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Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "They need to be in this" business, Cramer said, noting that Builders FirstSource has been one of the best stocks in the S & P 500 lately. Cramer's CNBC Investing Club owns consumer-products giant Procter & Gamble . "This whole story about commercial real estate being in trouble, other than in San Jose, we're seeing improvement everywhere," Cramer said. Within banks, the CNBC Investing Club owns shares of Wells Fargo and Morgan Stanley .
Persons: Jim Cramer's, Jim Cramer, it's, Cramer, You've, Clark, They've, Morgan Stanley, Vornado Organizations: CNBC, Club, Walgreens Boots Alliance, Walgreens, Home Depot, Procter & Gamble, Vornado Realty Locations: San Jose, Wells Fargo
But a new report suggests we don't know whether organized retail crime is a big problem or not. "Organized retail crime," "retail theft," and similar terms don't correspond with categories that local police departments use to categorize crimes, Hanna Love, a fellow at Brookings, told Business Insider. It's unclear what makes organized retail crime "different than, say, other instances of shoplifting" from a data perspective, Love said. The NRF has said that it took back the estimate due to an error by an outside analyst who contributed to its report on organized retail crime. About fourteen states passed new laws on retail theft in 2022 and 2023, Stateline reported in December.
Persons: , Hanna Love, Love, James Kehoe, William Blair, Target's, it's, Sebastian, Stateline Organizations: Walmart, Walgreens, Service, Target, National Retail Federation, Brookings Institution, Brookings, Retail, The New York Times Locations: States, Brookings, San Francisco, Indiana, Fairfax , Virginia
“The economy is strong, the labor market is strong and inflation has come way down,” Fed Chair Jerome Powell said Wednesday. Fed officials continue to expect three rate cuts this year but the days of ultra-low interest rates are long gone. Up NextMonday: The Chicago Fed releases its National Activity Index for February. The US Commerce Department releases February data on sales of new single-family homes. The US Commerce Department releases February data on household spending, income and the Fed’s preferred inflation gauge.
Persons: Goldman Sachs, Jerome Powell, Mike Skordeles, Skordeles, ” Stephanie Lang, Homrich Berg, , Clare Duffy, Reddit, Read, Lisa Cook, Christopher Waller Organizations: Washington CNN, Fed, Truist Advisory Services, CNN, Atlanta Fed, Employers, New York Stock Exchange, Trading, IPOs, Chicago Fed, US Commerce Department, McCormick, GameStop, Global, Board, Wednesday, Walgreens Boots Alliance, US Labor Department, University of Michigan, National Association of Realtors
That answered a big question going into the central bank's two-day March meeting following two months of hotter inflation readings. We hope to see that strength continue in the coming months as increasing supply would help keep housing inflation down. Following the company's last quarterly report, Jim Cramer said, "You cannot have a recession if Cintas is blowing the doors open." ET: PCE price index (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, JEF, HB Fuller, Jim Cramer's, Jim, Victor J Organizations: Dow, Federal Reserve, Nasdaq, McCormick & Company, GameStop, Jefferies, Gross, Walgreens Boots Alliance, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: U.S
CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, saying to watch out for earnings from Walgreens as well as new data about consumer spending. The company could prove to be a significant windfall for Trump, Cramer said, who is facing hefty legal bills. Tuesday brings earnings from GameStop , and Cramer said he's expecting poor results. Cintas and Carnival report on Wednesday, and Cramer said he's optimistic about the former, but called the latter "a wild card." Cramer said he would like to hear Wentworth explain how he plans to return Walgreens to growth.
Persons: CNBC's Jim Cramer, Cramer, Donald Trump —, he's, McCormick, — Hormel, Mills —, Kimberly, Clark, Tim Wentworth, Wentworth Organizations: Walgreens, Trump Media, Corp, Trump, GameStop, Walgreens Boots Alliance, Federal Reserve
Be on the lookout for new packaging, shop store brands, and keep track of the unit pricing to avoid losing money to shrinkflation. Buy store brandsStore brands typically have cheaper prices than the major brands that you find on store shelves. Think Kirkland brand at Costco or the store brands in Walgreens or Walmart. Because store brands are already generally the cheaper options, they will also be slower to repackage or downsize their products. For example, a 30-ounce jar of pickles that costs $8 would list a unit price of $0.27 per ounce.
