Advertisements


Domino"s reduces number of wings in carryout deal

The company's CEO recently discussed how various issues have caused the company to reduce the number of wings in the popular $7.99 carryout deal from 10 to eight......»»

Category: topSource: foxnewsJan 14th, 2022

32 cheap tech gifts under $25, from smart bulbs to wireless earbuds

These are the best cheap tech gifts under $25, including speakers, earbuds, cables, wireless keyboards, accessories, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.There are plenty of great tech gifts available for under $25.Alyssa Powell/Business Insider Tech gifts can be expensive, but there are tons of affordable options out there for shoppers on a budget. Some gift ideas under $25 include the Tile Mate Bluetooth Tracker, Fire TV Stick, and more. For more recommendations, check out all of our gift guides. Tech products make great gifts, as there are plenty of cool gadgets and accessories available in the $25 and under range.These affordable items are often designed to solve little problems or complement other products, making them easier to use. Better yet, they're usually things that friends and relatives never think about getting for themselves, making them excellent gift ideas.For under $25, you can find all sorts of fun, useful, entertaining, and creative tech gifts. With different needs in mind, we rounded up several budget-friendly products perfect for that special tech fan in your life. You'll probably find a little something for yourself in here, too.A streaming device to bring popular apps to any TVAmazonAmazon Fire TV Stick with Alexa Voice Remote, available at Amazon, $19.99This inexpensive media device brings access to apps like Netflix, Hulu, Disney Plus, and many more to any TV with an HDMI port. It can also make an older smart TV that's become sluggish feel snappy again.The Fire TV Stick plugs right into your TV's HDMI input and includes an Alexa voice remote. This model maxes out at HD quality, though, so you'll need to pay more for a device that can stream in 4K.A pair of wireless earbudsBest BuyJlab Go Air Pop True Wireless Earbuds, available at Best Buy, $14.99There's no need to spend big to ditch the wires and get on the popular wireless earbuds train. The Jlab Go Air Pop may lack premium features like noise cancellation, but they do a great job focusing on the basics and punch way above their price tag in sound quality. Jlab says the earbuds get a total of 32 hours of music playback, with the case's charge included. We also love the built-in USB charging cable that means you'll never have to fish for a cable when you're out and about. More storage for their Nintendo SwitchAmazonSanDisk 128GB microSDXC Card for Nintendo Switch, $20.95Nintendo's standard Switch model comes with a paltry 32GB of storage space, which can easily become full with just a few games. This SanDisk 128GB microSDXC card quadruples the console's storage space, and it has all the proper standards so you know it'll work with any Nintendo Switch. A high-speed HDMI cable ready for next-gen gamingAmazonAmazon Basics 48Gbps HDMI 2.1 cable (6 feet), available on Amazon, $9.74Between streaming boxes, video game consoles, Blu-ray players, AV receivers, and computers, there's never a shortage of devices we need to plug into a TV or monitor. HDMI cables always come in handy, and this Amazon Basics high-speed model is rated for all the latest and greatest video specifications. With a bandwidth capability of 48Gbps, this HDMI 2.1 cable will properly transmit 4K and HDR content, even at 120Hz. This makes it a great fit for next-gen gaming consoles like the PS5 or Xbox Series X. A plug-in for more Wi-Fi coverageAmazonTP-Link AC750 Wi-Fi Extender, available on Amazon, $23.99Wi-Fi signals can sometimes struggle to reach every corner of large living spaces. This can be especially challenging if you're working from home. The TP-Link AC750 WiFi Extender can plug into most common outlets to cover up to 1,500 square feet in your home. After you hit the WPS button on your home router, you'll have to hit the range extender on your TP-Link device. After that you'll be able to get dual-band speeds of up to 750 Mbps in otherwise difficult-to-reach areas in your home.A charger without the hassle of untangling wiresAmazonYootech Wireless Charger, available on Amazon, $12.99The Yootech Wireless Charger covers a number of bases. It supports a 7.5W charging mode for select iPhones, a 10W charging mode to cover select Samsung Galaxy Notes, and a 5W charging mode for Google Pixel models and other Qi-chargeable phones.As long as these types of phones have a case less or equal to 4 mm, the charger should be able to charge them. And aside from smartphones, the charger will let you charge AirPods and AirPods Pro as well.A fun phone caseCase MateCase-Mate Phone Cases for iPhone and Samsung, available on Amazon, from $19.95For the colorful types out there, Case-Mate has a wide range of cases for iPhones and Samsung phones, including ones that are iridescent, full of glitter, or covered in real pressed flowers. Colorful, shiny, and glittery isn't everyone's style, and Case-Mate has a selection of more reserved and sleek cases, including leather cases, clear cases, and stylish plastic cases that offer protection for that person who simply won't get a case for themselves.Keep in mind, however, that while Case-Mate offers several models in the $25 and under range, some of its cases do exceed that budget, including some of its new iPhone 13 models.A ring light to upgrade your Zoom callsAmazonLED Ring Light with Tripod Stand & Phone Holder from UBeeSize, $21.99Now that working from home has become more common, we're relying on video calls more than ever — often in less than ideal lighting conditions. This ring light can help improve the quality of your daily Zoom calls with three different lighting modes, a tripod for your phone, and a Bluetooth remote so that you can control your phone while it's in the stand.Give AirPods a protective homeInsignia / Best BuyInsignia Case for Apple AirPods Pro, starting at $11.99This AirPods Pro case by Insignia is a super easy and inexpensive gift that AirPod owners will appreciate. The case is made of protective silicone that not only prevents scratches and damage from drops and impacts, but reduces the amount of dirt and dust that can make its way into an AirPods charging case. The carabiner is a great little touch that lets the user attach their AirPods case to anything they often carry out with them. It's a nice solution to keep AirPods where you know they'll always be found. The case is available in a variety of different colors, too.A desk stand for your phone that doubles as a chargerAmazonAnker Wireless Charger, available on Amazon, $19.99This desk stand from Anker makes it easy to prop up your phone on any surface and wirelessly charge it at the same time. It can charge Android phones at up to 10W charging speeds, and iPhones up to 7.5W. A PopSocket gripPopSocketPopSocket Grip, available on PopSocket, from $8PopSocket grips stick on the back of any phone or tablet to provide a comfortable grip, but they can also be used as a stand. The thing that makes PopSockets so giftable is their affordability and sheer usefulness — people love them, as they help devices keep more secure in your hands and help prevent accidental drops. That, and they come in so many different styles. You can give your loved one a PopSocket with their favorite sports team, pop culture fandom, or animal on it.A smart light bulb that can add some color to your living roomAmazonTP-Link Kasa Smart Wi-Fi Bulb, available on B&H, $9.99You don't need to spend a lot of time or money to add some smart lighting to your living room. This color-changing smart light bulb from TP-Link could make a great gift for anyone looking to spice up their home lighting with different color and brightness options to fit the mood. It also doesn't require any extra equipment like a hub or a bridge; just connect it to your home Wi-Fi, download the Kasa app, and you're good to go. It works with Amazon Alexa and the Google Assistant, too.A compact Bluetooth speaker for everywhereAnker / WalmartAnker SoundCore Mini Bluetooth Speaker, available at Amazon, $24.99The SoundCore mini is a compact wireless speaker with a 15-hour battery life, a 66-foot Bluetooth range, and 5W of sound. It doesn't have water resistance, but it'll still work just fine in a bathroom. It brings better sound and louder volume than a phone can deliver, and it's perfect for listening to podcasts and music around the house, chilling outside, and on camping trips.  Replacing those lost headphone dongles for iPhonesHollis Johnson/Business InsiderApple Lightning to 3.5mm Headphone Adapter dongle, available on Amazon, $7.20Apple's iPhones used to come with a headphone adapter but new models no longer include one. This is one of those items that shoppers ache to buy for themselves because it shouldn't cost you an extra $10 to use your wired headphones. This makes the dongle an excellent gift, however, as many iPhone owners can make good use of it.Tech-friendly touchscreen glovesAmazonAchiou Winter Knit Touchscreen Gloves, available on Amazon, from $10.99Anyone who lives in a place where it gets cold in winter knows that you have to remove gloves to use a smartphone outdoors. Essentially, a phone's screen doesn't register a finger's touch through a standard glove's material. But Aichou's bestselling winter gloves have special pads on the thumb, forefinger, and middle finger that can be registered by your phone's screen, letting the wearer keep the gloves on when it's freezing outside.  A next-level screen cleaning kitAmazonWhoosh! Screen Cleaner Kit, available on Amazon, $17.50The Whoosh! Screen Cleaner Kit is an alcohol and ammonia-free screen cleaner that's safe on phone screens. Unlike harsher cleaners, it won't strip screens from the factory coatings, namely the oleophobic coatings that prevent screens from getting all gummed up with finger oils. Coming with a pocket-sized bottle of cleaning spray and two cloths, this kit will also clean tablets, e-readers, TVs, Kindles, and almost anything else with a display. We should note, however, that Whoosh doesn't claim that its cleaner kills bacteria or viruses. Also, we've had mixed results with the Whoosh cleaner on MacBook screens, so you may want to avoid using it with Apple laptops.An iPhone tassel cable with chargingAmazonOneenjoy Tassel Cable for iPhone, available on Amazon, $11.59This handy leather tassel keychain includes a hidden USB-to-Lightning cable for charging an Apple device on the go with an external battery or with a charging brick. A water-resistant smartphone armbandAmazonTribe Water Resistant Cell Phone Armband Case, available on Amazon, from $14.98A great gift for runners and fitness enthusiasts, the Tribe cell phone armband case secures your phone to your arm in a case that repels rain. The arm band is fully adjustable elastic, and it comes in three sizes that can accommodate pretty much any phone size. Your phone retains full touchscreen functionality while it's in the case, and the band also includes a handy key holder and headphone jack. A charging brick to quickly power phonesAmazonAnker 20W Nano Pro USB-C charger, available at Amazon, $19.99Anker's USB-C 20W Wall Adapter will charge iPhones and most Android phones at their top capable speeds. Anyone who has a newer iPhone will appreciate being able to take advantage of faster charging speeds. Just note, this item does not include a cable.Grips for the Nintendo Switch's Joy Con controllersAmazon / FyoungFyoung Controller Grips for Nintendo Switch Joy Con, available on Amazon, from $10.99These Joy Con controller grips by Fyoung give players a better and more comfortable traditional console-style grip on the small Switch Joy Con controllers. They have full-size left and right bumper buttons, and they stay in place, even when you move them and shake them around for certain games. These are a no-brainer for Switch-owning friends and family. They come in a variety of colors to match controller colors, too. An adjustable phone standAmazonLamicall Adjustable Phone stand, available on Amazon, from $9.99The Lamicall Phone Stand lets you (or your loved ones) mount your phone at an adjustable angle, which works great when you don't want to hold or touch your phone. Think streaming a video while you cook or sitting at a table, holding a video call with friends or family, or keeping a recipe visible while cooking. It fits any phone and can accommodate most cases, but thicker cases may not fit in the stand's lower arms. It's also easy to adjust, and can flip between portrait and landscape modes. The stand is made of metal and comes in a variety of colors, too.A headphone holder for their deskAmazonBrainwavz Hengja Headphone Hanger, available on Amazon, $14.99The Brainwavz Hengja is an essential gift for a friend who has on-ear or over-ear headphones. This adjustable headphone hanger clamps horizontally or vertically onto a table, shelf, or even a thin wall. The clamp is tightened onto a surface with a flat piece of metal that you can screw to tighten with the included tool.It's made entirely of metal, so it's quite sturdy and will fit and support pretty much any headphone size. It only comes in a black color option. A Wi-Fi smart plug for smart homesAmazonKasa Smart Wi-Fi Plug Mini (2-pack), available on Amazon, $17.99You can connect any device to the Kasa Smart Wi-Fi Plug Mini, from lamps to fans and air conditioners, to make it a smart device that you can control from a phone via the Kasa app, or via a smart assistant like Amazon's Alexa and Google Assistant. Some of the "smart" things you can do with the Kasa smart plug includes adding routines to turn your plugged-in devices on or off. You can also check up and turn on or off those electrical devices remotely via the Kasa app, which works great to give you peace of mind when you're away from home. Glasses with a blue-light filterAmazonCyxus Vintage Retro Blue Light Filter Glasses, available on Amazon, $19.99It seems every day, more and more research is coming out about the dangers of over-exposure to blue light from phone and computer screens. A 2018 study showed that too much blue light can increase your risk of blindness.The Cyxus Vintage Retro Blue Light Filter Glasses filter out 90% of the blue light emitted from screens and barely affects the image. Blue light filters prevent eye dryness and general fatigue from staring at a screen too long, and these glasses are a good, affordable gift for anyone who you know to work in front of a computer screen for long hours.A cheap but effective laptop bagAmazonAmazonBasics Laptop Bag, available on Amazon, $13.15Amazon is full of laptop bags of all prices, but the AmazonBasics Laptop Bag is one of the top-rated, and it gets the job done for an affordable price. It comes in 10-, 11.6-, 14-, 15.6-, and 17.3-inch models to accommodate different laptop sizes, as well as a smaller version for tablets. Plus, it has extra pockets for mice, cell phones, pens, and other small gadgets you might be carrying. A long USB-A to Lightning charging cableAmazonAnker Powerline+ II Lightning Cable, available on Amazon, $19.54No one ever has enough charging cables for their iPhones or iPads. Plus, longer cables like this 10-foot model make it easier and more comfortable to use your iPhone or iPad while it's charging, as the included 3-foot cables don't let you get very far from the charging brick.You don't want to go cheap with cables, and one way to avoid cheap cables is to go with a well-known brand that's proven its reliability over the years. The Anker 10-foot Powerline+ is a proven, reliable, and long-lasting cable that also comes in a variety of colors. A solid wireless keyboard and mouse combo from LogitechLogitech / Best BuyLogitech MK270 Wireless Keyboard and Mouse, available at Target, $19.99A full wireless keyboard and wireless mouse combo from Logitech for under $25 is a great deal and an easy gift for someone you know who needs one. There's no other combo we'd recommend to get someone who needs a mouse and keyboard up and running. There's nothing fancy here, apart from the value. The keyboard is powered by two triple-A batteries, while the wireless mouse is powered by a single double-A battery. The keyboard and mouse communicate with your computer with a tiny USB adapter, and it doesn't need pairing because it doesn't use Bluetooth. An effective gaming mouseWalmartLogitech G300s Optical Gaming Mouse, available on Amazon, $21.99The Logitech G300s is a great gift for someone who enjoys gaming, but doesn't yet have a top-notch gaming mouse. It has a comfortable ambidextrous grip and six programmable buttons you can adjust with Logitech's gaming software. And, for under $25, it's been praised by multiple reviewers as the best budget gaming mouse you can buy. Don't let the price tag fool you: The G300s isn't a bad mouse; it's just an older model.The G300 comes with a gaming-grade optical sensor for better accuracy and tracking than standard mice, and some sleek and modest lighting strips that accent the all-black matte plastic G300s. It plugs into a computer's standard USB port. An big, wide mouse pad for work or gamingWalmart / CorsairCorsair MM100 Cloth Gaming Mouse Pad, available at Walmart, $12.99A mouse pad seems strange as a gift, but this one is large and well made — it's one of those things that can make a surprisingly significant improvement to comfort and efficiency while using a mouse for gaming, work, or general use. The Corsair MM100 mouse pad is larger than standard office mouse pads at 14.5 x 10.6 inches (370mm x 270mm) with 3mm thickness, making for greater surface area. That means fewer mouse lifts as you're moving the cursor around the screen. And, of course, it's great for gaming, which is this mouse pad's primary intention. An effective dashboard phone holderAmazoniOttie Easy One Touch Phone Holder, available on Amazon, $22.95If you know anyone who is still using an ancient GPS to navigate, have mercy on them and give them the iOttie Easy One Touch Phone Holder. This car mount has a one-touch release mechanism for easily inserting and removing your phone, and its arm can pivot 225 degrees to ensure a comfortable viewing angle.The Phone Holder stays on a car's dashboard via a suction cup, which sticks to an included dashboard pad that sticks firmly on a car's dash. You can simply use the suction cup on a car's windshield if the driver would rather not use the dashboard pad that sticks onto the dash.  A Tile Bluetooth item trackerAmazonTile Mate, available on Amazon, $24.88Attach the Tile Mate to your keys, luggage, backpack, briefcase, or any other valuable possession to ensure you never lose that item again. If you misplace the object that includes your tracker, just check the Tile app to see its location in seconds. As a bonus, if you lose your phone, you can press your Tile Mate to make it ring. The Tile Mate has 250-foot range and it's water-resistant, making it an actual realistic option to track your pets, too. If items with the Tile Mate are out of range, there's a chance that the someone else with a Tile can pick it up and relay its location back to you via the Tile Network and Tile app. The Tile Mate supports up to three years of battery life. A subscription to a popular streaming serviceHulu/Alyssa Powell/Business InsiderHulu gift card, available on Amazon, from $25This recommendation technically breaks our under $25 threshold, but it's such a convenient gift that it's hard not to include. Hulu is one of our favorite streaming services thanks to its affordable price and big selection of network shows, original series, and entertaining movies. Though the platform doesn't sell annual gift subscriptions, you can buy Hulu gift cards. A $25 card will cover three and a half months of Hulu's ad-supported plan ($7/month), or just under two months of Hulu's ad-free plan ($13/month).Once your recipient's gift credit expires, they must provide another payment method to continue their Hulu subscription. Similar gift cards are also available for Netflix and Paramount Plus.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 21st, 2022

Motorola (MSI) Secures LMR Contract Expansion From US Navy

The deal reinforces Motorola's (MSI) competitive position in the public safety ecosystem and extends the operations of Land Mobile Radio network of the naval community. Motorola Solutions, Inc. MSI has secured a $29 million contract extension from the U.S. Department of Defense to bolster mission-critical communications infrastructure among the first-responder community in the U.S. Navy. The deal reinforces its competitive position in the public safety ecosystem and extends the operations of Land Mobile Radio (LMR) network of the naval community.The multi-year agreement was originally signed in January 2020. Per the contract, Motorola will be undertaking necessary steps for sustaining Naval Facilities Engineering Command Anti-Terrorism/Force Protection Ashore mobile radio systems globally. The agreement involves state-of-the-art software upgrades and licenses, asset and configuration management and benchmark testing.Showcasing its adaptability in both military and first responder markets, the Chicago-based company will leverage its much-acclaimed P25 trunked network to strengthen the deployment of LMR communication for easier access, enhanced coverage and stronger security in the Navy. Specifically designed for maintaining synchronized communication between public safety agencies and the Navy’s first responder services, the LMR network is aimed at providing assistance during emergencies like accidents, terrorist attacks, or natural calamities. It ensures secure collaboration between other federal, state and local agencies in the public safety domain for faster and effective responses.Motorola expects to record strong demand across video security and services, LMR products and related software while benefiting from a solid foundation. These systems drive the demand for additional device sales and promote software upgrades and infrastructure expansion. The comprehensive suite of services ensures continuity and reduces risks related to critical communications operations.Furthermore, Motorola intends to fortify its position in the public safety domain by entering into alliances with other players in the ecosystem. It remains poised to benefit from organic growth and acquisition initiatives, disciplined capital deployment and a favorable global macroeconomic environment. Its competitive position and an attractive portfolio for a large addressable market augur well for long-term growth.The stock has gained 47% over the past year compared with the industry’s growth of 19.5%. We remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock. Image Source: Zacks Investment ResearchA better-ranked stock in the industry is Qualcomm Incorporated QCOM, carrying a Zacks Rank #2 (Buy). It has a long-term earnings growth expectation of 15.3% and delivered an earnings surprise of 11.2%, on average, in the trailing four quarters.Earnings estimates for the current year for the stock have moved up 29.7% over the past year, while that for the next fiscal is up 48.1%. Qualcomm is likely to benefit in the long run from solid 5G traction and a surge in demand for essential products that are the building blocks of digital transformation in the cloud economy.SeaChange International, Inc. SEAC, carrying a Zacks Rank #2, is another solid pick for investors. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.SeaChange delivered an earnings surprise of 37.2%, on average, in the trailing four quarters and has a long-term growth expectation of 10%. Earnings estimates for the current year for the stock have moved up 35.7% since January 2021. Over the past year, SeaChange has gained a modest 55.3%.Vocera Communications, Inc. VCRA sports a Zacks Rank #1. It has a long-term earnings growth expectation of 18% and delivered a stellar earnings surprise of 109.6%, on average, in the trailing four quarters.Over the past year, Vocera has gained 80.9%. It offers an all-inclusive digital platform for hands-free communication via secure text messaging, alert and alarm management. Leveraging a patent-protected, enterprise-class server software, Vocera provides an advanced clinical rules engine that simultaneously unifies data from multiple sources, prioritizes notifications and sends messages to the right care team members. This, in turn, augments clinical workflow by enabling the interoperability of the solution with a significant number of clinical and operational systems used in hospitals today. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Motorola Solutions, Inc. (MSI): Free Stock Analysis Report SeaChange International, Inc. (SEAC): Free Stock Analysis Report Vocera Communications, Inc. (VCRA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 13th, 2022

Here Are The Top Tips For Preventing ACH Credit Fraud

Forced to work from home during COVID-19, accounts payable departments have accelerated plans to move away from paper checks and pay more of their suppliers by ACH. That, in turn, accelerated another trend: fraud. Through social engineering, fraud attacks on ACH credits are most commonly known as Business Email Compromises or BECs. Q3 2021 hedge fund letters, conferences […] Forced to work from home during COVID-19, accounts payable departments have accelerated plans to move away from paper checks and pay more of their suppliers by ACH. That, in turn, accelerated another trend: fraud. Through social engineering, fraud attacks on ACH credits are most commonly known as Business Email Compromises or BECs. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more According to the 2020 AFP Payments and Fraud Control Survey Report, for the first time, in 2019, BEC schemes were the most common type of fraud attack experienced, with 75 percent of organizations experiencing an attack and 54 percent of those reporting financial losses. ACH credits—outgoing payments from buyer to supplier—were targeted in 37 percent of BEC schemes. The problem has only gotten worse in 2020. In the September edition of their Fraud in the Wake of COVID-19 Benchmarking Report, the ACFE reports that 90 percent of respondents have seen an increase in cyber fraud frequency from July through August. This included BECs. Three-quarters of respondents said that preventing and detecting fraud has become more difficult in the current environment, and more than 90 percent expect attacks to increase. Organizations are under siege, and nearly one-third have received no guidance from banking partners about mitigating ACH credit risks. What Can Organizations Do To Prevent ACH Credit Fraud? Defeating BECs requires a multi-pronged approach. Ongoing anti-fraud training is important because these emails are getting more convincing every day. Fraudsters have become experts in user data and A/B testing, which reduces elements that alert their victims of illegitimate changes to their accounts. Strong internal controls are also important and network security, which prevents parties from gaining access to internal systems. Here are four ways to reduce your ACH credit fraud risk. Handle With Care Thwarting ACH credit fraud is all about handling supplier banking data securely, which accounts payable must have on hand to transmit their payment file to the bank. This data is often stored in the ERP system, or sometimes on an Excel spreadsheet, where AP staff has been recorded during supplier onboarding. Sometimes it’s stored when a supplier updates their information. Fraudulent change requests are one of the most frequent avenues of attack. Let’s say you’ve got a new person in accounts payable who isn’t fully trained yet. This person gets an email from a supplier, asking to update their bank account information. Your new hire, eager to please, fulfills the request, inputting a new routing number and bank account, unaware that a million-dollar payment to that supplier is going out the next day. Nobody realizes what’s happened until two weeks later when the real supplier calls, asking for payment. By then, it’s too late to reel ACH payments back in. You can call the FBI and the bank. They may try to help you, but if the thieves are sophisticated enough, they’ve already moved the money to offshore accounts, and it’s completely gone. Secure Information You should never use an unsecured email for banking information updates, although a surprising number of companies still do. It’s too easy for a hacker to intercept one of those emails and use the information within it for their own means. If they get contact or bank account information, they can pose as legitimate suppliers and circumvent internal controls. Some businesses even keep information in spreadsheets or their ERPs, but systems like those aren’t designed to store data securely. Some companies allow suppliers to update their own information in supplier portals. That might work, provided that companies manage secure portal access and verify all updates. However, if suppliers can log in and update information, it’s likely that hackers can access the same information with very little resistance. The most sophisticated approach that I’ve seen so far includes a trained procurement team, who verifies and validates all changes that come through. There are a couple of drawbacks to this approach. It’s a big IT investment with plenty of labor asks. Even then, it’s still prone to internal fraud. At the end of the day, even the best systems will still have their risks. The goal is to minimize them. Look at Fees Companies often try to shift the risk and time burden to others, with some success. For example, they may choose to pay their suppliers by card., which puts the risk on credit card networks. In cases of card fraud, it’s more likely that payments can be canceled or refunded. Virtual cards offer even more security because they provide unique numbers, which can only be used by a specified supplier for a specified amount. The big drawback is that not all suppliers accept cards—there are fees to consider. An organization I’m familiar with pays many of its suppliers with PayPal. Their supplier­­­­—most of them small businesses—are located around the world. AP doesn’t have the time or staff to verify payment information, validate bank accounts, and deal with ongoing updates. As the intermediary, PayPal handles all that and guarantees that the funds go to the right place. But, here again, suppliers pay a hefty fee—in the neighborhood of three percent. Shift the Risk There really is no perfect system in place, which is why we’re seeing ACH credit fraud rise in tandem with the rise in ACH payments. But there is a perfect way to shift the risk to companies that are built to withstand the verification and validation burdens. Today’s payment automation providers manage supplier information, so individual companies no longer have to spend valuable time on it. It’s similar to handing the reins to IT and procurement departments to lock down the database and institute controls. The difference is that working with a provider removes the time investment and liability. Think of payment automation providers as a means to outsource risk. Their sole focus is to ensure secure, on-time payments to your suppliers without causing costly overhead. They have perfected the systems and processes for hundreds of thousands of AP departments across the United States, and in ways that businesses would be hard-pressed to replicate. Businesses used to worry about check fraud above all else. While they still have to pay attention to that aspect, it’s become a low-tech form of fraud that’s easy to understand and plan for. As companies shift to electronic payment means, they’re increasingly experiencing sophisticated cyberattacks, which target much larger sums and are harder to defend against. With such attacks growing, businesses may find that outsourcing professionals is the best defense. About the Author Jeremiah Bennett is the Director of Information Security for Corpay, a FLEETCOR Company which helps companies of all sizes simplify how they pay suppliers, facilitate treasury payments, and reduce risk. Updated on Jan 4, 2022, 2:29 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkJan 4th, 2022

Airbus has a $260 million wide-body jet that it just can"t sell. See inside the A330-800neo that"s proving to be a commercial flop.

Airbus has only landed 15 orders for the aircraft since its 2014 debut, putting it on track to be one of the worst-selling aircraft in Airbus history. A Uganda Airlines Airbus A330-800neo.Thomas Pallini/Insider Airbus has only sold 15 of its A330-800neo aircraft, the next-generation variant of the popular A330-200. Uganda Airlines, Air Greenland, Kuwait Airlines, and Garuda Indonesia are the only four airlines to purchase the aircraft. One expert says that airlines don't want to pay for a smaller plane compared to the larger A330-900neo since the two have comparable per-seat costs.  Airbus doesn't usually have a problem selling airplanes.A Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderAs of October 2021, more than 20,000 orders have been placed for Airbus aircraft. The European aircraft manufacturers’ wide-body planes, specifically, can be found flying all over the world and are the backbone of numerous global airlines.An Airbus A350-900 XWB at Dubai Airshow.Thomas Pallini/InsiderSource: AirbusBut one aircraft just hasn't resonated with customers, the A330-800neo. Only 15 aircraft have been sold as of October 2021 since the A330neo program launched in 2014 to counter the Boeing 787 Dreamliner.A Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderSource: AirbusAirbus designed the aircraft to be a more efficient version of the A330-200 as part of an upgrade for the popular A330 family of aircraft. The A330-200, a commercial success, earned 662 orders over its life and 598 of the 647 aircraft that were delivered to customers are still flying.An Airbus A330-200.aviation images.com/Universal Images Group/GettySource: AirbusPowering the A330neo family is the Rolls-Royce Trent 7000 that Airbus says helps reduce fuel consumption and emissions by "25% compared to its previous-generation aircraft." Also aiding in its efficiency are new wings with composite winglets.A Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderSource: AirbusAs a newer variant with more efficient engines, the A330-800neo had a good chance of riding on the success of its predecessor. But only four airlines have placed orders for the A330-800neo including Kuwait Airways, Uganda Airlines, Air Greenland, and Gaurda Indonesia, making the aircraft among Airbus' worst-selling aircraft in its history.A Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderInsider got a look at the A330-800neo at the Dubai Airshow 2021 when Airbus and Uganda Airlines teamed up to show off the jet. Here's what it's like onboard.A Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderThe average Airbus A330-800neo can seat between 220 and 260 passengers in a three-class configuration, according to Airbus.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderSource: AirbusThe total number of seats in Uganda Airlines' configuration is 258 seats across economy class, premium economy class, and business class cabins.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderIn business class, a total of 20 seats are offered in a 1-2-1 configuration. Each seat offers direct aisle access and fully lie-flat capabilities that are ideal for long-haul flights.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderSeats along the edges of the cabin are the most private and ideal for solo travelers.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderCenter-aisle seats are alternatively ideal for couples traveling together or travelers with companions. But for those seated in one of the paired "honeymoon" seats, as they're known, a partition helps maintain privacy.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderOther center-aisle seats are positioned along the aisle for a greater degree of privacy without the need for a partition.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderThe staggered configuration of the business class cabin means that some of the seats along the sides of the cabin are closer to the window while others are on the aisle.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderTrue window seats offer additional privacy as they're situated away from the aisle, and also have the benefit of unobstructed window views.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderAirlines can increase the capacity of the business class cabin by expanding it past the second boarding door or install paired seats instead of individual seats. But the industry is moving away from paired seats as travelers want privacy and aisle access.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderAnd for airlines that want to maximize space with a three-cabin aircraft, keeping business class in between the first two boarding doors is typically the preferred option.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderEach seat offers standard business class seat amenities including a seat-back entertainment screen, personal reading lamp, adjustable headrest, and bounds of storage space.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderBehind business class, Uganda Airlines opted for a premium economy class consisting of 28 recliner seats.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderSeats are configured in a 2-3-2 configuration with greater amounts of pitch and width at each.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderEach seat features a seat-back entertainment screen as well as USB charging ports, water bottle holders, footrests, coat hooks, and a tethered entertainment remote.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderA solid tray table is also stored in the armrest, with a small drink counter in between seats.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderPremium economy is a hybrid product offering some of the glamour of a business class seat with a price just slightly above an economy class seat.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderThe remaining 210 seats are the domain of economy class across two sections.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderStandard for the A330 family, seats are arranged in a 2-4-2 configuration.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderSeats along the cabin wall are ideal for couples and solo travelers as there are no middle seats.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderTravelers with a preference for window seats can also benefit from the side seats as there are fewer seats to climb over when trying to access the aisle.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderCenter aisle seats are ideal for groups traveling together with as many as four travelers able to share a row.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderEconomy class seats feature standard amenities such as a seat-back entertainment system, USB charging port, and adjustable headrest.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderIn another standard for the A330 family, the curvature of the fuselage reduces the last few rows to three seats in the center aisle section.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderAll A330neo aircraft come standard with the "Airspace by Airbus" cabin that includes mood lighting illuminating the cabin and greater overhead bin space for carry-on baggage.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderAs far as where the aircraft will fly, there are not many places the A330-800neo can't go with a top range of 8,150 nautical miles. Uganda Airlines can fly all the way to the US West Coast and the east coast of Australia from Entebbe, Uganda.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderSource: AirbusDubai is the furthest destination the aircraft flies to from Entebbe. And one limiting factor in the aircraft's range, though, is the lack of a crew rest area in Uganda Airlines' configuration.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderRather than a dedicated space for flight attendants, seats in both the economy class and business class cabins have been dedicated for crew rest.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderCrew rest seats can be identified in both cabins by a curtain surrounding the seat.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderBut such a capable aircraft begs the question: why aren't more airlines adding the A330-800neo to their fleets?A Uganda Airlines Airbus A330-800neo.Thomas Pallini/Insider"It's a fairly simple story: the Dash 200 was always at a bit of a disadvantage because it's a shrink [of the A330-300,]" Richard Aboulafia, vice president of analysis at Teal Group, told Insider. And the same applies to the A330-800neo.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/Insider"All shrinks are a bit heavier on a per-seat basis because they're carrying around the same structures and systems and engines as the bigger planes but with fewer seats," Aboulafia said.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderAirlines might not want to pay similar operating costs for a plane with fewer seats, even if it means spending less to acquire the smaller model.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderThe A330-900neo offers around 30 additional seats in a three-class configuration, in a cabin around 17 feet longer than the A330-800neo. That 17 feet can house a lot more business class seats to earn the airline additional premium revenue.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderThe A330-800neo also has no shortage of competition, whether it be from the Boeing 787 Dreamliner or even smaller aircraft in the Airbus lineup. Narrow-body aircraft, including the A321neoLR, offer range capabilities that allow them to fly upwards of nine hours.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderUganda Airlines' Airbus A330-800neo flight from Entebbe, Uganda to Dubai could very easily be operated by a smaller Airbus A321neoLR with only a slightly smaller passenger load.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderAnd the airlines that want the extended range capabilities of the A330neo compared to a narrow-body are finding it more cost advantageous to buy up the A330-900neo.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderAzul Brazilian Airlines, for example, chose the A330-900neo over the A330-800neo despite only having the A330-200 in its wide-body fleet prior to the purchase.An Azul Brazilian Airlines Airbus A330-900neo.SamuelVSilva / Shutterstock.comDelta Air Lines and TAP Air Portugal, two other A330-200 operators, have also opted to only purchase the A330-900neo.A TAP Air Portugal Airbus A330-900neo.Matheus Obst/Shutterstock.comAirbus still has time to sell the A330-800neo before writing the program off completely, according to Aboulafia. The A330-900neo has a sizeable backlog that will keep production on the aircraft family open for years to come.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderNo further orders were announced for the A330-800neo were announced at the Dubai Airshow while Air Lease Corporation did place an order for four A330neos at the show.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderBut potential airline customers did get to take a look at the aircraft and it's possible some will reexamine the A330-800neo now after seeing it up close.Onboard a Uganda Airlines Airbus A330-800neo.Thomas Pallini/InsiderRead the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 26th, 2021

