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☆ 'Barbie' is about to pass 'Super Mario Bros.' and become the world's biggest movie of 2023
▼ + stars: | 2023-08-26 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

"Barbie" is poised to overtake Super Mario globally after becoming the biggest US movie this year. "Barbie" is Warner Bros.' most successful US release and is about to become its biggest film ever. The Greta Gerwig-directed film about Mattel's plastic doll surpassed "The Super Mario Bros. Movie" domestically with a $575.4 million gross, according to data seen by The Hollywood Reporter and Deadline . Warner Bros./Universal"Barbie" is now Warner Bros'. Nolan's latest three-hour epic has performed very well at the box office, taking almost $725 million, per Box Office Mojo.

Persons: Greta Gerwig, Mario, Barbie, pip Mario, execs, Margot Robbie, Ryan Gosling, Gerwig, Oppenheimer, Christopher Nolan's, Harry Potter, Jennifer Lee, Chris Buck, Noah Baumbach, Matt Winkelmeyer, Robbie, Gosling Organizations: Super Mario, Warner Bros, Mario Bros, Hollywood, Mojo, Variety, Staff, Getty, Australian

☆ 29-year-old’s self-driving car startup was born in a garage—now it has Bill Gates’ attention and a $1 billion valuation
▼ + stars: | 2023-08-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Since launching Wayve in 2017, CEO Alex Kendall has often felt like the self-driving car industry's mostly ignored little brother. In 2017, Kendall got a Ph.D. in deep learning and computer vision at the University of Cambridge. While there, he helped develop a deep learning algorithm for a computer vision concept called "semantic segregation." A delivery van outfitted with Wayve's autonomous driving software is part of the fleet of vehicles making grocery deliveries across London. When he and Kendall launched Wayve, "many of the big technology giants had just put billions of dollars of funding into building autonomous vehicles," Kendall says.

Persons: Alex Kendall, Kendall, Amar Shah, Wayve, Bill Gates, we've, it's, Shah, I've Organizations: Microsoft, Virgin, CNBC, University of Cambridge, PACE, Eclipse Ventures Locations: London, South, Cambridge, Asda, Kendall

☆ China is on course to overtake Japan and become the world's No.1 car exporter
▼ + stars: | 2023-08-15 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

China, automobile, vehicles Vcg | Visual China Group | Getty ImagesChina is on course to overtake Japan as the world's top auto exporter by the end of 2023, according to Moody's Analytics. "At this pace, China is on track to overtake Japan by the end of the year," Moody's economists wrote, a global ranking which Japan has claimed since 2019. According to Moody's projections, China produces more than half the world's lithium supply, thanks to its low labor costs compared to rivals Japan and South Korea. Moody's AnalyticsAs a result, some of the world's largest auto companies have set up production facilities in China, including Tesla and BMW . The Asia-Pacific region, which is home to some of the world's largest auto exporting powerhouses such as South Korea, China and Japan, has seen a mixed recovery in auto exports, Moody's highlighted.

Persons: Moody's Organizations: Visual China, Getty, Japan, EV, Tesla, BMW, Chery, SAIC Locations: China, Japan, South Korea, Germany, Thailand, Asia, Pacific

☆ Buy this major retailer before it tops earnings and raises guidance this week, says Evercore ISI
▼ + stars: | 2023-08-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Walmart is on the verge of an earnings beat that could see the stock gain nearly 12%, according to Evercore ISI. The firm added the retail behemoth to its tactical outperform list with an updated $180 price target, up from $173. Walmart stock has added nearly 14% so far this year, and shares hit a 52-week high of $162.78 in trading Monday. WMT YTD mountain Walmart stock has climbed roughly 13.6% from the start of the year. He added that Walmart likely benefited throughout the quarter from the demise of Bed Bath & Beyond, while also picking off customers from peer retailer Target .

Persons: Greg Melich, HundredX, Melich, Michael Bloom Organizations: Walmart, ISI, FactSet

☆ Flutter's US bet drives first half profit 76% higher
▼ + stars: | 2023-08-09 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

The Dublin-based company said this made it the first online betting operator to turn a profit in the U.S and it did so six months ahead of schedule. Analysts at JPMorgan also noted a more cautious outlook on Australia, where Flutter's first half revenues fell by 1%. The U.S. profits contributed to reported EBITDA of 765 million pounds across the group, versus the 731 million pounds forecast by eight analyst polled by Refinitiv. Flutter and broadcaster Fox Corporation (FOXA.O) said last month it would close the FOX Bet sports betting platform. That would eclipse the record full year earnings of 1.4 billion pounds Flutter posted during the COVID-19 online betting boom of 2020.

