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CNN —Whenever you type a search into Apple’s Safari browser — say, on an iPhone — chances are it’s Google that returns the results. You can tell Safari to pick another search engine, but in practice most people tend to stick with Google by default. You might know that Google pays Apple enormous sums of money every year for that prime placement. Those eye-popping figures, newly unsealed this week, come from a blockbuster antitrust lawsuit against Google that’s just entered its closing stages. Nothing prevented Apple from choosing a different default search partner, Google contends.
Persons: , Google that’s, Trump, Amit Mehta, Mehta, ” Mehta, John Schmidtlein, Google’s, Sherman, , ” Schmidtlein Organizations: CNN, Google, Apple, Justice Department, DOJ, Microsoft
Scientists identify ‘degrees of Kevin Bacon’ gene
  + stars: | 2024-05-02 | by ( Katie Hunt | ) edition.cnn.com   time to read: +6 min
Even humble fruit flies organize themselves into regularly spaced clusters, researchers have found. Within those social networks, certain individuals will often stand out as “gatekeepers,” playing an important role for cohesion and communication within that group. New research published Tuesday in the journal Nature Communications has identified a gene responsible for regulating the structure of social networks in fruit flies. The study opened up new opportunities for exploring the molecular evolution of social networks and collective behavior in other animals. FLPA/ShutterstockThe gene behind fruit fly social networksThe researchers investigated a number of gene candidates in fruit flies, a common lab organism used in the study of genetics.
Persons: , Kevin Bacon, Bacon, Joel Levine, Rebecca Rooke, ” Levine, Levine, , ” Allen J, Moore, wasn’t, ” Moore Organizations: CNN, Nature Communications, University of Toronto, University of Georgia’s Locations: Philadelphia, University of Toronto Mississauga
The Dutch princess faced a kidnapping threat while studying at the University of Amsterdam in 2022. AdvertisementThe heir to the throne of the Netherlands, Princess Amalia, said that her fear of being kidnapped forced her to move countries. AdvertisementShe moved to a regular accommodation block in 2020, even though the Dutch royals have a palace in Amsterdam. As a result, she moved back to the main Dutch royal residence in The Hague. Princess Amalia of The Netherlands at the University of Amsterdam on September 5.
Persons: Princess Catharina, Amalia of, Catharina, , Princess Amalia, Amalia, Princess Amalia of The, van Katwijk, King Willem, Alexander, Per, Britain's Princess Anne, Michael Fagan, Fagan Organizations: University of Amsterdam, Service, BBC, Bild, Guardian, NOS, People, Royals, Royal Locations: Netherlands, Spain, Amsterdam, The Hague, Rotterdam, Princess Amalia of The Netherlands, Corona, Madrid, Dutch, Buckingham
Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The firm closed a $33 million round of Series B funding, with the bulk of the money going toward building out its advertising business, CEO Tyler Denk told Business Insider. With the new round of funding, Beehiiv hopes to make $5 million from ads in 2024, he said. AdvertisementBeehiiv acquired the email ad platform Swapstack and launched its ad network that places ads in newsletters during the third quarter of 2023. Beehiiv's Denk said that Beehiiv has a "difference in philosophy" on ads than Substack does.
