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☆ Owners want out at a super-luxe skyscraper on 'Billionaire's Row': report
▼ + stars: | 2024-05-30 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn ultra-luxe "Billionaire's Row" residential tower has been mired in a lengthy legal dispute, and some owners are now looking to sell building, according to a report in The Wall Street Journal. The condominium board at 432 Park Avenue in midtown Manhattan — once the tallest residential building in the Western Hemisphere — first sued the building's developers in 2021. In the three years since the initial lawsuit, the battle has intensified, with more than 4 million pages of documents filed in court, according to The Wall Street Journal. Eighteen units in 432 Park, totaling 14% of the building's units, were listed for sale as of mid-May, the Wall Street Journal analysis found, citing data from StreetEasy.

Persons: — Organizations: Service, Street, Hemisphere, Business, Wall Street, Wall, WSJ Locations: midtown Manhattan —, New York City, StreetEasy

☆ Survivors say Russia is waging a war of sexual violence in occupied areas of Ukraine. Men are often the victims
▼ + stars: | 2024-05-30 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +22 min

Editor’s Note: This story contains graphic and disturbing descriptions of sexual violence. Everywhere that Russian troops were located, we’re seeing cases of sexual violence and gender-based violence. But the real scale of sexual violence committed during the war may never come to light. Ukrainian officials say that it is difficult, but not impossible, to track down individual perpetrators of sexual violence crimes. Some survivors of sexual violence committed by the Bosnian Serb army during the Bosnian war in the early 1990s are only now coming forward.

Persons: Roman Shapovalenko, ”, —, Shapovalenko, ’, “, –, Chris McGrath, Anna Sosonska, Sosonska, ‘, ’ Roman Chernenko, Chernenko, …, ” Sosonska, Anna Mykytenko, ” Mykytenko, Mykytenko, Ukraine –, Vladimir Putin, Aleksey Smagin, Aleksandr Naumenko, Naumenko, – Oleksandr Chilengirov, Dmitry Laikov, Oleksii, ” Andrii, Andrii, Anna Voitenko, Putin, Russia’s, Maria Lvova, Oleksii Sivak, Sivak, ’ ”, ‘ we’re, ” Sivak Organizations: Kyiv CNN —, Russia’s Federal Security Service, Russian, CNN, Getty, United Nations Security, Ukraine’s, GRU, Russian Federal Penitentiary Service, Russia’s Ministry of Defense, Interior Ministry, National Guard, Kyodo, Criminal Court, ICC, UN, Global Rights, European Union, Ministry of Defense, Luhansk People’s Republics, Rosgvardia, Ukrainian, FSB’s Department, Defense, Constitutional, Terrorism, International Court of Justice, Kremlin Locations: Kyiv, Ukrainian, Kherson, Russia, Ukraine, Snihurivka, Moscow, Donetsk, Zaporizhzhia, Kharkiv, Crimea, Olenivka, Mariupol, Russian, Geneva, Rome, United States, United Kingdom, Luhansk, Russia’s Rostov, Nova Kakhovka, ‘, Bosnian

☆ How Joe Biden’s red line on Israel went from a ‘parlor game’ to a murky milestone
▼ + stars: | 2024-05-30 | by ( Kevin Liptak | ) edition.cnn.com time to read: +11 min

Many Democrats, along with foreign leaders who the US counts as allies, say Israel’s actions clearly cross a red line – if not Biden’s, then their own and those of international law. Would that be a red line?” MSNBC’s Jonathan Capehart asked during an interview. His answer, with its incomplete sentences, did not state what might constitute a violation of the red line or what his response would be. “I went over the red line issue, which I know is the obsession of this group, last week. Whether Biden drew a red line or not, his counterpart in Israel found reason to dismiss the president’s comments.

