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Bank of America uncovers shift in Gen Z homebuying

June 30, 2026 MMN Editor Filed Under: Uncategorized

About 32% of Gen Z homebuyers used AI tools in the past year to research the home-buying process, the Bank of America Institute found.That scenario is already unfolding for a growing number of young Americans approaching homeownership in a fundamentally different way from their parents. They are turning to artificial intelligence tools to figure out whether they can afford to buy a home at all.But the same buyers who trust algorithms with their early research are drawing a firm line when the financial and legal stakes get highest.The Bank of America 2026 Homebuyer Insights Report, released in June, documents how digital tools and human professionals now both factor into the homebuying process.Gen Z leads adoption of AI tools for home-buying researchBased on the Bank of America Institute survey, the 32% figure drops to 28% among millennials and to 20% among all prospective buyers and current homeowners who participated. The gap underscores how much younger buyers have embraced technology as a natural first step toward purchasing a home.Among Gen Z respondents who used AI, 57% used it to estimate affordability, mortgage payments, or closing costs; 55% used it for general education about the homebuying process; and 52% used it to research neighborhoods, market trends, or property values.Related: Zillow exposes hidden threat making homes unaffordableGraham Paterson, CEO of Jitty, said Gen Z’s natural distrust of traditional experts, combined with their unfamiliarity with the homebuying process, makes them far more inclined to turn to AI for guidance.”Gen Z is just naturally that much more distrusting, and because they don’t know the home-buying process, they’re much more likely to look for answers in something like AI,” Paterson told Fortune.Graham Paterson also told Fortune that younger buyers expect personalized digital experiences. They grew up with recommendation algorithms on streaming and social media platforms, and now apply those same expectations to home searches. His platform has grown between 30% and 80% month over month and recently surpassed 3 million website visitors, Paterson said.Younger buyers still prefer human professionals for tours and contractsDespite the growing enthusiasm for AI-powered research, Gen Z draws a clear boundary between browsing listings and signing binding contracts.More than half of prospective homebuyers in the survey said they prefer working with a human professional for tasks like touring properties and reviewing legal contracts.Jessica Li, a real estate agent at Atlanta Fine Homes Sotheby’s International Realty, told Fortune that a skilled buyer’s agent makes a measurable difference. Having someone negotiate on your behalf could mean securing a concession worth thousands of dollars rather than paying the full asking price, Li explained. “Housing is a tangible thing,” She said. “Until we have all the robots, I think, we’ll be important.”

AI may help buyers find homes, but Gen Z still trusts human agents for tours, contracts, and negotiating better real estate deals.Dougal Waters/Getty Images

Affordability pressure pushes Gen Z toward creative home-buying strategiesThe AI adoption trend exists within a broader context of severe affordability constraints that increasingly define this generation’s path to homeownership.About 58% of prospective buyers cited high home prices as a barrier to purchasing, up sharply from 46% in 2025, according to the Bank of America report. Nearly half (47%) cited elevated mortgage rates as a separate obstacle, up from 40% the prior year.More Real Estate:Americans face major decision after housing market newsZillow reveals major housing market shiftRealtor.com, ATTOM flag alarming housing riskThose cost pressures are pushing Gen Z toward home-buying strategies designed to spread costs across more than one buyer. Nearly one in three Gen Z respondents said they are considering co-buying a property with friends or family members.About 28% of Gen Z respondents reported taking on additional work to improve their financial position, and 31% plan to use homebuyer assistance programs, according to the survey.Confidence in homeownership is rising despite elevated housing costsThe affordability squeeze has not weakened Gen Z’s long-term belief in homeownership, and growing optimism could reshape buyer demand as the generation enters prime purchasing years.Across all survey respondents, 90% described homeownership as a valuable investment, up from 79% a year earlier, the Bank of America report found. Among Gen Z specifically, the share waiting for prices and interest rates to fall before purchasing dropped to 68%, down from 74% in 2025.What AI-fluent Gen Z buyers signal for the broader housing marketThat overall 20% adoption rate is poised to climb as Gen Z and millennials move deeper into their prime homebuying years over the coming decade.The survey reinforces that technology is supplementing, rather than replacing, the role of real estate professionals, a key distinction for the broader industry.Gen Z is not waiting for perfect conditions or relying on a single source of guidance when purchasing the most expensive asset of their lives. The blend of AI-powered research and human expertise at the closing table may set the template for how future Americans approach homeownership.Related: Berkshire Hathaway says to ignore this home-buying red flag

