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☆ Visits to McDonald’s plunged after the E. coli outbreak
▼ + stars: | 2024-10-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Americans around the country avoided McDonald’s last week after an E. coli outbreak left dozens of people sick. On Wednesday, the day after the E. coli outbreak was announced, customer visits to McDonald’s dropped 6.4% across the country and 24% in Colorado, where the outbreak was most prevalent, according to Placer.ai, which tracks foot traffic to restaurants and retailers. “The issue appears to be contained to a particular ingredient and geography, and we remain very confident that any contaminated product related to this outbreak has been removed from our supply chain and is out of all McDonald’s restaurants,” McDonald’s said Sunday. The E. coli outbreak has overshadowed McDonald’s business and came as the chain was struggling to win back customers put off by higher prices. The quarter ended on September 30 and did not include sales following the announcement of the E. coli outbreak.

Persons: McDonald’s, ” McDonald’s, RJ Hottovy Organizations: New, New York CNN, Colorado Department of Agriculture, McDonald’s Locations: New York, Colorado, McDonald’s, United States

☆ Starbucks is getting rid of the olive oil coffee that Howard Schultz pushed
▼ + stars: | 2024-10-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks is eliminating its controversial olive oil-infused drinks from the menu, less than a year after they made their nationwide debut. “Rather than a flavor or a product, it’s really a platform.”Oleato was the brainchild of former CEO Howard Schultz, who got the idea after meeting with an olive oil producer who introduced him to the practice of consuming a tablespoon of olive oil each day. A pair of reviewers posted a video titled “We Tried Starbucks Olive Oil Coffee Drinks and Seriously Regret It.” Others had mixed feelings , but concluded that the drinks seem more like a stunt — something worth trying but not necessarily worth coming back for. The Oleato menu consists of two drinks: an oat milk latte infused with the extra virgin olive oil; and a toffee nut iced shaken espresso with golden foam, which is vanilla sweet cream infused with extra virgin olive oil into a cold foam. Schultz was effusive about the launch, and it was one of his most high-profile projects before leaving his position.

Persons: Brian Niccol, nix, Niccol, we’ve, ” Brady Brewer, “, Oleato, Howard Schultz, Schultz, Laxman Narasimhan, ” Narasimhan Organizations: New, New York CNN, Starbucks, CNN Locations: New York, Canada, Italy

☆ Influencers are playing a big role in the 2024 election. There’s no way to tell who’s getting paid for their endorsements
▼ + stars: | 2024-10-29 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +12 min

Angelo was paid by a Democratic political action committee for the post, a fact that’s clearly noted in the caption. Campaigning moves to social mediaIn 2024, political content posted by social media creators has become just as important as traditional celebrity endorsements — if not more. Together, the two organizations paid 15 social media creators to produce content encouraging Latinos to vote. Election advertisements are overseen by a different agency, the Federal Elections Commission, which lacks a similar disclosure rule for individuals who are paid to make endorsements on social media. Meta, the parent company of Facebook and Instagram, has since 2020 allowed paid political content from influencers, so long as the organization paying for it is registered in its ad library.

Persons: ” influencer Mikey Angelo, who’s, Angelo, they’ve, ’, they’re, “, ”, Krysten Stein, Jake Paul, Donald Trump, Trump, ” Paul, Tim Walz, Matt Nelson, Walz, Nelson, Paul, Kamala Harris ’, Harris, “ It’s, Danielle Butterfield, Butterfield, ” Butterfield, Influencers, Trump’s, Axios, Jack Posobiec, Riley Gaines, Tana Mongeau, Mongeau, she’d, ” Mongeau, they’d, Mitchell Katz, Ellen Weintraub, Shana Broussard, George W, Bush, aren’t, TikTok, Somos, Ari Cohn, ” Cohn, Robert Weissman, ” Weissman, Cate Domino, Domino Organizations: New, New York CNN, Democratic, influencers, Commission, Pew Research Center, University of Cincinnati Blue Ash College, YouTube, Convention, USA, Somos, CNN, NCAA, Democratic National Committee, Republican National Committee, Federal Trade Commission, Federal Elections Commission, FEC, Facebook, Public Citizen Locations: New York, Trump

☆ America’s largest newspaper chain, including USA Today, won’t endorse in 2024 presidential race
▼ + stars: | 2024-10-29 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —Gannett, owner of the nation’s largest newspaper chain, announced that its more than 200 publications, including USA Today, will not publish presidential endorsements in the run-up to the November 5 election. The newspapers aren’t alone in declining to publish presidential endorsement in the 2024 race. “Until now.”In 2020, USA Today again broke with its own tradition, this time offering its first full-throated endorsement for Joe Biden’s candidacy. David Mastio, who was part of the USA Today opinion team that published the 2020 endorsement of Biden, called the decision deeply disappointing. “I am deeply disappointed that USA TODAY has lost its voice at this critical time for our country.”

