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“There’s just less dollars for consumers to spend.”The challenge for retailers now is to shake consumers out of that frugal mindset. Retail spending has increased in seven of the past 10 months through March. “If you want to convince consumers to spend you have to give them a reason to do so. Lower prices are a clear opportunity to drive people into the store or online.”It’s a lever that Walmart, he said, has pulled forever. Clothing chain H&M told analysts during its most recent earnings call that it, too, would lower prices.
Persons: Sarah Wyeth, , Chad Lusk, Alvarez, ” Wyeth, “ There’s, they’re, Zak Stambor, Stambor, Joe Raedle, ” Stambor, , ” Jesper Brodin, ” Brodin, ” Michaels, ” Ashley Buchanan, Michaels, Lars Daniel Ervér, Frida, Chuck, – CNN’s Bryan Mena Organizations: New, New York CNN —, Ikea, Shoppers, “ Retailers, CNN, Walmart, Ingka, , Cheese, Stambor Locations: New York, Hallandale Beach , Florida
Nvidia Eddie George picked chipmaker darling Nvidia for its long-term prospects. Oracle shares are up roughly 9% this year. Apple George selected Apple for his second pick. Faced with waning demand and rising competitive pressures, Apple stock has shed nearly 12% this year, making it a weak link among the "Magnificent Seven" tech cohort. The company's legacy of sustainable excellence has also paved the way for cutting-edge technology like Apple Pay and the Apple Watch.
Persons: gunning, Breanna Stewart, Stewart, Mark Zuckerberg, Nvidia Eddie George, George, Jensen Huang, Charlotte Flair, Flair, Oz Pearlman, bitcoin, Pearlman, It's, Caterpillar's, Ekeler, Schulman, Carter, Microsoft Jillian Michaels, Giancarlo Chersich, Michaels, Nancy Pelosi's, Oracle Joey Chestnut, Larry Ellison, Wall, DraftKings, Karen Finerman, Apple George, Apple, DraftKings Eddie George, Apple Charlotte Flair, IBM Oz Pearlman, Carvana Austin, Intel Nev Schulman, Crocs Jillian Michaels, Google Joey, Starbucks Kenny, Smith Organizations: Meta, Nvidia, Tennessee Titans, Tennessee State University, Computer WWE, Computer, Micro, IBM, bitcoin, Caterpillar, Washington, Microsoft, Oracle, FactSet, CNBC, Apple, Apple Watch, Intel, JPMorgan Druski, Nike, Google, Starbucks, Warner Bros, Delta Air Locations: American, Nashville
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's 2024 Stock Draft: Fitness guru Jillian Michaels picks Microsoft in first-roundCNBC’s annual stock draft is underway. Celebrities, athletes, and financial gurus join ‘Power Lunch’ to make their picks.
Persons: Jillian Michaels Organizations: Microsoft
O.J., Made in America, Made by TV
  + stars: | 2024-04-11 | by ( James Poniewozik | ) www.nytimes.com   time to read: +1 min
One of the strangest quotes I can remember associated with O.J. Simpson came from the broadcaster Al Michaels during the notorious freeway chase in 1994. Michaels, a sports commentator now covering the flight from the law of one of America’s biggest celebrities, said that he had spoken with his friend Simpson on the phone earlier. Simpson, during and after his pro football career, was a creature of the media business. With the freeway chase, and the acrimonious trial on live TV, he would essentially become the media business.
Persons: O.J, Simpson, Al Michaels, Michaels, “ Al, ” Michaels, , Nicole Brown Simpson, Ron Goldman
CNN —More than 200 artists, including Billie Eilish, Kacey Musgraves, J Balvin, Ja Rule, Jon Bon Jovi, The Jonas Brothers, Katy Perry, Miranda Lambert and more, are speaking out against artificial intelligence-related threats in the music industry. The letter highlights AI threats including deepfakes and voice cloning, as well as “irresponsible uses of AI” such as the using AI sound to diminish royalty payments to artists and the use of musical works by AI developers without permission to train and produce AI copycats. “Unfortunately, some platforms and developers are employing AI to sabotage creativity and undermine artists, songwriters, musicians and rightsholders.”The letter urges digital music platforms and services to pledge to protect artist. “We must protect against the predatory use of AI to steal professional artists’ voices and likenesses, violate creators’ rights, and destroy the music ecosystem,” the letter says. In a statement, the executive director of the ARA, Jen Jacobsen, said the threats of artificial intelligence are worsening already-tough working conditions for artists.
