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The CEO of Kroger, America's largest supermarket chain, explains why the company's merger with the country's 6th-favorite grocer puts them in the perfect position to take on Amazon and Whole Foods (KR)

Kroger CEO Rodney McMullen spoke about his company's omnichannel strategy at the National Retail Federation's 2019 Big Show. In an interview with the CNBC anchor Sara Eisen, McMullen discussed how Kroger's merger with the grocery chain Harris Teeter had spurred a digital expansion. The Kroger CEO and chairman said the 2014 merger was a response to the belief that Amazon would eventually acquire or create a physical grocery chain. In 2017, Amazon confirmed those suspicions by acquiring Whole Fo...
Tags: Amazon, Microsoft, America, Trends, Walgreens, Manhattan, North Carolina, Cnbc, Kroger, Harris Teeter, McMullen, Eisen, Simple Truth, Amazon Walmart, Rodney McMullen, Amazon Don


Leaked memo spells out Facebook's new 'ground rules' restricting employee discussions about politics and religion (FB)

Facebook is bringing in new rules about how employees can discuss politics and religion internally. In an internal memo obtained by Business Insider, chief technology officer Mike Schroepfer said the company has drawn up fresh guidelines for internal discussions. Much of the rules apply to Workplace, Facebook's internal communication app, which the company is investing in stronger moderation tools for. The changes come amid falling employee morale and some employee criticism of Facebook's poli...
Tags: Apple, Facebook, Workplace, Trends, Myanmar, Silicon Valley, Signal, Cnbc, Anthony Harrison, Don, Schroepfer, Mike Schroepfer, Cambridge Analytica, Business Insider Facebook, Workplace Facebook, Brian Amerige


Insiders say that Google's new cloud boss is likely to make some very large acquisitions (GOOGL, MSFT, AMZN, OKTA, TEAM, NOW, SPLK)

Former Oracle executive Thomas Kurian takes over as CEO of Google Cloud this month.  Industry analysts and insiders anticipate that his reign will mark a new age of aggressive acquisitions at Google Cloud. While it's unclear exactly what Kurian will buy, rumors have spread about a possible Atlassian acquisition, while some analysts are excited about the idea of it buying the software company ServiceNow. In mid-December, 8,000 developers met up in Seattle for KubeCon, a conference centered aro...
Tags: Google, Amazon, Lyft, Beyonce, Microsoft, Okta, Trends, David, Ibm, Seattle, Oracle, Cnbc, Amazon Web Services, Atlassian, Splunk, Red Hat


Where to find Liverpool vs. Crystal Palace on US TV and streaming

If you’re trying to find out how you can watch Liverpool vs. Crystal Palace on US TV in the Premier League, you’ve come to the right place. For viewers in the US, Liverpool vs. Crystal Palace will be shown on TV and streaming (more details below). Match: Liverpool vs. Crystal Palace Kickoff: Saturday, 10am ET Looking to watch Liverpool vs. Crystal Palace online from your work, home or on the go? If you live in the USA, there are several options to catch all the action. We Recommend...
Tags: Google, Facebook, Usa, England, Nbc, Mexico, US, Sport, Soccer, Premier League, Liverpool, Crystal Palace, Cnbc, NBCSN, Roku Amazon Fire TV, Roku Apple


Tesla to cut workforce by 7% and focus on Model 3 production

Tesla is cutting 7% of its full-time workforce. The company disclosed the headcount reduction in an update emailed to all employees and also posted to its website. In the email, CEO Elon Musk says the focus must be on delivering “at least the mid-range Model 3 variant in all markets”. He also warns those employees not set to be axed that there are “many companies that can offer a better work-life balance, because they are larger and more mature or in industries that are not so voraciously compet...
Tags: Asia, Europe, Elon Musk, US, Tech, Tesla, Earth, Automotive, North America, Cnbc, Musk, GAAP, Powerwall


