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☆ Albertsons calls off merger and sues Kroger
▼ + stars: | 2024-12-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Grocery chain Albertsons called off its $25 billion merger with Kroger, ending the largest proposed merger in US supermarket history. “We have made the difficult decision to terminate the merger agreement,” Albertsons CEO Vivek Sankaran said in a statement Wednesday. Albertsons also sued Kroger for breach of its contract agreement, alleging Kroger caused the merger to be blocked. Supermarkets have been losing ground in recent decades to competition, and Kroger and Albertsons wanted to merge to better fight off Walmart and Amazon. The merger would eliminate head-to-head competition between Albertsons and Kroger, potentially raising prices for consumers, she said in the ruling.

Persons: Vivek Sankaran, Harris Teeter, Fred Meyer, Kroger, ”, Adrienne Nelson, Nelson, Lina Khan, Khan, Rodney McMullen, “ We’ve, we’ll Organizations: New, New York CNN, Albertsons, Kroger, Safeway, Vons, Walmart, Amazon, Federal Trade Commission Locations: New York, Oregon, America

☆ Walgreens could sell to private equity — and investors are thrilled
▼ + stars: | 2024-12-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Walgreens is in talks to sell itself to private equity firm Sycamore Partners. Walgreens is considering selling itself to a private equity firm, in a deal that could be done early next year. Private equity firms typically buy companies they see as struggling and work to make them profitable before selling them as a whole or in parts after a couple of years. Walgreens and Sycamore Partners did not immediately respond to a request for comment sent outside regular business hours. AdvertisementAt least one other private equity firm has unsuccessfully tried to take Walgreens private.

Persons: cannibalization Organizations: Walgreens, Sycamore Partners, Street, Sycamore, CVS, Rite Aid, Walmart, Target, L Brands, KKR Locations: Sycamore

Judge Adrienne Nelson said Tuesday afternoon that a merger between the two companies would end up harming consumers. The two companies "engage in substantial head-to-head competition and the proposed merger would remove that competition," Ferguson wrote. As a result, the proposed merger would likely to lead to outcomes that "unilaterally" harm consumers, and is thus "presumptively unlawful. " Judge Ferguson also ruled the merger would be bad for workers, arguing increased consolidation would reduce workers' bargaining power. Kroger shares closed up 5% Tuesday, while shares of Albertsons, based in Boise, finished 2% lower.

Persons: Adrienne Nelson, Ferguson, Judge Ferguson, Kroger, Nelson, Biden, Lina Khan Organizations: U.S, District, Kroger, Albertsons, Federal, Walmart, Target Locations: Oregon, Cincinnati, Boise

SKIP AHEAD Best exercise bikes to shop | How to buy the best stationary bike for you | What about Peloton? : Exercise bikes typically have a weight limit for users — our options can hold at least 270 pounds. Warranty: For higher-end exercise bikes, our experts recommend looking for at least a one-year warranty. The best exercise bikes to shop in 2024Listed below are highly rated and expert-recommended exercise bikes at various price points that align with our experts’ guidance. Maybe you want to easily adjust the bike’s resistance, move its handlebars or just need something quiet for nighttime sweats.

Persons: —, ”, Eric Ridings, Zach Moxham, “, it’s, Angelina Palermo, It’s, Ashley Morris, Godio, TikTok Organizations: NBC, Health, Sunny Health, Walmart, Schwinn, ” Ridings, Bluetooth, Ridings, USA Cycling, Facebook, Twitter Locations: Chicago, “, New York City

☆ Goldman's favorite retail stocks for 2025 including an under-the-radar discounter
▼ + stars: | 2024-12-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs sees an improved path ahead for retail stocks and offered some ways to play the space. Managing director Kate McShane said retail stocks should continue to rise in 2025. Plus, some retail stocks should be helped by company efforts to build out alternative revenue streams, she added. In this environment, McShane told clients about long ideas that fit these themes and her favorite stock ideas within the space. However, after 2024's big run, the average analyst polled by LSEG sees shares pulling back about 5%.

