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☆ It’s not just you: McDonald’s really was in the news a lot this year
▼ + stars: | 2024-12-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —2024 may not have been the best or worst year ever for McDonald’s — but it was certainly a memorable one. Another Pennsylvania McDonald’s became the backdrop for the culmination of a massive manhunt this week, when an employee at an Altoona location alerted police to a patron who resembled the suspected gunman who killed UnitedHealthcare’s CEO in Manhattan last week. In that way, McDonald’s became a kind of scapegoat for people who were exhausted of stretching their budgets to afford food and suspecting (not without reason) that corporate greed was at least partly to blame. “We’re always living in some way with McDonald’s,” she noted. “And I think in a lot of ways, we’re all working for McDonald’s — whether we work in a restaurant or not.”

Persons: CNN Business ’, Kamala Harris, Donald Trump, Pennsylvania McDonald’s, Grimace, Marcia Chatelain, ”, ” Chatelain, “, ” Trump, Doug Mills, McDonald’s, It’s, Chatelain, “ We’re Organizations: CNN Business, New York CNN, Republican, Democratic, Major League Baseball, Mets, Yankees, University of Pennsylvania Locations: New York, Bucks County , Pennsylvania, Pennsylvania, Altoona, Manhattan, Brooklyn , New York, Black America, Feasterville, Trevose , Pennsylvania, America

☆ How accepting virtual cards can help you enhance business relationships
▼ + stars: | 2024-12-11 | by ( Sponsored American Express | ) www.businessinsider.com time to read: +8 min

Simply stated: Manual processing of virtual cards leaves room for human error and costs these businesses time, money, and resources. Boost Intercept is Boost's patented straight-through-processing solution, which helps streamline businesses' payments of American Express virtual Cards by automating the process. Customers may cancel theNew York: The American Express One AP® service is a money transmission service provided by American Express Travel Related Services Company, Inc. (American Express). California: The American Express One AP® service is a money transmission service provided by American Express Travel Related Services Company, Inc. (American Express). Georgia: The American Express One AP® service is a money transmission service provided by American Express Travel Related Services Company, Inc. (American Express).

Persons: Colleen Taylor, Dean M, Leavitt, It's, acquirer Organizations: American Express, Suppliers, Payment Solutions, Intercept, American, Insider Studios, Mercator Advisory, Express ®, Corporate, Services Company, Inc, Express, New York State Department of Financial Services, Georgia Department of Banking, Finance Locations: U.S, York, California, Georgia

☆ Shares in fashion giant behind Zara and Massimo Dutti plunge as it reports disappointing sales growth
▼ + stars: | 2024-12-11 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

Inditex sales grew 9% in five weeks to December 9, the start of the traditional holiday shopping period. Shares fell over 7% on Wednesday off the back of the results, which missed analyst expectations. Analysts at Deutsche Bank called the results "disappointing" in a note to clients. AdvertisementShares in the Madrid-listed fashion giant — which also owns Bershka and Massimo Dutti — dropped as much as 7% on Wednesday after it missed analyst estimates. Net income rose 8.5% to €4.4 billion ($4.62 billion) in the nine-month period, falling below the €4.52 billion ($4.74 billion) forecast by analysts.

Persons: Massimo Dutti —, James Grzinic, Zara, Louis Vuitton, Christian Dior —, Kering, Saint Laurent — Organizations: Deutsche Bank, Jefferies, Louis, Gucci Locations: Madrid, Zara

☆ Macy’s is in deep trouble. It could be sitting on a goldmine
▼ + stars: | 2024-12-10 | by ( Nathaniel Meyersohn | Chris Isidore | ) edition.cnn.com time to read: +6 min

“Macy’s owns valuable real estate holdings,” Barington said in a presentation posted online. They say Macy’s can squeeze more value out of its real estate by paying rent to a subsidiary controlling the property. The company could also sell space to developers to build on Macy’s real estate, like hotels, apartments or offices. The real estate value locked up in Macy’s retail locations is not a new discovery —investors and developers have long sought to build atop Macy’s Herald Square location, and Macy’s has proposed an office tower above the store. The investors planned to take Macy’s private and consider spinning off its real estate assets or separating its online operations from brick-and-mortar stores.

