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☆ Hot honey is the sweet and spicy flavor on everyone's lips, from pizza to cocktails. Here's why it's America's newest food obsession.
▼ + stars: | 2024-06-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

But it's popular to pair with chicken, too: Sweetgreen has a hot honey chicken protein bowl, Cava sells harissa honey chicken, and KFC serves Sriracha honey nuggets. At Starbucks' upmarket Reserve locations, you can get hot honey in an affogato or espresso martini. So Kurtz started experimenting with chili-infused honey in his college apartment, where he created Mike's Hot Honey in 2004. Zalat PizzaUK canned and bottled cocktail company Tom Savano Cocktails has been experimenting with hot honey in the drinks department. Cooking magazines and TikTokers alike have been scrambling to find new ways to incorporate hot honey into dishes.

Persons: —, Lizzy Freier, Sweetgreen, Cava, Grace Dean, Roberta's, Mike Kurtz, Kurtz, Paul Giannone, Paulie Gee's, Matt Wessel, Wessel, Maison Pickle, Emilia Aghamirzai, Maison, Jacob Hadjigeorgis, there's, Khanh Nguyen, Nguyen, Savano, Scotch Bonnet, James Kerslake, Kerslake Organizations: Service, Business, KFC, Starbucks, Bee, The New York Times, Brooklyn, Foods, Milwaukee Pretzel Company Locations: Manhattan, New Orleans, Chicago, Brazil, Brooklyn, Dallas

☆ ‘We’re Still Paying’: How Pets Became a Big Business
▼ + stars: | 2024-06-23 | by ( Katie Thomas | ) www.nytimes.com time to read: +1 min

Heather Massey brought Ladybird to the veterinarian when the 9-year-old mutt began having seizures. With the prognosis grim, Ms. Massey decided against further treatment at the animal hospital near her home in Athens, Ga., and Ladybird died four months later. scan and related care had cost nearly $2,000, which Ms. Massey put on a specialty credit card she had learned about at a previous vet visit. Not really,” said Ms. Massey, 52, who is disabled and does not work. For decades, veterinarians typically operated their own clinics, shepherding generations of pets from birth to death.

Persons: Heather Massey, Ladybird, mutt, Massey, ”, “, Ms Locations: Athens, Ga

☆ Microsoft is one of the most overbought stocks on Wall Street. Here are the others
▼ + stars: | 2024-06-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

To that end, CNBC Pro used its stock screener tool to find the most overbought and oversold names on Wall Street, employing the 14-day relative strength index, or RSI, as a metric. Stocks that have a 14-day RSI above 70 are said to be overbought, indicating that shares might soon be due for a pullback. Microsoft was among the most overbought stocks this week, with an RSI of 74. Analyst price targets suggest more than 37% upside, per LSEG. With a RSI of about 19, real estate data firm CoStar Group was also among the most oversold stocks.

Persons: Nvidia, Brent Thill, Morgan Stanley, Meta Marshall, Vasu Raja, AAL, Ravi Shanker, Nicholas Jones, CSGP, —, Fred Imbert Organizations: CNBC Pro, Microsoft, Jefferies, American Airlines, U.S, JMP Securities Locations: Corning

☆ How the vodka soda became 'gay water'
▼ + stars: | 2024-06-22 | by ( Alex Harring | ) www.cnbc.com time to read: +11 min

The combination of soda water and vodka has long been a fixture of boozy LGBTQ+ life, particularly among gay men. One of those came from Houston-based lawyer Jeff Watters, who called the vodka soda the "gay water" of the nighttime in a post on X. Retail is also central to the business for Gay Water, a startup offering canned cocktail variations of vodka soda. The former's vodka soda citrus is 100 calories per can, while Gay Water contains 80. The Gay Bar Shop, a specialty retailer, sells an 11-ounce, $49 candle that smells like a vodka soda with a lime garnish.

