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Utah, in break with states tightening coronavirus restrictions ahead of Thanksgiving, relaxes gathering limits

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Utah Gov. Gary Herbert lifted some of his state's most severe coronavirus-related restrictions ahead of Thanksgiving, including an order that limited social gatherings to only those within a certain household, in a break from what other governors have been doing ahead of the holiday. 

Herbert's new order, after limiting social gatherings to just a single household for the past two weeks and not specifically exempting private residences, included a specific provision saying the health order does not apply to noncommercial gatherings at private residences. It's a sharp break from what other governors have been doing as virus cases spike in the late fall, with several states in the past week implementing more harsh provisions, not lifting them. 

But the Republican governor still urged caution for Thanksgiving as he announced an updated health order, telling Utahns that the safest way to celebrate the holiday is simply with those in their household. 

"This Thanksgiving will be unlike any other," Herbert said in a tweet. "This year, the best way to show your family and friends you love them is by staying home and having a private celebration with those you live with — instead of gathering in larger groups."

He added: "We cannot beat COVID if we celebrate the holidays as we normally do."

Herbert's new health order still includes plenty of restrictions. Individuals when indoors and outdoors in places where it is impossible to socially distance are required to wear masks. Public events are still required to have individuals wear masks and socially distance, and to implement other measures aimed at preventing coronavirus spread. Businesses must have their employees wear masks whether indoors or not. 

The order also mandates coronavirus testing at colleges. 

But Herbert's decision to roll back his state's toughest restrictions just ahead of the holiday comes as governors of other states are doing just the opposite. 

Minnesota recently put a blanket ban on social gatherings by anybody not of the same household. Kentucky implemented a similar order but limited gatherings to no more than eight people from two households. 

Oregon issued a "Two-Week Freeze" that limits gatherings to six people from no more than two households. Michigan does not include a number limit but caps gatherings at two households. 

LUXURY REAL ESTATE DEMAND SURGES IN ASPEN, PARK CITY

And Nevada Gov. Steve Sisolak on Sunday announced a three-week "pause" that capped social gatherings at no more than 10 people from two households. Sisolak warned citizens that if case numbers do not decrease that he "will be forced to intervene and to take stronger action" that could include a ban on indoor dining, closing gyms and "[s]evere restrictions on gathering sizes."

The crackdowns by many states come as coronavirus numbers hit record highs and officials and experts warn of a potentially deadly winter with people spending more time indoors and the flu season intersecting with the pandemic. 

"Our case rate growth is at wildfire levels – even outpacing neighboring states, such as Arizona. All available models indicate that Nevada is in a 'red zone' and our health experts anticipate continued case growth based on current trends," Sisolak said. "Our hospitals are experiencing record numbers and as you heard from Dr. Tony Slonim of Renown a couple weeks ago, they’ve started treating patients in an alternative care site in the parking lot."

MORE GOVERNORS ISSUE CORONAVIRUS RESTRICTIONS AHEAD OF THANKSGIVING AMID CALLS TO DOWNSIZE GATHERINGS

He added: "Our public infrastructure is quickly becoming overwhelmed."

Minnesota Gov. Tim Walz also warned that even small gatherings in houses "is one of the riskiest things we can do right now."

Minnesota Gov. Tim Walz speaks from the Governor’s Reception room at the State Capitol, to discuss the latest steps in his response to COVID-19, Wednesday, Nov. 18, 2020, in St. Paul, Minn. (Glen Stubbe/Star Tribune via AP, Pool)

"I heard a nurse the other day who was with me and she said 'please stay home over Thanksgiving so you're not celebrating with me in the emergency room," he added. 

Meanwhile, some Republican officials are pushing back against the restrictions and recommendations for people to forego Thanksgiving. Sen. Ted Cruz, R-Texas, has been perhaps the most prominent, tweeting a version of the "Come and Take It" flag that replaces the iconic cannon with a turkey. 

"Twitter Leftists are losing their minds that we’re not willing to give up Thanksgiving," Cruz said of the reaction to the image. "Wait till they find out we won’t give up Christmas either."

Rep. Lee Zeldin, R-N.Y., meanwhile, lauded a county sheriff's office for announcing that it would not enforce gathering limits imposed by New York Gov. Andrew Cuomo ahead of the holiday. 

"This is 100% the right call! Just another one of the many reasons to be thankful for our local men & women in blue this #Thanksgiving," Zeldin tweeted. 

