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☆ 10 ways a travel management program can benefit your small business
▼ + stars: | 2024-09-04 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Business travel management programs, like IHG's Business Edge, make booking travel easier and more efficient. According to the US Travel Association, total business travel spending is expected to reach $280.8 billion by 2026. Projected US business travel spending by yearYear Projected US Business Travel Spending 2023 $247.8 2024 $265.5 2025 $276.3 2026 $280.8 2027 $282.7Below are a few ways a travel management program like IHG Business Edge can help small- and medium-sized businesses manage employee travel more effectively — no matter where they're going. Small business travelers front and centerIHG Business Edge has worked hard to understand the needs of small businesses. Travel for work — and funIn addition to business travel, employees can use their IHG Business Edge membership for personal vacation.

Persons: they're, that's Organizations: Business, US Travel Association, Resorts, Travelers, IHG, Dell Technologies, Getty Images, Edge, Best, Insider Studios Locations: —, IHG.com

☆ Ukraine's surprise invasion of Russia hasn't taken the pressure off the most dire front-line battles
▼ + stars: | 2024-09-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Ukraine's Commander-in-Chief Oleksandr Syrskyi stated last week that an objective of the Kursk invasion was to redirect Russian forces away from the Pokrovsk direction. But the Kursk invasion has limited the number of troops available for reinforcement. KIRILL CHUBOTIN/Ukrinform/Future Publishing via Getty ImagesGeorge Barros, the geospatial-intelligence team lead and a Russia analyst at ISW, said that the Kursk invasion underscores how Moscow left a major portion of its international border undefended. Even though the Kursk invasion may not be forcing Russia to redirect front-line forces from Pokrovsk, that campaign will eventually culminate. These efforts have intensified since the start of the Kursk invasion.

Persons: —, Ukraine's, Oleksandr Syrskyi, Tatarigami, Diego Herrera Carcedo, Putin, Volodymyr Zelenskyy, KIRILL CHUBOTIN, George Barros, Vladimir Putin, Barros, REUTERS Barros Organizations: Service, Kyiv, Business, AP, Institute for, Getty, Ukraine, Publishing, REUTERS Locations: Russia, Moscow, Kursk, Ukraine, Kyiv, Russia's, Ukrainian, Sudzha, Russia's Kursk, Pokrovsk, Anadolu, Russian, Korenevo

☆ What is ‘soiling the nest’? A tactic teens use when leaving home
▼ + stars: | 2024-08-29 | by ( Terry Ward | ) edition.cnn.com time to read: +7 min

Buckley, 49, learned the social media slang for this sudden defiance, which is called “soiling the nest,” and said she felt that was happening with him. “It may look like picking fights with parents, talking back, leaving messes, and generally putting stress on their interpersonal relationships with their parents,” Galanti said. For teens graduating high school, the main psychological goal is to “develop and consolidate their own identities,” Galanti said. Creating this space between themselves and their parents makes the transition to this new independence phase easier for some teens, Galanti said. Florida-based writer Terry Ward lives in Tampa with her two young children, who are still squarely ensconced in the nest.

Persons: Roseanne Buckley’s, ”, Buckley, ’ ”, “, Regine Galanti, ” Galanti, Galanti, Gabriella Neske, Neske, ” Neske, Lisa Damour, ” Damour, it’s, they’ll, Damour, that’s, “ They’re, Terry Ward Organizations: CNN, Teens Locations: Medford , New Jersey, Long, , New York, Tampa , Florida, Florida, Tampa

Others say they’ve also stepped in as translators for their parents during their childhood — and that these duties continue into adulthood. Monica Mikael is glad her parents are using ChatGPT, but she does have some concerns. When ChatGPT was released in November 2022, Mikael jumped at the opportunity to teach her parents how to use it. “After a month or so, they were using it entirely on their own.”Now, Mikael’s parents barely ask her for help. “And then I realized she and all my Indian aunties are using ChatGPT,” Verma said.

