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Best Buy's Cyber Monday sale is on with huge discounts on Vizio 4K TVs, Sony headphones, and more (live updates)

Businessinsider - Mon, 11/29/2021 - 15:35

Prices are accurate at the time of publication.

When you buy through our links, Insider may earn an affiliate commission. Learn more.

Cyber Monday 2021 officially begins today and there are amazing deals all over the web. Best Buy is offering some of the deepest discounts we've seen all year on 4K TVs, home theater systems, appliances, and more. After slashing the prices during its huge Black Friday sale, the retailer is back this Cyber Monday for a continuation of those deals.

And you won't be navigating those sales alone. Here at Insider Reviews, we test products across all categories to offer the best buying advice during major sales events like today.

Below, we rounded up a few of the best deals you can claim right now from Best Buy on items we think are worth both your time and money. You'll also find answers to a few FAQs at the bottom of this post to help you better manage the Cyber Monday frenzy.

Best Buy Cyber Monday 2021 dealsSave $70 on Apple AirPods MaxApple Airpods MaxApple's AirPods Max carry over all the features fans love about the AirPods Pro into a wireless over-ear headphone design. It's a bit too early for deals to surface for a pair and stock is still extremely limited. $479.00 FROM BEST BUYOriginally $549.00 | Save 13%$439.99 FROM AMAZONOriginally $549.00 | Save 20%$479.00 FROM WALMARTOriginally $549.00 | Save 13%$549.00 FROM APPLE$549.00 FROM TARGET

Save $20 on a 12-month PlayStation Plus membershipPlayStation Plus 12-Month SubscriptionPlayStation Plus allows gamers to play online, nets them special discounts in the PlayStation Network store, and subscribers get free games each month that remain available as long as the PlayStation Plus subscription is active. $39.99 FROM BEST BUYOriginally $59.99 | Save 33%$36.99 FROM CDKEYSOriginally $59.99 | Save 38%$39.99 FROM AMAZONOriginally $59.99 | Save 33%

Score $500 off the Hydrow row machineHydrow Connected RowerThe Hydrow Connected Rower is the Peloton of at-home rowing machines, bringing interactive rowing workouts right to your living room.$1794.99 FROM BEST BUYOriginally $2244.98 | Save 20%$1795.00 FROM HYDROWOriginally $2295.00 | Save 22%$1794.99 FROM AMAZON

$200 off the Dyson Ball AnimalDyson Ball AnimalThe Dyson Ball Animal vacuum is easy to maneuver, contains HEPA filters for removing allergens from your home, and has a bagless canister for convenience. $299.99 FROM BEST BUYOriginally $499.99 | Save 40%

50% off 3rd-generation Amazon Echo DotsAmazon Echo Dot (3rd Gen)The Amazon Echo Dot features all the awesome smart features that you'll get on any other Alexa speaker, but comes at a fraction of the price.$19.98 FROM BEST BUYOriginally $39.99 | Save 50%$19.98 FROM AMAZONOriginally $39.99 | Save 50%$19.98 FROM THE HOME DEPOTOriginally $39.99 | Save 50%

Save $100 on the Sony WH-1000XM4Sony WH-1000XM4Sony's WH-1000XM4 are our go-to pair of headphones when we look for a balance of sound quality and noise-cancelling performance.$248.00 FROM BEST BUYOriginally $349.99 | Save 29%$248.00 FROM AMAZONOriginally $349.99 | Save 29%$249.99 FROM TARGETOriginally $349.99 | Save 29%

Get $300 off the Vizio 65-inch OLED 4K TVVizio 65-inch OLED 4K TVVizio's 65-inch 4K OLED TV offers all the OLED picture quality benefits that home theater fans love for less than the competition.$1499.99 FROM BEST BUYOriginally $1799.99 | Save 17%

Save 20% on the Hisense 65-inch U8G 4K TVHisense 65-inch U8G 4K TVThe 65-inch Hisense U8G offers genuine flagship performance for a mid-range price.$999.99 FROM BEST BUYOriginally $1249.99 | Save 20%$998.08 FROM AMAZONOriginally $1249.99 | Save 20%

Get $100 off a MacBook AirApple MacBook Air (M1)The latest MacBook Air released in late 2020 gains Apple's new M1 processor, which brings impressively fast performance and long battery life, for under $1,000, making it the best Apple laptop overall.$899.99 FROM BEST BUYOriginally $999.99 | Save 10%$999.00 FROM APPLE$999.00 FROM B&H

Save $150 on the Microsoft Surface Laptop GoMicrosoft Surface Laptop GoMicrosoft's Surface Laptop Go is a compact notebook made for those who want an affordable, well-designed laptop. It's best for those who value portability over almost anything else in a laptop. $549.99 FROM BEST BUYOriginally $699.99 | Save 21%$629.99 FROM AMAZONOriginally $699.99 | Save 10%

Take 33% off a pair of Beats Studio BudsThe Beats Studio Buds offer crisp and vibrant audio for the price.Beats Studio BudsThe Beats Studio Buds offer great sound, an excellent fit, and decent noise cancellation for $150. They support instant pairing for both iPhone and Android users, but the iPhone experience is still more seamless.$99.99 FROM BEST BUYOriginally $149.99 | Save 33%$99.95 FROM AMAZONOriginally $149.94 | Save 33%$149.99 FROM APPLE$99.99 FROM TARGETOriginally $149.99 | Save 33%$99.95 FROM WALMARTOriginally $149.94 | Save 33%

Take $50 off the Amazon Echo Show 8Amazon Echo Show 8The Amazon Echo Show 8 has an 8-inch screen that can show you the weather, videos, and more. Some of Alexa's skills are improved with a screen, too.$59.99 FROM BEST BUYOriginally $109.99 | Save 45%$59.99 FROM AMAZONOriginally $109.99 | Save 45%