Persons: Goldman Sachs, Kate McShane, McShane, Donald Trump, OLLI, FactSet, LSEG, AutoZone Organizations: President, Revenue, Walmart Locations: Pennsylvania, Minnesota, Williams, Sonoma

☆ 76% of workers say they do more than is expected of them—but are unhappy with their pay and lack of remote work
▼ + stars: | 2024-12-10 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Another 38% report feeling somewhat satisfied, while just 12% say they're not satisfied. Workers are unhappy with a lack of remote work and low payBut a few sore points stick out: A whopping 40% of workers say they're not satisfied with their flexibility to work remotely. 3 biggest factor where workers say they're unhappy. For example, while 44% of workers say they were happy with their opportunities for training and development in February 2023, just 37% felt the same way by October 2024. Most workers say they go above and beyond at work

Persons: they're, hasn't Organizations: Pew Research Center, Fortune, Amazon, Citigroup, Walmart, UPS, Pew

☆ These 'old economy' stocks primed to do well in the AI age are buys heading into 2025, investor says
▼ + stars: | 2024-12-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Now, Tengler is in large part focused on investing in "old economy" companies that have pivoted to new technologies as AI beneficiaries. Our theme is the old economy companies that have pivoted to new technologies," she told CNBC in an interview Wednesday. Wall Street is similarly bullish Home Depot, with the majority of analyst ratings either a strong buy or buy, according to LSEG. Within industrials and consumer discretionary stocks, Tengler said she liked the so-called companies that provide the tools and services for the AI industry. Investing in old economy companies that use AI has been a theme for Tengler for a while.

Persons: Nancy Tengler, Russell, Tengler Organizations: Investments, CNBC, Walmart, Home, Emerson Electric, Trump

☆ Costco stock is not cheap. Here's why Jim Cramer says the premium is more than worth it
▼ + stars: | 2024-12-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Another banner year for Costco shares has prompted some on Wall Street to question whether the stock is out over its skis. The longtime Club stock has trounced the market this year, advancing around 50%. On Tuesday, Wall Street firm Oppenheimer upped its price target on Costco shares to $1,075 each from $980, implying roughly 9% upside from Monday's close. Jim said Costco's subscription model, with impressive membership renewal rates above 90%, helps justify his long-term confidence in the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Oppenheimer, They're, LSEG, Jim, Jim Cramer's, Justin Sullivan Organizations: Costco, longtime Club, Wall, Bank of America, Jefferies, Investors, Shoppers, Walmart, Charitable Trust, CNBC, Netflix, Trust Locations: Costco, Richmond , California

☆ Here are Tuesday's biggest analyst calls: Apple, Dell, Oracle, Tesla, Chevron, Walmart, UPS, Alphabet, Broadcom & more
▼ + stars: | 2024-12-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Citi names Apple a top 2025 pick Citi said Apple remains a top idea heading into 2025. Morgan Stanley names Tesla a top 2025 pick Morgan Stanley raised its price target on Tesla to $400 per share from $310. Piper Sandler names Alphabet a top pick Piper said it's bullish on the stock heading into 2025. Citi reiterates Broadcom as buy Citi raised its price target on Broadcom to $205 per share from $175 ahead of earnings later this week. Citi names Dell a top 2025 pick Citi said Dell is a top idea in 2025.

Persons: Bernstein, Morgan Stanley, Tesla, Piper Sandler, Piper, it's bullish, Piper Sandler downgrades Pinterest, Pinterest, Goldman Sachs, Goldman, Dell Organizations: JPMorgan, Green Realty, Green, Walmart, Citi, Apple, Airlines, Management, Cruise Line, Mizuho, Ball, Cipher, Broadcom, BMO, UPS, Deutsche Bank, Oracle, Deutsche, " Bank of America, Chevron, Chevron Corp, Dell, Motors Locations: United, Norwegian, BevCan

☆ Kroger's $25 billion acquisition of Albertsons was blocked, marking a win for the FTC
▼ + stars: | 2024-12-10 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Kroger's proposed $24.6 billion acquisition of Albertsons was blocked by a federal judge. The acquisition would be the largest supermarket merger in US history. Kroger's $24.6 billion proposed acquisition of Albertsons was blocked by a federal judge on Tuesday, marking a win for the Federal Trade Commission that could ultimately sink the deal. The acquisition would be the largest supermarket merger in US history. They also said the deal would lead to lower prices for some consumers, citing higher prices at Albertsons stores compared to Kroger.