Persons: Shrinkflation, Biden, shrinkflation, Kirkland Organizations: Costco, Walmart, Quicken Locations: Walgreens
Read CNBC's full investigation into the alleged organized theft groups that police say are stealing and reselling items from retailers including Ulta Beauty, T.J. Maxx and Walgreens. Faced with sophisticated organized retail crime rings that investigators say have targeted his company, Ulta Beauty CEO Dave Kimbell is laying some blame on e-commerce sites. "You used to have to sell stolen goods at flea markets or out of the trunk of your car, or maybe just locally. The 53-year-old mother of three and her husband, Kenneth Mack, were charged with conspiracy to commit organized retail theft, grand theft and receipt of stolen property in connection with the alleged crime ring. During a raid at her California mansion in December, California Highway Patrol and Homeland Security agents say they found $387,000 in suspected stolen goods, most of which had come from Ulta.
Persons: Read, Dave Kimbell, Kimbell, Michelle Mack, Kenneth Mack, I'm, we've Organizations: Maxx, Walgreens, Ulta, CNBC, Homeland Security Locations: U.S, San Diego, California
CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.
Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters
The situation was so dire last year at one Walgreens store in San Francisco, employees resorted to padlocking frozen foods. The effort to undo some aspects of Prop 47 comes amid a broader check on some other liberal crime enforcement policies in America. Police data shows that larceny theft, which includes retail theft and car break-ins, is down 37% from this time last year. On Tuesday, San Francisco voters approved two ballot measures spearheaded by Breed. Last September, the state announced it would be sending $267 million to law enforcement agencies throughout the state to tackle organized retail theft.
Persons: Gavin Newsom, It’s, , Jason Henry, , Marlene Harden’s, Harden, Chloe, , ” Harden, Marlene Harden's, Thanh Tran, Tran, Ella Baker, CNN Lenore Anderson, ” Anderson, Richard Bailey of Coronado, Breed, Tayfun, , Miracle, don’t, We’re, Newsom, He’s Organizations: San Francisco CNN —, Republican, Democratic, Democratic Gov, CNN, Public, Institute of California, state’s Department of Justice, Walgreens, Walmart, ” Walmart, Westfield San Francisco Centre, New York Times, “ Walgreens, , National Retail Federation, Target, Ella Baker Center for Human, Attorneys, San Francisco Mayor London, San Francisco Mayor London Breed, Anadolu Agency, San Francisco Chronicle, Police, , San Francisco, Breed Locations: San, California, San Francisco, America, Oregon’s, San Diego County, Francisco, Texas, South Carolina
In the past several years, Amazon, CVS Health, and Walgreens each spent billions to own primary-care companies. CVS bought Oak Street Health. Here's how the bets that Amazon, CVS, and Walgreens made are playing out. CVS is building more Oak Street clinics despite lossesAn Oak Street Health location in Elgin, Illinois during its grand opening. CVS is hoping to help Oak Street clinics get profitable quicker by driving more patients their way.
Persons: Andy Jassy, Thos Robinson, It's, JP Morgan, Berkshire Hathaway, Business Insider's Eugene Kim, Kim, they've, it's, VillageMD hasn't, Jefferies, Brian Tanquilut, Tanquilut, Lydia Ramsey, Mike Pykosz, Pykosz, Aetna, Michael Cherny Organizations: CVS Health, Walgreens, Amazon, CVS, Oak Street Health, Business, Aetna, Medical, Washington Post, Summit Health, Oak, Health Locations: Oak, VillageMD, Haven, Florida, Elgin , Illinois
CVS and Walgreens will start selling mifepristone in some US states, Reuters reported. The move follows a 2023 FDA decision to allow certified pharmacies to sell the abortion drug. President Joe Biden, who has supported increased access to abortion, hailed the news. AdvertisementCVS and Walgreens are set to begin selling the abortion pill mifepristone in some states this month, Reuters reported. The Food and Drug Administration (FDA) announced last year that it would allow retail pharmacies to begin selling the drug.
