‘Sleep box’ Mark Zuckerberg invented launched on Kickstarter, raised more than $100,000 so far

Greg Hovannisyan did just that — he and a team engineers and builders developed a prototype for Zuckerberg’s sleep box and launched a Kickstarter campaign to fund the production in June. When Mark Zuckerberg throws out an idea for a business, it doesn’t take long for an entrepreneur to turn it into a reality. Early bird pricing for the basic Zucklight is $29, which is more than half off the expected $60 retail price, according to the Kickstarter campaign. Early bird pricing for the Zucklight Plu


Greg Hovannisyan did just that — he and a team engineers and builders developed a prototype for Zuckerberg’s sleep box and launched a Kickstarter campaign to fund the production in June. When Mark Zuckerberg throws out an idea for a business, it doesn’t take long for an entrepreneur to turn it into a reality. Early bird pricing for the basic Zucklight is $29, which is more than half off the expected $60 retail price, according to the Kickstarter campaign. Early bird pricing for the Zucklight Plu
‘Sleep box’ Mark Zuckerberg invented launched on Kickstarter, raised more than $100,000 so far Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: catherine clifford
Keywords: news, cnbc, companies, light, sleep, hovannisyan, 100000, raised, mark, kickstarter, launched, invented, team, far, box, expected, according, zucklight, product, retail, zuckerberg


'Sleep box' Mark Zuckerberg invented launched on Kickstarter, raised more than $100,000 so far

Greg Hovannisyan did just that — he and a team engineers and builders developed a prototype for Zuckerberg’s sleep box and launched a Kickstarter campaign to fund the production in June.

Zuckerberg said “a bunch” of his friends seemed interested in having one, so he posted his creation on Facebook “in case another entrepreneur wants to run with this and build sleep boxes for more people,” he said.

In April, the Facebook CEO shared that he built his wife, Priscilla Chan, a device he called a “sleep box,” a wooden box that sits on the bedside table and emits a soft light between the hours of 6 a.m. and 7 a.m., when it’s time to go get theit kids. That way Chan doesn’t have to constantly wake up and check the time on her phone.

When Mark Zuckerberg throws out an idea for a business, it doesn’t take long for an entrepreneur to turn it into a reality.

By May 18, Hovannisyan had a prototype, on June 13 he launched the Kickstarter campaign and with 27 days left it has already raised $108,000, more than 21 times its $5,000 goal.

In fact, two hours after launching on Kickstarter, the project was fully funded, a spokesperson for the company tells CNBC Make It. Hovannisyan has also received partnership offers from “various” distributors, according to the spokesperson, who declined to disclose specifics.

Hovannisyan hosted an online question-and-answer session about Zucklight on the popular product innovation discussion platform Product Hunt on July 3 and it was the No. 1 product of the day, which is a ranking determined by community votes.

Hovannisyan and the founding team are Armenian, so the Zucklight is being developed by team of engineers in Armenia. The company’s headquarters, meanwhile, are in New Jersey.

Early bird pricing for the basic Zucklight is $29, which is more than half off the expected $60 retail price, according to the Kickstarter campaign. Early bird pricing for the Zucklight Plus, which includes wireless charging, is $39, which is more than half off the expected retail price of $80. The Zucklight Pro, which has wireless as well as environmental sensors to measure the level of humidity, carbon dioxide and temperature in the room as well as alerts, is available to early bird backers for $47 and is expected to retail at $100.

The Zucklight comes in light oak, mahogany or white aspen and customers can select the color and brightness for the light with a related app. The color of the light can be programmed to change as time progresses, so it can glow green at 6 a.m. and red at 7 a.m., for example, according to a video accompanying the campaign.

As of Tuesday, 1,951 backers have contributed $108,313.

Prior to launching Zucklight, Hovannisyan has invested in IT and specifically security technology. In 2006, he started a technology security and networking company which does work for, among other customers, government offices, according to his bio on Kickstarter.


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: catherine clifford
Keywords: news, cnbc, companies, light, sleep, hovannisyan, 100000, raised, mark, kickstarter, launched, invented, team, far, box, expected, according, zucklight, product, retail, zuckerberg


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‘Avengers: Endgame’ within $7.1 million of ‘Avatar’ record ahead of San Diego Comic-Con

In just a few days, Marvel is expected to take the stage at Hall H at San Diego Comic-Con to unveil its next phase of superhero films. Over the weekend, Disney reported that “Endgame” had reached $2.780 billion, just $7.16 million shy of “Avatar’s” $2.787 billion record. Another feather in Marvel’s cap is the success of “Spider-Man: Far From Home.” On Sunday, Sony reported that “Spider-Man: Far From Home” had earned $847 million globally. This is just under the $880.2 million “Spider-Man: Homeco


In just a few days, Marvel is expected to take the stage at Hall H at San Diego Comic-Con to unveil its next phase of superhero films. Over the weekend, Disney reported that “Endgame” had reached $2.780 billion, just $7.16 million shy of “Avatar’s” $2.787 billion record. Another feather in Marvel’s cap is the success of “Spider-Man: Far From Home.” On Sunday, Sony reported that “Spider-Man: Far From Home” had earned $847 million globally. This is just under the $880.2 million “Spider-Man: Homeco
‘Avengers: Endgame’ within $7.1 million of ‘Avatar’ record ahead of San Diego Comic-Con Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: sarah whitten
Keywords: news, cnbc, companies, spiderman, san, record, run, film, surpass, marvel, diego, million, avengers, sony, ahead, avatar, 71, billion, endgame, far, comiccon


'Avengers: Endgame' within $7.1 million of 'Avatar' record ahead of San Diego Comic-Con

If the stars align, and it appears they will, Disney’s “Avengers: Endgame” will soon be the top-grossing film of all time, “Spider-Man: Far From Home” will cross $1 billion at the global box office and Marvel will continue to solidify itself as one of the most successful film franchises in industry history.