Tesla Is Cutting 7 Percent of Its Workforce To Reduce Model 3 Price

Tesla CEO Elon Musk announced today that the company would cut 7% of its workforce in order to cut costs as the company prepares to ramp up production and boost margins as they get closer to releasing the long-awaited $35,000 version of the Model 3. CNBC reports: Musk says Tesla faces "an extremely difficult challenge" in making their products a competitive alternative to traditional vehicles, adding that he expects Q4 profit to come in significantly lower than Q3. Five experts weigh in on wheth...
Tags: Elon Musk, Tech, Tesla, Canaccord Genuity, Cnbc, Musk, Oppenheimer, Roth Capital, Needham, Westly Group, Rusch, Colin Rusch, Steve Westly, Jed Dorsheimer, Craig Irwin, Raji Gil


Walmart abandons its plans for a streaming Netflix killer

Rumored plans for a Walmart owned, Vudu-labeled Netflix streaming killer have been shelved according to a new report from CNBC. The billions it would have needed to invest in order to compete apparently gave the mega retailer cold feet. The post Walmart abandons its plans for a streaming Netflix killer appeared first on Digital Trends.
Tags: Trends, Walmart, Netflix, Home Theater, Cnbc, VUDU


Netflix Says It Has 10 Percent of All TV Time In the US

In its fourth-quarter 2018 earnings report, Netflix disclosed some of its viewership numbers for hits such as "Bird Box." "Overall, Netflix said it serves about 100 million hours of video per day, earning an estimated 10 percent of all time spent in front of the TV in the U.S.," reports CNBC. The company also said "Bird Box" reached 80 million member households in its first four weeks on the streaming service. Unfortunately, it still didn't show exactly how many people have viewed the content. F...
Tags: US, New Orleans Saints, NFL, Tech, Spain, Turkey, Bbc, Netflix, Italy, Dallas Cowboys, Nielsen, Cnbc, Fortnite, Bird Box, Bird Box Overall Netflix


Michael Cohen Says He Tried To Rig Online Polls 'at the Direction' of Donald Trump

Dan Mangan, writing for CNBC: President Donald Trump's former personal lawyer and longtime fixer Michael Cohen on Thursday said he tried to rig online polls -- including one conducted by CNBC -- "at the direction and for the sole benefit of" Trump when he was thinking about making a run for the White House. "I truly regret my blind loyalty to a man who doesn't deserve it," Cohen said in a tweet copping to the electronic chicanery to have Trump's name rank higher in online polls than it otherwise...
Tags: White House, Tech, Donald Trump, Wall Street Journal, Cnbc, Trump, Cohen, Michael Cohen, Dan Mangan


Walmart Brushes Off Reports of Streaming Development Halt

Walmart isn’t ruling out options for a potential streaming video service, a company spokesperson says. Responding to a CNBC report that the mega-retailer had decided not to launch its own streaming entertainment service after all, Walmart would not confirm that there was any halt in development of such a platform, and did not have anything definitive […]
Tags: News, Walmart, Cnbc, VUDU


Costco might launch its own streaming service for 'average Americans' to compete with Netflix and Amazon (COST)

Costco has discussed building a video-streaming service geared towards "average Americans," according to a CNBC report.  Mark Greenberg, a TV industry veteran, reportedly held talks with Costco about the streaming service. Greenberg was previously working with Walmart to create a similar service, but talks reportedly fell apart last year.  Amazon has used its streaming service to build customer loyalty, but critics say that the e-commerce giant and Netflix ignore conservative and Middle Americ...
Tags: Amazon, Trends, Walmart, Netflix, Jeff Bezos, Donald Trump, Costco, Wall Street Journal, Cnbc, Kroger, Denny, Greenberg, Middle America, Mark Greenberg, Obamas And Amazon, CNBC Costco


WSJ: Liberty University Administrator Involved in Michael Cohen Fake News Scheme

They will know we are Christians by our fake news. In a surprising plot twist, the Wall Street Journal reports this morning that President Trump’s former lawyer Michael Cohen is being accused of failing to pay the Chief Information Officer of Liberty University John Gauger for his poll rigging services. Cohen arranged with Gauger’s tech firm to manipulate the results of two online polls and set up a fake Twitter account. Gauger claims Cohen didn’t pay him in full. Womp, womp. According to the WS...
Tags: Health, Liberty, Wall Street Journal, Infertility, Cnbc, WSJ, Trump, Liberty University, Cohen, Wal Mart, Michael Cohen, Drudge, Gauger, John Gauger


