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United Airlines introduced basic economy in 2017 to compete with budget carriers. I booked the discounted fare from New York to Denver to experience the airline's most basic option. I loved the domestic cabin, but United's no carry-on rule is more restrictive than competitors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUnited Airlines introduced a "basic economy" ticket in 2017 to compete with budget carriers like Frontier and Spirit Airlines.
Persons: Organizations: Airlines, Service, United Airlines, Spirit Airlines, Business Locations: New York, Denver
Read previewCreator-commerce company LTK thinks platforms like YouTube and TikTok are at a major disadvantage as they push into affiliate marketing. These platforms are betting big on social shopping and have introduced a suite of in-app shopping tools and features for creators and customers. Now, the platform offers a variety of shopping tools, including an affiliate-marketing program that pays creators commissions for the sales they drive through clickable affiliate links. Still, Yazdian said creators want to have all their shopping links in one place. LTK also offers several tools tied to specific platforms to help creators move their followers to their LTK storefronts.
Persons: , Allison Yazdian, LTK, Yazdian, It's, Instagram Organizations: Service, Business, US, YouTube, Target, Walmart Locations: Dallas, SoftBank
Hugo Swart, formerly Qualcomm's head of XR, joined Google's AR group in April to lead ecosystem strategy and partner relationships. Related storiesMark Lucovsky, a senior director on Google's AR software, left last July, citing "changes in AR leadership and Google's unstable commitment and vision" to the product. "Doing anything first-party is a challenge relationship-wise," said a former Google AR team member. There is internal speculation that Samsung will be the first to also build glasses with Google's AR software, according to two employees familiar with the matter. Without a device of its own and with its AR software still in development, Google now finds itself on the back foot.
Persons: , Google, it's, Sergey Brin, Rick Osterloh, Ramin Talaie, Shahram Izadi, HoloLens, Hugo Swart, Swart, reshuffles, Jeffrey Margolis, Mark Lucovsky, Paul Greco, Barry, Betty, Harriet Google, Harriet, Said Bakadir, Iris, Apple, Kim Kulish, Meta, Anshel Sag Organizations: Service, Astra, Business, Google, Samsung, Tech, Getty, Android, Google's, Microsoft, Meta, XR, Qualcomm, Samsung Unpacked, Samsung Google, Vision, Lenovo, Moor Locations: hughlangley
PepsiCo earnings beat estimates, but U.S. demand weakens
  + stars: | 2024-07-11 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
PepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks and snacks. Pepsi now expects organic revenue growth of approximately 4%, a more cautious outlook than its previous forecast of at least 4%. The company reiterated its guidance for core constant currency earnings growth of at least 8%. Frito-Lay North America's volume declined 4%, while Pepsi's North American beverage unit saw volume shrink 3%. Executives said volume for Pepsi's North American drinks has improved sequentially, signaling that its attempts to lure back shoppers have begun working.
Organizations: Pepsi, PepsiCo, LSEG, Pepsi's, Frito, Quaker Foods Locations: Las Vegas, United States, North America, Quaker Foods North America
Chinese e-commerce giants try to lure in customers with attractive salesHistorically, e-commerce has accounted for a hefty chunk of China's retail spending. AdvertisementIn 2023, online retail sales nationwide reached $2.12 trillion, accounting for 27.6% of the total retail sales of consumer goods in the country, according to the National Bureau of Statistics. China's youth unemployment rate stood at 14.9% as of December, according to China's National Bureau of Statistics. And the average per capita income in China in the first quarter of 2024 was $905, according to the National Bureau of Statistics. Figures from the National Bureau of Statistics showed that new home prices in 70 major Chinese cities were down 0.7% from April.
Persons: , they've, Alibaba, JD.com, Allison Malmsten, Yaling Jiang, they're, Jiang, Evergrande Organizations: Service, Business, CNBC, National Bureau of Statistics, Apple, Daxue Consulting, National Bureau, Statistics Locations: China
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
A veteran analyst says AI is unproven, and stocks such as Nvidia are in a bubble and could wither. Ferguson sees shades of the dot-com bubble, warning Nvidia might lose its edge like Intel and Cisco did. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementArtificial intelligence is still just a pricey experiment, AI stocks are in a dangerous bubble, and Nvidia might wither like dot-com darlings Intel and Cisco, according to a markets guru. Ferguson recommended investors diversify their portfolios away from large-cap US growth stocks to limit their exposure if the tech bubble bursts.
