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"A number of ocean carriers have announced their plans in terms of embargoing export cargo coming to the East Coast from the Midwest," said Rooney. Once the strike is over the Coast Guard would lead the charge in an orderly flow of vessels entering the port." "While the APAC region typically has more options to shift freight to the West Coast, over half of the automotive freight coming in today is heavily dependent on the East Coast. Port of New York/New Jersey has joined other ports that have publicly posted strike contingency plans. The vessels scheduled to come into the East Coast and Gulf ports have been traversing the ocean since early to mid-August.
Persons: Beth Rooney, Rooney, Jim Mancini, CH Robinson, Biden, Taft, Hartley, We've, Harold Daggett Organizations: CNBC, International Longshoreman's Association, ILA, Cruise, United States Maritime Alliance, Port Authority of New, Coast Guard, Maersk, Port, Bloomberg, Getty, Transportation, U.S ., Biden, Logistics Locations: of New York, New Jersey, North America, East, Gulf Coasts, Port Authority of New York, New York, East Coast, Maersk Atlanta, Newark, Newark , New Jersey, US, North, Europe, Oceania, Latin America, Asia, West Coast, Germany, Charleston, Savannah, U.S . West Coast, Port, Houston, Mobile , Alabama
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Tuesday attack in Lebanon, where hundreds of pagers used by the Iran-backed militant group Hezbollah simultaneously detonated, points to a highly sophisticated operation that likely required months of planning and an infiltration of a global supply chain, experts told Business Insider. This story is available exclusively to Business Insider subscribers. Spokespeople for the Israel Defense Forces and the US Department of Defense did not immediately respond to a request for comment from Business Insider. Business Insider was not able to reach BAC Consulting for comment.
Persons: , Jones, Israel, Sean McFate, McFate, Robert Khachatryan, Cristiana Organizations: Service, Associated Press, Lebanese Health Ministry, AP, Business, New York Times, Israel Defense Forces, US Department of Defense, Armament Research Services, Syracuse University's Maxwell School of Citizenship, Public Affairs, Freight, Global Logistics, NBC News, Consulting, The New York Times, Taliban Locations: Lebanon, Iran, Israel, Taiwan, Hungary
After a 26-day trial, jurors convicted all six defendants of conspiracy to commit forced labor. One of the six, Kaaba Majeed, 50, also was convicted of five counts of forced labor. Prosecutors said the group, which was labeled a cult by a federal judge in 2018, beat children and imposed severe dietary restrictions. Jenkins, who died in 2021, had been a member of the Nation of Islam until 1978, when he founded the separate United Nation of Islam. Two other co-defendants previously pleaded guilty to conspiracy to commit forced labor.
Persons: Royall Jenkins, Majeed, Stephen Cyrus, Prosecutors, Jenkins, Judge Daniel Crabtree, Yunus Rassoul, James Staton, Randolph Rodney Hadley, Daniel Aubrey Jenkins, Dana Peach Organizations: KANSAS CITY, Kan, United, of, U.S . Department of Justice, , of Islam, University of Arts and Logistics of Locations: KANSAS, Kansas, Kansas City , Kansas, Kansas City, New Jersey , New York , Ohio, Maryland, Georgia, North Carolina
New York CNN —Amazon is raising pay for its more than 800,000 US warehouse and transportation workers and giving them Amazon Prime for free. Amazon will also offer the $139 yearly Prime benefit to employees for free. Amazon’s decision to raise wages is another sign of a tight jobs market for logistics workers, fueled by more Americans shopping online. The average hourly wage for transportation and warehouse workers rose to $30.79 in August, up 22% from August of 2020, according to the Labor Department. Rivals such as UPS, Walmart and Target have also bumped up wages for warehouse workers.
