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CNN —Rep. Steve Scalise announced he was dropping out of the speaker’s race Thursday after House Republicans failed to coalesce behind him in the aftermath of Kevin McCarthy’s historic ouster. And Republicans scheduled a second members-only conference meeting for Thursday evening. But the opposition to Scalise as the next speaker only grew Thursday, with roughly 20 Republicans publicly opposing him. Scalise needs a majority of the House to be elected speaker, meaning he can only afford to lose four votes. The deadlock is leading to intensifying frustration as the House GOP looks no closer to coalescing around a speaker candidate.

Persons: Steve Scalise, Kevin McCarthy’s, “, ”, there’s, Scalise, I’m, Nicole Malliotakis, Jim Jordan of, Jordan, “ I’m, Andy Ogles, Kevin McCarthy, “ He’s, ” McCarthy, didn’t, Thursday’s, ” Scalise, It’s, Hakeem Jeffries, Paul Ryan, Thomas Massie, Dan Crenshaw, ” Jordan, Jordan didn’t, Steve, Donald Trump, ” Trump, that’s, –, Mark Green, Scalise can’t, Patrick McHenry of, Steve Womack, McHenry, Tom Cole of Oklahoma, can’t, Anna Paulina Luna, Joe Biden, Luna, don’t, Mario Diaz, Erin Houchin, Indiana Organizations: CNN —, Republicans, Louisiana Republican, GOP, New York Republican, Scalise, Fox, Republican, Kentucky Republican, CNN, Ohio Republican, Fox News Radio, Israel, Wednesday, Democrats, Republicans Democrats, Florida Republican, ”, ” Republican Locations: ”, Louisiana, Jim Jordan of Ohio, Tennessee, New York, Kentucky, Dan Crenshaw of Texas, Scalise, Israel, Patrick McHenry of North Carolina, Arkansas, “, Florida

CNN —House Republicans picked Rep. Steve Scalise as their nominee for speaker on Wednesday, but the Louisiana Republican lacks the votes needed to win the gavel and it remains unclear whether he will be able to win over holdouts. Scalise won out over Rep. Jim Jordan in a closed-door vote by the House GOP conference to pick their speaker nominee on Wednesday. House Republicans hold a narrow majority and Scalise can only afford to lose four GOP votes on the floor and still win the speakership. McCarthy’s ouster, which was driven by a group of hardline conservatives, has intensified deep divisions within the House GOP conference and escalated tensions. Scalise is a veteran of House GOP leadershipScalise has risen through the ranks of leadership during his time in Congress.

Persons: Steve Scalise, Kevin McCarthy’s, Scalise, Jim Jordan, Donald Trump, Jordan, Trump, McCarthy’s, It’s, “ I’m, I’ll, Marjorie Taylor Greene, CNN’s Manu Raju, “, Jake Tapper, Thomas Massie, Massie, McCarthy, hasn’t, Steve, ”, Kevin Hern, Byron Donalds of, Tom Emmer, – Organizations: CNN — House Republicans, Louisiana Republican, holdouts, Republicans, House GOP, Committee, Scalise, House Republicans, GOP, CNN, ” Republican, Oklahoma GOP, Oklahoma, Rep, Republican Locations: Louisiana, Georgia, Byron Donalds of Florida

CNN —The US House of Representatives is bracing for a key vote Tuesday over Speaker Kevin McCarthy’s political future as GOP Rep. Matt Gaetz of Florida pushes for his ouster. House Speaker Kevin McCarthy speaks with reporters at the U.S. Capitol in Washington, DC, October 3, 2023. No House speaker has ever been ousted through the passage of a resolution to remove them. If a procedural vote fails, then there would be a vote directly on whether to remove McCarthy as speaker, which would take only a majority to succeed. Drew Angerer/Getty ImagesTo force a vote, a member must go to the House floor and announce their intent to offer the resolution to remove the speaker – as Gaetz did.

Persons: Kevin McCarthy’s, Matt Gaetz, McCarthy, Gaetz, “ I’m, ” McCarthy, CNN’s Manu Raju, “, ”, I’m, Kevin McCarthy, Jonathan Ernst, It’s, Drew Angerer, – Organizations: CNN, GOP, Republican, U.S, Capitol Locations: Florida, California, Washington , DC, Washington ,

CNN —Rep. Matt Gaetz on Monday moved ahead in his attempt to oust Speaker Kevin McCarthy from the top House leadership post, offering a motion to vacate the chair on the House floor – a rare procedural move that can be used to force a vote to remove the speaker. A floor vote to oust McCarthy would require a majority to succeed. According to House precedent, a resolution to remove the speaker would be considered privileged, a designation that gives it priority over other issues. To force a vote, a member must go to the House floor and announce their intent to offer the resolution to remove the speaker – as Gaetz did. Gaetz also cited the possibility of the House holding votes on sending aid to Ukraine as another reason to oust him.

