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☆ Here is what’s open and closed on Memorial Day 2024
▼ + stars: | 2024-05-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

CNN —Memorial Day is the unofficial start of summer, with many students out of school and office workers enjoying the day off. This year, Memorial Day is on Monday, May 27. Here’s what will be open and closed on Memorial Day 2024. Walmart and Target will be open on Memorial Day. Postal servicesThe United States Postal Service will not be delivering mail on Memorial Day.

Organizations: CNN, Retail, Walmart, Target, Kroger, Aldi, Costco, New York Stock Exchange, Nasdaq, Federal Reserve, United States Postal Service, UPS, FedEx

☆ The Push to Control Plastic Waste in New York: What to Know
▼ + stars: | 2024-05-27 | by ( Hilary Howard | ) www.nytimes.com time to read: +1 min

In 2020, the plastic supermarket bag was banned in New York. Many more single-use plastic products could go the way of the supermarket bag should state lawmakers approve the Packaging Reduction and Recycling Infrastructure Act in early June. Many single-use items — especially anything soft or bendable — are a challenge to recycle because of their chemical composition, among other reasons. Anything flimsy like a potato chip bag, a bread bag, a squeezable baby food pouch should go in the trash in New York City. And those plastic bags that some places like food delivery businesses are still allowed to use?

Persons: Read Locations: New York, New York City

☆ Street Wars: Have E-Bikes Made New York City a ‘Nightmare’?
▼ + stars: | 2024-05-27 | by ( Dodai Stewart | ) www.nytimes.com time to read: +1 min

Elijah Orlandi knows what many New Yorkers think about delivery workers on e-bikes: They ride too fast. They zigzag in and out of traffic and bike lanes — sometimes going the wrong direction altogether. He has seen e-bike riders “swerving in between cars and all that kind of stuff.”But Orlandi is also hoping for compassion. Delivery apps, he noted, keep track of how quickly workers make their drop-offs — and ding them if they take too long. “Sometimes you’ll be going somewhere and Grubhub will send you another order, and then no matter what you do, you’re going to be late,” he said.

Persons: Elijah Orlandi, ”, Orlandi, —, “ Locations: Bronx

☆ US lawmakers vow to bolster Taiwan’s defense with bipartisan visit days after China’s ‘punishment’ military drills
▼ + stars: | 2024-05-27 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

CNN —US lawmakers vowed to bolster Taiwan’s deterrence against China on Monday during a bipartisan congressional visit to the self-governing democracy just days after Beijing surrounded the island with massive military exercises. US Representative Michael McCaul, Republican-Texas, has vowed to bolster Taiwan's deterrence against China. China’s military drills, he said, were “to express their displeasure with President Lai, a president democratically elected by the people of Taiwan.”But he added they had another objective. The delegation also met with Lai, Taiwan’s new leader, on Monday morning. China responded with a show of military force and later imposed sanctions on McCaul.

Persons: Lai Ching, Michael McCaul, ”, McCaul, Lai, ” McCaul, China’s, Xi Jinping, Xi, “, Mao Ning, Michael Brochstein, Lin Chia, ” “ It’s, ” Lin, Taiwan’s, “ Taiwan’s, ” Lai, Ronald Reagan’s, Tsai Ing, Nancy Pelosi’s Organizations: CNN, China, House Foreign Affairs Committee, Taiwan, US, Party, Republican, Ministry, Taiwan’s Locations: Beijing, China, Taiwan, Taipei, Ukraine, Taiwan Strait, Texas, United States, America, People’s Republic of China

☆ Access to Aid in Gaza Was Dire. Now, It’s Worse.
▼ + stars: | 2024-05-27 | by ( Amy Schoenfeld Walker | Elena Shao | ) www.nytimes.com time to read: +9 min

Access to Aid in Gaza Was Dire. Israel closed that crossing as well as the Rafah crossing, where a majority of aid had been coming in. Nearly 300 aid trucks had crossed there in a single day just before the incursion. COGAT, the Israeli military agency coordinating aid delivery, has said that increasing the amount of aid going into Gaza remains a priority. But just a quarter of that amount arrives on average each day since the closure of Rafah crossing, according to U.N. data.

