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☆ In response to a string of deaths, Airbnb CEO says it's 'really hard' to make hosts install carbon monoxide detectors
▼ + stars: | 2024-05-19 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Chesky said it is "hard" to enforce a carbon monoxide mandate across 220 countries and regions. NBC News reported that at least 19 deaths at Airbnbs involved carbon monoxide poisoning. AdvertisementAirbnb CEO Brian Chesky said enforcing certain safety measures, like carbon monoxide detectors, across all listings worldwide is "very hard." NBC reported in November 2023 that there had been 19 deaths on Airbnb properties related to carbon monoxide poisoning. Airbnb responded to the initial deaths in 2014 by asserting it would mandate carbon monoxide detectors in all its listings but that's yet to happen, the outlet said.

Persons: Brian Chesky, Chesky, —, Airbnb Organizations: NBC News, Service, NBC Nightly, NBC, Business

☆ Phoenix is beating the rest of the country on inflation — on paper anyway
▼ + stars: | 2024-05-18 | by ( Brian Cheung | ) www.cnbc.com time to read: +1 min

PHOENIX, AZ- The Phoenix skyline is seen from the ferris wheel at the Arizona State Fair on Oct. 8, 2022, in Phoenix, Arizona. Joshua Lott/The Washington Post | Getty ImagesPhoenix is closer to winning the war on inflation than most other cities. "Housing inflation remains my most valuable indicator for the immediate future," Federal Reserve Bank of Chicago President Austan Goolsbee said last month. And in Phoenix so far, both rents and home sales have cooled down over the last year. 'Past the worst' of a housing crunchRent's impact on inflation

Persons: Joshua Lott, Joe Biden's, Austan Goolsbee Organizations: PHOENIX, Arizona State Fair, Washington Post, Getty, Federal Reserve, Bureau of Labor Statistics, Reserve Bank of Chicago Locations: AZ, Arizona, Phoenix , Arizona, Phoenix, —, Maricopa County

☆ Shein's U.S. charm offensive and IPO could hinge on NRF membership. So far, it's been rejected
▼ + stars: | 2024-05-13 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

Open to allIt's unclear why the NRF rejected Shein's membership application, but according to one of the people familiar, someone with sway is strongly against the company's admittance. The NRF's board has a leadership team and an executive committee. An NRF membership application form that can be found online states: "Companies principally engaged in retailing are eligible for membership in the Federation." Two of the board members said they weren't aware of any instances where the NRF denied a retailer membership. "I don't think they are in the business of turning anyone down," one of the board members told CNBC.

Persons: Scott Olson, Matthew Shay, Courtney Reagan, CNBC Steve Dennis, Neiman, Sears, Dennis, Shein, John Furner, Bob Eddy, Mike George, Brian Cornell, Tony Spring, wasn't, Wang Ying, Ashley Sanchez, Joscelin Flores, Allen J, They've, Temu, it's Organizations: Getty, National Retail Federation, CNBC, Neiman Marcus, New York Stock Exchange, Shay, Walmart U.S, BJ's Wholesale, Qurate, QVC, Federation, Brands, Publicis Groupe, Coresight, Xinhua News Agency, Forum, World Retail, Los Angeles Times, Chinese Communist Party Locations: Whitestown , Indiana, New York City, America, U.S, New York, United States, Hamburg, Germany, Los Angeles, Paris, Davos, Switzerland, Las Vegas, Shoptalk, Fontana, Ontario Mills, Ontario

☆ Rivian, Lucid and other EV startups scramble to shore up cash and reassure Wall Street
▼ + stars: | 2024-05-10 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

In this article NKLARIVNLCID Follow your favorite stocks CREATE FREE ACCOUNTR1T trucks on the assembly line at the Rivian electric vehicle plant in Normal on April 11, 2022. Stock Chart Icon Stock chart icon Performance of Rivian, Lucid and Nikola stocks over the past year. Rivian reported $7.86 billion in cash, cash equivalents, and short-term investments to end March, with more than $9 billion in total liquidity. Lucid, for its part, ended the first quarter with approximately $4.6 billion in cash, cash equivalents and investments, with total liquidity of approximately $5.03 billion. Unlike Rivian and Lucid, Nikola is exclusively focused on commercial vehicles rather than ones to retail customers.

