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☆ Gaza ceasefire deal: Hamas and Israel urged to ‘close this deal’ by US and 16 other countries whose citizens were taken hostage
▼ + stars: | 2024-06-06 | by ( Mj Lee | ) edition.cnn.com time to read: +3 min

“It is time for the war to end,” the statement, shared with CNN, bluntly says. We call on Hamas to close this agreement, that Israel is ready to move forward with, and begin the process of releasing our citizens,” the statement says. Those 17 countries have citizens whom Hamas took captive at the outbreak of the Israel-Hamas war. Immediately after Biden detailed the Israeli proposal, Israeli Prime Minister Benjamin Netanyahu vowed that his country would not end the war until Hamas was defeated. Jake Sullivan, Biden’s national security adviser, convened for the first time last month an in-person meeting of ambassadors and chiefs of mission representing countries whose citizens were taken hostage by Hamas, CNN reported, at a moment when a deal was stalled.

Persons: Joe Biden, Biden, “, Benjamin Netanyahu, Jake Sullivan, Sullivan, Bill Burns, Brett McGurk Organizations: CNN, Biden, United, Hamas, Qatar –, Senior, CIA, White Locations: United States, Israel, Gaza, Argentina, Austria, Brazil, Bulgaria, Canada, Colombia, Denmark, France, Germany, Poland, Portugal, Romania, Serbia, Spain, Thailand, United Kingdom, Washington, Egypt, Qatar

☆ Watch CNBC's full interview with Tesla board chair Robyn Denholm
▼ + stars: | 2024-06-06 | 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 EmailWatch CNBC's full interview with Tesla board chair Robyn DenholmTesla board chair Robyn Denholm joins 'Squawk Box' to preview next week's Tesla shareholder meeting, what to expect from the vote on CEO Elon Musk's pay package, Tesla's move from Delaware to Texas, the Elon Musk ecosystem, and more.

Persons: Tesla, Robyn Denholm Tesla, Robyn Denholm, Elon Musk's Organizations: Elon Locations: Delaware, Texas

☆ Starbucks files patents in Russia to try to safeguard its trademarks, 2 years after leaving the country
▼ + stars: | 2024-06-06 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Starbucks filed eight new trademark applications in Russia, according to reports. The company exited Russia in 2022 after it launched its full-scale invasion of Ukraine. AdvertisementStarbucks has filed multiple trademark patents in Russia in an apparent attempt to protect its brand there, according to reports. The coffee chain submitted eight new trademark applications on Russia's federal intellectual property service, Russian business news outlet Vedomosti reported. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Starbucks, Service, Kyiv Post, Business Locations: Russia, Ukraine, Kyiv

☆ Gold gains as U.S. dollar, yields slip; focus on jobs data
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +1 min

Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Spot gold was up 0.8% at $2,373.31 per ounce as of 0258 GMT, after rising 1% in the previous session. The dollar index was down 0.2%, hovering around a near two-month low, and benchmark U.S. 10-year Treasury yields lingered near their weakest levels in more than two months. "The fundamental outlook still looks constructive for gold as we move closer towards possible Fed rate cuts in the second half of the year.

Persons: Tim Waterer Organizations: Treasury, ., U.S ., KCM, U.S, Federal

☆ Israel is renewing its ban on Al Jazeera under its controversial media law
▼ + stars: | 2024-06-06 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

CNN —The Israeli government is seeking to extend its controversial ban on the Al Jazeera news network in the country, after a court upheld the ban but shortened it by 10 days. Al Jazeera condemned the move as a “dark day for democracy” that sets a concerning precedent for other international media outlets operating in Israel. On Tuesday, a Tel Aviv District Court ruled that the ban on Al Jazeera could stand but was to be shortened to 35 days, meaning it will expire on Sunday. Israel has claimed that Al Jazeera “harms Israeli security,” and has a “close connection” with Hamas, the militant group it is waging war against in Gaza. “Al Jazeera reporters harmed Israel’s security and incited against IDF soldiers.

