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Starting Monday, the Minneapolis-based discounter said companies that work with Shopify can apply to join Target Plus, its third-party marketplace. Target's marketplace creates a "halo" and is "an accelerant to the total business," she said. Target Plus has only a tiny fraction of the revenue and sellers of other third-party marketplaces. Sylvester would not say how much of that came from ads bought by Target Plus sellers. Target does not offer fulfillment services, instead relying on Target Plus sellers to store, pack and ship their own goods.
Persons: discounter, Cara Sylvester, Shopify, Sylvester, Target, Ban, Sellers, Doug McMillon Organizations: Target, CNBC, Walmart, Amazon, eBay, Marketplace, Brands Locations: Minneapolis, Walmart's U.S
The median US apartment is unaffordable for 61% of renters, according to a new Redfin analysis. That's due to the climb in rent prices during the pandemic, with the median rent surging 23%. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRents in the US are so expensive that less than half of renters can afford the typical US apartment, according to a new analysis from Redfin. That means just 39% of renters can afford to pay the median monthly rent of $1,653, assuming that renters spend 30% or less of their income on housing a month.
Persons: Redfin, Organizations: Service, Business
CNN —Authorities on the Spanish island of Tenerife continue to search for British teenager Jay Slater, who has been missing for a week after attending a music festival. Slater, 19, went missing after attending the NRG festival in the south of the island, and was last heard from between 8 and 9 a.m. local time (3-4 a.m. The campaign was organized by a friend of Slater’s named Lucy Mae, who said she had left the festival before Slater on Sunday. A search-and-rescue team looks for Slater near where he was last seen in Tenerife. Slater’s disappearance comes after a spate of tourists going missing in sweltering temperatures in Greece.
Persons: Jay Slater, Slater, Slater’s, Lucy Mae, James Manning, , , Jay’s, Monica Garrett, Garrett Organizations: CNN, Authorities, NRG, Guardia, Guardia Civil, Lancashire Police Force, United, Foreign Locations: Tenerife, Guardia, Slater’s, Lancashire, England, British, Spain, Spanish, Africa, Greece
Disney and Pixar's "Inside Out 2" could be the first film since Warner Bros.' "Barbie" to top $1 billion at the global box office. "Inside Out 2" has yet to open in Japan, which contributed nearly $33 million to the $850.5 million global total of the first film in 2015. Before "Inside Out 2," no Disney animated feature from Pixar or Walt Disney Animation had generated more than $480 million at the global box office since 2019. "'Inside Out 2's' performance is the culmination of many things," said Shawn Robbins, founder and owner of Box Office Theory. Last year, that audience came out in droves for Universal's "The Super Mario Bros. Movie," which generated more than $1.36 billion at the global box office.
Persons: Phyllis Smith, Amy Poehler, Paul Dergarabedian, Shawn Robbins, Mario, Robbins, NBCUniversal Organizations: Disney, Warner Bros, Pixar, Walt Disney Animation, Force, Mario Bros, Comcast, CNBC Locations: Japan, NBCUniversal
The first-of-its-kind initiative would give each resident $750 a year by taxing corporations. Basic income programs throughout the country have delivered promising results. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Secretary of State's office must still certify the signatures before the measure can officially be added to the November ballot.
Persons: UBI, Organizations: Service, Beaver, Oregonian, Business Locations: Oregon
The first-of-its-kind initiative would give each resident $750 a year by taxing corporations. Basic income programs throughout the country have delivered promising results. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOregon voters may soon decide if the Beaver State will be the first in the country to implement a universal basic income program that would put cash in residents' pockets by taxing corporations. The Secretary of State's office must still certify the signatures before the measure can officially be added to the November ballot.
