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☆ This couple went on one cruise together. Now, they're moving onto a never-ending residential cruise ship.
▼ + stars: | 2024-08-24 | by ( Brittany Chang | ) www.businessinsider.com time to read: +8 min

AdvertisementThat is, until this spring, when Canen and Bodin, both 54, uprooted their lives in Maui, Hawaii, to move onto a new residential cruise ship called Villa Vie Odyssey. AdvertisementThe couple sold their business in MauiBodin told BI that before Villa Vie, the couple had never really considered leaving Maui. "We went pretty much every day for two weeks and spent all day there until they kicked us off," Canen told BI. AdvertisementBefore committing to Odyssey, Canen and Bodin looked into Storylines, which plans to construct its own residential cruise ship, MV Narrative. AdvertisementAre you sailing on a residential cruise ship like Villa Vie or have a tip?

Persons: —, Lanette Canen, Johan Bodin, Canen, Bodin —, we'd, Bodin, Mikael Petterson, Fred Olsen Cruise, Lanette, Villa Vie's, Villa, Maui Bodin, they've, Petterson, Villa Vie, We're, Angela, Stephen Theriac Canen, they'd, Kendra Holmes, they're Organizations: Service, Business, Villa, Residences, Fred Olsen Cruise Lines, South Pacific, YouTube, Sea Cruises, Cruises, Victoria Cruises Locations: Maui, Hawaii, Europe, Asia, Australia, South, North America, Africa, Belfast, Ireland, Braemar, Maui —, Italy, Croatia, Slovenia, Sweden, Canary, Norwegian, Villa Vie, Canen, Petterson

☆ 3 reasons why rising unemployment isn't signaling a recession, Goldman says
▼ + stars: | 2024-07-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Read previewThe US unemployment rate is up nearly 0.5% from its cycle low on a three-month moving average basis, which has historically been a reliable indicator that an economic recession is near. But even if the Sahm Rule does officially trigger, this time is different, according to Goldman Sachs. Advertisement"Job growth is far from weak, and with final demand still growing at a robust pace, it appears set to remain fairly solid," Goldman Sachs said. "The Fed has 525bp of room to cut and no reason to hesitate anymore if it needs to push back," Goldman Sachs said. AdvertisementTemporary 'frictions' drive unemployment rateAccording to the bank, some of the rise in the unemployment rate has been driven by "temporary labor market frictions."

Persons: —, Goldman Sachs Organizations: Service, Business, Goldman, Federal Reserve

☆ Behind the Unrest in Kenya, a Staggering and Painful National Debt
▼ + stars: | 2024-06-26 | by ( Patricia Cohen | Keith Bradsher | ) www.nytimes.com time to read: +1 min

The underlying cause, though, are the billions of dollars their government owes its creditors. Kenya has the fastest growing economy in Africa and a vibrant business center. Interest payments alone are eating up 27 percent of the revenue collected. But the debts that are causing misery in Kenya and across Africa remain. More than half the people on the continent live in countries that spend more on interest payments than they do on health or education.

Persons: William Ruto Organizations: United Nations Conference, Trade, Development Locations: Kenya, Africa

☆ Top Wall Street analysts like these 3 stocks for their growth prospects
▼ + stars: | 2024-04-14 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Top Wall Street analysts are calling out their favorite stocks with a focus on their long-term growth prospects. To that end, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Ahead of the company's quarterly results, several analysts have been reaffirming their bullish views on the stock. The top line gained from increased sales volumes of golf balls, clubs and golf gear under the company's Titleist brand. Tigress Financial analyst Ivan Feinseth reaffirmed a buy rating on GOLF stock and increased the price target to $74 from $68.

Persons: James Lee, AMZN, Lee, TipRanks, Ivan Feinseth, Feinseth, Acushnet, Goldman Sachs, Kate McShane, McShane, BJ Organizations: Wall, Amazon Web Services, Amazon, Holdings, Acushnet Holdings, Tigress, Acushnet, BJ's, Wholesale

☆ Japan's same-sex marriage ban is unconstitutional, high court says
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: +1 min

A high court in Japan on Thursday said the country's ban on same-sex marriage was unconstitutional, ruling on a matter that has divided lower levels of the judiciary and put the conservative government at odds with shifting public opinion. Japan is the only member of the Group of Seven industrialized nations that doesn't offer legal protection for same-sex unions. Although polls show 70% public support for same-sex unions, they are opposed by the Liberal Democratic Party of Prime Minister Fumio Kishida. "Enacting same-sex marriage does not seem to cause disadvantages or harmful effects," the court said. The government will eye other upcoming court decisions, its top spokesperson, Yoshimasa Hayashi, told a briefing.

