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☆ Philippine police say ‘alarming details’ uncovered in new allegations against celebrity preacher
▼ + stars: | 2024-09-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

The abuse they endured shows an alarming pattern of manipulation and exploitation,” Philippine police chief General Francisco Marbil said in a statement. The statement did not say how many people had come forward. The pastor has denied wrongdoing and his lawyers, Ferdinand Topacio and Israelito Torreon, did not immediately respond to requests for comment. Quiboloy is a longtime friend of Rodrigo Duterte, who was Philippines’ president until two years ago and frequently appeared on the pastor’s television shows. Marbil urged victims who were suffering in silence to come forward and assured them protection.

Persons: Apollo Quiboloy, “, ” Quiboloy, Quiboloy, Aaron Favila, Francisco Marbil, Marbil, Ferdinand Topacio, of Jesus Christ, Rodrigo Duterte, Duterte, ” Organizations: MANILA — Police, Israelito, Federal Bureau of Investigation, Quiboloy Locations: MANILA, Philippines, United States, Israelito Torreon, of, Davao City, Quiboloy

☆ Jamie Lee Curtis said the secret to her 40-year-marriage is a 'really good dose of hatred'
▼ + stars: | 2024-09-11 | by ( Erin Liam | ) www.businessinsider.com time to read: +4 min

Read previewJamie Lee Curtis said the key to her 40-year-long marriage with filmmaker Christopher Guest is not to leave — even when they hate each other. This story is available exclusively to Business Insider subscribers. She added that "perseverance, patience, gentleness, and a really good dose of hatred" is what she thinks makes a marriage work. Avigail Lev, a San Francisco therapist, previously told Business Insider that couples can follow psychologist John Gottman's "magic ratio of 5:1." A representative for Curtis didn't immediately respond to a request for comment from Business Insider sent outside business hours.

Persons: —, Jamie Lee Curtis, Christopher Guest, Curtis, Marlo Thomas, Phil Donahue, Thomas, Donahue, I'm, Annie, Avigail Lev, John Gottman's, Gottman, Lev, Curtis didn't Organizations: Service, Creative, Business, People, Stone, Science, Business Insider Locations: San Francisco

☆ Mark Zuckerberg just sold out a stadium
▼ + stars: | 2024-09-11 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg is apparently selling out stadiums now. The Meta CEO was a guest on a live show of the "Acquired" podcast at Chase Center in San Francisco on Tuesday. Go to newsletter preferences Thanks for signing up! AdvertisementMark Zuckerberg does plenty of podcast interviews, and this week he managed to sell out a stadium doing so. The Meta CEO was the leading guest at a live event Tuesday night by the popular "Acquired" podcast, held at Chase Center in San Francisco.

Persons: Mark Zuckerberg, —, Ben Gilbert, David Rosenthal, It's Organizations: Chase Center, Service, Business Locations: San Francisco

☆ We're about to find out if Jensen Huang can get investors to snap out of their AI panic
▼ + stars: | 2024-09-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewJensen Huang faces a monumental task as he takes center stage at a Goldman Sachs event on Wednesday: getting AI investors to stop panicking. However, there are signs suggesting that investors are getting pretty angsty over the future of Nvidia and AI more broadly. The markets are in a panic over AINvidia has been a powerhouse at the center of the generative AI boom. First, Nvidia's 122% year-on-year revenue growth in the last quarter was smaller than the 262% growth it recorded in the previous quarter. "I do not believe that Jensen is able to say anything that will quell investors' nerves," he said.

