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☆ Stagflation fears just hit Wall Street. Now for the next crucial report on prices
▼ + stars: | 2024-04-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The Federal Reserve’s favorite inflation reading is due Friday morning. Investors are nervously awaiting the report after first-quarter US GDP came in softer than expected Thursday. Stocks tumbled as the slowdown in GDP, coupled with stubbornly high inflation data, stoked fears of stagflation. Wall Street earlier this year expected that the central bank would ease rates as many as six times in 2024, beginning in March. Yellen said the weaker reading was not “concerning,” mentioning that measures of underlying growth were strong in Thursday’s report.

Persons: Stocks, ”, Ayako Yoshioka, Janet Yellen, Alessandra Galloni, Alicia Wallace, ” Yellen, “, we’ve, Yellen, Read, Freddie Mac, Bryan Mena, Lawrence Yun Organizations: CNN Business, Bell, New York CNN, Gross, Commerce Department, Atlanta, Fed, Thursday’s, Group, Traders, Bank of America, Reuters, National Association of Realtors Locations: New York, Yellen

☆ The Fed’s preferred inflation gauge just moved in the wrong direction
▼ + stars: | 2024-04-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: 1 min

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☆ Yellen: US economy strong, not overheated
▼ + stars: | 2024-04-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

Yellen on Thursday was interviewed by Reuters’ editor in chief Alessandra Galloni as part of the news organization’s NEXT Newsmakers series. “The economy is clearly performing very well,” Yellen said. Yellen said the weaker reading was not “concerning,” mentioning that measures of underlying growth were strong in Thursday’s report. Economic growth has remained historically strong in the face of elevated inflation, high interest rates and geopolitical tensions. “I believe the fundamentals here are in line with inflation continuing downward toward a normal level,” Yellen said.

Persons: Janet Yellen, Alessandra Galloni, ” Yellen, “, Yellen, Joe Biden, Katherine Tai, Tai Organizations: CNN, Reuters, Commerce Department, Federal Reserve, US Trade Locations: Yellen, Ukraine, US, China

☆ Energy stocks are hot again. The rally could have more fuel to burn
▼ + stars: | 2024-04-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

These robust gains come after a lackluster year for energy stocks. The energy sector fell roughly 5% in 2023, underperforming the broader S&P 500’s double-digit gains as concerns about the global economy hurt energy demand. Some investors say that energy stocks are poised for more gains, given the continued geopolitical turmoil and the US economy’s resilience. Energy stocks often do well when the economy is strong, since there’s more energy demand to fuel goods- and services production. Plug Power shares have slipped 34% this year, SolarEdge Technologies shares have tumbled 25% and Enphase Energy shares have slid 8%.

Persons: Nancy Curtin, “, ”, Bob Doll, he’s, Donald Trump, Trump, Matt Egan, ” Alex Durante, Read, Alicia Wallace, Price Organizations: CNN Business, Bell, New York CNN — Energy, Marathon Petroleum, Exxon Mobil, Occidental Petroleum, Halliburton, West Texas, Brent, Federal Reserve, Energy, RBC Capital Markets, Crossmark Global Investments, Organization of, Petroleum, Clean Energy, SolarEdge Technologies, Enphase Energy, Tax Foundation, CNN, Trump, of Labor Statistics, PPI Locations: New York, Ukraine, OPEC, China, Mexico

☆ PPI report: US wholesale inflation rose again last month
▼ + stars: | 2024-04-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —A key US inflation gauge rose last month to its highest level since April 2023, showing that underlying price pressures remain persistent. The Producer Price Index, a closely watched measure of inflation at the wholesale level, rose 2.1% for the 12 months ended in March, up from a 1.6% gain in February, according to Bureau of Labor Statistics data released Thursday. On a monthly basis, US wholesale prices rose 0.2%, markedly slower than the 0.6% gain in February. When stripping out the more volatile components of food and energy, the closely watched “core” index moved higher for the third consecutive month, rising to 2.4% annually, up from 2.1% the month before. Despite the increases, the annual rate of wholesale inflation (on both the overall and core level) is rising in line with what was seen in the years before the pandemic.

