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☆ Ohio GOP Gov.: Trump’s false attacks on Springfield ‘dilute and cloud’ campaign’s border argument
▼ + stars: | 2024-09-20 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

A mural is displayed in an alley downtown on September 16, 2024 in Springfield, Ohio. Former President Donald Trump and running mate JD Vance's unfounded claims about Haitian immigrants in Springfield, Ohio weaken the Republican Party's border message, Ohio Governor Mike DeWine wrote in an op-ed published Friday. "The Biden administration's failure to control the southern border is a very important issue that Mr. Trump and Mr. Vance are talking about and one that the American people are rightfully deeply concerned about," DeWine, a Republican, wrote in the New York Times. "But their verbal attacks against these Haitians — who are legally present in the United States — dilute and cloud what should be a winning argument about the border," he said. Trump's latest immigration claims thrust Springfield, Ohio into the national spotlight, after he and Vance — who represents Ohio in the Senate — promoted unfounded rumors that Haitian immigrants were stealing and eating city resident's pets.

Persons: Donald Trump, JD, Mike DeWine, Biden, Trump, Vance, —, Joe Biden, Kamala Harris, Vance — Organizations: Republican, New York Times Locations: Springfield , Ohio, Ohio, United States

☆ 'Speak No Evil' remake star Scoot McNairy was onboard when he heard James McAvoy was in it. Then he watched the disturbing original.
▼ + stars: | 2024-09-13 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +4 min

How McNairy joined the 'Speak No Evil' remakeAlix West Lefler, Scoot McNairy, and Mackenzie Davis in "Speak No Evil" (2024). He was excited to collaborate with them both, and that prompted his interest in checking out the original movie, which BI reporter Eammon Jacobs previously named one of the best new horror movies of 2022. "I watched the original before I even read the James Watkins script," McNairy told BI. How the 'Speak No Evil' remake came aboutSo, how did the remake, released only two years after the original, come to pass in the first place? "Speak No Evil" is in theaters now.

Persons: —, Scoot, Louise Dalton, Mackenzie Davis, preteen Agnes, Alix West Lefler, James McAvoy, Ciara, Aisling, Ant, Dan Hough, Daltons, Paddy, they're, Ben, McNairy, Scoot McNairy, Susie Allnutt, Blumhouse, James Watkins, McAvoy, Eammon Jacobs, Watkins, Jason Blum, Blum, McAvoy's Organizations: Service, Business, Sundance Film, Universal Pictures, AMC, Blumhouse, Universal Studios Locations: Ben, London, Italy, Danish, Eden

☆ The CEO of $50 billion adtech giant The Trade Desk is calling for Google to be broken up
▼ + stars: | 2024-09-12 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

"I've always said The Trade Desk managed to win in an unfair market — imagine what we could do in a fair market." Since its founding in 2009, The Trade Desk — which operates a demand-side platform for advertisers and ad agencies — has grown into an adtech juggernaut. Having debuted on the Nasdaq in 2016, the California-based adtech company now has a market capitalization of almost $50 billion. In it, Google named-checked The Trade Desk as one of those alternative players in the ad market. Green said he found the comparison flattering when Sundar Pichai, in 2022, named TikTok and The Trade Desk as its competitors.

Persons: —, Jeff Green, Green, I've, Sundar Pichai, David, Goliath, Jed Dederick Organizations: Service, US Department of Justice, Google, Business, ExchangeWire's ATS, Trade, US Department of, DOJ, Meta, YouTube, Publishers, CMA, UK's, Markets Authority, Nasdaq, London Locations: London, California, Virginia

The popular mukbang YouTuber, known for eating enormous amounts of food on camera, fooled the internet by completing a secret weight loss journey while uploading old videos to mask his progress. Nikocado Avocado, whose real name is Nicholas Perry, revealed his new look — a drastically slimmer appearance compared with his look in his other recent YouTube videos — to millions of subscribers Friday. It drew a flurry of speculation around whether he could have achieved such extreme weight loss in the months since his most recent uploads, all of which showed him at a considerably larger size. I edited the videos so that they would appear recent, allowing me to focus on healing my body behind the scenes,” Perry wrote in an email. “While everybody pointed and laughed at me for over-consuming food, I was in total control the entire time,” Perry wrote.