And there’s more to come.

In just a few days, Marvel is expected to take the stage at Hall H at San Diego Comic-Con to unveil its next phase of superhero films.

Over the weekend, Disney reported that “Endgame” had reached $2.780 billion, just $7.16 million shy of “Avatar’s” $2.787 billion record. At this point, it seems inevitable that “Endgame” will surpass that figure.

After all, “Avengers: Infinity War” was released in April of last year, near the same date as “Endgame’s” debut this year, and ran through the first two weeks of September. Analysts have long predicted that “Endgame” would run until at least Labor Day.

Another feather in Marvel’s cap is the success of “Spider-Man: Far From Home.” The film is a collaboration between Marvel Studios and Sony, part of a deal struck between Sony’s Amy Pascal and Marvel’s Kevin Feige in 2015.

Sony would finance and distribute the film, but Marvel would produce the film, overseeing the story, picking the director and tying it in to the rest of the Marvel Cinematic Universe. While Disney doesn’t receive any box-office money from the film, it does still own the merchandising rights to the character — toys, clothing tie-ins and other merchandise all go into Disney’s pocket.

On Sunday, Sony reported that “Spider-Man: Far From Home” had earned $847 million globally. This is just under the $880.2 million “Spider-Man: Homecoming” made during its entire run in 2017. Expectations are that “Far From Home” will surpass $1 billion before leaving theaters this summer.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: sarah whitten
Keywords: news, cnbc, companies, spiderman, san, record, run, film, surpass, marvel, diego, million, avengers, sony, ahead, avatar, 71, billion, endgame, far, comiccon


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Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year

So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. Below is a running list of some of the most significant retail store closure announcements so far this year. Luke Sharrett | Bloomberg | Getty ImagesPier 1 Imports is planning to shut 57 stores in 2019, and potentially more. Drew Angerer | G


So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. Below is a running list of some of the most significant retail store closure announcements so far this year. Luke Sharrett | Bloomberg | Getty ImagesPier 1 Imports is planning to shut 57 stores in 2019, and potentially more. Drew Angerer | G
Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: lauren thomas
Keywords: news, cnbc, companies, company, shut, retailers, far, locations, heres, getty, 2019, retailer, closed, closures, stores, close, whats, store, 12000, brands, accelerate


Store closures accelerate and may top 12,000 in 2019. Here's what's closed so far this year

Paul J. Richards | AFP | Getty Images

Despite the year being more than halfway over, the pace of store closures doesn’t appear to be slowing down in the retail industry. More companies piled on the bad news this week. So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. And the tally could top 12,000 by the end of 2019, setting a new record, Coresight says. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. With the back-to-school shopping season and winter holidays looming, most retailers planning to shut stores this year have already shuffled through those announcements so they can shift their focus toward the industry’s busiest times. But analysts say there are still some exhausted businesses teetering on the brink of survival, as sales continue to shift to the internet and younger brands like Warby Parker, Casper and Allbirds steal shoppers’ attention. Take Mattress Firm as one example. The company emerged from bankruptcy back in October. But it’s still suffering in an increasingly competitive landscape with newer entrants like Casper and Eight Sleep. And it hasn’t been able to achieve all the concessions from landlords that it desired. All the store closure announcements have also been bad news for U.S. mall owners like Simon and Macerich, which were already struggling with traffic to department stores falling off. The landlords are getting creative with their malls, now, bringing in more food options, e-commerce brands and even apartments, hotels and office spaces. The mall model is being reinvented. Amid all the closings, there are still retailers opening stores. Coresight has tracked 3,017 store opening announcements so far this year. This past Thursday, Lululemon opened its biggest store ever in Chicago. And there’s a massive, 3-million-square-foot mall called American Dream slated to open in New Jersey on Oct. 25. Below is a running list of some of the most significant retail store closure announcements so far this year.

Fred’s

A store log outside of the headquarters of Fred’s Pharmacy Memphis, Tennessee. Sipa | AP Images

Fred’s said Friday it will shutter another 129 stores this year, as the company works to repay its debt and diversify its product selection. It was already planning to close 263 shops in 2019. Now, the discount retailer says it will have roughly 80 retail stores and 166 pharmacies still operating following all the closures. Fred’s, which sells groceries and other everyday items like cleaning supplies, has been a victim of e-commerce’s ascent in many households. Its shares have tumbled more than 75% this year to trade below $1.

Charming Charlie

Source: Charming Charlie

Accessories chain Charming Charlie filed for Chapter 11 bankruptcy protection earlier this week and said with that it plans to close all 261 stores by the end of August. This marks the second time the retailer has filed for bankruptcy in under two years. The company said it hasn’t been able to come up with a plan to win shoppers back and “ensure long-term profitability” for the business.

Bed Bath & Beyond

A shopper exits a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images

Bed Bath & Beyond plans to close at least 40 locations this year — and likely more — while opening 15 stores. The company has said unless it’s able to “negotiate more favorable lease terms with … landlords,” the number of closures will grow. Bed Bath & Beyond, which also owns Christmas Tree Shops, lost its CEO Steven Temares in May, with its financial performance weakening and activist investors pushing for change. The company’s stock is down about 1% for the year.

Dressbarn

Getty Images

Women’s fashion retailer Dressbarn, owned by Ascena Retail Group, is going out of business for good this year. Ascena said it decided to wind down that business entirely in order to be able to turn its focus to its more profitable brands like Ann Taylor and Loft. Just last month, it released a list of the first 28 Dressbarn stores expected to close this year but hasn’t announced anything beyond that. All told, about 650 stores across the country will go dark.