Persons: Price Organizations: CNN, of Labor Statistics, PPI

☆ Wall Street wants answers from big banks about the economy
▼ + stars: | 2024-04-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Big banks kick off earnings season Friday. “Earnings season just became significantly more important,” said JJ Kinahan, chief executive of IG North America, in a Wednesday note. On one hand, lofty rates could help pad banks’ net interest income, since they can charge a higher borrowing rate for loans and mortgages. Inflation has been a bane on Biden’s presidency, with voters consistently giving him low marks for his handling of the economy. Fed Chair Jerome Powell has said that policymakers want to see more evidence that inflation is headed toward their 2% goal.

Persons: ”, JJ Kinahan, JPMorgan, Wells, You’ll, Carol Schleif, Wall, Jamie Dimon, “, Alicia Wallace, Friday’s, Joe Biden, ” Biden, Bryan Mena, Jerome Powell, Powell Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, IG North America, JPMorgan Chase, BlackRock, Citigroup, PNC Financial Services, BMO Family Office, Federal Reserve, Wall, Traders, Bureau of Labor Statistics, —, Federal, Fed Locations: New York, Wells Fargo, pare

☆ Cost of gas and housing pushed up US inflation in March
▼ + stars: | 2024-04-10 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Gas and shelter costs contributed more than half of that monthly increase, according to the BLS. Economists were expecting a 0.3% monthly increase and an annual rate of 3.4%, according to FactSet consensus estimates. The Fed has been wanting to see meaningful progress on inflation before it starts cutting rates. Excluding gas and food prices, categories that tend to be more volatile, core inflation rose 0.4% from the month before, bringing the annual rate to 3.8%, the same as February’s reading. Economists had anticipated a 0.3% monthly gain and for the annual rate to inch lower to 3.7%, according to FactSet.

Persons: ” Greg McBride, Bankrate, Economists Organizations: CNN, Federal Reserve, Bureau of Labor Statistics, BLS

Stocks rallied Friday after the latest jobs report came in piping hot. The Dow rose 307 points, or 0.8%, after climbing more than 400 points at the day's highs. Still, all three major indexes ended the week lower, starting the second quarter of the year on a sour note. While the latest jobs report supports the idea that the US economy is holding strong against interest rates at a 23-year high and could avoid a recession, it also puts into question when the Federal Reserve will begin its long-awaited rate cuts. The US economy added 303,000 jobs last month, according to data released Friday by the Labor Department.

Persons: Stocks, Mike Sanders Organizations: Dow, Nasdaq, Federal Reserve, Labor Department, Fed, Madison Investments

☆ March jobs report comes in hot: The US economy added 303,000 positions last month
▼ + stars: | 2024-04-05 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

Instead, on Friday, yet another jobs report defied expectations. “Today’s jobs report raises the possibility that rather than slowing down, job growth might be holding steady,” Nick Bunker, Indeed Hiring Lab’s economic research director for North America, said in a statement. Last month’s job growth was driven by industries such as health care (+72,300 jobs); government (+71,000 jobs); leisure and hospitality (+49,000 jobs); and construction (+39,000 jobs). President Joe Biden touted March’s jobs report Friday. With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office.

Persons: Nick Bunker, Joe Biden, “, ” Biden, —, Greg Daco, ”, ” Daco, we’ve, Erica Groshen, ” Brett House, Daco, Price Organizations: New, New York CNN, of Labor Statistics, Federal Reserve, North, ”, CNN Business, Cornell University, CNN, Brookings Institution, Congressional, Columbia Business School, Fed, Labor Locations: New York, North America, EY, United States

☆ The S&P 500 just turned in its best first quarter since 2019
▼ + stars: | 2024-03-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The S&P 500 index rose 10.2% during the first three months of the year, its best first-quarter performance since 2019. The S&P 500 on Thursday logged its 22nd record-high close of the year. Companies in the S&P 500 saw earnings grow 4.3% during the fourth quarter of 2023 from the prior year, according to FactSet data. Analysts polled by FactSet expect S&P 500 earnings to grow by more than 10% for all of 2024. About 140,000 cars a day traversed the I-35W bridge that once stood more than 100 feet above the Mighty Mississippi.

