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In large South Korean cities like Seoul, convenience stores are on every corner, sometimes with multiple outlets from competing companies dotting the same street. Heo Ran/ReutersThere are a few things that set South Korean convenience stores apart. A quick search on YouTube, TikTok or Instagram shows an endless supply of videos about Korean convenience stores. Indeed, Korean convenience store companies have grown so successful they are even expanding overseas. But when she next returns to South Korea, she will “definitely” still visit a convenience store and hit record, she said.
Persons: , Chang Woo, ” Chang, Heo Ran, Chang, – they’re, Jiny, , Emart24 –, Maeng Organizations: South Korea CNN, Korea Convenience Store, South, Kwangwoon University, Deloitte Korea, McKinsey, Companies, Deloitte, YouTube Locations: Seoul, South Korea, Japan, Taiwan, , United States, Korea, London, Australia, “ Korea, Sydney, Southeast Asia, Vietnam, Malaysia
They are turning to making their own oil by buying household oil press machines. a post on social media platform Xiaohongshu, captioning a video of a bottle of cooking oil, showcased locals' worries. China's authorities have launched an investigation into food safety concerns after domestic media revealed that a major state-owned company, Sinograin, had been using tankers that carry fuel to transport cooking oil. Be careful of 'Made in China' food products," Rein told CNBC's "Squawk Box Europe." "Illegal enterprises and relevant responsible persons will be severely punished in accordance with the law and will not be tolerated," China's Commission on Food Safety of the State Council said.
Persons: It's, Shaun Rein, Rein, CNBC's Organizations: Chinese Communist Party, Beijing, Private, Hopefull, Oil Group, Beijing News, China Market Research, Times Finance, Food, State Locations: China, China's Guangxi, Australia, Europe, Hong Kong
Practical purchases dominated this year's Amazon Prime Day in the US, the 48 hours of mega-discounts that generate billions in sales. Last year, consumer electronics and cosmetics were among the top Prime Day purchases, CNBC reported. Adobe Analytics forecasted before the mega-sale that this year's Prime Day would hit a record $14 billion in sales, breaking 2023's record by 10.5%. And it's too early to know what Amazon shoppers bought around the world: Some countries' Prime Day sales stretch for nearly a week, while India's Prime Day happens later this summer. "It was Christmas in July quite frankly — a bigger day than Black Friday," Brian Olsavsky, Amazon's CFO, told investors after the company's first Prime Day.
Persons: Brian Olsavsky Organizations: Business, CNBC, Amazon, Adobe, Prime, US, Health, Education, Labor, Pensions, Amazon's, US Occupational Safety, Health Administration —
Best Investing Apps of 2024Top Investing Apps of 2024The best investment apps help you achieve wealth-building goals while diversifying your portfolio and providing the accessibility and convenience of mobile trading for the everyday investor. Here are the best investment apps available to traders, as chosen by Business Insider's editors in 2024. Best Investing App OverallE*TRADE is a one-stop shop for investing and the overall best app. Betterment reviewBest Investing App for MobileAs one of the best stock trading apps for beginners, Acorns Invest is the best investing app for mobile traders seeking automated trading strategies and customized ETF portfolios. Best Investment Apps FAQsWhat is the best app to start investing on?
Persons: you'll, Vanguard's, Wealthfront, you've, Charles Schwab, we've, Brian Fry, Charlotte Geletka, Kaysian Gordon Organizations: Business, Mobile, Finance, M1 Finance, M1, IRA, Vanguard, Stock Market ETF, Bond, Blackrock, Invest, Chevron, SoFi Invest, Fidelity, Apple
The Best Free Stock Trading AppsCharles Schwab: Best overall free stock trading appFidelity Investments: Best trading app for index fundsSoFi Invest: Best for beginnersWebull: Best trading apps for options tradingRobinhood Investing: Best trading apps for active tradingE*TRADE: Best trading apps for all types of investorsInteractive Brokers: Best trading apps for advanced tradersPassive and active investors can benefit from commission-free trading on investments like stocks and ETFs. Compare the Top Free Stock Trading AppsThe best free stock trading apps offer low account minimums, commission-free trading, research, financial tools, educational resources, and more. Interactive Brokers reviewBest Free Stock Trading Apps FAQsWhich app is best and free for trading? SoFi is our top pick for the best free stock trading app for beginners because of its automated trading services and low-cost investment strategies. How to Choose the Best Free Stock Trading AppThe best free stock trading apps for beginners will offer low fees, low minimums, easy-to-use platforms, and access to educational resources like webinars and blogs.