Persons: Nicholas Perry, ” Perry, ”, Perry, YouTubers, “ Organizations: “, YouTube

☆ Alibaba shares rise after it completes three-year regulatory overhaul
▼ + stars: | 2024-08-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Alibaba has completed a three-year regulatory "rectification" process following an antitrust fine it received on charges of monopolistic practices in 2021, China's market regulator said on Friday. In 2021, China's SAMR fined Alibaba 18.23 billion yuan ($2.6 billion) as part of an anti-monopoly investigation into the tech giant. Jefferies analysts said in a note Friday that the conclusion of the regulatory process was a "positive" for the company, which "highlights this is a new start and ensures compliance in operations." Ant Group itself also underwent a regulator-supervised rectification process, with most of the major issues resolved by last year. Regulatory concerns have been an overhang on the Alibaba stock, which has fallen more than 70% from its peak in 2020.

Persons: Alibaba, China's SAMR, Jefferies, Jack Ma, —, Christine Wang Organizations: China's, Administration, Market, Alibaba, Ant Group, Ant Locations: Beijing, China

☆ ‘ManhattAnt’: What to know about the invasive ant that’s ‘taken over’ NYC
▼ + stars: | 2024-08-23 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +9 min

Researchers first spotted the insect, dubbed the “ManhattAnt,” while doing a survey on ants in New York City in 2011. By comparing the New York ants with the European ones, Seifert was able to confirm the ant’s identity. Because the nests work together instead of against one another, they can spread faster and easily dominate an area by outcompeting native species, he added. “One of the things we know about a lot of invasive ant species is they displace the native species, and the native species that they’re displacing usually have very specialized roles in the ecosystem, so you’re sort of disrupting that ecosystem when these species get introduced,” Moreau said. Time will tell whether the ant has become more than just a nuisance and is disrupting the ecosystem, Penick said.

Persons: North America —, ”, Clint Penick, Samantha Kennett, Becca Senft, Penick, Corrie Moreau, Moreau, Bernhard Seifert, Seifert, Kennett, ” Moreau Organizations: CNN, New Yorkers, Auburn University, Apple, Cornell University, Clemson University Locations: North America, Manhattan, European, Europe, New York City, Alabama, Long, New Jersey, Maine, Georgia, New York, Germany, York, South Carolina

☆ Marvel reclaims its mojo with ‘Deadpool & Wolverine’ and the return of Robert Downey Jr.
▼ + stars: | 2024-07-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

“Deadpool & Wolverine” clawed through initial analyst expectations, delivering a monster $211 million jolt to the domestic box office. The film’s massive success pushed Marvel past the $30 billion mark at the global office, making it the highest-grossing franchise of all-time. Meanwhile, the box office success coincided with the Disney-owned studio making buzzy announcements at Comic-Con. And, in a stunning announcement, Robert Downey Jr. emerged onstage as Marvel unveiled the one-time “Iron Man” actor as the franchise’s next big supervillain, Doctor Doom. But what happens when Marvel doesn’t have the Russo Brothers and Downey Jr. to lean on?

