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In the eyes of Whole Foods co-founder John Mackey, Jeff Bezos is a "brilliant man" — all because of a few price cuts at the grocery chain. Whole Foods was struggling with declining sales when Bezos' Amazon bought the grocery chain for $13.7 billion in 2017. Shoppers were already looking elsewhere after larger, less expensive rivals like Walmart started stocking more organic foods to appeal to Whole Foods' target customers. That included producing a greater number of products from Whole Foods' in-house 365 brand, which Amazon also started selling online. "I hardly ever hear the 'whole paycheck' narrative any longer—that's due to Amazon," Mackey said.
Persons: John Mackey, Jeff Bezos, Jeff, Mackey, Fortune, Bezos, IBISWorld, Bezos —, Organizations: Foods, Amazon, Shoppers, Walmart, CNBC
AdvertisementThere's a good chance that just one private equity firm owns one of your favorite restaurant chains. Its latest acquisition happened last year when it acquired Subway, which operates the most stores out of any restaurant chain in the US. But Roark's holdings include other restaurants that you've probably visited before:Roark Capital owns almost 20 restaurant brands, from Carl's Jr. to Dunkin'. AdvertisementThe private equity firm also has investments in The Cheesecake Factory, which is publicly traded, as well as midwestern burger chain Culver's. AdvertisementWhile Roark owns a lot of restaurant brands, it's hardly the only private equity player in the industry.
Persons: , Carl's Jr, Dunkin, Tyler Le, Roark, Jimmy John's, Auntie Anne's, Howard Roark, Ayn, TriArtisan Organizations: Buffalo Wild Wings, Roark Capital Group, Service, Business, Roark Capital, Hooters, TriArtisan Capital, Bay Capital Locations: Subway, Arby's, Carl's, Atlanta, Ayn Rand's, Nestle, Mars
Why tariffs on Chinese EVs may not work
  + stars: | 2024-06-15 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +2 min
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. President Joe Biden last month introduced stiff tariffs on Chinese EVs, effectively doubling the list price, which can otherwise be as cheap as $11,500. The administration says Chinese firms have benefited from unfair government support, and Chinese EV imports threaten the Biden administration's big investments in EVs. But a few auto industry insiders are skeptical that tariffs will be able to hold off Chinese imports for long.
Persons: Dunne, Michael Dunne, Joe Biden, Sen, Sherrod Brown, Tesla, Elon Musk, Bill Russo, Donald Trump, Russo Organizations: Volvo, EV, Biden, Chrysler Locations: China, U.S, Sweden, EVs, Ohio, Shanghai, Beijing
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOne of the UK's top doctors has warned people against taking weight loss drugs such as Ozempic to get "beach body ready" for summer, saying they should not be seen as a "quick fix." "Drugs including Ozempic and Wegovy should only be used by people prescribed them for obesity or diabetes. Nevertheless, weight loss drugs such as Ozempic and Wegovy have soared in popularity over the last year. AdvertisementThere are currently three semaglutide products approved by the US Food and Drug Administration — Ozempic injection, Wegovy injection, and Rybelsus tablets.
Persons: , Stephen Powis, Powis, I'm, Vicky Price Organizations: Service, National Health Service, Business, NHS Confederation, Society for Acute, Novo Nordisk, Europe's, Statistics, US Food and Drug Administration Locations: England, London, Danish, Statistics Denmark
Wombo AI is an app that makes generative images of celebrities. It's gone viral for making images of Donald Trump, Drake, and Travis Kelce — with pregnant belliesYes, this very stupid. 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 . Read looked at some of the early AI things that had delighted us: the pope in a puffer coat and Will Smith eating spaghetti.
Persons: It's, Donald Trump, Drake, Travis Kelce —, , Joe Biden, Max Read, Read, Will Smith Organizations: Service, Business
I'm not really a Jimmy Buffett fan, but Margaritaville Cancún is my favorite all-inclusive resort. 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 . AdvertisementI've never really been a fan of Jimmy Buffett's music, and the late musician's Margaritaville hotels and restaurants have always struck me as a little cheesy. This story is available exclusively to Business Insider subscribers.
