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Read previewA family dog, tennis, and Disney Shanghai's LinaBell character have one thing in common — they might end up pulling China out of a long slump in consumer demand. Those rapidly growing areas are poised to drive a rebound in China's anemic consumer spending, Bank of America analysts say. China's pet economy is seeing outsize spending as pets come to occupy a greater place of prominence in households. Finally, the analysts see significant growth potential in the country's "cultural IP" economy — spending on books, movies, and experiences based on fictional characters or storylines. China's economy has been stuck in the doldrums amid weak consumer spending.
Persons: , that's Organizations: Service, Disney, Bank of America, Business, Consumers Locations: China
CNN —Joe Schmidt, a Detroit Lions legend and Hall of Famer, has died at the age of 92, his family said in statement published by the Pro Football Hall of Fame. “When Joe Schmidt got to the ball carrier, that was the end of the play. He went on to play his entire 13-year NFL career in Detroit, helping the Lions win another NFL championship in 1957. Schmidt (56) lines up as Los Angeles Rams quarterback Zeke Bratkowski (12) prepares to snap the ball against the Detroit Lions at Los Angeles Memorial Coliseum on October 29, 1961. He was enshrined into the Pro Football Hall of Fame in 1973 and is a part of the NFL 100 All-Time Team.
Persons: Joe Schmidt, Hall, ” Jim Porter, ” Schmidt, Schmidt didn’t, Schmidt, Zeke Bratkowski, David Boss, Imagn Schmidt, “ Joe Schmidt, Martha Firestone Ford, “ Joe, Marilyn, ” Ford Organizations: CNN, Detroit Lions, Hall of Famer, Pro Football Hall of Fame, NFL, Lions, University of Pittsburgh, The Lions, Los Angeles Rams, Los Angeles Memorial Coliseum, USA, ” Lions Locations: Detroit
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow fans view potential private equity involvement in college sportsMike Schoenfeld, partner at the Brunswick Group, joins 'The Exchange' to discuss the potential involvement of private equity in college sports, concerns of fans about the investment, and more.
Persons: Mike Schoenfeld Organizations: Brunswick Group
In today’s edition, we report on how Kamala Harris' media strategy is (and isn't) changing following the debate. The campaign said Harris plans to do more interviews with media in battleground states and speak more with her traveling press corps in the coming days. Her campaign’s media strategy has largely been a continuation of Biden’s, which is to minimize interactions with the media. Right after the debate, Trump held a sprawling, ad hoc press conference in the “spin” room, surrounded by hundreds of journalists who formed a ring around him. The simple rules of postgame sports commentary often apply to politics: When you win, you don’t have to spin.
Persons: Kamala Harris, Jonathan Allen, Donald Trump's, Harris, Alex Seitz, Wald, Peter Nicholas, Natasha Korecki Fresh, Kamala Harris ’, Donald Trump, Joe Biden’s, Tim Walz, Rickey Smiley —, Trump, Biden, JD Vance, Walz, → Trump, Jonathan Allen Donald Trump, , Matthew Bartlett, it’s, ” Harris, “ KAMALA, ” Trump, , jud, Obama Organizations: NBC, White House, Capitol, National Association of Black Journalists, Democratic, CNN, Minnesota Gov, Univision, Trump, ABC News, MSNBC, Center, Fox News, Truth Social, ntr Locations: Philadelphia, , pec
“For over a century, the Pac-12 Conference has been recognized as a leading brand in intercollegiate athletics,” Pac-12 Commissioner Teresa Gould said in a statement. I am thankful to our board for their efforts to welcome Boise State University, Colorado State University, California State University, Fresno, and San Diego State University to the conference. An exciting new era for the Pac-12 Conference begins today.”While Pac-12 will survive in name, it's highly unlikely it’ll have the same stature or immediate moneymaking potential of the Big Ten, Southeastern Conference, Atlantic Coast Conference and Big 12. “Today’s news is a great start to stabilizing the future of the Pac‑12 Conference and Washington State University,” Washington State President Kirk Schulz and Athletic Director Anne McCoy said in a joint statement. Washington and Oregon joined the Big Ten as well, with Arizona, Arizona State, Utah and Colorado leaving for the Irving, Texas-based Big 12.
