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☆ Macy’s is closing 150 stores
▼ + stars: | 2024-02-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: 1 min

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☆ Kellogg’s CEO faces backlash for saying people should eat cereal for dinner to save money
▼ + stars: | 2024-02-26 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

In an interview with CNBC last week, WK Kellogg CEO Pilnick said the company was advertising cereal for dinner to consumers looking for more affordable options. CNBC host Carl Quintanilla asked Pilnick if encouraging weary customers to eat cereal for dinner could “land the wrong way.”Pilnick thought the opposite. Cereal prices alone increased 28% since January of 2020, according to the Bureau of Labor Statistics. Food brands under fireDespite the CEO’s assurances, Kellogg’s advertisement and Pilnick’s comments have led to a backlash on social media. They note that boxes of popular cereals now cost more than $7 and cereal is not an adequate substitution for a full dinner.

Persons: New York CNN —, Gary Pilnick’s, WK Kellogg, Pilnick, Bran, ” Pilnick, hasn’t, Carl Quintanilla, Kellogg, TikTok, CorporateGreed ”, McDonald’s Organizations: New, New York CNN, CNBC, Wall Street, US Agriculture Department Food, Bureau of Labor Statistics Locations: New York, Darien , Connecticut

☆ US government sues to block largest supermarket merger in history
▼ + stars: | 2024-02-26 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices for consumers. The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years. With the FTC’s blessing, Haggen, a small supermarket chain in the Northwest with just 18 locations, bought 146 of the former Albertsons and Safeway stores. She criticized the FTC’s handling of Albertsons’ deal with Safeway, pointing to it as a prime example of the limitations of divestitures.

Persons: Harris Teeter, Fred Meyer, Kroger, Rodney McMullen, Henry Liu, Piggly, Khan, Lina Khan, Haggen, ” Khan, “ Organizations: New, New York CNN, Federal Trade Commission, Kroger, Albertsons, Safeway, Vons, Bureau of Labor Statistics, FTC, Walmart, Amazon, Costco, Competition, S Wholesale Grocers, Democrats, Republicans, Capitol Locations: New York, United States, Aldi, FTC’s, Northwest

☆ Gen Z and Millennials reinvent book clubs: Even Dua Lipa has one
▼ + stars: | 2024-02-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —From Dua Lipa to “silent” book clubs, Millennials and Gen Z are joining book clubs as a way to socialize. Many of these book clubs are not the stodgy ones of old, however, featuring wine and crackers in a host’s living room. Themed book club events, such as queer book clubs, saw an 82% increase in attendance in 2023, according to Eventbrite, while attendance at silent book clubs increased 23%. Phelan M. Ebenhack via APEventbrite is also seeing growth in romance book clubs, dating event book clubs and evening book club running groups, such as Read & Run Chicago. Gen Z favorite Dua Lipa has a book club.

Persons: BookTok, ”, Teri Coan, Phelan M, Ebenhack, “, Ashley Petty, “ It’s, Khaled Hosseini, Sarah J, Maas, Leigh Bardugo, Colleen Hoover, Noble, Samir Hussein, ” Coan, Gen, ” Barnes Organizations: New, New York CNN, Millennials, AP Eventbrite, Chicago, Afghan, Barnes, American Booksellers Association, Amazon Locations: New York, Dua Lipa, United States, Decatur , Illinois, Lipa, American

☆ Why the new Major League Baseball jerseys have players and fans furious
▼ + stars: | 2024-02-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —Major League Baseball players will be wearing new jerseys this season. Some players have complained that there are fewer tailored options available for pants, and the players’ union has reportedly raised criticism of the jerseys to Nike and MLB. (The Major League Baseball Players’ Association did not respond to CNN’s request for comment.) Teams retire their most important players’ jersey numbers. “This is joining that narrative.”Some NHL fans, like baseball fans, are worried about Fanatics’ deal with the NHL to produce authentic jerseys players wear in games because of concerns about quality, limited selection and prices.

