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MEXICO CITY (AP) — Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and to wall off TV streaming to avoid stifling competition. The COFECE order also covers the biggest Latin American online retailer, the Uruguay-based firm Mercado Libre. The commission said it had laid out corrective measures that would include prohibiting Amazon from promoting its TV streaming service as an incentive for consumers to buy Amazon Prime memberships. The COFECE also ordered Amazon not to take the “logistics” method — the manner of delivering purchases — into account in determining the order or prominence of search results. Online sellers have complained in the past that Amazon Prime forces vendors to use the company's own delivery services.

Persons: Mercado Organizations: MEXICO CITY, Amazon, Mercado Libre, Mexico’s Federal, Economic, U.S . Federal Trade Commission Locations: MEXICO, Mexico, Uruguay, Seattle

BANGKOK (AP) — Two years after Thailand made pot legal, the country appears set to crack down on its freewheeling drug market with a ban on “recreational” use. The Health Minister Chonlanan Srikaew said last week that he had recommended a draft bill to the Cabinet that would ban recreational cannabis use while allowing medical. The party’s stronghold is in the poor Northeast, where it promised farmers cannabis would be a new cash crop. Anutin had promised that cannabis would be allowed only for medical use, but in practice the market was nearly unregulated. But, she said, widespread recreational cannabis has created social problems such as youth drug abuse.

Persons: Chonlanan Srikaew, Anutin Charnvirakul, Anutin, Bhumjaithai —, Kalyapat, Kitty ” Chopaka, ” Rattapon Sanrak, Thailand’s, “ Sellers …, ” Organizations: Health, Bhumjaithai Party, Narcotics, Health Ministry, Party, ” Cannabis Locations: BANGKOK, Thailand, Asia, Bangkok

☆ Young homebuyers are about to regain serious leverage over their parents' generation, according to the 'Oracle of Wall Street' who called the financial crisis
▼ + stars: | 2024-02-13 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

“People have not accessed the equity in their homes,” Whitney said. Advertisement“The issue that it leads to is more sellers, fewer buyers,” Whitney said. “I think you’re going to see a bifurcated housing market where you see continued strength in some areas, and then disproportionate weakness in others,” Whitney said. AdvertisementThe obvious question that follows is which real estate markets will be best for buyers and which will favor sellers. In October, Whitney cited Connecticut, Illinois, New Jersey, and Pennsylvania as examples of states where property prices could plummet , especially in rural areas.

Persons: —, Meredith Whitney, Whitney, ” Whitney, Meredith, “ It’s, they’ve, haven’t, “, Whitney isn’t, it’s Organizations: Service, Wall Street, Business, Wall, Advisory Group, Sun Belt Locations: Texas, Florida, Connecticut, Illinois , New Jersey, Pennsylvania, New York, Ohio, States, Tennessee, Utah, Arizona, West Coast

☆ Temu is trying to win over America. Good luck.
▼ + stars: | 2024-02-13 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

During the game’s commercial breaks, Temu managed to grab several 30-second ad slots estimated to cost $7 million each . Temu is spreading across AmericaSigns so far suggest US consumers are buying the Temu hype. AdvertisementResults published this month from a survey of around 600 consumers, carried out by investment bank Jefferies, found that almost one in three, or 31%, had used Temu. Temu lacks US-based apparel brands, the bank said, making online window shopping on the site less appealing to Americans, for now. That said, Temu looks ready to put its all into America.

Persons: —, Taylor, Travis Kelce, didn’t, Temu, Shein, Jefferies, TikTok Organizations: Service, Super, Business, Bernstein Research, Bowl, Jefferies, Amazon, Bloomberg Locations: Tokyo, China, America, Europe, Beijing

☆ Sweet & Sour: Here’s why Valentine’s Day candy is so expensive
▼ + stars: | 2024-02-13 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +4 min

For example, she said a Valentine’s Day-themed heart-shaped box of Sour Patch Kids candy (3.45 oz) was listed on Walmart.com for $3.96 ($1.15 oz), while a regular box of the candy (3.5 oz) costs $1.24 ($0.35/oz). Walmart said it was looking into the price differences, but said some of the Valentine’s Day candy items on its website are listed by third-party sellers on Walmart marketplace. A Walmart supercenter in New Jersey visted by CNN also had the heart-shaped Sour Patch Kids candy box for $3.96 on the shelf. Some Sour Patch Kids Valentine's Day editions cost much more than the regular versions of the candy for roughly the same quantity. “Buy the candy after Valentine’s Day when it’s heavily discounted or buy the regular cheaper version of the candy and package it yourself,” he said.

