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☆ Megabus, Coach USA Bankruptcy: Wall Street Wrecked Discount Bus Option
▼ + stars: | 2024-09-11 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Stagecoach Group, a UK-based travel company, first launched Megabus in the UK in 2003 and then brought it to the US in 2006. Along with Greyhound, Megabus became one of the two mega-carriers in the United States. The intercity bus industry is not in complete disarray, but things are not going great there. Bus industry insiders also note that they're often treated as an afterthought by policymakers even though they carry tens of millions of people each year. He emphasized that bus travel can be environmentally sustainable, too, compared to everyone driving their own cars or flying.

Persons: Megabus, Andrew Savikas, Peter Pan, John Stepovy, FlixBus, Joseph Schwieterman, Schwieterman, hadn't, Scott Michael, it's, Michael, Kai Boysan, BoltBus, Fred Ferguson, who's, Ferguson, It's, They've, They're, I'd, Wanderu, Stepovy, Emily Stewart Organizations: Coach USA, Equity, USA, Stagecoach Group, Greyhound, North America, DePaul University, Stagecoach, Fullington Trailways, US, United Motorcoach Association, FlixMobility, Flix, American Bus Association, Lake Holdings, Alden Global Capital, Atlantic City, Day, Labor, Business Locations: Los Angeles, Chinatown, Busbud, United States, Asia, Flix North America, Wanderu, Philadelphia, Dallas, Chicago, Cleveland, Boston, New York, FlixBus

☆ Taylor Swift used only Instagram to endorse Kamala Harris. There's a reason for that.
▼ + stars: | 2024-09-11 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

In 2020, when Taylor Swift endorsed Joe Biden, she used Instagram and Twitter to make her announcement. This week, when she endorsed Kamala Harris, she only used Instagram. Go to newsletter preferences Thanks for signing up! AdvertisementLet's say you're one of the most popular people in the world, and you have something important to say. If it's 2024, and you're Taylor Swift, this a no-brainer: Of course you use Instagram, which is where she endorsed Kamala Harris Tuesday night.

Persons: Taylor Swift, Joe Biden, Kamala Harris, Elon Musk, — Organizations: Twitter, Service

☆ Trump tariffs will fuel supply chain inflation and consumers will pay the price, trade experts warn
▼ + stars: | 2024-09-11 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024. Judah Levine, head of research for Freightos, says if history is any guide, additional tariffs will fuel ocean freight rates. Any increase in freight demand will fuel rates, said Peter Sand, chief shipping analyst at ocean freight rate intelligence platform Xeneta. "When ocean container shipping markets increase, that cost gets passed down the line and ultimately it is the end-consumer who pays the price," Sand added. Xeneta data shows the last time Trump ramped up tariffs on Chinese imports during the trade war in 2018, the ocean container shipping markets spiked more than 70%.

Persons: Donald Trump, Trump, Judah Levine, Levine, Biden, Lars Jensen, Peter Sand, Sand Organizations: Trade, U.S . West Coast, U.S . Trade Representative, U.S . West, Trump, FEU Locations: Qingdao Port, Shandong province, Qingdao, China, Asia, U.S . West Coast, Vespucci

☆ Einstein's 1939 letter, warning of atomic weapons, just sold at auction for $3.9 million
▼ + stars: | 2024-09-11 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Now, a copy of that letter, also signed by Einstein, has sold at a Christie's auction for $3.9 million. Though Einstein didn't write the letter, his worldwide esteem meant his signature added significance and credibility to the letter. Einstein's influence on the Manhattan ProjectEinstein's letter to Roosevelt sold for nearly $3.9 million at auction. Related storiesFor Szilard and Einstein, the possibility of the Germans creating a nuclear weapon was reason enough to write President Roosevelt. AdvertisementOnce Germany surrendered, however, Szilard and Einstein no longer felt the use of nuclear weapons was justified.

Persons: —, Albert Einstein, Franklin Roosevelt, Einstein, Roosevelt, Franklin, Peter Klarnet, Christie's, Einstein didn't, Paul Allen, Allen, Malcolm Forbes, Leo Szilard's, Szilard, Adolf Hitler's, Bertrand Russell, Russell Organizations: Service, Business, Manhattan Project, Microsoft, Guardian, Manhattan, US Army Intelligence, Einstein Locations: New York, Christie's, Germany, Hungarian, Europe, Hiroshima, Nagasaki, Japan

☆ Gold prices holds steady with U.S. CPI data on radar
▼ + stars: | 2024-09-11 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold prices steadied on Wednesday, as investors keenly awaited the U.S. inflation data for hints on the size of the Federal Reserve's potential interest rate cut next week. The U.S. Consumer Price Index data is due at 1230 GMT, while the Producer Price Index reading and initial jobless claims are due on Thursday. The Fed will lower interest rates by 25 basis points at each of the three remaining policy meetings in 2024, according to a majority of economists in a Reuters poll. Zero-yield bullion tends to be a preferred investment amid lower interest rates and geopolitical turmoil.

