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	<title>Shape &#8211; LSD News</title>
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		<title>Ethereum’s Multi-Year Support Test Could Shape Its Next Big Move</title>
		<link>https://lsd.hu/ethereums-multi-year-support-test-could-shape-its-next-big-move/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Tue, 16 Jun 2026 08:43:15 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[big]]></category>
		<category><![CDATA[Ethereums]]></category>
		<category><![CDATA[move]]></category>
		<category><![CDATA[multiyear]]></category>
		<category><![CDATA[Shape]]></category>
		<category><![CDATA[Support]]></category>
		<category><![CDATA[Test]]></category>
		<guid isPermaLink="false">https://lsd.hu/ethereums-multi-year-support-test-could-shape-its-next-big-move/</guid>

					<description><![CDATA[Ethereum is currently trading at a pivotal zone where long-term support and emerging bullish momentum are converging. With buyers attempting to defend a key multi-year trendline, the coming sessions could prove decisive for the asset’s broader outlook. A successful hold may set the stage for a powerful breakout, while failure could delay Ethereum’s next major [&#8230;]]]></description>
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<p>Ethereum is currently trading at a pivotal zone where long-term support and emerging bullish momentum are converging. With buyers attempting to defend a key multi-year trendline, the coming sessions could prove decisive for the asset’s broader outlook. A successful hold may set the stage for a powerful breakout, while failure could delay Ethereum’s next major <a href="https://www.newsbtc.com/news/ethereum/ethereum-eth-next-rally-could-start-with-these-two-triggers-top-analyst-says/" target="_blank" rel="noopener ">rally</a>.</p>
<h2>Ethereum Tests Critical Multi-Year Trendline Support</h2>
<p>After losing the $2,000 price mark, Ethereum continues to trend downward. However, recent analysis from World of Charts <a href="https://x.com/WorldOfCharts1/status/2062052629342212225?s=20" target="_blank" rel="noopener nofollow">highlights</a> that Ethereum has reached a critical technical juncture, currently testing a vital multi-year ascending trendline. The fact that this <a href="https://www.newsbtc.com/sponsored/ethereum-whales-dumping-watch-2000-support-meanwhile-divine-ray-presale-keeps-raising/" target="_blank" rel="noopener ">support zone</a> is holding so far is a positive development, marking it as the most important area to monitor throughout the coming weeks.</p>
<p>For a shift in <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-builds-momentum-2150/" target="_blank" rel="noopener ">momentum</a> to occur, the asset needs to maintain this base while simultaneously overcoming the descending trendline overhead. Successfully reclaiming this overhead resistance would represent a major technical victory, potentially triggering a strong bullish wave and initiating a significant upward move.</p>
<p><img decoding="async" data-recalc-dims="1" loading="lazy" class="size-large wp-image-899719" src="https://www.newsbtc.com/wp-content/uploads/2026/06/Bitcoin-chart-from-World-of-Charts.jpg?w=512&amp;resize=512%2C270" alt="Ethereum" width="512" height="270" title="Ethereum’s Multi-Year Support Test Could Shape Its Next Big Move 3"></p>
<p>Despite the favorable setup, confirmation remains essential before projecting a larger rally. The stability of this support zone is the primary prerequisite for growth; if buyers continue to defend this level and a clean <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-eyes-breakout-2150/" target="_blank" rel="noopener ">breakout</a> is realized, Ethereum could be positioned for a substantial long-term bullish rally with significantly higher targets ahead.</p>
<p>While patience remains the best strategy, the developing structure is becoming increasingly compelling for long-term investors and active traders alike. Closely monitoring these specific technical boundaries will be vital in identifying exactly when the market is ready to transition into its next expansion phase.</p>
<h2>Reclaims The 4H 200 MA And EMA After Months Of Weakness</h2>
<p>Speaking in a recent <a href="https://x.com/DaanCrypto/status/2061789316536242259?s=20" target="_blank" rel="noopener nofollow">post</a>, crypto analyst Daan Crypto Trades highlighted that Ethereum has achieved an important technical milestone by breaking above its 4-hour 200 MA and 200 EMA for the first time since losing those levels in April. The move suggests that short-term momentum may be shifting back in favor of the bulls after months of weakness.</p>
<p>The analyst also pointed to Ethereum&#8217;s resilience against <a href="https://www.newsbtc.com/news/ethereum/ethereum-against-bitcoin/" target="_blank" rel="noopener ">Bitcoin</a> in recent sessions, noting that the asset has continued to show strength on lower timeframes. This relative outperformance has helped fuel optimism that ETH could be building a stronger recovery structure.</p>
<p>According to Daan Crypto Trades, the breakout is worth monitoring closely. If Ethereum can maintain its position above these key moving averages, it could provide a boost to ETH-related sectors, particularly DeFi tokens and other ecosystem assets, especially if Bitcoin dominance continues to decline and capital begins rotating into alternative cryptocurrencies.</p>
<p><img decoding="async" loading="lazy" class="size-large" src="https://www.tradingview.com/x/ULPezWwN/" alt="Ethereum" width="2084" height="1636" title="Ethereum’s Multi-Year Support Test Could Shape Its Next Big Move 4"><br /></p>
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		<title>Bitcoin Needs Deeper Liquidity Before A Real Recovery Takes Shape: Analysts</title>
		<link>https://lsd.hu/bitcoin-needs-deeper-liquidity-before-a-real-recovery-takes-shape-analysts/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Fri, 30 Jan 2026 01:10:04 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[analysts]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[Deeper]]></category>
		<category><![CDATA[Liquidity]]></category>
		<category><![CDATA[Real]]></category>
		<category><![CDATA[Recovery]]></category>
		<category><![CDATA[Shape]]></category>
		<category><![CDATA[Takes]]></category>
		<guid isPermaLink="false">https://lsd.hu/bitcoin-needs-deeper-liquidity-before-a-real-recovery-takes-shape-analysts/</guid>

					<description><![CDATA[They say journalists never truly clock out. But for Christian, that&#8217;s not just a metaphor, it&#8217;s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits [&#8230;]]]></description>
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<p>They say journalists never truly clock out. But for Christian, that&#8217;s not just a metaphor, it&#8217;s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.</p>
<div>
<p>Christian&#8217;s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).</p>
<p>Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling &#8211; right up his alley!</p>
<p>So, he landed a killer gig at NewsBTC, where he&#8217;s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). </p>
<p>Think Christian&#8217;s all work and no play? Not a chance! When he&#8217;s not at his computer, you&#8217;ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.</p>
<p>Speaking of chill, Christian&#8217;s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.</p>
<p>Here&#8217;s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day &#8211; and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.</p>
<p>Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors &#8211; and bosses &#8211; he deeply respects.</p>
<p>So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.</p>
</p></div>
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		<title>Bhutan Says 10,000 Bitcoin Will Help Shape Its New Administrative City</title>
		<link>https://lsd.hu/bhutan-says-10000-bitcoin-will-help-shape-its-new-administrative-city/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Fri, 19 Dec 2025 05:27:53 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[Administrative]]></category>
		<category><![CDATA[Bhutan]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[City]]></category>
		<category><![CDATA[Shape]]></category>
		<guid isPermaLink="false">https://lsd.hu/bhutan-says-10000-bitcoin-will-help-shape-its-new-administrative-city/</guid>

					<description><![CDATA[Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bhutan has pledged up to 10,000 bitcoin — roughly $1 billion — to back the development of Gelephu Mindfulness City, a new special economic zone the crown is promoting as a hub for sustainable industry and jobs. Reports have disclosed the allocation [&#8230;]]]></description>
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									<img decoding="async" src="https://bitcoinist.com/wp-content/uploads/2025/02/safe.png" class="trusted-editorial-content__icon" alt="safe" title="Bhutan Says 10,000 Bitcoin Will Help Shape Its New Administrative City 9"></p>
<div class="trusted-editorial-content__text"><u>Trusted Editorial</u> content, reviewed by leading industry experts and seasoned editors. <a href="#" target="_blank">Ad Disclosure</a></div></div>
<p>Bhutan has pledged up to 10,000 bitcoin — roughly $1 billion — to back the development of Gelephu Mindfulness City, a new special economic zone the crown is promoting as a hub for sustainable industry and jobs.</p>
<p><a href="https://manilastandard.net/news/world/314681706/bhutan-pledges-1-billion-cryptocurrency-for-mindfulness-city.html?utm_source=chatgpt.com" target="_blank" rel="noopener nofollow">Reports</a> have disclosed the allocation was announced on national day and framed as a long-term commitment to fund the city’s growth rather than a quick selloff of reserves.</p>
<h2>King Announces Bitcoin Allocation</h2>
<p>According to <a href="https://time.com/7172541/jigme-khesar-namgyel-wangchuck/?utm_source=chatgpt.com" target="_blank" rel="noopener nofollow">King</a> Jigme Khesar Namgyel Wangchuck, the pledge is meant “for our people, our youth, and our nation,” and aims to make every Bhutanese “a custodian, stakeholder, and beneficiary” of the project. The statement linked the <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener nofollow">Bitcoin</a> allocation directly to the government’s plan to support economic opportunity inside Gelephu.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Bhutan and Cumberland DRW have signed a multi-year MoU to build a responsible digital asset ecosystem in Gelephu Mindfulness City, guided by the vision of His Majesty King Jigme Khesar Namgyel Wangchuck.</p>
