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☆ Amazon, Etsy, eBay, and Shopify sellers feel the squeeze of higher fees. Now they must get creative to stay profitable.
▼ + stars: | 2023-03-17 | by ( Madeline Stone | ) www.businessinsider.com time to read: +7 min

Etsy, eBay, Amazon, and Shopify have all raised fees for sellers in recent months. Amazon has also steadily raised fees for its Fulfillment by Amazon service since 2020. But he says things have gotten progressively more difficult in the last year as sales and traffic declined, inflation has squeezed his margins, and eBay has raised fees. Courtesy of Elizabeth MorganElizabeth Morgan, who sells handmade earrings on Etsy, said that she raised her prices by about 5% after Etsy raised fees last year. The Etsy fee hike has been more impactful, however.

☆ The whole point of computers is to make your life easier, says Neil deGrasse Tyson
▼ + stars: | 2023-03-16 | 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 EmailThe whole point of computers is to make your life easier, says Neil deGrasse TysonNeil deGrasse Tyson, astrophysicist at the Museum of Natural History, joins CNBC's Brian Sullivan and 'Last Call' to discuss the impact of artificial intelligence on students and society.

Hazardous "forever chemicals" called PFAS are in most Americans' blood, and they don't break down. One simple chart shows how long PFAS last in human bodies, compared to substances like caffeine or lead. Per- and polyfluoroalkyl substances (PFAS) are a class of thousands of human-made chemicals, which are likely in your food, water, clothes, and furniture. "Once they get into your body, they stick around for a really, really long time," Carmen Messerlian, an environmental epidemiologist who studies PFAS at Harvard's TH Chan School of Public Health, told Insider. That research tells us how long PFAS can linger in our blood, compared to toxic heavy metals or everyday substances like caffeine.

☆ Tyson to Close Two Chicken Plants, Laying Off 1,700 Workers
▼ + stars: | 2023-03-14 | by ( Patrick Thomas | ) www.wsj.com time to read: 1 min

Tyson Foods Inc. plans to shut down two of its poultry plants and lay off nearly 1,700 workers as it tries to improve its chicken operations that produce about one-fifth of the U.S. supply. Tyson notified the nearly 1,000 employees at its Van Buren, Ark., chicken plant on Monday that it would close on May 12, the company said. About 700 workers at Tyson’s plant in Glen Allen, Va., also found out on Monday that its plant would close in May, according to the local United Food and Commercial Workers International Union, which represents employees at the Virginia plant.

☆ Tyson Foods to shut two US chicken plants with nearly 1,700 workers
▼ + stars: | 2023-03-14 | by ( Tom Polansek | ) www.reuters.com time to read: +3 min

CHICAGO, March 14 (Reuters) - Tyson Foods Inc (TSN.N) will close two U.S. chicken plants with almost 1,700 employees on May 12, the company said on Tuesday. Tyson will shut a plant in Glen Allen, Virginia, with 692 employees and a plant in Van Buren, Arkansas, with 969 employees, according to a statement. "The current scale and inability to economically improve operations has led to the difficult decision to close the facilities," Tyson said. Shuttering plants is difficult but justified as Tyson seeks to improve performance, said Arun Sundaram, senior equity analyst at CFRA Research. Tyson had about 124,000 U.S. employees as of Oct. 1, including 118,000 workers at non-corporate sites like meat plants, regulatory filings show.

☆ Tyson Foods to shut two U.S. chicken plants with nearly 1,700 workers
▼ + stars: | 2023-03-14 | by ( Tom Polansek | ) www.reuters.com time to read: +1 min

CHICAGO, March 14 (Reuters) - Tyson Foods Inc (TSN.N) will close two U.S. chicken plants with almost 1,700 employees on May 12, the company said on Tuesday. The closures show that the biggest U.S. meat company by sales is still trying to figure out how to improve its chicken segment that has struggled for years. Tyson Foods will shut a plant in Glen Allen, Virginia, with 692 employees and a plant in Van Buren, Arkansas, with 969 employees, according to a statement. "The current scale and inability to economically improve operations has led to the difficult decision to close the facilities," the company said. The United Food and Commercial Workers union, which represents employees at Tyson's plant in Virginia, slammed the decision to close the facility.