Persons: Matt Simpson, Price, Jerome Powell's, Peter Fung, Yoav Gallant Organizations: Aurum, Federal, Index, U.S, Consumer, Metals Locations: Gaza, Lebanon

☆ Willo, a recruitment tech startup, just raised funding from Mimecast's former CEO using this 19-slide pitch deck
▼ + stars: | 2024-09-11 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Founded in 2018, Willo provides companies in over 180 countries with technology to conduct and process video interviews for job candidates. This story is available exclusively to Business Insider subscribers. During the COVID-19 pandemic, it pivoted to become a solution for hiring remotely using video technology. The company offers one-way recorded video interviews to help employers get what it describes as unbiased and consistent responses from candidates. "We've grown into a more mature product now, with companies able to interview in many different ways," Euan McCameron, CEO at Willo, told Business Insider.

Persons: —, Willo, Euan McCameron, We're, McCameron, Peter Bauer Organizations: Service, Willo, Prada, Samsung, Toyota, Business Locations: Glasgow, Scotland

☆ Bill Gates and other billionaires can learn from MacKenzie Scott's giving, a philanthropy expert says
▼ + stars: | 2024-09-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Read previewFrom Bill Gates and Warren Buffett to Jeff Bezos and Mark Zuckerberg, billionaires are the power players of philanthropy. It's not possible to generalize, but billionaires' philanthropic contributions likely do not outweigh the negative aspects of wealth inequality. For every Chuck Feeney or 'good' billionaire, there is an Elon Musk or Bill Gates, both with questionable practices. Bill Gates is an example. How does MacKenzie Scott's philanthropy differ from how other billionaires typically approach giving, and what lessons can they learn from her?

Persons: —, Bill Gates, Warren Buffett, Jeff Bezos, Mark Zuckerberg, It's, MacKenzie Scott, Bezos, Hans Peter Schmitz, Bob, Carol Mattocks, Gates, Scott, Chuck Feeney, Elon Musk, Melinda Gates, Ramin Talaie, Getty, MacKenzie Organizations: Service, Business, Nonprofit Leadership, North Carolina State University, Melinda Gates Foundation, Gates Foundation, Black Colleges, Universities, Third

☆ Former Canadian fashion mogul Peter Nygard sentenced to 11 years for sexual assault
▼ + stars: | 2024-09-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

TORONTO — Former Canadian fashion mogul Peter Nygard was sentenced Monday in a Toronto courtroom to 11 years in prison for sexually assaulting four women. He faces separate sexual assault and sex trafficking charges in Montreal, Winnipeg and the U.S.Nygard has denied all allegations against him. Designer Peter Nygard in 2014. Goldstein called Nygard “a Canadian success story gone very wrong.”A courtroom sketch shows Peter Nygard, seated at center with his lawyers in Toronto on Monday. Alexandra Newbould / The Canadian Press via APNygard founded a fashion company in Winnipeg, Manitoba, in 1967 that ultimately became Nygard International.

Persons: Peter Nygard, Robert Goldstein, Nygard, Tommaso Boddi, —, Goldstein, Alexandra Newbould, David Lametti Organizations: TORONTO —, U.S, Canadian Press, AP Nygard, Nygard International, FBI Locations: Canadian, Toronto, Montreal, Winnipeg, Winnipeg , Manitoba, Canada, New York City, New York, Manitoba’s

☆ Harris and Trump's first debate and Israel strikes Gaza humanitarian zone: Morning Rundown
▼ + stars: | 2024-09-10 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +6 min

Donald Trump and Kamala Harris are set to debate for the first time. Palestinian officials say at least 19 people were killed in an Israeli strike on a Gaza humanitarian zone. What to watch for in Harris and Trump’s first debateAfter 75 days of political upheaval, the stage is set — again — for a presidential debate. But instead of Donald Trump facing off against President Joe Biden for a second time, the former president faces Vice President Kamala Harris. This is Morning Rundown, a weekday newsletter to start your day.