Persons: Charles Schwab, Charles Schwab's, Schwab, You'll, you'll, Morningstar, SoFi, Webull, Robinhood, litecoin, Brian Fry, Charlotte Geletka, Kaysian Gordon, isn't Organizations: Fidelity Investments, Invest, Interactive, Free, Business, Business Daily, Fidelity, SoFi, Financial, SoFi Invest, Nasdaq, Robinhood, Gold, Robinhood Gold, Apple, Traders, IBKR Pro, Paxos Trust, Traders Academy, Interactive Advisors, CDFA, CFP, Investors
Read previewSen. JD Vance of Ohio has come a long way since graduating from Yale Law School in 2013. AdvertisementThe Marine veteran enrolled at Yale Law School in 2010 after graduating from Ohio State University. In his 2016 memoir "Hillbilly Elegy," Vance likened his year at the Ivy League institution to attending a kind of "nerd Hollywood." Vance's bestselling memoir "Hillbilly Elegy" wouldn't have existed without Chua's helpJD Vance released his memoir "Hillbilly Elegy" in 2016. In the "Acknowledgments" section of "Hillbilly Elegy," Vance thanked both Bennett and Chua for their support.
Persons: , Sen, JD Vance, Donald Trump, JD, Trump, Vance, Peter Thiel, Thiel, Amy Chua, Chua, Chua's, Amy Chua's, Bill Tompkins, Tina Bennett, Bennett, Tina, Tom Brokaw, Chua JD Vance, Usha Chilukuri, Anna Moneymaker, he'd, Usha, Chilukuri, America's Hitler, I'm, Trump's, J.D, @JDVance1, Brett Kavanaugh, Edward Luce Organizations: Service, Yale Law School, America, Business, Ohio State University, Ivy League, Yale, Harvard, Duke Law School, Getty, Trump, Supreme, Financial Times Locations: Ohio, United States of America
LONDON — While the European men's soccer championship ended in gloom yet again for England, the tournament boosted the nation's grocery store and hospitality spending — with no and low-alcohol sales seeing a particular boom. Take-home grocery sales increased 2.2% across the four weeks to July 7, with beer sales up by an average 13% on England match days, market research firm Kantar said in research released Tuesday. No and low-alcohol beer sales meanwhile spiked 38%, Kantar said, attributing this to the fact that many England matches were held on weeknights. It is the latest sign of strength in the no and low-alcohol beer market, which has grown rapidly in recent years with offerings from both the brewing juggernauts and incumbents such as Lucky Saint, which is served in cans and on tap in thousands of U.K. pubs and bars. Research firm IWSR forecasts the U.K.'s total beverage alcohol market will see a 1% decline across volume and value over the next five years, as no and low-alcohol grows 19%.
Persons: Kantar, Saint, IWSR Organizations: Euro Locations: England, Spain, London, United Kingdom
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Early in my career, I held positions as a software engineer at Morgan Stanley, Redi Technologies, and Amazon. I then worked at a startup and AppNexus before becoming the senior engineering manager and head of search engineering at Slack. In my early years, we grew rapidly, I loved my job, and the high salary was a nice bonus. I work more hours than I did at SlackI have more flexibility than at Slack, but my working hours are longer.
Persons: , Hera Wentong Li, Morgan Stanley, Slack, Curio, Kimberly Atiyeh, we're, Kimberly, strategize, I'm Organizations: Service, Cornell, Business, Redi Technologies Locations: New York City, Singapore
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. After a 13-year tech career, I founded Curio, a subscription book club that fosters bilingual learning in children. Early in my career, I held positions as a software engineer at Morgan Stanley, Redi Technologies, and Amazon. I then worked at a startup and AppNexus before becoming the senior engineering manager and head of search engineering at Slack. I work more hours than I did at SlackI have more flexibility than at Slack, but my working hours are longer.
Persons: , Hera Wentong Li, Morgan Stanley, Slack, Curio, Kimberly Atiyeh, we're, Kimberly, strategize, I'm Organizations: Service, Cornell, Business, Redi Technologies Locations: New York City, Singapore
Subsea cables are the backbone of the internet, carrying 99% of the world's data traffic. What are subsea cables? Subsea cables are the backbone of the global internet, carrying 99% of the world's intercontinental data traffic. More recently, U.S. tech giants including Meta, Google, Microsoft, and Amazon have invested significant sums to lay down their own cables. Many international subsea cable projects are reportedly circumventing China today due to concerns over data security and Beijing's expanding geopolitical influence.
