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☆ I was a teen dad on food stamps. Now that I'm a multimillionaire, teaching my kids to appreciate money is really difficult.
▼ + stars: | 2024-11-06 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

I didn't want to be bouncing checks and living paycheck to paycheck, but I didn't know a way out. AdvertisementNow, I'm a millionaire, and I have to take money into consideration when parenting my kids. I buy my kids cars but save the flashy vehicles for meI want all my kids to earn the things they have. I told him that I love him, but there's no way I'm spending $22,000 on a baseball game. Admittedly, we have a long driveway, but there's no way I'm buying him a golf cart.

Persons: John Wetmore, He's, —, didn't, I'd, I'm, I've, they've, Mercedes Organizations: Force, Service, Little, Ohio State University, GMC

☆ Trump will win second term, CNN projects, in historic comeback after losing four years ago
▼ + stars: | 2024-11-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +27 min

Trump’s supporters see him as a unique figure whose blunt, sometimes vulgar and often racially suggestive rhetoric reveals him as a scourge of political correctness. Austin Steele/CNN Trump supporters hold up posters that read "47" as they attend an election watch party in Chandler, Arizona. Go Nakamura/Reuters Trump supporters cheer at his election night watch party in West Palm Beach. George Walker IV/AP Trump supporters watch election results come in at his election night party at the Palm Beach County Convention Center. Patrick T. Fallon/AFP via Getty Images Trump and his wife, Melania, walk up to the press after voting in Palm Beach, Florida, on Tuesday.

Persons: Donald Trump, Trump, ”, Kamala Harris, Joe Biden’s, Trump’s, he’s, Harris, Jack Smith, Melania, Barron, “, Will Lanzoni, CNN Trump, Ian Maule, Austin Steele, Go Nakamura, Jeff Roberson, Vincent Alban, Chet Strange, Leah Charles, Tianna Adams, George Walker IV, Christian Monterrosa, Shelby Knowles, Jason Bean, Rebecca Blackwell, Leah Millis, Brynn Anderson, Matt York, Paul Kuehnel, David Robert Elliott, Nathan Howard, San Francisco Columbarium, Jeff Chiu, Nicole Craine, Ernesto Benavides, Steven Vandenburgh, Charlie Riedel, Lindsey Wasson, Andres Leighton, Butch Wilmore, Suni Williams, Nick Hague, Don Pettit, Hague, Eva Marie Uzcategui, Matt Slocum, Susan B, Anthony, Lauren Petracca, Richard Burkhart, Ronald Reagan, Chris Pizzello, Rebecca Droke, Jay Janner, Ken Brandon, Charlie Neibergall, Scott Morgan, John Locher, Jordan Dunson, Chris Lachall, Bill Clark, David Goldman, David Dee Delgado, Suzanne Kreiter, Ryan Collerd, Joseph Prezioso, Charles Rex Arbogast, Patrick T, Fallon, Evan Vucci, Nam, Rebecca Cook, Elijah Nouvelage, Ed Jones, Jonathan Drake, Reuters Ohio Sen, JD Vance, Carolyn Kaster, Carlos Berríos Polanco, Skye, Quinn Glabicki, Jose Luis Magana, RJ Sangosti, Robyn Beck, Zach Boyden, Holmes, Mike Stewart, Carlos Osorio, Steven Senne, David Paul Morris, Kayria Hildebran, Jenny Kane, Joe Biden, Craig Hudson, Bing Guan, Scott Olson, Lynne Sladky, Allison Joyce, Megan Varner, Scott Graham, Adam Bettcher, RONDA CHURCHILL, Hillary Clinton, –, Smith, Mostafa Bassim, Vladimir Putin, Trumpism, Mike Pence, Sen, Stephen Maturen, Grover Cleveland Organizations: CNN, Washington, Trump, GOP, Republican Party, Capitol, ” Overseas, Howard University, CNN Trump, Reuters Trump, West Palm Beach, Republican, Reuters, Carolina, AP Trump, Convention, Center, Bloomberg, Getty, Empire, People, Reno Gazette, USA, Florida's, AP Observers, Spelman College, AP, York Hospital, Kansas City Urban Youth Academy, New York Times, CNN Howard University, San Francisco, AP Voters, NASA, Space, Mount Hope, Savannah Morning, Voters, Ronald Reagan Presidential, Austin American, Statesman, Hartford Memorial Baptist Church, Honda, Allegiant, Las Vegas Raiders, First Presbyterian Church, City, Inc, First Presbyterian, of, Boston Globe, Getty Images Trump, College Park ,, Getty Images Workers, Sipa, US, Denver Post, City of, Reuters Voters, City Hall, Atlanta's, Museum of Art, Pisgah Baptist, Secret Service, Republicans, Justice Department, White, Police, Anadolu Agency, NATO, Hezbollah, House, Herb Brooks National Hockey Center Locations: Lago, America, Wisconsin, Georgia, Pennsylvania, North Carolina, ”, West Palm Beach , Florida, Las Vegas, Washington , DC, Chandler , Arizona, West Palm Beach, West Palm, Pewaukee , Wisconsin, Denver, Greensboro , North Carolina, Beach, Fulton, Fairburn , Georgia, New York, Reno , Nevada, St . Petersburg , Florida, Philadelphia, Atlanta, Phoenix, York , Pennsylvania, Kansas City , Missouri, Waleska , Georgia, Navajo, Kayenta , Arizona, AFP, Lawrence , Kansas, Seattle, Chinle , Arizona, West Chester , Pennsylvania, Rochester , New York, Garden City , Georgia, Savannah, Simi Valley , California, Pittsburgh, Austin , Texas, Hartford, Detroit, Omaha , Nebraska, Savannah , Georgia, Camden , New Jersey, San Francisco, Alexandria , Virginia, of Dearborn , Michigan, Boston, Lancaster , New Hampshire, Chicago, Palm Beach , Florida, College Park, College Park , Georgia, Leicester , North Carolina, Reuters Ohio, Cincinnati, Dearborn , Michigan, Caguas , Puerto Rico, Springfield , Pennsylvania, Dixville, New Hampshire, City, City of Industry , California, Des Moines , Iowa, Charlotte , North Carolina, Grand Rapids , Michigan, Providence , Rhode Island, Henderson , Nevada, Bronx, Portland , Oregon, Oregon, New Castle , Delaware, Pisgah, Pisgah Baptist Church, Brooklyn, Kenosha , Wisconsin, Miami, Wilmington , North Carolina, Minneapolis, United States, Manhattan, Butler , Pennsylvania, Ohio, Washington, Florida, British, Ukraine, Europe, Taiwan, Israel, Gaza, Lebanon, Iran, Afghanistan, St Cloud , Minnesota

