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☆ You can now reportedly buy Starlink kits at a Costco in Japan
▼ + stars: | 2023-08-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

A Costco in Japan began selling Starlink hardware on Thursday, according to a report from Impress. The Costco is reportedly selling Starlink's standard hardware at a discount until September 11. This is reportedly the first time Starlink hardware has been sold in a physical store. On Thursday, a Costco store that recently opened in Kadoma, in the Osaka Prefecture of Japan, reportedly began selling Starlink's standard hardware, according to a report from Impress. Starlink's hardware is also available for purchase on Costco's website for those in Japan.

Persons: Elon Musk's, Starlink Organizations: Costco, Elon, Elon Musk's SpaceX, Russian, Facebook Locations: Japan, Kadoma, Osaka Prefecture, Osaka, Ukraine

☆ It's easier than ever to get a tiny home. Home Depot, Amazon, and Costco are selling kits, and some will cost you under $50,000.
▼ + stars: | 2023-08-25 | by ( Grace Mayer | ) www.businessinsider.com time to read: +2 min

People are drawn to tiny homes for their affordability and the minimalist lifestyle they promote. Some states are even paying people to build tiny homes to alleviate the housing crisis. Here's a roundup of some retailers selling tiny homes, including Amazon, Home Depot, and Costco. Amazon, Home Depot, and Costco are selling kits on their websites that allow do-it-yourselfers to build their own tiny homes, which are usually 600 square feet or less. Here's a look at some of the tiny-home structures you can buy at Amazon, Home Depot, and Costco.

Persons: – Organizations: Amazon, Costco, Service Locations: Wall, Silicon, California , New York, Vermont

☆ Stocks are heading for a down August as market kicks off September with jobs report
▼ + stars: | 2023-08-25 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Regardless, the major averages are set to close a losing month as higher yields and Fitch downgrades weighed on equities this month. "Further cooling in the labor market and the services sector," said Brian Ellis, portfolio manager at Morgan Stanley Investment Management. The labor report will be preceded by the July personal consumption expenditures, or PCE, report on Thursday. In fact, many investors expect that the Federal Reserve is probably done hiking rates here as policymakers await the effects of higher rates on the real economy. Increasingly, investors are looking for opportunities in income as they deal with the possibility of higher rates for longer.

Persons: Jerome Powell, Jackson, Jay Hatfield, Fitch downgrades, nonfarm, Brian Ellis, Powell, Morgan, Ellis, Ben Kirby, that's, Thornburg's Kirby, Campbell Organizations: Federal, Nvidia, Nasdaq, Dow Jones, Capital Management, Dow Jones Industrial, FactSet, Morgan Stanley Investment Management, Federal Reserve, Thornburg Investment Management, Labor, Investors, Dallas Fed, Hewlett Packard Enterprise, HP, ADP, Costco, PCE, PCE Deflator, Chicago PMI, Dollar, Broadcom, Jobs, PMI, Manufacturing Locations: , Wyoming, U.S, cautiousness, Smucker, Chicago

☆ Instacart just filed for its IPO and revealed a plan to sell $175 million in stock to PepsiCo
▼ + stars: | 2023-08-25 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +2 min

The company outlined its business as well as a plan to sell $175 million in shares to PepsiCo. The grocery delivery service filed a prospectus, a detailed document that outlines Instacart's business and IPO ambitions, on Friday afternoon. Instacart will also sell $175 million in Series A preferred stock to beverage giant PepsiCo as part of a private placement, according to the document. Instacart said its average order value was $110 in 2022In total, Instacart works with 80,000 stores. As of June 30, 2023, it has 5.1 million Instacart + members.

Persons: Instacart Organizations: SEC, PepsiCo, Service, NASDAQ Global, Publix, Costco, Aldi, CVS, Walgreens, Walmart, DoorDash Locations: Wall, Silicon

☆ Shares of this bargain retailer are tumbling. But Jim Cramer is optimistic on the stock
▼ + stars: | 2023-08-24 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

Dollar Tree 's (DLTR) post-earnings slide may prove short-lived, CNBC's Jim Cramer said Thursday. Shares of the bargain retailer, which operates its namesake stores and the Family Dollar chain, were down more than 9% shortly after the opening bell. The stock was weighed down by the company's profit forecast for the current quarter, which came in well below estimates. Dollar Tree on Thursday said profits were being pressured as consumers shift toward less-profitable consumables, away from discretionary items. The CNBC Investing Club does not own any shares of Dollar Tree, but does maintain positions in a pair of retailers that appeal to value-focused consumers: Costco (COST) and Marshalls parent TJX Companies (TJX).