Persons: Brian Cassella, Tesla, Itay Michaeli, Rivian, Rivian's, Peter Rawlinson, he's, Rawlinson, " Rawlinson, LSEG, Nikola, Thomas Okray, Okray, Derek Jenkins, David Swanson Organizations: Tribune, Service, Rivian, Lucid Group, Nikola Corp, Wall Street, Citi, Saudi, Public Investment Fund, Wall, Lucid, Los Angeles Auto Locations: Normal, Illinois, Georgia, Normal , Illinois, Los Angeles , California, U.S

☆ Airbnb CEO on Q1 results, Icons launch: We are just scratching the surface of our core business
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbnb CEO on Q1 results, Icons launch: We are just scratching the surface of our core businessAirbnb co-founder and CEO Brian Chesky joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the launch of 'Icons', growth outlook, international expansion, and more.

Persons: Brian Chesky

☆ Airbnb's customers keep complaining about the costs compared to hotels. The company seems to be listening.
▼ + stars: | 2024-05-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewWhen Airbnb started, CEO Brian Chesky said its tagline "was a cheap, affordable alternative to a hotel" — but customers aren't finding it so cheap anymore. Customers have complained on social media about the rising cost of Airbnb due to booking costs and cleaning fees. Advertisement"A year and a half ago, we noticed that, you know, there was a lot of concern about Airbnb prices increasing," Chesky said. According to the CEO, two million hosts now use the compare listing. Chesky also said Airbnb started offering monthly and weekly discounts for guests with longer stays.

Persons: —, Airbnb, Brian Chesky, you've, Chesky, it's Organizations: Service, Business

☆ London's elite Garrick Club votes to allow women for the first time
▼ + stars: | 2024-05-08 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — Members of Britain's exclusive all-male Garrick Club has reportedly voted to permit women to join the institution for the first time in its 193-year history. The historic vote comes after the club has been under immense scrutiny over recent weeks following the publication by the U.K.'s Guardian newspaper of some of the elite club's most influential members. The closely-guarded membership list showed the club to be an emblem of Britain's patriarchal establishment, with the majority of members white and aged over 50. Notable public figures from the arts, including actors Benedict Cumberbatch and Brian Cox, were also named. The Garrick Club, named after the 18th-century actor David Garrick, was founded in 1831 as a place where "actors and men of refinement and education might meet on equal terms," according to a statement on the club's website.

Persons: Garrick, King Charles III, Benedict Cumberbatch, Brian Cox, David Garrick Organizations: U.K, Secret Intelligence Service, Garrick Locations: London

☆ Universities on Guard for Pro-Palestinian Protests at Commencement: Live Updates
▼ + stars: | 2024-05-06 | by ( Yan Zhuang | ) www.nytimes.com time to read: +5 min

Others, including pro-Israel professors, have sought to build other avenues of support for students. Faculty members at Emory University and Columbia University are among those who have either taken or pushed for no-confidence votes in their school presidents. Some professors, faculty and staff members have gotten caught in police sweeps and arrested as law enforcement has moved to evict students and their tent encampments from campuses. He said the letter came together as colleagues expressed outrage over seeing some of their students caught in the clash and not receiving a response from some administrators when they pleaded for intervention. “There was a very clear sense from very early on, even as things were happening yesterday, that some response was imperative — that we couldn’t let something like this go unanswered,” he said.

Persons: Jim Ryan, Ian Baucom, Annelise Orleck, —, ”, Erik Linstrum, “ there’s, Brian Coy, Ryan, Baucom, “, ” Mr, Coy, Laura Goldblatt, they’re, Thomas Jefferson, Linstrum Organizations: University of Virginia, Israel, Emory University, Columbia University, Dartmouth College Locations: Charlottesville, Gaza, aggress

☆ What exactly goes into closing costs?
▼ + stars: | 2024-05-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

But there is an often-overlooked expense when buying a home: closing costs. At the same time, the Biden administration plans to take aim at so-called “junk fees” hidden in closing costs. New York, Delaware and Washington, DC, have the highest average closing costs, according to Bankrate; while Missouri, Indiana and North Dakota have the lowest. Lowering closing costs on your ownThere is one relatively simple way to lower your overall closing costs: shop around. “When you compare those offers, examine not just the rate itself but also the closing costs.

