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☆ Russia's efforts to copy Ukraine's wildly successful sea drones won't achieve much, expert says
▼ + stars: | 2024-07-26 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Read previewRussian efforts to copy Ukraine's naval drone success won't help its invasion and may be a waste of resources, a drone warfare expert told Business Insider. Ukraine's homemade naval drones have been instrumental in helping contain Russia's Black Sea Fleet. Patton said Ukraine's drones have been successful as they've been launched against crewed Russian naval assets. AdvertisementA sea drone during a presentation by Ukraine's Security Service in Kyiv region, Ukraine. Even so, it's not clear how much of an advantage naval drones would be in such a war.

Persons: —, Yevhen, James Patton Rogers, Ukraine doesn't, Patton, they've, Russia's, Rogers, Evgeniy, Yerin, it's Organizations: Service, The Telegraph, Business, Ukrainian Defense Intelligence, Cornell Brooks Tech Policy Institute, intel, Directorate of Intelligence, Ministry of Defense, UK's Ministry of Defence, Fleet, Ukraine's Security Service, BI, NATO Locations: Ukraine, Russia, Ukrainian, Russian, Crimea, Kyiv region, Iran

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Tesla, Skechers, Meta, Southwest, Amazon, Sweetgreen, & more
▼ + stars: | 2024-07-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla " Tesla AI Infrastructure 'base' is by far the fastest rising part of its asset base." Morgan Stanley downgrades WW International to equal weight from overweight Morgan Stanley downgraded the company formerly known as Weight Watchers due to concerns about free-cash flow. Morgan Stanley initiates CervoMed as overweight Morgan Stanley said it's bullish on shares of the biotech company. " Morgan Stanley downgrades STMicroelectronics to equal weight from overweight Morgan Stanley downgraded the stock following earnings. Morgan Stanley reiterates Meta as overweight Morgan Stanley said buy the dip in shares of Meta.

Persons: Redburn, Lockheed Martin, Raymond James, Apple, it's, Morgan Stanley, Tesla, Piper Sandler, Alexander, Baldwin, Piper, ALEX, TD Cowen, Morgan Stanley downgrades STMicroelectronics, Baird, Meta, Guggenheim, Oppenheimer, Sweetgreen, Stifel, Jefferies, Rosenblatt Organizations: Deutsche Bank, Airlines, Deutsche, Lockheed, Apple, Citi, Amazon, AMC, International, Dianthus Therapeutics, Meta, " Bank of America, underperform Bank of America, Barclays, Microsoft, Aviation, Security, Nvidia, Qualcomm, Pharmaceuticals Locations: NYC, Brunswick

☆ Ryan Reynolds and Blake Lively's kids have cameos in 'Deadpool & Wolverine' — and you probably missed it
▼ + stars: | 2024-07-26 | by ( Olivia Singh | ) www.businessinsider.com time to read: +3 min

Read previewWarning: Major spoilers ahead for "Deadpool & Wolverine." "Deadpool & Wolverine" is packed with so many cameos that the appearances from Ryan Reynolds and Blake Lively's kids may have gone unnoticed. In "Deadpool & Wolverine," Ladypool has a baby, aptly titled Babypool, who is played by the couple's youngest child, Olin. AdvertisementLively plays Lady Deadpool in "Deadpool & Wolverine." Reynolds also gave his family a shout-out at the New York premiere of "Deadpool & Wolverine" on Monday.

Persons: —, Ryan Reynolds, Blake Lively's, Shawn Levy, Reynolds, Wade Wilson, Hugh Jackman's Logan, Wolverine, Matthew Macfadyen, Hugh Jackman, Logan, Jay Maidment, they're, Lively, Ladypool, James, Inez, Betty, Olin, Kidpool, Deadpool, Marvel Studios Betty doesn't, Hugh, Blake Organizations: Service, Business, Marvel Studios, Marvel, People, New York

☆ Video: Coco Gauff reacts to being named Team USA flag bearer with LeBron James
▼ + stars: | 2024-07-26 | by ( Coy Wire | ) edition.cnn.com time to read: 1 min

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☆ Sales of $100 million homes set to double this year as trophy properties recover
▼ + stars: | 2024-07-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. As of July 15, six homes in the U.S. have sold for more than $100 million, according to data from Miller Samuel and Douglas Elliman. If the sales pace continues, it would more than double last year's total and likely eclipse the record of nine homes sold for over $100 million in 2021. But sales of homes priced at $50 million, $20 million and even $10 million are all signaling a strong rebound for the ultra-luxury real estate market after its decline in 2023. A penthouse at Central Park Tower — the tallest residential building in the world — closed for $115 million to an unknown buyer.