Save 40% on the Roku Streaming Stick 4K (2021)Roku Streaming Stick 4K (2021)Compared to the Roku Streaming Stick+, the new Streaming Stick 4K provides an improved viewing experience by adding support for Dolby Vision. This advanced high dynamic range (HDR) format can provide better picture quality on TVs that support it.$29.99 FROM BEST BUYOriginally $49.99 | Save 40%$29.00 FROM AMAZONOriginally $49.99 | Save 42%$29.99 FROM ROKUOriginally $49.99 | Save 40%$29.00 FROM WALMARTOriginally $49.99 | Save 42%

Save $70 on the Amazon Fire HD 8 Kids Edition TabletAmazon Fire HD 8 Kids Edition TabletThe Amazon Fire HD 8 Kids Edition is affordable, packed with age appropriate fun, and offers effective parental controls.$69.98 FROM BEST BUYOriginally $139.99 | Save 50%$69.98 FROM AMAZONOriginally $139.99 | Save 50%

Save 50% on the Turtle Beach Recon 200 gaming headsetTurtle Beach Recon 200 gaming headsetThe wired Recon 200 from Turtle Beach work for Xbox, PlayStation, and Nintendo Switch, and they're a perfect entry-level gaming headset and mic.$29.99 FROM BEST BUYOriginally $59.99 | Save 50%

Take $80 off of the Bose QuietComfort EarbudsBose QuietComfort EarbudsThe Bose QuietComfort Earbuds are the best overall wireless noise cancelling earbuds you can buy with good sound and stellar noise cancellation.$199.00 FROM BEST BUYOriginally $279.00 | Save 29%$199.00 FROM AMAZONOriginally $279.00 | Save 29%$199.00 FROM BOSEOriginally $279.00 | Save 29%$199.00 FROM WALMARTOriginally $279.00 | Save 29%

Take $70 off the Jabra Elite 75tJabra Elite 75tThese wireless earbuds offer up to 25 hours of battery time and is compatible with Alexa, Siri, and Google assistant. Their sound quality punches higher than their price tag. $79.98 FROM BEST BUYOriginally $149.99 | Save 47%$76.98 FROM AMAZONOriginally $149.99 | Save 49%

Take $200 off the iRobot Roomba i3+iRobot Roomba i3+ (3550) Robot VacuumThe i3+ costs considerably more than your average robot vacuum, but it also does a lot more than the average robot vacuum. It develops personalized cleaning schedules and empties itself. $399.99 FROM BEST BUYOriginally $599.99 | Save 33%$399.00 FROM WALMARTOriginally $599.00 | Save 33%$399.99 FROM IROBOTOriginally $599.99 | Save 33%$399.99 FROM THE HOME DEPOTOriginally $565.47 | Save 29%

Get 35% off the iRobot Roomba 694iRobot Roomba 694This robot vacuum can be automated to work around your home schedule, and also works with virtual assistants like Alexa and Google Home. It's not the most powerful Roomba, but it can handle hardwood floors, pet hair and short carpets without issue.$179.99 FROM BEST BUYOriginally $274.99 | Save 35%$179.00 FROM AMAZONOriginally $274.00 | Save 35%

Get $50 off the Ninja Foodi Indoor GrillNinja Foodi 6-in-1 Smart XL Indoor Grill with Air FryerOne of Ninja’s most popular smart cook systems, you’ll be able to get it at $219 at Kohl’s along with $45 Kohl’s cash to use between November 28 and December 9.$249.99 FROM BEST BUYOriginally $299.99 | Save 17%$249.99 FROM KOHL'SOriginally $329.99 | Save 24%

Save $60 on the Vitamix Explorian BlenderVitamix Explorian BlenderThe renewed Vitamix Explorian is pre-owned, but every bit as good as new and comes with a 90-day Amazon Renewed Guarantee on top of a 3-year full warranty.$289.95 FROM BEST BUYOriginally $345.99 | Save 16%$289.95 FROM TARGETOriginally $449.99 | Save 36%

FAQHow do we choose the best deals from Best Buy?
  • We only choose products that meet our high standard of coverage, from brands we've tested and trust.
  • We compare the prices against other retailers like Amazon, Target, and Walmart and only include the deals that are the same or better (not including promotional discounts that come from using certain credit cards).
  • We research price history thoroughly to ensure that every deal we list is actually worth your time.
When is Cyber Monday 2021?

Cyber Monday 2021 takes place on November 29, which is the Monday after Thanksgiving.

As the name suggests, Cyber Monday sales are typically online-only, whereas Black Friday also includes in-store discounts. The discounted products are generally the same during both events, but Cyber Monday traditionally leans a bit more on tech.

Can I order online and pick up in-store?

Best Buy offers both in-store and curbside pickup for online orders. Just select the option that works best for you when adding to your cart to knock off any extra shipping costs and, sometimes, expedite your order's arrival.

You'll need your ID, the credit card used for the purchase, and order number when you get to the store. To prevent the spread of COVID-19, unvaccinated customers must also wear a face-covering to enter the store to pick an order up. 

Here are the options:

  • Contactless Curbside Pickup: Keep contact to a minimum by selecting this option at checkout; you'll get step-by-step instructions via email to receive your order as smoothly as possible, all from the safety of your car. 
  • Fast Store Pickup: By selecting store pickup at checkout, you can get your order prepped and ready to pick up at a store in as little as an hour after placing it. You'll get an email when it's ready and, once inside the store, just look for the "Store Pickup" sign.
  • Free shipping to stores: If the item you're ordering is out of stock at your local Best Buy, you can have it shipped to your store for pickup, free. 
  • Friends and Family Pickup: Send a gift to a loved one via your closest Best Buy location or have someone you trust pick your order up for you with this option. Shipping to a store is still free.
  • Warehouse Pickup: For larger purchases like home appliances, select warehouse pickup to avoid scheduling conflicts and heavy shipping costs by picking your order up straight from the warehouse. Most metropolitan areas have a Best Buy Warehouse nearby; find a warehouse (it'll say in the name) near you here.
What should I buy from Best Buy during Cyber Monday?

The discounts you should expect from Best Buy this Cyber Monday are very similar to those we saw during Black Friday. Deals lean heavily on tech: TVs, audio gear, smart home accessories, gaming peripherals and the like are all deeply discounted over Cyber Monday.

