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Read preview"Road House" director Doug Liman said Amazon didn't pay him "a cent" despite 50 million people watching the action movie starring Jake Gyllenhaal on Prime Video. Road House has become Amazon MGM Studios’ most-watched produced film debut ever on a worldwide basis. In it, he said that the studio originally agreed to give "Road House" a traditional theatrical release, but plans changed. "Forget about the effect on the industry — 50 million people saw 'Road House' — I didn't get a cent, Jake Gyllenhaal didn't get a cent, [producer] Joel Silver didn't get a cent. Cases like "Road House" are part of why the writers' and actors' unions went on strike from May to November last year.
Persons: , Doug Liman, Jake Gyllenhaal, Patrick Swayze, Liman, IndieWire, Jake Gyllenhaal didn't, Joel Silver didn't Organizations: Service, Amazon, Apple, Business, Amazon MGM Studios, MGM
We ended up in the medieval town of Loches due to a recommendation from a local. One of my favorite examples of this approach was when my husband and I took a road trip from Paris to Andorra with our son. In Paris, someone from the car hire company recommended we visit Loches, a medieval town in the Loire Valley. The next day, we asked a server where she'd recommend staying within three or four hours south of where we were. We absolutely loved walking through the cobblestone streets, exploring its religious sites, and listening to the church bells in the morning.
Persons: Rocamadour Locations: Loches, Paris, Andorra, Loire
Paris CNN —Simone Biles is once again the Olympic gold medalist in individual all-around gymnastics after winning one of the most dramatic finals of these Paris Olympics. Biles held off a spirited challenge from brilliant Brazilian Rebeca Andrade, who once again won silver and Biles’ teammate Suni Lee took the bronze. Her artistry and rhythm were infectious and, until her final floor exercise penalty, she turned in an incredibly solid, well-rounded performance. At the World Championships last year, Andrade took gold in the vault, while Biles took silver. The winners of the last three individual all-around gymnastics gold medals took in the moment to soak in the cheers.
Persons: Paris CNN — Simone Biles, Biles, Rebeca Andrade, Suni Lee, Andrade, “ That’s, ” Biles, Simone Biles, it’s, , I’ve, ” Andrade, Biles Rebeca Andrade, Naomi Baker, Lee, Charlie Riedel, savor, ” Lee, Alice D’Amato Organizations: Paris CNN, Reuters, American Locations: Thursday’s, Tokyo, Houston, United States, American, Paris, Algeria
With AWS humming and management identifying more ways to lower its cost to serve, Amazon's profitability story is still intact. Olsavsky said the profitability of North America stores improved quarter over quarter, driven by further improvements in its cost to serve. The company expects net sales of $154 billion to $158.5 billion, an increase of 8% to 11% year over year. The high end of guidance captures the consensus of $158.2 billion, but it's a miss on the analysts' consensus of $156.25 billion. Management expects operating income of $11.5 billion to $15 billion, which at a midpoint of $13.25 billion misses the consensus of $15.34 billion.
Persons: hasn't, Andy Jassy, Jassy, There's, Brian Olsavsky, Olsavsky, it's, Jim Cramer's, Jim Cramer, Jim, Michael Kappeler Organizations: Revenue, LSEG, Walmart, Target, Microsoft, Web Services, AWS, North, Amazon, Management, CNBC, Getty Locations: North America, Manhattan
ETN YTD mountain Eaton YTD Shares of Eaton, which specializes in electrical components and power management systems, opened lower after a 6% gain in Wednesday's broader market rally. Data center energy demand drove record sales in Eaton's Electrical Americas and Electrical Global. Record sales were also recorded in Aerospace. Quarterly commentary While cash flow results were short of expectations, both operating cash flow (up 11% to $946 million) and free cash flow (up 10% to $759 million) represented second-quarter records. Operating cash flow is expected at $4.2 billion to $4.4 billion, and free cash flow is expected at $3.6 billion versus estimates of $4.4 billion operating cash flow and $3.56 billion free cash flow.
Persons: Eaton, Parker, Craig Arnold, Arnold, Jim Cramer's, Jim Cramer, Jim Organizations: Management, Revenue, LSEG, Electrical, Aerospace, Electrical Global, Hannifin, DuPont, Honeywell, DD, CNBC, Eaton Corporation, NYSE Locations: Eaton, North America
Wall Street careers are notoriously grueling and littered with politicking and jockeying to climb the ranks. AdvertisementNow, these six partners are looking back on their own rise, offering words of wisdom from their own Wall Street origin stories. At Goldman Sachs, the core of who we are in investment banking is M&A. Gene Sykes, cochairman of global M&A and global TMT:Gene Sykes Courtesy of Goldman SachsThe market for M&A advice has evolved over time. Are you a Goldman Sachs or Wall Street insider?