Persons: Kroger's, Adrienne Nelson, Kroger, Matthew Wolf, Lina Khan Organizations: Albertsons, FTC, Federal Trade Commission, Business, Lawyers, Kroger, Walmart, Costco Locations: Oregon

☆ Macy’s is in deep trouble. It could be sitting on a goldmine
▼ + stars: | 2024-12-10 | by ( Nathaniel Meyersohn | Chris Isidore | ) edition.cnn.com time to read: +6 min

“Macy’s owns valuable real estate holdings,” Barington said in a presentation posted online. They say Macy’s can squeeze more value out of its real estate by paying rent to a subsidiary controlling the property. The company could also sell space to developers to build on Macy’s real estate, like hotels, apartments or offices. The real estate value locked up in Macy’s retail locations is not a new discovery —investors and developers have long sought to build atop Macy’s Herald Square location, and Macy’s has proposed an office tower above the store. The investors planned to take Macy’s private and consider spinning off its real estate assets or separating its online operations from brick-and-mortar stores.

Persons: New York CNN —, Macy’s, “ Macy’s, ” Barington, Michael M, ” Macy’s, Mark Cohen, ”, Barington, Thor, Eddie Lampert, Taylor, TJ Maxx Organizations: New, New York CNN, Barington Capital, Herald, Investor, Sears, Columbia Business School, Kmart, Sears Holdings, RadioShack, Sports Authority, Nordstrom, JCPenney, Walmart, Target, Arkhouse Management, Brigade Capital Management Locations: New York, New York City, Macy’s, Square, United States

☆ Federal judge blocks Kroger’s $25 billion mega-merger with Albertsons
▼ + stars: | 2024-12-10 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers. Small grocery stores strugglingIndependent grocery stores strongly opposed the merger. Yet consolidation in the grocery sector is growing, and small grocery stores are struggling. Traditional grocery stores have also lost ground to Walmart, Costco, dollar stores and online retailers during that span. “Persistently high food prices are hitting Americans hard, and a Kroger-Albertsons mega-merger would have only made it worse,” Food & Water Watch senior food policy analyst Rebecca Wolf said in a statement Tuesday

Persons: Kroger’s, Harris Teeter, Fred Meyer, Kroger, Rodney McMullen, Adrienne Nelson, Democratic Sen, Elizabeth Warren of, Republican Sen, Mike Lee of, ”, Judge Nelson, “, Lina Khan, Judge Nelson’s, Rebecca Wolf Organizations: New, New York CNN, Albertsons, Safeway, Vons, Supermarkets, Kroger, Walmart, Amazon, Costco, Unions, Democrats, Republicans, Capitol, Democratic, Republican, Federal Trade Commission, FTC, S Wholesale Grocers, Google, Agriculture Department, Water Watch Locations: New York, Oregon, Aldi, Elizabeth Warren of Massachusetts, Mike Lee of Utah

☆ Elon Musk just keeps getting richer, with his net worth rising almost $150 billion this year
▼ + stars: | 2024-12-09 | by ( Theron Mohamed | Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Elon Musk's net worth keeps rising on the back of Tesla's stock surge since the election. Tesla stock closed on Friday at just over $389, pushing the EV maker's valuation to a new high. AdvertisementElon Musk just keeps getting richer following the postelection rally for Tesla stock. Musk is now worth $376 billion — $130 billion ahead of Amazon founder Jeff Bezos, who's worth $246 billion. His $376 billion net worth is about $30 billion higher than the market cap of Salesforce, valued at $346 billion — or $27 billion more than the combined wealth of Walmart heirs Jim, Rob and Alice Walton.