Persons: CNBC's Jim Cramer, Jim Cramer's, Cramer Organizations: CNBC, Costco, Marshalls, TJX Companies

☆ Here are 6 stocks dominating the AI trade and 3 more that stand to benefit down the road
▼ + stars: | 2023-08-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Analysts at Goldman Sachs released a note to clients late Monday, looking at what they called "The (AI) trade after the trade." Marvell Technology (MRVL), a former Club stock and current Bullpen stock, is also included. But, in addition to surveying the AI landscape, the Goldman note aims to answer the question: What is the trade after the trade? The common theme here is enhanced worker productivity; AI leading to revenue growth and lower labor costs, an obvious benefit to the bottom line. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: you've, Goldman Sachs, Salesforce's Einstein, Goldman, Russell, —, Consumer Staples, Jim Cramer's, Jim Cramer, Jim Organizations: Goldman, Nvidia, Marvell Technology, Club, Microsoft, Russell, Costco, Consumer, CNBC, Istock, Getty

☆ I visited Costco in Sydney while vacationing in Australia and was amazed at the fresh meats and the bulk quantities that were massive even by US standards
▼ + stars: | 2023-08-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Richard Truong is a software engineer in Pennsylvania who has been a Costco member since 2016. On a recent trip to Australia, Truong visited a Costco warehouse near Sydney to see the differences. He found an impressive meat selection and bulk sizing that was massive "even by US standards." After checking out Costco on a recent trip to Japan, I traveled to Australia to visit family and also because Sydney's one of the most well-known Australian cities. The Sydney Costco is about an hour west of town and I actually went to it accidentally.

Persons: Richard Truong, Truong, I've Organizations: Costco, Service, Sydney Costco Locations: Pennsylvania, Australia, Sydney, Wall, Silicon, Japan

☆ Santa better get a T- shirt because summer has claimed Christmas
▼ + stars: | 2023-08-20 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

Stores have been pushing up Christmas merchandise earlier and earlier in recent years. In 2021, Amazon and Walmart, afraid of tepid consumer demand because of the pandemic, initiated holiday sales as early as October. The same pattern was repeated last year, effectively elongating the year-end holiday shopping season. “I expect an ever-growing holiday season is here to stay, at least for the foreseeable future,” said Zak Stambor, senior retail & ecommerce analyst with Insider Intelligence. Among the festive items were Christmas tree ornaments, festive ribbons, plush elves and tabletop ornaments.

Persons: can’t, Don’t, ”, Zak Stambor, Nikki Baird, Stambor, here’s, we’ve, ” Lowe's, Lowe’s, “ Organizations: New, New York CNN, Walmart, Labor, Insider Intelligence, ” Industry, Amazon, Depot, Lowe’s, CNN, Costco Locations: New York, Amazon, “, Santa

☆ The decline of Boston Market: Why the chain that sparked the rotisserie chicken craze has closed dozens of stores
▼ + stars: | 2023-08-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Boston Market, founded in 1985, sparked the rotisserie chicken craze in the late 1980s and 1990s. Between 2017 and 2022, the Golden, Colorado-based chain closed 161 stores, according to market research firm TechnomicAbout 50 more stores have closed this year. "Boston Market repeatedly has breached its payment obligations to US Foods," the suit states. Boston Market began serving its homestyle meals of spit-roasted rotisserie chickens, made-from-scratch cornbread, and creamy mac and cheese in 1985. Boston Market also faced competition from grocery stores like Costco and Kroger, which began selling rotisserie chickens in 1994.

Persons: Brenda Rivera, Rivera, Seth Wenig, Joseph Petrecca, McDonald's, Jay, Pandya, Tim Powell, That's, It's, it's Organizations: Boston, McDonald's, Service, New Jersey's Labor Department, The, Boston Market, Engage Brands, Restaurant Business, US Foods, Costco, Kroger, Sun Capital Partners, Sun Capital, Restaurant, Group, Companies Locations: New Jersey, Wall, Silicon, California, Boston, , Colorado, Jersey, Massachusetts, Arizona, Orange County , California, Huntington Beach , California

☆ 'I quit teaching because we do so much unpaid work outside of working hours': Former teachers share the jobs they got after burning out
▼ + stars: | 2023-08-18 | by ( Manseen Logan | ) www.businessinsider.com time to read: +6 min

This teacher left her job and went to work at CostcoMaggie Perkins got burned out as a teacher and quit her job, after eight years. She got her masters in education from the University of Texas in El Paso and was planning to become a principle, before she quit teaching in 2020. Read more: I left teaching and now make $450,000 in revenue a year covering up scars and stretch marks with tattoos. This former middle school teacher quit and earned more as a waitressAlexis Fernandez was recruited to work at a charter school in the Bronx, in 2018. Read more: I quit teaching to work as a restaurant server.