Persons: Goldman Sachs, Alison Mass, Stephan Feldgoise, Dan Dees, Hank Paulson, Tim Ingrassia, Alison, Goldman, Peter Weinberg, Gene Sykes, It's, Mark Sorrell, John Thornton, John Waldron, Karen Cook, Yoel Zaoui, Gregg Lemkau, it's, Jennifer Kopylov, Reed Alexander Organizations: Service, Wall, Partners, Business, US Treasury, Street, Goldman Locations: New York City, London, New York, Europe, American
Bryce Brady, a former high school English teacher turned presidential campaign operative, took to the front of the room with first-day-of-school enthusiasm. It had scarcely been two days since President Biden had ended his re-election bid and passed the reins to Vice President Kamala Harris, and the North Las Vegas campaign office was still plastered with Biden-Harris stickers and signs. But every one of the dozens of volunteers in the room spoke of a newfound optimism about Ms. Harris’s chances. A few had come for the first time, suddenly happy to get involved in a race they had almost given up on. “I know I’m preaching to the choir here, but you all maybe are talking to others in the community who say their vote doesn’t matter,” Mr. Brady said.
Persons: Bryce Brady, Biden, Kamala Harris, Harris, Harris’s, Mr, Brady, Organizations: Las, Biden Locations: Las Vegas
“Buy the bigger ice machines,” Phoenix Fire Captain Robert McDade tells emergency managers who call for advice from around the world. “Be willing to change what you’ve done.”An unhoused man finds little respite from the heat in the shade of a bus stop in Phoenix. Phoenix first responders are stocking body bags filled with ice to treat victims of heat stroke, bringing their core body temperature down on the way to the hospital. Julian Quinones/CNNFirst responders at Fire Station 61 are treating more victims of heat illness as temperatures soar in Phoenix. Every summer we learn, and we improve.”A heat respite center at Burton Barr Central Library just north of downtown Phoenix.
Persons: it’s, Coroners, , Robert McDade, Julian Quinones, CNN McDade, McDade, , ” McDade, John Prato, Kate Gallego, we’ve, ” Gallego, didn’t, Evelio Contreras, Katie Hobbs, Eugene Livar, Arizona’s, there’s, Jennifer Vanos, Vanos, MaRTy ”, CNN Evelio Contreras Organizations: CNN, Phoenix, Harvard, Phoenix City Council, Burton Barr Central Library, CNN Arizona, Arizona State’s School of Sustainability, Vanos Locations: Phoenix, Maricopa County, Chicago, Albuquerque, Arizona,
Before that, the 30-year-old’s most prestigious prize was an Olympic gold medal, clinched in Japan in 2021. He was in and out of hospital for two years.”Stefan Schauffele (left) watches his son prepare for the 2022 US Open. Some 38 years after his Olympic dream vanished, Stefan Schauffele went to sleep with a gold medal in bed beside him. Harry How/Getty ImagesThe question is, now that he’s experienced both, where does Olympic glory rank next to major success? “It’s hard to put them up next to each other because they’re so unique and different to me,” Schauffele said.
Persons: Xander Schauffele’s, , scooping, Stefan Schauffele, Schauffele, CNN Sport’s Don Riddell, , ” Stefan Schauffele, Cliff Hawkins, , ” Schauffele, Mike Ehrmann, Chris Como, Andrew Redington, Rory McIlroy, Jon Rahm, Scottie Scheffler, he’s, , Harry, I’ve Organizations: CNN, PGA Championship, Royal Troon, Games Locations: Germany, Japan, Paris, Stuttgart, Seoul, San Diego , California, Tokyo, Valhalla, Kentucky, Scotland, Hawaii
After spending 160 hours on the rails, I think trains are the best mode of transportation. Traveling by train is also one of the most sustainable ways to get around the world. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than 24 million travelers have taken an Amtrak train since October 2023, The Wall Street Journal reported in July. This story is available exclusively to Business Insider subscribers.