☆ Tyson is laying off nearly 1,700 poultry plant workers
▼ + stars: | 2023-03-14 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Tyson is laying off nearly 1,700 workers as it closes two poultry plants in an effort to boost profits. In this case, Tyson is pointing to weakness in its poultry operations. Tyson, a major meat and poultry processor, mentioned problems in its chicken business during a February analyst call discussing the company’s most recent quarterly results. Tyson announced Wes Morris as the new head of its poultry business in January. Morris, a long-time employee of the company, left Tyson in 2017 and had since consulted for its poultry business.

☆ Tyson Foods to lay off 1,700 workers, close two chicken plants
▼ + stars: | 2023-03-14 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

A package of Tyson Foods Inc. chicken is arranged for a photograph in Tiskilwa, Illinois. Tyson Foods will close two chicken plants in May, affecting nearly 1,700 employees. "While the decision was not easy, it reflects our broader strategy to strengthen our poultry business by optimizing operations and utilizing full available capacity at each plant," Tyson said in a statement to CNBC. The company's plants in Van Buren, Arkansas, and Glen Allen, Virginia, will close May 12. Coca-Cola offered voluntary buyouts to North American workers, while PepsiCo cut jobs in its Frito-Lay and North American beverage units.

☆ Why EV dealers might try to coax you into a 6-month lease
▼ + stars: | 2023-03-13 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Only used electric cars priced under $25,000 can qualify for a used EV tax credit. Automakers might offer shorter lease terms on new EVs to get those cars into the used market sooner. And automakers and dealers, in anticipation of what the used EV tax credit can do for them in terms of spurring demand with customers who might not consider an EV otherwise, might adjust their EV lease contracts accordingly. But for other, cheaper models, automakers want to profit off those cars as much as possible, so that might mean some unconventional lease terms. That gives customers the opportunity to lease an EV for a short period of time and makes the used EV market more accessible.

☆ Automakers are using a legal loophole to get customers an extra $7,500 tax credit — and business is booming
▼ + stars: | 2023-03-09 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Automakers might pass along the commercial EV credit to customers that lease their EVs. Last summer's Inflation Reduction Act introduced rules for new and used EVs to qualify for crucial tax credits. Startup Lucid, along with at least 10 "traditional" automakers, are leveraging the commercial credit, according to data from J.D. Meanwhile, automakers are interested in leasing EVs in part due to the commercial and used EV tax credits. Being able to pass along the commercial EV credit could bring in customers that might not have otherwise considered electric.

☆ Automakers abandoned the 'starter car' — and it's raising prices for everyone
▼ + stars: | 2023-03-07 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Many car companies are prioritizing high-profit vehicles over starter cars. Though those figures are averages, it's clear that lower-end vehicles are more costly than they used to be — a direction automakers have been moving in for years. "There is definitely a void happening in the market for those vehicles," Kunes added. What car buyers can look out forThe used market isn't much better, Kunes noted — the average used vehicle transaction price was $29,226 last month, per J.D. Power — "which really puts a lot of pressure on that lower-end market, and there's no manufacturers really stepping up to fill that void."

☆ NHL roundup: Bruins bounce Rangers for 10th straight win
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +9 min

At the end of a board battle behind Elliott in the second period, Hinostroza one-timed his second goal off a pass from Casey Mittelstadt at 5:35 for Buffalo's first lead. Captain Dylan Larkin scored in the second period and Magnus Hellberg made 32 saves for the Red Wings, who have lost five straight games (0-4-1). Bennett, who had missed six straight games, scored one goal. Capitals 8, Sharks 3Craig Smith scored twice in Washington's four-goal second period and the visitors rallied for a win against San Jose. Predators 3, Blackhawks 1Philip Tomasino, Tyson Barrie and Colton Sissons scored for visiting Nashville in a win against Chicago.

