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☆ Swedish battery maker Northvolt says head of Europe’s first homegrown gigafactory to step down
▼ + stars: | 2024-10-09 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Employees of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological investigation on the Northvolt site. Sweden's Northvolt on Wednesday said the head of its main plant, Europe's first homegrown gigafactory for lithium-ion battery cells, will step down with immediate effect. The position will be held until the end of the year as the company seeks to secure a permanent replacement for CEO of Northvolt Ett, it added. Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately held tech firms that builds lithium-ion batteries for the electric vehicle industry. The strategic action required the company to cut a total of 1,600 jobs in Sweden, Northvolt said.

Persons: Northvolt, Mark Duchesne, Northvolt Ett, Angéline J, Bilodeau Organizations: Office, Volkswagen, Volvo Locations: Sweden, North America, Stockholm

Minneapolis CNN —One state audit found that bonus checks intended for frontline workers during the pandemic were handed out to undeserving recipients. Another criticized a Minnesota state agency for failing to ensure there were no conflicts of interest in taxpayer-funded mental health and addiction programs. His fans were easy to find last month at the Minnesota State Fair, which drew nearly 2 million people this year. Republican state Sen. Mark Koran, second from right, speaks with constituents at the Minnesota State Fair. “We are troubled by MDE’s decision,” the auditor’s report said, using the acronym for the Minnesota Department of Education.

Persons: Tim Walz, Judy Randall, –, Walz, Randall, “, ”, Lisa Demuth, Elizabeth Flores, Sen, Mark, Governor Walz, Rick Hansen, Erik Biever, ” “ Tim Walz, Stephen Maturen, Willie Jett, Jett –, ” Walz, “ There’s, Mark Koran, CNN “ They’ve, they’ve, Dan Myers, ’, Blois Olson, he’s, “ They’re, ” Olson, Olson, Aimee Bock, Bock, Bock –, MDE, ” Andrew Luger, Glen Stubbe, Andrew Luger, ” Luger, Walz’s, Heather Mueller –, Jett, Ann, Keith Ellison, Scott Jensen, ” Jensen, “ Who’s, ” Miriam Ackerman, ” Randall, Democrat Mark Dayton –, Lisa Demuth CNN Walz, haven’t, Bill Walsh, Randall “, … you’re Organizations: Minneapolis CNN, Democratic Gov, CNN, of Public, Democratic, GOP, Twin Cities, Star Tribune, Getty, Republican, ”, Randall’s Office, Legislative, Minnesota State Fair, Gov, Minnesota Department of Education, Minnesota Star Tribune, Congressional Republicans, Democrats, Minnesota, Fair, University of Minnesota, Republicans, White, Democrat, FBI, Feds, Minneapolis TV, –, Department of Human Services, DHS, of, American Locations: Minneapolis, Minnesota, unaccountability, East

☆ Meeting the Future of Media
▼ + stars: | 2024-10-02 | by ( Kate Rooney | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeeting the Future of MediaAI tools are helping companies create better content and reach more customers as technology continues to evolve at a breakneck pace. MNTN President & CEO Mark Douglas and Runway Co-founder & CEO Cristóbal Valenzuela join us to talk about how AI is changing the media landscape and what they see as the most important developments that will help business leaders stay ahead of the curve.

Persons: Mark Douglas, Cristóbal Valenzuela Organizations: Media, Runway

☆ The future of Obamacare hangs on a few seats in Congress. Here's what could happen next
▼ + stars: | 2024-10-01 | by ( Annie Nova | ) www.cnbc.com time to read: +7 min

"I'm not running to terminate the ACA," former President Donald Trump wrote in a Truth Social post in March. That is, unless he could "come up with a plan that's going to cost our people, our population, less money and be better health care than Obamacare." Around 60% of Americans hold a favorable opinion of the 2010 health care law, a recent KFF poll found. The Harris campaign released a report on Monday that paints a dire picture of health care under a hypothetical Trump administration. The average ACA plan deductible, or amount a person must spend before their coverage kicks in, was over $3,000 in 2024, with some plan deductibles exceeding $7,000, KFF found.