Persons: homebuyers, —, Biden, ” Jeff Ostrowski, , ” Ostrowski, you’re, homebuyers haven’t, Brian Connolly, it’s, “ It’s, ” Connolly, Connolly, ”, Freddie Mac, ” Genaro Villa Organizations: CNN, Consumer Financial, National Association of Realtors, realtors, University of Michigan, NAR, homebuyers Locations: New York , Delaware, Washington, Missouri, Indiana, North Dakota, Bankrate, AnnualCreditReport.com

☆ Airbnb’s Icons allow you to drift off in the ‘Up’ house or rest in Prince’s ‘Purple Rain’ mansion
▼ + stars: | 2024-05-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

CNN —If you have ever wanted to dream in the balloon-lifted “Up” house, party with Kevin Hart or jam with Doja Cat, Airbnb has just the thing. With Icons, we’ve created the most extraordinary experiences on Earth.”Here are some of the entertainment-focused Icons announced so far:An actual photo of the Airbnb house recreated to look like the home in the Disney/Pixar movie "Up" -- both the interior and exterior. Ryan LowryDrift off in the “Up”house - “Sleep inside one of Disney and Pixar’s most iconic homes – and yes, it floats. You’ll enjoy an unforgettable living room performance from the Grammy-winning artist, including her favorite songs and tracks from her latest album.”"Purple Rain" House - AirBnb Icons Eric OgdenStay in Prince’s “Purple Rain” house - “Prince purchased the Minneapolis, Minnesota home featured in the legendary film ‘Purple Rain,’ but it’s never been available to the public until now. Explore the home and go crazy for rare and special tracks from Prince’s world in an exclusive studio session.

Persons: Kevin Hart, Airbnb, Brian Chesky, we’ve, Ryan Lowry, ”, You’ll, Kevin, Doja, Eric Ogden, “ Prince, it’s, Khaby, Holly Andres Step, Marvel, you’re, Joy, Janhvi Kapoor Organizations: CNN, Wednesday, Disney Locations: Abiquiu , New Mexico, Minneapolis , Minnesota, Milan, Italy, Westchester , New York, Paris

☆ More CEOs are deciding the stress, pressure, and loneliness are just not worth the money
▼ + stars: | 2024-04-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pressure, stress, and lonelinessHead honchos have been calling out the difficulties of their jobs for years. Tesla and SpaceX CEO Elon Musk has bemoaned that running a company is "really not that fun" and "just awful" at times. "The depths of loneliness I experienced as a CEO are difficult to put into words," he posted on X in January. The combination of immense pressure, stress, loneliness, and lack of work-life balance that often comes with being a CEO may well explain why few people last long in the role.

Persons: —, HSBC's Noel Quinn, Bob Bakish, Dr Martens, Kenny Wilson, Andrew Challenger, HSBC's Quinn, Elon Musk, Musk, Grzegorz Wajda, Brian Chesky, Warren Buffett, Berkshire Hathaway, Buffett Organizations: Service, Paramount, Business, SpaceX, Berkshire, he's

☆ Target's CEO made 719 times the median employee's pay last year
▼ + stars: | 2024-04-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Target CEO Brian Cornell received total compensation of $19.2 million last year. The median compensation for associates was $26,696, according to Target's annual proxy statement. Cornell's pay is behind Walmart CEO Doug McMillon and ahead of former Costco CEO Craig Jelinek. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The pay package consisted of $1.4 million in base salary, $14.7 million in stock awards, and about $3.1 million in other compensation.

Persons: Brian Cornell, Doug McMillon, Craig Jelinek, —, Cornell, Doug McMillon's, Dominick Reuter Organizations: Walmart, Costco, Service, SEC, Business Locations: New York

☆ A real-estate agent's ritzy Hamptons beach home was used in a fake Airbnb scam
▼ + stars: | 2024-04-24 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

A real estate agent who rents her Hamptons home got caught up in an Airbnb scam. Photos of her property were used for a fake listing, The Real Deal reports. AdvertisementA Corcoran real-estate agent and East Hamptons homeowner was caught up in an Airbnb scam when a fake listing for her property showed on the rental platform, The Real Deal reports. According to the Real Deal, Sarah Stewart rents her Hamptons home in the spring and summer, but not through Airbnb. Though Stewart got the scam pages taken down, she told The Real Deal the ordeal was "terribly upsetting."

