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Read CNBC's full investigation into the alleged organized theft groups that police say are stealing and reselling items from retailers including Ulta Beauty, T.J. Maxx and Walgreens. Faced with sophisticated organized retail crime rings that investigators say have targeted his company, Ulta Beauty CEO Dave Kimbell is laying some blame on e-commerce sites. "You used to have to sell stolen goods at flea markets or out of the trunk of your car, or maybe just locally. The 53-year-old mother of three and her husband, Kenneth Mack, were charged with conspiracy to commit organized retail theft, grand theft and receipt of stolen property in connection with the alleged crime ring. During a raid at her California mansion in December, California Highway Patrol and Homeland Security agents say they found $387,000 in suspected stolen goods, most of which had come from Ulta.

Persons: Read, Dave Kimbell, Kimbell, Michelle Mack, Kenneth Mack, I'm, we've Organizations: Maxx, Walgreens, Ulta, CNBC, Homeland Security Locations: U.S, San Diego, California

☆ European stocks head for higher open as Davos draws to close; UK retail sales drop
▼ + stars: | 2024-01-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The World Economic Forum in Davos, Switzerland, comes to a close after drawing a raft of business leaders, politicians, central bankers and campaigners. U.K. retail sales disappointed Friday, coming down by 3.2% in December, significantly more than expected. It was the largest monthly fall since January 2021, when pandemic measures restricted sales, the Office for National Statistics said. The technology sector drove a solid rally Thursday, after Bank of America analysts upgraded their Apple rating to "buy." Asia-Pacific stocks were also higher, with TSMC surging and Japanese inflation cooling to its lowest level since June 2022.

Persons: Read Organizations: Economic, European Central Bank, National Statistics, U.S, Congress, Bank of America Locations: Davos, Switzerland, Asia, Pacific

Japan 10-year government bond yields crept closer to a 11-year high on Monday as the Bank of Japan kicks off its two-day monetary policy meeting. Yields for the 10-year JGB climbed 2.29% on Monday to 0.893%, its highest level since it briefly reached 0.895% on Oct. 26. Before that, the last time the yield was at this level was in April 2012. In July, the BOJ effectively broadened the yields permissible on the 10-year JGB by 50 basis points to 1% either side. Read CNBC's preview of the Bank of Japan's policy meeting here.

Persons: — Lim Hui Jie Organizations: Bank of Japan, Bank of Locations: Japan

President Joe Biden traveled to Warsaw, Poland on Tuesday to deliver a speech on the one-year anniversary of Russia's war in Ukraine. Biden on Monday made a secret 23-hour trip to Kyiv, Ukraine where he met with Ukrainian President Volodymyr Zelenskyy and announced a new weapons package for the country worth approximately $500 million. The speech also came hours after Russian President Vladimir Putin spoke to a joint session of Russia's parliament. "One year later, Kyiv stands and Ukraine stands. Democracy stands.

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Persons: TurboTax, Read, There's, isn't Organizations: CNBC Select's, Read CNBC, IRS, Social Security, Child Tax, Elderly, AARP, Department of Defense, CNBC, Facebook, Twitter Locations: Mobile, Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming

☆ President Biden signs bill into law averting rail worker strike
▼ + stars: | 2022-12-02 | by ( Emma Kinery | ) www.cnbc.com time to read: +1 min

Read CNBC's coverage of Biden signing the bill here. President Joe Biden signed a bill into law making a rail strike illegal, preventing workers from walking off the job weeks before the holiday season. Despite his history as a pro-union politician, Biden ultimately called on Congress to intervene after negotiations stalled and union workers threatened to strike. The workers and companies had until Dec. 9 to reach an agreement before they vowed to strike, which the industry estimated would cost the U.S. economy $2 billion per day. He said he has long been a proponent of paid sick leave — a main sticking point in the talks — and will still work to make it a right for all workers, not just rail workers.

