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☆ Dollar General has close to 20,000 stores across the US. Here's how it keeps prices so low.
▼ + stars: | 2023-04-02 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +6 min

Dollar General sells items at 20% to 40% less than full-price retailers, with most under $10. Dollar General, one of the best-known discount chains, is growing rapidly and now has more than 19,000 stores across the US. Justin Sullivan/Getty ImagesDollar General leases – rather than owns – most of its stores, which helps it to keep costs down. According to a 2021 survey done by the nonprofit think tank, Economic Policy Institute, 92% of Dollar General workers earn less than $15 an hour. It has a limited assortment of groceries, though this is on the riseThe fresh food section at a Dollar General store.

☆ Airfares across Asia are sky-high this year. Here’s why
▼ + stars: | 2023-03-24 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

But passengers in Asia Pacific are currently grappling with bigger price jumps than other regions, highlighting the uneven global recovery. Economy fares to Asia from North America and Europe are set to rise 9.5% and 9.8% this year from last year, respectively, Amex GBT forecasts show. “In the markets where restrictions have been the last to lift, and hence [flight] capacity last to be restarted, the difference in fares is the highest,” said Aitken. Despite China’s reopening, outbound flight capacity “is currently only at 15% to 20% of pre-Covid levels,” according to Trip.com (TCOM) CEO Jane Sun. The restrictions have remained, and those most heavily impacted are between Asia and North America or Europe.

☆ Stocks may crash 30% and the US economy could suffer a 2008-style collapse as the 'everything bubble' bursts, expert says
▼ + stars: | 2023-03-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Stephanie Pomboy expects US stocks to plunge 30% and a broad economic downturn to take hold. Consumers, businesses, and real estate developers are being hit by soaring interest rates, she said. The stock market could plunge 30%, and the current pressure on banks could spread to commercial real estate, corporate credit, municipal bonds, and other markets, Pomboy said. The upshot is that consumers are struggling to afford their car loans and credit cards, and many companies and real estate developers are feeling the squeeze, she continued. Here's what he said about the outlook for stocks and house prices, and the threat of a recession.

☆ Wall Street investment firms are thirsty for the West's vanishing water
▼ + stars: | 2023-03-22 | by ( Lucy Kafanov | ) edition.cnn.com time to read: +10 min

And it comes at a time when Arizona’s allocation of Colorado River water is being slashed amid a decadeslong megadrought. “In the face of record shortages on the Colorado River, we have voluntarily answered urgent and repeated calls to conserve water. Water Asset Management owns at least 3,000 acres in Western Colorado’s Grand Valley, where Mueller works to protect Colorado’s share of the river. “Water Asset Management has engaged in a number of different purchase methods to keep their transactions unknown to many of the local jurisdictions,” Mueller said. The Colorado River in Eagle County, Colorado.

☆ NHL roundup: Stars rally, but Flames pull out late win
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +5 min

Nazem Kadri, Jonathan Huberdeau and MacKenzie Weegar each collected two assists, and goalie Jacob Markstrom made 29 saves. Sharks 3, Jets 2 (OT)Logan Couture scored in overtime after assisting on Tomas Hertl's late game-tying goal as San Jose outlasted host Winnipeg. Senators goalie Mads Sogaard made 16 saves on 21 shots after being pressed into action when Cam Talbot was scratched due to a lower-body injury. Kings 4, Capitals 2Adrian Kempe had a goal and an assist for Los Angeles in a win against visiting Washington. Luke Evangelista scored two goals and Colton Sissons also scored for the Predators, whose two-game win streak ended.

☆ NBA roundup: 76ers snuff Bucks' 16-game winning streak
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +6 min

Giannis Antetokounmpo led the Bucks with 34 points and 13 rebounds, Brook Lopez scored 26 points and Jrue Holiday added 26 points and 13 assists. Grayson Allen made six 3-pointers and finished with 20 points, all in the third quarter. Marvin Bagley III collected 20 points and 13 rebounds and Hamidou Diallo added 14 points for the Pistons. Jimmy Butler and Caleb Martin both scored 15 points, and Butler added 11 rebounds and seven assists. Houston, which received double-doubles from starters Alperen Sengun (16 points, 10 rebounds) and Kenyon Martin Jr. (14 points, 13 rebounds), will host the Spurs on Sunday.