Persons: Sam Navarro, ”, cringe, Stephen Andon, ” Andon, “, Nike, ” Jason Heyward, Rob Manfred, They’re, what’s, Paul Lukas, Billie Weiss, ” Lukas, ’, Andon Organizations: New, New York CNN — Major League Baseball, Nike, MLB, Louis Cardinals, Philadelphia Phillies, Mariners, USA, Reuters, Baltimore Orioles, Major League Baseball Players ’, Montclair State University, Los Angeles Dodgers, NFL, NBA, NHL, Topps, Mitchell, Sports, Uni Watch, Boston Red Sox, Adidas, Reebok, CNN Locations: New York, New St

☆ The barbarians have arrived at Macy’s gate
▼ + stars: | 2024-02-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Macy’s rejected an unsolicited $6 billion bid from an activist investor to take the famed department store private last month. Now, the activist group is taking another shot at Macy’s, launching a proxy fight to take control of the board. Last month, Macy’s announced it was laying off about 3.5% of its workforce, or roughly 2,350 employees. Macy’s said Tuesday it will evaluate Arkhouse’s proposed board candidates, but criticized Arkhouse and another activist investor, Brigade, in a statement. Arkhouse did not publicly disclose its plans for Macy’s, but analysts believed it would sell off Macy’s valuable real estate and perhaps take other actions, such as spinning off its e-commerce business.

Persons: New York CNN — Macy’s, Macy’s, Arkhouse’s, Arkhouse, “ Arkhouse, ” Macy’s, Macy’s “ Organizations: New, New York CNN, Arkhouse Management, Brigade Locations: New York

☆ Home Depot forecasts a weak 2024
▼ + stars: | 2024-02-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Home Depot, a bellwether of the housing market and US economy, said sales dropped over the winter and it’s a expecting a slow 2024. Sales at stores open for at least one year fell 3.5% last quarter, and Home Depot projects that sales will continue to decline 1% in 2024. “2023 was a year of moderation,” Home Depot CEO Ted Decker said in a news release Tuesday. Demand for home improvement has fallen due to high mortgage rates and a slowdown in new home construction. “One of the main issues [for Home Depot] continues to be a very sluggish housing market,” Neil Saunders, an analyst at GlobalData Retail, said in a note to clients Tuesday.

Persons: Ted Decker, ” Neil Saunders Organizations: New, New York CNN, Depot, GlobalData Locations: New York

☆ Why Walmart is buying Vizio
▼ + stars: | 2024-02-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

Walmart announced Tuesday that it’s buying TV maker Vizio for $2.3 billion to shore up its advertising business and create a more potent rival to Amazon’s booming ad business. The deal would give Walmart more ways to offer ads through Vizio televisions, as well as create entertainment options exclusively for customers with Vizio TVs. “We also believe it enables a profitable advertising business that is rapidly scaling,” Walmart US chief revenue officer Seth Dallaire said in a news release Tuesday. Walmart wants to move into the lucrative advertising space to supplement its low-margin retail business. Its advertising business reached $3.4 billion last year, but makes up less than 1% of its total sales.

Persons: Seth Dallaire, Roku Organizations: New, New York CNN, Walmart, Smart, Kroger, Target, Google, Facebook Locations: New York, America

☆ Five moves Walmart is making to overhaul its business for the future
▼ + stars: | 2024-02-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. Stock splitThe mega-retailer announced a 3-for-1 stock split that takes effect this week. A stock split means a single share gets split into multiple shares. Under the plan Walmart announced, people who own shares by close of business on February 22 will get two additional new shares of Walmart for every share they own.

Persons: Doug McMillon, Jeffries, “, ”, McMillon, Burt Flickinger, Blake Droesch, CNN’s Parija Kavilanz, Nathaniel Meyersohn, Elisabeth Buchwald, Alicia Wallace Organizations: New, New York CNN, Walmart, ”, Labor, Consumer, Microsoft, Strategic Resource, CNN, Costco, Telsey Group, Target, Intelligence, FactSet Locations: New York, Arkansas, Las Vegas

☆ Nike layoffs: Sportswear giant is cutting about 1,700 jobs
▼ + stars: | 2024-02-16 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —Nike will lay off about 2% of its employees, or close to 1,700 people, as the sportswear behemoth looks to cut as much as $2 billion in costs. In December, Nike slashed its revenue forecast and announced cost cuts amid growing concerns that consumers around the world are slowing their spending. The company said it was looking for up to $2 billion in savings over the next three years. Nike is also facing tough competition from upstart brands like Hoka and On Cloud. And Germany, the region’s biggest economy, shrank last year for the first time since the onset of the Covid-19 pandemic.

