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	<title>early &#8211; Our Story Insight</title>
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		<title>Theranos founder Elizabeth Holmes asks Trump for early prison release after fraud conviction</title>
		<link>https://www.ourstoryinsight.com/theranos-founder-elizabeth-holmes-asks-trump-for-early-prison-release-after-fraud-conviction/</link>
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		<pubDate>Wed, 21 Jan 2026 23:42:14 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[asks]]></category>
		<category><![CDATA[conviction]]></category>
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		<category><![CDATA[Elizabeth]]></category>
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					<description><![CDATA[<p>Elizabeth Holmes, the founder of now-defunct blood testing startup Theranos, has asked U.S. President Donald Trump to release her from prison with nearly six years left before she is eligible for release. Holmes sought to commute her 11-1/4-year sentence last year and her request remains pending, according to the U.S. Department of Justice’s Office of the Pardon [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/theranos-founder-elizabeth-holmes-asks-trump-for-early-prison-release-after-fraud-conviction/">Theranos founder Elizabeth Holmes asks Trump for early prison release after fraud conviction</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Elizabeth Holmes, the founder of now-defunct blood testing startup Theranos, has asked U.S. President Donald Trump to release her from prison with nearly six years left before she is eligible for release.</p>
<p>Holmes sought to commute her 11-1/4-year sentence last year and her request remains pending, according to the U.S. Department of Justice’s Office of the Pardon Attorney.</p>
<p>Now 41, Holmes was convicted in 2022 on four counts of wire fraud and conspiracy for cheating investors, and ordered to pay $452 million in restitution. A federal appeals court upheld her conviction and sentence last February.</p>
<p>Theranos founder Elizabeth Holmes was sentenced to 11 years in prison in 2022. <span class="credit">REUTERS</span></p>
<p>Prosecutors said Holmes lied to investors from 2010 to 2015 by promising Theranos’ technology could run many medical tests on one blood drop from a finger prick.</p>
<p>Theranos was once valued at $9 billion, and Forbes magazine estimated Holmes’ net worth at $4.5 billion in 2015.</p>
<p>Holmes would still owe restitution if Trump released her from prison, but would not owe it, opens new tab if he pardoned her.</p>
<p>She is housed at a minimum security federal prison camp in Bryan, Texas, and eligible for release in December 2031.</p>
<p>Holmes, shown last year, is housed at a minimum security federal prison camp in Bryan, Texas, and eligible for release in December 2031. <span class="credit">REUTERS</span></p>
<p>The White House declined to comment on Holmes’ request. Lawyers for Holmes did not immediately respond to requests for comment.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/theranos-founder-elizabeth-holmes-asks-trump-for-early-prison-release-after-fraud-conviction/">Theranos founder Elizabeth Holmes asks Trump for early prison release after fraud conviction</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Early education real estate is luring big money for small kids&#8217; care</title>
		<link>https://www.ourstoryinsight.com/early-education-real-estate-is-luring-big-money-for-small-kids-care/</link>
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		<pubDate>Wed, 03 Dec 2025 13:13:22 +0000</pubDate>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=11284</guid>

					<description><![CDATA[<p>A Fortec adaptive reuse project in Barrington, Illinois. Courtesy: Fortec A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/early-education-real-estate-is-luring-big-money-for-small-kids-care/">Early education real estate is luring big money for small kids&#8217; care</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<p>A Fortec adaptive reuse project in Barrington, Illinois.</p>
<p>Courtesy: Fortec</p>
<p>A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.</p>
<p>Rising demand from parents for early education is causing a boom in a small but fast-growing subsector of commercial real estate. The sector is so undersupplied that it&#8217;s increasingly attractive to both developers and investors. </p>
<p>The U.S. child-care market is currently valued at $65.2 billion and is projected to grow to $109.9 billion by 2033, according to a report from CRE brokerage B+E, citing data from Grand View Research. The surge is being driven by return-to-office trends for parents, advancements in educational technologies, and increased government funding — particularly for single and working mothers. </p>
<p>And real estate is a huge part of the story.</p>
<p>Since the end of 2024, the number of early education properties available for sale has grown by 14%, reaching a total of 158, according to B+E, which specializes in net leasing. While some operators own their facilities, a significant number of centers, especially large national chains like <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-2">KinderCare<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> and The Learning Experience use net lease structures, in which tenants are responsible for property expenses like taxes, insurance and maintenance</p>
<p>The number of available properties with more than 10 years remaining on their lease terms increased by 12% in 2025, according to B+E. </p>
<p>&#8220;This is the stuff that banks love to lend on,&#8221; said Camille Renshaw, CEO of B+E. &#8220;It shows you that the vast majority of stuff coming on the market is developers finally getting a new tenant. That is coming to the market for investors and is very exciting.&#8221;</p>
<p>During the pandemic, a lot of families moved to more rural areas, where there are fewer child-care facilities. Developers are looking to capitalize on these so-called child-care deserts. </p>
<h2 class="RelatedContent-header">Get Property Play directly to your inbox</h2>
<p>CNBC&#8217;s Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox.</p>
<p>Subscribe here to get access today.</p>
<p>Fortec, a national developer specializing in early childhood education projects, just announced a partnership with Equiturn, a global financial advisory firm, to launch a $100 million early education real estate fund. </p>
<p>&#8220;The first thing that we want to do with this fund is to institutionalize this sector,&#8221; said Pablo Barreiro, chairman of Fortec. &#8220;A lot of people that invest in triple net [a type of net lease], in a lot of real estate, they&#8217;ve never heard about this sector, and it&#8217;s a very good sector, because you have really good tenants with good credit.&#8221;</p>
<p>In addition, there is a fundamental supply gap. Of the 14.7 million U.S. children under 6 years of age who need daily care, only 8.7 million are currently enrolled in formal programs, leaving a 6 million child shortfall, according to data from the U.S. Census Bureau. Waitlists to enroll a child average six months, and 13% of families wait a year or more, according to the data. Even partial catch-up would materially lift center demand, despite a modest population decline in the under-6 cohort projected through 2030.</p>