Persons: that’s, , Teresa Gould, Kirk Schulz, Anne McCoy Organizations: Conference, Washington, Oregon State, “ Conference of, Boise State, Fresno State, San, NCAA, Boise State University , Colorado State University , California State University, San Diego State University, Southeastern Conference, Atlantic Coast Conference, Washington State University, ” Washington, Athletic, USC, UCLA, Big, Los Angeles, Irving, Stanford, Cal Locations: Washington State, San Francisco, San Ramon , California, Colorado State, Fresno, San Diego State, Corvallis , Oregon, Pullman, Washington, Oregon, Rosemont , Illinois, Midwest, Washington and Oregon, Arizona, Arizona State , Utah, Colorado, Irving , Texas, Charlotte , North Carolina
SINGAPORE — Pope Francis on Thursday urged political leaders in Singapore, a leading global financial hub, to seek fair wages for the country’s million-plus lower-paid foreign workers. “These workers contribute a great deal to society and should be guaranteed a fair wage,” he said. Many of the migrant workers come from nearby countries such as Malaysia, China, Bangladesh and India. A Singapore NGO that provides services for migrant workers, Humanitarian Organisation for Migration Economics, welcomed the pope’s remarks, saying they were in “full agreement” with his call for fair wages. The Vatican said Francis’ Mass drew some 50,000 people to Singapore’s national sports stadium.
Persons: Pope Francis, , Francis, Francis ’, Tharman Shanmugaratnam, Lawrence Wong, Tiziana Fabi, Getty Images Francis, Singapore’s, John Paul II, Singapore, ” Francis, Taylor Swift, Connie Rodriguez, , Cardinal Stephen Chow Sau Organizations: Singapore NGO, Organisation, Migration Economics, Tiziana, Getty Images, Getty, Catholic Locations: SINGAPORE, Singapore, Southeast Asia, Oceania, Malaysia, China, Bangladesh, India, Philippines, Papua New Guinea, AFP, Hong Kong, Indonesia, East Timor, Rome
The NFL heads to South Beach on Thursday as the Miami Dolphins play host to the Buffalo Bills. Both Buffalo and Miami are 1-0, each coming off tight victories in Week 1. Miami-Dade County police detained Miami’s star wide receiver on Sunday over allegations of careless driving and failure to wear a seat belt. Hill was accused of the violations that carry penalties of $179 for careless driving and $129 for failing to wear a seat belt, copies of the tickets showed. ETLocation: Hard Rock Stadium, Miami Gardens, FloridaHow to watch: Stream on Amazon Prime
Persons: Josh Allen —, Tua, Jaylen Waddle, Hill Organizations: Miami Dolphins, Buffalo Bills, Buffalo, Dade County, Dolphins, Amazon Locations: Beach, Miami, Hill . Miami, Miami Gardens , Florida
Ukraine CNN —Olga is running around the intensive care unit, constantly checking her patients’ oxygen levels, adjusting their medication and noting their vitals. Ivana Kottasova/CNNThe evacuation train transports wounded soldiers from the frontlines to hospitals across Ukraine. He told CNN he was hurt in a Russian drone strike. I got more motivated,” he told CNN with a smile. After her shift ended, she told CNN that seeing critically ill patients coming from the frontlines is the toughest part of her job.
Persons: Ukraine CNN — Olga, anesthetist doesn’t, It’s, Ivana Kottasova, Oleksandr, , , CNN Oleksandr, Yevgeniy, Oleksandr Pertsovskyi, Pertsovskyi, Volodymyr Zelensky, Zelensky, Stanislav, Olga, , anesthetist Organizations: Ukraine CNN, CNN, Ukrainian Medical Forces, , Ukrainian Railways, ICU, CNN Ambulance, Kremlin Locations: Ukraine, Ukrainian, Bakhmut, Russian, Russia, Crimean, Donetsk, , Crimea, Moscow
Retail credit card interest rates reach record high
  + stars: | 2024-09-12 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +4 min
Here’s one way to think about these kinds of high-rate burdens:Say you sign up for a retailer’s card the day you make a $1,000 purchase. Or, consider that the interest you’ll pay in that same scenario will wipe out the $200 you “saved” after just nine months of making minimum required payments. The lowest rate on a retail card that the study found was 10%, on the Amazon Secured Card. “There are narrow circumstances in which retail cards can work for you. For a loyal shopper who pays in full and avoids interest, that’s a compelling value proposition,” he said.