Persons: UBI, Organizations: Service, Beaver, Oregonian, Business Locations: Oregon
Oil extends losses as strong dollar weighs on commodities markets
  + stars: | 2024-06-24 | by ( ) www.cnbc.com   time to read: +1 min
Oil prices fell in early Asian trade on Monday for a second straight session, weighed down by a stronger dollar after concerns of higher-for-longer interest rates resurfaced and cooled investors' risk appetite. Brent crude futures slid 40 cents, or 0.5%, to $84.84 a barrel by 0036 GMT, after settling down 0.6% on Friday. U.S. West Texas Intermediate crude futures were at $80.34 a barrel, down 39 cents, or 0.5%. In Ecuador, state oil company Petroecuador has declared force majeure over deliveries of Napo heavy crude for exports following the shutdown of a key pipeline and oil wells due to heavy rains, sources said on Friday. In the U.S., operating oil rigs fell three to 485 last week, their lowest since January 2022, Baker Hughes said in its report on Friday.
Persons: Brent, Tony Sycamore, Petroecuador, Baker Hughes Organizations: Midland, . West Texas, U.S, PMI, IG, greenback, ANZ Locations: Odessa, Texas, Sydney, U.S, Gaza, Ecuador
How Support for Britain’s Conservative Party is Collapsing2024 polls suggest the Conservatives may lose most of their seats. Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. 3% Other Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. 3% Other Most Conservative voters plan to vote for somebody else 2019 election 2024 election polling Fewer than half of Conservative voters say they are sticking with the party. How party support has changed since the 2019 election Conservative party Conservative support has dropped across the board, even among older voters who formed their base.
Persons: Mori, Ipsos Mori, Survation YouGov Ipsos Mori, Nigel Farage, Rishi Sunak’s, Liz Truss, David Cameron, pollsters, , Keir Starmer, It’s, Starmer, Boris Johnson, Farage, , Will Jennings, ” Mr, Jennings Organizations: Britain’s Conservative Party, Conservatives, Labour, Conservative, Health, Crime Defense, Housing Education Education Brexit Defense, Welfare, National Health Service, Liberal Democrats, Greens, Conservative Party, Bristol Central, Green, Labour Conservatives S.N.P, Dems, Greens Plaid Cymru Reform, Northern Ireland, Northern, Brexit, University of Southampton, Locations: British, Britain, YouGov, Russia, Europe, Britain’s, Israel, Gaza, England, Northern Ireland, Midlands, England's, London
GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. The ideal outcome China wants is for the European Commission to revoke its tariff decision by July 4 and adhere to World Trade Organization rules, Global Times reported, quoting observers. China has firmly opposed the tariffs, saying the move was "blatant protectionism" and could violate WTO rules, its commerce ministry said on June 14. A Chinese official told CNBC last week that the EU's probe into Chinese EVs was overly selective and that the results were not credible. Read the full report on Global Times.
Persons: Chen Yihang, Wang Wentao, Valdis Dombrovskis, EVs Organizations: Auto Guangzhou, China Import, Export, Getty Images, Union, Global Times, European Commission, World Trade Organization, EV, CNBC Locations: GUANGZHOU, CHINA, Guangzhou, Guangdong Province of China, China, Beijing
Mustafa Tovi, 45, draws a base salary of $168,000 as a Walmart store manager. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMustafa Tovi, 45, has spent more than half his life working at Walmart and has no regrets building his career with the big-box retailer. The Walmart manager said his base salary was recently raised to $168,000, a 17% increase from his original base salary of $143,000 last year. This story is available exclusively to Business Insider subscribers.
Persons: Mustafa Tovi, , Tovi, Fortune Organizations: Walmart, Service, Business
LONDON — Britain's ruling Conservative party has become embroiled in a scandal concerning allegations that senior officials used inside knowledge to win bets on the date of the general election. Nick Mason, chief data officer for the Conservative Party, is the latest Tory official to be probed by the Gambling Commission, according to a report in The Sunday Times. CNBC was unable to immediately confirm this and the Conservative Party has not yet responded to a request for comment. Conservative MP for Montgomeryshire Craig Williams, who is also a close aide to the prime minister, was the first to face questions regarding a bet on the election date. The Conservative Party's campaign director Tony Lee, and his wife, Laura Saunders — the party's candidate in Bristol North West — are also being looked into by the Gambling Commission.
