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Comfort Inn developer eyes project along I-65

A busy area in Shelby County may soon have a Comfort Inn......»»

Category: topSource: bizjournalsJan 25th, 2023

Futures Top 4,500 As Market Meltup Accelerates

Futures Top 4,500 As Market Meltup Accelerates Over the weekend, a Goldman flow trader explained why it expected a powerful market meltup to emerge in coming days, and this time Goldman was right because after trading at 4317 just one week ago, spoos are now almost 200 points higher, rising above 4500 this morning after a powerful ramp pushed US equity futures and global markets as an upbeat profit forecast from Johnson & Johnson which boosted (get it "boosted") its Revenue and EPS guidance, added to the positive momentum in corporate earnings generated by big banks last week and helped counter concerns about elevated inflation. At 715 a.m. ET, Dow e-minis were up 183 points, or 0.52%, S&P 500 e-minis were up 22.75 points, or 0.51%, and Nasdaq 100 e-minis were up 61.75 points, or 0.40%. Treasury yields were unchanged at 1.60% and the dollar slumped to a 4 week low. In premarket trading Johnson & Johnson - whose covid vaccine will soon be "mixed and matched" with mRNA platforms - rose 1.7% after it raised its 2021 adjusted profit forecast, even as it stuck to its outlook of $2.5 billion in sales from its COVID-19 vaccine this year. Walmart rose 2% after Goldman Sachs added the world’s largest retailer to its “Americas Conviction List”. Travelers Cos Inc rose 2.7% after the property and casualty insurer beat estimates for third-quarter profit. Large-cap FAAMG names all rose between 0.3% and 0.7%. Netflix Inc rose 0.1% ahead of its quarterly results later in the day, where it is expected to report blowout guidance for subscriber growth on the back of Squid Games. Here are some of the biggest U.S. movers today: Crypto stocks in spotlight as Bitcoin continued its climb toward all-time highs, bolstered by optimism over the launch of the first Bitcoin futures exchange-traded fund in the U.S. on Tuesday Hive Blockchain (HIVE US) +1.8%, Riot Blockchain (RIOT US) +2.3%, Marathon Digital (MARA US) +0.9%, Bitfarms (BITF US) +3.9% AgEagle Aerial Systems (UAVS US) shares rise as much as 16% in U.S. premarket after the provider of drones, sensors and software entered into a definitive agreement to buy Sensefly from Parrot at a valuation of $23m in cash and stock Steel Dynamics (STLD US) +1.5% in U.S. premarket trading after it reported 3Q adj. EPS above average analyst estimate Frontline (FRO US) jumps 6.5% in U.S. premarket trading, helped by rising oil prices Apple (AAPL US) marginally higher Tuesday premarket after analysts were upbeat on the company following an event where it showcased a revamp of its MacBook Pro laptops, along with new audio products EverQuote (EVER US) shares slipped Monday postmarket after co. cut 3Q revenue outlook TaskUS (TAS US) fell 6.8% Monday postmarket after holders offered shares via Goldman Sachs, JPMorgan Markets have taken comfort from robust earnings, but also grappling with the prospect of tightening monetary policy to quell price pressures. As Bloomberg notesm, traders are waiting to see if a slate of Federal Reserve speakers this week will try to calm the jitters stemming from the scaling back of pandemic-era policy support. “The world is watching interest rates more closely than it has for some time -- and rightly so, the moves have been emphatic, especially in the short-term maturities,” Chris Weston, head of research at Pepperstone Financial Pty, wrote in a note. He added it’s “impressive how resilient and calm markets are in the face of the rates repricing.” Still, the recent bounce in the Nasdaq 100 index has failed to shoo away the bears, with net short positions on the tech-heavy benchmark higher than at the peak of the pandemic, Citigroup strategists said. J&J, P&G, Philip Morris, Netflix and United Airlines are scheduled to report today. “We’ve seen companies post some fairly decent beats,” said Michael Hewson, chief market analyst at CMC Markets in London. “While it’s been notable that most have cited concerns about rising costs, as well as supply-chain disruptions, we haven’t seen many significant profit downgrades yet.” In Europe, gains for mining companies outweighed a retreat for the travel industry, lifting the Stoxx Europe 600 Index up 0.2%. Danone dropped 2.2% in Paris after the French food giant reported sales that were overall in line with expectations, but warned of rising costs of milk, packaging and transportation. Ericsson AB fell after sales were hit by supply chain issues.  Miners and oil & gas are the strongest sectors, healthcare and travel underperform. Here are some of the biggest European movers today: Moneysupermarket.com shares climb as much as 8.9% after the British price comparison website posted its 3Q update and announced the acquisition of cashback site Quidco for GBP101m in cash. Hochschild gains as much as 6.8% after the silver miner said it plans to spin off the rare earths project it bought two years ago and list the new company in Canada. Software AG drops as much as 14%, the most since 2014, after the company cut its FY bookings growth guidance in the Digital Business segment, which analysts highlight as a negative. Bachem falls as much as 11% to CHF745 after placing 750,000 new shares at CHF778 apiece to raise CHF584m for growth. Beijer Ref trades down as much 7.2% after the cooling and heatings systems manufacturer missed analyst estimates on both sales and profit in 3Q. Earlier in the session, Asian equities gained, buoyed by a rebound in technology shares listed in Hong Kong and elsewhere in the region amid better-than-expected earnings and lower valuations. The MSCI Asia Pacific Index climbed as much as 1%, as TSMC and Alibaba provided some of the biggest boosts. The Hang Seng Tech Index rose to its highest since Sept. 13, as Chinese authorities are said to be considering opening up access for content on Tencent and ByteDance platforms to search engines such as Baidu. “Markets are currently adjusting their expectations around regulatory risks,” said Jun Rong Yeap, market strategist at IG Asia.  Most benchmarks in the region were in the green as the earnings season comforted edgy investors, who are keenly watching inflation figures, supply chain bottlenecks and China’s growth slowdown. The Asian measure crossed above a key technical level that it’s been flip-flopping around for most of 2021. Some material and energy stocks took a breather, even as supply shortages and strong demand cause a price surge for raw materials. Profits for Asian oil refiners have shot back up to pre-pandemic levels as the shortage of gas and coal sparks a rush to secure alternative supplies. “The policy misstep, which I think is unlikely, is for central banks to confuse themselves by saying there’s inflation because of us, as aggregate demand is way too strong and so let’s fix a supply chain, Covid-driven pickup in costs by tightening monetary policies,” Ajay Kapur, head emerging markets strategy at BofA Global Research told Bloomberg Television. In a notable development, China Evergrande Group’s main onshore unit paid interest due Tuesday on a yuan bond, Reuters reported, citing four people with knowledge of the matter. Japanese equities rose, powered by advances in technology stocks as cyclicals fell. Electronics makers and telecommunications providers were the biggest boosts to the Topix, which gained 0.4%. Fast Retailing and SoftBank Group were the largest contributors to a 0.7% rise in the Nikkei 225. Australian stocks snapped a 3-day winning streak as banks, miners declined. The S&P/ASX 200 index fell 0.1% to close at 7,374.90, edging lower after three consecutive days of advances. Mining stocks and banks were the biggest drags on the benchmark. Appen was among the top performers, extending gains for a fifth straight session. Chalice Mining retreated, snapping a four-day winning streak. Higher interest rates would remove some of the heat from the nation’s property market, though it would come at the cost of fewer jobs and weaker wages growth, the Reserve Bank of Australia said in minutes of its October meeting released Tuesday.  In New Zealand, the S&P/NZX 50 index rose 0.5% to 13,065.92. “We are going to get a lot of information on whether margins are being squeezed by these shortages and higher prices and wages continuing to go up,” JoAnne Feeney, Advisors Capital Management partner and portfolio manager, said on Bloomberg Television. She added the delta-plus Covid variant could be among sources of volatility in the next few months. In rates, Treasury yields fell, led by the front end; Bund yields were also lower but by less than U.S. peers. Yields are richer by 2bp-3bp across front-end of the curve, cheaper by ~1bp across long-end, with 2s10s, 5s30s spreads steeper by 2bp-3bp; 10-year is little changed at 1.597%, with bunds, gilts lagging by ~2bp. Daily ranges remain narrow while bunds and gilts underperform. Stock index futures are rising, lifting S&P 500 futures to highest level in more than a month.  In FX, the Bloomberg Dollar Spot Index plunged as the dollar steepened its losses throughout the day; the greenback fell versus all of its Group-of-10 peers and risk-sensitive antipodean and Scandinavian currencies were the best performers.  The euro advanced a fifth consecutive day against the greenback to touch an almost three-week high of $1.1663. Options suggest the euro will rise above a string of resistance levels that it faces in the spot market. Australian and New Zealand dollars both advanced to the strongest in more than a month as lower Treasury yields dragged down the U.S. currency. Australia’s sovereign bonds rebounded after minutes from the nation’s latest central bank meeting prompted a rollback of early rate-hike bets. The central bank said it is committed to maintaining a supportive policy until actual inflation is sustainably within its 2%-3% target range. The yen snapped a three-day decline aided by falling U.S. yields and as traders saw the recent losses as excessive; Japan’s 20-year debt sale drew the lowest bid-to-cover ratio since 2015. In commodities, oil gained as Russia signaled that it won’t go out of its way to offer European consumers extra gas to ease the current energy crisis unless it gets regulatory approval to start shipments through the controversial Nord Stream 2 pipeline. Spot gold rallied, clawing back half of Friday’s losses to trade near $1,780/oz. Base metals are well bid. LME nickel and tin outperform, both rising over 2%. Looking at the day ahead, and we’ll hear from an array of central bank speakers, including the BoE’s Governor Bailey, Pill and Mann, the ECB’s Rehn, Centeno, Elderson, Panetta and Lane, along with the Fed’s Daly, Barkin, Bostic and Waller. Otherwise, US Data releases including September’s housing starts and building permits, and earnings today include Johnson & Johnson, Procter & Gamble, Netflix, Philip Morris International and BNY Mellon. Market Snapshot S&P 500 futures up 0.2% to 4,488.50 STOXX Europe 600 up 0.2% to 467.87 MXAP up 1.0% to 200.25 MXAPJ up 1.2% to 658.33 Nikkei up 0.7% to 29,215.52 Topix up 0.4% to 2,026.57 Hang Seng Index up 1.5% to 25,787.21 Shanghai Composite up 0.7% to 3,593.15 Sensex up 0.5% to 62,070.31 Australia S&P/ASX 200 little changed at 7,374.85 Kospi up 0.7% to 3,029.04 Brent Futures up 0.4% to $84.63/bbl Gold spot up 1.0% to $1,782.67 U.S. Dollar Index down 0.36% to 93.61 German 10Y yield rose 4.7 bps to -0.155% Euro up 0.4% to $1.1652 Top Overnight News from Bloomberg Bank of France Governor Francois Villeroy de Galhau says there is no reason to raise rates next year as inflation will come back below ECB’s 2% target, according to France Info radio interview U.S. Treasuries, European sovereigns, U.K. gilts and emerging-market credit are all set to lose money over the 12 months through September as dwindling coupons provide little cushion against rising yields, according to forecasts from Bloomberg Intelligence. Adding to the potentially toxic environment for bonds is the prospect of major central banks unwinding debt purchases and raising interest rates U.K. Prime Minister Boris Johnson promised to find a solution to Brexit’s Northern Ireland Protocol, a sign that a compromise will be reached with the European Union in a dispute that had threatened to spiral into a trade war. Bitcoin continued its climb toward all-time highs, bolstered by optimism over the upcoming launch of the first Bitcoin futures exchange-traded fund in the U.S. by asset manager ProShares China’s property and construction industries contracted in the third quarter for the first time since the start of the pandemic, weighed by a slump in real estate China’s central bank has room to cut the amount of cash banks must hold in reserve in order to boost liquidity and support economic growth, a government adviser said Contagion effects on inflation from the recent surge in energy prices can’t be excluded, but they are not the most likely scenario, Riksbank Deputy Governor Martin Floden says in parliamentary hearing A more detailed look at global markets courtesy of Newsquawk Asian equity markets were kept afloat with the region encouraged after the mostly positive lead from US, where equity markets shrugged off the hawkish calls on global rates and big tech gained including Apple which benefitted following its hardware event. ASX 200 (-0.1%) was initially marginally higher as tech mirrored the outperformance of the sector stateside and with notable gains in property stocks, although the advances in the index were capped and upside faded ahead of resistance at the 7,400 level and due to weakness in mining-related stocks following yesterday’s cooldown in commodity prices, as well as lower production results from BHP. Nikkei 225 (+0.7%) was underpinned as exporters benefitted from favourable currency flows, while the KOSPI (+0.7%) was also firmer with the index unfazed by the latest North Korean projectile launches which were said to be ballistic missiles and therefore banned under UN Security Council resolutions. Hang Seng (+1.5%) and Shanghai Comp. (+0.7%) adhered to the upbeat mood with Hong Kong the biggest gainer in the region amid strength across a broad range of sectors aside from energy due to the recent pullback in oil and with casino names also underwhelmed by weaker Q3 Macau gaming revenue compared with the prior quarter. Finally, 10yr JGBs nursed some of yesterday’s losses after global counterparts also found reprieve from the latest bout of bond selling pressure but with the recovery only marginal amid the mostly positive risk tone and following mixed results from the 20yr JGB auction. Top Asian News Alibaba Unveils One of China’s Most Advanced Chips Secretive Body Leads Xinjiang’s AI Policing, Report Finds China’s Central Bank Should Cut RRR, Government Adviser Says China’s Curbs on Fertilizer Exports to Worsen Global Price Shock European equities (Euro Stoxx 50 +0.1%; Stoxx 600 +0.2%) trade with an upside in an attempt to claw back some of yesterday’s losses with fresh macro impulses relatively light since Monday’s close. The Asia-Pac session was predominantly firmer with indices kept afloat by the mostly positive lead from the US and performance in the tech sector. As it stands, US equity index futures are marginally firmer with performance across the majors relatively even (ES +0.4%) as markets await a slew of large-cap earnings. In terms of market commentary, JP Morgan notes that global EPS revisions remain plentiful as sell-side analysts’ global EPS upgrades continue to outnumber EPS downgrades. That said, JPM is of the view that the trend is slowing. In terms of the sector breakdown, analysts note that Defensive Sectors show improving EPS revisions, whilst Global Cyclicals sectors such as Technology, Financials, Energy, Industrials and Discretionary dominate the largest upgrades. Back to Europe, sectors are mostly firmer with outperformance in Basic Resources amid upside in underlying commodity prices. Elsewhere, Retail names also outperform peers with some of the French luxury names such as Kering, LVMH and Hermes trying to claw back some of yesterday’s post-Chinese GDP losses with the former set to release earnings after-hours. To the downside, the Telecoms sector sits in modest negative as Ericsson (-0.3%) acts as a drag post-Q3 results. In terms of individual movers, Pearson (+3.6%) stands at the top of the Stoxx 600 after being upgraded at Credit Suisse, whilst Iberdrola (+3.2%) is also a notable gainer amid news that it is to invest USD 8.3bln into a North Sea wind farm complex – its largest global investment. Laggards include Teamviewer (-4.8%) following a broker downgrade at Exane, whilst broker action has also hampered IAG (-3.5%). In terms of large cap earnings, Danone (-1%) shares are seen lower after flagging rising costs and a slowdown in sales growth. Top European News European Gas Prices Drop on Windy and Mild Weather Forecasts Most of Barclays’ U.S. Workers Now Back in Office, Staley Says Poland Escalates Rule-of-Law Dispute, Risking EU Recovery Money Goldman Sachs Investment Banker Joins Nordic Venture Fund Hadean In FX, a downbeat session for the Dollar thus far as the index retreats further from the 94.000 mark to extend the lower bound of a two-week range. There has been little in terms of fundamental catalysts to trigger the selloff as yields remain elevated (albeit off recent highs), and market sentiment remains tentative. State-side, there is a lack of developments Capitol Hill, with US President Biden stating that he is "right now" going to try for a deal with Moderate Democratic Senator Manchin, while it was separately reported that Senator Manchin said he does not see how a deal on Biden's agenda will happen by October 31st. The DXY is more interesting from a technical standpoint after falling just short of the 100 WMA (94.213) during yesterday's session to a high of 94.174 and losses exacerbated overnight by a breach of support at the 21 DMA (98.879) – with the line acting as firm support over the past three consecutive trading sessions. The next levels to the downside naturally reside at the 93.500 mark – with clean air seen until the psychological mark. Below that, the September 28th low resides at 93.360, followed by the 50 DMA at 93.242 and the 27th Sept base at 93.206. Ahead, the data docket remains light, but Fed speak is abundant, although from regulars. AUD, NZD, CAD - The antipodeans top the G10 chart, with the NZD the marked outperformer as participants mull stepper RBNZ rate hikes following yesterday's hot Kiwi CPI metrics. ANZ Bank brought forward its forecast for the RBNZ to lift the OCR to a neutral rate of 2% by August 2022 from a prior forecast of a neutral rate by the end of 2022. NZD/USD surpassed its 200 DMA - which matches the 0.7100 psychological level (vs low 0.7079). The pair now probes 0.7150 with some potential resistance seen at 0.7156 (September 10th high), 0.7167 (September 6th high), and 0.7170 (September 3rd high). The Aussie meanwhile saw a relatively mundane RBA minutes release, but the AUD optimism is likely spurred by the rebound in base metals. AUD/USD found support at its 100 DMA (0.7406) and inches closer towards 0.7450. Gains in the CAD are still somewhat hampered by the slide in crude prices yesterday; nonetheless, USD/CAD re-eyes levels last seen in July. EUR, GBP, JPY - All benefit from the softer Dollar, although the Sterling fares slightly better as BoE market pricing provides further tailwinds; markets are currently assigning a 78% probability of a 25bps hike at the November 4th confab. HBSC weighed in this morning and suggested the economic fundamentals do not appear to have changed sufficiently to warrant the recent market move, with market pricing looking too aggressive given the balance of supply and demand in their view. This followed GS and JPM reeling in their BoE hike forecasts yesterday. GBP/USD extends upside above 1.3800 and topped its 100 DMA situated at 1.3809. On the UK docket, BoE’s Mann and Chief Economic Pill could provide some more meat on the bones following Governor Bailey’s weekend remarks. EUR/USD was bolstered above its 21 DMA (1.1620) and posts gains north of 1.1650 at the time of writing, with the pair also eyeing chunky OpEx with EUR 1.3bln between 1.1600-15 and EUR 581mln between 1.1670-75. EUR/GBP meanwhile tests 0.8450 to the downside from a current 0.8463 high. USD/JPY has pulled back after failing to breach resistance just ahead of the 114.50 mark, with the softer Buck bringing the pair back towards the 114.00 ahead – with Friday's base at 113.63. In commodities, WTI and Brent front-month futures are nursing yesterday’s wounds and prices remain elevated despite a lack of fresh catalysts and with the macro landscape little changed as of late. The themes remain a) OPEC+ supply, b) supply crunch in the natural gas, LNG, electricity, and coal markets and c) winter demand. Elsewhere, the White House said it is continuing to press OPEC members to address the oil supply issue and is also addressing logistics of supply. Furthermore, the White House will use every lever at its disposal and the FTC is also looking at possible price gouging. WTI Nov extends gains above USD 83/bbl (vs 82.05/bbl low) while Brent Dec aims at USD 85/bbl (vs low 83.83/bbl). Elsewhere, metals have been spurred by the retreat in the Dollar, with spot gold topping its 50 DMA (1,778/oz) after testing its 21 DMA (1,760/oz) overnight, with the yellow metal also seeing its 200 and 100 DMAs at 1,793/oz and 1,794/oz respectively. Over to base metals, Dalian iron ore futures snapped a four-day losing streak, with iron ore shipments departing from Australia and Brazil lower W/W according to Mysteel data. Copper prices meanwhile are buoyed with the LME future holding onto comfortable gains north of USD 10k/t. US Event Calendar 8:30am: Sept. Building Permits MoM, est. -2.4%, prior 6.0%, revised 5.6% 8:30am: Sept. Housing Starts MoM, est. -0.2%, prior 3.9% 8:30am: Sept. Building Permits, est. 1.68m, prior 1.73m, revised 1.72m 8:30am: Sept. Housing Starts, est. 1.61m, prior 1.62m DB's Jim Reid concludes the overnight wrap At home we have recently bought a wooden bench for our kitchen table with the names of our three kids carved into the seats. We are pretty confident that there’ll be no need for more names. The problem was though that we chose an elegant, flamboyant font. The twins have just started to learn how to recognise and write their own names with the school having a very strict letter formation. As such last night when we were discussing it, young James refused to accept that this was his name on the bench and was hysterical with anger screaming that the bench needed to go as it was wrong. He kept on shouting “that’s not my name”. Nothing could persuade him otherwise. I thought I was defusing the situation by playing the famous Ting Tings song “that’s not my name” on the kitchen speakers but this just made matters far worse just before bedtime. So if anyone wants a bench with Edward, Maisie and James carved into it let me know as it’s causing a lot of grief at home. It seems like rate hikes are increasingly being carved into markets at the moment as Bank of England Governor Bailey’s hawkish Sunday comments that we discussed yesterday set the tone for the last 24 hours. Rates opened very weak across the globe but a similar pattern broke out to that seen over the last couple of weeks where higher yields have either brought in fresh bond buyers or markets have decided that the higher rate story is enough of a potential risk-off or negative growth story that dip buying mentality sets in. So yields have been a bit 3 steps higher, two steps lower over the last couple of weeks even though the inflation data has been largely one way higher. It was the UK that saw the most seismic shifts yesterday after Governor Bailey’s comments, with yields on 2yr UK gilts (+13.1bps) seeing their biggest daily move higher since August 2015, and the 2s10s curve (-9.8bps) flattening by the most since the height of the pandemic in March 2020. Markets are now pricing in a move in the Bank Rate up to around 0.45% by the December meeting (from 0.1%), and up to around 0.95% by the June meeting, around 15-30bps more priced in across the next several meetings from Friday’s close. So tomorrow’s CPI release from the UK will be interesting in light of this but it will likely be the calm before the storm given favourable base effects and with other pipeline inflation items yet to feed into the data. You can get a sense of how the UK is moving much faster than others in its rate hike pricing in that the spread between 2yr gilts and treasury yields is now at its widest in favour of gilt yields since late 2014. Yields on shorter maturities saw the most sustained movement elsewhere as well as investors began to anticipate imminent rate hikes. In fact, by the close of trade yesterday, markets were just shy of pricing in 2 Fed hikes by the end of 2022, which is some way ahead of the Fed’s dot plot from last month, when half the members didn’t see any hikes until at least 2023. Indeed, December 2022 Eurodollar futures have increased some 40 basis points over the last month, whilst September 2022 futures have increased more than 20 basis points. 10yr Treasury yields climbed +3.0 to 1.600%, with the rise entirely driven by higher real yields (+4.6bps). They were at 1.625% at the session highs, though. Those movements were echoed in the Euro Area, although the main difference to the US and the UK was that higher inflation breakevens rather than real rates drove the moves higher in yields. By the close of trade, yields on 10yr bunds (+2.1bps), OATs (+2.2bps) and BTPs (+3.0bps) had all moved higher even if again a few bps off the highs for the session. On the inflation side, the 10yr German breakeven hit a post-2013 high of 1.85%, just as the 5y5y forward inflation swap for the Euro Area was up +4.5bps to 1.91%, its highest closing level since 2014. The prospect of faster rate hikes put a dampener on equities, especially earlier in the day, though the S&P 500 (+0.34%) recovered to close just -1.13% beneath its all-time closing high from early September. Cyclical industries led the index higher, with the FANG+ index of megacap tech stocks (+1.99%) seeing a strong outperformance as all but 1 of its 10 constituents moved higher on the day. It was a different story in Europe however, where the STOXX 600 fell -0.50% in line with the losses elsewhere on the continent. At the sectoral level, energy was the outperformer in Europe but faded into the US close. After 8 successive weekly advances for WTI oil prices, yesterday saw it hit fresh multi-year highs (again…) intraday, gaining as much as +1.89% during the London session. However WTI made an about turn after the London close, and ultimately finished only slightly higher (+0.19%) on the day. Elsewhere, Bitcoin increased +3.31% yesterday and is up another +1.95% this morning to $62,564, bringing it within 1.5% of its own all-time closing high back in April and 3.6% beneath its all-time intraday high. The cryptocurrency has rallied in recent weeks as news picked up that the first US bitcoin ETF would be approved. Later today the ProShares ETF is expected to start trading, offering US retail investors a new avenue to trade the world’s largest cryptocurrency. The ETF will offer exposure to bitcoin futures contracts rather than “physical” bitcoin. Stocks are trading higher in Asia overnight, with the Hang Seng (+1.30%), CSI (+1.01%), Shanghai Composite (+0.74%), the Nikkei (+0.73%) and the KOSPI (+0.61%) all advancing thanks to an outperformance from technology stocks. For now at least, positive earnings are outweighing the impact from the prospect of faster than expected interest rate hikes. However, the issues stemming from Evergrande will continue to remain in focus as the developer has a Yuan bond interest due today. Outside of Asia, futures are pointing towards modest gains at the open, with those on the S&P 500 (+0.06%) and the DAX (0.11%) moving higher. Turning to the pandemic, the continued decline in global cases over the last couple of months and the lack of new variants has rather taken it off the front business pages of late. That said, there were a few concerning indications yesterday when it came to the health picture. Firstly, China is dealing with a fresh cluster in its northwestern provinces, with further positive tests reported overnight. Second, there are signs that we could be facing a more severe flu season as we approach winter in the northern hemisphere, with the Walgreens Boots Alliance reporting that flu cases are 23% higher in the US relative to a year ago. Third, there were some questions from the UK, as former US FDA Commissioner Scott Gottlieb wrote on Twitter on Sunday that given the recent rise in UK cases and the “delta-plus” variant, that there should be “urgent research” to discover if it was more transmissible or had partial immune evasion. Finally, New Zealand (which had been pursuing a zero-Covid strategy in the past) reported a record 94 cases yesterday as Auckland remains in lockdown. There wasn’t a massive amount of data yesterday, though US industrial production fell -1.3% in September (vs. +0.1% expected), and the August number was also revised down half a percentage point to now show a -0.1% contraction. Partly that was thanks to the continuing effects of Hurricane Ida, which contributed around 0.6 percentage point of the overall drop in production, but the contraction also reflected supply-chain issues (eg auto chip shortages). Otherwise, the NAHB housing market index for October unexpectedly rose to 80 (vs. 75 expected). To the day ahead now, and we’ll hear from an array of central bank speakers, including the BoE’s Governor Bailey, Pill and Mann, the ECB’s Rehn, Centeno, Elderson, Panetta and Lane, along with the Fed’s Daly, Barkin, Bostic and Waller. Otherwise, US Data releases including September’s housing starts and building permits, and earnings today include Johnson & Johnson, Procter & Gamble, Netflix, Philip Morris International and BNY Mellon. Tyler Durden Tue, 10/19/2021 - 07:50.....»»

Category: dealsSource: nytOct 19th, 2021

Comfort Inn developer eyes project along I-65

A busy area in Shelby County may soon have a Comfort Inn......»»

Category: topSource: bizjournalsJan 25th, 2023

5 ways reading "Atomic Habits" changed how I live and work for the better

"Atomic Habits" taught a copywriter to use "temptation bundling" to make dreaded tasks more enjoyable and fixed her Zoom fatigue and routine. Dayana Aleksandrova.Courtesy of Dayana Aleksandrova Dayana Aleksandrova is a copywriter and digital nomad based in Costa Rica. She read "Atomic Habits" by James Clear to improve her productivity and address distractions. Decluttering, auditing her day, and creating temptation have helped her avoid procrastination. This as-told-to essay is based on a conversation with Dayana Aleksandrova, a 30-year-old copywriter, mentor for online entrepreneurs, and digital nomad based in Costa Rica, about her experience reading "Atomic Habits." The following has been edited for length and clarity.When I expanded my online business from copywriting to business mentorship for online entrepreneurs, I started getting a ton of questions from clients about building good habits and time management. So I asked some of my high-performer friends who do 20 things at once and make it all look effortless what book they could recommend for improving upon this — and they unanimously said "Atomic Habits: An Easy and Proven Way to Build Good Habits and Break Bad Ones" by James Clear. I decided to read it in order to best serve my clients. So far, the lessons I've taken away from the book have worked at an 100% success rate — especially when it comes to addressing procrastination.Here are five ways that my life changed for the better after I tried Clear's principles:1. I beat distractions in my spaceAccording to "Atomic Habits," the first law of behavior change is to "make it obvious." In the book, Clear refutes the idea that we're organized due to our willpower or genes and argues that our habits are a product of our environment. I'd been feeling very distracted at work, constantly jumping from one project to the next and leaving incomplete Notion tasks and half-finished emails. So, following the book's advice, I decided to upgrade my space.My desk used to be a complete mess — sticky notes, pens, journals, and clementine peels everywhere, alongside multiple half-drunk takeaway coffee cups. After reading "Atomic Habits," I set an alarm for 20 minutes so I'd get it done under pressure and separated everything into three piles: essentials, nice-to-have, and extras. The "essentials" on my desk now are my laptop, a podcasting microphone, a journal with a single pen, and a water bottle. I stashed all my "extras" — my Kindle and any hardcover books, pencils, business cards, and highlighters — in my closet.Getting rid of the clutter has helped me focus, and I no longer lose ideas. Now everything that crosses my mind is in that one journal rather than spread across 20-odd sticky notes. Plus, all the tasks I start actually get done. Clear's book inspired me to do the same inside my laptop, too. I grabbed all of my desktop folders and put them in one "Omega" folder, so now I enjoy a pristinely empty screen that doesn't give me anxiety. Finally — this was the toughest — I began closing all my browser tabs before bed. I try to have no more than five open tabs at any given time now, which are my email, Canva, Teachable, and one or two Google docs.2. I stopped dreading video calls"Atomic Habits" advises making new habits attractive and dividing them into small increments that over time build up to produce massive changes.One habit I wanted to improve upon was being comfortable on Zoom, especially after two years of video fatigue. So to emulate what the book said, I started asking people I admire to join me on 20-minute long "coffee dates." I would sit down with creators, CEOs, authors, podcasters, astrologers, and coaches — most of whom I met on Instagram — and just talk about work and life. When my timer went off, we'd wrap it up. That way, I could look forward to the next conversation. These calls went on for about two months. Finally, I'd totally forgotten why I started them, and Zoom no longer intimidated or drained me. As James Clear says, small habits generate big changes, as long as you don't quit.3. I created more time and comfort in my dayWhen I read Clear's suggestion to "audit" my day by writing out every little thing I did for 24 hours, I found it painstaking, which is how I could tell it was going to be worth it. First, it made me realize that waking up at 7 a.m. was too late for my sleep chronotype. I was shocked to find out how much time I wasted on Netflix every evening — close to four hours — and how many consecutive hours I'd sit in a chair without getting up for a walk.After this eye-opening audit, I began waking up at 5 a.m. and immediately felt in control versus "late to the party." The extra two hours per day allowed me to get a headstart on writing, and by the time 10 a.m. rolled around, I'd get up for an hour-long walk. I incorporated two more walks into my day — one around 3 p.m. and one at 8 p.m. when my Netflix binge would have been taking place. Adding these extra walks to my day has been a game-changer for my lower back, which hurts a lot less than before. My eyes feel less fatigued as well, as I'm spending less time looking at a screen, especially late at night. 4. I made chores and dreaded tasks more manageableClear teaches his readers to do something called "temptation bundling." This means marrying two opposing actions: something you dread and something you love. I hate folding laundry, so inspired by Clear's idea, I "bundled" that task with listening to my favorite YouTube playlist. Whenever I feel too lazy to work out or do my daily walk, I pair that exercise with listening to my favorite podcast. I have two picks: one on manifestation and spirituality, and one on marketing. I now also save voice notes I get from my coaching clients to listen and reply to while I'm on my walk. That way, time flies and I get work done in the process. Plus, many of my clients love hearing the waves when I message them from the beach instead of the hollow echo of my home office. 5. I built a new habit with the 2-minute ruleI've always loved the idea of picking up new habits — but the reality is that it's hard. One of my goals last year was to get really good at recording Instagram Reels and posting every day, and "Atomic Habits" gave me a tangible strategy that helped me achieve this.Clear suggests practicing the "two-minute rule" — setting your alarm for two minutes to test-drive a new habit, which is the only time you're allowed to practice that new habit for the day. So just as you start getting into it, time's up, and it leaves you craving more. This is exactly what happened. I'd sit down to shoot a Reel in just two minutes. Before I knew it, time would be up. The tight limit helped me stop overthinking and just speak authentically and with passion, which really resonated with my friends and clients.The two-minute rule is also extremely powerful if you're a procrastinator. Since you know it's only going to take 120 seconds, you just start. There's no room for second-guessing, and you don't need to prep too much, either. So before you know it, the habit becomes second nature.Read the original article on Business Insider.....»»