Persons: London CNN —, ”, Matt Friend, Nathaniel Meyersohn Organizations: London CNN, London CNN — Nike, Nike Locations: China, Europe, ” China, Germany

☆ Speed dating is making a comeback
▼ + stars: | 2024-02-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

Speed dating, singles mixers and other group dating parties have made a comeback since the Covid-19 pandemic ended as singles look to get off their screens and meet potential partners in person. Game-based dating events grew 163% in 2023 and athletic dating events like pickleball and spin classes saw a 135% rise on the platform. And it’s never been replicated.”Mixed feelings about dating appsOnline dating was stigmatized for years, but it’s now a primary form of dating. Still, online dating users are divided over whether their experiences on dating apps have been positive. Fifty-three percent of people say their personal experiences have been very or somewhat positive on dating apps, according to Pew.

Persons: Mike Blake, ”, Maria Avgitidis, Z, ” Avgitidis, “, ” Linda de Lucca, ” de Lucca, “ We’ve, it’s, Bumble, Yu Chun Christopher Wong, Justin McLeod, Rachel DeAlto Organizations: New, New York CNN, Valentine’s, Reuters, Baby Boomers, Pew, Financial, Match Group Locations: New York, New York City, Chicago, Los Angeles, United States, California, Millennials

☆ Your next landlord may be a pro sports team
▼ + stars: | 2024-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

But team owners in recent years have turned to real estate development to bring in extra cash and drive up the asset values of their franchises. “It makes perfect sense for a team owner to play real estate,” said Propheter. “That means that team owners do have a lot of leverage,” he said. “Stadium subsidies transfer wealth from the general tax base to billionaire team owners, millionaire players, and the wealthy cohort of fans” who regularly attend games. “Generally speaking, the people who come off well are the team owners and the developers,” Zimbalist said.

Persons: ”, Geoffrey Propheter, Daniel Slim, “, Andrew Zimbalist, Louis, Harry Cabluck, Bruce Ratner, Stan Kroenke, Matthew Grimes Jr, Steve Cohen, Mark Cuban’s, Adelson, “ I’m, ” Zimbalist Organizations: New, New York CNN, Professional, Billionaire, University of Colorado Denver, Sofi, Getty, Washington Wizards, Capitals, Sweet, Smith College, Riverfront, Busch, Baltimore Orioles, Camden, Barclays Center, Nets, Los Angeles Rams, “ Battery, Atlanta Braves, Golden State Warriors ’ Chase Center, Texas Rangers, Globe, Arlington, New York Mets, Hard, Citi Field . Dallas Mavericks, Vegas Sands Corp, Management Locations: New York, North America, Inglewood , California, AFP, Washington, Alexandria , Virginia, Cincinnati, St, Pittsburgh, Brooklyn, New Jersey, ”, “ Battery Atlanta ”, Truist, Atlanta, San Francisco, “, City, Arlington , Texas, ” Cuban

☆ Cutting in line used to be rude. More places now let you pay to skip it
▼ + stars: | 2024-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —Cutting in front of someone who’s been waiting patiently in line used to be unethical, bad manners, taboo. Dating app Tinder offers a new $499-a-month membership with a “skip the line” feature that prioritizes a dater’s profile. Snowbird and other ski resorts, in a controversial change, allow visitors who pay extra to access expedited ski lifts. Paying for privilegesPaying to skip the line is part of a booming industry of advantages — if you can afford them. There have always been VIPs and perks for wealthier customers: orchestra seats at theaters, boxes at stadiums and first class seats on airlines.

Persons: who’s, there’s, ”, Killington, Joe Raedle, Edward Tenner, Tenner, “, Don Munsil, Disney, it’s, Sen, Ron Wyden, Gad Allon, Allon, that’s, ” Edward Tenner, “ You’re Organizations: New, New York CNN, TSA, Universal Studios, Disney, Oregon, University of Pennsylvania Locations: New York, Bachelor’s

☆ Rising crime risks turning Oakland into a ‘ghost town.’ Newsom is sending in reinforcements
▼ + stars: | 2024-02-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

The aim: to crack down on crime, including vehicle theft, retail theft and violent crime. The Oakland NAACP branch demanded elected leaders take action to ensure public safety, especially in predominately Black neighborhoods. Denny’s is shuttering its only location in Oakland after more than 54 years, citing public safety concerns. Motor vehicle theft increased by 29% and, since 2019, motor vehicle theft has shot upward by 105%, the study found. This variation “suggests local factors are becoming more significant.”There’s no easy answer to explaining why crime has increased in Oakland.