<p>The partnership focuses on sustainable digital asset infrastructure,… <a href="https://t.co/IJR7t3oHYl" rel="nofollow">pic.twitter.com/IJR7t3oHYl</a></p>
<p>— gmcbhutan (@gmcbhutan) <a href="https://twitter.com/gmcbhutan/status/2000402739151733106?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">December 15, 2025</a></p>
</blockquote>
<h2>Plan For Digital Reserves</h2>
<p>Based on reports, officials say the 10,000 BTC will be held with an eye toward preserving value while generating returns through careful, risk-managed strategies — not by liquidating the holdings immediately.</p>
<p>The government has also <a href="https://forklog.com/en/cumberland-to-aid-bhutan-in-launching-national-stablecoin/amp/?utm_source=chatgpt.com" target="_blank" rel="noopener nofollow">signed</a> a multi-year memorandum of understanding with market maker Cumberland DRW to help build digital-asset infrastructure and explore reserve management, stablecoins, and renewable energy-based mining inside the zone.</p>
<p><img fetchpriority="high" data-recalc-dims="1" decoding="async" class="aligncenter size-full wp-image-646104" src="https://bitcoinist.com/wp-content/uploads/2025/12/a_96657d.png?resize=956%2C400" alt="a 96657d" width="956" height="400" srcset="https://bitcoinist.com/wp-content/uploads/2025/12/a_96657d.png?w=956 956w, https://bitcoinist.com/wp-content/uploads/2025/12/a_96657d.png?w=640 640w, https://bitcoinist.com/wp-content/uploads/2025/12/a_96657d.png?w=768 768w, https://bitcoinist.com/wp-content/uploads/2025/12/a_96657d.png?w=750 750w" sizes="(max-width: 956px) 100vw, 956px" title="Bhutan Says 10,000 Bitcoin Will Help Shape Its New Administrative City 10"></p>
<pre style="text-align: center;">Concept image of Bhutan's 'Mindfulness City." Source: <a title="https://gmc.bt/gallery" href="https://gmc.bt/gallery" target="_blank" rel="noopener nofollow">GMC gallery</a></pre>
<h3>City Details And Goals</h3>
<p>The Mindfulness City covers a very large area and has been pitched as an economic response to youth emigration, low birth rates, and lagging jobs.</p>
<p>Reports from earlier coverage describe the <a href="https://www.dawn.com/news/1961648/bhutan-pledges-1bn-cryptocurrency-for-mindfulness-city?utm_source=chatgpt.com" target="_blank" rel="noopener nofollow">plan</a> as a mix of green energy, tech, tourism, and regulated finance, with space set aside for vetted businesses and infrastructure projects such as an airport and dry port. the project’s promoters present it as a way to create higher-value work without abandoning Bhutan’s environmental and social aims.</p>
<figure style="width: 1835px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full" src="https://www.tradingview.com/x/Y6mzaqxY/" width="1835" height="909" alt="" title="Bhutan Says 10,000 Bitcoin Will Help Shape Its New Administrative City 11"><figcaption class="wp-caption-text">Bitcoin is currently trading at $86,397. Chart: <a href="https://www.tradingview.com./" target="_blank" rel="noopener nofollow">TradingView</a></figcaption></figure>
<h3>Partnerships And Practical Steps</h3>
<p>Officials say the partnership with Cumberland will focus on building market access and institutional-grade operations for the city’s crypto activities, including experimenting with a national stablecoin and sustainable mining tied to renewable power. Local leaders have sought legal and investment partners to give investors a clearer route into the zone’s projects.</p>
<h3>Global Implications And Risks</h3>
<p>Analysts note this is one of the larger sovereign moves toward using <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener nofollow">bitcoin</a> as a development tool, and the pledge raises clear questions about governance, transparency, and the possible exposure of state coffers to crypto price swings.</p>
<p>Reports flag both opportunity and risk: the funds could underwrite major projects, but they also require careful oversight to avoid losses that would hurt public services.</p>
<p><em>Featured image from Visit Bhutan, chart from TradingView</em></p>
<div class="trusted-editorial-content trusted-editorial-content--bottom">
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<p><strong>Editorial Process</strong> for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.</p>
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		<title>KPMG chief on CEOs&#8217; uncertainty on tariffs, the emerging AI &#8216;hourglass&#8217; org shape and the thing &#8216;that honestly keeps me up at night&#8217; &#124; Fortune</title>
		<link>https://lsd.hu/kpmg-chief-on-ceos-uncertainty-on-tariffs-the-emerging-ai-hourglass-org-shape-and-the-thing-that-honestly-keeps-me-up-at-night-fortune/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Tue, 07 Oct 2025 06:43:45 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[CEOs]]></category>
		<category><![CDATA[Chief]]></category>
		<category><![CDATA[emerging]]></category>
		<category><![CDATA[Fortune]]></category>
		<category><![CDATA[honestly]]></category>
		<category><![CDATA[hourglass]]></category>
		<category><![CDATA[KPMG]]></category>
		<category><![CDATA[Night]]></category>
		<category><![CDATA[org]]></category>
		<category><![CDATA[Shape]]></category>
		<category><![CDATA[tariffs]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<guid isPermaLink="false">https://www.lsd.hu/kpmg-chief-on-ceos-uncertainty-on-tariffs-the-emerging-ai-hourglass-org-shape-and-the-thing-that-honestly-keeps-me-up-at-night-fortune/</guid>

					<description><![CDATA[KPMG’s CEO Outlook survey offers an annual look behind the curtain at the issues keeping the top business leaders up at night. Every year, hundreds of leaders answer the call from the Big 4 accounting firm to speak frankly and anonymously about key issues that need to solved, and 400 participated in the 2025 edition. [&#8230;]]]></description>
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<br /><img decoding="async" src="https://fortune.com/img-assets/wp-content/uploads/2025/10/GettyImages-678675711_5503b9-e1759793215637.jpg?w=2048" alt="GettyImages 678675711 5503b9 e1759793215637" title="KPMG chief on CEOs&#039; uncertainty on tariffs, the emerging AI &#039;hourglass&#039; org shape and the thing &#039;that honestly keeps me up at night&#039; | Fortune 14"></p>
<p>KPMG’s CEO Outlook survey offers an annual look behind the curtain at the issues keeping the top business leaders up at night. Every year, hundreds of leaders answer the call from the Big 4 accounting firm to speak frankly and anonymously about key issues that need to solved, and 400 participated in the 2025 edition. CEOs have a message for America: they just aren’t sure of, well, anything.</p>
<div>
<p>Business leaders told KPMG—and its recently anointed chair and CEO, Timothy Walsh—that they’re wrestling with uncertainty across several different areas of their work. This is well documented and is to be expected, Walsh told <em>Fortune</em> in an interview. “There’s this general, as you would expect, general conversation around business uncertainty,” Walsh said, adding that he was encouraged at least to see the “alignment” in terms of topics coming up in C-suite conversations. </p>
<p>Peeling back the survey data, Walsh revealed that an unsurprisingly sizable majority (89%) say tariffs will “significantly impact” their business’ performance and operations over the coming three years. And nearly as many, 86%, said their firm will increase prices as needed. They are working hard to get around this, with 85% saying their company will strive to shift its sourcing strategies to minimize the impact as much as possible. The landscape is so uncertain that nearly every CEO says they need to make some kind of change: 79% said they’ve adapted their growth plans.</p>
<p>Walsh talked to <em>Fortune</em> about uncertainty on tariffs and AI, and the importance of trust in a climate of such uncertainty. CEOs are concerned with another advancing technology with terrifying capabilities, Walsh said<strong>: cyber and quantum. </strong>“That honestly keeps me up at night.”</p>
<h2 class="wp-block-heading">Cybersecurity’s quantum challenge</h2>
<p>Cybersecurity risks remain elevated, especially as quantum computing approaches. As for advances in quantum computing, Walsh said it could one day soon be capable of breaking all encryption, and companies tell him that they’re doing full assessments. It’s a “massive effort” to ensure that they’re not exposed when that quantum computing capability arrives, Walsh warned.</p>
<p>Adding into the mix the capabilities of AI agents and, Walsh said, “in many cases, a nation-state-type investment,” he’s very concerned about malware and deepfake-type technologies escalating in danger. Over the next three years, 82% of CEOs polled said cybercrime and cyber insecurity was a top trend that could hurt their organization. Cyber risk was overall the second-highest cited pressure behind CEOs’ short-term decisions. CEOs are most concerned about fraud detection and prevention (65%) and identity theft (52%), but they also said they have plans in place to mitigate.</p>
<p>All that being said, Walsh said CEOs are “feeling optimistic because they see so many growth opportunities.” The economy has been surprisingly strong despite all the uncertainty, the tech sector is driving a very strong stock market, and he even noted some “large deals and transactions” are coming through when it comes to M&amp;A. “Capital flows are starting to move and [be] a bit more liquid.”</p>
<h3 class="wp-block-heading">Tariffs and the AI element</h3>
<p>Walsh told <em>Fortune</em> that tariffs are obviously the number-one thing on every CEO’s mind. And it’s not only the fact of tariffs but potential changes to tariffs, and “the uncertainty around whether those tariffs will continue to change.” There’s an overwhelming need for businesses to not only consider what will change but to get agile enough to work on their supply chains to be prepared for future, still uncertain, changes to come. To that end, 34% of CEOs said in the survey that supply chain resilience is the top pressure driving short-term decisions, followed by cyber security risks (29%) and global economic uncertainty (25%). </p>
