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☆ For Trump, Doug Burgum Emerges as a Safe Option, and a Wild Card
▼ + stars: | 2024-06-09 | by ( Michael C. Bender | ) www.nytimes.com time to read: 1 min

After taking his software company public in 1997, Doug Burgum gathered a few colleagues in his office and swore them to secrecy. He wanted to uphold the modesty and decorum central to his North Dakota birthright and his chimney-sweeper past, but he was eager to boast about a splashy new purchase. While others splurged on cars or boats, Mr. Burgum’s big reveal was a Bobcat front-end loader — a dirt mover for his ranch near Fargo. “I remember thinking, ‘Yeah, Doug, you’re not big-timing anyone with that one,’” Jeff Young, the software company’s former operations chief, recalled with a laugh. Now the governor of North Dakota, Mr. Burgum’s long-held scruples over being seen as an attention-monger have hurled the longtime Republican out of political obscurity and into the limelight as one of a handful of the leading contenders in Donald J. Trump’s search for a running mate.

Persons: Doug Burgum, “, you’re, ’ ” Jeff Young, Burgum’s, monger, Donald J Locations: Fargo, North Dakota

☆ Is a recession coming? Economists say look at women’s lips
▼ + stars: | 2024-06-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Estee Lauder chairman Leonard Lauder created the lipstick index during the economic downturn following September 11, 2001. In fall 2001, US lipstick sales increased by 11%. “The lipstick index has been substituted with the moisturizing index,” said Freda. But data shows that more expensive prestige beauty sales are outpacing mass, lower-priced beauty sales. What do you see dominating the beauty market in the second half of the year?

Persons: Estee Lauder, Leonard Lauder, Fabrizio Freda, ”, Freda, “, Sephora, Bell, Neela Montgomery, Laura Mercier, We’ve, it’s, Skincare, It’s, we’re, Inflection’s, OpenAI, Sarah Myers West, ” West, Brian Fung, Jerome Powell, Price Organizations: CNN Business, Bell, New York CNN, CNN, Federal Trade Commission, Microsoft, FTC, Justice Department, Google, Nvidia, DOJ, US Department of Treasury, OPEC Monthly, Federal Reserve, US Bureau of Labor Statistics, Signet Jewelers, Federal Locations: New York, Asia

☆ The forgotten racial history of Red Lobster
▼ + stars: | 2024-06-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

“Red Lobster cultivated Black customers. Red Lobster did not respond to CNN’s request for comment on current customer demographics. Red Lobster was not a “place we frequented a whole lot” in its early days, said Harold Dwight, who graduated two years after Boatwright in 1968. Red Lobster later named one of its signature dishes after King: “Walt’s Favorite Shrimp.” King died last year. Red Lobster brought the “outdoor fried fish experience” indoors, Autry said.

Persons: Clarence Otis Jr, Otis, Mardeio Cannon, ” Clarence Otis Jr, Phelan M, Red, Chris Rock, Nicki Minaj, Minaj, “, Jimmy Fallon, Beyoncé, Hurricane, Marcia Chatelain, ”, Bill Darden, Darden, Beverly Boatwright, Harold Dwight, Dwight, Darden’s, Waycross , Georgia —, ” “, Jim Crow ”, John Fluker, Horace Thomas, Walter King, ” King, “ They’ve, we’ve, Michael Nagle, Robyn Autry, Autry Organizations: New, New York CNN, Red Lobster, Darden, CNN, Sacramento Observer, Darden Restaurants, University of Pennsylvania, Civil, Lakeland, NAACP, Bloomberg, Getty, Wesleyan University Locations: New York, America, Black America, McDonald’s, Lakeland , Florida, Lakeland, Waycross , Georgia, Okefenokee, Waycross, Georgia

☆ Apple prepares for its 2024 WWDC event
▼ + stars: | 2024-06-08 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

CNN —Apple is on the verge of kicking off perhaps its most important event in years as it faces a gauntlet of challenges. Apple is expected to team up with ChatGPT creator OpenAI Jaap Arriens/NurPhoto/Getty Images/FileA strategic partnershipIn the spring, Apple was reportedly discussing partnership opportunities with both OpenAI and Google to power its AI tools. But now the company is believed to have inked a deal with the ChatGPT creator, a partnership Apple could elaborate on during the opening keynote on Monday. Apple aligning itself with a company and a technology that have yet to win public trust could pose some risks for Apple down the line. Generative AI could potentially propel the headset into another level of personalization and immersion and usher in new use cases for businesses, particularly in the education and medical spaces.