Persons: Billie Eilish, Kacey Musgraves, J Balvin, Jon Bon Jovi, Jonas, Katy Perry, Miranda Lambert, , , Billy Porter, Camila Cabello, Chuck D, Darius Rucker, Finneas, Jon Batiste, Julia Michaels, Kate Hudson, Kim Petras, Mumford, Nicki Minaj, Norah Jones, Pearl, Sam Smith, Sheryl Crow, Smokey Robinson, Stevie Wonder, Zayn Malik, Bob Marley, Frank Sinatra, Jen Jacobsen, ” Jacobsen, Tyler Perry, OpenAI’s, ” Sora Organizations: CNN, Rights Alliance, Sons, ARA, SAG, WGA Locations: Atlanta
The lockdown saw sales of sewing machines soar and stock sell out. Most people (OK, most women) who attended public junior high schools in the 1960s, 1970s or even 1980s learned at least basic sewing skills and could advance them with elective classes in high school. After all, Joann, known as Jo-Ann Fabrics back when home sewing was more in style, is reorganizing its finances, not closing its 800-plus stores nationwide. Run in to get thread, run out with just the right shade of blue. They learn online, they shop for materials online, and they sell their homemade wares online.
Persons: Lynda Gorov, CNN —, Lynda, Joann, That’s, Jo, Ann, grandma, He’d, Organizations: CNN, Crafts, Boys, Twitter, Facebook Locations: Los Angeles, Ukrainian, Chicago
AdvertisementTake a spin around the internet, and it's clear that I'm not the only one with some questions about framing. For preservation purposes, framers will suggest acid-free, lignin-free materials so the art won't get damaged, which adds to the cost. "Glass is incredibly expensive, and part of it is because it's made specifically for picture framing. The day after I spoke with a manager at a midsize framing shop in Brooklyn, I followed up to ask about general price ranges on moldings and mats. How much did the thing you want to frame cost?
Persons: I'd, I've, Big, Hope Dye, they've, Dye, Sven Olsen, Michaels, Kevin Ivester, it's, wouldn't, Ivester, what's, They're, they're, Olsen, Framebridge, that's, Julia Lovett, Lovett, Austin, you've, Julia Mack, Emily Stewart Organizations: Studios, Michaels, Business Locations: Chicago, Mexico, Austin, Brooklyn
But it comes with some pitfalls: In school, when my teacher called on Michael, six kids would answer. And it's my last name, Arkin, that always elicits the question, "Are you related to him?" As far back as I can remember, long before 23andMe could verify if we were or weren't related (were weren't), nearly everyone has asked that question or, better yet, "Are you one of the Arkins?" When I handed my credit card to the saleswoman, she looked at the name and asked the usual question. When he heard my name, his brow knitted, and with his signature intensity, he asked, "Do you think we could be related?"
Persons: David, Michael, Lucas, Reilly, Wyatt, Michel, Mischa, Miguel, It's, it's, I've, Alan Arkin, Michaels, Arkin, Alan, Adam, Oscar Organizations: Starbucks, Paramount Pictures, Marketing, Sundance Locations: United States
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewI love Valentine's Day decorations, especially when it comes to cute wall hangings and easy crafts. This story is available exclusively to Business Insider subscribers. My go-to stores for finding holiday merchandise are Michaels and Hobby Lobby, but I wanted to see which chain offered the best lovey-dovey items this year. Here's what it was like to shop at each craft chain in mid-January.
Persons: Organizations: Service, Business
JetBlue is the country’s sixth-largest carrier, and Spirit ranks seventh. Photo: Wilfredo Lee/Associated PressA federal judge on Tuesday blocked JetBlue Airways from acquiring Spirit Airlines , agreeing with the Justice Department that the $3.8 billion deal would eliminate a competitor important to price-conscious travelers. The Justice Department said JetBlue’s purchase of Spirit would remove an ultra-low-cost carrier that benefits travelers and puts pressure on other airlines to keep down fares. Removing Spirit as a rival would free JetBlue to raise prices by as much as 30%, the government said. JetBlue is the country’s sixth-largest carrier, and Spirit ranks seventh.