Persons: Bankrate, Sam, Big, you’re, Ted Rossman, , you’ll, , Rossman, That’s Organizations: CNN, Academy, Nordstrom, Navy, Walgreens, QVC, Amazon, Military Star, Costco, Citi, IKEA Projekt, IKEA Visa Locations: Petco, Burlington, Banana, JCPenney, American
We started buying Home Depot shares last week as a play on housing and interest rates. Our Home Depot investment thesis is all about a pickup in housing turnover, the main driver of the home improvement retailer's sales. When rates went below 6.5% toward the end of last year, he explained, there was an immediate increase in housing activity, mortgage applications, and mortgage refinance applications. Mortgage rates with a 5% handle could be on the horizon, at least that's what Toll Brothers CEO Doug Yearley thinks. With these numbers, it's easy to see why Decker is optimistic that activity will normalize, and housing turnover and remodel activity will pick-up again.
Persons: Ted Decker, Doug Yearley, Yearley, Decker, Lowe's, Jim Cramer's, Jim Cramer, Jim Organizations: Home Depot, Dow, Depot, Toll, Home, Management, CNBC
The bank raised its price target on MercadoLibre Thursday to $2,500 from $2,225, suggesting 22% upside from Wednesday's close. The bank increased its price target to $230 from $200, implying nearly 16% upside from Wednesday's close. Supino also lifted the firm's price target to $93 a share, reflecting about 33% upside from Wednesday's close. Analyst Adam Berlin lowered his 12-month price target to $29 from $34, implying 6% downside. The investment firm's price target of $159 implies more than 2% downside from Wednesday's close.
Persons: Robert Ford Aguilar, — Michelle Fox, Wells, Wells Fargo, Eric Luebchow, Luebchow, Lisa Kailai Han, Sean Conlon, Wolfe, Peter Supino, Supino, Samantha Subin, BofA, George Staphos, a.m, Adam Berlin, Berlin, IPG, — Sean Conlon, Bernstein, Mark Moerdler, — Lisa Kailai Han, Stifel, Simon Yarmak, Andrea Pistacchi, Brandt Montour, it's, Montour, Fred Imbert Organizations: CNBC, Barclays, Bank of America, Diageo, Mercado, Mobile, Sprint, Wolfe Research, UBS downgrades, UBS, billings, GM, Pfizer, Oracle, Simon Property, Property Group, SPG, U.S, New York Stock Exchange Locations: Brazil, Mercado Pago, Wells Fargo, Wells, Roku, Berlin, America, U.S
CEO of Ford's highly profitable Pro business to retire
  + stars: | 2024-09-12 | by ( Michael Wayland | ) www.cnbc.com   time to read: +1 min
Ted Cannis, chief executive officer of Ford Pro, speaks during an interview in New York, on Thursday, July 28, 2022. DETROIT — The head of Ford Motor 's highly profitable "Pro" commercial and fleet business will retire at the end of this month, the company said Thursday. Ford Pro has been a profit-driver for the automaker. It has raked in about $18.7 billion in adjusted earnings and $184.5 billion in revenue since 2021, assisting in offsetting losses of its electric vehicles business. Such results led Wall Street to praise the business, as analysts have called it a "hidden gem" and Ford's "Ferrari ," referring to the highly profitable Italian sports car manufacturer.