Persons: Fumio Kishida, Eri Nakaya, Fumiyasu Tsunamori, Yoshimasa Hayashi Organizations: Valentine's, Rights, Liberal Democratic Party of Prime Locations: Shinagawa, Japan, Tokyo, Sapporo

☆ Costco misses holiday-quarter revenue expectations despite online growth
▼ + stars: | 2024-03-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Costco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Costco's revenue for the quarter increased from $55.27 billion in the year-ago period. Fresh foods were up high single digits and nonfoods were up mid single digits. Ancillary businesses, which includes more service-related purchases like travel, were up by low single digits, he said. In the second quarter, Costco opened four new clubs, including three in the U.S. and one in Shenzhen, China.

Persons: Richard Galanti, Galanti, it's, Kirkland Organizations: Costco, LSEG, U.S ., Costco Business Centers Locations: U.S, Puerto Rico, Canada, Mexico, Japan, China, Shenzhen

☆ Federal judge in Texas says agency created to help minority-owned businesses must provide assistance to all races
▼ + stars: | 2024-03-06 | by ( Devan Cole | ) edition.cnn.com time to read: +4 min

Washington CNN —A federal judge in Texas said Tuesday that a US Commerce Department agency intended to help minority-owned businesses must offer assistance to all individuals, regardless of race, agreeing with White business owners who claimed that its policies were unconstitutional. Because they aren’t on the Agency’s magic list, the Agency presumes they aren’t disadvantaged,” Pittman wrote. Time’s up.”The MBDA is one of the only federal agencies focused exclusively on developing and advocating for minority-owned businesses. In recent years, conservatives have increasingly turned to federal courts in Texas to challenge certain federal programs and actions. “To the extent the MBDA offers services pursuant to an unconstitutional presumption, that’s fifty-five years too many,” Pittman said in his latest ruling.

Persons: Mark Pittman, Donald Trump, Pittman, …, ” Pittman, ”, Nixon, “, ’ ”, MBDA Organizations: Washington CNN, US Commerce Department, US, Minority Business Development Agency, Latino, Agency, US Department of Commerce, Fort, Northern, Northern District of, Biden, “, Centers Locations: Texas, Asian, Fort Worth, Northern District, Northern District of Texas, SFFA

☆ Turkish annual inflation soars to 67% in February
▼ + stars: | 2024-03-04 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations. Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month. The combined sector of hotels, cafes and restaurants saw the greatest annual price inflation increase at 94.78%, followed by education at 91.84%, while the rate for health stood at 81.25% and transportation at 77.98%, according to the statistical institute. "Obviously a disappointing set of inflation prints this morning," Timothy Ash, emerging markets strategist at BlueBay Asset Management, wrote in a note. He added that this development has "continued to put downward pressure on the lira," creating an inflation pass-through.

Persons: Liam Peach, Mehmet Simsek, Turkey's, Timothy Ash, Ash Organizations: Turkish Statistical Institute, Reuters, Food, Economics, Capital Economics, Turkish, BlueBay Asset Management, FX Locations: Sariyer, Istanbul, Turkish, London

☆ Four Western leaders arrive in Kyiv to show solidarity on 2nd war anniversary
▼ + stars: | 2024-02-24 | by ( ) www.cnbc.com time to read: 1 min

A view of the damaged business center after a Russian missile attack on December 29, 2023 in Kyiv, Ukraine. Russia attacked Ukraine's capital with cruise missiles and drones. Four Western leaders, including the prime ministers of Italy, Canada, and Belgium, arrived in Kyiv on Saturday to show solidarity with Ukraine on the second anniversary of Russia's invasion. Italy's Giorgia Meloni, Canada's Justin Trudeau, Belgium's Alexander De Croo and the president of the European Commission, Ursula von der Leyen, travelled to the Ukrainian capital together overnight by train from neighboring Poland, the Italian government said in a statement. Meloni was due to host a videoconference later in the day from Kyiv that will involve leaders from the Group of Seven major democracies, with Ukrainian President Volodymyr Zelenskiy invited to join the discussion.

