DIRS.INFO The most relevant business & tech news

☆ 10 things to watch in the stock market Friday including more optimism on Apple's AI plan
▼ + stars: | 2024-06-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Meanwhile, Melius Research upped its price target on the leading artificial intelligence chipmaker to $160 a share from $125. Their new price target is $477 a share, down from $535. DA Davidson started coverage of Club name Palo Alto Networks with a buy rating and price target of $380 a share. Snowflake 's price target at Wells Fargo was lowered to $200 a share from $225, though analysts kept their buy rating on the data-analytics stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Stocks, Dow, Oppenheimer, Bernstein, Toni Sacconaghi, It's, Northrop Grumman, Analysts, Davidson, billings, Morgan Stanley, Frank Slootman, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Nvidia, Research, Nike, Analysts, Apple, Northrop, Palo Alto Networks, Alcoa, JPMorgan, Kroger, Jim Cramer's Charitable, CNBC Locations: Freeport, McMoRan, Wells

☆ Jeff Bezos is a 'brilliant man' for what he's done at Whole Foods, says ex-CEO: 'He thinks really long term'
▼ + stars: | 2024-06-15 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

In the eyes of Whole Foods co-founder John Mackey, Jeff Bezos is a "brilliant man" — all because of a few price cuts at the grocery chain. Whole Foods was struggling with declining sales when Bezos' Amazon bought the grocery chain for $13.7 billion in 2017. Shoppers were already looking elsewhere after larger, less expensive rivals like Walmart started stocking more organic foods to appeal to Whole Foods' target customers. That included producing a greater number of products from Whole Foods' in-house 365 brand, which Amazon also started selling online. "I hardly ever hear the 'whole paycheck' narrative any longer—that's due to Amazon," Mackey said.

Persons: John Mackey, Jeff Bezos, Jeff, Mackey, Fortune, Bezos, IBISWorld, Bezos —, — Organizations: Foods, Amazon, Shoppers, Walmart, CNBC

☆ As a Canadian, I've spent hundreds of dollars just to shop at Trader Joe's. These are the 9 items I swear by.
▼ + stars: | 2024-06-05 | by ( Anna Haines | ) www.businessinsider.com time to read: +1 min

I'm a Canadian who's a huge fan of Trader Joe's, a chain I can only visit in the US. I've spent a lot of money and time going to Trader Joe's, and I have a few favorite products. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmerican chain Trader Joe's continues to grow and expand, with plans to open at least 20 new locations this year. This story is available exclusively to Business Insider subscribers.

Persons: I'm, Joe's, I've, Bamba, —, South America — Organizations: Service, South America, Business Locations: Canadian, Canada, American, Fort Lauderdale, South

☆ I spend $500 at Costco every month shopping for my family of 5. Here are 10 of my favorite things to buy.
▼ + stars: | 2024-06-01 | by ( Chris Bibey | ) www.businessinsider.com time to read: +1 min

I live in Pittsburgh with my wife and our three children, and I love to shop at Costco. I spend around $500 a month at the bulk grocer because I do most of my shopping there. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To avoid blowing through our grocery budget as inflation keeps jacking price tags up, I do the majority of our shopping at Costco. Here are 10 of my favorite things I buy for my family of five at Costco.

Persons: Nutella, — Organizations: Costco, Gatorade, Service Locations: Pittsburgh

☆ Amazon Fresh is the latest retailer to cut prices to win over inflation-weary shoppers
▼ + stars: | 2024-05-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Amazon Fresh is cutting prices on about 4,000 products through weekly sales. Walmart and Target have also cut prices as customers deal with the long-term effects of inflation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmazon is the latest major retailer to cut grocery prices. The retail giant will drop prices on about 4,000 items — some by up to 30% — at its Amazon Fresh chain, the company told CNN.

Persons: — Organizations: Walmart, Target, Service, CNN, Business

☆ Burger prices are up. But your barbecue could be relatively cheap
▼ + stars: | 2024-05-25 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

But even with the increases, your home-grilled burger could end up being relatively inexpensive this year thanks to steep discounts offered by retailers vying for budget-conscious customers. Justin Sullivan/Getty ImagesCondiment prices saw a sharper jump with ketchup rising 8.9%, hot sauce increasing 7.6% and regular barbecue sauce spiking 14.6%. But the increases don’t take into account the year’s many Memorial Day deals. Supermarket chain Kroger also has Memorial Day specials, including reduced rates for home brand sliced cheese, hamburger buns and potato chips. Chicken breast prices, for example, fell 2.5% in the year through April, according to Circana, while wings have plunged 9.2%.

