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Lower-income workers without a college degree could be at the most risk of AI job replacement. AdvertisementNothing is certain about the future of AI technologies, but three things are becoming more clear. That said, if and when some AI job replacement does come, some workers could be more at risk than others. Conversely, 17% of high school graduates had jobs with high AI exposure, and 14% had jobs with both high AI exposure and low performance requirements. Re-training workers who lose their jobs due to AI could help move the needle in a more positive direction.
Persons: , It's, Angus Deaton, Deaton, he's Organizations: Service, of Economic Advisors, Walmart, Target Locations: China
JPMorgan CEO Jamie Dimon issued a warning in the bank's earnings report Friday. With so much at stake, here's an earnings season cheat sheet of when some of the biggest companies are reporting and the storylines to follow. Themes to watch: AI could reduce the number of junior bank employees thanks to the tech automating their grunt work . Themes to watch: Netflix was dubbed the king of streaming earlier this year after a big earnings report. The bank's earnings report beat analysts' expectations, but advisory revenues were down 21% year-over-year.
Persons: , Donald Trump's, iStock, Rebecca Zisser, Jamie Dimon, Dimon, Michael M, Goldman Sachs, Blackstone, Will Meta, Bob Iger's, Brooks Kraft, Jeremy Barnum, it's, Jeff Currie, Justin Sullivan, Tesla, Elon Musk, Musk, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Michelle Grisé, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, JPMorgan . Tech, JPMorgan, New York Stock Exchange, Finance Key Companies, Bank of America, Companies, Meta, Microsoft, Apple, Nvidia, Amazon, Retail, Walmart, Costco, Netflix, Disney, Paramount Global, Boeing, Brooks Kraft LLC, Getty, BI, Healthcare, RAND, Boston Marathon Locations: Israel, Russia, United States, New York, London, Chicago
She only stayed in Arizona for three months before realizing she wanted to return home to California. When you say you're from California, they think of LA, San Francisco, and San Diego. I'm a retired police dispatcher and believe crime needs to be punished, and I don't think it is here in California. But I don't live politics every day, and they did. When you're born and raised in California, you need to be in California.
Persons: , Jayne Ashton, I'm, Benson, You've, Paul Harris, It's, I've, Ashton, Matt Blank, shouldn't Organizations: Service, Business, Walmart, Safeway, Foods, California Locations: Homeland , California, Benson , Arizona, Arizona, California, Bloomington, San Bernadino County, San Francisco, San Diego, But California, Tennessee, Tuscon, Tucson, Hemet, Riverside County, Tehachapi, Southern California, Clovis, LA, Los Angeles
The American dollar store has fallen on hard times
  + stars: | 2024-04-14 | by ( Kevin Williams | ) www.cnbc.com   time to read: +5 min
Dollar Tree Inc. expects to close about 600 Family Dollar stores in the first half of fiscal 2024 and shut down an additional 370 Family Dollar and 30 Dollar Tree locations as their leases expire. "Dollar General and Family Dollar are neighborhood consumable stores, while Dollar Tree is a modern version of the old-fashioned variety stores," Strong said. Dollar General and Family Dollar have an 80 percent consumable merchandise mix: food, cleaning supplies, and healthcare. While Dollar General caters to a primarily rural clientele, Family Dollar stores are generally in urban areas. There are larger-format Dollar General stores, food-focus stores branded as Dollar General Market, and a Popshelf, a new concept store focusing on items that rival Dollar Tree is better known for (think wrapping paper and party favors).
Persons: Ruth Colvin, Graves, Colvin, isn't, Ellen Forroux, Forroux, Mary, John Strong, Strong Organizations: Inc, Walmart, Social, Dollar, Aldi Locations: Hyattsville , Maryland, Columbus , Ohio, Medford , Oregon, Los Angeles
And on social media sites like Instagram, ads for Frida products related to fertility and breast health have long been censored and removed. A February 2023 report published by Canada’s Alberta Women’s Health Foundation found that taboos around women’s health issues hurt women by reducing awareness of conditions like menstruation symptoms and loss of bladder control. According to Bird, the return on investment when it comes to funding women’s health is tremendous, “but the funding alone can’t do it. The science alone can’t do it.”“You actually have to be able to disseminate information about women’s health … at a level that can be understood. “You’re seeing that kind of decision-making around the advertisements being on social media, but in the general public, we talk about women’s bodies and women’s lives,” said Bird.