Persons: New York CNN —, Gannett, ”, Lark, Marie Antón, Kristin Roberts, Roberts, Gannett Media newsrooms, ” Antón, Kamala Harris, Donald Trump “, Hillary Clinton ”, “, ” “ We’ve, Joe Biden’s, Ronald Reagan, David Mastio, Biden, ” Mastio Organizations: New, New York CNN, New York CNN — Gannett, USA, USA Today Network, ” Gannett, CNN, Gannett Media, USA Today, Gannett, The Arizona Republic, Detroit Free Press, Los Angeles Times, The Washington Locations: New York, USA, “

☆ Ryan Girdusky: CNN says conservative commentator who made a racist ‘joke’ on air is banned
▼ + stars: | 2024-10-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

Hasan then asked Phillip, “Did your guest just say I should be killed on live TV?” Girdusky responded by falsely equating Hasan’s Palestinian support with the terrorist group Hamas. You know that,” Phillip told Girdusky. Girdusky said he apologized because he thought Hasan said he supported Hamas, a claim Philip and Hasan dismissed. After the show, Gurdusky posted on X, “Apparently you can’t go on CNN if you make a joke. “This joke does not reflect the views of President Trump or the campaign,” Trump campaign spokesperson Danielle Alvarez said in a statement to CNN.

Persons: New York CNN —, Abby Phillip, ”, Mehdi Hasan, Ryan Girdusky, “, Hasan, Phillip, ” Girdusky, ” Phillip, Girdusky, Philip, It’s, Gurdusky, Donald Trump’s, Tony Hinchcliffe, Hinchcliffe, Trump, ” Trump, Danielle Alvarez Organizations: New, New York CNN, New York CNN — CNN, CNN, ” CNN, America, Madison Locations: New York, Lebanon, Israel, Puerto Rico

☆ People who allegedly withdrew thousands of dollars from Chase ATMs in viral check fraud scheme may soon have to pay up
▼ + stars: | 2024-10-28 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

Customers who allegedly withdrew money fraudulently from Chase Bank ATMs using an illegal scheme that blew up on TikTok over the summer could soon have to cut hefty checks back to the bank. These people were able to withdraw funds by writing checks to themselves and immediately withdrawing funds before the checks bounced. Normally, the bank follows the industry standard of making a portion of any check available to customers before the funds clear. However, a temporary glitch allowed customers to withdraw more substantial amounts than typically allowed before a check clears. One case in Houston involves a “masked man” who allegedly deposited a $335,000 check to a defendant’s account.

Persons: ”, Chase, ” Drew Pusateri, “ We’re, they’re, ” Pusateri, JPMorgan Chase Organizations: New, New York CNN, Chase Bank, JPMorgan, Chase, CNN Locations: New York, Houston, Texas, Florida, California

☆ Target releases its cheapest-ever Thanksgiving meal deal
▼ + stars: | 2024-10-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Target is lowering the price of its Thanksgiving meal bundle, adding to the roughly 8,000 products that have been discounted as it attempts to attract inflation-weary shoppers during the holiday season. Target is the latest major retailer to chop the price of its Thanksgiving meal bundle, joining Aldi and Walmart in a holiday price war. Sam’s Club last week announced a Member’s Mark Thanksgiving meal, which feeds up to 10 people for under $100, made up of the warehouse club’s private label products and is delivered already cooked. Food price inflation has moderated substantially during the past year, Consumer Price Index data shows. Gomez said Target customers are buying in bulk to save money, or purchasing smaller items that have cheaper prices compared to their full-sized counterpart.