George Walker IV/AP Trump supporters watch election results come in at his election night party at the Palm Beach County Convention Center. Eva Marie Uzcategui/Bloomberg/Getty Images Election workers process mail-in ballots in West Chester, Pennsylvania, on Tuesday. Trump and Harris tied with three votes each in the tiny New Hampshire township, kicking off Election Day. Joseph Prezioso/AFP/Getty Images Election workers prepare ballots in Denver on Monday, November 4. RJ Sangosti/The Denver Post/Getty Images A patron eats inside a restaurant near the White House that had plywood covering its windows on the eve of Election Day. David Dee Delgado/AFP/Getty Images Election workers sort ballots during early voting in San Francisco on Thursday.

Persons: Donald Trump, Trump, Kamala Harris, Joe Biden, he’d, George W, Bush, Harris, Hillary Clinton, Austin Steele, Roe, Wade, Biden, It’s, West Virginia Sen, Joe Manchin’s, Jim Justice’s, Montana Sen, Jon Tester, Tim Sheehy, Ohio Sen, Sherrod Brown, Bernie Moreno, Sue Ogrocki, Colin Allred, Texas Sen, Ted Cruz, Debbie Mucarsel, Powell, Sen, Rick Scott, Mitch McConnell, John Cornyn, South Dakota Sen, John Thune, Democrats didn’t, Hakeem Jeffries, hamstrung, they’re, Harris underperformed Biden, –, ”, Jen O’Malley Dillon, David Axelrod, Puerto Rico, Chip Somodevilla, Ron DeSantis romped, Melania, Barron, “, Will Lanzoni, CNN Trump, Ian Maule, Go Nakamura, Jeff Roberson, Vincent Alban, Chet Strange, Leah Charles, Tianna Adams, George Walker IV, Christian Monterrosa, Shelby Knowles, Jason Bean, Rebecca Blackwell, Leah Millis, Brynn Anderson, Matt York, Paul Kuehnel, David Robert Elliott, Nathan Howard, San Francisco Columbarium, Jeff Chiu, Nicole Craine, Ernesto Benavides, Steven Vandenburgh, Charlie Riedel, Lindsey Wasson, Andres Leighton, Butch Wilmore, Suni Williams, Nick Hague, Don Pettit, Hague, Eva Marie Uzcategui, Matt Slocum, Susan B, Anthony, Lauren Petracca, Richard Burkhart, Ronald Reagan, Chris Pizzello, Rebecca Droke, Jay Janner, Ken Brandon, Charlie Neibergall, Scott Morgan, John Locher, Jordan Dunson, Chris Lachall, Bill Clark, David Goldman, David Dee Delgado, Suzanne Kreiter, Ryan Collerd, Joseph Prezioso, Charles Rex Arbogast, Patrick T, Fallon, Evan Vucci, Nam, Rebecca Cook, Elijah Nouvelage, Ed Jones, Jonathan Drake, Reuters Ohio Sen, JD Vance, Carolyn Kaster, Carlos Berríos Polanco, Skye, Quinn Glabicki, Jose Luis Magana, RJ Sangosti, Robyn Beck, Zach Boyden, Holmes, Mike Stewart, Carlos Osorio, Steven Senne, David Paul Morris, Kayria Hildebran, Jenny Kane, Craig Hudson, Bing Guan, Scott Olson, Lynne Sladky, Allison Joyce, Megan Varner, Scott Graham, Adam Bettcher, RONDA CHURCHILL, Republicans —, Texas — Organizations: CNN, White, Republican Senate, Democrats, Biden, Sun, Republican, Trump, Howard University, Democratic, Republicans, GOP, Navy, Bernie Moreno . Ohio Republican, AP Democrats, Senate, Rural, Penn State University, CNN –, Dorton, Voters, Republican Gov, Miami, Dade, CNN Trump, Reuters Trump, West Palm Beach, Reuters, Carolina, AP