Experts including Dr. Anthony Fauci, the top epidemiologist in the country, are warning that virus spread over Thanksgiving could lead to elevated numbers of hospitalizations and deaths by Christmas and the new year. 

"What most concerns me now is the immediate situation with people traveling from different places, coming home for Thanksgiving," Fauci said Monday on "PBS NewsHour." "So if we could just hang in there and adhere to these public health measures as we get more and more relief from the vaccines, which will start to be available in December, I think we should use that as an incentive to not give up on this and to continue to push the public health measures."

The Associated Press contributed to this report.

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Sonos Beam reduced by £100 in Black Friday sale – and it's perfect for turning your living room into a home theatre

AUDIO afficandos Sonos, has slashed £100 of the Sonos Beam as part of their Black Friday deals.

It's an amazing deal, and is perfect if you're looking to upgrade your living room; let's face it we've all spending more time at home recently.

Easily turning any room into a home cinema, the incredible deal is not to be sniffed at.

  • Save £100 on the Sonos Beam – buy here

Available from Sonos.com, and John Lewis; the deal is available from November 26 – 30, and is part of their huge Black Friday deals.

There's a colossal £100 off the Sonos Beam, making it just £299.

Packed with intelligent features such as built in Google Assistant and Amazon Alexa, the Beam offers incredible sound for a smart, compact soundbar.

With incredible sound quality, it's an upgrade for any television, as "Beam was specifically tuned by Oscar-winning sound engineers to emphasise the sound of the human voice so you can always follow the story"; pretty impressive right?

If you're looking for something slightly different then you're in luck, as there a number of Sonos Black Friday deals available now, including £100 off the Sonos Move (Sonos' portable speaker), and £40 off their iconic Sonos One, now just £159, to take your sound to the next level.

You can see all the Sonos Black Friday deals at sonos.com, and John Lewis here.

More Great Black Friday Deals

Take a look at some of the other Black Friday deals we’ve found around the web

  • 101 Black Friday deals
  • TV
  • Broadband
  • Gaming
  • Tech
  • Sky
  • BT 

Amazon is offering its Echo Dot with six months free Amazon Music Unlimited.

Beats Solo 3 Wireless headphones are currently at their cheapest EVER price.

For more Black Friday offers, keep an eye on our Black Friday Tech deals page.

If you click on a link in this story we will earn affiliate revenue.

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Nvidia, AMD and Intel are leading an unprecedented $100 billion wave of acquisitions as the cloud and AI change the chip market: 'The biggest year for consolidation ever;

  • Big mergers, once rare in the semiconductor industry, are accelerating in the semiconductor market where major chip makers, led by Nvidia, AMD and Intel, have gone on a buying spree over the past five years.
  • The M&A wave seemed to reach a peak this year when semiconductor giants have announced major acquisition deals worth more than $100 billion.
  • Nvidia has been the most aggressive acquirer, gobbling up Mellanox for $7 billion, and announcing a bid for Arm for $40 billion. AMD, which is not known for an aggressive M&A strategy, also surprised the industry with a $35 billion bid for Xilinx. 
  • While Intel's recent acquisitions have been low-key compared to the Nvidia and AMD deals, analysts say the chip giant actually kicked off the M&A wave with big acquisitions over the last five years.
  • "You start seeing a lot more companies trying to get bigger and the only way they do that is through consolidation because that's the only way they can continue growing their top line revenue," said IDC analyst Mario Morales.

  • Visit Business Insider's homepage for more stories.

Big merger deals, once rare in the semiconductor industry, have been accelerating as chip giants jockey for position in a rapidly shifting market. 

And the buying spree has picked up steam in the last few months with back-to-back deals worth $100 billion in total.

Over the past few years, major chip makers, led by Nvidia, AMD and Intel, have been on a buying spree, gobbling up or making bold, even surprising, bids for companies, including startups and longtime industry players.  

"The semiconductor industry has been on fire this year," Charles Wuischpard, CEO of chip startup Ayar Labs, which just raised $35 million in venture capital funding, told Business Insider. "Lots of transactions." 

Bernstein Research analyst Stacy Rasgon said the M&A wave started around 2014-2015. But "this would be the biggest year for consolidation," he told Business Insider.

The big chip M&A deals over the past seven months include:

  • In April, Nvidia acquired networking chip and equipment maker Mellanox for $7 billion.
  • In July, Analog Devices, the maker of analog chips, announced it was buying rival Maxim for $21 billion.
  • In September, Nvidia said it had signed a $40 billion deal to buy chip design powerhouse Arm from Softbank
  • In October, AMD unveiled a $35 billion deal to acquire programmable chipmaker Xilinx.
  • Later that same month, Marvell announced a deal to buy networking chip company Inphi for $10.6 billion.

