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☆ Eyeing China, the Philippines wants to buy its first attack submarine
▼ + stars: | 2024-07-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Read previewAmid rising tensions with China, the Philippines is planning to buy its first submarine. AdvertisementChina and its neighbors have been at loggerheads for the past decade, after Beijing claimed sovereignty over most of the South China Sea, including islands and resource-rich waters. AdvertisementBut that leaves the question of how readily the Philippines Navy can operate a submarine. Chinese Coast Guard holding knives and machetes as they approach Philippine troops in the disputed South China Sea on June 17, 2024. Armed Forces of the Philippines via AP, FileA single submarine would do little to change the power imbalance between the Philippines and China.

Persons: —, Greg Poling, Ferdinand Marcos Jr, Thomas Shoal, Poling, Rodrigo Duterte, You've, Mark Manantan, Manantan, Michael Peck Organizations: Service, Business, Philippine Navy, Washington -, Strategic, International Studies, Diesel, Philippines Navy, Malaysia, Forum, Islamic, Philippine Communist Party, Coast Guard, Armed Forces, AP, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Philippines, Philippine, South China, Asia, Washington, loggerheads, Beijing, Vietnam, Malaysia, Sierra Madre, American, France, Spain, South Korea, Italy, Indonesia, Hawaii, Mindanao, Manila, Asian, Forbes

CNN —Nearly 2 million people have been displaced in Gaza – almost the entire population – after the Israeli military last week ordered a further 80,000 people to evacuate parts of Gaza City amid a renewed ground operation, latest UN figures show. The number of displaced people rose from 1.7 million since Israel launched its offensive on the southern city of Rafah in May. Smoke rises after Israeli bombardment of Gaza City, July 4, 2024. One man displaced in Khan Younis told CNN about the hours needed to get hold of small amounts of clean water. Dining utensils need to be cleaned,” Zakaria Bakr, from the Al-Shati camp, told CNN Saturday.

Persons: Omar Al, ”, Khan Younis, ” Zakaria Bakr Organizations: CNN, UN, Israel Defense Forces, UNRWA, Israel, Humanitarian Affairs, Getty, Hamas, Civil Defense, IDF, Al, Gaza’s, Health Locations: Gaza, Rafah, Israel, Hamas, Gaza City, AFP, Shujaya, Nuseirat, COGAT

☆ Ukrainian navy chief says sea drone strikes have rendered Russia's Black Sea Fleet HQ in occupied Crimea effectively useless
▼ + stars: | 2024-07-06 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Read previewUkraine's sea drone and missile attacks have left Russia's Black Sea Fleet headquarters at Sevastopol effectively useless and forced many of its ships to relocate to other locations, the head of the Ukrainian navy has said. The Sevastopol headquarters was the site of numerous key functions for the Black Sea Fleet, including training, repairs, and storing ammunition. Ukraine, which lost most of its traditional navy during the annexation of Crimea in 2014, has targeted Russia's Black Sea fleet with great success using sea drones , as well as hitting targets in occupied Crimea with US-made ATACMS missiles. Neizhpapa told Reuters that the expected delivery of F-16 fighter aircraft later this year would help Ukraine challenge Russia's dominance over the region. "The northwestern part of the Black Sea, particularly the corridor for civilian ships, will be almost 100% secure."

Persons: —, Oleksiy Neizhpapa, Neizhpapa, Novorossiisk, Sergei Kotov, Vladimir Putin's, Putin, Frederik Mertens Organizations: Service, Fleet, Ukrainian, Reuters, Black, Business, Ministry of Defence, Hague, Strategic Studies Locations: Sevastopol, Novorossiisk, Azov, Ukraine, Crimea, Kerch, Russian

☆ CNBC Daily Open: UK Labour landslide election victory
▼ + stars: | 2024-07-05 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. UK Labour wins landslide victoryThe center-left Labour Party has won a landslide victory, ending 14 years of Conservative rule. Samsung shares climbed 2.84%, hitting their highest level since January 2021. Here are Evercore ISI's best stock ideas for the second half.