Topshop

Sir Philip Green the owner of Topshop and Taiwanese actress Gwei Lun Mei cut a ribbon to mark the opening of the new Topshop store Jessica Hromas | Getty Images

Fast-fashion chain Topshop is shutting all 11 of its stores in the U.S. The retailer’s London-based parent company, Arcadia Group, filed for bankruptcy protection in May, citing “challenging retail headwinds, changing consumer habits and ever-increasing online competition.” Topshop’s U.S. stores are in major markets like New York, Los Angeles, Las Vegas and Miami. The company hasn’t yet said when it expects the 11 stores to close.

Party City

Party City store in Hamilton, New Jersey Dorann Weber | Getty Images

Party City plans to shut about 45 stores in the U.S. this year. That’s more than normal. The party-supply retailer had been closing 10 to 15 stores, on average, annually. Following the announcement, some speculated a global helium shortage was straining its business of selling balloons for birthday parties, weddings and other special occasions. But the retailer said it was able to secure a new source of helium and that the decision to close more stores in 2019 was unrelated to the global shortage. Party City shares are down more than 28% this year.

Pier 1 Imports

A Pier 1 Imports retail store stands in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images

Pier 1 Imports is planning to shut 57 stores in 2019, and potentially more. The home goods retailer in June said if it’s “unable to achieve our performance goals, sales targets and reductions in occupancies and other costs,” it could shutter as much as 15% of its fleet. Pier 1 closed 30 stores in 2018, leaving it with about 1,000 locations in total across the U.S. Many shoppers have navigated to Amazon and other online retailers to buy things like dishes, wall art and the small furniture accessories that Pier 1 sells. The retailer’s shares are up a little more than 1% for the year.

CVS

Pedestrians pass in front of a CVS location in New York. Scott Mlyn | CNBC

CVS is closing 46 of its “underperforming” locations across the country this year. That’s still less than 1% of CVS’ roughly 9,600 stores nationwide. But the drugstore chain, like many retailers today, must work toward culling its massive footprint and adding unique services to stores to keep customers coming back. As it shuts some stores, CVS is adding hundreds of SmileDirectClub shops inside certain CVS locations, offering shoppers a cheaper way to straighten their teeth. It’s also opening up locations known as HealthHUBS that boast services and products like blood testing and sleep apnea machines. CVS’ stock is down nearly 12% in 2019.

Gap

Traffic passes by an Old Navy and GAP stores in Times Square, March 1, 2019 in New York City. Drew Angerer | Getty Images

Gap Inc. is planning to shut 230 of its namesake brand’s stores over the next two years. This fiscal year, Gap said it expects to close about 50 company-owned stores, net of any new openings or repositionings. The apparel retailer in February announced its plans to split its business into two publicly traded companies, one that includes Gap, Banana Republic, Intermix and its women’s and men’s athleisure brands Athleta and Hill City, and another with just Old Navy. Gap Inc. shares have fallen more than 27% this year.

Victoria’s Secret

Pedestrians carrying shopping bags walk past a Victoria’s Secret store in New York. Lucas Jackson | Reuters

L Brands’ Victoria’s Secret is planning to shut 53 stores this year, as the lingerie retailer struggles to appeal to women with its outdated and over-the-top bras and underwear. On average, the company has been closing roughly 15 stores each year. Meantime, online-based lingerie brands like Adore Me and Lively are opening up stores, potentially making it more difficult for Victoria’s Secret to win back market share. L Brands’ stock is up about 3% year to date.

Bath & Body Works

Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images

L Brands’ Bath & Body Works also has some closures planned. The retailer said it intends to shut two dozen locations this year. But it will also be opening 46 stores and renovating more than 170 locations. As Victoria’s Secret’s sales have been in a slump, Bath & Body Works has been a bright spot for L Brands. The company reported in May that Bath & Body Work’s same-store sales surged 13% during the fiscal first quarter. The upbeat news led L Brands to hike its profit outlook for the full year.

Abercrombie & Fitch

Pedestrians are reflected in the window of an Abercrombie & Fitch store in San Francisco. Getty Images

Specialty apparel retailer Abercrombie & Fitch Co. said it plans to close up to 40 stores during fiscal 2019, after closing 29 locations last year. The company has, meanwhile, been working toward reducing the size of its stores and remodeling existing locations. Abercrombie also said it plans to open additional stores this year, to make up for the closures, after opening 22 stores in 2018. It also owns the Hollister clothing brand. The retailer’s stock has fallen roughly 10% in 2019.

Charlotte Russe

Charlotte Russe fashions Source: Charlotte Russe

Teen apparel retailer Charlotte Russe is liquidating and closing all of its stores, after filing for bankruptcy protection in February. At the time, it was only planning to shut 94 stores. But now, the company will be closing more than 500 locations across the country, after a liquidator won the auction for its business in bankruptcy court. Many of its stores are found within shopping malls.

Payless ShoeSource

A pedestrian walks by a Payless Shoe Source store on April 5, 2017 in San Francisco. Getty Images

Payless ShoeSource filed for bankruptcy in February and has started the process of shutting all 2,500 of its stores across North America. Payless struggled with a heavy debt load and also said in court documents it faced “unanticipated” delays from its suppliers in recent years that forced it to sell inventory at deep discounts. It’s also fallen victim to more consumers shopping for footwear online.

Gymboree

Pedestrians walk past a Gymboree store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images

When kids clothing company Gymboree filed for bankruptcy protection in January, it said it would close all 800 of its Gymboree and Crazy 8 stores. It’s since sold the rights associated with both Gymboree and its Crazy 8 brand to Children’s Place, while Gap has acquired Gymboree’s Janie and Jack brand’s intellectual property, its website, customer data and other assets.

Family Dollar

Shoppers exit a Family Dollar store in Belleville, New Jersey. Michael Nagel | Bloomberg | Getty Images

Discount chain Dollar Tree said it plans to close 390 Family Dollar stores this year while it renovates 1,000 other locations. After buying Family Dollar in 2015, Dollar Tree has been left with the task of improving the appearance of those stores, many of which are run down. It’s also been trying to cut costs. Dollar Tree shares are up more than 24% year to date.