The M&A wave, together with a rise of semiconductor startups, highlights the growing need for new and more powerful processors for new technologies, led by the cloud and AI.

The rash of acquisitions also underline the chip industry's rapid growth over the past decade, from a market worth less than $300 billion to one now worth more than $400 billion, said IDC analyst Mario Morales.

"You're getting to a point where it's a very large industry, and the growth is beginning to mature," he told Business Insider. "You start seeing a lot more companies trying to get bigger and the only way they do that is through consolidation because that's the only way they can continue growing their top line revenue."

Gerard Williams, CEO and cofounder of chip design startup Nuvia, and an Apple veteran who helped design the iPhone processor, said those big M&A moves also highlight the shift in the chip market that threatens Intel, the world's biggest chip company.

AMD's "acquisition of Xilinx represents a huge bet on the future of their data center business and underscores the M&A frenzy taking hold in the chip sector right now," he told Business Insider. "Nvidia's bid to buy ARM is an even bolder move to re-shape the silicon landscape and further displace Intel's core business."

Nvidia is the most aggressive acquirer

The most aggressive acquirer, by far, has been Nvidia. The graphics chip maker which has emerged as a major player in the market for data center chips and AI technologies that require more powerful processors for handling massive amounts of data. 

Morales said Nvidia's bid for Mellanox, which is expected to boost its position in the data center market, was actually a "pivotal" event in this year's M&A wave. 

The deal surprised some industry experts after it easily got regulatory approval, especially in China. "People were very concerned that China was not going to approve that deal, or that it would take longer," Morales said.

In fact, Nvidia's success in gobbling up Mellanox "really started opening the floodgates" to bigger acquisitions, Morales said. "Once they got that done, you could see that a lot of the other vendors that were already looking at acquisitions began to move forward more aggressively — including Nvidia."

Two months after buying Mellanox, Nvidia stunned the tech world by announcing a $40 billion deal to buy chip design powerhouse Arm from Softbank. Arm's chip designs are widely used in the smaartphone and tablet market and are expected to be adopted in other growing markets, including data centers. 

Morales called the move an "opportunistic" buy since Softbank was facing a major cash crunch that forced the Japanese conglomerate to sell a huge chunk of its assets.

The Nvidia-Arm deal still has to clear regulatory hurdles, especially in China. But Nvidia CEO Jensen Huang on Wednesday affirmed that the acquisition would transform Nvidia into an even more dominant player in a growing chip market.

"With our pending acquisition of Arm…we will create the computing company for the age of AI, with computing extending from the cloud to trillions of devices," he told analysts on the company's earnings call.

Even AMD, which is not known for making aggressive acquisitions — its last big buy was in 2006 when it bought chip maker ATI for $5.4 billion — joined the fray. Last month, the chip giant also surprised the industry with a $35 billion bid for Xilinx, the programmable chipmaker.

Michelle Johnston, Intel's executive vice president for marketing and communications, said Nvidia's Arm deal and AMD's bid for Xilinx reflect "the reality that as data grows exponentially, so does the demand for computing performance to process it."

The deal is fueled by rising valuations for chip companies

Morales said rising chip valuations have definitely helped semiconductor companies in pursuing deals. Despite the pandemic, the Philadelphia Semiconductor Index, which tracks chip stocks, has climbed more than 35% year to date. 

AMD, which is gaining share in the server chip market against Intel, has seen its stock rise nearly 80% this year, while Nvidia shares have doubled. 

Earlier this year, Nvidia actually overtook Intel as the most valuable US semiconductor company based on market capitalization. Nvidia is now worth more than $332 billion, outpacing Intel which has a market cap of $186 billion and AMD, which is worth $102 billion.

Intel has struggled with production missteps and stiffer competition from AMD in the data center chip market. But the tech giant has also embarked on an aggressive M&A strategy to adapt to the evolving semiconductor market.

"We have been on a multi-year portfolio transformation making investments both organically and inorganically that position Intel to capitalize on a range of high-growth opportunities," Johnston, the Intel executive vice president, told Business Insider.

Compared to the AMD and Nvidia deals, Intel has made only several low key acquisitions this year, including a $900 million deal for mobility app Moovit.

But Intel actually has been leading the M&A wave over the last few years with a series of acquisitions, including its acquisition of Altera, the Xilinx rival, which it bought for $17 billion in 2015. Two years later, Intel spent $15 billion to acquire car-tech company Mobileye. Last year, Intel acquired AI chip company Habana for $2 billion.

