Business and Finance
Travis Scott shares merchandise with a photo of himself in Miami hours after his arrest
Within hours of being arrested in Miami for disorderly conduct while intoxicated, Travis Scott released merchandise emblazoned with his photo.
Black T-Shirt, currently available for $35 his product site, includes a corrected version of Scott’s photo and the quote “It’s Miami,” which a police affidavit says he told authorities during his early Thursday morning arrest. The t-shirt is titled “Free The Rage” and the proceeds might be donated to Scott Cactus Jack Foundationa non-profit organization he founded in 2020 that goals to create opportunities for youngsters through educational and artistic resources.
However, based on tons of other versions including crewneck sweatshirts which have received rave reviews scattered all around the Internet, quite a few people can have tried to beat the rapper.
According to police, the “Sicko Mode” rapper’s photo was taken after he was arrested in Miami-Dade County, Florida, on June 20 at 4:35 a.m. local time on charges of disorderly conduct under the influence of alcohol and trespassing after a warning. reports obtained by many shops, including: People Magazine.
According to police, the 33-year-old father of two got into a verbal argument during a party on a yacht. After Scott was faraway from the vessel, he left the world, returning a short time later, shouting obscenities on the ship’s passengers and behaving “erratically.” He was ultimately arrested with bail already set at $650. He admitted to police that he had been drinking, giving “It’s Miami” as a proof. No charges were filed against the complainant, but Scott was asked to go away the premises.
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Although that is the rapper’s third official photo, it’s the primary time he has decided to directly profit from the clash with the authorities. Meanwhile, this just isn’t the primary time others have benefited from it. A fast web search will turn up several clothing options based on Scott’s previous photos. Given this, it’s no wonder he now desired to cash in on his own memorabilia.
Scott’s move also signals a trend as more stars money in on their unique memorabilia. As theGrio previously reported, Snoop Dogg entered into a collaboration earlier this 12 months The truest to unload a big selection of items from his personal collection of memorabilia that he has amassed throughout his profession. Many items, including Snoop’s real smoked blunt (preserved in resin and placed in an ashtray), which is anticipated to sell for over $4,000, are still up for grabs.
The Realest intends to assist celebrities create a marketplace for memorabilia sold directly by them, so that they could make as much money as 1000’s – or hundreds of thousands – of sellers and auction houses typically make.
Discussing The Realest and its collection with DiversitySnoop said, “This shit we got, but we didn’t know it was worth anything.”
Business and Finance
Here’s why you may be paying Trump’s tariffs
US retailers’ alliance with foreign suppliers could potentially result in higher prices for a variety of products due to Donald Trump’s victory within the White House and his proposed import tariffs, reports
In a report released November 4 by the National Retail Federation (NRF), American consumers I can expect lose $46 billion to $78 billion in purchasing power over the following few years on products similar to clothing, toys, furniture, home appliances, footwear and travel items as a consequence of tariffs. NRF Vice President for Supply Chain and Customs Policy Jonathan Gold issued an announcement explaining what the tariff is and the way it affects firms. “A tariff is a tax paid by the U.S. importer, not the foreign country or exporter. This tax will ultimately come out of consumers’ pockets in the shape of upper prices,” Gold said.
“Retailers rely heavily on imported products and manufacturing components so they can offer their customers a variety of products at affordable prices.”
Examples include a $50 pair of sneakers that can go from $59 to $64, or a $2,000 mattress and box spring set for $2,190.
The introduction of tariffs isn’t Trump’s first proposal. During his first term, his administration set a goal of imposing tariffs of as much as 25% on greater than $360 billion in Chinese products. The Biden-Harris administration kept most of those tariffs and added additional ones on Chinese electric cars and microchips.
Under Trump and Vance, the team plans to impose a 60% tax on Chinese-made goods and a 10-20% tax on $3 trillion value of foreign goods imported by the U.S. annually. During the campaign, Trump promised to scale back inflation, but US Treasury Secretary Janet Yellen warned that because the tariffs would be mostly paid, they might only increase them. “A consistent theoretical and empirical finding in economics is that domestic consumers and domestic firms bear the brunt of tariffs, not the foreign country,” the Yale University Budget Laboratory said in a mid-October 2024 evaluation.