Persons: Ted Cannis, DETROIT —, Andrew Frick, Ford, Jim Farley, Wall, Ferrari Organizations: Ford Pro, DETROIT, Ford Motor Locations: New York
CNN —A federal judge made way on Thursday for legal political gambling in the United States, rejecting a federal watchdog’s last-minute effort to delay a prediction market from offering bets on the November elections. She also denied a request by the government during Thursday’s hearing to block Kalshi from offering contracts pending its appeal. The CFTC has argued that the contracts count as illegal gambling and that it doesn’t have the resources to monitor them. Its chairman, Rostin Behnam, has also warned that election contracts would “ultimately commoditize and degrade the integrity” the electoral process. Luana Lopes Lara, a co-founder of Kalshi, celebrated the decision on Thursday, writing on X, “WE’RE LIVE.” The CFTC declined to comment.
Persons: Jia Cobb, , ” Cobb, Kalshi, Rostin Behnam, Luana Lopes Lara, Organizations: CNN, Senate, Futures Trading Commission, DC, Kalshi, CFTC Locations: United States, Washington ,, Kalshi, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSports are now the best investment a media company can make, says PLL's Paul RabilPaul Rabil, Premier Lacrosse League co-founder and president, joins 'Closing Bell' to discuss the lacrosse championship weekend, return to the olympics and media's investment.
Persons: PLL's Paul Rabil Paul Rabil Organizations: Sports, Premier Lacrosse League
To help you decide whether ESPN Plus is right for your needs, we've answered all of your pressing questions, including how much is ESPN Plus and any available deals on subscriptions. ESPN Plus (Monthly Plan) ESPN Plus is designed for sports, giving subscribers access to live MLB, NHL, NFL, soccer, golf, and UFC fights. Hulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus. If you already have a Hulu or Disney Plus subscription, your MyDisney account login information will be the same for ESPN Plus. Instead of launching a separate service, all ESPN Plus content is unlocked in the ESPN app once you subscribe.
Persons: we've, There's, Peyton Manning, What's, Hulu's, you'll, Venu, , Fubo Organizations: Business, ESPN, ESPN Plus, NBA, MLB, NHL, NFL, UFC, Hulu, Disney Plus, Disney, ABC, ESPN3, ESPN2, ESPN ESPN, Fire, Apple, Google, Fox, Warner Bros, Discovery, TNT, TBS
AdvertisementCharter will end up paying WBD for the right to give away Max with ads (as well as Discovery+, WBD's much-less-popular streamer), which sells for $10 a month. So WBD isn't exactly giving Max away. But by making a version of Max free to millions of Charter subscribers, WBD is basically inviting existing Charter/Max subscribers to trade down. But this time around, LightShed analyst Rich Greenfield calls the deal a "victory" for WBD, given the weakened position of its cable channels. Related stories"Nobody had faith in Zaslav/WBD to get a Charter deal done, especially a deal that was not even up for an entire year," he writes.
Persons: , WBD, Max, there's, Warner, Rich Greenfield, Nobody, Greenfield, John Malone, Malone, David Zaslav, Goldman Sachs, He'll Organizations: Service, Warner, TNT, NBA, Business, HBO, Charter, Disney, ESPN, Analysts, Comcast, DirecTV Locations: Zaslav, DirectTV's
In her first public comments since being stripped of a bronze medal she appeared to have rightfully won, Olympic gymnast Jordan Chiles on Wednesday said she’s still seeking “justice” and “peace." Chiles, speaking at the Forbes Power Women’s Summit, said the situation regarding the disputed medal has taken a severe emotional toll. “At this rate, it’s not really about the medal, it’s about my peace and my justice,” the 23-year-old said at the conference. Once that scoring error was corrected, Chiles vaulted into third place and the bronze medal. "No matter what, I'm always going to have those accolades with me and I'm going to continue to shine bright in the ways that I'm going to shine bright, because the star is never going to get dimmed."
