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Some attendees said they expected the evening to be like The Queen’s Ball: A Bridgerton Experience, an event affiliated with Netflix and Shondaland that is held in various cities across North America. The Detroit Bridgerton Themed Ball is also not affiliated with the show. As far as how organizers can rectify the situation, many attendees said they want their money back. Screenshots shared by some attendees in a Facebook group for the event suggest the tickets ranged in price between $119 and $1,000. “I spent so much on a look for this event,” Whitfield said.

Persons: “ Bridgerton, Netflix —, “, Myster Whitfield, eventgoers, Whitfield, Willy Wonka, Charlie, Chelsea Beard, ” Beard, Daphne, ”, Kimberly Pineda, ” Pineda, “ It’s, ” Whitfield, Rakisha Johnson, ” Johnson, Johnson, wasn’t, didn’t, haven’t, Pineda, Beard Organizations: Netflix, NBC News, Factory, WXYZ, “, Detroit Locations: Detroit, Glasgow, Scotland, North America, Instagram

☆ We're upping our price target on Costco after another steady quarter fortifies our thesis
▼ + stars: | 2024-09-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.

Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California

☆ Stock futures are little changed as traders brace for Fed’s preferred inflation reading: Live updates
▼ + stars: | 2024-09-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading. Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures . In the fiscal fourth quarter, the warehouse retailer reported earnings of $5.29 per share on $79.70 billion in fourth-quarter revenue. The so-called PCE is the Federal Reserve's preferred inflation metric, and policymakers and Wall Street alike are hoping for figures that show a cooling trend. The three major indexes are higher for the week, with the S&P 500 up nearly 0.8% and the 30-stock Dow Jones Industrial Average on pace to rise 0.3%.

Persons: LSEG, Jeffrey Roach Organizations: NYSE, Stock, Dow Jones, Nasdaq, Costco Wholesale, Financial, Traders Locations: U.S

☆ In this close election, these reshoring bets are likely to succeed no matter who becomes president
▼ + stars: | 2024-09-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Trade will work regardless Yet, reshoring is the one macroeconomic trade that will work no matter who wins the White House, according to Societe Generale. Last year, there were 287,000 reshoring and foreign direct investment job announcements, the second-highest year on record, according to the Reshoring Initiative . "One trade that has worked under both of the last two administrations is our US Reshoring 'beneficiary' equities," Kabra wrote. The company provides industrial automation products and services. The industrial conglomerate has a hand in a range of industries, including industrial automation solutions and building automation.

Persons: Donald Trump, Trump, Kamala Harris, John Deere, Harris, Dan Levy, Manish Kabra, Kabra, reshoring, Morgan Stanley, Blake Moret, Jill Carey Hall, Michael Feinger, Feinger, Peter Matt Organizations: Barclays, Societe Generale, Science, Generale's, China, Reshoring, Trump, Packaging Corporation of America, Cummins, Rockwell Automation, Honeywell, Bank of America, Eaton, Steel Dynamics, United Rentals, Commercial Metals Locations: United States, Mexico, China, U.S, reshoring, Midwest

SHENZHEN, China — Chinese vendor Yin Xinwei sometimes makes close to $1,400 a day selling low-priced pill boxes, barbecue spits and other items to U.S. online consumers. Each year hundreds of millions of packages, mostly from Chinese platforms, are sent directly to American consumers eager to take advantage of rock-bottom prices on clothing, electronics and other products. That could mean painful times ahead for the Chinese sellers that supply the platforms — and higher prices for American consumers. Chinese state media has criticized the proposal as protectionist and say it will hurt American consumers. Yin used to sell to Chinese consumers but has given up his domestic business to focus entirely on the overseas market.

Persons: Yin, ”, ” Yin, David Townsend, Dorsey, Trump, Biden, ” Townsend, Temu, “, Jacky Lu, Shein, Eunice Yoon, Jennifer Jett Organizations: CNBC, Whitney, PDD Holdings, White, U.S . Customs, U.S Locations: SHENZHEN, China, Shenzhen, United States, U.S, Singapore, Boston, Hong Kong, Europe, “

☆ Texas lawsuits keep challenging guaranteed basic income programs, calling no-strings-attached cash 'unconstitutional'
▼ + stars: | 2024-09-24 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Read previewTexas Attorney General Ken Paxton is calling guaranteed basic income "unlawful." This new lawsuit comes after Paxton sued the county in April over another guaranteed basic income pilot called Uplift Harris. Some Texas lawmakers have called guaranteed basic income socialist, or a means to "hand out money like popcorn." Related storiesPaxton's lawsuit could impact the livelihoods of GBI participantsFor many participants, guaranteed basic income is a financial safety net. Have you participated in a guaranteed basic income program?