Persons: Keir Starmer's, Tony Blair's, Rishi Sunak, Brexiteer Nigel Farage, jeopardizing, Korea's Kospi, nonfarm payrolls, Saks, Neiman Marcus, Bergdorf Goodman Organizations: New York Stock Exchange, CNBC, Labour, Labour Party, Conservative, Keir Starmer's Labour, Party, Nikkei, Samsung, Samsung Electronics, CSI, S3 Partners, Saks Fifth, HBC, Saks, ISI Locations: May's

☆ Russia has forced the West to ramp up production of older weapons — even gear it wasn't making any more
▼ + stars: | 2024-07-05 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

Read previewRussia's invasion of Ukraine has resulted in a surge in demand, orders, and manufacturing of Western weaponry, including decades-old equipment and even gear that had gone out of production. The result is more orders and manufacturing, even of Western equipment where production had stopped. Its maker, Lockheed Martin, is increasing production as well as its production of the antitank missile system. Russia has also ramped up its wartime production, which could aid it in the future and not just against Ukraine. One solution would have been countries ramping up their orders and production earlier in the war, Di Mizio said.

Persons: —, it's, Jan Kallberg, hasn't, Lockheed Martin, Diehl, Timothy Wright, Mark Cancian, Vladimir Putin, Mikhail Klimentyev, Mattias Eken, Cancian, Diego Herrera Carcedo, Giorgio Di Mizio, Kallberg, Di Mizio Organizations: Service, Business, Manufacturing, Center for, Army Cyber Institute, US Army, Air Missile System, High Mobility Artillery Rocket Systems, Getty, IRIS, Patriot, International Institute for Strategic Studies, Financial Times, Center for Strategic, International Studies, Russia Western, Military, Sputnik, REUTERS, Ukraine, Russia, RAND Corporation, Anadolu Agency Locations: Ukraine, Russia, West, Norway, Europe, Bakhmut, Donetsk Oblast, France, Kremlin, REUTERS Russia

☆ Wall Street banks name 10 UK stocks to benefit from Labour landslide win
▼ + stars: | 2024-07-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The U.K.'s center-left Labour Party has won a substantial parliamentary majority in the country's general election, unseating the incumbent Conservatives after 14 years. Manthey and her team picked the FTSE 250 index , which can be traded through exchange-traded funds such as iShares FTSE 250 UCITS ETF or Vanguard FTSE 250 UCITS , over the large-cap index FTSE 100 , as their "preferred post-election trade." The strategists, however, cautioned that historical data pointed toward lackluster returns immediately after the election results. More broadly, the investment bank's economist Anna Titareva said U.K. markets remain "heavily discounted" since after Brexit. After the election results were confirmed, they reiterated their stock preferences: Taylor Wimpey and Persimmon .

Persons: Beata Manthey, Manthey, Anna Titareva, Titareva, Anthony Codling, Taylor Wimpey, Gleeson, Bellway, Investec Organizations: Labour Party, Labour, Vanguard, UBS, Companies, FTSE, FTMC, RBC Capital Markets, Jefferies, Genuit Locations: Swiss

☆ Kamala Harris: Democrats start moving to VP as President Joe Biden digs in
▼ + stars: | 2024-07-05 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

CNN —Amid the ongoing fallout from Joe Biden’s debate performance, talk in many top Democratic circles has already moved to who Kamala Harris’ running mate would be. A more open race, these top Democrats hope, would be for Harris’ running mate, with a focus on leading Democratic governors. “President Biden is our nominee, Vice President Harris is our running mate, and we will win this November,” he said. The anti-Trump coalition cannot afford to discount the strengths of the nominated Democratic running mate and current vice president. Harris’ answer: She’d turn around and say to him, “Why are you being so weird?”As vice president, Harris has tended to be known more for her word salads than sharp elbows like that.

