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☆ Ordering delivery has gotten wildly expensive
▼ + stars: | 2024-09-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

AdvertisementThe premium that diners pay to have their food delivered can be hefty. That might make delivery seem like an obvious place for consumers to cut back their spending these days. DoorDash customers have continued ordering food — and, increasingly, groceries and other products — from the service, Xu said. He and his wife still have Thai food delivered, for instance, when they have friends over in the evenings and don't want to interrupt socializing with a trip to pick up dinner. Do you work for a gig delivery service and have a story idea to share?

Persons: —, Ravi Wadan, Wadan, Uber, Taco Bell, Tony Xu, We're, Xu, hasn't, Dara Khosrowshahi, Khosrowshahi Organizations: Service, TikTok, Business Locations: Seattle, FinanceBuzz, McDonald's

☆ Wasteful consumerism has a new worst enemy: Gen Alpha tweens
▼ + stars: | 2024-09-03 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Some Gen Alpha kids are taking a stand against buying too much stuff — and dragging their parents along for the ride. AdvertisementA 2024 survey of 1,000 Gen Alpha parents found that 63% of their kids care about sustainability. While Zoomers and millennials prefer to shop online, Gen Alpha specifically likes shopping in-store. Som Gen Alpha kids are "minimalists." Overall, Delisle doesn't think it's likely that every Gen Alpha child is above consumerism.

Persons: Yuriy Boykiv, we'll, Gen, McCrindle, Boykiv, Zers, Gen Alpha, Alpha, Wunderman Thompson, Alphas, Julie, she's, aren't, Laura Ascher, Alpha's, Stephen Yalof, David Delisle, Helenor Gilmour, Gilmour, Delisle, spender Organizations: Service, Alpha, Business, — Business, Gen Alpha, Wunderman Thompson Commerce, Gen, tweens, Stanley, Brain Locations: skincare

With a plum position atop many "Best Places to Travel" lists, Japan is on track to welcome a record-breaking number of travelers in 2024. Summer trips are up too, with inbound bookings doubling since last summer, a representative from the travel website Trip.com told CNBC Travel. In 2019, China welcomed some 49.1 million travelers — as of July this year, around 17.25 million foreigners had arrived, according to Chinese state media. "The USD/JPY exchange rate [moved] from approximately 140 in January 2024 to over 160 by July 2024, making Japan more affordable," said Chakraborty. But a Pew Research Center report shows that, among 35 surveyed countries, more than half have unfavorable views of China.

Persons: Trip.com, Joydeep Chakraborty, Chakraborty, Jasmine Leung Organizations: National Immigration Administration, CNBC Travel, Japan, Japan Federation of Service & Tourism Industries Workers ' Unions, East Asia, Pew Research Center, France — Locations: Japan, China, Kiyomizu, dera, Kyoto, United States, Germany, United Kingdom, France, Saharan Africa, Asia, Malaysia, Thailand, Australia, South Korea

☆ Care.com reaches $8.5 million FTC settlement over job listings, renewals
▼ + stars: | 2024-08-26 | by ( ) www.cnbc.com time to read: +2 min

It followed tens of thousands of complaints from Care.com customers, including many who thought they canceled memberships but were billed again. The FTC said Care.com enticed customers to buy auto-renewing memberships by overstating the number of jobs, or "gigs," on its platform and how much people could earn from them. It said Care.com knew or should have known a significant number of the jobs were unlikely to result in employment. About 2.9 million U.S. consumers bought Care.com auto-renewing memberships between January 2019 and March 2022. "Care.com used inflated job numbers and baseless earnings claims to lure caregivers onto its platform, and used deceptive design practices to trap consumers in subscriptions," FTC consumer protection chief Samuel Levine said.

Persons: Care.com, Samuel Levine Organizations: Federal Trade Commission, IAC Inc, FTC, Austin Locations: Care.com, Waltham , Massachusetts, Austin , Texas

☆ What ‘It Ends With Us’ Says About the Blake Lively Brand
▼ + stars: | 2024-08-11 | by ( Esther Zuckerman | ) www.nytimes.com time to read: +1 min

Blake Lively’s hair is like a character unto itself in the new romantic drama “It Ends With Us.”Her thick mane shapeshifts with her role, Lily Bloom, a flower shop owner who falls in and out of love with an abusive neurosurgeon. Lively’s hair, dyed a soft ginger, is artfully messy when she gets her hands dirty starting up the store. You could say Blake Lively’s hair is a tool she uses to sell her performance, but her performance is also a tool she uses to sell her hair. Those who are impressed with her locks in “It Ends With Us” can learn from her Instagram that she recently debuted a line of hair-care products called Blake Brown. In many ways “It Ends With Us” is a brand-building exercise for Lively.

