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☆ The Titanic may play a role in who pays for the Baltimore bridge collapse. Here’s why
▼ + stars: | 2024-03-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —The massive cargo ship crash that destroyed the Baltimore’s Francis Scott Key Bridge on Tuesday will probably cost various shipping companies and insurers billions of dollars in damages. “Maritime law is steeped in antiquity. Maritime law is rooted in the need to settle disputes and enforce rules between different peoples, even before there was the concept of countries with definitive laws. That rule, known as general average, is still a guiding principle of maritime law. “it’s just a fundamental part of the way that the shipping business works,” said Martin Davies, director of the Maritime Law Center at Tulane University.

Persons: Francis Scott Key, ” Sean Pribyl, “ It’s, ”, Rhodes, Rhodians, Pribyl, “ it’s, Martin Davies, ” Davies, Dali, “ don’t, Davies, Chugging, “ Organizations: New, New York CNN, Holland, CNN, American Bar, Titanic, Star Line, White Star, Maritime Law Center, Tulane University, Grace Ocean, ”, Repair Company, Flint & Co, Supreme Locations: New York, Brooklyn, Baltimore, American, Great Britain, Southampton, Singapore, . Flint

☆ Dazzling selection of the world’s biggest, finest and most unusual gems unite in a single exhibition
▼ + stars: | 2024-03-30 | by ( Julia Carmel | ) edition.cnn.com time to read: +8 min

“It’s really personal.”It’s easy to understand why: As the curator of mineral sciences for the Natural History Museum of Los Angeles, Celestian oversees the Gem & Mineral Hall. The 125-carat "Jonker I" diamond, one of the most storied gems of its kind in history. “The story goes: It was raining one day… and then because all the rain just washed away the sediment, they found a 726-carat rough diamond,” Celestian said. Courtesy the Natural History Museums of Los Angeles CountyA view inside the Hixon Gem Vault, featuring highlights from the "100 Carats" exhibition. Though nothing else is quite as rare, the other gems in this exhibition are unique, vividly colored, and mostly unseen.

Persons: CNN — Aaron Celestian isn’t, ”, they’re, It’s, Celestian, Robert Procop, Sir Ernest Oppenheimer, Harry Winston, Winston, Lazare Kaplan —, King Farouk of, ” Celestian, Shirley Temple, hasn’t, Procop, Angelina Jolie, “, ” Procop, Lori Bettison, Varga, — Organizations: CNN, of Los, Gem, Mineral, American Museum of, “ Locations: of Los Angeles, Los Angeles, South Africa, New York City, King Farouk of Egypt, Egypt, ”, Los Angeles County, New York, Tanzania, Myanmar, Colombia

☆ Here's how I prepared for my 15-hour long-haul flight to Hong Kong
▼ + stars: | 2024-03-30 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Before I share how I survived my 15-hour flight, I have to let you in on my personal Q2 challenge: I'm determined to eat less ultra-processed foods. Now the city has reimagined itself as a tourist destination, with a waterpark, an artificial beach, and a golf course. According to one estimate, Americans actually have about four to six hours of leisure time every day. AdvertisementSee the full listMore of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.

Persons: —, you'll, Let's, Greta Gerwig's, Barbie, Jenny Chang, Rodriguez, Marielle, Marielle Descalsota, Daniel Chaney, Alexa Campbell, Henry Ammann, Alyssa Powell, Beyoncé, Carter, Buckle, Tanner Adell, who's, Javier Zayas, there's, Tyler Le, Ewan McGregor's, Lisa Frankenstein, Zelda Williams, Robin Williams, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Canberra Airport, Getty, Art Basel, BI, Visa, Mastercard —, Mastercard Forest City, Paramount, Netflix Locations: Hong Kong, Australia, Johor, Malaysia's Forest, Forest City, Texas, Moscow, New York

☆ The Big Number: $30 Billion
▼ + stars: | 2024-03-29 | by ( Santul Nerkar | ) www.nytimes.com time to read: 1 min

The agreement may offer relief for smaller retailers and consumers who have been squeezed by rising costs. But there are reasons to be skeptical that you’ll be paying less every time you use a credit card. Swipe fees have increased over time. According to the Nilson Report, which tracks credit card payments, American merchants paid more than $70 billion in swipe fees to Visa and Mastercard last year.