Persons: Emily Rabbideau, Justin Ruka, Orlando, Ruka, seltzer, Lucas Hilderbrand, Justin, Jeff Watters, Coke, Watters, Hilderbrand, Mary Holt, Holt, Eric Einstein, Einstein, Brendan Oudekerk, bartenders, Rose Kennedy, Tom Campbell, Campbell, James Delos Reyes, that's, Spencer Hoddeson, Hoddeson, Bud Light, Kylie Jenner's, Boston Beer, Victor Tran, Tran Organizations: Love, Alaska Airlines, CNBC, University of California, San Francisco, Gay, New York City, Washington , D.C, New, Boston Beer, Boston, Gay Water Locations: San Francisco, Irvine, Houston, bartenders, Lawrence , Kansas, New York, Washington ,, West Hollywood, influencers, New York City, Gopuff, Virginia

☆ 2 Goldman Sachs interns share their Wall Street experience and secrets for success, from early mornings to overcommunicating
▼ + stars: | 2024-06-21 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +13 min

Stankard should know — he's a rising senior now, but this will be his second summer interning for Goldman's sales and trading division. "I've always been interested in business generally," said Young about her decision to intern with Goldman last summer. For sales & trading interns like him, the summer is different — they split their nine weeks between two "pods" within the division. Dan Dees Goldman SachsA summer at Goldman is hard workTraders are known for having early work schedules to get ahead of the trading day and clients' needs. Goldman interns mingle Emmalyse BrownsteinAdvice for other interns and applicantsStanding out is hard in the application process.

Persons: —, Goldman Sachs, Anna Kouba, Goldman, Robbie Stankard, He's, Stankard, you've, Willow Young, Goldman Young, I've, Young, Dan Dees, Dees, Tony Pasquariello, Lucy DeStefano, he's, Lucy, they're, Dan Dees Goldman Sachs, it's Organizations: Service, Business, Goldman, Columbia University's, Stanford University, Financial, Group, FIG, Bloomberg, Soros Fund, CNBC, Investment, Wall Locations: Jersey, California, Chicago, New York, Westwood , Massachusetts

☆ I tried CosMc's for the first time. I don't think this new McDonald's spin-off will last very long.
▼ + stars: | 2024-06-21 | by ( Emily Krivograd | ) www.businessinsider.com time to read: +1 min

Emily KrivogradAt the end of the day, I wouldn't go out of my way to visit CosMc's. None of the menu items seemed like a particularly great value, either, considering I can get something I already know I enjoy from a similar chain for about the same price. CosMc's is set to open 10 locations by the end of 2024, but so far, the chain hasn't even reached half that number. Even so, CosMc's still has a long way to go before it builds a loyal fan base like McDonald's or Starbucks have. But I'll probably just stick to waiting in line at Starbucks — and maybe return to CosMc's for some McPops.

Persons: Emily Krivograd Organizations: Starbucks Locations: CosMc’s, CosMc's

☆ Vitamix recalls almost 570,000 blender parts
▼ + stars: | 2024-06-20 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

After dozens of reports of lacerations from exposed blades, Vitamix announced a recall of about 569,000 blending containers and blade bases for its high-powered blenders. All affected customers should immediately stop using the recalled parts, the company said, and contact Vitamix for a repair kit. Vitamix instructed customers who repaired their blenders in the 2018 recall to stop using those blender parts as well. The recall affects all Ascent and Venturist Series 8-ounce blending containers, 20-ounce blending containers, and blade bases. Ascent blenders can retail for up to $749.95 and the Venturist V1200 can retail for up to $549.95 on the Vitamix website.

Persons: Vitamix, Williams Organizations: New, New York CNN, CNN, Consumer Product Safety, Costco, Walmart, QVC Locations: New York, Target, Williams Sonoma

☆ This woman sculpts celebrity busts – from sushi
▼ + stars: | 2024-06-19 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

London CNN —When Ed Sheeran wrote “Shape of You,” he probably didn’t have this vision of himself sculpted from sushi ingredients in mind. The British megastar is just one of several celebrities whose image has been recreated using ingredients like rice, salmon and pickled ginger by British food artist Michelle Wibowo. Wibowo puts the finishing touches to Sheeran, whose pun-y likeness is pictured alongside "Eelton" John and British TV host Alison "Salmond" Hammond. The unusual creations were on display at the CasildArt Gallery in London as part of a collaboration with Japanese food brand Yutaka to mark International Sushi Day on Tuesday. “I’m used to creating sculptures from unconventional materials, but working with sushi ingredients was a whole other kettle of fish!” Wibowo said in a press release sent to CNN by the organizers.

