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Russian Lawmaker Says He Would "Execute" People By Firing Squad For Buying And Selling Fake Vaxx Cards 

Russian Lawmaker Says He Would 'Execute' People By Firing Squad For Buying And Selling Fake Vaxx Cards  The rise in counterfeit vaccine certificates has enranged one Russian lawmaker who proposed that anyone who buys or sells certificates be executed by firing squad. He even said he would pull the trigger himself.  Vladimir Sidorov, a Russian lawmaker from the ruling United Russia party serving in the region of Duma in Ryazan, told fellow legislators on Tuesday the need for harsher punishments for people who buy and sell the documents illegally. "It is necessary to shoot them," he shouted. Sidorov said he "would participate in the shootings." "Be sure to do it! You and I have no other choice," he urged fellow lawmakers.  The emotionally charged lawmaker immediately walked back his speech after it went viral on social media and sparked criticism among netizens. He said he was emotionally overwhelmed during his rant after the loss of his wife to COVID. He did emphasize that anyone who buys or sells fake vaccination certificates should face "tough punishment." He added that "no one likes restrictions, but vaccination is the key to surviving a pandemic." As Russians flock to the black market for fake vaccine certificates, provincial lawmaker Vladimir Sidorov offers a solution: Shoot them all. “I’d join the firing squad myself,” he says, apparently not joking. Obviously the United Russia member never did anything to skirt rules. pic.twitter.com/4CyYvMPzpw — Matthew Luxmoore (@mjluxmoore) November 24, 2021 Shindorov's call for harsher punishments coincided with the Russian Ministry of Health's proposal to slap anyone who sells fake vaccination cards with fines up to $67,150. The severity of the penalty depends on if the person acted alone or as part of an organized crime gang.  Russian Deputy Prime Minister Tatyana Golikova announced plans earlier this month to make QR codes on smartphones a form of health passport for entry into restaurants and retail shops across the country to combat counterfeit vaccines certificates.  Russia is battling the fourth wave of the virus pandemic as the death toll continues to climb to near all-time highs, but the number of new infections has waned. The surge in deaths comes amid low vaccination rates.  Governments worldwide are cracking down on fake COVID certificates. No politician (besides one in Russia) has dared to mention they would execute someone for selling fake vaxx cards but rather slap them with hefty fines.  Tyler Durden Thu, 11/25/2021 - 05:45.....»»

Category: blogSource: zerohedgeNov 25th, 2021

Economic Theory & Long-Wave Cycles

Economic Theory & Long-Wave Cycles Authored by Alasdair Macleod via GoldMoney.com, Investors and others are confused by the early stages of accelerating price inflation. One misleading belief is in cycles of industrial production, such as Kondratieff’s waves. The Kondratieff cycle began to emerge in financial commentaries during the inflationary 1970s, along with other wacky theories. We should reject them as an explanation for rising prices today. This article explains why the only cycle that matters is of bank credit, from which all other cyclical observations should be made. But that is not enough, because on their own cycles of bank credit do not destroy currencies - that is the consequence of central bank policies and the expansion of base money. The relationship between base money and changes in a currency’s purchasing power is not mechanical. It merely sets the scene. What matters is widespread public perceptions of how much spending liquidity is personally needed. It is by altering the ratio of currency-to-hand to anticipated needs that purchasing power is radically altered, and in the earliest stages of a hyperinflation of prices it leads to imbalances between supply and demand, resulting in the panic buying for essentials becoming evident today. Panics over energy and other necessities are only the start of it. Unless it is checked by halting the expansion of currency and credit, current dislocations will slide rapidly into a wider flight from currency into real goods - a crack-up boom. Introduction For eighteen months, the world has seen a boom in commodity prices, which has inevitably led to speculation about a new Kondratieff, or K-wave. Google it, and we see it described as a long cycle of economic activity in capitalist economies lasting 40—60 years. It marks periods of evolution and correction driven by technological innovation. Today’s adherents to the theory describe it in terms of the seasons. Spring is recovery, leading into a boom. Summer is an increase in wealth and affluence and a deceleration of growth. Autumn is stagnating economic conditions. And winter is a debilitating depression. But these descriptions did not feature in Kondratieff’s work. Van Duijan construed it differently around life cycles: introduction, growth, maturity, and decline. We must discard the word growth, substituting for it progress. Growth as measured by GDP is no more than an increase in the amount of currency and bank credit in circulation and therefore meaningless. Most people who refer to growth believe they are describing progress, or a general improvement in quality of life. Instead, they are sanctioning inflationism. There is little doubt that economic progress is uneven, but that is down to innovation. Kondratieff’s followers argue that innovation is a cyclical phenomenon, otherwise as a cyclical theory it cannot hold water. An economic historian would argue that the root of innovation is the application of technological discoveries which by their nature must be random, as opposed to cyclical, events. Furthermore, a decision must be made about how to measure the K-wave. Is it of fluctuations in the price level and of what, or of output volumes? Bear in mind that GDP and GNP were not invented until the 1930s, and all prior GDP figures are guesswork. Is it driven by Walt Rostow’s contention that the K-wave is pushed by variations in the relative scarcity of food and raw materials? Or is it a monetary phenomenon, which appeared to cease after the Second World War, when currency expansion was not hampered by a gold standard? It was an argument consistent with that put forward by Edward Bernstein, who was a key adviser to the US delegation at Bretton Woods, when he concluded that the war need not be followed by the deep post-war depression which based on historical precedent was widely expected at the time. Kondratieff’s wave theories were buried by the lack of a post-war slump, until price inflation began to increase in the 1970s and Kondratieff became fashionable again. Kondratieff maintained that his wave theory is a global capitalist phenomenon, applicable to and detected in major economies, such as those of Britain, America, and Germany. But there is no statistical evidence of a long wave in Britain’s industrial production in the first half of the nineteenth century, when Britannia ruled the economic waves. And while there were financial crises from time to time, the downward phase to complete Kondratieff’s cycle never materialised. Today, with K-waves being fundamental to so much analysis of cyclical factors and their extrapolation, the lack of evidence and rigour in Kondratieff theory should be concerning to those who believe in it. That there are variations in the pace of human progress is unarguable, and that there is a discernible cycle of them beyond mundane seasonal influences cannot be denied. But that is a cycle of credit, a factor which was at least partially understood by Bernstein, when he correctly surmised that the way to bury a post-war depression was by expanding the quantity of money. Bank credit cycles and inflation When the inflation of money supply is mostly that of bank credit, it is cyclical in nature. Its consequences for the purchasing power of the currency conforms with the cycle, but with a time lag. Furthermore, the effect is weaker in a population which tends to save than with one which tends to spend more of its income on immediate consumption. No further comment is required on this effect, other than to state that over the whole cycle of bank credit prices are likely to be relatively stable. This was the situation in Britain, which dominated the global economy for most of the period between the introduction of the gold sovereign following the 1816 Coinage Act until the First World War. Figure 1 confirms that despite fluctuating levels of bank credit, from 1822—1914 the general level of prices was broadly unchanged. The price effect of the expansion of coin-backed currency between the two dates and the increase in population offset the reduction of costs in production through a combination of improvements in production methods, technological developments, and increased volumes. What cannot be reflected in the graph is the remarkable progress made in improving the standards of living for everyone over the nineteenth century. The gold standard was abandoned at the start of the First World War, and the general level of prices more than doubled. Having seen prices rise during the war, in December 1919 the Cunliffe Committee recommended a return to the gold standard and the supply of currency was restricted from 1920 with this objective in mind. A gold bullion standard instead of a coin standard was introduced in 1925, tying sterling at the pre-war rate of $4.8665, which remained in place until 1931.[iv] From thereon, the purchasing power of the currency began its long decline as central bank money supply expanded. There is no long-term cyclicality in these changes. Following the abandonment of the gold standard, and in line with other currencies which abandoned gold convertibility in the 1930s sterling simply sank. The key to this devaluation is not fluctuations in bank credit, but the expansion of base currency. And there is no evidence of a Kondratieff, or any other long-term cycle of production. It can only be a monetary effect. The role of money in long waves It is worth bearing in mind that the so-called evidence discovered by Kondratieff was in the mind of a Marxist convinced that capitalism would fail. The downturn of a capitalist winter, or decline in growth — whatever definition is used, was baked in the anti-capitalist cake. The Marxists and other socialists were and still are all too ready to claim supposed failings of capitalism, evidenced in their eyes by periodic recessions, slumps, and depressions. Kondratieff’s economic bias may or may not have coloured his analysis — only by digging deeply into his own soul could he have answered that. But in the absence of firm evidence supporting his wave theory we should discard it. After all, there is a rich history of the religious zeal with which spurious theories in the fields of economics and money arise. The consequences of sunspot cycles and the supposed importance of anniversary dates are typical of this ouija board theme. Non-monetary cycle themes such as that devised by Kondratieff have socialism at their core. It is assumed that capitalists, bourgeois businessmen seeking through the division of labour to manufacture and supply consumer goods for profit, in their greed are reckless about commercial risks from overinvestment. This is nonsense. Fools are quickly discovered in free markets, and they are also quickly dismissed. Successful entrepreneurs and businessmen are very much aware of risk and do not embark on projects in the expectation they will be unprofitable, and it is therefore untrue to suggest that the capitalist system fails for this reason. To the contrary, markets that are truly free have been entirely responsible for the rapid improvement in the human condition, while it is government intervention that leads to periodic crises by interfering in the relationships between producers and consumers and setting in motion a cycle of interest rate suppression and currency expansion. Markets which are truly free deliver economic progress by anticipating consumer demands and deploying capital efficiently to meet them. It is no accident that economies with minimal government intervention deliver far higher standards of living than those micro-managed by governments. Hong Kong under hands-off British administration, with no natural resources and enduring floods of impoverished refugees from Mainland China stood in sharp contrast with China under Mao. Post-war East and West Germany, populated by the same ethnic people, the former communist and the latter capitalist, provides further unarguable proof that capitalism succeeds where socialism fails. Marxist socialism kills cycles by the most brutal method. It cannot entertain the economic calculations necessary to link production with anticipated demand. There is no mechanism for the redistribution of capital for its more efficient use. Consumption is never satisfied, and consumers must wait interminably for inferior products to be supplied. Any pretence at a cycle is simply suppressed out of existence. Almost all long-wave literature assumes that prices change due to supply and demand for commodities and goods alone, and never from variations in the quantity of money and credit. But even under a gold standard, the quantities of money and credit varied all the time. In Britain, and therefore in the rest of the financially developed world which adopted its banking practices, gold was merely partial backing for currency and bank deposits, which since the days of London’s goldsmiths also lubricated the creation of debt outside the banking system. While originally gold was used as coin money, since 1914 when Britain went off the gold coin standard even this role in transactions ceased. Having explained the random nature of free market capitalism, the difference from capitalistic banking must be explained. It owes its origin to London’s goldsmiths, who took in deposits to use for their own benefit, paying six per cent out of the profits they made by dealing in money. This evolved into fractional reserve banking which became the banking model for the British Empire and the rest of the world. As well as renewing the Bank of England’s charter, the Bank Charter Act of 1844 further legitimised fractional reserve banking by giving in to the Banking School’s argument that the amount of credit in circulation is adequately controlled by the ordinary processes of competitive banking. If banks acted independently from one another competing for customers and business, we might reasonably conclude that there would be from time-to-time random bank failures without cyclicality, as the Banking School argued. In capitalistic commerce, it is this process of creative destruction that ensures consumers are best served and an economy progresses to their advantage. But with banks, it is different. Each bank creates deposits which are interchanged between other banks, and imbalances are centrally cleared. Therefore, every bank has financial relations with its competitors and is exposed to its competitors’ counterparty risks, which if acted upon creates losses for themselves and other banks, risking in extremis a system-wide crisis. Banking is therefore a cartel whose members acting in their own interests tend to act in unison. In the nineteenth century his led to systemic crises, the most infamous of which were the Overend Gurney and Baring failures. It was to address this systemic risk that central banking took upon itself the role of lender of last resort, so that in future these failures would be contained. But this mitigation of risk merely strengthened the banking cartel even further, leading to the possibility of a complete banking and currency failure. And since bankers have limited liability and personally risk little more than their salary in the knowledge that a central bank will always backstop them, reckless balance sheet expansion is richly rewarded — until it fails. Fred “the shred” Goodwin, who grew a staid Royal Bank of Scotland to become the largest bank in Europe before it collapsed into government ownership was a recent example of the genre. It is these differences between banking and other commercial activities that drive a cycle of bank credit expansion and contraction while non-financial business activities cannot originate cycles. The state-sponsored structure of the banking system attempts to control it. Governments through their central banks also trigger a boom in business activity by suppressing interest rates as the principal means of encouraging the growth of currency and credit. The distortions created by these interventions and their continuence inevitably lead to a terminating crisis. As Ludwig von Mises put it: “The wavelike movement affecting the economic system, the recurrence of periods of boom which are followed by periods of depression, is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." A long period of credit expansion with relatively minor hiccups ending in such a crisis could easily be confused with a Kondratieff 40—60-year cycle. But the error is to mistake its origins. Kondratieff tried to persuade us that the boom and bust was a feature of capitalist business failings when it is a currency and credit problem. The irony is that Stalin refused to admit even to an expansionary phase in capitalism, condemning Kondratieff to the gulags, and then a firing squad in 1938. He lived as a Marxist-Leninist and was executed by the system he venerated. Having identified the source of cycles as being a combination of state action and fluctuations in currency and credit in a state-sponsored banking system and not capitalistic production for profit, we can admit that there are further cyclical consequences. Whether they exist or not is usually a matter of conjecture. Purely financial cycles, such as Elliott Wave Theory, will also owe their motive forces to cycles of credit and not business activity. The effect on commodity and consumer prices Kondratieff wave followers claim that commodity bull and bear markets are the consequence of a K-wave spring and summer followed by autumn, when it tops out, and winter when it collapses before rising into the next K-wave cycle. But we have demonstrated that the K-wave is not supported by the evidence. Instead, changes in the general level of commodity prices are a function of changes in the quantity of money. And as we have seen, there is a base component and a cyclical component of bank credit. We must now refocus our attention from the long-run UK statistics shown in Figure 1 to the contemporary situation for the US dollar, in which commodities have been priced almost exclusively since the early 1970s. The chart from the St Louis Fed below is of an index of industrial materials from 1992. We can see why the Kondratieff myth might be perpetuated, with industrial material prices more than halving between 2011 and 2016. But these swings came substantially from the dollar side of prices, whose trade-weighted index rose strongly between these dates. Between 2016—2018 the dollar weakened, before strengthening into 2020. Clearly, it was the purchasing power of the dollar driving speculative as well as commercial flows in international commodity markets. In March 2020, the Fed reduced its fund rate to the zero bound and announced QE (money-printing) of an unprecedented $120bn every month. Figure 2 below shows the consequences for the general level of commodity prices. Since late-March, the components of this ETF have almost doubled in price, and after a period of consolidation appear to be increasing again. K-wave followers might conclude that it is evidence of a new Kondratieff spring or summer, with the global economy set for a new spurt of economic “growth”. But this ignores the expansion of the Fed’s balance sheet reflected in base money, which is the next FRED chart. The monetary base has approximately doubled since the Fed’s March 2020 stimulus, additional to the post-Lehman crisis expansion. The last expansion undermined the purchasing power of the dollar to a similar extent in terms of the commodity prices shown in Figure 2. Evidential consequences of price inflation Sudden increases in the money quantity have disruptive effects on markets for goods and services and the behaviour of individuals. As well as undermining a currency’s purchasing power, supplies of essential goods become disordered by unexpected shifts in demand. Throughout history there has been evidence of these inflationary consequences, often exacerbated by statist attempts to impose price controls. The Roman emperor Diocletian with his edict on maximum prices caused starvation for citizens, who were forced to leave Rome to forage for food in the surrounding countryside. The edict made the provision of food uneconomic, leading to extreme scarcity. During the reign of Henry I in England there was a monetary crisis in 1124 from the debasement of silver coins, which combined with a poor harvest drove up the prices of staples, causing widespread famine. The French revolution has been attributed to the insensitivity of royalty and the aristocracy to the masses; but it occurred at the time of the assignat inflation, which led to aggravated discontent among the lower orders and the storming of the Bastille. And today, we have widespread disruption of essential supplies, ranging from energy to carbonated foodstuffs. The lesson from history is it has only just started. Why today’s logistics and energy disruptions have only just started The problems arise because individuals’ knowledge of the relationship between money and goods comes from the immediate past. They use that knowledge to decide what to buy for future consumption, and if they are in business, for production. In the latter case, they might change inventory policies from today’s just-in-time practices to ensure an adequate stock of components is available, driving up demand for them and creating shortages of vital factors of production. Consumers faced with shortages will alter the balance between their money liquidity and goods for which they may not have an immediate need but expect to consume at a future date. Bank account balances and credit available on credit cards will be drawn down, for example, to fill their car tanks with fuel, even though no journey is planned. And as we see in the UK today, it rapidly leads to fuel shortages and rationing at the petrol pumps. While the authorities try to calm things down, either by denying there is a supply problem or by imposing price controls, consumers are likely to see these moves as propaganda and justification for reducing money liquidity even further by purchasing yet more goods. The flight out of currency liquidity has a disproportionate effect on prices, particularly for essentials. They will simply drive prices higher until no further price rises are expected. Or put more accurately, the value of the currency continues to fall. It is worth illustrating the problem for its true context. If on the one hand everyone decides they would rather have as much cash in hand money as possible rather than goods, prices will collapse. It is, as a matter of fact, a situation which cannot occur. If alternatively, everyone decides to dispose of all their liquidity by buying everything just to get rid of the currency, then the purchasing power of the currency sinks to zero. Unlike the former case, this can and does happen, when it becomes widely recognised that the currency might become worthless. In other words, a state-issued unbacked currency then collapses. Almost no one, so far, attributes today’s logistical and economic dislocations to monetary inflation, yet as pointed out above, empirical evidence points to a clear connection. Governments and central banks also seem unaware. But they appear to sense that there is an undefinable risk of consumer panic, making fuel and other shortages even worse. So far, the blame lies with logistic failures, which seem to be getting worse. Comments from leading central bankers, currently meeting in Portugal and organised by the ECB, confirm the official position of playing popular tunes while the ship goes down. The heads of the Fed, the ECB, the Bank of England, and the Bank of Japan are quoted in the Daily Telegraph as agreeing that staff shortages, shipping chaos and surging fuel costs are likely to cause further disruption as winter draws near. Andrew Bailey, Governor of the Bank of England, warned “…that the UK’s GDP will not recover to pre-pandemic levels until early next year”. But besides the Bank keeping a close watch on inflation, he commented that monetary policy can’t solve supply side shocks. Jay Powell admitted that at the margin apparently bottleneck and supply chain problems are getting marginally worse. But all the central bankers agreed that price pressures will be temporary. We can see from these comments a desire not to rock the boat and cause further panic among consumers. More worrying is the insistence that inflation remains a temporary problem. Unless there is a move to stop the monetary printing presses, they must believe it. It is confirmation that there is no intention to change monetary policy. But these problems are not restricted to the West. This week we learn that even China, which has followed a policy of restricting monetary growth, faces an energy crisis with coal at power plants critically low, and coal prices up fourfold. Energy is being rationed with production of everything from food and animal feedstuffs to steel and aluminium plants supplying other factories, which in turn face power outages. China is the world’s manufacturing hub. The United States relies on China’s exports. There were some seventy container ships at anchor or at drift areas off San Pedro earlier this week, but after dropping slightly the numbers are expected to rise again. And in China, there are delays at ports of more than three days in Busan, Shanghai, Ningbo and Yantian. Ship charter rates have rocketed from $10,000 a day to as much as $200,000.[ix] There can be no doubt as the northern hemisphere enters its winter that the consuming nations in America and Europe will see yet more product shortages, more price rises, and continuing logistics disruption. Central banks will become increasingly desperate to discourage consumers’ from hoarding items by claiming that shortages and price increases are transitory. What they fail to realise is that the consequences of currency debasement have led to consumption goods being wrongly priced, fuelling the shortages. These shortages can only be addressed by yet higher prices, even in the absence of further monetary debasement — until no further price increases are expected by consumers. But with massive and increasing government deficits to finance, central banks have no mandate to restrict the expansion of currency. An acceleration of monetary debasement as each unit of it buys less is therefore inevitable because consumers and businesses alike will begin to understand there is no limit to prices increasing. Left to its logical conclusion, the purchasing power of a currency falls exponentially until it has no value left. The speed at which it happens depends on the time taken for acting humans to realise what is happening. Unless it is stopped, an economy experiences what in the 1920s was described as a flight into real goods, or a crack-up boom. Economists today seem unable to comprehend the instability caused by monetary inflation. They adopt their models to ignore it. As von Mises put it, “The mathematical economists are at a loss to comprehend the causal relation between the increase in the quantity of money and what they call ‘velocity of circulation’". The confusion in the minds of central bank economists renders it unlikely that they will take the actions necessary to stop their currencies sliding towards worthlessness sooner rather than later. Central to resolving the problem is maintaining confidence that the currency will retain its purchasing power. But with the advent of cryptocurrencies, there is a growing proportion of the public who understand in advance of inflationary consequences that fiat currencies are being debauched at an accelerating rate. This represents a major change from the past, when, as Keynes put it supposedly quoting Lenin, “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction and does it in a manner which not one man in one million is able to diagnose”. The fact that millions now do understand the currency is being debauched is likely to make it more difficult for the state to maintain confidence in the currency in these troubled times. We should know that what is happening to commodity prices is not some long-term Kondratieff wave, or any other wave with origins in production beyond purely seasonal factors. We can say unequivocally that the cause is in changing quantities of currency and bank credit. We can also see that there are yet further effects driving prices higher from the expansion of currency so far. We can expect currency expansion to continue, so prices of commodities and consumer goods will continue to rise. Or put in a way in which it is likely to become more widely understood as the current hiatus continues, the purchasing power of the currencies in which prices are measured will continue to fall. Tyler Durden Mon, 10/04/2021 - 21:40.....»»

