Author: arthursheikin@gmail.com

[ad_1] New York CNN  —  Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the activewear giant announced Thursday. The tariffs “represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer on a call with analysts, adding that the company will “fully mitigate” the cost by reducing its supply chain reliance on China – and by passing the costs onto customers with price increases. Although China “remains important to our global source base,” he said, the company is reducing the imports of footwear to the United…

[ad_1] This as-told-to essay is based on a conversation with Anders Kurtén, the 54-year-old CEO of Fraser Yachts, based in Monaco. It’s been edited for length and clarity.I became the CEO of Fraser Yachts in 2023. We’re the world’s largest yacht brokerage with dual headquarters in Monaco and Fort Lauderdale.I’ve been told I was carried aboard my grandfather’s mahogany sailing boat when I was just a few months old. Growing up in Finland, our summers were spent on the Baltic Sea.I didn’t consider turning that passion into a profession at first. My career began in the mid-90s, building websites in…

[ad_1] The US manufacturing sector has been in decline for years. President Donald Trump’s import tariffs are unlikely to fix it — but robots or AI could.In a note on Thursday, Goldman Sachs analysts said that what the economy needs is a technological makeover.”A pickup in the pace of innovation remains the catalyst most likely to reverse the long-run stagnation in manufacturing productivity,” the Goldman analysts wrote.The analysts wrote that while China’s rise in manufacturing hurt US factories, fading “easy gains” from the manufacturing of computers and electronics also played a role.While Trump’s tariffs could help boost productivity in domestic…

[ad_1] I support Starbucks’ new policy to charge for the extras in your drink. Don’t hate me — let me explain!For many things, I don’t mind paying a little more to benefit society. I know my taxes pay for things like schools and the military, and I think that’s just fine. I pay the same gym membership fee as someone who goes every single day — in a sense, I’m subsidizing the swole. And I’m fine with that.But there is a limit to even my strongest socialist impulses. I refuse to subsidize your disgusting Starbucks custom order, with its extra…

[ad_1] The video opens with Isaiah Granet hanging up a payphone in wine country in Napa, California. A vintage car shaped like a rotary telephone rolls into frame.It’s not a surrealist short or an art school final project. It’s a launch video for a startup.The classic “We’re excited to announce —” funding post is getting the TikTok treatment. Bland, an AI startup making phone agents, is one of an increasing number of tech startups — mostly led by Gen Z founders — that are swapping static social media posts for slick launch videos to promote their venture rounds.With media coverage…

[ad_1] For decades, research has warned of a “motherhood penalty” in the workplace: women who have children are sometimes viewed as less committed and less competent, diminishing their chances of promotions or raises.However, a new major study found the script may be outdated — and that parenthood may actually help some employees.A paper published in the Journal of Experimental Social Psychology found no evidence of a motherhood penalty in a series of large-scale experiments. It was authored by Christopher D. Petsko, an assistant professor of organizational behavior at UNC Chapel Hill; Rebecca Ponce de Leon, an assistant professor at Columbia…

[ad_1] I graduated from college with a strategic communications degree and an overly confident mindset that I would be the absolute best new hire at any company I wanted to work for.I had three internships under my belt from my four years in college, all directly related to my degree. I had great references. And, what I thought was most important, I had an absolutely relentless drive to make it big at an ad agency. I was ready for the real world. Or so I thought.I graduated without a job, and the search was toughI spent the next few weeks…

[ad_1] CNN  —  The US economic engine sputtered in May: Consumer spending slowed for the first time since January, according to new data released Friday that also showed inflation heated up on an annual basis. Friday’s report from the Commerce Department showed that consumer spending fell 0.1% last month after rising 0.2% in April. A nearly 50% drop-off in car sales was a significant driver of the May spending retreat — consumers rushed to dealerships to buy cars in March and April, fearing that President Donald Trump’s tariffs would send those costs soaring. Friday’s report also showed that consumers also…

[ad_1] Jobs are scarce and wages are stagnant for white-collar workers compared to the boom of a few years ago.White-collar job postings nationwide are shrinking faster than their blue-collar equivalents, Revelio Labs, a workforce intelligence company, found. Those postings fell 12.7% compared to blue-collar’s 11.6% between Q1 2024 and Q1 2025.Office workers are seeing fewer open roles for titles like information specialists, sales representatives, and business analysts. These business and IT roles are seeing the largest decline as the labor market grapples with slowing job growth.Several white-collar roles were on Revelio’s list of occupations that had the biggest declines in…

[ad_1] New York CNN  —  On April 8, when stocks were on the verge of plunging into a bear market, few Wall Street experts were predicting that the market would hit a record high just 80 days later. That’s what the market appears to be set to do Friday. The S&P 500 is on pace to open in record territory. If it closes there, the market will set its first all-time high since February 19. S&P 500 futures gained 0.3%. The index closed within 3 points of a record Thursday. Futures for the Nasdaq Composite index gained 0.4%, also on…