Top 10 Themes For 2022: Part 2

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

Category: blogSource: zerohedgeDec 23rd, 2021

Perion (PERI) Raises "21 & "22 Views on Solid Business Momentum

Perion Network (PERI) is riding on strong business momentum and solid advertising revenue growth.The company raised its 2021 and 2022 guidance. Perion Network PERI is firing on all cylinders. This Israel-based ad-tech provider is riding on strong business momentum and solid advertising revenue growth.In third-quarter 2021, ended Sep 30, display advertising revenues jumped 82% year over year, driven by strong adoption of Perion’s video and CTV solutions. Video and CTV grew 245% year over year and represented 20% of display advertising revenues. Search advertising revenues increased 14% year over year.The momentum is expected to continue over the next couple of years. Perion recently raised its 2021 and 2022 guidances due to strong contributions from Video and CTV, including Vidazoo, significant growth in average deal size, and revenue retention and continued growth in the daily average number of monetizable searches.For 2021, Perion now expects revenues between $460 million and $470 million compared with the previous guidance of $455-$465 million. At mid-point, revenues are expected to grow 42% over 2020. Adjusted EBITDA is expected between $64 million and $65 million, reflecting 97% year-over-year growth at mid-point.For 2022, Perion now expects revenues between $590 million and $610 million compared with the previous guidance of $580-$600 million range. At mid-point, revenues are expected to grow 29% from 2021. Adjusted EBITDA is expected between $80 million and $84 million, reflecting 27% year-over-year growth at mid-point. Perion Network Ltd Price and Consensus Perion Network Ltd price-consensus-chart | Perion Network Ltd Quote The strong business momentum is reflected by the company’s share price return. PERI shares are up 76.4% year to date against 7.5% decline of the Zacks Internet Content industry. The Zacks Computer & Technology sector rose 26.4% in the same time frame.Recovery in advertiser spending and a spike in e-commerce-related ad spending are the key catalysts for Perion. The company is also expected to benefit from the robust performance of its Search business.Additionally, the Vidazoo acquisition, completed in early October, has been a key catalyst. The addition of Vidazoo is helping Perion in offering more value to customers as it gets access to direct video ad supply. Elimination of intermediaries reduces media costs and increases operating efficiency.Vidazoo is immediately accretive for Perion. The deal expands Perion’s publisher base as Vidazoo serves 1000 publishers worldwide.Zacks Rank & Stocks to ConsiderPerion currently has a Zacks Rank #3 (Hold).Some better-ranked stocks in the Computer & Technology sector are Arrow Electronics ARW, Salesforce CRM and Alphabet GOOGL.Currently, Arrow Electronics sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The long-term earnings growth rate is pegged at 27.36%.ARW shares have returned 29.1% year to date compared with the Zacks Electronics-Parts Distribution industry’s growth of 33.5% and the Computer & Technology sector’s return of 26.3%.Salesforce, another Zacks Rank #1 stock, has a long-term earnings growth rate of 16.75%.CRM is up 18.8% against the Zacks Computer Software industry’s growth of 39.5% and Computer & Technology sector’s return of 26.4% year to date.The long-term earnings growth rate for Alphabet, another Zacks Rank #1 stock, is currently pegged at 25.82%.Alphabet shares have surged 68.4% year to date compared with the Zacks Internet-Services industry’s growth of 43.1% and the Computer & Technology sector’s return of 26.4%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report salesforce.com, inc. (CRM): Free Stock Analysis Report Arrow Electronics, Inc. (ARW): Free Stock Analysis Report Perion Network Ltd (PERI): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 10th, 2021

Charlie Munger’s Speech; Doug Kass On Cryptocurrencies

Whitney Tilson’s email to investors discussing Charlie Munger’s speech on Friday; Doug Kass on cryptocurrencies; his take on cryptos. Q3 2021 hedge fund letters, conferences and more Charlie Munger’s Speech On Friday 1) At age 97, investing legend Charlie Munger doesn’t do much public speaking anymore. When he does, I always pay attention because I […] Whitney Tilson’s email to investors discussing Charlie Munger’s speech on Friday; Doug Kass on cryptocurrencies; his take on cryptos. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Charlie Munger's Speech On Friday 1) At age 97, investing legend Charlie Munger doesn't do much public speaking anymore. When he does, I always pay attention because I think he's not only one of the world's greatest investors but also thinkers/philosophers. One of the highest honors of my life was being a contributor to the definitive book about him, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. He did a wide-ranging interview on Friday for the Sohn Hearts & Minds Investment Conference in Australia, and he didn't disappoint. The video isn't available, but here are some of the highlights of what he said, courtesy of The Australian Financial Review: On the current investing environment: "The dot-com boom was crazier on the valuations even than we have now, but overall I consider this era even crazier than the dot-com era." On cryptocurrencies: "I wish they'd never been invented. And again, I admire the Chinese – I think they made the correct decision, which is to simply ban them. In my country, English-speaking civilization has made the wrong decision. I just can't stand participating in these insane booms, one way or another... Believe me, the people who are getting in cryptocurrencies are not thinking about the customer, they're thinking about themselves. Just look at them. I wouldn't want any one of them to marry into my family." On owning good companies: "You want companies that have high earnings on capital and have a durable competitive advantage, and if you can add to that they've got a good management instead of a bad one, that's a big plus too. But what you'll find is that the great companies of the world have been discovered, so they're very expensive to buy. That is particularly hard for me because... you have to pay a great deal for good companies, and that reduces your future returns." Risks facing good companies: The high valuations of good companies meant the cost of making mistakes had increased and cited the slide into oblivion of Kodak (KODK)... "Kodak was a very admirable company and led the world for a long time. Basically, that your shareholders' claims went to zero. They got blindsided by technological change." On the right way to make money: "I want to make my money by selling people things that are good for them, not things that are bad for them." On Tesla Inc (NASDAQ:TSLA) CEO Elon Musk: "He thinks he's even more able than he is, and that's helped him. Never underestimate the man who overestimates himself." On Amazon.com, Inc. (NASDAQ:AMZNN) and Costco Wholesale Corporation (NASDAQ:COST) [Munger is a long-time board member of the latter]: "Amazon may have more to fear from Costco in terms of retailing than the reverse. Costco will eventually be a huge Internet player. People trust it, and they have enormous purchasing power." On venture capital investing: Munger admitted he was not well suited to venture capital investing and could never have emulated the likes of Sequoia Capital, which he said has one of the best investing track records in the world. "I don't know how to do what they do. I regard it as a minor miracle." On inflation: "So over 100 years, I don't trust any currency issued in the whole world. It's natural to reduce the purchasing power of currency. If you're a government, the best you can hope for is the inflation will be slow." On clean energy: "I love the fact that we're rapidly reducing the burning of coal and the burning of gasoline and diesel. I think that's a smart thing for the world to be doing, and it would be smart even if there were no global warming." On China's crackdown on speculation and corruption: "They're right to step out, step hard on booms and to not let them go too far. The extent that my country doesn't do that, we're inferior to China. They're acting in a more adult fashion. They were right to step down so hard on corruption." On millennials: "I don't know what they're like in Australia, but here they're very peculiar: very self-centered and very leftist." I generally agree with Munger's comments, though I don't think the speculative frenzy today equals that of the Internet bubble at its peak in March 2000. I think it's more like mid-1999 today, which is why I think the market still has room to run. Doug Kass On Cryptocurrencies 2) My friend Doug Kass of Seabreeze Partners shares Munger's skepticism of cryptocurrencies. He outlines the reasons why in this recent missive: I still don't see the value proposition in digital currency. Over the weekend, the price of bitcoin and other digital currencies plummeted To me, digital currencies remain just another risk asset and not a bona fide medium of exchange/trade Over the weekend, the price of many cryptocurrencies fell by almost 20%. Bitcoin has now dropped by 38% from its recent high – that's the third correction of greater than 30% in the last 12 months. Here is a history of the major corrections in bitcoin over the last 11 years: Mark Twain taught us that history doesn't repeat itself, but it often rhymes. The same applies to market history. Four years ago, bitcoin futures started trading – the euphoria was short-lived, and the price of bitcoin eventually dropped by over 80%. Since the start of the first bitcoin futures ETF in October 2021, the price of bitcoin is down 38%: What are digital currencies, if they can be created ad hoc – like monetary presses – and produce an endless supply? Why are digital currencies better than fiat currency if their supply is really not fixed? What value do digital currencies have if: They provide no protection from the rising inflation we've seen in the last few months. They have provided no protection from deflation in the past. They have provided no protection from geopolitical events. Most cannot be seamlessly used as a currency or as a medium of exchange of trade. The lack of price stability and consequences of price volatility make digital currencies unsuitable as a medium of exchange for trade. They are tax-inefficient. They are vulnerable to regulation. They are vulnerable to the competitive threat of sovereigns creating their own digital currencies. They have no intrinsic value, nor do they provide any cash flow. I recognize that many very intelligent investors that I respect (like Paul Tudor Jones, Elon Musk, Anthony Scaramucci) and even some countries have confidently made large commitments to digital currencies. I am not a luddite, but, sorry, I just don't "get" digital currencies, and I don't see the value proposition. There... I have said it. For several years cryptocurrencies have taken the oxygen out of the gold room – and many long-term and strongly committed investors in precious metals have begun to lose confidence in gold and silver. Gold has been around, through thick and thin, for thousands of years. Bitcoin is only 13 years old, and other digital currencies are still infants. But we don't know what bitcoin and other digital currencies will look like when they grow up. There... I have said that also. Take On Cryptos 3) My take: My view hasn't changed from what I wrote in my April 22 e-mail: Given how bearish I've been about cryptocurrencies – calling them "a techno-libertarian pump-and-dump scheme" and nailing the December 2017 bitcoin top to the hour – I wanted to share with all of my readers an excerpt of what I wrote in last month's edition of our flagship Empire Stock Investor newsletter entitled "The Most Unexpected Recommendation in Empire Financial Research History": I think [my colleague] Enrique [Abeyta] is right that at least some forms of digital assets will have real – and growing – value. In particular, you may be surprised to learn that my views on certain cryptocurrencies ("cryptos") have evolved since I called the previous top of bitcoin in late 2017. It comes back to the Rembrandt analogy. While one of these works of art can't be valued based on any known valuation formula and is therefore definitionally a speculation (evaluated solely as an investment), it clearly has value because, over time, many people have been willing to pay ever-increasing prices for these artistic masterpieces. In other words, if a large number of people believe something has value – and are willing to pay cold, hard cash for it – then it has value, regardless of whether it produces cash flow. The question, therefore, is whether something is likely to have sustained, growing value over time, relative to today's price. In the case of a Rembrandt, the answer is likely yes. In the case of Dutch tulip bulbs, the answer was no. So where do cryptos fall on this spectrum? I don't know for sure... Most, no doubt, will end up worthless. But it's also become clear to me that some – bitcoin and a few others – have reached a critical mass in which enough people believe in them that their values are more likely to go up than down. As I often say, here at Empire Financial Research, we aren't value investors or growth investors. We're make-money investors. That's why – despite my previous skepticism – we're recommending our favorite cryptocurrency in this month's issue of Empire Stock Investor. Yes, it's a speculation (so size it accordingly!), but we think it's a good speculation... For more on this, see the e-mail I sent out on May 12: A Major Change to My Investing Philosophy. Best regards, Whitney P.S. I welcome your feedback at WTDfeedback@empirefinancialresearch.com. Updated on Dec 8, 2021, 3:33 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkDec 8th, 2021

Coronavirus links: the case for boosters

A coronavirus-focused linkfest is a weekly feature here at Abnormal Returns. Please stay safe, get a booster and at a vaccination site... OmicronOmicron is now well-established in the United States. (statnews.com)The risk of reinfection from the omicron seems to be higher than previous variants. (bloomberg.com)Five indicators to watch on Omicron including cases in S. Africa. (vox.com)How to interpret incoming Omicron data. (statnews.com)Moderna's ($MRNA) CEO is worried Omicron will be a challenge for existing vaccines. (ft.com)Vaccine makers are rushing to make Omicron-specific vaccines. (newatlas.com)Four big open questions about Omicron. (vox.com)Viral mutationHow did the Omicron variant get so many variations? (scientificamerican.com)Omicron seems to share some genetic material with the the virus that causes the common cold. (washingtonpost.com)Some researchers believe Omicron could have evolved in an animal host. (statnews.com)VaccinesWalgreens ($WBA) and CVS ($CVS) are struggling to keep up with Covid vaccine demand. (wsj.com)Pfizer's ($PFE) success has given it huge power, maybe too much. (ft.com)The J&J ($JNJ) vaccine may have an advantage in durability. (theatlantic.com)It could be the case that a longer interval between the first and second shots would be better. (wsj.com)Mixing-and-matching vaccine doses is fine. (nytimes.com)ChildrenMany southern states are lagging in child vaccinations. (washingtonpost.com)For children the risk from Covid complications is higher than that of myocarditis. (scientificamerican.com)BoostersThe CDC recommended that everyone 18 and older get a booster shot after completing a first course of Covid-19 vaccination. (wsj.com)A third dose greatly reduces risk vs. a two-dose regime. (newatlas.com)Omicron has turned booster skeptics around. (nytimes.com)Omicron likely won't wreck your booster. (theatlantic.com)What's holding back booster roll outs at nursing homes? (nytimes.com)Third doses trump masks. (marginalrevolution.com)Antibody treatmentsRegeneron ($REGN) Regen-Cov treatment is likely less effective against the Omicron variant. (biopharmadive.com)GlaxoSmithKline ($GSK) believes its antibody therapy is effective against Omicron. (biopharmadive.com)AntiviralsWhy the two new antiviral treatments are a bigger deal than made out to be. (theatlantic.com)For antivirals to be effective, we are going to have to test a lot more. (nytimes.com)Virtual care companies are hoping to help those infected get antiviral treatments. (statnews.com)If HIV is the model, the development of antivirals will continue for awhile. (npr.org)How antivirals work to thwart Covid. (scientificamerican.com)Genomic sequencingUp until the last week U.S. labs were exclusively seeing Delta. (nytimes.com)Omicron shows the U.S. isn't doing enough genomic sequencing. (statnews.com)Access to genomic sequencing is uneven across the globe. (ft.com)TransmissionThe highest vaccinated U.S. counties show the lowest rates of death from Covid. (washingtonpost.com)Schools have seen lower transmission of other parts of society. (theatlantic.com)A New York City anime convention has the hallmarks of a superspreader event. (bloomberg.com)ResearchWhy will never eradicate the SARS-CoV2 virus. (quantamagazine.org)Having severe Covid doubles the risk of dying over the next year. (businessinsider.com)CountriesGermany is introducing new restrictions on the unvaccinated. (variety.com)China is sticking with its 'zero Covid' strategy especially in light of Omicron. (washingtonpost.com)Why Peru has the world's highest Covid death rate. (npr.org)Spain has had a successful vaccination campaign. It will be interesting to see how it plays out vs. Omicron. (nytimes.com)Anti-vaxxers are now targeting Australian politicians. (washingtonpost.com)PodcastsAndy Slavitt talks Omicron with epidemiologist Katelyn Jetelina. (podcasts.apple.com)Derek Thompson talks Omicron with Dr. Peter Hotez. (theringer.com)PoliticsSome states are now effectively paying people not to get vaccinated. (washingtonpost.com)The state of Missouri found mask mandates worked but did not release the findings. (missouriindependent.com)Donald Trump tested positive for Covid-19 prior to a number of events including a debate with Joe Biden. (newyorker.com)Earlier on Abnormal ReturnsCoronavirus links: viral evolution. (abnormalreturns.com)There's only one way through the pandemic tunnel. (abnormalreturns.com)Why we are eventually going to need digital health passes, i.e. vaccine passports. (abnormalreturns.com)The 'Swiss cheese model' and the importance of avoiding single points of failure in pandemic and life. (abnormalreturns.com)On the challenge of holding two competing thoughts on the pandemic in your head a the same time. (abnormalreturns.com)Mixed mediaWHO is still doing China's bidding. (epsilontheory.com)One woman's struggle with long Covid. (nytimes.com)On the joy of a negative Covid test. (williamfleitch.medium.com).....»»

Category: blogSource: abnormalreturnsDec 4th, 2021

Futures Surge After Powell-Driven Rout Proves To Be "Transitory"