Persons: Charles Schumer, Hakeem Jeffries, Chip Somodevilla, Donald Trump, Trump, Barack Obama's, Cynthia Cox, Cox, they'll, Harris, it's, Joseph Costello, " Costello, Joe Raedle, Deductibles, KFF, Sabrina Corlette, Georgetown University's, Mark Duggan, Wayne, Jodi Cooperman, they're Organizations: Affordable, U.S, Capitol, Senate, Obamacare, American, ACA, Cox, Leading Insurance Agency, Democratic, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Stanford University, Republicans, Congressional, Office, KFF Locations: Washington ,, KFF, Miami , Florida, Texas , Wyoming, Florida

☆ Tesla Q3 deliveries preview: Wall Street expects a beat as Musk & Co. get their 'mojo' back
▼ + stars: | 2024-10-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Tesla's third-quarter vehicle deliveries are expected to exceed Wall Street estimates. AdvertisementTesla's upcoming third-quarter vehicle deliveries report should impress investors, according to Wall Street experts. Tesla stock has been on a wild ride this year. AdvertisementBarclays: 'Concerns on fundamentals have dissipated'Barclays analyst Dan Levy is expecting Tesla to report solid vehicle deliveries later this week, according to a recent note. Levy said that thanks to expected strength in Tesla's China business, the company will announce third-quarter vehicle deliveries of 470,000, ahead of Wall Street estimates.

Persons: —, Goldman Sachs, Tesla, Dan Levy, Levy, Mark Delaney, Delaney, Dan Ives, Ives Organizations: Barclays, Service Locations: China, flattish, Europe

Meanwhile, Pivotal Research initiated coverage of Google-parent Alphabet with a buy rating and a price target that implied upside of nearly 30%. The investment firm upgraded the cleaning products maker to a buy rating from hold. Analyst Kaumil Gajrawala accompanied the move by raising his price target to $187 from $174. Simultaneously, the analyst set a new target price of $200, which is approximately 26% above Monday's close. Analyst Asiya Merchant maintained her price target of $37, which implies that shares of HP could rise 3%.

Persons: Goldman Sachs, Kaumil Gajrawala, Gajrawala, Clorox, Lisa Kailai Han, Jeffrey Wlodarczak, Wlodarczak, Zuckerberg, Raymond James, Adam Tindle, Tindle, Atlassian, Asiya Merchant, Merchant, Mark Delaney, Ford, Delaney, they've, GOOG, Kamala Harris, — Fred Imbert Organizations: CNBC, Ford Motor, Google, Jefferies, Meta, Citi, HP, HP Inc, Ford, EV, Ford Pro Locations: Monday's, China, Japan, EBIT

☆ Hurricane Helene: Local broadcasters become lifeline for hard-hit N.C. communities
▼ + stars: | 2024-09-30 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

With some ground-based communications in tatters from the storm, Starling said the stations had resorted to using SpaceX’s satellite internet service Starlink to remain online. In the wake of the storm, WWNC and other local news outlets region produced indispensable service journalism as communities reeled from the disaster. During WWNC’s marathon live broadcast, listeners were urged to keep the faith and have patience, since the recovery effort will take weeks. Wilson told CNN, “We’ve had people calling all day long trying to locate other people.”Starling said the radio network’s live coverage began on Thursday as Helene approached Florida’s Gulf Coast. We’re all neighbors.”Starling laughed on air about looking forward to seeing his local Amazon delivery driver once again.

Persons: Paul, ” Paul, iHeart, Mark Starling, ”, Starling, Eddie Foxx, Ashley Wilson, Wilson, couldn’t, Helene, ” Foxx, Foxx, “, “ We’ve, ” Starling, hadn’t, We’re, Mark, Apple Crisp, ” Wilson Organizations: CNN, Radio, iHeartMedia, Sunday, Asheville Citizen, Times, Public Radio, Apple Locations: North Carolina, tatters, Asheville, Charlotte, New Orleans, “, Florida’s Gulf Coast, Georgia

☆ Both Trump and Harris say they'll build more border wall. In this county, the parts have been waiting, and rusting, since 2021.
▼ + stars: | 2024-09-29 | by ( Laura Strickler | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

When President Joe Biden took office, he immediately halted border wall construction. “Vice President Harris believes in tough, smart solutions to secure the border, keep communities safe, and reform our broken immigration system,” Ehrenberg said. The border bill would have provided 1,500 more border personnel, upgraded technology and kicked off the “immediate resumption” of the border wall construction that was underway in 2021, according to its text. Del Cueto’s union supported the bipartisan border bill that is the basis for Harris’ border plan. “What I would say to Vice President Harris is she’s been there for 3 1/2 years.