Persons: Robert Frank, Miller Samuel, Douglas Elliman, Jonathan Miller, Aman, Vladislav Doronin, Oakley, James Jannard Locations: U.S, Manhattan, York, Russian, Palm, Tarpon Island, California

☆ Who plays Ladypool in 'Deadpool & Wolverine'? Everything to know about the A-list cameo
▼ + stars: | 2024-07-26 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

The character is one of many variants of Deadpool that appear in Marvel's "Deadpool & Wolverine," which stars Ryan Reynolds as the Merc with a Mouth and Hugh Jackman as Wolverine. Blake Lively plays LadypoolBlake Lively at the world premiere of "Deadpool & Wolverine." Fans suspected that Lively was Ladypool before 'Deadpool & Wolverine' hit theatersBlake Lively and Ryan Reynolds at the world premiere of "Deadpool & Wolverine" in July 2024. Plus, she visited the "Deadpool & Wolverine" set, so it seemed like a no-brainer for her to appear in the film. AdvertisementBlake Lively plays Ladypool, but her face is never shown in "Deadpool & Wolverine."

Persons: —, Deadpool —, Ryan Reynolds, Hugh Jackman, Wolverine, Blake Lively, Ladypool Blake Lively, Evan Agostini, they're, Reynolds, Ladypool, Peter, Rob Delaney, Deadpool, Lively, She's, Olin, Inez, James, Taylor, Lady Deadpool, Taylor Swift, Jackman, Ryan, Avril Lavigne, Harry Potter, Deadpool's, @deadpoolmovie I've Organizations: Service, Business, TVA, Deadpool Corps, Corps, New, New York City Locations: Lively, New York

☆ Yen heads for strongest week in 3 months as carry trades unwind
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +3 min

The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The euro was a tad stronger at $1.0853 but is down 0.35% for the week, its steepest weekly decline since early June. The souring risk sentiment this week has weighed heavily on the Aussie and the New Zealand dollar . The Aussie is down 2% for the week, its worst weekly performance since November 2023.

Persons: James Athey, Ben Bennett, they're Organizations: Marlborough Investment Management, Federal, Fed, Traders, Bank of Japan, Legal, General Investment Management, New Zealand Locations: Tokyo, Asia, Pacific

How to watch the Olympics Opening Ceremony in the USThe Olympics Opening Ceremony will air live at 1:30 p.m. Check price at FuboHow to watch the Olympics Opening Ceremony in the UKThe Olympics Opening Ceremony will air on BBC One, which means that British viewers will be able to live stream the ceremony for free through BBC iPlayer. How to watch the Olympics Opening Ceremony in AustraliaThe Olympics Opening Ceremony will live stream for free on 9Now in Australia. How to watch the Olympics Opening Ceremony in FranceFrance.TV is the French home of the Olympics Opening Ceremony. Enjoy the Olympics Opening Ceremony.

Persons: We've, LeBron James, Coco Gauff, Peacock, we've, ExpressVPN Organizations: Business, Paris Olympics, of Nations, US, Eiffel, NBC, Fubo, BBC, Eurosport, Discovery Locations: Paris, United States, Australia, France, 9Now, France.TV

☆ A massive tech sell-off and small-cap rally are just getting started. Make 5 investments to avoid missing out.
▼ + stars: | 2024-07-26 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Small caps should also get a boost from interest rate cuts, which typically translate to disproportionately large gains for the group. That helps confirm what investors are realizing: small caps are the place to be. When large caps sneeze, the market catches a coldThe small-cap breakout has coincided with large technology stocks breaking down. Small caps also tend to have less of an international presence than their larger peers, so they don't miss out as much when converting overseas profits to dollars. The small-cap index is closely tied to economically sensitive parts of the market, which should continue to participate in this rally.