Persons: —, Jensen Huang, Goldman Sachs, Chris Beauchamp, Jeff Chiu, Beauchamp, Bernstein, Emma Cosgrove, Huang, Blackwell, Alvin Nguyen, Forrester, Jensen Organizations: Service, Nvidia, Technology Conference, Business, Google, Meta, Microsoft, Santa, Big Tech, Blackwell Locations: San Francisco, Santa Clara

☆ Wildfires burn out of control in Southern California and more evacuations ordered
▼ + stars: | 2024-09-11 | by ( Associated Press | ) edition.cnn.com time to read: +6 min

In recent years wildfires have regularly burned in and around Wrightwood, a picturesque mountain town 60 miles east of Los Angeles known for its 1930s cabins. In neighboring Orange County, firefighters used bulldozers, helicopters and planes to control a rapidly spreading blaze called the Airport Fire that started Monday and spread to about 3 square miles in only a few hours. Concialdi said the fire was burning away from homes in Orange County, but there are 36 recreational cabins in the area. Residents along the southern edge of Big Bear Lake were told to leave the area Tuesday night, according to the San Bernardino County Sheriff’s Department. The blaze had charred more than 51 square miles of grass and brush and blanketed the area with a thick cloud of dark smoke.

Persons: Big Bear, Robert Luna, Janice Quick, texted, Quick, “ I’ve, I’ve, ”, Steve Concialdi, Concialdi, Sherri Fankhauser, Fankhauser, ” Fankhauser, “ It’s, Davis, Joe Lombardo, Charles Moore Organizations: Chamber of Commerce, Orange County Fire, San Bernardino National Forest, Residents, San, San Bernardino County Sheriff’s Department, Nevada Gov, Sunday, National Weather Service, Truckee Meadows Fire Locations: , California, Los Angeles, Big, Wrightwood, Los Angeles County, Orange County, Riverside County, San Bernardino County, Northern California, Clearlake City, San Francisco, Idaho , Oregon, Nevada, Reno, Davis, Washoe, Washoe County, Truckee Meadows

☆ Even kids of the ultrawealthy are anxious about inheritance. Here are 4 top questions I get asked as a wealth expert.
▼ + stars: | 2024-09-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

I'm the managing director and head of the Merrill Center for Family Wealth. But often, they aren't sure what success means to those people, perhaps because family members feel uncomfortable talking about it. How can I build my own personal identity, both within and outside the family wealth? Many rising generation members are concerned about how to carve out a path for themselves. When rising generation members interact with friends and colleagues, it can lead to uncomfortable questions about wealth and privilege.

Persons: —, Valerie Galinskaya, we've, I've, We've Organizations: Service, Bank of America, Business, Merrill Center, Family Wealth Locations: New York City, San Francisco

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

Mandatory evacuations were ordered for communities across San Bernardino County, east of Los Angeles, as the so-called Line Fire raged through woodland and burned through more than 23,700 acres by Monday night. The fire in the foothills of the San Bernardino National Forest was 5% contained as of around 8 p.m. PT Monday, according to the California Department of Forestry and Fire Protection, or CalFire. March Air Reserve Base in Riverside County, just south of San Bernardino County, reached 105, according to the National Weather Service. “The triple-digit weather down here is nasty.”Newsom proclaimed a state of emergency for San Bernardino County Saturday night. State officials said vegetation is critically dry in San Bernardino County and temperatures reached more than 100 degrees on Saturday, with relative humidity ideal for the fire to spread.

Persons: CalFire, Gavin Newsom, Eric Thayer, Dan Munsey, Smiley, ”, “, Steven Michael King, Michael Lee, Lee, ” Lee, ” Newsom, Firefighters Organizations: San Bernardino National Forest, PT, California Department of Forestry, Gov, National Guard, Unified, Redlands Unified, National Weather Service, San Bernardino Fire Protection, Downtown, Air Reserve Base, Angeles National Forest, Running, Associated Press, AP, San Bernardino Locations: San Bernardino County, Los Angeles, Forest, California, Orange County, Running Springs, Calif, Running, Downtown Los Angeles, Riverside County, L.A, Lake, Highland, Clearlake City, San Francisco

☆ CNBC TechCheck Evening Edition: September 10, 2024
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC TechCheck Evening Edition: September 10, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

☆ 49ers. vs. Jets: San Francisco spoils Aaron Rodgers’ return to NFL action with dominant win over New York
▼ + stars: | 2024-09-10 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —The San Francisco 49ers put in a dominant showing to beat the New York Jets 32-19 on Monday, spoiling Aaron Rodgers’ return to NFL action. Rodgers returned to NFL action for the first time since Week 1 last season. Thearon W. Henderson/Getty ImagesDespite the poor start, Rodgers soon showed why the Jets traded for him ahead of last season. However, the Jets offense then struggled to produce much until late in the third by which point San Francisco had built up a comfortable lead. Per the NFL, the Jets only had 21:20 minutes of possession, the lowest mark of Rodgers’ career.

