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But a group of e-cigarette users are suddenly finding themselves with a little extra cash, thanks to a massive class action settlement involving one of America's tobacco giants. In online forums and on social media this week, users of Juul Labs nicotine products have been posting screenshots of online deposits for hundreds and sometimes thousands of dollars that they now have access to. Juul agreed to a settlement in 2022, but the Altria settlement, which was needed to kickstart payouts, was not approved until earlier this year. And it was only this month that claims for the approximately 842,000 eligible Juul customers began to be verified. Vaping remains mired in controversy in the U.S., as e-cigarette companies and federal regulators continue to haggle over the products’ health effects and marketing guardrails.

Persons: Juul, Altria, Vaping Organizations: Food and Drug Administration Locations: Juul, U.S

☆ China's $114 billion stimulus package immediately boosted its stock market. But can it last?
▼ + stars: | 2024-09-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

AdvertisementUS financial firms' interest in China was on its last legs, but a new stimulus package has some investors excited again. The immediate impact of China's $114 billion package, which includes cutting interest rates and reducing the amount of money banks need to keep in reserve, has been big. Traders, investors, and speculators have sent China's stock market to its best month in nearly a decade , signaling that the market players think that Beijing's moves are a "bazooka." Our annual list of Wall Street rising stars is here. According to a new report from The Wall Street Journal, executives attempted to woo the AI researcher back before rescinding the offer.

Persons: —, Andres Martinez Casares, Alyssa Powell, Linette Lopez isn't, Linette, Jon Hicks, that's, David Tepper, He's, Tepper, Pan Gongsheng, BI's Filip De Mott, Wall, Natalie Ammari, Crypto, Donald Trump, Kamala Harris, Marc Piasecki, Tyler Le, who's, OpenAI execs, Ilya Sutskever, it's, Tara Anand, aren't, Jerome Powell, Ryan Routh, El Chapo, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Traders, Bank of China, bros, Trump, Getty, Houston Chronicle, Hearst Newspapers, Elon, Wall Street Journal, Netflix, Longshoremen's Association, National Association for Business Locations: China, New York, London, Chicago

☆ Tesla needs to figure out how to sell cars. Its salespeople say it's stuck in the past.
▼ + stars: | 2024-08-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +10 min

The company's sales team has been struggling to adapt to a much different market, according to 14 current and former employees from Tesla's sales division in North America. The carmaker is also attempting to fix a spate of bad publicity surrounding its CEO, Elon Musk — all with little in the way of advertising initiatives or traditional sales strategies. The electric-car maker made its mark by breaking industry standards with its ad-free, direct-to-consumer sales model. Now, some of Tesla's sales staff believe it's time for the company to begin acting like a traditional automaker. Musk has been vague about when a new, more economically priced Tesla model would hit the market, saying only that it could happen in 2025.

Persons: —, Tesla, Elon Musk, What's, Musk, shouldn't, Tesla backpedaled, Brian Moody, Autotrader Organizations: Service, US EV, Business, Tesla Locations: North America

☆ GM has a secret to help sell its new EVs. It's Costco
▼ + stars: | 2024-06-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +8 min

Costco Auto has facilitated more than 500,000 vehicle sales annually over the past five years on average, according to Jay Maxwell, Costco Auto Program general manager responsible for strategic partnerships. GM declined to disclose how many Costco customers have purchased GM vehicles through the program. EV interestA growing number of vehicle sales made through Costco Auto are of electric vehicles, Costco said. In addition to GM, Costco Auto has partnered with Volvo, including its Polestar EV startup brand, Audi and others over the years. The Costco Auto Program was initially part of wholesale competitor Price Club, which merged with Costco in 1993.