Persons: —, chartmaster, BMO Capital Markets David Keller, who's, Russell, David Keller, StockCharts.com, Keller, you've, he'd, Keller didn't Organizations: Service, Tech, Nvidia, Meta, Business, BMO Capital Markets, BMO Capital, BMO, Therapeutics, Myriad Genetics, Holdings

☆ An engineer who lived in NASA's Mars simulation for 378 days went through extreme isolation — but still said he'd go to the red planet for real if he could
▼ + stars: | 2024-07-26 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Not just anyone can live on MarsThe CHAPEA crew celebrates the birthday for Ross Brockwell, left, inside the habitat. Luckily for the CHAPEA crew, everyone got along well and became close even before they set foot in the habitat, Brockwell said, which helped reduce the sense of isolation. Homesickness is realThe 1,700-square-foot CHAPEA habitat contains individual living quarters for four volunteer crew members. But you might fall in love with itA CHAPEA crew member participates in a simulated "Marswalk" inside a 1,200-square-foot sandbox to mimic the Martian landscape. Despite the challenges he faced during the simulation, Brockwell would love to visit Mars for real someday.

Persons: —, Ross Brockwell, he'd, Brockwell, Patience, it's, Bill Stafford, wasn't, Gene Kranz's, Scott Kelly, James M Organizations: Service, NASA, Business Locations: Houston

☆ Snoop Dogg, NBC’s New Voice of the People
▼ + stars: | 2024-07-26 | by ( Emmanuel Morgan | ) www.nytimes.com time to read: 1 min

Once Snoop Dogg had waded through electrical cords on the floor and ambled his lanky frame around the disorderly equipment in a partially constructed television studio in Paris, he was able to peer out over a balcony overlooking the Eiffel Tower and survey the city he hopes to conquer during the Olympics. “This is my home,” he said triumphantly to himself. Below, a handful of people flashed their phones. The man who NBCUniversal hopes will become the breakout star of the Paris Games was right where he wanted to be. The Olympics are always about the athletes, and as usual the focus this year will be on the brightest ones: Simone Biles, Katie Ledecky, Noah Lyles, Novak Djokovic, LeBron James.

Persons: Snoop Dogg, ”, Simone Biles, Katie Ledecky, Noah Lyles, Novak Djokovic, LeBron James Organizations: Paris Games Locations: Paris

☆ Nvidia could be on the verge of a massive technical sell-off, chart analyst warns
▼ + stars: | 2024-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Nvidia 's slump is hitting some technical milestones that suggest the stock could continue to slide, according to Raymond James. Raymond James chart analyst Javed Mirza said in a July 25 note to clients that Nvidia has triggered a "mechanical sell" signal based on a moving average convergence/divergence indicator, or " MACD ," which measures price momentum — and it is not the only technical signal flashing sell. The key level to watch is Nvidia's 50-day moving average, currently around $118 per share, according to Mirza. "A multi-day close below important technical support at the 50-day moving average … would confirm a new short-term corrective phase was underway. If that view spreads to executives at Big Tech companies such as Alphabet, it could result in new orders for Nvidia slowing down.

Persons: Raymond James ., Raymond James, Javed Mirza, Mirza, — CNBC's Michael Bloom Organizations: Nvidia, Big Tech

☆ No, Taylor Swift isn't in 'Deadpool & Wolverine.' Here's why Swifties and Marvel fans were convinced she'd make an appearance.
▼ + stars: | 2024-07-26 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

The Grammy-winning singer later cast "Deadpool & Wolverine" director Shawn Levy as the dad in her "All Too Well" short film, which was released in November 2021. Following the success of "Deadpool" (2016) and "Deadpool 2" (2018), Reynolds confirmed that a third installment was in the works in 2019. Rumors intensified when production began on 'Deadpool & Wolverine'Hugh Jackman and Ryan Reynolds will star in "Deadpool 3." Gotham/GC ImagesLevy then played coy about the possibility of Swift being in "Deadpool & Wolverine." AdvertisementJust before the release of "Deadpool & Wolverine," Reynolds told E!

Persons: —, Taylor Swift, Swifties, Ryan Reynolds, Reynolds, He's, Swift, Blake Lively, who's, they've, Meredith, Olivia, Shawn Levy, Levy, Guy, Jackman, Logan, Wolverine, She's, Hugh Jackman, Monica Schipper, Dazzler, Simon Kinberg, James McAvoy, Sophie Turner, Lively, Jim McIsaac, Travis Kelce, TheWrap, That's Taylor, she's Organizations: Service, Marvel, Business, Entertainment, Swift, Netflix, Reynolds, NFL, Kansas City Chiefs, New York Jets, Chiefs, coy, SAG Locations: New York, Village

☆ How Visa employed artificial intelligence to check $40 billion in fraud as scammers also take to AI
▼ + stars: | 2024-07-26 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Payments giant Visa is using artificial intelligence and machine learning to counter fraud, James Mirfin, global head of risk and identity solutions at Visa, told CNBC. The company prevented $40 billion in fraudulent activity from October 2022 to September 2023, nearly double from a year ago. Fraudulent tactics that scammers employ include using AI to generate primary account numbers and test them consistently, said Mirfin of Visa. We do about 300 billion transactions a year," Mirfin told CNBC. It's looking at a range of different attributes and we're evaluating every single transaction," Mirfin said.

