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On the ground in Moscow, Apple products including MacBooks, iPhones and iPads are available in stores, although prices may be higher than they were pre-invasion. Asked about Vision Pro sales in Russia, an Apple spokesperson told CNBC: "As you are aware, Apple Vision Pro is only available at Apple Retail stores in the US." Still, at a retail outlet "re:Store," (pronounced Ree-store) a former official Apple reseller offers Apple products for sale at shops in Moscow. The chain's website features a large photo of a user strapped into an Apple Vision Pro, and the iconic bitten Apple logo with text reading, "Vision Pro: The era of spatial computers has come. Apple Vision Pro is already on sale."
Persons: Kremlin . WASHINGTON —, Tim Cook, Romance768, Sergey Romantsev, Romantsev, Alexei Navalny, We're, CNBC's Steve Kovach Organizations: Apple, CNBC, Vision Pro, Apple Vision, Apple Retail, Vision, Kremlin, Russia, Pro, Meta, Russian Ministry of Industry, Trade, Sputnik, White Locations: Los Angeles , California, U.S, Moscow, London, Ukraine, Russia, United States, Kremlin . WASHINGTON, St . Petersburg, New York, Russian, Patriarshiye, York, Istanbul, American, Washington
KYIV, Ukraine (AP) — A missile strike on the Russian city of Belgorod near the Ukraine border on Thursday killed six people, including a child, and injured 18 others, a Russian official said. It was the latest in exchanges of long-range missile and rocket fire in Russia's war on Ukraine. Five of the 18 people injured in Belgorod, a city of around 340,000 people, were children, regional Gov. Dozens of people were killed and injured in an attack there over Russia’s New Year holiday weekend. The Russian missiles used on Thursday included Iskander ballistic missiles, Kalibr cruise missiles, guided aviation missiles and adapted S-300 anti-aircraft missiles.
Persons: Vyacheslav Gladkov, Roman Starovoit, , Vladimir Putin’s, Oleh Syniehubov, Volodymyr Zelenskyy, Olaf Scholz, Zelenskyy, Kamala Harris, Andrii Sadovyi, ___ Burrows Organizations: Gov, Telegram, Tass, Russia’s Ministry of Defense, Security, U.S, Ukraine, Command Locations: KYIV, Ukraine, Russian, Belgorod, Russia, Ukraine's, Russia's Kursk, , Ukrainian, Velykyi, Kharkiv, Kyiv, Lviv, salvos, France, Berlin, Germany, Russia’s Kursk, London, russia, ukraine
The suburbs are home to the vast majority of Americans, including millennials priced out of cities. AdvertisementThese days, the American suburbs are seeing something of a revival after a few decades of the back-to-the-city movement, in which mostly young people flocked to urban centers. The rise of remote work coupled with the soaring costs of urban housing has pulled, or pushed, lots of millennials and others to the suburbs and even far-flung exurbs. Exclusive, isolating, and inconvenient suburbsThe American suburbs have always been flawed in a host of ways. Kotkin says the American suburbs have “won the battle” with cities, reigning as the more economically and demographically dominant place.
Persons: , , Andrew Justus, ” Justus, “ We’ve, Adie Tomer, Tomer, Joe Sohm, Joel Kotkin, Kotkin, , ” Tomer, Tayana Panova, ” Panova Organizations: Service, Niskanen, Brookings Institution, MIT, Chapman University, National Review, metros Locations: American, it’s, Paoli , Indiana, America’s, Somerville , Massachusetts, Shaker Heights , Ohio, Orange , California, Bronxville, Westchester County, Woodlands, Texas, Houston, , walkable, Suburban
Keila Misdom, a TikTok influencer and exotic dancer, was born and raised in Las Vegas and has worked as a stripper in the city for eight years. Not venturing away from the Las Vegas StripThe Bellagio Hotel's nightly water fountain show is seen among the lights of other casinos on the Las Vegas strip. George Rose/Getty ImagesThe nearly 4-1/2-mile-long Las Vegas Strip is often the first place that tourists head to due to its many hotels, bars, restaurants, and attractions. Buying full-price tickets for a showFrom artist residencies to the iconic Cirque du Soleil performances, there are plenty of shows to see in Las Vegas. Here, patrons can order drinks and admire the sweeping views of Las Vegas without a 30-minute time restriction.