Persons: New York CNN —, Frida, Chelsea Hirschhorn, there’s, , , ” Hirschhorn, Hirschhorn, Jackie Rotman, Meta, it’s, Critics, Chloe Bird, Bird, Sara Murray Jordan Organizations: New, New York CNN, CNN, CVS, Target, Walmart, ABC, Meta, Intimacy Justice, Federal Trade Commission, FTC, Canada’s, Canada’s Alberta Women’s Health Foundation, Center for Health Equity Research, Tufts Medical Center, Medicine, Tufts University School of Medicine Locations: New York, Instagram, Canada’s Alberta
Instacart, DoorDash, and other apps seem to be trying to roll back Seattle's new gig worker pay law. They say Seattle gig workers are making less and delivering fewer orders after many raised prices. But in the preamble to the survey, Instacart indicated it already had thoughts about how things were going. One poster, who included screenshots of the message, encouraged other Instacart shoppers to turn the pre-written letter to the city council around. Uber Eats and Grubhub have also put out statements saying that things have gotten worse for their gig workers since Seattle's law took effect.
Persons: , Instacart, they've, That's, PayUp, DoorDash, Dashers, Anna Powell, GeekWire, Powell Organizations: Service, Seattle City Council, Business, Instacart, BI, Walmart Locations: Seattle, Seattle's, DoorDash
There are some companies all-in, as a brand, in fighting climate change , such as Patagonia. So-called green perks, also referred to as climate change benefits, could help to bridge that gap. A rising, though still marginal trend in the job market, employee enticement and compensation packages tied to climate change can help to make these abstractions clearer and more actionable in the workplace. "There's a nascent but growing interest in climate change benefits," Schneider said, pointing out that Google searches for commuter benefits, as an example, are trending up. Green perks are a benefits arena where the demand would seem to outstrip supply, and green commuter benefits may be the first indication of a wider adoption wave.
Persons: enticement, WTW, Caroline Mangiardi, Mangiardi, Lauren Schneider, it's, Schneider, Mercer, Lizzy Kolar, Kolar, Kolar's Organizations: Walmart, Apple, Bank of America, Compt, CSR, employee's CSA, Fortune Locations: Bentonville , Arkansas, Patagonia, Bentonville —, Bentonville, employee's
I purchased the Haus Labs foundation after watching a glowing review of the product by a makeup influencer on TikTok. That's where online reviews come in: For beauty, especially, reviews from influencers and regular people are crucial. Content Coach gives users prompts of key topics to include in their review, based on common themes in other reviews. "In terms of generative AI, if people can't trust whether a product review is genuine and written by a real user, they might choose to shop elsewhere," said Marissa Jones, the company's senior vice president of product. AI-powered reviews will certainly be great for beauty brands that want more high-quality reviews.
Persons: it's, Selena, Marissa Jones, Bazaarvoice, Chanel, Reilly Organizations: Service, Haus Labs, Business, Fashion, L'Oréal, Clarins, FTC, Walmart, eBay Locations: TikTok, Pacifica
Advertising tech companies are rushing to move away from third-party cookies. They're also developing new products for hot areas like streaming TV and retail media. With big challenges like the death of third-party cookies and new opportunities from areas like retail media and streaming TV, adtech companies are in a race for the industry's top talent. And they're hoping to cash in on the rise of retail media from the likes of Amazon, Walmart, and Kroger. They're also aiming to solve for cookieless advertising as Google's Chrome browser removes third-party cookies used for targeting and measuring digital ads, and they're developing next-generation generative AI tools.
Persons: They're Organizations: Business, Netflix, Disney, Amazon, Walmart, Kroger
To see the impact of higher inflation and higher interest rates on companies, just look at the earnings release for CarMax this morning. For example, higher rates are generally bad for REITs beause REITs rely on debt financing. Higher rates also mean increased borrowing costs for utilities, which carry a lot of debt because they use a lot of capital. The problem is, energy and material stocks have already been rising due to higher oil and a still strong economy. Other potential beneficiaries of higher rates with a strong economy are defensive stocks, which tend to be less interest rate sensitive, like Kroger or Walmart .