Persons: I'm, Jimmy Buffett, , I've, Jimmy Buffett's Organizations: Service, Marriott, Business Locations: taco, Carretera Tulum, Hyatt
Costa Rica's Nicoya Peninsula is one of the world's blue zones, where residents live longer. I tried the Costa Rican diet for about two weeks and saw big differences to meals in the US. Here are three ways to bring elements of the Blue Zone diet back home. AdvertisementLast month, as I explored Costa Rica's Pacific coast, I took particular care to visit the Blue Zone of the Nicoya Penninsula. But there are also clear differences in the local diet here compared to both elsewhere in the country and around the world.
Persons: Costa, , I'd Organizations: Service, Central, Business Locations: Nicoya, Costa Rican, Costa, Pacific, Central American
Representatives from the warring nations held peace talks in the early weeks of the Russian invasion. It was the only time that Ukrainian and Russian officials are known to have engaged in direct peace talks. This includes the Crimean Peninsula, which Mr. Putin annexed in 2014 in a swift operation that he considers central to his legacy. At another point, Russia’s lead negotiator, Mr. Medinsky, interrupted a video conference by claiming that Mr. Putin was phoning him directly. There were signs that Mr. Putin was micromanaging not only the Russian invasion but also the peace talks.
Persons: Vladimir V, Putin, , Putin’s, … ”, , Oleksandr Chalyi, Mr, Vladimir Medinsky, Oleksii Reznikov, Vladimir Putin, Leonid Slutsky, Medinsky, , Aleksandr Fomin, Reznikov, Ukraine’s, … “, Sergey Ponomarev, Ukraine —, Andrzej Duda, Duda, Putin “, Recep Tayyip Erdogan, Murat Cetin Muhurdar, Russia’s, Zelensky, , , , Daniel Berehulak, Davyd Arakhamia, ” “, Roman Abramovich, ” Mr, Arakhamia, Abramovich, micromanaging, Nanna Heitmann, France —, Laetitia Vancon, Kamala Harris, Volodymyr Zelensky, “ Putin, Marc Weller, Russia “, Weller Organizations: The New York Times, Ukraine, Kremlin, NATO, , Russian Federation, , European Union, West, Ministry, Times, Europe’s, Russian, Moscow, Donetsk People's, Nazi, U.S, Ukrainian, Turkish Presidential Press Service, Agence France, The Times, Russia, New York Times, stoke, Cambridge Locations: Ukraine, Russia, Moscow, Kyiv, Crimean, Switzerland, Ukrainian, Crimea, “ Ukraine, Republic of Crimea, Sevastopol, , … ” Russia, Russian, ” Russia, Istanbul, Geneva, Belarus, Western, Russia’s, Donetsk, Donetsk People's Republic, Luhansk People's Republic, Simferopol, Poland, Germany, France, European, Brussels, Turkish, Zelensky, , Great Britain, China, United States, Turkey, Canada, Italy, Israel, Bucha, Washington, Swiss, Russians
Once, after he executed a particularly tough-minded legal attack on Republicans, Bob Bauer remembers, a conservative magazine called him an “evil genius.” He took it as a compliment. Mr. Bauer was their man. But now Mr. Bauer, the personal attorney for President Biden and previously the White House counsel for President Barack Obama, is looking back and rethinking all that. Maybe, in taking the “genius” part to heart, he should have been more concerned about the “evil” part. And in the process of thinking about what went wrong, Mr. Bauer, who calls himself a “committed partisan warrior,” has stopped to wrestle with his own role in the wars.
Persons: Bob Bauer, , , Bauer, Biden, Barack Obama Organizations: White
110 of these images are published now in the monograph “My America;” quiet, monochromatic images of everyday sites like parking lots, rural roads and suburban sidewalks. Diana MatarMonique Deckard, 43, was shot and killed by police officers outside her apartment in Anaheim, California, on March 8, 2015. Two chairs on a sunny sidewalk in Los Angeles, California, indicate where 37-year-old Norma Guzman, 37, was shot and killed by police officers in 2015. Terence Crutcher, 40, was shot and killed by a police officer in Tulsa, Oklahoma on September 16, 2016. Diana MatarClemente Najera, 38, was shot and killed by a sheriff's officer in Elsinore, California, on April 15, 2016.