<p>Walsh emphasized that tariffs are introducing a multi-dimensional challenge for CEOs. “The CEOs I speak with are addressing tariff impacts in three areas: cost take-out, supply chain optimization including reshoring, onshoring considerations, and ultimately pricing.” He said KPMG is actively working with clients in all of those areas and yes, AI is part of this transformation, too. The prominence of AI is another layer of uncertainty being added to the picture, but Walsh said it’s helping a lot of CEOs: “AI is not just an efficiency play, CEOs are focused on innovating their business models and introducing new revenue streams and products.”</p>
<h3 class="wp-block-heading">The AI hourglass to come?</h3>
<p>Walsh said AI capabilities are changing quickly, and he acknowledged that companies are starting to restructure in response. The survey found that CEOs “mostly see an hourglass shape” to their organizations in next three years, Walsh said, noting that’s typical with every new technology deployment. He added that “no one knows exactly where [workforce shape] is headed … It’s a challenge to forecast as AI advances rapidly.” In the survey, 35% said they are planning for workforce reductions in some areas over the next two to five years due to AI, and 69% see an hourglass with higher numbers of senior leaders and early-career workers and fewer in the middle (another 16% said a vertical triangle, 13% a triangle and 2% an inverted pyramid).</p>
<p>Managers are facing new responsibilities, managing teams with integrated AI agents, for instance. Walsh said some CEOs describe teams with both people and AI agents on them, “and managers of those teams have to ensure [that] agents complete steps in the workflow process, that agents have good data inputs so that their outputs can be relied upon, and continuously review those outputs.” CEOs surveyed said 86% of them see AI agents becoming embedded team members next year, and half think managers will be primarily responsible for managing AI agents’ performance as opposed to, say, HR or IT.</p>
<p>Walsh agreed with <em>Fortune</em>‘s reporting that “human skills” still matter as AI implementation shows the necessity of reviewing AI outputs. “Human skills are critically important,” Walsh said. Even though KPMG invests in and spends time upskilling its workers on AI and providing them with tools and licenses, he said he continues to remind leaders that “human-to-human relationships are critical … both internally and externally. Trust is more important than ever. Building trust with our teams, clients and ensuring we can trust outputs of technology like AI.” Given the uncertain climate, he added, trust is at a premium.  The top change that CEOs see coming is retaining and re-training high-potential talent (75%), followed by redesigning roles to reflect AI collaboration (65%) and hiring AI-capable talent (64%).</p>
</div>
<div data-cy="subscriptionPlea"><strong>Fortune Global Forum</strong> returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.</div>
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		<title>JFK airport&#8217;s $9.5 billion international terminal is taking shape. See what&#8217;s inside</title>
		<link>https://lsd.hu/jfk-airports-9-5-billion-international-terminal-is-taking-shape-see-whats-inside/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sat, 02 Aug 2025 15:50:17 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://www.lsd.hu/jfk-airports-9-5-billion-international-terminal-is-taking-shape-see-whats-inside/</guid>

					<description><![CDATA[The future ticket counter at JFK&#8217;s new Terminal 1. Leslie Josephs/CNBC It&#8217;s far from finished but the new, $9.5 billion Terminal 1 at John F. Kennedy International Airport is taking shape. Its first phase is slated to open in mid-2026. It will replace the current terminal, which opened in 1998. The terminal, which will be [&#8230;]]]></description>
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<p>The future ticket counter at JFK&#8217;s new Terminal 1.</p>
<p>Leslie Josephs/CNBC</p>
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<p>It&#8217;s far from finished but the new, $9.5 billion Terminal 1 at John F. Kennedy International Airport is taking shape. Its first phase is slated to open in mid-2026.</p>
<p>It will replace the current terminal, which opened in 1998.</p>
<p>The terminal, which will be JFK&#8217;s largest, is now weathertight. Winding baggage conveyor belt structures have been installed, and you can make out future ticket counters, where customers flying carriers like Turkish Airlines, Air New Zealand, Etihad Airways, Air China, Taiwan&#8217;s China Airlines and others will set down their luggage and show their passports to ticket agents.</p>
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<p>JFK&#8217;s new Terminal 1 under construction.</p>
<p>Leslie Josephs/CNBC</p>
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<p>The terminal — set to be roughly the size of the two new LaGuardia Airport terminals that opened in the past decade combined — will be dedicated solely to international travelers, which the developers said is key to the design.</p>
<p>&#8220;From the very first pen to paper … we had the international customer in mind,&#8221; Jennifer Aument, CEO of the New Terminal One, the company developing the project, said at a press conference at the airport last month.</p>
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<p>The new baggage transport system at JFK&#8217;s new Terminal 1.</p>
<p>Leslie Josephs/CNBC</p>
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<p>CNBC and other media got a look at the construction progress, led by Aument, in early July as part of what the company said will likely be among the last hardhat tours of the facility before opening day.</p>
<p>The project is part of the Port Authority of New York and New Jersey&#8217;s $19 billion overhaul of JFK. In addition to Terminal 1, the current Terminal 7, currently home to <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Alaska Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and Ireland&#8217;s Aer Lingus, will be knocked down for a new Terminal 6, whose first gates are set to open next year. LaGuardia Airport&#8217;s revamp, in comparison, was about $8 billion.</p>
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<h2 class="RelatedContent-header">Read more CNBC airline news</h2>
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<p>As air traffic grows, airports around the country are racing to replace aging infrastructure.</p>
<p>U.S. airports need at least $173.9 billion for infrastructure upgrades from this year through 2029, according to a report earlier this year by the Airport Council International-North America.</p>
<p>&#8220;These investments – averaging nearly $35 billion annually – are essential to accommodate airlines and passengers, improve operational efficiency, elevate service quality and customer experience, and fulfill airport resiliency needs,&#8221; it said.</p>
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<p>The future baggage claim area at JFK&#8217;s new Terminal 1.</p>
<p>Leslie Josephs/CNBC</p>
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<p>The new JFK Terminal 1 is set to open around the start of the 2026 World Cup, when some games will be held at MetLife Stadium in East Rutherford, New Jersey, about 30 miles away.</p>
<p>More than half of the airlines at JFK are changing terminals in the coming years because of the construction, Aument said.</p>
<p>One thing she pointed to with the new design: &#8220;a terminal flooded with light.&#8221; That means no basement customs lines.</p>
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<p>JFK&#8217;s Terminal 1&#8217;s new departure hall under construction.</p>
<p>Leslie Josephs/CNBC</p>
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<p>The departures hall, security lanes and customs will be on the same level of the three-floor terminal, which features a wall of slanted windows. Its design, led by architecture firm Gensler, is supposed to conjure the image of a butterfly, with the body splitting the terminal down the middle.</p>
<p>The AirTrain, which connects the airport&#8217;s terminals and parking lots with train stations in Queens, is already running through the construction site and will stop at the terminal when the facility opens.</p>
<p>JFK&#8217;s overhaul also includes roadway improvements around the airport, where traffic has crawled around the biggest hub in the region for years.</p>
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<p>JFK&#8217;s future Terminal One under construction</p>
<p>Leslie Josephs/CNBC</p>
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<p>Terminal 1&#8217;s mid-2026 open will include the departure and arrival areas and the first 14 gates, all capable of receiving wide-body aircraft that are used for long-haul flights, and will have a capacity for 14 million passengers a year.</p>
<p>There will be 23 gates — 22 wide-body gates and one narrow-body gate — for planes like an Airbus A320 or a Boeing 737s — when the rest of the project is complete, currently scheduled for 2030.</p>
<p>The final version of Terminal 1 will also have more than 300,000 square feet of dining, retail, lounge and recreational space, with more than half, 180,000 square feet, just for retail and dining.</p>
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<p>The future entrance of JFK&#8217;s new Terminal 1.</p>
<p>Leslie Josephs/CNBC</p>
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<p>Aument said the airport will be the only one in the U.S. with a cash-and-carry duty-free shopping. Generally, customers will make duty-free purchases that are then returned to them before they board their flights, but in this format, they can take them right away.</p>
<p>The new terminal will also have its own microgrid, with solar panels on the roof, that the developer said will enable the facility to have &#8220;full resiliency and maintenance of 100% [of the terminal&#8217;s] operations in the event of power disruptions.&#8221;</p>