If you're planning to buy a TV, Cyber Monday is usually a great time to find one on sale. We're already seeing notable drops, like $250 off the 65-inch Hisense U8G, $150 off the 60-inch Hisense A6G, and $400 off the 65-inch Samsung QN90A. No matter your budget or size requirements, you're sure to find something that fits your needs this Cyber Monday.

Headphones and speakers always drop to notable lows during the event, and 2021 should be no different. Whether you're looking for earbuds, Bluetooth headphones, portable speakers, soundbars, or bookshelf speakers, you will likely find a solid deal on Cyber Monday. 

Though typically less pricey a purchase than something like a TV, PC and gaming peripherals always fall to lows on Cyber Monday. Gaming mice, keyboards, headsets, and SSDs from brands like Logitech, Razer, HyperX, and Samsung see deep discounts every year during the event, so don't miss out if you're looking for something specific.

What is a My Best Buy membership?

My Best Buy is a free membership program offered by the retailer that can get you some extra discounts and perks. Some of the perks include, but aren't limited to, early deal access and the Black Friday price guarantee going on now.

You don't need to be a member to shop the deals, but if you're planning to shop from Best Buy at all this Cyber Monday, it's worth taking the time to sign up.

Which is better, Black Friday or Cyber Monday?

Last year, with most shopping taking place online, the difference between Cyber Monday and Black Friday became less distinct — in-store exclusives were a thing of the past as buyers stayed home and opted for safety. 

In-person shopping has made a comeback this year, but online shopping remains a big part of both events. As such, it's difficult to say that one will be better than the other. You can view Cyber Monday more like an extension of Black Friday than a completely separate sale. 

If you're worried about encountering buyers' remorse amongst the flurry of discounts, don't fret; when buying through one of our posts, you can be sure you're getting an actually good deal (and we'll always include details so you can make the most informed purchase possible). As a rule of thumb, it's always safe to buy a deal on either Black Friday or Cyber Monday, especially if we note that it's a new low.

How do I make a return to Best Buy?

You may need to return a product for a variety of reasons and as long as you have a receipt, Best Buy will offer your money back. Like many major retailers, Best Buy is offering an extended return policy, but there are exceptions. See our guide on how to return a purchase you made online.

Read the original article on Business Insider
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A little known altcoin called omicron is surging as the new coronavirus variant makes headlines

Businessinsider - Mon, 11/29/2021 - 15:34
  • A little-known altcoin called omicron surged to a record high as the new coronavirus variant make headlines.
  • The price of omicron, whose ticker is omic, peaked at $689.12 on Monday, according to CoinGecko data.
  • The altcoin has no connection to the new strain other than its shared name.

A little-known altcoin called omicron surged to a record high as the new coronavirus variant with the same name made headlines.

The price of omicron, whose ticker is omic, peaked at $689.12 on Monday, according to CoinGecko data. That means the coin soared as much as 960% from the time the World Health Organization labeled the new variant Friday, when it was hovering just around $65.

On Monday, the digital asset was trading at $162.14 as of 8:31 a.m. ET, roughly 76% lower from its all-time high.

The altcoin has no connection to the B.1.1.529 strain other than its shared name, the 15th letter of the Greek alphabet.

The coin, a decentralized reserve currency protocol that runs on the ethereum layer-two network arbitrum, is backed by several assets, such as stablecoin USD coin, according to an explainer. It is listed solely on decentralized exchange SushiSwap.

And unlike other coins that were borne out of phenomenal events — such as the Squid Game token — omicron already existed before the emergence of the COVID-19 variant last week.

CoinGecko, for instance, has been tracking it since November 11. The crypto data aggregator, however, does not provide further details of the coin's circulating supply or market capitalization.

While the coin has a website, a Twitter account (joined October 2021), and a discord account, little else is known about it.

"Omicron is a clear sign of a bubble, and while it might be a good way to make a quick return, it is not a good buying option for the long-term investors," Freddie Evans, sales trader at digital asset broker GlobalBlock told Insider Monday. 

Altcoins, in general, have rallied in the past weeks as retail investors direct their attention to newer and lesser-known coins, such as shiba inu and dogecoin, which are increasingly becoming popular for their hefty gains compared to more established assets, like bitcoin.

Read the original article on Business Insider
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Binance restarts dogecoin withdrawals following technical glitch and CEO's skirmish with Elon Musk

Businessinsider - Mon, 11/29/2021 - 15:33
Binance
  • Binance said Monday investors could resume withdrawing dogecoin after it fixed a technical glitch. 
  • The crypto exchange halted withdrawals for about two weeks after a network upgrade led to technical problems. 
  • Elon Musk and Binance CEO Changpeng Zhao exchanged words on Twitter over the matter. 

Binance, the world's largest cryptocurrency exchange, said Monday investors could again withdraw dogecoin from their accounts after straightening out a technical problem that prompted a Twitter run-in between billionaire and dogecoin enthusiast Elon Musk and Binance's CEO Changpeng Zhao. 

The exchange said withdrawals are fully open, about two weeks after it halted withdrawals of the 10th most valuable cryptocurrency because of a glitch in its database system following a network upgrade. 

Binance "tested everything" on Saturday by resuming withdrawals but did so silently to ensure there were no further issues, it said in a statement.

"What began as a fairly straightforward upgrade, turned into an issue where Binance users were unable to withdraw DOGE for the last 17 days," it said, adding that 1,634 users had been sent old transactions.

"It was an unlikely and unfortunate coincidence for Binance, the DOGE network, and DOGE hodlers. If we at Dogecoin Core maintainers and Binance had tried to plan this, we simply would not have been able to — not quite the shady circumstances that some had suggested," Binance said in Monday's statement. 

The company was referring to Musk's tweet on November 23: "Hey @cz_binance, what's going on with your Doge customers? Sounds shady."

Musk's comment spurred a response from Zhao: "Elon, we are pretty certain it is an issue with the latest #doge wallet," he wrote and apologized for any inconvenience. Zhao wrapped up the tweet asking Musk, "What happened here?," and linked to a Guardian story earlier this month about Tesla's recall of 12,000 vehicles in the US stemming from a software glitch. 

