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☆ Huawei: US revokes some export licenses for selling semiconductors to Chinese company
▼ + stars: | 2024-05-08 | by ( ) edition.cnn.com time to read: +4 min

A fourth person said some of the companies were notified on Tuesday that their licenses were revoked effective immediately. The U.S. Commerce Department earlier in the day confirmed it had revoked some licenses but stopped short of naming the companies. “We have revoked certain licenses for exports to Huawei,” the Commerce Department said in a statement, declining to specify which ones it had withdrawn. The move could hurt Huawei, which still relies on Intel chips to power its laptops, and could hurt US suppliers that do business with the company. In a regulatory filing earlier this month, Qualcomm said it did not expect to receive more chip revenue from Huawei beyond this year.

Persons: Biden, Elise Stefanik, Trump, Critics, SMIC Organizations: Singapore Reuters, Intel, Qualcomm, Huawei Technologies, U.S . Commerce Department, Huawei, Republican, Commerce Department, “, Reuters, US Locations: Washington, Singapore, United States, Republican China, American, Communist, Qualcomm’s

☆ U.S. revokes some export licenses to sell chips to Huawei in a bid to curb China's tech power
▼ + stars: | 2024-05-08 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The IFA 2020 Special Edition will take place from September 3-5. (Photo by Sean Gallup/Getty Images)The U.S. has revoked certain licenses for chip exports to Chinese tech giant Huawei, the Commerce Department told CNBC on Tuesday, in its latest efforts to curb China's tech power. "As part of this process, as we have done in the past, we sometimes revoke export licenses," the spokesperson said, declining to comment on specific licenses. "But we can confirm that we have revoked certain licenses for exports to Huawei." In 2020, the U.S. tightened chip restrictions on Huawei, requiring foreign manufacturers using American chipmaking equipment to obtain a license before they can sell semiconductors to Huawei.

Persons: Sean Gallup Organizations: Huawei, IFA, Getty, U.S, Commerce Department, CNBC Locations: BERLIN, GERMANY, Berlin, Germany, U.S

☆ Spanish startups hit Microsoft with complaint over cloud practices
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: +3 min

Microsoft was hit with a Spanish startup group's complaint about its cloud practices to the Spanish antitrust regulator on Tuesday, the latest grievance over its fast-growing cloud computing services and which followed a trade group's EU complaint. The Spanish Startup Association, which represents more than 700 startups in Spain, cited a number of allegedly anti-competitive practices by Microsoft in recent years. Microsoft defended its cloud practices. "Microsoft provides choice and flexibility for our customers to switch to another cloud provider at no cost, and our licensing terms enable our customers and other cloud providers to run and offer Microsoft software on every cloud," a spokesperson said. "We will engage with the Spanish Startup Association to learn more about its concerns."

Persons: Carlos Mateo Organizations: Microsoft, Mobile, Amazon, Spanish Startup Association, Operating Systems, Windows, Reuters, Cloud Infrastructure Services, European Commission, Competition, Markets Locations: Barcelona, Spain, Spanish, U.S, Europe

☆ Biden administration reportedly revoking certain licenses for exports to Huawei
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden administration reportedly revoking certain licenses for exports to HuaweiCNBC's Megan Casella joins 'Closing Bell' to discuss reports that the Biden administration revoking licensing for exports to Huawei.

Persons: Megan Casella Organizations: Biden, Huawei

☆ Self-driving startup Wayve just raised $1 billion from Nvidia, SoftBank, Microsoft and more
▼ + stars: | 2024-05-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Alex Kendall, 29, is the co-founder and CEO of autonomous driving startup Wayve. British startup Wayve on Tuesday said it had raised $1.05 billion in an investment round led by Japan's SoftBank to accelerate the growth of its self-driving car technology. The Series C funding round included new investor U.S. chipmaker Nvidia and existing investor, software giant Microsoft , which is a major backer of AI firms. Founded in 2017, Wayve is one of a multitude of startups looking to enable autonomous driving — technology that enables cars to effectively drive without humans at the helm. Unlike Tesla , which manufactures its own cars, Wayve licenses its self-driving technology to other firms, including retailers and automakers.

