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☆ NATO is planning for mass medical evacuations in case of a war with Russia: report
▼ + stars: | 2024-09-28 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

NATO is planning for the mass transport of wounded troops in case of a war with Russia. NATO could use hospital trains and buses to move injured troops in such an event, a German general told Reuters. The general's comments come amid increasing tension between NATO and Russia. AdvertisementNATO is developing plans to manage the evacuation of large numbers of wounded troops in case of a war with Russia, a senior military officer told Reuters. Germany's defense minister, Boris Pistorius, said in an interview published in January that Russia could attack NATO within the next decade.

Persons: —, General Alexander Sollfrank, Sollfrank, Vladimir Putin, Volodymyr Zelenskyy, Putin, Vyacheslav Volodin, Volodin, Boris Pistorius, Pistorius, Der Tagesspiegel Organizations: NATO, Reuters, Service, Command, British Storm Shadow, New York Times, Russia's Duma, Business Locations: Russia, Western, warzones, Afghanistan, Iraq, Russian, Moscow, United States

☆ The mistake that put Russian hacker Vladislav Klyushin behind bars
▼ + stars: | 2024-08-23 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

The cybersecurity scam targeted well-known American companies like Skechers, Snapchat and Roku. As Vladislav Klyushin's cybersecurity scam grew, collecting more than $93 million in less than three years, the FBI's investigation was closing in on unraveling his scheme. CNBC's new original podcast series "The Crimes of Putin's Trader" takes you inside the mission to put Klyushin behind bars. The third episode of the podcast details how Klyushin made a critical mistake, finally opening the door for U.S. law enforcement to step in. The latest episode of the original podcast series takes listeners through the action – right up to when Klyushin steps off the plane in Switzerland, completely unaware of his catastrophic mistake.

Persons: Klyushin, Vladislav Klyushin's cybersecurity, Vladislav Klyushin, Eamon Javers, —, you've, Steven Frank, Javers, Frank, we're Organizations: FBI, U.S, U.S . Department of Justice, CNBC, Washington, Swiss Federal Police Locations: Russian, Russia, Moscow, U.S, Switzerland

☆ DirecTV is pushing its pay TV bundle — without a satellite dish
▼ + stars: | 2024-08-12 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +7 min

The "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service. Courtesy: DirecTVCoach Prime wants consumers to know they can watch DirecTV without a satellite dish. As pay TV distributors — both satellite and cable companies — have seen customers flee for streaming, DirecTV is trying to get the message out that a clunky satellite dish is no longer needed for its service. Satellite TV providers like DirecTV and EchoStar's Dish were once some of the biggest distributors of the TV bundle. Sticking with sportsThe "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service.

Persons: Deion Sanders, Steve Buscemi, Henry Winkler, Vince Torres, it's, Torres, Shedeur Sanders, —, Winkler's Frank, Bobby, Buscemi, There's, Sanders, Tinker Bell, Cord, Pavlo Gonchar, Craig Moffett, what's, Moffett, DirecTV's Organizations: DirecTV, NFL, Colorado, Colorado Buffaloes, Nebraska Cornhuskers, Folsom, NBA, NHL, NCAA's Colorado Buffaloes, Lightrocket, Satellite, TPG, AT, Hulu, Sling, YouTube, Netflix, Comcast, Charter Communications Locations: Colorado, Boulder ,, New York City

☆ Carpenter ants are the only other animals known to amputate besides humans, researchers say
▼ + stars: | 2024-07-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

But over time, some species — including Camponotus floridanus, also known as carpenter ants — have evolutionarily lost them. “I wanted to see how an ant species that cannot use antimicrobial compounds to treat wounds would care for their injured,” Frank said. “In tibia injuries, the flow of the hemolymph was less impeded, meaning bacteria could enter the body faster. The researchers observed that ant-assisted amputations took about 40 minutes to complete, which is why the insects appeared to opt for femur amputations, but not tibia amputations. “We will keep studying wound care behavior in other ant species and try to understand its evolutionary origins,” Frank said.