Persons: Kamala Harris, Donald Trump’s, Harris, Joe Biden, Mark Dannels, it’s, ”, Dannels, Biden deputized, Mia Ehrenberg, Donald Trump, Trump, ” Ehrenberg, Consuelo Hernandez, Hernandez, ” Trump, Biden, Del Cueto, Del Cueto’s, she’s Organizations: NBC News, NBC, Border Patrol, National Border Patrol Council, Trump Locations: Cochise County , Arizona, Mexico, Cochise County, Coronado, Hereford, Ariz, U.S, Tucson, California, ”, Arizona, Rio Grande Valley of Texas, Rio Grande, Harris ’

☆ Israel strikes Beirut suburb, Nasrallah's fate unclear after Friday's massive attack
▼ + stars: | 2024-09-28 | by ( ) www.cnbc.com time to read: +3 min

Residents check the damaged in the aftermath of overnight Israeli bombardment in Beirut's southern suburbs, on September 28, 2024. Smoke could be seen rising over the city's Hezbollah-controlled southern suburbs, known as the Dahiyeh. The Israeli military said a missile fired at central Israel on Saturday had struck an open area. There was no immediate confirmation of Nasrallah's fate after Friday's heavy strikes, but a source close to Hezbollah told Reuters he was not reachable. Israel has not said whether it tried to hit Nasrallah, but a senior Israeli official said top Hezbollah commanders were targeted.

Persons: Sayyed Hassan Nasrallah, Nasrallah, Sari, Muhammad Ali Ismail, Hossein Ahmed Ismail, Mark Daou, Walid Khayrallah Organizations: Reuters Locations: Beirut's, Israel, Lebanon, Iran, Beirut, Bekaa, Gaza, United States, Iranian, Tehran, Bhamdoun

☆ Tesla could have a tough time living up to the hype around its robotaxi event
▼ + stars: | 2024-09-28 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

The recent hype lifted Tesla's stock into positive territory for the year, and it's now up nearly 5% in 2024. A high-risk, high-reward venture Analysts polled by LSEG have a consensus price target of $210.71 on Tesla shares, implying a decline of 19% from Friday's close. "We believe widescale Tesla robotaxi deployment is unlikely in the coming years," Spak added. Still, the bull case around Tesla's robotaxi ambitions highlights the company's potential to provide cost-effective technology. Morgan Stanley analyst Adam Jonas is a Tesla bull with an overweight rating and a $310 price target — reflecting 19% upside.

Persons: it's, It's, Tesla, CFRA's Garrett Nelson, I've, Nelson, Bernstein, Nikhil Devnani, Joseph Spak, Spak, Tesla's, Elon, Bernstein's Devnani, Goldman Sachs, Mark Delaney, Morgan Stanley, Adam Jonas, Jonas, hasn't, CFRA's Nelson, Nelson's, Morgan Stanley's Jonas Organizations: Investors, Tesla, CNBC, LSEG, UBS, Guggenheim, Vehicle Passenger Service Locations: Los Angeles, U.S, Europe, China, Friday's, United States

☆ Trademark dispute emerges over Tiger Woods' new logo
▼ + stars: | 2024-09-26 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Tiger Woods speaks during the launch of Tiger Woods and TaylorMade Golf's new apparel and footwear brand "Sun Day Red" at Palisades Village on February 12, 2024 in Pacific Palisades, California. Tigeraire , a company that makes cooling products for athletes, has filed a notice of opposition with the U.S. Patent and Trademark Office, alleging that Sun Day Red and Tiger Woods have "unlawfully hijacked" Tigeraire's design into their own branding. Tiger Woods' new logo for his Sun Day Red golf apparel line is facing a trademark dispute. TaylorMade Golf, the company behind Sun Day Red, told CNBC, "We have full confidence in the securitization of our trademarks." Sun Day Red was launched in May, following Woods' 27-year partnership with Nike.