Persons: Alex Kendall, Japan's SoftBank, Wayve Organizations: Nvidia, Microsoft, Cambridge, Tesla

☆ How a romance scammer defrauded 3 Tinder dates out of over $100,000
▼ + stars: | 2024-05-06 | by ( Marta Biino | ) www.businessinsider.com time to read: +4 min

AdvertisementThe victims of a romance scammer who defrauded women he met on Tinder out of over $100,000 have spoken out about being targeted. Peter Gray, 35, from Yorkshire, UK, found his victims on Tinder and won their trust, BBC News reported. Romance scams have boomed since the onset of the pandemic, with Americans losing over $1.3 billion to the practice in 2022, up 164% from 2019, Business Insider previously reported. In the UK, over £92 million (about $115 million) was lost to romance scams in the same year, according to data from the National Fraud Intelligence Bureau. AdvertisementGray used information from driving licenses to scam Tinder dates"It was shocking," a sister of one of Gray's victims told BBC News.

Persons: Peter Gray, —, Gray, Jessica, Hannah, Elizabeth, Tinder Organizations: Service, BBC News, Business, Federal Trade Commission, National Fraud Intelligence, BBC Locations: Yorkshire

☆ We left Colorado's cold weather and high taxes for California sunshine and a surprisingly cheaper cost of living
▼ + stars: | 2024-05-04 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Beth Ann: We planned on getting to California at some point. Beth Ann: We first started considering a move to California during COVID when we were sitting at home and couldn't go anywhere. AdvertisementEric and Beth Ann Mott said they love the access to nature and hiking in California. Courtesy of Eric and Beth Ann MottBeth Ann: You can't paint California with just one brush. Beth Ann: I think California will continue to be our long-term play.

Persons: —, realtors Eric Mott, Beth Ann Mott, Eric, Denver, Beth Ann, We're, Berkshire Hathaway HomeServices, Colorado, COVID, California Eric, Beth Anne, Beth Ann Mott Eric, it's, Colorado Eric, Everybody, they're, Beth Ann Mott Beth Ann, wouldn't Organizations: Service, realtors, Business, Kansas City, Berkshire Locations: Denver , Colorado, Oaks , California, California, Denver, Colorado, Oaks, Eric, COVID, Santa Monica, downtown, Los Angeles

☆ 3 reasons your teens and 20s are 'the decisive decade'
▼ + stars: | 2024-05-04 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

And there are three key reasons Gen Zers' decisive decade will shape their ongoing mental and financial health. Unhappiness can shape long-term mental healthGen Zer's mental health outcomes are shaped by their involvement in school and work, Brookings researchers said. AdvertisementAt work, many Gen Zers are struggling with anxiety, work-life balance, and burnout — more so than millennials, Gen X, and boomers. Unhappiness and social isolation are especially affecting Gen Zers who reached adolescence during the pandemic. Not all Gen Zers start on equal footingTo be sure, Gen Zers' education, work, and financial outcomes are also dependent on their life circumstances in childhood.

Persons: —, Zers, Gen Zers, Ian Rowe, Gen X, Lara Aknin, it's, Zer, isn't Organizations: Service, Pew, Business, Brookings Institution, Brookings, Urban Institute, American Enterprise Institute, Research Locations: America, Brookings

☆ Wally Gator: Emotional support alligator is missing
▼ + stars: | 2024-05-02 | by ( Sydney Bishop | ) edition.cnn.com time to read: +4 min

CNN —Emotional support animals registrations in the United States reached 115,832 last year, by an industry group’s count. But in the eyes of reptile rescuer Joie Henney, there’s only one:“Wally Gator” – his “gentle” certified emotional support alligator. The department “routinely” gets calls about “nuisance alligators,” she said, and refers callers to a permitted alligator agent trapper, per its protocols. Wally is often shown letting others pet and hold him, with Henney telling CNN in 2022, “He doesn’t show anger. We never could understand why.”Emotional support alligator, Wally, wanders in 2022 around Love Park in Philadelphia.

