Business

Self-Care Is for Everyone and the Business of Viral Mental-Health Merch

The multi-tasking advocacy organization and retailer launched in 2018 with the mission to make healing resources more inclusive for all.

“I know there’s bummer stuff everywhere and it’s hard not to feel helpless sometimes,” Disney Channel alumna Debby Ryan wrote to her 15 million Instagram followers in a caption last March. “But your energy’s more valuable spent on the things you can do something about.”

The accompanying photo, a smiley selfie, was not unlike those that occupy Ryan’s feed. What was notable, though, was the sweatshirt Ryan was wearing in that pixelated rectangle: a dove grey crewneck emblazoned with a rainbow and doodly text that states, “You Are Enough.”

While Ryan didn’t tag the brand behind the pullover, fans (as fans are wont to do) tracked it down immediately. And today, you can get your own version for $39.95 courtesy of Self-Care Is for Everyone, a Philadelphia-based advocacy organization

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Google faces grilling on ad business before U.S. Senate antitrust panel

WASHINGTON (Reuters) – Alphabet Inc’s Google will be questioned about its ad business in a hearing on Tuesday, with a particular focus expected on whether it misused its dominance in online advertising to drive profits.

Senator Mike Lee, a Republican and chair of the U.S. Senate Judiciary Committee’s antitrust panel, is likely to also press Google on allegations that it is opaque in pricing advertising services, as its critics complain.

Lee is expected to express concern that Google may have broken U.S. antitrust law, a source close to the panel said.

The tech giant made a series of purchases, including DoubleClick and AdMob, to help make it the dominant player in online advertising. Google maintains a tight grasp over each of the many steps between an advertiser looking to place an ad and a website looking to host it.

The panel will hear from Don Harrison, who took over as

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Businesses Make Deeper Cuts; Hong Kong Stimulus: Virus Update

(Bloomberg) — Citigroup Inc., Qantas Airways Ltd. and Singapore’s United Overseas Bank Ltd. joined companies worldwide making deeper cost cuts, from property and equipment to staff and pay, as the pandemic persist. U.K. job losses during the crisis reached almost 700,000, fresh data showed.

In India, where infections trail only the U.S., total cases approached 5 million. Hong Kong reported no locally transmitted infections for the first time since early July. The city injected its struggling economy with fresh stimulus and lifted some social distancing measures, including temporarily reopening bars.

A vaccine may be available for “ordinary Chinese” as soon as November, the state-owned Global Times newspaper said. In the U.K., researchers are beginning the first study of whether two experimental vaccines can be inhaled.

Key Developments:

Global Tracker: Cases pass 29.2 million; deaths exceed 928,500Lockdowns halt Europe’s air-travel recovery, threaten jobsLagarde leverages virus to push for greener monetary policyThis

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Fintech Startup Klarna Is Valued at $10.65 Billion in New Funding

Bloomberg

Big Oil Goes Looking for a Career Change

(Bloomberg) — For most of the past century, Big Oil executives found it pretty easy to explain to investors how their businesses worked. Just locate more of the commodities that everyone needed, extract and process them as cheaply as possible, and watch the profits flow.That’s all over now. The change has been so profound that the chief executive officer of BP Plc recently found himself hyping the profit potential of another commodity. “People may not know—BP sells coffee. We sold 150 million cups of coffee last year,” Bernard Looney said in an interview in August, referring to beverage kiosks attached to the company’s fuel stations. “This is a very strong business. It’s a growth business.”Perhaps it was tongue-in-cheek, or a way for the leader of the world’s fifth-largest international oil company to emphasize a relationship with consumers. But it’s clear Looney

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Is Slow Fashion the New Luxury?

Fashion, like trouser silhouettes, tends to change course once the pendulum swings too far in one direction. And if fast fashion defined the 2010s, slow fashion may be the marker of the new decade.

For years, the industry has pushed mass production and consumption at a clip so rapid that quick-turn, quick-churn fashion is now falling out of favor and making way for its more measured counterpart. COVID-19 has helped accelerate this redefinition of fashion — both luxury and at other price points — as clothing crafted with sustainability at the fore.