No single entity was at fault for the technical problem nor did the DOGE Network have prior knowledge of the "rare issue," Binance said Monday. "So rest assured, as CZ said - no one's getting fired," it said, referring to Zhao's November 24 statement saying the company was working to resolve the problem. 

Dogecoin on Monday traded about 11% higher at $0.221485, driving its market capitalization to $29.3 billion.

Read the original article on Business Insider
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Adult diaper sales in China could exceed infant diaper sales by 2025, research suggests

Businessinsider - Mon, 11/29/2021 - 15:28
Some diaper manufacturers are reportedly preparing for an adult diaper sales boom in China.
  • Sales of adult diapers in China could exceed infant diapers by 2025, according to an FT report.
  • China's population is rapidly aging as the country's birth rate declines. 
  • The demographic shift means some manufacturers are refocusing marketing on adult diapers, the FT reported.

The diaper market in China appears headed towards an inflection point.

By 2025, sales of adult diapers could exceed those of infant diapers because of the country's rapidly aging population and declining birth rate, according to a report from the Financial Times that cited data from analysts, investors, and manufacturers.

It's estimated that by 2050, 330 million Chinese will be over the age of 65. Meanwhile, the country's birth rate is falling – it hit its lowest level last year since 1952.

The demographic shift means some diaper manufacturers are already refocusing their marketing to promote their products to older customers.

Unicharm, one of the top sellers of diapers in China, appears to be one of them. Citing sources close to the company, the FT reported that Unicharm is now devoting more of its marketing dollars to adult diapers than infant diapers. A spokesperson for the company declined to comment on this.

The owner of a diaper factory in Hubei, China, told the FT that it had pivoted to making diapers for adults rather than infants, and it's already seeing "strong demand."

The adult diaper market in China is expected to be worth $30 billion by 2040, according to data from analysts CLSA.

Marketing and selling adult diapers has been a historically tricky business because of the stigma around the products.

Reuters reported in 2019 that two diaper manufacturers, Essity and Kimberly-Clark, estimated that only half of the more than 400 million adults that are likely to be affected by weak bladders are buying the correct products, because they are embarrassed.

"People keep the fact that they have incontinence secret from their loved ones, from their husbands, brothers, and sisters – this is a deep secret for many consumers and yet it's just a fact of life, it's a physiological reality," a spokesperson for Kimberly-Clark told Reuters at the time. 

Read the original article on Business Insider
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'Fox & Friends' hosts baselessly suggested that Democrats are making up new COVID-19 variants to buy them time to fix the supply-chain crisis

Businessinsider - Mon, 11/29/2021 - 15:27
Will Cain, Rachel Campos-Duffy and Pete Hegseth on 'Fox & Friends' (from left to right).
  • The hosts of "Fox & Friends" accused Democrats of inventing new coronavirus variants. 
  • The government is using variants to buy time to fix the supply-chain crisis, they said on Saturday.
  • Omicron, the latest COVID-19 variant, was first detected in South Africa and was not made up by Democrats.

The hosts of "Fox & Friends" baselessly suggested that Democrats are making up new coronavirus variants to help the Biden administration buy time to fix the supply chain crisis.

In a segment that aired on Saturday, Rachel Campos-Duffy, Will Cain, and Pete Hegseth discussed the possibility that the new coronavirus strain, Omicron, could bring about another lockdown, which would further impact the supply chain crisis.

Campos-Duffy cited comments made by Transportation Secretary Pete Buttigieg last month about how the government cannot fix the crisis — sparked by global shutdowns in 2020 — until the pandemic is over.

"[He] has said we can't fix the supply chain problem until the pandemic is over, until COVID is over," Campos-Duffy said, according to Mediaite.

"And now we see these new variants. So that's the answer: more lockdowns, more lockdowns, more fear and therefore he doesn't have to do his job of fixing the supply chain because 'we'll keep this whole thing going,'" she added.

Both co-presenters agreed with her comments, with Cain adding: "Always a new variant," while Hegseth said: "You can count on a variant about every October, every two years" — referencing the mid-term elections.

At one point, Hegseth also mimics a person on the phone saying: "We're gonna need a new variant here," according to Mediaite.

Insider reached out to Fox News for comment. 

Omicron — known as the B.1.1.529 variant — was first identified in Botswana and South Africa last week and has since spread to multiple continents including Europe, Asia, and Australia. It is not part of a Democratic hoax.

On Sunday, Canada reported North America's first two cases of the variant.

Dr. Anthony Fauci, the nation's top infectious diseases expert, said over the weekend that he "would not be surprised" if the variant has already made its way into the US, according to CBS News.

News of the variant is prompting governments to issue travel bans while scientists and public health experts figure out whether it poses a greater danger than other variants.

Watch the "Fox & Friends" segment below:

—Heartland Signal (@HeartlandSignal) November 27, 2021Read the original article on Business Insider
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Matsutake mushrooms can cost over $500 per kilogram. Here's what makes them so expensive.

Businessinsider - Mon, 11/29/2021 - 15:23
  • Matsutake mushrooms harvested in Japan can cost over $500 per kilogram.
  • But it's hard for mushroom foragers to predict the quality of a harvest.
  • Over the past 70 years, Japan's harvest has declined by over 95% driving up the price.

Matsutake mushrooms harvested in Japan can cost over $500 per kilogram. Mushroom foragers like Gihei Fujiwara search for matsutake once a year around early fall. But it's hard to predict the quality of a harvest. Over the past 70 years, Japan's harvest has declined by over 95%. Now the mushrooms future is unclear. So what makes these mushrooms so expensive? And why have they almost disappeared?

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Tanzania: Seven die in Zanzibar after eating poisonous turtle meat

BBC News - World - Mon, 11/29/2021 - 15:17
The meat is a delicacy for some in Tanzania but the authorities have now banned its consumption.
Categories:

4 GOP-controlled states are changing their unemployment laws to allow those defying COVID-19 vaccine mandates to get benefits

Businessinsider - Mon, 11/29/2021 - 15:17
Florida Gov. Ron DeSantis.
  • GOP-controlled legislatures are seeking to undermine President Joe Biden's vaccine mandate. 
  • Four states have passed bills that would provide unemployment benefits to those fired for refusing the vaccine.
  • Vaccine mandates have become an issue of fierce partisan controversy. 

