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☆ 5 Costco items that are always worth buying—one $10 deal can 'easily feed a family of 4'
▼ + stars: | 2024-02-04 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Note that prices can vary between Costco stores, and that in-store prices tend to be cheaper than what's found online. You also need an annual membership to shop at Costco stores, which can factor into how much you save. Ramhold recommends the four-pound package of Kirkland Signature Premium Sliced Bacon, which can be found for $15.29, she says. Costco's gas prices tend to be cheaper than what you'll find at nearby gas stations. Just be aware that Costco gas stations are popular, so long lines are common, especially on weekends or just before and after work hours on weekdays.

Persons: Julie Ramhold, Bacon Costco, Ramhold, there's, Costco's Kirkland, That's, Bell Organizations: Costco, Signature, CNBC, Kirkland, Walmart, New York Costco Locations: New York

☆ Here's why Apple stock is still worth holding despite Wall Street's shortsightedness
▼ + stars: | 2024-02-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Asked a double-edged question: "What can you do to make my Apple stock go up." On Friday, we had so many storylines going it is hard to get your head around Apple's Vision Pro launch and its import. Most of all, however, the customer satisfaction level allows him to experiment with something really radical: the Vision Pro. No one is buzzing about how Apple can't meet demand for the Vision Pro. People walk in an Apple store on the day the Vision Pro headset goes on sale in Los Angeles, Feb. 2, 2024.

Persons: Apple's, Mark Zuckerberg, Zuckerberg, Matt Horween, Tim Cook, Cook, AirPods, Goldman Sachs, Apple, Ray, that's, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Costco, Apple, Meta, Apple's Vision, Web Services, Reality Labs, Dow Jones Transportation, Federal Reserve, Huawei, Vision, Major League Soccer, CNBC Locations: China, Republic of China, Los Angeles

☆ New Macy's CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
▼ + stars: | 2024-02-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right. Spring will step onto a bigger stage and inherit the iconic department store's issues when he takes over the role of Macy's CEO on Sunday. He said after leading "the better-run part of the business" in Bloomingdale's, Spring needs to bring those "softer skills" to Macy's. Wooing investors and brandsIn his new role, Spring will have to charm investors, shoppers and hot brands. Macy's struggles have turned the retailer into a target for the activist investors Spring will face down as he becomes CEO.

Persons: Spring, Jeff Gennette, Melissa Repko, Macy's, Tony Spring, Bloomingdale's, Neil Saunders, Gennette, Tony, I'm, Sandro, Alice, Olivia, GlobalData's Saunders, Saunders, Jan, Arkhouse, Gavriel Kahane Organizations: CNBC, Herald, Investors, Maxx, Walmart, Cornell University, Arkhouse Management, Brigade Capital Management Locations: New York, Macy's, White Plains , New York, Bloomingdale's

☆ I'm a gig worker who argued for Seattle's new minimum pay laws. Now, I'm fighting for my Instacart job.
▼ + stars: | 2024-02-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Michelle Balzer, an Instacart driver in Seattle. Balzer was among those who advocated for PayUp, a series of bills meant to protect gig workers passed by Seattle's city council. One of the laws, which requires companies like Instacart to pay contractors the equivalent of the city's $19.97-an-hour minimum wage, took effect on January 13. An Instacart spokesperson told BI: "Due to new regulations imposed by the Seattle City Council, we're making several changes to how Instacart operates in Seattle. AdvertisementDo you work for Instacart, DoorDash, Walmart Spark, or another gig work app and have a story idea to share?

Persons: Michelle Balzer, Balzer, I've, Instacart, PayUp, It's Organizations: Service, PayUp, Business, Shoppers, Seattle, Seattle City Council, Safety, Walmart Locations: Seattle, Seattle's, Pacific Northwest, PayUp, Instacart, Washington, DoorDash

☆ What Walmart’s new focus on employee stock could mean for the wealth of the average American household
▼ + stars: | 2024-02-03 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. It's not only managers that Walmart wants to encourage to buy into stock ownership. 1 employer, Walmart's decisions are likely to have significant ripple effects and could even lead to broader equity ownership among rank-and-file employees. Already companies such as Ingersoll Rand and Harley-Davidson have taken steps to broaden stock ownership to employees. "Stock ownership is a pillar of worker financial wellness."