Futures Surge After Powell-Driven Rout Proves To Be "Transitory" Heading into yesterday's painful close to one of the ugliest months since March 2020, which saw a huge forced liquidation rebalance with more than $8 billion in Market on Close orders, we said that while we are seeing "forced selling dump into the close today" this would be followed by "forced Dec 1 buying frontrunning after the close." Forced selling dump into the close today. Forced Dec 1 buying frontrunning after the close — zerohedge (@zerohedge) November 30, 2021 And just as expected, despite yesterday's dramatic hawkish pivot by Powell, who said it was time to retire the word transitory in describing the inflation outlook (the same word the Fed used hundreds of times earlier in 2021 sparking relentless mockery from this website for being clueless as usual) while also saying the U.S. central bank would consider bringing forward plans for tapering its bond buying program at its next meeting in two weeks, the frontrunning of new monthly inflows is in full force with S&P futures rising over 1.2%, Nasdaq futures up 1.3%, and Dow futures up 0.9%, recovering almost all of Tuesday’s decline. The seemingly 'hawkish' comments served as a double whammy for markets, which were already nervous about the spread of the Omicron coronavirus variant and its potential to hinder a global economic recovery. "At this point, COVID does not appear to be the biggest long-term Street fear, although it could have the largest impact if the new (or next) variant turns out to be worse than expected," Howard Silverblatt, senior index analyst for S&P and Dow Jones indices, said in a note. "That honor goes to inflation, which continues to be fed by supply shortages, labor costs, worker shortages, as well as consumers, who have not pulled back." However, new month fund flows proved too powerful to sustain yesterday's month-end dump and with futures rising - and panic receding - safe havens were sold and the 10-year Treasury yield jumped almost 6bps, approaching 1.50%. The gap between yields on 5-year and 30-year Treasuries was around the narrowest since March last year. Crude oil and commodity-linked currencies rebounded. Gold remained just under $1,800 and bitcoin traded just over $57,000. There was more good news on the covid front with a WHO official saying some of the early indications are that most Omicron cases are mild with no severe cases. Separately Merck gained 3.8% in premarket trade after a panel of advisers to the U.S. Food and Drug Administration narrowly voted to recommend the agency authorize the drugmaker's antiviral pill to treat COVID-19. Travel and leisure stocks also rebounded, with cruiseliners Norwegian, Carnival, Royal Caribbean rising more than 2.5% each. Easing of covid fears also pushed airlines and travel stocks higher in premarket trading: Southwest +2.9%, Delta +2.5%, Spirit +2.3%, American +2.2%, United +1.9%, JetBlue +1.3%. Vaccine makers traded modestly lower in pre-market trading after soaring in recent days as Wall Street weighs the widening spread of the omicron variant. Merck & Co. bucked the trend after its Covid-19 pill narrowly gained a key recommendation from advisers to U.S. regulators. Moderna slips 2.1%, BioNTech dips 1.3% and Pfizer is down 0.2%. Elsewhere, Occidental Petroleum led gains among the energy stocks, up 3.2% as oil prices climbed over 4% ahead of OPEC's meeting. Shares of major Wall Street lenders also moved higher after steep falls on Tuesday. Here are some of the other biggest U.S. movers today: Salesforce (CRM US) drops 5.9% in premarket trading after results and guidance missed estimates, with analysts highlighting currency-related headwinds and plateauing growth at the MuleSoft integration software business. Hewlett Packard Enterprise (HPE US) falls 1.3% in premarket after the computer equipment maker’s quarterly results showed the impact of the global supply chain crunch. Analysts noted solid order trends. Merck (MRK US) shares rise 5.8% in premarket after the company’s Covid-19 pill narrowly wins backing from FDA advisers, which analysts say is a sign of progress despite lingering challenges. Chinese electric vehicle makers were higher in premarket, leading U.S. peers up, after Nio, Li and XPeng reported strong deliveries for November; Nio (NIO US) +4%, Li (LI US ) +6%, XPeng (XPEV US) +4.3%. Ardelyx (ARDX US) shares gain as much as 34% in premarket, extending the biotech’s bounce after announcing plans to launch its irritable bowel syndrome treatment Ibsrela in the second quarter. CTI BioPharma (CTIC US) shares sink 18% in premarket after the company said the FDA extended the review period for a new drug application for pacritinib. Allbirds (BIRD US) fell 7.5% postmarket after the low end of the shoe retailer’s 2021 revenue forecast missed the average analyst estimate. Zscaler (ZS US) posted “yet another impressive quarter,” according to BMO. Several analysts increased their price targets for the security software company. Shares rose 4.6% in postmarket. Ambarella (AMBA US) rose 14% in postmarket after forecasting revenue for the fourth quarter that beat the average analyst estimate. Emcore (EMKR US) fell 9% postmarket after the aerospace and communications supplier reported fiscal fourth-quarter Ebitda that missed the average analyst estimate. Box (BOX US) shares gained as much as 10% in postmarket trading after the cloud company raised its revenue forecast for the full year. Meanwhile, the omicron variant continues to spread around the globe, though symptoms so far appear to be relatively mild. The Biden administration plans to tighten rules on travel to the U.S., and Japan said it would bar foreign residents returning from 10 southern African nations. As Bloomberg notes, volatility is buffeting markets as investors scrutinize whether the pandemic recovery can weather diminishing monetary policy support and potential risks from the omicron virus variant. Global manufacturing activity stabilized last month, purchasing managers’ gauges showed Wednesday, and while central banks are scaling back ultra-loose settings, financial conditions remain favorable in key economies. “The reality is hotter inflation coupled with a strong economic backdrop could end the Fed’s bond buying program as early as the first quarter of next year,” Charlie Ripley, senior investment strategist at Allianz Investment Management, said in emailed comments. “With potential changes in policy on the horizon, market participants should expect additional market volatility in this uncharted territory.” Looking ahead, Powell is back on the Hill for day 2, and is due to testify before a House Financial Services Committee hybrid hearing at 10 a.m. ET. On the economic data front, November readings on U.S. private payrolls and manufacturing activity will be closely watched later in the day to gauge the health of the American economy. Investors are also awaiting the Fed's latest "Beige Book" due at 2:00 p.m. ET. On the economic data front, November readings on U.S. private payrolls and manufacturing activity will be closely watched later in the day to gauge the health of the American economy. European equities soared more than 1.2%, with travel stocks and carmakers leading broad-based gain in the Stoxx Europe 600 index, all but wiping out Tuesday’s decline that capped only the third monthly loss for the benchmark this year.  Travel, miners and autos are the strongest sectors. Here are some of the biggest European movers today: Proximus shares rise as much as 6.5% after the company said it’s started preliminary talks regarding a potential deal involving TeleSign, with a SPAC merger among options under consideration. Dr. Martens gains as much as 4.6% to the highest since Sept. 8 after being upgraded to overweight from equal- weight at Barclays, which says the stock’s de-rating is overdone. Husqvarna advances as much as 5.3% after the company upgraded financial targets ahead of its capital markets day, including raising the profit margin target to 13% from 10%. Wizz Air, Lufthansa and other travel shares were among the biggest gainers as the sector rebounded after Tuesday’s losses; at a conference Wizz Air’s CEO reiterated expansion plans. Wizz Air gains as much as 7.5%, Lufthansa as much as 6.8% Elis, Accor and other stocks in the French travel and hospitality sector also rise after the country’s government pledged to support an industry that’s starting to get hit by the latest Covid-19 wave. Pendragon climbs as much as 6.5% after the car dealer boosted its outlook after the company said a supply crunch in the new vehicle market wasn’t as bad as it had anticipated. UniCredit rises as much as 3.6%, outperforming the Stoxx 600 Banks Index, after Deutsche Bank added the stock to its “top picks” list alongside UBS, and Bank of Ireland, Erste, Lloyds and Societe Generale. Earlier in the session, Asian stocks also soared, snapping a three-day losing streak, led by energy and technology shares, as traders assessed the potential impact from the omicron coronavirus variant and U.S. Federal Reserve Chair Jerome Powell’s hawkish pivot. The MSCI Asia Pacific Index rose as much as 1.3% Wednesday. South Korea led regional gains after reporting strong export figures, which bolsters growth prospects despite record domestic Covid-19 cases. Hong Kong stocks also bounced back after falling Tuesday to their lowest level since September 2020. Asia’s stock benchmark rebounded from a one-year low, though sentiment remained clouded by lingering concerns on the omicron strain and Fed’s potentially faster tapering pace. Powell earlier hinted that the U.S. central bank will accelerate its asset purchases at its meeting later this month.  “A faster taper in the U.S. is still dependent on omicron not causing a big setback to the outlook in the next few weeks,” said Shane Oliver, head of investment strategy and chief economist at AMP Capital, adding that he expects the Fed’s policy rate “will still be low through next year, which should still enable good global growth which will benefit Asia.” Chinese equities edged up after the latest economic data showed manufacturing activity remained at relatively weak levels in November, missing economists’ expectations. Earlier, Chinese Vice Premier Liu He said he’s fully confident in the nation’s economic growth in 2022 Japanese stocks rose, overcoming early volatility as traders parsed hawkish comments from Federal Reserve Chair Jerome Powell. Electronics and auto makers were the biggest boosts to the Topix, which closed 0.4% higher after swinging between a gain of 0.9% and loss of 0.7% in the morning session. Daikin and Fanuc were the largest contributors to a 0.4% rise in the Nikkei 225, which similarly fluctuated. The Topix had dropped 4.8% over the previous three sessions due to concerns over the omicron virus variant. The benchmark fell 3.6% in November, its worst month since July 2020. “The market’s tolerance to risk is quite low at the moment, with people responding in a big way to the smallest bit of negative news,” said Tomo Kinoshita, a global market strategist at Invesco Asset Management in Tokyo. “But the decline in Japanese equities was far worse than those of other developed markets, so today’s market may find a bit of calm.” U.S. shares tumbled Tuesday after Powell said officials should weigh removing pandemic support at a faster pace and retired the word “transitory” to describe stubbornly high inflation In rates, bonds trade heavy, as yield curves bear-flatten. Treasuries extended declines with belly of the curve cheapening vs wings as traders continue to price in additional rate-hike premium over the next two years. Treasury yields were cheaper by up to 5bp across belly of the curve, cheapening 2s5s30s spread by ~5.5bp on the day; 10-year yields around 1.48%, cheaper by ~4bp, while gilts lag by additional 2bp in the sector. The short-end of the gilt curve markedly underperforms bunds and Treasuries with 2y yields rising ~11bps near 0.568%. Peripheral spreads widen with belly of the Italian curve lagging. The flattening Treasury yield curve “doesn’t suggest imminent doom for the equity market in and of itself,” Liz Ann Sonders, chief investment strategist at Charles Schwab & Co., said on Bloomberg Television. “Alarm bells go off in terms of recession” when the curve gets closer to inverting, she said. In FX, the Turkish lira had a wild session, offered in early London trade before fading. USD/TRY dropped sharply to lows of 12.4267 on reports of central bank FX intervention due to “unhealthy price formations” before, once again, fading TRY strength after comments from Erdogan. The rest of G-10 FX is choppy; commodity currencies retain Asia’s bid tone, havens are sold: the Bloomberg Dollar Spot Index inched lower, as the greenback traded mixed versus its Group-of-10 peers. The euro moved in a narrow range and Bund yields followed U.S. yields higher. The pound advanced as risk sentiment stabilized with focus still on news about the omicron variant. The U.K. 10-, 30-year curve flirted with inversion as gilts flattened, with money markets betting on 10bps of BOE tightening this month for the first time since Friday. The Australian and New Zealand dollars advanced as rising commodity prices fuel demand from exporters and leveraged funds. Better-than-expected growth data also aided the Aussie, with GDP expanding by 3.9% in the third quarter from a year earlier, beating the 3% estimated by economists. Austrian lawmakers extended a nationwide lockdown for a second 10-day period to suppress the latest wave of coronavirus infections before the Christmas holiday period.  The yen declined by the most among the Group-of-10 currencies as Powell’s comments renewed focus on yield differentials. 10-year yields rose ahead of Thursday’s debt auction In commodities, crude futures rally. WTI adds over 4% to trade on a $69-handle, Brent recovers near $72.40 after Goldman said overnight that oil had gotten extremely oversold. Spot gold fades a pop higher to trade near $1,785/oz. Base metals trade well with LME copper and nickel outperforming. Looking at the day ahead, once again we’ll have Fed Chair Powell and Treasury Secretary Yellen appearing, this time before the House Financial Services Committee. In addition to that, the Fed will be releasing their Beige Book, and BoE Governor Bailey is also speaking. On the data front, the main release will be the manufacturing PMIs from around the world, but there’s also the ADP’s report of private payrolls for November in the US, the ISM manufacturing reading in the US as well for November, and German retail sales for October. Market Snapshot S&P 500 futures up 1.2% to 4,620.75 STOXX Europe 600 up 1.0% to 467.58 MXAP up 0.9% to 191.52 MXAPJ up 1.1% to 626.09 Nikkei up 0.4% to 27,935.62 Topix up 0.4% to 1,936.74 Hang Seng Index up 0.8% to 23,658.92 Shanghai Composite up 0.4% to 3,576.89 Sensex up 1.0% to 57,656.51 Australia S&P/ASX 200 down 0.3% to 7,235.85 Kospi up 2.1% to 2,899.72 Brent Futures up 4.2% to $72.15/bbl Gold spot up 0.2% to $1,778.93 U.S. Dollar Index little changed at 95.98 German 10Y yield little changed at -0.31% Euro down 0.1% to $1.1326 Top Overnight News from Bloomberg U.S. Secretary of State Antony Blinken will meet Russian Foreign Minister Sergei Lavrov Thursday, the first direct contact between officials of the two countries in weeks as tensions grow amid western fears Russia may be planning to invade Ukraine Oil rebounded from a sharp drop on speculation that recent deep losses were excessive and OPEC+ may on Thursday decide to pause hikes in production, with the abrupt reversal fanning already- elevated volatility The EU is set to recommend that member states review essential travel restrictions on a daily basis in the wake of the omicron variant, according to a draft EU document seen by Bloomberg China is planning to ban companies from going public on foreign stock markets through variable interest entities, according to people familiar with the matter, closing a loophole long used by the country’s technology industry to raise capital from overseas investors Manufacturing activity in Asia outside China stabilized last month amid easing lockdown and border restrictions, setting the sector on course to face a possible new challenge from the omicron variant of the coronavirus Germany urgently needs stricter measures to check a surge in Covid-19 infections and protect hospitals from a “particularly dangerous situation,” according to the head of the country’s DIVI intensive-care medicine lobby. A more detailed breakdown of global markets courtesy of Newsquawk Asian equity markets traded mostly positive as regional bourses atoned for the prior day’s losses that were triggered by Omicron concerns, but with some of the momentum tempered by recent comments from Fed Chair Powell and mixed data releases including the miss on Chinese Caixin Manufacturing PMI. ASX 200 (-0.3%) was led lower by underperformance in consumer stocks and with utilities also pressured as reports noted that Shell and Telstra’s entrance in the domestic electricity market is set to ignite fierce competition and force existing players to overhaul their operations, although the losses in the index were cushioned following the latest GDP data which showed a narrower than feared quarterly contraction in Australia’s economy. Nikkei 225 (+0.4%) was on the mend after yesterday’s sell-off with the index helped by favourable currency flows and following a jump in company profits for Q3, while the KOSPI (+2.1%) was also boosted by strong trade data. Hang Seng (+0.8%) and Shanghai Comp. (+0.4%) were somewhat varied as a tech resurgence in Hong Kong overcompensated for the continued weakness in casinos stocks amid ongoing SunCity woes which closed all VIP gaming rooms in Macau after its Chairman's recent arrest, while the mood in the mainland was more reserved after a PBoC liquidity drain and disappointing Chinese Caixin Manufacturing PMI data which fell short of estimates and slipped back into contraction territory. Finally, 10yr JGBs were lower amid the gains in Japanese stocks and after the pullback in global fixed income peers in the aftermath of Fed Chair Powell’s hawkish comments, while a lack of BoJ purchases further contributed to the subdued demand for JGBs. Top Asian News Asia Stocks Bounce Back from One-Year Low Despite Looming Risks Gold Swings on Omicron’s Widening Spread, Inflation Worries Shell Sees Hedge Funds Moving to LNG, Supporting Higher Prices Abe Warns China Invading Taiwan Would Be ‘Economic Suicide’ Bourses in Europe are firmer across the board (Euro Stoxx 50 +1.6%; Stoxx 600 +1.1%) as the positive APAC sentiment reverberated into European markets. US equity futures are also on the front foot with the cyclical RTY (+2.0%) outpacing its peers: ES (+1.2%), NQ (+1.5%), YM (+0.8%). COVID remains a central theme for the time being as the Omicron variant is observed for any effects of concern – which thus far have not been reported. Analysts at UBS expect market focus to shift away from the variant and more towards growth and earnings. The analysts expect Omicron to fuse into the ongoing Delta outbreak that economies have already been tackling. Under this scenario, the desk expects some of the more cyclical markets and sectors to outperform. The desk also flags two tails risks, including an evasive variant and central bank tightening – particularly after Fed chair Powell’s commentary yesterday. Meanwhile, BofA looks for an over-10% fall in European stocks next year. Sticking with macro updates, the OECD, in their latest economic outlook, cut US, China, Eurozone growth forecasts for 2021 and 2022, with Omicron cited as a factor. Back to trade, broad-based gains are seen across European cash markets. Sectors hold a clear cyclical bias which consists of Travel & Leisure, Basic Resources, Autos, Retail and Oil & Gas as the top performers – with the former bolstered by the seemingly low appetite for coordination on restrictions and measures at an EU level – Deutsche Lufthansa (+6%) and IAG (+5.1%) now reside at the top of the Stoxx 600. The other side of the spectrum sees the defensive sectors – with Healthcare, Household Goods, Food & Beverages as the straddlers. In terms of induvial movers, German-listed Adler Group (+22%) following a divestment, whilst Blue Prism (+1.7%) is firmer after SS&C raised its offer for the Co. Top European News Wizz Says Travelers Are Booking at Shorter and Shorter Notice Turkey Central Bank Intervenes in FX Markets to Stabilize Lira Gold Swings on Omicron’s Widening Spread, Inflation Worries Former ABG Sundal Collier Partner Starts Advisory Firm In FX, the Dollar remains mixed against majors, but well off highs prompted by Fed chair Powell ditching transitory from the list of adjectives used to describe inflation and flagging that a faster pace of tapering will be on the agenda at December’s FOMC. However, the index is keeping tabs on the 96.000 handle and has retrenched into a tighter 95.774-96.138 range, for the time being, as trade remains very choppy and volatility elevated awaiting clearer medical data and analysis on Omicron to gauge its impact compared to the Delta strain and earlier COVID-19 variants. In the interim, US macro fundamentals might have some bearing, but the bar is high before NFP on Friday unless ADP or ISM really deviate from consensus or outside the forecast range. Instead, Fed chair Powell part II may be more pivotal if he opts to manage hawkish market expectations, while the Beige Book prepared for next month’s policy meeting could also add some additional insight. NZD/AUD/CAD/GBP - Broad risk sentiment continues to swing from side to side, and currently back in favour of the high beta, commodity and cyclical types, so the Kiwi has bounced firmly from worst levels on Tuesday ahead of NZ terms of trade, the Aussie has pared a chunk of its declines with some assistance from a smaller than anticipated GDP contraction and the Loonie is licking wounds alongside WTI in advance of Canadian building permits and Markit’s manufacturing PMI. Similarly, Sterling has regained some poise irrespective of relatively dovish remarks from BoE’s Mann and a slender downward revision to the final UK manufacturing PMI. Nzd/Usd is firmly back above 0.6800, Aud/Usd close to 0.7150 again, Usd/Cad straddling 1.2750 and Cable hovering on the 1.3300 handle compared to circa 0.6772, 0.7063, 1.2837 and 1.3195 respectively at various fairly adjacent stages yesterday. JPY/EUR/CHF - All undermined by the aforementioned latest upturn in risk appetite or less angst about coronavirus contagion, albeit to varying degrees, as the Yen retreats to retest support sub-113.50, Euro treads water above 1.1300 and Franc straddles 0.9200 after firmer than forecast Swiss CPI data vs a dip in the manufacturing PMI. In commodities, WTI and Brent front month futures are recovering following yesterday’s COVID and Powell-induced declines in the run-up to the OPEC meetings later today. The complex has also been underpinned by the reduced prospects of coordinated EU-wide restrictions, as per the abandonment of the COVID video conference between EU leaders. However, OPEC+ will take centre stage over the next couple of days, with a deluge of source reports likely as OPEC tests the waters. The case for OPEC+ to pause the planned monthly relaxation of output curbs by 400k BPD has been strengthening. There have been major supply and demand developments since the prior meeting. The recent emergence of the Omicron COVID variant and coordinated release of oil reserves have shifted the balance of expectations relative to earlier in the month (full Newsquawk preview available in the Research Suite). In terms of the schedule, the OPEC meeting is slated for 13:00GMT/08:00EST followed by the JTC meeting at 15:00GMT/10:00EST, whilst tomorrow sees the JMMC meeting at 12:00GMT/07:00EST; OPEC+ meeting at 13:00GMT/08:00EST. WTI Jan has reclaimed a USD 69/bbl handle (vs USD 66.20/bbl low) while Brent Feb hovers around USD 72.50/bbl (vs low USD 69.38/bbl) at the time of writing. Elsewhere, spot gold and silver trade with modest gains and largely in tandem with the Buck. Spot gold failed to sustain gains above the cluster of DMAs under USD 1,800/oz (100 DMA at USD 1,792/oz, 200 DMA at USD 1,791/oz, and 50 DMA at USD 1,790/oz) – trader should be aware of the potential for a technical Golden Cross (50 DMA > 200 DMA). Turning to base metals, copper is supported by the overall risk appetite, with the LME contract back above USD 9,500/t. Overnight, Chinese coking coal and coke futures rose over 5% apiece, with traders citing disrupted supply from Mongolia amid the COVID outbreak in the region. US Event Calendar 7am: Nov. MBA Mortgage Applications, prior 1.8% 8:15am: Nov. ADP Employment Change, est. 525,000, prior 571,000 9:45am: Nov. Markit US Manufacturing PMI, est. 59.1, prior 59.1 10am: Oct. Construction Spending MoM, est. 0.4%, prior -0.5% 10am: Nov. ISM Manufacturing, est. 61.2, prior 60.8 2pm: U.S. Federal Reserve Releases Beige Book Nov. Wards Total Vehicle Sales, est. 13.4m, prior 13m Central Banks 10am: Powell, Yellen Testify Before House Panel on CARES Act Relief DB's Jim Reid concludes the overnight wrap If you’re under 10 and reading this there’s a spoiler alert today in this first para so please skip beyond and onto the second. Yes my heart broke a little last night as my little 6-year old Maisie said to me at bedtime that “Santa isn’t real is he Daddy?”. I lied (I think it’s a lie) and said yes he was. I made up an elaborate story about how when we renovated our 100 year old house we deliberately kept the chimney purely to let Santa come down it once a year. Otherwise why would we have kept it? She then asked what about her friend who lives in a flat? I tried to bluff my way through it but maybe my answer sounded a bit like my answers as to what will happen with Omicron. I’ll test both out on clients later to see which is more convincing. Before we get to the latest on the virus, given it’s the start of the month, we’ll shortly be publishing our November performance review looking at how different assets fared over the month just gone and YTD. It arrived late on but Omicron was obviously the dominant story and led to some of the biggest swings of the year so far. It meant that oil (which is still the top performer on a YTD basis) was the worst performer in our monthly sample, with WTI and Brent seeing their worst monthly performances since the initial wave of market turmoil over Covid back in March 2020. And at the other end, sovereign bonds outperformed in November as Omicron’s emergence saw investors push back the likelihood of imminent rate hikes from central banks. So what was shaping up to be a good month for risk and a bad one for bonds flipped around in injury time. Watch out for the report soon from Henry. Back to yesterday now, and frankly the main takeaway was that markets were desperate for any piece of news they could get their hands on about the Omicron variant, particularly given the lack of proper hard data at the moment. The morning started with a sharp selloff as we discussed at the top yesterday, as some of the more optimistic noises from Monday were outweighed by that FT interview, whereby Moderna’s chief executive had said that the existing vaccines wouldn’t be as effective against the new variant. Then we had some further negative news from Regeneron, who said that analysis and modelling of the Omicron mutations indicated that its antibody drug may not be as effective, but that they were doing further analysis to confirm this. However, we later got some comments from a University of Oxford spokesperson, who said that there wasn’t any evidence so far that vaccinations wouldn’t provide high levels of protection against severe disease, which coincided with a shift in sentiment early in the European afternoon as equities begun to pare back their losses. The CEO of BioNTech and the Israeli health minister expressed similar sentiments, noting that vaccines were still likely to protect against severe disease even among those infected by Omicron, joining other officials encouraging people to get vaccinated or get booster shots. Another reassuring sign came in an update from the EU’s ECDC yesterday, who said that all of the 44 confirmed cases where information was available on severity “were either asymptomatic or had mild symptoms.” After the close, the FDA endorsed Merck’s antiviral Covid pill. While it’s not clear how the pill interacts with Omicron, the proliferation of more Covid treatments is still good news as we head into another winter. The other big piece of news came from Fed Chair Powell’s testimony to the Senate Banking Committee, where the main headline was his tapering comment that “It is appropriate to consider wrapping up a few months sooner.” So that would indicate an acceleration in the pace, which would be consistent with the view from our US economists that we’ll see a doubling in the pace of reductions at the December meeting that’s only two weeks from today. The Fed Chair made a forceful case for a faster taper despite lingering Omicron uncertainties, noting inflation is likely to stay elevated, the labour market has improved without a commensurate increase in labour supply (those sidelined because of Covid are likely to stay there), spending has remained strong, and that tapering was a removal of accommodation (which the economy doesn’t need more of given the first three points). Powell took pains to stress the risk of higher inflation, going so far as to ‘retire’ the use of the term ‘transitory’ when describing the current inflation outlook. So team transitory have seemingly had the pitch taken away from them mid match. The Chair left an exit clause that this outlook would be informed by incoming inflation, employment, and Omicron data before the December FOMC meeting. A faster taper ostensibly opens the door to earlier rate hikes and Powell’s comment led to a sharp move higher in shorter-dated Treasury yields, with the 2yr yield up +8.1bps on the day, having actually been more than -4bps lower when Powell began speaking. They were as low as 0.44% then and got as high as 0.57% before closing at 0.56%. 2yr yields have taken another leg higher overnight, increasing +2.5bps to 0.592%. Long-end yields moved lower though and failed to back up the early day moves even after Powell, leading to a major flattening in the yield curve on the back of those remarks, with the 2s10s down -13.7bps to 87.3bps, which is its flattest level since early January. Overnight 10yr yields are back up +3bps but the curve is only a touch steeper. My 2 cents on the yield curve are that the 2s10s continues to be my favourite US recession indicator. It’s worked over more cycles through history than any other. No recession since the early 1950s has occurred without the 2s10s inverting. But it takes on average 12-18 months from inversion to recession. The shortest was the covid recession at around 7 months which clearly doesn’t count but I think we were very late cycle in early 2020 and the probability of recession in the not too distant future was quite high but we will never know.The shortest outside of that was around 9 months. So with the curve still at c.+90bps we are moving in a more worrying direction but I would still say 2023-24 is the very earliest a recession is likely to occur (outside of a unexpected shock) and we’ll need a rapid flattening in 22 to encourage that. History also suggests markets tend to ignore the YC until it’s too late. So I wouldn’t base my market views in 22 on the yield curve and recession signal yet. However its something to look at as the Fed seemingly embarks on a tightening cycle in the months ahead. Onto markets and those remarks from Powell (along with the additional earlier pessimism about Omicron) proved incredibly unhelpful for equities yesterday, with the S&P 500 (-1.90%) giving up the previous day’s gains to close at its lowest level in over a month. It’s hard to overstate how broad-based this decline was, as just 7 companies in the entire S&P moved higher yesterday, which is the lowest number of the entire year so far and the lowest since June 11th, 2020, when 1 company ended in the green. Over in Europe it was much the same story, although they were relatively less affected by Powell’s remarks, and the STOXX 600 (-0.92%) moved lower on the day as well. Overnight in Asia, stocks are trading higher though with the KOSPI (+2.02%), Hang Seng (+1.40%), the Nikkei (+0.37%), Shanghai Composite (+0.11%) and CSI (+0.09%) all in the green. Australia’s Q3 GDP contracted (-1.9% qoq) less than -2.7% consensus while India’s Q3 GDP grew at a firm +8.4% year-on-year beating the +8.3% consensus. In China the Caixin Manufacturing PMI for November came in at 49.9 against a 50.6 consensus. Futures markets are indicating a positive start to markets in US & Europe with the S&P 500 (+0.73%) and DAX (+0.44%) trading higher again. Back in Europe, there was a significant inflation story amidst the other headlines above, since Euro Area inflation rose to its highest level since the creation of the single currency, with the flash estimate for November up to +4.9% (vs. +4.5% expected). That exceeded every economist’s estimate on Bloomberg, and core inflation also surpassed expectations at +2.6% (vs. +2.3% expected), again surpassing the all-time high since the single currency began. That’s only going to add to the pressure on the ECB, and yesterday saw Germany’s incoming Chancellor Scholz say that “we have to do something” if inflation doesn’t ease. European sovereign bonds rallied in spite of the inflation reading, with those on 10yr bunds (-3.1bps), OATs (-3.5bps) and BTPs (-0.9bps) all moving lower. Peripheral spreads widened once again though, and the gap between Italian and German 10yr yields closed at its highest level in just over a year. Meanwhile governments continued to move towards further action as the Omicron variant spreads, and Greece said that vaccinations would be mandatory for everyone over 60 soon, with those refusing having to pay a monthly €100 fine. Separately in Germany, incoming Chancellor Scholz said that there would be a parliamentary vote on the question of compulsory vaccinations, saying to the Bild newspaper in an interview that “My recommendation is that we don’t do this as a government, because it’s an issue of conscience”. In terms of other data yesterday, German unemployment fell by -34k in November (vs. -25k expected). Separately, the November CPI readings from France at +3.4% (vs. +3.2% expected) and Italy at +4.0% (vs. +3.3% expected) surprised to the upside as well. In the US, however, the Conference Board’s consumer confidence measure in November fell to its lowest since February at 109.5 (vs. 110.9 expected), and the MNI Chicago PMI for November fell to 61.8 9vs. 67.0 expected). To the day ahead now, and once again we’ll have Fed Chair Powell and Treasury Secretary Yellen appearing, this time before the House Financial Services Committee. In addition to that, the Fed will be releasing their Beige Book, and BoE Governor Bailey is also speaking. On the data front, the main release will be the manufacturing PMIs from around the world, but there’s also the ADP’s report of private payrolls for November in the US, the ISM manufacturing reading in the US as well for November, and German retail sales for October. Tyler Durden Wed, 12/01/2021 - 07:47.....»»

Category: blogSource: zerohedgeDec 1st, 2021

62 of the best early Cyber Monday deals you can shop now: Amazon, Target, Walmart, and more (live updates)

We're updating the best 2021 Cyber Monday deals in real-time. You can save on AirPods, LifeStraws, Amazon Echo, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Kohl's; Sardel; Amazon; Apple; Nike; Alyssa Powell/InsiderFinding the best Cyber Monday deals isn't always as simple as it seems. With every major retailer running their own version of the massive sale, figuring out what's available and whether it's a good deal or not can turn into more of a chore than it needs to be.We're here to help. Our 30 full-time editors and reporters spend the year researching and personally testing hundreds of products in their areas of expertise and consult with industry professionals ranging from "The Sleep Doctor" for the best mattresses to our own medical review board for health coverage. Read more about why you can trust us here.We'll be continually updating this page with the best Cyber Monday discounts and lightning deals so you don't have to scroll through pages of sales to find the true hidden gems.Keep in mind that many of the deals available ahead of and throughout Cyber Monday only run for a few hours (or in limited quantities). Take Amazon's aptly named Lightning Deals, for instance. These are intentionally active for a short period of time with a set number of the product available for purchase — once the timer gets to zero, or the deal becomes "100% claimed," the discount ends.Our list is sorted by the newest deal first, and we'll be updating it multiple times every hour. Check back frequently for the freshest Cyber Monday deals across all major retailers like Best Buy, Amazon, Target, Walmart, and more.The best early Cyber Monday shopping deals right now25% off Bioderma Sensibio H2O Micellar WaterBiodermaBioderma Sensibio H2O Micellar WaterIf you want a classic, no fuss makeup remover that is effective, affordable, and has instant results, Bioderma Sensibio H2O Micellar Water is a winner.$11.24 FROM AMAZONOriginally $14.99 | Save 25%$14.99 FROM WALGREENS20% off the Brooklinen Weighted ComforterJen Gushue/InsiderBrooklinen Weighted Comforter (15 lb)Brooklinen's Weighted Comforter has a premium plush design that blends seamlessly with the rest of your bedding.$199.20 FROM BROOKLINENOriginally $249.00 | Save 20%34% off the Breville Nespresso Pixie Espresso MachineCourtesy of Owen Burke/InsiderNespresso Pixie by BrevilleIf you want to keep your investment low and save time, there's no better way to go than the Breville-Nespresso Pixie.$146.01 FROM AMAZONOriginally $219.95 | Save 34%5% off the OXO Brew Conical Burr Coffee GrinderAmazonOXO Brew Conical Burr Coffee GrinderThe OXO Brew Conical Burr Grinder grinds slowly, but that in turn reduces static, noise, and inconsistencies in your grounds.$99.99 FROM AMAZONOriginally $104.95 | Save 5%$104.95 FROM WILLIAMS SONOMA25% off the Foreo Luna Mini 2AmazonForeo Luna 2The Luna 2 is the second generation model of Luna Foreo facial cleansers. It’s reportedly bigger and more effective than its predecessor thanks to upgrades like longer touchpoints and 50% more power. This particular silicone pattern is the standard version recommended for “normal skin” — meaning you’re neither combination nor oily nor sensitive.$169.00 FROM FOREO$169.00 FROM AMAZONOriginally $199.00 | Save 15%29% off the Bose QuietComfort EarbudsTony Villas Boas/Business InsiderBose QuietComfort EarbudsThe Bose QuietComfort Earbuds are the best overall wireless noise cancelling earbuds you can buy with good sound and stellar noise cancellation.$199.00 FROM AMAZONOriginally $279.00 | Save 29%$199.00 FROM BEST BUYOriginally $279.00 | Save 29%$199.00 FROM BOSEOriginally $279.00 | Save 29%$199.00 FROM WALMARTOriginally $279.00 | Save 29%5% off the 2021 Apple TV 4KAppleApple TV 4K (2021)The Apple TV 4K is a good fit for buyers who want easy integration with the rest of Apple's products, and the latest model features an improved remote and processor. $169.00 FROM AMAZONOriginally $179.00 | Save 6%$179.00 FROM APPLE40% off the Bose QuietComfort 35 IIBest BuyBose QuietComfort 35 IIThe Bose QuietComfort 35 II are still excellent headphones and exist alongside the newer Bose 700 as a more affordable wireless noise-canceling option.$179.00 FROM BEST BUYOriginally $299.00 | Save 40%$179.00 FROM WALMARTOriginally $299.00 | Save 40%Save 26% on a Dell gaming laptopDellDell G3 15 Gaming LaptopThe Dell G3 15-inch has a smaller display than the previous laptop, but it still boasts reasonably good specs and comes at a pretty affordable price.$685.99 FROM DELLOriginally $928.99 | Save 26%Save up to 25% on Kitchenaid countertop appliancesOwen Burke/InsiderKitchenAid K150If all you're making is the odd smoothie, the Kitchenaid K150's timeless design will more than suffice.$74.98 FROM KITCHENAIDOriginally $99.99 | Save 25%KitchenAid 4.5-Quart Classic Series Tilt-Head Stand MixerThe KitchenAid K45SS 4.5-Quart Classic Series Stand Mixer is the ideal mixer for beginner bakers since it's affordable and can handle most mixing tasks.$249.99 FROM KITCHENAIDOriginally $299.99 | Save 17%KitchenAid Professional 5 Plus Series 5-Quart Bowl-Lift Stand MixerThis KitchenAid is a powerful mixer that can handle sticky doughs and a few quarts of cake batter, but isn't too bulky for a home kitchen. It comes in eight colors, and each includes a flat beater, a spiral dough hook, and a wire whisk. $249.99 FROM TARGETOriginally $429.99 | Save 42%Save 20% on Glerups slippersBackcountryGlerups The Slip-On Rubber SlipperA simple, classic, breathable design with 100% wool that slowly molds to your feet.$107.96 FROM BACKCOUNTRYOriginally $134.94 | Save 20%Up to 25% off Nespresso Vertuo espresso machinesAmazonNespresso VertuoPlus Coffee and Espresso Maker by De'LonghiThe Nespresso VertuoPlus Coffee and Espresso Maker by De'Longhi takes all the work out of making espresso at home, and you can get tons of differently flavored pods.$119.25 FROM AMAZONOriginally $159.00 | Save 25%$141.75 FROM BEST BUYOriginally $189.00 | Save 25%$151.19 FROM TARGETOriginally $189.99 | Save 20%$99.00 FROM WALMARTOriginally $135.00 | Save 27%Nespresso Vertuo Next Espresso MakerThe Wi-Fi-enabled Vertuo Next is a compact Nespresso machine that heats up in 30 seconds and is compatible with Vertuo capsules.$132.00 FROM AMAZONOriginally $209.95 | Save 37%Save up to 57% on LifeStraw filtersAmazonLifeStraw Personal Water FilterLifeStraws are portable filters that can make even some of the murkiest standing water drinkable. For backpackers and hikers, a LifeStraw can be an invaluable tool in dire situations. $12.99 FROM AMAZONOriginally $29.95 | Save 57%$12.99 FROM WALMARTOriginally $17.47 | Save 26%LifeStraw Personal Water Filter (2-Pack)LifeStraw's Personal Water Filter is a portable filter that cleanses water of bacteria and parasites to make it safe to drink. For backpackers and hikers, a LifeStraw can be an invaluable tool in dire situations and is a great addition to any emergency kit.$22.99 FROM AMAZONOriginally $39.95 | Save 42%Save up to 44% on Blink Home Security SystemsAmazonAmazon Blink OutdoorAmazon's Blink Outdoor is a wireless, outdoor security camera that's able to run for up to two years on just two AA batteries, allows you to monitor activity outside your home, and is capable of standing up to wind, rain, sleet, or snow. $99.99 FROM AMAZONOriginally $179.99 | Save 44%Save up to 58% on Amazon devicesAmazonRing Video Doorbell and Echo Dot bundleThe Ring Doorbell with Echo Dot bundle brings two of the most innovative and ubiquitous gadgets on the market together. You can monitor who comes to your door with the Ring and interact with them using the echo.$41.99 FROM AMAZONOriginally $99.98 | Save 58%Amazon Fire TV Stick 4K with AlexaThe Amazon Fire TV Stick with Alexa plugs into your TV seamlessly, providing you with Ultra HD and Dolby Atmos sound. You can get it for 50% off during Kohl's Black Friday Event. $24.99 FROM KOHL'SOriginally $49.99 | Save 50%Amazon Fire HD 10The latest Amazon Fire HD 10 (2019) is super affordable, but it still delivers a good set of features that you'll enjoy using for watching videos and running simple apps.$74.98 FROM AMAZONOriginally $149.99 | Save 50%Save $50 on Beats Studio BudsThe Beats Studio Buds support hands free Siri, but other voice assistants require touch controlsLisa Eadicicco/InsiderBeats Studio BudsThe Beats Studio Buds offer great sound, an excellent fit, and decent noise cancellation for $150. They support instant pairing for both iPhone and Android users, but the iPhone experience is still more seamless.$99.99 FROM BEST BUYOriginally $149.99 | Save 33%$99.95 FROM AMAZONOriginally $149.94 | Save 33%$149.99 FROM APPLE$99.99 FROM TARGETOriginally $149.99 | Save 33%$99.95 FROM WALMARTOriginally $149.94 | Save 33%Up to 40% off the Instant Pot Duo Crisp Pressure CookerJen Gushue/InsiderInstant Pot Duo Crisp Pressure Cooker with Air Fryer (8 Qt)The Instant Pot Duo Crisp is a pressure cooker, slow cooker, air fryer, and sous vide machine all in one, making it one of the most useful and economical small appliances we tested.$119.95 FROM AMAZONOriginally $199.99 | Save 40%$119.99 FROM TARGETOriginally $199.99 | Save 40%$119.95 FROM INSTANTOriginally $199.99 | Save 40%Instant Pot Duo Crisp Pressure Cooker with Air Fryer (6 Qt)The smaller-capacity version of the Duo Crisp, this Instant Pot adds air frying and sous vide tech to its already packed resume of cooking options. This pressure cooker, typically selling between $150 and $180, has dropped to $79 during Walmart's Cyber Monday sale — the lowest price we've ever seen on this model.$119.00 FROM WALMARTOriginally $149.99 | Save 21%$129.99 FROM AMAZONOriginally $149.00 | Save 13%40% off the Oral-B Pro 1000 CrossAction Electric ToothbrushAmazonOral-B Pro 1000 CrossAction Electric ToothbrushWe love this electric toothbrush as a budget-friendly option that doesn't compromise on performance. It's also the path of least resistance to helping your teen build their own healthy habits.$29.97 FROM AMAZONOriginally $49.94 | Save 40%$300 off Lifespan Folding TreadmillLifeSpanLifeSpan TR1200i Folding TreadmillThe TR1200i is the baby sister of our top pick for a folding treadmill, the TR300i, with fewer built-in training programs and fewer fancy features like manual instead of digital buttons. But it's nearly the same size, has the same motor, and the same shock absorption — but for significantly cheaper.$899.00 FROM LIFESPANOriginally $1199.00 | Save 25%$100 off Fitbit SenseFitbitFitbit SenseThe Sense smartwatch has a ton of added features, focusing on heart health and stress management, giving you a more holistic look at your well-being. $199.00 FROM AMAZONOriginally $299.95 | Save 34%$199.95 FROM BEST BUYOriginally $299.95 | Save 33%$199.95 FROM FITBITOriginally $299.95 | Save 33%60% off Everlane Glove Boot ReKnitEverlaneEverlane Glove Boot ReKnitEverlane's Glove Boot is a sleek boot made with stretchy, sustainable knit fabric and a walkable heel for all-day comfort. $46.00 FROM EVERLANEOriginally $115.00 | Save 60%42% off Revlon One-Step Hair Dryer and VolumizerElana Rubin/INSIDERRevlon One-Step Hair Dryer and VolumizerThe Revlon One-Step Hair Dryer and Volumizer is a hot air brush designed to give you volume and shine in a single step. Its oval brush barrel smooths hair while its rounded edges grab and curl your roots, leaving you with full, bouncy, and healthier-looking hair.$34.88 FROM AMAZONOriginally $59.99 | Save 42%$31.76 FROM WALMARTOriginally $59.99 | Save 47%$54.99 FROM TARGETOriginally $59.99 | Save 8%30% off the GoPro Hero 10Les Shu/InsiderGoPro Hero 10 BlackThis video and still camera has similar capabilities to larger variants, while maintaining the small go-anywhere form-factor it's known for.$349.98 FROM GOPROOriginally $499.99 | Save 30%35% off the iRobot Roomba 694AmazoniRobot Roomba 694This robot vacuum can be automated to work around your home schedule, and also works with virtual assistants like Alexa and Google Home. It's not the most powerful Roomba, but it can handle hardwood floors, pet hair and short carpets without issue.$179.00 FROM AMAZONOriginally $274.00 | Save 35%$179.99 FROM BEST BUYOriginally $274.99 | Save 35%41% off ECOVACS Deebot T8 Robot Vacuum CleanerJames Brains/InsiderEcovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$499.99 FROM AMAZONOriginally $749.99 | Save 33%$799.99 FROM BEST BUY38% off the Roku Streambar 2020RokuRoku Streambar 2020Too much clutter under the TV? The interesting Roku Streambar combines all of the features of a Roku 4K player with a compact soundbar.$79.98 FROM AMAZONOriginally $129.99 | Save 38%$79.98 FROM BEST BUYOriginally $129.99 | Save 38%$79.98 FROM TARGETOriginally $129.99 | Save 38%$99.00 FROM WALMARTOriginally $129.99 | Save 24%28% off the Google Nest Learning ThermostatGoogleGoogle Nest Learning Thermostat 3rd GenerationThe ever-popular Nest thermostat can help you lower your energy bills. It's compatible with a wide range of heating and cooling systems, though you'll definitely want to make sure it works with your setup before you buy. $179.00 FROM AMAZONOriginally $249.99 | Save 28%$179.99 FROM WALMARTOriginally $249.00 | Save 28%$179.99 FROM BEST BUYOriginally $249.99 | Save 28%$179.00 FROM TARGETOriginally $249.00 | Save 28%$199.00 FROM ADORAMAOriginally $249.99 | Save 20%$179.00 FROM KOHL'SOriginally $249.99 | Save 28%17% off the Theragun PrimeAmazonTheragun PrimeTheragun's Prime massage gun is the perfect blend of performance and value. It delivers a high-quality massage, is durably built, and features an ergonomic design that makes it easy to use anywhere on your body. It's also half the price of the flagship Pro model.$249.99 FROM THERABODYOriginally $299.00 | Save 16%$249.99 FROM KOHL'SOriginally $299.99 | Save 17%5% off the Apple Watch Series 7AmazonApple Watch Series 7Much more than a timepiece, the Apple Watch can also be used for keeping track of workouts, making phone calls, sending text messages, setting timers and alarms, counting calories, and more.$379.99 FROM AMAZONOriginally $399.00 | Save 5%$379.99 FROM WALMARTOriginally $399.00 | Save 5%$399.00 FROM APPLE36% off a pair of AirPods ProAmazonApple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $179.99 FROM AMAZONOriginally $249.99 | Save 28%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$159.00 FROM WALMARTOriginally $249.00 | Save 36%$209.00 FROM B&HOriginally $249.00 | Save 16%Up to 60% off Ancestry DNA kitsAmazonAncestryDNA DNA + TraitsThe AncestryDNA + Traits kit gives you all of the same information as you get from the above kit plus over 25 of your most interesting traits as determined by your genetics so you can learn about where your characteristics came from.$59.00 FROM AMAZONOriginally $119.00 | Save 50%AncestryDNA Genetic Ethnicity TestThe Ancestry DNA Origins + Ethnicity Test gets you access to the largest customer database, which means more detailed results and more family matches.$49.00 FROM ANCESTRYOriginally $99.00 | Save 51%$49.00 FROM WALMARTOriginally $99.00 | Save 51%10% off the Apple MacBook Air.....»»

