Latest news with #Nikes
Business Insider
18 hours ago
- Business
- Business Insider
Billionaire GOP megadonor Ken Griffin is confused: Why is the US trying to bring back 'jobs that'll never pay much'?
Ken Griffin had no good answer. The billionaire founder of the $66 billion hedge fund Citadel and its sister company, market maker Citadel Securities, Griffin is a megadonor to the Republican Party and was excited for the American economy after President Donald Trump's election. Less than half a year since Trump's inauguration, Griffin said he was asked during a recent visit to China, "Why are you trying to be like China?" He said there isn't a logical reason the US would want to bring manufacturing "jobs that'll never pay much" to the country, but that seems to be the goal of the tariff policies pursued by Trump's administration. "It's one thing to make Nikes, it's another thing to make F-35 fighters," he said Thursday morning at the Forbes Iconoclast conference in Manhattan. Griffin has been critical of the administration's tariff policies in recent months, calling them a mistake that will hurt the economy and consumers. He said Thursday that they were an "anti-growth agenda," and the expected growth of the US economy has been cut in half since Trump took office. He continued his criticism of Trump, whom he voted for, focusing on the current tax bill, which was passed by the House of Representatives and is now in the Senate. Griffin said it will add "several trillions" of dollars to the deficit and lacks "tough decisions." "The United States' fiscal house is not in order," Griffin said, questioning the decision to cut taxes on small and medium-sized businesses when the deficit was rising. He said credit markets have noted the uncertainty plaguing the US thanks to the administration's policies, noting that "the risk of a US default is priced the same as Italy or Greece." "There's just no words for it," he said. If there was any optimism in his talk, it was about the resilience of American CEOs. He said hiring and capital expenditures will slow as long as there is uncertainty from Washington. Still, he was impressed with how individuals like Doug McMillon, the CEO of Walmart, explained the impact tariffs would have on the consumer. "We should not criticize CEOs for being honest," he said, adding, "shame on the administration" for scolding McMillon and other CEOs for talking about the tariffs' impact. There's still time for Trump and his team to return to pro-growth economic policies, he said, and there's no time to wait. "The United States desperately needs growth" to pay for entitlements like Social Security, he said.
New York Post
3 days ago
- New York Post
3 young sisters vanish during a planned visit with their homeless dad in Washington
A desperate search is underway in Washington for three young sisters who were last seen with their troubled and homeless father as part of a planned visitation, cops said. Police are searching for Paityn Decker, 9; Evelyn Decker, 8; and their younger sister, Olivia Decker, 5, who were last seen Friday shortly after 5:30 p.m. when they went to visit their father, Travis Decker, 32, the Wenatchee Police Department wrote on Facebook Saturday. 4 Police are searching for Paitlyn Decker, 9, who vanished with her younger sisters after an arranged visitation with their homeless father on May 30, 2025. Wenatchee Police Department The missing girls' mother, Whitney Decker, is pleading for the public's help to track them down. 'Last night at 8pm Travis was supposed to drop the girls back off with me and never showed,' she posted on Facebook. 'The cops have him going north out of Wenatchee at 5:41. 'If you could please all keep an eye out for him, his phone is off and every hotel in Wenatchee and East Wenatchee have been checked.' Police said the visitation was agreed upon by both parents. 4 Evelyn Decker, 8, vanished with her two sisters on Friday. Wenatchee Police Department 4 Olivia Decker, 5, has been missing with her two older sisters since May 30, 2025. Wenatchee Police Department 'The visitation was part of a parenting plan, but he has since gone outside the parameters of it which is not normal and cause for the alarm,' according to a press release by the Wenatchee Police Department. Travis is homeless, officials said, and has been living out of his vehicle, a white 2017 GMC Sierra, or at various motels or campgrounds in the area, officials said. 'They have not returned and contact cannot be made with the father,' police said. 4 Police are looking for Travis Decker, 32, who vanished May 30 during a planned visit with his missing young daughters. Wenatchee Police Department Authorities said the disappearance of the three sisters has 'not met AMBER Alert criteria,' but they have issued an Endangered Missing Person Alert through the Washington State Patrol. Decker, who is described as 5 feet, 8 inches tall with black hair and brown eyes, was last seen wearing a light shirt and dark shorts. His pickup truck has Washington plates with the number DC0165C, according to a wanted poster released by police. Paityn Decker was last seen wearing a blue shirt, purple shorts and pink Nikes, while Olivia had been wearing a coral or pink shirt. Evelyn has blond hair and brown eyes, officials said. Authorities implored anyone who recognizes Decker or his daughters to call 911.