Persons: Camponotus floridanus, Erik Frank, ” Frank, Frank, “, weren’t, Dany Buffat, Bart Zijlstra, Dr, Laurent Keller, Frank said, amputations, ” Keller, Keller Organizations: CNN, University of Würzburg, Switzerland’s University of Lausanne, University of Lausanne, “ Workers Locations: Florida, Germany’s, Bavaria, Ivory Coast, United States

☆ Why do brown eggs cost more than white eggs? Blame the bird
▼ + stars: | 2024-05-04 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +5 min

New York CNN —It’s a moment many shoppers grapple with at some point during a grocery run: Why does a carton of brown eggs cost more than a carton of white eggs? “It costs more to make a dozen brown eggs because the chickens that produce them tend to eat more.”Egg farmers say brown and white eggs are closely matched in their nutritional value. “If there’s brown eggs next to white eggs, typically you’re going to pay anywhere between 10% to 20% more for brown eggs, regardless of free range or organic,” he said. Brown eggs generally cost more in stores than white eggs. Looking specifically at the economics of producing brown eggs versus conventional white eggs, Anderson confirmed it does indeed cost more to produce the brown variety.

Persons: New York CNN —, It’s, ”, Daniel Brey, Brey, ” Brey, Edmund McNamara Edmund McNamara, Rose, Joan Frank, “, ” Frank, McNamara, Phil Lempert, David Anderson, ” Anderson, Brown, Edmund McNamara, they’ve, Anderson Organizations: New, New York CNN, Rhode Island Reds, United States Department of Agriculture, University of California, David Department of Nutrition, Texas, M University Locations: New York, Jeffersonville , New York, Norwich , NY, New York’s Westchester County

☆ AMC exec has regrets about that 'Dune: Part Two' popcorn bucket
▼ + stars: | 2024-04-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

You know the "Dune: Part Two" popcorn bucket? An AMC exec told Variety they never would have made them if AMC knew how people would react. AdvertisementThe viral "Dune: Part 2" popcorn bucket has left one AMC Theatres exec with a bit of regret. Frank said the company is continuing to "learn and evolve" its collectible popcorn bucket business. "It's a material part of our food and beverage business, but it's not the majority of it," Frank told Variety.

Persons: —, Elizabeth Frank, Frank, it's, Variety, Barbie, Wonka Organizations: AMC, Service, Variety, Business, eBay, Hollywood Reporter, Hollywood, Disney

☆ Everything former Nickelodeon stars have said in response to the docuseries 'Quiet on Set'
▼ + stars: | 2024-03-29 | by ( Olivia Singh | ) www.businessinsider.com time to read: +23 min

Former Nickelodeon stars are speaking out after Investigation Discovery's docuseries "Quiet on Set." AdvertisementInvestigation Discovery's docuseries "Quiet on Set: The Dark Side of Kids TV" has cast a shadow over Nickelodeon's legacy in children's TV. AdvertisementIn the meantime, here's everything former Nickelodeon stars have said since the release of "Quiet on Set." After coming forward about being sexually abused as a teen, Drake Bell called Nickelodeon's response 'empty'Drake Bell in episode two of the Investigation Discovery docuseries "Quiet on Set: The Dark Side of Kids TV." Josh Peck said that he contacted his 'Drake & Josh' costar Drake Bell privately to offer his supportJosh Peck and Drake Bell on season four of "Drake & Josh."

Persons: Discovery's, Drake Bell, Alexa Nikolas, —, Dan Schneider, Kate Taylor, Schneider, he'd, Nicole Bristow, Nikolas, Dan, doesn't, it's, Bell, Brian Peck, Sarah Fraser, Nickelodeon's, Peck, Tom DeSanto's, Drake, DeSanto, Josh, Josh Peck, Beth, Rich Correll, Raquel Lee Bolleau, Bolleau, Devon Werkheiser, Lindsey Shaw, Daniel Curtis Lee, Frazer Harrison, costars Lindsey Shaw, Werkheiser, Daniel, Zoey, Jack Salvatore, Mark Del Figgalo, Nickelodeon Salvatore, Sam, Salvatore, Jennette McCurdy, BooG, Bobby Bowman, Nancy Sullivan, Miranda Cosgrove, Jonathan Goldstein, WireImage Sullivan, Audrey Parker, Nichols, Sullivan, Bryan Hearne, Hearne, Tracey Brown, Madisyn Shipman, Shipman, Abby Wilde, Stacey Dillsen, They're, who's, Chris Massey, Michael, …, Massey, Michael Barret, Angel Massey, @chrismasseytmb, DAN, Allie DiMeco, DiMeco, Rosalina, Leon Frierson, Dan Schneider's, Frierson, I'm, Amber Frank, Frank, Kenan Thompson, Christopher Polk, Thompson, Kenan, Kel, I've, that's Organizations: Nickelodeon, Service, Business, YouTube, Eat, Kids, Disney Channel, Entertainment, Getty Locations: Hollywood

