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☆ The Max-Hulu-Disney+ bundle seems to be off to a strong start
▼ + stars: | 2024-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Discovery teamed up with Disney to create an anticipated Max-Hulu-Disney+ bundle, which launched in late July for $17 per month. AdvertisementThere were less than 2 million net streaming subscribers additions in the US in Q2, according to Antenna. In August, Hulu's cancellation rate rose to its highest level since January, and Max's churn rate jumped to its highest mark since November. AdvertisementWhen taken in the context of Antenna's other data, it looks like some Hulu and Max customers are canceling their subscriptions so they can subscribe to the Max-Hulu-Disney+ bundle without paying twice. The Max-Hulu-Disney+ bundle is one of several streaming packages that media giants have conjured up.

Persons: —, Max each, Peacock, Max, it's Organizations: Service, Warner Bros, Discovery, Disney, Hulu, Business, Paramount, WBD, Comcast, Netflix, Apple, ESPN

Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. 7 a.m.: DA Davidson downgrades Microsoft, cites diminishing AI lead DA Davidson believes that Microsoft has lost its edge over competitors in artificial intelligence. The investment firm downgraded shares of the tech giant to neutral from buy, although analyst Gil Luria maintained his $475 price target. This could begin to have a material impact on the company's returns beginning in 2025, the analyst wrote. Wells Fargo analyst Neil Kalton also hiked his price target on the stock to $300, implying nearly 18% upside ahead.

Persons: Raymond James, Morgan Stanley, Bernstein, DA Davidson, Davidson, Gil Luria, Luria, GitHub Copilot, — Lisa Kailai Han, Daniel Roeska, Roeska, Lisa Kailai Han, Ronald Josey, Josey, Meta, Atif Malik, Malik, Raymond James downgrades, Brian Gesuale, Gesuale, David Arcaro, Arcaro, Wells, Neil Kalton, — Fred Imbert Organizations: CNBC, Constellation Energy, Motors, Microsoft, DA, Nvidia, Motors General Motors, General Motors, Hyundai, Citi Locations: Palantir, Friday's, U.S, 25e, GenAI

☆ WNBA Playoffs: A’ja Wilson sparks comeback in three-peat hunt, Alyssa Thomas downs Fever with triple-double and more
▼ + stars: | 2024-09-23 | by ( Jamie Barton | ) edition.cnn.com time to read: +7 min

Wilson, quiet for so much of the contest, finished with a game-high 21 points, eight rebounds and five blocks. Newly crowned 2024 MVP A'ja Wilson drives to the basket in Game 1 against the Seattle Storm. Thomas also recorded a triple-double against Indiana in the first game of this year’s regular season. Connecticut Sun forward Alyssa Thomas looks for the open pass against the Indiana Fever in Game 1 of their first-round series at Mohegan Sun Arena. The Fever would never recover and now Indiana has to win Game 2 on Wednesday to keep its postseason alive.

Persons: A’ja Wilson, Becky Hammon’s, Tiffany Hayes, Wilson, Sheryl Swoopes, Lisa Leslie, Lauren Jackson, Kelsey Plum, A'ja Wilson, Barry Gossage, ”, Becky, Hammon, Sun’s Alyssa Thomas, Caitlin Clark, Caitlin Clark’s, Alyssa Thomas, Thomas, Joe Buglewicz, I’ve, Marina Mabrey, DeWanna Bonner, Bonner, “, doesn’t, Clark, ” Clark, Stephanie White –, Leonie Fiebich, Napheesa Collier, Sandy Brondello’s, Courtney Vandersloot, Brondello, “ Leo, We’ve, ” Brondello, she’s, Breanna Stewart –, Sabrina Ionescu, Haley Jones, Breanna Stewart, Corey Sipkin, Diana Taurasi, Collier –, –, Natasha Cloud, Taurasi Organizations: CNN, WNBA, Aces, Seattle Storm, Las Vegas Aces, Las, Las Vegas, Storm, Seattle, Seattle Times, Houston Comets, Indiana Fever, Indiana, Connecticut Sun, Mohegan Sun Arena, AP, Fever, AP WNBA, Liberty, Lynx, Atlanta, New York, New York Liberty, Minnesota Lynx, Phoenix Mercury, Mercury, New York Liberty Phoenix Mercury, Minnesota Lynx Indiana, Connecticut Sun Seattle Storm Locations: Las Vegas, Connecticut, Stephanie White – Indiana, Indiana, New York, New