Persons: Kena, Motors, it's, Marissa West, Michael Wayland, Jay Maxwell, Maxwell, Mary Barra, That's, Cox, Scott Mlyn, Julie Craig, –, Melissa Repko Organizations: Costco, Corbis, Getty, DETROIT —, Costco Wholesale, Detroit automaker, Costco Auto Program, EVs, Chevrolet, Chevrolet Blazer, GM North America, CNBC, U.S, Costco Auto, Canada, Ford Motor, Volkswagen, Brands, Lithia Motors, AutoNation, GM, EV, Volvo, Audi, CNBC Costco Auto, Cadillac, Industry, Cox Automotive, Dealers, New York Auto Show, Price Club Locations: Teterboro , New Jersey, CNBC, U.S, Detroit, Canada

☆ EV slump, Hertz fire sale take used Teslas to 'no haggle' $25,000 price
▼ + stars: | 2024-06-06 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Also, some used EVs are eligible for up to $4,000 in federal tax credits , and several states offer tax credits or rebates. Although as with buying any used car — from manufacturers and independent dealers, online marketplaces or private owners — there are pros and cons. The Hertz Car Sales website "Shop EVs" button recently listed 1,475 of the 1,638 used EVs listed as "Hertz Certified." A March study by automotive research firm iSeeCars found that the average used car price was down 3.6% from last year, though used EV prices had plummeted 31.8%, equating to $14,418 in value. A follow-up question — "Can you tell me about 2022 Tesla Model 3s being sold by Hertz Car Sales?"

Persons: Hertz, —, iSeeCars, Elon, Karl Brauer, Brauer, Yossi Levi, Guy, Tesla, Carvana, Edmunds, ChatGPT, Hertz's, Matt Quinn, CarGurus, Eugene Park Organizations: Hertz, EV, Hertz Global Holdings, U.S, Bolts, Car, Hertz Tesla, Tesla, ChatGPT, Hertz Car Locations: U.S, Massachusetts, Colorado, Edmunds, CarGurus

☆ What Did Jenna Lyons Sell at Her Stoop Sale?
▼ + stars: | 2024-06-05 | by ( Anna Kodé | ) www.nytimes.com time to read: +1 min

On the third floor of a building in SoHo, Jenna Lyons sat frantically scrubbing a pair of Lanvin shoes. “When I moved to Brooklyn, that was the first time I’d ever seen a stoop sale. The event ended up being a much larger, more stressful production than a typical New York stoop sale — and it didn’t take place on a stoop. Ms. Lyons had to institute a cover charge to help manage the crowd, and a “Real Housewives” film crew was present asking visitors to sign waivers. At first, Ms. Lyons said she pushed back against the filming — “I was like ‘please no, I just want to have a sale.’”

Persons: Jenna Lyons, ”, “, haggle, Lyons, ’ Organizations: Housewives, New, New York City Locations: SoHo, New York, Brooklyn, California

☆ How Amazon won over skeptical advertisers to get Prime Video off to a strong start
▼ + stars: | 2024-04-23 | by ( Lucia Moses | Lauren Johnson | ) www.businessinsider.com time to read: +5 min

Amazon is also staffing up for Prime Video sales teams, recently hiring ad veteran and former NBCUniversal sales exec Krishnan Bhatia as VP of global video advertising for Amazon Ads. Advertisers' initial reaction to Prime Video ads was mixedAdvertisers reacted with a mix of excitement and skepticism when Prime Video entered the TV ad market last year. Amazon estimated Prime Video ads would reach 115 million monthly viewers in the US. AdvertisementBut the skepticism was short-lived as Amazon set Prime Video up for success in several ways. Amazon will also have to start regularly sharing data showing advertisers how many people are actually watching Prime Video and for how long.

Persons: —, Krishnan Bhatia, Amazon, It's Organizations: Service, Business, YouTube, Hulu, Amazon, Comcast, Disney, Etihad, Best, Samsung's, Prime, Amazon Ads, Netflix, Street Journal

☆ A homebuyer's guide to the real-estate revolution
▼ + stars: | 2024-04-23 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Real-estate agents' commissions have fluctuated between 5% and 6% of the sale price for decades, despite advances in technology and an influx of agents. The recent lawsuits, which accused the NAR and some of the country's largest brokerages of conspiring to keep agents' commissions unfairly high, could signal the start of a new era. If sellers aren't paying out commissions to buyers' agents, buyers themselves could end up on the hook. For example, what happens if the seller isn't willing to pay the buyer's agent's commission? In most states, the buyer's agent can technically just rebate that extra money to their client.