Category: blogSource: zerohedgeOct 4th, 2021

BTFDers Unleashed: Futures, Yields, Oil Jump As Omicron Panic Eases

BTFDers Unleashed: Futures, Yields, Oil Jump As Omicron Panic Eases As expected over the weekend, and as we first noted shortly after electronic markets reopened for trading on Sunday, S&P futures have maintained their overnight gains and have rebounded 0.7% while Nasdaq contracts jumped as much as 1.3% after risk sentiment stabilized following Friday’s carnage and as investors settled in for a few weeks of uncertainty on whether the Omicron variant would derail economic recoveries and the tightening plans of some central banks. Japan led declines in the Asian equity session (which was catching down to Friday's US losses) after the government shut borders to visitors. The region’s reopening stocks such as restaurants, department stores, train operators and travel shares also suffered some losses.  Oil prices bounced $3 a barrel to recoup some of Friday's rout, while the safe haven yen, Swiss franc and 10Y Treasury took a breather after its run higher. Moderna shares jumped as much as 12% in pre-market trading after Chief Medical Officer Paul Burton said he suspects the new omicron coronavirus variant may elude current vaccines, and if so, a reformulated shot could be available early in the new year. Which he would obviously say as his company makes money from making vaccines, even if they are not very efficient. Here are some of the other notable premarket movers today: BioNTech (BNTX US) advanced 5% after it said it’s starting with the first steps of developing a new adapted vaccine, according to statement sent by text. Merck & Co. (MRK US) declined 1.6% after it was downgraded to neutral from buy at Citi, which also opens a negative catalyst watch, with “high probability” the drugmaker will abandon development of its HIV treatment. A selection of small biotechs rise again in U.S. premarket trading amid discussion of the companies in StockTwits and after these names outperformed during Friday’s market rout. Palatin Tech (PTN US) +37%, Biofrontera (BFRI US) +22%, 180 Life Sciences (ATNF US) +19%. Bonds gave back some of their gains, with Treasury futures were down 11 ticks. Like other safe havens, the market had rallied sharply as investors priced in the risk of a slower start to rate hikes from the U.S. Federal Reserve, and less tightening by some other central banks. Needless to say, Omicron is all anyone can talk about: on one hand, authorities have already orchestrated a lot of global panic: Britain called an urgent meeting of G7 health ministers on Monday to discuss developments on the virus, even though the South African doctor who discovered the strain and treated cases said symptoms of Omicron were so far mild. The new variant of concern was found as far afield as Canada and Australia as more countries such as Japan imposed travel restriction to try to seal themselves off. Summarizing the fearmongering dynamic observed, overnight South African health experts - including those who discovered the Omicron variant, said it appears to cause mild symptoms, while the Chinese lapdog organization, WHO, said the variant’s risk is “extremely high”. Investors are trying to work out if the omicron flareup will a relatively brief scare that markets rebound from, or a bigger blow to the global economic recovery. Much remains unanswered about the new strain: South African scientists suggested it’s presenting with mild symptoms so far, though it appears to be more transmissible, but the World Health Organization warned it could fuel future surges of Covid-19 with severe consequences. "There is a lot we don't know about Omicron, but markets have been forced to reassess the global growth outlook until we know more," said Rodrigo Catril, a market strategist at NAB. "Pfizer expects to know within two weeks if Omicron is resistant to its current vaccine, others suggest it may take several weeks. Until then markets are likely to remain jittery." "Despite the irresistible pull of buying-the-dip on tenuous early information on omicron, we are just one negative omicron headline away from going back to where we started,” Jeffrey Halley, a senior market analyst at Oanda, wrote in a note. “Expect plenty of headline-driven whipsaw price action this week.” The emergence of the omicron strain is also complicating monetary policy. Traders have already pushed back the expected timing of a first 25-basis-point rate hike by the Federal Reserve to July from June. Fed Bank of Atlanta President Raphael Bostic played down economic risks from a new variant, saying he’s open to a quicker paring of asset purchases to curb inflation. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen speak before Congress on Tuesday and Wednesday. “We know that central banks can quickly switch to dovish if they need to,” Mahjabeen Zaman, Citigroup senior investment specialist, said on Bloomberg Television. “The liquidity playbook that we have in play right now will continue to support the market.” European stocks rallied their worst drop in more than a year on Friday, with travel and energy stocks leading the advance. The Stoxx 600 rose 0.9% while FTSE 100 futures gain more than 1%, aided by a report that Reliance may bid for BT Group which jumped as much as 9.5% following a report that India’s Reliance Industries may offer to buy U.K. phone company, though it pared the gain after Reliance denied it’s considering a bid. European Central Bank President Christine Lagarde put a brave face on the latest virus scare, saying the euro zone was better equipped to face the economic impact of a new wave of COVID-19 infections or the Omicron variant Japanese shares lead Asian indexes lower after Premier Kishida announces entry ban of all new foreign visitors. Hong Kong’s benchmark Hang Seng Index closed down 0.9% at the lowest level since October 2020, led by Galaxy Entertainment and Meituan. The index followed regional peers lower amid worries about the new Covid variant Omicron. Amid the big movers, Galaxy Entertainment was down 5.4% after police arrested Macau’s junket king, while Meituan falls 7.1% after reporting earnings. In FX, currency markets are stabilizing as the week kicks off yet investors are betting on the possibility of further volatility. The South African rand climbed against the greenback though most emerging-market peers declined along with developing-nation stocks. Turkey’s lira slumped more than 2% after a report at the weekend that President Recep Tayyip Erdogan ordered a probe into foreign currency trades. The Swiss franc, euro and yen retreat while loonie and Aussie top G-10 leaderboard after WTI crude futures rally more than 4%. The Bloomberg Dollar Spot Index hovered after Friday’s drop, and the greenback traded mixed against its Group-of-10 peers; commodity currencies led gains. The euro slipped back below $1.13 and Bunds sold off, yet outperformed Treasuries. The pound was steady against the dollar and rallied against the euro. Australian sovereign bonds pared an opening jump as Treasuries trimmed Friday’s spike amid continuing uncertainty over the fallout from the omicron variant. The Aussie rallied with oil and iron ore. The yen erased an earlier decline as a government announcement on planned border closures starting Tuesday spurred a drop in local equities. The rand strengthens as South African health experts call omicron variant “mild.” In rates, Treasuries were cheaper by 4bp-7bp across the curve in belly-led losses, reversing a portion of Friday’s sharp safe-haven rally as potential economic impact of omicron coronavirus strain continues to be assessed. The Treasury curve bear- steepened and the benchmark 10-year Treasury yield jumped as much as 7 basis points to 1.54%; that unwound some of Friday’s 16 basis-point plunge -- the steepest since March 2020.  Focal points include month-end on Tuesday, November jobs report Friday, and Fed Chair Powell is scheduled to speak Monday afternoon. Treasuries broadly steady since yields gapped higher when Asia session began, leaving 10-year around 1.54%, cheaper by almost 7bp on the day; front-end outperformance steepens 2s10s by ~3bp. Long-end may draw support from potential for month-end buying; Bloomberg Treasury index rebalancing was projected to extend duration by 0.11yr as of Nov. 22 In commodities, oil prices bounced after suffering their largest one-day drop since April 2020 on Friday. "The move all but guarantees the OPEC+ alliance will suspend its scheduled increase for January at its meeting on 2 December," wrote analyst at ANZ in a note. "Such headwinds are the reason it's been only gradually raising output in recent months, despite demand rebounding strongly." Brent rebounded 3.9% to $75.57 a barrel, while U.S. crude rose 4.5% to $71.24. Gold has so far found little in the way of safe haven demand, leaving it stuck at $1,791 an ounce . SGX iron ore rises almost 8% to recoup Friday’s losses. Bitcoin rallied after falling below $54,000 on Friday. Looking at today's calendar, we get October pending home sales, and November Dallas Fed manufacturing activity. We also get a bunch of Fed speakers including Williams, Powell making remarks at the New York Fed innovation event, Fed’s Hassan moderating a panel and Fed’s Bowman discussing central bank and indigenous economies. Market Snapshot S&P 500 futures up 0.6% to 4,625.00 MXAP down 0.9% to 191.79 MXAPJ down 0.4% to 625.06 Nikkei down 1.6% to 28,283.92 Topix down 1.8% to 1,948.48 Hang Seng Index down 0.9% to 23,852.24 Shanghai Composite little changed at 3,562.70 Sensex up 0.4% to 57,307.46 Australia S&P/ASX 200 down 0.5% to 7,239.82 Kospi down 0.9% to 2,909.32 STOXX Europe 600 up 0.7% to 467.47 German 10Y yield little changed at -0.31% Euro down 0.3% to $1.1283 Brent Futures up 3.8% to $75.49/bbl Gold spot up 0.3% to $1,797.11 U.S. Dollar Index up 0.13% to 96.22 Top Overnight News from Bloomberg The omicron variant of Covid-19, first identified in South Africa, has been detected in locations from Australia to the U.K. and Canada, showing the difficulties of curtailing new strains While health experts in South Africa, where omicron was first detected, said it appeared to cause only mild symptoms, the Geneva-based WHO assessed the variant’s risk as “extremely high” and called on member states to test widely. Understanding the new strain will take several days or weeks, the agency said All travelers arriving in the U.K. starting at 4 a.m. on Nov. 30 must take a PCR coronavirus test on or before the second day of their stay and isolate until they receive a negative result. Face coverings will again be mandatory in shops and other indoor settings and on public transport. Booster shots may also be approved for more age groups within days, according to Health Secretary Sajid Javid The economic effects of the successive waves of the Covid pandemic have been less and less damaging, Bank of France Governor Francois Villeroy de Galhau says Italian bonds advance for a third day, as investors shrug off new coronavirus developments over the weekend and stock futures advance, while bunds are little changed ahead of German inflation numbers and a raft of ECB speakers including President Christine Lagarde A European Commission sentiment index fell to 117.5 in November from 118.6 the previous month, data released Monday showed Spanish inflation accelerated to the fastest in nearly three decades in November on rising food prices, underscoring the lingering consequences of supply-chain bottlenecks across Europe. Consumer prices jumped 5.6% Energy prices in Europe surged on Monday after weather forecasts showed colder temperatures for the next two weeks that will lift demand for heating ECB Executive Board member Isabel Schnabel took to the airwaves to reassure her fellow Germans that inflation will slow again, hours before data set to show the fastest pace of price increases since the early 1990s Russia’s ambassador to Washington said more than 50 diplomats and their family members will have to leave the U.S. by mid-2022, in the latest sign of tensions between the former Cold War enemies China sent the biggest sortie of warplanes toward Taiwan in more than seven weeks after a U.S. lawmaker defied a Chinese demand that she abandon a trip to the island A more detailed look at global markets courtesy of Newsquawk Asia-Pac stocks traded cautiously and US equity futures rebounded from Friday’s hefty selling (S&P 500 -2.3%) as all focus remained on the Omicron variant after several countries announced restrictions and their first cases of the new variant, although markets took solace from reports that all cases so far from South Africa have been mild. Furthermore, NIH Director Collins was optimistic that current vaccines are likely to protect against the Omicron variant but also noted it was too early to know the answers, while Goldman Sachs doesn’t think the new variant is a sufficient reason to adjust its portfolio citing comments from South Africa’s NICD that the mutation is unlikely to be more malicious and existing vaccines will most likely remain effective at preventing hospitalizations and deaths. ASX 200 (-0.5%) is subdued after Australia registered its first cases of the Omicron variant which involved two people that arrived in Sydney from southern Africa and with the government reviewing its border reopening plans. Nikkei 225 (-1.6%) whipsawed whereby it initially slumped at the open due to the virus fears and currency-related headwinds but then recouped its losses and briefly returned flat as the mood gradually improved, before succumbing to a bout of late selling, and with mixed Retail Sales data adding to the indecision. Hang Seng (-1.0%) and Shanghai Comp. (Unch) weakened with Meituan the worst performer in Hong Kong after posting a quarterly loss and with casino names pressured by a crackdown in which police detained Suncity Group CEO and others after admitting to accusations including illegal cross border gambling. However, the losses in the mainland were cushioned after firm Industrial Profits data over the weekend and with local press noting expectations for China to adopt a more proactive macro policy next year. Finally, 10yr JGBs shrugged off the pullback seen in T-note and Bund futures, with price action kept afloat amid the cautious mood in stocks and the BoJ’s presence in the market for over JPY 900bln of JGBs mostly concentrated in 3yr-10yr maturities. Top Asian News Hong Kong Stocks Slide to 13-Month Low on Fresh Virus Woes Li Auto Loss Narrows as EV Maker Rides Out Supply-Chain Snarls Singapore Adds to Its Gold Pile for the First Time in Decades China Growth Stocks Look Like Havens as Markets Confront Omicron Bourses in Europe are experiencing a mild broad-based rebound (Euro Stoxx 50 +1.0%; Stoxx 600 +0.9%) following Friday's hefty COVID-induced losses. Desks over the weekend have been framing Friday's losses as somewhat overstretched in holiday-thinned liquidity, given how little is known about the Omicron variant itself. The strain will likely remain the market theme as scientists and policymakers factor in this new variant, whilst data from this point forth – including Friday's US labour market report - will likely be passed off as somewhat stale, and headline risk will likely be abundant. Thus far, symptoms from Omicron are seemingly milder than some of its predecessors, although governments and central banks will likely continue to express caution in this period of uncertainty. Back to price action, the momentum of the rebound has lost steam; US equity futures have also been drifting lower since the European cash open – with the RTY (+0.9%) was the laggard in early European trade vs the ES (+0.8%), NQ (+1.0%) and YM (+0.7%). European cash bourses have also been waning off best levels but remain in positive territory. Sectors are mostly in the green, but the breadth of the market has narrowed since the cash open. Travel & Leisure retains the top spot in what seems to be more a reversal of Friday's exaggerated underperformance as opposed to a fundamentally driven rebound – with more nations announcing travel restrictions to stem the spread of the variant. Oil & Gas has also trimmed some of Friday's losses as oil prices see a modest rebound relative to Friday's slump. On the other end of the spectrum, Healthcare sees mild losses as COVID-related names take a mild breather, although Moderna (+9.1% pre-market) gains ahead of the US open after its Chief Medical Officer suggested a new vaccine for the variant could be ready early next year. Meanwhile, Autos & Parts reside as the current laggard amid several bearish updates, including a Y/Y drop in German car exports - due to the chip shortage and supply bottlenecks – factors which the Daimler Truck CEO suggested will lead to billions of Euros in losses. Furthermore, auto supbt.aplier provider Faurecia (-5.9%) trades at the foot of the Stoxx 600 after slashing guidance – again a function of the chip shortage. In terms of Monday M&A, BT (+4.7%) shares opened higher by almost 10% following source reports in Indian press suggesting Reliance Industries is gearing up for a takeover approach of BT – reports that were subsequently rebuffed. Top European News U.K. Mortgage Approvals Fall to 67,199 in Oct. Vs. Est. 70,000 Johnson Matthey Rises on Report of Battery Talks With Tata Gazprom Reports Record Third-Quarter Profit Amid Gas Surge Omicron’s Spread Fuels Search for Answers as WHO Sounds Warning In FX, the Buck has bounced from Friday’s pullback lows on a mixture of short covering, consolidation and a somewhat more hopeful prognosis of SA’s new coronavirus strand compared to very early perceptions prompted by reports that the latest mutation would be even worse than the Delta variant. In DXY terms, a base above 96.000 is forming within a 93.366-144 band amidst a rebound in US Treasury yields and re-steepening along the curve following comments from Fed’s Bostic indicating a willingness to back faster QE tapering. Ahead, pending home sales and Dallas Fed business manufacturing along with more Fed rhetoric from Williams and chair Powell on the eve of month end. AUD/CAD/NZD - No surprise to see the high beta and risk sensitive currencies take advantage of the somewhat calmer conditions plus a recovery in crude and other commodities that were decimated by the prospect of depressed demand due to the aforementioned Omicron outbreak. The Aussie is back over 0.7150 vs its US counterpart, the Loonie has pared back losses from sub-1.2750 with assistance from WTI’s recovery to top Usd 72/brl vs a Usd 67.40 trough on November 26 and the Kiwi is hovering above 0.6800 even though RBNZ chief economist Ha has warned that a pause in OCR tightening could occur if the fresh COVID-19 wave proves to be a ‘game-changer’. JPY/EUR - The major laggards as sentiment stabilses, with the Yen midway between 112.99-113.88 parameters and hardly helped by mixed Japanese retail sales data, while the Euro has retreated below 1.1300 where 1.7 bn option expiry interest resides and a key Fib level just under the round number irrespective of strong German state inflation reports and encouraging pan Eurozone sentiment indicators, as more nations batten down the hatches to stem the spread of SA’s virus that has shown up in parts of the bloc. GBP/CHF - Both narrowly divergent vs the Dollar, as Cable retains 1.3300+ status against the backdrop of retreating Gilt and Short Sterling futures even though UK consumer credit, mortgage lending and approvals are rather conflicting, while the Franc pivots 0.9250 and meanders from 1.0426 to 1.0453 against the Euro after the latest weekly update on Swiss bank sight deposits showing no sign of official intervention. However, Usd/Chf may veer towards 1.1 bn option expiries at the 0.9275 strike if risk appetite continues to improve ahead of KoF on Tuesday and monthly reserves data. SCANDI/EM - Although Brent has bounced to the benefit of the Nok, Sek outperformance has ensued in wake of an upgrade to final Swedish Q3 GDP, while the Cnh and Cny are deriving support via a rise in Chinese industrial profits on a y/y basis and the Zar is breathing a sigh of relief on the aforementioned ‘better’ virus updates/assessments from SA on balance. Conversely, the Try is back under pressure post-a deterioration in Turkish economic sentiment vs smaller trade deficit as investors look forward to CPI at the end of the week. Meanwhile, Turkish President Erdogan provides no reprieve for the Lira as he once again defending his unorthodox view that higher interest rates lead to higher inflation. In commodities, WTI and Brent front-month futures consolidate following an overnight rebound – with WTI Jan back on a USD 71/bbl handle and Brent Feb just under USD 75/bbl – albeit still some way off from Friday's best levels which saw the former's high above USD 78/bbl and the latter's best north of USD 81/bbl. The week is packed with risks to the oil complex, including the resumption of Iranian nuclear talks (slated at 13:00GMT/08:00EST today) and the OPEC+ monthly confab. In terms of the former, little is expected in terms of progress unless the US agrees to adhere to Tehran's demand – which at this point seems unlikely. Tehran continues to seek the removal of US sanctions alongside assurances that the US will not withdraw from the deal. "The assertion that the US must 'change its approach if it wants progress' sets a challenging tone", Citi's analysts said, and the bank also expects parties to demand full access to Iranian nuclear facilities for verification of compliance. Further, the IAEA Chief met with Iranian officials last week; although concrete progress was sparse, the overall tone of the meeting was one of progress. "We remain of the opinion that additional Iranian supplies are unlikely to reach the market before the second half of 2022 at the earliest," Citi said. Meanwhile, reports suggested the US and allies have been debating a "Plan B" if talks were to collapse. NBC News – citing European diplomats, former US officials and experts – suggested that options included: 1) a skinny nuclear deal, 2) ramp up sanctions, 3) Launching operations to sabotage Iranian nuclear advances, 4) Military strikes, 5) persuading China to halt Iranian oil imports, albeit Iran and China recently signed a 25yr deal. Over to OPEC+, a rescheduling (in light of the Omicron variant) sees the OPEC and JTC meeting now on the 1st December, followed by the JMMC and OPEC+ on the 2nd. Sources on Friday suggested that members are leaning towards a pause in the planned monthly output, although Russian Deputy PM Novak hit the wires today and suggested there is no need for urgent measures in the oil market. Markets will likely be tested, and expectations massaged with several sources heading into the meeting later this week. Elsewhere, spot gold trades sideways just under the USD 1,800/oz and above a cluster of DMAs, including the 50 (1,790.60/oz), 200 (1,791.30/oz) and 100 (1,792.80/oz) awaiting the next catalyst. Over to base metals, LME copper recoups some of Friday's lost ground, with traders also citing the underlying demand emanating from the EV revolution. US Event Calendar 10am: Oct. Pending Home Sales YoY, prior -7.2% 10am: Oct. Pending Home Sales (MoM), est. 0.8%, prior -2.3% 10:30am: Nov. Dallas Fed Manf. Activity, est. 17.0, prior 14.6 Central Bank speakers: 3pm: Fed’s Williams gives opening remarks at NY Innovation Center 3:05pm: Powell Makes Opening Remarks at New York Fed Innovation Event 3:15pm: Fed’s Hassan moderates panel introducing NY Innovation Center 5:05pm: Fed’s Bowman Discusses Central bank and Indigenous Economies DB's Jim Reid concludes the overnight wrap Last night Henry in my team put out a Q&A looking at what we know about Omicron (link here) as many risk assets put in their worst performance of the year on Friday after it exploded into view. The main reason for the widespread concern is the incredibly high number of mutations, with 32 on the spike protein specifically, which is the part of the virus that allows it to enter human cells. That’s much more than we’ve seen for previous variants, and raises the prospect it could be a more transmissible version of the virus, although scientists are still assessing this. South Africa is clearly where it has been discovered (not necessarily originated from) and where it has been spreading most. The fact that’s it’s become the dominant strain there in just two weeks hints at its higher level of contagiousness. However the read through to elsewhere is tough as the country has only fully vaccinated 24% of its population, relative to at least 68% in most of the larger developed countries bar the US which languishes at 58%. It could still prove less deadly (as virus variants over time mostly are) but if it is more contagious that could offset this and it could still cause similar healthcare issues, especially if vaccines are less protective. On the other hand the South African doctor who first alerted authorities to the unusual symptoms that have now been found to have been caused by Omicron, was on numerous media platforms over the weekend suggesting that the patients she has seen with it were exhausted but generally had mild symptoms. However she also said her patients were from a healthy cohort so we can’t relax too much on this. However as South African cases rise we will get a lot of clues from hospitalisation data even if only 6% of the country is over 65s. My personal view is that we’ll get a lot of information quite quickly around how bad this variant is. The reports over the weekend that numerous cases of Omicron have already been discovered around the world, suggests it’s probably more widespread than people think already. So we will likely soon learn whether these patients present with more severe illness and we’ll also learn of their vaccination status before any official study is out. The only caveat would be that until elderly patients have been exposed in enough scale we won’t be able to rule out the more negative scenarios. Before all that the level of restrictions have been significantly ramped up over the weekend in many countries. Henry discusses this in his note but one very significant one is that ALL travellers coming into (or back to) the UK will have to self isolate until they get a negative PCR test. This sort of thing will dramatically reduce travel, especially short business trips. Overnight Japan have effectively banned ALL foreign visitors. I appreciate its dangerous to be positive on covid at the moment but you only have to look at the UK for signs that boosters are doing a great job. Cases in the elderly population continue to collapse as the roll out progresses well and overall deaths have dropped nearly 20% over the last week to 121 (7-day average) - a tenth of where they were at the peak even though cases have recently been 80-90% of their peak levels. If Europe are just lagging the UK on boosters rather than anything more structural, most countries should be able to control the current wave all things being equal. However Omicron could make things less equal but it would be a huge surprise if vaccines made no impact. Stocks in Asia are trading cautiously but remember that the US and Europe sold off more aggressively after Asia closed on Friday. So the lack of major damage is insightful. The Nikkei (-0.02%), Shanghai Composite (-0.14%), CSI (-0.22%), KOSPI (-0.47%) and Hang Seng (-0.68%) are only slightly lower. Treasury yields, oil, and equity futures are all rising in Asia. US treasury yields are up 4-6bps across the curve, Oil is c.+4.5% higher, while the ZAR is +1.31%. Equity futures are trading higher with the S&P 500 (+0.71%) and DAX (+0.84%) futures in the green. In terms of looking ahead, we may be heading into December this week but there’s still an incredibly eventful period ahead on the market calendar even outside of Omicron. We have payrolls on Friday which could still have a big impact on what the Fed do at their important December 15 FOMC and especially on whether they accelerate the taper. Wednesday (Manufacturing) and Friday (Services) see the latest global PMIs which will as ever be closely watched even if people will suggest that the latest virus surge and now Omicron variant may make it backward looking. Elsewhere in the Euro Area, we’ll get the flash CPI estimate for November tomorrow (France and Italy on the same day with Germany today), and we’ll hear from Fed Chair Powell as he testifies (with Mrs Yellen) before congressional committees tomorrow and Wednesday. There’s lots of other Fed speakers this week (ahead of their blackout from this coming weekend) and last week there was a definite shift towards a faster taper bias, even amongst the doves on the committee with Daly being the most important potential convert. Fed speakers this week might though have to balance the emergence of the new variant with the obvious point that without it the Fed is a fair bit behind the curve. Importantly but lurking in the background, Friday is also the US funding deadline before another government shutdown. History would suggest a tense last minute deal but it’s tough to predict. Recapping last week now and the emergence of the new variant reshaped the whole week even if ahead of this, continued case growth across Europe prompted renewed lockdown measures and travel bans across the continent. Risk sentiment clearly plummeted on Friday. The S&P 500 fell -2.27%, the biggest drop since October 2020, while the Stoxx 600 fell -3.67%, the biggest one-day decline since the original Covid-induced risk off in March 2020. The S&P 500 was -2.20% lower last week, while the Stoxx 600 was down -4.53% on the week. 10yr treasury, bund, and gilt yields declined -16.1bps, -8.7bps, and -14.5bps, undoing the inflation and policy response-driven selloff from earlier in the week. The drop in 10yr treasury and gilt yields were the biggest one-day declines since the original Covid-driven rally in March 2020, while the drop in bund yields was the largest since April 2020. 10yr treasury, bund, and gilt yields ended the week -7.3bps lower, +0.7bps higher, and -5.4bps lower, respectively. Measures of inflation compensation declined due to the anticipated hit to global demand, with 10yr breakevens in the US and Germany -6.8bps and -8.8bps lower Friday, along with Brent and WTI futures declining -11.55% and -13.06%, respectively. Investors pushed back the anticipated timing of rate hikes. As it stands, the first full Fed hike is just about priced for July, and 2 hikes are priced for 2022. This follows a hawkish tone from even the most dovish FOMC members and the November FOMC minutes last week. The prevailing sentiment was the FOMC was preparing to accelerate their asset purchase taper at the December meeting to enable inflation-fighting rate hikes earlier in 2022. Understanding the impact of the new variant will be crucial for interpreting the Fed’s reaction function, though. The impact may not be so obvious; while a new variant would certainly hurt global demand and portend more policy accommodation, it will also likely prompt more virus-avoiding behaviour in the labour market, preventing workers from returning to pre-Covid levels. Whether the Fed decides to accommodate these sidelined workers for longer, or to re-think what constitutes full employment in a Covid world should inform your view on whether they accelerate tapering in December. It feels like a lifetime ago but last week also saw President Biden nominate Chair Powell to head the Fed for another term, and for Governor Brainard to serve as Vice Chair. The announcement led to a selloff in rates as the more dovish Brainard did not land the head job. In Germany, the center-left SPD, Greens, and liberal FDP agreed to a full coalition deal. The traffic-light coalition agreed to restore the debt break in 2023, after being suspended during the pandemic, and to raise the minimum wage to €12 per hour. The SPD’s Olaf Scholz will assume the Chancellorship. The US, China, India, Japan, South Korea, and UK announced releases of strategic petroleum reserves. Oil prices were higher following the announcement, in part because releases were smaller than anticipated but, as mentioned, prices dropped precipitously on Friday on the global demand impact of the new Covid variant. The ECB released the minutes of the October Governing Council meeting, where officials stressed the need to maintain optionality in their policy setting. They acknowledged growing upside risks to inflation but stressed the importance of not overreacting in setting policy as they see how inflation scenarios might unfold. Tyler Durden Mon, 11/29/2021 - 08:01.....»»

Category: dealsSource: nyt21 hr. 53 min. ago

The 100+ best early Cyber Monday deals to shop now: AirPods Pro, Instant Pot, Apple Watch, and more

Black Friday has ended, but you can shop early Cyber Monday deals now. Save big at Amazon, Walmart, Target, Best Buy, Nordstrom, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Alyssa Powell/InsiderWe're hours away from Cyber Monday — the even more explicitly online-focused version of Black Friday — and it's historically fetched some of the sales weekend's lowest prices. While it officially begins November 29, many retailers are holding early Cyber Monday sales or continuing Black Friday deals right now.Cyber Monday is a particularly great time to shop for tech, smart home, and gift cards — though stock is typically much more limited than Black Friday. Acting fast is key to getting a good deal, so it's important to know what you're shopping for ahead of time. Don't worry if you see the dreaded "out of stock" symbol — other retailers might have the product you wanted in stock with a similar deal, and we've seen discounts come back throughout the event, sometimes on the same day. To keep up with discounts without spending all day sleuthing, bookmark this page and check back throughout the day; we'll do the heavy lifting for you.At Insider Reviews, we test products all year and track their price history so we can give you solid buying advice during big shopping events like Cyber Monday. Tons of deals are available now on products we love and trust, and we're highlighting the best ones below.Best Cyber Monday 2021 tech dealsBeats Solo ProIf you’re a fan of the vibrant light blue these Solo Pro headphones come in, this is a nice price for a brand new pair. Down to $170, this isn’t a rare price for them by any means, but it’s a great value for what you’re getting.$184.99 FROM AMAZONOriginally $299.95 | Save 38%$99.00 FROM WALMARTOriginally $149.00 | Save 34%Apple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $179.99 FROM AMAZONOriginally $249.99 | Save 28%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$159.00 FROM WALMARTOriginally $249.00 | Save 36%$209.00 FROM B&HOriginally $249.00 | Save 16%Roku Streambar 2020Too much clutter under the TV? The interesting Roku Streambar combines all of the features of a Roku 4K player with a compact soundbar.$79.98 FROM AMAZONOriginally $129.99 | Save 38%$79.98 FROM BEST BUYOriginally $129.99 | Save 38%$79.98 FROM TARGETOriginally $129.99 | Save 38%$99.00 FROM WALMARTOriginally $129.99 | Save 24%Google Nest Hub (2nd gen)The Google Nest Hub is a smart display with a unique Sleep Sensing feature to help you monitor your sleep habits. $49.99 FROM KOHL'SOriginally $99.99 | Save 50%$49.98 FROM WALMARTOriginally $99.98 | Save 50%$49.99 FROM BEST BUYOriginally $99.99 | Save 50%Apple Watch Series 7Much more than a timepiece, the Apple Watch can also be used for keeping track of workouts, making phone calls, sending text messages, setting timers and alarms, counting calories, and more.$379.99 FROM AMAZONOriginally $399.00 | Save 5%$379.99 FROM WALMARTOriginally $399.00 | Save 5%$399.00 FROM APPLEApple Watch SE (40mm, GPS)With a recent Apple processor and many of the same features as the Series 7, the Apple Watch SE is a great budget-friendly option.$219.99 FROM TARGETOriginally $279.00 | Save 21%$279.00 FROM APPLESamsung Galaxy Watch 4 (40mm)The Samsung Galaxy Watch 4 is the obvious choice for Android users looking for a comprehensive, quality, premium smartwatch experience. However, it's a shame that the ECG feature is limited specifically to Samsung phone owners. $199.99 FROM AMAZONOriginally $249.99 | Save 20%$199.99 FROM TARGETOriginally $249.99 | Save 20%$199.99 FROM BEST BUYOriginally $249.99 | Save 20%MasterClass 2-for-1 membershipGet two MasterClass subscriptions for the price of one! Each subscription gets you access to all of MasterClass, so you can watch or sample unlimited celebrity and expert-led classes across a wide range of topics.$180.00 FROM MASTERCLASSOriginally $360.00 | Save 50%Sony WH-1000XM4Sony's WH-1000XM4 are our go-to pair of headphones when we look for a balance of sound quality and noise-cancelling performance.$248.00 FROM AMAZONOriginally $349.99 | Save 29%$248.00 FROM BEST BUYOriginally $349.99 | Save 29%$249.99 FROM TARGETOriginally $349.99 | Save 29%Bose QuietComfort 45The QuietComfort 45 have a refreshed design with improved noise cancelling and better battery life.$279.00 FROM BEST BUYOriginally $329.00 | Save 15%$279.00 FROM BOSEOriginally $329.00 | Save 15%$279.00 FROM AMAZONOriginally $329.00 | Save 15%$279.00 FROM WALMARTOriginally $329.00 | Save 15%Apple AirPods (3rd Gen)Apple's third-generation AirPods offer longer battery life, a MagSafe charger, water resistance, and support for spatial audio. $169.99 FROM AMAZONOriginally $179.00 | Save 5%$179.00 FROM APPLE$179.00 FROM BEST BUY$174.98 FROM WALMART$154.99 FROM MICRO CENTEROriginally $179.99 | Save 14%Apple Airpods (2nd Generation)You’ll need to pick up your pair from your local Micro Center, but this is a solid deal price for the second-generation Apple AirPods. You can often find them discounted as low as $120, making this extra $5 drop noteworthy. $104.99 FROM MICRO CENTEROriginally $129.99 | Save 19%$114.99 FROM TARGETOriginally $129.99 | Save 12%$114.99 FROM AMAZONOriginally $129.99 | Save 12%$119.99 FROM BEST BUYOriginally $129.99 | Save 8%Apple MacBook Air (M1)The latest MacBook Air released in late 2020 gains Apple's new M1 processor, which brings impressively fast performance and long battery life, for under $1,000, making it the best Apple laptop overall.$899.99 FROM BEST BUYOriginally $999.99 | Save 10%$999.00 FROM APPLE$899.00 FROM B&HOriginally $999.00 | Save 10%Apple MacBook Pro with M1 Processor (13-inch, 8GB RAM, 256GB)Apple's latest MacBook Pro with the M1 processor is leaps and bounds beyond its predecessor, but the Intel MacBook Pro still has some tricks.$1199.00 FROM B&HOriginally $1299.00 | Save 8%$1299.00 FROM APPLELG 65-inch C1 OLED 4K TVLG’s C1 is one of the best 4K TVs you can buy. The OLED panel delivers incredible image quality with an infinite contrast ratio. This deal price matches the lowest we’ve seen so far.$1796.99 FROM AMAZONOriginally $2499.98 | Save 28%$1796.99 FROM WALMARTOriginally $2499.98 | Save 28%Samsung 65-inch Q60A QLED 4K TVSamsung's Q60A is the company's less expensive lineup of premium QLED TVs. $849.99 FROM BEST BUYOriginally $999.99 | Save 15%Amazon Fire TV 50" Omni SeriesAmazon launched its own smart TVs in fall 2021 and the Omni Series boasts features like hands-free Alexa support and video calling along with the latest Fire TV software.$359.99 FROM AMAZONOriginally $509.99 | Save 29%Amazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%Amazon Fire TV Stick 4K MaxThe Fire TV Stick 4K is designed to be 40% more powerful than Fire TV Stick 4K. It also adds Wi-Fi 6 support.$34.99 FROM AMAZONOriginally $54.99 | Save 36%$34.99 FROM BEST BUYOriginally $54.99 | Save 36%$34.99 FROM TARGETOriginally $54.99 | Save 36%Ring Video Doorbell (2020)The latest affordable Video Doorbell model from Ring features 1080p recording and improved motion tracking. It's a great deal if you're looking to start adding smart devices to your home. Orders made now will be fulfilled in 6 to 7 weeks.$79.98 FROM AMAZONOriginally $99.99 | Save 20%Google Nest Cam Outdoor Battery (2021) Elegant design, reliable performance, and wireless battery power make the Nest Cam Outdoor a tempting option to add peace of mind and checking in on your home's exterior when you're away. $149.99 FROM BEST BUYOriginally $179.99 | Save 17%$149.99 FROM GOOGLEOriginally $179.99 | Save 17%$149.99 FROM BED BATH & BEYONDOriginally $179.99 | Save 17%$149.99 FROM TARGETOriginally $179.99 | Save 17%$198.00 FROM AMAZONAmazon All-New KindleThe Kindle allows users to download hundreds, if not thousands, of books straight to the device. This model has a front light that makes it better-suited for night time reading.$49.99 FROM AMAZONOriginally $89.99 | Save 44%Vizio Elevate 5.1.4 SoundbarVizio's Elevate soundbar offers a 5.1.4 Dolby Atmos experience with performance that rivals many full-fledged home theater systems.$798.00 FROM AMAZONOriginally $1099.99 | Save 27%$799.99 FROM BEST BUYOriginally $1099.99 | Save 27%Yamaha YAS-209 SoundbarYamaha's YAS-209 offers great sound, Amazon Alexa support, and well-balanced functionality for a reasonable price. $299.99 FROM BEST BUYOriginally $349.99 | Save 14%$299.95 FROM AMAZONOriginally $349.95 | Save 14%Logitech C922x Pro Stream WebcamYou'll also want a decent webcam and mic if you want to be seen on screen, and provide commentary for your gaming.$74.98 FROM AMAZONOriginally $99.99 | Save 25%$79.98 FROM BEST BUYOriginally $99.99 | Save 20%GoPro Hero 10 BlackThis video and still camera has similar capabilities to larger variants, while maintaining the small go-anywhere form-factor it's known for.$349.98 FROM GOPROOriginally $499.99 | Save 30%Best Cyber Monday 2021 kitchen dealsNespresso Vertuo Next Deluxe Coffee and Espresso MakerA truly versatile machine, the Nespresso Vertuo Next uses capsules to make both coffee and espresso in a variety of cup or carafe sizes.$126.75 FROM TARGETOriginally $169.99 | Save 25%Breville Joule Sous VideThis nimble, compact machine heats water quickly, can work in a wide range of vessels, and is operated entirely through a helpful app.$159.94 FROM AMAZONOriginally $199.95 | Save 20%$159.96 FROM BREVILLEOriginally $199.95 | Save 20%Instant Pot Air Frying Lid, 6 QuartsIf you already own an Instant Pot and are looking to add air fryer functionality, this lid will do the trick. It's compatible with Smart Wi-Fi 60, Smart Bluetooth, Duo Evo Plus 6, Duo Evo Plus 60, Duo SV 60 or Max 60 models. $49.95 FROM AMAZONOriginally $89.99 | Save 44%KitchenAid KFC3516ER 3.5 Cup Food ChopperThe KitchenAid KFC3516ER 3.5 Cup Food Chopper is ideal and convenient for small prepping needs. The size makes it easy to store away or keep on your counter, and the Cyber Monday price makes it easy on your wallet. $39.99 FROM TARGETOriginally $54.99 | Save 27%$39.99 FROM KITCHENAIDOriginally $54.99 | Save 27%Ninja Professional Plus Food ProcessorThe Ninja Professional Plus makes food prep fast and easy with presets for chopped vegetables, shredded cheese, more.$79.98 FROM KOHLSOriginally $119.99 | Save 33%DrinkMate Beverage Carbonation MakerIf you'd like to add fizz to more than just water, consider the Drinkmate Beverage Carbonation Maker, which can carbonate everything from juice to wine.$79.95 FROM AMAZONOriginally $95.93 | Save 17%Ninja Foodi 5-in-1 Indoor Grill with Air Fryer, Roast, Bake & DehydrateThe Ninja Foodi 5-in-1 has five functions, including grill, bake, and dehydrate. Its temperatures range between 105°F to 500°F, giving it a lot of versatility in cooking options. Many of the parts are dishwasher safe for easier cleanup. $169.99 FROM TARGETOriginally $229.99 | Save 26%$199.99 FROM KOHL'SOriginally $249.99 | Save 20%Vitamix Explorian BlenderThe renewed Vitamix Explorian is pre-owned, but every bit as good as new and comes with a 90-day Amazon Renewed Guarantee on top of a 3-year full warranty.$289.95 FROM TARGETOriginally $449.99 | Save 36%$289.95 FROM BEST BUYOriginally $345.99 | Save 16%Instant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$59.99 FROM TARGETOriginally $129.99 | Save 54%Our Place Always PanOur Place's Always Pan is multi-functional nonstick pan that's taken the internet by storm. It promises to replace eight different pieces of cookware in your kitchen. It can function as a steamer, saute pan, frying pan, and more. $99.00 FROM OUR PLACEOriginally $145.00 | Save 32%Cuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%Keurig K-Mini Single Serve Coffee MakerThe slim 6- to 12-ounce coffee maker will fit neatly on any kitchen counter and save energy with the auto-off feature after brewing.$49.99 FROM THE HOME DEPOTOriginally $79.98 | Save 37%$89.99 FROM TARGETBest Cyber Monday 2021 home dealsEva-Dry Wireless Mini DehumidifierThis Eva-Dry dehumidifier measures 9 x 8.25 x 2.88 inches and works well for spaces up to 48 square feet. It uses silica beads to absorb moisture and has an absorbing capacity of six ounces. It’s also convenient because you only need to recharge it every four weeks. (It plugs into a wall outlet.)$14.97 FROM AMAZONOriginally $24.95 | Save 40%Molekule Air PurifierThis unit is popular among expert reviewers with its simple, portable design and quiet operation. We previously included the Molekule Air in our guide because it has multiple operation modes and can eradicate pollutants down to the nanoscopic level. However, at almost $800 plus $130 per year for filters, it's more than most people want to pay for an air purifier that isn't particularly powerful. We think there are better models at a lower price point.$479.00 FROM AMAZONOriginally $799.00 | Save 40%$799.00 FROM MOLEKULEAeroGarden SproutA smaller option from AeroGarden's lineup, the Sprout lets you grow up to three plants in its narrow footprint. It's down to $70 with promo code SUMMER20 through May 31, a rare and excellent deal direct from AeroGarden.$49.95 FROM AEROGARDENOriginally $99.95 | Save 50%$49.99 FROM AMAZONOriginally $99.95 | Save 50%Chewy Pet ProductsFor Cyber Monday, Chewy is offering $30 off purchases of $100 or more. This is only for select products, including food, treats, beds, and more.$70.00 FROM CHEWYOriginally $100.00 | Save 30%Dyson Outsize Absolute+The Dyson Outsize Absolute+ is ideal for whole home, deep cleaning with its full-size dustbin and large cleaner head. $799.99 FROM DYSONOriginally $899.99 | Save 11%Dyson V8 AbsoluteBuilt with a soft roller head for hard floors and a motorized cleaner head for carpets, the Dyson V8 Absolute handles all surfaces efficiently.$399.99 FROM DYSONOriginally $449.99 | Save 11%Dyson Cyclone V10 AbsoluteEquipped with a sensor to detect the difference between carpets and hard floors, the Cyclone V10 Absolute is the perfect vacuum cleaner for any room in the house. We've seen it go for as low as $350 before (it's usually $550), but during Black Friday and Cyber Monday, you'll get it for $400 while supplies last.$499.99 FROM DYSONOriginally $549.99 | Save 9%Drinkwell Two-Gallon Pet FountainThis two gallon pet drinking fountain is the perfect accessory to make sure your dog or cat (or both) are drinking enough water.$59.95 FROM AMAZONOriginally $74.95 | Save 20%Eufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$169.99 FROM EUFYOriginally $249.99 | Save 32%iRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Ecovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$499.99 FROM AMAZONOriginally $749.99 | Save 33%$799.99 FROM BEST BUYBissell SpinWave Robot VacuumThe Bissell SpinWave Robot Vacuum picked up all the pet hair on carpet in our tests and has a great assortment of mop attachments and accessories. The company is also committed to helping homeless pets and helps them find loving homes. $249.00 FROM AMAZONOriginally $399.99 | Save 38%$299.00 FROM WALMARTOriginally $399.99 | Save 25%Dewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 20-Volt MAX Brushless Compact 2-Tool Combo Kit includes 1 cordless Drill/Driver, 1 cordless Impact Driver, two 20-Volt MAX Lithium Ion Batteries, 1 charger, and a carrying bag. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Best Cyber Monday 2021 gaming dealsNintendo Switch Legend of Zelda: Breath of the Wild (Digital Download)The Legend of Zelda: Breath of the Wild was released for the Nintendo Switch in 2017, but still remains one of the best Switch games out there. Right now, a physical copy is selling for $40, which is a solid price on this rarely discounted game.$35.00 FROM WALMARTOriginally $59.99 | Save 42%Nintendo Switch Fire Emblem: Three Houses"Fire Emblem: Three Houses" is a turn-based war strategy game that encourages you to build relationships with your soldiers and master your tactics on the battlefield. $35.00 FROM AMAZONOriginally $59.99 | Save 42%$35.00 FROM GAMESTOPOriginally $59.99 | Save 42%$35.00 FROM WALMARTOriginally $59.99 | Save 42%$59.99 FROM BEST BUYNintendo eShop $50 Gift CardThe Nintendo eShop is the best place to shop for digital copies of Nintendo's games. This gift card is the perfect gift or investment for anyone with a Nintendo Switch. Better still, Nintendo's eShop offers several sales throughout the year. This means, patient shoppers can double their savings.$45.00 FROM WALMARTOriginally $50.00 | Save 10%$50.00 FROM BEST BUY$45.00 FROM NEWEGGOriginally $50.00 | Save 10%Xbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%PlayStation Plus 12-Month SubscriptionPlayStation Plus allows gamers to play online, nets them special discounts in the PlayStation Network store, and subscribers get free games each month that remain available as long as the PlayStation Plus subscription is active. $36.99 FROM CDKEYSOriginally $59.99 | Save 38%$39.99 FROM BEST BUYOriginally $59.99 | Save 33%$39.99 FROM AMAZONOriginally $59.99 | Save 33%Microsoft Xbox Series S|X Wireless ControllerThis latest-gen Xbox gamepad is the best Microsoft has ever made, and during Cyber Monday, shoppers can save $20 on this recently released controller.$49.99 FROM MICROSOFTOriginally $59.99 | Save 17%$54.99 FROM BEST BUYOriginally $59.99 | Save 8%$49.00 FROM GAME STOPOriginally $54.99 | Save 11%$52.99 FROM WALMARTOriginally $59.99 | Save 12%Death Loop for PlayStation 5“Death Loop” is an unusual first-person shooter that challenges players to escape a day-long time loop by assassinating specific targets. The game is a great pick for fans of spy movies, sci-fi, and creative gunplay.$29.99 FROM BEST BUYOriginally $59.99 | Save 50%Call of Duty Vanguard for PlayStation 4The latest Call of Duty game is now on sale for $20 off, just a few weeks after its release.$39.00 FROM WALMARTOriginally $59.99 | Save 35%$44.99 FROM TARGETOriginally $59.99 | Save 25%Call of Duty Vanguard for PlayStation 5The latest Call of Duty game is now on sale for $15 off for PlayStation 5 just a few weeks after its release.$54.99 FROM TARGETOriginally $69.98 | Save 21%Nintendo Mario Kart Live: Home Circuit Nintendo Switch Set EditionYou can use a Nintendo Switch to control this real-life Mario Kart toy, and watch Mario or Luigi’s perspective as they zoom around your home.$88.99 FROM TARGETOriginally $99.99 | Save 11%$99.99 FROM BEST BUYLogitech G305 Lightspeed Wireless Gaming MouseCompact and portable, the Logitech G305 is great to take on the go. It's best if you prefer smaller mice and right now it's only $40, a great price drop from a typical selling price of $50.$29.99 FROM AMAZONOriginally $59.99 | Save 50%$29.99 FROM WALMARTOriginally $48.97 | Save 39%Nintendo Switch Ring Fit Adventure"Ring Fit Adventure" for the Nintendo Switch uses the exclusive "Ring-Con" attachment and a leg strap to track movement and provide resistance for workouts. The game also includes an adventure mode. Right now, it's selling for $55 at Target and Amazon, $25 off its usual price and the lowest price we've ever seen on this game.$54.00 FROM AMAZONOriginally $79.98 | Save 32%$54.00 FROM WALMARTOriginally $80.00 | Save 33%$79.98 FROM BEST BUY$79.98 FROM TARGETBest Cyber Monday 2021 streaming dealsHulu Monthly Subscription (Deal)Save a huge 85% on an ad-supported Hulu subscription for an entire year. That amounts to just 99 cents per month. This deal is live until Monday, November 29. $0.99 FROM HULUOriginally $6.99 | Save 86%Philo TVIf you want your streaming service to cost less per month than a single trip for the family to Starbucks, Philo TV is made with you in mind.$5.00 FROM PHILOOriginally $25.00 | Save 80%Disney Plus Free Trial with Amazon Music UnlimitedNew Amazon Music Unlimited subscribers can get six months of Disney Plus for free when they sign up. Current Music Unlimited members can get three months of Disney Plus. Music Unlimited costs $8 a month for Prime members or $10 a month without Prime.$0.00 FROM AMAZONAmazon Prime Video Channel Add-OnsPrime Video subscribers can choose from a variety of channel-add ons including Starz, Showtime, Paramount+, AMC+, Discovery+, and more.$0.99 FROM AMAZONOriginally $10.99 | Save 91%YouTube PremiumYouTube Premium lets you stream videos and music on YouTube without any ads. The service also features exclusive programs.FREE FROM YOUTUBEOriginally $11.99 | Save 100%Best Cyber Monday 2021 health & fitness dealsTheragun PROThe Theragun Pro is our top pick: a powerful, customizable, and durable massager that's worth every bit of its $600 price tag. $399.00 FROM NORDSTROMOriginally $599.00 | Save 33%$399.00 FROM THERABODYOriginally $599.00 | Save 33%$399.99 FROM TARGETOriginally $599.99 | Save 33%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Fitbit Charge 4The Charge 4 hits a budget-friendly price point while offering stellar activity tracking in a smaller footprint than a smartwatch.$135.94 FROM AMAZONOriginally $149.94 | Save 9%$69.00 FROM WALMARTOriginally $149.94 | Save 54%Mirror from lululemonThis isn't just a mirror. It's a cardio class, it's a yoga studio, it's a boxing ring, it's your new personal trainer, and it's so much more. For Cyber Monday, Mirror is on sale for $500 with the code "CYBERMONDAY20"$995.00 FROM MIRROROriginally $1495.00 | Save 33%Hydro Flask 32-Ounce Wide Mouth This bottle has all the hallmark features of a Hydro Flask water bottle — 12-24 hours of temperature retention, powder color coating that won't chip or fade with time, a silicone twist top — with the very convenient wide mouth for easy pouring and drinking.$33.71 FROM HYDRO FLASKOriginally $44.95 | Save 25%Amazon HaloAmazon's Halo fitness tracker can analyze the tone of your voice to help you understand how you sound to others.$54.99 FROM AMAZONOriginally $99.99 | Save 45%LifeSpan TR1200i Folding TreadmillThe TR1200i is the baby sister of our top pick for a folding treadmill, the TR300i, with fewer built-in training programs and fewer fancy features like manual instead of digital buttons. But it's nearly the same size, has the same motor, and the same shock absorption — but for significantly cheaper.$899.00 FROM LIFESPANOriginally $1199.00 | Save 25%Best Cyber Monday 2021 style & beauty dealsDyson Airwrap Complete StylerDyson Airwrap Complete Styler is engineered for multiple hair types and styles. Featuring Coanda air styling and propelled by the Dyson digital motor, users can curl, wave, smooth and dry with no extreme heat.$399.99 FROM NEW EGGOriginally $499.99 | Save 20%$549.95 FROM DYSON$549.99 FROM BEST BUY$549.00 FROM AMAZONL.L.Bean Wicked Good Slippers - Men'sThis shearling-lined, leather-bottom slipper is one of the best men's slippers we've ever tried.$75.65 FROM L.L.BEANOriginally $89.00 | Save 15%L.L.Bean Wicked Good Shearling-Lined Slides - Women'sThese ridiculously-cozy, shearling-lined slides are easy to slip on and off, and keep your feet toasty around the house.$67.15 FROM L.L.BEANOriginally $79.00 | Save 15%L.L.Bean Toddlers' Wicked Good SlippersEverything we love about L.L.Bean's Wicked Good Slippers — but mini. These shearling-lined, leather-soled booties will keep kid's feet, sizes 3-10, toasty around the house and in a stroller.$33.96 FROM L.L.BEANOriginally $39.95 | Save 15%Lululemon Hooded Define JacketA fan-favorite, now with a hood. Between the technical fabric and a do-anything fit, it's easy to see why this one's a hit. Right now you can save up to 50% on this versatile piece, but sizes are selling out quickly. $64.00 FROM LULULEMONOriginally $128.00 | Save 50%Lululemon Wunder Under High-Rise TightLululemon is, in many ways, the genesis of athleisure, so it's not surprising that the company has an edge in the space.$69.00 FROM LULULEMONOriginally $98.00 | Save 30%Lululemon Metal Vent Breathe Short SleeveLululemon Metal Vent Breathe Short Sleeve $49.00 FROM LULULEMONOriginally $78.00 | Save 37%Bombas Women's Gripper Slipper (Sherpa Lined) 2-PackA mix between socks and slippers, Bombas' Gripper Slippers include a cozy sherpa lining and sole grippers to prevent slips. $72.95 FROM BOMBASOriginally $96.00 | Save 24%Columbia Men's Lake 22 Down Hooded JacketThis water-resistant jacket is stocked with 650-fill power down insulation, zippered hand pockets, and a structured hood to keep you zipped up and toasty through any winter weather.$69.98 FROM COLUMBIAOriginally $140.00 | Save 50%Adidas Climacool VentoThe Adidas Climacool Vento features a highly breathable mesh upper to help keep your feet cool.$98.00 FROM ADIDASOriginally $140.00 | Save 30%Nike Adapt Auto MaxThe Nike Adapt Auto Max uses advanced technology to automatically form to your foot without laces.$259.98 FROM NIKEOriginally $400.00 | Save 35%Nike Space Hippie 01The Nike Space Hippie 01 is made from 50% recycled materials and features a lightweight, track-inspired look.$77.56 FROM NIKEOriginally $130.00 | Save 40%Crocs Classic Clog (Unisex)The shoe that really started it all, the Classic Clog is comfortable, breathable, and easy to slip on whenever. With over 20 fun colors to choose from, you can’t go wrong.$39.99 FROM CROCSOriginally $49.99 | Save 20%$27.55 FROM AMAZONDagne Dover Indi Diaper BackpackDagne Dover's Indi Diaper Backpack adds a stylish neutral flair while holding every basic essential.$160.00 FROM DAGNE DOVEROriginally $200.00 | Save 20%Everlane Glove Boot ReKnitEverlane's Glove Boot is a sleek boot made with stretchy, sustainable knit fabric and a walkable heel for all-day comfort. $46.00 FROM EVERLANEOriginally $115.00 | Save 60%OutdoorVoices The Exercise DressOutdoorVoices makes a few of our favorite athleisure items, and they're another example of a company that can balance form and function.$75.00 FROM OUTDOORVOICESOriginally $100.00 | Save 25%Rough Linen St. Barts Linen RobeThe Rough Linen St. Barts Robe is made from top-notch linen that offers a light feel and a cool, casual look.$131.93 FROM ROUGH LINENOriginally $167.00 | Save 21%Kiehl's Since 1851 Avocado Nourishing Hydration MaskWinter is coming, and Kiehls' Avocado Mask is here to provide your skin with hydration all season long. This nourishing treatment infuses your face with avocado and evening primrose oils, offering sumptuous moisture after just one use. Plus, it's green tint is a total throwback. You can save 50% on a jar during Black Friday sale. $21.50 FROM MACY'SOriginally $45.00 | Save 52%Giorgio Armani Lip Magnet Liquid LipstickA liquid lip color that gives you a super matte look, but it's so light it feels like a lip stain. The formula is highly pigmented, smudge-resistant, and comfortable on your lips.$19.00 FROM NORDSTROMOriginally $38.00 | Save 50%Nike Sportswear Essential Fleece PantsMade from soft fleece material, these sweats are perfect for everyday comfort.$48.00 FROM NORDSTROMOriginally $60.00 | Save 20%Thread & Supply Double Breasted PeacoatThis peacoat from Thread & Supply is a classic with a twist. The oversized buttons extend up the lapel to the collar, giving you the option to bundle up if necessary. And if you don't love it in black, never fear — you can save 31% on this coat in black, camel, or light gray. $39.90 FROM NORDSTROMOriginally $58.00 | Save 31%True & Co. True Body Triangle Convertible Strap BraletteThe convertible straps on this wireless bra can be worn either straight or crisscrossed, and the smooth material appears invisible under clothes.$30.80 FROM NORDSTROMOriginally $44.00 | Save 30%Spanx Faux Leather LeggingsMade with the same level of support as its signature shapewear but with a little extra stretch, these leggings are designed to not only make you look great but feel great, too. $78.40 FROM NORDSTROMOriginally $98.00 | Save 20%$78.40 FROM SPANX Originally $98.00 | Save 20%Lululemon Wunder Under High-Rise TightLululemon is, in many ways, the genesis of athleisure, so it's not surprising that the company has an edge in the space.$69.00 FROM LULULEMONOriginally $98.00 | Save 30%Chaps Mens Long Sleeve Button DownMade from an easy-to-care-for cotton blend and a dose of stretch, this men's button-down shirt will keep you looking polished all day.$19.98 FROM WALMARTOriginally $60.00 | Save 67%Nine West Car Coat CardiganThi cozy topper is part coat, part cardigan, and will keep you warm all winter. Save an extra 15% on this cardigan with the code ENJOY15 at checkout.$35.99 FROM KOHL'SOriginally $60.00 | Save 40%When is Cyber Monday?Cyber Monday falls on the Monday after Black Friday every year. In 2021, the shopping event will land on November 29.As a continuation of sorts to Black Friday, Cyber Monday gives shoppers another opportunity to save on tech, home goods, clothing, and more that you might've missed while digesting Thanksgiving dinner. Unlike Black Friday, though, Cyber Monday is entirely online.What time does Cyber Monday start?Cyber Monday officially begins at 12 a.m. ET on November 29. That said, the event is expected to carry over many deals from Black Friday, so some discounts are already available.What is Cyber Monday?Cyber Monday began as the online version of Black Friday, where online retailers offered big discounts to match their brick-and-mortar counterparts. Now, Cyber Monday is one of the biggest shopping days of the year, often surpassing even Black Friday in terms of revenue and sales. Previously, the main distinction between Black Friday and Cyber Monday was that Black Friday focused on in-store sales and Cyber Monday on online sales. But as shopping habits have increasingly favored the internet, shoppers can look forward to a very online-focused Cyber Monday and Black Friday. Cyber Monday offers a great opportunity to save on all your holiday gifts. How long do Cyber Monday sales last? Though Cyber Monday sales once took place on Monday only, we've seen them extend to longer and longer durations, with a handful lasting through the rest of the week. However, the best discounts we see are in limited supply and expire soon after they become available.What's better, Black Friday or Cyber Monday?With more and more buyers shopping online, the debate over which shopping holiday wins, is practically moot. Both events will be held predominantly online, and more than a few deals overlap. In fact, many Black Friday deals become Cyber Monday deals when the dates change. If possible, buyers should shop on both holidays. We've seen different products receive better discounts on each day, and the deals that each retailer offers will vary. Generally speaking, consumers shopping for big-ticket items, such as laptops, TVs, and kitchen appliances, can expect more opportunities on Black Friday. Shoppers looking for last year's models, smart home gadgets, digital subscriptions, and gift cards will likely find more luck during Cyber Monday.What should I buy during Cyber Monday?If a retailer offers Black Friday deals, it's a near guarantee that it will offer Cyber Monday deals, too. Amazon, Best Buy, Target, and Walmart are some noteworthy retailers that we know will participate in the shopping event, with deals across many product categories.We will likely see massive discounts on some of our favorite direct-to-consumer products during Cyber Monday, such as retail startups like Leesa and Brooklinen. For some online stores, Cyber Monday (or Cyber Week) will be one of the few times of the year when their products see major markdowns.Will there be Cyber Monday shipping delays?Shipping delays and shopping holidays are inextricably linked, so there's always a risk of late deliveries.To help you avoid the shipping crunch and get your stuff sooner, several retailers, including Walmart, Target, and Best Buy, offer in-store pickup and contactless curbside pickup. This means shoppers can grab their orders at a nearby location, provided that the retailer has it in stock. Best Cyber Monday deals we saw last yearLast year, we saw a lot of great sales on Cyber Monday ranging from sitewide discounts to specific products. Everything from home and kitchen, to subscription services were on sale during last year's annual savings event.Here are a few of the best Cyber Monday deals from 2020.  Philips Sonicare DiamondClean Classic Rechargeable Electric Toothbrush was $179 from Kohl's, originally $229.FujiFilm Instax Mini 11 Camera Bundle was $70 from Kohl's on Cyber Monday last year, originally $120.Keurig K-Supreme Single Serve K-Cup Pod Coffee Maker was $84 from Target on Cyber Monday last year, originally $140.How we select the best Cyber Monday dealsWe only choose products that meet our high standard of coverage, and that we've either used ourselves or researched carefully.We compare the prices among top retailers such as Amazon, Best Buy, Target, and Walmart and only include the deals that are better than all others offered (not including promotional discounts that come from using certain credit cards).All deals are at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsized value.Read more about how the Insider Reviews team evaluates deals and why you should trust us.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 28th, 2021