Persons: Rishi Sunak, Sunak, Nick Mason, Sunday Times . Mason, Montgomeryshire Craig Williams, Williams, Tony Lee, Laura Saunders —, Lee, Saunders Organizations: Conservative, Conservative Party, Tory, Gambling, Sunday Times, British, CNBC, Montgomeryshire, Bristol North, Commission, Independent, Metropolitan Police, Professional, Independent Office, Police
The promise of a more rapid climb up the corporate ladder has made Alpine's CIT program incredibly popular. While it's too soon to know how Alpine's CIT program ranked this year, it received 750 applications for just 12 slots. AdvertisementAnderman's own non-conventional career took her from college dropout to ballet dancer to the world of international development to business school. When she interviewed for her job at Alpine, Weaver asked how she could handle the job with no prior experience. — Alpine's founder and CEO — Alpine's founder and CEOThe first attribute the company looks for is IQ, but not in the traditional kind.
Persons: , it's, Tal Lee Anderman, you've, Tal Lee Anderson, Graham Weaver, GSB, Weaver, whittle, Anderman, David Wurtzbacher, Wurtzbacher, they're, Geoff Smart Organizations: Service, Business, CIT, Harvard Business School, Stanford's, School of Business, Wharton School, University of Pennsylvania, Harvard, Tal Lee Anderson Alpine, Stanford, Wharton, Kellogg School of Management, Northwestern, University of Chicago Booth School of Business, Alpine, Alpine's San, Citadel, Yale Law School, America Locations: Alpine's, Alpine's San Francisco, Blackstone, Anderman, Manhattan, Jackson , Mississippi, Hong Kong
World’s best airline for 2024 named by Skytrax
  + stars: | 2024-06-24 | by ( Barry Neild | ) edition.cnn.com   time to read: +7 min
We look forward to more wins in the future.”Close-run contestSaudia was named by Skytrax as winner of the World's Most Improved Airline award. Singapore also won for Best First Class service and Best Airline in Asia. ANA, meanwhile, picked up the accolade for World’s Best Airport Services, as well as Best Airline Staff Service in Asia. Saudia was named World’s Most Improved Airline, beating Taiwan’s Starlux and Iceland’s Play into second and third places. Delta Air Lines was declared the Best Airline in North America, also picking up the award for Best Airline Staff Service for the region.
Persons: weren’t, , Edward Plaisted, Badr Mohammed Al, Meer, Saudia, Skytrax, Nicolas Economou, Tan, Tan Pee Teck, Taiwan’s Starlux, Singapore’s Scoot, Tony Fernandes, , ISMOYO, Vistara, airBaltic Organizations: CNN, Qatar Airways, Hamad International, Dubai, Boeing, Airbus, Singapore Airlines, Dubai’s Emirates, ANA All Nippon Airways, Hong, Cathay Pacific, Japan Airlines, Turkish Airlines, Air France, Swiss International Airlines, Singapore, Best, ANA, World’s Best, Services, Best Airline Staff Service, AirAsia, Airline, Airasia, Rai International, Getty, Bangkok Airways, Fiji Airways, Ethiopian Airlines, Hainan Airlines, China . Delta Air Lines, Airlines, Emirates, Cathay, Air, Swiss International Air Lines, Korean, British Airways, Iberia, Virgin, Lufthansa, Etihad Airways, Saudi, Saudi Arabian Airlines, Garuda, Cathay Pacific Airways, Thai Airways, Malaysia Airlines, Transavia, Vueling Airlines, Ryanair, SKY, JetSMART, Aegean Airlines, Azerbaijan Airlines, Rex Airlines, Azul, Royal Air Maroc, Porter Airlines, . Alaska Airlines, Hong Kong Airlines, Asiana Airlines, China Airlines, Korean Air Locations: Qatar, London’s, Abu Dhabi, Qatar’s, Tan Pee, Asia, Denpasar, Bali, AFP, India, Australia, Pacific, Eastern, China ., North America, Singapore, Air France, Saudi Arabian, Garuda Indonesia, Transavia France
The risk of an economic slowdown now outweighs the risk of inflation, according to Morgan Stanley. But Morgan Stanley worries that the poor breadth of the market , measuring the number of advancing stocks against those declining, is a sign that slowing economic growth is becoming a bigger risk than stubbornly high inflation. To be sure, the Morgan Stanley strategist does not expect weak breadth to herald weak returns. Here are some of the quality large-cap and defensive stocks with strong upward earnings revisions that can outperform, according to Morgan Stanley. Burlington shares are higher by 25% this year, and the stock is overweight-rated by Morgan Stanley.
