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☆ Best Buy will soon stop selling DVDs
▼ + stars: | 2023-10-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

Now Best Buy will stop selling DVDs and Blu-ray discs at the end of the 2023 holiday season, too. Best Buy says that streaming has made DVDs obsolete and it can use physical space in its stores and warehouses for tech products in higher demand. “To state the obvious, the way we watch movies and TV shows is much different today than it was decades ago,” Best Buy said in a statement. Best Buy does not break out its sales from DVDs, but Best Buy currently has 24,000 DVDs listed on its website. Best Buy’s exit from the market will leave Walmart, Amazon and Target as the top retailers stocking DVDs, according to Digital Bits.

Organizations: New, New York CNN, Netflix, Walmart, Amazon, Target, Blockbuster Locations: New York

New York CNN —Starbucks on Wednesday criticized a message by its union about Hamas’ terrorist attack on Israeli civilians. Starbucks Workers United did not respond to CNN’s request for comment. In a separate post on X, SEIU International President Mary Kay Henry wrote that “the violence in Israel and Palestine is unconscionable. In its statement, Starbucks distanced itself from the reported comments. Starbucks unequivocally condemns acts of hate, terrorism and violence,” wrote Sara Kelly, Starbucks’ executive vice president and chief partner officer.

Persons: Mary Kay Henry, “, ” Starbucks, ”, Sara Kelly Organizations: New, New York CNN, Starbucks, Hamas, Starbucks Workers United, Israel, Starbucks Workers, SEIU, ” Workers, Workers United, “, UN, Palestine, Harvard, Harvard Palestine Solidarity Groups Locations: New York, Palestine, Gaza, Israel, @SEIU, United States, Harvard’s

☆ Why Tesla isn’t unionized
▼ + stars: | 2023-10-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Tesla workers earn on average about $55 an hour in wages and benefits, compared to $66 to $71 an hour at Detroit’s Big Three, according to industry estimates. In an aerial view, brand new Tesla cars sit in a parking lot at the Tesla factory on October 19, 2022 in Fremont, California. Brendan McDermid/ReutersThe union, Tesla Workers United, filed an NLRB complaint alleging the company illegally fired its supporters. Tesla is one of the most valuable companies in the world, and some production workers have become millionaires from their shares in Tesla, Musk has said. A Tesla Model X is worked on a factory line with Tesla X's and Tesla S's at the Tesla factory on Wednesday, July 18, 2018 in Fremont, Calif. Lea Suzuki/The San Francisco Chronicle/Getty Images“Tesla tries to make it seem like if you’re unionized you’re not going to get stock,” said Bryan Schwartz, a lawyer who has represented Tesla employees in lawsuits against the company, including an ongoing class action lawsuit for racial discrimination.

Persons: New York CNN — Tesla, Tesla, ”, John Logan, Justin Sullivan, Elon Musk, ” Logan, “, Risa Lieberwitz, Lieberwitz, Brendan McDermid, ” Lieberwitz, Musk, “ Musk, Lea Suzuki, “ Tesla, you’re, Bryan Schwartz, Mike Miller, Miller, Shawn Fain, Alain Jocard, Paul Sancya, Elon, ” Fain Organizations: New, New York CNN, United Auto Workers, Ford, General Motors, Tesla, UAW, EV, UAW doesn’t, San Francisco State University, Getty, Workers, Cornell University School of Industrial and Labor Relations, National Labor Relations Board, Companies, Employers, National Labor Relations Act, “, NLRB, Tesla Inc, Panasonic, Tesla Workers United, SpaceX, San Francisco Chronicle, “ Workers, AP, Detroit automakers, CBS Locations: New York, United States, Detroit, Fremont , California, America, unionize, Austin , Texas, Sparks , Nevada, Buffalo , New York, Buffalo, U.S, Tesla, Fremont , Calif, AFP

☆ Analysis: The affirmative action battle shifts to a new front
▼ + stars: | 2023-10-12 | by ( John Blake | ) edition.cnn.com time to read: +7 min

The lawsuits against the US Navy and West Point suggest that opponents of affirmative action are serious about eliminating any policy of diversity based on race. It’s not surprising that the US Armed Forces have drawn criticism from affirmative action foes. As the country heads into the presidential election year, more lawsuits invoking the Voting Rights Act are expected to follow. Many Black workers historically used auto jobs to build careers, but advancement opportunities have diminished since the early aughts. “But the decline in US auto jobs and the erosion of unions have hit Black workers hardest,” he wrote.