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

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

Category: topSource: businessinsiderNov 28th, 2021

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

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

Category: topSource: businessinsiderNov 28th, 2021

The best Black Friday 2021 deals still available

Black Friday is officially here, and incredible deals are available across the web. Save on top buys from Walmart, Target, Nordstrom, and more. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Apple; Amazon; Target; Nordstrom; Kohl's; Rachel Mendelson/InsiderBlack Friday 2021 is now underway and we're tracking the best deals across all categories including tech, home and kitchen, beauty and fashion, and health and fitness. Plenty of retailers already started offering big discounts before Black Friday, so don't be surprised if top items like Apple's AirPods Pro headphones and Instant Pot pressure cookers begin to sell out as the shopping holiday continues. That said, we've seen a few products go out of stock briefly only to return a few hours later.Below, we've selected the best deals we've found during Black Friday 2021, with prices from multiple retailers so you can compare and choose. We'll be adding new deals to the list on a regular basis through Cyber Monday, November 29.Best Black Friday 2021 tech dealsGoogle Nest Hub (2nd gen)The Google Nest Hub is a smart display with a unique Sleep Sensing feature to help you monitor your sleep habits. $49.99 FROM KOHL'SOriginally $99.99 | Save 50%$49.98 FROM WALMARTOriginally $99.98 | Save 50%$49.99 FROM BEST BUYOriginally $99.99 | Save 50%Apple Watch SE (40mm, GPS)With a recent Apple processor and many of the same features as the Series 7, the Apple Watch SE is a great budget-friendly option.$219.99 FROM TARGETOriginally $279.00 | Save 21%$279.00 FROM APPLEOriginally $279.00 | Save 0%Apple Watch Series 7Much more than a timepiece, the Apple Watch can also be used for keeping track of workouts, making phone calls, sending text messages, setting timers and alarms, counting calories, and more.$379.99 FROM AMAZONOriginally $399.00 | Save 5%$399.00 FROM APPLE$379.99 FROM WALMARTOriginally $399.00 | Save 5%Samsung Galaxy Watch 4 (40mm)The Samsung Galaxy Watch 4 is the obvious choice for Android users looking for a comprehensive, quality, premium smartwatch experience. However, it's a shame that the ECG feature is limited specifically to Samsung phone owners. $229.99 FROM BEST BUYOriginally $279.99 | Save 18%$199.99 FROM AMAZONOriginally $249.99 | Save 20%$199.99 FROM TARGETOriginally $249.99 | Save 20%MasterClass 2-for-1 membershipGet two MasterClass subscriptions for the price of one! Each subscription gets you access to all of MasterClass, so you can watch or sample unlimited celebrity and expert-led classes across a wide range of topics.$180.00 FROM MASTERCLASSOriginally $360.00 | Save 50%Sony WH-1000XM4Sony's WH-1000XM4 are our go-to pair of headphones when we look for a balance of sound quality and noise-cancelling performance.$248.00 FROM AMAZONOriginally $349.99 | Save 29%$248.00 FROM BEST BUYOriginally $349.99 | Save 29%$249.99 FROM TARGETOriginally $349.99 | Save 29%Bose QuietComfort 45The QuietComfort 45 have a refreshed design with improved noise cancelling and better battery life.$279.00 FROM BEST BUYOriginally $329.00 | Save 15%$279.00 FROM BOSEOriginally $329.00 | Save 15%$279.00 FROM AMAZONOriginally $329.00 | Save 15%Apple AirPods ProThe Apple AirPods Pro look and sound better than previous-generation AirPods. Plus, they have noise cancellation built right into them and integrate perfectly with other Apple devices. $159.00 FROM WALMARTOriginally $249.99 | Save 36%$159.00 FROM AMAZONOriginally $249.99 | Save 36%$189.99 FROM TARGETOriginally $249.99 | Save 24%$189.99 FROM BEST BUYOriginally $249.99 | Save 24%$209.00 FROM B&HOriginally $249.00 | Save 16%Apple AirPods (3rd Gen)Apple's third-generation AirPods offer longer battery life, a MagSafe charger, water resistance, and support for spatial audio. $154.99 FROM MICRO CENTEROriginally $179.99 | Save 14%$179.00 FROM APPLE$169.99 FROM AMAZONOriginally $179.00 | Save 5%$179.00 FROM BEST BUY$174.98 FROM WALMARTApple Airpods (2nd Generation)You’ll need to pick up your pair from your local Micro Center, but this is a solid deal price for the second-generation Apple AirPods. You can often find them discounted as low as $120, making this extra $5 drop noteworthy. $104.99 FROM MICRO CENTEROriginally $129.99 | Save 19%$114.99 FROM TARGETOriginally $129.99 | Save 12%$114.99 FROM AMAZONOriginally $129.99 | Save 12%$119.99 FROM BEST BUYOriginally $129.99 | Save 8%Apple MacBook Air (M1)The latest MacBook Air released in late 2020 gains Apple's new M1 processor, which brings impressively fast performance and long battery life, for under $1,000, making it the best Apple laptop overall.$849.99 FROM BEST BUYOriginally $999.99 | Save 15%$999.00 FROM APPLE$899.00 FROM B&HOriginally $999.00 | Save 10%Apple MacBook Pro with M1 Processor (13-inch, 8GB RAM, 256GB)Apple's latest MacBook Pro with the M1 processor is leaps and bounds beyond its predecessor, but the Intel MacBook Pro still has some tricks.$1199.00 FROM B&HOriginally $1299.00 | Save 8%$1299.00 FROM APPLELG 65-inch C1 OLED 4K TVLG’s C1 is one of the best 4K TVs you can buy. The OLED panel delivers incredible image quality with an infinite contrast ratio. This deal price matches the lowest we’ve seen so far.$1796.99 FROM AMAZONOriginally $2499.98 | Save 28%$1796.99 FROM WALMARTOriginally $2499.98 | Save 28%Samsung 65-inch Q60A QLED 4K TVSamsung's Q60A is the company's less expensive lineup of premium QLED TVs. $849.99 FROM BEST BUYOriginally $999.99 | Save 15%Amazon Fire TV 50" Omni SeriesAmazon launched its own smart TVs in fall 2021 and the Omni Series boasts features like hands-free Alexa support and video calling along with the latest Fire TV software.$359.99 FROM AMAZONOriginally $509.99 | Save 29%Amazon Echo (4th Gen)The latest Echo speaker from Amazon takes on a spherical design for more effective room-filling audio. $59.99 FROM AMAZONOriginally $99.99 | Save 40%$59.99 FROM BEST BUYOriginally $99.99 | Save 40%$59.99 FROM TARGETOriginally $99.99 | Save 40%Amazon Fire TV Stick 4K MaxThe Fire TV Stick 4K is designed to be 40% more powerful than Fire TV Stick 4K. It also adds Wi-Fi 6 support.$34.99 FROM AMAZONOriginally $54.99 | Save 36%$34.99 FROM BEST BUYOriginally $54.99 | Save 36%$34.99 FROM TARGETOriginally $54.99 | Save 36%Vizio Elevate 5.1.4 SoundbarVizio's Elevate soundbar offers a 5.1.4 Dolby Atmos experience with performance that rivals many full-fledged home theater systems.$798.00 FROM AMAZONOriginally $1099.99 | Save 27%$799.99 FROM BEST BUYOriginally $1099.99 | Save 27%Yamaha YAS-209 SoundbarYamaha's YAS-209 offers great sound, Amazon Alexa support, and well-balanced functionality for a reasonable price. $299.99 FROM BEST BUYOriginally $349.99 | Save 14%$299.95 FROM AMAZONOriginally $349.95 | Save 14%Fitbit Charge 4The Charge 4 hits a budget-friendly price point while offering stellar activity tracking in a smaller footprint than a smartwatch.$69.00 FROM WALMARTOriginally $149.94 | Save 54%$129.94 FROM AMAZONOriginally $149.94 | Save 13%GoPro Hero 9 BlackThe Hero 9 Black is GoPro's newest flagship camera, capable of shooting videos up to 5K and photos up to 20 megapixels.$349.99 FROM REIOriginally $450.00 | Save 22%$349.98 FROM GOPROOriginally $449.95 | Save 22%$349.99 FROM BEST BUYOriginally $449.99 | Save 22%$449.99 FROM B&H$449.99 FROM ADORAMALogitech C922x Pro Stream WebcamYou'll also want a decent webcam and mic if you want to be seen on screen, and provide commentary for your gaming.$74.98 FROM AMAZONOriginally $99.99 | Save 25%$79.98 FROM BEST BUYOriginally $99.99 | Save 20%Microsoft Surface Pro 7The Microsoft Surface Pro 7 is sleek and portable with excellent performance for on-the-go use — making it still the most premium 2-in-1 tablet to date.$999.99 FROM BEST BUYOriginally $1329.00 | Save 25%Best Black Friday 2021 kitchen dealsNinja Foodi 5-in-1 Indoor Grill with Air Fryer, Roast, Bake & DehydrateThe Ninja Foodi 5-in-1 has five functions, including grill, bake, and dehydrate. Its temperatures range between 105°F to 500°F, giving it a lot of versatility in cooking options. Many of the parts are dishwasher safe for easier cleanup. $169.99 FROM TARGETOriginally $229.99 | Save 26%$169.99 FROM KOHL'SOriginally $249.99 | Save 32%Vitamix Explorian BlenderThe renewed Vitamix Explorian is pre-owned, but every bit as good as new and comes with a 90-day Amazon Renewed Guarantee on top of a 3-year full warranty.$289.95 FROM TARGETOriginally $449.99 | Save 36%KitchenAid Artisan Mini 3.5 Quart Tilt-Head Stand MixerThe smallest of KitchenAid stand mixers, this model is the perfect size and strength for occasional bakers, new cooks, and those with petite kitchens.$299.99 FROM AMAZONOriginally $349.99 | Save 14%Instant Pot Duo Plus Pressure Cooker BundleThis bundle is a Target exclusive, and it includes an extra silicone egg rack and stainless steel steam rack for your pressure cooking needs. It’s only $60 right now — an excellent value for such a multifunctional kitchen appliance.$59.99 FROM TARGETOriginally $129.99 | Save 54%Our Place Always PanOur Place's Always Pan is multi-functional nonstick pan that's taken the internet by storm. It promises to replace eight different pieces of cookware in your kitchen. It can function as a steamer, saute pan, frying pan, and more. $99.00 FROM OUR PLACEOriginally $145.00 | Save 32%Cuisinart Chef's Classic 17-Piece Hard-Anodized Cookware SetThis nonstick set includes nine different pans, lids to match, and a steamer for a total of 17 pieces. $219.99 FROM KOHL'SOriginally $399.99 | Save 45%Keurig K-Mini Single Serve Coffee MakerThe slim 6- to 12-ounce coffee maker will fit neatly on any kitchen counter and save energy with the auto-off feature after brewing.$49.99 FROM TARGETOriginally $89.99 | Save 44%$49.99 FROM THE HOME DEPOTOriginally $79.98 | Save 37%Bodum Chambord French PressThe Bodum Chambord is about as timeless as French presses get. It's unfussy and operates smoothly, and replacement parts (screens, braces, etc.) are affordable and easily attainable. $25.00 FROM AMAZONOriginally $38.00 | Save 34%Best Black Friday 2021 home dealsBrooklinen Luxe Core Sheet Set (Queen)If you take your sleep comfort seriously, the pampering touch and good looks of Brooklinen's Luxe Sheets will have you sleeping like a baby.$140.00 FROM BROOKLINENOriginally $175.00 | Save 20%$140.00 FROM AMAZONOriginally $175.00 | Save 20%Tineco Pure One S11 SpartanIt's no Dyson, but the Tineco Pure One S11 Spartan still has all of the convenience of a cordless stick vacuum for a lower price. Down to $220, it's a solid deal for a barebones S11 model without the extra attachments.$169.00 FROM WALMARTOriginally $299.99 | Save 44%Dyson V10 AnimalTypically selling for $500, right now the V10 Animal is discounted by $150, a low we've only seen for Amazon Prime Day. The V10 Animal is set apart from the rest of the V10s by its affinity for pet hair pickup. $399.99 FROM BEST BUYOriginally $499.99 | Save 20%$399.99 FROM TARGETOriginally $499.99 | Save 20%$499.99 FROM DYSONEufy BoostIQ RoboVac 15C MAXQuiet, slim, and powerful, the eufy RoboVac 15C Max is a solid investment if you're looking for a robot vacuum. It's already very affordable at retail price, but you can also often find it on sale, making it an even better deal.$169.99 FROM AMAZONOriginally $279.99 | Save 39%$169.99 FROM EUFYOriginally $249.99 | Save 32%iRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%$399.99 FROM BEST BUYOriginally $599.99 | Save 33%Shark ION Robot® Vacuum RV750This is one of the cheapest smart vacuums we've seen to date – this far out from the official launch of Walmart's sale. It's tough to imagine this getting much cheaper during the deals event, so it might be wise to act quickly.$143.00 FROM WALMARTOriginally $299.99 | Save 52%Ecovacs Deebot Ozmo T8 AIVI Robot VacuumThe  Ecovacs Deebot Ozmo Pro Mopping System thoroughly cleans floors as opposed to pushing a wet cloth around. When paired with the Ecovacs Deebot Ozmo T8 AIVI Robot Vacuum, the two make easy work of time-consuming chores.$469.99 FROM AMAZONOriginally $749.99 | Save 37%$799.99 FROM BEST BUYBissell SpinWave Robot VacuumThe Bissell SpinWave Robot Vacuum picked up all the pet hair on carpet in our tests and has a great assortment of mop attachments and accessories. The company is also committed to helping homeless pets and helps them find loving homes. $249.00 FROM AMAZONOriginally $399.99 | Save 38%$249.00 FROM WALMARTOriginally $399.99 | Save 38%Dewalt Atomic 20-Volt Max Compact Drill/Impact Combo Kit This 20-Volt MAX Brushless Compact 2-Tool Combo Kit includes 1 cordless Drill/Driver, 1 cordless Impact Driver, two 20-Volt MAX Lithium Ion Batteries, 1 charger, and a carrying bag. $149.00 FROM THE HOME DEPOTOriginally $229.00 | Save 35%Best Black Friday 2021 gaming dealsNintendo eShop $50 Gift CardThe Nintendo eShop is the best place to shop for digital copies of Nintendo's games. This gift card is the perfect gift or investment for anyone with a Nintendo Switch. Better still, Nintendo's eShop offers several sales throughout the year. This means, patient shoppers can double their savings.$45.00 FROM WALMARTOriginally $50.00 | Save 10%$50.00 FROM BEST BUY$45.00 FROM NEWEGGOriginally $50.00 | Save 10%Xbox Game Pass for PC (3-Month Membership)Typically, you can get a 3-month Game Pass subscription for $30. Right now, it's only $20, a solid deal. This is the PC version, which gets you EA Play, exclusive member discounts, and unlimited to access to over 100 games. $1.00 FROM MICROSOFTOriginally $29.99 | Save 97%$19.98 FROM AMAZONOriginally $29.99 | Save 33%$19.98 FROM BEST BUYOriginally $29.99 | Save 33%PlayStation Plus 12-Month SubscriptionPlayStation Plus allows gamers to play online, nets them special discounts in the PlayStation Network store, and subscribers get free games each month that remain available as long as the PlayStation Plus subscription is active. $36.99 FROM CDKEYSOriginally $59.99 | Save 38%$39.99 FROM BEST BUYOriginally $59.99 | Save 33%$39.99 FROM AMAZONOriginally $59.99 | Save 33%Microsoft Xbox Series S|X Wireless ControllerThis latest-gen Xbox gamepad is the best Microsoft has ever made, and during Cyber Monday, shoppers can save $20 on this recently released controller.$49.99 FROM MICROSOFTOriginally $59.99 | Save 17%$54.99 FROM BEST BUYOriginally $59.99 | Save 8%$49.00 FROM GAME STOPOriginally $54.99 | Save 11%$52.99 FROM WALMARTOriginally $59.99 | Save 12%Best Black Friday health & fitness dealsTheragun PROThe Theragun Pro is our top pick: a powerful, customizable, and durable massager that's worth every bit of its $600 price tag. $399.99 FROM TARGETOriginally $599.99 | Save 33%$399.00 FROM AMAZONOriginally $599.00 | Save 33%$399.00 FROM NORDSTROMOriginally $599.00 | Save 33%$399.00 FROM THERABODYOriginally $599.00 | Save 33%23andMe Ancestry + Health KitThe 23andMe DNA Ancestry + Health Kit tells you which illnesses you're predisposed to and gives you a full look at your ancestry.$99.00 FROM AMAZONOriginally $199.00 | Save 50%$99.00 FROM 23ANDMEOriginally $199.00 | Save 50%AncestryDNA Genetic Ethnicity TestThe Ancestry DNA Origins + Ethnicity Test gets you access to the largest customer database, which means more detailed results and more family matches.$49.00 FROM ANCESTRYOriginally $99.00 | Save 51%$49.00 FROM WALMARTOriginally $99.00 | Save 51%Lululemon Reversible (Un)MatThe cleverly named Reversible (Un)Mat from Lululemon is like having two lightweight yoga mats for the price of one.$59.00 FROM LULULEMONOriginally $68.00 | Save 13%Fitbit LuxeThe Fitbit Luxe is the company's latest fitness band that comes with a sleek design and advanced health features like stress management and the ability to measure heart rate variation.$99.99 FROM KOHL'SOriginally $149.99 | Save 33%$99.95 FROM FITBITOriginally $149.94 | Save 33%$99.95 FROM BEST BUYOriginally $149.94 | Save 33%Mirror from lululemonThis isn't just a mirror. It's a cardio class, it's a yoga studio, it's a boxing ring, it's your new personal trainer, and it's so much more. For Cyber Monday, Mirror is on sale for $500 with the code "CYBERMONDAY20"$995.00 FROM MIRROROriginally $1495.00 | Save 33%Hydro Flask 32-Ounce Wide Mouth This bottle has all the hallmark features of a Hydro Flask water bottle — 12-24 hours of temperature retention, powder color coating that won't chip or fade with time, a silicone twist top — with the very convenient wide mouth for easy pouring and drinking.$33.71 FROM HYDRO FLASKOriginally $44.95 | Save 25%Oral-B Pro 1000This budget-friendly and highly effective electric toothbrush is compatible with a wide range of replacement brush heads.$29.97 FROM AMAZONOriginally $59.99 | Save 50%$29.99 FROM TARGETOriginally $49.99 | Save 40%$29.97 FROM WALMARTOriginally $49.97 | Save 40%Best Black Friday style & beauty dealsKiehl's Since 1851 Avocado Nourishing Hydration MaskWinter is coming, and Kiehls' Avocado Mask is here to provide your skin with hydration all season long. This nourishing treatment infuses your face with avocado and evening primrose oils, offering sumptuous moisture after just one use. Plus, it's green tint is a total throwback. You can save 50% on a jar during Nordstrom's Black Friday sale. $22.50 FROM NORDSTROMOriginally $45.00 | Save 50%Giorgio Armani Lip Magnet Liquid LipstickA liquid lip color that gives you a super matte look, but it's so light it feels like a lip stain. The formula is highly pigmented, smudge-resistant, and comfortable on your lips.$19.00 FROM NORDSTROMOriginally $38.00 | Save 50%Anastasia Beverly Hills Brow DefinerThere's a reason why Anastasia Beverly Hills' Brow Definer is a favorite among beauty editors. The angled applicator allows you to sketch on hair-like strokes, providing you with a natural-looking fill every single time. The Definer is on sale during Nordstrom's Black Friday sale, and it's one of the best prices we've seen for this cult-favorite product. You can shop it in every color for just $16. $16.10 FROM NORDSTROMOriginally $23.00 | Save 30%Nike Sportswear Essential Fleece PantsMade from soft fleece material, these sweats are perfect for everyday comfort.$48.00 FROM NORDSTROMOriginally $60.00 | Save 20%Thread & Supply Double Breasted PeacoatThis peacoat from Thread & Supply is a classic with a twist. The oversized buttons extend up the lapel to the collar, giving you the option to bundle up if necessary. And if you don't love it in black, never fear — you can save 31% on this coat in black, camel, or light gray. $39.90 FROM NORDSTROMOriginally $58.00 | Save 31%True & Co. True Body Triangle Convertible Strap BraletteThe convertible straps on this wireless bra can be worn either straight or crisscrossed, and the smooth material appears invisible under clothes.$30.80 FROM NORDSTROMOriginally $44.00 | Save 30%Spanx Faux Leather LeggingsMade with the same level of support as its signature shapewear but with a little extra stretch, these leggings are designed to not only make you look great but feel great, too. $78.40 FROM NORDSTROMOriginally $98.00 | Save 20%$78.40 FROM SPANX Originally $98.00 | Save 20%Urban Decay Perversion Volumizing MascaraUrban Decay's cult-favorite mascara lifts and adds volume with one simple swipe — and it never, ever clumps. You can score a full-sized tube for just $10 during Nordstrom's Black Friday sale. That's a saving of 60% off the regular price. $10.00 FROM NORDSTROMOriginally $25.00 | Save 60%Lululemon Wunder Under High-Rise TightLululemon is, in many ways, the genesis of athleisure, so it's not surprising that the company has an edge in the space.$69.00 FROM LULULEMONOriginally $98.00 | Save 30%Chaps Mens Long Sleeve Button DownMade from an easy-to-care-for cotton blend and a dose of stretch, this men's button-down shirt will keep you looking polished all day.$19.98 FROM WALMARTOriginally $60.00 | Save 67%Levi's Men's 511 Slim Fit JeansLevi's 511 Jeans features a slim fit that most people will appreciate for daily wearing.$41.70 FROM AMAZONOriginally $69.50 | Save 40%$41.70 FROM KOHL'SOriginally $69.50 | Save 40%$41.70 FROM MACY'SOriginally $69.50 | Save 40%Nine West Car Coat CardiganThi cozy topper is part coat, part cardigan, and will keep you warm all winter. Save an extra 15% on this cardigan with the code ENJOY15 at checkout.$21.24 FROM KOHL'SOriginally $60.00 | Save 65%Black Friday 2021 FAQSWhat is Black Friday?Black Friday is an annual sales event that traditionally happens at the end of November, marking the beginning of the holiday shopping season. The savings event is one of the biggest shopping holidays of the year — sales are so high that the day can push a retailer into "the black," or solvency.We've been seeing noteworthy price drops for the entire month of November, with all-time lows cropping up more and more as the day gets closer.When is Black Friday 2021?Black Friday is always the Friday after Thanksgiving. This year, Black Friday falls on November 26. However, we've already seen Black Friday-caliber deals pop up in the weeks leading up to the big day.Retailers like Amazon, Walmart, and Best Buy have already kicked off their Black Friday sales, days before the holiday itself.What time does Black Friday start?Technically speaking, Black Friday starts at 12:00 a.m. local time on November 26 for online retailers. However, Black Friday sales start whenever each retailer decides their deals will go live.A handful of retailers, like Walmart and Amazon, have already begun offering deals for the event.What time do stores open on Black Friday?Here are the opening times for the major retailers we're tracking throughout Black Friday. Keep in mind can shop all the retailers below, plus others like Amazon, around the clock online.Apple: Varies by store, check store hours here.Bed Bath & Beyond: 6 a.m.Best Buy: 5 a.m.Dick's Sporting Goods: 5 a.m.The Home Depot: 6 a.m.Kohl's: 5 a.m.Lowe's: 6 a.m.Macy's: 6 a.m.Nordstrom and Nordstrom Rack: Varies by store, check store hours here.Sephora: Varies by store, check store hours here.Target: 7 a.m.Ulta Beauty: 6 a.m.Walmart: 5 a.m.How long do Black Friday sales last?Don't be fooled by the name that suggests Black Friday is a single day. It's most definitely not. It's more like a shopping season that begins in early November. What should you buy on Black Friday?Since it falls a few weeks before the gift-giving season, Black Friday provides excellent opportunities to buy and save on all your holiday gifts before the last-minute rush. It's nearly guaranteed that you'll get great value for your money on certain products during Black Friday — but some items tend to see better discounts at other times of the year. If you go in knowing what you're looking for, you're less likely to be ripped off by a fancy-looking coupon or to spend money on products you don't need.Shoppers can expect tons of great deals — including so-called "doorbusters" — online before and early on in Black Friday. During the event, prices will drop to all-time lows, often beating out prices we see over the course of the year. The sale covers every product category: tech, home and kitchen, fashion, and smart home. This Black Friday, shoppers should expect to see similar offers to the ones we saw on Amazon Prime Day, except more wide-ranging.We recommend focusing on the following product categories if you want the best deals: TVsSmart home devicesGaming consoles and video gamesKitchen appliancesHistorically, Black Friday has been a great time to purchase big-ticket electronics — especially larger TVs. Whether you're looking for a top-of-the-line Samsung set or LG OLED, or a budget-friendly TCL or Hisense model, Black Friday will likely deliver several deals.Much like Amazon Prime Day, we saw tons of discounts on smart home products last Black Friday. Amazon Echo products dropped to their lowest prices ever, plus we saw several discounts and bundles on Google's recently released products.This Black Friday we expect to see discounts on the latest Xbox and Playstation games. While we didn't see any markdowns on new consoles last year, we did see a few bundles crop up and we expect more of them in 2021 if retailers are able to secure stock. If you're looking for a kitchen upgrade, Black Friday is a great time to shop. We saw big discounts on Instant Pot pressure cookers, KitchenAid appliances, pots and pans, plus everything else you'll want for the upcoming holiday season.Of course, the deals found during Black Friday are incredibly wide-ranging. There have also been several deals on diapers, toilet paper, and other household essentials.Is Black Friday or Cyber Monday better?It's complicated, and it matters less every year.For those unfamiliar, Cyber Monday traditionally comes three days after Black Friday, on Monday. However, we've seen Black Friday and Cyber Monday slowly merge and expand to a weeklong, or even a month-long affair. Different products receive better discounts on each day, and the deals that each retailer offers will vary.A good rule of thumb to follow: If you think you see a good deal, (e.g., one we recommend) create the order as soon as possible. While you can always cancel or return a product, it's impossible to take advantage of an inactive, or expired deal.Suppose you purchase a discounted product during Black Friday and see a more significant markdown at another retailer come Cyber Monday. Don't sweat it.You can ask the original storefront to match the price (some automatically refund you the difference), or you can return or cancel the order, then place a new order with a better price. Some orders won't even ship during the weekend, which makes it easy to cancel orders.For those who can shop in-person during Black Friday, we've found that it's better to shop on Black Friday in these situations:For expensive productsFor major storesFor this year's productsWhat stores have Black Friday deals? Outside of a few notable exceptions like REI, nearly every major retailer and direct-to-consumer company is offering markdowns during the event. We've seen deals from Walmart, Best Buy, Dell, Amazon, Adorama, Lowe's, The Home Depot, and more.As we do every Black Friday, we will be sifting through all of the offers and rounding up the best deals from your favorite retailers.Will there be Black Friday shipping delays?Shipping delays and major shopping holidays go hand in hand, and this year is no exception. Supply chain issues are cropping up, but they probably won't ruin your Christmas. To be safe, try buying your gifts as early as possible to avoid stock issues. With so many deals rolling out early, that's easier than ever.When do Black Friday ads come out?Most Black Friday ad scans are already available, including Walmart, Kohl's, Macy's, Amazon, and Target. For the full list of available ads, check out the catalog compiled on BlackFriday.com.Best Black Friday Deals we saw last yearLast year, we rounded up the best Black Friday deals we could find. Some of the best deals we found discounted many products over 50% with hundreds of dollars in savings. Here are some of the best markdowns we saw last year. iRobot Roomba 675 robot vacuum was $179 on Amazon, originally $229.LG 75" 80 Series smart webOS TV was $999 at Best Buy, originally $1,499.Insignia 24-inch Fire TV was $100 from Amazon, originally $170.Lenovo smart clock was $35 from Best Buy, originally $80.Samsung 1TB internal SSD was $100 from Walmart, originally $280.How we select the best Black Friday dealsWe only choose products that meet our high standard of coverage and that we've either used ourselves or researched carefully.We'll compare the prices among top retailers such as Amazon, Best Buy, Target, and Walmart and include only the deals that are better than all others offered (not including promotional discounts that come from using certain credit cards). All deals will be at least 20% off, with the occasional exception for products that are rarely discounted or provide an outsize value.Read more about how the Insider Reviews team evaluates deals and why you should trust us.Read the original article on Business Insider.....»»