Persons: Elon, Jeff Bezos, Donald Trump's, Mark Malek, Trump, Tesla, Austin, BofA, Warren Buffett's, Berkshire Hathaway, Musk, Rob, Alice Walton . Organizations: SpaceX, Bloomberg, Amazon, Dow, Marketwatch, PAC, Bank of America, Optimus, Tesla Locations: Dow Jones, Berkshire, Delaware

☆ Apple overtakes Microsoft as the best-managed company in the US
▼ + stars: | 2024-12-09 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Apple has topped the Drucker Institute's annual ranking of the 250 best-managed companies in the USFellow tech giants Nvidia, Microsoft, and Intel all made the top 10. CEO Tim Cook has shepherded Apple to the top of the Drucker Institute's 2024 ranking of America's best-run companies. Nic Coury / AFP via Getty ImagesApple's innovation score in the Drucker Institute's ranking helped boost it to the top spot. In the top 25 of the ranking, only Apple, Microsoft, Amazon, and Walmart scored higher than 90 points for innovation. Alongside a high score for innovation, Apple also ranked second highest in the ranking for its financial performance.

Persons: Drucker, America's, Tim Cook's, Johnson, Philip Morris, Tim Cook, Nic Coury Organizations: Apple, Nvidia, Microsoft, Intel, Drucker, Adobe, Mastercard, Johnson, Procter, Gamble, Philip Morris International, Drucker Institute, New York Stock Exchange, Nasdaq, Market, Getty, Walmart, Apple Intelligence Locations: AFP, Cupertino

☆ I shopped at Walmart and Target for gifts. Prices felt similar at each, but one had way more sales and deals.
▼ + stars: | 2024-12-09 | by ( Terri Peters | ) www.businessinsider.com time to read: 1 min

Overall, Target felt more festive and organized — plus, it had more sales. With sales and holiday deals, Target managed to be less pricey than Walmart in many instances. A lot of people consider Walmart to be the cheaper of the two chains, but I actually found way more sales and deals at Target — many of which made its prices much lower than Walmart's. Lastly, my local Target felt cleaner, brighter, and better organized than Walmart. I'll be heading to Target for the remainder of my holiday needs, but I still swear by shopping at Walmart for groceries for the best deals on food.

Persons: Terri Peters Organizations: Target, Walmart Locations: Target

☆ Returns are an $890 billion problem for retailers
▼ + stars: | 2024-12-08 | by ( Jessica Dickler | Jessica Dickler Is A Personal Finance Writer For Cnbc. | ) www.nbcnews.com time to read: +5 min

Returns in 2024 are expected to amount to 17% of all merchandise sales, totaling $890 billion in returned goods, according to a new report by the National Retail Federation and return management company Happy Returns. Nearly two-thirds of consumers now buy multiple sizes or colors, some of which they then send back, a practice known as “bracketing,” according to Happy Returns. In 2023, 81% of U.S. retailers rolled out stricter return policies, including shortening the return window and charging a return or restocking fee, according to another report from Happy Returns. How return policies shape shopping habitsIncreasingly, return policies and expectations are an important predictor of consumer behavior, according to Happy Returns’ Sobie, particularly for Generation Z and millennials. “Return policies are no longer just a post-purchase consideration — they’re shaping how younger generations shop from the start,” Sobie said.

