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☆ After he drove off an embankment and became stranded in a ravine, this man’s dog traveled 4 miles to find help
▼ + stars: | 2024-06-11 | by ( Kaila Nichols | ) edition.cnn.com time to read: +5 min

In town, no one had seen or heard from Garrett, Millhollin said. “I thought for sure when I was making the 911 call that I was calling just for a body recovery,” Tyree Garrett told CNN. The accident had happened when he started to fall asleep while driving, Garrett told CNN: “I thought I’d make camp and I didn’t. Garrett told CNN he sustained a hairline fracture in his foot and some lacerations. Three of Garrett’s dogs – including Blue – are with him as he recovers, but one still isn’t back from the veterinarian.

Persons: Troy Millhollin, Brandon Garrett’s, ” Millhollin, Garrett, Millhollin, Tyree Garrett, ” Tyree Garrett, Blue, ‘, Brandon Garrett, “, I’d, ” Garrett, ”, Tyree Garrett’s, Sheriff Travis Ash, Brandon, Ash, “ I’m, Pitbull, Shepherd, Whippet, “ I’ve, “ They’ve, they’re, ” Brandon Garrett Organizations: CNN, US Forest Service Locations: Halfway , Oregon, Baker, County

☆ Middle East Crisis U.S. Pushes for Cease-Fire Vote at U.N. Security Council
▼ + stars: | 2024-06-10 | by ( Mike Ives | ) www.nytimes.com time to read: +5 min

Ms. Abu Amr finally arrived home with her son hours later, shocked that she was still alive. To rescue the hostages, Israeli troops entered two residential buildings in which they were being held, according to Rear Adm. Daniel Hagari, the Israeli military spokesman. The medical facility — already packed before the Israeli rescue mission in nearby Nuseirat — overflowed, said Abdelkarim al-Harazin, 28, a physician working there. Gathering her children, she sprinted to the nearby Al-Awda medical center in a desperate search for safety. Gazans there were cursing not just Israel, but Hamas as well, he said, blaming them for bringing this disaster upon them.

Persons: Gazans, Bayan Abu Amr, Mohammad, ”, Abu Amr, Daniel Hagari, Admiral Hagari, Khalil Daqran, Abdelkarim, Aqsa, Javed Ali, Diana Abu Shaban, Saeed, “, Ms, Abu Shaban, Abd Al, Rahman Basem al, Masri, he’d, ” Mr Organizations: Hamas, “, Aqsa Martyrs Hospital, International Medical Corps Locations: Nuseirat, Gaza, Al, Aqsa, Deir al, Deir, Israel

☆ Stellantis recalls vehicles over stability control issues
▼ + stars: | 2024-06-09 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

New York CNN —Car manufacturer Stellantis is recalling 211,581 SUVs and pickup trucks over a software malfunction that could cause their electronic stability control systems to fail. The company said the issue stems from a defective anti-lock breaking system, which in turn deactivates the stability control system. Using a vehicle with a disabled stability system could increase the likelihood of a crash, the National Highway Traffic Safety Administration said Thursday. Multiple studies have found electronic stability control systems tend to reduce fatal collisions, particularly single-vehicle and rollover crashes. The company said customers will be able to bring their cars in to the dealers to update their vehicle’s anti-lock braking systems for free.

Persons: Stellantis Organizations: New, New York CNN —, Traffic Safety Administration Locations: New York, Durango

☆ With EVs, Honda may be North America's most committed automaker, for the moment
▼ + stars: | 2024-06-09 | by ( Kevin Williams | ) www.cnbc.com time to read: +6 min

While missing a host of brands, this year's edition of the Los Angeles Auto Show debuted a range of new models. But at least one automaker says it is ramping up its North American EV strategy in 2024: Honda Motor Company. Honda's EV moves come against the backdrop of EV pullbacks from other major auto manufacturers; and in some cases, shelved EV plans altogether. GM itself is playing a key role in the first mass-market EV Honda is introducing, the Prologue. The All-Electric Acura ZDX is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California.