Persons: Donald Trump, Kamala Harris, Trump’s, —, Joe Biden, Harris, She’ll, ”, Peter Nicholas, Trump, He’ll, he’ll, It’s, “, Tyreek Hill, ‘, Hill, Jaylen Waddle, ” Hill, Mike Johnson’s, lockdowns, Sciences Covid lockdowns, we’re, Elizabeth Robinson, ’ Organizations: Miami Dolphins, ABC News, Democratic, Trump, White House, That’ll, AFP, Getty, NBC News, Sunday's Dolphins, Jacksonville Jaguars, NBC, Miami - Dade Police Department, Dolphins, Miami - Dade Police, United, United States ’, University of Washington's Institute for Learning, Sciences Locations: Gaza, Harris, Philadelphia, California, Hill, Miami, China, United States

Almost half the population of East Timor, the most Catholic nation outside Vatican City, attended a Mass presided over by Pope Francis on Tuesday on the third leg of his Asia trip. An estimated 600,000 people packed the seaside park of Tasitolu near the capital, Dili, the Vatican told reporters, citing local authorities. But the Vatican has also admitted it concealed sexual abuse by members of the clergy in East Timor, including key figures in the independence movement. Francis, 87, is the first pope to visit East Timor since it became an independent state in 2002. “We have the opportunity to see the pope face to face.”The Mass was held at the same site where St. John Paul II, the last pope to visit East Timor, celebrated a historic liturgy in 1989.

Persons: Pope Francis, Francis, “ Viva, Francisco, ”, Lucrecia Nono, “, John Paul II, John Paul Organizations: Vatican City, Vatican, Catholic Locations: East Timor, Vatican, Asia, Tasitolu, Dili, Indonesia, Papua New Guinea, Singapore

In mounting an attack against Trump, Harris can pick and choose from a Golden Corral-scale buffet of material. “I suspect there will be some surprises during the debate,” Jason Miller, a Trump campaign spokesman, said Monday while briefing reporters. Will Trump speak more broadly beyond his base? Even when he knocked Biden out of the race in the last debate, Trump didn’t inspire key voting blocs. “He’s going to talk about what he wants.

Persons: Donald Trump, Joe Biden, Kamala Harris, Trump, Harris, ”, Robert Rowland, Biden, she’s, Mike Pence, “ Mr, Pence, baselessly, she’d, “, ” Jason Miller, Hillary Clinton, Philippe Reines, Reines, Trump’s, I’m, Will Trump, it’s Harris ’, ” Trump, he’s, didn’t, “ Kamala, Matt Gaetz, It’s, Rowland, Tulsi Gabbard, David Muir, Linsey Davis, he's, it's, ” Reines, “ He’s Organizations: Trump, ABC News, National Constitution, University of Kansas, New York Times, Siena College, Capitol, Democratic, ABC, Social Security Locations: Philadelphia, California, Manhattan, Pittsburgh, San Francisco, Kansas

☆ China's growing aircraft carrier fleet is set to narrow the gap with the US Navy in carrier superiority
▼ + stars: | 2024-09-10 | by ( Hope Seck | Sandboxx News | ) www.businessinsider.com time to read: +6 min

Read previewHistorically, the US aircraft carrier fleet has been a showcase of American military superiority. "If all [China] wanted to do was protect [its] coastline, which is what they did for a long time, they wouldn't need aircraft carriers. He predicted that the US would see Chinese carriers operating off the coasts of California and Mexico within a decade. Russia's only aging aircraft carrier, the Adm. Kuznetsov, has been in service-life-extension overhaul since 2017. "Aircraft carriers exist because airplanes are useful.

Persons: —, Gerald R, J, Michael Dahm, Peter W, Singer, Bryan McGrath, McGrath, Dwight D, Eisenhower, Kuznetsov Organizations: Service, US, Navy, Business, Nimitz, Ford, DefenseOne, Sandboxx News, Hamas, Carrier, Aircraft, Sandboxx Locations: Spain, Turkey, South Korea, China, Fujian, Liaoning, Philippines, Thailand, Japan, Korea, Australia, Israel, Gaza, California, Mexico

☆ Why a Disney vacation may have gotten too pricey for the average American family
▼ + stars: | 2024-09-10 | by ( Devan Burris | ) www.cnbc.com time to read: +3 min

However, inflation-weary consumers might be taking their money elsewhere when it comes to theme parks. In its 2024 third-quarter results, Disney blamed a "softening consumer environment" for sliding demand in its theme parks. A one-day, single-park ticket for Walt Disney World has climbed on average 5% per year over the past 10 years. On the other hand, the price of Disney World and Disneyland's cheapest ticket has remained steady since 2019. A Disney World one-day, one-park, off-peak ticket will cost a park-goer $109, and its equivalent at Disneyland is $104.