Persons: Deadpool, Russo, Robert Downey Jr, Doom, Marvel, “ Loki, ” Ryan Reynolds, Wolverine, Downey, Bob Iger’s, It’s, Marvel doesn’t Organizations: New, New York CNN, Marvel, Marvel Studios, Disney, Russo Brothers, Bob Iger’s Magic Locations: New York

☆ With 'Deadpool & Wolverine,' Ryan Reynolds could finally end Marvel's superhero slump
▼ + stars: | 2024-07-30 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

"Deadpool & Wolverine," costarring Hugh Jackman as Wolverine, is the only MCU film hitting theaters this year. AdvertisementWhile it might seem risky for the studio conglomerate to put all its eggs into one R-rated basket, Reynolds' Deadpool franchise — and Reynolds himself — are uniquely positioned to revitalize the genre. The 'Deadpool' franchise has been consistently lucrativeRyan Reynolds as Wade Wilson/Deadpool in "Deadpool & Wolverine." Ryan Reynolds' business acumen has helped Deadpool thriveRyan Reynolds has turned the Deadpool character into a shrewd marketing play. His good friend Taylor Swift even wrote a gushing post on her Instagram Stories about "Deadpool & Wolverine" with a link to buy tickets.

Persons: —, Ryan Reynolds, Wade Wilson, Deadpool, Marvel Jesus, Reynolds, costarring Hugh Jackman, It's, Hugh Jackman, Wolverine, Logan, Jay Maidment, Sam Raimi's, Strange, Oscar, Jonathan Majors, Kang the, Marvel, Robert Downey Jr, He'll, Doctor Doom, it's, Nicholas Hunt, He's, who's, Taylor Swift, Paul Mullin Organizations: Service, Marvel, Business, Disney, Fox, Century Studios, Marvel Studios, Rotten Tomatoes, Rotten, Deadpool, Hollywood, Aviation, Mint Mobile, Welsh football, Wrexham AFC —, San Diego Comic, Wrexham AFC, Wrexham, Belgian, Prix Locations: Welshpool

☆ Christina Hall and Josh Hall are getting divorced. Here's a timeline of their whirlwind relationship and sudden split.
▼ + stars: | 2024-07-30 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +13 min

Read previewWhen Christina Hall celebrated her marriage to Josh Hall in September 2022, she said she was more certain than ever her life was on track. In a deleted Instagram post, Christina wrote, "Everything in life has led me to where I am right now, which is exactly where I want to be." Josh Hall and Christina Hall in July 2023. AdvertisementChristina Hall, Josh Hall, and her children in January 2023. "I didn't block him — and I didn't see any missed calls or texts the next day," Christina wrote in her story.

Persons: —, Christina Hall, Josh Hall, Christina, Josh, Tarek El Moussa, — Taylor, Ant Anstead, Hudson, Matt Winkelmeyer, Josh's, we're, I'm, Tarek, Heather Rae El Moussa, Jon Kopaloff, David Buchan, Angelou, Christina Vs, Def, Candace Owens, Amber Rose, Heather Organizations: Service, Business, HGTV, US, Hollywood, BI, Instagram, Unbroken Productions, Newport Beach, Feld Entertainment, Newport, Variety, Penske Media, Getty, Superior, TMZ Locations: Mexico, Haack, Newport Beach , California, Maui, Hawaii, Tennessee, Dana Point , California, Orange County

☆ What’s it like to play Olympic beach volleyball in the Eiffel Tower’s shadow? ‘Iconic’
▼ + stars: | 2024-07-29 | by ( Brendan Quinn | ) www.nytimes.com time to read: +5 min

And in that sky, directly above this beach volleyball stadium, loomed the Eiffel Tower. Of all 32 sports being played in these Olympics, none has a location that rivals beach volleyball. Beach volleyball’s Olympic history dates back to 1996 and a simple artificial beach stadium in Clayton County Park outside Atlanta. It’s easy to feel impossibly small in the shadow of the Eiffel Tower. There are seven more sunsets over Eiffel Tower Stadium for beach volleyball.