Persons: Diana Matar, , ” Matar, “ Timewise, , Matar, Saycon, Diana Matar Charles Pettit Jr, Diana Matar Monique Deckard, Terence Crutcher, Jose Cruz, Norma Guzman, ” Norma Guzman, Guzman, Diana Matar Rodney Turner, Diana Matar Ian King, , Eric Garner, Michael Brown, Tamir Rice, Walter Scott, — Matar, Diana Matar Clemente Najera, Diana Matar Jose Rodriguez, Diana Matar “ Organizations: CNN, The Guardian, Los Angeles City Council, Columbia University’s Barnard College Locations: California, Texas, Oklahoma, New Mexico, Long Beach , California, Midwest City , Oklahoma, Anaheim , California, Tulsa , Oklahoma, Addison , Texas, Los Angeles , California, Oklahoma City , Oklahoma, Ponca City , Oklahoma, New York City, Libya, North Africa, Italy, Ukraine, Ferguson , Missouri, Cleveland , Ohio, Charleston , South Carolina, America, Elsinore , California, Albuquerque , New Mexico,
Related storiesAccording to Cappel, their first two trips were filled, and all guests expressed interest in another "phone-free" trip. AdvertisementShe acknowledged that tech-free travel hasn't become completely mainstream, "People are still a little intimidated by the idea." The reasons for going phone-free when traveling varyOne popular motivation is for couples to spend quality time with their partners. Phone-free travel can also help with burnoutLast summer, nonprofit strategist Izzy Doonan did a tech-free week-long trip in the Cascades with her partner and another couple. FTLO provides the trip leaders' phone numbers and full itineraries with contact information to travelers to share with whoever might need it.
Persons: , they're, Hector Hughes, Hughes, Tara Cappel, We're, Cappel, haven't, it's, Elena Mnayarji, Elena, Izzy Doonan, Doonan, wasn't, Mnayarji Organizations: Service, Business, Pew Research Center, Group, Berkeley, Logistics Locations: Thailand, Scottish, Mallorca, FTLO
Ukraine used a Patriot missile to down a prized Russian A-50 spy plane earlier this year. The hi-tech A-50 is crucial for Russia's early warning, command, and control during air operations. A senior US officer called the destruction of the A-50 a 'SAMbush.' download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA senior US Army officer has confirmed that Ukraine used a Patriot missile system to down a Russian A-50 spy plane back in January.
Persons: , Rosanna Clemente Organizations: Service, US Army, Patriot, 10th Army Air and Missile Defense Command, Business Locations: Ukraine, Russian
AdvertisementSo she developed new staple meals like cottage cheese bowls and chicken with potatoes. Mancuso shared the easy, staple meals that helped her lose 200 pounds over two years. Cottage cheese bowls"I've had cottage cheese bowls most days," Mancuso said. She said she sometimes eats cottage cheese as it is, but other times blends it into a smooth yoghurt-like consistency. Related stories"I add maple syrup to sweeten and also sometimes add a flavored protein powder to add more protein," Mancuso said.
Persons: , Leah Mancuso, Mancuso, aren't, she's, fryer, Mancuso hasn't, takeout, that's Organizations: Service, Business, carbs Locations: Scottsdale , Arizona
Read previewGerman chancellor Olaf Scholz believes it is "very likely" that President Joe Biden could be reelected in November. I think it is very likely that the current president could win the election," said the German leader. Advertisement"He is committed to togetherness and cohesion in his country," Scholz added. But the German chancellor dismissed such worries, saying the president is "very clear." AdvertisementThe German chancellor was speaking ahead of a Ukraine peace conference set to be held in Switzerland.