Persons: Morgan Stanley, Mike Wilson, Wilson, Russell, Bernstein, BURL, Aneesha Sherman, Morgan, Jefferies, HubSpot Organizations: Wall, Nasdaq, Dow Jones, Monster Beverage, Beverage, Nvidia Locations: Burlington
Opinion | Jamaal Bowman’s Political Malpractice
  + stars: | 2024-06-24 | by ( Michelle Goldberg | ) www.nytimes.com   time to read: +3 min
Now Israel’s champions, many of whom have never been comfortable with Bowman, are striking back, capitalizing on a political environment transformed by Oct. 7. Bowman’s challenger is the Westchester County executive, George Latimer, who refuses to criticize Prime Minister Benjamin Netanyahu of Israel, putting Latimer not just to Bowman’s right but also to the right of President Biden and Senator Chuck Schumer, the majority leader. I think Sanders was exaggerating, but the contest is probably the most important congressional primary this year. It’s setting a precedent for big money interference in local politics and tearing at the longtime progressive alliance between Black people and Jews. There is something deeply admirable about his refusal to subordinate his values to political expediency.
Persons: Jamaal Bowman, Bowman, Eliot Engel, George Latimer, Benjamin Netanyahu, Israel, Latimer, Biden, Chuck Schumer, Emerson, , Bernie Sanders, Sanders, Hamas’s, he’s Organizations: Democrat, Westchester County, American Israel Public Affairs Committee’s, Israel Locations: New York’s, Israel, Westchester, Vermont, Black, Bronx, America, Gaza
A Korean Air flight bound for Taiwan had to turn back after a pressurization fault was detected. Flight data shows the plane dropped nearly 25,000 feet in five minutes shortly after takeoff. Korean Air said that 17 passengers received medical care after the plane landed. AdvertisementA Korean Air flight bound for Taiwan had to turn back and make an emergency landing after detecting a fault with the aircraft's pressurization system. A pressurization fault was detected while the plane was flying over South Korea's southern Jeju Island, per Yonhap.
Persons: Organizations: Korean Air, Service, Boeing, Max, Incheon International Airport, Yonhap News Agency Locations: Taiwan, Incheon, South, Jeju
The Panthers were also trying to avoid becoming the first back-to-back Stanley Cup losers since the 1977 and 1978 Boston Bruins. Canada’s Stanley Cup drought has now reached 31 years. After being largely silent in the past three games, the Panthers’ big guns showed up big in the make-or-break final game. Aleksander Barkov became the first Finnish captain in NHL history to lead his team to a Stanley Cup. Panthers arena flooded with Oilers fansIt’s a rarity to see a home arena invaded by visiting fans in the Stanley Cup Final, let alone in a Game 7.
Persons: Connor McDavid, Canada’s, Carter Verhaeghe, Sam Reinhart, Verhaeghe, Reinhart’s, Dmitry Kulikov, Mattias Janmark, McDavid, Conn Smythe, Sergei Bobrovsky backstopped, Paul Maurice, Maurice, Aleksander Barkov, “ Mr, Clutch ”, Vladimir Tarasenko, Clutch, Matthew Tkachuk’s, CARTER VERHAEGHE, ino H, ince, aron E kblad, hird, rick Organizations: NHL, Florida Panthers, Edmonton Oilers, Amerant Bank, Panthers, Oilers, Toronto Maple Leafs, Boston Bruins, Edmonton, Eastern, Stanley, ino H ard, ust Locations: Fla, Florida
Sentono had registered for the Hajj in 2018 and traveled to Mecca with his 83-year-old wife and neighbors from the Indonesian city of Yogyakarta, Jumartiyah said. Some 241,000 Indonesian pilgrims were scheduled to make the journey to Mecca this year, according to Indonesian officials – the country’s largest ever quota. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record 125 degrees Fahrenheit (51 Celsius) on Monday. “Everybody is affected by deadly heat and sadly I am not surprised by (the Hajj) death toll,” he added. “Spending time outdoors in the extreme Mecca heat is risking death … so I am afraid there will be more deadly Hajj pilgrimages in the future.”