Persons: Josh Lefkowitz, Ford, Bob Nelson, Nelson, BEV, It's, Honda, Cliff Banks, Banks, Mary Barra, Jenni Newman, Kelley Blue, Tesla, Newman Organizations: Angeles Auto, Los Angeles Convention Center, Los Angeles Auto, Getty, Honda Motor Company, Canadian EV, pullbacks, GM, American Honda Motor Co, Honda, EVs, Banks, Auto, NBC News, EV Honda, Acura, Subaru Locations: Los Angeles , California, Canadian, Ohio, American, Canada

A day after the Israeli military rescued four hostages held by Hamas militants in Nuseirat, Gazans described an intense bombardment during the raid, followed by chaos in the streets from an operation that killed and wounded scores of Palestinians. Bayan Abu Amr, 32, was carrying her 18-month-old son Mohammad on the edge of Nuseirat’s main marketplace on Saturday when she was surrounded by the heavy booms of strikes from aircraft, which Israel’s military said targeted militants in an effort to ensure the safe extraction of the hostages and special forces. “People were rushing like the day of judgment; I did not know where to run,” said Ms. Abu Amr, who was on her way to pay a condolence call to her uncle’s family after two of his sons had died. “Kids were screaming, women were falling down while running.”Along with other Gazans, she managed to clamber onto a passing pickup truck that was trying to ferry people safely out amid the strikes, she recalled. One girl was separated from her mother in the confusion, while an old man lost his grip and fell off the truck onto the ground, she said.

Persons: Gazans, Bayan Abu Amr, Mohammad, ”, Abu Amr Organizations: Hamas, “ Locations: Nuseirat

☆ Rivian R1 pickup and SUV redesigned with Nvidia chips
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: 1 min

Correction: The Rivian Max battery pack achieves up to 420 miles. The Large battery pack achieves up to 330 miles. A previous version of the article misstated the ranges.

Persons: Max

☆ Rivian redesigns all-electric R1 pickup and SUV, adds Nvidia chips and improves performance
▼ + stars: | 2024-06-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

In this article NVDARIVN Follow your favorite stocks CREATE FREE ACCOUNT2025 Rivian R1S RivianRivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday. Amid the most notable changes to the new vehicles is their computing power, which Rivian says delivers 10 times more performance than the previous system. The lower-priced vehicles are crucial to Rivian's expansion as sales of its current models have slowed amid a sluggish industrywide sales pace for electric vehicles. 2025 Rivian R1T and R1S RivianRivian said pricing for the second-generation R1S SUV will increase $1,000 from current models to start at $75,900, with top-end trimotor models starting around $106,000. Rivian said the vehicles also feature more luxurious, updated interiors as well as a fully redesigned software interface.

Persons: Rivian, RJ Scaringe, R1T, Rivian Rivian Organizations: Nvidia, Max Locations: Illinois, Georgia, The California

☆ Starbucks teams up with Grubhub on delivery
▼ + stars: | 2024-06-06 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks is teaming up with Grubhub as it tries to boost sales after a challenging quarter. By August, Starbucks items should be available on Grubhub throughout the country, the company said. Prior to the Grubhub partnership, customers could already order Starbucks items via DoorDash and Uber Eats. Since the pandemic, more consumers have been getting their cafe and restaurant orders to-go, via delivery or pickup. In addition to broadening access to delivery, Starbucks is taking other steps to try to jumpstart sales, like updating its app, offering new menu items and testing staying open overnight.

Persons: Uber, Laxman Narasimhan, ”, Meg Mathes Organizations: New, New York CNN, Starbucks Locations: New York, Pennsylvania , Colorado, Illinois, U.S

☆ Rivian says its updated electric pickup and SUV are faster and have more range than the Cybertruck
▼ + stars: | 2024-06-06 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

Rivian unveiled its updated R1T pickup truck and R1S SUV with more power and range on Thursday. The revised R1T and R1S look similar to the outgoing generation but feature major internal updates. The dual-motor, second-generation Rivian R1T and R1S are on sale now. AdvertisementRivian unveiled an updated second generation of its flagship R1T electric pickup truck and R1S SUV on Thursday, featuring a host of technical improvements and two new powertrain options with more power and range. Based on Rivian's estimated performance figures, versions of the second-generation R1 platform now boast faster acceleration and substantially more range than Tesla's Cybertruck.