☆ Lululemon shares plunge 16% on weak guidance, slowing North America growth
▼ + stars: | 2024-03-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

The retailer reported holiday earnings on Thursday evening that topped expectations, but showed that its growth in North America is stagnating. During the quarter, sales rose 9% in the Americas, compared to 29% growth in the year-ago period. For the current quarter, Lululemon expects net revenue to be between $2.18 billion and $2.20 billion, representing growth of 9% to 10%. For the full year, it expects sales to be between $10.7 billion and $10.8 billion, compared with estimates of $10.9 billion, according to LSEG. During the quarter, it opened its first men's store in Beijing — a key growth market for the company.

Persons: Lululemon, you've, Calvin McDonald, McDonald, Alo Yoga, it's, Meghan Frank Organizations: LSEG, U.S Locations: U.S, North America, Americas, China, Vancouver, Beijing

☆ The global trade system has already started planning for potential Trump win, new China tariffs
▼ + stars: | 2024-03-11 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

The Trump administration used delegated authorities under three trade laws to unilaterally levy tariffs without Congressional approval. The Trump administration tariffs kickstarted a shift in supply chain strategy which, according to Frank, became more well-developed by customers during Covid, when they contemplated moving factories and production out of China. He expects any increase in tariffs during a second Trump presidency to lead to a greater shift in trade from China to Mexico to avoid the tariffs. "If you charge tariffs to China, they're going to build ... their car plants here and they're going to employ our people," Trump said. S&P Global research shows that China's share of the imports of products covered by tariffs imposed by the Trump administration has dropped.

Persons: Donald Trump, Trump, Niki Frank, Frank, Beth Whited, they'd, Paul Brashier, Chris Rogers, Biden, Rogers, Jon Gold, John Taylor IV, Taylor, Peter Boockvar, Critics, it's, that's Organizations: United, Canada Trade, White, CNBC, Global, Trump, China, Biden, OF DHL, Union, Canadian Pacific, Canadian Pacific Kansas City, Union Pacific, ITS Logistics, P Global, Vietnam, National Retail Federation, Berlin Packaging, Trade, Bleakley Financial, ASEAN Locations: United States, Mexico, Canada, Washington , DC, U.S, OF DHL Asia, Long Beach , California, China, Union Pacific, Canadian Pacific Kansas, East, West, Vietnam, Malaysia, South Korea, CNBC Mexico, Europe, Thailand, Indonesia

☆ A huge wealth transfer means millennials are poised to become 'the richest generation in history'
▼ + stars: | 2024-02-29 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Soaring rents, rising inflation and student debt are among some of the reasons millennials have struggled to purchase their own homes or build up their savings. A gigantic wealth transfer over roughly the next decade will likely make millennials "the richest generation in history," according to a report from global real estate consultancy Knight Frank. In the U.S. alone, Knight Frank said the shift would see $90 trillion of assets move between generations, "making affluent millennials the richest generation in history." Soaring rents, rising inflation and student debt have contributed to millennials' struggles to purchase their own homes or build up their savings. Liam Bailey, global head of research at Knight Frank, said that the wealth transfer is taking place amid "seismic changes" in how the assets are put to use.