Michael Cohen reportedly paid someone to run a Twitter account called @WomenForCohen that described him as a 'sex symbol'

The Wall Street Journal reported that Michael Cohen paid a small tech consultancy named RedFinch to create a Twitter account dedicated to him. @WomenForCohen describes President Trump's former lawyer as a "pit bull" and "sex symbol." Cohen also paid RedFinch to try to rig two online polls in 2014 and 2015, about business leaders and potential GOP candidates, in Trump's favor, The Journal said.  Cohen has since broken from Trump and is due to testify to Congress next month in what will likely b...
Tags: Congress, China, Virginia, Russia, Trends, Walmart, Gop, Moscow, Msnbc, Donald Trump, MMA, Wall Street Journal, Journal, Cnbc, Trump, Cohen


Kroger Chairman & CEO McMullen Bullish on Private Brand

Kroger Co. Chairman and CEO Rodney McMullen delivers a keynote presentation moderated by CNBC Anchor Sara Eisen in New York City at NRF 2019: Retail’s Big Show. Kroger Chairman and CEO Rodney McMullen provided his outlook on the future of retail at this weeks’ annual NRF 2019: Retail’s Big Show in New York City during a dynamic keynote presentation themed Restocking the future: Kroger’s insatiable appetite to play and win the long game. CNBC “Squawk on the Street” and “Closing Bell” Anchor Sar...
Tags: Featured, New York City, Digital, America, Walgreens, Alibaba, Retail, Grocery, Cnbc, Branding, Kroger, Kroger Co, McMullen, Simple Truth, Rodney McMullen, Sara Eisen


Etihad offers to invest in Jet Airways at 49% discount

Etihad offers to invest in Jet Airways at 49% discount:Etihad Airways has offered to pick up shares of debt-laden Jet Airways Ltd at a 49 per cent discount and to immediately release $35 million (Dh128.55 million) to bail out the troubled carrier if certain conditions are met, CNBC-TV18 reported.Shares of Jet Airways, in which Etihad already has a 24 per cent stake, fell as much as 7.5 per cent to Rs271.75 ($3.83; Dh14.10) in their biggest intraday drop since early December, after CNBC-TV18 repo...
Tags: Travel, Etihad, Cnbc, Jet Airways, Etihad Airways, Rupert Neil Bumfrey, Tony Douglas, Jet Airways Ltd, State Bank of India Jet


Lance Amstrong just wrote his first check as VC

Lance Armstrong revealed last month that an early investment in Uber — courtesy of a $100,000 check that he funneled into the company in 2009 through Lowercase Capital —  “saved” his family from financial ruin after evidence surfaced in 2012 that he used performance-enhancing drugs and he was stripped not only of his seven consecutive Tour de France titles but the many lucrative endorsement deals he enjoyed at the time. Armstrong, talking with CNBC in December, declined to say how big a retur...
Tags: TC, Uber, Colorado, Tech, Lance Armstrong, Cnbc, Aspen, Lowercase Capital, Architectural Digest, Armstrong, Andrew Ross Sorkin, Carlsbad CA, Powerdot, Lance Amstrong, Next Ventures


Lance Armstrong just wrote his first check as VC

Lance Armstrong revealed last month that an early investment in Uber — courtesy of a $100,000 check that he funneled into the company in 2009 through Lowercase Capital —  “saved” his family from financial ruin. This was after evidence surfaced in 2012 that he used performance-enhancing drugs, and he was stripped not only of his seven consecutive Tour de France titles but also lost the many lucrative endorsement deals he enjoyed at the time. Armstrong, talking with CNBC in December, declined t...
Tags: TC, Uber, Colorado, Tech, Lance Armstrong, Cnbc, Aspen, Lowercase Capital, Architectural Digest, Armstrong, Andrew Ross Sorkin, Carlsbad CA, Powerdot, Next Ventures


Does housing ‘affordability’ matter? Is homebuying you-get-what-you-pay-for?