Persons: James Mirfin, Mirfin Organizations: Visa, CNBC, PAN

Meanwhile, Redburn Atlantic initiated coverage of DoorDash with a buy rating and a price target implying upside of more than 60%. He also notched down his price target to $29 from $32, indicating 9.4% downside potential from Thursday's close. Analyst Vivek Arya reiterated his buy rating on the Dutch-based chipmaker in a client note on Thursday. He also cut his price target to $1.25 from $6.25, which was 7 cents below Thursday's close price. DASH YTD mountain AAPL year to date — Hakyung Kim 5:33 a.m.: Raymond James raises Apple price target Raymond James is getting more bullish on Apple ahead of earnings.

Persons: Raymond James, Michael Linenberg, Linenberg, Southwest's, — Hakyung Kim, BofA, Vivek Arya, NXP, NXPI, Arya, Davidson, Alexander Perry's, Perry, Morgan Stanley, International Morgan Stanley, Nathan Feather, Feather, Hakyung Kim, James Cordwell, Cordwell, EBITDA, Srini Pajjuri, Fred Imbert Organizations: CNBC, Apple, Southwest Airlines Deutsche Bank, Southwest Airlines, Revenue, NXP, Bank of America, EV, Harley, International, WW International, DoorDash Locations: U.S, China, Thursday's, 2H24

☆ She makes $550,000 a year. Her husband makes $60,000. Here's how it affects their relationship
▼ + stars: | 2024-07-25 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

Her husband, James, 39, is a freelance musician who earns around $60,000 a year. James said he wants to contribute more toward their lifestyle and retirement goals, but he knows he can't match-up financially. "Geena wants James to be engaged with money. "Taylor wants Steve to want more for himself, to become a financial partner in their relationship," Sethi said. "The solution is to fix your worldview of money and master your own money psychology," Sethi said.

Persons: Geena, James don't, James, I've, Ramit Sethi, Rich, I'm, Sethi, Taylor, Steve, it's, James isn't, James doesn't, he's Locations: New York

☆ Rupert Murdoch's succession plans just got a lot more like 'Succession'
▼ + stars: | 2024-07-25 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewAn intrafamily battle that could have been pulled straight out of the page of Jesse Armstrong's "Succession" has been playing out behind the scenes for the future of Rupert Murdoch's vast media empire. Lachlan, who is sometimes seen as a parallel to Roman Roy, as Business Insider's Madeline Berg reported, would likely preserve the political leanings of the media empire once he takes over. AdvertisementMurdoch's decision to give Lachlan control of his media empire has left the patriarch estranged from his three eldest children, according to the Times. None of the three children attended Murdoch's wedding to Elena Zhukova in June at his California vineyard, according to the Times report. Elisabeth left the media empire years ago in 2000, while Prudence is said to be the least involved in the business.

Persons: —, Jesse Armstrong's, Rupert Murdoch's, Rupert Murdoch, Lachlan Murdoch, Lachlan, — James, Elisabeth, Prudence —, Rupert, Roman Roy, Madeline Berg, James, Prudence, Murdoch, Elena Zhukova, Donald Trump Organizations: Service, Fox, News Corp, Fox News, Street Journal, The New, The New York Post, Business, The New York Times, Times, New Yorker Locations: The New York, Reno , Nevada, Nevada, California

☆ Jasper wildfire burns structures in a town in the Canadian Rockies’ largest national park
▼ + stars: | 2024-07-25 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

GRAND PRAIRIE, Alberta AP —One of two raging wildfires menacing the town of Jasper in the Canadian Rockies’ largest national park roared into town Wednesday and began burning buildings. Jasper National Park officials said the fire entered the southern edge of the community Wednesday evening and crews were battling multiple structural fires and working to protect key infrastructure. Forest firefighters and others without self-contained breathing apparatuses were told to evacuate to the nearby town of Hinton, with structural firefighters staying behind. Searchers looking through the backcountry trails of Jasper National Park already had picked up 245 people, and they continued the search Wednesday in two helicopters, Ellsworth said. Residents and visitors streamed out by the thousands late Monday and Tuesday, and officials said Wednesday the evacuation of the town of Jasper was complete.