Trump, Convention, Center, Bloomberg, Getty, Empire, People, Reno Gazette, USA, Florida's, AP Observers, Spelman College, AP, York Hospital, Kansas City Urban Youth Academy, New York Times, CNN Howard University, San Francisco, AP Voters, NASA, Space, Mount Hope, Savannah Morning, Ronald Reagan Presidential, Austin American, Statesman, Hartford Memorial Baptist Church, Honda, Allegiant, Las Vegas Raiders, First Presbyterian Church, City, Inc, First Presbyterian, of, Boston Globe, Getty Images Trump, College Park ,, Getty Images Workers, Sipa, US, Denver Post, City of, Reuters Voters, City Hall, Atlanta's, Museum of Art, Pisgah Baptist Locations: Pennsylvania, Michigan, Wisconsin, Georgia, North Carolina, Arizona, Nevada, Michigan , Pennsylvania, Arizona , Georgia, New Mexico, Virginia, Trump, Washington , DC, West, Montana, Bernie Moreno ., Westlake , Ohio, Kentucky, Texas, South Dakota, Washington, New York, California, America, Pennsylvania’s Huntingdon, Montgomery County, Philadelphia, Harris, Oakland County, Trump’s, Raleigh , North Carolina, United States, Florida, Ohio, Dade County, West Palm Beach , Florida, Las Vegas, Chandler , Arizona, West Palm Beach, West Palm, Pewaukee , Wisconsin, Denver, Greensboro , North Carolina, Beach, Fulton, Fairburn , Georgia, Reno , Nevada, St . Petersburg , Florida, Atlanta, Phoenix, York , Pennsylvania, Kansas City , Missouri, Waleska , Georgia, Navajo, Kayenta , Arizona, AFP, Lawrence , Kansas, Seattle, Chinle , Arizona, West Chester , Pennsylvania, Rochester , New York, Garden City , Georgia, Savannah, Simi Valley , California, Pittsburgh, Austin , Texas, Hartford, Detroit, Omaha , Nebraska, Savannah , Georgia, Camden , New Jersey, San Francisco, Alexandria , Virginia, of Dearborn , Michigan, Boston, Lancaster , New Hampshire, Chicago, Palm Beach , Florida, College Park, College Park , Georgia, Leicester , North Carolina, Reuters Ohio, Cincinnati, Dearborn , Michigan, Caguas , Puerto Rico, Springfield , Pennsylvania, Dixville, New Hampshire, City, City of Industry , California, Des Moines , Iowa, Charlotte , North Carolina, Grand Rapids , Michigan, Providence , Rhode Island, Henderson , Nevada, Bronx, Portland , Oregon, Oregon, New Castle , Delaware, Pisgah, Pisgah Baptist Church, Brooklyn, Kenosha , Wisconsin, Miami, Wilmington , North Carolina, Minneapolis

☆ In all-hands meeting, Amazon CEO says RTO mandate not a 'backdoor layoff'
▼ + stars: | 2024-11-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Business Insider obtained a recording of Amazon CEO Andy Jassy's latest all-hands meeting. Jassy said Amazon's RTO policy is not a 'backdoor layoff' strategy. The RTO policy aims to strengthen company culture, not cut costs, he said. This is very much about our culture and strengthening our culture," Jassy said, adding that the only city Amazon notified ahead of time about its RTO mandate was Seattle. Amazon Web Services CEO Matt Garman said in a staff meeting last month that 9 out of 10 Amazon employees he'd spoken with were "excited" by the change.