Persons: Aaron Rodgers ’, Jordan Mason, Christian McCaffrey, Mason, Jake Moody, Brock Purdy, ” Purdy, “, McCaffrey, I’m, Rodgers, Fred Warner, Thearon, Henderson, San, Rodgers –, Garrett, Wilson, ”, ” Rodgers, Kyle Shanahan’s, Brandon Aiyuk Organizations: CNN, San Francisco 49ers, New York Jets, NFL, 49ers, Jets, Breece, Green Bay Packers, Kansas City Chiefs, Super, San Locations: Francisco, New York, San Francisco

☆ 49ers star RB Christian McCaffrey misses Jets game with calf, Achilles injury
▼ + stars: | 2024-09-09 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

San Francisco 49ers running back Christian McCaffrey missed his team’s Monday night game against the New York Jets with a calf and Achilles injury. The 49ers replaced him with Jordan Mason, who dominated the Jets' defense. McCaffrey was limited in practice all week because the injury. He was listed as questionable on the team’s injury report, but he told the media Friday he was not concerned about being held back for Week 1. McCaffrey has been dealing with an injury to his calf and Achilles since August.

Persons: Christian McCaffrey, Jordan Mason, McCaffrey Organizations: San Francisco 49ers, New York Jets, 49ers, Jets, San Locations: San Francisco's, San Francisco, Carolina

☆ Existing newborn screenings may be able to identify risk of sudden infant death syndrome, study finds
▼ + stars: | 2024-09-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Aria-Bendix-Byline-Jm.Jpg | Aria Bendix | ) www.nbcnews.com time to read: +6 min

But a new study has found that a particular group of chemicals called metabolites, which are tested for as part of routine newborn screenings, could identify babies with an elevated risk. The researchers compared the results of newborn screening tests for 354 infants who died of SIDS with 1,416 infants who did not. “Maybe we’re looking at some food sensitivities,” she said, but added that much more research is needed into the link between SIDS risk and metabolism. Dr. Joanna Parga-Belinkie, a neonatologist at Children’s Hospital of Philadelphia who also wasn’t involved, similarly questioned whether newborn screenings can provide enough answers. “But every baby that’s born isn’t going to get a deep-dive genetic evaluation — they do get newborn screenings,” she added.

Persons: SIDS, Laura Jelliffe, ”, Pawlowski, “, we’re, ’ ”, Stephanie Napolitano, Joanna Parga, “ It’s, Debra Weese, Mayer, wasn’t, isn’t, it’s, ” Napolitano Organizations: U.S, Disease Control, New York University, University of California, Nationwide Children’s, Children’s Hospital of Philadelphia, Lurie Children’s Hospital of Chicago Locations: SIDS, San Francisco, California

☆ Alex Morgan says goodbye in final match of illustrious 15-year career
▼ + stars: | 2024-09-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

SAN DIEGO — Fighting tears, Alex Morgan waved to the crowd and walked off the field for the last time on Sunday as she capped an impactful 15-year career. The two-time Women’s World Cup winner announced on Thursday she was pregnant with her second child and retiring from the game. Overall, it was her 150th career appearance in National Women’s Soccer League play. Morgan’s U.S. national team career was full of accomplishments, including World Cup titles in 2015 and 2019, and an Olympic Gold medal in 2012. Morgan played in 224 matches for the U.S. national team, with 123 goals (fifth on the career list) and 53 assists (ninth).