Persons: Rick Gomez, Dr, Michael Swanson, Gomez, ”, “ Organizations: New, New York CNN, Target, CNN, Aldi, Walmart, Sam’s, of Labor Statistics, Food Institute Locations: New York, Wells

☆ TGI Fridays abruptly closes dozens more locations as a reported bankruptcy nears
▼ + stars: | 2024-10-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Nearly 50 locations of TGI Fridays abruptly closed within the past week, an ominous sign for the chain as a reported bankruptcy looms. According to TGI Fridays’ store locator, the chain has 164 restaurants remaining as of Monday — a sharp decline from the 213 that were open last week. TGI Fridays didn’t immediately respond to a request for comment about the closures, and a list of the affected locations was not released. At the beginning of the year, TGI Fridays had 270 US locations. The closures come amid reports that TGI Fridays is about to file for bankruptcy.

Persons: John Evans, Evans Organizations: New, New York CNN, Bloomberg, Hawthorn Advisors, CNN Locations: New York, California , Ohio, New York , New Jersey, Florida, Missouri, Columbus , Ohio, Buffalo , New York, Beppo

☆ Trump’s social media company has tripled in value in five weeks
▼ + stars: | 2024-10-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Trump Media & Technology Group is losing money, generating very little revenue and its main product Truth Social remains a relatively small player in social media. And yet Wall Street is valuing former President Donald Trump’s social media company at nearly $8 billion, a price tag that has tripled in the span of just five weeks. Since plunging to record lows on September 23, Trump Media’s share price has skyrocketed. Trump Media’s share price saw a sharp decline in July after President Joe Biden ended his reelection bid. “If this were called Joe’s Media Company, we wouldn’t even be talking about it and it wouldn’t have a value anywhere close to this.

Persons: New York CNN —, Donald Trump’s, “ I’ve, ” Gene Munster, Munster, Trump, ” Munster, “, it’s, ” Trump, George Kailas, ” Kailas, Kailas, “ There’s, Joe Biden, Kamala Harris, Harris, ”, Steve Sosnick, Sosnick, ” Sosnick, he’s Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Trump, White, Trump Media, Republican, Asset Management, CNN, Democratic, Interactive Brokers, Munster, “, Joe’s Media Company Locations: New York, Munster, Trump’s

☆ Three Washington Post editorial board members step down amid wave of canceled subscriptions over non-endorsement
▼ + stars: | 2024-10-28 | by ( Hadas Gold | ) edition.cnn.com time to read: +4 min

A person with knowledge of the matter told CNN that an endorsement of Vice President Kamala Harris had been drafted by the Post’s editorial board members before it was quashed by Bezos. NPR reported that by midday Monday more than 200,000 people had canceled their digital subscriptions to the Post, citing two people familiar with the matter. Two Post journalists, Molly Roberts and David E. Hoffman both announced Monday they had stepped down from their positions on the editorial board, although both will stay at the paper. A third journalist, Mili Mitra also stepped down, the Post reported, meaning nearly one-third of the 10-member board had resigned. “I cannot sit here any longer on the editorial board and write those editorials while we ourselves have given in to silence,” he said.

Persons: Jeff Bezos’s, David Shipley, Kamala Harris, Bezos, Shipley, “, ”, Donald Trump’s, Molly Roberts, David E, Hoffman, Mili Mitra, Trump, we’re, Roberts, Donald Trump, Marty Baron, ” Baron, CNN’s Michael Smerconish, Bezos “, Baron, “ Bezos, “ Trump, Brian Stelter Organizations: New, New York CNN, Washington, CNN, NPR, Washington Post, Blue Origin, Trump, Post Locations: New York, Amazon

☆ How social media video clippers have become some of the most powerful outlets of the 2024 campaign
▼ + stars: | 2024-10-28 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

The campaigns for Vice President Kamala Harris and former President Donald Trump both have teams of clippers. (Coincidentally, earlier in the day, Harris had announced plans for an opportunity economy task force for the island.) Most clips aren’t so cataclysmic, but evidence of the “clippers election” can be found all throughout the campaign season. Trump’s campaign account on X, dubbed @TrumpWarRoom, pushes out promotional video clips day in and day out. The Harris campaign does the same with @KamalaHQ.

