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☆ TikTok's obsession with matcha has created a reported shortage of the tea in Japan
▼ + stars: | 2024-11-27 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

TikTok's obsession with matcha has appeared to create a shortage of the tea in Japan. TikTok's most popular tea brands appear to be hit hard. Kanaike's shop announced limits on online matcha purchases because of the shortage, she told the outlet earlier this month. Marukyu Koyamaen and TikTok did not immediately return requests for comment from Business Insider about the reported matcha shortage. One TikTok video shows a sign at a Japanese matcha shop that says the shop sold too much in the summer months and "ran out of raw materials."

Persons: matcha, Megumi Kanaike, Kanaike's, Marukyu, Zach Mangan, TikTok, Kithumini Organizations: Matcha, Guardian, Sydney Morning Herald, Business Locations: Japan, Sydney, Kyoto, Brooklyn, Tokyo

Ana LuisaAna Luisa is a team favorite and our top pick for the best place to buy affordable fine jewelry. Studs Baroque Pearl Huggie $22.40 $32.00 Save 30% A freshwater pearl adds a touch of romance to your classic huggie. View at StudsOak and LunaThe jewelry pieces we choose to wear say a lot about who we are, but personalized jewelry takes that up a notch further. Oak and Luna is our go-to for personal jewelry pieces, as they have a huge variety of totally customizable pieces. Ring Concierge Movement Cloud Ring $278.60 $398.00 Save 30% This solid gold ring adds intrigue with its dynamic, flowing design.

Persons: Ana Luisa Ana Luisa, They're, Ana Luisa, Ana Luisa's, you'll, Mejuri Mejuri, Luna, it's, you've, that’s, Diamond Organizations: Business, Studs, Luna Black

☆ I write about scams as part of my job: 6 steps I use to stay safe—all are free and most take under 1 minute
▼ + stars: | 2024-11-27 | by ( Mike Winters | ) www.cnbc.com time to read: +5 min

Turned on Stolen Device Protection on my iPhoneTotal time: 1 minute Say you're in a public place, like a bar, and lose your phone. To combat this, Apple introduced "Stolen Device Protection" in January 2024. To turn on Stolen Device Protection, make sure your iPhone software is updated to iOS 17.3 or later. From there, you can follow these steps: Go to the Settings app, and select "Face ID & Passcode" Enter your passcode Toggle "Stolen Device Protection"3. Signed up for Informed DeliveryTotal time: 1 minute Informed Delivery is a free service offered by the U.S.

Persons: I've, —, Apple Organizations: Social, U.S . Postal Service, Bitwarden

☆ The Israel-Hezbollah cease-fire deal brings hope, but the US' role of monitoring violations raises issues
▼ + stars: | 2024-11-27 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

The US and France will play a role in monitoring for potential violations of the deal. Regional experts say the US role in monitoring creates complications and challenges. A cease-fire agreement that aims to end the fighting between Israel and Hezbollah, the Iran-backed Lebanese militant group, marks a hopeful diplomatic moment after nearly 14 months of conflict. Gerges said that the inclusion of the US in the cease-fire monitoring process "complicates" matters. The cease-fire agreement will not stop the fighting in Gaza, though President Joe Biden said on Wednesday that the US will make "another push" to broker a deal there.

Persons: Gerges, Israel, Benjamin Netanyahu, Paul Salem, Salem, Hassan Fadlallah, Ozcelik, Hezbollah's, Joe Biden Organizations: Hezbollah, Israel, London School of Economics, United Nations, Lebanese, Middle East Institute, Guardian, Royal United Services Institute Locations: Israel, France, Iran, Lebanese, Lebanon, Syria, East, Gaza

☆ Ukraine had to recall 100,000 artillery shells amid complaints they'd get stuck in launchers and weren't exploding
▼ + stars: | 2024-11-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Ukraine's defense ministry issued a recall of 120mm artillery shells this week, citing defects in a recently delivered batch of rounds. The defective 120mm rounds — light artillery shells that Ukraine typically uses in mortars — were first reported in early November by Censor.Net, a local media outlet run by journalist Yuriy Butusov. Ukroboronprom and the Ukrainian Defense Ministry did not respond to requests sent outside regular business hours by Business Insider. Globally, Ukraine's allies have also struggled to quickly scale up production of artillery shells. On November 19, Ukrainian President Volodymyr Zelenskyy said domestic factories had produced 2.5 million artillery shells and mortar rounds in 2024 alone.