Persons: Gavin Newsom, ” Newsom, Nigel Jones isn’t, Jones, restauranter, there’s, ”, Shari Godinez, it’ll, ” It’s, Justin Sullivan, Kaiser Permenente, Kaiser, Clorox, Adam Gelb, Cindy Varela, “, she’s, Sheng Thao, Nigel Jones, “ I’m, Veronica Miracle, Jack Hannah, Kevin Flower, Jeffrey Kopp, Elizabeth Joseph Organizations: New, New York CNN, Oakland, San, Patrol, Kingston, Oakland NAACP, CNN, Criminal, Police, Zona Latina, . Solutions Police, Business Locations: New York, America’s, Oakland, San Francisco Chronicle, California, United States, Jamaica, Calabash, ”, Black, downtowns, Koreatown Northgate, American, “

☆ It’s not just the Super Bowl. Catching a game is becoming unaffordable
▼ + stars: | 2024-02-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

In 2023, the average NFL ticket climbed 8.6% to $120, according to Team Marketing Report, a sports market research company. Allegiant Stadium in Las Vegas, home of the Super Bowl, is the third smallest NFL stadium. The closing of the upper deck in Oakland helped the Athletics raise ticket prices during the early 2000s, for example. Five of the most recent seven NFL stadiums have seating for 71,000 or less. Relatively small, that ranks it 27th out of 30 NFL stadiums in capacity.

Persons: ”, Victor Matheson, Lionel Messi’s, Todd Kirkland, ” Matheson, Kirby Lee, Dennis Coates Organizations: New, New York CNN, Super, NFL, College of, Nebraska, Lionel Messi’s MLS, Atlanta Braves, Bureau of Labor Statistics, BLS, Ticketmaster, New York Yankees, USA, Reuters, Athletics, Oakland, Las, University of Maryland, Minnesota Twins, Florida Marlins, NFL’s Raiders, Kansas City Chiefs, San Francisco 49ers Locations: New York, Las Vegas, Oakland, Baltimore County

☆ Asian Cup: Son Heung-min’s dazzling extra-time free kick seals South Korea’s dramatic passage to semifinals
▼ + stars: | 2024-02-03 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —A dazzling extra-time free kick from talisman and captain Son Heung-min sealed a dramatic victory for South Korea in the Asian Cup quarterfinals against Australia, continuing its habit of nervy, sensational finishes in this tournament. And against Australia, South Korea was trailing 1-0 almost four minutes into stoppage time. “The most important thing is we get the result,” Son said afterwards, per the Asian Cup website. Son's goal sealed South Korea's place in the Asian Cup semifinals. Xia Bohan/VCG/Getty Images“It was another drama,” said South Korea manager Jürgen Klinsmann, according to the Asian Cup wesbite.

Persons: Son Heung, Cho Gue, Son, Hwang Hee, Matty Ryan, ” Son, Craig Goodwin, Jo Hyeon, Connor Metcalfe, Goodwin, Nathaniel Atkinson, Jo, Graham Arnold, Aidan O’Neill, Xia Bohan, ”, Jürgen Klinsmann, “ I’m, Jordan Organizations: CNN, South, Australia, Warriors, Tottenham, Kyodo, Socceroos, Taegeuk Locations: South Korea, Saudi Arabia, Australia

☆ Pacific Islands Need to Boost Digital Security to Join Undersea Cable, Says US Official
▼ + stars: | 2024-01-30 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Kirsty NeedhamSYDNEY (Reuters) - Pacific Islands nations that want to connect to U.S.-funded undersea cables will need to secure their digital ecosystems to guard against data risks from China, a senior U.S. State Department official said. The United States pledged last year to jointly fund two undersea cables, to be built by Google, connecting the U.S. territory of Guam with hubs in Fiji and French Polynesia, and further branching out across remote Pacific Islands. The proposed intra-Pacific cable project has offered to branch out to Papua New Guinea, Samoa, Tuvalu, Fiji, Nauru, Marshall Islands, Kiribati, Cook Islands, Wallis and Futuna and the Federated States of Micronesia. China and the U.S. are jostling for influence in the Pacific Islands with competing offers for infrastructure. The Solomon Islands, which struck a security pact with Beijing, is rolling out a Chinese-funded mobile network built by Chinese telecommunications company Huawei.

