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☆ 'I agonized over it': Behind the scenes with the reporter who uncovered the RFK Jr./Olivia Nuzzi story
▼ + stars: | 2024-09-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +8 min

After you put out your story and New York magazine put out a statement, Nuzzi put out her own statement, which might change the way people perceive the story. And as New York magazine said, I think they're taking this pretty seriously. Since we're having a media business conversation now: I was surprised when you launched that you made this a subscription product. There is lots of media journalism out there that is for free. So this stuff is expensive, and if you want to support good journalism, I think you should pay for it.

Persons: —, Olivia Nuzzi, Robert F, Kennedy Jr, Donald Trump, Nuzzi, Oliver Darcy, Darcy, Olivia, Joe Biden, It's, She's, CNN's Donie O'Sullivan, Tasos Katopodis, it's, I've, there's Organizations: Service, RFK Jr, Business, CNN, Vox Media, New York, RFK, White, York, Getty Images Locations: Olivia Nuzzi , New York, Donald Trump ., York, New York, America

☆ Britain's ultra-wealthy are threatening to exit en masse ahead of proposed tax changes
▼ + stars: | 2024-09-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +9 min

They're just a few of the destinations trying to lure away the U.K.'s uber wealthy ahead of proposed changes to the country's divisive non-dom tax regime. They will also be prevented from avoiding inheritance tax on assets held in trust. The majority (83%) cited inheritance tax on their worldwide assets as their key motivator for leaving, while 65% also referenced changes to income and capital gains tax. Where the wealthy are movingIt comes as other countries are shaking up their tax regimes to incentivize wealthy investors. Ultra-wealthy U.K. citizens, who are typically highly active in the super-prime market, are also in "wait and see" mode ahead of possible changes to capital gains and inheritance tax.

Persons: Keir Starmer, Rachel Reeves, Macleod, Miller, they'll, Leslie Macleod, Helena Moyas de Forton, Moyas de Forton, Labour's, Alexander Spatari, I'm, Marcus Meijer, Mark, CNBC's, it's, James Myers, Oliver James, Myers, Knight Frank, Stuart Bailey, Knight Frank's, they're, Bailey Organizations: Old Bond, Pawel, Bank, Getty, Labour, Oxford Economics, Conservative, Investors, Britain, CNBC, Treasury, EMEA, Christie's, Estate, Henley & Partners, Monaco, London, Istock Locations: Old, Mayfair, London, United Kingdom, Monaco, Italy, Switzerland, Dubai, They're, Britain, Greece, Malta, Caribbean, Bahamas, Monte Carlo, Gibraltar, South Kensington, England

☆ Case for the Bank of England to go further and faster with rate cuts: Oliver Wyman
▼ + stars: | 2024-09-20 | 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 EmailCase for the Bank of England to go further and faster with rate cuts: Oliver WymanHuw van Steenis, vice chair of Oliver Wyman and former advisor to Mark Carney, discusses the Bank of England's decision to hold interest rates at its September meeting and the impact of public sector pay rises.

Persons: Oliver Wyman Huw van Steenis, Oliver Wyman, Mark Carney Organizations: Bank of England, Bank of

☆ Disney is ditching Slack after hackers gained access, and some employees aren't happy. Read the CFO's memo.
▼ + stars: | 2024-09-19 | by ( Lucia Moses | Jyoti Mann | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDisney is gearing up to stop using the messaging platform Slack, causing apparent grumblings in some corners of the company. Some of the workers complained about an apparent plan to transition to Microsoft Teams, a Slack rival, according to the screenshots. Read the full memo from Disney's CFOFellow Employees and Cast Members, Collaboration is at the heart of our employee culture. Our technology teams are now managing the transition off Slack by the end of Q1 FY25 for most businesses, with DX and more complex use cases following in Q2 FY25.

