129.6 million (US$20.1 million) in the first half of 2021, compared to RMB1,972.8 million in net cash used in in the first half of 2020. The improvement was primarily driven by the Company's improved business operations, realized store level profitability and enhanced ability to generate revenue. Cash and cash equivalents and short-term investments were RMB5,083.0 million (US$787.3 million) as of June 30, 2021, compared to RMB5,056.0 million as of December 31, 2020. The increase was primarily driven by the improvement of operating cash flow. KEY OPERATING DATA      For the three months ended or as of       Mar 31,   Jun 30,   Sep 30,   Dec 31,   Mar 31,   Jun 30,   2020   2020   2020   2020   2021 2021                             Total self-operated stores   4,511   4,267   3,952   3,929   3,939   4,018   Pick-up stores   4,257   4,085   3,798   3,791   3,801   3,883   Relax stores   142   141   142   134   134   132   Delivery kitchens   112   41   12   4   4   3   Total partnership stores   501   824   879   874   1,012   1,241                               Cumulative number of transacting customers (in thousands)   45,347.5   54,501.9   59,353.4   64,915.6   69,095.8   75,593.4   Average monthly transacting customers (in thousands)   6,609.3   8,945.1   8,214.8   9,712.1   8,728.0   12,285.3                               Average monthly total items sold in self-operated stores and unmanned coffee machines (in thousands)   18,136.4   27,011.7   27,604.1   31,632.2   26,783.0   37,041.1   Freshly brewed drinks   15,882.0   22,867.7   23,446.3   26,702.9   23,121.9   32,558.8   Other products   2,254.4   4,144.0   4,157.8   4,929.3   3,661.1   4,482.3   KEY DEFINITIONS Total net revenues include revenues from product sales and revenues from partnership stores. Revenues from product sales include net revenue from the sales of freshly brewed and non-freshly brewed items through self-operating stores, unmanned machines, e-commerce and revenue from delivery. Revenues from partnership stores include net revenue from the sales of materials, equipment, profit sharing and other services from retail partnership stores. Same-store sales growth for self-operated stores. Defined as growth rate of total revenue from stores that has been in operation as at comparable period beginning and was not closed before current period ending with the number of average operating days over 15 per month over both current period and last year's comparable period. Store level operating profit (loss) - self-operated stores. Calculated by deducting cost of direct materials (including wastage in stores), cost of delivery packaging materials, storage and logistics expenses, store depreciation expense (including decoration loss for store closure), store rental and other operating costs, net delivery expense, transaction fees, rental deposit of closed stores and rental expense for pre-opening stores from our self-operated store revenues. Store level operating profit (loss) margin - self-operated stores. Calculated by dividing store level operating profit (loss) by total net revenues from self-operating stores. Total number of stores. The number of stores opened as at period ending, excluding unmanned machines. Cumulative number of transacting customers. The total number of transacting customers since our inception. This includes those of partnership stores and those only consumed with free-coupons. Average monthly transacting customers. The total number of transacting customers divided by the number of months during the period (includes those of partnership stores and those only consumed with free-coupons). Average monthly total items sold in self-operated stores and unmanned machines. Total number of items (including freshly brewed and non-freshly brewed items) sold in self-operating stores and unmanned machines divided by the number of months during the period. Non-GAAP operating loss. Calculated by operating loss excluding share-based compensation expenses and impairment of long-lived assets. Non-GAAP net loss. Calculated by net loss excluding share-based compensation expenses and impairment of long-lived assets. Non-GAAP net loss attributable to the Company's ordinary shareholders. Calculated by adjusting net loss attributable to the Company's ordinary shareholders excluding share-based compensation expenses, impairment of long-lived assets. Non-GAAP basic and diluted net loss per share. Calculated as non-GAAP net loss attributable to the Company's ordinary shareholders divided by weighted average number of basic and diluted share. Non-GAAP basic and diluted net loss per ADS. Calculated as non-GAAP net loss attributable to the Company's ordinary shareholders divided by weighted average number of basic and diluted ADS. USE OF NON-GAAP FINANCIAL MEASURES In evaluating the business, the company consider and use adjusted operating loss and adjusted net loss, each a non-GAAP financial measure, in reviewing and assessing the company's operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The company present these non-GAAP financial measures because they are used by the company's management to evaluate operating performance and formulate business plans. The company believe that the non-GAAP financial measures help identify underlying trends in the company's business, provide further information about the company's results of operations, and enhance the overall understanding of the company's past performance and future prospects. The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. The company's non-GAAP financial measures do not reflect all items of income and expense that affect the company's operations and do not represent the residual cash flow available for discretionary expenditures. Furthermore, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The company compensate for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The company encourage investors and others to review the company's financial information in its entirety and not rely on a single financial measure. The company define non-GAAP operating loss as operating loss excluding share-based compensation expenses and impairment loss of long-lived assets, non-GAAP net loss as net loss excluding share-based compensation expenses and impairment loss of long-lived assets, and non-GAAP net loss attributable to the company's ordinary shareholders as net loss attributable to the company's ordinary shareholders excluding share-based compensation expenses and impairment loss of long-lived assets. For more information on the non-GAAP financial measures, please see the table captioned "Reconciliation of Non-GAAP Measures to the Most Directly Comparable GAAP Measures" set forth at the end of this press release. EXCHANGE RATE INFORMATION This announcement contains translations of certain RMB amounts into U.S. dollars ("US$") at specified rates solely for the convenience of the reader. Other than proceeds from the issuance of Series B-1 convertible redeemable preferred shares, IPO and the concurrent private placement stated, all translations from RMB to US$ were made at the rate of RMB 6.4566 to US$1.00, the exchange rate on June 30, 2021 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. SAFE HARBOR STATEMENTS This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. Luckin Coffee may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including Joint Provisional Liquidators. Any statements that are not historical facts, including statements about Luckin Coffee's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the expense, timing and outcome of existing or future legal and governmental proceedings, investigations in connection with Luckin Coffee; the outcome and effect of the ongoing restructuring of Luckin Coffee's financial obligations; Luckin Coffee's growth strategies; its future business development, results of operations and financial condition; the effect of the non-reliance identified in, and the resultant restatement of, certain of Luckin Coffee's previously issued financial results; the timing of the completion or outcome of the audit of Luckin Coffee's financial statements; the effectiveness of its internal control; its ability to retain and attract its customers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with its suppliers and business partners; trends and competition in China's coffee industry or China's food and beverage sector in general; changes in its revenues and certain cost or expense items; the expected growth of China's coffee industry or China's food and beverage sector in general; PRC governmental policies and regulations relating to Luckin Coffee's industry; the potential effects of COVID-19; and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in Luckin Coffee's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Luckin Coffee undertakes no obligation to update any forward-looking statement, except as required under applicable law. STATEMENT REGARDING PRELIMINARY UNAUDITED FINANCIAL INFORMATION The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company's year-end audit, which could result in significant differences from this preliminary unaudited financial information. ABOUT LUCKIN COFFEE INC. Luckin Coffee Inc. (OTC:LKNCY) has pioneered a technology-driven retail network to provide coffee and other products of high quality, high convenience and high affordability to customers. Empowered by proprietary technologies, Luckin Coffee pursues its mission to build a world-class coffee brand and become a part of everyone's daily life. Luckin Coffee was founded in 2017 and is based in China. For more information, please visit investor.luckincoffee.com. INVESTOR AND MEDIA CONTACTS Investor Relations: Luckin Coffee Inc. IR Email: ir@luckincoffee.com Bill Zima / Fitzhugh Taylor ICR, Inc. Phone: 646 880 9039 Media Relations: Luckin Coffee Inc. PR Email: pr@luckincoffee.com  Ed Trissel / Jack Kelleher Joele Frank, Wilkinson Brimmer ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzingaOct 21st, 2021