"Intel was probably one of the ones that was very aggressive over the past five years," Morales said. "They bought over a dozen companies to make sure that they protect their moat, make sure that they can continue to grow on a top level basis, and also make sure that they can diversify, and not just be in PCs, but also in areas like IoT, and automotive and what we're seeing today in terms of the the core infrastructure area."

Got a tip about Nvidia, Intel, AMD or another tech company? Contact this reporter via email at [email protected], message him on Twitter @benpimentel or send him a secure message through Signal at (510) 731-8429. You can also contact Business Insider securely via SecureDrop.

Get the latest Intel stock price here.

Get the latest Nvidia stock price here >>

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Pence to campaign Friday in Georgia runoffs, but no word on a Trump trip

Democrat, GOP candidates trade accusations in Georgia Senate race

Fox News correspondent Jonathan Serrie joins ‘Special Report’ with a runoff recap from Atlanta.

Vice President Mike Pence will head to Georgia Friday to campaign with Sens. David Perdue and Kelly Loeffler, the Republican incumbents in the state’s twin Senate runoff elections, which will determine whether the GOP keeps its majority in the chamber.

Perdue and Loeffler will join the vice president on a bus tour with stops in the northern Georgia cities of Canton and Gainesville.

A Republican source close to the vice president's orbit told Fox News that plans also are in the works for Pence to return to Georgia ahead of the runoff.

While the vice president is the most high profile of several prominent Republicans hitting the Georgia runoffs trail, there’s no word on whether his boss will head south to help keep the GOP majority in the Senate.

Trump is currently refusing to concede to President-elect Joe Biden in this month’s presidential election.

Nearly two weeks after Fox News, other news networks and the Associated Press, projected that Biden secured the electoral votes needed to defeat Trump and become president-elect, Trump is hoping a spate of apparent longshot lawsuits he’s filed and a couple of recounts in key states will reverse Biden’s victory. One of those states is Georgia, where Biden narrowly topped Trump, becoming the first Democratic presidential nominee to win the state in more than a quarter century.

An automatic hand recount of the vote conducted by state officials slightly shaved Biden’s margin over the president, but he still leads Trump by more than 12,000 votes in the state.

President Donald Trump speaks during a campaign rally at Middle Georgia Regional Airport, Oct. 16, in Macon, Ga. (AP Photo/Evan Vucci)

Trump was last in Georgia two weeks before the Nov. 3 general election, when he spoke for two hours in front of a large crowd of supporters in Macon, Ga. Perdue and Loeffler need those Trump voters to return to polls Jan. 5 to keep their seats – and maintain the Senate majority.

“These runoffs are base turnout elections. And nobody’s been able to turn out his base and turnout the Republican base more than Donald Trump,” veteran Georgia-based Republican consultant Chip Lake told Fox News. “He’s got his hands tied right now, certainly in the legal fight over his re-election, but it wouldn’t surprise me at all to see Donald Trump here before Jan. 5.”

The current balance of power for the next Senate coming out of this month’s elections is 50 Republicans and 48 Democrats. That means, Democrats must win both of Georgia’s runoff elections to make it a 50-50 Senate. If that occurs, Vice President-elect Kamala Harris would be the tie-breaking vote, giving her party a razor-thin majority in the chamber.

In Georgia, where state law dictates a runoff if no candidate reaches 50% of the vote, Perdue narrowly missed avoiding a runoff. He currently stands at 49.75% in the count, with nearly all votes counted. Democratic challenger Jon Ossoff trails by roughly 87,000 votes.

In the other race, Loeffler captured nearly 26% of the vote in a whopping 20-candidate special election to fill the final two years of the term of former GOP Sen. Johnny Isakson. Democratic candidate Rev. Raphael Warnock won nearly 33% of the vote.

Republicans close to the Perdue and Loeffler campaigns said there’s been no outreach yet to the White House regarding a campaign visit by Trump in Georgia.

Democrats, meanwhile have their eyes on Biden – and former President Obama – who campaigned in Atlanta on Election Day eve on behalf of the former vice president, Ossoff, Warnock and down-ballot candidates.

Ron Klain, a longtime Biden aide and adviser who the president-elect has named as his incoming White House chief of staff, said Sunday that Biden would stump in Georgia ahead of the Jan. 5 runoffs.