Persons: , Keila, she's, George Rose, Misdom, Kobby Dagan Organizations: Service, Business, Las Vegas, Park MGM, Bellagio, Las, Bazaar, Fremont Locations: Vegas , Nevada, Las Vegas, Vegas, Fremont, Downtown, Casino Royale, It's
Here are Thursday's biggest calls on Wall Street: Morgan Stanley downgrades ZoomInfo to equal weight from overweight Morgan Stanley said it sees a slowing recovery for the software company. Morgan Stanley reiterates General Motors as overweight Morgan Stanley said it's standing by the auto giant and that GM shares are "cheap." Mizuho reiterates Nvidia as buy Mizuho said it's standing by the stock heading into its GTC Conference in March. Morgan Stanley names Docebo a top pick Morgan Stanley named the ed-tech company a top pick. " Morgan Stanley reiterates Bloom Energy as overweight Morgan Stanley said the energy company is an "underappreciated AI winner."
Persons: Morgan Stanley downgrades ZoomInfo, Morgan Stanley, Oppenheimer, AAPL, it's, Mizuho, Goldman Sachs, Goldman, Redburn, Tesla, Daiwa, Jefferies, StoneCo, Wells, JPMorgan downgrades Lennox, LII, Docebo, Kraft Heinz, Mondelez, Kate McShane, Wolfe, Cash Organizations: OW, Apple, Motors, Nvidia, Conference, Citi, Qualcomm, Samsung, Deutsche Bank, Deutsche, Humana, Microsoft, Rockwell Automation, Rockwell, JPMorgan, UBS, SilverBow Resources, Regency, Kraft, Target, RBC downgrades New York Community Bancorp, RBC, New, Community Bancorp, Bloom Energy, Boston Scientific, Mizuho Locations: Boston
Once known as a staple American mall brand, Gap lost its relevance among consumers who traded shopping centers for e-commerce. "Gap brand, as you know, has tremendous heritage as a pop culture brand," Dickson told investors. Jennifer Ortakales Dawkins/Business InsiderGap's design team is playing it too safe for today's competitive market. Jennifer Ortakales Dawkins/Business InsiderOn that note, Gap could be doing a lot more to market to younger generations. Jennifer Ortakales Dawkins/Business InsiderBriggs suggests brands like Gap go where their younger customers spend much of their time: TikTok, YouTube, and Instagram.
Persons: , Richard Dickson, Dickson, Ellyn Briggs, Barbie, Neil Saunders, Jennifer Ortakales Dawkins, Briggs, Gen Zers, Gen, Gen Z, Piper Sandler's Organizations: Service, Mattel, Morning, New York City, Grand Central, Free, Nike, Alpha, Teens, Times, YouTube Locations: New York City, New York, Grand
Macy's on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales. The move will affect approximately 2,350 positions across its corporate office and stores, company spokesman Chris Grams said. The majority of those — roughly 500 —are its namesake stores, followed by 158 Bluemercury stores and 56 Bloomingdale's stores. The department store chain's footprint has gotten smaller in recent years, however. He said since that 2020 announcement, Macy's had closed about 80 namesake locations and had plans to soon close another five.
Persons: Chris Grams, Grams, Macy's, Tony Spring, Jeff Gennette, Adrian Mitchell, Mitchell, It's, Gennette Organizations: Wall Street Locations: Arlington , Va, Leandro, Calif, Lihue, Hawaii, Simi Valley, Tallahassee, Fla, Cincinnati, San Francisco
More than half of Bath & Body Works stores in the U.S. and Canada are now outside of enclosed shopping centers. Photo: Jeffrey Greenberg/UCG/Universal Images Group/Getty ImagesNational chains are accelerating their exit from malls for other types of retail locations, signaling more trouble for malls as consumers show a growing preference for shorter, more convenient shopping experiences. Jewelers, shoe stores and other specialty retailers are among the operators making the shift, indicating they will continue opening at outdoor, non-mall locations such as grocery-anchored shopping centers and strip malls after finding that they perform better and typically save on costs.
Persons: Jeffrey Greenberg Organizations: Body Works, Getty Locations: U.S, Canada
As investors confront uncertain markets in the short term, dividend paying stocks could offer some portfolio stability and income. Civitas ResourcesFirst, there is independent oil and natural gas producer Civitas Resources (CIVI). This payment included a base dividend of $0.50 per share and a variable dividend of $1.09 per share. (See Civitas Insider Trading Activity on TipRanks)Williams CompaniesWe move to another energy dividend stock – Williams Companies (WMB). Williams recently acquired a portfolio of natural gas storage assets from Hartree Partners LP's affiliate for $1.95 billion.
