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Walmart surprised many of its corporate employees when it announced a return-to-office mandate. The new policy requires formerly remote workers in the US to move to one of three office locations. One worker told BI he's excited to work at headquarters, but stressed out about the short timeline. AdvertisementTwo months after Walmart surprised its previously remote corporate employees with a return-to-office mandate, many are in the midst of packing up for cross-country moves. This story is available exclusively to Business Insider subscribers.
Persons: , Donna Morris Organizations: Walmart, Service, Business Locations: New York, San Francisco, Bentonville , Arkansas
"We expect 30 retail store openings this year in China and China market sales to grow 21% YoY in 2024." Raised target Morgan Stanley raised its price target to HK$52, up from HK$45 previously, after Pop Mart's profit alert. "Strong pickup in online channels and Pop Land were the key drivers, while offline sales growth also accelerated (driven by teens% [same-store sales growth])." Pop Land is a theme park that Pop Mart opened near a major city park in Beijing in September 2023. "The company is well-prepared to sustain its high sales growth momentum into 2H24F, in our view (we estimate 2H24F total sales growth of 39% y-y)," the Nomura analysts said.
Persons: Morgan Stanley, Pop Mart, they've, Michael Bloom Organizations: Pop Mart, Pop, Mart, Disney, Hong, Apple, Starbucks, HK, China Renaissance, Nomura, U.S, Jefferies, Comcast, CNBC, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Hong Kong, China, Beijing, Pop, Thailand, NBCUniversal, U.S
Some of your favorite sports teams are owned by some of the richest billionaires in the world. Here are the ultrawealthy owners behind some of the most successful sports teams. 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. Here's a look at some of the megarich owners of major sports franchises in the US.
Persons: Organizations: Service, Bloomberg
Analyst Dan Dolev also increased his price target on shares to $31 from $17, suggesting shares could gain 19% from Tuesday's close. It also cut its price target to $24 from $38, implying downside of 16.7%. To be sure, he trimmed his price target to 21 euros from 24 euros. Analyst Joseph Moore named the chipmaker a top pick, reiterating his overweight rating and $144 price target. Nvidia shares have more than doubled this year.
Persons: Morgan Stanley, Nomura, Dan Dolev, Dolev, UPST, Dole, — Hakyung Kim, Samik Chatterjee, Chatterjee, Hakyung Kim, Anindya Das, Das, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Mizuho, Holdings, underperform, JPMorgan, TAM, Nomura, America, Nvidia Locations: Mizuho, Tuesday's, North America, U.S, Europe
Standard Chartered (StanChart) on Tuesday announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year, betting on strong economic growth in its core Asian markets and plans to rein in costs. StanChart's statutory pre-tax profit for the first half climbed 5% to $3.49 billion, just ahead of a consensus estimate compiled by the bank. Asia-focused global banks including StanChart and rival HSBC have benefited in recent years from higher interest rates and relatively stronger economic growth and wealth generation in the region. But in China, slowing economic growth and the country's property sector crisis have been a concern for Western banks. StanChart has made provisions totaling $1.2 billion for potential bad loans in China's commercial real estate sector so far this year.
Persons: Bill Winters, StanChart, Sadia Ricke Organizations: Chartered, Tuesday, HSBC Locations: Hong Kong, London, Asia, Africa, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot expecting 'serious' changes to StanChart's business strategy, consultancy saysOctavio Marenzi, CEO at Opimas, says Standard Chartered's overall strategy seems to be "very much set."
Persons: Octavio Marenzi
Read previewThe US Olympic and Paralympics Committee is suing Prime, the drinks brand of YouTubers Logan Paul and KSI, accusing the company of using its trademarks without permission. This story is available exclusively to Business Insider subscribers. "The exclusivity of this agreement … is threatened when individuals and organizations use USOPC trademarks without authorization." At the time of writing, Business Insider could not find the posts in question on Prime's social media channels. The US Olympic Committee and Prime did not immediately respond to requests for comment from Business Insider, sent outside regular US working hours.