Persons: Tiger Woods, Woods, he's Organizations: Tiger, U.S . Patent, Sun, CNBC, Nike Locations: Pacific Palisades , California

☆ Goldman recommends buying Tesla call options before two big catalysts in October
▼ + stars: | 2024-09-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Tesla is slated to report its third-quarter delivery numbers next week, followed by a long-awaited robotaxi event on Oct. 10. To take advantage of the robotaxi event and the deliveries update, Marshall highlighted the Oct. 24 expiry call options on Tesla at a $255 strike price. TSLA 5D mountain Shares of Tesla closed less than $1 below Goldman's suggest strike price on Tuesday. Currently, Tesla options seem cheap relative to their history, according to Goldman. Options traders risk losing the premium paid for the contract if the stock fails to rise above the strike price.

Persons: Tesla, Goldman Sachs, John Marshall, Mark Delaney, Goldman, Marshall Organizations: Goldman Sachs Automobiles, Bloomberg News, Tesla

☆ A US ally in the Pacific says it wants to keep a new American missile system that China got all 'dramatic' about 'forever'
▼ + stars: | 2024-09-25 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewA top Philippine general wants a new US missile system to remain in the country "forever" to boost its defenses and deterrence capabilities. The American weapon, the Mid-Range Capability missile system, has drawn China's ire. The MRC, also known as Typhon, is the US Army's new ground-based missile system capable of firing both the Standard Missile 6 and Tomahawk Land Attack missile. The Typhon system fills a gap in the US arsenal, offering a particularly versatile new land-based intermediate-range missile option as US rivals develop and field similar capabilities. Its ongoing deployment has angered China, which has repeatedly demanded the missile system be removed and accused the US of fueling an arms race.

Persons: —, Romeo Brawner Jr, he'd, Taylor, Enrique Manalo, Wang Yi, Manalo, Christine Wormuth Organizations: Service, MRC, Business, Armed Forces, Nuclear Forces Treaty, U.S . Navy, Associated Press, US, Association of Southeast, Nations, US Army, Force Locations: Philippine, Beijing, Philippines, China, Pacific, U.S, Washington, Manila, Laos, Japan

☆ Prosecutors want to bring attempted assassination charge against man in Trump golf incident. Here’s what they’d have to prove
▼ + stars: | 2024-09-24 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +4 min

Prosecutors have already charged Ryan Wesley Routh with two firearms offenses, and a federal magistrate judge on Monday ordered him detained pending further court proceedings. The attempted assassination charge is “pretty rare,” according to former FBI Deputy Director Andrew McCabe, a CNN senior law enforcement analyst. But it has been used in other high-profile attempted assassination cases, such as that of a man charged with traveling to Brett Kavanaugh’s Maryland home with a gun, burglary tools and other equipment in an apparent attempt on the Supreme Court justice’s life. To prove their case, prosecutors would have to convince a jury that Routh took affirmative steps to carry out a plot to kill the former president. Ron DeSantis said last week that the state “will be conducting its own investigation regarding the attempted assassination at Trump International Golf Club.” Routh has not been charged in state court.

Persons: Donald Trump, Mark Dispoto, Ryan Wesley Routh, Andrew McCabe, Brett Kavanaugh’s, Routh, ”, David Aaron, Trump, “ It’s, ” Aaron, ” McCabe, “ don’t, “, Aaron, Ron DeSantis, ” Routh, McCabe, They’re, ” CNN’s Holmes Lybrand Organizations: CNN, US Department of, Justice Department, United, Prosecutors, ” Former Justice Department, Justice, Florida Gov, Trump International Golf, Republican Locations: United States, Brett Kavanaugh’s Maryland, Florida

☆ Inside the island fortress of America's mega-billionaires
▼ + stars: | 2024-09-22 | by ( Guthrie Scrimgeour | ) www.businessinsider.com time to read: +21 min

An Israeli-designed radar system encircling the island can detect passersby, in low visibility, from half a mile away. Often described as "butlers with badges," the Indian Creek police force is unlike most of its counterparts. The Indian Creek radar can detect objects on the water and use artificial intelligence to classify them according to the risk they pose. With the new security system, the Indian Creek police appear to have turbocharged their enforcement of regulations in the surrounding waters. Properties in the neighborhood are also being bought up by opaquely named LLCs tied to Indian Creek residents.