Persons: Alex Morgan, subbing, ” Morgan, Morgan, Charlie, Joe Musgrove, ”, Jessica Berman, “, Amber Brunner, equitably, Alex Organizations: DIEGO, San Diego Wave, North Carolina Courage, Women’s Soccer League, England, Portland Thorns, Wave, U.S ., U.S, Soccer, Community, San Diego Padres, San Francisco Giants, men’s Locations: France, Morgan’s, U.S

☆ A millennial woman who made nearly $250k secretly working 2 jobs says it helped her enter a relationship for the 'right reasons' — not financial security
▼ + stars: | 2024-09-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

She focused on this gig early in the morning, in the evening, on the weekends, or during working hours on the days her full-time employer allowed her to work from home. While overemployment has increased Olivia's work-related stress, it's reduced her financial stress — something she said has helped her pursue a healthy romantic relationship. That's because the long working hours can take a toll, and remote job opportunities can be difficult to land. As long as she lives in her area of California, she's not sure she'll ever buy a home. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, Olivia, What's, Doxo, jugglers, she's, overemployment, Overemployment, it's Organizations: Service, Business, New York Times, BI Locations: California's Bay, San Francisco, San Jose, Bay, California

☆ James Earl Jones, iconic voice of Darth Vader in ‘Star Wars’ and Mufasa in ‘The Lion King,’ dead at 93
▼ + stars: | 2024-09-09 | by ( Brandon Griggs | Alli Rosenbloom | ) edition.cnn.com time to read: +14 min

“I lucked out.”Back then nobody imagined “Star Wars” would become a blockbuster, let alone an enduring franchise and cultural phenomenon. James Earl Jones and Darth Vader during "Star Wars: Episode II - Attack of the Clones" premiere event. Jesse Dittmar for The Washington Post/Getty Images Jones, seen here in 1960, was born in Arkabutla, Mississippi, in 1931. Steve Ringman/San Francisco Chronicle/Getty Images Jones appears with Alec Baldwin in a scene from "The Hunt for Red October" (1990). The LIFE Picture Collection/Getty Images Jones appears next to Darth Vader, who he famously voiced in the "Star Wars" movies.

Persons: James Earl Jones, Jones, Darth Vader, King ”, ”, Bob Iger, “, ” Jones, George Lucas, David Prowse, “ George, Lucas, Vader, Jim Spellman, WireImage, ‘, you’ve, Luke Skywalker, Mark Hamill, ” Hamill, He’ll, ’, ’ ”, Robert Earl Jones, James, Langston Hughes, Bettmann, Stanley Kubrick’s “, Strangelove, Jack Johnson, Tony, Sidney Poitier, Alex Haley, TV’s, Thulsa, Conan, ” Kevin Costner’s, Admiral Greer, Costner, Jones ’, King Jaffe Joffer, Wan Kenobi, Mufasa, “ L.A, Law ”, King James, Rachael Ray, ” James Earl Jones, Jesse Dittmar, William Shakespeare's, Stanley Kubrick's, Julienne Marie, Alan Aaronson, Harry Benson, Richard Nixon, Julie Harris, Angela Lansbury, Jerry Orbach, Muhammad Ali, King Lear, Jack Mitchell, Paul Robeson, Robeson, Hulton, Marlon Brando, Ronald Reagan's, AP Jones, Thulsa Doom, Everett, Steve Ringman, Alec Baldwin, Nick Ut, George H.W, George H.W . Bush, Bush, Doug Mills, Cecilia Hart, Flynn, Paul Simon, Chita Rivera, Laura Bush, George W, Alex Wong, Grace, Chris Haston, Rosa Parks, Faith Ringgold, Richard Drew, Kevin Wolf, Matt Rourke, Debbie Allen, Evan Agostini, Forest Whitaker, Kevin Winter, Vanessa Redgrave, Daisy, Sara Krulwich, Astrid Stawiarz, Marian Anderson, Matt Slocum, Grant Lamos IV, Steven Senne, John Atashian, Jones “, …, Arthur Miller Organizations: CNN, “, Walt Disney Company, American Film Institute, ‘, University of Michigan, Army, Disney, The Washington Post, US Army, Newspapers, Broadway, CBS, Getty, New York Daily, Daily, ABC, Walt Disney Television, Everett, Hulton Deutsch, AP, San Francisco Chronicle, Mondadori, Arts, Kennedy, NBC, Elementary, NBA, National Constitution Center, Screen, New York Times, Harvard University, Globe, Academy of Locations: “, Michigan, Mississippi, New York, Hollywood, America, “ The, African, Iowa, Arkabutla , Mississippi, New, Vietnam, Washington , DC, George H.W ., Montgomery, Independence, Philadelphia