Persons: Joe Biden, , Wade, Harris, Trump Organizations: Walgreens, Reuters, FDA, Service, Drug Administration, CVS, Alliance for Hippocratic, Guttmacher Institute, Food and Drug Administration, Republican, Food, Fox News, Politico Locations: New York , Pennsylvania , Massachusetts, California, Illinois, Massachusetts, Rhode Island
It is the first hormonal birth control available for retail and will expand access. Prescription-free birth control will expand accessThe introduction of Opill to family planning aisles will lower barriers to birth control. Since Opill is available without a prescription, people will no longer have to pay a doctor or pharmacist to access hormonal birth control. She urged policymakers to make sure non-prescription birth control is covered by insurance and assistance programs. AdvertisementProgestin-only birth control also carries a risk of ectopic pregnancy and can increase a person's risk for breast cancer, regardless of medical history.
Persons: , Opill, Victoria Nichols, Nichols, Dr, Tania Serna Organizations: Amazon, Walgreens, CVS, Target, Walmart, Service, US Food and Drug Administration, Guttmacher, Guttmacher Institute, Affordable Care, Kaiser Family Foundation, The American College of Obstetricians, OB, University of California Locations: San Francisco
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But when Nupur Dave walked away from corporate life at 40, becoming part of the FIRE (financial independence, retire early) movement, she soon came to regret it . Many of the early retirees who've spoken with BI in the past have shared the challenges that come with quitting work altogether. And there are many more striving to make early retirement a reality .
Persons: , Nupur Dave, Dave, FIREgret, Dave's, who've, Rebecca Zisser, it's, Jenny Chang, Rodriguez, Alyssa Powell, Steve Pemberton, there's, Pemberton, Robert L, Johnson, America's, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Microsoft, Google, Wall, Getty, Walgreens, Toyota, BET Locations: New York
The two largest pharmacy chains in the United States will start dispensing the abortion pill mifepristone this month, a step that could make access easier for some patients. Officials at CVS and Walgreens said in interviews on Friday that they had received certification to dispense mifepristone under guidelines that the Food and Drug Administration issued last year. The chains plan to make the medication available in stores in a handful of states at first. Both chains said they would gradually expand to all other states where abortion was legal and where pharmacies were legally able to dispense abortion pills — about half of the states. Walgreens will start providing the pill within the next week in a small number of its pharmacies in New York, Pennsylvania, Massachusetts, California and Illinois, said Fraser Engerman, a spokesman for the chain.
Persons: Fraser Engerman, Organizations: CVS, Walgreens, and Drug Administration Locations: United States, New York , Pennsylvania , Massachusetts, California, Illinois
CVS and Walgreens will start selling the abortion pill mifepristone this month at certain pharmacy locations in states where it is legal to do so, spokespeople for the companies told CNBC on Friday. Mifepristone is the first pill used in the two-drug medication abortion regimen. Before the FDA's regulatory change, only a few mail-order pharmacies or specially certified doctors or clinics could distribute mifepristone. The regulatory change will potentially expand abortion access as the Biden administration wrestles with how best to protect abortion rights. Medication abortion is the most common method of terminating a pregnancy in the U.S., according to data from the Centers for Disease Control and Prevention.