Category: personnelSource: nytDec 20th, 2022

86 creative gift ideas under $100 — including last-minute options if you"re pressed for time

From a personalized photo book to a sunrise alarm clock, here are 86 gift ideas under $100 for every type of person on your gift list. When you buy through our links, Insider may earn an affiliate commission. Learn more.MoMA Store/Artifact UprisingGift-giving should be fun, but more often than not, it becomes stressful — doubly so if you're working with a budget. The good news is, a gift doesn't have to be super expensive to be meaningful to someone or last a long time.To take the guesswork out of holiday shopping, we've curated the best gifts under $100 that you can buy on your own (or split to cost with someone else). From luxury skincare products to affordable kitchen appliances, there are plenty of thoughtful, special gifts you can give within a reasonable price range.*This list includes a Sponsored Product that has been suggested by AncestryDNA. It also meets our editorial criteria in terms of quality and value.A fun board game spin on an internet sensationWordle: The Party GameThe Toy InsiderWordle: The Pary Game, available at Amazon and Target from $19.82Best for: The committed gamerIf they love Wordle, this new board game version is sure to please. 2-4 players can play against each other or in teams as they try to guess the five-letter mystery word.A DNA kit to learn more about your family historyAmazonAncestryDNA kit, available at Ancestry, $59 (originally $99)Best for: Anyone interested in family heritageCurious about family history? This AncestryDNA test tells you more about genetic ethnicity — and opens up rich conversations about family heritage and personal stories. We like Ancestry because it surveys an extensive population and links you with relatives.*Sponsored by Ancestry.A travel photo albumArtifacts UprisingHardcover Travel Photo Book, available at Artifact Uprising, from $61.20Best for: The vacation photographerThis customizable photo book takes them back to every travel adventure so they'll never forget it. Whether it's a week trip or an extended stay, the travel photo album captures every excursion with charming designs on up to 210 pages.A memorable date night optionEatwith/InstagramGift card, available at Eatwith, from $30Best for: The adventurous dinerEatwith offers cool dining experiences that bring together delicious menus, professional chefs, and interesting guests. Typically held in person, in major cities like New York, Paris, and London, Eatwith is now offering online classes you can take from anywhere that bring unique cooking experiences right into your kitchen. In addition to experiences led by professional chefs from around the world, Eatwith has recently added classes taught by MasterChef contestants.A bag made for hosting mini picnicsAmazonPicnic at Ascot Insulated Wine and Cheese Cooler Bag, available at Amazon, $49.95Best for: The picnicker Our pick for the best picnic basket for carrying bottles, this insulated bag is a great gift for those who want to have a small picnic complete with their favorite drinks and small snacks.An art-inspired chess setMoMa Design StoreKeith Haring Colorful Chess Set, available at MoMA Design Store, $55Best for: The artsy gamerThe Keith Haring Colorful Chess Set doubles as a fun leisure activity and stunning display piece. The chess pieces are inspired by Haring's favorite artworks, from the barking dog to his trademark figures.A fun and educational online cooking classCozymeal/InstagramGift card, available at Cozymeal, from $50Best for: The aspirational chefGifting experiences is on the rise. With a Cozymeal class, they'll learn how to make anything from fresh pasta to beautiful charcuterie boards. In addition to cooking classes, Cozymeal offers online mixology classes and virtual wine tastings.A game that tests their penchant for punsAmazonPun Intended Game, available at Amazon, $19.99Best for: The game night hostIt's a battle of who can devise the most clever puns in this family-friendly card game that requires a quick mind and even quicker writing skills. Game on. The outdoor game you see everyone playing at the parkAmazonSpikeball Game Set, available at Dick's Sporting Goods, $69.99Best for: The bored beach-goerIt's a gorgeous day out and you can't help but notice a few groups having fun while playing some kind of new ball game. Chances are it's Spikeball, the volleyball-esque game that your recipient can set up in any large outdoor space. It takes just 10 minutes to learn the rules. A sunrise alarm clockAmazonPhilips SmartSleep Sunrise Alarm Clock, available at Amazon, $79.95Best for: The aspirational early birdSunrise alarm clocks can help turn typically groggy wake-ups into a softer, more calm way to get out of bed, and the SmartSleep from Philips is one of our favorites. Aside from its calming alarms and beautiful sunrise effect, it also doesn't require the use of an app. An e-book reader that stores thousands of booksAmazonAmazon Kindle, available at Amazon, $99.99Best for: The traveling bookwormA Kindle brings them an easier reading experience, especially when traveling. The Kindle has 8 GB of storage, weeks of battery life, and a vast selection of books to enjoy leisurely wherever, whenever. A TV streaming stickAmazonRoku Streaming Stick +, available at Amazon, $48.88Best for: The TV fanaticRoku's Streaming Stick+ is exceptional for its 4K, HDR, and HD streaming, and long-range wireless receiver. Installing it is an easy process and starts by plugging the stick into the TV. A convenient wireless charging padAmazonAnker PowerWave Wireless Charging Pad, available on Amazon, $15.99Best for: The one who's always low on phone batteryA wireless charger is a great gift for anyone with a glass-backed smartphone that supports the feature. Our reviewer called this one "the perfect wireless charging pad." It charges quickly, looks nice, and can even accommodate thick phone cases.A waterproof outdoor speakerAmazonUltimate Ears Wonderboom 2 Portable Bluetooth Speaker, available at Amazon, Best Buy, and Walmart, from $79.99Best for: The outdoor entertainerThe surprisingly powerful speaker fits in the palm of their hand and can go swimming with them in the pool or ocean. It's also dustproof and therefore suitable for hikes and other outdoor adventures. A stylish accessory with a hidden chargerMark & GrahamPower Up Lightning to USB Tassel Keychain, available at Mark & Graham, from $34.99Best for: The sleek utilitarian The leather keychain is as functional as it is attractive: it has an iPhone lightning input and USB stick so they can charge their phone in their bag. Some colors include free monogramming while others have a $10 monogram fee. A set of trackers for lost itemsCrystal Cox/InsiderTile Pro, available at Amazon, Target, and Walmart, $24.99Best for: The person always losing their keysWhen they can't find their phone, all they have to do is click their Tile button to make their phone ring, even if it's on silent. A case that sanitizes dirty phonesPhone SoapPhoneSoap 3 Smartphone Sanitizer, available at PhoneSoap, $49.95Best for: The neat freakMost of us carry our phones with us everywhere — and we mean, everywhere. PhoneSoap kills 99.9% of common household germs, including bacteria that lead to E.Coli, Salmonella, Staph, the flu, and the common cold. Especially with the pandemic, your recipient will love knowing that their phone is squeaky clean. Their favorite specialty meals from across the countryGoldbellyMeal Kits, available at Goldbelly, from $39.95Best for: The foodieGoldbelly makes it possible to satisfy their most specific and nostalgic cravings no matter where they live in the US — a cheesecake from Junior's, deep dish pizza from Lou Malnati, and more. Browse the iconic gifts section for inspiration.A savory seasoning starter packMomofukuPantry Starter Pack, available at Momofuku, $60Best for: The spice rack re-stockerSpice up their pantry with this flavorful seasoning set. The starter pack includes spicy seasoned salts, restaurant-grade soy and tamari sauces, and chili crunch. Momofuku's site also includes several recipes to make using the ingredients from the set.A set of cocktail mixersWilliams SonomaCasamigos Cocktail Gift Set, available at Williams Sonoma, $56.95Best for: The cocktail connoisseurCo-founded by actor George Clooney, Casamigos is a favorite brand of many tequila lovers. The company's newest addition is a cocktail gift set of uniquely flavored mixers and rimmers. The mixers are exclusively available at Williams Sonoma and include blackberry basil and citrus flavors.The internet's favorite olive oilBrightland/InstagramAwake Olive Oil, available at Brightland, $37Best for: The quality EVOO enthusiastBrightland's olive oils make great gifts for cooks and anyone who loves to entertain. The white bottles protect the EVOO from light damage and look nice displayed on a countertop. International coffee delivered every monthAtlas Coffee Club/Instagram3-Month Gift Subscription, available at Atlas Coffee Club, $50Best for: The coffee loverIt's a worldwide coffee tour without the expense of airplane tickets. Atlas Coffee Club delivers single-origin coffee and always includes a postcard from the country, brewing tips, and flavor notes with each month's shipment. A delicious and unique hot sauceTruff/InstagramTruff White Truffle Hot Sauce, available at Amazon, $25.59Best for: The hot sauce collectorThis hot sauce is infused with white truffle, packing a sweet heat you'll want to add to burritos, pizza, wings, or any other dish you want to make a little more interesting. A gift card from Hello FreshHello FreshGift card, available at Hello Fresh, from $75Best for: The exhausted home cookThe best gifts are for items or services your recipient wouldn't think to purchase for themselves. A gift card from Hello Fresh checks all of these boxes, as it offers a welcome reprieve from grocery shopping and meal planning. Choose from four amounts based on your recipient's household size and needs. We also wrote a full guide to Hello Fresh that includes a breakdown of its special features, how to get started with an account, and more.Sweet treats they won't be able to stop eatingMilk BarThe Chocolatey Classic, available at Milk Bar, $89Best for: The chocolate loverInstead of the usual box of chocolates, gift some of the best-known and most delicious treats from Milk Bar. The set contains 12 soft and chewy cake truffles and an adorable mini birthday cake. Premium distilled whiskeyUncle Nearest WhiskeyUncle Nearest Whiskey, available at ReserveBar, from $60.99Best for: The old-fashioned fanFounded in Tennessee, Uncle Nearest is an award-winning, Black-owned whiskey brand that was inspired by the first known African-American master distiller, Nathan "Nearest" Green. If you're shopping for someone who enjoys a quality glass of whiskey or a whiskey-based cocktail every now and then, a bottle of Uncle Nearest won't disappoint.A flavorful seasoning collectionArtifact UprisingThe Grill & Roast Collection, available at Spicewalla, $19.99Best for: The backyard grillerA set of tasty seasonings is key to making delicious foods, especially during BBQ season. They can use the spices in this collection to add flavor to meats, seafood, vegetables, and even rice.A device that turns plain water into a sparkling beverageAmazonSodaStream Sparkling Water Maker, available at Amazon, $89.99Best for: The fizzy water fanA SodaStream is an amazing gift for anyone who's a fan of fizzy beverages. With this gadget, they can make sparkling water in seconds and add flavors if they want to spice things up.Ready-to-prepare meals that save them timeDaily HarvestCustom Gift Box, available at Daily Harvest, $85Best for: The healthy eaterYour recipient will be able to fill a box with smoothies (including protein smoothies for gym rats), harvest bowls, soup, and more meals that are ready to take on the go. Daily Harvest's healthy offerings are perfect for the busy, wellness-minded people in your life. A chai samplerAmazonVadham Chai Tea Reserve Set, available at Amazon, $23.99Best for: The tea drinkerThis set of loose-leaf teas made it into Oprah's Favorite Things back in 2018. It's filled with three variations of chai that any tea lover will appreciate. A box that lets them explore the exciting world of sakeTippsySake Gift Box, available at Tippsy, $59Best for: The sake drinkerWhile online wine clubs abound, Tippsy is quietly cultivating a community of sake lovers. It offers an abundance of knowledge and premium sake options to anyone who's interested in exploring this underrated alcohol further.  A chic lamp that warms candles without lighting themCrystal Cox/InsiderCandle Warming Lamp, available at Amazon, $54.99Best for: The candle preserver Aside from looking cute, this TikTok-famous lamp warms candles up without lighting them. It helps your giftee enjoy their candles' scents whenever she wants without worrying about smoke or accidentally forgetting to put them out.A custom pet portraitWest & WillowCustom Pet Portrait, available at West & Willow, from $67Best for: The pet parent If their fur baby is their best friend, they'll go crazy for this custom pet portrait from West & Willow. Upload a photo of their pet, then choose the portrait style, size, frame, add their pet's name, and get ready to make their day with this A+ gift.A mini fireplaceFood52Personal Concrete Fireplace, available at Food52 and Amazon, from $78.40Best for: The fireplace fanKeep them warm and entertained this summer with this small personal fireplace, which is safe for use indoors and for cooking fun treats like s'mores. A whimsical candle from a new brandOtherland/Instagram3-Candle Set, available at Otherland, $89Best for: The fancy candle fanAs our candle-loving editor points out, "Does the world really need another fancy candle brand?" Otherland's candles are so creative and interesting that you won't be able to resist gifting at least a few. A set of monogrammed hand towelsWeeziePiped Edge Washcloths (Set of 2), available at Weezie, $36Best for: The monogram loverThe extra time and thought put into a personalized gift are worth it. You can add custom embroidery (+$10 per towel) to Weezie's fluffy and absorbent towels. A succulent to spruce up their spaceLula's GardenBliss Garden, available at Lula's Garden, $30Best for: The plant parentA small succulent is a perfect way to brighten up their desk, bookshelf, or windowsill. We love this one from Lula's Garden because it's wrapped in a ready-to-gift box. Plus, when you buy one, you support water.org, an organization that helps people all over the world get access to safe, clean water. A wine gift setAmazonIvation Wine Lovers Set with Opener and Preserver, available at Amazon, $49.98Best for: The wine appreciator Help elevate your recipient's wine experience by gifting this wine lover's set. The included wine preserver is a great gift for those that live alone or like to take their time with their wines. The sleek charging base and modern design make this a gift your recipient will be proud to display on their kitchen counter.A sleek knife blockMaterial KitchenThe Stand, available at Material Kitchen, $90Best for: The practical chefWe're big fans of Material Kitchen's minimalist approach to kitchen essentials — like this magnetic, angled knife block made from heavy-duty wood. A fresh flower bouquetUrbanStemsFlower bouquets, available at UrbanStems, from $35Best for: Any fan of flowersIf you don't know what to gift, flowers are always appreciated. A beautiful bouquet delivered right to them is the kindest way to say congrats and show you're thinking of them.A set of sustainable coastersJoanna BuchananRuffle Edge Straw Coasters, available at Joanna Buchanan, $48Best for: The meticulous table setterAdd a pop of color to their indoor and outdoor eating spaces with these colorful straw coasters. The coasters come in a set of four, are handwoven in the Philippines, and are made of sustainable materials.A compact and lightweight hand mixerAmazonKitchenaid 5-Speed Ultra Power Hand Mixer, available at Target, $44.99Best for: The bakerNot all baking tasks require a full stand mixer. KitchenAid's hand mixer doesn't take up a lot of space but gets a variety of jobs done by offering five-speed options. You'll also have fun picking out a unique color for your recipient. The perfect pillow for side sleepersCasperOriginal Casper Pillow, available at Casper, Amazon, and Target, $65Best for: The restless side sleeperThe Original Casper Pillow will help your favorite side sleeper align their neck with their spine while sleeping. We named this pillow the best for side sleepers in our guide to the best pillows. You can customize the pillow even more by choosing its size and height.A cool drink accessory worth celebratingBrumate12oz Insulated Champagne Flute, available at BrüMate, $24.99Best for: The beachside celebratorBrumate's insulated flute prevents the disappointment of bubbly that has gone warm and flat. It holds almost half a bottle of champagne and comes in 30 pretty colors.  A digital photo frameAmazonNIX 8-Inch USB Digital Photo Frame, available at Amazon, $69.99Best for: The modern nostalgistPro-tip: Include a USB stick of your favorite photo memories together with this gift. The high-tech photo frame will shuffle through and display crisp photos and videos, and it can also be mounted on a wall. If you can stretch your budget, the more popular WiFi version is the same idea but more convenient to use because it works right from your phone's gallery. A custom map of a special locationGrafomapCustom Map Poster, available at Grafomap, from $19Best for: The one who always mentions their favorite city Grafomap is the site where you can commemorate important places, be it their hometown, college town, or the city where you two met. The custom design function is easy to use and you can choose to get the final map poster framed or printed on canvas. An everyday stainless steel frying panMade InStainless Clad Frying Pan, available at Made In, $76Best for: The one who is constantly cookingPros like Tom Colicchio trust Made In's cookware to perform in some of the country's top kitchens, so rest assured it's good enough for your recipient. The quickly growing startup is behind a couple of our favorite pieces of cookware. A beautiful piece of handmade drinkwareJFR GlassAntique Silver Glass, available at JFR Glass, $45Best for: The fan of truly unique giftsEach hand-blown glass from JFR Glass is unique. The glasses aren't just pretty — they're also functional and sturdy. They're also dishwasher-safe and UV-resistant, so your recipient can enjoy the pieces forever. A cold brew coffee makerAmazonTakeya Cold Brew Coffee Maker, available at Amazon and Target, $27.99Best for: The daily cold brew consumerHelp your favorite coffee-lover stay caffeinated with this easy-to-use cold brew coffee maker. All they need to do is fill the filter with coffee, add water to the carafe, give it all a shake, and pop it in the fridge. In 12 hours, they will have a delicious cold brew that will have them reconsidering their daily trips to their favorite coffee shop.An affordable cashmere sweaterNaadamMen's and Women's The Essential Cashmere Sweater, available at Naadam, $75Best for: The one with impeccable style No wardrobe is complete without a great cashmere sweater. This one from Naadam is made of heavenly-soft 100% Mongolian cashmere and comes in over 25 colors, so there's truly a shade for everyone.A box of the best socksBombasWomen's Holiday Snowflake Ankle Sock 4-Pack Gift Box, available at Bombas, $66Best for: The appreciator of practical giftsBombas socks are some of our favorites for their arch support and durability. This box set (also available in men's and kid's sizes) features a set of subtly holiday-themed socks they'll wear all year round.A funky pair of shadesCrap EyewearThe Lucid Blur, available at Crap Eyewear, $89Best for: The trendsetterA great pair of sunglasses is a seasonless gift. Even on cold winter days, a pair of sunglasses is needed to block out the sun's glare and keep them looking stylish. If you're looking to snag them a unique pair of sunglasses, check out Crap Eyewear. The styles are fun, affordable, and totally on trend. An artistic watchMoMA Design StoreSwatch x MoMa watch, available at Moma Design Store, from $80Best for: The art enthusiastWhat better way to show off their love of art than a watch inspired by famous paintings? Swatch collaborated with New York's Museum of Modern Art to create these unique watches that resemble artworks from MoMa's collection.A pair of cozy slippersZapposUGG Scuffette II Slippers, available at Zappos, Amazon, and Nordstrom, from $94.95Best for: The comfort appreciator Help them keep their feet warm while working from home with these fuzzy slippers. These high-quality slippers are made of suede and have a sheepskin collar, making them a very useful gift that your recipient may not think to purchase for themselves.A gold bracelet that displays their zodiac signAurateZodiac Bracelet, available at Aurate, $90Best for: The chic astrology enthusiastThe delicate gold vermeil bracelet is a piece they'll want to wear every day. Aurate's beautiful gold jewelry is not only more affordable than traditional fine jewelry, but it's also ethically sourced, representing a new wave of jewelry brands to know about. A sturdy walletAmazonBellroy Slim Sleeve Leather Wallet, available at Bellroy, Amazon, and Nordstrom, $79Best for: The fan of practical giftsReplace their tired and tattered wallet with this slim leather billfold from Insider Reviews' favorite wallet brand Bellroy. It's made with ethically sourced leather that will age wonderfully and last many years.A pair of comfortable wool shoesAllbirdsWool Runners, available at Allbirds, $110Best for: The constant walkerWhile Allbirds has hinted that it's on track to become more than just a shoe brand, we'll always be partial to its original sneakers made from merino wool. We've been wearing and loving the comfortable style for more than two years, and you can't go wrong gifting a pair of these shoes. A reusable bag featuring a fun printBagguStandard Baggu, available at Baggu, $14Best for: The sustainable shopperThere are plenty of reusable nylon shopping bag options out there, but where Baggu really stands out from the crowd is its variety of quirky and colorful prints. These useful bags are the perfect gift for everyone in your life.A pretty leather travel wrap for chargersMark & GrahamLeather Charger Roll Up, available on Mark & Graham, $49Best for: The efficient packerMark & Graham's Leather Charger Roll Up is made from soft, supple leather and has three separate pockets to stash cables and chargers on the go. Get it monogrammed for free.A pair of sparkly hoopsMejuriSapphire Hoops, available at Mejuri, $58Best for: The lover of subtle jewelryTraditional hoops get an embellishment of white sapphire in this affordable piece from Mejuri. Extremely comfortable, flattering lounge pantsMeUndiesLounge Pants, available at MeUndies, $68Best for: The serious loungerThese are some of the best lounge pants we've ever tried. If they're spending more time in casual wear, they'll spend an inordinate amount of time in these. We also appreciate that the silky MicroModal and sleek cut make them perfectly acceptable for wearing in public to grab the mail.A high-quality leather band for an Apple WatchAmazonBullstrap Full-Grain Italian Leather Watch Band, available at Amazon, $95Best for: The stylish watch wearerBullstrap's Italian Leather Watch Bands are the perfect way to add some elegance to an Apple Watch. They come in several colors of leather and are compatible with all generations of the Apple Watch.A mini duffel crossbody with a distinctive lookDagne DoverExtra Small Landon Carryall, available at Dagne Dover, $93.75Best for: The one who's always on the goDagne Dover excels at making functional and versatile bags like work totes and this extra small version of its popular neoprene duffel. Inside, they'll find a compartment just large enough for the day's essentials, pockets to keep them organized, and a detachable key leash. Premium underwear that's worth every pennyTommy JohnMen's Second Skin Boxer Brief (3-Pack), available at Tommy John, $86Best for: The person who'd appreciate good underwearIt's not an exaggeration to say Tommy John could be the most comfortable boxers your recipient has ever worn. The Second Skin, in particular, is a standout — smooth, soft, stretchy, and breathable. The coziest moccasins we've ever wornL.L.BeanWomen's Wicked Good Moccasins, available at L.L.Bean, $89Best for: The winter cabin weekenderCan you practically feel the soft fluffiness of these slippers through your screen? L.L.Bean supposedly sells a pair of these cushioned sheepskin shoes every seven seconds during December, proving that they are worth the purchase.A pair of blue light-blocking glasses that look good enough to wear outside of the houseMVMTIngram Crystal Everscroll Glasses, available at MVMT, $78Best for: The one who works in front of a screen all dayHelp them protect their eyes from harsh screens with a pair of blue-light-blocking glasses. Their eyes won't feel as strained, and they might be able to drift off to sleep more quickly. A simple but luxurious body washNecessaireNecessaire The Body Wash, available at Sephora, $25Best for: The person who appreciates a good showerNew startup Necessaire formulates its body care products with vitamins A, B3, C, E, and omega-6 and omega-9. The subtly scented Body Wash will leave their skin feeling clean, soft, and nourished. A glamorous nail kitOlive and JuneThe Mani System Box, available at Olive and June, $85Best for: The DIY nail artistFrom shimmery to matte polish options, gift them this game-changing nail kit. It includes six different shades you can pick yourself, a topcoat, nail polish remover, nail tools, and even a latte mug.A hair towel that cuts drying time in halfAmazonAquis Rapid Dry Lisse Hair Towel, available at Anthropologie and Bergdorf Goodman, $30Best for: The one who takes hair care seriouslyAquis' cult-favorite hair towels have inspired a slew of rave reviews online, including one from our own team of product reviewers. The towels are made from a proprietary fabric called Aquitex that's composed of ultra-fine fibers (finer than silk) that work to reduce the amount of friction the hair experiences while in its weakest state. A silky hand creamLa Mer/InstagramLa Mer Hand Treatment, available at Nordstrom, $90Best for: The fan of smooth handsOf all La Mer's premium skincare products, the Hand Treatment is a brand favorite. This creamy formula is the perfect texture to help heal dry hands.A small skincare tool that removes 99.5% of dirt, oil, and makeup residueAmazonForeo Luna Facial Cleansing Brush, available at Amazon and Ulta, from $83.40Best for: The skincare enthusiastOur team swears by these gentle yet effective cleaning brushes. They have hygienic silicone bristles and come in five different models for different skin types. The Luna is small enough to bring on the go, so your recipient can maintain their skincare routine no matter where they are.An easy-to-use trimmerPhilips NorelcoPhilips Norelco OneBlade Face + Body Trimmer, available at Amazon, Target, and Walmart, from $39.96Best for: The person who prefers a close shaveWhat separates the Philips Norelco OneBlade from other trimmers and shavers is the unique blade. It uses a fast-moving OneBlade cutter with a protection system on both sides of the blade to prevent knicks. The base of the blade will contour to his face, allowing for a comfortable shave or trim without irritation — and it works for wet or dry shaving.A solution to their back painBest BuyUpright Go 2 Posture Trainer, available at Best Buy, $79.99Best for: The person working on their postureThis gift is for anyone who is always complaining about their back pain or poor posture. Upright Go is an innovative and discreet device that sticks to the top of their back and helps them improve their posture, day by day. A sleep mask made with high-quality mulberry silkNordstromSlip Pure Silk Sleep Mask, available at Nordstrom, $50Best for: The person who takes sleep seriouslyFew things are more luxurious than sleeping with a silk mask. Thanks to its all silk construction, your recipient's face will feel cool all night long. An electric toothbrush they won't want to hide awayGobyMoonstone Electric Toothbrush, available at Goby, $95Best for: The dental-care obsessedIn addition to its sleek design, the Goby Toothbrush stands out for its soft brush head, normal and sensitive brushing speeds, and convenient USB charging shell. A cult-favorite fragranceLe Labo/InstagramLe Labo AnOther 13 Eau de Parfum, available at Nordstrom, from $90Best for: The daily perfume userLe Labo is famous for its distinctive packaging and subtle yet inviting scents. The AnOther is musky and woodsy, but it's balanced out with ingredients like jasmine petals. A planner designed for setting goalsCrystal Cox/InsiderBestSelf Co. Self Journal, available at Amazon, Barnes & Noble, and BestSelf, from $31.99 Best for: The goal-setterThe Self Journal is an undated, 13-week planner that's designed for daily use and quarterly planning. We love it because it helps break projects and goals into manageable chunks. If your giftee is working towards a big goal, this could be a really thoughtful resource — especially if it involves forming new habits in a short period of time.A high-quality yoga matMandukaManduka PROlite Yoga Mat, available at Amazon, Manduka, and REI, $99Best for: The yogi Make their sweat sessions better with the addition of a great yoga mat. The Manduka PROlite boasts supportive, dense cushioning and a no-slip grip, but it's still super lightweight for easy carrying.An instant cameraFujifilmFujifilm Instax Mini 11 Instant Camera, available at Amazon, Walmart, and Urban Outfitters, from $73.25Best for: The memory makerSure, they can snap photos on their iPhone all night long, but these days there's something particularly special about having tangible photographs. An instant camera is the perfect gift for the one who loves documenting life in photos.A gift card from BookshopCrystal Cox/InsiderGift Card, available at Bookshop, from $10Best for: The bookstore browserBookshop allows readers to support small bookstores online. The retailer sells gift cards that your recipient will be able to use to shop online from their favorite indie bookstore. The gift cards never expire and can be bought in increments from $10 to $1000.An at-home pottery kitSculpdPottery Kit, available at Sculpd, $65Best for: The crafterThis pottery kit offers a unique activity to do with your loved ones. Each kit comes with enough supplies for two people, with add-on supplies also available for purchase so that more can participate. It also includes a step-by-step instructional booklet.A sleek fitness trackerFitbitFitbit Inspire 2, available at Best Buy, Target, and Fitbit, $79.95Best for: The avid athleteFitbit's affordable Inspire 2 tracker has no shortage of useful features to keep them informed about their physical activity. The heart rate monitor lets them be more strategic about their workouts by tracking calorie burn, resting heart rate, and heart rate zones.Membership to a popular nationwide book clubBook of the Month6-Month Subscription, available at Book of the Month, $99.99Best for: The avid readerIf they prefer the incomparable feel of a hardcover book, set them up with a Book of the Month membership. It offers five curated titles, mainly from up-and-coming authors, to choose from every month. A bike horn that can honk as loud as a carPriority BicyclesPriority High Power Horn, available at Priority Bicycles, $29.99Best for: The bike commuterBorn out of a research project between Priority Bicycles and Toyota, this bike horn can get as loud as the one in a car. This is an excellent safety accessory for bikers.A gorgeous coffee table book that helps cure their travel bugAmazon"1,000 Places to See Before You Die (Deluxe Edition): The World as You've Never Seen It Before" by Patricia Schultz, available at Barnes & Noble, $50.99Best for: The aspirational travelerPatricia Schultz's original "1,000 Places" captured imaginations with its compelling curation of experiences all over the world. The newly released deluxe edition features a beautiful gold-embellished cover and more than 1,000 new photographs. An interactive state park mapUncommonGoodsState Parks Explorer Map, available at UncommonGoods, $28Best for: The hikerThis state park map is sure to come in handy whenever they venture into the outdoors. Choose from 10 maps that each list over 30 parks in states such as New York, California, and Connecticut. The map includes a sheet of gold stickers so they can mark their progress after each park visit.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 15th, 2022