Persons: MacroStrategy's James Ferguson, Ferguson, , James Ferguson, Merryn, I'm, It's Organizations: Nvidia, Intel, Cisco, Service, MacroStrategy, Tech
Walmart is offering half off the price of a Walmart+ membership until July 18. That timing gets ahead of Amazon's Prime Day, which happens on July 16 and 17. AdvertisementWalmart's members-only sales event is in the rearview, and Amazon's Prime Day isn't for another week, but that doesn't mean the war between the two biggest retailers is on pause. Until July 18, Walmart is offering Walmart+ memberships for $49 a year, or half off the usual $98 fee. If that date catches your eye, it's because the timing gets ahead of Amazon's Prime Day, which happens on July 16 and 17.
Persons: , isn't Organizations: Walmart, Amazon's, Service, Business
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Summer is a money pit for parents
  + stars: | 2024-07-06 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com   time to read: +10 min
The 34-year-old mom of four said most of these summer camps were already paid up front earlier this year. AdvertisementMeanwhile, 23% of parents, among those who reported they'd be paying for summer programs, expected to pay over $1,000 a month per child during the summer. Broadly, 61% of parents with kids under 18 years old said it "feels even more expensive to raise kids in the summer months." Bowling, who lives in LA, sends her children to a Jewish summer camp, which has long been held as an important cultural touchstone in the American Jewish community. "At the Y, we really want to make sure summer camp is accessible for all."
Persons: Paige Connell, Connell, Courtney Alev, Tom Rosenberg, Rosenberg, Alex Mnatsakanov, it's, Mnatsakanov, they'd, they're, Alev, It's, Dana Bowling, Bowling, Lisa Garcia, Garcia, doesn't Organizations: Service, Business, American Camp Association, Camp, Intuit, American Jewish, YMCA Locations: LA, American, Greater New York, she's
As far as the authorities in Gelsenkirchen were concerned, every precaution had been taken. And two imposing security guards stood at the edge of the tunnel that led to the locker rooms. As Portugal’s players trudged to the dressing room after their defeat to Georgia last week, a fan circumvented the additional layers of security by hurling himself over the top of the tunnel and jumping directly into the path of Cristiano Ronaldo. Rather than coming face-to-face with his hero, though, the interloper botched his landing and fell down a set of stairs. Ronaldo’s fame, at this stage, cannot really be overstated.
Persons: trudged, Cristiano Ronaldo, Rather, Ronaldo Locations: Gelsenkirchen, Georgia
The U.S. chips industry is expected face a shortage of 67,000 technicians, computer scientists and engineers by 2030, while the broader U.S. economy is set to have a gap of 1.4 million such workers, according to a 2023 study from the Semiconductor Industry Association. A wafer sorter inside the GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. The company creates chips for everyday products from electronics and phones to autos, in addition to components for space and defense. The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. Morgan Woods, 28, started out in Malta, New York, at GlobalFoundries' fab facility as a technician in 2021.
Persons: Cindy Schultz, Lockheed Martin, Pradheepa Raman, Raman, Morgan Woods, Woods, GlobalFoundries Organizations: Semiconductor Industry Association, Deloitte, Bloomberg, Getty, General Motors, Lockheed, CNBC, Workers, GM, U.S Locations: U.S, Malta , New York, New York, Vermont
But with tens of millions of Americans traveling abroad every year, the likelihood is that you’ll encounter us wherever you are in the world. So, here are my top 10 tips on how you can avoid the “stupid American” stereotype and become a “Smart American” abroad. However, when I’m traveling abroad, I’m always careful to keep it to, what feels like, a quiet whisper. As a result, many Americans often have little to no knowledge of what’s going on around the world, thus unfairly adding to the “stupid American” stereotype. Beat them to the punch with humorMy biggest secret weapon against being called a “stupid American” is calling myself a “stupid American” first and laughing about it.