Persons: —, Slack, Hugh Johnston, Oliver Darcy, Disney's Slack, Hugh, they'd Organizations: Service, Business, Disney, Wired, Street Journal, Microsoft Teams, Microsoft

☆ New York magazine writer Olivia Nuzzi placed on leave after disclosing RFK relationship
▼ + stars: | 2024-09-19 | by ( Brian Stelter | ) edition.cnn.com time to read: +2 min

The person said the relationship was emotional and digital in nature, not physical. In a statement to CNN, Nuzzi said her relationship with a reporting subject had “turned personal” and that she regretted not disclosing it to the publication. “Earlier this year, the nature of some communication between myself and a former reporting subject turned personal. “The relationship was never physical but should have been disclosed to prevent the appearance of a conflict. According to the magazine, Nuzzi “recently” acknowledged a relationship with a reporting subject, which was a “violation of the magazine’s standards around conflicts of interest and disclosures.”“Had the magazine been aware of this relationship, she would not have continued to cover the presidential campaign,” the New York magazine statement added.

Persons: Olivia Nuzzi, Nuzzi, “, Robert F, Kennedy, Jr, Donald Trump, “ Mr, Oliver Darcy, ” Nuzzi, Nuzzi “, ”, ” “ Organizations: New, New York CNN, New York, CNN, Trump Locations: New York, Status

☆ The Fed goes big — a nice jumpstart to lowering mortgage rates and boosting housing plays
▼ + stars: | 2024-09-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The Fed was widely expected to lower short-term interest rates, but the 25 basis points versus 50 debate raged right up until the announcement. Mortgage rates: We talked last week during our September Monthly Meeting about how housing activity can start to pick up when mortgage rates fall off their cycle highs to somewhere in the range between 5% and 6.5%. However, what the data shows is how sensitive activity is to every dip in mortgage rates. 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.

Persons: Jim Cramer, Jerome Powell, Stanley Black, Decker, Mortgage Banks, Jim Cramer's, Lisa Su, Oliver Garden, Jim Organizations: CNBC, ., Federal Reserve, Stanley, Mortgage, Micro, LongHorn, Darden, Jim Cramer's Charitable

Shogun and Hacks were among the big winners last night, along with The Bear, The Traitors, and others. Below, we've put together everything you need to know about where to watch Shogun, Hacks, and other Emmy winners. Hacks also impressed, racking up multiple wins, including Outstanding Comedy Series. Where to watch ShogunShogun, based on the 1975 James Clavell novel, is the first non-English-language series to win Outstanding Drama. Check price at Peacock TVWhere to watch The Daily ShowThe Daily Show won two Emmys this year, including Outstanding Talk Series.

Persons: we've, Shogun, Ted Lasso, James Clavell, Jean Smart, It's, Max, Alan Cumming, RuPaul, Peacock, Trevor Noah, Jon Stewart, John Oliver, ExpressVPN Organizations: Business, Creative Arts, Hulu, Max, NBC, Daily, Comedy Central, Paramount, CBS, NFL, Nickelodeon, BET, MTV, Showtime, HBO

☆ Why these Gulf states want to be AI superpowers
▼ + stars: | 2024-09-16 | by ( Nell Lewis | Rym Bendimerad | ) edition.cnn.com time to read: +5 min

“There’s huge investments going into (AI) in the Middle East,” said Stephen Anderson, Middle East strategy and markets leader at PwC, speaking to CNN at last week’s Global AI Summit (GAIN) in Riyadh, Saudi Arabia. Energy demand from AI, data centers and cryptocurrencies could double by 2026, according to the International Energy Agency. Gulf states are investing heavily in AI as they look to diversify their economies. Last year, the UAE unveiled a tool called Jais and Saudi Arabia has developed the Arabic chatbot ALLaM. Challenge of governanceOne of the major hurdles with the development of AI is public perception and governance: how should AI and data be regulated safely, securely, ethically and fairly?

