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☆ Jeff Bridges says he's 'feeling great' 3 years after contracting COVID while undergoing chemotherapy
▼ + stars: | 2024-07-11 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +1 min

Jeff Bridges says that he's "feeling great now," three years after his cancer went into remission. He stars in the second season of "The Old Man" on FX, opposite John Lithgow. AdvertisementJeff Bridges is more than ready to go ahead with the season two premiere of his FX series "The Old Man," three years after he contracted COVID-19 while undergoing chemotherapy. Bridges appeared on Wednesday at the Television Critics Association summer press tour alongside his "Old Man" costar John Lithgow and executive producers Jonathan Steinberg, Dan Shotz, and Warren Littlefield. Bridges spoke about the show's upcoming second season and gave an update on his health.

Persons: Jeff Bridges, Bridges, COVID, John Lithgow, —, Jonathan Steinberg, Dan Shotz, Warren Littlefield Organizations: Service, Television, Association, Business

☆ England reaches Euro 2024 final after last-gasp winning goal against the Netherlands
▼ + stars: | 2024-07-10 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —Ollie Watkins’ brilliant last-gasp winner earned England a 2-1 win over the Netherlands and a place in Sunday’s Euro 2024 final. Awaiting England in Sunday’s final is the formidable foe of Spain, which has been unequivocally the best team of Euro 2024 so far. After only seven minutes, Simons – named after Barcelona great Xavi Hernández – dispossessed Declan Rice in midfield and stormed towards the England penalty area, before unleashing an unstoppable shot past Jordan Pickford and into the top corner. Foden, who was having by far his best game of the tournament, then hit the woodwork himself as the post denied the Manchester City forward a stunning curled effort. England has known little more than disappointment and heartbreak since winning the World Cup in 1966, Southgate more than most.

Persons: Ollie Watkins ’, Xavi Simons, Harry Kane, Watkins, Gareth Southgate –, Cole Palmer, “, ‘, Coley, There’s, “ We’ve, We’ve, ”, Gareth Southgate’s, Jude Bellingham, Simons, Alex Livesey, Henri Delaunay, Simons –, Hernández –, Declan Rice, Jordan Pickford, Denzel Dumfries, Kane, Felix Zwayer, OZAN KOSE, Phil Foden’s, Ronald Koeman, Piroschka Van De Wouw, Palmer, Stefan de Vrij, Southgate Organizations: CNN, England, Lions, Turkey, Getty, France, Qatar, Manchester City, Southgate, REUTERS, Aston Villa Locations: Netherlands, Sunday’s, England, Italy, Spain, Germany, Dortmund, Barcelona, AFP, Dumfries, Manchester

☆ Netherlands 1 England 2: Late substitute Watkins hits winner to set up Euro 2024 final with Spain
▼ + stars: | 2024-07-10 | by ( The Athletic Uk Staff | ) www.nytimes.com time to read: +10 min

A late winner from England substitute Ollie Watkins against Netherlands put Gareth Southgate’s team into the final of Euro 2024, where they will face Spain. It is their second consecutive European Championship final, and the first time England have reached a major tournament final abroad. Denzel Dumfries catching Kane was deemed a penalty, despite the Netherlands defender having little choice but to attempt a block. Against the Netherlands, Rice dropped into similar positions but was far more willing to punch balls forward and look for those ahead of him. Watkins’ stunning winner — set up by Palmer — validated Southgate’s decision yet again, with a goal worthy of winning any game.