Persons: —, Ken Paxton, Paxton, Harris, St . Louis, Harris County Attorney Christian D, Menefee, Delwin Sutton, Sutton, Rodney Ellis, Ellis Organizations: Service, Prosperity, Texas Supreme, Business, Attorney's, General's, Texas, Republican, Harris County Attorney, Community Prosperity Locations: Texas, Harris County, Harris, Houston, America, Arizona , South Dakota, Iowa, St .

☆ Harris’ Georgia challenge: reassembling Biden’s diverse 2020 coalition
▼ + stars: | 2024-09-24 | by ( John King | ) edition.cnn.com time to read: +12 min

Georgia voter Christine Nguyen and John King in Decatur, Georgia CNNRebel Teahouse is in Decatur, in reliably blue suburban DeKalb County just outside Atlanta. It is one of the places that helped Biden to his stunning, razor-thin 2020 Georgia win and is now a key test of whether Harris can assemble a similar winning coalition. “Absolutely no,” was Gardner’s answer when we asked whether the switch from Biden to Harris would make him rethink. Republican George W. Bush won 66% in Gwinnett in 2004; in 2020, Biden carried the county with 58%. CNNLike Ngyuen, Hallmon sometimes finds herself in debates over whether Harris or Trump is better for small business and the overall economy.

Persons: Kamala Harris, Christine Nguyen, “, ” Nguyen, That’s, Nguyen, Joe Biden, Donald Trump, Harris, –, John King, Biden, Trump, Biden’s, Kamala, ” Harris, ”, Jan Gardner, ” John King, Suresh Sharma, CNN Suresh Sharma, ” Sharma, Sharma, Republican Mitt Romney, Cobb, ‘, Harris Chantá Villano, Willis, Villano, I’ve, ” Villano, ” Willis, ” Kim Cavaliere, Republican George W, Bush, Cavaliere, ” Cavaliere, ” Hallmon, Hallmon, ’ Hallmon, Martin Luther King Jr, Lakeysha Hallmon, that’s Organizations: Georgia CNN, Biden, Trump, Democratic, Decatur , Georgia CNN, Black, White, CNN, Statewide, American, Pacific Islanders, NASA, General Electric, Republican, Republican Party, Washington, Retail, Sears, Ward Locations: Decatur, Georgia, battlegrounds, Decatur , Georgia, DeKalb County, Atlanta, United States, India, Jamaica, Vietnam, Marietta, Cobb County, Mexico, Powder Springs, MAGA, cryptocurrencies . Georgia, Powder Springs , Georgia, Massachusetts, Gwinnett County, Gwinnett, Ponce City, Atlanta’s

☆ Ukraine's strike on a missile storage facility destroyed enough ammo to impact Russian attacks for months, experts say
▼ + stars: | 2024-09-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Ukraine struck a Russian missile storage facility in Russia's Tver region last week. Analysts said it destroyed enough ammo to impact Russian attacks for two to three months. The Institute for the Study of War said more strikes would cause operational pressures for Russia. AdvertisementUkraine's strike on a Russian missile storage facility in Russia's western Tver region destroyed enough ammunition to impact Russian attacks for months, military analysts said. The Institute for the Study of War made the assessment in an update on Sunday, based on Estonian estimates.

Persons: —, Ants Kiviselg Organizations: Analysts, Service, Estonian Defense Forces Intelligence Center, Business Locations: Ukraine, Russian, Russia's Tver, Russia, Russia's, Tver, Toropets

☆ Satellite images show the aftermath of a Ukrainian strike on a Russian arsenal, which blew up with the strength of a small earthquake
▼ + stars: | 2024-09-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewNew satellite images show extensive damage at an ammunition depot inside Russia after long-range Ukrainian drones struck the facility. AdvertisementThe aftermath of a Ukrainian attack on a Russian ammunition depot in Toropets. Just days after the Toropets attack, over the weekend, Ukraine said it struck two more ammunition depots inside Russia. AdvertisementThe attacks over the past week mark Ukraine's latest long-range strikes targeting key military and energy facilities inside Russia. Britain's defense ministry said Russia's air defenses "continue to struggle with Ukrainian deep strike operations," even though Moscow claimed to have shot down dozens of Ukrainian drones in the Toropets attack.

