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☆ Amazon targets Aldi with a new lineup of ‘no-frills’ groceries
▼ + stars: | 2024-09-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

Amazon is rolling out a new “no-frills” private label brand called Amazon Saver, with most items priced at less than $5 and that include an array of household staples and pantry items such as cookies and crackers and perishable items like sliced turkey and ham. Shoppers at its roughly 50 Amazon Fresh stores and online are getting price cuts on more than 3,000 items. Typically, Prime members get a 10% discount, but now they can get up to 50% off eight to 15 grocery items that change weekly, including fresh produce and meats. And more than 1,200 rotating grocery items from popular brands will be discounted 25%. Prime members will also get an additional 10% off its new lineup of Saver products.

Persons: ”, Neil Saunders, ” Saunders, Sarah Wyeth Organizations: New, New York CNN, Target’s, Amazon, Walmart, Target, Aldi, GlobalData, “, CNN, Shoppers Locations: New York, Aldi

☆ What Trump and Harris’ economic proposals mean for you
▼ + stars: | 2024-09-10 | by ( Elisabeth Buchwald | Matt Egan | ) edition.cnn.com time to read: +9 min

Here’s a look at what could happen to inflation, jobs and the deficit if Trump or Harris win in November. That, among other things, would keep the top tax rate individuals pay at 37% compared to 39.6% before it went into effect. Meanwhile, the tax proposals Harris has put forth so far mostly involve imposing higher taxes, which would have a positive impact on the deficit. For instance, she’s endorsed raising the top individual income tax rate to 44.6% and the top long-term capital gains tax rate to 28% versus the current 20%. Taken together, the Penn Wharton Budget model estimates Harris’ proposals could increase the deficit by an additional $1.2 trillion by 2034.

Persons: Kamala Harris, Donald Trump, Harris, Goldman Sachs, Trump, Warwick McKibbin, Goldman, she’s, ”, Justin Wolfers, Kevin Dietsch, He’s, Elon Musk, She’s, Joshua Gotbaum Organizations: New, New York CNN, Labor Department, Trump, Peterson Institute for International Economics, Gross, University of Michigan, CNN, Federal Reserve, Treasury Department, Wharton Budget, Social Security, Penn, Wharton Budget Model, Penn Wharton Budget, Brookings Institution Locations: New York, United States, Penn

☆ The two words Apple never mentioned at its iPhone 16 event
▼ + stars: | 2024-09-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Apple is wedging AI into its phones like a new U2 album no one asked for. However, given the “Apple Intelligence” highlights the company previewed in June and officially rolled out Monday, investors and customers alike may want to temper their expectations. Even Apple seemed to hedge a bit: It never mentioned the words “artificial intelligence.”The new tools look … fine. Munster expects iPhone sales will exceed Wall Street’s estimates in the coming quarters. The always image-conscious Apple knows better than to fall into the “AI” trap, even if its whole pitch for the new iPhone is AI.

Persons: CNN Business ’, you’ll, Siri, You’ll, ”, Gene Munster, Justin Sullivan, Tim Cook, ChatGPT, Apple Organizations: CNN Business, New York CNN, Apple, Deepwater Asset Management, Munster, Apple Intelligence, Wall, of Hospitality Marketing, Management Locations: New York, Valley, Silicon Valley

☆ DJT stock: Trump has lost $4 billion in Truth Social wipeout
▼ + stars: | 2024-09-09 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Despite a 7% rebound on Monday, Trump Media has lost nearlythree-quarters (72%) of its value since peaking at $66.22 on March 27. The wipeout reinforces concerns raised by experts who have repeatedly warned that Trump Media’s multi-billion-dollar price tag defies logic. The company is losing money, generating very little revenue and Truth Social remains a relatively tiny player in social media. In August, Trump Media launched Truth+, a TV streaming platform on iOS, Android and the Web versions of Truth Social. It’s possible Trump Media’s stock market fortunes could turn, especially with the former president’s high-profile debate Tuesday with Harris.