Category: topSource: businessinsiderNov 28th, 2021

61 of the best early Cyber Monday deals you can shop now: Amazon, Target, Walmart, and more (live updates)

We're updating the best 2021 Cyber Monday deals in real-time. You can save on AirPods, LifeStraws, Amazon Echo, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Kohl's; Sardel; Amazon; Apple; Nike; Alyssa Powell/InsiderFinding the best Cyber Monday deals isn't always as simple as it seems. With every major retailer running their own version of the massive sale, figuring out what's available and whether it's a good deal or not can turn into more of a chore than it needs to be.We're here to help. Our 30 full-time editors and reporters spend the year researching and personally testing hundreds of products in their areas of expertise and consult with industry professionals ranging from "The Sleep Doctor" for the best mattresses to our own medical review board for health coverage. Read more about why you can trust us here.We'll be continually updating this page with the best Cyber Monday discounts and lightning deals so you don't have to scroll through pages of sales to find the true hidden gems.Keep in mind that many of the deals available ahead of and throughout Cyber Monday only run for a few hours (or in limited quantities). Take Amazon's aptly named Lightning Deals, for instance. These are intentionally active for a short period of time with a set number of the product available for purchase — once the timer gets to zero, or the deal becomes "100% claimed," the discount ends.Our list is sorted by the newest deal first, and we'll be updating it multiple times every hour. Check back frequently for the freshest Cyber Monday deals across all major retailers like Best Buy, Amazon, Target, Walmart, and more.The best early Cyber Monday shopping deals right now20% off the Brooklinen Weighted ComforterJen Gushue/InsiderBrooklinen Weighted Comforter (15 lb)Brooklinen's Weighted Comforter has a premium plush design that blends seamlessly with the rest of your bedding.$199.20 FROM BROOKLINENOriginally $249.00 | Save 20%34% off the Breville Nespresso Pixie Espresso MachineCourtesy of Owen Burke/InsiderNespresso Pixie by BrevilleIf you want to keep your investment low and save time, there's no better way to go than the Breville-Nespresso Pixie.$146.01 FROM AMAZONOriginally $219.95 | Save 34%5% off the OXO Brew Conical Burr Coffee GrinderAmazonOXO Brew Conical Burr Coffee GrinderThe OXO Brew Conical Burr Grinder grinds slowly, but that in turn reduces static, noise, and inconsistencies in your grounds.$99.99 FROM AMAZONOriginally $104.95 | Save 5%$104.95 FROM WILLIAMS SONOMA25% off the Foreo Luna Mini 2AmazonForeo Luna 2The Luna 2 is the second generation model of Luna Foreo facial cleansers. It’s reportedly bigger and more effective than its predecessor thanks to upgrades like longer touchpoints and 50% more power. This particular silicone pattern is the standard version recommended for “normal skin” — meaning you’re neither combination nor oily nor sensitive.$169.00 FROM FOREO$169.00 FROM AMAZONOriginally $199.00 | Save 15%29% off the Bose QuietComfort EarbudsTony Villas Boas/Business InsiderBose QuietComfort EarbudsThe Bose QuietComfort Earbuds are the best overall wireless noise cancelling earbuds you can buy with good sound and stellar noise cancellation.$199.00 FROM AMAZONOriginally $279.00 | Save 29%$199.00 FROM BEST BUYOriginally $279.00 | Save 29%$199.00 FROM BOSEOriginally $279.00 | Save 29%$199.00 FROM WALMARTOriginally $279.00 | Save 29%5% off the 2021 Apple TV 4KAppleApple TV 4K (2021)The Apple TV 4K is a good fit for buyers who want easy integration with the rest of Apple's products, and the latest model features an improved remote and processor. $169.00 FROM AMAZONOriginally $179.00 | Save 6%$179.00 FROM APPLE40% off the Bose QuietComfort 35 IIBest BuyBose QuietComfort 35 IIThe Bose QuietComfort 35 II are still excellent headphones and exist alongside the newer Bose 700 as a more affordable wireless noise-canceling option.$179.00 FROM BEST BUYOriginally $299.00 | Save 40%$179.00 FROM WALMARTOriginally $299.00 | Save 40%Save 26% on a Dell gaming laptopDellDell G3 15 Gaming LaptopThe Dell G3 15-inch has a smaller display than the previous laptop, but it still boasts reasonably good specs and comes at a pretty affordable price.$685.99 FROM DELLOriginally $928.99 | Save 26%Save up to 25% on Kitchenaid countertop appliancesOwen Burke/InsiderKitchenAid K150If all you're making is the odd smoothie, the Kitchenaid K150's timeless design will more than suffice.$74.98 FROM KITCHENAIDOriginally $99.99 | Save 25%KitchenAid 4.5-Quart Classic Series Tilt-Head Stand MixerThe KitchenAid K45SS 4.5-Quart Classic Series Stand Mixer is the ideal mixer for beginner bakers since it's affordable and can handle most mixing tasks.$249.99 FROM KITCHENAIDOriginally $299.99 | Save 17%KitchenAid Professional 5 Plus Series 5-Quart Bowl-Lift Stand MixerThis KitchenAid is a powerful mixer that can handle sticky doughs and a few quarts of cake batter, but isn't too bulky for a home kitchen. It comes in eight colors, and each includes a flat beater, a spiral dough hook, and a wire whisk. $249.99 FROM TARGETOriginally $429.99 | Save 42%Save 20% on Glerups slippersBackcountryGlerups The Slip-On Rubber SlipperA simple, classic, breathable design with 100% wool that slowly molds to your feet.$107.96 FROM BACKCOUNTRYOriginally $134.94 | Save 20%Up to 25% off Nespresso Vertuo espresso machinesAmazonNespresso VertuoPlus Coffee and Espresso Maker by De'LonghiThe Nespresso VertuoPlus Coffee and Espresso Maker by De'Longhi takes all the work out of making espresso at home, and you can get tons of differently flavored pods.$119.25 FROM AMAZONOriginally $159.00 | Save 25%$141.75 FROM BEST BUYOriginally $189.00 | Save 25%$151.19 FROM TARGETOriginally $189.99 | Save 20%$99.00 FROM WALMARTOriginally $135.00 | Save 27%Nespresso Vertuo Next Espresso MakerThe Wi-Fi-enabled Vertuo Next is a compact Nespresso machine that heats up in 30 seconds and is compatible with Vertuo capsules.$132.00 FROM AMAZONOriginally $209.95 | Save 37%Save up to 57% on LifeStraw filtersAmazonLifeStraw Personal Water FilterLifeStraws are portable filters that can make even some of the murkiest standing water drinkable. For backpackers and hikers, a LifeStraw can be an invaluable tool in dire situations. $12.99 FROM AMAZONOriginally $29.95 | Save 57%$12.99 FROM WALMARTOriginally $17.47 | Save 26%LifeStraw Personal Water Filter (2-Pack)LifeStraw's Personal Water Filter is a portable filter that cleanses water of bacteria and parasites to make it safe to drink. For backpackers and hikers, a LifeStraw can be an invaluable tool in dire situations and is a great addition to any emergency kit.$22.99 FROM AMAZONOriginally $39.95 | Save 42%Save up to 44% on Blink Home Security SystemsAmazonAmazon Blink OutdoorAmazon's Blink Outdoor is a wireless, outdoor security camera that's able to run for up to two years on just two AA batteries, allows you to monitor activity outside your home, and is capable of standing up to wind, rain, sleet, or snow. $99.99 FROM AMAZONOriginally $179.99 | Save 44%Save up to 58% on Amazon devicesAmazonRing Video Doorbell and Echo Dot bundleThe Ring Doorbell with Echo Dot bundle brings two of the most innovative and ubiquitous gadgets on the market together. You can monitor who comes to your door with the Ring and interact with them using the echo.$41.99 FROM AMAZONOriginally $99.98 | Save 58%Amazon Fire TV Stick 4K with AlexaThe Amazon Fire TV Stick with Alexa plugs into your TV seamlessly, providing you with Ultra HD and Dolby Atmos sound. You can get it for 50% off during Kohl's Black Friday Event. $24.99 FROM KOHL'SOriginally $49.99 | Save 50%Amazon Fire HD 10The latest Amazon Fire HD 10 (2019) is super affordable, but it still delivers a good set of features that you'll enjoy using for watching videos and running simple apps.$74.98 FROM AMAZONOriginally $149.99 | Save 50%Save $50 on Beats Studio BudsThe Beats Studio Buds support hands free Siri, but other voice assistants require touch controlsLisa Eadicicco/InsiderBeats Studio BudsThe Beats Studio Buds offer great sound, an excellent fit, and decent noise cancellation for $150. They support instant pairing for both iPhone and Android users, but the iPhone experience is still more seamless.$99.99 FROM BEST BUYOriginally $149.99 | Save 33%$99.95 FROM AMAZONOriginally $149.94 | Save 33%$149.99 FROM APPLE$99.99 FROM TARGETOriginally $149.99 | Save 33%$99.95 FROM WALMARTOriginally $149.94 | Save 33%Up to 40% off the Instant Pot Duo Crisp Pressure CookerJen Gushue/InsiderInstant Pot Duo Crisp Pressure Cooker with Air Fryer (8 Qt)The Instant Pot Duo Crisp is a pressure cooker, slow cooker, air fryer, and sous vide machine all in one, making it one of the most useful and economical small appliances we tested.$119.95 FROM AMAZONOriginally $199.99 | Save 40%$119.99 FROM TARGETOriginally $199.99 | Save 40%$119.95 FROM INSTANTOriginally $199.99 | Save 40%Instant Pot Duo Crisp Pressure Cooker with Air Fryer (6 Qt)The smaller-capacity version of the Duo Crisp, this Instant Pot adds air frying and sous vide tech to its already packed resume of cooking options. This pressure cooker, typically selling between $150 and $180, has dropped to $79 during Walmart's Cyber Monday sale — the lowest price we've ever seen on this model.$119.00 FROM WALMARTOriginally $149.99 | Save 21%$129.99 FROM AMAZONOriginally $149.00 | Save 13%40% off the Oral-B Pro 1000 CrossAction Electric ToothbrushAmazonOral-B Pro 1000 CrossAction Electric ToothbrushWe love this electric toothbrush as a budget-friendly option that doesn't compromise on performance. It's also the path of least resistance to helping your teen build their own healthy habits.$29.97 FROM AMAZONOriginally $49.94 | Save 40%$300 off Lifespan Folding TreadmillLifeSpanLifeSpan TR1200i Folding TreadmillThe TR1200i is the baby sister of our top pick for a folding treadmill, the TR300i, with fewer built-in training programs and fewer fancy features like manual instead of digital buttons. But it's nearly the same size, has the same motor, and the same shock absorption — but for significantly cheaper.$899.00 FROM LIFESPANOriginally $1199.00 | Save 25%$100 off Fitbit SenseFitbitFitbit SenseThe Sense smartwatch has a ton of added features, focusing on heart health and stress management, giving you a more holistic look at your well-being. $199.00 FROM AMAZONOriginally $299.95 | Save 34%$199.95 FROM BEST BUYOriginally $299.95 | Save 33%$199.95 FROM FITBITOriginally $299.95 | Save 33%60% off Everlane Glove Boot ReKnitEverlaneEverlane Glove Boot ReKnitEverlane's Glove Boot is a sleek boot made with stretchy, sustainable knit fabric and a walkable heel for all-day comfort. $46.00 FROM EVERLANEOriginally $115.00 | Save 60%42% off Revlon One-Step Hair Dryer and VolumizerElana Rubin/INSIDERRevlon One-Step Hair Dryer and VolumizerThe Revlon One-Step Hair Dryer and Volumizer is a hot air brush designed to give you volume and shine in a single step. Its oval brush barrel smooths hair while its rounded edges grab and curl your roots, leaving you with full, bouncy, and healthier-looking hair.$34.88 FROM AMAZONOriginally $59.99 | Save 42%$31.76 FROM WALMARTOriginally $59.99 | Save 47%$54.99 FROM TARGETOriginally $59.99 | Save 8%30% off the GoPro Hero 10Les Shu/InsiderGoPro Hero 10 BlackThis video and still camera has similar capabilities to larger variants, while maintaining the small go-anywhere form-factor it's known for.$349.98 FROM GOPROOriginally $499.99 | Save 30%35% off the iRobot Roomba 694AmazoniRobot Roomba 694This robot vacuum can be automated to work around your home schedule, and also works with virtual assistants like Alexa and Google Home. It's not the most powerful Roomba, but it can handle hardwood floors, pet hair and short carpets without issue.$179.00 FROM AMAZONOriginally $274.00 | Save 35%$179.99 FROM BEST BUYOriginally $274.99 | Save 35%41% off ECOVACS Deebot T8 Robot Vacuum CleanerJames Brains/InsiderEcovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$499.99 FROM AMAZONOriginally $749.99 | Save 33%$799.99 FROM BEST BUY38% off the Roku Streambar 2020RokuRoku Streambar 2020Too much clutter under the TV? The interesting Roku Streambar combines all of the features of a Roku 4K player with a compact soundbar.$79.98 FROM AMAZONOriginally $129.99 | Save 38%$79.98 FROM BEST BUYOriginally $129.99 | Save 38%$79.98 FROM TARGETOriginally $129.99 | Save 38%$99.00 FROM WALMARTOriginally $129.99 | Save 24%28% off the Google Nest Learning ThermostatGoogleGoogle Nest Learning Thermostat 3rd GenerationThe ever-popular Nest thermostat can help you lower your energy bills. It's compatible with a wide range of heating and cooling systems, though you'll definitely want to make sure it works with your setup before you buy. $179.00 FROM AMAZONOriginally $249.99 | Save 28%$179.99 FROM WALMARTOriginally $249.00 | Save 28%$179.99 FROM BEST BUYOriginally $249.99 | Save 28%$179.00 FROM TARGETOriginally $249.00 | Save 28%$199.00 FROM ADORAMAOriginally $249.99 | Save 20%$179.00 FROM KOHL'SOriginally $249.99 | Save 28%17% off the Theragun PrimeAmazonTheragun PrimeTheragun's Prime massage gun is the perfect blend of performance and value. It delivers a high-quality massage, is durably built, and features an ergonomic design that makes it easy to use anywhere on your body. It's also half the price of the flagship Pro model.$249.99 FROM THERABODYOriginally $299.00 | Save 16%$249.99 FROM KOHL'SOriginally $299.99 | Save 17%5% off the Apple Watch Series 7AmazonApple Watch Series 7Much more than a timepiece, the Apple Watch can also be used for keeping track of workouts, making phone calls, sending text messages, setting timers and alarms, counting calories, and more.$379.99 FROM AMAZONOriginally $399.00 | Save 5%$379.99 FROM WALMARTOriginally $399.00 | Save 5%$399.00 FROM APPLE36% off a pair of AirPods ProAmazonApple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $179.99 FROM AMAZONOriginally $249.99 | Save 28%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$159.00 FROM WALMARTOriginally $249.00 | Save 36%$209.00 FROM B&HOriginally $249.00 | Save 16%Up to 60% off Ancestry DNA kitsAmazonAncestryDNA DNA + TraitsThe AncestryDNA + Traits kit gives you all of the same information as you get from the above kit plus over 25 of your most interesting traits as determined by your genetics so you can learn about where your characteristics came from.$59.00 FROM AMAZONOriginally $119.00 | Save 50%AncestryDNA Genetic Ethnicity TestThe Ancestry DNA Origins + Ethnicity Test gets you access to the largest customer database, which means more detailed results and more family matches.$49.00 FROM ANCESTRYOriginally $99.00 | Save 51%$49.00 FROM WALMARTOriginally $99.00 | Save 51%10% off the Apple MacBook Air.....»»

Category: topSource: businessinsiderNov 28th, 2021

The 18 little home office luxuries we swear by for working from home in 2021

We see thousands of products every year, which makes us pretty selective. These are the desk accessories we use to keep us focused and comfortable. When you buy through our links, Insider may earn an affiliate commission. Learn more.Fluidstance Good tools amplify your attention or decrease distractions and clutter while you work. These are the items we keep on our desks to help us stay focused and comfortable in our home offices. Read more about how we test and review home and kitchen products. The catch-22 of having your office where you live is that you're surrounded by, well, your home. Instead of the usual work setup with an ergonomic rolling chair, large desk, and organizers of every kind, you might be working with a kitchen table and chair setup that could contribute to a longer and less enjoyable workday. Related Article Module: 19 simple accessories to help you declutter your workspace — all under $25These items aren't going to keep all the distractions at bay, but after working in our new home offices for the past year plus, they've definitely kept us more focused, productive, and comfortable — even at our kitchen tables.Here are 19 useful desk accessories:A balance boardFluidstanceFluidstance The LevelThe Level (button)I had a makeshift standing desk setup at home, and if you've ever had something similar, you know the position can be tiring on your feet. Fluidstance's balance boards help you stabilize your body and relieve some of the tension of standing, plus they're just plain fun to use. I found it to be a great way to train my balance and keep my body moving, and I love that the wooden design actually looks attractive, too. — Connie Chen, senior reporterA keyboard cover to protect against loud typing and messesAmazonMOSISO Silicone Keyboard CoverSilicone Keyboard Cover (button)This silicone keyboard cover muffles any sounds of clacking keys, which may helps avoid nonsensical arguments with my husband after we've both been working at home for more than a year. It also protects against food crumbs and spills. — Jada Wong, senior editorA cute little succulentLula's GardenLula's Garden Glow GardenGlow Garden (button)This little potted succulent is a cute way to add some greenery to your desk without taking up a lot of room. The cardboard "pot" is only a little wider than your average coffee mug but 10 times cuter. — Jada Wong, senior editorA stainless steel travel mugAmazonHydro Flask 12 oz Coffee Mug12 oz Coffee Mug (button)This insulated mug keeps my coffee hot for hours, so even if a meeting runs long or I get so focused on something that I forget to drink it. My drink always seems to stay nice and steamy. — Sally Kaplan, senior editorA wireless charging padNeiman MarcusCourant Catch 3 Wireless ChargerCatch:3 (button)Courant is a new startup that takes care of your functional needs (like charging your phone) while maintaining style and sophistication. Its sleek, Qi-certified wireless charger is made from high-grade aluminum and features a braided nylon cord and pebble-grain Italian leather top, making it the most luxe charging option your money can get. If you want to make your desk look as stylish as you do, this tech accessory will impress both you and your coworkers. — Connie Chen, senior reporterA posture belt for back painBetterBackBetterBack Support Posture BeltSupport Belt (button)I swear by the BetterBack for helping me to maintain good posture at my desk and relieving both upper and lower back pain throughout the day. I have a few slipped discs in my spine, so I deal with pretty chronic discomfort. This is the only tool (not counting stretching and acupuncture) that has ever helped mitigate my pain, which helps me focus on my work instead of on my back. You can read my full review of the BetterBack here, and I'd suggest speaking with your doctor before using this. — Sally Kaplan, senior editorA heating padAmazonPure Enrichment PureRelief XL King Size Heating PadPureRelief XL King Size Heating Pad (button)A heating pad is another excellent way to stay warm in a cold space. This is the one I use; I prop it up so that it's sandwiched between my lower back and my desk chair. It has six heat settings and automatically turns off after two hours of use. — Ellen Hoffman, executive editorA reusable smart notebookRocketbookRocketbook Everlast Reusable Smart NotebookEverlast (button)This is a good compromise for me as someone who learns better by writing things down but doesn't want to waste the paper or give up digitized notes. When you write on the Everlast notebook pages with an accompanying pen, you can later erase your writing with a damp cloth and reuse the same page over and over again. You can also digitize your handwritten notes using an app. I personally love it because it feels just like writing on paper, but reduces waste and the storage of tons of old notebooks. We also included it in our Buying Guide to the best smart notebooks you can buy. — Mara Leighton, senior reporterA luxe seat cushionPurplePurple Royal Seat CushionRoyal Seat Cushion (button)I asked for a Purple Seat Cushion for Christmas after reading Jessica Klein's review, and it's amazing what an instant and marked improvement it's made. Besides improving my posture while seated, it has made sitting down all day significantly more comfortable. — Ellen Hoffman, executive editorA wireless fast charger that clears up cablesAmazoniOttie iON Wireless Plus Fast ChargeriON Wireless Plus Fast Charger (button)My ideal workspace is neat and clutter-free, so I like to keep the number of things on my desk to a minimum. In doing so, I've gotten rid of wires wherever possible. The iOttie iON Wireless Plus is my solution to doing away with my normal iPhone cable. It looks great, doesn't take up much space, and charges my iPhone a lot faster than the standard power adapter and cable. — Amir Ismael, reporter A nice leather mouse pad NomadNomad Rustic Brown Leather Mouse PadRustic Brown Leather Mouse Pad (button)I actually use this as a desk pad instead of a mouse pad. It adds style and personality to my desk while also keeping my keyboard and planner from slipping around. — Malarie Gokey, deputy editorI love the sleek look of this mouse pad, but more importantly, I love that it's huge. When I'm trying to screenshot something, drag an image around, or move between my two monitors, it accommodates my sweeping motions. — Sally Kaplan, senior editorA nearly indestructible plantLeon & GeorgeZanzibar Gem plantZanzibar Gem (button)Plant delivery company Leon & George told me this tropical plant is "near-indestructible" and it was completely right. When I had this in the office for a half-year before we went remote, I've quite honestly neglected this plant. I water it whenever I feel like it or happen to remember, but it's still looking great and it brings me a lot of joy. The incorporation of greenery has made my desk set-up feel less sterile, and it couldn't be easier to take care of. The process of ordering from Leon & George was also painless. You can browse plants by size, benefits, and light needed, and your order arrives at your door fresh and carefully packaged. Read our full review here. — Connie Chen, senior reporterComputer glassesFelix GrayFelix Gray Nash EyeglassesNash Computer Glasses (button)I don't need prescription eyeglasses, but I wear a pair of blue light glasses when I work long days and later at night to avoid messing with my circadian rhythm since that's the kind of thing that can ruin a week (and my energy) by Wednesday morning. They're also just a welcome break from direct exposure to my devices sometimes. Read our full review here. — Mara Leighton, senior reporterA temperature control mug with a heating padBest BuyEmber Temperature Control Travel Mug 2Temperature Control Travel Mug 2 (button)I'm the kind of person who makes tea and forgets about it until it has become iced tea. Having a smart mug that keeps itself warm with a heating pad is life-changing. My Ember mug — which I named "Hot Stuff" as a joke and a reference to an album by The Killers — keeps my tea warm hours after I've made it. — Malarie Gokey, deputy editorA cute Post-It note dispenserAmazonPost-it Cat Figure Pop-up Note DispenserNotes Cat Dispenser (button)I'm obsessed with Post-It notes and cats, so this cat-shaped Post-It note dispenser is one of my favorite desk decorations. It holds my Post-Its perfectly and it looks cute on my desk. It's also weighted so it's hard to knock over, and if a real cat happened to walk on my desk, they'd struggle to knock it off. — Malarie Gokey, deputy editorA wireless mouseAmazonAnker Wireless MouseWireless Mouse (button)It's not just that this mouse is wireless and thus de-clutters my space, it's also that it's ergonomic. It's never glitched out on me and it always does what I need it to do — it's that simple. — Sally Kaplan, senior editorAn insulated sport water bottleTakeyaTakeya Actives Insulated Stainless Water BottleInsulated Stainless Steel Water Bottle (18 ounces) (button)I use this water bottle everywhere I go. It keeps my tea hot for hours, my cold brew cold for over 24 hours (with ice cubes intact), and has a conveniently durable build and no-drip or drop design for the gym. It's pretty cheap for a stainless steel water bottle, and the clip at the top means I can attach it to backpacks or duffel bags with clip-on straps for easy carrying. — Mara Leighton, senior reporterWhere to find more desk recommendationsLogitech/Business InsiderThe best desk for your home officeThe best standing desks for your homeThe Uplift standing desk is one of the best additions I've made to my work-from-home setupThe best standing desk matsThe Ergodriven Topo standing desk mat isn't cheap at $99, but it really helps with sore feet and muscle fatigueThe best office chairsThis fully adjustable office chair relieves my back pain and supports my entire bodyI've been working at home full-time and can't imagine doing it without this desk and chairThe best active seating for your officeThe best laptop standsThe best desk lamps for your officeThe best 2020 plannersTech gadgets we use to boost our productivity and comfort when we work from homeThe best computer miceThe best noise-canceling headphonesThe best cheap headphonesThe best wireless earbudsThe best webcamsRead the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 16th, 2021

Dundee Corporation Announces Significant Progress on Company Transformation and Reports Q3 2021 Financial Results

TORONTO, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX:DC) (the "Corporation" or "Dundee") today announced its financial results for the three and nine months ended September 30, 2021. All currency amounts in this press release are in Canadian dollars except as otherwise indicated. THIRD QUARTER 2021 RESULTS Demonstrated significant progress in rationalizing non-core legacy portfolio by completing the sale of the beef division of Blue Goose Capital Corp. ("Blue Goose") subsequent to quarter end for total proceeds of $71.1 million, including $8.1 million completed during the third quarter of 2021, and paid down $32.3 million in consolidated debt. Reduced total corporate G&A costs by 10% compared to the third quarter of 2020 (6% excluding stock-based compensation). Cash provided from operating activities was positive $0.9 million (2020 – negative $3.2 million) On a consolidated basis, the Corporation reported cash of $84.1 million as at September 30, 2021 (June 30, 2021 – $90.9 million). Generated consolidated revenues of $4.8 million (2020 – $5.1 million). Incurred a net loss attributable to owners of the Corporation of $48.2 million (2020 – earnings of $15.9 million), or a loss of $0.56 per share (2020 – earnings of $0.14 per share) including total non-cash items of $49.5 million. Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation, commented: "Dundee made significant progress in the third quarter of 2021 against all three of our strategic pillars: doing more mining deals, rationalizing our legacy portfolio of non-core assets, and streamlining our cost structure." "I am pleased with the way our entire Dundee investment team remained active in identifying, de-risking, and investing in mining companies with solid value propositions during the third quarter. Despite slower deal flow across the mining sector in the quarter, the DGMP team were finders in a number of financings. We increased positions in high-quality, well-run mining companies such as Magna Mining and Mako Gold, with shares of Magna accumulated in the fourth quarter. While the mining equity markets experienced relative softness in the quarter, we remain focused on investing for the long-term and working with our investee companies as advisors and partners to maximize asset value and realize their full potential." Mr. Goodman continued, "We were extremely successful in further rationalizing our legacy portfolio by completing the sale of Blue Goose's beef division, which closed after quarter end. Closing this deal represents a substantial milestone as Blue Goose was a major piece of our legacy portfolio. The aggregate proceeds of $71.1 million, including $8.1 in the third quarter, and subsequent repayment of debt significantly deleverages our balance sheet, reduces quarterly expenses, and frees up our team's time and resources to focus more closely on our core mining investment business. We will continue to look for ways to further rationalize our non-core legacy portfolio and will update the market on our progress on an ongoing basis." "We made further progress in driving down our Corporate G&A run rate in the third quarter of 2021. We see a clear path to additional G&A improvements in leasehold costs, IT costs, insurance costs, and other items. We remain laser-focused on reducing run-rate G&A as well as funding to subsidiaries." Mr. Goodman concluded, "Dundee continues to execute on all aspects of our transformation strategy. I am encouraged by our ability to sustain and grow our momentum through the first three quarters of 2021 and I look forward to a strong finish to the year. Our team remains committed to growing the core business and setting Dundee up to deliver long-term, sustainable value for our stakeholders, shareholders, and partners." FINANCIAL RESULTS   Operating results during the third quarter of 2021 reflect a $42.5 million market depreciation (2020 – $23.5 million market appreciation) in certain of the Corporation's investments that are carried in the consolidated financial statements at fair value through profit or loss. In addition, net income from investments during the third quarter of 2021 also includes $1.6 million (2020 – $0.7 million) dividend and interest income distributed from its portfolio investments. Of this decline, $33.4 million was attributed to the write down in our position in TauRx. Additionally, during the third quarter of 2021, the Corporation recognized a loss from its equity accounted investments, excluding real estate joint ventures, of $0.2 million (2020 – $2.0 million). On August 9, 2021, the Corporation entered into amending agreements with Eight Capital to modify the terms of its loan which had an outstanding principal balance of $12.4 million. Pursuant to the amendments, Eight Capital will pay $15.0 million to settle its loan balance along with interest and royalty obligations over three installments. Of the aggregate $15.0 million, $12.4 million will be applied against the principal and $1.5 million represents an additional interest payment. The balance of $1.1 million was paid in August to settle the royalty obligation. The Corporation recognized a $1.5 million investment gain on the fair value remeasurement of the loan in the third quarter. The loan continues to bear interest at a rate of 10% per annum. OPERATING SUBSIDIARIES' PERFORMANCE Goodman & Company, Investment Counsel Inc. ("GCIC") GCIC's assets under management ("AUM") decreased from $73.0 million at the end of June 2021 to $58.6 million at the end of September 2021. The decrease in AUM is mainly due to market depreciation of $14.4 million. During the third quarter of 2021, this segment recognized a net loss before taxes of $0.7 million (2020 – earnings of $0.1 million). Blue Goose Blue Goose completed the sale of its shares in Lambert Creek Organic Meats Ltd. ("Lambert Creek"), a regulated abattoir in British Columbia, and certain assets of The Blue Goose Cattle Company Ltd. ("BG Cattle") in September 2021 for aggregate proceeds of $8.1 million. Subsequent to quarter end, Blue Goose closed the sale of BG Cattle for aggregate proceeds of $63.0 million, inclusive of $17.2 million required to repay BG Cattle's debt, and recognized a loss of approximately $0.1 million, net of $5.3 million of transaction costs. Accordingly, the results of the beef division for the three and nine months ended September 30, 2021 and 2020 are classified as discontinued operations. During the third quarter of 2021, Blue Goose reassessed the fair value of ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzingaNov 12th, 2021