Persons: ”, Amena Ali, “, Optoro, ” David Sobie, aren’t, Spencer Kieboom, Rachel Delacour, Neiman Marcus, Levi Strauss, There’s, Optoro’s Ali, ” Sobie, GoDaddy Organizations: National Retail Federation, U.S . Environmental Protection Agency, “, Amazon, Ikea, Walmart Locations: U.S, Patagonia

☆ Read the full transcript: President-elect Donald Trump interviewed by "Meet the Press" moderator Kristen Welker
▼ + stars: | 2024-12-08 | by ( ) www.nbcnews.com time to read: +111 min

PRESIDENT-ELECT DONALD TRUMP:No, no —KRISTEN WELKER:And there’s no —PRESIDENT-ELECT DONALD TRUMP:He can’t deny it. KRISTEN WELKER:We’re going to —PRESIDENT-ELECT DONALD TRUMP:For what they did —KRISTEN WELKER:Yeah —PRESIDENT-ELECT DONALD TRUMP:– honestly, they should go to jail. PRESIDENT-ELECT DONALD TRUMP:For what they did —KRISTEN WELKER:Everyone on the committee you think —PRESIDENT-ELECT DONALD TRUMP:I think everybody —KRISTEN WELKER:– should go to jail? PRESIDENT-ELECT DONALD TRUMP:We’re talking about --KRISTEN WELKER:You won’t touch Medicare --PRESIDENT-ELECT DONALD TRUMP:– theft --KRISTEN WELKER:– Social Security? KRISTEN WELKER:But you --PRESIDENT-ELECT DONALD TRUMP:I want to stop--KRISTEN WELKER:– have talked about --PRESIDENT-ELECT DONALD TRUMP:Let me tell you what --KRISTEN WELKER:– the other world leaders.

Persons: KRISTEN WELKER, Donald Trump, DONALD TRUMP, Grover Cleveland, we’re, we’ll, We’re, Pete, He’s, Pete Hegseth, “, you’re, ”, “ I’m, there’s, ” KRISTEN WELKER, Decker, AutoZone, it’s, Covid, Jim Jordan, they’re, would’ve, I’ll, Justin Trudeau, Xi, Biden, I’ve, Will, Jerome Powell, –, You’ve, who’s, we’ve, — KRISTEN WELKER, they’ve, should’ve, Tom Homan —, Tom Homan, you’ve, —, David Muir, David, Kristen, Obama, We’ll, They’re, I’m, John McCain, Collins, — it’s, “ That’s, could’ve, Obamacare, Kate Britt, Roe, Wade, Joe Biden, Kash Patel, Hillary Clinton, Bill Barr, Christopher Wray, Pam, Pam Bondi, Kash, that’s, Trey Gowdy, he’s, Joe Biden —, Jack Smith, Don’t, You’re, Trump, Russ Vought, Brendan Carr, Peter Navarro, John Ratcliffe, Pete Hoekstra, Monica Crowley, let’s, Let’s, Hunter, “ Sir, Everything’s, Fani Willis, Fani, It’s, Alvin Bragg, Letitia James, Liz Cheney, Adam Schiff, Anthony Fauci, Biden doesn’t, Cheney, Kamala, Thompson, Nancy Pelosi, Sir, Bennie Thompson, Ray Epps, “ You’re, who’ve, Tulsi Gabbard, Bashar al, Assad, Putin, Xi of, Kim Jong, Oz, Elon Musk, Jeff Bezos, Mary Barra, Mark Zuckerberg, Vivek Ramaswamy, “ You’ve, Israel wouldn’t, Ukraine would’ve, Russia’s, Ukraine’s, Biden should’ve, aren’t, Netanyahu, Jack, don’t, couldn’t, Joe, she’s, Ivanka, She’s, she’d, “ Don’t, “ don’t, Lara, Michael, George Stephanopoulos, MAGA, There’s, McLaughlin, Fabrizio, “ George Washington, Abraham Lincoln, hasn’t, It’s — KRISTEN WELKER, Russia wouldn’t Organizations: Press, Republicans, Trump, Harvard, Fox, America, United, United States ’, Walmart, Black, Biden, Whirlpool, Canada, Mar, White, Federal Reserve, Democrats, FBI, ”, Capitol, Department, “, Republican Party, Truth, Justice Department, DOJ, NBC, National Guard —, D.C, CNN, —, Defense Department, National Intelligence, RFK Jr, Autism, Elon, Electoral, Electoral College, Government, Social Security, Medicaid, Security, NATO, U.S ., Service, Exxon, Republican National Committee, Republican, ISIS Locations: America, they’re, Princeton, Fox, United States, China, Canada, Mexico, Ohio, South Korea, Canadian, California, Mississippi, Alabama, New York, Liberty, Venezuela, Colorado, San Diego , California, United States of America, Russia, Hague, Florida, Mar, —, Manhattan, Antifa, Portland, Portland . Seattle, Seattle . Seattle, . Minneapolis, Minneapolis, ”, Xi of China, Hunter, Ukraine, Europe, East, Gaza, Taiwan, U.S, TikTok, UN, It’s, Syria, Afghanistan