Persons: don’t, Jolly, Veronica Fletcher, Fletcher, Goldbears, ”, Edgar Dworsky, “, John Talbott, ” Talbott, it’s Organizations: New, New York CNN, Walmart, Bears, CNN, New Jersey visted, CVS, Center for Education, Research, Indiana University’s Kelley School of Business Locations: New York, New York City, New Jersey, Massachusetts, Retail

☆ ‘Izzard Hamlet New York’ Review: A Solo Show That’s More Noble Than Wise
▼ + stars: | 2024-02-13 | by ( Jason Zinoman | ) www.nytimes.com time to read: +1 min

Or at least one you may consider early in Eddie Izzard’s “Hamlet,” in which the comic portrays all the roles herself. Strangelove.” And solo sword fights have possibilities that a brilliant comedian like Izzard might exploit. A wildly witty ad-libber, Izzard can make two-hour monologues feel like a stream-of-conscious eruption. If you don’t know “Hamlet,” there is no chance you are going to follow the play within a play. If you do, you might wonder why Izzard doesn’t spend more time playing the characters watching, not talking.

Persons: Eddie Izzard’s “, Peter, Dr, Strangelove, ”, Izzard, Selina Cadell, Rosencrantz, Guildenstern, Tom Piper Locations: ”

☆ Despite weeks of gains, Cramer doesn't see a market-wide decline soon
▼ + stars: | 2024-02-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday said he doesn't see a market decline coming soon. After weeks of huge gains for the major indexes, Cramer said this momentum may last longer than some think, and sellers aren't eager to get out just yet. "Without huge chunks of selling, we aren't gonna have that decline," he said. To Cramer, Nvidia stock has hit levels higher than many may have thought possible. "Who wants to walk away from a hot hand, a hot table, a hot dealer and go buy that cashmere sweater I always talk about?"

Persons: CNBC's Jim Cramer, Cramer, haven't, Airbnb, he's Organizations: Nvidia

☆ Without huge chunks of sellers we won't see a big decline anytime soon, says Jim Cramer
▼ + stars: | 2024-02-12 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWithout huge chunks of sellers we won't see a big decline anytime soon, says Jim Cramer'Mad Money' host Jim Cramer takes a look at the bull market run and what could derail it or keep it going.

Persons: Jim Cramer

☆ How T.J. Maxx's polarizing food aisle lures shoppers into spending more
▼ + stars: | 2024-02-11 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Some shoppers are skeptical about T.J. Maxx's food aisle and whether the products are good quality. AdvertisementThe internet doesn't know what to make of T.J. Maxx's food aisle. T.J. Maxx sources from vendors you've probably never heard ofGo to your local T.J. Maxx and chances are you'll find an aisle lined with pink Himalayan salt grinders, bottles of coffee syrup, and boxes of gourmet chocolates. Maxx's food is an "unplanned extra" that catches her eye on the way to the checkouts, she said. Maxx's food is an "unplanned extra" that catches her eye on the way to the checkouts.

Persons: Maxx, —, TikTok, It's, Grace Dean, Aneesha Sherman, Bernstein, Sherman, Fiona Fitzpatrick, Fitzpatrick, T.K, they've, Maxx doesn't, you've Organizations: Service, Maxx, Business Locations: Maxx, Spain, British

☆ Spring homebuying and selling season just kicked off. Are you ready?
▼ + stars: | 2024-02-11 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

So if you’re planning to be in the market this year, here’s what to expect this spring — and how to be ready to pounce. Don’t wait for better prices or ratesLast year was the least affordable housing market since the 1980’s as mortgage rates spiked to 23-year highs at the end of October. But a slightly brighter season is dawning this spring. This spring is offering a bit of rate and price stability said Betty Jans, an Annapolis, Maryland-based real estate agent. “If you wait, and all of the sudden we have a little dip in rates, you’re going to be competing with everyone else that wants to buy then, too,” Jans said.

