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SKIP AHEAD How we picked the best travel tech essentials | The best travel tech gadgets on Amazon | Why trust NBC Select? As you consider travel gadgets, it’s important to evaluate their size and weight, especially if you have limited space in your carry-on or suitcase. Convenience : Whether you’re taking a car, plane, train or bus, the best travel tech gadgets provide convenience when you’re on the road, ensuring you’re comfortable and prepared for common travel issues. : Whether you’re taking a car, plane, train or bus, the best travel tech gadgets provide convenience when you’re on the road, ensuring you’re comfortable and prepared for common travel issues. The best travel tech gadgets on AmazonUsing the guidance of travel experts, I sorted through hundreds of popular travel tech gadgets on Amazon.

Persons: Tom Marchant, Marchant, ”, you’re, it’s, You’ll, Anker PowerCore, there’s, trimmer, TikTok Organizations: NBC, Fyy, Tile Network, Apple, AAA, Apple Watch, Bluetooth, AA, Facebook, Twitter

☆ ‘The Disneyland of American grocery stores’: How Trader Joe’s became a tourist hot spot
▼ + stars: | 2024-11-14 | by ( Lilit Marcus | ) edition.cnn.com time to read: +7 min

But products from Trader Joe’s have become so popular with international tourists that even a major Asian airport is getting involved. “I think that Trader Joe’s is like the Disneyland of American grocery stores,” she says. John Blackmer/MediaNews Group/Orange County Register/Getty ImagesThe first Trader Joe’s opened in Pasadena, part of Los Angeles county, in 1967. According to a 2024 study by Morning Consult, 25% of frequent Trader Joe’s shoppers belong to a household that makes over $100,000 annually. Jeff Greenberg/Universal Images Group/Getty ImagesWhile some American chain stores rely on sameness to satisfy customers, Trader Joe’s has leaned in the other direction.

Persons: CNN —, Joe’s, Julie Averbach, “, Joe Coulombe, John Blackmer, Joe —, ” That’s, Jeff Greenberg, Expedia, Peruvian Maria Silva, ” Silva, Averbach, ”, Joe Raedle, Jose’s, backtrack, TJ’s, Silva Organizations: CNN, Incheon, MediaNews, Orange, Register, Morning, Miami, Universal, Peruvian, eBay, US Locations: South Korea, United States, California, Huntington Beach , California, Pasadena, Los Angeles, Seattle, San Francisco, North Carolina, New York, China

☆ Buy these 14 stocks set to benefit most from the surge in year-end holiday spending: Morgan Stanley
▼ + stars: | 2024-11-14 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are 14 companies that will benefit from the upswing, according to Morgan Stanley. Advertisement"This holiday season is likely to see stronger spending than last," Morgan Stanley strategists led by Michelle Weaver wrote in a November 13 note, citing sentiment from her firm's economists. Morgan StanleyHowever, that's not to say that all companies will equally enjoy that surge in holiday spending. AdvertisementIn the note, Weaver and her team outlined 16 companies with significant exposure to holiday spending, though only 14 of those stocks have bullish ratings from Morgan Stanley analysts. Each is accompanied by its ticker, market capitalization, price-to-earnings (P/E) ratio, industry, and commentary about that industry from Morgan Stanley.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley Holiday, Rich, Weaver, they'd, Morgan, haven't, that's Organizations: National Retail Federation, Black

Delta Air Lines allows buyers to personalize gift cards with photos and is shipping gift cards for free through Dec. 13. Royal Caribbean sells gift cards that can be redeemed for a cruise booking, but not pre-cruise purchases such as shore excursions, beverage packages and internet. Intrepid Travel, which specializes in sustainable tours for small groups, lets gift buyers purchase specific tours for another person. Other websites offer gift cards that aren't tied to specific brands, but reviews are mixed on some of those companies. For example, Finnair gift cards expire in one year, while Airbnb gift cards aren't available in every region.