The 4 best space heaters we tested in 2021

After testing eight space heaters for safety, efficiency, and ease of use, these are the best ones to help you stay warm in 2021. Steph Coelho/Insider Table of Contents: Masthead Sticky A space heater can help keep you warm without wasting a lot of energy to heat your entire space. We tested eight space heaters for safety, efficiency, and ease of use to determine the best ones. Our top pick from Lasko heats quickly and efficiently, and the compact size fits any space. Find out more about how Insider Reviews tests and reviews home products. Temperature is incredibly subjective: I see this in my own home where I'm perpetually hot, and my husband is always cold.Space heaters are a good alternative if you need to warm up specific areas of your home. They can reduce friction if you're constantly fighting over the thermostat with your housemates and (building codes permitting) offer you some control over the temperature where the heat is not adjustable. They're also a good solution between seasons when it's not cold enough to turn on whole-house heat and are an obvious choice for garages, RVs, boats, and other places that may not have access to gas-powered heat. In addition to testing portable outdoor heaters and writing our guide to the best patio heaters, I've been testing and reviewing products for nearly half a decade, covering everything from fitness gadgets to kitchen appliances. For almost two months, I put eight space heaters through various tests to see how they would affect the ambient temperature in my home office. I evaluated their performance, ease of use, settings, noise level, and safety features. I also interviewed two experts on space heater safety, which you can read here. Here are the best space heaters in 2021Best space heater overall: Lasko Ceramic Portable Space HeaterBest full-size space heater: Lasko Cyclonic Digital Ceramic HeaterBest high-end space heater: Dyson Pure Hot+CoolBest space heater that's also a fan: Honeywell Versa Two Position Heater Best space heater overall Steph Coelho/Insider The Lasko Ceramic Portable Space Heater is a practical, no-frills miniature heater with enough juice to turn your chilly home office into a cozy, warm nook of productivity. Pros: Compact, incredibly efficient, easy to use, housing stays cool to the touch, overheat detector Cons: No tip-over safety switch, no temperature display This unit is the first space heater I tested, and I keep coming back to it for my personal use. It's one of the smallest heaters on this list at just about 10 inches tall but pulls a powerful 1,500 watts of power to heat efficiently for its miniature size.There are three settings (low, high, and fan) and an adjustable temperature dial. The temperature dial uses dots instead of specific temperatures, so it took some time to figure out how to adjust the unit to my preferred temperature. I ended up watching a YouTube video. Once I got it working, the heat cycling feature kept me comfortable for hours. It's relatively quiet, and I didn't feel the need to shut it off during Zoom calls. That said, it's not a whole-room heater: The unit only increased the overall temperature in my office by about 3 degrees Fahrenheit in my testing. However, sitting close to the heater, I felt much, much warmer.The heater has cool-touch housing, which didn't heat up during use, but the front grille gets quite hot (though this is common with most space heaters). It'll also shut off automatically if it detects overheating. The manual didn't specify at what temperature this function triggers, and I didn't encounter it during my testing.There's no tip-over safety switch, but the unit is quite stable. I really had to shove it off my desk for it to tip over. I can see myself using this frequently when I'm unwilling to turn on the furnace. It's easy to store and tote around the house. Best full-size space heater Steph Coelho/Insider The Lasko Cyclonic Digital Ceramic Heater is a full-size space heater that takes up minimal space and delivers an effective dose of warmth. Pros: Lightweight, accurate internal thermostat, overheat protectionCons: No fan-only option, no tip-over shutoff This is the model I recommend to my grandfather, who was looking for a space heater for his bedroom. At almost 2 feet tall, it's a full-size floor model, but it is surprisingly lightweight, so it's easy to move around from room to room.The light-up control panel is legible from afar and allows you to choose your desired room temperature, select high or low heat settings, and set a timer. You can also adjust the angle of the airflow if you don't want hot air blowing directly on you. The unit automatically cycles off and on when it reaches the right temperature. This function was accurate when I compared its temperature display to my reference thermometer. It's quiet for such a large machine, and it heats up a room quickly without blowing uncomfortably hot air. On a chilly morning, the heater was able to warm the air by 6 degrees Fahrenheit in under an hour. Unfortunately, this unit doesn't have a fan-only option. While there's a thermal overload detector to prevent overheating, there's no tip-over shutoff.Unlike other space heater models I tried, this model can be placed against a wall because of the way the air enters and exits the machine. Safety experts usually recommend keeping the backside of a space heater clear, but I did confirm that no hot air was blowing out the back of the machine, and it never overheated during use. Best high-end space heater Steph Coelho/Insider The Dyson Pure Hot+Cool's features, like air purifying, app compatibility, and some cooling capability, make it an expansive home appliance that does much more than heat. Pros: Air-purifying feature, all parts stay cool to the touch, 360-degree oscillation, automatically shuts off after nine hours or if overheating is detected, beautiful design, app control, smart assistant compatibility, tip-over switchCons: Onboard display is difficult to read, replacement filters are expensiveThis Dyson unit is ultra-fancy. It's a full-size heater with a unique oblong, donut-shaped design.Set up is straightforward; just click in the filters and plug in the unit. You can use the remote or an app (available on iOS or Android) to control and adjust the airflow speed, oscillation, temperature, airflow direction, and turn on the sleep timer or night mode — a feature that darkens the display and reduces the airflow speed.There's also a "cooling" mode, which is really just a fan. In testing, the cooling mode barely made a dent in room temperature, though the breeze did make me feel more comfortable. The heating function on the Dyson works much better. The room started warming almost immediately, and the heat was effectively dispersed throughout the room. Within the first hour of testing, the temperature increased by 6 degrees Fahrenheit — a welcome bit of warmth on a cold day.The heater has an auto-shutoff that prevents overheating and it will turn off if falls over or detects that the heating mode has been active for more than 9 hours. It's also the only heater where no part of the exterior is hot to the touch, making it safe for use around kids. The air purifier is the main advantage of the Dyson. It adjusts its fan speed to help clear your indoor air, and it was so efficient that it helped prevent keep pet hair and dander from exacerbating my asthma.The Dyson is also, by far, the most expensive space heater we tested. If you're just interested in warming a chilly space, you'll get similar heating power from the cheaper picks in this guide.Read our full review of the Dyson Hot + Cool. Best space heater that's also a fan Steph Coelho/Business Insider The Honeywell Versa Two Position Heater is a space-saving heater with a powerful fan and thoughtful safety features. Pros: Powerful fan, cool-touch housing, overheat protection, unique safety features intended to prevent electrical fires Cons: Noisy, no heat cycling, no tip-over switchThe "two-position" feature of this heater means you can place the unit upright or on its side so you can use it in a variety of spaces and situations. I primarily used it in the upright position and was impressed by how this little rectangular heater warmed my office by 3 degrees very quickly.It uses a fan to push heat around, and the warmth spreads evenly throughout my office instead of being concentrated in one area. Since the heat disperses so well, it didn't leave me sweating while I was waiting for my office to warm, unlike some other models I tried.In addition to being a good feature for dispersing heat, the fan can also keep you cool. While the fan is powerful on its own, this feature does make a fair bit of noise, which I could hear from adjoining rooms. I also appreciated the thoughtful safety features of this space heater. While it doesn't have a tip-over sensor, the unit stays cool to the touch, and the wiring is thermally insulated to prevent the cord from overheating.It also has an overheat sensor and an ALCI plug like those found on many blow dryers, which reacts quickly to shorts like a surge protector does. Overall, it's a great space heater for those who are safety conscious and those who want a product they can also use in warmer weather. What else we tested Steph Coelho/Business Insider All the heaters I tested worked as intended, quickly raising the temperature in my office by several degrees. A few just missed the mark for inclusion in our top picks. Here are the others we tested:What else we recommend and why:Honeywell Uberheat Ceramic Heater: This is a sleek little heater with an attractive aesthetic that looks more like a designer speaker than a space heater. It takes up minimal desk space and has several key safety features like a highly sensitive tip-over switch and an overheat detector. However, the cycling function didn't do a great job at maintaining a consistent temperature. More often than not, I felt uncomfortably hot. The front grille also gets very hot, so I had to be extra careful when handling the unit, though the rest of the housing does stay cool to the touch. Still, if you use the heater without the cycling function, it produces a fair bit of warmth and looks good doing it. It's a great heater for the design-conscious individual. What we don't recommend and why:Taotronics Space Heater: The moderate size of this heater was surprising, especially since marketing photos on Amazon make it look much bigger than it actually is. In reality, it's a little under a foot-and-a-half tall. When I used it on the floor, I felt like only my lower legs were warmed. When I used it on my desk, it was impossible to adjust and check the heat settings while seated, since the controls are at the top of the unit. It's likely why the unit comes with a remote, but it only serves to clutter up my workspace. It heats fine, looks sleek, and swivels, but it's an awkward size and shape for a space heater.Trustech Ceramic Space Heater: Straight out of the box, this unit intrigued me with its streamlined design, but as soon as I put it on my desk, I changed my tune. The heater has an oscillation feature with a spinning disc on the bottom of the unit, but it makes the heater feel unsteady compared to other models I tested. While it does have a tip-over switch, I never quite felt comfortable using this heater because of how wobbly it is. It heats up fine but no better than other heaters I tried and not enough to justify the design concerns.Vornado Velocity 5: This square-shaped heater looked rugged and powerful with its large fan placed prominently on display, but it was surprisingly underpowered. It didn't do a good job of dispersing heat, and I often felt chilly sitting right near it if it wasn't pointed directly at me. The crisp display is one of the most legible of all the heaters I tested, but the built-in thermostat is very inaccurate. Anytime I checked my reference thermometer, the reading on the heater's display was at least 3 to 4 degrees off the mark. Our space-heater testing methodology Steph Coelho/Business Insider In addition to interviewing two safety experts about space heaters, I relied heavily on my experience reviewing heating devices like patio heaters and portable outdoor heaters for this guide. I put all eight space heaters through the same set of standard tests and used a reference thermometer to collect temperature data. Here's what I looked for with each test:Ability to heat: This is the most important function of a space heater. I tested every heater in my 100-square-foot office. I used a reference thermometer positioned on the corner of my desk in the middle of the room. I placed the heaters diagonally from the thermometer — compact units sat on my desk while full-sized ones were placed in the far corner of my office. I tried each heater's various settings and took notes about the accuracy of internal thermostats. I was also looking for how well the heaters could hold the room at my desired temperature — usually around 70 to 72 degrees Fahrenheit — without blasting me with heat. To the best of my ability, I made sure that I didn't turn on my thermostat throughout testing except when there was a risk of pipes freezing or danger to my parrot's health. Most of the time, testing began when the temperature in my office was hovering somewhere between 60 and 64 degrees Fahrenheit. Time to heat: I used an indoor thermometer and a timer to evaluate how long it took for the space heater to bring the room up to my ideal temperature. Some models operate by blasting heat higher than your target temperature to get the room hot faster, but I found these made me sweaty. Units that were too slow left me shivering a few hours later. Units with an accurate cycling feature received bonus points for maintaining comfort levels in my office. Easy-to-use controls: While safety experts recommend reading the manual cover-to-cover before using a space heater, I tried to figure out the unit on my own before referencing any manuals. I looked for controls that were intuitive and easy to figure out.Size: In a small office, there's not much extra room. Extra points went to units that were powerful but still compact, lightweight, and easy to fit in a confined area. For those who have larger spaces to heat, we did include picks for full-size heaters.Noise: Every space heater made some noise, but some were a bit quieter than others. I docked points from units that I turned off for Zoom meetings or phone calls. Safety features: I verified whether safety features were functional (except for the overheating functions, since that would have presented a safety hazard), including tipping the units over to test for automatic shutoffs. What to look for in a space heater Space heaters convert electricity into heat and contain a fan that helps disperse the heat throughout the room. Most space heaters share a few standard functions, like a power button and high- or low-temperature settings. However, we've found a few key features to consider when shopping for a space heater:Power: Most heaters in our guide have 1,500 watts of power, which is pretty standard for space heaters. More-powerful heaters are usually marketed as "garage heaters" and either need to be hardwired into your electrical circuit or run on a special appliance circuit. Fortunately, a heater with 1,500 watts should be enough to heat a room of about 150 square feet. Heat-cycling function: For comfort and energy efficiency, you'll want a space heater with a heat-cycling function. It allows you to select the desired temperature that the unit then attempts to maintain by cycling on and off when the temperature is above or below the threshold. This is similar to how a built-in thermostat works in your home and prevents you from having to manually turn the unit on and off to maintain comfort levels. Not all cycling features work well, however; our picks above outline models with cycling features that are accurate and easy to use. Size: A small space heater is great for desktop use in a home office, dorm room, or office building. It'll usually heat just the area right around the heater comfortably, which is good enough if you're just looking for a small bubble of personal comfort. A space heater with a bigger footprint has a larger fan, which helps blow air around the room and is ideal for heating large spaces like garages or full rooms. Opt for a full-size heater if you have a lot of space to heat.Safety: We outline more safety features to look for in the section below, but overheat protection is a must. Space heater safety Steph Coelho/Business Insider Space heaters are ultra-convenient, but the safety experts we spoke to said they can also be dangerous if not used properly. According to a 2018 report from the National Fire Protection Association, space heaters cause 44% of US fires due to home heating and 81% of related deaths. Both Matthew Griffith, fire prevention section chief with the Montreal Fire Department, and Dan Mock, brand manager of Mr. Sparky, an electrical services company, said the number one rule for using a space heater is to never leave it unattended. Griffith said customers should look for a space heater that's certified by the Underwriter's Laboratory (UL or ULC in Canada) and has safety features like an auto-shutoff and tip-over switch. Mock also recommends reading the instruction manual cover-to-cover and inspecting the device before running it. It's also a good idea to keep the packaging so you can store the heater and keep it dust-free during the warmer months. Griffith said not to put a space heater too close to walls or flammable materials and keep the backside of the heater clear, as the unit can overheat if blocked.Mock also warns against using extension cords or overloading circuits with these types of appliances.  Space heater FAQs Do space heaters use a lot of power?This depends on what you consider to be "a lot." Most space heaters use 1,500 watts of power. To put that in context, if you were to use your space heater eight hours per day for a month, it would add $50.36 to your energy bill, based on the current average electricity rates.Are space heaters dangerous?When not used properly, space heaters are a serious fire hazard. You can reduce the risk of fire by never leaving the heater unattended, reading the user manual, inspecting the device before running it, and never putting it close to walls or flammable materials.Read the above slide about space heater safety for more info.How long can I keep a space heater on?Modern space heaters have a variety of features that make them safe to use for prolonged periods of time (over hours). However, you should still take the precautions mentioned above and turn the space heater off before you go to sleep.How long do space heaters last?Generally, the length of a manufacturer's warranty can tell you how long an item is expected to last. The space heaters in our guide have warranties of 1 to 3 years, but with proper care, they can last you for more than a decade. The best deals on space heaters from this guide Heating a large house gets expensive. When you spend most of your time in one or two rooms, it's just not worth it. This is where a space heater comes in handy. You can keep your thermostat low while the space heater keeps you warm where you need it most. A good space heater will pay for itself in energy savings, but you can speed up the savings by getting a good deal. It won't surprise you that they tend to go on sale in the spring as the weather heats up. Yet, you can also find deals on Black Friday and Cyber Monday. For example, the Lasko Ceramic Portable Space Heater was only $10 during one recent Black Friday weekend.If you don't know what to look for when shopping for space heater deals, we have you covered. We've compiled a list of the best deals on the space heaters we recommend.There are currently no deals on our recommended space heaters. Read more about how the Insider Reviews team evaluates deals and why you should trust us. Check out our other winter guides to keep warm Maria Del Russo/Insider The best fire pitsThe best winter boots for womenThe best winter coats for womenThe best winter coats for menThe best beanies Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 10th, 2021

The 6 best wine glasses in 2021

Any vessel can hold wine, but the right glass can determine how you smell and taste wine. These are the best wine glasses you can buy in 2021. When you buy through our links, Insider may earn an affiliate commission. Learn more. Connie Chen/Insider Drinking wine from a wine glass lets you fully enjoy its aroma, taste, and texture. For red wine, use a glass with a large bowl and wider opening to allow the wine to aerate. For white wine, look for a smaller bowl and opening and a long stem to keep the wine cool. A universal glass has a versatile shape to bring out the best of red, white, and rosé wines. See also: The best wine clubs Table of Contents: Masthead StickyYou've educated yourself on different grapes and varietals and picked out an enticing bottle of wine to enjoy. But to fully experience that wine at its finest, you need the best wine glass available. "The architecture of the wine glass is the final step in the journey from [the] vineyard to your palate. The height of the stem, the shape and size of the bowl, and even the base of the glass are intentionally designed to highlight the true expression of each varietal," said Aime Dunstan, winery event manager at Cakebread Cellars. That's why there are different glasses for red wine and white wine, and even within those categories, they're split further into glasses for different varietals like Burgundy and Chardonnay. "Red wine glasses tend to have a wider bowl and larger opening, which carefully brings out the aromas in a smooth and soft way. On the other hand, white wine glasses are thinner all around, which turns up the intensity and keeps the temperature of the wine cooler while you sip," said Ronda Fraley, sommelier and founder of online wine club The Wine Party Co. There are also universal glasses, which have a versatile shape that enhances the taste of all types of wine. "I suggest beginners get their feet wet by starting with a universal glass and then letting their passion grow from there," suggested Aldo Sohm, wine director at Le Bernardin and Aldo Sohm Wine Bar. Sohm uses a universal glass as his standard tasting glass.Our guide to the best wine glasses is split into three categories: red, white, and universal. All of our picks are based on research, expert input, and adherence to the typical features of each type of glass. Here are the best wine glasses in 2021 Best universal wine glasses: Schott Zwiesel, Good Trouble GlassBest red wine glasses: Spiegelau, RiedelBest white wine glasses: Williams Sonoma Reserve, Schott Zwiesel Best universal wine glasses Connie Chen/Insider Universal wine glasses, which have a bowl and opening that are not too big or small, are all-purpose chameleons that can be used with red, white, and rosé wines. They're excellent options for wine drinkers who want to keep things simple.Pure Collection All Purpose Wine Glass (Set of 2) (medium)The Universal Wine Glass (Set of 2) (medium) Best red wine glasses Connie Chen/Insider A red wine glass has a wider bowl and larger opening, both of which allow for better aeration of tannin-rich wines like Cabernet Sauvignon and Bordeaux. If you like wines from Burgundy such as Pinot Noir and Nebbiolo, get a glass with an even wider bowl and a more narrow opening; these varietals have more intense fruit notes, and the tapered shape helps concentrate and direct those notes to the nose.Burgundy Glass (Set of 4) (medium)Vinum Bordeaux Glass (medium) Best white wine glasses Connie Chen/Insider In a white wine glass, look for a smaller bowl and opening and a long stem. These features help keep wines like Sauvignon Blanc cool and better deliver aromas to the nose. However, if you're enjoying a full-bodied white wine like an oaky Chardonnay, you'll want a glass with a larger bowl.Reserve Sauvignon Blanc Wine Glass (Set of 2) (medium)Pure Wine White Wine Glasses (Set of 6) (medium) Our wine glass research methodology Riedel We spoke to a variety of experts about the most important features of different wine glasses, the best materials, general price ranges, and their favorite brands. With their advice in mind, we then selected glasses for all budgets in our three categories: red, white, and universal. Our next update will involve requesting samples of all the glasses, conducting durability tests, and bringing them to a wine expert to evaluate. Here are the durability tests we plan to do:Gently knock over each glass with 150 mL water in it (a standard glass of wine) three times and note any cracks and breakage.Hand wash each glass with warm soapy water and dry. Note any water spots. If the glass is dishwasher-safe, run it in the dishwasher. For glasses used for red wine, note any stains after use. Wine glass and wine drinking FAQs Williams Sonoma How many glasses should you buy? The number of glasses you should buy and the amount you should spend depends on how much you love wine and how often you entertain. "It all depends on the use and occasion," said Christine Collado, the general manager at wine shop Parcelle and former wine director at Chef's Table at Brooklyn Fare. "If you're having a huge party and know that breakage is going to be an issue — maybe just get something you're not as attached to. If you're wanting to make an investment, $15 to $30 per stem tends to be the average range." What glass do you use for rosé?Good news: you don't need to buy an entirely different set of glasses just to enjoy this summertime classic. Although there are glasses designed specifically for rosé on the market, our experts agree that a universal or white wine glass works just as well; you could even use a red wine glass for an especially deep varietal.Fraley said, "If rosé is your style of choice, I recommend going with a universal wine glass because it's a style that can be a bit of a chameleon. Bolder, deeper styles of rosé that look almost red, like those from Tavel, would benefit from the shape of a red wine glass whereas the lighter styles that are very pale in color, like those from Provence, would be better suited for a white wine glass."Crystal or glass?There are pros and cons to each, though the wine community generally seems to favor crystal for its beautiful yet durable construction. "Crystal glasses can be spun thin while maintaining durability so you maximize the drinking experience and account for clumsy moments at the same time," said Fraley. That's because crystal contains traces of minerals like magnesium or zinc, which strengthen the material. However, since it's porous, crystal can corrode if put in the dishwasher, which is why handwashing is recommended. On the other hand, glass is "a non-porous yet delicate material, which means that it won't corrode over time but it's more likely to break if you're not careful. It tends to be a bit more affordable so just look out for a thin, light glass that comes with a broken glass guarantee to get that enhanced experience with a little peace of mind," said Fraley. In summary, go with crystal if you want something extra durable and you don't mind washing your glasses by hand and spending more money. Go with glass if you can deal with occasional breakage, prefer throwing everything in the dishwasher, and want something less expensive.Stem or stemless?"When you hold a stemless wine glass, body heat from your hands will increase the temperature of the wine, and nobody likes a warm glass of wine," said Dunstan. A stemmed wine glass offers greater temperature control, and holding the glass by the stem reduces the appearance of unsightly fingerprints. At formal events, true oenophiles will go so far as to sip from the same spot on the rim each time to limit lip prints as well!" That said, you should also take your environment into consideration. If you're enjoying your wine outdoors in the company of children or pets, a stemless glass may be more practical and less mess-prone than a stemmed one.Do you need to decant wine before pouring it?Depends on the wine. It's recommended to decant older red wines because they produce sediment over time. The decanting process separates this gritty, bitter substance. Decanting (for both red and white wine) also exposes the wine to air and helps open up its flavors. "We recommend decanting red library wines aged eight or more years in-bottle for 30-60 minutes. Exposing older vintages to a wider plane of oxygen speeds up the breathing process, enhancing fruit and oak aromas," said Dunstan.What about swirling it around in your glass?If you're unable to decant your wine, "a brief swirl in whatever rhythm you can manage in the glass will accomplish [the exposure to oxygen] for younger wines," said Dunstan. A quick swirl of your glass before your first sip will release different aromas that wouldn't have appeared otherwise. And as you raise your glass to your nose and mouth, those aromas will be waiting for you in the bowl of the glass and make your overall wine experience more enjoyable. You can swirl your glass in any direction on a table, with your thumb and index finger at the base of the glass. If you're more confident you won't spill any wine, you can do it mid-air as well.How do I wash my wine glasses?It's best to handwash them with warm water and a small amount of mild, unscented soap, and focus on the rim and outside of the bowl. According to Riedel, you should "never hold the bowl and the base at the same time, as any twisting or pressure on the stem may cause it to snap." Then, use a lint-free cloth such as a microfiber towel to dry the glass. Letting the glass air dry may lead to streaking or water spots.What's the best way to store wine glasses?Because the rim of the glass is delicate, it's best to store them standing up, in a stable and secure place like a cabinet. Keep glasses away from dust, grease, and odor. Hanging racks, which store glasses bowl side down, also work, but there's greater chance of breakage in case the glass drops or is otherwise disturbed. Check out our other wine guides Connie Chen/Insider The best wine clubsThe best wine openers and corkscrewsThe best wine aeratorsThe best wine coolers and fridgesThe best Champagne glasses Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 9th, 2021

Futures Flat As Yields, Dollar Slide On Speculation Demo-Dove Brainard Will Replace Powell