<p>&#8220;Fifty-one percent of areas in America are what is called a child-care desert. A child-care desert means basically that [there] is three times the demand for every seat of supply that is available,&#8221; said Barreiro.</p>
<p>A Fortec adaptive reuse project in Barrington, Illinois.</p>
<p>Courtesy: Fortec</p>
<p>Until now, early education real estate has been largely a fragmented, local business, much like single-family rental housing. There are REITs that own some early education properties, but child care is usually a very small portion of their total holdings. The category has yet to be defined as its own asset class and scaled. </p>
<p>This is very similar to where senior housing or medical offices were before they became recognized as institutional real estate sectors, according to Fortec, which is looking to legitimize the subsector with its new fund. </p>
<p>Fortec has completed more than $230 million in transactions across 13 states over the past five years, and this fund expands that footprint. Equiturn is leading fundraising and investor outreach. </p>
<p>Investor interest in early childhood has previously been most significant among single- and multifamily offices, which point to its economic resilience. A recent note from Aceana Group, a Florida-based single-family office, highlighted the sector&#8217;s persistent demand and strong unit economics as well as the increasing recognition of child care as essential infrastructure rather than a discretionary service.</p>
<p>&#8220;Larger centres typically generate millions of dollars in annual revenue, with double-digit profit margins once occupancy stabilizes,&#8221; the Aceana note said. &#8220;Most operators lease their facilities on long-term, triple-net agreements with built-in annual escalations, which shift expenses to the tenant and provide landlords with bond-like income streams.&#8221;</p>
<p>This offers a hedge against inflation, making them particularly appealing in today&#8217;s environment. Institutional investors are starting to take notice. </p>
<p>&#8220;A lot of big institutions are investing on the operation side of early education,&#8221; said Barreiro. &#8220;I&#8217;m starting to see some of these big institutions starting to look at this now, but in order for them to invest we need to create a product that also goes with the numbers that they are looking at and also with the risk that they&#8217;re looking at.&#8221; </p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/early-education-real-estate-is-luring-big-money-for-small-kids-care/">Early education real estate is luring big money for small kids&#8217; care</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>ONE PIECE Grabs Early Season 3 Renewal at Netflix</title>
		<link>https://www.ourstoryinsight.com/one-piece-grabs-early-season-3-renewal-at-netflix/</link>
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		<pubDate>Sat, 30 Aug 2025 09:02:17 +0000</pubDate>
				<category><![CDATA[Literature]]></category>
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		<guid isPermaLink="false">https://www.ourstoryinsight.com/?p=9101</guid>

					<description><![CDATA[<p>This content contains affiliate links. When you buy through these links, we may earn an affiliate commission. Eileen&#8217;s primary literary love is comic books, but she’s always on the lookout for her next literary adventure no matter what form it takes. She has a Bachelor&#8217;s in media studies, a Master&#8217;s in digital communication, a smattering [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/one-piece-grabs-early-season-3-renewal-at-netflix/">ONE PIECE Grabs Early Season 3 Renewal at Netflix</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>This content contains affiliate links. When you buy through these links, we may earn an affiliate commission.</p>
<p>			<span class="author-bio--auth-inner"></p>
<p class="author-bio--description">Eileen&#8217;s primary literary love is comic books, but she’s always on the lookout for her next literary adventure no matter what form it takes. She has a Bachelor&#8217;s in media studies, a Master&#8217;s in digital communication, a smattering of published short stories, and a seriously cute dog. Follow her on Bluesky.</p>
<p class="author-bio--posts-link">View All posts by Eileen Gonzalez</p>
<p>			</span></p>
<p>It sure has been a month in terms of comics news, hasn’t it? Here are some of the highlights–and lowlights–from the past couple of weeks. There’s a lot here, so buckle in. </p>
<h3 class="wp-block-heading">News About DC and Marvel</h3>
<ul class="wp-block-list">
<li>Terence Stamp, best known to superhero fans as the bombastic General Zod in Superman 2 (though I recommend giving The Adventures of Priscilla, Queen of the Desert a watch), passed away on August 17.</li>
<li>Erstwhile Superman Dean Cain continues to prove that he has never and will never understand the character. In early August, he announced that he had joined ICE so he could personally brutalize and terrorize innocent people, including children. Incidentally, if you have a few bucks to throw at RAICES or other immigrants’ rights organizations, now would be a good time.</li>
<li>James Gunn’s Superman is out on digital already! Yay!</li>
<li>Have you seen the original art for this Spider-Man page? It was stolen from comics art collector Albert Moy, who is offering a $20,000 reward.</li>
<li>The Handmaid’s Tale‘s Max Minghella has joined the cast of DC’s horror take on Clayface.</li>
<li>We’re learning more about the upcoming Marvel/DC crossover event! Who wants to see Harley Quinn annoying the Hulk?</li>
<li>Marvel has announced a new ongoing series about Doctor Strange, Sorcerer Supreme…of Asgard.</li>
</ul>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/one-piece-grabs-early-season-3-renewal-at-netflix/">ONE PIECE Grabs Early Season 3 Renewal at Netflix</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Skydance reportedly in early talks to buy Bari Weiss&#8217; The Free Press</title>
		<link>https://www.ourstoryinsight.com/skydance-reportedly-in-early-talks-to-buy-bari-weiss-the-free-press/</link>
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		<pubDate>Sat, 12 Jul 2025 15:31:22 +0000</pubDate>
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					<description><![CDATA[<p>Skydance CEO David Ellison has reportedly held talks with Bari Weiss to buy her online news site The Free Press — fueling growing speculation that he is wooing the right-of-center voice to join CBS News once his company’s long-stalled merger with Paramount is approved.  The discussions are in the early stages, a source close to [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/skydance-reportedly-in-early-talks-to-buy-bari-weiss-the-free-press/">Skydance reportedly in early talks to buy Bari Weiss&#8217; The Free Press</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Skydance CEO David Ellison has reportedly held talks with Bari Weiss to buy her online news site The Free Press — fueling growing speculation that he is wooing the right-of-center voice to join CBS News once his company’s long-stalled merger with Paramount is approved. </p>
<p>The discussions are in the early stages, a source close to the situation told The Post on Friday.</p>
<p>Ellison and Weiss — an opinion writer who started The Free Press in 2021 after a public falling out with the left-leaning New York Times — were both spotted attending this week’s Allen &#038; Co. conference in Sun Valley, Idaho. The annual “summer camp for billionaires” has historically been a deal-making hotbed. </p>