Organizations: Energy, Communication, Kroger, Walmart Locations: Meta
Trump has floated a 10% across-the-board tariff on imports, a 60% tariff on imports from China and a 100% tariff on foreign cars – including from Mexico. Trump’s proposals, if enacted, could easily set off a new trade war with China and potentially other nations, too. Some economists are warning Trump’s trade agenda and the ensuing retaliation from trading partners would hurt the US economy by worsening inflation, killing jobs, depressing growth and spooking investors. It’s hard to say exactly because there is a lot of uncertainty over how much of Trump’s proposed agenda would actually be enacted. That’s because tariffs tax imports when they come ashore, adding costs for US distributors, retailers and, ultimately consumers.
Persons: he’s, Donald Trump, Trump, ” Alex Durante, Trump’s, , Mark Zandi, Goldman Sachs, ” Goldman Sachs, Jan Hatzius, ” Goldman, Janet Yellen, Joe Biden’s, Karoline Leavitt, ” “, ” Leavitt, , Biden, “ Donald Trump, ” Biden, James Singer, Biden’s, That’s, Durante, Joe Brusuelas, don’t, ” Brusuelas, Brusuelas, Liz, Maury Obstfeld, Obstfeld, Obama, ” Durante Organizations: New, New York CNN —, Tax Foundation, CNN, Trump, China, Bureau of Labor Statistics, Federal Reserve, RSM, Target, Walmart, Peterson Institute for International Economics, International Monetary Fund, US International Trade Commission, , Obama Locations: New York, China, Mexico, Beijing, United States
Dollar Tree believed acquiring Family Dollar would help it compete against larger rivals. “When Dollar Tree bought Family Dollar, they didn’t really know what they were doing,” D’Arezzo said. Many Family Dollar stores were located too close to each other and cannibalized each other’s own sales, too, D’Arezzo said. Family Dollar “needs more work than the company originally thought.”A year later, an activist investor pushed for a sale of the “underperforming” Family Dollar business, and Family Dollar announced it would close 390 stores. Dollar Tree and Family Dollar executives say Family Dollar can still succeed, however.
Persons: Dollar, Ron Holman, ” Neil Saunders, GlobalData, , , David D’Arezzo, Rick Dreiling, Kelly Bania, Carl Icahn, Nelson Peltz —, ” D’Arezzo, D’Arezzo, Dreiling Organizations: New, New York CNN, Visalia Times, USA, Dollar, BMO Capital Markets, , Street, Justice Department, Bloomberg, Walmart, Costco Locations: New York, West Coast and Texas, West Memphis, , California , Nevada , Arizona, Texas, California
Data from two recent surveys, funded in part by Oxfam — the National Survey of Amazon Warehouse Workers and the National Survey of Walmart Warehouse Workers — is included in the report. The results show that a substantial amount of Amazon and Walmart warehouse employees surveyed reported being closely watched by technology while in the workplace. Advertisement"The conditions there are absolutely horrific," one Amazon warehouse worker in Alabama was quoted as saying in the report. The Oxfam report says that at Amazon, warehouse workers "are assigned handheld devices or scanners that record, count, and measure every item they move during their day." One Walmart worker quoted in the Oxfam report alleged that the company's warehouse robots "are treated better than human beings."
Persons: , Soren Larson, Maureen Lynch Vogel, Vogel, Petion, Suzanne Kreiter, Irit Tamir, they're, Tamir, Abby Maxman Organizations: Oxfam, Amazon, Walmart, Service, Securities, Exchange Commission, Oxfam —, National Survey, Amazon Warehouse Workers, National Survey of Walmart Warehouse Workers, Reuters Amazon, BI, Employees, Boston Globe, Getty, Oxfam America Locations: United States, Amazon, Alabama
I'll review a lower risk way to get long PDD. With lofty analyst expectations of over 50% annual revenue growth and 25%-plus EPS growth, PDD is downright cheap at only 13 times forward earnings. Despite the elevated growth rate, PDD remains very profitable with strong operating margins and FCF generation. However, I believe that the risk/reward is there for options buyers by using a vertical spread. PDD 1Y mountain PDD, 1-year Let's go out to June and buy the $120/$145 call vertical for a $8.10 debit.