Persons: CNN —, “, ” SFFA, It’s, Henry C, Harris , Jr, Rogers H, Beardon, Frank Frederick Doughton, Elmer B, Edward Blum, Blum, Alabama’s, —, Blum —, Holder, Shelby, you’ve, CNN’s Nathaniel Meyersohn, Evelyn Hockstein, Reuters Meyersohn, ”, John Blake Organizations: CNN, US Naval Academy, Harvard, University of North, Fair, US Military Academy, West, US Navy, US Armed Forces, Defense Department, Black US Army, Military, Fort, US Supreme, Republican, Alabama’s GOP, UAW, United Auto Workers, Detroit’s Big, Reuters Locations: University of North Carolina, America, Fort Benning, Georgia, Alabama, Florida , Louisiana, County, Detroit, Belleville , Michigan

☆ Black UAW workers won progress in America's auto industry. They are on strike for its future
▼ + stars: | 2023-10-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

The percentage of Black workers in the auto industry today is more than double their share of the workforce overall. But the decline in US auto jobs and the erosion of unions have hit Black workers hardest. Black workers are likelier to belong to unions, in any industry, compared to White and Hispanic workers. Black union workers earn on average 16.4% higher wages than non-union Black workers, and they are likelier to have health care and retirement benefits, studies show. Hard-won gains disappearSoon after Black auto workers broke into better paying jobs, the US auto industry began its long decline, decimating Black communities in particular.

Persons: Lynda Jackson’s, Jackson, ” Jackson, ” Lynda Jackson, Lynda S, Emily Elconin, ”, Tiffanie Simmons, Simmons, Steven Pitts, Luke Sharrett, Tesla, “, ” Pitts, Jim Crow, Henry Ford, Nelson Lichtenstein, “ Walter Reuther, Ford, Irving Haberman, Kevin Boyle, Boyle, Philip Randolph, Randolph, Franklin Roosevelt, Walter Reuther, —, James Meredith, Martin Luther King, Jr, Roy Wilkins, Phillip Randolph, Walther Reuther, Martin Luther King Jr, Reuther, ” Boyle, Spencer Platt, Josh Bivens, Biden, Erica Smiley, ” Smiley Organizations: New, New York CNN, Chrysler, Ford, General Motors, United Auto Workers, UAW, Detroit’s, Processing, Bloomberg, Getty, Ford Motor, Economic Policy Institute, UC Berkeley Labor Center ., Tesla, Ku Klux Klan, University of California, America, Northwestern University, Jobs, Walther Reuther . Express, Hulton, Southern Christian Leadership Conference, The League, Revolutionary Black Workers, Black, Economic, Institute, P Global Market Intelligence, Justice Locations: New York, Alabama, Detroit, America, Ypsilanti , Michigan, Wayne , Michigan, Detroit , Michigan, White, Fremont , California, . Mississippi, sharecropping, Chicago , New York, Pittsburgh, Cleveland, AFP, Santa Barbara, Ford's, Rouge, Dearborn , Michigan, Washington, Birmingham, Selma, Black, Flint, Midwest, autoworkers

☆ Trump is attacking electric vehicles. Automakers already bet their future on them
▼ + stars: | 2023-09-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Legacy automakers are pivoting to electric vehicles in response to expected strong consumer demand, tougher environmental regulations both from US states and foreign countries, and a push from Wall Street. Electric vehicles have outpaced growth of traditional internal combustion engine (ICE) cars in recent years. But automakers bucked Trump and agreed to meet tougher standards set by California rather than the Trump administration’s rules. At a Detroit battery plant Wednesday, Trump said America didn’t need what the factory produced“This plant, we just walked through this plant and the electric vehicles are gonna put [automakers] out of business,” Trump said. Trump’s proposals could undermine US companies’ EV investments and hand over control of an increasingly EV future to foreign manufacturers.