Persons: Matt Gaetz, Kevin McCarthy, It’s, McCarthy, –, Mark Meadows, John Boehner, Boehner, Gaetz, Eli Crane, Bob Good, Andy Biggs, CNN he’s, ”, Tim Burchett, Hakeem Jeffries, Donald Trump, Joe Biden, ” Biden, “, Biden, we’ll, ” McCarthy, Karine Jean, Pierre, “ There’s Organizations: CNN —, Monday, GOP, Florida Republican, Capitol, Ohio Republican, CNN, Democratic, Conservatives, Republican Party, Ukraine Locations: Florida, North Carolina, Ohio, Ukraine

CNN —Federal agencies are making final preparations with the government on the brink of a shutdown and congressional lawmakers racing against Saturday’s critical midnight deadline. “After meeting with House Republicans this evening, it’s clear the misguided Senate bill has no path forward and is dead on arrival,” McCarthy wrote on X. But there is still no consensus on what - if anything - they will put on the House floor Saturday to avoid a government shutdown. McCarthy argued on Friday that aid to Ukraine should be dropped from the Senate bill. Border security has also become a complicating factor for the Senate bill as many Republicans now want to see the bill amended to address the issue.

Persons: Kevin McCarthy, McCarthy, ” McCarthy, ”, Friday’s, “ We’re, CNN’s Manu Raju, GOP Sen, Rand Paul of, “ Nothing’s, Sen, Mike Braun, “ Organizations: CNN, Federal, GOP, Republicans, House Republicans, Capitol, Senate, Indiana Republican Locations: Ukraine, America, Rand Paul of Kentucky, Indiana

Underwood Archives/Getty Images Feinstein gets her makeup touched up for a photo shoot in San Francisco in 1955. Bettmann Archive/Getty Images Feinstein attends a campaign event for her mayoral run in San Francisco in 1971. Clem Albers/San Francisco Chronicle/Getty Images Feinstein attends a memorial service for assassinated Supervisor Harvey Milk in San Francisco in 1978. Roger Ressmeyer/CORBIS/VCG/Getty Images Feinstein speaks at the signing of an anti-gun bill at San Francisco City Hall in 1982. Douglas Graham/CQ Roll Call/Getty Images Feinstein greets first lady Hillary Clinton at the 2000 Democratic National Convention in Los Angeles.

