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Category: topSource: redinewsNov 15th, 2021

41 thoughtful, last-minute gifts that don"t feel rushed

Last-minute gifts can be as thoughtful and unique as any, from subscription services to gift cards that can be used at any time. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.The Sill We're not down to the wire yet, so there's still time to find thoughtful, unique gifts. Below are options with fast shipping and instant options like subscription services or e-gift cards. If you're worried about a late arrival, this clever hack ensures they still have a gift to open. We've all been there — holidays and birthdays are just around the corner, your schedule starts getting more chaotic, and you still haven't picked out a gift.Whether it just slipped your mind or you decided to give a gift impromptu, we've got you covered. This list proves last-minute gift ideas can still be thoughtful and unique, from clever subscriptions to useful gift cards and everything in between.Most of these can be e-mailed to the recipient just in time, while some are available at stores with two- or even one-day shipping. As a last resort, repurpose this clever hack to ensure they still have a gift to open.  Check out our 41 picks for last-minute gifts: A Murray's Monthly Clubs subscription for cheese loversMurray's Cheese/FacebookCheese of the Month subscription, available at Murray's, from $63/monthSend the best of Murray's cheese and satiate their hankering for a good gouda or creamy brie with a monthly subscription. Whether they're a cheese aficionado or just looking for a yummy snack, they'll enjoy getting fresh cheese delivered to their door, along with detailed guides to the flavors and suggested beverage pairings for each. Choose from options like Classic Cheese of the Month for newbies all the way up to Cheesemonger's Picks of the Month. You can pay for a month-to-month subscription or pre-pay for a three-month option.A Veuve Clicquot gift box, or any bottle of something nice from DrizlyDrizlyVeuve Clicquot Yellow Label Cassette Tape, available at Drizly, starting at $62.69If you've only got hours to send a gift, there's always Drizly. It not only delivers in a flash (generally, depending upon where your recipient is), there are gift sets, like this fun Veuve Clicquot in a cassette box, aplenty.A Babbel subscriptionBabbel.BabbelBabbel subscriptions, starting at $59 for six monthsWhether they love to dabble in other languages or they're looking to gain citizenship in a land not (yet) their own, Babbel is a considerate and immediately deliverable option.An immaculately pre-cooked brisketLewis BarbecueA whole Carolina brisket from Lewis Barbecue, available at Lewis Barbecue, starting at $149 (overnight shipping available)With New Year's Eve right around the corner from Christmas, hosting — and cooking for — a party can suddenly feel overwhelming. Shipping on Tuesdays and Thursdays, this brisket (available in three sizes) will arrive from South Carolina on their doorstep in no time, frozen or thawed.A pair of Apple AirPodsA pair of Apple AirPods Pro wireless headphones and charging casePhil Barker/Future Publishing via Getty ImagesAirPods Pro, available at Target, $199.99 (on sale)Depending on how last-minute we're talking, you could secure a pair of these online and have them shipped in short order or pick them up the very same day.A treat (or three) from Milk BarMilkbarDesserts from Milk Bar, starting at $26Who says they can't have birthday cake during the holidays? There are plenty of choices at Milk Bar, which is sure to be a hit.Read our full review of Milk Bar here.An arts and crafts subscription boxThe Crafter’s Box/InstagramThe Crafter's Box membership, available at The Crafter's Box, $65/monthMaybe they're not the most creative soul on the planet, but there's no time like the present to help them discover their inner artist.A gift card for a bottle of something niceReservebar/InstagramGift cards, available at Reservebar, $10-$1000Reservebar excels in specialty wine and spirits, but recipients can have their pick of just about anything. If there's still time, you can even have a bottle engraved for them.Read our full review of Reservebar here.A tea-of-the-month subscriptionSips byMonthly tea boxes, available at Sips by, starting at $16/monthFour different teas (enough for about 16 cups) sent monthly will give them their fix but also open their world. They can create a free profile and customize their box based on their tastes or just sign up and see what arrives.A virtual message from their favorite starCameoPersonalized video message, available at Cameo, from $1Has a certain TV show become their quarantine guilty pleasure? Request a Cameo from their favorite actor, athlete, or comedian. Cameo offers over 40,000 celebrities and entertainment personalities to choose from, with plenty of options under $150, and select talent can fulfill requests within 24 hours. Just include some details, and they'll create a personalized video message.An electric toothbrush with top-notch accessoriesQuipQuip gift card, available at Quip, from $25Give them the gift of better oral hygiene with a Quip toothbrush, which pairs with an electric toothbrush, bundle, starter kit, or accessory, so they'll always be brushing with the most thorough and efficient brush tools.Read our full review of Quip versus Philips Sonicare here.A luxe jewelry rental serviceRocksboxRocksbox Jewelry Subscription Box, available at Rocksbox, $49/three monthsGrant them full access to the ultimate jewelry collection, featuring top designer brands like Kendra Scott, Kate Spade, Gorjana, and more. Every month, Rocksbox will send three pieces of jewelry chosen by a personal stylist, with free shipping both ways. Get them started by choosing from three different membership packages: three months, six months, or 12 months.Read our full Rocksbox review here.A diaper and wipe bundle for expecting mothersHonestHonest Diaper + Wipes Bundle, available at Honest $55.96/bundleDo you know someone with a baby on the way? Gift them a monthly supply of Honest's premium diapers and wipes in a flexible bundle subscription. The bundle features three diaper types: everyday, training pants, and overnights, with custom sizes based on weight and age. If in between sizes, Honest recommends sizing up. Each pack includes over 100 diapers. Plus, they can personalize the diapers with a number of cute design options. A yearlong magazine subscriptionAmazonMagazine subscription, available at Amazon, starting at $5/yearNothing beats holding a physical issue of their favorite magazine. A subscription service makes sure it lands in their hand without the extra trip to the store. Choose from magazines like Entertainment Weekly, InStyle, Women's Health, and more that cost just $5 for an entire year.A low-maintenance plant serviceThe SillPlants for Beginners Subscription, available at The Sill, $60/monthEven the most novice green thumb can build a thriving garden with The Sill. Each month, the houseplant subscription delivers an easy-care hand-potted plant in a sleek ceramic planter. It's the perfect opportunity to cultivate their own at-home plant nursery.Read our full review of The Sill here.An endless closet of designer clothingRent the RunwayRent the Runway membership, available at Rent the Runway, $99/monthRent the Runway's innovative model means they no longer have to waste money on clothes they'll wear just once or twice. It's perfect for the fashionista in your life and lets them rent something new for any occasion — whether it be WFH, date night, or staycations.Read our full review of Rent the Runway here.A 12-pack of wine from an independent winemaker for under $100NakedWines.comGive a wine gift from NakedWines.comLooking for a last-minute gift that's perfect for your favorite vino fan? We recommend a few bottles from NakedWines.com. Every winemaker on the platform has been "funded" by "Angel" customers, meaning you feel like you have a more direct stake in the wine you gift — and they're all affordable and high-quality. Insider Reviews senior reporter Mara Leighton tried the service and found it to be a great value. Read the full review here.A Disney+ gift subscriptionAlyssa Powell/Business InsiderDisney+ Gift Subscription Service, available at Disney, $79.99/yearIt gives unlimited access to movies and shows from Disney, Pixar, Marvel, Star Wars, National Geographic, and 20th Century Fox for just $7.99 a month or $79.99 a year after a free seven-day trial. Read everything there is to know about Disney+ over here.And if they need some binge-spiration, here are all the new movies available to stream.A flower subscription service for freshly delivered bloomsLauren Savoie/InsiderFlower subscription, available at BloomsyBox, $44.99 per monthSend beautiful bouquets on a regular basis at the rate of your choosing — weekly, every two weeks, or monthly. Choose from a variety of floral themes, from roses to plants to pet-safe options. This new twist on a classic gift is one that'll keep on giving.Find out more about our favorite flower-delivery services here.A gift that's as uniquely sweet as they areSugarwishSugarwish treat boxes, available at Sugarwish, from $22 for two selectionsGifting just got a little bit sweeter. You choose the number of treats, and Sugarwish takes care of the rest. The recipient chooses which treats they want to receive once they redeem the gift, so it's the perfect last-minute item for a picky eater.A Headspace subscription for soothing meditationsHeadspace/FacebookMeditation App Subscription, available at Headspace from $12.99/monthThe past few years have been full of anxiety and uncertainty, which makes a gift that includes soothing meditation options extra thoughtful. They can listen to narrated meditations with a Buddhist monk, get tips for handling stress from videos with cute graphics, or leverage wind-down guided exercises to enjoy better sleep.  A MasterClass subscription to learn from the bestAlyssa Powell/Business InsiderAnnual Membership, available at MasterClass, from $15/monthFor the uninitiated, MasterClass is an e-learning platform that provides an array of classes taught by well-known celebrities and industry leaders. Users can find everything from television writing classes taught by Shonda Rhimes to a style lesson with Tan France. An Amazon Prime membership to make life easierAmazonAmazon Prime membership, available at Amazon, from $12.99/month or $119/yearThe gift of Amazon Prime is always one that'll be met with extreme appreciation, given that it is both practical and thoughtful. If the recipient already has a membership, the money will convert into a gift card that they can use on anything they want from the site. An e-gift card to Everlane for anyone who appreciates the basicsEverlaneEverlane e-gift card, available at Everlane from $25Everlane is our go-to for all things considered "closet staples" — from cozy cashmere to classic button-downs, comfortable cotton tees to casual denim. We can't think of anyone who wouldn't be able to put an Everlane e-gift card to use, especially when they can start shopping as soon as they open the e-gift card confirmation email. Check out every style we've tried from Everlane here. A Hulu gift card for the TV loverHuluHulu gift card, available at Walmart, from $25Hulu, like Netflix, is a must-have for TV fans. Whether or not they already have a membership (which you may or may not mooch off of), this gift card can be used to sign up or pay for their next few months with the service. An Amazon Kindle for book lovers who travel frequentlyAmazonAmazon Kindle Paperwhite, available at Target, $129.99Kindles make the perfect last-minute gift for voracious readers. Even if the recipient swears by the feeling of a real book in their hands, once they see how much easier it is to travel with one thin tablet instead of six thick novels, they'll be grateful you introduced them. The Paperwhite has a backlit screen with zero glare, so they can read it as easily outside as in bed with the lights out. Another plus? It's waterproof. Read about our experience with the new waterproof Kindle Paperwhite here. A Book of the Month subscription for bibliophilesBook of the Month InstagramBook of the Month Monthly Membership, available at Book of the Month, from $49.99/three monthsIf the Kindle just isn't their thing, the Book of the Month Club might be a perfect alternative. The subscription service narrows a selection of new releases down to five options, and the recipient will be able to choose which hardcover book they'd like to receive each month. If they don't like any of that month's selections, they can also opt to skip and wait until next month's choices come out. A gift card to their favorite music streaming serviceBest BuySend a gift card or subscription to Spotify, Amazon Music Unlimited, or Apple MusicSometimes the simple, practical route is the way to go when it comes to last-minute gifting. If they're one for spontaneous at-home dance parties or screaming their favorite songs in the car, a free month of their go-to music streaming service can prove to be just as thoughtful as a gift that's purchased weeks in advance.A bouquet to satisfy any sweet toothHarry & DavidSweet Chocolate Covered Donut & Cake Pop Bouquet, available at Harry & David, $54.99You may not be able to make them breakfast in bed, but you can still ensure they have a sweet morning with this donut and cake pop bouquet delivery. All of the mini treats are dipped in either dark or white chocolate and topped with chocolate drizzle and candy toppings. Best of all, last-minute shoppers can get express shipping.An e-gift card to Warby Parker for the daily glasses-wearerWarby ParkerWarby Parker e-gift cards, available at Warby Parker, from $50Glasses can help people express their individual sense of style, a trend only bolstered by stylish online glasses retailers. Warby Parker has managed to make prescription glasses affordable (a baseline pair starts at just $95, including lenses), but even if your giftee doesn't wear prescription glasses, the company also makes non-prescription sunglasses that are equally as good-looking. Digital gift cards are delivered to your recipient's email immediately.A BarkBox subscription for anyone who spoils their dogBarkBoxDog Treats Subscription Box, available at BarkBox, from $35/monthWhether they just got a new puppy or they've had a dog for a while now, you can't go wrong with a BarkBox subscription. To give it as a gift, simply input their pup's name and relative size (small, medium, or large), and select a one-, three-, six-, or 12-month increment. You can send the box directly to their house or purchase a digital gift card, which they can redeem immediately.A coffee subscription to help them stay caffeinatedAtlas Coffee ClubGift a Coffee Subscription Box, multiple plans available at Atlas Coffee ClubAtlas makes some of our favorite coffee out there, and it fresh roasts each batch before sending it out so you know the coffee you'll get hasn't been sitting on a shelf for six months. Any caffeine fiend will love receiving beans or grounds direct to their door each month, giving you extra brownie points each time.Read about our experience with Atlas Coffee Club here.A gift card to frame their art or photosFramebridgeFramebridge gift card, available at Framebridge, from $25Everyone appreciates having a beautiful frame for their photos, posters, or artwork — but no one actually likes paying for it themselves. They'll enjoy the chance to custom frame something for her home with Framebridge. Bonus points if you also print and send cute family photos for her to frame.A fun and convenient way to freshen up their wardrobeStitch FixPersonalized Styling Service Gift Card, available at Stitch Fitch, from $20If you sense that they're no longer excited by their closet, a Stitch Fix gift card is the perfect solution. Recipients can try out different brands and styles that they wouldn't ordinarily buy, and it's easy to return pieces with the provided prepaid shipping labels.A travel-planning service that does all the work for themAirbnbAirbnb Gift Card, available at Airbnb, from $50For the person who is currently dreaming about where to go post-pandemic, this gift card will help ensure their next trip is stellar. Airbnb has thousands of listings for private home vacation rentals around the globe and across the US. They can choose from premium luxe listings like a villa in Malibu, find a location close to a national park for outdoor exploration, or opt for a unique getaway like a tree-house rental.A customizable suitcaseCALPAKCalpak gift card, available at Calpak, from $25Ordering a piece of luggage that best suits them will take too long if you're strapped for time, plus you might not know exactly what they like. You're better off giving a gift card so they can choose from plenty of fun options. From confetti to marble patterns, Calpak offers suitcase designs for every traveler. We especially like the packing cubes.An Echo Dot for the smart-home enthusiastAmazonAmazon Echo Dot, available at Best Buy, $29.99If you have at least one days' worth of foresight, the latest Echo Dot is a great last-minute gift that won't require much effort. Whether you know for a fact that they have just started outfitting their home with smart capabilities, or you at least have a suspicion that they'd enjoy the convenience of having Alexa around to answer questions and play games, the Dot is a great pick. A Birchbox subscription for beauty and skincare loversBirchboxBirchbox Subscription Box, available at Birchbox, from $45/3 monthsThere's a reason Birchbox is so popular — it's an affordable way to find and learn about new beauty, skincare, and grooming products without spending too much on full-sized options the recipient might not like. For $30 to $45, you'll be able to gift three months' worth of boxes right to their door. For a more substantial option, you can gift six months for $84 or 12 months for $156.  A Blue Apron subscriptionBlue ApronBlue Apron Subscription Gift, available at Blue Apron, from $65Blue Apron's meal kits are the perfect last-minute gift for anyone who enjoys cooking but lacks the time or foresight to do the planning involved. It costs $47.95 for two servings of two recipes each week, so they'll save time shopping and prepping meals, which is arguably worth more than the subscription price.A salami-of-the-month club for the meat loversFood52Olympia Provisions Artisanal Salami, available at Food52, from $40You know the type — always orders a charcuterie board, could survive on prosciutto, prefers savory over sweet. Spoil your giftee with a salami delivery and hope they invite you over for a dinner party at some point. A hot sauce subscription for heat seekersFood52Fuego Box quarterly hot sauce subscription, available at Food52, $120They'll get fired up for this quarterly delivery of small-batch hot sauce, which is curated by Fuego Box and filled with gourmet picks from all over the country. Each box contains three 5-ounce bottles. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 6th, 2021

The best subscription boxes for food, drink, style, beauty, and hobbies in 2021

From coffee and snacks to games and books, these are the best subscription boxes you can buy as gifts for yourself and everyone else in 2021. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Birchbox Subscription box services are great for anything you love to receive on a regular basis. They can help you discover new products, develop your hobbies, or add convenience to your life. These boxes are great gifts, but if you're looking for other ideas, check out our list of the All-Time Best products we've ever tested. By now, the subscription concept has been widely applied to pretty much anything you can buy, but it's most useful for the things you actually use and enjoy regularly. Whether that's razor blades for your daily shaving routine or books to read during your commute, a subscription box helps automate the process for buying and receiving products so you have more time to use said products. Subscription boxes can help you discover new products in an arena you're already interested in or figure out if you want to pursue a hobby further. They're like trial runs for your various interests or needs and usually a lot more affordable than a full commitment. Plus, subscription boxes are great for gifting. With one fell swoop, you can gift three whole months of discovering new wine or trying out different perfumes.If you do change your mind about your subscription, all the following services make it easy to skip next month's shipment or cancel your subscription.Here are the best subscription boxes in 2021Food and drinkBest wine subscription: WincBest coffee subscription: TradeBest tea subscription: Sips byBest beer subscription: Beer of the Month ClubBest cocktail subscription: Cocktail Courier Best snack subscription: SnackCrateBest cheese subscription: Murray's CheeseBest meat subscription: ButcherBoxBest meal kit subscription: Blue ApronBeauty, grooming, and styleBest beauty subscription: BirchboxBest shaving subscription: Dollar Shave ClubBest men's clothing subscription: Menlo ClubBest women's clothing subscription: Rent the RunwayBest underwear subscription: MeUndiesBest jewelry subscription: RocksboxBest subscription for perfume and cologne: ScentbirdHobbies and interestsBest flower subscription: BloomsyboxBest plant subscription: HortiBest book subscription: Book of the Month ClubBest game subscription: Unbox BoardomBest crafting subscription: The Crafter's BoxBest subscription for kids: KiwiCoBest subscription for dogs: BarkboxBest subscription for cats: MeowboxBest wine subscriptionConnie Chen/InsiderSubscription frequency: Every monthShipping fee: $9 for orders of three bottles or fewer; free for orders of four bottles or moreA la carte shop: Yes Gifting available: YesWinc's straightforward ordering process, on-trend wine curation, and reliable shipping make it the best online wine club we've tried in the last few years. If your interest in a wine subscription stems not only from the need for convenience but also the desire to expand your wine knowledge, Winc offers informative resources, easy-to-digest bottle descriptions, and a community ratings system to help you develop your palate. Winc delivers wine every month, but it's easy to adjust your membership to skip automatic shipments. Although it matches you to wines that it thinks you'll like based on your profile of tastes and preferences, you can also customize your shipment and browse Winc's complete catalog of varietals from all over the world.Winc Monthly Wine Subscription (4 bottles)$24.95 FROM WINCOriginally $52.00 | Save 52%Runners-up: Firstleaf, for affordable wine and big discounts ($80/month)Plonk, for natural and biodynamic wines ($110/month) Read more about the best wine subscriptions we tested in 2021. Read our reviews of Winc and Firstleaf.Best coffee subscriptionTrade/InstagramSubscription frequency: Every 1, 2, or 4 weeksShipping fee: FreeA la carte shop: YesGifting available: YesTrade is where you can order top-quality coffee from cool roasters all over the country, like Verve (Santa Cruz, CA), Cuvee (Austin, TX), and Huckleberry (Denver, CO). If you're the type to immediately seek out the local specialty coffee shop when you travel to a new city, then Trade's the best coffee subscription for you — and you don't even have to leave your house to receive your beans. All you have to do is tell Trade about how you take your coffee and it'll show you the best coffee you should be drinking every morning. It'll also provide the roaster's schedule for roasting and when your bag was roasted.Trade Coffee Monthly Membership$14.75 FROM TRADERunners-up: Driftaway, for sustainability-focused, single-origin coffee ($14.40/shipment)Atlas, for exploring the global coffee scene ($14/shipment)Read more about the best coffee subscriptions we tested in 2021. Read our reviews of Trade, Driftaway, and Atlas.Best tea subscriptionSips bySubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesSips by is a personalized tea subscription that sends you four different teas (enough to make at least 16 cups) every month, so your tea rotation always stays new and exciting. You'll get to explore teas from big and familiar brands as well as local tea shops and farms and choose from loose leaf, bagged, herbal, and caffeinated teas. If you weren't already familiar with all the benefits of tea, how to steep your tea, and the differences among all the tea types, Sips by shares plenty of educational resources to strengthen your tea knowledge.Sips by Monthly Tea Subscription$16.00 FROM SIPS BYRunners-up: Atlas Tea Club Starter Pack, for single-origin and global teas ($14/shipment)David's Tea Tasting Club, for exclusive and seasonal tea blends ($35/shipment)Best beer subscriptionBeer of the Month ClubSubscription frequency: Every monthShipping fee: $15 A la carte shop: No Gifting available: YesChoose from five different beer memberships in this club: Microbrewed, Hop Heads, Rare Beers, International, and US and International. Each of these clubs gives you 12 12-oz beers in different styles from a few different breweries, plus brewery profiles and tasting notes. It's the most convenient way to tour breweries in the US and around the world. The original club started in 1994, and its panel of brewmasters and beer judges only pick out a mix of the most interesting and innovative craft beers every month. The diversity of options means you can stop pigeonholing yourself into drinking (and pretending to enjoy) IPAs.Beer of the Month Club Subscription$31.95 FROM BEER OF THE MONTH CLUBRunners-up: Tavour, for mobile-first beer orders (Price varies)Craft Beer Kings, for fun and creative flavors ($70/shipment)Best cocktail subscriptionCocktail Courier/InstagramSubscription frequency: Every 1, 2, or 4 weeksShipping fee: FreeA la carte shop: YesGifting available: YesUnless you keep your bar cart fully stocked and meticulously updated, it can be a hassle to source all the ingredients for a specialty cocktail you want to make. Let's also not forget that going out for happy hour requires putting on clothes. Cocktail Courier makes kits based on recipes from top bartenders and sends you all the ingredients you need, including the spirits. Keep in mind, though, you do need your own basic equipment, like glassware and a shaker. For the subscription, just choose your favorite spirits and you'll only be sent kits with those spirits. There's also an option for just the mixers and garnishes, if you prefer to use your own alcohol. Cocktail Courier Classic Cocktail Kit Subscription$49.99 FROM COCKTAIL COURIERRunners-up: Shaker & Spoon, for a variety of cocktails that focus on one spirit (from $40/shipment)SaloonBox, for group cocktail parties (from $49/shipment)Best snack subscriptionSnackCrate/InstagramSubscription frequency: Every monthShipping fee: FreeA la carte shop: NoGifting available: YesOne of our favorite things to do when visiting a new country is to scour the snack aisles of the local grocery store. SnackCrate brings that same excitement and discovery process to your door. Every month's snack box focuses on a different country and includes full-sized snacks directly imported from that country. You'll also get a music playlist and booklet of games and facts related to the country. There are three box sizes available to suit everyone from occasional grazers to snack aficionados. SnackCrate Original Snack Box Subscription$21.99 FROM SNACKCRATEOriginally $26.99 | Save 19%Runners-up: Mouth, for gourmet snacks from indie makers ($60/month)Bokksu, for authentic Japanese snacks ($49.95/month)Read our review of Bokksu.Best cheese subscriptionMurray’s Cheese/InstagramSubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesNew York City institution Murray's Cheese offers a few different monthly clubs that let you get your fix for creamy, stinky, soft, smoky, and hard cheeses. It's part indulgence, part educational experience. The Classic Club is great for people who want a reliable way to enjoy cheeses you might not have heard of but still have an approachable flavor profile — think Montealva, a flaky and citrus-y goat's milk cheese from Spain or The Farm at Doe Run's butterscotch-infused cheese. If you want something more adventurous, try the Cheesemonger's Picks club instead. Murray’s Classic Cheese of the Month Club$63.00 FROM MURRAY'SRunners-up: Curdbox, for cheese plates including sweet and savory pairings ($49.95/month)Jasper Hill, for special release and limited-edition cheese from Vermont ($100/month)Read our review of Murray's Cheese of the Month Club.Best meat subscriptionButcherBox/InstagramSubscription frequency: Every monthShipping fee: FreeA la carte shop: NoGifting available: YesIn addition to pre-curated boxes of grass-fed beef, free-range organic chicken, and crate-free pork, ButcherBox lets you choose from more than 25 different cuts to make your own custom box. It's an easy way to get high-quality meat (up to 14 pounds every month) without having to visit your local butcher or farmer's market. The subscription is also flexible in case you don't need that much meat every month. But if you're feeding a lot of mouths, hosting a barbeque, or just enjoy eating meat, you'll want to take advantage of ButcherBox's value every month.ButcherBox Mixed Box$137.00 FROM BUTCHERBOXRunners-up: Porter Road, for underrated cuts of meat and the best variety (Price varies) Snake River Farms, for high-end meat like American Wagyu ($225/shipment)Read more about the best meat subscriptions we tested in 2021. Read our reviews of ButcherBox, Porter Road, and Snake River Farms. Best meal kit subscriptionBlue Apron/InstagramSubscription frequency: Every weekShipping fee: FreeA la carte shop: NoGifting available: YesBlue Apron's flavorful, creative takes on familiar recipes and reliable, accurate delivery make it the best meal kit you can subscribe to. It's versatile and flexible, with meal options for all kinds of dietary preferences, a variety of plans for two- and four-person families, and add-ons like meat and seafood bundles, spice blends, and cookware and tools. There's even a wine add-on to complete your dining experience. The meals (like chimichurri tilapia, one-pan prosciutto gnocchi, and sambal-peanut chicken noodles) are always delicious and the portions are generous — you'll even have leftovers,  sometimes. The menu updates frequently and we rarely see the same recipe twice.Blue Apron Meal Kits (3-meal, 2-serving)$53.94 FROM BLUE APRON Runners-up: Sunbasket, for organic ingredients and health-conscious recipes ($71.94/3-meal, 2-serving plan)Everyplate, for the most affordable yet filling meals ($39.93/3-meal, 2-serving plan)Read more about the best meal kit subscriptions we tested in 2021.Best beauty subscriptionBirchbox/InstagramSubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesBirchbox's mission is to make the vast world of beauty and skincare fun and less intimidating by giving you the freedom to sample tons of different products. Every month's affordable beauty box contains five samples you might like based on your Beauty Profile, featuring a variety of new and upcoming brands and products (makeup, skincare, haircare, fragrance).The brands included reflect Birchbox's core values of sustainability, inclusivity, and supporting women. For example, there's a limited edition Brown Girl Jane box which is made by and for Black women's wellness. Once you've tried a sample you really love, you can directly shop the full-sized product at Birchbox's shop. There's also a Grooming section with hair, face and body, and shaving essentials.Birchbox Beauty Subscription Box$13.00 FROM BIRCHBOXRunners-up: Kura, for clean skincare bundles customized to your needs (from $99/shipment)Prose, for personalized haircare like shampoo and hair masks (Price varies)Read more about the best beauty subscription boxes we tested in 2021. Read our reviews of Birchbox and Prose.Best shaving subscriptionDollar Shave Club/InstagramSubscription frequency: Every 2, 3, or 4 monthsShipping fee: FreeA la carte shop: Yes Gifting available: YesThere are a variety of ways you can get sharp and budget-friendly razor shipments from Dollar Shave Club: the first is the Starter Set, which costs just $5 ($20 every two months afterward) and acts as your trial run for the shave subscription. Or, you can take the site's quiz to receive a personalized recommendation of products based on your hair type and shaving needs. Either way, this famous online shave club offers plenty of flexibility so that you'll always have a supply of razor blades and soothing post-shave essentials whenever you need it. Dollar Shave Club Starter Set$9.00 FROM DOLLAR SHAVE CLUBRunners-up: Billie, for fun yet practical razors ($9/shipment)Harry's, for sleek designs and other body care products ($15/shipment)Read our reviews of Billie and Harry's.Best men's clothing subscriptionAmir Ismael/InsiderSubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesMenlo Club, the styling service loved by NBA stars and our own senior style reporter, curates two to three pieces for you per month based on your style preferences and clothing sizes. Brands include Five Four, Grand AC, and New Republic, and the pieces are easy to incorporate into your existing wardrobe. It's your best bet if you don't like or have time for clothing shopping because it offers high-quality clothing with plenty of variety. You can exchange sizes for free and you'll also get perks like exclusive discounts and early access to drops.Menlo Club Subscription$60.00 FROM MENLO CLUBRunners-up: Stitch Fix, for clothing picks made by your own personal stylist ($20/shipment)Gentleman's Box, for stylish accessories like ties and socks ($35/shipment)Read more about the best men's clothing subscriptions we tested in 2021.Read our review of Menlo Club.Best women's clothing subscriptionRent the RunwaySubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesWith over 750 designers to choose from, Rent the Runway is the closet of your dreams for special occasions like weddings, workwear essentials, or simply to add excitement to your regular wardrobe. Its most popular plan lets you rent four pieces at a time, twice a month, for just $99 a month (for the first two months). We've always found it easy to pick out, wear, and return dresses, tops, loungewear, and accessories from the service. It's all the fun and excitement of wearing designer clothing, without the exorbitant price tags or complicated dry cleaning.Rent the Runway 2 Swaps$135.00 FROM RENT THE RUNWAYRunners-up: Stitch Fix, for clothing picks made by your own personal stylist ($20/shipment)Nuuly, for affordable rentals from Urban Outfitters, Anthropologie, and Free People ($88/shipment)Read our review of Rent the Runway.Best jewelry subscriptionRocksbox/InstagramSubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesThe right jewelry can bring an outfit to the next level, and with Rocksbox, the search for the perfect ring, earring, necklace, or bracelet is easy and very affordable. The $21 monthly membership gets you three pieces of jewelry from brands like Kendra Scott, Slate, 8 Other Reasons, and more, and the best part is you can swap the pieces as many times as you want during the month. If you fall in love with a piece and decide to buy it, your membership fee turns into a credit towards your purchase, saving you even more money.Rocksbox Monthly Jewelry Subscription$21.00 FROM ROCKSBOXRunners-up: Switch, for luxury and fine jewelry like Hermes and Chanel (from $40/shipment)Rowan, for hypoallergenic earrings and fun freebies ($35/shipment)Best underwear subscriptionMeUndies/InstagramSubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesMeUndies makes incredibly soft and comfy underwear in a variety of cuts and a huge selection of fun, ever-rotating prints and patterns. Though new underwear every month may seem unnecessary, you might just change your tune once you try a pair from MeUndies. All its fabrics are breathable and stretchy and last through years of washes. The part to look forward to the most? Collecting all the unique prints, which have included sharks, a "Space Jam" collaboration, and sun-tanning alligators in the past.MeUndies Monthly Subscription$14.00 FROM MEUNDIESRunners-up: Underclub, for designer underwear in a range of styles (from $15/shipment)Savage by Fenty Xtra VIP, for access to monthly drops and exclusive deals from Rihanna's lingerie brand ($49.95/shipment.Read our review of MeUndies.Best subscription for perfume and cologneScentbird/InstagramSubscription frequency: Every 1, 2, or 3 monthsShipping fee: FreeA la carte shop: YesGifting available: YesFragrance is so personal to each individual person that it only makes sense to turn buying perfume or cologne into a sampling experience. Scentbird is home to over 500 fragrances from designer and indie brands, letting you discover your signature scent, add some variety to your current fragrance lineup, or simply try fragrances you wouldn't have access to otherwise. You'll be able to try perfume and cologne from Versace, D&G, Acqua di Parma and more. Each 8 mL sampler bottle holds about 140 sprays — enough to use a couple times a day, every day of the month.Scentbird Subscription Box$15.95 FROM SCENTBIRDRunners-up: Scentbox, for an even larger variety of fragrances to choose from ($14.95/shipment)Skylar Scent Club, for limited-edition rollerballs made with clean ingredients ($20/shipment)Best flower subscriptionLauren Savoie/InsiderSubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesSome people like food or shoes or jewelry, but for us, flowers are the ultimate monthly pick-me-up. BloomsyBox's monthly flower delivery service features one unique bouquet of 22-24 stems, and though you can't pick the exact flowers you want, the ones we've received from the service have always been gorgeous. It's a lovely way to liven up your home with new and interesting arrangements and the flowers arrive fresh and undisturbed. Be on the lookout for cool, limited-time collaborations, like the current partnership with the New York Botanical Garden.BloomsyBox Flower Subscription Service$44.99 FROM BLOOMSYBOX$38.99 FROM AMAZONOriginally $44.99 | Save 13%Runners-up: UrbanStems, for timeless arrangements and deliveries as frequent as every week ($55/shipment)Read more about the best flower delivery services we tested in 2021. Read our reviews of Bloomsybox and UrbanStems.Best plant subscriptionHorti/InstagramSubscription frequency: Every monthShipping fee: $8-$12A la carte shop: YesGifting available: YesHorti is best for beginner plant enthusiasts who are interested in starting a plant collection but may not know where to start or how to learn the basics of plant care. Horti's subscription is strategically designed so you begin with hardy, low-maintenance plants but eventually graduate to more complex species as you develop your confidence and experience. Each one always comes in a hand-painted pot (or you can opt for just the naked plants) and sometimes you'll also receive planting tools and accessories. Horti Month-to-Month Plant Subscription$28.00 FROM HORTIRunners-up: The Sill, for a robust variety of medium-sized, easy care plants ($60/shipment)The Plant Club, for unique, seasonal plants ($39/month)Read our review of The Sill. Best book subscriptionBook of the Month Club/InstagramSubscription frequency: Every monthShipping fee: YesA la carte shop: YesGifting available: YesAs the OG national book club (since 1926!), Book of the Month has book curation down to a science, with its finger on the pulse of all the books that everyone seems to be reading and talking about lately. Every month you have the opportunity to choose from five hardcover books representing a variety of genres. Whether you're trying to start up a reading habit or already a voracious reader, the consistent shipments will keep you on track and make you a more well-read citizen. It also offers a separate, formal Book Club service where you can organize your own book club with anyone in your circle.Book of the Month Membership$15.99 FROM BOOK OF THE MONTHRunners-up: Owl Crate, for signed young adult books and extra freebies ($32.99/shipment)Next Big Idea Club, for nonfiction books curated by big names in business and psychology ($21/month)Best game subscriptionUnbox Boardom/FacebookSubscription frequency: Every 1, 2, or 3 months Shipping fee: $5 A la carte shop: YesGifting available: YesIf you like to unplug and unwind with a board game, try the cleverly named Unbox Boardom subscription. Each month, you can either choose a new game yourself or let the gaming experts choose one for you. The membership has all kinds of unique games (strategy, family, trivia, and more) that you haven't heard of before and will keep you well occupied throughout the year. Soon enough, you'll have a healthy stack of games to choose from any time you want to exercise your brain a bit. Past games have included Photosynthesis, a strategy game where you chase the sun to grow trees and Sabordage, a mayhem-filled pirate adventure.Unbox Boardom Monthly Subscription$29.99 FROM UNBOX BOARDOMRunners-up: Video Games Monthly, for classic and retro video games (from $34.99/shipment)Finders Seekers, for mystery and escape room games ($30/shipment)Best crafting subscriptionThe Crafter’s Box/InstagramSubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesFor people who love working with their hands, The Crafter's Box offers the convenient and affordable opportunity to try out different kinds of crafts and learn from real working crafters. In addition to the kit of materials, you'll receive access to a digital workshop and live chat with a community of fellow craft lovers. The exciting lineup of craft options include fabric weaving, leather sandal making, paper making, soap making, and contemporary quilting. Since The Crafter's Box sends you all the materials you need, you can test drive various crafting types and figure out the one you love the most before you drop an entire month's paycheck at Michael's.The Crafter's Box Monthly Membership$65.00 FROM THE CRAFTER'S BOXRunners-up: Kiwi Doodle Crate, for creative projects designed for teens ($22.95/shipment)Adults and Crafts, for small, approachable projects ($33/shipment)Best subscription for kidsAlicia Betz/InsiderSubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesCreated by an engineer and mother of three, KiwiCo makes kits with toys and activities for kids of every age, from newborns to 14-year-olds. The science and art projects, designed by educators and scientists including but not limited to mechanical and industrial engineers, are age-appropriate and teach kids important skills like creative problem-solving, curiosity and tinkering, and hands-on craft. The beauty of KiwiCo is it frees up time for parents: time spent researching activities to do, and time spent participating in those activities with their kids. Though parents can certainly join in on the fun, the kits work best when the child can play independently.Kiwico Crates$19.95 FROM KIWICORunners-up: Lovevery, for developmental play kits for babies and toddlers (Price varies)Baketivity, for kid-friendly baking kits ($32.95/shipment)Read our reviews of KiwiCo and Lovevery. Best subscription for dogsKate Barrington/InsiderSubscription frequency: Every monthShipping fee: FreeA la carte shop: YesGifting available: YesDogs and their owners love this popular subscription box, which sends toys, treats, and chews revolving around a creative theme each month. When you sign up, you'll share info about your dog, including its breed, birthday, and dietary restrictions, so that Barkbox can send a personalized collection of items. The plush toys in particular are a pup favorite. Soft, squeaky, and durable, they're made for play. Barkbox also has the best themes and collaborations we've seen around, from movie character chews and toys to a winter cabin getaway bundle.BarkBox Single Box$35.00 FROM BARKBOXRunners-up: Pupbox from Petco, for treats, toys, and training resources specifically for puppies ($39/shipment)Kongbox, for highly rugged Kong products and especially playful dogs ($44.95/shipment)Read our review of Barkbox.Best subscription for catsMeowboxSubscription frequency: Every 1 or 2 monthsShipping fee: FreeA la carte shop: YesGifting available: YesSometimes hair ties, lights, and cardboard boxes just won't cut it for your cat. That's where Meowbox comes in. Every box has five to six items, including high-quality toys and organic or grain-free treats that are always produced in the US or Canada. Plus, for every box sold, Meowbox donates a can of food to a cat shelter. It even provides a unique code you can use to track exactly where your donation has gone. Like Barkbox, Meowbox offers adorable themed products, like a summer fishing bucket hat or a "skippy kitty rope" and kettlebell for cat-owner workouts. The a la carte shop also features paraphernalia for the owner so you don't feel left out of the fun.Meowbox Monthly Subscription$22.95 FROM MEOWBOXRunners-up: KitNipBox, for extra treats and toys if you have more than one cat ($19.99/shipment)RescueBox, for a subscription box with high impact ($29.95/shipment)Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 19th, 2021