☆ Max Verstappen hints that ‘silly’ punishment for swearing could hasten his retirement from F1
▼ + stars: | 2024-09-23 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Max Verstappen hinted on Sunday that his retirement from Formula One might be hastened after his “silly” punishment for swearing. The Red Bull driver was told by motorsport’s governing body, the FIA, that he should carry out “work of public interest” after using a swear word in a press conference on Thursday ahead of the Singapore Grand Prix. When you can’t be yourself or you have to deal with these kind of silly things,” the Dutch driver told reporters, per Reuters. So, yeah, it is very, very silly,” Verstappen said. According to multiple reports, Alex Wurz – the chair of the Grand Prix Drivers’ Association (GPDA) – said that the punishment handed out to Verstappen was too severe.

Persons: Max Verstappen, Red Bull, Lando Norris, Verstappen, “, “ It’s, Alex Wurz –, –, Wurz, Guenther, Guenther Steiner, Haas, ” Verstappen, Norris, Verstappen’s Organizations: CNN, Formula, FIA, Singapore, Reuters, Azerbaijan, Autosport, Prix Drivers ’, Netflix, Prix Locations: Singapore

☆ Pa. health system agrees to $65 million settlement after hackers leaked nude photos of cancer patients
▼ + stars: | 2024-09-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —A Pennsylvania health care system this month agreed to pay $65 million to victims of a February 2023 ransomware attack after hackers posted nude photos of cancer patients online, according to the victims’ lawyers. Eighty percent of the $65-million settlement is set aside for victims whose nude photos were published online. The ransomware attack “was limited to the network supporting one physician practice located in Lackawanna County,” the Lehigh statement continued. A February ransomware attack on a major health insurance billing firm cut off health providers from billions of dollars and put some health clinics on the brink of bankruptcy. A full-scale ransomware attack on a health care provider has many costs aside from potential lawsuits, from rebuilding computer systems to retaining legal counsel, Henderson said.

Persons: Saltz Mongeluzzi, ”, Carter Groome, ” Groome, “, Max Henderson, Henderson Organizations: CNN, Health, Lehigh Valley Health Network, Lehigh, Biden Locations: Pennsylvania, Lehigh, Lackawanna County

☆ Britain's finance minister calls for spending discipline but no return to austerity
▼ + stars: | 2024-09-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Britain's Chancellor of the Exchequer Rachel Reeves speaks on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 23, 2024. Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, but said she would make hard choices as she lays out budget proposals next month. "It will be a budget with real ambition ... a budget to deliver the change we promised. A budget to rebuild Britain," she told a crowd of Labour party delegates Monday. Reeves has suggested that taxes are likely to rise at her upcoming Oct. 30 Autumn budget after discovering a £22 billion ($29 billion) "black hole" in the public finances.

Persons: Rachel Reeves, heckles, Keir Starmer, Reeves, Jeremy Hunt Organizations: Labour Party, Finance, Labour, Conservative Party, Conservatives Locations: Liverpool, England, ENGLAND, Britain

☆ Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead
▼ + stars: | 2024-09-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week's half percentage point reduction. "I think after 50 basis points, we're still in a net tight position," Kashkari said in a CNBC "Squawk Box" interview. "Right now, we still have a strong, healthy labor market. In their latest economic projections, FOMC members indicated that rate is probably around 2.9%; the current fed funds rate is targeted between 4.75% and 5%. Speaking separately Monday morning, Atlanta Fed President Raphael Bostic indicated he expects the Fed to move aggressively in getting back to a neutral rate.

Persons: Neel Kashkari, we're, Kashkari, Kasharki, Raphael Bostic, Bostic Organizations: Minneapolis Federal, CNBC, Federal Reserve, Atlanta Fed, Fed Locations: Minneapolis

☆ Boeing sweetens labor proposal in 'best and final' offer as strike enters second week
▼ + stars: | 2024-09-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing on Monday sweetened its contract offer and said it was its "best and final" proposal for its more than 30,000 machinists as their strike, which has halted most of the aerospace giant's aircraft production, entered its second week. Boeing's new offer would raise general wages by 30% over four years, up from a previously proposed 25%. It also doubled the ratification bonus to $6,000, reinstated an annual machinist bonus and raised the company's 401(k) match. The labor union, the International Association of Machinists and Aerospace Workers, didn't immediately comment on the offer. The strike came as workers voted 94.6% against the previous proposal that the union had endorsed.