Persons: Wilfredo Lee Organizations: JetBlue, Associated Press, JetBlue Airways, Spirit Airlines, Justice Department
CNN —“Saturday Night Live” longtime executive producer Lorne Michaels has a few ideas about who may be best fit to succeed him when the comedic visionary retires. One of those potential successors could be esteemed “SNL” alum Tina Fey, whose name came up while Michaels was talking to Entertainment Tonight on the Emmys red carpet on Monday. “It could easily be Tina Fey,” he told the publication. Michaels, 79, has been affiliated with “Saturday Night Live” since creating it in 1975. Fey certainly knows enough about the ins and outs of “SNL” to join the ranks at the top, herself.
Persons: CNN —, Lorne Michaels, Tina Fey, Michaels, , Fey, ” Michaels, he’s, “ We’re, Organizations: CNN, SNL, NBC, Studio 8H
As Ukraine girds for the third year of full-scale war against Russia’s invasion, its leaders find themselves battling on a new front: keeping allies’ attention. Since Hamas militants attacked Israel on Oct. 7, prompting an overwhelming response in the Gaza Strip and beyond, Western attention has shifted to the Middle East. Diplomats and military officials are now even more focused there as the U.S. and U.K. retaliate against attacks on shipping and naval escorts by Houthi rebels allied to Iran.
Persons: Ukraine girds Organizations: Ukraine, East, Diplomats Locations: Israel, Gaza, Iran
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Persons: Dow Jones, b6cb4c46
Can a movie musical based on a Broadway musical based on a film comedy that in turn was based on a parenting book be any good? Sure — if only because the writer-producer Tina Fey and the producer Lorne Michaels have made sure that little has changed in their money-printing property since the first movie hit theaters in 2004. It’s not especially tart and is undeniably over-padded, but its charms and ingratiating likability remain intact. There, she meets nerds and jocks, alphas and betas, and attracts the notice of the queen bee, the aptly named Regina (Reneé Rapp, who played the role on Broadway). Flanked by her vassals, Karen (Avantika) and Gretchen (Bebe Wood), Regina reigns supreme at school where, as the student body’s most attentively studied subject, she is feared, desired and loathed, at times simultaneously.
Persons: Tina Fey, Lorne Michaels, Elvis Mitchell, Mark Waters, Lindsay Lohan, Ben Brantley, It’s, ingratiating, Fey, Cady, Reneé Rapp, Gretchen, Bebe Wood, Regina Organizations: New York Times Locations: Kenya, Regina
Exxon’s proposed takeover of Pioneer Natural Resources would make Exxon the largest oil producer in the Permian Basin of West Texas and New Mexico. Photo: Bloomberg NewsU.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources , which would be the largest oil-and-gas deal in two decades, according to securities filings. The Federal Trade Commission has sought additional information from the companies about the deal, a step it takes when reviewing whether a merger could be anticompetitive under U.S. law, Pioneer disclosed in a filing Tuesday. Merger investigations on average take about 10 months to complete, according to data compiled by law firm Dechert.
Persons: Exxon’s Organizations: Pioneer Natural Resources, Exxon, Bloomberg News, Natural Resources, Federal Trade Commission Locations: West Texas, New Mexico
WASHINGTON—When top Biden administration officials gathered last month at the Justice Department to announce a $4.3 billion legal resolution with Binance , one powerful regulator was absent. Attorney General Merrick Garland was there. So was Treasury Secretary Janet Yellen . But Securities and Exchange Commission Chair Gary Gensler wasn’t, even though he has his own legal beef with Binance. The SEC sued the world’s largest cryptocurrency exchange in June and has been the regulatory scourge of the crypto world.
Persons: WASHINGTON, General Merrick Garland, Janet Yellen, Gary Gensler wasn’t Organizations: Biden, Justice Department, Securities, Exchange, SEC
WASHINGTON (AP) — The newest group of Kennedy Center honorees, including comedian Billy Crystal and actor Queen Latifah, are being feted Sunday night at a star-studded event commemorating their lifetime achievement in arts and entertainment. Opera singer Renée Fleming, music star Barry Gibb and prolific hitmaker Dionne Warwick also are being honored at the black-tie gala. Bill Cosby received both honors, but they were rescinded in 2018 following his sexual assault conviction, which later was overturned. Along with his late brothers Robin and Maurice, the trio launched a nearly unmatched string of hits that defined a generation of music. Fleming sang the national anthem while Latifah performed “America the Beautiful.”