Persons: Bell, Bitcoin, What’s, Leslie Thompson, Warren Buffett’s, Zachary Hill, ”, Elisabeth Buchwald, Samantha Delouya, Ron DeSantis, DeSantis, Disney’s, Bob Chapek, “ Don’t, ” Chapek, ” DeSantis, “ I’m, Read, Francis Scott Key, Alicia Wallace, ” Christopher Phelan, ” Read Organizations: CNN Business, Bell, New, New York CNN, Traders, Dow Jones Industrial, Nasdaq, Investment Research, Dow, Apple, Nvidia, Meta, Microsoft, Spectrum Wealth Management, Companies, FactSet, Research, Horizon Investments, Disney, Central, Republican Gov, Central Florida Tourism, Twin, University of Minnesota, CNN Locations: New York, China, Florida, Central Florida, Central Florida Tourism District, Orlando, Baltimore, Minneapolis, Mississippi, Twin Cities, Mighty Mississippi, Minnesota

☆ Lessons for Baltimore: How Minneapolis recovered from its 1-35W bridge collapse 17 years ago
▼ + stars: | 2024-03-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —The collapse of the the Francis Scott Key Bridge in Baltimore on Tuesday is unfortunately not the first deadly collapse of a major interstate bridge in the US. About 140,000 cars a day traversed the I-35W bridge that once stood more than 100 feet above the Mighty Mississippi. Steve Helber/APIt’s not a complete apples to apples comparison between the I-35W bridge and the Key Bridge. The Key Bridge had about 22% of the daily traffic of the I-35W Mississippi River Bridge; however, the Minneapolis bridge was about 22% the length of the truss bridge in Baltimore. In the immediate aftermath of the Key Bridge collapse, Levinson told CNN that this event should hopefully bring attention to vulnerabilities of critical pieces of infrastructure.

Persons: Francis Scott Key, ” Christopher Phelan, Minneapolis , Minnesota Mandel Ngan, MnDOT, Nancy Daubenberger, George W, Bush, ” Phelan, Tim Walz, Steve Helber, ” Ryan Petersen, David Levinson, ”, Levinson, Feng Xie, Xie, ” Levinson Organizations: Minneapolis CNN, Twin, University of Minnesota, CNN, Getty, Minnesota Department of Transportation, NPR, US, Minnesota, Minnesota Gov, Coast Guard, Port, University of Sydney, Minneapolis Star, Transportation Planning, Technology Locations: Minneapolis, Baltimore, Mississippi, Twin Cities, Mighty Mississippi, Minnesota, Minneapolis , Minnesota, AFP, City, Lakes, Anthony Falls, Maryland, Baltimore , Maryland, Port of Baltimore, Australia

☆ There’s more bad news for potential homebuyers: Prices just hit another record
▼ + stars: | 2024-03-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index rose 6% in January from a year before, accelerating from a 5.6% annual increase in December. “On a seasonal adjusted basis, home prices have continued to break through previous all-time highs set last year,” he noted. On a month-over-month basis, prices rose 0.4% on a seasonally adjusted basis. Minneapolis home prices have declined 2.4% during the three months ended in January, according to the report.

Persons: ”, Brian Luke, Dow, Freddie Mac Organizations: CNN, “, San Diego, Dow Jones, Minneapolis Locations: San Diego , Los Angeles, Washington

☆ She’s the boss: The ‘she-conomy’ boom continues with new business growth
▼ + stars: | 2024-03-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

In 2019, that picture looked quite different: 29% of new business owners were women, according to Gusto. The US Census does not break out new business formation by gender, and the most recent available data on women-owned businesses is from 2021. The business growth and the community impact garnered her a Young Entrepreneur Award from the US Small Business Administration. Filling the (skilled trades) gapYelp also found that in 2023, women opened more new home services businesses than beauty businesses. “There has absolutely been an uptick in interest over the last few years in this [skilled trades] work” by women, Perez said.

Persons: Bernadette Corbeil, “, ”, Corbeil, she’s, ” Tara Lewis, Bernadette Corbeil Yelp, Yelp, Abby Vandenberg, Ventureneer, Geri Stengel, Wells, Marie, Cyr, Marie Saint, leapfrogged, Saint, ” Lewis, workforces, Allie Perez, Perez, didn’t, Blythe Zemel, Ginny Stogner McDavid, Bernadette Corbeil’s, I’ve, ’ ” Organizations: CNN, Artemis Construction, Wells, Marie Saint, Cyr, New York City Public Schools, US Small Business Administration, NYC, of Labor Statistics, National Association of Women, Construction, Alamo City, George Plumbing Company, Texas Women, AFL Locations: Wildwood , Missouri, hyperdrive, ”, New York, SIBSPlace, Rockville Centre , New York, New, Saint, San Antonio, Alamo, happenstance, Harris, In Missouri