Persons: I've, Organizations: Service, Amtrak, Street, That's, Business Locations: North America, Europe
Reuters —A Tesla Model S car was in “Full Self-Driving” mode when it hit and killed a 28-year-old motorcyclist in the Seattle area in April, police said, making it at least the second fatal accident involving the technology on which Tesla CEO Elon Musk is pinning his hopes. Tesla says its “Full Self-Driving (Supervised)” software requires active driver supervision and does not make vehicles autonomous. Previously, the National Highway Traffic Safety Administration (NHTSA) said there was one fatal accident involving a Tesla vehicle using FSD software between August 2022 and August 2023. This year, Musk shelved Tesla’s all-new affordable cars and increased his bets on self-driving vehicles, saying he will be shocked if Tesla cannot achieve full self-driving capability next year. In December 2023, Tesla was forced to recall nearly all its vehicles on U.S. roads to add safeguards to the software.
Persons: Elon Musk, Tesla, Waymo, Sam Abuelsamid, , Raj Rajkumar, Musk Organizations: Reuters, Tesla, Traffic Safety Administration, NHTSA, Carnegie Mellon University Locations: Seattle, Silicon
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis as-told-to essay is based on a conversation with Beth Keeton, a 34-year-old publicist in Fort Worth, Texas. After the crumbling of my marriage, a divorce, and landing back on my feet, I started my own business. AdvertisementIf there's one lesson I've learned, it's that when your gut tells you something feels off, you need to listen. Now, I listen to what my gut tells me, which has protected my business in many ways.
Persons: , Beth Keeton, It's, I'm, didn't, Dave Ramsey, I've, would've Organizations: Service, Elephant House, Business, Peace University Locations: Fort Worth , Texas
On a sweltering morning at a truck yard in the northern Indian state of Haryana, he climbed into the cab of his 10-wheel tractor-trailer, started the engine and rumbled slowly onto the highway. Mr. Khan, 49, is a driver for Chetak Logistics, a major Indian trucking company. He stopped every couple of hours at roadside tea stands and restaurants, devouring snacks and chatting with other truck drivers. “I drive in a very leisurely manner,” Mr. Khan said. What’s the hurry?”For those who earn their living navigating the unpredictable highways of India, Mr. Khan was voicing an unimpeachably sensible mantra.
Persons: Ragib Khan, Khan, Mr, Organizations: Chetak Logistics Locations: Haryana, Indian, Bengaluru, India
The problem is that taking the high road only works if politics is a sport played mainly by people who act like grown-ups, which it is not. Enter: Weird. Over the past two weeks, as “Brat” and coconut memes have taken over the internet and Kamala Harris inches closer to Donald Trump in the polls, the Democrats have finally gone low, deploying a bit of verbal jujitsu so delightfully petty it might just work. Asking “Is Donald Trump OK?,” the Harris campaign detailed a list of takeaways from the interview. Among them: “Trump is old and quite weird?”
Persons: MAGA, Kamala Harris, Donald Trump, Harris, Trump, , “ Trump Organizations: Fox News
Capital One Platinum Secured Credit Card RewardsMany secured cards don't offer rewards, and the Capital One Platinum Secured Credit Card is one of them. Capital One Platinum Secured Credit Card Benefits and FeaturesThe Capital One Platinum Secured Credit Card is fairly bare bones when it comes to additional perks, but it does offer a few handy benefits. Capital One Platinum Secured Card ComparisonCapital One Platinum Secured Card vs. Capital One Quicksilver Secured Cash Rewards CardAnother secured credit card from Capital One actually offers rewards: the Capital One Quicksilver Secured Cash Rewards Credit Card. Discover it Secured CardAnother secured card worth considering over the Capital One Platinum Secured Credit Card is the Discover it® Secured Credit Card. Capital One Platinum Secured Credit Card Frequently Asked QuestionsIs the Capital One Platinum a secured credit card?
Persons: it's, you'll, You'll Organizations: CreditWise, Capital, U.S, Card, Credit Card, Quicksilver Locations: Capital, Chevron
Kirpichnikova (Silver) Gose (Bronze) Ledecky (Gold) The medal winners Katie Ledecky (USA) 15:30.02 2. Isabel Gose (GER) After 200 meters After 500 meters After 1,000 meters Ledecky led by 2.18 seconds over Kirpichnikova. Kirpichnikova Kirpichnikova Kirpichnikova Gose Gose Gose Ledecky Ledecky Ledecky Kirpichnikova (Silver) Gose (Bronze) Ledecky (Gold) Katie Ledecky (USA) 15:30.02 +10.33 2. Isabel Gose (GER) After 200 meters After 500 meters After 1,000 meters Ledecky led by 2.18 seconds over Kirpichnikova. Kirpichnikova Gose Ledecky After 500 meters Ledecky led by 3.86 seconds.