Persons: Michelle Fang, “, ”, Fang, he’s, they’ve, Monica Mikael, Monica Mikael ., Monica Mikael Mikael, Mikael’s, ChatGPT, Mikael, it’s, ” Sheeta Verma, Sheeta Verma, aren’t, ” Verma, there’s, It’s, ” Fang, Verma Organizations: Pew Research Center, NBC Asian Locations: New Jersey, San Francisco, Los Angeles, East, Southeast, NBC Asian America

☆ Wildfires keep hitting the iconic Pacific Crest Trail, forcing closures and evacuations
▼ + stars: | 2024-08-24 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

Wildfires and their burn scars have made portions of the trail more hazardous and forced hikers to contend with closures on quick notice. Meanwhile, when fast-moving wildfires strike, many rural communities along the trail are finding themselves responsible for helping vulnerable hikers. “Wildfire season is lasting longer, becoming less predictable, affecting more trail, more trail users and more trail communities,” Rylee said. The signals of climate change now stick out on the PCT, said John O’Brien, a California climate scientist who grew up near the trail and hikes on it frequently. Karen Altergott passed through this burn zone in Lassen Volcanic National Park while hiking the Pacific Crest Trail in 2022.

Persons: ” Rylee, John O’Brien, ” O’Brien, Jamie Hale, Teesseling, “ We’ve, ” Thijs Koekkoek, Taime Teesseling, ” Teesseling, ” —, Karen Altergott, Altergott, Karen Altergott “, ” Altergott, “, —, They’re, ”, Becky Wade, Jeff McCabe, Becky Wade McCabe, Wade, McCabe, Shelly, Jeff McCabe's, Becky Wade “, Will Georis, Georis, ” Georis Organizations: “, PCT, Crest Trail, Klamath National Forest, University of California Locations: Sierra Nevada, California, Columbia, Portland ,, Julian, Burney , California, Stehekin , Washington, Hamburg , California, Klamath, ”, Berkeley, Mexico, Canada

☆ Living with my parents in Hawaii helped me afford the most expensive state. It was the best option for me after graduating.
▼ + stars: | 2024-08-24 | by ( ) www.businessinsider.com time to read: +4 min

As a native Hawaiian, the Texas life proved to be cheaper than island living — from groceries to gas. I wanted to go back home to Hawaii but felt overwhelmed by the logistics of closing the distance. I had just turned 28 and felt discouraged; I was broke, unemployed, and living with my parents. AdvertisementIf I wanted to call Hawaii home for the foreseeable future, I knew I had to make some financial changes. Living with my parents helped me finally plan for a futureThe US financial system can be difficult to grasp.

Persons: —, I've, I'm Organizations: Service, Business, Hawaii Locations: Austin, Texas, Hawaii, Oahu

☆ The two-day or less shipping Americans have come to expect faces a climate change threat
▼ + stars: | 2024-08-24 | by ( Michelle Castillo | ) www.cnbc.com time to read: +7 min

Customers have come to expect when they order something online, it arrives in two days or less. Many logistics companies have warned about shipping delays due to extreme weather. Freight solutions company Breakthrough, which focuses on sustainable transportation, conducted a survey of 500 shippers and carriers this year that revealed extreme weather was cited as the top transportation challenge. And rather than rely on large warehouses, it uses its stores as hubs, which helps it change delivery fulfillment quickly. In addition to closing warehouses in cases of extreme weather, Amazon is using algorithms to plan delivery worker routes.