Persons: “, ”, Stephen Anderson ,, Anderson, We’re, ” Anderson, Nick Studer, Oliver Wyman, Studer Organizations: CNN, United Arab Emirates, PwC, AI, Google, Energy, International Energy Agency, ”, Saudi, AI Authority, Oliver Wyman Group, International Telecommunication Union Locations: UAE, Stephen Anderson , Middle, Riyadh, Saudi Arabia, Qatar

☆ ‘Shōgun’ makes history and other standout moments from the Emmy Awards
▼ + stars: | 2024-09-16 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +7 min

In all, the series picked up four awards, including history-making individual acting honors for its two stars Sanada and Anna Sawai. John Oliver thanks his late dogJohn Oliver at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. You’re very good girls, you’re very good boys, and you all deserve a treat!”John Leguizamo stands up for progressJohn Leguizamo at Sunday's Emmy Awards. Despite my name, I come in peace.” – Will Smith, a English writer and producer and winner of outstanding writing for a drama series for “Slow Horses,” referencing that moment from the Oscars. Nine times out of ten, I’m right.” – Steve Martin“Welcome everybody to the 76th Emmy Awards — also known as broadcast TV’s biggest night for honoring movie stars on streaming services.” – Dan Levy, who hosted alongside dad Eugene a solid – if not safe – show

Persons: Shōgun, Justin Marks, Hiroyuki Sanada, Chris Pizzello, “, ”, Sanada, Anna Sawai, Sawai, ” Richard Gadd, Richard Gadd, I’d, Lisa Colón, Zayas, Liza Colon, Jae, Tina, Meryl Streep, Sheryl Lee Ralph, Carol Burnett, ” Candice Bergen, ’ Candice Bergen, Kevin Winter, Murphy Brown, Candice Bergen, she’s, Bergen, Dan Quayle, Murphy, Selena Gomez, Steve Martin, Martin Short, John Oliver, Danny Moloshok, Sarah McLachlan, ” Oliver, John Leguizamo, Mario Anzuoni, Reuters John Leguizamo, Leguizamo, “ She’s, Kathy Bates “, ” – Will Smith, Nicole Kidman, Steve Martin “, —, ” – Dan Levy, Eugene Organizations: CNN, Voters, Republican, Peacock, Reuters, New York Times Locations: Los Angeles

☆ New Zealand’s Bird of the Year: A shy penguin wins after campaign filled with memes and tattoos
▼ + stars: | 2024-09-15 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

Wellington, New Zealand (AP) – It’s noisy, smelly, shy – and New Zealand’s bird of the year. This year’s victor, the hoiho — its name means “noise shouter” in the Māori language — is a shy bird thought to be the world’s rarest penguin. Aspiring bird campaign managers — this year ranging from power companies to high school students — submit applications to Forest & Bird for the posts. While anyone in the world can vote, Forest & Bird now requires electors to verify their ballots after foreign interference plagued the contest before. The following year, Forest & Bird was forced to clarify that a flurry of votes from Russia appeared to be from legitimate bird-lovers.

Persons: John Oliver, ”, Emma Rawson, Nicola Toki, Bird, —, Charlie Buchan, Jane Goodall, Phil Keoghan, “, Emily Bull, Bull despaired, Hayden Parsons, –, Rawson, “ There’s, ” Bull Organizations: New Zealand, Forest, New, rugby, Victoria University of Wellington, Bird Locations: Wellington, New Zealand, New, South, Chatham, —, Aotearoa, Dunedin, Russia

Learn moreLet us show you everything you need to know about where to watch a free Azerbaijan F1 live stream wherever you are in the world. As also detailed in our season-long free F1 live stream guide, we can help you watch every race this season via similar options to today's. How to watch free Azerbaijan F1 live streams with a VPNSign up for a VPN if you don't have one. How to watch Azerbaijan F1 live stream in the USESPN is covering the remaining Formula 1 races this season . Check price at FuboHow to watch Azerbaijan F1 live stream in the UKWant a free option?