Persons: Andy Jassy's, Jassy, Amazon's, —, Andy Jassy, Matt Garman, there's, I'm, it's Organizations: Amazon, Service, Business, Web Locations: Seattle

☆ We're trimming our position in an industrial stock with an uncertain growth outlook
▼ + stars: | 2024-11-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 400 shares of HON, decreasing its weighting to roughly 2.5% from 3.05%. Due to the growth uncertainties that lie ahead, we want to lighten up on our Honeywell position into Tuesday's strength. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, hasn't, CRWD, BLK, DOV, ETN, Jim Cramer, Jim Organizations: Honeywell, Wolfe Research, CrowdStrike, DuPont, CNBC Locations: BlackRock, Dover, Eaton

☆ Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo
▼ + stars: | 2024-11-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Key ports on Canada's West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Montreal processes 40% of all East Coast container traffic. Approximately $572 million in container trade arrives daily in the U.S. from Canada, according to U.S. Census data. A temporary loss of the Canadian West Coast trade gateway could push carriers to discharge import cargo along the already strained U.S. West Coast, said Alan Baer, CEO of OL USA, further increasing the dwell time of containers and elongating overall transits.

Persons: of Prince Rupert, Vancouver and Prince Rupert, Prince Rupert, Eric Byer, Paul Brashier, Alan Baer, Steve Lamar, Frank Morena, Steven MacKinnon Organizations: Greater, Greater Vancouver Board of Trade, Local, Port, Canadian Union of Public Employees, U.S . Department of Transportation, Alliance for Chemical, Canadian Pacific Kansas City, Canadian National Railway, Logistics, International, Warehouse Union of Canada, ITS Logistics, East, Canadian West, USA, U.S ., American Apparel and Footwear Association, British Columbia Maritime Employers Association, Federal Mediation, Conciliation Services, Canada, ILWU, U.S, Canadian Labor Locations: West Coast, Vancouver, of, Foreman, Greater Vancouver, U.S, Port of Montreal, Montreal, United States, of Vancouver, Canada, Canadian West Coast, Port, Midwest, Asia, U.S . West Coast, Los Angeles, Long Beach , California, British Columbia, American, British, East Coast

☆ Voting systems: How we know the election is secure
▼ + stars: | 2024-11-04 | by ( Zachary Wolf | ) edition.cnn.com time to read: +14 min

Musk has used X to spread unfounded allegations about voting systems, laying groundwork to question the election before it happens. To better understand the security of US voting systems and why there’s no indication that they’re not secure, I talked to CNN’s Zachary Cohen, who covers national security, and Sean Lyngaas, who covers cybersecurity. There are three large election equipment vendors in the US: Dominion; ES&S, or Election Systems and Software; and Hart InterCivic. Dominion Voting Systems ballot-counting machines are lined up at a Torrance County warehouse during testing of election equipment with local candidates and partisan officers in Estancia, New Mexico, on September 29, 2022. COHEN: We know people, these pro-Trump operatives and lawyers, have already gotten access to election software – voting software, voting systems in Georgia, copied the entire election database from several counties.

Persons: Donald Trump, Elon Musk, Trump, ”, CNN’s Zachary Cohen, Sean Lyngaas, Hart InterCivic, Andres Leighton, COHEN, we’ve, Sean, We’ve, there’s, Hart, they’ll, It’s, Elon, Kamala Harris, Doug Logan, Joe, Biden, Stephen Richer, Richer, that’s, hasn’t, they’re, Tina Peters, it’s Organizations: CNN, Dominion, Fox News, Software, Federal, Trump, Idaho National Labs, Department of Energy, Arizona, Team Trump Locations: Pennsylvania, Torrance County, Estancia , New Mexico, County ( Georgia, Coffee, Mesa County , Colorado, Michigan, Georgia, Idaho, Maricopa, Maricopa County , Arizona, Colorado

☆ Watch the AI robots that Jeff Bezos just invested in fold laundry and put eggs in a carton
▼ + stars: | 2024-11-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Jeff Bezos just invested in an artificial intelligence startup creating digital brains for robots. Videos from the company show robots folding laundry, bussing tables, and assembling boxes. At Physical Intelligence (π) our mission is to bring general-purpose AI into the physical world. Physical Intelligence, a representative for Bezos, and the other VC firms reportedly in the funding round did not immediately respond to requests for comment from Business Insider. OpenAI and Microsoft have invested in humanoid robot startup Figure AI.

Persons: Jeff Bezos, — Organizations: Service, Physical Intelligence, Amazon, Lux Capital, The New York Times, Business

☆ IKEA will pay 6 million euros to East German prisoners forced to build their furniture in a landmark move
▼ + stars: | 2024-11-03 | by ( Sophie Tanno | ) edition.cnn.com time to read: +4 min

CNN —Furniture giant IKEA has agreed to pay 6 million euros ($6.5 million) towards a government fund compensating victims of forced labor under Germany’s communist dictatorship, in a move campaigners hope will pressure other companies to follow. Political as well as criminal prisoners in Germany during the Cold War era were forced to build flatpack furniture for IKEA. IKEA representatives at the time were likely aware that political prisoners were being used to supplement labor, the report found. Sven Hoppe/picture-alliance/dpa/AP“After it became known that the company was involved in forced prison labor, IKEA accepted our invitation to talk. According to UOGK, IKEA is one of many companies that benefitted from forced prison labor in communist Germany.