☆ Nestle, Tyson and other food giants bet on air fryer boom to grow sales
▼ + stars: | 2023-03-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

An Air Fryer for sale at Kroger Marketplace in Versailles, Kentucky, U.S., on Tuesday, Nov. 24, 2020. Adam Graves, president of Nestle U.S.'s pizza and snacking division, said the company is leaning into the air fryer boom through its frozen food brands, specifically to offer customers more value. Other Nestle products, like Hot Pockets, now include air fryer cooking instructions alongside directions for heating up in the microwave and oven. Tyson is also a third of the way through adding air fryer directions to its packaging for its frozen prepared foods. The air fryer directions are boosting Tyson's brand favorability, according to Hall, who cited recent brand health data.

☆ Car buyers rejoice: Discounts are making a comeback — but you might have to ask for them
▼ + stars: | 2023-03-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Car buyers didn't see the end-of-year blowout sales in November and December that they had been used to in holiday seasons' past. Instead, shoppers had to settle for new and used vehicles with markups above sticker price and no wiggle room. That puts discounts now at around $1,297, about 1% higher than the same time in 2022, Deutsche Bank analysts estimated this week. Where buyers might find the best incentivesLuxury vehicles saw the highest incentives at 6.2% in January, KBB said. "There's also some loyalty cash, and there's a pretty decent amount of rebates on some of the higher end vehicles.

☆ Meet the typical electric-vehicle buyer: A wealthy millennial trading in a luxury gas-powered car
▼ + stars: | 2023-02-28 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Non-luxury EVs are attracting former luxury buyers. As more electric vehicles have hit the market, the buyer base for them is continuing to skew younger. Since 2019, Gen X has overtaken the Boomer generation as the second-largest pool of EV buyers in the U.S., J.D. Only 28.5% of EV buyers in 2022 were women, compared to 29.1% in 2019. For the Kia brand more broadly, only about 6% of buyers are trading in luxury vehicles.

☆ Tommy Fury defeats Jake Paul in Saudi showdown
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +2 min

"Tonight I made my own legacy, I made my own legacy," Fury said, finally stepping out of the shadow of his illustrious boxing family. "All the way through these two and a half years, I had a dream, a vision, and no-one believed me. A short left hand downed Fury in the eighth and final round to shift the momentum in Paul's favour to set up a grandstand finish in which both men chased a knockout punch that never materialised. "All respect to Tommy, he won, don't judge me by my wins, judge me by my losses. I'll come back, I thought I deserve that rematch, it was a great fight, a close fight," Paul said in the ring as his boxing record slipped to six wins and one loss.

☆ Paul, Fury hit their marks ahead of Saudi celebrity boxing showdown
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +2 min

RIYADH, Feb 25 (Reuters) - Jake Paul and Tommy Fury made weight on Saturday ahead of their showdown in Saudi Arabia on Sunday, when both men will put their unbeaten records on the line in a long-awaited contest more about celebrity bragging rights than punching prowess. "Tomorrow night his time is up, Jake Paul will no longer be boxing. I'm going to put Jake Paul away inside four rounds," a riled-up Tommy Fury said from the stage. The 23-year-old Fury may have a more traditional boxing background behind his record, but he is more famous for his celebrity sibling and his career in British reality TV than his pugilistic skills. "Like the posters say, the talk is over, we've done all the 'yeah, yeah, yeah', all the hoopla.

☆ NHL roundup: Bruins edge Kraken on Jake DeBrusk's late tip-in
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +7 min

Brandon Carlo scored the first of the Bruins' two third-period goals, while McAvoy and Hampus Lindholm had two assists apiece. The winning goal was DeBrusk's third goal in three games since returning from injuries. Minnesota killed off its 22nd straight penalty in the win and has not given up a power-play goal in nine straight games. Oilers 7, Penguins 2Connor McDavid had two goals and two assists as Edmonton scored seven straight goals to defeat host Pittsburgh. Vincent Trocheck scored the only goal for the Rangers, who have lost three straight following a seven-game winning streak.

☆ Even astrophysicist Neil deGrasse Tyson has 'no idea' what the large metal ball that washed up on a Japanese beach really is
▼ + stars: | 2023-02-24 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Even Neil deGrasse Tyson doesn't have an explanation for the mysterious ball that washed up in Japan. When asked about the ball, the astrophysicist told CNN's Don Lemon he has "no idea" what it is. In an interview on Thursday, CNN's Don Lemon asked Tyson what the metal ball was. Lemon then jokingly asked what was the point of having Tyson on the show if he did not know what the ball was. The metal ball was removed from the beach earlier this week, the BBC confirmed in a report on Thursday.