Persons: Burger, Justin Sullivan, ”, Chris DuBois, “ Organizations: New, New York CNN, Consumers, Kroger, Aldi Locations: New York, Circana

☆ Amazon is slashing prices on 4,000 grocery items, joining Target and Walmart
▼ + stars: | 2024-05-24 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Amazon Fresh has joined the growing ranks of retailers that are cutting prices. It is discounting thousands of grocery items in a bid to entice price-conscious shoppers to add a little bit more to their shopping carts. In the game of chicken between stores and shoppers, it’s the stores that finally appear to be yielding. For Prime members, Amazon Fresh is stacking more savings by offering a 10% discount on hundreds of online grocery items. Last week, Walmart (WMT) said it has rolled back prices on nearly 7,000 items in its stores, saying it was seeing deflation on some key grocery items.

Persons: Sarah Wyeth, “ There’s, ” Wyeth, ” Claire Peters Organizations: New, New York CNN, Target, Walmart, Shoppers, CNN, Savings, Amazon, Aldi Locations: New York, United States

☆ Mumbai, India: Billionaires, Bollywood celebrities cast their vote in the world’s largest election
▼ + stars: | 2024-05-21 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

Bollywood actor Shah Rukh Khan, along with his family, leaves a polling booth after casting his ballot in Mumbai on May 20, 2024. Sujit Jaiswal/AFP/Getty ImagesThe “King of Bollywood” Shah Rukh Khan was seen leaving a Mumbai polling booth with his family – wife Gauri, daughter Suhana, and sons Aryan and Abram. Bollywood actors Ranveer Singh and Deepika Padukone arrive to cast their ballots at a polling station in Mumbai on May 20, 2024. Residents queue to cast their vote on May 20, 2024 in Mumbai, India. Voters wait to cast their vote in Chandivali, Mumbai, on May 20, 2024.

Persons: Narendra Modi, Shah Rukh Khan, Sujit Jaiswal, ” Shah Rukh Khan, Gauri, Suhana, Aryan, Abram, Amitabh Bachchan, ” Khan, “ Let’s, Deepika Padukone, Ranveer Singh, Mukesh Ambani, Nita, Akash, Akshay Kumar, “, Aishwarya Rai Bachchan, Stringer, Shiv Sena —, Satish Bate, Sachin Chaudhary Organizations: CNN, Getty, Bharatiya Janata Party, BJP, Indian National Congress, Hindustan Times, Getty Images Locations: Mumbai, Maharashtra, India’s, AFP, Andheri, “, India, Mumbai’s, West Bengal, Getty Images Mumbai, New York, Chandivali

☆ Walmart says more diners are buying its groceries as fast food gets pricey
▼ + stars: | 2024-05-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation's largest grocer sees a sales opportunity. As customers see some grocery items stay the same price or even become cheaper, the gap between buying menu items and cooking food at home has grown even wider, he said. As of April, the price of food at home, a category that measures the total cost of food purchased at grocers or other food stores, was up 1.1% year over year. The price of food away from home rose significantly more: 4.1% year over year.

Persons: John David Rainey, McDonald's, Chris Kempczinski, John Furner, Furner, — CNBC's Amelia Lucas Organizations: Walmart, CNBC, Yum Brands, Management Solutions, Restaurant, U.S . Labor Department, Walmart U.S Locations: U.S, Connecticut

☆ Mumbai, India: Wealth gap on voters’ minds as country’s richest city gears up for election
▼ + stars: | 2024-05-15 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

Mumbai, India CNN —For millions of Indians, it’s the city where dreams come true – just look around. Vegetable seller Sachin Chaudhary poses for a picture during an interview with CNN in Mumbai, India, on April 16, 2024. A billboard with India's Prime Minister Narendra Modi displayed on a road in Mumbai, India on April 15, 2024. Noemi Cassanelli/CNNA man cycles along a road in front of the Shiv Sena headquarters in Mumbai, India, on April 16, 2024. Sanjay Sardesai sits on his motorbike outside of the Indian National Congress headquarters during an interview with CNN in Mumbai, India, on April 16, 2024.