Persons: Ernst, Young, Andreas Hampel, East Germany’s, Walter Kadner, “, ”, Dieter Dombrowski, UOGK, Sven Hoppe, ” Dombrowski, Rainer Wagner, Evelyn Zupke Organizations: CNN, IKEA, German Democratic, Getty, Union of Victims ’, of Communist, IKEA Germany Locations: Germany, East Germany, Soviet Union, German Democratic Republic, Rothensee, IKEA Germany, GDR, Eching, Bavaria

☆ Israel has long wanted to dismantle the UN’s Palestinian refugee agency. The consequences could be disastrous for all
▼ + stars: | 2024-11-03 | by ( Mick Krever | ) edition.cnn.com time to read: +13 min

Nor, he said, was he motivated by the claim that UNRWA perpetuates Palestinian refugee status. AFP/Getty ImagesThe entrance to Aida Refugee Camp, near Bethlehem, in the occupied West Bank. “If they shut down UNRWA, that means there is no Palestinian refugee cause. Dawoud Abo Alkas/Anadolu/Getty ImagesAn UNRWA school in al-Am'ari Refugee Camp, in Ramallah, in the West Bank. Nur Shams refugee camp near Tulkarm, in the Israeli-occupied West Bank, after an Israeli raid in September.

Persons: Jerusalem CNN — Benjamin Netanyahu, –, “, Nikki Haley, ”, Israel –, Donald Trump’s, Netanyahu –, Trump’s, Works Agency for Palestine Refugees – Netanyahu, ‘, Boaz, Hani Alshaer, Israel, ” –, Netanyahu, Aaron David Miller, Mick Krever, ” Philippe Lazzarini, they’re, Diana Buttu, ’ Saleh Shunnar, “ Israel, Miller, Mahmoud Issa, Deir, Abd Abu Amra, Dawoud Abo, Issam, Chris Sidoti, Nadav Tamir, ’, Nur Shams, Mohamad Torokman, Jerusalem –, don’t, ” Tamir, Zeena, Abeer Salman, Mohammed Al, Shira Gemer Organizations: Jerusalem CNN, US, United, UN, United Nations Relief, Works Agency for Palestine Refugees, West Bank, UNRWA, Israel Defense Forces, Qassam, Anadolu Agency, Getty, Washington Post, Assembly, CNN, Refugees, UNHCR, Reuters, Dawoud, Dawoud Abo Alkas, East, UN’s Independent International Commission of, Geneva Convention, Anadolu, J, Israel Locations: Jerusalem, Israel, American, Gaza, ”, Hamas, Be’eri, British, Palestine, AFP, Bethlehem, Swiss, “, Deir Al, Palestinian, Gaza City, Anadolu, al, Ramallah, Lebanon, Jordan, Syria, East Jerusalem, Australian, Palestinian Territory, “ Israel, Geneva, New York, Tulkarm

☆ 4 retail stocks that look good even if the holiday shopping season is soft
▼ + stars: | 2024-11-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

The holiday shopping season is upon us, and our retail stocks are well-positioned to thrive, according to Wall Street research firm Telsey Advisory Group. Telsey Advisory expects value-seeking to be a key theme among shoppers this year, which puts companies with reputations for good deals on solid ground. Overall, the firm expects holiday retail sales up between 3% to 3.5% this year, compared with 4.6% growth last year and a 5.4% increase in 2022. Costco has had a good year so far, and that should continue in the final months of 2024, Telsey Advisory argued. Big picture Telsey Advisory selecting these four Club stocks as preferred names this holiday season reflects their competitive chops within their respective categories.

Persons: Dana Telsey, Milton, we've, Jim Cramer's, Jim Cramer, Jim, Thomas Trutschel Organizations: Telsey Advisory, Costco, TJX Companies, Telsey, Walmart, CNBC, National Retail Federation, Hurricanes, U.S, Amazon Prime, Photothek, Getty

☆ I've worked at Costco for over 19 years. Here are my 7 best tips for shopping there.
▼ + stars: | 2024-11-01 | by ( Veronica Thatcher | ) www.businessinsider.com time to read: +5 min

I've worked at Costco for 19 years, so I have a few key tips for shopping at the warehouse. If you shop at Costco a lot, get the executive membership and pay attention to the prices of items. AdvertisementI've worked at Costco's membership counter for over 19 years. If you shop at Costco a lot, consider getting an executive membershipCostco's executive membership can save you money in the long run. Employees at Costco's membership counter can also check if any surrounding warehouses will continue to restock that item.