Why do the states with housing’s highest “affordability” measurements — much-discussed but perhaps dubious economic yardsticks — have more borrowers who can’t make their mortgage payments? Take California, which usually scores low on the traditional “affordability” ladder. Its homeowners are currently making their house payments with greater frequency. The state’s home listings are priced at 55 percent of normal “affordability,” according to one housing-cost index from the National Association o...
Tags: Business, Real Estate, Texas, Maryland, California, Housing, Sport, US news, Soccer, Bureau of Labor Statistics, Missouri, Ohio, Oxfam, Cnbc, Cato Institute, WalletHub


Does affordability matter: Why delinquent mortgages more common in ‘most affordable’ states

Why do the states with housing’s highest “affordability” measurements — much-discussed but perhaps dubious economic yardsticks — have more borrowers who can’t make their mortgage payments? Take California, which usually scores low on the traditional “affordability” ladder. Its homeowners are currently making their house payments with greater frequency. The state’s home listings are priced at 55 percent of normal “affordability,” according to one housing-cost index from the National Association o...
Tags: Business, Real Estate, Texas, Maryland, California, Housing, Sport, US news, Soccer, Bureau of Labor Statistics, Missouri, Ohio, Oxfam, Cnbc, Cato Institute, WalletHub


4 Management Mistakes That Hurt Employee Retention

Whose responsibility is employee retention? This is a difficult question, because you can’t just make a note on a single individual’s job description that says “You’re personally responsible for making sure all the employees we hire keep working with us”. Yet, since recruiting and training are expensive and time consuming, it’s important to retain outstanding employees. So how do you approach this? Who do you hold accountable for ensuring that excellent employees stay with your company once hire...
Tags: Sales, More, Cnbc, Forbes, Taking Credit for Employees Work According, Karen Higginbottom


Etihad offers to invest in Jet Airways at 49 pct discount - report

Etihad Airways has offered to pick up shares of debt-laden Jet Airways Ltd at a 49 percent discount and to immediately release $35 million to bail out the troubled carrier if certain conditions are met, CNBC-TV18 reported.
Tags: Money, businessNews, Etihad, Cnbc, Jet Airways, Etihad Airways, Jet Airways Ltd


Etihad proposes to invest in Jet Airways at 49 percent discount - report

Etihad Airways has offered to pick up shares of debt-laden Indian carrier Jet Airways Ltd at a 49 percent discount and to immediately release $35 million after certain conditions are met, CNBC-TV18 reported on Wednesday.
Tags: Money, businessNews, Etihad, Cnbc, Jet Airways, Etihad Airways, Jet Airways Ltd


Hackers Broke Into An SEC Database and Made Millions From Inside Information, Says DOJ

Federal prosecutors unveiled charges in an international stock-trading scheme that involved hacking into the Securities and Exchange Commission's EDGAR corporate filing system. "The scheme allegedly netted $4.1 million for fraudsters from the U.S., Russia and Ukraine," reports CNBC. "Using 157 corporate earnings announcements, the group was able to execute trades on material nonpublic information. Most of those filings were 'test filings,' which corporations upload to the SEC's website." From th...
Tags: Russia, Tech, Ukraine, SEC, Lithuania, Doj, Cnbc, Securities And Exchange Commission, Edgar, Carpenito


SCOTUS Declines To Rule On Matthew Whitaker’s Appointment As Acting Attorney General

CNBC: In an unusual maneuver, Goldstein also used the case to raise the question of whether Trump’s acting attorney general, Matthew Whitaker, was constitutionally appointed. Trump appointed Whitaker in November after forcing out Jeff Sessions. Critics immediately pounced on the appointment, arguing that it was unlawful because Whitaker had not been confirmed by the Senate to the post he held at the time of his elevation to acting attorney general. Goldstein made his client’s gun rights case int...
Tags: Supreme Court, Senate, Court, Military, Gun Control, Cnbc, Trump, Whitaker, AG, Matthew Whitaker, Goldstein, Rod Rosenstein, Barry Michaels


Leaked memo spells out Facebook’s new ‘ground rules’ restricting employee discussions about politics and religion (FB)