Persons: Censor.Net, Yuriy Butusov, Yuriy Nikolov, Ukroboronprom, Suspilne, Volodymyr Zelenskyy Organizations: Factory, Local, TSN, NATO, Ukroboronprom, Ukrainian Defense Ministry, Business, Suspilne Locations: Ukraine, Ukrainian

The best Black Friday Spanx dealsSpanx PerfectFit Ponte Flare Pant $103.60 $148.00 Save 30% The material is a comfortable, versatile, and machine-washable Ponte fabric that's smoothing but not constricting, similar to yoga pants. View at SpanxSpanx AirEssentials Half-Zip $82.60 $118.00 Save 30% We love Spanx AirEssentals for the breathable fabric, stylish cut, and huge variety of color availability. View at SpanxSpanx Invisible Mid-Thigh Short $40.60 $58.00 Save 30% Wear these medium-compression shorts under your ensemble for a smoothing effect. View at SpanxFAQs about Spanx Black Friday saleWhen does the sale start and end? Check out our roundup of all of the best Black Friday deals .

Persons: We've, Spanx, we've, AirEssentals, Kaplan, Spanx’s, They're, ”, Sally Kaplan Organizations: Business, Spanx

☆ 56% of Americans say their parents never discussed money with them. How experts recommend getting the conversation started
▼ + stars: | 2024-11-27 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

As families gather for Thanksgiving this year, money is one topic that likely won't be discussed. Yet experts say it's a perfect time to start the conversation, particularly with aging parents. More than half of Americans — 56% — say their parents never discussed money with them, according to a recent Fidelity survey of 1,900 adults ages 18 and up. For the wealth they do have, most Americans say they accumulated it on their own, with 80% identifying as self-made and only 5% saying they inherited it, Fidelity found. 1 sign of successYet experts say that not having a plan in place can leave individuals and their families vulnerable when unexpected events happen.

Persons: —, David Peterson, Peterson, Warren Buffett, MaryAnne Gucciardi, Gucciardi, there's Organizations: Fidelity, Finance Locations: Cambridge , Massachusetts

☆ Maye Musk welcomes Elon's bromance with Donald Trump and says they 'just seem to be having fun'
▼ + stars: | 2024-11-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk and the president-elect are having "a lot of fun," she said. Maye Musk called her son "the genius of the world" and backed him to slash government waste. Elon Musk and Donald Trump are two of the world's wealthiest and most powerful men. Musk's mother, Maye, commented on their budding bromance in an interview on Fox Business this week: "They just seem to be having fun, a lot of fun, and that's nice for both of them to have fun." However, the negative comments are very… pic.twitter.com/lWLiG1mqfs — Maye Musk (@mayemusk) November 4, 2024Many mothers champion their children and sing their praises, and Maye is no exception.

Persons: Donald Trump, Elon Musk, Maye Musk, Musk, Maye, Elon, dietitian, she's Organizations: Fox, Elon, Trump, White House, Fox Business, SpaceX, Bloomberg, Trump's, USA Locations: America, New York, Lago, Florida, Texas

☆ Walmart is ramping up its efforts to get you to shop on your TV this holiday season
▼ + stars: | 2024-11-27 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

It's ramping up its efforts this holiday to get people to shop while watching TV. Walmart is making its biggest push yet this holiday season to get people to shop while watching TV by debuting its first feature-length movie. Walmart didn't share specific results of last year's experiment but made some key tweaks this time around:AdvertisementFirst, "Jingle Bell Love" is a feature film. Add the fact that shoppable TV doesn't always fit neatly into ad agencies' buying practices, and it's been slow to take off. Walmart"Jingle Bell Love" isn't the only way Walmart will try to get people to shop from their TVs this holiday season.