Persons: OpenAI, ”, Tim Cook, Dan Ives, Here’s, Siri, Suzanne Plunkett, –, ” Thomas Husson, Forrester, Reece Hayden, OpenAI Jaap Arriens, Apple, ” Hayden, Hayden Organizations: CNN, Developers Conference, Nvidia, ” Apple, Apple, Apple Intelligence, Bloomberg, ABI Research, Google, Fortune, Apple Vision, Gartner Locations: China, Washington

☆ Renting an electric car for the first time? What could go wrong?
▼ + stars: | 2024-06-08 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Lydia Wu had never driven an electric vehicle before she rented a car from Avis last February. Rental car companies may have overestimated their customers’ readiness for a switch, though. In my case, I’ve rented EVs from Turo, a peer-to-peer car rental platform that’s sort of like Airbnb but for cars. Customer service as keyJoulez, an EV rental company, rents its fleet through its own website as well as through Turo. But not everyone has such a bad time when renting an EV from a big rental car company.

Persons: Lydia Wu, Wu, EVs, Hertz, Stephen Scherr, it’s, ” Hertz, Doug Jensen, Tesla, ”, “, ” Wu, I’ve, Micah Bergdale, they’re, Joulez, Jay Waldron, Waldron, Kia Organizations: CNN, Avis, Cox Automotive, Tesla, General Motors, Hertz, Kia, EV, Turo, Hyundai Kona EV, National Locations: Kansas City , Kansas, Hertz, San Diego, it’s, Polestar, New York City, “, Turo, Georgia, Washington, DC

☆ Tesla Shareholders Will Vote on Elon Musk’s Big Payday. What Happens Then?
▼ + stars: | 2024-06-08 | by ( Michael J. De La Merced | Sarah Kessler | ) www.nytimes.com time to read: +1 min

After months of fighting over a pay package promised to Elon Musk six years ago — one that included stock grants now worth about $56 billion — matters are finally coming to a head. At Tesla’s annual meeting on Thursday, shareholders are set to vote on whether to reapprove the compensation deal after a Delaware judge voided it in January. The outcome could shift Musk’s relationship with the company, and Tesla officials aren’t taking any chances. Regardless of the vote’s outcome, further lawsuits and other battles may follow, some of which could test the corporate legal system. Here’s our guide to how different situations could play out.

Persons: Elon Musk, Tesla, ” Robyn Denholm Organizations: Elon Locations: Delaware

☆ Google cut Uncle Sam a $2 million check so it could avoid a jury trial. A judge just agreed
▼ + stars: | 2024-06-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —A US federal judge ruled on Friday that an antitrust lawsuit brought by the US government against Google will be decided by a judge and not a jury after Google wrote the government a check, paying back the full amount of monetary damages the lawsuit sought. The case regarding Google’s advertising technology is the first antitrust suit against a Big Tech company brought by the Biden administration. US District Judge Leonie Brinkema’s decision on Friday is a setback for the Justice Department, which sought a jury trial for the case. We’re glad the Court ruled that this case will be tried by a judge,” Schottenfels said. We look forward to making our case in court.”A hearing is set for June 21 on Google’s motion for summary dismissal, which would terminate the case without a trial.