Facebook is bringing in new rules about how employees can discuss politics and religion internally. In an internal memo obtained by Business Insider, CTO Mike Schroepfer said the company had drawn up new guidelines for internal discussions. Much of the rules apply to Workplace, Facebook's internal communication app, and the company is investing in stronger moderation tools for it. The changes comes amid falling employee morale and some employee criticism of Facebook's political culture. You ca...
Tags: Apple, Facebook, Workplace, Trends, Myanmar, Silicon Valley, Signal, Cnbc, Anthony Harrison, Don, Schroepfer, Mike Schroepfer, Cambridge Analytica, Business Insider Facebook, Workplace Facebook, Brian Amerige


Facebook is introducing new rules for employees about discussing politics and religion (FB)

Facebook is bring in new rules about how employees can discuss politics and religion internally. In an internal memo obtained by Business Insider, CTO Mike Schroepfer said the company had drawn up new guidelines for internal discussions. Much of the rules apply to Workplace, Facebook's internal communication app, and the company is investing in stronger moderation tools for it. The changes comes amid falling employee morale and some employee criticism of Facebook's political culture. You can r...
Tags: Facebook, Workplace, Trends, Myanmar, Silicon Valley, Jeff Bezos, Signal, Cnbc, Anthony Harrison, Don, Schroepfer, Mike Schroepfer, Cambridge Analytica, Business Insider Facebook, Workplace Facebook, Brian Amerige


Netflix just announced the biggest price increase in the history of its streaming service

Netflix increased the prices of all three of its US plans on Tuesday, some by as much as 18%, which makes this the most substantial price jump since the streaming service debuted in 2007. As reported by CNBC on Tuesday morning, the standard plan -- which offers HD video and allows users to watch from up to two devices at once -- will be subjected to the largest price hike, percentage-wise, as it climbs from $10.99 a month to $12.99 a month. As CNBC points out, that's still cheaper than HBO ...
Tags: News, US, Netflix, Cnbc, Hbo Now


NBCUniversal Will Launch Its Own Streaming Service in 2020

NBCUniversal will launch its own streaming service in 2020 As the streaming wars continue vying for the attention of viewers, NBCUniversal has thrown its hat into the ring with its own plans to launch a new ad-supporting streaming platform. According to CNBC, the company (which is owned by Comcast) is planning to launch an ad-supported streaming service which will be free to anyone who already subscribes to a pay-TV platform — like cable or satellite. Those who don’t have a pay-TV service ca...
Tags: TV, Movies, Nbc, Disney, Netflix, Comcast, Nbcuniversal, Sony, Parks and Recreation, Universal, Hulu, Cnbc, Burke, Steve Burke, Streaming News


Delta's CEO said the airline will lose $25 million this month due to the government shutdown (DAL)

Delta Air Lines CEO Ed Bastian told CNBC on Tuesday that the airline will lose $25 million in revenue in January and any other full month in which the federal government is shut down. The lost revenue will result from reduced travel by government employees and contractors, Bastian told the channel. Delta reported on Tuesday a profit of $1.02 billion ($1.49 per share) on revenue of $10.74 billion. Delta Air Lines CEO Ed Bastian told CNBC on Tuesday that the airline will lose $25 million in rev...
Tags: Europe, New York, London, US, America, Trends, Aer Lingus, Delta, Tsa, Dublin, Cnbc, Delta Air Lines, Bastian, Transportation Security Administration TSA, Ed Bastian, Hydrick Thomas


NBCUniversal announces streaming service that will be free to paid TV subscribers

NBCUniversal is joining the long list of media giants looking to compete with Netflix. The company today announced plans to launch its own streaming service service in early 2020. The still-unnamed service will include advertising and will be available at no additional cost to pay TV subscribers. If you aren’t a pay TV subscriber, or if you want to watch without ads, you’ll also be able to buy a standalone subscription. Many of the specifics have yet to be announced, but CNBC reports that it ...
Tags: Hollywood, Media, Nbc, Tech, Netflix, Nbcuniversal, Hulu, Cnbc, NBCUniversal Disney, Comcast Cable, Burke, Netflix Amazon, Steve Burke, NBC TV, Parks Recreation, Bonnie Hammer