Persons: you’ll, Nilson Organizations: Visa, Mastercard

☆ Robinhood’s Credit Card Offers 3% Cash Back. Can It Last?
▼ + stars: | 2024-03-28 | by ( Ron Lieber | ) www.nytimes.com time to read: 1 min

Here’s the first thing to know about the new Robinhood credit card that promises 3 percent cash back on all purchases, without limits: Yesterday, when I asked Vlad Tenev, the company’s chief executive, to guarantee that it would stay at that level for 18 months, he would not. Cash-back offers from big card issuers like Citibank generally top out at about 2 percent, and it’s hard to make money even at that level. The Robinhood Gold Card is the company’s first credit card with its own branding. So what does it think it knows that nobody else does, and what exactly does it hope to accomplish? There are several ways to make money with credit cards.

Persons: Vlad Tenev, Charles Schwab Organizations: Citibank

☆ Credit Card Swipe Fees Are Going Down. Are Points Going With Them?
▼ + stars: | 2024-03-28 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

On Tuesday, the largest credit card companies in the United States reached an agreement with merchants to reduce the so-called swipe fees retailers pay for accepting credit card payments, potentially saving the retailers $30 billion. These fees also help fund the credit card rewards programs that many travelers redeem for things like free flights and hotel stays, leading points hawks to wonder: Are loyalty programs at risk? Last year, credit card payments generated an estimated $72 billion in fees paid by merchants, which are generally passed along to customers in the form of higher prices. For nearly 20 years, merchants have been seeking reductions in the fees they pay Visa and Mastercard for handling transactions where the cards are used. It would also allow merchants to potentially charge consumers more based on the card they pay with.

Organizations: Visa, Mastercard, Chase Sapphire Reserve Locations: United States

A settlement that could scramble the credit card businessA long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants. But the proposed class-action settlement could have wider consequences, including for the lucrative business of high-end credit cards — and for retailers. What’s in the settlement: Visa and Mastercard said on Tuesday that they had agreed to reduce swipe fees, costs associated with the use of a credit card, for about five years. Perhaps more important, merchants will be able to raise their prices based on the kind of card. For example, buying groceries with a higher-fee card — typically a premium card like the Chase Sapphire Reserve — could become more expensive than paying with a lower-end one.

Organizations: Visa, Mastercard, Chase Locations: United States

As a result, premium credit cards are more likely than others to be impacted by this legislation. You might soon pay more for the privilege of paying with a premium credit card like the Chase Sapphire Reserve or The Platinum Card from American Express. Premium credit cards: Worth paying a premium per purchase? But we've seen premium credit card annual fees steadily rise over the past few years, and this legislation may further impact loyalty rewards. But be prepared to potentially shift your payment strategy, especially if merchants begin charging variable rates based on different costs for premium credit cards.

Persons: —, Michael Spelfogel, John Ulzheimer, Ulzheimer Organizations: Visa, Mastercard, Service, Chase Sapphire Reserve, American Express, cardholders, Chase, Capital, Citi Locations: FICO, Wells Fargo

☆ Premarket stocks: Warren Buffett’s favorite indicator is flashing red
▼ + stars: | 2024-03-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The “Buffett Indicator” is flashing red. If the stock market is growing a lot faster than the economy, that could be a sign of a bubble. Yes, but: The so-called Buffett Indicator is not without flaw. By the closing bell, Trump Media ended at $57.99, up by a more modest 16% on the day. He said Trump Media is likely worth somewhere around $2 a share — nowhere near its closing stock price of $58.

