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In this article MAR Follow your favorite stocks CREATE FREE ACCOUNTMarriott International's business operations and growth are solid, CEO Anthony Capuano told CNBC Monday, amid layoffs of more than 800 corporate employees and continued sluggishness in China's tourism market. Marriott International reported net room growth of 6% year-on-year and room rate growth of 2.5%, driven by a strong return of group travel, which Capuano called the "bright, shining star" for the business today. The company raised its year-end guidance for net room growth, and added 9 million new Bonvoy members in the third quarter. That measure turned out to be corporate layoffs, first reported by the travel media company Skift on Nov. 14, which later linked to a notice of "mass layoffs" of 833 Marriott employees posted on a Maryland government labor website. watch nowCapuano denied that the company — which doubled in size during the past decade — grew too big, too fast, at least in terms of corporate employees, instead calling the move a much-needed "reorganization" of its global corporate structure.

Persons: Anthony Capuano, Capuano, Leeny Oberg, —, Rather Organizations: Marriott, CNBC, Marriott International, Uber, Starbucks Locations: RevPar, China, Greater China, Maryland, Bethesda , Maryland

☆ Doctors Without Borders halts operations in Haiti’s capital after escalation in violence
▼ + stars: | 2024-11-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Doctors Without Borders (MSF) said on Tuesday that it is stopping operations across the Haitian capital Port-au-Prince and its wider metropolitan area due to an escalation in violence and threats to its staff from members of the Haitian police. The suspension would last from Wednesday “until further notice,” said MSF. A spokesperson for Haiti’s national police declined to comment. The medical aid group treats on average 1,100 outpatients, 54 children in emergency situations and more than 80 sexual and gender-based violence survivors each week, MSF said, as well as many burn victims. Garnier added that while MSF remained committed to the population it could only resume services if it receives guarantees of security and respect by armed groups, members of self-defense groups and law enforcement.

Persons: ”, Christophe Garnier, Garnier Organizations: Haitian, MSF, ”, Prince Locations: Haitian, Port, Haiti, Caribbean

☆ Kashmir: This disputed region of India has bread that rival France’s
▼ + stars: | 2024-11-20 | by ( Smitha Menon | ) edition.cnn.com time to read: +10 min

While rice is the staple that’s cooked in households across Kashmir, bread is what drives the local community and economy. With so much traditional knowledge guarded and passed down through generations, Kashmir’s bread culture could qualify for a UNESCO intangible heritage listing and possibly rival France’s boulangerie tradition. Her father hailed from Kashmir so for her, summertime equals Kashmir, and Kashmir equals a warm, pillowy girda. When she returned years later, to learn more about Kashmir’s bread culture from her neighborhood baker, she was promptly told off. “Bread is really sacred in Kashmir and that relationship that a family has with their local kandurwan is really special.

Persons: Emperor Jehangir, Faisal Khan, Mukhtar Khan, France’s, Altaf, “, Mehvish, ”, AP Dal, Muzamil, Marryam, Reshii, roth, it’s, that’s, rogan josh, Roth, Jasleen Marwah, girda, I’d, Marwah, Tauseef Mustafa, Varun Totlani, tzir, Hussain Shahzad, morel, Vanika Chaudhury, Vanika, scoffed, Douglas McMaster, Chaudhury Organizations: India CNN, Silk, Anadolu Agency, Getty, UNESCO, CNN, AP, Folk, Silo Locations: Srinagar, India, Kashmir, Srinagar’s, Pakistan, kandarwans, Europe, East, Asia, Central Asia, pillowy, New Delhi, Goa, Portuguese, chai, “, Indian, Mumbai, AFP, India’s Himachal Pradesh, Masque, Mumbai’s, Lower Parel, London

☆ I moved to France to earn my graduate degree because it was too expensive in the US. It's been the best decision of my life.
▼ + stars: | 2024-11-20 | by ( ) www.businessinsider.com time to read: +4 min

AdvertisementI wanted to go back to school for my master's but didn't want to go into enormous debt. AdvertisementI didn't love my first college experienceI wanted a college do-over. Meredith ShubelI wanted a college do-over but going back to school in the US was not worth the expense, in my opinion. Meredith ShubelAt the time, I knew a friend who was doing her master's in France. I now live in ParisMy experience in France wasn't perfect but it was the right decision.