Persons: , YouTubers Logan Paul, KSI, Kevin Durant, Instagram, Durant, Paul, KEVIN DURANT Organizations: Service, Business, US Olympic Team, Coca, Walmart, Kroger, IOC, , Energy, US Olympic Committee Locations: Colorado
Carol Burnett shares time capsule tribute to Bob Newhart
  + stars: | 2024-07-19 | by ( Dan Heching | ) edition.cnn.com   time to read: +7 min
Sid Avery/MPTV/Reuters Newhart poses as an addled accountant at an adding machine for a promotional photo of "The Bob Newhart Show." Allan Grant/The LIFE Picture Collection/Getty Images Newhart appears in a supermarket sketch during an episode of "The Bob Newhart Show" in 1961. Herb Ball/NBCU Photo Bank/Getty Images Newhart performs on the set of "The Bob Newhart Show." CBS/Getty Images Newhart counsels a clown about his problems in a 1972 episode of "The Bob Newhart Show." Walt Disney Television/Getty Images Newhart takes direction from Dick Martin, right, during a scene for "The Bob Newhart Show" in 1977.
Persons: Bob Newhart, Carol Burnett, , Bob, ” Burnett, Newhart, Jon Favreau, “ Bob Newhart, ” Favreau, , Johnny Galecki, Mayim Bialik, ” Bob Newhart, Alex Welsh, Nat, King, Cole, Frank Sinatra, Harry Belafonte, Michael Ochs, Ed Sullivan, Sid Avery, MPTV, Reuters Newhart, Allan Grant, Herb Ball, Julian Wasser, Norman Fell, Johnny Carson, Frank Carroll, Bob Hartley, Ed McMahon, Suzanne Pleshette, Emily, Gene Wilder, Dick Martin, Ginnie, Robert, Timothy, Jennifer, Courtney, Ron Galella, Dick Loudon, Will Ferrell, Spencer Green, Conan O'Brien, Paul Drinkwater, NBCU, Bill Nye, Monty Brinton, Scott Kirkland, Emma McIntyre, ” Newhart, Paul Feig, ” Feig Organizations: CNN, New York Times, Michael Ochs Archives, CBS, Reuters, Bank, Getty, Paramount Pictures, NBCU, Hulton, Bettmann, Walt Disney Television, Everett, Academy of Television Arts & Sciences, Newhart, Hollywood Locations: , Los Angeles, Chicago, Cypress Gardens , Florida, Vermont
Walmart shares have outperformed the market. Analysts remain overwhelmingly bullish on the stock with more than 80% of analysts rating shares a buy or overweight, according to FactSet. Target shares reflect the strain of the competition. And if Walmart continues to win over wealthier customers, that's more bad news for Target. On Tuesday, KeyBanc Capital Markets analyst Bradley Thomas reiterated that Walmart remains one of his top stock ideas.
Persons: Lindsay Rosner, Piper Sandler, Peter Keith, Keith, Daniel Kurnos, Kurnos, FactSet, Alexis Deladerriere, JLL, Christopher Horvers, JPMorgan's Horvers, Cowen, Oliver Chen, Chen, hasn't, Bradley Thomas, Thomas Organizations: Walmart, Target, Goldman Sachs Asset Management, Analysts, Keith, P Retail, Amazon, Microsoft, Apple, Adobe Analytics, Adobe, Amazon's, Costco, Amazon Prime, Sam's, Paramount, KeyBanc Capital Locations: Wednesday's
Bob Newhart, legendary comedian, dead at 94
  + stars: | 2024-07-18 | by ( Dan Heching | Todd Leopold | ) edition.cnn.com   time to read: +4 min
CNN —Bob Newhart, whose stammering, deadpan unflappability carried him to stardom as a standup comedian and later in television and movies, has died, according to a statement from his longtime publicist Jerry Digney. Bob Newhart and Will Ferrell in "Elf." 1 with the follow-up, “The Button-Down Mind Strikes Back!”“The Bob Newhart Show” debuted in 1972. After a quick fade to black, he awakens… as Hartley, his character from “The Bob Newhart Show,” in bed with Pleshette. The finale of "Newhart," which brought back the characters of Dr. Bob Hartley, Newhart's character on "The Bob Newhart Show," and his wife Emily played by Suzanne Pleshette.