Futures Flat As Yields, Dollar Slide On Speculation Demo-Dove Brainard Will Replace Powell For the second session in a row, S&P 500 futures reversed earlier losses and traded flat after falling as much as 0.3% earlier in the run-up to today's PPI report - the first of a couple of readings on inflation this week - as investors weighed the Federal Reserve’s warning that stock prices are "vulnerable to significant declines should investor risk sentiment deteriorate, progress on containing the virus disappoint, or the economic recovery stall." US Treasury yields fell and the dollar index slipped for a third consecutive day following a late Monday report that Joe Biden interviewed uber-dove and Hillary Clinton fan Lael Brainard for the central bank’s top job, although prediction markets were not impressed. European stocks advanced for a ninth day, the longest streak since June while Asian shares drifted. Some more stats from DB's Jim Reid There wasn’t an awful lot of newsflow for investors yesterday as they looked forward to tomorrow’s US CPI release, but the astonishing equity advance showed no signs of relenting just yet, with the S&P 500 (+0.09%) up for an 8th consecutive session to another record high. For reference, that’s the longest winning streak since April 2019, and if we get a 9th day in the green today, that would mark the longest run of consecutive gains since November 2004, back when George W. Bush had just beaten John Kerry to win a second term. It's also 17 out of 19 days up, which hasn’t happened since December 1971. At 715am S&P futures were up 1 point or 0.02% to 4,965. If, or rather when, the S&P closes green today, it will be up 9 consecutive sessions, the longest such streak since Nov 2004. Nasdaq futures rose another 33.25 points; If the nasdaq index is up today, it will be 12 days in a row, a feat it last achieved in 2009 and which hasn't been topped since 1992. “U.S. indexes continue flirting with all-time high levels following a surprise NFP read, the approval of Biden’s $550 billion spending bill and the discovery of an oral Covid treatment from Pfizer,” said Ipek Ozkardeskaya, senior analyst at Swissquote. “But inflation worries come to overshadow the Monday optimism.” Sysco and DoorDash are among companies reporting earnings. Rivian Automotive is scheduled to price its initial public offering, seeking to raise as much as $10 billion in a listing that could give the producer of electric trucks a fully diluted valuation of more than $70 billion. “The company is seen as the most serious competitor to Tesla in the EV race,” Ozkardeskaya said. “The company will be worth more than Honda and Ferrari." Paypal Holdings fell 4.5% in U.S. premarket trading with analysts saying the payments firm’s full-year guidance was a disappointment and that the shares are likely to remain under pressure near-term despite announcing a new Venmo deal with Amazon, while General Electric surged 11.6% in premarket after the U.S. conglomerate said it would split itself into three companies focused on aviation, healthcare and power. Tesla Inc shares rose 1.4%, rebounding from a nearly 5% fall on Monday after Chief Executive Elon Musk’s Twitter poll proposing to sell a tenth of his holdings garnered 57.9% vote in favor of the sale. The proposal also raised questions about whether Musk may have violated his settlement with the U.S. securities regulator again. Zynga Inc jumped 6.6% after the “FarmVille” creator beat quarterly net bookings estimates, while Tripadvisor Inc fell 7.4% after reporting downbeat quarterly earnings and announcing the departure of Chief Executive Stephen Kaufer. Here are some of the other notable premarket movers today: TripAdvisor (TRIP US) shares fall as much as 7% in U.S. premarket trading with analysts saying the company’s 3Q results and outlook are a disappointment given the travel recovery being seen across the board. Cryptocurrency-exposed stocks rise in U.S. premarket trading on Tuesday, set to extend Monday’s gains after the global crypto market hit the $3 trillion milestone Roblox (RBLX US) shares jump as much as 27% in U.S. premarket trading after the video-game platform firm’s quarterly bookings topped estimates even after the easing of Covid restrictions Naked Brand (NAKD US) shares rise as much as 45% in U.S. premarket trading, after the company said it will acquire commercial EV technology company Cenntro Automotive in a stock-for-stock deal Robinhood Markets (HOOD US) slides 3% in premarket trading after it said personal information of millions of customers was compromised in a data breach last week and that the culprit demanded a payment. Arrival (ARVL US) plunged 19% in extended trading after the electric-vehicle maker says previous long-term forecasts from the merger with the CIIG special purpose acquisition company should no longer be relied upon SmileDirectClub (SDC US) slumps 21% in U.S. premarket trading after its 3Q revenue and 4Q forecast missed the lowest analyst estimates Aterian (ATER US) shares jumped 24% in postmarket trading on Monday, after third-quarter revenue and gross margin topped analysts’ estimates Five9 (FIVN US) shares rose 8.8% in extended trading on Monday, after the software company reported third-quarter results that beat expectations RealReal (REAL US) shares jumped 5.5% in Monday extended trading, after the online marketplace reported third- quarter revenue that beat expectations Invitae (NVTA US) shares tumbled 14% postmarket after the genetics company cut its full- year revenue forecast 3D Systems (DDD US) fell 8.5% postmarket after reporting third-quarter results. The 3D printing firm narrowed its 2021 adjusted gross margin guidance to 41% to 43% from an earlier range of 40% to 44% Data from the Labor Department due at 8:30 a.m. ET is expected to show that its producer price index for final demand rose 0.6% in October, with accelerating inflation and tighter monetary policy becoming a bigger concern for investors than the COVID-19 pandemic. Global equities hovered near all-time highs as investors weigh strong earnings, easing travel curbs and U.S. infrastructure spending against the risk of persistent inflation that may lead to tighter monetary policy.  A better-than-expected earnings season, positive developments around COVID-19 antiviral pills and the loosening of travel curbs have recently helped the market continue its record run. European equities faded small opening losses in otherwise quiet trade, with Euro Stoxx 50 little changed and other major indexes adding ~0.2%. Retailers traded well, insurance and financial services are under pressure but ranges are relatively narrow. Bayer jumped 3% after the German producer of healthcare and agricultural products raised its earnings forecast. In the latest positive development in uranium, Rolls-Royce surged 4.9% after the British engineering company raised an equivalent $617 million to fund the development of small modular nuclear reactors. Investor sentiment in Germany rose unexpectedly in November on expectations that price pressures will ease at the start of next year and growth will pick up in Europe’s largest economy, a survey showed on Tuesday. The ZEW economic research institute said its economic sentiment index increased to 31.7 from 22.3 points in October. A Reuters poll had forecast a fall to 20.0. “Financial market experts are more optimistic about the coming six months,” ZEW President Achim Wambach said in a statement. “For the first quarter of 2022, they expect growth to pick up again and inflation to fall both in Germany and the euro zone,” Wambach added. A fall in a current conditions index to 12.5 from 21.6 - compared with a consensus forecast for 18.0 - showed investors expected that supply bottlenecks and inflationary pressures would hold back the economy in the current quarter, he said. Supply bottlenecks for raw and preliminary materials have weighed down industrial production here in Germany. Exports fell here for a second consecutive month in September. Asian equities were mixed, struggling to follow a positive lead from Wall Street as traders weighed economic optimism and Covid treatments against virus outbreaks across China. The MSCI Asia Pacific Index was up 0.1% on Tuesday, trimming an earlier 0.4% gain. SoftBank surged 11% after the company said it would buy back as much as 1 trillion yen ($8.8 billion) of its own stock. Wuxi Biologics rebounded from the previous day’s tumble, after the U.K. government said it will add some of China’s shots to approved vaccines for visitors.  Taiwan and the Philippines had the region’s top-performing benchmarks, with those in Japan and Malaysia slipping. While Asian markets attempted to follow increases seen on Wall Street overnight, “paring back of initial gains suggest that several factors including China’s Covid-19 situation and its property sector remain of concern,” said Jun Rong Yeap, market strategist with IG Asia Pte. in Singapore.  Investors are also awaiting news from China on the Communist Party’s meeting this week, its first major convention in more than a year. “The sixth plenum will quite possibly be a manifesto from Xi Jinping as he adopts the mantle of effective leader for life,” said Kyle Rodda, an analyst at IG Markets Ltd. “His agenda and rhetoric will be important, with investors nervous about what comes out about China’s strategic and economic direction.”  Over in Japan, a morning rally in Japanese stocks gave way to profit-taking for a second day, even as SoftBank Group surged on its latest buyback announcement. Electronics and chemical makers were the biggest drags on the Topix, which fell 0.8%, reversing an early 0.7% gain. Fast Retailing was the biggest contributor to a 0.8% decline in the Nikkei 225. The yen was up 0.4% against the dollar, in its forth day of advance. SoftBank jumped more than 10% after it said it will repurchase as much as 1 trillion yen ($8.8 billion) of its stock. Its climb helped drive Japanesestocks higher in early trading, after the S&P 500 rose to a new record high. “Futures were sold after the open as investors moved to book profits with the Nikkei 225 approaching 30,000,” said Hideyuki Ishiguro, a strategist at Nomura Asset Management in Tokyo. “There is a lack of catalysts for further gains, and the stronger yen is also limiting the upside.” Australian stocks edged lower, weighed down by bank. The S&P/ASX 200 index fell 0.2% to close at 7,434.20, with banks contributing the most to its drop. Eight of the benchmark’s 11 subgauges declined, while miners rallied. Inghams tumbled to its lowest price since May 27. Chalice Mining surgend after reporting its maiden Mineral Resource Estimate for the Gonneville Deposit at Julimar. In New Zealand, the S&P/NZX 50 index rose 0.4% to 13,090.58. In rates, USTs bull steepened, returning to Asia’s richest levels after speculation about a dovish change in leadership at the Fed. Treasuries advance across the curve, following wider gains across bunds; a bull-flattening move during Europe session was extended after Netherlands 2038 auction. Gilts long-end also well bid, adding support for Treasuries. Focal points for U.S. session include Fed’s Powell speaking at 9am ET, 10-year note auction at 1pm. Treasury yields were richer by 2bp-3bp across the curve, with curve spreads broadly within 1bp of Monday’s close; bunds outperform by ~1bp in the 10-year sector while long-end gilt yields are ~5bp lower on the day. Long-end Germany outperforms gilts and USTs, richening ~4bps. Peripheral spreads tighten with 10y Bund/BTP near 112bps. In FX, the Bloomberg Dollar Spot Index fell to its lowest level this month and Treasuries rallied following the report that Federal Reserve Governor Lael Brainard was interviewed for the top job at the central bank, with speculation that a Brainard-led Fed would be more dovish than that of current Chair Jerome Powell. The dollar was weaker against most of its Group-of-10 peers while the yen was among the top performers as traders wound back bets on higher global central- bank interest rates; the euro briefly rose above the $1.16 level before erasing gains. JPY tops the leaderboard with USD/JPY remaining sub-113. Cable briefly regains a 1.36-handle. In commodities, Crude futures push higher after a subdued Asia session. WTI adds 0.9% to trade near $82.60, Brent regains a $84-handle. Spot gold is range bound near $1,825/oz. Base metals hold modest gains with LME zinc the marginal outperformer Looking at the day ahead now, and data releases includethe US PPI reading for October, along with that month’s NFIB small business optimism index. Over in Germany, there’s also the ZEW survey for November and the trade balance for September. Central bank speakers include Fed Chair Powell, ECB President Lagarde, BoE Governor Bailey and PBoC Governor Yi Gang, along with the ECB’s Panetta, Rehn, Knot and Schnabel, the Fed’s Bullard, Daly and Kashkari, and BoE Deputy Governor Broadbent. Market Snapshot S&P 500 futures little changed at 4,693.50 STOXX Europe 600 up 0.1% to 484.28 MXAP little changed at 198.97 MXAPJ up 0.3% to 649.50 Nikkei down 0.8% to 29,285.46 Topix down 0.8% to 2,018.77 Hang Seng Index up 0.2% to 24,813.13 Shanghai Composite up 0.2% to 3,507.00 Sensex down 0.3% to 60,381.61 Australia S&P/ASX 200 down 0.2% to 7,434.20 Kospi little changed at 2,962.46 German 10Y yield little changed at -0.26% Euro little changed at $1.1588 Brent Futures up 0.7% to $83.99/bbl Gold spot up 0.0% to $1,824.68 U.S. Dollar Index little changed at 93.96 Top Overnight News from Bloomberg Just weeks ago, Wall Street analysts and central bankers were quick to assure investors that a collapse by China Evergrande Group wouldn’t be a Lehman moment. Regulators in Beijing said that the crisis would be “contained.” Now that a bond selloff has spread to China’s entire real estate sector and beyond, concern is growing about the potential risk to the global financial system The Federal Reserve warned that fragility in China’s commercial real-estate sector could spread to the U.S. if it deteriorates dramatically, as investor focus turns to China Evergrande Group’s next bond payment deadlines Japan ruling Liberal Democratic Party and coalition partner Komeito agree to give 50,000 yen in cash and 50,000 yen in coupons for every child 18 or younger, Kyodo reports, without attribution Boris Johnson is struggling to repress the U.K. backlash over his defense of a ruling party lawmaker who broke lobbying rules, as his government was openly accused of corruption in Parliament and even typically friendly newspapers took aim at his ruling Conservative Party Bitcoin jumped past $68,000 for the first time to a new all-time high, part of a wider recent rally in the cryptocurrency sector. The climb in cryptocurrencies overall has taken their combined value above $3 trillion. Bitcoin hit its October record following the launch of the first Bitcoin-linked exchange-traded fund for U.S. investors A more detailed look at global markets from Newsquawk Asia-Pac stocks traded indecisively as focus centred on earnings and despite the positive handover from Wall St where the S&P 500 notched an 8th consecutive record close amid a lack of catalysts to derail the momentum in stocks. ASX 200 (-0.2%) began marginally higher amid strength in the tech and mining sectors but with upside eventually reversed by losses in the top-weighted financial industry as NAB shares declined despite posting a 77% jump in FY cash earnings and its FY net more than doubled to AUD 6.4bln, although this was still short of some analysts’ forecasts and the Co. also noted that competitive pressures are expected to continue in FY22. Nikkei 225 (-0.7%) was choppy amid a slew of earnings releases with outperformance in SoftBank following its H1 results in which net income declined by more than 80%, but revenue increased and it confirmed a JPY 1tln share buyback. It was also reported that PM Kishida instructed COVID measures to be compiled this week and economic measures by next Friday, while a government panel recommended tax breaks for companies that increase wages, although Tokyo stocks have failed to benefit with early momentum offset by recent flows into the JPY. Hang Seng (-0.1%) and Shanghai Comp. (+0.2%) lacked firm direction amid mixed developer related headlines with Kaisa Group said to be taking several measures to solve liquidity issues and have pleaded for more time and patience from investors, while China Evergrande reportedly scraped together more cash by offloading a 5.7% stake in HengTen Networks for USD 145mln. Furthermore, the PBoC continued with its liquidity efforts but recent source reports noted that chances of a PBoC rate cut looks slim and that the PBoC is expected to be cautious in easing monetary policy amid stagflation concerns. Finally, 10yr JGBs were flat amid the indecisive mood in stocks and was only briefly supported from the improvement across most metrics at the latest 30yr JGB auction. Top Asian News Gold Rally Pauses as Focus Turns to Upcoming Inflation Data Indonesia Bonds Risk Losing Key Support as Outflows Surge Nissan Raises Profit Outlook Despite Supply Disruptions Fed Warns of Woes Spreading as Deadline Looms: Evergrande Update After a soft open, European equities trade in close proximity to the unchanged mark (Eurostoxx 50 +0.1%) with incremental newsflow relatively light thus far with a mixed German ZEW report unable to shift the dial. The handover from the Asia-Pac session was a mixed one with the region unable to benefit from the positive tailwinds on Wall St. Stateside, futures are near-enough unchanged with participants tentative ahead of tomorrow’s US CPI release which is expected to see Y/Y CPI rise to 5.8% from 5.4%. For the Stoxx 600, UBS’ announced today that its end-2022 target is at 520 which would mark around 8% of upside from current levels. In terms of a regional breakdown, UBS upgraded Italy to overweight from underweight whilst holding Germany and the UK as overweight. Sectors in Europe are a mixed bag with Autos outperforming peers as Renault (+4.6%) sits at the top of the CAC in the wake of Nissan earnings, which the Co. says will have a positive impact on its Q3 earnings. Basic Resources, Retail and Media names are also faring well. To the downside, Insurance names are on a softer footing following earnings from Munich Re (-3.4%) with the Co. warning of further COVID-related losses, whilst results have also hampered the performance of Direct Line (-2.6%). Bayer (+2.6%) is one of the better performers in Germany after beating revenue and EBITDA expectations and guiding FY EPS higher. Associated British Foods (+6.5%) is the best performer in the Stoxx 600 after announcing a special dividend alongside results. Finally, other strong stocks in the UK include Rolls Royce (+5.4%) after confirming it has received funding for small modular nuclear reactors, whilst BT (+2.9%) is seen higher after being upgraded to buy from hold at Berenberg. Top European News UniCredit to Take $1.9 Billion Charge From Yapi Kredi Sale Russia’s Gazprom Says Gas Will Flow Into EU Storage This Month European Gas Prices Slide on Some Signs of Higher Russian Flows Polish Key Rate Hikes Past 1.5% May Be Needed, MPC’s Sura Says In FX, the Yen and Dollar are locked around the 113.00 mark after the former extended its mainly technical rally to around 112.73 before running out of steam, and this has given the Greenback in general some breathing space as the index claws back declines from a slightly deeper 93.872 post-NFP low to retest resistance at the psychological 94.000 level. However, Usd/Jpy and Yen crosses are still trending lower following clear breaches of several key chart supports that will now form upside barriers, such as Fibs in the headline pair spanning 113.20-30, while the Buck and DXY retain a bearish tone following their sharp retracement from a new y-t-d high in the case of the former last Friday. Ahead, US PPI data provides a timely inflation gauge for CPI on Wednesday, while there is another array of Fed speakers and more supply to absorb as Usd 39 bn 10 year notes are up for auction. GBP - Sterling continues to regroup in wake of the BoE shock, with Cable cresting 1.3600 and even Eur/Gbp unwinding gains towards 0.8520 amidst ongoing Brexit angst that could reach another critical stage by the end of this week given reports that the EU is formulating a package of short/medium-term retaliatory measures which might be presented by Sefcovic to Frost on Friday, to dissuade the UK from triggering Article 16, according to Eurasia Group's Rahman. Note, however, the cross may be underpinned by decent option expiry interest at the 0.8500 strike (1 bn), if not mere sentimentality. AUD/NZD - Some reasons for the Aussie to reverse recent underperformance vs the Kiwi down under, as NAB business confidence and conditions both improved markedly in October, while consumer sentiment ticked up as a counterweight to an acceleration in NZ electronic card consumption, with Aud/Usd firmly back on the 0.7400 handle, Aud/Nzd rebounding from sub-1.0350 and Nzd/Usd hovering midway between 0.7148-74 parameters. CAD/EUR/CHF - All narrowly divergent vs their US counterpart, as the Loonie gleans traction from a Usd 1/brl rebound in WTI to bounce through 1.2450 and away from 1.1 bn option expiries at 1.2460 in advance of another speech from BoC Governor Macklem, while the Euro is weighing up a mixed ZEW survey against expectations in close proximity to 1.1600 and also ‘comfortably’ above 1.8 bn expiry interest down at 1.1550. Elsewhere, the Franc is keeping its head afloat of 0.9150 and 1.0600 vs the Euro awaiting remarks from the SNB via Maechler and Moser about the changing FX market and implications for the Swiss Central Bank on Thursday. In commodities, WTI and Brent are firmer this morning though the benchmarks have drifted off earlier highs as we approach the entrance of US participants. At best, Brent has surpassed the USD 84.00/bbl mark, a figure which eluded it yesterday, and WTI has been within reach of the USD 83.00/bbl mark. Fresh newsflow explicitly for the complex has been slim but we are, more so than usual, looking to the EIA STEO due at 17:00GMT/12:00EST today. Heightened attention on this stems from US Energy Secretary Granholm commenting earlier in the week that President Biden may make an announcement in relation to crude and the SPR this week; as such, administration officials will be scrutinising the STEO report. For reference, the OPEC+ MOMR and IEA OMR are due on November 11th and 16th respectively. October’s STEO upgraded world 2021 oil demand growth forecasts by 90k but cut the 2022 view by 150k while highlighting that US crude output is to fall 260k vs prev. 200k fall in 2021. As usual, we do have the Private Inventory report due today as well with expectations set for a headline build of 1.9mln. Moving to metals, spot gold and silver are once again lacklustre and remain comfortably within overnight ranges and the upside seen in the metals at the tail-end of last week means we are circa, for spot gold, USD 30/oz from a cluster of DMAs. Elsewhere, base metals are firmer given the support for industrial names on the US infrastructure bill, but the likes of LME copper remain within familiar ranges. US Event Calendar 8:30am: Oct. PPI Ex Food, Energy, Trade MoM, est. 0.3%, prior 0.1% 8:30am: Oct. PPI Ex Food, Energy, Trade YoY, est. 6.2%, prior 5.9% 8:30am: Oct. PPI Ex Food and Energy YoY, est. 6.8%, prior 6.8% 8:30am: Oct. PPI Final Demand YoY, est. 8.6%, prior 8.6% 8:30am: Oct. PPI Ex Food and Energy MoM, est. 0.5%, prior 0.2% 8:30am: Oct. PPI Final Demand MoM, est. 0.6%, prior 0.5% Central Banks 7:50am: Fed’s Bullard Takes Part in Virtual Event 9am: Powell to Speak at Joint Fed, ECB and BoC Diversity Conference 9am: ECB’s Knot, Fed’s Bullard on UBS Panel 11:35am: Fed’s Daly Speaks at NABE Conference 1:30pm: Fed’s Kashkari Takes Part in Moderated Discussion DB's Jim Reid concludes the overnight wrap Thanks for all your well wishes yesterday. It was very kind to have a few hundred take the time to email. If you missed it, see yesterday’s EMR to understand why my responsibilities have mounted this week. The latest is that I’ve now got two perfect night’s sleep while my wife who is sleeping by my daughter’s side at hospital on a camp bed all week got hardly any the first night. Nurses coming in every hour, lots of machines beeping, it being too hot and no privacy. A look at my WhatsApp this morning shows she was last seen at 3.58am, so I’m worried I’m going to hear about a repeat. Although I will want to know who she’s whatsApping at that time of the night! There wasn’t an awful lot of newsflow for investors yesterday as they looked forward to tomorrow’s US CPI release, but the astonishing equity advance showed no signs of relenting just yet, with the S&P 500 (+0.09%) up for an 8th consecutive session to another record high. For reference, that’s the longest winning streak since April 2019, and if we get a 9th day in the green today, that would mark the longest run of consecutive gains since November 2004, back when George W. Bush had just beaten John Kerry to win a second term. It's also 17 out of 19 days up, which hasn’t happened since December 1971. All these records for various equity indices might seem jarring when you consider that there are still strong inflationary pressures in the pipeline, and with them the prospect of a renewed hawkish shift by central banks. However, the prevalent view among economists (which continues to influence investors) remains that those pressures will prove transitory and we’ll see price pressures diminish as we move through next year, hence enabling a steady lift-off in rates from central banks. Obviously it remains to be seen if that proves correct, but that’s still the prevailing view. And even though Covid-19 cases have begun to rise again in many countries, not least in Europe, the positive news from both Merck and Pfizer about a new pill that reduces hospitalisations and deaths offers societies another tool alongside vaccines to help prevent the overwhelming of healthcare systems going forward. And on top of all that, we’ve had a further dose of optimism from the latest payrolls data on Friday, which saw an above-consensus print along with positive revisions to previous months. With that in mind, it was another day of records across the board yesterday, with the NASDAQ (+0.07%), the Dow Jones (+0.29%), and Europe’s STOXX 600 (+0.04%) all ascending to fresh highs of their own. Cyclicals tended to outperform, and the small-cap Russell 2000 (+0.23%) was yet another index that hit an all-time high. Not even Tesla declining -4.84% after Elon Musk’s weekend Twitter poll over whether he should sell 10% of his stake was enough to derail things. Materials led the pack (+1.23%) with energy (+0.88%) close behind thanks to a fresh boost in commodity prices. By the close of trade, Brent Crude was up another +0.83% to $83.43/bbl, so still beneath its peak from a couple of weeks ago, but very much remaining in the range above $80/bbl that we’ve seen since the start of October. For sovereign bonds, however, the rally from late last week reversed, 5yr US Treasuries increased +6.1bps, bringing them back above last Thursday’s close, while yields on 10yr US Treasuries were up +3.8bps to 1.49%. Both were entirely driven by higher inflation breakevens, as 5yr and 10yr breakevens both increased +7.1bps. 10yr real yields sank -3.4bps to -1.13%, putting them less than 10bps away from their intraday low back in August of -1.220%. Over in Europe, it was much the same story of higher nominal yields thanks to rising inflation expectations, with yields on 10yr bunds (+3.7bps), OATs (+3.6bps) and BTPs (+1.7bps) all ending the session higher. Overnight in Asia stocks are trading in the red with the Shanghai Composite (-0.02%), Hang Seng (-0.07%), CSI (-0.30%), KOSPI (-0.29%) and the Nikkei (-0.66%) all down. In Japan, wages grew at +0.2% year-on-year in September (vs +0.6% consensus) and real wages actually fell -0.6% as prices rose faster. The new Prime Minister Kishida is expected to announce a stimulus package to boost Japan's recovery in an effort to shore up wages. Staying in Asia, strains on global supply chains continue with Bangladeshi truckers continuing their strike from Friday over a 23% hike in diesel prices. Protests are intensifying as diesel shortages have already sent prices upwards of 64% this year. Futures are indicating that the winning streak in the US and Europe might be under threat with S&P 500 futures (-0.25%) and DAX futures (-0.28%) both down. With all eyes on when we might get some news about the various Fed positions, another place opened up on the Board yesterday after Randal Quarles said that he would be resigning his position as a Governor at the end of December. Quarles had also been Vice Chair for Supervision, though his four-year term for that post came to an end last month. Quarles’ departure from the Fed Board means that there’s now another position at the Fed for President Biden to fill, with Jay Powell’s term as chair concluding in February, Vice Chair Clarida’s position on the board concluding at the end of January, and an additional vacant post on the Board on top of those. Staying on the Fed, yesterday we had the latest Survey of Consumer Expectations from the new York Fed, which showed that one-year inflation expectations hit a series high of 5.7%, while the 3-year inflation expectations remained at a joint-series high of 4.2%. Separately, we also heard from Vice Chair Clarida, who reiterated his belief that the necessary conditions “for raising the target range for the federal funds rate will have been met by year-end 2022.” The Fed also released its bi-annual Financial Stability Report after the closing bell last night. Timely, considering the record run equities have been on, the report noted that “asset prices remain vulnerable to significant declines should investor risk sentiment deteriorate, progress on containing the virus disappoint, or the economic recovery stall.” Other key risks the report mentions include stablecoins, retail-fuelled volatility, and structural vulnerabilities in money market funds. While on structural vulnerabilities, the Inter-Agency Working Group, five key US regulators, also released a progress report on potential Treasury market reforms. There are a number of reforms being considered; what is ultimately adopted will have a sizable impact on the shape of the Treasury market and demand for Treasury securities. To the day ahead now, and data releases includethe US PPI reading for October, along with that month’s NFIB small business optimism index. Over in Germany, there’s also the ZEW survey for November and the trade balance for September. Central bank speakers include Fed Chair Powell, ECB President Lagarde, BoE Governor Bailey and PBoC Governor Yi Gang, along with the ECB’s Panetta, Rehn, Knot and Schnabel, the Fed’s Bullard, Daly and Kashkari, and BoE Deputy Governor Broadbent. Tyler Durden Tue, 11/09/2021 - 08:08.....»»

Category: personnelSource: nytNov 9th, 2021

Bitcoin: A Second Chance For The Muslim World?