Persons: millennials, Knight Frank, —, Liam Bailey, Bailey Organizations: Soaring

☆ Almost 630,000 people worldwide are now worth at least $30 million, Knight Frank says
▼ + stars: | 2024-02-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Knight Frank's new wealth report shows that about 70 people a day became uber-rich last year. The total number of people worth at least $30 million rose by 4.2% to about 627,000 worldwide. AdvertisementAlmost 70 people a day joined the ranks of the uber-wealthy last year, Knight Frank has revealed. A net worth of at least $30 million is required to be classed as a UHNWI. However, it only takes $5.8 million to rank in the top 1% of wealthy Americans, Knight Frank said.

Persons: Knight, —, Knight Frank Organizations: Service, Business

☆ Freddie Mercury’s London home for sale for $38 million
▼ + stars: | 2024-02-27 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +2 min

London CNN —The former London home of rock legend Freddie Mercury is available to buy – that is, for those with a cool £30 million ($38 million) to spare. The property was bought by Mercury on the spot when he first visited it in 1980, according to Knight Frank, which is handling the sale. In this spirit, the dining room was painted citrus-yellow, reportedly Mercury’s favorite color, with complementary jewel tones in the cornices of the room. The property’s principal suite is entered through what used to be Mercury’s dressing room, where he stored his clothes and stage costumes. After more than 30 years taking care of them, Austin, now 72, auctioned about 1,400 of Mercury’s belongings last year, and is now looking to sell Garden Lodge for offers in excess of £30 million ($38 million), according to Knight Frank.

Persons: Freddie Mercury, Knight Frank, Robin Moore Ede, ” Knight Frank, Barney Hindle, Knight Frank The, Mercury, Mary Austin, “, ” Austin, Freddie Organizations: London CNN, Mercury Locations: London, Kensington, Austin

In his first game back from an eight-month ban, Toney scored from a free kick to help Brentford beat Nottingham Forest 3-2 on Saturday and end a skid of five straight Premier League losses. I’m just buzzing to be back and scoring goals and playing for the team. Frank even gave Toney the captain's armband for this game, indicating how important his return is for the west London club. Toney led his team with 20 goals in 33 league games last season before being handed the ban in May. With the return of Toney, any thoughts of a relegation scrap for Brentford might soon be in the past.

Persons: — Ivan Toney, Toney, “, ” Toney, Thomas Frank, Dane, Frank, Nuno Espirito, Danilo, Ben Mee, Chris Wood, Callum Hudson, Forest's Orel Mangala, Mads Roerslev, Neal Maupay, volleying, Thomas Frank’s, “ I’m, I’ve, Gabriel Magalhaes, Gabriel Martinelli, ” Martinelli, Gabriel, Dean Henderson, Leandro Trossard, Martinelli's, Mikel Arteta’s, Roy Hodgson’s, ___ Organizations: Brentford, Nottingham Forest, Premier League, Nuno Espirito Santo, Forest, ” ARSENAL, Fulham —, Liverpool, Arsenal, Crystal, Emirates, Aston Villa, Bournemouth, League's Locations: London, Dubai, West Ham, Liverpool

☆ Lululemon shares fall as retailer gives tepid holiday outlook despite strong start to shopping season
▼ + stars: | 2023-12-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Lululemon on Thursday said it saw strong third-quarter demand and a positive start to the holiday shopping season, but the retailer's shares fell in extended trading after it gave a tepid fourth-quarter outlook. During the quarter, sales jumped 12% in North America and 49% internationally, but the retailer's holiday guidance came in light of expectations. For the full year, Lululemon expects sales to be between $9.55 billion and $9.58 billion, compared to estimates of between $8.11 billion and $9.90 billion, according to LSEG. He added that Lululemon is "encouraged" by the trends it has seen at the start of the holiday season. During Lululemon's third quarter, total comparable sales were up 13%, higher than the 12.4% jump analysts had expected, according to StreetAccount.