Persons: PDD Organizations: PDD Holdings, Amazon, Walmart, FedEx
Read previewSome drivers for Walmart's Spark delivery service are now getting hundreds of dollars in tips that they were owed after the retailer fixed a glitch. Some Spark drivers got an email informing them of the payment on Tuesday, according to emails seen by Business Insider. Related storiesOne driver posted a screenshot of a $179.77 adjustment payment on Tuesday to Spark Driver Community, a Facebook group for Spark drivers with just over 30,000 members. AdvertisementTips have long been a contentious topic for Walmart's Spark drivers. Do you work for Walmart Spark, DoorDash, Instacart, or another gig delivery service and have a story idea to share?
Persons: , wouldn't, Adrian Youngblood Organizations: Service, Business, Walmart, Driver, BI Locations: Ohio
Popular YouTube group Dude Perfect, which first rose to popularity for its basketball trick shots, has secured a significant nine-figure investment, in the range of $100 million to $300 million, from private investment firm Highmount Capital. Dude Perfect has five members – Coby Cotton, Cory Cotton, Tyler Toney, Garret Hilbert and Cody Jones. The Dude Perfect YouTube channel has over 60 million subscribers with over 17 billion views. Dude Perfect is more than just a YouTube channel. The Dude Perfect team has become adept at family-friendly entertainment, which has been key in attracting more advertisers on YouTube.
Persons: Coby Cotton, We're, we've, – Coby Cotton, Cory Cotton, Tyler Toney, Garret Hilbert, Cody Jones, it's, Jason Illian, Dude, Cotton Organizations: Highmount Capital, Texas, M University, YouTube, Social, Walmart Locations: Frisco , Texas, Smoothie
E.l.f Beauty CEO Tarang Amin told CNBC's Jim Cramer on Tuesday why his company launched an app on Apple 's new virtual reality headset, the Vision Pro, saying it's important to try new things. "So, the Apple Vision Pro is a continuation of — we're going to constantly test and learn on new frontiers and delight our community." According to Amin, a lot of E.l.f Beauty's success is because it is not "not dependent on any one platform, or any one way of going to market." But Wall Street worried about the state of the industry last week after Ulta Beauty's CEO Dave Kimball warned that demand for beauty products was slowing at a Wednesday conference hosted by JPMorgan . "We see the same thing at Ulta as we see with other customers: E.l.f is their most productive brand."
Persons: Tarang Amin, CNBC's Jim Cramer, Amin, Piper Sandler, E.l.f, Ulta, Dave Kimball, he's Organizations: Apple, Vision, Target, Walmart, JPMorgan
Former Walmart U.S. CEO: Expect one rate cut at most this year
  + stars: | 2024-04-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Walmart U.S. CEO: Expect one rate cut at most this yearBill Simon, former Walmart U.S. CEO, joins 'Money Movers' to discuss if now is the time when the consumer will begin to weaken, where the middle-income consumer is right now, and more.
Persons: Bill Simon Organizations: Former Walmart U.S, Walmart U.S
Investors can turn to the expertise of Wall Street analysts who can identify stocks with long-term growth potential and the ability to generate the solid cash flows needed to support continued 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. (See Walmart Ownership Structure on TipRanks)SLBThis week's third dividend pick is oilfield services company SLB (SLB). SLB stock offers a dividend yield of 2%. (See SLB Stock Buybacks on TipRanks)
Persons: Wall, Kenneth Lee, Lee, TipRanks, Corey Tarlowe, Tarlowe, Goldman Sachs, Neil Mehta, Mehta Organizations: Walmart, Wall Street, OneMain Holdings, RBC Capital, OneMain, Jefferies Locations: Hallandale Beach , Florida, TipRanks
A class action settlement could mean a payday for Walmart shoppers. The shopping giant resolved allegations of overcharging customers in a $45 million settlement. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Walmart reached the $45 million settlement to resolve allegations that the retail giant overcharged shoppers for its sold-by-weight products, including packaged meat and certain bagged citrus, according to legal documents. This story is available exclusively to Business Insider subscribers.
Persons: , you've Organizations: Walmart, Service, Business
It claimed that his wife, Kelly, hadn't paid about $10,000 in taxes on income from her work on DoorDash. None of them referenced Gardner's actual Social Security number, though all included the last four digits of other people's Social Security numbers. The hack gave the attackers access to Social Security numbers and other personal information about the drivers, the retailer said. Gardner, who had previously used DoorDash as a customer, said she ultimately ignored the 1099s she received. Do you work for DoorDash, Instacart, Walmart Spark, or another gig delivery service and have a story idea?