☆ NBA roundup: Spurs top Jazz, end 16-game skid
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +9 min

Jeremy Sochan added 13 points and Devonte' Graham had 12 for the Spurs, who got just their 15th win. Lauri Markkanen scored 28 points with 10 rebounds for Utah, Talen Horton-Tucker scored 16 points and Walker Kessler contributed 10 points and 15 boards. The Bucks are on their fifth 15-game winning streak in team history and second in four seasons after winning 18 straight Nov. 10-Dec. 14, 2019. Spencer Dinwiddie added 26 points, but Brooklyn scored only 19 points in the fourth and dropped its third straight. Zach LaVine added 17 points, DeMar DeRozan scored 13 points and Ayo Dosunmu scored 10.

☆ Florida bill would ban gender studies majors, diversity programs at universities
▼ + stars: | 2023-02-25 | by ( Sharon Bernstein | ) www.reuters.com time to read: +3 min

Feb 24 (Reuters) - Florida Governor Ron DeSantis would gain more influence in the state's public university system, and majors involving gender studies or critical race theory would be eliminated if a bill filed this week wins support from the Republican-controlled legislature. The wide-reaching legislation represents a new front in the Republican war against the "woke" agenda many conservatives believe liberals are trying to push on public education across the country. Earlier this month, Texas Republican Governor Greg Abbott told state agencies and public universities that such practices violated labor laws. The Florida bill would also prohibit spending on programs or campus activities that promote DEI and what it calls "Critical Race Theory rhetoric." Critical race theory is an academic concept that asserts that racism is woven into the U.S. legal system and ingrained in its primary institutions.

☆ NHL roundup: Bruins edge Kraken on Jake DeBrusk's late tip-in
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +7 min

Brandon Carlo scored the first of the Bruins' two third-period goals, while McAvoy and Hampus Lindholm had two assists apiece. The winning goal was DeBrusk's third goal in three games since returning from injuries. Minnesota killed off its 22nd straight penalty in the win and has not given up a power-play goal in nine straight games. Oilers 7, Penguins 2Connor McDavid had two goals and two assists as Edmonton scored seven straight goals to defeat host Pittsburgh. Vincent Trocheck scored the only goal for the Rangers, who have lost three straight following a seven-game winning streak.

☆ Stocks are getting a boost from a key indicator that's been a reliable sign of more gains to come
▼ + stars: | 2023-02-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

In case you missed it, the European Central Bank Thursday made a half-point interest rate hike, marking its fifth consecutive move as part of its inflation-fighting efforts. Speaking of rates, today we're going over a key economic indicator that suggests more upside ahead for stocks. Ever since the Fed started tightening policy last March, the stock market has been highly susceptible to interest-rate volatility. Specifically, the MOVE Index — which measures volatility of US Treasury yields — has dipped to lows that haven't been seen since the Fed's first rate hike of this cycle. This means potentially smaller swings in the stock market as highly rate-sensitive equities get some relief after big rate moves battered indexes in 2022.

☆ NBA roundup: Magic rally to end Sixers' win streak
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +5 min

James Harden amassed 17 points, eight rebounds and six assists, and Tobias Harris also had 17 points. Josh Giddey added 21 points for Oklahoma City, which has alternated wins and losses over the past six games. Patty Mills also finished with 21 points as he and Thomas combined to shoot 15 of 25 and hit eight 3-pointers. Bradley Beal added 21 points for the Wizards, with Kristaps Porzingis hitting for 17 and Kyle Kuzma scoring 16. Jeremy Sochan had 17 points, Zach Collins had 16 points and 11 rebounds and Stanley Johnson added 10 points.

☆ Jan. 6 Committee failed to hold social media companies to account for their role in the Capitol attack, staffers and witnesses say
▼ + stars: | 2023-01-26 | by ( Donie O'Sullivan Audrey Ash Zachary Cohen | Donie O'Sullivan | Audrey Ash | ) edition.cnn.com time to read: +9 min

But now these witnesses, along with some committee staff, are frustrated, saying the committee failed to adequately hold major social media companies to account for the role they played in the worst attack on the Capitol in 200 years. They also said the final report outlines structural issues across social media and society that need to be studied further. Jeremy Moorhead/CNNDisagreement about social media companies’ role in the Jan. 6 attack comes as 2023 looks to be a pivotal year for Silicon Valley firms in Washington, DC. “Indeed, the lack of an official Committee report chapter or appendix dedicated exclusively to these matters does not mean our investigation exonerated social media companies for their failure to confront violent rhetoric,” they wrote. “History has taught us what happens when political speech on social media companies is allowed to fester unchecked.”