Persons: Rivian, — Organizations: Service, Business

☆ Read Your Way Through New Orleans
▼ + stars: | 2024-06-05 | by ( Maurice Carlos Ruffin | ) www.nytimes.com time to read: +1 min

Read Your Way Around the World is a series exploring the globe through books. By some counts, it’s one of the most festive cities in America, with a party or two happening almost every week. The literature of New Orleans is an important supplement to your experience of the city. What should I read before I pack my bags? Using primary documents that her father rescued from a trash hauler’s pickup truck, Shaik builds a nonfiction narrative that’s both illuminating and compulsively readable.

Persons: Jon Batiste, ”, Fatima Shaik Organizations: Gras, Brotherhood Locations: . New Orleans, America, New Orleans

☆ Amazon Prime members now get Grubhub+ for free: Here's how to sign up
▼ + stars: | 2024-06-04 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

If you're an Amazon Prime subscriber, food delivery just got a little bit cheaper. The e-tail giant last week announced a new addition to the list of perks that come with its $139 annual membership. In addition to free two-day shipping and access to the Prime Video catalog, subscribers now get free access to Grubhub+. It includes a number of benefits, including lower service fees, 5% credit on pickup orders and $0 delivery fees on orders over $12. Both Prime and non-Prime members will also be able to place Grubhub orders directly on the Amazon app.

☆ A former stay-at-home dad says he sees few paths for him to reenter the workforce after his nearly 20-year break: 'I'm underqualified for jobs that I used to do'
▼ + stars: | 2024-06-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

But after being a stay-at-home dad for over a decade, Dan and his wife got divorced a few years ago. AdvertisementSo after nearly 20 years out of the workforce, Dan has started to dip his toe into the job market. "When I review job sites, I'm underqualified for jobs that I used to do, and I most likely present as too old for entry-level positions," he said. "I'm resigned to ultimately taking an entry-level job if they'll have me." Dan said he'd been advised to pursue an entry-level job at Home Depot or Costco, in part so he could receive health benefits.

Persons: —, Dan, He's, that's, I'm, it's, he's, he'd, they'll, Dan's, hasn't Organizations: Service, Yorker, Business, Bureau of Labor Statistics, Walmart, Depot Locations: Costco

☆ As Mexico’s New President, Claudia Sheinbaum Must Stop the Violence - The New York Times
▼ + stars: | 2024-06-03 | by ( Ioan Grillo | ) www.nytimes.com time to read: +2 min

In a village in the hills of Guerrero State, residents ran from their homes as drones flew overhead, dropping makeshift bombs. This violence is the most formidable challenge that Claudia Sheinbaum, whom the nation has just elected by a huge margin to be its first female president, will have to confront when she takes power in October. The run-up to the election was one of the most violent campaigns in Mexico’s recent history. Ms. Sheinbaum did not put this bloodshed at the core of her campaign. A 61-year-old environmental engineer and a member of the governing Morena party, Ms. Sheinbaum won the vote on promises to continue social programs of the current president, her mentor Andrés Manuel López Obrador, known as AMLO.

Persons: Claudia Sheinbaum, Sheinbaum, Andrés Manuel López Obrador Locations: Guerrero State, Mexico, Morena

☆ An icon of Detroit’s ruin is now a symbol of Motor City’s economic resurgence
▼ + stars: | 2024-06-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

CNN —For more than 35 years, Michigan Central Station has lain dormant, towering above Detroit’s Corktown neighborhood as a harsh and stoic reminder of the city’s economic pain. Now, Michigan Central Station, the neighboring old Book Depository and Butler himself are all symbols of hope for Detroit’s future and its ongoing economic resurgence. An aerial view of Michigan Central Station and the surrounding property, including the former Book Depository (left), under construction in 2020. Stephen McGee/Michigan Central Michigan Central Station's Grand Hall before and after the six-year renovation project funded by the Ford Motor Company. And with Michigan Central Station coming online, that’s only expected to grow.

