DIRS.INFO The most relevant business & tech news

☆ Trump said he'll charge up to an extra 25% on imports from Mexico, Canada, and China. Here's what the US buys from them the most.
▼ + stars: | 2024-11-26 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

AdvertisementPresident-elect Donald Trump is expanding his plans for tariffs on Mexico, China, and Canada. Trump's tariff plans could face legal issues, and he may choose not to implement them. The Census Bureau reported that in 2023, the US imported a total of about $1.3 trillion in goods from China, Mexico, and Canada combined. AdvertisementSome companies have already been preparing to increase prices as a result of Trump's tariff plans on the campaign trail. Trump wrote of the Mexico and Canada tariffs.

Persons: Donald Trump, Donald Trump's, Trump, John David Rainey, François Legault, Arturo Sarukhan, — Organizations: Business, Census Bureau, Walmart, CNBC, Trump, Companies Locations: Mexico, China, Canada, Quebec, United States, Mexican

☆ Chinese fast fashion may be in the line of fire in a second Trump term. Here's what Trump's tariffs could mean for Shein and Temu.
▼ + stars: | 2024-11-26 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

AdvertisementTrump's second term may not bode well for Chinese fast-fashion brands in the US. Gen Z-favorite brands like Shein and Temu will likely be hit hard by such tariffs. Donald Trump's victory in the presidential election could spell trouble for Chinese fast-fashion brands, particularly Gen Z-favorite budget brands like Shein and Temu. While campaigning this year, Trump said he would impose tariffs of 60% or higher taxes on Chinese products. AdvertisementAnd while Shein has become synonymous with fast fashion produced in China, it's facing rising competition from Temu.

Persons: bode, Gen, Temu, Donald Trump's, Trump, Liu Pengyu, PDD, David Jacks, Jacks, Lei Chen, PDD's, Jeffrey Towson, Emily Pfeiffer, Forrester, Pfeiffer, Jacob Cooke, Vox, Shein, Biden Organizations: National Retail Federation, Singapore's Yale, NUS College, TechMoat Consulting, Towson, Amazon, Bloomberg Locations: China, Bangladesh, Morocco, Temu

☆ ‘If you mark it down, they will come.’ What to expect from retailers this holiday season
▼ + stars: | 2024-11-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

While economists say this holiday shopping season could ultimately be the most normal one (sales-wise) since before the pandemic, it’s also decked out with plenty of uncertainty. While it would set a new record as well (keep in mind, those figures aren’t adjusted for inflation), this holiday season might be a little more muted than last. A shortened holiday seasonA short shopping season, however, may force the hands of retailers who are looking to hold back on deep promotions. This year, there are 26 days between Thanksgiving and Christmas, marking the shortest holiday shopping season possible. Courtesy Dan MarshallMarshall remains quite optimistic that Mischief will enjoy yet another strong Black Friday, Small Business Saturday and, ultimately, holiday season.

Persons: It’s, it’s, ”, Neil Saunders, “ it’s, Frederic J . Brown, TJ Maxx, Scrooge ‘, Saunders, ” Franklin Bracken, Locker, Bing Guan, ” Bracken, Jeffrey Davidson, “, ” Davidson, Shannon Grein, “ It’s, Seth Wenig, TransUnion, Charlie Wise, TransUnion’s, Wise, Brendan McDermid, Dan Marshall, Marshall, Dan Marshall Marshall, “ We’re, —, they’ll Organizations: CNN, B Department, Jersey Shore, National Retail Federation, GlobalData, Getty, Walmart, Target, Goldman, Global Retailing Conference, Bloomberg, Black, University of Michigan, Reuters, November’s University of Michigan, University of Locations: Jersey, Las Vegas , Nevada, AFP, New York, New Jersey, Wells Fargo, Ramsey , New Jersey, Wells, New York City, Oxford, St, Paul , Minnesota

☆ Google proposes fresh tweaks to search results in Europe
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: +2 min

Google has proposed more changes to its search results in Europe after some smaller rivals complained about lower traffic to their sites resulting from previous tweaks by the Alphabet unit and as EU antitrust regulators consider levying charges against the company under new EU tech rules. Under the Digital Markets Act, Google is prohibited from favouring its products and services on its platform. The latter three groups said their direct booking clicks have fallen by 30% due to recent Google changes. "We think the latest proposal is the right way to balance the difficult trade-offs that the DMA involves," Bethell said. "We're very reluctant to take this step, as removing helpful features does not benefit consumers or businesses in Europe," Bethell said.