Persons: it’s, Fannie Mae, Betty Jans, Tiffany Hagler, homebuyers, ”, Jans, Berkshire Hathaway, PenFed, ” Jans, “, Mike Mravca, Mravca, ” Mravca, “ I’ve, Hillary Nash, Nash, “ It’s, you’re Organizations: Washington CNN, NFL, Super, Geard, Bloomberg, Getty, Berkshire, Taylor Properties, NAR, District of Columbia, of Housing, Urban Development, National Housing Conference Locations: Annapolis , Maryland, Larchmont , New York, Virginia , Maryland, Delaware, Washington, Washington , DC, Maryland, Virginia

Fed officials have indicated they may cut rates at least three times this year, which should allow mortgage rates to decrease. Though mortgage rates aren't directly impacted by the Fed, investor expectations of how Fed changes will impact the overall economy can push mortgage rates up or down. Hopeful homebuyers waiting for lower rates may finally have some luck this summer — though those who wait until next year will likely see even lower rates. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Federal Reserve, Fed, Zillow, Mortgage, Association, Sky Locations: Chevron

(AP) — Jaz Shelley's 3-pointer with 30 seconds left gave Nebraska its first lead as the Cornhuskers rallied from a 14-point fourth-quarter deficit to beat No. Clark scored 31 points but missed her final six shots, including one just before the buzzer. Photos You Should See View All 21 ImagesHannah Steulke's layup with 9:22 left gave Iowa (22-3, 11-2) its biggest lead, at 71-57. Clark's 3-point try nicked off the front of the rim before Shelley made two free throws with 18.1 seconds left. Shelley made three 3-pointers, including two straight late in the second quarter to keep Iowa from pulling away.

Persons: LINCOLN, — Jaz Shelley's, Caitlin Clark, Clark, Kelsey Plum's, Hannah, Shelley, Steulke, Kate Martin, ___ Organizations: Nebraska, Cornhuskers, Pinnacle Bank, NCAA, Iowa, Huskers, Hawkeyes, Big, Ohio State, NEXT Nebraska, Michigan, AP, womens Locations: Neb, Iowa, . Nebraska, Washington, Nebraska, tipoff . Nebraska, . Iowa

☆ Spring home buying season is near. Real estate pros say this year's rush could push prices up 5% after a weak 2023.
▼ + stars: | 2024-02-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The housing market will see a stronger, prolonged spring homebuying rush this year, real estate pros say. Buyers and sellers are slowly wading back into the market as mortgage rates edge lower. That's not what economists had originally expected for the housing market this year. "Until we see mortgage rates really improve, we don't expect owners to come back very, very quickly." Affordability conditions have been steadily improving after a bad year for the housing market.

Persons: —, Redfin, Daryl Fairweather, Fairweather, Skylar Olsen, Olsen, Zillow, " Fairweather, Freddie Mac, That's, –, aren't Organizations: Service, National Association of Realtors Locations: Zillow

☆ Zyn confirms that business is booming in the US
▼ + stars: | 2024-02-09 | by ( Sarah Jackson | ) 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. This story is available exclusively to Business Insider subscribers. While shipments to retailers and distributors can outpace actual consumer sales of the pouches, those year-over-year growth numbers indicate that Zyn sales are booming in the US. A spokesperson for Philip Morris International told Business Insider that "the best thing anyone worried about their health can do is to quit, or never start, using nicotine. "ZYN is marketed exclusively to current adult nicotine consumers as an alternative — with cigarettes being the most harmful nicotine product," the spokesperson added.

Persons: —, Philip Morris, Zyn, It's, Chuck Schumer Organizations: Service, Philip Morris International, Swedish, Business, GOP, PMI

☆ Her Son Vanished After a 1980 Run-In With Police. She Wants Answers.
▼ + stars: | 2024-02-08 | by ( Shaila Dewan | Madeleine Hordinski | ) www.nytimes.com time to read: +1 min

She crossed the railroad tracks and scrambled down the banks of the Licking River, calling out the name of her teenage son, Randy, who went to the county fair one night and never came home. Mrs. Cotton, two inches shy of 5 feet tall and unable to swim, would return covered in mud and scratches. Randy Sellers was missing for weeks, then years, then decades. He vanished in 1980, the year before the disappearance of 6-year-old Adam Walsh in Florida would change the way America looked at missing children. Adam’s father, John Walsh, became a household name and a beacon for parents like Mrs. Cotton, who felt alone and ignored by the authorities.