Persons: Jean Jaurès, —, Meredith Shubel, I've Organizations: Université, VW, Université Toulouse Locations: Université Toulouse, France, Paris, New England, Marseille, Toulouse

☆ Target sounds the alarm bell on holiday shopping
▼ + stars: | 2024-11-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Target is expecting a surprisingly weak holiday shopping season, a warning sign for the retail industry. The holiday shopping season is pivotal for retailers. While Target can survive a weak holiday season, many smaller companies depend on strong sales during the holidays. But Target has also slumped because of its merchandise mix and higher prices compared to rivals like Walmart. Walmart raised its financial outlook, a signal it expects a strong holiday shopping season.

Organizations: New, New York CNN, Target, Walmart, Costco Locations: New York

☆ Target shares plummet 18% in premarket trade as it posts disappointing earnings and cuts guidance
▼ + stars: | 2024-11-20 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

The retailer cut its full-year financial guidance and reported sales growth of just 0.3%. Target shares plunged as much as 18% in premarket trading after the retailer posted disappointing third-quarter earnings and lowered its financial guidance for the year. On Wednesday, Target reported adjusted earnings per share of $1.85, down just under 12% year-over-year. AdvertisementIn the release, Target also cut its full-year financial guidance, saying it expects earnings per share of between $8.30 and $8.90. At its second-quarter earnings in August, the retailer said it expected full-year EPS of between $9 and $9.70.

Persons: Brian Cornell Organizations: Analysts, Revenue, Target Corporation, Target, Walmart, Costco

☆ Carson Block is shorting cosmetics company E.L.F. Beauty, saying it's a 'revenue and investor mystery'
▼ + stars: | 2024-11-20 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

AdvertisementSpeaking at the Sohn conference in London, Muddy Waters founder Carson Block said he was short E.L.F Beauty. Notorious short-seller Carson Block has a new target: discount cosmetics company E.L.F. AdvertisementUsing import data and referencing conversations the Muddy Waters founder and his team had with E.L.F. "Its reported inventory also appears materially inflated as a result — i.e., to account for cash that has not really come in." AdvertisementBlock and his firm, Muddy Waters, have been a thorn in the side of plenty of companies, big and small.

Persons: Muddy, Carson Block, E.L.F, Block, Muddy Waters, Block's, Blackstone Organizations: Sohn, Muddy Waters, Sohn Conference Locations: London, California, Muddy, China

☆ Thanksgiving meals are expected to be cheaper in 2024 as turkey prices drop
▼ + stars: | 2024-11-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

And when it comes to Thanksgiving food, it seems Americans are getting relief on their grocery bills this year following a few years of escalating costs. The national average cost for a 16-pound turkey is down 6% from 2023, according to the Farm Bureau. Overall turkey prices have decreased about 4% in the past year, according to the consumer price index. Farmers raised about 205 million turkeys in 2024, down 6% from 2023, according to the U.S. Department of Agriculture. The aggregate impact has been lower turkey prices.

Persons: Robin Wenzel, Bernt Nelson, Nelson, Monty Rakusen, That's, —, Robin Wenzel Wells, Wenzel Organizations: American Farm Bureau Federation, Farm Bureau, Deloitte, Finance, Food Institute, Farm, Farmers, U.S . Department of Agriculture, Digitalvision, Getty, Food, USDA Locations: Wells, Turkey, U.S, Ukraine

☆ We're changing our price target on TJX despite the retailer's light guidance
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: +6 min

We're raising our TJX price target to $135 per share from $130. The combined T.J. Maxx and Marshalls business unit was impacted by temporary closures resulting from hurricanes Helene and Milton. Guidance TJX sees fiscal 2025 fourth quarter EPS in the range of $1.12 to $1.14, which is below the $1.17 expected. Outside of North America, T.J. Maxx is known as T.K. North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.

Persons: HomeGoods, Ernie Herrman, Helene, Milton, TJX, Herrman, John Klinger, —, Klinger, Maxx, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: TJX Companies, TJX, Marshalls, Ross Stores, Burlington Stores, CNBC, North, Maxx, Getty Locations: Maxx, HomeGoods, Canada, United States, Spain, North America, North Miami Beach , Florida

☆ TJ Maxx parent says holiday shopping is off to a 'strong start,' but its guidance tells another story
▼ + stars: | 2024-11-20 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. "The fourth quarter is off to a strong start, and we are excited about our opportunities for the holiday selling season. For its holiday quarter, TJX is expecting comparable sales to grow between 2% and 3%, largely in line with the 3% uptick that StreetAccount analysts had expected. TJX is standing by its comparable sales guidance of 3% growth for the full year, just shy of the 3.2% growth that StreetAccount analysts had expected. It raised its pretax profit margin outlook from 11.2% to 11.3%, which matches StreetAccount's expectations, along with its earnings per share guidance.