Persons: Eric Greager, Wall, Nitin Kumar, Kumar, TipRanks, Williams, Selman Akyol, Akyol, KIM, Kimco Realty's, Simon Yarmak Organizations: Civitas Resources, NYSE, Williams, Hartree Partners, U.S, TipRanks, Kimco, RPT Realty, Aid, Kimco Realty Locations: Denver, Civitas, U.S, Transco, Kimco
In Florida, Affordable Housing Joins Luxury Complexes
  + stars: | 2024-01-13 | by ( Deborah Acosta | ) www.wsj.com   time to read: 1 min
The Bal Harbour complex is home to about 100 luxury retailers. Photo: Scott McIntyre for The Wall Street JournalBal Harbour Shops in Miami-Dade County, a premier luxury mall featuring swanky brands such as Chanel, Gucci and Tiffany, is getting into the affordable-housing business. Whitman Family Development , the shopping center’s owner, filed plans with the city on Tuesday to build a roughly 20-story luxury hotel and three residential towers with 600 units within the complex. One building with about 240 units will be reserved for workforce housing, as part of Florida’s new housing law known as the Live Local Act.
Persons: Scott McIntyre, Chanel, Gucci, Tiffany Organizations: Wall, Whitman Locations: Miami, Dade County
Read previewA few days after moving into her Miami, Florida, apartment, Rachel Koggan decided to explore. AdvertisementThis Black Friday, Rachel Koggan headed to the mall early in the morning. Rachel KogganSince moving into the apartment, Koggan has explored the mall at all hours of the dayHeading down to the mall during daylight hours is a normal occurrence, Koggan said. The stores are open during typical business hours, while a movie theater and put-put golf course stay open later. Sure enough, the door was unlocked and Koggan entered a deserted mall.
Persons: , Rachel Koggan, Koggan, she's, Abercrombie, She's, perk, Henry, Acqua Di Parma, Jo Malone London Organizations: Service, Business, Chanel Locations: Miami, Florida, Sephora, New York City
The S & P 500 rose 24% in 2023, ending the year just shy of a record closing high. The highest S & P 500 target on the Street calls for 8.7% upside from Thursday's close. A fund with exposure to small and midcap semiconductor stocks is the SPDR S & P Semiconductor ETF (XSD) . Exposure to this space can be obtained through the SPDR S & P Health Care Equipment ETF (XHE) . For these investors, Bailey likes Berkshire Hathaway , calling it a counter-cyclical sitting on a ton of cash.
Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex
Business Insider asked analysts what brands have the most potential for turnaround in 2024. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "To reach new younger audiences, they've all struck a really good balance of nostalgia and novelty," Morning Consult analyst Ellyn Briggs told Business Insider. Business Insider asked analysts what brands have the most potential for turnaround and how each company can win over customers. AdvertisementHere are six brands ready for reinvention in 2024.
Persons: , Abercrombie, Ellyn Briggs, Dana Telsey, Neil Saunders Organizations: Business, Body, Service, Abercrombie, Telsey Advisory, GlobalData, BI Locations: Bath
Future Publishing | Future Publishing | Getty ImagesMin Li doesn't go to the mall often. The name of the game for Chinese youth in 2024 is trading down. Anything not in the basement floors is considered to be "in heaven," signaling it's out of reach. Citizens shopping for Mid-Autumn Festival gifts at a shopping mall in Yantai, East China's Shandong province, Sept 25, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images"The name of the game for Chinese youth in 2024 is trading down.
Persons: Min Li doesn't, Gucci, Chanel, Louis Vuitton, She's, Shaun Rein, Rein, Jia Miao, Jia, Chung Chi, Miao Organizations: Future Publishing, Getty, Apple, China Market Research Group, Starbucks, China Market Research, Weibo, Citizens, Publishing, New York University Shanghai, MyCOS Research, NYU Shanghai, Hong Kong Polytechnic University, McKinsey, China's, China News Service Locations: Yantai, East China's Shandong province, Weibo, East China's Shandong, Covid, NYU Shanghai China, Shanghai, Guangzhou
A Bay Area couple who tied their Christmas tree to the roof of their car had it stolen on Friday. Security footage shows a person casually cutting the ropes and loading the tree into their own car. The couple was eventually given another Christmas tree by a local business, KGO-TV reported. The San Mateo Police Department told KGO-TV that the Christmas tree case was "unique" and that the theft suspect hadn't been identified yet. AdvertisementPolice added that a local Christmas tree lot gave Jesus and his wife a new tree.