Futures Tumble, Oil And Treasury Yields Plunge As Lockdowns Return

Futures Tumble, Oil And Treasury Yields Plunge As Lockdowns Return Having briefly touched new all time highs of 4,723.5 overnight, S&P futures tumbled shortly after Europe opened as a fourth wave of the pandemic in Europe resulted in a new lockdown in Austria and the prospect of similar action in Germany wiped out earlier gains and forced stock markets down close to 1% as it overshadowed optimism about corporate earnings and the economic recovery. Friday is also a major options-expiry day, which could trigger volatility in equities. Two progressive Democratic senators said they oppose the renomination of Federal Reserve Chair Jerome Powell to a second term, because he "refuses to recognize climate change" joining Elizabeth Warren in urging President Joe Biden to choose someone else. S&P and Dow futures fell tracking losses in banks, airlines, and other economically sensitive sectors. Uncertainty over rising inflation and the Federal Reserve's tightening also kept demand for value stocks low. At 745am Dow e-minis were down 218 points, or 0.609%. S&P 500 e-minis were down 12.25 points, or 0.26% and Nasdaq 100 e-minis were up 68 points, or 0.41%. With the lockdown trade storming back, Nasdaq futures hit a record high on Friday as investors sought economically stable sectors after a small delay in voting on President Joe Biden's $1.75 trillion spending bill, while fears of Europe-wide lockdowns sent yields plunging. The U.S. House of Representatives early on Friday delayed an anticipated vote on passage of Biden's social programs and climate change investment bill, and will instead reconvene at 8 a.m. EST (1300 GMT) to complete the legislation “Everyone is holding his and her breath to find out who will be the next Fed Chair,” said Ipek Ozkardeskaya, senior analyst at Swissquote. “More or less dovish, will it really matter? The one that will take or keep the helm of the Fed will need to hike rates at some point.” Among major premarket movers, Intuit Inc jumped 10.3% as brokerages raised their price targets on the income tax software company after it beat quarterly estimates and raised forecast. The stock was the top S&P 500 gainer in premarket trade. Chipmaker Nvidia also boosted Nasdaq futures, rising 1.7% in heavy trade after posting strong quarterly results late Wednesday. On the other end, Applied Materials dropped 5.7% after the chipmaker forecast first-quarter sales and profit below market estimates on supply chain woes. Oil firms Exxon and Chevron slipped 2.1% and 1.8% as crude prices sank, while big banks including JPMorgan and Bank of America were down between 0.9% and 1.1%, tracking a fall in U.S. Treasury yields. Carriers Delta Air Lines, United Airlines and American Airlines and cruiseliners Norwegian Cruise Line and Carnival Corp fell between 1.4% and 2.3%. Here are all the other notable movers: Farfetch (FTCH US) shares drop 23% after the online apparel retailer reported 3Q revenue that missed estimates and trimmed its FY forecast for digital platform gross merchandise value growth. Analysts see scope for the shares to stay in the “penalty box” in the near term, but recommend buying on weakness. Workday (WDAY US) analysts say that the software firm’s strong quarterly results and guidance were not quite enough to meet high expectations. The stock dropped as much as 11% in extended trading on Thursday. Intuit (INTU US) climbed 9.7% in premarket as analysts said the tax software company posted strong results that were ahead of expectations and raised its outlook. Several increased their price targets for the stock, including a new Street high at Barclays. Palo Alto Networks (PANW US) shares rise 2.8% in U.S. premarket trading after the cyber- security firm reports results and hikes full-year sales guidance, with RBC saying co. saw a strong quarter. Tesla (TSLA US) shares dip 0.5% in premarket trading. The EV maker’s price target is raised to a joint Street-high at Wedbush, with the broker saying that the EV “revolution” presents a $5t market opportunity over the next decade. Datadog (DDOG US) rises 1.8% after it is upgraded to outperform from sector perform at RBC, with the broker saying that it has more conviction on the software firm following its TMIT conference. Mammoth Energy (TUSK US) jumps as much as 34% in U.S. premarket trading after the energy-services company said a subsidiary has been awarded a contract by a major utility to help build electric-vehicle charging station infrastructure. Ross Stores (ROST US) shares dropped 2.2% in postmarket trading on Thursday after its profit outlook for fourth quarter missed the average analyst estimate. In Europe, banks and carmakers led the Stoxx Europe 600 Index down 0.3%, reversing early gains. Fears of fresh lockdowns have hit travel stocks, but boosted the delivery sector and other pandemic winners, with German meal-kit company HelloFresh jumping as much as 7.1% to a record. Stoxx Europe 600 index tumbled after Germany’s health minister said he couldn’t rule out a lockdown as infections surge relentlessly in the region’s largest economy. That came after Austria said it would enter a nationwide lockdown from Monday. Here are some of the biggest European movers today: Ocado shares jump as much as 8.4%, the most intraday since November 2020, after a Deutsche Bank note on joint venture partner Marks & Spencer highlighted scope for a potential transaction. VGP shares gain as much as 7.7% to a record after KBC raised its rating to accumulate from hold, based on a “strong” 10-month trading update. HelloFresh shares surge as much as 7.1% and other lockdown beneficiaries including Delivery Hero, Logitech and Zalando gain after the German health minister says a lockdown can’t be ruled out. Mall landlords Unibail and Klepierre and duty-free retailer Dufry drop. Truecaller shares rise as much as 14% after it received its first analyst initiations after last month’s IPO. Analysts highlighted the company’s potential for continued strong growth. JPMorgan called current growth momentum “unparalleled.” Hermes shares jump as much as 5.2% to a fresh record, rising for a seventh day, amid optimism that the stock may be added to the Euro Stoxx 50 Index as soon as next month. Shares also rise after bullish current- trading comments of peer Prada. Kingfisher shares drop as much as 5.8%, even after the home-improvement retailer said it expects profit to be toward the higher end of its forecast. Investor focus has probably shifted to 2022, and Friday’s update doesn’t have any guidance for next year, according to Berenberg. GB Group shares tumble as much as 18%, the most since October 2016, after the identity-verification software company raised about GBP300m in a placing of new shares at a discount. Mode Global shares sink as much as 19%, reversing most of this week’s gains, after it said some brands had withdrawn the company as an affiliate. In Fx, the Bloomberg Dollar Spot Index jumped at the London open and the greenback was higher versus all of its Group-of-10 fears apart from yen. Norway’s krone was the biggest loser as energy prices prices dropped after Austria announced a nationwide lockdown starting on Monday, while Germany’s health minister refused to rule out closures in the country.  The pound fell on the back of a stronger dollar; data showed U.K. retail sales rose for the first time in six months as consumers snapped up toys, sports equipment and clothing, while the cost of servicing U.K. government debt more than tripled in October from a year earlier due to surging inflation The euro plunged by 1% to a new YTD low of $1.1255 as the repricing in the front-end of euro options suggests the common currency is settling within a new range. The euro is also falling at the end of the week following the announcement that Austria will begin a 20-day full Covid-19 lockdown from Monday in response to surging case numbers which have far surpassed last year's peak. While fatalities remains well below the peak, they are accelerating and the government is clearly keen to arrest it before the situation potentially becomes much worse. With Germany seeing a similar trend, the question now becomes whether the regions largest economy will follow the same path. Its Health Minister, Jens Spahn, today suggested nothing can be ruled out and that they are in a national emergency. In rates, Treasury yields fell by around 4bps across the board and the bunds yield curve bull flattened, with money markets pushing back bets on a 10bps ECB rate hike further into 2023. Treasury 10-year yields richer by 4.5bp on the day at around 1.54% and toward lows of the weekly range -- bunds, gilts outperform Treasuries by 1bp and 1.5bp in the sector as traders reassess impact of future ECB rate hikes. Treasuries rally across the curve, following wider gains across EGB’s and gilts as investors weigh the impact of further European lockdowns amid a fourth wave of Covid-19. Flight-to-quality pushes Treasury yields lower by up to 5bp across front- and belly of the curve, which slightly outperform.  Bunds and Treasury swap spreads widen, while gilts move tighter as risk assets mostly trade to the downside and demand for havens increases on news regarding coronavirus restrictions. German 10-year swap spreads climbed above 50bps for the first time since March 2020. In commodities, spot gold is little changed around $1,860/oz, while base metals are in the green, with LME copper and aluminum leading peers. Oil tumbled with WTI and Brent contracts down well over 2%.  Brent crudes brief dip below $80 was short-lived on Thursday and prices were continuing to recover on the final trading day of the week until Austria announced its lockdown. Brent crude quickly reversed course and trades almost 2% lower on the day as it takes another run at $80. Oil has been declining over the last week as demand forecasts have been pared back, OPEC and the IEA have warned of oversupply in the coming months and the US has attempted to coordinate an SPR release with China and others. The market still remains fundamentally in a good position but lockdowns are now an obvious risk to this if other countries follow Austria's lead. A move below $80 could deepen the correction, perhaps pulling the price back towards the mid-$70 region. This looks more likely now than it did a day ago and if Germany announces similar measures, it could be the catalyst for such a move. Perhaps OPEC+ knows what it's talking about after all. Looking at To the day ahead now, there is no macro news; central bank speakers include ECB President Lagarde, Bundesbank President Weidmann, Fed Vice Chair Clarida, the Fed’s Waller and BoE Chief Economist Pill. Separately, data highlights include UK retail sales and German PPI for October. Market Snapshot S&P 500 futures down 0.09% to 4,696.25 STOXX Europe 600 up 0.2% to 488.66 MXAP little changed at 199.11 MXAPJ down 0.2% to 648.18 Nikkei up 0.5% to 29,745.87 Topix up 0.4% to 2,044.53 Hang Seng Index down 1.1% to 25,049.97 Shanghai Composite up 1.1% to 3,560.37 Sensex down 0.6% to 59,636.01 Australia S&P/ASX 200 up 0.2% to 7,396.55 Kospi up 0.8% to 2,971.02 Brent Futures little changed at $81.17/bbl Gold spot up 0.1% to $1,860.34 U.S. Dollar Index up 0.43% to 95.96 German 10Y yield little changed at -0.32% Euro down 0.6% to $1.1304 Top Overnight News from Bloomberg Germany’s Covid crisis is about to go from bad to worse, setting the stage for a grim Christmas in Europe. With infections surging relentlessly and authorities slow to act amid a change in power, experts warn that serious cases and deaths will keep climbing Austria will enter a nationwide lockdown from Monday as a record spike in coronavirus cases threatens to overwhelm the country’s health care system The pundits are coming for the Fed and Chair Jerome Powell. Mohamed El-Erian, chief economic adviser to Allianz SE and a Bloomberg Opinion columnist, recently said the central bank has made one of the worst inflation calls in its history. Writing in the Financial Times, the economist Willem Buiter called on the Fed to abandon the more flexible inflation target it established last year Bitcoin continued its slide Thursday, falling for a fifth consecutive day as it slipped below $57,000 for the first time since October, in a retreat from record highs. The world’s largest cryptocurrency hasn’t slumped that long since the five days that ended May 16 House Democrats pushed expected passage of President Joe Biden’s $1.64 trillion economic agenda to Friday as Republican leader Kevin McCarthy delayed a vote with a lengthy floor speech that lasted into the early morning hours ECB President Christine Lagarde said policy makers “must not rush into a premature tightening when faced with passing or supply- driven inflation shocks” Markets are increasingly nervous about the common currency with the pandemic resurgent, geopolitical tensions rising and gas supply issues mounting A more detailed look at global markets courtesy of Newsquawk Asia-Pac stocks traded mostly positive after the mixed performance stateside where the S&P 500 and Nasdaq notched fresh record closes, but cyclicals lagged as comments from Senator Manchin cast some uncertainty on the Build Back Better bill. The ASX 200 (+0.2%) was rangebound with upside in healthcare and consumer stocks offset by weakness in tech and a lacklustre mining sector. Crown Resorts (CWN AT) was the stellar performer after it received an unsolicited, non-binding takeover proposal from Blackstone (BX) valued at AUD 12.50/shr which boosted its shares by around 16%, although gains in the broader market were limited as COVID-19 concerns lingered following a further jump of cases in Victoria state. The Nikkei 225 (+0.5%) benefitted from a mostly weaker currency and after PM Kishida confirmed the details of the incoming stimulus package valued at a total JPY 79tln including JPY 56tln in fiscal spending. The KOSPI (+0.8%) was also positive but with gains initially capped as South Korean wholesale inflation surged to a 13-year high and further added to the case for the BoK to hike rates for the second time this year at next week’s meeting. The Hang Seng (-1.1%) and Shanghai Comp. (+1.1%) were mixed with the mainland kept afloat amid press reports that China is considering measures to reduce taxes and fees by up to CNY 500bln, although the mainland was initially slow to start after another liquidity drain by the PBoC and with stocks in Hong Kong spooked amid substantial losses in Alibaba following a miss on its earnings and Country Garden Services suffered on reopening from the announcement of a 150mln-share placement. Finally, 10yr JGBs were rangebound with mild gains seen after the modest bull flattening stateside, but with upside restricted amid the gains in Japanese stocks and lack of BoJ purchases, as well as the incoming fiscal spending and extra budget from the Kishida government. Top Asian News Bitcoin Falls Almost 20% Since Record as Crypto Bulls Retreat Singapore’s Insignia Ventures Intensifies Push Into Healthtech Binance Chief Zhao Buys His First Home in ‘Pro-Crypto’ Dubai Property Stocks Surge; Land Sale Rules Eased: Evergrande Update The earlier positive sentiment in Europe dissipated amid a string of back-to-back downbeat COVID updates – with Austria now resorting to a full-scale lockdown and Germany sounding alarms over their domestic COVID situation and not ruling out its own lockdown. European bourses flipped from the mostly positive trade at the open to a negative picture (Euro Stoxx 50 -0.5%; Stoxx 600 Unch), with headlines also flagging the European stock market volatility gauge jumping to three-week highs. It is also worth noting the monthly option expiries for stocks today, with desks pointing to the second-largest expiry day on record. US equity futures have also seen headwinds from the pullback in Europe, but US futures are mixed with the NQ (+0.4%) benefitting from the slide in yields. Back to Europe, Austria’s ATX (-1.0%) sit as the laggard after the Austrian Chancellor said a full domestic COVID lockdown will be imposed as of Monday for a maximum of 20 days with compulsory vaccination from 1st February 2022. Switzerland’s SMI (+0.2%) owes its gains to the defensive flows into healthcare propping up heavyweights Novartis (+0.5%) and Roche (+0.7%). Sectors overall are mostly negative with Healthcare the current winner, whilst Tech benefits from the yield slump and Basic Resources recover from yesterday’s slide as base metals rebound. The downside sees Banks on yield dynamics, whilst Oil & Gas lost the ranks as crude prices were spooked by the COVID headlines emanating from Europe. In terms of individual movers, Ocado (+6%) resides at the top of the FTSE 100 – with some citing a Deutsche Bank note which suggested shareholder Marks & Spencer could be mulling a buyout, although the note is seemingly speculation as opposed to chatter. Top European News Ryanair Drops London Listing Over Brexit Compliance Hassles ECB Mustn’t Tighten Despite ‘Painful’ Inflation, Lagarde Says Austria to Lock Down, Impose Compulsory Covid Vaccinations German Covid Measures May Bolster ECB Stimulus Stance: El-Erian In FX, it remains to be seen whether the Dollar can continue to climb having descended from the summit, and with no obvious fundamental drivers on the agenda in terms of US data that has been instrumental, if not quite wholly responsible for the recent bull run. However, external and technical factors may provide the Greenback and index with enough momentum to rebound further, as the COVID-19 situation continues to deteriorate in certain parts of Europe especially. Meanwhile, the mere fact that the DXY bounced off a shallower low and appears to have formed a base above 95.500 is encouraging from a chart perspective, and only the Yen as a safer haven is arguably capping the index ahead of the aforementioned w-t-d peak within 95.554-96.090 extremes. Ahead, more Fed rhetoric and this time via Waller and Clarida. EUR - The Euro has been hit hardest by the Greenback revival, but also the latest pandemic waves that have forced Austria into total lockdown and are threatening to see Germany follow suit. Moreover, EGBs are front-running the latest squeeze amidst risk-off trade in stocks, oil and other commodities to widen spreads vs Treasuries and the divergence between the ECB/Fed and other more hawkishly or less dovishly positioned. Hence, Eur/Usd has reversed further from circa 1.1374 through 1.1350 and 1.1300, while Eur/Yen is eyeing 128.50 vs almost 130.00 at one stage and Eur/Chf is probing fresh multi-year lows around 1.0450. NZD/GBP/AUD/CAD - All catching contagion due to their high beta, cyclical or activity currency stature, with the Kiwi back under 0.7000, Pound hovering fractionally above 1.3400, Aussie beneath 0.7250 and Loonie striving to contain declines beyond 1.2650 pre-Canadian retail sales against the backdrop of collapsing crude prices. JPY/CHF - As noted above, the Yen is offering a bit more protection than its US counterpart and clearly benefiting from the weakness in global bond yields until JGBs catch up, with Usd/Jpy down from 114.50+ towards 113.80, but the Franc is showing its allure as a port in the storm via the Euro cross rather than vs the Buck as Usd/Chf holds above 0.9250. In commodities, WTI and Brent front month futures retreated with the trigger point being back-to-back COVID updates – with Austria confirming a full-scale lockdown from Monday and Germany not ruling out its own lockdown. Crude futures reacted to the prospect of a slowdown in activity translating to softer demand. That being said, COVID only represents one factor in the supply/demand equation. Oil consuming nations are ramping up rhetoric and are urging OPEC+ to release oil. The White House confirmed the US discussed a possible joint release of oil from reserves with China and other countries, while it reiterated that it has raised the need for available oil supply in the market with OPEC. Meanwhile, the Japanese Cabinet said it will urge oil-producing nations to increase output and work closely with the IEA amid risks from energy costs. Further, energy journalists have also been flagging jitters of Chinese crude demand amid the likelihood of another tax probe into independent refiners. All in all, a day of compounding bearish updates (thus far) has prompted the contracts to erase all of their APAC gains, with WTI Dec just above USD 76/bbl (76.06-79.33/bbl range) and Brent Jan back under USD 79/bbl (78.75-82.24/bbl range). Elsewhere, spot gold saw a pop higher around the flurry of European COVID updates and despite a firmer Buck – pointing to haven flows into the yellow metal – which is nonetheless struggling to convincingly sustain a breach its overnight highs around USD 1,860/oz and we are attentive to a key fib at USD 1876/oz. Base metals prices are relatively mixed but have waned off best levels amid the risk aversion that crept into the markets, but LME copper holds onto a USD 9,500+/t status. US Event Calendar Nothing major scheduled Central Banks 10:45am: Fed’s Waller Discusses the Economic Outlook 12:15pm: Fed’s Clarida Discusses Global Monetary Policy Coordination DB's Jim Reid concludes the overnight wrap It was another mixed session for markets yesterday, with equities and other assets continuing to trade around their recent highs even as a number of risk factors were increasingly piling up on the horizon. By the close of trade, the S&P 500 had advanced +0.34% to put the index at its all-time high, whilst oil prices pared back their losses from earlier in the day to move higher. That said, there was more of a risk-off tone in Europe as the latest Covid wave continues to gather pace, with the STOXX 600 (-0.46%) snapping a run of 6 successive gains and being up on 17 out of the previous 19 days as it fell back from its all-time high the previous day, as haven assets including sovereign bonds were the beneficiaries. Starting with those equity moves, it was difficult to characterise yesterday’s session in some ways, since although the S&P advanced +0.34%, it was driven by a relatively narrow group of sectors, with only a third of the index’s components actually moving higher on the day. Indeed, to find a bigger increase in the S&P 500 on fewer advancing companies, one needs to go back to March 2000 (though it came close one day in August 2020, when the index advanced +0.32% on 153 advancing companies). Consumer discretionary (+1.49%) and tech (+1.02%) stocks were the only sectors to materially advance. Nvidia (+8.25%), the world’s largest chipmaker, was a key outperformer, and posted very strong third quarter earnings and revised higher fourth quarter guidance. Following the strong day, Nvidia jumped into the top ten S&P 500 companies by market cap, ending yesterday at number eight. The S&P gain may have been so narrow due to some negative chatter about President Biden’s build back better package, with CNN’s Manu Raju tweeting that Senator Joe Manchin “just told me he has NOT decided on whether to vote to proceed to the Build Back Better bill.” Manchin’s position in a 50-50 senate has given him an enormous amount of influence, and separate comments created another set of headlines yesterday on the Fed Chair decision, after The Hill reported Manchin saying that he’s “looking very favourably” at supporting Chair Powell if he were re-nominated, following a chat between the two about inflation. Mr Manchin is seemingly one of the most powerful people in the world at the moment. While the Senate still presents a hurdle for the President’s build back better bill, House Democrats are close to voting on the bill but couldn’t last night due to a three hour speech by House Republican leader McCarthy. It will probably happen this morning. This follows the Congressional Budget Office’s ‘score’ of the bill, which suggested the deficit would increase by $367bn as a result of the bill, higher figures than the White House suggested, but low enough to garner support from moderate House Democrats. Over in Europe there was a much weaker session yesterday, with the major equity indices falling across the continent amidst mounting concern over the Covid-19 pandemic. Germany is making another forceful push to combat the recent increase in cases, including expanded vaccination efforts, encouraging work from home, and restricting public transportation for unvaccinated individuals. Elsewhere, the Czech Republic’s government said that certain activities will be limited to those who’ve been vaccinated or had the virus in the last six months, including access to restaurants and hairdressers. Slovakia also agreed a similar move to prevent the unvaccinated accessing shopping malls, whilst Hungary is expanding its mask mandate to indoor spaces from Monday. Greece imposed further restrictions for its unvaccinated population. So a theme of placing more of the restrictions in Europe on the unvaccinated at the moment and trying to protect the freedoms of those jabbed for as long as possible. That risk-off tone supported sovereign bonds in Europe, with yields on 10yr bunds (-3.0bps), OATs (-4.1bps) and BTPs (-5.5bps) all moving lower. That was a larger decline relative to the US, where yields on 10yr Treasuries were only down -0.3bps to 1.59%, with lower real yields driving the decline. One asset class with some pretty sizeable moves yesterday was FX, where a bunch of separate headlines led to various currencies hitting multi-year records. Among the G10 currencies, the Swiss Franc hit its strongest level against the euro in over 6 years yesterday on an intraday basis. That came as the Covid wave has strengthened demand for haven assets, though it went on to weaken later in the day to close down -0.15%. Meanwhile, the Norwegian Krone was the weakest G10 performer (-0.72% vs USD) after the Norges Bank said it would be stopping its daily foreign exchange sales on behalf of the government for the rest of the month. Finally in EM there were some even bigger shifts, with the Turkish Lira falling to a record low against the US dollar, which follows the central bank’s decision to cut interest rates by 100bps, in line with expectations. And then in South Africa, the Rand also fell to its weakest in over a year, in spite of the central bank’s decision to hike rates, after the decision was interpreted dovishly. Overnight in Asia stocks are trading mostly higher led by the Nikkei (+0.45%), KOSPI (+0.43%), Shanghai Composite (+0.34%) and CSI (+0.18%). The Hang Seng (-1.76%) is sharply lower and fairly broad based but is being especially dragged down by Alibaba which dived -11% after it downgraded its outlook for fiscal year 2022 and missed sales estimate for the second quarter. Elsewhere in Japan headline CPI for October came in at +0.1% year-on-year (+0.2% consensus & +0.2% previous) while core CPI matched expectations at +0.1% year-on-year. The numbers reflect plunging mobile phone fees offsetting a 21% surge in gas prices. If the low mobile phone costs are stripped out, core inflation would be at 1.7% according to a Bloomberg calculation. Prime Minister Fumio Kishida is expected to deliver a bigger than expected stimulus package worth YEN 78.9 trillion ($690 bn) according to Bloomberg. We should know more tomorrow. Moving on futures are pointing to a positive start in US and Europe with S&P 500 (+0.42%) and DAX (+0.39%) futures both up. Turning to commodities, oil prices had been on track to move lower before paring back those losses, with Brent Crude (+1.20%) and WTI (+0.83%) both up by the close and edging up around half this amount again in Asia. That comes amidst continued chatter regarding strategic oil releases, and follows comments from a spokeswoman from China’s National Food and Strategic Reserves Administration, who Reuters reported as saying that they were releasing crude oil reserves. New York Fed President, and Vice Chair of the FOMC, John Williams, upgraded his assessment of inflation in public remarks yesterday. A heretofore stalwart member of team transitory, he noted that they wouldn’t want to see inflation expectations move much higher from here, and that recent price pressures have been broad-based, driving underlying inflation higher. Williams is one of the so-called core members of FOMC leadership, so his view carries some weight and is a useful barometer of momentum within the FOMC. Indeed, Chicago Fed President Evans, one of the most resolutely dovish Fed Presidents, expressed similar sentiment, recognising that rate hikes may need to come as early as 2022 given the circumstances. There wasn’t much in the way of data yesterday, though the weekly initial jobless claims from the US for the week through November 13 came in higher than expected at 268k (vs. 260k expected), and the previous week’s reading was also revised up +2k. That said, the 4-week moving average now stands at a post-pandemic low of 272.75k. Otherwise, the Philadelphia Fed’s manufacturing business outlook survey surprised to the upside at 39.0 in November (vs. 24.0 expected), the highest since April. That had signs of price pressures persisting, with prices paid up to 80.0, the highest since June, and prices received up to 62.9, the highest since June 1974. Finally, the Kansas City Fed’s manufacturing index for November fell to 24 (vs. 28 expected). To the day ahead now, and central bank speakers include ECB President Lagarde, Bundesbank President Weidmann, Fed Vice Chair Clarida, the Fed’s Waller and BoE Chief Economist Pill. Separately, data highlights include UK retail sales and German PPI for October. Tyler Durden Fri, 11/19/2021 - 08:11.....»»