Persons: ”, Israel, Biden, Georgios Petropoulos, it's, ” Erez, Erez, Kerem Shalom, Abdel Fattah al, Ahmad Ezzat, Scott Anderson, Anderson, Petropoulos, —, Khan Younis, Mr Organizations: International Court, Justice, Central Kitchen, U.S ., United, Aid, Egyptian Red, UNRWA, Kerem, U.S, United Nations Relief, Works Agency for Palestine Refugees, Food Program Locations: Gaza, Southern, Israel, Rafah, Ashdod, Kerem Shalom, United Nations, “, Erez, Israel GAZA, EGYPT, U.S, Egypt, Kerem, Egyptian, Israeli

☆ What’s open and closed on Memorial Day 2024
▼ + stars: | 2024-05-26 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Memorial Day is the unofficial start of summer, with many students out of school and office workers enjoying the day off. This year, Memorial Day is on Monday, May 27. Here’s what will be open and closed on Memorial Day 2024. Walmart and Target will be open on Memorial Day. Postal servicesThe United States Postal Service will not be delivering mail on Memorial Day.

Organizations: New, New York CNN, Retail, Walmart, Target, Kroger, Aldi, Costco, New York Stock Exchange, Nasdaq, Federal Reserve, United States Postal Service, UPS, FedEx Locations: New York

☆ 6 in-demand freelance skills, according to Upwork—one pays up to $250 an hour
▼ + stars: | 2024-05-26 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Approximately 2 million people are expected to graduate from college in 2024, according to the National Center for Education Statistics. Data analysts on Upwork charge as much as $167 per hour. Given the constant development of technology, demand for full stack development "isn't going away," says Lilani. Like full stack development and given the prevalence of these platforms, "social media marketing is another one that's not going away," Lilani says. Accountants on Upwork charge as much as $125 per hour.

Persons: Margaret Lilani, Vicki Salemi, they're, Salemi, Lilani, That's Organizations: National Center for Education Statistics, Microsoft, Social

☆ Target is lowering prices and boosting its budget brands as it battles Walmart for shoppers on the hunt for deals
▼ + stars: | 2024-05-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Walmart has augmented its reputation for low prices with a number of Target-coded improvements such as refreshed stores, upscale product assortment, and smoother e-commerce options to see strong gains among higher-income shoppers. AdvertisementThe numbers indicate Walmart (among others) may be picking Target's pocket in terms of market share as inflation-weary consumers hunt for the best value for their dollar. Earlier this year, Target went after budget-minded buyers with a new line of essentials under the Dealworthy brand. Then late last month, Walmart took a shot at Target's Good & Gather-owned brand with an all-new upscale private label called Bettergoods.

Persons: —, Brian Cornell, Cornell, Christina Hennington, Target, Bettergoods, Hennington, We've Organizations: Service, Walmart, Business, Target Locations: Dealworthy

☆ For Millennials, Living Alone Is Status Symbol Milestone
▼ + stars: | 2024-05-25 | by ( Juliana Kaplan | Rosalie Chan | ) www.businessinsider.com time to read: +14 min

That's helping establish a new millennial milestone for some: Ditching roommates, moving out from the family home, and landing on living alone. Business Insider's analysis of American Community Survey microdata from IPUMS found that 10.5% of millennials lived alone in 2022. Per BI's analysis of American Community Survey data via IPUMS, 16% of millennials lived with at least one parent as of 2022. (The data doesn't specify if that means they're living with their parents or if their parents are living with them.) Subsidized solo livingSome lower-earning millennials are able to get assistance reaching the solo-living milestone — but it's not always easy.