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		<title>Budget impact, RBI policy among 8 factors that will shape market direction this week</title>
		<link>https://lsd.hu/budget-impact-rbi-policy-among-8-factors-that-will-shape-market-direction-this-week/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 02 Feb 2025 04:32:35 +0000</pubDate>
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					<description><![CDATA[Indian markets ended flat in a special trading session for Budget on Saturday as investors saw little coming in from the Finance Minister Nirmala Sitharaman. The benchmark Nifty slipped by a marginal 26 points at 23,318, while Sensex eked out a 5-point gain. Analysts say the underlying trend of Nifty remains positive and the market [&#8230;]]]></description>
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<br /><img decoding="async" src="https://img.etimg.com/photo/msid-117849756,imgsize-12010.cms" alt="msid 117849756,imgsize 12010" title="Budget impact, RBI policy among 8 factors that will shape market direction this week 16"></p>
<div data-brcount="40">Indian markets ended flat in a special trading session for Budget on Saturday as investors saw little coming in from the Finance Minister Nirmala Sitharaman. The benchmark Nifty slipped by a marginal 26 points at 23,318, while Sensex eked out a 5-point gain.</p>
<p>Analysts say the underlying trend of Nifty remains positive and the market is facing stiff resistance around 23,500-23,600 levels. &#8220;A decisive move above this hurdle could open further upside towards 24,000 levels in the near term. Immediate support is placed at 23,300 levels,&#8221; said Nagaraj Shetti of HDFC Securities.</p>
<p>Key factors that will shape the market direction this week:</p>
<h2>1) Budget reaction</h2>
<p>Even though the markets closed flat, the impact of Budget announcements will still be there during the week. Analysts say this will play out in sectoral and stock specific action. By doing away with tax on income up to Rs 12 lakh under the new tax regime, the government is looking to give a bump to consumption, which will be positive for FMCG, auto and few other sectors.</p>
<p>&#8220;FIIs participation was very minimal. Hence, the actual reaction is likely to be witnessed on Monday and hence, we need to wait for a day or two to understand whether the market has really discounted the Budget factor or not,&#8221; said Osho Krishnan, Sr. Analyst, Technical &amp; Derivatives of &#8211; Angel One.</p>
<h2>2) RBI policy<br /></h2>
<p>The rate-setting panel of the Reserve Bank of India (RBI) will meet later this week (Feb 5-7) and analysts widely believe the central bank is expected to usher in rate cuts, which will be the first in over four years.The central bank has injected massive liquidity into the banking system in recent days, which some economists take to mean a rate cut is imminent, despite relatively high inflation.According to a Reuters poll, over 70% of respondents forecast the RBI would cut its key repo rate by 25 basis points to 6.25% at the conclusion of its February meeting,</p>
<p>This will be the first monetary policy meeting chaired by Governor Sanjay Malhotra, a former civil servant appointed late last year.</p>
<h2>3) Q3 earnings</h2>
<p>As many as 748 companies will announce their quarterly earnings this week. Key results to watch out include from Asian Paints, Titan, Airtel, Power Grid, Divi&#8217;s Labs, Tata Power, Torrent Power, Info Edge, Swiggy, SBI, ITC, Trent, Britannia, LIC, M&amp;M, NHPC, Oil India among others.</p>
<h2>4) FII/DII activity</h2>
<p>Foreign investors&#8217; action will continue to be monitored by market participants as they have sold equity worth over Rs 70,000 crore in January.</p>
<h2>5) Rupee, dollar movement</h2>
<p>The rupee closed January on a flattish note as the support from positive domestic equities was negated by unabated foreign fund outflows and month-end dollar demand.</p>
<p>Analysts expect the rupee to trade with negative bias on strength in the US dollar and persistent FII outflows. &#8220;Uncertainty over tariffs by the US administration could pressure the rupee, but any central bank intervention may support the currency,&#8221; Choudhary said.</p>
<h2>6) Global markets</h2>
<p>US stocks closed lower on Friday as the S&amp;P 500 dropped 4% in the last week, marking its biggest drop in four months. Big losses for chipmakers like Nvidia, Micron Technology and Broadcom weighed down the index.</p>
<p>Global investors will keep a close eye on the tariff chat from Donald Trump after the White House reaffirmed plans to introduce new tariffs against Mexico, Canada and China.</p>
<p>Analysts said the tariff talk in the afternoon injected a new wave of uncertainty. &#8220;We think it just kind of proved to be a bit of a trigger for people to take some money off the table going into the weekend.&#8221;</p>
<h2>7) Technical levels</h2>
<p>The Nifty has witnessed a roller-coaster ride during the Budget session. On the daily chart, analysts say a small-bodied candle has formed, indicating indecision.</p>
<p>&#8220;Nifty has support at 23,280, and as long as it remains above this level, the trend might stay positive. On the higher end, the index could move towards 23,700–24,000 in the short term. However, a fall below 23,280 might trigger panic in the market,&#8221; said Rupak De, Senior Technical Analyst at LKP Securities.</p>
<h2>8) Crude Oil</h2>
<p>Oil prices closed with losses last week as investors await the outcome of Trump&#8217;s tariff threats. President Donald Trump has threatened to impose a 25% tariff on Canadian and Mexican exports to the United States if those two countries do not clamp down on shipments of fentanyl and on illegal migration across US borders.</p>
<p><em>(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)</em></p>
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		<title>How daily Neti and yoga shape the leadership approach of LIC Mutual Fund AMC’s MD and CEO &#8211; Mind Over Money with Ravi Kumar Jha of LIC MF AMC</title>
		<link>https://lsd.hu/how-daily-neti-and-yoga-shape-the-leadership-approach-of-lic-mutual-fund-amcs-md-and-ceo-mind-over-money-with-ravi-kumar-jha-of-lic-mf-amc/</link>
		
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		<pubDate>Sat, 23 Nov 2024 09:16:09 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/how-daily-neti-and-yoga-shape-the-leadership-approach-of-lic-mutual-fund-amcs-md-and-ceo-mind-over-money-with-ravi-kumar-jha-of-lic-mf-amc/</guid>

					<description><![CDATA[Ravi Kumar Jha, MD &#38; CEO of LIC Mutual Fund AMC, exemplifies the synergy between wellness and leadership. In this exclusive interview with ETMarkets, he shares how integrating practices like Neti, yoga, and meditation into his daily routine not only enhances his physical and mental well-being but also sharpens his decision-making and leadership abilities. His [&#8230;]]]></description>
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<br /><img decoding="async" src="https://img.etimg.com/photo/msid-115595253,imgsize-22240.cms" alt="msid 115595253,imgsize 22240" title="How daily Neti and yoga shape the leadership approach of LIC Mutual Fund AMC’s MD and CEO - Mind Over Money with Ravi Kumar Jha of LIC MF AMC 18"></p>
<div id="">Ravi Kumar Jha, MD &amp; CEO of LIC Mutual Fund AMC, exemplifies the synergy between wellness and leadership.</p>
<p>In this exclusive interview with ETMarkets, he shares how integrating practices like Neti, yoga, and meditation into his daily routine not only enhances his physical and mental well-being but also sharpens his decision-making and leadership abilities.</p>
<p>His holistic approach to health is a cornerstone of his professional success, inspiring a balanced and mindful leadership style.</p>
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		<title>Elections, hurricane damage and more: Here are four factors that will shape holiday shoppers&#8217; purchases</title>
		<link>https://lsd.hu/elections-hurricane-damage-and-more-here-are-four-factors-that-will-shape-holiday-shoppers-purchases/</link>
					<comments>https://lsd.hu/elections-hurricane-damage-and-more-here-are-four-factors-that-will-shape-holiday-shoppers-purchases/#respond</comments>
		
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		<pubDate>Sat, 19 Oct 2024 20:05:37 +0000</pubDate>
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					<description><![CDATA[A Macy&#8217;s store is seen at Herald Square on December 11, 2023 in New York City. Michael M. Santiago &#124; Getty Images Inflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty. Several hard-to-predict factors will influence consumers&#8217; spending, as they deck the halls and look for the [&#8230;]]]></description>
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<p>A Macy&#8217;s store is seen at Herald Square on December 11, 2023 in New York City.</p>
<p>Michael M. Santiago | Getty Images</p>
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<p>Inflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty.</p>
<p>Several hard-to-predict factors<strong> </strong>will influence consumers&#8217; spending, as they deck the halls and look for the perfect gifts. Volatile weather, election distraction and a deal-hunting mindset may shape the season. And fewer days between Thanksgiving and Christmas than last year<strong> </strong>will put shoppers on the clock.</p>
<p>Yet there&#8217;s reason for optimism for retailers: Shoppers are feeling more upbeat and plan to spend more compared with last holiday season, according to an annual survey by consulting firm Deloitte and a separate forecast by the National Retail Federation.</p>
<p>Holiday spending in November and December is expected to increase by 2.5% to 3.5% compared with 2023 and range between $979.5 billion and $989 billion, according to the National Retail Federation. That&#8217;s a more modest increase than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. The NRF&#8217;s figure excludes automobile dealers, gasoline stations and restaurants.</p>