Persons: Donald Trump, Donald Trump’s, “ don’t, Trump, ’, ”, Barry Rabe, EVs, Brian Kemp, Ford, Rabe, Biden’s, Tesla, Jon McNeill, McNeill, ” McNeill, EVs Trump, bucked Trump, ” Trump, “, Biden, Rishi Sunak, Lisa Brankin Organizations: New, New York CNN, Detroit, Cox Automotive, Biden, Environmental Protection Agency, University of Michigan, Hyundai, Kia, EV upstarts, Republican Gov, Environmental Defense Fund, Nissan, Mercedes, Benz, Wall, Investors, ICE, General Motors, GM, Biden’s EV, Legacy, DVx Ventures, Tesla, Obama, Trump, America, ” Ford, Fiat, Peugeot Locations: New York, Georgia, South Carolina, Alabama, United States, California, Detroit, Michigan, China

☆ Auto jobs are booming in the union-hostile South
▼ + stars: | 2023-09-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

New York CNN —Looming over the United Auto Workers strike: Automakers’ continued migration to the anti-union South. Jobs at nonunion EV battery facilities pay less than the roughly $32 an hour that veteran UAW workers make. Since 1990, the South’s share of auto jobs has doubled from around 15% to 30% today, according to S&P Global Market Intelligence. Mostly nonunion EV jobs and manufacturing investments are surging in Southern states led by Republicans. The South has picked up 66% of planned EV jobs, while projects in Midwestern states such as Michigan, Indiana, Kansas and Ohio have combined for 26% of planned jobs, according to S&P Global.

Persons: ’, Ford, nonunion autoworkers, ”, Stephen Silvia, Southern, Mason, Honda, Deni McIntyre, unionize, “ It’s, Nelson Lichtenstein, Jeffrey Greenberg, Lichtenstein, Bill Lee, Nikki Haley, Houston Cofield, Biden, Biden’s, Shawn Fain Organizations: New, New York CNN, United Auto Workers, General Motors, Volvo, Benz, BMW, Toyota, Hyundai, American University, Southern Gamble, Workers, Foreign, Ford, GM, Dixon, Midwest, UAW, EV, P Global Market Intelligence, Nissan, Mercedes, Volkswagen, Kia, CNN, University of California, Clinton Presidency, Universal, Southern Republican, South . Tennessee Gov, Former South Carolina Gov, Republicans, North Carolina –, Environmental Defense Fund, P Global, Ford Motor Co, SK Innovation Co, Bloomberg, Getty, Big Three Locations: New York, Detroit, Smyrna , Tennessee, Spartanburg , South Carolina, Vance , Alabama, Lincoln , Alabama, Germany, Santa Barbara, Clinton, Korean, United States, Tennessee, Kentucky, Alabama, South, Chattanooga, Southern, – Georgia, South Carolina , Kentucky, North Carolina, Midwest . Georgia, Michigan, Indiana , Kansas, Ohio, Stanton , Tennessee, BlueOval

☆ How an auto workers strike 87 years ago transformed America
▼ + stars: | 2023-09-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

The workers, members of the tiny United Automobile Workers union founded just a year prior, sought to improve brutal working conditions at mighty General Motors, the world’s largest manufacturer. The UAW’s sit-down strike across GM plants lasted 44 days. The 44-day strike birthed the United Auto Workers union. The UAW is calling its new strategy a “stand up strike,” a reference to the sit-down strike that started 87 years ago, and has launched targeted strikes at selected plants. The sit-down strike also prompted unionization and a wave of strikes in other industries.