Persons: Oliver Bethell, Bethell, We're, crosshairs Organizations: Google, Digital Markets, Big Tech Locations: Europe, Germany, Belgium, Estonia

A handful of retail stocks stand to benefit more than others as the holiday shopping season gets underway in earnest on Black Friday, if history is any guide. Citigroup analyst Paul Lejuez also pointed to a encouraging consumer spending trends heading into Black Friday. "Overall, our survey paints a favorable picture for holiday spending," Lejeuz wrote late last week. Executives cited strong holiday shopping trends as a tailwind. The company's third-quarter earnings on Tuesday surpassed analyst estimates on the top and bottom line, while Abercrombie also raised its year-over-year sales guidance, signaling strong holiday shopping trends.

Persons: Goldman Sachs, Brooke Roach, Roach, Paul Lejuez, Lejeuz, Fitch, Abercrombie Organizations: Citigroup, CNBC Pro, P Retail, Body, Body Works, Abercrombie, Fitch Locations: Columbus , Ohio

The developers would only need to reveal the training material that is “sufficient to identify with certainty” whether the copyright holder’s works were used. Failing to comply would create a legal assumption — until proven otherwise — that the AI developer did indeed use the copyrighted work. Sen. Peter Welch, D-Vt., who introduced the bill Thursday, said the country must “set a higher standard for transparency” as AI continues to integrate itself into Americans’ lives. “We need to give America’s musicians, artists, and creators a tool to find out when A.I. Companies that rely on human creative labor have tried to take on AI developers as well.

Persons: Sen, Peter Welch, ’, ” Welch, don’t, Oscar, Julianne Moore, James Patterson, Radiohead’s Thom Yorke —, Welch, Recording Academy — Organizations: Artificial Intelligence Networks, New York Times, Street Journal, Screen, American Federation of Television, Radio Artists, American Federation of Musicians, Recording Academy, Universal Music Group, Warner Music Group, Sony Music Locations: deepfakes, California

NBC News is helping shoppers answer those questions by tracking the online prices of five popular gift items in major categories this season. Second, retailers change prices regularly, making unannounced price cuts on various items all the time. Take the AirPods and the Ninja coffee maker, for example: This past weekend, both hit their lowest online prices since NBC News began tracking them months ago. Overall spending is projected to increase by 7% to an average of $1,638 per shopper this holiday season, according to PwC. The company foresees holiday discounts roughly as deep as those on offer last year but a “much stronger reaction from the consumer,” according to Adobe lead digital analyst Vivek Pandya.

Persons: Ninja, we’ve, Trae Bodge, PwC, Vivek Pandya, ”, ” Pandya, Pandya Organizations: NBC, Consumer, Wired, Apple, Apple AirPods, Apparel, Reebok, Amazon, Target, Walmart, Amazon’s, NBC News, Keepa Reebok, Keepa, Adobe, Deloitte, Black Locations: Zappos

☆ Formula 1 approves GM-Cadillac as an 11th team starting in 2026, bringing an American car maker on the grid
▼ + stars: | 2024-11-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil_Hs.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +5 min

Formula 1 announced Monday that it has approved the entry of GM and Cadillac as a new team on the grid, bringing a storied American car maker into the pinnacle of motorsport. But the added promise from GM to become a “works” team — building both a car and a power unit — led to a breakthrough. It will be the first time since 2016 that F1 has had more than 10 teams on the grid. One of those existing teams, Haas F1, is owned by American Gene Haas with headquarters in North Carolina. The move sets up a clash of two American car giants, GM and Ford, in Formula 1.

Persons: “, Andretti, we’re, Mark Reuss, ” Mario Andretti, I’m, Mark Walter, Dan Towriss, ” Andretti, ”, Daniel Francis, Michael Andretti, Haas, Gene Haas, Liam Lawson, Valtteri, ” Bottas, Ford, Red Bull, “ Ford, Red, Christian Horner Organizations: GM, Cadillac, Andretti Global, Las Vegas, Prix, General Motors, FIA, Liberty Media, TWG, Andretti, Formula, ”, “, Washington , D.C, Justice Department, NYU School of Law, Las, NBC News, Sauber, Ford, Red Bull, Sky Sports Locations: American, Washington ,, U.S, North Carolina, Las Vegas

☆ Bird flu detected in raw milk sold in California, health officials say
▼ + stars: | 2024-11-25 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

Bird flu has been detected in a batch of raw milk sold in California stores and the state’s department of public health said Sunday that the public should not drink it. No one has become sick nor contracted the disease from this lot of raw milk, the California Department of Public Health (CDPH) noted. Raw FarmUnlike most milk sold in stores, raw milk has not been pasteurized, a process that includes heating to a high temperature to kill harmful germs and viruses. The CDPH said that drinking or inhaling raw milk with bird flu virus may lead to illness. Further, touching your eyes, nose or mouth with unwashed hands after touching raw milk with bird flu virus may also lead to infection.