Persons: Jess Munday's, Jess Munday's San Francisco, Munday, " Munday, I'm, it's, IPUMS, millennials, Bella DePaulo, they've, DePaulo, she'd, Jess Munday, Dara Feller, Aria Velasquez, they're, " Velasquez, Velasquez, Erica Charles, she's, Charles, Rick Fry, Fry, She'd, She's, Clibborn, Sydney Krantz, He's, —, homeownership Chaz Zimmer, Chaz Zimmer, Adrianna Newell, Tomasz Piskorski, Piskorski, Zimmer hasn't, Zimmer, he's, James Paniagua, Paniagua, snagging, Julia Mazur, Kathy Pierre, Pierre Organizations: Business, American, Survey, Pew, BI Garak, BI, Subaru, Columbia Business School Locations: Jess Munday's San, Francisco's, San Francisco, Chicago, Washington ,, IPUMS, Florida, California, Waverly , New York, homeownership, Oakland , California, Los Angeles, Oakland, London, Austin, Charlotte , North Carolina, Charlotte

☆ Three gig workers explain how they got deactivated on apps from Doordash to Walmart's Spark
▼ + stars: | 2024-05-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

That's because apps like DoorDash, Instacart, Uber Eats, and Walmart's Spark frequently deactivate the accounts of their drivers over minor issues — or no obvious issue at all, according to delivery workers who have spoken to Business Insider. Deactivated without doing a single orderOne Ohio delivery worker told BI she signed up for Walmart's Spark delivery service last fall. Advertisement"I was forced to rely on my DoorDash account, which only has bike mode," the second driver said. Then in January, the second driver said, his girlfriend's DoorDash account was reactivated after she tried contacting DoorDash multiple times. But that same month, DoorDash deactivated his own account, citing "suspicious activity."

Persons: —, Uber, DoorDash, hasn't, Instacart Organizations: Service, Business, Walmart Locations: Ohio, California

☆ CNBC Daily Open: Dow's worst day in 2024, Nvidia shares pop
▼ + stars: | 2024-05-24 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow sinks 600 pointsThe Dow Jones Industrial Average suffered its worst day of the year, dropping over 600 points on Thursday. Nvidia's blockbuster earnings and guidance failed to prop up markets, with more than 400 stocks on the S&P 500 trading lower. Nvidia popsShares of Nvidia soared as much as 11% after the AI chipmaker's earnings that beat Wall Street's estimates. Wall Street analysts are revising their price targets for Nvidia upwards after its blowout earnings and guidance.

Persons: Dow, Musk, Elon Musk, he's, Joe Biden, Tesla, Karen Tso, Brian West, Korea's Kospi Organizations: CNBC, Dow Jones, Boeing, Dow, Nasdaq, Treasury, Nvidia, Nikkei, Bank of Japan, Samsung Electronics, Samsung, CSI, Wall, Microsoft Locations: China, Asia, Pacific, Japan

☆ CNBC Daily Open: Dow sinks 600 points, Nvidia soars
▼ + stars: | 2024-05-24 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Persons: Jensen Huang, Dow, Musk, Elon Musk, he's, Joe Biden, Tesla, Karen Tso, Brian West, General Merrick Garland Organizations: SAP Center, CNBC, Dow Jones, Boeing, Dow, Nasdaq, Treasury, Nvidia, U.S . Department of Justice, Ticketmaster, Wall, Microsoft Locations: San Jose , California, China

☆ Opinion: The near-impossible task of providing food aid in Gaza
▼ + stars: | 2024-05-24 | by ( Opinion Kerri Kennedy | ) edition.cnn.com time to read: +8 min

Almost all humanitarian aid providers were operating out of Rafah, including my colleagues from the American Friends Service Committee (AFSC). Since October, the team in Gaza has provided lifesaving humanitarian aid to more than half a million people. In Rafah, our staff were living in a compound with dozens of other families while continuing to organize the complex logistics of providing humanitarian aid. A truck carrying humanitarian aid for the Gaza Strip passes through the Kerem Shalom Crossing in southern Israel last March. We must preserve international humanitarian law and prevent further death and starvation.