Persons: —, I've, I'm, — they're, Norman Braman's, Tom Brady, Carl Icahn, Jeff Bezos, we've, Tiffany, William Henry Hoover, Frank Woolworth, Saratta, Gerardo Vildostegui, Vildostegui, it's, Irma Braman, Bernard Klepach —, Mike Bullman, Chandan Khanna, Justin Ross, who's, Ross, Gail Golden, Javier Holtz, Marko Gojanovic, Gojanovic, he's, Dina Goldentayer, Don Shula, opaquely, LLCs, Julio Iglesias, Surfside, Tim Will, Will, America's, Elon Musk, you'd, there's, Brian Daniel, Low, John Bernardo, Klepach, Guthrie Organizations: Public Space Research, City University of New, Indian, Jewish, Indian Creek Country, Security Solutions, Police, Getty, Biscayne, Indian Creek Police, Marquis Bank, Miami Dolphins, BI, CUNY Locations: Indian, Biscayne Bay, America, Miami, Qatar, Israeli, City University of New York, Florida, Surfside, Surfside's, York City, United Kingdom, Japan, Germany, India, stoke, Washington , DC

☆ Panthers-Raiders game marks a first for the NFL with two women presidents at the helm
▼ + stars: | 2024-09-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

"I'm really proud of this moment," Carolina Panthers President Kristi Coleman told CNBC ahead of the game. The game is the first time two female presidents will go head-to-head in professional football. When the Carolina Panthers take on the Las Vegas Raiders on Sunday, it will mark a historic first for the National Football League. The NFL says 22 women currently hold full-time coaching positions in the NFL. As part of growing and developing that pipeline of women, the NFL holds an annual Women's Forum.

Persons: Kristi Coleman, David Tepper, Dave Canales, Coleman, Sandra Douglass Morgan, Mark Davis, Douglass Morgan Organizations: Carolina Panthers, CNBC, NFL, Las Vegas Raiders, National Football League . Carolina Panthers, Bank of America, Panthers, Tepper Sports & Entertainment, NFL League Office, The Institute, Diversity, University of Central Locations: Charlotte , North Carolina, Sport, University of Central Florida

☆ Actor Mark Duplass on 'Penelope' TV series, streaming in Hollywood and creating a streaming hit
▼ + stars: | 2024-09-18 | 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 EmailActor Mark Duplass on 'Penelope' TV series, streaming in Hollywood and creating a streaming hitActor, writer and producer Mark Duplass joins 'Squawk Box' to discuss his latest independent series 'Penelope', impact of streaming on Hollywood, how to create a streaming hit in today's media landscape, and more.