Persons: Donald Trump’s, It’s, Trump, ” Matthew Tuttle, Barry Diller, ”, Reid Hoffman, Diller, Hoffman, Tuttle, Kamala Harris, Joe Biden, Harris, ” Tuttle, Still, you’re Organizations: New, New York CNN, Trump Media & Technology, Truth, Trump Media, Trump, Bloomberg, Tuttle Capital Management, CNN, CNBC, LinkedIn, Democratic, ” Trump Media Locations: New York

☆ The Washington Post is trying to fix one of the biggest problems
▼ + stars: | 2024-09-09 | by ( Brian Stelter | ) edition.cnn.com time to read: +3 min

New York CNN —The Washington Post is trying to fix one of its biggest problems: an outdated homepage loathed by its own staff. Lewis is under pressure to recapture paying subscribers and return the Post to profitability, a goal he says he is making progress on. More urgently, at the Post, the homepage redesign is a sign that the new management regime is moving quickly to make significant changes. Lewis was appointed publisher and chief executive in January and didn’t mince words about the beleaguered state of the Post. While Lewis hasn’t entirely recovered, he has used his weekly memos to tout progress in rebuilding the Post’s subscriber rolls.

Persons: Will Lewis’s, Jeff Bezos, Lewis, ”, “, Matt Murray, didn’t, Lewis hasn’t Organizations: New, New York CNN, Washington Post, The New York Times, Technology, Google Locations: New York, Washington, ”

☆ Big Lots files for bankruptcy
▼ + stars: | 2024-09-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed for bankruptcy. As part of its Chapter 11 filing, the retailer announced that private equity firm Nexus Capital Management is acquiring “substantially all” of Big Lots stores and business operations. Big Lots blamed several economic factors for its bankruptcy, including high inflation and interest rates. Big Lots is in the process of closing roughly 300 of its 1,400 store across the United States. Big Lots joins a growing list of well-known retailers hitting financial turbulence as customers cut back spending on non-essential items.

Persons: ”, Bruce Thorn, McDonald’s, it’s, Sarah Foss, ” Foss Organizations: New, New York CNN, Nexus Capital Management, Lots, Walmart, Debtwire, CNN Locations: New York, United States

☆ DirecTV is now paying customers to subscribe to competitors as Disney battle escalates
▼ + stars: | 2024-09-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —DirecTV wants its customers to stick with the service during an increasingly nasty dispute with Disney that threatens to black out tonight’s “Monday Night Football” game. So DirecTV developed an unusual strategy: It’s paying customers to subscribe to a rival. Affected customers of DirecTV, DirecTV Stream and U-Verse can get a free weeklong trial of Fubo for two of its packages that carry ESPN and Disney networks and an additional $30 off the first month of service. DirecTV is also giving its customers a $30 credit to sign up for Sling’s orange tier that includes ESPN channels. DirecTV said the deals are a “small way” to help customers while its fight over the expired distribution agreement with Disney stretches into a second week.

Persons: “ Disney, Venu ’, ’, Venu Sports, Fubo, Kamala Harris, Donald Trump, “, ’ ”, DirecTV’s, – CNN’s Robert Ilich Organizations: New, New York CNN, DirecTV, Disney, Sling, Dish Network, ABC, ESPN, Sunday, Federal Communications Commission, Fox Corp, Warner Bros, CNN, NFL Locations: New York

☆ 26% of homeowners say they are financially unprepared for extreme weather events, new survey finds
▼ + stars: | 2024-09-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +2 min

A quarter of US homeowners (26%) said they are financially unprepared for extreme weather events, according to Bankrate, which surveyed a nationally representative sampling of nearly 1,300 homeowners at the end of July. Those most likely to say they were unprepared lived in the South (29%), the West (28%) and the Northeast (25%). While the majority of homeowners surveyed did have insurance, they don’t necessarily know whether it is adequate to cover the kind of extreme weather their area now faces. “Extreme weather has changed the insurance landscape, and understanding your home insurance policy coverage is more critical now than ever,” said Shannon Martin, a Bankrate analyst who specializes in insurance. “Many insurance companies have reevaluated how they rate extreme weather, and some have changed the perils they are willing to cover.