Persons: —, Corcoran, Sarah Stewart, Stewart, Airbnb, Brian Chesky Organizations: Hamptons, Service, East Hamptons, Real, Labor

☆ Airbnb's new chief business officer shares his top priorities for hosts and travelers
▼ + stars: | 2024-04-23 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

As Airbnb's recently appointed chief business officer, Dave Stephenson is playing a crucial role in the company's future growth plans. He's also filling another role that is critical to that growth: an Airbnb host. An avid skier and hiker, Stephenson is quick to share details of the best trails with his guests. Airbnb is also looking to expand its services, making it easier to be a host as well as a guest. That could include helping hosts facilitate check-ins or helping them get the items they need for guests, like linens.

Persons: Airbnb's, Dave Stephenson, He's, Stephenson, Brian Chesky, Chesky, Airbnb Organizations: Airbnb, CBO, Netflix Locations: Ankara, Turkiye, Amazon, Seattle , Washington, that's, Germany, South Korea, Brazil, Bavaria, Washington

☆ Live Updates: Yale Students Arrested as Campus Chaos Spreads
▼ + stars: | 2024-04-22 | by ( Alan Blinder | ) www.nytimes.com time to read: +11 min

Some reportedly shouted at Jewish students and made antisemitic statements. Still, some Jewish students who are supporting the pro-Palestinian demonstrations on campus said they felt solidarity, not a sense of danger, even as they denounced the acts of antisemitism. Image Grant Miner, a Jewish graduate student at Columbia University, says he doesn’t feel unsafe on campus. Jewish students get harassed trying to leave @Columbia’s campus tonight. Image At the “Gaza Solidarity Encampment” on the Columbia campus, tents were crowded together Sunday night.

Persons: Eric Adams, ” Andrew Bates, Nemat Shafik, Minouche, “ Al, Adams, Grant Miner, Bing Guan, New York Times “, “, U2Ii5GTuLm — David lederer, @Davidlederer6, ”, Eliana Goldin, Aryeh, . Goldin, Samantha Slater, Shafik, Mr, Miner, ” Makayla, Gubbay, —, “ There’s, ” Ms, Elie Buechler, Rabbi Buechler, Hillel, ” Brian Cohen, Noah Levine, “ I’m, Xavier Westergaard, Sharon Otterman Organizations: Columbia, Jewish, White, New, ”, Columbia University, Credit, New York Times, Palestinian, Israel, University, New York Police Department, Barnard College, Gaza Solidarity, New York Times Students, Ivy League, Campus, “, Hillel, Broadway, Jewish Voice, Peace Locations: Upper Manhattan, New York City, American, Israel, Columbia, Poland, @Columbia’s, Europe, Chabad, Gaza, Palestine, Amsterdam

☆ Tensions are so high at Columbia ahead of Passover that all classes will be virtual today
▼ + stars: | 2024-04-22 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Officials at Columbia University, facing surging tensions on campus that have raised safety concerns, have announced all classes will be virtual on Monday as Passover begins. Shafik has faced new calls for her resignation, and a rabbi linked to the university even urged Jewish students to stay home due to concerns about their safety. The crisis at Columbia amounts to a massive test for Shafik, who took the helm of the university less than a year ago. “It is crystal clear that Columbia University -previously a beacon of academic excellence founded by Alexander Hamilton - needs new leadership,” Stefanik said in a statement on Sunday. As Passover begins Monday, Jewish student organizations have increased security for their upcoming events and services.

Persons: Minouche Shafik, “, Shafik, Kathy Hochul, Eric Adams, Adams, New York Police Department “, ”, Elise Stefanik, Alexander Hamilton, ” Stefanik, Virginia Foxx, “ Columbia’s, ” Foxx, Brian Cohen, Chabad, CNN’s Elizabeth Wolfe, Paradise Afshar, Caroll Alvarado, Shimon Prokupecz Organizations: CNN, Columbia University, Columbia, Ivy League, Jewish, , New, New York City, New York Police Department, New York Republican, Harvard University, University of Pennsylvania, Police, Kraft Center, Barnard College Locations: ,, , New York, New, ” Columbia, Columbia, Jewish

☆ Can a Brewery Make Good Wine? These Beer Makers Say Yes.
▼ + stars: | 2024-04-19 | by ( Joshua M. Bernstein | ) www.nytimes.com time to read: 1 min

One could easily mistake Alesong Brewing & Blending for a winery. The brewery, which opened in 2016 in Eugene, Ore., makes beer-wine hybrids with local grapes and sells barrel-aged beer through a membership club. “If you take the word beer out of our business model, we look a lot more like a winery,” said Brian Coombs, a founder and production manager at Alesong, who previously worked at the nearby King Estate Winery, in the Willamette Valley wine region. Last September, Alesong introduced its first wine, a pinot gris, in an effort to broaden the brewery’s creative ambitions and customer base. “I want to look at wine from a brewer’s perspective.”