Category: personnelSource: nytNov 26th, 2021

How to spot fake Amazon reviews and avoid scammers

You can spot Amazon fake reviews by learning common red flags, or by visiting third-party websites that are designed to filter out fake reviews. Knowing how to spot fake reviews on Amazon can help you make more informed purchases.Tirachard/Getty Images You can spot Amazon fake reviews by learning common red flags. There are several third-party websites with algorithms that filter out fake reviews. Fake Amazon reviews can hurt both consumers and Amazon retailers. Visit Insider's Tech Reference library for more stories. There are millions of products available for sale on Amazon. Deciding which of these products to buy can be tricky, especially if it's a product, brand, or seller you're unfamiliar with. Reviews can help with making purchase decisions, but not if they aren't real. When shopping on Amazon, it's important to look beyond the 1- to 5-star rating at the top of the listing. Here's what you should know about fake reviews, why they exist, and why you should care. Quick tip: You can leave your own reviews for items you've purchased online or on the Amazon app.Understanding fake Amazon reviewsFake reviews on Amazon are more common than you might think — there's entire websites dedicated to weeding out these intentionally deceptive reviews. Lisa Sabatini, an editor on the Reviews team at Insider, defines fake reviews as inauthentic buyer assessments of a product. "Often they are particularly glowing or negative," Sabatini said. "These reviews may be written by Amazon users on behalf of a brand or third-party seller, even though the reviewers themselves have not purchased or used the product." Fake reviews are also written by people who have actually bought or tried the product. "In some cases, the seller will contact the buyer and ask them to write a particularly glowing assessment," Sabatini said. "In return, these users may receive refunds and free products."There are several reasons why fake reviews exist. Sabatini noted that they're sometimes used by brands and third-party sellers to mislead people into purchasing their products. "These reviews tend to exaggerate a product's quality and usefulness," Sabatini said. "On the other hand, negative fake reviews are a tool used by sellers and brands to discourage people from buying a competitor's product."Whether you're a consumer or an Amazon retailer, there are several reasons why you should care about fake reviews. Sabatini pointed out that fake reviews can cause lackluster products with manipulated ratings to appear at the top of search results. Since Amazon's search algorithm won't always weed out fake reviews, a product that has more 4- and 5-star reviews may appear higher in the search results than a product with just a handful of positive reviews, even if the product with more reviews has mostly fake ones. This hurts consumers who may not be able to identify fake reviews and possibly end up purchasing a low-quality product. This can also hurt Amazon retailers who, despite selling a higher quality product,  may have trouble standing out among competitors with falsely positive  reviews. Retailers can also be negatively affected if their competitors post fake negative reviews on their products. How to spot Amazon fake reviewsWhile spotting fake reviews isn't an exact science, there are some red flags to look out for, according to Sabatini:Look at the percentage of 1- to 5-star reviews. If 70% of the reviews are 4 or 5 stars and 30% are 1-star reviews, that is unusual.Check if the reviews are vague. If the reviews are extremely positive or negative but don't specifically mention what makes them good or bad (like "Love it!" "Great," or "Horrible!"), the review may be fake. If the review mentions a competing product, that's a red flag. For example, if a user says not to spend your money on a product but to check out another brand, that's definitely suspicious.Take into account the popularity of the product. If a fairly unknown or less popular product has thousands of reviews, it's worth giving those reviews a closer look.This legitimate review comes from a user with a verified purchase and includes detailed information on what they thought about the product, with images.Abigail Abesamis DemarestThird-party sites that spot Amazon fake reviewsScanning reviews can be a tedious, time-consuming process. Thankfully, there are several third-party sites (not affiliated with Amazon) that are specifically designed to evaluate reviews and determine if they might be fake. Sabatini notes that these apps use algorithms to analyze both the product's reviews and the reviewers themselves. ReviewMetaReviewMeta is a metrics tool that analyzes user reviews on Amazon. To use it, simply paste an Amazon product link into the search box and click "Go." Enter the product URL to get a report.Abigail Abesamis DemarestOnce the deep data analysis is completed, ReviewMeta provides an adjusted rating (filtering out reviews that their algorithm deems potentially unnatural) as well as a report card highlighting any issues it finds with the product reviews. This can include deleted reviews, unverified purchases, and phrase repetition. ReviewMeta notes that the grade (Pass, Fail, or Warn) does not necessarily prove whether or not fake reviews exist.See an adjusted rating and get further review intel following the analysis on this page.Abigail Abesamis DemarestFakespotFakespot is a browser extension that helps to spot fake reviews on a variety of websites, including Amazon, eBay, and Walmart. It can also alert you to potentially shady sellers and scam websites. It works on Chrome, Firefox, iOS, and Android. When shopping online, Fakespot gives you the option to filter products by how legitimate the reviews seem or filter out listings with a lot of fake reviews.On this page, you can add Fakespot to your browser.Abigail Abesamis DemarestThe Review IndexThe Review Index is another Amazon reviews analysis tool. It works similarly to ReviewMeta in that you simply paste the product link into the search bar to get a detailed analysis based on their algorithm. It gives a score out of 10 and highlights the review language for specific aspects of a product (reliability, battery life, etc.).You can see The Review Index's product review rating on this page.Abigail Abesamis DemarestRead the original article on Business Insider.....»»

Category: dealsSource: nytNov 19th, 2021

Post-Zillow, Offerpad Posts Strong Q3 Results On Strength of ‘Ground Game’

After the demise of Zillow’s iBuying service, real estate observers were anxious to hear from other players in the industry, with many positing that the entire iBuyer model might be in jeopardy. One of those players, relative newcomer Offerpad, announced its Q3 earnings last week—to the disappointment of anyone praying for the downfall of iBuying. […] The post Post-Zillow, Offerpad Posts Strong Q3 Results On Strength of ‘Ground Game’ appeared first on RISMedia. After the demise of Zillow’s iBuying service, real estate observers were anxious to hear from other players in the industry, with many positing that the entire iBuyer model might be in jeopardy. One of those players, relative newcomer Offerpad, announced its Q3 earnings last week—to the disappointment of anyone praying for the downfall of iBuying. The company, which only went public in September, reported stronger than expected growth across the board and CEO Brian Blair offered bullish predictions for both Offerpad and the overall iBuying landscape. “Our business model strategy and experience set us apart from others in the industry,” Blair said on the company’s earning call. We’ve created a flexible business model designed to adapt in any real estate cycle.” Offerpad saw a 33% increase in revenue this quarter, up to $540.3 million. This matched a corresponding increase in homes sold, which numbered 1,673, also a 33% increase over last quarter according to CFO Mike Burnett. Founded in 2015, Offerpad is still not profitable, posting a $15.3 net loss for Q3. Gross profit this quarter was $53.1 million, an increase of 169% over Q3 last year. But the future looks bright for Offerpad as it increased its 2021 overall projections after this quarter’s results, looking to pick up about 100 more homes than its original forecast and increasing gross profit outlook by $5 million. Investors reacted optimistically to the news, with Offerpad trading 4% higher early Thursday following the earnings call, at around $7.50. An iBuyer’s World Zillow’s withdrawal from Buying—when it reported it would lose more than $500 million after aggressively overpaying for homes—had analysts wondering if other iBuyers would succumb to similar pitfalls. The company cited the limitations of algorithmic home valuations and the volatility of real estate market fluctuations as being responsible for the sudden collapse of its iBuying venture. Offerpad, though, seems to have successfully navigated these issues, with Blair and Burnet emphasizing a balance between data-based technologies and on-the-ground real estate experts as guiding a “responsible and disciplined” approach to growth. “Our financial results from this quarter speaks to the success we are already seeing from our teams’ ability to execute,” Blair said. Blair added the company had anticipated a cooling of the overall housing market, which he attributed to both seasonality and larger macroeconomic trends. Offerpad has also been more careful with the homes it purchases, he said, with an eye on supply chain bottlenecks and labor constraints—not buying a home that would need all new windows, for instance, in a market where glass might take months or longer to reach renovators charged with fixing up that house. When asked by an investor to directly respond to the implication of the Zillow collapse, Blair spoke about the importance of being able to formulate and follow through operationally rather than blaming any larger market trends or ripples. “I think the news that came out was shocking to a lot of people,” he said. “What I keep saying, and I’ve tried to shout this from the rooftops for years, is it comes down to execution and operations and logistics. This is as much a logistics business as it is a real estate technology company.” Expanding into an end-to-end business by offering loan services or getting customers to both buy and sell with Offerpad is a long-term growth strategy for the company, according to Blair. He also lauded the decision to have a large team of in-house renovators as allowing Offerpad to skirt some of the current issues many in the industry have encountered with finding skilled contractors. Though the recent market slowdown has slightly thrown off the 100 day goal for turnaround times on selling homes, Blair expressed optimism that that target remained viable. He again credited Offerpad’s reliance on in-market real estate specialists for the company’s ability to accurately move homes. “We dedicated through our data and analytics, but also through our ground game with our teams in there,” Blair said. “We have directors of asset management in every one of our markets, they’re highly focused on making sure those houses are hitting our turn times.” Jesse Williams is RISMedia’s associate online editor. Please email him your real estate news ideas to jwilliams@rismedia.com. The post Post-Zillow, Offerpad Posts Strong Q3 Results On Strength of ‘Ground Game’ appeared first on RISMedia......»»

Category: realestateSource: rismediaNov 18th, 2021

SCOTT GALLOWAY: Here are the companies I predict will get acquired - and by whom - in 2022

Tech giants are buying up smaller media firms left and right because of one very valuable asset: their audiences. Peloton is one of the companies Galloway predicts could be acquired next year. Ezra Shaw/Getty Images Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is a recent blog post, republished with permission, that originally ran on his blog, "No Mercy / No Malice." In it, Galloway talks about which media and content companies he predicts will get acquired. Three weeks ago, "someone" floated the idea of PayPal buying Pinterest. PYPL plunged 5% the next day (shedding the value of Under Armour) and the company then denied the rumors. Our thesis: PayPal's management leaked the story as a trial balloon, and let it float away when the market threw up on the notion of PinPal (couldn't resist).PayPal should have had the courage of its convictions. Pinterest is a great product with a shitty business model, as evidenced by what feels like a desperate attempt to monetize with ads that pollute the platform. The asset here is not the business model or cash flow, but the 444 million people (nearly the population of the US and Russia combined) who log on to Pinterest every month. The fat lady likely hasn't sung: The asset is now 10% cheaper than it was pre-balloon. Scott Galloway In an attention economy, scaling users solves most economic problems. And problems are solved faster when you have a business model than can monetize each user at a healthy rate. Fintech is good/great at this, and the market cap per user of these two firms reflects this. Scott Galloway The lesson here is that advertising is a shitty business. It's (much) less shitty for companies that have the populations of the Western hemisphere and can construct a digital corpus based on data they capture. But they still don't command the premium of fintech. Social platforms must find more products to spray across their user base, while fintech companies need more users.This is the reason we'll see a flurry of acquisitions of media/content firms whose audiences can be better monetized across a payment platform. Amazon Prime Video and AppleTV+ are validation that media is worth more as part of a non-media company than it is as a standalone business. In sum, media has become featurized.Eyeball acquisitionFirms in every sector are realizing that the best way to reduce their CAC (customer acquisition cost) is to produce proprietary content that keeps customers engaged and increases word of mouth. Media companies cultivate engaged communities that take years, if not decades, to build. While a Gulfstream 500, at $45 million, seems impossible to rationalize economically, it can be justified if you have more money than time (i.e., if you're an old rich person). Fintech firms are about to embark on the mother of all midlife crises and pay huge sums for private jets posing as media firms.It's already started. Hubspot acquired The Hustle, a media company that produces a newsletter and a podcast. JPMorgan acquired The Infatuation, a publisher that provides restaurant recommendations and produces live food events. Square acquired Tidal, a music streaming service. Robinhood acquired MarketSnacks, a financial news company that offers bite-size business updates. Many others are purchasing audiences instead of products.But not all eyeballs are equal. Eyeball value is a function of several factors:AffluenceEngagementLoyaltyThe eyeball market is hierarchical. Big Tech floats atop the food chain. Legacy media whales swim just below. Crawling on the seabed are thousands of microcommunities - newsletters, messaging channels, recommendation sites, influencer followings - that present unique monetization opportunities for the predators above. Scott Galloway Match gameIf you're not buying eyeballs/audiences, you're buying features/products. Big Tech has been bolting on capabilities this way for decades. The iPhone is a Frankenstein of acquired tech, from the touchscreen (FingerWorks, 2005), to the SoC (P.A. Semi, 2008), to Siri (Siri, 2010). Amazon bought robotics (Kiva, 2012), grocery stores (Whole Foods, 2017), and smart doorbells (Ring, 2018). Microsoft launched its empire on a product acquisition (DOS, which it bought way back in 1981).Then there's the unlikely peanut-butter-and-chocolate idea, somewhat out there, best considered when shareholders are under the influence of an edible or a frothy market. In 2005 the founders of a small mobile startup were pitching VCs for financing when they took a meeting with two guys named Larry and Sergey who owned a search company. They wanted to buy the mobile startup, they said, and give the product away for free. Google's decision to acquire Android is obvious in hindsight, but was strategic genius at the time.The hard truth is that most high-profile acquisitions don't pay off. But the ones that do pay off bigly. These are some of the largest bets on the table. An exercise I often do when asked to speak to boards of directors: Imagine it's three years from now and your market cap has trebled. What likely happened to get you there? I find that framing gives board members, who spend a lot of their time being skeptical, worrying about downside, license to think big. And typically, some of the ideas this exercise generates are acquisitions that seem crazy at the time but may prove to be crazy genius.Let's go crazyTesla could buy truck stop company Pilot Flying J. Tesla's been building superchargers at the company's locations for several years, but bringing the entire operation in house would let it upgrade the user experience and extend Tesla's brand and value proposition - think Apple Store. Vertical integration is in Tesla's DNA - it makes more of its own components than traditional auto manufacturers do, and Elon has said that "building the machine that makes the machine" is a critical success factor. The company owns its own sales and service network already.An integrated Tesla experience at the charging station would make its passenger cars more valuable today and a true long-haul variant of the Tesla Semi more viable tomorrow. It might look like a step backward for the EV king to start selling gasoline, but what better way to put itself in front of potential electric vehicle customers? Many long haul truckers own their own rigs. Elon will have to pry Pilot Flying J away from Warren Buffett, but a few billion in Tesla stock should break it loose. Maybe a Twitter poll?Another valuable acquisition target is NFT marketplace OpenSea, which lets users trade tokenized digital assets - usually art - on the blockchain. With a 97% market share, it's already made a name for itself as the premier operating system for NFT trading. Last week it crossed $10 billion in all-time sales volumes. Payment processors including PayPal should be drooling over this firm. It provides immediate entry to a herd of young, highly engaged crypto enthusiasts and could help modernize PayPal's retail footprint. PayPal can alternatively build up its own crypto-trading platform - it's working on this with Venmo - but there's a big difference here between jumping on the bandwagon and owning it. If PayPal had processed the more than $5 billion worth of sales on OpenSea in the last two months, it would have raked in almost $200 million at current rates.But the low-hanging fintech-media buy is for Dorsey's taking. Square has established a strong foothold in payments and acquired a number of other interesting features in the process, such as Tidal (music streaming), Caviar (food delivery), and Afterpay (lending). The most obvious, the purchase that could identify Square as the overnight leader in the race to SuperApp, is social. Fortunately for Square, its cousin twice-removed is a social media giant. Dorsey could unite Square and Twitter and initiate its march toward becoming the next WeChat. He'd also have the luxury of running two mega corporations from the same office.2022My annual predictions are coming up in a few weeks. Some likely M&A-related predictions for 2022:The regulatory big chill around big tech and acquisitions thaws: either the DOJ proves flaccid, or it breaks up companies and oxygenates the marketplace. Both outcomes give clarity, and these companies will begin acquiring again.2022 is the biggest year in M&A in recent history, as the "Race to the SuperApp" inspires leviathans to couple with other leviathans.Fintech and legacy banks go shopping for media and content.Twitter cleans up the fake accounts suppressing its revenue, the stock drops below $40, and Jack unites his sister-wives (Square acquires Twitter).Peloton gets bought. Its likely acquirers? Nike or Apple.An NYU professor acquires the Rangers International Football Club, PLC.Re: the last one, the best way to predict the future is to create it.Life is so rich,ScottRead the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 12th, 2021

44 thoughtful and useful gifts under $25 you can buy on Amazon this holiday season