Category: personnelSource: nytNov 19th, 2021

A Food Industry Reset Can Cut At Least 10% Of Global Emissions

S&P Global Ratings’ most recent report has found that the food system is responsible for about one-third of global GHG emissions, including up to 10% from lost or wasted food. Food supply disruptions due to the pandemic and extreme weather have further brought this issue into the spotlight. However, if it optimises its food production […] S&P Global Ratings’ most recent report has found that the food system is responsible for about one-third of global GHG emissions, including up to 10% from lost or wasted food. Food supply disruptions due to the pandemic and extreme weather have further brought this issue into the spotlight. However, if it optimises its food production and supply chain by adopting more efficient systems, the food industry could reduce food waste which would, in turn, help pave the way to a more sustainable future. 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 Key Takeaways Each year, a staggering one-third of food produced globally--worth almost $1 trillion--is lost or wasted, with unconsumed food contributing up to 10% of global greenhouse gases (GHG) in addition to emissions from farming, processing, and other activities. More efficient food systems will help eliminate food loss and waste while reducing the impact on the environment, especially since about 14% of the world's food is lost before reaching supermarket shelves. With the U.N.'s 2030 target for halving per capita food waste fast approaching, we believe the food industry can create a path to more sustainable food production and supply through closer collaboration and process integration. Companies able and willing to adjust their business models and adopt sustainable agronomic practices can strengthen their resilience to operating setbacks and reduce food-related emissions, while delivering higher margins through value-added product offerings. Studies suggest that the food system is responsible for about one-third of global GHG emissions, including up to 10% from lost or wasted food. This stands out when compared with about 12% from manufacturing and construction and 14% for the transportation sector, according to data from the World Resources Institute (WRI). Food supply disruptions, especially over the past two years due to the pandemic and extreme weather, have brought this issue further into the spotlight. Last year, for example, one of the warmest on record according to the World Meteorological Organization, thunderstorms, wildfires, plagues, and drought destroyed millions of hectares of crops and displaced thousands of people. In addition, COVID-19-related restrictions severely hampered the transport of agricultural commodities over air, land, and sea. This increased the amount of food lost or wasted at the production and retail stages, already vulnerable to storage capacity, freight availability, and political instability among other factors. S&P Global Ratings believes agribusinesses can strengthen the food production and supply chain through closer collaboration at every stage, both downstream and upstream. There are meaningful gains to be had, for example by companies expanding into advanced food ingredient technologies to improve product shelf life, or by integrating transport with processing and sales. Some companies are already rethinking their long-term strategies, putting greater emphasis on managing environmental and social risks. We believe they stand to gain a competitive advantage using this approach. The big question is whether they can do enough to have a visible impact on food-related emissions by 2030. The High Cost Of Food Loss Although limited data is available, the Food and Agriculture Organization (FAO) estimates (2016) show that, excluding retail and households, about 14% of the world's food is lost between the harvest and retail stages. Before and during consumption, the highest food loss and waste per capita occurs in Asia, according to a World Economic Forum report, followed by North America and Europe. The report states that "if food waste were a country, it would rank behind only the U.S. and China for greenhouse gas emissions." The UN Environment Program (UNEP)'s Food Waste Index indicates that, in 2019, 61% of food waste came from households, 26% from food service, and 13% from retail. A large share of food waste stems from consumers, food providers, and retailers in developed markets. In North America, the U.S. Department of Agriculture estimates that, in 2010, 31% of the domestic food supply was lost, to the tune of about $161 billion. Seven years later, a report by the National Conference of State Legislatures showed that about 40% of food produced in the U.S. is wasted throughout the supply chain, from farms to households, while 41 million Americans faced food insecurity in 2016. In the U.K., despite considerable progress in this area, estimates show that households and businesses still waste around 9.5 million tonnes (mt) of food per year (70% intended for human consumption) valued at over £19 billion. The edible portion of this food (6.4 mt) would have been enough to feed the entire U.K. population three meals a day for 11 weeks. Food is wasted in many ways. Here are just three of them: Edible fresh produce not meeting certain criteria, for example in terms of shape, size, and color, is dumped during sorting operations. Foods that are close to, at, or beyond the "best before" date are often discarded by retailers and consumers. Large quantities of edible food not eaten by households and restaurants are often thrown away. More Businesses Need To Focus On Sustainability While the world is focusing on the energy transition, the U.N.'s 17 sustainable development goals (SDGs) are keeping the attention on issues such as hunger, poverty, climate action, and sustainable cities and communities. Resolving these clearly also support the reduction of GHG emissions. In particular, SDG 12 is to ensure sustainable consumption and production patterns, including a target (SDG 12.3) to halve--by 2030--per capita food waste at the retail and consumer levels, while reducing food losses during production and supply. Over 190 countries formally agreed to the SDGs, set in 2015, as part of the U.N.'s 2030 Agenda for Sustainable Development. Yet only 1% of food companies' business models support responsible consumption and production, according to a September 2020 Trucost survey of 3,500 companies representing 85% of global market capitalization. And not much time is left before 2030. The Trucost report also states that about 90% of the companies it examined provide products and services related to food logistics, including taking products from harvest through to consumption. Among the largest global food corporations working with farmers, retailers, and other organizations in support of the SDGs are market leader Cargill, which has launched several initiatives under its Sustainable Supply Chains program (beef, cocoa, corn, and cotton, among others). Similarly, ADM (food and beverage ingredients) has SDG-aligned environmental targets it aims to achieve by 2035, including a 25% drop in GHG emissions. Nestle (more than 2,000 food and beverage brands) has committed to tackling emissions through 100% deforestation-free supply by 2022, 100% recyclable or reusable packaging by 2025, and food loss/waste reduction targets. Bunge (the world's largest oilseed processor) has an ambitious goal that includes a deforestation-free supply chain by 2025. Mondelez (brands include Cadbury, Philadelphia, and Oreo) reports that it's on track with its 2022-2025 sustainable-ingredients targets. Danone (including Activia, Alpro, and Silk) has pledged a 50% reduction of food waste from the 2016 level, plus 100% next-generation, recyclable, biodegradable packaging by 2025. There Are Many Possible Solutions Several global companies plan to effect changes to reduce the environmental impact of their own activities, but this is not enough to transform the entire food production and supply chain. Successful collaboration and consolidation won't be easy, but food companies have several options open to them. Support for farmers and the local salesforce through better data, technology, and training. We believe direct links with farmers and closer relationships with salespeople where crops are grown are increasingly important to limit loss at production. In large crop-producing regions such as the eastern coast of Latin America, South East Asia, and the Black Sea, local currency inflation and volatility often mean that farmers make storage, sale, and process decisions every week, depending on trading data. Such fragmented decision-making means that transport companies operating with long-term contracts might see their freight capacity underutilized if farmers renege on supply contracts. This is a particular risk if the monetary penalty for farmers is small relative to the potential gain of diverting the sale. Value-added products in food processing can help reduce waste further down the line and offer agribusinesses opportunities for profitable growth. Innovative technologies can help reduce waste at consumer level by improving the shelf life and appearance of staple foods. In addition, they can promote more efficient crop use by improving the taste and texture of more environmentally friendly plant-based food. Many companies are investing in this are also looking at new materials, to be used, among other things, in food handling and packaging. Collaboration with retailers is key to cutting distribution inefficiencies and food waste at households. This will enable large agribusinesses and consumer product companies to reap the full benefits of their measures to tackle food waste. Grocers, for instance, can play a huge role in influencing consumers' food choices and attitude toward waste. In recognition of this, leading agribusinesses, consumer products groups, and food retailers have joined the WRI's "10x20x30" initiative since it launched in 2019. The program aims to drive progress on SDG 12.3, using a "whole chain" approach, with participating companies pledging to engage with at least 20 of their suppliers and--together--halve their food loss and waste by 2030. Adoption of the "Target-Measure-Act" strategy can help track sources of waste/loss, find solutions, and record progress. The strategy was launched by U.K. sustainable resources advocate WRAP and the IDG (Institute of Grocery Distribution) in 2018 as part of the country's Food Waste Reduction Roadmap, which is geared toward the U.N.'s SDG 12.3 target. Three years into the program, nearly 200 companies, including top global names like Unilever, Nestle, Mondelez, and PepsiCo have committed to using the Target-Measure-Act method to speed up food loss/waste reduction in their operations, and make the results public. U.K.-based Tesco was the first retailer to use the approach, inviting 27 suppliers to take part in 2017. WRAP has also called on COP26 delegates to adopt to Target-Measure-Act to tackle climate change. The U.K.'s September 2021 Food Waste Reduction Roadmap progress report showed that businesses had lowered food waste by an estimated 17%--worth £365 million--over the previous year. The U.K. is the first nation to create a plan to achieve SDG 12.3's target of reducing food loss and waste by 50% by 2030. Increased use of processed food byproducts and restaurant waste for renewable fuels. Animal fats and meal resulting from meat processing, well as cooking oils from food-service establishments, are increasingly being used to produce renewable fuel, thereby reducing the amount of waste as well as reliance on fossil fuel. Under initiatives such as the U.S. National Renewable Fuel Standard Program, gasoline refiners are required to increase their blend of such biofuels into the gasoline supply, with production mandates for renewable and biofuels expected to increase by more than 20% in 2022 compared with 2020 levels. Continued biofuel demand growth will also increase the economic value of such byproducts for recycling into fuels. In fact, a market for various grease grades (for example yellow grease, choice white grease, and poultry grease) already exists, with prices rising more than 100% year over year in the quarter ended Sept. 30, 2021, according to the Jacobson Index. What Food Companies Are Already Doing We see global agri-commodity companies consolidating their agricultural platforms (such as for grain, coffee, and cotton), while pursuing geographic expansion and shifting their product mix toward more sustainable alternatives. Scale and cost efficiencies should enable them to deliver affordable products. However, they are increasingly recognizing that to improve supply chain sustainability, they have to invest upstream as well as downstream to reduce reliance on less sustainable food inputs even though they may be more cost effective. The related investments typically stop short of direct ownership of farmland and crop production, but look at all parts of the food system's infrastructure. This includes partnering with growers and supporting them with new sustainable technologies and processes. Such an approach could entail optimizing drying, storage, and quality controls, land transit, and the high volume of crops passing through port terminals. Article by S&P Global Ratings Updated on Nov 17, 2021, 11:56 am (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: valuewalkNov 17th, 2021

17 of the best places to buy affordable fine jewelry, from simple gold hoops to gemstone stacking rings

Beautiful jewelry doesn't have to be expensive. These are the best places to buy fine jewelry that's easier on your wallet yet still high quality. When you buy through our links, Insider may earn an affiliate commission. Learn more.Table of Contents: Masthead Sticky Fine jewelry costs a bit more than costume, but you can still get quality pieces on a budget. Brands and retailers like Catbird, Mejuri, and Vrai are changing the game. We've rounded up our favorite pieces and retailers below.  Svetlana Evseeva/Getty ImagesWith its inaccessible prices, technical terminology, and nebulous production practices, the world of fine jewelry is intimidating to step into and, for a generation that cares simultaneously about value, style, sustainability, and ethics, often a world that's avoided altogether. Not too long ago, we wouldn't even have considered buying nice jewelry online. But with direct-to-consumer jewelry companies taking center stage, no middlemen or mark-ups mean that you can pay a palatable price that's closer to the true cost of making that beautiful gold necklace. Plus, high standards for sourcing and production quell any fears that your purchase sets other livelihoods or the environment back. These online jewelry companies will help you make the decision without overcharging you in the process. The best places to buy affordable fine jewelry in 2021:MontserratMontserratFor everyday pieces still that make a statement, Montserrat has a collection of playful designs that are easy to wear alone or layered with minimalist pieces.A playful blend of pearls, charms, and 14-karat gold plated settings make up Montserrat's jewelry line. With its enamel fruit designs, the latest collection transports you to a state of constant vacation. Though statement-making, the pieces are still dainty enough to layer with other pieces you own, and you can pick up a necklace and earring set without spending more than $200.What to buy:The Limón Huggie Earrings (small)The Frutti Di Mare Fresas Set (small)The Seta Set (small)ItalicItalicJust by skipping the brand name, Italic lets you buy jewelry made in the same workshops as designer artisans at a fraction of the price.Italic is an online retailer where you can find clothing, handbags, home goods, and more that are made in the same factories as designers like Miu Miu and Prada — just without the label and for a fraction of the price. Recently, it added fine jewelry to the mix. You can now pick up timeless additions like diamond necklaces and solid gold huggie hoops for as little as $225 and $150, respectively. What to buy:Diamond Solitaire Necklace (small)Gold Faceted Huggie Earrings (small)Diamond Pavé Bar Bracelet (small)Page SargissonPaige SargissonLook to Page Sargisson for handmade solid gold and sterling silver jewelry that's perfect for gifting and starts as low as $32.Brooklyn-based designer Page Sargisson makes custom pieces that run well into the thousands, but you'll also find plenty of more affordable options as part of the 10kt & silver collection. Everything is made by hand out of solid gold or sterling silver and includes pieces like an opal-studded evil eye necklace ($350), tiny stud earrings ($32), and a calendar charm (from $835) that can be personalized to commemorate a special date.What to buy:Teeny Tiny Double Post Earrings (small)Evil Eye Small Ring (small)Zodiac Constellation Charms - Silver (small)Small Calendar Charm (small)CatbirdCatbirdKnown for its delicate rings and transparent sourcing, Catbird is the epitome of cool, affordable jewelry. Cool, Brooklyn boutique vibes meet the ease of online shopping at Catbird, where you can find delicate $44 rings alongside sparkly $14,100 engagement rings. It's fully transparent about the source of its materials and donates 1% of all sales to non-profits including the ACLU and Planned Parenthood. In addition to jewelry that's crafted in-house, Catbird is home to other designers and beauty and home goods. What to buy:Sleeping Beauty Opal Ring (small)Snake Moon Earring (Single) (small)Ballerina Bracelet (small)MejuriMejuriMejuri provides dainty, minimal jewelry at an affordable price point. Toronto-based startup Mejuri, founded by a former art director and a former engineer and third-generation jeweler, drops new pieces every week of the year, and without fail, its largely female clientele return again and again to its 14-karat gold, gold vermeil, and sterling silver jewelry that's made for everyday wear. Mejuri's mission is to have women "embrace a daily dose of luxury." With plenty of under-$100 options, it makes fulfilling this mission very achievable.  What to buy:Bold Sculpture Band (small)Curb Chain Bracelet (small)Lotus Studs (small)AUrateAUrateAUrate offers both minimal, everyday pieces as well as bold statement pieces, so you can create a well-rounded jewelry collection. AUrate offers both the solid foundation pieces and the unique statement pieces that you'll need for a jewelry refresh. Everything is crafted in New York City, which also means that NYC dwellers can enjoy same-day delivery of 14- and 18-karat gold, AAA pearls, and ethically sourced diamonds (the rest of the country gets free shipping).What to buy:Love Me Knot Ring (small)Gold Huggies (small)Flower Earring Back Small (small)Birthstone Anklet (small)SokoSokoFor handcrafted pieces that won't break the bank, Soko is a go-to. At the helm of the movement towards "ethical fast fashion" is Soko, a jewelry startup with an innovative, efficient, and empowering model that uses technology to connect with independent artisans in Africa. Soko's jewelry is guaranteed to attract attention, not only for its unique sourcing and manufacturing origins but also for its structural, powerful style. These hand-made pieces are produced from less conventional, but more affordable materials like brass. What to buy:Nia Earrings (small)Ripple Band Ring (small)Capsule Link Bracelet (small)AuvereAuvereThe pieces at Auvere are investment pieces, but they'll appreciate in value over time. For top-line luxury, specifically 22- and 24-karat gold, at surprisingly affordable prices, Auvere is the place to go. There's a range of feminine and more masculine designs, so there's something to fit everyone's style. There's no denying that the architectural pieces are investments, but you get what you pay for — pure gold, wrapped into beautiful designs without the mark-up — and they'll only appreciate in value over time. What to buy:Wishbone Pendant and Chain (small)Cage Stud Earring (Single) (small)Astra Bangle (small)Hug Me Huggie Earring (Single) (small)Ariel GordonAriel GordonAriel Gordon designs cute, delicate jewelry that is meant to be worn over and over again. This Los Angeles-based brand is a celebrity favorite and it's easy to see why. Launched out of her apartment while Gordon worked as a Hollywood publicist, the collection is made up of pieces designed to be worn over and over again, transitioning from occasion to occasion without losing quality and durability. Its charm pieces, which include animals and flowers, are truly sweet designs that'll brighten your day. What to buy:Roman Holiday Ring (small)Helium Huggies (small)Lido Strand Necklace (small)Frutta Studs (small)The Last LineThe Last LineFor those who love bold, beautiful jewelry, The Last Line is a must-shop. Founded by a Parsons grad and industry veteran, The Last Line wants to be the one and only place you buy all your jewelry. That might not be as ambitious as it sounds considering the brand sells everything from show-stopping rainbow pieces to chunky rings to classic gold hoops. If you thought fine jewelry couldn't be fun or colorful, The Last Line is here to prove you wrong. What to buy:Pink Tourmaline Perfect Tennis Bracelet (small)Emerald Large Biggie Earring (small)Rainbow Eternity Band (small)GorjanaGorjanaFor jewelry that is effortlessly cool, look no further than Gorjana. If you love the "I-just-threw-this-on" jewelry look, you're going to want to check out Gorjana. If you haven't heard of it already, this Laguna Beach-based brand is well-loved for its range of affordable, gold-plated pieces that range from simple and dainty to funky and trendy, which pretty much all cost under $100. If you want something a little more luxe and have extra room in your budget, Gorjana recently introduced a line of fine jewelry that's made up of solid 14-karat gold and diamonds.What to buy:Classic Gold Huggie (small)Wilder Necklace (small)Amara Ring Set (small)Classic Gold Huggie (small)Stone and StrandStone and StrandEthically sourced and conflict-free, Stone and Strand has its own capsule collection while also curating other like-minded brands on its site. Stone and Strand produces its own high-end jewelry and curates other like-minded brands on its site, creating an online space where shoppers aren't intimidated to explore fine jewelry. Most pieces are made of 14-karat solid gold — though you can also find more affordable gold-plated options — and the diamonds and gemstones used are ethically sourced and conflict-free. Its first capsule, Good Girl Tools, sets the tone for the types of jewelry you can expect from the rest of the brand: bold, pretty, and wearable for every day. What to buy:Babyheart Signet Ring (small)Branch Diamond Studs (small)Large Pave Diamond Initial Charm Necklace (small)VerlasVerlasIf you tend to be indecisive about purchasing jewelry, you'll love Verlas' at-home try-on service. Investing in a nice piece of jewelry without trying it on first can feel risky. If you can't make up your mind right away, Verlas makes it easy to make sure you'll love your new piece. The brand offers a try-at-home program where you can try any three pieces from the site for 15 days. The test pieces are made of replica materials (like cubic zirconia and brass), but when you're done, you can choose the ones you love best and then order the real deal made with diamonds and gold. If you want to pass on them all, that's okay too. Of course, if you know what you want right off the bat, you can go straight to purchasing. What to buy:Essential Round Necklace (small)Diamond Arc Hoops (small)Essential Tennis Bracelet (small)Round-Embellished Band (small)VraiVraiSkeptical about buying diamond rings online? Vrai helps to streamline the process. This downtown LA-based company only uses solid gold and Diamond Foundry diamonds, which are physically and chemically indistinguishable from mined diamonds, and created using solar energy. Vrai's simple and timeless pieces will delight minimalists and anyone who hates to be plagued by pages and pages of choices. Couples should take advantage of its free home try-on program for wedding rings, which decreases the pressure of choosing the perfect ring. What to buy:Tiny Diamond Station Necklace (small)Tiny Diamond Ring (small)Diamond Ear Arc (Pear) (small)Interlink Necklace (small)HoldenHoldenCustomized wedding rings are super affordable thanks to Holden. When wedding ring shopping gets so stressful that it detracts from the real experience of starting your life with someone, that's a problem. Holden is making it easy to shop for and customize wedding rings that start at only $249. Simply request a free ring size kit, choose your ring profile, width, metal, karat, and finish, and add an optional engraving, and your rings will be made-to-order with 3D printing technology. What to buy:Domed Profile Ring (small)Half Eternity Profile (small)Line Profile Ring (small)Faceted Profile Ring (small)CoupleCouple/FacebookCouple gives couples the opportunity to purchase their engagement rings online. The idea for Couple began when one of its co-founders had difficulty finding an engagement ring for his now-wife and saw an opportunity to also lessen the environmental and ethical challenges of mined diamonds. Couple works with lab-grown diamonds that look identical to mined ones (and are actually of higher quality) so that marriages can start off on the right foot — with trust, transparency, and thoughtfulness. Many of the rings can also be engraved for a truly personal touch. What to buy:Knife Edge Ring (small)Classic Thin Ring (small)The Halo Ring (small)The Pavé Signature (small)GemistGemistIf you love a ring stack, you'll love Gemist's wide array of rings that you can layer. Love a finger full of stackable rings? You'll love Gemist's wide variety of affordable pieces. The brand offers a streamlined at-home try-on process, where you're given three costume rings to play with for two weeks. Enjoy the pieces? Just let Gemist know, and they'll send you the custom pieces after you send your testers back. Gemist also has a variety of earrings, wedding bands, and engagement rings, too.What to buy:Gloss Heroine Ring (small)Solid Gold Ring (small)Solid Gemist Huggie (small)The Round Solitaire (small)QuinceQuinceFor minimalist styles at a minimal cost, Quince has a collection of solid gold jewelry that starts as low as $50.Similar to Italic, Quince is able to offer solid gold and diamond jewelry at affordable prices by cutting out the middleman. If you're looking for exceptionally dainty pieces, this is where you can pick up a pair of 14-karat gold hoops for less than $50 and a simple 14-karat gold stacker ring for less than $70. The minimalist designs and low prices make Quince an easy destination for rounding out the foundation of your jewelry collection.What to buy:Large Organic Freshwater Cultured Pearl Hoops (small)Diamond Beaded Ring (small)Classic Diamond Stud Earrings 0.12 carat (small)IdylIdylIdyl's modular jewelry lets you create multiple looks from a single necklace or pair of earrings, all of which are made with lab-grown diamonds and conflict-free gold.What Idyl lacks in options, it makes up for in versatility. The jewelry brand currently only sells necklaces and earrings but what makes it unique is that everything is modular — all of the pieces are designed to be mixed and matched with various add-ons to create different looks. Once you own the basic round studs, for example, you can purchase 17 separate attachments to look like an entirely new pair of earrings. Idyl also aims to bring transparency and sustainability to its jewelry line by using lab-grown diamonds and traceable solid gold.What to buy:Diamond Stud (small)Laila Chain (small)Lucia (small)Check out our other jewelry guides and roundupsEMS FORSTER PRODUCTIONS/Getty ImagesThe best places to buy engagement rings onlineThe best pieces of jewelry we've ever bought onlineMinimalist jewelry gifts for womenThe best places to buy affordable jewelry that still looks expensiveRead the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 17th, 2021

We visited a TJ Maxx in the US and a TK Maxx the UK and found that both had an eclectic, if not a bit messy, mix of merchandise

The TJX Companies owns two chains with nearly-identical names: TJ Maxx in the United States and TK Maxx in the United Kingdom. There are a few big differences between TJ Maxx in the US and TK Maxx in the UK. Grace Dean/Insider and Áine Cain/Insider The TJX Companies operates a number of department stores around the globe. TJ Maxx is the company's flagship chain in the US. That brand's known as TK Maxx in the UK. Insider visited a TJ Maxx in the US and a TK Maxx in the UK to compare the stores. See more stories on Insider's business page. The TJX Companies is an international department store company with more than 4,500 locations around the world. It's the corporation behind brands like Marshall's and HomeGoods. In the United States, its flagship store is TJ Maxx. In the United Kingdom, the chain goes by the name TK Maxx.Insider looked into the differences and similarities between TJ Maxx and TK Maxx. Here's what we saw while visiting two stores separated by both a single letter and the Atlantic Ocean. The TK Maxx we went to in the UK was on a busy road in Leeds city center. We visited a TK Maxx in Leeds city center. Grace Dean/Insider In the UK, TJ Maxx changed its name to avoid being confused with the UK-based discount department-store chain TJ Hughes. We visited a TK Maxx in Leeds city center. Grace Dean/Insider Source: Insider This is what you see when you enter the Leeds store. When we visited, it was surprisingly busy for a Tuesday afternoon. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The TJ Maxx went visited was located on the south side of Indianapolis. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider Given that we visited during work hours on a week day, the store was relatively quiet, with just a few shoppers milling about. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider At the TK Maxx, we started off by visiting the health and beauty section. There was a sign saying that there were no testers for the makeup ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... but loads of people had already opened the packaging. We visited a TK Maxx in Leeds city center. Grace Dean/Insider There was a mix of popular brands, like Maybelline and L'Oréal, and lesser-known ones, like Becca and Pop Beauty. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The clearance makeup section was even messier. We visited a TK Maxx in Leeds city center. Grace Dean/Insider They'd taken better steps in the fragrance department by putting products into sealed boxes. We visited a TK Maxx in Leeds city center. Grace Dean/Insider In comparison, the section for body and bath was beautiful, with the products neatly stacked and color-coordinated. We visited a TK Maxx in Leeds city center. Grace Dean/Insider In the US, the makeup section also carried some heavy-hitting brands like Marc Jacobs. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider The aisle also had a sign warning prospective shoplifters. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider The American version of the haircare, fragrance, and body and bath section was a little less eye-catching, but still well-organized. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider And it had a few fancy-looking selections. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider At the TK Maxx, the women's clothing section was a bit hit and miss. Some display racks, like this, had empty spaces ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... while others were fully stocked. We visited a TK Maxx in Leeds city center. Grace Dean/Insider Some of the displays were a bit boring, though. We visited a TK Maxx in Leeds city center. Grace Dean/Insider There was also a Gold Label section for high-end clothes, like this Victoria Beckham dress that cost £199.99 (around $275), down from £1,299.99 (around $1,785) ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... though these weren't displayed very attractively, either. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The Gold Label section also had a display for designer bags ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... and shoes, even though the shoe section confusingly had its own display for Gold Label shoes, too. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The TJ Maxx store in Indianapolis was dominated by a large, expansive clothing section. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider As far as we could see, the Indianapolis store didn't have a corresponding Gold Label section. Áine Cain/Insider In the women's clothing section, we wandered through row after row of garments sorted by size. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider In the UK, the floor dedicated to clothing also boasted a jewelry counter ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... aisles of beautifully color-coordinated bags ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... and glasses which you had to put in a box after trying on so that staff could clean them. We visited a TK Maxx in Leeds city center. Grace Dean/Insider In the one-story TJ Maxx in the US, the purses were all up at the front of the store, near the windows ... We visited a TJ Maxx in Indianapolis. Áine Cain/Insider ... and next to a rather jumbled-up jewelry counter. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider In the UK, the shoe section had similar COVID-safety measures, with a sign telling you to wear disposable socks when you were trying on shoes ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... but we couldn't find any of the disposable socks anywhere. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The shoe section was huge, and I'm glad I wasn't looking for anything in particular because I think I would have struggled to find it. We visited a TK Maxx in Leeds city center. Grace Dean/Insider In the US, the shoe section was similarly large ... We visited a TJ Maxx in Indianapolis. Áine Cain/Insider ... with tons of options. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider The only difference was the TJ Maxx's shoe section had large sections that were totally empty. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider At TK Maxx, the upstairs was dedicated almost entirely to women's items. Downstairs were men's clothing, kid's products, and homeware. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The men's clothing section generally seemed much tidier than the women's. We visited a TK Maxx in Leeds city center. Grace Dean/Insider There were a few football t-shirts, although none for our local team. We visited a TK Maxx in Leeds city center. Grace Dean/Insider There were lots of well known brands, and a display dedicated to '90s-style sportswear. We visited a TK Maxx in Leeds city center. Grace Dean/Insider At the Indianapolis store, the menswear section offered a number of selections. We noticed that it was especially heavy on flannel shirts. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider The US store also had jerseys for a local team, the Indianapolis Colts. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider Oddly enough, there was also sports merchandise for the Seattle Mariners, a football team located over 2,000 miles away. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider The men's department at the UK TK Maxx also had a small Gold Label section ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... as well as these £7.99 ($11) "Rick and Morty" t-shirts. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The TK Maxx had one corner of the men's section dedicated to suitcases, too. We visited a TK Maxx in Leeds city center. Grace Dean/Insider Finally we moved onto the homeware section. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The food section sold all sorts, ranging from tea and honey to huge jars of olives and salt in glass containers shaped like Italy. We visited a TK Maxx in Leeds city center. Grace Dean/Insider There were also some homeware items you probably wouldn't think of coming to TK Maxx for, like general cleaning products ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... and pet toys. We visited a TK Maxx in Leeds city center. Grace Dean/Insider As ever, though, the clearance section was the best part of the TK Maxx homeware department. We visited a TK Maxx in Leeds city center. Grace Dean/Insider Alongside jigsaws, paintbrushes, and greetings cards, highlights included a lone gender-reveal piñata ... We visited a TK Maxx in Leeds city center. Grace Dean/Insider ... and this $550 item in a box sealed with a security tag. The back of the box was blank, and we had no clue what the item was or why it cost so much. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The home décor and goods section of the US store was probably the most robust, as well. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider It was chock full of different kitchen and bath essentials ... We visited a TJ Maxx in Indianapolis. Áine Cain/Insider ... as well as a slew of autumnal decorations. The layout and organization was more pleasing in this section than in other parts of the Indianapolis store. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider By the checkouts at the TK Maxx, there were all sorts of seemingly random items lined up together, like men's underwear, toy cars, and bedding. We visited a TK Maxx in Leeds city center. Grace Dean/Insider The big standout near the cash registers at the TJ Maxx was the table exhorting prospective workers to sign up for an interview. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider In the US, TJ Maxx's motto was once "get the maxx for the minimum price." We'd say that the Indianapolis store was certainly maxed out in terms of having a wide selection of goods. We visited a TJ Maxx in Indianapolis. Áine Cain/Insider Overall, the UK store was true to its logo - we saw a lot of big brands, but they were hidden behind a lot of chaos, too. We visited a TK Maxx in Leeds city center. Grace Dean/Insider Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 12th, 2021