“We’re going to work hard to help win those Senate seats,” Klain said on "Meet the Press." “I think you’ll see the president-elect campaign down there as we’re getting closer to election day. We're going to put people, money, resources down there to help our two good candidates win."

"I want to win those seats in Georgia," he said. "It will certainly be helpful to win those seats in Georgia, but we're not going to let anything deter us from moving forward with our agenda."

Fox News’ Megan Henney contributed to this report.

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Cuomo admin in Supreme Court brief argues NY virus rules more lenient to churches than secular events

New York sheriff rejects Gov. Cuomo’s Thanksgiving rules

Fulton County Sheriff Richard Giardino explains why he will not enforce the governors 10-person holiday limit on ‘Bill Hemmer Reports’

New York Democrat Gov. Andrew Cuomo's administration argued in a Supreme Court brief filed Wednesday that rather than treating religious venues more harshly than secular venues, as the Catholic Diocese of Brooklyn argues in an emergency application for an injunction with the Supreme Court, that New York's coronavirus restrictions are actually more lenient to houses of worship than they are to places of business. 

The court battle between the state and the church comes amid a significant spike in coronavirus cases nationwide that has caused officials to re-institute school closures, bans on indoor dining and even in some cases essentially bar people from inviting others to their houses. 

Cuomo's Oct. 6 order is not as strict as some across the country, but it identifies certain areas in the state where it will, based on positivity rates, limit certain activities and capacity in certain places. 

The Catholic Diocese of Brooklyn argued that the limits in the order are unfair and discriminate against houses of worship. 

"In red zones, 'houses of worship' are subject to a capacity limit of '25% of maximum occupancy or 10 people, whichever is fewer,'" the Diocese' emergency request to the court last week read. "By contrast, all 'essential' businesses—a broad category that includes everything from grocery stores to pet shops to accounting and payroll offices—may remain open in red zones without capacity limitations."

The brief, largely quoting from Cuomo's own order, also lays out a situation that is similar in "orange zones."

It adds: "The plain text of the order expressly singles out 'houses of worship,' subjecting them to uniquely burdensome restrictions that do not apply to many secular businesses, and the Governor has acknowledged that these new rules 'are most impactful on houses of worship.'"

But a brief from Cuomo's administration, which was filed with the Supreme Court on Wednesday, argues the contrary: That New York's rules for houses of worship are actually more permissive for religious venues than for secular venues that host similar activities.

The brief lays out a list of activities that are banned in red and orange zones, like movie theatres, spectator sports, concerts and more. This, the New York brief says, is because the nature of the activities put people at higher risk than things like going to the grocery store. 

Cuomo's administration, in fact, singles out the Jewish community in the Wednesday brief. 

"Many of the State’s early cases were attributable to religious gatherings that served as super-spreader events," it said. "In late February 2020, a 50-year-old-man started showing signs of illness but attended a bat mitzvah and funeral at his synagogue in a New York City suburb; his interactions with others at those events gave rise to the State’s first coronavirus 'cluster': a high concentration of COVID-19 cases occurring within the same geographic area."

There is a similar emergency petition before the Supreme Court from multiple Jewish organizations. Justice Stephen Breyer asked Cuomo's administration to respond to that petition by Friday. 

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NVIDIA Slides By in Q3 Despite Record Results

NVIDIA Corp. (NASDAQ: NVDA) reported its fiscal third-quarter financial results after the markets closed on Wednesday. The chipmaker said that it had $2.91 in earnings per share (EPS) and $4.73 billion in revenue, versus consensus estimates that called for $2.57 in EPS and $4.41 billion in revenue. The same period from last year had $1.78 in EPS and $3.01 billion in revenue.

NVIDIA’s management noted that the company is firing on all cylinders, achieving record revenues in Gaming, Data Center and overall.

During the quarter, total revenues increased 57% year over year, and 22% quarter over quarter. This consisted of record revenues from both the Gaming and Data Center business segments.

The company posted record Gaming revenues of $2.7 billion, an increase of 37% year over year. Data center revenues hit an all-time high too at $1.90 billion, an increase of 162%.

Separately, Professional Visualization revenues increased 16% to $236 million, and Automotive revenues increased 13% to $125 million.

Perhaps one of the biggest highlights from this quarter was that NVIDIA announced it would be acquiring Arm Limited from SoftBank in a transaction valued at $40 billion. The transaction will combine NVIDIA’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of AI. The deal is expected to close in the first quarter of the 2022 calendar year.