Persons: Norris, Verstappen didn't, Leclerc, Oliver Bearman's Haas, you'll, ExpressVPN, it's, FuboTV Organizations: Business, Premier League, NFL, Azerbaijan, RTL2, AWST, Azerbaijan F1, ESPN, Sky Sports, Sky Locations: Azerbaijan, P6, Baku, ORF1, ServusTV, Austria, Belgium, Luxembourg, RTBF, TV's

☆ Buy stocks like Nvidia to cash in on the AI data center wave, Bank of America says
▼ + stars: | 2024-09-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bank of America highlighted a host of stocks that are worth snapping up — including a few names benefiting from the artificial intelligence and data center revolution. Johnson Controls "Best-in-class data center assets and change is coming. … Leading position in data centers JCI is on track to generate ~$4bn from data centers, or ~14% of revenue in FY24E. JCI's data center exposure compares to Trane Technologies' ~4% and Carrier's ~3%, by our estimate. … We rate Broadcom Buy due to its high-quality diversified exposure to secular product cycles in the smartphone, cloud data center, telecom and enterprise storage markets."

Persons: Alexander Waters, Waters, Dycom, Johnson, it's, Andrew Obin, Obin, George Oliver, Vivek Arya, Arya's, Arya Organizations: America, CNBC, Bank of, National Grid, Broadcom, Nvidia, Johnson, Dycom Industries, government's Broadband Equity, Dycom, JCI, Johnson Controls, VMware, Industries, Trane Technologies Locations: FY24E

The first ballots of the 2024 general election are heading to voters, as Alabama officials started mailing them out Wednesday. Alabama requires that voters have a reason to vote by mail, such as being absent from the county or working during Election Day. In 2022, just over 45,000 voters cast absentee ballots, accounting for roughly 3% of all the state's ballots. Officials in Alaska, Idaho, Kentucky, Pennsylvania, Wisconsin, Arkansas, Minnesota, South Dakota, Virginia, West Virginia, Wyoming, Colorado, Louisiana, Maryland, New Jersey, Oklahoma, Rhode Island, Texas, Mississippi, Oregon, and Vermont will begin sending mail ballots later this month. And Virginia voters will be the first to cast in-person ballots in significant numbers, with early in-person voting kicking off on Sept. 20.

Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Kamala Harris, Jill Stein, Chase Oliver Organizations: Voters, ., North Carolina, Republican, Trump Locations: Alabama, . North Carolina, North Carolina, Alaska , Idaho , Kentucky, Pennsylvania, Wisconsin , Arkansas, Minnesota, South Dakota, Virginia, West Virginia , Wyoming , Colorado , Louisiana , Maryland , New Jersey , Oklahoma, Rhode Island , Texas , Mississippi , Oregon, Vermont

☆ Samuel Alito and his wife were the honored guests of a German princess and enjoyed a spot of luxe castle living in 2023: report
▼ + stars: | 2024-09-10 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

According to The Times report, the princess hosted Alito and his wife Martha-Ann in July 2023 at her 500-room castle, St. Emmeram Palace, in southeastern Germany. Advertisement"He is pro-life in a time where the majority follows the culture of death," the princess said of Alito. In his 2023 disclosure, Thomas amended his disclosures from 2019 to reflect the luxury trips he received from Crow. AdvertisementStricter ethics rules were adopted in March 2023, requiring Supreme Court justices to disclose any gifts, trips, or meals they may have accepted. A representative for Alito didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Samuel Alito Jr, Gloria von Thurn, Alito, Martha, Ann, Richard Wagner, SCOTUS, ProPublica, Clarence Thomas, Harlan Crow, who's, Crow, Thomas, John Oliver, Oliver, Vladimir Putin's, Alito didn't Organizations: Service, Gloria von Thurn und, The New York Times, The Times, Business, Bayreuth, Times Locations: German, St, Emmeram, Germany, Crow, Russia

The U.S.-recognized winner of Venezuela’s presidential election on July 28, Edmundo González Urrutia, fled to Spain as President Nicolás Maduro heightened his repression campaign and issued a warrant for his arrest. As human rights abuses and the dismantling of democratic institutions intensified under Maduro, President Donald Trump followed with “maximum pressure” sanctions in an attempt to squeeze him out of office. A Venezuela election body stacked with Maduro backers has declared Maduro the winner of the country’s July 28 election but refused to release vote tallies. Biden resumed deportations of Venezuelans as a condition of the election negotiations with Maduro. “If you want to do something about migration, what you should not do is help make things worse for Venezuelans,” Rodriguez said.