Persons: Kelly Cheng, Sara Hughes, Hughes, Cheng, They’ve, Paris . Cheng, ” Cheng, “, Cameron Spencer, de Mars, ”, Kristen Nuss, Nuss, Taryn Kloth’s, ” Hughes, “ I’ve, ” Kelly Cheng, Loyola Stien, Aline Chamereau, Clémence Vieira, ” Chamereau, Champ de, Manoir, Rodolfo Buhrer Organizations: FIVB, University of Southern, NCAA, Hollywood, London, Horse Guards, Canada, Games, Sunday, Eiffel, Loyola, Paralympic, Olympic Locations: University of Southern California, Paris ., Paris, Angeles, Santa Monica, Clayton County Park, Atlanta, St James’s, London, Rio, Copacabana, Tokyo, Shiokaze, American, U.S, Czech Republic, Germany, Eurasia

☆ Why you should avoid use of one-time passwords sent by text
▼ + stars: | 2024-07-27 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +7 min

One of the most convenient methods for mobile phone users to log into apps — and one many companies rely on to grant access — is the one-time password, or OTP, often shared by text. Consumers are being urged to be mindful of the different types of one-time passwords, and the relative security risks versus benefits that each offers. Authenticator apps can still be vulnerable to some types of attacks like "adversary in the middle" but they're still safer than SMS, Allan said. Consider mobile app push for better protectionAn even more secure option for authentication works in tandem with mobile apps on a user's phone. Opt for hardware security key when possibleAn even better option is to use a hardware security key like Yubico.

Persons: Ant Allan, Allan, Tracy C, Kitten, it's, Cedric Thevenet, Thevenet, It's, FIDO, Dusty Anderson, OTPs Organizations: Gartner Research, Strategy, Research, Google, Microsoft, Capgemini, FIDO Alliance, SMS

☆ Everyone hated Hugh Jackman's first solo Wolverine movie in 2009. Now critics say 'Deadpool & Wolverine' could save the Marvel Cinematic universe.
▼ + stars: | 2024-07-24 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewFans and critics alike hated "X-Men Origins: Wolverine" starring Hugh Jackman when it hit theaters back in 2009. Now, the first reviews for "Deadpool & Wolverine" suggest that the highly anticipated sequel could save the Marvel Cinematic Universe after several middling releases. AdvertisementIt's a far cry from the reaction to "X-Men Origins: Wolverine," which has a 38% rating on Rotten Tomatoes. But the hugely positive reception to "Deadpool & Wolverine" shows just how far both characters have come since "Origins." Fans will be pleased to know that critics are impressed with the story in the 2024 film, its violence, and crowd-pleasing cameos.

Persons: —, Hugh Jackman, Ryan Reynolds, Reynolds, Dexerto's Cameron Frew, Nick Schager, Tom Jorgensen, Wade Wilson's, Magazine's Olly Richards, Kate Walsh, Robbie Collin Organizations: Service, Marvel, Business, Rotten, Los Angeles Times

☆ LeBron James leads Team USA to another comeback in 92-88 win against Germany
▼ + stars: | 2024-07-23 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +4 min

Following Saturday’s last-gasp victory against South Sudan, the USA were forced to once again fight deep into the game – this time against a determined Germany team. But some things never change, and yet again it was LeBron James who put on a late show to lead Team USA to a fifth win out of five during the USA Basketball Showcase. Germany tried to rally back in the second, but Team USA ended the quarter strongly. “We was tested by a great Germany team, they was world champion last year, so it was a good test for us. “I’m glad we was able to, once again, keep our composure, persevere like we did the other day versus South Sudan.

Persons: Saturday’s, LeBron James, ‘ King James ’, James, Jrue, Dennis, Steph Curry, Mansoor Ahmed, Joel Embiid, Anthony Edwards, ’, “, Gordon Herbert, “ I’m, ” Organizations: UK CNN, Olympic Games, South, USA, Showtime, O2, Los Angeles Lakers, Boston Celtics, US, Olympic, Germany, Lakers Locations: London, UK, Germany, South Sudan, USA, Paris, Serbia, Puerto Rico

Four years ago, Jack Ma was the embodiment of China’s spectacular economic rise. Already the country’s wealthiest and most famous businessman, he was poised to become one of the richest in the world. The expected initial public offering of Mr. Ma’s fintech company, Ant Group, was projected to surpass the record-shattering launch of his e-commerce giant, Alibaba. At the same time, another wealthy Chinese businessman was awaiting a very different fate. Mr. Xiao had amassed a fortune manipulating markets and cultivating close ties to relatives of top Chinese officials, and he was about to be made an example.