Persons: Joe Biden, Biden, Biden’s, Jake Sullivan, Benjamin Netanyahu, “, Sara Jacobs, Antony Blinken, “ I’m, ” Sullivan, Israel, Netanyahu, –, Jonathan Capehart, I’m, ”, … ” Biden, didn’t, I’ve, it’s, we’ve, ” Netanyahu, CNN’s Erin Burnett, “ We’re, Blinken, Kamala Harris, John Kirby, Kirby, CNN’s Alex Marquardt Organizations: Philadelphia CNN, CNN, Democrats, Foreign, White, Biden, Press, Gaza Health Ministry, White House Locations: Rafah, Israel, United States, California, American, Gaza, “, I’m, That’s

☆ Gaza Offensive Will Last at Least Through End of Year, Israeli Official Says
▼ + stars: | 2024-05-29 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +7 min

U.S. officials said on Tuesday that the Israeli strike that killed dozens of Palestinians in southern Gaza was a tragedy but that it did not violate President Biden’s red line for withholding weapons shipments to Israel. The United States is by far the biggest supplier of weapons to Israel, which raises questions about American responsibility as the death toll mounts. She did not answer a follow-up question about whether the strike crossed a red line for Mr. Biden. A State Department spokesman, Matthew Miller, said the United States was watching Israel’s investigation of the incident closely. Israel’s retaliatory offensive has killed more than 36,000 people, many of them women and children, according to health officials in Gaza.

Persons: John F, Kirby, —, they’re, Biden, Israel, ” Mr, “, Mr, Kamala Harris, Benjamin Netanyahu, Matthew Miller, Miller, ”, Daniel Hagari, Khan Younis, Khaled Elgindy, Elgindy, ” Erica L, Green, Michael Crowley Organizations: Mr, European Union, United, CNN, United Nations, State Department, Middle East Institute Locations: Rafah, Gaza, Israel, United States, United Nations, Egypt, China, “, Hamas, Washington, New York

☆ Apple slashed iPhone prices in China. Sales are bouncing back
▼ + stars: | 2024-05-29 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A rebound in Apple’s iPhone sales in China is gaining momentum, after the company aggressively cut prices in its largest overseas market to lure back consumers actively hunting bargains in a weak economy. The increase is a major acceleration from the 12% growth logged in March by foreign-branded smartphones, according to previous data from CAICT. But iPhone sales started to bounce back in March after Apple and its retail partners slashed prices, according to CAICT data. The hefty reductions are “the only way” for Apple to defend its market share in China, Jefferies analysts said earlier this week. That will help Apple regain its lost market share but is also likely to put pressure on its competitors to cut prices further.

Persons: Apple, Jefferies, “ Organizations: Hong Kong CNN, CNN, China Academy of Information, Communications Technology, Ministry of Industry, Information Technology, Global Times, Apple, Counterpoint Research, Huawei, Alibaba, Xiaomi Locations: China, Hong Kong

☆ I spent thousands renovating my kitchen and went over budget — but there are still 3 things I wish I'd done differently
▼ + stars: | 2024-05-29 | by ( Matt Ng | ) www.businessinsider.com time to read: +4 min

However, during the renovation, we eventually went over budget and realized we should have done a few things differently. However, the unexpected cost of installing a new circuit board and wiring for the range cooker made us reluctant to add anything else to our tab. Matt NgI wished we had the time and space to shop around more, as we didn't feel the consultant we worked with provided the ideas to really make smarter use of our kitchen space. With all that said, we still adore our kitchen, not least our excellent range cooker and new flooring — our old slate tiles were hard, uncomfortable, and horrible to clean. AdvertisementSince it was our first kitchen renovation, we're a little more armed with experience and the pitfalls should we ever need to do a second.

Persons: —, Matt Ng, there's, we'd, we've, might've, weren't, Let's, that's Organizations: Service, Business

☆ A software engineer worked at Tesla, SAP, and Salesforce. Here's how he negotiated his salary, including a $520,000 Meta offer.
▼ + stars: | 2024-05-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

He was offered $150,000 a year for a base salary, restricted stock units, and an annual bonus. AdvertisementSalesforceHe moved to Salesforce, joining in a slightly more senior software role from his last role at SAP. His base salary was about $150,000, stocks would amount to $17,500 per year, and his annual bonus was $15,000. AdvertisementThe new role moved him from software engineer to senior software engineer. Business Insider has verified his offer letters, employment history, and Meta compensation.

