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The era of freeloading is officially over
  + stars: | 2024-08-12 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
But thanks to the fine-tuning of the tech that Corporate America uses to police subscriptions, those freeloading days are over. Costco and Disney this month took a page from the Netflix playbook and announced they are cracking down on account sharers. Disney’s streaming business — Disney+, Hulu and ESPN+ — only became profitable in the second quarter this year. Like Netflix, Costco is betting that you’re already emotionally invested in the routine and the satisfaction of getting a closet’s worth of toilet paper that can last the whole year. Last year, the store reported $4.6 billion in revenue from membership fees, and that accounts for the majority of its profit.
Persons: CNN Business ’, they’d, It’s Organizations: CNN Business, New York CNN, Thought Police, Costco, Netflix, America, Disney, Wall Street, Amazon, Apple, HBO, YouTube, Hulu, ESPN, Costco there’s Locations: New York
With cars being torched and mosques and hotels housing asylum seekers under attack, the riots that swept Britain over the past two weeks have posed the first direct challenge to the new prime minister, Keir Starmer. But even if the violence has subsided, for now, at least, the shocking scenes of disorder have underscored the scale of the task facing his government. That, analysts say, includes defusing tensions stoked successfully by far-right groups — over immigration and fraying public services — particularly in areas of Britain that have long been in economic decline. While opinion polls show the public clearly supports Mr. Starmer’s crackdown on violent protesters, “a lot of those people who see the rioters as thugs want immigration brought down,” said Steven Fielding, an emeritus professor of political history at the University of Nottingham.
Persons: Keir Starmer, Starmer’s, , Steven Fielding Organizations: University of Nottingham Locations: Britain
Global markets are cautiously rebounding from an early-August rout — and one asset manager says there's no need to fear a burst tech bubble causing a persistent downturn. "I just don't see a tech bubble. Pointing to the Nasdaq, Singh noted that on an equally-weighted basis — giving each stock the same weight regardless of market capitalization — the index is flat over the last three years. "So if you have 100 stocks and seven of them are doing well because they have delivered [on] earnings, that's fine. The tech sector's recent bull run has in part been powered by the so-called "Magnificant Seven" of Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla .
Persons: , there's, Wall, Manish Singh, CNBC's, Singh Organizations: Crossbridge, Nasdaq, Apple, Microsoft, Nvidia, Tesla
Turn to these dividend growers as the Fed cuts rates
  + stars: | 2024-08-12 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
As the Federal Reserve starts to cut interest rates, it makes sense that investors might turn to dividend stocks. In slow tightening cycles, fast dividend growers have outperformed slow growers and high yielders, the firm found in its analysis. The fastest growers are defined as the top 25% of the S & P 500 payers by trailing one-year dividend growth, while the slowest are the bottom 25%. We looked within the top 25% of S & P 500 dividend stocks by trailing one-year dividend growth. They also have a dividend yield of more than 2% and an upside of 10% or more to the average price target.
Persons: Ned Davis, Ed Clissold, Clissold, Prologis, SLB Organizations: Federal Reserve, Ned Davis Research, Ned, CNBC, CNBC Pro, Wall, Resorts, Equinix Locations: Real, Aker
Musk could "sacrifice some of the short-term interest in Tesla," Ward added, "if it'll satisfy the long-term interests of his ambitions." Musk and Tesla didn't respond to requests from Reuters for comment. The growing bond between Trump and Musk could be on display Monday night, when the Tesla boss is scheduled to interview the Republican candidate on X, Musk's social media platform. It's unclear exactly what ambitions Musk could seek to advance through his increasingly vocal rejection of progressive platforms – from EV subsidies to identity politics. A Reuters review of Congressional lobbying records – and Tesla's public comments to federal and state regulators – shows that the company has continued working to shape public policy in favor of such benefits.
Persons: Elon Musk, Samuel Corum, Donald Trump, Tesla, Biden, Trump, , Elon, Mike Murphy, Andrew Ward, Ward, Musk, Gavin Newsom Organizations: Tesla Inc, Bloomberg, Getty, Tesla, Republican Party, Democratic Party, U.S . Environmental Protection Agency, Republican, Reuters, Lehigh University, Trump, Democratic, U.S . Department of Energy, U.S . Department of, Treasury Locations: Washington , DC, U.S, California, Los Angeles, EVs, Fremont , California
Opinion | The Chaos in Britain Has Been Coming
  + stars: | 2024-08-12 | by ( Hibaq Farah | ) www.nytimes.com   time to read: +2 min
In the wake of the murder of three young girls in the northwestern town of Southport, England, riots erupted across the country. Seizing on misinformation about the suspect’s identity, far-right rioters embarked on a harrowing rampage, setting fire to cars, burning down mosques, harassing Muslims, looting stores and attacking hotels housing asylum seekers. Far-right extremists, emboldened by that government’s turn to migrant-bashing, have been waiting for the perfect chance to take to the streets. But the chaos has been coming. On TikTok, far-right users went live and called on one another to gather in protest.