Persons: Ollie Watkins, Gareth Southgate’s, Harry Kane, Xavi Simons, Declan Rice, Kane, Denzel Dumfries, Tim Spiers, Mark Carey, Jacob Whitehead, Seb Stafford, it’ll, they’ve, Phil Foden, Kobbie Mainoo, Luke Shaw, Ivan Toney, Southgate, —, Foden, Cole Palmer, Watkins, Palmer, Stefan de Vrij, De, Felix Zwayer, Jude Bellingham, Dumfries, ”, Gary Neville, Bloor Rice, Rice, Simons —, Jordan Pickford, Michael Regan –, Kyle Walker, Watkins ’, Palmer —, Mark Carey The, Zwayer, Phil Foden’s, dink, Bart Verbruggen, Alex Grimm Organizations: England, Netherlands, Aston Villa, Bloor, Wembley, Slovakia, Switzerland, Watkins, UEFA, Michael Regan – UEFA, Getty, England’s, Mark Carey The Denzel Dumfries Show Dumfries, Pixar, Bull, Dumfries Locations: Spain, England, Netherlands, Berlin, Switzerland, Slovakia, Zwayer, Southgate, Dumfries, —

☆ Welcome to the new Fightertown USA: Inside San Diego's AI-powered unmanned aircraft boom
▼ + stars: | 2024-07-10 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +12 min

But the program has since moved to another station, and its legacy in San Diego is a faint, fond memory. AdvertisementWith such a rich history of aerial dynamism, it's no surprise that San Diego has become a major hub of this technology. Defense, AI, and a warming reception from VCsLong before AI became a household buzzword, Shield AI launched in San Diego. AdvertisementBut San Diego seemed to be a better fit with its access to open land and proximity to the ocean. That pipeline continues to feed into the San Diego tech ecosystem, feeding and driving the aerial innovation it has become known for over a century.

Persons: —, Tom Cruise, Larsen Jensen, Palmer Luckey's Anduril, Brandon Tseng, VCs Long, Tseng, Ryan, presciently, Hivemind, It's, shouldn't, Jensen, Ian Muceus, Muceus, we've, Firestorm's, Firestorm, Glenn Curtiss, Grant Jordan, Andreessen Horowitz, — Jordan, Jordan, SkySafe, Tim Draper, Aleksey Matyushev, Matyushev, Oakland — Natilus, Natilus, General Atomics, Northrop Grumman, Lockheed Martin Organizations: Service, Kawasaki Ninja, hotshot Navy, US Naval Air Station, Business, Navy, Harpoon Ventures, Defense, aha, Navy SEAL, US Department of Defense, Coast Guard, Air Force, Marine Corps, BAT, SpaceX, Marque Ventures, Silent Ventures, US Navy, Soma, Oakland, San Diego International Airport, Brown Field Municipal, Northrop, Lockheed Locations: San Diego, Miramar, Diego's, Diego, Afghanistan, Persian, Israel, Caribbean, Bay, San Diego Bay, West, San Jose, San Francisco, Central Valley, Vallejo, Kona

☆ Keegan Bradley appointed surprise Ryder Cup captain after Tiger Woods turns down role
▼ + stars: | 2024-07-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —Keegan Bradley was unveiled as Team USA’s 2025 Ryder Cup captain on Monday, a surprise turn of events after Tiger Woods was widely tipped to assume the role. The Ryder Cup is unlike any other competition in our sport, and this edition will undoubtedly be particularly special given the rich history and enthusiastic spectators at this iconic course. “I am proud and excited to name Keegan Bradley as Captain of the 2025 United States Ryder Cup Team,” said Lindert. “Keegan’s past Ryder Cup experience, strong relationships and unwavering passion for this event will prove invaluable as he guides the U.S. Despite a positive 4-3-0 record at Ryder Cups as a player, Bradley has never tasted victory at the event.