Persons: Sheldon Dick, —, Shawn Fain, “ Shawn Fain, ”, Thomas Sugrue, GM foremen, Steven Greenhouse, Tom Watson, Frank Murphy, “, Joseph McCartin, Emily Elconin, Fain, McCartin Organizations: New, New York CNN, General Motors, Fisher, United Automobile Workers, GM, United Auto Workers, UAW, Detroit’s, Motors, Ford, New York University, American Labor, ” Strikers, Chevrolet, NY, Getty Images Police, Management, Flint police, Michigan Gov, National Guard, New York Times, Magazine, Chrysler, “ Auto, Georgetown University, Bloomberg, Getty, Unions, Current UAW Locations: New York, Flint , Michigan, America, Europe, Flint, Bettmann, Ford, Wayne , Michigan

☆ Why America is on strike: writers, auto workers, and actors
▼ + stars: | 2023-09-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

New York CNN —The United Auto Workers strike isn’t happening in a vacuum. From Hollywood writers to nurses, factory workers, and Starbucks baristas, thousands of workers have gone on strike in recent months to demand higher pay and improved benefits and working conditions. Members of the United Auto Workers union line up to enter a membership meeting in advance of the September 14 expiration of their union contract with Stellantis, Ford, and General Motors on September 10, 2023, Detroit, Michigan. Workers gained power during the pandemic as Covid-19 cast a spotlight on essential workers’ sacrifices and the vast disparities among America’s workforce. A striking SAG-AFTRA member pickets with other SAG-AFTRA members and striking WGA (Writers Guild of America) workers outside Warner Bros.

Persons: Paul Frangipane, ”, Joseph McCartin, Jim West, “, ” McCartin, Mario Tama, ” Gallup, Ronald Reagan, Reagan, Dennis Caruso, EPI, Michael M, Shawn Fain, Fain Organizations: New, New York CNN, United Auto Workers, Starbucks, Teamsters, UPS, Labor, Bloomberg, Getty, Georgetown University, Economic, Institute, Ford, General Motors, Stellantis, ZUMA Press Wire Workers, Workers, SAG, WGA, Guild of America, Warner Bros, Gallup, Union, International Brotherhood of Teamsters, Air, NY, “, Companies, Cornell University Institute of Labor Relations, Sinai, UAW Locations: New York, Brooklyn, Detroit , Michigan, Burbank , California, United States

☆ How the airline boarding process became such a mess
▼ + stars: | 2023-09-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

And airlines have made it chaotic by design — so people will pay to get an easier boarding process. Decades ago, airlines used to board first class and use an open boarding process for the main cabin. A better boarding processAirlines have been experimenting with different boarding schemes to try to speed up the process. Jason Steffen, a University of Nevada, Las Vegas physics professor developed a boarding method that boards passengers in rows of two. Southwest Airlines has the fastest boarding process of any major airline by simply allowing people to claim the first available seat.

Persons: New York CNN —, Don’t, Nathan Howard, it’s, you’ve, ”, Henry Harteveldt, Robert Mann, Nicolas Economou, Harteveldt, Massoud Bazargan, Jeffrey Greenberg, ” Bazargan, Aircrafts, —, Wilma, Jason Steffen, Charlie Riedel, Steffen, “ Organizations: New, New York CNN, Atmosphere Research, Carriers, Airlines, Embry, Riddle Aeronautical University, Universal, Transportation Department, Companies, University of Nevada, Southwest Airlines Locations: New York, Daytona Beach , Florida, Las Vegas

☆ American Eagle sues Westfield over San Francisco mall conditions
▼ + stars: | 2023-09-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

It shifted all the blame to San Francisco,” American Eagle said in the complaint. American Eagle signed its lease with Westfield in 2017, and it expires in 2028. Once a bustling retail center in the heart of San Francisco, the San Francisco Centre has taken a significant hit in the past few years. San Francisco Mayor London Breed has proposed tearing down abandoned retail spaces, including the Westfield mall. As San Francisco’s downtown area has struggled over the last three years, property crimes and retail thefts have risen, according to San Francisco Police Department data.