Persons: Zs, millennials, Reddit, Rick Steves, Hilton Organizations: American Airlines, Delta Air Lines, Marriott, Royal, Intrepid Locations: Italy, Rick Steves Italy, Lyft, Royal Caribbean, U.S

☆ Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high
▼ + stars: | 2024-11-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Analysts responded positively to the news, pointing to a potential "turning point" for the embattled brand. The plans were delivered alongside Burberry's 2024 interim results, which saw sales fall 20% for the second consecutive quarter. A 'turning point' for embattled BurberryThe underperformance comes amid a wider slowdown in the luxury sector, with the personal luxury goods market set to contract 2% this year. Mamta Valechha, consumer discretionary analyst at Quilter Cheviot, described it as a "turning point in what has been a very difficult period." Pedestrians walk past the window display of the store of British fashion label Burberry, in central London, on September 2, 2024.

Persons: Kevin Lee, Schulman, Joshua Schulman, Michael Kors, Burberry, Burberry Schulman, Burberry's, Piral Dadhania, Dadhania, Mamta, Cheviot, Henry Nicholls Organizations: Getty, Burberry, RBC Capital Markets, Afp Locations: Shanghai, London

☆ The new Google Maps update is perfect for last-minute shoppers
▼ + stars: | 2024-11-14 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Google Maps launched updates to help last-minute shoppers avoid the lines and find nearby products. AdvertisementIf you're a last-minute shopper, Google Maps has you covered this holiday season. Related storiesThe feature adds in-store inventory information from retailers and highlights it on the Google Maps app. Google Maps also added an update for EVs that allows drivers to plan trips on the phone and send routes with charging stops to their vehicle's Google app. The new Google Maps updates come just a couple of weeks after the platform got an AI overhaul with integrated Gemini features.

Persons: — Organizations: Google, EV, Service

☆ Amazon debuts discount store with everything under $20 to take on Temu and Shein
▼ + stars: | 2024-11-13 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20, to fend off growing competition from discount upstarts Temu and Shein. Called "Amazon Haul," the storefront is accessible through the company's mobile app, and promises "crazy low prices" on a plethora of goods. CNBC previously reported that Amazon planned to launch its own discount webstore with goods shipped directly from China. With Amazon Haul, the company is responding to the rise of Temu, Shein and TikTok Shop, which all have ties to China, the world's second-largest economy. Amazon is able to offer low prices through its Haul storefront by importing each item directly from manufacturers in China, similar to how Temu's and Shein's business models operate.

Persons: Dharmesh Mehta, it's Organizations: Shoppers, Amazon, CNBC Locations: China, U.S

☆ Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
▼ + stars: | 2024-11-13 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Lauren Decicca | Getty Images News | Getty ImagesThe personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis this year, as macroeconomic uncertainty and a pronounced slowdown in China weigh on consumer spending, according to the Bain & Company's annual luxury report . This is the first slowdown in demand for personal luxury goods — which include clothing, bags, jewelry and cosmetics — in 15 years, excluding the Covid-19 lockdown period, according to the Wednesday findings. It noted that overall luxury spending is forecast to remain flat year-on-year in 2024 at around 1.5 trillion euros ($1.59 billion), even as segments including autos, travel and fine wine record modest growth. Luxury demand in Europe and the U.S. has shown signs of gradual improvement quarter-on-quarter this year, with Japan leading the way due to favorable currency exchange rates. As such, the report forecast the sector will grow slightly next year, barring any major economic headwinds.

Persons: Patek Philippe, Lauren Decicca, Kering, Cartier, Richemont, Bain Organizations: Dolce, Gabbana, Tiffany, Getty, Bain, LVMH, Burberry, Gucci, Bain & Company, U.S Locations: Siam, Bangkok, Thailand, China, Europe, Japan

☆ Everything is under $20 at Amazon’s newest store
▼ + stars: | 2024-11-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Amazon is targeting retail rivals Shein, Temu and TikTok Shop with a new deeply discounted storefront that sells a wide array of products for $20 or less. Called “Amazon Haul,” the mobile-only experience debuted Wednesday in the Amazon app and has everything from fashion accessories to home goods, plus clothes and electronics. Amazon said in an announcement that a “majority” of the Haul items are under $10, with some even less than $1. However, the cheap prices come with a caveat that items can take one to two weeks to be delivered. Also, the store only accepts returns on items that are $3 or more.

