Day: July 4, 2020

Posted in Business

Does Mirror Acquisition Make Lululemon Stock a Buy Again?

Lululemon (NASDAQ:LULU) has been lagging since the company reported earnings in early June. However, LULU stock caught a bid on June 30, on news that it will acquire Mirror for $500 million.

Does Mirror Acquisition Make LULU Stock a Buy Again?

Source: Sorbis / Shutterstock.com

Shares closed off the highs, but still climbed 6% on the day. Why the enthusiasm? Because Lululemon bought into a growing secular theme that plays nicely with its current business model.

Breaking Down the Deal

Mirror is an at-home workout startup. Like its name implies, the company’s lead product is literally a giant mirror that also plays video. That video allows instructors to lead live classes, giving a gym-like experience to users who are at home.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

It’s sort of like Peloton (NASDAQ:PTON), shares of which have exploded higher in 2020

Read More
Posted in Business

8 popular Disney movies on Netflix that you can watch right now

8 popular Disney movies on Netflix that you can watch right now
8 popular Disney movies on Netflix that you can watch right now

If you haven’t subscribed to Disney+ but are missing those magical movies, you’ll be glad to know that Netflix is still showing a handful of Disney films.

The streaming service offers a varied collection of Disney features, from traditional animations to newer live-action hits. While all these will likely migrate to Disney+ in the future, now’s the time to catch them on Netflix while you still can.

Get ready to use your imagination as we take a closer look at eight Disney movies you can watch via Netflix right now.

1. The Princess and the Frog

Image: Moviestore / Shutterstock

In 2009, Disney graced the world with Tiana, its first Black princess. She’s bold, hardworking, and a true icon due to her perseverance and down-to-earth personality.

Tiana’s story takes place in 1920s New Orleans, where she dreams of

Read More
Posted in Finance

Dave Nadig Breaks Thematic ETFs Success On Yahoo Finance

This article was originally published on ETFTrends.com.

Total ETF flows are $202 billion year-to-date through the end of June. June alone saw $58.5 billion. The story has remained the huge numbers going into bonds. ETF Trends Director of Research and CIO Dave Nadig joins Yahoo Finance’s Sibile Marcellus on “The Ticker” to breakdown the ETFs to watch in the second half of 2020.

Keeping bonds in mind, $31 billion went into US fixed income (and $11 billion into U.S. equities). Some of that is the Fed, as it has purchased $6.8 billion worth of corporate bond ETFs year-to-date, and other investors have been piling on behind them. 

As Nadig points out, the Big Winners here have been the Vanguard Intermediate Corporate ETF (VCIT), which pulled in $5.7 billion in June, and the iShares iBoxx USD Investment Grade ETF (LQD), which had $3.5 billion in inflows.  

Read More
Posted in Personal

Done with Facebook? Consider MeWe, Parler or old standbys such as LinkedIn

MeWe is a social network that says it has no ads, spyware, targeting, political bias, or newsfeed manipulation. In other words, it bills itself as the “anti” Facebook. 

Parler is a social media app with one point of view: conservative. It’s a place for folks who don’t like the spin at Facebook, or as it describes itself, “free expression without violence and a lack of censorship.”

So maybe, like Coca-Cola, Unilver, Starbucks and other corporations, you’ve had it with Facebook and its policies about either not curbing hate speech, or if you’re on the other side of the aisle, censoring free thought. 

Where to go? We have some ideas for you. 

MeWe bills itself as the "anti-Facebook."
MeWe bills itself as the “anti-Facebook.”

Controversy: Trump’s Twitch channel suspended, and Reddit bans pro-Trump online group

Social: Facebook, social media under more pressure from brands over hate speech

LinkedIn

Yes, that network that for years was thought of

Read More
Posted in Business

The booming business of encrypted tech serving the criminal underworld

Criminals have turned to supposedly secure encrypted smartphones rather than normal messaging services - PA
Criminals have turned to supposedly secure encrypted smartphones rather than normal messaging services – PA

For the astonished detectives it was like “getting the keys to Aladdin’s cave”. Over the last few years, senior arms dealers and drug traffickers across Europe had come to rely on EncroChat, a shadowy tech company selling hyper-secure smartphones offering “guaranteed anonymity”.

Assured of their safety, crooks discussed products and prices in exhaustive detail, without the usual codewords. EncroChat’s steep subscription fees, running to thousands of pounds every year, were an offer no self-respecting contraband logistics professional could afford to refuse.

That is why EncroChat’s systematic infiltration by British and European police forces, finally made public on Thursday after more than 740 arrests, was an intelligence coup equal to the Enigma breakthroughs of the Second World War. One underworld insider, speaking to Vice News, was eloquent in their brevity: “People are f—–.”

EncroChat is far

Read More
Posted in Personal

Indie Rapper D Prince Talks Love for Reebok Classics and the Sneaker Brand He’ll Never Wear

Click here to read the full article.