Organizations: New, New York CNN, Amazon, Labor Department, Rivals, UPS, Walmart, Target, Teamsters, Deloitte, Senate Health, Education, Labor, Pensions Locations: New York
Amazon announced Wednesday it's raising wages for its hourly warehouse workers, and adding a new employee perk that will give them a Prime subscription at no extra cost. Starting this month, Amazon's average starting pay for front-line employees in the U.S. will be bumped to an average of more than $22 an hour, up from roughly $20.50 an hour, the company said. Amazon said it's also making its Prime subscription service a part of employees' benefit package beginning "early next year." The service, which costs $140 a year, gives members access to speedy shipping and video streaming, among other perks. Amazon said Tuesday it plans to host a second Prime Day-like deal bonanza on Oct. 8-9, the third year it's held the discount event.
Persons: Amazon, it's Organizations: Amazon Locations: U.S
When I was in my mid-30s and working in the corporate world, I thought that 55 would be a good age to retire. Now I'm 62, and I have no plans to retire, despite the fact that friends and even my wife are stepping back from their long-term careers. I focus on the parts of work that bring me joyBecause I own my own business, I have a lot of control over my working environment. I've carefully selected employees who can keep things running even when I'm away from work. When I'm traveling, I'm entirely unplugged, able to join Kate in her retirement mindset.
Persons: David B, Horne, I'm, they've, Kate, we've, I've Organizations: Service, Business Locations: Greece, Canada
Read previewAn elite Navy SEAL unit may be preparing Taiwanese forces for reconnaissance operations and missions to repel a Chinese invasion, retired Navy officers said after a report said the unit had been training for such an eventuality for over a year. AdvertisementAccording to three retired Navy officers, the unit may be training Taiwanese soldiers to fight back against China should it invade Taiwan. One, he told BI, "is training Taiwanese forces in reconnaissance and perhaps direct attack, focusing on missions that might be required to defeat a Chinese invasion." "Naval reconnaissance forces would locate Chinese forces for long-range attacks," he said, adding: "They might also launch attacks against offshore ships or shipping in Chinese ports." Reports have already given clues as to how the US is preparing for a possible Chinese invasion of Taiwan.
Persons: , Osama bin Laden, Mark Cancian, Bradley Martin, Sam Tangredi, Graeme Thompson, Joe Biden, Samuel Paparo, Martin, Cancian, Daniel Ceng, Phil Davidson, Davidson, Feng Hao, Paparo, Frank Kendall, Kendall Organizations: Service, Navy SEAL, Financial Times, Business, Navy, Marine, Center for Strategic, International Studies, US Navy, Getty, Eurasia Group, Wall Street Journal, Reuters, International Institute for Strategic Studies, Pacific Command, Washington Post, Congressional Research Service, Senate Armed Services Committee, Theater Command, PLA, China Military, Anadolu, American Enterprise Institute, Institute for, Japan's Nikkei, RAND Corp, US Air Force, Air & Space Forces Association Locations: Virginia, Taiwan, Afghanistan, Yemen, Syria, Somalia, Pakistan, China, People's Republic of China, Pingtung County, AFP, Washington ,, Australia, United States, Taichung, Anadolu, Pacific
US Marines added a new long-range cruise missile to their arsenal. The AGM-158A joint air-to-surface standoff missile was loaded on an F/A-18 Hornet in late August. The missile can strike targets up to 230 miles, well outside enemy air defenses. AdvertisementThe US Marine Corps has a new long-range weapon in its arsenal, the AGM-158A joint air-to-surface standoff missile (JASSM). The addition is a boost in firepower, the Marines said, as the weapon's long range allows it to strike targets from well outside the reach of enemy air defenses.
Persons: Organizations: Service, Marine Corps, Marines, Marine Aviation Logistics Squadron, Fighter Attack, Hornet, Business
Timefold, a Belgian startup, has raised $6.7 million to enhance its AI scheduling platform. Timefold uses AI to optimize planning for industries like transport and logistics. Lakestar, a VC fund, led the funding round as Timefold plans to expand its marketing efforts. AdvertisementTimefold, a Belgian startup that uses AI to help businesses create operational plans such as employee shift scheduling, has raised $6.7 million in funding. We are tackling complex planning problems by providing out-of-the-box planning models for IT teams to run, test, and configure easily."
