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New York CNN —The catastrophic wildfires in Maui have destroyed homes, churches, businesses and key cultural sites on Hawaii’s second-largest island. Maui authorities have asked tourists to leave the island and strongly discouraged nonessential travel to Maui. That means $4 of every $5 the island generates comes directly or indirectly from tourism, according to the Maui Economic Development Board. In 2019, 3.1 million people visited Maui. But that figure plunged to 793,000 during the height of the pandemic in 2020, according to the Maui Economic Development Board.
Organizations: New, New York CNN, Hawaii Tourism, Maui Economic Development Board, Tourism, Hawaii . Local, Maui Economic Development, Hawaii Tourism Authority Locations: New York, Maui, United States, Japan, Canada, Oahu, Hawaii, Hawaii Tourism Authority, Hawaii ., Tourism, Lahaina
Its share price, which was below $1 since early this year, dropped to $0.05 in premarket trading. Lyft — Shares lost almost 6% premarket after the ride-hailing company announced its second-quarter earnings. Meanwhile, adjusted per share earnings came in at 16 cents, beating estimates of a loss of 1 cent per share. Bumble — Dating platform Bumble slid 2.8% even after the company beat expectations for its second quarter on both lines. Analysts surveyed by Refinitiv were expecting a loss of 9 cents per share on $219 million of revenue.
Persons: WeWork, , Lyft, Bumble, DraftKings, Marqeta, Refinitiv, — CNBC's Hakyung Kim, Yun Li, Alex Harring, Jesse Pound Organizations: SEC, Penn Entertainment, Disney's ESPN, Penn, ESPN Bet, ESPN, Revenue, JPMorgan, Disney, Technologies Locations: StreetAccount
Rivian Automotive — Rivian Automotive dipped about 2.5% in extended trading. Super Micro Computer — Super Micro Computer tumbled 12% in extended trading even after reporting an earnings beat. Axon reported second-quarter adjusted earnings of $1.11 per share, exceeding the 62 cents per share consensus estimate from FactSet. Take-Two Interactive Software — Take-Two Interactive Software popped 3.4% in extended trading after reaffirming full-year bookings guidance. Meanwhile, adjusted per share earnings came in at 16 cents, beating the expectation of a loss of 1 cent per share.
Persons: Refinitiv, Twilio, , Lyft Organizations: of, Enterprise, Penn Entertainment, ESPN, ESPN Bet, Refinitiv Locations: Meatpacking, of Manhattan , New York City
How Cooking Videos Took Over the World
  + stars: | 2023-08-07 | by ( Priya Krishna | Umi Syam | ) www.nytimes.com   time to read: +9 min
Cooking videos have never been more persuasive, more inescapable, more addictive, more entertaining. How Cooking Videos Took Over The WorldVideos on TikTok with the #foodtok hashtag have been viewed more than 64 billion times. But cooking videos are not only an unavoidable part of being online — they’ve also infiltrated physical spaces. That is what makes these videos so engaging.”Today, there isn’t just one way to make a successful cooking video. But the evolution of cooking videos represents a broader shift: Algorithms and artificial intelligence increasingly drive everyday behaviors and can stifle creativity.
Persons: they’ve, Julia Child, Joyce Chen, , Ashley Rose Young, , John Gara, … TikTok, Covid, Sunny Xun Liu, , Bennett, Hetal Vasavada, soothingly, Althea Brown, Frankenfood, Gara, Bacon, Ahmad Alzahabi, Liu, Vasavada, that’s, they’re Organizations: Department of Motor Vehicles, Smithsonian Institution, Food Network, “ East, YouTube, Facebook, Stanford Social Media, Locations: New York City, United States, TikTok, Denver
PAUL BUNYAN: The Invention of an American Legend, by Noah Van SciverBefore there was fake news, there were tall tales. Often associated with the history of westward expansion, most of these tales carried expiration dates, their relevance fading in a dramatically changed world. But others turned out to have staying power as implausible as the mythic characters they celebrate. “Paul Bunyan: The Invention of an American Legend,” by the cartoonist Noah Van Sciver, puts the spotlight on Laughead, who also wrote and illustrated the pamphlet. Soon we will meet a cluster of well-dressed passengers who are in the market for entertainment — an ideal test audience for Laughead’s tall tale.