Persons: Heru Jumartiyah, Ngatijo Wongso Sentono, , Sentono, Jumartiyah, , ” Jumartiyah, Pariyem, , CNN ‘, Ahmad, Maximiliano Herrera, ” Herrera Organizations: CNN, Saudi, Indonesian Ministry of Religious Affairs Locations: Indonesian, Mecca, Indonesia, Mina, Yogyakarta, Hajj, Saudi, Saudi Arabia,
A view of the U.S. Supreme Court building in Washington, U.S., June 17, 2024. WASHINGTON — The Supreme Court on Monday waded into the contentious debate over gender-affirming care for transgender minors by agreeing to resolve challenges to a law in Tennessee that seeks to restrict it. The justices will review an appeals court ruling that upheld the measure. In a separate case, the court in April allowed Idaho to mostly enforce a similar law. The plaintiffs then asked the Supreme Court to step in.
Persons: WASHINGTON —, Elizabeth Prelogar, Jeffrey Sutton, Neil Gorsuch Organizations: U.S, Supreme, WASHINGTON, Movement Advancement, Biden, Circuit Locations: Washington , U.S, Tennessee, Idaho, Kentucky, Cincinnati, West Virginia
A Korean Air flight bound for Taiwan had to turn back after a pressurization fault was detected. Flight data shows the plane dropped nearly 25,000 feet in five minutes shortly after takeoff. Korean Air said that 17 passengers received medical care after the plane landed. AdvertisementA Korean Air flight bound for Taiwan had to turn back and make an emergency landing after detecting a fault with the aircraft's pressurization system. A pressurization fault was detected while the plane was flying over South Korea's southern Jeju Island, per Yonhap.
Persons: Organizations: Korean Air, Service, Boeing, Max, Incheon International Airport, Yonhap News Agency Locations: Taiwan, Incheon, South, Jeju
Citi analyst Andrew Kaplowitz upgraded his rating for the heating and ventilation company to buy from neutral. The analyst accompanied the move by upping his price target to $74 from $65, implying that shares of Carrier Global could rally 17% going forward. The financial institution raised its price target for Nvidia to $150 from $135. Analyst Erin Wright stood by her overweight rating on the health insurance stock, reiterating her $595 price target. Wright set a price target of $374, which is 23% higher than the insurance company's Friday closing price of $355.48.
Persons: Goldman Sachs, Andrew Kaplowitz, CARR, Kaplowitz, — Lisa Kailai Han, Jefferies, Blayne Curtis, kingmaker, Curtis, Lisa Kailai Han, Morgan Stanley, UnitedHealth, Morgan Stanley's, Erin Wright, Wright, Bernstein, Stephen Reitman, Ferrari, Reitman, Ferrari's, Sanjeet Aujla, Aujla, BUD, Christopher Danely, Danely, James Schneider, Schneider, Fred Imbert Organizations: CNBC, Monday, Citi, Micron Technology, IBM, Carrier Global, Carrier, Nvidia, Humana, Ferrari, UBS, Anheuser, Busch InBev It's, Busch InBev, Micron, Citi Citi, Dow Jones Industrial, Dow Locations: China, UnitedHealth, U.S, Friday's
CNN —If at first you don’t succeed, try, try again. Or if you’re Amy Yang, try 75 times to win your first major – ending an almost two-decades wait – after the South Korean golfer survived a late scare to win the Women’s PGA Championship in Washington on Sunday. In 74 prior major starts, she had finished inside the top-10 on 21 outings, and twice as a runner-up at the US Women’s Open in 2012 and 2015. Stanford is the sole player to have waited longer for their first major than Yang, and only just: the American triumphed on her 76th attempt. “At one point I thought, ‘Will I ever win a major championship before I retire?’” Yang said.