Although several albums hit streaming platforms released yesterday, Brooklyn, NY-based indie rapper D Prince — an emerging artist who is also an avid footwear and fashion fan — felt it was more appropriate to deliver his latest project, “Handsome Villain Vol. 1: Dawn Of A Prince,” on the Fourth of July.

“I chose to drop the album on Independence Day because it’s a metaphor that relates to my freedom as an indie artist. I did all of this with no big time manager, no label, no PR person, no law firm, and no booking agent — just me,” he said. “I love having the freedom to create art and put it out whenever I want. You can never put a price on that.”

More from Footwear News

The rapper’s new 14-song effort, which he said will sound fresh among the sounds of today

Read More
Posted in Insurance

Hoboken Mayor Cites New Coronavirus Spike, All From Travelers

HOBOKEN, NJ — Hoboken Mayor Ravi Bhalla sent out an “important update” to residents Saturday morning saying the Heath Department reported 13 new coronavirus cases Thursday and Friday, the most since mid-May. He said all of the people who tested positive had recently — it was determined during contact tracing — traveled for work and pleasure to “hot spot” states where coronavirus is rising.

Bhalla said they’d traveled to states on the quarantine list of 16 states, including Florida, Texas, North Carolina, and South Carolina. New Jersey residents returning from those states have been told to get a coronavirus test and isolate for 14 days. Some of those states loosened their coronavirus restrictions early and now have reinstated orders to close bars and beaches.

In the middle of June, Hoboken had a week in which the city saw only one new coronavirus case — before the mass reopenings and travel

Read More
Posted in Business

Yoox Net-a-Porter CEO Federico Marchetti, E-Commerce Pioneer, on the State of Shopping

Click here to read the full article.

One business’s loss is another’s gain. When Covid-19 forced brick-and-mortar shops to close their doors this spring, a boom in online sales ensued. As a pioneer of online shopping, Federico Marchetti, CEO and chairman of Yoox Net-a-Porter Group, was well-equipped to navigate the sea change. In 2000, Marchetti founded Yoox, one of the first online-only shopping destinations, and in 2015, he drove a merger with Net-a-Porter to create the e-commerce titan that he leads today.

Marchetti is credited with introducing a number of e-tail practices that are now industry standards—from creating digital flagships for marquee brands to selling high jewelry and watches online. YNAP group—which comprises Yoox, Net-a-Porter, Mr Porter and The Outnet and was acquired by Richemont in 2018—is the e-commerce market leader, with more than 4.3 million customers in 180 countries and one billion visits to its websites annually.

More from

Read More
Posted in Finance

2020 graduates face uncertain job market with hope

NASHVILLE, Tenn. – If everything had gone according to plan, Missy Wood thought she’d have a job helping at-risk youths by now. 

Wood, a recent graduate of Middle Tennessee State University, saw her internship with Court-Appointed Special Advocates end abruptly in March as the COVID-19 pandemic took root in Tennessee. She started applying for jobs with the Department of Children’s Services and similar organizations in April.

By the time she graduated in May, new job postings for her chosen career had all but disappeared.

Wood is one of the thousands of graduates across the nation who face a turbulent job market amid the novel coronavirus pandemic. More than 47 million Americans have filed jobless benefit claims since the middle of March, according to the Labor Department.  

Eli Kellum, 7, climbs on the back of babysitter Missy Wood in the Kellum family's backyard in Murfreesboro on June 18, 2020, as the two play on the trampoline. Wood has been looking for work since April but has not been able to find any child-focused social work positions since graduating from MTSU in May. After the pandemic hit, job postings for her planned career seemed to disappear.
Eli Kellum, 7, climbs on the back of babysitter Missy Wood in the Kellum family’s backyard in Murfreesboro on June 18, 2020, as the
Read More
Posted in Personal

Virus Surges in Arizona, but the Rodeo Goes on

Testing for the coronavirus at a drive-thru testing site in Phoenix, Ariz., on Saturday, June 27, 2020. (Adriana Zehbrauskas/The New York Times)
Testing for the coronavirus at a drive-thru testing site in Phoenix, Ariz., on Saturday, June 27, 2020. (Adriana Zehbrauskas/The New York Times)

PHOENIX — As infections surged through Arizona’s desert landscape this week, word spread that the Round Valley Rodeo, a century-old tradition luring calf ropers, youth riders and big crowds to the mountain town of Springerville, might be called off. The fate of the Fourth of July parade in the nearby hamlet of Eagar seemed in doubt, too, as Gov. Doug Ducey prepared to issue new pandemic guidance.

But Ducey stopped short of ordering a halt to such events, and as of Friday, he had not required Arizonans to wear face coverings in public spaces, as Texas did Thursday. The rodeo and parade will march ahead Saturday as planned, even as infections in the state spiral.

Such is the way fiercely independent Arizona has handled the virus from the

Read More