Persons: Jenny Zanden, Donner, Parvez Musani, Musani Organizations: Sparks, Walmart, Amazon, Daily Locations: Panama, U.S, Sparks , Nevada, Sierra, Nevada , California, Oregon, New Jersey, California

☆ Microsoft plans September cybersecurity event to discuss changes after CrowdStrike outage
▼ + stars: | 2024-08-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Delta Air Lines , which said fallout from the outage cost the company $550 million, is seeking damages from CrowdStrike and Microsoft. Software from CrowdStrike Check Point , SentinelOne and others in the endpoint-protection market currently depend on kernel mode. But an application in kernel mode that fails can cause all of Windows to crash. The Microsoft executive said removing kernel access in Windows would only solve a small percentage of potential problems. "We will share further updates on these conversations following the event," Microsoft Corporate Vice President Aidan Marcuss wrote in a blog post.

Persons: CrowdStrike, Aidan Marcuss Organizations: Delta Airlines, Microsoft, Delta Air Lines, CNBC, Windows, Apple, Rust Foundation, Microsoft Corporate Locations: Los Angeles, Airlines, Redmond , Washington, SentinelOne, macOS

☆ Ukraine Steps Up Strikes Into Russia as Moscow Pushes Ahead in the East
▼ + stars: | 2024-08-23 | by ( Marc Santora | ) www.nytimes.com time to read: +1 min

As Ukrainian forces fight to isolate a large group of Russian soldiers caught between a river in Russia’s Kursk Province and the Ukrainian border, Kyiv has launched a series of strikes at airfields, ports and oil depots in Russia aimed at degrading the Kremlin’s war effort. A Ukrainian missile strike on the Russian port of Kavkaz hit a large cargo ferry laden with fuel on Thursday, triggering a towering blaze at the facility, according to Russian and Ukrainian officials as well as video posted to social media channels. Kavkaz is one of the country’s largest passenger ports and the main ferry terminal connecting Russia with Crimea. “This ferry is one of the key links in the Russian military logistics chain, primarily for supplying the occupying forces with fuel and lubricants, but it also transported weapons,” a Ukrainian Navy spokesman, Dmytro Pletenchuk, said in a statement. The attack on the transit hubs came after strikes on the only bridge linking Crimea to Russia over the Kerch Strait left it damaged, forcing Moscow to increasingly rely on large ferries capable of carrying rail cars to support its occupation forces on the peninsula, which it annexed in 2014.

Persons: ”, Dmytro Pletenchuk Organizations: Ukrainian Navy Locations: Russia’s Kursk Province, Ukrainian, Kyiv, Russia, Crimea, “, Kerch, Moscow

☆ US unveils major tranche of sanctions targeting Russia
▼ + stars: | 2024-08-23 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +2 min

CNN —The United States on Friday unveiled a massive tranche of sanctions in the latest effort to target Russia’s war machine as the war with Ukraine continues. The sanctions from the US Treasury and State Departments hit nearly 400 people and entities both in and outside Russia, including China, Switzerland, Turkey and the United Arab Emirates, according to a press release from the Treasury Department. The sanctions – unveiled ahead of Ukrainian Independence Day – specifically target those supporting the Russian supply chain and defense base, as well as those helping Moscow to evade current sanctions. They come as Ukraine has launched an audacious incursion into Russia’s Kursk region. This story is breaking and will be updated.

Persons: ‘ Organizations: CNN, US Treasury, State, United Arab Emirates, Treasury Department, –, Ukrainian, Treasury, State Department, State Atomic Energy Corporation Locations: United States, Ukraine, Russia, China, Switzerland, Turkey, Moscow, Russia’s Kursk, Russian

☆ Traveling to die: The latest form of medical tourism
▼ + stars: | 2024-08-23 | by ( Debwaldman | Kff Health News | ) edition.cnn.com time to read: +9 min

At that point, she would have had to travel to Switzerland — or live in the District of Columbia or one of the 10 states where medical aid in dying was legal. (Montana effectively allows aid in dying through a 2009 court decision, but that ruling doesn’t spell out rules around residency. In Oregon, 23 out-of-state residents died using medical assistance in 2023, just over 6% of the state total, according to the Oregon Health Authority. She would’ve preferred to travel from her home in Pennsylvania to neighboring New Jersey for medical aid in dying, but it is allowed there only for state residents. Instead she has arranged to die in Vermont, one of two states that explicitly allow medical aid in dying for nonresidents.