Persons: —, Hemant Pandey, I've, Tesla Pandey, Tesla, Pandey, Salesforce, hadn't, there's, it's Organizations: Service, SAP, Meta, Business, Salesforce, LinkedIn, Menlo Locations: Salesforce

☆ China is developing systems to hunt US submarines from the air
▼ + stars: | 2024-05-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

China is developing new systems to hunt the US nuclear-powered submarines that could threaten a Chinese invasion of Taiwan, according to a new report. Also significant is that Chinese airborne sub hunters are tasked with protecting Chinese ballistic missile submarines as they sail to their patrol and launch locations. Current Chinese sonobuoys require "a complicated and labor-intensive series of manual button presses to configure sonobuoy parameters such as radio working frequency, working depth, working time, and pulse form to fit maritime conditions before deployment." "PLAN ASW units are training under more realistic conditions, and breaking down administrative barriers which prevented them from generating more training opportunities in different operational environments." AdvertisementFor example, since 2015, training materials have stressed the need for ASW aircraft and ships to work closely together, which is standard practice in the US and Western navies.

Persons: Eli Tirk, Daniel Salisbury, Tirk, Deanna C, Michael Peck Organizations: Service, Business, People's Liberation Army Navy, Taiwan, China Maritime Studies, Naval War, PLAN, US Navy, China Electronics Technology Group Corporation, Aviation Industry Corporation of China, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Taiwan, Japan, Salisbury, America, Forbes

☆ The 15 U.S. cities where rent has declined the most—none are in the Northeast
▼ + stars: | 2024-05-29 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Rent prices have been a lone bright spot amid high inflation, as one-bedroom homes in many cities are cheaper than they were a year ago. While one-bedroom rental prices ticked up 1.2% on a monthly basis in May, they've been mostly flat in 2024. The decline in rental prices in southern cities is largely due to increased construction of rental units, but also population loss in some cities, especially in California, Zumper's study says. The city has encouraged new construction through property annexation and zoning reform, adding thousands of rental units in 2023. Here's a look at the 15 U.S. cities with the largest drops in one-bedroom rental prices for the year ending May 24, according to Zumper's data.

Persons: Zumper, —, they've, Zumper's Locations: U.S, California, Greensboro , North Carolina

☆ We're cutting our price target on Salesforce after mixed earnings, soft guidance
▼ + stars: | 2024-05-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The company's balance of margin expansion with the potential for faster top-line growth should lead to strong earnings growth. Non-GAAP operating margin benefited from the lower cost of revenues, sales and marketing, and general and administrative expenses. Management reduced its revenue growth forecast for the subscription and support business to slightly below 10% over last year. The adjusted operating margin target of 32.5% was reaffirmed and is in line with expectations. For the second quarter, Salesforce estimates revenues of $9.2 to $9.25 billion, below the $9.345 billion estimate.

Persons: Salesforce isn't, Brian Millham, Marc Benioff, we've, Salesforce, That's, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Revenue, LSEG, SAP, Microsoft, Nvidia, CRM, Management, buybacks, CNBC, Bloomberg, Getty Locations: San Francisco , California, U.S

☆ AI-driven boost in PC and smartphone upgrades benefits these 5 stocks
▼ + stars: | 2024-05-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

At its annual Worldwide Developers Conference next month, it's believed that Apple will share more information about an expected AI-integrated iPhone. Jim Cramer has said that new AI capabilities on devices and for devices will usher in the " greatest refresh cycle in history ." Wireless stands to benefit from the expected increase in iPhone sales because Apple is one of Broadcom's largest customers. If there's a surge in PC sales, in particular, this could boost both Nvidia's Gaming and Professional Visualization segments. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Satya Nadella, it's, Jim Cramer, It's, Tim Cook, Jim, iPhones, Jim Cramer's, Eugene Mymrin Organizations: Microsoft, Developers Conference, Apple, Broadcom, Nvidia, Computing, Windows, Revenue, Shareholders, China Academy of Information, Communications Technology, Broadcom Wireless, Broadcom's Semiconductor, Nvidia's Gaming, Club, HP Inc, Dell, CNBC Locations: China