Persons: Israel, Jazeera, Al Jazeera, Benjamin Netanyahu, Al, “ Al, ” Netanyahu, Walid Omary, Al Jazeera’s, ”, Weeks, Yitzhak Amit, It’s Organizations: CNN, Al, Qatari, Tel, Court, Israeli Ministry of Communications, Hamas, IDF, Reuters, Associated Press, Haaretz Locations: Al Jazeera, Israel, Tel Aviv, Gaza, “, “ Al Jazeera, Al, Al Jazeera’s Jerusalem, Jerusalem

☆ Trade Tracker: Kevin Simpson trims Goldman Sachs
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Kevin Simpson trims Goldman SachsKevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to detail his latest move in Goldman Sachs

Persons: Kevin Simpson, Goldman Sachs Kevin Simpson, Goldman Sachs Organizations: Wealth Planning

☆ European Central Bank heads for first rate cut since 2019: Live updates
▼ + stars: | 2024-06-06 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, April 11, 2024. The European Central Bank is widely expected to announce a reduction in interest rates at its meeting in Frankfurt on Thursday, despite lingering inflationary pressures in the 20-nation euro zone. The central bank's key rate has been at a record 4% since September 2023. A cut would be the ECB's first since September 2019, when the deposit facility was in negative territory. Canada on Wednesday became the first G7 nation to cut interest rates in the current cycle, while Sweden and Switzerland's central banks already announced their own rate reductions this year.

Persons: Christine Lagarde, Lagarde Organizations: European Central Bank, ECB, Reuters, U.S . Federal Reserve, Wednesday Locations: Frankfurt, Germany, Canada, Sweden

☆ Treasury yields inch higher as investors weigh economic data, interest rate outlook
▼ + stars: | 2024-06-06 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Yields and prices move in opposite directions and one basis point is equivalent to 0.01%. ET, the yield on the 10-year Treasury was up by over one basis point to 4.3006%. The 2-year Treasury yield was last more than one basis point higher to 4.7449%. U.S. Treasurys rose slightly on Thursday as investors considered the latest economic data and weighed the outlook for interest rate cuts. Elsewhere, the European Central Bank is set to announce its first interest rate cut since 2019, even as inflationary pressures in the euro zone have lingered.

Persons: nonfarm Organizations: Treasury, ADP, Investors, European Central Bank, Federal Locations: Canada, Sweden, Switzerland, U.S

☆ NATO is making plans for surging US troops into Europe in case Russia invades
▼ + stars: | 2024-06-06 | by ( Thibault Spirlet | ) 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 previewNATO is busy setting up land corridors that US soldiers and military vehicles would use in the case of a Russian invasion of Europe, The Telegraph reported, citing unnamed officials. AdvertisementPlans are also being developed to move troops through ports in Sweden, Finland, and the Balkans, the outlet reported. AdvertisementLast year, NATO leaders agreed to keep 300,000 soldiers in a state of high readiness, The Telegraph reported. Last week, the Financial Times reported that NATO had less than 5% of the air defenses needed to protect Central and Eastern Europe, citing people familiar with NATO's defense plans.

Persons: —, Vaidotas Urbelis, Donald Tusk, Poland's, Alexander Sollfrank Organizations: Service, NATO, The Telegraph, Business, The, Telegraph, Financial Times, Command Locations: Europe, Netherlands, Greece, Italy, Turkey, Norway, Hungary, Ukraine, Bulgaria, Romania, Sweden, Finland, Balkans, Germany, Poland, Russia, Baltic States, Central, Eastern Europe

☆ Trump’s Conviction Made These Voters Rethink Their Choice for President
▼ + stars: | 2024-06-06 | by ( Reid J. Epstein | Camille Baker | ) www.nytimes.com time to read: 1 min

By the time former President Donald J. Trump was convicted last week on 34 felony counts, the vast majority of people had made up their minds about him. But a small sliver of Trump-ambivalent voters is out there — and in a close presidential election, they matter a lot. For days, The New York Times has been listening to those voters process the news of Mr. Trump’s conviction, trying to measure the small shifts that could alter the contest between him and President Biden. A New York Times/Siena College Poll study of nearly 2,000 voters found modest good news for Mr. Biden. While the vast majority of people had not changed their position on the two men, more voters moved away from Mr. Trump than toward him.