Persons: Biden, Leonie Brinkema’s, Brinkema, —, Peter Schottenfels, “ DOJ’s, We’re, ” Schottenfels, we’ve, ”, Brian Fung Organizations: CNN, Google, Big Tech, Justice Department, DOJ

☆ Nvidia CEO Jensen Huang is given the rockstar treatment in AI-powerhouse Taiwan
▼ + stars: | 2024-06-07 | by ( Wayne Chang | Will Ripley | ) edition.cnn.com time to read: +6 min

Taipei, Taiwan CNN —When Nvidia surpassed Apple this week to become America’s second most valuable company, its CEO Jensen Huang was being feted like a rockstar in his birthplace Taiwan. Taiwan media has dubbed the phenomenon “Jensanity.”He’s not the only celebrity CEO in town. The United States has imposed a number of restrictions on the export of AI chips to China. Late last year, Chinese tech giants like Tencent were rushing to stockpile AI chips before those curbs took hold. “Taiwan in particular is very important to the semiconductor ecosystem.”People attend Computex 2024 in Taipei, Taiwan, on June 4, 2024.

Persons: Jensen Huang, Huang, ”, gesturing, ” He’s, Lisa Su, Pat Gelsinger, Cristiano Amon, —, isn’t, Hwa Cheng, OpenAI, ” Christopher Miller, China’s, “, CNN Huang, Computex, Lai Ching, AMD’s Su, We’ve, Joe Biden Organizations: Taiwan CNN, Nvidia, Apple, AMD, Intel, Qualcomm, Getty, “ Tech, Technology, CNN, Media, Communist Party, United, “, Chips Locations: Taipei, Taiwan, Computex, AFP, Beijing, United States, China, “ Taiwan, America, Asia

☆ Samsung Electronics’ workers in South Korea go on strike for the first time ever
▼ + stars: | 2024-06-07 | by ( Yoonjung Seo | Diksha Madhok | ) edition.cnn.com time to read: +2 min

Seoul CNN —A labor union at Samsung Electronics in South Korea said many workers went on strike Friday, marking the first such walkout in the smartphone and chipmaking giant’s 55-year history. The Nationwide Samsung Electronics Union (NSEU) said last week that its 28,000 members — just under a quarter of the company’s total workforce in the country — would stage a one-day strike on June 7, following failed negotiations over pay and bonus arrangements. A Samsung spokesperson told CNN that, “there is no impact on production and management activities” as a result of the one-day walkout. The vast majority of the world’s advanced microchips are made in just two places: Taiwan and South Korea. Taiwan’s industry is larger and more dominant, something South Korea is keen to challenge.

Persons: —, Son Woomok, Anthony Wallace, chipmaker Organizations: Seoul CNN, Samsung Electronics, Nationwide Samsung Electronics Union, CNN, Reuters, Samsung, SK Hynix, Micron Technology, Getty, Intel Locations: Seoul, South Korea, AFP, Taiwan

☆ IKEA wants to pay real people to work in its new store inside Roblox game
▼ + stars: | 2024-06-07 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

London CNN —IKEA has put a new spin on remote working, seeking 10 real-life staff to work in its Roblox virtual store that opens on June 24 and becoming the first brand to offer paid work on the gaming platform. “This is not the typical IKEA job,” the Swedish flatpack giant said in the listing for jobs in its Roblox outlet, called “The Co-Worker Game.”IKEA is launching a new game. IKEA is expanding into the virtual world. IKEA is not the first brand to enter the virtual world, following in the footsteps of Walmart (WMT), among others, which created a virtual Roblox store allowing users to buy physical items and receive them in the mail. It wasn’t immediately clear whether customers will be able to buy real IKEA products through its game.

Persons: Brandon Bell Organizations: London CNN, IKEA, Ikea, Walmart, CNN Locations: Swedish, United Kingdom, Ireland, London, United States

☆ Wall Street is putting its foot down as ‘Roaring Kitty’ sends GameStop soaring again
▼ + stars: | 2024-06-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +9 min

That means that Gill has the right to purchase 12 million shares of GameStop at $20 apiece by a set expiration date. GameStop shares closed Wednesday at $46.55 a share, more than double the price locked in by those options. Gill hasn’t explicitly told anyone to buy GameStop shares or that he thinks it’s headed to the moon. In comparison, shares of GameStop and AMC Entertainment have surged 167% and 99%, respectively, since Gill’s return to social media. Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Feb. 18, 2021.