Persons: Kamala Harris, Donald Trump, Aaron Rupar, Tony Hinchcliffe, Kamala Harris’s, Harris, Trump, Hinchcliffe, Ohio Sen, JD Vance, Ron Filipkowski, Vance, “ Tucker Carlson, ”, assailing, Joe Biden, Biden, Rupar, “ MAGA, ” Rupar, Castro, Michelle Obama, Joe Rogan’s Organizations: New, New York CNN, Madison, Puerto Ricans, Puerto Rican, Trump, Social, Ohio, Republican, CNN ricocheted, Republican National, YouTube, Vox, CNN, “ Locations: New York, Puerto Rico, Puerto, Michigan

☆ McDonald’s finally has a solution to their busted McFlurry machine problem
▼ + stars: | 2024-10-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —A broken McDonald’s McFlurry machine, arguably one of life’s greatest nuisances, has finally been solved thanks to a court ruling. McDonald’s franchises haven’t been able to fix the soft serve ice cream machines on their own because manufacturing company Taylor owns the copyright and exclusive rights to fix the machines — until now. The inability to make timely fixes has been a bane of the customers’ existence, so much so, that there’s a third-party website called McBroken.com that tracks their availability. Broken ice cream machines have been such a blemish on McDonald’s reputation that even competitors mock them for it. And perhaps a fix can’t come quick enough: Nearly 15% of ice cream machines are broken as of Monday, according to McBroken.

Persons: haven’t, Taylor, iFixIt, Meredith Rose, ” Rose, McDonald’s, Taylor didn’t Organizations: New, New York CNN, United States Copyright, Public Locations: New York

☆ Rao’s will have its first-ever float in the Macy’s Thanksgiving Day Parade
▼ + stars: | 2024-10-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Rao’s Homemade, the fast-growing sauce brand that originated in its namesake Harlem restaurant, is perhaps getting its biggest national exposure to date: a float in the Macy’s Thanksgiving Day Parade. Alan Creveling, Rao’s vice president of marketing, told CNN that the brand’s awareness among consumers lags far behind its entrenched competitors. A rendering of Rao's float in the Macy’s Thanksgiving Day Parade. Courtesy Macy’s Thanksgiving Day Parade“We want people that are unfamiliar with the brand to then get familiar with the brand,” Creveling said. Designing and building the float is about a nine-month process and, as part of the deal with Macy’s, Rao’s float will be featured in the parade for the next three years.

Persons: Peacock, Alan Creveling, Creveling, “, ”, Rao’s, ” Creveling, weren’t, Campbell’s, Andrea Hernández, you’re Organizations: New, New York CNN, Campbell’s, NBC, CNN, Apex Marketing Locations: New York, Harlem, Italian

☆ I took part in the viral Timothée Chalamet lookalike competition. Here’s what happened
▼ + stars: | 2024-10-28 | by ( Reed Putman | ) edition.cnn.com time to read: +7 min

How do I ask for time off to enter a Timothée Chalamet lookalike contest? Onlookers of the event yell at photographers to move out of the way so they can see the Timothée Chalamet lookalikes. Spencer DeLorenzo gets lifted in the crowd of Timothée Chalamet lookalikes, fans and police. When the real Timothée Chalamet made a surprise appearance, the energy intensified. And as much fun as it was to be Timothée Chalamet for an afternoon, I’m truly glad I’m Reed Putman.

Persons: New York CNN — We’d, —, I’m, Reed Putnam, Laura Oliverio, ”, Willy Wonka, lookalikes, “ I’ve, Spencer DeLorenzo, Alondra Maldonado, CNN Reed Putnam, CNN Miles Mitchell, Stefan Jeremiah, Chalamet, he’d, Chanel, ProSieben, I’ll, I’m Reed Putman Organizations: New, New York CNN, CNN, State University of New, Washington, NYPD, Associated Press Locations: New York, —, Manhattan, New York City, State University of New York Canton, SUNY, Toronto, Washington, German

☆ McDonald’s needed to win Americans back. Then came an E. coli outbreak
▼ + stars: | 2024-10-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Even for a brand as gargantuan as McDonald’s, the last few months have been… a lot. The timing of the outbreak is especially challenging for McDonald’s as it has been trying to win back customers who’ve been put off by higher prices. Over the summer McDonald’s did an about face to try to win people back. “It had been a pretty strong quarter.”And absent the E. coli outbreak, Tuesday’s earnings call might have been all about the value menu and the Crocs. The length and severity of the outbreak is now a wild card for analysts as they assess McDonald’s financial future.