Persons: Dado Ruvic, Jefferies, Paddy Power, Padraic Halpin, Louise Heavens, Barbara Lewis Organizations: REUTERS, JPMorgan, PokerStars, Ireland, Refinitiv, FOX Bet, Fox Corporation, Thomson Locations: Dublin, U.S, Australia

☆ Nigerian producer pumps out AI-powered Afrobeats
▼ + stars: | 2023-08-08 | by ( Vining Ogu | ) www.reuters.com time to read: +2 min

LAGOS, Aug 8 (Reuters) - When artificial intelligence (AI) apps started spreading in Nigeria's music industry, Eclipse Nkasi thought his days as a producer were numbered. It gives people a new experience ... and that's how I believe AI is really going to shake things," Nkasi told Reuters. Nkasi and three friends switched on OpenAI's ChatGPT programme and set it to work helping them create the nine-track album "Infinite Echoes". "There are certain things that will become obsolete" due to AI, Nkasi said. But it should also create opportunities for artists to reinvent themselves and do their work better and quicker, he added.

Persons: Nkasi, Omotolani Alake, MacDonald Dzirutwe, Andrew Heavens Organizations: Reuters, Thomson Locations: LAGOS, Lagos

☆ Perseid meteor shower will peak this weekend
▼ + stars: | 2023-08-08 | by ( Amaya Mcdonald | ) edition.cnn.com time to read: +4 min

The Perseid meteor shower will reach its peak this weekend, according to the American Meteor Society. The shower began this year on July 14, and will continue until September 1, though not as many meteors will be visible after the peak. “Meteor showers result in beautiful streaks of light as debris passes through our atmosphere,” Schmoll said. So the less light around when observing the meteor shower means we are more likely to see fainter meteors.”You can catch several major meteor showers later this year, according to the American Meteor Society. They will reach their peak on the following dates:Orionids: October 21-21Southern Taurids: November 4-5Northern Taurids: November 11-12Leonids : November 17-18Geminids: December 13-14Ursids: December 21-22Autumnal equinoxThis year, the end of the Perseid meteor shower coincides with the meteorological start of the fall season in the Northern Hemisphere.

Persons: ”, Shannon Schmoll, Schmoll, it’s, Tuttle, ” Schmoll Organizations: CNN, American Meteor Society, Michigan State University, Northern, Taurids, Northern Hemisphere, Meteorological, Hemisphere, NASA Locations: Central, South America

☆ Atlas Lionesses: The Moroccan soccer revolution and the players inspiring a generation of girls
▼ + stars: | 2023-08-07 | by ( Alasdair Howorth For Cnn | ) edition.cnn.com time to read: +8 min

Morocco players celebrate after advancing to the knock out stage of the Women's World Cup. Her impact on the Moroccan women’s team has been equally dazzling. Chebbak’s legend has only grown this summer in leading the Atlas Lionesses at their first ever World Cup. Frustrated with the lack of women’s soccer, Illa and a few friends set up a team of their own. Nouhaila Benzina, pictured alongside FIFA President Gianni Infantino, has become a history maker during the Women's World Cup.

Persons: Ghizlane Chebbak, Mohammed VI, King, Chebbak, –, Prince Moulay Abdallah, King Mohammed VI, Cheebak, Khadija Illa, “, Alex Grimm, Larbi Chebbak, Ghizlane, didn’t, Misr El, Paul Kane, ” Chebbak, ”, Hakimi, Hakim Ziyech, Morocco’s, Morocco's, Reynald Pedros, Gary Day, Illa, Colin Murty, Fouzi Lekjaa, Nouhaila, Gianni Infantino, Harold Cunningham Organizations: CNN, of Nations, Morocco women’s, National Women’s Football League, FIFA, Moroccan, Rabat’s AS, AS, CAF Champions League, Confederation of African Football, South, Chebbak, Getty, Royal Moroccan Football Federation, Women’s Football League, CAF Women’s Champions League Locations: Morocco, South Africa, Sahara, Egypt, Germany, South Korea, Colombia, France, Laâyoune, Rabat, soccer, AFP, Moroccan

☆ AI chip firm Tenstorrent raises $100 mln from Hyundai, Samsung
▼ + stars: | 2023-08-02 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Courtesy of Tenstorrent /Handout via REUTERSAug 2 (Reuters) - Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group (005380.KS) and a Samsung (005930.KS) investment fund, among others. Keller, who has previously developed chips for Apple (AAPL.O), Tesla (TSLA.O) and Intel (INTC.O), took over as the startup's CEO earlier this year. Tenstorrent makes its own AI chips, but also sells its intellectual property and other technology to customers looking to make their own AI chips. Hyundai established a semiconductor development group last year and said that it plans to use Tenstorrent technology in "future Hyundai, Kia and Genesis" vehicles. “With this investment, the Group expects to develop optimized but differentiated semiconductor technology that will aid future mobilities and strengthen internal capabilities in AI technology development," Heung-soo Kim, executive vice president and head of the global strategy office at Hyundai Motor Group, said in a statement.