Persons: CNN —, Joe Biden’s, Kamala Harris ’, Biden, Harris, That’s, it’s, Donald Trump’s, Harris ’, Roy Cooper, Andy Beshear, Josh Shapiro, J.B . Pritzker, Tim Walz, “, they’ve, ’, hasn’t, We’ve, ”, Tim Ryan, he’s, ” Biden, Kevin Munoz, Harris —, I’ve, Kamala ” —, —, it’s Kamala, “ Kamala Harris, Kamala, She’s, Nanette Barragán, ” she’s, ” Barragán, Biden’s, Timmaraju, she’s, Harris Harris, Biden metastasizing, Ezra Levin, Gregory Meeks, Trump Harris, Hillary Clinton, CNN’s Anderson Cooper, Jill Biden, ” Brian Fallon, Cooper, Beshear, ” Cooper, He’s, CNN’s Jeff Zeleny Organizations: CNN, Democratic, Biden, North Carolina Gov, Kentucky Gov, Pennsylvania, J.B, Illinois, NFL, Trump, ”, California Democrat, Congressional Hispanic Caucus, Democrats ’, Democratic doubters, Congressional Black Caucus, Democratic Party, New, CBC, Republican Locations: Minnesota, Alabama, Wisconsin, Ohio, California, Milwaukee, Detroit, Philadelphia, Atlanta, New York, North Carolina, Kentucky, Virginia , Montana, Iowa

☆ Indian wedding industry: Elephants, Michelin stars and Mughal jewels make it a $130 billion business
▼ + stars: | 2024-07-05 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

Sujit Jaiswal/AFP/Getty ImagesThe Indian wedding industry has boomed since the country emerged from the pandemic. “And this is irrespective of the economic classes.”At about $15,000, the average Indian wedding costs more than three times the average annual household income. Indian weddings are often spread across several days, with an average guest list of 326, compared with 115 in the United States, according to The Knot Worldwide. Rihanna, couture and emeraldsThe average luxury Indian wedding can cost anywhere between $200,000 and $400,000, according to Jefferies. No luxury Indian wedding is complete without lavish meals, which at times involves flying in Michelin star chefs and the finest of ingredients from across the world.

Persons: Anant Ambani, Mukesh Ambani, Radhika Merchant, Mukesh Ambani’s, Tim Chi, Nita, Anant, Sujit Jaiswal, it’s, Jefferies, ” Jefferies, Nasir Kachroo, ”, Sima Taparia, Aditya Motwane, Priyanka Chopra, Nick Jonas, “, you’ve, Ambani’s, Mark Zuckerberg, Bill Gates, Rihanna, Motwane, —, Stringer, Knight Frank, Tina Tharwani, Nita Ambani, Olivier Polet, Tharwani, Virat, Vanessa Almeida, Almeida, videographers, Katy Perry, Andrea Bocelli, Rafiq Maqbool, Narendra Modi, ” Modi Organizations: New, New Delhi CNN, Silicon, CNN, Getty, Netflix, Motwane Entertainment, Shaadi, Michelin, Backstreet Boys Locations: New Delhi, Radhika Merchant . India, India, Mumbai, AFP, South Asia, Jammu, Kashmir, United States, Indian, Jamnagar, Monte Carlo, Jodhpur, Rajasthan, Florence, Indian Italian, Tuscany, Goa, Italian, Genoa

☆ Here are Evercore ISI's best stock ideas for the second half
▼ + stars: | 2024-07-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Evercore ISI is sticking by its previous roster of top stock picks heading into the second half. ADBE YTD mountain Adobe stock has slipped more than 5% in 2024. Materne maintains an outperform rating on Adobe stock with a $650 per share price target, implying roughly 17% upside ahead. CVS Health Battered pharmacy stock CVS Health has pulled back more than 27% in 2024. CVS YTD mountain CVS Health stock.

Persons: Evercore, Kirk Materne, Materne, Elizabeth Anderson, Greg Melich, Melich Organizations: ISI, Nasdaq, Dow Jones, CVS Health, Home, Adobe, CVS, Health, Anderson, Delta Airlines

☆ The five secrets to Ferrari’s success as a luxury brand
▼ + stars: | 2024-07-04 | by ( Robert Frank | ) www.cnbc.com time to read: +10 min

In this article RACE-IT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn the world of luxury, Hermès is arguably the gold standard. Analysts predict Hermès could surpass Louis Vuitton in revenue within the next three years as the world's largest luxury brand. There is one luxury company, however, that has raced past Hermès when it comes to growth and brand cache – Ferrari. To better understand what makes Ferrari a luxury brand, CNBC traveled to Ferrari headquarters in Maranello, Italy, to interview the company's CEO, Benedetto Vigna. "A luxury company is a company that is using technology, innovation, storytelling, heritage, everything, with the ultimate goal to feed that emotional side that we all have."