Persons: New York CNN —, Macy’s, “ Macy’s, ” Barington, Michael M, ” Macy’s, Mark Cohen, ”, Barington, Thor, Eddie Lampert, Taylor, TJ Maxx Organizations: New, New York CNN, Barington Capital, Herald, Investor, Sears, Columbia Business School, Kmart, Sears Holdings, RadioShack, Sports Authority, Nordstrom, JCPenney, Walmart, Target, Arkhouse Management, Brigade Capital Management Locations: New York, New York City, Macy’s, Square, United States

☆ Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis after CEO's exit
▼ + stars: | 2024-12-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Kuniskis, who retired from the automaker earlier this year, will once again lead the company's Ram Trucks brand, according to two sources familiar with the decision. A main lever is for the Ram brand to have its CEO singularly focused on that brand," the company said in an emailed statement confirming the appointment. Kuniskis, who has overseen several of the carmaker's brands in North America, had led the company's Ram and Dodge brands before retiring. Kuniskis is arguably best known for leading Dodge for most of the last decade or so. Kuniskis' return was announced in conjunction with several other changes for the automaker's North American operations.

Persons: Tim Kuniskis, Kuniskis, Ram, Carlos Tavares, company's Ram, Dodge, Chris Feuell, Alfa Romeo, Jeff Kommor, Larry Dominique, Alfa, Tavares Organizations: DETROIT, CNBC, Dodge, Challenger, Chrysler, Alfa Locations: North America, American, Stellantis

☆ Here are 4 things we’re watching in the stock market in the week ahead
▼ + stars: | 2024-12-08 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Technology stocks stood tall in the first week of December trading, helping the S & P 500 and Nasdaq Composite finish Friday's session at record closing highs. The S & P 500 closed nearly 1% higher. .IXIC .SPX 1M mountain The Nasdaq Composite versus the S & P 500 over the past month. Salesforce and Broadcom contributed to the S & P 500's technology sector being one of three to finish the week in positive territory, adding 3.4%. The remaining eight sectors in the S & P 500 ended the week lower, led to the downside by energy, utilities, and materials.

Persons: Brian Thompson, Dow Jones, —, Salesforce, Apple, we'll, they'll, Jerome Powell's, LSEG, we're, We're, Morgan Stanley, OLLI, Buster's, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Nasdaq, Dow Jones, UnitedHealth, Dow, Federal, Commerce, Broadcom, Bloomberg, Apple, Tech, Tesla, Amazon, Netflix, Club, PPI, Costco, VMWare, Toll, Casey's, Academy Sports, Brands, GameStop, CNBC, Getty Locations: New York City, U.S, Wells, New York

☆ Lululemon Faces Mixed Analyst Views Amid Flat U.S. Sales and International Growth
▼ + stars: | 2024-12-06 | 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 EmailLululemon Faces Mixed Analyst Views Amid Flat U.S. Sales and International GrowthAnna Andreeva from Piper Sandler and Janine Stichter from BTIG discuss Lululemon's earnings. Andreeva maintains a neutral rating due to flat U.S. sales and potential margin erosion from marketing investments. Stichter is more optimistic, citing international growth and improvements in the U.S. business, particularly in women's products and leggings. Both analysts acknowledge the competitive landscape and the need for Lululemon to invest in marketing to sustain growth.