Persons: Francine Milano, she’d, ”, “, Milano, Oncologist Charles Blanke, he’s, ” Blanke, Peg Sandeen, Kris Brackin, would’ve, nonresidents, Eric Harkleroad, Diana Barnard, there’s rescheduling, “ It’s, Anita Hannig, Sandeen, Barnard, Blanke, Airbnbs, Milano hasn’t, Dr, Sanjay Gupta, That’s, she’ll, it’s Organizations: Health, District of Columbia, Vermont Department of Health, Oregon Health Authority, KFF, Craigslist, CNN, CNN Health, KFF Health Locations: Pennsylvania, Vermont, Lancaster, Switzerland, District, Oregon, Montana, New York, California, Portland, U.S, Carolinas, Florida, Texas, New Jersey, America, . Delaware, Burlington, When Oregon

☆ I quit my Big 4 accounting job to be a full-time entrepreneur. It's useful to have a stable job for as long as you can.
▼ + stars: | 2024-08-14 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Macdonald, 32, quit his accounting job at PwC in 2016 to work on ManiLife full-time. I decided to accept a job at PwC, a Big Four accounting company, for a three-year graduate program. When the time came to return to my accounting job in September 2015, I gave up my peanut butter venture and returned to the UK. I had shelved my idea for a peanut butter brand to work at PwCI came up with the idea for ManiLife — my peanut butter company — living in Argentina. Having a stable job helped me get my business off the groundI think I left my PwC job at the right time.

Persons: —, Stu Macdonald, Macdonald, I'd, weren't, didn't, I've, I'm Organizations: Service, Business Locations: Wilmslow , England, PwC, Argentina, Córdoba, British

☆ I moved to Finland and fell in love with the free healthcare and work-life balance. It's a great place to raise my daughters.
▼ + stars: | 2024-08-13 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Andro Lindsay, a 48-year-old who moved from Santiago, Chile, to Helsinki. My relationship with Finland started over 20 years ago — I've been a part of several businesses with links to Finland, and some of my best friends are Finns. I've expanded my work to include sustainable mining, green hydrogen, and more. AdvertisementMy daughters fell in love with Finland as soon as we arrivedLindsay and his daughters. We all fell in love with Finnish culture, and we couldn't be happier here.

Persons: —, Andro Lindsay, It's, I've, Finn, Janne, Lindsay, Andro Lindsay I'm, I'm Organizations: Service, Business, Technical Research, of Finland, Helsinki Partners Locations: Santiago, Chile, Helsinki, Finland, Finnish, Santiago ., Seurasaari, Hietaranta

☆ I moved to Finland for 90 days and fell in love with the culture and lifestyle. Now, I'm raising my daughters here.
▼ + stars: | 2024-08-13 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

☆ FDA rejection of MDMA-assisted therapy rattles advocates but doesn’t spell end of psychedelics in medicine, experts say
▼ + stars: | 2024-08-13 | by ( Deidre Mcphillips | Carma Hassan | ) edition.cnn.com time to read: +11 min

The initial application from Lykos presented positive data from two late-stage clinical trials that used MDMA in combination with talk therapy to treat PTSD. The advisers said it was also difficult to parse how much the accompanying talk therapy — an area that the FDA does not regulate — contributed to outcomes. Advocates for the treatment, including some veterans groups, said they were “incredibly disappointed” by the FDA decision. Dozens of clinical trials involving psychedelics are in various stages, and additional scrutiny can help strengthen the findings and build confidence. Psychopharmacology did not allow the study authors to publish a correction with data that excluded findings from one study site, said Allison Feduccia, an author in all three retracted studies.