Persons: Joie Henney, Wally Gator ”, Wally, “, Melissa Cummings, ”, Cummings, Henney, Halle Sivalingam Henney, don’t, “ He’s, ” Henney, ” Cummings, Wally hasn’t, ” CNN’s Ben Morse, Zoe Sottile, Sara Smart Organizations: CNN, Georgia Department of Natural Resources, Wildlife Resources, Henney, Halle, State, Philadelphia Phillies, Citizens Bank, US Department of Transportation, Phillies Locations: United, Pennsylvania, Brunswick, Georgia, Love, Philadelphia, Florida

☆ US says Russia used choking agents against Ukrainian troops, breaching chemical weapons ban
▼ + stars: | 2024-05-01 | by ( Jessie Yeung | Brad Lendon | ) edition.cnn.com time to read: +5 min

“The use of such chemicals is not an isolated incident, and is probably driven by Russian forces’ desire to dislodge Ukrainian forces from fortified positions and achieve tactical gains on the battlefield,” it said. Russia has previously denied using chemical weapons. The US has previously warned Russia against chemical warfare in Ukraine; in March 2022, a month after the invasion began, President Joe Biden said that NATO would respond if Russia used chemical weapons in Ukraine. The use of chemical weapons is banned by international law. Russia has signed those treaties and claims it doesn’t have chemical weapons, but the country has already been linked to the use of nerve agents against critics in recent years.

Persons: Ukraine’s, Chloropicrin, Joe Biden, Mallory Stewart, Sergei Skripal, Alexey Navalny –, Vladimir Putin, Navalny Organizations: CNN, US State Department, Ukrainian, Chemical Weapons Convention, CWC, Russian Embassy, CDC, State Department, United, United Arab Emirates, US, NATO Locations: United States, Russia, Ukraine, Russian, Netherlands, China, Azerbaijan, Belgium, Slovakia, Turkey, United Arab, Moscow, Ukrainian, Siberia

☆ Fresh customer-fraud allegations against Globe Life
▼ + stars: | 2024-04-30 | by ( Susan Antilla | ) www.businessinsider.com time to read: +9 min

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

A general view of the atmosphere during The SDI Takeover @ Dave & Buster's in Los Angeles on June 23, 2022Arcade giant Dave & Buster's is taking its games to a new level by offering social wagering on its app. Customers can soon make a friendly $5 wager on a Hot Shots basketball game, a bet on a Skee-Ball competition or on another arcade game. Dave & Buster's, started in 1982, now has more than 222 venues in North America, offering everything from bowling to laser tag, plus virtual reality. The company says it has five million loyalty members and 30 million unique visitors to its locations each year. "We're thrilled to work with Lucra to bring this exciting new gaming platform to our customers,"said Simon Murray, senior vice president of entertainment and attractions at Dave & Buster's.

Persons: Buster's, We're, Lucra, Simon Murray, Dylan Robbins, Michael Madding, Robbins, Madding, Goldman Sachs, Marc Lasry, John Isner, Julie, Zach Ertz Organizations: SDI, Stanford Graduate School, Business, Raptor, SeventySix, Dupr, @ & ' Locations: Los Angeles, North America

Their bodies were discovered days later in some woods off a rural road in Telfair County, and their SUV was found submerged in a nearby lake. He is accused of killing the couple in Telfair County, Georgia. The suspect had the “last known communications” with Bud Runion, then-Telfair County Sheriff Chris Steverson said at the time. “The entire communication he had with Mr. Runion was deceptive,” Telfair County Sheriff Chris Steverson said at the time. Telfair County deputies launched air and water searches for the couple, and contacted land owners in the area to ask if they’d seen anything suspicious.

Persons: Elrey, Bud ” Runion, Runion, Ronnie “ Jay ” Adrian Towns, Ronnie Adrian, Jay, Kent D, Johnson, Bud Runion, Chris Steverson, Tim Vaughn, Towns, ”, they’d, Mark Walker, Jason Hoffman, Bud, David Goldman, ” Walker, “, I’m, “ Bud, Ronnie Towns, ‘, ain’t Organizations: CNN, Ford, Craigslist, GMC, US Army, Towns, Georgia Bureau of Investigation, Authorities, Atlanta, AP Locations: Vietnam, Georgia, McRae, Atlanta, Telfair County, Towns ’, Towns, Telfair County , Georgia, Telfair, Oconee, ” Telfair, Marietta , Georgia, Marietta, Goergia

☆ Malaysia might add a casino to boost troubled $100 billion mega-development Forest City
▼ + stars: | 2024-04-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Malaysia may add a casino to Forest City, a mega-development that has turned into a ghost town. AdvertisementMalaysia's Forest City mega-development started with big ambitions and big money. Now, Malaysia is in talks with several high-profile investors to add a casino to Forest City, people familiar with the matter told Bloomberg on Wednesday. AdvertisementThe southeast nation's Prime Minister Anwar Ibrahim met with the heads of a Malaysian property development firm and a resort company at Forest City last week. Expensive, empty apartmentsA casino — which would only be the second in Malaysia — could help struggling Forest City.