Persons: Emily, It’s, we’ve, I’ve, tingle, it’s, You’ll, , they’d, Don’t, I’m, you’re, , it’ll, Judy, pedro emanuel pereira, iStock, don’t, Linh Pham, ” “, you’ll, Adene Sanchez, Kim Davis, Kim @kimdavisreal Organizations: CNN, Uber, Local Locations: Paris, , American, Europe, Yorker, New York, Rome, America, United States, Vegas, Swedish, London, Britain, Gothenburg, Sweden
Now, in the age of AI, Jesus can assume an infinite variety of roles with just a few keystrokes. While AI images of Jesus depict the Christian savior in innumerable situations, they often focus on his physical appearance as well. All of these handsome AI Jesus images are created from patterns a machine picks up from the information it is fed. Some AI images of Jesus contain inexplicable details that are neither Biblically nor historically informed. There are other complications that lead to the persistence of handsome AI Jesus.
Persons: Jesus Christ, Shepherd, Jesus, Instagram influencers, Jesus ’, , Brenda Sanderson, ” Sanderson, Michelangelo, Joseph Geefs, Geefs ’, Guillaume, , Lucifer, Salustiano García Cruz, Saint Sebastian, Mary Magdalene, Morgan Haigh, Cristina Quicler, Christopher Framer, ” Framer, it’s Organizations: CNN, Facebook, St, Paul’s, BBC, Santa de Sevilla, Getty Locations: Liège, Belgium, Spanish, AFP, Petaluma , California
Four months ago, China’s leaders announced what seemed like a straightforward and proven plan to recharge the economy: Subsidize consumers who want to replace old cars and household appliances. Only 113,000 cars qualified for trade-in subsidies through June 25 — a blip in a country where monthly sales exceed two million cars. In 2009, the United States, Germany, France, Spain and Austria offered so-called cash for clunkers programs to revive car sales. They paid households to scrap gas guzzlers and replace them with newer cars with better fuel economy. China itself gave extensive tax cuts and subsidies for consumers to buy new cars and household appliances.
Persons: , Dai Yu Locations: Jingdezhen, Jiangxi Province, China, United States, Germany, France, Spain, Austria
Two miniature horses, Aidan and Pearl, stood on the terrace of a tiny TV studio in SoHo earlier this month on a sweltering evening, one more equine guest than the producers of “Watch What Happens Live With Andy Cohen” anticipated. They were part of a bit for taping the late-night talk show’s 15th anniversary special and, apparently, booking a horse requires also booking it an emotional support horse. Andy Cohen, the show’s host and creator, brought his two children Ben, 5, and Lucy, 2, to meet the mini horses as producers whispered questions about the surplus. He soon headed back inside to provide emotional support of a different kind for the show’s humans. Five nights a week, viewers can see Oscar-winners re-enact scenes from “Real Housewives of Salt Lake City”; so-called Bravo-lebrities dish about just-aired dirty laundry; or Cohen and Hillary Clinton drink from a shotski, a ski with shot glasses glued to it that allows multiple people to simultaneously knock one back.
Persons: Aidan, Pearl, Andy Cohen ”, Andy Cohen, Ben, Lucy, Sonja Morgan, , Cohen, Oprah Winfrey, Jennifer Lawrence, Hillary Clinton Organizations: Housewives, New, Real Locations: SoHo, Salt Lake City
"Brat," along with viral hits like Sabrina Carpenter's "Espresso" and Tinashe's "Nasty," have ushered in a season of pleasure and levity — what my friends and I have been calling a "smooth brain summer." The primary lure of pop music has always been escapism. Indeed, we've lived in a pop world dominated by Taylor Swift and refashioned in her likeness for several years. These peculiar bops form the perfect foundation for a "smooth brain summer" soundtrack — though please note that doesn't mean they're devoid of value or meaning. An appetite (and a need) still exists for complex metaphors, history lessons, and personal revelations in pop music — but now is not the time.