Persons: Jim Keller, Heung Soo Kim, Keller, Tenstorrent, Kim, Stephen Nellis, Marguerita Choy Organizations: Global, Hyundai, REUTERS, Hyundai Motor Group, Samsung, Nvidia, Apple, Intel, Kia, Catalyst Fund, Fidelity Ventures, Eclipse Ventures, Epiq, Maverick Capital, Tesla, LG, Thomson Locations: Santa Clara , California, U.S, Handout, Canadian

☆ Oppenheimer strategist projects S&P 500 will eclipse record high by year end
▼ + stars: | 2023-08-01 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. REUTERS/Brendan McDermid/File Photo License this content on Reuters ConnectNEW YORK, Aug 1 (Reuters) - Oppenheimer Asset Management on Tuesday projected the S&P 500 would rise above its record high by year end, the latest Wall Street firm to grow more bullish on the outlook for stocks following the market's rally this year. Oppenheimer lifted its year-end price target for the S&P 500 to 4,900 from the 4,400 projection it set in December, Chief Investment Strategist John Stoltzfus said in a note. The S&P 500 record closing high is 4,796.56, reached on Jan. 3, 2022, while the index's intraday record is 4,818.62, which it hit on Jan. 4, 2022. Oppenheimer's more bullish view comes after Citigroup (C.N) recently boosted its S&P 500 price target by 15%, saying the more upbeat view reflected increased probability of an economic soft landing.

Persons: Brendan McDermid, Oppenheimer, John Stoltzfus, Stoltzfus, Morgan Stanley, Michael Wilson, Lewis Krauskopf, Noel Randewich, Chris Reese Organizations: New York Stock Exchange, REUTERS, Reuters, Oppenheimer, Management, Citigroup, Thomson Locations: New York City, U.S, San Francisco

☆ Opinion: This throwback president is the kind of leader the GOP needs today
▼ + stars: | 2023-08-01 | by ( Opinion Reverend Dr. Russell J. Levenson | ) edition.cnn.com time to read: +7 min

But I now find that the GOP leadership of today is unrecognizable when compared to the party I supported enthusiastically during the presidencies of Ronald Reagan and George H.W. A GOP that once welcomed character, decency and morality is sinking quickly into an abyss. How unlike Bush is the severely morally challenged GOP of today, with failings that eclipse even those of former President Richard Nixon. Wallace asked McDaniel whether the Republican Party would have a problem nominating a presidential candidate who is under federal indictment or who is a convicted felon. McDaniel and many other top-tier Republicans have missed their moment to offer moral leadership.

Persons: Dr, Russell J, Levenson, Jr, George H, Barbara Bush, CNN —, Thomas Hardy’s, Russell Levenson, Gabriel Oak, Oak’s sheepdogs, Ronald Reagan, George H.W, George H.W . Bush, Bush, Richard Nixon, Donald Trump, —, Ronna McDaniel, Chris Wallace, Chris Wallace ”, Wallace, McDaniel, “ It’s, They’re, Trump, shrugged, Nixon, “, ”, Facebook Trump, It’s, hurtling, Bush — Organizations: St, Martin’s Episcopal, CNN, Republican Party, GOP, Democrat, Republican, Twitter, Facebook, —, Republicans Locations: Martin’s, Houston , Texas, George H.W .

☆ Supermoons will rise in the night sky twice this August
▼ + stars: | 2023-07-31 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

The most recent blue moon, for example, occurred in October 2020. The August 30 super blue moon will reach its peak at 9:36 p.m. What is a full moon, supermoon and blue moon? Supermoons occur when the moon is near or at its closest point to Earth (or, in scientific terms, its perigee) while also appearing full. Not all blue moons are supermoons, which makes the August 30 full moon even more exceptional.