Persons: I've, —, they're, Veronica Thatcher, it's, Veronica Thatcher Kirkland, Kirkland, Thatcher Costco Organizations: Costco, Service, Kirkland

☆ Why fast-food chains and big brands love loyalty programs
▼ + stars: | 2024-11-01 | by ( Nora Redmond | ) www.businessinsider.com time to read: +6 min

Fast-food chains and retailers are using loyalty programs to drive sales amid inflation challenges. AdvertisementRetailers and fast-food chains are leaning into loyalty programs to drive sales. Starbucks' loyalty program is also growing. AdvertisementThe power lies in the perksHowever, a good loyalty program should be about more than just the points. Advertisement"In a marketplace where choices are endless, a strong loyalty program doesn't just retain customers, it also builds a relationship that feels personal and valuable," she said.

Persons: —, McDonald's, Chris Kempczinski, Kempczinski, It's, Laxman Narasimhan, Paschal, Lindsey Wasson, Burger, Kevin Shahnazari, Zsuzsa Kecsmar, Zarina Stanford, doesn't, Kecsmar Organizations: Service, Global, Starbucks, Costco, AP, KFC, Burger King, Nike Locations: Colorado

☆ Eagle feathers play a sacred role in powwows. Poachers are exploiting the high demand
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +8 min

Golden eagle feet recovered by law enforcement officers from a Washington state man's vehicle. He said illegal shootings were “absolutely wrong” but sympathized with tribal members who don’t want to wait years for eagle parts. Around his waist was a decorative piece strung with eagle feathers, and he carried a short wooden stick carved into a bald eagle head, a single feather hanging from it. Online posts from people selling eagle feathers illegally are relatively easy to find on internet marketplaces. Most dead eagles, parts and feathers received by tribal members come from the wildlife service’s National Eagle Repository.

Persons: —, AP Perry Lilley, they’re, it’s, That’s, ”, Ed Grace, “, Kenneth Deputee, Bill Voelker, ’, Grace, ” Grace, Voelker, Lilley Organizations: Montana Indian, U.S, Attorney, District of, AP, Fish, Wildlife Service, Prosecutors, U.S . West, Eagles Locations: Mont, —, poisonings, Montana, Washington, U.S, District of Montana, Nakota, Colorado, powwows, Billings, Crow, Kootenai, Dakota, Iowa , Montana , Nebraska, Wyoming, U.S ., Oklahoma, Denver

☆ Target releases its cheapest-ever Thanksgiving meal deal
▼ + stars: | 2024-10-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Target is lowering the price of its Thanksgiving meal bundle, adding to the roughly 8,000 products that have been discounted as it attempts to attract inflation-weary shoppers during the holiday season. Target is the latest major retailer to chop the price of its Thanksgiving meal bundle, joining Aldi and Walmart in a holiday price war. Sam’s Club last week announced a Member’s Mark Thanksgiving meal, which feeds up to 10 people for under $100, made up of the warehouse club’s private label products and is delivered already cooked. Food price inflation has moderated substantially during the past year, Consumer Price Index data shows. Gomez said Target customers are buying in bulk to save money, or purchasing smaller items that have cheaper prices compared to their full-sized counterpart.

Persons: Rick Gomez, Dr, Michael Swanson, Gomez, ”, “ Organizations: New, New York CNN, Target, CNN, Aldi, Walmart, Sam’s, of Labor Statistics, Food Institute Locations: New York, Wells

☆ Sam's Club CEO says automating stores isn't a move to eliminate jobs
▼ + stars: | 2024-10-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Sam's Club CEO told BI the warehouse club's automation push isn't about wanting to trim its workforce. Sam's Club CEO Chris Nicholas told Business Insider that the company's automation push isn't about trimming the number of employees in stores long-term. That's almost double what a typical club employs, according to Sam's Club. In the low-markup world of warehouse club retail, overall profitability is heavily tied to membership fees. If you are a Sam's Club worker who wants to share your perspective, please contact Dominick via email or text/call/Signal at 646.768.4750.

Persons: Chris Nicholas, —, Sam's, That's, Nicholas, that's, We've, we've, Damion Shelton, it's, he's, Dominick Organizations: Sam's, Service, Business, Walmart, Costco, Sam's Club, MIT Locations: Dallas, Grapevine , Texas

☆ Buy this tech firm that's quietly automating warehouses with robots, say Berenberg and Citi — giving it 50% upside
▼ + stars: | 2024-10-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

AutoStore , founded in 1996 and listed since 2021 in Norway, provides robots and technology to automate traditional warehouses. The company has grown to control approximately 80% to 90% of the market, according to German investment bank Berenberg. The investment bank initiated coverage with a price target of 15 Norwegian kroner ($1.37), pointing to roughly 50% upside from the current share price level. Analysts at Norway-based Arctic Securities have the most bullish outlook with an 18 Norwegian krone price target, indicating a 78% upside. Instead, they cited media reports that Amazon will likely rely on AutoStore's technology in its grocery rollout in the United States.