Republican-controlled legislatures in four states are changing their unemployment laws so that people who have been fired or quit their jobs over the COVID-19 vaccine mandate can claim unemployment benefits.

 

The Florida, Iowa, Kansas and Tennessee state legislatures all changed their unemployment insurance rules in recent weeks to allow those refusing to comply with vaccine mandates to claim benefits.

Under the usual rules, employees who have quit their jobs or been fired are not entitled to claim unemployment benefits. Axios reported the development on Sunday.

Here's a rundown of the changes:

  • On October 30, Iowa Gov. Kim Reynolds signed a bill protecting the unemployment benefits of those fired for defying the mandates.
  • On November 12, Tennessee Gov. Bill Lee signed into law a bill allowing those defying vaccine mandates to claim unemployment benefits.
  • On November 19, Florida passed a bill allowing those defying the vaccine mandate to claim benefits as part of a broader bill providing a series of exemptions to employers' COVID-19 mandates.
  • On November 23, lawmakers in the GOP-controlled Kansas State Legislature passed a bill protecting unemployment benefits of vaccine-mandate defiers as part of a bill broadening religious exemptions from the mandate, the Associated Press reported.

The laws seemed designed to undermine President Joe Biden's vaccine mandate, which is set to come into force in January. Under the rules, federal government employees or those employed in companies that have 100 or more people must get vaccinated, or submit to weekly COVID-19 tests. Companies defying the mandate face hefty fines. 

Many Republicans have positioned themselves in opposition to vaccine mandates, and GOP-led legislatures in several states have enacted laws to provide broad exemptions to mandates. 

According to researchers at the University of Oxford, the US has one of the lowest vaccination rates of countries in the G7. New concerns are growing about a new coronavirus variant identified last week, Omicron, which some experts say may be more transmissible. 

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GDP represents the sum total of a nation's output and income

Businessinsider - Mon, 11/29/2021 - 15:16
GDP is most commonly discussed in terms of its growth or contraction.
  • Gross domestic product is the total value of goods and services produced in a country over a period of time.
  • There are various ways to calculate GDP and different types of GDP that look at different factors.
  • GDP is used to track economic expansion or contraction but lacks some important nuance.
  • Visit Insider's Investing Reference library for more stories.

Gross domestic product (GDP) is a measurement of the total value of goods and services produced in a country during a set period of time. The amount that GDP increases or decreases periodically is an important metric that investors use to assess the health of the economy and particular industries.

GDP is also a key consideration in the government's tax-and-spending plans and the Federal Reserve's monetary policies. Read on to learn how GDP works, how it's calculated, and the limitations of using GDP as a measurement for economic health.

Understanding how GDP works 

GDP is used to monitor both the size and strength of an economy and is usually discussed in terms of the percentage of its growth or contraction over time. For example, the US Bureau of Economic Analysis (BEA) reported that real GDP increased at an annual rate of  2.1% in the third quarter of 2021. GDP for the US is measured in quarterly and annual intervals.

"It's typically used as a method of measuring a country's economic strength when compared to others," explains Jim Pendergast, senior vice president of altLINE, a division of The Southern Bank Company.

The size and scope of the more than $22 trillion US economy makes calculating GDP a complex task. Finding the total dollar value of the goods and services produced in a year involves collecting data in four main categories: consumer spending, government spending, business spending (or investment), and net exports.

The BEA describes each of the main categories like this:

  • Consumer spending: The goods and services you buy, such as groceries, clothes, cellphone service and health care
  • Business spending: Money spent on everything from land, buildings, and equipment to unsold inventory; also includes consumer home purchases
  • Government spending: The money spent on goods and services including schools, roads, and national defense
  • Net exports: The value of exports to other countries minus the value of imports into the US

The International Monetary Fund (IMF) notes that while GDP is valuable because it gives information about the size and performance of an economy, it's also important to understand what GDP does not show. This includes the overall standard of living or well-being of countries where increased output may come at the cost of damage to the environment or the reduction of leisure time.  

On the surface, evaluating GDP numbers shows that the economy is either expanding or contracting. It doesn't track everything, though.

Some of the things not included in GDP are unpaid domestic labor such as childcare, activities that occur on the black market, the sale of used items, the sale of items not produced in the US, stock transactions, unemployment or Social Security payments, and volunteering. 

GDP is used by various entities in different ways. Federal and local government officials use it as part of the budgeting process. It's a key metric informing the Fed's decision making on monetary policy. Businesses use it when making strategic decisions about expansion. 

Investors can use GDP to assess the pulse of the economy and certain industries as well as review international markets. 

"It helps investors know which countries are most profitable. If a country is struggling financially, investors could lose a lot of money in the market," says Pendergast. "For example, when Greece experienced its significant economic downturn, many foreign investors lost money on the market. By analyzing trends in the GDP, investors can know where to put their money."

How is GDP calculated? 

According to the BEA, GDP is calculated as the sum of the four main categories:

Consumer spending + business spending + government spending + net exports = GDP

Adding these together, you get GDP, which reflects the overall market value of all goods and services that are produced. This GDP calculation is typically referred to as the expenditure approach, but there are two other ways to calculate GDP as well. 

According to the IMF, the income approach takes the total sum of all the incomes that are created by production. Additionally, there is the production approach, which calculates any added value from the production process. This can include things such as food ingredients creating a meal, or designers' services included in a project that comes to life later on. 

The BEA releases GDP estimates and reports that you can review yourself. You can also turn to the IMFto see global GDP data in its World Economic Outlook or Global Financial Stability Reports.

Quick tip: As an investor, you can review GDP data by industry to help you evaluate growth and inform your financial decision-making. 

What are the types of GDP? 

There are also various types of GDP that are measured in different ways, each serving a different purpose. 

"Nominal GDP is an evaluation of a country's economic production, excluding inflation and the cost of rising prices within the country," says Pendergast. 