Persons: don’t, Amy Yang, Yang bogeyed, stokes, Ko Jin, American Lilia Vu, , ” Yang, Jan, Meierling, caddie, Ezra Shaw, Yang, Angela Stanford, ‘ Will, ’ ” Yang, ” Victory, Korda, Nelly Korda, Lexi Thompson, Gerald Herbert, ” Korda, “ I’m Organizations: CNN, South, Sahalee Country, LPGA, US, Evian, Stanford, , Paris Olympics, Games, Getty, Meijer, Chevron, St Locations: South Korean, Washington, American, Rio, France, Andrews, Scotland
CNN —Angel Reese’s Chicago Sky defeated Caitlin Clark’s Indiana Fever 88-87 on Sunday in front of a star-studded crowd at the Wintrust Arena. Clark and the Fever had won the previous two meetings, but it proved to be third time lucky for the Sky who prevailed in a tense game. Kamil Krzaczynski/USA TODAY Sports/ReutersIn the two previous meetings between the Sky and the Fever this WNBA season, the hard-fought nature of the action has been the main talking point. For Indiana, Kelsey Mitchell recorded a team-high 24 points with reigning Rookie of the Year Aliyah Boston adding 18 points. Chicago sits eighth in the WNBA standings while the Fever sit one place behind them in ninth.
Persons: Caitlin Clark’s, of Famer Sheryl Swoopes, Jalen Brunson, Chance, Lil Durk, Jason Sudeikis, Clark, Reese, Sylvia Fowles, Candace Parker, ” Reese, ” Clark, Nancy Armour, Jordan, Kamil Krzaczynski, Chennedy Carter, Carter’s, Kelsey Mitchell, Melissa Tamez Organizations: CNN, Chicago Sky, Arena, WNBA, of Famer, of Famer Sheryl Swoopes , New York Knicks, Fever, Sky, ESPN, , USA, Reuters, Chicago, Boston, NCAA Locations: Caitlin Clark’s Indiana, of Famer Sheryl Swoopes ,, Chicago, Indiana
Federal data indicates wind-turbine technician is the fastest-growing job in the US. He started as an intern in 2017 before becoming a wind technician and then advancing over the past seven years. Federal data indicates wind-turbine technician is the fastest-growing job in the US, alongside nurse practitioner. Offshore wind technicians can expect to earn an extra 30% to 40% compared to onshore workers. Wind technicians in the early stages of their careers might do scheduled maintenance and cleaning.
Persons: , Dakota Carter, I've, Carter, Jerry Jones, Harry Willats, Willats, It's Organizations: Service, EDP Renewables, Renewables, Bureau of Labor Statistics, Industry, International Energy Agency, Darwin Recruitment, Siemens Gamesa, GE, Robert Morris University in, EDP, Technicians Locations: Delavan , Illinois, America, Australia, Brazil, China, Colombia, Egypt, India, Japan, Kenya, South Korea, Illinois, Texas, New Mexico , Kansas, Colorado, New York, Massachusetts, Robert Morris University in Illinois
Fundstrat's Tom Lee, who's been correctly nailing the stock market for the past few years, hinted that he was about to hike his year-end S & P 500 target even with the benchmark at record highs. Lee's 5,800 call would represent another 6% gain for the S & P 500 from current levels. Lee believes a strong force that could help lift the market is the $6 trillion in cash that's in money market funds. Lee would join a host of others on Wall Street who have recently raised their S & P 500 targets. On June 14, Goldman Sachs increased its price target on the S & P to 5,600.
Persons: Fundstrat's Tom Lee, who's, Fundstrat, Lee, Goldman Sachs, Bloomberg Organizations: Bloomberg, Wall, ISI, CNBC Market, Citigroup
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