84 creative gift ideas for absolutely every person in your life — all under $100

From a personalized photo book to a sunrise alarm clock, here are 84 gift ideas under $100 for every type of person on your gift list. When you buy through our links, Insider may earn an affiliate commission. Learn more.MoMA Store/Artifact UprisingGift-giving should be fun. But more often than not, it becomes stressful, especially if you're working with a budget. The good news is, a gift doesn't have to be super expensive to be meaningful or last a long time.To take the guesswork out of holiday gifting, we've curated the best gifts under $100 that you can buy on your own (or split with someone else). From luxury skincare to affordable kitchen appliances, there are plenty of thoughtful, special gifts you can give within a reasonable price range.*This list includes a Sponsored Product that has been suggested by AncestryDNA. It also meets our editorial criteria in terms of quality and value.Gifts for couples, families, or groupsTech giftsFood giftsHome giftsStyle giftsBeauty and self-care giftsFitness, outdoor, and hobby giftsGifts for couples, families, or groupsA fun board game spin on an internet sensationWordle: The Party GameThe Toy InsiderWordle: The Pary Game, available at Amazon and Target from $19.82Best for: The committed gamerIf they love Wordle, this new board game version is sure to please. 2-4 players can play against each other or in teams as they try to guess the five-letter mystery word.A DNA kit to learn more about your family historyAmazonAncestryDNA kit, available at Ancestry, $59 (originally $99)Best for: Anyone interested in family heritageCurious about family history? This AncestryDNA test tells you more about genetic ethnicity — and opens up rich conversations about family heritage and personal stories. We like Ancestry because it surveys an extensive population and links you with relatives.*Sponsored by Ancestry.A travel photo albumArtifacts UprisingHardcover Travel Photo Book, available at Artifact Uprising, from $61.20Best for: The vacation photographerThis customizable photo book takes them back to every travel adventure so they'll never forget it. Whether it's a week trip or an extended stay, the travel photo album captures every excursion with charming designs on up to 210 pages.A memorable date night optionEatwith/InstagramGift card, available at Eatwith, from $30Best for: The adventurous dinerEatwith offers cool dining experiences that bring together delicious menus, professional chefs, and interesting guests. Typically held in person, in major cities like New York, Paris, and London, Eatwith is now offering online classes you can take from anywhere that bring unique cooking experiences right into your kitchen. In addition to experiences led by professional chefs from around the world, Eatwith has recently added classes taught by MasterChef contestants.A bag made for hosting mini picnicsAmazonPicnic at Ascot Insulated Wine and Cheese Cooler Bag, available at Amazon, $49.95Best for: The picnicker Our pick for the best picnic basket for carrying bottles, this insulated bag is a great gift for those who want to have a small picnic complete with their favorite drinks and small snacks.An art-inspired chess setMoMa Design StoreKeith Haring Colorful Chess Set, available at MoMA Design Store, $55Best for: The artsy gamerThe Keith Haring Colorful Chess Set doubles as a fun leisure activity and stunning display piece. The chess pieces are inspired by Haring's favorite artworks, from the barking dog to his trademark figures.A fun and educational online cooking classCozymeal/InstagramGift card, available at Cozymeal, from $50Best for: The aspirational chefGifting experiences is on the rise. With a Cozymeal class, they'll learn how to make anything from fresh pasta to beautiful charcuterie boards. In addition to cooking classes, Cozymeal offers online mixology classes and virtual wine tastings.A game that tests their penchant for punsAmazonPun Intended Game, available at Amazon, $19.99Best for: The game night hostIt's a battle of who can devise the most clever puns in this family-friendly card game that requires a quick mind and even quicker writing skills. Game on. The outdoor game you see everyone playing at the parkAmazonSpikeball Game Set, available at Dick's Sporting Goods, $69.99Best for: The bored beach-goerIt's a gorgeous day out and you can't help but notice a few groups having fun while playing some kind of new ball game. Chances are it's Spikeball, the volleyball-esque game that your recipient can set up in any large outdoor space. It takes just 10 minutes to learn the rules. Tech giftsA sunrise alarm clockAmazonPhilips SmartSleep Sunrise Alarm Clock, available at Amazon, $79.95Best for: The aspirational early birdSunrise alarm clocks can help turn typically groggy wake-ups into a softer, more calm way to get out of bed, and the SmartSleep from Philips is one of our favorites. Aside from its calming alarms and beautiful sunrise effect, it also doesn't require the use of an app. An e-book reader that stores thousands of booksAmazonAmazon Kindle, available at Amazon, $99.99Best for: The traveling bookwormA Kindle brings them an easier reading experience, especially when traveling. The Kindle has 8 GB of storage, weeks of battery life, and a vast selection of books to enjoy leisurely wherever, whenever. A TV streaming stickAmazonRoku Streaming Stick +, available at Amazon, $48.88Best for: The TV fanaticRoku's Streaming Stick+ is exceptional for its 4K, HDR, and HD streaming, and long-range wireless receiver. Installing it is an easy process and starts by plugging the stick into the TV. A convenient wireless charging padAmazonAnker PowerWave Wireless Charging Pad, available on Amazon, $15.99Best for: The one who's always low on phone batteryA wireless charger is a great gift for anyone with a glass-backed smartphone that supports the feature. Our reviewer called this one "the perfect wireless charging pad." It charges quickly, looks nice, and can even accommodate thick phone cases.A waterproof outdoor speakerAmazonUltimate Ears Wonderboom 2 Portable Bluetooth Speaker, available at Amazon, Best Buy, and Walmart, from $79.99Best for: The outdoor entertainerThe surprisingly powerful speaker fits in the palm of their hand and can go swimming with them in the pool or ocean. It's also dustproof and therefore suitable for hikes and other outdoor adventures. A stylish accessory with a hidden chargerMark & GrahamPower Up Lightning to USB Tassel Keychain, available at Mark & Graham, from $34.99Best for: The sleek utilitarian The leather keychain is as functional as it is attractive: it has an iPhone lightning input and USB stick so they can charge their phone in their bag. Some colors include free monogramming while others have a $10 monogram fee. A set of trackers for lost itemsCrystal Cox/InsiderTile Pro, available at Amazon, Target, and Walmart, $24.99Best for: The person always losing their keysWhen they can't find their phone, all they have to do is click their Tile button to make their phone ring, even if it's on silent. A case that sanitizes dirty phonesPhone SoapPhoneSoap 3 Smartphone Sanitizer, available at PhoneSoap, $49.95Best for: The neat freakMost of us carry our phones with us everywhere — and we mean, everywhere. PhoneSoap kills 99.9% of common household germs, including bacteria that lead to E.Coli, Salmonella, Staph, the flu, and the common cold. Especially with the pandemic, your recipient will love knowing that their phone is squeaky clean. Food giftsTheir favorite specialty meals from across the countryGoldbellyMeal Kits, available at Goldbelly, from $39.95Best for: The foodieGoldbelly makes it possible to satisfy their most specific and nostalgic cravings no matter where they live in the US — a cheesecake from Junior's, deep dish pizza from Lou Malnati, and more. Browse the iconic gifts section for inspiration.A savory seasoning starter packMomofukuPantry Starter Pack, available at Momofuku, $60Best for: The spice rack re-stockerSpice up their pantry with this flavorful seasoning set. The starter pack includes spicy seasoned salts, restaurant-grade soy and tamari sauces, and chili crunch. Momofuku's site also includes several recipes to make using the ingredients from the set.A set of cocktail mixersWilliams SonomaCasamigos Cocktail Gift Set, available at Williams Sonoma, $56.95Best for: The cocktail connoisseurCo-founded by actor George Clooney, Casamigos is a favorite brand of many tequila lovers. The company's newest addition is a cocktail gift set of uniquely flavored mixers and rimmers. The mixers are exclusively available at Williams Sonoma and include blackberry basil and citrus flavors.The internet's favorite olive oilBrightland/InstagramAwake Olive Oil, available at Brightland, $37Best for: The quality EVOO enthusiastBrightland's olive oils make great gifts for cooks and anyone who loves to entertain. The white bottles protect the EVOO from light damage and look nice displayed on a countertop. International coffee delivered every monthAtlas Coffee Club/Instagram3-Month Gift Subscription, available at Atlas Coffee Club, $50Best for: The coffee loverIt's a worldwide coffee tour without the expense of airplane tickets. Atlas Coffee Club delivers single-origin coffee and always includes a postcard from the country, brewing tips, and flavor notes with each month's shipment. A delicious and unique hot sauceTruff/InstagramTruff White Truffle Hot Sauce, available at Amazon, $25.59Best for: The hot sauce collectorThis hot sauce is infused with white truffle, packing a sweet heat you'll want to add to burritos, pizza, wings, or any other dish you want to make a little more interesting. A gift card from Hello FreshHello FreshGift card, available at Hello Fresh, from $75Best for: The exhausted home cookThe best gifts are for items or services your recipient wouldn't think to purchase for themselves. A gift card from Hello Fresh checks all of these boxes, as it offers a welcome reprieve from grocery shopping and meal planning. Choose from four amounts based on your recipient's household size and needs. We also wrote a full guide to Hello Fresh that includes a breakdown of its special features, how to get started with an account, and more.Sweet treats they won't be able to stop eatingMilk BarThe Chocolatey Classic, available at Milk Bar, $89Best for: The chocolate loverInstead of the usual box of chocolates, gift some of the best-known and most delicious treats from Milk Bar. The set contains 12 soft and chewy cake truffles and an adorable mini birthday cake. Premium distilled whiskeyUncle Nearest WhiskeyUncle Nearest Whiskey, available at ReserveBar, from $60.99Best for: The old-fashioned fanFounded in Tennessee, Uncle Nearest is an award-winning, Black-owned whiskey brand that was inspired by the first known African-American master distiller, Nathan "Nearest" Green. If you're shopping for someone who enjoys a quality glass of whiskey or a whiskey-based cocktail every now and then, a bottle of Uncle Nearest won't disappoint.A flavorful seasoning collectionArtifact UprisingThe Grill & Roast Collection, available at Spicewalla, $19.99Best for: The backyard grillerA set of tasty seasonings is key to making delicious foods, especially during BBQ season. They can use the spices in this collection to add flavor to meats, seafood, vegetables, and even rice.A device that turns plain water into a sparkling beverageAmazonSodaStream Sparkling Water Maker, available at Amazon, $89.99Best for: The fizzy water fanA SodaStream is an amazing gift for anyone who's a fan of fizzy beverages. With this gadget, they can make sparkling water in seconds and add flavors if they want to spice things up.Ready-to-prepare meals that save them timeDaily HarvestCustom Gift Box, available at Daily Harvest, $85Best for: The healthy eaterYour recipient will be able to fill a box with smoothies (including protein smoothies for gym rats), harvest bowls, soup, and more meals that are ready to take on the go. Daily Harvest's healthy offerings are perfect for the busy, wellness-minded people in your life. A chai samplerAmazonVadham Chai Tea Reserve Set, available at Amazon, $23.99Best for: The tea drinkerThis set of loose-leaf teas made it into Oprah's Favorite Things back in 2018. It's filled with three variations of chai that any tea lover will appreciate. A box that lets them explore the exciting world of sakeTippsySake Gift Box, available at Tippsy, $59Best for: The sake drinkerWhile online wine clubs abound, Tippsy is quietly cultivating a community of sake lovers. It offers an abundance of knowledge and premium sake options to anyone who's interested in exploring this underrated alcohol further.  Home giftsA mini fireplaceFood52Personal Concrete Fireplace, available at Food52 and Amazon, from $78.40Best for: The fireplace fanKeep them warm and entertained this summer with this small personal fireplace, which is safe for use indoors and for cooking fun treats like s'mores. A custom pet portraitWest & WillowCustom Pet Portrait, available at West & Willow, from $67Best for: The pet parent If their fur baby is their best friend, they'll go crazy for this custom pet portrait from West & Willow. Upload a photo of their pet, then choose the portrait style, size, frame, add their pet's name, and get ready to make their day with this A+ gift.A whimsical candle from a new brandOtherland/Instagram3-Candle Set, available at Otherland, $89Best for: The fancy candle fanAs our candle-loving editor points out, "Does the world really need another fancy candle brand?" Otherland's candles are so creative and interesting that you won't be able to resist gifting at least a few. A succulent to spruce up their spaceLula's GardenBliss Garden, available at Lula's Garden, $30Best for: The plant parentA small succulent is a perfect way to brighten up their desk, bookshelf, or windowsill. We love this one from Lula's Garden because it's wrapped in a ready-to-gift box. Plus, when you buy one, you support water.org, an organization that helps people all over the world get access to safe, clean water. A wine gift setAmazonIvation Wine Lovers Set with Opener and Preserver, available at Amazon, $49.98Best for: The wine appreciator Help elevate your recipient's wine experience by gifting this wine lover's set. The included wine preserver is a great gift for those that live alone or like to take their time with their wines. The sleek charging base and modern design make this a gift your recipient will be proud to display on their kitchen counter.A sleek knife blockMaterial KitchenThe Stand, available at Material Kitchen, $90Best for: The practical chefWe're big fans of Material Kitchen's minimalist approach to kitchen essentials — like this magnetic, angled knife block made from heavy-duty wood. A fresh flower bouquetUrbanStemsFlower bouquets, available at UrbanStems, from $35Best for: Any fan of flowersIf you don't know what to gift, flowers are always appreciated. A beautiful bouquet delivered right to them is the kindest way to say congrats and show you're thinking of them.A set of sustainable coastersJoanna BuchananRuffle Edge Straw Coasters, available at Joanna Buchanan, $48Best for: The meticulous table setterAdd a pop of color to their indoor and outdoor eating spaces with these colorful straw coasters. The coasters come in a set of four, are handwoven in the Philippines, and are made of sustainable materials.A set of monogrammed hand towelsWeeziePiped Edge Washcloths (Set of 2), available at Weezie, $36Best for: The monogram loverThe extra time and thought put into a personalized gift are worth it. You can add custom embroidery (+$15 per towel) to Weezie's fluffy and absorbent towels. A compact and lightweight hand mixerAmazonKitchenaid 5-Speed Ultra Power Hand Mixer, available at Target, $44.99Best for: The bakerNot all baking tasks require a full stand mixer. KitchenAid's hand mixer doesn't take up a lot of space but gets a variety of jobs done by offering five-speed options. You'll also have fun picking out a unique color for your recipient. The perfect pillow for side sleepersCasperOriginal Casper Pillow, available at Casper, Amazon, and Target, $65Best for: The restless side sleeperThe Original Casper Pillow will help your favorite side sleeper align their neck with their spine while sleeping. We named this pillow the best for side sleepers in our guide to the best pillows. You can customize the pillow even more by choosing its size and height.A cool drink accessory worth celebratingBrumate12oz Insulated Champagne Flute, available at BrüMate, $24.99Best for: The beachside celebratorBrumate's insulated flute prevents the disappointment of bubbly that has gone warm and flat. It holds almost half a bottle of champagne and comes in 30 pretty colors.  A digital photo frameAmazonNIX 8-Inch USB Digital Photo Frame, available at Amazon, $69.99Best for: The modern nostalgistPro-tip: Include a USB stick of your favorite photo memories together with this gift. The high-tech photo frame will shuffle through and display crisp photos and videos, and it can also be mounted on a wall. If you can stretch your budget, the more popular WiFi version is the same idea but more convenient to use because it works right from your phone's gallery. A custom map of a special locationGrafomapCustom Map Poster, available at Grafomap, from $19Best for: The one who always mentions their favorite city Grafomap is the site where you can commemorate important places, be it their hometown, college town, or the city where you two met. The custom design function is easy to use and you can choose to get the final map poster framed or printed on canvas. An everyday stainless steel frying panMade InStainless Clad Frying Pan, available at Made In, $76Best for: The one who is constantly cookingPros like Tom Colicchio trust Made In's cookware to perform in some of the country's top kitchens, so rest assured it's good enough for your recipient. The quickly growing startup is behind a couple of our favorite pieces of cookware. A beautiful piece of handmade drinkwareJFR GlassAntique Silver Glass, available at JFR Glass, $45Best for: The fan of truly unique giftsEach hand-blown glass from JFR Glass is unique. The glasses aren't just pretty — they're also functional and sturdy. They're also dishwasher-safe and UV-resistant, so your recipient can enjoy the pieces forever. A cold brew coffee makerAmazonTakeya Cold Brew Coffee Maker, available at Amazon and Target, $27.99Best for: The daily cold brew consumerHelp your favorite coffee-lover stay caffeinated with this easy-to-use cold brew coffee maker. All they need to do is fill the filter with coffee, add water to the carafe, give it all a shake, and pop it in the fridge. In 12 hours, they will have a delicious cold brew that will have them reconsidering their daily trips to their favorite coffee shop.Style giftsAn affordable cashmere sweaterNaadamMen's and Women's The Essential Cashmere Sweater, available at Naadam, $75Best for: The one with impeccable style No wardrobe is complete without a great cashmere sweater. This one from Naadam is made of heavenly-soft 100% Mongolian cashmere and comes in over 25 colors, so there's truly a shade for everyone.A box of the best socksBombasWomen's Holiday Snowflake Ankle Sock 4-Pack Gift Box, available at Bombas, $66Best for: The appreciator of practical giftsBombas socks are some of our favorites for their arch support and durability. This box set (also available in men's and kid's sizes) features a set of subtly holiday-themed socks they'll wear all year round.A funky pair of shadesCrap EyewearThe Lucid Blur, available at Crap Eyewear, $89Best for: The trendsetterA great pair of sunglasses is a seasonless gift. Even on cold winter days, a pair of sunglasses is needed to block out the sun's glare and keep them looking stylish. If you're looking to snag them a unique pair of sunglasses, check out Crap Eyewear. The styles are fun, affordable, and totally on trend. An artistic watchMoMA Design StoreSwatch x MoMa watch, available at Moma Design Store, from $80Best for: The art enthusiastWhat better way to show off their love of art than a watch inspired by famous paintings? Swatch collaborated with New York's Museum of Modern Art to create these unique watches that resemble artworks from MoMa's collection.A pair of cozy slippersZapposUGG Scuffette II Slippers, available at Zappos, Amazon, and Nordstrom, from $94.95Best for: The comfort appreciator Help them keep their feet warm while working from home with these fuzzy slippers. These high-quality slippers are made of suede and have a sheepskin collar, making them a very useful gift that your recipient may not think to purchase for themselves.A gold bracelet that displays their zodiac signAurateZodiac Bracelet, available at Aurate, $90Best for: The chic astrology enthusiastThe delicate gold vermeil bracelet is a piece they'll want to wear every day. Aurate's beautiful gold jewelry is not only more affordable than traditional fine jewelry, but it's also ethically sourced, representing a new wave of jewelry brands to know about. A sturdy walletAmazonBellroy Slim Sleeve Leather Wallet, available at Bellroy, Amazon, and Nordstrom, $79Best for: The fan of practical giftsReplace their tired and tattered wallet with this slim leather billfold from Insider Reviews' favorite wallet brand Bellroy. It's made with ethically sourced leather that will age wonderfully and last many years.A pair of comfortable wool shoesAllbirdsWool Runners, available at Allbirds, $110Best for: The constant walkerWhile Allbirds has hinted that it's on track to become more than just a shoe brand, we'll always be partial to its original sneakers made from merino wool. We've been wearing and loving the comfortable style for more than two years, and you can't go wrong gifting a pair of these shoes. A reusable bag featuring a fun printBagguStandard Baggu, available at Baggu, $14Best for: The sustainable shopperThere are plenty of reusable nylon shopping bag options out there, but where Baggu really stands out from the crowd is its variety of quirky and colorful prints. These useful bags are the perfect gift for everyone in your life.A pretty leather travel wrap for chargersMark & GrahamLeather Charger Roll Up, available on Mark & Graham, $49Best for: The efficient packerMark & Graham's Leather Charger Roll Up is made from soft, supple leather and has three separate pockets to stash cables and chargers on the go. Get it monogrammed for free.A pair of sparkly hoopsMejuriSapphire Hoops, available at Mejuri, $58Best for: The lover of subtle jewelryTraditional hoops get an embellishment of white sapphire in this affordable piece from Mejuri. Extremely comfortable, flattering lounge pantsMeUndiesLounge Pants, available at MeUndies, $68Best for: The serious loungerThese are some of the best lounge pants we've ever tried. If they're spending more time in casual wear, they'll spend an inordinate amount of time in these. We also appreciate that the silky MicroModal and sleek cut make them perfectly acceptable for wearing in public to grab the mail.A high-quality leather band for an Apple WatchAmazonBullstrap Full-Grain Italian Leather Watch Band, available at Amazon, $95Best for: The stylish watch wearerBullstrap's Italian Leather Watch Bands are the perfect way to add some elegance to an Apple Watch. They come in several colors of leather and are compatible with all generations of the Apple Watch.A mini duffel crossbody with a distinctive lookDagne DoverExtra Small Landon Carryall, available at Dagne Dover, $93.75Best for: The one who's always on the goDagne Dover excels at making functional and versatile bags like work totes and this extra small version of its popular neoprene duffel. Inside, they'll find a compartment just large enough for the day's essentials, pockets to keep them organized, and a detachable key leash. Premium underwear that's worth every pennyTommy JohnMen's Second Skin Boxer Brief (3-Pack), available at Tommy John, $86Best for: The person who'd appreciate good underwearIt's not an exaggeration to say Tommy John could be the most comfortable boxers your recipient has ever worn. The Second Skin, in particular, is a standout — smooth, soft, stretchy, and breathable. The coziest moccasins we've ever wornL.L.BeanWomen's Wicked Good Moccasins, available at L.L.Bean, $89Best for: The winter cabin weekenderCan you practically feel the soft fluffiness of these slippers through your screen? L.L.Bean supposedly sells a pair of these cushioned sheepskin shoes every seven seconds during December, proving that they are worth the purchase.A pair of blue light-blocking glasses that look good enough to wear outside of the houseMVMTIngram Crystal Everscroll Glasses, available at MVMT, $78Best for: The one who works in front of a screen all dayHelp them protect their eyes from harsh screens with a pair of blue-light-blocking glasses. Their eyes won't feel as strained, and they might be able to drift off to sleep more quickly. Beauty and self-care giftsA simple but luxurious body washNecessaireNecessaire The Body Wash, available at Sephora, $25Best for: The person who appreciates a good showerNew startup Necessaire formulates its body care products with vitamins A, B3, C, E, and omega-6 and omega-9. The subtly scented Body Wash will leave their skin feeling clean, soft, and nourished. A glamorous nail kitOlive and JuneThe Mani System Box, available at Olive and June, $85Best for: The DIY nail artistFrom shimmery to matte polish options, gift them this game-changing nail kit. It includes six different shades you can pick yourself, a topcoat, nail polish remover, nail tools, and even a latte mug.A hair towel that cuts drying time in halfAmazonAquis Rapid Dry Lisse Hair Towel, available at Anthropologie and Bergdorf Goodman, $30Best for: The one who takes hair care seriouslyAquis' cult-favorite hair towels have inspired a slew of rave reviews online, including one from our own team of product reviewers. The towels are made from a proprietary fabric called Aquitex that's composed of ultra-fine fibers (finer than silk) that work to reduce the amount of friction the hair experiences while in its weakest state. A silky hand creamLa Mer/InstagramLa Mer Hand Treatment, available at Nordstrom, $90Best for: The fan of smooth handsOf all La Mer's premium skincare products, the Hand Treatment is a brand favorite. This creamy formula is the perfect texture to help heal dry hands.A small skincare tool that removes 99.5% of dirt, oil, and makeup residueAmazonForeo Luna Facial Cleansing Brush, available at Amazon and Ulta, from $83.40Best for: The skincare enthusiastOur team swears by these gentle yet effective cleaning brushes. They have hygienic silicone bristles and come in five different models for different skin types. The Luna is small enough to bring on the go, so your recipient can maintain their skincare routine no matter where they are.An easy-to-use trimmerPhilips NorelcoPhilips Norelco OneBlade Face + Body Trimmer, available at Amazon, Target, and Walmart, from $39.96Best for: The person who prefers a close shaveWhat separates the Philips Norelco OneBlade from other trimmers and shavers is the unique blade. It uses a fast-moving OneBlade cutter with a protection system on both sides of the blade to prevent knicks. The base of the blade will contour to his face, allowing for a comfortable shave or trim without irritation — and it works for wet or dry shaving.A solution to their back painBest BuyUpright Go 2 Posture Trainer, available at Best Buy, $79.99Best for: The person working on their postureThis gift is for anyone who is always complaining about their back pain or poor posture. Upright Go is an innovative and discreet device that sticks to the top of their back and helps them improve their posture, day by day. A sleep mask made with high-quality mulberry silkNordstromSlip Pure Silk Sleep Mask, available at Nordstrom, $50Best for: The person who takes sleep seriouslyFew things are more luxurious than sleeping with a silk mask. Thanks to its all silk construction, your recipient's face will feel cool all night long. An electric toothbrush they won't want to hide awayGobyMoonstone Electric Toothbrush, available at Goby, $95Best for: The dental-care obsessedIn addition to its sleek design, the Goby Toothbrush stands out for its soft brush head, normal and sensitive brushing speeds, and convenient USB charging shell. A cult-favorite fragranceLe Labo/InstagramLe Labo AnOther 13 Eau de Parfum, available at Nordstrom, from $90Best for: The daily perfume userLe Labo is famous for its distinctive packaging and subtle yet inviting scents. The AnOther is musky and woodsy, but it's balanced out with ingredients like jasmine petals. Fitness, outdoor, and hobby giftsA high-quality yoga matMandukaManduka PROlite Yoga Mat, available at Amazon, Manduka, and REI, $99Best for: The yogi Make their sweat sessions better with the addition of a great yoga mat. The Manduka PROlite boasts supportive, dense cushioning and a no-slip grip, but it's still super lightweight for easy carrying.An instant cameraFujifilmFujifilm Instax Mini 11 Instant Camera, available at Amazon, Walmart, and Urban Outfitters, from $73.25Best for: The memory makerSure, they can snap photos on their iPhone all night long, but these days there's something particularly special about having tangible photographs. An instant camera is the perfect gift for the one who loves documenting life in photos.A gift card from BookshopCrystal Cox/InsiderGift Card, available at Bookshop, from $10Best for: The bookstore browserBookshop allows readers to support small bookstores online. The retailer sells gift cards that your recipient will be able to use to shop online from their favorite indie bookstore. The gift cards never expire and can be bought in increments from $10 to $1000.An at-home pottery kitSculpdPottery Kit, available at Sculpd, $65Best for: The crafterThis pottery kit offers a unique activity to do with your loved ones. Each kit comes with enough supplies for two people, with add-on supplies also available for purchase so that more can participate. It also includes a step-by-step instructional booklet.A sleek fitness trackerFitbitFitbit Inspire 2, available at Best Buy, Target, and Fitbit, $79.95Best for: The avid athleteFitbit's affordable Inspire 2 tracker has no shortage of useful features to keep them informed about their physical activity. The heart rate monitor lets them be more strategic about their workouts by tracking calorie burn, resting heart rate, and heart rate zones.Membership to a popular nationwide book clubBook of the Month6-Month Subscription, available at Book of the Month, $99.99Best for: The avid readerIf they prefer the incomparable feel of a hardcover book, set them up with a Book of the Month membership. It offers five curated titles, mainly from up-and-coming authors, to choose from every month. A bike horn that can honk as loud as a carPriority BicyclesPriority High Power Horn, available at Priority Bicycles, $29.99Best for: The bike commuterBorn out of a research project between Priority Bicycles and Toyota, this bike horn can get as loud as the one in a car. This is an excellent safety accessory for bikers.A gorgeous coffee table book that helps cure their travel bugAmazon"1,000 Places to See Before You Die (Deluxe Edition): The World as You've Never Seen It Before" by Patricia Schultz, available at Barnes & Noble, $50.99Best for: The aspirational travelerPatricia Schultz's original "1,000 Places" captured imaginations with its compelling curation of experiences all over the world. The newly released deluxe edition features a beautiful gold-embellished cover and more than 1,000 new photographs. An interactive state park mapUncommonGoodsState Parks Explorer Map, available at UncommonGoods, $28Best for: The hikerThis state park map is sure to come in handy whenever they venture into the outdoors. Choose from 10 maps that each list over 30 parks in states such as New York, California, and Connecticut. The map includes a sheet of gold stickers so they can mark their progress after each park visit.Read the original article on Business Insider.....»»

Category: smallbizSource: nytDec 5th, 2022

80 thoughtful gift ideas under $100

From a personalized photo book to a sunrise alarm clock, here are 80 gift ideas under $100 for every type of person on your gift list. When you buy through our links, Insider may earn an affiliate commission. Learn more.MoMA Store/Artifact UprisingThere's no greater feeling than knowing you gave someone a gift they truly love. If you're the kind of person who counts gift-giving as their love language, you know that it's pretty easy to go over your budget in your quest to find the perfect gift. With a $100 budget, you can find great gifts that cater to their interests, fulfill a need, or offer them something new to try. No matter the occasion, we're confident that these gifts are sure to impress. From the latest and greatest kitchen gadgets to luxury beauty products, we've rounded up 80 gift ideas you can snag for $100 or less. We also have guides for gifts under $25 and gifts under $50. If you're not shopping by budget, we also have gift guides that cover many price points and interests. *This list includes a Sponsored Product that has been suggested by AncestryDNA. It also meets our editorial criteria in terms of quality and value.A succulent to spruce up their spaceLula's GardenBliss Garden, available at Lula's Garden, $30Best for: The plant parentA small succulent is a perfect way to brighten up their desk, bookshelf, or windowsill. We love this one from Lula's Garden because it's wrapped in a ready-to-gift box. Plus, when you buy one, you support water.org, an organization that helps people all over the world get access to safe, clean water. A mini fireplaceFood52Personal Concrete Fireplace, available at Food52, $98Best for: The fireplace fanKeep them warm and entertained this summer with this small personal fireplace, which is safe for use indoors and for cooking fun treats like s'mores. A DNA kit to learn more about your family historyAmazonAncestryDNA kit, available at Ancestry, $59Curious about family history? This AncestryDNA test tells you more about genetic ethnicity — and opens up rich conversations about family heritage and personal stories. We like Ancestry because it surveys an extensive population and links you with relatives.*Sponsored by Ancestry.A sunrise alarm clockAmazonPhilips SmartSleep Sunrise Alarm Clock, available at Amazon, $79.95Best for: The aspirational early birdSunrise alarm clocks can help turn typically groggy wake-ups into a softer, more calm way to get out of bed, and the SmartSleep from Philips is one of our favorites. Aside from its calming alarms and beautiful sunrise effect, it also doesn't require the use of an app. A creative Keith Haring-inspired chess setMoMa Design StoreKeith Haring Colorful Chess Set, available at MoMA Design Store, $55Best for: The artsy gamerThe Keith Haring Colorful Chess Set doubles as a fun leisure activity and stunning display piece. The chess pieces are inspired by Haring's favorite artworks, from the barking dog to his trademark figures.A glamorous nail kitOlive and JuneThe Mani System Box, available at Olive and June, $85Best for: The DIY nail artistFrom shimmery to matte polish options, gift them this game-changing nail kit. It includes six different shades you can pick yourself, a topcoat, nail polish remover, nail tools, and even a latte mug.An e-book reader that stores thousands of booksAmazonKindle, available at Amazon, $89.99Best for: The traveling bookwormA Kindle brings them an easier reading experience, especially when traveling. The Kindle has 8 GB of storage, weeks of battery life, and a vast selection of books to enjoy leisurely wherever, whenever. An artistic watchMoMA Design StoreSwatch x MoMa watch, available at Moma Design Store, from $80Best for: The art enthusiastWhat better way to show off their love of art than a watch inspired by famous paintings? Swatch collaborated with New York's Museum of Modern Art to create these unique watches that resemble artworks from MoMa's collection.A travel photo albumArtifacts UprisingHardcover Travel Photo Book, available at Artifact Uprising, from $72Best for: The vacation photographerThis customizable photo book takes them back to every travel adventure so they'll never forget it. Whether it's a week trip or an extended stay, the travel photo album captures every excursion with charming designs on up to 210 pages.A fresh flower bouquetUrbanStemsFlower bouquets, available at UrbanStems, from $32Best for: Any fan of flowersIf you don't know what to gift, flowers are always appreciated. A beautiful bouquet delivered right to them is the kindest way to say congrats and show you're thinking of them.The perfect pillow for side sleepersCasperOriginal Casper Pillow, available at Casper, $65Best for: The restless side sleeperThe Original Casper Pillow will help your favorite side sleeper align their neck with their spine while sleeping. We named this pillow the best for side sleepers in our guide to the best pillows. You can customize the pillow even more by choosing its size and height.A gift card from BookshopCrystal Cox/InsiderGift card, available at Bookshop, from $10Best for: The bookstore browserBookshop allows readers to support small bookstores online. The retailer sells gift cards that your recipient will be able to use to shop online from their favorite indie bookstore. The gift cards never expire and can be bought in increments from $10 to $1000.An at-home pottery kitSculpdPottery Kit, available at Sculpd, $65Best for: The crafterThis pottery kit offers a unique activity to do with your loved ones. Each kit comes with enough supplies for two people, with add-on supplies also available for purchase so that more can participate. It also includes a step-by-step instructional booklet.A set of cocktail mixers that taste like summerWilliams SonomaCasamigos Cocktail Gift Set, available at Williams Sonoma, $56.95Best for: The cocktail connoisseurCo-founded by actor George Clooney, Casamigos is a favorite brand of many tequila lovers. The company's newest addition is a cocktail gift set of uniquely flavored mixers and rimmers. The mixers are exclusively available at Williams Sonoma and include blackberry basil and citrus flavors.A gift card from Hello FreshHello FreshGift card, available at Hello Fresh, from $75Best for: The exhausted home cookThe best gifts are for items or services your recipient wouldn't think to purchase for themselves. A gift card from Hello Fresh checks all of these boxes, as it offers a welcome reprieve from grocery shopping and meal planning. Choose from four amounts based on your recipient's household size and needs. We also wrote a full guide to Hello Fresh that includes a breakdown of its special features, how to get started with an account, and more.A bag made for hosting mini picnicsAmazonPicnic at Ascot Insulated Wine and Cheese Cooler Bag, available at Amazon, $49Best for: The picnicker Our pick for the best picnic basket for carrying bottles, this insulated bag is a great gift for those who want to have a small picnic complete with their favorite drinks and small snacks.A set of sustainable coastersJoanna BuchananRuffle Edge Straw Coasters, available at Joanna Buchanan, $48Best for: The meticulous table setterAdd a pop of color to their indoor and outdoor eating spaces with these colorful straw coasters. The coasters come in a set of four, are handwoven in the Philippines, and are made of sustainable materials.A savory seasoning starter packMomofukuPantry Starter Pack, available at Momofuku, $60Best for: The spice rack re-stockerSpice up their pantry with this flavorful seasoning set. The starter pack includes spicy seasoned salts, restaurant-grade soy and tamari sauces, and chili crunch. Momofuku's site also includes several recipes to make using the ingredients from the set.A pair of cozy slippersZapposUGG Scuffette II Slippers, available at Zappos, $94.95Best for: The comfort appreciator Help them keep their feet warm while working from home with these fuzzy slippers. These high-quality slippers are made of suede and have a sheepskin collar, making them a very useful gift that your recipient may not think to purchase for themselves.A wine gift setAmazonIvation Wine Lovers Set with Opener and Preserver, available at Amazon, $49.98Best for: The wine appreciator Help elevate your recipient's wine experience by gifting this wine lover's set. The included wine preserver is a great gift for those that live alone or like to take their time with their wines. The sleek charging base and modern design make this a gift your recipient will be proud to display on their kitchen counter.A device that turns plain water into a sparkling beverageAmazonSodaStream Sparkling Water Maker, available at Amazon, $89.99Best for: The fizzy water fanA SodaStream is an amazing gift for anyone who's a fan of fizzy beverages. With this gadget, they can make sparkling water in seconds and add flavors if they want to spice things up.A sturdy walletAmazonBellroy Slim Sleeve Leather Wallet, available at Bellroy, $79Best for: The fan of practical giftsReplace their tired and tattered wallet with this slim leather billfold from Insider Reviews' favorite wallet brand Bellroy. It's made with ethically sourced leather that will age wonderfully and last many years.A sleek fitness tracker that includes heart rate monitoringFitbitFitbit Inspire 2, available at Best Buy, $69.95Best for: The avid athleteFitbit's affordable Inspire 2 tracker has no shortage of useful features to keep them informed about their physical activity. The heart rate monitor lets them be more strategic about their workouts by tracking calorie burn, resting heart rate, and heart rate zones.A hair towel that cuts drying time in halfAmazonAquis Original Microfiber Hair Turban, available at Amazon, $20.49Best for: The one who takes hair care seriouslyAquis' cult-favorite hair towels have inspired a slew of rave reviews online, including one from our own team of product reviewers. The towels are made from a proprietary fabric called Aquitex that's composed of ultra-fine fibers (finer than silk) that work to reduce the amount of friction the hair experiences while in its weakest state. A memorable date night optionEatwith/InstagramGift card, available at Eatwith, from $30Best for: The adventurous dinerEatwith offers cool dining experiences that bring together delicious menus, professional chefs, and interesting guests. Typically held in person, in major cities like New York, Paris, and London, Eatwith is now offering online classes you can take from anywhere that bring unique cooking experiences right into your kitchen. In addition to experiences led by professional chefs from around the world, Eatwith has recently added classes taught by MasterChef contestants.A pair of comfortable wool shoesAllbirdsWool Runners, available at Allbirds, $110Best for: The constant walkerWhile Allbirds has hinted that it's on track to become more than just a shoe brand, we'll always be partial to its original sneakers made from merino wool. We've been wearing and loving the comfortable style for more than two years, and you can't go wrong gifting a pair of these shoes. Coffee from a different country, delivered every monthAtlas Coffee Club/Instagram3-Month Gift Subscription, available at Atlas Coffee Club, $55Best for: The coffee loverIt's a worldwide coffee tour without the expense of airplane tickets. Atlas Coffee Club delivers single-origin coffee and always includes a postcard from the country, brewing tips, and flavor notes with each month's shipment. A small skincare tool that removes 99.5% of dirt, oil, and makeup residueAmazonForeo Luna Facial Cleansing Brush, available at Amazon, $66.52Best for: The skincare enthusiastOur team swears by these gentle yet effective cleaning brushes. They have hygienic silicone bristles and come in five different models for different skin types. The Luna is small enough to bring on the go, so your recipient can maintain their skincare routine no matter where they are.A digital photo frameAmazonNIX 8-Inch USB Digital Photo Frame, available at Amazon, $69.99Best for: The modern nostalgistPro-tip: Include a USB stick of your favorite photo memories together with this gift. The high-tech photo frame will shuffle through and display crisp photos and videos, and it can also be mounted on a wall. If you can stretch your budget, the more popular WiFi version is the same idea but more convenient to use because it works right from your phone's gallery. An easy-to-use trimmerPhilips NorelcoPhilips Norelco OneBlade Face + Body Trimmer, available at Amazon, $47.75Best for: The person who prefers a close shaveWhat separates the Philips Norelco OneBlade from other trimmers and shavers is the unique blade. It uses a fast-moving OneBlade cutter with a protection system on both sides of the blade to prevent knicks. The base of the blade will contour to his face, allowing for a comfortable shave or trim without irritation — and it works for wet or dry shaving.A convenient wireless charging padAmazonAnker PowerWave Wireless Charging Pad, available on Amazon, $13.99Best for: The one who's always low on phone batteryA wireless charger is a great gift for anyone with a glass-backed smartphone that supports the feature. Our reviewer called this one "the perfect wireless charging pad." It charges quickly, looks nice, and can even accommodate thick phone cases.Membership to a popular nationwide book clubBook of the Month6-Month Subscription, available at Book of the Month, $99.99Best for: The avid readerIf they prefer the incomparable feel of a hardcover book, set them up with a Book of the Month membership. It offers five curated titles, mainly from up-and-coming authors, to choose from every month. A solution to their back painBest BuyUpright Go 2 Posture Trainer, available at Best Buy, $79.99Best for: The person working on their postureThis gift is for anyone who is always complaining about their back pain or poor posture. Upright Go is an innovative and discreet device that sticks to the top of their back and helps them improve their posture, day by day. A fan-favorite cookbook with original illustrationsAmazon"Salt, Fat, Acid, Heat" by Samin Nosrat, available at Amazon, $16.65Best for: The experimental cookThis is the perfect cookbook for those just getting into cooking. Chef and New York Times columnist Samin Nosrat outlines the foundations of cooking and presents it in a fun, engaging way alongside original illustrations. Their favorite specialty meals, no matter where they areGoldbellyMeal kits, available at Goldbelly, from $25Best for: The foodieGoldbelly makes it possible to satisfy their most specific and nostalgic cravings no matter where they live in the US — a cheesecake from Junior's, deep dish pizza from Lou Malnati, and more. Browse the iconic gifts section for inspiration.A stylish accessory with a hidden chargerMark & GrahamPower Up Lightning to USB Tassel Keychain, available at Mark & Graham, from $49Best for: The sleek utilitarian The leather keychain is as functional as it is attractive: it has an iPhone lightning input and USB stick so they can charge their phone in their bag. Some colors include free monogramming while others have a $10 monogram fee. A cold brew coffee makerAmazonTakeya Cold Brew Maker, available at Amazon, $27.99Best for: The daily cold brew consumerHelp your favorite coffee-lover stay caffeinated with this easy-to-use cold brew coffee maker. All they need to do is fill the filter with coffee, add water to the carafe, give it all a shake, and pop it in the fridge. In 12 hours, they will have a delicious cold brew that will have them reconsidering their daily trips to their favorite coffee shop.A reusable bag featuring a fun printBagguStandard Baggu, available at Baggu, $14Best for: The sustainable shopperThere are plenty of reusable nylon shopping bag options out there, but where Baggu really stands out from the crowd is its variety of quirky and colorful prints. These useful bags are the perfect gift for everyone in your life.A fun and educational online cooking classCozymeal/InstagramGift card, available at Cozymeal, from $50Best for: The aspirational chefGifting experiences is on the rise. With a Cozymeal class, they'll learn how to make anything from fresh pasta to beautiful charcuterie boards. In addition to cooking classes, Cozymeal offers online mixology classes and virtual wine tastings.A set of trackers for the absent-mindedAmazonTile Pro (2-Pack), available at Amazon, $47.99Best for: The person always losing their keysWhen they can't find their phone, all they have to do is click their Tile button to make their phone ring, even if it's on silent. An electric toothbrush they won't want to hide awayGobyMoonstone Electric Toothbrush, available at Goby, $95Best for: The dental-care obsessedIn addition to its sleek design, the Goby Toothbrush stands out for its soft brush head, normal and sensitive brushing speeds, and convenient USB charging shell. Ready-to-prepare meals that save them timeDaily HarvestThe 9-Item Gift Card, available at Daily Harvest, $75Best for: The healthy eaterYour recipient will be able to fill a box with smoothies (including protein smoothies for gym rats), harvest bowls, soup, and more meals that are ready to take on the go. Daily Harvest's healthy offerings are perfect for the busy, wellness-minded people in your life. A case that sanitizes dirty phonesPhone SoapPhoneSoap 3 Smartphone Sanitizer, available at PhoneSoap, $79.95Best for: The neat freakMost of us carry our phones with us everywhere — and we mean, everywhere. PhoneSoap kills 99.9% of common household germs, including bacteria that lead to E.Coli, Salmonella, Staph, the flu, and the common cold. Especially with the pandemic, your recipient will love knowing that their phone is squeaky clean. A pretty leather wrap for taking chargers and cables on the goMark & GrahamLeather Charger Roll Up, available on Mark & Graham, from $24.99Best for: The efficient packerMark & Graham's Leather Charger Roll Up is made from soft, supple leather and has three separate pockets to stash cables and chargers on the go. Get it monogrammed for free.A delicious and unique hot sauceTruff/InstagramTruff White Truffle Hot Sauce, available at Amazon, $26.99Best for: The hot sauce collectorThis hot sauce is infused with white truffle, packing a sweet heat you'll want to add to burritos, pizza, wings, or any other dish you want to make a little more interesting. Extremely comfortable, flattering lounge pantsMeUndiesLounge Pants, available at MeUndies, $68Best for: The serious loungerThese are some of the best lounge pants we've ever tried. If they're spending more time in casual wear, they'll spend an inordinate amount of time in these. We also appreciate that the silky MicroModal and sleek cut make them perfectly acceptable for wearing in public to grab the mail.A bike horn that can honk as loud as a carPriority BicyclesPriority High Power Horn, available at Priority Bicycles, $29.99Best for: The bike commuterBorn out of a research project between Priority Bicycles and Toyota, this bike horn can get as loud as the one in a car. This is an excellent safety accessory for bikers.A silky hand creamLa Mer/InstagramLa Mer Hand Treatment, available at Nordstrom, $90Best for: The fan of smooth handsOf all La Mer's premium skincare products, the Hand Treatment is a brand favorite. This creamy formula is the perfect texture to help heal dry hands.The internet's favorite olive oilBrightland/InstagramAwake Olive Oil, available at Brightland, $37Best for: The quality EVOO enthusiastBrightland's olive oils make great gifts for cooks and anyone who loves to entertain. The white bottles protect the EVOO from light damage and look nice displayed on a countertop. Premium distilled whiskeyUncle Nearest WhiskeyUncle Nearest Whiskey, available at ReserveBar, from $56Best for: The old-fashioned fanFounded in Tennessee, Uncle Nearest is an award-winning, Black-owned whiskey brand that was inspired by the first known African-American master distiller, Nathan "Nearest" Green. If you're shopping for someone who enjoys a quality glass of whiskey or a whiskey-based cocktail every now and then, a bottle of Uncle Nearest won't disappoint.A sleek knife blockMaterial KitchenThe Stand, available at Material Kitchen, $90Best for: The practical chefWe're big fans of Material Kitchen's minimalist approach to kitchen essentials — like this magnetic, angled knife block made from heavy-duty wood. A simple but luxurious body washNecessaireNecessaire The Body Wash, available at Sephora, $25Best for: The person who appreciates a good showerNew startup Necessaire formulates its body care products with vitamins A, B3, C, E, and omega-6 and omega-9. The subtly scented Body Wash will leave their skin feeling clean, soft, and nourished. A high-quality leather band for an Apple WatchAmazonBullstrap Full-Grain Italian Leather Watch Band, available at Amazon, $95Best for: The stylish watch wearerBullstrap's Italian Leather Watch Bands are the perfect way to add some elegance to an Apple Watch. They come in several colors of leather and are compatible with all generations of the Apple Watch.A pair of sparkly hoopsMejuriSapphire Hoops, available at Mejuri, $58Best for: The lover of subtle jewelryTraditional hoops get an embellishment of white sapphire in this affordable piece from Mejuri. Premium underwear that's worth every pennyTommy JohnMen's Second Skin Boxer Brief 3-Pack, available at Tommy John, $97Best for: The person who'd appreciate good underwearIt's not an exaggeration to say Tommy John could be the most comfortable boxers your recipient has ever worn. The Second Skin, in particular, is a standout — smooth, soft, stretchy, and breathable. A cool drink accessory worth celebratingBrumate12oz Insulated Champagne Flute, available at BrüMate, from $24.99Best for: The beachside celebratorBrumate's insulated flute prevents the disappointment of bubbly that has gone warm and flat. It holds almost half a bottle of champagne and comes in 30 pretty colors.  A whimsical candle from a new brandOtherland/Instagram3-Candle Set, available at Otherland, $89Best for: The fancy candle fanAs our candle-loving editor points out, "Does the world really need another fancy candle brand?" Otherland's candles are so creative and interesting that you won't be able to resist gifting at least a few. A gold bracelet that displays their zodiac signAurateZodiac Bracelet, available at Aurate, $90Best for: The chic astrology enthusiastThe delicate gold vermeil bracelet is a piece they'll want to wear every day. Aurate's beautiful gold jewelry is not only more affordable than traditional fine jewelry, but it's also ethically sourced, representing a new wave of jewelry brands to know about. A mini duffel crossbody with a distinctive lookDagne DoverExtra Small Landon Carryall, available at Dagne Dover, $110Best for: The one who's always on the goDagne Dover excels at making functional and versatile bags like work totes and this extra small version of its popular neoprene duffel. Inside, they'll find a compartment just large enough for the day's essentials, pockets to keep them organized, and a detachable key leash. A streaming stick that gives them access to more than 500,000 movies and TV episodesAmazonRoku Streaming Stick +, available at Amazon, $48.25Best for: The TV fanaticRoku's Streaming Stick+ is exceptional for its 4K, HDR, and HD streaming, and long-range wireless receiver. Installing it is an easy process and starts by plugging the stick into the TV. Sweet treats they won't be able to stop eatingMilk BarThe Chocolatey Classic, available at Milk Bar, $89Best for: The chocolate loverInstead of the usual box of chocolates, gift some of the best-known and most delicious treats from Milk Bar. The set contains 12 soft and chewy cake truffles and an adorable mini birthday cake. A box that lets them explore the exciting world of sakeTippsySake Gift Box, available at Tippsy, $59Best for: The sake drinkerWhile online wine clubs abound, Tippsy is quietly cultivating a community of sake lovers. It offers an abundance of knowledge and premium sake options to anyone who's interested in exploring this underrated alcohol further.  A compact and lightweight hand mixerAmazonKitchenaid 5-Speed Ultra Power Hand Mixer, available at Target, $54.99Best for: The bakerNot all baking tasks require a full stand mixer. KitchenAid's hand mixer doesn't take up a lot of space but gets a variety of jobs done by offering five-speed options. You'll also have fun picking out a unique color for your recipient. A game that tests their penchant for punsAmazonPun Intended Game, available at Amazon, $24.99Best for: The game night hostIt's a battle of who can devise the most clever puns in this family-friendly card game that requires a quick mind and even quicker writing skills. Game on. A custom map of a special locationGrafomapCustom Map Poster, available at Grafomap, from $19Best for: The one who always mentions their favorite city Grafomap is the site where you can commemorate important places, be it their hometown, college town, or the city where you two met. The custom design function is easy to use and you can choose to get the final map poster framed or printed on canvas. A waterproof outdoor speakerAmazonUltimate Ears Wonderboom Speaker, available at Amazon, from $93.97Best for: The outdoor entertainerThe surprisingly powerful speaker fits in the palm of their hand and can go swimming with them in the pool or ocean. It's also dustproof and therefore suitable for hikes and other outdoor adventures. A sleep mask made with high-quality mulberry silkNordstromSlip Pure Silk Sleep Mask, available at Nordstrom, $50Best for: The person who takes sleep seriouslyFew things are more luxurious than sleeping with a silk mask. Thanks to its all silk construction, your recipient's face will feel cool all night long. A plush bathrobeParachuteClassic Bathrobe, available at Parachute, $109Best for: The fan of pure comfortIt's all too tempting to stay wrapped up in this Turkish cotton bathrobe long after they've stepped out of the shower. The thick robe is our pick for the best bathrobe you can buy. A chai samplerAmazonVadham Chai Tea Reserve Set, available at Amazon, $29.99Best for: The tea drinkerThis set of loose-leaf teas made it into Oprah's Favorite Things back in 2018. It's filled with three variations of chai that any tea lover will appreciate. A cult-favorite fragranceLe Labo/InstagramLe Labo AnOther 13 Eau de Parfum, available at Nordstrom, from $215Best for: The daily perfume userLe Labo is famous for its distinctive packaging and subtle yet inviting scents. The AnOther is musky and woodsy, but it's balanced out with ingredients like jasmine petals. The outdoor game you see everyone playing at the parkAmazonSpikeball Game Set, available at Dick's Sporting Goods, $69.99Best for: The bored beach-goerIt's a gorgeous day out and you can't help but notice a few groups having fun while playing some kind of new ball game. Chances are it's Spikeball, the volleyball-esque game that your recipient can set up in any large outdoor space. It takes just 10 minutes to learn the rules. A pair of blue light-blocking glasses that look good enough to wear outside of the houseMVMTIngram Crystal Everscroll Glasses, available at MVMT, $78Best for: The one who works in front of a screen all dayHelp them protect their eyes from harsh screens with a pair of blue-light-blocking glasses. Their eyes won't feel as strained, and they might be able to drift off to sleep more quickly. A set of monogrammed hand towelsWeeziePiped Edge Washcloths (Set of 2), available at Weezie, $36Best for: The monogram loverThe extra time and thought put into a personalized gift are worth it. You can add custom embroidery (+$15 per towel) to Weezie's fluffy and absorbent towels. A flavorful seasoning collectionArtifact UprisingThe Grill & Roast Collection, available at Spicewalla, $19.99Best for: The backyard grillerA set of tasty seasonings is key to making delicious foods, especially during BBQ season. They can use the spices in this collection to add flavor to meats, seafood, vegetables, and even rice.The coziest moccasins we've ever wornL.L.BeanWomen's Wicked Good Moccasins, available at L.L.Bean, $89Best for: The winter cabin weekenderCan you practically feel the soft fluffiness of these slippers through your screen? L.L.Bean supposedly sells a pair of these cushioned sheepskin shoes every seven seconds during December, proving that they are worth the purchase.An everyday stainless steel frying pan that professional cooks loveMade InFrying Pan, available at Made In, $79Best for: The one who is constantly cookingPros like Tom Colicchio trust Made In's cookware to perform in some of the country's top kitchens, so rest assured it's good enough for your recipient. The quickly growing startup is behind a couple of our favorite pieces of cookware. A gorgeous coffee table book that helps cure their travel bugAmazon"1,000 Places to See Before You Die (Deluxe Edition): The World as You've Never Seen It Before" by Patricia Schultz, available at Barnes & Noble, $50.99Best for: The aspirational travelerPatricia Schultz's original "1,000 Places" captured imaginations with its compelling curation of experiences all over the world. The newly released deluxe edition features a beautiful gold-embellished cover and more than 1,000 new photographs. A fun, cult-favorite board gameAmazonSettlers of Catan Board Game, available at Walmart, $47.49Best for: The committed gamerThe Settlers of Catan relies upon strategy and sometimes luck to build civilizations — and it can last for hours. A beautiful piece of handmade drinkwareJFR GlassAntique Silver Glass, available at JFR Glass, $45Best for: The fan of truly unique giftsEach hand-blown glass from JFR Glass is unique. The glasses aren't just pretty — they're also functional and sturdy. They're also dishwasher-safe and UV-resistant, so your recipient can enjoy the pieces forever. An interactive state park mapUncommonGoodsState Parks Explorer Map, available at UncommonGoods, $28Best for: The hikerThis state park map is sure to come in handy whenever they venture into the outdoors. Choose from 10 maps that each list over 30 parks in states such as New York, California, and Connecticut. The map includes a sheet of gold stickers so they can mark their progress after each park visit.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 3rd, 2022