<p>The Free Press founder Bari Weiss, who was spotted in Sun Valley, is in sale talks with Skydance boss David Ellison. <span class="credit">Getty Images</span></p>
<p>Allen &#038; Co. is a shareholder in The Free Press, along with more than 30 other investors that include venture capitalists Marc Andreessen and David Sacks, and the former Starbucks chief executive Howard Schultz, according to the Times, which first reported deal talks.</p>
<p>Ellison and Weiss have discussed several potential collaborations, including a role for Weiss in shaping CBS News’ editorial direction, though not in a managerial capacity, the Times added, citing two sources.</p>
<p>Skydance declined to comment. Weiss did not immediately return requests for comment.</p>
<p>Ellison has reportedly “quietly courted” Weiss to bring her on board at CBS News in some high-profile capacity for months. The duo reportedly met in New York City last year, with news of the meeting ruffling feathers at “60 Minutes,” the Status newsletter reported last month</p>
<p>Ellison, who is poised to take over CBS-parent Paramount Global, has been tipped to take a major role reshaping CBS News. <span class="credit">AFP via Getty Images</span></p>
<p>The latest talks come as Skydance awaits approval from the Federal Communications Commission on its $8 billion merger with CBS News parent  Paramount Global. </p>
<p>The deal has been throttled by President Trump-nominated FCC Chair Brendan Carr as the agency  investigates the network’s alleged liberal media bias, as well as its Diversity, Equity and Inclusion initiatives.</p>
<p>Last week, CBS News agreed to pay $16 million to settle a lawsuit brought by Trump for allegedly deceptively editing a “60 Minutes” interview with his Democratic challenger Kamala Harris shortly before the election.</p>
<p>A CBS News source told The Post that bringing on Weiss won’t change that network’s “woke” drift, citing its culture of pushing back on authority.</p>
<p>“What Ellison needs to understand is that the anchors and the show executives think they can outlast any executive choice,” the source said, citing a revolving door of news executives and news presidents in the last few years. </p>
<p>The person descibed a “drag-your-feet” culture, in which new executives try to make bold moves, but they are ultimately ignored by the staff, who pays lip-service to them and wait until they’re pushed out. </p>
<p>Weiss (left) and her wife, Nellie Bowles in Sun Valley. <span class="credit">Andrew H. Walker/Shutterstock</span></p>
<p>“Bari Weiss will have an axe in her head in three minutes,” the person concluded.</p>
<p>In the spring, longtime “60 Minutes” executive producer Bill Owens quit in protest, citing a lack of editorial freedoms. His boss, CBS News CEO Wendy McMahon, followed suit.</p>
<p>Weiss quit the Times opinions sections because she felt that the Gray Lady’s left-wing culture was hostile to moderate and conservative voices.</p>
<p>Paramount recently settled its lawsuit with President Trump over its Kamala Harris sitdown, to the dismay of “60 Minutes” staffers. <span class="credit">60 Minutes</span></p>
<p>She launched The Free Press with her wife, former Times journalist Nellie Bowles, and Weiss’ sister Suzy Weiss, a former New York Post reporter.</p>
<p>The trio started the publication as an alternative to left-leaning outlets and sought to cover current events with a “common sense” point of view, tackling subjects such as anti-Semitism on college campuses, the debate over transgender rights in women’s sports, media bias and wokism.</p>
<p>Weiss has championed stories that shed a light on antisemitism across America and Europe following Hamas’ October 7 massacre in Israel, as well as developing a podcast series called “The Witch Trials of J. K. Rowling,” featuring interviews with the “Harry Potter” author, and others, over her controversial views on transgender people.</p>
<p>FCC chair Brendan Carr is responsible for greenlighting the Skydance-Paramount merger.  <span class="credit">Michael Brochstein/ZUMA / SplashNews.com</span></p>
<p>She also hired veteran NPR journalist Uri Berliner, who resigned from the liberal outlet after being suspended for criticizing how the mainstream media — and his employer — had lost the public’s trust by approaching stories with a progressive bend.</p>
<p>It also hosts a series of live events that dig into hot topics such as immrigration and crime.</p>
<p>As of last summer, The Free Press had more than 50 employees and offices on both coasts. </p>
<p>The site has more than 136,000 subscribers paying around $8 a month,  Axios reported in late December. The Times estimated that the site has roughly 1.5 million free and paid subscribers in total.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/skydance-reportedly-in-early-talks-to-buy-bari-weiss-the-free-press/">Skydance reportedly in early talks to buy Bari Weiss&#8217; The Free Press</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses</title>
		<link>https://www.ourstoryinsight.com/early-crypto-traders-had-speedy-profit-on-trump-coin-as-others-suffered-losses/</link>
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		<pubDate>Sun, 09 Feb 2025 13:20:34 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
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					<description><![CDATA[<p>The curious trade came a little past 9 p.m. on Jan. 17 — a $1,096,109 bet less than two minutes after the soon-to-be president of the United States posted on his social media account that his family had issued a cryptocurrency called $Trump. In those first minutes, a crypto wallet with a unique identification code [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/early-crypto-traders-had-speedy-profit-on-trump-coin-as-others-suffered-losses/">Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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<p class="css-at9mc1 evys1bk0">The curious trade came a little past 9 p.m. on Jan. 17 — a $1,096,109 bet less than two minutes after the soon-to-be president of the United States posted on his social media account that his family had issued a cryptocurrency called $Trump.</p>
<p class="css-at9mc1 evys1bk0">In those first minutes, a crypto wallet with a unique identification code beginning 6QSc2Cx secured a giant load of these new tokens — 5,971,750 of them — at the opening sale price of just 18 cents each, starting a surge in the $Trump price that would soon reach $75 per token.</p>
<p class="css-at9mc1 evys1bk0">This early trader, whose identity is not known, walked away with a two-day profit of as much as $109 million, according to an analysis performed for The New York Times.</p>
<p class="css-at9mc1 evys1bk0">But the fast profits for early traders, whose names are unknown but some of whom appear to be based in China, came at the expense of a far larger number of slower investors who have cumulatively suffered more than $2 billion in losses after the price of the token crashed.</p>
<p class="css-at9mc1 evys1bk0">As of the middle of this week, more than 810,000 wallets had lost money on the bet, according to an examination that the crypto forensics firm Chainalysis performed for The New York Times. The total losses are almost certainly much larger: The data does not include transactions that took place on a series of popular crypto marketplaces that started offering the coin only after its price had already surged.</p>