Persons: , Olaf Scholz, Joe Biden, Biden, Scholz, Axel Springer, Trump, Vladimir Putin, Putin Organizations: Service, Business, Reuters, Trump, Biden, NATO Locations: Ukraine, Switzerland, Moscow, Russia
Goodbye, Work Friends
  + stars: | 2024-06-15 | by ( Roxane Gay | ) www.nytimes.com   time to read: +2 min
We spend a lot of our lives working, especially in the United States — 40, 50, 60 or more hours a week. For those four years, across 95 installments, writing the Work Friend column has afforded me a unique opportunity to reflect on the professional life. I’ve had good jobs, great jobs and terrible jobs. I’ve worked with quirky people and talkative people and folks who were practically invisible, just quietly coming to work, doing their job and minding their own business. My dad suggested this so I could better understand the value of a dollar and the importance of hard work.
Persons: we’re, Friend, I’ve Locations: United States
CNN —Montenegro goalkeeper Matija Šarkić, who played for English club Millwall, has died aged 26. Matija Šarkić had played for a number of English teams. Steven Paston/PA WireThe goalkeeper made nine international appearances, and started for Montenegro against Belgium on June 5, a friendly international which Belgium won 2-0. Born in the English town of Grimsby, Šarkić began his career with Anderlecht in Belgium before moving to Aston Villa in 2015. Wolves described its former player as “smart, bright, warm and funny.”“We are truly heartbroken by today’s tragic news,” the Premier League club said on X.
Persons: Matija Šarkić, Millwall, , , “ Matija, Matija’s, ” Šarkić, Steven Paston, Šarkić, Villa Organizations: CNN — Montenegro, English, Millwall, Football Association of Montenegro, Montenegrin FA, National, ” Millwall, Wolverhampton Wanderers, London, Belgium, Anderlecht, Aston Villa, English Premier League, Wolves, Premier League Locations: Montenegro, Grimsby, Belgium
A Russian tank fell into a crater and was targeted by Ukrainian drones, new footage appeared to show. Ukraine's 68th Jaeger Brigade claims to have destroyed eight Russian tanks in the Donetsk region. The battle was in one of the "most tense" areas along the front line, Ukraine's General Staff said. AdvertisementA new war video from the battlefield in Ukraine appears to show a Russian tank falling into a crater when fleeing Ukrainian fire. The footage, released by Ukraine's 68th Jaeger Brigade, begins by showing drone video of an oncoming column of Russian armor.
Persons: Ukraine's, Organizations: Jaeger Brigade, Ukraine's, Staff, Service, Ukraine's 68th Jaeger Brigade, Business Locations: Ukrainian, Donetsk, Ukraine, Russian
Opinion: The fanatical Hamas leader who calls the shots
  + stars: | 2024-06-14 | by ( Peter Bergen | ) edition.cnn.com   time to read: +7 min
CNN —In February, the Israeli Defense Forces released a grainy video showing the back of a man they identified as Yahya Sinwar, Hamas’ leader in Gaza. Since the video didn’t show Sinwar’s face, there was no independent confirmation that the shadowy figure was indeed the Hamas leader. Former Israeli dentist Yuval Bitton, who treated Hamas leader Yahya Sinwar in an Israeli prison, speaks during an interview in his house in Kibbutz Shoval, Israel, February 5, 2024. While he was in prison, Sinwar admitted that he had killed several Palestinians who he believed were collaborating with the Israelis. While he was in prison, Sinwar became the leader of his fellow Hamas inmates, according to The Washington Post.
Persons: Peter Bergen, , Osama bin Laden, CNN —, Yahya Sinwar, It’s, Sinwar, Ali Jadallah, Joe Biden, hasn’t, ” Sinwar, Yuval Bitton, Amir Cohen, Bitton, Peter Bergen Sinwar, Biden, Antony Blinken, , Gilad Shalit Organizations: New, Arizona State University, Apple, Spotify, CNN, Israeli Defense Forces, Anadolu Agency, Getty, Hamas, Wall Street, New York Times, Reuters, Israel Hayom, The Washington Post, Sinwar, Israel, Gaza Health Ministry Locations: New America, Gaza, Israel, Gaza City, East, Kibbutz Shoval, Israeli
Read previewKing Charles III was born on November 14, 1948, so you likely wouldn't expect him to be thinking about his birthday in the summer. According to the royal family's website, Trooping the Colour has been the British sovereign's official birthday celebration for over 260 years. AdvertisementTrooping the Colour is the monarch's official birthday celebrationThe annual celebration occurs in the summer, regardless of when the reigning monarch's actual birthday is. King Charles and Queen Camilla at Trooping the Colour 2023. Nowadays, the event typically takes place on a Saturday in June.