Persons: Lasse Stueben, Stueben, Martin Wilkie, Berenberg Organizations: Citi, THG plc, Securities, Big Tech Locations: AutoStore, Norwegian, Norway, Germany, Europe, British, United States

☆ The latest sign Costco is having a 'Netflix moment'
▼ + stars: | 2024-10-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Morgan Stanley analysts say they've seen "surprising conversion rates" of shoppers paying the fee. Costco could grow US signups by about 8%, or about 4 million people, analysts estimated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Morgan Stanley analysts said, "Our analysis is theoretical and we are not changing our estimates." AdvertisementIf you are a Costco worker who wants to share your perspective, please contact Dominick via email or text/call/Signal at 646.768.4750.

Persons: Morgan Stanley, —, Morgan, Simeon Gutman, they've, Dominick Organizations: Netflix, Costco, Service, Business, Star, Walmart, Amazon Locations: Issaquah , Washington

Counterfeiting has ballooned into a massive problem for Crye, costing it millions of dollars a year, said Jonathan Antone, the company's general counsel. By 2016, sellers were speaking out about Amazon's growing counterfeit problem, telling CNBC of the company's effort to openly court Chinese manufacturers. "There's a lot more space on that digital shelf for potential counterfeit products," he added. Agents seized "multiple tractor trailer loads" of counterfeit MultiCam products, estimated to be worth $8 million, according to court documents. Crye showed CNBC examples of counterfeit MultiCam products that were allegedly sold by retailer L&Q Tactical, one of the defendants in the lawsuit, on Amazon.

Persons: Ramin Kohanbash, Bernard Klein, Jonathan Antone, Crye, It's, it's, Counterfeits, Jason Goldberg, Goldberg, counterfeits, Kebharu Smith, Jeff Bezos, Bezos, Smith, We're, Antone, Ernesto Rodriguez, Crye's, Crye Precision's Ernesto Rodriguez Organizations: New York's Brooklyn Navy Yard, California, outfitters, California Surplus, CNBC, Amazon, Brand Registry, Justice Department, FBI, Prada, Homeland Security, Department of Defense, Agents, Crye Locations: New, New Jersey, America, Brooklyn, Brooklyn , New York, Arlington , Virginia, Texas, California

Their memories are so short,” the man said, incredulous that any union member in Wisconsin is now backing Trump. Teamsters members who backed Harris carried out what’s considered by the campaign to be among the most persuasive of arguments: those made peer to peer. After the news broke that the national organization wouldn’t endorse Harris, however, local Teamsters groups, including many of the largest, swiftly backed Harris. Trump’s a scab!”The United Auto Workers union, which has a vast representation in the swing state of Michigan, has also put its weight behind Harris. It’s my tax money going to union workers,” Jones said.

Persons: Kamala Harris, Scott Walker’s, Donald Trump, “, Trump, ”, Harris, Tim Walz, Democratic Sen, Tammy Baldwin, what’s, Elon Musk, ” Josh Orton, Harris ’, Bill Carroll, Mandel Ngan, Sean O’Brien, Joe Biden, Karoline Leavitt, ” Leavitt, Leavitt, Jim Ridderbush, ” Ridderbush, didn’t, Shawn Fain, Biden, John A, Daniel Jones, “ That’s, ” Jones, “ Donald Trump, he’d, Scott Walker, Tesla, “ I’m Trump, ” Jacob Ralph, Lori Jensen, Sean O’Brien didn’t, Sean, “ I’ll Organizations: Teamsters, Republican Gov, Gov, Democratic, Trump, NBC News, Getty, International Brotherhood of Teamsters, United Food, Commercial Workers, “, United Auto Workers union, Biden, Neenah Locations: OSHKOSH, Wisconsin, Foxconn, Michigan, Pennsylvania, Madison, Wis, AFP, Green Bay, Oshkosh, Duluth , Minnesota, Superior , Wisconsin

☆ Sam’s Club enters the Thanksgiving meal deal wars with a pre-cooked feast
▼ + stars: | 2024-10-24 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Sam’s Club has now entered the Thanksgiving meal deal wars. Sam’s Club on Thursday announced a Member’s Mark Thanksgiving meal, which feeds up to 10 people for under $100, made up of the warehouse club’s private label products. That follows Aldi, which released its lowest-priced Thanksgiving meal deal in five years, feeding 10 people for $47, or $4.70 per person. That is about $2 cheaper than a similar offer at Walmart, which owns Sam’s Club, which markets a meal to serve eight people for less than $7 per person. Unlike Aldi and Walmart’s turkey dinner, Sam’s Club is also offering to deliver the meal fully pre-cooked, ready to be heated up and served in under two hours.