Futures Flat As Bitcoin Nears All-Time High, Yen Tumbles To 4 Year Low

Futures Flat As Bitcoin Nears All-Time High, Yen Tumbles To 4 Year Low US index futures were little changed as investors weighed the start of the earnings season against growing stagflation, tightening, energy crisis, China property and supply risks. S&P 500 futures were flat after the cash index edged closer to a record on Tuesday, rising above 4,500. Contracts on the Nasdaq 100 were also unchanged after the main index rallied for the past five days. At 7:30 a.m. ET, Dow e-minis were down 8 points, or 0.02%, S&P 500 e-minis were down 1 point, or 0.03%, and Nasdaq 100 e-minis were up 5 points, or 0.03%. Oil was down and the dollar steadied. Bitcoin traded just shy of its all time high overnight, and was last seen around $64,000. The S&P closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors amid optimism about solid third-quarter earnings season. The index is just 0.4% below its early September record close, while the Dow Jones Industrials average is 0.5% below its all-time high reached in mid-August. "Earlier this month, stagflation was the buzzword on Wall Street. But now excessive pessimism is receding, especially after strong U.S. retail sales data on Friday," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities. "Tech shares and other high-growth shares that would have been sold on rising bond yields are rallying, which clearly shows that there is now strong optimism on upcoming earnings." The positive mood saw U.S. bond yields rising further, with the 10-year U.S. Treasuries yield climbing to 1.67% , a high last seen in May. Shorter yields dipped, however, with the two-year yield slipping to 0.404% from Monday's peak of 0.448% as traders took profits for now from bets that the U.S. Federal Reserve will turn hawkish at its upcoming policy meeting in early November. Investors expect the Fed to announce tapering of its bond buying and money markets futures are pricing in one rate hike later next year. "The Fed is likely to become more hawkish, probably tweaking its language on its assessment that inflation will be transient. While the Fed will maintain tapering is not linked to a future rate hike, the market will likely try to price in rate hikes and flatten the yield curve," said Naokazu Koshimizu, senior strategist at Nomura Securities. In premarket trading, Tesla edged 0.4% lower in the run up to its quarterly results after markets close, with investors awaiting details on its performance in China. Anthem rose 0.6% as the second largest health U.S. insurer raised its profit outlook for 2021 after beating third-quarter profit estimates. United Airlines Holdings gained 1.6% after the carrier reported a smaller quarterly loss than a year ago on travel rebound. Ford gained 1.9% after Credit Suisse upgraded the U.S. automaker’s stock to ‘outperform’ on EV transition. Oil majors Exxon Mobil and Chevron Corp slipped 0.7% and 0.6%, respectively, tracking crude prices. Meanwhile, Chinese technology ADRs climbed as jitters in the wake of President Xi Jinping’s regulatory crackdowns fade. Netflix’s global sensation “Squid Game” helped lure more customers than expected, the world’s largest streaming service said as it predicted a packed lineup would further boost signups through the end of the year. Its shares, however, fell 2.7% after hitting a record high earlier this month and gaining 18.2% year-to-date. Here are some of the other biggest U.S. movers today: Chinese tech stocks listed in the U.S. rally in premarket with Hong Kong peers as jitters in the wake of President Xi Jinping’s regulatory crackdowns fade; Pinduoduo (PDD US) +1.7%; Didi (DIDI US) +1.3% Alibaba (BABA US) jumped 6.7% in Hong Kong after reports that founder Jack Ma has traveled abroad for the first time in a year United Airlines (UAL US) gains 2% in U.S. premarket trading after the airline posted a narrower loss than expected despite the impact of the coronavirus delta variant. Cowen notes that 3Q was better than expected and also ahead of management’s last guidance from early September Novavax (NVAX US) shares fall as much as 25% in U.S. premarket trading after Politico reported a potential delay in registering its Covid-19 vaccine candidate with the U.S. Food and Drug Administration in connection with inadequate purity levels Vinco Ventures (BBIG US) shares slump 15% in premarket trading after the company reported the resignations of Chief Executive Officer Christopher Ferguson and Chief Financial Officer Brett Vroman Ford (F US) shares gain 1.7% premarket after Credit Suisse upgrades to outperform with joint Street-high target of $20 following a significant turnaround over the past year Stride (LRN US) gained 7.9% Tuesday postmarket after the education company forecast revenue for the full year that beat the highest analyst estimate WD-40 (WDFC US) sank 10% in postmarket trading after forecasting earnings per share for 2022 that missed the average analyst estimate Omnicom (OMC US) fell 3% in postmarket trading after third quarter revenue fell short of some analyst estimates Canadian National (CNI US) U.S.-listed shares rose 4.6% in postmarket trading after reporting adjusted earnings per share for the third quarter that beat the average analyst estimate Akero Therapeutics (AKRO US) shares rose as much as 12% in Tuesday extended trading after co. said the U.S Verizon Communication, Abbott Laboratories, Tesla Inc, Kinder Morgan and IBM are set to report their earnings later in the day.  Analysts expect S&P 500 earnings to rise 32.4% from a year earlier, according to Refinitiv data, while also keeping a close eye on growth outlook from companies that are faced with rising costs, labor shortages and supply chain disruptions. “Investor response to the latest set of earnings reports has been a touch hit and miss with supply chain issues dogging both Procter and Gamble and Philip Morris,” wrote Danni Hewson, financial analyst at AJ Bell in a client note. “After six quarters of beating earnings expectations, the focus may now shift to forward guidance for 2022 and away from the likely better than expected results for this quarter,” Clive Emery, a multi asset fund manager at Invesco said in a note. “If CEOs are more conservative, this could dent market pricing – especially after such strong moves in equity markets over the last 18 months.” In Europe, stocks were also little changed as gains in food and beverage stocks offset losses in miners which are some of the region’s steepest decliners as base metals slip after China launched a blitz of measures to tackle the energy crisis. The Stoxx Europe 600 basic resources index drops 2% as of 10:56am in London, worst performance among Stoxx 600 sectors. Here are some of the biggest European movers today: Falck Renewables shares rise as much as 15% after Infrastructure Investments Fund agreed to buy Falck SpA’s 60% stake in the company at EU8.81/share. IIF will launch a mandatory cash tender offer for Falck Renewables’ remaining share capital after the transaction. Husqvarna shares advance as much as 7.7%, the most intraday since May 2020, after reporting 3Q operating profit that Pareto Securities says is “substantially” stronger than expected. Getinge shares jump as much as 8.1% to a record high, leading the OMX Stockholm 30 index, after 3Q earnings which Handelsbanken (hold) says showed “impressive” order intake and operating leverage. Deliveroo shares jump as much as 4.9% to their highest level since Sept. 30, after the U.K. online food delivery firm hikes its growth forecast, which Jefferies says is an “aspiration” for players in the sector. Nestle shares advance as much as 3.9% after the world’s largest food company increased its sales outlook for the year. This along with the lack of a negative margin update “should be enough to reassure,” according to Citigroup. AutoStore Holdings shares jumped as much as 15% in its Oslo trading debut after pricing shares at the top end of the marketed range as an online shopping boom and labor shortages drive up demand for its automated warehouse robots. Kering SA shares tumbled as much as 5.8% after slowing growth at Gucci, its biggest brand, put more pressure on the label’s new collection to deliver a strong holiday season. Antofagasta shares slump as much as 6.3%, most intraday for two months, after the miner guides for lower copper production next year. Citi and Morgan Stanley analysts say 2022 outlook came in below expectations Kuehne + Nagel shares fall as much as 4.7% to their lowest level in five months after working- capital concerns outweighed a 3Q earnings beat for Swiss logistics operator. Earlier in the session, Asian stocks advanced with Hong Kong-listed tech shares extending their rally to a fourth day, buoyed by encouraging U.S. earnings and growing optimism that the strictest of China’s new regulations on tech firms may already be announced.  The MSCI Asia Pacific Index rose as much as 0.7%, powered by Alibaba Group Holding Ltd., which closed up 6.7%. The equity gauge also climbed after Johnson & Johnson raised its profit forecast and Netflix Inc. reported a jump in subscribers. Hong Kong and Australia were among the top-performing markets.  “Asian stocks appear to be taking their cue from the U.S. earnings season and are being bought on the back of the nascent technical confirmation,” said Justin Tang, the head of Asian research at United First Partners. The regional benchmark has gained 5% over the past two weeks as the earnings season progresses and inflation and supply chain worries ease. The measure is close to surpassing its 100-day moving average. Coal stocks listed in mainland China slumped after the nation’s top economic planner said it’s studying ways to intervene in the coal market as the government tries to rein in rising prices and curtail shortfalls. Meanwhile, expectations are falling that China’s central bank will ease monetary policy by cutting the amount of cash banks have to hold in reserve, according to a front-page story from the central bank’s own newspaper. Japanese equities eked out a second day of gains, driven by advances in telecommunications providers. Banks were also among the biggest boosts to the Topix, which rose less than 0.1%. SoftBank Group and Fast Retailing were the largest contributors to a 0.1% gain in the Nikkei 225. U.S. equities extended a rally on Tuesday as solid corporate results helped counter concerns stemming from elevated inflation. In Australia, the S&P/ASX 200 index rose 0.5% to 7,413.70, its highest close since Sept. 16. Banks boosted the index as a subgauge of financials hit a four-year peak. Kogan.com rallied after the company reported gross sales for the first quarter of A$330.5 million vs. A$273 million y/y. Whitehaven plunged after China’s top economic planner said it is studying ways to intervene in the coal market as the government tries to rein in rising prices and curtail shortfalls. In New Zealand, the S&P/NZX 50 index rose 0.4% to 13,114.24 In FX, the Bloomberg dollar index is little changed in London trade following yesterday’s slide and the greenback traded mixed against its Group-of-10 peers. The Treasury curve held on to yesterday’s steepening as the 2-year yield fell a second day, while the 10- year yield was steady after earlier rising to 1.67% for the first time since May. Norway’s krone was the worst G-10 performer as it fell from the European open, after yesterday reaching a four-month high versus the dollar. The pound slipped, reversing modest gains, after the U.K.’s September inflation reading came in lower than expectations; still, it’s well beyond the Bank of England’s target and it’s the last before the rate decision in November. Australia’s led G-10 gains and the sovereign bond curve bear steepened, tracking yesterday’s Treasury moves. The yen fell to weakest level in almost four years as traders added to bets on Fed rate hikes and rising oil prices boosted concern about the Japanese trade deficit. China’s offshore yuan extends its overnight softness after a weaker than expected fixing, with USD/CNH 0.25% higher. In rates, treasuries were narrowly mixed and off lows reached during Asia session after being led higher during European morning by gilts, where short maturities outperform. The 10-year TSY yield touched 1.67%, the highest level since May. The treasury futures rally stalled after a block sale in 10-year contracts, apparently fading strength. Treasury curve pivots around a little-changed 10-year sector, with front-end yields slightly richer on the day, long-end slightly cheaper; 5s30s, steeper by 2bp, extends rebound from Monday’s multimonth low; U.K. 10-year yield is lower by nearly 4bp. U.S. session includes 20-year bond auction.   Bunds and gilts ground higher in quiet trade, with curves having a small steepening bias. Long end USTs cheapen 1bp, gilts richen ~2.5bps at the short end. Peripheral spreads are marginally tighter to Germany. Italy’s green BTP syndication is well received with final books over EU48b. European equities fade a small opening dip to trade little changed. Price action is quiet, V2X drops toward 16 In commodities, crude futures drift lower. WTI drops 0.9% near $82.20, Brent is 1% lower holding above $84. Spot gold slowly extends Asia’s gains, rising $9 to trade near $1,780/oz. Most base metals are under pressure with LME copper and aluminum underperforming peers. In cryptocurrencies, bitcoin stood at $64,068, near its all-time peak of $64,895 as the first U.S. bitcoin futures-based exchange-traded fund began trading on Tuesday Looking at the day ahead now, and data releases include the UK and Canadian CPI readings for September, alongside the German PPI reading for the same month. From central banks, the Fed will be releasing their Beige Book, and we’ll hear from the Fed’s Bostic, Kashkari, Evans, Bullard and Quarles, as well as the ECB’s Villeroy, Elderson, Holzmann and Visco. Finally, today’s earnings releases include Tesla, Verizon Communications, Abbott Laboratories, NextEra Energy and IBM. Market Snapshot S&P 500 futures little changed at 4,509.50 MXAP up 0.4% to 200.82 MXAPJ up 0.5% to 661.79 Nikkei up 0.1% to 29,255.55 Topix little changed at 2,027.67 Hang Seng Index up 1.4% to 26,136.02 Shanghai Composite down 0.2% to 3,587.00 Sensex down 0.6% to 61,343.39 Australia S&P/ASX 200 up 0.5% to 7,413.67 Kospi down 0.5% to 3,013.13 STOXX Europe 600 little changed at 468.88 German 10Y yield rose 8.5 bps to -0.115% Euro little changed at $1.1628 Brent Futures down 0.9% to $84.32/bbl Gold spot up 0.5% to $1,777.33 U.S. Dollar Index little changed at 93.80 Top Overnight News from Bloomberg Business Secretary Kwasi Kwarteng said there won’t be a fresh lockdown of the U.K. economy even as Covid-19 cases tick upwards and Prime Minister Boris Johnson warns of a difficult winter ahead The recovery in France and in Europe “remains very strong,” Bank of France Governor Francois Villeroy de Galhau says on Wednesday during a National Assembly finance committee hearing The yen’s tough year is only going to get tougher as a rising tide of oil prices and global yields threatens to send Japan’s currency past 115 per dollar for the first time since 2017 PBOC Deputy Governor Pan Gongsheng says financial activities by China’s property sector and financial market prices are gradually becoming normal, China Business News reports, citing a speech at a forum in Beijing Sinic Holdings Group Co. became the latest Chinese real estate firm to default as investors wait to see whether China Evergrande Group Inc. will meet overdue interest payments on dollar bonds this week A more detailed look at global markets from Newsquawk Asian equity markets traded mostly positive as the region took its cue from the extended gains on Wall Street where sentiment was underpinned amid encouraging earnings results and with some hopes for a breakthrough on reconciliation as the White House and Democrats continued deliberations. ASX 200 (+0.5%) was led higher by outperformance in tech and with nearly all of its sectors in the green, while there were also gains seen in some of the blue-chip miners and across the big four banks. Nikkei 225 (+0.1%) was lifted by the weaker currency and following better than expected Exports and Imports data, although the index stalled just shy of the 29.5k level, while KOSPI (-0.5%) failed to hold on to opening gains with confirmation from North Korea that it fired a new submarine launched ballistic missile on Tuesday. Hang Seng (+1.4%) and Shanghai Comp. (-0.1%) were varied whereby Hong Kong was boosted by tech and health care with Alibaba leading the advances after it recently unveiled China’s most advanced chip and with its founder Jack Ma travelling abroad for the first time in over a year who is currently on a study tour in Spain. Conversely, the mainland was subdued alongside weakness in domestic commodity prices and despite a firmer liquidity effort by the PBoC, while the central bank provided no surprises in maintaining its benchmark Loan Prime Rates unchanged for the 18th consecutive month and a PBoC-backed paper also noted that expectations for a RRR cut during Q4 have eased. Finally, 10yr JGBs were lower amid spillover selling from global peers and recent curve steepening in US which desks attributed to positioning and upcoming supply, although the downside for JGBs was limited by the presence of the BoJ in the market for nearly JPY 1.4tln of JGBs heavily concentrated in 1yr-10yr maturities. Top Asian News Abu Dhabi’s Top Fund Backs Indonesia’s Largest Internet Firm Singapore Category E COE Price Rises to Highest Since Oct. 2013 China’s Liu He Says Property Market Risks Are Controllable: 21st Rio’s New CEO Starts Turnaround With $7.5 Billion Climate Pledge It’s been a choppy start to the session for European equities (Euro Stoxx 50 flat; Stoxx 600 flat) as opening losses were quickly trimmed after the cash open. Stocks in Europe were unable to benefit from the constructive APAC handover, which itself benefitted from a strong Wall St close as stocks in the US gained for a fifth consecutive session. As it stands, US equity index futures are relatively flat as indices succumb to the choppy price action with events on Capitol Hill not providing much guidance for price action as lawmakers strive to reach a deal on spending by the end of the week. Back to Europe and sectoral performance is somewhat mixed with clear outperformance in the Food & Beverage sector as earnings from Swiss heavyweight Nestle (+3.2%) provides support and prompts upside in the SMI (+0.7%). Nestle reported a beat on 9M revenues and raised FY guidance amid performance of coffee and pet food sales, whilst noting that it increased pricing in a “responsible manner” during Q3. Elsewhere in Switzerland, Roche (-1.0%) also beat on revenues and raised guidance but was unable to benefit from a lift in its share price. To the downside, Basic Resources lag amid softness in some base metals prices as well as a production update from Antofagasta (-4.2%) and a broker downgrade for Rio Tinto (-4.0%). Retail names are also trading on a softer footing after Q3 earnings from Kering (-4.0%) saw the Co. report a decline in consolidated revenues and note that performance for Gucci was hit by a resurgence of COVID-19 cases in Asia. H&M (-2.7%) is also weighing on the sector after a broker downgrade at Morgan Stanley. Elsewhere, Deliveroo (+3%) is seeing upside today after the Co. upgraded Gross Transaction Value (GTV) growth guidance. Additionally, in what has been a tough week for the Co., IAG (-3.6%) is seeing further losses after being downgraded at Peel Hunt. Finally, updates from the likes of materials name Akzo Nobel (supply chain woes) and semiconductor ASML (revenues fell short of expectations) have sent their shares lower by 1.5% and 1.7% respectively. Top European News Weidmann to to Step Down as Bundesbank Chief at End of Year Credit Suisse Dodges Bigger Fine With Debt-Forgiveness Vow Vinci Up After Reporting Higher 9m Sales; Guidance Confirmed Covid Tests Boost Roche Growth Once Again, Lifting Outlook In FX, the Index has recovered from yesterday's decline, which saw a base at 93.500 – matching the 32.8% Fib retracement of the September move, with the Index now eyeing the 21 DMA at 93.917 ahead of 94.000. The main stateside development has been on the fiscal front, where President Biden told Democrat lawmakers he believed they could secure an agreement for a tax and spending proposal valued at USD 1.75tln-1.90tln, whilst US progressive Democratic Rep. Jayapal said she feels even more optimistic after the White House meeting. As Republicans fully opposed Biden's plans, all Democrat votes are needed in the Senate, whilst only a few can be spared in the House. As a reminder, Congress set an Oct 31st deadline for the passage. Negotiations are expected to wrap up as soon as this week. Ahead, the stateside docket is quiet aside from several Fed regulars after the European close. NZD, AUD, CAD - The Kiwi stands as the current outperformer in a continuation of the strength seen as bets mount for a steeper RBNZ OCR hike at the upcoming meeting in light of the CPI metrics earlier this week. The NZD/USD pair also sees some technical tailwinds after failing to convincingly breach 0.7150 to the downside overnight. AUD/USD meanwhile eyes 0.7500 to the upside from a 0.7466 base with some potential support seen as China taps into Aussie coal amid surging demand. USD/CAD dips below 1.2350 but remains within yesterday's 1.2309-76 range ahead of Canadian CPI later – with headline Y/Y expected to tick higher to 4.3% from 4.1%. EUR, GBP - Both flat vs the Dollar and against each other. Sterling saw some mild weakness as UK CPI narrowly missed expectations at 3.1% vs exp. 3.2% for the headline Y/Y, in turn prompting market pricing to ease a touch as the dust settled – with the implied rate for the 4th Nov meeting modestly under 25bps vs 25.71bps heading into the release. That being said, the slight miss is likely not to provide enough ammunition for the BoE doves, whilst the hawks will likely continue to warn the dangers of persistently high inflation – ultimately not settling the debate on the MPC regarding how soon it should raise rates. GBP/USD fell back under its 100 DMA (1.3805) from a 1.3814 high. From a technical standpoint, aside from yesterday's 1.3833 peak, the pair sees the 200 DMA at 1.3846. EUR/USD meanwhile rebounded off its 21 DMA (1.1615) but remains under 1.1669 high, having seen little reaction to the unrevised Y/Y final EZ CPI metrics, although the M/M metrics were revised slightly higher as expected. Elsewhere, it is worth noting that ECB-hawk Weidmann has submitted his resignation to the Bundesbank and the ECB ahead of next week's Governing Council confab. JPY - The JPY is relatively flat intraday, but overnight price action was interesting as USD/JPY drifted to a high of 114.69, with participants recently flagging barriers just ahead of 115.00. Some have also cited Gatobi demand, where accounts In commodities, WTI and Brent Dec futures are marginally softer on the day in a continuation of the downward trajectory during US hours yesterday. WTI has dipped below USD 82/bbl (vs high USD 82.60/bbl) while its Brent counterpart hovers around USD 84.50/bbl (vs high USD 85.20/bbl). The subdued prices come amid a larger-than-expected build in Private inventories, although the internals were bullish, with the DoEs headline expected to print a build of some 1.8mln bbls. Elsewhere, the Iraqi energy minister has been vocal throughout the session, saying he expects oil prices to reach USD 100/bbl in Q1 and Q2 2022 – in contrast to comments he made last week which suggested that oil price is unlikely to increase further; whilst he also recently noted oil prices between USD 75-80/bbl is a fair price for producers and consumers. The Iraqi minister today said it is preferable for long-term oil prices between USD 75-85/bbl, and OPEC+ is now discussing ways to balance oil prices but no decision has yet been made to add more production above the agreed levels. Elsewhere, following India’s call on OPEC yesterday to lower prices, India’s HPCL executive says current oil prices are high for India; USD 60-70/bbl is comfortable and high oil prices may impact demand growth. Over to metals spot gold resides around its 50 DMA at USD 1,778/oz while spot silver eyes USD 24/bbl to the upside. Overnight, China’s coal intervention saw prices slump – with thermal coal futures hitting limit down and coke futures opening lower by 9%. LME copper prices are also softer, with the contract briefly dipping under USD 10k/t overnight. US Event Calendar 7am: Oct. MBA Mortgage Applications, prior 0.2% Oct. 20-Oct. 22: Sept. Monthly Budget Statement, est. -$59b, prior -$124.6b 2pm: U.S. Federal Reserve Releases Beige Book DB's Jim Reid concludes the overnight wrap Whilst inflation concerns are still very much bubbling under the surface of markets, risk appetite strengthened further yesterday thanks in no small part to decent earnings reports. There are no signs of widespread erosions of margins at the moment. Perhaps there is so much money sloshing about that for now prices are broadly being passed on. We’ll get a better picture of this as the earnings season develops. Indeed, the selloff from September feels like an increasingly distant memory now, with the S&P 500 (+0.74%) advancing for a 5th consecutive session to leave the index just 0.38% beneath all-time closing high from early September. Earlier Europe’s STOXX 600 (+0.33%) also moved higher. In the US, earnings supported sentiment yet again. 10 of the 11 companies reporting during New York trading beating estimates, whilst all 4 of the after-hours reporting beat as well. That brings the total number of reporters for the season thus far to 57, 50 of whom have beat earnings expectations. Most sectors were higher yesterday, with health care (+1.31%), utilities (+1.26%), and energy (+1.14%) leading the way; only consumer discretionary (-0.29%) lagged. We even saw the FANG+ index (+1.56%) of megacap tech stocks hit a new record ahead of Tesla’s earnings today, whilst the NASDAQ (+0.72%) was also up for a 5th consecutive session. Equities may be brushing off the inflation stories for now but they are hardly going away, as yesterday saw oil prices climb to fresh multi-year highs. Brent Crude was up +0.89% to close above $85/bbl for the first time since 2018, whilst WTI (+0.63%) similarly advanced to close just shy of $83/bbl, a mark not reached since 2014. And investor expectations of future inflation are still moving higher in many places, with the Euro Area 5y5y forward inflation swap up +4.0bps to 1.90%, also the highest level since 2014. Against this backdrop, sovereign bonds continued to selloff on both sides of the Atlantic, even though investors slightly pared back some of their Monday bets on near-term rate hikes by the Fed and the BoE. 10yr yields moved higher across the board, with those on Treasuries up +3.7bps to 1.64%, their highest closing level since early June, just as those on bunds (+4.3bps), OATs (+4.3bps) and BTPs (+4.8bps) similarly moved higher. It was a more divergent picture at the 2yr horizon however, with those on 2yr Treasuries down -3.0bps after five days of increases, whereas those on gilts were up +1.0bps. Watch out for UK inflation numbers shortly after this hits your inboxes although this may be the calm (due to base effects) before the inflationary storm in the coming months. From central banks, we had the latest global hike yesterday in Hungary, where the base rate was raised by 15bps to 1.80%, in line with consensus expectations, with Deputy Governor Virag saying afterwards that this monetary tightening was set to carry on into next year. However, we did get some pushback to recent market pricing from ECB chief economist Lane, who said that “If you look at market pricing of the forward interest rate curve, I think it’s challenging to reconcile some of the market views with our pretty clear rate forward guidance”. This didn’t really hit fixed income but it did see the euro pare back some of its gains against the US dollar yesterday, ending the session up just +0.08%, down from an intraday high of +0.51%. Asian equities have followed those moves higher overnight, with the Hang Seng (+1.71%), Nikkei (+0.27%), CSI (+0.08%) and Shanghai Composite (+0.03%) all trading higher, although the KOSPI (-0.11%) has lost ground. China’s property market continues to be in focus after home prices fell -0.08% in September, which is their first monthly decline since April 2015. Separately, Chinese coal futures (-8.00%) have snapped a run of 8 consecutive gains this morning after the country’s National Development and Reform Commission said that it wanted to ensure a rise in coal output to 12m tons per day, and that they would also be looking at other measures to intervene in the market. Outside of Asia, equity futures are pointing slightly lower, with those on the S&P 500 down -0.03%. The pandemic hasn’t been a major influence on markets in recent weeks but there may be some initial signs that the global decline in cases that we’ve seen since late August has stopped. Looking at data from John Hopkins University, the rolling weekly change in confirmed cases has ticked up on each of Saturday, Sunday and Monday. And although we shouldn’t over-interpret a few days’ numbers, we had already seen the rate of decline slow for 3 successive weeks now, which was probably to be expected given the time of year. We’re certainly coming up to a key period where a more indoor northern hemisphere life will combine with waning vaccine effectiveness to test the resolve of the authorities to maintain relatively restriction-free economies. Boosters may be key here. Once we get past this winter things may get easier particularly with new medicines in the pipeline like the viral pill from Merck that trials showed reduced hospitalisations and deaths by around half. On the data front, US housing starts fell to an annualised rate of 1.555m in September (vs. 1.615m expected), whilst building permits also fell to an annualised rate of 1.589m (vs. 1.680m expected). The previous month’s numbers were also revised down for both. Finally in the US, after an acrimonious weekend, Senators Sanders and Manchin expressed optimism they could agree on a framework for the next reconciliation bill by the end of the week in bilateral negotiations, which is set to contain a number of President Biden’s key legislative goals. To the day ahead now, and data releases include the UK and Canadian CPI readings for September, alongside the German PPI reading for the same month. From central banks, the Fed will be releasing their Beige Book, and we’ll hear from the Fed’s Bostic, Kashkari, Evans, Bullard and Quarles, as well as the ECB’s Villeroy, Elderson, Holzmann and Visco. Finally, today’s earnings releases include Tesla, Verizon Communications, Abbott Laboratories, NextEra Energy and IBM. Tyler Durden Wed, 10/20/2021 - 07:59.....»»

Category: smallbizSource: nytOct 20th, 2021

How a 25-year-old quit engineering to start a financial blog, and built a $169,000 portfolio

Dominik Wenzelburger quit his job as an engineer to become a self-employed financial blogger - his portfolio is now worth $169,000. Dominik Wenzelburger runs the financial blog depotstudent.de. Dominik Wenzelburger Dominik Wenzelburger quit his job as an engineer to become a self-employed financial blogger. Wenzelburger uses his blog to evaluate financial products. He earns around $70,900 per year. He started his blog after his bank asked to talk to him about investing and he chose to go it alone. See more stories on Insider's business page. Dominik Wenzelburger is still grateful to his savings bank today but not for the reason you might expect.During his studies and work placement in industrial engineering, Wenzelburger earned around $1,500 gross per month. He was still living at home at the time and was able to save a few thousand euros.He had nothing to do with shares and the stock market at that stage, his savings bank called him and invited him in for a chat to introduce their products."Typical savings bank funds with high running costs," Wenzelburger told Insider. "I then decided to do a deep dive into the topic to see whether it would work for me."His decision was sobering for the savings bank - he didn't like their products and decided to invest on his own. In May 2017, he invested a few thousand euros in the well-known ETF MSCI World for the first time. This is how his passion for finance began.Since then, he has become more and more involved with shares, the stock market, and saving and came up with the idea of starting a blog in February 2018.Initially, his parents weren't keenHe had always wanted to develop something of his own alongside his studies and, since he'd been dealing with finances at the time, he found it exciting to write about it.Wenzelburger now tests and evaluates financial products on his blog, depotstudent.de. He explained that the main business model he's focused on is getting paid for opening a portfolio."People come to my site, see how I invest my money, which financial products I recommend, and then open a portfolio."He then gets around $60 from the brokers for opening a securities account - a decent source of extra income. After completing his studies, Wenzelburger started working at the automotive supplier Elring Klinger near Stuttgart in October 2018.He worked there during his time at university, in the battery storage division in requirements management. When a customer wanted to buy a battery storage system, Wenzelburger explained the requirements, such as how the product should look and be installed.Wenzelburger was the middleman between the customer and the development department."A common job for industrial engineers," he said. What he liked about the job was that he had a lot of freedom. "We didn't have rigid hierarchies. It was fun to work on several large projects."What he didn't enjoy so much, however, was the feeling that he wasn't always directly rewarded for his own performance."If I work a lot as a self-employed person and my business model works, I get something directly from my success," he said. He explained that he feels much more motivated when he works for himself.And so, after two and a half years as an employee, he decided to quit his job and run the blog full-time. In the beginning, his family "couldn't believe it.""My parents weren't keen on the idea at first," Wenzelburger explained. "I also don't know what I would have said if my son had given up a secure job in engineering to become a financial blogger." His parents didn't quite understand that there was a business model behind it."My mother said if I enjoy it and if I can earn enough money with it, I should do it. But now my father also thinks it's cool," Wenzelburger said.His job offers him good pay and more freedomWenzelburger has been self-employed with his blog for half a year now and makes a decent living from it. He earns $6,000 (€5000) gross per month, exactly the same salary he earned as an industrial engineer."But the trend is currently on an upswing," he warned. On average, around 100,000 users per month land on his blog.The business is running so successfully that Wenzelburger no longer has to write everything himself, but pays other financial experts to produce articles for his blog. He works around 45 hours a week.He also can't just go on vacation though. "I don't go on holiday without my laptop," Wenzelburger says. "When I'm on vacation, I check in once a day to see if I have received any important emails or if anything was wrong with the blog."But he thinks that looking at everything for 20 minutes every day is a "relatively small price to pay.""I am free and work very flexibly," he said.Wenzelburger never studied finance or worked in a bankWenzelburger has neither studied finance nor worked in a bank or investment company, so it's puzzling that he has considerable expertise in evaluating and analyzing products. An essential step was testing the financial advice in banks and with marketing structures."That's how a whole lot of information from different sources comes together, which educates you further," he said. In addition, he compares the advisory interviews with figures from the specialist literature and discloses the analyses and comparisons on the blog."My approach is, if you have a lot of different sources of information and include them all, you get as close to the truth as possible." He invests $1,770 in shares every month."I always have to be open and see if there are any better opportunities that would be more suitable in this situation," he said. "I think that's another advantage to being a blogger since I also represent myself."He sees no conflict of interest for himself because he also puts into practice what he recommends to readers. "There are many financial products where the commission would be higher, but I don't promote those in the same way I do with ETF products, for example. That's why I write about them a lot."Wenzelburger's own portfolio is structured classically: 67% of his invested money is in the MSCI World, 20% in the MSCI Emerging Markets, and 13% in a dividend ETF.Wenzelburger's portfolio is worth around $170,000His entire portfolio is currently worth around $169,000 (€143,000). He invests $1,770 (€1,500) a month. Currently, the blogger invests the entire savings amount in his dividend ETF, the Vanguard High Dividend ETF. This ETF invests specifically in large and medium-sized companies worldwide that have an above-average dividend yield."I enjoy receiving regular dividend payments on a day-to-day basis," he said. "It motivates me to keep at it and it's fun to see when I get 100 or more euros every month."Wenzelburger wants to continue building up this position while leaving his shares in the other two ETFs to grow with the annual return. Of his total trading account, around $113,000 (€96,000) are in the MSCI World and $33,800 (€28,600) in the MSCI Emerging Markets."The enormous sum in the trading account sometimes amazes me," Wenzelburger said. "But you have to keep in mind: With a savings rate of $1,770 (€1,500) per month over four years, that's $85,000 (€72,000) at the end. If the stock market plays along during this period, the portfolio can quickly approach six figures."In addition, the entrepreneur was able to invest a "really big amount" - almost 40,000 - as a one-off in 2020, as he had double earnings that year, with his blog and his job at the car company."That gave the account another boost," he said.There are three keys to building a portfolioIn addition, he didn't have to move for his studies and didn't have to pay rent, so he had such a large amount to transfer because of his savings and regular salary.According to Wenzelburger, three things are crucial when building up a portfolio: earning money, savings rates, and continuity."I have always earned money somehow - whether as a holiday worker, as a working student, as an employee or as a blogger - and sometimes had several sources of income at the same time," he explains. In addition, low living costs make it "extremely easy" to build up a portfolio.He lives with his girlfriend in an 80-square-meter flat near Stuttgart, his share of the rent is $590 (€500).He estimates his total monthly expenses, including rent, at around $1,770 (€1500), which is what's remaining after he's put the rest into his portfolio. This includes all costs, from food to holidays.He already knows what he wants to achieve: "I just want to make a cool blog and earn at least $118,000 (€100,000) a year with it in the next few years."He can't imagine returning to full-time employment for the time being - with such a buffer, he probably doesn't need to either.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 4th, 2021