Persons: ”, Brian Coombs, Alesong, “, Coombs Locations: Eugene ,, King, Willamette

☆ A 32-year-old who started selling T-shirts in college with $500 upfront shares the 4 strategies he used to build a seven-figure online business from scratch
▼ + stars: | 2024-04-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Karthik Shanadi and Luke McGurrin did just that — and they started their brand, Greek House, out of their fraternity house with a slim $500 budget. Since launching Greek House in 2013, the cofounders have added three more apparel brands. Courtesy of Karthik ShanadiIt helped that Shanadi and McGurrin eventually expanded into what he considers a "high barrier niche": licensed merchandise. In 2016, about three years after starting Greek House, they received a notice from a licensing agency.

Persons: —, Karthik Shanadi, Luke McGurrin, Shanadi, McGurrin, Brian Chesky, Threadly, that's, We're Organizations: Service, Business, University of Florida Locations: Portugal, Philippines, India

☆ Iran will learn from its failed attack on Israel and work to make its next big attack more devastating, war analysts warn
▼ + stars: | 2024-04-15 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIsrael thwarted Iran's retaliatory missile attack, but experts said Iran can use this loss to learn and plan a more effective strike. AdvertisementIran's missiles and drones were overwhelmingly intercepted by Israel, its neighboring countries and allied forces, however, experts say this attack could offer Iran lessons for its next big hit. While many of Iran's missiles and drones were intercepted, the number of weapons that were able to break through Israel's defenses is notable enough for concern. Iran's drones and cruise missiles were launched earlier in order to hit Israel's defense air system at the same time as ballistic missiles.

Persons: —, Israel, Brian Carter, Frederick Kagan, ISW Organizations: Service, Business, Ukraine, NATO Locations: Iran, Israel, Washington, Iranian, Syria, Ukraine, Russia, Moscow, Tehran

☆ Iran's aerial attack on Israel was based on Russian tactics in Ukraine, war experts say
▼ + stars: | 2024-04-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Iran's aerial attack on Israel mirrored Russian tactics in Ukraine, according to analysts. Another analyst disagreed, saying Iran used similar tactics long before Russia's full-scale invasion. AdvertisementSome military analysts are comparing Iran's attempt to bombard Israel over the weekend with Russian tactics in Ukraine. The IDF estimated that the attack used 170 drones, 30 cruise missiles, and 120 ballistic missiles. He pointed to Iran's 2019 attack on two major Saudi oil refineries, which also reportedly used drones combined with cruise missiles.

Persons: —, Brian Carter, Frederick W, Kagan, Fabian Hinz, Hinz, Carter, Rodger Shanahan, it's, Israel, Shanahan Organizations: Service, Israel Defense Forces, American Enterprise, IDF, London's International, for Strategic Studies, CBS, Lowy Institute, ABC News Locations: Israel, Ukraine, Iran, ABC News Australia, Damascus, Syria

☆ Airbnb wants to help renters, and not just homeowners, share their space for cash
▼ + stars: | 2024-04-12 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +4 min

CNN —Airbnb wants more renters, and not just homeowners, to be able to become hosts on its short-term rental platform. New York City, for example, has argued that short-term rental platforms like Airbnb limit available housing supply, leading to overall higher rents, and that they can be disruptive to neighborhoods. “A lot of the early laws that were made limited short-term rental to homeownership,” Theo Yedinsky, the vice president of public policy at Airbnb, told CNN. These renters, however, will still have to get permission from their landlord to host on Airbnb (Airbnb has no involvement in individual lease agreements between property owners and tenants). And many major cities, including New York, are increasingly cracking down and heavily restricting the short-term rental market.