Persons: Kitty, Keith Gill, Gill, Michael M, Gill hasn’t, it’s, Jay Woods, Woods, hasn’t, Morgan Stanley, Gill isn’t, copycats, Warren Buffett, Berkshire Hathaway, Buffett, Chubb, ”, Bill Galvin, Gill’s, Hanna Ziady, Christine Lagarde —, ” —, Read, OpenAI, Brian Fung, Inflection’s, didn’t, Keith Gill’s Organizations: CNN Business, Bell, New York CNN, GameStop, AMC Entertainment, CNN, Gamestop, New York Stock Exchange, Street, Freedom Capital, Berkshire, The Securities, Exchange Commission, SEC, Financial, Traders, stoke, Wall, Retail, Roaring Kitty YouTube, European Central Bank, US Federal Reserve, Bank of England, ECB, Federal Trade Commission, FTC, Justice Department, Microsoft, Google, Nvidia, of Justice Locations: New York, New York City, Massachusetts, Washington, Europe

☆ BYD vs Huawei: Trash talking by China’s EV giants highlights pressures at heart of world’s biggest car market
▼ + stars: | 2024-06-07 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —As profit margins get squeezed, temperatures are rising in the world’s biggest car market. A tense exchange between two major Chinese electric vehicle (EV) manufacturers in recent days highlights the pressures they face as a price war in the industry intensifies. While top executives from the EV industry often post on social media about a range of topics, including technology and advertising, they rarely name rival companies, especially when criticizing them. In recent months, a price war has escalated in China’s hyper-competitive EV industry, with manufacturers battling for consumer attention with deep discounts or newer, cheaper models. The country has more than 200 EV manufacturers who are grappling with huge oversupply and slowing consumer demand.

Persons: Yu Chengdong, ”, Elon Musk, Tesla, ” Yu, Joe Biden, Mr Yu, ” Li Yunfei, Huawei's, Li, Wang Chuanfu, BYD, Wang Organizations: Hong Kong CNN —, BYD, European Union, Huawei Locations: China, Hong Kong, Shenzhen, BYD, Weibo, Shanghai

☆ Opinion: Apple can still get back to its golden age
▼ + stars: | 2024-06-07 | by ( Opinion Jeff Yang | ) edition.cnn.com time to read: +10 min

Jeff Yang CNNNaturally, Apple has locked down the details of the revelations it plans on releasing on Monday tighter than Fort Knox. Apple CEO Tim Cook introduces Apple Vision Pro, a mixed reality headset, at Apple Park in Cupertino, CA, on June 5, 2023. What’s the songs-in-your-pocket equivalent for Vision Pro? But so far, if Apple is looking to reclaim its real-world relevance, Vision Pro isn’t it — yet. Let’s hope that at this WWDC, the company defiantly ignores last year’s laughter and continues to look, and think, different.

Persons: Jeff Yang, Bruce ”, “, CNN —, Jeff Yang CNN, OpenAI, Tim Cook, Steve Jobs, Brooks Kraft, Jobs, Cook, Ive Organizations: CNN, Conference, Apple, Huawei, International Trade Commission, Justice Department, Vision, Apple Vision, Apple Inc, Apple Watch, MacBook Air, Twitter, Facebook, mojo Locations: Asian America, America, Knox, China, Cupertino , CA, manila, WWDC

☆ SpaceX’s Starship launches for a fourth time
▼ + stars: | 2024-06-06 | by ( Ashley Strickland | Jackie Wattles | ) edition.cnn.com time to read: +7 min

CNN —SpaceX’s Starship, the most powerful launch vehicle ever built has lifted off on its fourth flight test on Thursday. The flight test comes two days after the Federal Aviation Administration, which licenses commercial rocket launches, gave SpaceX its approval. “The fourth flight of Starship will aim to bring us closer to the rapidly reusable future on the horizon,” according to SpaceX. After the explosive first and second Starship test flights, the company immediately sought to frame these mishaps as successes. But both the Starship spacecraft and booster made it farther into flight than the two previous tests in 2023.