Persons: —, ”, Shannon Martin, ” Pare, ” Martin Organizations: New, New York CNN Locations: New York, United States

☆ Frequent flyer programs: The most profitable part of the airline industry
▼ + stars: | 2024-09-08 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

That’s because frequent flyer programs have become a crucial part of the airline industry’s profitability. The typical airline passenger probably never thinks about the economics of frequent flyer programs, but the programs have become crucial for airlines to generate the profits needed to stay afloat. United reported a mere $3.2 billion on its other operating line that came primarily on payments to its frequent flyer program. “The airlines’ frequent flyer programs are their lifeblood; they’re the reason the airlines are in business,” said Zach Griff, senior aviation reporter for The Points Guy, a travel site that closely follows the programs. But it’s probably inaccurate to say frequent flyer programs are more valuable than the airlines themselves since actual flights give the programs their intrinsic value, said Andrew Didora, airline analyst with Bank of America.

Persons: cardholders, ”, Zach Griff, Tom Fitzgerald, TD Cowen, “, it’s, Pete Buttigieg, Scott Kirby, Griff, Guy, Andrew Didora, Didora, “ They’re, ” Didora Organizations: New, New York CNN, Delta Air Lines, American Express, American Airlines, Delta, Department of Transportation, United, Airlines, America, Bank of America Locations: New York

☆ Boeing reaches deal with union to avoid strike
▼ + stars: | 2024-09-08 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Boeing and the Machinists union, which represents 33,000 of its employees on the West Coast, have reached a tentative deal that could avoid a strike that had been set to start this Friday. Before it will take effect, the deal would need the approval of the rank-and-file union members who build commercial jets. But leadership of the union praised the tentative deal and said it achieved the union’s goals. The deal represents Boeing’s biggest pay raise for union members. The deal also includes increased job security for union members with a promise to build the next new airplane at one of the union-represented plants in the Puget Sound region.

Persons: “, “ We’ve, ” Stephanie Pope, Max, ” Jon Holden, Brandon Bryant, Dave Calhoun, ” Calhoun, “ We’re, we’re, ”, Kelly Ortberg Organizations: New, New York CNN, Boeing, International Association of Machinists, Aerospace Workers, Boeing’s, Puget, Boeing Boeing, Alaska Airlines, UPS, General Motors, Ford, Union, ” Company Locations: New York, West Coast, South Carolina, Seattle, Portland , Oregon

☆ These Americans are trying to make ‘underconsumption core’ trendy
▼ + stars: | 2024-09-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

Enter underconsumption core, or a lifestyle that involves using just a small rotation of things for years rather than chasing the latest trend. Users are posting videos on TikTok showing off their underconsumption core lifestyles, with many receiving hundreds of thousands of likes. Experts say the underconsumption core trend isn’t just about maintaining a budget or wanting to get rid of stuff. Still, Americans are spendingDespite the underconsumption core trend’s popularity, spending in the US remains strong overall. Suzanne Lambert, a 32-year old consultant based in Virginia, says she canceled her subscription to a beauty box after watching underconsumption core videos.