Persons: Wanda Cotton, Randy, Cotton, Randy Sellers, Adam Walsh, Adam’s, John Walsh Locations: Licking, Kenton County, Ky, Florida, America

☆ Short sellers increasing their bets against regional banks amid NYCB's woes
▼ + stars: | 2024-02-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

New York Community Bank 's ongoing struggles have increased investors' anxiety around the regional bank sector. Official short-selling data from the exchanges that would encompass the latest regional bank fallout has not yet been released. The short crowding on NYCB shares surged to 70% in the week ended Feb. 2, up from 45% the prior week. S & T Bancorp 's short crowding score has jumped to 83% in the week ended Feb. 2, which marks a 37% increase from the prior week. and CrossFirst Bankshares ' short crowding scores have risen 30% each to 69% and 71%, respectively.

Persons: Hong Li, Li, Simmons, CrossFirst, Norman Lowery, —, Michael Bloom Organizations: York Community Bank, Citi Research, Citi, T, P Global, T Bancorp, LSEG, Financial Corp, CrossFirst, Financial, CFB Locations: Midwest, CFB YTD

☆ Ro, the $7 billion healthcare startup, has a high-stakes strategy to take off-brand Ozempic mainstream
▼ + stars: | 2024-02-07 | by ( ) www.businessinsider.com time to read: +11 min

The $7 billion healthcare startup Ro, which has been prescribing brand-name weight-loss shots since January 2023, now offers compounded semaglutide to patients enrolled in its weight-management program. Nonetheless, Ro is the first prominent healthcare company to effectively endorse compounded semaglutide by prescribing it. A poor-quality compounded drug might simply be a dud and a waste of money. But while compounding pharmacies are subject to FDA and state regulations, states are the main regulators, and their oversight is patchy. Michael Siluk/UCG/Universal Images Group via Getty ImagesIt's hard to know if any given vial of compounded semaglutide is safe.

Persons: Wegovy's, Ro, drugmakers, Eli Lilly's, Eli Lilly's Mounjaro, Scott Gottlieb, Michael Siluk, That's, they've, Ozempic, Eli Lilly, Eric Kastango, they're, Kastango, aren't, Al Carter, Sarah Jones Simmer, Spencer Nadolsky, WeightWatchers, Tim Church, Wondr, it's, hasn't Organizations: Business, Novo Nordisk's Wegovy, US Food and Drug Administration, FDA, Novo Nordisk's Ozempic, Getty, Novo Nordisk, USP, National Association of, Pharmacy, Health Locations: Novo, Massachusetts, Austria, New York City

☆ Cramer says Palo Alto is a buy, plus what we want from Disney and Wynn earnings
▼ + stars: | 2024-02-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Jim Cramer said he sees two reasons for the turnaround: "First off, the positive results from its NASH study are bigger than we think. 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. A liquid hydrogen tanker truck taking a fuel delivery at the Linde hydrogen plant in Leuna, Germany, on Tuesday, July 14, 2020.

Persons: Jim Cramer, let's, Eli Lilly, NASH, Amgen, Lilly, Linde, We've, Cramer, DuPont, Estee Lauder, Jim Cramer's, Jim, Rolf Schulten Organizations: CNBC, Nasdaq, Air Products, DuPont, Tech, Alto Networks, Disney, Wynn Resorts, Fox, Warner Bros, Netflix, PayPal, Arm Holdings, Jim Cramer's Charitable, Linde, Bloomberg, Getty Locations: We're, U.S, cybersecurity, Macao, Vegas, Leuna, Germany

☆ Cramer explains why the market isn't seeing so many sellers
▼ + stars: | 2024-02-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday suggested that sellers have been conspicuously absent on Wall Street, even as the market faces economic trends may have brought them out in years past. "Last year, we would've had sellers coming out of the woodwork," he said. "Now, though, I think the short-sellers have been obliterated, and almost everyone who wants to sell seems to have already gotten out. Cramer added that the artificial intelligence craze has not played out as many on Wall Street thought it would. "I know Big Tech was down today, but I think they're just taking a breather after an unsustainably parabolic move."

Persons: CNBC's Jim Cramer, would've, Cramer, he's Organizations: Computer, Nvidia, Enterprise, Big Tech

☆ Housing is up despite a doubling in mortgage rates, that's not supposed to happen, says Jim Cramer
▼ + stars: | 2024-02-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing is up despite a doubling in mortgage rates, that's not supposed to happen, says Jim Cramer'Mad Money' host Jim Cramer talks why there are fewer sellers in the market, even in sectors that should be down.