Persons: PAUL BUNYAN, Noah Van Sciver, “ Paul Bunyan, Van Organizations: Timber Company Locations: Minnesota
SolarEdge missed revenue expectations in its second quarter, posting $991 million compared to the expected $992 million from analysts polled by Refinitiv. Advanced Micro Devices — The chip stock jumped nearly 4% after Advanced Micro Devices reported better-than-expected quarterly results. Analysts polled by Refinitiv expected per-share earnings of 57 cents on revenue of $5.31 billion. The coffee chain reported fiscal third-quarter revenue of $9.17 billion, lower than the $9.29 billion estimated by analysts polled by Refinitiv. Devon Energy posted revenues of $3.45 billion, lower than the estimated $3.74 billion from analysts polled by Refinitiv.
Persons: SolarEdge, Refinitiv, — Pinterest, , Samantha Subin Organizations: Technologies, Refinitiv, Devices, AMD, Starbucks, Virgin Galactic, Group, Devon Energy, Devon, Frontier Group Holdings, Electronic Arts, Caesars Entertainment
Media and entertainment deal-making has slowed, but private equity players are still betting big on the space. Middle Eastern sources are still providing funding to media, which could fuel deals in the months ahead. Media deal volume has actually increased, just not as fast; PwC recorded media deals rose 3% (to 326) in the six months through May, down from a 7% increase in the previous six months. And beyond private equity, legacy players could shed properties they consider non-core: Paramount is trying to offload BET while Warner Bros. Insider's list of top private equity players in media and entertainment highlights 17 firms, from heavy hitters to smaller upstarts, based on our reporting and conversations with investors and insiders.
Persons: PwC, Hollywood —, Ryan, Morgan Stanley, Sherrese Clarke Soares Organizations: Media, Hollywood, RedBird Capital Partners, NFL, Company, Qatar Investment Authority, Yahoo, ESPN, Paramount, BET, Warner Bros, Discovery, Equity Partners Locations: Providence, BlackRock
P&G Studios head Kimberly Doebereiner argues that great entertainment can come from brands. Procter & Gamble is at the forefront of the growing brand film space — with its own in-house shingle, P&G Studios, actively pursuing entertainment projects that look nothing like ads. "The first thing I'd love is for the distributors to see that great content can come from anybody, and even if it's from a brand, that doesn't mean it's brand content," she told Insider in an interview. "We have great marketing, we have great brands, we can help bring in viewers, right? "We'd love to have our content be able to show up in the retailer with our brands and create better awareness for that content," Doebereiner said.
Persons: Kimberly Doebereiner, Doebereiner, Gamble, Ron Howard, Brian Grazer's, Michael Sugar's Sugar23, Reese Witherspoon's, Barbie, we've, Brand, Queen Latifah Organizations: G Studios, Procter, Gamble, HBO, Hulu, Brands, Hollywood, Advertising, Tide, Gillette, Tribeca Studios, Walmart, Blue Fox Entertainment Locations: Hollywood
AMC Entertainment shares jumped as much as 13%, following a report that Amazon was looking to buy the theater chain. AMC Entertainment — Shares popped 37% after a judge on Friday denied a proposed settlement related to AMC Entertainment's plan to convert preferred shares into common stock. Domino's Pizza — The stock lost nearly 4% in premarket trading after Domino's reported mixed quarterly results. The company reported earnings of $3.08 a share on $1.02 billion in revenue. UPS — Shares lost more than 1% before the bell as roughly 340,000 employees prepare to go on strike nationwide.