<p class="css-at9mc1 evys1bk0">The price of $Trump hovered around $17 this week, less than a quarter of its $75 peak value.</p>
<p class="css-at9mc1 evys1bk0">Whether people made or lost money, it was stellar business for the Trumps. Nearly $100 million in trading fees have flowed to the family and its partners, although most of that has not yet been cashed out, the Chainalysis data shows.</p>
<p class="css-at9mc1 evys1bk0">President Trump set off this scramble three days before he was inaugurated, triggering a rapid boom-and-bust sequence that has now raised broader questions about the speculative dangers of so-called memecoins, a type of cryptocurrency based on an online joke or celebrity mascot.</p>
<p class="css-at9mc1 evys1bk0">He promoted the coin on his own social media platform, as well as Elon Musk’s X, saying: “Join my very special Trump Community. GET YOUR $TRUMP NOW.”</p>
<p class="css-at9mc1 evys1bk0">The chain of events is hardly surprising, several former state and federal financial regulators said.</p>
<p class="css-at9mc1 evys1bk0">It is effectively a part of the design of the entire memecoin industry, which is legal but largely unregulated. The trading is built on large early buys by sophisticated traders who pump up the price, only to sell their holdings as less experienced retail investors follow their lead and buy in, and often end up with losses.</p>
<p class="css-at9mc1 evys1bk0">What makes this situation particularly troubling, to government watchdogs and former regulators, is that the Trump family is profiting from this exploitative pattern at the same time that Mr. Trump is rapidly moving to bring an abrupt end to a regulatory crackdown on crypto by several government agencies.</p>
<p class="css-at9mc1 evys1bk0">“The president is participating in shady crypto schemes that harm investors while at the same time appointing financial regulators who will roll back protections for victims and who may insulate him and his family from enforcement,” said Corey Frayer, who recently left a post as a crypto adviser to the Securities and Exchange Commission.</p>
<p class="css-at9mc1 evys1bk0">The losses on the $Trump bet were very real for hundreds of thousands of investors, including some who are vocal supporters of Mr. Trump. </p>
<p class="css-at9mc1 evys1bk0">In the days before Mr. Trump was sworn in, Shawn M. Whitson, 40, of Walnut Cove, N.C., owner of a small computer repair business, had celebrated Mr. Trump’s return to the White House. “Today, we take our country back!” Mr. Whitson wrote, with a photo of Mr. Trump, on Inauguration Day. He also expressed hope that $Trump would rise in price.</p>
<p class="css-at9mc1 evys1bk0">But by the end of January, Mr. Whitson was fed up. “Done with this $Trump crap,” he wrote in a social media posting.<span class="css-8l6xbc evw5hdy0">  </span>Mr. Whitson, reached by The Times on Friday expressed disappointment. “That coin is a joke.”</p>
<p class="css-at9mc1 evys1bk0">Over the past six months, President Trump and his sons have made a series of aggressive forays into the crypto industry. As Mr. Trump promoted crypto on the campaign trail, he also helped start a company called World Liberty Financial, which offered a digital currency called $WLFI to certain wealthy investors with experience in financial markets.</p>
<p class="css-at9mc1 evys1bk0">Last week, Trump Media &#038; Technology Group, the parent company of Mr. Trump’s social media platform, Truth Social, announced that it was moving into the financial services industry by creating a brand known as TruthFi that will offer investment products tied to Bitcoin.</p>
<p class="css-at9mc1 evys1bk0">Trump Media’s chief executive, Devin Nunes, called the offerings “a competitive alternative to the woke funds and debanking problems that you find throughout the market.”</p>
<p class="css-at9mc1 evys1bk0">But the debut of the $Trump memecoin was the first time the Trump family had marketed a new crypto token directly to ordinary investors.</p>
<p class="css-at9mc1 evys1bk0">At the request of The Times, crypto experts reconstructed some of the early trades made by buyers of Mr. Trump’s token, examining their profit taking and how, once the initial buyers started to dump their holdings, the price of $Trump then crashed, hurting other investors.</p>
<p class="css-at9mc1 evys1bk0">The analysis of crypto transaction records was executed by the forensic firms Nansen and Chainalysis as well as by Molly White, an independent crypto researcher who is often critical of the industry. The data was then reviewed by The Times.</p>
<p class="css-at9mc1 evys1bk0">This pattern of big, fast buyers entering and then selling out of their memecoin holdings is part of the reason that state regulators in New York recently warned consumers about these offerings, saying that “creators or their associates artificially inflate the price of the coins and then sell their own coins rapidly at an inflated price, reaping substantial profits while causing the price to crash.”</p>
<p class="css-at9mc1 evys1bk0">New York regulators called these maneuvers “pump-and-dump schemes” and said they can leave buyers who come in late with big losses.</p>
<p class="css-at9mc1 evys1bk0">No evidence has emerged that Mr. Trump or his associates artificially inflated the coin’s price or engaged in insider trading. Asked about the early $Trump trades and profit taking, the president’s middle son, Eric Trump, declined to comment.</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-5bb9541d">The Starting Gun</h2>
<p class="css-at9mc1 evys1bk0">In the crypto world, every transaction is recorded on a publicly viewable ledger known as a blockchain. Typically, the names of the people making trades remain hidden, with each account identified only by a long chain of letters and numbers.</p>
<p class="css-at9mc1 evys1bk0">The blockchain allows crypto analysts to go back and look at new offerings and decipher what each wallet did — when it first invested, when it transferred any tokens or sold them off, and what the ultimate profit and loss turned out to be for every play. This analysis can also point to anomalies in trades that raise questions.</p>
<p class="css-at9mc1 evys1bk0">For example, blockchain records show that the $Trump token was “minted” at 9:01 a.m. Eastern time on Jan. 17, creating a so-called contract address. It was not announced by Mr. Trump for another 12 hours.</p>
<p class="css-at9mc1 evys1bk0">But the account behind the first large public purchase — the $1,096,109 bet — was created about three hours before Mr. Trump launched the coin, an analysis of public crypto transaction records found. It had been filled that evening with virtual currencies, seemingly ready to pounce on a new offering.</p>
<p class="css-at9mc1 evys1bk0">The well-timed trades, and the fact that the wallet received its funding shortly before Mr. Trump’s coin launched, immediately drew skepticism from crypto analysts, who speculated that a trader had been acting on inside information.</p>
<p class="css-at9mc1 evys1bk0">In the crypto world, pinning down the person behind a trade is sometimes impossible. It is common for people to post big and sometimes unverifiable claims on social media before abruptly disappearing, making it difficult for amateur investors to distinguish legitimate investments from scams.</p>