Persons: Mifepristone, Biden, Wade Organizations: Alamo Women's, CVS, Walgreens, CNBC, Food and Drug Administration, New York Times, FDA, Drug Administration, Centers for Disease Control Locations: Carbondale , Illinois, Massachusetts, Rhode, New York , Pennsylvania , Massachusetts, California, Illinois, U.S
Rite Aid is planning to close 77 stores in 2024 as part of its Chapter 11 bankruptcy. Rite Aid has been shrinking its store count for years, losing ground to rivals Walgreens and CVS. AdvertisementMore Rite Aid stores are closing around the US as part of the retailer's voluntary bankruptcy. That adds to locations that the company previously said it would shutter, including about 150 Rite Aid stores that closed last fall. Since the drugstore chain filed for Chapter 11 bankruptcy in October, Rite Aid said it would close 431 stores, Masslive.com reported.
Persons: Organizations: Walgreens, CVS, Service, Aid, Rite Aid, Business
Change Healthcare's systems are down for the seventh day after a cyber threat actor gained access to its network last week. Change Healthcare offers tools for payment and revenue cycle management, and its system outages have disrupted operations in pharmacies and health systems across the country. Change Healthcare merged with Optum in 2022. Rising number of health-care cyberattacksThe attack on Change Healthcare comes after 2023 set a grim record for health-related cybercrime. Impact of Change Healthcare's breachUnitedHealth has not specifically disclosed exactly which Change Healthcare systems have been affected, but the fallout from the cyberattack has caused a ripple of problems across the U.S. health-care system.
Persons: UnitedHealth, John Riggi, Riggi, Cliff Steinhauer, Steinhauer, Cary Brazeman, Brazeman, hadn't Organizations: New York Stock Exchange, UnitedHealth Group, U.S . Securities, Exchange, Change Healthcare, Change, Optum, Healthcare, Palo Alto Networks, Google, CNBC, American Hospital Association, National Cybersecurity Alliance, CVS Health, Walgreens Locations: U.S, Palm Springs
In 2007, I became Monster.com's first chief diversity officer, then Walgreens' in 2012. Most recently I served as chief human-resources officer at Workhuman. When done right, DEI programs not only give companies a competitive edge but also can be the very means of mending a broken America. Unsurprisingly, the role of chief diversity officer became more popular during this time as CEOs and boards recognized that they needed a dedicated team with resources to prevent similar class-action settlements and public-relations disasters. Prior to serving as chief people officer for Workhuman, he was chief diversity officer for Walgreens and Monster.com.
Persons: unschooled, Monster.com's, meritocracy, Kennedy, Johnson, Nixon, ERGs, Charles Walgreen, Jim Crow, Rep, Robert B, Elliott of, Steve Pemberton Organizations: Walgreens, Revelio Labs, America, Commission, Texaco, Denny's, Nextel, Harvard, The Lighthouse Academy Locations: America, Elliott of South Carolina
Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. On Monday, Amazon officially becomes a member of the Dow Jones Industrial Average , replacing Walgreens Boots Alliance . The Dow is a smaller average than the S&P 500, with just 30 components, and it's weighted by the share price of the individual stocks rather than the companies' total market value. That makes some investors view the Dow, begun in May 1896, as a poor representation of the American stock market. The three largest tech stocks in the Dow by market cap as of Friday were Apple , Microsoft and Salesforce , while key companies such as Nvidia and Alphabet were excluded.
Persons: Dow Organizations: New York Stock Exchange, Amazon, Dow Jones, Walgreens, Alliance, Dow, Apple, Microsoft, Nvidia Locations: New York City, U.S
If history is any guide, Walgreens Boots Alliance may fare better after getting tossed from the Dow Jones Industrial Average . In fact, data shows that betting on a stock that's leaving the Dow is often a better trade for investors than buying shares of a stock that's entering the 127-year-old average. What history shows Alcoa was the best-performing stock among the last 10 outgoing Dow members. For example, Honeywell International surged more than 40% one year after joining the Dow, while UnitedHealth rallied nearly 28%. General Electric , the last of the original 12 Dow stocks, plunged about 58% one year after leaving the average in 2018.