Chico’s

Pedestrians pass in front of a Chico’s store in New York Scott Mlyn | CNBC

Women’s clothing retailer Chico’s said it will shut between 60 to 80 stores in fiscal 2019. The company overall intends to close at least 250 stores in the U.S. over the next three years. It joins a list of apparel companies that are struggling to stay afloat, as more sales move online and shoppers are lured to fast-fashion brands like Zara. Chico’s shares have tumbled more than 38% this year.

J.C. Penney

Pedestrians pass a JC Penney store in New York. Scott Mlyn | CNBC


Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: lauren thomas
Keywords: news, cnbc, companies, company, shut, retailers, far, locations, heres, getty, 2019, retailer, closed, closures, stores, close, whats, store, 12000, brands, accelerate


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The best performing stock so far this year is a cosmetics company

Traders work at the Coty booth on the floor of the New York Stock Exchange. Beauty company Coty is by far the best-performing stock in the S&P 500 so far this year. Shares of the cosmetics distributor are up more than 100% in 2019, while the S&P 500 is up only 17%. Private equity firm JAB, which also controls Dr. Pepper among others, took control of Coty in April, a move well respected by analysts on the Street. The firm brought in Coty’s new CEO Pierre Laubies, who will unveil his turnaround st


Traders work at the Coty booth on the floor of the New York Stock Exchange. Beauty company Coty is by far the best-performing stock in the S&P 500 so far this year. Shares of the cosmetics distributor are up more than 100% in 2019, while the S&P 500 is up only 17%. Private equity firm JAB, which also controls Dr. Pepper among others, took control of Coty in April, a move well respected by analysts on the Street. The firm brought in Coty’s new CEO Pierre Laubies, who will unveil his turnaround st
The best performing stock so far this year is a cosmetics company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, feeney, performing, jab, turnaround, cosmetics, best, coty, far, firm, stock, sp, investors, company, management


The best performing stock so far this year is a cosmetics company

Traders work at the Coty booth on the floor of the New York Stock Exchange.

Beauty company Coty is by far the best-performing stock in the S&P 500 so far this year.

Shares of the cosmetics distributor are up more than 100% in 2019, while the S&P 500 is up only 17%. Investors are betting on a major turnaround for Coty, under new management and finally recovering from its acquisition of P&G’s beauty business. The stock fell 67% last year.

Coty, which distributes cosmetic brands like Opi, Covergirl and Sally Hansen, is in a transition period and many investors see its “steeply discounted” stock, trading around $13 a share, as an opportunity, said Jonathan Feeney, analyst with Consumer Edge Research.

Feeney attributes Coty’s success to its “well regarded and now controlling owner,” JAB Holdings. Private equity firm JAB, which also controls Dr. Pepper among others, took control of Coty in April, a move well respected by analysts on the Street.

“While worse than expected, U.S. mass beauty trends caught management by surprise — management is making the necessary pivots,” Feeney said.

JAB has the company braced for change. The firm brought in Coty’s new CEO Pierre Laubies, who will unveil his turnaround strategy for Coty on July 1.


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, feeney, performing, jab, turnaround, cosmetics, best, coty, far, firm, stock, sp, investors, company, management


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Microsoft is cashing in on the biggest biotech IPO of 2019

As of Thursday, Microsoft appears poised to do both. The pop means the value of Microsoft’s $45 million investment at $10.67 a share has almost quadrupled. As the world’s most valuable public company, with a market cap over $1 trillion, Microsoft has many ways to generate profits. With Adaptive, there’s much more at stake for Microsoft than just an investment in the biggest biotech IPO of 2019 so far. According to Orbis Research, the global immunology market will grow to $74.1 billion in 2022 fr


As of Thursday, Microsoft appears poised to do both. The pop means the value of Microsoft’s $45 million investment at $10.67 a share has almost quadrupled. As the world’s most valuable public company, with a market cap over $1 trillion, Microsoft has many ways to generate profits. With Adaptive, there’s much more at stake for Microsoft than just an investment in the biggest biotech IPO of 2019 so far. According to Orbis Research, the global immunology market will grow to $74.1 billion in 2022 fr
Microsoft is cashing in on the biggest biotech IPO of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: jordan novet
Keywords: news, cnbc, companies, software, market, 2019, ipo, cloud, investment, far, biotech, biggest, microsoft, public, companies, microsofts, cashing, company


Microsoft is cashing in on the biggest biotech IPO of 2019

In late 2017, Microsoft invested in an experimental health-care company called Adaptive Biotechnologies, hoping to put its advanced cloud technology to work in life sciences while also making money as a significant shareholder.

As of Thursday, Microsoft appears poised to do both.

Adaptive, which is developing what it calls an “immune medicine platform” to change how we treat various diseases, soared in its public market debut, more than doubling to over $40 after the company sold shares Wednesday night at $20 a piece. The pop means the value of Microsoft’s $45 million investment at $10.67 a share has almost quadrupled.

As the world’s most valuable public company, with a market cap over $1 trillion, Microsoft has many ways to generate profits. Start-up investments represent one avenue, though the software maker has been far less active than many other large tech companies like Alphabet, which has multiple venture groups for early and late-stage deals, and Salesforce, which has been a big investor in cloud software and recently launched specific funds in in Canada, Japan and Australia.

With Adaptive, there’s much more at stake for Microsoft than just an investment in the biggest biotech IPO of 2019 so far. Microsoft’s Azure unit, which is second in the cloud infrastructure market behind Amazon Web Services, gets to test out its artificial intelligence tools in an industry that promises to be highly lucrative in the coming years as more emerging health-related companies turn to software in the cloud for heavy workloads. According to Orbis Research, the global immunology market will grow to $74.1 billion in 2022 from $57.7 billion in 2015.