Persons: Austin Whitt, Whitt, —, I've, Steve Brobeck, Sabrina Brown, they've, Michael Warren, Sellers, Prentiss Cox, it'll, you've, doesn't, Jack Ryan, Ryan, homebuying, Rob Hahn, Wendy Gilch, Gilch, I'm, it's, David Dworkin, Dworkin, Cox, It's Organizations: Realtors, National Association of Realtors, NAR, Consumer Federation of America, Getty, University of Minnesota, MLS, Consumer Federation of, National Housing Conference, Justice Department Locations: Tennessee, Nashville, America, North Carolina, United Kingdom, Australia

☆ Homebuyers' Biggest Mistake: Waiting for Mortgage Rates to Fall
▼ + stars: | 2024-03-27 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Then, as the Federal Reserve began its battle against inflation in 2022, mortgage rates shot up, eventually hitting a 20-year high in October. Over the past decade, there's been a clear correlation between mortgage rates and inventory: When mortgage rates fall, the number of available homes for sale at a given moment shrinks. So, yes, waiting it out until mortgage rates decline sure seems appealing. The Federal Reserve has signaled that it plans to drop borrowing rates this year, which would likely push down mortgage rates. Advertisement"People are focusing on mortgage rates because every week they hear about mortgage rates changing," Doerner of the FHFA told me.

Persons: swiping, there's, Mike Simonsen, Freddie Mac, CoreLogic, —, homebuyers, Redfin, John Burns, Alex Thomas, There's, Will Doerner, Doerner, They're, Simonsen, it's, Jerome Powell Organizations: Federal Reserve, Buyers, Altos Research, Bank of America, John, John Burns Research, Consulting, Federal Housing Finance Agency, Federal, Fed

☆ 36 Hours in Marrakesh, Morocco
▼ + stars: | 2024-02-08 | by ( Seth Sherwood | ) www.nytimes.com time to read: +4 min

Leave Jemaa el Fna — the huge, chaotic, carnivalesque marketplace seen on every postcard — to the cobra charmers, hustlers and package-tour throngs. In the early 20th century, Thami el Glaoui, the onetime ruler of Marrakesh — known as the bacha in local Arabic — was a legend. The Islamic decorative arts find dazzling expression inside the Medersa Ben Youssef, a centuries-old religious school adorned with some of the finest craftsmanship in Morocco. Follow the buttery scent of leather to a passage called Derb el Hammam in Souk Smata, the leatherworking area of the medina. Sunlight filters through the overhead slats of the stalls, illuminating belts, bags, jackets, ottomans and slippers known as babouches — a favorite Morocco souvenir (prepare to haggle).

Persons: Fna, You’ll, Bab Doukkala, Malak Nafy, It’s niched, Hassan Hajjaj, Andy Warhol, Thami el, —, Rue Fatima Zahra, Maison Reine, Naelle, Ben Youssef, el Fna Organizations: Bab, Rue Dar el, of Confluences, Rue Fatima, Franco Locations: Medina, Bab, Rue, Moroccan, Marrakesh, el Bacha, medina, ”, Algerian, artfully, Morocco, Hammam, Souk Smata

☆ Why NYC's Airbnb ban is 'a slap in the face to people like me'
▼ + stars: | 2023-11-14 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

A New Yorker rented out their spare bedroom on Airbnb for years, bringing in up to $4,000 a month. Under NYC's new short-term-rental rules, they didn't qualify for a license but are still renting. But the ban is a slap in the face to people like me. I got a notification this summer in the Airbnb profile that I had to apply for a license by September 5. I still have it listed on Airbnb for month-long stays, but short-term stays are how you make money.

Persons: —, it's, I've, Airbnb, I'm, That's Organizations: Yorker, Service, New, New York City, Craigslist Locations: New York, New York City, California

WASHINGTON (AP) — When President Joe Biden meets Chinese leader Xi Jinping on Wednesday, there will be no such thing as a small detail. Biden and Xi will meet while both attend next week's Asia-Pacific Economic Cooperation summit in San Francisco, but even basic information has remained closely guarded. That recalls Biden's nearly three-hour meeting with Xi before the start of last year’s G-20 summit in Bali. The Chinese attach importance to the location, which this time may be more like Sunnylands than Anchorage, where top U.S. and Chinese officials held rather tense 2021 talks. Hillary Clinton's 1995 Beijing visit turned heads for a different reason when she declared that “human rights are women’s rights, and women’s rights are human rights."