Governor Hochul and Mayor Adams Announce Completion of $62 Million Affordable Housing Development in the Bronx

Governor Kathy Hochul and Mayor Eric Adams today announced the completion of a $62 million affordable housing development in the Morrisania section of the Bronx. The El Borinquen Residence creates 148 new affordable apartments, including 90 with on-site supportive services for people experiencing homelessness and 29 homes reserved for seniors.   “Affordable and supportive housing is a fundamental component to addressing homelessness across the state,” Governor Hochul said. “Building on the successful... The post Governor Hochul and Mayor Adams Announce Completion of $62 Million Affordable Housing Development in the Bronx appeared first on Real Estate Weekly. Governor Kathy Hochul and Mayor Eric Adams today announced the completion of a $62 million affordable housing development in the Morrisania section of the Bronx. The El Borinquen Residence creates 148 new affordable apartments, including 90 with on-site supportive services for people experiencing homelessness and 29 homes reserved for seniors.   “Affordable and supportive housing is a fundamental component to addressing homelessness across the state,” Governor Hochul said. “Building on the successful opening of the El Borinquen Residence, my administration is implementing our $25 billion, five-year housing plan that will allow us to continue to make important investments in communities like the Bronx. By increasing the supply of high-quality inclusive housing, we can ensure that New Yorkers have not only an affordable place to call home, but also access to the supportive services they need to thrive.”   New York City Mayor Eric Adams said, “With the completion of the El Borinquen Residence, more of our neighbors experiencing homelessness and mental illness will have a place they can call home. Our administration’s Housing Our Neighbors blueprint finally treats homelessness as a housing problem and we’re working to solve it with a housing solution, and supportive housing projects like El Borinquen are a critical part of making that solution reality. Thank you to our partners helping to ‘Get Stuff Done’ for the Bronx and New York City.” The El Borinquen Residence complements Governor Hochul’s sweeping plans to make housing more affordable, equitable, and stable. In the FY 2023 State Budget, the Governor introduced and successfully secured a new $25 billion, five-year, comprehensive housing plan that will increase housing supply by creating or preserving 100,000 affordable homes across New York including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes.  The El Borinquen Residence consists of a single ten-story building with 148 apartments. The colorful streetside façade along Third Avenue was designed to pay tribute to the neighborhood’s Puerto Rican heritage.  90 apartments are reserved for formerly homeless adults and youth or young adults ageing out of foster care. These residents have access to rental subsidies and on-site services funded through the Empire State Supportive Housing Initiative.  Supportive services include individual case management, mental health referrals, job readiness training and financial literacy workshops. Comunilife is the service provider, as well as the project’s developer.   In addition to the supportive units, 29 apartments are reserved for residents aged 62 and older with incomes at or below 30 percent of the Area Median Income. The remaining apartments are for households earning at or below 60 percent of the AMI.  Residential amenities include a community space for events, bike room, landscaped area on the ground floor, and a rooftop garden. The development is located within a mixed-use residential and commercial area with access to local amenities and within ten blocks of four subway lines.   State financing for the El Borinquen Residence includes $7.7 million in permanent tax-exempt bonds, Federal Low-Income Housing Tax Credits that generated $23.2 million in equity and $14.3 million in subsidy from New York State Homes and Community Renewal. The New York City Department of Housing Preservation and Development provided $14.2 million through the Supportive Housing Loan Program.   In the last five years, New York State Homes and Community Renewal has invested more than $1 billion to create or preserve nearly 7,500 affordable apartments in multifamily buildings in the Bronx.   New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said “The $62 million El Borinquen Residence is a concrete investment in a stronger, healthier, and more equitable Bronx for the future. Thanks to our development partner, Comunilife, 148 households now have a safe and stable home with access to the care they need to achieve their goals and improve their health outcomes. Under Governor Hochul’s housing plan, New York will continue building more supportive housing opportunities like this one to fight homelessness, expand community services and keep the Bronx moving forward.”     New York City Housing Preservation and Development Commissioner Adolfo Carrión Jr. said, “We are thrilled to welcome 148 individuals and households to their new homes at El Borinquen Residence. Developed with the community in mind, El Borinquen will provide life-changing services and security to vulnerable New Yorkers. From young adults aging out of foster care to extremely low-income seniors, every new resident here will have the support they need thanks to our partners at Comunilife and our colleagues at the State.”  New York City Department of Social Services Commissioner Gary P. Jenkins said, “Through the provision of state-of-the-art affordable housing and supportive services to vulnerable New Yorkers, the El Borinquen Residence will deliver the stability, comfort, and security that New Yorkers in need deserve. We are committed to connecting New Yorkers in need to high-quality housing opportunities, and projects like this are essential to our efforts to do so. We are immensely grateful to our partners in City and State government, as well as all others who worked so hard to make this development a reality. We look forward to building on these efforts to make New York City more equitable and affordable for all residents.”  State Senator Luis Sepúlveda said, “I welcome El Borinquén to our great Bronx family. Every time we are able to witness the completion of more housing in our district, it fills me with hope and joy. With this we add 148 apartments, and they will become homes for our people. I make the reference to home, because a place to live is not the same as a dignified, humane and safe place that becomes a home. With a $62 million investment, the help of public officials and private enterprise and the convention of improving the lives of our people, today El Borinquén is a reality. This name is very special to me because it speaks of my land and the land of my parents, Puerto Rico. Welcome to your new home “Borinqueños”.  Assemblymember Chantel Jackson said, “I am very happy to learn that New York State Homes and Community Renewal has completed the construction of the El Borinquen Residence, a new affordable housing complex in Morrisania. This new residence was uniquely designed to meet the needs of the local community it will serve – it features affordable housing units, special resources reserved for transient individuals, and on-site residential amenities. Its completion brings us closer to a future in which, in the Bronx, housing is not a privilege, but a right held by every member of the community.”  Bronx Borough President Vanessa L. Gibson said, “While New York City is experiencing a housing crisis, we are grateful for this day when we can welcome Comunilife’s El Borinquen Residence, a building that will provide 148 supportive and affordable apartments for people with special needs.  Not only are wrap-around social services available on-site, but tenants can also expect 24-hour security, a computer lounge, outdoor patios and gardens and other amazing amenities for our residents and families. I would like to thank President and CEO of Comunilife, Rosa M. Gil, and all the community partners for their vision and advocacy that has brought us to this day.”  City Councilmember Althea Stevens said, “I am beyond excited for the introduction of El Borinquen to Morrisania. This amazing investment is vital in the progression of the quality of life in our community. With its unique approach to fully integrate arts and culture while providing equitable mental health services will be an amazing asset for our community members.” Dr. Rosa M. Gil, Comunilife President and CEO, said, “This building is a crown jewel for integrating the arts into supportive housing development.  It is filled with joy, color, vitality, and inspiration. These are all essential components for healing and people transforming their life.  At Comunilife, we are thrilled to enter this new era of supportive housing design and development where quality of life is informed and impacted by the peace, inspiration and sensibility that art, beauty and culture can create.  Cultural sensibility has been at the core of every initiative we have ever done, but a project of this massive scale, brings it to a whole new level.”  The post Governor Hochul and Mayor Adams Announce Completion of $62 Million Affordable Housing Development in the Bronx appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyOct 23rd, 2022

Enphase (ENPH), EKD Ink Deal to Expand Supply in Germany

Enphase (ENPH) joins forces with Energiekonzepte Deutschland GmbH (EKD) for distributing its IQ Batteries in Germany's solar market Enphase Energy, Inc. ENPH recently teamed up with Germany-based solar service provider Energiekonzepte Deutschland GmbH (EKD) to distribute its IQ Batteries in the nation. This highlights yet another effort on Enphase’s part to steadily expand its partnership network in Europe, following last month’s expanded distribution partnership with BayWa r.e.Enphase’s Expansion in GermanyThe solar market in Germany has been rapidly expanding lately. As stated in a report by Bloomberg, this June, the nation’s output reached 36,848 megawatts according to data from the European Energy Exchange AG, which surpassed the previous record of 36,303MW as of Apr 27, 2021. Germany added about 5.3 gigawatts of solar power capacity in 2021, 10% more than the year before, according to the solar industry association.Surely such a booming solar market has set the stage for solar companies like Enphase to reap the benefits of this expanding market space by enhancing its distribution network. The latest partnership with EKD is a bright example of that. The fact that EKD has more than 70 partners in its network and 1,600 sales consultants across Germany should significantly boost the distribution of Enphase’s products in the nation.Prior to this announcement, the company revealed its plans to acquire Munich-based GreenCom Networks, a provider of Internet of Things (IoT) software solutions for customers to connect and manage a wide range of distributed energy devices within the home. Surely such efforts, including the latest one with EKD, should ramp up Enphase’s business in Germany, thereby boosting its revenues.Europe’s Solar Market BoomWith the entire world moving toward a carbon-free environment, Europe’s solar market is poised to grow significantly. Per a report from Solar Power Europe, the European Union may witness growth of 18%-20% during the 2022-2025 period.The expanding market size of Europe’s solar market indicates sizable opportunities for ENPH and other solar players. Solar majors that have already carved out a position in Europe’s solar market are Canadian Solar CSIQ, ReneSola SOL and SolarEdge Technologies SEDG.In March 2022, Canadian Solar became the largest solar developer in Italy based on contracted volumes after it signed two 10-year power purchase agreements with Axpo Italia for the purchase of 70% of the energy produced by two solar power plants under development, totaling 84 megawatt-peak.The Zacks Consensus Estimate for Canadian Solar’s 2022 sales suggests growth of 46% from the prior-year reported figure. CSIQ boasts a four-quarter earnings surprise of 127.73%.ReneSola enjoys a strong presence in Europe, with a leading market share in Poland and Hungary. The company signed a strategic partnership agreement with Emeren, a London, U.K.-based project developer specializing in the development of renewable energy power plants in Europe and other international markets. Both companies aim to develop projects in a broad range of sizes across Italy, with a target of reaching 110 MW shovel-ready projects by 2022.The Zacks Consensus Estimate for ReneSola’s 2022 earnings suggests growth of 34.2% from the prior-year reported figure.SolarEdge has a strong footprint in 14 European countries, including the Netherlands, Italy, Poland, Spain, Switzerland and the United Kingdom. Considering SolarEdge’s current portfolio and new products, which the company plans to release in the coming quarters, the company may continue to witness strong growth momentum in Europe, buoyed by elevated electricity prices in Europe and a supportive government.SolarEdge boasts a long-term earnings growth rate of 29.1%. The Zacks Consensus Estimate for SEDG’s 2022 sales implies growth of 17.7% from the prior-year reported figure.Price MovementIn the past year, shares of Enphase Energy have rallied 52% against the industry’s decline of 13.4%.Image Source: Zacks Investment ResearchZacks RankEnphase Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in?  If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.>>Send me my free report on the top 5 EV stocksWant 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 Renesola Ltd. (SOL): Free Stock Analysis Report Canadian Solar Inc. (CSIQ): Free Stock Analysis Report Enphase Energy, Inc. (ENPH): Free Stock Analysis Report SolarEdge Technologies, Inc. (SEDG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 11th, 2022

Futures, Euro, Oil All Jump As Dollar Tumbles

Futures, Euro, Oil All Jump As Dollar Tumbles US equity futures, European stocks, and pretty much all risk assets rose on Friday morning as the dollar finally stumbled, dropping by the most in a month to the lowest level in Septemember, after hitting an all time high just two days earlier. S&P 500 and Nasdaq 100 futures gained more than 0.8% at 730am ET. Europe’s Stoxx 600 Index jumped as miners rallied on optimism over Chinese demand, while banks surged following the European Central Bank’s record rate hike. That’s even as BofA said an “appalling” mood fueled a $11 billion US stock exodus in the week to Sept. 7. The yen headed for its best day in a month as Japanese officials and BOJ governor Kuroda gave the strongest hint yet at possible direct market intervention as a response to weakness in the currency. Oil and cryptos jumped. In premarket trading, DocuSign jumped 17% in premarket trading, after the e- signature company reported second-quarter results that beat expectations and raised its full-year billings forecast. Digital Media Solutions soared 73% in premarket trading after receiving a non-binding “go private” proposal from Prism Data for $2.50/share in cash, representing ~95% premium to last close. Other notable premarket movers: Zscaler (ZS US) was up 13% in premarket trading, after the security software company reported fourth-quarter results that beat expectations and gave an outlook that is seen as strong. Digital World Acquisition (DWAC US), the blank-check firm merging with Trump Media & Technology Group, rises 7.1% premarket, on course for a third day of gains. The shares have had a volatile week, falling 11% on Tuesday, amid uncertainty over a vote to extend the deadline to complete the Trump deal. Marathon Digital (MARA US) and Riot Blockchain (RIOT US) lead cryptocurrency-exposed stocks higher in premarket trading as Bitcoin rises the most in more than a month, breaching the closely watched $20,000 level. MARA +10%, RIOT +8%. RH (RH US) was little-changed in postmarket trading. Analysts were torn on the luxury home furnishings retailer’s results, noting that while the company beat expectations, it lowered its full-year forecast. Global stocks are on course for their first weekly advance in four, a small measure of respite from the bear-market omens circling markets due to monetary tightening, energy woes and China’s growth slowdown. “The market has been extraordinarily focused on the actions of the ECB and Fed as they try to bring inflation under control,” said Sebastien Galy, senior macro strategist at Nordea Asset Management. “Eventually this will change and the investment horizon will lengthen considerably. For now though, the market has good reasons not to. Inflation saps consumer confidence and overtightening could send the European and US economies into a recession.” Speaking at a conference, Powell said “we need to act now, forthrightly, strongly as we have been doing” and added that “my colleagues and I are strongly committed to this project and will keep at it.” In contrast with the buoyant mood in equity markets Friday, Bank of America Corp. strategists flagged that investors are rushing out of US stocks as the likelihood of an economic downturn increases amid a myriad of risks. US stock funds posted outflows of $10.9 billion in the week to Sept. 7, according to EPFR Global data cited by the bank, with the biggest exodus in 11 weeks led by technology stocks. In Europe, nat gas prices eased as the region’s energy ministers gathered for a summit to draw up plans to fix an unprecedented crisis that threatens to undermine the broader economy. Expect the news to be a major letdown unless somehow Brussels figured out how to print commodities. The euro touched the highest level in three weeks after the ECB raised rates 75 basis points Thursday. Bets the Federal Reserve will hike by the same margin when it meets later this month increased after chair Jerome Powell reiterated the Fed is determined to curb price pressures. Elsewhere in Europe, stocks rallied as all sectors trade in the green. Euro Stoxx 50 climbs 1.9%. Miners, banks and autos are the strongest-performing sectors. European miners soared, significantly outperforming the Stoxx Europe 600, as iron-ore and base-metals prices rose on improving sentiment surrounding the Chinese market. Here are some of the biggest European movers today: Deutsche Telekom shares gain as much as 3.1% after its unit T-Mobile US embarks on a buyback program of as much as $14b of shares, which Goldman Sachs sees as a positive catalyst for the telecom group Zealand Pharma shares rise as much as 8.7% after Morgan Stanley initiated coverage with overweight rating on near-term catalysts and the biotech’s rich pipeline Synlab shares rise as much as 7% after Berenberg initiated coverage at buy, saying the shares should benefit as investors start to focus on the potential for the diagnostics firm’s core business Rubis climbs as much as 8.9%, the most intraday since March, after the French oil and gas distributor reported a jumped in 1H profit helped by growth in its Caribbean operations TI Fluid Systems shares rise as much as 7.6% after Jefferies upgraded them to buy, saying concerns on the auto parts maker’s outlook are now sufficiently priced in Gear4Music shares plummet as much as 23% after the online retailer said summer trading was hit by the cost-of-living crisis and unusually hot weather. Peel Hunt sees a challenging winter ahead Computacenter shares fall as much as 12%, with analysts saying the IT services firm missed profit estimates in 1H amid continued supply constraints and tough comparisons Immobel shares drop as much as 5.1% after KBC downgraded the real estate developer to accumulate from buy and reduced the PT to a Street-low Melrose shares drop as much as 6.1% in a second day of declines after the company said it will spin off two units. Analysts said the change in strategy raises questions. Earlier in the session, Asian equities advanced, poised to wipe out a weekly loss, as China’s consumer inflation came in lower than expected and the dollar rally showed signs of easing. The MSCI Asia Pacific Index advanced as much as 1.7%, with a materials sub-gauge set for its best day since March --climbing almost 3% -- amid a rally in metals due to supply concerns. Stock gauges in Hong Kong led gains in the region as developer stocks climbed on speculation of more easing of home-purchase restrictions. Mainland Chinese shares had their best day in almost a month as August data showed an unexpected moderation in prices, giving the country’s central bank room to stay accommodative. Markets in South Korea and Taiwan were closed for holidays. A dollar gauge edged lower, helping to lift sentiment, as comments from Federal Reserve Chair Jerome Powell that hardened expectations of another jumbo rate hike appeared to have been largely priced in.  Asian equities fell to a May 2020 low earlier this week as the dollar’s strength put pressure on capital flows amid rising inflation. Meanwhile, China’s continued lockdowns have weighed on supply chains and investor sentiment, and the country is stepping up defenses ahead of a key Communist Party meeting with further restrictions on internal travel. “Growth, inflation and yields have been driving the markets since the beginning of the year and there is still no consensus,” Sanford C. Bernstein strategists including Rupal Agarwal wrote in a note. A global slowdown or recession has historically worked in favor of defensive styles such as high quality, high yield and low volatility in Asia, they added. Japanese equities advanced, driven by gains in telecoms and service providers, after a rally in US peers overnight and as the yen gained against the dollar. The Topix rose 0.4% to close 1,965.53, while the Nikkei advanced 0.5% to 28,214.75. Volumes were above the 30-day averages after special quotation settlement for futures and options. The yen strengthened as much as 1.1% against the greenback in afternoon trading. Nippon Telegraph & Telephone Corp. contributed the most to the Topix gain, increasing 0.7%. Out of 2,169 shares in the index, 1,354 rose and 684 fell, while 131 were unchanged Australian stocks advanced, boosted by banks and miners. The S&P/ASX 200 index increased 0.7% to close at 6,894.20, making a weekly gain of 1%, as banks and mining shares rose. Mineral Resources led lithium shares higher after responding to a media report that the company is considering a spinoff of its lithium mining and processing operations arm, as well as a possible US listing. In New Zealand, the S&P/NZX 50 index rose 0.7% to 11,757.77. In FX, the Bloomberg Dollar Spot Index fell to its lowest level this month as the greenback weakened against all of its G10 peers, while the pound, euro, yen and yuan all rallied against the greenback. Risk-sensitive currencies advanced most, led by Norway’s krone which rose by as much as 2%. The euro rallied by as much as 1.1% to trade around $1.01 for the first time since mid-August. Italian bonds tumbled, snapping the BTP-bund spread wider as money markets cranked up ECB hike bets after Bloomberg reported policy makers are prepared to tighten another 75bps next month, according to people familiar with the debate. The yen rebounded as traders mulled comments from Bank of Japan Governor Haruhiko Kuroda on the currency’s decline amid a broad dollar selloff. The dollar-yen pair fell 1.3% to around the 142.20 level, after climbing for four straight sessions. Kuroda held a meeting with Prime Minister Fumio Kishida in a sign of the nation’s heightened alert levels. The Australian dollar surged the most in a month as the greenback weakens and a rally in equities boosts risk-sensitive currencies In rates, US Treasuries trimmed their retreat, with the policy-sensitive two-year yield still near the highest since 2007. Treasury futures push higher over early US session as S&P 500 futures advance, taking yields richer by up to 7bp across intermediates which lead the rally. The Advance followed wider bull-flattening move seen across UK curve as gilts pare a portion of Thursday’s losses.  10-year TSY yields were around 3.26%, richer by 6bp on the day although lagging gilts where yields drop as much as 9bp out to 10s; in Treasuries, intermediate-led gains richen 2s7s30s fly by 5bp. Bunds 10-year yield is down 1.5bps to 1.73%. Peripheral spreads widen to Germany with 10y BTP/Bund adding 2.2bps to 227.3bps. Oil futures traded at session high, jumping 1.5% to below $85; gold jumped ~$18 to $1,727. Most base metals trade in the green; LME nickel rises 4.4%, outperforming peers. Bitcoin extended gains, rising 6.7% just shy of the $20,000-level, rising the most in more than a month. Looking to To the day ahead now, and EU energy ministers will be meeting in Brussels to discuss emergency measures to deal with high energy prices. Otherwise, data releases include French industrial production for July and Canada’s employment report for August. Finally, central bank speakers includes ECB President Lagarde, and the Fed’s Evans, Waller and George. Market Snapshot S&P 500 futures up 0.8% to 4,035.75 STOXX Europe 600 up 1.4% to 419.91 MXAP up 1.6% to 154.48 MXAPJ up 1.6% to 506.33 Nikkei up 0.5% to 28,214.75 Topix up 0.4% to 1,965.53 Hang Seng Index up 2.7% to 19,362.25 Shanghai Composite up 0.8% to 3,262.05 Sensex up 0.2% to 59,834.09 Australia S&P/ASX 200 up 0.7% to 6,894.18 Kospi up 0.3% to 2,384.28 German 10Y yield little changed at 1.75% Euro up 1.0% to $1.0100 Gold spot up 1.2% to $1,728.41 U.S. Dollar Index down 1.12% to 108.47 Top Overnight News from Bloomberg The EU is throwing together a series of radical plans to tame runaway energy prices and keep the lights on across the continent, but governments across the region are going to need to find common ground and fast The ECB will continue raising interest rates until it reaches its inflation goal, according to Governing Council Member Klaas Knot. Governing Council Member Bostjan Vasle said the ECB will continue the strong normalization of monetary policy with more interest-rate hikes, while Peter Kazimir said euro-zone inflation is “unacceptably high” and sees more hikes in the near future to get inflation under control. Bank of France Governor Francois Villeroy de Galhau said the ECB must be “orderly and determined” with rate increases after hiking by a record 75 basis points Japanese officials sound increasingly alarmed over the yen’s weakness, and while intervention is not imminent, the market takes notice. The pair’s volatility skew turns bearish the dollar this week at the front-end yet topside trades better bid further out; this suggests that traders see risk of a yen rebound, but unilateral intervention won’t have a lasting effect as long as monetary policy divergence between the Fed and the BOJ remains in place A more detailed look at global markets courtesy of Newsquawk Asia-Pac stocks followed suit to the gains on Wall St although the upside was capped after recent global central bank activity including a 75bps rate hike by the ECB and Fed Chair Powell's hawkish reiterations. ASX 200 was led by the mining-related sectors although advances were limited by weakness in defensives. Nikkei 225 extended on gains above the 28k level but with upside capped amid currency-related jawboning. Hang Seng and Shanghai Comp were also lifted with property and tech stocks spearheading the outperformance in Hong Kong owing to supportive policy-related headlines, while the mainland was somewhat contained in comparison after softer-than-expected inflation data from China and ahead of the long weekend with markets shut on Monday for the Mid-Autumn Festival. Top Asian News US is considering an order to screen US investment in tech in China and elsewhere, according to WSJ. US Treasury Secretary Yellen said President Biden continues to consider tariff relief on Chinese imports and wants to make sure the decision is good for Americans, while she added that it is important to take a tough stance on China due to its economic practices and national security threat, according to Reuters. US reportedly relaxed Huawei curbs to counter China's push on tech standards with the Commerce Department issuing a new rule to permit sharing of certain 'low-level' technologies and software, according to SCMP. BoJ Governor Kuroda said he met with PM Kishida to explain domestic and overseas economic developments and markets, but noted there was no specific request from PM Kishida on the economy or markets. Kuroda said hediscussed FX moves with Kishida and noted that rapid FX moves are undesirable and heighten uncertainty, as well as make it difficult for companies to do business, according to Reuters. Japanese Finance Minister Suzuki said they are to tap JPY 3.5tln in budget reserves to speedily deliver measures against the negative impact of price hikes, while he added that sharp FX moves are undesirable and won't rule out any options on FX, according to Reuters. Japanese Chief Cabinet Secretary Matsuno said he is concerned about abrupt FX moves and noted that speculation is a factor behind recent moves, while he added that the strong USD is affecting other currencies, not just the JPY, according to Reuters. Matsuno said watching FX carefully, ready to take necessary steps if current FX moves continue, without ruling out options; recent JPY moves show excessive volatility European bourses trade firmer across the board following constructive leads from APAC and Wall Street, with the softer-than-expected Chinese inflation data overnight also lifting spirits. European sectors are in the green but portray a clear anti-defensive bias – Utilities, Healthcare, Food & Beverages, Media, and Personal Care reside at the bottom of the bunch. Stateside, US equity futures are also higher across the board, with the tech-laden NQ leading the charge Top European News ECB's Kazimir said discussion on what levels of rate the ECB aims to reach is premature; priority is to continue fiercely with normalisation of monetary policy, via Reuters. ECB's Knot said ECB has sent a forceful signal with rate rise; sees big risks of second-round effects, via Bloomberg. ECB's Villeroy said half of the current inflation is not linked to energy or agricultural prices; says inflation should be brought back to around 2% by 2024; earlier we act the easier it is to achieve results, via Reuters. Villeroy added that neutral can be estimated in the Euro Area at below or close to 2% according to him, should not speculate on the size of the next rate move - "we did not create a jumbo habit". ECB is said to be ramping up scrutiny of banks' readiness for a gas halt by Russia, according to Bloomberg sources. FX DXY suffers from a large fall amid risk appetite, ECB sources yesterday and Japanese verbal intervention, with the index back around 108.50 from a 109.54 peak. The EUR is probing 1.0100 from a sub-0.9900 midweek trough and pulling away from decent option expiry interest below. The AUD stands as the outperformer amid renewed risk appetite and the revival of base metals. Fixed Income UK Gilts have rebounded to extend well beyond prior session peaks to almost 106.00 Bunds are back around par within extended 143.82-142.46 extremes US Treasuries are near the top of a 116-07+/115-22 range. Commodities WTI and Brent front-month futures have been climbing since the start of the APAC session as a function of the declining Dollar and overall risk appetite in the market. Spot gold is firmer as the DXY losses further ground, with the yellow metal topping yesterday’s high as it eyes its 50 DMA at USD 1,744.12/oz. Base metals are bolstered by the softer Chinese inflation metrics – which also lowers the chances of further state intervention. Indian food secretary said rice production could drop due to droughts; output could drop by 7-8mln tonnes, via Reuters Black Sea grain deal is being fulfilled badly, according to the Russian Foreign Ministry, its extension will depend on implementation, via Ria. US Event Calendar 10:00: July Wholesale Trade Sales MoM, est. 0.8%, prior 1.8% 10:00: July Wholesale Inventories MoM, est. 0.8%, prior 0.8% 12:00: 2Q US Household Change in Net Wor, prior -$544b Central Banks 10:00: Fed’s Evans Discusses Careers in Economics 12:00: Fed’s Waller Discusses Economic Outlook 12:00: Fed’s George Discusses the Economic Outlook DB's Jim Reid concludes the overnight wrap Markets struggled for direction yesterday as it dawned on investors that central banks still aren’t ready to slow down their rate hikes just yet. First, we had the ECB who hiked by 75bps for the first time in their history and signalled that further hikes were still to come. Then we had a Bloomberg report suggesting that ECB officials were prepared to move by the same amount again in October. And finally in the US, Fed Chair Powell delivered remarks that cemented expectations that the Fed are set to hike by 75bps for a third consecutive meeting this month. That combination of hawkish developments meant that sovereign bonds struggled on both sides of the Atlantic, with a fresh surge in real yields that left the 5yr real Treasury yield at a post-2019 high of 0.95%. Looking at the ECB decision in more detail, the Governing Council decided to take their main rates up by 75bps as expected by the consensus, leaving the deposit rate at 0.75% and the main refinancing rate at 1.25%. A number of details also tilted in a hawkish direction, including their statement that they expected “to raise interest rates further to dampen demand and guard against the risk of a persistent upward shift in inflation expectations.” We even got some detail from Lagarde on what they meant when they said there’d be “several” future hikes, which was that it meant “probably more than two, including this one, but it’s also probably also going to be less than five.” Furthermore, they upgraded their inflation forecasts yet again, now seeing 2023 inflation +5.5% (vs. +3.5% in June), and 2024 inflation at +2.3% (vs. +2.1% in June), so still above their +2.0% target even in a couple of years. They also significantly downgraded growth in 2023, now expecting +0.9% (vs. +2.1% in June), and said that they expected the economy “to stagnate later in the year and in the first quarter of 2023.” Here at DB, our own European economists have now shifted their view for the next meting in October, and now expect another 75bps hike. They write that the guidance from President Lagarde that rates are “far away” from appropriate levels for getting inflation back to target underscores the ECB’s insensitivity to the growth headwinds and their focus on bringing inflation down. They maintain their 2.5% terminal rate forecast for the deposit rate, but the timing for that has moved forward to March 2023, with that 75bp hike in October being followed by a 50bp move in December, and then 25bp moves in February and March. You can see their full reaction note here. European sovereign bonds sold off following the decision, with yields on 10yr bunds (+13.8bps), OATs (+11.0bps) and BTPs (+10.8bps) all moving higher. That also followed an announcement that they were temporarily removing the 0% interest rate ceiling on the remuneration of government deposits, which they said would “prevent an abrupt outflow of deposits into the market”. Instead, the ceiling will be at the lower of either the Eurosystem’s deposit facility rate or the euro short-term rate, with the measure intended to remain in effect until 30 April 2023. Later, we then heard in a Bloomberg article that ECB officials were prepared to move by 75bps again in October, with the report further saying that Chief Economist Lane’s presentation “struck a much more hawkish tone than his latest speech”. All in all, investors took away a very hawkish message, with the rate priced in by the December meeting rising +21.2bps on the day to its highest level to date. Today, attention will remain on Europe since we have the much-awaited meeting of EU energy ministers in Brussels. They’ll be discussing emergency measures to help with high energy prices, and we’re expecting a press conference at 14:30 Brussels time. We’ll have to see what happens, but the tone among policymakers has remained incredibly downbeat, with Belgian Prime Minister De Croo warning that “A few weeks like this and the European economy will just go into a full stop”. In the meantime, natural gas futures recovered +3.40% yesterday, which still leaves them at €221 per megawatt-hour, or more than quadruple their levels from a year ago. For those after more info on the situation, our research colleagues in Frankfurt published their latest gas supply monitor yesterday as well, where they update their scenarios for how fast German gas storages will be depleted, assuming zero gas flows from Russia to Germany. Their model shows that even with a 20% year-on-year reduction in total gas consumption, that would largely deplete the country’s gas storage by the end of the heating season. They also preview what to expect from today’s meeting (link here). Otherwise yesterday, there were mounting expectations that the Fed would hike by 75bps again at their meeting on September 21, which would mark the third consecutive hike of that magnitude. That followed a further set of remarks from Fed Chair Powell, in which he stuck to his resolute tone on beating inflation, saying that “We need to act now, forthrightly, strong as we have been doing”. The FOMC are entering their blackout period tomorrow, so today is the last day ahead of the meeting we’ll hear from any of them, but Chicago Fed President Evans also said that they “could very well do 75 in September”. Fed funds futures responded accordingly, with +71.6bps worth of hikes now priced in for that meeting, and the rate priced in for December went up +4.3bps to 3.82%, which is the most hawkish market pricing to date. The effects of the Fed’s hikes are being increasingly seen in the real economy, and yesterday we got data from Freddie Mac showing that the average 30-year mortgage rate hit a post-2008 high of 5.89%. However, there was a further round of decent data on the labour market, as the weekly initial jobless claims for the week ending September 3 fell to 2322k (vs. 235k expected). That’s their 4th consecutive weekly fall and brings them to their lowest level since May, so it’s becoming harder and harder to dismiss the better-than-expected data as just a blip. There have been some other tailwinds recently too, and daily data from the American Automobile Association is now showing that gasoline prices are down by just over a quarter from their peak in June, having fallen from $5.02/gallon back then to $3.75/gallon on Wednesday. When it came to Treasuries, the hawkish rhetoric and more robust economic data helped yields rise further yesterday, with the 10yr yield up +5.4bps to 3.32%, although there’s been a partial pullback in Asia this morning, with yields down -2.3bps. The rise was driven by higher real yields, with those at shorter maturities hitting their highest levels since before the Covid-19 pandemic. For equities however, the day was marked by significant swings between gains and losses, before the S&P 500 eventually ended the day up +0.66%. It was a similar story in Europe too, where the STOXX 600 eventually ended the day up +0.50%. Looking forward, US stock futures are pointing to further gains today and contracts on the S&P 500 (+0.38%) and the NASDAQ 100 (+0.59%) have both risen. Here in the UK, Prime Minister Truss outlined the government’s plan on consumer energy bills, with a new Energy Price Guarantee that will mean a typical UK household only pays up to an average of £2,500 a year on energy. This applies to all households, and once you take into account the existing £400 discount this winter, it means that average costs over the coming year will be roughly around where the current energy price cap stands, rather than going up to a new cap of £3,549 as had been previously planned. Against that backdrop, we also saw 10yr gilt yields (+11.3bps) rise to a new post-2011 high yesterday, although yesterday’s move was broadly in line with what we saw elsewhere in Europe following the ECB decision. Overnight in Asia, equities are advancing this morning as they follow up the rise on Wall Street yesterday. The Hang Seng (+2.24%) is leading gains followed by the CSI (+1.26%), the Shanghai Composite (+0.84%) and the Nikkei (+0.55%). Elsewhere, markets in South Korea are closed for a holiday. Risk appetite was supported by Chinese inflation data that showed a slowing in the rate of both consumer and producer price growth, which offers the authorities more space to support the economy without sparking further inflation. Consumer prices were up by +2.5% in August (vs. +2.8% expected), while producer prices were up +2.3% (vs. +3.2% expected), and both readings were down on the previous month. Finally, the Japanese Yen has strengthened for the first time this week after BoJ Governor Kuroda commented that “The rapid weakening of the yen is undesirable”, gaining +0.94% against the US Dollar. To the day ahead now, and EU energy ministers will be meeting in Brussels to discuss emergency measures to deal with high energy prices. Otherwise, data releases include French industrial production for July and Canada’s employment report for August. Finally, central bank speakers includes ECB President Lagarde, and the Fed’s Evans, Waller and George. Tyler Durden Fri, 09/09/2022 - 07:56.....»»