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: jordan novet
Keywords: news, cnbc, companies, software, market, 2019, ipo, cloud, investment, far, biotech, biggest, microsoft, public, companies, microsofts, cashing, company


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Abortion, equal pay, family leave: Here are all the women’s rights policies proposed by 2020 candidates so far

“Already, Democratic candidates entering the presidential race have acknowledged the importance of women — women of color — black women — in their pathways to victory,” former Congresswoman Donna Edwards writes in an op-ed for The Washington Post. CNBC Make It took a closer look at how Sen. Kamala Harris, Sen. Elizabeth Warren, Sen. Cory Booker, Sen. Kirsten Gillibrand and a few other Democrats are leading the way with proposed plans on women’s issues. Elizabeth Warren In response to Alabama’s b


“Already, Democratic candidates entering the presidential race have acknowledged the importance of women — women of color — black women — in their pathways to victory,” former Congresswoman Donna Edwards writes in an op-ed for The Washington Post. CNBC Make It took a closer look at how Sen. Kamala Harris, Sen. Elizabeth Warren, Sen. Cory Booker, Sen. Kirsten Gillibrand and a few other Democrats are leading the way with proposed plans on women’s issues. Elizabeth Warren In response to Alabama’s b
Abortion, equal pay, family leave: Here are all the women’s rights policies proposed by 2020 candidates so far Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: courtney connley
Keywords: news, cnbc, companies, sen, women, leave, plan, rights, pay, far, equal, abortion, family, harris, booker, presidential, proposed, warren, candidates, womens, policies


Abortion, equal pay, family leave: Here are all the women's rights policies proposed by 2020 candidates so far

Senator Elizabeth Warren, a Democrat from Massachusetts, center, speaks during a health care bill news conference on Capitol Hill in Washington, D.C., U.S., on Wednesday, Sept. 13, 2017.

As the 2020 presidential campaign continues to heat up — with 23 democratic candidates in the race so far — conversations around women’s rights and policies have taken center stage in many political discussions. From the fight for equal pay and paid parental leave to the push for abortion rights and better maternal healthcare, many presidential hopefuls are aware that they’ll need to address these key issues in order to win over women, who, have historically voted at higher rates than men. “Already, Democratic candidates entering the presidential race have acknowledged the importance of women — women of color — black women — in their pathways to victory,” former Congresswoman Donna Edwards writes in an op-ed for The Washington Post. Though many dismiss identity politics, she writes, “for many women/women of color/black women, identity is politics,” and it will be critical for presidential candidates to recognize that. CNBC Make It took a closer look at how Sen. Kamala Harris, Sen. Elizabeth Warren, Sen. Cory Booker, Sen. Kirsten Gillibrand and a few other Democrats are leading the way with proposed plans on women’s issues.

Sen. Cory Booker (D-NJ) and Sen. Kamala Harris (D-CA) talk with each other as they listen to Supreme Court nominee Judge Brett Kavanaugh testify before the Senate Judiciary Committee on the third day of his Supreme Court confirmation hearing on Capitol Hill September 6, 2018 in Washington, DC. Drew Angerer | Getty Images

Abortion and reproductive rights

On May 15, Alabama Gov. Kay Ivey signed a bill that bans doctors from performing an abortion at any stage during a pregnancy. Alabama is one of more than 10 states — including Georgia, Louisiana and Arkansas — that have passed, or are working to pass, anti-abortion laws. Though these policies have led many presidential hopefuls to speak out against abortion bans on their campaign trail, very few have released actual plans for protecting abortion once in office. Elizabeth Warren In response to Alabama’s bill, Sen. Warren shared her plan for protecting abortion rights in a post published on Medium on May 17. Warren called the bill “the most extreme abortion ban in over 40 years” and writes that as president, she would pass new federal laws to uphold the Roe v. Wade ruling and ensure all women have access to birth control and abortion. She writes that she would do this by making reproductive health coverage part of overall health coverage and she would “[repeal] the Hyde Amendment, which blocks abortion coverage for women under federally funded health care programs like Medicaid, the VA, and the Indian Health Service.” Corey Booker On May 22, Sen. Booker released a plan to create a White House Office for Reproductive Freedom. He says that in addition to increasing the budget for Title X family planning — which has dropped from roughly $297.4 million in 2012 to $286.4 million now — he would reverse Trump’s “gag rule,” which bans doctors from telling women how they can safely and legally access an abortion. Booker says that as president he would also guarantee access to employer-covered contraceptive care and restore evidence-based guidelines for the Teen Pregnancy Prevention program so that young people are educated about their healthcare options. Kamala Harris On May 28, Sen. Harris released a plan on her campaign website that, she says, for the first time would require “states and localities with a history of violating Roe v. Wade to obtain approval from her Department of Justice before any abortion law or practice can take effect.” Additionally, she says she would protect funding for Planned Parenthood and she would nominate judges who support the Roe v. Wade decision. Gillibrand, Beto O’Rourke, Sen. Bernie Sanders and Andrew Yang all say they would appoint judges who support abortion rights. John Hickenlooper On May 29, former Colorado governor John Hickenlooper wrote in a Medium post that as president he would expand the long-acting reversible contraception (LARC) plan that he oversaw in Colorado, which makes healthcare and contraception more accessible and affordable for women. As president, he said he would be “committed to ensuring that every woman has access to the full range of contraceptive options, so she can choose the method that best fits her needs and preferences, and that providers are educated and trained to provide the full range of options in a way that respects decision-making and autonomy.” Additional measures In addition to Warren, many other presidential candidates including Harris, Booker, Gillibrand, Indiana mayor Pete Buttigieg and former Texas congressman Beto O’Rourke said they would repeal the Hyde Amendment. And like Booker, Sanders, Warren, Gillibrand, O’Rourke and Hickenlooper stated that they would also increase the budget for Title X family planning. Meanwhile, Gillibrand and O’Rourke say they would reverse the Trump Administration’s gag rule. “This is about the fundamental question of whether we value women and see them as human beings equal to anyone else,” Gillibrand wrote in a Medium post, “and any Democrat who expects to win the presidency must answer definitively.”