Persons: —, Anwar Ibrahim, Ibrahim Iskandar, King Ibrahim, Anwar, They're, Al Marjan Organizations: Service, City, Bloomberg, nation's, Forest City, Garden, Genting Group, Berjaya Corp, Business, United, United Arab Emirates, Las Vegas, downstate Locations: Malaysia, Forest City, Singapore, Malaysia's, Malaysian, Forest, Genting, Marielle, Johor, United Arab, Al, York City, York

Rubrik, a data-management software company backed by Microsoft , priced its IPO at $32 a share, according to a person familiar with the matter. Rubrik raised $752 million through the initial public offering, valuing the company at $5.6 billion. Rubrik now gets 91% of its revenue from subscriptions, up from 59% two years ago. Revenue increased less than 5% in the fiscal year that ended on Jan. 31, but annual recurring revenue from subscriptions jumped 47%. "Our key top-line metric is subscription ARR," Rubrik finance chief Kiran Choudary said in a videotaped presentation for the company's IPO roadshow.

Persons: Rubrik, Reddit, Kiran Choudary, Bipul Sinha, Sinha Organizations: Microsoft, New York Stock, Nasdaq, Astera Labs, Barclays, Carhartt, Venture Locations: U.S, Rubrik

☆ China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: +5 min

Specifically, the servers contained some of Nvidia's most advanced chips, according to the previously unreported tenders fulfilled between Nov. 20 and Feb. 28. While the U.S. bars Nvidia and its partners from selling advanced chips to China, including via third parties, the sale and purchase of the chips are not illegal in China. Contacted by Reuters, Nvidia said the tenders specify products that were exported and widely available before the restrictions. Daniel Gerkin, a Washington-based partner at law firm Kirkland & Ellis, said Nvidia chips could have been diverted to China without a manufacturer's knowledge, given a lack of visibility into downstream supply chains. It did not respond to subsequent questions about tenders that identified its products as a source of banned Nvidia chips.

Persons: Wong Yu Liang, Daniel Gerkin, Kirkland, Ellis, Clare Locke, Gigabyte Organizations: Nvidia, Getty, Super Micro Computer Inc, Dell Technologies Inc, Gigabyte Technology, Reuters, Chinese Academy of Sciences, Shandong Artificial Intelligence, Hubei Earthquake Administration, U.S, U.S . Commerce Department, Industry, Security, Super Micro, Dell Locations: China, U.S, Shandong, Hubei, Southwest, Heilongjiang, Washington

At stake is the role of a wide spectrum of players, from fintech firms to card companies and established banks. Walmart's Fintech startup One is now offering BNPL loans in Secaucus, New Jersey. Buy now, pay later has gained popularity with consumers for everyday items as well as larger purchases. A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Meanwhile, Walmart said last year when its lawsuit became public that it would soon announce a new credit card option with "meaningful benefits and rewards."

Persons: Joe Raedle, Goldman Sachs, Omer Ismail, Hugh Son, BNPL, Jason Mikula, Amazon's, Karma, John Furner, John David Rainey, Dot, " Rainey, Rainey, Morgan Stanley, Walmart's, Yichuan Cao Organizations: Walmart, Getty, CNBC, New Jersey Walmart, Apple, Electronics, Adobe Analytics, Bank of Walmart, Robinhood, Walmart U.S, Coastal Community Bank, Capital, PayPal Locations: Hallandale Beach , Florida, Bentonville , Arkansas, Manhattan, Secaucus , New Jersey, New Jersey, U.S, Mountain View , California, United States

☆ NYC's EV revolution is riding on Uber and Lyft drivers
▼ + stars: | 2024-04-22 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +13 min

For Uber and Lyft drivers, time is money, so widely accessible charging is key to the EV switch. A study by the US Department of Energy found that 1,000 fast chargers were needed for every 20,000 EV drivers on the road. A mad dash for EV licensesThe transition is getting an early test this year now that thousands more ride-hailing drivers have licenses. AdvertisementIn October, the Taxi & Limousine Commission opened applications for this gig work for the first time in five years — but for EV drivers only. In exchange, Uber drivers will get up to a 25% discount when they charge.