Persons: Washington CNN — Dianne Feinstein, Feinstein, Gavin Newsom, Newsom, NBC’s “, ”, Feinstein’s, Ramsay Hunt, I’m, “, ” Feinstein, Lindsey Graham, Amy Coney Barrett, Leah Millis, Nancy Pelosi, Democratic Sen, Dick Durbin, Kevin McCarthy, Chuck Schumer, “ Dianne Feinstein, ” Schumer, Sen, Dianne Feinstein, Joe Biden, Celeste Sloman, Dianne Emiel Goldman, George Moscone, Harvey Milk, Duke Downey, Clem Albers, Janet Fries, Quentin Kopp, Sal Veder, Richard Blum, Walter Mondale, Georges, Roger Ressmeyer, Steve Ringman, Tony Bennett, Jeff Reinking, Neal Ulevich, Bishop Desmond Tutu, Eric Risberg, Willie Brown, Cecil Williams, Dr, Martin Luther King Jr, Paul Sakuma, Kim Komenich, Mark Reinstein, Barbara Boxer, Alan Greth, Ruth Bader Ginsburg, Carol Moseley, Braun, Doug Mills, Charles Tasnadi, Kathleen Brown, Bill Clinton, Dirck Halstead, Lisa Leslie, Gigi Goshko, Douglas Graham, Hillary Clinton, Clinton, Paul J, Richards, Orrin Hatch, Patrick J, Leahy, William H, Pryor Jr, Scott J, Ferrell, Arnold Schwarzenegger, Schwarzenegger, Tim Sloan, Rick Friedman, Condoleezza Rice, George W, Bush, Colin Powell, Chuck Kennedy, John Roberts, Mark Wilson, Eileen Mariano, Mariano, interning, Tom Williams, Carson, Jay L, Barack Obama, Ralf, Finn Hestoft, Hina Rabbani Khar, Brendan Smialowski, Jacquelyn Martin, AP Sen, Chuck Grassley, Christine Blasey Ford, Brett M, Kavanaugh, Ford, Donald Trump, Chip Somodevilla, Barrett, Bonnie Cash, Graham, Samuel Corum, Jonathan Ernst, Simone Biles, Larry Nassar, Aly Raisman, Maggie Nichols, McKayla Maroney, Bob Dole, Oliver Contreras, Kent Nishimura, Kevin Dietsch, Dianne Feinstein's, Moscone, Milk, CNN’s Dana Bash, Dan White, ‘ Dan, ’, Harvey, California’s, Bash, Richard Blumenthal, Bill Clark, Annette Bening, Donald Trump’s, South Carolina Republican Lindsey Graham’s Organizations: Washington CNN, Senate, California Democratic, Democratic, Press, Democrats, Democratic Party, Capitol, Senate Intelligence, California Democrat, Capitol Hill, CNN, Golden State ”, Illinois, Republican, New York Times, Underwood Archives, Getty, San Francisco City Hall, San Francisco, of Supervisors, Bettmann, San Francisco Chronicle, San Francisco Ice Company, White, Steiner, Forbidden, Democratic National Convention, United States Senate, United, United States women's, team, Convention, Washington Post, Circuit, Images California, McClatchy, Tribune, Service, Supreme, California, Rancho, Pakistan's, AP, Committee, White House, Los Angeles Times, Stanford University, San, Supervisors, Administration Committee, federal, Inc, South Carolina Republican, Judiciary, Intelligence, Appropriations Locations: Washington, California, San Francisco, America, ” San Francisco, Washington , DC, DC, Forbidden City, Beijing, China, Feinstein , California, Los Angeles, United States, New York, AFP, Boston, Rancho Bernardo, San Diego, San Francisco , California, Maryland, San Francisco County, Richard Blumenthal of Connecticut

CNN —The House is expected to take up a GOP stopgap bill to extend government funding on Friday – but House Speaker Kevin McCarthy appears to lack the votes to pass it and Congress is still on track to trigger a government shutdown. McCarthy is gearing up to have his chamber consider a GOP stopgap bill with border provisions attached as House GOP leaders have insisted that border security must be addressed as part of the spending fight. “I still got time, I got time to do other things,” McCarthy responded when asked by CNN’s Manu Raju what will happen if the stopgap bill fails. Separately, House GOP leaders brought a series of spending bills to the floor Thursday evening as they try to show conservatives they are working in good faith to advance full-year funding bills. Meanwhile, the Senate is working to advance a bipartisan stopgap bill that would keep the government open through November 17 and provide additional aid to Ukraine and disaster relief.

Persons: Kevin McCarthy, McCarthy, ” McCarthy, CNN’s Manu Raju, GOP Sen, Rand Paul Organizations: CNN, GOP, California Republican, of Agriculture Locations: California, Ukraine

CNN —With only three days to go before government funding expires, Congress is barreling toward a shutdown with the House and Senate at an impasse over a path forward. The White House is sounding alarms about massive disruptions to air travel as tens of thousands of air traffic controllers and Transportation Security Administration personnel work without pay. The White House has warned that a shutdown could risk “significant delays for travelers” across the country. The White House has also warned of impacts to national security, including the 1.3 million active-duty troops who would not get paid during a shutdown. The House is expected to vote on a GOP stopgap bill on Friday, though nothing has been scheduled as of yet.

Persons: Kevin McCarthy, it’s, Mitch McConnell, GOP Sen, Rand Paul of Organizations: CNN, House, Senate, GOP, Democratic, Republicans, US Border Patrol, Transportation Security Administration, TSA Locations: Ukraine, Rand Paul of Kentucky

However, it is not clear that even those bills can advance amid deep divisions within the House Republican conference. McCarthy is expected to face yet another test of his leadership on Tuesday as House GOP leadership has indicated that they plan to hold a procedural vote on a rule to advance those measures. The expected vote comes after hardliners tanked a similar procedural vote for a defense bill last week in a major embarrassment for the House GOP leaders. If they include Ukraine funding, GOP Sen. Rand Paul of Kentucky has threatened to slow down the bill’s passage. Legislative text of a Senate stopgap bill has not yet been formally unveiled.