Persons: , Charles III, King Charles, Queen Camilla, Chris Jackson, King George II, Queen Elizabeth II, Queen Elizabeth, Anwar Hussein, Buckingham, Princess Diana, Prince Harry, Charles, Ben Stansall, Kate Middleton, Kate Organizations: Service, Business, Horse Guards, BBC, Ministry of Defence, RAF, Buckingham Palace, Irish Guards, Irish Guard Locations: British, Buckingham Palace, Whitehall, London, Buckingham, Queen, Windsor
Amplify raises $20 million in funding to democratize life insurance. Founded in 2019, Amplify lets users invest premiums in public and alternative equities. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAmplify, an insurance tech startup that wants to democratize life insurance, has raised $20 million in funding. Founded in 2019, Amplify is a digital platform that lets users invest in various public equities and alternative assets using their life insurance premiums.
Persons: , Hanna Wu Organizations: Service, Business
US stocks dipped on Friday after the S&P 500 and Nasdaq 100 reached record highs four days in a row. Investors expect the Federal Reserve to begin cutting interest rates at its September FOMC meeting. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Friday's decline in stocks was preceded by a sharp decline in European stocks, as recent election results continue to make waves in France and Germany. The market currently expects the Fed to begin cutting interest rates at its September FOMC meeting.
Persons: Loretta Mester, , DAX, Austan, Mester Organizations: Nasdaq, CNBC, Investors, Federal Reserve, Service, University of Michigan, Fed, Here's Locations: France, Germany
Costco has made headlines selling gold bars from Swiss and South African refineries. Collectors are tracking a dozen or so other gold and silver products the company has sold. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBy now most folks have heard that Costco sells a lot of gold. But while the coverage has focused largely on gold bars from Swiss and South African refineries, the wholesale club's precious metals offering is much bigger.
Persons: Organizations: Costco, Service, Business Locations: Swiss
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Friday's full episode of the Halftime Report — June 14, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
Tesla's shareholders approved Elon Musk's $55 billion pay package and the company's move to Texas. Wedbush analyst Dan Ives called the result a "pop the champagne moment" for Tesla investors. AdvertisementAt least one analyst is extremely optimistic about how Tesla's shareholders voted. Wedbush Securities analyst Dan Ives called Tesla chief Elon Musk's victory a "pop the champagne moment" for investors in a note on Thursday. The Tesla vote focused on two main issues: the company's move from Delaware to Texas, and approval of Musk's $55 billion pay package, which was largely seen as a referendum on his leadership.
Persons: Dan Ives, Ives, , Elon Musk's Organizations: Elon Musk's, Service, Wedbush Securities, Tesla, EV, Business Locations: Texas, Delaware
Learn moreThe Boston Celtics and Dallas Mavericks will face off tonight in Game 4 of the NBA Finals. Keep reading to learn everything you need to know about how to watch the NBA Finals, whether you have cable or are seeking a live streaming alternative. How to watch Celtics vs. Mavericks live stream in the USCeltics vs. Mavericks Game 4 tips off on Friday at 8:30 p.m. View at SlingFubo is another solid live TV streaming package with even more channels in its lineup. View at FuboHow to watch Celtics vs. Mavericks live stream from anywhereFans who will be traveling outside the US during the game can still keep up with their subscriptions via VPN.
Persons: you've, Larry O'Brien, we've, Fubo, They're, ExpressVPN Organizations: Business, Boston Celtics, Dallas Mavericks, NBA, Celtics, Golden State Warriors, Mavericks, US Celtics, ABC, Sling Locations: New York City, Los Angeles , Philadelphia, Chicago, Dallas, Boston
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