Yahoo
24-05-2025
- Business
- Yahoo
Scott Galloway says Trump's 'blackout drunk' moves could cause $3,500 iPhones
Moneywise and Yahoo Finance LLC may earn commission or revenue on some items through the links below. New York University marketing professor Scott Galloway delivered a fiery takedown of President Donald Trump's sweeping tariffs, calling them a 'blackout drunk' move that could derail the global economy. 'It would be hard to think of a more elegant way to reduce prosperity this fast,' Galloway said during an April 11 appearance on The View. Taking aim at Trump's economic nationalism, Galloway defended the logic behind outsourcing low-wage manufacturing jobs. 'We want to wear Nikes. We don't want to make them,' he said. 'We have outsourced low-wage jobs overseas, such that we can create more profits, more investments and create higher-wage jobs.' But it's not just about labor. Galloway warned that Trump's tariffs could dramatically increase prices for everyday Americans. 'If these tariffs hold, your iPhone is going to go from $1,000 to $2,300,' he said. 'To make an iPhone in the U.S., it would cost $3,500.' Galloway didn't hold back on where he thinks the blame lies: 'We finally need to acknowledge, we have someone at the wheel of the global economy that is blackout drunk right now.' There are signals that Trump is toning down his tariff war. U.S. and Chinese officials settled on a 90-day tariff truce on May 12 that will see tariffs on some goods imported from China temporarily suspended and others lowered to 30%. However, the continued reduction in tariffs depends on continued good relations between the two superpowers. Galloway isn't alone in his feelings — Trump's tariffs have sparked serious warnings from some of the most powerful names in finance. Billionaire hedge fund manager Ray Dalio recently highlighted the role of one time-tested asset that could help investors brace for economic turbulence. 'People don't have, typically, an adequate amount of gold in their portfolio,' he told CNBC in February. 'When bad times come, gold is a very effective diversifier.' Gold has long served as a hedge against inflation. It can't be printed out of thin air like fiat money, and because it's not tied to any single currency or economy, investors often flock to it during periods of economic turmoil or geopolitical uncertainty, driving up its value. For those looking to capitalize on gold's potential while also securing tax advantages, one option is opening a gold IRA with the help of Thor Metals. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those seeking to ensure their retirement funds are well-shielded against economic uncertainties. Thor Metals offers a free gold IRA setup — and with a qualifying purchase, you could receive up to $20,000 in precious metals for free. Real estate offers a compelling alternative for hedging against inflation — with the added benefit of generating passive income. As the cost of materials, labor and land rises, property values often increase as well. At the same time, rental income tends to climb, giving landlords a revenue stream that can keep pace with inflation. That's why real estate is a favorite among retirement investors and those planning for long-term financial stability. However, owning a rental property isn't exactly as passive as it sounds. Between finding tenants, collecting rent, covering repairs, and saving for a down payment, being a landlord takes time — and money. The good news? These days, you don't need to buy a property outright to benefit from real estate investing. Crowdfunding platforms like Arrived, for instance, offer an easier way to get exposure to this income-generating asset class. With Arrived, you can invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving rental income deposits from your investment. Another option is First National Realty Partners (FNRP), which allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on the responsibilities of being a landlord. With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns. Simply answer a few questions — including how much you would like to invest — to start browsing their full list of available properties. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Miami Herald
23-05-2025
- Business
- Miami Herald
Nike delivers bad news for customers
I opened my closet the other day and decided to count how many pairs of Nikes I actually own. The answer? Twenty-two. And just to be clear - that's only my lifestyle sneakers. Workout shoes? NOBULL won that war. Anyway, back to my Nikes. From colorful Dunks I purposely coordinate my outfits with, to Air Max 270s that give me just enough boost to pretend I'm five feet tall, and a shelf full of Jordans that I frankly wear all the time - it's a full-blown Nike situation. Related: Forget layoffs, Nike shares new tribute to Kobe Bryant's legacy Only one pair qualifies as "beaters." The rest? Pristine. I hit them with a Magic Eraser the moment I get home. Scuffs don't stand a chance. I'm not saying I have a problem, but if there's a Nike Anonymous group out there, I might qualify. And while I'm not one of