Persons: John David Rainey, Chris Taylor, It's, John Furner, Doug McMillon, Biden, Marc Roloson, Aalap Shah, Pearl Meyer, Shah, Brian J, Albert H, Gordon, Stacey Kole, Ed Rataj, Michael Kestenbaum, Gallagher, Peter Follows, Kole, Ingersoll Rand, Davidson, Martin Whitman, Whitman, Pete Stavros's, Walmart's, Harvard's, WTW's Roloson Organizations: New York Stock Exchange, Walmart, International, NYSE, LinkedIn, Companies, Business Administration, Harvard Business School, The University of Chicago Booth School of Business, CBIZ, Carpedia, Harley, Just Locations: U.S

☆ Walmart's facial ID tool to combat fraudulent Spark delivery drivers is kicking legitimate workers off the app
▼ + stars: | 2024-02-02 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

BI spoke with another Walmart Spark worker who said they were deactivated immediately after trying to complete the identity verification late last year. AdvertisementGig workers for apps like Spark, Instacart, DoorDash, and Grubhub often have their accounts suspended with little notice or explanation. The rollout comes after some Walmart Spark drivers were found using multiple accounts under false identities to claim more orders and make more money. "The third-party identity verification tool is working as intended. "My account was deactivated after the identity verification," one post from November on r/Sparkdriver reads.

Persons: Chastity Lopez, Lopez, she's Organizations: Walmart, Drivers Locations: New York, Alabama

☆ Target pulls Black history item that misidentified Civil Rights leaders
▼ + stars: | 2024-02-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —As with many Target trips, Nevada US history teacher Tierra Espy left the store with more items than she intended to buy on Sunday. She added a magnetic activity book about iconic Civil Rights leaders to her cart, in time for Black History Month, she told CNN in a phone interview. But now, Target is pulling the item off shelves after a viral TikTok in which Espy pointed out inaccuracies such as misidentifying names and pictures of iconic Civil Rights leaders. The magnetic book was displayed next to other educational items for Black History month. “They’re expecting us not to notice the mistakes, and it’s heartbreaking as somebody who knows the mistakes and has seen it,” the history teacher said.

Persons: Tierra, Carter G, Woodson, Du Bois, Booker T, Target, We’ve, Simone Biles, ’ ”, “ They’re, Espy’s, hasn’t, “, ”, Parija Kavilanz Organizations: New, New York CNN, Civil Rights, CNN, The Minneapolis Star, Tribune, Tuskegee University, Wall, Dollar, Walmart, Target Locations: New York, Nevada, Washington, Minneapolis

☆ Tim Cook was asked about Vision Pro's sky-high price tag. He pointed to the 5,000 patents inside.
▼ + stars: | 2024-02-02 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +2 min

Apple's new Vision Pro hits stores Friday amid a wave of optimism from the company. When asked about the price tag, Apple CEO said the device includes 5,000 patents. The Apple Vision Pro hits stores Friday, marking the company's first major product launch in years. The Vision Pro has two Apple Silicon chips and 600 new apps and games available. AdvertisementAlready, companies such as Walmart and Nike are looking into uses for the Vision Pro for their customers or employees, Apple's CFO Luca Maestri said Thursday.

Persons: —, Tim Cook, preorders, Cook, Luca Maestri Organizations: Apple, Service, Walmart, Nike, Vision Pro

☆ Opinion: Nikki Haley is right about the Trump tariffs
▼ + stars: | 2024-02-02 | by ( Opinion Edward J. Mccaffery | ) edition.cnn.com time to read: +5 min

Think about that for a second.”Second, Haley is almost certainly right: tariffs can be a regressive tax, borne largely, if not exclusively, by ordinary American workers. The moderate, non-partisan Tax Foundation found that the existing Trump tariffs will bring in a mere $74 billion in revenues over ten years, while costing jobs, lowering growth and depressing American wages. Haley is right. Who is likely to benefit most from any future Trump tax cuts? Haley is right; Trump wins.

Persons: Edward J, McCaffery, Robert C, Donald Trump’s, Nikki Haley, Haley, Trump, Adam Smith, Harris, Smoot, Hawley, Hood, Herbert Hoover, Ronald Reagan Organizations: CNN, Packard, University of Southern, McCaffery, Jobs, South Carolina Republican, Foundation, Tax Foundation, Biden, Trump, Tax, Walmart, Republican, Trump University Locations: University of Southern California, Washington, China

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. One year ago, we moved from a tiny, rural town in Texas to a suburb of Salt Lake City. We made the move to be closer to extended family, but a major sticking point was the increased cost of living. The complexity of the so-called simple lifeMany of the costs of living in rural Texas were unseen. So while certain budgeting items were cheaper in rural Texas, life is simpler now — even if it costs a little more.