Persons: Bob Newhart, Jerry Digney, Digney, Newhart, Bob Newhart ”, “ Newhart, Will Ferrell, George Robert Newhart, Frank Sinatra, Harry Belafonte, Nat “ King ” Cole, , Peabody, Bob Hartley, Dick Loudon, Suzanne Pleshette, Mary Frann, – Newhart, , Hartley, Emily, ” Newhart, , , Johnny Carson, “ Young Sheldon, Kennedy, Mark Twain, Courtney, Timothy, Robert, Virginia “ Ginnie ” Newhart Organizations: CNN, crazies, Golfers, CBS, Proton, Television Hall of Fame, Smithsonian’s National Museum of Locations: Los Angeles, Turkey, Oak Park , Illinois, Chicago, Vermont, , Newhart’s, Cleveland ”
Known for his comedic timing, the "Bob Newhart Show" and "Newhart" star was one of the funniest men of the 20th century. Breaking through into comedy in the '50sYoung Bob Newhart initially didn't consider comedy a career. Over the next 11 years, he released seven more albums, including "Bob Newhart Faces Bob Newart" (1964) and "Best of Bob Newhart" (1971). Bob Newhart during the first season of "The Bob Newhart Show," performing one of his popular telephone jokes. "The Bob Newhart Show" and "Newhart"Newhart on "The Bob Newhart Show."
Persons: , Bob Newhart, Jerry Digney, Newhart, Bernard, Will Farrell, he'd, Young Bob Newhart, Gerald Smith, George Robert Newhart, James Thurber, Max Shulman, Fred Allen, Jack Benny, couldn't, Abraham Lincoln, Conan O'Brien, Abe Lincoln Vs, Dan Sorkin, Ed Sullivan, Bob Newart, Grace L, it's, Carol Burnett, Dean Martin, Sanford, Son, Bob Hartley, Roseanne, Variety, Gerald Ford, Dick Loudon, Ginnie, Rolling Stone, Cuoco, Monty Brinton, George, Leo, Bob, Arthur Jeffries, Sheldon Cooper, Sheldon fanboyed, Jeffries, Cooper, Proton, Sheldon, Virgina, Ginny, Quinn, Timothy, Jennifer, Courtney, Kirsten Acuna Organizations: Service, CBS, Business, Disney, Television Academy Foundation, NBC, NBCU, Getty Images, Television Academy, United States Army, Madison, ABC, Warner Bros . Records, AV, Getty, Warner Bros, Party, Ferguson, Peabody, Fox, Entertainment, Academy of Television Arts & Sciences Hall of Fame, Proton, Wars Locations: Oak Park , Illinois, Chicago, Vermont
The Platinum Card® from American Express offers a ton of value from its welcome bonus and benefits. Introduction to American Express premium benefitsThe Platinum Card® from American Express has one of the highest annual fees of any publicly available consumer card: $695. Activating your Amex Platinum benefitsThe Platinum Card® from American Express Apply now lock icon An icon in the shape of lock. Apply and select your preferred metal Card design: classic Platinum, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Add your Amex Platinum card to your Uber accountThe Amex Platinum Card offers cardholders up to $200 in Uber Cash credits each calendar year.