Meet the entrepreneur planning to build the "McDonald"s" of plant-based burgers

Steele Smiley has 20 years of experience in the wellness industry. His latest act: tapping into the millennial and Gen Z plant-based food market. Steele Smiley, founder of fast casual restaurants Crisp & Green and Stalk & Spade. Crisp & Green Entrepreneur Steele Smiley aims to build America's first plant-based burger chain, Stalk & Spade. Along with his other fast-casual restaurant, Crisp & Green, Smiley is tapping into a healthy eating market dominated by millennials and Gen Z. He spoke with Insider about how the pandemic has shifted people's mindset toward wellness. See more stories on Insider's business page. Steele Smiley will be the first to tell you he runs his life like he's in the military.That involves 20 workouts a week, three times a day: Running in the morning, a yoga or boxing class during the day, and lifting weights at night. Since that doesn't seem to satisfy all his energy, Smiley also juggles two Minnesota-based fast-casual restaurants. In 2016, he opened Stalk & Spade, which serves up salads, grain bowls, smoothies, and free workout classes. Five years later (in the midst of the pandemic) he launched Crisp & Green with a plant-based-only menu. He's expanded both brands in the south and Midwest, bucking conventional health hubs like LA and NYC in favor of an edge in less competitive markets."We intend to become the first franchisable plant-based burger chain in the country," Smiley told Insider, billing it as the plant-based version of McDonald's.It's a bold statement, but the 43-year-old serial entrepreneur has 20 years in the fitness industry under his belt. While he declined to share revenue numbers, analytics verified by Insider showed that Crisp & Green digital orders increased from 9% of its total orders in January 2020 to more than 70% in April when the pandemic hit, where they've stayed ever since. Stalk & Spade launched in May. Stalk & Spade In 2021 alone, Crisp & Green expanded from five states to 12, with several locations in the Sun Belt, an area seeing explosive growth before and during the pandemic. Smiley said the chain is nearing 100 stores in 14 states, with new locations opening every 6.8 days. Overall, however, the restaurant scene has been struggling. Last August, before widespread vaccination, the fast casual space was down 12%, according to figures from foodservice data platform Technomic. While consumer spending in restaurants rose this year compared to last, recovery hasn't yet snapped back to pre-pandemic traffic levels. Restaurants are still contending with issues like labor shortages and shorter hours.Still, the wellness economy is worth $1.5 trillion, according to McKinsey, and Smiley is betting he can tap into that, especially since the pandemic has prompted many people to adopt a healthier lifestyle. Plant-based diets, which nearly 10 million Americans follow, are gaining traction. The market is growing, expected to exceed $74 billion by 2021."The next evolution of healthy eating is plant-based eating," Smiley said. "Within a decade, people will choose the plant-based alternatives of the traditional meat they eat today."Move over, SweetgreenSmiley had just $765 in his bank account when he kicked off his career in 2004 with his boutique studio STEELE Fitness. In 2013, he had just landed a major partnership with Under Armour when he sold his business to international wellness company Lift Brands Global. He joined the parent company as a senior executive.He launched Crisp & Green in November 2016, which he juggled while working for Lift Brands for five months before going full-time. "I would work during the day at my first big business, and at night I would put on a Crisp & Green t-shirt and work at my restaurant," Smiley said.Smiley said he'd always wanted to launch multiple businesses in multiple industries. Evolving his career from fitness to healthy eating was only a natural next step."The opportunity that I felt was staring me in the face was food," he said. "In fitness, I taught people that the hour you work out can only be so impactful. The other 23 hours of a day, you can help people understand how to make the right food choices." Crisp & Green offers free fitness classes in addition to its salad and smoothie menu. Crisp & Green Those who perhaps best understood this pre-pandemic were young, healthy women, whom Steele would often see walking through Crisp & Green's doors.His brands certainly have Gen Z and millennial written all over them. The two generations helped grow the global healthy eating and nutrition economy to $704 billion and are leading the way in plant-based eating. Millennials, dubbed "the wellness generation," are especially more health-conscious and more willing to spend on healthy food and fitness than their parents.For them, investing in green juices and $30 spin classes is a discreet status symbol, a way to convey they care about their health and have the money to do it properly.Smiley made sure Crisp & Green checked all the boxes for this demographic: healthy, digitally accessible, deliverable, and Instagrammable. "It made people say I want to live a more aspirational life," he said. A post shared by C&G • Healthy & Scratch-Made! (@crispandgreen) It's this combination that Smiley believes enabled the restaurant to gain steam during the pandemic, which in turn led to his confidence in launching another venture."I figured why stop with just one that was working?" he said. And so Stalk & Spade was born.The plant-based way of the futureAfter his pandemic success, Smiley said he saw an opportunity to prepare for a post-vaccine economic reopening by giving Americans what he thought they'd need after a health-related recession and a social recession: healthier food and an opportunity to get out of the house.But he recognized that bringing yet another concept into the increasingly saturated wellness sector - especially during a pandemic that saw a declining footprint in the fast casual industry - meant that he'd be facing a tough road. He knew he needed to look toward the future - and what he saw were plants. A post shared by STALK & SPADE (@stalkandspade) He said he and his team worked on building Stalk & Spade's plant-based menu from scratch until taste testers couldn't discern the difference between a real burger and a plant-based one.The pandemic pushed healthy eating 10 years into the future, he said. It dramatically expanded his demographic from mostly young adults to nearly everyone.When asked who his clientele is now, Smiley said with a laugh, "humans." After all, "everyone wants to live a better life."Nutrition has taken on new importance, per a McKinsey survey, as people now want food that will help them accomplish wellness goals while tasting good. Millennials and Gen Z are even more willing to invest in health and wellness post-pandemic, with 60% believing that taking care of one's health will be the pandemic's most important societal change. With a modern, minimalist design, even Stalk & Spade's interior is Instagrammable. Stalk & Spade The mental shift has sparked the rise of a high-performance lifestyle, in which people are increasingly letting wearables and apps track their health and make lifestyle choices for them. That includes Smiley himself, who monitors his sleep with wearables. The healthier life people are now turning to is the life Smiley has been living this whole time, which could prove to be the key to growing his brands.By the end of the year, he said, Crisp & Green will have 25 locations with another 60 in the pipeline. Stalk & Spade is set to open up its second Minnesota location in early 2022.Smiley believes the time is now for plant-based eating to go from a niche audience to a more mainstream one. "We fed into the trends of healthy eating," he said of the plant-based market. "It's an opportunity for an entire new genre to start."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 25th, 2021

The 4 best resistance bands for building strength and muscle rehabilitation

Whether you're building muscle or rehabbing an injury, these are our top tested picks for resistance bands with handles, resistance loop bands & more. Prices are accurate at the time of publication. Resistance bands are as effective as free weights at building muscle and strength. The best resistance bands won't snap, roll, or irritate your skin, and come as a set for more choices. Our top pick, TheraBands, are latex-free, highly versatile, and won't snap over time. Resistance bands are an incredibly diverse and affordable addition to your home gym set-up. They can be used therapeutically for muscle rehab and stability training, or in lieu of dumbbells for serious strength building."There are literally thousands of exercises you can do with a resistance band, with the band placed in numerous patterns around the body," Keaton Ray, PT, DPT, CSCS, physical therapist and co-founder of MovementX, Inc in Portland, OR tells Insider. As a certified barre and mat pilates instructor myself, I've tested a lot of resistance bands to help challenge and build muscle. And studies show they really do work for building strength and mass (more in that in our FAQ section, below). Different types play toward specific goals and movements — looped bands and fabric bands provide resistance for more restrictive movements (clam shells, glute bridges), while the more versatile resistance bands with handles rival the work dumbbells do for compound movements (bicep curls, rows, lunges). We also prefer a resistance band set for more versatility.At the end of this guide, I lay out what types of resistance bands there are, how to use resistance bands, and everything you should consider when buying one. Until then, here are our top picks among the many resistance bands I've tested.The best resistance bands:Best resistance bands overall: TheraBandBest resistance loop bands: Fluidity Best fabric resistance band: Sweat The TechniqueBest resistance bands with handles: SPRI Total Body Resistance KitBest resistance bands overallTheraBand resistance band set is ideal for both rehabilitation and strength building.KBYC photography/ShutterstockTheraBand Non-Latex Resistance Bands are super versatile for both therapeutic use as well as strength training, and they're thin and lightweight enough to take anywhere.Pros: Latex-free, lightweight, extremely versatile in function, inexpensive, resistance band setCons: Not super heavy resistanceTheraBands were my first experience with resistance bands and I've never looked back. Incredibly thin and lightweight while somehow maintaining their strength and durability, this resistance band set does an excellent job helping you develop muscle strength.I've used them around my thighs during squats and between my arms while working my triceps, but the possibilities (and potential muscle groups) are virtually endless.Rather than being permanently looped, TheraBands are one straight piece of latex-free rubber, which makes them highly versatile. You can still tie the band together to make it a looped band, or grip it or wrap it around your hands to use it like a resistance band with handles. There are also eight levels of resistance to choose from, and this set comes with the three mid-level weights, which offers you a range of lighter therapeutic work to strength building. Whether you're making your barre workout just a bit harder or using them for some quick HIIT moves, TheraBands do the trick. That said, if you're looking for serious resistance, you may need something a bit heftier.They're also highly durable — while they look as though they'll snap at any moment, I've had mine for years and they're only just starting to show small tears. My old gym also used these, and despite constant usage by hundreds of clients, the TheraBands withstood the test. They're also latex-free, which is great for folks with allergies or sensitivities. They're highly portable and fit in a small, included carrying case, making them great for travel. --Lulu Chang$17.39 FROM AMAZON$17.39 FROM WALMARTBest resistance loop bandsFluidity resistance loop bands are ideal for short ranges of motion.FluidityFluidity bands are durably looped for building strength on small range-of-motion movements, and made with natural latex, which is gentle on the skin and eco-friendly.Pros: Eco-friendly, non-toxic, durableCons: Individually sold, only three levels of resistance available, no travel bagResistance loop bands are ideal to provide strength-building or rehabilitation-level resistance on smaller ranges of motion, like looping them around your quads to build strength during clamshells or during squats to keep your knees tracking outward. They're also a great addition to your warm-up routine as they help provide low-weight activation to your muscles during moves like with lat pulls and crab walks.Fluidity resistance loop bands are one of the most durable resistance bands I've found. They're made of 100% natural rubber latex, which is a non-toxic and eco-friendly material. As a certified Barre instructor, I have encountered several scenarios where students reacted to the synthetic latex in most bands, but natural latex is much more sensitive on the skin. The bands are also 60 inches by 6 inches, which makes it a great option for any rehab or stretching exercises you may want to perform. These resistance loop bands are sold individually and you have three resistance levels to choose from. This is nice if you have a separate pack you're looking for a single addition to, but I do wish Fluidity sold a pack of all three for more versatile use. That being said, the resistance levels are well-balanced; when I tested this out on the lightest Fluidity flat band, I estimated the resistance to be anywhere between 8-10lbs. $12.00 FROM FLUIDITYBest fabric resistance bandsSweat The Technique makes durable, reliable fabric resistance bands great for glute exercises.Sweat The TechniqueThe Sweat The Technique Ultimate Booty Band Set is made of fabric so they won't stretch over time and fit a wide range of body sizes, and I loved the strength of these bands and the fun colors.Pros: Washable, durable, fit a range of bodies, resistance band setCons: Limited range of motion making them not ideal for all workouts, contain latex, no washing/care instructionsFabric resistance bands are great as they take much longer to stretch out over time compared to rubber bands, and they won't snap in half. Fabric resistance bands are also washable so they're easy to clean, they don't curl up like rubber resistance bands, and they fit a wide range of body types comfortably.Since fabric bands are stronger than latex bands, they also offer more resistance. That means they're less ideal for warm-ups or therapeutic use, but they're an excellent option for shorter ranges of movement like squats or hydrants. I like Sweat The Technique's fabric bands in particular because, for starters, they're a female- and Black-owned company. What's more, when I tested these over bare legs and over workout pants, I was pleasantly surprised the bands didn't move at all during the workout. Unlike with other bands, I didn't have to fidget with or adjust them. But made from a spandex, polyester and latex blend, they still have enough give to make them easy to get on and off.You can buy just a single band or a full resistance band set. I like the Ultimate Booty Band Set, which comes with a medium and heavy option in a sleek travel bag; however, I do wish this set came with a light and an extra heavy option to better accommodate progression over time. The brand does offer the Long Power Band Set, which has more resistance options. However, these are longer and more ideal for stretching, powerlifting, or pull-ups, and less ideal for glute work, which is what most people want a highly-resistant fabric band for.  Best resistance bands with handlesSPRI Total Body is one of our favorite resistance band sets and the best resistance bands with handles we’ve found.SPRIThe SPRI Total Body Resistance Kit comes with five levels of resistance up to ultra heavy, and includes accessories like ankle straps and door attachments, making it an incredible value for about the price of a single dumbbell.Pros: Super versatile, comes with multiple attachments, durable productCons: Handled resistance bands can be a bit confusing if you are a beginner Working out with resistance bands can build similar strength gains to resistance training with free weights, reports a 2019 study in SAGE Open Medicine The SPRI Total Resistance Band Kit includes five bands that range from very light to ultra heavy. I found this spectrum to be incredibly diverse and helpful when I used them to workout, and a great deal for the price. The set also comes with two handles, one ankle strap, and one door attachment, adding to the diversity of what moves you can do with this equipment.Obviously, it can be a little annoying to stop the flow of your workout to swap the handles onto a new resistance band, so you do have to be a little more strategic about pairing exercises that require similar weights. But considering all this kit comes with, it has great value. That's especially true if you want to add some strength training to your current workout regime but don't want to invest in a pricey set of dumbbells.$29.98 FROM SPRI$29.98 FROM AMAZONWhat else we consideredAlyssa Powell/Business InsiderWhat else we recommendPure Energy Fitness Kit ($68): Although I did like this kit, it was too expensive for me to recommend to the average reader. However, it does come with ankle weights (which probably contributes to the higher price), and it's made with natural latex and free of other problematic materials like PVC, BPA, and lead phthalates. What we don't recommendGymbandit ($14): I love the colors of these bands and the variety of resistance strengths, but they curled up during my workouts and the lighter resistance bands started to tear after a few sessions with clients.How I testedAs a certified barre and mat pilates instructor, I tested out several resistance bands during my weekly barre and workout sessions with clients. I also incorporated these bands into my own at home workouts. Specifically, I looked at: Durability of the band: The best resistance band won't snap or tear with time and will offer the same amount of resistance, use after use. Scalability with your training: A resistance band set should progress with you and your workouts, so it's smart to look for bands that offer a variety of resistance levels. Comfort during a workout: A lot of flimsy resistance bands will curl around your legs or ankles during a workout, which can be annoying. I prioritize bands that stayed flat and in place, and those that didn't irritate my skin or rubbed against it too much with movement.Affordability: At the end of the day, we're looking to make an investment and to avoid having to replace bands several times during the year.What to look for in a resistance band setWhen shopping for bands you are going to have a couple of options depending on the style of workout you are looking to perform. You will first need to consider if you want a latex or fabric band, these options typically come as a loop band. Latex bands can be beneficial if you are looking to perform a variety of moves because they are less restrictive. You can get a wider range of motion with these bands. For example tricep extensions should be performed with a latex band instead of a fabric band. If you are looking to do shorter ranges of motion like squats or squat tap outs a loop band is more ideal. Another thing to consider is if you prefer bands with interchangeable handles or fixed handles. Interchangeable handles allow you to change the resistance so you can tack on additional weight either by adding more resistance or switching your handles to a band that offers more resistance. Bands with interchangeable handles can become complicated especially when you are crunched for time and looking to squeeze a quick workout. If more time permits this is an excellent option for adding to your cardio routine or working out at home. Bands with handles also allow you to mimic some moves that are performed on weight machines at the gym like a lat pull down.Take into consideration the level of resistance for either rehabilitation, muscle activation, or strength building. Rehabilitation centers around stability training. For this, you want bands that are light enough, don't cause any pain, and let you control your movement, Dr. Ray explains. If a band provides too much resistance, you won't be able to achieve a full range of motion in the exercise you are performing, she adds.If you're looking to build mass or strength though, you'll want heavier resistance and a few different options so you can progress resistance levels. While going too heavy too soon can cause injuries and muscle imbalances, not using enough resistance also won't build muscle effectively. For weightlifters, Dr. Ray suggests incorporating light-to-medium bands into your warm up and cool down. This will help to activate stabilizing muscles which in return will provide a safer and more productive weightlifting session. The thickness of a band is also an important consideration especially if you are looking to build strength in your workout routine. I have noticed the thicker the band, the higher the resistance. I have also discovered that many bands that are marketed as heavy or extra heavy are actually not very thick, and that nearly always translates to poorer resistance. Lastly, is the price point. If you are looking to stay within a specific price range, opting for a single durable band with more versatility (like a band with handles or a flat band) might be a better choice in comparison to one single loop band. FAQsDo resistance bands really work?Yes, resistance bands work to both build strength back slowly after an injury, and, for weight lifters, to build strength as effectively as dumbbells. Dr. Ray adds resistance bands help add load to movements (aka, weight beyond just body weight), which research shows helps build muscle. "For example, a squat with a theraband around your knees is much more effective at building muscle and stability than a side-lying clamshell or leg lift," she explains.Dr. Ray also points out that because resistance bands are so low impact, they're a great way to start strength training for the first time. This is also what makes them ideal for rehabilitating from an injury or specifically targeting deep stabilizing muscles on a recovery day. Of course, for the most well-rounded functional fitness, you want to challenge your muscles in different ways, so you should also use dumbbells, kettlebells, barbells, to build strength in addition to band exercises. What types of resistance bands are there?There are several types of resistance bands that include:Figure 8 bands: Ideal for strengthening your arms, chest, shoulders, and back with either single arm and double arm workouts. It can also be used for a total body workout as well as focusing on your lower body with leg and glute exercises. Loop bands: These bands are great for activating muscle groups which help to improve muscle balance, control, and stability by simply waking up under-active muscles. Therapy bands: Therapy bands are good for rehabilitating muscles and offering a lighter resistance when dealing with an injury. Mini Resistance bands: These are smaller loop bands ideal for traveling, keeping in your gym or a set at the office. Also a great option for those that like to workout when far away from home. Ring bands: Can be used for stretching and/or intensifying a workout by utilizing the rings in the band. Lateral bands: Padded ankle cuffs connected to a resistance tube provides additional resistance when doing lateral conditioning exercises. Fabric bands: These bands are made from fabric and often include a strip of non-slip material which helps keep them in place. Excellent for short ranges of movement.Pull up bands: This type of band can help you achieve a pull-up. How do beginners use resistance bands?Resistance bands are ideal for building strength in beginners to resistance training since they tend to be much safer than free weights. Start by using a lighter band and work your way up to heavier resistances over time. If the resistance starts to get too comfortable, it's time to increase the resistance. Aim to switch your bands every month or sooner. As your strength increases, opt for a heavier band or add more repetitions to an exercise. Dr. Ray suggests starting with 3 sets of 10 repetitions of any exercise. If these are too hard, you need a lighter resistance band. If they're easy, grab a heavier one.A few moves you can try to get you started include a high plank with leg lift (modification come down to your knees and perform the leg lift one side at a time), modified side plank with leg lifts and fire hydrants. Where should resistance bands be placed? This depends on what muscle groups you are working. If you want to target your glutes, for example, place the band around your legs just above your knees; then, perform squats or lateral tap outs. This helps provide control and resistance when you lower into the squat. You can also loop the bands around your forearms or above your elbows to provide resistance to your upper body, or around your ankles for lower body exercises."You can get creative with where you place the band on your body, or you can anchor it to the wall," Dr. Ray adds. Looping a band around an anchored bar or handle, like a door handle at home or a squat rig at the gym, is another way to provide resistance.Are resistance bands good for therapy?One of the most common use for resistance bands is for rehabilitation or muscle therapy. During rehab, you need to start contracting muscle tissue and moving your joints through gentle ranges of motion. This helps to lower inflammation, increase blood flow, and stimulate healing, Dr. Ray explains.Light resistance bands are very helpful here, since they're very gentle on your body but allow your muscle fubers to work against gentle force and begin the slow process of regrowing muscle fibers.By the end stage of tissue recovery, you'll start to progress away from resistance bands and begin loading tissues with heavier weights that more closely mimic activities such as carrying heavy groceries or lifting your children. This should always be done under the direction of a physical therapist so you don't damage your tissue, muscles, and joints further.How often should you use resistance bands? Use resistance bands at the same frequency you would dumbbells or any other form of weight. Like with any workout, it's a good idea to allow your body to rest in between each session if you are working the entire body.Another option is alternating between the upper and lower body a few times a week. This allows the muscle fibers to rebuild and become stronger without causing harm. Read the original article on Business Insider.....»»