Persons: CNN Business ’, Chris Gaulke, Cornell University’s Nolan, who’ve, Chris Kempczinski, McDonald’s, They’ve, ” RJ Hottovy, it’s, ” Hottovy, “ McDonald’s, McDonald’s didn’t, “ We’ve, Sara Senatore, Chipotle, ” Senatore, “, ”, Wendy’s Organizations: CNN Business, New York CNN, shimmer, New York Mets, Cornell University’s, Cornell University’s Nolan School of Hotel Administration, Associated Press, Colorado Department of Agriculture, Bank of America, Wendy’s Locations: New York

☆ Jon Stewart extends ‘Daily Show’ hosting gig through end of 2025
▼ + stars: | 2024-10-28 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

New York CNN —Jon Stewart is extending his time in the hosting chair at “The Daily Show” through December 2025. In 2015, Stewart parted ways with “The Daily Show,” after 16 years in the hosting chair, and was followed by Trevor Noah, who hosted the show through 2022. Stewart’s initial return to “The Daily Show,” announced this January, came as the show looked to bolster its struggling ratings. The re-hire has largely paid off, with Stewart’s return consistently delivering higher ratings than the show has seen in recent years. Stewart’s return to Paramount Global has marked a major victory for the company as it looks to muscle up its streamer, Paramount+.

Persons: Jon Stewart, Stewart, Kamala Harris, Donald Trump, “ I’ve, ” Stewart, “, Chris McCarthy, ”, ” McCarthy, Trevor Noah, Stewart’s Organizations: New, New York CNN, Comedy, Paramount, Comedy Central, Paramount Global, Showtime, MTV Entertainment Studios, Apple Locations: New York

☆ What the rising popularity of Yemeni coffee shops say about third places
▼ + stars: | 2024-10-26 | by ( Ramishah Maruf | Monica Haider | ) edition.cnn.com time to read: +9 min

Times Square will be home to two other chains, MOKAFÉ and Qamaria Yemeni Coffee Co. But Yemeni coffee houses have taken up both those trends and boomed. Where did Yemeni coffee shops come from? We own the coffee farms in Yemen, we grew up with the coffee, we loved coffee,” Alhasbani said. “Several Yemeni entrepreneurs are opening coffee houses of their own, each with its own sort of style and atmosphere.”The coffee chains have big ambitions beyond Dearborn.

Persons: Ahmed, Ahmed Moustafa, Bhavishya, ”, Sally Howell, Howell, ” Ibrahim Alhasbani, “, Ibrahim Alhasbani, Carlos Osorio, ” Alhasbani, Alhasbani, “ There’s, Hovig Tchalian, don’t, ” Howell, Haraz, Yemen it’s, ‘, ” Moustafa Organizations: New, New York CNN, Carmine, Times, Yemeni, Co, University of Michigan – Dearborn, Qahwah, CNN, Entrepreneurship, USC Marshall School of Business, New York City Locations: New York, Detroit, SoHo, Manhattan, Qahwah, Ethiopia, Yemen, Dearborn, Yemen's, Mich, Michigan, Dallas, Dearborn , Michigan, United States, Downtown Dearborn, Canada, Qahwah House’s, Soho, Brooklyn, Queens

☆ Daughter of Los Angeles Times owner says Harris endorsement was blocked over Gaza war support
▼ + stars: | 2024-10-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —The daughter of Los Angeles Times owner Patrick Soon-Shiong suggested on Saturday that herfather’s decision to block the newspaper’s endorsement of Vice President Kamala Harris was made over Harris’ support for Israel’s war in Gaza. “Our family made the joint decision not to endorse a Presidential candidate. Three members of the Times’ editorial board resigned over the decision. I’m proud of the LA Times’ decision just as I am certain there is no such thing as children of darkness. As with the Times, the decision was handed down by the publisher’s billionaire owner, Amazon founder Jeff Bezos, the newspaper reported.