Persons: , Mitski, Noah Kahan, Ethel Cain, bumpin, Sabrina Carpenter's, ure, ike, ike O livia R odrigo, l, odrigo, ake, ould, ike T ikTok, ong, abel, alue Organizations: Service, Business, DJ, ust
Advertisement"We were showing people what they had never seen before," Serhant, 39, told Business Insider. "The real estate isn't what's exclusive anymore," Serhant explained. Serhant passed down wisdom to new agentsRyan Serhant and his team of agents want to become the #1 real estate firm in New York City in their new Netflix show. "The show is going to be great if it's the most vulnerable real estate show on the planet and the most authentic," he told BI. In the first episode of "Owning Manhattan," Serhant said he wants his eponymous firm, just four years old, to be the No.
Persons: , Instagram, Ryan Serhant, Serhant, it's, he's, Chloe Tucker Caine, Tricia Lee Organizations: Service, New York, Business, Netflix, Television, YouTube, Benz Locations: New York City, Greenwich, Manhattan, New, Brooklyn, York City, Miami, Greece
Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services. Seed-stage startups will still be eligible for $100,000 in credits, AWS said. But Microsoft Azure and Google Cloud are growing more quickly, and are benefiting from rapidly advancing AI models. During Selipsky's time at the helm, Microsoft and Google increased their share of the cloud infrastructure market. Participants will be able to access up to $1 million in cloud credits, according to the website.
Persons: Matt Garman, Garman, Garman's, OpenAI, Anthropic, Adam Selipsky, Grant, Amazon's, Rohit Prasad, David Luan Organizations: Amazon Web, CNBC, Microsoft, AWS, Google, Gemini Locations: Las Vegas, Silicon, Silicon Valley
The third quarter starts on Monday with corporate earnings trends largely intact, but showing early signs of trouble in tech land. The good news: for the big-cap tech companies that are truly dominating the market ( Apple , Microsoft , Alphabet , Nvidia , etc.) Still no recession, in the economy or in earnings So far, we have a deceleration in big-cap tech earnings and clear signs the consumer wants lower prices. Earnings trends for tech may still be rising (even if it is decelerating), but the rest of the market is generally flattish on earnings. Earnings: rising Positive Tech earnings: rising but decelerating Negative Job growth: strong but moderating Positive Interest rates: moderating Positive Inflation: moderating Positive Consumer: increasingly cautious Negative
Persons: Jensen, Nick Raich, it's, Raich, Lori Calvasina, We've, I've, you've, Levi Strauss, General Mills, Tim Wentworth, Taco Bell, Mills Organizations: Apple, Microsoft, Nvidia, Big, Meta, Jensen Huang's, Scout, U.S, Equity, RBC Capital Markets, CNBC, Nike, Walgreens, Micron, FedEx, General, . Companies, Southwest Airlines, Pool Corp, Urban Outfitters, Yum Brands
The latest closures are part of a larger downturn, not just for Walgreens, but for other drug store chains, too, after years of expansion. Shifting trendsDrug store chains are struggling because of falling reimbursement rates for prescription drugs, according to analysts who cover the industry. But their profits from that business have dropped in recent years because of lower reimbursement rates for prescription drugs and higher fees. Dollar General’s growth has also hurt drug store chains in rural areas. When pharmacies close, some patients have to travel farther to get the medications they need.
Persons: Walgreens, Tim Wentworth, , ” Wentworth, Elizabeth Anderson, PBMs, ” Anderson, VIllageMD Organizations: New, New York CNN, Walgreens, Wall Street, CVS, IRI, Amazon, Walmart, Costco, American Medical Association Locations: New York, United States, VillageMD
New York CNN —This is the summer of fast food value meal wars, and Taco Bell isn’t sitting back. The chain announced Thursday that it’s entering the battle with one of its biggest deals ever. “We believe that fast food should be a luxury that every one can afford everyday,” said Taylor Montgomery, Taco Bell’s chief marketing officer. He added that its deal offers “full-sized favorites” compared to some of its rivals’ deals that have smaller portions. Like its rivals, Yum has been vocal that some of its problems stem from customers spending less on fast food.