Category: smallbizSource: nytDec 3rd, 2021

Kroger Reports Third Quarter 2021 Results and Raises Full-Year Guidance

CINCINNATI, Dec. 2, 2021 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today reported its third quarter 2021 results and will update investors on how key initiatives are positioning the company for long-term sustainable growth. Comments from Chairman and CEO Rodney McMullen   "Kroger's strategy to lead with fresh and accelerate with digital continues to connect with our customers. Our agility, and the commitment from our amazing associates, is allowing us to navigate current labor and supply chain conditions and provide the freshest food at affordable prices across our store and digital ecosystem. "Our focus on execution, combined with our continued discipline in balancing investments in our associates and customers with exceptional cost management, and growth in our alternative profit business allowed us to exceed internal expectations and deliver strong sales and earnings growth. "Across all aspects of our business, we are innovating and executing with speed against the key initiatives that are transforming our business. Kroger is in a position of strength. We are committed to delivering for our associates, customers, and communities, and we remain confident in our ability to deliver total shareholder returns of 8% to 11% over time." Third Quarter Financial Results 3Q21 ($ in millions; except EPS) 3Q20 ($ in millions; except EPS) ID Sales* (Table 4) 3.1% 10.9% EPS $0.64 $0.80 Adjusted EPS (Table 6) $0.78 $0.71 Operating Profit $868 $792 Adjusted FIFO Operating Profit (Table 7) $974 $871 FIFO Gross Margin Rate* Decreased 41 basis points OG&A Rate* Decreased 49 basis points *without fuel and adjustment items, if applicable Third Quarter Results versus Two Years Ago 3Q21 ($ in millions; except EPS) ID Sales Two Year Stacked* (Table 8) 14.0% EPS Two Year CAGR (Table 8) 41.4% Adjusted EPS Two Year CAGR (Table 8) 28.8% Operating Profit Two Year CAGR (Table 8) 84.9% Adjusted FIFO Operating Profit Two Year CAGR (Table 8) 22.1% FIFO Gross Margin Rate Compared to Q3 2019* Decreased 43 basis points OG&A Rate Compared to Q3 2019* Decreased 79 basis points *without fuel and adjustment items, if applicable Total company sales were $31.9 billion in the third quarter, compared to $29.7 billion for the same period last year. Excluding fuel, sales increased 2.9% compared to the same period last year. Gross margin was 21.66% of sales for the third quarter. The FIFO gross margin rate, excluding fuel, decreased 41 basis points compared to the same period last year. This decrease primarily related to higher supply chain costs and continued price investments partially offset by sourcing benefits.   The LIFO charge for the third quarter was $93 million, compared to $23 million for the same period last year. This increase was primarily attributable to higher inflation across several categories, including grocery and meat. The Operating, General & Administrative rate decreased 49 basis points, excluding fuel and adjustment items, which reflects sales leverage and the execution of cost savings initiatives. Kroger recorded a nonrecurring benefit of $47 million, or $0.07 per diluted share, primarily due to the favorable outcome of income tax audit examinations covering multiple years. This amount is excluded from the company's adjusted net earnings per diluted share result for the third quarter. The income tax rate for the third quarter was 13.8%, compared to 24.2% for the same period last year. Capital Allocation Strategy Kroger continues to generate strong free cash flow and remains committed to investing in the business to drive long-term sustainable net earnings growth, maintaining its current investment grade debt rating, and returning excess free cash flow to shareholders via share repurchase and a growing dividend over time. Kroger's net total debt to adjusted EBITDA ratio is 1.68, compared to 1.74 a year ago (Table 5). The company's net total debt to adjusted EBITDA ratio target range is 2.30 to 2.50. During the quarter, Kroger repurchased $297 million of shares and year-to-date, has repurchased $1 billion of shares. As of the end of the third quarter, $511 million remains on the board authorization announced on June 17, 2021.   2021 Guidance Comments from CFO Gary Millerchip   "Driven by the momentum in our third quarter results and sustained food at home trends, we are raising our full-year guidance. We now expect our two-year identical sales stack to be in the range of 13.7% to 13.9%. We expect our adjusted net earnings per diluted share to be in the range of $3.40 to $3.50.   "Kroger is executing against its key financial and operational initiatives and continues to invest in strategic priorities that will drive attractive and sustainable total shareholder returns. We believe our business is emerging stronger through the pandemic and is well positioned to grow beyond 2021." Full Year 2021 Guidance IDs (%) EPS ($) Operating Profit ($B) Tax Rate** Cap Ex ($B) Free Cash Flow ($B)**** Adjusted* (0.4%) - (0.2%) $3.40 - $3.50 $4.1 - $4.2 22.1% - 22.5% $3.1 - $3.3 $2.4 - $2.6 2-Year Basis*** 13.7% - 13.9% (Stack) 25% - 26% (CAGR) 17.0% - 18.4% (CAGR) $3.3 - $3.4 (Average) * Without adjusted items, if applicable; Identical sales is without fuel; Operating profit represents FIFO Operating Profit. Kroger is unable to provide a full reconciliation of the GAAP and non-GAAP measures used in 2021 guidance without unreasonable effort because it is not possible to predict certain of our adjustment items with a reasonable degree of certainty. This information is dependent upon future events and may be outside of our control and its unavailability could have a significant impact on 2021 GAAP financial results. ** This rate reflects typical tax adjustments and does not reflect changes to the rate from the completion of income tax audit examinations or changes in tax laws, which cannot be predicted. Accordingly, this does not reflect the effect of the $47 million benefit recognized in the third quarter of 2021. *** Identical sales, without fuel, guidance for 2-year basis represents the sum of actual 2020 identical sales percentage and 2021 identical sales rate guidance. The 2-year basis guidance items denoted with CAGR represent the compounded annual growth rate utilizing 2019 as the base year. Average free cash flow is the average of actual 2020 free cash flow and 2021 guidance. **** 2021 free cash flow guidance includes a $300M payment of deferred payroll taxes. This excludes planned payments related to the restructuring of multi-employer pension plans. Third Quarter 2021 Highlights Leading with Fresh Surpassed $1 billion in annualized sales for Home Chef, becoming the newest Our Brands billion dollar brand in Kroger's portfolio Our Brands launched 216 new items during the quarter with plans to launch several innovative and unique products focused on helping customers enjoy the holiday season like Private Selection Holiday Trail Mix and Simple Truth Cranberry Pistachio Bread Expanded launch of our End-to-End Fresh program to over 50 additional stores Announced plans with Kipster Farms, the award-winning system founded in The Netherlands, to bring the world's first carbon-neutral, cage-free eggs to retail shelves under Simple Truth® brand Accelerating with Digital Launched Kroger Delivery Now nationwide with Instacart to provide 30-minute delivery, enabled by first-of-its-kind virtual convenience store shopping experience Introduced Boost by Kroger Plus, an annual membership program that provides customers free delivery and additional fuel points on purchases in four divisions Shared plans for five new customer fulfillment centers powered by the Ocado Group including expansions in California and Florida and entrance for the first time into the Northeast region Announced collaboration with Bed Bath & Beyond and buybuy Baby on a national e-commerce experience via Kroger.com and a small-scale physical store pilot to expand home and baby product offerings Kroger Precision Marketing launched a new programmatic advertising marketplace   allowing agencies and brands to reach consumers by applying Kroger customer data to campaigns within their preferred ad-buying platform Associate Experience Increased Kroger Family of Companies' average hourly wage to greater than $16 and with comprehensive benefits, will be greater than $21 by the end of 2021 Received two Brandon Hall Group - Excellence in Human Capital Management Awards, including Gold recognition for Leading through a Crisis during the COVID-19 pandemic and Silver recognition for A Fresh Welcome, organization's new and innovative onboarding program, which launched in 2020 Held nationwide hiring event with more than 20,000 opportunities in retail, e-commerce, manufacturing, merchandising, corporate, healthcare and more Live Our Purpose Kroger Health partnered with Anthem Blue Cross and Blue Shield to offer new Medicare Advantage plans that include an allowance to help customers purchase groceries and health items Kroger Health has administered more than 8.5 million COVID-19 vaccine doses to date, supporting customers and associates Marked one-year anniversary of organization's Framework for Action: Diversity, Equity and Inclusion plan to better use company's platform to create and advocate for more equitable communities. Shared the following progress: 405,000 associates completed diversity and inclusion training Increased our partnerships with Historically Black Colleges and Universities and Hispanic-Serving Institutions from six to seventeen Achieved $4.1 billion in diverse supplier spend in 2020, a 21% increase versus prior year The Kroger Co. Foundation collectively invested $3.1 million to advance racial equity through partnerships with Black Girl Ventures, Everytable, LISC, Thurgood Marshall College Fund, and other organizations Scored 100 on both the Disability Equality Index presented by Disability: IN and the American Association of People with Disabilities (AAPD) and the Corporate Equality Index presented by the Human Rights Campaign Foundation The Zero Hunger | Zero Waste Foundation Innovation Fund made impact investments during the first-ever Venture Showcase in two peer-selected startups, Agua Bonita and Matriark Foods About KrogerAt The Kroger Co. (NYSE:KR), we are Fresh for Everyone™ and dedicated to our Purpose: To Feed the Human Spirit®. We are, across our family of companies, nearly half a million associates who serve over 11 million customers daily through a seamless shopping experience under a variety of banner names. We are committed to creating #ZeroHungerZeroWaste communities by 2025. To learn more about us, visit our newsroom  and investor relations site. Kroger's third quarter 2021 ended on November 6, 2021. Note: Fuel sales have historically had a low gross margin rate and operating expense rate as compared to corresponding rates on non-fuel sales. As a result, Kroger discusses the changes in these rates excluding the effect of fuel. Please refer to the supplemental information presented in the tables for reconciliations of the non-GAAP financial measures used in this press release to the most comparable GAAP financial measure and related disclosure. This press release contains certain statements that constitute "forward-looking statements" about the future performance of the company. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "achieve," "believe," "committed," "confident," "continue," "deliver," "expect," "future," "guidance," "positioning," "strategy," "target," "trends," and "will." Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements. These include the specific risk factors identified in "Risk Factors" in our annual report on Form 10-K for our last fiscal year and any subsequent filings, as well as the following: Kroger's ability to achieve sales, earnings, incremental FIFO operating profit, and adjusted free cash flow goals may be affected by: COVID-19 pandemic related factors, risks and challenges, including among others, the length of time that the pandemic continues, new variants of the virus and the effectiveness of vaccines against variants, continued efficacy of vaccines over time and availability of vaccine boosters, the extent of continued vaccine disinformation and vaccine refusal, and global access to vaccines, as well as the effect of emerging  vaccine and/or testing mandates and related regulations, the potential for additional future spikes in infection and illness rates including breakthrough infections among the fully vaccinated, and the corresponding potential for disruptions in workforce availability and customer shopping patterns, re-imposed restrictions as a result of resurgence and the corresponding future easing of restrictions, and interruptions in domestic and global supply chains or capacity constraints; the pace of recovery when the pandemic subsides; labor negotiations or disputes; changes in the unemployment rate; pressures in the labor market; changes in government-funded benefit programs; changes in the types and numbers of businesses that compete with Kroger; pricing and promotional activities of existing and new competitors, including non-traditional competitors, and the aggressiveness of that competition; Kroger's response to these actions; the state of the economy, including interest rates, the inflationary and deflationary trends in certain commodities; changes in tariffs; the effect that fuel costs have on consumer spending; volatility of fuel margins; manufacturing commodity costs; diesel fuel costs related to Kroger's logistics operations; trends in consumer spending; the extent to which Kroger's customers exercise caution in their purchasing in response to economic conditions; the uncertainty of economic growth or recession; changes in inflation or deflation in product and operating costs; stock repurchases; Kroger's ability to retain pharmacy sales from third party payors; consolidation in the healthcare industry, including pharmacy benefit managers; Kroger's ability to negotiate modifications to multi-employer pension plans; natural disasters or adverse weather conditions; the effect of public health crises or other significant catastrophic events, including the coronavirus; the potential costs and risks associated with potential cyber-attacks or data security breaches; the success of Kroger's future growth plans; the ability to execute our growth strategy and value creation model, including continued cost savings, growth of our alternative profit businesses, and widening and deepening our strategic moats of fresh, our brands, personalization, and seamless; and the successful integration of merged companies and new partnerships. Our ability to achieve these goals may also be affected by our ability to manage the factors identified above. Our ability to execute our financial strategy may be affected by our ability to generate cash flow. Kroger's effective tax rate may differ from the expected rate due to changes in tax laws, the status of pending items with various taxing authorities, and the deductibility of certain expenses. Kroger assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Kroger's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. Note: Kroger's quarterly conference call with investors will broadcast live at 10 a.m. (ET) on December 2, 2021 at ir.kroger.com. An on-demand replay of the webcast will be available at approximately 1 p.m. (ET) on Thursday, December 2, 2021. 3rd Quarter 2021 Tables Include: Consolidated Statements of Operations Consolidated Balance Sheets Consolidated Statements of Cash Flows Supplemental Sales Information Reconciliation of Net Total Debt and Net Earnings Attributable to The Kroger Co. to Adjusted EBITDA Net Earnings Per Diluted Share Excluding the Adjustment Items Operating Profit Excluding the Adjustment Items Two-Year Financial Results   Table 1.THE KROGER CO.CONSOLIDATED STATEMENTS OF OPERATIONS(in millions, except per share amounts)(unaudited) THIRD QUARTER YEAR-TO-DATE 2021 2020 2021 2020 SALES $    31,860 100.0% $ 29,723 100.0% $    104,840 100.0% $   101,761 100.0% OPERATING EXPENSES MERCHANDISE COSTS, INCLUDING ADVERTISING,      WAREHOUSING AND TRANSPORTATION (a),      AND LIFO CHARGE (b) 24,959 78.3 22,901 77.1 81,820 78.0 77,906 76.6 OPERATING, GENERAL AND ADMINISTRATIVE (a) 5,177 16.2 5,194 17.5 17,692 16.9 18,162 17.9 RENT 197 0.6 205 0.7 648 0.6 682 0.7 DEPRECIATION AND AMORTIZATION 659 2.1 631 2.1 2,168 2.1 2,073 2.0      OPERATING PROFIT  868 2.7 792 2.7 2,512 2.4 2,938 2.9 OTHER INCOME (EXPENSE) INTEREST EXPENSE (135) (0.4) (129) (0.4) (438) (0.4) (438) (0.4) NON-SERVICE COMPONENT OF COMPANY-SPONSORED      PENSION PLAN COSTS (77) (0.2) 9 - (44) - 28 - (LOSS) GAIN ON INVESTMENTS (94) (0.3) 162 0.6 (694) (0.7) 952 0.9      NET EARNINGS BEFORE INCOME TAX EXPENSE 562 1.8 834 2.8 1,336 1.3 3,480 3.4 INCOME TAX EXPENSE  77 0.2 202 0.7 239 0.2 816 0.8      NET EARNINGS INCLUDING NONCONTROLLING INTERESTS 485 1.5 632 2.1 1,097 1.1 2,664 2.6 NET INCOME ATTRIBUTABLE TO      NONCONTROLLING INTERESTS 2 - 1 - 7 - 2 - NET EARNINGS ATTRIBUTABLE TO THE KROGER CO.  $         483 1.5% $       631 2.1% $         1,090 1.0% $       2,662 2.6% NET EARNINGS ATTRIBUTABLE TO THE KROGER CO.      PER BASIC COMMON SHARE $        0.64 $      0.81 $           1.44 $         3.39 AVERAGE NUMBER  OF COMMON SHARES USED IN      BASIC CALCULATION 742 772 747 777 NET EARNINGS ATTRIBUTABLE TO THE KROGER CO.      PER DILUTED COMMON SHARE $        0.64 $      0.80 $           1.43 $         3.35 AVERAGE NUMBER OF COMMON SHARES USED IN      DILUTED CALCULATION 752 780 757 785 DIVIDENDS DECLARED PER COMMON SHARE $        0.21 $      0.18 $           0.60 $         0.52 Note: Certain percentages may not sum due to rounding. Note: The Company defines First-In First-Out (FIFO) gross profit as sales minus merchandise costs, including advertising, warehousing and transportation, but excluding the Last-In First-Out (LIFO) charge. The Company defines FIFO gross margin as FIFO gross profit divided by sales. The Company defines FIFO operating profit as operating profit excluding the LIFO charge. The Company defines FIFO operating margin as FIFO operating profit divided by sales. The above FIFO financial metrics are important measures used by management to evaluate operational effectiveness.  Management believes these FIFO financial metrics are useful to investors and analysts because they measure our day-to-day operational effectiveness. (a) Merchandise costs ("COGS") and operating, general and administrative expenses ("OG&A") exclude depreciation and amortization expense and rent expense which are included in separate expense lines. (b) LIFO charges of $93 and $23 were recorded in the third quarters of 2021 and 2020, respectively.  For the year to date period, LIFO charges of $177 and $77 were recorded for 2021 and 2020, respectively.   Table 2.THE KROGER CO.CONSOLIDATED BALANCE SHEETS(in millions)(unaudited) November 6, November 7, 2021 2020 ASSETS Current Assets Cash $                   324 $                   367 Temporary cash investments 1,964 1,813 Store deposits in-transit 1,140 1,102 Receivables 1,914 1,610 Inventories 7,520 7,478 Prepaid and other current assets 518 576 Total current assets 13,380 12,946 Property, plant and equipment, net 23,316 21,902 Operating lease assets 6,655 6,843 Intangibles, net 954 1,012 Goodwill 3,076 3,076 Other assets 2,448 2,686 Total Assets $              49,829 $              48,465 LIABILITIES AND SHAREOWNERS' EQUITY Current Liabilities.....»»

Category: earningsSource: benzingaDec 2nd, 2021

Millions of people have taken Yale"s free online course on how to be happier. It helped me realize which parts of my life were off-balance and led me to a new hobby I love.

Yale's Science of Well-Being course uses positive psychology and science to teach you how to live a happy life. Here's what I liked about it. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.The Science of Well-Being is a free online course adapted from Yale's most popular class ever. It uses positive psychology and research to teach you how to be happier.Alyssa Powell/Insider Yale's most popular class in history teaches you science-backed steps to becoming happier. Professor Laurie Santos' free online version, The Science of Well-Being, is also incredibly popular. I enrolled in the course and learned a lot of tips on how to improve my mood and stress levels. How do we live a meaningful life? Despite how slippery and subjective the answer may seem, Laurie Santos, a Yale professor and leading expert in positive psychology, wants you to know that leading a fulfilling life can actually be simple.The Science of Well-Being, the explosively popular online course from Coursera, is adapted Santos' 2018 Psychology and the Good Life ‚ which became Yale's most popular on-campus class in its 319-year history, eventually requiring the university to pull fellows from other schools to staff it.Coursera The Science of Well-BeingOne of Yale's most popular classes ever (and a Business Insider favorite), this class debunks some of the most common myths about happiness and teaches you how to authentically improve your well-being.$0.00 FROM COURSERA Santos' online course delves into our misconceptions about what makes us happy, explains why our expectations are so bad (spoiler: the brain doesn't always prioritize its happiness), and provides strategies for prioritizing the truly good stuff. You can take the course for free here, which takes an estimated 10 weeks (19 hours total) to complete. Or, keep reading for an overview of what to expect and a firsthand review of the online course. What to expect from the courseThe course intentionally feels warm, casual, and inviting. It was shot in Santos' home with a handful of students.Mara Leighton/Business InsiderTopics covered in The Science of Well-Being: Misconceptions about happinessWhy our expectations are so badHow we can overcome our biasesStuff that really makes us happyPutting strategies into practiceEach section includes video lectures, optional readings, and daily "rewirement" activities to build happier habits. Research suggests that if you do these rewirements as prescribed, you should experience a boost in your mood and overall well-being. After completing the five weeks above, students should commit to practicing one rewirement exercise for at least a month. What I loved about the course1. You can actually measure if you're getting happier. In the beginning, you're invited to respond to questionnaires that measure your baseline happiness. By the end of the course, you take them again to see whether your score increased. (Hopefully, your numbers rise!) To me, a before-and-after metric lent concreteness to a typically abstract topic.I also found the baseline happiness survey helpful for an unexpected reason: I had been feeling fatigued, and the questions it posed helped me locate an overlooked source of dissatisfaction — I was continually rating one part of my life much lower than the others. Within the first lecture, I was able to use the framework to see my life more clearly. Weekly "rewirement" activities help build habits that make us scientifically happier: savoring, practicing gratitude, meditating, and acts of kindness among them.Mara Leighton/Business Insider2. The lectures are fun to watch — and less pressure than an in-person class. Santos' lectures make for easy watching. They're shot in her own home with a small audience of Yale students, which makes the videos warm and inviting. In a conversational tone, Santos gives us in-depth explorations of happiness and positive psychology as an expert (most contemporary research was conceptualized and coined by Santos herself).Once I sat down to play a video, I wanted to continue. It didn't feel forced or tedious like in-person lectures sometimes can. Plus, I could easily rewind and rewatch classes without asking Santos to repeat herself. Best part? There was also zero pressure to ask or answer questions.3. The optional homework is really easy and fun.While you can take the class at your own pace, you're encouraged to do the rewiring techniques on a weekly schedule. Research suggests that improving your well-being takes daily, intentional effort over long periods, so a 10-week class is a great opportunity. But, even if you're not routine about it, you'll still learn things that can help you understand how to be happier.Overall, all the assignments are low-key, low-stress, and easy to implement. There are no required readings or grade penalties for a missed assignment deadline. For readings, the must-know information is summarized within the lecture, and, if you want to dive deeper, you'll see links to complementary readings. 4. What I learned improved my life in substantial and concrete ways.One of my key takeaways from The Science of Well-Being (and an interview I conducted with Laurie Santos on mental health) is that difficult, doable activities that put us in our flow state make us feel really happy. For me, that manifested in completing 75 pilates classes in three months because pilates is challenging, meditative, and out of my comfort zone. The course, and the flow state activities I now prioritize, have made me significantly happier and more confident. Is it worth it to get a certificate?Maybe, but most likely not. You'll have access to all the course materials and forums for this class without paying. But, if you want a certificate of completion or graded homework assignments, you can pay $49. You can also always upgrade any time during the course or afterward, so it's probably worth it to test it out for free before committing to payment. If you want but can't afford the $49 certificate, apply for the course's financial aid. Click on the "financial aid" link beneath the "enroll" button on the left. You'll be prompted to complete an application and will be notified if you're approved; applications take at least 15 days to be reviewed.The bottom lineCoursera The Science of Well-BeingOne of Yale's most popular classes ever (and a Business Insider favorite), this class debunks some of the most common myths about happiness and teaches you how to authentically improve your well-being.$0.00 FROM COURSERA I should disclose that I enjoy online classes. In the character-strengths test that you're invited to take at the course's outset, "curiosity" was my most dominant trait out of the 20 possibilities.But despite being a candidate of least resistance, I was surprised by how much I really enjoyed a few weeks in the course. The lessons felt immediately and concretely useful — most of the class legwork is completing daily "rewiring" tasks designed to build those research-backed happiness habits into your life. I can also say that what I learned in the course has substantially helped my mental health in the long term, especially over the last year. More free online classes65 free online courses from the best colleges in the US — including Princeton, Harvard, and YaleThese are the best e-learning platforms for free or affordable online classes, whether you want to switch careers or pick up a new hobbyOver 2.7 million people have enrolled in this free online course that teaches you how to learn betterRead the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 1st, 2021