Category: blogSource: zerohedgeSep 9th, 2022

58 affordable gifts for her that are all under $50, from a wearable blanket to a perfume subscription

Here are 58 cheap gifts for her to give your partner, family member, or friend. These gift ideas include tech gadgets, kitchen accessories, and books. When you buy through our links, Insider may earn an affiliate commission. Learn more.Uncommon Goods; OtherlandGift giving can be stress-inducing, especially when you're looking for something that'll excite and delight. Many often believe that the bigger the price tag, the more worthy the gift, but that isn't always the case! We've done the digging for you and have found unique, one-of-a-kind items perfect for every personality.Whether it's a girl friend, girlfriend, new flame, or twin flame, we have you covered. From specialty yoga guides to unique vintage botanical aprons, here are some options for affordable gifts under $50 for that special someone.The 58 best affordable gifts for her under $50:A self-care gift setLushRelax Gift Set, available at Lush, $45Best for: The woman who needs a night offPamper her with this Lush gift set filled with body scrubs, soaps, moisturizers, and more. She will appreciate the beautiful, reusable gift box and all the goodies inside.  A comfy wearable blanketAmazonWaitu Wearable Blanket, available at Amazon, from $29.99Best for: The coziness loverThe sherpa lining will keep her toasty no matter what she's doing around the house. Don't know her size? That's not a problem with this oversized wearable blanket.    A personalized video message from her favorite celebrityCameoPersonalized video message, starting at $1, available at CameoBest for: The pop culture fanaticCameo has tons of famous people she might want a personalized video message from. There's something for almost everyone on Cameo, with prices as low as $1. You can choose a category, like reality TV or athletes, and filter by price and how long it takes to get a response. Read more about Cameo and how to use Cameo.A customized essential oil setAmazonLagunamoon Essential Oils Gift Set, available at Amazon, $9.98Best for: The soothing fragrance fanShow her how much you know her by gifting her a custom essential oil set. Whether these are scents you know she'll love or specific oils for stress relief or sleep, she'll appreciate this thoughtful gift. A floral-themed apronGetty Museum StoreHerbarium Apron, available at The Getty, $26.95Best for: The chef who grows her own herbsIf she has a green thumb and/or is the captain of the kitchen, this apron is perfect. Featuring vintage botanical illustrations with handwritten names of the flora and fauna pictured, this apron also has a conveniently large front pocket and adjustable straps. Plus, the navy fabric is perfect for use in the garden or in the kitchen, capable of disguising the various splatters encountered in both areas.A custom map of their favorite place(s)Jada Wong/Business InsiderCustom Maps, available at Grafomaps, from $19Best for: The nostalgist A custom map of their hometown, college town, or favorite getaway is sure to brighten up the room (and make them tear up).A bath caddy for "me" time, complete with a tablet holderRoyal Craft Wood/AmazonRoyal Craft Wood Luxury Bathtub Caddy Tray, available at Amazon, $22.97Best for: The bathtime readerSometimes a bath is all anyone really wants, and what better than a tray to accommodate everything she could possibly need to enter full relaxation mode?A monogrammed palm-leaf clutchMark & GrahamPalm-Leaf Clutch, monogrammed (or personalized), available at Mark and Graham, from $49Best for: The one on the goBuying accessories, especially something like a bag or purse, can be tricky, but an understated piece like this, with the added touch of a monogram, has a place in most wardrobes.A huggable, heatable, and chillable plushWarmiesSheep Warmies Wrap, available at Warmies, $29.99Best for: The one with a soft spot for stuffed animalsGive the gift of adorable warmth. Designed as a neck wrap but perfect for laying across your stomach (hello cramps), these Warmies are capable of being heated in the microwave or chilled in the freezer for hours of comfort. Stuffed with dried French lavender, the scent also helps in calming and soothing, adding an extra oomph to her new cuddle buddy.A bottle of fine olive oilPasolivoClassic Extra Virgin Olive Oil, available at Pasolivo, $47.95Best for: The EVOO enthusiast There may be no more versatile gift for the home cook than a bottle of good olive oil. Whatever they're into cooking or prepping, this bottle'll go to good use.A pair of ultra-thick bison-wool socksUnited By BlueUltimate Bison Socks, available at United by Blue, $44Best for: The one who likes practical giftsIf these don't help get her through the winter, nothing will. Made with a blend of wool, down, nylon, and spandex, they're the perfect combination of warmth and stretch.A cute, heart-shaped plantThe SillHoya Heart, available at The Sill, $48Best for: The aspiring plant parentFor plant newbies, there's nothing better than to start with tiny, low-maintenance plants. Marked by the brand as a great option for plant parenting beginners, this heart-shaped cutie will be delivered straight to her doorstep. Read our full review of The Sill here.The at-home blowout toolAmazonRevlon One-Step Hair Dryer & Volumizer Hot Air Brush, available at Amazon, $32.49Best for: The one who spends a fortune on blowoutsThis all-in-one hairdryer from Revlon garnered a large following online. It rivals luxury hair tools at a fraction of the price and is a gamechanger for cutting down on time and heat damage to your hair without sacrificing your look. Read our full review of the Revlon One-Step Hair Dryer and Volumizer Hot Air Brush here.A DIY birth month flower kitUncommon GoodsBirth Month Flower Grow Kit, available at Uncommon Goods, $36Best for: The gardenerFor a twist on the traditional bouquet, give her this flower kit that's an easy and fun project. She'll appreciate the personal touch of choosing her birth month flower, whether it be a sunflower, daisy, or marigold.A guide to the best outdoor yogaREI"The Outdoor Adventurer's Guide to Yoga: Practices for Strong and Balanced Hiking, Climbing, Paddling, and Cycling" by Jana Kilgore, available at Amazon and REI, from $19.52Best for: The adventurous yogiWhen we're in the great outdoors, we want to BE in the great outdoors. No tech, no stress, just pure joy. This guide is the ideal companion to enjoy a tech-free yoga sesh before, during, and after any great outdoor adventures. Filled with 88 poses with instructive photos, tips, and detailed descriptions as well as 21 specific flows and postures all designed to cover core yoga concepts in relation to outdoor sports, this guide is perfect for the yogi in your life.A simple yet sweet braceletCatbirdCatbird Two Souls Bracelet in Baby Blue, available at Catbird, $24Best for: The sentimental oneThere's nothing quite like pearls, and this simple but elegant bracelet has a couple nestled together.A versatile Echo DotAmazonAn Echo Dot (4th generation), available at Amazon, $34.99Best for: The tech newbieMaybe she needs something better than her phone or her laptop to play music. This isn't exactly a booming sound system by any means, but it will more than suffice.A customizable photo bookMixbookPhoto Book, available at Mixbook, from $19.99Best for: The photographerGet a little sentimental by commemorating their life highlights with this custom photo book, which we ranked as the most user-friendly photo book service.A letter subscription service for the history buffUncommon GoodsHistory by Mail 6-Month Subscription, available at Uncommon Goods, from $40Best for: The history buffOnce a month for six months, this mail subscription service will send detailed replicas of historical documents, like Albert Einstein's correspondence with FDR. A team of archivists digs up fascinating historical documents, and graphic designers replicate them — handwriting, signatures, and all. An all-purpose tote with a detachable wristletNordstromStreet Level Reversible Faux Leather Tote and Wristlet, available at Nordstrom, $49Best for: The practical purse wearerA plain tote may seem like a boring gift, but this one is reversible and features a detachable wristlet. You're getting three different bags for $50. It's a utilitarian gift with a fashion-friendly twist.A workout tee for all seasonsUnder ArmourWomen's UA Tech Twist V-Neck, available at Under Armour, $19.98Best for: The athleteThis bestselling workout shirt from Under Armour will keep them moving with four-way stretch construction and quick-drying, sweat-wicking fabric. Its looser fit makes it comfortable, and it comes in 15 colors.A reusable tote bag for errandsBagguStandard Baggu, available at Baggu, from $14Best for: The trendsetterThis tote is a convenient and sturdy way to store whatever she needs while she's out on the town or running errands.A box of chocolate bars from MadagascarThe Little MarketChocolate Flight, available at The Little Market, $5 per barBest for: The chocolate loverThe chocolate connoisseur in your life will savor this gift box of four dark chocolate bars from Madagascar. She can indulge in flavors like Salted Almond, 80% Dark, Toasted Coconut, and Sea Salt, but you can also opt out of specific flavors to fit her taste preferences.A puzzle that commemorates a special dateUncommon GoodsNew York Times Custom Front Page Puzzle, available at Uncommon Goods, from $55Best for: The journalistCelebrate her special day — birthday, anniversary, or milestone — with this interactive memento. Enter any date since 1851 and find the New York Times front page printed from that exact date.A painting kit for beginnersUncommon GoodsBirth Month Flower Paint-by-Number Kit, available at Uncommon Goods, $30Best for: The artistIf she's artistic — or strives to be — she'll appreciate this painting kit that anyone can follow with ease. Creating her work of art will take up to three hours, but she'll end up with a frame-worthy masterpiece.A coffee and tea bundleBean BoxA coffee and tea tasting box, available at Bean Box, from $19Best for: The caffeine loverFor your favorite fan of both morning beverages, Bean Box offers a gift box with four coffees and four teas.A Kindle case that looks like her favorite bookAmazonKleverCase Kindle Paperwhite Case, available at Amazon, from $29.95Best for: The one who customizes everythingYou'll find many classic book covers cleverly printed onto Kindle cases, along with one that looks like an unmarked leather-bound book. All she has to do is pop it on her e-reader.An exceptionally useful set of silicone container lidsFood52Airtight Silicone Lids (Set of 5), available at Food52, $24Best for: The stressed cookIf she enjoys cooking, chances are she's probably spent a good amount of time trying to find the right container and lid for her leftovers. These silicone lids are a snap. All you have to do is pop one over a bowl or baking dish, and you get an airtight seal for easy storage in the fridge.A cold brew makerAmazonTakeya Patented Deluxe Cold Brew Iced Coffee Maker, available at Amazon, $27.99Best for: The every-day coffee brewerCaffeine lovers who can't get enough of their favorite drink tend to spend a lot of money at coffee shops to get their fix. Make it easier for her to drink cold brew at home with this simple-to-use brewing pitcher.Read our full review of the Takeya Patented Deluxe Cold Brew Ice Coffee Maker here.Wine-inspired bath soapsUncommon GoodsWine Soaps (Set of 4), available at Uncommon Goods, $30Best for: The one who loves a nice bath soapThis all-natural vegan soap mimics red and white wines with its oils and scents, offering a unique way to wind down after a long day. The set includes chardonnay, cabernet, pinot noir, and pinot grigio.An Alexa-enabled smart plugAmazonAlexa-Enabled Smart Plug, available at Amazon, $24.99Best for: The techieThis voice-controlled smart plug allows her to control lights, chargers, and whatever else she wants through Alexa. She can also use the Alexa app to turn the outlets on and off if she doesn't have an Echo.An inexpensive accessory for her phoneAmazonPopSockets, available at Amazon, from $9.97Best for: The one always dropping her phonePopSocket Grips are an inexpensive but extremely useful gift she'll be happy to have. She can stick them on the back of her phone, Kindle, iPad, or any other device to create a comfortable grip that allows her to hold her device one-handed.A perfume subscriptionScentbirdPerfume 3-Month Subscription, available at Scentbird $48Best for: The fresh scent enthusiastIf she loves to switch up her scents, Scentbird is an affordable service that lets her choose a month's supply of perfume from thousands of well-known and new fragrances. With a three-month subscription, she can try something new or stick to the ones she knows and loves.A monthly book subscriptionBook of the Month ClubBook of the Month Subscription, available at Book of the Month, from $49.99Best for: The avid readerEach month, this service curates five book choices — some of them early release — and she'll choose her favorite. The service will send the book directly to her. She can also skip a month if she's behind on her reading.A portable charger that also lights up the bottom of her bagThe GrommetSmart Handbag Light and Charger, available at Uncommon Goods, $35.95Best for: The one with the dying phoneNo more frantically searching for gum or lip balm at the bottom of her giant tote bag — this little light can be attached to her keychain or even a zipper on her bag so she can easily see everything in its depths. It can also charge her phone.A monthly subscription to handpicked rental jewelry piecesRocksboxJewelry Subscription Box, available at Rocksbox, $21 per monthBest for: The noncommital accessorizerIt's hard to gift jewelry she'll love, so give her options. This monthly subscription box offers three pieces of jewelry for rent, according to her style. From a choker necklace to statement earrings, the choices are vast. The monthly membership allows her to wear and swap sets whenever she likes, with the option to buy them for an additional price.An adjustable rolling pinAmazonJoseph Joseph Adjustable Rolling Pin, available at Amazon, from $24.99Best for: The bakerAnyone who loves to bake will appreciate this adjustable rolling pin that allows for more precision with dough thickness. All she'll have to do is remove or add the different-sized rings and let them guide her.A letter board where she can leave notes or fun messagesAmazonFelt Like Sharing Felt Letter Board, available at Amazon, from $20.95Best for: The InstagrammerSporting events, holidays, parties — there are a ton of occasions during which these come in handy. She'll also love being able to play around with it day to day at home with her favorite lyrics, phrases, or even messages to roommates.A wine saver for open bottlesAmazonVacu Vin Wine Saver, available at Amazon, $16.30Best for: The one who barely finishes a glassSometimes you just can't finish the bottle of wine. That's when the Vacu Vin comes in. It's a simple, small gadget that removes the oxygen from your open bottle and gives it an airtight seal to preserve freshness and prevent oxidation.A trendy candle she's probably already got her eyes onOtherlandCandles, available at Otherland, $36Best for: The candle collectorAn Otherland candle makes for one of the best gifts you can give for any occasion. They come beautifully packaged, and they feature scents that are complex and rich.Read our full review of Otherland candles here.A way for her to share and pass down memories and traditionsUncommon GoodsMy Life Story So Far, available at Uncommon Goods, $32Best for: The enigmaThis book is like a guided journal for her to record her memories, accomplishments, and experiences. No matter her age, it's something she'll undoubtedly enjoy keeping track of and sharing with others.A natural body scrubHerbivore BotanicalsCoco Rose Exfoliating Body Scrub, available at Sephora, $38Best for: The one who loves a lux body scrub Pamper her with this coconut-and-rose-infused body scrub that gently exfoliates. It'll leave her skin feeling soft and moisturized – not to mention she'll smell wonderful wherever she goes. You can read more about this product in our guide to the best body scrubs. A comfy neck pillow for trains and planesAmazonTrtl Neck Pillow, available at Amazon, $44.99Best for: The constant travelerIf she goes on a lot of trips (or has travel anxiety), the gift of comfort is one she'll appreciate.Read our full review of the Trtl Neck Pillow here.A smart way for her to stay organized while travelingUncommon GoodsTravel Cord Roll, available at Uncommon Goods, $20Best for: The heavy packerFrequent travelers need a way to keep all their cords and cables organized. This leather roll-up organizer has eight slots for cords and headphones, plus a pouch where your charger base can fit.A clever way to collect accomplishments and hopesUncommon GoodsBirthstone Wishing Balls, available at Uncommon Goods, $35Best for: The goal-setterThese lovely, handblown glass balls have a small hole at the base. Your giftee writes a wish or achievement on one of the 52 included slips of paper. A year later, she'll have a display piece full of meaning.A guide full of inspiration for her future adventuresAnthropologie"The Bucket List" by Kath Stathers, available at Amazon, $20.99Best for: The adventurer This worldwide bucket list won't cure her wanderlust, but it'll definitely provide her inspiration and fodder for planning her travels.A tinted lip balm with sun protectionNordstromFresh Sugar Tinted Lip Treatment, available at Nordstrom, $24Best for: The lipstick loverIf her beauty preferences tend to be more natural, she likely loves a good tinted lip balm. Fresh makes some of the best — the color options are universally flattering, and the formula is smooth, hydrating, and buttery. We've even named this the best option with SPF in our guide to the best tinted lip balms.An armband that holds her phone on runs or at the gymAmazonTRIBE Water-Resistant Arm Band, available at Amazon, $14.98Best for: The joggerIf she loves to run or spends a lot of time at the gym, this top-rated armband will be a lifesaver. Just make sure you know what model phone she carries, as the sizing may differ.A makeup and skincare subscriptionBirchbox3-Month Gift Subscription, availble at Birchbox, $45Best for: The makeup collectorBirchbox is a skincare and makeup subscription that sends tons of beauty samples to test out and play around with. If she loves any of them, she can easily buy the full-sized version through the service. You can opt to give a longer subscription if you'd like. Read our full review of Birchbox here.A dainty pair of hoopsMaison MiruShooting Star Open Hoop Earrings, available at Maison Miru, $50Best for: The minimalistSo many people on the Insider Reviews team have a pair of these open hoops. Their horseshoe shape is just different enough to set them apart, while tiny, twinkly cubic zirconias catch the light to add a bit of sparkle.A beautiful puzzlePiecework PuzzlesPower Lunch Puzzle, available at Piecework Puzzles, $13.30Best for: The puzzlerThis puzzle features a stunning photo that she'll want to hang up when she's done.A portable external batteryAmazonPowerCore 10,000mAh External Battery, available at Amazon, $25.99Best for: The one who likes to think aheadA good external battery is one of those practical gifts she probably needs but won't buy herself. Treat her to a good one that holds enough juice to charge her iPhone three times or her Galaxy twice.A cozy throw blanket to keep her warmL.L.BeanWicked Plush Throw, available at L.L.Bean, from $29.95Best for: The couch cuddlerThis blanket has been a fan favorite for a while, which is why L.L.Bean carries this new and improved version. The brand made the blanket even softer with 100% polyester that's been brushed on both sides. It's so soft she'll want to be wrapped in it at all times, which is why we've also included it in our guide to the best throw blankets.An interactive cooking classSur La TableOnline Cooking Classes, available at Sur La Table, from $29 per householdBest for: The budding chefWith Sur La Table's virtual cooking classes, she can follow along with expert chefs live from the comfort of her kitchen. These hands-on 90- to 120-minute classes cover everything from seasonal dishes to cocktails and desserts.An elegant bottle holderPottery BarnWood Marble Wine Cooler, available at Crate & Barrel, $31.96Best for: The dinner hostThis elegant marble-wood bottle holder keeps her favorite wine cool for hours on end. When she isn't staging it next to a charcuterie board, the holder is just a bouquet away from doubling as a vase. A simple knitting kit for beginnersWe Are KnittersBraille Beanie Knitting Kit, available at We Are Knitters, $30.80Best for: The DIYerWhether she's new to knitting or a long-time pro, this crafty beanie kit has everything she needs — from the yarn, to the needles and, of course, the instructions.A customizable box of candy for adultsSugarfinaCustom Four-Piece Candy Bento Box, available at Sugarfina, $38Best for: The one with the sweettoothSatisfy her sweet tooth with a custom box of candy. Sugarfina's candies are distinctly "adult" — but she'll still feel like a kid when she digs into a box of rosé gummies.A handcrafted set of minimalist coastersWest ElmThe Vintage Vogue Linea Coasters (Set of 4), available at West Elm, $29Best for: The meticulous home decoratorA clever way to keep her home clean and stylish is with these minimalist, chic coasters. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderAug 31st, 2022

79 thoughtful gift ideas under $100

From a personalized photo book to a sunrise alarm clock, here are 79 gift ideas under $100 for every type of person on your gift list. When you buy through our links, Insider may earn an affiliate commission. Learn more.MoMA Store/Artifact UprisingThere's no greater feeling than knowing you gave someone a gift they truly love. If you're the kind of person who counts gift-giving as their love language, you know that it's pretty easy to go over your budget in your quest to find the perfect gift. With a $100 budget, you can find great gifts that cater to their interests, fulfill a need, or offer them something new to try. No matter the occasion, we're confident that these gifts are sure to impress. From the latest and greatest kitchen gadgets to luxury beauty products, we've rounded up over 79 gift ideas you can snag for $100 or less. We also have guides for gifts under $25 and gifts under $50. If you're not shopping by budget, we also have gift guides that cover many price points and interests. Shop the 79 best under-$100 gift ideas below:A succulent to spruce up their spaceLula's GardenBliss Garden, available at Lula's Garden, $30Best for: The plant parentA small succulent is a perfect way to brighten up their desk, bookshelf, or windowsill. We love this one from Lula's Garden because it's wrapped in a ready-to-gift box. Plus, when you buy one, you support water.org, an organization that helps people all over the world get access to safe, clean water. A mini fireplaceFood52Personal Concrete Fireplace, available at Food52, $98Best for: The fireplace fanKeep them warm and entertained this summer with this small personal fireplace, which is safe for use indoors and for cooking fun treats like s'mores. A sunrise alarm clockAmazonPhilips SmartSleep Sunrise Alarm Clock, available at Amazon, $79.95Best for: The aspirational early birdSunrise alarm clocks can help turn typically groggy wake-ups into a softer, more calm way to get out of bed, and the SmartSleep from Philips is one of our favorites. Aside from its calming alarms and beautiful sunrise effect, it also doesn't require the use of an app. A creative Keith Haring-inspired chess setMoMa Design StoreKeith Haring Colorful Chess Set, available at MoMA Design Store, $55Best for: The artsy gamerThe Keith Haring Colorful Chess Set doubles as a fun leisure activity and stunning display piece. The chess pieces are inspired by Haring's favorite artworks, from the barking dog to his trademark figures.A glamorous nail kitOlive and JuneThe Mani System Box, available at Olive and June, $85Best for: The DIY nail artistFrom shimmery to matte polish options, gift them this game-changing nail kit. It includes six different shades you can pick yourself, a topcoat, nail polish remover, nail tools, and even a latte mug.An e-book reader that stores thousands of booksAmazonKindle, available at Amazon, $89.99Best for: The traveling bookwormA Kindle brings them an easier reading experience, especially when traveling. The Kindle has 8 GB of storage, weeks of battery life, and a vast selection of books to enjoy leisurely wherever, whenever. An artistic watchMoMA Design StoreSwatch x MoMa watch, available at Moma Design Store, from $80Best for: The art enthusiastWhat better way to show off their love of art than a watch inspired by famous paintings? Swatch collaborated with New York's Museum of Modern Art to create these unique watches that resemble artworks from MoMa's collection.A travel photo albumArtifacts UprisingHardcover Travel Photo Book, available at Artifact Uprising, from $72Best for: The vacation photographerThis customizable photo book takes them back to every travel adventure so they'll never forget it. Whether it's a week trip or an extended stay, the travel photo album captures every excursion with charming designs on up to 210 pages.A fresh flower bouquetUrbanStemsFlower bouquets, available at UrbanStems, from $32Best for: Any fan of flowersIf you don't know what to gift, flowers are always appreciated. A beautiful bouquet delivered right to them is the kindest way to say congrats and show you're thinking of them.The perfect pillow for side sleepersCasperOriginal Casper Pillow, available at Casper, $65Best for: The restless side sleeperThe Original Casper Pillow will help your favorite side sleeper align their neck with their spine while sleeping. We named this pillow the best for side sleepers in our guide to the best pillows. You can customize the pillow even more by choosing its size and height.A gift card from BookshopCrystal Cox/InsiderGift card, available at Bookshop, from $10Best for: The bookstore browserBookshop allows readers to support small bookstores online. The retailer sells gift cards that your recipient will be able to use to shop online from their favorite indie bookstore. The gift cards never expire and can be bought in increments from $10 to $1000.An at-home pottery kitSculpdPottery Kit, available at Sculpd, $65Best for: The crafterThis pottery kit offers a unique activity to do with your loved ones. Each kit comes with enough supplies for two people, with add-on supplies also available for purchase so that more can participate. It also includes a step-by-step instructional booklet.A set of cocktail mixers that taste like summerWilliams SonomaCasamigos Cocktail Gift Set, available at Williams Sonoma, $56.95Best for: The cocktail connoisseurCo-founded by actor George Clooney, Casamigos is a favorite brand of many tequila lovers. The company's newest addition is a cocktail gift set of uniquely flavored mixers and rimmers. The mixers are exclusively available at Williams Sonoma and include blackberry basil and citrus flavors.A gift card from Hello FreshHello FreshGift card, available at Hello Fresh, from $75Best for: The exhausted home cookThe best gifts are for items or services your recipient wouldn't think to purchase for themselves. A gift card from Hello Fresh checks all of these boxes, as it offers a welcome reprieve from grocery shopping and meal planning. Choose from four amounts based on your recipient's household size and needs. We also wrote a full guide to Hello Fresh that includes a breakdown of its special features, how to get started with an account, and more.A bag made for hosting mini picnicsAmazonPicnic at Ascot Insulated Wine and Cheese Cooler Bag, available at Amazon, $49Best for: The picnicker Our pick for the best picnic basket for carrying bottles, this insulated bag is a great gift for those who want to have a small picnic complete with their favorite drinks and small snacks.A set of sustainable coastersJoanna BuchananRuffle Edge Straw Coasters, available at Joanna Buchanan, $48Best for: The meticulous table setterAdd a pop of color to their indoor and outdoor eating spaces with these colorful straw coasters. The coasters come in a set of four, are handwoven in the Philippines, and are made of sustainable materials.A savory seasoning starter packMomofukuPantry Starter Pack, available at Momofuku, $60Best for: The spice rack re-stockerSpice up their pantry with this flavorful seasoning set. The starter pack includes spicy seasoned salts, restaurant-grade soy and tamari sauces, and chili crunch. Momofuku's site also includes several recipes to make using the ingredients from the set.A pair of cozy slippersZapposUGG Scuffette II Slippers, available at Zappos, $94.95Best for: The comfort appreciator Help them keep their feet warm while working from home with these fuzzy slippers. These high-quality slippers are made of suede and have a sheepskin collar, making them a very useful gift that your recipient may not think to purchase for themselves.A wine gift setAmazonIvation Wine Lovers Set with Opener and Preserver, available at Amazon, $49.98Best for: The wine appreciator Help elevate your recipient's wine experience by gifting this wine lover's set. The included wine preserver is a great gift for those that live alone or like to take their time with their wines. The sleek charging base and modern design make this a gift your recipient will be proud to display on their kitchen counter.A device that turns plain water into a sparkling beverageAmazonSodaStream Sparkling Water Maker, available at Amazon, $89.99Best for: The fizzy water fanA SodaStream is an amazing gift for anyone who's a fan of fizzy beverages. With this gadget, they can make sparkling water in seconds and add flavors if they want to spice things up.A sturdy walletAmazonBellroy Slim Sleeve Leather Wallet, available at Bellroy, $79Best for: The fan of practical giftsReplace their tired and tattered wallet with this slim leather billfold from Insider Reviews' favorite wallet brand Bellroy. It's made with ethically sourced leather that will age wonderfully and last many years.A sleek fitness tracker that includes heart rate monitoringFitbitFitbit Inspire 2, available at Best Buy, $69.95Best for: The avid athleteFitbit's affordable Inspire 2 tracker has no shortage of useful features to keep them informed about their physical activity. The heart rate monitor lets them be more strategic about their workouts by tracking calorie burn, resting heart rate, and heart rate zones.A hair towel that cuts drying time in halfAmazonAquis Original Microfiber Hair Turban, available at Amazon, $20.49Best for: The one who takes hair care seriouslyAquis' cult-favorite hair towels have inspired a slew of rave reviews online, including one from our own team of product reviewers. The towels are made from a proprietary fabric called Aquitex that's composed of ultra-fine fibers (finer than silk) that work to reduce the amount of friction the hair experiences while in its weakest state. A memorable date night optionEatwith/InstagramGift card, available at Eatwith, from $30Best for: The adventurous dinerEatwith offers cool dining experiences that bring together delicious menus, professional chefs, and interesting guests. Typically held in person, in major cities like New York, Paris, and London, Eatwith is now offering online classes you can take from anywhere that bring unique cooking experiences right into your kitchen. In addition to experiences led by professional chefs from around the world, Eatwith has recently added classes taught by MasterChef contestants.A pair of comfortable wool shoesAllbirdsWool Runners, available at Allbirds, $110Best for: The constant walkerWhile Allbirds has hinted that it's on track to become more than just a shoe brand, we'll always be partial to its original sneakers made from merino wool. We've been wearing and loving the comfortable style for more than two years, and you can't go wrong gifting a pair of these shoes. Coffee from a different country, delivered every monthAtlas Coffee Club/Instagram3-Month Gift Subscription, available at Atlas Coffee Club, $55Best for: The coffee loverIt's a worldwide coffee tour without the expense of airplane tickets. Atlas Coffee Club delivers single-origin coffee and always includes a postcard from the country, brewing tips, and flavor notes with each month's shipment. A small skincare tool that removes 99.5% of dirt, oil, and makeup residueAmazonForeo Luna Facial Cleansing Brush, available at Amazon, $66.52Best for: The skincare enthusiastOur team swears by these gentle yet effective cleaning brushes. They have hygienic silicone bristles and come in five different models for different skin types. The Luna is small enough to bring on the go, so your recipient can maintain their skincare routine no matter where they are.A digital photo frameAmazonNIX 8-Inch USB Digital Photo Frame, available at Amazon, $69.99Best for: The modern nostalgistPro-tip: Include a USB stick of your favorite photo memories together with this gift. The high-tech photo frame will shuffle through and display crisp photos and videos, and it can also be mounted on a wall. If you can stretch your budget, the more popular WiFi version is the same idea but more convenient to use because it works right from your phone's gallery. An easy-to-use trimmerPhilips NorelcoPhilips Norelco OneBlade Face + Body Trimmer, available at Amazon, $47.75Best for: The person who prefers a close shaveWhat separates the Philips Norelco OneBlade from other trimmers and shavers is the unique blade. It uses a fast-moving OneBlade cutter with a protection system on both sides of the blade to prevent knicks. The base of the blade will contour to his face, allowing for a comfortable shave or trim without irritation — and it works for wet or dry shaving.A convenient wireless charging padAmazonAnker PowerWave Wireless Charging Pad, available on Amazon, $13.99Best for: The one who's always low on phone batteryA wireless charger is a great gift for anyone with a glass-backed smartphone that supports the feature. Our reviewer called this one "the perfect wireless charging pad." It charges quickly, looks nice, and can even accommodate thick phone cases.Membership to a popular nationwide book clubBook of the Month6-Month Subscription, available at Book of the Month, $99.99Best for: The avid readerIf they prefer the incomparable feel of a hardcover book, set them up with a Book of the Month membership. It offers five curated titles, mainly from up-and-coming authors, to choose from every month. A solution to their back painBest BuyUpright Go 2 Posture Trainer, available at Best Buy, $79.99Best for: The person working on their postureThis gift is for anyone who is always complaining about their back pain or poor posture. Upright Go is an innovative and discreet device that sticks to the top of their back and helps them improve their posture, day by day. A fan-favorite cookbook with original illustrationsAmazon"Salt, Fat, Acid, Heat" by Samin Nosrat, available at Amazon, $16.65Best for: The experimental cookThis is the perfect cookbook for those just getting into cooking. Chef and New York Times columnist Samin Nosrat outlines the foundations of cooking and presents it in a fun, engaging way alongside original illustrations. Their favorite specialty meals, no matter where they areGoldbellyMeal kits, available at Goldbelly, from $25Best for: The foodieGoldbelly makes it possible to satisfy their most specific and nostalgic cravings no matter where they live in the US — a cheesecake from Junior's, deep dish pizza from Lou Malnati, and more. Browse the iconic gifts section for inspiration.A stylish accessory with a hidden chargerMark & GrahamPower Up Lightning to USB Tassel Keychain, available at Mark & Graham, from $49Best for: The sleek utilitarian The leather keychain is as functional as it is attractive: it has an iPhone lightning input and USB stick so they can charge their phone in their bag. Some colors include free monogramming while others have a $10 monogram fee. A cold brew coffee makerAmazonTakeya Cold Brew Maker, available at Amazon, $27.99Best for: The daily cold brew consumerHelp your favorite coffee-lover stay caffeinated with this easy-to-use cold brew coffee maker. All they need to do is fill the filter with coffee, add water to the carafe, give it all a shake, and pop it in the fridge. In 12 hours, they will have a delicious cold brew that will have them reconsidering their daily trips to their favorite coffee shop.A reusable bag featuring a fun printBagguStandard Baggu, available at Baggu, $14Best for: The sustainable shopperThere are plenty of reusable nylon shopping bag options out there, but where Baggu really stands out from the crowd is its variety of quirky and colorful prints. These useful bags are the perfect gift for everyone in your life.A fun and educational online cooking classCozymeal/InstagramGift card, available at Cozymeal, from $50Best for: The aspirational chefGifting experiences is on the rise. With a Cozymeal class, they'll learn how to make anything from fresh pasta to beautiful charcuterie boards. In addition to cooking classes, Cozymeal offers online mixology classes and virtual wine tastings.A set of trackers for the absent-mindedAmazonTile Pro (2-Pack), available at Amazon, $47.99Best for: The person always losing their keysWhen they can't find their phone, all they have to do is click their Tile button to make their phone ring, even if it's on silent. An electric toothbrush they won't want to hide awayGobyMoonstone Electric Toothbrush, available at Goby, $95Best for: The dental-care obsessedIn addition to its sleek design, the Goby Toothbrush stands out for its soft brush head, normal and sensitive brushing speeds, and convenient USB charging shell. Ready-to-prepare meals that save them timeDaily HarvestThe 9-Item Gift Card, available at Daily Harvest, $75Best for: The healthy eaterYour recipient will be able to fill a box with smoothies (including protein smoothies for gym rats), harvest bowls, soup, and more meals that are ready to take on the go. Daily Harvest's healthy offerings are perfect for the busy, wellness-minded people in your life. A case that sanitizes dirty phonesPhone SoapPhoneSoap 3 Smartphone Sanitizer, available at PhoneSoap, $79.95Best for: The neat freakMost of us carry our phones with us everywhere — and we mean, everywhere. PhoneSoap kills 99.9% of common household germs, including bacteria that lead to E.Coli, Salmonella, Staph, the flu, and the common cold. Especially with the pandemic, your recipient will love knowing that their phone is squeaky clean. A pretty leather wrap for taking chargers and cables on the goMark & GrahamLeather Charger Roll Up, available on Mark & Graham, from $24.99Best for: The efficient packerMark & Graham's Leather Charger Roll Up is made from soft, supple leather and has three separate pockets to stash cables and chargers on the go. Get it monogrammed for free.A delicious and unique hot sauceTruff/InstagramTruff White Truffle Hot Sauce, available at Amazon, $26.99Best for: The hot sauce collectorThis hot sauce is infused with white truffle, packing a sweet heat you'll want to add to burritos, pizza, wings, or any other dish you want to make a little more interesting. Extremely comfortable, flattering lounge pantsMeUndiesLounge Pants, available at MeUndies, $68Best for: The serious loungerThese are some of the best lounge pants we've ever tried. If they're spending more time in casual wear, they'll spend an inordinate amount of time in these. We also appreciate that the silky MicroModal and sleek cut make them perfectly acceptable for wearing in public to grab the mail.A bike horn that can honk as loud as a carPriority BicyclesPriority High Power Horn, available at Priority Bicycles, $29.99Best for: The bike commuterBorn out of a research project between Priority Bicycles and Toyota, this bike horn can get as loud as the one in a car. This is an excellent safety accessory for bikers.A silky hand creamLa Mer/InstagramLa Mer Hand Treatment, available at Nordstrom, $90Best for: The fan of smooth handsOf all La Mer's premium skincare products, the Hand Treatment is a brand favorite. This creamy formula is the perfect texture to help heal dry hands.The internet's favorite olive oilBrightland/InstagramAwake Olive Oil, available at Brightland, $37Best for: The quality EVOO enthusiastBrightland's olive oils make great gifts for cooks and anyone who loves to entertain. The white bottles protect the EVOO from light damage and look nice displayed on a countertop. Premium distilled whiskeyUncle Nearest WhiskeyUncle Nearest Whiskey, available at ReserveBar, from $56Best for: The old-fashioned fanFounded in Tennessee, Uncle Nearest is an award-winning, Black-owned whiskey brand that was inspired by the first known African-American master distiller, Nathan "Nearest" Green. If you're shopping for someone who enjoys a quality glass of whiskey or a whiskey-based cocktail every now and then, a bottle of Uncle Nearest won't disappoint.A sleek knife blockMaterial KitchenThe Stand, available at Material Kitchen, $90Best for: The practical chefWe're big fans of Material Kitchen's minimalist approach to kitchen essentials — like this magnetic, angled knife block made from heavy-duty wood. A simple but luxurious body washNecessaireNecessaire The Body Wash, available at Sephora, $25Best for: The person who appreciates a good showerNew startup Necessaire formulates its body care products with vitamins A, B3, C, E, and omega-6 and omega-9. The subtly scented Body Wash will leave their skin feeling clean, soft, and nourished. A high-quality leather band for an Apple WatchAmazonBullstrap Full-Grain Italian Leather Watch Band, available at Amazon, $95Best for: The stylish watch wearerBullstrap's Italian Leather Watch Bands are the perfect way to add some elegance to an Apple Watch. They come in several colors of leather and are compatible with all generations of the Apple Watch.A pair of sparkly hoopsMejuriSapphire Hoops, available at Mejuri, $58Best for: The lover of subtle jewelryTraditional hoops get an embellishment of white sapphire in this affordable piece from Mejuri. Premium underwear that's worth every pennyTommy JohnMen's Second Skin Boxer Brief 3-Pack, available at Tommy John, $97Best for: The person who'd appreciate good underwearIt's not an exaggeration to say Tommy John could be the most comfortable boxers your recipient has ever worn. The Second Skin, in particular, is a standout — smooth, soft, stretchy, and breathable. A cool drink accessory worth celebratingBrumate12oz Insulated Champagne Flute, available at BrüMate, from $24.99Best for: The beachside celebratorBrumate's insulated flute prevents the disappointment of bubbly that has gone warm and flat. It holds almost half a bottle of champagne and comes in 30 pretty colors.  A whimsical candle from a new brandOtherland/Instagram3-Candle Set, available at Otherland, $89Best for: The fancy candle fanAs our candle-loving editor points out, "Does the world really need another fancy candle brand?" Otherland's candles are so creative and interesting that you won't be able to resist gifting at least a few. A gold bracelet that displays their zodiac signAurateZodiac Bracelet, available at Aurate, $90Best for: The chic astrology enthusiastThe delicate gold vermeil bracelet is a piece they'll want to wear every day. Aurate's beautiful gold jewelry is not only more affordable than traditional fine jewelry, but it's also ethically sourced, representing a new wave of jewelry brands to know about. A mini duffel crossbody with a distinctive lookDagne DoverExtra Small Landon Carryall, available at Dagne Dover, $110Best for: The one who's always on the goDagne Dover excels at making functional and versatile bags like work totes and this extra small version of its popular neoprene duffel. Inside, they'll find a compartment just large enough for the day's essentials, pockets to keep them organized, and a detachable key leash. A streaming stick that gives them access to more than 500,000 movies and TV episodesAmazonRoku Streaming Stick +, available at Amazon, $48.25Best for: The TV fanaticRoku's Streaming Stick+ is exceptional for its 4K, HDR, and HD streaming, and long-range wireless receiver. Installing it is an easy process and starts by plugging the stick into the TV. Sweet treats they won't be able to stop eatingMilk BarThe Chocolatey Classic, available at Milk Bar, $89Best for: The chocolate loverInstead of the usual box of chocolates, gift some of the best-known and most delicious treats from Milk Bar. The set contains 12 soft and chewy cake truffles and an adorable mini birthday cake. A box that lets them explore the exciting world of sakeTippsySake Gift Box, available at Tippsy, $59Best for: The sake drinkerWhile online wine clubs abound, Tippsy is quietly cultivating a community of sake lovers. It offers an abundance of knowledge and premium sake options to anyone who's interested in exploring this underrated alcohol further.  A compact and lightweight hand mixerAmazonKitchenaid 5-Speed Ultra Power Hand Mixer, available at Target, $54.99Best for: The bakerNot all baking tasks require a full stand mixer. KitchenAid's hand mixer doesn't take up a lot of space but gets a variety of jobs done by offering five-speed options. You'll also have fun picking out a unique color for your recipient. A game that tests their penchant for punsAmazonPun Intended Game, available at Amazon, $24.99Best for: The game night hostIt's a battle of who can devise the most clever puns in this family-friendly card game that requires a quick mind and even quicker writing skills. Game on. A custom map of a special locationGrafomapCustom Map Poster, available at Grafomap, from $19Best for: The one who always mentions their favorite city Grafomap is the site where you can commemorate important places, be it their hometown, college town, or the city where you two met. The custom design function is easy to use and you can choose to get the final map poster framed or printed on canvas. A waterproof outdoor speakerAmazonUltimate Ears Wonderboom Speaker, available at Amazon, from $93.97Best for: The outdoor entertainerThe surprisingly powerful speaker fits in the palm of their hand and can go swimming with them in the pool or ocean. It's also dustproof and therefore suitable for hikes and other outdoor adventures. A sleep mask made with high-quality mulberry silkNordstromSlip Pure Silk Sleep Mask, available at Nordstrom, $50Best for: The person who takes sleep seriouslyFew things are more luxurious than sleeping with a silk mask. Thanks to its all silk construction, your recipient's face will feel cool all night long. A plush bathrobeParachuteClassic Bathrobe, available at Parachute, $109Best for: The fan of pure comfortIt's all too tempting to stay wrapped up in this Turkish cotton bathrobe long after they've stepped out of the shower. The thick robe is our pick for the best bathrobe you can buy. A chai samplerAmazonVadham Chai Tea Reserve Set, available at Amazon, $29.99Best for: The tea drinkerThis set of loose-leaf teas made it into Oprah's Favorite Things back in 2018. It's filled with three variations of chai that any tea lover will appreciate. A cult-favorite fragranceLe Labo/InstagramLe Labo AnOther 13 Eau de Parfum, available at Nordstrom, from $215Best for: The daily perfume userLe Labo is famous for its distinctive packaging and subtle yet inviting scents. The AnOther is musky and woodsy, but it's balanced out with ingredients like jasmine petals. The outdoor game you see everyone playing at the parkAmazonSpikeball Game Set, available at Dick's Sporting Goods, $69.99Best for: The bored beach-goerIt's a gorgeous day out and you can't help but notice a few groups having fun while playing some kind of new ball game. Chances are it's Spikeball, the volleyball-esque game that your recipient can set up in any large outdoor space. It takes just 10 minutes to learn the rules. A pair of blue light-blocking glasses that look good enough to wear outside of the houseMVMTIngram Crystal Everscroll Glasses, available at MVMT, $78Best for: The one who works in front of a screen all dayHelp them protect their eyes from harsh screens with a pair of blue-light-blocking glasses. Their eyes won't feel as strained, and they might be able to drift off to sleep more quickly. A set of monogrammed hand towelsWeeziePiped Edge Washcloths (Set of 2), available at Weezie, $36Best for: The monogram loverThe extra time and thought put into a personalized gift are worth it. You can add custom embroidery (+$15 per towel) to Weezie's fluffy and absorbent towels. A flavorful seasoning collectionArtifact UprisingThe Grill & Roast Collection, available at Spicewalla, $19.99Best for: The backyard grillerA set of tasty seasonings is key to making delicious foods, especially during BBQ season. They can use the spices in this collection to add flavor to meats, seafood, vegetables, and even rice.The coziest moccasins we've ever wornL.L.BeanWomen's Wicked Good Moccasins, available at L.L.Bean, $89Best for: The winter cabin weekenderCan you practically feel the soft fluffiness of these slippers through your screen? L.L.Bean supposedly sells a pair of these cushioned sheepskin shoes every seven seconds during December, proving that they are worth the purchase.An everyday stainless steel frying pan that professional cooks loveMade InFrying Pan, available at Made In, $79Best for: The one who is constantly cookingPros like Tom Colicchio trust Made In's cookware to perform in some of the country's top kitchens, so rest assured it's good enough for your recipient. The quickly growing startup is behind a couple of our favorite pieces of cookware. A gorgeous coffee table book that helps cure their travel bugAmazon"1,000 Places to See Before You Die (Deluxe Edition): The World as You've Never Seen It Before" by Patricia Schultz, available at Barnes & Noble, $50.99Best for: The aspirational travelerPatricia Schultz's original "1,000 Places" captured imaginations with its compelling curation of experiences all over the world. The newly released deluxe edition features a beautiful gold-embellished cover and more than 1,000 new photographs. A fun, cult-favorite board gameAmazonSettlers of Catan Board Game, available at Walmart, $47.49Best for: The committed gamerThe Settlers of Catan relies upon strategy and sometimes luck to build civilizations — and it can last for hours. A beautiful piece of handmade drinkwareJFR GlassAntique Silver Glass, available at JFR Glass, $45Best for: The fan of truly unique giftsEach hand-blown glass from JFR Glass is unique. The glasses aren't just pretty — they're also functional and sturdy. They're also dishwasher-safe and UV-resistant, so your recipient can enjoy the pieces forever. An interactive state park mapUncommonGoodsState Parks Explorer Map, available at UncommonGoods, $28Best for: The hikerThis state park map is sure to come in handy whenever they venture into the outdoors. Choose from 10 maps that each list over 30 parks in states such as New York, California, and Connecticut. The map includes a sheet of gold stickers so they can mark their progress after each park visit.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderAug 23rd, 2022