Persons: Lykos, —, ” Martin Steele, Brett Waters, ”, Rachel Yehuda, “, ‘, Michael Bogenschutz, Yehuda, It’s, Lori Bruce, Psychopharmacology, caressed, “ it’s, Amy Emerson, ” Lykos, Allison Feduccia, Dr, Sanjay Gupta, Brian Barnett, ” Bruce, Nadia Kounang Organizations: CNN, Food and Drug Administration, Lykos Therapeutics, FDA, Veteran Mental Health Leadership Coalition, Hope, Center, Psychedelic Psychotherapy, Mount, Icahn, of Medicine, NYU Langone Center, Psychedelic Medicine, Oxford, NUS, Neuroethics, Interdisciplinary Center, Bioethics, Yale University, ”, Multidisciplinary Association for Psychedelic Studies, Health Canada, Institutional, Board, CNN Health, Cleveland Clinic Locations: Canada, “

☆ ‘I don’t want to die,’ Uvalde student told 911 dispatcher during mass shooting
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +7 min

Crosses with the names of shooting victims outside Robb Elementary School in Uvalde, Texas, on May 26, 2022. “I think he’s shooting kids.”But the offer arrived too late, coming just around the time that the shooting had ended and law enforcement officers killed Salvador Ramos. Former Uvalde school Police Chief Pete Arredondo and former school officer Adrian Gonzales have pleaded not guilty to multiple charges of child abandonment and endangerment. A Texas state trooper in Uvalde who had been suspended was reinstated to his job earlier this month. In an interview this week with CNN, Arredondo said he thinks he’s been “scapegoated” as the one to blame for the botched law enforcement response.

Persons: DALLAS —, Khloie Torres ’, ”, “, San Antonio, Brett Cross ’, Uziyah Garcia, Cross, weren’t, Jesse Rizo, Jacklyn Cazares, Jae C, Salvador Ramos, Ramos, ” “, Ramos ’, ” Armando Ramos, Pete Arredondo, Adrian Gonzales, Arredondo, he’s Organizations: DALLAS, Robb Elementary School, Associated Press, U.S . Border Patrol, Uvalde Police Department, Texas Department of Public Safety, . Justice Department, Police, CNN Locations: Uvalde , Texas, Khloie, South Texas, San, U.S, Austin, ”, Texas

☆ Jim Cramer prefers Mondelez over this food peer — plus, his take on 4 more stocks
▼ + stars: | 2024-08-12 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

The deal will help improve Key's balance sheet, Jim Cramer said. Robinhood : Shares rose more than 4% after Piper Sandler upgraded the brokerage firm's stock to a buy rating. Prologis : Shares fell a little over 1% after Bank of America downgraded the stock to a hold rating. Qualcomm shares were down about 1% Monday. General Mills : Shares were slightly lower despite Goldman Sachs initiating coverage of the stock with a buy rating.

Persons: Jim Cramer's, Jim Cramer, Piper Sandler, Cramer, Jim, I'm, General Mills, Goldman Sachs, Mills Organizations: CNBC, Club, Canada's Scotiabank, Bank of America, Qualcomm, Wolfe Research, Apple, Mondelez Locations: Cleveland

☆ Israel and US brace for Iranian attack as diplomats push hard for Gaza ceasefire
▼ + stars: | 2024-08-12 | by ( Christian Edwards | ) edition.cnn.com time to read: +6 min

CNN —Israel and the United States are preparing for a potential Iranian attack on Israel as efforts to secure a ceasefire in Gaza intensify, with talks set to resume this week amid intense diplomacy to avert a wider regional war. A major Iranian attack reprisal against Israel could risk derailing the ceasefire talks that US officials have said were at an advanced stage prior to the assassination of Hamas’ political leader Ismail Haniyeh in Tehran, which Iran blamed on Israel. But the country’s mission to the United Nations said on Saturday that Tehran’s retaliation to Israel’s suspected killing of Haniyeh is “totally unrelated to the Gaza ceasefire,” adding that it has a right to self-defense. Palestinians pray next to the bodies of those killed in an Israeli strike on a school sheltering displaced people in Gaza City on Saturday. Egyptian and Qatari mediators have told Israel that Sinwar wants a deal, an Israeli source familiar with the matter told CNN.