Persons: Kevin McCarthy, McCarthy, tanked, Chuck Schumer, Mitch McConnell, there’s, GOP Sen, Rand Paul of, Schumer, we’ve, ”, ” McCarthy Organizations: CNN, Defense and Homeland Security, Republican, House Republican, GOP, Federal Aviation Administration, FAA Locations: Ukraine, Rand Paul of Kentucky

☆ What could happen if the government shuts down
▼ + stars: | 2023-09-21 | by ( Clare Foran | ) edition.cnn.com time to read: +6 min

Congressional leaders on both sides of the aisle are hoping to pass a short-term funding extension to keep the lights on and avert a shutdown. What could happen during a shutdownIn the event of a shutdown, many government operations would come to a halt, but some services deemed “essential” would continue. Once a shutdown is over, federal employees who were required to work and those who were furloughed will receive backpay. Employees deemed “essential” and required to work were already guaranteed backpay after a shutdown prior to the passage of that legislation. And federal employees aren’t the only ones who can feel the effects of a shutdown.

Persons: it’s, furloughed, Sen, Ben Cardin, Trump, you’re, ”, Maya MacGuineas, It’s, White Organizations: CNN, Congressional, Federal, Maryland Democrat, Employees, Park Service, Senate, Democrats, Republicans, White House, Department of Health, Human Services, TSA, Food and Drug Administration Locations: Ukraine, Maryland, shutdowns

CNN —House Republican leaders are sending members home for the week amid deep divisions over funding the government ahead of the rapidly-approaching September 30 deadline, according to multiple GOP sources. The move came after House Republicans dramatically bucked Speaker Kevin McCarthy and GOP leadership on a procedural vote over a Pentagon funding bill, with the members now not set to return to session until next week. With government funding set to expire at the end of next week, persistent opposition from a bloc of far-right conservatives has continued to thwart the House GOP leadership agenda, threatening to paralyze the House floor in the process. The House on Thursday voted down a procedural measure that would have advanced the Defense Department bill. Opposition from hardliners has plagued efforts by Republican leadership to unify behind a plan to fund the government.

Persons: Kevin McCarthy, Thursday’s, McCarthy, tanked, ”, ” McCarthy, –, Dan Bishop of, Andy Biggs of, Matt Rosendale, Eli Crane of, Marjorie Taylor Greene, Tom Cole of Organizations: CNN — House Republican, House Republicans, GOP, Defense Department, House Republican, GOP House, Republican, White, Republicans Locations: Dan Bishop of North Carolina, Andy Biggs of Arizona, Matt Rosendale of Montana, Eli Crane of Arizona, Georgia, Tom Cole of Oklahoma

Romney, who was the 2012 GOP presidential nominee, has long been a rare member of the Republican party who has been an outspoken critic of Trump. He ran as the Republican Party nominee in the 2012 presidential race and lost to Barack Obama, who was then the Democratic incumbent. Donald Trump calls global warming a hoax, and President Biden offers feel-good solutions that make no difference to the global climate. On China, President Biden underinvests in the military and President Trump underinvests in our alliances,” he said. Senate Republican leader Mitch McConnell praised Romney in a statement reacting to the news.

Persons: Utah Republican Sen, Mitt Romney, ”, Joe Biden, Donald Trump, Romney, “, Biden, Trump, Trump’s, ” Romney, I’m, McKay Coppins, Coppins, Josh Hawley, Ted Cruz, ’ ” Romney, Vance, ’ ” Coppins, acquit Trump, Democratic Sen, Joe Manchin, Barack Obama, Biden underinvests, Trump underinvests, Mitch McConnell, ” McConnell Organizations: CNN, Utah Republican, Senate, Republican, Biden, U.S . Senate, Democratic, Republican Party, Trump Locations: Utah, ”, States, U.S, West Virginia, Massachusetts, China

☆ Airline CEO works as a flight attendant and discovers how challenging it is to be 'attentive and charming' to passengers on a night flight
▼ + stars: | 2023-08-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

The CEO of Lufthansa Airlines wrote a LinkedIn post detailing his experience working as a flight attendant. CEO Jens Ritter said he helped out staff on flights between Germany and the Middle East. AdvertisementAdvertisementThe CEO of Lufthansa Airlines worked as a flight attendant on a round-trip between Germany and the Middle East, serving passengers onboard the German airline. According to a Lufthansa spokesperson, Ritter worked on an outbound and return flight between Frankfurt in Germany and Bahrain. Ritter has been in charge of Lufthansa Airlines since last April.