Persons: Birkin, Louis Vuitton, Hermès, Enzo Ferrari, Ford, Ferrari, Bernstein, Luca Solca, Benedetto Vigna, Robert Frank, Vigna, Adam Jeffery, Solca, Ferraris, Martyn Lucy, Bernard Arnault, Crystal Lau, Francesca Volpi Organizations: Ferrari, New York Stock Exchange, General Motors, CNBC, Ferraris, Goodwood Festival, Getty, Spiders, Rolex, Hermès, Bloomberg Locations: Maranello, Italy, Geneva, Chichester , England, it's, California, Roma

☆ Goldman Sachs added these global stocks to its 'conviction' lists
▼ + stars: | 2024-07-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Goldman Sachs has refreshed its lists of top global stock picks for July, adding some and removing others. The stocks are featured in the investment bank's "Conviction List - Directors' Cut" which seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. Stocks on the list are selected by a subcommittee designated by the bank's Investment Review Committee for each region. "The subcommittee will collaborate with each sector analyst to identify top ideas that offer a combination of conviction, a differentiated view and high risk-adjusted returns," Goldman Sachs said. The investment bank's analyst Ben Andrews expects the company's organic growth and margins to surpass consensus estimates.

Persons: Goldman Sachs, Ronald Keung, Keung, Goldman, Ben Andrews, — CNBC's Michael Bloom Organizations: bank's Investment, Tencent Holdings China, HK, Hong Kong Stock Exchange, U.S, ISS, Copenhagen Stock Exchange Locations: Asia, Pacific, Europe, Danish, U.S

☆ Tensions with Iran spotlight Israel's hidden nuclear arsenal
▼ + stars: | 2024-07-04 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

AdvertisementBy invoking doomsday weapons, it was clear Katz was alluding to Israel's nuclear weapons arsenal — an arsenal over which neither he nor IAI have any command-and-control. There are eight countries in the world with declared nuclear arsenals, four of which — the United States, China, India, and Russia — have a complete nuclear triad. Israel's triad has some notable distinctions and limitations compared to those of the other four. "Israel's nuclear triad bears the hallmarks of a regional nuclear triad as seen in India and Pakistan, rather than seeking globe-spanning strike capability," Sebastien Roblin, a widely published military-aviation journalist, told Business Insider. "Israel's nuclear deterrent is not designed to ward off great powers like Russia or China, but rather regional powers like Egypt and Iran," Bohl told BI.

Persons: —, Yair Katz, Israel, Katz, Russia —, Sebastien Roblin, Roblin, Ryan Bohl, RANE, Bohl, Nir Ben, Yosef Organizations: Service, Business, Israel Aerospace Industries Workers ' Council, Iran's United Nations, IAI, Jericho, Israel Aerospace Industries, Dolphin, East, Facebook, Air Force's, Israel, US Air Force, IAF, nukes Locations: Israel, Lebanon, Iran, Yemen, Syria, Iraq, United States, China, India, Russia, Pakistan, North Africa, Egypt, Jericho

☆ Biden facing intense scrutiny as campaign ramps up unscripted events
▼ + stars: | 2024-07-04 | by ( Betsy Klein | ) edition.cnn.com time to read: +5 min

In a radio interview taped Wednesday that aired Thursday, Biden made some verbal missteps. Reached for comment Thursday night, a Biden campaign spokesperson slammed the “absurdity” of criticism of the president’s missteps. “It was clear what President Biden meant when he was talking about his historic record including a record number of appointments to the federal bench. This is not news and the media has passed the point of absurdity here,” Biden campaign spokesman Ammar Moussa said. I don’t debate as well as I used to,” Biden said last Friday at a Raleigh, North Carolina, campaign rally.