Persons: Joe Biden, Xi Jinping, Beijing’s, Bonny Lin, Biden, Xi, China’s, Biden's, Victor Cha, ” Cha, Richard Nixon, Barack Obama, Obama, Donald Trump, Bonnie Glaser, Xi's, Ryan Hass, John L, Hass, George H.W, George H.W . Bush, Fang Lizhi, “, Hillary Clinton's, Laura Bush's, Sasha Obama, Hu Jintao, Malia, Michelle, Michelle Obama, Colleen Long Organizations: WASHINGTON, China Power, Center for Strategic, International Studies, Economic Cooperation, White House, San, Communist Party, Asian Affairs, White, National Security Council, APEC, Mar, German Marshall Fund, Thornton China Center, Brookings Institute, Olympics, The New York Times, Press Locations: Washington, Asia, San Francisco, Bali, China, United States, Sunnylands, Rancho, Palm Springs , California, Lago, ”, Anchorage, Texas, Beijing, George H.W ., Thailand, Myanmar, The

CNN —Abortion rights are on the ballot Tuesday as Americans head to the polls for state and local races that will set the stage for next year’s presidential election. (Both oppose abortion rights.) Abortion (literally) on the ballot in OhioThe 2022 midterm elections showed that when abortion rights are on the ballot, voters overwhelmingly favored protecting or expanding access. This is the only abortion rights ballot initiative before voters this year. Though not explicitly on the ballot, abortion has featured prominently in the campaign, with Beshear arguing that Cameron will double down on the commonwealth’s already harsh restrictions.

Persons: Roe, Wade, Tate Reeves, Democrat Brandon Presley, Reeves ’ foibles, Elvis Presley, –, Former City Councilmember Cherelle Parker, Sheila Jackson Lee, Sen, John Whitmire, Gabe Amo, Republican Gerry Leonard, David Cicilline, Glenn Youngkin, Youngkin, He’s, he’s, what’s, don’t, hasn’t, Court’s Dobbs, Mike DeWine, —, Andy Beshear, Daniel Cameron, Beshear, Cameron, John Fetterman, Mehmet Oz, Daniel McCaffery, Max Baer, Carolyn Carluccio, Brett Favre, Brandon Presley, Presley, Reeves Organizations: CNN, Democrats, Republicans, Court, Democrat, Republican Gov, Former City, Republican, Democratic, Rep, House, Virginia Gov, Senate, Delegates, PAC, Kentucky, Kentucky Kentucky Gov, GOP, Trump, Beshear, Black Republican, Pennsylvania Democrats, NFL, Mississippi Public, Black, Southern Democrats, Southern Democrat, NJ Democrats, New York GOP, New Jersey Legislature, New York City Council Locations: Kentucky , Pennsylvania, Virginia, Ohio, Ohio –, Mississippi, Pennsylvania, New Jersey, New York, Philadelphia, Houston, Rhode Island, state’s, Richmond, Kentucky Kentucky, Kentucky, Southern, Presley . Mississippi, NY, Gotham

☆ Neopets is under new management and planning a comeback in a vastly different era of gaming
▼ + stars: | 2023-11-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +10 min

Since buying Neopets, Law said his team is in the process of restoring those minigames and modernizing them to enhance the experience. Competing in the current metaWhile Law is optimistic, he is aware that Neopets was born in a different era of video gaming. For Neopets, Law said the merch business would include both physical, like plushies and clothing, and digital, such as in-game purchases. In 2024, Law's team is planning to launch World of Neopets, a 3D simulator game that will utilize the existing Neopets world, but in a modern gaming environment. Does this mean that new Neopets games will replace the 24-year old Neopets.com?