Persons: CNN — SpaceX’s, “, “ We’re, Chandan Khanna, Elon Musk, Topping, Artemis —, Artemis Organizations: CNN, SpaceX, Federal Aviation Administration, NASA’s, Program, Boeing, NASA, International Space, Super, Getty Locations: Boca Chica , Texas, Gulf, Mexico, United States, China

☆ Alex Jones agrees to liquidate his assets to pay Sandy Hook families, in move that would end his ownership of Infowars
▼ + stars: | 2024-06-06 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —Right-wing conspiracy theorist Alex Jones on Thursday moved to liquidate his personal assets, agreeing to demands from the families of Sandy Hook victims whom he owes more than $1.5 billion in damages over his lies about the 2012 school massacre. Jones technically has not controlled the Infowars business for some time, given that Free Speech Systems has also filed for bankruptcy protection. A hearing is scheduled for next Friday to determine the fate of Free Speech Systems’ bankruptcy. But regardless of what happens in that case, Thursday’s legal move sets the stage for a court-appointed trustee to liquidate Jones’ personal assets, which includes his stake in Infowars. The liquidation of Jones’ assets does not mean that Infowars will cease to exist.

Persons: Alex Jones, Sandy Hook, Jones, ” Avi Moshenberg, ” Chris Mattei Organizations: CNN, Systems Locations: Connecticut, Texas, Infowars

☆ Starbucks teams up with Grubhub on delivery
▼ + stars: | 2024-06-06 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks is teaming up with Grubhub as it tries to boost sales after a challenging quarter. By August, Starbucks items should be available on Grubhub throughout the country, the company said. Prior to the Grubhub partnership, customers could already order Starbucks items via DoorDash and Uber Eats. Since the pandemic, more consumers have been getting their cafe and restaurant orders to-go, via delivery or pickup. In addition to broadening access to delivery, Starbucks is taking other steps to try to jumpstart sales, like updating its app, offering new menu items and testing staying open overnight.

Persons: Uber, Laxman Narasimhan, ”, Meg Mathes Organizations: New, New York CNN, Starbucks Locations: New York, Pennsylvania , Colorado, Illinois, U.S

☆ Shoppers are hyper-focused on ‘value.’ That doesn’t mean buying the cheapest option
▼ + stars: | 2024-06-06 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +5 min

Bargain retailers like Walmart and Costco have benefitted, as shown by the retailing industry’s recent slew of first-quarter earnings releases. Sales at its stores open at least a year increased 3.8% in the quarter from the same time last year. Which means that Americans are still spending, but selectively, and that “value shopping” means different things to different people. “A sizable segment of them are focused on value, however, that doesn’t directly correlate to a low price. Shoppers are willing to spend if they see value in an on-trend, well-made dress from Abercrombie – or a healthy salad from Sweetgreen.”

Persons: They’ve, What’s, ”, Neil Saunders, ” Saunders, Fitch, Stephanie Keith, Lilly Pulitzer, Laura Alber, Anne Hathaway, Della Patria, Elisabetta Villa, Richard Dickson, Zak Stambor, eMarketer, ” Stambor, “, Abercrombie – Organizations: New, New York CNN, Walmart, Costco, GlobalData, CNN, Abercrombie, Bloomberg, Getty, Hollister, Sonoma, Navy, Banana, “, Shoppers Locations: New York, Sonoma, Elm, Williams, Rome, Italy, Europe, Banana Republic

☆ Microsoft’s AI deal under federal investigation
▼ + stars: | 2024-06-06 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Any investigations would focus on whether the companies have used their dominant positions in the AI industry to harm competition. Microsoft, Inflection and Google didn’t immediately respond to a request for comment; Nvidia and OpenAI declined to comment. For years, technology critics and regulators have worried that major tech companies may be monopolizing entire sectors of the economy. One way for tech giants to wield anticompetitive influence in the AI sector, critics say, is through exclusive partnerships with AI startups. Those types of deals, including Microsoft’s relationship with OpenAI, is the subject of an ongoing study by the FTC announced in January.