Persons: Billy Crystal, Queen Latifah, Renée Fleming, Barry Gibb, Dionne Warwick, Kennedy, Deborah F, Rutter, , Jodie Dallas, , Harry Met Sally, Bride ”, Crystal, Mark Twain, David Letterman, Steve Martin, Lorne Michaels, Lily Tomlin, Carol Burnett, Neil Simon, Bill Cosby, Burt Bacharach, Hal David, Bacharach, ” Fleming, Barack Obama, England’s Royal Academy of Music . Gibb, Robin, Maurice, Latifah, Dana Owens, Fleming Organizations: WASHINGTON, Kennedy Center, of, England’s Royal Academy of Music, Bee Locations: , Warwick, Chicago, America
Emma Stone has been married to husband Dave McCary since 2020. The couple met in 2016 on "Saturday Night Live," where McCary worked as a writer and director. December 2016: Emma Stone hosts "SNL" for the third time and meets director Dave McCaryEmma Stone during her "Saturday Night Live" monologue on December 3, 2016. According to People , it was during the filming of this sketch that Stone met McCary, who had been working as a segment director for the show since 2013. "Emma Stone gives a second life to a white dress specially designed for her wedding after-party."
Persons: Emma Stone, Dave McCary, McCary, , I've, Lorne Michaels, Stone, Dave McCary Emma Stone, Will Heath, Price, McCarys, Kyle Mooney, Andrew Garfield, Matt Thomas, Kevork Djansezian, it's, Louis Vuitton, Stephane Cardinale, Corbis, Drew Barrymore, Emma, Dave, Louise Jean McCary, Jean Louise, Stowearsars, Dimitrios Kambouris Organizations: Service, NBC, SNL, NBCU, Boys, Citi Field, San Diego Padres, Getty, Staples Center, Golden State Warriors, Los Angeles Clippers, SAG, Stone, Academy, Country, Louis, The Metropolitan Museum of Art, The Met Museum, Vogue
“I really want to be friends with a whale,” Mikey Day, the “Saturday Night Live” cast member, said this week as he stood inside the American Museum of Natural History and discussed his favorite displays. “They just look so magical.”“Sorry, it’s Thursday,” he continued. “I just came from work, and my brain is fried.”In keeping with a longstanding tradition, members of the cast of “Saturday Night Live,” deep in preparations for their upcoming show, put on tuxedos and feathery gowns to join benefactors of the American Museum of Natural History for the institution’s largest annual fund-raiser, held at the museum in Manhattan. “It’s always a nice cast bonding moment,” the “S.N.L.” cast member Bowen Yang said on a red carpet near the large dinosaur models in the Theodore Roosevelt Rotunda. “It’s like a perfect little reception for the new people.”The gala was chaired by Lorne Michaels, the creator and executive producer of “S.N.L.”; his wife, Alice Barry; the writer and actress, Tina Fey, who was once the show’s head writer; and her husband, the composer Jeff Richmond.
Persons: , ” Mikey Day, , “ It’s, Bowen Yang, Theodore Roosevelt Rotunda, Lorne Michaels, Alice Barry, Tina Fey, Jeff Richmond Organizations: American Museum of Locations: Manhattan
A stack of freshly pressed gold vinyl records at United Record Pressing. CNBCOnce considered a dying industry, the vinyl record business has undergone a remarkable multibillion-dollar resurgence in the past decade. United Record Pressing CEO Mark Michaels inspecting a vinyl record. United Record Pressing has become a major player in the vinyl market, producing approximately 40,000 records daily at its Nashville, Tennessee, facility. Recording artist Taylor Swift's entire music catalog, including her album "Red," has been pressed at United Record Pressing.
Persons: Taylor Swift, Mark Michaels, CNBC's Andrea Day, Stevie Wonder, Michael Jackson, Adele, Jack White, Michaels, Taylor Swift's Organizations: CNBC, Target, Walmart, United, Research, Recording Industry Association of America, Southern Plastics, RIAA, Vinyl, Billboard, Amazon Locations: North America, U.S, Nashville , Tennessee, Nashville
The U.S. Securities and Exchange Commission in Washington, whose special courts are accused of robbing defendants of the right to a jury trial. Photo: Ariel Zambelich/The Wall Street JournalWASHINGTON—The Supreme Court on Wednesday will consider a case that could severely limit the Securities and Exchange Commission’s use of its special in-house courts to punish wrongdoers. Critics have complained about the SEC’s special courts for years, saying they rob defendants, including those accused of fraud, of their right to a jury trial. Administrative law judges, who preside in the in-house courts, are supposed to be independent but are appointed by the same commissioners who authorize the enforcement cases that the judges hear.