Persons: , Timefold's, Geoffrey De Smet Organizations: Service, Business Locations: Belgian, Ghent, Belgium
Price and Monam moved from Riverside, California, to Tyler, Texas, earlier this year. Eiman and I lived in the same apartment building in Riverside, California, for a long time. Dannielle Price (left) took a road trip with her kids to visit Tyler, Texas (right) earlier this year. We moved to Texas a second time in April 2024Dannielle: We all moved back in with my mom in Henderson, Eiman included. Dannielle Price and Eiman Monam said they've struggled to make ends meet in Tyler, Texas.
Persons: , Dannielle Price, Eiman, Price, Monam, I've, Einam, weren't, Tyler, Henderson, that's, Eiman Monam, they've, We've Organizations: Service, Business, Washington Post Locations: Riverside , California, Tyler , Texas, Southern California, California, Texas, Mira Loma , California, Henderson , Texas, Henderson, East Texas, Riverside, Tyler
Faster delivery is prompting more and more people to turn to Amazon to buy paper towels and other everyday items. The growing prevalence of one- and same-day delivery has made Amazon a much more convenient to place to shop for everyday essentials. "If people buy everyday essentials on Amazon, they're more likely to buy other products too," said Jeff Marks, the Club's director of portfolio analysis. This added convenience in ordering everyday essentials from Amazon comes at a challenging time for physical retailers known for selling those same products. The company likes "to be in the consideration set for consumers" in the everyday essentials since it helps drive market share gains, Olsavsky said.
Persons: , it's, Jeff Marks, Andy Jassy, Jassy, Gil Luria, Davidson, We've, Jim Cramer, Amazon's, Brian Olsavsky, Olsavsky, Wells, Ken Gawrelski, Gawrelski, Morgan Stanley, we're, Davidson's Luria, Luria, Jim, Jim Cramer's, Angus Mordant Organizations: Walgreens, CVS, Aid, D.A, Amazon, CNBC, Bloomberg, Getty Locations: Target, North America, New York
Read previewSatellite images newly released by the British defense ministry show several destroyed bridges in Russia after Ukrainian strikes. The satellite images, which were captured last month but only released on Saturday, show the aftermath of Ukrainian strikes on one road bridge and two pontoon bridges in Kursk. AdvertisementRussia can use its floating pontoon bridges, which are temporary, to ferry personnel and military equipment across the Seym. These bridges came into play as Ukrainian strikes knocked out some of the more permanent structures. Related storiesUkraine has also used ground-launched weapons like the US-provided High Mobility Rocket Artillery System, or HIMARS, to strike bridges in Kursk.
Persons: , ike, remlin, ince Organizations: Service, Business, Ministry of, Ministry of Defense, " Aviation, Air Force Locations: Russia, Ukraine, Kursk, Moscow
Read previewThe deaths of two seasoned Russian drone operators in Ukraine have stirred a frenzy among pro-Kremlin military bloggers, who say the specialists were sent to fight as regular infantrymen. As for Gritsai, Russian military bloggers who claimed to personally know him reported that he was a career officer. AdvertisementRussian backlash and an official responseThe footage sparked an outcry over the weekend among Russian military bloggers, many of whom independently reported that the two men had been killed in battle. Part of the backlash stems from assessments by on-the-ground pundits that Lysakovsky and Gritsai had been two of the best drone operators at the frontline. Nothing," Lysakovsky wrote in a message dated September 10.
Persons: , Dmitry, Goodwin, Lysakovsky, Sergei, Ernest, Gritsai —, Gritsai, Igor Puzyk, Puzyk, WarTranslated, Dmitri, Alexander Kots, Viktor Goremykin, Valery Gerasimov, Svyatoslav Golikov Organizations: Service, Kremlin, Business, Russian Telegram, 87th Rifle Regiment, Donetsk People's, Kommersant, Russian Defense Ministry Locations: Russian, Ukraine, Pokrovsk, Donetsk, Estonian, Donetsk People's Republic, Moscow
Private brands — also called store brands and private-label brands — of foods and beverages have shared shelf space with national brands for years. Customer shopping habits are changing for goodIn the past, the value proposition of private brands was driven primarily by lower prices. But consumer attitudes are evolving, according to a recent survey by the Food Industry Association, which represents both food retailers and producers. And 46% said they expect to buy private brands somewhat or much more, compared to 27% saying that for national brands. "In the U.S., the market for private brands as an industry to eclipse national brands is not something we'll see," Baker said.