On the books, cash, cash equivalents and marketable securities totaled $10.14 billion at the end of the quarter, versus $10.90 billion at the end of the previous fiscal year. NVIDIA paid $99 million in quarterly cash dividends in the third quarter. It will pay its next quarterly cash dividend of $0.16 per share on December 29, to all shareholders of record on December 4.

Looking ahead to the fiscal fourth quarter, the company expects to see revenues of $4.80 billion, plus or minus 2%. Consensus estimates are calling for $2.54 in EPS and $4.42 billion in revenue for the coming quarter.

NVIDIA stock closed Wednesday at $537.15, in a 52-week range of $180.68 to $589.07. The consensus price target is $574.31. Following the announcement, the stock was relatively flat at $237.00 in the after-hours session.

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Bombas makes the best socks we've ever worn, and the whole site is 20% off right now

When you buy through our links, we may earn money from our affiliate partners. Learn more.

  • Cult-favorite startup Bombas was founded to address the fact that socks are the #1 most requested donation item in homeless shelters.
  • The company's socks are the end result of two years of research and development and solve common annoyances.
  • Every time you buy a pair, the company donates a pair of Bombas socks to someone in need. To date, Bombas has given away over 42.8 million pairs of socks.
  • The Insider Reviews team has tested the brand's casual socks, athletic socks, and dress socks over the years — and we think they're the best socks you can buy.
  • Now through December 2, save 20% on everything at Bombas. The promo code "CHEER20" will be auto-applied at checkout.

Before Bombas' socks became a cult-favorite of the direct-to-consumer (D2C) boom and a gift as safe and universally pleasing as candles, it was a company created primarily around a social mission.

When founders David Heath and Randy Goldberg realized homeless shelters were struggling to meet the demand for clean, longlasting socks, they started researching the market — and realized there was an opportunity to create an option in-between cheap multi-packs and niche, high-end technical pairs. 

So the two founded Bombas in 2013, and they set out to create one perfect, no-fuss iteration of the everyday sock. Heath and Goldberg approached the basic building block of a wardrobe as shoppers first, asking what they hated about their own typical pairs and marshaling atypical resources to engineer the shortcuts and solutions. Two years of detailed research and development — and one fateful episode of Shark Tank later — and Bombas sent a genuinely exciting update to the lowly sock out into the mainstream.

Bombas socks are "other" in the best way possible. Ankle socks have blister tabs, calf socks have thoughtfully placed tension, or "stay-up technology," and no-shows use a combination of heel grips and contoured seaming to stay put. The Y-stitched heel cups the back of your foot without creating bulk, and the toe seam is linked by hand — which gets rid of the annoying bump at the end of your toes in cheap pairs. The footbed is reinforced for a little extra cushion and longevity, and, in an effort to add arch support, the socks mirror the strong natural structure of a honeycomb across the mid-foot. 

The company also prioritizes quality materials, which is especially obvious in its collection of moisture-wicking and temperature-regulating merino wool. 

And for every pair of socks you purchase, Bombas donates another pair to someone in need. To date, the company is responsible for gifting over 42.8 million pairs of socks, all of which are specially designed to meet the needs of the homeless.

"We put as much thought and care into the production of the donation sock as [the originals]." Goldberg told Business Insider. "In working with giving partners to engineer a sock that would specifically meet the needs of the homeless, we designed the sock to be darker to avoid less visible wear and tear, added an anti-microbial treatment to prevent the growth of odor and fungus since these socks are not washed as frequently, and added reinforced seams for great durability, ensuring a longer lifespan." 

Bombas is also a certified B-Corp, meaning it has volunteered to be graded by the nonprofit B Lab each year to ensure they're meeting the highest standards of social and environmental performance, public transparency, and legal accountability. You can find other B-Corps we love to shop at here.  

Though a pair of Bombas socks will set you back further than a standard multi-pack at Target will (ankle socks start at $12), they'll last you longer, feel better on your feet, and benefit another person in need with a similarly upgraded essential. Business Insider's Reviews team has tested the brand's casual socks, athletic socks, and dress socks over the years, and we've been impressed by the comfort, longevity, and functionality every time. We think they're worth the investment if you can spare the extra money. They also make especially great gifts. 

Plus, the company occasionally offers 20% off your first order. Right now, you can save 20% as a first-time customer when you join its mailing list. You can also save up to 5% by buying a pack.

And, if you don't love your pair of Bombas, the company still has the sort of bulletproof customer guarantee that has grown increasingly rare. Bombas upholds a "no matter what, no questions asked, no holds barred, no ifs, no ands, no buts" happiness guarantee. "If you have a problem, we will solve it. Refund it. Send you new socks. Whatever it takes."