Persons: “, ”, Megan Doherty Bea, Bea, Stanley, Diana Wiebe, Wiebe, ’ ”, Nikki Baird, Katrina Leibee, Leibee, ♬, Norah Jones Eleanor, Eleanor, June’s, Suzanne Lambert, Lambert, Scott Rick, Rick Organizations: New, New York CNN, University of Wisconsin - Madison, Savings, Kohl’s, ‘, Denver, CNN, Commerce Department, University of Michigan’s Ross School of Business Locations: New York, United States, Ohio, Utah, West Africa, Arlington , Virginia, Virginia

☆ Sub-$3 gas is making a comeback. Dozens of states could be below $3 by Thanksgiving
▼ + stars: | 2024-09-06 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Andy Lipow, president of consulting firm Lipow Oil Associates, expects that another nine states will join the sub-$3 list in the next two weeks. “Gas prices, after two-plus years of sizzling because of outside factors like Covid and Russia, are finally coming back into balance,” said De Haan. The accelerating drop in gas prices should help ease financial pressure on consumers and contribute to the cooling inflation rate. Some economists say gas prices will likely be a deciding factor, and lower prices will favor the current administration. ‘Panic and fear’ at OPECAnalysts told CNN that this trend of lower gas prices is likely to continue, despite the shift in strategy from OPEC+.

Persons: Andy Lipow, Patrick De Haan, ”, De Haan, Kamala Harris, “, ” Lipow, Bob McNally, McNally, George W, Bush, Trump, We’re, ” Trump, Tom Kloza, Kamala Harris ’, CNN’s Chris Isidore Organizations: New, New York CNN, AAA, Drivers, Lipow Oil Associates, CNN, “, Federal Reserve, OPEC Analysts, Rapidan Energy Group, OPEC, Trump, Oil Price Information Service Locations: New York, Texas , Kentucky, Kansas, OPIS, Russia, Arizona, Nevada, Georgia, OPEC, China, United States, Saudi Arabia, Ukraine, America

☆ Companies are caving to anti-DEI crusaders. That’s bad for business
▼ + stars: | 2024-09-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

(And in doing so, gave rise to a generation of hilarious “That’s why, for this pride month, I’ve partnered with” memes. But more damaging than the cringe of a tone-deaf tweet about diversity is when companies give up on the performance altogether. This week, Molson Coors, a longtime sponsor of Pride events and partner to LGBTQ+ nonprofits, joined the list. A Molson Coors representative declined to comment beyond the memo. Coors Light may have looked at its rival getting pummeled by right-wing pundits and feared being the next target.

Persons: CNN Business ’, Kendell Jenner, I’ve, John Deere, Davidson, Molson Coors, Coors, Robby Starbuck, ”, Nathaniel Meyesohn, Starbuck, George Floyd, Bud Light, Cait Lamberton, “, you’ve, pummeled, they’re, Tom Sebok, Molson, Sebok Organizations: CNN Business, New York CNN, Pepsi, Harley, Tractor Supply, Molson Coors, Molson, Human Rights, Coors, DEI, University of Pennsylvania’s Wharton School of Business, The New England Consulting Locations: New York, America, United States

☆ Selena Gomez is a billionaire
▼ + stars: | 2024-09-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Selena Gomez can now add becoming a billionaire to her long list of achievements. The 32-year-old actress, singer, investor and entrepreneur just achieved the financial milestone thus making her one of the youngest self-made billionaires in the United States, according to Bloomberg, which values her net worth at $1.3 billion. But her following has also helped her Rare Beauty line, putting her in the celebrity-led category of makeup brands dominated by Rihanna and the Kardashians. Gomez also has reportedly reached out to investors for Rare Beauty, seeking a $2 billion valuation. Gomez’s representative didn’t immediately respond to CNN’s request for comment.