Persons: Costco Maggie Perkins, Perkins, I've, She's, she's, Read, Laura Lara, Lara, who've, Milhorn, Milhourn, Holly Acre, Acre, Alexis Fernandez, —, Fernandez Organizations: Service, Costco, University of Texas, Royal Locations: Wall, Silicon, Georgia, Costco's Washington, El Paso, China, Acre, Bronx

☆ Earnings this week show shoppers will spend money for value, favoring two retail stocks
▼ + stars: | 2023-08-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

A busy week of retail earnings revealed that American consumers are spending with value top of mind. This disparity signals that certain discretionary goods categories are working while others are not. TGT YTD mountain Target YTD performance Target on Wednesday reported a second-quarter that reflected weak sales along with a slowdown in discretionary spending. TJX YTD mountain TJX Companies YTD performance TJX tells a different story. COST YTD mountain Costco YTD performance Looking ahead, Costco is set to release its fiscal fourth-quarter earnings on Sept. 26.

Persons: Jim Cramer, Matthew Shay, Doug McMillon, Brian Cornell, That's, Maxx, TJX, Ernie Herrman, it's, ROSS, Ross, Jim, Jim Cramer's Organizations: Walmart, TJX Companies, Costco, National Retail Federation, CNBC, Retailers, Health, Wellness, Walmart's, Marshalls, & Beverage, Food & Beverage, Target, Ross Stores, Corbis, Getty Locations: Maxx, TJX, U.S, Teterboro , New Jersey

☆ Walmart vs Target: When it comes to groceries it's not really a competition
▼ + stars: | 2023-08-17 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Walmart posted surprisingly strong sales growth in the last quarter, while Target reported a decline. As shoppers increasingly prioritize essentials, one in four US grocery dollars are spent at Walmart. When Walmart's grocery sales are combined with those of its subsidiary warehouse club Sam's Club, the total approaches a third of total US grocery spending. Target meanwhile accounts for 3% of grocery dollars, or about a tenth of Walmart Inc., per Numerator. Target sells those things too, of course, but if shoppers are already heading to Walmart for groceries, they may not want to make a second stop.

Persons: headwind, Walmart's, John David Rainey, Rainey, Target's, Sara Batchelder, Neil Saunders Organizations: Walmart, Target, Service, Costco, Walmart —, Kroger, Albertsons, Sam's Club, Walmart Inc, Target's Locations: Wall, Silicon

☆ Gig workers are tracking customers who reduce tips after delivery by marking their homes on Google Maps
▼ + stars: | 2023-08-17 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Workers for Instacart and other delivery apps are marking tip-baiters on Google Maps. Several points labeled "Tip Baiter" disappeared from Google Maps after Insider reached out to Google for comment. Some gig workers are fighting back and warning colleagues not to take orders from tip baiters by labeling customers' homes on Google Maps. But several points labeled "Tip Baiter" disappeared from Google Maps after Insider reached out to Google for comment on this story. The Minnesota shopper told Insider about another Costco order she delivered to a restaurant outside of the Twin Cities.

Persons: Instacart Organizations: Instacart, Google, Service, Costco, Workers, Walmart, Twin, North Carolina Locations: Wall, Silicon, Minnesota, Milwaukee , Wisconsin, Twin Cities, North

☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

☆ Rapid intensification, explained
▼ + stars: | 2023-08-17 | by ( Jennifer Gray | ) edition.cnn.com time to read: +14 min

So as the climate crisis forces up ocean temperatures, rapid intensification becomes more likely, pushing storms to explode at a rapid pace into deadly hurricanes, scientists say. Mike Lang/USA Today Network Workers and residents clear debris from a destroyed bar in Fort Myers on Saturday, October 1. Thomas Cordy/The Palm Beach Post/USA Today Network This aerial photo shows damaged homes and debris in Fort Myers Beach on Thursday. Wilfredo Lee/AP Jake Moses and Heather Jones explore a section of destroyed businesses in Fort Myers Beach, Florida, on Thursday. Martha Asencio-Rhine/Tampa Bay Times via ZUMA Press Wire Sarah Peterson fills sandbags in Fort Myers Beach on September 24.