Persons: Lululemon, We're, Meghan Frank, Calvin McDonald, McDonald Organizations: LSEG, CNBC PRO Locations: North America

☆ NATO urges members to get their logistics homework done
▼ + stars: | 2023-11-23 | by ( Sabine Siebold | ) www.reuters.com time to read: +3 min

NATO's Joint Support and Enabling Command (JSEC) in the southern German town of Ulm started operating in 2021. "At the heyday of the war in Ukraine, Russia fired 50,000 artillery shells per day. As it is, NATO forces have to navigate a variety of national regulations, stretching from the advance-notice required before ammunition can be shipped to the permissible length of military convoys and disease prophylaxis. "We have a surplus of regulations, but the one thing we don't have is time," warned Admiral Rob Bauer, head of NATO's military committee. "Russia's war against Ukraine has proven to be a war of attrition – and a war of attrition is a battle of logistics."

Persons: Alexander Sollfrank, Sollfrank, Rob Bauer, Sabine Siebold, Christina Fincher Organizations: Europe NATO, NATO, Reuters, Command, Warsaw, EU, Thomson Locations: Europe, BRUSSELS, Russia, Ulm, Ukraine, Germany, Moscow

The unparalleled enthusiasm helped propel “Taylor Swift: The Eras Tour” to a massive, first place debut between $95 million and $97 million in North America, AMC Theatres said Sunday. The two superstars posed together at the premiere of “The Eras Tour” earlier this week in Los Angeles. Political Cartoons View All 1211 Images“The Eras Tour,” directed by Sam Wrench, is not just playing on AMC screens either. Elizabeth Frank, the executive vice president of worldwide programming and chief content officer for AMC Theatres, said in a statement that they are grateful to Taylor Swift. The concert film offered fans both better seats and a much more affordable way to see the show for the first or fifth time.

Persons: Swifties, “ Taylor Swift, It’s, Justin Bieber, showtimes, “, Swift, Beyoncé, ”, Sam Wrench, Elizabeth Frank, Taylor Swift, ” Frank, ‘ Taylor Swift Organizations: AMC Theatres, Star Wars, Southern, Hollywood, AMC, Trafalgar Locations: North America, United States, Los Angeles, Leawood , Kansas, U.S

☆ Japan’s property sector sees ‘golden period’ as foreign investments surge 45%
▼ + stars: | 2023-10-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesForeign investments into Japan's real estate sector have been flourishing in the past year, buoyed by a weak Japanese yen as the country's central bank maintains its ultra-loose monetary policy. "It is a golden period of Japanese real estate," Henry Chin, head of Asia-Pacific research at CBRE, told CNBC. Foreign investors almost doubled their investment from a year ago to $2 billion in the first quarter of the year, the global real estate services company noted. According to latest data provided by CBRE, total foreign investments into Japan's real estate market has risen 45% in the first half of 2023, compared to the same period last year. The solid rebound in Japan's tourism sector following the ease in border restrictions has sparked a rise in hotel occupancies and hospitality investments, Knight Frank said in a recent September note.

Persons: Henry Chin, Chin, Koji Nato, JLL, Knight Frank, CBRE's Chin, Knight Frank's, Christine Li, David Madison Organizations: Bloomberg, Getty, CNBC, Nato LL's, Capital Markets, U.S, APAC Locations: Tokyo, Japan, Asia, Pacific, Osaka, Singapore, U.S, Canada, Magome

CNN —A convicted felon suspected of killing tech executive Pava LaPere in Baltimore this week has been arrested, ending a dayslong manhunt across the city, police said early Thursday. “I told him to turn himself in because they’re going to kill him,” Scarlett Billingsley told NBC News. Pava LaPere cofounded EcoMap at age 21 while she was still attending college at Johns Hopkins University, according to the company’s website. LaPere’s accomplishments gained her a spot on Forbes’ 30 under 30 list earlier this year for social impact. The father and daughter – both early risers – would talk early in the morning and exchange photos of their sunrises, her father recalled.