Risk Cracks After Moderna CEO Comments Spark Global Stock Rout

Risk Cracks After Moderna CEO Comments Spark Global Stock Rout Ask a drug dealer if methadone helps cure a cocaine addition and - shockingly - you will hear that the answer is "hell no", after all an affirmative response would mean the fixer needs to get a real job. Just as shocking was the "admission" of Moderna CEO, Stéphane Bancel, who in the latest stop on his media whirlwind tour of the past 48 hours gave the FT an interview in which he predicted that existing vaccines will be much less effective at tackling Omicron than earlier strains of coronavirus and warned it would take months before pharmaceutical companies could manufacture new variant-specific jabs at scale. “There is no world, I think, where [the effectiveness] is the same level . . . we had with [the] Delta [variant],” Bancel told the Financial Times, claiming that the high number of Omicron mutations on the spike protein, which the virus uses to infect human cells, and the rapid spread of the variant in South Africa suggested that the current crop of vaccines may need to be modified next year. Here, the self-serving CEO whose sell-mode was fully engaged - after all what else would the maker of a vaccine for covid say than "yes, the world will need more of my product" - completely ignored the earlier comments from Barry Schoub, chairman of South Afruca's Ministerial Advisory Committee on Vaccines, who over the weekend said that the large number of mutations found in the omicron variant appears to destabilize the virus, which might make it less “fit” than the dominant delta strain. As such, it would be a far less virulent strain... but of course that would also reduce the need for Moderna's mRNA therapy and so Bancel failed to mention it. What is grotesque is that the Moderna CEO’s comments on existing vaccines’ effectiveness against the omicron variant is “old news so should be a fade,” says Prashant Newnaha, a senior Asia-Pacific rates strategist at TD Securities in Singapore. Indeed as Bloomberg notes, Bancel reiterated comments made by Moderna’s Chief Medical Officer Paul Burton during the weekend. Alas, the last thing algos care about is nuance and/or reading between the lines, and so moments after Bancel's interview hit, markets hit risk off mode on Tuesday, and yesterday’s bounce in markets immediately reversed amid fresh worries about the efficacy of currently available vaccines with U.S. equity futures dropping along with stocks in Europe. Bonds gained as investors sought havens. After dropping as much as 1.2%, S&P futures pared losses to -0.7%, down 37 points just above 4,600. Dow Eminis were down 339 points or 1% and Nasdaq was down -0.8%. Adding to concerns is Fed Chair Jerome Powell who today will speak, alongside Janet Yellen, at the Senate Banking Committee in congressional oversight hearings related to pandemic stimulus. Last night Powell made a dovish pivot saying the new variant poses downside risks to employment and growth while adding to uncertainty about inflation. Powell's comments dragged yields lower and hit bank stocks overnight. “The market’s reaction to reports such as Moderna’s suggest the ball is still very much in the court of proving that this will not escalate,” said Patrick Bennett, head of macro strategy for Asia at Canadian Imperial Bank of Commerce in Hong Kong. “Until that time, mode is to sell recoveries in risk and not to try and pick the extent of the selloff” U.S. airline and cruiseliner stocks dropped in premarket trading Tuesday, after vaccine maker Moderna’s top executives reiterated that the omicron variant of the coronavirus may require new vaccines. Most U.S. airline stocks were down: Alaska Air -5%, United -3.2%, American -3%, Spirit -2.7%, Delta -2.6%, JetBlue -2.6%, Southwest -1.7%. Here are some other notable movers today: U.S. banks decline in premarket trading following comments from Federal Reserve Chair Jerome Powell that may push back bets on when the central bank will raise rates. Citigroup (C US) -2.4%, JPMorgan (JPM US) -2.2%, Morgan Stanley (MS US) -2.6% Vaccine manufacturers mixed in U.S. premarket trading after rallying in recent days and following further comments from Moderna about treating the new omicron Covid-19 variant. Pfizer (PFE US) +1.6%, Novavax  (NVAS US) +1.3%, Moderna (MRNA US) -3.8% U.S. airline and cruiseliner stocks dropped in premarket trading Tuesday, after vaccine maker Moderna’s top executives reiterated that the omicron variant of the coronavirus may require new vaccines. Alaska Air (ALK US) -5%, United (UAL US) -3.2%, American (AAL US) -3% Krystal Biotech (KRYS US) jumped 4.3% in postmarket trading on Monday, extending gains after a 122% jump during the regular session. The company is offering $200m of shares via Goldman Sachs, BofA, Cowen, William Blair, according to a postmarket statement MEI Pharma (MEIP US) gained 8% postmarket after the cancer-treatment company said it will hold a webcast Tuesday to report on data from the ongoing Phase 2 Tidal study evaluating zandelisib in patients with relapsed or refractory follicular lymphoma Intuit (INTU US) declined 3.4% postmarket after holder Dan Kurzius, co-founder of Mailchimp, offered the stake via Goldman Sachs In Europe, the Stoxx 600 index fell to almost a seven-week low. Cyclical sectors including retail, travel and carmakers were among the biggest decliners, while energy stocks tumbled as crude oil headed for the worst monthly loss this year; every industry sector fell led by travel stocks. Earlier in the session, the Asia Pacific Index dropped 0.6% while the Hang Seng China Enterprises Index lost 1.5% to finish at its weakest level since May 2016. Asian stocks erased early gains to head for a third day of losses on fresh concerns that existing Covid-19 vaccines will be less effective at tackling the omicron variant. The MSCI Asia Pacific Index extended its fall to nearly 1% after having risen as much as 0.8% earlier on Tuesday. The current crop of vaccines may need to be modified next year, Moderna Chief Executive Officer Stephane Bancel said in an interview with the Financial Times, adding that it may take months before pharmaceutical firms can manufacture new variant-specific jabs at scale. U.S. futures also reversed gains. Property and consumer staples were the worst-performing sectors on the regional benchmark. Key gauges in Hong Kong and South Korea were the biggest losers in Asia, with the Kospi index erasing all of its gains for this year. The Hang Seng China Enterprises Index lost 1.5% to finish at its weakest level since May 2016. The fresh bout of selling offset early optimism spurred by data showing China’s factory sentiment improved in November. “With the slower vaccination rate and more limited health-care capacity in the region, uncertainty from the new omicron variant may seem to bring about higher economic risks for the region at a time where it is shifting towards further reopening,” said Jun Rong Yeap, a market strategist at IG Asia Pte. Asia’s stock benchmark is now down 3.5% for the month, set for its worst performance since July, as nervousness remains over the U.S. Federal Reserve’s tapering schedule and the potential economic impact of the omicron variant. “Moderna is one of the primary mRNA vaccines out there, so the risk-off sentiment is justified,” said Kelvin Wong, an analyst at CMC Markets (Singapore) Pte. Liquidity is thinner going into the end of the year, so investors are “thinking it’s wise to take some money off the table,” he added Japanese equities fell, reversing an earlier gain to cap their third-straight daily loss, after a report cast doubt on hopes for a quick answer to the omicron variant of the coronavirus. Telecoms and electronics makers were the biggest drags on the Topix, which dropped 1%, erasing an earlier gain of as much as 1.5%. Fast Retailing and SoftBank Group were the largest contributors to a 1.6% loss in the Nikkei 225. The yen strengthened about 0.4% against the dollar, reversing an earlier loss. Japanese stocks advanced earlier in the day, following U.S. peers higher as a relative sense of calm returned to global markets. Tokyo share gains reversed quickly in late afternoon trading after a Financial Times report that Moderna’s Chief Executive Officer Stephane Bancel said a new vaccine may be needed to fight omicron. “The report of Moderna CEO’s remarks has bolstered an overall movement toward taking off risk,” said SMBC Trust Bank analyst Masahiro Yamaguchi. “Market participants will probably be analyzing information on vaccines and the new virus variant for the next couple of weeks, so shares will likely continue to fluctuate on these headlines.” In FX, the dollar dropped alongside commodity-linked currencies while the yen and gold climbed and bitcoin surged as safe havens were bid. The yen swung to a gain after Moderna Inc.’s chief executive Stephane Bancel was quoted by the Financial Times saying existing vaccines may not be effective enough to tackle the omicron variant. Commodity-linked currencies including the Aussie, kiwi and Norwegian krone all declined, underperforming the dollar In rates, treasuries held gains after flight-to-quality rally extended during Asia session and European morning, when bunds and gilts also benefited from haven flows. Stocks fell after Moderna CEO predicted waning vaccine efficacy. Intermediates lead gains, with yields richer by nearly 6bp across 7-year sector; 10-year Treasuries are richer by 5.6bp at 1.443%, vs 2.5bp for German 10-year, 4.7bp for U.K. Long-end may draw support from potential for month-end buying; Bloomberg Treasury index rebalancing was projected to extend duration by 0.11yr as of Nov. 22. Expectations of month-end flows may support the market, and Fed Chair Powell is slated to testify to a Senate panel.       In commodities, crude futures are off their late-Asia lows but remain in the red. WTI trades close to $68.30, stalling near Friday’s lows; Brent is off over 2.5% near $71.50. Spot gold rises ~$11 near $1,796/oz. Base metals are mixed: LME zinc outperforms, rising as much as 1.6%.  To the day ahead now, and the main central bank highlight will be Fed Chair Powell’s appearance before the Senate Banking Committee, alongside Treasury Secretary Yellen. In addition, we’ll hear from Fed Vice Chair Clarida, the Fed’s Williams, the ECB’s Villeroy and de Cos, and the BoE’s Mann. On the data side, we’ll get the flash November CPI reading for the Euro Area today, as well as the readings from France and Italy. In addition, there’s data on German unemployment for November, Canadian GDP for Q3, whilst in the US there’s the Conference Board’s consumer confidence measure for November, the FHFA house price index for September, and the MNI Chicago PMI for November. Market Snapshot S&P 500 futures down 1.2% to 4,595.00 STOXX Europe 600 down 1.4% to 460.47 MXAP down 0.5% to 190.51 MXAPJ down 0.6% to 620.60 Nikkei down 1.6% to 27,821.76 Topix down 1.0% to 1,928.35 Hang Seng Index down 1.6% to 23,475.26 Shanghai Composite little changed at 3,563.89 Sensex down 0.2% to 57,122.74 Australia S&P/ASX 200 up 0.2% to 7,255.97 Kospi down 2.4% to 2,839.01 German 10Y yield little changed at -0.36% Euro up 0.6% to $1.1362 Brent Futures down 3.0% to $71.26/bbl Brent Futures down 3.0% to $71.26/bbl Gold spot up 0.7% to $1,796.41 U.S. Dollar Index down 0.65% to 95.72 Top Overnight News from Bloomberg Euro-area inflation surged to a record for the era of the single currency and exceeded all forecasts, adding to the European Central Bank’s challenge before a crucial meeting next month on the future of monetary stimulus. If the drop in government bond yields on Friday signaled how skittish markets were, fresh declines are leaving them looking no less nervous. One of Germany’s most prominent economists is urging the European Central Bank to be more transparent in outlining its exit from unprecedented monetary stimulus and argues that ruling out an end to negative interest rates next year may be a mistake. The Hong Kong dollar fell into the weak half of its trading band for the first time since December 2019 as the emergence of a new coronavirus variant hurt appetite for risk assets. A more detailed look at global markets courtesy of Newsquawk Asian equities traded mixed with early momentum seen following the rebound on Wall Street where risk assets recovered from Friday’s heavy selling pressure as liquidity conditions normalized post-Thanksgiving and after some of the Omicron fears abated given the mild nature in cases so far, while participants also digested a slew of data releases including better than expected Chinese Manufacturing PMI. However, markets were later spooked following comments from Moderna's CEO that existing vaccines will be much less effective against the Omicron variant. ASX 200 (+0.2%) was underpinned by early strength across its sectors aside from utilities and with gold miners also hampered by the recent lacklustre mood in the precious metal which failed to reclaim the USD 1800/oz level but remained in proximity for another attempt. In addition, disappointing Building Approvals and inline Net Exports Contribution data had little impact on sentiment ahead of tomorrow’s Q3 GDP release, although the index then faded most its gains after the comments from Moderna's CEO, while Nikkei 225 (-1.6%) was initially lifted by the recent rebound in USD/JPY but then slumped amid the broad risk aversion late in the session. Hang Seng (-1.6%) and Shanghai Comp. (Unch) were varied in which the mainland was kept afloat for most the session after a surprise expansion in Chinese Manufacturing PMI and a mild liquidity injection by the PBoC, with a central bank-backed publication also suggesting that recent open market operations demonstrates an ample liquidity goal, although Hong Kong underperformed on tech and property losses and with casino names pressured again as shares in junket operator Suncity slumped 37% on reopen from a trading halt in its first opportunity to react to the arrest of its Chairman. Finally, 10yr JGBs were initially contained following early momentum in stocks and somewhat inconclusive 2yr JGB auction which showed better results from the prior, albeit at just a marginal improvement, but then was underpinned on a haven bid after fears of the Omicron variant later resurfaced. Top Asian News China’s Biggest Crypto Exchange Picks Singapore as Asia Base SoftBank-Backed Snapdeal Targets $250 Million IPO in 2022 Omicron Reaches Nations From U.K. to Japan in Widening Spread Slump in China Gas Shows Spreading Impact of Property Slowdown Major European bourses are on the backfoot (Euro Stoxx 50 -1.5%; Stoxx 600 -1.5%) as COVID fears again take the spotlight on month-end. APAC markets were firmer for a large part of the overnight session, but thereafter the risk-off trigger was attributed to comments from Moderna's CEO suggesting that existing vaccines will be much less effective against the Omicron COVID strain. On this, some caveats worth keeping in mind - the commentary on the potential need for a vaccine does come from a vaccine maker, who could benefit from further global inoculation, whilst data on the new variant remains sparse. Meanwhile, WSJ reported Regeneron's and Eli Lilly's COVID antiviral cocktails had lost efficacy vs the Omicron variant - however, the extent to which will need to be subject to further testing. Furthermore, producers appear to be confident that they will be able to adjust their products to accommodate the new variant, albeit the timeline for mass production will not be immediate. Nonetheless, the sullied sentiment has persisted throughout the European morning and has also seeped into US equity futures: the cyclically bias RTY (-1.7%) lags the ES (-1.0%) and YM (-1.3%), whilst the tech-laden NQ (-0.5%) is cushioned by the slump in yields. Back to Europe, broad-based losses are seen across the majors. Sectors tilt defensive but to a lesser extent than seen at the European cash open. Travel & Leisure, Oil & Gas, and Retail all sit at the bottom of the bunch amid the potential implications of the new COVID variant. Tech benefits from the yield play, which subsequently weighs on the Banking sector. The retail sector is also weighed on by Spanish giant Inditex (-4.3%) following a CEO reshuffle. In terms of other movers, Glencore (-0.9%) is softer after Activist investor Bluebell Capital Partners called on the Co. to spin off its coal business and divest non-core assets. In a letter seen by the FT, Glencore was also asked to improve corporate governance. In terms of equity commentary, analysts at JPM suggest investors should take a more nuanced view on reopening as the bank expects post-COVID normalisation to gradually asset itself over the course of 2022. The bank highlights hawkish central bank policy shifts as the main risk to their outlook. Thus, the analysts see European equities outperforming the US, whilst China is seen outpacing EMs. JPM targets S&P 500 at 5,050 (closed at 4,655.27 yesterday) by the end of 2022 with EPS at USD 240 – marking a 14% increase in annual EPS. Top European News Omicron Reaches Nations From U.K. to Japan in Widening Spread ECB Bosses Lack Full Diplomatic Immunity, EU’s Top Court Says Adler Keeps Investors Waiting for Answers on Fraud Claims European Gas Prices Surge Above 100 Euros With Eyes on Russia In FX, the Greenback may well have been grounded amidst rebalancing flows on the final trading day of November, as bank models are flagging a net sell signal, albeit relatively weak aside from vs the Yen per Cit’s index, but renewed Omicron concerns stoked by Moderna’s CEO casting considerable doubt about the efficacy of current vaccines against the new SA strain have pushed the Buck back down in any case. Indeed, the index has now retreated further from its 2021 apex set less than a week ago and through 96.000 to 95.662, with only the Loonie and Swedish Krona underperforming within the basket, and the Antipodean Dollars plus Norwegian Crown in wider G10 circles. Looking at individual pairings, Usd/Jpy has reversed from the high 113.00 area and breached a Fib just below the round number on the way down to circa 112.68 for a marginal new m-t-d low, while Eur/Usd is back above 1.1350 having scaled a Fib at 1.1290 and both have left decent option expiries some distance behind in the process (1.6 bn at 113.80 and 1.3 bn between 1.1250-55 respectively). Elsewhere, Usd/Chf is eyeing 0.9175 irrespective of a slightly weaker than forecast Swiss KoF indicator and Cable has bounced firmly from the low 1.3300 zone towards 1.3375 awaiting commentary from BoE’s Mann. NZD/AUD/CAD - As noted above, the tables have turned for the Kiwi, Aussie and Loonie along with risk sentiment in general, and Nzd/Usd is now pivoting 0.6800 with little help from a deterioration in NBNZ business confidence or a decline in the activity outlook. Similarly, Aud/Usd has been undermined by much weaker than forecast building approvals and a smaller than anticipated current account surplus, but mostly keeping hold of the 0.7100 handle ahead of Q3 GDP and Usd/Cad has shot up from around 1.2730 to top 1.2800 at one stage in advance of Canadian growth data for the prior quarter and month of September as oil recoils (WTI to an even deeper trough only cents off Usd 67/brl). Back down under, 1 bn option expiry interest at 1.0470 in Aud/Nzd could well come into play given that the cross is currently hovering near the base of a 1.0483-39 range. SCANDI/EM - The aforementioned downturn in risk appetite after Monday’s brief revival has hit the Sek and Nok hard, but the latter is also bearing the brunt of Brent’s latest collapse to the brink of Usd 70/brl at worst, while also taking on board that the Norges Bank plans to refrain from foreign currency selling through December having stopped midway through this month. The Rub is also feeling the adverse effect of weaker crude prices and ongoing geopolitical angst to the extent that hawkish CBR rhetoric alluding to aggressive tightening next month is hardly keeping it propped, but the Cnh and Cny continue to defy the odds or gravity in wake of a surprise pop back above 50.0 in China’s official manufacturing PMI. Conversely, the Zar is struggling to contain losses sub-16.0000 vs the Usd on SA virus-related factors even though Gold is approaching Usd 1800/oz again, while the Try is striving to stay within sight of 13.0000 following a slender miss in Turkish Q3 y/y GDP. In commodities, WTI and Brent front month futures are once again under pressure amid the aforementioned COVID jitters threatening the demand side of the equation, albeit the market remains in a state of uncertainty given how little is known about the new variant ahead of the OPEC+ confab. It is still unclear at this point in time which route OPEC+ members will opt for, but seemingly the feasible options on the table are 1) a pause in output hikes, 2) a smaller output hike, 3) maintaining current output hikes. Energy journalists have suggested the group will likely be influenced by oil price action, but nonetheless, the findings of the JTC and JMMC will be closely watched for the group's updated forecasts against the backdrop of COVID and the recently coordinated SPR releases from net oil consumers – a move which the US pledged to repeat if needed. Elsewhere, Iranian nuclear talks were reportedly somewhat constructive – according to the Russian delegate – with working groups set to meet today and tomorrow regarding the sanctions on Iran. This sentiment, however, was not reciprocated by Western sources (cited by WSJ), which suggested there was no clarity yet on whether the teams were ready for serious negotiations and serious concessions. WTI Jan resides around session lows near USD 67.50/bbl (vs high USD 71.22/bbl), while Brent Feb dipped under USD 71/bbl (vs high USD 84.56/bb). Over to metals, spot gold remains underpinned in European trade by the cluster of DMA's under USD 1,800/oz – including the 100 (USD 1,792/oz), 200 (USD 1,791/oz) and 50 (1,790/oz). Turning to base metals, LME copper is modestly softer around the USD 9,500/t mark, whilst Dalian iron ore futures meanwhile rose over 6% overnight, with traders citing increasing Chinese demand. US Event Calendar 9am: 3Q House Price Purchase Index QoQ, prior 4.9% 9am: Sept. FHFA House Price Index MoM, est. 1.2%, prior 1.0% 9am: Sept. Case Shiller Composite-20 YoY, est. 19.30%, prior 19.66%; S&P/CS 20 City MoM SA, est. 1.20%, prior 1.17% 9:45am: Nov. MNI Chicago PMI, est. 67.0, prior 68.4 10am: Nov. Conf. Board Consumer Confidenc, est. 111.0, prior 113.8 10am: Nov. Conf. Board Present Situation, prior 147.4 10am: Nov. Conf. Board Expectations, prior 91.3 Central Banks 10am: Powell, Yellen Testify Before Senate Panel on CARES Act Relief 10:30am: Fed’s Williams gives remarks at NY Fed food- insecurity event 1pm: Fed’s Clarida Discusses Fed Independence DB's Jim Reid concludes the overnight wrap Just as we go to print markets are reacting negatively to an interview with the Moderna CEO in the FT that has just landed where he said that with regards to Omicron, “There is no world, I think, where (the effectiveness) is the same level... we had with Delta…… I think it’s going to be a material drop (efficacy). I just don’t know how much because we need to wait for the data. But all the scientists I’ve talked to . . . are like ‘this is not going to be good’.”” This is not really new news relative to the last 3-4 days given what we know about the new mutation but the market is picking up on the explicit comments. In response S&P futures have gone from slightly up to down just over -0.5% and Treasury yields immediately dipped -4bps to 1.46%. The Nikkei has erased gains and is down around -1% and the Hang Seng is c.-1.8%. This is breaking news so check your screens after you read this. In China the official November PMI data came in stronger than expected with the Manufacturing PMI at 50.1 (49.7 consensus vs 49.2 previous) and the non-manufacturing PMI at 52.3 (51.5 consensus vs 52.4 previous). The negative headlines above as we go to print followed a market recovery yesterday as investors hoped that the Omicron variant wouldn’t prove as bad as initially feared. In reality, the evidence is still incredibly limited on this question, and nothing from the Moderna CEO overnight changes that. However the more positive sentiment was also evident from the results of our flash poll in yesterday’s EMR where we had 1569 responses so very many thanks. The poll showed that just 10% thought it would still be the biggest topic in financial markets by the end of the year, with 30% instead thinking it’ll largely be forgotten about. The other 60% thought it would still be an issue but only of moderate importance. So if that’s correct and our respondents are a fair reflection of broader market sentiment, then it points to some big downside risks ahead if we get notable bad news on the variant. For the record I would have been with the majority with tendencies towards the largely forgotten about answer. So I will be as off-side as much as most of you on the variant downside risk scenario. When I did a similar poll on Evergrande 2 and a half months ago, only 8% thought it would be significantly impacting markets a month later with 78% in aggregate thinking limited mention/impact, and 15% thinking it would have no impact. So broadly similar responses and back then the 15% were most correct although the next 78% weren’t far off. In terms of the latest developments yesterday, we’re still waiting to find out some of the key pieces of information about this new strain, including how effective vaccines still are, and about the extent of any increased risk of transmission, hospitalisation and death. Nevertheless, countries around the world are continuing to ramp up their own responses as they await this information. President Biden laid out the US strategy for tackling Omicron in a public address yesterday, underscoring the variant was a cause for concern rather than panic. He noted travel bans from certain jurisdictions would remain in place to buy authorities time to evaluate the variant, but did not anticipate that further travel bans or domestic lockdowns would be implemented, instead urging citizens to get vaccinated or a booster shot. Over in Europe, Bloomberg reported that EU leaders were discussing whether to have a virtual summit on Friday about the issue, and Poland moved to toughen up their own domestic restrictions, with a 50% capacity limit on restaurants, hotels, gyms and cinemas. In Germany, Chancellor Merkel and Vice Chancellor Scholz will be meeting with state premiers today, whilst the UK government’s vaccination committee recommended that every adult be eligible for a booster shot, rather than just the over-40s at present. Boosters have done a tremendous job in dramatically reducing cases in the elder cohort in the UK in recent weeks so one by product of Omicron is that it may accelerate protection in a wider age group everywhere. Assuming vaccines have some impact on Omicron this could be a positive development, especially if symptoms are less bad. Markets recovered somewhat yesterday, with the S&P 500 gaining +1.32% to recover a large portion of Friday’s loss. The index was driven by mega-cap tech names, with the Nasdaq up +1.88% and small cap stocks underperforming, with the Russell 2000 down -0.18%, so the market wasn’t completely pricing out omicron risks by any means. Nevertheless, Covid-specific names performed how you would expect given the improved sentiment; stay-at-home trades that outperformed Friday fell, including Zoom (-0.56%), Peloton (-4.35%), and HelloFresh (-0.8%), while Moderna (+11.80%) was the biggest winner following the weekend news that a reformulated vaccine could be available in early 2022. Elsewhere, Twitter (-2.74%) initially gained after it was announced CEO and co-founder Jack Dorsey would be stepping down, but trended lower throughout the rest of the day. The broader moves put the index back in positive territory for the month as we hit November’s last trading day today. Europe saw its own bounceback too, with the STOXX 600 up +0.69%. Over in rates, the partial unwind of Friday’s moves was even smaller, with yields on 10yr Treasuries moving up +2.6bps to 1.50%, driven predominantly by real rates, as inflation breakevens were a touch narrower across the curve. One part of the curve that didn’t retrace Friday’s move was the short end, where markets continued to push Fed rate hikes back ever so slightly, with the first full hike now being priced for September (though contracts as early as May still price some meaningful probability of Fed hikes). We may see some further movements today as well, with Fed Chair Powell set to appear before the Senate Banking Committee at 15:00 London time, where he may well be asked about whether the Fed plans to accelerate the tapering of their asset purchases although it’s hard to believe he’ll go too far with any guidance with the Omicron uncertainty. The Chair’s brief planned testimony was published on the Fed’s website last night. It struck a slightly more hawkish tone on inflation, noting that the Fed’s forecast was for elevated inflation to persist well into next year and recognition that high inflation imposes burdens on those least able to handle them. On omicron, the testimony predictably stated it posed risks that could slow the economy’s progress, but tellingly on the inflation front, it could intensify supply chain disruptions. The real fireworks will almost certainly come in the question and answer portion of the testimony. The bond moves were more muted in Europe though, with yields on 10yr bunds (+2.0bps), OATs (+1.0bps) and BTPs (+0.4bps) only seeing a modest increase. Crude oil prices also didn’t bounce back with as much rigor as equities. Brent gained +0.99% while WTI futures increased +2.64%. They are back down -1 to -1.5% this morning. Elsewhere in DC, Senator Joe Manchin noted that Democrats could raise the debt ceiling on their own through the reconciliation process, but indicated a preference for the increase not to be included in the build back better bill, for which his support still seems lukewarm. We’re approaching crucial deadlines on the debt ceiling and financing the federal government, so these headlines should become more commonplace over the coming days. There were some further developments on the inflation front yesterday as Germany reported that inflation had risen to +6.0% in November (vs. +5.5% expected) on the EU-harmonised measure, and up from +4.6% in October. The German national measure also rose to +5.2% (vs. +5.0% expected), which was the highest since 1992. Speaking of Germany, Bloomberg reported that the shortlist for the Bundesbank presidency had been narrowed down to 4 candidates, which included Isabel Schnabel of the ECB’s Executive Board, and Joachim Nagel, who’s currently the Deputy Head of the Banking Department at the Bank for International Settlements. Today we’ll likely get some further headlines on inflation as the flash estimate for the entire Euro Area comes out, as well as the numbers for France and Italy. There wasn’t much in the way of other data yesterday, though UK mortgage approvals fell to 67.2k in October (vs. 70.0k expected), which is their lowest level since June 2020. Separately, US pending home sales were up +7.5% in October (vs. +1.0% expected), whilst the Dallas Fed’s manufacturing activity index for November unexpectedly fell to 11.8 (vs. 15.0 expected). Finally, the European Commission’s economic sentiment indicator for the Euro Area dipped to 117.5 in November as expected, its weakest level in 6 months. To the day ahead now, and the main central bank highlight will be Fed Chair Powell’s appearance before the Senate Banking Committee, alongside Treasury Secretary Yellen. In addition, we’ll hear from Fed Vice Chair Clarida, the Fed’s Williams, the ECB’s Villeroy and de Cos, and the BoE’s Mann. On the data side, we’ll get the flash November CPI reading for the Euro Area today, as well as the readings from France and Italy. In addition, there’s data on German unemployment for November, Canadian GDP for Q3, whilst in the US there’s the Conference Board’s consumer confidence measure for November, the FHFA house price index for September, and the MNI Chicago PMI for November. Tyler Durden Tue, 11/30/2021 - 07:50.....»»