Persons: Donald J, Trump, Trump’s, Biden, Will Trump, Will Biden Organizations: New York Times, Siena

☆ Cramer says Danaher is a buy and weighs in on probes of Microsoft and Nvidia
▼ + stars: | 2024-06-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "It's a benign day ahead of tomorrow's number," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, OpenAI, Jim, They're, Danaher, Goldman Sachs, Charles, it's, Jim Cramer's Organizations: CNBC, Federal Reserve, Justice Department, Federal Trade Commission, Nvidia, Microsoft, FTC, DOJ, Wall Locations: U.S

☆ Move over 'Magnificent 7,' the 'Fantastic 5' may offer higher earnings and return potential
▼ + stars: | 2024-06-06 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

Looking for a less risky way to find growth stocks amid all the artificial intelligence hype? Looking ahead, Thornburg expects the Fantastic Five's outperformance to continue, with the forward price-to-earnings ratio of the European group falling below the seven U.S. stocks starting in 2026 and running through 2028. The money manager also projected that the European group will increase earnings 18% a year over the next three years versus 14% for the "Mag 7." ASML, the biggest producer of the equipment used to manufacture semiconductors, makes "leading-edge" lithography equipment needed to produce AI chips, Anderson said. He manages the Thornburg International Growth Fund , a concentrated portfolio of high-quality companies based outside the U.S., which has gained 8.8% year-to-date.

Persons: Nicholas Anderson, Anderson, Thornburg, It's, it's, FactSet, ASML Organizations: Thornburg Investment Management, Novo Nordisk, ASML, LVMH, AstraZeneca, SAP, Nvidia, Big Tech, Microsoft, Apple, GLP, Nordisk, Taiwan Semiconductor, Bloomberg, Growth Fund Locations: U.S, Novo, Europe, Belgium

☆ Nvidia stock has another 24% to climb as it looks poised to dominate the computing market for the next decade, Bank of America says
▼ + stars: | 2024-06-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The bank reiterated its $1,500 price target this week, implying another 24% upside for the stock. Nvidia will continue to dominate the computing market in the next upgrade cycle, the bank said. BofA strategists have a 12-month price target of $1,500 a share, implying another 24% upside from where the stock was trading late Thursday morning. Vivek Arya, a senior semiconductor analyst for the bank, added that he believed the stock would dominate the computer market for the next decade. Nvidia stock undergo a 10-for-1 split on Friday, a move that could be a catalyst for further gains as a lower share price helps draw more attention from retail investors.

Persons: —, Jensen Huang, Vivek Arya, Ayra Organizations: Bank of America, Nvidia, Service, AMD, Intel, Yahoo Finance, Wall Street, Apple

☆ Progressives drop support for Mondaire Jones in key House race after he turned against embattled Rep. Jamaal Bowman
▼ + stars: | 2024-06-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Read previewThe Congressional Progressive Caucus's (CPC) political arm has rescinded its endorsement of former Rep. Mondaire Jones. The move comes after Jones endorsed Rep. Jamaal Bowman's moderate primary challenger, Westchester County Executive George Latimer, earlier this week. Rep. Jamaal Bowman is facing a tough primary challenge from Westchester County Executive George Latimer. Jones and Bowman appeared together at a gun violence prevention-related event in Westchester County in April 2023. Lawler has been eager to highlight Jones's past progressive positions, including his past praise for Bowman.