Persons: Neil Saunders, ”, ” Saunders, it’s Organizations: New, New York CNN, Shein, CNN, Amazon, Consumer Product Safety Locations: New York, United States, GlobalData

☆ Singles’ Day shopping festival loses its shine under China’s lagging economy
▼ + stars: | 2024-11-12 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

HONG KONG — Businesses and consumers in China found the annual Singles’ Day shopping festival less attractive this year due to a sluggish economy, forcing e-commerce firms to look abroad for growth. While Singles’ Day was previously a one-day event, shopping platforms in China now kickstart the festival weeks ahead to drum up sales volume. But amid China’s lagging domestic economy, dragged down by a real estate crisis and deflationary pressures, consumers no longer go all out during the shopping extravaganza. Wang said that the prices offered on e-commerce platforms during Singles’ Day are not necessarily cheaper than usual. “I used to buy a lot two or three years ago and I even purchased a mobile phone (during Singles’ Day),” he said.

Persons: Alibaba, ”, —, “, Wang Haihua, Wang, we’ve, Zhang Jiewei, ” Zhang, Shaun Rein, ” Rein, Gucci, Jacob Cooke, ” Cooke Organizations: HONG KONG —, China Market Research Group Locations: HONG KONG, China, Singapore, Hong Kong, Beijing, Xi’an, Shanghai, “

☆ China's biggest shopping event of the year exceeds low expectations
▼ + stars: | 2024-11-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's Singles' Day shopping festival saw consumers spend more than expected in what has otherwise been a tepid retail environment, consulting executives told CNBC. "I do think for many brands it probably will have turned out a bit better than they thought, but on a low level. Probably nobody would say we hit it out of the ballpark," said Chris Reitermann, CEO of Ogilvy APAC and Greater China. Many multinational corporations that sell consumer products in China are more cautious on the market, if not struggling, Reitermann said. But he pointed out many of the companies are still "very profitable" in the country, even if their growth has slowed to the low single digits, instead of high double digits.

Persons: Major, Chris Reitermann, Ogilvy APAC, Reitermann, Alibaba, JD.com Organizations: BEIJING, CNBC, WPP China Locations: Greater China, China, GMV

☆ Trump's win may put this popular student loan forgiveness program at risk
▼ + stars: | 2024-11-12 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

10'000 Hours | Digitalvision | Getty ImagesCurrent borrowers should remain entitled to reliefWhile the program remains in effect, borrowers are entitled to the relief, said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit. "PSLF is written into federal law, by a Republican president, and it would take an act of Congress to eliminate it." That means current borrowers would still be able to work toward loan forgiveness under the program. "So, worst-case scenario, it would be for loans made on or after the date of such a law enactment," Mayotte said. "Most likely the change would apply only to new borrowers," Kantrowitz said.

Persons: Betsy Mayotte, Mark Kantrowitz, Kantrowitz, Trump Organizations: Getty, The, Student Loan Advisors, Republican, Republicans, Senate, GOP, Finance, CNBC Locations: Mayotte

In fact, some borrowers are still paying off debt from last year's purchases. To that point, 28% of shoppers who used credit cards have not paid off the presents they bought for their loved ones last year, according to a holiday spending report by NerdWallet. However, this is a slight improvement from 2023, when 31% of credit card users had still not paid off their balances from the year before. Although overall credit card balances were 6.9% higher at the end of the third quarter compared to a year earlier, that's a significant improvement from the 15% year-over-year jump from Q3 2022 to Q3 2023, TransUnion found. Recent wage gains have also played a role, according to Paul Siegfried, TransUnion's senior vice president and credit card business leader.