Persons: CNN — Keegan Bradley, Tiger Woods, Bradley, Zach Johnson, Arnold Palmer, “, ”, Woods, LIV Golf, ” Woods, John Lindert, Keegan Bradley, Keegan, Ross Kinnaird, Justin Thomas, Johnson, Marco Simone Golf, Jeff Haynes, Tom Watson’s, Paul McGinley’s, Luke Donald, Bernard Gallacher, don’t, I’m, ” Donald Organizations: CNN, Ryder, Bethpage, United States Team, PGA of America, May’s PGA, PGA, The, America, U.S . Team, Captain, ”, Europe, Reuters Locations: Rome, Europe, Bethpage Black, Farmingdale , New York, Vermont, Bethpage, Paris, New York, Illinois, Gleneagles, Scotland

☆ Etsy CEO says company is escaping 'race to the bottom' and getting back to its artisan roots
▼ + stars: | 2024-07-09 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Now Etsy CEO Josh Silverman wants the company, whose stated mission is to "keep commerce human," to get back to its roots. The company on Tuesday is launching a major overhaul of the policies that govern its site to make it "crystal clear" to shoppers what products belong on Etsy, Silverman said in an interview with CNBC. The changes include new labels on its website and app to show how each seller created a particular item. "We're positioning ourselves to answer the call for original goods and real people by dialing up the things that make Etsy, Etsy," Silverman said. In December, Etsy laid off 11% of its workforce, with Silverman citing the "very challenging macro and competitive environment" as reasons for the cuts.

Persons: Etsy, Josh Silverman, Silverman, It's Organizations: CNBC, Amazon, Nasdaq Locations: China

☆ Rhaenys had to die on 'House of the Dragon' for the war to begin
▼ + stars: | 2024-07-08 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

Those who have read "Fire and Blood" weren't surprised to see Princess Rhaenys Targaryen, the Queen Who Never Was, and her dragon Meleys fall to Aemond Targaryen and Vhagar. But for "House of the Dragon" to fully commit to its devastating dragon war, fought between a woman with a rightful claim to the throne and her usurper younger half-brother, Rhaenys needed to die. Eve Best and Steve Toussaint as Rhaenys and Corlys Velaryon in season two, episode four of "House of the Dragon." Ollie Upton/HBOBut despite her acquiescence, the wrong of denying Rhaenys the throne hangs like a pall over "House of the Dragon," and Rhaenyra especially. When her husband, Lord Corlys Velaryon, brings up her denial of the throne, Rhaenys says that she shuttered her ambition "a generation ago."

Persons: —, weren't, Rhaenys Targaryen, Aemond, Rhaenys, King, Meleys, Vhagar, Ollie Upton, King Jahaerys, Jahaerys, Driftmark Corlys, Eve, Steve Toussaint, Laenor, Lord Corlys Velaryon, Rhaenyra, Alicent, it's, Corlys, It's Rhaenys, Emma D'Arcy, Olivia Cooke, it's Rhaenys, Eve Best, she's Organizations: Service, King Aegon, Business, HBO, Aegon Locations: Dragonstone

Elliot Grihault and Emma D'Arcy as Lucerys and Rhaenyra in "House of the Dragon." Ollie Upton/HBOLucerys and his dragon Arrax's deaths are truly the biggest tragedies of "House of the Dragon." Not only did Lucerys' death essentially kick-start a terrible civil war, but it was entirely accidental. There is a short moment where Lucerys thinks he has escaped, and then Vhagar leaps out of nowhere and rips the dragon and its rider apart. Lucerys may have lost his life, but Aemond now has to live with the weight that an accident caused the death of a relative and a civil war.

Persons: Lucerys, Elliot Grihault, Emma D'Arcy, Ollie Upton, HBO Lucerys, Vhagar, Aemond Organizations: HBO, Greens, Blacks

☆ Aegon's fate on 'House of the Dragon' is left unclear — here's how he dies in the books
▼ + stars: | 2024-07-08 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

Read previewWarning: Spoilers ahead for season two, episode four of "House of the Dragon," and the book "Fire and Blood." It's seemingly a ploy to lure one of Rhaenyra's dragons out, and it works: Rhaenyra sends Princess Rhaenys and her dragon Meleys, the "Red Queen." Unfortunately for Criston Cole and Aemond, his partner in crime, Aegon chooses that moment to take charge, flying into the battle on his dragon Sunfyre. In the book, Vhagar lights Aegon the Conqueror's funeral pyre, which incinerates his body but leaves his Valyrian steel blade, Blackfyre, unharmed. When Rhaenyra arrives, he promptly feeds her to his dragon, Sunfyre.