Bitcoin: A Second Chance For The Muslim World? Authored by Asif Shiraz via BitcoinMagazine.com, Bitcoin is the sound money that the Muslim world needs to accelerate into the future... The Ottoman suppression of the printing press is a poster child case of intellectual stagnation in the Muslim world. Although there was no outright ban, there is no denying of a massively missed opportunity here: A civilization’s failure to adopt a groundbreaking technological change happening right next door. In its golden age, this same civilization that gave the world universities and hospitals, optics and algebra, even a precursor to the printing press itself, got so left behind in the later acceptance of technology, that its very own holy book, the Quran, waited for its first mass publication almost 300 years after Johannes Gutenberg chugged out the printed Bible. THE DECLINE But Islam’s Genesis Block was entirely different in character: A spirited but sundry assemblage of women and men whose most remarkable trait was their openness to new ideas. The idea of one God in a multitude of divine contenders. The idea of one bitcoin in a multitude of shitcoins … oops... sorry... mixing up my chronology! So anyway, this fraternity of early Islam, along with its keen aspiration of ushering in a just social and economic order, is also remarkable in a novel way for its time: It represents a death cross of reason’s moving average overtaking that of intuition in religious history. Bringing intellectual inquiry at par with mystical experience, it paved the way for its scions to delve into scientific skepticism, empiricism and experimental inquiry, with Robert Briffault going so far as to say that “Roger Bacon was no more than one of the apostles of Muslim science and method.” But eventually, the music stopped, and the market corrected! There are many explanations for the downfall, most of them partially true, spanning decades and centuries, but if we want to point fingers, as human nature dictates, at some symbolic event, then it must be the Mongol destruction of the House of Wisdom, #SackOfBaghdad. In the age of manuscripts, so many books from Baghdad’s libraries were flung into the Tigris that a horse could walk across on them and the river ran black with scholars’ ink and red with the blood of martyrs. As the Muslim Ummah lost so many intellectuals and intellectual capital in this tumultuous period, its reaction has been, (understandably), like that of an intern finding herself in control of mission critical servers, where all the senior sys admins suddenly stepped down, died or disappeared. Your best reaction is this: I’m not touching this system, and the only commands I’ll ever execute are those handed down by the four illustrious system admins — founders of the established schools of jurisprudence. And so Islamic scholarship for hundreds of years has been in a maintenance mode. In Pakistan alone, over 12,000 Madrasa routinely teach the rules and regulations of exchanging gold and silver, centuries after its daily use has been replaced by fiat. SURVIVAL OF CORE TENETS But herein lies a wonderful irony. This code-freeze on innovation, which we otherwise disapprove of, did work to an extent as it was intended: It protected the core principles from being callously compromised or deliberately diluted in the hands of opportunists. Just like the extra caution and consensus in changing the U.S. constitution protected the principles of freedom and equality enshrined in it: Islamic law, too, enshrined core financial principles, that have been a thorn on the side of would-be reformers attempting to legalize fiat and modern banking in the name of Islamic Finance. The 12,000 semi-literate Madrasa students, parroting the provisions of the fair exchange of gold and silver from a 17th century syllabus citing a 9th century scholar, unwittingly become more correct than a Harvard doctorate in finance indoctrinated in the misguided larceny of fiat money! All because Muhammad ﷺ mandated sound money, just like Mises and Hayek after him, a tenet immutably crystallized in Fiqh — Islamic Jurisprudence. A business man himself, the Prophet of Islam possessed a sharp acumen for economics and finance. In modern parlance, he quickly rose the corporate ladder to become one of the youngest CEOs of his time tasked with turning around the failing business empire of the urbane female entrepreneur, Khadija. Impressed with the Prophet’s personality, Khadija quickly proposed to him, creating a power couple that changed the course of history. Just like Jesus turned out the money-lenders from the Second Temple, the Prophet of Islam, too, had a disdain for usury and outlawed most of the accompanying capitalist machinations, that contribute to the gross wealth disparities like 10% owning 76% of the assets. So he created some fundamental rules that constitute the bedrock of Islamic financial principles: Forbade usury (Riba), including interest. Still respecting the time value of money, the prohibition’s intent is to create a financial regime where profit and risk is shared between the entrepreneur and the investor. From a sound money perspective, it prohibits the core operation of issuing interest bearing bonds and T-Bills against which the central bank can inflate the money supply. Forbade uncertainty (Gharar), embodied in his famous quote, “Do not sell a fish which is still in the water.” Eliminates the possibility of fractional reserve, since outstanding debt cannot be monetized and traded further with, unless it’s paid. It also closes the tap on a myriad of derivative instruments that further inflate the money supply. Forbade speculation (Maisir), which includes outright gambling. Some scholars consider speculative market activity, like the Dogecoin phenomena, under the ambit of this ruling. Mandated sound money. The rules of obligatory charity tax in Islam are denominated in sound money. Muslim governments take the market price of gold, convert them to fiat prices, and announce the converted value to the public to pay the religious obligation of Zakat. But from a legal standpoint, it permanently establishes gold and silver (as well as a whole class of other products) as perpetual, religiously recognized money in Islam. These prohibitions are strong enough in Islamic theology that anyone who violates them is technically, “at war with Allah and his Prophet.” Which is why the Madrasa’s syllabus clings to “nature’s money” (Thaman-e-Khalqi): gold and silver. But of course, big governments, Muslim or otherwise, are a chip off the same block: Self-interest reigns supreme over ethical principles. In Pakistan alone, the religious case against fiat banking has been delayed and obstructed for over 40 years in the courts. The politics of deficit financing are so attractive that no one wants to surrender this magical money making wand. Voldemorts, all of them! In spite of these prohibitions, and in countries where religion dominates social values, Muslims still grew comfortable with paper money because it initially disguised itself as “warehouse receipts for gold” which duped the scholars into permitting it, but the jurisprudence failed to catch up with the subsequent thinning of this asset backing into its current meaningless extent. REFORM ATTEMPTS As the domino roll of national independences took place, four different threads of activity around banking spread in Muslim countries. First, the mainstream implementation of modern banking took root in every Muslim State, implemented in toto like its Western counterparts. Second, Islamic banking attempted to reshape things a little. Scholars familiar with both economics and Shariah attempted to “Islamize” banking via the new academic discipline of “Islamic finance.” But instead of faithfully creating platforms for risk-sharing and equity-based financing, it just followed the Medieval Triple Contract–like approach to practically clone existing financial products, accompanied by a plethora of research papers to justify it. Like a comedic quote from the cold war era, “Communism is the longest and most painful road from capitalism to capitalism,” contemporary Islamic finance, too, turned out to become the most painful and circuitous route from traditional banking to traditional banking, decorated with Arabic names! How the professional bankers duped these scholars and hijacked this effort is excellently explained by Harris Irfan in a podcast with our own Saifedean Ammous. Third, a large but silent majority of toothless Islamic scholars continues to exist who view all forms of banking with suspicion, but the growing chasm of knowledge gap between their education and the complexities of modern finance makes them unable to take back the narrative. Lastly, a much smaller band of Islamic scholars exist, like followers of the Sufi order of a British convert and his Basque disciple, as well as a scholar from Trinidad, who successfully identified the fundamental problem with modern banking from a Shariah perspective: its monetary foundation. You cannot “Islamize” a bank if you do not fix the money it operates on! Hence, their attempt to resuscitate the traditional Islamic gold dinar as a sound money alternative to fiat. GOLD DINAR: THE REAL ISLAMIC ALTERNATIVE Fiat money and its permissibility can be viewed through an important concept in Islamic theology, the Maqasid-e-Shariah: the goals or purpose of Shariah law. To illustrate this with a controversial example, consider a Shariah law which says you cannot punish a man or woman for adultery, unless you bring four eye witnesses to the sexual act (which is normally impossible). While Islam abhors adultery, the Maqasid is an attempt by scholars to understand why, instead of having a law that easily and swiftly punishes it, there exists one that makes it practically impossible to prosecute. They rationalized that it must be to shield people’s privacy and one-off slipups from society's nosy interference and appetite for punishment. According to Muhammad Asad, “… to make proof of adultery dependent on a voluntary, faith-inspired confession of the guilty parties themselves.” So the Maqasid points to some socially valuable goal that the law intends to achieve. The rationale of the financial laws of Shariah are similarly explained in terms of their goals: a just distribution of wealth, a money free from devaluation, a business contract free from usurious exploitation, and a regulatory regime that increases people’s wealth and well-being. Through a very elementary intuition, it is obvious that fiat currencies violate this principle of honesty and justice in the society: Money issuers steal the purchasing power of the people and devalue their money. To put a formal Quranic stamp to this reasoning, we can take verse 3:75, “There are some among the People of the Book (Jews and Christians) who, if entrusted with a stack of gold, will readily return it.” The modern Islamic bank, if entrusted with money equivalent to a stack of gold, returns you only 90% of its worth in purchasing power, owing to inflationary erosion, thus it’s part of a system that clearly violates the Maqasid. Islamic banks have thus thoroughly failed to espouse the core principle of risk sharing and eliminating interest (since interest exists in the very issuance process of the money they are built on). The only real Islamic alternative ever proposed was the Gold Dinar Movement. Starting in parallel (and in many respects earlier) than Islamic banking, (with the first modern Dinar minted in 1992), it was incisively accurate in its assessment and proposed remedy to the money problem: “The Return to the Gold Dinar.” This was an earlier time, when the golden tool in the fight against fiat was literally gold, which was then popularized by Austrian economics, advocated by upright leaders like Ron Paul, and adopted by grassroots activists like Bernard von NotHaus. The Muslim world saw its own spate of activism for sound money, led by its most vocal proponent, Umar Vadillo, and associated initiatives like Wakala Nusantara, Dinar First and my own Dinar Wakala. The Kelantan State government’s launch of Gold Dinar was our own El Zonte moment, full of euphoria and promise that made waves globally. The passion and courage of this vibrant lot of Warrior Sufis represented the best of modern-day Muslims: Profoundly knowledgeable people, engaged in grassroots activism, to fix the most pressing challenges of the contemporary world. However, the primary strength of gold, its physical indestructibility, came in the way of its adoption: Logistic and regulatory hindrances prevented free flow of physical gold coins across national boundaries. In the words of its founder, Shaykh Abdalqadir, “The defense mechanisms of today’s late capitalism and its crisis management surrounding the buying, moving and minting of gold have surrounded it with prohibitive pricing and taxation.” It continues to serve as a galvanizing symbol of the fight against Riba, but making it a practical inflationary hedge, or a broader Ummah-level movement for sound money, proved an elusive goal. Without the Gold Dinar, the horizon seemed all but bleak, except that a glimmer of hope came from the most unexpected of places: Where scholars, economists and revolutionaries had failed, nerds succeeded! Enter Emir Satoshi! ADVENT OF BITCOIN For us in the Gold Dinar Movement, Bitcoiners are our brothers in arms: fighting the same enemy, securing the same goal. This is what I have always advocated to my fellow activists in the dinar movement, from as far back as 2012. Our Prophetﷺ, as well as the Rashidun Caliphs, never debased money, nor profited from seigniorage, but gave us the right to choose our own mediums of exchange. This is fundamentally antithetical to the monstrosity of legal tender laws, which Islamic scholars have been duped into legitimizing under various pretexts (highlighting the need for increased financial literacy in this lot). This freedom to choose a currency constitutes the common ground that both us and the Bitcoiners can rally around together. “The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust,” writes Satoshi. He recognized the problem with fiat and set out to fix it with Bitcoin, a miraculous epiphany that has let loose this growing, global band of fervid, somewhat bumptious Maximalists, as similar in essence and ethos to us, as they look different in appearance. I see Bitcoiners, not only in their pluck and guile, but also in the sly ingenuity of their weapon of choice, as nothing less than a modern-day David taking on the Goliath of traditional banking! From a Muslim perspective, the operating verse of the Quran in critique of the Bitcoin movement becomes 49:13, “O mankind, indeed We have created you from male and female and made you peoples and tribes that you may know one another. Indeed, the most noble of you in the sight of Allah is the most righteous of you. Indeed, Allah is Knowing and Aware.” In the realm of monetary matters, the most righteous and noble are those who support sound money. It is appropriate that Allah stresses his own divine attributes in the verse, as a warning that our religiously colored conception of righteousness may not necessarily be the same as that of the knowing, the aware. (The literal term Taqwa, means something that protects you from the wrath of God.) And to the best of my belief, protecting and uplifting the poor, the downtrodden from the entrapments of a prejudiced financial system is surely a winner with the God of Abraham! A SECOND CHANCE We Muslims had set out to establish a just and fair society, and for some time, to quote David Graeber, succeeded: “Once freed from its ancient scourges of debt and slavery, the local bazaar had become, for most, not a place of moral danger, but the very opposite: the highest expression of the human freedom and communal solidarity, and thus to be protected assiduously from state intrusion.” But gradually, as our political and intellectual leadership in the world waned, we now find ourselves economically bankrupt, submerged in a rigged financial system, and enslaved to the dictates of the International Monetary Fund (IMF). A major reason for this impoverishment was the widening gap of modern knowledge. The following vicious cycle of three circularly dependent factors is another way of modeling our current reality: Low capital allocation for education. A generally weak economy leaves little allocation for investment in education of both scientific and humanities disciplines, which is required for a productive human capital. Low human capital. The first factor results in low quality of education in the populace then manifests politically in bad national decisions, engagement in conflicts, economic mismanagement, acquisition of debt and failure to curb corruption. Economically, this unskilled workforce has low productivity, scarce entrepreneurship and ineffective technology adoption. Religiously, it permits violence and extremism to breed along sectarian fault lines. Low economic output. The second factor results in continued economic tribulations, since the whole society is now in KTLO mode, instead of “adding new features.” Which leads us again to item one. It is the standard cycle of poverty played out at a macro scale, which many competing power bases believe they can break. The military, the Mullahs, and the Liberals, far away, even the CIA has prescriptions on how to solve our problems. But such temporary political and economic interventions bear no lasting results, since nations are built by worthy men and women, over a span of many years, who, given a free and peaceful environment, fall back on their innate drive for excellence to create a better world. It is the job of the revolutionary and his meteoric jolt, or at a smaller scale, your social entrepreneur giving a small push, that breaks a segment of society free from this vicious cycle: A closed ecosystem of wealth circulation, comprising of learned individuals, equipped with better technology and empowered with more capital, shielded from outside influence, and stabilized by a fair social contract, to launch the virtuous symbiosis of economic prosperity and human development which prop each other to newer heights. This break can start in many ways: a national independence, some strong leadership, or in case of Islam, the founding of a new religion. Islam’s own trajectory gives us a generalized three-stage pattern on which any revolution can be modeled, an excellent blueprint for our bitcoin adoption. Education: A new world view is conceived, and people are educated toward it for voluntarily placing their faith on it — Iman. Separation: The model is physically deployed, separated from existing systems, so it can grow and thrive without any negative external influences — Hijra. Protection: When the model grows strong enough to threaten the status quo, but still weak enough to be fully destructible, it needs protection, usually requiring armed conflict — Jihad. We in the Gold Dinar Movement believed that the break in this vicious cycle will come from financial empowerment: When Muslim people and governments adopt sound money, free from the shackles of the IMF, it will allow our bankrupt economies to manage enough disposable income that can be invested in other avenues in society, putting us on a path to progress and human development. Gold would bring back the Golden Age, producing men and women who are worth their weight in gold! But it could not. Let me explain why, and how bitcoin makes it possible. BITCOIN: A TOOL FOR REVOLUTION Following our three-stage model of a revolution, let’s review how bitcoin resolves the challenges of each step. 1. Education The common man, humble about his knowledge of finance, expects, like John Galbraith remarked, a “deeper mystery to the process of money creation.” But which really is so simple, he goes on, that “the mind is repelled.” But the chasm in traditional and modern education keeps our scholars from being able to religiously evaluate the fiat system, for which they need three vital credentials: a traditional Mufti qualification, specialized research in the Fiqh of Muamalat, and a study of modern economics. Only a handful achieve this, like the globally revered Usmani, who become thought leaders in Islamic finance: The rest take the easy way out and follow what they posit. I once asked a certified Shariah advisor on LinkedIn, if he knew what fractional reserve banking meant. I expected some abstruse, rule-bending justification for it but was taken aback by his honest admission that he simply didn’t know what it was! So the first challenge was to educate both the people and the scholars about the fiat system. Then to enlist serious academic and industry practitioners to devise a working alternative based on gold and silver. Then to have its demand trickle down into the masses to eventually morph into enough political pressure for the government to adopt it, much to its own detriment. Highly unlikely. Except that with bitcoin, educating the people now becomes much more focused and result oriented. The wider goal of educating people about finance and economics remains indispensable in both gold and Bitcoin-based sound money solutions. But with bitcoin, we don’t have to wait for a third-world academia and archaic-minded scholars to sell the solution to an unwilling government: We take the narrative, and the prerogative of action, back from them. We go tactical, orange pill the masses with an Urdu translation of the bitcoin standard, and focus on what is minimally essential to achieve within our means: Teaching Muggles... sorry…. No-coiners, the very basics of money mechanics, the role of bitcoin in our strategic response, and the know-how to stack satoshis in a cold wallet! The rest will follow! Coming to think of it, my initial printing press analogy is poignantly relevant. The press encapsulated years of knowledge in a simple package easily disseminated to thousands, which could have overcome our knowledge gap had we adopted it earlier. Bitcoin, too, encapsulates the quintessential wisdom of centuries of humanity’s experience in what constitutes good money and allows it to be spread easily across the world. It is both knowledge, and a tool crafted out of that knowledge. If we miss the boat on it, we will not only lose to “usury capitalism,” but the Bitcoin movement, too, will be deprived of huge potential support from a quarter of the world population. We must join the rest of humanity in a last ditch attempt at wealth equality. 2. Separation After educating people about money mechanics and bitcoin, the second step is the Hejira, our separation from the existing system. An Islamic scholar, Abdassamad Clarke defined “usury capital,” as “the use of capital that is both generated by usury and operated according to usurious principles, which permits a tiny clique of individuals, by the principle of fiat money amplified by leverage, to wield extraordinary power and accumulate unheard of wealth in such a manner as to subject the rest of humanity as menial servants in their project of self-enrichment, whether in the tyrannies of the East or the so-called free-market capitalism of the West.” The fundamental philosophical difference between Islamic and Western economics is how we view interest. Islam holds firm to the classical Judeo-Christian prohibition, believing that the time value of money is more fairly accounted for in equity finance style risk sharing of the invested capital, instead of a guaranteed return favoring the capitalist. Among other things, its side effect is prohibiting both the monetizing of our “future income” to issue fiat, and prohibiting the money-multiplier effect of fractional reserve, through the rulings of Riba, Bai-al-Dain and Bai-al-Madum. Bitcoiners and libertarians rely on an entirely different philosophical foundation to reach partially the same conclusion in regards to fiat, that it’s perverse, unjust and socially destructive. The end goal for both is the same: To separate ourselves from the fiat system and carve out an entirely new, independent financial system: The original idea of decentralized finance (DeFi)! Unfortunately, the bubble effect we so dislike in TradFi — traditional finance — is now itself widespread in the non-Bitcoin crypto world, what Ellen Farrington cites as the immense amount of “rehypothecation, leverage, and securitization,” which if misused can cause systemic risks that affect everyone. The practical reality of contemporary DeFi in the non-Bitcoin world is quite far from its theoretical goal. Looking at this aspect of “crypto,” some Islamic scholars took the liberty of invoking the gambling prohibition clause, something whose motivation we can sympathize with, even though we disagree with the conclusion. A lack of regulation at the administrative level cannot be countered by religious pronunciation of Haram status. It’s kind of like declaring cars as Islamically forbidden, merely because some people are driving them too fast and killing others. But presently, we are far less interested in how scholars view “crypto” than we are regarding bitcoin. The DeFi world’s shiny new investments offering unsustainable returns, its shady ICOs and the casino-like frenzy and get-rich-quick dreams of novice retail investors are far removed from what we advocate, from what we are daring to call a second chance for the Muslim world: A Bitcoin-based sound money adoption as a medium of exchange and store of value! But what is nevertheless commendable in the crypto world (led, of course, by Bitcoin) is the attempt to create this entirely new, independent miniverse of alternative, decentralized finance, isolated from the existing system. Building and expanding this decentralization, based on Bitcoin, is the essence of the second step of our revolutionary blueprint: the Hejira. Migrating from the old to the new. As Iqbal would have said, “Blow away this transitory world, and build a new one from its ashes” — khakastar se aap apna jahan paida karay. The only serious prior attempt for sound money among Muslims was the Dinar movement. But it only works in a physical jurisdiction: Where to mint, where to store, how to transport, how to coordinate electronic payments, how to deal with banking regulations, taxes and government interference? Theoretically, it was possible to instantiate an entirely independent ecosystem of issuance, storage, transport and trade using gold, but real progress on it was very slow. At the same time, the Bitcoin ecosystem has matured so much to be classifiable as an independent and isolated system, free from all interference from legacy finance. The Core Bitcoin Timechain, Lightning and Layer 2 smart contract solutions, and the globally distributed miner, node operator and supporter community, all combine to form a platform on which we can build and experiment with truly Islamic financial contracts of the form that are not possible with TradFi. In this ecosystem, we can resuscitate Islamic social and financial institutions like the Bait-ul-Maal, the Suq, the Waqf, the Guilds, the Hawala, the Wahdiya, the Qirad and the Musharaka, free from the restrictions of any government, securities commission or central bank. 3. Protection And once this isolated system is deployed, we need to protect it. A story is told in Islamic lore, that when Abu Dharr Ghifari came looking to meet the Prophet, Ali told him to walk a few paces behind him, and if he senses anyone suspicious he will stoop down to tie his shoelaces and Abu Dharr should continue walking ahead. Kind of like a coinjoin to obfuscate where he was actually going. When you are small, you must remain in stealth mode and operate under the radar. Later on, when the small state of early Islam was established in a nearby city, it needed a number of armed conflicts to defend itself from being nipped in the bud! Deploying a sound money system, too, may need a precarious window in which the sapling would need fierce protection before it grows into a tree. The hellacious powers issuing the yuans and dollars of the world are way too formidable for any third-world nation state to get away with a head-on collision. In fact, we cannot even withstand assaults from individual speculators, let alone a concerted effort by the global financial cabal to preserve its status quo. El Salvador and the like are definitely interesting trailblazers to watch out for here, but it is too early to tell. If a sufficient number of first-world citizens band together to defy their government in adoption of sound money, the response of fiat-powered regimes would (probably) be much more restrained in handling them versus some rogue state from a third-world country attempting to defy the dominant currency. I was told by a prominent Islamic banker that when Mahatir toyed with the idea, he was sent a very stern signal to “cease and desist” by the powers that be! So, can a Muslim government adopt and get away with either the dinar or bitcoin? I believe only in the latter. Only bitcoin has the necessary technological edge in terms of its unstoppability and indestructibility that can substitute for the need of a national military power strong enough to protect a traditional sound money built on gold. THE ISLAMIC STATE VERSUS BITCOIN But many Islamic revivalists believe otherwise and their goal is usually larger in scope than financial reform alone. It is a more holistic quest to resuscitate the political, social and legal structures of precolonial Islamic governments. Encouraged by the spectacular rise of early Islam that dared challenge superior powers like Byzantine and Sassanids, they believe it possible to recreate the traditional theocracy along similar lines, one of whose side effects would be to eradicate fiat currency also. Such ambitious projects downplay the urgency of fixing our financial system: No need to separately struggle for it if it comes as a natural corollary to the larger political renaissance. Now the specter of such pan-Islamic revival has been thoroughly demonized in Western imagination, owing from our own side to violent extremism, owing from their side to a deep-rooted Islamophobia, and owing generally to ideas (or realities?) like the clash of civilizations. But my Bitcoiner friends — whose libertarian ethos is so refined to even self-censure the slightist hint of authoritarian enforcement in El Salvador’s legal tender adoption of bitcoin — will surely agree that it is entirely within the rights of the Muslim world to voluntarily experiment, on their land, with whatever form of government they fancy: caliphates, sultanates or kingdoms! But the reality of this dream in the minds of the majority of modern Muslims is quite different from what the world perceives. The moderate Muslim just wants Islamic principles to be the guiding source of their political and social order. But the strength of this desire is often encashed by opportunists, resulting in two recent distorted models of political Islam: 1.The Iranian model: Somewhat broad-based and sustainable but toothless and symbolic. They are the political twins of Islamic banks, offering no real change to the common man, except moral policing. Financially, there even exists the oxymoronic Central Bank of the Islamic Republic. Why would you have an Islamic bank if you were truly an Islamic republic? 2. Second, is the Taliban and ISIS model: Narrow-based, extremist and unsustainable, divorced from the comity of nations. ISIS did reportedly issue the Gold Dinar but to no one’s avail, except perhaps as a recruitment propaganda. News out of Kabul promises a more restrained and balanced government this time around, but is it a genuine change of heart or just political expediency? So, while the Muslim world waits for a true Islamic reformation, and the world holds its breath on how the next such attempt turns out, my issue with this ubiquitous political quest in the Muslim imagination is just NGMI — it’s not gonna make it! We can’t stall the effort of immediate financial reform on some future promise of a bigger change happening to facilitate it. As an Urdu saying goes, na nau munn tayl hoe ga, na Radha naachay gi: Neither shall the king be able to provision nine gallons of lamp oil, and nor will the stage ever be lit enough for his dancing girl, Radha, to perform! Nevertheless, assuming for a moment that a mature, viable, modern Islamic government does get established by some geopolitical miracle, faithful to Islam’s core tenets, and broad-based in popular support, the next and more pertinent question becomes: Will it have sufficient political, and if necessary, military power, to deploy a gold-based sound monetary system in their country, and then get away with the sanctions and isolation that follow? And this is where bitcoin, once again, outshines other alternatives. The one trait that sets it apart from all “crypto”, and indeed, all monies in human history: true, sovereign-grade censorship resistance, from both your own government and foreign powers. Without needing any battalions or bombs, bitcoin enables us to fight the good fight ourselves and win. And if the broader Islamic reformation materializes, bitcoin can support it, too, for bypassing potential sanctions and increasing national wealth! God has a knack for defeating evil by the simplest of designs — the mighty Goliath with a slingshot, the persecutors of the Prophet with a humble spider — as if to compound the humiliation of defeat by the plainness of its bearer. Who could have thought that the Kremlins, Zhongnanhais and White Houses of the world would be made helpless by the confluence of two elementary ideas: proof of work and difficulty adjustment! But this simple, easily overlooked and less understood killer combination of traits makes bitcoin an undefeatable tool in the hands of us, the 99%. We do not need to wait for anyone. We can do it ourselves with bitcoin. THE WAY FORWARD While the wallet addresses, exchange accounts, market cap, and of course, the hype around crypto is constantly rising in Muslim countries, much of this activity is from the perspective of a shiny new investment vehicle, a get-rich-quick bandwagon to which everyone wants to hitch! This has engendered the animated debate of investor protection, scam avoidance and the whole academic deliberation of whether they are at all Halal owing to a perceived lack of intrinsic value and being free from government control. While all of these objections on bitcoin from the Shariah perspective have been thoroughly refuted by various scholars and are easily searchable on the internet, the continuance of this superfluous debate is dangerously distracting: In the process, we are losing sight of the higher frequencies of this amazing once-in-a-lifetime phenomenon. Aye ahle-e-nazar zauq-e-nazar khoob hai laikinJoe shay ki haqeeqat koe na dekhay woe nazar kiya We need bitcoin, not because it’s a great investment (which incidentally it is), but because it’s a great store of value and a medium of exchange: A free medium of exchange, which can uplift us collectively if we just adopt it, en masse, as our money. To my fellow Muslims, here is a parting thought. We love and honor our Prophet to such an extent that even the minutest of his actions, Sunnahs, is recorded, revered and repeated, even if it be as simple as the table manners of cutting some fruit. But here is another Sunnah of bigger import: success. The change that he set out to achieve in the world, he did achieve it. As he breathed his last in the arms of Ayesha, he had already delivered on the promise he had made to his companions in the lowest ebb of their persecution: “... a traveler from Sana to Hadrarmaut will fear none but Allah.” Although bordering a little on logical fallacy, I would point out that he didn’t cite something more symbolic like the establishment of the Caliphate, or the conquests, or the subsequent power. He chose to cite, as evidence of success to what they were suffering for, the establishment of a certain social order: One in which an anonymous citizen would not fear physical or financial insecurity. I say anonymous, not a private citizen, because the choice of the word “traveler” is very telling. While you are known in your city, protected by your identity, and potential clout from a corporation or clan, it is suddenly removed when you are in a strange land. They do not even know your name, unless you tell them: You are just a wallet address. But this traveler is not afraid of loss of wealth, or being robbed, or not having the right passport, or the right vaccine passport! He can move himself, and he can move his money. We Dinarists and Bitcoiners always equate inflation with theft. Whether you snatch 50 rupees from a poor man, or the free fall of your currency leaves him with 50 rupees less of a purchasing power, it is the same. While every ill is not caused by our monetary system, there is the obvious administrative incompetence and a dismal economic performance to account for — but inflation is definitely a huge factor. And all our high talk, slogans, research papers, reform movements, activism and militarism have deviated from this one Sunnah: The success of delivering safety to this traveler again. Bitcoin can help us succeed. Like now! Not 20 years later. Not when some promised leader will part the seas for us again. But now, when the poor illiterate, helpless man on the street looks at us educated and privileged elites and asks: What did you do to level the playing field for me? The Islamic banker may say, “Oh, I developed this intricate Shariah compliant profit and loss sharing contract for you, approved by the council of scholars, and backed by the gold dinar, just wait for it to be deployed.” I will say, “Dude, here, let me help you buy a few satoshis and get you a Lightning wallet so you don’t have to revert back to the rupee when paying for your next meal!” I think you should do the same. Bitcoin deserves a fresh look from us Muslims. Let’s think about it. Let’s use it correctly. Let’s spread it. Let’s understand it. Let’s use Bitcoin. Tyler Durden Sat, 10/30/2021 - 19:30.....»»

Category: blogSource: zerohedgeOct 30th, 2021

31 cheap tech gifts under $25, from Bluetooth speakers to smart light bulbs

These are the best cheap tech gifts under $25, including speakers, cables, keyboards, accessories, and more. When you buy through our links, Insider may earn an affiliate commission. Learn more. There are plenty of great tech gifts available for under $25. Alyssa Powell/Business Insider Tech gifts can be expensive, but there are affordable options out there for shoppers on a budget. Some items under $25 include the Tile Mate Bluetooth Tracker, Echo Dot (3rd Gen), and more. For more recommendations, check out all of our gift guides. Tech products make great gifts, but finding one for the right price can be tricky. Though high-end gear gets pricey, there are plenty of gadgets and accessories available in the $25 and under range.These affordable items are often designed to solve little problems or complement other products, making them easier to use. Better yet, they're usually things that friends and relatives never think about getting for themselves, making them excellent gift ideas.For under $25, you can find all sorts of fun, useful, entertaining, and creative tech gifts. Regardless of whom you're shopping for, we think we've found at least one budget-friendly product that would serve that loved one in your life well without running up your credit card bill. You'll probably find a little something for yourself in here, too. A budget-friendly smart speaker Best Buy Echo Dot (3rd Gen), available on Amazon, $24.99Amazon's third-generation Echo Dot is on sale for just under $25 during the holiday shopping season. There is a newer fourth-gen model with a more modern, spherical design, but that one costs double the price. This older version has all the same Alexa features, making it a full-fledged smart speaker that you can gift on a budget.If your giftee prefers Google's ecosystem, you can also find the Google Nest Mini on sale for just right $25. Both devices are reliable, compact speakers with hands-free controls and helpful digital assistants.  A high-speed HDMI cable ready for next-gen gaming Amazon Amazon Basics 48Gbps HDMI cable (6 feet), available on Amazon, $9.99If there's one thing home entertainment fans can never have too many of, it's HDMI cables. Between streaming boxes, video game consoles, Blu-ray players, AV receivers, and computers, there's never a shortage of devices we need to plug into a TV or monitor. HDMI cables always come in handy, and this Amazon Basics high-speed model is rated for all the latest and greatest video specifications. With a bandwidth capability of 48Gbps, you can rest easy that this cable will properly transmit 4K and HDR content, even at 120Hz. This makes it a great fit for next-gen gaming consoles like the PS5 or Xbox Series X.  A plug-in for more Wi-Fi coverage Amazon TP-Link N300 Wi-Fi Extender, available on Amazon, $14.99Wi-Fi signals can sometimes struggle to reach every corner of large living spaces. This can be especially challenging if you're working from home. The TP-Link N300 WiFi Extender can plug into most common outlets and add up to 800 square feet to your home Wi-Fi coverage. After you hit the WPS button on your home router, you'll have to hit the range extender on your TP-Link device. After that you'll be able to get speeds of up to 300 Mbps in otherwise difficult-to-reach areas in your home. A charger without the hassle of untangling wires Amazon Yootech Wireless Charger, available on Amazon, $13.99The Yootech Wireless Charger covers a number of bases. It supports a 7.5W charging mode for select iPhones, a 10W charging mode to cover select Samsung Galaxy Notes, and a 5W charging mode for Google Pixel models and other Qi-chargeable phones.As long as these types of phones have a case less or equal to 4 mm, the charger should be able to charge them And aside from smartphones, the charger will let you charge AirPods and AirPods Pro as well. An all-in-one speaker with lights, music, and an alarm Amazon Tranesca Bluetooth Speaker with Lights, available on Amazon, $24.95This speaker from Tranesca acts as both a night-light and a home listening experience. After you connect your music device to the speaker via Bluetooth or an aux cable, you'll be able to hear your favorite songs. One charge will let you listen to music for up to four and a half hours. You can also switch the speaker to an alarm clock mode, making it a versatile product to place by your bedside. A fun phone case Case Mate Case-Mate Phone Cases for iPhone and Samsung, available on Amazon, from $24.95For the colorful types out there, Case-Mate has a wide range of cases for iPhones and Samsung phones, including ones that are iridescent, full of glitter, or covered in real pressed flowers. Colorful, shiny, and glittery isn't everyone's style, and Case-Mate has a selection of more reserved and sleek cases, including leather cases, clear cases, and stylish plastic cases that offer protection for that person who simply won't get a case for themselves.Keep in mind, however, that while Case-Mate offers several models in the $25 and under range, some of its cases do exceed that budget, including its new iPhone 13 lineup. A ring light to upgrade your Zoom calls Amazon LED Ring Light with Tripod Stand & Phone Holder from UBeeSize, $17.59Now that working from home has become more common, we're relying on video calls more than ever — often in less than ideal lighting conditions. This ring light can help improve the quality of your daily Zoom calls with three different lighting modes, a tripod for your phone, and a Bluetooth remote so that you can control your phone while it's in the stand. Give AirPods a protective home Insignia / Best Buy Insignia Case for Apple AirPods Pro, $12.49This AirPods Pro case by Insignia is a super easy and inexpensive gift that AirPod owners will appreciate. The case is made of protective silicone that not only prevents scratches and damage from drops and impacts, but reduces the amount of dirt and dust that can make its way into an AirPods charging case. The carabiner is a great little touch that lets the user attach their AirPods case to anything they often carry out with them. It's a nice solution to keep AirPods where you know they'll always be found. The case is available in a variety of different colors, too. A desk stand for your phone that doubles as a charger Amazon Anker Wireless Charger, available on Amazon, $19.49Smartphones are our daily companions — from displaying recipes in the kitchen to playing music, hosting our social gatherings over Zoom, and serving as a TV you can take to any room. This desk stand from Anker makes it easy to prop up your phone on any surface and wirelessly charges it at the same time. A PopSocket Grip PopSocket PopSocket Grip, available on PopSocket, from $8PopSocket grips stick on the back of any phone or tablet to provide a comfortable grip, but they can also be used as a stand. The thing that makes PopSockets so giftable is their affordability and sheer usefulness — people love them, as they help devices keep more secure in your hands and help prevent accidental drops. That, and they come in so many different styles. You can give your loved one a PopSocket with their favorite sports team, pop culture fandom, or animal on it.PopSockets can also be re-applied a few times to reposition or transfer to a different phone or tablet. They can be attached on bare phone or tablet surfaces, or on most smooth and flat cases. They pop in when not in use, but even then they offer some support.  A smart light bulb that can add some color to your living room Amazon TP-Link Kasa Smart Wi-Fi Bulb, available on B&H, $14.99You don't need to spend a lot of time or money to add some smart lighting to your living room. This color-changing smart light bulb from TP-Link could make a great gift for anyone looking to spice up their home lighting with different color and brightness options to fit the mood. It also doesn't require any extra equipment like a hub or a bridge; just connect it to your home Wi-Fi, download the Kasa app, and you're good to go. It works with Amazon Alexa and the Google Assistant, too. A compact Bluetooth speaker for everywhere Anker / Walmart Anker SoundCore Mini Bluetooth Speaker, available at Amazon, $24.99I have a small, portable, battery-powered Bluetooth wireless speaker just like the Anker SoundCore mini, and it's one of the most used devices at my home. It brings better sound and louder volume than my phone can ever deliver, and it's perfect for listening to podcasts and music in the shower, in the kitchen, chilling outside, and on camping trips. The SoundCore mini has a 15-hour battery life, a 66-foot Bluetooth range, and 5W of sound. It doesn't have water resistance, but it'll still work just fine in a bathroom. It's pricier than some other similar compact Bluetooth speakers out there, but most of them in the $25 range come from brands we've never heard of before, and you can't go wrong with Anker. Replacing those lost headphone dongles for iPhones Hollis Johnson/Business Insider Apple Lightning to 3.5mm Headphone Adapter dongle, available on Amazon, $7.99Apple's iPhones used to come with a headphone adapter but new models no longer include one. This is one of those items that shoppers ache to buy for themselves because it shouldn't cost you an extra $10 to use your wired headphones. This makes the dongle an excellent gift, however, as many iPhone owners can make good use of it.The dongle can be found for $8 on Amazon and Target compared to Apple's $9 price.  Tech-friendly touchscreen gloves Amazon Achiou Winter Knit Touchscreen Gloves, available on Amazon, from $8.49Anyone who lives in a place where it gets cold in winter knows that you have to remove gloves to use a smartphone outdoors. Essentially, a phone's screen doesn't register a finger's touch through a standard glove's material. It's not the worst problem in the world, and it may not warrant someone to get a pair of these touchscreen gloves themselves, thus leaving you the perfect opportunity to give them a pair. Aichou's bestselling winter gloves have special pads on the thumb, forefinger, and middle finger that can be registered by your phone's screen, letting the wearer keep the gloves on when it's freezing outside.   A next-level screen cleaning kit Amazon Whoosh! Screen Cleaner Kit, available on Amazon, $14.99The Whoosh! Screen Cleaner Kit is an alcohol and ammonia-free screen cleaner that's safe on phone screens, and unlike harsher cleaners, it won't strip screens from the factory coatings, namely the oleophobic coatings that prevent screen from getting all gummed up with finger oils. Coming with a pocket-sized bottle of cleaning spray and two cloths, this kit will also clean tablets, e-readers, TVs, Kindles, and anything else with a display. Even glasses can be wiped clean with this kit. The company even claims that Apple uses Whoosh cleaner in the Apple stores to keep display devices clean worldwide.We should note that Whoosh doesn't claim that its cleaner kills bacteria or viruses.  An iPhone tassel cable with charging Amazon Oneenjoy Tassel Cable for iPhone, available on Amazon, $10.99This handy leather tassel keychain includes a hidden USB-to-Lightning cable for charging an Apple device on the go with an external battery or with a charging brick.  A water-resistant smartphone armband Amazon Tribe Water Resistant Cell Phone Armband Case, available on Amazon, from $14.98A great gift for runners and fitness enthusiasts, the Tribe cell phone armband case secures your phone to your arm in a case that repels rain. The arm band is fully adjustable elastic, and it comes in three sizes that can accommodate pretty much any phone size. Your phone retains full touchscreen functionality while it's in the case, and the band also includes a handy key holder and headphone jack.  A tabletop Burger Time machine My Arcade My Arcade Micro Burger Time Cabinet, available at Amazon, $23.99For the retro game fan in your life, give them the gift of digital burgers at their desk with a miniaturized version of the original Burger Time cabinet. The Burger Time game was released in the US in 1982 as a large arcade cabinet, but this modern reproduction is small enough to hold in one hand, and can be placed on any flat surface like a desk. The tiny arcade cabinet has a 2.75-inch screen with original Burger Time artwork on the exterior, and it comes with speaker and a headphone jack. It's powered either by four double-A batteries, or with a microUSB cable. Grips for the Nintendo Switch's Joy Con controllers Amazon / Fyoung Fyoung Controller Grips for Nintendo Switch Joy Con, available on Amazon, from $9.99These Joy Con controller grips by Fyoung give players a better and more comfortable traditional console-style grip on the small Switch Joy Con controllers. They have full-size left and right bumper buttons, and they stay in place, even when you move them and shake them around for certain games. For less than $10, these are a no-brainer for Switch-owning friends and family. They come in a variety of colors to match controller colors, too.  An adjustable phone stand Amazon Lamicall Adjustable Phone stand, available on Amazon, from $9.99The Lamicall Phone Stand lets you (or your loved ones) mount your phone at an adjustable angle, which works great when you don't want to hold or touch your phone and frees up your hands for hands-free usage. Think streaming a video while you cook or sitting at a table, holding a video call with friends or family, or keeping a recipe visible while cooking (just remember to adjust your screen's timeout to keep your phone's screen on). It fits any phone and can accommodate most cases, but thicker cases may not fit in the stand's lower arms. It's also easy to adjust, and can flip between portrait and landscape modes. The stand is made of metal and comes in a variety of colors, too. A headphone holder for their desk Amazon Brainwavz Hengja Headphone Hanger, available on Amazon, $13.99The Brainwavz Hengja is an essential gift for a friend who has on-ear or over-ear headphones. This adjustable headphone hanger clamps horizontally or vertically onto a table, shelf, or even a thin wall. The clamp is tightened onto a surface with a flat piece of metal that you can screw to tighten with the included tool.It's made entirely of metal, so it's quite sturdy and will fit and support pretty much any headphone size. It only comes in a black color option.  A Wi-Fi smart plug for smart homes Amazon Kasa Smart Wi-Fi Plug Mini (2-pack), available on Amazon, $14.69You can connect any device to the Kasa Smart Wi-Fi Plug Mini, from lamps to fans and air conditioners, to make it a smart device that you can control from a phone via the Kasa app, or via a smart assistant like Amazon's Alexa and Google Assistant. Some of the "smart" things you can do with the Kasa smart plug includes adding routines to turn your plugged-in devices on or off. You can also check up and turn on or off those electrical devices remotely via the Kasa app, which works great to give you peace of mind when you're away from home.  Glasses with a blue-light filter Amazon Cyxus Vintage Retro Blue Light Filter Glasses, available on Amazon, $19.99It seems every day, more and more research is coming out about the dangers of over-exposure to blue light from phone and computer screens. A 2018 study showed that too much blue light can increase your risk of blindness.The Cyxus Vintage Retro Blue Light Filter Glasses filter out 90% of the blue light emitted from screens and barely affects the image. Blue light filters prevent eye dryness and general fatigue from staring at a screen too long, and these glasses are a good, affordable gift for anyone who you know to work in front of a computer screen for long hours. A cheap but effective laptop bag Amazon AmazonBasics Laptop Bag, available on Amazon, $13.49Amazon is full of laptop bags of all prices, but the AmazonBasics Laptop Bag is one of the top-rated, and it gets the job done for an affordable price. It comes in 10-, 11.6-, 14-, 15.6-, and 17.3-inch models to accommodate different laptop sizes, as well as a smaller version for tablets. Plus, it has extra pockets for mice, cell phones, pens, and other small gadgets you might be carrying.  A long USB-A to Lightning charging cable Amazon Anker Powerline+ II Lightning Cable, available on Amazon, $22.99For a stocking stuffer or gift exchange, you can never go wrong with a charging cable — no one ever has enough charging cables for their iPhones or iPads. Plus, the longer cables like this 10-foot model makes it easier and more comfortable to use your iPhone or iPad while it's charging, as the included 3-foot cables don't let you get very far from the charging brick.You don't want to go cheap with cables, and one way to avoid cheap cables is to go with a well-known brand that's proven its reliability over the years. The Anker 10-foot Powerline+ is a proven, reliable, and long-lasting cable that also comes in a variety of colors.  A solid wireless keyboard and mouse combo from Logitech Logitech / Best Buy Logitech MK270 Wireless Keyboard and Mouse, available on Best Buy, $24.99A full wireless keyboard and wireless mouse combo from Logitech for $25 is a great deal and an easy gift for someone you know who needs one. There's no other combo we'd recommend to get someone who needs a mouse and keyboard up and running. There's nothing fancy here, apart from the value. The keyboard is powered by two triple-A batteries, while the wireless mouse is powered by a single double-A battery. The keyboard and mouse communicate with your computer with a tiny USB adapter, and it doesn't need pairing because it doesn't use Bluetooth.  An effective gaming mouse Walmart Logitech G300s Optical Gaming Mouse, available on Amazon, $22.35The Logitech G300s is a great gift for someone who enjoys gaming, but doesn't yet have a top-notch gaming mouse. It has a comfortable ambidextrous grip and six programmable buttons you can adjust with Logitech's gaming software. And, for under $25, it's been praised by multiple reviewers as the best budget gaming mouse you can buy. Don't let the price tag fool you: The G300s isn't a bad mouse; it's just an older model.The G300 comes with a gaming-grade optical sensor for better accuracy and tracking than standard mice, and some sleek and modest lighting strips that accent the all-black matte plastic G300s. It plugs into a computer's standard USB port.  An big, wide mouse pad for work or gaming Walmart / Corsair Corsair MM100 Cloth Gaming Mouse Pad, available at Walmart, $12.96A mouse pad seems strange as a gift, but this one is large and well made — it's one of those things that can make a surprisingly significant improvement to comfort and efficiency while using a mouse for gaming, work, or general use. The Corsair MM100 mouse pad is larger than standard office mouse pads at 14.5 x 10.6 inches (370mm x 270mm) with 3mm thickness, making for greater surface area. That means fewer mouse lifts as you're moving the cursor around the screen. And, of course, it's great for gaming, which is this mouse pad's primary intention.  An effective dashboard phone holder Amazon iOttie Easy One Touch Phone Holder, available on Amazon, $16.06If you know anyone who is still using an ancient GPS to navigate, have mercy on them and give them the iOttie Easy One Touch Phone Holder. This car mount has a one-touch release mechanism for easily inserting and removing your phone, and its arm can pivot 225 degrees to ensure a comfortable viewing angle.The Phone Holder stays on a car's dashboard via a suction cup, which sticks to an included dashboard pad that sticks firmly on a car's dash. You can simply use the suction cup on a car's windshield if the driver would rather not use the dashboard pad that sticks onto the dash.    A Tile Bluetooth item tracker Amazon / Tile Tile Mate, available on Amazon, $24.99Attach the Tile Mate to your keys, luggage, backpack, briefcase, or any other valuable possession to ensure you never lose that item again. If you misplace the object that includes your tracker, just check the Tile app to see its location in seconds. As a bonus, if you lose your phone, you can squeeze your Tile Mate to make it ring. The Tile Mate has 200-foot range (60m) and it's water-resistant, making it an actual realistic option to track your pets, too. If items with the Tile Mate are out of range, there's a chance that the someone else with a Tile can pick it up and relay its location back to you via the Tile Network and Tile app. The Tile Mate has a one-year battery life that can be replaced by the user.  A subscription to a popular streaming service Hulu/Alyssa Powell/Business Insider Hulu gift card, available on Amazon, from $25This recommendation technically breaks our under $25 threshold, but it's such a convenient gift that it's hard not to include. Hulu is one of our favorite streaming services thanks to its affordable price and big selection of network shows, original series, and entertaining movies. Though the platform doesn't sell annual gift subscriptions, you can buy Hulu gift cards. A $25 card will cover three and a half months of Hulu's ad-supported plan ($7/month), or just under two months of Hulu's ad-free plan ($13/month).Once your recipient's gift credit expires, they must provide another payment method to continue their Hulu subscription. Similar gift cards are also available for Netflix and Paramount Plus. Read the original article on Business Insider.....»»