Persons: didn't, group's, Kelly Ortberg, Ron Epstein Organizations: Boeing, International Association of Machinists, Aerospace Workers, Bank of America, CNBC Locations: Renton , Washington, Seattle

☆ Biggest impediment to any acquisition for Intel is regulatory approval, says Wolfe's Chris Caso
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiggest impediment to any acquisition for Intel is regulatory approval, says Wolfe's Chris CasoChris Caso, Wolfe Research senior analyst, joins 'Squawk Box' to discuss the various interest in Intel, what to make of Qualcomm's potential takeover and Apollo's investment in the company, the challenges facing Intel, and more.

Persons: Wolfe's Chris Caso Chris Caso Organizations: Intel, Wolfe Research

☆ China's youth unemployment hits fresh high amid economic slowdown and restrictive hiring policies
▼ + stars: | 2024-09-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

China's youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, data from the National Bureau of Statistics showed, amid an economic slowdown. China's urban unemployment rate across all age categories rose 5.3% in August, compared to a 5.2% climb in July. China paused reporting the youth unemployment rate for much of the latter half of last year while it reassessed its calculation methods. China's youth unemployment has also been affected by restrictive hiring policies amid a struggling economy as companies are refusing to hire recent college graduates due to the difficulty and costs involved in firing workers in China. "That's why the [overall] unemployment rate isn't that bad but the unemployment rate for youths is so high," Rein added.

Persons: That's, Dan Wang, Shaun Rein, Rein Organizations: National Bureau, Statistics, HSBC, China Market Research, People's Bank of Locations: China, People's Bank of China

☆ Southwest Airlines tells staff 'difficult decisions' ahead in push to boost profits
▼ + stars: | 2024-09-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Southwest Airlines has warned employees that it will have to make "difficult decisions" ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which has sought leadership changes at the company. Southwest over the summer announced a host of major changes to its more than 50-year-old business model to drum up revenue. It plans to ditch open seating for assigned seats, offer seats with more legroom that fetch a higher fare and start red-eye flights. We also have to change our network," Watterson said in the video, a transcript of which was seen by CNBC. Southwest did not immediately comment on the staff message.

Persons: Andrew Watterson, Watterson, Elliott, Gary Kelly Organizations: Southwest Airlines, Elliott Investment Management, Google, CNBC, JetBlue, Southwest, Wing Locations: It's, Dallas

☆ Enterovirus D68: What to know about the virus that could lead to paralysis in kids
▼ + stars: | 2024-09-23 | by ( Faye Chiu | ) edition.cnn.com time to read: +6 min

CNN —Rates of enterovirus D68 infections are on the rise across the United States, according to the nonprofit WastewaterSCAN network. This common virus can lead to a rare but serious polio-like complication known as acute flaccid myelitis. Dr. Leana Wen: Enterovirus D68 is part of a group of more than 100 non-polio enteroviruses. CNN: What can you tell us about acute flaccid myelitis, the rare but dangerous complication that can result from enterovirus D68 infection? CNN: How likely is it that enterovirus D68 infection will result in acute flaccid myelitis?

Persons: Leana Wen, Wen, myelitis Organizations: CNN, George Washington University, US Centers for Disease Control, CDC Locations: United States

☆ Apple Intelligence will mark a 'renaissance of growth' for the company, says Wedbush's Dan Ives
▼ + stars: | 2024-09-23 | 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 EmailApple Intelligence will mark a 'renaissance of growth' for the company, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, joins ‘Squawk on the Street' to discuss Apple's iPhone 16 sales, how the company's AI push will impact its stock, and more.