Persons: Manhattan, Tesla, Eric Adams, Bobby Familiar, Revel, Michael Replogle, David Do, Aeraj Qazi, Qazi, Guillermo Fondeur, Uber, he's, Fondeur, Adams, EVs, Con Edison, Flo, Replogle, it's, Josh Gold, Uber's, that's, Do, we've, Juliana Kaplan Organizations: EV, US Department of Energy, Business, NYC's Department of Transportation, Chargers, Taxi, Limousine Commission, TLC, New York Taxi Workers Alliance, Rentals, Department of Transportation, DOT, LaGuardia Airport, Tesla, Gravity, Green, Initiative Locations: New York City, Queens, NYC, Canadian, Canada, EVs, Manhattan, America

☆ Supreme Court to Hear Challenge to Biden’s Limits on ‘Ghost Guns’
▼ + stars: | 2024-04-22 | by ( Adam Liptak | ) www.nytimes.com time to read: 1 min

The Supreme Court agreed on Monday to hear a challenge to the Biden administration’s regulation of “ghost guns” — kits that can be bought online and assembled into untraceable homemade firearms. In defending the rule, a critical part of President Biden’s broader effort to address gun violence, administration officials said such weapons had soared in popularity in recent years, particularly among criminals barred from buying ordinary guns. The regulation, issued in 2022 by the Bureau of Alcohol, Tobacco, Firearms and Explosives, broadened the bureau’s interpretation of the definition of “firearm” in the Gun Control Act of 1968. The new regulation did not ban the sale or possession of kits and components that can be assembled to make guns, but it did require manufacturers and sellers to obtain licenses, mark their products with serial numbers and conduct background checks.

Persons: Biden’s Organizations: Biden, Bureau, Alcohol, Tobacco, Firearms, Explosives, Gun Control

☆ Earnings playbook: Your guide to trading a huge week of reports, including Meta Platforms
▼ + stars: | 2024-04-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

Tesla is set to report earnings after the bell. What history shows: Bespoke data shows Tesla beats earnings estimates 63% of the time. What history shows: Boeing shares have risen in four of the past five earnings days, Bespoke data shows. Meta Platforms is set to report earnings after the closing bell. What history shows: Microsoft earnings have beaten earnings estimates in six straight quarters, Bespoke data shows.

Persons: Michael Wayland, FactSet, Tesla, TSLA, Emmanuel Rosner, Dave Calhoun, Peter Saleh, Saleh, Chipotle, Morgan Stanley's, Ford, Jim Farley's, Ronald Josey, Jordan Novet Organizations: General Motors, CNBC, Tuesday, GM, Wall, Motors, Investment, Deutsche Bank, EV, Boeing, Ford, Management, Ford Motor, Detroit, Investors, Citi, Meta, Bloomberg News, Apple, Microsoft Locations: California

☆ Inside the world of flying cars, or eVTOLs, which are moving closer to reality
▼ + stars: | 2024-04-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

Source: Alef AeronauticsWhat if flying around in an electric vehicle is a key part of the way you travel in the future? EVTOLs, or electric vertical take-off and landing vehicles, popularly known as flying cars or air taxis, are being developed by firms in the U.S. to Europe and Asia. Four of the most common eVTOLsAn eVTOL aircraft can take off and land vertically. From the technologies they use to take off and land to the fact they're electric, eVTOLs are trying to distinguish themselves from helicopters. While some wealthy individuals may own their electric aircraft, they will more likely be operated in fleets by an operator, as is the case with airlines.

Persons: Lilium, Jim Dukhovny, Tim Draper, EHang Organizations: Aeronautics, JPMorgan, CNBC Tech, Aviation, European Union Aviation Safety Agency, Federal Aviation Administration, Civil Aviation Administration of China, eVTOLs, Alef Aeronautics Alef Aeronautics, Alef Aeronautics, SpaceX, Theranos Locations: U.S, Europe, Asia, —, eVTOLs, United States, China, Munich, Germany, Spain

☆ Vietnam wants to take China's place as a new factory of the world — but a $12 billion financial fraud case is getting in the way
▼ + stars: | 2024-04-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Vietnamese real-estate tycoon Truong My Lan was sentenced to death for her role in a $12.5 billion fraud case. Lan's fraud case is part of Communist Party Secretary Nguyen Phu Trong's corruption crackdown. Lan, the chairwoman of real-estate developer Van Thinh Phat Group, was arrested in 2022 over the fraud case. AdvertisementThe high-profile fraud case has scandalized the country and is raising questions about the one-party state. For context on the scale of the Vietnam fraud case, consider the 1MDB case, which rocked Malaysia and the world when it started to unravel in 2015.