Persons: CNN —, –, Ismail Haniyeh, Israel hasn’t, Israel, hasn’t, Iran’s, Ayatollah Ali Khamenei, “, ”, Haniyeh, Lloyd Austin, Israel “, William Gore, Lebanon –, Fu’ad Shukr, Abed Sabah, Yahya Sinwar –, Israel –, Joe Biden, Sinwar, Benjamin Netanyahu, Bibi, Netanyahu Organizations: CNN, Qatari, Doha, United, Islamic Revolutionary Guard Corps, United Nations, US, USS, Pentagon, Congress, UN, Spc, US Navy, Reuters, –, US National Security Council, Israel Defense Forces Locations: CNN — Israel, United States, Israel, Gaza, Iran, Cairo, Egypt, Qatar, Tehran, France, Germany, United Kingdom, USS Georgia, Manama, Bahrain, Lebanon, Beirut, Gaza City

☆ SM Investments: We are focused on growing the revenue of our businesses
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSM Investments: We are focused on growing the revenue of our businessesFrank Gomez from SM Investments says the conglomerate is focused on the core businesses, but also expands into some sectors with high growth potential, such as logistics and geothermoal power.

Persons: Frank Gomez Organizations: SM Investments

☆ Forget free cash, there's an even more American way to help people get ahead
▼ + stars: | 2024-08-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +11 min

Read previewGuaranteed basic income is all the rage right now. Countries including India, Argentina, and Austria have tested out small-scale guaranteed job programs. Cleveland's jobs guaranteeFor Cotten, ensuring jobs for any American who needs one is a no-brainer. While many cities are testing out basic income programs, they haven't been universal and instead targeted specific groups in need like artists, new parents, low-income families, or people experiencing homelessness. Republican lawmakers have introduced bills to ban basic income programs in their states, with some arguing that handing out checks with no strings attached would disincentivize work and raise taxes.

Persons: —, that's, what's, Tcherneva, Sen, Bernie Sanders, Ayanna Pressley, Devin Cotten, Cotten, Franklin Delano Roosevelt's, Sanders, Pressley, Andrew Yang —, Gerald Connolly, UBE, Lukas Lehner, Lehner, Maximilian Kasy, they're, Kasy Organizations: Service, Business, Bard College, American, Democrats, Republicans, Washington Post, Social Security, Universal, University of Oxford, European Commission, European Union Locations: Denver, Baltimore, India, Argentina, Austria, Cleveland, Virginia, Austrian, Marienthal, South Africa, United States, France

☆ Palantir jumps 11% on Microsoft partnership to sell AI to U.S. defense, intel agencies
▼ + stars: | 2024-08-08 | by ( Todd Haselton | ) www.cnbc.com time to read: +1 min

Alex Karp, CEO of Palantir Technologies, walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 10, 2024. Palantir shares closed up 11% on Thursday after the company announced a partnership with Microsoft to sell secure cloud, analytics and artificial intelligence capabilities to the U.S. defense and intelligence communities. Palantir reported earnings earlier in the week, raising its annual revenue forecast to between $2.74 billion and $2.75 billion, from $2.68 billion to $2.69 billion. Microsoft said the partnership would allow U.S. defense and intelligence organizations to build AI tools for action plans and logistics, among other things. Palantir, co-founded by billionaire Peter Thiel, will work with Microsoft to provide trial services and training sessions.