Persons: Fred Espenak, it’s, supermoon isn’t, Adam Block, ”, Supermoons Organizations: CNN, Almanac, Britannica, NASA, United, Space Centre, University of Arizona’s Locations: Europe, United Kingdom, Africa, United States, Great, Tucson

☆ Wind and solar are propping up the Texas power grid amid a brutally long heat wave
▼ + stars: | 2023-07-28 | by ( Ella Nilsen | ) edition.cnn.com time to read: +4 min

Thank wind and solar, energy experts say. “The thermal plants have bounced up and down,” Lewin told CNN, saying thermal plant outages during heatwaves have been high by Texas grid manager ERCOT’s own standards. The state is also rapidly installing battery storage, to store wind and solar energy when the sun isn’t shining and wind isn’t blowing. “I think what they’re leaving out is the intermittency of the thermal plants, they continue to neglect that,” Lewin said. That’s not to say renewables are a panacea, but the point is thermal plants are also not a panacea.”

Persons: ” Michael Webber, “, Doug Lewin, Webber, ” Lewin, ERCOT’s, Mark Felix, ”, ERCOT, Lewin, that’s Organizations: CNN, Texas, “ Renewables, University of Texas, Energy Information Administration, Renewables, Energy, US Energy Information Administration, Lone Star Locations: Austin, Texas, Hill County , Texas, AFP, Gulf of Mexico

☆ A Millennium Falcon-shaped comet heading toward Earth is so bright you'll able to see it with your naked eye, say astronomers
▼ + stars: | 2023-07-27 | by ( Ellie Zolfagharifard | ) www.businessinsider.com time to read: +4 min

Astronomers have spotted a "once-in-a-lifetime" comet shaped like the Millennium Falcon. The comet will make its closest approach to the sun next year, just weeks after a solar eclipse. The comet, known as Comet 12P/Pons-Brooks, abruptly brightened 100-fold on July 20 as plumes of debris and ice were blasted off it into space. While it may be possible to see the comet with the naked eye, Miles advised using binoculars. A decades-old mysteryAstronomers aren't sure exactly why Comet 12P/Pons-Brooks, which orbits the sun every 71 years, has brightened so drastically in recent weeks.

Persons: Pons, Brooks, It's, Richard Miles, Miles, Dr Edward Gomez, Elek Tamás, Helen Usher of Cardiff, Carrie Holt, Gomez Organizations: Service, British Astronomical Association, Wales, Harsona, Comet, Open University, University of Maryland Locations: Wall, Silicon, Cardiff, Nyiregyhaza, Hungary

Only three months into Justice Ketanji Brown Jackson’s first Supreme Court term, she announced a book deal negotiated by the same powerhouse lawyer who represented the Obamas and James Patterson. The deal was worth about $3 million, according to people familiar with the agreement, and made Justice Jackson the latest Supreme Court justice to parlay her fame into a big book contract. Justice Neil M. Gorsuch had made $650,000 for a book of essays and personal reflections on the role of judges, while Justice Amy Coney Barrett received a $2 million advance for her forthcoming book about keeping personal feelings out of judicial rulings. Those newer justices joined two of their more senior colleagues, Justices Clarence Thomas and Sonia Sotomayor, in securing payments that eclipse their government salaries. In recent months reports by ProPublica, The New York Times and others have highlighted a lack of transparency at the Supreme Court, as well as the absence of a binding ethics code for the justices.

Persons: Ketanji Brown Jackson’s, James Patterson, Jackson, Neil M, Gorsuch, Amy Coney Barrett, Clarence Thomas, Sonia Sotomayor, ProPublica, Thomas’s, Justice Samuel A, Alito Jr, John G, Roberts Organizations: The New York Times, Supreme, Republican Locations: The

☆ Russia's not just seeing an exodus of people — it saw a record $239 billion worth of assets being pulled out last year
▼ + stars: | 2023-07-25 | by ( Huileng Tan | Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Russia saw an record $239 billion in net capital outflows — i.e. According to Investopedia, capital outflows refer to the movement of assets out of a country. Outflows this significant are even larger than Greece's GDP of $219 billion in 2022, according to World Bank data. Last year's capital outflows were four times that of 2021 and 70% more than in 2008 amid the Global Financial Crisis, according to the analysis. Money transfers from Russia to Georgia rose fivefold, from $411 million in 2021 to $2.1 billion in 2022, according to data from Georgia's central bank.