50 unique subscription boxes and services that keep on giving month after month

The best subscription services provide unique discoveries and make life easier. We rounded up 50 subscriptions to gift to friends and family. When you buy through our links, Insider may earn an affiliate commission. Learn more. Earthlove delivers eco-conscious books and sustainably-sourced, ethically-made artisanal products. Earthlove There's a subscription for every interest you can think of, from books to fashion to pets. You don't even need to wrap them yourself, since they're sent directly to your recipient. We discovered 50 of the best subscription boxes, from flavored water to stationary. Although you typically order them for yourself, subscription boxes are also an excellent gift choice because there's one for pretty much every interest and hobby you can think of. It's easy to purchase online and send, too - no pesky gift-wrapping necessary. The best subscription services provide unique discovery opportunities, curate high-quality brands, and automate everyday routines to make life easier. But if you're worried about choosing the right subscription, most sites offer gift cards. Then, they can apply it towards a plan of their choice and personalize the subscription to their own wants and needs. So, even if the actual subscription box doesn't ship in time for the occasion (though no one needs an occasion to celebrate these days), your recipient will still receive notification that it's on its way, so they know you didn't forget about them. Check out 50 great subscription gifts below: Murray's Cheese: an assortment of gourmet cheese to try Murray's cheese Classic Cheese of the Month Club, from $63Whether you're a certified cheese lover or a newcomer, this gourmet collection fits any cheese preference. This cheese subscription gift provides up to four delectable cheese options to snack on each month. Calm: a sleep and meditation app Calm Calm Subscription, from $69.99Help them to unwind by gifting a subscription to Calm, a soothing solution to their stress. Calm is known for helping its app user maintain mindfulness, achieve better sleep, and reduce anxiety. The Criterion Channel: A streaming service for classic and contemporary films the criterion channel The Criterion Channel subscription, $10.99/monthThe Criterion Channel offers a refreshing selection of films to discover, even for the cinephile who believes they've seen everything. The streaming service features a diverse library of hidden gems from classics, independent films, to international discoveries. Scentbird: a monthly perfume and cologne subscription box Scentbird Gift a Scentbird subscription, from $44/3-monthsLet them unwrap the gift they really want – infinite new designer scents and none of the smelly sample strips. They can avoid the commitment to just one bottle and instead find their signature smell. Each month they will get a 30-day supply of the fragrance they want.  Menlo Club: a wardrobe revamp for the person who doesn't have time to shop Menlo Club Give a Menlo Club membership, $153/3-monthsMenlo Club is an affordable men's clothing subscription that will supplement their existing wardrobe with fresh pieces. The membership gives them the opportunity to take a style quiz and receive two to three items from Menlo Club's brands based on their personal style. Senior reporter Amir Ismael tested it out and found it's the easiest way to dress nicely without overspending or going to the store.Read our full Menlo review here. My Garden Box: bonsai and terrariums that satisfy green thumbs My Garden Box My Garden Box, from $35.50/month plus $12.99 shippingTurn their home into their own personal plant nursery with this monthly gardening and crafting package. Each month, they'll get everything from a planter, soil, and living plants, plus gardening tips. Loot Crate: a curated bundle of fan collectibles Loot Crate Loot Crate, from $9.99/monthWhether they are a gamer, anime fan, or pop culture aficionado, there's an exclusive crate for them. Each box is filled with multiple fan collectibles and apparel. Find the box that best aligns with your giftee's interests and get it delivered directly to their door.  Curlbox: products for those with curly hair Curlbox Gift a Curlbox subscription, $25/month Curlbox is the perfect gift for your curly haired family member or friend, with monthly boxes that share four or more hair product samples. It's a first come, first served system, but they could receive products from notable brands like Flawless by Gabrielle Union or Carol's Daughter. Rowan: hypoallergenic earrings for tweens Rowan Gift a Rowan subscription, $25/monthWhile this subscription box is geared towards tweens, the gold vermeil and sterling silver options can really appeal to just about any earring lover. The great thing about this subscription is that the earrings are all hypoallergenic in case the receiver has sensitive ears. Mindfulness cards, stickers, and sometimes surprise accessories also come in the box. Cloth & Paper: stationary and planners for the organization enthusiast Cloth and Paper Gift a Cloth & Paper subscription, $18-$240/1 month-6 monthsThe one who can't stop planning, jotting down notes, and sending cards will appreciate Cloth & Paper's subscriptions. There's a box filled with writing utensils, a box for planning and stationary, and one that merges the two. From brush pens and fineliners to sticky notes and postcards, they'll be planning nonstop.  Hygge Box: Danish coziness in a box Hygge Box Gift a Hygge Box subscription, $36-$49/monthHygge is the Danish concept of coziness, and this subscription brings just that to the table, featuring items like candles, fairy lights, tea, and snacks. The deluxe box also includes home decor, accessories, wellness products, and other full-size treats. They'll be celebrating the comfort and joy in the ordinary when you give this subscription.  Earthlove: earth-friendly home, kitchen, and beauty products Earthbox Gift an Earthlove subscription, $59.95/monthEarthlove delivers eco-conscious books and sustainably-sourced, ethically-made artisanal products. The company is all about the lifestyle and experience, providing a booklet with self-care tips and mindful stories, as well. By gifting this seasonal subscription box, you'll also be supporting a handpicked organization that nurtures the planet.  Winc: full-sized bottles of wine to enjoy Winc/Instagram Gift a Winc gift card, $60-$150Winc is a California-based company that both creates its own wine and curates bottles from top vineyards. It sends three full bottles of wine based on their "Palate Profile," so they'll get something that suits their particular taste. Its community rating system also points them to new names to try. Read our full review of Winc here.  Goldbelly: their favorite food delivered to their door Goldbelly Gift a Goldbelly Subscription, $45-$749You can choose from subscriptions to their favorite food like pizza and BBQ, their favorite cities like NY and New Orleans, or let the editors at Goldbelly curate the month's best sellers for a surprise box. Read our full review of Goldbelly here. Trunk Club: An at-home take on personal styling Trunk Club Gift a Trunk Club Gift Card, choose your amountTrunk Club is Nordstrom's personal styling service. It helps to simplify the often overwhelming online shopping experiencing by curating subscription boxes full of clothing based on personal styles and budgets. They'll only keep what they want to buy, and they can send the rest back. The gift card can be applied to both Trunk Club and all of Nordstrom's site. Read our full review of Trunk Club's masculine styles here. Nest: Beautiful, fragrant candles Nest Nest Candle Subscription, $40/3 monthsNest is known for its unique and innovative fragrances like Black Tulip and Wisteria Blue. The brand's monthly candle subscription delivers a new, expertly chosen scent to the recipient every month, each of which comes in a sleek glass vessel with up to 60 hours of burn time.  BarkBox: toys and treats for their best animal friend Barkbox Gift a BarkBox subscription, from $35/monthThe best way to please a dog owner is to gift not to them, but to their dog. Bark Box's adorable toys and all-natural treats are the highlight of the month for more than two million dogs nationwide. Read our full review of BarkBox here. Date night in box: a custom-curated date night sent right to their door Date night in a box Gift a Date Night in a Box Subscription, from $41.99/monthIf you're shopping for a couple that you know, this will take the stress out of planning date night. Each box is themed and comes with activities, ambiance for the night, and of course, snacks or recipes to make.  Adult and Craft: all that you need to make your Pinterest project dreams come true Cratejoy Gift an Adult and Craft Subscription from Cratejoy, from $31/monthCrafting lovers, rejoice because this box provides you with all you need to make your Pinterest dream projects come true. The box provides you with enough supplies to create the projects which range anywhere from photo transfer to woodworking. Disney Plus: entertainment options for every mood and interest Disney Plus Gift a Disney+ subscription, $79.99/yearThe popular new streaming subscription features unlimited, ad-free access to thousands of movies and series (including original, exclusive programming), and the ability to stream on up to four devices simultaneously and add up to seven profiles. If you know someone who still hasn't subscribed, you can help them tune into all the Disney, Pixar, Marvel, and Star Wars content they've been craving. Read our full review of Disney+ here. Birchbox: beauty and grooming samples tailored to their style and needs Birchbox Gift a Birchbox subscription, $45/3 monthsThe grooming, skincare, and beauty industries couldn't be more packed with products for all types of needs and concerns. Birchbox digs through the clutter for them and picks out five samples each month that they should use. At $15 a month, the value of the service is unparalleled. Read our full review of Birchbox here. Harry's: razors and accessories needed for a close and comfortable shave Harry's Gift a Harry's custom shave plan here, starting at $5 one time payment with a $15 refill every 5 monthsThe gift of a clean, smooth shave is more cherished than you might think. Harry's full line of shaving products work together seamlessly, and you can customize this combination of blades, creams, foaming gels, and post-shave balms to send to your recipient. Read our full review of Harry's here. HelloFresh: convenient, easy-to-cook, and delicious meal kits HelloFresh Gift a HelloFresh subscription, from $70HelloFresh is one of our top meal kit subscription choices because of its tasty dishes, creative features like "Dinner-to-Lunch" recipes, and accompanying wine club. There are plans and menus to suit all types of cooks and family sizes, from vegetarian couples to omnivore families of four. If HelloFresh doesn't look like it'll suit your recipient, check out the gift options from one of these services. Read our full review of HelloFresh here. Atlas Coffee Club: the ability to travel the world, one cup of coffee at a time Atlas Coffee Club Gift an Atlas Coffee Club subscription, from $50/3 monthsMore than one area of the globe boasts amazing coffee, and around-the-world subscription Atlas Coffee Club is out to prove that by sending coffee from a different region every month. Each order includes tailored brewing recommendations and a postcard with information about the country's coffee-growing methods so they'll fully appreciate the flavor and history of each cup. Read our full review of Atlas Coffee Club here. Book of the Month: the perfect gift for people who appreciate the feel of a physical book Book of the Month/Instagram Gift a Book of the Month subscription, $49.99/3 monthsThis national book club is still going strong after more than 90 years. Every month, the bookworm in your life can choose a hardcover from five new titles and settle into a story that, more often than not, goes on to gain national attention and win major literary awards. Read our full review of Book of the Month here. Cairn: outdoor products to get them prepared and excited to explore Cairn/Instagram Gift a Cairn subscription, from $34.99/monthA group of outdoor enthusiasts came together to start Cairn, a subscription box of up to six products to gear anyone up for hikes, camping, and other outdoor activities. Whether they are just starting a new outdoor hobby or have conquered trails across the country, they'll be inspired by the food, gear, and apparel in the box to stop wasting time and get outside. Read our full review of Cairn here. KitNipBox: toys and treats for their other best animal friend KitNipBox Gift a KitNipBox subscription, from $19.99/monthOf course, cats also deserve to be spoiled. The toys will entertain them for hours and the treats will keep their bellies full through lazy afternoon naps. KitNipBox supports more than 100 animal welfare organizations by donating a portion of proceeds and products every month. Read our full review of KitNipBox here. FabFitFun: the seasonal subscription box filled with the best full-sized products FabFitFun/Instagram Gift a FabFitFun gift card, $25-$300Curating eight to 10 full-sized, premium products across beauty, wellness, and fitness for only $49.99, FabFitFun sounds almost too good to be true. Members can customize their boxes and add on other products, enjoy exclusive offers and discounts from brand partners, and access workouts through FabFitFunTV. Read our full review of Fab Fit Fun here. KiwiCo: activity-filled boxes that make kids forget they're even learning Kiwi Co. Gift a Kiwi Crate subscription, $65/3 monthsThis kids' subscription is divided into eight different types of "crates" based on the age group. The Panda Crate (0-24 years old), for example, helps develop their imagination and fine motor skills; the Kiwi Crate (5-8 years old) blends crafts, science, and engineering into hands-on projects; and the Atlas Crate (6-11 years old) explores nature and art. Read our full review of Kiwi Co Panda Crate here. Stance: socks worn by NBA players, skateboarders, and musicians alike Stance/Instagram Gift a Stance subscription, $57/3 monthsAs a kid, no one was ever excited to receive socks, but it's a different story for adults — especially when the socks are as stylish and comfortable as Stance's. With celebrity investors like Will Smith, Dwayne Wade, Nas, and Jay-Z, Stance definitely has an aura of cool that translates into its socks. Read our full review of Stance here. Hint: delicious, healthy waters that kick their soda habit Hint/Facebook Gift the Hint Flavor of the Month Bundle Subscription, from $16.99/monthFans of this flavored water stock it in their pantries by the caseful. The calorie-, sugar-, and GMO-free water comes in refreshing flavors like watermelon and strawberry-kiwi, which they can rotate through with this drink subscription. Anyone who's bored with regular water but wants to stay hydrated and healthy will look forward to each month's delivery. Read our full review of Hint Water here. Causebox: products for the socially and environmentally conscious Julia Guerra/Insider Gift a Alltrue membership, $199.80/yearCausebox curates ethically made, vegan, and charitable products from the top socially conscious brands in beauty, fashion, wellness, home, and art. Each quarterly box has a retail value of more than $250 but only costs $49.95 and has the added benefit of doing good — for artisans, the environment, and your body. Read our full review of Alltrue here. The Sill: low-maintenance plants for budding green thumbs The Sill Gift The Sill's Plants for Beginners Subscription, $60/monthEven those with terrible histories of tending to plants can build a thriving garden with The Sill. Each month, the houseplant subscription delivers a hand-potted plant in a gorgeous earthenware planter in one of four colors of their choosing. Read our full review of The Sill here. Rent the Runway: designer clothing rentals for less Rent the Runway Gift a Rent the Runway membership, $69/monthRent the Runway's innovative model means they no longer have to waste money on clothes they'll wear once or twice. Another clothing subscription to consider is competing rental service Stitch Fix, which caters to personal styles and budgets. Read our full review of Rent the Runway here. Mouth: gourmet treats from makers you've never heard of Mouth Gift a Mouth subscription, from $47.75/monthGourmet PopTarts, single-origin chocolate, and unusual chips made in small batches by independent American makers fill the boxes from this elevated snack company. There are seven different subscriptions to choose from, including a Best of Mouth tasting sampler and the hyper-specific Pickles assortment. Vinyl Me, Please: exclusive vinyl records to build their collection Vinyl Me, Please/Instagram Gift a Vinyl Me, Please membership, $119/3 monthsAdding to their vinyl collection isn't difficult when they can choose one exclusive LP each month from a collection of Essentials, Classics, and Rap and Hip Hop. The three-month gift membership includes one bonus record, while the six- and 12-month ones include two bonus records.Read our full review of Vinyl Me, Please here. ArtSnacks: supplies for artists of all levels ArtSnacks Gift an ArtSnacks subscription, from $24/monthPart of the fun of being an artist is trying out new products and techniques. ArtSnacks' collection of four to five premium, limited-edition art products (brushes, pens, paint, paper) encourages artists to incorporate supplies and techniques they might not use otherwise. They can join in on the #artsnackschallenge by using only that month's products to create and share a work of art.  Goby: the first electric toothbrush they'll be excited to receive Goby/Instagram Gift a Goby gift card, $50-$100The gift of good oral care is both thoughtful and useful. The Goby electric toothbrush is vigorously thorough, with the ability to be switched between sensitive and standard modes. Choose the eye-catching monochrome or metallic style, and throw in the brush head subscription so they always have an effective brush head. Read our full review of Goby here. Next Big Idea Club: the best nonfiction books, as recommended by bestselling authors Next Big Idea Club/Facebook Gift a Next Big Idea Club Hardcover Book subscription, from $249/yearThe book selections from Next Big Idea Club are curated by some of the biggest names in business and psychology non-fiction. Your recipient will read only the books that really matter, receive course materials that delve deeper into the content, access exclusive interviews, and discuss learnings with fellow members. Read our full review of Next Big Idea here. Frank And Oak: stylish yet composed closet basics Frank & Oak/Instagram Gift a Frank And Oak Style Plan gift card, $25-$500Canadian clothing startup Frank And Oak offers Style Plans for both men and women who are looking to build the foundation of their closet with long-lasting, versatile basics. The box contains items like simple crew necks and button-downs they can't go wrong with, plus they're all ethically sourced and sustainably made. Read our full review of Frank and Oak here. Carnivore Club: cured meats to snack on Carnivore Club/Instagram Gift a Carnivore Club gift card, $25-$100Hopefully they'll invite you to the picnic after they receive a box of delicious, handcrafted cured meats from Carnivore Club. The local salami, prosciutto, pancetta, and other cured meats taste far better than the kind they get from the grocery store. The price ranges from $29.99 per box, and each contains four to six meats.  The Bouqs Co.: flower bouquets every week or every month, just because Bouqs Co. Gift a Bouqs Co. subscription, $40-$65/monthWe would never turn down a regular shipment of beautiful flowers to adorn our desks or tabletops. 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Universal Yums: snacks from a different country each month Universal Yums Gift a Universal Yums subscription, from $25/monthAnother delicious snack box option from Universal Yums, this one spotlights treats from a different country each month. Each box contains at 10-12 unique snacks, plus a guidebook with trivia and games from the country. Past boxes have featured snacks from Spain, Greece, Indonesia, and Israel. Read our full review of Universal Yums here. Facetory: the best Korean sheet masks Facetory/Facebook Gift a Facetory subscription, from $19.90/monthSoothing sheet masks are essential to an at-home spa day. Facetory sends high-quality Korean sheet masks for half their retail price. Made from unique ingredients like banana milk, yogurt, marine collagen, and 24 karat gold extract, they address a range of skin concerns and simply feel great on their skin. Read our full review of Facetory here. Breo Box: high-end and boutique brand name products Breo Box/Facebook Gift a Breo Box subscription, from $159/seasonPast boxes from Breo Box have included TRX fitness accessories, smart home devices and smartwatches, and Bluetooth headphones. The high-end products aren't geared toward any gender — as long as they appreciate quality everyday essentials, fitness and health gear, and tech, they'll love Breo Box. Read our full review of Breo Box here. Stitch Fix: an inclusive and personalized styling experience Stich Fix Gift a Stitch Fix gift card, $20-$1,000Stitch Fix offers the most styling options for different ages and body types: men, women, kids, plus size, maternity, and petite. The average price for men's and women's items is $55, but they can set their own budget to receive clothes they're comfortable with, and you can give a gift card in amounts up to $1,000. Read our full review of Stitch Fix here. Tippsy: premium Japanese sake from top breweries Tippsy Gift a Tippsy subscription, from $93/boxWhile you have plenty of wine clubs to choose from, other types of alcohol are quietly waiting in the background for their moment to shine. Sake is one example — it's harder and more expensive to find, and it lacks the mainstream education afforded to beer and wine. Tippsy sources its sake directly from the best Japanese breweries for a more affordable price and teaches your recipient everything they need to know to become a sake expert. Read our full review of Tippsy here. Candy Club: curated treats to satisfy a sweet tooth Candy Club Gift a Candy Club subscription, $29.99/monthGiftees with a hankering for something sweet will appreciate receiving a Fun Box with six 6-ounce candy cups. The brand partners with smaller artisans as well as famed candy shops for a curated selection of delicious treats every month based on a personalized flavor profile.  Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 10th, 2021