Persons: Donald Trump, Kamala Harris, Trump, Edmundo González Urrutia, Nicolás Maduro, Fernando Rodriguez, Josef Korbel, “, ” Rodriguez, Maduro, George W, Bush, Joe Biden, González, ”, Oliver Stunkel, ” Stunkel, Harris, Jason Marczak, Biden, Rodriguez, Dislodging Organizations: Josef, Josef Korbel School of International Studies, Trump, Chevron, U.S, Carnegie Endowment, International Peace, Carnegie, Northern, Atlantic Council Latin America, Customs, Maduro, NBC Locations: U.S, Spain, Denver , Colorado, Cuba, Venezuela, “, United States, El Salvador, Guatemala, Honduras, Mexico

☆ Ukraine is getting more Bradleys from the US as the fighting vehicles prove to be among the most valuable armor in the war
▼ + stars: | 2024-09-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewThe US has promised Ukraine a new military aid package including more Bradley infantry fighting vehicles. The US-made armored vehicles, which offer maneuverability, versatility, and sufficient firepower, have proven valuable to Ukraine efforts on the battlefield — more so than the main battle tanks and other heavy armor it's received. The US announced a new military aid package for Ukraine valued at $250 million to meet Ukraine's critical defense needs. One reason is that its received more Bradleys than it has main battle tanks from Western nations. Bradleys have gone up against a variety of Russian armor, either holding their own or winning the fight.

Persons: —, Bradley, it's, ◾️ Bradley IFVs, Bradleys, Oliver Weiken, Ukraine's, Crews Organizations: Service, US Department of Defense, Business, US, ◾️ RIM, —, Carriers, Getty, Pentagon, NATO, Mechanized Brigade, 47th Mechanized Brigade Locations: Ukraine

☆ Friday’s jobs report will likely determine the size of the Fed’s rate cut
▼ + stars: | 2024-09-05 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The US economy appears to be on a knife’s edge, and Friday’s jobs report will be the deciding factor as to the next direction. Economists are expecting that the August report should reaffirm that the labor market is merely cooling versus outright weakening. Inflation had cooled, and the labor market was rolling right along and doing its part to keep consumers spending and the economy churning. Friday’s jobs report should provide further reassurance that the labor market is merely softening and not collapsing, economists predict. “It would be a mistake to define the labor market as being excessively weak at this stage.”Instead, the signals indicate that the labor market has moved from being extremely strong and into better balance, she said.

Persons: ” Tuan Nguyen, —, ” Karin Kimbrough, “, ” Oliver Allen, ” Allen, ”, Andrew Challenger, Nick Bunker, Pantheon’s Allen, Beryl “, Mike Skordeles Organizations: CNN, RSM, Federal, LinkedIn, Labor, Department of Labor, “ Companies, Pantheon Macroeconomics, BLS, Employers, ADP, Challenger, Technology, “, North America, Bank of America Locations: US, Michigan, Texas

☆ America has the fewest jobs available since January 2021
▼ + stars: | 2024-09-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —The number of available jobs in the US shrank more than expected in July, an indication that demand for workers continues to wane amid a cooling labor market. Wednesday’s data is the first in a series of critically important economic metrics released this week about the US labor market, culminating with the Friday jobs report. As the labor market has slowed, it’s come back into balance: There are now nearly 1.1 jobs available for every person looking for one. The monthly jobs report for July showed gains of just 114,000 — far below expectations — and the unemployment rate shot to 4.3% from 4.1%. Separately, annual labor market data revisions showed job gains for the year ending March 2024 were less robust than initially thought.