Persons: Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you've, you'll, It's, doled, it's, You'll, , cardholders Organizations: American Express, Read, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, TSA, Global, Saks Fifth, Spirit Airlines, Card, Hulu —, Hulu, Paramount, Nickelodeon, Comedy Central, MTV, CBS, Marriott Bonvoy, Gold, & Resorts, Fine Hotels & Resorts, Amex, Rockefeller, Avis, Hertz, Chevron, Saks Fifth Avenue Locations: Hulu
Read previewAn art museum in Australia that was embroiled in a gender dispute involving several "Picasso" paintings has admitted that the works were fake. The paintings had been at the center of a gender battle that broke out after a man from the Australian state of New South Wales took legal action against the gallery after being refused entry to the museum's "Ladies Lounge" exhibition. The exhibition contained some of the museum's most notable artworks, including some said to have been produced by the Spanish Cubist Pablo Picasso. "I knew of a number of Picasso paintings I could borrow from friends, but none of them were green and I wished for the Lounge to be monochrome. The forgery prompted a reevaluation of other works displayed in the Ladies Lounge, and Kaechele revealed that some other items were also not genuine.
Persons: , Kirsha Kaechele, Pablo Picasso, Kaechele, Manet, Picasso, Christopher Heathcote, Heathcote, Princess, It's, Gina Rinehart's, Vincent Namatjira Organizations: Service, Business, Guardian, Picasso Administration, Tasmania's Museum of, New Locations: Australia, New South Wales, Guardian Australia, Spanish
Investors can track Wall Street analysts' ratings to select stocks of dividend-paying companies that have attractive growth prospects, which could boost earnings and cash flows to support higher dividends. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Northern Oil and GasThis week's first dividend stock is Northern Oil and Gas (NOG). NOG paid a dividend of 40 cents per share for the first quarter, reflecting an 18% year-over-year increase. JPM highlighted that this potential increase in the Q3 dividend would mark the second dividend hike this year.
Persons: Wall, NOG, Scott Hanold, Hanold, TipRanks, JPMorgan Chase, JPMorgan Chase JPMorgan Chase, Gerard Cassidy, Cassidy, WMT, Corey Tarlowe, Tarlowe Organizations: Walmart, Northern Oil, Resources, SM Energy, RBC Capital, JV, JPMorgan, JPMorgan Chase JPMorgan, JPM, Consumer, Community, Investment Banking, Wealth Management, Commercial Banking, Jefferies, Fox Robotics, Club Locations: Hurricane , Utah, Williston, Uinta, TipRanks, U.S
Millionaires are leaving Hong Kong, but its art scene is booming
  + stars: | 2024-07-11 | by ( ) www.cnbc.com   time to read: +13 min
Narration: Home to a host of financial institutions, Hong Kong is one of the world's wealthiest cities. The Hong Kong Art Gallery Association recorded a 27% increase in member galleries between 2021 and 2023. Nicolas Chow: Chinese art and ancient Chinese art is really at the genesis of Sotheby's Hong Kong when we came here. Angelle Siyang-Le: We firmly believe that Hong Kong is the best place to do art business in Asia, Hong Kong is a natural melting. Emily Tan: That's all from Hong Kong – join us next time in a new city as we explore 'The Art of Appreciation.'
Persons: , Nicolas Chow, Emily Tan, we've, they've, It's, Emperor Chen, Chen, it's, I'm, who'll, she's, Mak2, Allison Cheung, Angelle, Hong Kong, they're, Emily, Hong Kong – Organizations: Hong, Hong Kong Art Gallery, Asia, Art, Basel, Art Basel Locations: Hong Kong, Asia, Art Basel, Sarthe, Hong Kong's, Swiss, Basel, Miami, Paris, Hong, US, Australia, Switzerland, France, Southeast Asia, Korea, Mak2, Sims
Walmart may be the first traditional retailer to truly transform into a booming e-commerce business, CNBC's Jim Cramer said Wednesday. "Walmart is no longer just a brick-and-mortar company," Cramer said on " Squawk on the Street ." "We're going to begin to think of this company as an e-commerce company." However, Cramer said Wednesday that Costco's e-commerce is not headed for the same kind of growth as Walmart's effort. COST YTD mountain Costco YTD Shares of Costco and Walmart have been breaking out, with both stocks ironically rallying roughly 33% year to year.