☆ Morgan Stanley picks global stocks to ride the Nvidia boom — and gives 4 more than 50% upside
▼ + stars: | 2024-05-29 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Investor darling Nvidia is dominating headlines once again after its earnings last week surpassed expectations on the back of the artificial intelligence boom. Morgan Stanley notes that the reaction to Nvidia's first quarter results is "very telling on how much buying power still exists in the market." Here are seven of Morgan Stanley's overweight-rated stocks to play these AI themes: Overweight-rated stocks Among Morgan Stanley's list of AI stock opportunities are South Korean tech giant SK Hynix and Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company . SK Hynix stocks are held in the iShares MSCI South Korea ETF (8.4% weight) and Franklin FTSE South Korea ETF (8.3% weight). Shares in TSMC are included in the iShares MSCI Taiwan ETF (25.1% weight) and Franklin FTSE Taiwan ETF (22.2% weight) Beyond the headline-makers, Morgan Stanley also sees potential in Japanese manufacturer Advantest Corp .

Persons: Morgan Stanley, Nvidia's, Hopper, Morgan Stanley's, Morgan, Goldman Sachs, — CNBC's Michael Bloom Organizations: Nvidia, SK Hynix, Taiwan Semiconductor Manufacturing Company, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, Advantest Corp, Japan Equity, JPMorgan BetaBuilders Japan, Alchip Technologies, Technology, Memory Technology, Micronics Locations: Asia, Korean, Korea, Franklin FTSE South, Taiwan, Franklin FTSE Taiwan

☆ US home prices hit another record high in March
▼ + stars: | 2024-05-28 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington CNN —US home prices reached a record high in March, reflecting the housing market’s persistent affordability crisis. The S&P CoreLogic Case-Shiller US National Home Price Index, a measure of home prices across the country, jumped 6.5% in March from a year earlier to a record high. It is the sixth time the index has reached a new record high over the past year. Persistent challenges, but some slight improvementsHousing affordability, which factors in incomes, home prices and mortgage rates, remains in the doldrums. Annual home price growth is down from a record high of 20.8% in March 2022, but it has picked up steam in the past several months.

Persons: ”, Brian Luke, Dow, “ We’ve Organizations: Washington CNN, Dow Jones, Federal Reserve, Treasury, National Association of Realtors Locations: San Diego , New York, Cleveland, Los Angeles

☆ We're initiating a position in a turnaround stock and buying more of another name
▼ + stars: | 2024-05-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Shortly after the opening bell, we will initiate a position in Dover by buying 100 shares at roughly $184.20. Meanwhile, total revenue was up 1% — the first positive growth since the first quarter of last year — to $2.09 billion, ahead of the expected $2.03 billion. That business posted 9.2% organic growth and total revenues of $543 million, far above the expected $495 million. Another standout business was pumps and process solutions, which had 4.5% organic growth and total revenue of $466 million, beating the expected $441 million consensus estimate. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, DOV, We'll, Jim Cramer, Jim Organizations: DuPont, Dupont, Management, Dover, Citi, CNBC Locations: Dover

☆ U.S. Officials Say Deadly Rafah Airstrike Did Not Cross Biden’s Red Line
▼ + stars: | 2024-05-28 | by ( Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

U.S. officials said on Tuesday that the Israeli strike that killed dozens of Palestinians in southern Gaza was a tragedy but that it did not violate President Biden’s red line for withholding weapons shipments to Israel. “We don’t want to see a major ground operation,” Mr. Kirby told reporters. “We haven’t seen that.”Israeli tanks were on the outskirts of the city “to try to put pressure on Hamas,” Mr. Kirby said. He also offered a measure of specificity about Mr. Biden’s warning to Israel, which critics have said was too vague. The United States is by far the biggest supplier of weapons to Israel, which raises questions about American responsibility as the death toll mounts.