Persons: Ronald Butler, “ We’ve, ” Butler, Timothy Fadek, ”, Henry Ford’s, Butler, James Haefner, Mary Culler, Ford, ‘, Kevin Johnson, Stephen McGee, ” Johnson, “, Johnson, Charles Dougherty, I’m, Geoff Robins, ’ ” Dan Austin, Eminen’s, Rebecca Cook, Bill Ford, CNN’s Poppy Harlow, Michigan Central Stephen McGee, tradespeople, Carlos Osorio, ” Austin, Josh Sirefman Organizations: CNN, Michigan Central, Detroit Fire Department, ”, Train Station, Motor, Detroit, Michigan Central Station, Storage Safety, Michigan, Ford Motor Company, Depository, Ford, Detroit Economic Growth Corporation, of Labor Statistics, Getty, Honda Accord, Reuters, Denver’s, Michigan Central Michigan Central Station's Locations: ” Michigan, Motor City, Michigan, Detroit, “, Wells Fargo, AFP, ”, ’ ” Dan Austin , Michigan, America, Indiana

☆ Electric Cars Are Suddenly Becoming Affordable
▼ + stars: | 2024-06-03 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

Alex Lawrence, a dealer in Salt Lake City who specializes in used electric cars, has seen a change over the last year in the kinds of customers who are coming into his showroom. Recently, Mr. Lawrence said, customers have been snapping up used Teslas for a little over $20,000, after applying a $4,000 federal tax credit. “We’re seeing younger people,” Mr. Lawrence said. The purchase price of the car has suddenly become in reach.”Regarded by conservative politicians and other critics as playthings of the liberal elite, electric vehicles are fast becoming more accessible. Federal tax credits of up to $7,500 for new electric cars, often augmented by thousands of dollars in state incentives, push prices even lower.

Persons: Alex Lawrence, Lawrence, “, Mr Locations: Salt Lake City

☆ How a peak boomer lives 'perfectly comfortably' on less than $30,000 a year after moving from Texas to tiny homes in New York and Florida
▼ + stars: | 2024-06-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Read previewSam Mitchell, 64, has a yearly income of below $30,000 a year from Social Security. It's a very different way of life from the corporate real estate job he had 15 years ago in Austin making six figures and owning five homes. "I am making a fourth of the money I was making in 2008, but nobody is going to do it." AdvertisementMoving to New York and FloridaTo start life anew, he bought a farm in Peru and built a small house. AdvertisementOnce Social Security payments kicked in, he relied on the $900 a month to get by.

Persons: —, Sam Mitchell, they're, Mitchell, It's, Keller Williams, Austin, Sancho Panza, he's Organizations: Service, Social Security, Business, Social, University of Florida, South, Southwest, Austin City, Austin Locations: New York, Florida, Austin, Ithaca , New York, Atlanta, Santa Cruz , California, Costa Rica, South Austin, Peru, Ecuador, California , Oregon, Washington, BestBuy

☆ See inside Ford's new tech campus, a century-old Detroit train station restored for $950 million
▼ + stars: | 2024-06-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

The $950 million project encompasses the 18-story former train station called Michigan Central Station – once the state's marquee transit building – an adjacent 270,000-square-foot building and other, supporting facilities. The 30-acre "Michigan Central" campus and station was initially announced in 2018 and slated to open by 2022. Train station campusThe Michigan Central campus is located southwest of Detroit's main business district in a trendy neighborhood known as Corktown. The Michigan Central campus in total spans 1.2 million square feet of commercial space, including retail, restaurants and hospitality. The restored grand waiting room inside Ford's Michigan Central Station in Detroit.

Persons: Michael Wayland, Bill Ford Jr, Ford, Bill Ford, He's, Henry Ford, Ford Ford, Josh Sirefman, it's, It's Organizations: CNBC DETROIT, Michigan Central, Ford, CNBC, General Motors, Renaissance, eBay, Michigan Central Station, Detroit, Michigan, Central Station, CNBC Ford, Architects, Detroit Public, Depository, Google, Detroit Lions Locations: Motor, Michigan, Detroit, Silicon Valley, California, East, Detroit's, Dearborn , Michigan, Ford's, Mankato, Indiana, CNBC, Motor City, Pontiac, Rouge

☆ RNC co-chair Lara Trump slams Maryland GOP Senate candidate Larry Hogan for urging Americans to ‘respect’ hush money verdict
▼ + stars: | 2024-06-02 | by ( Aaron Pellish | ) edition.cnn.com time to read: +2 min

CNN —Republican National Committee co-chair Lara Trump said Sunday that Maryland Republican Senate candidate Larry Hogan “doesn’t deserve the respect” of any Republican after he urged Americans to respect the verdict in Donald Trump’s hush money trial before it was delivered. I think it’s ridiculous,” Lara Trump, who is also the former president’s daughter-in-law, said. Asked Sunday whether the RNC would withhold money from Hogan’s campaign, Lara Trump declined to answer directly but again called Hogan’s statement “ridiculous.”“I’ll get back to you on all the specifics monetarily. Lara Trump added Sunday that “the American people have really spoken up” after the hush money conviction. It has gone way too far,” Lara Trump added.