those sneakerheads who doesn't let their kicks touch the ground, I did have my closet custom-built purely to store my shoes. One side is dedicated to sneakers. The other side? Heels. That kind of loyalty is what makes this next part feel like a bit of a betrayal. Let's be real - $5 or $10 isn't a lot…until you realize it's tacked onto almost everything in your cart. Nike (NKE) is raising prices on a wide range of adult sneakers, clothing, and gear, with changes already starting to show up in stores. According to CNBC, most apparel will jump between $2 and $10, while shoes priced above $100 are seeing a $5 to $10 increase. They're leaving kids' stuff and anything under $100 alone (for now), and they're keeping the Air Force 1 at $115 - which feels like Nike trying to say, "See? We're not that bad." Related: Nike troubles mount amid huge C-suite shakeup And sure, brands tweak prices all the time. But this one feels personal. It's not some hyped collab or limited drop. These are the everyday staples people buy again and again, and the core styles that built the brand's whole identity. This is Nike saying, "We know you'll still buy it." And for people like me, they might not be wrong - but I'm definitely noticing. And the company says this is all part of its usual seasonal planning. But with new tariffs looming and manufacturing costs rising, the timing This isn't just a pricing adjustment - it's Nike showing its hand. The brand manufactures a big chunk of its shoes in China and Vietnam, and with new tariffs kicking in, it makes sense that prices are creeping up. But instead of owning that, Nike's playing it cool, framing it as "seasonal planning." Meanwhile, they're discounting more often, trying to clear shelves and get back in shoppers' good graces. And while brands like On and Hoka are gaining ground, Nike's banking on loyalty. They're betting people like me - the ones with 22 pairs lined up in custom closets - will just shrug and keep swiping. But lately, the brand just One minute it's dropping limited editions, the next it's slashing prices or quietly raising them. It's hard to tell what Nike actually stands for right now, and that's starting to show. Related: Nike, rivals sound alarm on looming threat The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
19-05-2025
- Entertainment
- Yahoo
A flight attendant taught me this mommy hack for traveling with my baby — but trolls say it's ‘stupid' and ‘unsafe'
Shoe gotta be kidding, mom. Parents traveling with small children, especially at 30,000 feet in the air, may often find themselves in sticky situations. But this mother's adhesive hack for keeping track of her baby's footwear has frequent flyers flying off the handle. 'Things I learned from my flight attendant sister,' Tsagana, a married mama of two, wrote in the closed-caption of her ill-received tip clip — which has racked up nearly 29 million TikTok views from ticked off audiences. While aboard an aircraft with a little girl on her lap, the lifestyle influencer placed adhesive strips on the bottoms of the tike's Nikes before affixing the sneakers to the back of the seat in front of them. 'This way, your baby's shoes will always be visible,' Tsagana explained in the caption of the problematic post. 'My sister says that after every flight, they find at least two to three baby shoes left behind.' And while this head-in-the-clouds mommy seems to believe her sticky trick goes above and beyond, haters of her hack feel it's just plane tacky. 'Omg.. that is the worst idea … not being very kind to the person in front of you,' noted a naysaying commenter. 'That is the most annoying thing you can do,' a separate critic carped. 'The way I'd recline SO fast,' added a no-nonsense tripper. 'That's the silliest thing I've seen. Smelly shoes your whole flight, plus they will go on your lap when the table goes down … so uncomfortable and impractical,' another ranted. 'Most likely not safe for emergency exit either.' 'Or take the shoes off and place them in the bag — save the person in front of you the irritation and adhesive strips,' an equally unimpressed onlooker spat. Other cabin crew members even chimed in to pooh-pooh the shoe stunt. 'Flight attendant here. Never saw this, never want to see this,' said an air hostess. 'Giving extra work to the staff by removing the sticky thing, not nice at all,' wrote another. 'Unsafe for baby,' a concerned whistleblower warned. 'Turbulence is real!' Tsagana's skyway stunt isn't the only one ruffling a few feathers. Natália Figueroa, a beauty trendsetter and new mom, recently caught a cyber spanking after placing her infant in a makeshift hammock during a flight from Brazil to Miami, Florida. Similar controversy sparked after another traveling mom gifted fellow jetsetters homemade baggies filled with candies and a pair of earplugs, pre-apologizing for any disturbances her newborn might cause during the flight. 'So tired of mothers having to pacify emotionally violent adults because their children are trying to learn and adjust to the world,' wrote a cynic beneath the vid, shared by TikTok hotshot Elliott. 'This was just triggering.'