Persons: TeleGeometry, Andy Champagne, Joe Vaccaro, Vaccaro Organizations: Photodisc, Getty, Yemen's, U.S, Asia America Gateway, Akamai Labs, CNBC, Cisco, Meta, Google, Microsoft, Amazon, U.S ., Echo, State Department, Wall Street, Submarine Systems, Team Telecom Locations: Yemen's Iran, China, Ireland, Asia, U.S, U.S . West Coast, Singapore, Indonesia, Africa, Europe, Pacific, Estonia, Hong Kong
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese EV makers currently as good or better than Tesla, strategist saysShaun Rein, managing director of the China Market Research Group, says some Chinese EV makers are currently "as good, if not better" than Tesla as the U.S. firm hasn't changed its model in six or seven years.
Persons: Shaun Rein, Tesla, hasn't Organizations: China Market Research Locations: China, U.S
Pressures faced by lower-income consumers have been smoothed over by robust spending from the middle- and higher-income cohort. 'A shift in priorities' Even with cracks emerging in the consumer, many investors anticipate a soft landing for the economy. "They are spending, but they're being more particular than they were before in terms of what they're spending on," she added. "As more consumers shift their meal preferences to eating at home as opposed to eating out, that could provide a catalyst to lift these stocks valuations," he wrote. Sekera also noted travel as one area where consumers are continuing to spend, even as they pull back on other purchases.
Persons: Bill Merz, They're, Lindsay Rosner, there's, Dave Sekera, Morningstar, Kraft Heinz, Kellanova, Sekera, Goldman Sachs, Rosner Organizations: PepsiCo, U.S, Bank Asset Management, Goldman Sachs Asset Management, HSBC, Viking Holdings, Worldwide Holdings, Marriott International, Walmart, Target, Kraft Locations: U.S, delinquencies
Chinese companies are leading the way in the experimentation of generative AI, but they're still behind the U.S. when it comes to full implementation, according to a new survey. The survey respondents were decision-makers in GenAI strategy or data analytics in 1,600 organizations worldwide in key sectors, including banking, insurance, retail, and health care. Adoption referred to both experimentation and full implementation in the survey. Chinese organizations are leading in the adoption of generative AI, with 83% of them either running initial tests or having fully implemented the technology. That's much higher than the United Kingdom at 70%, followed by the United States at 65% and Australia at 63%.
Persons: they're, Coleman Parkes — Organizations: SAS Institute Locations: U.S, China, United Kingdom, United States, Australia
There's no shortage of easy side hustles to try, for those who are looking to add another income stream. You can take care of people's pets, rent out your house or apartment or do some virtual assisting. Another side hustle worth exploring is market research. Before launching products to the public, companies often test run them with potential users to get feedback. Here are several ways to do some market research and how much each could pay.
Persons: Sidehusl.com Kathy Kristof, they'll
New York CNN —New data shows weakening in the US economy – Friday’s jobs report showed that unemployment ticked up to 4.1% in June. Inflation is easing, and so is economic growth – that combination means interest rate cuts could be on their way. Before the Bell spoke with Michael Reynolds, vice president of investment strategy at Glenmede, about investors, the economy and political landscape. We recognize that to have a thesis on the economy is to have a thesis on the consumer. The global market value for adult diapers was pegged at $12.8 billion in 2023, according to market research provider Euromonitor International.
Persons: Joe Biden, Bell, Michael Reynolds, we’ve, there’s, That’s, We’ve, Fumio Kishida, Read, Nathaniel Meyersohn Organizations: CNN Business, Bell, New York CNN, Nasdaq, Federal, DC, Traders, Fed, Federal Reserve, United Nations, UN, Euromonitor, Oji Holdings, Flags Locations: New York, Japan, China, Indonesia, Malaysia, United States
A looming ban on vacation rentals in Barcelona. At a time when overwhelmed European destinations are slapping tourists with restrictions and fees, Copenhagen is trying a different approach: rewarding visitors who act responsibly. Beginning July 15, tourists who demonstrate climate-friendly travel behavior by participating in the city’s green initiatives — including cycling, train travel and clean-up efforts — will be granted access to museum tours, kayak rentals, free meals and more. “We must turn tourism from being an environmental burden into a force for positive change,” said Mikkel Aarø-Hansen, the chief executive of Wonderful Copenhagen, the tourism organization for the Capital Region of Denmark. Copenhagen’s new initiative, CopenPay, aims to bridge the gap between the desire to act sustainably and actual behavior by making climate-friendly action a currency for cultural experiences.