Sometimes this can also be called "current-dollar GDP". Since nominal GDP doesn't account for inflation, you need to look at real GDP numbers which are adjusted for inflation over time to provide a more accurate picture. 

"Real GDP is the inflation-adjusted GDP with information of years past in terms of monetary value over time," explains Pendergast. 

There are other important GDP-based metrics that offer more insights and nuance. 

"GDP per capita measures the average assets of everyone within a country's population, which can include productivity and living standards," Pendergast notes. "GDP growth rate primarily focuses on the average change in economic growth over time based on new policies, inflation, and unemployment rates."

There's also a way to compare GDP among countries. Each country reports GDP data in its own currency, so to evaluate GDP among different countries, a purchasing power parity (PPP) exchange rate is used to convert GDP into US dollars.

The PPP exchange rate reflects the rate that a particular country would need to convert its GDP currency to another country and hold the same 'purchasing power' to buy an equal amount of goods and services. 

Limitations of GDP 

GDP is used as a go-to economic benchmark on a global level. While it can provide markers for economic growth, it doesn't show you the big picture for everything and lacks some important nuance. 

"For the most part, GDP can give an accurate account of areas of improvement and decline, both of which are essential to rebuilding a population's economy," says Pendergast.

But it falls short in other aspects because evaluating output is just one way to look at the productivity of a particular country or economy. 

"GDP gives a poor evaluation of quality of life. Since a GDP report is broad, it's difficult to analyze how people are thriving within the country," explains Pendergast. "Different standards of living and unemployment in a variety of cities are extremely different, and such a broad view doesn't improve a country's ability to make small changes to fix big problems."

The financial takeaway

GDP is an economic metric that is used in a wide variety of contexts and has uses that are far-reaching on a national and global level. It's a good benchmark to use as an investor to assess the health of the economy and certain industries. What it doesn't do is take into account unpaid labor, quality of life, or happiness.

To do your own research on GDP, you can check out reports published by BEA and look at data from the IMF.

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Magdalena Andersson: Sweden's first female PM returns after resignation

BBC News - World - Mon, 11/29/2021 - 15:14
Magdalena Andersson is backed by MPs again, despite standing down last week hours into the job.
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Fifa tester semiautomatisk offsidesystem

DR Sporten - Mon, 11/29/2021 - 15:14
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AMC is offering 86,000 NFTs to retail investors and movie theater rewards members who preorder Spider-Man tickets

Businessinsider - Mon, 11/29/2021 - 15:13
Tom Holland as Spider-Man in "Spider-Man: No Way Home."
  • AMC and Sony Pictures are offering 86,000 NFTs to early buyers of the latest Spider-Man film.
  • The offering caused online ticket sales "to soar to the highest ever," AMC CEO Adam Aron said.
  • Only rewards members and AMC retail investors can get an NFT with a pre-order of Spider-Man premiere tickets.

AMC is offering thousands of NFTs in conjunction with early movie-ticket sales of the latest Spider-Man movie.

The movie theater chain and Sony Pictures teamed up to offer up to 86,000 non-fungible tokens, aka NFTs, to retail investors and rewards members who pre-order tickets to the December 16 premiere of "Spider-Man: No Way Home," the company said in a Sunday press release.

Only AMC Investor Connect, the rewards program for retail investors, and AMC Stubs Premiere & A-List members are eligible for one of the thousands of NFTs, which come in 100 different designs, the press release said. AMC will deliver instructions to retrieve the NFT via email on December 22, and it must be redeemed by March 1, 2022.

In a Sunday tweet, AMC Chief Executive Officer Adam Aron wrote, "They'll go quick!" 

In the upcoming film, a trailer revealed Spider-Man will face popular enemies like Doc Ock, Green Goblin, and Electro. Spider-Man, played by Tom Holland, is joined in the cast by Zendaya and Benedict Cumberbatch, among others. 

On Monday, Aron said, "Our #AMCFirstEverNFT with @SonyPictures and Spider-Man: No Way Home caused AMC's online ticketing traffic Sunday night/Monday morning to soar, to the highest ever in AMC's entire history. Oh did we sell tickets! But we are sorry wait times got long with the unprecedented volumes."

Aron has become a leader among the retail investing community. He's capitalized on interest from retail traders — who have driven his stock price up more than 1,700% since the beginning of the year — through tweets and perks like free popcorn. And now he's doing it through NFTs, which are digital pieces of art tied to the blockchain. 

The digital tokens along with blockchain technology have been criticized for harming the environment, but AMC said its offering is "eco-friendly." The press release said, "The Spider-Man NFT will be available to be redeemed at a dedicated site operated by WAX, an energy efficient, ultra-low carbon footprint blockchain and the first certified carbon neutral."

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Moderna extends 2-day gain to 32% after it says Omicron vaccine will be ready in early 2022

Businessinsider - Mon, 11/29/2021 - 15:11
Woman receives her second Moderna COVID-19 vaccine at a vaccination site on March 29 2021 in San Antonio, Texas.
  • Moderna soared as much as 10% on Monday, extending its two-day gain to more than 30% amid the spread of the COVID-19 Omicron variant.
  • Moderna said it is working to ready a vaccine specifically targeting the new variant by early 2022.
  • The company is also testing three existing COVID-19 booster candidates against the new variant.

The emergence of a new COVID-19 variant sparked a big rally in shares of Moderna on Monday as the company announced plans to combat the virus with more vaccines.

Moderna jumped as much as 10% on Monday, extending its two-day rally to more than 30% amid budding fears of the Omicron variant.

The Omicron variant of the COVID-19 virus was first identified in South Africa earlier this month and has since spread to more than a dozen countries. The highly mutated variant is thought to be more contagious than other COVID-19 variants including Delta, though mild symptoms suggest it could be less deadly.

While it's unclear how effective current vaccines are in preventing spread of the virus, tests are underway to determine the risk of infection among the already vaccinated.

But Moderna thinks it could develop a new vaccine to combat Omicron relatively quickly if it's needed, thanks to its mRNA platform that enables quick adaption to new virus variants. Moderna said a new vaccine specifically programmed to combat Omicron could be ready by early 2022, and it's also testing a higher dose of its booster shot against the variant.