Persons: Alex Karp, Peter Thiel, Palantir Organizations: Palantir Technologies, Allen, Co . Media, Technology Conference, Microsoft, Foundry, Apollo, AIP, intel Locations: Sun Valley , Idaho, Gotham

☆ No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says
▼ + stars: | 2024-08-07 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company's chief executive said Wednesday. "We've seen in the last couple of years, actually, [the shipping container] market remaining surprisingly resilient to all the fear of recessions that there has been," Vincent Clerc told CNBC's "Squawk Box Europe" Wednesday, adding that container demand was generally a good indicator of underlying macroeconomic strength. The last week has seen a sudden escalation in worries about a recession in the world's biggest economy, the U.S., following a set of weaker-than-expected jobs data which has divided economists and market participants. U.S. retail trade inventories — a measure of unwanted build — in May were up 5.33% from a year ago at $793.86 billion, according to the most recent release from the U.S. Census Bureau. A report released by leasing platform Container xChange on Wednesday said indicators suggest inventories are higher than demand, meaning a less "prosperous time" in the coming months for container traders, the logistics market and retailers who stockpiled.

Persons: We've, Vincent Clerc, CNBC's, Clerc Organizations: Shipping, Maersk, U.S . Census Locations: U.S

☆ Why 'wardrobing' retail fraud soars in the summer
▼ + stars: | 2024-08-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

A particular type of retail fraud soars during the summer season. Scot Case, executive director of the Center for Retail Sustainability at the National Retail Federation, said wardrobing can drive up costs and waste for retailers if the product can no longer be resold. "As companies build and integrate take back programs to repair and resell used items, returns take on a new role, fueling a new circular market." The average value of a returned item for Optoro's customers is $85. The highest item value reported as returned in the survey was $200.

Persons: Amena Ali, Optoro, Ali, TJ Maxx, coverup, Scot Case, Stephen Lamar, Lamar, Stephen Lamar's Organizations: CNBC, Center for Retail Sustainability, National Retail Federation, Eagle Outfitters, American Apparel and Footwear Association Locations: recommerce

☆ New tech will trap CO2 from cargo ships and store it in the ocean
▼ + stars: | 2024-08-06 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

The dissolved calcium carbonate then reacts with the CO2 in the water to form bicarbonate salts, locking the CO2 away. Adkins says that with a full-scale reactor, he aims to capture and store about half of a ship’s CO2 emissions. BAR Technologies/Cargill French company Airseas has developed the Seawing, which it says could help ships cut their carbon emissions by an average of 20%. A British company called Seabound, for example, makes a device that captures between 25% and 95% of a ship’s CO2 emissions. “We think that ships are actually going to be able to compete with underground CO2 storage,” he said.

Persons: it’s, Jess Adkins, ”, Adkins, ” Adkins, Calcarea, Melissa Gutierrez, Pierre Forin, geochemist Will Berelson, Will Berelson, Airseas, Maxime Horlaville, Norsepower, Daniel Sigman Organizations: CNN — International, International Maritime Organization —, UN, California Institute of Technology, Caltech, University of Southern, USC, British Port Association, Cargill, BAR Technologies, de Bordeaux, Michelin, Norsepower, Anemoi, Technologies, Geophysical Sciences, Princeton University Locations: University of Southern California, Port of Los Angeles, Norway, Nantong, Vancouver, British

☆ This tech stock is enabling the 'AI goldrush' and can surge nearly 25%, Bank of America says
▼ + stars: | 2024-08-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

While several tech giants have taken a hit amid the crushed hype around artificial intelligence, Palantir Technologies is an AI beneficiary that is here to stay, according to Bank of America. "We liken the market, industry, and investor attitudes toward AI to that of the California gold rush," Mora wrote in a Tuesday note to clients, adding that the "AI rush" appears to have run dry given the recent tech sell-off. "As it was with the gold rush, the real benefactors were the entrepreneurs that supported the rush. "PLTR is well-positioned as enriched data, connectivity, and interoperability are what define the new era of defense," the analyst said. The firm kept its underweight rating and $20 price target on the stock.

Persons: Mariana Mora, Mora, —, Palantir, Morgan Stanley Organizations: Technologies, Bank of America, Chief, Artificial Intelligence, Department of Defense, Applications Government, U.S ., Deutsche Bank Locations: California

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