Persons: it’s, Robert F, Kennedy Jr, Donald Trump, Gwyneth Paltrow Organizations: California Department of Public Health, Centers for Disease Control, Prevention, Department of Health, Human Services, Food, Raw, Santa Clara Public Health Laboratory, California Animal Health, Food Safety Laboratory, California Department of Food, Agriculture, RAW, CDFA, California State, NBC Locations: California, Fresno County

☆ Nestle and Keurig are going all in on customers making iced coffee at home
▼ + stars: | 2024-11-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —Iced coffee just isn’t the same when you make it at home. This year, Keurig Dr Pepper launched a machine that is dedicated to iced coffee, advertising a drink “as cold as the coffee shops” in three minutes or less for $199. But there’s science behind why iced coffee is so much better at coffee shops, and current single-serve espresso machine innovations don’t meet that quality despite their marketing. And iced coffee mania comes at a time when coffee production is at risk of surging prices as factors like climate change could slash the global supply. Almost a quarter of Americans enjoy their coffee cold, according to this fall’s National Coffee Data Trends report.

Persons: Keurig Dr Pepper, Nescafé, ” Christopher Hendon, ” David Rennie, Coffee, Jennifer Creevy, ” Creevy, ”, It’s, ” Rennie, Nestlé, “ It’s, Dr Pepper, they’re, CNN’s Erika Tulfo Organizations: New, New York CNN, Nestle, ”, University of Oregon, CNN, International Coffee Organization, United Nations, Nestlé Coffee, National Coffee Association Locations: New York, Australia, China, Americano

And comparable sales rose at both Bloomingdale’s and Bluemercury, the company’s luxury brands. Those results are early signs that Macy’s latest strategy of investing in these parts of the business may be working. Macy’s said it had found the accounting error while preparing its results for the quarter, which ended Nov. 2. An investigation was opened and the employee was no longer with the company, Macy’s said. In the same time period of the accounting issue in which the employee hid up to $154 million, the retailer said it had recorded about $4.36 billion of delivery expenses.

Persons: Macy’s Organizations: Target, National Retail Federation

☆ Trump's trade plan could mean higher prices, and avoiding the impact won't be simple
▼ + stars: | 2024-11-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Trump's trade plans could spell trouble for prices, and preparing for it isn't so easy . AdvertisementThe prevailing theory among many economists is Trump's plan will increase prices and inflation as companies pass the cost of the taxes down to their customers. He told BI he views them more as a negotiation tactic with China and American companies with operations there. Still, some experts told BI they foresee obstacles to making it a reality . Sector experts told BI the massive chipmaker will continue to make its most advanced tech in Taiwan .

Persons: Drew Angerer, Tyler Le, Donald Trump's, Emily Stewart, We're, Philip Daniele didn't sugarcoat, John David Rainey, There's, Dominick Reuter, Emily, Trump, Nobel, Simon Johnson, Brian Cornell, Natalie Ammari Baby boomers, Scott Bessent, George Soros, Bluesky, Rose Wang, It's, Chelsea Jia Feng, Taylor Swift, they'll, crosshairs, Elon Musk, Vivek Ramaswamy's, Biden, Alex Jones, Menendez, Dan DeFrancesco, Grace Lett, Lisa Ryan, Ella Hopkins, Amanda Yen, Jack Sommers, Milan Sehmbi Organizations: Business, Getty, Walmart, Electronics, Target, Social Security, Treasury, Trump, Nvidia, White, Los Locations: China, Phoenix, Taiwan, Florida, Washington, Los Angeles, New York, Chicago, London

☆ Huawei's self-sufficient era shows just how splintered the US and China are in tech
▼ + stars: | 2024-11-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

AdvertisementHuawei is set to launch its new line of Mate 70 phones on Tuesday. It marks a new era of self-sufficiency at a moment of tech division between the US and China. On Tuesday, the Shenzhen-based tech giant is set to unveil a slate of new smartphones — the Mate 70 series — that will be the most free they have ever been of Western software and hardware. The Huawei Mate 60. Depending on the success of the Mate 70 phones, that gap could widen in the months ahead.

