takes

West Elm Takes the 15 Percent Pledge to Support Black-Owned Businesses

Photo credit: West Elm
Photo credit: West Elm

From ELLE Decor

As the #blacklivesmatter hashtag slowly stops trending online, how are large corporations going to continue to use their power to make an impact toward economic equality for Black businesses in their respective industries? Aurora James—the founder of Brother Vellies, a luxury accessories brand—came up with the 15 Percent Pledge as a response to the many people and businesses alike who have asked the question, What can we do to help?

The name of the project is derived from the fact that Black Americans make up nearly 15 percent of the U.S. population; the pledge began to go viral after James proposed the idea on her personal Instagram account and directly tagged major retailers such as Target, Sephora, and Whole Foods. When companies sign on to take the pledge, they are promising that at least 15 percent of their shelf space will be devoted

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Louis Vuitton Takes Men’s Show on the Road

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PARIS — New era, new system.

As the fashion world grapples with how to deal with the fallout of the coronavirus pandemic, Louis Vuitton is upending its men’s wear schedule and switching to a seasonless, itinerant model of fashion shows, beginning with physical runway displays in Shanghai on Aug. 6 and in Tokyo at a later date.

Titled “Message in a Bottle,” the spring 2021 collection will introduce a multifaceted sustainability initiative, where work can be recycled, upcycled and even reissued in its original form.

Michael Burke, chairman and chief executive officer of Louis Vuitton, and Virgil Abloh, artistic director of men’s wear, revealed their plans in an exclusive joint Zoom interview with WWD, ahead of a cocktail event on Thursday evening at the historic Louis Vuitton grounds in the Paris suburb of Asnières.

In a wide-ranging talk, the men addressed topics ranging

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As Big Deals Make the Rounds at the Cannes Market, a Pandemic Era of Dealmaking Takes Shape

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When this year’s Cannes market migrated online, some worried that it might have a negative impact on the business. As it turns out, it’s a lot easier to close international pre-sales when jumping from meeting to meeting means logging into various Zoom rooms, rather than squeezing through throngs of people on the Croisette. Agents and buyers say that while nothing can compare to in-person meetings at Cannes, this week’s virtual markets were productive and offered a blueprint for pandemic-era dealmaking.

In fact, if the Cannes markets are any indication, buyers are hungry for big deals, despite the uncertainty that surrounds whether audiences are comfortable returning to theaters.

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While the the country’s three largest circuits all plan to reopen all their locations in July, Warner Bros. this week pushed back for a second time the summer’s highest-profile film, Christopher Nolan’s “Tenet,”

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Tech Players Consolidate Healthcare Presence, Apple Takes Lead

Apple AAPL is dominating the wearables market, courtesy of Apple Watch. The company’s focus on health features like ECG and fall detection in the Apple Watch Series 4 has been a game changer.

Moreover, on Jun 23, the iPhone-maker previewed watchOS 7 at its first-ever virtual Worldwide Developers Conference (WWDC), delivering enhanced customization tools and new health and fitness features including sleep tracking, automatic handwashing detection, additional workout types including dance, and a new hearing health feature expanding insight into overall user well-being.

Moreover, the solid adoption of Apple Watch Series 5, has helped the iPhone maker strengthen its presence in the personal health monitor space. Notably, the smartwatch is based on watchOS 6, which comes with additional healthcare and fitness features like Cycle Tracking, the Noise app and Activity Trends.

This Zacks Rank #3 (Hold) company’s wide array of healthcare offerings in watchOS makes it a key differentiator in

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1.48m more Americans file for unemployment as pandemic takes toll

Another 1.48 million people filed for unemployment insurance across the US last week, as the grim economic toll of the coronavirus pandemic continued and infection rates picked up in many states.

Related: Trump administration sent $1.4bn in stimulus checks to dead people – live

Claims for unemployment insurance have now fallen for 12 weeks in a row, but remain historically high. About 47 million people have now filed for benefits in the last 14 weeks, with 3m claims made in the last two weeks. Last week’s figure was just 60,000 lower than the previous week.

The latest figure comes even as states across the country have begun reopening after relaxing quarantine measures. But surges in infection rates in states, including new record highs in states including Arizona, California and Texas, are likely to prove a further drag on the economic recovery.

Nicholas Juhle, head of economic research at Greenleaf Trust,

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Trump’s national security adviser takes aim at China

PHOENIX (AP) — President Donald Trump’s national security adviser warned China on Wednesday that the United States is waking up to the threat that it believes the Chinese Communist Party poses “to our great way of life” and will act to check the spread of Beijing’s ideology.

Robert O’Brien said his speech challenging China was the first of many in the coming weeks by senior administration officials, including Secretary of State Mike Pompeo, Attorney General William Barr and FBI Director Christopher Wray.

“The days of American passivity and naivety regarding the People’s Republic of China are over,” O’Brien told a group business leaders in Phoenix.

“America, under President Trump’s leadership, has finally awoken to the threat of the Chinese Communist Party’s actions and the threat they pose to our great way of life.”

This latest verbal offensive is an extension of Trump’s harsh words for Beijing’s handling of the coronavirus,

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