Patagonia Learns: It Pays to Be Part of the Resistance
Cam Wolf, fashion reporter for GQ.com, discusses the strong stance fashion brand Patagonia took against President Trump after the administration announced that it would roll back the size of two Utah national monuments.
We speak about other companies that have tried to make similar statements, but Wolf notes the power of Patagonia, because the company has built a brand that has lived up to fighting for the environment. One percent of company proceeds also go to environmental causes, and a lawsuit against the President is a bold move for any company.
We talk about the Patagonia brand and whether its design choices can keep up in today's athleisure culture. We dig deep into how consumers are looking for brands that reach them personally, and how Patagonia's staying true to itself has paid off.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