Persons: TJX, Ernie Herrman, It's, LSEG, Maxx, TJ Maxx Organizations: TJX Companies, LSEG, Company, It's, HomeGoods, TJX, Brands, United Arab, Burlington, Ross, Bank of America Locations: HomeGoods, Sierra, TJX Canada, Europe, Australia, Dubai, United Arab Emirates, Saudi Arabia, Spain

☆ I became a millionaire at 28 but it took me a long time to find joy in my financial security
▼ + stars: | 2024-11-20 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

She wants her two daughters to break a family cycle and find joy in spending. Even when I immigrated to the US, I couldn't leave my family's money trauma behind. Calling myself a millionaire still feels very strangeThrough careful savings, planning, and good real estate moves, I was a millionaire by the time I turned 28. Now, I focus on the value of the things I'm spending on. I've been thinking about it since before they were born because I wanted to break my family's cycle of passing generational money trauma.

Persons: Hazel Secco, I'd, I've, I'm Organizations: Financial, Disney Locations: Korea, Manhattan

☆ Deloitte says jobs are at risk in its advisory division as challenges for the consulting sector continue
▼ + stars: | 2024-11-20 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The growth rate in Deloitte's global consulting division has fallen from 19% in 2023 to 1.9% in 2024. Deloitte plans to cut more staff from its advisory division as demand for consultancy services declines. "In the context of an ongoing challenging market, we have to carefully consider the shape of our firm," Deloitte told BI on Wednesday. According to its latest annual report, Deloitte's global consulting revenues grew by 1.9% in the 2024 financial year ending 31 May. AdvertisementDeloitte's global workforce expanded to 460,000 in the 2024 financial year, an increase of 3,000.

Organizations: Deloitte, Business, Financial Times, Equity

More consequential, however, was the stagnant or shrinking turnout in these cities, which — coupled with turnout growth in Republican counties across the blue wall — drove Trump’s victory. While the number of voters throughout the rest of Michigan grew by 2.6%, the number in Detroit fell by 4%. NBC News Decision DeskThe third large blue wall city is Milwaukee, which makes up about 60% of Milwaukee County’s population. Even though turnout grew slightly overall in the city, just over half of precincts (58%) experienced a turnout decrease. Comparing Milwaukee’s sluggish turnout to Dane County — which is Wisconsin’s other large Democratic county, where turnout increased by over 6% — helps to show how different demographics may explain turnout changes.

Persons: Donald Trump’s, Pennsylvania —, Kamala Harris’s, Harris ’, Milwaukee County , Wisconsin —, Harris, Joe Biden, Wayne, Biden, Trump, Dane County, Dane, Dane County’s, Detroit —, Joe Biden’s Organizations: NBC, Democratic, Republican, Dane County, Milwaukee, Wisconsin Locations: Michigan , Wisconsin, Pennsylvania, Wayne County , Michigan, Detroit, Philadelphia County , Pennsylvania, Milwaukee County , Wisconsin, Philadelphia, Wayne County's, Michigan, Milwaukee, Wisconsin, Dane, Milwaukee’s, Dane County

“We’re expecting this holiday period to be very consistent with that,” he said. Retailers, including Walmart, are contending with a mixed bag of factors this holiday season. The holiday season is also shorter this year and parts of the U.S. have had unseasonably warm weather, two dynamics that could hurt retailers. That would be lower than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Rainey said the holiday period is “off to a pretty good start.”He said items like TVs, Apple AirPods, Beats headphones and even tires have been selling.

Persons: John David Rainey, “ We’re, ”, “ They’re, Rainey, Walmart’s, Donald Trump’s, it’s, We’ve Organizations: Walmart, CNBC, LSEG, New York Stock Exchange, Sam’s, Walmart U.S, U.S, National Retail Federation, Apple Locations: U.S, China

After having called more than 30 witnesses, the prosecution in the manslaughter trial of Daniel Penny, who is charged in the chokehold death of Jordan Neely, rested its case Monday. Penny put him in a chokehold that lasted about six minutes, prosecutors have said and evidence presented at trial has shown. Penny’s attorneys have said he acted to protect himself and other subway riders from “a seething, psychotic” Neely. Again and again, Harris answered that she believed the chokehold was the most probable cause of Neely’s death. Harris testified Friday that she based her ruling on her autopsy findings, coupled with the video and the investigative information about it.