Persons: Warren Buffett, Fortune Magazine “, Berkshire Hathaway, John Hussman, Hussman, Larry Summers, “, ”, Louis Navellier, Goldman Sachs, Navellier, doesn’t, Buffett, they’re, Jamie Dimon, Kevin Gordon, Charles Schwab, Elisabeth Buchwald, Donald Trump’s, CNN’s Matt Egan, Jay Ritter, Ritter Organizations: CNN Business, Bell, New York CNN, Fortune Magazine, Nvidia, Federal Reserve, Bloomberg, Navellier, Associates, “, JPMorgan, CNBC, CNN, Visa, Mastercard, Court, Eastern, of, National Retail Federation, Trading, Trump Media & Technology Group, Trump Media, University of Florida’s Warrington College of Business, GameStop, AMC Locations: New York, of New York

☆ Big changes could be coming to the way we pay for things
▼ + stars: | 2024-03-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're examining how a change in credit cards' behind-the-scenes fees impacts you… and your points . Under the settlement, merchants could charge customers more for using different cards despite being part of the same Visa or Mastercard network. AdvertisementTim Boyle/Getty Images; Jenny Chang-Rodriguez/BIThe agreement could ultimately reshape how consumers pay for things. AdvertisementPerhaps that's why one analyst told Business Insider's Alex Bitter he doesn't expect major retailers to pass swipe fees along to customers. But maybe, not unlike the fees the agreement targets, what seems small could eventually add up to something big.

Persons: —, Jenny Chang, Rodriguez, Insider's Grace Eliza Goodwin, Tim Boyle, David Morris, Alex Bitter, LUDOVIC MARIN, BlackRock's Larry Fink, Jeremy Grantham, Ian Shepherdson, That'll, We've, Meta, Mark Zuckerberg, Facebook execs, Francis Key Scott, Hunter Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Nickelodeon, Business, Mastercard, Visa, Getty, Fed, Amazon, BI Locations: Europe, LUDOVIC, Baltimore, Port, New York, London

☆ Credit-card points might be entering a new era
▼ + stars: | 2024-03-26 | by ( Dan Defrancesco | Alex Bitter | ) www.businessinsider.com time to read: +4 min

Visa and Mastercard settled a dispute with US retailers over credit-card swipe fees. AdvertisementOne of the great American pastimes — using your credit card to accumulate points — could be about to change. On Tuesday, Visa and Mastercard settled with US retailers over a longstanding dispute tied to credit-card swipe fees. But the points game can be one of fine margins, and a change to interchange fees could have ripple effects for rewards programs. Don't be surprised if it starts taking a lot longer to rack up the points required for your next getaway.

Persons: Banks, —, they'd, David Morris, Morris, David Silverman Organizations: Visa, Mastercard, Service, JPMorgan Chase, Bank of America, Bloomberg, Chase, National Retail Federation, Retail Industry, Association, Credit, Fitch Locations: bodega, It's, eMarketer

☆ Jim Cramer shares his thoughts on Mastercard, Visa, Reddit, McCormick, Hershey and UPS
▼ + stars: | 2024-03-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Mastercard , Visa : The companies reached a settlement with merchants over swipe fees. "I think that Mastercard and Visa are both terrific stocks and this only makes them better." Reddit : Shares of the social media firm continue to rally since their initial public offering last week. McCormick : Shares surged nearly 10% after the spice maker delivered better-than-expected quarterly results and offered an upbeat guidance.

Persons: Jim Cramer's, They've, Jim Cramer, McCormick, Cramer, Brendan Foley Organizations: CNBC, Club, Mastercard, Visa, Hershey, BNP, United Parcel Service Locations: McCormick

☆ Visa and Mastercard Agree to Cap Swipe Fees in Settlement
▼ + stars: | 2024-03-26 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Visa and Mastercard have agreed to cap the so-called swipe fees they charge to merchants that accept their credit cards, as part of a class-action settlement that could save merchants an estimated $30 billion over five years — the latest development in a nearly 20-year legal battle. Each time a customer uses one of its credit cards, Visa or Mastercard collects a swipe fee — also called an interchange fee — for processing the transaction, which it shares with banks issuing the cards. The settlement, which was announced on Tuesday and is subject to court approval, can be traced back to a 2005 lawsuit by merchants arguing that they paid excessive fees to accept Visa and Mastercard credit cards. As more consumer spending has shifted to credit cards over the years, processing fees have also risen. To accept Visa and Mastercard, U.S. merchants paid $101 billion in total fees in 2023, including $72 billion in interchange fees, according to the Nilson Report, which tracks the payments industry.