Persons: , Jesus, Dion Lim, Scrooge isn't, Lim, hadn't Organizations: Area, KGO, Service, ABC, NBC, NBC Bay Area, San Mateo Police Department, Police Locations: San Mateo, NBC Bay
Elon Musk's Cybertruck apocalypse
  + stars: | 2023-12-05 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +8 min
In most regards, the sales pitch for Tesla's new Cybertruck doesn't differ in its particulars from the value proposition of any other pickup or SUV. But unlike the Cybertruck, its sales pitch has a curve: Musk has said all along that it's designed to be your go-to vehicle for the End of the World. "The apocalypse could come along at any moment, and here at Tesla we have the finest in apocalypse technology." If you believe in an apocalypse with trucks, you must also believe that someone will be maintaining the necessary infrastructure. In the early 20th century, when cars first came within financial reach of average Americans, the sales pitch focused on freedom of movement.
Persons: Elon, Musk, , It's, cofound, Ursula K, Le Guin, Ken Liu, Mike Pondsmith, Adam Rogers Organizations: SpaceX, Insurance Institute for Highway Safety, Cooperation Locations: Francisco, Megacity
I stayed at the cheapest hotels onsite at Disney World and Universal Orlando earlier this year. That's what I thought until one trip to a Universal Orlando value hotel. While Disney World is home to princesses, Star Wars characters, Marvel superheroes, and Pixar cartoons, Universal Orlando boasts Harry Potter, Minions, and Transformers. Abigail Nilsson/Getty ImagesWhere Universal may have Disney beat: value hotel roomsI've stayed at Disney World's value resorts on multiple occasions throughout my life. I love staying at Disney World's value resorts overall, but based on this experience, I think Universal Orlando offers better rooms.
Persons: , I've, you'll, Marvel, Harry Potter, Abigail Nilsson, Amanda Krause, I'm Organizations: Disney World, Universal Orlando, Universal, Service, Disney, Sports, Hollywood Studios, Magic, Universal Studios, Wars, Pixar, Star Resorts Locations: Orlando , Florida, Universal Orlando, Magic Kingdom, Animal Kingdom, EPCOT
Editor’s Note: Dominic Erdozain is a historian and the author of ”One Nation Under Guns.” Follow him on X @domerdozain. Burned out and disillusioned, Murdock now lives in Scotland, where freedom is a reality and nobody lives in fear of guns. The death toll is growing because the weapons now available, and the right to carry them outside the home, are new. With Reagan’s arrival in the White House in 1981, the conversation shifted from controlling guns to “protecting” gun owners. A weapon that vastly exceeds the killing power of the Tommy guns banned in the 1930s is affordable and freely accessible.
Persons: Dominic Erdozain, Stephen King, , Lane Murdock, Murdock, It’s, Marvin E, Wolfgang, Milton S, Eisenhower, , Richard Nixon, growled, ” Nixon, John N, Mitchell, David Frost, Russell Peterson, Paul Soglin, Soglin, Ronald Reagan, Reagan, Michael Beard, Bob Graham, Ann Richards, Richards, George W, Bush, Graham, Tommy ”, Patrick Purdy, There’s, Purdy, Barbara Bush, Grover Norquist, Heller, Franklin D, Roosevelt Organizations: CNN, Parkland, National Commission, Republican, National Rifle Association, National Advisory Commission, City Council of, House, NRA, National Coalition, Gov, Democrat, Democratic Gov, Slave, Firearms, University of Texas, ex, AK, US Army, FBI, Rifle Association, District of Columbia Locations: Maine, Scotland, America, United States, Delaware, City Council of Madison , Wisconsin, Florida, Texas, Vermont, Stockton , California, American, Detroit,
WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR? HOW MUCH ARE SHOPPERS EXPECTED TO SPEND? Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe. WHAT ARE RETAILERS DOING TO ATTRACT HOLIDAY SHOPPERS? Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday.
Persons: Marcus Collins, Collins, Jane Hali, Max, Lancome mascaras, Bobbi Brown concealers, Dana Telsey, Leonardo Fernandez Viloria, David Bujnicki, Kimco, Jeff Gennette, Mattel, Steve Totzke, Juveria Tabassum, Savyata Mishra, Richa Naidu, Helen Reid, Herbert Lash, Josie Kao Organizations: Retailers, Department, Ross School of Business, University of Michigan, Dollar, Walmart, Associates, Nordstrom, Adobe Analytics, Electronics, Mastercard, National Retail Federation, Telsey Advisory, Sensormatic Solutions, U.S, Black, REUTERS, Adobe, Labor, Kimco Realty Corp, Consumers, Deloitte, Reuters, Thomson Locations: U.S, Europe, Philadelphia, China, United States, Caracas, Venezuela, Panama, Israel, Sixth, Washington, Germany, India, Spain, United Kingdom, Bengaluru, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAthleisure is leading the charge among consumers, says Tanger CEO Stephen YalofStephen Yalof, Tanger president and CEO, joins 'Squawk on the Street' to discuss the state of Black Friday shopping, the evolution of shopping center tenants, and more.