Persons: James Eastham, “, ”, Jasper, –, Justin Trudeau, Danielle Smith, Katie Ellsworth, Carolyn Campbell, perimeters, Ellsworth, Crews, Marilyn Monroe, wasn’t, Leanne Maeva Joyeuse, “ We’re, ” Joyeuse Organizations: PRAIRIE , Alberta AP, Canadian Rockies, Jasper National, Parks Canada, Pipeline, Jasper National Park, Canadian Press, United Nations, Hollywood, Residents Locations: PRAIRIE , Alberta, Jasper, Hinton, Alberta, Canada, Jasper , Alberta, ” Jasper

An “irrevocable” trust? Rupert Murdoch is showing yet again that real life can be more fascinating than fiction. It’s about control of a global media business with extraordinary political power, one that’s still trying to preserve its influence in America and elsewhere. The context: When Murdoch dies, control of the family’s companies, including the broadcaster Fox and the newspaper publisher News Corp, will be shared among his four eldest children via the trust. Under the arrangement, Prudence, Lachlan, James and Elisabeth will each get an equal say in how the businesses are run.

Persons: Rupert Murdoch, —, Jim Rutenberg, Jonathan Mahler, isn’t, Murdoch, Prudence, Lachlan, James, Elisabeth Organizations: Fox, News Corp Locations: Nevada, America

☆ 10 athletes to watch from Team USA at the Summer Olympics
▼ + stars: | 2024-07-25 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +11 min

Paris CNN —Competition is already underway in Paris for the 2024 edition of the Summer Olympics and Team USA is set to take to the River Seine Friday for the Opening Ceremonies. It was the biggest shock of the Tokyo Games and left many observers wondering if the career of one of the most incredible athletes of all time had just ended in a flash. Noah Lyles competes in the men's 200 meter semi-final on Day Eight of the 2024 U.S. Olympic Team Track & Field Trials at Hayward Field on June 28, 2024 in Eugene, Oregon. Sha’carri RichardsonSha'Carri Richardson wins women's 200m heat in 21.99 for the top time during the US Olympic Team Trials at Hayward Field. Sophia SmithHeading to her first Olympics, Smith is the leading light of a new generation of stars for the US Women’s National Team.

Persons: Simone Biles Simone Biles, Laurent Landi, Matthias Hangst, Biles, isn’t, –, LeBron James It’s, James –, James, LeBron James, Altaf Qadri, James ’, Coco Gauff, Katie Ledecky, Ledecky, Sarah Stier, Noah Lyles He’s, Noah Lyles, Patrick Smith, Jamacia’s Kishane Thompson, Thompson’s countryman, Usain Bolt, Sha’carri Richardson Sha'Carri Richardson, Kirby Lee, Richardson, Caeleb Dressel, Dressel, USA's Caeleb Dressel, Jonathan Nackstrand, he’s, It’s, Sophia Smith, Smith, it’ll, Tierna Davidson, Jason Mowry, Sunisa Lee, Sunisa, Lee, Jamie Squire, A’ja Wilson Wilson, Caitlin Clark, Angel Reese, A'ja Wilson, Derek White, Wilson –, Clark, Wilson, Paris, Sydney McLaughlin, McLaughlin, Levrone, Charlie Neibergall, Femke Bol, Bol Organizations: Paris CNN —, Summer Olympics, Team, Team United States, FIG, Antwerp, Olympics, Tokyo Games, US, Athens Games, Los Angeles Laker, Australia, United, United Arab Emirates, Northside Swim Center, Team USA, Games, Olympic, Hayward Field, US Olympic, Hayward, USA, Reuters, Tokyo, Tokyo Aquatics, Getty, National Team, Portland Thorns, Canada, Russian, Las Vegas Aces, Atlanta, Gateway Center, College Park ,, U.S Locations: Paris, France, Antwerp, Belgium, Tokyo, Rio de Janeiro, Athens, Abu Dhabi, United Arab, USA’s, San Antonio , Texas, Eugene , Oregon, AFP, United, United States, American, College Park, College Park , Georgia, Eugene ,

☆ Coco Gauff still can’t wrap her head around the honor of being Team USA’s flagbearer
▼ + stars: | 2024-07-25 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +3 min

Gauff will serve as flag bearer alongside basketball superstar LeBron James – a role she has yet to truly wrap her mind around. “I don’t know when I’m going to meet him, but I’m already stressed about it really,” Gauff told CNN’s Coy Wire. She’s one of the faces of Team USA in Paris and says she’s finding the experience a little bizarre. “It took a while for it to sink in, (it still hasn’t really) sunken in,” Gauff told Wire just hours ahead of her big moment. “So many people are coming up to say congratulations, not just from Team USA but from other sports and countries as well.