Persons: ”, Phil Klotzbach, Klotzbach, ” Klotzbach, Ricardo Arduengo, Joe Biden, Jill Biden, Hurricane, Evan Vucci, Greg Guidi, Thomas Bostic, Joe Raedle, Win McNamee, Stephanie Fopiano, Kenya Taylor, Mike Lang, Giorgio Viera, Jonathan Drake, Candy Miller, Ana Kapel, Amy Beth Bennett, Meg Kinnard, Shannon Stapleton, Steve Helber, Joe Burbank, Orlando Sentintel, Alex Brandon, Jim Watson, Eva Marie Uzcategui, Bob Levitt, Thomas Cordy, Wilfredo Lee, Jake Moses, Heather Jones, Douglas R, Clifford, Tom, Jonathan Strong, Kylie Dodd, Brenda Brennan, Sean Rayford, John Raoux, Stefanie Karas, ZUMA, Ian, Marco Bello, Ben Hendren, Pedro, Reuters Melvin Phillips, Crystal Vander, Bryan R, Smith, Hurricane Ian, Greg Lovett, Stephen M, Dowell, Zuram Rodriguez, Joe Cavaretta, Crews, Ramon Espinosa, Yamil Lage, Chris O'Meara, Maria Llonch, Willie J, Allen Jr, Alexandre Meneghini, Reuters Frederic, Mary Herodet, Pete, Adalberto Roque, Phelan M, Ryan Copenhaver, Siesta, Gregg Newton, Cathie Perkins, Martha Asencio, Sarah Peterson, Andrew West, Ida, Laura, Hurricane Dorian Organizations: CNN, of Atmospheric Science, Colorado State University, North Atlantic, Getty, Fort Myers, Venice High, USA Today Network Workers, Reuters, South Florida Sun, AP, US Army National Guard, AP University of Central, Bloomberg, Texas, Force, USA, Tampa Bay Times, Zuma Workers, Orange County Government, An, AP Vehicles, NOAA, NASA, City, Naples Police, Anadolu Agency, Punta Gorda, El, El Nuevo Herald, TNS, Officials, Orlando Sentinel, AP Highways, Wednesday, Sentinel, AP People, Southwest, Tampa International Airport, Bistro, Vehicle, Kennedy Space Center, International, Costco, ZUMA Press, Louisiana, Simpson Locations: North, Matlacha , Florida, AFP, Fort Myers , Florida, Island , Florida, Fort, Fort Myers Beach, Kenya, North Port, Venice , Florida, Fort Myers, Myrtle Beach , South Carolina, South Florida, Quarterman, North Charleston , South Carolina, North Port , Florida, Sanibel, Florida, AP University of Central Florida, Orlando , Florida, Orlando, Charleston , South Carolina, New Smyrna Beach , Florida, Cape Coral , Florida, Palm Beach County , Florida, Fort Myers Beach , Florida, Naples , Florida, Orange County , Florida, Orange County, Punta Gorda , Florida, Punta Gorda, Port Charlotte , Florida, Captiva, Port Charlotte, Iona , Florida, Bonita Springs , Florida, An Orlando, Sanibel , Florida, Tampa , Florida, Punta, Tampa, Roberts, El Nuevo, Stuart , Florida, Tampa Bay, Delray Beach , Florida, The, Hurricane, Pembroke Pines , Florida, Davie , Florida, Havana, Cuba, Batabano, Pinar del Rio, St, Pete Beach , Florida, Cape Canaveral , Florida, Cuban, Fanguito, Sarasota , Florida, Havana Bay, Kissimmee, Pinellas County , Florida, Bahamas

☆ Opinion | Maui and the Age of the Urban Firestorm
▼ + stars: | 2023-08-16 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +3 min

It wasn’t even really a wildfire. In general, we’ve long believed the built environment offered formidable firebreaks, and worried over what might be lost when fires passed near homes as a form of tragic collateral damage. As of Tuesday, the official death toll in Maui was 99, but almost 1 percent of all residents remained unaccounted for, and many locals were suggesting the death toll could increase significantly in the days ahead. A climate lawsuit launched by the island against Big Oil in 2020 specifically cited additional wildfire risk. But still, when the fire broke out, almost no one seemed adequately prepared.