Entrepreneur and 2020 presidential candidate Andrew Yang speaks during a campaign stop at the train depot on February 1, 2019 in Jefferson, Iowa. Joshua Lott | AFP | Getty Images

Equal pay

Women, on average, earn $.80 cents for every dollar paid to men. When broken down by race, Asian-American women earn $0.85 compared to white men, white women earn $0.77 compared to white men and African-American, Native American and Latina women earn $0.61, $0.58 and $0.53, respectively, compared to white men. When it comes to closing the pay gap, Harris leads the way with a detailed plan for how she would enforce equality in the workplace. Kamala Harris On May 20, Harris released an ambitious plan that outlines how she would hold companies responsible for paying and promoting women fairly. Calling her plan “the most aggressive pay proposal in history,” the California senator said that as president she would give companies with 100 or more employees three years to obtain an Equal Pay Certification from the Equal Employment Opportunity Commission (EEOC), and companies with 500 or more employees two years to obtain certification. In order to receive this certification, Harris writes that companies would have to prove that they’ve eliminated all pay disparities for men and women who are doing equal work. If a pay gap does exist, then the company would have to prove that it exists based on merit, performance or seniority, and not gender. Any company that fails to meet these requirements would be fined 1% of their profits for every 1% wage gap they allow to persist in their organization. Bernie Sanders Sanders’ campaign website says that he would “adopt equal pay for equal work through the Paycheck Fairness Act,” a proposed law that addresses gaps in the Equal Pay Act of 1963 in order to ensure men and women are paid fairly. Andrew Yang Yang says on his website he would work with states to implement salary disclosure laws and implement pilot studies to test whether policy changes result in more equitable hiring and pay. Pete Buttigieg Buttigieg also says he would sign the Paycheck Fairness Act and he would mandate that companies publicly submit an annual report detailing how much men make in comparison to women at their organization. He says he will also strengthen anti-discrimination laws in order to prevent gender and sexual-identity discrimination, as well as discrimination against pregnant workers. Additional measures Warren and Booker haven’t released specific plans for addressing pay gap issues, but they are co-sponsors of the Paycheck Fairness Act, along with presidential hopefuls Sen. Michael F. Bennet, Sen. Amy Klobuchar, Rep. Tulsi Gabbard, Rep. Seth Moulton, Rep. Tim Ryan and Rep. Eric Swalwell. Refinery29 notes that Warren also leads by example when it comes to equal pay — the average women-to-men earnings ratio among staffers in her office is 1: 0.08.

Democratic presidential candidate Sen. Kamala Harris (D-CA) speaks at a campaign stop on May 15, 2019 in Nashua, New Hampshire. Spencer Platt | Getty Images

Maternal mortality

The U.S. is one of 13 countries where the maternal mortality rate has worsened in the last 25 years. Data shows that black women are three to four times more likely to die from pregnancy or child-birth related causes than white women. Elizabeth Warren In an op-ed for Essence, Warren writes that she would incentivize health systems that keep mothers healthy, push for more inclusive best practices that have historically benefited mothers of color, diversify hospital staffs and hold hospitals accountable for preventable failures. Kamala Harris Similarly, Harris told Elle.com that she would reintroduce the Maternal Care Access and Reducing Emergencies (Maternal CARE) Act, which includes a $25 million grant for training programs and medical schools to fight racial bias in maternal health. The bill will also include an allocation of $125 million to identify high-risk pregnancies and to provide mothers with the culturally competent health care and resources they need. Harris first introduced this bill in 2018, but it did not receive a vote prior to the 115th Congress ending in December. Additional measures Though Booker has not released a detailed presidential plan for addressing the maternal mortality rate, in May, he and Massachusetts Rep. Ayanna Pressley introduced the Maximizing Outcomes for Moms through Medicaid Improvement and Enhancement of Services (MOMMIES) Act. The act would extend the time in which Medicaid will cover postpartum women from two months after giving birth to one year.

Sen. Kirsten Gillibrand Zach Gibson | Bloomberg | Getty Images

Paid family leave


Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: courtney connley
Keywords: news, cnbc, companies, sen, women, leave, plan, rights, pay, far, equal, abortion, family, harris, booker, presidential, proposed, warren, candidates, womens, policies


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Brexit campaigner Johnson far ahead in race to lead Britain; Sajid Javed eliminated

In this handout photo provided by the BBC, MP Boris Johnson speaks during a Conservative Leadership televised debate on June 18, 2019 in London, England. Boris Johnson, a former foreign secretary who helped lead the 2016 Brexit referendum campaign, continued his progress towards the top job on Thursday when he trounced his rivals again in the race to succeed Prime Minister Theresa May. In a fourth ballot of Conservative lawmakers, which eliminated interior minister Sajid Javid, Johnson was again


In this handout photo provided by the BBC, MP Boris Johnson speaks during a Conservative Leadership televised debate on June 18, 2019 in London, England. Boris Johnson, a former foreign secretary who helped lead the 2016 Brexit referendum campaign, continued his progress towards the top job on Thursday when he trounced his rivals again in the race to succeed Prime Minister Theresa May. In a fourth ballot of Conservative lawmakers, which eliminated interior minister Sajid Javid, Johnson was again
Brexit campaigner Johnson far ahead in race to lead Britain; Sajid Javed eliminated Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-20
Keywords: news, cnbc, companies, far, lawmakers, eliminated, johnson, race, brexit, sajid, britain, conservative, campaigner, javed, votes, vote, lead, minister, ballot, rivals, deal


Brexit campaigner Johnson far ahead in race to lead Britain; Sajid Javed eliminated

In this handout photo provided by the BBC, MP Boris Johnson speaks during a Conservative Leadership televised debate on June 18, 2019 in London, England.