Organizations: Conservative Locations: Southport, England, Britain, Wales
The connection between business credit cards and personal creditWhen you apply for a business credit card, the process largely looks the same as getting approved for a personal credit card. Failure to make payments, as well as other delinquent behavior on a business credit card, will impact your personal credit because of this personal guarantee clause. How business card usage affects personal creditBeyond the initial hard inquiry from an application, you may be curious to know whether using a business credit card will impacts your personal credit. The same rule applies to business credit cards — and the effects of business card defaults on personal credit scores can be detrimental. As with personal credit cards, applying for multiple business credit cards can impact your personal credit score.
Persons: isn't, That's, Experian, it's, that's, Stella Shon, Stella, LendingTree, you’d, Stella doesn’t, Experience Stella, Dolly, ExperienceExpertiseExperience Read Organizations: Ink, of America, Citi, Bank, Bank of America, Newsbreak, MSN, Yahoo, Aviation, Experience, University of North Locations: Wells, Wells Fargo, USA, Korea, Guatemala, Balearic, University of North Carolina, New York, North Carolina
SAO PAULO — Families of victims of an airliner crash in Brazil are gathering Sunday at a morgue and hotels in Sao Paulo as forensics experts work to identify the remains of the 62 people killed in the accident. Brazilian media said another four people were identified at the Sao Paulo morgue, which did not confirm the information. Metsul, one of Brazil’s most respected meteorological companies, said Friday there were reports of severe icing in Sao Paulo state around the time of the crash. Sao Paulo state government said 26 families have already attended the morgue for identification efforts, with more expected on Sunday. The ATR 72, which is built by a joint venture of Airbus in France and Italy’s Leonardo SpA.
Persons: Danilo Santos Romano, Humberto de Campos, e Silva, Voepass, Ratinho Júnior, Liz Ibba dos Santos, Luna, Tânia Azevedo, Tiago, , , Lito Sousa, ” Sousa, Marcelo Moura, Italy’s Leonardo Organizations: SAO PAULO —, Sao, Guarulhos, Airlines, ” Police, American Eagle, U.S . National Transportation Safety Board, U.S . Federal Aviation Administration, Associated Press, Airbus, Aviation Safety Network Locations: Brazil, Sao Paulo, Paulo, Vinhedo, Portuguese, Paraná, Venezuelan, Nepal, Guarulhos, Cascavel, Brasilia, France
CNN —Esteban Wood still remembers the time a 74-year-old Mexican farmer in Homestead, Florida, collapsed on the job from extreme heat. Such outdoor workers include lifeguards, transportation employees, ironworkers, agricultural workers and letter carriers. States like California, Colorado, Minnesota and Washington, have some heat protections for workers but they are not uniform or sweeping. For example, Minnesota’s protections only apply to indoor workers while California’s heat protections include both indoor and outdoor workers. The government must implement wage protections alongside heat protections, said Dr. Kristina Dahl, a principal climate scientist at the Union of Concerned Scientists.
Persons: CNN — Esteban Wood, Wood, Jose Delgado, Delgado, Bill, Greg Abbott, Rob DeSantis, Ana Gonzalez, , , Mario Tama, El Paso, Collyn Peddie, Travis, Peddie, Brian Renfroe, Eugene Gates Jr, Biden, Renfroe, Kristina Dahl, Dahl, it’s, ” Dahl, ” Veronica Carrasco, Carrasco, ” Carrasco Organizations: CNN, Texas Gov, Florida Gov, AFL, El, Carriers, Union of Concerned, Department of Labor, US Postal Service, Occupational Safety, Health Administration Locations: Homestead , Florida, Florida, Texas, Coachella , California, California, Coachella, California , Colorado , Minnesota, Washington, Houston, San Antonio, Houston’s, United States, Phoenix , Arizona, U.S, Honduran, Dallas, Honduras
AdvertisementBut for job seekers who are struggling, there are ways you can try to improve your odds. Related storiesHaller said job seekers should reply to a job posting within 24 hours "to at least have a shot to be in the mix." That's how long Haller said job seekers have "to capture somebody's attention by your résumé or by your profile." Haller said job seekers may want to see who they can contact at the company beforehand. Getz said "to be cautious about how often you're following up" because you're not the only job candidate a hiring manager is talking to.