☆ Premarket stocks: Investors are on cloud nine. That could be a bad sign
▼ + stars: | 2024-03-15 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Unsurprisingly, several flashing indicators suggest that investors are feeling good about the market:• CNN’s Fear & Greed Index: The indicator, which measures seven barometers of market sentiment including the VIX, Wall Street’s most well-known measure of expected stock volatility, is in “greed” territory. Market sentiment is often seen as a contrarian indicator. That means that when the herd is optimistic, money managers take it as a sign that stocks will fall, and vice versa. A closely watched gauge of US wholesale inflation rose at its fastest pace in months, according to new data released Thursday. In February, car sales climbed 1.8%, purchases of electronics and appliances increased 1.5% and sales at restaurants rose 0.4%.

Persons: • Charles Schwab, Yardeni, “, Alicia Wallace, Price, Gus Faucher, Read, Bryan Mena Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Intelligence, Research, Bureau of Labor Statistics, PPI, of Labor Statistics, PNC Financial Services, Retail, Commerce Department, Gas Locations: New York

☆ Yet another inflation gauge came in hot for February
▼ + stars: | 2024-03-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

CNN —Rising energy prices helped to fuel yet another hot inflation reading for February. A closely watched gauge of US wholesale inflation rose at its fastest pace in months, according to new data released Thursday. While a seasonal energy price surge is at the root of the gain, the latest Producer Price Index is yet another reminder of the arduous process to rein in inflation. The hot PPI report comes two days after a similar reading from the Consumer Price Index, a closely watched gauge of inflation at the retail level. Core PPI rose 0.3% for the month, a slowdown from the 0.5% jump in January.

Persons: Price, we’ve, ” Kyle Anderson, ” Organizations: CNN, PPI, of Labor Statistics, Consumer, Federal Reserve, Indiana University’s Kelley School of Business, ”, BLS

☆ Food prices hold steady, but Americans have a beef with the cost of a burger
▼ + stars: | 2024-03-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

For burger proprietors — including smaller, mom-and-pop shops — and burger lovers alike, the price environment may not get any easier. Nearly eight decades later, the Owl Burger remains a draw, but it’s become noticeably more expensive since Covid. “Maybe 45 cents each year,” Argabright told CNN in an interview, adding that the Owl Burger sits at $7.95 now. “When you’re ordering pounds and pounds and pounds of it, it adds up pretty quick.”Beth Steele, founder of Beth's Burger Bar, in Edgewood, Florida. Where’s the beef price headedLike most aspects of inflation, there are several contributing factors behind higher burger prices.

Persons: that’s, ”, Tyler Schipper, Thomas, “ We’re, Wendy’s, Fries, Burger, Frank Chavez, it’s, Janice Argabright, ” Argabright, Beth Steele, Steele, “, hasn’t, we’re, Schipper, “ Don’t, ” Schipper Organizations: CNN, University of St, Trinity, Beth’s, Beth's, American Farm Bureau Federation Locations: Minnesota, San Antonio , New Mexico, Orlando, Beth’s Burger, Beth's Burger, Edgewood , Florida, Texas

☆ Prices ticked higher in February, but there’s good news at the grocery store
▼ + stars: | 2024-03-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Overall, the closely watched inflation gauge showed that prices rose by 3.2% for the 12 months ended in February, the BLS said Tuesday. That monthly pace was right in line with the 0.4% increase that economists were expecting, according to FactSet consensus estimates. Still, there was some good news for Americans: For the first time since April 2023, overall food prices did not rise. Grocery prices held flat, while “food away from home” (restaurants) ticked up last month by just 0.1%. On an annual basis, overall food price inflation slowed to 2.2%, the lowest rate since May 2021.

Persons: That’s, Stocks Organizations: New, New York CNN, Bureau of Labor Statistics, Federal Reserve, BLS, Dow, Nasdaq Locations: New York

The construction industry added an estimated 23,000 jobs in February; however, the pandemic effects still loom large for businesses such as DreamOn Group, a San Antonio, Texas-based developer, general contractor and property management firm. When Julissa Carielo started the company 18 years ago as Texas Premier Building Contractor Inc., she did so with $75,000 pulled from her 401(k) and two employees. “The Baby Boomers retired; we had way too many retirement parties going on and not enough new folks coming in,” she said. Every week, we’re looking for workers, and we cannot find them.”DreamOn Group is one of many businesses affected by worker shortages in the skilled trades. DreamOn Group previously had an in-house crew to tackle projects such as demolition, concrete work, interior finishes, drywall and painting.