Persons: Katie Ledecky, Ledecky, Jenny Thompson Dara Torres Natalie Coughlin Katie Ledecky, , Natalie Coughlin, Jenny Thompson, Dara Torres, Thompson, , ” Ledecky, Anastasiia Kirpichnikova, Isabel Gose, Gose, Bedel Saget, Torres Thompson Coughlin, Doug Mills, Ledecky Jan, Evans, Ziegler, Linehan, , Titmus, Summer McIntosh, Kirpichnikova, Jeremy White Organizations: Paris Games, Paris, Torres, Rio, United, New York Times, Olympic, London, Tokyo, Olympic Committee, Tokyo Games, Canadian, Coughlin, Thompson, Los Angeles Games Locations: Tokyo, Paris, France, U.S, USA, London, Brazil, McIntosh
Grass Valley, California, was one of those places for me. AdvertisementWhile Martin debated pros and cons, I quickly mapped Sacramento to Grass Valley — it was 56 miles. On a scouting trip, he agreed that Grass Valley seemed like a great place. But once we finally lived in the Northern California town, we realized we may have been better off just visiting. I lived in Grass Valley for two and a half years, and three years after moving away, I'm only in touch with a few people.
Persons: , I've, Martin, he'd, Patty Thomas, we'd, Califonia Organizations: Service, Business, San, California . San Francisco Chronicle, Hearst Newspapers, Getty, Gold Rush Locations: , California, San Francisco, Missoula , Montana, Sacramento, Grass, Northern California, San Bernardino, Lake Arrowhead, Missoula, Berkley, Lake Tahoe, it's, Grass Valley, California, Nevada, Southern California, New England
Alev Kelter helped her team win bronze in rugby sevens — the US's first Olympic medal in the sport. But that wasn't the case for Alev Kelter, an American rugby sevens player who scored on Tuesday to help Team USA win its first medal in the sport. She'd never even touched a rugby ball, but she thought ice hockey may have given her the right mentality for rugby. In 2016, just two years after picking up a rugby ball, Kelter was among the first rugby sevens players to compete in the Olympics. Sevens features seven-person teams playing seven-minute halves instead of the traditional 15-player teams playing 40-minute halves.
Persons: Alev Kelter, , Kelter, she'd, She'd, hasn't Organizations: Olympic, Service, Team USA, Australia, Team USA's, Olympics, HSBC SVNS, Business, Training Locations: Paris, American, Alaska, Chula Vista , California
South Sudan’s men’s basketball team defeated Puerto Rico 90-79 in Paris on Sunday in its first ever appearance at the Games, but the result meant more than just picking up two points in Group C. For South Sudan Basketball Federation President Luol Deng, it was the culmination of everything that he and the team had worked so hard to achieve. “When the national anthem was sung, you know, it just gave me goosebumps, and I realized that this was bigger than basketball,” Deng told CNN Sport’s Amanda Davies. He was born in Wau, in what is now South Sudan, before the country’s independence. South Sudan officially gained independence from Sudan in 2011 following a referendum, making it the world’s newest widely-recognized state. South Sudan players celebrate after defeating Puerto Rico.
Persons: Luol Deng, ” Deng, Amanda Davies, Deng, I’ve, didn’t, we’ve, Royal Ivey, , Christina Pahnke, We’ve, “ We’ve, , we’re, , LeBron James, Kevin Durant, Steph Curry Organizations: CNN, Puerto Rico, South Sudan Basketball Federation, Chicago Bulls, Miami Heat, Los Angeles Lakers, Second Sudanese, Duke, Chicago, South, United Nations, Olympics, USA, Team USA Locations: Paris, Wau, South Sudan, Egypt, London, England, Great Britain, Sudan
Biles is now the most decorated U.S. Olympic gymnast in history with eight Olympic medals. And she says it wouldn't have been possible without consistent mental health support. Three years ago, she withdrew from the team gymnastics competition at the postponed 2020 Tokyo Olympics citing mental health concerns. "I have to focus on my mental health," Biles said after pulling out of the Olympics in 2021. On Tuesday, the Team USA gymnastics team won gold in the Olympic women’s team final, and Biles made history as a result.