Persons: Jens Ritter, Ritter, Carsten Spohr, –, Ritter isn't, Greg Foran, Laxman Narasimhan, what's, it's, Lee Peterson Organizations: Lufthansa Airlines, Morning, Lufthansa, Lufthansa Group, Swiss Air, Austrian Airlines, Airbus, LinkedIn, Air New Zealand, NDTV, WD Partners Locations: Germany, East, Frankfurt, Bahrain, Riyadh, Saudia Arabia

☆ House GOP chairmen announce probe into Hunter Biden plea deal
▼ + stars: | 2023-07-31 | by ( Clare Foran | ) edition.cnn.com time to read: +2 min

CNN —Three House GOP chairmen sent a letter Monday to Attorney General Merrick Garland demanding documents and information regarding circumstances related to Hunter Biden’s plea deal with the Justice Department. A plea deal between Hunter Biden and the Justice Department is on hold after a dramatic court hearing Wednesday. Noreika said she had “concerns” about the parties seemingly linking the tax plea agreement to resolving a felony gun charge. While the investigation was ongoing, Hunter Biden fully paid his federal tax bill, along with interest and penalties, his lawyers have previously said. Last month, Garland rejected claims the Justice Department improperly interfered in the Hunter Biden probe.

Persons: General Merrick Garland, Hunter, Jim Jordan of, James Comer of, Jason Smith of, Hunter Biden, Hunter Biden’s, Devon Archer, “, ”, Maryellen Noreika, Noreika, David Weiss, Donald Trump, Joe Biden, Garland Organizations: CNN, GOP, Justice Department, Republicans –, House Republicans, Justice, Trump -, White House, Department Locations: Jim Jordan of Ohio, Jason Smith of Missouri

CNN —Israeli President Isaac Herzog is set to deliver an address to a joint meeting of Congress on Wednesday, in what is expected to mark a bipartisan show of support for a top strategic ally in the Middle East. There is widespread support for Israel on both sides of the aisle in Congress, but some House Democrats have said they’ll skip the address, citing concerns about human rights. Jayapal, a Washington state Democrat, said “Israel is a racist state” on Saturday while addressing pro-Palestine protesters who interrupted a panel discussion at the Netroots Nation conference in Chicago. “In May, I became the second Speaker of the US House of Representatives in history to address the Israeli Knesset, and now, it is my privilege to host Israeli President Isaac Herzog for a similar honor. The only other President of Israel to share this distinction is his father – President Chaim Herzog – more than 35 years ago,” McCarthy said in a statement at the time.

Persons: Isaac Herzog, Nancy Pelosi, Chuck Schumer, Hakeem Jeffries, Herzog “, Pramila Jayapal, ” Jeffries, Katherine Clark, Pete Aguilar, Ted Lieu, “ Israel, who’s, ” Jayapal, “, Joe Biden, Herzog, Kevin McCarthy, McCarthy, Chaim Herzog –, ” McCarthy Organizations: CNN, Israel, Democrats, West Bank, Democratic, ”, Democratic Rep, Congressional Progressive Caucus, Top, Palestine, Netroots, White Locations: California, New York, Israel, Washington, Chicago, Palestine, America

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☆ Biden signs debt ceiling deal into law, averting historic default
▼ + stars: | 2023-06-03 | by ( Clare Foran | ) edition.cnn.com time to read: +1 min

CNN —President Joe Biden signed into law Saturday a bill to suspend the nation’s debt limit through January 1, 2025, to avert a first-ever US default. Suspending the debt limit through early 2025 takes the threat of default off the table until after next year’s presidential election. In addition to addressing the debt limit, the law caps nondefense spending, expands work requirements for some food stamp recipients and claws back some Covid-19 relief funds, among other policy provisions. The bipartisan deal to address the debt limit was struck between the White House and House Republicans – the culmination of long days and late nights of contentious negotiations that at times looked like they might break down and fall apart entirely. The House passed the bill on Wednesday and the Senate passed it on Thursday.

Persons: Joe Biden Organizations: CNN, White, House Republicans, Treasury Department

CNN —Senators are racing the clock to pass a bill to suspend the nation’s debt limit through January 1, 2025 – but it’s not yet clear when a final vote will take place as the threat of default looms. Once the Senate passes the measure, it can be sent to President Joe Biden to be signed into law. Suspending the debt limit through 2025 would take the threat of default off table until after the presidential election. In addition to addressing the debt limit, the bill caps non-defense spending, expands work requirements for some food stamp recipients and claws back some Covid-19 relief funds, among other policy provisions. There were 149 Republicans and 165 Democrats who voted for the bill and 71 Republicans and 46 Democrats who voted against it.