Persons: Jack Ma, Ma’s, Bill Gates, Steve Jobs, Xiao Jianhua, Xiao Organizations: Ant, The New York Times Locations: China

☆ Carpenter ants are the only other animals known to amputate besides humans, researchers say
▼ + stars: | 2024-07-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

But over time, some species — including Camponotus floridanus, also known as carpenter ants — have evolutionarily lost them. “I wanted to see how an ant species that cannot use antimicrobial compounds to treat wounds would care for their injured,” Frank said. “In tibia injuries, the flow of the hemolymph was less impeded, meaning bacteria could enter the body faster. The researchers observed that ant-assisted amputations took about 40 minutes to complete, which is why the insects appeared to opt for femur amputations, but not tibia amputations. “We will keep studying wound care behavior in other ant species and try to understand its evolutionary origins,” Frank said.

Persons: Camponotus floridanus, Erik Frank, ” Frank, Frank, “, weren’t, Dany Buffat, Bart Zijlstra, Dr, Laurent Keller, Frank said, amputations, ” Keller, Keller Organizations: CNN, University of Würzburg, Switzerland’s University of Lausanne, University of Lausanne, “ Workers Locations: Florida, Germany’s, Bavaria, Ivory Coast, United States

☆ 'The Boys' star Antony Starr reacts to Homelander revisiting his childhood trauma in episode 4: 'It's his little therapy session'
▼ + stars: | 2024-06-20 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

"That's actually my favorite episode of the season," Antony Starr, who plays Homelander, told Business Insider of season four, episode four ("Wisdom of the Ages"). Antony Starr as Homelander in season four, episode four of "The Boys." AdvertisementAntony Starr as Homelander in season four, episode four of "The Boys." AdvertisementAntony Starr as Homelander in season four, episode four of "The Boys." Prime VideoLater in the episode, Homelander learns from another scientist, Barbara, that his need for approval and love was specifically engineered to make him obedient.

Persons: —, That's, Antony Starr, Homelander, I'm, Starr, Jonah Vogelbaum, Boy's, Jensen, Soldier Boy, Ryan, Cameron Crovetti, Marty, Homelander humiliates Marty, Eric Kripke, Kripke, Barbara, he'll, he's Organizations: Service, Business, Soldier, Vought

☆ This couple lives in a vintage 940-square-foot trailer by the beach for $5,100 a month: It's 'the California dream'
▼ + stars: | 2024-06-15 | by ( Jaclyn Westlake | ) www.cnbc.com time to read: +7 min

When my husband Brian first told me he's from Laguna Beach, it took everything in me to play it cool. Deciding we wanted to stay in Laguna Beach wasn't hard — I mean, it's beautiful, sunny, laid back, and has a thriving art scene. Finding a creative way to live in Laguna BeachThe median home price in Laguna Beach hovers around $3 million and the median monthly rent is over $8,000. Take a look inside our 'vintage' Laguna Beach trailerOur two-bedroom, two-bathroom home was built in the 1960s. The trailer is across the street from the beach and Jaclyn and Brian typically head over a couple days a week.

Persons: Brian, millennials, I'd, Kristin, Seth, Brian's, we'd, We've, Jaclyn Westlake, we're, Jaclyn, Tristan Pelletier, you'll, it's, Brian didn't, Indiana Jones, we've Organizations: CNBC, Brian's Locations: Laguna Beach, Los Angeles, Laguna, Brian's, It's, California

☆ Every Pixar movie, ranked from worst to best — including 'Inside Out 2'
▼ + stars: | 2024-06-14 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: 1 min

"A Bug's Life" (1998)"A Bug's Life." PixarIn the second movie ever released by Pixar, an ant named Flik (voiced by Dave Foley) sets out to find others to help save his colony against grasshoppers and ends up recruiting a unique group of allies. Though the movie was successful at the box office, with the release of DreamWorks' "Antz" a month earlier, you're more likely to remember the Lasseter-Katzenberg feud than the films.