Persons: bode, Ned Davis, Goldman Sachs, , Amgen —, UnitedHealth, DuPont de Nemours, Fred Imbert Organizations: Walgreens Boots, Dow Jones, Walgreens, Dow, General Electric, WBA, CNBC Pro, Ned Davis Research, NDR, Alcoa, HP, Bank of America, Nike, Visa, RTX Corporation, Exxon Mobil, Pfizer, Apple, Honeywell International, DuPont de Locations: U.S
S&P 500 futures are near flat Monday night as the market rally took a breather. Futures tied to the broad index and Nasdaq 100 futures both traded near flat. Those moves follow a losing day on Wall Street that pulled the Dow and S&P 500 off record highs seen last week. The Dow and S&P 500 slipped 0.16% and 0.38%, respectively, while the technology-heavy Nasdaq Composite inched lower by 0.13%. "You're digesting so much of what happened last week with big earnings, and then you have big data on the horizon."
Persons: Ross Mayfield, Baird, They'll, Mayfield Organizations: New York Stock Exchange, Dow Jones, Unity Software, Dow, Walgreens Boots Alliance, Virgin Galactic, PCE Locations: New York City, U.S, PCE
Get ready for a more volatile Dow with the Amazon addition
  + stars: | 2024-02-26 | by ( Robert Hum | ) www.cnbc.com   time to read: +1 min
Will a more volatile Dow Jones Industrial average follow suit after Amazon's addition? Amazon joins the Dow Monday, as the 127-year old index adds a much higher-beta stock that could bring some bigger moves with more frequency going forward. Remember, that for every $1 any Dow stock moves, the index moves roughly 6.5 points. But contrast Amazon's moves to even Walmart, which had essentially the same share price pre-split as Amazon (WMT $175.56, AMZN $174.99). Apple had a share price of about $127 when it was added in March 2015 (price based on pre-2020 4-for-1 split levels).
Persons: Will, it's Organizations: Dow, Walgreens, Walmart, Apple
Can Your Personal Medical Devices Be Recycled?
  + stars: | 2024-02-26 | by ( Ted Alcorn | ) www.nytimes.com   time to read: +1 min
Most of the plastic in your medicine cabinet is high-quality, medical grade — and devilishly difficult to safely dispose of, let alone recycle. Some at-home medical products, like needles that have come into contact with bodily fluids, should not even be relegated to household trash. They also sell special containers for shipping used, discarded needles and medical waste to sites for safe disposal. But when it comes to recycling plastic devices, from asthma inhalers to insulin and allergy pens, people may find themselves ping-ponging around without a solution. Some states recommend inquiring with local pharmacies, which in turn recommend checking with municipal recycling facilities.
Organizations: New York state’s Department of Environmental Conservation, Walgreens, CVS Health Locations: New
But even a rally of these proportions doesn't mean that all future gains in 2024 are off the table for investors. As of Thursday, 85% of analysts covering the stock had assigned it a buy rating, with an average potential upside of 23%. About 62% of analysts covering the stock have assigned it a buy rating, with the average analyst predicting a potential upside of 14%. More than three-fourths of analysts have assigned telecommunications giant T-Mobile a buy rating. While T-Mobile missed analysts' earnings expectations, the firm posted a higher revenue than Wall Street had expected.
Persons: Stocks, Warren Buffett, Berkshire Hathaway, , Fred Imbert Organizations: Nasdaq, Nvidia, CNBC Pro, York Stock Exchange, Dow Jones, Walgreens, Alliance, Amazon, Chevron, Mobile, Wall, Visa, Mastercard
Our generation came of age during the ’90s toxic diet culture. Millennials weren’t taught to fear aging; we were taught to fear fat. And if you had a mother who internalized diet culture and projected it onto her children, the damage could also happen from within the family. Researchers have found that mothers who encourage weight loss or food restriction or even express dissatisfaction with their body weight may lead to their daughters’ becoming more likely to have eating-related problems. As my generation grew up and became more conscious of the impacts of diet culture, we began to openly celebrate and encourage body positivity.
Persons: Millennials weren’t, Z, , I’ll Organizations: Walgreens
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