Persons: —, Mondaire Jones, Jones, Mike Lawler, Jamaal Bowman's, George Latimer, Evan Brown, Bowman, Israel, Latimer, Jamaal Bowman, Tom Williams, Eugene Gologursky, I'm, Pramila, Jayapal, Dan Goldman, Joe Biden, Lawler Organizations: Service, Republican, Business, Westchester, Capitol, Israel, AIPAC, Getty Images, The Washington, Getty, Congressional, DSA, Progressive Caucus, PAC, Democratic, CPC Locations: Westchester County, Bowman's, Israel, Lower Hudson, Washington, Manhattan, Brooklyn, Lawler's

☆ Trading the jobs report: Where JPMorgan sees the market going based on these scenarios
▼ + stars: | 2024-06-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

On top of that, the S & P 500 is trading at record levels thanks in large measure to the unrelenting momentum in Nvidia. Hot jobs growth + weaker-than-expected wage growth: The S & P 500 would advance 0.25% to 0.75% in this event, the traders said. In-line jobs growth + strong wage growth: This outcome indicates inflation persists given tight labor market conditions. Disappointing jobs growth + hotter-than-expected wage expansion: JPMorgan traders think this would be the worst outcome for market bulls, with the S & P 500 losing 1.25%-2%. JPMorgan expects the S & P 500 to rise, or fall, as much as 0.25%.

Persons: Dow Jones, stagflation Organizations: Federal Reserve, Nvidia, JPMorgan Locations: U.S

☆ Nicole Kidman says they’re working ‘fast and furious’ on Season 3 of ‘Big Little Lies’
▼ + stars: | 2024-06-06 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Nicole Kidman is spilling the details on Season 3 of “Big Little Lies.”Kidman sat down with Reese Witherspoon, who co-starred with Kidman on the series, for a Vanity Fair interview and confirmed there will in fact be a third season. Witherspoon even joked that up until now, Kidman had already “said too much” about the status of the show, which was initially a limited series, continuing. “I got excited,” Kidman said. It’s a scientific study.”But, she said, she also couldn’t help but give an update. Alongside Kidman and Witherspoon, Shailene Woodley, Zoë Kravitz, Laura Dern, Adam Scott, Alexander Skarsgård, Kathryn Newton and Meryl Streep have starred in the series.

Persons: CNN — Nicole Kidman, ” Kidman, Reese Witherspoon, Kidman, Witherspoon, “, ”, “ Liane, Moriarty, Jean, Marc Vallée, Reese, ” Andrea Arnold, Shailene Woodley, Zoë Kravitz, Laura Dern, Adam Scott, Alexander Skarsgård, Kathryn Newton, Meryl Streep Organizations: CNN, Entertainment Locations: California

☆ Kathy Hochul Made the Wrong Decision on Congestion Pricing - The New York Times
▼ + stars: | 2024-06-06 | by ( Tom Wright | Kate Slevin | ) www.nytimes.com time to read: +1 min

Kathy Hochul’s decision to “indefinitely pause” congestion pricing in Manhattan is likely to reverberate for decades, much like the former New Jersey governor Chris Christie’s decision in 2010 to block construction of a badly needed new rail tunnel under the Hudson River. Both were short-term choices that pushed aside critical long-term investments in the most mass-transit-dependent metropolitan area of the nation. The decision by Mr. Christie, which he said was based on the project’s cost, compromised the region’s competitiveness, economy and environment. Ms. Hochul’s action raises questions about whether congestion pricing, which was set to begin at the end of the month, will ever happen. It will mean continued congestion on some of the world’s most traffic-stymied streets and no relief from the air pollution from auto and truck exhaust.

Persons: Kathy Hochul’s, Chris Christie’s, Christie, Hochul’s, Christie’s Organizations: New, New Jersey Transit, Amtrak, Metropolitan Transportation Authority Locations: Manhattan, New Jersey, Hudson, Jersey

☆ Billionaire Frank McCourt's TikTok bid wins key backer as he looks past app's prized algorithm
▼ + stars: | 2024-06-06 | by ( Emily Wilkins | ) www.cnbc.com time to read: +1 min

Frank McCourt, civic entrepreneur, executive chairman of McCourt Global and founder of Project Liberty, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. "I don't want to be the CEO of a social media platform. His pitch has drawn a key group: Parents whose children died after being influenced by social media or bullied on various platforms. He founded the non-profit Project Liberty to build a healthier version of social media. Project Liberty is working with Guggenheim Securities and law firm Kirkland & Ellis to buy the viral video platform.