Persons: Ed Sheeran, ”, Michelle Wibowo, Elton John, Benedict Cumberbatch, Harry Kane, Wibowo, Sheeran, Eelton, John, Alison, Salmond, Hammond, Simon Jacobs, PinPep Wibowo, “ I’m, Benedict Cucumberbatch, Edamame Sheeran, Ken Furukawa, “ Organizations: London CNN, England, CNN, Bukayo, Tazaki Foods Locations: British, London

☆ Retail sales rose less than expected in May
▼ + stars: | 2024-06-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +1 min

Washington CNN —Sales at US retailers rose last month at an unexpectedly weak pace as US consumers continue to deal with still-high inflation and elevated interest rates. Retail sales rose just 0.1% in May from the prior month, the Commerce Department reported Tuesday. That’s better than April’s downwardly revised 0.2% decline but below the 0.3% gain economists projected in a FactSet poll. Meanwhile, spending was the strongest at specialty stores that sell sporting goods, books, and musical instruments, which jumped by 2.8% last month. Monthly retail sales have increased four times over the past six months through May, but figures for April and March were revised lower, the Commerce Department said Tuesday.

Persons: That’s Organizations: Washington CNN —, Commerce Department, Federal Reserve

☆ Restaurants bulk up on protein offerings: Here's what to know
▼ + stars: | 2024-06-17 | by ( Kate Rogers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRestaurants bulk up on protein offerings: Here's what to knowConsumers may be spending at restaurants more cautiously, but there's been a bright spot for some companies with specialty protein offerings. CNBC's Kate Rogers joins 'Squawk on the Street' with more.

Persons: there's, CNBC's Kate Rogers

☆ Ben Vautier, Artist Whose Specialty Was Provocation, Dies at 88
▼ + stars: | 2024-06-15 | by ( Alex Williams | ) www.nytimes.com time to read: +1 min

Ben Vautier, a French artist and agitator who often worked under the moniker Ben, and who as a core member of the anti-art collective Fluxus blurred the boundaries of high and low, art and life, while adhering to the credo “Everything is art,” died on June 5 at his home in Nice, France. He died by suicide shortly after his wife, Annie Vautier, a performance artist he married in 1964, died of a stroke, his children, Eva and Francois, posted on social media. “Unwilling and unable to live without her,” they wrote, “Ben killed himself a few hours later at their home.”Theirs was an intense, if tangled, relationship. “We called her “Sainte-Annie,” Mascha Sosno, a friend, was quoted as saying in a recent article on the France Info website. “They argued all the time, but in fact they adored each other, and he was inseparable from Annie, too.”

Persons: Ben Vautier, ”, Annie Vautier, Eva, Francois, “, “ Ben, Sainte, Annie, ” Mascha Locations: French, Nice, France

☆ Remo Saraceni, 89, Dies; Inventor of the Walking Piano Seen in ‘Big’
▼ + stars: | 2024-06-14 | by ( Alex Traub | ) www.nytimes.com time to read: +1 min

Remo Saraceni, a sculptor, toy inventor and technological fantasist best known for creating the Walking Piano that Tom Hanks and Robert Loggia danced on in a beloved scene of the hit 1988 movie “Big,” died on June 3 in Swarthmore, Pa. Mr. Saraceni died at Mr. Medaugh’s home, where he had been living in recent years. Mr. Saraceni’s specialty was “interactive electronics,” he told New York magazine in 1976. All were powered by what Mr. Saraceni (pronounced SAR-ah-SAY-nee) called “people energy”: the voice, touch and heat of the human body. The power of this sort of technology to enchant its users became a pivotal plot element of “Big,” and in turn the central prop in one of the most fondly recalled scenes in recent movie history.

Persons: Remo Saraceni, Tom Hanks, Robert Loggia, ”, Benjamin Medaugh, Saraceni, Medaugh’s Organizations: Mr, New York Locations: Swarthmore, Pa

The bank also raised its price target to $160 from $115, suggesting 18% upside from Wednesday's close. — Michelle Fox 7:59 a.m.: KeyBanc raises Netflix price target Netflix's growth isn't going to slow down any time soon, according to KeyBanc Capital Markets. — Pia Singh 7:23 a.m.: Bank America raises price target on Boeing Bank of America is weighing the challenges and opportunities Boeing has to make a turnaround. She kept her $38 price target, which implies shares could drop just slightly from its latest close. — Pia Singh 5:45 a.m.: Jefferies names Microsoft a top pick Microsoft is "going for AI gold," according to Jefferies.