Persons: , Tyler Denk, Beehiiv, Denk, Boston Globe Media's, Beehiiv's cofounders, Substack, Jesse Singal, Beehiiv's Denk Organizations: Service, Business, NEA, Sapphire, Lightspeed Venture Partners, Boston Globe, Morning, Netflix
It is aiming to be the first high-income country to reach net zero emissions in 2035 and net negative by 2040. Denmark, which the World Happiness Report recognized as the world's second-happiest country, is targeting net zero by 2045 — and net negative by 2050. Thierry Monasse | Getty Images News | Getty ImagesDanish Climate Minister Lars Aagaard said the need for negative emissions was clear. He added that Denmark's ability to achieve net negative emissions would hinge upon policies implemented over the next five to seven years. Sopa Images | Lightrocket | Getty Images
Persons: Sergei Gapon, Thierry Monasse, Lars Aagaard, Denmark's Aagaard, , Stefano Guidi, Donald Trump, Joe Biden, Trump, Biden, Kai Mykkänen, Mykkänen, Moscow … Organizations: Afp, Getty, Atlantic ., Agriculture Ministers, CNBC, Lars Aagaard Danish Climate, United Arab Emirates, Union, Nationalist, Former U.S, Finnish Climate Locations: Copenhagen, Denmark, Atlantic, Atlantic . Finland, Finland, Brussels, Belgium, Lars Aagaard Danish, Panama, Europe, Germany, France, Turin, Italy, U.S, November's, Paris, Finnish, Helsinki, Montreal, Beijing, Moscow, of Finland, Neva Guba
Disney has appointed two senior executives to oversee corporate strategy as it considers the future of its linear business and contends with streaming losses. Veteran Disney exec Justin Warbrooke, meanwhile, was named EVP and head of corporate development, overseeing M&A as well as divestitures, among other areas. Mayer was Disney's EVP of corporate strategy and business development before going on to run strategy and the DTC and international businesses. As such, we are evolving the Corporate Strategy function to better align with this vision, which includes two leadership roles — one focused on Corporate Strategy and another focused on Corporate Development — both reporting directly to me. In addition to strategy, Andre has advised clients on the topics of operations, organization, customer journey design, and M&A.
Persons: Disney, Nelson Peltz, It's, Bob Iger, Bain, Andre James, Justin Warbrooke, James, Marvel, Hugh Johnston, Kevin Mayer, Mayer, Iger, Tom Staggs, , Andre, Justin, Hugh Organizations: ESPN, Business, Veteran Disney, Coopers, Lybrand's, DTC, Century Fox, Disney, Media, Walt Disney Company, Corporate, Strategy, Development, of Media, Entertainment, Bain & Company, Consumer, Marvel, Reliance, Fox, Warner Bros . Discovery, Finance Locations: Hulu, India
Some white-collar parents are leaving their jobs to take family gap years. It's sticking around as the world somewhat normalizes; Reddit is littered with threads looking for family gap year advice, which posters can easily find in various blogs. She now offers a family gap year and extended travel planning service for $80 to $100 an hour. "It could expand into a big business," she said, adding that her family gap year clients typically have disposable income and kids around 8 to 11 years old. AdvertisementWorld lessons, no classroom requiredNo family gap year is complete without immersive travel.
Persons: , Claire Williams, Matt, they'd, Claire, It's, Jennifer Spatz, itineraries, Amy Chang, Chang, Allen, they've, Spatz, Marisa Vitale, it's, She's, hadn't, what's Organizations: Service, Area, Federal, Global, United Nations Sustainable Locations: Sri Lanka, Sahara, worldschooling, COVID, Massachusetts, Asia, Europe, Venice, Italy, Airbnbs, Greece, Nepal, Sydney, Australia, Santiago, Chile, Spanish, Guatemala, Vietnam, Argentine, Jordan, Patagonia, Los Angeles, California, Salt Lake City, U.S
HSBC CEO announces surprise retirement
  + stars: | 2024-04-30 | by ( ) edition.cnn.com   time to read: +3 min
Hong Kong — HSBC has announced its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe. “We do hope that the next CEO would lay out more plans, execution-wise, to further increase the bank’s businesses in Asian countries,” he added. “I’ve held intensive leadership roles since I took on a commercial bank role in October 2008, so I’m personally ready for a change,” Quinn told reporters on a call. HSBC also faced criticism in recent years from Western lawmakers over its dealings with China amid growing geopolitical tensions. The London-headquartered bank also announced $3 billion worth of share buybacks on top of $2 billion in share purchases announced in February.
Persons: Noel Quinn, , Georges Elhedery, Quinn, , Simon Yuen, “ I’ve, I’m, ” Quinn, “ It’s, Mark Tucker, , ” Tucker, China’s Organizations: HSBC, HSBC’s, Management, China’s Ping An Insurance Locations: Hong Kong, Asia, United States, France, Argentina, Canada, Europe, China, The London
"DOJ continues to work on this rule," a Biden administration official said. "No one should be jailed for using or possessing marijuana," the president said during the speech. "Reclassifying marijuana as a Schedule III drug sends the message that marijuana is less addictive and dangerous now than ever before. US President Joe Biden speaks during the White House Correspondents' Association (WHCA) dinner at the Washington Hilton, in Washington, DC, on April 27, 2024. Nearly six in ten Americans say that marijuana should be legal for medical and recreational purposes, according to a Pew Research poll last month.