Persons: Joe Biden, Chuck Schumer, Mitch McConnell, Schumer, Sen, Bernie Sanders, Democratic Sen, Jeff Merkley Organizations: CNN, Senators, Senate, Republican, Treasury Department, Republicans, Democratic Locations: Vermont, Oregon

CNN —The House of Representatives is on track to vote Wednesday on a bill to suspend the nation’s debt limit through January 1, 2025, as lawmakers race to prevent a catastrophic default. The bipartisan debt limit deal struck between the White House and House Republicans was announced over the weekend – the culmination of long days and late nights of contentious negotiations that at times looked like they might breakdown and fall apart entirely. The effort to secure a debt limit deal has proven to be a major leadership test for both House Speaker Kevin McCarthy and Biden. Suspending the debt limit through 2025 takes the threat of default off table until after the presidential election. Before the House votes on final passage of the debt limit deal, the chamber must first vote to pass a rule setting parameters for floor debate.

Persons: Joe Biden, Chuck Schumer, Kevin McCarthy, Biden, –, McCarthy, “, ” McCarthy, Patrick McHenry Organizations: CNN, Senate, Treasury Department, White, House Republicans, Capitol, GOP, Democratic, Congressional, CBO

CNN —House Speaker Kevin McCarthy helped secure a debt limit deal – now he has to secure its passage in the House, with little room for error and a looming threat to his speakership. In a win for McCarthy, a key Republican said he expects to support a rule to set parameters for debate. The powerful House Rules Committee must still vote to adopt the rule, but with that anticipated support, it is now on track to do so — a hurdle that must be cleared before the bill can come to the House floor for a final vote. If he did not support the rule, the debt limit bill may have been unable to advance to the House floor. Roy and Norman have both emerged as leading critics of the bipartisan debt limit bill.

Persons: Kevin McCarthy, –, McCarthy, “, it’s, Thomas Massie, Massie, Chip Roy, Texas, Ralph Norman of, Carolina –, Roy, Norman, ” Massie, Glenn Beck, can’t, Jim Jordan, Ohio, he’s, McCarthy’s, ”, Patrick McHenry, ” McHenry, “ I’m, McHenry Organizations: CNN —, GOP, Treasury Department, CNN, Republican Locations: Kentucky, Carolina

☆ Skynest: Air New Zealand reveals price of new economy class sleep pods
▼ + stars: | 2023-05-10 | by ( Lilit Marcus | ) edition.cnn.com time to read: +3 min

But that will change on some Air New Zealand flights when the airline launches Skynest, a beds-on-board concept for economy-class passengers, in September 2024. The airline first announced the Skynest concept, in which six sleep pods in a bunk bed configuration are available on select planes, last year. Lighting in the Skynest pods was designed to make passengers sleep better. Meanwhile, Air New Zealand was ranked the second-best airline in the world in 2022. It became Air New Zealand in 1965.

☆ Starbucks new CEO wants senior leaders to work in stores. Every leader should follow suit.
▼ + stars: | 2023-04-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. Others went through management-training programs operated by department stores. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ Starbucks' new CEO plans to spend time working at his company's coffee shops. Here's why every retail leader should take a shift on the sales floor.
▼ + stars: | 2023-04-03 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. David Swanson/ReutersOf course, times have changed — in the past, many retail CEOs got their start at the store level. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ This Bernstein stock-picking model beats the market by 6% a year. Here are its top picks today
▼ + stars: | 2023-03-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Instead of relying on fundamental research or quantitative analyses alone to identify stocks that will outperform, Bernstein combines both models. The Wall Street firm used its Bernstein and Autonomous sell-side analysts' recommendations as a proxy for the fundamental stock picker. His $200 target price suggests nearly 26% upside from Tuesday's close. According to his $265 price target, the stock could rally 38% from Tuesday's close. Rosenblum's price target of $54 implies 10.4% upside from Tuesday's close.

☆ The US dollar is at a crossroads
▼ + stars: | 2023-03-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Wall Street investors are reaching for their neck braces in preparation for yet another volatile swing in stock markets: A surging US dollar. What’s happening: The US dollar “finds itself at a significant crossroads yet again,” said Krosby. Don’t forget the debt ceiling: Another significant threat to the dollar is looming in Congress — the ongoing debt ceiling fight. “It would certainly undermine the role of the dollar as a reserve currency that is used in transactions all over the world. Initial claims have come in lower than expected in recent weeks and remain well below their pre-pandemic levels.

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