Inside the New Basketball League Paying High Schoolers Six-Figure Salaries

A lot is riding on Overtime Elite’s fate Most high school hoops players across America—if they’re lucky—travel to their games in a yellow school bus. They might—if they’re lucky—compete in front of the local junior college scout. But members of Overtime Elite, the new professional basketball league for 16-to-19-year old stars, arrive in style, to play before a far more influential audience. On a crisp autumn morning in Atlanta, more than two dozen Overtime Elite (OTE) pros, who make at least six-figure salaries, stepped off a stretch limo bus, one by one. The players entered the brand-new 103,000 sq.-ft. facility built by Overtime, a five-year-old digital sports media startup that developed a huge following after posting Zion Williamson’s high school dunks on Instagram. Waiting for them at OTE’s inaugural “pro day”: some 60 pro scouts, including reps from 29 out of 30 NBA teams, sitting along the sideline and behind the baskets. They leafed through the scouting packet provided by OTE, which included information like the wingspan and hand width of each player plus advanced statistics on their performances during preseason scrimmages, whispering to one another about which ones they were excited to see. [time-brightcove not-tgx=”true”] Andrew Hetherington for TIMEEmmanuel Maldonado, Ryan Bewley, Bryce Griggs, Jalen Lewis of Overtime Elite taking a quick break from warm ups at the practice courts at the OTE arena. Andrew Hetherington for TIMEPlayers stretch next to practice courts at the OTE arena. As the league’s coaching staff led players through NBA-style drills, the scouts eyed Amen and Ausar Thompson, a set of rangy 6-ft. 7-in. twins from Florida who skipped their senior year of high school to join OTE. The brothers made clever dribble moves, before driving down the lane to throw down thunderous dunks. “The Thompson twins are obviously top talents,” says ESPN draft guru Jonathan Givony, who was also in Atlanta for the OTE pro day. “Those guys are ready to be seriously considered as NBA draft picks.” OTE made a strong first impression, but the evaluators universally agreed that not all of the 26 OTE players in the gym were bound for the NBA. Given the supply of global talent chasing that dream, and the precious few spots available, elementary math suggests such an outcome is all but impossible. The coaching came across as high-level. Anton Marshand, a scout for the Cleveland Cavaliers, expects to make frequent trips to Atlanta this season. “For us to be able to evaluate them now and see their growth over time, that’s the key,” says Marshand. “It’s a pro environment.” Andrew Hetherington for TIMEAmen Thompson (#1) of Team OTE on the show court at the OTE arena. Andrew Hetherington for TIMEAusur Thompson and Amen Thompson chat after practice. OTE is launching at a landmark moment in the history of American sports. For decades, talented teenagers in fields like acting and music could monetize their unique gifts by signing lucrative, life-changing financial agreements. But archaic rules and attitudes largely kept athletes from doing the same, preventing them from cashing in until they reached major pro leagues like the NFL or the NBA. Those restrictions are now going the way of the peach basket. In June, the Supreme Court captured these shifting assumptions concerning athletic amateurism in a ruling that prevents the NCAA from capping education-related benefits. In a scathing concurring opinion, Justice Brett Kavanaugh wrote that the business model of the NCAA, an organization that has long kept college athletes from being paid—despite the millions in revenue many of them generate for their institutions—would be “flatly illegal in almost any other industry in America.” About a week later, the NCAA, with public opinion and the highest court in the land turning against its outdated notions of amateurism, relented, and allowed college athletes to profit off their names, images and likenesses. Read More: Why The NCAA Should Be Terrified Of Supreme Court Justice Kavanaugh’s Concurrence Naturally, businesses—many of them upstart tech platforms—have stepped into the fray, hoping to turn a profit by helping young athletes cash in on new opportunities. Brands like Icon Source, INFLCR and PWRFWD are promising to open up sponsorship opportunities, build social media presence and sell the merchandise of college athletes. A company called Opendorse aims to connect athletes with sponsorship opportunities—not unlike, say, how Uber connects drivers with riders, or Airbnb matches hosts and vacationers. With the loosening of name, image and likeness, or NIL, restrictions, Opendorse expects to quadruple its annual revenue in 2021 to more than $20 million. Tim Derdenger, a professor at the Carnegie Mellon Tepper School of Business, estimates that the NIL market for college athletes alone could reach more than $1 billion in five years. But by betting on the popularity of high school basketball players, Overtime is taking a more radical, and potentially transformative, approach. Overtime’s pitch to players: forget college basketball. OTE promises to pay six-figure salaries and offer access to high-level coaching and skill development in a sports-academy setting, to prepare athletes for a pro career. OTE has also hired teachers and academic administrators so that players can secure their high school diplomas. The operation has financial backing from an All-Star investor lineup, which includes Jeff Bezos’ Bezos Expeditions fund, Drake, Reddit co-founder Alexis Ohanian and a slew of NBA players like Kevin Durant, Carmelo Anthony and Trae Young. In March, Overtime raised $80 million. Andrew Hetherington for TIMEPlayers take classes at a WeWork space in the Buckhead neighborhood of Atlanta. Andrew Hetherington for TIMEBryce Griggs and TJ Clark leave the locker room on to the OTE practice courts in Atlanta. Signing with OTE isn’t a decision players take lightly. Under current NCAA rules, athletes with OTE contracts are classified as professional players who have forfeited any eligibility to play college basketball, an enterprise that, despite all its flaws, is a proven path to lifelong educational benefits and the NBA. If an OTE player does not make it to the NBA or secure a professional gig overseas, Overtime is pledging to kick in $100,000 to pay for a student’s college education. “You can’t beat that,” says Bryson Warren, a would-be high school junior from Arkansas who’s eligible for the 2024 NBA draft. “At the end of the day, I can still be a doctor and make NBA money.” For some, however, the OTE deal sounds almost too good to be true. At pro day, the same scouts who looked up to the ceiling of OTE’s airplane-hangar-size structure in wonder, asked the same question: How is OTE going to survive? The sports landscape is littered with failed professional leagues. Overtime has spent millions on a school, a coaching and basketball operations and performance staff rivaling that of NBA teams, not to mention salaries and housing for its players and a massive new structure. Dan Porter, Overtime’s CEO and co-founder, has heard all the skepticism. “Everyone wonders, What’s the business model?” he says. Porter points to OTE’s late-October opening weekend of games as a sign of the league’s promise: he says OTE content generated 23 million views, and 8.8 million total engagements, across social media. Andrew Hetherington for TIMEJai Smith of Team Elite makes his pre-game entrance on the inaugural night of games at the show court at the OTE arena. What’s more, now that top prospects can sign lucrative sponsorship deals while at proven collegiate powers like Duke, Kentucky, and Kansas, OTE may have to increase salary offers, further driving up its costs. And if Overtime’s marketing prowess helps the players build enough of a social media following to make OTE profitable, will that focus on building brands deter from their athletic development? OTE’s bottom line alone can’t thrive; the company needs to produce NBA draft picks. “We told kids when we recruited them,” says OTE director of scouting Tim Fuller, “our national championship is when you shake [NBA commissioner] Adam Silver’s hand.” A lot is riding on OTE’s fate. Success has potential to create economic empowerment and more options for young, mostly Black athletes who for far too long have been funneled into a system that mostly enriches white coaches and administrators, but not them. It could spawn copycats across sports (with the unintended consequence of further igniting the hyperspecialized, hypercompetitive $19 billion youth sports feeder system that often offers parents a false sense of their kids’ pro potential). OTE’s failure, however, might not cost just Bezos and Drake a rounding error of their overall wealth. Much worse, this disruptive idea could derail dreams. A new model OTE placed its recruiting call to Troy Thompson in the spring, at a fortuitous time. Troy’s twin sons, Amen and Ausar, had just played nearly 30 games over five weeks on the AAU circuit, where overuse injuries are becoming more common. The boys, who were based in Florida, had traveled to Illinois, Wisconsin, Arizona, Missouri and Georgia during this swing. They were able to showcase their ability, but the twins barely had time to practice on the all too common travel sports grind. Were they actually improving? “OTE called right when my mind was going, ‘O.K., I’ve got to find a way to slow this thing down,’” says Troy. The OTE offer—a six-figure salary, plus the emphasis on player development in an academy setting—sounded attractive. “It’s like we’re getting to fast-forward their dreams,” says Troy, who works in security. Ausar was on board. Amen, however, took a little more convincing. “He’s hardheaded,” Ausar says of his twin brother, who was sitting next to him during an OTE post–pro day brunch of pancakes, shrimp, lobster, grits and potatoes, served at a Georgia Tech off-campus apartment complex that houses the OTE players. (It abuts a golf course, and includes a leafy courtyard and a pool.) Amen was looking forward to chasing another high school state title. He had always dreamed of playing college basketball, even as a “one-and-done” player who enters the NBA draft after freshman year. Kansas, Florida, Auburn and Alabama had already offered the twins basketball scholarships, and Kentucky had reached out with interest. “It’s just what I’ve known,” Amen says of college basketball. “And it’s shown to be proven.” After “a million conversations,” says Amen, he was on board. He ultimately thought he had outgrown scholastic competition. In Atlanta, the Thompsons mention to TIME that they have just missed their final high school homecoming. But Amen insists he’s still going to prom. “I’m just going to walk in,” says Amen. He quickly realizes party crashing won’t be so simple. “As soon as I left the school, they didn’t let me shoot in the gym anymore,” says Amen. “So, actually, I will need to have a date [from the school] to prom.” Adjusting to Atlanta took some time. At first, Troy says, his sons complained about the OTE curfew. According to OTE’s dean of athlete experience and culture, former 10-year NBA veteran Damien Wilkins, during the week players must be in the residence building at 10 p.m., and in their apartments at 11 p.m. But Amen and Ausar have gotten accustomed to the rules, and they insist they have no regrets about forgoing their senior year of high school, and the potential to win a national championship in college, to join OTE. Troy believes them. “I guess they’re loving it where they are,” he says. “Because, guess what? Dad hardly ever gets a phone call.” The OTE weekday starts around 9 a.m. when the players arrive—on the limo bus—at school. (Starting in early November, classes will be held at the OTE facility; before then, while building construction was being completed, the classes took place at a WeWork space in Atlanta’s Buckhead neighborhood.) On an October day, one group of students are solving radical expressions in math; in social studies, a trio of players listen to a lecture about English colonial labor systems. A skeleton stands in a common area: the science teacher is reviewing anatomy. Students work on their “persuasive essays,” which they must turn into a 30–60 second commercial spot. Ausar, reading from a marble notebook, touts the benefits of water aerobics: “Who doesn’t love fun times in the pool?” Amen has picked stretching. “Remember, stretching over stress,” Amen says, snapping his fingers and pointing to the camera. Andrew Hetherington for TIMEPlayers take classes at a WeWork space in the Buckhead neighborhood of Atlanta. Andrew Hetherington for TIMEOvertime Elite players relax between classes at the WeWork space. Academics last around 3.5 to 4 hours a day, before the players grab lunch and head to basketball practice. Class sizes are small: the student-teacher ratio rarely exceeds 4 to 1. OTE’s academic head, Maisha Riddlesprigger—Washington, D.C’s. 2019 principal of the year—has heard too many times for her liking the assumption that OTE’s academic component serves as window dressing. “I think that comes from this deficit mindset that you can’t be an athlete and a scholar at the same time,” says Riddlesprigger. Veteran educator Marcus Harden, OTE’s senior administrator for academics and development, admits he worried that these high school juniors and seniors with healthy bank accounts and pro basketball ambitions would tune out classwork. And while some OTE players are more invested in school than others—fighting student phone-scrolling habits in class is an ongoing battle—Harden insists that overall, the students have exceeded expectations. “We would be negligent if we sent them out into the world with fake diplomas,” says Harden. “Even with the short day, I can say we’re doing this with integrity.” For the sake of students who might not make it in basketball, OTE must deliver on this promise. Still, former NBA player Len Elmore, a Harvard Law School grad and current senior lecturer at Columbia University’s sports management program, worries that even if the players who get injured or don’t pan out do return to college, they still might be worse off—savings accounts notwithstanding. “Come on, we’re talking about 17- and 18-year-olds who now have fizzled out at their dream,” says Elmore. “And now you expect them to go to a college that they were recruited by, or that they could have been recruited by, and enroll and go to class and watch other guys playing college basketball, knowing that they could have done that? That to me could also create some mental health issues.” ‘It’s lit’ When Porter, the OTE CEO, was head of digital at superagency WME in 2016, he spotted a shift in the way Gen-Z and younger millennials consumed sports content. Young people were less interested in sitting in front of a TV to watch live basketball or football games. They craved stories, personalities and highlights. They wanted it on demand, on their mobile devices, specifically on the social media platforms that spoke best to them, like Instagram. Porter co-founded Overtime late that year, focusing at first on high school basketball. A proprietary technology allowed videographers to shoot clips in gyms across the country and upload them to the cloud; the company’s social media editors fired off their favorite highlights. Williamson, who despite being built like an offensive lineman could throw down 360-degree slams on his comically inferior schoolboy competition, emerged as Overtime’s first star. The company built a young digitally-native cult following that has grown to more than 50 million followers across Instagram, TikTok, Snapchat, YouTube and other platforms. “If you are an ESPN or a traditional publisher, you can’t appeal to a young audience with a bunch of traditional sports programming,” says Porter. “You also can’t go on your accounts, and be like, ‘It’s lit,’ and a bunch of 50-year-old guys who are looking to figure out who they are going to start on their fantasy team are like, ‘I don’t understand what this is.’” Read more: As College Athletes Finally Start Cashing In, Entrepreneurs Big And Small Also Look To Score Overtime has since branched out into e-commerce, as well as longer-form programming, like a documentary about current Chicago Bears rookie quarterback Justin Fields that lives on YouTube (and attracted some 426,000 views). Blue-chip companies like Gatorade, McDonald’s and Nike have advertised on the platform; Rocket Mortgage sponsored a post in which Miami Dolphins rookie wide receiver Jaylen Waddle looks for houses in South Florida. When Overtime was recruiting former Sacramento Kings and Philadelphia 76ers exec Brandon Williams to run OTE’s basketball operations, Williams, who was previously unfamiliar with the brand, knew he needed to consider the offer when his 10-year-old son gushed over the Overtime stickers that were sitting on his desk—he told Dad Overtime was kind of a big deal. Later, when some little kid spotted Williams wearing an Overtime shirt at an airport, the boy curved his hands into an “O”—a reference to the Overtime logo—as if approving Williams’ youth cred. Andrew Hetherington for TIMEBryce Griggs of OTE with the ball during the inaugural night of games in the show court at the OTE arena. Andrew Hetherington for TIMEThe OTE bench watches the game at the show court at the OTE arena A few factors coalesced to give birth to Overtime Elite. For one thing, Porter got weary of hearing feedback from college basketball programs that they appreciated Overtime giving their recruits exposure on the high school level, since the schools could then capitalize on their popularity. “I’m like, ‘That’s good for you, but that’s not very good for me,’” says Porter. An Overtime-branded league could keep personalities in the company’s ecosystem and give the startup a valuable piece of intellectual property. And the experience of another early Overtime star, current Charlotte Hornets point guard LaMelo Ball, opened Porter’s eyes. Ball spent one of his high school years—and part of the season he would have typically spent in college before becoming eligible for the NBA draft—playing overseas in Lithuania and Australia. He became the third overall pick of the 2020 NBA draft, and won last season’s rookie of the year honors. To Porter, Ball’s experience proved that talented players were willing to try a different path to the NBA. Former NBA commissioner David Stern, who passed away in January 2020, initially told Porter and Overtime’s other co-founder, Zack Weiner, that they were crazy. Overtime already had a compelling core business, and Stern knew from experience the hassles of running a sports league. But Stern eventually came around to the idea; his son, Eric, is one of OTE’s investors. Overtime Elite has signed multiyear, multimillion-dollar sponsorship agreements with Gatorade and State Farm. Both companies have prominent signage at the 1,100-seat “OTE Arena,” which is also part of the 103,000-sq.- ft. structure in Atlanta. OTE’s showcase court, which hosted its first set of games on Oct. 29, features LED lights and a Jumbotron. Topps is producing trading cards for OTE players; Porter says that “hundreds of thousands of dollars’” worth of cards have already sold, and that they should start appearing in Walmart, and hopefully Target, in December or January. Some NFT initiatives are sure to follow. OTE is not live-streaming games yet—Porter wants to create scarcity and buzz—but the content team is creating a mix of highlight packages and an episodic behind-the-scenes docuseries on the players. Overtime—which has yet to turn a profit—expects annual revenue to reach up to $300 million in five years, with Overtime Elite bringing in about a third of that haul. The company, and its investors, are betting that Overtime’s built-in brand notoriety and audience will differentiate OTE from other upstart sports leagues that have failed. “We don’t have that same kind of cold-start problem,” says Porter. ‘Dunk lines for content’ But the high stakes aren’t limited to Overtime’s bottom line. Players are placing their futures in the company’s hands, which puts the onus on OTE’s basketball development staff to ensure that, at worst, each player receives at least a lucrative pro offer overseas. The players do have impressive tools at their disposal. During one practice, for example, a biomechanical engineering Ph.D. rushes to tuck a microchip into the shorts of a few players: this technology allows OTE’s four-person analytics and data science team, led by applied math PhD. and former Philadelphia 76ers researcher Ivana Seric, to track how far and fast players move during practices. This information allows the coaches to better control wear and tear. Cameras atop each shot clock on the OTE practice courts can show, for example, how far to the left or right players are missing their shots. They can adjust accordingly. A 10-person on-court coaching staff, led by former UConn coach Kevin Ollie (who won the 2014 men’s national championship with the Huskies) fans out at four different baskets during practice, allowing players to work on team concepts, like defending screens and pick-and-rolls, and individual skills (they take ample corner threes and floaters, both key tricks of the NBA trade). Like any upstart, however, OTE has experienced hiccups. When Porter came to visit the academic session, a couple of players were unafraid to point out to him that the flimsy boxed roast beef and cheese sandwiches served for lunch—they may have fit it at the Fyre Festival—were subpar nourishment before practice. “This looks scary,” Porter admitted, eyeing the sandwich. “I wouldn’t eat it.” OTE launched in March, and settled on Atlanta as its home in May, meaning the facility, which comes chock-full of amenities like two oversize bathtubs for recovery and a players’ lounge and NFL-size weight room—as well as classroom and office space—needed to be constructed in five months. A few days before OTE’s opening games Halloween weekend, Ollie shouted instructions at practice over hardhats’ drilling; construction detritus forced one door to remain open, allowing a cool Georgia draft to accompany the players on the practice floor. Andrew Hetherington for TIMEKevin Ollie, Head Coach and Director of Player Development of the OTE coaches Team Elite during the inaugural night of games at the show court at the OTE arena. Andrew Hetherington for TIMEYoung fans in the stands watch the action at the OTE arena. While OTE deserves credit for executing its vision so quickly, it could be trying too much too soon. “They’re kind of building the parachute after they jumped out of the plane here,” says Dr. Marcus Elliott, founder and director of P3, a southern California-based sports science institute that provides advanced biomechanical analyses of elite athletes. Ollie was unhappy with this team’s effort at the first practice after pro day—and let the players know it. The energy was far from NBA-level, he told them. This scolding didn’t stop some of the players from lining up near a basket afterward, to show off their leaping ability for Overtime’s ubiquitous cameras. “Dunk lines for content,” said an OTE staffer who was looking on. Dunk lines for content. You probably couldn’t find a more fitting phrase to encapsulate the year 2021 in sports media and culture. Or a more spot-on reminder that kids are placing their basketball gifts in the hands of a digital marketing juggernaut. “I see the potential of this disruption to lead to a much more just and better world for these young athletes,” says Elliott. “But I also see lots of peril. It’s not about getting paid 100 grand to play as a 16- or 17-year-old. It’s about getting your second or third contract in the NBA. And those are challenging and sophisticated blueprints to put together. And so the fact that their DNA has nothing to do with development, that’s concerning.” Andrew Hetherington for TIMEA player hangs onto the net at the OTE practice courts. Overtime insists all incentives align. The company has hired experts like Ollie and the data scientists because the growth of OTE’s business hinges on the Thompson twins, and others, achieving their basketball dreams. After practice, Amen watches film with an OTE assistant coach; Ausar takes part in a small group shooting session that ends at 6 p.m. They both know that to make it to the next level, they must improve on their outside shooting. “I’m going to be in the gym,” says Ausar. “I have nothing better to do. I don’t do anything in Atlanta. I just chill in my room and watch basketball.” Amen and Ausar have talked to each other about backup careers; they both believe they’d be solid hoops commentators. But that can wait. When asked where they both see themselves in two years, neither brother hesitates. Nor do any of the OTE players when asked about their futures. “The NBA.”.....»»

Category: topSource: timeNov 9th, 2021

2 Stocks for Long-Term Investors to Buy in November

Today, we dive into two stocks to consider buying in November heading into their upcoming earnings results... The early-November market momentum continued mid-week after the Federal Reserve provided clarity on its tapering plans. Stocks then climbed again Thursday, with the Nasdaq and the S&P 500 both setting new records once again.The S&P 500 has now jumped over 8% in the last month, while the Nasdaq has surged nearly 12% since it began to bounce out of oversold technical levels on October 4. The Dow has also popped roughly 6% during this stretch.The recent positivity came after the Fed approved plans to begin scaling back its bond-buying this month. The central bank hopes to end its run of stimulus-focused bond purchases by June, while leaving interest rates unchanged during this stretch.The market reacted positively to the Fed’s updates and continued to show its love for the stronger-than-projected third quarter earnings season. Wall Street pushed the market to records despite rising prices and supply chain bottlenecks because these headwinds haven’t materialized in the broader S&P 500 margins picture for this year and beyond, at least not yet.Plus, the consumer-driven U.S. economy flashed signs of a comeback to start the fourth quarter, with some solid retail-based data in October. All that said, stocks could face some near-term selling pressure after the huge month-long run has things a bit overheated.Still, investors with long-term horizons should always remain on the hunt for strong stocks because market timing is extremely difficult. Today, we dive into two stocks to consider buying heading into their upcoming earnings results…Yeti Holdings, Inc. YETI – (Q3 FY21 Results Due November 11)Yeti grew its customer base for its rugged, reliable, and simply-branded coolers that cost up to $1,300 by expanding way beyond its massive white coolers. Today, the firm sells a growing array of styles, sizes, and colors. It also sells multi-purpose buckets, gear-boxes, outdoor chairs, dog bowls, and more.The star of its growing portfolio is drinkware. The unit includes tumblers, mugs, bottles, jugs, and other items and it accounted for nearly 60% of total FY20 revenue.Yeti has also ventured deeper into the bag market, rolling out more luggage, backpacks, and duffels. Wall Street might start to focus more on Yeti’s opportunity to compete against the likes of Away and other popular and expensive travel bags. Its diversified portfolio helped it grow its revenue by 20% to $1.1 billion last year, with direct-to-consumer sales up 50% to account for nearly half of sales.Along with its vital DTC business, its wholesale unit remains solid and it sells to the likes of Dick’s Sporting Goods DKS, Walmart WMT, and beyond.Yeti has slowly built out its brick-and-mortar business outside of its flagship store in Austin, Texas. Overall, Yeti is part of a group of newer, higher-end brands thriving in the Amazon AMZN era that includes the likes of Lululemon LULU and Peloton PTON. Image Source: Zacks Investment ResearchYeti management has upped its guidance in 2021 despite supply chain setbacks and it’s poised to benefit from strong consumer spending, highlighted by pent-up demand, especially amid higher-income households who can afford $40 mugs and $300-plus coolers. Zacks estimates call for Yeti’s FY21 sales to surge 28% to reach $1.40 billion, with FY22 revenue projected to climb another 16% higher.The company’s adjusted earnings are projected to jump 33% this year and another 17% in 2022. Yeti topped our EPS estimates by an average of 44% in the last four periods. And its most recent Q3 earnings estimate comes in 5% above consensus. Yeti is also part of the Leisure & Recreation division that sits in the top 20% of over 250 Zacks industries as we enter the heart of the holiday shopping season.  Yeti currently lands a Zacks Rank #3 (Hold) and seven of the 10 brokerage recommendations Zacks has are either “Strong Buys’ or “Buys,” with nothing below a “Hold.” Yeti shares have soared since their 2018 IPO and are up 60% in 2021. This includes a nearly 30% climb since the early part of October, as investors piled back into Yeti and many other names after they reached oversold technical levels.   Yeti broke records again on Thursday of roughly $107 a share, and its consensus price target still marks upside to its closing price. On top of that, it’s trading at a 10% discount to its own year-long high in terms of forward earnings.The stock could face a near-term pullback given its run and some investors might want to wait for the dust to settle after its report. But those with long-term horizons don’t need to focus as much on market timing.Fiverr FVRR – (Q3 FY21 Results Due November 10)Fiverr began creating an on-demand, e-commerce-esque experience that “makes working with freelancers as easy as buying something on Amazon” roughly 10 years ago. FVRR aims to connect small businesses and other organizations with people and freelancers for defined “Gigs,” from graphic design and programming to digital marketing and translation.Fiverr’s platform is focused on business-to-business style digital services. The company’s digital service catalog has expanded from eight categories to over 500, across nearly 9 verticals for almost anything digitally-based.The firm stresses that businesses aren’t hiring temp workers. Instead, they are buying defined, service-based products, with transparent pricing and due dates. Firms can easily browse and search for various options for whatever it is they need via broader or refined search parameters. The platform is equally appealing for freelancers.Fiverr is slowly expanding its reach through some acquisitions. And the coronavirus highlighted the possibilities of the work wherever, whenever world and showcased the continued growth of e-commerce. More importantly, a hybrid working life could certainly be the long-term future of many.Image Source: Zacks Investment ResearchFVRR’s revenue jumped 41% in 2019 and 77% in 2020. The firm said that during the 12-month period ended in June that 4 million customers bought a wide range of services from freelancers across more than 160 countries.The economic reopening has impacted its business. Nonetheless, Zacks estimates call for its revenue to climb 51% in 2021 and another 34% in 2022 to reach $382.5 million.Fiverr’s adjusted earnings are projected to slip from $0.29 a share to $0.02 this year. But Wall Street might soon turn its focus to its FY22 expectations that call for a massive jump all the way to $1.15 a share.The company has also crushed our bottom-line estimates in the trailing four periods, including a 46% Q2 beat. And four of the eight brokerage recommendations we have are either “Strong Buys” or “Buys,” with only one “Sell”-level ranking.FVRR, which went public in the summer of 2019, was one of the coronavirus high-flyers, having skyrocketed from $25 a share in March 2020 to over $300 by February. The stock was clearly due for a huge pullback and it closed regular trading Thursday 50% below its records at $164 a share.Fiverr is also closing in on oversold RSI levels (30 or under) at 33. And its Zacks consensus price target of $215 a share marks 30% upside to its current levels. It is also trading at new 12-month lows in terms of forward sales. All of this could provide Fiverr with plenty of growth runway. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report YETI Holdings, Inc. (YETI): Free Stock Analysis Report Fiverr International (FVRR): Free Stock Analysis Report Peloton Interactive, Inc. (PTON): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksNov 8th, 2021

The best places to shop for cashmere sweaters are more affordable than you think

It's not easy to find cashmere sweaters that are affordable and high quality, but we've done the research and testing for you. Here are our favorites. When you buy through our links, Insider may earn an affiliate commission. Learn more. J.Crew Cashmere sweaters are a wardrobe staple you'll have for years to come. While cashmere sweaters are usually ultra-expensive, new startups are making them more affordable. Our favorite places to shop for cashmere sweaters include Everlane, Naadam, Quince, and Cuyana. There's a reason why cashmere sweaters typically cost a pretty penny. The process of creating these cozy toppers is an intense, time-consuming process, as Business Insider highlighted after visiting a cashmere factor last year. But recently, a new class of sweater startups is changing the game, offering quality cashmere at relatively affordable prices. While luxury cashmere is still sometimes worth the cash, these brands are perfect for folks looking to stock up without emptying their bank account. And if you're open to cashmere blends, you can spend even less. The brands on this list prioritize sustainability, affordability, wearability, or a combination of all three, making them your new go-to spots for reviving your cashmere wardrobe. A note on fitThis guide is focused on sweaters that were designed for cisgender women. What the industry calls "women's sweaters" has everything to do with the fit, shape, and style of how these pieces are designed. Sweaters that are designed for women tend to be smaller and less boxy than those designed for men. However, we think anyone should feel free to wear any type of sweater, regardless of gender or how the clothing is labeled. If you're more interested in a boxy, oversized style, you might want to shop for cashmere sweaters designed for men.Here are the best places to buy cashmere sweaters: Table of Contents: Masthead Sticky Everlane Everlane Everlane offers subtle updates on traditional cashmere sweater styles with a great price tag.We talk about Everlane often. The brand's quality and attention to design are unparalleled for the prices. The company's transparency model means you'll get designer-level goods at mid-level cost to your wallet.Everlane is our favorite place to get women's sweaters in general, and the cashmere range is no exception. Everlane's Grade-A cashmere from Mongolia runs from $120 to $195 and in sizes XXS to XXXL. The most popular and versatile style, The Cashmere Crew, is one of the cheapest and best options. Several of us at Insider Reviews own and love the Cashmere Crew, with senior reporter Mara Leighton calling it the backbone of her fall and winter wardrobe.What to buy:Cashmere Crew (small)The Cashmere Square Turtleneck (small)Cashmere Collared Sweater (small) Naadam Naadam/Facebook If sustainability is a top concern, Naadam is about to become your new favorite sweater brand."Democratizing cashmere" is the tagline on the Naadam homepage — and that's what the brand claims to do with its range of sustainable knits. One of Naadam's most popular items is a $75 crewneck cashmere sweater, a price the company says it can offer thanks to a lean D2C business model. Styles such as a long open-front cardigan and a wide-sleeved kimono are priced at $225.In addition to 100% cashmere, the brand offers blended knits like wool-cashmere, silk-cashmere, and cotton-cashmere. There's a wide variety of styles and color options and a size range of XXS to XXL.The sweaters are mostly simple in design, but their means of production is unique. Sourced from Mongolian goats, Naadam's cashmere is hand-combed and produced in facilities powered by 100% clean energy. The brand also claims to pay herders "50% more than traditional traders." Cashmere that's as ethical as it is cozy? Sign us up! What to buy: Essential $75 Cashmere Sweater (Women's) (small)Cashmere Cropped Tank Top (small)Cashmere Cropped V-Neck Sweater (small) Land's End Land's End Lands' End turns its flair for long-lasting classic designs to cashmere sweaters in a wide range of sizes. Cashmere sweater options in plus sizes are unfortunately few and far between. Lands' End has a variety of classic styles in a slightly superior size range to many cashmere sweater brands on the market.Now the brand isn't necessarily known for its trendy styles. But this is the place to go if you're looking to expand your cashmere selection without breaking the bank — or if you're more interested in classic, minimal styles of sweaters. A favorite is the Cashmere Crewneck. It comes in a rainbow of colors and fits up to a size 18. The brand's Plus Size Cardigan is another classic and nips into the waist for a more fitted silhouette. The cashmere at Land's End typically sits on the more expensive end of the spectrum, but the brand is also known for hosting sales often.What to buy: Women's Cashmere Crewneck Sweater (small)Women's Plus Size Cashmere Crewneck Sweater - Jacquard (small)Women's Plus Size Cashmere Cardigan Sweater (small)Petite Cashmere Short Sleeve Crewneck Sweater (small) J.Crew J. Crew J.Crew is your one-stop shop for fun cashmere sweaters that go beyond your average camel-colored pullovers.If you want your cashmere sweater with a side of whimsy, hit up J.Crew. The ultimate business casual purveyor produces some of the most delightfully tricked-out knits in the business. Yes, you can take your pick of solid-colored turtlenecks and crewnecks at J.Crew's Cashmere Shop, but if it's a pattern you crave, you're also in the right place.J.Crew has partnered with the Aid by Trade Foundation to help promote sustainable agricultural development — including sustainable cashmere production. The brand is actually the first US member of the foundation and is certified under the AbTF's The Good Cashmere Standard. This ensures the welfare of cashmere goats, protects natural resources, and improves the working conditions of cashmere producers. J.Crew also has a surprisingly inclusive size range, with sweaters sizing up to a 3XL, or a size 24. And thanks to the brand's regular sales, you can typically get these cozy tops on the cheap.What to buy:Cashmere Fair Isle Crewneck Sweater (small)Cashmere Classic Fit Crewneck Sweater (small)Striped Wool & Recycled Cashmere Relaxed Turtleneck Sweater (small) Cuyana Cuyana For premium cashmere that costs less than rent, check out Insider Reviews-approved brand Cuyana.If you're ready to invest in premium cashmere but don't want to shell out hundreds and hundreds of dollars for a turtleneck, check out Cuyana.The brand sells some 100% Italian cashmere options such as its $295 Asymmetrical Turtleneck Sweater and $265 long Open Cashmere Cardigan, as well as a number of cashmere-blend sweaters, like turtlenecks, V-necks, and crewnecks.The brand also offers its own collection of recycled cashmere styles. No matter which you choose, you won't want to take it off once the temperatures drop below freezing. And the styles range from classic cuts to more trend-forward styles. Cuyana's cashmere is definitely on the pricier side, but you get what you pay for; everything is well-made and completely wearable. These are investment pieces you'll want to wear for years to come. What to buy: Asymmetrical Turtleneck Sweater (small)Recycled Cashmere Crewneck Sweater (small)Recycled Cashmere Soft Wrap Sweater (small) Quince Quince By cutting out the middle man and handling every detail of the manufacturing process itself, Quince is able to market its cashmere for just $50. Quince is a minimalist's dream, offering up gorgeous, classic cashmere pieces for wallet-friendly prices. The brand, which was created from the ethos that nice things shouldn't be expensive, is home to the cozy $50 Cashmere Crew. Unlike other cashmere crews, this one is more fitted, making it perfect for tucking into jeans and skirts.Senior editor Maria Del Russo calls Quince's Mongolian Cashmere Cardigan one of her favorite pieces in her closet. "I'd be scouring vintage shops for the perfect toss-on-and-go cardigan that I could wear with a tee or on its own, and this was the first one that checked all the boxes," she says. Just to prove how affordable its pieces are, Quince has a price matching tool on each of its product pages that shows you what you'd pay at a competitor — including some of the brands on this list. And while it's known for its sweaters, it also has other cashmere offerings, from scarves to beanies. Quince could stand to expand its sizing (it currently only has XS-XL), but it's a great place to stock up on the basics without breaking the bank. What to buy:Mongolian Cashmere Cardigan (small)Mongolian Cashmere Crew (small)Mongolian Cashmere Full-Zip Hoodie (small)Mongolian Shrunken Cashmere Sweatshirt (small) Italic Italic/Facebook Italic's products are manufactured at the same factories as big-name luxury brands but have prices that are 50%-80% less. Italic is a marketplace for clothing, accessories, home goods, and more that use the same manufacturers as brands like Burberry, Rag & Bone, and Prada. But, by skipping the brand name, you'll pay significantly less for similar quality. Though the size range is fairly limited at XS-XL, there is a wide selection of cashmere sweater styles and colors to choose from. I've been wearing Italic's cashmere jogger set for the last few months and while I found the sizing a bit inconsistent for the jogger pants, I've been wearing the hoodie multiple times a week. All of the sweaters are currently under $100 and most are produced by the same makers of Sandro and Maje. —Ashley Phillips, style and beauty editorWhat to buy:Women's Cashmere Hoodie (small)Cashmere Relaxed Turtleneck Sweater (small)Essential Cashmere Crewneck Sweater (small) Frances Austen Frances Austen/Facebook Through its direct-to-consumer model, Frances Austen delivers heirloom-quality cashmere sweaters for hundreds less than you'd find elsewhere. Frances Austen was founded with the intention of creating heritage cashmere that can be worn for a lifetime — and then passed down to the next generation. The sweaters are made in Scotland at the storied Johnston of Elgins cashmere factory and use Italian-spun yarn. Though pricier than most brands on our list at $195-$455, the heirloom quality could demand as much as $1,000 elsewhere. And, if at any point you find a hole smaller than the size of a quarter in your sweater, Frances Austen will send it off to Scotland for repair.Keeping with the idea that you'll be wearing the knits for many years, the styles come in a tight assortment of classic silhouettes and colors. I've owned the Reversible V sweater for more than two years now and not only is it still in great shape but it's gotten a ton of use because of its two-in-one design. Like Quince, my one qualm is that the sizing options are currently limited to XS-L. —Ashley Phillips, style and beauty editorWhat to buy:Reversible V Sweater (small)The Classic Crew Neck Cashmere Sweater (small)The Classic Cashmere Colorblocked Cardigan (small) Check out our buying guides for women's style DSTLD Leather Moto Jacket The best feminine leather jacketsThe best feminine winter coatsThe best brasThe best feminine winter boots Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 5th, 2021

Bond Market Volatility Surges To 18-Month-Highs Ahead Of Fed Taper Talk

Bond Market Volatility Surges To 18-Month-Highs Ahead Of Fed Taper Talk As LongTail Alpha's founder, Vineer Bhansali, notes, pension fund managers have started asking him for guidance on how to best protect their portfolios against interest-rate volatility. “That tells you they are getting worried,” he says. At some point, he adds, “markets are just going to break in some parts. It will be a fun time to trade.” Nowhere is that fear more evident currently than in Treasury bond options markets. The MOVE Index, akin to the VIX index on Treasuries, is spiking, signaling investors are increasingly worried about immediate risk surrounding tomorrow's Fed announcement, most specifically Powell's potential plans to taper bond purchases. (The MOVE Index is a yield-curve weighted index of the normalized implied volatility on 1-month Treasury options. It incorporates the weighted average of vols on the current 2Y, 5Y, 10Y, & 30Y bond.) The spike in the index to the highest levels since April 2020 suggests some front-running in Treasuries is taking place, brokers told Bloomberg's Alyce Andres (but it could also be linked to major dislocations and low liquidity in the back end of the curve). Meanwhile, the VIX Index, pricing expected volatility of the S&P 500, trades around 16. In April 2020, when the MOVE Index was near current levels, the VIX was trading at almost 50. Interestingly, MOVE has normalized back to pre-COVID levels relative to VIX here... Bloomberg also notes that last week's massive cheapening in the 20Y bond (and inversion to the 30Y) continues to see aftershocks (reportedly forcing relative-value and hedge funds to liquidate paper, brokers confirm). The 5s30s curve has collapsed... And 20s30s is inverted for the first time ever... Bear Traps recently summarized this dynamic perfectly: For much of the last two years, price discovery across global government bond yield curves has been suppressed. As we stressed in recent months, "Adam Smith's hands are being tied behind his back." Free markets have not existed in a covid world.  Now central banks are pulling away and the moves across the front and long-end of yield curves are colossal. It's ALL ABOUT the rate of change. In macro rates, the body bags are piling up this week. The losses are enormous across this section of the hedge fund community. As one large whale gets stopped out, he takes the smaller players with him / her. There is a lot more risk out there than meets the eye. In US rates, the 20 and 30-year bonds both yield 1.77%, we touched inversion today. We are NOT seeing real economic growth, bonds are telling us real demand destruction is here. Inflation has already hiked rates 200bps for the Fed. So what happens next? We recently put it all together: The liquidity in what is supposed to be the deepest, most liquid market in the world, is collapsing. In a time when the Fed is still injecting $120BN in liquidity every month, we just observed an event that has only happened on prior previous occasions - Oct 2nd 2017, Aug 19th 2020 and Feb 25th 2021. One can only imagine what happens to liquidity when the Fed begins to taper. As liquidity evaporates, rate vol is accelerating and dislocations across the yield curve accelerate, with bond vol surging while equity vol is completely ignoring the turmoil in the bond market. Eventually equity vol catches up to rates. Some extremely levered multistrat hedge funds are reprising LTCM and piling into treasury/futures basis trades - the same trades that blew up spectacularly in Sept 2019 and March 2020. As hedge funds pile into new flattener basis trades, others are liquidating basis steepeners, in some cases at huge margin call inducing losses, which force them to liquidate other performing assets. A positive feedback loop emerges as liquidity shrinks further while volatility rises as the basis trade funnel gets wider, and more enter while those hoping to exit hold off until the last moment. We hit a tipping point where all basis trades are no longer viable as there is simply not enough liquidity to put new trades on. That's the moment everyone starts rushing for the exits, and as Sept 2019 and March 2020 showed us, that's precisely the catalyst for a cross-asset crash, as basis trading funds scramble to boost liquidity while repo markets lock up. The result is a surge in volatility in underlying assets (TSYs), but also a freeze in the funding pathways (i.e. repo) that are used by the funds to fund said trades. Eventually, Fed steps in to bail out some of the world's richest hedge fund managers, usually under the guise of some social calamity, like - for example - a viral pandemic. We are currently toward the end of step 6 of this checklist. Tyler Durden Tue, 11/02/2021 - 10:45.....»»