Persons: “, San Francisco Mayor London Breed Organizations: New, New York CNN, Eagle, Westfield, San Francisco Centre, American Eagle, “ Westfield, Nordstrom, San Francisco, San Francisco Mayor London, CNN, San Francisco Police Department Locations: New York, San Francisco, Westfield, Banana Republic, Union, Francisco’s

☆ Airline ticket prices will be cheaper in the fall compared to the summer
▼ + stars: | 2023-09-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But don’t worry if you missed out — falling ticket prices could make fall the better time to fly. Airfare to top international destinations will drop in the fall as well, with prices to Europe down 31% from summer peaks — nearly $330 off ticket prices. Known as “shoulder season,” airfare typically drops in the fall as demand cools off after the busy summer months. The three major US international airlines — American, Delta and United — all saw a surge in international traffic in recent months and added additional service to meet demand. One factor that could cause ticket prices to increase, however, is rising fuel prices.

Persons: ”, Hopper Organizations: New, New York CNN, Spirit Airlines, —, Federal, “, Frontier Airlines, American Airlines, Labor Locations: New York, Europe, Hopper, Delta, United, America

☆ Walmart cut starting pay for some new jobs
▼ + stars: | 2023-09-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

The pay change did not apply to any existing employees. Walmart’s starting pay ranges from $14 to $19 depending on the store and local market. Walmart said it made the change so its starting pay was consistent across store jobs, whether workers were cashiers, shelf stockers or helped with online orders. “Consistent starting pay results in consistent staffing and better customer service,” a Walmart spokesperson said in a statement. While Walmart reduced pay for future hires, it increased the pay scale for some existing employees.

Persons: ” Jefferies, Corey Tarlowe, “ Organizations: New, New York CNN, Walmart, Street Journal, Federal Reserve Locations: New York

☆ Dating app Grindr loses nearly half its staff after trying to force a return to office
▼ + stars: | 2023-09-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —LGBTQ dating app Grindr ended its remote work policies and forced employees to relocate. The CWA also said the return-to-work policy was retaliatory and in response to a union drive at the company. Just two weeks prior to Grindr’s policy change, a majority of employees filed to organize a union. “Rather than recognize the union, the company issued a new return-to-office policy requiring staff to relocate or quit,” the CWA said in a statement. Seventy-one percent of employers that are mandating their on-site work policy reported difficulty retaining workers, according to the survey.

Persons: Grindr, “, ”, Andy Jassy, unaddressed Organizations: New, New York CNN, Communications Workers of America, CWA, Washington D.C, Grindr, National Labor Relations Board, Conference, Labor, Amazon, Meta, Business Locations: New York, — New York, Chicago, Los Angeles, San Francisco, Washington

☆ NFL viewing schedule 2023: It'll be more confusing than ever
▼ + stars: | 2023-09-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

The NFL season kicks off Thursday night with the reigning Super Bowl champion Kansas City Chiefs hosting the Detroit Lions on NBC and its Peacock app. Long gone are the days when NFL games were shown on one or two networks. They are showing more NFL games on streaming platforms, including games exclusively, to try to entice people to sign up. “The NFL is the biggest driver of network ratings and advertising dollars during the fall TV season,” the analysts said. ESPN will air “Monday Night Football” games on ESPN and ESPN+.

Persons: New York CNN —, Long, ABC —, MoffettNathanson, “, Fox, Roger Goodell Organizations: New, New York CNN, National Football League, NFL, Super Bowl, Kansas City Chiefs, Detroit Lions, NBC, Fox, CBS, ESPN, ABC, YouTube, Paramount, Disney, Comcast, Amazon, Football, NBC’s, National Football Conference, American Football Conference, Nickelodeon, Amazon Prime, Google, DirecTV, “ Locations: New York

☆ September is historically the worst month for stocks. That might not be the case this year
▼ + stars: | 2023-09-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —US stocks typically see their worst performance of the year in September, but there are signs the market could avoid a steep downturn this time around. This month has been the worst for stocks on average since 1928, according to Yardeni Research. That’s partly because, much like August, there is a lull in economic data that could catalyze a stock rally. While stocks fell roughly 2% in August, they still outperformed their 4% loss during the same month last year. It’s the latest example of how extreme weather, exacerbated by climate change, impacted major North American attractions this summer, reports my colleague Nathaniel Meyersohn.