Persons: Lara Trump, Larry Hogan “ doesn’t, Donald Trump’s, CNN’s Kasie, ” Lara Trump, “, Hogan, Donald Trump, ” Hogan, “ I’ll, ”, George H.W, Bush Organizations: CNN — Republican National Committee, Maryland Republican, Union, Republican Party, Trump, Republicans, Democratic, Democratic Party, Republican, Old, RNC Locations: “ State, Maryland, America, Manhattan, State

☆ America's richest self-made woman went from $900,000 in debt to billionaire—without a college degree
▼ + stars: | 2024-06-01 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

This week, Hendricks topped Forbes' recent American's Richest Self-Made Women list for the seventh consecutive year. Her estimated $20.9 billion net worth comes largely from her roofing materials company ABC Supply, which she co-founded with her late husband Ken Hendricks in 1982. Roofers often bought directly from individual manufacturers, locking them into an ecosystem and allowing manufacturers to drive up prices. They took out a $900,000 loan from Beloit Savings Bank and pledged everything they owned to launch their company and fill that gap, Hendricks said. "We felt like we [roofers] weren't being treated with respect," said Hendricks.

Persons: Diane Hendricks, Hendricks, Ken Hendricks, Ken, Forbes, Roofers Organizations: Forbes, ABC Supply, Beloit Savings Bank

☆ I spent a day with Chevrolet's two new electric cars. They may not be enough to turn the EV tide.
▼ + stars: | 2024-06-01 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Read previewChevy's electric aspirations are about to meet their toughest test yet with the launch of the Silverado EV and the Equinox EV. All of this adds up to the security that today's EV shopper is looking for, Majoros told me in an interview. The RST First Edition Silverado EV, which is on sale now, goes for $94,500. Equinox EV is a step in the right direction, but can it beat a hybrid? That could be bad news for Chevy dealers and Equinox EV, which might lose out in a comparison with Ford's or Toyota's hybrids.

Persons: —, Steve, Majoros, you've, it's, Ford's, Elon Organizations: Service, Silverado EV, GM, Business, Chevrolet, Motors, Silverado, Equinox Locations: Detroit

☆ These are dark times in a divided nation. Pickup basketball is a ray of hope
▼ + stars: | 2024-06-01 | by ( Thomas Lake | ) edition.cnn.com time to read: +9 min

Courtesy Matt WronkoskiBut when it’s good, and it usually is, there is something wonderful and irreplaceable about pickup basketball. But I still play pickup ball whenever I can, and recently I’ve been thinking about what it means for America in 2024. In a time when we’re divided by race and class and age, pickup ball cuts across those lines. Maybe this country would be a better place if it worked a little more like a pickup game. And a different basketball playerI was once an angry young man on the basketball court.

Persons: I’d, Thomas Lake, Matt Wronkoski, “ Ginobili, ”, you’d, Ruthie, Ruthie didn’t, Jimmy Dean, Corey, I’m, Corey wasn’t, Eric, John, We’d Organizations: CNN, rec, America, Spokane Hoopfest Locations: Jacksonville , Florida, America, St, Johns, Springfield , Massachusetts, Jacksonville

☆ Jeep reveals all-electric Wagoneer S in EV offensive, starting at $72,000
▼ + stars: | 2024-05-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

2024 Jeep Wagoneer S EV JeepNEW YORK – The first all-electric Jeep SUV for the U.S. will be the Wagoneer S, starting at about $72,000 when it's scheduled to go on sale this fall. The $71,995 starting price of the Wagoneer S EV sits between gas-powered versions of the Wagoneer, starting at about $63,000, and more luxurious Grand Wagoneer, starting at roughly $92,000. 2024 Jeep Wagoneer S EV JeepHe also said the company will release electric, extended-range versions of the traditional gas-powered Wagoneer and Grand Wagoneer in 2025. 2024 Jeep Wagoneer S EV "R-Wing" JeepDespite sharing the "Wagoneer" name with Jeep's current gas-powered model, the five-passenger, two-row EV shares little with its three-row traditional internal combustion engine counterpart other than some Jeep styling. Stellantis design chief Ralph Gilles during the unveiling of the Jeep Wagoneer S EV on May 30, 2024 in New York City.