Persons: —, Rhaenyra Targaryen, Harrenhal, Prince Daemon, Ser Criston Cole, Rhaenyra, Princess Rhaenys, Criston Cole, Aemond, Tom Glynn, Carney, Ollie Upton, it's, Meleys, Sunfyre, Vhagar, Ser Criston, groaning, They're, Martin, Prince Regent, Larys Strong, Baela, Alicent, Corlys Velaryon, King, Lady Cassandra Baratheon, Helaena, Maelor, Jaehaera Organizations: Service, Aegon, Business, HBO Aegon, Sunfyre, HBO, Max Locations: Rook's, Westeros

☆ Amazon announces new $79 Echo Spot alarm clock
▼ + stars: | 2024-07-08 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon on Monday announced a new $79 Echo Spot alarm clock with a revamped design and improved audio quality. It marks the first upgrade to the device since Amazon introduced the Echo Spot in 2017. Amazon said members of its $139-per-year Prime program can purchase the new Echo Spot for $44.99 through July 17, when it is running its Prime Day megasale. Amazon is updating the Echo Spot as it is expected to overhaul Alexa, the voice assistant that powers its smart speakers, CNBC previously reported. The company typically makes a slew of announcements around its Echo and Alexa lines at its fall event, usually held in September.

Organizations: Amazon, CNBC

☆ 'House of the Dragon' star Eve Best breaks down Rhaenys' sacrifice and unleashing dragon warfare on Westeros
▼ + stars: | 2024-07-08 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

At least, according to Eve Best, the actor who's played Rhaenys for a season and a half on "House of the Dragon." Best as Princess Rhaenys in season two, episode four of "House of the Dragon." Advertisement"She deliberately, at the end of episode nine, chose not to start a nuclear war, very rightly," Best told BI. "Then it becomes an instruction, and it's then the final piece of guidance to Rhaenyra," Best told BI. "It has to be a sacrifice, because I feel that for Rhaenys, she's done everything to not have this war," Best told BI.

Persons: —, Rhaenys Targaryen, Eve Best, who's, King, Ser Criston Cole, It's, Rhaenyra, Cole, it's Rhaenys, Grace, Rhaenys, Ollie Upton, HBO Rhaenys, King Aegon's, Daemon, Ryan Condal, Alicent, Lancelot, Ryan, She'd, she'd, Steve Toussaint, wasn't, Sarah Hess, it's, Meleys, Alan Taylor, doesn't, Ewan Mitchell, Aemond, Theo Whitman, Sunfyre, dracarys Organizations: Service, King Aegon, Business, HBO, Aegon Locations: Dragonstone, Westeros, dragonback, Meleys, what's

☆ Who is Michael Rubin, and why is he friends with so many famous people?
▼ + stars: | 2024-07-05 | by ( Palmer Haasch | Amanda Krause | ) www.businessinsider.com time to read: 1 min

Rubin is the CEO of Fanatics, a sports merchandise retailer, and is reportedly worth billions. Mike Coppola/Getty Images for FanaticsAccording to a profile of Rubin by Business Insider's John Lynch, the entrepreneur got his start as a teenager running a ski equipment business in Philadelphia. Rubin later sold that company, later known as GSI Commerce, to eBay in 2011 for $2.4 billion. According to the company's website, Fanatics provides officially licensed sports merchandise and other services, such as digital asset collection and betting. Forbes estimates that as of July 2024, Rubin's net worth is about $11.5 billion.