"If we have to make a brand new vaccine, I think that's going to be early 2022 before that's really going to be available in large quantities. The remarkable thing about the mRNA vaccines is that we can move very fast," Moderna's chief medical officer Paul Burton told the BBC.

The rally in Moderna that started on Friday ended a steep three-month decline of about 45% in the stock, with shares falling from nearly $500 in August to $275 last week as investors viewed the steady decline in COVID-19 cases as a likely decline in Moderna's vaccine revenues as the pandemic recedes. 

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Seeking nominations for the power players in mobile esports

Businessinsider - Mon, 11/29/2021 - 15:10
Esports team Pittsburgh Knights competing at a "PUBG Mobile" tournament in 2019
  • Insider is compiling a list of the people leading the booming mobile esports industry.
  • The list will include players, game developers, managers, and organizers.
  • Please submit your nominations through this form by December 3.

Mobile is an increasingly popular category for gaming, with more than 150 million people playing mobile games this month, Insider Intelligence estimates.

Mobile esports, the competitive tournaments and leagues of mobile gaming, continues to draw record viewership. According to Esports Charts, which tracks viewership on streaming platforms, a "Mobile Legends: Bang Bang" tournament was the most-watched esports event in September with a peak viewership of over 1.7 million people. 

Other popular mobile esports titles include first-person shooters like "PUBG Mobile" and multi-player online battle arenas like "League of Legends: Wild Rift." The category also includes games like "Teamfight Tactics," a turn-based strategy game that can be played on mobile phones, as well as on PCs. 

Insider is looking for the people driving this competitive side of mobile gaming forward. The list will include professional players, coaches, and managers on teams that compete in mobile esports leagues, as well as the people who organize tournaments and the developers who bring games to the public.

Please submit your nominations via this form (or below) by December 3.

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Most Americans support CEOs speaking out on inequality, racism, and diversity, new survey shows

Businessinsider - Mon, 11/29/2021 - 15:05

PayPal CEO Dan Schulman has become an outspoken advocate for leaders paying their workers fair wages.
  • 63% of Americans believe CEOs "have a responsibility to take a stand" on societal issues.
  • That's according to a recent poll conducted by the nonprofit research firm JUST Capital.
  • The survey found Americans support CEOs speaking out on climate change and income inequality. 

Since the summer of 2020, there's been debate in the business and political community over whether "woke" CEOs are going too far. But a new survey of 3,000 Americans shows most people support CEOs embracing their new role as arbiters of social good. 

Though 63% of Americans believe CEOs "have a responsibility to take a stand" on societal issues, according to the poll conducted by the nonprofit research firm JUST Capital, many say there's more work to be done, especially when it comes to paying workers a living wage. 

Leaders—from billionaire investor Ray Dalio to JP Morgan Chase CEO Jamie Dimon and billionaire philanthropist Melinda Gates—are condemning the rise of inequality and supporting racial justice. Large companies like Best Buy, Accenture, and Google are signing on to pledges to advance the hiring and retention of women, people of color, and people with disabilities, and are committing to reducing greenhouse gases. 

"CEOs have increasingly taken a public stance around advancing racial equity and climate change, especially over the last two years," Jennifer Tonti, JUST Capital's managing director of survey research and insights, told Insider. 

While the survey found 61% of Americans think companies are making progress advancing diversity, equity, and inclusion, it also found people think there is still work to be done, especially when it comes to income inequality. Only 36% said companies have a positive financial impact on their lowest-paid workers. 

CEOs paying fair wages has consistently been a top issue for Americans since JUST Capital began polling the public regarding business behaviors in 2015, Tonti said. 

Some leaders are making important strides on this front. In 2017 PayPal's chief executive, Dan Schulman, along with other company executives, began hearing that some of the company's hourly and entry-level employees were facing financial hardship. Schulman conducted a financial-wellness survey of his employees in 2018 that found many were barely making enough to save, despite being paid what the company says were at or above market-rate wages. Since then, he raised wages and is encouraging other CEOs to investigate their workers' pay too. Prudential, Verizon, Chobani and others are embarking on the initiative, led in part by JUST Capital.   

"We understand that we have to start at home, with our employees," Lata Reddy, Prudential's senior vice president of inclusive solutions, previously told Insider. "Only then, by addressing their needs and making sure that they're able to be engaged and productive in the workplace, can we then meet the needs of our customers and, ultimately, our shareholders."

There's a clear business case at play driving CEOs to embrace their new role in society. For one, well paid employees are happier employees, and happier employees are more loyal and productive, according to economists. 

Secondly, employees want their leaders to share the same values as them, especially around anti-racism, addressing income inequality, and climate change, the JUST Capital survey found. So when it comes to hiring and retention, it makes sense to speak up on issues. A 2019 survey by the Brunswick Group, a corporate-leadership firm, found that over 50% of workers said they identified a leader's stance on social issues as an important consideration when weighing a job change or joining a new employer.

According to JUST Capital's Tonti, people are feeling more emboldened today in pressuring companies to advance issues they care about like fair pay and anti-racism. 

"If corporate leadership doesn't step up to the plate, the public will," she said.

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L.L.Bean's Cyber Monday sale features 15% off its incredibly comfortable Wicked Good slippers

Businessinsider - Mon, 11/29/2021 - 14:58

Prices are accurate at the time of publication.

When you buy through our links, Insider may earn an affiliate commission. Learn more.

L.L.Bean has what you need for staying warm this winter, from fuzzy slippers to puffy coats. Whether you're looking to snuggle up inside with a hot cuppa or brave the chilly outdoors, you'll want to shop the store's sale.

For Cyber Monday 2021, L.L.Bean's primary sale is 15% off all of its best-selling Wicked Good Slippers. While we usually love to see more deals on a wider breadth of products, we absolutely love this slipper line — which includes moccasins, ankle booties, chukkas, and slides — and have found them to be some of the coziest slippers we've ever tried.