Persons: It's, Jack Cooper, Joey McIntyre, Michelle Morgan, it's, Aimee Roesler, NBCUniversal, there's, Chris Vollmer, UTA's MediaLink, Roku, we've, Roesler, Gilmore, Stuart Little Organizations: Walmart, CMT, Paramount, YouTube Locations: Walmart.com

☆ The Miss Universe runner-up made history for Nigeria. After online attacks about her nationality, she felt she had 'a point to prove.'
▼ + stars: | 2024-11-27 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +7 min

She previously competed at Miss South Africa but withdrew following online attacks on her nationality. Adetshina is now the first-ever Miss Africa and Oceania, a new title awarded by a panel of Miss Universe judges. AdvertisementIt's been a tumultuous journey for the 23-year-old, who almost didn't reach the Miss Universe stage after she withdrew from Miss South Africa following online attacks about her Nigerian name. 'People felt I wasn't South African enough'Chidimma Adetshina at Miss Universe Nigeria boot camp in August. While Adetshina felt like she had a "point to prove" to her online critics, she also realized she had a point to prove to herself.

Persons: Chidimma Adetshina, Adetshina, Instagram, It's, FAWAZ OYEDEJI, Gayton McKenzie, —, McKenzie, BENSON IBEABUCHI, I've, I'm, she'd, Hector Vivas, Nigeria Victoria Kjaer Theilvig, Chidimma, Miss Denmark Victoria Kjaer Theilvig Organizations: Miss, Business, Miss Nigeria, Miss Universe, Getty, Miss South, Miss SA, Africa's Department of Home Affairs, The, of Home Affairs, BBC, Department of Home Affairs, Adetshina, Mexico City, Nigeria Victoria, Miss Denmark Victoria Locations: Nigeria, Africa, Oceania, Mexico City, Miss Universe Nigeria, AFP, Miss South Africa, Soweto, South Africa, African, Western Province, Miss Nigeria, Mexico

☆ Why exchange-traded funds are a 'growth engine' of active management
▼ + stars: | 2024-11-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Meanwhile, active mutual funds lost money in all but one year (2021); they shed $344 billion in the first 10 months of 2024. "We see [active ETFs] as the growth engine of active management," said Bryan Armour, director of passive strategies research for North America at Morningstar. As a result, passive funds have attracted more annual investor money than active funds for the past nine years, according to Morningstar. watch nowBut, for investors who prefer active management — especially in more niche corners of the investment market — active ETFs often have a cost advantage versus active mutual funds, experts said. "They are a tiny portion of active net assets but growing rapidly at a time when active mutual funds have seen pretty significant outflows," he said.

Persons: Tang Ming Tung, Bryan Armour, it's, Morningstar, It's, Jared Woodard, Armour Organizations: Getty, Morningstar, North America, P, Bank of America Securities

☆ 'Moana 2'-led Thanksgiving box office could be best in post-pandemic era
▼ + stars: | 2024-11-27 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

The domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator. Disney's "Moana 2" is set to hit theaters Wednesday and generate between $120 million and $150 million in box office receipts in the U.S. and Canada through Sunday. Box office analysts believe the five-day Thanksgiving weekend, which runs from Wednesday to Sunday, should easily clear $200 million in ticket sales and could even become the second- or third-highest Thanksgiving period in cinematic history. After ruling the Thanksgiving box office for years with titles from Pixar and Disney Animation, it's failed to live up to expectations with its recent string of releases. In 2016, "Moana" opened over the Thanksgiving holiday, generating $82.1 million.

Persons: It'll, Universal's, Shawn Robbins, that's, Ralph, Paul Dergarabedian, it's, Coco Organizations: Fandango, Pixar, Disney Animation, Disney, Comcast, CNBC Locations: U.S, Canada, Comscore, NBCUniversal

☆ 'Dungeons & Dragons' is a cornerstone of big-business nerdworld. A top exec says Wizards of the Coast has a plan to keep the game hot for 50 more years.
▼ + stars: | 2024-11-27 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +6 min

BI spoke to a Wizards of the Coast executive to hear how the company is trying to keep "D&D" hot. For half a century, the game of "Dungeons & Dragons" has been a cornerstone of the nerdy experience. Fresh contentWOTC's plan centers on refreshing D&D's core content, including rulebooks like the "Player's Handbook" (PHB), "Monster Manual," and "Dungeon Master's Guide." Lanzillo highlighted one of WOTC's major ongoing collabs: "The Twenty-Sided Tavern," an off-Broadway theater production that's a live, stage-play version of a "D&D" game. AdvertisementDavid Carpenter, the creator of "Twenty-Sided Tavern," told BI that the show involves the audience using software to participate in the two-and-a-half-hour-long program.