Persons: Rubin, Mike Coppola, Business Insider's John Lynch, — Organizations: Business, Global, Incorporated, GSI Commerce, eBay, Forbes Locations: Philadelphia

☆ We're paying for private school for our son, but we won't pay for college
▼ + stars: | 2024-07-03 | by ( Laura Niebauer Palmer | ) www.businessinsider.com time to read: +4 min

As we entered the kindergarten room on a tour of our local public school, the entire class was wearing headphones and engrossed in their tablets. Related storiesI knew that moving him into our local public school setting would be at odds with who he is naturally and would be like trying to fit a square peg in a round hole. Unfortunately, the local public school system prioritizes teaching to the standardized state test, continuously makes cutbacks to the arts and music programs, and has burgeoning class sizes with too few teachers. AdvertisementInvesting in his education during these crucial formative years makes more sense for our family than paying college tuition, which he may or may not even attend. While we will not pay for his college education, we have set up a custodial account for him, which he will have complete control of upon turning 18.

Organizations: Service, Montessori

☆ 'House of the Dragon' star Ewan Mitchell isn't sure if Aemond has 'mommy issues'
▼ + stars: | 2024-07-02 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +1 min

Does Aemond Targaryen have mommy issues? Ewan Mitchell says that Aemond found a "surrogate" in his very old, powerful dragon Vhagar. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "House of the Dragon" star Ewan Mitchell thinks that Aemond Targaryen probably just needs a little more affection from his mother. This story is available exclusively to Business Insider subscribers.

Persons: Aemond, Ewan Mitchell, Mitchell, —, Targaryen, Alicent Hightower, Viserys Organizations: Service, Aegon, Business

☆ 'House of the Dragon' just introduced a big-mouthed new character — but he's probably going to be important later on
▼ + stars: | 2024-07-01 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

Read previewWarning: Spoilers ahead for "House of the Dragon" season two, episode three, and the book "Fire and Blood." We're probably going to be seeing a lot more of Ulf in "House of the Dragon," depending on how closely it follows "Fire and Blood," George R.R. Ulf fought alongside other dragon riders like Hugh Hammer in the Battle of the Gullet, a pivotal sea battle during the war. According to Mushroom's historical account in "Fire and Blood," Ulf descended into hedonism, raping multiple women in Tumbleton each night and constantly drinking. But the fight came to Tumbleton when Addam Velaryon (previously Addam of Hull), another dragon rider, attacked the city on his dragon Seasmoke.

Persons: —, Ulf, there's, We're, George R.R, Baelon, King Jaehaerys, Dorne, coy, Jaehaerys, Daemon Targaryen, King Viserys, Rhaenyra, Jacaerys Velaryon, Jacaerys, Silverwing, Alysanne, Ulf White, Hugh Hammer, Hugh, Lord Stokeworth, Ormund Hightower, Prince Daeron, Bitterbridge, House Tyrell, Addam Velaryon, Daeron, Hobert Hightower, Ulf — Organizations: Service, Business, Aegon, King's Locations: Westeros, Tumbleton, Hull

☆ England 2 Slovakia 1 – Southgate’s side scrape through, Bellingham to the rescue, tactical questions remain
▼ + stars: | 2024-06-30 | by ( Jacob Whitehead | Oliver Kay | ) www.nytimes.com time to read: +11 min

England edged past Slovakia to reach the Euro 2024 quarter-finals, but only after staring a humiliating defeat in the face. England did get the ball in the net early in the second half, but Phil Foden’s effort was ruled offside. That gave Southgate’s team a lead that they defended successfully for the remainder of extra time to retain their place in the tournament… just. AdvertisementAcross their four matches at this tournament, England showed consistent failings that have not been addressed. Peter RutzlerWas the first half England’s worst of the tournament (so far)?