☆ Oracle shares jump on earnings and revenue beat
▼ + stars: | 2024-09-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. Here is how the company did compared to LSEG consensus:Earnings per share: $1.39 adjusted vs. $1.32 expected$1.39 adjusted vs. $1.32 expected Revenue: $13.31 billion vs. $13.23 billion expectedOracle's revenue increased 8% from $12.45 billion a year ago, according to a statement. For the current quarter, Oracle expects revenue growth of 8 to 10%, CEO Safra Catz said on the earnings call. The company said its cloud services and license support business generated $10.52 billion in revenue. During the quarter, Oracle announced the opening of a second cloud region in Saudi Arabia and said its database software will be available through Google's public cloud.

Persons: Larry Ellison, Safra Catz, Catz, Oracle's, Ellison, Oracle Organizations: Oracle Corp, Oracle, Amazon Web Services Locations: San Francisco, Saudi Arabia

☆ Developer Michael Shvo plans bulk sale of Mandarin Oriental condos after default
▼ + stars: | 2024-09-09 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

Read previewMichael Shvo, who shot to prominence in recent years buying billions of dollars of trophy real estate assets, has defaulted on the debt connected to a luxury condo building in Los Angeles. The site was purchased in 2019 by a group of investors that included Shvo, Bilgili Group, and Deutsche Finance. It has hired the real estate services firm Newmark to market the offering to investors and arrange a transaction. AdvertisementShvo purchased $3 billion of prominent real estate assets, including the Transamerica Pyramid building in San Francisco and 711 Fifth Ave. in Manhattan. In previous statements, a spokeswoman explained that BVK's investments with Shvo were handled through intermediaries, including Deutsche Finance and another German financial firm, Universal Investment.

Persons: —, Michael Shvo, –, Serdar, Newmark, Shvo, BVK Organizations: Service, Los, Los Angeles Recorder's Office, Acore, Beverly, Business, Bilgili, Deutsche Finance, Bayerische, Bilgili Group, Shvo, BVK, Biligili, Core, Universal Investment Locations: Los Angeles, Beverly Hills, Munich, San Francisco, Manhattan, Beverly, New York

Disney and DirecTV are not likely to reach a deal in time for "Monday Night Football" according to people familiar with the matter. As a result of the fight, DirecTV customers were unable to see the U.S. Open and the first full weekend of the college football season. DirecTV alerted customers on Friday to competitor alternatives for watching ESPN and also said it would provide a $30 credit to customers. However, Charter and Disney reached a deal hours ahead of "Monday Night Football" that allowed customers to tune in that night. The dispute between DirecTV and Disney has led to mudslinging between the two companies reminiscent of most carriage fights.

Persons: Rob Thun, Venu —, Venu, Disney, It's, Jimmy Pitaro, Nielsen, Pitaro, Adam Schefter, DirecTV's Thun Organizations: ESPN, Jacksonville Jaguars, Cincinnati Bengals, EverBank, DirecTV, Disney, FX, ABC, U.S ., CNBC, Walt Disney Co, Fox Corp, Warner Bros, NFL, Federal Communications Commission, Charter Communications, New York Jets, San Francisco 49ers Locations: Jacksonville , Florida, American, U.S

☆ Alzheimer's drug Leqembi promises to give patients more time, but they face a long road to treatment
▼ + stars: | 2024-09-08 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +15 min

In this article ESALY4523.T-JPBIIB Follow your favorite stocks CREATE FREE ACCOUNTHannah Yoon | The Washington Post | Getty ImagesLeqembi, an Alzheimer's drug from Biogen and Eisai , isn't a cure for the mind-damaging disease. The drug works in part by clearing toxic plaques in the brain called amyloid, a hallmark of Alzheimer's, according to its manufacturers. The Mayo Clinic's center, which began screening patients for Leqembi in October, has 50 to 60 patients currently taking the drug, according to Petersen. The Mayo Clinic's Alzheimer's center similarly stops dosing patients if ARIA appears on an MRI, according to Petersen. Meeks' neurologist, Dr. Wendell Helveston, said a follow-up MRI picked up one small area of bleeding in her brain that didn't cause any symptoms.