Persons: —, Uber haven't Organizations: Service, Business, Housing, Walmart, Texas Panhandle Locations: Texas, Salt Lake City, Utah, Salt

☆ The ‘mainstreaming’ of ‘hateful and dehumanizing rhetoric’ in right-wing media is leading to violence, experts say
▼ + stars: | 2024-02-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

These are the toxic themes espoused in right-wing media, delivered each day through a mix of internet pipelines and broadcasts to millions of homes across the country. It’s part of a larger trend of right-wing violence afflicting the country. And it proliferates on social media platforms, where right-wing extremists maintain a loud presence and boast millions of followers. Rarely will you see a segment about the information crisis on the evening news or delivered prominently via other vessels of mainstream media. The language they use, she said, “winks at,” “nurtures,” and “flirts with violence,” but also offers them just enough “plausible deniability” when things go south.

Persons: Sinister globalists, “, ”, Donald Trump’s, Alex Jones ranted, ” Andrew McCabe, ” McCabe, you’re, ” Luke Baumgartner, ” Baumgartner, ” Juliette Kayyem, Kayyem, ” Kayyem Organizations: New, New York CNN, YouTube, Buffalo, El, El Paso Walmart, U.S . Capitol, Defamation League, ADL, Fox News, Klan, Extremism, George Washington University, Media, Republican Party, Homeland Security, Security, Global Health, Harvard’s Kennedy School of Government Locations: New York, America, Charlottesville, Charleston, El Paso, today’s America, U.S

☆ Kroger brings back humans at Texas store after getting 'customer feedback' on self-checkout
▼ + stars: | 2024-02-01 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Kroger is scrapping self-checkout-only at a Texas store and bringing back human cashiers. The supermarket chain cited "customer feedback" as a reason for the decision, the Dallas Morning News reported. AdvertisementKroger is bringing back human cashiers at a Texas store that has only offered self-checkout for the last three years. The store, located in Dallas's Oak Lawn neighborhood, started adding traditional checkout lanes this week, the Dallas Morning News reported. "We listened closely to customer feedback and made the decision to convert back to hosting staffed checkout lanes at this store," Kroger spokesman John Votava told the Morning News.

Persons: —, Kroger, John Votava Organizations: Kroger, Dallas Morning News, Retailers, Walmart, Costco, Service, Morning News Locations: Texas, Oak

☆ DoorDash raises fees for NYC deliveries after warning that a new minimum wage law would hit customers
▼ + stars: | 2024-02-01 | by ( Jordan Hart | Alex Bitter | ) www.businessinsider.com time to read: +2 min

DoorDash followed through with its claim that delivery orders in New York City would be hit with increased fees. All customers placing orders in New York City will start seeing that fee on Friday in response to new minimum wage rules in the city, a DoorDash spokesperson confirmed to Business Insider. DoorDash warned customers that fees would increase due to these rules. Referring to the Regulatory Response Fee in Seattle, DoorDash said in a statement on January 13 that it helped "cover the costs of these new regulations. AdvertisementUber Eats has added similar fees to orders in New York and Seattle with the advent of those cities' laws.

Persons: DoorDash, Uber, we're, abitter@businessinsider.com Organizations: Business, Seattle, Target, Workers, Walmart Locations: New York, New York City, Seattle, Instacart

☆ A grocery store chain is limiting how many items you can buy at its self-checkouts as concerns over theft mount
▼ + stars: | 2024-01-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Read previewMidwest grocery store chain Schnucks is putting a cap on how many items customers can buy at its self-checkout. From Thursday, self-checkout lanes in all Schnucks stores will be limited to customers buying 10 items or fewer, the retailer confirmed to Business Insider. This story is available exclusively to Business Insider subscribers. "While the primary intention is to improve customer service and checkout efficiency, we do expect there to be some benefits to stopping theft," Schnucks said in a statement. "Because self-checkouts are more susceptible to theft, this item limit will help us maintain our costs while keeping the prices lower for our customers."