Persons: Costco’s Kirkland, Butterball, Sam’s Club Myron Frazier, it’s, CNN’s Jordan Valinsky Organizations: New, New York CNN — Sam’s, Sam’s, Aldi, Walmart, Sam’s Club Locations: New York, Ukraine, brussels

☆ In the battle of WiFi versus mesh networks, the latter has the edge. Two tech leaders share why.
▼ + stars: | 2024-10-24 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

Mesh networks consist of devices that connect to each other rather than to a single router. A mesh network is a private wireless broadband network in which devices, or connection points, link to one another in a weblike structure. Mesh networks also offer significantly more safety and security, whether from a malicious attack or other breach. We're also moving toward more autonomy and artificial-intelligence-driven decision-making, applications, and technologies; mesh networks are built for that. If you drop a mesh network into an environment with poor LAN architecture and configuration, it will become apparent pretty quickly.

Persons: —, Steven Griggs, Todd Rigby, Griggs, Rigby, Erica Sweeney, We're, Sweeney Organizations: Rajant Corporation, Service, LTE

☆ Amazon to shut down speedy brick-and-mortar delivery service
▼ + stars: | 2024-10-22 | by ( Annie Palmer | Annie Palmer Is An Associate Tech Reporter For Cnbc. | ) www.nbcnews.com time to read: +3 min

Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. Select retail partners will be able to continue fulfilling orders with Amazon Today through Jan. 24, 2025, Amazon told CNBC. The closure of Amazon Today is the latest example of the company’s broader cost-cutting efforts. Launched in 2022, Amazon Today allows retailers who sell on Amazon to offer speedy delivery from their brick-and-mortar stores and shopping malls in select cities. Amazon Today was part of the company’s push to get online purchases to shoppers’ doorsteps at faster speeds.

Persons: Andy Jassy, Jassy, Jeff Bezos, Amazon’s, ’, Kate Hudson, ” Organizations: CNBC, Amazon, Amazon Today, Employees, Flex, ’, Staples Locations: Jan

☆ Sam's Club CEO wants you to feel like you're shopping in the future
▼ + stars: | 2024-10-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +8 min

Sam's Club CEO Chris Nicholas tells BI he wants shoppers to have all three. The Grapevine Sam's Club is literally bristling with tech, not just in the form of the hulking blue AI-powered gateways. Sam's Club has also been a test-bed for retail concepts that eventually find their way into Walmart's 4,600 US stores and beyond. He, too, previously served as Sam's Club CEO. "My hope is that Sam's Club, when you shop, feels like what it's like to shop in the future.

Persons: Chris Nicholas, Nicholas, —, Dominick Reuter, it's, Sol Price —, Sam Walton, Sam's, John Furner, Doug McMillon strolled, jogger sweatpants Organizations: Sam's, Service, Costco, Walmart, Shoppers, innovating, Grapevine Sam's, Business, Sam's Club Locations: Texas, Grapevine , Texas, Grapevine, Dallas, Walmart's

☆ Why I paid $95 to recycle a mattress — and you might, too
▼ + stars: | 2024-10-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +9 min

The author paid a company, Renewable Recycling, to pick up and recycle his queen-size mattress in New York City. Greg IacurciI paid $95 to recycle a mattress. Why mattress recycling can be expensiveShredded old mattress materials. Guillaume Souvant | Afp | Getty ImagesThe $95 fee I ultimately paid to Renewable Recycling is "pretty standard" among mattress recyclers, Conway said. For example, cotton remnants must be picked off steel mattress springs before it can be shredded or baled for sale to scrap markets, according to the Mattress Recycling Council.

Persons: Greg Iacurci, Alicia Marseille, Robert Brook, —, Meg Romero, Charles, Mark Rightmire, Romero, Peter Conway, Conway, Guillaume Souvant, Charles County, " Romero, Staples, Reid Lifset, Amanda Wall, Wall Organizations: Renewable, U.S, Mattress, Arizona State University, MRC, Salvation Army, Goodwill, Freecycle, Recycling Inc, MediaNews, Orange, Getty, Spring, Afp, Yale School of, Colorado, Environmental Resources, Arizona State University Individuals, International Sleep Products Association Locations: New York City, Brooklyn, Charles County , Maryland, East Rockaway , New York, San Juan Capistrano , California, Spring Back Colorado, Commerce City, Colorado, Oceanside , New York, Charles, California, Mexico, Canada, India, Egypt, Texas, Marseille, — California, Connecticut, Rhode, Oregon, Rhode Island, New York , Massachusetts, Maryland, Virginia

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