You can shop Bombas socks by material, height (No Show, Ankle, Quarter, Calf, Knee-High), or activity (Casual, Athletic, Dress). There's also the option to narrow athletic socks down by sport: running, cycling, ski, hiking, tennis, golf, grippers, and basketball.

Bombas has expanded in recent years into basics like sweatpants ($78) and t-shirts (from $36), but socks remain at the company's core. 

The bottom line

You can find a full range of Bombas socks from knee highs to dress socks in classic colors and adventurous colorways for men, women, and kids — each with the thoughtful attention to detail and comfort that have solidified their success as a D2C leader. 

If you're looking for an instant upgrade to everyday life and can afford to spend a little more on a few pairs of socks, we highly recommend investing in Bombas.

Plus, it doesn't hurt that the company serves as a successful example of business with positive impact; you get the best socks you've ever worn for a price that won't break the bank, and your purchase helps improve the lives of someone else at the most basic and necessary level.

Shop Bombas socks here.

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Disclosure: This post is brought to you by the Insider Reviews team. We highlight products and services you might find interesting. If you buy them, we get a small share of the revenue from the sale from our commerce partners. We frequently receive products free of charge from manufacturers to test. This does not drive our decision as to whether or not a product is featured or recommended. We operate independently from our advertising sales team. We welcome your feedback. Email us at [email protected]

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With jump in holiday online shopping, cybercriminals get active

Hackers are taking advantage amid pandemic: Cybersecurity expert

Cyber security and privacy expert Leeza Garber weighs in on cyber threats impacting schools and major hospital systems.

With consumer online spending surging this holiday season, criminals are after a piece of the pie.

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U.S. consumers will spend a total of $189 billion online from Nov. 1st through Dec. 31st, a jump of 33% from 2019, according to a projection from Adobe Analytics, leaving more opportunity for cybercriminals.

Black Friday, in particular, is a prime time for seasonal scammers. When cybersecurity firm Tessian surveyed I.T. decision-makers in the U.K. and U.S., the majority told them that they receive more phishing attacks in the last three months of the year – in the lead-up to the holidays – compared to the rest of the year.

SCAMMERS POSING AS IRS USE CREDIBLE EMAILS TO THREATEN VICTIMS

Already this year, e-skimmer criminals are active, according to research from RiskIQ, which recently posted research on a wave of attacks on e-commerce sites.

CREDIT CARD SKIMMERS

Injecting e-skimmers, or credit card skimmers, on shopping websites to steal credit card details is a popular tactic for Magecart, a consortium of different hacker groups who target online shopping cart systems, as The Hacker News points out.

“This group has carried out a large number of diverse Magecart attacks that often compromise large numbers of websites at once,” according to RiskIQ.

To avoid this, consumers should not save credit card information on retail sites and, instead, use payment methods like PayPal, Apple Pay, or Google Wallet.

BRAND FORGERY

Another tactic for criminals is to leverage popular brands in email phishing attacks.

In 2020, cybercriminals are ramping up and perfecting brand forgery, Dave Baggett, co-founder and CEO of anti-phishing startup Inky, said in a statement sent to FOX Business.

Cybercriminals steal source code from retail brands' e-commerce sites to create “identical and perfect brand forgery sites,” according to Inky.

The more authentic the phishing email, the more likely that consumers will click on malicious links in the email.

The upshot: consumers should expect to see more fraudulent emails claiming to be from Amazon, Best Buy, and Walmart, among other major retailers, in the coming days and weeks.

“SECRET SANTA"

Another scam that has been making the rounds is the so-called "Secret Santa” or “Secret Sister,” according to the Better Business Bureau.

This gift exchange campaign quickly became popular on Facebook in 2015 with posts promising participants would receive up to 36 gifts, in exchange for sending one gift.

“Each holiday season the scheme pops back up,” the BBB said. Newer versions of the scam include exchanging bottles of wine or purchasing $10 gifts online or references to "happy mail" or doing the exchange "for the good of the sisterhood,” according to the BBB.

This is a pyramid scheme so “ignore it,” the BBB said.

RANSOMWARE GANG IS RAKING IN TENS OF MILLIONS OF DOLLARS

Gift card abuse

This a perennial threat due to the widespread use of gift cards, according to the Retail Gift Card Association (RGCA).

Gift cards have been the most popular gifts in the U.S. for many years, according to the National Retail Federation.