Persons: Frank McCourt, McCourt, Frank's, Sam Chapman, Sammy, Chapman, Kirkland, Ellis Organizations: McCourt Global, Project Liberty, Everything, Liberty, Guggenheim Securities Locations: New York City, U.S

☆ Stocks making the biggest moves midday: Five Below, Salesforce, Lululemon, Instacart and more
▼ + stars: | 2024-06-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG expected $883 million. The move was made earlier this week and comes just days after the company reported its first revenue miss since 2006. Lululemon issued weak guidance for the current quarter, but its full-year earnings per share guidance was above expectations. The company recorded earnings of $2.66 per share, which is better than the LSEG consensus estimate of $2.33 in earnings per share. The bank cited its earnings per share potential and discounted valuation as reasons for the call.

Persons: LSEG, ValueAct, Mason Morfit, Lululemon, Sprinklr, Smartsheet, Smucker, Goldman Sachs, —, Samantha Subin, Michelle Fox, Lisa Han, Alex Harring Organizations: LSEG, Revenue, Old Dominion, Fluence Energy, Guggenheim, Ultragenyx Pharmaceutical, JPMorgan

☆ EV slump, Hertz fire sale take used Teslas to 'no haggle' $25,000 price
▼ + stars: | 2024-06-06 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Also, some used EVs are eligible for up to $4,000 in federal tax credits , and several states offer tax credits or rebates. Although as with buying any used car — from manufacturers and independent dealers, online marketplaces or private owners — there are pros and cons. The Hertz Car Sales website "Shop EVs" button recently listed 1,475 of the 1,638 used EVs listed as "Hertz Certified." A March study by automotive research firm iSeeCars found that the average used car price was down 3.6% from last year, though used EV prices had plummeted 31.8%, equating to $14,418 in value. A follow-up question — "Can you tell me about 2022 Tesla Model 3s being sold by Hertz Car Sales?"

Persons: Hertz, —, iSeeCars, Elon, Karl Brauer, Brauer, Yossi Levi, Guy, Tesla, Carvana, Edmunds, ChatGPT, Hertz's, Matt Quinn, CarGurus, Eugene Park Organizations: Hertz, EV, Hertz Global Holdings, U.S, Bolts, Car, Hertz Tesla, Tesla, ChatGPT, Hertz Car Locations: U.S, Massachusetts, Colorado, Edmunds, CarGurus

☆ ECB: Interest rates are coming down in Europe
▼ + stars: | 2024-06-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The European Central Bank cut interest rates Thursday, moving before the US Federal Reserve and the Bank of England to lower borrowing costs as inflation recedes following years of rate hikes. Central banks in Switzerland and Sweden have also cut interest rates this year. Analysts doubt the central bank will cut rates again at its next meeting in July. It added that it would keep interest rates “sufficiently restrictive for as long as necessary” to return inflation to the 2% target. Higher interest rates tend to attract more international capital flows into a country, lifting demand for its currency.

Persons: Christine Lagarde, Cyrus de la Rubia Organizations: London CNN, European Central Bank, US Federal Reserve, Bank of England, ECB, Bank of Canada, P Global, Hamburg Commercial Bank, Fed, Traders Locations: Ukraine, United States, United Kingdom, Switzerland, Sweden, Hamburg, Frankfurt, Europe

☆ Putin says it's 'obvious' that Trump's conviction is the result of 'an internal political struggle' in the US
▼ + stars: | 2024-06-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewFormer President Donald Trump's conviction in his Manhattan hush money criminal trial was due to his rivals' political machinations, Russian leader Vladimir Putin said on Wednesday. "They are burning themselves from the inside, their state, their political system," he said. On the contrary, they believe that these decisions were made for political reasons," Putin said on Wednesday, referencing the surge in donations to Trump's campaign, per the state-run Russian news agency TASS. AdvertisementIn February, Putin told Russian state media that Biden was his preferred candidate because he's "more experienced, more predictable." He wants Biden because he's going to be given everything he wants, including Ukraine," Trump said at a rally in South Carolina in February.