Persons: “, ” Oliver Allen, ”, it’s, hasn’t, ” Allen, Robert Frick, ” Frick, ” ‘ Haggard, haggard, Noah Yosif, ” Julia Pollak, ZipRecruiter’s, ” Pollak, Wednesday’s, they’ve Organizations: CNN, Bureau of Labor Statistics, Federal Reserve, Labor, Pantheon Macroeconomics, Federal, Navy Federal Credit Union, American Staffing Association, ZipRecruiter

☆ China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
▼ + stars: | 2024-08-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Comparable store sales, a key measure for the restaurant industry, were down 14% in its most recent quarter. Sales slumpStarbucks' comparable store sales in China have been incredibly volatile over the past five years. But in recent months, they've been hit by cautious consumer spending and increased competition, then-CEO Laxman Narasimhan told investors in July. Luckin Coffee, Starbucks' biggest rival in China, has nearly three times as many stores as Starbucks in the country after monumental unit growth. "We're not interested in entering the price war," Starbucks China CEO Belinda Wong told investors in January.

Persons: —, Brian Niccol, they've, Laxman Narasimhan, Narasimhan, Sherri, Kearney, Luckin, McCafe, KFC's, Dave Xie, Oliver Wyman, Xie, latte, We're, Belinda Wong, Wong, it's, Brian Yarbrough, Edward Jones, Liu Ying Organizations: Service, Starbucks, Business, Bank of America, Bloomberg, Publishing, Getty, Reuters Locations: China, Beijing, Shanghai, Seattle, Luckin, Cotti, Xinhua

☆ Words Used at the Democratic and Republican National Conventions
▼ + stars: | 2024-08-23 | by ( Jonathan Corum | ) www.nytimes.com time to read: +4 min

From left, Chip Somodevilla/Getty Images;J. Scott Applewhite/Associated PressWords Used at the Democratic and Republican National ConventionsSpeakers at the Democratic National Convention used more than 109,000 words over four days in Chicago this week. Their choice of words and phrases contrasts the themes and ideas of last month’s Republican National Convention. Excluding common and routine words, the most frequently spoken words at the Democratic convention were:A similar number of words were spoken at the Republican convention in Milwaukee last month, with speakers using more than 110,000 words over four days. Speakers at the Democratic convention leaned into words about liberty and patriotism, mentioning “freedom” 227 times compared with 67 times at the Republican convention. Words like “woman,” “joy” and “weird” were also used more often by Democratic speakers.

Persons: Chip Somodevilla, Scott Applewhite, Donald J, Kamala Harris’s, Joseph R, Biden, Tim Walz Kamala Harris, Trump JD Vance, Kamala –, Harris, Putin –, – –, Mandel Ngan, Will Oliver, Walz, Kenny Holston, Joy, ”, Trump, Obamacare Organizations: Democratic, Republican, Democratic National Convention, Republican National Convention, Love, Social Security, Trump, Biden, Harris –, AFP, Shutterstock, Associated Press, New York, “ America, Republicans Locations: Chicago, Milwaukee, Ukraine, Russia, China, Israel, Gaza, Iran, Afghanistan

☆ Solar-powered boats are sailing through Ecuador’s Amazon rainforest
▼ + stars: | 2024-08-14 | by ( Leah Collins | ) edition.cnn.com time to read: +8 min

CNN —In a secluded part of Ecuador’s Amazon rainforest, river transport is far more common than road travel. “Since the (solar) boats arrived, families have been giving up these motors completely,” he added. Working at an Achuar-owned local business in a remote Amazon community, he saw firsthand the difficulties people had in accessing basic resources such as electricity and transportation. I realized that I wanted to help empower them to reach this goal.”Achuar technicians maintaining the solar boats. “The study came back very positive; the solar boats could work if powered correctly,” he said.