Persons: Mukesh Ambani, ’, ”, Sachin Chaudhary, Noemi Cassanelli, Rajani Bhat, “ I’m, “, ” Rajani Bhat, Narendra Modi, ” Kalpita Shinde, it’s, Helen D’Souza, ” Helen D’Souza, CNN ‘, Shiv Sena, Bhat, chai, Parag Sawla, Parag, Chaudhary, Modi, Sanjay Sardesai, CNN Sanjay Sardesai Organizations: India CNN, CNN, Bharatiya Janata Party, BJP, India's, sips, Indian National Locations: Mumbai, India, New York, Colaba, Modi, Dadar

☆ I'm a mom of 4 who follows the Mediterranean diet and shops at Aldi. Here are 12 things I love to buy.
▼ + stars: | 2024-05-15 | by ( Jennifer Barton | ) www.businessinsider.com time to read: +1 min

I'm a mom of four in London who loves saving money on groceries at Aldi. For my kids, I'll pick up snacks and ingredients for easy meals I know they'll love. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs the mom of a teen, a tween, and two younger kids, I'm always looking for easy ways to save time and money on groceries. This story is available exclusively to Business Insider subscribers.

Persons: —, I'm, it's Organizations: Aldi, Service, Business Locations: London, Germany

☆ Thursday, May 9, 2024: Cramer calls this grocery stock 'consistent' after its monthly sales report
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Thursday, May 9, 2024: Cramer calls this grocery stock 'consistent' after its monthly sales reportJim and Jeff discuss the earnings report and stock move for this grocer. They also talk about the share drop of this healthcare stock. Finally, they break down the earnings miss for this healthcare stock.

Persons: Cramer, Jim, Jeff

☆ Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth
▼ + stars: | 2024-04-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

And its low-priced reputation has helped the company attract higher income grocery shoppers as inflation pinches budgets. On Tuesday, the big-box retailer said it will roll out a private label called BetterGoods, a line of more trend-and chef-driven foods. Walmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a period of high inflation. Another grocery brand it debuted, Favorite Day, is made up of creative takes on ice cream bars and trail mixes. The new private brand will join Walmart's existing collection of private brands in the grocery department, which includes Great Value — the country's largest private grocery brand by revenue, according to Numerator, a market research firm.

Persons: Costco's Kirkland, Kroger Organizations: Walmart, Aldi, Grocers, Target, Smart Locations: U.S

☆ This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year
▼ + stars: | 2024-04-25 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Gek Teng Pang founded Surrey Hills Grocer in 2021. Success didn't come easy for Pang Gek Teng. Today, she is the proud founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand with five locations across Singapore. Navigating the entrepreneurial worldBetween quitting her job and starting Surrey Hills Grocer, Pang founded five different businesses. Pang opened her first Surrey Hills Grocer store in December 2021, and eventually went on to open four other locations.

Persons: Gek Teng Pang, Pang Gek Teng, Pang, That's, —, Alvin Lau, she's Organizations: Surrey Hills Grocer, CNBC, Surrey Hills, University of Newcastle, CNBC she's Locations: Singapore, Australian, Australia, Surry Hills

☆ I shopped at Trader Joe's daily until Aldi won me over. I finally understand why people love the chain so much.
▼ + stars: | 2024-04-24 | by ( Kate Collins | ) www.businessinsider.com time to read: +4 min

Read previewBefore I shopped at Trader Joe's, I was never loyal to any one grocery store. That's why when I worked near Trader Joe's, I stopped there daily. I also began to notice how long the Aldi produce he bought lasted in our fridge. It didn't feel cramped like Trader Joe's, which made browsing easier. Just like the seasonal items that stoke Trader Joe's fandom, Aldi's Finds are ever-changing and quirky.

Persons: —, Joe's, I'd, Adam McCullough, Shutterstock, Aldi's, I've Organizations: Service, Business, Aldi, stoke Locations: Aldi

☆ 4 healthy but convenient breakfast swaps to try if you want to cut down on ultra-processed foods, according to a dietitian
▼ + stars: | 2024-04-24 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Read previewMany of the convenient breakfast foods found in grocery stores are ultra-processed, from cereals to bars. But healthier alternatives that are still easy to pick up and go do exist, a dietitian told Business Insider. At the same time, dietitians have previously told BI that it can be unwise to stop eating all UPFs because some are healthier than others and they can be a cheap and easy way to consume nutrients. When it comes to breakfast, experts agree that the ideal meal includes protein, carbs, and healthy fats. AdvertisementBreakfast barsMany people grab breakfast bars for on-the-go mornings, but they often contain lots of sugar and saturated fats.