<p>Shoppers expect to spend an average of $1,778 on the holidays this year, 8% more than last holiday season, according to consulting firm Deloitte&#8217;s survey. The survey, which included about 4,000 consumers and was conducted in late August and early September, attributed that spending increase to a more favorable economic outlook, a perception among respondents that prices would be higher and more willingness to spend among higher-earning households with an annual income of between $100,000 and $199,000.</p>
<p>Low unemployment, a return to more typical inflation levels and a recent Federal Reserve interest rate cut are lifting consumers&#8217; spirits, said Stephen Rogers, managing director of Deloitte&#8217;s Consumer Industry Center.</p>
<p>&#8220;People are still in a better frame of mind, despite the political chatter,&#8221; he said. &#8220;When they look at their bank account and think about what their financial situation is, they feel better.&#8221;</p>
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<p>People shop (L) ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. </p>
<p>Mario Tama | Getty Images News | Getty Images</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>Deal-hunting mentality</h2>
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<p>Weeks before trick-or-treating, shoppers got a taste of their first holiday deals.</p>
<p>Those early offers set the stage for a season when shoppers are expected to seek out more ways to stretch the budget after costs of living climbed for years.</p>
<p>Nearly 80% of shoppers surveyed by Deloitte said they would participate in deals events in October and November, up from 61% last year.</p>
<p>&#8220;Our deal seeking muscle has been really exercised the past two years and we are just going to continue to exercise it,&#8221; Rogers said.</p>
<p>NRF CEO Matt Shay echoed that prediction. On a call with reporters this week, he said the retail trade group expects a more promotional environment this holiday season, with deals across more brands and categories than a year ago.</p>
<p>Another potential challenge for retailers? Catering to customers who are more focused on decorations and experiences than gifts. Consumers plan to spend 16% more year over year on experiences, but spend 3% less on gifts compared with the year-ago holiday period, according to Deloitte&#8217;s survey. Non-gift purchases, including spending on<strong> </strong>decor and party apparel, is also expected to jump 9% year over year.</p>
<p>The firm&#8217;s survey found that spending in retail categories would remain relatively flat with an average of $1,043 in 2024 compared with $1,020 in 2023. Consumers across income groups reported value-seeking habits, including less self-gifting, more trading down to affordable retailers and more seeking out private labels or &#8220;dupes&#8221; of pricier items.</p>
<p>That shift could hurt retailers that sell goods, unless they come up with compelling ways to tie their merchandise to experiences, such as suggesting hiking gear, Rogers said.</p>
<p>For <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Home Depot<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, which sells a wide range of holiday decor including Santa-themed throw pillows and a giant animated reindeer for yards, the high demand for decor could be an opportunity. Yet the home improvement retailer said it&#8217;s prepared for consumers to seek value, too.</p>
<p>This holiday season, Home Depot bought more low-priced artificial Christmas trees, such as a prelit tree that sells for $49, said Lance Allen, senior merchant of decorative holiday for the home improvement retailer.</p>
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<p>Signs showing support for both Democratic presidential candidate Vice President Kamala Harris and Republican presidential candidate former President Donald Trump sit along a rural highway on September 26, 2024 near Traverse City, Michigan. </p>
<p>Scott Olson | Getty Images News | Getty Images</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"/>Election uncertainty</h2>
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<p>As Americans await results of the presidential election, will they also shop for the holidays?</p>
<p>That&#8217;s a question on the minds of retailers and consumer brands, including <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Walmart<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">SharkNinja<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, that are hoping shoppers will browse and buy rather than become glued to the news. The election is on Nov. 5, and it could take days for a winner to be called if the race between Vice President Kamala Harris and former President Donald Trump ends up as close as polls suggest.</p>
<p>SharkNinja CEO Mark Barrocas described the election as the &#8220;biggest unknown&#8221; that will shape the holiday season.</p>
<p>&#8220;It may be a blip and it may be nothing, and it may disrupt things for a few weeks if the news cycle is all-consuming,&#8221; he said. &#8220;Christmas is going to come and there will be a holiday season. It&#8217;s just a matter of how many distractions there are.&#8221;</p>
<p>He said the election and the news cycle around it may also influence how consumers feel about the economy.</p>
<p>Walmart&#8217;s internal research suggests &#8220;an uptick in positivity&#8221; as its shoppers<strong> </strong>enjoy the fall and get ready for Halloween, said Jen Acerra, vice president of customer insights and strategy at Walmart.</p>
<p>&#8220;The one thing that is still out there and moving is what&#8217;s going to happen with the election, and what happens with the election will really determine if this is something that stays positive or not,&#8221; she said.</p>
<p>Already, some companies have blamed the election for taking a bite out of their sales. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">Amazon<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> chalked up a weak forecast in August to election distraction that would dampen demand for online shopping, a comment some mocked as an excuse.</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-9">Delta Air Lines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>&#8216; CEO, Ed Bastian, said in a CNBC interview this month that the company expects lower demand before and after the election to hit the carrier&#8217;s revenue.</p>
<p>&#8220;Consumers will, I think, take a little bit of pause in making investment decisions, whether it&#8217;s discretionary or other things,&#8221; he said. &#8220;I think you&#8217;re going to hear other industries talking about that as well.&#8221;</p>
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<p>After Hurricane Milton hit Florida, the city of Clearwater was flooded. Search and rescue operations are ongoing in the area. </p>
<p>Lokman Vural Elibol | Anadolu | Getty Images</p>
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<h2 class="ArticleBody-subtitle"><a id="headline2"/>Hurricane damage and winter temperatures</h2>
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<p>For retailers, cooler and wintery weather is always on the Christmas wish list.</p>
<p>Weather can tip shoppers into the holiday spirit and get them in the mood to buy thicker sweaters, coats and gifts, said Evan Gold, executive vice president for Planalytics, a Philadelphia-based company that advises retailers on weather-related inventory planning.</p>
<p>&#8220;There&#8217;s no external factor that influences consumers&#8217; purchases as directly, frequently and immediately as the weather,&#8221; he said.</p>
<p>This year, the early fall got off to a rockier start. The now unofficial kickoff to the holiday shopping season marked by October sales events coincided with unseasonably warm temperatures in San Francisco and other parts of the country, and severe hurricanes that battered North Carolina and Florida. That makes shoppers less likely to want to buy sweaters, coats and artificial trees.</p>
<p>Yet the weather this year should eventually help retailers, Gold said, since November and December temperatures are expected to be colder than a year ago. He said the shift in weather, such as a dusting of snow or a cold snap, can help signal shoppers to get ready for the season.</p>
<p>Many families will just be trying to rebuild from hurricane damage rather than buying holiday gifts, which could redirect money to furniture, clothes or home repairs, Jack Kleinhenz, the NRF&#8217;s chief economist, said on a call with reporters.</p>
<p>&#8220;It&#8217;ll be just an adjustment in their budget in what they&#8217;ll be spending for, but it&#8217;s really too early to know the full impact on retail,&#8221; he said.</p>
<p>Home Depot expects that, too. It pulled holiday product out of 124 of its big-box stores to make room for items that hard-hit areas need, such as shingles and drywall, Allen said. Instead, he said, it plans to sell a more limited assortment in those stores of items such as wreaths and its top-selling trees.</p>
<p>&#8220;They&#8217;re trying to rebuild and recover their houses,&#8221; he said. &#8220;So obviously, they&#8217;re not going to go buy a nine-foot reindeer and put that out there.&#8221;</p>
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<h2 class="ArticleBody-subtitle"><a id="headline3"/>A shorter holiday season</h2>
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<p>Thanks to the calendar, the holiday rush may be on overdrive.</p>
<p>Shoppers will have five fewer days between Thanksgiving and Christmas this year compared with last year — which could dampen spending or potentially motivate time-pressured shoppers to seek out rush shipping, curbside pickup or other quicker options to get gifts.</p>
<p>The pressure will be on retailers to make the most of each day and to deliver on convenience, as shoppers race to get what they need and expect items to arrive within a few hours or at minimum, within a few days, said the NRF&#8217;s Shay.</p>
<p>&#8220;A shorter period does have consequences and implications and one of those, of course, is that the shipping season will be shorter,&#8221; he said.</p>
<p>On a recent store tour, Kohl&#8217;s Chief Marketing Officer Christie Raymond said the retailer expects it will have to work harder to woo customers, especially lower- and middle-income shoppers, who have felt pinched by the cumulative effect of inflation and crunched for time.</p>