Jake Paul will box Tommy Fury in a highly anticipated fight in Saudi Arabia. Paul vs. Fury (PPV Fight) Jake Paul will face Tommy Fury in an ESPN+ pay-per-view match on February 26. How to watch Paul vs. FuryYou can watch Paul vs. Fury on ESPN+ starting at 2 p.m. No matter how you subscribe to ESPN+, it still costs an additional $50 to unlock streaming access to the Paul vs. Fury main event. Paul vs. Fury fight card

☆ Stay away: These stocks are expensive and most vulnerable to a consumer slowdown, Wolfe Research says
▼ + stars: | 2023-02-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Consumer spending is likely to turn negative following "a series of rolling recessions," and there are several vulnerable stocks that investors may want to steer clear of in the months ahead, according to Wolfe Research. Most of them have highly volatile gross margins, leaving them vulnerable to disappointing consumer spending. It's followed in volatility by Peloton , with gross margin volatility of 31%. Its gross margin volatility is 13%. DraftKings and Las Vegas Sands are also near the top in terms of gross margin volatility, at 26% and 25%, respectively.

☆ Top 25 roundup: No. 25 Texas A&M hangs on vs. No. 11 Tennessee
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +6 min

The Volunteers pulled within 64-63 when Zakai Zeigler (14 points) made a layup with 25 seconds to play. 9 Baylor 65Keyontae Johnson scored 25 points to lead the Wildcats past the Bears in Manhattan, Kan., for their second victory in a row. LJ Cryer scored 16 points and Jonathan Tchamwa Tchatchoua recorded 11 points and 12 rebounds for the Bears, who have lost two in a row after winning 10 of their previous 11 games. Creighton's Baylor Scheierman recorded 18 points and 13 rebounds and Ryan Nembhard had 16 points. Jalen Hood-Schifino had 16 points for the Hoosiers, who had won nine of their previous 11 games.

☆ NHL roundup: Ryan O’Reilly's hat trick leads Leafs
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +8 min

O'Reilly's goals -- his first since joining Toronto in a trade with St. Louis last Friday -- marked his fourth career hat trick. John Tavares added a goal and three assists, William Nylander had a goal and an assist, and Michael Bunting also scored for Toronto. 700, has collected nine points (five goals, four assists) during a six-game point streak. The Canucks scored goals just 51 seconds apart late in the third period to tie it 4-4. Tampa Bay stretched its franchise-record home point streak to 15 games (14-0-1).

☆ The soft landing is still alive for the economy, but so is inflation
▼ + stars: | 2023-02-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The soft landing is still alive, but so is inflation Watching the stock market from Yucatan last week, it was pretty clear that firmer inflation numbers from the consumer price index and producer price index meant the glidepath to lower inflation will likely be bumpier than the bulls have been hoping for. The problem is clear: We have to figure out the glidepath of the inflation decline. We'll get more inflation data this week with the personal consumption expenditures price index on Friday. The good news is that other economic data indicates that the economy is very strong, particularly on the jobs front . The problem is a lack of bounce in growth stocks: Technology is expected to be flat in 2023, with only a modest 8.7% bounce in communication services earnings expected.

☆ NHL roundup: Avs come from behind to down Oilers in OT
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +5 min

Compher had a goal and three assists, and Nathan MacKinnon posted a goal and two helpers for Colorado. Valeri Nichushkin, Logan O'Connor and Artturi Lehkonen also scored, Samuel Girard had two assists and Alexandar Georgiev turned away 35 shots. Leon Draisaitl and Tyson Barrie each had a goal, Cody Ceci had two assists and Jack Campbell made 37 saves. Ridly Greig scored his first NHL goal, Claude Giroux had two assists and Mads Sogaard made 30 saves. Wild 4, Predators 3Ryan Hartman scored with 21 seconds remaining, and Minnesota defeated Nashville after surrendering a two-goal, third-period lead.

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