Persons: , Brandon Emerson, Kelly, hadn't, DoorDash, Brandon, She's, @Uber I've, Michael M Organizations: Service, Business, Social, Uber Locations: Rochester , New York
The Barkley Marathons consists of five loops, 20 miles each, along unmarked trails in rural Tennessee, with about 67,000 feet of elevation. David Allan/CNN If accepted into the race, runners get a "letter of condolence." David Allan/CNN Barkley runners jump into a creek and wade through a tunnel that goes under Brushy Mountain State Penitentiary. Instead, it was weeks of training that laid the foundation for Paris’ Barkley success. We know that travel is a huge component of the carbon footprint of running and racing.”Regardless of whether she returns, the Barkley Marathons is an event that Paris will always hold dear.
Persons: CNN — Jasmin Paris, , Gary Cantrell, “ I’ve, “ I’m, I’ve, Jacob Zocherman Paris, Barkley, , It’s, , ultrarunners, Cantrell, Cantrell –, David Allan, They're, Laz, CNN Barkley, James Earl Ray, Martin Luther King Jr, Harvey Lewis, Paris ’ Barkley, “ It’s, ” – Organizations: CNN, Barkley, , CNN Sport, Walmart, BBC, Everest, Paris, Scotland – Locations: ” Paris, British, Everest, Paris, Tennessee, Brushy Mountain, Scotland, Austria,
Hungry at 3 am? You’re out of luck now
  + stars: | 2024-04-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +6 min
Not even all of 24 Hour Fitness’ gyms — the promise is right in its name — are 24 hours. The city that never sleeps, New York, has lost 13% of its 24-hour restaurants. Around half of IHOP’s 1,800 locations are back to being open 24 hours on Friday and Saturday, at the very least. Ed Endicott/Alamy Stock Photo/FilePete’s was open 24 hours, seven days a week from the 1990s until the pandemic hit in 2020. Despite the signage, Mi Tierra is no longer open 24 hours in San Antonio, Texas.
Persons: hasn’t, Waffle, , Alex Barakos, Ed Endicott, Pete’s, Barakos, , Hudson Riehle, Edward Hopper’s, Harold, Kumar Go, Stephen Zagor, Pete Cortez, Michael Silver Geo, “ There’s, ” Cortez, ’ ” Cortez Organizations: New, New York CNN, Walmart, Hollywood, Alamy, Bureau of Labor Statistics, , National Restaurant Association, Edward Hopper’s Nighthawks, Columbia Business School, of Locations: New York, Covid, Los Angeles, Chicago, Denver, Philadelphia, White, , New York City, San Antonio, Mi, San Antonio , Texas, Tierra, tuxedos
CNN —Walmart shoppers could be entitled to as much as $500 as part of a class-action lawsuit settlement by the retailer over allegations that it overcharged customers for certain products. Walmart reached a settlement late last year to pay $45 million to customers, while denying any allegations of wrongdoing. They include:–$10 without a receipt, but a shopper can attest to buying up to 50 weighted goods and/or bagged citrus in-person in a Walmart store during the settlement class period. –$25 without receipts or proof of purchase but attest to buying 101 or more weighted goods and/or bagged citrus. Walmart shoppers can file a claim online or via mail, postmarked, on or before June 5, 2024.
Persons: Organizations: CNN, Walmart, Citrus Locations: United States, Puerto Rico
The recall involves Tide, Gain Flings, Ace and Ariel liquid laundry detergent pod packets, which were made between September 2023 and February 2024 and sold in flexible film bags in the United States. The CPSC warned that eating a large quantity of detergent can result in death, especially among people with underlying health issues. There have been no confirmed cases of injury directly related to this packaging defect, the CPSC said. Consumers can check for recalled lot codes at pg.com/bags and compare them to codes at the bottom of their package. The CPSC has advised consumers to immediately put recalled bags out of sight and reach of children.
Organizations: New, New York CNN, Procter & Gamble, US Consumer Product Safety, Sam’s, Target, Walmart, Amazon, Procter, Gamble Locations: New York, United States
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