24 beautifully written books that"ll make you cry, from YA classics to bestselling Colleen Hoover novels

The best books can make you feel empathy for people and situations you otherwise wouldn't be exposed to. Here are the best sad fictional novels. When you buy through our links, Insider may earn an affiliate commission. Learn more.The best sad fictional books can make you feel empathy for people and situations you otherwise wouldn't be exposed to.Amazon; Rachel Mendelson/Insider Great novels can thrill us, make us laugh, and bring us to tears. Sometimes it feels good to read an emotional novel that makes you want to cry. From historical fiction to YA romance, these are our favorite sad books. When looking for your next great read, it's easy to gravitate towards romance novels with happy endings or fantasy books with satisfying conclusions. But just as horror fans love a creepy-crawly feeling and sci-fi readers crave the chaos of a good dystopia, it can feel good to experience the raw emotions of a devastating story that makes you want to cry. We scoured reader and personal recommendations for the best sad books and found everything from YA classics to gripping new releases. Whether you're looking for a heartbreaking romance or a novel that's equal parts thrilling and tear-jerking, here are the best sad books to make you cry.The 24 best sad books to read in 2022 :"Reminders of Him" by Colleen HooverAmazon"Reminders of Him" by Colleen Hoover, available on Amazon and Bookshop, from $9.57Colleen Hoover is known for evoking powerful emotions with bestsellers such as "It Ends With Us" and "Verity." Her newest novel, "Reminders of Him," continues that trend. When Kenna Rowan returns from her prison sentence to reunite with her daughter, it seems as though everyone is determined to keep them apart, except the local bar owner who has both a link to her child and a growing connection with Kenna. Readers love this book's heart-wrenching, sob-worthy ending. "A Woman Is No Man" by Etaf RumAmazon"A Woman Is No Man" by Etaf Rum, available on Amazon and Bookshop, from $13.99This deeply emotional and profound novel is about the matriarchal generations of 18-year-old Deya's family as her Arabic grandparents search for a suitor against her will, just as they did for her mother years prior. Though Deya was told her parents died in a car accident, a letter makes her question everything as she unravels her family's secrets to learn her mother's truth. "On Earth We're Briefly Gorgeous" by Ocean VuongAmazon"On Earth We're Briefly Gorgeous" by Ocean Vuong, available on Amazon and Bookshop, from $8.70Readers love how "On Earth We're Briefly Gorgeous" emotionally breaks them down and rebuilds them before the final page. This story unearths Little Dog's family history, told in the form of a letter to his mother who cannot read. It is a memorable story of silence, survival, and healing. "I Must Betray You" by Ruta SepetysAmazon"I Must Betray You" by Ruta Sepetys, available on Amazon and Bookshop, from $12.99"I Must Betray You" is a young adult historical fiction novel set in 1989 Romania where 17-year-old Cristian Florescu is blackmailed into becoming an informer as Communist regimes crumble and Nicolae Ceaușescu rules as a dictator. In this powerful read based on Romania's true history, Cristian must define freedom to unmask the truth for the world to see."Frankly in Love" by David YoonAmazon"Frankly in Love" by David Yoon, available on Amazon and Bookshop, from $9.89Though this may seem like a love story on the surface, "Frankly in Love" is about the generational, racial, and personal challenges Frank Li faces as he falls in love for the first time. As the child of immigrant Korean parents, Frank knows the consequences of defying his parents and finds comfort in a family friend who is in a similar situation. Frank's deeply realistic and relevant hurdles have brought tears to the eyes of more than a few readers. "The Fault in Our Stars" by John GreenAmazon"The Fault in Our Stars" by John Green, available on Amazon and Bookshop, from $6.10"The Fault in Our Stars" is a bestselling young adult romance novel by John Green about Hazel and Augustus, who meet in a cancer support group as Augustus is in remission and Hazel fights a looming terminal diagnosis. When the two form an immediate connection, they agree to read each other's favorite books in this story that requires a tissue box nearby."They Both Die at the End" by Adam SilveraAmazon"They Both Die at the End" by Adam Silvera, available on Amazon and Bookshop, from $8.07In the science fiction universe of "They Both Die at the End," Mateo Torrez and Rufus Emeterio each receive a phone call just after midnight from Death-Cast, informing them that they will, unfortunately, die that day. Each looking for companionship in their final day of life, Mateo and Rufus find each other and set out to have one final adventure together before their time is up."Monday's Not Coming" by Tiffany D. JacksonAmazon"Monday's Not Coming" by Tiffany D. Jackson, available on Amazon, $10.99Claudia and Monday are as close as sisters, so when Monday doesn't show up for the first day of school, Claudia notices immediately. When it becomes obvious that Monday has disappeared, Claudia realizes that no one can seem to remember the last time they saw her in this emotionally challenging young adult novel."All the Bright Places" by Jennifer NivenAmazon"All the Bright Places" by Jennifer Niven, available on Amazon and Bookshop, from $7.48Theodore Finch and Violet Markey meet on the ledge of their school's bell tower, each planning to jump but somehow save each other. When they pair up for a project to discover the natural wonders of Indiana, Theodore and Violet find a safe place in each other in this young adult novel about mental health and friendship. If you're interested in learning more about why we love "All the Bright Places," check out our in-depth review here."A Little Life" by Hanya YanagiharaAmazon"A Little Life" by Hanya Yanagihara, available on Amazon and Bookshop, from $14.82A finalist for the National Book Award, "A Little Life" follows four friends who move to New York City to make lives for themselves, both together and apart. Following the group through middle age, this novel is mostly centered upon Jude, a lawyer with a terrible past, a broken heart, and deep trauma."The Kite Runner" by Khaled HosseiniAmazon"The Kite Runner" by Khaled Hosseini, available on Amazon and Bookshop, from $10.50Set during escalating tumultuous times in Afghanistan, "The Kite Runner" is about the relationship between a young, wealthy boy named Amir and the son of his father's servant, Hassan, who often fly kites to escape the realities of their lives. When something terrible happens, this novel blooms into a story of guilt, betrayal, and redemption."Glorious Boy" by Aimee LiuAmazon"Glorious Boy" by Aimee Liu, available on Amazon and Bookshop, from $17.14As the Japanese army prepares to invade India in 1942, Claire and Shep know they must evacuate with their four-year-old son, Ty, though they will have to leave his friend, Naila, behind. The morning they are due to leave, both children have gone missing and Shep forces Claire to board the ship while he stays behind to find the children in this emotional story of strength, perseverance, and motherhood.  "Wonder" by R.J. PalacioAmazon"Wonder" by R.J. Palacio, available on Amazon and Bookshop, from $9.72August Pullman is finally starting mainstream school in 5th grade, having been homeschooled because of a facial difference his entire life. Though most kids can't see past what makes August different, he finds solace in new friends, his sister, her boyfriend, and his family."The House of the Spirits" by Isabel AllendeAmazon"The House of the Spirits" by Isabel Allende, available on Amazon and Bookshop, from $12.79First published in 1982, "The House of the Spirits" is a beautiful Spanish classic about four generations of the Trueba family. As the story follows the greatest and most challenging moments through the family's lives, it intertwines with political and social unrest to create a stunning novel full of magical realism."Dear Edward" by Ann NapolitanoAmazon"Dear Edward" by Ann Napolitano, available on Amazon and Bookshop, from $10.52Edward Adler is 12 years old and the sole survivor of a plane crash that killed 186 people, including his parents and his older brother. As Edward tries to find a new place for himself in the world, this heart-wrenching story switches between the present and the events leading up to, during, and after the devastating crash."Aristotle and Dante Discover the Secrets of the Universe" by Benjamin Alire SáenzAmazon"Aristotle and Dante Discover the Secrets of the Universe" by Benjamin Alire Sáenz, available on Amazon and Bookshop, from $10.99In the summer of 1987, Aristotle meets Dante at a local pool when Dante offers to teach him how to swim. As the boys form an inseparable bond, they explore and learn more about each other, themselves, and the complicated world."You've Reached Sam" by Dustin ThaoAmazon"You've Reached Sam" by Dustin Thao, available on Amazon and Bookshop, from $15.99When Julie's boyfriend Sam suddenly dies, her world and all her plans for the future are turned upside down. Needing to hear his voice, she calls Sam's phone and finds she can connect to him once again in this young adult romance about heartbreak and grief."Bridge to Terabithia" by Katherine PatersonAmazon"Bridge to Terabithia" by Katherine Paterson, available on Amazon and Bookshop, from $6.99"Bridge to Terabithia" is a heartbreaking children's book about Jess Aarons and his new classmate, Leslie Burke, who become fast friends and spend their time in the woods, playing in an imaginative land they invented called Terabithia. When Leslie goes to Terabithia one morning without Jess, something terrible happens and Jess's life changes forever."A Walk to Remember" by Nicholas SparksAmazon"A Walk to Remember" by Nicholas Sparks, available on Amazon and Bookshop, from $8.27Though many of Nicholas Sparks' romance novels bring tears to readers' eyes, "A Walk to Remember" is especially emotional. This is the love story of Landon Carter, who fell for Jamie Sullivan in the 1950s while they were in high school, and whose love for her lasted through the great trials they faced."Me Before You" by Jojo MoyesAmazon"Me Before You" by Jojo Moyes, available on Amazon and Bookshop, from $7.84Louisa Clark lived a fairly normal life until she took a job caring for the exceedingly wealthy Will Traynor, who became wheelchair-bound after a terrible accident. As the two form a bond, Louisa learns that Will intends to die by assisted suicide and sets out to show him that life is still worth living."Marley and Me" by John GroganAmazon"Marley and Me" by John Grogan, available on Amazon and Bookshop, from $14.49As John and Jenny began their lives together in a new home, they brought home a little yellow Labrador puppy and named him Marley. This story captures Marley's life, from failed obedience training to meeting his new human siblings to teaching the true meaning of unconditional love. "Flowers for Algernon" by Daniel KeyesAmazon"Flowers for Algernon" by Daniel Keyes, available on Amazon and Bookshop, from $8.49"Flowers for Algernon" is a short science fiction novel from 1966, told through a series of reports written by Charlie Gordon, the first human subject for a surgery that will increase IQ. Though the same surgery was first successful on a lab mouse named Algernon, when the mouse begins to decline, Charlie fears the same will happen to him."The Book Thief" by Markus ZusakAmazon"The Book Thief" by Markus Zusak, available on Amazon and Bookshop, from $6.99Set in 1939 Nazi Germany, young Liesel finds a book by her brother's graveside, spurring a passion for books and book thievery, especially from Nazi book-burnings. When Liesel's foster family takes in a Jewish person and hides them in their basement, her world is turned on its head in this historical fiction novel narrated by Death."Thirteen Reasons Why" by Jay AsherAmazon"Thirteen Reasons Why" by Jay Asher, available on Amazon, $8.39Two weeks after Hannah Baker commits suicide, Clay Jensen comes home from school to find a package with cassettes recorded by Hannah, outlining the 13 reasons why she chose to end her life. As Clay listens to the tapes, he follows Hannah's story around town and uncovers terrible truths. Read the original article on Business Insider.....»»

Category: worldSource: nytAug 22nd, 2022

Is The Ethereum Merge Priced In?