Persons: —, dietitians, Tracy Lockwood Beckerman, Beckerman, Mush's, Juli Keene, Marissa Arnone, Granola Organizations: Service, Business Locations: New York, granola

☆ When Tesla shares fall, these 6 stocks tend to rise, according to recent history
▼ + stars: | 2024-04-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Six stocks in the S & P 500 tend to rise when Tesla shares fall, according to an analysis of recent data by CNBC Pro . The share price performance of these S & P 500 stocks was inversely correlated to Tesla's last month. A correlation of 0 would indicate no statistical link between the EV automaker's stock and the share price of the six companies. The table below highlights the ten stocks in the S & P 500 that had the strongest inverse correlation with Tesla's share price last week (between Apr. 20): Consumer products maker Church & Dwight is the only stock that was inversely correlated to Tesla both in March and last week.

Persons: Wells, Tesla, Emmanuel Rosner, Dwight, Fred Imbert Organizations: CNBC Pro, Linde, FMC, eBay, Church, Walmart, Tesla, Deutsche Bank, EV, CNBC Locations: U.S

☆ Aldi’s ‘aisle of shame’ is a middle row of goodies that have nothing to do with groceries. Shoppers are huge fans of it
▼ + stars: | 2024-04-19 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

Inside every Aldi store is a single aisle of merchandise that mostly has nothing to do with groceries. The Wednesday rush can often be pinned on die-hard Aldi shoppers, 3 million of whom are members of the very active Aldi Aisle of Shame Facebook page and frequently post about their latest aisle of shame hauls. They know it’s Aldi,” Pratt said. The German Supermarket acquired Winn-Dixie, Harveys Supermarkets and other grocery stores in the Southeast in an attempt to increase its presence in the region. That’s where this aisle of shame fits in and helps Aldi offer its low prices overall.”

Persons: New York CNN — Caitlyn Pratt, Pratt, Aldi’s, who’s, ” Pratt, she’s, “, Caitlyn Pratt, Caitlyn Pratt Pratt, ”, I’ve, Britney Henderson, Britney Henderson Britney Henderson, “ I’m, ” Henderson, Aldi, John Clear, Alvarez, Clear, Jason Hart, Brandon Bell Organizations: New, New York CNN, Walmart, Aldi, CNN, ALDI, Morning, Target, Costco, German Supermarket, Harveys, Products Locations: New York, Heavener , Oklahoma, Arkansas, Iowa, Atlanta , Georgia, It’s, Pflugerville , Texas, Winn

☆ Amazon hired an ex-Trader Joe's employee to access company secrets and replicate products from the grocer: WSJ
▼ + stars: | 2024-04-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

According to the Journal, Amazon appeared to have a model it wanted to replicate for Wickedly Prime: Trader Joe's. AdvertisementAccording to the report, Amazon wanted to replicate the top 200 items sold at Trader Joe's. The Amazon manager also pressed the ex-Trader Joe's employee for data on the margins for each product. The former Trader Joe's employee's experience gives an inside look at Amazon's broader, aggressive efforts to compete with other grocers. Trader Joe's established a cult following with its customers partly by developing snacks and foods through its private label.

Persons: —, Joe's, Nakia Rohde Organizations: Service, Street Journal, Amazon, Business, Wickedly Prime, The, Foods

☆ I read my grandparents' love letters from the 1920s. It was a gift to see how their relationship began.
▼ + stars: | 2024-04-13 | by ( Courtenay Rudzinski | ) www.businessinsider.com time to read: +4 min

But tucked away securely in a string-wrapped envelope was a stack of love letters my grandfather wrote to her when they were dating. These treasured notes from the 1920s were fragile and falling apart — and a time capsule of what dating was like 100 years ago. I know how it ended — my grandparents sitting at their Formica kitchen table, watching the hummingbirds and sharing the daily newspaper — but what a gift to see how it began. I saved notes my husband wrote me when we were dating, but my kids and their friends don't communicate this way anymore. Love letters, written in cursive and sealed with a kiss, may truly be a relic of the past.