Persons: , , Mikkel Aarø, Hansen, Kanter Organizations: Wonderful, Capital Locations: Venice, Barcelona, Majorca, Copenhagen, Wonderful Copenhagen, Denmark, London
What to expect from the June jobs report
  + stars: | 2024-07-05 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +9 min
That said, the job market of today is far different than it was 30 months ago. “The labor market has normalized,” Luke Tilley, Wilmington Trust’s chief economist, told CNN in an interview. As such, Friday’s report could provide a crucial signal as to whether the jobs market is at a stable or even pre-pandemic state — or is perhaps weaker than advertised. The continued upswing in claims has Tilley closely watching an underlying datapoint of the monthly jobs report: Unemployed persons by reason for unemployment. The overall labor force participation rate dipped in May to 62.5% from 62.7%, reversing progress made earlier this year.
Persons: don’t, ” Luke Tilley, , Nela Richardson, ” Dean Baker, aren’t, Tilley, ” Tilley, That’s, Julia Pollak, ” Pollak, Rachel Sederberg, Joe Biden, Donald Trump, Biden, Jerome Powell, Powell, , can’t, Lightcast’s Organizations: CNN, Bureau of Labor Statistics, Center for Economic, Policy Research, of Labor, Challenger, ZipRecruiter, , CNN Business, Workers, Federal Reserve, Labor Locations: Wilmington, , Portugal
Last year, almost 30% of the Japanese population was 65 or older. In June 2023, Japanese Prime Minister Fumio Kishida unveiled a multi-billion dollar package of measures to encourage families to have more children. The growth of the older population is also changing the consumer product market. Demand for adult diapers in Japan has been rising, while the need for baby diapers has fallen. Electronics giant Panasonic has been researching and developing products aimed at the older population since 1990, according to its website.
Persons: Fumio Kishida Organizations: Hong Kong CNN, United Nations, UN, Euromonitor, Oji Holdings, Electronics, Panasonic, Ministry of, Hong, Seniors Locations: Hong Kong, Japan, China, Indonesia, Malaysia, Asia, South Korea, Taiwan, Africa, Europe, Northern America, America, Caribbean, Northern Africa, Western Asia, Saharan Africa
Earlier this week, AI company ElevenLabs said it is bringing digitally produced celebrity voice-overs of deceased actors, including Garland, James Dean and Burt Reynolds, to its newly launched Reader app. “We deeply respect their legacy and are honored to have their voices as part of our platform,” said Dustin Blank, head of partnerships at ElevenLabs. The AI is trained on old recordings and those recordings are under copyright. It’s not unlike a company negotiating a copyright deal to use a popular song by Queen in an ad. It’s unclear, however, how AI versions of well-known voices will be received by mass audiences and if it will raise concerns around authenticity.
Persons: Judy Garland, Oz, you’ll, ElevenLabs, Garland, James Dean, Burt Reynolds, , Dustin Blank, Joe Biden, OpenAI, Scarlett Johansson’s, ” Johansson, David Gunkel, , Queen, they’re, ” Bern Elliot, Al Michaels, Michaels, Gunkel Organizations: CNN, Hollywood, New, Northern Illinois University, Gartner, Media, NBC Locations: ElevenLabs
Auto Sales Grew Slightly in Second Quarter
  + stars: | 2024-07-02 | by ( Neal E. Boudette | Jack Ewing | ) www.nytimes.com   time to read: +1 min
Much of the auto industry, with the notable exception of Tesla, reported modest sales growth in the three months through June as high interest rates, high vehicle prices and uncertainty about the economy weighed on consumers. Sales in late June were also slowed by disruptions at car dealers stemming from a cyberattack on a company that supplies software and data services to dealerships. That’s a marked slowdown from the year’s first three months, when sales grew 5 percent. Slow growth is likely to continue through the end of the year, said Jonathan Smoke, Cox’s chief economist. “We probably can’t quite keep the pace of sales of the first half, but we aren’t expecting a collapse in sales.”
Persons: Tesla, That’s, Cox, Jonathan Smoke, , Organizations: Cox Automotive Locations: United States
Post-pandemic revenge spending is still continuing, but in one part of the world there's something starkly opposite happening — revenge saving. Rather than splurging on impulsive purchases, China's young are saving ferociously as the world's second-largest economy remains in the doldrums. Revenge saving has become a trend on Chinese social media websites, with Chinese youth setting extreme monthly saving targets. "Chinese youth have a revenge savings mentality," said China Market Research Group's Managing Director Shaun Rein. "Unlike youths in the 2010s who often spent more than they earned and borrowed money to buy fancy items like Gucci handbags and Apple iPhone, young Chinese have started saving more," he told CNBC.