Persons: Joe Biden’s, Biden, George Stephanopoulos, “, —, ”, Andrea, Sanders, ” Biden, Ammar Moussa said, bungle, Donald Trump, didn’t, you’re, CNN’s Phil Mattingly, Samantha Waldenberg, Arlette Saenz Organizations: CNN, Democratic, ABC News, NATO, Biden, Air Force Locations: Philadelphia, Wisconsin, France, United States of America, ’, Raleigh , North Carolina

☆ Tesla short sellers bleed billions as Musk threatens obliteration for those betting against the stock
▼ + stars: | 2024-07-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

Tesla short sellers lost $3.5 billion after second-quarter delivery beat. Tesla reported 443,956 deliveries, surpassing Wall Street's 439,000 expectation. Elon Musk warned short sellers and highlighted Tesla's autonomy and humanoid robot progress. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Tesla, Elon Musk, —, it's Organizations: Service, Tesla, Partners, CNBC, Traders, Business

☆ Massachusetts secured a big raise for Uber and Lyft drivers in the state, but some are worried the deal could have negative side effects
▼ + stars: | 2024-07-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

The settlement will pay $175 million to the state and drivers, many of whom claimed both companies violated Massachusetts wage and hour laws. Also, Massachusetts drivers will be considered independent contractors, meaning they will not receive all the protections of employees. Advertisement"The recent agreement reached in Massachusetts before the ballot initiatives were decided by Massachusetts voters is a favorable outcome for most Massachusetts drivers," Avedian said. What Massachusetts drivers sayAvedian said for the majority of drivers, this settlement is a big step in the right direction. In May, Uber and Lyft struck a deal to pay Minnesota drivers $1.28 per mile and $0.31 per minute minimum.

Persons: —, Uber, Lyft, Sergio Avedian, Guy, Avedian, Mark McInerney, he's, Matt R, Matt, Ronald Banks, Jen, isn't Organizations: Service, Business, Uber, Lyft, California Supreme, Research, UC Berkeley Labor Center, Center for Wage, Dynamics, Seattle metros, Drivers, New York City, Taxi, Limousine Commission, New York, Minnesota Locations: Massachusetts, New York , California, Washington, Minnesota, New York State , Minnesota, Boston, Texas and Massachusetts, Chicago , Portland, Virginia, California, Los Angeles, San Francisco, Chicago, New York, New York City, New, Minneapolis

☆ I'm an American mom living in Germany. There's less variety to choose from at the grocery store and they all close on Sunday.
▼ + stars: | 2024-07-03 | by ( Naomi Kaye Honova | ) www.businessinsider.com time to read: +5 min

Although larger grocery stores will offer a bigger variety, it generally won't be as vast as an American supermarket. For instance, urban grocery stores in Germany simply don't have the physical capacity the way many American grocery shops do, allowing American shops to stock numerous brands and types of the same product. You have to bag your own stuffAt most major American grocery stores, your groceries generally get bagged for you as you check out. Most Germans do their grocery shopping at standard and discount grocery stores. Opening times at German grocery stores may seem short in comparison to US storesMany Americans who visit Germany are surprised to find that German grocery stores have more limited opening times than they are used to.

Persons: —, you'll Organizations: Service, Business, Omega, Aldi Locations: Germany, United States, American, Bavaria, Bavarian, Frankfurt, Hamburg, Turkish, Berlin, Kafer, Munich

Learn moreThe 4th of July sales and deals are officially underway, and what could be more patriotic than stocking up on some products made in the USA? Whether you're ready to drop some major cash or you're just looking to browse some knickknacks, we've got you covered. Brands like Zippo, Igloo, and Brooklyn Bedding all carry multiple American-made products, and we've highlighted some of the best. Don't forget to check out our massive roundup of the best 4th of July sales from products made around the world, too. It's pre-seasoned for convenience, and this brand regularly features in our guide to the best cast iron skillets.