Persons: Giorgia, Canada's Justin Trudeau, Belgium's Alexander De Croo, Ursula von der Leyen, Meloni, Volodymyr Zelenskiy Organizations: Ukraine's, European Commission Locations: Russian, Kyiv, Ukraine, Russia, Italy, Canada, Belgium, Poland

☆ 5 hotel perks that make work trips both fun and productive for business travelers
▼ + stars: | 2024-02-15 | by ( Mariette Williams | ) www.businessinsider.com time to read: +8 min

Strong WiFi, a business center, and food service are some of the recommended perks. This article is part of "Business Travel Playbook," a series about making the most of work travel. Business travel slowed significantly when the pandemic hit in 2020, but it's rebounding. Last year, the Global Business Travel Association predicted global business-travel spending would reach $1.4 trillion in 2024 . She makes a point to explore a destination on each business trip, she said — even if she's been there before.

Persons: —, Karen Mitchell, Jen Catto, Jill Johnson, Johnson, Samantha Drucker, Catto, Mitchell, Drucker, she's Organizations: Service, Global Business Travel Association, Business, Institute for Entrepreneurial Leadership, Puget Sound Locations: New York, Florida, New Delhi, India, Oakland , California, Seattle

☆ U.S. Targets Russian Businesswoman, Saying She Helped Oligarchs Evade Sanctions
▼ + stars: | 2023-11-03 | by ( Angus Berwick | Andrew Duehren | ) www.wsj.com time to read: 1 min

Moscow’s international business center, where Garantex is based. Photo: Agence France-Presse/Getty ImageThe U.S. Treasury Department sanctioned a Russian businesswoman Friday who it said helped Russian oligarchs and cybercriminals use cryptocurrencies to evade U.S. sanctions. Ekaterina Zhdanova, 37, used digital currencies to facilitate large cross-border transactions, taking advantage of platforms with weak compliance controls such as a Russian crypto exchange called Garantex that the U.S. sanctioned last year, Treasury said in a statement.

Persons: Ekaterina Zhdanova Organizations: Agence France, . Treasury Department, Treasury Locations: Russian

☆ Bezos' Blue Origin sees third executive departure amid restructuring
▼ + stars: | 2023-10-20 | by ( Joey Roulette | ) www.reuters.com time to read: +3 min

Eilola's departure follows plans announced last month by Bezos to replace Smith, who has been Blue Origin's CEO since 2017, with longtime Amazon executive Dave Limp by the end of the year. Blue Origin did not respond to a request for comment. Bezos founded Blue Origin in 2000 with the vision of having millions of people living and working in space. In the past several months, Blue Origin's corporate structure has changed substantially as its leadership gets a revamp. Blue Origin this year also spun its moon lander program into a new independent business unit.

Persons: Jeff Bezos's, Ivan Pierre Aguirre, Origin's, Jeff Bezos, Bob Smith, Mike Eilola, Bezos, Smith, Dave Limp, Brent Sherwood, Shepard, Limp, Joey Roulette, Will Dunham Organizations: Shepard, REUTERS, Rights, Reuters, Elon, SpaceX, Blue, Amazon, Honeywell Aerospace, Glenn, NASA, Space Systems, Thomson Locations: Van Horn , Texas, U.S, United States

☆ Here's a 5-step guide for frequent business travelers to unlock productive and stress-free trips
▼ + stars: | 2023-10-13 | by ( Sponsor Post | Created Insider Studios With Ihg | ) www.businessinsider.com time to read: +6 min

Consider this guide your roadmap for transforming your next business trip into a stress-free and enjoyable experience. Over 5,000 IHG hotels worldwide now offer Wi-Fi Auto Connect – an effortless way to automatically join the internet without separate login codes or passwords. Enrolling in IHG Business Rewards also earns frequent business travelers points every time you book accommodations, meetings, and events. Learn how IHG Hotels & Resorts can accommodate your next business trip. This post was created by Insider Studios with IHG Hotels & Resorts.