Persons: CNBC's Jim Cramer, Cramer, Piper Sandler, Piper, That's Organizations: Walmart, CNBC, Costco, Amazon Locations: U.S
Goldman Sachs raised its price target on Tesla, but it still sees a a decline for the electric vehicle maker. Analyst Chris Pierce upgraded his rating to buy from hold and assigned a $160 price target on Carvana, implying shares could jump 27.3%. His $77 price target on Walmart suggests the stock could jump nearly 10.2% over the next 12 months. Analyst Peter Keith assumed coverage of the retailer with a neutral rating and $156 price target, suggesting shares can add 5.7% over the next year. LLY YTD mountain LLY year to date — Pia Singh 5:51 a.m.: Goldman raises Tesla price target, but still sees stock slide Don't expect Tesla's recent momentum to last, according to Goldman Sachs The bank raised its price target on the electric vehicle maker to $248 from $175.
Persons: Tesla, Goldman Sachs, Eli Lilly, Needham, Chris Pierce, Pierce, — Pia Singh, Jefferies, Corey Tarlowe, Tarlowe, Piper Sandler, Peter Keith, Keith, Carter Gould, Gould, Goldman, Mark Delaney, Fred Imbert Organizations: CNBC, Barclays, Jefferies, Walmart, Fox Robotics, EV, Tesla Locations: Tuesday's
Check out the companies making headlines after the bell : WD-40 Company — Shares gained 11% after the maker of metal lubricants reported fiscal third-quarter results that beat analysts' expectations. WD-40 posted earnings of $1.46 per share on revenue of $155 million, higher than the earnings of $1.39 per share on revenue of $145.8 million analysts were expecting, according to FactSet. PriceSmart — The membership warehouse club operator added 6% after posting a fiscal third-quarter earnings and revenue beat. Costco Wholesale — Shares gained 3% after the membership-only retail chain announced its first membership rate increase since 2017. The Costco Wholesale Corp. logo is displayed above a gas station in Hawthorne, California, on June 12, 2024.
Persons: PriceSmart, FactSet, Patrick T, Fallon Organizations: Costco, Semiconductor, Technology, Costco Wholesale Corp, Afp, Getty Locations: Hawthorne , California
Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter's new facilities are roughly 700,000 square feet on average. Walmart is the nation's largest grocer, but it is modernizing its supply chain to keep up with customers who are increasingly picking up orders in the parking lot or getting groceries delivered to their doors. The retailer has been automating supply chain facilities across the country, including distribution centers that handle shelf-stable items and fulfillment centers that help pack and ship online orders. Walmart has said that by early 2026, about two-thirds of its stores will be serviced by some kind of automation and roughly 55% of fulfillment center volume will move through automated facilities.
Persons: Doug McMillon, Dave Guggina, we've, Guggina Organizations: Walmart, Automation, CNBC Locations: U.S
Walmart is America's grocery king, selling more food than the next two largest companies combinedThe retailer is leaning heavily into AI to get perishable foods to store shelves even faster. Take a look inside one of Walmart's state-of-the-art distribution centers for perishable goods. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWalmart is the biggest grocery store in the US, with more shoppers getting their groceries there than from any other retailer. On Wednesday, Walmart pulled back the curtain on one of its state-of-the-art AI-powered refrigerated warehouses designed to handle perishable goods like meat, dairy, and produce.
Persons: Organizations: Walmart, Service, Business
Strong consumer demand has helped the U.S. economy weather the Federal Reserve's rate hikes, avoiding a hard landing where growth and employment turn lower. The high-end consumer Inui estimates the net worth of high-end consumers is actually accelerating to a high-single-digit rate. "As a result, discount retailers are facing high shrinkage, restaurants are becoming increasingly promotional to boost traffic and retailers with strong value propositions are gaining share." HSBC called McDonald's one of the stocks that offers "a strong value proposition" to consumers tightening their belts. Another retailer HSBC named was Target , which has an "expect more, pay less" strategy emphasizing private labels to boost sales.