Category: blogSource: zerohedgeNov 2nd, 2021

19 luxury gifts for her, from a high-tech curling iron to an ultra-soft cashmere scarf

If you're looking to go luxe this holiday season, we put together a list of gift ideas that'll upgrade her home, wardrobe, workouts, and more. When you buy through our links, Insider may earn an affiliate commission. Learn more. Senreve, Instagram You don't have to spend a lot to give a great gift, but some items are worth upping the budget for. If you're looking to splurge this year, we found plenty of gift ideas in every category. From a high-tech toothbrush to a cashmere travel scarf, check out the best luxury gifts for her. A great gift doesn't have to be expensive, but if your budget has room to spare, there are plenty of luxury gift ideas out there that deliver on both quality and value. Whether it's an investment piece she'll wear every day, like a diamond necklace, or an elevated version of a closet staple, like a cashmere sweatsuit, we found the gifts she can use now and for years to come. Ahead, check out 19 luxury gifts to upgrade her home, wardrobe, workout routine, and more.19 luxury gifts for her this holiday: A cozy cashmere loungewear set Naadam Naadam Recycled Cashmere Hoodie, $195Naadam Recycled Cashmere Jogger, $195Nadaam's recycled cashmere set is a far cry from basic cotton sweats. Upgrade her loungewear drawer with this WFH-approved hoodie and jogger that come in six colors and sizes XXS-3X. She can pair the hoodie with jeans and sneakers too. A versatile, high-quality bag Senreve, Instagram Senreve Maestra Mini, $695Senreve's extremely coveted convertible backpack is likely something they've already had their eye on but wouldn't splurge on themselves. The Maestra comes in three sizes — we recommend the Mini for everyday use, but if they're in the market for a work bag in the future, the largest version (pictured above, $895) is their best bet. A pair of handmade Italian loafers M.Gemi M.Gemi Felize drivers, $198M.Gemi's Felize loafers have garnered waitlists in the thousands, and we count ourselves as one of the many fans of the classic loafer style. Each pair is made by hand in Tuscany, and there are plenty of color options to choose from. Preserved roses that last an entire year Neiman Marcus Venus et Fleur Classic Mini Square Rose Box, $84Most rose bouquets only last around a week, but this one from Venus et Fleur features real, preserved roses that can be enjoyed for an entire year.  A bedding upgrade that feels like sleeping on clouds Boll & Branch Boll & Branch Signature Hemmed Sheet Set, $188Boll & Branch's bestselling sheet set will transform her bed into a relaxing oasis with its long-staple, lightweight organic cotton. Choose from eight serene colors that include white, gray, sand, and light blue. A portable massager to soothe tired muscles Amazon Theragun Mini Portable Massage Gun, $199Help her recover from tough workouts quicker with this portable version of the popular Theragun. It's perfectly sized for stashing in a gym bag and has three speeds and a 150-minute battery life. A limited-edition fragrance and lipstick set Nordstrom Tom Ford Rose Prick Eau de Parfum & Lip Color Set, $368If she's a Tom Ford fan, she'll be thrilled by this limited edition set that includes a stunning lip color and a luxe fragrance inspired by Ford's personal rose garden. Plus, the matching box makes it ready to gift. A diamond necklace to wear every single day Italic Italic Diamond Solitaire Necklace, $260Italic creates luxury products in the same manufacturing facilities as designer brands but without the markup. This solid 14-karat gold and diamond pendant is dainty enough that she'll never have to take it off. Read our full review of Italic here. A nice pair of headphones for working from home Amazon Bose Noise Cancelling Wireless Headphones 700 with Alexa Voice Control, $379If she spends her day on Zoom calls then a pair of quality headphones is a must. Bose makes some of the best, and this comfortable over-ear style is even equipped with Alexa voice control. A silk pillowcase that better for hair and skin Nordstrom slip Pillowcase & Hair Tie Set, $95Give the gift of beauty sleep with a luxe silk pillowcase that not only feels great but lets her wake up to less frizz. This set from Slip also includes three silk scrunchies that are way less harsh on hair than traditional elastics. The hair tool at the top of her wishlist Nordstrom Dyson Airwrap Complete Styler, $599.99Dyson's Airwrap is one of the most in-demand beauty tools for its low-heat technology and many attachments that let you create different looks. This holiday season, you'll find it in a limited edition Prussian Blue color that makes it all the more covetable. Read our full review of the Dyson Airwrap here. A personalized duffle for weekend trips Paravel Paravel Main Line Duffle, from $285No matter where she's headed, you'll help her travel in style with this customized duffle from Paravel, a sustainable luggage startup founded by a former fashion exec. A skincare trio from a cult-favorite brand Nordstrom Charlotte Tilbury Magic Skincare Wardrobe, $70Charlotte Tilbury's Magic Cream lives up to the name — we know because we've tried it. This gift set comes with three variations of the cult-favorite cream, each of which delivers serious hydration. The softest pajamas she’s ever owned Cosabella Cosabella Bella Long Sleeve Pajama Set, $133When it comes to gifting, it's hard to go wrong with a nice pair of pajamas. This classic style is made from soft cotton and modal that makes getting ready for bed something to look forward to. Choose from 10 colors and regular or petite lengths. A limited-edition candle set Nordstrom Diptyque Candle Set, $126Any Diptyque candle is an excellent gift idea, but you'll wow with this limited-edition trio that features winter scents and glass vessels that are specked with real gold. An espresso machine Williams Sonoma Nespresso Pixie Espresso Machine, $269.99A fresh shot of espresso is only ever a few seconds away with the Nespresso Pixie machine. The pod system lets her get her caffeine fix with just the push of a button, and its compact size is suitable for most kitchen spaces. An oversized cashmere scarf to keep forever Amazon White+Warren Cashmere Travel Wrap, $315White + Warren's Cashmere Travel Wrap has amassed a following for its oversized design that doubles as a travel blanket. It's pricey, but the cashmere is extremely cozy and she'll be wearing it for years. A fancy electric toothbrush Amazon Philips Sonicare ExpertClean 7500 Electric Toothbrush, $169.95Toothbrushing feels more like an experience than a chore with this feature-packed model from Sonicare. Along with four brushing modes and three intensity settings, it can connect to an app to track and encourage better brushing habits.  A leather moto jacket Universal Standard Universal Standard Leeron Leather Moto Jacket, $448The versatility of a leather jacket makes it one of the best wardrobe investments there is, and a surprisingly practical gift. This moto style is one of our favorites, and it's available in sizes 00 to 40. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 28th, 2021

The 8 best women"s loafers that will be the foundation of your shoe wardrobe

Loafers are a closet workhorse that can be dressed up or down to fit most occasions. Here are our all-time favorite pairs for women. When you buy through our links, Insider may earn an affiliate commission. Learn more. Everlane; M.Gemi; Rothy’s; Margaux; Gucci; Insider Loafers are a classic shoe and come in endless variations. Below are our all-time favorite pairs from brands like Everlane and Margaux. For other shoe styles, check out our guides to the best flats and best white sneakers. Table of Contents: Masthead StickyLoafers, like a great pair of flats, are rare in their sheer versatility and practicality. You can wear them with trousers and workwear, jeans and tees, dresses, shorts, and everything in-between. And, with the right pair, your feet won't hate you after a long day out.From classic leather pairs that can be dressed up for work, to chunky lug-sole styles made for bolder looks, you'll find our picks for the best women's loafers below.And a quick note on pricing: We think it's worth spending a bit more money for high-quality loafers that won't give you those horrible back-of-the-heel blisters. They are, after all, a timeless shoe, which means the extra cost won't go wasted on a fleeting trend.Here are 8 of the best loafers you can shop: Everlane The Modern Loafer Everlane Color options: black and camelSizing options: 5-11Everlane recently reintroduced its Modern Loafer with an updated look and fit, and the new version is definitely better than the old. The toe is slightly more rounded so your toes have more room to wiggle, and the leather is a bit more flexible. I haven't gotten a blister yet from wearing them, which is more than I can say for the old pair. A stacked wood heel gives them a casual vibe, and the rubberized sole prevents slipping and sliding on slick floors. For sizing, these come in whole and half sizes. I always order a size 8 at Everlane even though I'm often a 7.5 in other brands. If you're usually in between sizes, go a half size up for the best fit. Read our full review of the Everlane Modern Loafer here.The Modern Loafer (small) Bass Whitney Weejuns G.H. Bass & Co Color options: black and cordovanSizing options: 5-11There are several versions of the Whitney Weejuns (a super chunky lug-sole pair, a '90s-inspired platform pair, a croc-effect pair, the list goes on), but nothing can beat the classic version. Though they take a bit of time to break in, especially at the heel, you'll be pleasantly surprised at how comfy and supportive the insole is. Plus, the traditional penny loafer look will never go out of style. In terms of sizing, these come in whole and half sizes, and I recommend going true to your usual size. If you're in between, you'll want to size up, especially if you plan on wearing them with socks.Whitney Weejuns' (small) Gucci Brixton Horsebit Convertible Loafer Gucci Color options: black leatherSizing options: 4-12If you've thought long and hard, and you know that designer loafers are what your heart desires, get the Gucci Brixton Horsebit Convertible Loafers. They're pricey, sure, but these classic loafers will last you a lifetime. Our senior style and beauty editor, Maria Del Russo, has had her pair of Brixtons for five years and says they're the most versatile shoe she owns. She credits this to the fold-down heel that lets you wear them like mules, so you're essentially getting two shoes in one. The workmanship is apparent the longer you wear them, too. Maria has gotten these loafers re-soled twice, but the leather and hardware have both stood the test of time.The one drawback to the Brixtons is that after many years, the fold-down heels have turned a slightly more faded shade of black than the rest of the heel.As for sizing, these come in whole and half sizes, but be careful to check the sizing chart since they're usually listed in Italian sizing, which is different from European sizing. We recommend going up if you're in between sizes. Brixton Convertible Loafer (small) Birdies Heron Slippers Birdies Color options: pink velvet, topaz velvet, black velvet, navy suede, and black suedeSizing options: 5-12Birdies makes indoor-outdoor loafers that are as comfy as a regular pair of slippers. Several members of our team are big fans of Birdies — former travel editor Hannah and senior home and kitchen reporter Connie both have multiple pairs. "For each pair, I had a brief break-in period of a week or so where the back of the shoe rubbed up against my heel, but since then, it's molded well to my feet. I prefer to wear them on cooler days because as comfortable as the cushioned insoles are, they can make my feet sweat on hot days," Connie said. Both Hannah and Connie say to order a half size up for the right fit, especially if you're usually in between sizes. Read our full review of the Birdies Heron Slippers here.Heron Slippers (small) M.Gemi The Felize M.Gemi Color options: gray, bordeaux, black, midnight blue, latte, and 14 other colorsSizing options: 5-12The M.Gemi Felize loafers are some of the most versatile and well-made shoes our senior reporter, Mara Leighton, owns. After a year of wearing them multiple times per week, she says they've held up well (no wrinkles along the top, minimal wear along the underside of the toes and heel). However, she notes that sizing isn't perfect. "I ordered my true size, and they've grown looser and more custom-fit as moccasins do over time. But, even so, the top is still snug; I couldn't layer anything thicker than a light sock with my pair." She notes that if you're in between sizes, or if you've ever had to size up in shoes, you should go at least a half size up in these.To get the right fit, these are available in whole and half sizes, but we suggest you go a half size up.Read our full review of the M.Gemi Felize Loafer here. Felize Suede Loafer (small) Naturalizer Clea Loafers Naturalizer Color options: black leather, black patent, gunmetal, dusty rose, chocolate leather, and two other colors Sizing options: 4-12For a dressy loafer on a budget, Naturalizer's Clea style is a great buy. The leather is flexible and not too stiff, so they're comfy for long days. Plus, you can almost always find this pair on sale in various colors, but beware that sizes sell out quickly every time they get marked down. After testing the classic black leather pair, we found the size chart to be a little off for — you'll want to go down a half size, as they tend to run a bit large. Overall, though, this is a comfortable pair with good traction that you'll get a lot of mileage from. For sizing, this loafer is available in whole and half sizes with narrow, medium, and wide widths. It's best to size down at least a half size, as they run large.Clea Loafer Flat (small) Rothy's The Loafer Rothy’s Color options: midnight camo, coral dot, black solid, chocolate, and 10 other colorsSizing options: 5-13Rothy's is known for making sustainable shoes out of repurposed plastic water bottles, and its loafers, which come in nearly 20 colors, are no exception. Like all of Rothy's flats, the loafers use its proprietary thread for the upper and bio-based algae for sections of its insoles. The company's processes also help offset carbon emissions throughout its supply chain. The seamless knit is breathable, stays cool, and flexes comfortably with your foot while you move. The shoes are also machine washable, so don't worry about ordering a light color that's prone to get dirty. The material shouldn't stretch much over time, so make sure they're not too snug when you first receive them. If you have wide feet, we recommend sizing up.This loafer is available in whole and half sizes, but we recommend sizing up a half size if you're in between sizes or have wide feet. You can hear more about why we like this loafer in our review of Rothy's flats. The Loafer (small) Margaux Penny Loafer Margaux Color options: black suede, garnet suede, walnut suede, and four other colorsSizing options: 3-14I'm a big fan of Margaux's flats, and these loafers are just as comfortable. The suede is soft and easy to break in, and there's a bit of cushioning on the insole that makes them comfortable for long days out. The construction is also better than most other suede loafers I've tried, so points to Margaux for quality! I wouldn't recommend wearing them on a super long walk, but they're otherwise comfy for work, weekends, errands, and the like. You can expect the suede to crease across the foot pretty quickly, but that's the case for literally any loafer made from this material. You'll see it more in the colorful pairs but it's barely noticeable on the black pair I have.The sizing with Margaux shoes is actually kind of hard to get right in my experience, so heed this advice: Opting for a half size down but a wider size is likely to get you the best fit, unless you have particularly narrow feet. I am usually between a 7.5 and 8 with pretty average width, but I got the 7.5 Wide pair and they fit like a glove. The 8 would have been too big, and the regular 7.5 would have been too tight. This loafer comes in whole and half sizes with narrow, medium, and wide fits. Margaux is also known for its extensive size range, with this pair coming in sizes 3-14.The Penny Loafer (small) Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 25th, 2021

40 thoughtful, last-minute gifts that don"t feel rushed

Last-minute gifts can be as thoughtful and unique as any, from subscription services to gift cards that can be used at any time. When you buy through our links, Insider may earn an affiliate commission. Learn more. The Sill If you're down to the wire, don't worry: There's still time to find thoughtful, unique gifts. Below are options with fast shipping and instant options like subscription services or e-gift cards. If you're worried about a late arrival, this clever hack ensures they still have a gift to open. We've all been there - holidays and birthdays are just around the corner, your schedule starts getting more chaotic, and you still haven't picked out a gift.Whether it just slipped your mind or you decided to give a gift impromptu, we've got you covered. This list proves last-minute gift ideas can still be thoughtful and unique, from clever subscriptions to useful gift cards and everything in between.Most of these can be e-mailed to the recipient just in time, while some are available at stores with two- or even one-day shipping. As a last resort, repurpose this clever hack to ensure they still have a gift to open. Check out our 40 picks for last-minute gifts: A treat (or three) from Milk Bar Milkbar Desserts from Milk Bar, starting at $22Who says they can't have birthday cake during the holidays? There are plenty of choices at Milk Bar, which is sure to be a hit.Read our full review of Milk Bar here. An arts and crafts subscription box The Crafter’s Box/Instagram The Crafter's Box membership, available at The Crafter's Box, $65/monthMaybe they're not the most creative soul on the planet, but there's no time like the present to help them discover their inner artist. A gift card for a bottle of something nice Reservebar/Instagram Gift cards, available at Reservebar, $10-$1000Reservebar excels in specialty wine and spirits, but recipients can have their pick of just about anything. If there's still time, you can even have a bottle engraved for them.Read our full review of Reservebar here. A tea-of-the-month subscription Sips by Monthly tea boxes, available at Sips by, starting at $16/monthFour different teas (enough for about 16 cups) sent monthly will give them their fix but also open their world. They can create a free profile and customize their box based on their tastes or just sign up and see what arrives. A virtual message from their favorite star Cameo Personalized video message, available at Cameo, from $1Has a certain TV show become their quarantine guilty pleasure? Request a Cameo from their favorite actor, athlete, or comedian. Cameo offers over 40,000 celebrities and entertainment personalities to choose from, with plenty of options under $150, and select talent can fulfill requests within 24 hours. Just include some details, and they'll create a personalized video message. An electric toothbrush with top-notch accessories Quip Quip gift card, available at Quip, from $25Give them the gift of better oral hygiene with a Quip toothbrush, which pairs with an electric toothbrush, bundle, starter kit, or accessory, so they'll always be brushing with the most thorough and efficient brush tools.Read our full review of Quip versus Philips Sonicare here. A luxe jewelry rental service Rocksbox Rocksbox Jewelry Subscription Box, available at Rocksbox, $49/three monthsGrant them full access to the ultimate jewelry collection, featuring top designer brands like Kendra Scott, Kate Spade, Gorjana, and more. Every month, Rocksbox will send three pieces of jewelry chosen by a personal stylist, with free shipping both ways. Get them started by choosing from three different membership packages: three months, six months, or 12 months.Read our full Rocksbox review here. A carefully curated sheet mask subscription Amazon FaceTory Handpicked Korean Sheet Masks Subscription Box, available at Amazon, $11.90/monthJumpstart their self-care routine with one of these monthly face mask boxes. These subscription sets feature carefully curated Korean sheet masks that are suitable for all skin types. The FaceTory Team selects new, trending, and beloved K-beauty products that can't be found anywhere else. They also add a guide with tips, directions, and benefits for each mask.  A diaper and wipe bundle for expecting mothers Honest Honest Diaper + Wipes Bundle, available at Honest $79.95/bundleDo you know someone with a baby on the way? Gift them a monthly supply of Honest's premium diapers and wipes in a flexible bundle subscription. The bundle features three diaper types: everyday, training pants, and overnights, with custom sizes based on weight and age. If in between sizes, Honest recommends sizing up. Each pack includes over 100 diapers. Plus, they can personalize the diapers with a number of cute design options.  A yearlong magazine subscription Amazon Magazine subscription, available at Amazon, starting at $5/yearNothing beats holding a physical issue of their favorite magazine. A subscription service makes sure it lands in their hand without the extra trip to the store. Choose from magazines like Entertainment Weekly, InStyle, Women's Health, and more that cost just $5 for an entire year. A low-maintenance plant service The Sill Plants for Beginners Subscription, available at The Sill, $60/monthEven the most novice green thumb can build a thriving garden with The Sill. Each month, the houseplant subscription delivers an easy-care hand-potted plant in a sleek ceramic planter. It's the perfect opportunity to cultivate their own at-home plant nursery.Read our full review of The Sill here. An endless closet of designer clothing Rent the Runway Rent the Runway membership, available at Rent the Runway, $69/monthRent the Runway's innovative model means they no longer have to waste money on clothes they'll wear just once or twice. It's perfect for the fashionista in your life and lets them rent something new for any occasion — whether it be WFH, date night, or staycations.Read our full review of Rent the Runway here. A Murray's Monthly Clubs subscription for cheese lovers Murray's Cheese/Facebook Cheese of the Month subscription, available at Murray's, from $63/monthSend the best of Murray's cheese and satiate their hankering for a good gouda or creamy brie with a monthly subscription. Whether they're a cheese aficionado or just looking for a yummy snack, they'll enjoy getting fresh cheese delivered to their door, along with detailed guides to the flavors and suggested beverage pairings for each. Choose from options like Classic Cheese of the Month for newbies all the way up to Cheesemonger's Picks of the Month. You can pay for a month-to-month subscription or pre-pay for a three-month option. A 12-pack of wine from an independent winemaker for under $100 NakedWines.com Give a wine gift from NakedWines.comLooking for a last-minute gift that's perfect for your favorite vino fan? We recommend a few bottles from NakedWines.com. Every winemaker on the platform has been "funded" by "Angel" customers, meaning you feel like you have a more direct stake in the wine you gift — and they're all affordable and high-quality. Insider Reviews senior reporter Mara Leighton tried the service and found it to be a great value. Read the full review here. A Disney+ gift subscription Alyssa Powell/Business Insider Disney+ Gift Subscription Service, available at Disney, $79.99/yearIt gives unlimited access to movies and shows from Disney, Pixar, Marvel, Star Wars, National Geographic, and 20th Century Fox for just $7.99 a month or $79.99 a year after a free seven-day trial. Read everything there is to know about Disney+ over here.And if they need some binge-spiration, here are all the new movies available to stream. A flower subscription service for freshly delivered blooms Lauren Savoie/Insider Flower subscription, available at BloomsyBox, $44.99 per monthSend beautiful bouquets on a regular basis at the rate of your choosing — weekly, every two weeks, or monthly. Choose from a variety of floral themes, from roses to plants to pet-safe options. This new twist on a classic gift is one that'll keep on giving.Find out more about our favorite flower-delivery services here. A gift that's as uniquely sweet as they are Sugarwish Sugarwish treat boxes, available at Sugarwish, from $22 for two selectionsGifting just got a little bit sweeter. You choose the number of treats, and Sugarwish takes care of the rest. The recipient chooses which treats they want to receive once they redeem the gift, so it's the perfect last-minute item for a picky eater. A Headspace subscription for soothing meditations Headspace/Facebook Meditation App Subscription, available at Headspace from $12.99/monthThe past few years have been full of anxiety and uncertainty, which makes a gift that includes soothing meditation options extra thoughtful. They can listen to narrated meditations with a Buddhist monk, get tips for handling stress from videos with cute graphics, or leverage wind-down guided exercises to enjoy better sleep.   A MasterClass subscription to learn from the best Alyssa Powell/Business Insider Annual Membership, available at MasterClass, from $15/monthFor the uninitiated, MasterClass is an e-learning platform that provides an array of classes taught by well-known celebrities and industry leaders. Users can find everything from television writing classes taught by Shonda Rhimes to a style lesson with Tan France.  An Amazon Prime membership to make life easier Amazon Amazon Prime membership, available at Amazon, from $12.99/month or $119/yearThe gift of Amazon Prime is always one that'll be met with extreme appreciation, given that it is both practical and thoughtful. If the recipient already has a membership, the money will convert into a gift card that they can use on anything they want from the site.  An e-gift card to Everlane for anyone who appreciates the basics Everlane Everlane e-gift card, available at Everlane from $25Everlane is our go-to for all things considered "closet staples" — from cozy cashmere to classic button-downs, comfortable cotton tees to casual denim. We can't think of anyone who wouldn't be able to put an Everlane e-gift card to use, especially when they can start shopping as soon as they open the e-gift card confirmation email. Check out every style we've tried from Everlane here.  A Hulu gift card for the TV lover Hulu Hulu gift card, available at Walmart, from $25Hulu, like Netflix, is a must-have for TV fans. Whether or not they already have a membership (which you may or may not mooch off of), this gift card can be used to sign up or pay for their next few months with the service.  An Amazon Kindle for book lovers who travel frequently Amazon Amazon Kindle Paperwhite, available at Target, $129.99Kindles make the perfect last-minute gift for voracious readers. Even if the recipient swears by the feeling of a real book in their hands, once they see how much easier it is to travel with one thin tablet instead of six thick novels, they'll be grateful you introduced them. The Paperwhite has a backlit screen with zero glare, so they can read it as easily outside as in bed with the lights out. Another plus? It's waterproof. Read about our experience with the new waterproof Kindle Paperwhite here.  A Book of the Month subscription for bibliophiles Book of the Month Instagram Book of the Month Monthly Membership, available at Book of the Month, from $49.99/three monthsIf the Kindle just isn't their thing, the Book of the Month Club might be a perfect alternative. The subscription service narrows a selection of new releases down to five options, and the recipient will be able to choose which hardcover book they'd like to receive each month. If they don't like any of that month's selections, they can also opt to skip and wait until next month's choices come out.  A gift card to their favorite music streaming service Best Buy Send a gift card or subscription to Spotify, Amazon Music Unlimited, or Apple MusicSometimes the simple, practical route is the way to go when it comes to last-minute gifting. If they're one for spontaneous at-home dance parties or screaming their favorite songs in the car, a free month of their go-to music streaming service can prove to be just as thoughtful as a gift that's purchased weeks in advance. A box full of nostalgic treats Amazon/Insider Oreo, Golden Oreo, Chips Ahoy, and Nutter Butter Gift Box, available at Amazon, $12.88If they never quite outgrew this favorite childhood snack (or if they're just one for sentimentalism), this box full of Oreos, Golden Oreos, Chips Ahoy, and Nutter Butter cookies will have them feeling like they're back in the good old days in no time. Amazon Prime members can receive one-day shipping on this item depending on what time of day they place their order, so if their big day is tomorrow, we've got you covered. A bouquet to satisfy any sweet tooth Harry & David Sweet Chocolate Covered Donut & Cake Pop Bouquet, available at Harry & David, $54.99You may not be able to make them breakfast in bed, but you can still ensure they have a sweet morning with this donut and cake pop bouquet delivery. All of the mini treats are dipped in either dark or white chocolate and topped with chocolate drizzle and candy toppings. Best of all, last-minute shoppers can get express shipping. An e-gift card to Warby Parker for the daily glasses-wearer Warby Parker Warby Parker e-gift cards, available at Warby Parker, from $50Glasses can help people express their individual sense of style, a trend only bolstered by stylish online glasses retailers. Warby Parker has managed to make prescription glasses affordable (a baseline pair starts at just $95, including lenses), but even if your giftee doesn't wear prescription glasses, the company also makes non-prescription sunglasses that are equally as good-looking. Digital gift cards are delivered to your recipient's email immediately. A wine subscription for new bottles delivered right to their door Winc Wine Delivery gift card, available at Winc, from $60Winc is a wine delivery subscription that brings the good stuff right to your recipient's door. Users take a quiz and share information about their taste preferences before receiving expert recommendations about bottles they may like.They can choose what to include in their box, and since each bottle is priced individually, they can control the cost of each delivery. Gift cards can be emailed to the recipient and used toward the cost of a box (or a few, if you're feeling extra generous).  A BarkBox subscription for anyone who spoils their dog BarkBox Dog Treats Subscription Box, available at BarkBox, from $35/monthWhether they just got a new puppy or they've had a dog for a while now, you can't go wrong with a BarkBox subscription. To give it as a gift, simply input their pup's name and relative size (small, medium, or large), and select a one-, three-, six-, or 12-month increment. You can send the box directly to their house or purchase a digital gift card, which they can redeem immediately. A coffee subscription to help them stay caffeinated Atlas Coffee Club Coffee Subscription Box, available at Atlas Coffee Club, $60/3 monthsAtlas makes some of our favorite coffee out there, and it fresh roasts each batch before sending it out so you know the coffee you'll get hasn't been sitting on a shelf for six months. Any caffeine fiend will love receiving beans or grounds direct to their door each month, giving you extra brownie points each time.Read about our experience with Atlas Coffee Club here. A gift card to frame their art or photos Framebridge Framebridge gift card, available at Framebridge, from $25Everyone appreciates having a beautiful frame for their photos, posters, or artwork — but no one actually likes paying for it themselves. They'll enjoy the chance to custom frame something for her home with Framebridge. Bonus points if you also print and send cute family photos for her to frame. A fun and convenient way to freshen up their wardrobe Stitch Fix Personalized Styling Service Gift Card, available at Stitch Fitch, from $20If you sense that they're no longer excited by their closet, a Stitch Fix gift card is the perfect solution. Recipients can try out different brands and styles that they wouldn't ordinarily buy, and it's easy to return pieces with the provided prepaid shipping labels. A travel-planning service that does all the work for them Airbnb Airbnb Gift Card, available at Airbnb, from $25For the person who is currently dreaming about where to go post-pandemic, this gift card will help ensure their next trip is stellar. Airbnb has thousands of listings for private home vacation rentals around the globe and across the US. They can choose from premium luxe listings like a villa in Malibu, find a location close to a national park for outdoor exploration, or opt for a unique getaway like a tree-house rental. A customizable suitcase CALPAK Calpak gift card, available at Calpak, from $25Ordering a piece of luggage that best suits them will take too long if you're strapped for time, plus you might not know exactly what they like. You're better off giving a gift card so they can choose from plenty of fun options. From confetti to marble patterns, Calpak offers suitcase designs for every traveler. We especially like the packing cubes. An Echo Dot for the smart-home enthusiast Amazon Amazon Echo Dot, available at Best Buy, $34.99If you have at least one days' worth of foresight, the latest Echo Dot is a great last-minute gift that won't require much effort. Whether you know for a fact that they have just started outfitting their home with smart capabilities, or you at least have a suspicion that they'd enjoy the convenience of having Alexa around to answer questions and play games, the Dot is a great pick.  A Birchbox subscription for beauty and skincare lovers Birchbox Birchbox Subscription Box, available at Birchbox, from $45/3 monthsThere's a reason Birchbox is so popular — it's an affordable way to find and learn about new beauty, skincare, and grooming products without spending too much on full-sized options the recipient might not like. For $30 to $45, you'll be able to gift three months' worth of boxes right to their door. For a more substantial option, you can gift six months for $84 or 12 months for $156.   A Blue Apron subscription Blue Apron Blue Apron Subscription Gift, available at Blue Apron, from $60Blue Apron's meal kits are the perfect last-minute gift for anyone who enjoys cooking but lacks the time or foresight to do the planning involved. It costs $47.95 for two servings of two recipes each week, so they'll save time shopping and prepping meals, which is arguably worth more than the subscription price. A salami-of-the-month club for the meat lovers Food52 Olympia Provisions Artisanal Salami, available at Food52, from $40You know the type — always orders a charcuterie board, could survive on prosciutto, prefers savory over sweet. Spoil your giftee with a salami delivery and hope they invite you over for a dinner party at some point.  A hot sauce subscription for heat seekers Food52 Fuego Box quarterly hot sauce subscription, available at Food52, $120They'll get fired up for this quarterly delivery of small-batch hot sauce, which is curated by Fuego Box and filled with gourmet picks from all over the country. Each box contains three 5-ounce bottles.  Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 20th, 2021