Persons: Jordan Chiles, she’s, , Chiles, ” Chiles, she's, , Cecile Landi, Romanian Ana Bărbosu, Black, I'm Organizations: Forbes Power Women’s, Games, IOC, Sport Locations: Romanian, Paris, Tokyo
WNBA commissioner Cathy Engelbert late Tuesday night clarified that she’s vehemently opposed to “hate or racism” after her response to a question about social media abuse drew criticism from players in her league. Instead of addressing the matter with a simple message against online hate, Engelbert toasted their rivalry and celebrated that there’s “no more apathy” in the WNBA. "During a recent media interview, I was asked about the dark side of social media and online conversation about WNBA rivalries and race," she wrote on the platform formally known as Twitter. "To be clear, there is absolutely no place for hate or racism of any kind in the WNBA or anywhere else." Reese, an LSU alum who recently suffered a season-ending injury, is pulling down a WNBA-high 13.1 rebounds per contest.
Persons: Cathy Engelbert, she’s, Engelbert, , Caitlin Clark, Angel Reese, CNBC’s Tyler Mathisen, ” Clark, Reese, Breanna Stewart —, Clark, A'ja Wilson —, Stewart, Cathy, ” Terri Jackson, WNBPA, , Jackson Organizations: WNBA, CNBC, New York Liberty, Dallas Wings, Iowa, LSU
The partnership and potential future deals could boost both retailers taking a hit as consumers pull back discretionary spending, and legacy media companies that have tried to maintain profits in a challenging landscape. Paramount's partnership with Shopsense was a key component of its Upfront presentation in May, a time when media companies make their annual pitch to advertisers. The agreement comes as legacy media companies look to generate new revenue streams and find different ways to monetize their content. While media companies have relied on ad revenue for some time, it's become more important as they look to make their streaming businesses profitable. Legacy meets AIAdvertisers and media companies have been leaning into generative AI tools, such as shoppable advertising.
Persons: MTV VMAs, they'll, Shopsense, Everyone's, Bryan Quinn, Shopsense's, it's, Natalie Bastian, Bastian, Laura Taylor, John Halley, Halley, Glenn Fishback, Quinn Organizations: MTV, Paramount Global, CNBC, Paramount, Amazon, Skydance Media, Disney, Gateway, Goodway Group, Paramount Advertising
NFL season opened with a stealth bomber fly-over in Kansas City last week. Digital TV antennas offer a cost-effective way to watch live sports without pricey subscriptions. 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 . AdvertisementThe NFL season opened last week with a stealth bomber soaring over the Kansas City Chiefs' stadium while Coco Jones belted out The Star-Spangled Banner.
Persons: CivicScience, , Coco Jones Organizations: Service, Kansas City Chiefs, TiVo, Business Locations: Kansas City
New York CNN —The first presidential debate between Vice President Kamala Harris and former President Donald Trump drew an estimated 67.1 million viewers across 17 television networks, according to Nielsen data. In 2016, a record 84 million tuned in to the first debate between Hillary Clinton and Trump. While fewer Americans watched the debate on television than in previous election years, millions more watched on digital platforms. ABC said the telecast the most-watched debate on any network in at least 16 years and that more than 7 million watched on the various Disney-owned streaming platforms. Hours before the debate, ABC offered to provide DirecTV a free feed of the telecast for a three-hour period.
Persons: Kamala Harris, Donald Trump, Joe Biden, Harris, David Muir, Linsey Davis, Trump, Hillary Clinton, Nielsen, Muir, Davis, Organizations: New, New York CNN, Nielsen, ABC News, CNN, Trump, Democratic, Biden, ABC, NBC, Fox News, Disney, FCC, DirecTV, ESPN, FX Locations: New York, Philadelphia
If you don't have MTV through traditional cable methods, we'll highlight everything you need to know about where to watch the VMAs, including live streaming methods. Where to watch the VMAs in the USThe VMAs will air on MTV in the United States. If you're a cord-cutter or MTV isn't included in your current cable subscription, it might be time to explore a live TV package. Philo offers over 70 live channels, including MTV, Lifetime, and AMC. Each plan carries about 35-42 live channels with some overlap (Orange has several ESPN channels, while Blue carries FX, USA, and local channels in select regions).