Is The Ethereum Merge Priced In? By Hal Press, founder of North Rock Digital, first published in Bankless What’s Up With The Merge? As we approach the Merge, we wanted to provide a write-up on how we are thinking about the Ethereum ecosystem and specifically Merge-related investments. This is meant as a follow-up to the prior article we wrote on Ethereum, which can be found here.  Since I published the original article in January much has transpired, some assumptions have changed and the outlook for the future has been altered. Despite this, the core thesis remains, Ethereum is set to undergo the largest structural shift in the history of crypto. Back in January, the path to the Merge was extremely uncertain. Now, that path has crystalized. The final testnet, Goerli, was recently completed successfully and a Mainnet target date has been set for Sep 15/16.  So where do we stand? The Biggest Structural Shift in Crypto History Regarding the Merge the thesis has not changed, Ethereum is set to undergo a massive structural shift as expenses will effectively be reduced to zero. The shift will give rise to the first large-scale structural demand asset in crypto history. As we have stated in our core thesis many times, this paper will address what has changed and new topics not discussed in the prior article. First, it is useful to highlight aspects of the core Ethereum model to get a sense of some of the key fundamentals such as supply reduction and the post-Merge staking rate.  The largest shift since last December is that ETH-denominated fees have fallen significantly. However, there is an interesting dynamic at play here. Although fees have declined, active users have experienced a steady uptrend since late June.  This may seem inconsistent as more users should lead to higher gas. However, we believe this dynamic is caused by recent efficiency optimizations of various popular Ethereum applications. The best and most significant example is Opensea, which in migrating Seaport (from Wyvern) increased gas efficiency by 35%. This has led to a reduction in gas that doesn’t correlate to a decline in activity.  In fact, multiple indicators suggest that despite the low gas readings activity has been increasing recently (more on the specifics here later). This raises an interesting question: what is the optimal fee run rate for Ethereum? Higher fees mean more ETH is burned and post-Merge also correlates to a higher staking rate, but these higher fees also limit adoption.  As we saw in ’21, when fees are too high, some users get pushed to other L1 ecosystems. After roll-ups scale appropriately, Ethereum should be able to achieve both high fees and continued adoption. In the current environment though, it is interesting to think about the optimal mix. We believe the optimal point is approximately the point at which fees are high enough to burn all new issuance. This will enable ETH supply to be stable while also keeping fees low enough not to inhibit adoption. Interestingly, of late, fees have found an equilibrium near this point. Lower fees also seem to be having a positive impact on adoption as active users have begun to increase after a long downtrend.  Despite the fact that we seem to be near an optimal fee run rate, the reduced fees do negatively impact various model outputs. This impact is not critical as at the current run rate the burn would still be still large enough for ETH to be slightly deflationary post-Merge. Importantly, the current run rate would continue to drive structural demand as the majority of issuance is unlikely to be sold, while fees that are used must be purchased off the open market.  The staking rate will increase post-Merge by ~100 bps from 4.2% to 5.2%. However, this does not properly illustrate the true impact. To fully appreciate the shift, we must evaluate the real yield rather than the nominal yield. While the current nominal yield is ~4.2%, the real yield is close to zero, as 4.4% of new ETH is issued every year. In this context, the real yield is currently ~0% but will increase to ~5% post-Merge. This is an enormous shift and will create the highest real yield in crypto by a large margin. The only other comparable yield is BNB with a 1% real yield. ETH’s 5% yield will be a market-leading figure. What is the significance of this yield? Stakers will receive a net ~5% rate, which equates to 100/5= ~20x earnings. This multiple is considerably cheaper than the revenue multiple because the staking participation rate is quite low, meaning stakers receive an outsized share of total rewards. This is one of the key advantages of ETH from an investment standpoint.  As there are so many other uses for ETH, throughout the crypto ecosystem, most ETH ends up locked in those applications rather than staked. This in turn allows stakers to receive an outsized real yield.  In terms of the flows, ETH will transition from enduring structural outflows of ~$18mm/day to structural inflows of ~$0.3mm/day. While the demand side of the flow equation has softened, the complete reduction of the supply side remains the most important variable. Our estimate for the ETH-denominated supply reduction is actually larger than it was previously. This is due to the fact that the price declines from the highs have not been accompanied by a corresponding hash rate reduction. As a result, miner profitability has decreased dramatically, and they are likely selling close to 100% of mined ETH. For calculation’s sake, I have assumed 80% of miner issuance is being sold. In this context, ETH has found an equilibrium in which miners sell roughly 10.8k ETH ($18mm USD) per day. Given that fees have been averaging ~$2mm this yields a net outflow of ~$16mm. Post Merge this sell pressure will reduce to zero, and it is projected that there will be a structural inflow of ~$0.3mm/day post-Merge.  To conclude, while many of the numbers have shifted meaningfully in the last eight months, the conclusion remains roughly the same, ETH will shift from requiring ~$18mm of new money entering the asset to keep the price from declining to requiring ~$0.3mm exiting to keep the price from increasing.  To summarize, the staking rate and structural demand are lower than they were 6 months ago. However, this is to be expected in a period of slower activity, and if activity continues to rebound these rates will increase. The primary investment case remains the same, there is an enormous opportunity to front-run the largest structural shift in the history of crypto.  Another point that I think is often overlooked here is that the Merge is more than a shift in supply and demand. It is also a massive fundamental upgrade for Ethereum as the network becomes much more efficient and secure in many ways. This is part of what differentiates the Merge from prior BTC halvings.  It is 3x as large of a supply reduction combined with a massive improvement in fundamentals compared to a decline in fundamentals in the case of BTC halvings (reduced security).  Finally, there are two additional dynamics worth discussing. 1. Time Harvesting Before addressing how this relates to ETH it is important to lay some contextual groundwork.  Why is it that the SPX (or virtually any US/Global equity index) has been such a profitable and consistent investment vehicle over the long term? Most people think this dynamic has been driven almost entirely by earnings growth and multiple expansion. They would posit that if growth slows or the multiple stops expanding these investments would be unlikely to have positive returns going forward. This is incorrect.  The primary and most reliable source of growth for the price of these indices has been the passage of time.  Here is an example to illustrate this somewhat unintuitive point. A lemonade stand, LEMON (LEMON = The Enterprise, $LEMON = LEMON shares), earns $1 each year. There are 10 shares of $LEMON outstanding. LEMON has no cash or debt on its balance sheet. The market currently values $1 of ex-growth equity earnings at a 10x multiple. What is LEMON worth today? What about each share of $LEMON?  If we assume that next year LEMON will continue to earn $1 annually while the market applies the same multiple, what will LEMON/$LEMON be worth in a year? Take a minute and come to an answer.  If you answered $10/$1 for the first pair of questions you are correct. If you answered $10/$1 for the second pair, you are not. For part 1, LEMON is worth $10 as the market applies a 10x multiple to its $1 of earnings and assigns 0 value to its balance sheet. For part 2, the market continues to apply a 10x multiple to the $1 of earnings, but importantly, it also assigns $1 to the $1 of cash that now sits on LEMON’s balance sheet. LEMON is now worth $11 and each share is worth $1.10. When companies earn money, the money doesn’t disappear, it flows to the company’s balance sheet and the value of it accrues to the owners of the business (the equity holders). $LEMON has appreciated 10% in a year due to the earnings they have generated, despite 0 growth and 0 multiple expansion.  This is the power of earnings yield paired with the passage of time.  Crypto hasn’t benefited from this dynamic at all. In fact, crypto actually suffers from the reverse effect. Since almost all crypto projects’ expenses are greater than their revenues, they must dilute their holders to generate the funds necessary to cover their negative net income. As a result, unless earnings grow or their multiple expands, the price of each individual token will decline. The most notable exception I can think of is BNB, which is the sole current L1 to generate more revenue than expenses. It is no surprise the chart of BNB/BTC is essentially up only and recently broke an ATH. ETH will enter this exclusive class the moment it transitions to PoS. Post-merge ETH will generate a real yield of approximately 5%. This yield will be very different from virtually every other (non-BNB) L1 where the staking yield simply comes from inflation that offsets the yield. All else equal ETH holders will earn 5% each year. Time will become a tailwind rather than the headwind it is for 99.9% of other projects.  This will also change the psychology of holders and incentivize a stronger long-term buy and hold approach, effectively locking up more illiquid supply. Additionally, the “real yield” thesis and the fact that ETH will be the first large-scale real yield crypto asset will be particularly appealing to many institutions and should help accelerate institutional adoption. 2. The Wall of Worry Throughout the last few months, investors have been extremely skeptical about technical risks, edge cases, and timing risks.  The latest edge case that has generated attention is the potential for PoW forks of Ethereum that live on after the Merge. Some PoW maximalists (miners etc.) would prefer to use PoW ETH and think that a forked version of the current ETH is superior to ETC, which already exists as a PoW alternative. We do not believe there is much value in the fork, but our opinion on this matter is not particularly relevant.  The important point is that this fork will have no impact on post-Merge PoS ETH. All of the potential risks are either easily managed or not risks in the first place. For example, replay attacks will most probably not be an issue as the PoW chain is unlikely to use the same chain ID. Furthermore, even if they maliciously choose to use the same chain ID, this can be managed by either not interacting with the PoW chain or first sending the assets to a splitter contract.  Finally, even if a user does get replay attacked, it will only impact that individual user’s assets and not the overall health of the chain. What the PoW fork does do is provide a dividend to ETH holders, further adding to the value of the Merge. If the fork has any value, ETH holders will be able to send it to an exchange and sell it for additional capital, much of which will then be recycled back into PoS ETH. While we view this as a positive for the Merge-related investment case, many are worried about the potential risks and a litany of other edge cases. We have weighed each risk and concluded the upside far outweighs the downside.  Nonetheless, these concerns are keeping many long-term believers sidelined.  As we approach the Merge many of these issues will be addressed. Eventually, many of these skeptics will be converted, creating fueling continued inflows as we approach the event and culminating with a large set of buyers who will purchase ETH the day the Merge occurs successfully. This should help offset any “sell the news” dynamic.  Just last month, less than 1/3 of people thought the Merge would occur before October. Now the date has been confirmed for mid-September and still, the market is only pricing in two-thirds chance of it occurring before October. Given this backdrop how should we expect prices to move as we approach the Merge? This is the central question. First, we acknowledge the reality that macro will continue to have a large impact on absolute price levels despite the Merge. However, it is still reasonable to think through how Merge related alpha will evolve over the coming weeks. In our opinion, the path gets harder to predict the further out you look but then at some point when you’ve gone far enough it starts to become easier again. Short-Term Despite the narrative that has already been building around the Merge, positioning is still quite light within the more discretionary pockets of the market. Perpetual funding has remained negative for most of the rally since June, indicating that there are more shorts than longs in the perp market. Recently, Bitfinex longs, another notable discretionary pocket of ETH exposure, were reduced back to the lows. IMO, this light positioning is likely due to many larger participants viewing this move as a “bear market rally” and therefore wanting to put hedges on as we have continued higher. Historically, there is a large contingent of investors, who lean in the direction of BTC maximalism and will always look to fade the Merge narrative. Their theses primarily revolve around one of two central points.  The first is: “the Merge has been 6 months away for 6 years.” The second concern is around technical/execution risk. After evaluating the timing and execution risk, we have become comfortable with both. After the final testnet, Goerli, was successfully Merged earlier this week, the core developers set a target for the Mainnet Merge for September 15/16. All that remains is coordination. While many are concerned about the execution risk, the upgrade has been tested extremely rigorously over the years and cross-checked by many teams. Furthermore, one of the core pillars of Ethereum is resilience. This is the reason there are so many different clients–the redundancy acts as a safety net to protect against singular edge cases or bugs. Multiple, usually well over two, unrelated fluke events occurring simultaneously would be required to affect the protocol. This built-in resilience, the most accomplished developer team in the space, and many years of preparation have given us comfort that a technical issue, though a risk, is unlikely.  Given the cautious positioning and constant desire to “fade” the trade, I expect the next four weeks to follow a similar path as the prior four. There will be periods of pronounced fear as people overanalyze extremely unlikely edge cases. However, I expect the price declines around these periods to be shallow as there are many underexposed parties looking to add exposure on any weakness. Furthermore, almost everyone selling ETH over these next few weeks is only selling it tactically and planning to buy it back at some point before, or immediately after the Merge occurs.  This dynamic means net outflows are measured. On the flip side, I expect the hype around the Merge to magnify significantly as the date comes into focus and the narrative is picked up by the mainstream media. As I believe the thesis is extremely compelling and digestible by both institutional and retail capital, I expect inflows to accelerate as we approach the Merge creating a higher high, higher low dynamic as we approach the date.  What happens once the Merge actually occurs? Normally, you would think there would be risk of a “sell the news” reaction; many investors concerned about technical risk, plan to buy post-Merge. They believe they will capture the structural effect of the Merge without the technical risks. The post-Merge period will also depend on how much FOMO is generated as we approach the Merge and positioning when we actually get there.  We do expect significant buy flows and follow-through directly after the Merge as it is effectively “de-risked.” Medium-Term We expect a period of range trading as short-term traders sell, and this sell flow will be digested by the structural demand and larger slower moving institutional accounts. Price action in this period is less predictable and depends on the macro environment. As I have said previously, macro is incredibly hard to predict, but I will offer a few thoughts, nonetheless.  The crypto macro environment is driven by one core metric: whether adoption is growing, stable, or declining. This metric is somewhat impacted by the broader macro environment, but ultimately what matters most is this adoption metric. The reason this metric affects prices is because adoption also drives the long-term flow of funds into or out of the space. Simply put, when users are adopting crypto, they are generally also investing new money into the crypto ecosystem, and this is what drives the macro. When adoption is declining macro is hostile, when it is flat, macro is neutral and when it is growing, macro is accommodating. So how does the macro look today?  For the majority of the last 8-9 months, we have been in a declining adoption environment with a net outflow of users departing the ecosystem.   From May ’21 until the end of June daily active users have experienced a declining trend. Over the last ~6 weeks, we have seen a nascent recovery as users have steadily been increasing. This is a green shoot and indicates a potential thawing of the macro environment. We had been in a declining adoption phase, and we have now, at least, entered a stable adoption phase and potentially an increasing adoption phase. There are other green shoots that have been sprouting recently as well. After many weeks of redemptions, Tether has started to slowly mint new coins. After a long period of outflows, new money has started to enter the space again.  This impact is not unique to the Ethereum ecosystem, AVAX has also recently seen daily active users increase. NFT users and transactions have been stable recently. And certain web searches have started to positively inflect, while others are more stable. These are not dramatic increases, nothing like the exponential increases we saw at the start of the ’21 bull market. This is why I label them green shoots. They are still young and fragile. If they are smothered, they will likely wither and die, but if nurtured they could grow into something material.  We think the broader macro environment will play a key role in determining whether these green shoots live or die. To us, inflation is by far the most important macroeconomic variable; therefore, we believe that if inflation moderates and allows the fed to pivot and ease monetary policy there is a good chance these green shoots will grow stronger. However, if inflation remains high and the fed is forced to continue tightening policy they will likely be smothered and die. Predicting the course of inflation is not our primary domain, however, due to its significance in markets today, we studied it closely. After review, we feel moderating inflation is the most likely outcome, which should give these green shoots a chance to blossom.  Another advantage, in favor of a more sustained bottom, is the fact that an enormous amount of vesting from project launches in the last 24 months has now been absorbed. Furthermore, as most of the projects are down 70-95%, the USD notional size of all future vesting is also vastly reduced. Together, these two dynamics help meaningfully reduce the overall daily supply the space must absorb.   Lastly, the final variable that we think will impact this equation is none other than the Merge. Investors underestimate the impact the Merge will have on the macro environment of the entire space. There is some uncertainty about how much the supply reduction caused by prior BTC halvings has fueled the ensuing price action rather than coincidentally aligning with the natural cycles of human emotion and monetary policy.  We sympathize with these uncertainties and think there has been an element of luck in the timing. However, we think the supply reductions also had an impact and the truth likely lies somewhere in the middle. Another common criticism is that supply changes don’t drive price and all that matters are demand changes. We are not in accord with this thinking. A supply reduction is not different than a demand addition. Let’s say miners sell 10k ETH/day, and instead of getting rid of this sell pressure we simply add 10k ETH/day of buy pressure. This would have the exact same impact as eliminating the miners’ sell pressure but would be a demand change rather than a supply change. It is obvious these two options would have the same impact and it, therefore, makes no sense to us why one would matter more than another.  If we then believe that BTC halvings have impacted crypto’s macro, then it stands to reason that the Merge should do the same. While ETH dominance is significantly lower than BTC dominance at the time of the last halving, the impact from the Merge is nearly as large as the prior BTC halving as a % of total crypto market cap and significantly larger on an absolute basis.  Post-Merge crypto will be relieved of ~$16mm of daily supply. This is not an insignificant amount. To recognize this, it is useful to consider the cumulative impact. We think a TWAP of 70k ETH per week would have a market impact. That is effectively the impact the Merge will have except it doesn’t stop after a year; it continues into perpetuity. This has the potential to positively influence the entire space as the positive flow impact trickles into other parts of the market. This should provide an added macro tailwind to help nurture the green shoots we referenced earlier and increases their odds of survival. To conclude, if macro moderates at all, there is a real chance that what began as a bounce off of a capitulation bottom morphs into a more sustainable and organic recovery and the Merge should help aid this process. Long-Term In the long-term, the future becomes easier to predict, as structural flows are most important over this time horizon and easier to forecast. This is where the Merge’s impact is most pronounced. As long as Ethereum’s network adoption continues, which we deem likely, structural demand will remain and further inflows will also exist. This should result in sustainable and consistent appreciation, especially compared to other tokens, over many years (hopefully decades) to come. We expect Ethereum to surpass Bitcoin as the largest cryptocurrency within the next few years as we believe flows are the most important variable in crypto. Ethereum will forever have a flow tailwind post-Merge. Bitcoin will forever have a flow headwind. To get a sense for how things may look, the BNB/BTC chart is a good place to start.  BNB/BTC has steadily increased and made multiple new ATHs during this bear market despite little narrative momentum. We believe this is primarily due to the fact that BNB is the only L1 with structural demand. Post-Merge Ethereum will have greater structural demand than BNB both on an absolute and market cap weighted basis. Investment Strategies to Win the Merge 1. ETH/BTC Before evaluating the ETH/BTC trade it is necessary to provide some more general context on the PoW vs PoS debate. Much of the following is paraphrased from the appendix of the first article but it is worth reiterating. We believe PoS is a fundamentally more secure system for a variety of reasons. Firstly, each unit of security costs less with PoS. To understand why PoS provides more efficient security than PoW we first need to explore how these consensus mechanisms generate security in the first place. A consensus mechanism is as secure as the cost to 51% attack it. The efficiency of the system can then be measured by the cost (issuance) required to generate a unit amount of security.  In other words, how many dollars the network has to pay out to receive $1 of protection from a 51% attack. For PoW, the cost of a 51% attack is primarily the hardware required to obtain 51% of the hash rate. The relevant metric is how much money miners require to invest $1 in mining hardware. The math tends to work out close to 1 to 1 meaning miners require 100% annual rate of return on their investment or in other words $1 of annual issuance for each $1 they spend on hardware and utilities. In this context, the network needs to issue roughly $1 of supply each year to generate $1 of security. In the case of PoS, stakers are not required to purchase hardware, so the question becomes what return do stakers demand to lock up their stake in the PoS consensus mechanism? In general, stakers require a significantly lower rate of return than the 100% miners typically demand. The primary reason for this is that there is no incremental cost outlay and their assets do not depreciate (mining hardware typically depreciates close to 0 after a few years). The required rate should generally fall in the 3-10% range. As we calculated earlier, the current estimated post-Merge staking rate of 5% falls right in the middle of this range. This means that to gain $1 of security a PoS needs to issue $0.03-$0.10 of issuance. This is 10x-33x more efficient than PoW (20x more in the case of Ethereum’s PoS).  To conclude, this means that a PoS network can issue ~1/20th the issuance of a PoW network and be just as secure. In the case of ETH, they will actually issue about 1/10th of the issuance and the network will be twice as secure as it was during PoW. This efficiency is not the only advantage. Both consensus mechanisms share a common issue, which is that the security of the chain is correlated to the price of the token. This has the potential to create a self-reinforcing negative feedback loop whereby the reduction in token price causes a reduction in security, which therefore causes a decrease in confidence and drives a further decrease in token price and then repeats. PoS has a natural defense against this dynamic, PoW doesn’t. The attack vector for PoS is much more secure than PoW. First, to attack a PoS system you must control a majority of the stake. To do this you must purchase at least as many tokens as are staked from the market. However, not all tokens are available for sale. In fact, much of the supply is never traded and is effectively illiquid. Furthermore, and most importantly, with each token acquired the next token becomes harder and more expensive to acquire.  In the case of Ethereum, only ~1/3 of tokens are liquid (moved in the last 90 days). This means that once a steady state staking participation rate of closer to 30% has been reached it will be extremely difficult no matter the amount of money possessed, to attack the network. An attacker would need to purchase the entire liquid supply, which is impractical and nearly impossible. Another important feature of this defense mechanism is that it is relatively unaffected by price. Because the limiting factor to attack is liquid supply rather than money it does not get much easier to attack the network with lower prices. If there is not enough liquid supply (measured as a % of total tokens) to purchase, it doesn’t matter how cheap each token becomes because the limiting factor is not price. This price-insensitive defense mechanism is incredibly important to deter the potential negative feedback loop that declining prices could otherwise create. In the case of PoW, in addition to being 20x less efficient, there is no such defense mechanism. Each hardware unit may be marginally harder to acquire than the next, but there is no direct relationship, and if there is a correlation that does exist, it is weak at best. Importantly, it also becomes significantly easier to attack at lower prices as the number of hardware units required decreases linearly with price and the supply of hardware units does not change. It is not reflexive in the manner the PoS liquid supply defense is.  Other advantages of PoS such as better energy efficiency and better healing mechanisms are articulated clearly elsewhere, therefore we will not focus on them in this piece.  Another misconception about PoS is that it drives centralization by rewarding large stakers more than small stakers. We believe this to be incorrect. While large stakers receive more staking rewards than smaller stakers, this does not drive centralization. Centralization is the process by which large stakeholders increase their percentage of the stake over time. This is not what occurs in the PoS system. As large stakers have a larger stake to begin with, the larger rewards do not increase their percentage of the pool. For example, if 10 ETH is staked between two counterparties, Counterparty X has 9 ETH and counterparty Z has 1 ETH. X controls 90% of the stake. A year later X will have received 0.45 ETH and Z will have received .05 ETH. X has received 9 times the amount of rewards as Z. However, X still controls 90% of the stake and Z still controls 10%. The proportions have not been altered and therefore no centralization has occurred.  These inherent differences impact the debate around ETH/BTC. Most consider ETH a totally different asset to BTC as they do think is designed to be a decentralized SoV (replace gold), while BTC is. We believe in many important ways Ethereum is better suited to be a long-term SoV than Bitcoin. Before we compare the two, it is first necessary to evaluate Bitcoin’s current security model and how it may evolve over time. As discussed earlier, a system’s security is derived from the cost of a 51% attack. As a PoW network, this cost is determined by the amount of money it would take to purchase enough hardware rigs and other equipment/electricity necessary to control 51% of the hash power. This is roughly equivalent to the cost necessary to recreate the current mining hash rate that exists on the network. In an efficient market (mostly an accurate assumption over the medium/long term), the total hash rate is a product of the value of the issuance that miners receive. Bitcoin is as secure as the value of its issuance. As discussed earlier, this security is both inefficient and importantly lacks the reflexive defense of a PoS system. What happens when Bitcoin halves its issuance every four years? The system fundamentally becomes 50% less secure assuming all other variables are held constant. Historically, this has not been a large problem as the value of the issuance (and therefore the security) is a function of two variables: the number of tokens issued and the value of each token. As the price of the tokens has more than doubled around every halving cycle, this has more than compensated for the issuance reduction on an absolute basis. The absolute security of the network has increased through each cycle despite the number of tokens being issued halving. However, this is not a sustainable dynamic long-term for multiple reasons. First, it is not realistic to expect the value of each token to continue to more than double with each cycle. An exponential price increase is mathematically impossible to sustain over long periods of time. To illustrate this point, if BTC price doubled every halving cycle it would exceed global M2 after ~7 more halving cycles. Eventually, BTC price will stop increasing at this rate; when it does each halving cycle will drastically cut into its security. If the BTC price declines around the halving cycle, the security reduction will be even more significant and could trigger the negative feedback loop referred to earlier. This security system is fundamentally unsustainable so long as prices are capped, which they are. The only way to counter this issue is to generate meaningful fee revenue. This fee revenue could then replace some of the issuance and continue providing an incentive for miners and therefore provide security even after issuance is reduced. The issue for Bitcoin is that fee revenue has been negligible, and also declining, over a long period of time. In our opinion, the only practical way to generate security over the long term is through significant fee revenue. Therefore, to function as a sustainable SoV a system must generate fees. The alternative is tail emissions, which guarantees inflation compromising the SoV utility. Long-term security represents the most important property of an SoV. For example, gold has captured the majority of the SoV market for so long as nearly all market participants are confident that it will remain legitimate long into the future. For a crypto asset to become an adopted and successful SoV, it too must convince the market that it is extremely secure and that its legitimacy is guaranteed. This can only be possible if the protocol’s security budget is sustainable for the long term, inherently favoring a PoS system that has a large and durable fee pool. We believe the most likely candidate for this system is ETH. It is one of only two L1s with a significant fee pool. The other, BNB, is extremely centralized.  Credible neutrality is the second critically important characteristic of a successful SoV. Gold has no allegiance or reliance on anything. This independence creates its success as an SoV. For another asset to be widely adopted as an SoV it must also be credibly neutral. For a cryptocurrency credible neutrality is accomplished through decentralization. Today, the most decentralized cryptocurrency is undoubtedly Bitcoin. This is primarily because Bitcoin has very little development effort, and the protocol is mainly ossified, but nonetheless, the fact remains that it is by far the most decentralized protocol today. If you tried to kill Bitcoin today, it would be extremely hard. If you tried to kill ETH today, it would still be extremely hard, but likely easier than BTC.  However, we believe it is more important to look at the end state than the current state so long as there is a realistic path to achieve this end state. Ethereum has a clear roadmap ahead of it. We believe that while we are currently only in the middle of this roadmap, eventually (I’d estimate ~8-12 years) this roadmap will be complete, and the significance of the core developer team will fade. At this point, ETH will have a compelling case that it is more decentralized than BTC in addition to possessing far superior long-term security.  Contrary to popular belief, PoS naturally promotes decentralization more than PoW. Larger PoW miners receive a clear benefit from economies of scale, which drives centralization. Scale is much less relevant for PoS as the cost of setting up a node is vastly lower than a PoW rig and there is no real benefit to large-scale electricity as the electricity required for PoS is 99%+ lower. The economy of scale is a large factor for PoW but is not for PoS. 400,000 unique ETH validators exist today and the top 5 holders only control 2.33% of the stake (excluding smart contract deposit). This level of decentralization and diversity separates ETH from all other PoS L1s. Furthermore, this compares to BTC favorably as the top 5 mining pools today control 70% of the hashrate. While some critics will point out that liquid staking providers control an overwhelming portion of Ethereum’s stake, we believe these concerns are overblown. Additionally, we expect these concerns to be addressed by the liquid staking protocols and expect additional checks to be put in place to further protect against these concerns.  In summary, PoS is a fundamentally better consensus mechanism for a crypto SoV. This is the reason the Merge will represent a major milestone on Ethereum’s roadmap, marking a critical juncture in its journey to become the most appealing cryptographic SoV. The fundamental reasons discussed above are the reason we favor the ETH/BTC trade long-term and specifically around the Merge. However, flows, and specifically structural flows, are most important in determining price. It is the structural shift in flows that the Merge triggers that makes this trade so appealing and why the Merge is such a large catalyst for it. Historically, the structural flow for both BTC and ETH have been quite similar. Although ETH has had a smaller market cap its issuance has been ~3x larger on a market cap weighted basis. This larger issuance has made it extremely difficult for ETH to ever surpass Bitcoin in market cap as it would require ETH to absorb 3x the daily USD denominated supply. An interesting exercise is to think about the chart above and what the inputs are as clearly there has been a strong relationship (stronger than normal correlation would imply). The charted values are a product of tokens issued and token price. What happens if you reduce the tokens issued variable but want to retain the relationship? You must increase token price. So what should we expect to happen when we reduce the token issued variable for Ethereum by 90%? This is not to say that price should 10x to offset this reduction as the impacts are not necessarily linear, but the relationships are worth considering.  To conclude, post-Merge the passage of time will forever be a flow tailwind for Ethereum while for Bitcoin it will always be a headwind. Ultimately, this straightforward reality is what we believe will be the primary driver of the eventual flippening. 2. Staking Derivatives As Ethereum is such a large ecosystem many other areas will be tangentially affected by the Merge. As an investor, it is often interesting (and profitable) to consider the second and third-order effects of certain catalysts to search for opportunities that may be inefficiently priced in the market. Regarding the Merge, there are many options such as L2s, DeFi, and Liquid Staking Derivative (LSD) protocols. After a comprehensive review of the different alternatives, we have concluded that the liquid staking protocols are set to be the largest fundamental beneficiaries of the Merge (even more so than ETH).  The thesis is simple. The LSD protocols’ revenues are directly impacted by the price of ETH plus multiple other Merge related tailwinds that compound each other.  Additionally, their largest expense, the cost of subsidizing the liquidity pool between their staking derivate token and native ETH, declines, effectively to zero, shortly after the Merge. At a high level, I expect a 4-7x Merge driven increase in ETH protocol revenue (assuming only modest a ETH price increase) and a 60-80% reduction in their largest expense. This is a uniquely powerful fundamental impact.  We must examine the revenue and expense model of these protocols to fully comprehend this thesis. Using Lido as an example, as it is the largest of the LSD protocols, let’s examine the model. Note that these principles also apply to the other players as they are generally quite similar. Lido generates revenue as a percentage of the staking rewards that accrue to their liquid staking derivatives, stETH. Lido receives 5% of all staking rewards generated. If a user deposits 10 ETH for 10 stETH and generates an additional 0.4 stETH over the course of a year. The user keeps 90% of 0.4, the validator keeps 5% and Lido keeps the other 5%. As can be seen, Lido’s revenue is purely a function of the staking rewards generated on its LSD.  These staking rewards are a function of four separate variables: total ETH staked, ETH staking rate, LSD market share, and ETH price. Importantly, the staking rewards are the product of all four variables. If multiple variables are impacted their effect on the output compounds. In other words, if you double one and triple the other the impact on the staking rewards is 600%. All the variables, except market share, are directly impacted by the Merge. Total ETH staked will likely increase dramatically from the current 12% to closer to ~30% a 150% increase. As discussed earlier, the staking rate is likely to increase from 4% to ~5%, a 25% increase. There is no reason to think the Merge will significantly impact LSD market share so we can assume this is held constant and has no impact. Lastly, for the sake of this exercise let’s assume a 50% increase in the price of ETH. The aggregate effect of these different variables is 250%*118%*150%= 444% or a ~4.4x increase in revenue.  Expenses also meaningfully drop. The largest expense of these LSD protocols is incentivizing the liquidity pools between their LSD and native ETH. Given there are no withdrawals yet, it is extremely important to create deep liquidity to manage large flows between the LSD and native ETH. However, once withdrawals are enabled these incentives will no longer be required. As there will then be an arbitrage if the two ever differ materially, natural market forces will keep them relatively pegged as arbitrageurs buy the LSD on any dips.  This will allow the LSD protocols to drastically reduce their issuance (expenses), which will also materially reduce the sell pressure on the tokens.  LDO is trading at ~144x revenue on a pre-Merge number but this declines to ~31x when you look at it on a post-Merge number. While not overly cheap by traditional measures, this is attractive for a high-growth strategic asset in the crypto space where valuations are typically elevated. Importantly, this is real revenue that will accrue to the protocol.  A common concern among LDO critics is that this revenue does not get returned to holders. They often compare the protocol to Uniswap for this reason. While it is true the revenue is not passed through to token holders at current, we do not think this is a legitimate concern nor do we think the Uniswap comparison is correct—just because token holders do not receive cash flow today does not mean they will not in the future. We believe there will be a time when these returns are enabled. We also know that multiple large stakeholders agree on this issue. Furthermore, we do not think Lido should return cash today and would actually be very concerned with management’s competence if they did. This is an extremely early-stage business (~1.5 years old) that is still in its infancy growth phase. They require regular cash raises and are burning cash on a run rate basis today (this will change post-Merge). It would not be sensible to raise money from investors to cover the burn and then distribute protocol revenue to token holders, in turn increasing the burn. This would be akin to a startup paying out investor distributions with early revenue despite not generating enough revenue to cover expenses. This would never happen in the traditional capital markets because it is not rational.  Many crypto participants are also concerned about Lido’s dominant market share. They have 90% share of the LSD market and stETH makes up ~31% of total staked ETH. While we think the concerns around centralization are overstated, we still believe Lido should remain below 33% share of staked ETH to eliminate any doubt about Ethereum’s credible neutrality. As far as the investment case for the protocol we do not think a 33% market share cap is concerning. In our opinion, there are many other growth vectors Lido can pursue other than market share, and the investment is already quite compelling with its current share.  To conclude, Lido is a key piece of infrastructure in the Ethereum ecosystem that has established product market fit and dominant market share in what will remain an incredibly fast-growing portion of the market. In our opinion, the frequently cited concerns around the protocol are either misplaced or misrepresented. Furthermore, it is reasonably priced considering its past and expected future growth prospects and therefore represents one of the most investable assets in the space. While Lido is the market leader and largest player there are two other LSD protocols, Rocketpool and Stakewise, that also merit consideration. There are many unique aspects of each LSD and intricate detail that could be expanded upon. However, for the sake of digestibility, we will focus primarily on the high-level differences and expand upon the finer points in future discussions. Both RPL and SWISE should benefit from any share that Lido cedes due to the centralization concerns. While we think any Lido share losses will be modest, even modest losses for Lido would equate to outsized gains for the smaller players. For example, if LDO loses 4% market share, RPL gains 2.5% of that, and SWISE gains 1.5%, LDO will lose ~12% of their market share but RPL will gain ~50% and SWISE ~125%.   The 2nd largest player in the market, Rocketpool (RPL), has a unique staking mechanism and tokenomics. To stake through RPL, validators must pair RPL with native ETH and are required to maintain a minimum ratio between the two. This dynamic creates predictable and guaranteed demand for RPL as the ETH staking participation rises and more validators adopt the solution. Another benefit of RPL is the practice of validators pooling with other users, allowing the required ETH to set up a staking node to be reduced from the normal 32 ETH to only 16 ETH. This reduced minimum allows for smaller operators to set up nodes and further incentivizes decentralization. This makes RPL a perfect complementary player to LDO, which should act as a tailwind for RPL’s market share as they will be a primary beneficiary of Lido’s effective market share cap.  Lastly, Stakewise is another interesting alternative to LDO. Their model is very similar to LDO’s but they are focused increasingly on institutional adoption, which should position them well for a post-Merge marketplace. They also benefit from a highly driven and professional team that has continued to execute well. Notably, they have discussed plans to eventually implement token-holder-friendly tokenomics that would see token holders directly receive excess protocol revenue. Additionally, SWISE has been gaining notable traction with larger accounts looking to diversify their staking products (one proposal alone was recently approved by Nexus Mutual which would increase their TVL by 20-25%). As they are the smallest player with the highest valuation, they are likely the highest risk/reward investment in the category.  To conclude, it’s hard to differentiate between value within the group. LDO is the cheapest and most secure, but with the least market share upside. SWISE is the most expensive, but with the most market share upside and RPL is in between with the added benefit of unique tokenomics and a decentralizing staking mechanism. Relative valuations are rational which suggests to us the market is efficiently pricing the different opportunities. We have elected to own all three. We believe the LSD tokens are the highest EV Merge-related investments! They will likely outperform ETH, but investors should expect higher volatility and lower liquidity. The Merge Is Coming The Ethereum Merge is coming. There’s no doubt about it. With the date locked in for September 15th or 16th, this will be the biggest structural change in the history of crypto. There are a lot of dynamics at play that investors need to consider. Hopefully, this report helps you parse through all the information. What’s the key takeaway? The Merge is not priced in. * * * Tyler Durden Fri, 08/19/2022 - 09:58.....»»

Category: blogSource: zerohedgeAug 19th, 2022

Brentwood’s Newest Curated Living Experience & Residences

Respara, located in one of LA’s most distinguished neighborhoods, Brentwood, is slated to open to residents in Fall 2022. The highly anticipated collection of residences is comprised of 54 private retreats, each offering an intimate living experience and the best of the westside’s sophisticated lifestyle.  With leasing already underway, Respara... The post Brentwood’s Newest Curated Living Experience & Residences appeared first on Real Estate Weekly. Respara, located in one of LA’s most distinguished neighborhoods, Brentwood, is slated to open to residents in Fall 2022. The highly anticipated collection of residences is comprised of 54 private retreats, each offering an intimate living experience and the best of the westside’s sophisticated lifestyle.  With leasing already underway, Respara offers generous one-, two- and three-bedroom residences starting at $6,600/month and ranging from 845 to 1,978 square feet. Located in a secluded cul-de-sac at the intersection of Dunstan Way and Barrington Avenue, Respara evokes a peaceful sanctuary surrounded by 400 acres of green space. The development features elevated mid-century modern design, the latest in smart-home technology and lush outdoor spaces where relaxation meets an oasis-like atmosphere. Residents can expect spacious, open floor plans, white oak flooring, custom Italian cabinetry, walk-in closets, floor-to-ceiling glass sliders leading to expansive terraces, custom white oak Italian vanities with Italian quartz, and calacatta trevi countertops. The development also offers over 10,000 square feet of amenities and personalized services including: Numerous wellness facilities including an indoor fitness lab, serene resident lounge, palm tree lined swimming pool and jacuzzi, and private cabanas for resident relaxation and lounging. State of the art technology featuring mesh WiFi allowing for full smart home technology integration, electric vehicle charging stations, a private cinema room, an integrated resident app, and a full-service conference room.  Dedicated Resident Ambassador team to provide services including mail and package delivery, in-home grocery delivery, dining reservations, car detailing services, dry cleaning and housekeeping, as well as bike and surfboard rentals. Abundant tranquil spaces such as a 70-foot interior courtyard, perfect for outdoor yoga classes, a secluded garden for meditation and breathwork exercises and a special treatment room for resident facials, massages, or IV drip therapy. Convenient, walkable access to Brentwood’s most coveted shops, restaurants, athletic studios, and entertainment destinations.  Exclusive partnerships, such as home delivery of cold pressed juice from local establishment, Pressed Juicery, medical concierge services from Sollis Health and customized personal training from Royal Personal Trainers in Beverly Hills. “Respara is bringing an entirely new caliber of living to the westside of Los Angeles, offering a healthy balance of serenity coupled with the vibrancy of the surrounding coastal cities. Residents can expect a one-of-a-kind living experience that feels like the comfort of home, the adventure of a vacation, and the warmth of exceptional hospitality,” says developer Hugh Evans III. Respara is being developed by Evans and partner Chris Liebes, both longtime local real estate developers. Leading hospitality management company, Align Residential will lease and operate the project. To learn more about Respara, please visit www.liverespara.com and follow on Instagram and Facebook. The post Brentwood’s Newest Curated Living Experience & Residences appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyAug 16th, 2022

Futures Jump, Dollar Slides As Euro Surges On Hawkish ECB Report

Futures Jump, Dollar Slides As Euro Surges On Hawkish ECB Report After yesterday's sharp late-day swoon sparked by news that Apple is reining in hiring (which, of course, is expects as the US slides into recession, and is a necessary condition for the Fed to end its rate hikes), sentiment reversed overnight and US index futures climbed to session highs, rising as high as 1% just before 7am ET, as traders remained focused on the earnings season, with tech stocks set to rebound following Monday’s losses. Nasdaq 100 and S&P 500 contracts were 0.7% higher by 7:30am in New York. Both indexes declined Monday as investors worried over the strength of the economy after Apple joined a growing number of companies that are slowing hiring. Meanwhile, the euro soared more than 1% against the dollar after a Reuters report that the ECB may consider raising interest rates by 50 basis points because of the worsening inflation backdrop (even though this report was followed by the far more dovish Bloomberg news that "Lagarde Redoubles Push on New ECB Tool to Reach Deal This Week").  German bunds fell, while benchmark Treasuries traded little changed after paring gains following the report. Markets are pricing in about 38 basis points of tightening on Thursday, when the ECB is expected to raise rates for the first time in more than a decade. That reflects about a 50/50 chance of a 50-basis point increase. An outsized hike would put the ECB more in line with global peers moving up their policy rates at warp speed. Back to the US, and looking at premarket trading, cryptocurrency-related stocks gained for the second day as Bitcoin extended its rally but it was ether that stole the show, rising almost 50% in the past week. IBM dropped 5 after the IT services company cut its annual forecast for free cash flow due to the strong dollar and the loss of business in Russia.  Bank stocks climb in premarket trading Tuesday amid a broader push higher by risk assets. S&P 500 futures are also higher this morning, gaining as much as 1%, while the US 10-year yield holds steady at about 2.98%. In corporate news, Veritas Capital is in talks to buy NCR Corp., according to a Dow Jones report. Meanwhile, Jefferies said it plans to spin off its Vitesse Energy unit to shareholders and sell Idaho Timber as part of a strategy to shrink its merchant-banking portfolio. Here are the other notable US premarket movers: Exxon Mobil (XOM US) rises 1.7% in US premarket trading on Tuesday as Piper Sandler upgraded the stock to overweight from neutral, saying in a note that the setup for US energy stocks heading into 2Q earnings is looking increasingly attractive. US cryptocurrency-related stocks gain in premarket trading, as Bitcoin rallies for a second day in a row and comes closer to the breaking of a one-month-old range. Marathon Digital (MARA US) +7.2% after entering into a five-year pact with Applied Blockchain (APLD US), which jumps 33%. Riot Blockchain (RIOT US) +4.3%, Hut 8 Mining (HUT US) +2.9%, Coinbase (COIN US) +1.8% IBM (IBM US) shares were down 5.1% in premarket trading, after the IT services company cut its annual forecast for free cash flow due to the strong dollar and the loss of business in Russia. Piper Sandler says FX headwinds will likely hit other technology companies too. Cinemark (CNK US) shares gain 4.6% in US premarket trading as the stock was upgraded to overweight from equal- weight at Morgan Stanley, with the return of consumers to theaters seemingly not reflected in its shares. Marten Transport (MRTN US) shares rose as much as 4.5% in US postmarket trading on Monday after the firm reported earnings per share for the second quarter that beat the average analyst estimate, with KeyBanc saying results show that the trucking company has seen a “hot start.” Keep an eye on US solar stocks as Piper Sandler cut its ratings on SunRun (RUN US) and Sunnova (NOVA US) and upgraded FTC Solar (FTCI US), saying that the resilience of the sector to recession is likely to come into focus heading into 2Q earnings. Watch Apollo (APO US) and StepStone (STEP US) shares as Morgan Stanley strategists cut the stocks to equal-weight from overweight, taking a more cautious near-term view on alternative asset managers. Investor allocation to stocks plunged in the week through July 15 to levels last seen in October 2008, while exposure to cash surged to the highest since 2001, according to BofA's latest fund manager survey (more details shortly). High inflation is now seen as the biggest tail risk, followed by a global recession, hawkish central banks and systemic credit events.  Signs that high inflation and monetary tightening are squeezing consumers and employment could feed into worries that an equity revival since mid-June is merely brief. Corporate updates such as Apple’s are helping markets to calibrate the risk of recession. Netflix Inc., Johnson & Johnson and Lockheed Martin Corp. headline another busy day for earnings. “Inflation and its detrimental effect on consumers’ pockets and corporate margins is yet to be fully seen,” Mizuho strategists Peter McCallum and Evelyne Gomez-Liechti wrote in a note. “Until then, we don’t expect investors to feel properly comfortable buying on dips other than in the most defensive names.” In Europe, Euro Stoxx 50 reversed an earlier loss of as much as 0.6% and traded 0.2% higher, at session highs. Spain's IBEX outperformed peers, adding 0.8%. Tech, financial services and chemicals are the worst performing Stoxx 600 sectors. Here are some of the biggest European movers today: Electricite de France shares climb as much as 15% as trading resumes after the French government offered to pay about 9.7 billion euros to fully nationalize the utility in a move welcomed by analysts, which say the deal has a high chance of success. Wise shares jump as much as 16%. The money transfer firm’s fiscal 1Q update shows a 12% beat on revenue, Morgan Stanley (equal-weight) writes in a note, while Citi (sell) says update shows a “decent beat” on volumes and revenue, primarily driven by personal remittance business. Informa rises as much as 5% after reporting better-than-expected preliminary 1H results while announcing the acquisition of business news site Industry Dive for $389 million. Citi says the newsflow is encouraging “across the board.” Novartis shares gain as much as 1% after the company reported a “solid” 2Q with a surprise beat in its Sandoz generics unit, analysts say. ZKB notes that Cosentyx sales were weak, but this was offset by Sandoz and a solid performance for other drugs, such as Kesimpta. Deliveroo shares rise for a second day following its trading update, with Berenberg raising the stock to buy from hold on improved risk-reward. Shares rally as much as 5.5% after a 6.9% gain on Monday. Alstom shares were down as much as 6.7% after company reported 1Q earnings. Investor worries are around inflation, potential gas disruptions on production in Europe and chip shortages. Telenor shares dropped as much as 5.2% after Norway’s telecommunications company posted a 2.5 billion-krone ($250 million) impairment on its Pakistan operations due to a jump in funding costs and an adverse court ruling. SGS shares fall as much as 4.7% with analysts saying the testing and inspection firm delivered solid organic growth but with weaker margins. Getinge drops as much as 7.4%, with Handelsbanken analyst Rickard Anderkrans (buy) saying its 2Q results were a “mixed bag” across its divisions and adjusted Ebitda margin looked “fairly soft”. European stocks could slump another 10% if Russia cuts off gas to the region, triggering a recession, according to Citigroup Inc. strategists. A halt of Russian gas supplies could potentially reduce the euro area’s gross domestic product by about 1%, which would imply a 10% contraction in European earnings-per-share over the next 12 months, according to Citi. Earlier in the session, Asian stocks fluctuated as China’s policy efforts to resolve the mortgage boycott crisis failed to lift sentiment amid lingering woes in the sector and global growth concerns. The MSCI Asia Pacific Index erased a drop of as much as 0.4% to trade 0.1% higher as of 5 p.m. Hong Kong time. Technology shares were the biggest drags after a report on Apple Inc.’s plan to slow hiring highlighted growth risks. Industrial and financial shares gained. Hong Kong and Chinese equities were among the worst performers regionally, cutting short a rebound in the previous session. A gauge of developer shares fell despite a report that China may allow homeowners to temporarily halt mortgage payments on stalled projects, part of a broader policy push to stabilize the property market.  Asian equities have seen choppy trading recently as traders expect another large interest rate increase by the Federal Reserve this month. China’s Covid cases are also on the rise again, raising the risk of more lockdowns.  “It is not just the mortgages or the property, but also Covid that has gotten back a lot of attention. It will be quite challenging for the regional markets to overcome the overall bad risk sentiment that we have with the global headwinds,” Stefanie Holtze-Jen, Asia Pacific chief investment officer at Deutsche Bank International Private Bank, said in a Bloomberg TV interview.  Japanese shares edged higher on Tuesday after reopening from a holiday. Traders will look ahead to a policy decision from the Bank of Japan on Thursday Japanese stocks advanced as investors returned from a long weekend and await a policy decision from the Bank of Japan on July 21.  The Topix Index rose 0.5% to 1,902.79 at the market close in Tokyo, while the Nikkei advanced 0.6% to 26,961.68 on Tuesday. Sony Group Corp. contributed the most to the Topix Index gain, increasing 2.3%. Out of 2,170 shares in the index, 1,321 rose and 754 fell, while 95 were unchanged. In Australia, the S&P/ASX 200 index fell 0.6% to close at 6,649.60, as healthcare and technology shares tumbled. Technology shares had their worst day in a month, following regional and US peers lower after Bloomberg reported Apple plans to slow hiring in some divisions to cope with a potential economic downturn. Mining shares swung to a loss after posting early gains following BHP’s production output, as the mining giant joined rival Rio Tinto Group in signaling more turbulence.  Energy shares bucked the trend and edged higher after oil futures jumped above $100 a barrel on concerns about tighter supplies globally. In New Zealand, the S&P/NZX 50 index was little changed at 11,162.73 Stocks in India were mostly higher, with banks and property developers among the winners as signs pointed to improved sales. The S&P BSE Sensex rose 0.5% to 54,767.62 in Mumbai, while the NSE Nifty 50 Index gained 0.4%. Reliance Industries was the biggest contributor to the Sensex, rising 0.8%, followed by ICICI Bank, which rose 1.1%. Out of 30 shares in the Sensex, 19 rose and 11 fell. Among sectoral gauges, the realty index led with a 2.7% gain behind rallies by Sobha Ltd. and Oberoi Realty, the latter on demand outlook for a luxury project in Mumbai.  Consumer-goods producer Hindustan Unilever is scheduled to report quarterly earnings after trading hours, with analysts watching for its outlook to assess recovery in demand.  India’s rupee touched another record low, with one drag being the continued selling of equities by foreign investors. Net outflow of $29.7b of local shares as of July 15 was the most in Asia after China and Taiwan. The Bloomberg Dollar Spot Index fell 0.6%, dropping to its lowest level in two weeks, with Scandinavian currencies outperforming Group-of-10 peers against the greenback. The euro rose to a two-week high in the wake of the reports that the ECB were considering a larger initial move in their tightening cycle, gaining as much as 1.2% to 1.0269, eyeing the 21-DMA at 1.0307. German 2-year yields surged as much as 12 basis points to 0.64% as traders moved in to price at one point over 100 basis points of rate hikes from the ECB by September.Gilts rallied and traders trimmed bets on the pace of BOE interest-rate hikes after lower-than-forecast UK average earnings in May suggest inflation may slow. In rates, Treasuries were little change on the day with yields broadly within one basis point of Monday’s close despite weakness seen across European core rates after Reuters reported ECB officials are discussing a half-point hike on Thursday.  10-year TSY yields around 2.98%, slightly richer from Monday while bunds underperform 4bp in the sector; Treasuries curve is mildly steeper with spreads broadly within one basis point of Monday close also. Following Reuters report on ECB the euro jumped to two-week high while two-year German yields remain cheaper by 8.5bp on the day. US auctions this week include 20-year bond reopening Wednesday and 10-year TIPS on Thursday. German Bund curve bear-flattens with 2s10s narrowing 5.3bps. Peripheral spreads tighten to Germany with 10y BTP/Bund narrowing 0.8bps to 206.0bps. In commodities, oil slipped but held above $100 a barrel after posting the biggest one-day advance since May, aided by a tightening market and a cooling in dollar gains. WTI drifts 0.7% lower to trade near $101.88. Brent falls 0.8% near $105.42. Base metals are mixed; LME lead falls 2.4% while LME nickel gains 2.7%. Spot gold rises roughly $3 to trade near $1,713/oz. Bitcoin remains firmer on the session and have marginall eclipsed Monday's USD 22.75k best to a USD 22.95k high thus far. Looking to the day ahead now, and data releases include UK employment data for June, US housing starts and building permits for June, and the final CPI reading for June from the Euro Area. Central bank speakers include BoE Governor Bailey and the ECB’s Makhlouf. Earnings releases include Johnson & Johnson, Lockheed Martin and Netflix. And in politics, there’s another ballot of UK Conservative MPs as they select their next leader and the country’s next Prime Minister. Market Snapshot S&P 500 futures up 0.8% to 3,863.50 STOXX Europe 600 down 0.6% to 415.27 MXAP little changed at 156.43 MXAPJ down 0.3% to 515.24 Nikkei up 0.6% to 26,961.68 Topix up 0.5% to 1,902.79 Hang Seng Index down 0.9% to 20,661.06 Shanghai Composite little changed at 3,279.43 Sensex up 0.2% to 54,634.07 Australia S&P/ASX 200 down 0.6% to 6,649.60 Kospi down 0.2% to 2,370.97 Gold spot up 0.2% to $1,712.77 US Dollar Index down 0.69% to 106.62 German 10Y yield little changed at 1.26% Euro up 1.0% to $1.0242 Top Overnight News from Bloomberg The European Central Bank may consider raising interest rates on Thursday by double the quarter-point it outlined just last month because of the worsening inflation backdrop, according to people familiar with the situation. The French government offered a premium of more than 50% to minority investors in Electricite de France SA, seeking a swift nationalization of the troubled company that is the backbone of the country’s energy policy. The European Commission doesn’t expect Russia to restart a key natural gas pipeline this week, a senior official said, the clearest indication yet that the bloc is bracing for the worst Mining giant BHP Group has joined rival Rio Tinto Group in signaling more turbulence to come for commodities producers as costs balloon and demand for everything from iron ore to copper hits headwinds. A more detailed look at global markets courtesy of Newsquawk: Asia-Pac stocks mostly fell after reports of Apple slowing its hiring and European energy woes stoked growth fears.  ASX 200 was lacklustre amid weakness in tech and with miners choppy after a mixed quarterly update from BHP.  Nikkei 225 outperformed as it played catch up to the prior day's gains on return from the extended weekend. Hang Seng and Shanghai Comp. were pressured amid earnings updates and the COVID situation in China, but with the losses in the mainland stemmed after reports that China is considering a mortgage grace period. KKR does not plan to lead a bid for Toshiba (6502 JT); could still partake as an equity partner in a deal; waiting for more clarity for Japanese government and Co. management, according to Reuters sources. Top Asian News Searing Heat Tests China’s Ability to Keep Its Factories Running Some China High-Grade Builders’ Dollar Bonds Set for Record Lows China’s Covid Cases Near 700 as Shanghai Widens Testing Country Garden Dollar Bond Plunges, Joining China Junk Selloff India Said to Sell Dollars to Meet Gaps as Exchange-Rate Fair European bourses are under modest pressure continuing with the downbeat APAC handover, with pressure from AAPL, ECB sources and IBM impacting. US futures are modestly firmer having already reacted to the AAPL developments, though IBM (-5.0% in pre-market) is impacting. Within Europe, sectors are predominently in the red though Healthcare and Banking names are proving more resilient. French gov't intends to buy the 15.9% remaining EDF (EDF FP) shares and bonds, offering EUR 12.0/shr (12th July  close EUR 10.23/shr); represents an overall value of circa. EUR 9.7bln. Buyout will be followed by a delisting. Top European News UK government won a vote of confidence in the House of Commons (as expected) after five hours of debate with the vote count at 349 vs. 238, according to Sky News UK Chancellor Zahawi said they can and will get inflation back under control, while he added that they must deliver sound public finances and help households with inflation, not push up demand further. Zahawi stated that he will reform Solvency II rules to give insurers more flexibility to invest in infrastructure and aims to repeal hundreds of EU financial regulations and replace them with a UK version, according to Reuters. France Offers to Pay $9.9 Billion for EDF Nationalization UK Braces for Record-Breaking 40°C as Heat Wave Peaks China Disputes Report Xi Invited Europe Heads to Beijing Meeting Central Banks ECB policymakers are to discuss a rate hike worth 25bp or 50bp at Thursday's meeting, according to Reuters sources; hone in on a deal to make new bond purchases conditional on next-gen EU targets and fiscal rules. Some wanted the ESM involved, but this option has now likely been discarded. ECB may consider increasing rates on Thursday by 50bp, via Bloomberg citing sources; due to the worsening inflation situation. Source stressed that it is unclear if there will be sufficient support for a 50bp hike. RBA July Meeting Minutes stated that the Board remains committed to doing what is necessary to ensure inflation returns to the target over time and members agreed further steps would need to be taken to normalise monetary conditions in the months ahead, while it noted that two options for the size of the Cash Rate increase were considered which were raising the cash rate target by 25bps or by 50bps. RBA Deputy Governor Bullock said wages are starting to rise a little more, while she added that they need to get rates up to some sort of neutral and that neutral is a fair bit higher than where they currently are. HKMA intervenes; buys HKD 6.28bln from market as the HKD hits weak end of trading range. FX Antipodean Dollars take advantage of their US rival’s deeper reversal with the Aussie also acknowledging RBA minutes and rhetoric flagging further hikes, NZD/USD breaches 0.6200 and AUD/USD extends above 0.6850 to within a whisker of 0.6900. Euro boosted by sources suggesting ECB might raise rates by 50bp rather than the 25bp signalled for this week, EUR/USD through 1.0200 again and probes 1.0250. Franc rebounds amidst broad Buck retreat and in wake of Swiss trade data showing wider surplus, USD/CHF tests 0.9700 vs high close to 0.9800. Pound peers over 1.2000 vs Greenback again, but labours after mixed UK jobs and wage metrics. Yen firmer through 138.00, but could be hampered by option expiries at the round number (2.72 bn) and key Fib resistance (at 137.52). Loonie lags as WTI sags, USD/CAD straddles 1.2950 after dip below 1.2900 on Monday. Fixed Income EZ debt rattled by hawkish ECB source report with spill-over to German Bobl auction. Bunds recoil from 152.60 to 151.00 before paring some declines. Gilts hold in after mixed UK labour data and decent DMO 2039 sale with the 10 year benchmark between 115.76-03 parameters vs 115.01 prior Liffe close. 10 year T-note towards bottom of 118-05/118-15+ range ahead of US housing starts and building permits. Commodities Crude benchmarks are pressured and continuing to consolidate with fresh developments relatively light for the complex explicitly. White House Adviser Deese expects gasoline prices will continue to fall this month, according to MSNBC. TC Energy issued a force majeure for oil deliveries on Keystone Pipeline after a third-party power outage in South Dakota, while TC Energy said the Keystone Pipeline is operating at reduced rates with no timeline available for the restoration of full-service, according to Reuters. Saudi Foreign Minister says does not see a lack of oil in the market, there is a lack of refining capacity; adds, Russia is a integral part of OPEC+, via Reuters. EU is set to backlist CEO of Russia's zinc and copper giant UMMC, according to a draft document via Reuters. Spot gold is marginally firmer and comfortably above USD 1700/oz as the USD pulls-back while base metals are more mixed after recent upside in copper, for instance.   US Event Calendar 08:30: June Housing Starts, est. 1.58m, prior 1.55m; Housing Starts MoM, est. 2.0%, prior -14.4% 08:30: June Building Permits, est. 1.65m, prior 1.7m; Building Permits MoM, est. -2.6%, prior -7.0% DB's Jim Reid concludes the overnight wrap Well yesterday was the third hottest day on record here in the UK with today likely to be the hottest. My wife can't sleep with even the quietest fan on in our bedroom and I can't sleep without one. Anyone that can solve this riddle for us without resorting to seperate bedrooms please let me know. Although she might be happy with this solution. I’m too afraid to offer it up in case it’s accepted. I’ve actually slept with ice cubes on my back over the last couple of nights. Now there's an image for you all! Just when it looked like the market ice age was showing signs of thawing on hopes for less aggressive central banks and decent early week results, US sentiment turned late in the day following reports that tech giant Apple would be slowing hiring and spending next year, raising the stakes on the tech earnings out this week. So while European equities managed to post a strong gain, US stocks ended the day in the red (S&P 500 -0.84%). Meanwhile, easing fears of a more aggressive Fed hiking path helped Brent crude oil prices (+5.05%) rebound and the 2s10s Treasury curve (+1.8bps) steepen from its recent lows last week, with Brent crude oil prices (-0.41%) only down slightly overnight at $105.83/bbl. As the back-and-forth in sentiment yesterday showed, there are still plenty of obstacles for investors to navigate over the coming days. Not just recession risk but also the ongoing threat of a Russian gas shut-off at the end of the week. Yesterday saw Reuters report that Gazprom had declared force majeure on gas supplies to at least one major customer, with a letter saying that they couldn’t fulfil their supply obligations due to “extraordinary” circumstances. So a concerning sign amidst concerns that issues with the gas flow will go beyond the scheduled maintenance period on the Nord Stream pipeline. Separately, Germany’s Uniper, which is Europe’s largest buyer of Russian gas, applied to extend their €2bn credit line from the state-owned bank KfW, and Bloomberg also reported that a draft EU document warned that a Russian gas cutoff could cut EU GDP by 1.5% in a worst-case scenario, with even an average winter seeing a decline in EU-wide GDP between 0.6% and 1%. To be fair there have been more aggressive forecasts than this. In spite of the bad news there, European assets still put in a strong performance yesterday, with the STOXX 600 gaining +0.93% as the more cyclical sectors and energy led the way. That positive sentiment was also reflected in sovereign bond markets, where yields on 10yr bunds (+8.2bps) saw their largest daily increase in over a week, and the spread of Italian 10yr yields over bunds (-6.5bps) saw their largest daily decline in over a month as investors await the details of an anti-fragmentation tool from the ECB this week. While there was initial optimism in the US, it eventually soured and left the S&P 500 -0.84% lower at the close. The day started with more positive earnings than we had from financials last week, with Goldman Sachs (+2.51%) and Bank of America (+0.03%) posting better than expected results after last week’s lackluster showing from financials. They traded as much as +6% and +3.5% higher at the open, respectively, before fading later in the day. Tech stocks were a microcosm of the broader index performance on the day. The NASDAQ was as much as +1.5% higher while the FANG+ was more than +3% higher on the early morning optimism, only to turn following news that Apple would be slowing hiring and spending in 2023, stoking fears about the broader macro outlook. The NASDAQ and FANG+ eventually closed -0.81% and +0.06%, respectively. Netflix reports tonight so all eyes on that after two spectacularly bad earnings day equity performance so far this year. In the S&P 500, cyclical stocks still managed to outperform defensives; energy was the clear outperformer, up +1.96%, while discretionary and materials, up +0.22% each, were the only other sectors in the green, and heath care led declines (-2.15%). Treasury yields still managed to climb, and the curve managed to steepen as mentioned, though 10yr yields came off their intraday highs of +10.2bps to finish +7.0bps higher at 2.99%, and this morning they’ve shed a further -2.0bps to come down to 2.97%. With the Fed widely expected to raise rates by 75bps again next week, the latest round of housing data provided further evidence that their tightening cycle is beginning to have a significant impact, with the NAHB housing market index plummeting to 55 in July (vs. 65 expected). That’s the worst reading for the index since the initial wave of the Covid pandemic in May 2020, and if you exclude the pandemic plunge, you’ve got to go back to early 2015 for the last time that sentiment was worse. Furthermore, the 12-point decline relative to July was the largest one-month drop since the series began, with the exception of April 2020 as the world went into lockdowns, so a faster monthly drop even relative to what we saw during the GFC. Markets in Asia are struggling this morning following that overnight sell-off on Wall Street, with major indices trading in negative territory including the Hang Seng (-1.11%), CSI (-0.70%), Shanghai Composite (-0.30%) and the Kospi (-0.23%). The main exception to that is the Nikkei (+0.71%), which is catching up from yesterday’s holiday. As well as the more negative newsflow from the US, China also reported 699 Covid cases on Monday, which is the highest daily number since May 22. Separately, yields on 10yr Australian government bonds are up +7.0bps after minutes from the RBA’s recent meeting revealed that the board saw current interest rates as being “well below” the neutral rate, indicating that further rate hikes will be needed to return inflation to the target over time. Looking forward, there are signs that the selloff has stabilised for now, with S&P 500 futures (+0.12%) pointing slightly higher In terms of the Tory leadership race we are now down to four candidates after Tom Tugendhat was eliminated from contention yesterday. The next rounds of voting are today and tomorrow, by which point there’ll be just two candidates that’ll be voted on by the wider party membership over the coming weeks before a new leader/PM is announced in early September. The government also won a vote of confidence in the House of Commons yesterday, by 349 votes to 238. To the day ahead now, and data releases include UK employment data for June, US housing starts and building permits for June, and the final CPI reading for June from the Euro Area. Central bank speakers include BoE Governor Bailey and the ECB’s Makhlouf. Earnings releases include Johnson & Johnson, Lockheed Martin and Netflix. And in politics, there’s another ballot of UK Conservative MPs as they select their next leader and the country’s next Prime Minister. Tyler Durden Tue, 07/19/2022 - 07:59.....»»