“The pandemic has helped foster a ‘buy less, buy better’ mentality with interest sparking in products with more value and longevity over disposable fast fashion. There has been a greater push on artisan products and items with a focus on craftsmanship, further backing the slow-fashion trend,” said Kayla Marci, market analyst at retail intelligence platform Edited. Creating exclusivity

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Nvidia Deal Threatens Arm’s Status as the Switzerland of Chips

(Bloomberg) — Nvidia Corp.’s record deal to buy Arm Ltd. will encounter major hurdles from regulators in countries sparring over trade and customers concerned the transaction will limit competition and unfairly favor Arm’s future owner.

After announcing the $40 billion agreement on Sunday, Nvidia Chief Executive Officer Jensen Huang and his counterpart at Arm, Simon Segars, defended the combination in briefings spanning several times zones. They both acknowledged their work is just beginning.

“Jensen is probably in for the battle of his life,” said Sanford C. Bernstein analyst Stacy Rasgon. “They will need approvals from virtually everywhere given Arm’s ubiquity. And we would imagine the bulk of Arm’s current licensees will be (no pun intended) up in arms.”

Arm’s chip designs and instruction set, the code used by chips to communicate with software, are a key part of smartphones, autonomous vehicles and billions of sensors. They are also becoming more

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Apple’s online store plan for India is the right move at the right time

Apple Inc is adapting to the pandemic. For instance, the company’s “Time Flies” event on Sept. 16 will be held virtually, just like its Worldwide Developers Conference in June. In India, the pandemic-linked innovation will soon include a move that could revamp its retail experience.

The Cupertino-based company is reportedly launching an online store in the world’s second-largest smartphone market later this month. Apple did not respond to Quartz’s request for comment.

This comes after the company spent years lobbying for direct retail stores in the country, and got approval for the same only last year. However, coronavirus threw a spanner in the works for physical stores.

Experts say this is the perfect time for Apple to make an e-tail move. The company is witnessing favourable market reforms, it has boosted domestic production, and there has been a spike in demand for iPhone 11 and the new SE models. Meanwhile,

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Did Oracle offer a TikTok deal to serve Trump?

Here are some of the strange things about Oracle’s deal for TikTok’s U.S. social media platform that make it seem like a sop to President Trump.

— Structuring the deal as one in which Oracle is a “trusted tech partner” of TikTok rather than an outright buyer doesn’t do anything to wall off the app from its Chinese founders, which supposedly was at the heart of Trump’s concern about the app.

— TikTok, which allows users to post short videos online, is a major hit among consumers, especially young users. To say Oracle has never served that market would be a huge understatement; Oracle’s core market is business — most consumers are probably unaware it even exists.

The White House accepting such a deal would demonstrate that this exercise was pure grift.

Alex Stamos, Facebook’s former security chief

— Trump seemed to put his thumb on the scale favoring Oracle

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Brentwood’s Diesel bookstore launches a GoFundMe as more stores struggle through pandemic

Diesel bookseller Lynn Aime makes a sale next to a sign asking customers to contribute to the shop's GoFundMe. <span class="copyright">(Genaro Molina / Los Angeles Times)</span>
Diesel bookseller Lynn Aime makes a sale next to a sign asking customers to contribute to the shop’s GoFundMe. (Genaro Molina / Los Angeles Times)

Next to a bottle of hand sanitizer, on a table at an entrance to Brentwood’s Diesel bookstore, is a message to customers describing an existential crisis induced by a pandemic. It says, in essence: We need your help.

“We have tried to weather this storm, with creative reinvention, hard work, and perseverance, as we always have,” reads the note from Diesel owners Alison Reid and John Evans. “We’ve managed to keep our booksellers afloat financially and with the necessary health care. But at this point, our stores are foundering.

“… So we are asking for your support to restore us to a sustainable level, to make it through this taxing time… We have resisted this appeal to our wider community, but now we are running

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TikTok owner picks Oracle over Microsoft as US tech partner

TikTok said in a statement Monday that its proposal to the Treasury Department should ‘resolve the Administration’s security concerns’

Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider,” beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S.

Oracle spokeswoman Deborah Hellinger said she was confirming remarks made by U.S. Treasury Secretary Steven Mnuchin, who told CNBC on Monday that TikTok’s parent company, ByteDance, submitted its proposal to the U.S. government for approval.

Read More: White TikTok star dragged for claiming Ashanti’s classic ‘Foolish’ was her ‘new song’

“We did get a proposal over the weekend that includes Oracle as the trusted technology partner with Oracle making many representations for national security issues,” Mnuchin said.

Mnuchin said there’s also a commitment to make TikTok’s global operations a U.S.-headquartered company

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