Persons: Julissa Carielo, ”, Read Organizations: DreamOn, Inc, Boomers Locations: San Antonio , Texas, Texas

☆ Key takeaways from the latest jobs report
▼ + stars: | 2024-03-08 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

“The economy remains strong, held up by a robust labor market,” wrote Christopher Rupkey, chief economist with FwdBonds, in a note Friday. Still, Friday’s jobs report also showed that the whopping gains initially recorded for January and December were revised down by a combined 167,000 jobs. January’s job gains now sit at an estimated 229,000 (down from the blowout 353,000); and December’s job growth at 290,000 (down from 333,000). In February, that included construction (up 23,000 jobs); transportation and warehousing (up 19,700 jobs); and retail (up 18,700 jobs). Friday’s jobs report showed that wage growth is indeed slowing.

Persons: ”, Christopher Rupkey, FwdBonds, “, ” Robert Frick, —, ” Diane Swonk, Swonk, February’s, ” Frick, Julissa Carielo, ” Swonk, Gus Faucher, Lydia Boussour, EY, Boussour, Janet Yellen, CNN’s Kate Bolduan, they’re, ” Yellen, Price, CNN’s Bryan Mena Organizations: New, New York CNN, of Labor Statistics, Navy Federal Credit Union, CNN, KPMG US, Health, Baby Boomers, Transportation Security Administration, DreamOn, Inc, Boomers, Fed, Labor, Federal, PNC Financial Services, “ Fed Locations: New York, San Antonio , Texas, Texas

☆ What to expect in Friday’s jobs report
▼ + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.

Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, ”, ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, “ Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, ”, Labor Department Locations: New York, US

Samuel Corum/Getty ImagesFederal Reserve Chair Jerome Powell is set to testify Wednesday for the first of two three-hour-plus grillings by Congress on the state of the economy. But is there a particular law or rule that compels him to spend six hours answering lawmakers' (often aggressive) questions, a task that some may consider arduous? Officially known as the Full Employment and Balanced Growth Act of 1978, the Humphrey-Hawkins act was first proposed by Sen. Hubert Humphrey and Rep. Augustus Hawkins. The act also requires that the Fed head report on and deliver a monetary report to Congress semiannually. While it's not clear how much he enjoys delivering six hours of testimony, he did say earlier this year that his idea of fun was "a really great inflation report."

Persons: Samuel Corum, Jerome Powell, Humphrey, Hawkins, Sen, Hubert Humphrey, Augustus Hawkins, Powell, it's Organizations: U.S, Capitol, Getty, Federal Reserve, Rep, Fed Locations: Washington , DC

☆ The Fed’s favored inflation gauge eases to slowest pace in more than two years
▼ + stars: | 2024-02-29 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

New York CNN —Rising prices continued to loom large in January, but new data released Thursday showed that inflation is still on a downward — albeit bumpy — path toward the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index was up 2.4% for the 12 months that ended in January, a slowdown from December’s 2.6% increase, according to Commerce Department data released Thursday. The closely watched core PCE index that excludes energy and food edged down to 2.8%. While the latest read on the Fed’s preferred inflation gauge showed progress toward the central bank’s target, Thursday’s data also highlighted the choppiness of this yearslong battle to rein in spiking prices: Prices rose in January from December at their fastest clip in months. On a monthly basis, the PCE price index rose 0.3% and core jumped 0.4%.

Organizations: New, New York CNN, Federal, Commerce Department Locations: New York

☆ Does your dog need a coat?
▼ + stars: | 2024-02-24 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

But all this begs the question: Does your dog need a coat? From high-fashion to high-performanceThere’s evidence of dog fashion and clothing throughout history — from the ancient Egyptians and 19th-century Paris dog boutiques to early 20th-century photographs of dogs wearing clothes. Prada's Re-Nylon puffer dog coat with hood comes in two colors and three sizes, $825 From PradaBut the transition from Fifth Avenue high-end and high fashion to high-performance and technical function has certainly accelerated in recent decades. Doberman Pinschers — along with sleek breeds like Greyhounds and Whippets — are prime candidates for dog coats because of their short hair, thin skin and minimal body fat. “Make sure the coat fits well for safety and they’re supervised while wearing the coat.