Persons: It's, it's, Martin Galstyan, Armenia's News.am, Timothy Ash Organizations: —, Service, outflows, Center, Bank, Bloomberg, Novaya Gazeta, Chatham House's Locations: Russia, Wall, Silicon, Ukraine, Moscow, Investopedia, outflows, Armenia, Georgia, Chatham House's Russia, Eurasia

☆ Bitcoin could soar to $180,000 before the April 2024 halving as potential BlackRock ETF helps drive demand, Fundstrat says
▼ + stars: | 2023-07-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Fundstrat said a bitcoin ETF from BlackRock could drive a boost in daily demand for the crypto token. If the SEC approves a bitcoin ETF from BlackRock, it could lead to the largest ETF launch ever. A bitcoin ETF could add an extra $100 million in incremental daily demand for bitcoin, according to the note. "This [bitcoin ETF launch] would bring daily demand to $125 million, while daily supply is only $25 million. "We anticipate [a bitcoin ETF] would attract new investors and generate increased demand for bitcoin," Farrell said.

Persons: Fundstrat, halvening, Sean Farrell, Farrell Organizations: SEC, ETF, Service, bitcoin, BlackRock, Fidelity, Chartered Locations: BlackRock, Wall, Silicon

☆ Column: Turkey emerges as Europe's largest coal power producer in June
▼ + stars: | 2023-07-19 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

July 19 (Reuters) - Turkey overtook Germany and Poland to become Europe's top coal-fired electricity producer in June, and for the opening half of 2023 generated more coal power than Poland for the first time to emerge as Europe's second-largest coal user behind Germany. Even Poland, Europe's most coal-dependent economy, has seen a modest net capacity decline since 2018. Indeed, Turkey's electricity generation from all clean sources has risen by 40% since 2018, while generation from fossil fuels declined by more than 8% over that period. Further increases in coal-fired generation may in turn push Turkey farther ahead of Poland in terms of coal generation over the near term, and potentially narrow the gap more on Europe's top coal user, Germany. That should undermine coal's usage momentum in Turkey's energy system, and potentially result in Turkey making only a fleeting entry as one of Europe's main coal users.

Persons: Turkey's, Gavin Maguire, Robert Birsel Organizations: Germany, COVID, Reuters, Thomson Locations: Turkey, Germany, Poland, Europe, Turkey overtakes Poland, Southern Europe, Italy, Romania, Czech Republic, Ukraine

If the U.S. economy has a "soft landing" - no recession this year with inflation near target, and only a mild downturn next year with unemployment staying historically low - Jerome Powell may lay claim to being the most successful Fed chief in history. Powell was frequently on the receiving end of public lashings from his then boss - "Clueless," "horrendous lack of vision" and "pathetic!" "Kudos to Powell if he can achieve a soft landing. Greenspan, dubbed 'the Maestro' by his admirers, was Fed chief from 1987 to 2006. Not only that, his 36% rating was the lowest of any Fed chair since the survey series began in 2001.

Persons: Jerome Powell, Powell, Janet Yellen, Donald Trump, Trump, Paul Volcker, Alan Greenspan, Volcker, Greenspan, Joe LaVorgna, Alan Blinder, Goldman Sachs, Jan Hatzius, Hatzius, Joe, Jamie McGeever, Andrea Ricci Organizations: Powell's, Republican, Nikko Securities, Trump White House, Reuters, New York Fed, Gallup, Thomson Locations: ORLANDO, Florida, U.S

☆ Where have all the billion-dollar movies gone? So far, only Mario's been super this year
▼ + stars: | 2023-07-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Universal's "The Super Mario Bros. Movie" is the only movie released in 2023 to so far eclipse the $1 billion mark at the global box office. "If you would have given 10 people a release schedule at the beginning of the year and said, 'We will have just one billion-dollar movie out of all of these and can you pick which one it will be?' In years before the Covid-19 pandemic, and even last year, there were multiple megahits eclipsing $1 billion in global grosses. So far, it has generated $122.1 million at the domestic box office and $221.4 million globally. "The billion-dollar club seems to have become even more exclusive in 2023," said Paul Dergarabedian, senior media analyst at Comscore.

Persons: Mario, Mike Polydoros, Indiana Jones, Shawn Robbins, Bob Iger, CNBC's David Faber, James Gunn's, Sony's, Gunn, Paul Dergarabedian Organizations: ANGELES, Mario Bros, PaperAirplane Media, Disney, Marvel, Star Wars, Pixar, Hollywood, Lucasfilm, Star, Marvel Studios, Warner Bros, Discovery's DC Studios Locations: filmdom

☆ America’s Foreign Vacations Tell Us Something About the U.S. Economy
▼ + stars: | 2023-07-15 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

People spent 2020 and 2021 either cooped up at home or traveling sparingly and mostly within the continental U.S. But after Covid travel restrictions were lifted for international trips last summer, Americans are again headed overseas. According to estimates from AAA, international travel bookings for 2023 were up 40 percent from 2022 through May. Tour and cruise bookings are expected to eclipse prepandemic highs, with especially strong demand for vacations to major European cities. Paris, for example, experienced a huge jump in North American tourists last year compared with 2021, according to the city’s tourism bureau.