Persons: Kirsty Needham SYDNEY, Nathaniel Fick, Kirsty Needham, Edwina Gibbs Organizations: Pacific, U.S . State Department, United, Google, Futuna, Federated, The U.S . Department of, Washington, Sydney, Huawei, Telstra, Microsoft, U.S Locations: U.S, China, Guam, Fiji, French Polynesia, Papua New Guinea, Samoa, Tuvalu, Nauru, Marshall Islands, Kiribati, Cook Islands, Wallis, Federated States, Micronesia, The, Solomon, Beijing, Australia, Asia, Pacific

☆ Everybody hates locked-up products. This company says it has a solution
▼ + stars: | 2024-01-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —People tend to hate going to a store and finding deodorant, toothpaste, shampoo, cosmetics and other everyday products locked up on shelves behind display cases. So some retailers are testing a way to let customers use their cell phones to open locked shelves. So stores are now testing a security tool that lets customers use their cell phone to unlock products on the shelf. Stores are now testing a security tool that lets customers use their cell phone to unlock products on the shelf. Earlier this month, Indyme’s website listed Kroger, Safeway, Lowe’s, Raley’s and other chains as retailers testing the security device.

Persons: ”, Joe Budano, Budano, “ We’ve, Raymond Burke, ” Burke, “ Organizations: New, New York CNN, Shoppers, Retailers, Indyme, Kroger, Safeway, Lowe’s, CNN, Indiana University, “ Locations: New York, St, Louis

☆ The next tallest building in America may be nowhere near New York
▼ + stars: | 2024-01-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —A group of developers wants to construct what would be America’s tallest building in an unlikely place: Oklahoma City. The skyscraper would be more than double the height of Oklahoma City’s tallest building now and the fifth-tallest building in the world. Between 2010 and 2020, Oklahoma City was one of 14 US cities that added more than 100,000 people. A city’s population is also a strong indicator of how tall its tallest building will be. “It’s not fathomable to me that Oklahoma City is ready for a building like that.”CNN’s Andy Rose contributed to this article.

Persons: Chicago’s Willis, ” Scot Matteson, ‘, David Holt, Stefan Al, “, ” “ I’m, ”, ” Al, Matteson, Jason Barr, Barr, ” Steve Agee, “ It’s, ” CNN’s Andy Rose Organizations: New, New York CNN, Oklahoma City, Oklahoma, Oklahoma City’s, Matteson, Trade, Hyatt, Bricktown, NBA’s Oklahoma City Thunder, CNN, “, Rutgers University, Newark, Devon Energy Center, Oklahoma City University Locations: New York, Oklahoma, United States, Chicago, Oklahoma City, “ Cities, ”

☆ Victims Describe Their Pain and Prisoners Apologize in Bali Bombing Trial
▼ + stars: | 2024-01-25 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

Relatives of tourists killed in the 2002 terrorist bombing in Bali, Indonesia, spoke of endless, devastating grief, and two prisoners who conspired in the attack renounced violence in the name of Islam on Thursday for a U.S. military jury assembled at Guantánamo Bay to deliberate their sentence. The prisoners, Mohammed Farik Bin Amin and Mohammed Nazir Bin Lep, both Malaysians, pleaded guilty last week to war crimes charges for conspiring with an affiliate of Al Qaeda that carried out the attack. He was born after his uncle, Nathaniel Dan Miller, 31, was killed in the bombing and read a statement written by the victim’s mother, his grandmother. Christopher Snodgrass of Glendale, Ariz., said the loss of his daughter, Deborah, 33, in the bombing and other “terrorist activities worldwide” left him despising “over 20 percent of the world population, Muslims. I’m a religious person, and the hate-filled person I have become is certainly not what I wanted.”

Persons: Mohammed Farik Bin Amin, Mohammed Nazir Bin, ”, Solomon Lamagni, Miller, Nathaniel Dan Miller, Christopher Snodgrass, Deborah, despising, I’m Organizations: Al Locations: Bali , Indonesia, Al Qaeda, London, Glendale, Ariz

☆ Customers have soured on self-checkout, and a new study says there’s proof
▼ + stars: | 2024-01-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

The study comes as some companies remove self-checkout machines and others adjust their self-checkout operations. Regular checkout also makes customers feel that they are receiving the service they are entitled to as customers of that store, the study found. “The saved effort during the checkout process and the customers’ sense of entitlement explain the effect of checkout type on customer loyalty,” the study said. Self-checkout, on the other hand, shifts the work to customers, making them feel less rewarded, the study found. At a handful of stores, Target has restricted self-checkout to customers buying 10 items or fewer.