Persons: Daniel Penny, Jordan Neely, Penny, Neely, ” Neely, Andrew Savulich, Cynthia Harris, Steven, Harris, ” Harris, Jacqueline Penny, ”, Alexandra Fay, Penny’s Organizations: Prosecutors, Republican, TNS, Getty, Marines Locations: “, New York City, West Islip, Long, neighborly, Miami

☆ California couple of 63 years loses nearly everything in Mountain Fire except their wedding album
▼ + stars: | 2024-11-19 | by ( Liz Kreutz | Liz Kreutz Is An Nbc News Correspondent. | ) www.nbcnews.com time to read: +3 min

CAMARILLO, Calif. — Al and Phyllis Nordquist lived in the same home on Garrido Drive for 53 years. “It was just so peaceful, we thought this is where we want to spend the rest of our life,” Phyllis, 87, said. Our whole life is right here where we lived,” Al said, standing outside what was left of his property. “I didn’t think, well, what would be left or not be left,” Phyllis said. The home that Al and Phyllis Nordquist lived in for decades was destroyed in Camarillo, Calif., in the Mountain Fire.

Persons: — Al, Phyllis Nordquist, ” Phyllis, “, ” Al, ‘, Al, ”, Phyllis Organizations: It’s, Volvo, “ Locations: CAMARILLO, Calif, Camarillo, Ventura County, Los Angeles

☆ Xiaomi's SU7, the EV that has US auto bosses talking, is smashing sales targets
▼ + stars: | 2024-11-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

The SU7 EV has proven a hit in China, and even attracted praise from Ford CEO Jim Farley. The tech giant said it surpassed its 100,000 annual sales target for the SU7 by November. Xiaomi's SU7 has got the whole auto world talking, and the smart EV is flying off the shelves in China, passing its annual sales goal with over a month to spare. AdvertisementElon Musk's company reported slipping sales in China in October, even as rivals like BYD, Xpeng, and Zeekr tout booming sales. Xiaomi's smartphone business, meanwhile, grew by 3.1% in the third quarter of 2024, slightly behind Apple's estimated 3.5% growth in the same period.

Persons: Jim Farley, Xiaomi's SU7, Xiaomi Organizations: Apple, Revenue, EV, Ford, Elon Musk's, Business Locations: China

☆ Walmart says prices will 'probably' go up if Trump tariffs take effect
▼ + stars: | 2024-11-19 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

AdvertisementWalmart's CFO said that Trump's proposed tariffs could lead the retailer to raise prices. During Trump's previous term, Walmart said it would try to avoid food price increases by managing costs elsewhere. Walmart CFO John David Rainey said on Tuesday that Trump's sweeping tariff plan could lead the retailer to raise prices on a portion of its products. Related Video"We never want to raise prices," he told CNBC. "Tariffs, though, are inflationary for customers, so we want to work with suppliers and with our own private-brand assortment to try to bring down prices."

Persons: John David Rainey, Trump, Rainey, Doug McMillon, McMillon Organizations: Walmart, CNBC, Walmart US, Target, Costco

☆ Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones
▼ + stars: | 2024-11-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Of that amount, roughly $4 billion will come from PC chips, Qualcomm said at its investor day on Tuesday. The chipmaker just introduced PC processors earlier this year, when it released Snapdragon X for Windows devices. In fiscal 2024, Qualcomm's handset business reported $24.86 billion in sales, about 75% of its entire chip business. Another $4 billion in revenue will come from industrial chips and $2 billion will come from chips for headsets, a category Qualcomm calls XR. But the company has warned investors that Apple could choose to stop buying Qualcomm parts as soon as 2027.

Persons: Cristiano Amon, Amon Organizations: Qualcomm, Nasdaq, Apple

☆ Doubts mount over Britain’s ambitious growth plans — with warnings of further tax rises possible
▼ + stars: | 2024-11-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

A higher economic growth rate could theoretically boost the government's tax take without the need to raise taxes further, because overall revenues would be higher. The OBR now expects U.K. real GDP growth of 1.1% in 2024, followed by expansion of 2% in 2025, before falling to 1.5%. The Labour government did not immediately respond to CNBC's request for comment on further possible tax changes. 'Desperate' growth ratesThe U.K. economy barely grew in the third quarter, eking out a less-than-expected 0.1% expansion, data from the Office for National Statistics showed Friday. We've had 1% growth, or around 1% growth now since the Financial Crisis.