Persons: it's, shouldn't Organizations: JTB Business, Resorts, Insider Studios, IHG Hotels Locations: American, Lion City, Crowne, InterContinental

☆ Ukraine's drone campaign plans to exhaust Russia's air defenses, disable its bombers, and damage military production, says spy chief
▼ + stars: | 2023-09-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Ukraine's head of defense intelligence discussed his military drone campaign with The Economist. He said Ukraine is targeting air defenses, military sites, and military production facilities. In a wide-ranging interview with The Economist, Lieutenant-General Kyrylo Budanov, outlined his three main objectives for Ukraine's drone strikes against Russia. Meanwhile, drone attacks in the Russian capital are causing frequent disruptions at Moscow's main international airport. Budanov in the interview rejected criticisms that the attacks could escalate the war and said Ukraine was not targeting Russian civilians.

Persons: Kyrylo Budanov, Budanov, ALEXANDER NEMENOV Organizations: Service, Russia, Moscow International Business, Getty, West, Drones, Economist Locations: Ukraine, Crimea, Wall, Silicon, Moskva City, Moscow, AFP, Russia, Sevastopol, Tver

NEW YORK (AP) — Shares of U.K. chip designer Arm Holdings rose 10% in their stock market debut, in what is the largest initial public offering of shares in nearly two years. Arm's offering is an important development for the IPO market, which has seen relatively few companies go public the past two years. Nearly 400 companies went public in 2021 as the stock market rallied for a third straight year, according to IPO tracker Renaissance Capital. Arm was previously a public company from 1998 to 2016. Goldman is one of the lead underwriters for the Arm IPO, as well as an offering from grocery delivery service Instacart, expected next week.

Persons: It's, Goldman Sachs, Rivian, Masayoshi Son, Softbank, Son, Rene Haas, Haas, Goldman, ___ Kageyama Organizations: Arm Holdings, Nasdaq, Renaissance, Federal Reserve, SoftBank, Nvidia, University of California, underwriters Locations: University of California Berkeley, IPOs, Wall, Tokyo

☆ Apple buying Disney would be a storybook ending for Iger, but fairy tales aren't real
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Apple co-founder Steve Jobs became Disney's largest individual shareholder after Disney acquired Pixar, then owned by Jobs, for $7.4 billion in 2006. The deal also gave Jobs a seat on the Disney board and fostered a close friendship between Jobs and Disney Chief Executive Bob Iger. Buying Disney wouldn't even classify as a bet-the-company transaction. Still, it's not clear Apple would have any interest in buying Disney. On one hand, buying Disney would supercharge those fledging businesses, which could help with Apple device churn while growing subscription revenue.

Persons: Will Apple, Steve Jobs, Bob Iger, Iger, Jobs, Steve, Steve —, it's, Apple, Apple hasn't, that's Organizations: Apple, Beats Electronics, Microsoft, Activision Blizzard, Disney, Pixar, Jobs, ESPN

☆ 'The war is coming home to Russia': Ukraine turns the tables on Moscow as drone warfare intensifies
▼ + stars: | 2023-09-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

"The war is coming home to Russia," Timothy Ash, emerging markets strategist at BlueBay Asset Management, said in emailed comments Wednesday. Alexander Nemenov | Afp | Getty ImagesAerial assaults have intensified in recent days with strikes occurring further into Russian territory. Drone warfareRussia blamed Ukraine for the latest drone attacks while Ukraine remained characteristically tight-lipped about these, and previous, assaults. Ukraine has been targeted with thousands of Russian drone attacks during the 19-month-long conflict, with its energy, defense and civilian infrastructure pummeled by swarms of Iranian-made UAVs. Experts agree that Ukrainian forces direct attempts to attack Russian territory and are likely to be assisted by disaffected anti-war Russians at times.

Persons: Vladimir Putin, Alexey Nikolsky, Timothy Ash, Putin, Ash, Alexander Nemenov, Mikhail Razvozhaev, Vladimir Putin's, Kirill Shamiev, Shamiev, Volodymyr Zelenskyy, Zelenskyy Organizations: Afp, Getty, Russian, BlueBay Asset Management, Police, Moscow International Business, Reuters, Russian Ministry of Defense, European Council, Foreign Relations, CNBC, Kremlin, Kyiv, Ukrainian Armed Forces Locations: Orenburg, Russia, Moscow, Russian, Crimea, Ukraine, Kerch, Bryansk, Sevastopol, Kyiv

☆ Live updates: Three drones downed in Moscow region, mayor says; Russia strikes Ukraine's Danube grain facilities
▼ + stars: | 2023-08-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

A building of the Moscow International Business Center, Moskva City, damaged after a drone attack on Aug. 23, 2023. Russia's Defense Ministry on Wednesday thwarted an overnight Ukrainian drone attack on Moscow, downing three drones, the city's mayor Sergei Sobyanin said. No casualties and only minor damage were reported in the sixth consecutive day of similar reported incidents on the capital. "This night, air defense shot down a drone in the Mozhaisk district of the Moscow region. The Defense Ministry said air defense forces had shot down two of the three drones over the wider Moscow region's Mozhaisky and Khimki districts.