Gary Gensler: Vast Majority Of Retail Market Orders Go To Dark Pool

Following is the unofficial transcript of a CNBC interview with SEC Chair Gary Gensler on CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) today, Tuesday, October 19th.  Following is a link to video on CNBC.com: Q3 2021 hedge fund letters, conferences and more Vast Majority Of Retail Market Orders Go To Dark Pool: SEC Chair […] Following is the unofficial transcript of a CNBC interview with SEC Chair Gary Gensler on CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) today, Tuesday, October 19th.  Following is a link to video on CNBC.com: .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 Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio 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 Vast Majority Of Retail Market Orders Go To Dark Pool: SEC Chair All references must be sourced to CNBC. BOB PISANI: Hey guys. Lot to talk about today. We’ve got a Bitcoin futures ETF trading, we’ve got the GameStop report out. What do they all have in common? Well they’re all regulated by the SEC. Let's talk to the man in charge, SEC Chair Gary Gensler joins us right now. Mr. Chairman, thanks very much for joining us. GARY GENSLER: Good to be seeing, good to be with you, Bob. PISANI: So, I want to talk about your GameStop report but I have to start with Bitcoin. We've got a raft of cheering people down here from ProShares, ProShares Bitcoin ETF. The futures ETF is starting trading just started a few moments ago. I have to ask you can you, can you explain to our viewers why you chose to allow a Bitcoin futures ETF to begin trading but have not yet approved a regular Bitcoin ETF? GENSLER: Bob, thank you for that question. Just to give you a little context. I think that we in the official sector should be technology neutral but not policy neutral and so what we’re trying to do is ensure to the best we can within our authorities to bring projects into the investor protection perimeter. And so, what you just mentioned, Bitcoin futures have been overseen by our sibling agency the Commodity Futures Trading Commission which I was once honored and proud to serve there and that's been four years and some of these applications came in and when effective, as you said one of them went effective with regard to those products over at the Chicago Mercantile Exchange that our sibling agency oversees. PISANI: I think the important thing here is you've made it clear in the past that this does not have the some of the concerns that approving a full Bitcoin ETF would have. You don't have people breaking into exchanges for example, you don't have problems with fraud or manipulation. Was that a factor, it seems that that was a factor in the fact that you went ahead and allowed the Bitcoin futures ETF. You don't have those particular problems here. GENSLER: Oh, well I'm not going to get into any one application or project. I think what you have here is a product that’s been overseen for four years by a US federal regulator and CFTC, and that's being wrapped inside of something that within our jurisdiction called the Investment Company Act of 1940. So, we have some ability to bring it inside of investor protection. It's still a highly speculative asset class and listeners should understand that underneath this, it still has that same aspect of volatility and speculation but there's our sister agency is overseeing this for four years and then it brings it inside, as I said, an 80 year old law here at the SEC. PISANI: I move on to the GameStop report usual thorough report from your staff. I think this will be the historical record of what happened but I'm curious about the recommendations. You have been talking for many months about payment for order flow and gamification and the potential deleterious effects of both of these on the US trading system and yet there was no discussion about how this might have impacted the trading for GameStop. I'm wondering if there is some kind of connection? Was payment for order flow and gamification factoring what happened with GameStop or not? The report doesn't say. GENSLER: So, I think that the events of January revealed a number of things and as the staff suggested for additional consideration these two topics plus two others that we look out for the investing public when brokerage jobs, when robo advisors are using new data analytics and, and marketing to us using behavioral prompts to possibly get us to trade in a way that benefits them, benefits the application and the, and the program in conflict potentially with what benefits asked the investing public. Also imbedded in some of those issues are the structure of the stock markets itself. It's so much of the market now is, is evidenced in the report in January and these ones are about half of the market is not going to a transparent sort of market that fully lit market that you earlier showed, but it's going to dark holes and wholesalers so those issues the staff suggested up. What, we're going to take a closer look at in terms of what policies can help the public. JIM CRAMER: Chairman Gensler, it's great to have you on the show again. I know that your position on trying to invest. Well, I read a great book that you wrote about no free lunch, that’s why we have diversification. And then I read this report and I absolutely understand, it's very thorough it's got great stuff and talks about how options didn't really affect things, what did impact. And then on page, the last, number two, there's this sentence, “payment for order flow in the incentives it creates may cause broker dealers to find novel ways to increase customer trading including through the use of digital engagement practices.” I read this and it felt like a bit of a lamentation. I felt that right before that you talked about, don't forget, companies underneath the memes are actual employees, customers plans to invest, and then you get to this and I wanted you to be able to say, it may be this is unfortunate because I know that people want, they want to open as much engineering, but this is not Chairman Gensler. Chairman Gensler’s against any idea that we should be doing these digital engagement practices that might hurt investors. GENSLER: So, let me sort of address that. I think that we’ve found on platform after platform whether it's in, in, in streaming apps or retail apps, a very social media, that we're in a transformative time. The 2020s is rapidly changing on top of the invention of the internet, internet many decades ago, we have data analytics, artificial intelligence that markets to each of us a little differently. I mean you might type something in a text and then all of a sudden find you're being advertised something you typed to a personal friend in the text. So those features are all around. What we're raising the question is, is in finance, what does that mean for finance? These digital engagement practices, the underlying separating you from me and from all of us and then if the applications marketing for their revenues and payment for order flow does have an inherent conflict that the brokerage application is increasing their revenues if we trade more. And so are they using these behavioral prompts to get us to trade more or to move to different products, options trading or trading on margin which inherently have more risk in them, and where do we, the SEC, help the investing public out to help them do well when there's these inherent conflicts inside the, kind of inside the box. CRAMER: Right, but I guess what I struggle with is, you've got this great moment here. There are one million of these accounts belonging to investors with an average age of 19. I think these investors if they're focusing on, let's say, trying to put together a fantasy team, I think they’re spending a lot more time on fantasy trying to figure out who the, who's on tonight. How to be able to make it so what's the line, what's the over, they’re spending more time Chairman Gensler on their fantasy lineup than they are trading. They are trading like banshees. Don’t we want to encourage them to spend as much time as they do on their fantasy lineup. GENSLER: Well I think that that investing for the long term tends to have higher returns than day trading or even hourly trading and sometimes, not always, but sometimes these applications encourage individuals to have high trading volumes or trade on margin or options that have inherently higher risks. And so that's where, there’s, there's a worthwhile public debate and I think, I thank the staff of the SEC to serve up this report. I think yes, as you said earlier, now it's the job of the commission to sort through what we do with these additional considerations. PISANI: Mr. Chairman, the staff determined that a short selling squeeze was a factor, but it wasn't the primary reason for the big sell, price run up in GameStop. It was positive sentiment I'm reading from the report here that sustained the week's low-price appreciation, positive sentiment, not the short squeeze, short covering was a small fraction of the overall buying volume. I guess I'm wondering though despite that you've been talking about potential changes in short selling rules. Do we need to make any changes? Do we need more, for example, disclosure about short selling? GENSLER: I think that the markets could benefit from greater transparency, not only on short selling, but a related activity in the markets which is called stock loan when you borrow a stock to sell it short. Congress actually, our US Congress actually about 11 years ago passed two provisions that mandated, directed the SEC to do greater transparency in short selling, and this related activity stock loan. So I have asked staff for recommendations on this to promote, meaning that on a regular basis the market would benefit from seeing the volumes and activity in the lending market, meaning lending securities, and also this short selling activity. PISANI: Just to follow up on payment for order flow. Most, most viewers of the trading activity in the last 30, 40 years agree that the American investor has never gotten a better deal not only have commissions essentially go to zero but even trading costs are much lower, execution quality has improved dramatically in the last 30 years. I know there's a little bit of debate about it exactly how much but the average investor seems to be getting a very good deal, can you, do you feel you're going to be actually able to demonstrate a real harm from payment for order flow? Number one and number two, can you tell us what comes next here you've got the commission with your staff with a very excellent report on the facts, but not a lot of direction about where it should be going. Is the commission then going to meet and make recommendations or make rule changes from here? What's the path here forward after this commission staff report? GENSLER: Well, let me say this, you're, you're right that our markets have gotten more, have moved to zero commission but it doesn't mean it's free. There's still payment underneath these applications. It also doesn't mean that it's always best execution and we've had, we've had cases where we've announced in the last 18 months where there has been this conflict between the broker on the one hand and this payment for order flow on the other. And let me just remind your viewer that if you place a retail market order, as shown in this report, the vast majority of those don't go to the transparent lit markets, they go to the dark market with these, these pools that are not competing and so I’ve asked staffing, can we achieve this simple concept that your order when you place it competes with other orders and buyers if you're selling will compete to get, and to pay you hopefully, the best execution for that price order by order by order. That's what I've asked staff and I think that that's an important concept of competition that helps the investors on one side, helps the companies on the other side that are raising money in our markets. CRAMER: Well, Mr. Chairman, again I want to praise the staff because those who read this will know there was not a vast conspiracy against them which was really the topic that I know a lot of us felt we were really razzed by because we're all in on some sort of Citadel conspiracy. I think that's completely busted but there was something on page 12 that disturbed me, you talk about some of the marketplace may possess superior information about underlying assets. That sir I think is illegal. Did we discover that some of that superior information should be in front of the commission to find out what's going on? GENSLER: Well I think that you chose the words carefully maybe there but when, when order flow when, when trading is being purchased and sent to one wholesaler or another wholesaler then they have information that the rest of the market may not have at least for a short period of time, and, and even milliseconds matter in these markets. And so, that's what we're also looking at. You're absolutely right that we, I think from a policy perspective want to look at that and how we instill greater competition in essence for that data as well as for that order flow. DAVID FABER: Chair Gensler, Chair Gensler, David Faber here. You know we had you on not that long ago, obviously long ranging interview. I wanted to come back to SPACs if I might just for a moment. Haven't really heard that much from the SEC yet and I wonder where you are because it does appear that the market has been making its voice heard when it comes to SPACs. We are seeing the sponsors changing their compensation arrangements, we've seen the pipe market really frees up, and so is the market doing its job, and the SEC therefore perhaps doesn't have to take significant action in any way in terms of regulation for SPACs? GENSLER: I think that there is, is a need here for greater transparency, greater disclosure. These are, these are innovations that have happened in our markets, special purpose acquisition companies, but they're costly, and they may also have inherent conflicts between a promoter or sponsors who is taking generally about 20% of the offering that if you raise a billion dollars, that's $200 million. Can I repeat the number? $200 million to basically raise money and a blank check type of shell company and then you have two years to go out and try to buy something. And there's also this conflict that if you don't buy something, you don't get the promoter, or the sponsor doesn't get that 20%. So there's an incentive to buy something even if it's not the best purchase in the world particularly as the clock is ticking and you get to the end of the two years so I know I've said this a lot about staff working on recommendations. These, these rules are highly detailed. We need to work on the economic analysis which is so critical to good decision making. You're five commissioners, and so the process does take a number of months and sometimes the public says, where's that document or where's that rule proposal but I would envision that staff will put something up to our five-member commission and if, if there's the support of the commission, we'll put it out to public comment with regard to SPACs with regard to a number of these other topics we've talked about as well. PISANI: Just a follow up to my question. The second part you didn't quite answer. What's next here? What happens after this report? Does the commission, meet your five commissioners discuss what you want to do? Are you going to make proposed rule changes? I know you have a request for comment on digital engagement practices that are out there. What will become of that? I guess I'm looking for a roadmap for what you're trying to accomplish here. GENSLER: So, the five of us generally meet bilaterally and then sometimes we meet as a, as a group and as a group when we do that often that leads to what's called a public meeting and the cameras are on and the like. In terms of what's next is staff recommendations on the plumbing, this is called the clearing and settling side. There seems to be broad support in market participants to shorten the settlement cycle. We are secondly assessing the comments that came in on digital engagement. I’ve asked staff to consider whether there's some recommendations we have on those potential conflicts and also better protecting the public. And then the third area that was highlighted was market structure, the entire equity market structure. We haven't updated it in 16 years since 2005 and I think technology's changed so dramatically that it's worthwhile taking a very close look and seeing if we propose something now. In all of these areas as well as short selling, which I talked about earlier that I would anticipate we, we propose things because Congress has told us, mandated that we need to and these four areas I'd envision his staff is debating it, commissioners will weigh in, and then if we think so, we'll put it out to public comment. I, my, my hope is that we put it out and have a lively public debate and see what's best for the markets, and for the investing public. CRAMER: Mr. Chairman, on page 12, page 6, “In order for a customer to trade options, broker dealers must conduct due diligence that option trading is appropriate for the individual customer.” Sir, Robinhood has millions of customers and there's no way they're doing that. I mean, isn't it time we examine that process? GENSLER: Well, so it's, this is the, this is one of the challenges to get greater access, our user interfaces one our mobile phones have made it very efficient but then the question that you've just raised is also appropriate, is somebody on the other side looking as to whether, doing the due diligence as you say about that customer opening a higher risk account, an options trading account for instance or a margin trading account, and I think the staff appropriately flagged this issue. PISANI: Mr. Chairman, I want to thank you for coming on and giving us your thoughts and we very much appreciate the work of your staff and laying out the facts and obviously this is a very important historical document in terms of what happened and we look forward to having you on again soon to let us know what the next steps are. Gary Gensler, Chairman of the SEC Thank you very much for joining us. GENSLER: Thank you. Updated on Oct 19, 2021, 12:24 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: valuewalkOct 19th, 2021

You can get 70% off of all CreativeLive classes through the end of October, including popular photography bootcamps for under $60

CreativeLive is currently offering discounts on individual online classes, in topics like Photoshop and design, as well as its Creator Pass. When you buy through our links, Insider may earn an affiliate commission. Learn more. CreativeLive offers over 2,000 online courses in photography, video, art, design, business, and more. MixMedia/Getty Images CreativeLive has over 2,000 online courses taught by experts in photography, art, video, and more. Classes are 70% off and you can get 20% off any Creator Pass subscription through October 31. Below are some of the most popular classes, including a Stanford course on designing your life. Online learners have many educational options like Udemy, Coursera, LinkedIn Learning, and edX, but creatives may find the most appealing classes at CreativeLive.The site houses over 2,000 classes taught by industry experts, and reportedly reaches over 10 million students. Each class falls under one of five categories: photo and video; art and design; music and audio; craft and maker; or money and life.As a CreativeLive student, you can watch on-air broadcasts for free for 24-hours a day, or buy an individual class and own it for life with the option to watch, rewind, and access bonus materials whenever. As part of a sitewide sale, all classes are currently 70% off through October 31 and if you spend $40 or more, you may get $20 off your order. You can also buy a Creator Pass (currently 20% off through October 31) to get access to as many classes as you want for an annual or monthly fee.If you're looking for a way to develop a creative habit, add industry know-how, or expand a creative business, then CreativeLive may be a tool worth considering. Below are 20 of the most popular courses among CreativeLive students:Descriptions provided by CreativeLive and edited for length. Fundamentals of Photography CreativeLive Fundamentals of photography, $18 (originally $199)As a photographer, you will need to master the technical basics of the camera and form an understanding of the types of equipment you need. The Fundamentals of Photography class will also teach something even more important (and crucial for success) — how to bring your creative vision to fruition.Taught by seasoned photographer John Greengo, who specializes in outdoor and travel photography, the Fundamentals of Photography places emphasis on quality visuals and experiential learning. In this course, you'll learn:How to bring together the elements of manual mode to create an evocative image: shutter speed, aperture, and image composition.How to choose the right gear and develop efficient workflow.How to recognize and take advantage of beautiful natural light. Designing Your Life: How to Build a Well-Lived, Joyful Life Marko Geber/Getty Images Designing Your Life: How to Build a Well-Lived, Joyful Life, $29 (originally $199)Do you feel stuck and anxious about the future? Do you feel like you should know what you want to do with your life but you aren't sure which direction to head? Stanford professors Bill Burnett and Dave Evans are joining us at CreativeLive to teach a class based on their #1 New York Times bestseller, "Designing Your Life: How to Build a Well-Lived, Joyful Life." How to Break the Habit of Self-Doubt and Build Real Confidence CreativeLive How to break the habit of self-doubt and build real confidence, $29 (originally $149)Mel Robbins is the most booked female speaker in the world, a serial entrepreneur, and a bestselling author. She is one of the most sought-after motivational instructors trusted by global brands to design and deliver life-changing, interactive experiences that inspire change, challenge thinking, and accelerate personal and professional growth.If you are plagued by imposter syndrome, suffer from anxiety or low self-esteem, or fall into the trap of self-pity that keeps you from seeing positive outcomes, you're definitely not alone.Mel will give you concrete, actionable advice and steps to overcome these problems and build the confidence to realize your dreams. After this class, you'll better understand your patterns, what to do to break unhealthy habits, act with courage, self-compassion, and overcome self-doubt so you can get what you want out of life. Posing 101 Jaysen Scott/Pexels Posing 101, $44 (originally $149)Posing is one of the fundamentals of great photography. It's also the thing that photographers have the least control over. We can choose our lenses, set up, lighting, and retouch with Adobe Photoshop. But when it comes to photography poses, we need to pay attention and work closely with our subjects to find the perfect pose and best way to capture the most flattering image.Fashion and portrait photographer Lindsay Adler will break down the fundamentals of perfect posing, giving you the basic rules you should follow to make your subjects and your photos look their best. Through live photo shoots and slides, Lindsay demonstrates the do's and don'ts for every category of subject, including men, women, older people, couples, brides and grooms, groups, and more. Adobe Photoshop 2020: The Complete Guide Bootcamp Getty Images Adobe Photoshop 2020: The Complete Guide Bootcamp, $59 (originally $199)Adobe Photoshop 2020 is a feature-rich creative force, perfect for turning raw ideas into audience-wowing images. With Ben Willmore as your guide, you can master it faster than you think and take on a new decade of projects.Ben takes you step-by-step through Adobe Photoshop 2020 as only he can. With an easy pace and zero technobabble, he demystifies this powerful program and makes you feel confident enough to create anything. This class is part of a fully-updated bundle – complete with 2020 features and more efficient ways to maximize the tools everyone uses most. Adobe Lightroom 2020: The Ultimate Guide Bootcamp David Bartus/Pexels Adobe Lightroom 2020: The Ultimate Guide Bootcamp, $18 (originally $199)Adobe Lightroom is the industry standard for post-production workflow and in Adobe Lightroom: The Ultimate Guide, you'll learn Jared Platt's gold standard for retouching and managing files quickly and efficiently.Jared will show the ins and outs of Lightroom Classic, Lightroom Mobile, and Lightroom Desktop. He'll demystify the difference between each and demonstrate when to use each one for maximum output.Jared will share tips on improving every phase of your workflow – from shooting to archiving. You'll learn how to take advantage of the latest Lightroom tools and features and become faster and more skilled at adjusting your images. 28 Days of Portrait Photography Marián Šicko/Pexels 28 Days of Portrait Photography, $29 (originally $199)Sue Bryce's 28 Days is the all-in-one portrait photography class that teaches you posing, shooting, marketing, selling, and everything else you need to know to run a successful contemporary portrait photography business. This series begins with two sessions of intense instruction on business, pricing, and overcoming your fears. Following the kickoff, Sue delivers short sessions exploring 28 different topics essential to any successful portrait photography studio. Sue covers flow posing, connecting with clients, posing and shooting groups, marketing to your key demographic, sales, and more. Speedlights 101 CreativeLive Speedlights 101, $14 (originally $49)This workshop will give you the confidence to incorporate small portable flash in your photography toolkit. From shooting receptions at weddings or adding drama in senior portraits, this workshop will include lots of live shooting examples that will help everything make sense. Once you start working with a portable flash, you'll never understand how you lived without it. Portraits Under Pressure CreativeLive Portraits under pressure, $18 (originally $99)Victoria Will's background as a photojournalist and celebrity photographer helped her develop techniques on editorial assignments to quickly connect with a subject. She'll show you how to use your environment to capture a unique image that reflects the person in the portrait. She'll also highlight how to quickly evaluate a less than perfect situation and make it work for you and your subject. You'll learn:Techniques for choosing the light, process, and locations for a successful portrait.How to build a rapport and utilize clear communication with your subjects.How to set up a developed concept, as well as how to light on the fly.Successful strategies for marketing yourself as a photographer and how to get your work in front of editors. Pricing and Sales for Photographers CreativeLive Pricing and sales for photographers, $14 (originally $49)In order to make money as a photographer, you have to know how to price, package, and sell your work. In this 3-day course, small business owner and award-winning portrait photographer Julia Kelleher will teach you how to create a strategic sales system — without relying on over-the-top, hard-selling sales techniques.By the end of this course, you will know how to predict your sales averages, forecast growth, and go from thinking about the next single sale to thinking about the next year of sales. Posing for Curvy Women CreativeLive Posing for curvy women, $14 (originally $49)Photographers are hired to capture portraits that accentuate the best features of their subjects. Fashion photographer Lindsay Adler will share techniques on how to photograph your full-figured and curvier clients by accentuating their lines and creating beautiful silhouettes.This class will cover: Styling suggestions for full-figured women including a bridal session.Camera angles and posing techniques for the most flattering images.Photoshop techniques to help highlight your curvy subject. Lighting & Posing Large Groups CreativeLive Lighting & posing large groups, $8 (originally $29)If you've photographed groups before, you know it can be a challenge. This class will answer your questions and cover the most important considerations to keep in mind for your next group session. You'll learn depth of field, lens choice, posing, focus considerations, light modifiers, light position, and more. Retouching for Interior Architectural Photography CreativeLive Retouching for interior architectural photography, $8 (originally $29)Images of architectural interiors present particular challenges for retouchers. In this class, architecture photographer Mike Kelley will show you how to use exposure blending, manual masking, advanced blemish removal, curve adjustments and other techniques to achieve stunning interior shots.You'll see how Mike overcomes extreme dynamic range, color casts from various sources, and difficult perspective issues to create a professional interior architectural photograph. Workflow, Time Management, and Productivity for Creatives CreativeLive Workflow, time management, and productivity for creatives, $14 (originally $49)Fine artist, illustrator, and author Lisa Congdon has worked with over 75 clients around the world including MoMA, REI Co-op, Harvard University, Martha Stewart Living, Chronicle Books, and Random House Publishing, among many others.In this class, she will teach you how to establish effective workflows and time management strategies that will streamline your processes and maximize creative work time.Among other things, you will learn:How to organize and implement a workflow system.How to manage to-do lists effectively.How to utilize time-blocking.How to identify and manage the distractions that keep you from being productive. The Headshot CreativeLive The headshot, $8 (originally $29)In this class, Peter Hurley, author of "The Headshot," reveals his methodology for capturing amazing headshot portraits.Hurley spent the last two years formulating these unique concepts into his highly anticipated book and will demonstrate how his simple techniques can help bring the best out of every person you photograph. His "squinching" phenomenon has gone viral and continues to have people using his signature lower lid move every time they step foot in front of a camera. Adobe Photoshop Mastery: Retouch and Restore CreativeLive Adobe Photoshop mastery: retouch and restore, $14 (originally $49)Photographs are among our most treasured possessions, but not every photo was shot under optimal conditions or preserved in an ideal way, which makes photo restoration a big business opportunity for skilled photographers and retouchers. If you want to answer every,"Can you fix it?" with a resounding "Yes," Adobe Photoshop Mastery with Ben Willmore is the class for you.You'll learn how to tackle:Advanced color correction and enhancement techniques.Retouching and scratch removal strategies.Detail enhancements.Folds, scratch, mildew, ink, and water stain repairs.Reconstruction of missing pieces such as torn corners and rips.How to fix faded images and make skin tones more lifelike.You'll also learn what actions to take, the optimal order to perform them, and which tools are right for the job. Ben will share time-saving tips and offer insights on the corrections that create the biggest impact. The Magic of Watercolor CreativeLive The magic of watercolor, $14 (originally $49)Join Molly Murrah for a fun, 5-week watercolor class for beginners. Learn about color, papers, brushes, drawing, and composition, as well as many great painting techniques that will get you working and playing with watercolors. The class will cover lessons such as paint properties, understanding color, the color wheel, mixing colors, light and shadow, and more. Color for Designers: Exploration, Theory, & Application CreativeLive Color for designers: exploration, theory, & application, $14 (originally $49)Our response to color comes from the place in our brain where trust, loyalty, behavior, and decision occur. Every successful project relies on a designer making smart choices about color.In this class, Richard Mehl will give you a foundational understanding of color theory principles and demonstrate how to apply them. Richard has studied alongside design legends like Paul Rand, Bradbury Thompson, and Herbert Matter, and will share insights gleaned from 12 years of teaching and writing about color in design.Richard takes an accessible approach to the serious study of color theory for designers. You'll be exposed to a relevant series of ideas and skills by exploring a range of analog and digital projects.Richard will discuss:Color terminology and meaning.How to view color in context.Contrast grids and color illusion. Tips for creating harmonious color palettes. Exploring Low-Key Portraiture CreativeLive Exploring low-key portraiture, $8 (originally $29)Learn how to shoot and retouch with shadows and dark tones in this class led by photographer Chris Knight. Students study how to maximize details in dark imagery through lighting and post-production. Chris will take you from concept through execution covering simple (yet effective) lighting techniques as well as tethering tips with Adobe Lightroom.He'll also discuss how to develop the raw image, as well as retouching tactics to make your image appear powerful and purposeful. Wedding Photography: Capturing the Story CreativeLive Wedding photography: capturing the story, $14 (originally $49)The emotional and physical energy of weddings makes for good photography, but a wedding photographer does more than simple, passive documentation of the revelry. Great wedding photography immortalizes the story of the event by combining a mastery of technical skills in a highly dynamic environment, and the social skills to put people at ease and capture genuine moments.Join Rocco Ancora and Ryan Schembri for this in-depth class on wedding photography and powerful storytelling. You'll learn:The fundamentals of shooting a wedding — lighting, exposure, and composition.How to maximize the use of natural and artificial light to create the mood.What to do once the wedding is over — image culling, album development, and sales.This class places heavy emphasis on developing strong posing and direction techniques and deploying them in a natural, non-confrontational manner. Rocco and Ryan believe that the job of the wedding photographer is to understand the story of the evening and to document it as a journalist would, with technical confidence and the mind on storytelling. All levels of wedding photographers will benefit from this class.  Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 14th, 2021

66 gifts under $50 for everyone on your list that still feel thoughtful and personal