Persons: Peggy Davies, they've, Kraft Heinz, , Rick Gomez, Sally Lyons Wyatt, John David Rainey, Scott Morris, Kroger, King Scoopers, Albertsons, Smart, Lyons Wyatt, They've, Doug Baker, Baker, Gen Zers, Xers, Steve Zurek, there's, Zurek, Morris, Gen, Joe's Organizations: Retailers, Private Label Manufacturers Association, Procter & Gamble, Walmart, Kroger, Albertsons, Target, Wall Street, Walmart U.S, Brands, Metro Market, Food Industry Association, Aldi Locations: Kellogg's, U.S, California , Florida, Western Europe
watch nowDrugmakers are betting that delivering radiation directly to tumors will become the next big cancer breakthrough. That can allow the treatment to deliver radiation to cancer cells and spare the rest of the body from the level of damage that comes with many cancer drugs. For Pluvicto, patients come in once every six weeks for up to six treatments. One opportunity Bristol Myers Squibb sees is combining radiopharmaceuticals with existing cancer drugs like immunotherapy, said Robert Plenge, Bristol's chief research officer. But she thinks the technology will become an important part of cancer drugs in the next decade.
Persons: Eli Lilly, They've, Michael Schmidt, Schmidt, Franco Origlia, Jacob Van Naarden, Eli Lilly's, Lilly, Biopharma, Van Naarden, Radiopharmaceuticals, Bristol Myers, Ben Hickey, RayzeBio, Hickey, Victor Bulto, Bulto, Timothy Korytko, Ronald Coy, Sharon, Ronald Coy Ronald Coy, Coy, who's, Coy hasn't, she's, we've, Eli Lilly's Van Naarden, Bristol Myers Squibb, Robert Plenge, Susan Galbraith, Galbraith Organizations: Bristol Myers Squibb, AstraZeneca, Guggenheim Securities, Novartis, NSA, Pharmaceutical, Bassett Healthcare Network, Bristol, Fusion Pharmaceuticals, Guggenheim Locations: Aedea Rome, Italy, radiopharmaceuticals, Swiss, FactSet, Bristol, Indiana, U.S, New York, Bassett
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I spent the next three years with the company in India, then moved to the company's office in Dubai for two years, and then to Amsterdam. I enjoyed being done with work by 5 or 6 p.m. and having the rest of the day to myself. I'd been watching India's growth since I left and felt like I had missed the boom by leaving in 2014. I also felt like there was no career growth for me in Europe.
Persons: , Sarvesh Rajagopal, it's, I'd, I'm Organizations: Service, United Arab, McKinsey, Business, ING, Indian Institute of Management Locations: United Arab Emirates, Netherlands, Germany, India, Dubai, Amsterdam, Berlin, Europe, Ukraine, Latin America
An attendee holds a "Support Amazon Teamsters" sign during a rally with workers and union members as part of an "Amazon Teamsters Day of Solidarity" in support of the unionization and collective bargaining of Amazon delivery drivers at the Teamsters Local 848 in Long Beach, California, on Aug. 29, 2024. Hundreds of Amazon delivery drivers at one of the company's New York facilities joined the International Brotherhood of Teamsters, the union announced Monday, marking the latest escalation of organizing efforts in its logistics network. The drivers work for Cornucopia Logistics, DNA Logistics and Champion Logistics, a Teamsters spokesperson said. A majority of drivers at each of the contracted firms signed authorization cards to join the Teamsters, the union said in a release. Last week, Amazon announced it was hiking wages for contracted delivery workers as part of a $2.1 billion investment into the program.