☆ It's the perfect time to start your sneaker collection
▼ + stars: | 2023-01-24 | by ( Danni Santana | ) www.businessinsider.com time to read: +7 min

Inflation and high inventory have created the perfect environment for new sneaker collectors. Sneakers are easier to getMost shoes have become relatively easy to get, said a sneaker collector who goes by Sockjig and is the host of the "Sockjig Sneaker Podcast." Sneakerheads new to the Snkrs app might have a better chance of getting one of those "unicorn" shoes, Sockjig said. Saucony is a popular brand among sneaker collectors following casual-fashion trends. And they've placed the emphasis on the Snkrs app," Burns said.

☆ The US Air Force's newest fighter jet just showed off a new way to fire missiles
▼ + stars: | 2023-01-15 | by ( Stefano D'Urso | The Aviationist | ) www.businessinsider.com time to read: +5 min

In November, F-15EX fighter jets fired missiles from their new weapon stations for the first time. The new outer wing weapon stations increase the F-15EX's payload over that of its predecessor. This Operational Flight Program Combined Test Force mission was the first Air Force test flight to validate the weapons could be fired effectively and safely from those stations. Now, the new pylons are equipped with two LAU-128 missile rails each, adding four missile stations to the payload. An F-15EX takes flight for the first time out of Eglin Air Force Base in April 2021.

☆ NBA roundup: Bucks survive scare, finally solve Hawks
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +6 min

Jaren Jackson Jr. (21 points, 12 rebounds) and Steven Adams (11 points, 18 rebounds) recorded double-doubles. Jakob Poeltl (17 points, 12 rebounds) added his ninth double-double of the season. Bojan Bogdanovic supplied 27 points, six rebounds and four assists, while Killian Hayes had 18 points and nine assists. Jaden Ivey contributed 18 points and eight assists and Hamidou Diallo also scored 18 points. Immanuel Quickley scored 11 points off the bench for the Knicks, who have won five of their last six games overall.

☆ The new F-15EX took a 'major step' closer to carrying more air-to-air missiles than all other US Air Force fighters in testing
▼ + stars: | 2023-01-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

The newest Air Force fighter jet recently conducted a successful missile test. The test was a big step for the F-15EX Eagle II, a new aircraft slated to replace aging F-15s. As Defense News reported, the F-15EX Eagle II will also carry more missiles than the other fighter jets in the Air Force's inventory. The advanced F-15EX Eagle II is a two-seater aircraft capable of carrying up to 30,000 pounds of missiles and munitions. Following the recent test, the Air Force said that after testing wraps up, operational units will receive F-15EX fighters able to carry a full load of 12 missiles.

[1/2] A screen grab shows a selfie of actor Jeremy Renner on a hospital bed, posted on Instagram with a caption reading, "Thank you all for your kind words. Jeremy Renner via Instagram/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. The actor posted a selfie from his hospital bed in Nevada, showing him looking bruised with oxygen tubes in his nose. Renner has owned a home in Washoe County, Nevada, for several years, according to the Reno Gazette Journal. Renner used his plow, described by Balaam as a PistenBully that weighed over 14,000 pounds, to extract the car.

☆ Chip stocks did badly this year — but this fund manager is still bullish, naming 2 to buy
▼ + stars: | 2022-12-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The PHLX Semiconductor Sector Index is down nearly 37% year to date. Producing electric vehicles, for instance, involves using a lot more semiconductors, Gleeson noted. Another semiconductor firm he likes is U.S.-based Lattice Semiconductor , which is focusing more on the autos industry. Gleeson isn't the only one who's optimistic on the chip sector. Several Wall Street pros are also urging investors to take a longer-term view on the sector , given the importance of the semiconductor chip in several key secular trends.

☆ CNBC Pro Talks: Fund manager Jeremy Gleeson on how to trade tech right now
▼ + stars: | 2022-12-20 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

After a tough year for tech, the sector's stocks are "down but by no means out," according to CNBC Pro Talks ' next guest. Gleeson has more than 20 years of investing experience, with a focus on the tech sector. Watch the next Pro Talks on Wednesday, Dec. 21 at 12 p.m. GMT/ 8 p.m. Singapore Time / 7 a.m. EST. Gleeson has more than 20 years of investing experience, with a focus on the tech sector. Watch the next Pro Talks on Wednesday, Dec. 21 at 12 p.m. GMT/ 8 p.m. Singapore Time / 7 a.m. EST.