Verizon acquires 35-year-old wireless carrier as it shuts down

June 30, 2026 MMN Editor Filed Under: Uncategorized

Verizon is acquiring a 35-year-old wireless competitor that is shutting down as consolidation in the U.S. wireless market continues to accelerate.For instance, in 2014, AT&T completed its acquisition of Leap Wireless, which owned Cricket Wireless, for $1.2 billion. Before the merger, Leap Wireless had almost 5 million customers through Cricket Wireless, making it the fifth-largest wireless carrier in the U.S. at the time. In 2020, T-Mobile officially merged with growing rival, Sprint, for $26 billion. Sprint was the fourth-largest wireless provider in the U.S., with over 54 million customers. Most recently, T-Mobile acquired UScellular’s wireless operations for $4.3 billion in August last year. Before merging with T-Mobile, UScellular had about 4.5 million customers and was the fifth-largest U.S. carrier. Verizon expands customer base by acquiring Carolina West WirelessNow, Verizon is following its wireless peers by purchasing Carolina West Wireless, which is permanently shutting down its services on Sept. 30, according to a message to customers on its website. Carolina West Wireless has been offering wireless service in Western and Northwestern North Carolina for 35 years, serving roughly 90,000 customers. “After careful consideration, the decision has been made to transition our wireless network to Verizon and discontinue our wireless services,” said Carolina West Wireless in a statement to PhoneArena.“While this decision was not made lightly, it reflects a clear priority: ensuring that our customers and communities continue to have access to the very best connectivity – both now and for years to come,” it continued.Over the past few years, Carolina West Wireless has struggled to maintain its cell sites due to an 80% reduction in funding from the Universal Service Fund, according to a recent report from Fierce Network. Related: Verizon CEO doubles down on removing free offers for customersIt also used to dominate about 60% of its coverage area; however, that percentage declined to 30% in 2024 amid rising competition.Carolina West Wireless warned customers that starting July 1, they will need to “take action” to transition their wireless service to Verizon. “For your convenience, Verizon representatives will be present at pop-up locations and all our retail store locations during normal business hours,” said the company on its website.To lessen the blow of the upcoming transition, Verizon is offering Carolina West Wireless customers a $150 Mastercard gift card per line of service and is waiving activation fees if they switch to its network before July 30.In a statement to TheStreet, RTMNexus CEO Dominick Miserandino said that the growing popularity of acquisitions in the wireless industry, such as the one between Verizon and Carolina West Wireless, can be both beneficial and troubling for consumers. “The rapid consolidation of the wireless industry is a double-edged sword for consumers,” said Miserandino. “When smaller, regional networks fail, selling out to a giant like Verizon is often the only way to save the service. It brings immediate reliability to rural areas.” “However, as the marketplace shrinks down to just three massive players, the consumer completely loses their leverage,” he continued. “When you eliminate local competition, you lose the only safety net that keeps national cell phone bills from creeping higher and higher.”