Persons: She'd, Austin — Uber, Alice, I'm Organizations: Service, Business, Texas, Sears Roebuck, tote Locations: San Marcos , Texas, Austin, Fort Worth, Waco

☆ I work at Aldi and cook for my family of 4. Here are 9 high-quality dinner items I can't believe I got at the budget grocer.
▼ + stars: | 2024-04-07 | by ( Dajha Zamot | ) www.businessinsider.com time to read: +1 min

As an Aldi employee, the budget grocer is my go-to for high-quality dinner items for my family. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI've worked at Aldi for two years and am always searching for dinner items that feel high-end. Turns out I'm not alone, as more shoppers turn to Aldi to grab groceries and quick meals for their families. To help you decide which dinner items to add to your cart, here are nine luxurious-feeling foods I've gotten at Aldi.

Persons: Bremer Salisbury, —, I've, I'm Organizations: Aldi, Kirkwood, Service Locations: Kirkwood Buffalo

☆ New Yorkers are freaking out about — and poking fun at — the 4.8-magnitude earthquake that rocked the East Coast
▼ + stars: | 2024-04-05 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Here are some of the best jokes and memes to come out of the estimated 4.8-magnitude quake. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . East Coast residents were shaken up on Friday morning by an earthquake with an estimated magnitude of 4.8. The next earthquake might not happen for another 10 years, but it's best to be prepared with more than just your smartphone.

Persons: —, New York ”, dGKBvjpTPq — philip lewis, Erewhon, Hailey Bieber smoothie, — Walter Hickey, l Organizations: New York, Service, East, Empire, York Metro, Apple, San, NYC, Earthquake, ust Locations: New, New York City, East Coast, West, New York, New Jersey, —, York, of, Los Angeles, Yorkers, @WaltHickey

☆ Trader Joe's is accused of ripping off smaller food brands
▼ + stars: | 2024-04-03 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

In return for private labeling her product for Trader Joe's, she was told she would receive a modest finder's fee based on the co-packer's profits—not a percentage of Trader Joe's sales. After sharing samples with the co-packer and sending a counteroffer asking for greater transparency, she never heard back from him or from Trader Joe's. The small brand owners said that Trader Joe's tactics were unlike Costco or other big chains that do private labeling. Trader Joe's did not immediately respond to a request for comment from Business Insider. AdvertisementI love shopping at Trader Joe's not only because it has good prices on staples, but fun new items to try.

Persons: —, Joe's, Joe, Stacy's pita, pita, Tribe, Abraham, packer Organizations: Service, Joe's, Costco, Business Locations: Brooklyn Delhi, California, Zara

NEW YORK (AP) — It may not be too “appeeling,” but the price tags of some bananas are rising by a few cents. Trader Joe's recently upped the price for a single banana to 23 cents, a 4-cent — or 21% — increase from the grocer's previous going rate for the fruit that had remained unchanged for over 20 years. In contrast to other foods more heavily impacted by inflation, bananas have stayed relatively affordable over time — with average global prices never exceeding more than about 80 cents per pound (0.45 kilograms). Still, banana prices have seen some jumps in recent years. In the U.S., the cost of a pound of bananas averaged at about 63 cents last month.

Persons: Joe's, “, we’ve, Louis, ” Neil Saunders, Saunders Organizations: Federal Reserve Bank of St, United Nations, Food, Agriculture Organization Locations: Monrovia , California, U.S, —

☆ Trader Joe’s just increased the price of a banana for the first time in more than 20 years
▼ + stars: | 2024-03-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Food prices have gone a bit bananas — and that includes a famously priced 19-cent fruit at Trader Joe’s. The snack-heavy grocer told CNN on Monday that it recently increased the price of the banana to 23 cents, a more than 20% increase. The 19-cent banana is a well-known deal at Trader Joe’s — so much so that it’s ranked as the favorite piece of produce by the company’s customers. However, CBS News reported that experts from the World Banana Forum in March warned that climate change and rising temperatures can drive up banana prices. Trader Joe’s noted it has been able to lower prices for some of its other produce, such as raw almonds, romaine hearts, organic tri-color bell peppers, and green onions.

Persons: we’ve, fanbases, Joe’s, romaine, Dan Bane, Sonny …, they’ve, ” Bane Organizations: New, New York CNN, CNN, Food and Agriculture Organization, United Nations, Bureau of Labor Statistics, CBS News Locations: New York

Search resuls for: "Grocer"

25 mentions found