Persons: Domino's, Refinitiv, Barbie, Tesla, Piper Sandler, MoffettNathanson, Eimear Bonner, , Alex Harring, Hakyung Kim Organizations: AMC Theatre, AMC Entertainment, AMC, Mattel, Warner Bros, UBS, American Express, UPS —, Chevron —, Chevron Locations: New York City
Knight-Swift Transportation — The freight transportation company's shares gained more than 1%. Knight-Swift reported adjusted earnings of 49 cents per share on revenue of $1.55 billion. Intuitive Surgical reported adjusted earnings of $1.42 per share on revenue of $1.76 billion. The fast-food chain reported mixed quarterly results, including adjusted earnings of $3.08 per share, beating analysts' predictions for $3.05 per share. Spotify — The music streaming company's shares dropped 5.5% after Spotify announced price increases for its premium subscription plans.
Persons: Oppenheimer, Riley, Eric Wold, Barbie, Mike Wirth, Chevron, Swift, Domino's, Becton Dickinson, Raymond James, Gilead, Estée Lauder, Piper Sandler, — CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: AMC, Mattel, Warner Bros, Chevron, Swift Transportation, U.S . Food, Drug Administration, Sirius XM, Deutsche Bank, Nasdaq, Spotify, Gilead Sciences Locations: New York, U.S, Gilead, China
Treasure — the latest boyband out of YG Entertainment — may be quite new to the K-pop scene, but its members already have big dreams. I want each and every member of the group to be an artist of their own," said co-leader Choi Hyun Suk, sharing his vision with The CNBC Conversation. His dream has always been to perform at the U.S. Superbowl halftime show, said the 24-year-old artist, the oldest member of the band. Treasure made its debut in 2020 while Covid-19 was spreading wildly around the world. It started out as a 12-member band but two of them left in November last year, leaving the boy band with just 10 members.
Persons: Choi Hyun Suk, — Choi, Park Jihoon, Yoshinori Kanemoto, Yoshi — Organizations: YG Entertainment, CNBC Locations: Covid
It's not just Barbie — lots of big brands are getting serious about making Hollywood-style entertainment. Insider identified 13 new and established players making the biggest moves in the space. "Barbie" may be the movie of the summer, but lots of other big brands are getting serious about making Hollywood-style entertainment. Neutrogena: Neutrogena Studios launched in 2021 and is J&J Consumer's first brand-funded content studio to make feature documentaries and scripted shorts. PepsiCo: PepsiCo's Content Studio is led by veteran PepsiCo marketer Lou Arbetter.
Persons: It's, Ron Howard, Brian Grazer's, Oscar, Michael Sugar, Brian Newman, REI, Michael Sugar's, Jae Goodman, Lauren Denowitz, Coke, Brian Grazer, Ron Howard's, Selman Careaga, John Deere, Mara Downing, Al Roker, Jill Wilfert, Ryan Gosling, Margot Robbie, Barbie, Ken, Jaap Buitendijk, Robbie Brenner, J.J, Abrams, Lena Dunham, Barney, Daniel Kaluuya, J, Sebastian Garcia, Laurie Hernandez, Matt Damon, Ben Affleck's, Entertainment —, Justin Biskin —, Howard, Lou Arbetter, Max, Robert Rodriguez, Nadia Hallgre, Stanley Nelson, Arbetter, Procter, Kimberly Doebereiner, Paolo Mattola, Kyra Sedgwick, Watiti, Saint Laurent, Anthony Vaccarello, Saint, Pedro Almodóvar, Ethan Hawke, Pedro Pascal, it's, Paolo Sorrentino, David Cronenberg, Kelly Mullen, Bryce Dallas Howard, Lena Waithe, WePresent, Holly Fraser, Moses Sumney, Solange Knowles, Riz Ahmed, Aneil, Fraser Organizations: Hollywood, Procter, Gamble, Companies, Brands, Unilever, InBev, Waffle Iron Entertainment, draftLine Entertainment, Netflix, Coca Cola, Entertainment, Global, Deere, Warner Bros, Warner Brothers, Universal Studios, Mattel, Neutrogena Studios, Studio, Kerry, Seattle Film, Ghetto Film, HBO Nike, Nike, Waffle, Apple, HBO, PepsiCo, Pepsi Super, Showtime, Pepsi, G Studios, Imagine, Amazon's, Hulu, Paramount, Blue Fox Entertainment, Saint Laurent Productions, Unilever Entertainment, Imagine Entertainment, Monotype Locations: Hollywood, Kerry Washington, American, Cannes, Britain
Nobody is quite sure where the term “kayfabe” originated. It may be a bastardized form of pig Latin, something to do with the actual word “fake.” It may have its roots in the culture of wandering 19th-century carnivals, the world inhabited by P.T. Barnum and the confidence men and the salesmen who sold actual snake oil. Its modern usage, though, is sufficiently specific that only a relatively small proportion of people would even have a sense of what it means. For decades, wrestlers were expected to keep kayfabe even when they were off the clock.