Verizon acquires Carolina West Wireless. Shutterstock/Brandon Klein

Verizon faces intensifying U.S. wireless competitionVerizon’s latest move comes after it acquired Frontier Communications for $20 billion in January, allowing it to expand its converged mobile and internet offerings to customers. It is no secret that Verizon is facing elevated wireless competition, which is why it is taking bolder measures to reach more customers. While the carrier is battling heightened promotional activity from AT&T and T-Mobile, it is also facing competition from mobile virtual network operators (MVNOs), which are increasingly gaining consumer interest due to their low prices.A survey conducted by WhistleOut in December found that 34% of Verizon, AT&T, and T-Mobile customers plan to switch to an MVNO within the next year as they face high mobile plan pricing. Verizon is also facing increased competition from cable providers such as Spectrum and Comcast’s Xfinity, which have attracted a surge of new mobile customers through converged cable TV, wireless, and internet offers in recent months. More Verizon News:Verizon CEO doubles down on removing free offers for customersVerizon adds generous offers for customers after price increaseVerizon makes surprising phone plan change that could backfireThe rise of satellite mobile services is also another growing threat to Verizon. SpaceX’s Starlink Mobile recently surpassed 10 million subscribers, according to a report from SDX Central. It currently partners with other wireless carriers, such as T-Mobile, to provide its service to U.S. consumers. However, Starlink Mobile reportedly plans to build its own terrestrial U.S. mobile network and launch retail mobile service for ​consumers, rivaling Verizon, T-Mobile and AT&T, according to a recent report from The Financial Times. “SpaceX will disrupt the $1.6 [trillion] communications industry, in our view,” wrote  Oppenheimer analyst Timothy Horan in a June 3 analyst note, which was obtained by MarketWatch.In addition to the rapid growth of SpaceX’s Starlink, Amazon plans to soon offer cellular coverage through the upcoming launch of its satellite network, Amazon Leo.As wireless competition intensifies, a recent J.D. Power survey found that Verizon is struggling to surpass several of its rivals in consumer satisfaction with its postpaid phone plans. Where Verizon lands in consumer satisfaction rankings for postpaid phone plans:The average consumer satisfaction score for postpaid wireless plans offered by traditional carriers is 603 on a 1000-point scale. In this category, T-Mobile led with ascore of 631, followed by Verizon at 593 and AT&T at 587.MVNOs outperformed the major carriers, posting an average consumer satisfaction score of 630 for postpaid phone plans.Within the MVNO segment, Consumer Cellular ranked highest at 721, with Google Fi Wireless coming in at 685 and Spectrum Mobile trailing the group at 614.
Source: J.D. Power
Related: Verizon drops 2 new plans as wireless customers flee high prices

Palantir’s 2 deals answer a question investors keep asking

June 30, 2026 MMN Editor Filed Under: Uncategorized

Palantir Technologies Inc. (PLTR) confirmed two separate partnerships on Monday, June 29, one with a private aviation startup and one with Nvidia.Most coverage will treat these as routine corporate news. The pattern underneath them is not routine, however. It points to how Palantir plans to defend a valuation that has come under serious pressure this year.Palantir is working with Surf Air Mobility to expand commercial use of its OperatorOS, OwnerOS, and SurfOS platforms, according to a company press release.Separately, Palantir struck a deal to run Nvidia’s AI and Nemotron open models inside sovereign environments built for U.S. government agencies and critical infrastructure.The Surf Air deal is about depth. Palantir is dedicating resources specifically to win over aircraft operators, brokers, owners, and manufacturers in private aviation. It’s a market Ted Mabrey, Palantir’s global head of commercial, called fragmented and reliant on manual processes.The Nvidia deal, on the other hand, is about defensibility. It gives U.S. agencies a way to run powerful open models without sending proprietary data into a closed system they don’t control.The Nvidia relationship is not new, and that mattersThis is not Palantir’s first deal with Nvidia. The two companies already integrated Nvidia’s GPU computing and Nemotron models into Palantir’s Ontology framework last year, with Lowe’s signed on as an early adopter, building a digital replica of its supply chain.Related: Why Nike’s Q4 earnings aren’t about numbersThe June 29 announcement extends that foundation into a sovereign AI deployment engine aimed squarely at national security customers.Palantir CEO Alex Karp framed it as a way of letting the government use large language models without proprietary insights leaking into the weights of closed, foreign-controlled models.Nvidia CEO Jensen Huang positioned it as infrastructure for U.S. AI leadership.That framing is not accidental. Palantir has spent the past year arguing that open, controllable AI is a national security necessity, and Nvidia needs partners who can deploy its open models into the most sensitive corners of government.Each company is using the other to make its pitch more credible.