Persons: Taco Bell isn’t, Burger King, , Taylor Montgomery, Taco, , Montgomery, Yum Organizations: New, New York CNN, Taco, Taco Bell, Taco Bell’s, CNN Locations: New York
New York CNN —Walgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business. The company didn’t announce a specific number of store closures, but it said Thursday that it is planning “significant” closures of underperforming stores across America as part of a multiyear optimization program. The closures would focus on locations that aren’t profitable, too close to each other or stores struggling with theft, Wentworth told the Journal. Major drugstore chains, including CVS (CVS) and Rite Aid, have struggled in recent years because of declining profits from filling prescriptions. Wentworth told the Journal it’s losing money on filling those prescriptions.
Persons: Tim Wentworth, Wentworth, , ” Wentworth, ” Neil Saunders, GlobalData, ” Saunders, drugstores, hasn’t, – CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Walgreens, Wall Street Journal, Journal, Walgreens ’, CVS, Rite, Amazon, Target, Rite Aid Locations: New York, United States, America, drugstores, VillageMD
Bronny James, the eldest son of Lakers star LeBron James, indeed has a home in the NBA, on his father’s team. “My dream has always just been to put my name out, make a name for myself, and, of course, get to the NBA,” James said at the NBA Draft Combine in May. Bronny: Los Angeles Laker. pic.twitter.com/TvhkzEs9sO — Los Angeles Lakers (@Lakers) June 27, 2024The Lakers went 47-35 last season, falling to the Denver Nuggets in the first round of the playoffs. pic.twitter.com/BnxozT7CGj — NBA (@NBA) June 27, 2024“It’s still lingering,” he said.
Persons: Bronny James, LeBron James, James ’, ” James, Bronny, James, BnxozT7CGj, “ It’s, , , ” James ’, Bryce, Jason Merritt, stapled, LeBron, Rich Paul, @Lakers, , ’ ”, I’ve, Jeff Haynes, NBAE Organizations: Lakers, NBA, Los Angeles Lakers, Los Angeles Laker, Denver Nuggets, LeBron, USC, State, ESPN, Cleveland Cavaliers, Getty, Phoenix Suns, Klutch Sports Locations: Los, Southern California, that’s
Why Europe’s youth are flirting with the far-right
  + stars: | 2024-06-25 | by ( Christian Edwards | ) edition.cnn.com   time to read: +11 min
In this month’s European Parliament elections, far-right parties performed predictably well – but especially, and unexpectedly, among young people. Far-right parties enjoyed a similar uptick in support in the Netherlands, Spain, Portugal, Austria, and continued to do well in Italy. Gonzalo Fuentes/ReutersBut young voters appear less concerned by these roots, says Simon Schnetzer, author of a recent survey of Germany’s youth. But the burst in support for far-right parties could spell a darker trend. This success of far-right parties should be a warning to Europe’s mainstream.
Persons: CNN — Pollsters, , , , Roberto Foa, ” Foa, “ I’m, Alice Weidel, Tino Chrupalla, Annegret Hilse, You’d, Le Pen, Donald Trump, Emmanuel Macron, Jordan Bardella, Arthur Prevot, Macron’s, Prevot, Macron, Jonathan Verbeken, Gonzalo Fuentes, Simon Schnetzer, “ Young, Lee Heinrichs, ” Heinrichs, Ursula von der Leyen, Maximilian Krah, ” Nigel Farage, Maja Smiejkowska, Nigel Farage –, Farage, Andrew Tate, emasculated, Tate –, Tate, shouldn’t, vociferously, Foa Organizations: CNN, Centre, Democracy, University of Cambridge, National, Confederation, Reuters, White House, German Green Party, Greens, Reform UK Locations: United States, United Kingdom, Brussels, Europe, Germany, Poland, Netherlands, Spain, Portugal, Austria, Italy, Berlin, Britain, Jordan, Paris, France, Paris ’, Marseille, Ukraine, Syria, Sylt, Deutschland, London, Romania
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