Persons: Megan Thee, She's, Chappell Roan, Sabrina Carpenter, Camila Cabello, Shawn Mendes, Katy Perry, she'll, Taylor Swift, year's VMAs, Post Malone, Eminem, Ariana Grande, Carpenter, we've, Philo, Sling, ExpressVPN, Anitta Benson Boone Camila Cabello Chappell Roan Eminem, Halsey Jessie Murph KAROL G Lenny Kravitz, LISA LL Cool, Alejandro Sabrina Carpenter Shawn Mendes Teddy Organizations: Business, MTV, Post, Lifetime, AMC, ESPN, Blue, Paramount, Comedy, Fubo Locations: SZA, United States
France's challenges are far from over, however, with the country facing acute fiscal challenges and an ongoing threat posed by the far-right National Rally opposition, led by Jordan Bardella and Marine Le Pen. France this week asked the Commission to extend its deadline of Sept. 20 to submit debt reduction proposals. Analysts say Barnier's political survival therefore "depends on the whims and personal-political calculations of Le Pen." "The great unknown ... is how far Le Pen will be willing to address the most immediate crisis facing Barnier and the country: the painful choices needed to prevent France from plunging into a destructive fiscal crisis by the end of this year," he said. Marine Le Pen and Jordan Bardella at the final rally before the June 9 European Parliament election, held at Le Dôme de Paris - Palais des Sports, on June 2, 2024.
Persons: La France Insoumise, Remon Haazen, Emmanuel Macron's, Michel Barnier, Jordan Bardella, Pen, Barnier's, Gabriel Attal, Sarah Meyssonnier, Reuters Barnier's, Macron —, Le, Mujtaba Rahman, France's, Eurasia Group's Rahman, Le Pen's Organizations: Republique, La, Getty, Getty Images, Veteran, National Assembly, European, France's, Reuters, New, National, Eurasia Group, Le, Palais des Sports, Nurphoto Locations: La France, Paris, France, Europe, Eurasia
A federal judge issued an injunction Tuesday partially blocking the enforcement of a New Hampshire law that bars some transgender students from competing on school sports teams that align with their gender identity. Last month, two transgender teenage girls and their families sued New Hampshire education officials, arguing that the measure violates Title IX civil rights rules, which prevent sex discrimination in federally funded education programs and activities. The Biden administration expanded Title IX rules in April to include protections for students on the basis of sexual orientation and gender identity. Moreover, the expansion of the Title IX rules is temporarily blocked in at least 10 states and faces ongoing court challenges in roughly 10 others. Chris Sununu, a Republican, took action on two separate bills affecting the state’s trans community in July, in addition to the sports measure.
Persons: Bill, Iris Turmelle, Turmelle, ” Turmelle, ” I’m, , Judge Landya McCafferty, Parker Tirrell, McCafferty, ” McCafferty, Goodwin Procter —, Parker, Iris, ” Chris Erchull, Biden, Donald Trump, Chris Sununu, Sununu Organizations: Pembroke Academy, United, Civil Liberties Union, New, NBC News, Advancement, White, New Hampshire Gov, Republican Locations: New Hampshire, Pembroke, United States, — Massachusetts, NH,
Miami Dolphins quarterback Tua Tagovailoa said he was “a little emotional” watching the video of wide receiver Tyreek Hill being detained by police and said he’s supporting his teammate after the encounter. “For me, like just seeing it the first time, it was a little emotional for me, hearing just Tyreek’s voice in the footage, just knowing Tyreek. We talked about it, it was a little emotional,” he said. Tua Tagovailoa, left, and Tyreek Hill in Miami Gardens, Fla., on June 4, 2024. “This isn’t just something that Tyreek gone through, like this is something that people in general go through, that’s a life thing.
Persons: Tua Tagovailoa, Hill, Tagovailoa, , , I’ve, David Santiago, ” Tagovailoa, ” Tua, turnt, Tyreek, we’re Organizations: Miami Dolphins, Dolphins, Jacksonville Jaguars, Miami, Dade Police, TNS, Getty, Jaguars Locations: Hawaii, Tua, Miami Gardens, Fla
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