Persons: CNN —, Pava LaPere, Jason Dean Billingsley, LaPere, Billingsley, Brandon Scott, Richard Worley, “, ” Scarlett Billingsley, Scarlett Billingsley, Worley, Frank LaPere, Caroline, Nico, Stephanie Scarbrough, ”, Pava, –, Frank, Kory Bailey, Bailey, “ We’re Organizations: CNN, Baltimore Police Department . Police, Authorities, Baltimore Police, NBC, NBC News, Maryland’s Department of Public Safety, Correctional Services, New York Times, Johns Hopkins University, Forbes ’ Locations: Baltimore

☆ Everton beat Brentford 3-1 for first league win of the season
▼ + stars: | 2023-09-23 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Summary Everton up to 15th with two second-half goalsTarkowski scores against former clubBrentford still waiting for home winLONDON, Sept 23 (Reuters) - Everton celebrated a breakthrough first victory of the Premier League season at Brentford on Saturday with captain James Tarkowski scoring against his former club in a well-deserved 3-1 win. After a first half of many missed opportunities ended 1-1, defender Tarkowski headed in off Dwight McNeil's corner after 67 minutes. It's been a tough start to the season," said Calvert-Lewin. "The signs have been there but you've got to change the storyline, you've got to score goals, you've got to take your chances," he said. "Everton deserved to win, we performed badly," said Brentford manager Thomas Frank, whose side next host Arsenal in a League Cup third round match on Wednesday.

Persons: James Tarkowski, Tarkowski, Dwight McNeil's, Dominic Calvert, Lewin, Mark Flekken, It's, Calvert, Sean Dyche, you've, Abdoulaye Doucoure, Vitaliy, Mathias Jensen, Kevin Schade, Keane Lewis, Potter, Yoane Wissa, Everton, Thomas Frank, Frank, Alan Baldwin, Ken Ferris Organizations: Everton, Brentford, LONDON, Premier League, Arsenal, League, Thomson Locations: Dwight, England, Flekken

☆ 'Barbenheimer' is coming: AMC says it has already sold 20,000 same-day tickets for the 'Barbie' and 'Oppenheimer' double feature
▼ + stars: | 2023-07-10 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Move over Taylor Swift, summer's hottest ticket is a "Barbie" and "Oppenheimer" double feature. AMC Theaters this week announced that more than 20,000 members of its AMC Stubs loyalty program have purchased tickets to watch the unlikely cinematic pairing on the same day. Greta Gerwig's "Barbie" and Christopher Nolan's "Oppenheimer" have been slated for a July 21 release for the past year. The juxtaposition between the bright and bubbly "Barbie" and the dour, nuclear bomb drama has led internet users to declare "Barbenheimer" a must-see double feature. "I want to see both 'Barbie' and 'Oppenheimer,'" Cruise said.

Persons: Taylor Swift, Oppenheimer, Greta Gerwig's, Christopher Nolan's, Elizabeth Frank, Barbie, Tom Cruise, Cruise, Warren Buffett Organizations: AMC, Variety

MediaNews Group | The Riverside Press-Enterprise via Getty ImagesOf the many acts that can get an Amazon merchant kicked off the site, few are as devastating as selling stolen goods. But suspended sellers, who spent years building their businesses on Amazon, told CNBC they had no idea they were selling stolen products. In an email to CNBC, Amazon said it's working with authorities and doesn't comment "on matters that are the subject of active law enforcement investigations." Tracing the stolen goods supply chainIn tracing the supply chain for suspended sellers, some patterns started to emerge. "Chances are stolen goods or similar ASINs/serial numbers are being bled in to every supply line," the employee wrote.

Persons: Levoit humidifiers, Frank —, Frank, Kenzo Sobrie, Dyson, blenders, they'd, Joe Quinlivan, Sellers, they've, Chris McCabe, Ricky Sala, what's, Sala, he'd, Tien Ngo, Ngo, Stride, Daniel Acker, ASINs, Armen Babayan, illicitly, Babayan, KZ, Juniper, couldn't, Cameron Webb, Kevin Cole, didn't, He's, Sobrie Organizations: MediaNews, Riverside Press, Enterprise, Getty, Amazon, CNBC, Retailers, LG, KZ International, California, Patrol, KZ, CHP, Amazon.com Inc, Amazon Robotics, Bloomberg, Oregon Prep Center, Facebook, FBI, Washington State Office, Ngo Wholesale Distributors, Ngo, Co, Wholesale, Los, Juniper Holdings, Telegram Locations: Eastvale , California, KZ's, Huntington Beach , California, Westborough , Massachusetts, Los Angeles, Miami, The Miami, New York, Washington, Santa Fe Springs, Los Angeles County, Garden Grove, Orange County, California, Huntington Beach, California , Florida, New Jersey