Persons: New York CNN — Selena Gomez, influencers, Instagram, Cristiano Ronaldo, Lionel Messi, Gomez, didn’t Organizations: New, New York CNN, Bloomberg, Puma, Rihanna, Rare, Fund, Hulu Locations: New York, United States

☆ US Open ticket prices for the all-American men’s semifinal matchup are surging
▼ + stars: | 2024-09-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

The cheapest price to attend the Friday night match at Arthur Ashe Stadium is priced at $333 for one ticket, according to TickPick, an online secondary ticket marketplace. On average, fans are paying about $500 for the 7 pm ET match, which is the fifth-most-expensive US Open men’s semifinal on record, a TickPick spokesperson told CNN. Notably, the demand to see the lower-ranked American players is far greater than the matchup that features the No. Prices for Fritz vs. Tiafoe match are 231% more expensive for the cheapest ticket compared to the cheap seats for Sinner’s 3 pm ET match against Britain’s Jack Draper. The least-expensive prices for that match are hovering around just $80, and court side prices are about $1,500.

Persons: Taylor Fritz, Frances Tiafoe —, Arthur Ashe, Italy’s, Britain’s Jack Draper, Fritz, hasn’t Organizations: New, New York CNN, CNN, Fritz Locations: New York

☆ Cleveland Cliffs offers to buy unionized mills US Steel is threatening to close
▼ + stars: | 2024-09-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —US Steel is threatening to shutter a number of mills if the Biden administration blocks its sale to would-be Japanese buyer Nippon Steel. But another rival, Cleveland Cliffs, is offering to buy those mills from US Steel if President Joe Biden stops the deal. But those objections could be lessened if the alternative to Cleveland Cliffs buying the mills was their closure. Cleveland Cliffs said it has the financing in place to buy the threatened intergrated steel mills, which make steel from raw materials. Cleveland Cliffs CEO Lourenco Goncalves praised those reported plans to block the deal, even though they are not yet confirmed.

Persons: Biden, Joe Biden, Kamala Harris, Donald Trump, J.D, Lourenco Goncalves, “, ” Goncalves, ” Organizations: New, New York CNN, Nippon Steel, Steel, United Steelworkers, Nippon, CNN, Cleveland Cliffs, US Steel, United, Commonwealth Locations: New York, Cleveland, Vance, Pittsburgh, United States, Pennsylvania

☆ OPEC+ extends oil output cuts again through November
▼ + stars: | 2024-09-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

This isn’t the first time OPEC+ has extended output cuts in a bid to boost crude prices. That same month, OPEC+ extended a cut of 1.65 million barrels per day announced in April 2023 until the end of 2025. Oil prices rose initially but settled slightly lower Thursday. Oil prices have declined this year despite continued output cuts and ongoing geopolitical tension in the Middle East. In June, the International Energy Agency said that a glut of oil supply could weaken the sway OPEC+ has over oil prices.

Persons: — Organizations: New, New York CNN, of, Petroleum, West Texas, Brent, International Energy Agency, IEA Locations: New York, OPEC, China, United States

☆ Telegram CEO says he was ‘surprised’ by his arrest and interrogation
▼ + stars: | 2024-09-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Durov was arrested at a Paris airport amid an investigation into suspected offenses related to criminal activity on Telegram, according to French prosecutors. Telegram, which Durov said had 950 million users, is used both as an everyday messaging tool and a way work around authoritative governments – but White supremacist groups and Isis also favor it. In the Telegram post Thursday, his first since his arrest, Durov acknowledged that the app’s “abrupt increase” in users caused growing pains that made it easier for criminals to abuse the platform. Durov noted the app refused to hand over “encryption keys” to Russia, resulting in a ban there. The app also was banned in Iran after the app refused to block channels used by protesters, he said.

Persons: Pavel Durov, Durov, Isis, We’ve, ” Durov, “, ’, ”, Francini, Emmanuel Miculita, Anna Chernova, Zahid Mahmood Organizations: New, New York CNN —, Prosecutors Locations: New York, Paris, Switzerland, Russia, Iran

☆ The Trump policy that freaks out economists the most
▼ + stars: | 2024-09-05 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

New York CNN —Former President Donald Trump wants to spend trillions of dollars on tax cuts. “It’s enormously protectionist and terrible economic policy,” said Holtz-Eakin, who served as an economic adviser to former President George H.W. The cost of the Trump tax cutsTrump has called for extending his signature 2017 tax cuts, which expire next year if no action is taken by Congress. Trump has argued that extending the tax cuts will boost the economy, create jobs and help families. The Trump campaign has not detailed significant spending cuts or tax hikes to offset these tax cuts.