Persons: Blake, Lily Bloom, Blake Brown, Brown, Lively, Justin Baldoni, Colleen Hoover Locations: “

☆ Taco Bell is giving customers exactly what they want right now: cheap fast food
▼ + stars: | 2024-08-07 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Taco Bell is one of the rare bright spots in the fast food industry right now. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaco Bell has been going all in on value, and it's paying off. Taco Bell has been winning over customers with value meals as fast food prices have soared in recent years, putting some diners off.

Persons: Taco Bell, — Organizations: Brands, Service, Yum ! Brands, KFC, Business

☆ India's ultra-wealthy club is booming — here's where the country's rich are investing
▼ + stars: | 2024-08-06 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

High-end real estateAbout 30% of India's UHNWI investments go into luxury real estate, including overseas projects, said Alok Saigal, president of wealth management firm Nuvama Private. People have moved away from investing in land as it is less liquid, and more wealth has been allocated to residential real estate since the pandemic, he added. Around 20% of Dubai's offshore real estate pie is owned by Indian investors. Startups' lureInvesting in startups is becoming increasingly popular, especially with the younger generation of rich Indians, wealth managers told CNBC. Bloomberg | Bloomberg | Getty ImagesAbout 17% of India's UHNWIs' wealth goes into luxury goods, with jewelry, art and watches as top preferences, findings from Knight Frank revealed.

Persons: Knight Frank, Alok Saigal, Alok, Chethan Shenoy, Anand, Saigal, Nitin Chengappa, India's, Chengappa, Anand Rathi Wealth's, LVMH Moet Hennessy Louis Organizations: Getty, India, Nuvama Private, Offshore, Nuvama, CNBC, Standard Chartered Bank, Shoppers, DLF, BMI, Bloomberg, Fitch Solutions, LVMH Moet Hennessy Louis Vuitton SA Locations: Mumbai, Beijing, New York, London, UHNWIs, Dubai, Delhi, New Delhi, India

☆ Taiwan is making a TV show about a Chinese invasion. And it’s hitting close to home
▼ + stars: | 2024-08-04 | by ( Nectar Gan | Eric Cheung | ) edition.cnn.com time to read: +12 min

The 17-minute trailer hit close to home in Taiwan, making headlines in local media and garnering more than a million views on YouTube. But Hsin-mei Cheng, the showrunner of “Zero Day,” worried that her fellow Taiwan citizens have grown “too numb” to the danger of an impending conflict. Hsin-mei Cheng, the showrunner of "Zero Day," says she hopes the show can serve as a wakeup call to the people of Taiwan. Cheng also assembled a team of 10 directors, each responsible for an episode in “Zero Day” that tells an independent story. In “Zero Day,” Chinese infiltration and cognitive warfare takes on many forms – from the lure of money and power to the threat of violence.

Persons: ”, China’s, Xi Jinping, Cheng, “, Mei Cheng, Nancy Pelosi’s, Robert Tsao, Lo Ging, Howard Yu, ” Cheng, Lo, Chapman, Hong Kong’s, –, livestreaming, influencers, Beijing’s, Howard Yu Su Tzu, yun, Lee Yen, China – Organizations: Taipei CNN, China’s People’s Liberation Army, PLA, Communist Party, YouTube, CNN, Presidential, Taiwan’s Ministry of Culture, Netflix, Chinese Communist Party, Taiwan’s Institute for National Defense and Security Research, Kuomintang Locations: Hong Kong, Taipei, Taiwan, dramatize, China, Ukraine, Beijing, Kinmen

☆ Forget Uber and Airbnb: Some people are going back to doing things the old-fashioned way to save money
▼ + stars: | 2024-08-03 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

"If I was using rideshares and the delivery apps and everything the way I was, I would run out of money each month," she said. For some, like Manley, it means going back to the old-fashioned way of doing certain things: shopping around for hotel deals, taking public transit more, and working out at home with fitness classes on video. AdvertisementGrant Plotkin, 26, is a Gen Zer who experienced the pre-2020 millennial subsidy as a young adult. The next iteration of the millennial subsidy might be gamifying surge pricing for groceries or a side of fries. AdvertisementHas the loss of the millennial subsidy affected your finances or lifestyle?