Persons: Daniel Swain, Tubbs, Marshall, Chuck, Swain Organizations: Costco, New York, Big Oil Locations: Lahaina, Hawaii, Santa Rosa, Calif, Paradise, Boulder County, Colo, New, Maui

Despite these challenges, Walmart International has performed strongly under McKenna's leadership, under which it exited poorly performing operations in Japan, Britain, Argentina and Brazil. McKenna has led Walmart International since 2018, overseeing a multi-year transformation that resulted in the unit delivering more growth and stronger financial results across the board, Walmart CEO Doug McMillon wrote in a memo to employees. Sam's Club, a rival to Costco (COST.O), for years had been an underperforming business with muted sales growth. Sam's Club, a business unit with $84 billion of yearly revenue, has posted 12.7% average annual comparable sales growth since McKay took over the division, according to a Reuters calculation. Walmart also announced that Christopher Nicholas, currently chief operating officer of Walmart U.S., would replace McLay as CEO of Sam's Club.

Persons: Mario Anzuoni, Kathryn McLay, Judith McKenna, McKenna, Doug McMillon, Piper Sandler, McKay, she's, Edward Jones, Brian Yarbrough, Christopher Nicholas, Ananya Mariam Rajesh, Siddharth Cavale, Anil D'Silva, Sandra Maler, Jamie Freed Organizations: Walmart, REUTERS, Walmart Inc, Walmart International, Sam's, Woolworths, Sam's Club, Costco, Walmart U.S, McLay, Jan, Thomson Locations: Rosemead , California, U.S, China, Mexico, South Africa, Japan, Britain, Argentina, Brazil, India, Walmart's U.S, Walmart Mexico, Bengaluru, New York

☆ Instacart forbids shoppers from giving customers paper receipts from their order. Here's why.
▼ + stars: | 2023-08-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Instacart shoppers aren't allowed to give customers the paper receipt from the store. The markups often surprise customers, three Instacart shoppers told Insider. The in-app reminder that Instacart shoppers receive to keep the paper receipt from the store. Instacart shoppers don't directly benefit from the markups on items that Instacart sellsSome markups are substantial. In North Carolina, another Instacart shopper told Insider about a recent trip that involved buying an expensive bottle of wine.

Persons: Instacart, vane.ssota Organizations: Service, Shoppers, Costco Locations: Instacart, Wall, Silicon, Oregon, California, Virginia, North Carolina

☆ We converted a $12,000 shuttle bus into a tiny house on wheels. Here's what it's like living in it full time and how we did it.
▼ + stars: | 2023-08-15 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +7 min

Michael Cassata and Sara Cokeley turned a shuttle bus into their long term home. Lying on our shuttle bus' roof top deck. How to find the right shuttle busWe faced a few challenges when converting our shuttle bus. I remember the day we finally found our shuttle bus. Our used water is then held beneath the bus in a gray water tank until we can dump it.

Persons: Michael Cassata, Sara Cokeley, Michael, Sara, we've, I've, Sara Still, It's, Michael We'll, they're, Alyshia Organizations: Service, eBay, Costco, Walmart, AC, Disney, Alyshia Hull, ahull Locations: Wall, Silicon, Orlando , Florida, Pacific Northwest, Atlanta Georgia, Atlanta

☆ Here are Monday's biggest analyst calls: Nvidia, Boeing, Alphabet, Okta, Costco, Dick's, Tesla & more
▼ + stars: | 2023-08-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Morgan Stanley as buy Bank of America said the investment bank is "best-in-class." "Initiate at Buy with a Street-high target price of USD72; we like Monster for its market positioning and growth opportunity." "While we turned more optimistic on MOS ahead of this year's crop season, we now see minor downside from current share price levels." Bank of America adds Boeing to the US1 list Bank of America added the stock to its top picks list. Bank of America reiterates Alphabet as buy Bank of America said it remains "constructive" on Alphabet's AI-driven ad products.