Persons: Donald Trump, Trump, Goldman Sachs, Kamala Harris, Goldman, “, ” David Kelly, Kelly, “ It’s, ”, ’ Trump, Douglas Holtz, Eakin, Holtz, George H.W, Bush, GOP Sen, John McCain, Mark Zandi, ” Zandi, Karoline Leavitt, they’ll, ” Leavitt, Trump’s, ” Harris, “ Donald Trump, ” Brian Nelson, Harris, Kimberly Clausing, Mary Lovely, ” Trump, Joe Biden, Penn, Penn Wharton, The Trump, CNN’s Katie Lobosco Organizations: New, New York CNN, Asset Management, CNN, America, New York Economic Club, American, GOP, Moody’s, Trump, Peterson Institute for International Economics, Peterson Institute, US Customs, Louis Federal Reserve, Biden, Congress, Princeton University, University of Chicago, Harvard University, US Treasury Department, Penn Wharton Model, Social Security Locations: New York, United States, China, America

☆ Nvidia has more than just billions of dollars in value to lose if its stock keeps falling
▼ + stars: | 2024-09-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Nvidia, the nearly $3 trillion AI chip maker, is well known as a “golden handcuffs” employer. It’s worked especially well for Nvidia, a 30-year-old tech company whose specialized chips now account for 90% of AI-related chip sales. Since 2019, Nvidia’s stock has soared 3,000% — minting millionaires among its rank and file. Things got worse for Nvidia on Tuesday, when shares fell 9.5%, wiping $279 billion off its value. As my colleague David Goldman noted, only 27 companies on Earth are worth as much as Nvidia lost on Tuesday.

Persons: CNN Business ’, It’s, Jensen Huang, Per, David Goldman Organizations: CNN Business, New York CNN, Nvidia, Bloomberg, Santa, Per Bloomberg, Wall, Google, Competition Locations: New York, ”

☆ White House condemns Tucker Carlson ‘Nazi propaganda’ interview as ‘disgusting and sadistic insult’
▼ + stars: | 2024-09-05 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

Elon Musk, who promoted the interview on his social media platform, X, calling it “Very interesting. “Hitler was one of the most evil figures in human history and the ‘chief villain’ of World War II, full stop,” Bates wrote. Several conservative columnists have raised questions about whether Vance will move forward with the appearance in light of the Cooper controversy. In a statement, the Vance campaign sought to distance the candidate from the interview. “Senator Vance doesn’t believe in guilt-by-association cancel culture but he obviously does not share the views of the guest interviewed by Tucker Carlson,” Vance campaign spokesperson William Martin told CNN in a statement.

Persons: Biden, Tucker Carlson, Darryl Cooper, ” Cooper, Winston Churchill, Cooper, “, Carlson, Elon Musk, ”, Andrew Bates, Adolf Hitler, Churchill, “ Hitler, ’, ” Bates, “ The, Harris, ” Jonathan Greenblatt, Carlson’s, ’ ”, vlogger, Alex Jones, Donald Trump’s, JD Vance, Vance, Vance doesn’t, ” Vance, William Martin, CNN’s Alayna Treene Organizations: New, New York CNN, Nazi, CNN, “ The Biden, Harris Administration, Defamation League, Fox News, Republican Party Locations: New York, United States, British, Poland, Milwaukee, Hershey , Pennsylvania

☆ Why investors are on edge ahead of Friday’s jobs report
▼ + stars: | 2024-09-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —Wall Street is eyeing what could be the most consequential economic data report in months due out Friday. At the same time, Wall Street is looking for signs that the job market is cooling steadily, rather than plummeting into conditions for a recession. That uncertainty has been palpable in recent days as Wall Street parsed several economic reports before Friday’s main event. Big Tech shares gained Thursday, but suffered steep losses earlier this week. Tesla, the only Magnificent Seven tech stock up for the week, has jumped 7.5%.