Persons: Donald Trump, Joe Biden's, Trump, —, Wang Gang, Beijing's mandarins, Tim Cook, Steve Jobs Organizations: Huawei, Wall Street, Kirin, Bloomberg, Apple Locations: China, Shenzhen, Washington

☆ Kohl’s CEO will step down. He’ll be replaced by the head of Michaels
▼ + stars: | 2024-11-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Kohl’s announced its CEO Tom Kingsbury will step down on January 15, 2025, and will be replaced by the CEO of arts and crafts retailer Michaels. Ashley Buchanan, the next Kohl’s CEO, has been CEO of Michaels since 2020 and was a senior executive at Walmart and Walmart-owned Sam’s Club for 13 years. He took over after former Kohl’s chief executive Michelle Gass announced she was leaving the company to become the CEO at Levi’s (LEVI). Kingsbury will stay on as an advisor to Buchanan and on the Kohl’s Board of Directors until he retires in May 2025. Shares of Kohl’s dropped 5% in after-hours trading Monday.

Persons: New York CNN — Kohl’s, Tom Kingsbury, Michaels, Ashley Buchanan, Kingsbury, Michael Bender, Michelle Gass, LEVI, Buchanan, Kohl’s Organizations: New, New York CNN, Walmart, Sam’s Club, Kohl’s Locations: New York

☆ Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand
▼ + stars: | 2024-11-25 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. "We have also the opportunity to have bigger stores in the U.S.," he noted, adding Mango will open some multiline stores that feature men's and kids' items. Mango's sales grew more than 10% in the U.S. this year and the company expects to see double-digit growth again next year. The goal is part of a larger strategic plan at Mango focused on growing sales from about 3.1 billion euros annually to 4 billion euros by 2026. We also have 500 people taking care of the product from end to end," said Ruiz.

Persons: Toni Ruiz, Ruiz, Spain's Zara, Japan's Organizations: Sun, CNBC, D.C Locations: U.S, Barcelona, Los Angeles, Mango's, Spain, Pennsylvania, Washington, Massachusetts, Europe

☆ Progressive news outlet NowThis made deep cuts to its staff for the second time this year
▼ + stars: | 2024-11-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

AdvertisementNowThis laid off about half its unionized newsroom, marking the second deep round of cuts this year. A softness in digital advertising has led to widespread media layoffs in recent years. NowThis recently laid off about half its unionized newsroom, the second round of deep cuts this year at the progressive digital news outlet. The layoffs impacted 13 of NowThis' 21 members of WGA East, which represents the newsroom, a union representative told Business Insider. It joined Vox Media through Vox's 2021 acquisition of Group Nine Media.

Persons: NowThis, Michael Vito Valentino, Vox, George Soros Organizations: WGA, Business, Fallen Media, MTV, Vox Media, Group Nine Media, Open Society, Democratic, Noticias Para Inmigrantes Locations: NowThis

☆ 'Wicked' broke 3 box-office records in its opening weekend. Here's how it compares to other blockbuster musicals.
▼ + stars: | 2024-11-25 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

It grossed $164 million, the biggest opening weekend for a film based on a Broadway show. Here's all the records "Wicked" broke and how it compares to other blockbuster musicals. "Wicked" broke three records topping the box office this weekend with $164 million in ticket sales and surpassing its blockbuster rival "Gladiator II." "Wicked" broke the record for the biggest opening weekend for a film based on a Broadway adaptation domestically and globally. Walt Disney StudiosWith "Moana 2" premiering this week, "Wicked" has a new competitor at the box office going into Thanksgiving weekend.

Persons: Disney, Rob Mitchell, Mia, Mitchell, Ariana Grande's, Nielsen, Moana, Paul Dergarabedian Organizations: cinema's, Walt Disney Studios, Gower, Analytics, Disney, Office MoJo

☆ Drake accuses record company of using bots to ‘artificially inflate’ Kendrick Lamar’s song ‘Not Like Us’ on Spotify
▼ + stars: | 2024-11-25 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Musician Drake alleges that Universal Music Group “conspired” to artificially boost Kendrick Lamar’s searing diss track “Not Like Us” on Spotify, according to a pre-action petition submitted to a New York court on Monday. It has also amassed almost 900 million streams on Spotify to date, according to the petition. Drake is currently represented by Republic Records, a division of UMG and Lamar is currently represented by Interscope records, also a division of UMG. Drake’s petition accuses UMG of paying an independent radio promoter acting as an intermediary, who then paid other radio stations to boost airplay of Lamar’s track. “Not Like Us” became the most successful song spawned by the feud and earned five Grammy nominations earlier this month.