Persons: Biden, Israel, John F, Kirby, ” Mr, “, Mr Organizations: Mr Locations: Gaza, Israel, United States, Rafah

☆ Inside Amazon's struggle to crack Nvidia's AI-chip dominance
▼ + stars: | 2024-05-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +15 min

"I'm not aware of anyone using AWS chips in any sort of large volumes," Rasgon told Business Insider, referring to Amazon's AI chips. This time, the idea is to avoid paying for expensive Nvidia GPUs, while still providing cloud customers with powerful AI services. An obvious response to this would be to have cloud customers use Amazon's AI chips instead. However, some of the largest AWS customers have not been willing to use these homegrown alternatives, the documents said. For example, AWS's AI chips still have "compatibility gaps" in certain open-source frameworks, making Nvidia GPUs a more popular option.

Persons: —, Stacy Rasgon, Bernstein, I'm, Rasgon, Adam Selipsky, Jensen Huang, Andy Jassy, Inferentia, Trainium, Omdia, Snowflake's, Sridhar Ramaswamy, Eóin Noonan, CUDA, Ramaswamy, James Hamilton, Jassy, Gartner, Huang Organizations: Service, Microsoft, Google, Business, Services, Nvidia, Intel, Amazon, NVIDIA CUDA, Netflix, Neuron, AWS, NVIDIA, Amazon VP, James Hamilton Amazon, BI Locations: CUDA, Toronto

☆ Investors have made these 9 AI plays their core holdings, Bank of America data shows
▼ + stars: | 2024-05-28 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Bank of America found that nine of 10 stocks on its list are tied to the AI boom. Buying AI," Bank of America strategists led by Savita Subramanian said in a note. "AI stocks are now core holdings." Meta Platforms , Uber Technologies , Netflix and ServiceNow also experienced a rise in popularity among active fund managers, according to Bank of America. The Wall Street firm said the change in fund managers' ownership has been positively correlated with the number of "AI" mentions on earnings calls.

Persons: Eli Lilly, Savita Subramanian, ServiceNow Organizations: Bank of, Bank of America, Broadcom, Arista Networks, Applied Materials, Nvidia, Microsoft, Uber Technologies, Netflix Locations: U.S

☆ Apple's iPhone shipments to China surged in April. Jim Cramer says there's more to the story
▼ + stars: | 2024-05-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. In response, Jim Cramer said, "Nvidia is capturing so much of the mindshare that maybe people are selling [the broader market] to make a bigger position in Nvidia." The Club shares similar sentiments to the Wall Street firms — saying a break up is a win for shareholders. 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 .

Persons: Jim Cramer, Jim, shouldn't, DuPont's, Ed Breen's, Jim Cramer's, DOV, NVDA Organizations: CNBC, Nasdaq, Nvidia, Dow Jones Industrial, Apple, China Academy of Information, Communications Technology, UBS, Citi, DuPont, BMO Capital, Wells, Wells Fargo Securities, Wall Street Locations: China, Wells Fargo, Dover

☆ ‘How do I live?’ A 10-year-old Ukrainian orphan recalls the brutal destruction of his family
▼ + stars: | 2024-05-27 | by ( Nick Paton Walsh | Mick Krever | ) edition.cnn.com time to read: +6 min

“Mom was saying, ‘Kolya, Kolya.’ I shouted, ‘Mom, I’m alive.’”He said he frantically scraped the dust from his face and eyes. And I was shouting, ‘Mother, mother, it’s just a dream, a horrible dream.’” Mykola had a similar nightmare days earlier, and felt it might be recurring. Hours earlier, the family had a barbecue, and Mykola senior drank one beer too many and talked passionately about enlisting. In the pitch black, his son clambered outside, the front of their comfortable family home beyond recognition, its gates torn clean away. Video Ad Feedback CNN witnesses Ukrainian soldiers being treated after blast hits dugout 02:04 - Source: CNNThey were quickly tended to.