☆ Meet the Press – December 8, 2024
▼ + stars: | 2024-12-08 | by ( ) www.nbcnews.com time to read: +64 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is a special edition of Meet the Press with Kristen Welker. KRISTEN WELKER:We’re going to —PRES.-ELECT DONALD TRUMP:For what they did –KRISTEN WELKER:Yeah –PRES.-ELECT DONALD TRUMP:– honestly, they should go to jail. PRES.-ELECT DONALD TRUMP:For what they did –KRISTEN WELKER:Everyone on the committee you think –PRES.-ELECT DONALD TRUMP:I think everybody –KRISTEN WELKER:– should go to jail? KRISTEN WELKER:But you --PRES.-ELECT DONALD TRUMP:I want to stop--KRISTEN WELKER:– have talked about --PRES.-ELECT DONALD TRUMP:Let me tell you what --KRISTEN WELKER:– the other world leaders. PRES.-ELECT DONALD TRUMP:We're talking about --KRISTEN WELKER:You won't touch Medicare --PRES.-ELECT DONALD TRUMP:– theft --KRISTEN WELKER:– Social Security?

Persons: KRISTEN WELKER, Donald Trump, PRES, DONALD TRUMP, Joe Biden, he’s, Carol Lee, “ Playbook ”, Eugene Daniels, Marc Short, Mike Pence, Jen Psaki, Kristen Welker, Grover Cleveland, Decker, AutoZone, it's, Covid, Justin Trudeau, Jerome Powell, Will, –, You've, Biden, who's, We're, they’re, we've, – KRISTEN WELKER, they've, should've, Tom Homan – PRES, Tom Homan, you've, I've, John McCain, Collins, would've, – it's, That's, could've, Obamacare, we're, Roe, Wade, I'm, Trump, Pete Hegseth, Kash Patel, he's, Hillary Clinton, Bill Barr, Christopher Wray, Pam, Pam Bondi, Kash, that's, Trey Gowdy, “, Joe Biden – PRES, We'll, Jack Smith, I’m, ”, Hunter, Everything's, Fani Willis, Fani, Adam Schiff, Anthony Fauci, Liz Cheney, Cheney, Bennie Thompson, We’re, – PRES, Assad, Putin, Israel wouldn't, Ukraine would've, Russia's, Ukraine's, Biden should've, Elon, Trump's, Vivek Ramaswamy, Elon Musk, You’re, couldn't, Joe, MAGA, There's, McLaughlin, Fabrizio, George Washington, Abraham Lincoln, It’s – KRISTEN WELKER, Politico Playbook, Carol, It's, CAROL LEE, Kristen, they'll, Eugene, EUGENE DANIELS, “ Bennie Thompson, Marc, Johnson's, Trump isn't, JEN PSAKI, Kamala would've, He's, she's, Jen, he'd, Vladimir Putin, Tulsi Gabbard Organizations: Capitol, NBC, Staff, White House Press, Press, Trump, Walmart, Black, Biden, Canada, Mar, Federal Reserve, Democrats, Department, FBI, Truth, Mr, NATO, SpaceX, Government, Social Security, Medicaid, Justice Department, White, Service, America, Politico, Republican, MARC, Republicans, QAnon, Dreamers, Democratic, Ukraine Locations: PRES, Washington, New York, United States, China, Canada, Mexico, Canadian, Liberty, Venezuela, Colorado, Colorado . PRES, America, United States of America, Hegseth, Russia, Hague, Florida, Mar, Damascus, Ukraine, NBCNews.com, Syria