Persons: — Organizations: Service, Business, Ministry of Defense, Security Service, Ukraine Locations: Russia, Toropets, Russia's, Tver, Ukraine, Russian, Ukrainian, Tikhoretsk, Krasnodar Krai, Kyiv, Moscow, Kursk

☆ Lebanon sees deadliest day of conflict since 2006 as Israeli strikes kill more than 356
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +5 min

The Israeli military said Monday evening it had carried out a targeted strike in Beirut. Lebanese Health Minister Firass Abiad told a news conference in Beirut the earlier strikes hit hospitals, medical centers and ambulances. The Israeli military announced it hit some 800 targets, saying it was going after Hezbollah weapons sites. Meanwhile, Hezbollah said in a statement that it fired dozens of rockets toward Israel, including at military bases. Lebanon's state-run National News Agency said the strikes hit a forested area in the central province of Byblos for the first time since the exchanges began.

Persons: Rabih Daher, Benjamin Netanyahu, Netanyahu, Abed, Hezbollah's, Firass Abiad, Mahmoud Zayyat, Daniel Hagari, Herzi Halevi, Israel, Halevi, Rafael, Ibrahim Aqil Organizations: Afp, Getty, Lebanese, National News Agency, Lebanese Health, Iran's, Guards, Hezbollah, Sunday, Hamas, Associated Press, Fighters Locations: Marjayoun, Lebanon, Israel, Sidon, Beirut, Lebanon's, Bekaa, Byblos, Lebanese, Syria, Haifa, Gaza, Iran, Beirut's

☆ Top Wall Street analysts find these stocks promising for the long haul
▼ + stars: | 2024-09-22 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors seeking stocks that can withstand short-term pressures and deliver over the long term should track the recommendations of top Wall Street analysts. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Recently, Baird analyst Colin Sebastian reiterated a buy rating on Take-Two Interactive stock with a price target of $172. He anticipates the mobile business will contribute around $3.1 billion, and catalog/live services will generate $2.5 billion in the full year. Benedict noted that the August comparable sales growth was sequentially steady compared to the 7.2% increase in July, as stronger traffic was offset by some moderation in average traffic growth.

Persons: Baird, Colin Sebastian, Max Payne, Sebastian, TipRanks, Peter Benedict, bullish, Costco's, Benedict, Doug Anmuth, Anmuth Organizations: Netflix, Wall Street, Costco Wholesale, Costco, JPMorgan Locations: Flora, TipRanks

☆ I moved to Bali and turned my life into a 'workcation.' There are struggles, but every day feels like a beach day now.
▼ + stars: | 2024-09-22 | by ( Kaila Yu | ) www.businessinsider.com time to read: +6 min

We stayed for 10 months and fell in love with the place for its optimal work-life balance and gorgeous weather. My current job understands my remote work lifestyle and allows me to work from anywhere. AdvertisementI miss being close to my family, but I don't miss MelbourneI don't miss Melbourne much, except for being close to family and friends. However, remote work in digital marketing has allowed me to turn my life into a workcation. I've found a way to balance work and leisure, making every day feel like a beach day.

Persons: —, Eliot Davenport, It's, I've, OnlyFans influencers, Manseen Logan Organizations: Service, Business, Bali, pats, Melbourne Locations: Melbourne, Australia, Guatemala, Peru, Colombia, Brazil, South Africa, Spain, Albania, United States, Croatia, Bali, Menjangan, West Bali, Amed, North, America, Orange County, Savannah , Georgia, mlogan

☆ Boeing machinists on picket lines prepare for lengthy strike: 'I can last as long as it takes'
▼ + stars: | 2024-09-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +7 min

Matt Mills Mcknight | ReutersRENTON, Wash. — Cash-strapped Boeing is facing mounting costs from an ongoing machinist strike as workers push for higher pay. The financial cost of the strike on Boeing depends on how long it lasts, though ratings agencies have warned that the company could face a downgrade if it drags on too long. Boeing 737 Max planes sit at the airport in Renton, Washington. Boeing Machinists union members count votes to accept or reject a proposed contract between Boeing and union leaders and whether or not to strike if the contract is rejected, at the Aerospace Machinists Union Hall in Seattle, Washington, on September 12, 2024. Boeing's most recent offer included 25% general wage increases over a four-year deal and was endorsed by the machinists union, the International Association of Machinists and Aerospace Workers District 751.