Palantir paired a private aviation deal with a sovereign AI partnership with Nvidia, aiming to defend its valuation against rising AI competition.Chip Somodevilla / Getty Images

A strong quarter has not stopped PLTR stock from fallingHere is the tension the Palantir news is trying to address. Its revenue grew 85% year over year to $1.63 billion in the most recent quarter, according to the company’s Q1 2026 earnings release.U.S. commercial revenue grew even faster, up 133% to $595 million, and the company raised its full-year guidance to roughly $7.65 billion.More Palantir:Palantir flashes a warning signal Wall Street can’t ignoreCathie Wood makes striking Palantir move as shares tumblePalantir stock faces hidden AI risk after Google dealKarp used that release to compare Palantir’s 145% Rule of 40 score to a small group of elite AI infrastructure companies, including Nvidia.That comparison was not a throwaway line. It was Palantir staking a claim to sit in the same category as the chipmaker whose stock has not been punished the way Palantir’s has.Despite those numbers, Palantir shares have fallen roughly 32% so far this year and touched a 52-week low near $106 in late June, according to market data.The sell-off has little to do with execution. It reflects investor anxiety that Palantir’s premium valuation cannot survive rising competition from newer AI model providers, including Anthropic, in the enterprise software space.That is the gap these two deals are built to close. Surf Air shows Palantir can still win specialized commercial verticals on its own. The Nvidia deal shows it can anchor itself to the infrastructure layer of AI rather than compete directly against it.Wall Street will keep pricing the tension, not the strategyPalantir’s bet is that government and infrastructure customers will pay for security and control even as cheaper, more capable models proliferate elsewhere.Nvidia’s bet is that being the open, controllable option keeps it relevant, no matter which application layer wins.Both bets depend on a narrative holding up under pressure neither company fully controls.The next test is not another partnership announcement. It is whether Palantir’s commercial growth rate holds when it laps the 133% comparison next quarter, and whether investors decide that is enough.Related: Goldman Sachs doubles down on stock market outlook for 2026

Walmart’s popular oscillating tower fan is $57, and it has 8,000+ perfect ratings

June 30, 2026 MMN Editor Filed Under: Uncategorized

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealSummer is officially here, which means now is the perfect time to prepare for the hot weather. Although you will probably need an air conditioner at some point, having an oscillating fan to circulate the air can help keep you feeling cool, refreshed, and comfortable — especially if you like to sleep with the windows open. If you want a fan that is more of a gentle breeze than hurricane-force winds, a tower fan like the Dreo Oscillating 36-Inch Tower Fan is a great option. And while it would usually cost you $90, it is currently on sale at Walmart for 37% off, making it a steal at only $57.Dreo Oscillating 36-Inch Tower Fan, $57 (was $90) at Walmart

Courtesy of Walmart

Shop at WalmartDetails to knowAlthough this tower fan is able to produce a breeze that can be felt up to 24 feet away, it’s light enough that you can easily carry it from room to room, and it can run at as low as 34 decibels, which is about the level of the average whisper.It has both touch and remote control, and it oscillates — very quietly — a full 90 degrees. It also has normal, natural, sleep, and auto modes so you can set it to your preferred level. The auto mode is perfect for those who like to keep the fan running as it adapts the fan speed to the room temperature. While fans can clog up with dust, dirt, and pet fur over time, this one can easily be cleaned. The removable rear grille and impeller can be taken off and washed. Plus, since it’s bladeless, it’s safer for kids and pets to be around than a traditional fan.Related: Walmart’s $468 bestselling window air conditioner is 55% offWhy do shoppers love it?One customer who took advantage of the sale wrote, “I’ve always wanted to purchase a tower fan, but I have never been able to afford one. I have this tower fan in my bedroom and I absolutely love it. It oscillates back-and-forth and has a timer so I can shut it off when I sleep. I don’t wake up anymore with a dry throat from the other fans blasting dust!”“I don’t know how it does it,” said one customer, “But it actually blows cool air! I can’t sleep when it’s hot. So this little jewel of a fan is a sweet delight.” While this sale certainly blew us away, we can’t say how long it will stick around, so if you are a fan of this fan, make sure you get the Dreo Oscillating 36-Inch Tower Fan for just $57 before it’s gone with the wind. 