I asked my colleagues to share the best things they've bought for under $25 on Amazon. These are all of our favorite affordable finds. When you buy through our links, Insider may earn an affiliate commission. Learn more. Getty Images Amazon has wide selections and low costs, making it difficult to know what's worth buying. The Insider Reviews team shared the best things they've bought on Amazon for under $25. We unearthed some interesting finds, from a cheddar cheesy powder to a vintage puzzle. Amazon has become the one-stop shop for an unbelievable amount of online purchases. The e-commerce kingpin has a huge selection where you'll find household names, low prices, and the two-day (or two-hour) Prime shipping that panders well to those among us who are gluttons for instant gratification.But a huge selection can make it time-consuming and ultimately expensive to root out what's really worth spending your money on. The best loophole is to seek out recommendations from people you trust. We asked our colleagues at Insider about the best things they've bought on Amazon for under $25 - most of whom spend every day researching and testing thousands of products to find the few worth writing home about. Below are the 44 best things we've bought on Amazon that cost us less than $25: A ring that holds your nail polish Amazon Wearable Nail Polish Holder Ring (small)For the manicure-obsessed friend, this nail care gift is something they'll absolutely need. The wearable nail polish holder allows you to flawlessly polish your nails without bothersome spills. —Taylor Jeffries A deck of tarot cards Lauren Savoie/Insider Original Tarot Cards Deck (small)I'm not into the occult, but this deck of tarot cards has bought be endless hours of fun with my friends and insight for journaling. On days I don't feel inspired to write in my journal, I pull a card and reflect on whatever feelings it brings up. —Lauren Savoie A quick-drying styling brush Jacqueline Saguin/Insider Volume & Body Round Brush (small)Some may think a blow dryer does all the work, but a round brush makes all the difference. Replacing the $5 styling brush I've owned far past its use, the Wet Round Brush completely revived my hair routine. It grips onto large hair sections and helps dry my entire head in 10 minutes, making it a great haircare product to gift. Knowing its on Amazon, I'll definitely be gifting myself this brush more frequently. —Jacqueline Saguin A satisfying foot peel mask Amazon Foot Peel Mask (small)Ok, I know these things are all over the internet, but this winter is the perfect time to gift one of these viral foot peels. It took about five days for my feet to start peeling after using it, but it was so satisfying in a really gross, but fascinating sort of way. The end result was that my feet looked and felt softer, but I have to say that the process was all part of the fun. —Lauren Savoie A cat teaser toy that keeps interest Amazon Natural Instinct Cat Bait Morpho Teaser Toy (small)As a crazy cat mom, I'm constantly looking for new toys that my cat will like and she is very picky and loses interest pretty quickly. For whatever reason, she is obsessed with this teaser toy. I originally bought it for myself because I was tired of bird wands breaking or snapping and this looked like it had more solid construction (it does). An unexpected result is that my cat loves this gift more than any I've ever bought her and still hasn't lost interest a few months in. —Lauren Savoie Delicious coffee grounds Sally Kaplan/Insider Coffee Chicory (small)I usually abide by a time-consuming pour-over routine that involves grinding my own beans every morning, but when I'm short on time (and honestly, even when I'm not), I've come to rely heavily on this Cafe Du Monde chicory coffee. Most pre-ground coffee is flavorless and brews a weak cup, but this stuff is strong, rich, and delicious. Ten out of ten, highly recommend gifting this to a coffee lover! —Sally Kaplan A handy dough scraper Amazon Two-Piece Dough Scraper (small)If they bake a lot, do them a favor and gift a pack of these plastic bench scrapers. They're great for scraping dough out of bowls or off the counter — I can't tell you how handy they are! —Sally Kaplan A two-in-one workout bra tank Jacqueline Saguin/Insider Padded Sports Bra Tank Top (small)I've found some of my favorite workout pieces from Amazon. This two-in-one sports bra tank has a smoothing material that rivals luxury activewear fabrics that you may gift this season. Its cropped cut meets high-waisted leggings for a flattering fit. Plus, it comes in 19 fun colors. —Jacqueline Saguin A sweet-smelling scrub for sensitive skin Jacqueline Saguin/Insider Brown Sugar Body Scrub (small)Face and body scrubs make me nervous because of my sensitive skin, but this brown sugar exfoliator combines natural ingredients like sweet almond oil that are nourishing and gentler than other formulas. I typically use it on my body before I shave or before I apply self-tanner. It's comforting knowing that whenever I run out I can get it in just a couple of days. —Jacqueline Saguin A convenient Bluetooth charging port for your car Amazon Bluetooth FM Transmitter (small)My car is from 2005, long before Bluetooth connectivity in cars were standard. This little transmitter instantly brought my car up to present-day standards, letting me stream music and directions from my phone via an open radio channel. It plugs into the cigarette lighter and even has two USB ports so my husband and I can both charge our phones on long rides. It cost less than $15 and gifting this device will make your driving experience infinitely more enjoyable. —Lauren Savoie  A plastic bath drain cover Amazon Bottomless Bath Overflow Drain Cover (small)Ok, I know everyone and their mother raves about this gift, but it's the only thing allowing me to take baths in my current apartment. Our claw foot tub is from the early 20th century and if I don't cover the overflow drain, my bathtub only accommodates enough water to barely reach the top of my thighs before it starts draining — not a very pleasant or relaxing bath. This little plastic overflow drain cover lets me soak deeply and comfortably in my tub. —Lauren Savoie A cheesy powder that takes popcorn to the next level Sally Kaplan/Insider Cheddar Cheese Powder (small)I generally eat pretty healthy, but I think I'm in love with this tub of powdered cheese. It's so good on popcorn, in mac and cheese, and sprinkled on any other sort of cracker, chip, etc. It's a supremely cheesy and salty and delicious treat to gift! This is honestly one of the best Amazon purchases I've made in years. —Sally Kaplan A practical but chic wine holder Amazon Wine Rack (small)I wanted a non-bulky wine rack to sit on my kitchen counter, and I love the bright gold of this one. This honeycomb design holds seven bottles officially, but nine if you add two on top — and if you need more storage, you can buy two and stack them. —Rachael Schultz A set of hair clips Amazon Big Hair Claw Clips (small)I have really long hair and most clips can't hold it all back when I'm washing my face. These oversized clips are so great, I gifted the other three in this set to friends with crazy curly hair. All four of the matte colors are very lowkey and match everything. I've dropped mine at least two dozen times, and it has yet to break. —Rachael Schultz A challenging puzzle that doubles as vintage home decor Amazon Cats and Kittens 1,000 Piece Puzzle (small)I once gifted a Cavallini Papers & Co. puzzle to a puzzle lover, and they thought it was the perfect blend of challenging and aesthetically pleasing. They hung it up afterward, adding a sense of accomplishment as well as a nice vintage touch to their space. The company has even more fun designs like house plants and national parks map. —Jacqueline Saguin  A ring light that pulls out all the stops Jacqueline Saguin/Insider 10-inch LED Ring Light (small)I took a cue from our Insider Reviews team by gifting myself its pick for the best budget ring light. It has made my job on the style and beauty reviews team much easier, drastically cutting down on my photo-taking time. When I test makeup and clothing, I can set this up anywhere and adjust it to the angle I need in order to do my products justice. I love changing between its three different light settings: white, warm yellow, and warm white, to find the perfect glow. —Jacqueline Saguin An out-of-this-world moon lamp Jacqueline Saguin/Insider Saturn Lamp (small)Earning the title of Insider Reviews' best planet moon lamp, this light offers 16 soothing hues that illuminate a Saturn shape. I love its unique look and the subtle glow it gives while I watch movies at nighttime. This gift offers four color modes, including flash, strobe, fade, and smooth. The latter is my favorite as it softly transitions through all the colors. —Jacqueline Saguin A decorative antique tray that shows off and stores your beauty products Amazon Product CardThis tray is an aesthetically pleasing stage that doubles as decor and a proud home for my cosmetics. I use it in my bathroom, storing the skincare products and perfume I reach for every day. I've seen people using it on TikTok as a jewelry vanity to display their favorite pieces. —Jacqueline Saguin Spiral hair ties that won't break Kitsch Spiral Hair Ties (small)After using elastic hair ties for so long, I got tired of pulling out my hair, getting headaches, and snapping scrunchies. I had seen spiral hair ties before but assumed they wouldn't hold well. However, these ones from Kitsch really do the trick. They keep their shape, are comfortable, and avoid long-lasting ponytail bumps. I wear these with high ponytails, low ponytails, and even braids. —Katie Decker-Jacoby Espresso capsules that satisfy your coffee fix Amazon iperEspresso Capsule (Classico) (small)The majority of my Amazon order history is made up of these illy espresso capsules, and the orders have even been way more frequent since I started working from home. You'll need one of the illy pod machines to use them (I have the X7) but the investment is 110% worth it in my opinion.I can whip up an Italian espresso in under a minute, and it tastes so much better than the coffee from the Nespresso and Keurig machines I previously owned. Being able to buy the pods off of Amazon means my caffeine supply is always well-stocked, and if I ever do run out, I know I can get more in just two days max. —Ashley Phillips A hair mask that restores moisture to your scalp Amazon Premium Repair Hair Mask (small)I was looking for hair masks because my hair tends to get really dry in the wintertime. I bought this hair mask after doing some research on Asian hair products, and I'm so glad I did. My hair feels soft and moisturized after I use it, even if I just use it as a normal conditioner. It works even better as a leave-in deep conditioner, and I highly recommend gifting it to anyone who wants to add moisture to their hair. Bonus: It also smells amazing. —Allison Jiang An iPad case that is multi-functional Amazon Rebound Pencil Case (small)I needed a simple case for my new iPad Air 4 but was shocked by how much Apple charges for one of its cases. This option from ESR is a fraction of Apple's Smart Cover, and while it doesn't have as nice of a build quality as the Smart Cover, the ESR case is well-made nonetheless. It has a magnetic closure to wake the iPad's screen or put it to sleep, the cover folds into a stand, and there's a convenient slot for an Apple Pencil. My only complaint is that the case makes it hard to use the Touch ID sensor, but I'm quite satisfied given the price and overall usability. —Les Shu Fuzzy slippers to complete your work-from-home look Jacqueline Saguin/Insider Womens Fuzzy Slippers (small)I've been hearing about these Amazon slippers for months — from TikTok, Instagram, podcasts I listen to — so I had to give them a try. These slippers are comfy, just warm enough, and a perfect gift for working from home. The quality is also great for being under $20. An added bonus is that they come in almost any color you can imagine! —Victoria Gracie A knit beanie that's stylish and comfortable Amazon/Business Insider Acrylic Watch Hat (small)I've noticed Carhartt beanies have become increasingly popular and I finally jumped on the bandwagon. This beanie is cute, comfortable, and super warm. I got it in black so it would go with almost anything and I've been wearing it nonstop since I got it. —Victoria Gracie Ingredients for a favorite recipe Amazon Nature's Organic Freeze-Dried Strawberries (small)I buy a lot of recipe ingredients, spices, and hot sauces on Amazon that I'm less likely to find in stores near me, like these freeze-dried strawberries. They are the star ingredient in my Berry Crinkle Cookies recipe; I use one whole package per batch. — Ellen Hoffman  A liquid cleanser that works as a gentle hand soap for sensitive skin Amazon Liquid Cleanser (small)I bought this as an alternative to my household's Bath & Body Works hand soap stock. Its fragrance-free, sulfate-free, and dermatologist-tested formula pleases my sensitive skin. This straightforward cleanser gift never causes redness or irritation for frequent hand washers like me. I pour the liquid into a decorative holder so it matches my bathroom. — Jacqueline Saguin Makeup storage that fits a snug countertop Amazon Makeup and Jewelry Big Storage Case Display (small)I've always struggled with storing my makeup since I don't have a ton of space and I can never seem to find a way to keep it all organized. Most of my makeup fits nicely into these drawers and everything is now easy to find and organized. The drawers fit a ton, but aren't too large, making them the perfect gift to use on a bathroom countertop, dresser, or vanity. —Victoria Gracie Pimple patches that suck the gunk right out of your pores Left: Mighty Patch Original. Right: Invisible+ Mighty Patch. Mara Leighton/Insider Mighty Patch Original (36-count) (small, Preferred: Amazon)If you look at my Amazon history, these pimple patches are the only thing I consistently order. They're super effective at drawing out fluids from pimples and helping them deflate, and as small, virtually clear stickers, they're hardly noticeable by other people. Within a few hours, you can expect them to noticeably improve the look and swelling of your pimple — they're that reliable. — Connie Chen A natural clay mask that has a cult-following Jacqueline Saguin/Insider Indian Healing Clay Mask (small, Preferred: Amazon)This mask, as seen on Insider, transformed my skin and is probably my most recommended product to gift this season. The best part? It's $15! — Chelsey Hoffman A milk frother for homemade treats Amazon MilkPro Milk Frother (small)This gift is the BOMB. So easy to use and clean, and to spice up my weekend coffees/matcha drinks at home, allowing me to live my best bougie life. — Kirstie Jiongco A wash and stain bar that will keep your shirt collars looking nicer for longer Amazon Wash & Stain Bar (small)No $6 has had a more positive impact on my effort to preserve my clothing than the $6 I spent on this bar by The Laundress. I learned about this product from editor-in-chief Ellen Hoffman and I can honestly say it's the best thing I've done for my dress shirts. One bar has lasted me well over a year, and I just need to wet my shirt collar and rub the bar back and forth a few times before washing. It gets rid of all of the grime and oil from my collars. I was able to rehab shirts that were ready to go to charity or become rags. — Breton Fischetti A mini waffle-maker that gets the job done and takes up minimal countertop space Amazon Mini Waffle Maker (small)This teeny-tiny waffle maker is a small but mighty gift. For those rare instances when I'm craving a waffle or two, this very small appliance easily gets the job done and stays out of the way when it's stored. It's very easy to use and clean; just plug in and wait for the light, add your batter and close the iron. To clean, wait for the iron to cool down, then wipe with a damp cloth and you're done. — Melanie Winer  A pair of $15 earbuds that sound like they'd cost way more Amazon ErgoFit Earbuds (small)These Panasonic earbuds were easily the best $8.25 [price at the time] I ever spent on Amazon. The sound quality is fantastic and they're incredibly comfortable. I'm not someone who would ever spend hundreds of dollars on a pair of over-the-ear headphones, so these are exactly a budget-friendly gift. — Andrew Meola Hangers that actually keep your clothes hung up Jacqueline Saguin/Insider Velvet Non-Slip Clothes Hangers (30 Pack) (small)Clothes falling off hangers are a thing of the past once you gift these grippy velvet hangers to upgrade their closet. — Ellen Hoffman  A little 'Tub Shroom' that catches your hair before it clogs the drain Amazon Revolutionary Tub Drain Protector (small)Between her curly red hair and my long brown hair, my roommate and I shed a lot. Our tub doesn't have a drain catch and after a particularly effortful session with a plastic drain cleaner, I decided it was finally time to try this viral hair catcher out. This small silicone tool fits into most standard tub drains and collects all the hair before it washes down and clogs your drain. Take it out, remove the hair with a piece of toilet paper, and it's ready for the next shower."  — Connie Chen  Comfortable, public-friendly sweatpants Amazon Women's Drawstring Striped Joggers (small)As work from home continues, I've been looking for more sweatpants that I can comfortably work in that are also appropriate for walks and socially distant plans. These sweats are affordable to gift, have sustained washes and all-day wear, and the rainbow stripe down the side adds a bit of fun." — Emily Hein No-slip gel gripped socks Amazon Microfiber Liner Socks (small)These PEDS socks are the only ones I use, and I wear sneakers almost every day. The no-slip gel grips on the heel keep them from falling off and bunching up. — Sally Kaplan A hairbrush that won't break after a few months Wet Rubberized Wet Detangle Shower Brush (small)My thick hair has a long history of eating brushes, but the Wet Brush finally put a stop to that! It painlessly smooths out tangles and the bristles are tough enough that I only have to buy a new one every year or so. Before, my brushes only ever made it a few months. — Ashley Phillips An inexpensive, well-designed measuring cup Amazon Good Grips 3-Piece Angled Measuring Cup Set (small)OXO is my go-to kitchen brand for cheap, well-designed tools. This measuring cup set has an angled surface that allows you to see measurement markings from above as you're pouring, so you can better measure ingredients without bending or lifting the cup to eye level. I also highly recommend gifting OXO's silicone baking mat for creating a non-stick surface that makes for easier cleanups and this cookie scoop for scooping out balls of dough that are all the same size. — Ellen Hoffman  A slim wastebasket that fits almost anywhere, but also fits a lot of garbage Amazon Skinny Trash Can (small)Love this slim garbage can that fits into narrow spaces, but still holds a lot. — Navah Maynard Affordable jewelry that lets you save up for an investment piece Amazon Layered Choker Necklace (9-piece) (small)I love chokers and layering different necklaces together, but I have a short attention span when it comes to jewelry. I tend to lean more towards affordable jewelry that I can experiment with on different looks before committing to staple pieces that I know I'll wear forever. This choker set was a great addition to my summer looks, and now I have more of an idea of what I'm looking for when I eventually take the plunge on long-wear jewelry. — Emily Hein A PopSocket to make gripping a large iPhone less strenuous on your fingers Jacqueline Saguin/Insider PopGrip (small, Preferred: Amazon)When I got my iPhone X, I also picked up a PopSocket grip to make it easier to hold my phone without straining my fingers. I love it as a gift because it's practical, keeps one's phone secure, and lets me express my crazy cat lady side. — Malarie GokeyEditor's note: They come in a variety of colors and designs. A rapid egg cooking machine that's completely foolproof Amazon Rapid Egg Cooker (small, Preferred: Amazon)After I read Jen Gushue's review of this under-$20 rapid egg cooking gadget, I was fully influenced to buy it. It makes hard-boiled eggs in half the time of traditional methods with absolutely no guesswork, saving me a good chunk of time during the week and ensuring I actually eat breakfast on busy mornings. — Ellen Hoffman This handy water bottle that takes the guesswork out of hydration Amazon 32 oz Water Bottle with Time Marker (small)This water bottle comes with me everywhere I go. The secure lid ensures no spillage in my bag and the removable strap adds versatility in transportation. The printed tracking is the main selling point as a quick glance can let me know how I am doing with my daily water intake and if needed motivate me to ensure I am drinking at least 64oz of water per day. In a sense, this water bottle has gamified drinking water and that's fun for a gift! — Frank Massaro Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 11th, 2021

The Afghan military was made up of "ghost" soldiers who didn"t actually exist, and that"s why it collapsed so rapidly: ex-finance minister

The US government was warned for years about "ghost" soldiers in Afghanistan, or fake troops created by corrupt officials to draw a salary. An Afghan commando stands guard while an Afghan Air Force helicopter flies past during a combat training exercise at the Shorab Military Camp in Lashkar Gah in the Afghan province of Helmand on August 27, 2017. WAKIL KOHSAR/AFP via Getty Images Afghanistan's ex-finance minister blamed "ghost" soldiers for the US-backed government's collapse. "Ghost" soldiers were nonexistent troops or personnel manufactured by corrupt officials to pocket their salary. The Taliban easily took over major cities before marching into Kabul in August, often without much of a fight. Khalid Payenda, Afghanistan's former finance minister, told BBC News that most of the 300,000 Afghan troops didn't exist and were in fact "ghost" soldiers made up by corrupt officials who exploited the system for money."The way the accountability was done, you would ask the chief in that province how many people you have and based on that you could calculate salaries and ration expenses and they would always be inflated," Payenda told Ed Butler of the BBC's Business Daily.Payenda also said that when soldiers were killed or deserted their commanders would keep their bank cards and withdraw their salaries.There were also leaders of government-backed militias who were "double-dipping," Payenda said, or taking government wages while also accepting payments from the Taliban. Combined with the fact that actual troops were not getting paid on time, this contributed heavily to the rapid collapse of the Afghan government, he said."The whole feeling was, we cannot change this. This is how the parliament works, this is how the governors work. Everybody would say the stream is murky from the very top, meaning the very top is involved in this," Payenda said, though he added that he didn't believe former Afghan President Ashraf Ghani was "financially corrupt."The Taliban regained control of Afghanistan in August as the US finalized its withdrawal from the country. The militant Islamist group rapidly took over major cities - often without much of a fight. Instead of battling for territory, the Taliban often made deals with local leaders A month before the Taliban takeover, President Joe Biden had touted the size and capabilities of the Afghan military, which the US government spent $83 billion training and equipping. Biden in a July 8 press conference said the Afghan military was as "well-equipped as any army in the world." During the same press conference, Biden said, "The likelihood there's going to be the Taliban overrunning everything and owning the whole country is highly unlikely."When the Taliban marched into Kabul, the Biden administration was forced to acknowledge that it was caught by surprise by the blistering pace at which the militants seized territory. "It is certainly the case that the speed with which cities fell was much greater than anyone anticipated," national security advisor Jake Sullivan said in mid-August. Biden placed much of the blame on the Afghan military, though he'd expressed "trust" in it just weeks before. The Afghan military was plagued by corruption and discipline issues for years, and the US government was warned about the problem. Payenda is hardly the first official from Afghanistan or the US to express concerns about "ghost" soldiers. "When we say we have 100 soldiers on the battlefield, in reality it is just 30 or 40. And this creates the potential for huge catastrophes when the enemy attacks," Afghan lawmaker Ghulam Hussain Nasiri told the Associated Press in 2016. "It is an indication of massive corruption - the reason Afghanistan is one of the most corrupt nations in the world." Another Afghan official said that "no one knows the exact numbers of the Afghan National Defense Forces.""Everyone knows that we are facing this fight alongside 'ghost' soldiers, and that's the reason we don't have enough men," Afghan soldier Mohammad Islam said to the Associated Press at the time. "The Taliban know it, too. When they attack us, and we're unable to protect ourselves, the big men then ask why.""Neither the US nor its Afghan allies truly know how many Afghan soldiers and police are available for duty, or, by extension, the true nature of their operational capabilities," John Sopko, the special inspector general for Afghanistan reconstruction (SIGAR), said to Congress in 2016. The year prior, SIGAR warned that over $300 million per year was being doled out to nonexistent forces. SIGAR repeatedly pointed to the problems surrounding "ghost" soldiers over the years.The US made an effort to scrub "ghost" soldiers from its payroll, but issues with the Afghan military persisted. In its annual threat assessment released in April, the US intelligence community warned that the Taliban "is likely to make gains on the battlefield, and the Afghan Government will struggle to hold the Taliban at bay if the coalition withdraws support."The Biden administration has faced bipartisan criticism over its handling of the Afghanistan withdrawal.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 10th, 2021

Check out 25 pitch decks that fintechs looking to disrupt trading, banking, and lending used to raise millions

Looking for examples of real fintech pitch decks? Check out pitch decks that Qolo, Lance, and other startups used to raise money from VCs. Check out these pitch decks for examples of fintech founders sold their vision. Yulia Reznikov/Getty Images Insider has been tracking the next wave of hot new startups that are blending finance and tech. Check out these pitch decks to see how fintech founders sold their vision. See more stories on Insider's business page. Fintech VC funding hit a fresh quarterly record of $22.8 billion in the first three months of 2021, according to CB Insights data. While mega-rounds helped propel overall funding, new cash was spread across 614 deals. Insider has been tracking the next wave of hot new startups that are blending finance and tech. Check out these pitch decks to see how fintech founders are selling their vision and nabbing big bucks in the process. You'll see new financial tech geared at freelancers, fresh twists on digital banking, and innovation aimed at streamlining customer onboarding. Real-estate management made easy Agora founders Noam Kahan, CTO, Bar Mor, CEO, and Lior Dolinski, CPO. Agora For alternative asset managers of any type, the operations underpinning sales and investor communications are a crucial but often overlooked part of the business. Fund managers love to make bets on markets, not coordinate hundreds of wire transfers to clients each quarter or organize customer-relationship-management databases.Within the $10.6 trillion global market for professionally managed real-estate investing, that's where Tel Aviv and New York-based startup Agora hopes to make its mark.Founded in 2019, Agora offers a set of back-office, investor relations, and sales software tools that real-estate investment managers can plug into their workflows. On Wednesday, Agora announced a $9 million seed round, led by Israel-based venture firm Aleph, with participation from River Park Ventures and Maccabee Ventures. The funding comes on the heels of an October 2020 pre-seed fund raise worth $890,000, in which Maccabee also participated.Here's the 15-slide pitch deck that Agora, a startup helping real-estate investors manage communications and sales with their clients, used to raise a $9 million seed roundCheckout made easy Bolt's Ryan Breslow. Ryan Breslow Amazon has long dominated e-commerce with its one-click checkout flows, offering easier ways for consumers to shop online than its small-business competitors.Bolt gives small merchants tools to offer the same easy checkouts so they can compete with the likes of Amazon.The startup raised its $393 million Series D to continue adding its one-click checkout feature to merchants' own websites in October.Bolt markets to merchants themselves. But a big part of Bolt's pitch is its growing network of consumers - currently over 5.6 million - that use its features across multiple Bolt merchant customers. Roughly 5% of Bolt's transactions were network-driven in May, meaning users that signed up for a Bolt account on another retailer's website used it elsewhere. The network effects were even more pronounced in verticals like furniture, where 49% of transactions were driven by the Bolt network."The network effect is now unleashed with Bolt in full fury, and that triggered the raise," Bolt's founder and CEO Ryan Breslow told Insider.Here's the 12-page deck that one-click checkout Bolt used to outline its network of 5.6 million consumers and raise its Series DHelping small banks lend CollateralEdge's Joel Radtke, cofounder, COO, and president, and Joe Beard, cofounder and CEO. CollateralEdge For large corporations with a track record of tapping the credit markets, taking out debt is a well-structured and clear process handled by the nation's biggest investment banks and teams of accountants. But smaller, middle-market companies - typically those with annual revenues ranging up to $1 billion - are typically served by regional and community banks that don't always have the capacity to adequately measure the risk of loans or price them competitively. Per the National Center for the Middle Market, 200,000 companies fall into this range, accounting for roughly 33% of US private sector GDP and employment.Dallas-based fintech CollateralEdge works with these banks - typically those with between $1 billion and $50 billion in assets - to help analyze and price slices of commercial and industrial loans that previously might have gone unserved by smaller lenders.On October 20th, CollateralEdge announced a $3.5 million seed round led by Dallas venture fund Perot Jain with participation from Kneeland Youngblood (a founder of the healthcare-focused private-equity firm Pharos Capital) and other individual investors.Here's the 10-page deck CollateralEdge, a fintech streamlining how small banks lend to businesses, used to raise a $3.5 million seed round Quantum computing made easy QC Ware CEO Matt Johnson. QC Ware Even though banks and hedge funds are still several years out from adding quantum computing to their tech arsenals, that hasn't stopped Wall Street giants from investing time and money into the emerging technology class. And momentum for QC Ware, a startup looking to cut the time and resources it takes to use quantum computing, is accelerating. The fintech secured a $25 million Series B on September 29 co-led by Koch Disruptive Technologies and Covestro with participation from D.E. Shaw, Citi, and Samsung Ventures.QC Ware, founded in 2014, builds quantum algorithms for the likes of Goldman Sachs (which led the fintech's Series A), Airbus, and BMW Group. The algorithms, which are effectively code bases that include quantum processing elements, can run on any of the four main public-cloud providers.Quantum computing allows companies to do complex calculations faster than traditional computers by using a form of physics that runs on quantum bits as opposed to the traditional 1s and 0s that computers use. This is especially helpful in banking for risk analytics or algorithmic trading, where executing calculations milliseconds faster than the competition can give firms a leg up. Here's the 20-page deck QC Ware, a fintech making quantum computing more accessible, used to raised its $25 million Series BSimplifying quant models Kirat Singh and Mark Higgins, Beacon's cofounders. Beacon A fintech that helps financial institutions use quantitative models to streamline their businesses and improve risk management is catching the attention, and capital, of some of the country's biggest investment managers.Beacon Platform, founded in 2014, is a fintech that builds applications and tools to help banks, asset managers, and trading firms quickly integrate quantitative models that can help with analyzing risk, ensuring compliance, and improving operational efficiency. The company raised its Series C on Wednesday, scoring a $56 million investment led by Warburg Pincus with support from Blackstone Innovations Investments, PIMCO, and Global Atlantic. Blackstone, PIMCO, and Global Atlantic are also users of Beacon's tech, as are the Commonwealth Bank of Australia and Shell New Energies, a division of Royal Dutch Shell, among others.The fintech provides a shortcut for firms looking to use quantitative modelling and data science across various aspects of their businesses, a process that can often take considerable resources if done solo.Here's the 20-page pitch deck Beacon, a fintech helping Wall Street better analyze risk and data, used to raise $56 million from Warburg Pincus, Blackstone, and PIMCOInvoice financing for SMBs Stacey Abrams and Lara Hodgson, Now cofounders. Now About a decade ago, politician Stacey Abrams and entrepreneur Lara Hodgson were forced to fold their startup because of a kink in the supply chain - but not in the traditional sense.Nourish, which made spill-proof bottled water for children, had grown quickly from selling to small retailers to national ones. And while that may sound like a feather in the small business' cap, there was a hang-up."It was taking longer and longer to get paid, and as you can imagine, you deliver the product and then you wait and you wait, but meanwhile you have to pay your employees and you have to pay your vendors," Hodgson told Insider. "Waiting to get paid was constraining our ability to grow."While it's not unusual for small businesses to grapple with working capital issues, the dust was still settling from the Great Recession. Abrams and Hodgson couldn't secure a line of credit or use financing tools like factoring to solve their problem. The two entrepreneurs were forced to close Nourish in 2012, but along the way they recognized a disconnect in the system. "Why are we the ones borrowing money, when in fact we're the lender here because every time you send an invoice to a customer, you've essentially extended a free loan to that customer by letting them pay later," Hodgson said. "And the only reason why we were going to need to possibly borrow money was because we had just given ours away for free to Whole Foods," she added.Check out the 7-page deck that Now, Stacey Abrams' fintech that wants to help small businesses 'grow fearlessly', used to raise $29 millionInsurance goes digital Jamie Hale, CEO and cofounder of Ladder. Ladder Fintechs looking to transform how insurance policies are underwritten, issued, and experienced by customers have grown as new technology driven by digital trends and artificial intelligence shape the market. And while verticals like auto, homeowner's, and renter's insurance have seen their fair share of innovation from forward-thinking fintechs, one company has taken on the massive life-insurance market. Founded in 2017, Ladder uses a tech-driven approach to offer life insurance with a digital, end-to-end service that it says is more flexible, faster, and cost-effective than incumbent players.Life, annuity, and accident and health insurance within the US comprise a big chunk of the broader market. In 2020, premiums written on those policies totaled some $767 billion, compared to $144 billion for auto policies and $97 billion for homeowner's insurance.Here's the 12-page deck that Ladder, a startup disrupting the 'crown jewel' of the insurance market, used to nab $100 millionEmbedded payments for SMBs The Highnote team. Highnote Branded cards have long been a way for merchants with the appropriate bank relationships to create additional revenue and build customer loyalty. The rise of embedded payments, or the ability to shop and pay in a seamless experience within a single app, has broadened the number of companies looking to launch branded cards.Highnote is a startup that helps small to mid-sized merchants roll out their own debit and pre-paid digital cards. The fintech emerged from stealth on Tuesday to announce it raised $54 million in seed and Series A funding.Here's the 12-page deck Highnote, a startup helping SMBs embed payments, used to raise $54 million in seed and Series A fundingAn alternative auto lender Daniel Chu, CEO and founder of Tricolor. Tricolor An alternative auto lender that caters to thin- and no-credit Hispanic borrowers is planning a national expansion after scoring a $90 million investment from BlackRock-managed funds. Tricolor is a Dallas-based auto lender that is a community development financial institution. It uses a proprietary artificial-intelligence engine that decisions each customer based on more than 100 data points, such as proof of income. Half of Tricolor's customers have a FICO score, and less than 12% have scores above 650, yet the average customer has lived in the US for 15 years, according to the deck.A 2017 survey by the Federal Deposit Insurance Corporation found 31.5% of Hispanic households had no mainstream credit compared to 14.4% of white households. "For decades, the deck has been stacked against low income or credit invisible Hispanics in the United States when it comes to the purchase and financing of a used vehicle," Daniel Chu, founder and CEO of Tricolor, said in a statement announcing the raise.An auto lender that caters to underbanked Hispanics used this 25-page deck to raise $90 million from BlackRock investorsA new way to access credit The TomoCredit team. TomoCredit Kristy Kim knows first-hand the challenge of obtaining credit in the US without an established credit history. Kim, who came to the US from South Korea, couldn't initially get access to credit despite having a job in investment banking after graduating college. "I was in my early twenties, I had a good income, my job was in investment banking but I could not get approved for anything," Kim told Insider. "Many young professionals like me, we deserve an opportunity to be considered but just because we didn't have a Fico, we weren't given a chance to even apply," she added.Kim started TomoCredit in 2018 to help others like herself gain access to consumer credit. TomoCredit spent three years building an internal algorithm to underwrite customers based on cash flow, rather than a credit score.TomoCredit, a fintech that lends to thin- and no-credit borrowers, used this 17-page pitch deck to raise its $10 million Series AAn IRA for alternatives Henry Yoshida is the co-founder and CEO of retirement fintech startup Rocket Dollar. Rocket Dollar Fintech startup Rocket Dollar, which helps users invest their individual retirement account (IRA) dollars into alternative assets, just raised $8 million for its Series A round, the company announced on Thursday.Park West Asset Management led the round, with participation from investors including Hyphen Capital, which focuses on backing Asian American entrepreneurs, and crypto exchange Kraken's venture arm. Co-founded in 2018 by CEO Henry Yoshida, CTO Rick Dude, and VP of marketing Thomas Young, Rocket Dollar now has over $350 million in assets under management on its platform. Yoshida sold his first startup, a roboadvisor called Honest Dollar, to Goldman Sachs' investment management division for an estimated $20 million.Yoshida told Insider that while ultra-high net worth investors have been investing self-directed retirement account dollars into alternative assets like real estate, private equity, and cryptocurrency, average investors have not historically been able to access the same opportunities to invest IRA dollars in alternative assets through traditional platforms.Here's the 34-page pitch deck a fintech that helps users invest their retirement savings in crypto and real estate assets used to nab $8 millionConnecting startups and investors Hum Capital cofounder and CEO Blair Silverberg. Hum Capital Blair Silverberg is no stranger to fundraising.For six years, Silverberg was a venture capitalist at Draper Fisher Jurvetson and Private Credit Investments making bets on startups."I was meeting with thousands of founders in person each year, watching them one at a time go through this friction where they're meeting a ton of investors, and the investors are all asking the same questions," Silverberg told Insider. He switched gears about three years ago, moving to the opposite side of the metaphorical table, to start Hum Capital, which uses artificial intelligence to match investors with startups looking to fundraise.On August 31, the New York-based fintech announced its $9 million Series A. The round was led by Future Ventures with participation from Webb Investment Network, Wavemaker Partners, and Partech. This 11-page pitch deck helped Hum Capital, a fintech using AI to match investors with startups, raise a $9 million Series A.Payments infrastructure for fintechs Qolo CEO and co-founder Patricia Montesi. Qolo Three years ago, Patricia Montesi realized there was a disconnect in the payments world. "A lot of new economy companies or fintech companies were looking to mesh up a lot of payment modalities that they weren't able to," Montesi, CEO and co-founder of Qolo, told Insider.Integrating various payment capabilities often meant tapping several different providers that had specializations in one product or service, she added, like debit card issuance or cross-border payments. "The way people were getting around that was that they were creating this spider web of fintech," she said, adding that "at the end of it all, they had this mess of suppliers and integrations and bank accounts."The 20-year payments veteran rounded up a group of three other co-founders - who together had more than a century of combined industry experience - to start Qolo, a business-to-business fintech that sought out to bundle back-end payment rails for other fintechs.Here's the 11-slide pitch deck a startup that provides payments infrastructure for other fintechs used to raise a $15 million Series ASoftware for managing freelancers Worksome cofounder and CEO Morten Petersen. Worksome The way people work has fundamentally changed over the past year, with more flexibility and many workers opting to freelance to maintain their work-from-home lifestyles.But managing a freelance or contractor workforce is often an administrative headache for employers. Worksome is a startup looking to eliminate all the extra work required for employers to adapt to more flexible working norms.Worksome started as a freelancer marketplace automating the process of matching qualified workers with the right jobs. But the team ultimately pivoted to a full suite of workforce management software, automating administrative burdens required to hire, pay, and account for contract workers.In May, Worksome closed a $13 million Series A backed by European angel investor Tommy Ahlers and Danish firm Lind & Risør.Here's the 21-slide pitch deck used by a startup that helps firms like Carlsberg and Deloitte manage freelancersPersonal finance is only a text away Yinon Ravid, the chief executive and cofounder of Albert. Albert The COVID-19 pandemic has underscored the growing preference of mobile banking as customers get comfortable managing their finances online.The financial app Albert has seen a similar jump in activity. Currently counting more than six million members, deposits in Albert's savings offering doubled from the start of the pandemic in March 2020 to May of this year, from $350 million to $700 million, according to new numbers released by the company. Founded in 2015, Albert offers automated budgeting and savings tools alongside guided investment portfolios. It's looked to differentiate itself through personalized features, like the ability for customers to text human financial experts.Budgeting and saving features are free on Albert. But for more tailored financial advice, customers pay a subscription fee that's a pay-what-you-can model, between $4 and $14 a month. And Albert's now banking on a new tool to bring together its investing, savings, and budgeting tools.Fintech Albert used this 10-page pitch deck to raise a $100 million Series C from General Atlantic and CapitalGRethinking debt collection Jason Saltzman, founder and CEO of Relief Relief For lenders, debt collection is largely automated. But for people who owe money on their credit cards, it can be a confusing and stressful process. Relief is looking to change that. Its app automates the credit-card debt collection process for users, negotiating with lenders and collectors to settle outstanding balances on their behalf. The fintech just launched and closed a $2 million seed round led by Collaborative Ventures. Relief's fundraising experience was a bit different to most. Its pitch deck, which it shared with one investor via Google Slides, went viral. It set out to raise a $1 million seed round, but ended up doubling that and giving some investors money back to make room for others.Check out a 15-page pitch deck that went viral and helped a credit-card debt collection startup land a $2 million seed roundBlockchain for private-markets investing Carlos Domingo is cofounder and CEO of Securitize. Securitize Securitize, founded in 2017 by the tech industry veterans Carlos Domingo and Jamie Finn, is bringing blockchain technology to private-markets investing. The company raised $48 million in Series B funding on June 21 from investors including Morgan Stanley and Blockchain Capital.Securitize helps companies crowdfund capital from individual and institutional investors by issuing their shares in the form of blockchain tokens that allow for more efficient settlement, record keeping, and compliance processes. Morgan Stanley's Tactical Value fund, which invests in private companies, made its first blockchain-technology investment when it coled the Series B, Securitize CEO Carlos Domingo told Insider.Here's the 11-page pitch deck a blockchain startup looking to revolutionize private-markets investing used to nab $48 million from investors like Morgan StanleyE-commerce focused business banking Michael Rangel, cofounder and CEO, and Tyler McIntyre, cofounder and CTO of Novo. Kristelle Boulos Photography Business banking is a hot market in fintech. And it seems investors can't get enough.Novo, the digital banking fintech aimed at small e-commerce businesses, raised a $40.7 million Series A led by Valar Ventures in June. Since its launch in 2018, Novo has signed up 100,000 small businesses. Beyond bank accounts, it offers expense management, a corporate card, and integrates with e-commerce infrastructure players like Shopify, Stripe, and Wise.Founded in 2018, Novo was based in New York City, but has since moved its headquarters to Miami. Here's the 12-page pitch deck e-commerce banking startup Novo used to raise its $40 million Series ABlockchain-based credit score tech John Sun, Anna Fridman, and Adam Jiwan are the cofounders of fintech startup Spring Labs. Spring Labs A blockchain-based fintech startup that is aiming to disrupt the traditional model of evaluating peoples' creditworthiness recently raised $30 million in a Series B funding led by credit reporting giant TransUnion.Four-year-old Spring Labs aims to create a private, secure data-sharing model to help credit agencies better predict the creditworthiness of people who are not in the traditional credit bureau system. The founding team of three fintech veterans met as early employees of lending startup Avant.Existing investors GreatPoint Ventures and August Capital also joined in on the most recent round. So far Spring Labs has raised $53 million from institutional rounds.TransUnion, a publicly-traded company with a $20 billion-plus market cap, is one of the three largest consumer credit agencies in the US. After 18 months of dialogue and six months of due diligence, TransAmerica and Spring Labs inked a deal, Spring Labs CEO and cofounder Adam Jiwan told Insider.Here's the 10-page pitch deck blockchain-based fintech Spring Labs used to snag $30 million from investors including credit reporting giant TransUnionDigital banking for freelancers JGalione/Getty Images Lance is a new digital bank hoping to simplify the life of those workers by offering what it calls an "active" approach to business banking. "We found that every time we sat down with the existing tools and resources of our accountants and QuickBooks and spreadsheets, we just ended up getting tangled up in the whole experience of it," Lance cofounder and CEO Oona Rokyta told Insider. Lance offers subaccounts for personal salaries, withholdings, and savings to which freelancers can automatically allocate funds according to custom preset levels. It also offers an expense balance that's connected to automated tax withholdings.In May, Lance announced the closing of a $2.8 million seed round that saw participation from Barclays, BDMI, Great Oaks Capital, Imagination Capital, Techstars, DFJ Frontier, and others.Here's the 21-page pitch deck Lance, a digital bank for freelancers, used to raise a $2.8 million seed round from investors including BarclaysDigital tools for independent financial advisors Jason Wenk, founder and CEO of Altruist Altruist Jason Wenk started his career at Morgan Stanley in investment research over 20 years ago. Now, he's running a company that is hoping to broaden access to financial advice for less-wealthy individuals. The startup raised $50 million in Series B funding led by Insight Partners with participation from investors Vanguard and Venrock. The round brings the Los Angeles-based startup's total funding to just under $67 million.Founded in 2018, Altruist is a digital brokerage built for independent financial advisors, intended to be an "all-in-one" platform that unites custodial functions, portfolio accounting, and a client-facing portal. It allows advisors to open accounts, invest, build models, report, trade (including fractional shares), and bill clients through an interface that can advisors time by eliminating mundane operational tasks.Altruist aims to make personalized financial advice less expensive, more efficient, and more inclusive through the platform, which is designed for registered investment advisors (RIAs), a growing segment of the wealth management industry. Here's the pitch deck for Altruist, a wealth tech challenging custodians Fidelity and Charles Schwab, that raised $50 million from Vanguard and InsightPayments and operations support HoneyBook cofounders Dror Shimoni, Oz Alon, and Naama Alon. HoneyBook While countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.Half of the US population may be freelance by 2027, according to a study commissioned by remote-work hiring platform Upwork. HoneyBook, a fintech startup that provides payment and operations support for freelancers, in May raised $155 million in funding and achieved unicorn status with its $1 billion-plus valuation.Durable Capital Partners led the Series D funding with other new investors including renowned hedge fund Tiger Global, Battery Ventures, Zeev Ventures, and 01 Advisors. Citi Ventures, Citigroup's startup investment arm that also backs fintech robo-advisor Betterment, participated as an existing investor in the round alongside Norwest Venture partners. The latest round brings the company's fundraising total to $227 million to date.Here's the 21-page pitch deck a Citi-backed fintech for freelancers used to raise $155 million from investors like hedge fund Tiger GlobalFraud prevention for lenders and insurers Fiordaliso/Getty Images Onboarding new customers with ease is key for any financial institution or retailer. The more friction you add, the more likely consumers are to abandon the entire process.But preventing fraud is also a priority, and that's where Neuro-ID comes in. The startup analyzes what it calls "digital body language," or, the way users scroll, type, and tap. Using that data, Neuro-ID can identify fraudulent users before they create an account. It's built for banks, lenders, insurers, and e-commerce players."The train has left the station for digital transformation, but there's a massive opportunity to try to replicate all those communications that we used to have when we did business in-person, all those tells that we would get verbally and non-verbally on whether or not someone was trustworthy," Neuro-ID CEO Jack Alton told Insider.Founded in 2014, the startup's pitch is twofold: Neuro-ID can save companies money by identifying fraud early, and help increase user conversion by making the onboarding process more seamless. In December Neuro-ID closed a $7 million Series A, co-led by Fin VC and TTV Capital, with participation from Canapi Ventures. With 30 employees, Neuro-ID is using the fresh funding to grow its team and create additional tools to be more self-serving for customers.Here's the 11-slide pitch deck a startup that analyzes consumers' digital behavior to fight fraud used to raise a $7 million Series AAI-powered tools to spot phony online reviews Saoud Khalifah, founder and CEO of Fakespot. Fakespot Marketplaces like Amazon and eBay host millions of third-party sellers, and their algorithms will often boost items in search based on consumer sentiment, which is largely based on reviews. But many third-party sellers use fake reviews often bought from click farms to boost their items, some of which are counterfeit or misrepresented to consumers.That's where Fakespot comes in. With its Chrome extension, it warns users of sellers using potentially fake reviews to boost sales and can identify fraudulent sellers. Fakespot is currently compatible with Amazon, BestBuy, eBay, Sephora, Steam, and Walmart."There are promotional reviews written by humans and bot-generated reviews written by robots or review farms," Fakespot founder and CEO Saoud Khalifah told Insider. "Our AI system has been built to detect both categories with very high accuracy."Fakespot's AI learns via reviews data available on marketplace websites, and uses natural-language processing to identify if reviews are genuine. Fakespot also looks at things like whether the number of positive reviews are plausible given how long a seller has been active.Fakespot, a startup that helps shoppers detect robot-generated reviews and phony sellers on Amazon and Shopify, used this pitch deck to nab a $4 million Series ANew twists on digital banking Zach Bruhnke, cofounder and CEO of HMBradley HMBradley Consumers are getting used to the idea of branch-less banking, a trend that startup digital-only banks like Chime, N26, and Varo have benefited from. The majority of these fintechs target those who are underbanked, and rely on usage of their debit cards to make money off interchange. But fellow startup HMBradley has a different business model. "Our thesis going in was that we don't swipe our debit cards all that often, and we don't think the customer base that we're focusing on does either," Zach Bruhnke, cofounder and CEO of HMBradley, told Insider. "A lot of our customer base uses credit cards on a daily basis."Instead, the startup is aiming to build clientele with stable deposits. As a result, the bank is offering interest-rate tiers depending on how much a customer saves of their direct deposit.Notably, the rate tiers are dependent on the percentage of savings, not the net amount. "We'll pay you more when you save more of what comes in," Bruhnke said. "We didn't want to segment customers by how much money they had. So it was always going to be about a percentage of income. That was really important to us."Check out the 14-page pitch deck fintech HMBradley, a neobank offering interest rates as high as 3%, used to raise an $18.25 million Series ARead the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 3rd, 2021