Persons: Mark Hackett, Hackett, “, ”, Stocks, he’s, Nathaniel Meyersohn, Red Bull, Jessie Yeung, Junko Ogura, Nissin, Nissin Curry, ” Read Organizations: CNN Business, Bell, CNN, Research, Labor, Nationwide, Reserve, Dow Jones Industrial, Nasdaq, Nvidia, Walt Disney World, Universal Orlando Locations: Saudi Arabia, Russia, Nevada, SeaWorld, Southwest, California, Canada, Florida, Asia, Japan

☆ Tom Brady will be a strategic adviser to Delta
▼ + stars: | 2023-09-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Tom Brady has a new employer: Delta Air Lines. The seven-time Super Bowl champion is expanding his post-NFL career business ventures, joining Delta to work on internal employee training and appear in external advertising campaigns. Delta said Wednesday that Brady would become a “strategic adviser” to the airline. Brady will partner with Delta to develop and advise on “teamwork tools” for the airline’s more than 90,000 employees and take part in select marketing campaigns, the company said. Brady founded health and wellness company TB12 Sports and also owns a media company and the Brady Brand clothing line.

Persons: Tom Brady, Delta, Brady, ”, “, Ed Bastian’s, Allen Adamson, ” Brady, Adamson, BlackBerry, Alicia Keys, will.i.am, Lady Gaga, Beyoncé Knowles, Brady Brand Organizations: New, New York CNN, Delta Air Lines, NFL, Delta, Intel, Polaroid, Adidas, TB12 Sports, British soccer, Birmingham City, League Pickleball, Fox Sports Locations: New York, Delta

☆ Climate change is hurting Six Flags, SeaWorld and Disney World
▼ + stars: | 2023-09-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

It’s the latest example of how extreme weather, exacerbated by climate change, impacted major North American attractions this summer. Extreme heat in Florida also disrupted attendance at Walt Disney World and Universal Orlando this summer. Theme parks are building indoor rides and changing ticket policies to respond to brutal weather conditions. Golding has lowered his estimates for the theme park industry because of growing risks from extreme weather. SeaWorld warns in its annual report to investors that extreme weather events could cause it to “incur significant costs.”“The series of extreme weather events experienced in recent years presents an alarming trend,” SeaWorld said.

Persons: ” Paul Golding, Golding, Brian Witherow, Cedar, James Forrester, Hurricane Ian, Gary Mick, Mick Organizations: New, New York CNN, Walt Disney World, Universal Orlando, Macquarie Research, Knott’s, SeaWorld, Flags, Wall Street Locations: New York, Nevada, SeaWorld, Southwest, California, Canada, Florida, Ontario, Knott’s Berry, Florida , Texas, Virginia, Northeast

☆ Best Buy expects tech demand to hit a low this year
▼ + stars: | 2023-08-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Best Buy expects declining tech sales to hit a low this year before stabilizing, in another sign of consumer caution around discretionary spending and retail purchases. Best Buy expects tech spending to hit a low this year before stabilizing. Bruce Bennett/Getty ImagesFor fiscal year 2024, the company now expects revenue of $43.8 billion to $44.5 billion, instead of $43.8 billion to $45.2 billion as it said in previous guidance. It expects sales at stores, websites and call centers open at least 14 months, known as comparable sales, to decline 4.5% to 6% for the year. In the quarter, comparable sales fell 6.3% domestically, year-over-year.