Persons: —, Donald Trump's, Vladimir Putin, Trump, Putin, Stormy Daniels, Trump's, Putin's, Crooked Joe Biden —, Biden, he's, stridently, There's Organizations: Service, St ., Economic, Reuters, Business, Biden Locations: Manhattan, St, St . Petersburg, United States, America, Russian, Ukraine, South Carolina

☆ South Africa’s President Announces Plan to Form National Unity Government
▼ + stars: | 2024-06-06 | by ( Lynsey Chutel | ) www.nytimes.com time to read: +1 min

Days after his African National Congress party faced historic losses at the polls, President Cyril Ramaphosa of South Africa said on Thursday that he will seek to form a government that includes a wide range of parties, some with starkly opposing views. since the fall of apartheid, South Africa has been in limbo since the watershed election on May 29 when voters punished the ruling party for failing to address issues like skyrocketing unemployment, regular power outages and high rates of crime. Over the next few days, a weakened A.N.C. “We invite political parties to form a government of national unity as the best option to move our country forward,” Mr. Ramaphosa said in a news conference late on Thursday night. “This moment calls for the broadest unity of the people of South Africa.”

Persons: Cyril Ramaphosa of, “, Mr, Ramaphosa, ” Organizations: African National Congress Locations: Cyril Ramaphosa of South Africa, South Africa, Africa’s

☆ Tesla board chair Robyn Denholm on Elon Musk pay package: It's really about fairness to our CEO
▼ + stars: | 2024-06-06 | 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 EmailTesla board chair Robyn Denholm on Elon Musk pay package: It's really about fairness to our CEOTesla board chair Robyn Denholm joins 'Squawk Box' to preview next week's Tesla shareholder meeting, what to expect from the vote on CEO Elon Musk's pay package, Tesla's move from Delaware to Texas, the Elon Musk ecosystem, and more.

Persons: Robyn Denholm, Tesla, Elon Musk's Organizations: Elon Locations: Delaware, Texas

☆ Craft cocktails, mountain bikes and art: Walmart's hometown is booming, and getting more expensive
▼ + stars: | 2024-06-06 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +13 min

— When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Craft cocktails, hipster coffee shops and chef-driven restaurants have popped up around the city. Realtor Kristen Boozman, who works for Sotheby's, helps clients search for homes in the Bentonville area, including many buyers who are relocating from another city. Home values have shot up in the Bentonville area. A Walmart spokeswoman said the Walton Family Foundation funds and advocates for affordable housing projects in the Bentonville area.

Persons: Gil Curren's, it's, Sue, Gil Curren, Melissa Repko, Hunt, Tyson, Shawn Baldwin, Sam Walton, Walton, Walton's, Steuart, Tom Walton, Sam Walton's, Alice Walton, Bridges, She's, Crystal Bridges, Kristen Boozman, There's, Donna Morris, Morris, Tracy Robinson, she's, CNBC Tracy Robinson, Robinson, Stanley, Matthew Cooper, Tom, Cooper, he's, district's, It's, Jeff Webster, Bentonville Shawn Baldwin Organizations: Cyclists, Kansas City, CNBC, Walmart, Craft, Fortune, Tyson Foods, PepsiCo, Hershey, Mattel, . Census, Cushman &, Sage Partners, of Commerce, Northwest Arkansas Council, D.C, Ropeswing Hospitality, Bentonville Schools, Excellerate Foundation, Walton Family Foundation, Walton Family, Bentonville Locations: BENTONVILLE, Ark, Walmart's, Bentonville , Arkansas, Bentonville, Kansas, Austin , Texas, New York, U.S, Silicon, It's, Arkansas, Cushman & Wakefield, American, Crystal, Austin, Boise , Idaho, Dallas, Fort Worth, Atlanta, Toronto, New York City, Miami, Washington, New York City , Washington, Bentonville's

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