Persons: Dominic Law, Neopets, Neopets …, Jakub Porzycki, NetDragon Websoft, Law, we've, John Legend, Kass Basher, Mickey Mouse Organizations: Neopets, Koelnmesse, CNBC, Gamescom, Law, Getty, Nurphoto, Adobe, Activision, Monopoly Locations: Asia, Singapore, asia, Canada, Hong Kong, Gamescom Asia, that's, Krakow, Poland, Neopets, U.S

☆ 'Is everyone alive?' Our family WhatsApp is where 17 relatives confirm they're OK
▼ + stars: | 2023-10-26 | by ( Abeer Ayyoub | ) www.businessinsider.com time to read: +14 min

A week into the bombardment of Gaza, I set up a WhatsApp group for my Palestinian family to confirm each morning they're all still alive. Fatin, a Hebrew/Arabic translator, lives in the Al-Burij camp, very close to the Israeli border, and she's the only one outside of Gaza City. From Istanbul, Abdullah and I watched on Al Jazeera as places with cherished memories in Gaza City were destroyed live on air. AdvertisementAdvertisementMy parents live in a five-story building in the middle of Gaza City that my father had built 40 years ago. She told me that Israel had announced that 1 million civilians in northern Gaza, including Gaza City, should evacuate within 24 hours.

Persons: Ne'ama, I've, Abdullah, Siham, Yazmina, squinting, Maria, Ascia, Fatin, Tal Al, it's, Muhammad Ghanem, — Hussam, Hatem —, Hazem, we'd, Israel, —, Hazam's, Farah, Yasmeen, Sophia, Hammoud, he'd, Hanadi, Waleed Organizations: Hamas, Al, Israel Defense Forces Locations: Gaza, Gaza City, Europe, Jordan, Turkey, Istanbul, Israel, Jazeera, Al Jazeera, Al, Hawa, Gaza's, Siham

☆ Western rival to Belt and Road has much to prove
▼ + stars: | 2023-09-25 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

LONDON, Sept 25 (Reuters Breakingviews) - Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world. U.S. President Joe Biden has been talking up the West’s so-called Partnership for Global Infrastructure and Investment (PGII). To be fair, the G7 is stepping up efforts to involve the private sector. These initiatives are running in parallel with efforts to get the World Bank to cooperate more with the private sector. For developing countries, it is good to have two rival infrastructure initiatives competing for their attention.

Persons: Joe Biden, PGII, marshall, It’s, Hung Tran, Janet Yellen, Antony Blinken, Jordan, Xi Jinping, Vladimir Putin, Peter Thal Larsen, Katrina Hamlin Organizations: Reuters, Initiative, Group, Democratic, Global Infrastructure, Investment, Atlantic Council, coy, Treasury, European, Bank, United Arab, China, Thomson Locations: Italy, Republic, India, Europe, Zambia, Angola, Democratic Republic of Congo, Indonesia, Vietnam, South Africa, Senegal, United States, China, East, New Delhi, Indonesian, New York, Saudi Arabia, United Arab Emirates, Beijing

☆ Cairo: The capital of capitals evolving in the shadow of ancient mysteries
▼ + stars: | 2023-09-13 | by ( Richard Quest | Joe Minihane | ) edition.cnn.com time to read: +9 min

CNN —There are cities, there are capitals and then there is Cairo. Chaotic, enchanting and magnificent, the Egyptian capital is awe inspiring and home to a raw energy that’s all its own. A world-class museumThe Grand Egyptian Museum has been decades in the making. Fadel Dawod/Getty ImagesAway from the bustle of central Cairo is something equally, quintessentially Egyptian. Close to Aswan, around 140 miles south of Luxor, lies Philae, an ancient temple with an equally amazing modern history.

Persons: Khan el, Sui Xiankai, Karim El Hayawan, “, ”, El Hayawan, ” El, –, Fadel Dawod, Tayeb Abbas, King Ramses II, Abbas, you’ve, Luke Mackenzie, Tutankhamun, Dr, Betsy Hiel, she’s, Egypt’s, Hiel, Aznar, iStock, “ Philae, Monica Hanna, Hanna, Peter Adams, Isis, Philae Organizations: CNN, Getty, Egyptian, GEM, Kings, UNESCO Locations: Cairo, Xinhua, Luxor, Giza, Salvador, Aswan, Philae, Egypt

The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Also interested are the politically non-affiliated Italian central banker Daniele Franco, Poland's right-wing former Finance Minister and current EIB Vice President Teresa Czerwinska, and Sweden's socialist former Energy Minister and also current EIB Vice President Thomas Ostros. "We can say we are really spoilt for choice because all the candidates are excellent," German Finance Minister Christian Lindner told reporters on Thursday. The EIB is the lending arm of the EU and is active in 160 countries offering loans, guarantees, equity investments and advisory services. Germany's Deputy Central Bank Governor Claudia Buch and her Spanish counterpart Margarita Delgado are both in the running.