A CryptoPunk NFT worth nearly $1 million was sold at 95% below its market value in what may have been a mistaken listing

CryptoPunk 7557 was sold for 4.444 ether, or about $19,366. But the NFT's listing history reveals it has sold at much higher prices in the past. CryptoPunk #7523 during an auction at Sotheby's in New York City, June 4. REUTERS/Shannon Stapleton A CryptoPunk NFT worth nearly $1 million was sold at 95% below its market value. CryptoPunk 7557 was sold for 4.444 ether, around $19,366 early Monday, data from Etherscan show. But the listing history reveals it has been sold at much higher prices in the past. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A CryptoPunk non-fungible token worth nearly $1 million was sold Monday at 95% below its market value in what may have been a mistaken listing.The purchase price for CryptoPunk 7557, a female punk with a tiara, came in at 4.444 ether, which was worth around $19,366 at the time, data from Etherscan show. The Block was first to report the news.But the listing history reveals it has been sold at higher prices. It was last bought in July for 59.99 ether, or $135,213. And in September, the previous owner put it up for sale for 8,888 ether, or $31 million.And similar NFTs suggest a market value around $1 million. Currently, the lowest asking price for a punk with a tiara is 350 ether, or about $1.5 million, while the most recent purchase of a tiara punk went for 196.69 ether, about $843,000.Monday's transaction may have been a victim of a mistaken period or comma. Instead of 4.444, perhaps it should have been 44.44 ether, 444.4 ether, or 4,444 ether - all of which would have been substantially more expensive.In total, there are 10,000 24 x 24-pixel CryptoPunks with no two that are exactly alike. Other characters in the collection are composed of nine aliens, 24 apes, 88 zombies, and 6,039 males.Most recently, a CryptoPunks NFT sold for $532 million in October only for crypto enthusiasts to discover that the transaction was inflated by the owner by buying and selling it himself for higher prices, according to Larva LabStill, CryptoPunks have commanded eye-watering prices. In June, one alien punk fetched $11.8 million, setting a new world auction record for a single CryptoPunk, luxury auction house Sotheby's said.In August, global payments giant Visa bought a CryptoPunk for $150,000 triggering another massive wave of purchases with 90 of them changing hands in the space of a single hour.NFTs have soared in popularity this year. The tokens are digital representations of artwork, sports cards, or other collectibles tied to a blockchain, typically on ethereum. Each NFT has a signature that can be verified in the public ledger and cannot be duplicated nor edited.When people buy NFTs, they gain the rights to the unique token on the blockchain, not the artworks themselves. But the fact that the information on a blockchain is next to impossible to alter makes NFTs appealing, especially to artists.Read the original article on Business Insider.....»»

Category: worldSource: nytNov 2nd, 2021

Check out 24 pitch decks that fintechs looking to disrupt trading, banking, and lending used to raise millions

Looking for examples of real fintech pitch decks? Check out pitch decks that Qolo, Lance, and other startups used to raise money from VCs. Check out these pitch decks for examples of fintech founders sold their vision. Yulia Reznikov/Getty Images Insider has been tracking the next wave of hot new startups that are blending finance and tech. Check out these pitch decks to see how fintech founders sold their vision. See more stories on Insider's business page. Fintech VC funding hit a fresh quarterly record of $22.8 billion in the first three months of 2021, according to CB Insights data. While mega-rounds helped propel overall funding, new cash was spread across 614 deals. Insider has been tracking the next wave of hot new startups that are blending finance and tech. Check out these pitch decks to see how fintech founders are selling their vision and nabbing big bucks in the process. You'll see new financial tech geared at freelancers, fresh twists on digital banking, and innovation aimed at streamlining customer onboarding. Checkout made easy Bolt's Ryan Breslow. Ryan Breslow Amazon has long dominated e-commerce with its one-click checkout flows, offering easier ways for consumers to shop online than its small-business competitors.Bolt gives small merchants tools to offer the same easy checkouts so they can compete with the likes of Amazon.The startup raised its $393 million Series D to continue adding its one-click checkout feature to merchants' own websites in October.Bolt markets to merchants themselves. But a big part of Bolt's pitch is its growing network of consumers - currently over 5.6 million - that use its features across multiple Bolt merchant customers. Roughly 5% of Bolt's transactions were network-driven in May, meaning users that signed up for a Bolt account on another retailer's website used it elsewhere. The network effects were even more pronounced in verticals like furniture, where 49% of transactions were driven by the Bolt network."The network effect is now unleashed with Bolt in full fury, and that triggered the raise," Bolt's founder and CEO Ryan Breslow told Insider.Here's the 12-page deck that one-click checkout Bolt used to outline its network of 5.6 million consumers and raise its Series DHelping small banks lend CollateralEdge's Joel Radtke, cofounder, COO, and president, and Joe Beard, cofounder and CEO. CollateralEdge For large corporations with a track record of tapping the credit markets, taking out debt is a well-structured and clear process handled by the nation's biggest investment banks and teams of accountants. But smaller, middle-market companies - typically those with annual revenues ranging up to $1 billion - are typically served by regional and community banks that don't always have the capacity to adequately measure the risk of loans or price them competitively. Per the National Center for the Middle Market, 200,000 companies fall into this range, accounting for roughly 33% of US private sector GDP and employment.Dallas-based fintech CollateralEdge works with these banks - typically those with between $1 billion and $50 billion in assets - to help analyze and price slices of commercial and industrial loans that previously might have gone unserved by smaller lenders.On October 20th, CollateralEdge announced a $3.5 million seed round led by Dallas venture fund Perot Jain with participation from Kneeland Youngblood (a founder of the healthcare-focused private-equity firm Pharos Capital) and other individual investors.Here's the 10-page deck CollateralEdge, a fintech streamlining how small banks lend to businesses, used to raise a $3.5 million seed round Quantum computing made easy QC Ware CEO Matt Johnson. QC Ware Even though banks and hedge funds are still several years out from adding quantum computing to their tech arsenals, that hasn't stopped Wall Street giants from investing time and money into the emerging technology class. And momentum for QC Ware, a startup looking to cut the time and resources it takes to use quantum computing, is accelerating. The fintech secured a $25 million Series B on September 29 co-led by Koch Disruptive Technologies and Covestro with participation from D.E. Shaw, Citi, and Samsung Ventures.QC Ware, founded in 2014, builds quantum algorithms for the likes of Goldman Sachs (which led the fintech's Series A), Airbus, and BMW Group. The algorithms, which are effectively code bases that include quantum processing elements, can run on any of the four main public-cloud providers.Quantum computing allows companies to do complex calculations faster than traditional computers by using a form of physics that runs on quantum bits as opposed to the traditional 1s and 0s that computers use. This is especially helpful in banking for risk analytics or algorithmic trading, where executing calculations milliseconds faster than the competition can give firms a leg up. Here's the 20-page deck QC Ware, a fintech making quantum computing more accessible, used to raised its $25 million Series BSimplifying quant models Kirat Singh and Mark Higgins, Beacon's cofounders. Beacon A fintech that helps financial institutions use quantitative models to streamline their businesses and improve risk management is catching the attention, and capital, of some of the country's biggest investment managers.Beacon Platform, founded in 2014, is a fintech that builds applications and tools to help banks, asset managers, and trading firms quickly integrate quantitative models that can help with analyzing risk, ensuring compliance, and improving operational efficiency. The company raised its Series C on Wednesday, scoring a $56 million investment led by Warburg Pincus with support from Blackstone Innovations Investments, PIMCO, and Global Atlantic. Blackstone, PIMCO, and Global Atlantic are also users of Beacon's tech, as are the Commonwealth Bank of Australia and Shell New Energies, a division of Royal Dutch Shell, among others.The fintech provides a shortcut for firms looking to use quantitative modelling and data science across various aspects of their businesses, a process that can often take considerable resources if done solo.Here's the 20-page pitch deck Beacon, a fintech helping Wall Street better analyze risk and data, used to raise $56 million from Warburg Pincus, Blackstone, and PIMCOInvoice financing for SMBs Stacey Abrams and Lara Hodgson, Now cofounders. Now About a decade ago, politician Stacey Abrams and entrepreneur Lara Hodgson were forced to fold their startup because of a kink in the supply chain - but not in the traditional sense.Nourish, which made spill-proof bottled water for children, had grown quickly from selling to small retailers to national ones. And while that may sound like a feather in the small business' cap, there was a hang-up."It was taking longer and longer to get paid, and as you can imagine, you deliver the product and then you wait and you wait, but meanwhile you have to pay your employees and you have to pay your vendors," Hodgson told Insider. "Waiting to get paid was constraining our ability to grow."While it's not unusual for small businesses to grapple with working capital issues, the dust was still settling from the Great Recession. Abrams and Hodgson couldn't secure a line of credit or use financing tools like factoring to solve their problem. The two entrepreneurs were forced to close Nourish in 2012, but along the way they recognized a disconnect in the system. "Why are we the ones borrowing money, when in fact we're the lender here because every time you send an invoice to a customer, you've essentially extended a free loan to that customer by letting them pay later," Hodgson said. "And the only reason why we were going to need to possibly borrow money was because we had just given ours away for free to Whole Foods," she added.Check out the 7-page deck that Now, Stacey Abrams' fintech that wants to help small businesses 'grow fearlessly', used to raise $29 millionInsurance goes digital Jamie Hale, CEO and cofounder of Ladder. Ladder Fintechs looking to transform how insurance policies are underwritten, issued, and experienced by customers have grown as new technology driven by digital trends and artificial intelligence shape the market. And while verticals like auto, homeowner's, and renter's insurance have seen their fair share of innovation from forward-thinking fintechs, one company has taken on the massive life-insurance market. Founded in 2017, Ladder uses a tech-driven approach to offer life insurance with a digital, end-to-end service that it says is more flexible, faster, and cost-effective than incumbent players.Life, annuity, and accident and health insurance within the US comprise a big chunk of the broader market. In 2020, premiums written on those policies totaled some $767 billion, compared to $144 billion for auto policies and $97 billion for homeowner's insurance.Here's the 12-page deck that Ladder, a startup disrupting the 'crown jewel' of the insurance market, used to nab $100 millionEmbedded payments for SMBs The Highnote team. Highnote Branded cards have long been a way for merchants with the appropriate bank relationships to create additional revenue and build customer loyalty. The rise of embedded payments, or the ability to shop and pay in a seamless experience within a single app, has broadened the number of companies looking to launch branded cards.Highnote is a startup that helps small to mid-sized merchants roll out their own debit and pre-paid digital cards. The fintech emerged from stealth on Tuesday to announce it raised $54 million in seed and Series A funding.Here's the 12-page deck Highnote, a startup helping SMBs embed payments, used to raise $54 million in seed and Series A fundingAn alternative auto lender Daniel Chu, CEO and founder of Tricolor. Tricolor An alternative auto lender that caters to thin- and no-credit Hispanic borrowers is planning a national expansion after scoring a $90 million investment from BlackRock-managed funds. Tricolor is a Dallas-based auto lender that is a community development financial institution. It uses a proprietary artificial-intelligence engine that decisions each customer based on more than 100 data points, such as proof of income. Half of Tricolor's customers have a FICO score, and less than 12% have scores above 650, yet the average customer has lived in the US for 15 years, according to the deck.A 2017 survey by the Federal Deposit Insurance Corporation found 31.5% of Hispanic households had no mainstream credit compared to 14.4% of white households. "For decades, the deck has been stacked against low income or credit invisible Hispanics in the United States when it comes to the purchase and financing of a used vehicle," Daniel Chu, founder and CEO of Tricolor, said in a statement announcing the raise.An auto lender that caters to underbanked Hispanics used this 25-page deck to raise $90 million from BlackRock investorsA new way to access credit The TomoCredit team. TomoCredit Kristy Kim knows first-hand the challenge of obtaining credit in the US without an established credit history. Kim, who came to the US from South Korea, couldn't initially get access to credit despite having a job in investment banking after graduating college. "I was in my early twenties, I had a good income, my job was in investment banking but I could not get approved for anything," Kim told Insider. "Many young professionals like me, we deserve an opportunity to be considered but just because we didn't have a Fico, we weren't given a chance to even apply," she added.Kim started TomoCredit in 2018 to help others like herself gain access to consumer credit. TomoCredit spent three years building an internal algorithm to underwrite customers based on cash flow, rather than a credit score.TomoCredit, a fintech that lends to thin- and no-credit borrowers, used this 17-page pitch deck to raise its $10 million Series AAn IRA for alternatives Henry Yoshida is the co-founder and CEO of retirement fintech startup Rocket Dollar. Rocket Dollar Fintech startup Rocket Dollar, which helps users invest their individual retirement account (IRA) dollars into alternative assets, just raised $8 million for its Series A round, the company announced on Thursday.Park West Asset Management led the round, with participation from investors including Hyphen Capital, which focuses on backing Asian American entrepreneurs, and crypto exchange Kraken's venture arm. Co-founded in 2018 by CEO Henry Yoshida, CTO Rick Dude, and VP of marketing Thomas Young, Rocket Dollar now has over $350 million in assets under management on its platform. Yoshida sold his first startup, a roboadvisor called Honest Dollar, to Goldman Sachs' investment management division for an estimated $20 million.Yoshida told Insider that while ultra-high net worth investors have been investing self-directed retirement account dollars into alternative assets like real estate, private equity, and cryptocurrency, average investors have not historically been able to access the same opportunities to invest IRA dollars in alternative assets through traditional platforms.Here's the 34-page pitch deck a fintech that helps users invest their retirement savings in crypto and real estate assets used to nab $8 millionConnecting startups and investors Hum Capital cofounder and CEO Blair Silverberg. Hum Capital Blair Silverberg is no stranger to fundraising.For six years, Silverberg was a venture capitalist at Draper Fisher Jurvetson and Private Credit Investments making bets on startups."I was meeting with thousands of founders in person each year, watching them one at a time go through this friction where they're meeting a ton of investors, and the investors are all asking the same questions," Silverberg told Insider. He switched gears about three years ago, moving to the opposite side of the metaphorical table, to start Hum Capital, which uses artificial intelligence to match investors with startups looking to fundraise.On August 31, the New York-based fintech announced its $9 million Series A. The round was led by Future Ventures with participation from Webb Investment Network, Wavemaker Partners, and Partech. This 11-page pitch deck helped Hum Capital, a fintech using AI to match investors with startups, raise a $9 million Series A.Payments infrastructure for fintechs Qolo CEO and co-founder Patricia Montesi. Qolo Three years ago, Patricia Montesi realized there was a disconnect in the payments world. "A lot of new economy companies or fintech companies were looking to mesh up a lot of payment modalities that they weren't able to," Montesi, CEO and co-founder of Qolo, told Insider.Integrating various payment capabilities often meant tapping several different providers that had specializations in one product or service, she added, like debit card issuance or cross-border payments. "The way people were getting around that was that they were creating this spider web of fintech," she said, adding that "at the end of it all, they had this mess of suppliers and integrations and bank accounts."The 20-year payments veteran rounded up a group of three other co-founders - who together had more than a century of combined industry experience - to start Qolo, a business-to-business fintech that sought out to bundle back-end payment rails for other fintechs.Here's the 11-slide pitch deck a startup that provides payments infrastructure for other fintechs used to raise a $15 million Series ASoftware for managing freelancers Worksome cofounder and CEO Morten Petersen. Worksome The way people work has fundamentally changed over the past year, with more flexibility and many workers opting to freelance to maintain their work-from-home lifestyles.But managing a freelance or contractor workforce is often an administrative headache for employers. Worksome is a startup looking to eliminate all the extra work required for employers to adapt to more flexible working norms.Worksome started as a freelancer marketplace automating the process of matching qualified workers with the right jobs. But the team ultimately pivoted to a full suite of workforce management software, automating administrative burdens required to hire, pay, and account for contract workers.In May, Worksome closed a $13 million Series A backed by European angel investor Tommy Ahlers and Danish firm Lind & Risør.Here's the 21-slide pitch deck used by a startup that helps firms like Carlsberg and Deloitte manage freelancersPersonal finance is only a text away Yinon Ravid, the chief executive and cofounder of Albert. Albert The COVID-19 pandemic has underscored the growing preference of mobile banking as customers get comfortable managing their finances online.The financial app Albert has seen a similar jump in activity. Currently counting more than six million members, deposits in Albert's savings offering doubled from the start of the pandemic in March 2020 to May of this year, from $350 million to $700 million, according to new numbers released by the company. Founded in 2015, Albert offers automated budgeting and savings tools alongside guided investment portfolios. It's looked to differentiate itself through personalized features, like the ability for customers to text human financial experts.Budgeting and saving features are free on Albert. But for more tailored financial advice, customers pay a subscription fee that's a pay-what-you-can model, between $4 and $14 a month. And Albert's now banking on a new tool to bring together its investing, savings, and budgeting tools.Fintech Albert used this 10-page pitch deck to raise a $100 million Series C from General Atlantic and CapitalGRethinking debt collection Jason Saltzman, founder and CEO of Relief Relief For lenders, debt collection is largely automated. But for people who owe money on their credit cards, it can be a confusing and stressful process. Relief is looking to change that. Its app automates the credit-card debt collection process for users, negotiating with lenders and collectors to settle outstanding balances on their behalf. The fintech just launched and closed a $2 million seed round led by Collaborative Ventures. Relief's fundraising experience was a bit different to most. Its pitch deck, which it shared with one investor via Google Slides, went viral. It set out to raise a $1 million seed round, but ended up doubling that and giving some investors money back to make room for others.Check out a 15-page pitch deck that went viral and helped a credit-card debt collection startup land a $2 million seed roundBlockchain for private-markets investing Carlos Domingo is cofounder and CEO of Securitize. Securitize Securitize, founded in 2017 by the tech industry veterans Carlos Domingo and Jamie Finn, is bringing blockchain technology to private-markets investing. The company raised $48 million in Series B funding on June 21 from investors including Morgan Stanley and Blockchain Capital.Securitize helps companies crowdfund capital from individual and institutional investors by issuing their shares in the form of blockchain tokens that allow for more efficient settlement, record keeping, and compliance processes. Morgan Stanley's Tactical Value fund, which invests in private companies, made its first blockchain-technology investment when it coled the Series B, Securitize CEO Carlos Domingo told Insider.Here's the 11-page pitch deck a blockchain startup looking to revolutionize private-markets investing used to nab $48 million from investors like Morgan StanleyE-commerce focused business banking Michael Rangel, cofounder and CEO, and Tyler McIntyre, cofounder and CTO of Novo. Kristelle Boulos Photography Business banking is a hot market in fintech. And it seems investors can't get enough.Novo, the digital banking fintech aimed at small e-commerce businesses, raised a $40.7 million Series A led by Valar Ventures in June. Since its launch in 2018, Novo has signed up 100,000 small businesses. Beyond bank accounts, it offers expense management, a corporate card, and integrates with e-commerce infrastructure players like Shopify, Stripe, and Wise.Founded in 2018, Novo was based in New York City, but has since moved its headquarters to Miami. Here's the 12-page pitch deck e-commerce banking startup Novo used to raise its $40 million Series ABlockchain-based credit score tech John Sun, Anna Fridman, and Adam Jiwan are the cofounders of fintech startup Spring Labs. Spring Labs A blockchain-based fintech startup that is aiming to disrupt the traditional model of evaluating peoples' creditworthiness recently raised $30 million in a Series B funding led by credit reporting giant TransUnion.Four-year-old Spring Labs aims to create a private, secure data-sharing model to help credit agencies better predict the creditworthiness of people who are not in the traditional credit bureau system. The founding team of three fintech veterans met as early employees of lending startup Avant.Existing investors GreatPoint Ventures and August Capital also joined in on the most recent round. So far Spring Labs has raised $53 million from institutional rounds.TransUnion, a publicly-traded company with a $20 billion-plus market cap, is one of the three largest consumer credit agencies in the US. After 18 months of dialogue and six months of due diligence, TransAmerica and Spring Labs inked a deal, Spring Labs CEO and cofounder Adam Jiwan told Insider.Here's the 10-page pitch deck blockchain-based fintech Spring Labs used to snag $30 million from investors including credit reporting giant TransUnionDigital banking for freelancers JGalione/Getty Images Lance is a new digital bank hoping to simplify the life of those workers by offering what it calls an "active" approach to business banking. "We found that every time we sat down with the existing tools and resources of our accountants and QuickBooks and spreadsheets, we just ended up getting tangled up in the whole experience of it," Lance cofounder and CEO Oona Rokyta told Insider. Lance offers subaccounts for personal salaries, withholdings, and savings to which freelancers can automatically allocate funds according to custom preset levels. It also offers an expense balance that's connected to automated tax withholdings.In May, Lance announced the closing of a $2.8 million seed round that saw participation from Barclays, BDMI, Great Oaks Capital, Imagination Capital, Techstars, DFJ Frontier, and others.Here's the 21-page pitch deck Lance, a digital bank for freelancers, used to raise a $2.8 million seed round from investors including BarclaysDigital tools for independent financial advisors Jason Wenk, founder and CEO of Altruist Altruist Jason Wenk started his career at Morgan Stanley in investment research over 20 years ago. Now, he's running a company that is hoping to broaden access to financial advice for less-wealthy individuals. The startup raised $50 million in Series B funding led by Insight Partners with participation from investors Vanguard and Venrock. The round brings the Los Angeles-based startup's total funding to just under $67 million.Founded in 2018, Altruist is a digital brokerage built for independent financial advisors, intended to be an "all-in-one" platform that unites custodial functions, portfolio accounting, and a client-facing portal. It allows advisors to open accounts, invest, build models, report, trade (including fractional shares), and bill clients through an interface that can advisors time by eliminating mundane operational tasks.Altruist aims to make personalized financial advice less expensive, more efficient, and more inclusive through the platform, which is designed for registered investment advisors (RIAs), a growing segment of the wealth management industry. Here's the pitch deck for Altruist, a wealth tech challenging custodians Fidelity and Charles Schwab, that raised $50 million from Vanguard and InsightPayments and operations support HoneyBook cofounders Dror Shimoni, Oz Alon, and Naama Alon. HoneyBook While countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.Half of the US population may be freelance by 2027, according to a study commissioned by remote-work hiring platform Upwork. HoneyBook, a fintech startup that provides payment and operations support for freelancers, in May raised $155 million in funding and achieved unicorn status with its $1 billion-plus valuation.Durable Capital Partners led the Series D funding with other new investors including renowned hedge fund Tiger Global, Battery Ventures, Zeev Ventures, and 01 Advisors. Citi Ventures, Citigroup's startup investment arm that also backs fintech robo-advisor Betterment, participated as an existing investor in the round alongside Norwest Venture partners. The latest round brings the company's fundraising total to $227 million to date.Here's the 21-page pitch deck a Citi-backed fintech for freelancers used to raise $155 million from investors like hedge fund Tiger GlobalFraud prevention for lenders and insurers Fiordaliso/Getty Images Onboarding new customers with ease is key for any financial institution or retailer. The more friction you add, the more likely consumers are to abandon the entire process.But preventing fraud is also a priority, and that's where Neuro-ID comes in. The startup analyzes what it calls "digital body language," or, the way users scroll, type, and tap. Using that data, Neuro-ID can identify fraudulent users before they create an account. It's built for banks, lenders, insurers, and e-commerce players."The train has left the station for digital transformation, but there's a massive opportunity to try to replicate all those communications that we used to have when we did business in-person, all those tells that we would get verbally and non-verbally on whether or not someone was trustworthy," Neuro-ID CEO Jack Alton told Insider.Founded in 2014, the startup's pitch is twofold: Neuro-ID can save companies money by identifying fraud early, and help increase user conversion by making the onboarding process more seamless. In December Neuro-ID closed a $7 million Series A, co-led by Fin VC and TTV Capital, with participation from Canapi Ventures. With 30 employees, Neuro-ID is using the fresh funding to grow its team and create additional tools to be more self-serving for customers.Here's the 11-slide pitch deck a startup that analyzes consumers' digital behavior to fight fraud used to raise a $7 million Series AAI-powered tools to spot phony online reviews Saoud Khalifah, founder and CEO of Fakespot. Fakespot Marketplaces like Amazon and eBay host millions of third-party sellers, and their algorithms will often boost items in search based on consumer sentiment, which is largely based on reviews. But many third-party sellers use fake reviews often bought from click farms to boost their items, some of which are counterfeit or misrepresented to consumers.That's where Fakespot comes in. With its Chrome extension, it warns users of sellers using potentially fake reviews to boost sales and can identify fraudulent sellers. Fakespot is currently compatible with Amazon, BestBuy, eBay, Sephora, Steam, and Walmart."There are promotional reviews written by humans and bot-generated reviews written by robots or review farms," Fakespot founder and CEO Saoud Khalifah told Insider. "Our AI system has been built to detect both categories with very high accuracy."Fakespot's AI learns via reviews data available on marketplace websites, and uses natural-language processing to identify if reviews are genuine. Fakespot also looks at things like whether the number of positive reviews are plausible given how long a seller has been active.Fakespot, a startup that helps shoppers detect robot-generated reviews and phony sellers on Amazon and Shopify, used this pitch deck to nab a $4 million Series ANew twists on digital banking Zach Bruhnke, cofounder and CEO of HMBradley HMBradley Consumers are getting used to the idea of branch-less banking, a trend that startup digital-only banks like Chime, N26, and Varo have benefited from. The majority of these fintechs target those who are underbanked, and rely on usage of their debit cards to make money off interchange. But fellow startup HMBradley has a different business model. "Our thesis going in was that we don't swipe our debit cards all that often, and we don't think the customer base that we're focusing on does either," Zach Bruhnke, cofounder and CEO of HMBradley, told Insider. "A lot of our customer base uses credit cards on a daily basis."Instead, the startup is aiming to build clientele with stable deposits. As a result, the bank is offering interest-rate tiers depending on how much a customer saves of their direct deposit.Notably, the rate tiers are dependent on the percentage of savings, not the net amount. "We'll pay you more when you save more of what comes in," Bruhnke said. "We didn't want to segment customers by how much money they had. So it was always going to be about a percentage of income. That was really important to us."Check out the 14-page pitch deck fintech HMBradley, a neobank offering interest rates as high as 3%, used to raise an $18.25 million Series ARead the original article on Business Insider.....»»