Persons: Sarah Manley, Manley, She's, they'd, Millennials, YipitData, Grant Plotkin, Zer, he's, Plotkin, Ubers, Brett House, that's, Bilal Baydoun, Baydoun Organizations: Service, Business, Bloomberg, Netflix, Columbia Business School, Dollar, Aldi, Big Tech, American Locations: Baltimore, it's

☆ Saudi says The Line will be the world's first 'eco-city.' Construction and design specialists aren't so sure.
▼ + stars: | 2024-08-02 | by ( Beatrice Nolan | Polly Thompson | ) www.businessinsider.com time to read: +7 min

Neom's flagship city, known as The Line, has grand plans to be a futuristic "eco-city." Experts told BI that these plans offered exciting solutions for issues like urban sprawl, excessive carbon emissions, and inefficient energy use. AdvertisementLovgreen pointed to issues "such as disrupting natural habitats, carbon emissions from building materials, and the transferring of these materials to areas remote from where they are produced." "Transportation accounts for less than a quarter of global carbon emissions, while the construction and operation of buildings represent nearly 40% of emissions," Baum said. She added that it can be particularly difficult to maintain sustainable construction in hot and dry regions of the world.

Persons: Mohammed bin Salman's, Giles Pendleton, Neom, Andreas Krieg, Philip Oldfield, Mona Lovgreen, Mara Baum, Baum, Krieg, Ben Bauer Organizations: Service, Saudi, Business, Wall Street Journal, The Journal, Lawrence Technological University, Institute of Middle Eastern, King's College London, UNSW Built Environment, Dialog Locations: Neom's, Saudi, Gulf, Sydney

☆ Trump Cites Opportunity Zones as a Triumph. Their Success Is Middling.
▼ + stars: | 2024-08-02 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

“This was one of Birmingham’s white-whale buildings,” Mr. Flachsbart said of a former Red Cross office that had been renovated into 192 rental residences. (“One of the greatest programs ever for Black workers and Black entrepreneurs,” he called the incentive in an appearance this week at a National Association of Black Journalists conference.) But the relatively low-income areas covered by the incentive, known as opportunity zones, didn’t benefit equally. On Mr. Flachsbart’s tour of new projects in downtown Birmingham, the stops dry up in the historically African American northwest quadrant. There, developable lots and vacant buildings haven’t received as much of the capital flowing toward the buzzier parts of downtown.

Persons: Alex Flachsbart, Mr, Flachsbart, Donald J, Trump, ”, haven’t Organizations: Red, Democrats, National Association of Black Journalists Locations: Alabama, Birmingham

☆ IHOP is bringing back $5 all-you-can-eat pancakes
▼ + stars: | 2024-07-31 | by ( Erika Tulfo | ) edition.cnn.com time to read: +2 min

CNN —It’s a summer for single-digit dollar deals as IHOP and Denny’s join other big-name food chains in offering value menu options. IHOP announced this week that it is bringing back its $5 all-you-can-eat pancake deal. IHOP announced the same promotion with much fanfare around the same time last summer as part of its 65-year anniversary. He says that IHOP’s dine-in only deal is meant to spur customers into returning to stores. “As a restaurateur, you hope that they’re not just taking advantage of the deal, they’re buying extras, they’re adding on sausages or some other breakfast meat.”

Persons: CNN —, Denny’s, IHOP, Taco, ”, David Henkes, Henkes, IHOP’s, they’re Organizations: CNN, Taco Bell, KFC, McDonalds Locations: Technomic

☆ Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool
▼ + stars: | 2024-07-31 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewShoppers are slowing down spending on everything from burgers to dishwashers, and that's bad news for a growing number of companies. While inflation has since cooled, Americans are still stuck with higher prices for many of the things they buy. Shoppers are slowing down food spending — even at grocery storesThe spending slowdown has hit restaurant chains, which have launched new deals to get customers in the door. Over the past two years, income growth has helped consumer spending beat expectations, Jefferies analyst Corey Tarlowe said in a note on Monday. One bright spot in consumer spending: Cruises, which are seeing record demand.