☆ What Ultrawealthy Investors Who Want to Buy TikTok Would Do With It
▼ + stars: | 2024-12-08 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Related Video TikTok could be banned in US after House vote"Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed, and hypothetical information, resulting in outright censorship of the American people," TikTok's statement read. With the app's uncertain future in the United States, a slate of ultrawealthy investors has expressed interest in buying the social media platform. AdvertisementHere's what those who've said publicly that they want to buy TikTok would do with the platform if they acquired the app. Advertisement"Now that the Court has spoken, The People's Bid is prepared to move forward with our bid for TikTok," McCourt's statement reads. Walmart and the software company Oracle also assembled a bid to buy TikTok in 2020, but TikTok ultimately defeated Trump's orders in court and the acquisition plans did not materialize.

Persons: they've, TikTok, Kevin O'Leary, Frank McCourt, who've, O'Leary, Steven Mnuchin, Mnuchin, Bobby Kotick, Kotick, Sam Altman, McCourt, Ellis, Donald Trump, ByteDance, Trump's Organizations: Appeals, District of Columbia Circuit, Dodgers, Business, CNBC, TikTok, Bloomberg Television, Street, Activision, Allen, Co, Kotick, McCourt Global, Liberty, Guggenheim Securities, Kirkland, Microsoft, Walmart, Oracle, Business Insider Locations: United States, China, America, Beijing, American

☆ Walmart and Netflix among most overbought stocks as market heads for another winning week
▼ + stars: | 2024-12-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The S & P 500 soared to all-time highs this week as investors eagerly snapped up stocks, but some names might be overbought and due for a pullback. Take a look at the broader market's most overbought names below, with week-to-date data current as of Friday morning: Walmart is the most overbought name on the list with an RSI of about 83.3. Netflix , another popular stock, is also considered overbought given its RSI of more than 76. Other overbought stocks include Palantir , United Airlines and Take-Two Interactive Software . The stocks have lost more than 3% and over 2% this week, respectively, and are in the red for the year.

Persons: WMT, Robert Ohmes, Jason Bazinet, Palantir, Booz Allen Hamilton, Kraft Heinz, Mondelez, Kraft, Piper Sandler, Robert F, Kennedy Jr, Donald Trump, Johnson Organizations: Nasdaq, Dow Jones, CNBC Pro, Walmart, Bank of America, Netflix, Analysts, Citi Research, United Airlines, Booz, Department of Health, Human Services, Holdings, Johnson Locations: Thursday's, Canada, United

☆ Retailers are saying shoppers are 'pressured,' 'stretched,' and 'cautious' — but still spending
▼ + stars: | 2024-12-06 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

AdvertisementExecs for Walmart, Target, and more retailers have used similar descriptions of US consumer health. BI combed through earnings call transcripts to round up the words they're using to talk about shoppers. If those words describe how you're feeling amid holiday spending, you're far from alone. AdvertisementLike McMillon, Target CEO Brian Cornell called out the toll high prices are taking on American households during his quarterly earnings call in November. Of course, retailers have been using words like pressured, stretched, and cautious to talk about their customers for several years now.

Persons: Doug McMillon, Morgan Stanley, Brian Cornell, They're, Cornell, Michael Creedon, Corie Barry Organizations: Walmart, Target, Morgan, Morgan Stanley Global Consumer & Retail Conference

Dollar General is testing same-day delivery to customers’ homes as the deep discounter tries to fend off fiercer competition with Walmart. On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer “soft launched” the delivery program in September. Now it offers same-day delivery at about 75 stores, he said. Yet over the past year, Dollar General has felt the pinch from both economic challenges and its own strategy. But the option is still available at only a tiny fraction of Dollar General’s stores.