<p>&#8220;We think they&#8217;re feeling more squeezed than last year,&#8221; Raymond said. And, she added, shoppers have also said they are &#8220;feeling time-squeezed.&#8221;</p>
<p>To appeal to those consumers, Kohl&#8217;s wants to have more of what they need, Chief Merchandising and Digital Officer Nick Jones said.</p>
<p>The retailer has bulked up its offering of gift items, added more party dresses and started to sell a wider range of decorations, including Christmas trees, lawn ornaments and wrapping paper.</p>
<p>&#8220;We want to be a holiday destination,&#8221; he said. &#8220;We haven&#8217;t got the food, but we&#8217;ve got everything else.&#8221;</p>
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		<title>Three key questions that will shape whether Coach and Michael Kors owners will merge</title>
		<link>https://lsd.hu/three-key-questions-that-will-shape-whether-coach-and-michael-kors-owners-will-merge/</link>
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		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Mon, 16 Sep 2024 13:04:27 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Breaking News: Business]]></category>
		<category><![CDATA[business news]]></category>
		<category><![CDATA[Capri Holdings Ltd]]></category>
		<category><![CDATA[Coach]]></category>
		<category><![CDATA[Dillard&#x27;s Inc]]></category>
		<category><![CDATA[key]]></category>
		<category><![CDATA[Kors]]></category>
		<category><![CDATA[Lululemon Athletica Inc]]></category>
		<category><![CDATA[LVMH Moet Hennessy Louis Vuitton SE]]></category>
		<category><![CDATA[Macy&#x27;s Inc]]></category>
		<category><![CDATA[merge]]></category>
		<category><![CDATA[Michael]]></category>
		<category><![CDATA[Owners]]></category>
		<category><![CDATA[Questions]]></category>
		<category><![CDATA[Retail industry]]></category>
		<category><![CDATA[Shape]]></category>
		<category><![CDATA[Tapestry Inc]]></category>
		<category><![CDATA[TJX Companies Inc]]></category>
		<guid isPermaLink="false">https://www.lsd.hu/three-key-questions-that-will-shape-whether-coach-and-michael-kors-owners-will-merge/</guid>

					<description><![CDATA[Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson &#124; Getty Images Just a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh big questions about how [&#8230;]]]></description>
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<p>Pedestrians walk past a Coach store and a Michael Kors store.</p>
<p>Scott Olson | Getty Images</p>
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<p>Just a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Tapestry<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> can become a bag behemoth — in a decision that will weigh big questions about how much consumers are paying for goods and the choices they have when they shop.</p>
<p>Investors, lawyers and reporters have flocked this week to a courtroom in Manhattan for an antitrust trial over a Federal Trade Commission lawsuit that seeks to stop the merger of Tapestry and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Capri.<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> The deal, if approved, would put six fashion brands under a single company: Tapestry&#8217;s Coach, Kate Spade and Stuart Weitzman with Capri&#8217;s Versace, Jimmy Choo and Michael Kors. </p>
<p>Tapestry and Capri announced the $8.5 billion deal more than a year ago, but the FTC sued to block it in April. It argued the combined companies would take away competition and leave consumers with fewer affordable handbag options and employees with worse pay and benefits.</p>
<p>Attorneys for the FTC have argued this week that the merger would harm consumers by putting Coach and Michael Kors — two brands it described as having similar prices and often competing head-to-head — under the same company. Both brands sell directly to customers on their websites and in stores, but also are carried by stores that cater to Americans across incomes including department stores <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">Macy&#8217;s<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">Dillard&#8217;s<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, off-price retailers like <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">T.J. Maxx<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and outlet stores.</p>
<p>Tapestry and Capri, on the other hand, have argued the deal will allow them to keep up in a trend-driven industry where newer brands and changing consumer tastes are a competitive threat. At the time when the companies announced the deal, Tapestry&#8217;s CEO Joanne Crevoiserat told CNBC<strong> </strong>that it&#8217;ll allow Tapestry to reach more customers across age groups and incomes across the global, especially in the luxury and higher-end markets.</p>
<p>The outcome of the antitrust case could shape the outlook for the industry that makes the bags, eyeglasses and apparel that many Americans carry and wear across the country. It comes as Americans increasingly balk at high prices after years of high inflation — and the Biden administration takes aim at mergers in the grocery, technology and apparel spaces.</p>
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<p>Investors are watching the trial closely for how it could affect shares of Tapestry and Capri. Shares of Tapestry are up more than 13% this year. On the other hand, Capri&#8217;s stock has tumbled about 21% this year.</p>
<p>Here are key questions that have defined the first three days of the trial, including highlights from some of the testimony:</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>How fierce is competition in the handbag industry?</h2>
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<p>In a fast-moving world where a new product can become the &#8220;it&#8221; bag from a TikTok video or celebrity sighting, Tapestry and Capri have argued that competition is fierce — even for the biggest handbag players.</p>
<p>With the transaction, Tapestry and Capri&#8217;s executives have argued the brand could better compete with the wide variety of other retailers and brands that consumers choose from, ranging from fast-fashion brands like Zara and H&amp;M to European luxury names like Burberry and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-12">LVMH<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>&#8216;s Louis Vuitton.</p>
<p>One of the major debates in court has surrounded who are<strong> </strong>Coach and Michael Kors&#8217; true competitors. Are they each other&#8217;s main rivals, or do they compete with a<strong> </strong>vast mix of brands that steal away sales? The FTC has defined the relevant market for two brands as &#8220;accessible luxury,&#8221; a term that Tapestry has used with its investors and board of directors to describe how it offers higher-end fashion looks at a better value.</p>
<p>Yet attorneys for Tapestry and Capri have pushed back, saying that the field of rivals is growing to include more price points.</p>
<p>Crevoiserat said she&#8217;s seen that dynamic close to home. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-13">Lululemon<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, known for its popular leggings and other athletic apparel, is the maker of belt bags, a hands-free, fanny pack-like bag that can be wrapped around the waist or slung across the body. The bags have been a hit, especially with younger shoppers.</p>
<p>&#8220;What really pains me about that is my daughter has one,&#8221; she said. &#8220;They&#8217;re a meaningful brand.&#8221;</p>
<p>In her testimony, Crevoiserat said the competition isn&#8217;t just with other handbag or fashion brands. She said the company is fighting to woo consumers who have many ways that they could spend their dollars.</p>
<p>&#8220;They could go anywhere,&#8221; she said. &#8220;They could buy a pair of yoga pants or go out to dinner. It&#8217;s discretionary.&#8221;</p>
<p>During the trial, attorneys have showed off industry data from market research companies and internal documents, such as consumer surveys and research on the competition. The research has related to not only Tapestry and Capri, but also other fashion brands including Chanel and Rebecca Minkoff.</p>
<p>Attorneys for Tapestry and Capri have argued that competition has intensified, as consumers have new ways to shop and their style preferences change. On the other hand, attorneys for the FTC have said the combined companies would corner the &#8220;accessible luxury&#8221; market.</p>
<p>Some executives from other brands have also testified on the state of play in the industry. Suwon Yang, Chanel&#8217;s head of merchandising for accessories and leather goods, took the stand on Wednesday. She said customers buy from many brands, but Chanel in its own research focuses on how it stacks up against European luxury lines<strong> </strong>like Saint Laurent and Hermes. She said in her experience, Coach, Kate Spade and Michael Kors have never come up in customer surveys or company conversations about the competition.</p>
<p>She also described the rigor of the craftsmanship behind Chanel&#8217;s bags, which she said sets the brand apart and leads to its price points of about $5,000 to $11,000 or even higher. Handbags are made in Italy and France, and for artisans, it takes a decade to make the company&#8217;s highest level of handbag.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"/>Would the deal hurt consumers?</h2>
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<p>The FTC argues the deal would bring more sticker shock for American consumers already facing higher prices on many items.</p>
<p>On Wednesday, economist Loren Smith, one of the FTC&#8217;s key witnesses, took the stand and contended<strong> </strong>that the merger would turn the combined companies into a handbag giant that would raise prices for shoppers and have little reason to invest in sharper styles or better materials. Smith is a Washington, D.C.-based consultant and former staff economist for the FTC.</p>
<p>He laid out financial models and methodology he used to define the market for Tapestry and Capri, and particularly Coach and Michael Kors, saying they primarily compete with other &#8220;accessible luxury&#8221; players even if its consumers shop with other<strong> </strong>cheaper and pricier brands. He zeroed in on the handbag market in the U.S., and included common styles like cross-body bags and totes in the calculations.</p>