Persons: Antonio Filosa, Filosa, Michael Wayland, Jeep, Carlos Tavares, Tavares, " Tavares, Massimo Pinca, Wagoneer, Ralph Gilles, Stellantis, Gilles Organizations: EV, CNBC, Reuters, Cherokee, CNBC Stellantis, U.S, Jeep Locations: U.S, North America, Turin, Italy, PHEVs, Europe, Mexico, New York City

☆ Costco shares dip despite earnings beat. There's no cause for investor concern
▼ + stars: | 2024-05-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

On an annual basis, Costco's EPS grew 29%. After closing at a record $815.34 per share Thursday, Costco's stock declined about 1.5% in extended trading. Core merchandise was flat on a reported basis, but a two-basis-point improvement when excluding the impact of gasoline. Costco's reporting segment for so-called "other" items saw a 57-basis-point benefit on a reported basis and a 56-basis-point benefit ex-gas. Costco's inflation update remained encouraging.

Persons: We're, Ron Vachris, Gary Millerchip, Vachris, Millerchip, Costco didn't, that's, Richard Galanti, Jim Cramer's, Jim Cramer, Jim Organizations: Costco Wholesale, Costco, LSEG, Wholesale, Walmart, Club, Amazon, CNBC, Costco Self, Ucg, Getty Locations: U.S, Canada, Queens , New York

☆ These S&P 500 stocks are cheap and well-liked by analysts heading into June
▼ + stars: | 2024-05-30 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

The company has a low forward price-to-earnings ratio of roughly 8.6. Ulta Beauty also made the screen as a cheap stock that analysts are bullish on. The stock has a 14.5 forward price-to-earnings ratio and a consensus buy rating from analysts polled by FactSet. Online pickup orders inside an Ulta Beauty store in the Upper East Side neighborhood in New York, US, on Monday, Nov. 27, 2023. The stock has a 14.5 forward price-to-earnings ratio and a consensus buy rating from analysts polled by FactSet.

Persons: Jefferies, Trevor Williams, We're, FactSet, Stifel, Ulta, General Motors, Bing Guan Organizations: Dow Jones, Nasdaq, CNBC, Financial, Global Payments, Jefferies, JPMorgan, Cadillac, Chevrolet, General, FedEx, Halliburton, Gilead Sciences, CVS Health, Bloomberg, Getty, CVS, Epam, Motors, HAL Halliburton, Resorts, JBL, LKQ, Vegas Sands Corp, MGM MGM Resorts International, LSEG Financial, Inc Locations: Gilead, New York

☆ Best Buy surges on signs that the expected AI-driven PC and smartphone refresh is starting
▼ + stars: | 2024-05-30 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Bottom Line This was a better-than-feared quarter from Best Buy. Services are an area that Best Buy can lean into and leverage to differentiate from online retailers like Amazon . Importantly, she noted that not only will Best Buy have the largest assortment of AI-enabled PCs but over 40% of that assortment will be exclusive to Best Buy. Going back to how Best Buy can compete with the likes of Amazon, Best Buy is working closely with vendors on marketing strategies and demonstrations to offer a "unique educational and interconnected digital shopping journey." Bimal Tandel photographs Bhavin Tandel and Dinesh Tandel, crew members on the Klara Oldendorff, in front of a Best Buy in Timonium, Maryland, U.S., March 29, 2024.

Persons: Corie Barry, we're, Barry, FactSet, Jim Cramer's, Jim Cramer, Jim, Bimal, Bhavin Tandel, Dinesh Tandel, Klara Oldendorff, Julia Nikhinson Organizations: LSEG, Services, Amazon, Computer, Target, Walmart, Costco, Barry, Apple, CNBC Locations: Timonium , Maryland, U.S

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