Persons: Sergei Sobyanin, Sobyanin, — Karen Gilchrist Organizations: Moscow International Business, Russia's Defense, Defense Ministry, Mozhaisky, Moscow City Locations: Moskva City, Moscow, Mozhaisk, City, Khimki, Ukraine

☆ Ukraine lacks the drone capacity to strike enough targets in Russia to erode its 'will to fight,' retired US colonel says
▼ + stars: | 2023-08-20 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Ukraine lacks the drone capacity to conduct significant strikes in Russia, a war analyst says. Recent months have seen a spate of drone attacks in occupied Crimea and Moscow. Recent months have seen a spate of drone attacks in occupied Crimea and Moscow. Indeed, a reported Ukrainian drone strike Friday caused Moscow to shut down all four of its major airports, CNN reports. Ukraine can only use its own drones to strike inside Russia because of restrictions on using NATO weapons on Russian territory.

Persons: Bob Hamilton, Boris Alekseev, Yuriy Sak, Kelly Grieco Organizations: NATO, Service, Washington Post, CNN, US Army, Foreign, Research, Eurasia Program, Post, Moscow International Business Center, Anadolu Agency, Getty, Stimson, Army Tactical Missile Locations: Ukraine, Russia, Crimea, Moscow, Wall, Silicon, Ukrainian, Kyiv, United States

☆ Why Russia's defenses are so effective: Deep minefields, adaptable drones, and electronic warfare are proving formidable in Ukraine, experts say.
▼ + stars: | 2023-08-02 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +7 min

Russia's defenses are proving effective in frustrating the Ukrainian counteroffensive. Its use of mines, adaptable drones, and electronic warfare are particularly formidable, experts said. He said there were often more than four rows of minefields in front of the Russian defensive lines. A retired Australian general Mick Ryan appears to agree with Lewis, telling The Economist on Monday that Russia's defensive lines are "much more complex and deadly than anything experienced by any military in nearly 80 years." Justin Bronk, a senior research fellow with RUSI, told Newsweek that Ukraine's "Beaver" drones appear to be vulnerable to Russia's electronic defense systems.

Persons: Oleksandr Tarnavskyi, Maxar David Lewis, Mick Ryan, Lewis, it's, Steve Wright, Wright, ALEXANDER NEMENOV, Justin Bronk, RUSI, Russia doesn't, Mark Milley, Birmingham's Jaroslava Barbieri Organizations: Service, BBC, Royal United Services Institute, Storm, Ukrainian, Police, Moscow International Business, Getty Images, Newsweek, Moscow Sunday, Reuters, Associated Press, University, Birmingham's, Ukraine's Ministry of Defense Locations: Russia, Wall, Silicon, Ukraine, Russian, Kherson, Dnipro, Russia's, Australian, RUSI, AFP, Ukrainian, Kyiv

☆ Drones target Russian capital on eve of military parade attended by Putin
▼ + stars: | 2023-07-30 | by ( Leila Sackur | ) www.cnbc.com time to read: +4 min

Three Ukrainian drones were downed over Moscow early on July 30, 2023, Russia's defence ministry said, in an attack that briefly shut an international airport. While one of the drones was shot down on the city's outskirts, two others were "suppressed by electronic warfare" and smashed into an office complex. (Photo by Alexander NEMENOV / AFP) (Photo by ALEXANDER NEMENOV/AFP via Getty Images)Russian officials say they shot down three Ukrainian drones targeting Moscow early Sunday, hours before the start of a major military parade attended by President Vladimir Putin. "There is always something flying in Russia, including in Moscow," Ukrainian air force spokesman Yurii Ihnat said on Ukrainian national television. Since the invasion of Ukraine, Iran has become Russia's top military supporter, selling self-detonating "Shahed" drones and unmanned UAVs to Moscow.