Persons: Matt Mills Mcknight, Cash, Boeing machinists, Boeing hasn't, Kelly Ortberg, Leslie Josephs, Louis, Jake Meyer, Meyer, Ron Epstein, Jason Redmond, today's, Ortberg, Biden, Pete Buttigieg, CNBC's Organizations: Boeing, Reuters, CNBC, Max, state's, Financial Management, Federal Reserve Bank of St, Bank of America, Aerospace Machinists, Hall, AFP, Getty, International Association of Machinists, Aerospace Workers, Workers Locations: Renton , Washington , U.S, Reuters RENTON, Wash, Seattle, Pacific Northwest, Renton , Washington, Renton, machinists, Washington, South Carolina, Seattle , Washington, Pacific, Oregon

☆ Ikea's fleet of 250 autonomous drones takes stock of warehouse inventory without any human intervention
▼ + stars: | 2024-09-20 | by ( John Kell | ) www.businessinsider.com time to read: +9 min

Three years ago, a drone took flight at an Ikea warehouse in Switzerland for the first time. They're more self-sufficient, too: For every 10 minutes that a Verity drone is in flight, it charges for 20 minutes. Ikea's investments in Verity's drone technology fit into its broader strategy to explore and test newer supply-chain technologies. Jönsson added that deploying drones has allowed employees to have more time for analyzing inventory data. Before using warehouse drones, workers would check thousands of pallets repeatedly in order to manage inventory.

Persons: Verity, —, Raffaello D'Andrea, — there's, Uber, Jeff Bezos, Bezos, Domino's, there's, DroneUp, D'Andrea, Verity hasn't, it's, Moller, Erik Jönsson, they're, haven't, Jönsson Organizations: Ikea, Chain Management, Service, Amazon, Walmart, Companies, McKinsey & Company, McKinsey, Ikea's, Ingka, Maersk, Samsung Group, Ingka Investments, Nvidia, Federal Aviation Administration, Investors, Kiva Systems, Amazon Robotics, Qualcomm Ventures, A.P, Moller Holding, Exor Ventures Locations: Switzerland, Swiss, Dutch, —, Zealand, Arizona , Florida, Utah, Dallas

☆ China-Mexico freight traffic surges in Trump, Biden tariff era, as companies find ways to evade U.S. trade war
▼ + stars: | 2024-09-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +16 min

Patrick T. Fallon | AFP | Getty ImagesNew data shows a surge in trade between China and Mexico at a time of tough tariff talk during the presidential campaign. This nearshoring of manufacturing enables companies to change a product's origin of goods, also referred to as the "economic nationality" of a product. Data from freight analytics firm Xeneta shows China to Mexico container trade up by 26.2% from January to July 2024, after growing by 33% in 2023. Mexico is also a member of the Pacific Alliance, a trade bloc formed by Mexico, Chile, Colombia, and Peru. "Bilateral tariffs should be expected to lead to trade diversion, and that's exactly what happened in the aftermath of the trade war.

Persons: Patrick T, Fallon, Jordan Dethwart, Mary Lovely, Anthony Solomon, Simon Cohen, Peter Sand, Donald Trump, Trump, John Piatek, Biden, Piatek, Lovely, Moody's, Elon Musk, Musk, Tesla, Sand, Charles Van der Steene, Van der, Mexico —, Freightos, Erica York, York, Tim Robertson, Ian Arroyo, Arroyo, Saul Loeb Organizations: El, El Paso Sector, AFP, Getty, U.S, Companies, Peterson Institute for International Economics, Henco Logistics, European Union, European Free Trade Area, Pacific Partnership, Pacific Alliance, GEP, Motive, BMW, Ford, GM, Kia, gigafactory, Volvo, Pirelli, Michelin North America, Hyundai, SFK USA, Maersk, Bureau of Transportation Statistics, CNBC, United, Pacific, Port, U.S ., ITS Logistics, Tax, DHL Global, Dana, Afp Locations: El Paso, Mexico, New Mexico, Chihuahua, Sunland Park , New Mexico, China, Redwood Mexico, United States, Canada, U.S, Japan, Israel, Latin America, Chile, Colombia, Peru, USA, propping, Laredo , Texas, El Paso , Houston, San Diego, Monterrey, Fremont , California, Austin , Texas, Americas, Mexican, Monterrey . Mexico, East, lading, Maersk North America, Tijuana, El Paso , Texas, Pacific Coast Port, Lazaro, Laredo, Monterrey , California, U.S . West, U.S . East, Gulf, West Coast, Asia, Mexico City, Warren , Michigan