Persons: Sean O'Brien Organizations: Solidarity, Teamsters, International Brotherhood of Teamsters, Cornucopia Logistics, DNA Logistics, Champion Logistics, Amazon, Drivers, National Labor Relations Board, NLRB Locations: Long Beach , California, York, New York's Queens, U.S, Palmdale , California
To that end, the recommendations of top Wall Street analysts can help investors choose stocks with strong fundamentals and the ability to pay consistent dividends. Here are three dividend stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. MPLX LPWe start this week with MPLX (MPLX), a midstream energy player. Recently, RBC Capital analyst Elvira Scotto reiterated a buy rating on MPLX stock with a price target of $47. The company recently paid a base dividend of $1.25 per share of common stock and a variable dividend of $1.27 per share.
Persons: Wall, Elvira Scotto, Scotto, TipRanks, Scott Hanold, Ivan Feinseth, Feinseth Organizations: Wall, MPLX, RBC Capital, Logistics, Energy, Hanold, Chord Energy, Tigress Locations: buybacks, Williston
VISNOVA, Czech Republic — At least four people died and thousands of homes were damaged by flooding in eastern Romania on Saturday, officials said, as surging river levels put authorities on alert in much of central and eastern Europe following days of torrential rain. Tens of thousands of households were left without power in Romania and the Czech Republic, where more rainfall is forecast in the coming days. Poland, Slovakia, Hungary, southern Germany and parts of Austria are also expected to see more heavy rain. Television images from the area showed streets flooded with muddy water, silt and debris as rescuers led residents to safety. Evacuations and blackoutsIn the Czech Republic, northern and northeastern areas bore the brunt of the deluge and 51,000 households had their electricity supply cut off, the CTK news agency said.
Persons: Marcel Ciolacu, ” Ciolacu, Petr Hladik, Roman Christof, , Charles, Tomasz Siemoniak, Donald Tusk, Chancellor Karl Nehammer, , ” Nehammer Organizations: Czech Republic —, Prague Zoo, Czech Railways, Locations: Czech Republic, Romania, Europe, Poland, Slovakia, Hungary, Germany, Austria, Czech, Prague, Galati, Visnova, Brno, Bratislava, Lower Austria
My mom moved in when she was 55, admittedly a little early. Even though my mom is now working full-time, our multigenerational setup still works for our childcare needs and her financial goals. AdvertisementLogisticsWhen my mom moved in, there was a learning curve, and still is, as to where everything goes. My mom moved around and whittled her belongings down, but somehow, she filled three rooms at my house and a storage unit. I see my mom having so many special moments with our daughter.
Persons: , We're, I've, We've Organizations: Service, Business, Costco
My mom moved in when she was 55, admittedly a little early. Even though my mom is now working full-time, our multigenerational setup still works for our childcare needs and her financial goals. AdvertisementLogisticsWhen my mom moved in, there was a learning curve, and still is, as to where everything goes. My mom moved around and whittled her belongings down, but somehow, she filled three rooms at my house and a storage unit. I see my mom having so many special moments with our daughter.
Persons: , We're, I've, We've Organizations: Service, Business, Costco
Minder said some companies face going out of business if they don't pay the ransom. He said organizations might also pay when cybercriminals take sensitive or proprietary information, such as personally identifiable information, and threaten to release it. Both paying and not paying can be riskyLance said that whether to pay ransom is ultimately up to individual companies. The FBI warns against paying ransom to attackers, as there's no guarantee you'll get your data back. Seeking help is crucialLance said that if you encounter ransomware, "don't try to go at it alone without any experience."
Persons: , Mark Lance, Kurtis Minder, Minder, Lance Organizations: FBI, Service, Google, MGM, Boeing, CDK Global, Caesars, GuidePoint, ransomware, IBM, US Securities and Exchange, cybercriminals Locations: Florida, North Carolina
Here's a rapid-fire update on all 32 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. AMD shares have caught a bid in recent days, but they're still cheap considering the growth of its AI processors. Broadcom : Investors who don't own any Broadcom yet should consider starting a position here, Jim said. Although it's tempting to offload shares, Jim said to stick with Honeywell for now because there's huge value in individual businesses like aerospace. There's little negative to say about this portfolio stock.