<p>Ultimately, he said he found the merger raises &#8220;significant competitive concerns&#8221; and his simulation indicated that it would lead to an average price increase of 15% to 17% for the combined company&#8217;s goods and a decrease in the quality of products.</p>
<p>If the two companies became one, he said the combined company would have about 58% market share in the handbag market in the U.S. He said Tapestry could get away with raising prices on Michael Kors handbags since it could recapture lost sales by attracting enough of those same shoppers to Coach and Kate Spade bags.</p>
<p>And he said it wouldn&#8217;t need to worry as much, even if Michael Kors&#8217; brand continued to be challenged.</p>
<p>&#8220;Once they come together, if Michael Kors continues to decline, some of that decline is going to benefit the Coach brand,&#8221; he said.</p>
<p>Plus, he said, the handbag industry has margins of 60% to 80%, a high number that makes the risk of diverting customers to another of their brands or losing customers to other brands less significant.</p>
<p>He estimated annual consumer harm would add up to $365 million per year from a combination of price increases and merchandise that wouldn&#8217;t be as well made.</p>
<p>Attorneys for Tapestry and Capri pushed back on how he defined the competition, questioned his calculations and said he did not account for shoppers&#8217; newer habits, such as the ability to buy a Louis Vuitton or Prada bag at a lower price because of the rise of secondhand marketplaces.</p>
<p>They also argued Smith is out of touch on the handbag market. The attorney for Tapestry and Capri noted that he&#8217;s only bought one handbag before, and his wife instructed him what to buy.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline2"/>Why did Tapestry want to buy Capri?</h2>
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<p>When Tapestry CEO Joanne Crevoiserat took the stand on Tuesday, she said her goal for the merger is straightforward: Putting more handbags in the hands of more customers.</p>
<p>Attorneys for the fashion brands rolled carts of dozens of handbags from the two companies and from competitors into the courtroom on Monday, the day the trial began. Since then, a mix of executives and industry players have taken the stand, including Capri CEO John Idol and Coach CEO Todd Kahn.</p>
<p>In her testimony on Tuesday, Crevoiserat held up a few of the handbags in the room. She spoke about their contrasts and how the bags illustrate the range of brands that Tapestry owns. She said Tapestry benefits from having a portfolio of distinct brands to cater to customers who shop for a variety of occasions and have different senses of style.</p>
<p>She showed off Coach&#8217;s Rogue, a maple colored leather tote bag that a customer might use to carry what she needs to the office. Then, she held up another bag, a more playful looking smaller green and white Kate Spade bag that&#8217;s made of woven fabric and has been featured in Netflix&#8217;s &#8220;Emily in Paris.&#8221;</p>
<p>Capri has its own distinctive brands too, she said.</p>
<p>Internal documents also flashed on the courtroom screen, showing some emails and slide decks from a more than year long process that Tapestry pursued as it looked for an acquisition target and deliberated whether to buy a still emerging brand or a more established player like Capri. The names of other acquisition targets were redacted, but the code name for Capri was &#8220;Comet.&#8221;</p>
<p>Crevoiserat said Tuesday that if the deal closes, Tapestry would want to grow all of its brands — especially those of Capri, which has had weaker sales in recent quarters.</p>
<p>&#8220;I believe we can inject more relevancy, more vibrancy into the Capri brands,&#8221; she said.</p>
<p>Instead of operating as a top-down company, Tapestry is a house of brands, Crevoiserat said. She added Coach, Kate Spade and Stuart Weitzman each have independent teams that select merchandise, set pricing and shape marketing.</p>
<p>As the FTC raises questions about whether the deal will raise prices, she said<strong> </strong>Tapestry as a whole offers cost-savings benefits that come from having more scale, such as manufacturing and transporting products at a lower price.</p>
<p>She said that way of operating wouldn&#8217;t change. She added the high price tag to acquire Capri only makes sense if Tapestry gives the brand both financial support and creative freedom.</p>
<p>&#8220;The deal simply wouldn&#8217;t pencil if all brands couldn&#8217;t grow,&#8221; she said.</p>
<p>The antitrust trial continues on Thursday and is expected to run through early next week. Attorneys for the FTC have hinted that other key witnesses are poised to testify, including more executives from Tapestry and Capri and the namesake of one of the top brands in the merger, American fashion designer Michael Kors.</p>
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		<title>Millions Head to Polls on a Day That Will Shape the November Vote</title>
		<link>https://lsd.hu/millions-head-to-polls-on-a-day-that-will-shape-the-november-vote/</link>
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		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Tue, 05 Mar 2024 06:48:16 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Day]]></category>
		<category><![CDATA[Millions]]></category>
		<category><![CDATA[November]]></category>
		<category><![CDATA[polls]]></category>
		<category><![CDATA[Shape]]></category>
		<category><![CDATA[vote]]></category>
		<guid isPermaLink="false">https://www.lsd.hu/millions-head-to-polls-on-a-day-that-will-shape-the-november-vote/</guid>

					<description><![CDATA[Voters in 15 states, including two titans, California and Texas, will head to the polls on March 5 for a Super Tuesday that is likely to set a White House rematch in November between President Biden and former President Donald J. Trump. The contests will also determine the contours of races for the House and [&#8230;]]]></description>
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<p class="css-at9mc1 evys1bk0">Voters in <a class="css-yywogo" href="https://www.nytimes.com/interactive/2024/us/elections/republican-primary-delegates-tracker-calendar.html" title="" target="_blank" rel="noopener">15 states, including two titans, California and Texas</a>, will head to the polls on March 5 for a Super Tuesday that is likely to set a White House rematch in November between President Biden and former President Donald J. Trump.</p>
<p class="css-at9mc1 evys1bk0">The contests will also determine the contours of races for the House and Senate that will shape the legislative branch next year.</p>
<p class="css-at9mc1 evys1bk0">Here is what else to watch as the results roll in.</p>
<h2 class="css-9ycfei eoo0vm40" id="link-3feb149a">Will Nikki Haley end her campaign, or keep going?</h2>
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<p class="css-at9mc1 evys1bk0">Ms. Haley, the former governor of South Carolina and Mr. Trump’s first ambassador to the United Nations, won her first Republican primary on Sunday, in the District of Columbia, and could pick up a few more on Tuesday. The moderate Republican senators of Maine, <a class="css-yywogo" href="https://www.wabi.tv/2024/03/03/sen-susan-collins-backs-haley-maines-republican-primary/" title="" rel="noopener noreferrer" target="_blank">Susan Collins</a>, and Alaska, <a class="css-yywogo" href="https://www.nytimes.com/live/2024/03/01/us/trump-haley-biden-election/haley-murkowski-endorsement?smid=url-share" title="" target="_blank" rel="noopener">Lisa Murkowski</a>, endorsed her in recent days, just in time for their states’ Super Tuesday contests.</p>
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<p class="css-at9mc1 evys1bk0">Minnesota’s open primary on Tuesday will allow Democrats to vote for Ms. Haley if they choose. And polling in Virginia showed her inching closer to Mr. Trump.</p>
<p class="css-at9mc1 evys1bk0">But the biggest troves of delegates — California has 169 and Texas 161 — are almost certain to go to the former president, and Super Tuesday has loomed large for Ms. Haley’s donors, who need to see she has a chance. More than a third of all delegates will be allotted on Tuesday, not enough to make Mr. Trump the presumptive nominee but enough to make him the prohibitive favorite.</p>
<p class="css-at9mc1 evys1bk0">Ms. Haley will then face choices with huge ramifications: Does she drop out and endorse Mr. Trump, drop out and hold off on any endorsement, stay in the race until her money is gone, or consider a third-party run? (She has said she will not do this, but the centrist group No Labels continues to hold out hope she would join its ticket.)</p>
<h2 class="css-9ycfei eoo0vm40" id="link-1c82e2af">How will Mr. Trump handle victory?</h2>
<p class="css-at9mc1 evys1bk0">The nation has watched two responses to victory by the former president and front-runner for a third Republican nomination. After he won <a class="css-yywogo" href="https://www.nytimes.com/interactive/2024/01/23/us/elections/results-new-hampshire-republican-primary.html" title="" target="_blank" rel="noopener">the New Hampshire primary in January</a>, Mr. Trump mocked Ms. Haley’s dress and castigated her for trying to make the most of her 43 percent, second-place finish. After his victory in <a class="css-yywogo" href="https://www.nytimes.com/interactive/2024/02/24/us/elections/results-south-carolina-republican-primary.html" title="" target="_blank" rel="noopener">Ms. Haley’s home state of South Carolina</a> last month, he didn’t mention her.</p>
<p class="css-at9mc1 evys1bk0">Mr. Trump has made no secret of his desire to begin the general election campaign against Mr. Biden, and of his frustration with Ms. Haley’s stubborn insurgency, which has included harsh words for her former boss’s intemperance, age, fealty to the Constitution and loyalty to veterans and active-duty service members.</p>