Persons: Mark Duplass, Penelope Organizations: Hollywood

Here's a full list of the winner's from Sunday night's 76th Primetime Emmy Awards, so far. Supporting actress in a limited or anthology series:WINNER: Jessica Gunning, “Baby Reindeer”Dakota Fanning, “Ripley”Lily Gladstone, “Under The Bridge”Aja Naomi King, “Lessons In Chemistry”Diane Lane, “Feud: Capote vs. The Swans”Nava Mau, “Baby Reindeer”Kali Reis, “True Detective: Night Country”Outstanding reality competition program:WINNER: “The Traitors”“The Amazing Race”“RuPaul’s Drag Race”“Top Chef”“The Voice”Outstanding lead actress in a comedy seriesWINNER: Jean Smart, “Hacks”Quinta Brunson, “Abbott Elementary”Ayo Edebiri, “The Bear”Selena Gomez, “Only Murders in the Building”Maya Rudolph, “Loot”Kristen Wiig, “Palm Royale”Supporting actress in a drama series:WINNER: Elizabeth Debicki, “The Crown Netflix”Christine Baranski, “The Gilded Age”Nicole Beharie, “The Morning Show”Greta Lee, “The Morning Show”Lesley Manville, “The Crown”Karen Pittman, “The Morning Show”Holland Taylor, “The Morning Show”Supporting actress in a comedy series:WINNER: Liza Colón-Zayas, “The Bear”Carol Burnett, “Palm Royale”Hannah Einbinder, “Hacks”Janelle James, “Abbott Elementary”Sheryl Lee Ralph, “Abbott Elementary”Meryl Streep, “Only Murders In The Building”Outstanding lead actor in a comedy series:WINNER: Jeremy Allen White, “The Bear”Matt Berry, “What We Do in the Shadows”Larry David, “Curb Your Enthusiasm”Steve Martin, “Only Murders in the Building”Martin Short, “Only Murders in the Building”D’Pharaoh Woon-A-Tai, “Reservation Dogs”Supporting actor in a drama series:WINNER: Billy Crudup, “The Morning Show”Tadanobu Asano, “Shōgun”Mark Duplass, “The Morning Show”Jon Hamm, “The Morning Show”Takehiro Hira, “Shōgun”Jack Lowden, “Slow Horses”Jonathan Pryce, “The Crown”Supporting actor in a comedy seriesWINNER: Ebon Moss-Bachrach, “The Bear”Lionel Boyce, “The Bear”Paul W. Downs, “Hacks”Paul Rudd, “Only Murders In The Building”Tyler James Williams, “Abbott Elementary”Bowen Yang, “Saturday Night Live”

Persons: Jessica Gunning, Dakota Fanning, “ Ripley, Lily Gladstone, Aja Naomi King, Diane Lane, Nava, Kali Reis, “, ”, Jean Smart, ” Quinta Brunson, “ Abbott, Selena Gomez, Maya Rudolph, ” Kristen Wiig, Elizabeth Debicki, Netflix ” Christine Baranski, Nicole Beharie, Greta Lee, Lesley Manville, Karen Pittman, Holland Taylor, Liza Colón, Zayas, Carol Burnett, Hannah Einbinder, ” Janelle James, ” Sheryl Lee Ralph, Meryl Streep, Jeremy Allen White, Matt Berry, Larry David, Steve Martin, Martin, D’Pharaoh Woon, Billy Crudup, Tadanobu Asano, “ Shōgun, Mark Duplass, Jon Hamm, Takehiro Hira, Jack Lowden, Jonathan Pryce, Ebon Moss, Bachrach, Lionel Boyce, Paul, ” Paul Rudd, ” Tyler James Williams, ” Bowen Yang Organizations: Netflix Locations: “

☆ MNTN CEO on how streaming revenue strategies are changing
▼ + stars: | 2024-09-12 | 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 EmailMNTN CEO on how streaming revenue strategies are changingMNTN CEO Mark Douglas joins CNBC's 'The Exchange' to discuss streaming platforms' war for subscribers, whether smaller players can catch up to Netflix and Disney, and more.

Persons: Mark Douglas, CNBC's Organizations: Netflix, Disney

☆ Walmart is taking dollar stores’ customers
▼ + stars: | 2024-09-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Dollar Tree also owns the long-struggling Family Dollar chain. While dollar stores once expanded to reach a growing number of financially strapped Americans, they underestimated just how financially strapped many Americans would become. “They missed the fact in tough times the consumer would be looking for consumables.”Meanwhile, Dollar Tree has been weighed down by its purchase of Family Dollar. Earlier this year, Dollar Tree announced that Family Dollar will close more than 900 stores, and it subsequently said it will explore a sale or spinoff of Family Dollar. In previous times of financial stress, Dollar General has seen middle-income and slightly more affluent households trade down into Dollar General to save money.

Persons: Michael Lasser, —, Todd Vasos, Vasos, Mike Creedon, aren’t, “ They’re, ” David D’Arezzo, “, ” Neil Saunders, ” Organizations: New, New York CNN, Walmart, UBS, Dollar General, Dollar, CNN, Target Locations: New York

☆ This water treatment startup is already a unicorn, and has $225 million in VC funding
▼ + stars: | 2024-08-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

While it might seem like humans and animals consume most of the world's water, heavy industry uses up to half of it. That's why business sectors are looking for new ways to recycle water, especially in the face of increased drought. The global water and wastewater treatment market is expected to reach half a trillion dollars by the end of this decade, according to Statista. "Other technologies can recover maybe 50 to 60% of water, but we can recover 99% of water," Govindan said. It claims to save 1.7 billion gallons of water daily, or the amount consumed by 48 million people.