Persons: Dave Foley, Lasseter Organizations: Pixar, DreamWorks

☆ No more bus tours for China's rich millennials — they're seeing the world on their own
▼ + stars: | 2024-06-08 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +5 min

Read previewRich millennials in China are experiencing world travel in a very different way from their parents. These tours offered a safer and more accessible way to explore new destinations, Elisa Harca, CEO of consultancy firm Red Ant Asia, previously told Business Insider. New technology has made solo travel much less dauntingSocial media platforms like Xiaohongshu are the go-to place for local travel tips. BORIS HORVAT/Getty"They're a lot more used to being tourists,'' Jack Porteous of China-focused consultancy firm Tong Global told Business Insider. The rise of social media platforms for travel has also spurred the accessibility of solo travel.

Persons: —, Elisa Harca, Ant Asia, — millennials, Z, BORIS HORVAT, Jack Porteous, Tong, China's, Sally Maier, Yip, Porteous, Mark Kolbe, Getty, Maier, they've Organizations: Service, Business, Tong Global, Consulting Locations: China, China ., Europe, glamping, Inner Mongolia

☆ Rich Chinese millennials are creating new status symbols. Here are 11 ways they are redefining luxury.
▼ + stars: | 2024-05-19 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +12 min

Rich millennials in the US have been known to splash out on their pets, new laundry rooms, and expensive coffee machines. And over in China, rich millennials have their own ideas of what counts as a luxury status symbol. AdvertisementExpect to see these rich millennials mixing luxury casual wear like T-shirts and sneakers with traditional luxury brands, Banta told BI. And getting regular aesthetic treatments has become a top priority for affluent millennials, Banta told BI. Independent luxury brands that offer more authentic products and those that draw on cultural heritage are also highly in demand, she said.

Persons: —, they've, Rich millennials, They've, Claudio Lavenia, Louis Vuitton, Daniel Langer, Amrita Banta, Budrul Chukrut, Elisa Harca, Ant Asia, Mary, Kate, Ashley Olsen, prioritizes, Harca, Banta, JUAN BARRETO, Olivia Plotnick, Port Ellen, Alexandra Bacon, Ewan Andrew, Langer, Black Pearl, JOHANNES EISELE, Olivier Morin, Plotnick, Tom Dixon, Potnick, Gen, Gabriella Tegen, Gen Z Organizations: Service, Business, Pepperdine University, Research, Getty, JUAN BARRETO Travel, Wai, Social, Diageo, Michelin, China Morning, Meituan, Clover, Bloomberg, Clover Suites, China News Service, McKinsey, Brands, Independent Locations: China, Antarctica, Iceland, Shanghai, Port, Scotland, That's, Harca, Singapore, Banta, millennials

☆ Disney takes Instagram to court to catch the latest Marvel leaker
▼ + stars: | 2024-05-13 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The subpoena request was first reported by Torrent Freak. Now, Disney and Marvel want to get to the bottom of who's behind the account. Disney, Marvel, and Instagram's parent company, Meta, didn't immediately respond to a request for comment from Business Insider. Disney chief Bob Iger unveiled this month the company's plans for Marvel during an earnings call: quality over quantity.