We found great gift ideas under $50 that prove you don't have to spend a fortune to get just the right gift for any occasion. When you buy through our links, Insider may earn an affiliate commission. Learn more. Hollis Johnson/Crystal Cox/Alyssa Powell/Business Insider You don't need to spend a fortune to find a thoughtful gift they'll love. We found 66 of the best gifts under $50 to suit the interests and tastes of everyone on your list. With best friends' birthdays, anniversaries with your significant other, celebratory moments with coworkers, or even just to tell a loved one you're thinking about them, it's easy for your gifting list to fill up quickly. But you don't have to spend a fortune to get everyone on your list a gift that feels made for them. There are plenty of great gift ideas under $50 to be found if you know where to look.We've done the hard work for you and sifted through hundreds of options to find affordable gifts to suit a wide range of tastes and interests.Our picks for the best gifts under $50 still feel unique and personal. And whether these gifts are complements to a bigger present or are the star of the show, we know your recipient will love them.Keep reading for 66 gifts under $50 that work for anyone on your list.This list includes a Sponsored Product that has been suggested by Under Armour. It also meets our editorial criteria in terms of quality and value.* A hatch decanter to sophisticatedly store alcohol Crate & Barrel Hatch Decanter, available at Crate & Barrel, $44.95If their barware collection bares a sophisticated flair, they'll appreciate this elegant hatch decanter. This 32oz decanter is a more affordable price than others thanks to its beautiful molded diamond pattern that resembles cut crystal. A spice and herb kit packed with international flavors Uncommon Goods Gourmet Oil Dipping Spice Kit, available at Uncommon Goods, $42Whether it's a dash of Italian oregano or za'atar from the Middle East, any cook will appreciate this international spice kit that lets them cook with various tastes of the world.  A skincare set for combination and oily skin types Sephora Clinique Great Skin, Great Deal Set, available at Sephora, $32.50This Clinique set for combination and oily skin types is a great addition to any skincare routine. This three-step regimen includes a facial soap, an exfoliating lotion, and a moisturizing gel make this three-step routine an easy and quick way for a fresh face.   A DIY recipe book Amazon My Recipes Cookbook, available at Amazon, $8.99Whether they're a huge foodie or want to preserve a favorite family meal, this DIY cookbook offers 120 blank pages to fill with their favorite recipes. The notebook's table of contents and additional note space at the end will help keep them extra organized.Taking the time to add in your own savory vodka sauce pasta dish or having their loved ones fill in grandma's homemade sweets recipe will make this gift feel extra special. Snacks for movie night Knack Popcorn Snack Medley, available at Knack, $44Help them take their next Netflix marathon to the next level with this popcorn mix set. The mix includes two microwavable Pop on The Cob popcorn cobs, toffee pretzels, dark chocolate-covered cherries, and Virginia peanuts. If they have a particular favorite treat, each snack can also be added in extra quantities at an additional cost. A carafe that helps preserve wine Grommet Glass Wine Saver Carafe, available at Grommet, $42.95Wine lovers will surely appreciate this elegant gift that will allow them to savor and sip their favorite bottle for longer. This glass carafe preserves non-sparkling wine in the refrigerator for up to one week. Simply, pour wine into the carafe, insert the float at an angle, then seal it with the top and serve. Farm-to-skin lip balms Etsy Beekman 1802 Ten Piece Lip Balm Set, available at Uncommon Goods, $48This farm-to-skin lip balm set is just right for the green beauty obsessive. All 10 lip balms are made from natural goat's milk and essential oils. Beautifully packaged and scented, the fragrances include Ylang Ylang and Tuberose, Orange Blossom, Fig Leaf, Sweet Grass, Grapefruit, Oak Moss, Apricot and Honey, Vanilla, and an unscented balm. A monogrammed clutch Mark & Graham Palm Leaf Rounded Clutch, available at Mark and Graham, from $49You can get your giftees initials embroidered on this cute roll-up clutch for a personal touch. The bag is woven from natural palm leaves for a beachy vibe, and the blue and white striped interior adds to the fun coastal feel. A sand-free, quick-dry towel Sand Cloud Sand Cloud towel, available at Sand Cloud, $48Not only are these thin towels easy to roll up and throw in your beach bag or picnic basket, but they also easily shake off sand and dry three times faster than classic beach and pool towels. Choose from a wide array of vibrant patterns and colors, from a navy blue whale shark print to tie-dye options. An easy way to make their own bubble tea Uncommon Goods Bubble Tea Kit, available at Uncommon Goods, $38For the bubble tea lover in your life, this kit comes with two flavors of loose-leaf tea, tapioca pearls, and two reusable stainless steel straws. All they'll have to do is add a little milk (if they like!) and sip on this delicious brew. A personalized video message from their favorite celebrity Cameo Cameo video, available on Cameo, from $1Whether they have a favorite musician, reality TV star, comedian, or actor, there's a good chance their favorite celebrity is on Cameo. You can even choose from pre-recorded video messages with a personal shoutout, or opt to give them a super special one-on-one video call. Of course, the price will depend on who the star is. Notepads chock full of affirmations Amazon Knock Knock Notepads, available at Amazon, from $9.13Whether you want to give them a quick pep talk or celebrate them just because, these notepads from Knock Knock provide a creative and encouraging way of doing so. Each comes with 50 sheets, so they'll make plenty of use of these witty notes. A small but mighty smart assistant Google Google Nest Mini (2nd Generation), available at Best Buy, $49.99Give the gift of a virtual helper. Currently on sale for under $25, the Google Nest Mini offers a compact, affordable smart speaker with Google Assistant built-in. Friends and family members will love being able to dim lights, control the volume on their TV, check the weather, and more, all with just the sound of their voice.Read our full review of the Google Nest Mini here A face mask designed for working out Under Armour UA Sportmask, available at Under Armour, $15Under Armour's Sportmask was designed with athletes in mind, as reflected in its breathability, water resistance, and UPF 50+ sun protection. Thanks to the Sportsmask, they won't have to sacrifice their workout routine or their comfort.*Sponsored by Under Armour A 52-piece art kit Amazon 52-Piece Watercolor Art Set, available at Amazon, $12.34Encourage them to pick up a new hobby (or take advantage of an existing one) with this watercolor set that's built for both beginners and experts. The set includes various cakes and paints, watercolor pencils, paintbrushes, a paint palette, an eraser, and a pencil sharpener — all within a pre-packaged case that can save you the pain of gift wrapping.  A streaming stick that turns any TV into a smart one Amazon Roku Streaming Stick +, available at Amazon, $39Upgrade their Netflix binge marathons without actually buying them a whole new TV. The Roku Streaming Stick + offers 4K, HD, and HDR streaming in a portable package and affordable price.  A meal kit from their favorite restaurant Goldbelly/Facebook Goldbelly Restaurant Meal Kits, available at Goldbelly, from $25Bring a bit of their favorite restaurant right to their door. From bagels to barbeque, Goldbelly ships food gifts nationwide from iconic eateries in major cities.  A Disney+ subscription Alyssa Powell/Business Insider One-year gift subscription to Disney Plus, $79.99It gives them unlimited access to movies and shows from Disney, Pixar, Marvel, Star Wars, National Geographic, and 20th Century Fox, and costs just $7.99 a month or $79.99 a year after a free seven-day trial. Read everything there is to know about Disney+ over here.And if you need some binge-spiration, here are all the new movies available to stream. A cult-favorite candle Otherland Otherland Candles, available at Otherland, $36We love Otherland's candles, whether seasonally inspired or from the classic collection. Notable scent combinations such as champagne, saffron, and leather, gorgeous packaging, and a 55 hour burn time have deemed Otherland's candles as a foolproof gift among the Insider Reviews team. A set of loose-leaf teas that even Oprah loves Amazon Vadham Chai Tea Reserve Set, available at Amazon, $34.99This classy set of loose-leaf teas made it into Oprah's Favorite Things back in 2018. It's filled with three variations of chai tea that any tea lover will appreciate.  A smooth olive oil that'll instantly elevate any dish Brightland Alive Olive Oil, available at Brightland, $37If they spend a lot of time in the kitchen, they probably already know the merits of high-quality olive oil. A drizzle of Alive from Brightland adds a vibrant, zesty flavor to any dish, plus the beautiful bottle will look great on display in their kitchen.  An affordable electric toothbrush subscription Quip Toothbrush Starter Set, available at Quip, from $25Help them upgrade their oral care routine with a Quip toothbrush. Not only is it a great electric toothbrush at a reasonable price, but Quip will send them a refill every three months with a new brush head and toothbrush.  Delicious mini cupcakes Baked by Melissa Facebook Cupcake Gift Boxes, available at Baked by Melissa, from $32Who doesn't love getting a sweet surprise? With delicious flavors ranging from Cookie Dough to Pink Frosted Donut, these bite-size treats are sure to please. You can also add a special gift box to complete the gift.  Useful cable clips Amazon Shintop Cable Clips (six-pack), available at Amazon, $5.79Whether their phone charger is always falling under their desk or they simply have too many cables to keep track of, these affordable and efficient clips will allow them to simplify their workspace. Plus, the pink, orange, and green shades contribute a fun pop of color. A head-to-toe mini care kit Sephora Drunk Elephant The Littles Head to Toe, available at Sephora, $49Give this mini set for head-to-toe care they can take on the road or just to test out some new products. The set is packed with Drunk Elephant minis, including a glossing shampoo, cream conditioner, scalp scrub, detangler, body cleanser, lotion, deodorant, and a comb. It also comes neatly packaged in a fun, neon bag. An at-home spa kit Uncommon Goods Eucalyptus Spa Gift Set, available at Uncommon Goods, $40Let's face it, 2020 has been a hard year. Give them the gift of soothing relaxation with this at-home kit that includes pampering botanical bath salts and natural jute body scrubber. The recipient will also be able to grow their own eucalyptus in the bamboo pot so they can continue to breathe deep and say ahh. A set of magnets that are fun to play with and can boost concentration Speks Speks Magnet Balls, available at Speks, $27.95Almost everyone on the Insider Reviews team has a set of Speks at their desk. The little magnetic balls can be mashed, molded, and built into fun shapes and are a fun fidget toy that even adults will love.  A personalized pillow of their favorite fur baby aurespaces/Etsy Custom Pet Pillow, available at Etsy, from $23.99If there's nothing they love more than their cat or dog, this pillow — featuring a blown-up picture of their pet — is sure to make them smile.  A cute kitchen gadget that makes breakfast in a flash Amazon Dash Mini Waffle Maker, available at Target, $9.99This compact waffle maker makes a great addition to any college dorm or small kitchen. All they have to do is plug it in and they can make their favorite breakfast treat in a flash. A sugary and fun snack Neiman Marcus Sugarfina Champagne Bears, available at Neiman Marcus, $20Elevate their next sugar fix with these fun champagne gummy bears. Don't worry if they're under 21, despite the name and flavor, these gummies are non-alcoholic. They also have rosé options too.     A taste of Japan by way of snacks Bokksu Bokksu Tasting Gift, 3-month box, available at Bokksu, $44.95Adventurous foodies will love the chance to taste test a curated box of gourmet Japanese snacks. In this Bokksu box, they can expect to find between 10-14 snacks, a tea pairing, and an in-depth guide that details every product included. A best-selling face mask for clear skin Aztec Secret Aztec Secret Indian Healing Mask, available at Target, $7.99Anyone in on the latest skincare trends will know about this mask. Many claim it has helped clear their skin, and it has over 12,000 five-star reviews on Amazon. The best part is that this powerful facial is just $10. A soft pair of socks made from sustainable fabric United by Blue SoftHemp Sock, available at United by Blue, $16With cold weather approaching, there's nothing better than slipping on cozy socks. Made from soft, sustainable hemp fabric, this pair is sure to do the trick.  A luxurious exfoliator to keep skin smooth Necessaire Necessaire The Body Exfoliator, available at Sephora, $30Necessaire's clean beauty products come in beautiful, minimalist packaging that looks as good in their bathroom as it feels on their skin. This gentle exfoliator will help them slough off dry winter skin for good. Cruelty-free nail polish in a range of fun colors Smith & Cult Nail Polish, available at Smith & Cult, $18Smith & Cult's polish is vegan, cruelty-free, and chip-resistant. With 46 fun colors to choose from, you're sure to find one (or two, or three) they'll love.  A sheet mask that'll hydrate dry, stressed skin Sephora Dr. Jart+ Soothing Hydra Solution, available at Sephora, $6Fall and winter skin tends to be dry and dull. While you can't change the weather, you can throw on a hydrating face mask to stay moisturized. This one will add lots of soothing hydration to their skin to keep it feeling fresh. Makeup towels that make washing their face less of a chore Weezie Makeup Towels, available at Weezie, $40If they've never thought of washcloths as anything special, Weezie towels will change their minds. The adorable towels are embroidered with either hearts, winky eyelids, or the words "stain me." Plus, the dark navy blue color will conceal makeup stains. A silky-smooth sleep mask to block light Nordstrom Slip Pink Marble Sleep Mask, available at Nordstrom, $50If there's nothing they appreciate more than a good night's sleep, they'll love Slip's silk sleep mask. It's made from 100% pure Mulberry silk for a luxe, light feel on their skin.  A simple necklace that reminds them of their intentions Bando Good Intentions Necklace, available at Amazon, $38A sweet necklace with an even sweeter mission. Choose from a selection of positive intentions like "optimism," "strength," or "gratitude," which they can carry with them throughout the day. For every necklace sold, a portion of the proceeds will be donated to the non-profit Girls Inc. A lip gloss that has all the benefits of a balm Sephora Tower28 Beauty Jelly Lip Gloss, available at Sephora, $14This clean-beauty favorite delivers the glossy sheen they'd expect from a lip gloss, but it's loaded with nourishing oils to keep lips hydrated, too.  A beautiful way to store olive oil Uncommon Goods Handblown Glass Olive Oil Pourer, available at Uncommon Goods, $44These stunning handmade jars can hold up to 12 ounces of olive oil or vinegar. Plus, they look beautiful sitting out on the kitchen counter. A bold lip color that'll last all day long Sephora Lancome L'Absolu Rouge Lipstick, available at Sephora, $32Whether it's a pale peach or a deep-red look they crave, they'll love this long-lasting lipstick with its saturated colors and hydrating formula. A set of playing cards inspired by music's greats Amazon Music Genius Playing Cards, available at Uncommon Goods, $10Whether they love game night, music, or are equal fans of both, they'll surely get a kick out of these playing cards. The pack features illustrations of all the big names in pop, rock, country, and R&B. A spray that any sneakerhead needs in their collection Amazon Jason Markk Repel, available at Amazon, $17If they love shoes, they should have the right products to take care of their favorite footwear. This spray protects shoes from stains caused by water and oil, and there are multiple people on our team who swear by it for every new pair of shoes they get. A set of colorful silicone straws that reduce plastic waste Food52 Five Two Silicone Straws Single Pack, available at Food52, $25Bendable, sustainable, and portable (thanks to the set of carrying cases), these fun straws are the accessory any eco-conscious person should have. An elevated hand sanitizer that fends off germs Touchland Power Mist Hand Sanitizer, available at Touchland, $9A lightweight, spray formula and refreshing scents make Touchland's hand sanitizer one they'll actually want to use. It dries quickly and doesn't leave residue or stickiness behind. A book subscription Book of the Month Book of the Month 3-month plan, available at Book of the Month, $49.99A subscription box that sends them an exciting new read catered to their tastes each month is the perfect gift for a bookworm. A unique case that protects their phone Casetify Casetify phone case, available at Casetify, starting from $39Our phones are our lifelines these days and if you know someone who's always glued to theirs, consider giving them a unique case that's as protective as it is pretty thanks to being drop-tested and shock-absorbent. They have options ranging from watercolor forest scenes to cute sayings to cuddly animals. You can even do a customized option and put their initials on it.   A coffee mug that keeps their drinks hot or cold for hours Amazon Hydro Flask Travel Coffee Mug, available at Amazon, $45.55Hydro Flask's Travel Coffee Mug is a team favorite. It combines the classic shape of a mug with Hydro Flask's TempShield insulation to keep beverages hot, or cold, for hours— a great gift for the coffee or tea lover who's always on the move.  Unisex House Slippers Etsy Japanese Waffle Linen Slipper Slides, available at Etsy, $28.23Clean space enthusiasts who enjoy a no outdoor shoe policy at their homes will appreciate these unisex house slippers. The waffle cloth pattern, platform bottom, and cushioned sole makes for a cute and cozy fit. These snug slippers are available in yellow, pink, gray, or coffee colors.  A cute reusable tote that can fit tons of stuff BAGGU Standard Baggu, available at Baggu, $12It's no wonder these bags are bestsellers — they can hold up to 50 pounds of stuff and come in a range of fun colors and patterns. Plus, at just $12, they're a great deal.  A portable straw that makes water drinkable Amazon LifeStraw Personal Water Filter, available at Amazon, $14.83This portable, personal water filter was one of the bestselling products on Prime Day. It filters water from creeks and rivers, making it perfect for hiking, camping, and travel. A classy carrying case to stash chargers Mark & Graham Leather Charger Roll-Up, available at Mark & Graham, from $29.99After they fill the three pockets with cables and chargers, all they have do is roll everything up and they're good to go. The soft, supple leather comes in a variety of fun colors and patterns.  A cult-favorite cast-iron skillet Amazon Lodge 12-inch Cast-Iron Skillet and Handle Holder, available at Amazon, $45.47Every cook needs a cast-iron skillet in their kitchen. Lodge makes some of the best out there, but at prices that won't break the bank.  A fitting vehicle for their post-run brews Uncommon Goods Etched Marathon Pint Glass, available at Uncommon Goods, $20If they like to celebrate a long run with a big pint, they'll appreciate these pint glasses etched with famous marathon routes.  A candle that reminds them of their favorite place Amazon Homesick Scented Candle, available at Amazon, $34This is a great gift that's sure to make anyone sentimental. Whether it's their hometown, college town, or favorite spot to vacation, a Homesick candle, with scents inspired by all sorts of locations, will bring them back to that favorite place.  A cold brew coffee maker to keep up with their iced coffee habit Amazon Takeya Cold Brew Coffee Maker, available at Amazon, $24.99If their morning ritual includes a cup of cold brew, they'll appreciate this convenient cold brew maker. All they have to do is fill it with their favorite coffee grinds, add water, let it sit, and they've got a glass of delicious cold brew on the way.  An easy-to-care-for plant The Sill Snake Plant, available at The Sill, $43Bring some life to their space with this cute snake plant that comes in a nice planter with multiple color options. With little attention needed, it's a great gift for amateur plant parents and experienced ones alike.  A luxury wallet perfect for daily use or travel Italic Albee Leather Zip Card Case, available at Italic, $30By partnering with the same manufacturers that make high-end pieces for brands like Celine, Burberry, and Prada, but ditching the designer labels and opting for a direct-to-consumer model, Italic is able to sell luxury goods at a fraction of the price. This sleek and simple leather card case would go for over $300 with a designer label, but at Italic it's a steal at just $35.  A rocks glass etched with a city map Uncommon Goods Urban Map Glass, available at Uncommon Goods, $18Whether you want to bring back fond memories of a place you visited together or just want a gift that highlights their favorite stomping grounds, you can cheers to these rocks glasses intricately etched with a city map and interspersed street names. Over 30 major US cities are available to choose from.To really up the ante, consider pairing the glass with a nice bottle of bourbon.  A dainty pair of gold hoops that go with everything Mejuri Midi Hoops, available at Mejuri, $50Jewelry always makes a great gift, though it's typically pricey. These dainty hoops from Mejuri are the perfect pair for every day, and they're only $50. An apron loaded with plenty of clever features Food52 Five Two Ultimate Apron, available at Food52, $45Anyone who spends a good amount of time in the kitchen will appreciate this durable apron with its sturdy fabric, clever pockets made to hold the essentials, and pot-holders built right in.  A lifetime of perks with an REI membership REI REI Membership, available at REI, $20A one-time, $20 payment will get them lifetime access to REI's membership program. The outdoorsy types in your life will appreciate the special offers, 10% back on purchases, member-pricing on REI classes and events, and the host of other membership perks. Learn more about the REI membership program here.  A simple and elegant photo calendar Artifact Uprising Walnut Desktop Photo Calendar, available at Artifact Uprising, from $30All of Artifact Uprising's customized photo gifts are simple, beautiful, and made from eco-friendly materials. This simple calendar is an easy choice for anyone on your list. Just pick 12 photos (one for each month) of the people and places they love most to add a special sentiment to their desk setup. A cozy, slouchy beanie Neff Instagram Neff Beanie, available at Amazon, $15.95Cold-weather accessories make a great gift for anyone who will be braving the cold come winter. Neff beanies come in a wide variety of colors and are the perfect combination of cute and cozy.  An easy way to grill kabobs Uncommon Goods Kabob Grilling Baskets, available at Uncommon Goods, $17Forget needing to spend time sticking every piece of meat or sliced veggie on a kebob stick. These baskets make it easy to perfectly grill you food and the basket makes for easy flipping. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 28th, 2021

Nordstrom (JWN) Down 8.5% Since Last Earnings Report: Can It Rebound?

Nordstrom (JWN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. A month has gone by since the last earnings report for Nordstrom (JWN). Shares have lost about 8.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Nordstrom due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Nordstrom Tops Earnings & Revenue Q2 Estimates, Ups ViewNordstrom reported impressive second-quarter fiscal 2021 results, wherein the top and bottom lines rose on a year-over-year basis. Results gained from solid demand, better inventory, stringent cost-cutting actions as well as improved sales trends in Nordstrom and Nordstrom Rack across regions and categories. Enhanced customer engagement, improved merchandise assortment and robust performance in the anniversary sale also contributed to quarterly growth. The company witnessed strength in shoes, apparel and accessories on a sequential basis with active, home and designer categories getting back to pre-pandemic level. Management lifted 2021 view.It remains focused on closer-to-you strategy which aims to link stores and services to expedite deliveries, expanding online offerings and adding cheaper merchandise at its Rack off-price stores, to improve customers shopping experience.Nordstrom posted adjusted earnings of 49 cents per share, which came ahead of the year-ago quarter’s loss of $1.62. The figure surpassed the Zacks Consensus Estimate of 26 cents.Total revenues surged 96.4% year over year to $3,657 million and beat the Zacks Consensus Estimate of $3,382 million. The company’s revenues represented a 700-bps sequential improvement from the first quarter of fiscal 2021, marking the fourth straight quarter of sequential top-line growth. However, net sales skyrocketed 101% year over year to $3,565 million while the metric declined 6% from second-quarter fiscal 2019. Credit Card net revenues grew 9.5% to $92 million.The company witnessed sturdy sales in the Anniversary event, with 1% growth from second-quarter fiscal 2019. The uptick can be attributable to improved traffic and sales, both in stores and online, stemming from positive customer response, trendy products and expanded capabilities, including convenient pick-up options at Nordstrom and Nordstrom Rack stores. The final week of the event fell in third-quarter fiscal 2021, which adversely impacted the top line by roughly 200 basis points (bps) compared with second-quarter fiscal 2019.In second-quarter fiscal 2021, net sales for the Nordstrom brand skyrocketed 127% year over year to $2,417 million. Sales for the Nordstrom Rack brand rose 61% year over year to $1,148 million. Nordstrom’s sales improved 800 bps sequentially, whereas Nordstrom Rack sales rose 500 bps. However, sales for Nordstrom and Nordstrom Rack brands reflected declines of 5% and 8% from second-quarter fiscal 2019, respectively.Momentum in the digital business continued to aid the top line. Digital sales advanced 30% year over year and 24% from the second quarter of fiscal 2019. The digital business witnessed gains from improved traffic across both Nordstrom and Nordstrom Rack. In the fiscal second quarter, digital sales represented 40% of net sales compared with 61% in the year-ago quarter. The company also completed the integration of Rack.com onto Nordstrom.com, thus, offering a better customer experience.  Nordstrom's gross profit margin expanded 1,370 bps year over year to 35% in the reported quarter. This substantial growth resulted from lower markdowns and leverage from higher net sales. However, gross margin remained flat as compared with second-quarter fiscal 2019 as lower markdowns somewhat offset drab sales. Ending inventory grew 13% from second-quarter fiscal 2019, owing to the timing shift of the anniversary sale and efforts to improve the supply chain and advanced sales trends.Selling, general and administrative (“SG&A”) expenses, as a percentage of sales, declined 1,350 bps year over year to 33% in the fiscal second quarter. The SG&A decline was mainly driven by leverage on higher sales and the continued benefit of permanently reducing overhead costs by 15%. SG&A expenses also gained from the absence of $250 million in charges associated with the impacts of COVID-19 in fiscal 2020. However, SG&A expenses increased 170 bps from second-quarter fiscal 2019 due to higher COVID-related labor and freight costs.Earnings before interest and taxes (“EBIT”) of $151 million reflected significant growth from a loss of $370 million in the year-ago quarter. The increase was mainly the result of higher sales volume and expanded merchandise margins. EBIT declined by $65 million from second-quarter fiscal 2019 due to higher freight, labor costs and drab sales volume, offset by gains from the resetting of cost structures in 2020.Other FinancialsNordstrom ended second-quarter fiscal 2021 with a strong balance sheet. Available liquidity as of Jul 31, 2021, was $1.3 billion, including $487 million of cash and cash equivalents. It had long-term debt (net of current liabilities) of $2,849 million and total shareholders’ equity of $268 million. As of Jul 31, 2021, the company used $545 million of net cash for operating activities and spent $217 million as capital expenditure.Fiscal 2021 OutlookDriven by solid quarterly results, management raised the fiscal 2021 view. The company anticipates revenue growth of 35%, up from the earlier mentioned 25%. It expects an EBIT margin of 3-3.5% compared with the previously mentioned 3%. Nordstrom forecast sales improvement in the third and fourth quarters of fiscal 2021 on a sequential basis.EBIT margin is likely to rise further, with gross margin improvement in the fiscal fourth quarter, driven by better inventory management and lower promotions. SG&A costs are expected to be higher in the second half of fiscal 2021 due to higher freight and labor costs.How Have Estimates Been Moving Since Then?It turns out, fresh estimates flatlined during the past month.VGM ScoresCurrently, Nordstrom has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookNordstrom has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>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 Nordstrom, Inc. (JWN): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 23rd, 2021

Tenneco (TEN) is a Top-Ranked Growth Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.The Style Scores are broken down into four categories:Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.How Style Scores Work with the Zacks RankThe Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.That's where the Style Scores come in.To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Tenneco (TEN)Tenneco Inc., headquartered in Lake Forest, IL, is a leading designer, manufacturer and supplier of clean air, powertrain and ride performance products and systems caters to light vehicle, commercial truck, off-highway, industrial and aftermarket customers. The company’s products can be used in light vehicle, commercial truck, off-highway, industrial and aftermarket customers. Few of Tenneco’s brands are- Monroe, Champion, Ohlins, MOOG, Walker, Fel-Pro, Wagner, Ferodo, Rancho, Thrush, National, and Sealed Power, among others.TEN is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.Additionally, the company could be a top pick for growth investors. TEN has a Growth Style Score of B, forecasting year-over-year earnings growth of 902.3% for the current fiscal year.Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased -$0.16 to $3.53 per share. TEN boasts an average earnings surprise of 23.5%.With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TEN should be on investors' short list. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>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 Tenneco Inc. (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2021

Dow Sets New Record and Clears 30K for the First Time

Dow Sets New Record and Clears 30K for the First Time The market was back to its record-setting ways on Tuesday, as three weeks’ worth of positive vaccine news has investors feeling pretty good about the future heading into the holiday season. In fact, they’re feeling so good that the Dow hit one of those milestone numbers like in the pre-pandemic days. The Dow closed above 30,000 for the first time ever. It climbed 1.54% (or nearly 455 points) to 30,046.24. That brings its two-day total to just over 780 points after slipping 0.7% last week. The S&P is also at a new closing high by jumping 1.62% to 3635.41. These indices were both at new highs on Monday, November 16th, before a few days of selloffs led to the market’s first negative week of the month. However, things are looking pretty good for this week, especially since there’s only a day-and-a-half left due to Thanksgiving. The NASDAQ isn’t at new highs yet, but it still advanced 1.31% (or around 156 points) to 12,036.79. That’s pretty good given that money is flowing into recovery names now and out of the stocks that helped this index keep everything afloat this year. The FAANGs were all higher, especially Facebook (FB, +3.16%). Meanwhile, Apple (AAPL), Netflix (NFLX) and Alphabet (GOOG) were all up more than 1% as well. So, we all know what’s happening right now. Yesterday was the third Monday in a row with some very encouraging vaccine news. Most recently, AstraZeneca (AZN) and the University of Oxford said their candidate had a 70% efficacy, and more than 90% under certain conditions. And this came after Pfizer (PFE)/BioNTech and Moderna (MRNA) released data with efficacy rates of around 95%. Let’s see if the market can rally into the holiday tomorrow and add onto this month’s epic gains. Today's Portfolio Highlights: Options Trader: It was a busy session for the portfolio as Kevin added four names on Tuesday. Those new signals were: • Snap-on (SNA) – bought to open a March 185.00 Call • SS&C Tech (SSNC) – bought to open two April 70.00 Calls   • Vulcan Materials (VMC) – bought to open a May 155.00 Call • Lennar (LEN) – added a few bull call spreads There’s too much information to breakdown right here, so make sure to read the editor’s complete commentary for all the specifics on these moves. Stocks Under $10: The pandemic has really brought to light the need for better medical testing, which was the idea behind the addition of Quotient Ltd. (QTNT) on Tuesday. This medical instruments play is focused on transfusion diagnostics and has a fully automated platform for use in donor centers and patient testing sites. The Zacks Rank #2 (Buy) topped the Zacks Consensus Estimate in each of the last four quarters, including a surprise of 48% in the most recent report. The editor thinks QTNT will be getting more attention from the market after this solid beat, so he added it today while “others are just looking”. The complete commentary has more on this new buy. By the way, this service had a top performer today with Cross Country Healthcare (CCRN) rising 9%. ETF Investor: Small caps are back! The deluge of positive vaccine data has the market looking toward the future, so Neena thinks this small-cap rally has legs and will continue for months. The portfolio already has some exposure to this asset class, but the editor added more on Tuesday by buying the Vanguard Small-Cap Value ETF (VBR). The fund tracks the CRSP US Small Cap Value Index, which means it focuses on stocks that are cheap right now but could move higher in a new market dynamic. Its top sectors are financials, industrials and consumer discretionary. The portfolio also sold Vanguard Health Care ETF (VHT) today, which Neena considers to be an underperformer but still brings a gain of 17.9%. Read the full write-up for more. TAZR Trader: The consumer discretionary space is charging higher despite rising coronavirus cases and no stimulus, so Kevin thought this was a great time to add more Shopify (SHOP). He bought a small 5% position in this cloud-based e-commerce platform back on October 29 with plans to buy more moving forward. And today it happened as the stock appears to be “forming a bull flag consolidation before busting through the 50-day”. The editor thinks this Zacks Rank #2 (Buy) will see new highs around $1200 in the next three months. Perhaps most importantly though, one of Kevin’s favorite hedge fund managers made SHOP his top holding in Q3. Read the complete commentary for all the specifics on this move. Large-Cap Trader: The portfolio swapped out three positions on Tuesday, which began by cashing in a double-digit winner and two other profitable returns. John sold Mohawk Industries (MHK) for a 41% return, while also getting out of 3M Company (MMM, +9.5%) and Whirlpool (WHR, +6.1%). All of these stocks were added on October 28. The editor took the money and split it equally into the following three names: • Jabil (JBL) – provider of electronic manufacturing services and solutions. • Tapestry (TPR) -- a house of modern luxury lifestyle brands • Lab Corp. of America (LH) -- a leading global life sciences company These new buys are all Zacks Rank #1s (Strong Buys) that reported big EPS surprises in their most recent quarters. The editor believes the Growth at a Reasonable Price (GARP) set-ups are also a “main attraction”. Learn much more about all of these additions in the complete commentary. Insider Trader: Homebuilding insiders are starting to make moves right now, since business is just too good and the prices just too cheap to pass up. For example, Beazer Homes (BZH) saw one of its directors buy 5950 shares last week, which was just a day after being awarded 9,177 shares in stock options. Tracey considers this to be a “powerful message” and further evidence that the trend with homebuilders is real and not just a pandemic play. BZH is a Zacks Rank #1 (Strong Buy) that saw the highest level of orders in a decade in its fiscal fourth quarter. Shares are up since the coronavirus lows, but haven’t eclipsed pre-Covid levels. The editor sees a great opportunity with BZH, so she added the stock on Tuesday with a 9.8% allocation. That was all of the portfolio’s remaining cash. Read the full write-up for more.  Counterstrike: If you have a weak stomach, you might want to stay away from Overstock (OSTK). This e-commerce service provider is known for “violent” moves. For example, the stock was trading under $3 in April and as high as $128.50 a couple months ago. It’s no wonder that Jeremy calls this a “ridiculous” stock. However, it’s also a Zacks Rank #2 (Buy) that reported a positive surprise of 317% last time. Shares plunged after the report, which put OSTK right into the editor’s wheelhouse. After getting some confirmation of support, he decided to buy the stock on Tuesday. However, Jeremy is taking a smaller, 6% allocation and will double-down on the next wild swing upward. He thinks it can get to $85 pretty quickly. The portfolio also sold Levi Strauss (LEVI) for a 22.6% return in just under six weeks as the stock nears its targets. See the complete commentary for more on today’s action. Surprise Trader: Yep, there are still earnings reports coming out! Dave is especially interested in Autohome (ATHM), an online automotive website in China that reports before the bell on Monday, November 30. There’s an Earnings ESP of 3.81% heading into the report, while earnings growth is expected at more than 28% for the quarter. All-time highs for the stock are still about $20 away, so there’s plenty of running room moving forward. The editor added ATHM on Tuesday with an 11% allocation, while also getting out of the underperforming Purple Innovation (PRPL) position. See the complete commentary for more.   Black Box Trader: Only one change for the portfolio in this week's adjustment, which is coming a day late due to some technical difficulties. The stock that left the service today was AECOM (ACM, +2.3%) and it was replaced by adding The Container Store (TCS). Read the Black Box Trader’s Guide to learn more about this computer-driven service designed to take the emotion out of investing. Zacks Short Sell List: The portfolio replaced four positions in this week's adjustment. The stocks that were short-covered included: • GDS Holdings (GDS, +3.4%) • A-Mark Precious Metals (AMRK, +1.2%) • StoneCo (STNE) • ConocoPhillips (COP) The new buys that filled these spots were: • Elanco Animal Health (ELAN) • Incyte (INCY) • Nuance Communications (NUAN) • Ulta Beauty (ULTA)      Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short Sell List Trader Guide. Until Next Time, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. 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Category: topSource: zacksSep 21st, 2021