<p class="css-at9mc1 evys1bk0">This month, an X account claiming to represent a Dubai-based crypto trader named Syed Sameer posted that he was the owner of one of the wallets that had orchestrated the first giant $Trump trade worth $1.1 million.</p>
<p class="css-at9mc1 evys1bk0">Mr. Sameer, who also claimed to be an investor in World Liberty Financial, was subsequently accused on X of using insider information to get in early on the $Trump token.</p>
<p class="css-at9mc1 evys1bk0">But the examination by The Times found inconsistencies in the claims on Mr. Sameer’s website and X account. After he was confronted with those issues, Mr. Sameer said in messages on the chat app Telegram that he did not actually control the wallet.</p>
<p class="css-at9mc1 evys1bk0">Mr. Sameer had lied about it “for clout, to be honest with you,” he said. “I know it’s stupid and childish but yeah, I was messing about.”</p>
<h2 class="css-13o6u42 eoo0vm40" id="link-561153a9">The Lucky 31</h2>
<p class="css-at9mc1 evys1bk0">What is clear, based on blockchain records, is that the person behind that $1.1 million trade is a big player among the hordes of professional traders who rapidly buy up and then sell off new memecoins, trying to cash in on speculative surges as the coins are issued.</p>
<p class="css-at9mc1 evys1bk0">After making the purchase, the owner of the account then rapidly moved to sell the coins, generating a profit of at least $50 million, according to the analysis of the transaction by Aurelie Barthere of Nansen. Further sales brought the total profits to $109 million, according to the review by Ms. White.</p>
<p class="css-at9mc1 evys1bk0">Other large $Trump trades have also drawn attention, including one by a trader who started buying the coin about two minutes after it was launched. The trader then sold those $Trump tokens in less than a half an hour, with a net profit of $2.7 million, the blockchain shows.</p>
<p class="css-at9mc1 evys1bk0">Just under 700,000 wallets recorded gains on $Trump, the examination by Chainalysis shows. The early trades were some of the most profitable: 31 of these large early traders made $669 million in profits in a matter of days, according to the Nansen analysis.</p>
<p class="css-at9mc1 evys1bk0">But for every winner, there were even more losers.</p>
<p class="css-at9mc1 evys1bk0">Across the first 19 days of trading, a total of 813,294 wallets registered losses, either by cashing out at a loss or holding onto coins that had plummeted in value.</p>
<p class="css-at9mc1 evys1bk0">The losers — those who paid more for the token than it is now worth — cumulatively have lost $2 billion, in actual or paper losses. Still, many of these traders are holding on to their money-losing tokens, perhaps hopeful that the price will rise again, the data shows.</p>
<p class="css-at9mc1 evys1bk0">The profits mostly secured by the early buyers were enormous: a total of $6.6 billion in cashed-out profits, according to Chainalysis.</p>
<p class="css-at9mc1 evys1bk0">This is a familiar pattern for crypto traders. A few weeks before the $Trump launch, some of the same wallets that bought the president’s token also traded a memecoin called Hawk Tuah, promoted by the social media influencer Haliey Welch.</p>
<p class="css-at9mc1 evys1bk0">The Hawk Tuah coin surged in December after it was first introduced to a $490 million market capitalization, and then crashed to $10 million as of this week, leaving thousands of investors with losses and generating a lawsuit claiming it had “created a speculative frenzy” and violated federal law. (Ms. Welch said on X that she was “fully cooperating with and am committed to assisting the legal team representing the individuals impacted.”)</p>
<p class="css-at9mc1 evys1bk0">“This is similar to sports betting or gambling,” said Gareth Rhodes, a former deputy superintendent at the New York State Department of Financial Services, which helps regulate the crypto industry and other financial services companies. “The retail customer putting in their funds is doing so at risk of losing most if not all of it with the hope of an outsize payoff.”</p>
<p class="css-798hid etfikam0">Sheelagh McNeill contributed research.</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/early-crypto-traders-had-speedy-profit-on-trump-coin-as-others-suffered-losses/">Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>C. Richard Kramlich, Early Investor in Silicon Valley, Dies at 89</title>
		<link>https://www.ourstoryinsight.com/c-richard-kramlich-early-investor-in-silicon-valley-dies-at-89/</link>
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		<pubDate>Fri, 07 Feb 2025 09:15:11 +0000</pubDate>
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					<description><![CDATA[<p>C. Richard Kramlich, an early investor in Silicon Valley who co-founded the investment giant New Enterprise Associates, helping to fuel the booming tech industry, died on Saturday at his home in San Francisco. He was 89. His death was announced by New Enterprise Associates. Mr. Kramlich (pronounced CRAM-lick), whose career spanned more than five decades, [&#8230;]</p>
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<p class="css-at9mc1 evys1bk0">C. Richard Kramlich, an early investor in Silicon Valley who co-founded the investment giant New Enterprise Associates, helping to fuel the booming tech industry, died on Saturday at his home in San Francisco. He was 89.</p>
<p class="css-at9mc1 evys1bk0">His death was announced by New Enterprise Associates.</p>
<p class="css-at9mc1 evys1bk0">Mr. Kramlich (pronounced CRAM-lick), whose career spanned more than five decades, was among the earliest backers of Apple Computer; the software companies Silicon Graphics and Macromedia; and the computer networking companies Juniper Networks and 3Com, whose founders invented the Ethernet.</p>
<p class="css-at9mc1 evys1bk0">He co-founded his own firm, New Enterprise Associates, or NEA, building it from an initial $16 million fund in the 1970s to one that now oversees investments of nearly $26 billion.</p>
<p class="css-at9mc1 evys1bk0">But he stood out among Silicon Valley’s sea of swashbuckling financiers because of his grace and kindness, said Scott Sandell, the chief investment officer and executive chairman of NEA. “He believed the venture business was a people business, and he acted accordingly,” he said.</p>
<p class="css-at9mc1 evys1bk0">Charles Richard Kramlich was born on April 27, 1935, in Green Bay, Wis. His father, Irvin Kramlich, was a grocer who started a chain of 25 food stores that Kroger bought in 1955; his mother, Dorothy (Earl) Kramlich, was an aeronautical engineer who later oversaw the household.</p>
<p class="css-at9mc1 evys1bk0">When he was 13, Dick followed in his father’s entrepreneurial footsteps, starting his own “little lightbulb company,” he said in a 2015 interview with the Computer History Museum. “My father encouraged me to do it if I used my own money, and so I bought half a train car worth of lightbulbs from Sylvania Corporation” and resold them from his bedroom.</p>
<p class="css-at9mc1 evys1bk0">He added: “I come from three generations of entrepreneurs, and once you get it in your DNA, everything else is boring.”</p>