Persons: Prakash Govindan, Anurag Bajpayee, Govindan, Gradiant, Mark Danchak, Warburg Pincus, Lisa Rizzolo Organizations: Massachusetts Institute of Technology, MIT, BMW, Pfizer, Adnoc, General Innovation Capital Partners, G Investments, Clearvision Ventures, CNBC Locations: Statista, Veolia, Boston

☆ America’s latest deliciously horrifying stadium food: cotton candy burrito
▼ + stars: | 2024-08-09 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

The NFL’s Arizona Cardinals unveiled a cotton candy burrito at the State Farm Stadium in Glendale, Arizona, for the 2024 season. Think of it like a normal burrito, but instead of a tortilla, someone is wrapping sugary insides in sheets of cotton candy. Companies will often promote unique or wacky food items to bring attention to the brand ahead of important events or seasons. Stadium concessions at NFL games are known to have had strange food items in the past, from dessert nachos to 7-pound burgers. The cotton candy burrito, along with other new menu additions such as a jalapeno cheddar dog-a-dilla, will only be available at the club level at the 64,000-seat stadium.

Persons: Mark Dalton Organizations: New, New York CNN, NFL’s Arizona Cardinals, M’s minis, NFL, Cardinals, State, Twitter, Companies, Culinary Locations: New York, Arizona, Glendale , Arizona

☆ Retailers are tricking consumers into spending more with earlier-than-ever Halloween rollout
▼ + stars: | 2024-08-09 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

But all the excitement to get a jump start on Halloween comes as consumers are showing more signs of financial stress. Tricking consumers into treating themselves more“It’s clear that consumers have been interested in buying Halloween products earlier and earlier,” said Champine. Michaels said it started selling Halloween goods in June, the earliest the retailer has ever done so. The initial launch of Halloween goods at Michaels “has been consistently beating our internal expectations,” he added. By selling Halloween goods earlier, they’re likely hoping it’ll decrease the likelihood of having to discount, she added.

Persons: can’t, ”, Laura Champine, they’re, Joe Feldman, Michaels, ” John Gehre, Michaels “, ” Kelsey Robinson, Lance Allen, “, ” Allen, David Zalubowski, they’ve, they’ll, Champine, ” Lowe’s, Feldman Organizations: New, New York CNN, Disney, Walt Disney, Loop, Telsey Advisory, CNN, Costco, Consumer, McKinsey, Labor, Depot Locations: New York, Los Angeles, Sheridan , Colorado, Lowe’s

☆ Alphabet's ad revenue dip is a buying opportunity, says MNTN CEO Mark Douglas
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet's ad revenue dip is a buying opportunity, says MNTN CEO Mark DouglasMark Douglas, CEO of MNTN, joins CNBC's 'The Exchange' to discuss Alphabet's earnings, why advertisers don't like YouTube, and more.

Persons: Mark Douglas Mark Douglas Organizations: YouTube

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. "At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable," wrote analyst Nik Modi. "However, with minimal upside to our revised $47 price target and a relatively 'balanced' risk-reward between our $28 bear case …. –Samantha Subin 5:54 a.m.: Wall Street stands by Alphabet, AI potential post-earnings Wall Street analysts remain bullish on the outlook for Alphabet , even after the stock fell on the back of its second-quarter results. His price target of $425, up from $320, implies upside of more than 28% from Tuesday's close.

Persons: Goldman Sachs, Lauder, Estee Lauder, Nik Modi, Modi, Estee, – Samantha Subin, Morgan Stanley downgrades, Morgan Stanley, Adam Jonas, Jonas, Samantha Subin, Dan Levy, Tesla, Michaeli, Bernstein's Toni Sacconaghi, Mark Delaney, GOOGL, Doug Anmuth, Justin Post, Eric Sheridan, Brent Thill, Sheridan, Fred Imbert Organizations: CNBC, Spotify, RBC, Markets, Motors, GM, General Motors, Tesla, Barclays, YouTube, Bank of America, Google, Jefferies Locations: China, 1H25, Tuesday's

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