Persons: OpenAI, Inflection’s, Google didn’t Organizations: Washington CNN, Federal Trade Commission, FTC, Justice Department, Microsoft, Google, Nvidia, CNN, of Justice, ’, European Union, Apple, Meta Locations: United States

☆ It’s all about fun and games now at these dead former Sears stores
▼ + stars: | 2024-06-06 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

New York CNN —In Florida, a handful of dead mall anchor Sears stores, left vacant and unmoored by the iconic retailer’s bankruptcy six years ago, are being jolted back to life. Oca said all venues Elev8 Fun uses are converted commercial spaces of more than 100,000 square feet. Construction began in the empty Sears stores at the citrus Park Mall in early 2022 and the facility opened in May 2023. The team also studied the local demographic and competitors to decide which attractions made sense to include in each new Elev8 Fun center. So we decided to put all of the attractions that we could into that former Sears store,” Oca said.

Persons: Oca, ”, Solomon, Victor Calanog, ” Calanog, “, pickleball, Elev8, Lainie Solomon Calanog, Lainie Solomon, “ Sanford, Jim Hull, “ I’m, ” Hull Organizations: New, New York CNN, Sears, Design Lab, CNN, Oca, Seminole, Treasure, Miami International, Entertainment, Manulife Investment Management, Industry, Construction, Walt Disney World, Universal Studios, Hull Property Group, ” Hull Locations: New York, Florida, Tampa , Florida, Sanford , Florida, Tampa, Jensen, Miami, Sanford, Orlando, Hull, Citrus

☆ Palestinian-American sues Meta, alleging speech discrimination on platform
▼ + stars: | 2024-06-05 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

CNN —A Palestinian-American engineer has sued the social media giant Meta, accusing his former employer of discriminating against pro-Palestinian speech on its platforms and of wrongfully firing him after he investigated the issue as part of his official duties. “The employee was dismissed for violating Meta’s data access policies, which we make clear to employees will result in immediate termination,” Meta spokesperson Andy Stone said in a statement to CNN. When Hamad flagged the matter late last year to colleagues within the same team, he allegedly began to receive communications from Meta employees outside of the team pressuring him to drop the investigation. The firing took place against the backdrop of other examples of company bias against pro-Palestinian speech, Hamad alleges. The lawsuit also cites a December 2023 report by Human Rights Watch documenting claims that Meta unreasonably suppressed peaceful pro-Palestinian speech.

Persons: Ferras Hamad, Ukraine —, Meta, Hamad, Andy Stone, “, ” Weeks, Hamad “ Organizations: CNN, Meta, Human Rights Locations: Gaza, Ukraine, California, Santa Clara County

☆ Boeing Carries NASA Astronauts to Orbit in ‘Milestone’ Starliner Flight
▼ + stars: | 2024-06-05 | by ( Kenneth Chang | ) www.nytimes.com time to read: +1 min

After two trips to the launchpad that did not end up going to space, two NASA astronauts finally headed to orbit on Wednesday in a vehicle built by Boeing, the aerospace giant. Boeing is now set to also provide that service, but a series of costly delays repeatedly kept astronauts from flying the company’s vehicle earlier. SpaceX, once seen as an upstart, has flown 13 crews to orbit in total. The long awaited flight of the Boeing vehicle is the latest step in NASA’s efforts to rely more heavily on the private sector for its human spaceflight program. “This is another milestone in this extraordinary history of NASA,” Bill Nelson, the NASA administrator said during a news conference after the launch.

Persons: Bill Nelson Organizations: NASA, Boeing, SpaceX, International Space Station Locations: Starliner

☆ How a humble Indian fabric became a symbol of luxury in 1960s America
▼ + stars: | 2024-06-05 | by ( Christy Choi | ) edition.cnn.com time to read: +9 min

But this staple of preppy American fashion has humble origins, far from Martha’s Vineyard or the hallways of Yale or Harvard, in Chennai, India, the coastal city from which it takes its name. Krishnan Nair,” a biography of the Indian textile magnate and hotelier who first sold Jacobson the madras, in a video interview with CNN. From Chennai to shores of the CaribbeanFort St. George was established in the 1630s, helping the British cement a monopoly on the highly lucrative Indian textile industry. Research by the London School of Economics estimates that Indian cotton textiles, which were often exchanged for slaves, accounted for 30% of the total export value of 18th century Anglo-African trade. A madras fabric weaving workshop in Chennai, the Indian city once known as Madras, circa 1990.