And we've tried a lot of slippers: At Insider, our writers and editors spend weeks, often months, testing the best products available across every category. So if you're looking for items other than some of the coziest slippers you'll ever slide your feet into, like, say, the best TV to spend your money on or super unique Christmas gifts that won't break the bank, you can trust that all the products we recommend are items we genuinely feel are worth purchasing.

Keep in mind that the deal will be reflected at checkout; you have to add the products to your cart to see the savings.

Best L.L.Bean Cyber Monday 2021 dealsL.L.Bean Wicked Good Slippers - Men'sThis shearling-lined, leather-bottom slipper is one of the best men's slippers we've ever tried.$75.65 FROM L.L.BEANOriginally $89.00 | Save 15%

L.L.Bean Wicked Good Slippers - Women'sThis shearling-lined, leather-bottom slipper is one of the best women's slippers we've ever tried.$75.65 FROM L.L.BEANOriginally $89.00 | Save 15%

L.L.Bean Wicked Good Moccasins Women'sThis below-the-ankle moccasin style slipper is durable, cozy, and toasty. $67.15 FROM L.L.BEANOriginally $79.00 | Save 15%

L.L.Bean Men's Wicked Good Slippers, VenetianThese slippers incorporate everything we love about L.L.Bean's signature, shearling-lined series, but with a durable rubber outsole for traction so you can wear them outside the house.$67.15 FROM L.L.BEANOriginally $79.00 | Save 15%

L.L.Bean Wicked Good Shearling-Lined Slides - Women'sThese ridiculously-cozy, shearling-lined slides are easy to slip on and off, and keep your feet toasty around the house.$67.15 FROM L.L.BEANOriginally $79.00 | Save 15%

L.L.Bean Toddlers' Wicked Good SlippersEverything we love about L.L.Bean's Wicked Good Slippers — but mini. These shearling-lined, leather-soled booties will keep kid's feet, sizes 3-10, toasty around the house and in a stroller.$33.96 FROM L.L.BEANOriginally $39.95 | Save 15%

L.L.Bean Cyber Monday FAQsWhen is Cyber Monday 2021?

Cyber Monday 2021 is on November 29. Most deals become available right at midnight and are offered throughout the day on Monday, for as long as there is available inventory. Unlike Black Friday, almost all Cyber Monday deals are available online only.

How do we choose the best deals from L.L.Bean?
  • Each featured product we choose meets our high coverage standards and comes from brands we've personally tested and trust.
  • We compare prices across top retailers like Amazon, Walmart, and Target to make sure the deals we feature are the absolute best (which includes promotional discounts for certain brand members or those using specific credit cards).
  • We also consider each products' price history to better evaluate its true savings.

Read more about how Insider Reviews reviews and vets products here.

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Amazon has great Cyber Monday deals on its devices, including 53% off an Echo Dot bundle and 30% off the Kindle Oasis

Businessinsider - Mon, 11/29/2021 - 14:49

Prices are accurate at the time of publication.

When you buy through our links, Insider may earn an affiliate commission. Learn more.

If Alexa runs your home, now is a good time to stock up on compatible products. Today, November 29, is Cyber Monday, and dozens of Amazon devices are on sale. Whether you want an extra Echo for upstairs or you need a Fire TV Stick, you'll find discounts of up to 70%.

In addition to streaming devices and smart speakers, Amazon has its own line of smart doorbells, tablets, TVs, and more. We've seen deals on Kindle e-readers, the newest Echo Dot, and more.

Insider Reviews tests products across all categories to find items worth recommending during big sales like Black Friday and Cyber Monday. If you're looking for something other than an Amazon device, you can find our guide to the best overall Cyber Monday deals here.

The best Cyber Monday 2021 deals on Amazon devicesAmazon Echo Dot (4th Gen) with Sengled Bluetooth Color BulbThis bundle includes a Sengled Bluetooth Color Bulb and the 4th Gen Echo Dot for the same price that the Dot costs on its own, so make sure to cash in on the freebie — it's a nice bundle to get for smartening your home and lighting.$29.99 FROM AMAZONOriginally $64.98 | Save 54%

Amazon Kindle Oasis (32GB)Amazon revolutionized the e-reader with the Kindle Oasis' daring design, great page-turn buttons, sharp screen, and giant ebook library. After extensive testing, it's our pick for the best overall e-reader. $194.99 FROM AMAZONOriginally $279.99 | Save 30%

Amazon Fire TV Stick 4K MaxThe Fire TV Stick 4K is designed to be 40% more powerful than Fire TV Stick 4K. It also adds Wi-Fi 6 support.$34.99 FROM AMAZONOriginally $54.99 | Save 36%$34.99 FROM BEST BUYOriginally $54.99 | Save 36%$34.99 FROM TARGETOriginally $54.99 | Save 36%

Amazon Fire TV 50" Omni SeriesAmazon launched its own smart TVs in fall 2021 and the Omni Series boasts features like hands-free Alexa support and video calling along with the latest Fire TV software.$359.99 FROM AMAZONOriginally $509.99 | Save 29%

Ring Video Doorbell Wired (2021)Ring's Video Doorbell Wired is the cheapest and simplest option you can buy, but it still comes with pretty much everything you'd want in a smart video doorbell. It uses the existing wiring from your old doorbell for power (if your home is already wired for one). $41.99 FROM AMAZONOriginally $59.99 | Save 30%

Cyber Monday FAQsWhat time does Cyber Monday end?

Amazon typically ends its deal days at midnight Pacific Time or 3:00 a.m. ET. Some retailers are continuing their deals for an extra couple of days, so you might still be able to score a deal if you missed the big shopping days.

Do I have to buy Amazon devices from Amazon?

We've seen deals on Amazon products at Best Buy, Target, Home Depot, and more. These retailers often price match, so you'll typically see similar discounts at several stores.

How do you choose the best Amazon devices?

Our tech journalists use testing and research to find the best devices. In addition to putting Kindles, Fire TV sticks, and others through a series of tests, we also compare them to similar products from Google, Roku, and more.

We also monitor prices throughout the year at Amazon, Walmart, Target, and Best Buy to find the best deals and offer suggestions on the best times to purchase certain products.

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