☆ Doctors overwhelmed by blast injuries as civilian impact of device explosions sparks outcry
▼ + stars: | 2024-09-19 | by ( Charlene Gubash | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +6 min

BEIRUT — Hospitals in Lebanon are packed with people whose hands and eyes have been dealt serious injuries. The streets of Beirut appeared largely back to normal Thursday, but people NBC News spoke with expressed fear and concern. Relatives mourn 9-year-old Fatima Abdallah, who was killed after hundreds of pagers exploded in a deadly wave across Lebanon. He went on to call it an act of war against Lebanon, but did not specify how or when Hezbollah would retaliate. Although designated a terrorist organization by the U.S. and Israel, Hezbollah is also a political party in Lebanon, embedded in the country’s civilian structures.

Persons: Israel, Fatima Abdallah, Hassan Nasrallah, ”, Salah Zeineldine, Elias Jrade, Jrade, John Brennan, NBC’s, Lama Fakih, Marwan Naamani, ” Fakih, Fakih, Anwar, Volker Türk, Charlene Gubash, Yuliya Talmazan, Shira Pinson Organizations: Hezbollah, NBC, Getty, CIA, NBC News, American University of, American University of Beirut Medical Center, AFP, U.S, United, Human Rights, American University, Anwar Amro, United Nations Locations: BEIRUT, Lebanon, Beirut, AFP, American University of Beirut, WhatsApp, Israel, United Nations, East, North Africa, there’s, Beirut district, London, Tel Aviv

A Ukrainian drone attack on a Russian missile facility early Wednesday threw up towering fireballs visible from space and thundering detonations that triggered earthquake monitors. Officials on both sides said it was the result of a large Ukrainian drone attack on Toropets, a town in the Tver region around 230 miles from the Russian capital. Russian state media has previously reported that the military was building an arsenal for storing missiles and other explosives there. Russia’s air defense systems destroyed some 54 drones launched overnight against five western Russian regions, Russian state news agencies said, citing a report from Moscow’s defense ministry. Kyiv has increasingly been hitting back with drone attacks on what it says are military targets on Russian soil.

Persons: Igor Rudenya, Rudenya, George William Herbert, Volodymyr Zelenksyy Organizations: NASA, Security Service, NBC News, Reuters, Middlebury Institute of International Studies Locations: Ukrainian, Russian, Moscow, Tver, Norwegian, Ukraine, Monterey, California, Russia, Kyiv, United States, Washington, Kremlin

☆ Ukraine says it wiped a key Russian missile and artillery arsenal 'off the face of the earth' in long-range strikes
▼ + stars: | 2024-09-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewUkrainian forces used long-range drones to strike a key Russian ammunition depot overnight, destroying missiles, bombs, and artillery. The warehouse was "literally wiped off the face of the earth," the source said, according to a translation of their remarks. AdvertisementAn image of the Toropets facility on September 7. The facility after the Ukrainian attack on Wednesday. A former Ukrainian military officer who goes by the social media handle Tatarigami called the Toropets attack "a very significant achievement."

Persons: —, Russia's, Volodymyr Zelenskyy Organizations: Service, Security Service, Ukraine, Business, Arsenal GRAU, GRAU Arsenal, Defense Forces, Maxar Technologies, Technologies Locations: Toropets, Russia's, Tver, Moscow, Ukraine, Belarus, Tver Oblast, Russia, Ukrainian, Kyiv

☆ Amazon workers are finally getting free Prime memberships
▼ + stars: | 2024-09-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Amazon is raising pay for its more than 800,000 US warehouse and transportation workers and giving them Amazon Prime for free. Amazon will also offer the $139 yearly Prime benefit to employees for free. Amazon’s decision to raise wages is another sign of a tight jobs market for logistics workers, fueled by more Americans shopping online. The average hourly wage for transportation and warehouse workers rose to $30.79 in August, up 22% from August of 2020, according to the Labor Department. Rivals such as UPS, Walmart and Target have also bumped up wages for warehouse workers.

Organizations: New, New York CNN, Amazon, Labor Department, Rivals, UPS, Walmart, Target, Teamsters, Deloitte, Senate Health, Education, Labor, Pensions Locations: New York

☆ Amazon increases average pay for warehouse workers and adds free Prime membership perk
▼ + stars: | 2024-09-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon announced Wednesday it's raising wages for its hourly warehouse workers, and adding a new employee perk that will give them a Prime subscription at no extra cost. Starting this month, Amazon's average starting pay for front-line employees in the U.S. will be bumped to an average of more than $22 an hour, up from roughly $20.50 an hour, the company said. Amazon said it's also making its Prime subscription service a part of employees' benefit package beginning "early next year." The service, which costs $140 a year, gives members access to speedy shipping and video streaming, among other perks. Amazon said Tuesday it plans to host a second Prime Day-like deal bonanza on Oct. 8-9, the third year it's held the discount event.