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<p class="css-at9mc1 evys1bk0">Expectations are for a big night for Mr. Trump.<span class="css-8l6xbc evw5hdy0">  </span>If he lashes out at a vanquished fellow Republican, he risks pushing some of her voters further away from him — and potentially toward Mr. Biden.</p>
<h2 class="css-9ycfei eoo0vm40" id="link-415c6846">Will the pro-Palestinian protests dog Mr. Biden?</h2>
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<p class="css-at9mc1 evys1bk0">If anything, Mr. Biden faces <a class="css-yywogo" href="https://www.nytimes.com/2024/03/02/us/politics/biden-trump-times-siena-poll.html" title="" target="_blank" rel="noopener">even larger problems</a> reuniting the coalition of voters who delivered his victory in 2020, but unlike the G.O.P., Democratic disharmony on Tuesday night will not manifest itself in votes for an alternative candidate. It may show in votes for “uncommitted.”</p>
<p class="css-at9mc1 evys1bk0">Even as Mr. Biden won overwhelmingly in Michigan last week, <a class="css-yywogo" href="https://www.nytimes.com/interactive/2024/02/27/us/elections/results-michigan-democratic-presidential-primary.html" title="" target="_blank" rel="noopener">13.2 percent of Democratic primary voters</a> cast their ballots for “uncommitted,” most of them protesting the president’s tilt toward Israel in its brutal conflict with Hamas in Gaza. That total showed <a class="css-yywogo" href="https://www.nytimes.com/2024/02/28/us/politics/michigan-primary-biden-trump.html" title="" target="_blank" rel="noopener">the fragility of the Democratic coalition</a> — especially with young progressives and Arab Americans — as Mr. Biden begins a difficult drive toward re-election.</p>
<p class="css-at9mc1 evys1bk0">The next test for Mr. Biden comes on Tuesday in Minnesota. The state has <a class="css-yywogo" href="https://worldpopulationreview.com/state-rankings/arab-population-by-state" title="" rel="noopener noreferrer" target="_blank">far fewer Arab American voters than Michigan</a>, but Minneapolis has a powerful progressive base. Leaders of the protest effort are hoping for 10,000 “uncommitted” votes, a fraction of the 101,436 who cast such votes cast last Tuesday. And Mr. Biden’s <a class="css-yywogo" href="https://www.politico.com/2020-election/results/minnesota/" title="" rel="noopener noreferrer" target="_blank">seven-percentage-point victory</a> in the state in 2020 was more comfortable than <a class="css-yywogo" href="https://www.cnn.com/election/2020/results/state/michigan" title="" rel="noopener noreferrer" target="_blank">his three-point win</a> in Michigan.</p>
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<p class="css-at9mc1 evys1bk0">But trailing in the polls, Mr. Biden needs to bring his party together, and pro-Palestinian voices understand they have leverage to try to sway U.S. policy in the war. His headaches will continue in Washington State on March 12, where progressives are mounting the next “uncommitted” campaign.</p>
<h2 class="css-9ycfei eoo0vm40" id="link-27fabfef">California’s consequential down-ballot primaries.</h2>
<p class="css-at9mc1 evys1bk0">The largest state in the nation will hold the most consequential down-ballot primaries on Tuesday, thanks to its unusual primary system, in which the top two finishers face off on Election Day, regardless of party.</p>
<p class="css-at9mc1 evys1bk0">The marquee race is for the Senate seat held until last year by <a class="css-yywogo" href="https://www.nytimes.com/2023/09/29/us/politics/dianne-feinstein-obituary.html" title="" target="_blank" rel="noopener">Dianne Feinstein</a>, who died at 90 in September. The contest attracted three Democratic heavy hitters, all from California’s House delegation: Adam Schiff, Katie Porter and Barbara Lee.</p>
<p class="css-at9mc1 evys1bk0">For much of the campaign, it looked like the top two finalists would be Democrats, Mr. Schiff and Ms. Porter. Then came the rise of a celebrity Republican, the <a class="css-yywogo" href="https://www.nytimes.com/2024/02/20/us/steve-garvey-california-senate.html" title="" target="_blank" rel="noopener">former Los Angeles Dodgers great Steve Garvey</a>. He didn’t do much campaigning, but Mr. Schiff, figuring that in a Democratic state like California, a Republican would be easier to beat in November, spent $10 million on ads that ostensibly attacked Mr. Garvey as “too conservative for California” but intentionally elevated his candidacy.</p>
<p class="css-at9mc1 evys1bk0">On Tuesday, Mr. Schiff will see whether his strategy will work or whether Ms. Porter can eke out second place.</p>
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<p class="css-at9mc1 evys1bk0">That primary system is also coming into play <a class="css-yywogo" href="https://www.nytimes.com/2024/03/03/us/politics/house-races-democrats-republicans-2024.html?smid=nytcore-ios-share&amp;referringSource=articleShare" title="" target="_blank" rel="noopener">in a House seat in the Central Valley</a> that Democrats dearly want to take from the Republican incumbent, David Valadao. The newly drawn district would have favored Mr. Biden by 13 percentage points in 2020, but before they get a chance to try to win it, Democrats have to contend with each other.</p>
<p class="css-at9mc1 evys1bk0">The party’s chosen candidate, a former assemblyman named Rudy Salas, is facing a spirited Democratic opponent in Melissa Hurtado, whose State Senate seat mirrors the U.S. House district. Both want to be the Central Valley’s first Mexican American representative, but if Democratic turnout is low and divided, Mr. Valadao could end up facing his Republican challenger, Chris Mathys, in November. Democrats will have blown one of their few shots to contest a Republican-held seat that favors Mr. Biden.</p>
<h2 class="css-9ycfei eoo0vm40" id="link-7e74629b">Redistricting cuts both ways.</h2>
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<p class="css-at9mc1 evys1bk0">House primaries in North Carolina and Alabama will show how the redrawing of district lines will help and hurt both parties as they fight for control of a House that Republicans control by three seats.</p>
<p class="css-at9mc1 evys1bk0">In North Carolina, the Republican super majority in the state legislature gerrymandered the map so thoroughly that a state with a Democratic governor and near 50-50 partisan split is likely to see its seven-to-seven House delegation swing to 10 Republicans, out of 14 total seats.</p>
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<p class="css-at9mc1 evys1bk0">Three incumbent Democrats, Jeff Jackson, Wiley Nickel and Kathy Manning, decided not even to stand for re-election. </p>
<p class="css-at9mc1 evys1bk0">In Alabama, a Supreme Court ruling that the state’s Republican-drawn maps unconstitutionally deprived Black voters of representation forced new lines that will pit two sitting House Republicans, Jerry Carl and Barry Moore, against each other. Meantime, at least 11 candidates will fight for the newly drawn district, which is nearly 49 percent Black and would have been won in 2020 by Mr. Biden by more than 12 points.</p>
<h2 class="css-9ycfei eoo0vm40" id="link-c9611fb">In Texas, an impeached attorney general seeks revenge.</h2>
<p class="css-at9mc1 evys1bk0">When Ken Paxton, the Republican attorney general of Texas, was <a class="css-yywogo" href="https://www.nytimes.com/2023/09/05/us/paxton-impeachment-trial-texas.html" title="" target="_blank" rel="noopener">impeached by a State House firmly in control</a> of his own party, it looked like the ultimate nonpartisan rebuke.</p>
<p class="css-at9mc1 evys1bk0">The Texas House ultimately approved 20 articles of impeachment, by a lopsided vote of 121 to 23, related to accusations from a former top deputy that he had abused his office for the benefit of himself and an Austin real estate investor and campaign donor who was said to have assisted Mr. Paxton with home renovations as well as with helping Mr. Paxton conduct an extramarital affair. (Mr. Paxton declared the allegations false.)</p>
<p class="css-at9mc1 evys1bk0">Then last September, after a nine-day trial, <a class="css-yywogo" href="https://www.nytimes.com/2023/09/16/us/ken-paxton-impeachment.html" title="" target="_blank" rel="noopener">the Texas Senate acquitted him</a>. On Tuesday, Mr. Paxton <a class="css-yywogo" href="https://www.nytimes.com/2024/03/03/us/texas-republican-primary.html" title="" target="_blank" rel="noopener">is seeking vengeance</a> on the Republicans who accused him.</p>
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<p class="css-at9mc1 evys1bk0">Republicans aligned with Mr. Paxton or the state’s conservative governor, Greg Abbott, are challenging other Republicans in more than two dozen races. For good measure, Mr. Paxton is trying to remake the state’s highest criminal court by unseating three Republican judges who serve on the Court of Criminal Appeals.</p>
<p class="css-at9mc1 evys1bk0">If the challengers succeed, the nation’s largest, richest conservative state is likely to shift even further right.</p>
<h2 class="css-9ycfei eoo0vm40" id="link-1017841c">Voters in North Carolina will set up a fierce governor’s race.</h2>
<p class="css-at9mc1 evys1bk0">North Carolina has a peculiar habit of choosing Republican presidential candidates, Republican legislatures — and Democratic governors.</p>
<p class="css-at9mc1 evys1bk0">In 2024, with the current Democratic governor, Roy Cooper, term-limited and unable to seek re-election, Republicans hope to break that streak, though primary voters are likely to nominate a candidate who could prolong it. Mark Robinson, the state’s conservative lieutenant governor with a <a class="css-yywogo" href="https://www.nytimes.com/2024/03/04/us/north-carolina-race-governor.html" title="" target="_blank" rel="noopener">history of offensive and polarizing</a> comments, including disparaging members of the L.G.B.T.Q. community, appears poised to win the nomination for the top post, setting up a contest with the Democrats’ likely choice: a mild-mannered, popular state attorney general, Josh Stein.</p>
<p class="css-at9mc1 evys1bk0">The race will be closely watched. North Carolina narrowly went to Mr. Trump in 2020, as Mr. Cooper was winning re-election. Mr. Robinson could get a boost from the presidential campaign — or Mr. Biden could get a boost from the governor’s race.</p>
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