Persons: Nilson Organizations: Visa, Mastercard

☆ Check out the pitch deck marketing tech firm Zenapse used to raise $8 million to help big brands like Sam's Club get people to shop
▼ + stars: | 2024-03-20 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMarketing-tech firm Zenapse has raised $8 million in a seed round of funding to equip marketers with tools that drive sales. Zenapse provides a marketing graph that collects anonymous data about 150 million consumers, equivalent to 3.5 billion pieces of data. In another example, marketers use Zenapse's tools to test what images and copy people respond to, which Bernardini said indicates a person's emotions and beliefs. He said Zenapse wants to differentiate itself by using AI to infer emotional data that can spit insights out to brands quickly.

Persons: —, Zenapse, Matthew Bernardini, Bernardini Organizations: Service, Business, Sam's, Prosper, Adobe, Naples Technology Ventures, Ben Franklin Technology Partners, Broad, BaseCamp Ventures Locations: Naples

☆ Temu has officially opened to US-based sellers in a strategy shift that could help it compete more closely with Amazon
▼ + stars: | 2024-03-15 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Read previewTemu has opened its marketplace to sellers with US-based warehouses, marking a shift to its strategy that has focused on shipping orders from China. Business Insider previously reported that US Amazon sellers were largely eager to try selling on Temu once it was made available to them. Offering faster shipping options could help Temu to better compete with US e-commerce incumbents like Amazon. The company's use of de minimis shipments has gotten increased attention from US lawmakers as of late. Shein, another China-linked e-commerce marketplace, also began onboarding US merchants last year.

Persons: —, Temu, Brightever, Bernstein, De minimis, Earl Blumenauer, Neal Dunn, Dan Bishop, Shein Organizations: Service, Pinduoduo Holdings, Business, US, US Customs Locations: China, Palm Springs, Las Vegas

☆ Klaviyo CEO Andrew Bialecki explains why the company is only '1% done'
▼ + stars: | 2024-03-11 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Klaviyo, the marketing tech company that went public on the New York Stock Exchange last September, has an internal motto that's meant to motivate its employees and make them less afraid of failure: "We're 1% done." CEO Andrew Bialecki compared the idea to the progress bar that might appear on your screen when you're downloading a software update. Bialecki says Klaviyo can directly demonstrate the impact of its tech using a metric the company calls "Klaviyo Attributed Value." The company said it generated more than $50 billion in Klaviyo Attributed Value in 2023. The company reported fourth-quarter earnings — their second as a public company — on February 27.

Persons: Andrew Bialecki, you've, Bialecki, Klaviyo, There's Organizations: New York Stock Exchange, Business, — Locations: Shopify

☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
▼ + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.

Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida

☆ Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
▼ + stars: | 2024-03-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlings thanks to their weight-loss drugs. And it comes despite only 1% of US adults taking weight-loss drugs, according to Bank of America , which predicts that number could rise to 15% by 2035. Weight-loss drugs are also cutting more than just fat. For Wall Street, meanwhile, the equation is much simpler: Getting more people on weight-loss drugs boosts the economy. The trend, which will be powered by cash-rich mega-cap tech companies, is thanks to strong earnings growth, the bank said.

Persons: —, Joe Biden, Donald Trump —, Trump, Zhan, Eli Lilly, Tesla, Hannah Latham, Octavio Jones, Christian Rodriguez, Laura MacPherson, Jenny Chang, Rodriguez, they're, Goldman Sachs, Biden, Barry Sternlicht, Fernando Gutierrez, It's, Elon Musk, TikTok, Pete Ryan, RJ Scaringe, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, pharma, Business, Tesla, Microsoft, JPMorgan, Pfizer, Novo Nordisk, Bank of America, Nvidia, Companies, Fed, Infrastructure Investment, Alpha, Commission, Elon, EV, Nike, Congress, White, Meta, SXSW Locations: China, US, New York, London

☆ This defense-tech startup bootstrapped its way to nearly $30 million in revenue. Now, it has another $35 million from Sapphire Ventures.
▼ + stars: | 2024-03-07 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Now, Defense Unicorns, a startup that creates open-source software for national security systems, has announced it raised $35 million in a round of funding led by Sapphire Ventures and Ansa Capital. The world of open-source software for the military is small, making the opportunity much greater. TestifySec, a tiny startup building open-source software for the Department of Homeland Security, raised a $6 million seed round last fall. This year, Defense Unicorns says it will use the initial round of funding to go on a hiring spree. Defense Unicorns will compete for talent in artificial intelligence with tons of other startups.