Category: smallbizSource: nytNov 1st, 2021

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

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

Category: topSource: businessinsiderOct 26th, 2021

45 unique and practical gifts for Dad under $50, from a durable fishing rod to a 4K streaming stick

We've made shopping for Dad easy with 45 gift ideas that are all under $50, including a Leatherman multi-tool and a reusable pint glass from Yeti. When you buy through our links, Insider may earn an affiliate commission. Learn more. w&p We have gifts under $50 for every sort of dad, from the hot sauce fan to the history buff. If your budget changes, check out our guide to the best gifts that all cost less than $25. Still looking for a gift? Take a look at our list of the All-Time Best products we've tested for inspiration. Shopping for Dad doesn't have to be the cliche-ridden experience of deciding between gifting them an economy-size pack of socks or a fancy new tie - there's just no fun in that. Why not dig a little deeper instead and gift Dad something he really wants (as opposed to something he may only simply need). And since opting for something other than socks and a tie takes a bit more research on your end, we've taken to the task of rounding up a ton of fun, useful, and, most importantly, thoughtful gifts the dad (or dads) in your life will truly love.Better yet, they're all under $50. Maybe you want to gift him some fun, print-happy boxer briefs, or perhaps a vintage baseball cap is more his speed. Whatever kind of gifting inspiration you're looking for, we have you covered below.If you need a gift quick and don't want to pay for expedited shipping, take a look at our list of Prime-eligible gifts available at Amazon.See more under-$50 gifts for Dad below: A sentimental whisky glass Uncommon Goods Urban Map Glass, available at Uncommon Goods, $18Your dad's a classy guy, and even if he's not, he should be drinking from this intricately designed whisky vessel. Raise a toast to his favorite city by customizing the glass etching. Slip-on slippers for indoor and outdoor Nordstrom Spun Slippers, available at Nordstrom, from $60If he tends to not wear socks at home, these slip-on slippers are a nice and more comfortable alternative. These lounge-worthy slippers feature a soft faux fur lining, absorbs shock, and work for indoors and outdoors use. A multi-functional gardening kit Uncommon Goods Gardener's Tool Seat, available at Uncommon Goods, $44If their hobby is gardening but it's not so easy on their knees, this lightweight garden stool combines the features of a tool bag and a folding chair. A fondue set Bed Bath & Beyond Dash 3 qt. Deluxe Fondue Maker Set, available at Bed, Bath & Beyond, $59.99This fondue maker lets you melt decadent ingredients like cheese and chocolate, so you can create delicious dips for the whole family.  Comfy boxer briefs with cool prints Saxx Pair of Saxx boxers, available at Saxx, $25Although boxers can sometimes be lumped into the category of "boring" with socks and ties, the underwear from Saxx are so comfortable, Dad will wonder how he ever wore anything else. Featuring its patented BallPark Pouch and available in a variety of fun prints and patterns, Saxx boxers are designed with fit, comfort, and style in mind.  A copper waiter's key Williams Sonoma Wine Waiters Corkscrew, available at Williams Sonoma, $44.95A nice piece for the bar to replace that ratty old plastic thing he stole from Holiday Inn before you were born and life was good. A coffee table book-ode to American whiskey Amazon "The Art of American Whiskey," available at Amazon and Barnes & Noble, from $13.34Whether or not Dad's a whiskey drinker, there's some deep-seated American history in Rothbaum's collection that no one can deny. An Anthony Bourdain cookbook illustrated by Ralph Steadman Amazon "Appetites: A Cookbook," available at Amazon and Barnes & Noble, from $20.39According to both Jacques Pepin and this book's late author, no grown man should ever go without knowing how to cook an omelet.  A new, ultra-lightweight headlamp Biolite BioLite HeadLamp 200, available at BioLite, $44.95Dad's neck could stand a break; you've been a pain in it all along, and that clunky old headlamp he takes out night-fishing isn't doing him any favors, either. Biolite's latest edition weighs under two ounces and boasts 40 hours of battery life.  A folding bamboo laptop desk Target Winsome Alden Lap Desk with Flip Top in Walnut Finish, available at Target, $38.24Or a breakfast-in-bed tray, as he likes. A bottle of American whiskey, cut with Rocky Mountain water Reserve Bar Tin Cup American Whiskey, available at Reserve Bar, $35If Dad's a no-fuss kinda fella, this ought to suit him just right. Tin cup included. A set of beard oils Amazon Grave Before Shave Beard Oil 4 Pack, available at Grave Before Shave, $35.99Stop letting Dad go out with that scraggly beard and get him some beard oil and balm to shape it up a little. A chiller to keep his beer cold Amazon Corkcicle Chillsner, available at Amazon, two-pack for $23.91The stainless steel Chillsner fits easily into the bottle and keeps beverages refreshingly crisp. A carry-on cocktail kit to take the edge off the flight Uncommon Goods The Carry On Cocktail Kit: The Old Fashioned, available at w&p, $24Dad's sick of the same old scotch and soda he drinks on his red eyes. Help him change it up a bit. A durable pizza stone Williams-Sonoma Emile Henry Pizza Stone, available at Williams Sonoma, $54.95If he's using a baking sheet — or worse, nothing but tin foil — to make pizzas, there's no need to discuss it: It's time for a change. A chambray and leather apron Crate & Barrel Chambray Grey Apron, available at Crate & Barrel, $29.95No more bacon grease stains on his favorite football jersey. A comb for life Amazon Chicago Comb Model No. 1, available at Amazon, $11.99This will likely outlast his hair, but when it does, he'll look at it as a fond memory of his long-lost locks — of which, he'll dare not let you forget, you singlehandedly stripped him during your formative years. A multi-tool utility bracelet Uncommon Goods Men's Utility Bracelet, available at Uncommon Goods, $40Remind him that he is handy, and he can fix things. The newest Amazon Echo Dot Amazon Amazon Echo Dot (4th generation), available at Amazon, $49.99Amazon's signature Alexa-powered speaker gets a design upgrade with its new spherical shape. If your dad's a tech guru, he can use this speaker to control the home, stream his favorite tunes, listen to podcasts, and connect with others.  A 4K streaming stick Roku Roku Streaming Stick 4K, available at Roku, $39.99Who doesn't love a good streaming stick, right? Roku's Streaming Stick 4K kicks up the video quality from the brand's other options, giving Dad the ability to watch high-definition content on apps like Netflix, Hulu, HBO Max, or ESPN. If he has an HD TV, then he needs a high-def streaming stick.  A ridiculously comfortable everyday tee Myles Apparel Myles Apparel Everyday Tee, available at Myles Apparel, $48A comfortable tee shirt can be a staple of Dad's wardrobe, and the Everyday Tee from Myles Apparel is one of our absolute favorites right now. It comes in five different color options, sizing from small on up to XXL, and is available as a crew neck and with or without a pocket. It also features odor-resistant technology and quick-drying fabric. Dad will love it.  All-natural foot and shoe powder Walmart Foot Sense Foot and Shoe Powder, available at Walmart, $16.58A not-so-subtle gift for the whole family, but if there's ever a time to lovingly let Dad know that his feet stink to high heaven, it's now. A custom graphic map of his favorite city Uncommon Goods Custom Map Poster, available at Grafomap, starting at $49You can make one of your dad's hometown, his college town, his favorite travel destination, or the place where he got engaged or married — you're only limited by your imagination.  A guitar pick punch Amazon Guitar Pick Punch, available on Amazon, $25.95If Dad doesn't already play the guitar, it's time. There is no instrument more "Dad" than the ax. But, just as he loses his keys, he'll constantly find himself in want of a pick. Make no mistake, this little tool will save him a few bucks over the years. Old gift cards and credit cards are fair game, but beware: so is your fake ID. A Himalayan salt stone Wayfair Himalayan Salt Plate with Holder, available at Wayfair, $40.99Heavy salting and charring might not be the best thing for dear old Dad's body, but it is simply rhapsodic to his soul. A truffle-oil-infused hot sauce Amazon Truff Black-Truffle-Infused Hot Sauce (set of 2), available at Truff, $34.16If he's not into making his own but happens to be in his truffle-oil-loving phase, this'll light him right up. A shaving kit with a badger hair brush and a thick ceramic soap mug The Art of Shaving The Gifted Groomer Kit, available at The Art of Shaving, $35Banish the electric razor from your house by reminding your Dad how lovely it is to shave with a real razor, a fine brush, and thick, frothy soap from a mug.Also, check out our buying guide to the best shaving supplies here. All-American seasonings and rubs Man Crates Mount Rubsmore, available at Man Crates, $29.99If Dad's a grilling fiend, he'll love this. Check out other options from Man Crates here. A classic French shellfish shucking tool Williams Sonoma Williams Sonoma Seafood Oyster Knife, available at Williams Sonoma, $21.95This shucking tool is an all-in-one that can handle oysters and clams. Williams Sonoma's knife features a sturdy angled blade ideal for shucking oysters and a nonslip, soft grip handle to shuck safely. Adjustable silicone bands for organizing Ebbets Field Flannels Vintage baseball caps, available from Ebbets Field Flannels, $39You could get Dad a hat of his favorite team from somewhere like Lids or New Era but what if you got him something with some historical flair, too? The hats sold via Ebbets Field Flannels all celebrate sports teams from many decades past, like the Kansas City Katz 1961 summer league team or the Portland Beavers minor league squad.  A folding multitool for his inner chef Leatherman Leatherman Bond multi-tool, available at Leatherman, $49.95A quality and dependable multi-tool can be an invaluable part of Dad's toolkit, and no one makes them better than Leatherman. Its Bond tool is one of the brand's best, costing right below $50 and comes with needlenose pliers, wire cutters, a can and bottle opener, and a selection of screwdrivers (among many others). A refreshing aftershave Uncommon Goods Proraso After Shave Lotion, available at Saks Fifth Avenue, $14Help him feel fresh and clean with a slick after-shave. Also, check out our buying guide to the best shaving supplies here. A cheese making kit The Grommet DIY Mozzarella/Ricotta Cheese-Making Kit, available at The Grommet, $29Dad deserves artisanal mozzarella and ricotta made with love, even if he has to make it himself. A key finder Uncommon Goods Tile Mate Key Finder, available at Amazon, $24.99A compact key tracker for your hapless car-key-losing fool of a dad is a really thoughtful and practical gift. Bison-down trail socks REI Darn Tough Hiker Socks, available at REI, $24Alright, so we had to recommend at least one pair of socks, right? Rest assured, these aren't socks you'd find at the cash wrap of a gas station but are instead something Dad can find plenty of use for. Darn Tough lives by its namesake, manufacturing some of the best, most durable socks on the market. Its Hiker Socks aren't just for hiking either, and can be worn as work socks, lounging around the house, or for just keeping warm when temperatures drop.  A nearly indestructible fishing rod Amazon Ugly Stik Elite Fishing Rod, available at Bass Pro Shops, $49.99If your dad's the kind of guy who breaks things (aren't they all?), this is the fishing rod for him. A pair of durable stainless steel pint glasses that keep drinks cold for hours Uncommon Goods Yeti Rambler Stackable Stainless Steel Pint Glass, available at Yeti, $24.99Though Yeti is known mostly for its coolers, its Stainless Steel Pint Glass is also a stunner — and something Dad will get plenty of use out of. It comes in a variety of colors and is durable enough to withstand fishing trips, backyard hangouts, or even full days spent on the couch.  A book to make your awesome dad even more awesome Amazon "This Is The Book to Give Your Dad: Everything an Awesome Father Wants to Know," available at Barnes and Noble, $20Not that he needs it. A life-proof wet/dry electric shaver and trimmer Amazon Wahl Lithium Ion All-in-One Beard Trimmer Men's Grooming Kit, available at Amazon, $41.79Whether Dad's often running late and trying to cop a quick electric trim or shave with a wet face, or he's just downright rough on things, he should get some mileage out of this one. A sleek, eco-friendly lunch box Amazon GreenLunch Bento 3-in-1 Bento Lunch Box, available at Amazon, $31.89Don't send Dad off to work (or school, as the case may be) with a brown bag. If you think it's embarrassing for you, it's definitely embarrassing for him. Coasters made from reclaimed records Uncommon Goods Upcycled Record Coasters, available at Uncommon Goods, $18Remind him that vinyl will never go out of style, and neither will he. A kit to make his own hot sauce Uncommon Goods Make Your Own Hot Sauce Kit, available at Uncommon Goods, $42Help Dad ditch the Cholula and sriracha and tap into his creative side. Even if you've never seen it, it's there. We promise. A reusable water bottle S'well S'well Stainless Steel Water Bottle, available at Amazon, $45This reusable water bottle will be sure to help your dad remember to drink more water throughout the day, whether it sits on his office desk, in his car, or in his gym bag. He'll enjoy traveling in style with the refined, soft-edged design that's unique to S'well. A portable bluetooth speaker Amazon Anker Soundcore Flare Mini, available at Amazon, $42.99If your dad's all for simplicity and good sound, this wireless Bluetooth speaker delivers with its 360-degree audio, minimal buttons, water-resistance, and 12-hour battery life. The bottom also lights up with a colorful display that matches the beat of the music. A sleek portable charger Amazon Elecjet Powerpie, available at Amazon, $49.99Say hello to the solution to your dad's phone somehow always running out of battery. This portable charger can slip right into his pocket, so he'll never forget it or miss any of your calls.Check out more of our top picks for the best portable chargers and power banks. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 26th, 2021

Futures Surge To All Time High As Earnings Supercharge Market Meltup

Futures Surge To All Time High As Earnings Supercharge Market Meltup The wall of worry that preoccupied traders just weeks ago has melted away, and has been replaced with a global market melt up (just as Goldman predicted again this weekend), which pushed US index futures to a new all time high this morning when spoos hit 4,580.75, while propelling European and Asian stocks higher as corporate earnings helped boost sentiment amid lingering concerns about inflation and growth. As of 715am ET, US equity futures were up 0.42% or 19.25 points, Dow Jones futures were up 126 points or 0.35% and Nasdaq futures jumped 0.61%, extending cash market gains boosted by Tesla’s rally to a $1 trillion market value on a big order and Facebook’s results announcement revealing strong user growth and a $50 billion stock buyback. 10-year Treasury yields dropped by 1 basis point while the dollar slid to session lows. Bitcoin traded around $63,000. The barrage of earnings reports continued on Tuesday morning, with United Parcel Service, General Electric and 3M all gaining in pre-market trading after strong results. Eli Lilly advanced after raising full-year forecasts. Bakkt shares jumped 36% in the U.S. premarket session after more than tripling Monday when Mastercard said it has inked a deal with the firm to help banks offer cryptocurrency rewards on their debit and credit cards.  Facebook also rose after pledging to buy back as much as $50 billion more in stock, with tech heavyweights Twitter, Alphabet and Microsoft reporting after the market close on Tuesday. Here are all the notable premarket movers: Facebook (FB US) rises as much as 2.5% in premarket as analysts stay bullish despite a third-quarter revenue miss and an outlook that was below consensus. Advertising growth is seen improving in 2022. Tesla (TSLA US) gains 1% after stock closed at a record high, boosted by several factors on Monday including a large car order from rental firm Hertz and Morgan Stanley lifting its price target. Creatd (CRTD US) was up 27% adding to a 50% gain over the past two trading sessions amid a rally in a growing number of retail-trader favorite stocks linked to former U.S. President Donald Trump. Redbox (RDBX US) rises as much as 130% after the firm completed a business combination with Seaport Global Acquisition, a special purpose acquisition company. Cryptocurrency-exposed stocks rise, with Eqonex (EQOS US), previously known as Diginex, more than doubling in value after listing Polkadot on its platform and Bakkt (BKKT US) extending Monday’s gains. Earnings season is helping to counter concerns that elevated inflation and tightening monetary policy will slow the recovery from the pandemic. Some 81% of S&P 500 members have reported better-than-expected results so far, though CitiGroup Inc. warned that profit growth may be close to peaking. Equity markets are “continuing their recovery and we expect this process to continue past big-tech earnings” and this week’s European Central Bank meeting, where policy makers may flag the end to their pandemic bond-buying program, Sebastien Galy, senior macro strategist at Nordea Investment Funds, wrote in a note. Still, some analysts voiced caution over the impact of the COVID-19 pandemic on supply chains: “Even though this has been a good earnings season in aggregate we are starting to see more companies with supply backlogs, hiring difficulties, and rising input prices that are eating into profits,” Deutsche Bank analysts wrote. The debate over price pressures continued when former Treasury Secretary Lawrence Summers said officials are unlikely to deal with “inflation reality” successfully until it’s fully recognized. The MSCI world equity index, which tracks shares in 50 countries, added 0.1% European shares hit the highest level in seven weeks: the Stoxx Europe 600 index rose more than 0.5% led by gains in travel stocks and insurers, and edging close to a the record high reached in September while German stocks gained 0.9%. Reckitt Benckiser gained more than 5% after the maker of Strepsils throat lozenges raised its sales forecast. Swiss lender UBS Group AG climbed after posting a surprise jump in profit, while Novartis AG advanced on news it may spin off its generic-drug unit. After a stellar quarter for U.S. and British banks, Switzerland’s UBS rose over 2% on its highest quarterly profit since 2015, helping the financial services sector climb about 1%. Earlier in the session, the MSCI Asia Pacific Index traded 0.3% higher in afternoon trading, paring an earlier gain of as much as 0.7% which pushed it to its highest level in six weeks.  Asian stocks rose as investors focused on encouraging earnings reports from some of the world’s biggest technology companies. The advance was driven by a subgauge of IT names including South Korean memory chipmaker SK Hynix, which climbed after reporting record sales and forecasting further demand growth. Japanese electronics giants Nidec Corp. and Canon Inc. reported results after Tuesday’s close. “The earnings season so far continues to meet investor expectations and assuage inflationary concerns,” said Justin Tang, head of Asianresearch at United First Partners. Tesla’s order from Hertz, good prospects for the $550 billion U.S. infrastructure bill and the latest talks between U.S. and China officials also helped “inject some risk appetite,” Tang said. Japan led gains among national benchmarks, with the Topix rising more than 1%. The market was helped by a local media report that the ruling Liberal Democratic Party may be able to win a majority of seats on its own in the general elections scheduled for next week. Key gauges in tech-heavy South Korea and Taiwan also jumped more than 0.5%, while benchmarks fell in Hong Kong and China. In China, Modern Land China Co. became the latest builder to miss a payment on a dollar bond, in a further sign of stress in the nation’s real estate sector. Defaults from Chinese borrowers on offshore bonds have jumped to a record. Japanese stocks advanced as investors looked toward earnings reports from major companies and political stability after the upcoming election. Electronics makers and telecommunications providers were the biggest boosts to the Topix, which gained 1.2%. Fast Retailing and Tokyo Electron were the largest contributors to a 1.8% rise in the Nikkei 225. Asian stocks and U.S. futures also rose, following the S&P 500’s climb to a record high, amid positive news from Tesla and Facebook. Japanese companies reporting results today include Canon, Nidec and Hitachi Construction Machinery.  Meanwhile, the ruling Liberal Democratic Party may be able to exceed a majority of 233 seats on its own in the general elections scheduled for Oct. 31, a poll conducted by Asahi showed. “There’s a lot of noise out there but for stocks, it’s about fundamentals, which are corporate earnings,” said Hiroshi Matsumoto, head of Japan investment at Pictet Asset Management. “We’re starting to see some pretty good earnings figures, so I’m thinking we’ll see the Nikkei 225 consolidate around the 29,000 level this week.” In rates, Treasuries were cheaper across front-end of the curve, fading a portion of Monday’s gains even as corporate earnings propel stock futures to new highs. The 10-year TSY yield is lower by less than 1bp at 1.622%; 2-year yields are cheaper by ~1bp on the day while long-end of the curve is richer by ~1.5bp, flattening 2s10s, 5s30s spreads by ~2bp. The TSY curve is flatter with long-end yields richer on the day, unwinding Monday’s steepening move. Treasury auction cycle begins with sale of 2-year notes, followed by 5- and 7-year offerings over next two days.  In FX, the Bloomberg Dollar Spot Index was mixed but slumped to session lows as US traders walked in. The pound led gains followed by other risk-sensitive currencies such as the Australian and New Zealand dollars. Sterling gained even as overnight index swaps show traders trimmed back bets for BOE tightening, pricing in 14 basis points of hikes in November, down from 15 points previously. The yen was the worst performer as demand for haven assets receded following talks between U.S. and Chinese officials on the economy and cooperation in which some incremental progress was made. The euro inched up after gyrating toward the $1.16 handle; the euro’s volatility skew flattened in the past two weeks, suggesting a rebound in the spot market. Given the latter has stalled at a key resistance area, risk reversals could show downside risks once again. The Turkish lira rallied the most in more than four months after President Recep Tayyip Erdogan dropped his demand for 10 Western ambassadors to be expelled from the country. China’s offshore yuan gained for a fourth straight day, lifted by a phone call between the U.S. and China on trade and economic issues. Overnight borrowing costs sunk to one-month lows after the central bank boosted cash injections into the financial system.  In commodities, WTI crude oil was steady around $84 a barrel and Brent traded above $86 as investors weighed the outlook for U.S. stockpiles and prospects for talks that may eventually help to revive an Iranian nuclear accord, allowing a pickup in crude exports. Gold held above $1,800 an ounce and Bitcoin hovered around $62,500. Looking at today's calendar, we get the August FHFA house price index, September new home sales, October Conference Board consumer confidence and Richmond Fed manufacturing index. In central banks, ECB’s Villeroy and de Cos will speak. In corporate earnings, we will get results from Microsoft, Alphabet, Visa, Eli Lilly, Novartis, Texas Instruments, UPS, General Electric, UBS and Twitter Market Snapshot S&P 500 futures up 0.4% to 4,576.25 STOXX Europe 600 up 0.6% to 474.91 MXAP up 0.4% to 200.93 MXAPJ up 0.2% to 662.77 Nikkei up 1.8% to 29,106.01 Topix up 1.2% to 2,018.40 Hang Seng Index down 0.4% to 26,038.27 Shanghai Composite down 0.3% to 3,597.64 Sensex up 0.4% to 61,232.14 Australia S&P/ASX 200 little changed at 7,443.42 Kospi up 0.9% to 3,049.08 German 10Y yield little changed at -0.12% Euro little changed at $1.1609 Brent Futures down 0.3% to $85.76/bbl Gold spot down 0.3% to $1,802.76 U.S. Dollar Index little changed at 93.86 Top Overnight News from Bloomberg Traders are wagering on rate hikes of as much as 158 basis points over the next year in countries including the U.K., New Zealand and South Korea amid soaring costs of living and commodity prices. Yet a flattening in yield curves -- historically seen as the market’s assessment of economic health -- indicates rising concern that such a rapid withdrawal of support will hurt the nascent recovery Financial markets have stubbornly ignored recent warnings from ECB policy makers including Chief Economist Philip Lane that they’re wrong to anticipate a rate hike at the end of next year. The task of persuading people otherwise will fall to President Christine Lagarde as she presents the Governing Council’s latest decision on Thursday A more detailed look at global markets courtesy of Newsquawk Asia-Pac stocks were lifted by the tailwinds seen stateside, whereby the SPX and DJIA both notched fresh all-time-highs, although the NDX outperformed as Tesla shot past the USD 1000/shr mark and USD 1trl market cap milestone. US equity futures overnight drifted higher with the NQ narrowly outperforming its peers. European equity futures also posted mild gains. Back to APAC, the ASX 200 (+0.1%) was kept afloat by tech names as the sector saw tailwinds from the stateside performance. The Nikkei 225 (+1.8%) outperformed following the prior session’s underperformance, and as the JPY drifted lower during the session. The KOSPI (+0.9%) was also firmer with SK Hynix rising some 3% at the open as chip demand supported earnings. The Hang Seng (-0.4%) and Shanghai Comp (-0.3%) opened flat but the latter was initially underpinned following another chunky CNY 190bln net liquidity injection by the PBoC. The Hang Seng Mainland Properties Index fell almost 5% in early trade, whilst Modern Land noted that it will not be able to meet payments and shares were halted until future notice. Finally, 10yr JGBs were lower amid spillover selling from T-notes and Bund futures. Top Asian News MediaTek Sees 2021 Revenue Growing by 52%; 3Q Profit Beats UBS Going ‘Full Bull’ on China Despite Outflows, Growth Worry China’s IPO Flops Raise Red Flag Over Shares Pricing: ECM Watch Asian Stocks Rise as Investors Focus on Major Tech Earnings European equities (Stoxx 600 +0.6%) trade on a firmer footing after extending on the tentative gains seen at the cash open with the Stoxx 600 at its best level in around seven weeks. The APAC session saw some support via the tailwinds seen in the US after the SPX and DJIA both notched fresh all-time highs and the NDX outperformed and Tesla shot past the USD 1000/shr mark and USD 1trl market cap milestone. The Nikkei 225 (+1.7%) led gains in the region alongside a firmer JPY whilst the Shanghai Comp (-0.3%) was unable to benefit from another chunky liquidity injection by the PBoC. Stateside, futures are indicative of a firmer cash open with the NQ (+0.6%) continuing to outpace peers with Facebook +2.4% in pre-market trade post-results which saw the Co. announce a USD 50bln boost to its share buyback authorisation. From a macro perspective, with the Fed in its blackout period and events on Capitol Hill not providing much impetus for price action, the equity landscape will likely be dominated by earnings with the likes of Alphabet, Microsoft, General Electric, 3M, Visa, AMD and Twitter all due to report today. Earnings are also playing a pivotal role in Europe today with Reckitt (+6.4%) top of the FTSE 100 and supporting the Personal and Household Goods sector after Q3 results prompted the Co. to raise its sales outlook. UBS (+0.6%) is off best levels but still firmer on the session after reporting its highest quarterly profits in six years. Countering the upside from UBS in the Banking sector is Nordea (-4.0%) with shares weighed on by Sampo selling 162mlnn shares in the Co. to institutional investors. Novartis (+1.6%) shares are trading broadly inline with the market after opening gains were scaled back post-Q3 earnings which saw the Co. report a 10% increase in operating profits and announce a strategic review of its generic drug unit Sandoz. Telecoms are near the unchanged mark and unable to benefit from the broader gains seen across the region as Orange (-2.7%) acts as a drag on the sector after announcing a decline in Q3 earnings. Top European News UBS Going ‘Full Bull’ on China Despite Outflows, Growth Worry Adler Sells Real Estate Portfolio Valued at More Than EU1B Europe Gas Extends Gains With Weak Russian Flows, Norway Outages Latest Impact of Europe’s Energy Crisis is a Plunge in Trading In FX, the 94.000 level remains tantalisingly or agonisingly close, but elusive for the Dollar index, and it could simply be a psychological barrier as a breach would clear the way for a complete comeback from trough to 94.174 peak set last week. However, the Greenback has lost some yield attraction and the broad risk tone is bullish to dampen demand on safe-haven grounds, while chart resistance and option expiries are also preventing the Buck from staging a more pronounced rebound ahead of a busier US agenda including housing data, consumer confidence, several regional Fed surveys and the first slug of issuance in the form of Usd 60 bn 2 year notes. Back to the DXY, 93.965-795 encapsulates trade thus far, and the 21 DMA stands at 93.966 today, just 3 ticks shy of Monday’s high. AUD - In similar vein to its US counterpart, the Aussie is finding 0.7500 a tough round number to crack, convincingly, but Aud/Usd is deriving support from the ongoing recovery in industrial metals awaiting independent impetus via Q3 inflation data tomorrow. JPY/CHF - The Yen and Franc continue to lag their major peers and retreat further vs the Dollar, with the former now struggling to keep sight of the 114.00 handle even though hefty option expiries reside from 113.85 to the big figure (1 bn), and Usd/Jpy faces more at the 114.50 strike (1.1 bn), while the latter is sub-0.9200 and unwinding more gains relative to the Euro as the cross probes 1.0700. GBP/NZD - Conversely, Sterling remains primed for further attempts to extend gains beyond Fib resistance and breach 1.3800, while eyeing 0.8400 against the Euro irrespective of some UK bank research suggesting that BoE Governor Bailey may not back up recent hawkish words with a vote to hike rates at the November MPC. Elsewhere, the Kiwi is still hovering above 0.7150 and defending 1.0500 vs its Antipodean rival with a degree of traction via RBNZ Governor Orr warning that climate change could culminate in a lengthy phase of stronger inflation that needs a policy response. EUR/CAD - Both rather flat, as the Euro continues to pivot 1.1600 and rely on option expiry interest for underlying support (1.5 bn rolling off from the round number to 1.1610 today), but also anchored by the 21 DMA that aligns with the big figure, while the Loonie has lost its crude prop on the eve of the BoC, though should also receive protection from expiries at 1.2400 (1 bn) within a 1.2394-68 range. EM - The Try has reclaimed more lost ground to trade above 9.5000 vs the Usd on a mix of corrective price action and short covering rather than any real relief about Turkey’s latest rift with international partners given another blast from President Erdogan who said statements issued by ambassadors on Kavala target his country’s judiciary and sovereignty, adding that the Turkish judiciary does not take orders from anyone. On the flip-side, the Zar is softer alongside Gold and ongoing issues with SA power supply provided by Eskom. In commodities, WTI and Brent have been softer throughout the European morning dipping from the initially steady start to the APAC session after yesterday’s pressured; nonetheless, prices haven’t dipped too far from recent peaks. Newsflow for the complex and broadly has been sparse thus far as focus remains very much on earnings and events due later in the week. Specifically for energy, we had commentary from Russian Deputy PM Novak that he wants OPEC+ to stick to the agreement to increase production by 400k BPD at the November gathering, commentary which had little impact on crude at the time. Elsewhere, the weekly Private Inventory report is due later in the session and expectations are for a build of 1.7mln for the headline crude figure; for reference, both distillates and gasoline stocks are expected to post a draw. Moving to metals, spot gold and silver are pressured this morning with initial downside perhaps stemming from a short-lived resurgence in the USD; however, while the metals do have a negative bias, the magnitude of this – particularly in spot gold – is fairly minimal. Separately, base metals are softer with LME copper hindered and still shy of the 10k figure. Again, newsflow this morning has been limited but we did see a production update from Hochschild who confirmed FY21 production guidance of 360-370k gold-equivalent ounces after reporting that Q3 was the strongest period of the year, thus far. US Event Calendar 9am: Aug. S&P Case Shiller Composite-20 YoY, est. 20.00%, prior 19.95%; 9am: MoM SA, est. 1.50%, prior 1.55% 9am: Aug. FHFA House Price Index MoM, est. 1.5%, prior 1.4% 10am: Oct. Conf. Board Consumer Confidenc, est. 108.2, prior 109.3 Present Situation, prior 143.4 Expectations, prior 86.6 10am: Oct. Richmond Fed Index, est. 5, prior -3 10am: Sept. New Home Sales, est. 758,000, prior 740,000; MoM, est. 2.5%, prior 1.5%;  DB's Jim Reid concludes the overnight wrap If you’ve never seen Lord of the Flies feel free to come round to our house where you’ll get a live performance that gets more authentic the longer this two week half-term holiday we’re in goes on. Yet again working is the safest option. We have the option to “purchase” extra holiday each year but I’m thinking of seeing if I can give some back and take the money instead. They are hard work when put into a room together for any period of time. It was not only the fighting that was the same as last week, markets were pretty similar yesterday too as we saw fresh equity highs alongside renewed multi-year highs in breakevens. There are a few subtle changes in company reporting trends though. Even though this has been a good earnings season in aggregate we are starting to see more companies with supply backlogs, hiring difficulties, and rising input prices that are eating into profits. Indeed yesterday saw a few consumer staples companies lower full year profit outlooks in their earnings releases. Nevertheless, major equity indices marched higher, with the small cap Russell 2000 (+0.93%) and Nasdaq composite (+0.90%) outperforming the S&P 500 (+0.47%). Consumer discretionary stocks were the clear outperformer, driven by news of Tesla (+12.66%) receiving a 100k car order from Hertz. Tesla’s big day saw it become the first automaker to cross 1 trillion dollar market cap and also drove the outperformance of the FANG index ahead of Facebook’s after hours earnings release. Speaking of which, Facebook missed revenue estimates but beat on earnings. Shares were slightly higher in after-hours trading, where they are betting big on virtual reality technology. Overnight in Asia, the Nikkei 225 (+1.75%) and the KOSPI (+0.61%) are outperforming the Hang Seng (-0.42%) and Shanghai Composite (+0.01%). The sentiment in China is being clouded by the news of another developer, Modern Land China Co., missing a payment on a $250 million dollar bond. This news came as Bloomberg reported that Chinese firms set a yearly record on offshore bond defaults. Another development in the region is that Hong Kong has pushed back against yesterday’s calls for an easing in its virus rules which the banks in particular were calling for. In geopolitics, China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a call about trade and economic concerns, boosting sentiment in Asian markets, while the S&P 500 mini futures (+0.24%) is trading higher. The yield on 10y Treasury (+0.7bps) is also up. In data releases, South Korean preliminary GDP for Q3 came in at +4.0% versus +4.3% expected, while Japan’s services PPI for September declined to +0.9%, missing estimates of +1.1%. Back to yesterday and in fixed income, as mentioned at the top inflation breakevens continued their march higher. In the US, 10-year Treasury breakevens (+2.7 bps) closed at 2.67%, just shy of their widest levels since 10-year TIPS began trading in 1997. 10yr nominal yields were -0.2 bps lower as real yields slipped -2.3bps to their lowest levels since mid-September. European breakevens kept pace, with 10-year German breakevens increasing +1.9bps to 1.93% and UK breakevens increasing +1.2 bps to 4.20%. As was the case with the US, real yields fell as nominal 10-year yields decreased across Europe. Bunds (-0.9bps), Gilts (-0.5bps), OATs (-1.1bps) and BTP (-3.4bps) yields all fell. Crude oil futures put in a mixed performance. Multiple OPEC+ members signaled they won’t increase supply at their upcoming meeting leading to gains in crude, yet the gains were short lived, as headlines noted that Iran and the EU will stage talks to restore the 2015 nuclear deal, paving a way for Iranian oil supply to return to the market. Brent futures finished +0.54% higher while WTI futures were unchanged. Natural gas prices were on a one-way track higher, however. US natural gas prices had their biggest one-day gain in a year, increasing +11.70%, on the back of a colder forecast for the upcoming winter as supply issues still abound. European and UK natural gas prices were only modestly higher by comparison, increasing +1.27% and +1.86%, respectively. European leaders are gathering in Luxembourg today for an emergency meeting on the energy crisis. European equities were almost unchanged, with the STOXX 600 (+0.07%) finishing with marginal gains with energy (+1.27%) leading. The German DAX (+0.36%) gained with the help of stronger IT (+1.76%) performance despite Ifo expectations (95.4) coming in below consensus (96.6). In other data releases, the Chicago Fed National Activity Index came at -0.13 versus 0.20 expected. The Dallas Fed Manufacturing Activity Index (14.6), however, surprised on the upside by coming above expectations (6.0). Delivery times remained elevated in the survey, and a special question showed that labour supply issues got slightly worse. In virus news, Moderna reported that its vaccine showed a strong immune response for children from 6 to under 12 years old. Meanwhile, China announced in its initial guidelines that unvaccinated athletes at the 2022 Winter Olympics in Beijing would have to quarantine for 21 days, while Hong Kong was pressured by banks to relax its zero-COVID policy. In today’s data releases, August FHFA house price index, September new home sales, October Conference Board consumer confidence and Richmond Fed manufacturing index are due from the US. In central banks, ECB’s Villeroy and de Cos will speak. In corporate earnings, we will get results from Microsoft, Alphabet, Visa, Eli Lilly, Novartis, Texas Instruments, UPS, General Electric, UBS and Twitter   Tyler Durden Tue, 10/26/2021 - 07:47.....»»