Persons: Hannah Yoon, Missie Meeks, Meeks, Leqembi, I'm, haven't, Julio Rojas, Patricia Waldrup, Biogen's, Alzheimer's, Brian B, Bettencourt, Tracey Collins, Collins, Alex Scott, Scott, Medicare enrollees, Neurologists, Ronald Petersen, Jay Reinstein, Michael Robinson Chávez, Petersen, Michael Irizarry, Eisai's, Eisai, Biogen, Eisai's Scott, It's, Rojas, Wendell Helveston, Bobby Pugh, Bessie Pugh, Karen Pulfer Focht Organizations: Washington Post, Getty, CNBC, University of California, San, San Francisco Health, Toronto Star, Medicare, Mayo Clinic Alzheimer's Disease Research, Georgetown University Hospital, Washington , D.C, Mayo, Leqembi, Mayo Clinic, Reuters, ARIA, Hattiesburg Clinic, Ave Locations: Biogen, Ellisville , Mississippi, U.S, San Francisco, Portland , Maine, Boston, South Mississippi, Washington ,, Mayo, Portland, South Portland, Mississippi, Eisai, Bartlett , Tennessee

☆ America's shopping spree is over and retailers are facing a new world of cautious consumers
▼ + stars: | 2024-09-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewAmerica's wild, multi-year shopping spree has come to an end — and retailers who got used to Americans dropping cash on just about everything are in a tough spot. US retail sales came in stronger than expected in July, with Americans spending more overall compared to the prior month, according to Census data. Around 40% of consumers said they planned to pare back spending on accessories, home decor, jewelry, and furniture, per McKinsey's survey. We're now back in an environment where good retailers, strong brands that offer compelling value … will benefit," Siegel said. In the meantime, that could mean more pain for retailers, Siegel said, speculating that many were caught by surprise by the shift in consumer sentiment.

Persons: —, Ted Rossman, Rossman, pare, Simeon Siegel, Siegel, We're, SPDR Organizations: Service, Business, McKinsey & Company, Bankrate, Customers, BMO, Challenger, Walmart, Target, San Francisco Fed, Primerica Locations: FactSet

☆ DirecTV files FCC complaint against Disney amid blackout
▼ + stars: | 2024-09-08 | by ( Robert Ilich | ) edition.cnn.com time to read: +2 min

CNN —DirecTV filed a complaint Saturday with the Federal Communications Commission alleging Disney did not negotiate in good faith as the two sides remain at an impasse on a distribution deal. ESPN owns the broadcast rights to “Monday Night Football,” which will be blacked out for DirecTV subscribers unless a deal is reached. “We continue to negotiate with DirecTV to restore access to our content as quickly as possible,” a Disney spokesperson told CNN on Sunday. The opening game for “Monday Night Football” features the New York Jets and San Francisco 49ers. The blackout also includes ESPN’s suite of channels and the Disney Channel, Disney Jr., FX and National Geographic.