☆ Nancy Pelosi says she will not seek reelection as House Democratic leader
▼ + stars: | 2022-11-17 | by ( Kevin Breuninger | ) www.cnbc.com time to read: 1 min

[The stream has ended after Pelosi announced she would not seek reelection as House Democratic leader. House Speaker Nancy Pelosi, a Democratic congressional leader for the past two decades, is expected to announce her future plans after Republicans were projected to take majority control of the House. While Republicans won the House by a much narrower margin than many had anticipated, they will nevertheless seize key leadership roles in the chamber. Current House Minority Leader Kevin McCarthy, R-Calif., is the top candidate to become speaker in the next Congress. Pelosi, 82, has said that a recent attack on her husband, Paul Pelosi, by a hammer-wielding home intruder would affect her decision on whether to remain in leadership.

☆ New York AG Letitia James announces lawsuit of Donald Trump, his company and family members over fraud claims
▼ + stars: | 2022-09-21 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

New York Attorney General Letitia James, who has been conducting a civil investigation of former President Donald Trump's company, announced a major lawsuit of Trump, three of his adult children and his company over widespread fraud claims. James' announcement comes nearly a week after The New York Times reported that she had rejected an offer from Trump's lawyers to settle her probe of the Trump Organization, which is based in Manhattan. Trump has repeatedly denied any wrongdoing and accused James, who is a Democrat, of being motivated by politics to investigate the former Republican president. He invoked his Fifth Amendment right against self-incrimination more than 440 times in refusing to answer questions under oath. Donald Trump Jr., who runs the Trump Organization with his brother Eric, answered questions from the investigators under oath earlier in August, as did their sister Ivanka Trump.

☆ Watch live: U.K. Prime Minister Liz Truss addresses global leaders at the U.N. General Assembly
▼ + stars: | 2022-09-21 | by ( Amanda Macias | ) www.cnbc.com time to read: +1 min

British Prime Minister Liz Truss attends the 77th United Nations General Assembly at the United Nations headquarters in New York, September 21, 2022. UNITED NATIONS — U.K. Prime Minister Liz Truss is set to address world leaders on the second day of diplomatic choreography in the iconic green-and-gold draped United Nations General Assembly hall. Earlier in the day, Truss met with U.S. President Joe Biden on the sidelines of the high-level gathering in New York City. The two leaders, who attended the state funeral of Queen Elizabeth II, vowed to continue supporting Ukraine in its era-defining fight against Russia. Earlier on Wednesday, Russian President Vladimir Putin ordered the mobilization of 300,000 troops for its monthslong assault on Ukraine.

☆ Watch live: Ukrainian President Volodymyr Zelenskyy address global leaders at the U.N. General Assembly
▼ + stars: | 2022-09-21 | by ( ) www.cnbc.com time to read: +1 min

President of Ukraine Volodymyr Zelenskyy visits the Kharkiv region for the first time since Russia started the attacks against his country on February 24, in Kharkiv region, Ukraine on May 29, 2022. UNITED NATIONS — Ukrainian President Volodymyr Zelenskyy is set to deliver dramatic remarks to world leaders Wednesday, hours after Russia moved to mobilize hundreds of thousands of troops for its monthslong assault on Ukraine. Zelenskyy, who has not left his war-weary nation since Russia invaded in late February, will address world leaders virtually. In his speech, Zelenskyy is expected to urge countries such as China, the world's second-largest economy, to abandon its neutrality. Read CNBC's live blog tracking developments on the war in Ukraine.

The cruise ship is the biggest cluster of infected people outside China, with some 285 confirmed cases out of 3,500 passengers and crew. 6:00 pm: First coronavirus death confirmed in Europe, French health minister saysAn 80-year-old Chinese tourist has died of the new coronavirus in a hospital in France, French Health Minister Agnes Buzyn said Saturday, confirming the first fatality from the fast-spreading respiratory virus in Europe. watch nowThe cruise ship is the biggest cluster of infected people outside China, with some 285 confirmed cases out of 3,500 passengers and crew. — Feuer1:21 pm: CDC concerned with report of infected health workers in ChinaA U.S. Centers for Disease Control and Prevention official said the notice from China's National Health Commission about 1,716 health workers infected with the coronavirus was "concerning." Dr. Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory Diseases, told reporters during a press briefing that there are currently no U.S. health workers infected with the virus.

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