JPMorgan doubles down on economy, inflation outlook

June 30, 2026 MMN Editor Filed Under: Uncategorized

JPMorgan’s chief global economist Bruce Kasman titled the bank’s mid-year outlook “Promise and Pressure.” He published it on June 28. The two words are doing a lot of work in a year that has moved faster than most forecasters expected.The promise is that global growth is stabilizing in the second half of 2026. The pressure is that inflation has not retreated as much as the bank had projected at the start of the year. The energy shock from the Hormuz conflict has made both of those things harder to read cleanly.Why JPMorgan sees global growth rebounding in 2026JPMorgan’s mid-year global outlook projects GDP growth of 2.5% for 2026, with the bank expecting growth to run at or above potential across most developed markets. The recovery is being driven by three factors Kasman identified: a surge in technology spending from U.S. hyperscalers, improved business confidence, and labor markets beginning to recover from near-stall conditions in 2025.”Labor markets have been quite weak. Job growth has nearly stalled across the major economies,” Kasman said in the outlook’s commentary. Related: JPMorgan sees inflation problem investors are missingHe expects that to change as the sentiment shock from 2025’s trade war fades and monetary and fiscal conditions align to support a broader recovery.JPMorgan puts the probability of a U.S. and global recession in 2026 at 35%, above background risk, but not the base case. The bank expects a rebound to show up in Q3 and Q4 data as the drag from 2025’s trade war sentiment shock fades.Kasman’s take on sticky inflation and Hormuz energy shockThe inflation picture required a mid-year revision. At the start of 2026, JPMorgan had forecast that global inflation would remain stable. The Middle East conflict and Hormuz closure disrupted that forecast.”The energy price spike is now raising inflation and generating a sharp squeeze on household purchasing power that could intensify if the Middle East conflict keeps the Strait of Hormuz closed,” Kasman said, according to JPMorgan’s global inflation forecast.More Economy:JPMorgan sends another message on strait of Hormuz, oil pricesWarren Buffett has a message on energy prices for all AmericansGoldman Sachs sends strong message on next Fed rate cutGlobal core inflation has been sitting at around 3% with little movement either direction. European inflation may converge toward target, but U.S. inflation is expected to stay near 3% through the year. Kasman noted that inflation dynamics are now driven more by local labor market conditions in each economy, not by shared global commodity shocks as they were during the post-COVID period.Household spending has held up in the data. JPMorgan’s figures showed global real retail sales outside China running at a 2.7% annualized pace over the most recent three months. Whether that continues depends largely on whether energy prices keep rising or begin to ease.”The immediate issue is the resilience of consumers through this squeeze,” Kasman said.

JPMorgan does not expect Federal Reserve rate cuts this year.Andrey/Getty Images

What JPMorgan’s inflation forecast means for the Fed and interest ratesJPMorgan does not expect Federal Reserve rate cuts this year. It projects a rate hike in 2027, with the risk tilted toward an earlier move if inflation proves more persistent. The ECB and the Bank of Japan are both expected to raise rates this cycle, not cut them. Six months ago, easing was the dominant expectation across major central banks. That picture has reversed.Minutes from the Federal Open Market Committee’s April meeting reinforced the hawkish tone, noting that “some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%.” As TheStreet reported, the cacophony of hawkish Fed voices has grown louder as war-fueled inflation risks outweigh concerns about the labor market. JPMorgan’s view is consistent with that signal rather than the rate-cut narrative that was circulating at the start of the year.Oil prices are a key variable in the H2 picture. JPMorgan is working with an assumption that Brent crude ends 2026 between $80 and $90 per barrel before falling below $80 in 2027. If the Hormuz situation stabilizes and crude follows that trajectory, it takes the largest single inflation pressure off the table for the second half, according to JPMorgan’s Asset Management macro outlook.What JPMorgan’s 2026 economic outlook means for investors and marketsMislav Matejka, JPMorgan’s global equity strategist, does not see a broad rally coming across stock markets. His read is that developed and emerging markets will perform differently from each other, and that picking the right exposure matters more now than it did when most markets were moving together. As TheStreet reported, Wall Street’s rate-cut narrative has fully inverted, with sticky inflation and labor market resilience now reshaping how investors position across asset classes.Growth picking back up is good for risk assets in general, but interest rates staying elevated works against valuations. Those two things are pulling in opposite directions at the same time, which is what makes selectivity the operative word for JPMorgan’s equity team heading into the second half.Companies with pricing power, exposure to the AI capital expenditure cycle, and strong margins are in a better position than those dependent on cheap financing or broad consumer demand. JPMorgan’s mid-year outlook flagged U.S. hyperscaler spending as still accelerating, and noted that it is powering growth in the markets supplying chips and infrastructure to the American AI buildout as well.JPMorgan’s take on 2026 is that both things Kasman put in the title are true at the same time. Growth is recovering. Inflation is still present. Investors who build their portfolios around that tension will be better prepared than those waiting for one of the two to disappear.Related: Moody’s issues stark warning on the economy