Persons: Truong, Lan, Communist Party Secretary Nguyen Phu, —, Van Thinh, Zachary Abuza, Trang Bui, Bui Organizations: Communist Party Secretary, Service, Prosecutors, Vietnamese Communist Party, National War College, Washington DC, Bloomberg, Cushman, Nikkei Locations: Vietnam, China, Malaysia, Malaysian, Hanoi, Washington, Wakefield

☆ How 2 executives found success in Puerto Rico's booming business landscape
▼ + stars: | 2024-04-09 | by ( Sponsor Post | Sponsored Invest Puerto Rico | ) www.businessinsider.com time to read: +5 min

In 2023, more than 550 businesses and nearly 6,000 new job opportunities were established on the island, according to Invest Puerto Rico. More than ever, Puerto Rico is positioned to host entrepreneurs and executives considering establishing or expanding their business presence. When González cofounded the tech consultancy firm Wovenware in 2003, Puerto Rico's tech scene was virtually nonexistent. Fast forward two decades since its founding, and Wovenware stands as a testament to Puerto Rico's vibrant tech ecosystem, having grown into a key player. Learn more about establishing yourself in Puerto Rico's business landscape.

Persons: Luis Ramos, Christian González, González, might've, Ramos, it's, — Organizations: Invest, Honeywell Aerospace, Puerto, Puerto Rico, University of Puerto, Polytechnic University of Puerto Rico, Honeywell, González, Workers, Insider Studios Locations: Puerto Rico, Invest Puerto Rico, Puerto Rican, Puerto, University of Puerto Rico, Aguadilla, Puerto Rico's

☆ A new startup from 2 Twitch alums is trying to get Gen Z to watch TV
▼ + stars: | 2024-04-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Entertainment companies face a generation problem, with Gen Z shunning TV shows and movies over social video and livestreams. A new startup is pitching a solution by bringing TV to Gen Z where and how they already watch, rather than trying to train them in a new habit. The company, Gaggl TV, licenses TV shows and distributes them to creators to watch with their followers on social platforms. In a deal with Fremantle, Gaggl got the rights to old TV shows like '70s-era "The Price is Right: The Barker Era" and is distributing them to five Twitch streamers. "TV companies just put stuff on Twitch and don't realize it's the creators people are coming to see," Harris said.

Persons: Gen, Gaggl, Khleo Thomas, Peter Park, Bridget Case, Richard Karn, Megan Fraher, Fraher, Adam Harris, James Duffield, Greg Miall, Harris, Gen Z's, Twitch, Bob Ross, he's Organizations: Business, Fremantle, Amazon, Greece's, Paramount, Gaggl Locations: Fremantle, livestreaming

☆ Three booming businesses that make Denver stand out
▼ + stars: | 2024-04-08 | by ( Chris Dilella | ) www.cnbc.com time to read: +4 min

Two cities in Colorado are experiencing tech-fueled economic booms, with Denver's skyline transforming and Boulder's gross domestic product surging. However, the influx of people and businesses has brought challenges like a growing homeless population, affordability issues and infrastructure strain. A recent report shows a 24% drop in Denver's cannabis revenue compared with 2021. Major league moneymakersCameron Fleming #73 of the Denver Broncos runs onto the field before a game against the Kansas City Chiefs at Empower Field at Mile High on January 8, 2022 in Denver, Colorado. A stage for economic successA concert at Red Rocks Park and Amphitheatre outside Denver.

Persons: Amy Sparwasser, Matthew Staver, Jared Polis, Polis, Mike Johnston, moneymakers Cameron Fleming, Dustin Bradford, Deion Sanders, Prime's, John P Kelly Organizations: Denver &, Bloomberg, Getty, CNBC, Denver Department of Excise, Licenses, trailblazer, Industry, State Planning, Denver, Denver Broncos, Kansas City Chiefs, Broncos, Nuggets, Rockies, Avalanche, Analysts, University of Colorado Boulder's, NFL, University of Colorado, Boulder, Rocks Locations: Denver, CNBC's, Colorado, Success, Denver & Boulder, Denver , Colorado, Chicago , New York, Los Angeles, University of Colorado Boulder

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