Persons: Jefferies, Christine Cho, — Jesse Pound, Clark, Anna Lizzul, Kimberly, — Michelle Fox, Justin Patterson, Patterson, — Pia Singh, Ronald Epstein, Epstein, Oppenheimer, Ulta, Rupesh Parikh, Parikh, Morgan Stanley downgrades Corning, Corning, Morgan Stanley, Meta Marshall, Marshall, Tom O'Malley, O'Malley, AVGO, JPMorgan's Harlan Sur, Timothy Arcuri, Brent Thill, Fred Imbert Organizations: CNBC, Microsoft, Barclays downgrades NextEra Energy Partners, NextEra Energy Partners, Barclays, Bank of America, Clark Bank of America, KeyBanc, Markets, Netflix, Bank America, Boeing Bank of America, Boeing, Broadcom, VMware, Google, UBS, Jefferies Locations: Kimberly, F2H25

☆ With signs of an M&A comeback, Goldman Sachs' bankers are raring to win. Do they still have what it takes following a raft of partner exits?
▼ + stars: | 2024-06-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +13 min

AdvertisementDavid Solomon Goldman SachsPressure-cooker cultureWith signs suggesting mergers and acquisitions could soon return — including the megadeals Goldman specializes in — the firm's dealmakers are itching to end 2024 on a high note. In M&A, Goldman has fallen to No. AdvertisementMark Sorrell Goldman SachsGoldman is also seeking to become more interconnected across its business lines via the One Goldman Sachs program. "They figure that if they're talking to one person at Goldman Sachs, they're talking to everybody." The result, bankers said, is an M&A machine built to withstand threats like star dealmakers leaving for more-nimble rivals.

Persons: —, Goldman Sachs, Bill Quinn, Goldman, Jacki Zehner, Rishi Bali, Hank Paulson, John Thornton, John Thain, David Solomon, Solomon, Dan Dees, What's, David Solomon Goldman Sachs, Gene Sykes, Alison, It's, LSEG, dealmaking, Goldman dealmakers, Momo Takahashi, We've, Mark Sorrell, Mark Sorrell Goldman Sachs Goldman, Sykes, they're, Sorrell, Dees, it's, Dan Dees Goldman Sachs, we're, John Waldron, Kim Posnett, that's, Timothy Ingrassia, Ingrassia, Stephan Feldgoise, I'm, Reed Alexander Organizations: Service, Business, Goldman, JPMorgan, playbook Bank, Wall Street, Competition, & $ Locations: Silicon Valley, London, New York City, Latin America

☆ Evergy CFO Kirk Andrews to replace retiring Con Edison CFO Robert Hoglund
▼ + stars: | 2024-06-10 | by ( Genna Contino | ) www.cnbc.com time to read: +1 min

Evergy Chief Financial Officer Kirk Andrews will leave to replace Consolidated Edison 's current CFO Robert Hoglund, who plans to retire on July 8, the companies announced Monday. Andrews has been CFO of the Midwest utility company since 2021. Evergy said Geoffrey Ley, vice president, corporate planning and treasurer, will be acting CFO as the company conducts an internal and external search to fill the role. Hoglund, who became CFO in 2005, will leave Con Edison after 20 years with the company. He plans to continue to serve as senior vice president in the transition until his official retirement later in the year.

Persons: Kirk Andrews, Robert Hoglund, Andrews, Evergy, Geoffrey Ley, Con Edison Organizations: Consolidated Edison, Midwest, Con, New York, RPM International Inc Locations: New, New York City, Westchester County

☆ I save thousands of dollars and keep clothes out of landfills thanks to buying most of my kids' clothes secondhand
▼ + stars: | 2024-06-09 | by ( Elliott Harrell | ) www.businessinsider.com time to read: +6 min

Instead, I scour the internet and local consignment sales to find clothes secondhand and then resell them after they're done wearing them. Related storiesFacebook is also a great place to buy kids' clothes. AdvertisementElliott Harrell says that it takes time to buy and sell secondhand clothes, but it's worth it. Courtesy Elliott HarrellIt takes work and patience to buy and sell secondhand kids' clothingBuying and selling kids' clothes is a marathon, not a sprint. It takes time and effort, but buying secondhand and reselling is a way to drastically reduce your spending.