Persons: CNN — Airbnb, ” Theo Yedinsky, Yedinsky, Airbnb, couldn’t, “, ”, Brian Chesky, Joe Gebbia, Glenn Youngkin, ” Yedinsky, Rahul Bhaskar, Bhaskar, ” Bhaskar Organizations: CNN, Gov Locations: New York City, San Francisco, Virginia, New York, India

☆ 2 college friends who started selling custom T-shirts on campus with a $500 budget explain how they grew their fraternity-house merch project into a seven-figure business
▼ + stars: | 2024-04-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

By the time Shanadi started his freshman year at the University of Florida, he had nearly a decade of work under his belt. His first brand, Greek House, while "a little bit of an accident," admitted Shanadi, was set in motion. It allowed him and McGurrin to launch Greek House with the limited savings they had. They dedicated weeknights and weekends to growing Greek House. Quitting corporate America, living on $1,000 a month, and learning from a $33,000 mistakeIn 2016, Shanadi quit his job to go all-in on Greek House.

Persons: Karthik Shanadi, Shanadi, Luke McGurrin, Luke, McGurrin, We'd, LUKE SIRIMONGKHON, Brian Chesky, that's, we've, we're Organizations: Business, University of Florida, New, Amazon, House, of Florida, Follett, Dick's Sporting Goods Locations: Bangalore, India, Orlando, New York City, Florida, California, Bay, Los Angeles, America, Salesforce, LA

☆ Macy's hasn't closed 150 stores yet. But Target, Kohl's CEOs already smell opportunity
▼ + stars: | 2024-04-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Those companies already count many of Macy's shoppers as their customers, according to an analysis of credit card data by Earnest Analytics. Macy's closures could put as much as $2 billion of market share up for grabs. The department store's net sales were $23.1 billion in the most recent fiscal year, and it said the 150 stores that it's closing account for less than 10% of sales. About 63% of Macy's stores have a T.J. Maxx or Marshalls within a one-mile radius, according to an analysis by Jefferies. Off-price stores also draw a similar customer, which tends to be more affluent.

Persons: Macy's, Justin Sullivan, Brian Cornell, Tom Kingsbury, Maxx, Jefferies, Ross, Earnest, Penney, Tony Spring, Corey Tarlowe, Cornell, Tarlowe, Cos, Mercedes Organizations: Getty, CNBC, Nordstrom, Earnest Analytics, Target, Abercrombie, Fitch, Home Goods, Jefferies, Toyota, Maxx Locations: San Leandro , California, United States, New York, Burlington, U.S

☆ Target to limit self-checkout to 10 items or fewer as Walmart also adjusts
▼ + stars: | 2024-03-15 | by ( Rob Wile | ) www.cnbc.com time to read: +2 min

Target is set to limit the number of items that can be purchased in its self-checkout lanes to 10 items or fewer. Some self-checkout lanes may also close entirely at certain hours depending on foot traffic patterns, it said. Target said it would be also be opening more traditional lanes staffed by team members. Customers at certain Walmart locations may start to notice changes to self-checkout lanes. As the number of shoppers and associate staffing increases, these stores open self-checkout registers to manage the increased customer flow.

Persons: I'm, Brian Cornell Organizations: CNBC, Walmart Locations: Queens , New York

☆ Biden’s 'billionaire tax' takes aim at the super-rich — but can a wealth tax work in reality?
▼ + stars: | 2024-03-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

This is about the wealthy contributing more ... the extremely wealthy contributing more and being proud to do that. "This is about the wealthy contributing more to the society, the extremely wealthy contributing more and being proud to do that," Phil White, retired business owner and Patriotic Millionaires co-signatory, told CNBC. But experts are divided over the effectiveness of a wealth tax, and its how achievable it is in reality. Data suggests that wealth tax accounts for only a very small proportion of total tax revenues in the countries where it has been applied. Data suggests that a wealth tax accounts for only a very small proportion of total tax revenues in the countries where it has been applied.

Persons: Joe Biden, Biden, Phil White, Abigail Disney, Brian Cox, Arun Advani, Advani, Christine Cairns, PwC, Tord Kolstad, Kolstad, Kolstad Eiendom Organizations: Patriotic, Patriotic Millionaires, CNBC, Scottish, University of Warwick Locations: Brazil, Europe, Switzerland, Norway, Spain, Colombia

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