Persons: , . Barnum, Abraham Josephine Riesman delineates, Vince McMahon —, Donald Trump Organizations: World, Entertainment Locations:
Disney extended CEO Bob Iger's contract for 2 years, through the end of 2026. Company watchers won't be shocked by the move, since Iger extended his previous tenure in the role many times. Insiders said he wants to protect his legacy and stabilize the business, especially after the exit of its CFO. Disney just extended Bob Iger's contract for two more years, through 2026, the company announced today. Iger pledged at the time to prioritize finding a successor, but he has extended his contract before — four times during his first 15-year tenure.
Persons: Bob Iger's, Iger, Bob Chapek, Dave Heger, Edward Jones, Heger, Christian Knaebel, Christine McCarthy, Disney, — here's, Chapek, Jay Rasulo, Kevin Mayer, Tom Staggs, Dana Walden, Alan Bergman, Iger's reorg, Dana, who's, Bergman, Walden, Meta execs Sheryl Sandberg, Carolyn Everson, Josh D'Amaro, Jimmy Pitaro, Adam Silver, Silver, Andrew Wilson Organizations: Disney, Hollywood, Writers Guild of America, SAG, Longtime, Disney Entertainment, Pixar, ESPN, National Basketball Association, EA Locations: Iger
Fanatics will launch a new live events business that will look to recreate the Comic-Con experience for sports collectibles, the company said Thursday. The new venture, called Fanatics Events, will be a partnership with events and talent management giant IMG, which is part of Endeavor . Fanatics Events plans to organize global events through partnerships and acquisitions. Fanatics said Fanatics Events aims to start holding events next year. "Fanatics Events will be super-charged by the full power of Endeavor's flywheel, global network, and events expertise to deliver once-in-a-lifetime moments that fans will remember forever," said Paul Caine, president of On Location and IMG Events.
Persons: Goldman Sachs, DraftKings, Lance Fensterman, Fensterman, Paul Caine, , Jessica Golden Organizations: Endeavor, Barclays, York Comic Con Locations: U.S
Live Nation Entertainment announced new "transparent" pricing where it will display fees at the beginning of the transaction. While this has been on Biden's agenda for months, he hasn't addressed the grip Live Nation Entertainment has on the entertainment industry. Republican state Sen. Scott Wilk introduced a bill in early 2023 to ban exclusivity contracts in the ticketing industry. Ultimately, she said, it's up to the Department of Justice to investigate and potentially take action on Live Nation Entertainment. According to the New York Times, the DOJ opened an antitrust investigation into Live Nation Entertainment in late 2022.
Persons: hasn't, , Biden, Krista Brown, Sen, Scott Wilk, Wilk, Brown Organizations: Nation Entertainment, Service, Ticketmaster, American Economic Liberties, Nation, Congress, Entertainment, California's State Senate, Department of Justice, New York Times, DOJ, Live Nation Entertainment Locations: United States, California's
President Joe Biden will meet Thursday with companies like Live Nation to discuss "junk fees." Before meeting, Live Nation, Ticketmaster, and SeatGeek agreed to show all additional fees up front. Live Nation Entertainment — made up of Live Nation and Ticketmaster — is doing away with unexpected "junk fees" amid pressure from frustrated concertgoers and President Joe Biden. Prior to the meeting, both Live Nation and SeatGeek agreed to show any additional fees up front during ticket purchases. "It is also just a first step towards addressing junk fees in the economy."