Persons: Kara Solar, ”, Angel Wasump, Kara Solar’s, Oliver Utne, Utne, I’d, “, Kara, Begovic, “ We’d, Tapiatpia ”, Cheryl Martens, ” Kara, Nantu, “ It’s Organizations: CNN, MIT, — Escuela Superior, Universidad San Francisco, Quito —, Institute for Advanced, San Francisco University of Quito Locations: Ecuador, Peru, Quito, “, Minnesota, Pastaza

☆ We are in a consumer discretionary recession, says TD Cowen's Oliver Chen
▼ + stars: | 2024-08-12 | 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 EmailWe are in a consumer discretionary recession, says TD Cowen's Oliver ChenOliver Chen, TD Cowen senior retail analyst, joins 'Squawk Box' to discuss key retail earnings from Walmart and Home Depot this week, what to expect from the retail giants, state of the consumer, and more.

Persons: Cowen's Oliver Chen Oliver Chen, TD Cowen Organizations: Walmart

At least one person was killed and two were injured after a house in Maryland exploded Sunday morning, according to the Harford County Fire and EMS Association. Video and pictures from the scene show that the house was completely destroyed and left piles of debris in the surrounding area. There were around 60 personnel from multiple fire and emergency service agencies on scene to assist with the explosion, Sexton said. The Harford County Sheriff’s Office and the Bureau of Alcohol, Tobacco, Firearms and Explosives are also helping with the investigation. “Currently, it is still a very active search and rescue scene,” Alkire said.

Persons: Oliver Alkire, Jeffrey Sexton, I’ve, ” Alkire, Sexton, It’s, “, Alkire, Lisa Czawlytko, ” Czawlytko Organizations: Fire, EMS Association, Baltimore Gas and Electric Company, Sheriff’s, Alcohol, Tobacco, Firearms, Explosives, ”, NBC Locations: Maryland, Harford, Harford County

☆ Warner Bros. Discovery signals rapid deterioration of television business, sending stock plummeting
▼ + stars: | 2024-08-08 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

It’s a reflection of how quickly the traditional television business is deteriorating and imperiling companies such as WBD, which rely on linear channels for the bulk of their revenue. The one bright spot in the legacy television business has been live sports programming, which continues to draw high viewership even as cable cancelations mount. To be fair, WBD is not the only once-high flying legacy media behemoth struggling to find its footing in a shifting landscape upended by the Netflixrevolution. Speaking candidly to investors on the company’s earnings call Wednesday, Zaslav acknowledged the dire reality of the television business. “It’s fair to say that even two years ago, market valuations and prevailing conditions for legacy media companies were quite different than they are today,” Zaslav said.

Persons: New York CNN — David Zaslav, WBD, ” WBD, Shari Redstone, David Ellison’s Skydance, Zaslav, “, ” Zaslav, Gunnar Wiedenfels, ” Wiedenfels, we’ve, shouldn’t Organizations: New, New York CNN, Warner Bros, Discovery, CNN, HGTV, TNT, TBS, NBA, . Paramount Global Locations: New York, U.S

☆ Right-wing media figures launch flurry of attacks on Tim Walz in race to define VP candidate
▼ + stars: | 2024-08-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —The Republican Party’s media allies are yet again struggling to coalesce around a single attack on the Democratic ticket. GET RELIABLE SOURCES IN YOUR INBOX A daily digest chronicling the evolving media landscape with uncompromising reporting and analysis. Fox News, naturally, led the charge, with the right-wing network devoting segment after segment to assailing Walz and his character. Since she assumed the top spot on the Democratic ticket in July, right-wing media has been noticeably struggling to present a cohesive narrative against her. It remains to be seen whether the Trump campaign will eventually establish a clear and consistent strategy for defining Harris and Walz.

Persons: Kamala Harris, Tim Walz, Walz, assailing Walz, Sean Hannity, Walz —, United States ” —, Hannity, Josh Shapiro, ” Jeanine Pirro, Donald Trump, Nick Fuentes, Adolf Hitler, Kanye, Harris, Trump, Joe Biden’s Organizations: New, New York CNN, Republican, Democratic, Minnesota, Fox News, Media, Fox, Democrat, Mar, Kanye West Locations: New York, China, United States, Pennsylvania, Gaza

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