Category: blogSource: zerohedgeNov 30th, 2021

GDP represents the sum total of a nation"s output and income

Gross domestic product is a measure of the value of all goods and services produced in a country over a period of time. GDP is most commonly discussed in terms of its growth or contraction.AndreyPopov/Getty Gross domestic product is the total value of goods and services produced in a country over a period of time. There are various ways to calculate GDP and different types of GDP that look at different factors. GDP is used to track economic expansion or contraction but lacks some important nuance. Visit Insider's Investing Reference library for more stories. Gross domestic product (GDP) is a measurement of the total value of goods and services produced in a country during a set period of time. The amount that GDP increases or decreases periodically is an important metric that investors use to assess the health of the economy and particular industries.GDP is also a key consideration in the government's tax-and-spending plans and the Federal Reserve's monetary policies. Read on to learn how GDP works, how it's calculated, and the limitations of using GDP as a measurement for economic health.Understanding how GDP works GDP is used to monitor both the size and strength of an economy and is usually discussed in terms of the percentage of its growth or contraction over time. For example, the US Bureau of Economic Analysis (BEA) reported that real GDP increased at an annual rate of  2.1% in the third quarter of 2021. GDP for the US is measured in quarterly and annual intervals."It's typically used as a method of measuring a country's economic strength when compared to others," explains Jim Pendergast, senior vice president of altLINE, a division of The Southern Bank Company.The size and scope of the more than $22 trillion US economy makes calculating GDP a complex task. Finding the total dollar value of the goods and services produced in a year involves collecting data in four main categories: consumer spending, government spending, business spending (or investment), and net exports.The BEA describes each of the main categories like this:Consumer spending: The goods and services you buy, such as groceries, clothes, cellphone service and health careBusiness spending: Money spent on everything from land, buildings, and equipment to unsold inventory; also includes consumer home purchasesGovernment spending: The money spent on goods and services including schools, roads, and national defenseNet exports: The value of exports to other countries minus the value of imports into the USThe International Monetary Fund (IMF) notes that while GDP is valuable because it gives information about the size and performance of an economy, it's also important to understand what GDP does not show. This includes the overall standard of living or well-being of countries where increased output may come at the cost of damage to the environment or the reduction of leisure time.  On the surface, evaluating GDP numbers shows that the economy is either expanding or contracting. It doesn't track everything, though.Some of the things not included in GDP are unpaid domestic labor such as childcare, activities that occur on the black market, the sale of used items, the sale of items not produced in the US, stock transactions, unemployment or Social Security payments, and volunteering. GDP is used by various entities in different ways. Federal and local government officials use it as part of the budgeting process. It's a key metric informing the Fed's decision making on monetary policy. Businesses use it when making strategic decisions about expansion. Investors can use GDP to assess the pulse of the economy and certain industries as well as review international markets. "It helps investors know which countries are most profitable. If a country is struggling financially, investors could lose a lot of money in the market," says Pendergast. "For example, when Greece experienced its significant economic downturn, many foreign investors lost money on the market. By analyzing trends in the GDP, investors can know where to put their money."How is GDP calculated? According to the BEA, GDP is calculated as the sum of the four main categories:Consumer spending + business spending + government spending + net exports = GDPAdding these together, you get GDP, which reflects the overall market value of all goods and services that are produced. This GDP calculation is typically referred to as the expenditure approach, but there are two other ways to calculate GDP as well. According to the IMF, the income approach takes the total sum of all the incomes that are created by production. Additionally, there is the production approach, which calculates any added value from the production process. This can include things such as food ingredients creating a meal, or designers' services included in a project that comes to life later on. The BEA releases GDP estimates and reports that you can review yourself. You can also turn to the IMFto see global GDP data in its World Economic Outlook or Global Financial Stability Reports.Quick tip: As an investor, you can review GDP data by industry to help you evaluate growth and inform your financial decision-making. What are the types of GDP? There are also various types of GDP that are measured in different ways, each serving a different purpose. "Nominal GDP is an evaluation of a country's economic production, excluding inflation and the cost of rising prices within the country," says Pendergast. Sometimes this can also be called "current-dollar GDP". Since nominal GDP doesn't account for inflation, you need to look at real GDP numbers which are adjusted for inflation over time to provide a more accurate picture. "Real GDP is the inflation-adjusted GDP with information of years past in terms of monetary value over time," explains Pendergast. There are other important GDP-based metrics that offer more insights and nuance. "GDP per capita measures the average assets of everyone within a country's population, which can include productivity and living standards," Pendergast notes. "GDP growth rate primarily focuses on the average change in economic growth over time based on new policies, inflation, and unemployment rates."There's also a way to compare GDP among countries. Each country reports GDP data in its own currency, so to evaluate GDP among different countries, a purchasing power parity (PPP) exchange rate is used to convert GDP into US dollars.The PPP exchange rate reflects the rate that a particular country would need to convert its GDP currency to another country and hold the same 'purchasing power' to buy an equal amount of goods and services. Limitations of GDP GDP is used as a go-to economic benchmark on a global level. While it can provide markers for economic growth, it doesn't show you the big picture for everything and lacks some important nuance. "For the most part, GDP can give an accurate account of areas of improvement and decline, both of which are essential to rebuilding a population's economy," says Pendergast.But it falls short in other aspects because evaluating output is just one way to look at the productivity of a particular country or economy. "GDP gives a poor evaluation of quality of life. Since a GDP report is broad, it's difficult to analyze how people are thriving within the country," explains Pendergast. "Different standards of living and unemployment in a variety of cities are extremely different, and such a broad view doesn't improve a country's ability to make small changes to fix big problems."The financial takeawayGDP is an economic metric that is used in a wide variety of contexts and has uses that are far-reaching on a national and global level. It's a good benchmark to use as an investor to assess the health of the economy and certain industries. What it doesn't do is take into account unpaid labor, quality of life, or happiness.To do your own research on GDP, you can check out reports published by BEA and look at data from the IMF.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 29th, 2021

150+ of the best Cyber Monday deals to shop now: Target, Amazon, Walmart, and more