Persons: Drake, Group “, ”, Kendrick, UMG “, UMG, Lamar, Siri, Monday’s Organizations: CNN, Universal, Group, Spotify, Billboard, Republic Records, Interscope, ” CNN, Drake, Apple Locations: New York, Lamar, UMG

☆ Macy's numbers are definitely challenged, says Forrester Research's Kodali
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacy's numbers are definitely challenged, says Forrester Research's KodaliSucharita Kodali, Forrester Research retail analyst, joins 'Squawk Box' to discuss Macy's latest announcement, what comps in November tells Kodali, and where consumers are shopping right now.

Persons: Forrester, Kodali Organizations: Forrester Research

☆ Trump’s determination to install controversial picks faces next test
▼ + stars: | 2024-11-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Gabbard and another contentious Trump pick — Pete Hegseth, who has been tapped to lead the Defense Department — came under sharpened scrutiny Sunday as the spotlight shifted from Matt Gaetz, Trump’s toppled choice to be attorney general. Trump’s pick of Hegseth is also facing uncertainty after the release last week of a 2017 police report detailing an alleged sexual assault in California. But the withdrawal of Gaetz — who was already widely disliked in Congress — may leave senators feeling they owe the president-elect on his other highly controversial choices. Trump’s new selection for attorney general, Pam Bondi, is meanwhile being welcomed by many Republicans, suggesting she’ll have an easier path to confirmation than Gaetz. But that would still leave the question of who is acceptable to Trump while being confirmable in the Senate.

Persons: Donald Trump’s, Tulsi Gabbard, Pete Hegseth, Defense Department —, Matt Gaetz, Trump’s, ” Democratic Sen, Tammy Duckworth, Bashar al, Assad, she’s, Republican Sen, Markwayne Mullin, Dana Bash, Duckworth, Gaetz —, Pam Bondi, general’s, ”, Russell Vought, Trump, Tesla, Elon Musk, Vivek Ramaswamy, Scott Bessent, Howard Lutnick, Cantor Fitzgerald, They’ll, Mike Waltz, ” Trump, Vladimir Putin’s, —, he’s, Julian Assange, Edward Snowden, Gabbard, ” Sen, Adam Schiff of California, Gabbard’s, Mullin, “, ” Missouri Sen, Eric Schmitt, Tennessee Sen, Bill Hagerty, she’d, Hagerty, ” Oklahoma’s, James Lankford, Bashar, Lankford, Bondi, We’re, ’ ” Lankford, Christopher Wray, Kash Patel, Patel, Trump’s MAGA, CNN’s Kaitlan Collins, ” Patel Organizations: CNN, Trump, Defense Department, CNN’s, Union, ” Democratic, Republican, Fox News, Justice Department, Management, GOP, Treasury, “ Fox, Florida Republican, Electoral College, Senate, Democratic, US, Transportation, Trump’s “, House Intelligence, Press, Oklahoma Republican, Army, ”, NBC, ABC, “, intel, CNN Bondi, of Justice, FBI, Fox Business, Department of Justice Locations: CNN’s “ State, The Illinois, Washington, California, Florida, Ukraine, Moscow, Russia, Hawaii, Syria, Russian, Duckworth, “ State, Oklahoma and Missouri, ” Missouri, Japan, United States, Lago

☆ Lunchables were a smashing success. Now they’re in crisis
▼ + stars: | 2024-11-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Lunchables’ slide is hurting its parent company, Kraft Heinz. The end result isn’t just that Lunchables sales are down — numerous competitors have popped up, including Lunchly by YouTube stars Logan Paul and MrBeast. Kraft Heinz also pitched Lunchables to budget-strapped school cafeterias as a way to save money on labor and other costs. Kraft Heinz criticized the findings and said the report contributed to Lunchables’ sales slide. Lunchables’ ‘transformation’Despite Lunchables’ recent woes, Kraft Heinz says it’s investing in the brand.