Persons: HSBC's, Nicole Inui, Hilton, Marriott, Inui, Innui, — CNBC's Michael Bloom Organizations: HSBC, Viking Holdings, Worldwide Holdings, Marriott International, Royal, Motors Locations: U.S, Americas, Royal Caribbean
But there's no denying that a large number of people, mostly women, found Joe Arden's voice to be exceedingly hot: smooth, insistent, husky, occasionally dropping to a seductive growl. Arden's voice made him one of the most popular romance audiobook narrators of his generation. Last year, a promising new romance author reached out to Blue Nose Audio and received a reply from Joe Arden. "My working name of 'Joe Arden,' has always been just that, a professional persona that labeled my career," he added. For good measure, they dug up Cronin's abandoned trademark application for the Joe Arden moniker, first filed in 2020.
Persons: Joe Arden's, Men's, I've, Joe Arden, Joey, Arden, He's, Lauren Blakely, Vi Keeland, Meghan March, Blakely, BookTok, TikTok, Joe, Ardenmania, , BookTok influencers, who'd, Brynne Weaver, they'd, wasn't, quizzing, Arden she'd, didn't, she'd, Arden's, sexting, he'd, Angela, Aiden Snow, Julie McKay, Blue, James Patrick Cronin, Rice, Cronin, Beatrice Colen, Patrick Cronin, manny, Max Thomas, McKay, Maxine Mitchell, Sean Zanni, Patrick McMullan, Sarah J, Brittanée Nicole, Nicole, Teddy Hamilton, Hamilton, Brynne Weaver's, it's, Brittany Lowry, Kate Stewart's, Arden isn't, pant, Shane East, Paige Reisenfeld, he's, Tor, influencer, you'd, Sean Crisden, Crisden, Maas, Craig Barritt, Arden blowup, voEROS, Arden —, who've, Kathy Haan, Patreon Organizations: Men's Health, Audio Publishers Association, Society of Voice Arts and Sciences, Arden, BI, East Tennessee State University, University of Louisville, Getty, SAG, Texas, GQ, Wired, Yorker, The New York Times Magazine, Times, Publishers, TikTok, Tantor Media, The New York Times, New York Comic Con, Communications Locations: Arden, sexting, gaslighting, TikTok, Los Angeles, East, New York City, York, LA, Audm, Ghostface Gulf, masturbate, Romanceland
Walmart is offering half off the price of a Walmart+ membership until July 18. That timing gets ahead of Amazon's Prime Day, which happens on July 16 and 17. AdvertisementWalmart's members-only sales event is in the rearview, and Amazon's Prime Day isn't for another week, but that doesn't mean the war between the two biggest retailers is on pause. Until July 18, Walmart is offering Walmart+ memberships for $49 a year, or half off the usual $98 fee. If that date catches your eye, it's because the timing gets ahead of Amazon's Prime Day, which happens on July 16 and 17.
Persons: , isn't Organizations: Walmart, Amazon's, Service, Business
Walmart's new Bettergoods brand is strikingly similar to the Good & Gather line from Target. While I couldn't pick a decisive winner, the real advantage here goes to customers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The latest significant entry into this premium owned-brand space comes from Walmart, which in April announced its Bettergoods line as the company's "largest private brand food launch in 20 years." This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Target, Service, Walmart, Business
And while few shoppers would save their old grocery receipts, using apps like Instacart keep your order history for years. Now, some customers are using those past orders to discover inflation's highly personal impact on them. AdvertisementIn a video on TikTok, White shared his experience using Instacart's "reorder items" function, explaining how a $35 order skyrocketed to more than $62 in the past five years. (Several commenters suggested this was due to the app replacing some out-of-stock items with more expensive offerings from third-party sellers.) White told BI the response to his video, which has nearly a million views, has been very polarized.
Persons: , White, Manhattan —, It's, Andy Kiersz Organizations: Service, Business, Walmart, Pepsi Locations: Virginia, Los Angeles and New York City, Gelson's, LA, Wegman's, Manhattan
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