Persons: Kerri Kennedy, Fatima Shbair, Israel, Biden, Ohad, they’ve, Joe Biden, Facebook Biden, that’s, — Organizations: American Friends Service Committee, CNN, Kerri Kennedy American Friends Service, UN, United Nations, Gaza, Twitter, Facebook Locations: Gaza, Israel, Rafah, Gaza City, Fatima, Amman, Egypt, Kerem Shalom, Myanmar, Sudan, Kerem, Detroit

☆ When I got married, I didn't take my husband's last name. That all changed when we had a baby.
▼ + stars: | 2024-05-24 | by ( Maddie Cohen | ) www.businessinsider.com time to read: +4 min

Read previewWhen my husband and I eloped on a cliff overlooking the Minnesota-Ontario border, I was adamant about keeping my last name. I didn't want to go through the hassle of all that paperwork, and I didn't see the need to share a last name with my spouse. Keeping my last name made me feel more independentI'd be lying if I said I didn't enjoy how keeping my maiden name made me feel. I experienced a shift in perspective when I got pregnantI was 28 when we started trying for a baby. I felt a closeness to my husband I'd never experienced before.

Persons: —, I've, nodded, We'd, I'm, I'd, Little, we'd Organizations: Service, Minnesota -, Business, Pew Locations: Minnesota, Minnesota - Ontario

☆ Amazon is slashing prices on 4,000 grocery items, joining Target and Walmart
▼ + stars: | 2024-05-24 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Amazon Fresh has joined the growing ranks of retailers that are cutting prices. It is discounting thousands of grocery items in a bid to entice price-conscious shoppers to add a little bit more to their shopping carts. In the game of chicken between stores and shoppers, it’s the stores that finally appear to be yielding. For Prime members, Amazon Fresh is stacking more savings by offering a 10% discount on hundreds of online grocery items. Last week, Walmart (WMT) said it has rolled back prices on nearly 7,000 items in its stores, saying it was seeing deflation on some key grocery items.

Persons: Sarah Wyeth, “ There’s, ” Wyeth, ” Claire Peters Organizations: New, New York CNN, Target, Walmart, Shoppers, CNN, Savings, Amazon, Aldi Locations: New York, United States

☆ Jury in trial of tech CEO Fahim Saleh's killer hears grisly 911 call: 'His head is not there anymore!'
▼ + stars: | 2024-05-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

the operator asks, to which the woman sobs, "No! the 911 operator asks Saleh's cousin in the recording played Friday. the operator asks. Prosecutors told jurors that these bags held Saleh's head and limbs. A crime scene photo showing tech CEO Fahim Saleh under attack by his killer just inside the victim's Manhattan condominium.

Persons: —, Gokada, Fahim Saleh, Saleh, Tyrese Haspil, Linda Ford, Sam Roberts, Alan Chin, Haspil, Chavaux, Roberts, he'd, sobs, gasps, Prosecutors, he's, Gigi Jordan Organizations: Service, Business, Manhattan, Prosecutors Locations: Bangladeshi, Nigeria, Manhattan, France

The distribution comes several days after the US military’s pier operation launched and got off to a rocky start. “Such challenges with internal distribution are not new or unique to aid delivery from the sea,” Cooper said. The US military is also going to continue airdropping aid into Gaza, Cooper confirmed. Dieckhaus said Thursday that there are “thousands and thousands of tons” of aid in Cyprus awaiting processing to be brought across the pier. On Wednesday, “the UN reported 215 private sector trucks entering Gaza through Kerem Shalom and 115 humanitarian assistance trucks through Zikim/Erez West,” USAID said.