Persons: —, Schnucks, it's, Todd Vasos Organizations: Service, Business, Retailers, Walmart Locations: Missouri , Illinois , Indiana, Wisconsin

Walmart to Build or Convert 150-Plus Stores in Next 5 Years. It Hasn't Opened New Stores in 3 YearsWalmart plans to build or convert more than 150 U.S. stores in the next five years, while continuing to remodel existing stores

Organizations: Walmart Locations: U.S

☆ Walmart just split its stock. History shows what will happen next with the megacap
▼ + stars: | 2024-01-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Walmart 's plan to split its stock into three pieces should do nothing for the underlying strength of the retail giant's business, but history suggests the move might make shareholders richer anyway. "Stocks have historically outperformed the market immediately following the split announcement, as well as 6-months following the split effective date. In the six months after the effective date, the newly split shares outperformed the index by 4.7%. Walmart stock closed at $165.59 per share on Tuesday, less than $5 from its all-time high. For Walmart specifically, Oppenheimer analyst Rupesh Parikh said in a note to clients on Wednesday that the stock split is just a reassurance that the company is on the right track.

Persons: Outperformance, Morgan Stanley, Boris Lerner, Lerner, Oppenheimer, Rupesh Parikh, Parikh, — CNBC's Michael Bloom Organizations: Walmart

☆ Cramer's rapid-fire look at six stocks in the news Wednesday
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's rapid-fire look at six stocks in the news WednesdayJim Cramer looks at what's going on a UPS, Walmart, GM, Boeing, Novo Nordisk and Tesla.

Persons: Jim Cramer Organizations: UPS, Walmart, GM, Boeing, Novo Nordisk, Tesla

☆ Here are Jim Cramer's rapid-fire takeaways on 6 stocks in the news Wednesday
▼ + stars: | 2024-01-31 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Jim said, "I don't know if [CEO] Carol Tome can keep the job." The fact is, he added, e-commerce is very strong and "she's not participating in it." Walmart — Founder Sam Walton liked the idea that people shouldn't have to own fractional shares, Jim said, praising the retailer's 3-for-1 stock split . "Very smart move by Walmart" to entice the individual investor with a smaller share price, Jim added. General Motors — Shares on Wednesday added to their 7.8% gain in the prior session on a strong quarter and 2024 guidance.

Persons: Jim, Carol Tome, Sam Walton, Mary Barra, Dave Calhoun didn't, Calhoun, Ozempic, Eli Lilly, Lilly, Tesla, Elon Organizations: Parcel Service, Walmart, General Motors, GM, CNBC, Club, Ford Motor, Boeing, Novo Nordisk — Locations: Delaware

☆ Get ready for a lot more Walmarts
▼ + stars: | 2024-01-31 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Walmart, the largest retailer in the world, is about to get even bigger in the US. It will also upgrade 650 locations this year to its "store of the future" concept. AdvertisementThe world's largest retailer is growing again in the US. In addition, the company will upgrade 650 locations this year to its "store of the future" concept revealed last fall. Walmart's first two new locations will be Neighborhood Markets in Santa Rosa Beach, Florida, and Atlanta, Georgia, opening this Spring.

Persons: —, Walmart's Organizations: Walmart, Service, US, Business Locations: Santa Rosa Beach , Florida, Atlanta , Georgia

☆ Exclusive: Organic baby food startup Yumi has slashed its valuation after running low on cash
▼ + stars: | 2024-01-31 | by ( Ben Bergman | ) www.businessinsider.com time to read: +3 min

Yumi, a startup backed by a long list of prominent Silicon Valley investors that makes high-end organic baby food, is raising a down round that values the company at around $40 million, Business Insider has learned. The funding represents a substantial discount from Yumi's Series B round in 2021, which valued the company at more than $300 million, according to Pitchbook data. It also means Yumi has burned through more than twice as much cash, nearly $90 million dollars, as it is currently worth. Startup fundraising tumbled to a five-year low in 2023 with funding for e-commerce and shopping startups down 60%, according to Crunchbase data. Convoy, the freight startup that was once called the "Uber for trucking" and raised more than $1 billion, shut down in November.