Persons: Amazon, it's Organizations: Amazon Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon is using generative AI to deliver packages faster with smarter robots and better routesFor decades, Amazon has set the standard for fast package delivery. When Prime launched in 2005, two-day shipping was virtually unheard of. By March 2024, 60% of Prime items were delivered same or next day. Now Amazon wants to push that number even higher, using generative AI, despite concerns about energy and cost. CNBC got an exclusive look at Amazon's use of generative AI to optimize delivery routes, make more intelligent warehouse robots, and better predict where to stock new items.

Organizations: Amazon, CNBC

☆ Sam’s Club will raise pay to catch up with Costco
▼ + stars: | 2024-09-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Sam’s Club said Tuesday it will raise pay to incentivize workers to stay with the company — and not jump ship to Costco. Sam’s Club, the membership club arm of Walmart, will increase its minimum wage to $16 starting in November from $15 an hour. To keep and grow its membership, Sam’s Club must meet a higher bar for customer service than retailers open to everyone. “The thing that we’re trying to do here is create good jobs that turn into great careers,” Sam’s Club CEO Chris Nicholas told CNN. Warehouse clubs have also boomed since the pandemic in 2020, and Sam’s Club, Costco and BJ’s Wholesale Club have added millions of new members.

Persons: ”, Chris Nicholas, “, Daniel Schneider, Schneider, Sam’s, Sam’s Club’s, ” Nicholas Organizations: New, New York CNN — Sam’s, Costco, Sam’s, Walmart, Sam’s Club, ” Sam’s, CNN, “, Harvard University, BJ’s Wholesale Locations: New York, United States

☆ Amazon is using generative AI to drive more same-day shipping using smarter robots and better routes
▼ + stars: | 2024-09-17 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

Now, the retail giant is turning to generative AI to drive more same-day shipping. But not all the changes that generative AI may bring to the e-commerce giant are positive. Robots and new rolesThe number of Amazon warehouse robots grew from 350,000 in 2021 to more than 750,000 in 2023, according to the company. "They're using generative AI and computer vision to avoid obstacles and find the right place to stop," Armato said. Amazon's AI is three times better at identifying damaged products than humans are, the company said.

Persons: Steve Armato, Armato, Lisa Setyon, Tom Forte, Forte, it's, Katie Tarasov Organizations: Amazon, CNBC, Amazon's, Maxim, Senate Locations: California, Tracy, U.S, Tracy , California, Richmond , California

☆ Sam's Club is boosting its starting wage to $16 and speeding up raises for nearly 100,000 workers
▼ + stars: | 2024-09-17 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Walmart-owned Sam's Club is raising its starting wage to $16 and offering faster increases to workers. The warehouse club has boosted average wages by nearly 30% over the past five years. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrontline workers at Sam's Club are slated to get a raise ahead of the holidays. The Walmart-owned warehouse club said Tuesday it is bumping its starting wage from $15 to $16, as well as offering faster pay increases to workers based on their years with the company.

Persons: Chris Nicholas, — Organizations: Walmart, Sam's, Service, Business

☆ Democrats have been losing working-class voters. Here's one playbook to win them back.
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +5 min

A new report commissioned by a labor-backed group is examining a problem many Democrats might rather ignore: the exodus of working-class voters from the party they used to call home. Some voices on the left have downplayed the significance or even denied the loss of working class voters, but the data is increasingly clear and signs of realignment are everywhere. “We take the right wing and Republican Party seriously when they say they want to be the party of the working class,” Mitchell said. Too often, the report argues, working-class voters are thought of as white men without college degrees, likely involved in a trade like plumbing. If nothing else, Mitchell hopes the research will push Democrats to take seriously the erosion with working class voters and to move beyond one-size-fits all stereotypes when thinking about how to talk to working-class voters.

Persons: Donald Trump, “, Ohio Sen, JD Vance, Donald Trump’s, “ I’ve, MAGA, ”, Maurice Mitchell, it’s, ” Mitchell, Harris, Mitchell Organizations: Republican, Republicans, Working Families Party, Working, Democratic, NBC News, Republican Party, HIT, Biden Locations: Ohio, New York, ”

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