Persons: Gareth Southgate’s, Ivan Schranz, Jordan Pickford, Phil Foden’s, Declan Rice, Jude Bellingham, —, Harry Kane, Jacob Whitehead, Oliver Kay, Mark Carey, Peter Rutzler, Gareth Southgate, Kyle Walker, Marc Guehi flicked, Cole Palmer, Eberechi Eze, Ivan Toney, Southgate, Carl Recine, Oliver Kay Breaking, Jude Bellingham’s, Marc Guehi, Martin Dubravka, Bellingham, Gareth Southgate England, Kieran Trippier, Trent Alexander, Arnold, Conor Gallagher, Kobbie Mainoo, Ian MacNicol, England —, Toney, Harry Kane’s, underperformance —, Kobbie, Shaun Botterill, John Stones, Ivan Schranz’s, England …, Mainoo Organizations: Slovakia, England, Switzerland, Adidas, Championship, Argentina Locations: Slovakia, England, Ruhr, ignominy, —, Dusseldorf, Bellingham, Martin, Southgate’s, Iceland, Switzerland, Gelsenkirchen

☆ Amazon beefs up AI development, hiring execs from startup Adept and licensing its technology
▼ + stars: | 2024-06-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

The front desk of the Amazon office is pictured in New York, May 1, 2019. Amazon is ramping up its development of artificial intelligence technology, hiring top talent from AI agent startup Adept and licensing the company's technology. Luan will oversee Amazon's "AGI Autonomy" division, and report to Prasad, he wrote in the memo, which CNBC obtained. Amazon's cloud unit has launched a range of AI services, including its own models, which are generally viewed as lagging behind the top competitors. Last month, Amazon announced Adam Selipsky, the head of Amazon Web Services, would be stepping down and succeeded by Matt Garman, the head of sales at marketing at AWS.

Persons: Rohit Prasad, David Luan, Luan, Prasad, Geekwire, Anthropic, Adam Selipsky, Matt Garman Organizations: CNBC, Amazon, Microsoft, Google, Alexa, Amazon Web Services, AWS Locations: New York

☆ June Squibb on Her Best Movie, TV Roles: 'Thelma,' 'Nebraska,' 'Glee,' & More
▼ + stars: | 2024-06-28 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +10 min

Another two decades after that, Squibb became one of the oldest people ever nominated for an Oscar for her performance in the 2013 Alexander Payne film "Nebraska" at 84. "I mean, I knew she was the leading role," Squibb told Business Insider. Squibb and Bruce Dern as Kate and Woody in Alexander Payne's "Nebraska." AdvertisementOn becoming besties with Chris Colfer through 'Glee' and working with Adam SandlerChris Colfer and June Squibb duet "Memory" from "Cats" on "Glee." I don't think I've ever had my heart set on something in film that I didn't get, or that I wasn't handed.

Persons: Squibb, Thelma, Oscar, Alexander Payne, doesn't, Fred Hechinger, Josh Margolin —, Thelma Post —, Payne, Bruce Dern, Woody, Alexander, Alexander Payne's, that's, Schmidt, Jack Nicholson, Jack, didn't, Kate, I've, they've, Chris Colfer, Adam Sandler Chris Colfer, Fox, Chris, He's, Adam Sandler, It's, Will Forte, You've Organizations: Broadway, Business, Squibb, Pictures, Paramount, Nebraska Locations: Nebraska, Los Angeles, Alexander Payne's " Nebraska, LA, Omaha

☆ CNBC Daily Open: Micron slides, Amazon's $2 trillion
▼ + stars: | 2024-06-27 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Micron slidesShares of Micron fell almost 8% in extended trading on Wednesday as its revenue forecast failed to top analysts' expectations. The stock rose 3.9% on Wednesday.

Persons: Sanjay Mehrotra, Annie Palmer, Elliott Management, Shunichi Suzuki, Australia's, Arjun Jayaraman Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Nvidia, Micron, Apple, Microsoft, Southwest Airlines, Delta, U.S ., Finance, CSI Locations: New York City, Shein, Asia, Pacific, India

☆ CNBC Daily Open: Amazon enters $2 trillion club
▼ + stars: | 2024-06-27 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury rose as investors parse comments from Fed officials and await key inflation data due Friday. $2,000,000,000,000Amazon's market capitalization surpassed $2 trillion for the first time on Wednesday, joining the ranks of tech giants like Apple and Microsoft. YouTube dominanceAlphabet's YouTube, the pioneer of user-generated content, continues to dominate media consumption, now accounting for nearly 10% of all TV viewership in the U.S.