Persons: It's, Elon Musk, it's, Chris Cocks, Jess Lanzillo, We've, Lanzillo, WOTC, k0gr6kMDXC, —, Matthew Mercer, — there's, who've, that's, David Carpenter, Carpenter, Bronwen Sharp Felicia Day, Iyengar, Erika Ishii, Gen Organizations: Coast, Hasbro, WOTC, Lanzillo Locations: Converse, New York, North America

☆ Say hello to your new coworker: Autonomous AI agents are coming to banks
▼ + stars: | 2024-11-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Demand for AI agents is giving birth to a new class of startups and VCs hungry to invest in them. It was a topic of conversation at the Evident AI Symposium in New York on Thursday. To take AI agents a step further, technologists and startup investors are fueling a shift to so-called multi-agent systems that coordinate several AI agents to complete more complex tasks more autonomously. Well, that's still being worked out, according to a number of tech executives at the Evident AI Symposium Thursday. Heitsenrether, speaking at the Evident AI conference, told the audience that, over time, she expects AI to be seamlessly embedded in an employee's workflow.

Persons: Danny Goldman's, Michael Lacorazza, Mako, It's, Jamie Dimon, Teresa Heitsenrether, Wall, they're, Gabriel Stengel, Kristin Milchanowski, Ganesh Organizations: Finance, Mako, Khosla Ventures, Bank, Goldman, JPMorgan, BMO Financial Group, of Cambridge Locations: New York, OpenAI

☆ The Magnificent Seven ETF is teetering. What the charts say will happen next
▼ + stars: | 2024-11-27 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

What are the odds that the Roundhill Magnificent Seven ETF (MAGS) ETF can reclaim its leadership status? This is important, given that MAGS has proven it can take advantage of short-term bullish trade set ups recently. Below are daily relative charts vs. MAGS for each component. First, the leaders: TSLA's recent spike prompted a parabolic move vs. MAGS, too. AAPL, MSFT, META and GOOGL have been clear underperformers vs. MAGS for months now.

Persons: haven't, MAGS, that's, TSLA, NVDA teetering Organizations: CNBC, NBC UNIVERSAL

☆ Guy Fieri says that when his youngest son comes home from college, he 'sets a menu' for what he wants to eat
▼ + stars: | 2024-11-27 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

AdvertisementGuy Fieri's youngest son, Ryder, gets to choose what the family eats whenever he's back from college. That's because food "just doesn't taste the same as it does at home," Fieri told People, recalling his son's words. Guy Fieri's youngest son, Ryder, is back from college and ready to indulge in his dad's cooking. And I'm like, man, that brings tears to my eyes," Fieri told People. Although his youngest son currently lives in a college dorm, Fieri says he "can't wait" for him to get an apartment.

Persons: Guy Fieri's, Ryder, Fieri, There's, he's, He'll, Hunter, Lori, Cristine Struble Organizations: UCLA, San Diego State University, US Naval Academy, San Diego, Food Network, Food, University of Massachusetts Amherst, Virginia Tech, Business Locations: San Diego State, America

☆ FBI agent accused of multiple rapes was found not guilty of attempted murder 2 years ago
▼ + stars: | 2024-11-26 | by ( Antonio Planas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Michael-Kosnar-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +4 min

An FBI agent was arrested and charged with multiple counts of sexual assault two years after he was acquitted of attempted murder. Two women allege they were raped inside a tattoo studio, and police say Valdivia may be have additional victims. The woman returned for a second shoot at a nearby hotel and was again sexually assaulted by Valdivia, police said. The FBI Washington Field Office s noaid in a statement the agency is cooperating with Montgomery police in their investigation of Valdivia. Valdivia told the man, “Watch your mouth,” and the man turned around and approached Valdivia, who told him to back up multiple times prior to the shooting.