Persons: ShopRite, “, Costco Organizations: New, New York CNN, Drexel University, of Business Research, Drexel, Walmart, Dollar, Target Locations: New York, United States, Britain, British, New Mexico, Delaware

☆ Macy’s rejects a $5.8 billion unsolicited takeover offer
▼ + stars: | 2024-01-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.”Last month, Arkhouse Management, a real estate-focused investing firm, and Brigade Capital Management, a global asset manager, offered to buy the remaining Macy’s shares it doesn’t own at a 32% premium. The company first opened in 1858 and now operates about 500 Macy’s branded stores, as well as 55 of the more upscale Bloomingdale’s chain. Macy’s has attempted numerous strategies in recent years to revitalize its business, such as new brands and smaller stores, but the moves have not altered its long-term trajectory. Its stock price has dropped 75% from a peak of $73 a share in 2015. Since then, it has closed nearly 300 stores — almost one-third — leaving about 700 across its brands.

Persons: New York CNN — Macy’s, “, ”, Jeff Gennette, ” Arkhouse, Arkhouse, ” Macy’s, Macy’s, CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Arkhouse Management, Brigade Capital Management, Brigade Locations: New York

☆ 15-year-old lands $100,000 'Shark Tank' offer for idea he had at age 8: 'You're a great example for kids'
▼ + stars: | 2024-01-22 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

You don't have to be a high school graduate — or an adult — to win over investors on ABC's "Shark Tank." "You're a great example for kids out there who want to be entrepreneurs," Mark Cuban added. "They're going to help us [with] prototypes, manufacturing, distribution ... They're going to get us in stores like Target, Walmart, Kroger and Costco." There's no way they're not going to buy you out."

Persons: Nathaniel Wellen, Wellen, Lori Greiner, Mark Cuban, Nathaniel —, Greiner, Barbara Corcoran, Kevin O'Leary, O'Leary, " O'Leary, Robert Herjavec, Herjavec, You've, Robert Organizations: Target, Walmart, Kroger, Costco, CNBC Locations: Los Angeles

☆ How the 1970s oil crisis created the right turn on red
▼ + stars: | 2024-01-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —In America, traveling through red lights on right turns has become a rule of the road. States introduced it as a gas-savings measure: The theory was that it would reduce idling at red lights. Right-on-red was a gas-savings tool during the 1970s oil crisis. There has been little national research in recent years on the effect of right-on-red turns on pedestrian safety. Banning right on red is not a “panacea for pedestrian safety problems,” Dumbaugh said, but could help prevent pedestrian and car accidents in busy intersections.

Persons: Woody Allen, Hall ”, he’d, Marty Lederhandler, Hyoung Chang, ”, Eric Dumbaugh, Jason Dozier, Bill Clark, RTOR, Banning, ” Dumbaugh, that’s, don’t Organizations: New, New York CNN —, AP, New York City —, Washington D.C, MediaNews, Denver Post, Florida Atlantic University, Atlanta City, Nationwide, Governors Highway Safety Association, Getty, Research, Atlanta, Republican, ” Locations: New York, America, California, Los Angeles, United States, New York City, Connecticut, Atlanta, Denver, Indianapolis, Raleigh, Washington, San Francisco, Indiana

☆ Applebee’s is offering a subscription pass for your date nights
▼ + stars: | 2024-01-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Applebee’s will offer a subscription date night pass for $200, beginning on Monday. The pass will cover roughly a year of weekly date nights, according to the company. Starting February 1 — about two weeks before Valentine’s Day — and ending on January 31, 2025, the pass is valid 52 times. That can cover two servings of all-you-can-eat boneless wings, riblets and shrimp – but the cost of margaritas will have to come out of your own pocket. The pass can be used for online orders, but cannot be used through third-party delivery orders — such as Doordash and Postmates.

Persons: New York CNN —, Applebee’s, Nathaniel Meyersohn Organizations: New, New York CNN, Valentine’s Locations: New York, New Jersey, Maryland, Florida, Ohio, South Dakota, Pennsylvania, Virginia, Texas

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