Persons: Wedbush's Dan Ives Dan Ives, Squawk Organizations: Apple Intelligence, Wedbush Securities

☆ Arrowheads shed light on who fought in Europe’s oldest known battle
▼ + stars: | 2024-09-23 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

Inselmann collected literature, data and examples of more than 4,700 Bronze Age arrowheads from Central Europe and mapped out where they came from to compare them with the Tollense Valley arrowheads. Otherwise, they would expect to find evidence of arrowheads within ceremonial burials in the region that were practiced during the Bronze Age. “This new information has considerably changed the image of the Bronze Age, which was not as peaceful as believed before,” Terberger said. I consider the conflict as a sign that this major transformation process of Bronze Age society was accompanied by violent conflicts. Ute BrinkerThe scale of conflictThe large scale of battle has researchers rethinking what social organization and warfare were like during the Bronze Age.

Persons: ’ ”, Leif Inselmann, “, Inselmann, ” Inselmann, Thomas Terberger, haven’t, Barry Molloy, Molloy, ” Molloy, ” Terberger, ”, Ute Brinker, —, ’ Organizations: CNN, Berlin Graduate School of Ancient Studies, Free University of Berlin, Germany’s University of Göttingen, University College Dublin, ” Locations: Germany, Europe, Central Europe, Mecklenburg, Pomerania, Bavaria, Moravia, Tollense

☆ Microsoft downgraded on fear its AI lead over Amazon and Google is gone
▼ + stars: | 2024-09-23 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Analyst Gil Luria maintained his price target of $475, which is approximately 9% higher than where Microsoft stock closed on Friday. In particular, Amazon Web Services and Google Cloud Platform appear to pose the biggest threats to Microsoft's Azure cloud computing platform. But Amazon Web Services is now adding nearly as much cloud business, while Google Cloud Platform's current acceleration is comparable to that of Azure's last-quarter growth rates. "While Microsoft has discussed its Maia chips, it is years behind Amazon and Google and appears to be using them only to run Azure OpenAI Services workloads. We believe this means Microsoft has been escalating an arms race it may not be able to win."

Persons: D.A, Davidson, Gil Luria, Luria, Maia Organizations: Microsoft, Amazon Web Services, Google, Services, Amazon, OpenAI Locations: OpenAI

☆ Clothes and Accessories to Get Rid of Right Now, From Stylists
▼ + stars: | 2024-09-23 | by ( Amena Ahmed | ) www.businessinsider.com time to read: +1 min

Business Insider spoke to stylists and designers about fall clothing items you should get rid of. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Business Insider asked designers and stylists which clothes and accessories they think people should get rid of right now.

Persons: — Organizations: Service, New York, Business Locations: New

☆ Audible is following Amazon's strict new RTO policy, but with a delay
▼ + stars: | 2024-09-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +1 min

Employees at Amazon subsidiary Audible have a different deadline to comply with the new RTO policy. Amazon corporate employees must return to the office 5 days a week starting in January. Amazon's varied RTO timelines highlight challenges in standardizing policies across its businesses. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmazon's corporate employees must be in the office 5 times a week starting in January.

Persons: —, Bob Carrigan Organizations: Amazon, Service, Employees, Business Locations: Newark

☆ Here are the most important days for the stock market between now and the November election, according to BofA
▼ + stars: | 2024-09-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

There are key stock market catalysts on the horizon before November. In a Monday note, Bank of America highlighted the most important days for the stock market between now and the November Presidential election. AdvertisementBank of AmericaNovember 6Technically the day after the election, the most important day for the stock market is November 6, when markets can react to the results. The stock market experienced a similar-sized move on the day after the prior Presidential election, with the S&P 500 jumping 2.2% on November 4, 2020. But now that the Fed has started its cutting cycle, we think labor market data (e.g.

Persons: — Organizations: Service, Federal, Bank of America, Investors, Fed Locations: United States

☆ Israel appears to have pushed Hezbollah into a corner — setting the stage for an all-out war
▼ + stars: | 2024-09-23 | by ( Tom Porter | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

Read previewIsrael may have pushed Hezbollah into a dangerous corner, and fears are now growing that the pair are on the brink of an all-out war. AdvertisementOn Monday, the Israel Defense Forces (IDF) warned civilians in Lebanon to stay away from potential Hezbollah targets for their "own safety." "Whatever Israel intends by this string of attacks on Hezbollah, this is not what de-escalation looks like," he said. "Under the circumstances, the region would appear to be on the brink of all-out war in Lebanon," he added. The "dual communications device attacks pushed Hezbollah into a corner," analysts from The Atlantic Council said last week.