Persons: Yumi, Evelyn Rusli, Angela Sutherland, Gerber, Sutherland, Rusli, Anne Wojcicki, Gabrielle Union, Warby Parker, Goldman Sachs, Christina Minnis, Kelly Coffey, Masha Drokova, Lauren Dillard Organizations: Business, BI, Walmart, New York Times, Wall Street Journal, New Enterprise Associates, Uber, City National Bank, One Ventures, Nasdaq, Startup, Convoy, Olive Locations: millennials

☆ Walmart plans to add more than 150 large-format stores across the U.S.
▼ + stars: | 2024-01-31 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

An exterior view of a closing Walmart store in Everett. A Walmart store in Everett, Washington, announced its closure and is currently in a liquidation sale. The company plans to build or convert more than 150 large-format stores over the next five years, it said Wednesday. About 90% of the U.S. population already lives with 10 miles of a Walmart store. Walmart's store expansion was first reported by the Wall Street Journal.

Persons: Josh Havens, John Furner Organizations: Walmart, Sam's, U.S, Walmart U.S, Wall Street Locations: Everett, Everett , Washington, U.S

☆ Walmart to Add 150 Stores in Five Years in Big Expansion Drive
▼ + stars: | 2024-01-31 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: 1 min

Walmart will add 150 stores in the United States over the next five years, a major expansion drive for the retail giant. Walmart employs roughly 1.6 million people in the United States, and said it hires hundreds of people each time it opens a new store. Walmart had just over 4,600 stores at the end of October 2023. Most of the stores Walmart plans to open in the coming years will be newly built, while others will be conversions of existing locations to new formats. The first two new stores will open in the spring, in Florida and Georgia, and the company is finalizing construction plans for 12 other stores this year.

Organizations: Walmart Locations: United States, U.S, Florida, Georgia

Watching her work teaches her kids curiosity, work ethic, and working toward long-term goals. Here are three important lessons that Adams says her children learned simply by watching her work. Her kids feel safe asking about money and businessAdams plays an NPR podcast called Marketplace Money in front of her kids. Her kids understand the importance of a strong work ethic"My kids understand that if I don't kill it, I don't eat," Adams says. Her kids understand that the hours their mom puts into her work directly translates into food on the table and a roof over their heads.

Persons: Ja'Net Adams, —, Adams, Jocelyn, Chick, I'm Organizations: Service, Business, Walmart, Self Locations: Kernersville , North Carolina, California, Hawaii

Part motel, part new-age clinic, the facility offers nightly rentals in rooms that come equipped with “BioHealers” –- canisters that the company claims exude “life force energy,” or biophotons. “There are some forces driving that: obviously the internet and social media, and distrust of traditional medicine, traditional science. Given the primary importance of health, it’s hardly surprising that unproven medical claims and products that seem too-good-to-be-true have a long history in America. “ Distrust of government and distrust of major institutions makes people vulnerable,” said Stephen Barrett, a psychiatrist and expert in unproven medical claims who launched the organization Quackwatch in the 1970s to highlight medical scams. As a result, low-level hucksters or those peddling unproven treatments often don’t get as much attention.

Persons: BUTLER, exude, Tesla, Dr, James Liu, ”, Liu, Timothy Caulfield, Medbeds, Donald Trump, “ I’m, medbeds, ” Liu, it’s, John Brinkley, they’ve, Alex Jones, Trump, Stephen Barrett, Elon Musk, Nikola Tesla, Seth Robinson, Robinson doesn’t, We’re, Tesla’s, I’ve, Caulfield, ” Caulfield, “ It’s, ” Tesla’s, Bahman Anvari, It’s Organizations: Tesla, MedBed, Penn State University, “, University of Alberta, Walmart, Associated Press, Drug Administration, Elon, FDA, AP, University of California Locations: Pa, Pittsburgh, China, New Jersey, Butler, Tennessee, America, Florida, Delaware, Riverside

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday — tech earnings edition
▼ + stars: | 2024-01-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

We raised our Club price target on Microsoft to $450 per share from $400 following Tuesday's after-the-bell earnings. We increased our Club price target on Alphabet to $160 per share from $140. However, we lowered our Club price target to $115 per share from $125 to reflect the challenges ahead. The slide in Alphabet increased our Club price target on Alphabet to $160 per share from $140. Dow stock Walmart 3-for-1 stock split as shares stand a couple of dollars below all-time high of nearly $170 each.

Persons: what's, Jerome Powell, I've, Max, Tesla, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, Federal Reserve, ADP, Microsoft, Google, Starbucks, Devices, Club, Nvidia, AMD, Boeing, Walmart, Elon Musk's, Twitter, Jim Cramer's Charitable, CNBC, Micro, Tesla

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