Persons: Rachel Reeves, James Smith, CNBC's, John Grieve, Reeves, Gieve, —, Labour's, ING's Smith, We've Organizations: Treasury, Getty, Labour, Finance, ING, of, CNBC, National Insurance, Office, National Statistics, Gross Locations: London, England

☆ Rafael Nadal has made $134 million in career prize money, will retire as No. 2 highest-earning tennis player ever
▼ + stars: | 2024-11-19 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

His career prize money sits at $134,946,100, according to ATP Tour data. Those earnings make him the second-highest paid tennis player ever, putting him just ahead of rival Roger Federer's $130.5 million. Nadal's place on tennis' all-time prize money leaderboard is safe for the time being. The 27-year-old will need to take home a little less than $90 million in prize money in order to overtake Nadal. Though he is just 21, Alcaraz's $36 million in prize money already puts him in the top-10 of all time earners.

Persons: Rafael Nadal, —, Novak, Nadal, paydays, Roger Federer's, accoridng, Richard Mille, Federer, Andy Murray, Alexander Zverev, Carlos Alcaraz, here's Organizations: ATP Tour, Nadal's, Forbes, Nike, Kia, Nadal

☆ I make these cheesy scalloped potatoes every year on Thanksgiving, and I'll never go back to mashed potatoes
▼ + stars: | 2024-11-19 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

AdvertisementI grew up eating mashed potatoes yearly on Thanksgiving but secretly preferred scalloped potatoes. We've made these cheesy scalloped potatoes, and skipped the mashed, for three years now. I've never been a fan of huge mashed potatoes on Thanksgiving or any other day. Related Video An American tourist and a local find the best Sunday roast in LondonShirking what many would call a Thanksgiving staple, I've made scalloped potatoes — or potatoes au gratin — for the past three years instead. I've followed several different recipes, but Half Baked Harvest, run by cookbook author Tieghan Gerard, has a recipe for cheesy scalloped potatoes with caramelized onions that has become a go-to on practically every holiday.

Persons: We've, I've, Tieghan Gerard Locations: London Shirking

☆ There's only one problem with 'Wicked' — and it's not Ariana Grande and Cynthia Erivo's stunning performances
▼ + stars: | 2024-11-19 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

Advertisement"Wicked," directed by Jon M. Chu, is a film adaptation of the iconic stage musical — well, just act one. Directed by Jon M. Chu ("Crazy Rich Asians") and starring Broadway and pop music's biggest legends — Cynthia Erivo and Ariana Grande, respectively — "Wicked" is a stunning act of adaptation. The stage musical version is also an adaptation, the looser kind, of Gregory Maguire's novel of the same name. AdvertisementAs in the stage musical, Glinda lends Elphaba the ugliest hat in her closet for a party. In the end, though, "Wicked" is one of the best musical adaptations recently put to screen.

Persons: Jon M, Chu, Cynthia Erivo, Ariana Grande's, It's, Broadway, Ariana Grande, Gregory Maguire's, Dorothy's, Glinda, Winnie Holzman, Dana Fox, Ariana, Giles Keyte, Erivo, doesn't, She's, Grande, aplomb, Jonathan Bailey, sycophants, Bowen Yang, Bronwyn James, Oscar, —, it's, Elphaba, — it's, Peter Dinklage, Michelle Yeoh, Jeff Goldblum Organizations: Shiz University, Broadway, Universal Pictures, Universal

☆ I thought I preferred texting to phone calls. While in a long-distance relationship, I realized how much I missed talking on the phone with friends.
▼ + stars: | 2024-11-19 | by ( Hannah Wilkinson | ) www.businessinsider.com time to read: +5 min

AdvertisementMy partner and I started dating while we were long-distance and communicated through phone calls. I realized that I missed talking to my friends this way, and started calling them more often. He preferred talking on the phone over texting, and over time I grew to prefer it, too. AdvertisementWe built our relationship through phone calls, and despite now living together full-time, it's still our preferred way to communicate when we're apart. But interestingly, 45% of men prefer phone calls, compared to only 29% of women.

Persons: There's, it's, I'd, I've, It's Locations: London, Australia, Greece

☆ How much money you’d have now if you invested $1,000 in Walmart 10 years ago
▼ + stars: | 2024-11-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On Tuesday, Walmart announced its fiscal third quarter results as the retail giant promotes its ongoing Black Friday and Cyber Monday holiday shopping events next week. Additionally, Walmart reported earnings per share of 58 cents, adjusted, compared with the 53 cents analysts' predicted. Notably, the company appears to be optimistic heading into the holiday spending season and says Walmart customers have been purchasing more general merchandise outside of groceries. "In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that," Doug McMillon, Walmart president and CEO, said in a Nov. 19 press release. "Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart."

Persons: Doug McMillon Organizations: Walmart Locations: U.S

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