Persons: Kraft Heinz, Kraft, Lunchables, ”, Diana Frost, “, Logan Paul, MrBeast, It’s, Matt McClain, Carlos Abrams, Rivera, ” Frost, Oscar Mayer, Michael Moss ’, ” Moss, ” Lunchables, Moss, Justin Sullivan, Bob Drane, it’s, “ Lunchables, Frost, David Garfield Organizations: New, New York CNN, CNN, YouTube, Washington Post, ”, School, Center for Science, Consumer, US Department of Agriculture, Kraft, School Nutrition Association, Crain’s Magazine Locations: New York, Euromonitor, Turkey, bologna, Moss

☆ Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
▼ + stars: | 2024-11-25 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

CNN —President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration. What America importsThe United States’ top import from Canada is oil, which reached a record 4.3 million barrels per day in July, according to the US Energy Information Administration. The United States imports a significant amount of electronics from China, in addition to machinery, toys, games, sports equipment, furniture and plastics. The Trump tariffs also hit foreign steel, aluminum, washing machines and solar panels. He did just that when he was last in the White House, placing large tariffs on goods, primarily from China.

Persons: Donald Trump, Trump, ” Trump, “, ”, Liu Pengyu, ” Liu, Dow, Karl Schamotta, United Nations ’, It’s, Scott Bessent, Bessent’s, Trump’s, CNN’s Matt Egan, Jack Forrest Organizations: CNN, United, Embassy, United States, Canadian, Nasdaq, Treasury, America, US Energy Information Administration, United Nations, Commerce Department, Peterson Institute for International Economics, Senate, Commerce, US Trade Representative Locations: Mexico, Canada, China, “, United States, United, America

☆ A hybrid-car comeback is in the making — and it could be great news for your wallet
▼ + stars: | 2024-11-25 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

As EV sales slowed this year, major automakers had to reckon with their lofty goals and adjust for shifting customer bases. Toyota, which was once criticized for its slow adoption of EV technology, is now enjoying big increases in hybrid sales. That is elevating the brand's cache among green-car shoppers in general, with Toyota often at the top of brand considerations for EV shoppers today. The company has said that Ford's hybrid cars are converting more car buyers than any other segment. AdvertisementFord also announced plans in August to replace two electric three-row SUVs with hybrid models.

Persons: they're, Ford, Kelley, Donald Trump, Trump, Biden, Elon Musk, Trump's Organizations: EV, Automotive, Companies, Tesla, Toyota, Ford, JD Power, GM, North, P Global Mobility Locations: North American

☆ Analysts see Apple AI efforts boosting sales for a business you might not expect
▼ + stars: | 2024-11-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The results showed that 78% of prospective buyers of AI-enabled iPhones would pay a monthly subscription to get unlimited access to Apple Intelligence features. Similar to Morgan Stanley, the Melius analysts pointed to the delayed release of Apple Intelligence. Similar to Morgan Stanley and Melius, we see Apple's iPhone upgrade cycle as a story in the coming quarters, rather than right now. Don't trade Apple." With the delayed rollout of Apple Intelligence, it's clear to us that users may take longer to switch up to newer models.

Persons: Morgan Stanley, iPhones, gamed, Said, Melius, Jim Cramer, Morgan Stanley's, Jim, It's, Apple's, Donald Trump's, Jim Cramer's Organizations: Apple Intelligence, Huawei, Apple, Research, Management, CNBC, Nurphoto, Getty Locations: China, India, Manhattan , New York

☆ It will be a high stakes Black Friday. These are the retail stocks you want to own this holiday season
▼ + stars: | 2024-11-25 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +7 min

Every four years, the holiday season is a little more challenging for retailers as consumers get distracted by the selection of the next U.S. president. Citigroup analyst Paul Lejuez expects consumers will spend an average of 13% more this holiday season based on the findings of the bank's consumer survey. "Consumer wallets remain constrained, macro/geopolitical uncertainty persists and the shorter holiday season (five fewer days and Christmas on a Wednesday)," will weigh on spending, analyst Christopher Horvers said. TGT 3M mountain Target shares over the past three months. Sensormatic Solutions, which tracks foot traffic at stores, is predicting that Black Friday will be the busiest shopping day this holiday season, but also expects a lot of last-minute shopping this year.

Persons: Paul Lejuez, Lejuez, Christopher Horvers, Horvers, Circana, they'll, Marshal Cohen, Cohen, Morgan Stanley, Alex Straton, it's, Straton Organizations: Citigroup, National Retail Federation, Target, Dick's Sporting Goods, Academy Sports, Walmart, Circana, Black, Morgan, Nike, Depot, Home Depot Locations: Minneapolis

Search resuls for: "Consumers"

25 mentions found