Persons: Zhai Zhai, Shaun Rein, Gucci Organizations: Research, CNBC Locations: China
Competition may have died down but the original smartphone wars were so intense for Steve Jobs he once declared that he'd start a "thermonuclear war." Smartphone wars in the AI eraThe smartphone market has been lagging. The company will be banking on Apple Intelligence being a hit with consumers, potentially revitalizing sales in markets like China. Samsung Galaxy S24 lineup. SamsungThe South Korean tech giant must be hoping to regain its crown as king of the smartphone market.
Persons: , Steve Jobs, Jobs, Walter Isaacson, Justin Sullivan, Assurant, Tim Cook, Siri, Apple, OpenAI, iPhones, Wang Gang, it's Organizations: Service, Apple, Samsung, Business, Android, Google, Samsung Galaxy, Samsung's, Apple Intelligence, Worldwide, Huawei, Project Astra, Galaxy, South, IDC Locations: China, Paris
CNN —A major Supreme Court ruling Friday that shifted power from the executive branch to the judiciary stands to transform how the federal government works. By overturning a 1984 precedent, the court’s conservative majority has made countless regulations vulnerable to legal challenge. The Supreme Court ruling could boost efforts by conservatives who have taken aim at the Biden Environmental Protection Agency’s rules limiting planet-warming pollution from vehicles, oil and gas wells and pipelines, and power plants. The ruling has injected legal uncertainty into regulations of all types, including those on technology, labor, the environment and health care. But the Supreme Court has yet to decide a case heard this term that might gut that limitation.
Persons: , Kent Barnett, , Thomas Berry, John Roberts, Roberts, Elena Kagan, Sonia Sotomayor, Joe Biden, Shawn ThewPool, Adam Rust, ” Rust, Andrew Schwartzman, Alexander MacDonald, ” MacDonald, Sharon Block, ” Block, Biden, Andrew Twinamatsiko, ” Twinamatsiko, , Paul Gallant, TD Cowen, David Vladeck, Chevron —, Ann Carlson, Carlson, David Doniger Organizations: CNN, Biden, University of Georgia School of Law, Chevron, Natural Resources Defense, Republican, Democratic, Cato Institute . Chief, State of, Consumer, Consumer Financial Protection Bureau, Federal Trade Commission, Consumer Federation of America, , Supreme, Securities, Exchange Commission, Benton Institute for Broadband & Society, Department of Labor, National Labor Relations Board, Opportunity Commission, Harvard Law School, Center, Labor, American Cancer Society, US Food and Drug Administration, US Department of Health, Human Services, Medicare, Services, Medicaid, Human Services Department, HHS, O’Neill Institute for National, Global Health Law, Georgetown University, FDA, Federal Communications Commission, EPA, National, Traffic Safety Administration, University of California, Natural Resources Defense Council Locations: Obamacare, Chevron, State, Washington , DC, Texas, Littler, Los Angeles
Ca Phe Muoi co-owners Ho Thi Thanh Huong and Tran Nguyen Huu Phong. Traditional Vietnamese coffee is brewed in a phin – a metal, filtered brewing device – that’s placed over a cup or pot. And salt coffee is just one of several distinctive Vietnamese coffee drinks that might raise a few eyebrows among those who’ve yet to sample them. In fruit shake coffee – sinh to ca phe – coffee is combined with banana or avocado to produce a smoothie. And though they serve both iced and hot versions of salt coffee, they think the former is the tastiest option.
Persons: CNN — It’s, Luong, , Ho, Tran Nguyen, , Tran Nguyen Huu, phe muoi, Linh Pham, trung, Mintel, phe Organizations: CNN, , , Bloomberg, Getty, International Trade Council Locations: Hue, Vietnam, Turkey, Hungary, Siberia, Hanoi , Vietnam, Brazil, Hanoi, it's, Asia, California, Seattle, Philadelphia, London, Hue Imperial City
In fact, when it comes to side hustles online, there are numerous straightforward options you could dive into immediately. Here are three easy online side hustles to consider. Sites like Respondent and User Interviews help these companies collect feedback by paying people to share their opinions. User Interviews works similarly. Some User Interviews tests pay via PayPal but many pay with gift cards to Amazon, Target, and other retailers, according to Sidehusl.com.
Persons: they've, Sidehusl.com Kathy Kristof, Kristof, You'll, There's Organizations: PayPal, Target Locations: Cambly
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