Persons: we've, Buddy Organizations: Business, Brands, Weber, Purple, Walmart Locations: USA, American, Brooklyn

☆ US announces $2.3 billion military aid package for Ukraine
▼ + stars: | 2024-07-03 | by ( Oren Liebermann | ) edition.cnn.com time to read: +2 min

CNN —The US announced a new $2.3 billion military aid package for Ukraine on Wednesday, one day after Defense Secretary Lloyd Austin said the US would soon provide Kyiv with more air defense interceptors and critical munitions. The $2.2 billion in USAI funding for Ukraine is one of the largest such packages the US has announced, though it is dwarfed by the $6 billion USAI package announced in late-April. This is also the fifth military aid package for Ukraine since the passage of a $95 billion supplemental aid package in April, which included $61 billion in aid for Ukraine. In opening statements before their meeting, Austin said the US would soon be announcing the $2.3 billion security package. The US has provided approximately $53.6 billion in security assistance to Ukraine since the beginning of the war.

Persons: Lloyd Austin, “, Biden, Austin, Rustem Umerov Organizations: CNN, US, Ukraine, Pentagon, Presidential, Ukraine Security Assistance Initiative, Kyiv, Biden Administration, Ukrainian Defense Locations: Ukraine

☆ Stocks making the biggest moves premarket: Paramount, Tesla, Constellation Brands and more
▼ + stars: | 2024-07-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla — The electric vehicle maker rose nearly 3% , a day after posting stronger-than-expected delivery numbers for the second quarter. Shares popped 10% during Tuesday's session. Constellation Brands — The beer and wine stock rose more than 2% after a better-than-expected earnings report. Southwest Airlines — Shares were fractionally lower after the airline carrier announced it had adopted a shareholder rights plan. Shares dipped about 1% during Tuesday's session.

Persons: Tesla, LSEG, Eli Lilly, — CNBC's Lisa Han, Jesse Pound, Sarah Min Organizations: Paramount, Paramount Global, Skydance Media, The New York Times, Wall Street Journal, Constellation Brands, Constellation, Southwest Airlines —, Elliott Investment Management, Food and Drug Administration, MGM Resorts, MGM Resorts International

☆ Former Boeing inspector alleges ‘scrap’ parts ended up on assembly lines
▼ + stars: | 2024-07-03 | by ( Gregory Wallace | ) edition.cnn.com time to read: +9 min

A string of whistleblowers this year has raised allegations about Boeing factory lapses, including an official federal complaint from a current employee that Boeing hid potentially defective parts from Federal Aviation Administration inspectors, and that some of those parts likely ended up in planes. Most of the parts that were meant to be scrapped were often painted red to signify they were unsuitable for assembly lines, Meyers said. In a statement to CNN, Boeing did not dispute Meyers’ allegations. Meyers describes a pressure-packed environment at the Everett factory, where assembly teams competed with each other to find the parts they needed. Workers assemble Boeing Co. 787 Dreamliner airplanes at the Boeing Everett Factory in Everett, Washington.

Persons: CNN —, Merle Meyers, Meyers ’, Meyers, “, ” Meyers, ”, Max, Dave Calhoun, Sam Mohawk, Richard Cuevas, Aerosystems, Patrick T, Pete Muntean Organizations: CNN, Boeing, Everett, Federal Aviation Administration, Company, New York Times, FAA, Justice Department, Occupational Safety, Health Administration, Engineering, Workers, Boeing Co, Boeing Everett Factory, Fallon, Bloomberg Locations: Everett , Washington, Auburn , Washington

☆ 10 things to watch in the stock market Wednesday after the S&P 500's record close
▼ + stars: | 2024-07-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Loops Capital raised its price target for off-price retailer TJX to $125 from $115. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating. Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating.

Persons: Tuesday's, depletions, Jefferies, Eli Lilly, Lululemon, Baird, BTIG, Dell, Amphenol, Jim Cramer's, Jim Cramer, Jim, John Thys Organizations: Constellation Brands, Pepsico, Cowen, Nike, MGM Resorts, Bank of America's, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: Zeebrugge, Belgium

☆ AI drive-thru ordering is on the rise — but it may take years to iron out its flaws
▼ + stars: | 2024-07-03 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

The drive-thru menu at a McDonald's restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. This year, 16% of restaurant operators plan to invest in artificial intelligence, including voice recognition, according to a survey from the National Restaurant Association. Then Covid came, which not only accelerated labor costs but also led to a shift away from dining rooms and toward drive-thru lanes. Then there's Presto Automation , the AI drive-thru technology company which disclosed last year in Securities and Exchange Commission filings that it uses "human agents" in places like the Philippines and India to complete orders. This time, McDonald's likely won't be the first mover.