Persons: Eduardo Valdivia, “ Lalo Brown, ”, Lalo Brown, Valdivia, Nicholas Augustine, Valdivia's, “ Organizations: FBI, Montgomery County Police Department, Police, DC, Washingtonian, Valivida, that's, Detention, FBI Washington Field, Montgomery, Metro, NBC Washington, NBC, “ Locations: Gaithersburg , Maryland, Montgomery, Valdivia, Gaithersburg, Montgomery County, Bethesda , Maryland, NBC Washington

Many U.S. retailers are hoping to put the fall quarter behind them. But she said the company has begun to see holiday sales momentum now that the vote is over — with particular demand for computers, tablets and sales in its services department. Among those expecting stronger holiday sales Tuesday was Abercrombie & Fitch, which continues to see a sales renaissance. The trendy apparel chain now expects holiday quarter sales growth of 5% to 7%, ahead of the 4.8% growth that analysts had expected, CNBC reported. It also lifted its sales growth guidance for the full year.

Persons: Corie Barry, ” Barry, it's Organizations: U.S, GOP, Republicans, Conference Board, Abercrombie, Fitch, CNBC, New York Stock Exchange, Philadelphia Federal Reserve Locations: Burlington, U.S

☆ Police departments across U.S. are starting to use artificial intelligence to write crime reports
▼ + stars: | 2024-11-26 | by ( Barbara Booth | ) www.cnbc.com time to read: +8 min

"When I first tested it myself, I was absolutely floored, because the draft report was incredibly accurate. "If the police officer is going to rely on artificial intelligence [to draft the report], that report should be reviewed," said New York trial attorney David Schwartz. Axon competitors Truleo and 365 Labs are positioning their AI tools as quality-focused aids for officers rather than time savers. Still, she says "I don't think the genie is going back into the bottle. Schwartz believes that while AI reports could be admissible, they open the door for intense cross-examination.

Persons: Fort, Rick Smith, Robert Younger, Stephanie Pitcher, Parker, McConkie, David Schwartz, Smith, Keith Olsen, —, Olsen, Anthony Tassone, 365Labs, Mohit, Cassandra Burke Robertson, Schwartz, it's, Adam Rosenblum, Sergeant Younger, Fort Collins, I've, that's Organizations: East Palo, Fort Collins Police Department, it's, New York, Center, Case Western Reserve University School of Law, Fort Locations: Fort Collins , Colorado, Lafayette , Indiana, East, East Palo Alto , California, Utah, York, New Jersey

☆ The Fed's favorite inflation gauge is out Wednesday. It could show some bad news on prices
▼ + stars: | 2024-11-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At a time when most Federal Reserve officials see lower interest rates head, a key report on Wednesday is expected to show inflation drifting further away from target. The Commerce Department will release the October look at its personal consumption expenditures price index, the Fed's primary yardstick to measure the pace of price increases. "Recent data show progress on inflation has slowed," Brett Ryan, senior U.S. economist at Deutsche Bank, said in a note. "Recent wage data shows gains remain elevated and suggests core inflation is unlikely to cool near the Fed's 2% target," BlackRock experts said Monday in their weekly market note. "Markets have been pricing out Fed rate cuts — and moving closer to our view — as it becomes clearer that inflation pressures could prove persistent."

Persons: Dow Jones, What's, Donald Trump's, Brett Ryan Organizations: Federal, Commerce Department, Deutsche Bank, BlackRock

☆ We knew Best Buy's quarter and guide would be weak. Here's our plan for the stock
▼ + stars: | 2024-11-26 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

BBY YTD mountain Best Buy YTD These were not the results we wanted from Best Buy, but they are the numbers we had expected. Best Buy stock below $80 would push the dividend yield up to just under 5% — a nice payout for our patience. We still believe in the stock because Best Buy should benefit once mortgages drop and housing turnover picks up. Best Buy Why we own : We believe Best Buy will prove to be a go-to destination for consumers looking to upgrade hardware, much of which was purchased during Covid, to new AI-powered devices. In the Best Buy app, the company also launched the "Best Buy Gift Finder," an AI-powered gifting guide to help consumers find new products.