Persons: Eric Vidal, Vincent van Peteghem, Germany's Werner Hoyer, Margrethe Vestager, Nadia Calvino, Daniele Franco, Poland's, Teresa Czerwinska, Thomas Ostros, Christian Lindner, Central Bank Governor Claudia Buch, Margarita Delgado, Buch, Vestager, Emmanuel Macron, Richard Chang Organizations: European Investment Bank, Reuters, Rights, Belgian, Union, European Commission, Finance, Energy, European Central Bank, Germany's, Central Bank Governor, SSM, Thomson Locations: Luxembourg, Rights BRUSSELS, Italian, Spanish, EU, Paris, Spain

☆ The Great College Pricing Sham
▼ + stars: | 2023-09-10 | by ( James S. Murphy | ) www.businessinsider.com time to read: +21 min

I use quotation marks, because merit aid is granted to half the students at public colleges and 84% at private colleges. Today the average merit-aid discount at private colleges is $23,000 — leaving the student to cover the remaining $30,000 or $40,000. At four-year public colleges, tuition now accounts for 52% of operational revenue, versus 48% from state funding. To make college more accessible, we need to make greater public investments — at both the state and federal levels — in higher education. James S. Murphy is a higher education policy analyst at Education Reform Now.

Persons: Joe Biden, YouGov, Gen, Gen Zers, You'll, Pell Grant, Dominique Baker, —, Getty, Ben Sasse, who's, Sasse, David Feldman, William & Mary, Ford, Feldman, they're, Sandy Baum, It's, There's, Baum, They're, Josh Shapiro, Spencer Cox, shouldn't, James S, Murphy Organizations: Insider, Harvard, of California, Southern Methodist University, Ivy League, U.S . News, Honda, Porsche, University of Florida, McKinsey & Company, University of Oklahoma, University of Kentucky, Ford, Apple, Fordham, Appalachian, William &, Technology, West Virginia University, WVU, Urban Institute, Google, Reform, Twitter Locations: United States, Italian, Appalachian State, America, Pennsylvania, Utah

☆ One of the Biggest Cable Companies Says Cable TV Isn’t Working
▼ + stars: | 2023-09-01 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: +1 min

One of the biggest cable companies in the United States has a message for media companies: The traditional cable-TV model is broken, and it needs to be fixed or abandoned. Cable TV is too expensive for consumers and providers, Charter Communications, which has nearly 15 million pay-TV subscribers, said in a 11-page presentation to investors on Friday. The channels will not be available to Charter subscribers until both sides agree on how much Charter will pay Disney to carry its channels. Charter delivered a scathing indictment of the cable television industry, which has generated billions of dollars for companies like Disney and Charter for decades. It’s a notable acknowledgment from Charter, one of the companies that propelled much of that growth.

Persons: It’s Organizations: Cable, Charter Communications, Walt Disney Company, ESPN, FX, Disney, Charter Locations: United States

☆ ICE cuts tortuous path through frosty trustbusters
▼ + stars: | 2023-08-07 | by ( Jonathan Guilford | ) www.reuters.com time to read: +4 min

A screen displays the logo for Black Knight on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2022. The U.S. Federal Trade Commission agreed on Monday to drop a lawsuit against Intercontinental Exchange’s (ICE.N) $11.7 billion acquisition of mortgage technology provider Black Knight (BKI.N). ICE, as the New York Stock Exchange operator is known, said in May 2022 that it would snap up Black Knight for $13.1 billion. ICE’s Encompass processes nearly half of originations in the United States, with Black Knight’s Empower in second place, according to the FTC. ICE originally said on May 4, 2022, that it had agreed to buy Black Knight for $13.1 billion.