Shop Cyber Monday deals now. Save big at Amazon, Walmart, Target, and Nordstrom, and with small brands like Outdoor Voices, Eberjey, and Kiehl's. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Alyssa Powell/InsiderIt's November 29, which means Cyber Monday is live. Cyber Monday is explicitly an online-shopping event — even more so than Black Friday — and it's historically brought some of the sales weekend's lowest prices. While Cyber Monday is officially live now, many retailers are continuing Black Friday deals right now.Cyber Monday is a particularly great time to shop for tech, smart home, and gift cards, but categories like kitchen and home, as well as personal care are also very active.  Stock is typically more limited than Black Friday, which means acting fast is key to getting a good deal. Bookmark this page and check back throughout the day to keep up with discounts without spending all day combing the internet; we'll do the heavy lifting for you.At Insider Reviews, we test products all year and track their price history so we can give you solid buying advice during big shopping events like Cyber Monday. Tons of deals are available now on products we love and trust, and we're highlighting the best ones below.Spotlight: Our top 10 standout Cyber Monday dealsSony WH-1000XM4, $248 (originally $349.99)Amazon Echo (4th Gen), $59.99 (originally $99.99)KitchenAid Professional 5 Plus Series 5-Quart Bowl-Lift Stand Mixer, $294.11 (originally $429.99)Molekule Air Purifier, $479 (originally $799)Dyson V8 Absolute, $399.99 (originally $449.99)Eufy BoostIQ RoboVac 15C MAX, $169.99 (originally $279.99)Hulu Monthly Subscription, $0.99 (originally $6.99)Amazon Prime Video Channel Add-Ons, $0.99 for up to two months (originally up to $10.99 per month)L.L.Bean Wicked Good Slippers, Men's $75.65 (originally $89), Women's $67.15 (originally $79), and Toddlers $33.96 (originally 39.94)Lululemon Wunder Under High-Rise Tight, $69 (originally $98)Best Cyber Monday 2021 tech dealsAnker PowerWave Alloy PadIf you have a phone capable of charging at 15W or you want to future-proof, then the Anker PowerWave Alloy Pad is best for you.$24.79 FROM AMAZONOriginally $30.99 | Save 20%Belkin 15W Boost Charge Wireless ChargerBelkin's Boost Charge Wireless Charger is inexpensive, includes a charger and cable, and works as well as all the other options we tested.$29.99 FROM BEST BUYOriginally $39.99 | Save 25%Apple MagSafe ChargerApple’s MagSafe wireless charger uses magnets snap in place on the iPhone 12 and delivers charging of up to 15 watts. 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This deal price matches the lowest we’ve seen so far.$1796.99 FROM AMAZONOriginally $2499.98 | Save 28%$1796.99 FROM WALMARTOriginally $2499.98 | Save 28%Samsung 65-inch Q60A QLED 4K TVSamsung's Q60A is the company's less expensive lineup of premium QLED TVs. $849.99 FROM BEST BUYOriginally $999.99 | Save 15%Amazon Fire TV 50" Omni SeriesAmazon launched its own smart TVs in fall 2021 and the Omni Series boasts features like hands-free Alexa support and video calling along with the latest Fire TV software.$359.99 FROM AMAZONOriginally $509.99 | Save 29%Amazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%Amazon Fire TV Stick 4K MaxThe Fire TV Stick 4K is designed to be 40% more powerful than Fire TV Stick 4K. It also adds Wi-Fi 6 support.$34.99 FROM AMAZONOriginally $54.99 | Save 36%$34.99 FROM BEST BUYOriginally $54.99 | Save 36%$34.99 FROM TARGETOriginally $54.99 | Save 36%Ring Video Doorbell (2020)The latest affordable Video Doorbell model from Ring features 1080p recording and improved motion tracking. It's a great deal if you're looking to start adding smart devices to your home. Orders made now will be fulfilled in 6 to 7 weeks.$79.98 FROM AMAZONOriginally $99.99 | Save 20%Google Nest Cam Outdoor Battery (2021) Elegant design, reliable performance, and wireless battery power make the Nest Cam Outdoor a tempting option to add peace of mind and checking in on your home's exterior when you're away. $149.99 FROM BEST BUYOriginally $179.99 | Save 17%$149.99 FROM GOOGLEOriginally $179.99 | Save 17%$149.99 FROM BED BATH & BEYONDOriginally $179.99 | Save 17%$149.99 FROM TARGETOriginally $179.99 | Save 17%$198.00 FROM AMAZONGoogle Nest ThermostatGoogle Nest makes some of the best smart thermostats you can buy. This model lets you control your home's temperature via the internet or through a mobile app. It can also learn your preferred temperature settings over time. $99.99 FROM TARGETOriginally $129.99 | Save 23%$89.99 FROM AMAZONOriginally $129.99 | Save 31%Vizio Elevate 5.1.4 SoundbarVizio's Elevate soundbar offers a 5.1.4 Dolby Atmos experience with performance that rivals many full-fledged home theater systems.$798.00 FROM AMAZONOriginally $1099.99 | Save 27%$799.99 FROM BEST BUYOriginally $1099.99 | Save 27%GoPro Hero 10 BlackThis video and still camera has similar capabilities to larger variants, while maintaining the small go-anywhere form-factor it's known for.$349.98 FROM GOPROOriginally $499.99 | Save 30%Best Cyber Monday 2021 kitchen dealsZojirushi MaestroThis bread machine is specifically calibrated to bake excellent one-pound loaves of bread, making it a solid choice for one or two-person households.$242.99 FROM AMAZONOriginally $329.99 | Save 26%$339.99 FROM ABTOriginally $395.00 | Save 14%Café Specialty Drip Coffee MakerWhat makes this coffee maker the best I tested is its combination of simplicity and customizability. It’s also extremely consistent — every cup of coffee brewed at every setting tasted just like it should. $279.95 FROM WILLIAMS SONOMAOriginally $349.95 | Save 20%$279.00 FROM BEST BUYOriginally $349.99 | Save 20%KitchenAid Professional 5 Plus Series 5-Quart Bowl-Lift Stand MixerThis KitchenAid is a powerful mixer that can handle sticky doughs and a few quarts of cake batter, but isn't too bulky for a home kitchen. It comes in eight colors, and each includes a flat beater, a spiral dough hook, and a wire whisk. $249.99 FROM TARGETOriginally $429.99 | Save 42%GreaterGoods Kitchen ScaleThis basic food scale is reliable and easy to use, for a low price.$8.39 FROM AMAZONOriginally $19.95 | Save 58%Nespresso Vertuo Next Deluxe Coffee and Espresso MakerA truly versatile machine, the Nespresso Vertuo Next uses capsules to make both coffee and espresso in a variety of cup or carafe sizes.$126.75 FROM TARGETOriginally $169.99 | Save 25%Ninja Professional Plus Food ProcessorThe Ninja Professional Plus makes food prep fast and easy with presets for chopped vegetables, shredded cheese, more.$79.98 FROM KOHLSOriginally $119.99 | Save 33%Ninja Foodi 5-in-1 Indoor Grill with Air Fryer, Roast, Bake & DehydrateThe Ninja Foodi 5-in-1 has five functions, including grill, bake, and dehydrate. Its temperatures range between 105°F to 500°F, giving it a lot of versatility in cooking options. Many of the parts are dishwasher safe for easier cleanup. $169.99 FROM TARGETOriginally $229.99 | Save 26%$169.99 FROM KOHL'SOriginally $249.99 | Save 32%Vitamix Explorian BlenderThe renewed Vitamix Explorian is pre-owned, but every bit as good as new and comes with a 90-day Amazon Renewed Guarantee on top of a 3-year full warranty.$289.95 FROM TARGETOriginally $449.99 | Save 36%$289.95 FROM BEST BUYOriginally $345.99 | Save 16%Instant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$50.99 FROM TARGETOriginally $129.99 | Save 61%Cuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%Keurig K-Mini Single Serve Coffee MakerThe slim 6- to 12-ounce coffee maker will fit neatly on any kitchen counter and save energy with the auto-off feature after brewing.$49.99 FROM THE HOME DEPOTOriginally $79.98 | Save 37%$89.99 FROM TARGETBest Cyber Monday 2021 home dealsHammam Linen Bath Towels 4-PackThese 100% cotton towels are big, soft, and fluffy.$33.15 FROM AMAZONOriginally $69.98 | Save 53%AeroGarden SproutA smaller option from AeroGarden's lineup, the Sprout lets you grow up to three plants in its narrow footprint. It's down to $70 with promo code SUMMER20 through May 31, a rare and excellent deal direct from AeroGarden.$49.95 FROM AEROGARDENOriginally $99.95 | Save 50%$49.99 FROM AMAZONOriginally $99.95 | Save 50%Chewy Pet ProductsFor Cyber Monday, Chewy is offering $30 off purchases of $100 or more. This is only for select products, including food, treats, beds, and more.$70.00 FROM CHEWYOriginally $100.00 | Save 30%Dyson Outsize Absolute+The Dyson Outsize Absolute+ is ideal for whole home, deep cleaning with its full-size dustbin and large cleaner head. $799.99 FROM DYSONOriginally $899.99 | Save 11%Dyson V8 AbsoluteBuilt with a soft roller head for hard floors and a motorized cleaner head for carpets, the Dyson V8 Absolute handles all surfaces efficiently.$399.99 FROM DYSONOriginally $449.99 | Save 11%Dyson Cyclone V10 AbsoluteEquipped with a sensor to detect the difference between carpets and hard floors, the Cyclone V10 Absolute is the perfect vacuum cleaner for any room in the house. We've seen it go for as low as $350 before (it's usually $550), but during Black Friday and Cyber Monday, you'll get it for $400 while supplies last.$499.99 FROM DYSONOriginally $549.99 | Save 9%Eufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$169.99 FROM EUFYOriginally $249.99 | Save 32%iRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Ecovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$499.99 FROM AMAZONOriginally $749.99 | Save 33%$799.99 FROM BEST BUYBissell SpinWave Robot VacuumThe 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. $249.00 FROM AMAZONOriginally $399.99 | Save 38%$299.00 FROM WALMARTOriginally $399.99 | Save 25%Dewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 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. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Kitchellence 3-Stage Knife SharpenerThis knife sharpener includes three stages to help repair and sharpen dull blades. It also includes cut-resistant gloves. $19.98 FROM AMAZONOriginally $30.00 | Save 33%Best Cyber Monday 2021 gaming dealsSony Spider-Man: Miles Morales Launch Edition (PS5)An all-new Spider-Man experience, Spider-Man Miles Morales has you master explosive new powers along with some classic web-slinging acrobatics. The PS5 update even lets you play the game in the gorgeous raytracing mode at a smooth 60 fps.$29.99 FROM TARGETOriginally $49.99 | Save 40%$29.99 FROM BEST BUYOriginally $49.99 | Save 40%$29.83 FROM AMAZONOriginally $49.99 | Save 40%Nintendo Switch Legend of Zelda: Breath of the Wild (Digital Download)The Legend of Zelda: Breath of the Wild was released for the Nintendo Switch in 2017, but still remains one of the best Switch games out there. Right now, a physical copy is selling for $40, which is a solid price on this rarely discounted game.$35.00 FROM WALMARTOriginally $59.99 | Save 42%Nintendo eShop $50 Gift CardThe Nintendo eShop is the best place to shop for digital copies of Nintendo's games. This gift card is the perfect gift or investment for anyone with a Nintendo Switch. Better still, Nintendo's eShop offers several sales throughout the year. This means, patient shoppers can double their savings.$45.00 FROM WALMARTOriginally $50.00 | Save 10%$50.00 FROM BEST BUY$45.00 FROM NEWEGGOriginally $50.00 | Save 10%Xbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%Microsoft Xbox Series S|X Wireless ControllerThis latest-gen Xbox gamepad is the best Microsoft has ever made, and during Cyber Monday, shoppers can save $20 on this recently released controller.$49.99 FROM MICROSOFTOriginally $59.99 | Save 17%$54.99 FROM BEST BUYOriginally $59.99 | Save 8%$49.00 FROM GAME STOPOriginally $54.99 | Save 11%$49.00 FROM WALMARTOriginally $64.88 | Save 24%Death Loop for PlayStation 5“Death Loop” is an unusual first-person shooter that challenges players to escape a day-long time loop by assassinating specific targets. The game is a great pick for fans of spy movies, sci-fi, and creative gunplay.$29.99 FROM BEST BUYOriginally $59.99 | Save 50%Call of Duty Vanguard for PlayStation 4The latest Call of Duty game is now on sale for $20 off, just a few weeks after its release.$39.00 FROM WALMARTOriginally $59.99 | Save 35%$44.99 FROM TARGETOriginally $59.99 | Save 25%Call of Duty Vanguard for PlayStation 5The latest Call of Duty game is now on sale for PlayStation 5 just a few weeks after its release.$54.99 FROM TARGETOriginally $69.98 | Save 21%$39.00 FROM WALMARTOriginally $59.94 | Save 35%Nintendo Mario Kart Live: Home Circuit Nintendo Switch Set EditionYou can use a Nintendo Switch to control this real-life Mario Kart toy, and watch Mario or Luigi’s perspective as they zoom around your home.$88.99 FROM TARGETOriginally $99.99 | Save 11%$99.99 FROM BEST BUYLogitech G305 Lightspeed Wireless Gaming MouseCompact and portable, the Logitech G305 is great to take on the go. It's best if you prefer smaller mice and right now it's only $40, a great price drop from a typical selling price of $50.$29.99 FROM AMAZONOriginally $59.99 | Save 50%$29.99 FROM WALMARTOriginally $48.97 | Save 39%Nintendo Switch Ring Fit Adventure"Ring Fit Adventure" for the Nintendo Switch uses the exclusive "Ring-Con" attachment and a leg strap to track movement and provide resistance for workouts. The game also includes an adventure mode. Right now, it's selling for $55 at Target and Amazon, $25 off its usual price and the lowest price we've ever seen on this game.$54.00 FROM AMAZONOriginally $79.98 | Save 32%$54.00 FROM WALMARTOriginally $80.00 | Save 33%$79.98 FROM BEST BUY$79.98 FROM TARGETBest Cyber Monday 2021 streaming dealsHulu Monthly Subscription (Deal)Save a huge 85% on an ad-supported Hulu subscription for an entire year. That amounts to just 99 cents per month. This deal is live until Monday, November 29. $0.99 FROM HULUOriginally $6.99 | Save 86%Disney Plus Free Trial with Amazon Music UnlimitedNew Amazon Music Unlimited subscribers can get six months of Disney Plus for free when they sign up. Current Music Unlimited members can get three months of Disney Plus. Music Unlimited costs $8 a month for Prime members or $10 a month without Prime.$0.00 FROM AMAZONAmazon Prime Video Channel Add-OnsPrime Video subscribers can choose from a variety of channel-add ons including Starz, Showtime, Paramount+, AMC+, Discovery+, and more.$0.99 FROM AMAZONOriginally $10.99 | Save 91%YouTube PremiumYouTube Premium lets you stream videos and music on YouTube without any ads. The service also features exclusive programs.FREE FROM YOUTUBEOriginally $11.99 | Save 100%Best Cyber Monday 2021 health & fitness dealsTheragun PrimeTheragun's Prime massage gun is the perfect blend of performance and value. It delivers a high-quality massage, is durably built, and features an ergonomic design that makes it easy to use anywhere on your body. It's also half the price of the flagship Pro model.$249.99 FROM THERABODYOriginally $299.00 | Save 16%$249.99 FROM KOHL'SOriginally $299.99 | Save 17%RENPHO Foot Massager MachineWith customizable patterns of kneading, compression, and heat therapy, the RENPHO Foot Massager Machine is a full-service Shiatsu device and feels like a home spa for your feet.$129.99 FROM AMAZONOriginally $149.99 | Save 13%Garmin Forerunner 245 MusicThe Garmin Forerunner 245 is a great choice for runners and offers features like calendar syncing, weather forecasting, and notifications, so you can leave your phone at home. $249.99 FROM TARGETOriginally $349.99 | Save 29%$249.99 FROM GARMINOriginally $349.99 | Save 29%Garmin Fenix 6SThe Garmin Fenix 6S Sapphire smartwatch is a premium watch perfect for those looking for enhanced GPS capabilities in a rugged design. The Fenix 6S features an always-on display, stainless steel bezels, an enhanced pulse oximeter for sleep monitoring and altitude acclimation, grade-adjusted pace guidance, and comes preloaded with maps, as well as the ability to tap into three different navigation satellite systems. $549.99 FROM AMAZONOriginally $749.99 | Save 27%Philips Sonicare 9900 PrestigeDentists love Philips Sonicare and its new 9900 Prestige has every bell and whistle you could want in an electric toothbrush, including the ability to adjust its vibrations based on how hard you're brushing.$299.99 FROM AMAZONOriginally $349.99 | Save 14%$299.95 FROM PHILLIPS SONICAREOriginally $349.99 | Save 14%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Mirror from lululemonThis isn't just a mirror. It's a cardio class, it's a yoga studio, it's a boxing ring, it's your new personal trainer, and it's so much more. For Cyber Monday, Mirror is on sale for $500 with the code "CYBERMONDAY20"$995.00 FROM MIRROROriginally $1495.00 | Save 33%Hydro Flask 32-Ounce Wide Mouth This bottle has all the hallmark features of a Hydro Flask water bottle — 12-24 hours of temperature retention, powder color coating that won't chip or fade with time, a silicone twist top — with the very convenient wide mouth for easy pouring and drinking.$33.71 FROM HYDRO FLASKOriginally $44.95 | Save 25%Amazon HaloAmazon's Halo fitness tracker can analyze the tone of your voice to help you understand how you sound to others.$54.99 FROM AMAZONOriginally $99.99 | Save 45%LifeSpan TR1200i Folding TreadmillThe TR1200i is the baby sister of our top pick for a folding treadmill, the TR300i, with fewer built-in training programs and fewer fancy features like manual instead of digital buttons. But it's nearly the same size, has the same motor, and the same shock absorption — but for significantly cheaper.$899.00 FROM LIFESPANOriginally $1199.00 | Save 25%Best Cyber Monday 2021 style & beauty dealsKiehl's Powerful-Strength Vitamin C SerumThis serum by Kiehl’s boasts its ability to reduce fine lines, and customers agree—one even called it “botox in a bottle.”$44.00 FROM KIEHL'SOriginally $88.00 | Save 50%$70.00 FROM SEPHORAKiehl's Creamy Eye Treatment with Avocado This hydrating, fragrance-free eye cream de-puffs under-eyes. $25.00 FROM ULTAOriginally $50.00 | Save 50%$25.00 FROM KIEHL'SOriginally $50.00 | Save 50%Anastasia Beverly Hills Sugar Glow KitA palette with four metallic highlighter shades compatible with many skin tones, the Sugar Glow Kit is nice to have to change up your daily highlight or to do someone else's. Down to $20, this is a solid price on a palette from a brand known for it's popping highlights.$20.00 FROM SEPHORAOriginally $40.00 | Save 50%Fenty Beauty Portable Contour & Concealer BrushFenty Beauty Portable Contour & Concealer Brush $6.00 FROM FENTY BEAUTY Originally $24.00 | Save 75%Levi's Men's 501 Original Fit JeansNot too skinny and not too baggy, the Levi's 501 features a timeless fit that you'll be able to wear for years to come.$35.70 FROM LEVI'SOriginally $59.50 | Save 40%$35.70 FROM KOHL'SOriginally $59.50 | Save 40%$32.79 FROM AMAZONOriginally $59.50 | Save 45%Levi's 501 Original Fit JeansA blank canvas for self-expression, featuring the iconic straight fit and signature button fly.$58.80 FROM LEVI'SOriginally $98.00 | Save 40%Adidas Adilette Boost SlidesWith full-length Boost soles, these slides are designed for ultimate comfort.$35.70 FROM ADIDAS Originally $60.00 | Save 41%L.L.Bean Wicked Good Slippers - Men'sThis shearling-lined, leather-bottom slipper is one of the best men's slippers we've ever tried.$75.65 FROM L.L.BEANOriginally $89.00 | Save 15%L.L.Bean Wicked Good Shearling-Lined Slides - Women'sThese ridiculously-cozy, shearling-lined slides are easy to slip on and off, and keep your feet toasty around the house.$67.15 FROM L.L.BEANOriginally $79.00 | Save 15%L.L.Bean Toddlers' Wicked Good SlippersEverything we love about L.L.Bean's Wicked Good Slippers — but mini. These shearling-lined, leather-soled booties will keep kid's feet, sizes 3-10, toasty around the house and in a stroller.$33.96 FROM L.L.BEANOriginally $39.95 | Save 15%Lululemon Hooded Define JacketA fan-favorite, now with a hood. Between the technical fabric and a do-anything fit, it's easy to see why this one's a hit. Right now you can save up to 50% on this versatile piece, but sizes are selling out quickly. $64.00 FROM LULULEMONOriginally $128.00 | Save 50%Bombas Women's Gripper Slipper (Sherpa Lined) 2-PackA mix between socks and slippers, Bombas' Gripper Slippers include a cozy sherpa lining and sole grippers to prevent slips. $72.95 FROM BOMBASOriginally $96.00 | Save 24%Columbia Men's Lake 22 Down Hooded JacketThis water-resistant jacket is stocked with 650-fill power down insulation, zippered hand pockets, and a structured hood to keep you zipped up and toasty through any winter weather.$69.98 FROM COLUMBIAOriginally $140.00 | Save 50%Adidas Climacool VentoThe Adidas Climacool Vento features a highly breathable mesh upper to help keep your feet cool.$98.00 FROM ADIDASOriginally $140.00 | Save 30%Nike Adapt Auto MaxThe Nike Adapt Auto Max uses advanced technology to automatically form to your foot without laces.$288.97 FROM NIKEOriginally $400.00 | Save 28%Nike Space Hippie 01The Nike Space Hippie 01 is made from 50% recycled materials and features a lightweight, track-inspired look.$77.56 FROM NIKEOriginally $130.00 | Save 40%Crocs Classic Clog (Unisex)The shoe that really started it all, the Classic Clog is comfortable, breathable, and easy to slip on whenever. With over 20 fun colors to choose from, you can’t go wrong.$39.99 FROM CROCSOriginally $49.99 | Save 20%$27.55 FROM AMAZONDagne Dover Indi Diaper BackpackDagne Dover's Indi Diaper Backpack adds a stylish neutral flair while holding every basic essential.$160.00 FROM DAGNE DOVEROriginally $200.00 | Save 20%Rough Linen St. Barts Linen RobeThe Rough Linen St. Barts Robe is made from top-notch linen that offers a light feel and a cool, casual look.$131.93 FROM ROUGH LINENOriginally $167.00 | Save 21%Kiehl's Since 1851 Avocado Nourishing Hydration MaskWinter is coming, and Kiehls' Avocado Mask is here to provide your skin with hydration all season long. This nourishing treatment infuses your face with avocado and evening primrose oils, offering sumptuous moisture after just one use. Plus, it's green tint is a total throwback. You can save 50% on a jar during Black Friday sale. $21.50 FROM MACY'SOriginally $45.00 | Save 52%Giorgio Armani Lip Magnet Liquid LipstickA liquid lip color that gives you a super matte look, but it's so light it feels like a lip stain. The formula is highly pigmented, smudge-resistant, and comfortable on your lips.$19.00 FROM NORDSTROMOriginally $38.00 | Save 50%Nike Sportswear Essential Fleece PantsMade from soft fleece material, these sweats are perfect for everyday comfort.$48.00 FROM NORDSTROMOriginally $60.00 | Save 20%Thread & Supply Double Breasted PeacoatThis peacoat from Thread & Supply is a classic with a twist. The oversized buttons extend up the lapel to the collar, giving you the option to bundle up if necessary. And if you don't love it in black, never fear — you can save 31% on this coat in black, camel, or light gray. $39.90 FROM NORDSTROMOriginally $58.00 | Save 31%True & Co. True Body Triangle Convertible Strap BraletteThe convertible straps on this wireless bra can be worn either straight or crisscrossed, and the smooth material appears invisible under clothes.$30.80 FROM NORDSTROMOriginally $44.00 | Save 30%Chaps Mens Long Sleeve Button DownMade from an easy-to-care-for cotton blend and a dose of stretch, this men's button-down shirt will keep you looking polished all day.$19.98 FROM WALMARTOriginally $60.00 | Save 67%Nine West Car Coat CardiganThi cozy topper is part coat, part cardigan, and will keep you warm all winter. Save an extra 15% on this cardigan with the code ENJOY15 at checkout.$35.99 FROM KOHL'SOriginally $60.00 | Save 40%When is Cyber Monday?Cyber Monday falls on the Monday after Black Friday every year. In 2021, the shopping event will land on November 29.As a continuation of sorts to Black Friday, Cyber Monday gives shoppers another opportunity to save on tech, home goods, clothing, and more that you might've missed while digesting Thanksgiving dinner. Unlike Black Friday, though, Cyber Monday is entirely online.What time does Cyber Monday start?Cyber Monday officially begins at 12 a.m. ET on November 29. That said, the event is expected to carry over many deals from Black Friday, so some discounts are already available.What is Cyber Monday?Cyber Monday began as the online version of Black Friday, where online retailers offered big discounts to match their brick-and-mortar counterparts. Now, Cyber Monday is one of the biggest shopping days of the year, often surpassing even Black Friday in terms of revenue and sales. Previously, the main distinction between Black Friday and Cyber Monday was that Black Friday focused on in-store sales and Cyber Monday on online sales. But as shopping habits have increasingly favored the internet, shoppers can look forward to a very online-focused Cyber Monday and Black Friday. Cyber Monday offers a great opportunity to save on all your holiday gifts. How long do Cyber Monday sales last? Though Cyber Monday sales once took place on Monday only, we've seen them extend to longer and longer durations, with a handful lasting through the rest of the week. However, the best discounts we see are in limited supply and expire soon after they become available.What's better, Black Friday or Cyber Monday?With more and more buyers shopping online, the debate over which shopping holiday wins, is practically moot. Both events will be held predominantly online, and more than a few deals overlap. In fact, many Black Friday deals become Cyber Monday deals when the dates change. If possible, buyers should shop on both holidays. We've seen different products receive better discounts on each day, and the deals that each retailer offers will vary. Generally speaking, consumers shopping for big-ticket items, such as laptops, TVs, and kitchen appliances, can expect more opportunities on Black Friday. Shoppers looking for last year's models, smart home gadgets, digital subscriptions, and gift cards will likely find more luck during Cyber Monday.What should I buy during Cyber Monday?If a retailer offers Black Friday deals, it's a near guarantee that it will offer Cyber Monday deals, too. Amazon, Best Buy, Target, and Walmart are some noteworthy retailers that we know will participate in the shopping event, with deals across many product categories.We will likely see massive discounts on some of our favorite direct-to-consumer products during Cyber Monday, such as retail startups like Leesa and Brooklinen. For some online stores, Cyber Monday (or Cyber Week) will be one of the few times of the year when their products see major markdowns.Will there be Cyber Monday shipping delays?Shipping delays and shopping holidays are inextricably linked, so there's always a risk of late deliveries.To help you avoid the shipping crunch and get your stuff sooner, several retailers, including Walmart, Target, and Best Buy, offer in-store pickup and contactless curbside pickup. This means shoppers can grab their orders at a nearby location, provided that the retailer has it in stock. Best Cyber Monday deals we saw last yearLast year, we saw a lot of great sales on Cyber Monday ranging from sitewide discounts to specific products. Everything from home and kitchen, to subscription services were on sale during last year's annual savings event.Here are a few of the best Cyber Monday deals from 2020.  Philips Sonicare DiamondClean Classic Rechargeable Electric Toothbrush was $179 from Kohl's, originally $229.FujiFilm Instax Mini 11 Camera Bundle was $70 from Kohl's on Cyber Monday last year, originally $120.Keurig K-Supreme Single Serve K-Cup Pod Coffee Maker was $84 from Target on Cyber Monday last year, originally $140.How we select the best Cyber Monday dealsWe only choose products that meet our high standard of coverage, and that we've either used ourselves or researched carefully.We compare the prices among top retailers such as Amazon, Best Buy, Target, and Walmart and only include the deals that are better than all others offered (not including promotional discounts that come from using certain credit cards).All deals are at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsized value.Read more about how the Insider Reviews team evaluates deals and why you should trust us.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 29th, 2021