Persons: Simone Biles, Biles, I've Organizations: U.S, NBC, Paris Olympics, Team USA, Olympic, Netflix, CNBC Locations: Instagram
It is a question based on recent market behavior, corporate profit reports and prospective economic policy changes at home and abroad. It suggests that declining inflation and economic weakness may well be in our future. Recent U.S. economic data has been unexpectedly steady, with recent growth pegged at an annual rate of 2.8% in the second quarter. Unemployment data flashes a warning sign The unemployment rate remains low at 4.1% as of June, but it has risen from 3.7% back in January . Some economists argue that an increase of half a percentage point in the unemployment rate, off the lows, is a precursor to a recession.
Persons: you've, Ron Insana Organizations: Treasury, Federal Reserve Bank of New, Procter, Gamble, Federal Reserve, Clearwater, CNBC Locations: Clearwater, Japan, Switzerland, Venezuela, U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFollowing Elon Musk's bold assertions about "solving autonomy," a Truist Securities analyst took a Tesla Model Y out for a ride to test its Full Self-Driving capabilities. In a note seen by Business Insider, Truist analyst William Stein said the technology was "arguably worse than last time." This story is available exclusively to Business Insider subscribers. He said during the company's second-quarter earnings call that he would be "shocked" if the first Robotaxi ride wasn't possible next year, although he was unable to give an exact timeline.
Persons: , Elon, William Stein, Stein, FSD, Tesla, Musk, Tesla didn't Organizations: Service, Truist Securities, Tesla, Business Locations: New York
Nearly 1,000 American Indian, Alaska Native and Native Hawaiian children died while attending boarding schools that were set up by the U.S. government for the purpose of erasing their tribal ties and cultural practices, according to a report released on Tuesday by the Interior Department. “For the first time in the history of the country, the U.S. government is accounting for its role in operating Indian boarding schools to forcibly assimilate Indian children, and working to set us on a path to heal from the wounds inflicted by those schools,” Bryan Newland, the department’s assistant secretary for Indian affairs, wrote this month in a letter to Interior Secretary Deb Haaland that was included in the report. The report calls on the federal government to apologize and “chart a road to healing.” Its recommendations include creating a national memorial to commemorate the children’s deaths and educate the public; investing in research and helping Native communities heal from intergenerational stress and trauma; and revitalizing Native languages. From the early 1800s to the late 1960s, the U.S. government removed Native children from their families and homes and sent them to boarding schools, where they were forcibly assimilated.
Persons: ” Bryan Newland, Deb Haaland, Organizations: U.S, Interior Department, Locations: Alaska, U.S
Dollar, yen hold tight ranges ahead of BOJ, Fed
  + stars: | 2024-07-30 | by ( ) www.cnbc.com   time to read: +3 min
The dollar and yen kept within close ranges on Tuesday as traders awaited a barrage of key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve. The dollar and yen kept within close ranges on Tuesday as traders awaited a barrage of key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve. The Japanese currency was taking a breather from its recent rally as the BOJ began its two-day meeting on Tuesday, having surged over 2% against the dollar last week. The Fed is widely expected to stand pat this week, but markets are betting the U.S. central bank will begin cutting rates at the following meeting in September. Investors will be listening for any hints that Fed Chair Jerome Powell may drop on how soon policymakers are prepared to cut rates at his press conference.
Persons: Matt Simpson, Jerome Powell, Powell, Jackson, Index's Simpson, Sterling, bitcoin Organizations: Bank of Japan, Federal Reserve, Index, Fed, Treasury, Bank of England's Locations: U.S
CNN —At least 43 people have died following major landslides in the southern Indian state of Kerala, officials said Tuesday. A massive rescue operation is underway in Kerala’s northeastern district of Wayanad, involving 250 people from the national and state disaster rescue force and the Kerala fire services, PM Manoj, Press Secretary to the Kerala Chief Minister, told CNN. “We don’t know if people have been washed away in the river but we are doing our best to rescue people. Rescuers help residents move to a safer place after multiple landslides hit Wayanad, in the southern state of Kerala, India, on July 30, 2024. In a post to X, Indian Prime Minister Narendra Modi said he was “distressed by the landslides in parts of Wayanad.
Persons: Manoj, ” Saseendran, Kowsigan, Stringer, , George, Narendra Modi, , gratia Organizations: CNN, , Reuters, “ Helicopters, Indian Locations: Kerala, Kerala’s, Wayanad, India, South Asia, China
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