Persons: —, Jai Das, Rob Slaughter, Das, siphoning, Slaughter, it's, Lockheed Martin Organizations: Service, Sapphire Ventures, Unicorns, Business, Defense Unicorns, Ansa, Department of Defense, Air Force, Lockheed, Department of Homeland Security Locations: Chicago

☆ The Youths Have Spoken: Wallets Are Lame. Go Digital.
▼ + stars: | 2024-03-06 | by ( Brian X. Chen | Yiwen Lu | ) www.nytimes.com time to read: +1 min

To a growing number of youths, a wallet stuffed with cash and cards is as unfashionable as the millennial tuck, no-show socks and skinny jeans. Iykyk — that’s “if you know, you know,” for those who don’t know. I, Brian Chen, a graying 39-year-old tech columnist, am not one of those in the know. It’s unfathomable to me to part with my wallet, which holds crucial items like my driver’s license. “If a store doesn’t accept Tap to Pay, I won’t give them business,” Ms. Hegab said.

Persons: Iykyk, Brian Chen, unfathomable, Yiwen Lu, Ruby Hegab, Ms, Hegab Organizations: Apple Locations: Fremont , Calif

☆ In Shopify's app store, 'people are fighting it out on the margins' as the market becomes oversaturated and merchants cut costs
▼ + stars: | 2024-02-29 | by ( Madeline Stone | ) www.businessinsider.com time to read: +10 min

Its S-1 filing mentions the word "Shopify" 198 times, and it said that about 77.6% of its annual recurring revenue came from Shopify merchants. About a third of the deals FE International facilitates are for businesses within the Shopify ecosystem, Smale said. Smale said that lately, he has worked with a "wider variety of acquirers" quietly looking to scoop up Shopify apps. He said that Shopify apps make good acquisition targets because they tend to be profitable and not venture-backed. "I always say Shopify SaaS applications are so great to build because they're kind of like building a SaaS on training wheels," Gazdecki said.

Persons: Shopify, Rachael Jones, Brent Murri, They've, Murri, Andrew Bialecki, Klaviyo, Dennis Hegstad, there's, Hegstad, Andy Cloyd, it's, We're, Thomas Smale, Smale, Andrew Gazdecki, Acquire.com, Gazdecki, Tobi Lütke, Lucas Jackson, wouldn't Organizations: Shopify's, Business, Boston Globe, FE International, Reuters Locations: Shopify, Klaviyo

☆ Jim Cramer's quick thoughts on cybersecurity stocks, Disney, and our portfolio off-price retail name
▼ + stars: | 2024-02-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Ernie Herman, Macy's, TJX, Nordstrom, Cramer, UnitedHealth, Linde, Jim Cramer's, Jim Organizations: CNBC, Consumer, Communication Services, Health Care, Tech, TJX Companies, Target, Palo Alto Networks, Disney, ESPN, Apple, Paramount, Anheuser, Busch, Jim Cramer's Charitable Locations: Maxx, Palo Alto, India

☆ Apple fans in China can't buy the Vision Pro yet, so they're lining up to rent it by the hour or day
▼ + stars: | 2024-02-28 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

Read previewPeople living in China are eager to try out the Apple Vision Pro before it launches in the country — and some are lining up to rent the headsets from third-parties, the South China Morning Post reported. It's unclear how Chinese third-party vendors get their Apple Vision Pros. AdvertisementFor people interested in enjoying some time with a Vision Pro in their own home, however, third-party vendors aren't just leasing the headsets in China. Photography equipment rental companies like Lensrentals and ShareGrid appear to be offering their own Apple headset rentals starting at $120 a day. Are you using the Apple Vision Pro in an interesting way?