Persons: ” Corie Barry, ”, Bruce Bennett, Barry, “, — CNN’s Nathaniel Meyersohn, Anna Bahney Organizations: New, New York CNN, Revenue Locations: New York

☆ Stores are leaving San Francisco. Ikea is opening this week
▼ + stars: | 2023-08-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Ikea is opening a new store in downtown San Francisco Wednesday, bucking the trend of retailers closing in the city. Ikea is opening a new store this week in downtown San Francisco at 945 Market Street. While violent crime statistics in San Francisco have remained relatively low in recent years, property crimes have risen since 2020, according to San Francisco Police Department data. Activity this spring in downtown San Francisco, as measured by mobile phone use, was 68% below its pre-pandemic levels, the largest decline of any US city. In June, shopping mall operator Westfield announced it would give up control of its San Francisco mall, citing “challenging operating conditions in downtown San Francisco, which have led to declines in sales, occupancy and foot traffic.”A month earlier, Nordstrom, one of the biggest retailers in Westfield, said it would shutter both of its San Francisco stores.

Persons: San Francisco Mayor London Breed, Nordstrom, San Organizations: New, New York CNN, Ikea, Shoppers, IKEA, San Francisco Mayor London, San Francisco Police Department, Westfield Locations: New York, San Francisco, San, San Francisco’s Union, Westfield, Francisco

☆ Why you have to walk so far to your gate at the airport
▼ + stars: | 2023-08-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

Eduardo Munoz/ReutersTreks at the airport have been getting worse ever since security changes were implemented after the September 11, 2001, attacks. In Newark, Chicago and other cities’ airport terminals, moving walkways have been removed to make room for more shops and restaurants. Some new airport terminals have recently opened without moving walkways. The airport is now building a tunnel to shorten the walk from security to the concourse. So, are people missing flights now because they have to walk so far?

Persons: Chanel, Estée Lauder, Auntie Anne’s, Larry Summers, Eduardo Munoz, ”, Henry Harteveldt, Alexander Thome, Stefani Reynolds, ” Harteveldt, Wilson Rayfield, Gresham Smith, Patrick T, Fallon Organizations: New, New York CNN, Hudson News, Starbucks, Reuters, Atmosphere Research, Airports, Getty, Gresham, Dallas, Los Angeles International Airport, Harbor, Orlando International, International Airport Locations: New York, LaGuardia, Newark , Chicago, AFP, monorails, United States, Dallas Fort Worth, Salt Lake

☆ Walmart’s sales are surging
▼ + stars: | 2023-08-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: 1 min

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☆ Target's Pride Month collection backlash hurt sales
▼ + stars: | 2023-08-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Backlash to Target’s Pride Month clothing collection — and the company’s response — also hit sales. More than half of Target (TGT)’s merchandise is discretionary – clothing, home decor, electronics, toys, party supplies and other non-essentials. Pride Month backlashTarget has also been embroiled in the political culture wars over gender and sexual orientation. Beginning in May, Target also faced a homophobic campaign that went viral on social media over its annual Pride Month clothing collection. Fueled by far-right personalities, the anti-LGBTQ campaign spread misleading information about the Pride Month products.

Persons: —, Target, “, ” Michael Baker, DA Davidson Organizations: New, New York CNN, Pride, Target, DA Locations: New York

☆ Home Depot sales drop as housing market cools
▼ + stars: | 2023-08-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: 1 min

☆ Biden's climate law has led to 86,000 new jobs and $132 billion in investments, new report says
▼ + stars: | 2023-08-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

More than 270 new clean energy projects have been announced since the passage of the Inflation Reduction Act (IRA), with private investments totaling $132 billion, according to the report. These investments are expected to be accompanied by more than 86,000 jobs, including 50,000 jobs related to electric vehicles. The Inflation Reduction Act “is not only working to strengthen supply chains but also to boost domestic manufacturing and create new jobs,” Bank of America said in the report. The nearly $370 billion clean energy and climate package, which passed on a party-line vote, was the largest climate investment in US history. The law is driving the most clean energy job growth in Georgia, South Carolina, Nevada and Tennessee.

Persons: it’s, Joe Biden, Biden, ” Organizations: New, New York CNN, of America, ” Bank of America, White, Bank of America, Washington Post Locations: New York, EVs, Georgia , South Carolina , Nevada, Tennessee, Wisconsin

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