The new Chinese AI model rattling U.S. tech investors

June 30, 2026 MMN Editor Filed Under: Uncategorized

China’s Zhipu AI says its newest model can find software security bugs as well as Anthropic’s most tightly restricted system.The claim landed this week with no benchmark paper behind it, just a viral post. That hasn’t stopped it from rattling a market already nervous about what’s propping up American AI valuations.The system Zhipu is comparing itself to, Claude Mythos, isn’t available for outsiders to test.Washington ordered Anthropic to cut off foreign access to Mythos and its public sibling, Fable 5, on June 12, citing national security. That means Zhipu’s claim can’t be independently verified, and may never be in its current form.A real benchmark sits underneath the unverified oneStrip away the cybersecurity headline and a harder number remains. Zhipu’s open model, GLM 5.2, landed last week with the kind of buzz that followed DeepSeek’s debut a year earlier.It has since pulled ahead of every other open release, sitting within a single percentage point of Anthropic’s Opus 4.8 on a closely watched agentic benchmark at roughly a fifth of the cost, a CNBC report found.Developers have noticed: OpenRouter token traffic for GLM 5.2 is climbing faster than it did after DeepSeek’s V4 launch in April, per the same report.That comparison matters because DeepSeek’s moment faded once the market decided it was a one-off chatbot scare.Related: Broadcom gets major OpenAI boost in AI chip raceGLM 5.2 is built for agentic work instead, planning, coding, testing, and looping through tasks on its own, which is exactly the kind of labor enterprises are trying to automate right now.As AI token spending has climbed past what many companies budgeted for, intelligence per dollar has become the metric that matters, and a cheap, good-enough open model is a direct answer to that pressure.“I’ve been consistently surprised by how quickly the open source has caught up,” Gabe Pereyra, co-founder of Harvey, told CNBC.

Zhipu’s open-source GLM 5.2 trails Anthropic’s Opus 4.8 by one percentage point on a key benchmark while costing roughly a fifth as much to run.hapabapa / Getty Images

Open and closed models are now solving different problemsThe distinction underneath all of this is simple but easy to miss. Closed models like Opus 4.8 and Mythos live entirely on Anthropic’s servers, accessed through an API the company, or a regulator, can switch off at will.Open models like GLM 5.2 ship their weights under a license, MIT in this case, that lets anyone download, modify, and run the system on their own hardware.That difference used to be mostly philosophical. It’s now a procurement decision.More AI:Micron just dethroned Nvidia in one key wayHow the White House is quietly bottlenecking AIMorgan Stanley resets Micron stock price target on strong AI demandA company self-hosting GLM 5.2 isn’t exposed to a future export order, a pricing change, or an outage at someone else’s data center, though it does take on the engineering cost of running the model itself.Hosting through Zhipu’s own cloud API instead reintroduces a version of that dependency, since usage would fall under Chinese law rather than a self-hosted server’s jurisdiction.Access, not just capability, is now part of the valuation mathHere’s what should bother U.S. AI investors more than any single benchmark: The National Security Agency lost its own access to Mythos as a result of the export order, Nextgov reported, even though NSA analysts had been using it to find vulnerabilities in classified systems.A model good enough for the government to rely on got pulled before the government finished relying on it.OpenAI separately moved to limit GPT-5.6 to “trusted partners” at the U.S. government’s request the same week. A model nobody can revoke is starting to look like the safer bet to enterprises planning years out, regardless of which one currently scores higher on a leaderboard.Big news: Mythos is partially backThe test arrived sooner than expected. The U.S. government cleared Anthropic to restore Mythos 5 access on Friday, but only to roughly 100 vetted organizations focused on critical infrastructure and cyber defense, NBC News reported.Fable 5, the public-facing version most enterprises actually used, stays offline.That distinction is the real signal. Commerce Secretary Howard Lutnick could amend the approved list at any time.For the roughly 100 firms back in, the tool is faster than building the same defenses from scratch.For everyone else, the lesson Zhipu has been selling all month just got reinforced by the U.S. government itself: A model you can’t self-host is a model someone else can take away.That’s the deeper problem for Anthropic and OpenAI’s combined $1.8 trillion-plus valuation.A free, downloadable alternative closing the gap on cost and agentic performance was already a hard sell.A premium model whose access list a Commerce Secretary can edit by letter, even temporarily, makes the case harder still.Related: How the White House is quietly bottlenecking AI