Persons: —, Zhuan, SCMP, Tim Cook, hasn't, Apple didn't, Aaron Mok Organizations: Service, Apple Vision, China Morning Post, Business, VR, South China Morning, Apple Locations: China, Beijing, amok@insider.com

☆ How America’s once great department stores became a dying breed
▼ + stars: | 2024-02-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

But department stores, focused on America’s middle class, are fading. The victims of shifting consumer tastes were not the department stores that anchored the local mall, it was the small, locally owned stores along downtown shopping districts that were closing their doors. And possibly even more than the big box competitors, department stores have suffered from consumers shifting to buying items online rather than in person. The steady closing of the department stores that once served as “anchors” of malls across suburban America has been another nail in the coffin of many malls, hurting the department stores that remained in hollowed-out malls with a fraction of their earlier traffic. Saunders said one of the primary problem for Macy’s is that its holding company, formerly known as Federated Department Stores, spent much of its resources on buying other department store brands, such May’s Department Stores, and Filene’s, rather than investing in the stores its held.

Persons: New York CNN —, Neil Sauders, ”, JC Penney, It’s, “, Neil Saunders, Shannon Stapleton, Saunders, ” Saunders, Al Bello, Sunny Zheng, Macy’s, Tony Spring, Taylor, Brian Snyder, Eddie Lambert, Michael Brown, Kearney, ” Brown, Mike Segar, Richard W, Sears, Alvah Roebuck, Sears Roebuck, Bettmann, PhotoQuest, Jack Manning, Frank Scherschel, Owen, Lucille Jagusch, Arlene Hardt, Martin Luther King Jr, Michael Ochs, Ron Frehm, Ralf, Finn Hestoft, Mark Peterson, Seth Meyers, Hugh Jackman, NBCUniversal, Kaylin Wilson, Jim Cole, Rene Johnston, Maria Alejandra Cardona, Scott Olson, Cesar Villasenor, Mel Melcon, Sarah Blesener, Paul Hennessy, Patti Naleck, Naleck, Stacey Wescott, Brown Organizations: New, New York CNN, American, Walmart, Company, Department, Sears, Target, GlobalData, JCPenney, Research, RadioShack, Reuters Sears, Federated Department Stores, May’s, Reuters, Chicago History, Sears Roebuck, Roebuck, Hulton, AP, AP Soldiers, Michael Ochs Archives, Getty, Bettmann, Kmart, Bloomberg, Toronto Star, Reuters Residents, Los Angeles Times, New York Times, Chicago Tribune, Tribune, Service Locations: New York, GlobalData, America, Nanuet , New York, North Redwood , Minnesota, Chicago, El Paso , Texas, Jackson , Mississippi, Tucson , Arizona, Caracas, Venezuela, Niles , Illinois, Morton Grove , Illinois, Baltimore, White Plains , New York, Woodfield , Illinois, Hicksville , New York, Nashua , New Hampshire, Mentor , Ohio, Mississauga , Ontario, Hialeah , Florida, Janesville , Wisconsin, Santa Monica , California, Rockaway , New Jersey, Leesburg , Florida, Schaumburg , Illinois

☆ ‘Shōgun’ review: FX’s 10-part series might be the TV program of the year (again)
▼ + stars: | 2024-02-26 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

CNN —In the early heyday of miniseries, “Shōgun” was the show of the year in 1980, and it might be again 44 years later. That chaos also creates the possibility of one regent emerging to consolidate power, and perhaps even gain the title of shōgun. Of course, in today’s heavily fragmented streaming environment “Shōgun” won’t be the massive ratings hit that it was back when there were three broadcast networks (and not much else), but those who wade into this dense history will be amply rewarded. “All men can be broken,” Toranaga muses at one point, with a quiet sense of menace and determination. If only all limited series could be half as good as “Shōgun.”“Shōgun” premieres February 27 on Hulu and at 10 p..m. ET the same day on FX.

Persons: Shōgun ”, James Clavell’s, John Blackthorne, Cosmo Jarvis, –, ” Blackthorne, Toranaga, Hiroyuki Sanada, “ John Wick, shōgun, Eager, Mariko, Anna Sawai, Buntaro, Shinnosuke Abe, Blackthorne, Richard Chamberlain, King, “ Shōgun ”, Sean Connery, Jarvis, Ishido, Hira, ”, Michael Clavell, won’t, ” Toranaga Organizations: CNN, of Regents, Apple’s, NBC, Hulu Locations: Japan, ”, “

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