Persons: Eastern Ukraine CNN — Mykola, Larisa, Mykola Glushko, “, ”, ‘, ’, it’s, ’ ” Mykola, Mykola, clambered, Mick Krever, CNN Mykola, gurney, Ivan Organizations: Eastern, Eastern Ukraine CNN, CNN, Russian, quicken, 93rd Locations: Eastern Ukraine, Pokrovsk, Ukraine, Workers, Moscow, Kharkiv, –, Bakhmut, Russia

☆ A sold-out tiny home community in Florida is expanding into rentals. Be ready to pay $1,350 a month for 320 square feet.
▼ + stars: | 2024-05-26 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Tiny-home builder Escape Homes runs a popular neighborhood of its units near Tampa, Florida. Escape is expanding its tiny home community with six fully furnished rentals, each for $1,350 a month. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf you can't imagine living in a tiny home, Escape Homes could point you to about two dozen other people who would disagree. Along with manufacturing tiny houses, Escape operates a community of its own teeny dwellings near Tampa Bay, Florida.

Persons: —, they've Organizations: Escape Homes, Service Locations: Tampa , Florida, Tampa Bay , Florida

☆ Tennis has a hot summer coming, fueled by Zendaya, ‘Challengers’ and luxury sponsors
▼ + stars: | 2024-05-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +11 min

Elsa/Getty Images“We say no a lot,” admits Evan Zeder, director of global sports marketing for New Balance’s tennis and baseball units. Lacoste, the French luxury brand, was born with tennis in mind since its start in 1933. Lacoste’s polo shirts have become a major part of the “tennis aesthetic,” or the luxury athleticism #tenniscore trending on social media. Alcohol brands trying to crack the US market see the growing popularity of tennis as an opportunity to introduce themselves to drinkers. Dobel became the US Open’s official tequila sponsor last year, bringing alongs its Ace Paloma cocktail that it sells at other tennis tournaments it sponsors.

Persons: New York CNN — It’s, ”, Louis Vuitton, Loewe, Serena Williams, they’re, Bob Lynch, ” Lynch, Roger Federer, Anne Hathaway, Roland Garros, Rafael Nadal, Christophe Petit Tesson, Novak Djokovic, Williams, Naomi Osaka, Carlos Alcaraz, Iga Świątek, Coco Gauff, “, outfitter, Gauff, she’s, Aryna, Elsa, Evan Zeder, Tommy Paul, it’s “, Lacoste, René Lacoste, “ Lacoste, Catherine Spindler, Djokovic, Daniil Medvedev, ” Novak Djokovic, Mike Stobe, ” Zendaya, ” Spindler, Maestro Dobel, Dobel, Paloma, Lander Otegui, Otegui, ” Otegui, Charlize Theron, Arthur Ashe, Katie Holmes, “ It’s, it’s Organizations: New, New York CNN, luxe, Vogue, ESPN, ABC, Tennis, United States Tennis Association, Brands, MLB, MLS, NBA, Tennis Channel, Netflix, CNN, YouTube, That’s, Wimbledon, Microsoft, Nike, Adidas, Lacoste, Australian, US, USTA Locations: New York, “, Swiss, Paris, Poland, Australia, London, Chambord, Mexico, Miami, Indian Wells, Cincinnati

☆ Off-price retailers like TJX and Ross won't be slowing down any time soon — here's why
▼ + stars: | 2024-05-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Mario Anzuoni | ReutersOff-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it's not just because consumers are under pressure and hunting for value. TJX and Ross both reported fiscal first quarter earnings last week that came in better than Wall Street expected, even as both companies lapped outsize growth from the prior-year period. Ross, which runs Ross Dress for Less and dd's Discounts, posted an 8% jump in sales, bringing revenue to $4.86 billion, compared to estimates of $4.83 billion, according to LSEG. "That's because they're providing consistent value to the consumer – and that's branded consistent value to the consumer at a discount price," said Roach. The dynamic is a bit different at Ross, which has more exposure to the lower- and middle-income consumer than TJX does and competes more on price, said Siegel.