Persons: Patrick Soon, Shiong, Kamala Harris, Harris, Nika, “, ” Patrick, “ Nika, ”, Barack Obama, Mariel Garza, ” Garza, Donald Trump, I’m, Trump, Jeff Bezos, ” Marty Baron, CNN’s Michael Smerconish Organizations: New, New York CNN, Los Angeles Times, New York Times, Apartheid, LA Times, CNN, Washington Post, Times, Amazon Locations: New York, Gaza

☆ The Washington Post is in deep turmoil as Bezos remains silent on non-endorsement
▼ + stars: | 2024-10-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +6 min

New York CNN —One day after The Washington Post announced it would not endorse a presidential candidate in this year’s election or in the future, its billionaire owner remains silent as the newspaper’s staff are in turmoil. A source with knowledge told CNN on Friday that an endorsement of Vice President Kamala Harris had been drafted before it was squashed. But when Baron was in charge of the newspaper, Bezos “resisted that pressure” and he was “proud” and “grateful” for that leadership. “Bezos has other commercial interests, a big stake and Amazon, he has a space company called Blue Origin,” Baron said. “Reporting around the role of The Washington Post owner and the decision not to publish a presidential endorsement has been inaccurate,” Lewis said.

Persons: Jeff Bezos, Bezos, Kamala Harris, Marty Baron, Trump, ”, ” Baron, CNN’s Michael Smerconish, Bezos “, Baron, “ Bezos, “ Trump, Will Lewis’s, Lewis, ” Lewis, “, Harris, Robert Kagan, Donald Trump, ” Kagan, CNN’s Erin Burnett OutFront, Steven Cheung, Stephen Miller, Kamala, Bob Woodward, Carl Bernstein, ” “ Organizations: New, New York CNN, Washington Post, CNN, Amazon, ”, The Washington Post, Post, Blue, Los Angeles Times, Blue Origin, Trump, Washington Locations: New York, America, Washington

☆ Q3 Earnings: Welcome to the ‘show me the money’ quarter
▼ + stars: | 2024-10-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

In what some analysts are calling the “show me the money” quarter, most of the major US tech titans will report earnings during Halloween week. “Tech companies have been spending billions on AI like kids in a candy store,” said David Laut, chief investment officer at Abound Financial. “Now investors want to see what they’re getting for their money.”Earnings season for tech got off to a strong start Wednesday evening when Tesla surprised Wall Street with better-than-expected earnings. The results sent Tesla’s shares surging more than 11% in after-hours trading, potentially setting a positive tone for next week’s parade of tech earnings. But there’s more spooking Wall Street than just tech earnings.

Persons: ”, David Laut, Tesla, Tesla’s, Jim Reid, Dan Ives Organizations: New, New York CNN, Google, Microsoft, Meta, Apple, Nvidia, “ Tech, “, ChatGPT, Reserve, Deutsche, Wedbush Securities Locations: New York, Canada, France

☆ Store closings have hit their highest level in years. Competition and higher prices crushed them
▼ + stars: | 2024-10-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

“It kept these players alive that couldn’t survive in normal situations.”Competition from juggernauts like Amazon, Walmart, Costco, Home Depot and other big-box retailers has also squeezed smaller chains. In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight. Retailers closed a record 9,800 stores in 2019. Around 9,700 stores closed in 2020, according to Coresight. Drug store chains are also shrinking.

Persons: —, ”, Michael Brown, Kearney, ” Brown, Barbara Kahn, Charlotte Russe, Shopko, Ted Decker, Joann Fabric, Denny’s, Kelli Valade, Justin Sullivan, Amazon’s, It’s, ” Kahn, TJ Maxx, TJX Organizations: New, New York CNN, Walgreens, Research, Companies, Consumers, “, Walmart, Costco, Home, ” Retailers, United, University of Pennsylvania’s Wharton School, Coresight, Retailers, Sears, P Global Market Intelligence, CVS, Aid, Marshalls, Aldi Locations: New York, “, Amazon, United States, Gymboree, JCPenney, Tijuana, HomeGoods

☆ Why Starbucks, Nike and Boeing are looking for a time machine
▼ + stars: | 2024-10-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Three quintessentially American companies — Starbucks, Nike and Boeing — share a common predicament at the moment. Brian Niccol took the reins last month, leaving the top job at Chipotle to become Starbucks’ third CEO in three years. Boeing Boeing Boeing…. Like Nike and Starbucks, Boeing is looking to its past self to guide its future. And Boeing won’t be able to build the time machine it so desperately needs without the 33,000 machinists currently on strike.