Persons: —, they're, Hanna Andersson, Elliott Harrell, Elliott Harrell Here's, You'll, They're, Mini Boden, Beaufort, I've Organizations: Service, Business, Boden, Facebook, Navy, Company Locations: Raleigh , North Carolina

☆ TJ Maxx store workers are wearing body cameras to deter shoplifters
▼ + stars: | 2024-06-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

New York CNN —Hourly retail security workers are now wearing police-like body cameras at major stores. The manufacturer of Taser devices and other security companies are now designing and marketing body cameras specifically for retail workers. “Body cameras are just one of the many ways that we work to support a safe store environment,” the spokesperson said. Bakery chain Greggs gave employees body cameras after a rise in sausage roll thefts and threats from customers. Applebaum also expressed concerns about the information the body cameras are collecting and whether it could be used to stymie union organizing attempts.

Persons: TJ Maxx, John Klinger, “, they’re, ”, TJX isn’t, TJX, Joshua Isner, John Eck, shoplifters, They’re, Ernesto Lopez, Thaddeus Johnson, ” Stuart Applebaum, “ it’s, Applebaum, CNN’s Curt Devine Organizations: New, New York CNN, Marshalls, National Retail Federation, Tesco, CNN, University of Cincinnati, Criminal, Wholesale, Department Store Union Locations: New York, HomeGoods, Florida, Miami Beach

☆ 14 of the best specialty items to get at Aldi this month for under $5
▼ + stars: | 2024-06-01 | by ( Paige Bennett | ) www.businessinsider.com time to read: +1 min

In June, Aldi will offer limited-edition treats, fun drinks, and easy meal options for under $5. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementSummer is almost here, and Aldi's affordable food offerings stand out more than ever as grocery prices continue to rise . Don't miss out — here are some of the best things to get at Aldi this June for under $5.

Persons: — Organizations: Aldi, Service

☆ Activist Elliott wants Texas Instruments to bolster free cash flow. An amicable solution may emerge
▼ + stars: | 2024-06-01 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

Texas Instruments is one of the most iconic semiconductor companies in the world, with a history dating back nearly a century. Over the years, Texas Instruments has differentiated itself with a commitment to manufacturing as a core competitive advantage. In either case, Elliott thinks the company can achieve $9.01 of free cash flow per share. The company's capex plan has decimated free cash flow per share and is building to a 50% excess capacity. Elliott's plan restores the free cash flow per share growth and still builds to a 30% or 39% excess capacity.

Persons: Elliott, It's, Ken Squire Organizations: Texas, Texas Instruments, 13D Locations: COOs, China, Taiwan, U.S, capex, Richardson , Texas

☆ They’re Asian. They’re American. But, They Wonder, Are They Asian American?
▼ + stars: | 2024-06-01 | by ( Amy Qin | ) www.nytimes.com time to read: 1 min

When Dinesh Nepal first arrived in the United States in 2010, he had never heard of the term “Asian American.”He knew that he was of Asian descent. He grew up in a refugee camp in Nepal after his parents were expelled from Bhutan, a landlocked Himalayan nation. And after he moved to Pittsburgh and became a United States citizen, he began calling himself an American. But it never occurred to him to put those two labels together, even after he and his wife opened a shop selling bubble tea — a Taiwanese specialty that is iconic for Asian Americans.

Persons: Dinesh, ” Organizations: United Locations: Dinesh Nepal, United States, Nepal, Bhutan, Pittsburgh

☆ Trump is a convicted felon. Here's what it means for the former president.
▼ + stars: | 2024-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the historic guilty verdict against former President Donald Trump . In a historic verdict, former President Donald Trump was convicted of all 34 criminal counts related to a hush-money payment made to a porn star , write Business Insider's Laura Italiano, Jacob Shamsian, and Natalie Musumeci. AdvertisementIt's the first time a US president has become a convicted felon. This was a rigged trial by a conflicted judge that was corrupt," Trump told reporters in the Manhattan courtroom hallway. Trump told reporters Thursday the "real verdict is going to be November 5 by the people."