Boris Johnson, a former foreign secretary who helped lead the 2016 Brexit referendum campaign, continued his progress towards the top job on Thursday when he trounced his rivals again in the race to succeed Prime Minister Theresa May.

In a fourth ballot of Conservative lawmakers, which eliminated interior minister Sajid Javid, Johnson was again way out in front of his rivals. The result of a fifth and final ballot is due at 1700 GMT on Thursday.

Johnson, who served as London mayor for eight years, has cast himself as the only candidate who can deliver Brexit on Oct. 31 while fighting off the electoral threats of Nigel Farage’s Brexit Party and Jeremy Corbyn’s Labour Party.

Despite a series of scandals in the past and criticism about his attention to detail, Johnson has dominated the race since May announced a month ago that she would step down after repeatedly failing to get her Brexit deal ratified by parliament.

Johnson, 55, has increased his share of the vote of Conservative lawmakers at each of the four ballots so far: 114 out of 313 votes in the first ballot on June 13, 126 on June 18, 143 on Wednesday and 157 on Thursday.

Environment minister Michael Gove was second with 61 votes and foreign minister Jeremy Hunt third with 59. Javid got 34.

After the final lawmakers’ ballot leaves just two candidates remaining, around 160,000 Conservative Party grassroots members will vote on who will be their leader – and Britain’s next prime minister – by the end of July. Bookmakers give Johnson an 89% probability of winning.

Johnson has pledged to leave the European Union on Oct. 31 with or without a deal. The EU has said it will not renegotiate the divorce deal that May agreed last year and the British parliament has indicated it will block a no-deal exit.

He has not addressed how he will solve that riddle.


Company: cnbc, Activity: cnbc, Date: 2019-06-20
Keywords: news, cnbc, companies, far, lawmakers, eliminated, johnson, race, brexit, sajid, britain, conservative, campaigner, javed, votes, vote, lead, minister, ballot, rivals, deal


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Trade tensions have had a ‘significant’ impact on China, IMF says

Heightened trade tensions with the U.S. are beginning to hit China’s growth. “The trade tensions have had an impact, significant, but in our view, so far contained,” Kenneth Kang, deputy director of the Asia-Pacific Department at the IMF and leader of the visiting team, told CNBC in an interview Wednesday. “The renewed trade tensions are a significant source of uncertainty and a downside risk to our outlook … The IMF expects China’s growth to slow to 6% next year, and to 5.5% by 2024. Kang not


Heightened trade tensions with the U.S. are beginning to hit China’s growth. “The trade tensions have had an impact, significant, but in our view, so far contained,” Kenneth Kang, deputy director of the Asia-Pacific Department at the IMF and leader of the visiting team, told CNBC in an interview Wednesday. “The renewed trade tensions are a significant source of uncertainty and a downside risk to our outlook … The IMF expects China’s growth to slow to 6% next year, and to 5.5% by 2024. Kang not
Trade tensions have had a ‘significant’ impact on China, IMF says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: evelyn cheng
Keywords: news, cnbc, companies, chinese, unchanged, tensions, chinas, worth, significant, growth, china, far, trade, impact, imf


Trade tensions have had a 'significant' impact on China, IMF says

Containers are stacked on a vessel at the Port of Long Beach in Long Beach, California on July 6, 2018, including some from China Shipping, a conglomerate under the direct administration of China’s State Council.

Heightened trade tensions with the U.S. are beginning to hit China’s growth.

The International Monetary Fund (IMF) lowered its 2019 growth forecast for the world’s second-largest economy to 6.2% from 6.3% on Wednesday, after the conclusion of the organization’s visit to China over roughly the last two weeks.

“The trade tensions have had an impact, significant, but in our view, so far contained,” Kenneth Kang, deputy director of the Asia-Pacific Department at the IMF and leader of the visiting team, told CNBC in an interview Wednesday.

“The renewed trade tensions are a significant source of uncertainty and a downside risk to our outlook … But I think we need to wait a few more months,” he said.

The IMF expects China’s growth to slow to 6% next year, and to 5.5% by 2024.

Negotiations between Beijing and President Donald Trump’s administration took a turn for the worse in early May with the increase of tariffs on $200 billion worth of Chinese goods exported to the U.S., and an effective ban on American companies doing business with Chinese telecom giant Huawei. Beijing responded with tariffs on $60 billion worth of U.S. goods, the announcement of an “unreliable entities list” and a far tougher stance against U.S. requests.

U.S. Treasury Secretary Steven Mnuchin and People’s Bank of China Governor Yi Gang are expected to meet this weekend, but there is still no confirmation on whether Trump and Chinese President Xi Jinping will hold talks at the G-20 meeting in Japan at the end of the month to seal even a temporary deal.

The pressure from the U.S. on trade comes as China already faces slowing growth. In the last year, authorities have announced a slew of measures to improve financing to privately-run companies — which account for most of the jobs and economic growth — and tax cuts in order to boost consumption.

So far, those efforts have paid off.

Kang noted that “employment has held up” amid the heightened trade tensions. “We would encourage the authorities to rely more on market forces rather than on administrative targets to improve the efficiency, to make this lending sustainable,” he said.

Private survey data released this week indicated that China’s economy is just holding above the 50 level that indicates expansion. The Caixin/Markit factory Purchasing Managers’ Index for May was 50.2, unchanged from April. However, the services index fell to 52.7 in May, the lowest since February, according to Reuters.

