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The popular video-sharing app TikTok, its future in limbo since President Donald Trump tried to shut it down earlier this fall, is asking a federal court to intervene. TikTok’s Chinese owner, ByteDance, has until Thursday to sell off its U.S. operations under an executive order that Trump signed in August. Trump in September gave his tentative blessing to a ByteDance proposal that would place TikTok under the oversight of American companies Oracle and Walmart. But TikTok said this week it’s received “no clarity” from the U.S. government about whether its proposals have been accepted.ByteDance is now asking the U.S. Court of Appeals to review the actions of the Trump administration's Committee on Foreign Investment in the United States (CFIUS), who is overseeing the sale.“For a year, TikTok has actively engaged with CFIUS in good faith to address its national security concerns, even as we disagree with its assessment,” TikTok says in a statement to The Verge. “In the nearly two months since the President gave his preliminary approval to our proposal to satisfy those concerns, we have offered detailed solutions to finalize that agreement – but have received no substantive feedback on our extensive data privacy and security framework.”“Facing continual new requests and no clarity on whether our proposed solutions would be accepted, we requested the 30-day extension that is expressly permitted in the August 14 order. Today, with the November 12 CFIUS deadline imminent and without an extension in hand, we have no choice but to file a petition in court to defend our rights and those of our more than 1,500 employees in the US. We remain committed to working with the Administration — as we have all along — to resolve the issues it has raised, but our legal challenge today is a protection to ensure these discussions can take place.” 1863
The other shoe has dropped for struggling sneaker company Under Armour.Under Armour reported quarterly sales Tuesday that fell nearly 5% from a year ago, missing forecasts badly. The company also lowered its outlook for the year again.That news sent the company's two classes of stock down more than 15% Tuesday. They had already lost nearly half their value for the year ahead of the earnings report. (Under Armour's UAA shares have voting rights while the UA shares do not.)CEO Kevin Plank said in the earnings release that the biggest problem is lower demand for its shoes and athletic apparel in its home market of the United States.The Baltimore-based company has been growing internationally, with sales surging in Europe, Latin America and Asia during the quarter.But those markets are still relatively tiny for Under Armour. Revenue in North America makes up more than three-quarters of its overall sales -- and those sales plunged 12% in the third quarter.It's a stunning fall from grace for Under Armour, which not that long ago was gaining market share at the expense of Nike and Adidas.The company signed Golden State Warriors star Steph Curry a few years ago, a move that seemed like a slam dunk success, since Curry has gone on to win multiple NBA MVP awards and two championships.But several iterations of the Curry shoes have routinely been mocked on social media for not looking cool. Even Curry's teammate Kevin Durant, who endorses Nike, poked fun at Under Armour earlier this year.Making matters worse, there have been reports of supply chain issues with the new Curry 4 line of sneakers. And Under Armour confirmed during its conference call with analysts Tuesday that it will delay some products to the fourth quarter.Under Armour also suffered from bad PR earlier this year after Plank agreed to join the White House's now defunct manufacturing council. Plank said in an interview with CNBC that "a pro-business president is something that is a real asset for the country."Curry told The Mercury News that he agreed with Plank -- but only "if you remove the 'et' from asset." Other professional athletes have been vocal about their disagreements with Trump as well.As such, Plank -- like many other CEOs -- has distanced himself from Trump lately.After Trump was reluctant to criticize neo-Nazis at a white supremacist rally, he then bashed Curry for not wanting to visit the White House and attacked athletes who protested the national anthem. Under Armour has come to the defense of its star endorsers.But that hasn't been enough to rejuvenate Under Armour's flagging sales or stock price.Meanwhile, Adidas has thrived in the past year while Under Armour and Nike have both struggled. Even Skechers has enjoyed a resurgence lately.So what can Under Armour do to get back on track? Neil Saunders, managing director of the research firm GlobalData Retail, wrote in a report that the company should continue to focus on expanding globally, which has been successful for Under Armour.But Saunders added that the company has to do more to court women as consumers, as Nike, Adidas and yoga apparel king Lululemon have successfully done."Under Armour is not so broken that it cannot be fixed. But the days of glory, when it would post double-digit uplifts in sales, are over. Now is the time to work out, slim down, and become more competitive," Saunders wrote. 3394
The pandemic put a real stress on the funeral industry in some areas. Some crematoriums and funeral homes even raised prices because of demand.“What you learn is the variance within a market is extraordinary,” said Ed Michael Reggie, founder of Funeralocity.com. “You can have a direct cremation for ,000 or 00, you can have a burial for ,000 or ,000.”On Funeralocity.com, you can find the prices for nearly every funeral home in America, more than 19,000. Experts say people rarely shop around with final preparations.“Survivors are in a grief-stricken state. They just say, ‘oh gosh we’ve been to the memorial funeral home down the street for other things,’ they just call them,” said Reggie.Part of the problem is funeral homes don't have to post prices online. They're required to give the cost over the phone or provide a list in person. The Federal Trade Commission may eventually require it.Funeralocity.com is free to use.“We hope the way we’ve created our website, where you can mix and match, say ‘OK I want a traditional burial with a ceremony, I want one without, I just want a direct burial, a direct cremation, how about a cremation with ceremonies,’ so we let them play around and it’s all apples to apples to apples, all the other funeral homes in the area,” said Reggie.Funeralocity.com created a program to give accreditation to funeral homes that are vetted and transparent.There are laws that prevent funeral homes from charging extra because of a particular disease or refusing services because of a disease. 1547
The NCAA announced on Thursday that college football bowl games can commence this season on December 1.In the past, teams needed to have a 6-6 (.500) record at a minimum in order to qualify for a bowl game. But with most teams playing a truncated schedule, the NCAA is lifting its minimum requirement to qualify for bowl games.The news comes as the Pac-12 announced that it will begin play Nov. 6. The announcement means all five of the so-called “power 5” conferences will attempt to play a college football season amid the coronavirus pandemic.The Big 10 and Pac-12 originally decided to postpone starting the season. Advances in rapid testing and public pressure caused the leagues to change their decisions.“Providing a more flexible framework for the postseason in this unprecedented time will provide some certainty moving forward,” said Shane Lyons, director of athletics at West Virginia and chair of the oversight committee. “These are important postseason opportunities for our student-athletes, and this will help everyone to prepare.” 1054
The pandemic has made in-person meetings and events far less common, and that includes job interviews. As more interviews take place virtually, here are some tips to help you interview from the comfort of your own home.Jonathan Nugent, the owner of All-Star Career Services in Cincinnati, Ohio, said try to look at your camera, "not necessarily the person that you're chatting with." By looking at the camera, it makes it seem like you are looking at your interviewer directly.Nugent also said your background and setting aren't as important as things like whether or not the place you are sitting is well lit or has good acoustics so your interviewer can hear you properly. Your posture, and whether or not you are sitting up straight or slouching, is also important, said Nugent.From there, stylist and owner of Sloane Boutique, Ivy Costa, said to think about what kind of position you are applying for and dress accordingly.If the job you've applied for is more corporate, Costa suggests dressing in more neutral tones with a pop of color. For creative positions, subtle patterns and more color works.And while some people might only dress their top half for the interview, Costa said dressing like you're in the same room as the interviewer is the best bet."It fires those engines on mentally that you're there and ready to go," Costa said. "When you have the job and you're comfortable, put your yoga pants back on."Sina Gebre-Ab with WCPO in Cincinnati, Ohio, first reported this story. 1500