Persons: John Tlumacki, Biden, Joe Bidens, Tom Williams, Joe Biden, Barack Obama's, Jim Cole, Obama, Cole, Kevin Sabet, Brendan Smialowski, Brad Horrigan Organizations: Delta, Trade, Boston Globe, NBC, Drug, Department of Health, Human Services, DOJ, Biden, Internal Revenue, Justice's, DC Marijuana Justice, CQ, Inc, Getty, State, National Cannabis Roundtable, NBC News, Smart, Marijuana, Obama Administration, White, Correspondents ' Association, Washington Hilton, AFP, Management, CRA, Pew Research, Florida Supreme, Tribune, Service Locations: Wareham, deducting, New York, California, Washington ,, Florida
How Locals Saved ‘the Yosemite of South America’
  + stars: | 2024-04-30 | by ( David Gelles | ) www.nytimes.com   time to read: +1 min
In central Chile, not far from where the Andes Mountains meet the Pacific Ocean, a vast swath of pristine wilderness is changing hands under the most unusual circumstances. Roberto Hagemann, a Chilean businessman who owns the 325,000-acre property, has agreed to sell the land to his longtime adversaries, a band of upstart environmentalists who spent years thwarting his efforts to develop the property. It is a landmark transaction that will preserve some of the most ecologically significant territory in South America. The deal is also a case study in modern-day conservation. At a moment when ecologically sensitive lands are under threat around the globe, it takes a unique confluence of legal, financial and political resources — plus a bit of luck — to protect them from relentless development.
Persons: Roberto Hagemann, Pucheguin Locations: Chile, Chilean, South America
CNN —The US Soccer Federation and the Mexican Football Federation have withdrawn their joint bid to host the 2027 FIFA Women’s World Cup, the two organizations announced on Monday. The announcement of the winning 2027 bid will take place at the 74th FIFA Congress in May. CNN has reached out to FIFA for response to the announcement from the US and Mexico federations. “Hosting a World Cup tournament is a huge undertaking – and having additional time to prepare allows us to maximize its impact across the globe,” US Soccer President Cindy Parlow Cone said in a statement. The inaugural FIFA Club World Cup will take place in the country in 2025; the FIFA Men’s World Cup will be coming to North America in 2026 co-hosted by the US, Mexico and Canada; and in 2028, the summer Olympics will take place in Los Angeles.
Persons: , Cindy Parlow Cone, “ I’m, Ivar Sisniega Organizations: CNN, US Soccer Federation, Mexican Football Federation, FIFA, Brazilian Football Confederation, Royal Belgian Football Association, Royal Netherlands Football Association, German Football Association, FIFA Congress, Soccer, FIFA Club Locations: Mexico, United States, North America, Canada, Los Angeles,
Read previewThe embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. Neither Globe, AIL, or any affiliated agencies have requested a correction on BI's series, which has been cited in all three short-seller reports. Spokespeople for Globe, AIL, and Arias did not respond to inquiries about the Viceroy report. Viceroy today published excerpts from a civil complaint alleging that Globe Life required recruits to purchase the course from Xcel for $149, $119 of which was kicked back to Globe Life, AIL, and agency executives, an allegation Globe has denied. "As you might expect, these sales tactics do not engender long-term retention of policies," the Viceroy report states.
Persons: , AIL, Fraser Perring, Nate Koppikar, Panda, Arias, Erica Robertson, Robertson, Amy Williamson, Renee Zinsky, Fuzzy Panda, Jamie Winters, Winters, Viceroy, AIL's, Antonio – Organizations: Service, Viceroy Research, Globe, Business, Research, Orso Partners, Insurance Department, Pennsylvania, Arias Organization, Social, Organization, AIL, BI, Department, Xcel, Liberty National Life, Ohio Department of Insurance Locations: Texas, London, Globe, Maryland, Pennsylvania, Arias's Wexford, California, Xcel, Ohio, Antonio
And on Saturday, the Buffalo Bills drafted someone who they hope will have a similar effect as Mailata, despite never having played a snap of football. With the 221st overall pick and the first pick of the seventh round, the Bills selected Travis Clayton, a former rugby player from the United Kingdom. Clayton has never played in a football game but possesses the raw tools that could translate to play offensive tackle in the league. Clayton played for Basingstoke Rugby club, which plays in the Counties 2 Hampshire Division, the eighth tier of English rugby. Our man Travis Clayton drafted by the Bills.