Persons: Paris CNN — Coco Gauff, LeBron James –, ” Gauff, CNN’s Coy, “ I’ve, There’s, Simone Biles, Katie Ledecky, she’s, Wire, Gauff, “ Organizations: Paris CNN, Summer, Paris Games, Tokyo Games, Team USA, USA Locations: USA, Paris, “

☆ John Hinckley Jr. and the Madness of American Political Violence
▼ + stars: | 2024-07-25 | by ( Mark O Connell | ) www.nytimes.com time to read: +2 min

The federal court that granted his release did so on certain conditions. In 2022, not long after his mother died, the last of those restrictions were lifted. Hinckley had by then opened a Twitter account and amassed thousands of followers. !” His following grew, and he quickly began to use his platform to release music and promote upcoming gigs. But every single one of them was canceled before he could play, as a result of backlash, including anonymous threatening emails, received by the venues.

Persons: Ronald Reagan, Jodie Foster —, John W, Hinckley Jr, Jo Ann, Hinckley, Ronald Reagan —, Timothy McCarthy, Thomas Delahanty, James Brady Organizations: Secret Service Locations: St, Washington ,, Williamsburg, Va

☆ It's the end of budget airlines as we know them
▼ + stars: | 2024-07-25 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +5 min

Read previewBudget airlines are upending many of their original business plans as increased costs wreak havoc on their bottom lines. On Thursday, Southwest Airlines announced the end of its open seating policy, a 50-year practice of letting passengers choose their seats based on their boarding order instead of having one pre-assigned. Budget flying has been moving in this direction for yearsThe industry's sea change has left budget carriers scrambling to increase revenue without turning away customers, prompting major policy changes. Other budget airlines have been similarly evolving their business models in recent years. Frontier Airlines and Spirit Airlines, for example, ditched most cancellation and change fees for ticket holders.

Persons: —, Savanthi, Raymond James, Henry Harteveldt, Scott Kirby, Bob Jordan, Jordan, I'm Organizations: Service, Southwest Airlines, Business, Frontier Airlines, Spirit Airlines, JetBlue, Spirit, United Airlines, CNBC Locations: Southwest

☆ Secret family battle for Murdoch empire revealed in sealed court documents: NYT
▼ + stars: | 2024-07-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +5 min

CNN —The Murdoch family, famous for helming one of the world’s most influential news empires, is locked in a secret court battle over succession and control, according to a New York Times report citing sealed court documents. By granting control to only Lachlan, Murdoch is arguing in court, he is protecting the companies’ value – which then benefits all his heirs, according to The Times. He began learning the family business at a young age and rose quickly through the ranks. Rupert Murdoch with his sons Lachlan (left) and James (right) attending his wedding to Jerry Hall in London on March 5, 2016. While apparently considered the most similar to Rupert, Elisabeth has struggled to advance in the family business.

Persons: Murdoch, Rupert Murdoch, ”, Rupert Murdoch’s, – Lachlan, James, Elisabeth, Prudence –, Lachlan, –, Prudence, Jerry Hall, Max Mumby, James –, Joe Biden’s, Kathryn, Rupert, Logan Roy, Jim Rutenberg, ” Rutenberg Organizations: CNN, New York Times, Fox Corporation, News Corporation, Street, New, New York Post, Forbes, Fox Corp, News Corp, The Times, Times, Lachlan, Fox News, Democratic, Republican Party, Disney Locations: New York, London, Australia, “

☆ Setting aside $10 a day could help you save over $1 million for retirement—but you have to start early
▼ + stars: | 2024-07-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Although the thought of saving $1 million or more by the time you reach retirement age may seem overwhelming, the process doesn't have to be — especially if you start early. Instead of focusing on the total, try paying attention to your savings rate, which is the percentage of your annual pre-tax income you're contributing to your retirement investment account. But your savings rate is something you can control. Fidelity recommends a savings rate of at least 15%, inclusive of any employer match. To that point, you can begin your retirement savings journey by setting aside just $10 a day, or $70 a week.

Persons: it's, James Royal Organizations: Fidelity, CNBC

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