Persons: —, McDonald's, Burger, Taco, Jefferies, ETIENNE LAURENT, Laxman Narasimhan, It's, Dirk Van de, Van de, Andrew M, Watterson, Michael Liersch, Wells, Corey Tarlowe, Horacio Villalobos, dreuter@businessinsider.com Organizations: Service, PepsiCo, UPS, Business, Shoppers, Burger King, Taco Bell, Starbucks, Getty, Walmart, Bureau of Labor Statistics, Unilever, Whirlpool, Airlines, Jefferies, Costco Locations: Pellegrino, North America

☆ Washington, D.C., attorney general sues StubHub, alleging deceptive pricing
▼ + stars: | 2024-07-31 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Washington, D.C., Attorney General Brian Schwalb sued the online ticket exchange platform StubHub on Wednesday, alleging deceptive and unfair pricing. The lawsuit claims StubHub uses deceptive advertising of low ticket prices to lure consumers who pay vastly more after an arduous checkout process. "This is no accident — StubHub intentionally hides the true price to boost profits at its customers' expense," Schwalb said in a statement. In its lawsuit, the attorney general's office said that from 2014 to 2015, StubHub used "all-in pricing," in which the advertised price included mandatory fees. The complaint alleged that StubHub did a testing period where it randomly assigned consumers to one of the two models.

Persons: Brian Schwalb, Schwalb, StubHub, Eric Baker, Viagogo Organizations: San Francisco . Washington , D.C, Labor, of Columbia, Washington , D.C, eBay Locations: San Francisco . Washington ,, Washington ,

☆ Microsoft shares dip as cloud miss overshadows better-than-expected revenue and earnings
▼ + stars: | 2024-07-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft shares dipped on Wednesday as investors looked past better-than-expected earnings and revenue and focused instead on disappointing cloud results. But executives provided a dose of optimism when they predicted a cloud growth speed-up in the first half of 2025. Of the 29% growth for Azure and other cloud services, 8 percentage points came from AI services, Microsoft said. But demand for Azure AI services remained higher than available capacity, said Amy Hood, Microsoft's finance chief. She said Azure growth in June was slightly lower than expected across some parts of Europe.

Persons: Satya Nadella, LSEG, StreetAccount, Nadella, Amy Hood, Hood Organizations: Microsoft, Seattle Convention Center, StreetAccount, CNBC, Google, Amazon Web Services Locations: Seattle , Washington, Europe

☆ Americans keep turning their backs on McDonald’s
▼ + stars: | 2024-07-29 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

CNN —Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. The tough environment for McDonald’s wasn’t limited to the United States: Sales at stores open for at least a year fell 1% globally. The plan focuses on value meal plans like the popular $5 meal introduced earlier this summer. He pointed to McDonald’s new emphasis on chicken, which is now on par with beef sales at restaurants. Whether or not that viral post was the final straw for McDonald’s customers, Americans have been punishing the company ever since.

Persons: McDonald’s, McDonald’s isn’t, Grimace’s, ”, Chris Kempczinski, hadn’t, Kempczinski, “, ” Kempczinski, — Organizations: CNN, Inflation, McDonald’s Locations: Burger, United States, Connecticut

☆ The alleged Mexican drug cartel bosses arrested or extradited in recent years
▼ + stars: | 2024-07-27 | by ( Karol Suárez | ) edition.cnn.com time to read: +6 min

CNN —Federal agents arrested two Mexican alleged cartel bosses on Thursday, including Joaquin Guzmán López, the son of infamous cartel boss Joaquin “El Chapo” Guzman, in one of the biggest victories for US law enforcement in recent years. Zambada is a co-founder of the Sinaloa cartel. He faces charges in the US for conspiracy to import and distribute drugs, along with his brother Joaquín Guzmán López. Ismael “El Mayo” Zambada and Joaquín Guzmán López (July 2024)Ismael “El Mayo” Zambada was arrested on Thursday, July 25, 2024, in El Paso, Texas, alongside Joaquín Guzmán López, 38, son of El Chapo. Zambada is considered by US authorities to be the current leader of the Sinaloa cartel.