Persons: TransUnion, Michele Raneri, Paul Siegfried, TransUnion's Organizations: Finance, TransUnion

☆ Home Depot’s sales are improving, but it says consumers are still cautious about spending
▼ + stars: | 2024-11-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

It previously expected total sales to rise by between 2.5% and 3.5% for the year. Home Depot customers have continued to put off projects, even though they're in good financial shape, he said. It marked the eighth consecutive quarter of negative comparable sales at Home Depot, though the smallest drop since the string of declines began. Sales related to Hurricanes Helene and Milton contributed about one half a percentage point of sales growth to the quarter. Even as Home Depot reports modest growth, some investors have bet the company will see stronger sales in the near future.

Persons: Richard McPhail, They're, McPhail, Hurricanes Helene, Milton, Donald Trump, We've, Steve Madden, Skelly Organizations: CNBC, LSEG, Revenue, Home, Shoppers, Weather, Home Depot, Hurricanes, Federal Reserve, Depot Locations: Mexico City, Mexico, U.S, Texas, China, North America, Santa Claus

☆ Here's how much more laptops, TVs, and smartphones could cost under Trump's proposed tariffs, consumer group says
▼ + stars: | 2024-11-12 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Americans' favorite tech gadgets could surge in price under Donald Trump's proposed tariffs, per a new report. An October report on consumer technology found laptops, smartphones, and TVs would surge in price. Under Trump's tariffs, the average price of laptops and tablets could skyrocket 45%, jumping an additional $200-$350 from their current prices, the CTA report found. AdvertisementUnder Trump's tariffs, video game consoles, meanwhile, could cost nearly $250 more than they currently do, and monitors could increase by more than $100, the report found. Televisions will see a 9% increase in consumer price, costing an additional $48 on average, according to the CTA report.

Persons: Donald Trump's, —, Trump, Gary Shapiro, International Trade Ed Brzytwa Organizations: Service, Consumer Technology, EVs, Cato Institute, CTA, Reuters, Consumer Technology Association, World, Census Bureau, Global, International Trade Locations: China

SKIP AHEAD Best eco-friendly laundry detergents | How to shop for eco-friendly laundry detergent | Why trust NBC Select? How I picked the best eco-friendly laundry detergentsTo highlight the best eco-friendly laundry detergents, I spoke with cleaning and laundry experts. The best eco-friendly laundry detergentsWith expert guidance in mind, this list includes eco-friendly laundry detergents that meet the EPA’s Safer Choice Standard, earned the EWG Verified mark or both. How to shop for eco-friendly laundry detergentShopping for eco-friendly laundry detergent involves many of the same considerations you’ll want to make when purchasing any type of laundry detergent. Though any ecolabel is a good option, experts primarily recommend looking for the following two when shopping for eco-friendly laundry detergent.

Persons: They’re, Sarah Paiji Yoo, Paiji Yoo, Marilee Nelson, Nelson, Carlyanne Brown, Brown, ”, ecolabels, ecolabel, “, ” It’s, Malin, Cory Fernandez Organizations: NBC, U.S . Environmental Protection Agency, EPA, Dirty, Environmental, Grove, PVA, Facebook, Twitter

☆ Walmart is testing a new way to make it easier to access locked-up items. Here's why that's smart.
▼ + stars: | 2024-11-11 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Walmart is testing tech that lets employees use an app to unlock anti-shoplifting displays. The tech, currently in several hundred stores, could lead to shoppers having access too. 1 in 5 shoppers surveyed said they would buy from another retailer when faced with locked-up merch. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The assumption behind the Freedom Case is that customers who share their personal information in order to access merchandise are unlikely to steal.