Persons: Jim Cramer, it's, Donald Trump, Jim, Corie Barry, Barry, Matthew Bilunas, Jim Cramer's, David Paul Morris Organizations: Revenue, LSEG, Target, Walmart, Amazon, Costco, Enterprise, Black, Microsoft, Meta, Management, CNBC, Bloomberg, Getty Locations: Tuesday's, Union City , California

☆ Small caps historically outperform even the Santa Claus rally, starting before Thanksgiving
▼ + stars: | 2024-11-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

The weeks heading into year-end often mark a bullish time for stocks, and smaller companies especially might be poised for outperformance. With that in mind, Jeffrey Hirsch, editor-in-chief of the Stock Trader's Almanac, believes investors should buy small caps from the Tuesday before Thanksgiving this year and hold them until Jan. 3rd, 2025. The tendency for small caps to outperform large caps from mid-December through January, combined with the so-called Santa Claus rally right around Christmas, can bolster small-cap growth stocks, Hirsch said. That rally "rhymes with the post-2016 election move," according to John Hancock Investment Management co-chief investment strategist Emily Roland. He's really focused more on the food companies, eating healthier, vaccine companies and just making sure they're held to the same standards."

Persons: Jeffrey Hirsch, Jan, Hirsch, Santa Claus, Donald Trump's, Russell, What's, Emily Roland, Julie Biel, Kayne Anderson, Biel, Gregg Fisher, Matt Unger, Robert F, Kennedy Jr, Unger, they're Organizations: Stock, CNBC, Regional Banking, John Hancock Investment Management, Quent, Osterweis Opportunity, Trump, Department of Health, Human Services, RFK Locations: Santa

☆ Many digital health startups are quietly raising down rounds and closing up shop. Here's why.
▼ + stars: | 2024-11-26 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +9 min

Now, VCs say many digital health startups are cutting their valuations to live another day. As of mid-November, PitchBook data shows 327 digital health startups that grabbed funding in 2021 but haven't raised since. Not even the AI boom, which has brought back-to-back fundraises for hot healthcare startups like Abridge, can make up for the discrepancy. "There are more digital health companies that are selling assets, selling people, or whatever they can," said Greg Yap, a partner at Menlo Ventures. AdvertisementVCs told BI they're pushing the next generation of healthcare startups for better discipline in balancing growth with profits.

Persons: haven't, Greg Yap, Doba Parushev, CareFirst, Parushev, Jenny Chang, Rodriguez, Alyssa Jaffee, she's, that's, Ruth, Alison Greenberg, Healthworx's Parushev, Forward's, Rob Price, Axios, LetsGetChecked, Galym, Yap, cofounders Umar Afridi, Sid Viswanathan, VCs Organizations: Healthcare, Business, Menlo Ventures, Healthworx Ventures, Getty, Ruth Health, Carta, Optum Ventures, Lightspeed Ventures Partners, Omada, Walgreens, Walmart Locations: Forward's San Francisco

☆ Dick's Sporting Goods posts robust holiday guidance
▼ + stars: | 2024-11-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

The Dick's Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Dick's Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an "excellent" back-to-school shopping season and better-than-expected comparable sales for its third quarter. The sporting goods giant is now expecting fiscal 2024 same-store sales to grow between 3.6% and 4.2%, up from a previous range of 2.5% to 3.5%. Dick's said the strong quarter led it to also raise its full-year sales and earnings guidance. It's now expecting full-year earnings per share to be between $13.65 and $13.95, ahead of previous guidance of $13.55 to $13.90.

Persons: Lauren Hobart, Hobart, StreetAccount, Dick's, It's Organizations: Dick's Sporting Goods, LSEG Locations: Daly City , California

☆ Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico
▼ + stars: | 2024-11-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. BEIJING — President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social. The post immediately followed one in which Trump said his first of "many" executive orders on Jan. 20 would impose tariffs of 25% on all products from Mexico and Canada. He cited illegal immigration and illicit drug trade as reasons for the tariffs. "I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail," Trump said.

Persons: Donald Trump, Trump Organizations: Bund, BEIJING —, United Locations: Shanghai, China, BEIJING, U.S, Mexico, Canada, United States, Beijing, Washington

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