Persons: CNN Business ’, Brian Niccol, Niccol, God —, ”, I’ve, we’ve, Nicolas Asfouri, it’s, Elliott Hill, Kelly Ortberg, who’ve Organizations: CNN Business, New York CNN, Starbucks, Nike, Boeing, Getty, NBA, WNBA, Boeing Boeing Boeing …, Ortberg Locations: New York, China, Chipotle, AFP

☆ Elon Musk’s dozens of meetings with presidents, prime ministers and political candidates show his growing political influence
▼ + stars: | 2024-10-25 | by ( Clare Duffy | Way Mullery | ) edition.cnn.com time to read: +9 min

New York CNN —Over the past three years, Elon Musk has met dozens of times with presidents, prime ministers, lawmakers, government officials and political candidates from around the world. Other meetings, such as a recent conversation with Argentine President Javier Milei, the world only glimpses through the billionaire’s social media posts. Recently, Musk’s political activism has begun to have a tangible impact on his companies: Brands pulled their advertisements from X, tanking its value. CNN’s analysis also suggests that Musk has, in particular, worked to develop influence among a set of right-leaning world leaders, including Modi, Bolsonaro, Milei and Italian Prime Minister Giorgia Meloni. Now, as he campaigns for Trump, Musk may be setting himself up for his most prominent political role yet: a position in a possible future Trump White House.

Persons: Elon Musk, Benjamin Netanyahu, Javier Milei, Musk, Vladimir Putin, Dmitry Peskov, ”, Ron DeSantis, Robert F, Kennedy, Jr, Donald Trump, Kamala Harris, “ He’s, he’s, James Lewis, it’s, Tesla, “, ” Lewis, “ They’re, Jair, Andrés Manuel López Obrador, Li Qiang, Emmanuel Macron, Recep Tayyip Erdogan, Narendra Modi, William Klepper, you’ve, ” Musk, Modi, Giorgia Meloni, India’s Modi Organizations: New, New York CNN, Argentine, CNN, Wall Street Journal, Putin, Gov, Trump, Center for Strategic, International Studies, Indian, Columbia Business School, Brands, SpaceX, Italian, Elon, Trump White House, Department of Government Locations: New York, Israel, South Africa, United States, Brazil, Nuevo Leon, Shanghai, China, Turkish, California, Italy, India, Argentina, ”

☆ The last time markets were this good was 20 years ago. Can we keep it up?
▼ + stars: | 2024-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Until this week’s pullback, the market’s recent performance told a remarkable story. The S&P 500 rose for 37 of the last 51 weeks, matching a record reached in both 1989 and 2004. Political uncertaintyWith polls showing a tight race for the White House, investors have been increasingly on edge about the prospect of former President Donald Trump winning the election. While polls remain effectively dead even, political betting markets have swung in Trump’s favor since the start of this month. Deutsche Bank analysts warn that the recent rally may be difficult to sustain given these historically high valuations.

Persons: Donald Trump, Trump, ” Steven Ricchiuto, Henry Allen, it’s Organizations: New, New York CNN, Dow, Nasdaq, White House, Mizuho Securities, –, Deutsche Bank, Apple, Microsoft, Presidential, Federal Locations: New York, Israel

☆ Washington Post will not endorse a candidate in 2024 presidential election, breaking decades of tradition
▼ + stars: | 2024-10-25 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —For the first time in decades, The Washington Post will not endorse a candidate in this year’s presidential election, the newspaper’s publisher announced Friday. “The Washington Post will not be making an endorsement of a presidential candidate in this election. Nor in any future presidential election,” Will Lewis said in a published statement. “We are returning to our roots of not endorsing presidential candidates.”The Post has endorsed a presidential candidate in every election since the 1980s. Trump called the Post “The Fake News Washington Post” and derided it as Amazon’s “chief lobbyist.”Trump directly accused Amazon of not paying enough taxes and taking advantage of the US Postal Service, among other claims.

Persons: “, ” Will Lewis, Lewis, ”, ” Lewis, Jeff Bezos, David Shipley, ” Shipley, Marty Baron, Donald Trump, Bezos, ” Baron, Trump, Amazon’s, ” Trump, Baron, Patrick Soon, Kamala Harris Organizations: New, New York CNN, Washington Post, Amazon, CNN, Bezos, News Washington Post, US Postal Service, Pentagon, Microsoft, Los Angeles Times Locations: New York, Washington

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