☆ These 7 'left for dead' value stocks will outperform while the tech trade unwinds in an imminent recession, according to a fund manager who beat 99% of his peers last year
▼ + stars: | 2023-06-15 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Fund manager Brian Frank explained why he's bearish on tech stocks and the economy. Here are seven stocks he's bullish on now as value makes a comeback in a recession. Value is the best bet in a weak economyConsidering how growth stocks have retaken the throne from their value counterparts this year, Frank said he's pleased with how his Frank Value Fund (FRNKX) has fared. The mid-cap fund, which Frank has single-handedly managed for nearly 19 years, has outperformed 74% of its peers in 2023, according to Morningstar. "You would think, given the economic data, defensives would trade at a premium to the market," Frank said.

Persons: Brian Frank, Frank, It's, —, he's, Morningstar, we're, that's, he's bullish Organizations: Frank Value Fund, Home, Walmart

☆ Big global employers plan modest cuts to office space: Knight Frank
▼ + stars: | 2023-06-06 | by ( Suban Abdulla | ) www.reuters.com time to read: +3 min

REUTERS/Hannah BeierLONDON, June 6 (Reuters) - Half of large multinational companies plan to reduce office space as they adjust to hybrid working patterns, although the cuts are likely to be modest as few plan to go fully remote, a survey from real estate agents Knight Frank showed on Tuesday. Knight Frank said 50% of employers with more than 50,000 staff intended to reduce office space, typically by 10% to 20% in the next three years, as they reassess their needs following the introduction of remote working during the COVID-19 pandemic. But at companies with up to 10,000 staff split across different countries, most expected to increase office space. Mat Oakley, head of commercial research at Savills said demand for office space in London had increased, and flexible working appeared less of a challenge than previously thought. "There are definitely challenges for office demand but these have been largely overstated particularly when you take into consideration employment growth," Oakley said.

Persons: Hannah Beier LONDON, Knight Frank, Tim Armstrong, Antony Antoniou, Robert Irving Burns, Mat Oakley, Savills, Oakley, Suban Abdulla, David Milliken Organizations: FMC Corporation, REUTERS, Bank of England, British, Land Securities, P, Thomson Locations: Philadelphia , Pennsylvania, U.S, Britain, Mat, London

☆ Half of the biggest global companies plan to cut office space. US cities will suffer most
▼ + stars: | 2023-06-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

There are fears that a rise in delinquencies as a result of the downturn could cause significant losses at banks, which finance many commercial real estate deals. Office space in the United States was also much more generous per person than in Europe and Asia, he said. London, Berlin, Madrid and Hong Kong were also forecast to have a large amount of excess office space. Before the pandemic, the Californian city was one of the hardest places in the United States to find office space, with a vacancy rate of only 9.5%. Now, 30% of its office space is either vacant or due to return to the market in the next year — a 30-year high.

Persons: —, Knight Frank, ” Lee Elliott, Elliott, “ We’re, ” Elliott, Savills, ”, Kelcie Sellers, “ Organizations: London CNN —, San, CNN, Companies, “, Washington DC Locations: San Francisco, homeworking, delinquencies, Francisco, United States, Europe, Asia, San Francisco , New York, Los Angeles, Chicago, Houston, Washington, London, Berlin, Madrid, Hong Kong, Pacific, America, “

☆ Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
▼ + stars: | 2023-06-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Sales rose 24% to $2 billion, up from $1.61 billion a year earlier. It expects full-year profit of $11.74 to $11.94 per share, compared with a prior range of $11.50 to $11.72. That also topped analysts' expectations, which called for $11.61 per share, according to Refinitiv. Lululemon is expecting second-quarter sales to be in the range of $2.14 billion to $2.17 billion, representing growth of about 15%. While DTC revenue increased compared to last year, it represented 42% of total sales, compared to 45% in the year-ago period.

Persons: Meghan Frank, Lululemon, men's, they're, Frank, we'll Organizations: Club, Constellation Brands, Molson Coors Locations: China

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