Persons: Alexander NEMENOV, ALEXANDER NEMENOV, Vladimir Putin, Yurii Ihnat, Putin, Shahram Irani, Dmitry Medvedev, Medvedev Organizations: Moscow International Business, Moscow, Getty Images, Vnukovo International, TASS, Ukrainian, country's Security Locations: Moskva City, Moscow, city's, AFP, Russian, —, Kyiv, Ukraine, Russia, St . Petersburg, U.K, Iran

☆ Ukraine drones hit Moscow, injuring at least one and suspending flights: Russian state media
▼ + stars: | 2023-07-30 | by ( ) www.cnbc.com time to read: +1 min

Police officers block off an area around a damaged office block of the Moscow International Business Center (Moskva City) following a reported drone attack in Moscow on July 30, 2023. Ukrainian drones attacked Moscow early on Sunday, injuring one, damaging buildings and suspending flights at Vnukovo airport, TASS news agency said, citing officials. One person was injured as a result of a blast in a building, TASS said, citing emergency services. Mayor Sergei Sobyanin said earlier the facades of two office buildings had been slightly damaged but that there were no casualties, TASS reported. Russia said on Monday it would retaliate harshly against Ukraine after two drones damaged buildings in Moscow, with one strike close to the building where the military holds briefings on what Russia calls its "special military operation" in Ukraine.

Persons: Sergei Sobyanin, Mykhailo Fedorov Organizations: Moscow International Business, TASS, Russia's Defence Ministry, Ukraine, Russia Locations: Moskva City, Moscow, Vnukovo, Ukrainian, Odintsovo, Ukraine, Russia

According to Russian state media outlet, TASS, a drone hit a high-rise business center on Likhacheva Avenue in Moscow. Traffic on Komsomolsky Avenue from the center of Moscow towards the region has been blocked off, TASS reported citing the Department of Transportation and Road Infrastructure Development of Moscow. A police officer blocks a road following a reported drone attack in central Moscow on July 24, 2023. Those include a drone attack on Moscow in May, which damaged two buildings and and injured two people for which Ukraine denied direct involvement. Earlier this month, Russia said it “destroyed or neutralized” five Ukrainian drones in what it described as a “terrorist” attack.

Persons: Sergei Sobyanin, ”, Shamil Zhumatov, Volodymyr Zelensky Organizations: CNN, Moscow, Russia’s Ministry of Defense, ”, Unmanned, Vehicles, TASS, Department of Transportation, Infrastructure, Russian, Ukrainian, Ukraine Locations: Ukrainian, Moscow, Ukraine, Kiev, “, Kyiv, Odesa, Russia

☆ Plans for the world's largest Costco warehouse are under review, but customers would only be able to shop in part of it
▼ + stars: | 2023-07-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Costco is seeking to build a new 241,342 square-foot warehouse in Fresno, California. The facility would replace an existing location and combine ecommerce fulfillment under one roof. This would be the wholesale club's largest warehouse, but shoppers would only be able to access part of the location. Target has gone all-in on using its stores to fulfill orders, and Walmart has used its stores for e-commerce fulfillment for years. The Salt Lake City location also opened as a hybrid concept, with a general members store and a dedicated business center for commercial customers under one roof.

Organizations: Costco, Service, Walmart, Fresno Bee Locations: Fresno , California, Wall, Silicon, Salt Lake City , Utah, Target, Salt Lake City, Fresno, Fresno . City

☆ Sony's growing exposure to anime content makes it a top stock to buy, according to Goldman Sachs
▼ + stars: | 2023-07-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Sony's growing exposure to anime content makes it a top stock to own, according to Goldman Sachs. The bank upgraded Sony to "Buy" and added the stock to its conviction list with a price target suggesting 29% upside. "We believe Crunchyroll... is well-placed to benefit from accelerating Japanese anime consumption overseas," Goldman said. The quality of content is a sticking point for many anime fans, and Goldman said Sony can play to that strength by acquiring and developing exclusive anime content that drives fans to sign up for the service. Accordingly, we expect Sony's future earnings to be less dependent on the single-year game and entertainment content pipeline than before," Goldman said.

Persons: Goldman Sachs, Goldman, Crunchyroll Organizations: Sony, Service Locations: Wall, Silicon, Tokyo, Crunchyroll

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