<p class="css-at9mc1 evys1bk0">He attended Northwestern University, graduating with a bachelor’s degree in Russian history in 1957, and went on to serve in the Strategic Air Command division of the Air Force. After receiving a master’s degree from Harvard Business School, he went to work for Kroger, and then learned the ropes of investing while working for a firm in Boston.</p>
<p class="css-at9mc1 evys1bk0">In 1969, he landed a coveted job at Arthur Rock &#038; Co., one of the first investment firms to make high-risk bets on unproven technology start-ups. He beat out more than a thousand other applicants, he said in the 2015 interview, by sending Mr. Rock a handwritten letter expressing his desire to find “a bigger life out there.”</p>
<p class="css-at9mc1 evys1bk0">In 1977, he started NEA with Chuck Newhall and Frank Bonsal, two investors he had met in Boston. Persuading others to back their new fund took more than a year, and during that time Mr. Kramlich met a pair of entrepreneurs who were both named Steve (Jobs and Wozniak).</p>
<p class="css-at9mc1 evys1bk0">Their company, Apple Computer, was not as good as two other personal computer companies in the market, Mr. Kramlich said in 2015. But their sense of design and entrepreneurial spark were impressive. “They had pizazz,” he said, “where the other two companies were more engineering oriented.”</p>
<p class="css-at9mc1 evys1bk0">He felt compelled to invest and used his own money to do so. The payoff came three years later, in 1980, when Apple went public. That investment made it possible for Mr. Kramlich to buy a 1927 Tudor house in the Presidio Heights neighborhood of San Francisco; he had bronze apples fashioned as the front gate’s doorknobs to remind him of the windfall. (Last year, he listed the house for sale for $19.5 million.)</p>
<p class="css-at9mc1 evys1bk0">Not long after, he met Pamela Kay Palmer through a mutual friend; they married in 1981.</p>
<p class="css-at9mc1 evys1bk0">Venture capital investing is designed to absorb many losses in pursuit of one home-run deal, leaving a graveyard of failed start-ups along the way. But Mr. Kramlich was known for sticking with struggling investments long after others had abandoned them.</p>
<p class="css-at9mc1 evys1bk0">“He used to say, ‘Never say die,’” Mr. Sandell said.</p>
<p class="css-at9mc1 evys1bk0">In the early 1980s, Forethought, the start-up behind PowerPoint software, was about to run out of money, and NEA’s partners refused to pony up more. So Mr. Kramlich convinced his wife that they should pause work on the house they were building on Stinson Beach and use the cash to keep the company alive instead. The gamble paid off: In 1987, Microsoft bought Forethought for $14 million, and PowerPoint went on to become one of the world’s best-known software programs.</p>
<p class="css-at9mc1 evys1bk0">Financial Engines, an investment advisory start-up backed by NEA, took 18 years to go public and “went through five different business models,” said Jeff Maggioncalda, the company’s chief executive. NEA, he added, patiently held its shares the entire time.</p>
<p class="css-at9mc1 evys1bk0">Thanks to that patience, and to Mr. Kramlich’s kindness, chief executives he had fired or threatened to fire never stopped wanting to work with him.</p>
<p class="css-at9mc1 evys1bk0">“People don’t leave a relationship with Dick with any anger,” said James Clark, a founder of the computer software and hardware company Silicon Graphics, whose board of directors Mr. Kramlich served on. “He’s just a fundamentally good man.”</p>
<p class="css-at9mc1 evys1bk0">In 2002, Mr. Kramlich told Mr. Maggioncalda that he would be pushed out by the end of the year if things didn’t turn around. But Mr. Kramlich’s delivery inspired trust rather than fear, Mr. Maggioncalda recalled: “He said it with a calmness and a supportiveness.” The company recovered, and Mr. Maggioncalda led it through an initial public offering in 2010.</p>
<p class="css-at9mc1 evys1bk0">After Mr. Kramlich retired from NEA in 2012, he continued to pursue a passion for art collecting. He and Ms. Kramlich were among the first private collectors to focus on new media as it emerged as an art form in the late 1980s, and they amassed an extensive collection that emphasized audio and computer art, video, film and photographic slides. Their collection of videos and installations grew to more than 300 pieces — so large that they built a three-level home in Napa Valley to display it.</p>
<p class="css-at9mc1 evys1bk0">In addition to Ms. Kramlich, he is survived by two children, Christina and Richard Kramlich; a stepdaughter, Mary Donna Meredith; and six grandchildren. A son, Peter, died in 2024. Mr. Kramlich was married twice before, to Deborah (Durbrow) Kramlich, whom he divorced in 1966, and to Lynne (Shamburger) Kramlich, who died in 1981.</p>
<p class="css-at9mc1 evys1bk0">In retirement, Mr. Kramlich continued to mentor founders and investors. He also started a new firm, Green Bay Ventures, with Anthony Schiller, a liquefied natural gas entrepreneur. The firm’s investments include Databricks, the A.I. data company; Dropbox, the file storage company; and Xiaomi, the consumer electronics company.</p>
<p class="css-at9mc1 evys1bk0">In their 12 years of working together, Mr. Schiller said in a statement, he learned a lot from Mr. Kramlich.</p>
<p class="css-at9mc1 evys1bk0">“There will be plenty of well-deserved recognition for Dick’s legendary career,” he said. “But he was just as extraordinary as a person. He taught me about dreaming big, loyalty, pride and alignment.”</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/c-richard-kramlich-early-investor-in-silicon-valley-dies-at-89/">C. Richard Kramlich, Early Investor in Silicon Valley, Dies at 89</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Target reports holiday sales early Q4 2024 earnings</title>
		<link>https://www.ourstoryinsight.com/target-reports-holiday-sales-early-q4-2024-earnings/</link>
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		<pubDate>Thu, 16 Jan 2025 14:00:32 +0000</pubDate>
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					<description><![CDATA[<p>Ugly Sweater display, OMG! Santa! I know Him! from the movie Elf, on display in Target store, Queens, New York.  Lindsey Nicholson &#124; Getty Images Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/target-reports-holiday-sales-early-q4-2024-earnings/">Target reports holiday sales early Q4 2024 earnings</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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<p>Ugly Sweater display, OMG! Santa! I know Him! from the movie Elf, on display in Target store, Queens, New York. </p>
<p>Lindsey Nicholson | Getty Images</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Target<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts.</p>
<p>The big-box retailer now expects comparable sales in the fiscal fourth quarter to grow by about 1.5%. That&#8217;s better than its most recent outlook that the metric would be approximately flat. Comparable sales includes sales on Target&#8217;s website and stores open at least 13 months. </p>
<p>Yet the Minneapolis-based discounter did not lift its profit outlook — an indication that deals motivated shoppers. Target anticipates fourth-quarter earnings per share will range from $1.85 to $2.45 and full-year earnings per share will be between $8.30 and $8.90. Target will report full fourth-quarter earnings results March 4.</p>
<p>Target cut its profit guidance in early November after it posted its biggest earnings miss in two years and blamed some of its troubles on softer sales of discretionary merchandise and the costs of preparing for a short-lived<strong> </strong>port strike in October.</p>