Persons: Disney, Walt, Ken Potrock, Peter Supino Organizations: Walt Disney, Universal Studios, Comcast, Disneyland Resort, Disney, Wolfe Research, Magic, CNBC Locations: U.S

☆ TikTok could be banned from the US in months. TikTok doesn't seem worried.
▼ + stars: | 2024-09-10 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

TikTok faces a January 19, 2025, deadline to find a new US owner or shut down. Despite the looming deadline, TikTok employees and ad buyers act as if nothing will change. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But inside the company, The Information reports, most US TikTok employees are behaving as if nothing is going to happen at all.

Persons: — Organizations: Service, Business

☆ Peter Nygard: Former Canadian fashion mogul sentenced to 11 years for sexual assault
▼ + stars: | 2024-09-09 | by ( Story Ap | ) edition.cnn.com time to read: +3 min

Former Canadian fashion mogul Peter Nygard was sentenced Monday in a Toronto courtroom to 11 years in prison for sexually assaulting four women. Nygard was found guilty of four counts of sexual assault in November but acquitted of a fifth count as well as one count of forcible confinement. He faces separate sexual assault and sex trafficking charges in Montreal, Winnipeg and the United States. All five women said their meetings or interactions with Nygard ended with sexual activity that they did not consent to. John Aquino/WWD/Penske Media/Getty Images/FileNygard founded a fashion company in Winnipeg, Manitoba, in 1967 that ultimately became Nygard International.

Persons: Peter Nygard, Robert Goldstein, Nygard, Goldstein, ” Nygard, John Aquino, David Lametti Organizations: Penske Media, Nygard International, U.S, FBI Locations: Canadian, Toronto, Montreal, Winnipeg, United States, Winnipeg , Manitoba, Canada, New York City, New York, Manitoba’s

☆ Battery giant Northvolt to lay off staff in huge cost-cutting drive amid EV market slowdown
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Northvolt, a key battery producer for Europe's electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into discussions with partners and investors to secure the future of a facility in Poland. Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately-held tech firms that builds lithium-ion batteries for the electric vehicle industry. The battery maker cited a "challenging macroeconomic environment and our subsequent reassessment of Northvolt's near-term priorities" as the key reasons behind its decision to embark on the cost-cutting drive. Northvolt has faced a litany of pressures in recent months — not least the demand challenges facing the broader electric vehicle industry. BMW said at the time that the deal had been cancelled due to Northvolt being unable to deliver on time.

Persons: Northvolt, Peter Carlsson Organizations: Volkswagen, Volvo, Alternative Fuels, BMW, EV Locations: Poland, Stockholm, Sweden, Europe

☆ Money market funds hit another record high — but experts warn it's time to move out of cash. Where they see opportunity
▼ + stars: | 2024-09-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Assets in money market funds hit $6.3 trillion the week that ended Wednesday, another record high, according to the Investment Company Institute . The annualized 7-day yield on the Crane 100 list of the 100 largest taxable money funds is currently 5.08%. History shows that when investors do move out of money market funds, they move into fixed income over equities, he said. Institutional investors will also continue to move into money market funds as the Fed cuts rates because any cash they have in direct money market investments, such as Treasury bills, will be hit by rate cuts quicker than money market funds, explained Peter Crane, founder of Crane Data, a firm that tracks the industry. Once you have the appropriate cash needs set aside, consider moving any excess funds into fixed income, Jenkin said.

Persons: Mark Cabana, Peter Crane, Crane, Ted Jenkin, Jenkin, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Falconio Organizations: Investment Company Institute, Bank of America, Federal Reserve, Institutional, Crane, CNBC, American Express, Bread Financial, UBS, U.S . Locations: UBS Americas

☆ There's tons of hiring activity in media ad sales right now, but there's a catch
▼ + stars: | 2024-09-09 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

While it might look like there's a flurry of advertising hiring, industry insiders say the reality is more sobering. AdvertisementLegacy media companies have sharply cut staff in recent years, including sales, and those jobs aren't coming back. Disney has said it plans to automate half its ad sales. "The number of good job opportunities are few and far between because the large media companies are not hiring as quickly. "Ad sales is no longer ad sales," said Gary Stolkin, global CEO of The Talent Business, a global executive search firm specializing in the creative industries.