Persons: Todd Vasos, “ We’ve, ‘ We’re, ” Vasos, “, ”, Vasos, Goldman Sachs Organizations: Walmart, Amazon, Goldman Locations: Tennessee, U.S, Bentonville, Arkansas

☆ Walmart recalls cucumber slices sold in Texas stores over salmonella risk
▼ + stars: | 2024-12-05 | by ( Rudy Chinchilla | Rudy Chinchilla Is A Breaking News Editor For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Walmart is recalling cucumber slices sold in 34 Texas stores over concerns that they may be contaminated with salmonella. Marketside Fresh Cut Cucumber Slices involved in the recall. Walmart advised customers to toss out the cucumber slices or return them to the store from which they purchased them. SunFed previously announced a recall of cucumbers that were potentially contaminated with salmonella. The cucumbers were sold from Oct. 12 to Nov. 26 at stores across the U.S. and in five Canadian provinces, including at retailers like Walmart and Costco.

Persons: SunFed, Craig Slate Organizations: Walmart, Food and Drug Administration, Cleveland Clinic, Costco Locations: Texas, Arizona, U.S

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Eli Lilly, Cheesecake Factory, Walmart, Costco, Broadcom & more
▼ + stars: | 2024-12-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies upgrades Diageo to buy from hold Jefferies says it sees "renewed focus on growth" for the beverage company. Goldman Sachs initiates Cheesecake Factory and Brinker as buy Goldman said in its initiation of Cheesecake that it has "unit growth potential." Morgan Stanley upgrades Hewlett Packard Enterprise to overweight from equal weight Morgan Stanley says it's bullish on the company's acquistion of Juniper. Morgan Stanley downgrades Applied Materials to underweight from equal weight Morgan Stanley says it sees a "weaker operating environment" for the semis company. Morgan Stanley initiates Brown & Brown as overweight Morgan Stanley says the insurance risk management company has a competitive advantage.

Persons: Piper Sandler, Piper, Jefferies, Goldman Sachs, Brinker, Goldman, it's bullish, Bernstein, Oppenheimer, it's, Wolfe downgrades Ford, Wolfe, Morgan Stanley, Brown, Tesla, gigafactory, Robin Hood, Vlad Tenev, Eli Lilly, Orforglipron Organizations: Nvidia, AMD, Intel, Jefferies, Diageo, Disney, Broadcom, Detroit, Ford, Citi, Netflix, Hewlett Packard Enterprise, JPMorgan, ConocoPhillips, Barclays, Gates, Bank of America, Walmart, Costco, Optimus, Deutsche Bank, Deutsche Locations: F4Q, Juniper, OW, Austin , TX

☆ 3 business tips from the CEO of Tapestry, which owns fashion giants like Coach and Kate Spade
▼ + stars: | 2024-12-05 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

AdvertisementAs the CEO of the fashion company Tapestry, Joanne Crevoiserat helms Coach and Kate Spade's ships. As the CEO of the fashion company Tapestry, Joanne Crevoiserat steers popular brands like Coach, Kate Spade, and Stuart Weitzman. In an interview with Fortune's "Leadership Next," which was released on Wednesday, Crevoiserat gave host Diane Brady her leadership, business, and career advice. "Relationship building, understanding the end-to-end business is not always the intended outcome of a specific job," Crevoiserat said to Fortune. Under the proposed merger, six high-end fashion brands would operate under one umbrella: Capri's Versace, Jimmy Choo, and Michael Kors, along with Tapestry's Coach, Stuart Weitzman, and Kate Spade.

Persons: Joanne Crevoiserat helms, Kate Spade's, Joanne Crevoiserat, Kate Spade, Stuart Weitzman, Crevoiserat, Diane Brady, Fortune, It's, aren't, Brady, Donald Trump's, Capri's Versace, Jimmy Choo, Michael Kors Organizations: Walmart, Abercrombie, Fitch, Capri, Tapestry's, Business Locations: Hudson, New York City, New York

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