Persons: Joaquin Guzmán López, Joaquin “ El Chapo ” Guzman, Ismael “ El, Zambada, “ ‘, Guzmán López, ”, General Merrick Garland, Antonio Yépez Ortiz, El, Antonio Yépez, “ El Marro ”, José Antonio Yépez Ortiz, Alfonso Durazo, “, Marro ”, Yépez, Rafael Caro Quintero, Rafael Caro Quintero AP Rafael Caro Quintero, Caro Quintero, Miguel Ángel Félix Gallardo, Enrique “ Kiki ” Camarena, Ovidio Guzmán López, Ratón ”, “ El, Guzmán, Joaquín Guzmán, Andrés Manuel López Obrador, Néstor Isidro Pérez, Administration Néstor Isidro Pérez “, Nini ”, Néstor Isidro Pérez Salas, Pérez, Ismael “ El Mayo ” Zambada Organizations: CNN, Investigators, Ismael “ El Mayo ” Zambada, “ ‘ El Mayo ’, Sinaloa Cartel, Department of Justice, Lima Cartel, State Attorney, Rafael Caro Quintero AP, Mexican Navy, US State Department, US Department of, Treasury, US Department of Justice, United States Drug, Administration, District of Columbia, of, Ismael “ El Mayo ”, ” Authorities Locations: Sinaloa, El Paso , Texas, “ ‘ El, United States, Santa Rosa, Lima, Guanajuato, Lima Cartel, Guadalajara, Mexico, Culiacán, District, Southern, of New York, New York

☆ Before Paris, London Showed How the Olympics Could Be Sustainable
▼ + stars: | 2024-07-25 | by ( Ken Belson | ) www.nytimes.com time to read: 1 min

This week, the world will tune in to watch what is being billed as the most sustainable Olympic Games in history, a goal the organizers of the Paris Games aim to reach in part by refurbishing buildings instead of constructing new ones. More than 90 percent of the venues that will be used for the Paris Games are temporary or already existed, though many of the buildings are old — including one used in the 1924 Olympics — and needed to be upgraded. For decades, the International Olympic Committee has been stung by images of Olympic venues in disrepair years after the Games end. The soaring cost of putting on the games and the white elephants left in their wake had scared away potential bidders. hopes that its ambitions for more sustainable Olympic facilities will lure other potential bidders.

Organizations: Games, Paris Games, International Olympic

☆ Was Your 4D Screening of ‘Twisters’ a Blast? Thank These Effects Wizards.
▼ + stars: | 2024-07-24 | by ( Neima Jahromi | ) www.nytimes.com time to read: +1 min

First you get the aroma of the meadowlands. Then, a vision of an Oklahoma prairie fills the screen and, as the grass undulates, a soft breeze wafts over you and your seat sways. These sights, sounds, feelings and scents open a 4D presentation of the tornado thriller “Twisters.” For the past decade and a half, companies like CJ 4DPlex have turned splashing and shaking moviegoers into an art, fine-tuning their instruments to lure fans into theaters. Carefully tracking through each scene, they look for moments to heighten the experience in a way that adds meaning without distracting from the narrative. In a typical 4D presentation, audiences pay on average $8 more than the price of a regular ticket to sit in pods of four chairs that can pitch and tilt subtly or with extreme force, using technology first developed for military flight simulators.

Persons: CJ 4DPlex, Indiana Jones, Paul Atreides Organizations: meadowlands Locations: Oklahoma, Nazi

☆ This French aerospace company is trying to lure US SpaceX workers after Elon Musk said he would relocate the company from California to Texas — and it may be working
▼ + stars: | 2024-07-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Read previewA French aerospace company is trying to convince disgruntled American SpaceX employees to leave the US for Europe after billionaire Elon Musk announced he would relocate his rocket company from California to Texas. Stanislas Maximin, CEO of Latitude, jumped at the opportunity to poach any unhappy SpaceX employees suddenly staring down an interstate move. Maximin told CNBC that his LinkedIn post garnered some 200 messages and helped him increase his connections on the site by a third. "We have done it multiple times over," Maximin told CNBC of hiring foreigners. Musk has made the Lonestar State his home base in recent years, moving Tesla headquarters to Texas from California during the pandemic.