Persons: Anna Andreeva, Piper Sandler, Janine Stichter Organizations: . Sales Locations: U.S

☆ The housing shortage is so bad older homes are almost as expensive as brand-new ones
▼ + stars: | 2024-12-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

Older homes are now nearly as expensive as new builds. For the last half-century, newly-built homes in the US have sold for much more, on average, than older homes. But these days, new homes for sale are less expensive per square foot than existing homes. Overall, newly constructed homes are selling for just 3% more than older homes, down from an average of 16% more since 1968, The Wall Street Journal reported. The costs of building materials and construction labor are elevated, which makes repairing or renovating older homes much more expensive.

Persons: Lawrence Yun, Freddie Mac Organizations: Street Journal, Harvard, National Association of Realtors, NAR, National Association of Homebuilders Locations: Midwest, West

☆ Super Micro gets Nasdaq listing extension, says it can file financials by February
▼ + stars: | 2024-12-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Super Micro said it expects to be able to file the reports by the deadline. Sales have surged because Super Micro is one of the top vendors for Nvidia -based computer clusters for artificial intelligence. In October, Ernst & Young resigned as the company's auditor, and Super Micro named BDO to the position last month. On Monday, Super Micro said it had completed an internal probe overseen by a board member that had found no evidence of misconduct. Super Micro was previously delisted from the exchange in 2018.

Persons: Ernst & Young, Hindenburg, David Weigand Organizations: Nasdaq, U.S . Securities, Exchange, Nvidia, Micro, BDO, Hindenburg Research, Super Micro

☆ Lululemon stock jumps as international growth helps to offset slowing U.S. sales
▼ + stars: | 2024-12-05 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Lululemon 's U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year. For the all-important holiday shopping quarter, Lululemon is expecting revenue to be between $3.48 billion and $3.51 billion, representing growth of 8% to 10% from the prior year. Analysts were expecting revenue of $3.50 billion, or growth of 9.1%, which is roughly in line with the midpoint of the guidance, according to LSEG. The company has turned to China for growth, which so far is lifting sales across the overall business. Company-wide comparable sales grew 4% during the quarter, ahead of the 3.2% growth Wall Street was anticipating, according to StreetAccount.

Persons: Lululemon, it's, It's, LSG It's, Levi, Alo Yoga, Calvin McDonald, Lululemon's, Sun Choe Organizations: LSEG, Nike, V.F . Corp Locations: China, U.S, Americas

☆ 16 large US cities where home prices are expected to soar as sales roar back to life
▼ + stars: | 2024-12-05 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Here are 16 cities set for double-digit property price growth, as forecasted by Realtor.com. That's far above Realtor.com's recent call for 1.5% sales growth due to a slight slide in mortgage rates. Realtor.com forecasted price and sales growth for the 100 largest US real-estate markets. AdvertisementBelow are the 16 metropolitan areas that are set for double-digit home price growth next year, based on Realtor.com's projections. Sales growth estimates are also listed.

Persons: Leo Pareja Organizations: Buyers, Realtor.com, Homeowners, eXp, Sunshine State, Jacksonville Locations: That's, Florida

☆ Stocks making the biggest moves premarket: Salesforce, Foot Locker, Pure Storage, PSQ Holdings & more
▼ + stars: | 2024-12-04 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Pure Storage — Shares surged 21% after Pure Storage beat fiscal third-quarter estimates and highlighted it won a contract with a major tech company. Foot Locker — The stock sank nearly 15% after the sneaker giant posted an earnings and revenue miss. Chewy's $2.88 billion revenue came in line with estimates.

Persons: Salesforce, Jeff Davis, Charles Giancarlo, CNBC's, Piper Sandler, Locker, —, Okta, Donald Trump Jr, LSEG, Campbell, Mick Beekhuizen, Roku, Needham, Laura Martin, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Pia Singh Organizations: Marvell Technology, Marvell, Wall, JPMorgan, PSQ Holdings, General Motors, Detroit automaker, SAIC Motor Corp Locations: China