Persons: that's, Jim Cramer Organizations: Housing

HARTFORD, Conn. (AP) — Marijuana retailers in Connecticut say a dearth of licensed growers in the state’s fledgling legal pot industry has left them with a shortage of product to sell. The supply problem has appeared after slow retail growth in neighboring New York last year left growers there struggling with the opposite: an excess of supply. So each state that legalizes marijuana is left with its own process for licensing growers and sellers, and trying to create a balance between the two within state borders. When recreational sales became legal in Connecticut in January 2023, he said, there were seven dispensaries in the state and four producers. New York belatedly hastened the pace of retail openings, and the state listed 61 adult-use dispensaries open statewide Monday.

Persons: Benjamin Zachs, Fine, ” Zachs, ”, Kaitlyn Krasselt, Gail Hepworth, “ It’s, Brittany Carbone, Zachs, “, he's, ___ Organizations: —, Connecticut Department of Consumer Protection, Retailers, New, Farmers, Hepworth, Tricolla, Cannabis Association of New Locations: HARTFORD, Conn, Connecticut, New York, we're, ” New York, Hudson, Cannabis Association of New York, Altamont, N.Y

Over the last several years, such upstart consumer brands have been gaining market share in China and South Korea, according to a report from Bain and Company released Monday. China and South Korea stood out as markets where insurgent brands were doing particularly well. In South Korea, incumbent brands dominated just four sectors — fragrances, confectionery, diapers and bottled water, the report showed. High penetration of e-commerce in Indonesia (26%) and Singapore (13%) also gave insurgent brands a boost. Incumbent brands still hot

Persons: David Zehner, Bain, Zehner, There's, It's Organizations: Future Publishing, Bain and Company, Bain, CNBC Locations: Qingzhou city, East China's Shandong, Asia, China, South Korea, Pacific, South, Indonesia, Singapore, Malaysia, Philippines, India, confectionary

Eli Lilly rode soaring demand for diabetes and weight-loss treatments to a better-than-expected finish in 2023, and the drugmaker expects momentum to carry into the new year. Lilly said on Tuesday that revenue could climb as much as 22% this year, as star sellers like the diabetes drug Mounjaro and its new weight-loss counterpart, Zepbound, gain market share. Mounjaro sales jumped 65% to $2.21 billion in the fourth quarter compared with the third quarter. Doctors also prescribe that drug off-label for weight loss, which is one of the hottest areas of pharmaceutical sales. The share price for Indianapolis-based Eli Lilly and Co. has climbed over 400% since the start of the decade.

Persons: Eli Lilly, Lilly, Doctors, David Ricks, “, ”, FactSet, donanemab Organizations: Company, Revenue, Drug Administration, Indianapolis Locations: Mounjaro, North Carolina

☆ DuPont sets a low bar and hops over it — the quarter is a step in the right direction and investors scoop up shares
▼ + stars: | 2024-02-06 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

While the recovery time may vary buy end market, it's important to note that on a consolidated basis, management does believe that the first quarter 2024 will represent the bottom. They expect to see a pickup in sales as we exit the second quarter of 2024. DD 1Y mountain DuPont 1 year Guidance Management's forecast for the current quarter (first quarter of fiscal 2024) was unchanged from what we got on the preannouncement. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Jim Cramer, Jim, Jeff Fusco Organizations: DuPont, Electronics, DuPont's Semiconductor Technologies, Semiconductor Technologies, Industrial Solutions, Protection, Safety Solutions, Solutions, Management, CNBC Locations: China, Wilmington , Delaware

☆ Storms in California hit homeowners already facing an insurance crisis
▼ + stars: | 2024-02-06 | by ( Anna Bahney | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —The storms pummeling California this week hit a part of the US already being battered by a home insurance crisis. With insurers strained by climate change and inflation, many are demanding higher premiums, making it much harder to find affordable (or any) home and fire insurance. But it is not just California; homeowners in other areas prone to weather events like Florida, Louisiana, and Texas are also facing challenges. Meanwhile, in hurricane-battered Florida, Farmers Insurance deemed it too risky to continue insuring homes and pulled out of that market entirely. “This isn’t just climate change, it is climate-change-plus,” Bach said.

Persons: ”, Amy Bach, United, Michael Monaghan, Sellers, you’ve, Jennifer Branchini, Bach, Hurricane Andrew, ” Bach, mitigations Organizations: DC CNN, Allstate, Farmers Insurance, Coldwell, California Association of Realtors, National Oceanic, Atmospheric Administration, Hurricane, FAIR, California Department of Insurance Locations: Washington, California, Florida , Louisiana, Texas, San Francisco, California’s, Golden State, Florida, Vermont, Colorado, Pleasanton, United, “ Florida, Louisiana

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