<p>Target&#8217;s report is the latest glimpse into a crucial season for the industry. Data so far has suggested it went better than feared, but investors have not been impressed.<strong> </strong><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">Lululemon<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">Abercrombie &#038; Fitch<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">American Eagle<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span>, for example, all raised their fourth-quarter outlooks Monday, but shares of some of those companies traded lower that day.</p>
<p>Black Friday sale signs are seen at a Target store in Chicago on November 26, 2024, ahead of the Black Friday shopping day. </p>
<p>Kamil Krzaczynski | Afp | Getty Images</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-9">Nordstrom<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> on Friday bumped up its full-year sales forecast, but only after a conservative prior outlook. And department store rival <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-11">Macy&#8217;s<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> on Monday said its sales will be at or slightly below the low end of its<strong> </strong>previously stated range of between $7.8 billion and $8.0 billion.</p>
<p>The industry&#8217;s major trade group, the National Retail Federation, is expected to report its holiday sales recap Thursday.</p>
<p>Discounts and sales events have remained a<strong> </strong>significant sales driver, as consumers emerge from a more than two-year stretch of high inflation. It&#8217;s unclear how much those deals will cut into Target&#8217;s and other retailers&#8217; profit margins, and whether sales will keep improving if promotions fade away.</p>
<p>In the combined months of November and December, Target said, total sales increased 2.8% and comparable sales rose 2% year over year. Digital sales grew nearly 9% compared with the year-ago holiday period. </p>
<p>Some of Target&#8217;s growth areas contributed to holiday sales. Its subscription service, Target Circle 360, contributed to a more than 30% year-over-year increase in same-day deliveries in November and December. Sales through the company&#8217;s third-party marketplace, Target Plus, grew close to 50% in that time.</p>
<p>Guest traffic increased nearly 3% during the two holiday months from the year-ago period as online and in-person visits rose, the company said. Target said December marked the eighth consecutive month of year-over-year traffic gains.</p>
<p>Target has made aggressive moves to attract selective shoppers. In May, it said it would cut prices on about 5,000 frequently purchased items, including diapers, bread and milk. And then it announced another wave of price cuts in October on more than 2,000 items during the holiday season, including cold medicine, toys and ice cream. The company said that would amount to more than 10,000 items with price cuts this year by the end of the holiday season.</p>
<p>Black Friday signs at a Target store ahead of Black Friday in Smyrna, Georgia, US, on Tuesday, Nov. 21, 2023. </p>
<p>Elijah Nouvelage | Bloomberg | Getty Images</p>
<p>In a news release Thursday, Target said Black Friday and Cyber Monday saw record-high sales. The company said discretionary categories, especially apparel and toys, saw a &#8220;meaningful sales acceleration&#8221; when compared with the fiscal third quarter. Those categories tend to be higher margin than essentials such as milk and paper towels, but often go on sale during the holiday season.</p>
<p>In remarks at the NRF&#8217;s annual &#8220;Big Show&#8221; conference Monday, Target Chief Operating Officer Rick Gomez said the company saw a sharp jump in sales<strong> </strong>on promotional days such as its Circle Week, an event in early October that coincided with Amazon Prime Day.</p>
<p>&#8220;It was one of our biggest Circle Weeks<strong> </strong>that we have ever had,&#8221; he said. &#8220;But the sales before the week and the sales after the week were lower. There was a dip in sales. The consumer was being very intentional.&#8221;</p>
<p>He said U.S. consumers are &#8220;working on a budget,&#8221; but still are willing to spend on special moments like holidays or on a &#8220;must-have item,&#8221; such as Taylor Swift&#8217;s hardcover book about The Eras Tour. The company sold nearly 1 million copies of the book in the first week of its release.</p>
<p>On Thursday, Target also announced several changes to its leadership team that will start to take effect in early February. Chief Stores Officer Mark Schindele will retire after 25 years at Target and be replaced by Adrienne Costanzo, who is currently senior vice president of store operations.</p>
<p>Chief Information Officer Brett Craig will retire after 15 years with Target and be replaced by Prat Vemana, the company&#8217;s chief digital and product officer. And Sarah Travis will become the company&#8217;s chief digital and revenue officer, a new leadership role, after serving as senior vice president of Roundel, Target&#8217;s advertising business, and social commerce.</p>
<p>Target recently got a new chief financial officer: Jim Lee, the former deputy chief financial officer of PepsiCo, who stepped into the role in late September. He succeeded Michael Fiddelke, who is now Target&#8217;s chief operating officer. </p>
<p>Target is also on track for a leadership change at the top of the company. In fall 2022, Target&#8217;s longtime CEO, Brian Cornell, agreed to stay for three more years in a move that required the company&#8217;s board to scrap its retirement age. Target has not yet announced when his contract ends and who will be his successor. </p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/target-reports-holiday-sales-early-q4-2024-earnings/">Target reports holiday sales early Q4 2024 earnings</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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		<title>Subway ending its $6.99 value meal a month early after corporate office issues decree</title>
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		<pubDate>Wed, 27 Nov 2024 10:12:44 +0000</pubDate>
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					<description><![CDATA[<p>Subway has abruptly ended its $6.99 value meal earlier than expected after the company told its franchisees the deal “is not driving anticipated results.” The fast food chain’s corporate office sent a memo to Subway operators stating that the 6-inch Meal Deal will end on Wednesday, despite being scheduled to end on Dec. 26, Restaurant [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/subway-ending-its-6-99-value-meal-a-month-early-after-corporate-office-issues-decree/">Subway ending its $6.99 value meal a month early after corporate office issues decree</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
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										<content:encoded><![CDATA[<p>Subway has abruptly ended its $6.99 value meal earlier than expected after the company told its franchisees the deal “is not driving anticipated results.”</p>
<p>The fast food chain’s corporate office sent a memo to Subway operators stating that the 6-inch Meal Deal will end on Wednesday, despite being scheduled to end on Dec. 26, Restaurant Business Magazine reported.</p>