☆ Stocks making the biggest moves midday: JetBlue, Eli Lilly, Pure Storage, Salesforce and more
▼ + stars: | 2024-12-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Dollar Tree posted adjusted earnings of $1.12 per share, while analysts polled by FactSet sought $1.07 per share. Salesforce — Salesforce shares popped about 8% after the company posted a third-quarter revenue beat and gave subscription revenue numbers that exceeded analysts' estimates. Pure Storage — Shares of the data storage management company rallied nearly 24% after Pure Storage announced a contract with an unnamed "top four" artificial intelligence hyperscaler. Foot Locker — The sneaker giant's shares fell more than 6% after the company reported an earnings and revenue miss. The stock surged 270.4% to $7.63 after the company announced that Donald Trump Jr., the eldest son of the president-elect, is joining PSQ's board.

Persons: Needham, Laura Martin, Jeff Davis, FactSet, Eli Lilly —, Eli Lilly's, Salesforce, Okta, Campbell's, Mick Beekhuizen, Locker, Donald Trump Jr, Yun Li, Jesse Pound, Hakyung Kim Organizations: JetBlue Airways —, JetBlue, Wegovy, LSEG, Marvell Technology, Wall, JPMorgan, PSQ Holdings

☆ This year's Cyber Monday just shattered e-commerce records
▼ + stars: | 2024-12-03 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Cyber Monday was officially the biggest online-shopping day ever, according to fresh data from Adobe and Salesforce. The average order value on Cyber Monday rang in at $124 per transaction and included 3.5 items, Salesforce found. Mobile sales accounted for more than half of the Cyber Monday total, Adobe found. Online shoppers were also busier than usual in the days leading up to Monday — now called Cyber Week — with Thanksgiving and Black Friday seeing considerable sales growth over last year. Adobe expects total US holiday sales this year to top $240 billion, up 8.4% from last year.

Persons: Caila Schwartz, Schwartz, Salesforce, Salesforce's Schwartz, —, Vivek Pandya Organizations: Adobe, Mobile

☆ Salesforce surges on revenue beat, AI growth prospects – here's our new price target for the stock
▼ + stars: | 2024-12-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

But most importantly, the company showed that Agentforce, its new AI platform, may kickstart revenue growth in the future. CRM YTD mountain Salesforce's stock performance in 2024. With the stock up more than 10% to $360 per share in extended trading, we are increasing our price target to $400 from $300. Wall Street is willing to look past Salesforce's slight miss on adjusted EPS because of the upbeat revenue performance. Guidance For the fiscal fourth quarter, Salesforce expects revenues of $9.9 billion to $10.1 billion.

Persons: Salesforce, Agentforce, Salesforce's, it's, Marc Benioff, Jim Cramer, Benioff, Amy Weaver, Weaver, Jim Cramer's, Jim, Marlena Sloss Organizations: Revenue, LSEG, SAP, Microsoft, Agentforce, CNBC, Bloomberg, Getty Locations: London's, Agentforce, Salesforce, San Francisco , California

☆ Respecting an overbought market, we're booking profits in an AI leader facing competition
▼ + stars: | 2024-12-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following Monday's trade, Jim Cramer's Charitable Trust will own 235 shares of MSFT, decreasing its weighting to roughly 2.85% from 3.12%. As a result of the rally, heading into the seasonably strong month of December, the market has become overbought, according to the S & P 500 Short-Range Oscillator . The Oscillator, which tracks trading momentum, climbed to plus 5.5.% after Friday's session Reading the Oscillator A reading above plus 4% indicates an overbought market that could be due for a rest or consolidation. When the stock market goes on a run like this and pushes into overbought territory, our discipline kicks in and we trim positions that have moved up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Donald Trump, OpenAI, Jim Cramer, Jim Organizations: Microsoft, CNBC Locations: Copilots

☆ Ditch all the negativity: Here's what can go right to lift each of our 34 stocks
▼ + stars: | 2024-11-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +20 min

To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.

Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, –, Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, –, New York City

☆ The Container Store could be the next big chain to go bankrupt
▼ + stars: | 2024-11-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —Even the power of Marie Kondo may not be enough to save the Container Store. In 2019 and 2020, the Container Store got a big boost from “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Credit rating agencies rank the Container Store as one of the most financially distressed companies in the retail industry. The Container Store had been set to receive a much-needed $40 million financial lifeline from Beyond, the owner of Bed Bath & Beyond and Overstock.com, that would have put Bed Bath & Beyond products on Container Store shelves. “The rise of platforms like Temu have given consumers some much cheaper options for the type of products Container Store sells,” Saunders said.

Persons: Marie Kondo, Kondo, Marie, Melissa Reiff, Joann Fabric, Justin Sullivan, Tim Hynes, ” Neil Saunders, Satish Malhotra, “, ” Saunders, Christina Boni, ”, “ It’s Organizations: New, New York CNN, Netflix, Research, Bed, GlobalData, CNN, Target, Container, ModernRetail, Walmart, Moody’s Locations: New York, Amazon

☆ The top 10 things to watch in the stock market this Black Friday
▼ + stars: | 2024-11-29 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

The top 10 things to watch Friday, Nov. 29 1. (Anything above a plus 4% would indicate the market is overbought; anything below a minus 4% would indicate the market is oversold.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Chona Kasinger | Bloomberg | Getty ImagesThe top 10 things to watch Friday, Nov. 29

Persons: Biden, Wedbush, —, Lina Kahn, Donald Trump, Kamala Harris, CNBC's Gabrielle Fonrouge, Harris, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Chona Kasinger Organizations: Treasury, Bloomberg, Federal Trade Commission, Microsoft, FTC, Trump White House, Reuters, National Retail Federation, Deloitte, President, Trump, Walmart, Target, Dick's Sporting Goods, Costco, CNBC, Jim Cramer's Charitable, Getty Locations: China, Australia, Redmond , Washington

Learn moreTracking down the actual best Black Friday deals isn't for the faint-hearted or inexperienced. View at Amazon What we like Check mark icon A check mark. View at Nugget What we like Check mark icon A check mark. Play couch comes in 20 colors and ottoman is available in 10Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Persons: isn't, whittle, we're, Apple, you've, Max, Harry Potter, Max Hulu, We'd, I’ve, Talia Ergas, Puffer, Abercrombie & Fitch, Bonobos, fryer, Ninja Air Fryer, you'll, it's, There's, Apple AirPods, Dyson, Cord, Rihanna, shea Organizations: Business, Apple, Verizon, Amazon Apple, Verizon Apple, Max, Apple Watch, Google, Samsung, Disney, Disney Plus, Hulu, Disney Max, NBC, Football, Peacock Paramount, Paramount, CBS, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, Paramount Paramount, Paramount Plus, Paramount Starz, Starz, LG, Smart, Dolby, Amazon LG, Walmart, Amazon, Brands, Abercrombie & Fitch, Abercrombie, Fitch, Abercrombie &, Chino, Nike Air Jordan, Jordans, Nike, Black, Big, Shark, Joybird, Ninja Air, Ninja Air Fryer XL, VR, Meta, Sony, Amazon Sony PS5, Amazon Sony PlayStation, Amazon Samsung, Nova, Nova Pro, Mint Mobile, Mobile, Mint Mobile Samsung Galaxy, Galaxy, XL, Gemini, Dell, Dell Lenovo, Samsung Galaxy Watch, Google Pixel Watch, HP, Amazon Sony WH, WH, Dyson, Army, Navy Locations: Tempur, Balsam

☆ How Amazon revamped its AI-sales machine to compete with OpenAI, Microsoft, and Google
▼ + stars: | 2024-11-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

AdvertisementAWS faces competition from OpenAI, Microsoft, and Google in AI, risking its cloud dominance. It offers new financial incentives for AI sales. "This is a great time to partner with our sales teams for this #OneTeam effort," AWS said in an internal memo obtained by Business Insider. Many AWS sales teams have new performance targets tied to AI products. The Find One, Launch One, Ramp One initiative includes AWS sales architects.