Persons: Jerry Klein, Klein, Godiva, Jessica Rinaldi, I’m, ”, Alan Fausel, Enoch Frères, ” Fausel, Tiffany, Bruiser Woods, ” Frank, “ Frasier, Prada, Gucci, Prada's, Peter Kearns, Batman, Robyn Baldrey, Joe Hafner, Voyagers, ” Hafner, That’s, ” Coats, Jackie Moord, Mark Makela, Nicole Wheatley, Shanoa, ’ ” Wheatley, MeadowCat, Wheatley, Minnesota’s Northwoods, Drogo, Lois Katchur, Richter, Whippets, Leon, Sypha, ” Wheatley, Jennifer Bruns, Kent Nishimura, ” Bruns, they’re Organizations: Minnesota CNN —, American Kennel Club, CNN, Boston, Boston Globe, AKC Museum, Prada, Fifth, American Pet Products Association, “, Husky, PetSmart Veterinary Services, Los Angeles Times Locations: Anoka, Minnesota, Boston , Massachusetts, New York City, Paris, Seattle, Bend , Oregon, Santa Monica, It’s, Tacoma , Washington, Ada , Michigan, Rehoboth Beach , Delaware, Anoka , Minnesota, Minnesota’s, Muncy , Pennsylvania, Washington , DC

☆ Population and economy in South Carolina are booming
▼ + stars: | 2024-02-24 | by ( Tami Luhby | Alicia Wallace | ) edition.cnn.com time to read: +12 min

“And, of course, South Carolina is in the heart of the Southeast.”Job seekers check-in to a job fair at a Schneider Electric manufacturing facility in Hopkins, South Carolina, in January 2023. “You can reach about twice as many people within an 8-hour drive from South Carolina as you can from Florida,” he said. “The housing market and the manufacturing industry, particularly in South Carolina, saw a major increase in demand,” Von Nessen said. South Carolina home sale activity fell by double-digits in 2022 but has since started to stabilize, he said. “We’re just treating so many more patients that we don’t have capacity,” said Thornton Kirby, CEO of the South Carolina Hospital Association.

Persons: ” Joseph Von Nessen, Darla Moore, ” Von Nessen, ”, it’s, It’s, Sean Rayford, Barrie Kirk, “, Von Nessen, Micah Green, “ We’re, Thornton Kirby, Malcolm Isley, “ We’ve, ” Isley, Arnold Kamler, Inc . Kent, Kent, Kamler, Nikki Haley, —, Daniel Slim, Scott Huffmon, Donald Trump, Haley, they’d Organizations: CNN, Palmetto State, of Labor Statistics, University of South, of Business, North, SC Council, Competitiveness, Bureau of Labor Statistics, Labor, Midlands Technical College, Technical College Midlands Technical College, Schneider, Bloomberg, Getty, Census, US Federal Reserve, US News, South Carolina Hospital Association, “, Prisma, Health Prisma Health, Greenville Technical College, Health Center for Health, Life Sciences, Kent International, Walmart, Kent, Inc ., Winthrop University, —, Charleston City Market, Winthrop’s Center, Public, Research, Palmetto, Republican, Trump, CBS Locations: South Carolina, South, “, Carolina, Myrtle Beach , South Carolina, North America, University of South Carolina, West Columbia, United States, Hopkins , South Carolina, Florida, droves, Myrtle Beach, ’, Manning, New York City, Georgia, Charleston, AFP

☆ Five moves Walmart is making to overhaul its business for the future
▼ + stars: | 2024-02-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. Stock splitThe mega-retailer announced a 3-for-1 stock split that takes effect this week. A stock split means a single share gets split into multiple shares. Under the plan Walmart announced, people who own shares by close of business on February 22 will get two additional new shares of Walmart for every share they own.

Persons: Doug McMillon, Jeffries, “, ”, McMillon, Burt Flickinger, Blake Droesch, CNN’s Parija Kavilanz, Nathaniel Meyersohn, Elisabeth Buchwald, Alicia Wallace Organizations: New, New York CNN, Walmart, ”, Labor, Consumer, Microsoft, Strategic Resource, CNN, Costco, Telsey Group, Target, Intelligence, FactSet Locations: New York, Arkansas, Las Vegas

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