Persons: Emily Organizations: AAA Locations: Paris, Europe

☆ The sun’s activity is peaking sooner than expected
▼ + stars: | 2023-07-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +11 min

Every 11 years or so, the sun experiences periods of low and high solar activity, which is associated with the amount of sunspots on its surface. Over the course of a solar cycle, the sun will transition from a calm to an intense and active period. During the peak of activity, called solar maximum, the sun’s magnetic poles flip. A solar activity spikeThe current solar cycle, known as Solar Cycle 25, has been full of activity, more so than expected. The solar storms generated by the sun can affect electric power grids, GPS and aviation, and satellites in low-Earth orbit.

Persons: ”, Mark Miesch, “, Alex Young, ” Miesch, Scott McIntosh, Robert Leamon, Leamon, Miesch, Young, auroras, Bill Murtagh, ” Murtagh, NASA’s Parker, “ We’ve Organizations: CNN, National Oceanic, Prediction, NASA's Solar Dynamics, NASA, SpaceX, Heliophysics, Goddard Space Flight, GPS, National Center for Atmospheric Research, Goddard Planetary Heliophysics, University of Maryland, College Park, American University, Dynamics, Geological Survey, Probe Locations: Boulder , Colorado, Greenbelt , Maryland, Baltimore County, New Mexico , Missouri, North Carolina, California, United States, England, United Kingdom, Alaska, Canada, Iceland, Norway, Scandinavia, Michigan, Upper Midwest, Pacific, Quebec

Since 2015, Prime Day sales have risen to more than $7 billion and could top $8 billion this year. Now in its ninth year, Amazon's annual Prime Day has become a fact of American life — a quasi-holiday that retailers of all types pile into. Protestors in New York raising awareness of Amazon facilitating ICE surveillance efforts coinciding with Amazon Prime Day 2019. How Prime Day is goingLast year, Amazon drove more than $7 billion in sales through its Prime Day sales, according to Insider Intelligence. The number of Amazon Prime account holders has ballooned too, with nearly 175 million people using Amazon Prime in the US today — around two-thirds of the country's population — according to a report by Insider Intelligence.

Persons: Michael M, Jack Ma's Alibaba, Diego Piacentini, Jeff Bezos, Brad Stone, Bezos, Execs, Stone, Meagan Wulff Reibstein, Wulff, Kevin Hagen, Brian Olsavsky, Rafael Henrique, Scott Olson, Andrew Lipsman, Lipsman, — Organizations: Amazon Prime, Companies, Amazon, Intelligence, Insider Intelligence, Workers, Walmart, Getty, Target, Target Circle, Black, Prime Locations: China, Tokyo, London, Paris, Munich, Japan, Europe, New York

☆ Amazon has lost market share for the Prime Day shopping holiday it invented. Walmart is setting itself up for a bigger slice of those sales.
▼ + stars: | 2023-07-10 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +5 min

Walmart once again is looking to compete directly with Amazon's Prime Day. In previous years, the company held "Rollbacks and More" events in July to compete with Prime Day, and last year Walmart launched a summer savings event called Walmart+ Weekend which took place just before Amazon Prime Day. Walmart is holding a summer savings event called 'Walmart Plus Week' between July 10 and 13, around the same time as Amazon's Prime Day. "Amazon's Prime Day market share will continue to slip, dropping from 62.0% in 2018 to an expected 59.6% in 2023," the report said. Roots of Walmart-Amazon Prime Day rivalryThe yearly battle over customers between Walmart and Amazon's Prime Day could date as far back as 2015.

Persons: Andrew Lipsman, Lipsman, Marc Lore, Jason Del Rey Organizations: Walmart, Amazon's, Service, Amazon, Intelligence, Insider Intelligence, Target, Jet, Target Circle Locations: Wall, Silicon, Amazon

☆ You’re Already Too Late If You Want to Book a Room for the 2024 Eclipse
▼ + stars: | 2023-07-09 | by ( Ethan M. Steinberg | ) www.wsj.com time to read: 1 min

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