Persons: Ariel Zambelich, wrongdoers, Critics Organizations: U.S . Securities, Exchange Commission, Street Journal WASHINGTON, Securities, Exchange Locations: Washington
(Overstock.com bought Bed Bed & Beyond’s brand out of bankruptcy and has relaunched it online, complete with the 20% coupons.) Burlington, Michaels, Barnes & Noble, Ollie’s Bargain Outlet, Macy’s, HomeGoods and other chains have replaced old Bed Bath & Beyond stores. The majority of Bed Bath & Beyond’s stores are in the suburbs of mid-size and large cities, and are under 50,000 square feet. Bed Bath & Beyond spaces have been grabbed up swiftly at rents of up to 50% what Bed Bath & Beyond was paying, according to commercial real estate investment firm CBRE. Kimco Realty, a real estate owner with 26 former Bed Bath & Beyond leases, said that new leases were 38% higher than Bed Bath & Beyond rents.
Persons: Michael O’Sullivan, Barnes, Noble, hasn’t, Warby Parker, Brandon Isner, CBRE’s, , TJ Maxx, REI Organizations: New, New York CNN, Sears, Circuit, Kmart, Burlington, Bed, Kimco, Sports Authority Locations: New York, Burlington, . Burlington, Michaels, Kimco, HomeGoods
Not only does it mean an additional game on Prime Video that Amazon hopes to make into a yearly tradition, but it comes on the busiest shopping day of the year. Hans Schroeder, the executive vice president of NFL Media, said the league had been exploring the possibility of adding a game on Black Friday for a while. Adding a Black Friday game gives the NFL another day to take over. According to Nielsen, the most-viewed Amazon game came in Week 2 this season when the Philadelphia Eagles hosted the Minnesota Vikings. NFL games are averaging 17.1 million viewers through 11 weeks, which is a 6% increase over last season.
Persons: We’re, Jay Marine, Hans Schroeder, ” Schroeder, , Amazon, Garth Brooks, “ I’m, , Al Michaels, Kirk Herbstreit, there’s, Tim Boyle, Aaron Rodgers, Tua Tagovailoa, Hill, ___ Organizations: Miami Dolphins, New York Jets, NFL, NFL Media, Amazon, Shopping Network, Nielsen, Philadelphia Eagles, Minnesota Vikings, Jets, AFC East, Dolphins Locations: X’s
Binance skirted regulation to become the world’s largest cryptocurrency exchange by trading volume. Now, the company will plead guilty to violating anti-money-laundering requirements in the U.S. and agree to pay $4.3 billion in fines. Photo: Benoit Tessier/ReutersThe king of crypto’s largest outlaw empire told employees for years that he would never turn himself in. But on Tuesday, a jittery Changpeng Zhao showed up in a Seattle federal court to plead guilty to violating U.S. money-laundering rules. So this is new to me,” Zhao told a judge.
Persons: Benoit Tessier, Zhao, “ I’ve, I’ve, ” Zhao Locations: U.S, Seattle
CNN —More than 70 years after Disney had a cricket sing about wishing upon a star, “Wish” picks up that theme, in an animated movie that desperately wants to thaw out some of the studio’s “Frozen” magic. Hailing from members of that movie’s creative team, “Wish” doesn’t quite reach the stars, but it does shine intermittently while introducing another plucky teenage female heroine, gamely voiced by Ariana DeBose. The movie does however celebrate the power of wishes, and in the process, decades of Disney history. By that measure, “Wish” mostly delivers – a credible addition to Disney’s long filmography, even if it’s not exactly a dream come true. “Wish” will offer early-access screenings on November 18 and open wide in US theaters on November 22.
Persons: , gamely, Ariana DeBose, Julia Michaels, Benjamin Rice, Bruno, Asha, , King Magnifico, Chris Pine, Chris Buck, Fawn Veerasunthorn, “ Raya, Jennifer Lee, Allison Moore, , Alan Tudyk’s, Valentino, it’s, Indiana Jones Organizations: CNN, Disney, Locations: Rosas, , Magnifico
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