☆ Car repossessions are on the rise in warning sign for the economy
▼ + stars: | 2022-12-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +8 min

WASHINGTON — A growing number of consumers are falling behind on their car payments, a trend financial analysts fear will continue, in a sign of the strain soaring car prices and prolonged inflation are having on household budgets. The percentage of auto loans that were 30 days delinquent was at 2.2% in the third quarter compared with 2.35% delinquent over the same period in 2019, according to data from Experian. By contrast, just over 4% of auto loans went into default in 2009. Another risk to car buyers’ finances is the growing length of auto loans, many of which now exceed seven years. It can also mean higher interest costs over the life of the loan on top of already inflated vehicle prices.

☆ Cannabis giant Curaleaf cut about 220 jobs, then sent the workers it laid off a survey asking why they left
▼ + stars: | 2022-12-15 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +2 min

Curaleaf cut about 220 staff members in November. The company sent laid-off employees an exit survey asking why they left. Curaleaf's cuts come as the cannabis industry falls on hard times. Here's what the email looks like:A screenshot of Curaleaf's exit survey sent to Insider. Jeremy Berke/ ScreenshotAnd here's the question:Curaleaf exit survey.

☆ UK's new finance reforms part of a 20-year plan to be 'world's next Silicon Valley,' minister says
▼ + stars: | 2022-12-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The U.K. government has announced sweeping reforms to the regulation of its financial services industry, which it hopes will unlock future growth prospects. Mike Kemp | In Pictures | Getty ImagesLONDON — Sweeping reforms to the U.K.'s financial services sector should mark the first stage in a 20-year plan for Britain to become the next Silicon Valley, Finance Minister Jeremy Hunt said Friday. "We should have a 20-year plan to be the world's next Silicon Valley," Hunt said via video call during a conference hosted by the Financial Times. Jeremy Hunt UK finance ministerThe finance minister was speaking from Edinburgh, Scotland, where earlier Friday he unveiled an extensive overhaul of the U.K.'s financial regulation system. U.K. Finance Minister Jeremy Hunt has said Britain should have a "20-year plan" to become the world's next Silicon Valley.

☆ AWS CEO pitches cloud as a cost-saver despite rising customer concerns about runaway cloud bills
▼ + stars: | 2022-12-06 | by ( Ellen Thomas | Sage Lazzaro | ) www.businessinsider.com time to read: +5 min

AWS CEO Adam Selipsky is pitching cloud as a cost-saver, while customers increasingly feel the burden of runaway cloud costs. But for customers, cloud bills are top of mind and putting pressure on their balance sheets, especially during the economic downturn. Ternary's client base is mostly big companies that need to manage their cloud costs generally because of their size, he said. It's easy for cloud costs to get out of control for big companies that have a lot of data and workloads in the cloud. But more and more, Ternary is getting interest from smaller companies looking to lower their cloud bills, he said.

☆ Rail union bosses warn of election consequences as Senate moves closer to vote on labor deal to prevent strike
▼ + stars: | 2022-12-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

watch nowLeaders of the rail labor unions that have voted not to ratify the tentative labor deal tell CNBC that as the Senate moves closer to a vote on Thursday afternoon on legislation to prevent a rail strike, senators need to realize this is a humanitarian issue and their members will not forget who supported them. On Wednesday, the House passed the tentative rail labor agreement and additional legislation to add seven paid sick days, which has been one of the most important issues to rail workers in the breakdown of negotiations with freight rail companies. All three union presidents say they understand why President Biden had to push Congress to pass the tentative agreement. Biden's PEB deal 'missed the mark'Ferguson said the Presidential Emergency Board rail labor deal "missed a few marks and sidestepped a few, mainly our attendance policy issues." Supply chain congestion and rail embargoesThe unions argue that precision railroading and the lack of labor are the reasons behind congestion in the supply chain.

☆ Nike's ambitious environmental goals are being thwarted by sneakerheads and the Jordans, Air Force 1s, and Dunks they love
▼ + stars: | 2022-11-21 | by ( Matthew Kish | Catherine Boudreau | ) www.businessinsider.com time to read: +10 min

Nike's leather usage increased 35% last year because of the demand for iconic shoes such as Dunks. The popularity of the shoes pushed up Nike's leather use by 35% last year and put the company behind a goal to use more sustainable materials. "What's more important, financial goals or carbon footprint goals? But last year, it accounted for 0.1% of Nike's leather usage. Nike's also introducing new sustainable silhouettes, including a sneaker that can be easily taken apart for ease of recycling.

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