Persons: Matt Garman, Einat Weiss, they're, salespeople, Garman, AWS's, Microsoft Satya Nadella, Justin Sullivan, Q, hasn't Organizations: Microsoft, Google, North, Business, AWS, Messaging, Amazon, BI, there's, Amazon Connect Locations: OpenAI, North America

☆ How China Became the World’s Largest Car Exporter
▼ + stars: | 2024-11-29 | by ( Agnes Chang | Keith Bradsher | ) www.nytimes.com time to read: +11 min

How China Became the World’s Largest Car ExporterChina 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 Source: Alix Partners Note: 2024 values are estimated. Domestic sales 20 Exports 0 2010 2015 2020 2024 Production capacity 40 million cars Car production capacity has risen faster than sales. Mr. Wen gave him essentially a blank check to make China the world’s leader in electric cars. Last year, most of the cars China sold abroad were traditional gasoline engine cars. China has more than 100 factories with a combined capacity to build close to 40 million internal combustion engine cars a year.

Persons: Alix, Donald J, Trump, Wen Jiabao, Wen, Carmakers Organizations: China, Japan Mexico Germany South, Alix Partners, European Union, China’s, Communist Party, Wan, Audi, America, UNITED STATES, BRAZIL, UBS, China Volkswagen, Volkswagen Locations: China, Japan Mexico Germany, Japan Mexico Germany South Korea, States, United States, Asia, Thailand, Philippines, Germany, Europe, Southeast Asia, Shanghai, Russia, Ukraine, Latin America, TURKEY, India, Brazil, Turkey, U.S

☆ The Evening: Holiday Shopping Got Off to a Cautious Start
▼ + stars: | 2024-11-29 | by ( Justin Porter | ) www.nytimes.com time to read: 1 min

Shoppers headed into Black Friday weekend searching for deals and being choosier about their spending, retailers said, even as data suggested that consumer spending was still strong. Early data on online spending released today showed consumers were being drawn to discounts. Shoppers spent $6.1 billion on Thanksgiving, according to Adobe Analytics, around a 9 percent increase over last year. The spending patterns are separating retailers into winners and losers. Walmart is emerging as one of the winners, reporting that its U.S. sales had increased 5 percent in its most recent quarter.

Organizations: Adobe Analytics, Walmart

☆ Opinion | Saving Electric Vehicles From Donald Trump
▼ + stars: | 2024-11-27 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Trump Seen as a Threat to E.V. Sales” (Business, Nov. 26):It is ironic that President-elect Donald Trump, who claims he will make America great again, wants to kill offshore wind and electric cars. President Biden tried hard to get American industry back into the green transition by promoting domestically built green energy and electric cars. Mr. Trump apparently wants to turn it all over to China. The green transition will happen regardless of what Mr. Trump thinks.

Persons: Trump, Donald Trump, Biden, Eric Weaver Berkeley, Donald Trump’s, Mary Barra, Joe Biden’s Organizations: Trump : Force, General Motors Locations: China, American, Calif

In college, Shaan Patel used $3,000 in extra scholarship money to start a business that now earns $150,000 per year in passive income. He used $3,000 in extra scholarship money to invest in the earliest stage of his company, Prep Expert, a digital SAT and ACT prep course company. We can learn three things from Patel about starting a business that earns $150,000 annually in passive income. His first class took place in the summertime, between school semesters, and included 18 high school students eager to raise their scores. Patel used that money to hire more employees who could create digital courses and provide real-time tutoring for high school kids who needed help in other subjects.

Persons: Shaan Patel, Patel, Mark Cuban, —, you'll, weren't, doesn't Organizations: SAT, ACT, Service, Ivy League, Prep, Business, Tank, Cuban Locations: Las Vegas

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