Persons: That’s, Jerome Powell, “, ”, Christopher Larkin, Morgan, Stocks, Dow, BeiChen Lin, Tesla Organizations: New, New York CNN, Federal Reserve, Nasdaq, Institute for Supply Management, “, Russell Investments, Big Tech, Apple, Meta, Microsoft, Organization of, Petroleum Locations: New York, China

☆ New York Times publisher A.G. Sulzberger sounds the alarm on Trump using authoritarian anti-press ‘playbook’
▼ + stars: | 2024-09-05 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

New York CNN —A.G. Sulzberger, the New York Times publisher, sounded the alarm Thursday on the “quiet war” against press freedoms unleashed by authoritarians around the world and said Americans should understand the anti-media “playbook” that Donald Trump might employ in a second term. “The effectiveness of this playbook should not be underestimated,” Sulzberger wrote. “I believe the risk is shared by our entire profession, as well as all who depend on it,” he wrote. The collaboration makes a clear statement about the importance of solidarity in the face of existential threats to press freedom. “They’ve been a great partner on the cause of press freedom over many decades and it’s great to see that tradition continue.”

Persons: New York CNN — A.G, Sulzberger, authoritarians, Donald Trump, Trump, “, ”, ” Sulzberger, –, “ I’m, “ They’ve Organizations: New, New York CNN, New York Times, Times, Washington Post, Hungary —, Columbia, Trump’s, Post Locations: New York, Hungary, India, Brazil

☆ Walmart is taking dollar stores’ customers
▼ + stars: | 2024-09-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Dollar Tree also owns the long-struggling Family Dollar chain. While dollar stores once expanded to reach a growing number of financially strapped Americans, they underestimated just how financially strapped many Americans would become. “They missed the fact in tough times the consumer would be looking for consumables.”Meanwhile, Dollar Tree has been weighed down by its purchase of Family Dollar. Earlier this year, Dollar Tree announced that Family Dollar will close more than 900 stores, and it subsequently said it will explore a sale or spinoff of Family Dollar. In previous times of financial stress, Dollar General has seen middle-income and slightly more affluent households trade down into Dollar General to save money.

Persons: Michael Lasser, —, Todd Vasos, Vasos, Mike Creedon, aren’t, “ They’re, ” David D’Arezzo, “, ” Neil Saunders, ” Organizations: New, New York CNN, Walmart, UBS, Dollar General, Dollar, CNN, Target Locations: New York

☆ Most striking hotel workers are back on the job, but the strike continues in San Diego
▼ + stars: | 2024-09-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Most of the 10,000 hotel workers who went on strike during the busy Labor Day weekend have returned to work Wednesday, but one group of 700 union members in San Diego will stay on strike for the foreseeable future. Those workers, employed at the Hilton San Diego Bayfront, will remain on strike until there is a contract agreement, their union, Unite Here, says. The union has not ruled out using the same rolling strikes strategy this time, or expanding the strike to other locations. The strategy is intended to help workers keep as many days of pay as possible during a contract negotiation. Beyond the hotel workers, limited duration strikes have been used to win labor deals for school employees in Los Angeles, health care workers at Kaiser Permanente, janitors, nursing home employees and other workers in Minnesota who went on strike together in March.

Persons: Hilton San Diego Bayfront, spokespeople, Hilton, ”, Gwen Mills, Taylor Swift Organizations: New, New York CNN, Labor, Hilton San Diego, Hilton San, Hyatt, “ Workers, Union, Kaiser Permanente Locations: New York, San Diego, Hilton San Diego, Marriott, Los Angeles, Orange counties , California, Southern California, Europe, Kaiser, Minnesota

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