Persons: —, Elon Musk, Musk, Stanislas Maximin, Maximin, I'm, Lockheed Martin, Tesla Organizations: Service, SpaceX, Business, CNBC, Lockheed, LinkedIn, Lonestar State Locations: Europe, California, Texas

☆ Hackers are already taking advantage of the CrowdStrike outage chaos
▼ + stars: | 2024-07-22 | by ( Brian Fung | Sean Lyngaas | ) edition.cnn.com time to read: +6 min

CrowdStrike has issued its own guidance on what affected organizations can do in response to the issue. One example of that has been targeting Spanish-speaking CrowdStrike customers, the company said in a separate blog post. When opened, the file installs malicious software that phones home to a server the hackers control and may use to give additional instructions to the malware. “CrowdStrike Intelligence recommends that organizations ensure they are communicating with CrowdStrike representatives through official channels and they adhere to technical guidance the CrowdStrike support teams have provided,” the company said. “Bad actors routinely try to take advantage of current events, so it’s not all surprising to see them attempting to take advantage of this one,” Callow said.

Persons: CNN —, ”, CrowdStrike, Kenn White, “, cybercriminals, Lina Khan, Azim Khodjibaev, Brett Callow, ” Callow Organizations: CNN, Department of Homeland Security, Infrastructure Security Agency, CrowdStrike Intelligence, Federal Trade Commission, Internal Revenue Service, Social Security Administration, FTC, Cisco, FTI Consulting

☆ I've worked on cruise ships for years. Here are 6 things passengers should stop wasting money on.
▼ + stars: | 2024-07-22 | by ( Erica Depascale | ) www.businessinsider.com time to read: +4 min

As someone who has worked with major cruise lines for almost a decade, I've compiled a list of things tourists should stop wasting money on. Most onboard nail salons are quite limitedSave yourself the money and disappointment, and get your nails done before your cruise. You don't know what safety and security you'll get when you book independently, so spend your money wisely. Since most guests just cruise for a week, it doesn't really make sense to pay for this service. AdvertisementPack enough outfits for the cruise, keeping in mind people typically change multiple times a day depending on the activities and events.

Persons: —, I've, Erica DePascale It's, doesn't Organizations: Service, Business

☆ Hong Kong’s Bouncy ‘Wonders’ Leave Some Wondering, ‘Why?’
▼ + stars: | 2024-07-21 | by ( Tiffany May | ) www.nytimes.com time to read: +1 min

With darkness falling along Hong Kong’s waterfront against a backdrop of glimmering skyscrapers, carnival music competed with the whine of ventilation blowers as visitors bounced on the inflatable Stonehenge. The puffy white megalithic replica was part of an installation put up this month for SummerFest, a public outdoor festival that continues for several weeks. The exhibit, “Inflatable Wonders,” has attracted crowds. Some people have also been asking why more local artists aren’t being used for projects like this one. White is a color associated with death in East Asia, and the shapes of the Stonehenge have drawn comparisons to tombstones.

Persons: Joann, Gucci, Marc Jacobs, ”, aren’t Locations: Hong, Easter, East Asia, Hong Kong

☆ Costs from the global outage could top $1 billion – but who pays the bill is harder to understand
▼ + stars: | 2024-07-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —The world learned relatively quickly that cybersecurity firm CrowdStrike was behind a crippling global tech outage on Friday. Billion-dollar billExperts largely agree it’s too early to get a firm handle on the price tag for Friday’s global internet breakdown. His firm estimates that a recent hack of CDK Global, a software firm that serves US car dealerships, reached that $1 billion cost mark. It’s also not clear how many customers CrowdStrike might lose because of Friday. It will be difficult, and not without additional costs, for many customers to switch from CrowdStrike to a competitor.

Persons: CrowdStrike, ”, you’re, Dan Ives, it’s, Patrick Anderson, Anderson, Harry Reid, Ty ONeil, “, James Lewis, Lewis, It’s, Wedbush Securities ’, ” Ives, George Kurtz, ’ ”, Eric O’Neill Organizations: New, New York CNN, CNN, Wedbush Securities, Anderson Economic Group, Harry, Harry Reid International Airport, Microsoft, Center for Strategic, International Studies, SolarWinds, Exchange Commission, CNBC Locations: New York, Michigan, Russian, CrowdStrike

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why U.S. outlets haven't recoveredOutlet malls have been a popular destination for bargain hunting Americans for nearly a century. But the pandemic and fierce competition from e-commerce giants like Amazon and Shein have been devastating for the near $65 billion industry. While full-price shopping malls have experienced a near full recovery from the pandemic, outlet malls are lagging far behind. Watch the video to learn what outlet companies like Simon Property Group and Tanger Outlets are doing to lure shoppers back.

Organizations: Simon Property

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