Persons: Brad Cooper, ” Cooper, Cooper, Daniel Dieckhaus, “, Dieckhaus, Erez West, Erez East, ” Organizations: CNN — Aid, US Agency for International Development, USAID, United States Central Command, Pentagon, Management, UN Locations: Gaza, Hamas, Cyprus, Kerem Shalom, Rafah, Erez, United States, Israel

☆ Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
▼ + stars: | 2024-05-23 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

AFP Contributor | AFP | Getty ImagesA perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Xeneta ocean freight rates show the rallying spot market and the widening spread between spot and long-term rates. An increase in ocean freight rejections shows the imbalance. Logistics price increases are ultimately passed onto the consumer and the dizzying freight rates during the pandemic were among factors cited by the Federal Reserve as a cause of inflation. The International Chamber of Shipping, which represents major ocean carriers, did not immediately respond to a request for comment.

Persons: Emily Stausbøll, Stausbøll, Goetz Alebrand, Alebrand, Judah Levine, Freightos, Levine, Wan Hai, HLS, Drewry, Jonathan Gold Organizations: AFP, Getty, U.S ., Xeneta, DHL, Shipping, Americas, DHL Global, CNBC, Federal Reserve, Orient Star Group, MSC, Chamber of Shipping, Honour, Carriers, Maritime Locations: Qingdao, Shandong province, AFP, Asia, U.S . West Coast, U.S, China, Malaysia, Singapore, Panama, Latin America, Europe, Chongqing, East Asia, South America, Africa, U.S . East Coast

☆ Boeing expects a 2024 cash burn, slow recovery of airplane deliveries amid crisis, CFO says
▼ + stars: | 2024-05-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

A month ago, West forecast Boeing would generate free cash flow "in the low single-digit billions." The company's aircraft deliveries in the first quarter fell to the lowest level since the pandemic. Other problems have also sprung up, including a pause on deliveries of 737 Max planes to China to review batteries for the cockpit voice recorder. Parts shortages have also slowed deliveries of 787 Dreamliners, Boeing has said. American Airlines last month said it would cut some international flights because of delays of the wide-body jets.

Persons: Brian West, West, Dave Calhoun, Max Organizations: American Airlines Boeing, Reagan National, FAA, Boeing, Wolfe Research, Federal Aviation Administration, Civil Aviation Administration, China, American Airlines, United Airlines, Southwest Airlines Locations: Los Angeles, United States, Washington , U.S, China

☆ Warner Bros. Discovery and ESPN strike 5-year deal for College Football Playoff games
▼ + stars: | 2024-05-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Discovery has signed a five-year sublicensing deal with Disney's ESPN to broadcast first-round and quarterfinal College Football Playoff games. Warner Bros. Disney is paying about $1.3 billion per year for rights to the entire College Football Playoff. The new 12-team College Football Playoff slate debuts in December, replacing a four-team tournament that began in 2014. "It is exciting to add TNT Sports, another highly respected broadcaster, to the College Football Playoff family," Bill Hancock, executive director of the College Football Playoff, said in a statement.

Persons: Bill Hancock Organizations: ESPN, State Sugar, Texas Longhorns, Washington Huskies, Caesars, Warner Bros, Discovery, College Football, TNT, Disney, Football, TNT Sports Locations: New Orleans, LA

☆ The L.A. Roller Rink Where the Years Glide By
▼ + stars: | 2024-05-22 | by ( Liz Brown | ) www.nytimes.com time to read: 1 min

A companion to T’s 212 series about New York institutions, the 213 column highlights beloved landmarks in and around Los Angeles. On a dark night in February, east of the 5 Freeway, south of the 134, down the street from the so-called Gentlemen’s Club, glows the blue neon sign: Moonlight Rollerway. These are the industrial hinterlands of Glendale, a tidy enclave in the rambling city-state that is Los Angeles, and here, among plumbing supply warehouses and an Amazon delivery van lot, sits a squat cinder-block building, an unexpected portal. Under the white overhang, signage abounds: “No In & Out Privileges,” “No Fast Wild or Reckless Skating,” “Be Neat & Clean.” A lengthy passage politely, firmly reminds visitors that risk of accident is inherent in the sport. “If you are not willing to assume that risk,” it reads, “please do not roller-skate here.”