Persons: Disney, “ Disney, Venu ’, ’ ”, Venu Sports, Kamala Harris, Donald Trump, “, San Francisco — Organizations: CNN — DirecTV, Federal Communications Commission, Disney, DirecTV, CNN, Fox Corporation, Warner Brothers Discovery, ABC, ESPN, NFL, Monday, New York Jets, San Francisco 49ers, Buffalo Bills, Jets, Disney Channel, Disney Jr, Geographic Locations: New York, Los Angeles, Chicago, Philadelphia, Houston, San, Fresno , California, Raleigh , North Carolina

☆ Google's second antitrust trial could help shape the future of online ads
▼ + stars: | 2024-09-06 | by ( Jennifer Elias | Jennifer Covers Google Parent Company Alphabet Inc. | Silicon Valley Culture For Cnbc.Com In San Francisco. | ) www.nbcnews.com time to read: +8 min

For Google, the focus turns to its ad tools, which are part of the company’s $200 billion digital ad business. In the first antitrust case, the court found that Google violated Section 2 of the Sherman Act, which outlaws monopolies. The company’s M&A strategy “set the stage for Google’s later exclusionary conduct across the ad tech industry,” the Justice Department alleges. Google has long fought back against claims that it dominates online ads, pointing to the market share of competitors including Meta. It will argue that buyers and sellers have many options especially as the online ad market has evolved.

Persons: Biden, Donald Trump, Meta, Sherman, Goldman, Bernstein, Amit Mehta, ” Mehta, Google’s, Neal Mohan, Mohan, it’s, AdMeld, Jerry Dischler, It’s, Sissie Hsiao, Scott Sheffer, Prabhakar Raghavan, Simon Whitcombe Organizations: Department of Justice, Google, Microsoft, Big Tech, DOJ, Apple, Federal Trade Commission, Facebook, Amazon, Citibank, NYSE, New York Stock Exchange, YouTube, Google Network, U.S, District of Columbia, Department, DoubleClick, Meta, Stanford, Harvard, New York Times Locations: Alexandria , Virginia, California , Colorado , Connecticut , New Jersey , New York, Rhode Island and Tennessee, Google’s

☆ Pancakes, meet pandan. Asian American restaurants add their own spin to weekend brunch
▼ + stars: | 2024-09-06 | 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: +7 min

Breaking Dawn was one of two places that opened in the San Francisco Bay Area last spring emphasizing brunch. Asian American restaurants in other cities have also found that sweet and savory spot between breakfast and lunch. Jessica Nguyen, 28, who was finishing brunch at Breaking Dawn, says she’ll almost always choose Asian brunch over regular eggs or waffles. Within the last few decades, Asian and Asian American cuisine has become more popular through media and savvy foodies. She doesn’t see other restaurants with Asian brunch as rivals.

Persons: Dawn, Liz Truong, Terry Tang, ”, Truong, Lerspreuk, Thanasit “ Toto ” Nanthasitsira, yum, “, Chef Francis Ang, buttered, Jessica Nguyen, she’ll, Nguyen, Martin Manalansan, ” Manalansan, “ It’s, There’s, Eric Silverstein, Silverstein, we’re, ” Silverstein Organizations: GATOS, FO, Breaking, San Francisco Bay Area, NBC Asian Locations: Calif, Bay, sunnyside, Los Gatos, San Francisco Bay, San Mateo, Thailand, Francisco’s, China , Hong Kong, Taiwan, Austin , Texas, Tokyo, Atlanta, NBC Asian America

☆ This startup ditched plans to go public and sold to a private equity firm for $3 billion. Here's the pitch deck it used.
▼ + stars: | 2024-09-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

European private equity firm Hg expressed interest in buying a majority stake in the enterprise software company. For startups, private equity represents a deep-pocketed buyer willing to move quickly, pay a premium, and potentially help the business by tapping into complementary companies in their portfolio. AuditBoard is the kind of startup that private equity goes gaga over. Bidding warArnold then delivered the pitch deck that he had shown to public market investors just weeks before. Here's the 19-slide pitch deck that AuditBoard used to court a $3 billion buyout from private equity.

Persons: —, Scott Arnold, Morgan Stanley, Arnold, AuditBoard, Corporates, Daniel Kim, Jay Lee, It's, Fortune, Alex Johnson, Johnson, Morgan Stanley's, Roxanne Oulman's, Nic, Humphries — Hg's, Goldman Sachs, Humphries, he's Organizations: Service, Business, Battery Ventures, Tiger Global, Morgan Locations: Silicon Valley, San Francisco, Shutterfly, Paris

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