Persons: —, they've, Jean, Paul Colaco, aren't, Dave Morgan, Lisa Valentino, David Lawenda, David Zaslav, David Ellison's, Christopher Vollmer, Simon Francis, Peter Naylor, Brian Lesser, Lesser, WPP's, Roku, Harry Kargman, Kargman, Krishan Bhatia, Gary Stolkin, Stolkin, who's Organizations: Service, Netflix, Business, Disney, Paramount, Warner Bros, NBA, Companies, MediaLink, TV, Media, Flock Associates, Progressive, Mobile, The Talent Locations: Teads, NBCUniversal

☆ Trump’s claim terrorists are pouring over southern border does not stand up to scrutiny
▼ + stars: | 2024-09-08 | by ( Peter Bergen | ) edition.cnn.com time to read: +4 min

Discussing the US southern border, Trump asserted that “more terrorists have come into the United States in the last three years. In fact, there have been no reported terrorist attacks in the US during the past three years carried out by jihadist terrorists crossing the southern border. The ordinarily voluble Trump typically doesn’t have much to say when far-right domestic terrorists perpetrate terrorism in the United States. To be sure, there are reasonable concerns about the southern border, like the fact that, as CNN reported in June, eight Tajikistan nationals in the US who had crossed the southern border were arrested on immigration charges “following the discovery of potential ties to terrorism,” including possibly to ISIS. This is all a far cry from Trump’s claim on Fox that “more terrorists have come into the United States in the last three years.

Persons: Donald Trump, Kamala Harris, Trump, voluble Trump, Christopher Wray, “ Organizations: CNN, Fox News, New, Naval Air Station, Pentagon, New America, Fox, US Customs, Protection Patrol, CBS News Locations: United States, New York City, Saudi, Pensacola , Florida, Buffalo , New York, Allen , Texas, Pensacola, Manhattan, Tajikistan, Customs, Canada

☆ We lived in Charleston for a year, but it was too expensive and crowded. Now, we're happily settled 2 hours north.
▼ + stars: | 2024-09-08 | by ( Mcduffie Putnam | ) www.businessinsider.com time to read: +5 min

But at my core, I'm a native South Carolinian and I've lived all over the state throughout the years. Many three-bedroom homes in the Charleston area have recently sold for $500,000 or more — some for over $1 million, according to Redfin. AdvertisementWe're now in a smaller South Carolina city, where our everyday life is pretty goodFlorence has a smaller population than Charleston. McDuffie PutnamAfter almost a year, we decided that the traffic, crowds, and cost of living in the Charleston area were not for us. Florence is in the northeastern portion of South Carolina, about 90 minutes from the Myrtle Beach area and two hours from Charleston.

Persons: —, I've, we've, Peter Unger, We're, McDuffie Putnam, we'd, We've Organizations: Service, US News, Business, Homes, Charleston Locations: Frankfurt, New York City, South Carolinian, Charleston, South Carolina, Zillow, Florence, Columbia, Florence , South Carolina, Myrtle Beach, Southern

☆ They were due to leave for their dream cruise in May. Three months on they’re still stuck at the departure port
▼ + stars: | 2024-09-07 | by ( Julia Buckley | ) edition.cnn.com time to read: +12 min

CNN —It was the years-long cruise that was supposed to set sail, but saw its departure postponed… postponed… and postponed again. However, there’s one crucial difference between Life at Sea and Villa Vie Residences, the company attempting the 3.5-year cruise: Villa Vie has a ship. This meant the certifications had expired – and instead of simply renewing them, Villa Vie was obliged to start from scratch. Olsen cruise ship. ‘Not what we were expecting’Angela and Steve Theriac have been traveling around Europe while waiting to set sail.