Persons: Annie Palmer, Elliott Management, Sanjay Mehrotra, Rich Greenfield, Piper Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Apple, Microsoft, Southwest Airlines, Delta, Micron, YouTube, Nielsen, Netflix, Media, Disney, Warner Bros Locations: Shein, U.S

☆ Amazon plans to launch discount store in bid to fend off Temu and Shein
▼ + stars: | 2024-06-26 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to ship directly to U.S. consumers, CNBC has learned. Amazon's storefront will feature a range of unbranded items, many priced under $20, according to a presentation to Amazon sellers viewed by CNBC. In the past, Amazon sellers in China have relied on the company's fulfillment services, called Fulfillment by Amazon, to send goods to warehouses in the U.S. before they are dispatched to customers. The company pitched the arrangement as cost savings for Amazon sellers in China, and said merchants would be able to test new items through small-batch production. It is unclear when Amazon intends to debut the storefront, but the presentation notes it will start accepting products this fall.

Persons: Maria Boschetti, Boschetti Organizations: CNBC, Amazon, The Locations: New York, U.S, China, Shenzhen

☆ Amazon reaches $2 trillion market cap for the first time
▼ + stars: | 2024-06-26 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon shares climbed more than 3% in intraday trading on Wednesday, pushing the company's market cap past $2 trillion for the first time. In crossing the milestone, Amazon joins Nvidia , Apple , Alphabet and Microsoft , all of which are worth $2 trillion or more. Investors have also cheered the company's recent cost-cutting initiatives, which fueled Amazon's earnings growth in recent quarters. It took Amazon more than four years to cross the $2 trillion milestone. Its market cap reached $1 trillion in 2020, the second time in its history after hitting the benchmark for the first time in 2018.

Persons: Andy Jassy Organizations: Nvidia, Apple, Microsoft, Nasdaq, Web Services, Amazon, Investors

☆ McDonald's has a value perception problem, says Evercore's David Palmer
▼ + stars: | 2024-06-25 | 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 EmailMcDonald's has a value perception problem, says Evercore's David PalmerDavid Palmer, Evercore ISI analyst, joins 'Squawk on the Street' to discuss McDonald's as the company rolls out a $5 value meal from today, the state of the fast food industry, and more.

Persons: Evercore's David Palmer David Palmer

☆ Amazon says Prime Day will run July 16 and 17
▼ + stars: | 2024-06-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon 's Prime Day megasale will return on July 16 and 17, the company announced Tuesday. Amazon launched Prime Day in 2015 as a way to offer discounts exclusively to members of its mainstay subscription program. The event is also a big revenue driver for other retailers, who often hold competing events during or around Prime Day. Walmart on Tuesday announced its own "Walmart Deals" event that runs July 8 through July 11. WATCH: Amazon Prime Video drives down ad prices for competitors

Persons: Amazon Organizations: Amazon, Walmart, Amazon's, Adobe Analytics Locations: New York, U.S

☆ As a gay Black man living in a conservative small town, wrestling and drag helped me find the courage to be myself
▼ + stars: | 2024-06-25 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

AdvertisementGrowing up in Murfreesboro, being this out, proud gay Black man was kind of just frowned upon. And Princey was just kind of this quiet individual who never really went around too much, and just did my own little thing. I just saw so much pageantry there, and so much charisma, and I was like, "This is kind of drag." Related storiesI thought my wrestling name was going to be "Princey," but my coaches were like, "Nah, not really." It was kind of like having a wrestling coach, but it was just my drag mom.

Persons: Princey, Priyanka, —, Brian Maxwell, Kerry Awful, Brian, Greg Endries, you've, that's Organizations: Service, Max, Business, Wrestling, Crux Wrestling, HBO Locations: Murfreesboro, Alabama

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