Persons: —, Naim Qassem, Israel, it'd, Filippo Dionigi, Nicholas Blanford, Eugene Rogan, Rogan, Biden, Jeanine Hennis Organizations: Service, Israel, Business, Hezbollah's, Israel Defense Forces, Relations, University of Bristol, Wall Street Journal, University of Oxford, BI Israel, The Atlantic Council, UN Locations: Lebanon, Israel, Iran, Haifa

☆ Germany’s coalition government is ‘absolutely creaking at the seams,’ RUSI fellow says
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany’s coalition government is ‘absolutely creaking at the seams,’ RUSI fellow saysJohn Kampfner, author of “In Search of Berlin” and a fellow at the Royal United Services Institute, discusses Germany’s political and economic outlook.

Persons: RUSI, John Kampfner Organizations: Berlin, Royal United Services Institute

☆ Fed's reaction is neutral for rates, positive for equities, strategist says
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's reaction is neutral for rates, positive for equities, strategist saysMohit Kumar, chief economist and strategist for Europe at Jefferies, discusses the Federal Reserve's first rate cut and Chair Jerome Powell's latest messaging.

Persons: Mohit Kumar, Jerome Powell's Organizations: Jefferies, Federal

☆ Japanese warplanes use flares to warn a Russian Il-38 spy plane to leave airspace
▼ + stars: | 2024-09-23 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

Tokyo, Japan (AP) — Japan said its warplanes used flares to warn a Russian reconnaissance aircraft to leave northern Japanese airspace on Monday. It came a day after a joint fleet of Chinese and Russian warships sailed around Japanese northern coasts. Earlier in September, Russian military aircraft flew around southern Japanese airspace. The Chinese aircraft carrier Liaoning, accompanied by two destroyers, sailed between Japan’s westernmost island of Yonaguni and nearby Iriomote, entering close to Japan’s waters. According to Japan’s military, it scrambled jets nearly 669 times between April 2023 and March 2024, about 70% of the time against Chinese military aircraft, though that did not include airspace violations.

Persons: —, Minoru Kihara, Kihara, ” Kihara, Japan “, ” Organizations: Japanese, Russian, Soviet Union Locations: Tokyo, Japan, — Japan, Russian, Hokkaido, Russia, China, Liaoning, Japan’s, Yonaguni, Iriomote

☆ Elon Musk’s X to comply with Brazil court orders after U-turn
▼ + stars: | 2024-09-23 | by ( ) edition.cnn.com time to read: +2 min

The Brazilian Supreme Court asked the social media platform Saturday to present documents validating its new legal representative in the country. X was shut down in Brazil in late August after it did not comply with orders from the top court related to hate speech moderation on the platform. X lawyers said late Friday that the platform had named a legal representative in Brazil, addressing a key demand imposed by the court. X had a legal representative in Brazil until mid-August, when it decided to close its offices and fire its local staff. It was not immediately clear which were the accounts X has been ordered to block, as the probe is confidential.

Persons: Elon Musk’s, Alexandre de Moraes, Rachel de Oliveira Conceicao, Musk, Moraes, X Organizations: Brazilian, Court Locations: Brazil

☆ When I quit my job, I made many mistakes and almost burned bridges. Here's what you should do instead.
▼ + stars: | 2024-09-23 | by ( Georgie Tzintzis | ) www.businessinsider.com time to read: +5 min

At the end of my work days, I often found myself sitting in my car, bursting into tears. All of this prompted me to quit my job in the worst way possible. My actions created discomfort at the officeLater that day, my boss sent an email to everyone detailing my resignation. Instead, I lied, which any boss would be able to see through, and that created distrust in those last four weeks. I didn't burn any bridges, but there was a sour taste left in both our mouths.

Persons: —, could've Organizations: Service, Business

☆ When I quit my corporate job, I made many mistakes and almost burned bridges. Here's what you should do instead.
▼ + stars: | 2024-09-23 | by ( Georgie Tzintzis | ) www.businessinsider.com time to read: +5 min

I wanted to quit my corporate job — and fast. All of this prompted me to quit my job in the worst way possible. My actions created discomfort at the officeLater that day, my boss sent an email to everyone detailing my resignation. Instead, I lied, which any boss would be able to see through, and that created distrust in those last four weeks. I didn't burn any bridges, but there was a sour taste left in both our mouths.

Persons: —, could've Organizations: Service, Business

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