Category: blogSource: zerohedgeOct 26th, 2021

Day trading is for experienced investors who can make quick decisions about fast-moving securities

Day trading is a method of investing that relies on frequent trades of a security throughout the day in the hopes of making a small profit from each transaction. Day trading is all about taking advantage of quick movements in the market and profiting off of buying and selling securities. AndreyPopov/Getty Images Day trading is the practice of making several trades of a security within a single day. Day traders hope to use market volatility to make money on small gains by trading stocks. While there's significant money to be made with day trading, there's also significant risk. Visit Insider's Investing Reference library for more stories. There's more than one way to make money with securities - and day trading is one such way. With increased access to investment tools and apps, reduced fees for trades, and data relating to securities, many people are becoming more interested in how small moves in the market can deliver profits. But day trading isn't for the inexperienced investor. To be successful, you need the right mix of education, experience, and capital - not to mention the discipline to execute a cultivated strategy. Here's a closer look at what day trading is and what you need to know before taking the leap into these often perilous waters. What is day trading?Day trading is when you buy and sell the same security multiple times within the same day. The hope is that in making these trades, you can capitalize on any increases the securities might have gained during the day. Technically, anyone can day trade, though you'll find this type of investing done by financial services companies as well as individuals. There's a lot of risk with day trading, which is why it's not for everyone. Profit margins are often razor-thin, and you can lose a significant amount of money in a short period of time. You also can expect to devote a significant amount of time researching, planning, and making trades. "Day trading is a full-time job," says Vinny Yu, co-founder of JAVLIN Invest. "So if you're thinking it's quick and easy money, think again. Day trading requires discipline, patience, and emotional stability." Like most kinds of investing, day trading is subject to regulatory oversight by the Financial Industry Regulatory Authority (FINRA) and the Securities Exchange Commission. This is because day trading involves the purchase and sale of securities. More specific rules apply to day trading when investors buy on margin and make at least four day trades within the span of five days. Those who engage in this kind of activity are known as pattern-day traders. Quick tip: Buying on margin is the practice of borrowing money from a brokerage for investment transactions. While using this approach to day trading is an option that can give you greater buying power, you also risk owing money when trades don't work out in your favor. How does day trading work?Much of a day trader's day is spent researching and watching the markets. The goal is to find opportunities to buy securities at a low price and then sell them at a profit - and repeat that to hopefully turn a profit within a single day. This is where a strong education in finance and investment - as well as experience working within the market - is an asset. "Investors can access equity markets more cheaply and easily than ever before," says David Keller, chief market strategist at StockCharts.com. "But that easier access also comes with increased risk. Investors should educate themselves on the concepts of risk versus reward, particularly how to manage risk on individual stocks as well as at the portfolio level through asset allocation. By learning about market history using charts and technical analysis, day traders can better appreciate how repeatable patterns in price action can be identified and quantified."Because day trading can be so risky, investors who day trade have a lot to consider. "In addition to reading charts and monitoring news, a good day trader can also recognize opportunities from reading the tape," says Yu. "The goal of a day trader is obviously to make money, but equally as important is to hang on to that money and not lose it."Day traders employ a variety of strategies to accomplish their mission: Breakout trading: Many traders believe stocks trade within a range of values. When a value goes above or below that range, a day trader may decide to buy or sell. Pullback trading: This strategy looks for opportunities within a long-term trend to capitalize on declines in price. Since most stocks trend upward in value, dips in the market can offer the opportunity to buy shares at a decreased price and then sell when the value goes up again. Scalping: Scalping is when you make several trades in a day that result in small profits. Day traders hold onto these securities for seconds-to-minutes since trading happens so quickly with this strategy. Trading in large volumes is key for success with this method. Range trading: This strategy is much like breakout trading. Instead of waiting for stocks to go above or below the estimated range, day traders will buy and sell when prices come near the limits of the range. News-based trading: Day traders follow the news to look for conditions that could impact the price of stocks. They have to continually monitor news outlets to look for information they can use to make predictions about how stocks will fare, and then base buying and selling actions on that information. High-frequency trading: This strategy uses automated algorithms to trade securities in large amounts as fast as possible. Special computer systems are needed for this kind of day trading, which is why it's usually done by institutional investors. Quick tip: Changes in political leaders, sales of companies or leadership, supply shortages, and natural disasters are all events that can impact stock values. Be on the lookout for changes in the market when these occur. What are the rules of day trading?A lot of the rules day traders work by have to do with trading discipline and commitment, as well as having the emotional wherewithal to deal with constant market volatility. It takes time to learn what works and what doesn't with day trading and to develop a methodology that results in the kind of profits you're looking to achieve. "In my experience, the most successful traders exercise good discipline in their decision-making by focusing on the weight of the evidence," says Keller. "It's good to consider different perspectives, but at the end of the day, your decision process is up to you. Develop a well-articulated checklist for entering and exiting positions, apply that checklist consistently, and find success."If you're a pattern day trader who uses a margin account, you will have additional rules from FINRA to follow. These include:You must keep a minimum of $25,000 of equity in each account used for day trading at all times. If the balance falls below that amount on a day you want to trade, you won't be allowed to make the transaction. You're also only allowed to trade up to four times the amount above the $25,000 minimum in your account from the previous trading day. Cross-guarantees are not allowed to count toward the $25,000 minimum.Any funds used to meet the $25,000 minimum have to remain in the account for two business days after any day they are required for trading. Pros and cons of day tradingThere are many risks to day trading, and many who step into this area of investing are unsuccessful. Because you're counting on market volatility to increase the value of stock buys with day trading, you always run the risk of losing money. The best you can do is make educated guesses about what will happen in the market, and that can always lead to losses instead of gains. Robert Johnson, professor of finance with Heider College of Business at Creighton University, describes day trading as the practice of placing "numerous bets on short-term price moves in securities. [Day traders] are properly classified as speculators and not investors.""The deck is stacked against the day trader and is stacked in favor of the long-term investor," says Johnson. "Over the long-term, investing in the stock market is a positive-sum game. That is, over the long run the value of stocks, both individually and collectively, generally rises. On the other hand, over the short-term, investing in any asset class is a zero-sum game."Yu says that loss management is important for being successful with day trading. He says preserving capital is paramount in not letting small losses turn into large ones. "If successful, day traders can make a lot of money in a relatively quick amount of time," Yu adds. "You can also work as much or as little as you want. Some traders can make money by just trading the open and then [taking] the rest of the day off."Is day trading right for me?Only you can determine if day trading is right for you. Certainly, you'll want to gather as much information and tools as possible that can help you be successful. These may include:A thorough education in finance, investing, and world marketsAccess to real-time market news, data, and the Electronic Communication Network (ECN), which provides the best-available stock quotes at any given timeSecurities price charts, analyses, and other technical data that can help you make informed decisionsA brokerage account that will allow you to make the volume of trades you need to achieve goalsEnough capital to make the kind of trades needed to turn a profitYou can get started day trading with a few hundred dollars, but the returns on trades of that size would be small. Making larger trades can result in larger gains and more in profit. Some other considerations include:How much time can you commit to day trading? As Yu stated, the research, monitoring, and trading activity can be a full-time job. However, you may be able to get to a position where you can hit your goals within a few hours. It all depends on your situation and the market. What kind of risks are you comfortable taking? If you're a conservative investor, day trading is most definitely not for you. A long-term strategy would work best for your goals. If you are comfortable with potential losses and feel that risk is worth what you could make in profits, then day trading might be something to look into. Again, it all depends on you. The financial takeawayDay trading is all about taking advantage of quick movements in the market and profiting off of buying and selling securities. It can take a lot of time and money to be successful in this endeavor, and anyone considering getting into day trading should do so with caution. This is an area of investment that is subject to extreme wins and losses. If you do want to try your hand at day trading, make sure you thoroughly understand the risks you could be taking and the markets you will be navigating, as well as have a plan to manage your capital through both good times and bad. Seeking out as much information as possible about day trading is also always a good idea.What are fractional shares and how do they work?What are cyclical stocks? High-profit but volatile stocks whose prices rise and fall as economy grows and declinesWhat to know about swing trading and how to minimize risks of this speculative trading strategyTrading and investing are two approaches to playing the stock market that bring their own benefits and risksRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 22nd, 2021

WeWork Execs Discuss Going Public, Path To Profitability And Adam Neumann

Following is the unofficial transcript of a CNBC exclusive interview with WeWork CEO Sandeep Mathrani and WeWork Executive Chairman & CEO of Softbank Group International Marcelo Claure on CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) today, Thursday, October 21st. Following is a link to video on CNBC.com: Q3 2021 hedge fund letters, conferences and more WeWork […] Following is the unofficial transcript of a CNBC exclusive interview with WeWork CEO Sandeep Mathrani and WeWork Executive Chairman & CEO of Softbank Group International Marcelo Claure on CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) today, Thursday, October 21st. Following is a link to video on CNBC.com: 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 WeWork Execs Discuss Going Public, Path To Profitability And Adam Neumann ANDREW ROSS SORKIN: Welcome back to “Squawk Box.” This morning, we're live at the New York Stock Exchange. We’re going to get right into our next big interview of the hour. You can hear the noise. WeWork is going public today on the New York Stock Exchange under the ticker symbol, “WE.” We're gonna, it's gonna be a long interview. We’re not going to be able to hear each other. It is a result of a SPAC transaction with BowX Acquisition Corp. It's also the culmination now of a year’s long process to reach the public markets and joining us right now live at the corner of Wall and Broad streets in lower Manhattan, WeWork’s CEO Sandeep Mathrani and Executive Chairman Marcelo Claure. Congratulations to you. This is one of the great turnaround stories. This was a company that, to be honest with you, I think a lot of people thought was going to be left for dead before you made your investment in it and then the pandemic and who would have thought that we'd be sitting here right now. For you Marcelo, having done Brightstar, Sprint, T-Mobile and now this, it’s quite something. But, but I'd ask you, when you made the investment in this company and life is relative, we're going to talk about the Softbank investment in a moment, do you think we would be here at this point this quickly? MARCELO CLAURE: I mean that was always the plan when you make an investment, when there's a great vision, the great asset to be disrupted, the goal is to eventually have a public company. It was, we got here in a different road that we haven’t anticipated but we're here and we're here celebrating with all of our employees which is marvelous. SORKIN: We're going to talk about that road in just a second but when he, he, he was the one who recruited you to take this job? SANDEEP MATHRANI: It was a decoy. He asked me to be a board member on my first meeting. We met at Salesforce Tower in San Francisco and then the following week we actually met for dinner and he said, would you be CEO? Without hesitation I said yes. SORKIN: Because why? MATHRANI: You know, WeWork is an amazing brand and if someone gives you a super brand to turn around, you're gonna have to say yes. It was always in demand. It was flexible space was in demand, so revenue was never a problem. Occupancy was never a problem. We’ve had an upside-down cost structure. So, for me, you know, to turn around a, you know, a brand like WeWork, was it would be an honor. It would be— SORKIN: The great irony of this story is actually that the pandemic might have actually accelerated your story and your growth. No? MATHRANI: Absolutely, you know, the pandemic allowed two things to happen. One, it's all about flexibility. No one wants long-term leases. No one wants, everyone wants a turnkey project. That's one end. Second is we build the All Access card could never have happened if it wasn't for the pandemic where people, you know, the ultimate of flexibility come as you want, when you want. And the third is who would have thought that WeWork could actually sell software. You know, 18 months ago if you told me that WeWork could sell software, I would have said no but the pandemic allowed our core business which is to sell a desk, sell an office, sell a conference room, you know, we were able to take and white label what we do for a living so the pandemic changed the business for us and made it top of mind to every CEO, CHRO and CFO so absolutely. SORKIN: Okay Marcelo, we talk about this as a turnaround story, but Softbank is in for about $16 billion. Today, that value is worth about $5 billion. Do you see a way back to break even? CLAURE: We have to correct, we're not in that 16 billion. We're about $10 billion if you look at the equity contribution. The important thing is fair to say that two years ago, the value of WeWork was zero. The company was on the verge of bankruptcy, company had run out of cash and the fact that we've taken from zero to evaluation circa $8, $9 billion in two years is great. Now, the future is bright like Sandeep had said. I’m just going to give you one data that you realize the power of WeWork. Second quarter, WeWork is less than 1% of all of London commercial real estate office space. We amount it for 37% of the leases so, that tells you that the future is bright, that tells you that people want a flexible workspace. People are using our all access cards to go. I visited WeWorks in Brazil this week full of people just testing different WeWorks so we feel extremely good. We have a great plan with Sandeep. This is it just one step in the, in the WeWork journey so we feel good about it. SORKIN: As you know, Masa Son has called this investment a mistake. Does he have a different view today? CLAURE: I think Masa is very excited. I think it was a mistake in the way we executed investment. Now it's our job to make sure that this becomes another investment that generates the right return for Softbank and I feel extremely confident that we will achieve that. SORKIN: Sandeep, explain to the, to the audience the path to profitability. Is the company that still hasn't, is still losing money but you think by 2022 it'll get there? MATHRANI: For sure, you know, you got to appreciate this company as I mentioned earlier had growing revenue and growing occupancy and upside-down cost structure and what we did through the pandemic was to correct the cost structure, right size the company, cut about $1.9 billion of costs. So, what we did was we designed the cost structure that should we just get back to the revenues we had in Q2 of last year, okay which was $900 million, we would be profitable. So, this is not a situation where we haven't been there, we haven't been doing occupancy, and if you see what's happened, you know Q2, Q3, you know, and that was going into Q4, revenues growing 10% to 15%, you know, a quarter and, you know, occupancy we'll get to the levels we were at Q1, Q2 last year, you know, sometime early next year. So, we will be profitable and this is before we had the All Access product. The All Access product, we have 32,000 members, gives us over $100 million of revenue a year, and this is before we launched and commercialized our, you know, our workplace management product so we feel pretty comfortable that we'll get there next year. SORKIN: Marcelo, we’ve talked about this as a drama, in fact, a, a rise, a fall and rise again story and one of the protagonists of the story is Adam Neumann who apparently this morning is throwing a bit of his own party, not here, but uptown a little bit. With some perspective now, how do you assess Adam and his role in all of this? CLAURE: So, I mean let's talk about the back, you know, Adam deserves credit. He was the visionary. Adam came up with the idea, the Softbank investment idea and then the next chapter came to bring somebody like Sandeep who can basically execute an amazing turn around plan so everybody has an important role to play here. Adam Neumann going forward, he’s a shareholder. I believe he has rights to be a board observer and we welcome anybody who comes up with ideas. At the end, you know, Sandeep is running the company, Sandeep has been the captain of this ship and I couldn't be more grateful for what Sandeep has accomplished in such a short period of time. So, Adam is just another shareholder. SORKIN: He owns about 10% of the company, and one of the questions that people have, even to this day, is what kind of leverage he had at the time that he made the transaction with you, to be able to keep that at a time when some people thought the company was as you said worth nothing. CLAURE: The story has to be told, right. Adam, as you know, had super majority shares and if you could make the decision to go to JP Morgan or to come with SoftBank. So, at the end, for whatever reason, he had all the power and Adam made a very wise decision which is basically to trust Softbank that has invested several billions on him and he was ordered to pass the baton to give us the keys for us to continue the journey so, you know, going forward, it’s a publicly traded company, independent directors, independent CEO. We're going to continue with this journey that still has a lot, it’s a long story to tell. You've said this a story with drama. Sure, this is a story where a lot of people wrote documentaries that it was the end of WeWork. Well, this, the resistance, the persistence of these people is incredible and this company is here. It’s stronger than ever and no doubt that we're going to be celebrating many more milestones. SORKIN: Becky's got a question for you back at HQ. Hopefully you can hear it over the din of all of your, your fans here. BECKY QUICK: Sandeep, I just wanted to talk to you a little bit about the leases. Obviously, the pandemic changed and moved a lot over time and I think it caught everybody a little off guard about how some of your, your big company clients came in and wanted the flexibility of being able to have a WeWork space so that they could kind of move and bob and weave through the times of the pandemic. How long is your average lease at this point? I just wonder how things change again once we come out the other side of the pandemic and companies maybe are able to have a more concrete plan about what they anticipate and what they expect. MATHRANI: So, you know, the, the enterprise clients actually the lease term went up during the pandemic so it's about 30 months. It’s almost two and a half years and if you think about our business in 2017, you know, where we had 90% of our leases month to month. Today only 10% are month to month and 90% have an average lease term of 15 months but the enterprise clients you were just referring to is 30 months. So, this resembles much more and I would say from a 10-year perspective in apartment business than it does of a dell business if you will, which is more short term. So, the lease terms are about two and a half years. SORKIN: Can both of you speak to this sort of new future of work and the idea of hybrid work not just here in the United States but what you're seeing in other places around the world where cultures are different. We've talked about how in certain parts of the United States, a lot of people are already back to work or even never, never stopped going to work, and how that's impacting the business and how you think that will change over time. MATHRANI: I mean, I think, you know, the future has been going through what’s flexibility and hybrid for the last 20 years. This is not new, it's like in the pandemic everything got accelerated. And if we think about pre pandemic, you know, at least in the United States and me, you know, people went to work 65% of the time. 35% they were on vacation, they work from home, they were traveling. And so, this whole thesis there it's gonna go from 65% or 50%. It's not a big difference in reality, and, and effectively people always did that. They always went for quiet work to a library or they stayed home or, or went to different places. It just got accelerated and so the thesis of, you know, the norm that seems to be heading is three days on, two days off from where you can work from anywhere, you know, it's actually great for us right so. SORKIN: But are you a believer that longer term companies will actually demonstrably shrink their headquarters and that actually becomes a benefit to WeWork or do you think they keep their headquarters? I mean, we're seeing, we're seeing two very different things. Google, by the way, buying up an enormous amount of real estate even here in New York. MATHRANI: I think it's industry related. Okay, I think if your industry is growing like the technology industry is growing, the FinTechs are growing, they're absorbing space from us at scale because they're growing that fast so their need for flexible space is they don't know how fast they're growing, okay, and they don't want to make a mistake. And on the flip, you have traditional companies who are downsizing because the industry was downsizing for the last 20 years. It’s not something unique and they again don't know what the utilization will be. So sort of uncertainty becomes certainty for us and I like to give this core relationship here, this comes from my retail backdrop more than anything else, you know, ecom was about 1% of retail sales in 2000 and 25% last year, and people think, you know, flex is going to be its own channel of distribution. It's about 2% today, going to 20% by 2030. So, I think flexibility will have its own channel of distribution. SORKIN: We got some data that's crossing just so I just want to ask you because we spent some time together when you first took on this role and you talked about software, this as a tech company, if you will, in the same way that Adam talked about it but in a different way in many ways. You guys are now trying to also be in the SAS business and this goes to potentially how the market is going to value this company over the long term. How big a business can the software piece of this become? CLAURE: It’s a good idea. So let’s start with, every, every disruptive business is affected that because tech is what enables this business when you've got to start booking a conference room or a room by the hour, by the day, by the month, that's basically utilizing technology to predict how many people are going to go to a building and so on. What we didn't come to realization is the demand for flex space is so large, enterprise customers are now setting up their businesses to be, to be a flexible workspace so they don't know how to do it so they don't do WeWork. We've been doing this for the last five years. We've had an amazing software and now we're starting to sell the software as a service in which we're starting to power a lot of the enterprise, a lot of the landlord. The growth in flexible workspace, commercial real estate, the largest asset class, what you’re going to see is 30% of the commercial office real estate is going to be flexible, so WeWork has a role whether it's our building, whether we're managing somebody else's building or we’re powering those buildings utilizing our software. So, software as a service will be a very important part of our business going forward, is a high profitability business and high repeat business. SORKIN: I want to congratulate you on this milestone. We do look forward to following your progress and the stock itself. Sandeep and Marcelo, thank you guys. CLAURE: Thank you. MATHRANI: Thanks Andrew. Updated on Oct 21, 2021, 10:35 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: valuewalkOct 21st, 2021

Jim Chanos: China"s "Leveraged Prosperity" Model Is Doomed...And That"s Not The Worst Of It

Jim Chanos: China's "Leveraged Prosperity" Model Is Doomed...And That's Not The Worst Of It Authored by Lynn Parramore via The Institute for New Economic Thinking, Famed short-seller is even more concerned with political fallout from Evergrande than economic/financial woes. Renowned short-seller Jim Chanos, founder of Kynikos Associates, is what you might call the “ever-bear” of China. For more than a decade, he has warned that the country was building a real estate-driven economy on a feeble house of cards. He spoke to the Institute for New Economic Thinking’s Lynn Parramore about how he views the chickens coming home to roost as the property giant Evergrande – now the world’s most indebted property developer — teeters on the verge of collapse. Lynn Parramore: Back in ’09, when you started looking at China, your real estate analysts alerted you to the mind-boggling amount of real estate overdevelopment there. You warned that this overdevelopment would end badly. After Xi Jinping became president in 2013, you expressed the then-minority view that a different kind of leader had arrived on the scene. What’s your take on what has happened since then? Jim Chanos: In 2013, we put a slide in our presentation for investors and talks that was very controversial – especially for Chinese nationals. It showed President Xi Jinping in emperor’s garb. People thought we should take it out, that it was offensive. At the time, Xi was widely seen as just the latest in a series of technocrats who had risen through the ranks — one who would follow along with Deng Xiaoping’s reforms. It’s “capitalism with Chinese characteristics.” It’s okay to get rich as long as the country prospers. But a few things made us think, no, this guy is different. His first speech in China after becoming president was critical of the Soviet Union for being soft on perestroika. They should have crushed it when they had the chance, he said. Xi then set up an institute to study the Soviet Union’s collapse. That was a red flag to us that he was going to be more hardline than people thought. He went on to do an anti-corruption drive, which people dismissed as a typical settling of scores that Chinese leaders do. But it actually extended beyond that. A couple of years later, he began talking in Puritanical terms about social issues. Again, that was different. Nobody had cared about that stuff for 20 years. Do what you want as long as you don’t question the party. Next, we had the book collecting his speeches and writings, which people could be seen carrying around. He started showing up in military events dressed in Mao jackets. This symbolism isn’t lost in China. We noticed all this, but the real switch occurred in 2019 when he started going after celebrities like Jack Ma [co-founder of Alibaba]. At that point, it was clear that this president was not stepping down at the end of 10 years. He was taking a much harder line on the “flowers of capitalism,” if you will, than past presidents. In 2021, all of this exploded into the open. There’s been initiative after initiative. Redistributing wealth to the masses. Going after other leaders. Overlaid on top of this is the Evergrande saga. LP: Let’s talk about Evergrande, the Shenzhen developer whose crisis has got everybody worried. How did things get so bad? JC: Last year, as the tech crackdown was gaining momentum, Xi’s administration put down a set of rules called the “three red lines.” They were sort of balance sheet financial tests. It was an attempt to deleverage the real estate developers. LP: Which means he knew something was wrong. JC: Well, here’s the problem. I always joke that when you have an investment-driven economic model, you know your annual GDP on January 1st of that year, because you can stick shovels in the ground to make your growth numbers. That’s how the model works. It’s not a consumption-based model. As we now know — and the Wall Street Journal just had some phenomenal numbers in a recent piece – that real estate construction is now larger than it was when he took office. I would always hear, well, don’t worry: these are smart guys, technocrats who see the problem and will wean themselves off this apartment construction-on-steroids. But they haven’t. LP: Why haven’t they been able to slow it down? JC: Since we started following China at the end of ’09, this is the fourth time that they’ve attempted to slow the real estate market down, because they do know that this is going to be basically too big to deal with if it keeps growing at the rate it’s growing. But every time they’ve done it, the economy has hit stall speed very quickly, and they panicked. They went from hitting the breaks to hitting the accelerator. That’s why we’ve seen higher levels of real estate. The idea that “I can’t lose buying apartments” became ingrained with bankers, real estate speculators, and the public. LP: So with Evergrande, everyone came to expect a bailout? JC: I think we’re at that crossroads. The problem is that these companies are so much bigger than they were in 2015 or 2011. Can you bail everybody out? In the case of the developers, you have an additional problem. The biggest amount of liabilities is not necessarily to banks and bondholders. It’s to apartment buyers. Here’s why: the Chinese real estate finance system is exactly the opposite of ours. In our system, when there’s a new development, you’re typically required to put 10% down to sign a contract, with the balance due on closing. You go get your financing and your mortgage proceeds pay for the rest of the house or the apartment. In China, you pay upfront. You are extending the developer a loan. So, of the $300 billion in liabilities Evergrande owes, I think the biggest chunk, last time I checked, is basically what we would call a deferred revenue item. It’s money that you took in from people, and you owe them an apartment. And the apartments aren’t done, but the money’s been spent. So the problem is not just bailing people out, but the question of who is going to put up more capital to pay off the retail people that have bought apartments that haven’t gotten anything. These numbers are big, and Evergrande is not the only one. There are a handful of developers that are missing interest payments and have their bond prices reflecting distress. LP: How much has corruption played a role in this mess? JC: That’s a problem with their economic model focusing so much on real estate. Because they don’t have a local tax system, like property taxes, the local governments sell land to pay for local services. But whenever you have private developers buying land from municipalities controlled by one party, yeah, it’s ripe for corruption. We know that’s rampant in China. LP: How do you view the policy reaction to Evergrande? JC: So, what do the policymakers do? It’s not a Lehman moment in that there’s not a lot of cross-border interbank lending here. The Chinese system is still pretty much a closed financial system. That’s not the risk. During the Global Financial Crisis [GFC], what brought us to our knees was the liability side of the banks’ books. They couldn’t roll over the loans to each other because no one trusted the assets. Here, it’s the assets. I think that if they try to inflate it again, if they try to bail it out again, we’re only going to be right back in this soup in another two or three years, with even bigger problems. LP: Is this only a problem with the real estate sector, or is it more extensive? JC: Based on our analysis of the numbers – and you have to take the Chinese numbers with more than a shaker of salt – we’ve long thought that residential real estate was probably 20% of GDP and that all in, real estate construction and related services was about 25%. Ken Rogoff came out with a study last year that said it was 29%. That’s already a huge amount compared to other countries. Well, the numbers that the Wall Street Journal just put out were staggering, implying that there were 1.6 million acres of residential real estate under construction. If you do the math, it’s the equivalent of 72 million apartments. We believed that they were selling 20 million a year, but the WSJ story seems to imply that the numbers are actually much, much bigger. That tells me that our numbers and Rogoff’s numbers regarding GDP are probably on the low side. It could be a 30-40% problem, not a 20-25% problem. It’s just magnitudes bigger. We’ve never seen anything like this. And there’s no game plan, no historical analog. Maybe Tokyo in ’89? But this is worse than that. It’s worse than Spain in ’06 or Ireland in ’06. We’ve just never seen an economy this dependent on putting up apartment buildings — apartments that nobody is residing in. Everybody already has an apartment! These additional ones are second and third apartments at this point, and only for people who can afford them because they’re extremely expensive. I think the Chinese government has convinced themselves that by borrowing lots of money from their own citizens and elsewhere, that there’s ongoing activity that is sustainable. But as we find out in every real estate bubble that bursts, when your activity is constructing real estate itself and you’re taking capital and turning it into income by paying construction workers and real estate brokers and everybody else, when that activity ends, it goes poof! And there’s no income from the asset you’ve just financed. It’s not like building a factory where you have demand for your products. It’s just apartments sitting empty in Beijing or Shenzhen. LP: How does this problem relate to Chinese politics? JC: As all of this is happening on the financial and economic front, along with the crackdown on business elites, we’ve seen a commensurate rise in bellicosity, in saber-rattling toward Taiwan, India, and Tibet. We’ve seen a much more aggressive posture from Xi in relating to the West. Now every day there’s a warning in one of the Chinese Communist Party organs threatening Australia if they come to Taiwan, threatening Japan. I don’t know if the Party is preparing the citizenry for a “them.” Someone to blame. LP: As we’ve seen with the pandemic already. JC: Yes, and in the way they’ve treated the West’s outrage about the concentration camps in Xinjiang province. That’s the classic authoritarian move. We know it from our own country. Blame someone. “It’s their fault, not our fault.” We need an enemy. I don’t know how real the saber-rattling is. Is it a distraction from domestic belt-tightening that’s coming? Planting the idea that we’re going through hard times because the whole world is against us? We’ll see. It’s an incredibly interesting time to be watching China. LP: What does it all mean to the rest of the world? JC: Again, I think it’s not a financial transmission issue reverberating through the financial systems and markets. I do think that it will affect global growth. China was a full point of the 3% global real growth we’ve had since the GFC. Without China, it’s 2%. So China itself, by growing 7 or 8% a year was a disproportionate amount of global growth. It’s also going to impact what I call Greater China, which is Taiwan, South Korea, Singapore – the areas that trade very actively with China. And it will definitely impact commodity exporters. In this massive build-out, China has continued to suck in iron ore and copper and all kinds of things from a variety of different countries like Brazil and Australia. But I think that the impact might be more political than financial. That’s what worries me. LP: How would you characterize these worries? JC: It’s the rise of bellicosity, the rise of a more militant China as the economy and the financial situation has gotten more precarious. That’s a 1930s kind of problem. We know that a rise in authoritarianism and statism around the world was one of the upshots of ’29-’32. You had leaders saying, “I’m the one that can get us out of this problem” and “They are the ones who got us here.” This situation in China is a little bit frightening to the student of history, because there’s no doubt, whether you’re flying over Taiwan airspace or coming close to ships in the South China Sea, that there’s a rise of tensions in and around China. I don’t think it’s a coincidence. LP: To touch on Xi’s crackdown on the tech industry, how do you view that in the context of the need to lessen this dependency on the real estate sector? Certainly, we can see in our own case with Silicon Valley — Facebook and so on — that poorly regulated tech is a problem. But what does Xi’s stance mean in the context of his desire for China to be a leader in innovation, on the cutting edge of technology? JC: That was always one of the responses to our concerns about the investment-driven model. People said, well, everyone does everything on their smartphone in China. They’re far more advanced in social media than we are and more advanced in payment systems, and so on. The problem was that, number one, it gave rise to these global tech celebrities, and number two, I think China, or the Party, realized a little bit later than they might have that the control of databases and information that these companies have is certainly a power center. And the one thing that the Communist Party cannot brook is a threat to its control. There are no other political parties, no free press. The only thing that could challenge control is the thing that people said would liberalize China – the internet. Access to the internet, access to ideas, access to global media. People thought these things would democratize China, but Xi is saying no: we’re going to put up a Great Firewall and we’re not going to allow Alibaba to have as much power as the Party. LP: And it looks like he’s going after the banks next. JC: The real estate system is so big, and so levered – the banking system has grown with it, of course. It seems to me that Xi is basically going through all the power centers — technology, finance, etc., and cracking down. He’s making sure his people are completely in charge and that there’s no interference, no other power centers. And it makes me ask why. What’s the end game? I mean, the Party has control of the country for the most part. The citizens understand that. So why? What is coming that he feels he needs to make sure that all of his people are in control? I can’t help but think of Stalin. The end game puzzles me the most. Is it to prepare for a takeover of Taiwan? To be more forceful on the international stage? I don’t know. LP: What is distinct about China’s vision of capitalism in the context of a one-party system? What are its particular features and challenges? JC: What distinguishes China and what makes it so unique from my perspective, putting on the financial historian’s hat, is that the speed at which they developed was unprecedented, and the amount of risk they have taken to do that is unprecedented. Their banking system is now the largest in the world. The amount of real estate construction is just completely insane, and until, perhaps, this past 12 months, we haven’t seen a real, serious effort to say, “Maybe we should rethink this fantasy where everybody is going to have six apartments. Maybe we need to do other things in our economy to balance it out.” How are they going to deal with the transition? Because they’re going to have to do it at some point. I think it’s going to be fascinating to see how they try to get out of it. Do they switch spending to defense spending? Do we get an arms race? Can they keep a closed currency? There are a whole lot of big questions. They’ve got to make some tough decisions on how the economic model is going to work going forward. In the late ‘80s, everybody thought Japan was going to surpass the U.S., but they had the same problems – a banking system that was bloated, real estate prices too high, too dependent on exports, and they’ve had 30 years of muddling through. The idea that China is going to be growing 6 or 7% while the rest of the world is growing 2% just has to be revisited. It’s not gonna happen. That realization is going to be the bucket of cold water that’s going to force them to rethink next steps. The population has been used to this leveraged prosperity, and everybody has borrowed money to buy real estate. What are the next steps? It’s otherworldly what they have done with real estate. Whatever happens, it’s going to be severe somehow. Whether it’s politically or financially — whatever it is, it’ll be severe. Tyler Durden Wed, 10/20/2021 - 22:10.....»»

Category: blogSource: zerohedgeOct 20th, 2021