Persons: Lisa Birnbach’s “, Ralph Lauren, Brooks, William Jacobson, ”, Bachi Karkaria, Captain C.P, Krishnan Nair, Jacobson, Tony Cenicola, Karkaria, — Nair, “, ’, David Ogilvy, Leonard McCombe, Nair, Ogilvy, Elihu Yale, George, Hathaway, India Madras ”, Eli Yale, King George I, Hathaway Yale, Yale, Kai Toussaint Marcel, Marcel, Tommy Hillfiger, Kimberly M, Jenkins, Patrick Horvais, madras “ Organizations: CNN, Brooks Brothers, Yale, Harvard, New York Times, Milton Academy, madras, Ivy League, East, Yale College, Yale University, Yale . Yale, East India Company, Metropolitan Museum of Art, Parsons School of, London School of, Princeton, Miss College, Sports Locations: madras, Bahamas, Chennai, India, Madras, West Africa, Milton , Massachusetts, superstardom, East India, Fort St, India Madras, Scottish, North Africa, Nigeria, America, Caribbean, St, West Indies, England, France, New Orleans, East Coast, Bermuda, madras Bermuda, Rhode Island, Newport, South Florida, Palm, Fisher

CNN —AT&T’s second prolonged outage so far this year left customers irate on Tuesday, with experts criticizing the company’s response and saying the wireless company risked losing user loyalty over the issues. Because of the problem connecting to other carriers, thousands of Verizon customers also reported a service outage on Down Detector Tuesday. In a statement Tuesday, AT&T said it had resolved the outage and that calls between AT&T customers were not impacted. Tens of thousands of AT&T customers in America could not make phone calls, send texts, reach emergency services or access the internet. After two consecutive outages and a March data breach, North said AT&T needs to work to regain customer trust.

Persons: ”, Mojtaba, ” Vaezi, Karen North Organizations: CNN —, Verizon, Wireless, Laboratory, Villanova University, CNN, University of Southern, & & Locations: New York City, Chicago, Philadelphia, Dallas, Pittsburgh, Indianapolis, America, University of Southern California, Camden County , Georgia, Scranton , Pennsylvania

☆ Lululemon dominated the pricey athleisure market for years. Now it faces big competition
▼ + stars: | 2024-06-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

The departure of the company’s chief product officer adds to a “wall of worry” Raymond James analysts said. Choe joined Lululemon more than seven years ago and became chief product officer in 2018, according to her LinkedIn. “I think that there’s a lot of people out there who believe that she was the person behind the scenes and was the most instrumental to Lululemon’s success,” Nikic said. Lulu has been “hyper aware” of dupe culture, Nikki Neuburger, then its Chief Brand Officer, previously said in an interview with CNN Business. However, Lululemon wasn’t stocked enough in these smaller sizes, which could have led these younger shoppers to competitors, Nikic said.

Persons: New York CNN —, Lulu, Alo, –, Sun Choe, ” Raymond James, Choe, Raymond James, Tom Nikic, “, ” Nikic, Mike Kemp, Vuori, Nikki Neuburger, Hailey Bieber, Martha Stewart, Lululemon, Nikic, Calvin McDonald, Samsul Said Organizations: New, New York CNN, preteens, Nike, Wall, Vans, CNN, Jefferies, CNN Business, Shoppers, Bloomberg, Getty Locations: New York, athleticwear, Covent, London, United Kingdom, Los Angeles, preteen, Bukit Bintang, Kuala Lumpur, Malaysia, China

☆ Walmart starts bonus program for hourly workers
▼ + stars: | 2024-06-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +1 min

New York CNN —Walmart, America’s largest private-sector employer, is starting a bonus program for its hourly employees. Walmart has an outsized impact on the labor market for hourly workers , and has been grappling with finding and retaining the workers it needs in a tight labor market. The company has 1.6 million US employees, of which nearly 1.5 million are hourly workers. It said this new program covers about 700,000 of those hourly employees who work in stores. Walmart boosted the average pay of its store managers from $117,000 to $128,000, or by just over 9%, the retailer announced earlier this year.

Persons: – CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Walmart Locations: New York

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