“Criminals can abuse gift cards, just as they can abuse debit cards, credit cards, or checks,” according to the RGCA, which suggests that consumers decline unsolicited demands for payment and buy cards directly from retailers and known brands.

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Companies with more women in management have outperformed their more male-led peers, according to Goldman Sachs

Brendan McDermid/Reuters

  • A new study by Goldman Sachs found that companies with more women in management and board positions outperformed their more male-led counterparts. 
  • In a basket of 600 European stocks, companies with more female leadership saw their share price outperform on average by 2.5% a year compared with companies with less women leaders. 
  • “Having a greater proportion of women in senior positions is not just a diversity score to target…but is associated with a lower cost of equity, stronger share-price performance and lower volatility of shares,” Sharon Bell, a Goldman equity strategist said. 
  • Visit Business Insider’s homepage for more stories.

It pays to have more female corporate leadership, according to a new study from Goldman Sachs.

After examining the stock performance of companies within the European Stoxx 600 index since the 2008 financial crisis, the bank found that those with higher numbers of female leadership outperformed their more male-led peers. Companies in the top quartile of their sectors based on the share of female managers or women on the board outperformed companies in the bottom quartile by 2.5% a year.

Sharon Bell, a Goldman Sachs European equity strategist, led the study and summarized her findings in a Monday Op-Ed in the Financial Times.

“Having a greater proportion of women in senior positions is not just a diversity score to target or a box to be ticked, but is associated with a lower cost of equity, stronger share-price performance and lower volatility of shares, too. Good news for corporations, investors and society,” Bell said. 

She also noted that correlation doesn’t mean causation, and the fact that companies in the top-quartile for share of women in leadership outperformed could be from several factors.

“It could be that women add more diverse opinions and take different approaches. It could be that by hiring from a broader pool that includes both sexes, companies are able to attract the best talent,” said Bell.

Read more: Alex Umansky has been one of the world’s best stock pickers for years, and his fund is making 6 times more than the competition in 2020. He told us the 4 pillars to his investing approach.

The percentage of female board members in Europe’s top 600 companies has increased in the last 20 years, but the share of female managers has not risen at the same speed, according to Goldman. Roughly 30% of Stoxx 600 board members are female, but just 6% of all CEOs are female. And while some sectors including retail, media, travel and leisure, healthcare and financials have more female employees than males overall, all sectors have fewer than 50% female managers.

Goldman Sachs

The study also revealed that during the pandemic, companies with more female leadership tended to perform worse.

According to the study, from the end of February 2020 to the end of September 2020, companies in the top quartile by women on the board were down 7% compared with companies in the bottom quartile. Bell said this drop could be because companies with more service businesses, the sector hit hardest by social distancing, tend to have a higher share of women employees.

Goldman Sachs first published the study, titled “Womenomics: Europe Moving Ahead,” in mid-October. 

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10 Richest Countries in the World

The United States is often referred to as the wealthiest nation on Earth. Measured by the size of its economic output, that is the case. However, by another widely-used measure, intended to reflect the nation’s wealth relative to the size of its population, the U.S. doesn’t even fall within the top 10. 

Gross national income, or GNI, represents the sum of money earned by a nation’s people and businesses within a given year. Unlike GDP, GNI also measures income earned by corporations based in the country but operating outside its borders. 

Global GNI per capita — all the income earned worldwide in 2019 — was $17,591. This figure is representative of the pre-tax income the average person earned and is indicative of the average quality of life. Worldwide, GNI per capita ranges greatly, and while in some countries it is a fraction of the global figure, in others it is more than triple the global average. 

Using data from the World Bank, 24/7 Wall St. reviewed the GNI per capita of the 194 nations and special regions with available data to identify the 10 richest countries. GNI per capita figures for the most recent available year are calculated using purchasing power parity and are in current international dollars. These wealthiest countries span the globe from North America to Southeast Asia, though most are concentrated in Western and Northern Europe. 

Most countries on this list share several common factors, including reliable infrastructure, trust in public institutions, extensive international trade, and effective management and leveraging of natural resources. While the majority of these countries have diversified, complex economies, some — particularly those in the Middle East — are almost entirely dependent on their oil wealth. These are the 15 countries that control the world’s oil

One of the strongest correlations with income at a national level is the overall health of the population. Residents of wealthy countries tend to have better access to housing, education, nutrition, and health care — all factors that help to improve health outcomes. In every country on this list, life expectancy at birth is at least 2.4 years greater than the 72.6-year global average. Here is a list of the countries where people live the longest. 

Click here to see the 25 richest countries in the world
Click here to see our methodology

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