Persons: —, Carol Spieckerman, Chris Walton, Spieckerman Organizations: Walmart, Service, Bloomberg, Omni, Kroger, Safeway

Meanwhile, 28% of holiday shoppers still have not paid off the gifts they purchased for their loved ones last year, according to another holiday spending report by NerdWallet . Major retailers tend to heavily discount some of their products as the holiday season unfolds. Heading into the peak holiday shopping season, there are a few steps you can take to help maximize your cash. "Slow shopping encourages consumers to think through each potential purchase rather than jumping on impulse," Woroch said. "This allows you to be mindful about what you're buying, why you're buying and who you're buying for while also giving you time to save up, compare prices and look for coupons," Woroch added.

Persons: they'll, Adam Davis, Davis, Sara Rathner, Sofia Baig, Gen, Andrea Woroch, Woroch Organizations: NerdWallet, National Retail Federation, U.S, Wells, Wells Fargo Retail Finance, Morning Locations: Wells Fargo, Novi , Michigan

☆ Gen Z is reimagining the iconic 70s brand L'eggs
▼ + stars: | 2024-11-09 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

American pantyhose brand L'eggs is staging a comeback. Téllez said L'eggs is modernizing for Gen Z shoppers with partnerships and social media campaigns. AdvertisementMore than half a century after L'eggs became a household name, the American hosiery brand is stepping into a new era. Related Video Why the retail industry has its eye on Gen ZCami Téllez founded Parade before becoming executive creative director for L'eggs. One of the ways L'eggs plans to do that is by engaging Gen Z and Gen Alpha on social media.

Persons: Cami Téllez, Téllez, —, L'eggs, Gen Z, it's, Hanes, L'eggs —, Kim Kardashian's SKIMS, Bill Sweedler, Windsong, we'll, we're Organizations: Service, Business, L'eggs, SEC, Windsong Global, Alpha Locations: L'eggs

☆ Kmart has all but disappeared from the US. But its Australian namesake is booming.
▼ + stars: | 2024-11-09 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +7 min

AdvertisementThe closure of a Kmart store in Bridgehampton, New York, in October marked the end of an era for the iconic chain. Now, just one Kmart store remains in the mainland US, tucked away inside an At Home store in southwest Miami. "We see this in things such as Kmart hacks," where creators showcase how they use Kmart products in novel ways to help in their everyday lives, Lloyd-Wallis said. A race to the bottomSo far, Kmart Australia has weathered the e-commerce storm, in part thanks to the geographical challenges companies like Amazon face in Australia. It seems, then, that Kmart Australia could find itself in a price race to the bottom.

Persons: —, Gary Mortimer, Mortimer, They've, Ian Bailey, it's, Bailey, we've, Anastasia Lloyd, Wallis, news.com.au, Roy Morgan, Laura Demasi, Roy Morgan's Organizations: Kmart, Service, Walmart, Target, Kmart Group, Queensland University of Technology, National Retail Federation, Kmart Australia, Getty, Retail Doctor Group, Lloyd, Amazon Australia Locations: Australia, Bridgehampton , New York, Miami, Australian, Melbourne, New Zealand, Target Australia, Canada, Singapore, Philippines, Sydney, Kmart Australia

☆ Hong Kong: Why Russians with wads of cash flock to Apple stores in this Asian hub
▼ + stars: | 2024-11-09 | by ( Chris Lau | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —When the new iPhone 16 went on sale, locals couldn’t help but notice some less familiar faces flocking to Hong Kong’s Apple stores: Russians holding piles of cash. “We want to buy as many as possible,” one Russian buyer, Nick Alexenkov, told CNN outside the Apple store in Tsim Sha Tsui, a busy shopping district in Hong Kong. Alexenkov, the iPhone purchaser in Hong Kong, said he expected to turn a profit of up to 25% for each phone despite offering to pay 12% above the retail price to acquire those phones in Hong Kong. A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. A man from Hong Kong, who tried to sell two 1-terabyte Pro Maxes, complained that, at $2,027 each, the Russian buyers weren’t offering enough.