<p>The deal, launched on Nov. 3 to celebrate National Sandwich Day, offered customers the option of a six-inch sub, a small fountain drink, a bag of chips, or two regular cookies.</p>
<p>Subway has abruptly ended its 6-inch Meal Deal, which will end on Wednesday.</p>
<p>However, the company alluded that the bargain failed to bring in enough traffic to keep it going for another month.</p>
<p>“The Meal Deal was designed to help drive a lift in traffic, sales and, ultimately, restaurant-level profitability, and delivered on these objectives during the market test,” a memo viewed by Restaurant Business Magazine stated.</p>
<p>“While the national Meal Deal promotion is delivering the expected number of daily redemptions, overall the promotion is not driving the anticipated results.” </p>
<p>The company said it would switch to a digital offer of 20% off any sub ordered on its app through Jan. 5.</p>
<p>Fast-food chains have been offering promotions and meal deals, such as McDonald’s popular $5 Meal Deal, to entice inflation-battered customers.</p>
<p>The company alluded that the bargain failed to bring in enough traffic to keep it going for another month. <span class="credit">Getty Images</span></p>
<p>The Golden Arches recently announced it was extending the value meal through the first half of 2025 and adding a new “buy one, add one” option to its menu.</p>
<p>However, the sub-shop chain has encountered significant pushback from franchisees concerning value perceptions, with some locations not cooperating with value deals, according to Restaurant Business. </p>
<p>Also, about 7,000 locations have closed in the US since 2015 due to falling sales and low unit volumes, the outlet reported.</p>
<p>Still, Subway’s US sales rose 2% last year compared to 2022, according to market research firm Technomic.</p>
<p>The news that Subway would abruptly end its scheduled promotion came just days before CEO John Chidsey announced he would step down at the end of the year.</p>
<p>Chidsey, 62, took over the largest sub-shop chain in 2019 and was the first Subway CEO to come from an outside brand.</p>
<p>During his tenure, he pushed promotions and deals and helped sell Subway to private equity firm Roark Capital in a more than $9 billion deal last year. </p>
<p>Chidsey is expected to stay on as a consultant at Subway to help with international expansion.</p>
<p>Carrie Walsh, Subway’s president of Europe, Middle East, and Africa and the company’s former chief marketing officer, will serve as interim chief executive while the company searches for a permanent replacement.</p>
<p>Subway said it has franchisee commitments to build 10,000 new restaurants, including many locations abroad.</p>
<p>Founded in 1965, Subway has become a top global restaurant chain with 37,000 locations in over 100 countries, according to the restaurant’s website.</p>
<p>Subway restaurants are owned and operated by a franchisee network that includes more than 20,000 dedicated entrepreneurs and small business owners.</p>
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		<title>Take an early peek at Hulu&#8217;s adaptation of Conversations With Friends.  ‹ LiteraryHub</title>
		<link>https://www.ourstoryinsight.com/take-an-early-peek-at-hulus-adaptation-of-conversations-with-friends-literaryhub/</link>
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		<pubDate>Fri, 04 Feb 2022 16:44:02 +0000</pubDate>
				<category><![CDATA[Literature]]></category>
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					<description><![CDATA[<p>February 4, 2022, 8:53am At the risk of reigniting the Sally Rooney Discourse—today, Hulu and BBC Three released a few early images from their upcoming adaptation of Sally Rooney&#8217;s bestselling first novel Conversations With Friends, which will premiere sometime this spring. (If you somehow don&#8217;t know what this novel is about—hi Jon—you can read an [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.ourstoryinsight.com/take-an-early-peek-at-hulus-adaptation-of-conversations-with-friends-literaryhub/">Take an early peek at Hulu&#8217;s adaptation of Conversations With Friends.  ‹ LiteraryHub</a> appeared first on <a rel="nofollow" href="https://www.ourstoryinsight.com">Our Story Insight</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<p>February 4, 2022, 8:53am</p>
<p>At the risk of reigniting the Sally Rooney Discourse—today, Hulu and BBC Three released a few early images from their upcoming adaptation of Sally Rooney&#8217;s bestselling first novel Conversations With Friends, which will premiere sometime this spring.  (If you somehow don&#8217;t know what this novel is about—hi Jon—you can read an excerpt here.) The 12 episode series stars Alison Oliver, Sasha Lane, Joe Alwyn, and Jemima Kirke, whom you can see in all their moody, overthinking it glory here:</p>
<p><span class="caption">  Conversations with Friends — “Episode 2” — At Melissa&#8217;s birthday party, Frances finds herself alone with Nick.  They can&#8217;t resist the attraction between them and kiss.  The next day Frances visits her parents in the country and agonizes over what this turn of events might mean.  Frances (Alison Oliver), shown.  (Photo by: Enda Bowe/Hulu)</span><br />
<span class="caption">  Conversations with Friends — “Episode 4” — Frances and Bobbi travel to Croatia to join Melissa and Nick on holiday.  Having not seen or spoken to Nick in a few weeks, Frances learns that he has had a tough time recently and they both realize that they are still attracted to each other.  Melissa (Jemima Kirke), Bobbi (Sasha Lane), Frances (Alison Oliver), and Nick (Joe Alwyn), shown.  (Photo by: Enda Bowe/Hulu)</span></p>
<p><span class="caption">  Conversations with Friends — “Episode 4” — Frances and Bobbi travel to Croatia to join Melissa and Nick on holiday.  Having not seen or spoken to Nick in a few weeks, Frances learns that he has had a tough time recently and they both realize that they are still attracted to each other.  Bobbi (Sasha Lane), Nick (Joe Alwyn), Frances (Alison Oliver), and Melissa (Jemima Kirke), shown.  (Photo by: Enda Bowe/Hulu)</span></p>
<p><span class="caption">  Conversations with Friends — “Episode 10” — Frances receives a surprise email from Melissa and the groups&#8217; dynamics are tested in unsuspected ways.  Frances&#8217; dad leaves a concerning voicemail and Bobbi also has problems with her family;  she and Frances experience a shift in their friendship.  Nick (Joe Alwyn) and Frances (Alison Oliver), shown.  (Photo by: Enda Bowe/Hulu)</span><br />
<span class="caption">  Conversations with Friends — “Episode 11” — Frances sees a consultant and is given a diagnosis that distresses her.  This news, combined with an upsetting revelation from Nick and an unexpected argument with Bobbi, causes Frances&#8217; life to spiral out of control.  Melissa (Jemima Kirke) and Bobbi (Sasha Lane), shown.  (Photo by: Enda Bowe/Hulu)</span></p>
<p><span class="caption">  Conversations with Friends — “Episode 12” — Frances faces up to the consequences of her actions and attempts to repair her relationship with Bobbi.  She also finds a fragile understanding with her parents.  But as she strives to take control of her life, the question of her and Nick remains.  Bobbi (Sasha Lane) and Frances (Alison Oliver), shown.  (Photo by: Enda Bowe/Hulu)</span></p>
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