Persons: America, Instagram, Bob Iger, —, @canwegetsometoast, Matthew Slatoff, didn't Organizations: Disney, Service, Marvel, Torrent, Business, Google, Meta

☆ Election Updates: As the V.P. race heats up, Tim Scott will hold a fund-raiser with Trump-resistant donors.
▼ + stars: | 2024-05-08 | by ( Michael C. Bender | ) www.nytimes.com time to read: +5 min

“You know, I’m a fan of his father,” Mr. Schlossberg says, as Jimmy. Mr. Schlossberg has long been in Mr. Biden’s corner. The Biden campaign did not immediately respond to questions of whether Mr. Schlossberg’s video barrage had been coordinated with the campaign. At minimum, Mr. Schlossberg, who has hinted in the past that he has his eye on elected office, has demonstrated a willingness to take comedic risks. Whatever his flaws, and however reliant he may be on hackneyed stereotypes, Mr. Schlossberg is plainly a committed performer.

Persons: John F, Kennedy, Robert F, Kennedy Jr, Jack Schlossberg, ”, Donald J, Ben Affleck, ” Mr, Schlossberg, Jimmy, Wade, Anthony, Mr, “, Caroline Kennedy, Solomon, Matthew Abbott, Joshua, Camelot, John Bouvier Kennedy Schlossberg, Biden, Jim Wilson, —, — “ Organizations: Trump, Kennedys, The New York Times, New York Jewish, Federal Reserve, Convention, Mr, Democratic, Ivy League, New York Times Locations: America’s, Russian, Massachusetts, China, Russia, New, England, Biden’s, Australia, New York City

☆ Disney stock slides on revenue and streaming misses
▼ + stars: | 2024-05-07 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Disney posted its earnings for the first quarter on Tuesday. The entertainment giant beat Wall Street forecasts for the fourth consecutive quarter. Related storiesThe stock was up close to 30% this year at Monday's close, but a combination of the revenue miss and weaker-than-expected subscriber numbers for Disney's streaming business probably sparked the early-morning sell-off, according to analysts. Disney expects its streaming business, Disney Plus, to turn a profit for the first time in the fourth quarter, but total subscriber numbers of 153.6 million fell short of analysts' expectations. Streaming losses narrowed to just $18 million, down from $659 million this time last year.

Persons: —, Bob, Iger, Kathleen Brooks, Nelson Peltz Organizations: Disney, Service Locations: Refinitiv, Monday's

☆ China's Ant Group doubles down on global expansion with cross-border payments offering Alipay+
▼ + stars: | 2024-05-06 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

Photo of a person making a mobile payment. Ant InternationalChinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world. The group's global arm, Ant International, introduced Alipay+ in 2020, allowing foreigners to use apps from their home countries to make payments in China and other countries by scanning QR codes of Ant Group's largely domestically-focused platform Alipay. Ant with its Alipay+ offering seeks to make the most of the early inroads into those markets. "We had the benefit that Alipay was already accepted in many merchants around the world so one of our first steps was [to] convert those merchants to Alipay+ merchants.

Persons: Douglas Feagin, Ant Group's, Ant, Feagin, Alipay Organizations: Ant, Ant Group, CNBC, Ant International Locations: China, Asia, Latam, Europe, U.S, Alipay, Singapore, South Korea, Thailand, Japan

☆ Alibaba shares jump after founder Jack Ma reemerges with praise of Chinese giant's 'transformations'
▼ + stars: | 2024-04-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba founder Jack Ma on Wednesday praised the company's reorganization and change over its tumultuous past year, marking the billionaire's second major public statement to employees in just a few months. Daniel Zhang, longtime CEO of Alibaba Group, unexpectedly quit and then stepped down as CEO of the company's cloud unit. Ma is reemerging at a time when Alibaba employees are likely in need of a morale boost. The Alibaba founder also said Alibaba needs to think what e-commerce looks like in three years' time, especially since the arrival of artificial intelligence.

Persons: Jack Ma, Alibaba, Ma, ByteDance, Daniel Zhang, Eddie Yongming Wu, Joe Tsai, Tsai, Wu Organizations: CNBC, Wednesday, Ant Group, Alibaba, Cainiao Locations: China, Beijing

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