Persons: Jarryd Hayne, Christian Wade, Louis Rees, Zammit, Jordan Mailata, Travis Clayton, Clayton, Brandon Beane, Jeff Roberson, ” Clayton, , Lance Zierlein, Zierlein, Organizations: CNN, Welsh, Kansas City Chiefs, NFL, Philadelphia Eagles, Buffalo Bills, Bills, ” Bills, Basingstoke Rugby, Hampshire Division, rugby, Locations: United Kingdom, Basingstoke, England, Counties
IntroductionWhen you complete the FAFSA, your school may offer you any one of three types of federal loans: subsidized loans, unsubsidized loans, and Direct PLUS Loans. If your college costs aren't covered completely by the aid offered through the FAFSA, you may have to take out private loans as well. You will have to pay those back, and these should be your last option as private loans often come with worse terms and protections than federal loans. Student Loans: These DO have to be repaid with interestYou can get various types of aid from the FAFSA, and you'll know what you qualify for once your school gives you your complete financial aid package. Ryan Wangman, CEPF Loans Reporter Ryan Wangman was a reporter at Personal Finance Insider reporting on personal loans, student loans, student loan refinancing, debt consolidation, auto loans, RV loans, and boat loans.
Persons: Ryan Wangman, Read Organizations: Loans, Chevron, Finance, Northwestern University, Boston Globe Locations: Iraq, Afghanistan
On Monday, Prince William and Kate Middleton celebrated their 13th wedding anniversary. Prince William and Kate Middleton celebrated their 13th wedding anniversary on Monday. Related storiesTo celebrate the milestone, Kate and William posted a never-before-seen photo from their wedding on their Instagram account. AdvertisementPrince William and Kate Middleton in 2023. William did not appear in the video with Kate, but he has made public appearances following her announcement.
Persons: Prince William, Kate Middleton, Kensington, , Princess, Wales, Kate, William, Millie Pilkington, Alexander McQueen, Prince, Princess of, Chris Jackson Organizations: Service, Westminster Abbey, University of St, Daily Mail, TMZ Locations: Westminster, University of St Andrews, Kensington
Rich families across the globe are concerned about how to prepare their children to manage their wealth, but few are doing anything about it. According to a survey by JPMorgan, 69% of ultra-wealthy families cite succession planning as a top priority. That said, she attributed some of the reluctance to many of these family offices being formed within the past 10 or even five years. "Conversations about wealth can be challenging and, in our experience, families often have found it difficult to get started," she told Business Insider. Only 15% of family offices with at least $1 billion in assets kept heirs unaware compared with 27% for firms with $50 million to $500 million.
Persons: Rich, Elisa Shevlin Rizzo, Goldman Sachs, Ackah, Edward Jones Organizations: JPMorgan, Business, Forbes, UBS
Luxury powerhouse LVMH is investing billions in real estate, The Wall Street Journal reported. Michael Burke, head of LVMH Fashion Group, told the Journal, "We're creating a city." According to the Journal, the company spent $2.1 billion last year acquiring properties in Paris ahead of the Olympic games. Related storiesThe luxury brand is among several spending billions on luxury stores and experiences. Chanel and LVMH are also interested in purchasing properties on New York's Fifth Avenue and the Champs-Élysées in Paris, the Journal reported.
Persons: , Louis Vuitton Moët Hennessy, Louis Vuitton, Frank Gehry, Michael Burke, we're, Burke, Bernard Arnault, Saint Laurent, Chanel, LVMH, Amar Sitayeb, Saint, Alan DeSousa Organizations: Street Journal, Service, Wall Street Journal, Dior, LVMH, Design, Miami Design District, Gucci, Montenapoleone, The New York Times, Times, Canada, Laurent, Global News, Business Locations: Paris, Pont Neuf, Miami, Montreal, Milan's, New, The, Marais
It's the busiest week of the earnings season, and it could have major consequences for the stock market. This quarter: The fast-food giant is expected to report single-digit earnings and revenue growth from the year-earlier period, LSEG shows. Amazon is set to report earnings after the close. What history shows: Pfizer earnings beat earnings expectations 87% of the time, per Bespoke. Thursday Apple is set to report earnings after the bell.