Persons: Joe Biden, SeatGeek, , concertgoers, Biden, Taylor Swift, Drake, Robert Smith Organizations: Ticketmaster, Morning, Nation, Live, White, Department of Justice, Nation Entertainment
Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.
Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, , WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi
Alex Akmal and her partner, Alex, along Memorial Union Terrace on Lake Mendota. In the case of Gen Z, one move often begets another, according to one demographer. Gen Z bonds have been cemented even more because many young people are delaying marriage and having children, the center found. After her studies, she said she might move to Washington, D.C., an even larger Gen Z hangout with those offerings and more. Cities must evolve for the futureFor whatever reason they are coming to these cities, these Gen Zers are here to stay.
The complaint was sent to the US judges' Committee on Financial Disclosure. For now, questions about Thomas's previously undisclosed financial dealings with Harlan Crow, a billionaire Texas real-estate developer, will fall to an obscure committee of sixteen federal judges — the Committee on Financial Disclosure. Koszczuk said the same letterhead was routinely sent to any member of the public who asked for a judge's financial disclosure report. When Ranjan wrote his article, a review of a Thomas biography, the controversies surrounding Thomas had nothing to do with his financial disclosures. Judges' financial disclosures are only updated annually, and until recently, it wasn't easy to get ahold of them.
Berkshire Hathaway — The conglomerate's A shares rose more than 1% as investors cheered a strong earnings report from Warren Buffett's company. Tyson Foods — Shares plummeted 15% after the food production company posted an unexpected loss for the recent quarter and cut its revenue outlook for the year. PacWest - The regional bank stock held on to a gain of about 3% on Monday. Six Flags posted a narrower-than-expected loss of 84 cents per share, compared to expectations of a per-share loss of 89 cents, according to FactSet. Six Flags posted revenue of $142.2 million, greater than the expectation of $132.6 million, with CEO Selim Bassoul calling the results "proof points" that its new strategy is working.
Ford Motor — Ford topped analysts' expectations on the top and bottom lines, according to Refinitiv. However, the firm reiterated its prior full-year guidance of adjusted earnings between $9 billion and $11 billion, as well as about $6 billion in adjusted free cash flow. Clorox — Clorox gained 1% after topping analysts' expectations on the top and bottom lines. Caesars Entertainment — Caesars Entertainment slid about 0.2% after missing analysts' first-quarter earnings expectations. Otherwise, it reported revenue of $2.83 billion, beating the $2.76 billion forecast.
The day after President Biden released a video announcing he would be running for a second term, he and the first lady, Jill Biden, stood in black tie and evening gown on the red carpet outside the north entrance to the White House to welcome President Yoon Suk Yeol of South Korea and his wife, Kim Keon-hee, to the second state dinner of the Biden administration. If the dinner itself largely takes place behind closed doors, one photo always goes wide: the greeting portrait, the two couples, side by side, dressed in pomp and circumstance and symbolism. It tells an implicit story of soft power and priorities. The chairs were bamboo, with cushion designs evoking traditional Korean brush painting! — the one subject they did not officially communicate on was what the first lady was wearing?
Gen Z is moving in droves to college towns after they get their degree. Alex Akmal and her partner, Alex, along Memorial Union Terrace on Lake Mendota. Gen Z bonds have been cemented even more because many young people are delaying marriage and having children, the center found. After her studies, she said she might move to Washington, D.C., an even larger Gen Z hangout with those offerings and more. For whatever reason they are coming to these cities, these Gen Zers are here to stay.
Baseball Has Changed
  + stars: | 2023-04-23 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
America’s oldest professional sport looks different this year. For the first time in M.L.B.’s 148-year history, clocks in stadiums now count down between every pitch, forcing pitchers and batters into action. The changes — including the pitch clock and others meant to increase action — have led to much faster games with more hits, more stolen bases and less down time. Whether the changes will increase interest in baseball is another question. Today’s newsletter will explore how different this new version of baseball really is, with some charts from my colleague Ashley Wu.
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