Persons: Jim Cramer's, Jim, Apple, haven't, it's, that's, he'll, Bob Iger, Bob Chapek, Larry Ellison, Biogen, Eli Lilly, Lowe's, Vimal Kapur, We'd, Linde, Lilly, Morgan Stanley, Goldman Sachs, It's, Jensen Huang, Kamala Harris, Republican Donald Trump, CrowdStrike, Palo, — we're, we're, Brian Niccol, Sands, Stanley Black, Decker, Wells, Charlie Scharf's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Abbott Laboratories, Abbott Labs, AMD, Amazon, Web, Broadcom, VMWare, Federal Reserve, Costco Wholesale, Coterra, DuPont, New York Times, Oracle, GE Healthcare, GE, Honeywell, Linde, Microsoft, Nvidia, Republican, Palo Alto Networks, Palo, Procter & Gamble, Procter, Gamble, Constellation Brands, Modelo, Stanley, TJX, Marshalls, Jim Cramer's Charitable, Traders, New York Stock Exchange, AFP, Getty Locations: Nvidia's, San Francisco, China, Dover, United States, industrials, OpenAI, Palo Alto, Wells Fargo
Still, morale may be Ukraine’s only hope in Pokrovsk as Russian forces zero in on the town. Russian forces are only 8 kilometers (5 miles) away, according to a map dated September 10 from DeepState, a group that monitors the progress of Russian forces in Ukraine that has links to Ukraine’s security services. Pokrovsk is coming under increasingly heavy bombardment by Russian forces as they advance as close as 8km to the town. CNNPokrovsk is a vital supply town for eastern Ukrainian forces fighting back the tides of Russian soldiers. It could result in a withdrawal of Ukrainian forces from Chasiv Yar and the line of contact moving closer to the much larger cities of Kramatorsk and Sloviansk.
Persons: Vitaly, Vitaly mumbles, , , He’s, Vladimir Putin’s, he’d, Oleksandr, ” Oleksandr, they’d, CNN Pokrovsk, Putin, Chasiv Yar Organizations: CNN, 59th Brigade, Ukrainian Armed Forces, Infantry, Convicts Locations: Ukraine, Pokrovsk, Russian, Kursk, DeepState, Donetsk, Kramatorsk
CNN —A group of key House Republicans have written to President Joe Biden urging him to lift the restrictions on the use of US-provided long-range weapons systems and allow Kyiv to strike targets deep inside Russia. The UK is also considering whether to allow Ukraine to strike deeper inside Russia with its own long-range system, the Storm Shadow. “No change to policy,” one senior administration official said, adding that there is currently no openness to lifting restrictions. Last month, senior Ukrainians presented US officials with targets they would like to strike in Russia during a visit to Washington. But the Ukrainians say there are weapons productions facilities that would be within reach of the ATACMS inside Russia that are worthy military targets, a source familiar with the Ukrainians position told CNN.
Persons: Joe Biden, Volodymyr Zelensky, Antony Blinken’s, Biden, Blinken, David Lammy, Keir Starmer, , Michael McCaul, Michael Turner, Mike Rogers, Ken Calvert, Thomas Kean, Richard Hudson, “ Biden, Harris, Donald Trump, Defense Lloyd Austin, ” Austin, , ” Blinken, “ It’s, Zelensky, ” John Kirby, It’s, CNN’s MJ Lee Organizations: CNN, Republicans, British, UK, House Foreign, House Intelligence, House Armed Services, House, Helsinki, Republican, Defense, Ukraine Defense Contact Group, Ukraine “, Ukraine, Russian, US National Security Council Locations: Kyiv, Russia, Ukrainian, Ukraine, Washington, London, U.S, Germany, Russia’s Kursk, Iranian, Crimea
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