Category: blogSource: zerohedgeJul 19th, 2022

52 thoughtful gifts you can get on Amazon for less than $50

A more expensive gift isn't always more meaningful. Here are 52 Amazon gifts under $50 that you'll love to give and others will love to receive. When you buy through our links, Insider may earn an affiliate commission. Learn more.A more expensive gift isn't always more meaningful. Here are 52 Amazon gifts under $50 that you'll love to give and others will love to receive.AmazonA kind and thoughtful gift doesn't necessarily need to be expensive. With Amazon's wide array of knick-knacks, handy gadgets, budget beauty staples, and useful home goods, that perfect present you're looking for may only be two days of Prime shipping away — and all without breaking the bank.Below, we've rounded up some of the best gifts under $50 for every recipient and occasion. From cute waffle makers to portable karaoke microphones, you're sure to find the right gift for your loved one's special occasion.Check out 52 cool gifts under $50 on Amazon:A convenient Echo Dot with an alarm clockAmazonEcho Dot, $49.99Even if your giftee isn't super into tech, this compact Echo Dot features Alexa for hands-free information and entertainment, plus a digital alarm clock that beats using their phone. It's also one of the best products we've ever tested.Homemade breakfast made with a heart-shaped waffle makerAmazonDash Mini Waffle Maker Machine, $16.99Get up early, and make your friend, significant other, or family member heart-shaped mini waffles for breakfast. The Dash Mini Maker is compact enough to keep for special occasions without cramping your kitchen, too.  A smart home camera at a fraction of the costAmazonWyze Alexa-Enabled Smart Home Camera, $35.98The Wyze v3 Camera is a popular and affordable smart home option that rivals expensive models. It's Alexa- and Google Assistant-enabled and lets you view the footage anywhere on your mobile device.  Read our full review of the Wyze v3 Camera here. A PopSocket that reflects their interestsAmazonPopSockets Donut PopGrip, $16.99Not only are PopSockets a great way to grip a phone more easily or use as an impromptu stand, but they're also fun ways for people to express themselves. Amazon offers plenty of variations, from a movable vinyl record to a neon doughnut.A durable, inexpensive Fire tabletAmazonFire 7 Tablet, $29.99Amazon's Fire tablets are a relatively great deal for a tablet if you're not looking for anything super high-performance driven or luxe. For the average user, they're a good fit. It's Alexa-enabled, so you can ask for quick access to music and entertainment or messages and calling, and it has up to seven hours of battery life. You can shop the latest versions for a bit more money here.A touch control bedside lampAmazonYarra-Decor Touch Control Table Lamp with USB ports, $29.99Home feels more comfortable and serene for them with this bedside lamp. The dimmable lamp is touch control with three brightness options and has two USB charging ports.A digital camera that instantly prints your memoriesAmazonKodak Printomatic Digital Instant Print Camera, $49.99Instead of waiting on photos, this digital camera instantly prints those precious memories. Each moment is captured on 2 x 3" photos that are in full-color and durable, where they are tear and water-resistant. This convenient device can also save the photos to a MicroSD Card. A cast-iron skillet for home chefsLily Alig/InsiderLodge 10.25-Inch Cast-Iron Skillet, $19.90This 10.25-inch cast-iron skillet is one that became minorly famous online. Lodge has been making cast iron cookware since 1896, so they've learned a thing or two about what makes a great kitchen tool. Really durable fetch balls for their furry friendAmazonChew King Fetch Balls (8-pack), $17Whether you have a dog (or need to give someone with a dog a gift that will last), these balls are worth checking out. They're lightweight, bouncy, and durable enough to stand a big dog's chew. They make a great gift for the dog-parent or fetch-loving pup in your life.A portable and waterproof speakerAmazonAnker Soundcore 2 Portable Bluetooth Speaker, $39.99This wireless Bluetooth speaker is waterproof, durable, and easily portable. It has 24 hours of playtime and maintains sound quality even at high volumes. A cold brew coffee makerAmazonTakeya Deluxe Cold Brew Coffee Maker, $27.99This cold brew maker is as inexpensive as it is convenient, and it can even save hundreds of dollars per year. It easily fits into most refrigerator doors, is simple to use, and makes a good amount of cold brew at once. If they need more than one quart, there's also a two-quart option under $40. Read our full review of the Takeya Deluxe Cold Brew Coffee Maker here.Highly rated in-ear earbudsAmazonPanasonic ErgoFit In-Ear Earbud Headphones, $9.28Whether for everyday use, the gym, as a backup, or just for travel when Bluetooth headphones won't connect to the in-flight entertainment, there are ample uses for really solid in-ear buds with a stereo plug. This pair has an extended cord and three sets of ear pads for the perfect fit.The cult-favorite clay mask that took over the internetAmazonAztec Secret Indian Healing Clay Facial & Body Mask, $14.95The Aztec Clay Mask is one of those cult-favorite products of the internet that's driven from the obscure depths of Amazon to beauty vlogs, Youtube testimonials with over 4 million views, and even the Sephora beauty blog. It's been called "the world's most powerful facial," and it's also under $10. It can be mixed with water, but it works best with a little bit of apple cider vinegar.Read our full review of the Aztec Secret Indian Healing Clay Facial & Body Mask here.An electric bottle openerAmazonOster Cordless Electric Wine Bottle Opener with Foil Cutter, $21.24This slim device cuts foil and uncorks wine bottles seamlessly, then stows easily out of sight. It has to be charged, but it'll open 30 bottles per charge. A universal USB wall charger that fits four devicesAmazonAnker 4-Port USB Wall Charger with Foldable Plug, $31.99Double the outlet space with this four-port USB wall charger. Its advanced charging capacity also means tech devices will charge faster than average.A fancy charcuterie board setAmazonSmirly Cheese Board and Knife Set, $39.99This elegant cheese board compliments extravagant get-togethers at home with a refined serving experience. It's not difficult to create a charcuterie masterpiece on this board set that includes a slide-out drawer with four knives as well as a serving tray and tools. A milk frother so they can make their favorite coffee or hot chocolate drinks from homeAmazonPowerLix Milk Frother, $10.99A milk frother is an unexpectedly convenient tool to have around the house, and it can make an otherwise normal cup of coffee or hot chocolate closer to what you'd buy at the cafe. With it, they can make lattes, cappuccinos, and frothy coffees every morning for less.A relaxing weighted blanketAmazonYnM Weighted Blanket, $49.80Gift a peaceful night's sleep with this calming blanket that comes in 40 colors and 15 various sizes and weights. Its seven-layer system includes tiny beads that deliver a contoured but comfortable fit to your body.Read our full review of the YnM Weighted Blanket here.A media streamer that can turn a basic TV into a smart oneRokuRoku Streaming Stick 4K, $39The Roku Streaming Stick 4K is a reliable media streaming stick that can convert a basic TV into a smart one that can stream Netflix, Prime Video, Hulu, and more. It includes a voice remote, too, for simple search and control.Read our full review of the Roku Streaming Stick 4K here. A tough, wind-resistant umbrella they can rely uponAmazonRepel Windproof Travel Umbrella, $22.95Hear me out. It may seem boring, but everybody needs an umbrella, and this is way better than whatever version they bought the last time they veered into a CVS while it was raining. We think it's the best umbrella you can buy thanks to how well it resists wind and how long it lasts, and they'll find themselves thankful for it often. A comfy polyester bathrobeAmazonNY Threads Men's and Women's Polyester Bathrobe, from $17.84If looking to stay warm, this ultra-soft polyester bathrobe is perfect to relax and lounge in for the cold months. It features front pockets and an adjustable waist belt for a snug fit. The gift of lightAmazonAIXPI LED Ring Light, $17.99Give the gift of light with Insider Reviews' best budget ring light. This simple, easy-to-use light has everything that phone videographers need to get started. It includes a tripod setup that's easy to move and adjust to your angles. You can also toggle between its three different light settings — white, warm yellow, and warm white — to find your perfect glow. A stylish bucket hat for any seasonAmazonThe Hat Depot 300N Unisex Bucket Hat, from $11.99They'll appreciate this bucket hat that's both trendy and protective. It comes in just about any pattern and color — neons, tie-dyes, camos, and neutrals are just a few of the options. This hat is made of 100% cotton and includes eyelets for a more breathable feel. Plus, the nearly 2.25-inch brim will keep their skin and eyes protected from the sun.A coffee table that's more than just decorAmazon"Humans" by Brandon Stanton, $17.50A coffee table book is a great housewarming gift. But this hardcover book does more than just look pretty. It's an expansion of Brandon Stanton's "Humans of New York" photography project. Page after page follows Stanton's travels across the world, documenting portraits and short, but impactful stories of the people he's encountered. An all-in-one wallet for the jetsetterAmazonZoppen Travel Passport Wallet, $14.99With more people getting vaccinated and travel restrictions lifting, this wallet will help them prep for their next trip. It holds passports, boarding passes, credit cards, and every other essential in one slim design.A versatile Japanese BBQ sauceAmazonBachan's Barbecue Sauce, $8.99An Amazon bestseller, this vegan Japanese BBQ sauce tastes like a more complex, less sweet teriyaki sauce and pairs amazingly with everything from pizza to eggs. One of our editors loves it so much that she auto-subscribed to get it delivered every other month.A portable touchscreen vanity mirrorAmazonNezzoe Touchscreen Vanity Mirror, $22.99This touchscreen vanity mirror enhances any facial ritual from glam, skincare routines, to shaving. It makes your face clearly visible with its 33 radiant LED lights and works up to 250 minutes on a full charge. The portable device offers comfortable viewing angles at 30 or 100 degrees at adjustable brightness levels. A small toiletry bag for the avid travelerHerschelHerschel Chapter Toiletry Kit, from $28.95If they're getting back into traveling, you can't go wrong with gifting them a toiletry bag. They can ditch the plastic bags or pouches that aren't even waterproof. This toiletry kit has a waterproof main compartment, an internal mesh storage sleeve, and a leather accent on the zipper. Plus, it's small enough to fit into their backpack, work bag, or carry-on. A Bluetooth microphone to sing karaokeAmazonWireless Karaoke Microphone, $17.99It's a gift for everyone to enjoy, whether or not you can carry a tune. You can connect your phone and play music through the microphone's speakers, and turn the volume up and down depending on your comfort. It's the perfect thing to shake up a night in or to break the ice at a gathering.A wooden caddy tray for the world's most luxurious bathAmazonRoyal Craft Luxury Bathtub Caddy, $35.97Few things are as luxurious as a long bath filled with plenty of activities and treats. This one is waterproof, slip-resistant, and designed to accommodate one or two bathers at once. A portable cooler bag for spring and summer excursionsAmazonLifewit Collapsible Cooler Bag, $32.99Look no further than this convenient, hefty, and compact cooler bag. They can travel in style to spring and summer picnics, camping trips, and beach days. The padded handle and removable shoulder strap make it comfortable to carry, while its ability to collapse makes it easy to store. It's also large with a 24-liter capacity, meaning they can fit all of their essentials in one insulated bag.A delicious gift basket of caramel, chocolate, and crunchy gourmet treatsAmazonChocolate, Caramel, and Crunch Grand Gift Basket, $42.95For less than $40, you can gift gourmet chocolates and caramels pre-wrapped in a keepsake basket. The set includes seasonal favorites like caramel corn, chocolate pretzels, and peanut brittle. A highly rated pump with universal wine stoppers to keep open bottles fresh for longerAmazonThe Original Vacu Vin Wine Saver with Two Vacuum Stoppers, $16.99This hyper-popular pump and universal wine stopper set keep open bottles of wine from prolonged exposure to the air, which is what causes the breakdown of its character and taste. This version makes a "click" sound when the user has managed to create an airtight seal.An ambient moon lampAmazonDTOETKD Multi-Color Moon Lamp, $15.99Earning the title as Insider Reviews' best multi-color moon lamp, this light basks the room in 16 different soothing hues. Its wooden stand props up the 3D moon and, thanks to its sleep timer, you can fall asleep to its glow without needing to worry about leaving it on all night. A notebook that they can fill with their favorite travel memoriesAmazonMaleden Spiral Bound Traveler Notebook, $13.47If they're always recounting memories from their favorite trip, a travel journal is an excellent place for them to put all of these stories to paper. This particular model comes with binder rings, so they can easily include tickets, photos, and other mementos.Ear protection for concert-goersAmazonMumba Concert Earplugs, $19.95Live music events can be pretty damaging to your hearing — any regular concert-goer can attest to that. These earplugs protect the wearer from damaging volumes without dampening the music. They even come with a handy case that you can keep on a keychain. A watercolor set that's great for beginnersAmazon/Business InsiderNorberg & Linden Watercolor Paint Set, $15.99Everything they need lives in this watercolor starter kit: a 36-color palette, a 12-page watercolor pad, and six brushes of various sizes. Not only does this set contain all of the essentials for a newcomer, but it's also portable. The pad measures 5.5 inches x 8.5 inches, and the watercolors themselves come in a lightweight, covered pan. Family and friends of all ages can enjoy painting with this kit.Fluffy slippers that feel and look like a cloudJacqueline Saguin/InsiderParlovable Faux Fur Slippers, from $19.49The Parlovable Faux Fur Slippers are among our favorite slippers for lounging around the house. They make your feet feel — and look — like clouds thanks to the faux fur upper and memory foam sole.   A slime-making kit for kids (and nostalgic adults)AmazonDIY Slime Kit, $15.09Amazon has pretty much every kid-friendly DIY kit imaginable, and this slime kit helps kids learn a little science as they combine ingredients, dye, and even glitter to make their creations. Plus, for any parents nostalgic about their own childhood buying and playing with slime, this makes for a fun activity to do together.A streamlined apron in their favorite colorAmazonAobbybbs Linen Crossback Apron, $18.99This pinafore-style apron is designed to slip on without any ties. It's great for protecting your clothes while in the kitchen, and it's cute to boot. This affordable version is similar to the Magic Linen Apron that we recommend.A foot massager to ease stress and painAmazonHoMedics Triple Action Shiatsu Foot Massager, $49.99After long days on their feet, they'll appreciate this foot massager gift. We name this one the best budget option in our guide to the best foot massagers for a reason. It can be used on all parts of the foot and parts of the body, is relatively compact, and is easy to store. Their feet will thank you for the endless massages that come with this gift. A cocktail shaker for the one who likes to get creative in the kitchenConnie Chen/InsiderBrüMate Shaker, $34.99With summertime upon us, there's no better gift than a cocktail shaker for the one who loves to create new drinks. This particular one has even been named the best cobbler option in our guide to the best cocktail shakers. We love this shaker because it doubles as a drinking vessel, is triple-insulated, has a built-in strainer, and comes in a bunch of colors. A portable picnic blanketAmazonOniva Outdoor Picnic Blanket Tote XL, $26.99The Oniva Outdoor Picnic Blanket Tote is a huge blanket that fits six people easily. Our Insider Reviews team loved it so much, they named it the best picnic blanket overall. Its soft fleece interior has water-resistant backing that folds up quite compact.A candle that pays homage to their favorite place on EarthAmazonHomesick Candles, $33.99Gift them a candle customized to smell like their beloved hometown, college town, or favorite getaway. Read our full review of Homesick Candles here. A hair turban that will cut drying time in halfAmazonAquis Original Microfiber Hair Turban, $20.49Aquis' cult-favorite hair towels have inspired a slew of rave reviews online, including one from our own team of product reviewers.The towels are made from a proprietary fabric called Aquitex that's composed of ultra-fine fibers (finer than silk) that work to reduce the amount of friction the hair experiences while in its weakest state. It also prevents hygral fatigue — the stretching and swelling of wet hair that makes it vulnerable to frizz and damage — by cutting the hair's drying time by 50%.A journal for maximizing productivity and organizationamazonLux Productivity Daily Planner, $23.31For the high achiever in your life, this productivity journal can help further motivate them to be their best self. This journal's undated, daily layout provides priority templates to get them headed in the right direction to accomplish their many goals. It also includes extra space for them to jot down their ideas, future tasks, and inspirations.A foldable helmet for the bike commuterPriority BicyclesClosca Foldable Bike Helmet, $39.90One of the best products we've ever tested and the best gifts we've ever given, this lightweight bike helmet neatly folds down to about half its size and can easily be stashed in a backpack when not in use. DIY manicures with professional resultsAmazonBeetles Gel Nail Polish Starter Kit, $27.99Gel polish typically lasts longer than traditional nail polish and dries instantly under UV lighting, but it requires some additional gear to use. This kit includes everything you need to do your own nails at home.A pan that makes ice cream in minutesAmazonChef'n Sweet Spot Ice Cream Maker, $54.95For a simple and quick way to make ice cream, you'll want to surprise them with this ice cream maker. There's no electricity, buttons, or tech involved, making it a great gift for anyone, even those with children. It's basically a quick-freeze shallow metal bowl that freezes your ice cream batter in a matter of minutes. You can read more about why we love this product, in our guide to the best ice cream makers. A charging case that protects and charges wireless devices on the goAmazonMophie Wireless Power Capsule External Battery Charger, $19.31This compact, portable case charges wearables like the Fitbit Flex, Beats by Dre, and JBL Wireless Earbuds on the go. The 1,4000 mAh rechargeable battery translates to about 60 hours of audio playback in wireless earbuds. A vintage puzzle that doubles as cute home decorAmazonCavallini Papers & Co. Butterflies 1,000 Piece Puzzle, $28.99All the puzzle lovers in your life will be beyond grateful for this gift. From house plants to constellations, Cavallini Papers & Co. puzzles are both challenging and aesthetically pleasing. Once they're done, they can frame it and hang it up as wall decor. A jade roller for the beauty enthusiastAmazon/Business InsiderGinger Chi Jade Roller, $23.99They can pamper themselves on the regular with this jade roller from Ginger Chi. It's made from 100% certified Xiuyan jade along with silver nickel. The double-sided roller helps to reduce puffiness and increase elasticity, with a larger end to use all over your face and a smaller end for tighter areas. A travel pouch and a tester of the brand's Regenerating Serum also come with the jade roller, making it perfect for novices and travelers alike. This product has even earned a spot as best for beginners in our guide to the best jade rollers.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJul 7th, 2022

"I"m thankful I was part of it": the Tesla workers who still believe in Elon Musk"s vision despite being sacked

Adam Ryding, who joined Tesla in 2016, says some of his sacked colleagues might be "mad or frustrated, but I'm not. I'm thankful I was part of it." Elon Musk has told Tesla managers to stop recruiting.Frederic J. Brown/Getty Images Tesla has been cutting jobs after Elon Musk said he had a "bad feeling" about the economy. Workers say they are grateful to have worked for the company despite being let go. One former senior employee said it had been an honor to work with so many talented people. Tesla has been cutting workers since CEO Elon Musk declared in June that he wanted to reduce the workforce by 10% but the reaction, in some cases, has been surprising. Insider has found a number of LinkedIn posts from Tesla employees praising their experience working on Musk's vision of an electric future - despite being laid off. Monier Ziain, who worked in the autopilot division, said in a post that it was an honor to work with so many talented people. Tesla laid off an estimated 200 workers in the division and closed an entire office in San Mateo, Calif.She said: "During the past year and a half, I worked for a company where I genuinely believed in what we were doing. I felt a great sense of pride to work on a project that marks the beginning of future transportation and a full sense of pride in knowing we were the first."An engineer in the autopilot division wrote,  "it was the hardest, most time consuming, and most stressful work I've ever done, but I wouldn't trade the experience for anything", adding that working on the navigation system was one of his greatest achievements.Some described their time as a journey like no other. Adam Ryding said he joined Tesla in 2016 when it only sold the Model S: "Some of us (the 10%) might be mad or frustrated, but I'm not. I'm thankful I was part of it, got to learn so many new things and I wish all of my former colleagues the best (no matter what)."One Tesla data annotation specialist said in a post: "There is some magic that happens when working hard alongside good people in a tough situation. That magic manifests in various and sometimes unconventional ways. I saw it in our chat channels and shared jokes, trying to make light of difficult and tedious work."Another former employee said of her colleagues: "They are artistic, they have sharp eyes, they are emotionally intelligent, and made even the slowest days at work enjoyable because they are good, kind people who look out for each other and know how to keep morale up."Aaron Mendoza even said that his layoff "is just a blessing in disguise" that will allow him to enter a field more "suited to my interests and skillset."Not all are praising Tesla however. A former XR developer said he believes there were "a lot of systemic issues at play here."Meanwhile, Insider also found a number of recent posts from new Tesla joiners despite Musk asking executives to pause hiring worldwide.  Read the original article on Business Insider.....»»

Category: dealsSource: nytJul 4th, 2022

Papago Plaza developer eyes Sprouts as grocery tenant of Scottsdale project, targets mid-2023 opening

Pivot Development is negotiations with breakfast, juice and burger concepts as well as a Greek restaurant to fill out the remainder of the space. Here's the latest on the revamped mixed-use center in south Scottsdale......»»

Category: topSource: bizjournalsJun 21st, 2022

Wood Partners & CP Capital US Expand Partnership with Groundbreaking of Luxury Residential Community Near Atlanta: Alta North

Leading national multifamily real estate developer Wood Partners today announced the groundbreaking of its latest high-end residential community—Alta North—less than an hour from downtown Atlanta in Cumming, Georgia. The new community will be developed as a joint venture with CP Capital US, a highly disciplined U.S. real estate manager specializing... The post Wood Partners & CP Capital US Expand Partnership with Groundbreaking of Luxury Residential Community Near Atlanta: Alta North appeared first on Real Estate Weekly. Leading national multifamily real estate developer Wood Partners today announced the groundbreaking of its latest high-end residential community—Alta North—less than an hour from downtown Atlanta in Cumming, Georgia. The new community will be developed as a joint venture with CP Capital US, a highly disciplined U.S. real estate manager specializing in multifamily investments. It is scheduled to open in late 2023 with pre-leasing officially starting in Fall 2023. Situated at the intersection of GA 400 and Settingdown Circle in Forsyth County, Alta North will provide future residents with an array of nearby dining and retail options, as well as access to Atlanta’s city center less than an hour away. The forthcoming community will be part of a larger planned development, which will bring more than 15,000 sq. ft. of commercial space and a new public road connecting the adjacent residential development to the north to Settingdown Circle.  “Atlanta has been one of the country’s best performing rental markets since the onset of the pandemic, due to the region’s strong economic growth and in-migration,” said Kristi Nootens, Vice President of Investments at CP Capital US. “We are excited to continue our long-standing partnership with Wood Partners to deliver a top-tier multifamily project in the booming market of Forsyth County.” Once complete, Alta North will feature 310 one- and two-bedroom apartment homes across a combination of 3-story and 3/4 split buildings. Boasting luxurious, modern finishes, each of Alta North’s apartment homes will come outfitted with rich wood-style plank flooring, top-of-the-line stainless steel appliances including microwave hoods, undermounted single bowl sinks, and designer tile backsplashes to offer residents a relaxing and welcoming place to call home. Additional high-end features include full-sized in-home washer and dryers and beautiful granite countertops in both the kitchen and bathrooms. Outside of their homes, residents will be able to take advantage of Alta North’s best-in-class community amenities, including a resort-style swimming pool with a tanning ledge, multiple grilling stations and fire pits throughout the property, and an on-site pet park and pet spa. Within the community clubhouse, residents will also have access to a 24/7 state-of-the-art fitness center, lounge and social gathering areas, and rentable office spaces for co-working. “Wood Partners is thrilled to continue its expansion within the Metro Atlanta market with the groundbreaking of our newest community—Alta North,” said Bennett Sands, Managing Director. “Alta North presents a prime opportunity for Wood Partners to capitalize on the on-going growth across Georgia, and we look forward to continuing to play a positive role in the area’s development by delivering Wood Partners’ signature mix of comfort and luxury to future residents.” Wood Partners has partnered with CP Capital, formerly known as HQ Capital Real Estate, on 22 development projects in the past, most recently Alta 99th in Phoenix, Arizona.  The post Wood Partners & CP Capital US Expand Partnership with Groundbreaking of Luxury Residential Community Near Atlanta: Alta North appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyJun 12th, 2022

Fortune International Group & Blue Road Launch Nexo Residences

In an era of hyper-connectivity, contemporaries seek immediacy in all their lifestyle needs, from convenience to location and technology. Fortune International Group – one of South Florida’s preeminent residential real estate development, sales and marketing leaders for nearly 40 years – in partnership with Blue Road – the Florida-based integrated developer of hospitality, residential, commercial,... The post Fortune International Group & Blue Road Launch Nexo Residences appeared first on Real Estate Weekly. In an era of hyper-connectivity, contemporaries seek immediacy in all their lifestyle needs, from convenience to location and technology. Fortune International Group – one of South Florida’s preeminent residential real estate development, sales and marketing leaders for nearly 40 years – in partnership with Blue Road – the Florida-based integrated developer of hospitality, residential, commercial, and mixed-use projects – today announced the sales launch for Nexo Residences. The property, featuring 254 residences, is one of the first condo projects with short-term rental capability in the rapidly growing city of North Miami Beach, adding to the area’s economic growth currently underway. Located at 13899 Biscayne Boulevard, it presents move-in-ready residences with full home-sharing capabilities without restrictions, coupled with resort-style amenities.  Nexo, meaning “nexus” in Spanish, is the ethos of the brand, as a central point that links two or more things. The connection to all essentials is a key factor when today’s short-term renters select their next stay, reinforcing the unique opportunity for buyers to benefit from this notion within the budding submarket. With exclusive sales and marketing by Fortune Development Sales, Nexo Residences’ units will be delivered turnkey. Priced from the $400,000s, studios to four-bedroom townhomes range from about 525 to 2,190 interior square feet. Each homeowner has the choice to rent his/her residence for short-, seasonal or long-term durations without listing limitations, making it a coveted property type for investors, while enjoying the option to utilize it at their own discretion or for personal leisure. “Nexo Residences will serve as the premier short-term rental offering in North Miami Beach, an area that has been underserved in hotel and rental product; most projects of this kind concentrate in Downtown Miami and Brickell,” said Edgardo Defortuna, president and CEO of Fortune International Group. “This booming submarket continues to draw residents and visitors for its nearby office parks, universities, shops, and dining. We envisioned the project as a complement to its surroundings, while activating the property with thoughtful features and technology that speak to the future of real estate.” “Understanding the consumer demand to be at the nexus of everything, we chose a location that allows residents to take advantage of all the experiential offerings in the neighborhood, with the added benefit and comfort of hotel amenities and services,” added Jorge Savloff, CEO of Blue Road. Each turnkey residence is fully finished with floor-to-ceiling windows, porcelain flooring, built-in bedroom closets, dedicated lockable owners’ closets, and expansive balconies with glass railing. European-style kitchens are outfitted with quartz countertops and matte black fixtures for a modern look. Enhanced digital features, such as smart key access, a self-service package system, and Wi-Fi throughout the common areas, provide ease for owners and guests. Additional tech-driven management systems to further elevate the transient experience will also be introduced in the future.   Blending the necessities of remote work life with inspiration from South Florida as a year-round vacation destination, Nexo Residences’ suite of amenities includes a two-story arrival lobby and lounge, which will be an impressive visual experience upon entry to the building. A two-story tech hub with a café, coworking spaces, and a business center make work a breeze, while entertainment offerings include an outdoor children’s playground, multi-purpose clubroom and private event area. Health enthusiasts can relish the indoor/outdoor fitness center with a yoga studio and virtual trainer. To enjoy Miami’s sunshine, visit the luxury pool deck complete with a resort-inspired pool and two spa pools with loungers, or meet friends in the summer kitchen, followed by stargazing on the rooftop observatory deck. Additionally, residents can rest assured that their four-legged friends are welcome in the pet-friendly building.  The project is designed by Frankel Benayoun Architects Inc, with consultation from internationally-renowned architect Carlos Ott. Its common areas, residence interiors, and landscaping are curated by Urban Robot, the local, full-service design collective behind some of the city’s leading hotels and retail concepts, including W Hotel South Beach, the Gucci Flagship in Miami’s Design District, and Oasis Wynwood. Nexo Residences is in proximity to a plethora of business and leisure offerings in Miami, Bal Harbour, Aventura, North Bay Village, Sunny Isles, Hollywood Beach, and beyond. The property is ideally set along the main thoroughfare of Biscayne Boulevard, minutes from the Intracoastal, and is nearly equidistant to both Miami International Airport and Fort Lauderdale-Hollywood International Airport. Owners and guests can easily shop at brands like Whole Foods and Target, or indulge in fine dining, shops, and entertainment at surrounding retail centers, including Bal Harbour Shops and Aventura Mall, which recently underwent a multi-million-dollar expansion. The project is also near popular outdoor recreational areas and green spaces, like Oleta River State Park and Haulover Park. For more information, please visit www.nexoresidencesmiami.com. The post Fortune International Group & Blue Road Launch Nexo Residences appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyApr 25th, 2022