Target is selling a $280 rattan storage cabinet that holds a lot for 79% off

June 30, 2026 MMN Editor Filed Under: Uncategorized

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealSmall, awkward areas in your home may seem inconvenient at first, but there’s actually a lot of potential there. It may not be the best place for a large dresser, but it just might be the perfect spot for a narrow freestanding storage cabinet. These versatile pieces of furniture capitalize on vertical storage, turning what seemed like an unused space into an organizational hub.The Costway Rattan Freestanding Slim Storage Cabinet has a beautiful design and an even better sale price. It’s on sale for just $60, which is a deal compared to its regular price of $280. With 79% off, you save $220 and get a small-space-friendly organizer that can help you declutter once and for all. Costway Rattan Freestanding Slim Storage Cabinet, From $60 (was $280) at Target

Courtesy of Target

Shop at TargetWhy do shoppers love it?Measuring 11.5 inches long by 11.5 inches wide by 54 inches high, you need less than a foot to make this narrow cabinet work in your space. With a compact size, it suits small bathrooms, entryways, hallways, and more. It has four shelves, one of which is adjustable. You can choose between 12 shelf heights, which is significantly more positions than other cabinets with adjustable shelves that we’ve covered. Typically, they’re limited to around three heights, so 12 is impressive. And if you need more room per shelf, you can remove it entirely to have three compartments instead of four. The open shelves are ideal for books, plants, decor, and other items you want to put on display. Below the cubbies is a single-door cabinet with handwoven rattan detailing. The rattan panel isn’t just a design perk, but also practical, allowing air flow and ventilation. The cabinet portion is great for hiding away any clutter that you don’t want to put in the open spaces. The tapered solid wood legs are the perfect finishing touches. The cabinet comes in three colors: natural, black, and white. The natural colorway gets you the best price at $60, while the others range from $82 to $84.Related: Practical storage cabinets to declutter every room in your homePros and cons of the Costway Rattan Freestanding Slim Storage CabinetProsCan fit into small spaces: Since it has a slim and narrow design, it can easily fit into small spaces, like bathrooms.Stylish design: Available in three colors, this cabinet is stylish and versatile. The tapered legs and rattan door panel make it look more expensive than it is. Open and closed storage: It has adjustable open shelving and a single-door cabinet, giving you various storage options. ConsColor variations: Some reviewers say the colors look different in person.Wood blend: It’s made from both engineered wood and solid wood, which isn’t ideal for someone looking for a full solid wood piece.”It’s a brilliant organizational solution that combines style and practicality seamlessly. The adjustable shelf with 12 positions is a stroke of genius. Talk about versatility,” a shopper said. “It’s an organizer’s dream come true!” Another reviewer highlighted the size, saying it’s “small but mighty” with “great storage space,” and they “like how little space it takes up.”Shop more dealsTangkula Tall Slim Bathroom Storage Cabinet, $65 at AmazonHitnet Rattan Storage Cabinet, $67 at AmazonThe Costway Rattan Freestanding Slim Storage Cabinet is on sale for as low as $60. With style and practicality, it’s a great deal that can help you get organized.

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