Persons: Stephen Yalof Stephen Yalof Locations: Black
American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. New Jersey's American Dream mall – the second largest mall in the country – was evacuated minutes after it opened on Black Friday because of a bomb threat that was later deemed unfounded, police said. Police reopened American Dream around 9:15 a.m. for shoppers and retail workers, the mall said. "The mall has been deemed safe and American Dream will be returning to normal operations. "American Dream was evacuated this morning following what was later deemed a non-credible threat.
Persons: Phil Murphy Organizations: New Jersey State Police, CNBC, East, Police, New, New Jersey Gov, Twitter, Walmart Locations: East Rutherford, N.J, American, New Jersey, stampedes
The San Fernando Valley, once an endless ramble of orange groves in Southern California that evolved into the porn capital of the world in the 1970s and later gave way to big-box retailers and strip malls, will now become the home of the 2021 season’s Super Bowl champions, the Los Angeles Rams. In a $650 million land deal by the team’s owner, Stan Kroenke, Rams executives laid out their vision last week for revitalizing nearly 100 acres in the valley’s Woodland Hills neighborhood into a sports-centric, live-work-play development, including a practice facility and team headquarters. The deal includes two properties owned by Westfield, a shopping center developer that is pulling out of the U.S. market, as well as an abandoned 13-story building and parking lot that Anthem Blue Cross Blue Shield owned. After the coronavirus pandemic hastened the embrace of online retail and remote work, blighted malls and office buildings have closed their doors. The vacant properties and their adjoining parking lots now offer a chance to redevelop valuable square footage in neighborhoods like Woodland Hills.
Persons: Stan Kroenke Organizations: Bowl, Los Angeles Rams, Rams, Westfield Locations: San Fernando Valley, Southern California, Woodland, U.S
PLANO, Texas (AP) — A small plane crashed and burned Tuesday on the doorstep of a strip mall in Texas, killing the pilot and causing a nearby car to catch fire, but nobody on the ground was injured, authorities said. The single-engine Mooney M20, with just the pilot aboard, went down at about 6 p.m. north of Air Park-Dallas Airport, the Federal Aviation Administration said. Photos from the scene showed the wreckage in a parking space next to a nail salon and diner just outside of the shopping center in the Dallas suburb of Plano. The crash caused a parked car to catch fire, but nobody was inside the vehicle, authorities said. It wasn't immediately clear whether the plane was taking off or trying to land at the small suburban airport, which has a single runway.
Organizations: Dallas Airport, Federal Aviation Administration, Police Locations: PLANO, Texas, Air, Dallas, Plano
HARARE, Zimbabwe (AP) — These days, Catherine Mangosho locks her 3-year-old grandson in the house for hours on end in an attempt to shield him from a deadly cholera outbreak in Zimbabwe. The virulent bacterial disease is killing the young and the old in the southern African country, with health authorities reporting more than 150 suspected deaths and over 8,000 suspected cases since February. Since the start of the latest outbreak, Zimbabwe's Health Ministry has recorded 8,087 suspected cholera cases and 1,241 laboratory confirmed cases. It said there have been 152 suspected cholera deaths and 51 laboratory confirmed deaths. The World Health Organization has said that cholera cases in Africa are rising exponentially amid a global surge.
Persons: Catherine Mangosho, Cholera, , , Douglas Mombeshora, Nyachuru Organizations: Health, International Federation of Red, Red Crescent Societies, World Health, WHO, Red Cross Federation, Community Water Alliance, AP Locations: HARARE, Zimbabwe, Harare, Africa, Kuwadzana, Glen View, Zimbabwe's, africa
Tesla CEO Elon Musk appeared to endorse an antisemitic conspiracy theory posted to X.Musk is now facing backlash from advertisers and investors. AdvertisementTesla CEO Elon Musk is under fire after he appeared to endorse an antisemitic conspiracy theory. I don't think he seeks it out, but I just think he does appreciate it for his brand, his name, you know," he said. At the Monterey, California, shopping center, the Tesla Model Y owner said Musk could impact his decision to buy another Tesla. But as he's gotten older, he's like, 'Hmm, I'm not so sure about that brand' — because of Elon Musk," he added.
Persons: Elon Musk, , I'd, he's, Tesla, Elon, Rashed Mohammed, Mohammed, He's, — he's, It's, I've, I'm Organizations: Service, Tesla, Defamation League, Del, Brooklyn Museum, EV, Twitter Locations: New York, California, New York City, Monterey , California, Brooklyn
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