Persons: , Leanne Getz, Stacie Haller, ResumeBuilder.com, Haller, Gabrielle Davis, I'm, Davis, company's, Getz, it's, I've, you've, doesn't Organizations: Service, of Labor Statistics, Business, LinkedIn Locations: mhoff@businessinsider.com
Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.
Persons: , Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim
Do Trump Fans Believe the Harris Hype? Not a Chance.
  + stars: | 2024-08-11 | by ( Shawn Mccreesh | ) www.nytimes.com   time to read: +1 min
This has not been the worst three weeks of Mr. Trump’s campaign. She was one of thousands of Montanans who had come out to Bobcat Stadium in Bozeman on Friday night to see Mr. Trump stump. “Trump has got it,” Ms. Whitney said breezily. In interview after interview, Mr. Trump’s supporters expressed a kind of cocky equanimity about the state of things. Or that Mr. Trump’s lead in the polls, and his fund-raising edge, had vanished.
Persons: Donald J, Trump, , , Tamara Whitney, Montanans, Johnny Cash, “ Trump, Ms, Whitney, breezily, Trump’s, Kamala Harris, Tim Walz Locations: Helena, Mont, Bozeman, Minnesota, Glendale, Ariz
By the end of this weekend, “Deadpool & Wolverine,” the latest film from Disney’s recently beleaguered Marvel Cinematic Universe franchise, will likely have surpassed $1 billion in worldwide ticket sales. This success would seem to be a win for audiences that want both big franchise movies and adult content. “Deadpool & Wolverine” is certainly not for kids. At its core, this new made-for-adults film is still just another big-budget franchise movie based on empty nostalgia and catering to childishness, if not children. (Or, perhaps, the same tastes that your child currently has, given the size of the adult “Bluey” audience.)
Persons: “ Deadpool, Deadpool, , Ryan Reynolds, shouldn’t, I’m, We’ve Organizations: Marvel Cinematic
PARIS — France was the official opponent; Team USA, its own worst enemy. And against an eager, home-crowd boosted team like France, it sure looked like the U.S. picked a bad game to have a bad game. This was not the kind of game that Team USA had built its reputation on and not the kind of play that looked worthy of eight consecutive gold medals, let alone one. AdvertisementThe chemistry and flow that showed itself in spurts throughout the Olympics seemed to be missing in the most important game. On Sunday night in Paris, Team USA extended its win streak, secured another gold medal and stayed atop the world.
Persons: , Gabby Williams ’, 😱, abby W illiams, INGLE, alf, ade, rance, hird, hough, urnovers. J ewell Organizations: PARIS —, Team USA, USA, SA, ard Locations: PARIS — France, France, U.S, PARIS
Stars from Hollywood's golden age are being reborn through celebrity estate AI voice cloning deals, a sign of how some of the "Wild West" concerns about unauthorized AI impersonation are being addressed by new business models. Safeguards include active moderation of content, accountability enforceable with bans, and special provisions for safeguarding the impact of AI voice on the 2024 election. Among the current generation of actors, there remains significant anxiety surrounding the use of AI in generating voice content. Voice actors for video games have raised concerns, and last year's film and television strike had significant roots in anxieties over the use of AI. AI voice licensing could alleviate workload for voice actors, he added, without supplanting them, as they "intercede in the process by focusing on offering correction or enhancement to ineffable aspects such as intonation, warmth, and emphasis, which still present challenges."