Persons: Nick Alexenkov, Vladimir Putin, ”, Max, Alexenkov, Evgenia Novozhenina Organizations: Hong Kong CNN, Kong’s Apple, CNN, Apple, Mobile, MTS, ” Reuters, Reuters Locations: Hong Kong, Tsim Sha, Ukraine, Russia, Moscow, Eldorado, Russian, Central

☆ Stores don’t sell your favorite product anymore. That’s on purpose
▼ + stars: | 2024-11-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

That’s just one example of companies eliminating an endless assortment of products to boost profit. Hormel is cutting some pepperoni products. Cutting products boosted companies’ profit margins by 0.9% compared to 2019, L.E.K. The strategy is going to make customers’ choices “a little simpler” and reduce re-stocking work for store employees, he said. Companies can upset customers who are loyal to a specific version of a product, pushing them to switch to another brand or stores’ private-label versions.

Persons: New York CNN — Pepperoni, Applegate, Jennie, Hormel, ”, That’s, Gene J, Rob Wilson, Levi’s, Todd Vasos, Scott Olson, Gina Goetter, Bob Eddy, Taco Bell, David Garfield, “ We’ve Organizations: New, New York CNN, CNN, Companies, L.E.K, Consulting, Starbucks, Hasbro, Dollar, BJ’s Wholesale, Walmart Locations: New York, Turkey, mayo, Asia

☆ Trump's win spells trouble for a luxury comeback in China
▼ + stars: | 2024-11-08 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

Luxury brands face uncertainty after Donald Trump won the US presidential election. His victory spells trouble for the sector's hopes of a comeback in China. AdvertisementAmerica has elected a new president, paving an uncertain future for luxury brands looking to boost sales in China. Tariffs further complicate luxury's China issuesChina has been a reliable cash cow for luxury brands for decades. AdvertisementNationalism's rise doesn't play well for luxuryTrump's return to the White House is a signal of a wider issue facing luxury brands — rising nationalism.

Persons: Donald Trump, —, Trump, Jelena Sokolova, Martin Roll, they'll, Cheng Xin, Gary Ng, Ng, Daniel Langer, Justin Sullivan, It's Organizations: Service, America, Beijing, Morningstar, Trump, McKinsey, Pepperdine University Locations: China, outflows, Russia, Europe

It's not cheap, though, so the ongoing Ergatta Black Friday sale is a can't miss chance to score your very own. Even though the month of November only just started, Ergatta has kicked off its Black Friday sale, offering shoppers up to $850 off its elite-level rowers and bundles. View at ErgattaLimited-Time Deal Ergatta Lite Rower $1,399.00 $1,799.00 Save 22% The Ergatta Lite Rower offers the brand's game-like rowing experience and beautiful design with a smaller footprint and lower price. View at ErgattaThe Ergatta Rower is down to $1,899 plus free shipping (usually $150) and a bonus $100 Ergatta Apparel Gift Card. The Ergatta Lite is also $400 off and down to $1,399 also with free shipping and the gift card.

Persons: Ergatta, Price Organizations: Business, Ergatta

☆ Australia proposes ban on social media for children under 16
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: +1 min

Shoppers use their phones as they walk past the entrance to a Myer department store, owned by Australia's biggest department store chain Myer Holdings Ltd, in Sydney, Australia, November 1, 2017. Australia Prime Minister Anthony Albanese said on Thursday the government would legislate for a ban on social media for children under 16, a policy the government says is world-leading. Australia is trialing an age-verification system to assist in blocking children from accessing social media platforms, as part of a ban that could come into force as soon as the end of next year. "Social media is doing harm to our kids and I'm calling time on it," Albanese told a news conference. Albanese cited the risks to physical and mental health of children from excessive social media use, in particular the risks to girls from harmful depictions of body image, and misogynist content aimed at boys.

Persons: Anthony Albanese, Albanese Organizations: Myer, Australia's, Myer Holdings Ltd, Australia Locations: Sydney, Australia

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