Persons: —, Donald Trump, Tyler Le, Laura Italiano, Jacob Shamsian, Natalie Musumeci, Trump, Stormy Daniels, BI's Lloyd Lee, There's, didn't, Chip Somodevilla, Scott Eisen, Joe Biden, Alyssa Powell, Rob Arnott, Bob Elliott, Paul Singer's, Jane Street, Jenny Chang, Rodriguez, Liz Reid, Satya Nadella, Sam Altman, Nadella, Kevin Dietsch, Charles Schwab, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Republican, Trump, NBC, Getty, Wall, Elliott Management, BI, Tech, Sigma, Google, Microsoft, Apple, Big Locations: Giza, Manhattan, Bridgewater, New York, London

☆ US-supplied tanks aren't sufficient in a 'war of drones,' Ukrainian soldier told CNN
▼ + stars: | 2024-05-30 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

1 target, a Ukrainian soldier told CNN. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTanks supplied by the US are not proving helpful enough for Ukrainian soldiers amid a war that has been heavily reliant on drones. Military experts previously told Business Insider that the use cases for the tanks would be limited due to terrain conditions and the lack of tank-on-tank warfare, which is the Abrams' specialty. This story is available exclusively to Business Insider subscribers.

Persons: —, Abrams Organizations: Ukraine, CNN, Service, Military, Business Locations: Ukraine, Ukrainian

☆ Here's the 22-slide pitch deck that got Atropos Health $33 million for its generative AI bot for doctors
▼ + stars: | 2024-05-28 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

A new generative AI tool can create those studies in minutes. That directive informed Atropos' development of ChatRWD, which Atropos Health launched in beta form in October to 75 customers. Atropos says it's the first generative AI tool to create publication-grade studies from clinical data in minutes. AdvertisementAtropos' $33 million Series B funding follows Atropos' $14 million Series A in August 2022, bringing the company's total funding to $54 million. See the 22-slide pitch deck Atropos Health used to raise $33 million in Series B funding.

Persons: —, Brigham Hyde, Valtruis, Jim Breyer's Breyer, Laurene Powell Jobs, Nigam Shah, Saurabh, Hyde, Atropos, Green Button, Green, Johnson, Johnson's Janssen Organizations: Service, Business, Atropos, Cencora Ventures, McKesson Ventures, Merck GHI Fund, Presidio Ventures, Stanford University, National Institutes of Health, Atropos Health, pharma Locations: Geneva, Arcadia

Miss Kim brought in $1.89 million in sales in 2023 and made a net profit of $101,553 for the fiscal year from August 2022 to July 2023. "I started wondering, if I had Korean food or Asian food and I was able to tell this story…what would that look like?" In the fiscal year from August 2016 to July 2017, Miss Kim brought in $699,877 in sales, according to Kim. Doing away with tippingToday, Miss Kim is profitable and thriving, with total sales of $1.89 million in 2023. When Miss Kim first opened, "we decided that we're going to do away with tipped credit and pay people living wage."

Persons: Ji Hye Kim, Kim, Ann Arbor, Miss Kim, Young Kim, Hye Kim Kim, Paul Saginaw, Ari Weinzweig, Zingerman's, Hye Kim, she'd, It's, Kim didn't, Zach Green, Marisa Forziati Organizations: CNBC, U.S, University of Michigan, Dancing Sandwich Enterprises, Miss Locations: South Korea, New Jersey, Ann, Zingerman's, Ann Arbor, Michigan, New York, Saginaw, Korea, Ann Arbor , Michigan, gochujang, U.S, United States, Miss

☆ Rising home equity levels could help stoke pent-up demand for these two stocks
▼ + stars: | 2024-05-27 | by ( Brian Evans | ) www.cnbc.com time to read: +8 min

How long this trend will last is unclear, though it's clear a lot will depend on the direction of interest rates. This dynamic isn't surprising given a high interest rate environment that has pressured consumers. "Elevated interest rates are causing customers to defer their large discretionary projects," UBS analyst Michael Lasser said. "This means that a recovery should be robust as interest rates move lower." "Existing home sales also continue to be a material headwind to remodel activity as long as interest rates remain relatively high," Badishkanian said.

Persons: Richard McPhail couldn't, McPhail, Marvin Ellison, Bradley Thomas, Greg Melich, it's, Michael Lasser, Melich, bode, Wolfe, Greg Badishkanian, Badishkanian, Edward Decker, KeyBanc's Thomas, Ellison, Lowe's, Thomas, Lowe's Ellison Organizations: Home, Federal Reserve, Depot, CNBC, UBS, Home Depot, Wolfe Research, Lowe's, Pro, FactSet Locations: Lowe's, Friday's

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