Persons: Burt Reynolds, Andreessen Horowitz, Judy Garland, James Dean, Sir Laurence Olivier, ElevenLabs, Sam Sklar, Scarlett Johansson, " Sklar, Frito, Tom Waits soundalike, Waits, Lovo, Steve Cohen, Pollock, Cohen, Bette Davis, Sklar, Nauman Dawalatabad, Dawalatabad, Michele Cobb Organizations: Golden Globe, Beverly Hilton Hotel, Sequoia, New York Times, Washington Post, Disney, Google, Apple, MIT Computer Science, Artificial Intelligence, Audio Publishers Association, CNBC
Kevin Voigt | Getty Images Sport | Getty ImagesThe Olympic Games are causing a surge in prices, but French consumers aren't likely to feel its pinch. "The Olympic Games or a Taylor Swift concert create a sudden demand shock," wrote Paul Donovan, chief economist at UBS Global Wealth Management, in a recent analyst note. But in the days after the closing ceremony, Paris hotel bookings are projected to drop from a year ago. Tourists pass near a banner with the Paris 2024 logo before the start of the Paris 2024 Olympic and Paralympic Games on June 17, 2024 in Paris, France. Paris 2024 may generate as much as $12 billion, or 11.1 billion euros, in long-term economic impact, a recent study from the Centre for Law and Economics of Sport estimated.
Persons: Kevin Voigt, Taylor, Paul Donovan, Taylor Swift, Kevin Mazur, Swift, Donovan, Matthias Hangst, it's, ove Organizations: Eiffel, Getty, UBS, UBS Global Wealth Management, Wembley, Olympics, City of Light, Games, CNBC, , Olympic, Paralympic Games, Paralympics, Paris, Chesnot, Visa, Paris Olympics, Centre for Law, Sport, Olympic Committee Locations: Paris, France, London, City, Greater Paris, U.S, Triomphe, cardholders, Barcelona
"We were working on a very big project in California," Res told NBC News' Ali Vitali on MSNBC, adding, "We were working with local politicians and state politicians. During a press conference on Thursday, Trump told a story about taking a helicopter flight with Brown, telling reporters that "we were in a helicopter going to a certain location together, and there was an emergency landing." Asked whether Trump frequently confused the identity of Brown and Holden, Res said on Saturday, “I don’t remember. He was an important, impressive guy ... [Trump] wanted to be in with Willie, because Willie was an important guy. On Friday he told NBC News, "No, I have not" been on a helicopter with Donald Trump.
Persons: Barbara Res, Donald Trump's, Willie Brown, Res, Ali Vitali, Sen, Nate Holden, Trump, Brown, Willie, Kamala Harris, Harris, Holden, Donald didn’t, Nate, Donald Trump, Black, , Donald Organizations: Trump, San Francisco, NBC News, MSNBC, New York Times, NBC, Politico, Atlantic City, Mahal Locations: California, Atlantic, Teterboro
PAGE, Ariz. — A large geological feature in southern Utah known as the “Double Arch,” the “Hole in the Roof” and sometimes the “Toilet Bowl” has collapsed, National Park Service officials said Friday. The popular arch in the Glen Canyon National Recreation Area fell Thursday, and park rangers suspect changing water levels and erosion from waves in Lake Powell contributed to its demise. Michelle Kerns, superintendent of the recreation area that spans the border of Utah and Arizona, said the collapse serves as a reminder to protect the mineral resources that surround the lake. The arch was formed from 190 million-year-old Navajo sandstone originating in the late Triassic to early Jurassic periods. The recreation area encompasses nearly 2,000 square miles and is popular among boaters and hikers.
Persons: Lake Powell, Michelle Kerns, Organizations: National Park Service, Recreation Area Locations: Utah, Glen, Lake, Arizona
I tried on similar T-shirts from Old Navy, Gap, and Banana Republic. The Old Navy top would be fine for casual wear, but I wouldn't wear it if I was looking to impress. My favorite T-shirt was the option from Gap, which could easily be dressed up or down. 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 .
Persons: Organizations: Navy, Banana Republic, The Old Navy, Service, Business Locations: Banana
But the new law has also provoked questions about how it will be applied, whether it can effectively protect women from sexual exploitation and whether it risks criminalizing break-ups. Audrey Dmello, director of Majlis Law, a women’s rights NGO in India, supports the new law. She argues “promise to marry” rape cases are under-reported and needed to be tackled through legislation. “Having such a law gives women validity as to what happened to them,” she told CNN. Potential concernsThe new law distinguishes “promise to marry” cases from rape – but some lawyers say the parameters are still vague.
Persons: Narendra Modi’s, Audrey Dmello, , , Burhaan Kinu, he’d, Tanvir Siddiki, , Gopal Krishna, Siddiki, Durjoy Biswas, Vanshika Bhattad Organizations: CNN, Hindustan Times, Locations: India, New Delhi, Chhattisgarh, Varanasi, , Mumbai, Kolkata, West Bengal, Delhi
Disney's classic baddies are getting their own theme park land at the Magic Kingdom in Orlando, Florida. This area will differ from the one at Disney California Adventure, D'Amaro told the audience, and will take place in the wilderness. As part of the Tropical America's land Disney is creating Pueblo Esperanza, which means village of hope. DisneylandThe world of "Avatar" will make its way to Disney's California Adventure, D'Amaro shared Saturday. The Walt Disney World Resort version of the ride opened in June.
