Why it matters: Swapping clothes — whether informally with friends or through an event or business — is a free way to refresh a wardrobe and minimize waste.
Driving the news: At least 28 states and Washington, D.C., are legally recognizing Juneteenth — a day celebrating Black emancipation from enslavement — as a public holiday this year with government offices closed, according to a Pew Research Center analysis.
U.S. Secretary of State Antony Blinken told reporters on Monday that he had a "robust conversation" with Chinese President Xi Jinping in a meeting that capped off a two-day visit to Beijing to stabilize strained ties between the two superpowers.
Why it matters: Though fundamental disagreements remain, the consensus on Monday between Blinken, Xi and other Chinese officials to continue high-level discussions going forward is a crucial step towards ensuring that tensions between the two superpowers do not escalate into conflict.
SVB Financial Group has agreed to sell its investment banking division to a group led by Jeff Leerink and backed by funds managed by The Baupost Group.
Why it matters: This will bring SVB Securities' journey to a full circle. The business unit was created following SVB's acquisition in 2018 of Leerink's health care-focused investment bank.
The big picture: Consumers are expected to spend nearly 36% or $12.8 billion less on dads than they did on moms last month, according to projections from the National Retail Federation’s annual surveys.