Persons: Jeffrey Bernstein, Bernstein, JPMorgan's Andrea Teixeira, Teixeira, AMZN, Joseph Feldman, Feldman, AAPL, , Apple Organizations: Apple, Pfizer, IBM, CNBC, Barclays, Investment, Management, AWS, Amazon, pharma, Food and Drug Administration, UBS Locations: China
Meta , Snap and Google all reported first-quarter results this week, with revenue growth that exceeded analysts estimates and at rates not seen in at least two years. The companies entered earnings season in a favorable position in that their numbers would be comparable to historically weak periods. Meta, which was the first in the group to report results, put some fears to rest on Wednesday, showing a 27% jump in first-quarter revenue to $36.5 billion. "When Meta was in its dark days two years ago, the company knew what they had to do to get back on track," analysts at Bernstein wrote in a note after the earnings report. Meta lost two-thirds of its value in 2022 and was forced to dramatically cut headcount.
Persons: Meta, Bernstein Organizations: Google, Meta, Facebook
In pictures: Celebrated actress Nicole Kidman
  + stars: | 2024-04-27 | by ( ) edition.cnn.com   time to read: 1 min
Nicole Kidman, one of the greatest actresses of her generation, will be honored Saturday with the American Film Institute's Life Achievement Award. Kidman, 56, is the first Australian to receive the award. "Nicole Kidman has enchanted audiences for decades with the daring of her artistry and the glamour of a screen icon," said Kathleen Kennedy, chair of the AFI Board of Trustees. Since her career began in 1983, Kidman has won an Academy Award, six Golden Globe Awards, two Emmy Awards and a BAFTA Award. Her Oscar win came in 2003 for her portrayal of author Virginia Woolf in "The Hours."
Persons: Nicole Kidman, Kidman, Kathleen Kennedy, Oscar, Virginia Woolf Organizations: AFI, Trustees, Globe
Lessons in Democracy From F.C. Porto
  + stars: | 2024-04-26 | by ( Rory Smith | ) www.nytimes.com   time to read: +1 min
Few, though, will prove quite so virulent — or offer quite such an instructive case study of the state of democracy in 2024 — as the one to decide who gets to be president of F.C. Like dozens of clubs around Europe, Porto — one of the three great houses of Portuguese soccer — is owned by its members. Only a small percentage of members vote. The choice is usually between two essentially indistinguishable old men, when there is a choice at all. Until the last round of elections, in 2020, Porto had been a democracy in only the most nominal sense.
Persons: Organizations: European Union, F.C, Porto Locations: Porto, Europe, Porto —
Sometimes, even Tory Burch has a hard time believing the success she's had. Burch told the audience that she wouldn't have achieved her success without a healthy dose of resilience. "You have to have conviction and a vision and not deviate from that, but also be able to move into the current," she said. Burch has made an effort to infuse resilience directly into the bones of her company. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Tory Burch, she's, I'm, Burch, wouldn't Organizations: CNBC
This story is available exclusively to Business Insider subscribers. AdvertisementA representative for Sternlicht told Business Insider the house was to be demolished but did not provide further comment. The tony island of Nantucket is a favorite among billionaires like former Google CEO Eric Schmidt and Blackstone leader Steve Schwarzman. "Erosion takes out houses, roads, infrastructure, sewer beds, even airport runways," he told Business Insider. Despite the island's propensity for natural destruction, the town has strict rules regarding what structures owners can take down.
Persons: Barry, Sternlicht, Forbes, Shelly Lockwood, tony, Eric Schmidt, Steve Schwarzman, James Pallota, Pallota, Lockwood, Brendan Maddigan, Steven Cohen, Cohen Organizations: Service, Billionaire, Business, Sternlicht, Nantucket Current, Blackstone, Celtics, Boston Globe Locations: Nantucket
This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.
Organizations: CNBC
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