Persons: ” Locations: New York, Los Angeles, Glendale

☆ South Africa elections: A guide and everything you need to know
▼ + stars: | 2024-05-22 | by ( Sarah Dean | David Mckenzie | ) edition.cnn.com time to read: +6 min

Johannesburg, South Africa CNN —South Africans go to the polls on May 29 for what will likely be the most pivotal general election since the end of apartheid. This is the seventh general election South Africa has held since the end of white minority rule 30 years ago. South Africa general election 101 • South Africa uses a “proportional representation” system. This year South Africa received its lowest score on Transparency International’s Corruption Perception Index. Democratic Alliance (DA) party leader Johan Steenhuisen speaks to supporters during a party event on May 9, 2024, in Soweto, South Africa.

Persons: Nelson Mandela, Cyril Ramaphosa, Jacob Zuma, What’s, Ramaphosa –, –, “, Ramaphosa, ”, John Steenhuisen, Johan Steenhuisen, Anders Pettersson, Zuma, Julius Malema, Malema, Floyd Shivambu, Steenhuisen Organizations: South Africa CNN, National Congress, ANC, Independent Electoral, •, “, Democratic Alliance, White South, Party Charter, uMkhonto weSizwe Party, Economic, Fighters, EFF, MK, Finance, Constitutional, Social Research Foundation Locations: Johannesburg, South Africa, Africa, China, Cuba, Soweto

☆ Autos giant Peugeot is trialing driverless tech — with a twist — for Amazon-style deliveries
▼ + stars: | 2024-05-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France. PARIS, France — French car giant Peugeot told CNBC this week that it's partnering with Vay, a German mobility startup, to integrate so-called "teledriving" tech — an alternative to autonomous cars — into its vehicles. The deal will see the two companies assess the use of Vay's teledriving tech on "last-mile delivery" vans and smaller logistics vehicles, with a focus on business-to-business (B2B) customers. The first pilot test drives of Vay's technology with Peugeot vehicles are expected to take place this year. Peugeot is looking to include the tech in its E-3008 electric SUVs and some electric vans.

Persons: Vay, Justin Spratt, Spratt Organizations: Peugeot, CNBC, Amazon Locations: Sochaux, France, PARIS

☆ Jim Cramer says soft Target quarter makes Walmart earnings look even better
▼ + stars: | 2024-05-22 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Target : Shares were dropping 7% after the retailer on Wednesday reported a soft quarter and missed on earnings for the first time since November 2022. "It just wasn't as strong as the other guys," Jim Cramer said Wednesday. " Williams-Sonoma : The company behind Williams Sonoma, Pottery Barn, and West Elm delivered a huge quarter earnings beat on inline revenue. It's really a terrific situation," Cramer said.

Persons: Jim Cramer's, Jim Cramer, Sun Choe, Cramer, Anthro, Williams, Elm Organizations: CNBC, Club, Target, Walmart, Wall Street Journal, Toll, Urban, Urban Outfitters Locations: Sonoma, Williams Sonoma

☆ Target comparable sales have dropped for 4 straight quarters, and it's scrambling to avoid a 5th
▼ + stars: | 2024-05-22 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTarget reported $24.5 billion in revenue last quarter, with comparable sales down 3.7%, marking the fourth consecutive quarter of decline. Unlike total sales, comparable sales exclude new and closed stores, and analysts commonly use the measure to assess a business' underlying health. AdvertisementThe company also revamped and expanded its membership program, Target Circle, adding over a million new shoppers last quarter. "We're encouraged by the meaningful progress we've seen in recent quarters," Cornell said.

Persons: —, Brian Cornell, Cornell, Jack children's, We're Organizations: Service, Business, Walmart, Amazon Prime, Target

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