Persons: Covid, McDonald's, Gee Lefevre, T.D, Cowen, Andrew Charles, That's, Uber, Charles Organizations: National Restaurant Association, IBM, Securities, Exchange Commission, Presto Locations: Buttonwillow, Kern County , California, Philippines, India

☆ Amazon really wants you to join the family this Prime Day
▼ + stars: | 2024-07-02 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Read previewAmazon Prime Day is approaching, and as usual, the online retailer is offering a slew of specials for customers during the two-day shopping extravaganza. It also wants you to sign up (and pay for) Amazon Prime at $14.99 a month — and possibly a whole host of other Amazon subscriptions. (The Amazon Fire HD 10 tablet is 46% off this Prime Day, down from $139.99 to $74.99.) "We sell a lot of devices during our Prime Day events," CFO Brian Olsavsky said on an earnings call after Prime Day 2022. AdvertisementFor those with a Prime subscription, Prime Day represents "the new Black Friday," Bartlow said.

Persons: —, gunning, Jeremy Bartlow, haven't, Bartlow, that's, Amazon's, Brian Olsavsky Organizations: Service, Amazon, Business, Consumer Intelligence Research Partners, PA Consulting, Whole Foods, Amazon Music, Kindle, Amazon's Alexa, Big Tech, Apple, US Department of Justice, Microsoft, Walmart, Target

☆ Extreme heat is affecting workers this summer. New federal rules would require bosses to provide rest, water, and shade.
▼ + stars: | 2024-07-02 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +8 min

"Notably, acclimatization is the leading killer among the different factors related to heat illness," a senior administration official said. AdvertisementA senior administration official said OSHA's proposal, if finalized, would apply to all states including Texas and Florida. AdvertisementA senior administration official said OSHA's proposal is similar to standards that have been successful in those states. A senior administration official said OSHA will review state plans to ensure they are at least as effective as the federal rules. A senior administration official said OSHA also convened a national advisory committee of construction representatives comprised of management and labor interests.

Persons: —, Biden, Donald Trump, Julie Su, it's, it's it's, acclimatization, Greg Abbott, Critics, Abbott, Su, she's, who've, She's Organizations: Service, Workers, Business, Occupational Safety, Health Administration, Republican, National Weather Service, Bureau of Labor Statistics, OSHA, Dade, Texas Gov, Houston, Guardian, American Farm Bureau Federation, Construction Industry Safety Coalition Locations: Texas, Florida, Miami, Austin, Minnesota , California, Washington , Oregon, Colorado, California, Washington and Oregon, California , Arizona

☆ Biden seizes on Trump’s Supreme Court triumph to seek redemption after debate debacle
▼ + stars: | 2024-07-02 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“Now the American people will have to do what the court should have been willing to do and would not: Americans will have to render a judgment about Donald Trump’s behavior,” Biden said. In four minutes, Biden, 81, encapsulated the two increasingly grave and urgent choices facing voters in November. “The American people must decide (whether) Trump’s embrace of violence to preserve his power is acceptable. “THE SUPREME COURT DECISION IS A MUCH MORE POWERFUL ONE THAN SOME HAD EXPECTED IT TO BE. Here’s what she said … ‘In every use of official power, the president is now a king above the law.

Persons: CNN — “, Joe Biden, Donald Trump, Biden, —, Donald Trump’s, ” Biden, time’s, Biden’s, Camp David, he’d, Trump, George Washington, “, …, … Donald Trump, he’ll, ” Trump, ’, he’s, it’s, ”, Andrew McCabe, CNN’s Kaitlan Collins, Sonia Sotomayor, Sotomayor’s, ” “ Organizations: CNN, White, Justice Department, SOME, BIDEN, FBI, Trump Locations: Camp, Atlanta, Gettysburg, United States

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