Persons: Walt Disney, Mickey Mouse, Gary Hershorn, Disney, Josh D'Amaro, Parks, Rita Ora, D'Amaro, Shaboozey, Billy Crystal, Mike Wazowski, Crystal, Indiana Jones, Huy Quan, Josh, Quan, Madrigal, Antonio, Ash, Ali Rubinstein, Walt Disney Imagineering, Miguel, Deadpool, King Thanos, King, Scott Trowbridge Organizations: Magic, Walt Disney World, Corbis, Big, Honda Center, Disney, Walt Disney, Disney California, Hollywood Studios, Inc, Pirates, Defense, Stark, Disneyland, Walt Disney Imagineering, Marvel . Disney Cruises, Disney Cruise Locations: Orlando , Florida, Anaheim , California, California, Florida, Indiana, Orlando, Pueblo Esperanza, New York City, Disneyland Paris, Pride, Shanghai, Hong, Tokyo
My roommates and I started sharing our bulk groceries around 2018, but my journey with sharing bulk groceries began even earlier. That experience really piqued my interest in implementing bulk grocery sharing in my own home. My last bulk grocery run was to Jewel-Osco . Since we began bulk shopping and sharing our groceries, we save around $260 to $300 a month. AdvertisementDepending on how much we save in a month, some of our bulk shopping money will go towards collective household bills.
Persons: René Morrell, we've, who's, Joe's, I'm, filet mignon, we'll Organizations: Service, School of, Art Institute of Chicago, Costco Locations: Chicago
Tourists are flocking to Costa Rica, with visitors trying to get a taste of the Blue Zone lifestyle that promises better-than-average health and longevity. Researchers from Stanford have studied the Nicoya Blue Zone. "It's not uncommon to see people in Nicoya live to be in their 90s, but we're seeing that number slip back down into the 80s." AdvertisementStill, if you're in the region, you will probably see a lot about the Blue Zone as a selling point driving more tourism. "A lot of people are using it for their business — Blue Zone this, Blue Zone that — I'm sure they know what it means, but the lifestyle is something that's fading, unfortunately, because it was all the old-timers keeping it alive," Jones told BI.
Persons: Costa, Thomas Jones, it's, , Jones, Juan Gabriel, Gabriel, he's, David Rehkopf, Luis Rosero, there's Organizations: Service, Central, Business, Tourism, Bahia Rica, Stanford, Stanford Medicine Magazine, Stanford School of Medicine Locations: Costa Rica, Nicoya, Central American, Paquera, Germany, Spain, France, Norway, Bahia, Costa Rican
WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In San Francisco, a city that loves the new, many residents are flocking to an old cathedral. Aug. 10, 2024San Francisco residents have always celebrated the new, the innovative, the cutting-edge. But these days, they are flocking to a surprising venue for the cool factor: a church that is older than the city itself. But in the past few years, it has boomed for reasons that have nothing to do with the Bible.
Persons: Sergey Brin, Kudra Organizations: Episcopal, Google Locations: San Francisco, Nob, Grace, Fairmont, Ugandan
As former President Donald J. Trump continues to reach for attacks on his new opponent, Vice President Kamala Harris, that might halt her political momentum, he unveiled a new tactic at a rally in Bozeman, Mont., on Friday night, aiming to use Ms. Harris’s own words against her. Interrupting his typical pattern of a digressive and lengthy speech, Mr. Trump played two video compilations of past remarks by Ms. Harris that his campaign hopes will portray her as overly liberal and inept. The first video drew on statements that Ms. Harris made during the 2020 presidential campaign, when she tacked to the left and backed progressive ideas on criminal justice reform. The second was a montage of interviews and speeches that Mr. Trump’s campaign used to mock her speaking style and insult her intelligence. The videos did little to alter the message that the Trump campaign has deployed against Ms. Harris for weeks and that Mr. Trump summed up during his speech on Friday.
Persons: Donald J, Trump, Kamala Harris, Harris’s, Harris Organizations: Ms Locations: Bozeman, Mont
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