Persons: Mario Anzuoni, Ross, it's, TJ Maxx, they've, Jessica Ramirez, Jane Hali, TJX, they'd, They've, Goldman Sachs, Brooke Roach, John Klinger, Michael Hartshorn, Roach, Simeon Siegel, Siegel, Ernie Herrman Organizations: Maxx, Reuters, TJX, Associates, Wall, Marshalls, CNBC, Walmart, BMO Capital Markets, Brands Locations: Pasadena , California, Homegoods, Ross

Kyiv CNN —The air at the Ukrainian military recruitment office where a 30-year-old hairdresser is being interviewed is filled with anxiety. “The time has come,” he told CNN. “The desire to fight the enemy is very important, in addition to training, equipment and preparedness,” he told CNN. If shelling starts on the frontline, I think I will be confused and will only create problems for others,” he told CNN. Andrii Demchenko, the spokesperson for the Border Guard Service of Ukraine, told CNN his officers detain people trying to cross out of Ukraine on daily basis.

Persons: –, ”, baring, Yurii Sodol, Yaroslav Galas, Daria Tarasova, Volodymyr Zelensky’s, Ukrainian Armed Forces Oleksandr Syrskyi, Dmytro Kulibaba, Galas, “, Diego Herrera Carcedo, I’m, Ukraine doesn’t, ‘, ’, ” Galas, Andrii Demchenko Organizations: CNN, Da Vinci, Joint Forces, 128th Mountain Assault Brigade, People, Ukrainian Armed Forces, 114th Territorial Defense Brigade, Armed Forces, Getty, Border Guard Service of, Border Service Locations: Kyiv, Ukraine, Russian, Russia, Ukrainian, Avdiivka, Kreminna, Anadolu, Robotyno, Belarus, Donetsk Oblast, Europe, Border Guard Service of Ukraine, Romania, Hungary

☆ How I negotiated to lower my monthly rent in a tight housing market
▼ + stars: | 2024-05-25 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Conventional wisdom says you're more likely to be able to negotiate lower rent if there are plenty of local vacancies or when your rental is going for an above-market rate. As rental unit owners ourselves, we know how challenging it an be to find reliable tenants who will care for your property the way you would yourself. We'd like to continue being those renants for you, and respectfully request that you consider a renewable 6-month lease term at the current rate of $3,550 per month, or a 1-year lease term at a rate of $3,450. AdvertisementBe creative with your asks — and flexible with your expectationsPart of our initial ask included a variation on the lease term (6 months instead of a year), showing our landlords we were open to options other than a standard 1-year lease.

Persons: Zillow, it'd, we'll, We've Organizations: Service Locations: Santa Barbara , California, Airbnb

☆ US sending military aid to Ukraine to help repel Russian attacks on Kharkiv
▼ + stars: | 2024-05-24 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +3 min

CNN —The United States is sending $275 million in military assistance to Ukraine as part of “efforts to help Ukraine repel Russia’s assault near Kharkiv,” Secretary of State Antony Blinken announced Friday. “We will move this new assistance as quickly as possible so the Ukrainian military can use it to defend their territory and protect the Ukrainian people,” Blinken said in a statement. Russian forces have advanced toward Kharkiv, Ukraine’s second-largest city, after launching a surprise cross-border assault in mid-May. “We’re committed to making sure that Ukraine has the equipment it needs to succeed on the battlefield.”However, the US has continued to say its weapons cannot be used by Ukraine to strike Russian targets on Russian territory. “We have not encouraged or enabled strikes outside of Ukraine,” Blinken reiterated last week.

Persons: Antony Blinken, ” Blinken, Volodymyr Zelensky, ” Zelensky, Blinken, Dmytro Kuleba, “ We’re Organizations: CNN, ”, Kharkiv, High Mobility Artillery Rocket Systems, Ukrainian, US Locations: United States, Ukraine, Kharkiv, “, Ukrainian, ”, Ukraine’s, Lyptsi

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