Trump, nonetheless, argues that the tariffs will profit the U.S. economy in some ways, similar to encouraging countries to barter more successful trade deals and limiting other countries from “dumping” their products within the U.S. at below-market prices, he says. Another reason is to motivate nations to scale back customs duties on shipments to their countries from the USA
The four-time impeached president-elect has accused other countries of imposing much higher tariffs on imports than the United States, and has also criticized trade agreements – similar to NAFTA – which have led to more foreign imports into the country than US exports to other countries. In 2020, the Trump administration replaced NAFTA with the United States-Mexico-Canada Agreement.
For now, it’s unclear when or if the brand new administration will begin tightening tariffs, as the method requires laws to extend fees, which could take as much as a yr.
Business and Finance
The US dollar fell as voters headed to the polls
The US dollar dropped in value on November 5 as crowds of American voters went to the polls to forged their ballots.
The dollar even fell in betting markets like PredictIt and Polymarket indicated The probabilities of Trump winning the presidential election are increasing, Reuters reports. With Donald Trump returning to the White House with a Republican-led House and Senate, extreme currency movements ought to be expected.
Trump’s immigration and tariff policies are expected to fuel inflation, while tax cuts for the wealthy and deregulation could spur growth by pushing up longer-dated Treasury yields and pushing up the value of the dollar.
By contrast, a Democratic victory was expected to weaken the dollar as bets on Trump were withdrawn, and investors were concerned about the economic impact of upper taxes on the wealthy and stricter business regulations.
“We may be seeing some leveling off… my impression is that people are being cautious,” said Steve Englander, head of worldwide G10 FX research and macroeconomic strategy for North America at Standard Chartered Bank’s New York branch.
“Right now, the mood seems to be in favor of Trump,” Englander said. “On the other hand, for most of October and early November, Trump’s trading was characterized by a stronger dollar and higher yields.”
Globally, a Trump victory may lead to a weakening of the euro, Mexican peso and Chinese yuan, as these regions could face recent tariffs under his administration. Bitcoin rose 2.76% to $68,928, with Trump’s views seen as more favorable towards cryptocurrencies. Traders are closely watching the Federal Reserve’s two-day meeting that ends on Thursday, expecting the U.S. central bank to cut rates of interest by 25 basis points.
Elsewhere on Tuesday, the U.S. services sector rose to its highest level in greater than two years in October, with employment rebounding strongly. This suggests that the near halt in job growth last month was an aberration.
Business and Finance
First Black-owned gift wrapping brand sold at Lowe’s, Hallmark
Ardean Miller, pioneering entrepreneur Mah Melaninis breaking barriers because the founding father of the primary Black-owned gift wrapping brand, partnering with Hallmark and Lowe’s across the country. With a concentrate on cultural representation, she founded Mah Melanin to fill a niche available in the market for products that commemorate the wonder and variety of black culture.
“When I started Mah Melanin, I wanted to create something more than just beautiful gift packaging. I wanted to start a movement — a place where our stories are told, our beauty is celebrated, and our community is uplifted,” she says. “Partnering with these iconic retailers is a testament to the growing demand for products that reflect our experiences and heritage.”
Breaking down barriers and empowering communities
The partnership with Hallmark and Lowe’s represents a big step toward greater diversity and inclusion within the retail space, reflecting a broader cultural shift. This groundbreaking achievement highlights the growing recognition of the importance of culturally authentic products that encourage and empower.
Under her leadership, Mah Melanin has developed from a small start-up right into a nationally recognized brand. The company has gained endorsements from industry icons comparable to Teddy Riley, Master P and Denise Boutte, and has been noticed by major organizations including an NBA feature and a finalist on QVC’s “The Big Find.” These awards confirm the brand’s commitment to quality, creativity and resilience.
Inspiring the subsequent generation of Black entrepreneurs
He is devoted to not only the success of his brand, but in addition supporting the expansion of other Black entrepreneurs by offering mentorship, sharing resources and creating opportunities for collaboration. Through his efforts, he wants to construct a legacy that can encourage future generations to interrupt barriers and achieve greatness,” he adds.
Mah Melanin’s journey reflects a commitment to celebrating Black culture and amplifying Black and Brown voices through its products, making a profound impact available in the market and beyond.
Discover their products at MahMelanin.com and remember to follow the brand Facebook AND Instagram
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