Persons: …, “, ”, Lanette Canen, Johan Bodin, Bodin, “ We’re, we’ve, “ It’s, We’ve, Peter Morrison, Villa, Mike Petterson, Petterson, –, Fred, Olsen, Villa Vie, “ Fred, DNV, Samantha Stimpson, ‘ We’ve, ’, Maureen O'Hare, Fran Paroissien, she’s, Paroissien, I’ve, we’d, he’d, ” Micky Murray, “ They’re, I’m, Bonny Kelter, ” Kelter, “ We’ll, ’ Angela, Steve Theriac, Angela, it’s, “ We’ve, that’s, We’re, They’ve Organizations: CNN, Sea Cruises, Residences, Olsen Cruises, Hawaii –, Canen, Edinburgh, Sweden –, Villa Vie, Survey, Braemar, Olsen Cruise Lines, Villa, Vie, ‘, Midlife, Liverpool Locations: Belfast, Northern Ireland, Braemar, Fred, Hawaii, Stirling, Scotland, Glasgow, Europe, Sweden, –, Melbourne, Australia, Canary, Seychelles, Liverpool, Edinburgh, Spain, Denmark, Dublin, Nicaragua

☆ OnlyFans figured out the best porn business on the internet
▼ + stars: | 2024-09-07 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

OnlyFans is an astonishingly big, and astonishingly profitable business. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You may also know that OnlyFans is a big business. But you may still be shocked to see just how big a business OnlyFans has become: Last year, the company posted operating profits of $650 million, on revenue of $1.3 billion. Maybe I'm missing something, but from what I can see, that makes OnlyFans the biggest and most profitable (mostly) porn operation in the world.

Persons: —, OnlyFans Organizations: Service

Volcanoes were still erupting on the moon during Earth’s dinosaur age, new research suggests, much more recently than previously believed. Earlier analysis of samples brought back by the Chang’e-5 lunar mission had concluded that volcanic activity stopped about 2 billion years ago, updating previous assessments that there had been no active lunar volcanoes for about 4 billion years. The research team behind the study was “surprised and excited” by the “unexpected” discovery. However, it’s still “unclear” how the moon could have remained volcanically active for so long, the paper said. In June, China became the first country to retrieve rocks from the far side of the moon with its Chang’e-6 mission.

Persons: Li Qiu, Li, it’s, Qian Yuqi, ” Qian, Luna Organizations: of Geology, Chinese Academy of Sciences, University of Hong, U.S . Locations: University of Hong Kong, U.S, Soviet, China

☆ The NFL is here to save TV, again. But it's going to get harder every year.
▼ + stars: | 2024-09-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

We can't stress this enough — increasingly, the chief reason for some TV networks to exist is to transmit NFL games. And at Fox, NFL games and "shoulder programming" accounted for an astonishing 63% of the time viewers spent with the network. MoffettNathansonBut those trends should still worry both the NFL and the TV networks that pay it many billions of dollars every year. But to state the obvious: TV networks pay the NFL many billions of dollars because the NFL delivers TV eyeballs, not because it delivers Instagram eyeballs. And if younger viewers are starting to tune out of the NFL — again, like they have tuned out of everything else on TV — that's going to be a problem for the league and the TV guys.

Persons: —, Robert Fishman, Per Fishman, NFL — Organizations: Service, NFL, Kansas City, Baltimore, Business, MoffettNathanson, CBS, Fox

☆ Dozens of business leaders endorse Kamala Harris for president
▼ + stars: | 2024-09-06 | by ( Liam Reilly | Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Dozens of business leaders are throwing their weight behind Vice President Kamala Harris, saying she is the stronger candidate for the American economy and the future of democracy. In a three-page letter, a group of 88 business leaders — including high-profile current and former executives from major public companies across tech, media, and finance — emphasized that they believe a Harris administration can better nurture the private sector. The endorsements underscore the support Harris has not only in Silicon Valley, a traditional Democratic stronghold, but in some corners on Wall Street and at some consumer-facing companies. On the campaign trail, Harris has positioned herself as perhaps friendlier to business than President Joe Biden. The letter is a vote of confidence for Harris as she and former President Donald Trump appear neck and neck ahead of the November election.

Persons: Kamala Harris, —, Harris, “, James Murdoch, Mark Cuban, Reid Hoffman, Rupert Murdoch, Michael Lynton, Jeremy Stoppelman, Hoffman, Jeff Lawson, Laurene Powell Jobs, Peter Chernin, Jeffrey Katzenberg, Joe Biden, Trump, Elon Musk, David Sacks, San Francisco, Doug Leone, Joe Lonsdale, Peter Thiel, Donald Trump Organizations: CNN, CNBC, Democratic, Century Fox, Emerson Collective, TCG, Fox, Walt Disney Studios, Trump, San, Republican National Convention, America PAC, Sequoia Capital, Palantir, ABC Locations: Silicon Valley, United States

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