China’s official (although frequently questioned) gross domestic product grew by 6.4% in the first quarter, unchanged from the prior quarter but down from 6.8% a year ago.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: evelyn cheng
Keywords: news, cnbc, companies, chinese, unchanged, tensions, chinas, worth, significant, growth, china, far, trade, impact, imf


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It’s not China or the US: Here are the trade war’s winners — so far

China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Instead, importers in the two countries have been sourcing for the same products from alternative locations not targeted by tariffs, the economists said in a report outlining their findings. Vietnam has so far emerged as the largest beneficiary of that diversion in trade flows, gaining an estimated 7.9% of its gross domestic product from those n


China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Instead, importers in the two countries have been sourcing for the same products from alternative locations not targeted by tariffs, the economists said in a report outlining their findings. Vietnam has so far emerged as the largest beneficiary of that diversion in trade flows, gaining an estimated 7.9% of its gross domestic product from those n
It’s not China or the US: Here are the trade war’s winners — so far Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: yen nee lee
Keywords: news, cnbc, companies, economists, tariff, report, trade, tariffs, china, importing, diversion, president, far, largest, winners, wars


It's not China or the US: Here are the trade war's winners — so far

China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017.

More than one year since the start of a trade war between Washington and Beijing, economists from Japanese investment bank Nomura found evidence that the U.S. and China — in order to avoid elevated tariffs — have cut down importing certain goods from each other.

Instead, importers in the two countries have been sourcing for the same products from alternative locations not targeted by tariffs, the economists said in a report outlining their findings. Vietnam has so far emerged as the largest beneficiary of that diversion in trade flows, gaining an estimated 7.9% of its gross domestic product from those new business, according to Nomura.

“As tit-for-tat tariff hikes between the US and China increase, so does the cost of importing from each other,” the economists wrote in the report dated June 3.

“Some exporters in the US and China may be willing to absorb part of the additional tariff costs in their profit margins, and some multinationals could opt to re-shore production, but the trade literature shows that, over time, the largest response is likely to be trade diversion, ” they added.


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: yen nee lee
Keywords: news, cnbc, companies, economists, tariff, report, trade, tariffs, china, importing, diversion, president, far, largest, winners, wars


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China says its April trade surplus was $13.84 billion, far below expectations

China posted a big miss in its overall trade surplus for April, as exports unexpectedly fell and imports surprisingly rose. Customs data on Wednesday showed that trade surplus for April came in at $13.84 billion. That was far lower than the $35 billion economists polled by Reuters had expected, and below the $32.65 billion posted in March. China’s trade surplus with the U.S., meanwhile, rose to $21.01 billion in April from $20.5 billion in March, the data showed. This week, U.S. Trade Representa


China posted a big miss in its overall trade surplus for April, as exports unexpectedly fell and imports surprisingly rose. Customs data on Wednesday showed that trade surplus for April came in at $13.84 billion. That was far lower than the $35 billion economists polled by Reuters had expected, and below the $32.65 billion posted in March. China’s trade surplus with the U.S., meanwhile, rose to $21.01 billion in April from $20.5 billion in March, the data showed. This week, U.S. Trade Representa
China says its April trade surplus was $13.84 billion, far below expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: huileng tan
Keywords: news, cnbc, companies, week, 1384, china, chinese, expectations, tariffs, imports, told, increase, exports, far, billion, surplus, trade


China says its April trade surplus was $13.84 billion, far below expectations

Cars wait for shipping overseas at Lianyungang Port on February 14, 2019 in Lianyungang, Jiangsu Province of China.

China posted a big miss in its overall trade surplus for April, as exports unexpectedly fell and imports surprisingly rose.

The numbers came on Wednesday as the trade impasse between the U.S. and China continues to drag on.

Customs data on Wednesday showed that trade surplus for April came in at $13.84 billion. That was far lower than the $35 billion economists polled by Reuters had expected, and below the $32.65 billion posted in March.

Dollar-denominated exports also missed expectations in April, falling 2.7% from a year ago, according to data from the China’s General Administration of Customs. Economists polled by Reuters expected an increase of 2.3% from a year earlier.

However, April imports unexpectedly rose by 4% from a year ago, compared to a decline of 3.6% that economists predicted. Imports in March fell 7.6%.

China’s trade surplus with the U.S., meanwhile, rose to $21.01 billion in April from $20.5 billion in March, the data showed.

U.S. and Chinese officials have met several times in a bid to hammer out a trade deal, but Washington said this week that tariffs on Chinese products will increase on Friday, fueling fears that negotiations could be derailed.

The outlook for Chinese exports will remain challenging even if a trade deal is reached with the U.S. soon, said Julian Evans-Pritchard, senior China economist at Capital Economics.

“Even if a last-minute (trade) deal is struck this week to avoid further tariffs, the downbeat prospects for global growth will probably mean that export growth remains subdued,” Evans-Pritchard wrote in a note on Wednesday.

Imports, however, should hold up better due to government stimulus, he added.

Recent moves by Beijing — such as cutting reserve requirement ratios and keeping short-term interest rates lower recently — are keeping liquidity in the system, said Shaun Roache, chief economist for Asia Pacific at S&P Global Ratings.

“That’s a signal that the authorities are willing to simulate, and stimulate quickly, if they feel trade tensions persist,” Roache told CNBC’s “Street Signs.”

This week, U.S. Trade Representative Robert Lighthizer told reporters that the U.S. will increase levies on Chinese imports on Friday.

His comments came after U.S. President Donald Trump’s tweeted on Sunday that current tariffs of 10% on $200 billion of Chinese goods would be raised to 25% on Friday. Trump also threatened to impose an extra 25% levy on another $325 billion of Chinese goods “shortly.”

The latest developments sent markets across the globe reeling, amid earlier indications and optimism that the U.S. and China were close to ending their protracted trade war. Just last month, U.S. Treasury Secretary Steven Mnuchin told The New York Times that negotiations were in the “final laps. ”

— CNBC’s Eustance Huang and Reuters contributed to the report.


Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: huileng tan
Keywords: news, cnbc, companies, week, 1384, china, chinese, expectations, tariffs, imports, told, increase, exports, far, billion, surplus, trade


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