The 38 best Black Friday 2021 deals from Amazon, Best Buy, Walmart, Target, Kohl"s, and more

We're live-blogging the best 2021 Black Friday deals in real-time all day long from Amazon, Walmart, Target, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Kohl's; Sardel; Amazon; Apple; Nike; Alyssa Powell/InsiderFinding the best Black Friday deals isn't always as simple as it seems. With every major retailer running their own version of the massive sale, figuring out what's available and whether it's a good deal or not can turn into more of a chore than it needs to.We're here to help. Throughout the day, we'll be updating this page with the best Black Friday discounts and lightning deals so you don't have to wade through 200 pages of sales to find the true hidden gems.Keep in mind that many of the deals available throughout Black Friday only run for a few hours (or in limited quantities). Take Amazon's aptly named Lightning Deals, for instance. These are intentionally active for a short period of time with a set number of the product available for purchase — once the timer gets to zero, or the deal reaches 100% claimed, the discount ends.Our list is sorted by the newest deal first, and we'll be updating it multiple times every hour. Check back frequently for the freshest Black Friday deals across all retailers like Best Buy, Amazon, Target, Walmart, and others.The best Black Friday shopping deals right nowUp to 50% off the FitbitsLisa Eadicicco/InsiderFitbit Charge 4The Charge 4 hits a budget-friendly price point while offering stellar activity tracking in a smaller footprint than a smartwatch.$69.00 FROM WALMARTOriginally $149.94 | Save 54%$129.94 FROM BEST BUYFitbit SenseThe 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. $199.95 FROM AMAZONOriginally $299.95 | Save 33%$199.95 FROM BEST BUYOriginally $299.95 | Save 33%$199.95 FROM FITBITOriginally $299.95 | Save 33%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Up to 50% off Casper mattresses and beddingJames Brains/InsiderSave up to 50% off at CasperCasper Nova Hybrid Mattress (Queen)Casper's Nova Hybrid Mattress is a great option for people looking for a soft and plush yet supportive mattress. $1466.50 FROM CASPEROriginally $2095.00 | Save 30%Casper Original Mattress (Queen)The Casper mattress has a firm feel that provides excellent support right to the edge, and it will keep your body cool through the night. $876.00 FROM CASPEROriginally $1095.00 | Save 20%$876.00 FROM AMAZONOriginally $1095.00 | Save 20%$875.99 FROM MACY'SOriginally $1095.00 | Save 20%Casper Hyperlite Sheet Set (Queen)Over the years, we've tested several Casper sheet sets and loved them all. Our current favorite is the Casper Hyperlite Sheet Set, which we recommend in our guide to the best sheets.$129.00 FROM CASPEROriginally $258.00 | Save 50%$30 off select products at Chewy when you spend $100Chewy is hiring across multiple teams in 14 states.ChewyChewy Pet ProductsThis Black Friday, Chewy is offering $30 off purchases of $100 or more. This is only for select products, including food, treats, beds, and more.$70.00 FROM CHEWYOriginally $100.00 | Save 30%38% off the Bissell SpinWave Robot VacuumJames Brains/InsiderBissell SpinWave Robot VacuumThe 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. $249.00 FROM AMAZONOriginally $399.99 | Save 38%$299.00 FROM WALMARTOriginally $399.99 | Save 25%25% off sitewide at Wild OneShoshi Parks/InsiderSave 25% off sitewide at Wild OneWild One LeashWild One’s waterproof leash comes in a variety of fun and bright colors to choose from. Right now, you can save 20% sitewide at Wild One and get this adjustable leash for $58 with the Insider-exclusive promo code. $43.50 FROM WILD ONEOriginally $58.00 | Save 25%Wild One Travel CarrierThe uniquely designed Wild One Travel Carrier offers comfort and convenience in the air and at your destination. To save $20 on each carrier you purchase, enter code INSIDERTC20 at checkout. $93.75 FROM WILD ONEOriginally $125.00 | Save 25%Wild One Harness Walk & Play KitSome of Wild One’s most coveted items are included in their walk and play kit. Choose from four different colors for your harness, leash and poop bag carrier. They’ll complete the package with three matching natural rubber toys, including the treat-dispensing twist toss and a triangle tug.$117.25 FROM WILD ONEOriginally $157.00 | Save 25%37% off Ecovacs Deebot T8 AIVI Robot VacuumJames Brains/InsiderEcovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$469.99 FROM AMAZONOriginally $749.99 | Save 37%$799.99 FROM BEST BUY35% off the DeWalt Atomic Max Cordless Drill KitAmazonDewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 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. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Up to 43% off Eufy robot vacuumsAmazonEufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$249.99 FROM EUFYEufy RoboVac G30 EdgeThe G30 Edge is a high-end model from a budget manufacturer. It comes with plenty of useful features. The Edge struggles with carpeting and in corners, but it performs well on hard floors.$199.99 FROM AMAZONOriginally $349.00 | Save 43%25% off the Aarke Carbonator III Soda MakerAmazonAarke Carbonator IIIThe Aarke Carbonator III uses a simple pull-down handle to create intense levels of fizz, and its beautiful design will fit right in among your countertop appliances.$164.25 FROM AMAZONOriginally $219.00 | Save 25%$164.25 FROM NORDSTROMOriginally $219.00 | Save 25%Buy one MasterClass membership get one freeMasterClassMasterClass 2-for-1 membershipGet two MasterClass subscriptions for the price of one! Each subscription gets you access to all of MasterClass, so you can watch or sample unlimited celebrity and expert-led classes across a wide range of topics.$180.00 FROM MASTERCLASSOriginally $360.00 | Save 50%Free 3 months of Amazon Music UnlimitedAlyssa Powell/InsiderAmazon Music Unlimited New subscribers can get 3 months of access to Amazon's Music Unlimited streaming service for free for a limited time.FREE FROM AMAZONOriginally $9.99 | Save 100%20% off sitewide at BrooklinenBrooklinenSave 20% off sitewide at BrooklinenBrooklinen Weighted Comforter (15 lb)Brooklinen's Weighted Comforter has a premium plush design that blends seamlessly with the rest of your bedding.$199.20 FROM BROOKLINENOriginally $249.00 | Save 20%Brooklinen Down PillowThe mid-plush Brooklinen Down Pillow conforms well to different sleeping positions, making it the ideal pillow for people who shift throughout the night. It feels as good as pillows double its price.$55.20 FROM BROOKLINENOriginally $69.00 | Save 20%Brooklinen Luxe Core Sheet Set (Queen)If you take your sleep comfort seriously, the pampering touch and good looks of Brooklinen's Luxe Sheets will have you sleeping like a baby.$140.00 FROM BROOKLINENOriginally $175.00 | Save 20%$140.00 FROM AMAZONOriginally $175.00 | Save 20%Brooklinen Heathered Cashmere Duvet Cover (Queen)The Brooklinen Heathered Cashmere Duvet Cover is brushed for extra softness and coziness. Not only is it comfortable, but it's also designed with extra long corner ties and larger-than-average buttons to make changing your duvet cover easy. $223.20 FROM BROOKLINENOriginally $279.00 | Save 20%Brooklinen All-Season Down Comforter (Queen)The Brooklinen All-Season Down Comforter is a soft, light, and comfortable choice that's airy and warm but remains breathable so you can use it any time of the year.$287.20 FROM BROOKLINENOriginally $359.00 | Save 20%$287.20 FROM AMAZONOriginally $359.00 | Save 20%22% off the NordicTrack Commercial 2950 TreadmillAmazonNordicTrack Commercial 2950 TreadmillNordicTrack's Commercial 2950 treadmill utilizes iFit's library of more than 1,500 interactive workouts, folds easily to free up space, and has excellent speakers.$2499.00 FROM AMAZONOriginally $3199.00 | Save 22%$2399.98 FROM BEST BUYOriginally $3199.00 | Save 25%58% off the Crock-Pot Express Crock XL MulticookerJames Brains/InsiderCrock-Pot Express Crock XL Multicooker (8-quart)The Crock-Pot Express Crock XL Multicooker performed well in all of our cooking tests, and its button controls make programming it a snap.$59.49 FROM KOHL'SOriginally $139.99 | Save 58%$115.49 FROM AMAZON54% off the Instant Pot Duo Plus Pressure CookerAmazonInstant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$59.99 FROM TARGETOriginally $129.99 | Save 54%40% off the Echo (4th gen)Lisa Eadicicco/InsiderAmazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%33% off the Roomba i3+AmazoniRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Up to 40% off Away luggageAwayAway The Everywhere Bag (Leather)This weekend bag is the leather version of The Everywhere Bag in nylon, but it's just as durable. Great for a quick getaway for work or play, there's room for clothes, a laptop, and travel essentials. It's also great as an everyday bag when you need the extra space for workout gear.$147.00 FROM AWAYOriginally $245.00 | Save 40%45% off the Cuisinart Chef's Classic Cookware SetKohl'sCuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%97% off a 3-Month Membership for Xbox Game Pass for PCMicrosoftXbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%50% off a pair of Beats Solo3BeatsBeats Solo3The Solo3 headphones are perfect for commuting, studying, the gym, or zoning out during family road trips. They deliver clear audio, up to 40 hours of battery life, and five minutes of charging equals three hours of playback.$99.99 FROM TARGETOriginally $199.95 | Save 50%$99.99 FROM AMAZONOriginally $199.95 | Save 50%23% off a Smart Roku TVTCLTCL 40" Class 3-Series Full HD Smart Roku TV – 40S325TK$229.99 FROM TARGETOriginally $299.99 | Save 23%36% off a pair of AirPods ProAmazonApple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $159.00 FROM WALMARTOriginally $249.99 | Save 36%$159.00 FROM AMAZONOriginally $249.99 | Save 36%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$209.00 FROM B&HOriginally $249.00 | Save 16%Up to 47% off the tech for your home at Kohl'sAmazonAmazon Echo Show 5 (2nd Gen)The Echo Show 5 has a compact 5-inch screen, making it perfect for use as a smart alarm clock on your bedside table or handy companion in your kitchen$44.99 FROM KOHL'SOriginally $84.99 | Save 47%$44.99 FROM AMAZONOriginally $84.99 | Save 47%Google Nest Learning Thermostat 3rd GenerationThe ever-popular Nest thermostat can help you lower your energy bills. It's compatible with a wide range of heating and cooling systems, though you'll definitely want to make sure it works with your setup before you buy. $179.00 FROM KOHL'SOriginally $249.99 | Save 28%$179.00 FROM AMAZONOriginally $249.99 | Save 28%$179.99 FROM WALMARTOriginally $249.00 | Save 28%$249.99 FROM BEST BUY$249.00 FROM TARGET$199.00 FROM ADORAMAOriginally $249.99 | Save 20%Bissell CrossWave All-in-One Multi-Surface Wet Dry VacThis floor cleaner can vacuum and mop all in one go.$227.49 FROM KOHL'SOriginally $319.99 | Save 29%50% off a Fleece JacketKohl'sColumbia Women's Benton Springs Full Zip Fleece JacketWomen's Benton Springs Full Zip Fleece Jacket$29.99 FROM KOHL'SOriginally $60.00 | Save 50%$28.99 FROM AMAZONOriginally $47.89 | Save 39%What is Black Friday?Black Friday is a yearly sales event that occurs at the end of November, right before the traditional holiday shopping season. When is Black Friday 2021?Black Friday always happens on the Friday after Thanksgiving. This year, Black Friday falls on November 26, 2021 at 12 a.m. local time. How long do Black Friday sales last?While Black Friday is technically one day long, the sales often being for days and even weeks around the actual shopping day, sometimes for a week after Cyber Monday. Due to shipping delays this year, some sales began even earlier.What deals can you expect to find on Black Friday?Because it happens a few weeks before December, Black Friday is a great time to buy and save on all your holiday gifts.You can expect to find a lot of "doorbusters," sales that drop prices to all-time lows across categories like tech, home and kitchen, and fashion.While you can expect a wide range of sales, we recommend you go in knowing what you're looking for so you don't spend money on a flashy discount. Some historically great Black Friday deals have included big-ticket electronics ( like large TVs), Amazon Echo products, Xbox and Playstation games, Instant Pot, KitchenAid appliances, and various home products like toilet paper.Additionally, the following product categories can especially offer great discounts: TVsSmart home devicesGaming consoles and video gamesKitchen appliancesIs Black Friday or Cyber Monday better for sales?Cyber Monday occurs three days after Black Friday (it falls on Monday, November 29 this year). However, we've seen Black Friday and Cyber Monday deals blend together into a week- or even month-long affair. We recommend jumping on a good deal when you see it — especially when you can cancel your order or return it. If you do find a better deal on Cyber Monday and already made a purchase, you can also ask the original storefront to match the price and some retailers automatically refund you the difference.For those shopping in person during Black Friday, we recommend doing so in these situations:For expensive productsFor major storesFor this year's productsWill there be Black Friday shipping delays?Shipping delays and major shopping holidays go hand in hand, and this year is no exception. Supply chain issues are especially cropping up this year, so it's good to keep shipping deadlines in mind. How does Insider find the best Black Friday deals?We only choose products that meet our high standard of coverage — that we've either tested ourselves or researched thoroughly.We compared the prices against other retailers and only included the deals that are the same or better (not including promotional discounts that come from using certain credit cards).All deals are at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsized value.Read more about how the Insider Reviews team vets deals here.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 26th, 2021

5 ETFs to Benefit From a Likely Record Cyber Week Sales

The National Retail Federation said about 2 million more people than last year are expected to fill their shopping cart from Thanksgiving Day through Cyber Monday this year. Just as shoppers are readying to grab the Black Friday deals, retailers have started preparing for Cyber Monday — the next big shopping event. In fact, Cyber Monday has grabbed maximum consumer attention in the recent past as "the preferred day for deals."The National Retail Federation said about 2 million more people than last year are expected to fill their shopping cart from Thanksgiving Day through Cyber Monday this year. Cyber Week (Thanksgiving through Cyber Monday) is expected to drive $36 billion in online spending — 17% of the entire holiday season, per Adobe.Adobe projects that Cyber Monday will remain the biggest day of the year at $11.3 billion in sales (up 4% year over year), with Black Friday sales likely to come in at $9.5 billion (up 5% year over year) and Thanksgiving sales of around $5.4 billion (up 6% year over year).This puts the spotlight on ProShares Online Retail ETF ONLN, Wedbush ETFMG Video Game Tech ETF GAMR, AdvisorShares Restaurant ETF EATZ, SPDR S&P Retail ETF XRT and Technology Select Sector SPDR Fund XLK.We Are Likely to See Record Cyber Week SalesAccording to Deloitte’s 2021 Holiday Retail Survey, 34% of respondents plan to shop on Cyber Monday this year, up 29% year over year, as quoted on street.com. A record $10.8 billion was shelled out online by the end of Cyber Monday 2020. Some industry experts expect new records this year with Salesforce forecasting online holiday sales reaching a record $1.2 trillion globally.Adobe released its forecast for global e-commerce sales of a record year at $910 billion with the United States making up about 23% of the total. Adobe also expects U.S. holiday sales online to hit $207 billion from Nov 1 to Dec 31, creating a new record.Buy Now Pay Later (BNPL) is an emerging and key consumer trend, which is fueling retail sales. Adobe expects over $4 trillion to be spent globally in all of 2021 — marking a key achievement for e-commerce.NRF survey revealed that clothing is the first choice of consumers and is expected to be given by 53% of shoppers, followed by gift cards at 46%, toys at 39%, books/music/movies/video games at 35% and food/candy at 31%.Spending on gift cards spending is expected to total $28.1 billion, the highest tally since $29.9 billion in 2018. Shoppers plan to buy an average three or four cards this year with an average $48.92 per card, including restaurant cards (pointed out by 32%), department store cards (26%), bank-issued gift cards (26%) and coffee shop cards (20%), per NRF.Against this backdrop, below we highlight a few ETFs that are great bets in the current scenario.ETFs in Focus ProShares Online Retail ETF The udunderlying ProShares Online Retail Index is a specialized retail index that tracks retailers that principally sell online or through other non-store channels. Amazon.com takes about 26.1% of ONLN.Wedbush ETFMG Video Game Tech ETF Video games are among the top toys’ category for holiday 2021. The underlying EEFund Video Game Tech Index of GAMR tracks companies actively involved in the electronic gaming industry, including the entertainment, education and simulation segments.AdvisorShares Restaurant ETF The AdvisorShares Restaurant ETF is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing at least 80% of its net assets in securities of companies that derive at least 50% of their net revenues from the restaurant business.SPDR S&P Retail ETFSPDR S&P Retail ETF invests about 20% in apparel retail. The underlying S&P Retail Select Industry Index represents the retail sub-industry portion of the S&P TMI. The S&P TMI tracks all the U.S. common stocks listed on the NYSE, AMEX, NASDAQ National Market and NASDAQ Small Cap exchanges.Technology Select Sector SPDR Fund Apple takes about 22% of Technology Select Sector SPDR Fund. Apple’s products are always hot in the holiday season. Microsoft also takes 22.3% of XLK. Microsoft’s Xbox is another hot pick this cyber week. The underlying Technology Select Sector Index includes companies from the following industries: computers & peripherals; software; diversified telecommunication services; communications equipment; semiconductor & semiconductor equipment; internet software & services; IT services; wireless telecommunication services; electronic equipment & instruments; and office electronics.     Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>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 Technology Select Sector SPDR ETF (XLK): ETF Research Reports SPDR S&P Retail ETF (XRT): ETF Research Reports Wedbush ETFMG Video Game Tech ETF (GAMR): ETF Research Reports ProShares Online Retail ETF (ONLN): ETF Research Reports AdvisorShares Restaurant ETF (EATZ): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021

Chautauqua"s $2.26B Build total includes $9M revival of former Welch Food HQ

Town of Westfield Supervisor Martha Bills calls the potential impact from the renovated Welch Foods Inc. headquarters a “building block.” “We have out-of-town interests willing to invest $9 million in a landmark building and change the culture of that building,” Bills said. “This is not a cliché when I call it a game changer for our town and this part of” Chautauqua County. Rant LLC, a St. Louis-based developer, partnered with Buffalo’s Savarino Cos. to renovate the former Welch….....»»

Category: topSource: bizjournalsNov 25th, 2021