Persons: Goldman Sachs, Goldman, Parsons, Tesla, Evercore, Morgan Stanley, it's, JPMorgan, Dick's, Bernstein, Marriott, Telsey, Ulta, Eli Lilly, Stifel Organizations: Teledyne, Bank of America, underperform Bank of America, PSN, U.S, Infrastructure, EU, " Bank of America, Nvidia, HSBC, Barclays, Target, JPMorgan, Hilton, Sports, UBS, Walmart, Base, Costco, Mosaic, Boeing, Boeing Co, Northrop Grumman Corp, Citi, Urban Outfitters Locations: U.S, LLY

☆ How different kinds of investors can approach this August market pullback
▼ + stars: | 2023-08-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

Or are the stocks that are now hated going to turn out to be precursors of the next downturn? Of all the techs I follow, I think ServiceNow probably had the best quarter. We know what to pay when we think a stock is going up, which is the going price. Next thing you know that stock is down to $143 and you say to yourself, should I buy it back? In that case, you need to sell stocks pretty aggressively until we get oversold, raising cash to 10% like us.

Persons: gaga, Everest, it's, Dow, ServiceNow, Jensen Huang, Bill McDermott, Bill, CARR, hasn't, Dupont, Let's, let's, Christian McCaffrey, Jeff Marks, FOMO, that's, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Nasdaq, Walmart, Costco, Nvidia, Fed, Dow, Electric, GE, Accenture, SAP, Otis Worldwide, Carrier Global, Caterpillar, Apple, Football, Bull, San Francisco 49er, CNBC Locations: Eaton

☆ We returned our used mattress to Costco and don't feel bad about it at all. We're just following the policy and plan on returning another one.
▼ + stars: | 2023-08-11 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +3 min

Yuliana Martinez and Louis Orellana returned their old mattress to Costco for a full refund. As we considered buying a new one, I wondered what we'd do with the old mattress that we had bought from Costco two years prior. The store will accept any used mattress as long as it is in good condition. After making our return, Costco provided us with store credit. In fact, we're already keeping this mattress in good condition, just so we can return it in the future.

Persons: Yuliana Martinez, Louis Orellana Organizations: Costco, Service Locations: Wall, Silicon, Los Angeles , California

☆ There's a brewing backlash against DEI in corporate America — and a venture capital fund getting sued for racial bias is now caught in the middle
▼ + stars: | 2023-08-11 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +6 min

VC firm Fearless Fund is being sued by the group behind the Supreme Court affirmative action case. The conservative group claims a grant program run by Fearless Fund is racially discriminatory. It also led some companies like Bank of America, Mastercard , PayPal and others to earmark millions of dollars to fund and address the racial funding gap. A small, Atlanta-based, Black women-led venture firm called Fearless Fund was one of them. "Their motive is clear: they want to disrupt the vital work of Fearless Fund and similar institutions and organizations whose primary mission is to provide underrepresented communities with an economic engine to build, sustain and scale their businesses," said Fearless Fund in a press release.

Persons: George Floyd, Edward Blum, Arian Simone, Ayana Parsons, George Floyd's, Eghosa Omoigui, Yasmin Cruz Ferrine, Ferrine, VCs Organizations: Fearless, Morning, Bank of America, Mastercard, PayPal, American Alliance for Equal Rights, Civil, Costco, MasterCard, Street Journal, Netflix, Disney, Warner Bros, Wall Street Journal, Pew Research Center, Microsoft, Walmart, TechCrunch Locations: Minneapolis, Atlanta, America

☆ A backlash is brewing against DEI in corporate America — and a venture-capital fund facing a racial-bias lawsuit is caught in the middle
▼ + stars: | 2023-08-11 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +6 min

☆ How Rao's pasta sauces went from the kitchen of New York's most exclusive Italian restaurant to be sold to Campbell's in a $2.7 billion deal
▼ + stars: | 2023-08-08 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Specialty foods company Sovos bought the brand in 2017 and grew sales to more than $600 million. Bobby Bank/WireImageSales grew slowly until 2017 when specialty foods company Sovos Brands bought the Rao's Homemade packaged foods division and turned up the proverbial heat. Hermida added that sauce makes up more than 80% of Sovos' business, and that one in eight US households buy Rao's Homemade sauce. Sovos reported Rao's brand sales of $580 million in 2022, largely through Costco and Walmart, and sales have already climbed more than 33% in 2023. On Monday, Sovos announced a $2.7 billion deal with Campbell Soup in which the packaged foods giant would acquire the group, including Rao's Homemade.

Persons: Sovos, Campbell Soup, Frank Pellegrino Sr, Frank Pellegrino, Dino Gatto, Yuri Hermida, Forbes, Hermida, Campbell Organizations: Service, Bobby Bank, WireImage, Sovos Brands, Costco, Walmart Locations: Wall, Silicon, East Harlem, New York, Las Vegas, Los Angeles, Rao's

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