Persons: Knight, Brendan McDermid, Black, Lina Khan, Khan, litigate, Black Knight, Jeffrey Goldfarb, Oliver Taslic Organizations: New York Stock Exchange, REUTERS, Reuters, U.S . Federal Trade Commission, Intercontinental, Black, FTC, ICE, UnitedHealth, Change Healthcare, Exchange, Constellation Software, Thomson Locations: New York City, U.S, United States

☆ Congress Looks to Improve Air Travel Through F.A.A. Reauthorization
▼ + stars: | 2023-07-20 | by ( Kayla Guo | More About Kayla Guo | ) www.nytimes.com time to read: +1 min

Congress is working to overhaul air travel at a time of growing dysfunction and disruption in the system, as lawmakers haggle over a bill to reauthorize the Federal Aviation Administration for the next half-decade and make a number of changes that could affect passengers. Republicans and the airline industry largely oppose new regulations of the industry intended to strengthen consumer protections. And Washington-area representatives have said they would block the measure if it allowed for more long-distance flights in and out of Ronald Reagan Washington National Airport, just outside the capital. But the House dispensed with some of the major potential obstacles on Wednesday night. It narrowly rejected, 229 to 205, a bipartisan proposal to add seven new round-trip flights to Reagan National Airport, potentially smoothing the road to final passage.

Persons: Ronald Reagan Organizations: Federal Aviation Administration, Ronald Reagan Washington National Airport, Reagan National Airport Locations: Washington, Ronald Reagan Washington

☆ Get ready to make a deal for your ride. InDrive is bringing its ride-hailing-haggling business to the US again.
▼ + stars: | 2023-07-20 | by ( Nancy Luna | ) www.businessinsider.com time to read: +6 min

InDrive is a ride-hailing app that lets customers haggle with drivers for fares. Many drivers are Uber and Lyft contractors eager to check out inDrive's promise of letting drivers and passengers negotiate ride prices, Arsen Tomsky, inDrive's CEO and founder, said. In 2022, inDrive was the second most downloaded ride-hailing app globally, behind Uber, according to Data.AI. Though it started in Russia, inDrive fully separated from its Russian business last year after the country invaded Ukraine, the company said. In addition to ride-hailing, inDrive in other global markets has added new business segments, including freight delivery, task assistance, and package delivery.

Persons: Arsen, Tomsky, InDrive, haggle, inDrive, Arsen Tomsky, Siberia Tomsky, Uber, Catalyst, verticals Organizations: Service, Fort Lauderdale , West Palm Beach, Boca Raton, Taxi, Tomsky, Insight Partners, Bond Locations: Siberia, South Florida, Wall, Silicon, America, Asia, Miami, South Beach, Brickell, Fort Lauderdale , West Palm, New York City, New Yorkers, Pacific, Africa, haggling, Yakutsk, Siberian, Florida, Russia, Ukraine

☆ Used cars may never be cheap again — here's what you need to know about shopping for one right now
▼ + stars: | 2023-07-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

Sometimes shopping used can require even more research and preparation than shopping for a new car. Used car prices have been notoriously volatile since the pandemic and squeezes on inventory have allowed sellers of used cars to jack up prices based on urgent needs. While this option can be great for new car shopping if you're on a budget, used car leases can be dangerous. Even when buying a used car, warranties are an important part of used car shopping. If repair costs are a concern for you, consider purchasing an extended warranty on your used car.

Persons: you've, that's, Kelley Organizations: Morning, Companies, Hertz, Avis, Enterprise, CPO

☆ Warner Bros. Discovery's ad sales chief reveals how he'll tout flexible offerings and 6 new measurement deals to grab brand dollars from TV rivals
▼ + stars: | 2023-05-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Discovery ad sales chief Jon Steinlauf has a strategy to grab market share at the TV upfronts. WBD left money on the table at the 2022 upfront, Steinlauf said, and faces a soft 2023 ad market. Discovery's pitch to advertisers was all about the breadth of its newly merged portfolio of news, sports, and lifestyle entertainment. When it comes to WBD's Premiere package of top ad inventory, for example, ad sales chief Jon Steinlauf emphasized how advertisers could customize the mix of programming to meet their wants. Discovery debuted at an inopportune time, just a few weeks ahead of the biggest TV sales event of the year.

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