Category: smallbizSource: nytOct 29th, 2021

33 unique gift ideas from "Shark Tank" that you can get on Amazon

Products from 'Shark Tank' often make great gift ideas since they're unique, fun, or solve a common problem. On Amazon, they're easy to send as gifts. When you buy through our links, Insider may earn an affiliate commission. Learn more. This Rapid Ramen Cooker is just one of many "Shark Tank" products that make great gifts. Amazon If you gift a product from the show "Shark Tank," then you know it'll be both creative and practical. Games, kitchen tools, and food are thoughtful gifts to give the "Shark Tank" fan in your life. Most of these items are available with Prime two-day shipping, so they will likely arrive quickly. Whether you tune in for the pitches or entertaining banter between the entrepreneur judges, "Shark Tank" is an exciting show to watch with many nail-biting moments. The series is currently in its 13th season, and continues to highlight new and creative products.As we've seen over the years, some pitches do extremely well, while others aren't so lucky - but the fact remains that the show brings forward innovative ideas most of us have never considered.That's why the products from the show tend to make especially good gifts. They're far from generic and they usually solve a common problem or annoyance. Conveniently, most are also available on Amazon with free two-day shipping for Prime members, so you can get them as convenient gifts.If your giftee loves watching 'Shark Tank,' they'll recognize these 33 awesome gift ideas: A kit for homebrewing kombucha The Kombucha Shop Deluxe Kombucha Brewing Kit, $79.99Kombucha is essentially a fermented tea, and it's surprisingly easy to make at home. When entrepreneur Kate Field appeared on "Shark Tank" representing her business, The Kombucha Shop, she struck a deal with Barbara Corcoran and Sara Blakely.The deluxe brewing kit comes with an organic kombucha culture and everything else your gift recipient needs to get started. Insider's Home & Kitchen reporter James Brains reviewed the product and called it a "game-changer." For anyone who enjoys the fermented drink, this kit can be a fun project that provides more customizable options than store-bought kombucha. A car accessory that prevents items from falling in between their seat and console Amazon Drop Stop Car Seat Gap Filler (2-pack), $24.99Anyone with a car can probably relate to the frustration of dropping something in that tiny space between their seat and center console. Whether it's a smartphone or a couple of french fries, losing items in that gap is always annoying. This simple gap filler fits right around your giftee's seat belt to fill in that area and prevent anything from falling in there. It's a handy accessory that any car owner will appreciate. A towel for quickly drying their leafy greens Salad Sling Salad Sling, $19.99Washing lettuce and other leafy greens is important, but no one wants to eat a soggy salad. With this salad sling your giftee can avoid the hassle of using paper towels to pat their greens dry and save the counter space taken up by a traditional salad spinner.Just place washed lettuce in the center of the microfiber cloth, grab the four corners, and swing the towel around to dry your greens. Although the product did not strike a deal on "Shark Tank," the salad sling is a solid gift choice for any recipient who regularly consumes leafy greens. A phone charger and sanitizer that kills 99.99% of germs Amazon Phone Soap 3, $72.99This handy phone device completely sanitizes your phone while also charging it. It fits most phone sizes and small accessories like headphones or smartwatches. Stay healthy and safe with this innovative design. A memory foam pillow with a hood for more restful flights Amazon Hoodie Pillow, $29.95If privacy and comfort are essential for your giftee during long trips, this hoodie pillow is a perfect travel accessory. The cozy pillow is made from memory foam covered with premium sweatshirt material. With the addition of the hood, the travel pillow blocks light and reduces sounds. Wearable weights for workouts or everyday tasks Amazon Bala Bangles, from $44.99One size fits all with these adjustable wrist and ankle weights that upgrade your next workout. With a set of either one pound or two, they provide additional exercise to everyday activities. A powerful temperature controlled sponge Amazon/Insider Scrub Daddy (3-pack), $13.80One of the most popular Shark Tank products is the Scrub Daddy, which is designed to fit in your hand while also offering powerful scrubbing. The sponges change from hard to soft textures depending on if you're using them in cold or hot water. A reusable smart notebook Amazon/Insider Rocketbook Smart Reusable Notebook, from $24.46If they go through notebook after notebook, this reusable option offers a long-lasting solution. Use the included pen to take any notes, then scan each page using the accompanying app to save the pages in the program of your choice. A back support belt that improves posture Amazon BetterBack, $49.99Insider Reviews executive editor Sally Kaplan can't recommend this posture corrector enough. If your recipient suffers from back pain, this ergonomic belt provides the relief they'll need. A cake accessory for people who love surprises Amazon Surprise Cake Popping Cake Stand, $60.98This clever product lets you hide gifts inside a cake, giving the gift an extra oomph and wow factor. As long as it fits inside the Gift Pod, which measures 2.8 inches by 6 inches, it can go in the cake. A tool to help them reach every last drop Amazon/Insider The Spatty & Spatty Daddy Last Drop Spatula, Two Piece Set, $11.99They'll never have the guilty feeling of tossing a semi-full container again with this fun and useful two-piece set. The Spatty can be used in cosmetics, condiments, and any other container they can think of. Afterwards, it's safe to throw in the dishwasher for cleaning. An eco-friendly alternative to paper towels Amazon/Insider Bambooee Paper Towel Replacement 30-Sheet Roll, $10.99If they are passionate about creating less waste, these reusable paper towels are a great alternative to their one-time use counterparts. Made of organically-sourced bamboo, these paper towels can be machine washed up to 100 times. The eco-friendly benefits don't stop there: for every Bambooee roll sold the company pledges to plant a tree.   A tool to protect their fingers during home renovation projects Amazon/Insider Safety Nailer Framer, $8.99This simple tool will help them get through their ambitious home renovation projects without injuring their fingers. The Safety Nailer holds screws and nails steady when drilling or hammering and is designed to be used with either hand.  A memorable 3D card Amazon/Insider Lovepop Marvel Black Panther Pop Up Card, $15The cards are available in eight different "Marvel" designs, or you can visit Lovepop's Amazon page to find other types of themes. Don't worry — there's still room to write an actual message for your recipient in the included notecard.  A funny gift box Amazon/Insider Prank Pack Bathe & Brew Gift Box, $6The Prank Pack isn't the actual gift, but it is a funny way to prank your recipient and trick them into thinking they're receiving a strange or gimmicky present. The co-founder is a former writer at The Onion, so expect nothing less than hilarious fake products and product descriptions that your recipient will have to pretend to enjoy.  A travel accessory that combines a hoodie with a memory foam pillow Amazon HoodiePillow Memory Foam Travel Pillow, $29.95The clever design of this two-in-one hoodie and memory foam pillow, which feels like their favorite fleece sweatshirt, lets them fall asleep comfortably while traveling. The hood helps block out light and noise, while the pillow provides soft neck support. A baking pan that gives them more edge pieces Amazon Baker's Edge Nonstick Edge Brownie Pan, $36.95The days of fighting over the limited number of edge pieces are over. With this unique pan, every piece has two delectable, chewy edges. Other than to make brownies, they can also use it for other desserts, pasta, or any baked good that requires some extra crust. A fun outdoor game Spikeball/Instagram Spikeball 3 Ball Kit, $69.96On a beautiful sunny day at any park in the city, you'll probably see at least one group playing this fun and active game. With rules similar to volleyball, it's easy to learn so the whole family can get involved. Prior to the pandemic, the company even held nationwide tournaments.  A glass that makes any wine bottle into a single serving Amazon/Insider Guzzle Buddy 2GO Wine Glasses, $12.99This handy tool can attach a glass to nearly any bottle of wine. It's odor-free, virtually unbreakable, and top-rack dishwasher safe. Plus, it lies at the intersection between a humorous white elephant gift and an actually useful accessory, given how the past year has panned out.  An appliance that turns any beer into draft beer Amazon Fizzics FZ403 DraftPour Beer Dispenser, $118.59Using sound waves, this cool appliance turns any can or bottle of beer into fresh draft beer by turning its natural carbonation into compacted micro bubbles. All they have to do is insert their favorite beer, then pull and push the tap to receive the enhanced version of their IPA, pilsner, or stout.  A balance bike Amazon KaZAM No Pedal Balance Bike, from $58Featuring a patented footrest design that helps young kids find their center of gravity, this bike builds the confidence needed to transition to riding a proper bike. The ergonomic, adjustable handles and seat will get kids comfortable and ready to ride right away. The bike weighs only eight pounds and the puncture-free tires never need air.  A beach towel that gives back Amazon Sand Cloud Turkish Towel, $44This beautiful 100% Turkish cotton towel also works as a throw or wall tapestry. It's thin and compact, but durable. Plus, the company donates 10% of profits to help preserve marine life. High-fidelity earplugs to protect their ears during concerts Amazon/Insider Vibes High Fidelity Concert Earplugs, $23.98If you know someone who is planning on attending a lot of loud shows, their eardrums may be facing the consequences. Wearing these comfortable earplugs can reduce noise levels by up to 22 decibels, but they don't cancel out noise completely. Instead, they only filter out certain frequencies, so your recipient will still be able to enjoy the crisp vocals and instrumentation of their favorite band. The famous 'Comfy' sweatshirt that they'll never want to take off Amazon The Comfy Sweatshirt, from $44.95You can practically feel the comfortable softness and warmth of this oversized blanket sweater just by looking at it. Cozy up in The Comfy by the fireplace, at sports games, or while watching rom-coms.  Adorable leather moccasins Freshly Picked/Instagram Freshly Picked Kids' Soft Sole Moccasins (Newborn Baby), from $59The creator of the cutest little baby shoes you've ever seen got her start picking up yard sale leather scraps and selling on Etsy. Today, parents everywhere are obsessed with the unique and comfortable 100% leather designs that infuse style into their baby's every step.  A better protein mixing bottle Amazon Ice Shaker 26-Ounce Stainless Steel Protein Mixing Cup, $34.99The problem with traditional plastic protein powder shakers is that they tend to absorb odor and won't keep the contents cold. Former NFL player Chris Gronkowski's stainless steel water bottle is double-insulated, spill-proof, and odor-free — the upgrade that fitness enthusiasts deserve. A funny card game that tests the financial limits of various outrageous scenarios Amazon/Insider Pricetitution Card Game, $19.99Every card begins with the prompt, "How much money would it take me..." followed by a funny situation. It was a big success on both "Shark Tank," with four Sharks giving offers, and on Kickstarter.  A smart video doorbell Amazon Ring Video Doorbell Pro, Works with Alexa, $169.99Ring may not have secured a deal with the Sharks, but it did strike up a deal with Amazon for over $1 billion in 2018, so it's doing just fine. The smart security system has two-way talk, sends motion-activated alerts, and works with Alexa, giving homeowners the peace of mind that their house will be safe, regardless of whether or not they're home.  A pair of lightweight running sandals Xero Shoes/Instagram Xero Shoes Barefoot-Inspired Sport Sandals, Men's Z-Trek, $64.99Xero Shoes Barefoot-Inspired Sport Sandals, Women's Z-Trek, $64.99After constantly getting injured while running, cofounder Steven Sashen switched to barefoot running and loved the effects, so he created a thin running sandal. These comfortable and supportive shoes are great for runners and could inspire them to kick-start new running goals. They can also be used for outdoor activities like hiking and kayaking.  A suction silicone place mat Amazon Ezpz Happy Mat, $19.99Parents will appreciate any help they can get. The placemat stays right in place on any flat surface, making it that much easier to get food from the plate into their child's mouth. A temperature-regulating machine that goes under their bed Amazon BedJet 3 Climate Comfort for Beds, $449As an engineer who developed the heating and cooling systems of NASA spacesuits, the creator of BedJet has the perfect background to improve the sleep experience. Since temperature often impedes a good night's sleep, the BedJet blows hot or cold air onto the bed and over their body and creates "biorhythm sleep sequences" throughout the night.  A drink accessory that keeps their beer cold BottleKeeper BottleKeeper The Standard 2.0, $32.98Is there anything more frustrating to an avid beer drinker than a cold one that's less than cold in just half an hour? The insulated stainless steel BottleKeeper, complete with bottle opener, keeps their beer colder for a longer period of time. It's also a smart way to protect against drops and spills.  A rapid ramen cooker This Rapid Ramen Cooker is just one of many "Shark Tank" products that make great gifts. Amazon Rapid Ramen Cooker, $10.99What seems like a gag gift has actually come in handy for many busy students, parents, and office workers because it takes away the need for a stove and dish-washing session, cooks the noodles more quickly, and requires less water. It's the perfect size for a block of ramen and a faster, more reliable alternative to stovetop cooking.  Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 26th, 2021

The best home gym machines and equipment for your garage or living room in 2021

The right selection of workout gear can transform your living room into a fitness studio. Here's the best home gym equipment that'll help you do it. ProForm; Amazon; Everlast; Alyssa Powell/Insider Table of Contents: Masthead Sticky Working out at home can be just as effective as going to the gym - so long as you have the right equipment. When outfitting your own home gym, consider how much space you have and the kinds of workouts you plan on doing. Below are 10 of our favorite pieces of home gym equipment including dumbbells, treadmills, and resistance bands. Working out at home is more popular now than ever, and it's the growing prevalence of home gym equipment that's one of the main reasons why. With just a few pieces of gear, you can uniquely customize your living space to function as well as, if not better than, your local gym. Maybe you pair a set of dumbbells or resistance bands with a treadmill to work on building strength and maintaining your cardio. Perhaps you'd prefer something a little more comprehensive like an all-in-one home gym. The ability to tailor your home gym to exactly what you need is invaluable.As the fitness editor for Insider Reviews, I'm constantly sweat-testing just about anything that can be considered home gym-worthy. This includes things like kettlebells and jump ropes, as well as yoga mats, cable machines, and exercise bikes.Below are 10 of my favorite pieces of equipment that are staples of my weekly fitness routine. Instead of rushing out and buying all of them, I recommend you first consider what it is you want to accomplish and the workouts you want to do, then pick and choose the gear that fits that best.At the end of this guide, you'll also find answers to a few home gym FAQs, as well as insight into how I tested everything. Here's the best home gym equipment:Best treadmill: ProForm Pro 2000Best exercise bike: NordicTrack S22iBest all-in-one gym: Tempo StudioBest cable machine: MaxProBest resistance band: TheraBandsBest dumbbells: PowerBlock Sport 24Best jump rope: Crossrope Get Lean SetBest slam ball: Everlast Flex Slam BallBest yoga mat: Rumi Earth Sun Yoga MatBest pull-up bar: Garren Fitness Maximiza Pull Up Bar Best treadmill for home ProForm The ProForm Pro 2000 Treadmill is a versatile at-home option that's great for racers, casual runners, and anyone looking to keep up with steady cardio exercise. Pros: Strong construction, great features, iFit compatibility, ProShox cushioning for soft landingsCons: Expensive, takes up spaceThe beauty of a treadmill is that no matter where you're starting from, it accommodates your current fitness level and will adapt as your capacity changes. You can walk, jog, or run all at your own speed and preference.The ProForm Pro 2000 Treadmill is an excellent choice no matter your fitness level or skill. It may remind you of the treadmills you see in a brick-and-mortar gym, as it has the same type of features. There's the ability to incline up to 15%, decline down to negative 3%, as well as a 7-inch color screen that's compatible with a range of interactive workouts from iFit. This treadmill also has a reliable 3.5-horsepower motor, a wide belt deck that's great for almost all runners, and a soft belt that helps reduce the impact of each stride. There's even a music port for plugging in a music player and fitness app access. What else we recommend:NordicTrack's Commercial 2950Read our full guide to the best treadmills Best exercise bike for home NORDICtrack NordicTrack's S22i Studio Cycle is like having your own personal cycling coach and the bike's auto-resistance and incline/decline means all you have to do is focus on the ride.Pros: Globe-spanning video content; large variety of ride types, including mountain bikes, road bikes, and casual rides; automatic resistance and incline/decline controlCons: ExpensiveThe S22i Studio Cycle from NordicTrack is our favorite at-home stationary bike for a number of reasons, mainly the fact it has an extensive library of globe-spanning rides and features automatic resistance and incline/decline control. This means that while you're riding, all you need to do is pedal away and the bike makes all the necessary changes for you.Regarding its content library, NordicTrack features the iFit suite of workouts (same with its treadmills and row machines). What iFit offers is more than just the standard in-studio rides (though it does have that, too), but also the ability to choose a wide variety of locale-based routines. This means that you could bike up Mt. Fuji one day while following along a mountain bike course in Chile the next. And each ride is led by one of iFit's many trainers, most of which are professional cyclists. Not only does this add more variety and diversity than a trainer trying to motivate you from a dimly lit room while techno blasts in the background, but it's also a refreshing change of pace that allows you to still get a damn good workout. Its large onboard screen provides crisp video playback while showing you where you stand against other riders who've ridden the same course — and the interface keeps track of how many miles you've done each week, the number of hours you've been on the bike, and how much elevation you've gained. There's even a built-in fan you can use to keep you (mostly) cool while riding. Though the S22i Studio Cycle isn't exactly cheap (it retails for $1,999), it does offer a comprehensive solution for anyone who wants a full-featured cardio machine in their home. It's been one of our favorite stationary bikes for some time, and a staple of our at-home workouts.What else we recommend:Stryde Exercise BikeRead our full guide to the best exercise bikes Best all-in-one gym Tempo The Tempo Studio is the definition of an all-in-one gym — it has hundreds of guided workouts with helpful trainer feedback and a wide selection of weights in one package.  Pros: Like having an entire gym in your living room, all components are premium in quality, trainer feedback on form and technique is really helpful, so many unique workouts and classes, touchscreen is bright and easy to useCons: Expensive, somewhat of a steep learning curve for new users who haven't put weights on a dumbbell or barbell beforeThe Tempo Studio cabinet is one of my absolute favorite things I've tested in the last several years. It came around at a time when I couldn't access my local gym yet it quickly showed me that I didn't need to even worry about that in the slightest — it had literally everything I needed to continue my exactly gym workouts from the comfort of my apartment. In essence, it's like the Peloton of an all-in-one gym. It features a large onboard screen that provides access to hundreds of newly uploaded classes across a variety of types. This includes HIIT routines, strength training, core workouts, low-impact classes, cardio boxing, and yoga, among others. Then there's the cabinet and its bevy of weights, which includes two dumbbell handles and a full barbell. To use these, you just slide a weight on either side (each routine that requires this clearly states it prior to any workout). C0llars are also included to avoid the weights from flying off, too. The entire package is a masterclass in quality, effectiveness, variety, and fun — and at around $2,200, it's not much more expensive than the top-of-the-line treadmills or exercise bikes. If you prefer lifting weights to indoor cardio, the Tempo Studio cabinet is absolutely for you.What else we recommend:NordicTrack VaultRead our full review of the Tempo Studio Best cable machine MaxPro The MaxPro machine is the ultimate resistance training device that's not unlike what Tonal offers, albeit in a much more portable (and cost-effective) package.Pros: Resistance up to 300 pounds, can support everything from cardio and strength training to suspension and HIIT workouts, weighs just 9 pounds, easily portable, comes with a compatible smartphone app for suggested workoutsCons: Little bit of a learning curve for new users, some exercises require the purchase of a separate benchIf you're looking for a more versatile resistance training workout, consider the MaxPro, a device that's a cross between Tonal, TRX's training straps, and traditional resistance bands. The device itself weighs just nine pounds but offers resistance from as low as five pounds on up to 300 — which is plenty no matter how big your goals are. What I've liked most about using the MaxPro is its simple portability. The machine easily folds up and can be used just about anywhere. I've taken it with me while traveling, used it at a friend's house, and even set it up both in the living room of my apartment and on my back patio, and using it in each location delivered a similar experience. One of the biggest prerequisites of using a device like this is being interested in a resistance-only type workout. We've written before about how resistance bands offer a better workout than dumbbells, and the same is true with the MaxPro — so long as you're using it correctly. What helps bridge the knowledge gap between someone who's used to resistance training and those just starting out is its companion coaching app. Instead of just having to develop resistance routines on your own, the app allows users to input fitness goals and some personal info before it spits out uniquely tailored routines. This reduces the learning curve significantly. Price-wise, the MaxPro isn't cheap but compared to other systems like it, it's relatively fair. The device by itself costs around $800 via Amazon (which is a sale price off its normal $900 price tag, and a great deal), while the Elite bundle, which comes with a bench, a backpack for storage, and an installable wall track system, runs roughly $1,400.What else we recommend:HyGear Gear 1 Best resistance bands Amazon TheraBands' resistance bands are thin and lightweight, yet offer a surprising amount of resistance perfect for a variety of home workouts.Pros: Inexpensive, lightweight, offers a wide range of resistanceCons: Might not be suitable for someone looking for intense resistanceResistance bands are simple pieces of workout equipment that offer a wide range of uses, and this kit from TheraBands is the perfect addition to any home gym. They allow for a weight range of 2.4 pounds on up to 21.3 pounds, giving you the ability to add minimal resistance to a high-intensity routine or ramp it up for deadlifts or upright rows.Each resistance band is lightweight and thin but still delivers durable performance (even if it feels like it might tear). Also, their latex-free design means anyone with a latex allergy needn't be worried. The TheraBands resistance band kit is also highly portable. Void of any handle or extra material, each band folds down compact enough to throw into a small gym back for easy transport or storage. And at $14, they're inexpensive, too. This makes them an easy addition to anyone's home gym, whether you're looking to add another layer to your strength training or increase the intensity of your cardio workouts. What else we recommend:TB12 At-Home Looped Band KitRead our full guide to the best resistance bands Best home dumbbells Powerblock PowerBlock's dumbbells offer weight up to 24 pounds in each hand, feature a comfortable, balanced grip, and allow for a variety of exercises.Pros: Max weight of 24 pounds per hand, relatively affordable compared to similar dumbbells, sturdy and comfortable gripCons: Awkward weight-changing mechanism, can feel a bit long when at max weight, max of 24-lbs might not be enough for heavy liftersDumbbells are a crucial addition to any home gym. Not only do they do well for anyone trying to improve their curl form, but they also work well for a variety of lifts including squats, shoulder presses, lunges, and pushups (among others).But snagging a pair of adjustable dumbbells is a smart way to save space and reap more versatility for your workouts. The key to finding a good set rests with how comfortable they are to use and how much available weight they allow. PowerBlock's dumbbells do well to check each of these boxes.They feature a handle centered on the device to allow for a comfortable feel and grip, as well as a design that makes them incredibly easy to stow.Though a set of PowerBlock dumbbells sets you back roughly $500, its ability to allow for multiple exercises across a large range in weight makes it one of the best options for any home gym. What else we recommend:Bowflex SelectTech 560Thompson Fat BellsRead our full guide on the best dumbbells Best jump rope Crossrope The Crossrope Get Lean Set is a versatile jump rope that comes with two different ropes and app compatibility for targeted workouts and weekly routines. Pros: A great workout, perfect for travel, smooth performance, multiple weight options of the ropeCons: Jumping rope is high-impact, so if you have problems with your knees or back, it might be too intense for you.According to the American Council on Exercise, jumping rope not only torches calories in the moment, but it also increases the resiliency of your lower-leg muscles, improves balance and coordination, and ups your cognitive skills. When it comes to getting one for your home gym setup, the Crossrope Get Lean Set is an excellent choice. Featuring ergonomic handles, two different weighted ropes (1/2-pound and 1/4-pound), and a companion smartphone application, the Get Lean Set is a great way to improve your cardio or add to an existing full-body or HIIT routine. What else we recommend:WOD Nation Speed Jump RopeFitskuad Jump RopeRead our full guide to the best jump ropes Best slam ball Everlast The Flex Slam Ball provides an easy and effective method for improving your strength, flexibility, and explosiveness, and can be incorporated into any at-home fitness routine.Pros: Available in a variety of weights, easy to use, contributes to a full-body exercise when used properlyCons: Buying multiple sizes can get expensiveSlam ball workouts may seem basic but when done correctly, they provide an excellent full-body workout. Whether this means adding weighted lunges to your routine, utilizing the ball as a base for side-to-side pushups, or just doing a few tried-and-true ball slams, a slam ball, in general, is a worthy addition to any at-home gym setup — and it's something I use every week.My personal favorite is the Flex Slam Ball series from Everlast. The brand has historically made durable gear and that's especially true here.The Flex Slam Ball is available in a range of weights options from 6-pound, textured slam balls up to a 50-pound traditional ball. Each sand-filled ball provides a comfortable grip, durable exterior, and a shock-absorbing design.What else we recommend:Amazon Basics Slam Ball Best yoga mat for home Amazon Rumi Earth's Sun Yoga Mat is made of a blend of both cotton and natural rubber sap which makes it comfortable underfoot (or hand), and it's great for seasoned yogis or amateurs alike. Pros: Comfortable to use, made of non-toxic and eco-friendly materials, available in a variety of sizes, comes from a minority-owned small businessCons: NoneA quality yoga mat makes home workouts that much better and the Sun Yoga Mat from Rumi Earth is one of our absolute favorites. It features a blend of cotton and natural rubber which give the mat a comfortable feel for all types of yoga practices and moves — which is especially appreciated if you're someone like me who falls out of a pose every so often. What also makes this mat great is its open-cell design, so anyone who sweats a lot while practicing yoga will appreciate not slipping when changing poses or moving around. Our reviewer put this feature to the test and found that despite dripping with sweat, she never had a problem with traction. This mat's 4.3mm thickness (compared to most other mats' 3mm thickness) only adds to its comfort and makes it a great choice for anyone with joint pain. It's not so thick that it's extremely noticeable, either. And lastly, Rumi Earth is a minority-owned athleisure company that prides itself on being eco-friendly and using non-toxic materials. Each mat sold by the brand is biodegradable, too, as if you needed more of a reason to support it.If it's a more complete set of yoga accessories you're after, consider the Complete Yoga Kit Set from Clever Yoga. This not only comes with a quality mat but also a set of blocks, a towel, a cotton strap, and a carrying case to pack it all into. What else we recommend:Yogi Bare Teddy MatComplete Yoga Kit Set from Clever YogaRead our full guide to the best yoga mats Best pull-up bar for home Garren Fitness The Garren Fitness Maximiza Pull Up Bar is easy to install and gives you a great workout that can improve grip strength and help build muscle.Pros: Comfortable foam grips, unobtrusive, solidly builtCons: Installation requires drilling into a door jamb, foam grips may wear from heavy-duty useThe Garren Fitness Maximiza Pull Up Bar is made of chrome steel and comes with three sets of mounting hardware with two of the sets able to support up to 300 pounds of weight. The medium-duty door mount supports 150 pounds and is not recommended for use above waist height.You can also use the bar without door mounts for sit-up foot support and other light exercises. It's adjustable and fits doorways between 26 and 36 inches wide, and can be installed so that you can still close the door.The bar features non-slip, extra-long foam grips to ensure you won't easily lose your grip. You shouldn't have any trouble with installation, though it may take a little work to get it to the right length.What else we recommend:Ultimate Body Press Ceiling Mounted Pull Up BarStamina 1690 Power TowerRead our full guide to the best pull up bars FAQs Is home gym equipment worth the money?Yes, especially if you plan on using the equipment often.Outfitting your home gym doesn't have to cost a ton of money or take up a ton of space — even if you're intending to stock an entire garage full of gear. And you certainly don't need a garage or dedicated room — small devices that can be tucked under the coffee table or stored in the corner can go a long way to delivering a better burn without costing a fortune.It's can be cost-effective to stock up on affordable pieces of high-quality gear like resistance bands or a single set of dumbbells or kettlebells. Just because treadmills or exercise bikes are associated with physical gyms doesn't mean you have to have one (or spend the money on one) to officially deem your workout space a "home gym." Are home gyms effective?Without a doubt. And if you're intentional about the gear you purchase and know exactly how you want to use it, a home gym can be even more effective than a standard in-person fitness studio.Being able to fully customize the setup of your home gym lets you focus solely on the workouts and exercises that are beneficial to you, thus cutting away all the excess equipment often found at something like a 24-Hour Fitness.Plus, you don't have to wait your turn to use your equipment. You just use it whenever you want. That level of convenience is nearly impossible to replicate and only adds to a home gym's effectiveness.Are home workouts better than the gym?Just because you're not visiting a brick-and-mortar gym or fitness studio, doesn't mean you can't replicate the workouts they offer. Everything from high-intensity interval training and strength workouts to cardio routines and resistance training can easily be done at home.Here are a few basic exercise categories to familiarize yourself with before jumping into any home workout routine. Cardio exercise: Cardio exercise is defined by the American College of Sports Medicine as any exercise that raises your heart rate and breaths per minute while repetitively and rhythmically using large muscle groups. That's a fancy way of saying that cardio or aerobic exercise is anything that gets you moving fast and hard enough to break a sweat. Typical cardio exercises include running, biking, jumping rope, etc. The benefits of aerobic exercise are many, including weight loss, stronger bones and muscles, better sleep, lowered levels of depression and anxiety, and even the reduced risk of many types of cancer, to name a few.The ACSM recommends adults get at least 150 minutes per week of moderate-intensity aerobic exercise, which can be broken down into multiple sessions as short as ten minutes.Strength training: Strength training — also called resistance training — is the use of exercise against resistance to build and strengthen muscle. That resistance might come from your own body weight, a dumbbell or other hand-held weight, or a wide range of resistance machines.Along with improved muscle strength and definition, resistance training helps develop bone density and assists with weight loss.The ACSM recommends healthy adults do strength training two or three times per week, engaging in eight to 10 different exercises focusing on a variety of muscle groups. Beginners should aim for eight to 12 repetitions of each exercise, using the amount of weight that leads to muscle fatigue within that set of reps.Balance and flexibility training: While various cardio and strength-training exercises help improve balance and flexibility, it's important to incorporate training that specifically targets these two functions. They make daily living much easier and help improve your overall health and mental well-being. Aim for at least two balance or flexibility workouts each week.What should I look for in home gym equipment?When shopping, it's smart to first develop a workout plan detailing what you want to attain. Though workouts of all varieties do well to work together to improve one's overall fitness, starting out by focusing on one or two areas helps you refine your goals.Perhaps you want to strength train; purchasing a set of resistance bands or dumbbells is likely where you want to start. If it's cardio or full-body toning you're after, maybe a treadmill or row machine is more appropriate.This initial research is important because there's so much more to stocking a home gym properly than attempting to mimic the studios you're used to. Study the differences between resistance bands and dumbbells to find what suits you best, download and stream a few at-home workout apps, or figure out the best time to work out each day.Doing this not only informs how exactly you prefer keeping fit and the best methods for doing so but it ultimately teaches you which equipment is right for you and your home gym.  How we test home gym equipment Each piece of home gym equipment featured in this guide went through a series of tests to help determine its effectiveness, ease of use, portability, and value. I considered each piece's feasibility for use in a home, whether there was a steep learning curve, its relative value, how portable or easy to stow it might be, and how practical it is for every day or every week use.Of course, not all home gyms have the ability to be created in an equal fashion, so the equipment I tested covers a wide variety of use cases that anyone can pick and choose to their liking (and, perhaps most importantly, for what fits their home workout space). This means that if you have the space for a treadmill, you likely won't also be in the market for a stationary bike or an all-in-one gym.Some of the testing experience I used in compiling this list also took place during the creation of other guides (like our guide to the best treadmills or the best dumbbells). Where necessary, I also included similar equipment that was tested, as well as plenty of links to more focused equipment buying guides on Insider Reviews. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 25th, 2021