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Here's what may be behind the move as Bob Iger looks to solidify his legacy. Disney's head-turning decision to share three years' worth of earnings guidance is a fascinating strategic move — and may be part of a bigger play from legacy-minded CEO Bob Iger. The Mouse House pleased analysts this week with its quarterly earnings report, as operating income rose 23% while revenue advanced by 6%. AdvertisementBob-ing and weavingDisney's earnings report and presentation were littered with comparisons to two years ago, which seems deliberate — if subtle. Advertisement"I would guess Bob Iger is feeling the pressure to demonstrate that he has set the company back on the right track," Nollen said.
Persons: Bob Iger, Tim Nollen, Robert Fishman, Iger, Bob, Bob Chapek, , Chapek, what's, Nollen, it's Organizations: Disney, ESPN, Macquarie, Business, MoffettNathanson
Turns out America elected Elon Musk, too
  + stars: | 2024-11-16 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +6 min
Now that Trump has won, Musk is seemingly attached to him — in public and behind the scenes. At the moment, it also looks like they've elected Elon Musk. And Musk is relentlessly promoting Trump on Twitter, the site he bought in 2022 and renamed X. Related storiesPresident-elect Trump on Elon Musk: "He likes this place. He first floated the idea of having Musk run a government efficiency office in early September, but it wasn't a focus of his rallies and pitches.
Persons: Trump, Musk, we've, Donald Trump, they've, Elon Musk, there's, Vivek Ramaswamy, that's, Vladimir Putin, Volodymyr Zelenskyy, He's, can’t, I'm, It's, We've, David Nasaw, tycoons, William Randolph Hearst, Andrew Carnegie —, Trump's, Kamala Harris, Vance, Tim Walz, — I've, haven't, Tesla, Esther Crawford, Theodore Roosevelt, Hearst, Franklin Roosevelt Organizations: Elon, Trump, Department of Government, Twitter, New York Times, Times, United Nations, Mar, City University of New York Graduate Center, Musk, US, SpaceX, Carnegie Locations: Iran, Trump's Florida, Texas, Mexico, Florida, Madison
Gen Z is ushering in the all-inclusive era
  + stars: | 2024-11-16 | by ( Kelsey Vlamis | ) www.businessinsider.com   time to read: +7 min
A survey included in the report found 42% of Gen Z respondents said an all-inclusive was their preferred hotel type, more than any other generation. AdvertisementWhy Gen Z loves all-inclusivesOnce guests book their stays at an all-inclusive, very little additional planning is required. Its $2.7 billion acquisition of Apple Leisure Group in 2021 made it the largest operator of luxury all-inclusive resorts worldwide. AdvertisementAnd Hilton said earlier this year their all-inclusive segment was a "catalyst for growth," noting its Hilton Cancun Mar Caribe All-Inclusive Resort that opened in 2023. For Gen Z in particular there may be an intangible benefit of all-inclusives that will continue to drive demand.
Persons: Haley Mahabadi, She's, Gen Z, it's, Gen, Melanie Fish, It's, Z, Samantha Cintron, Cintron, Hyatt Gen Z, Gen Zers, Malley Goodwin, A'Rielle Thomas, Amy Weinberg, Hyatt Ziva, Hyatt, Weinberg, Hilton, Z isn't, Fish Organizations: Michelin, Expedia, Hyatt Travelers, Hyatt, Marriott, Playa, Hyatt Gen, Fora, Hyatt Demand, Hyatt Zilara, Apple Leisure Group, Secrets, Dreams, Hilton Cancun Mar Caribe Locations: Asia, Mexico, Fora, Playa del Carmen, Orlando, Cancun, Hyatt, Marriott Cancun, Romana, Dominican Republic
Actor Wes Bentley said creator Taylor Sheridan understood the "American psyche." "Yellowstone" returned to screens last weekend after a two-year break, with more than 16 million reported viewers suggesting the show hasn't lost its appeal. AdvertisementLuke Grimes, Wes Bentley, Kelly Reilly, Kelsey Asbille, and Cole Hauser at the "Yellowstone" season 5, part 2 premiere. Related stories"I think there is something that Taylor understands about the American psyche, or at least this kind of American psyche," Bentley said. AdvertisementSome have attempted to explain the series' success by painting "Yellowstone" as a "red state Game of Thrones" that appealed mainly to conservatives.
Persons: Wes Bentley, Taylor Sheridan, Luke Grimes, Kayce Dutton, Grimes, — Taylor Sheridan, Joe Pickett, Kelly Reilly, Kelsey Asbille, Cole Hauser, Taylor, Jamie Dutton, Kevin Costner's, John Dutton's, it's, Bentley, It's, Sheridan, Monica Dutton, Dutton, Asbille Organizations: Business, Paramount Network, Netflix, Republican Locations: Australia
Russia's wartime economy could be in it for the long-haul — or at least longer than expected. A team of economists is unconvinced that Russia will tumble into economic collapse any time soon, as suggested by some analysts. The paper counters notions that a Russian crisis will come as soon as next year, an argument made by economists such as Yuriy Gorodnichenko. Don't underestimate domestic demandAccording to the report, Russia's domestic market has been an underrated factor behind the country's perseverance. Sustainable war spendingSome have forecast an immediate recession if Russia's war in Ukraine ever ends, arguing that the Kremlin's massive war budget is responsible for the economy's continued survival.
Persons: Yuriy Gorodnichenko, shouldn't Organizations: Center, UC Berkley, CASE, Kremlin, Moscow Locations: Russia, Europe, Russian, Moscow, Ukraine
AdvertisementDon Saladino, a personal trainer to celebrities, said he's in the best shape of his life at 47. His training regime includes strength and interval training, and hockey. If he can fit a fifth lifting day into his week, Saladino does accessory movements such as arm exercises and ab interval work. AdvertisementPlaying hockey for funDon Saladino (second from left) plays hockey twice a week. Lars Niki/Getty ImagesSaladino plays hockey twice a week, often at 6:30 a.m., he said.
Persons: Don Saladino, he's, Saladino, Ryan Reynolds, Blake Lively, Sebastian Stan, Anne Hathaway, Lars Niki Organizations: Navy, Research Locations: New York
AdvertisementElon Musk amended his lawsuit against OpenAI and Sam Altman, adding Microsoft as a defendant. Musk included emails between himself and Altman from 2015 in which they discussed starting OpenAI. Elon Musk unveiled several emails between himself and fellow billionaire Sam Altman this week as evidence in the Tesla CEO's lawsuit against Altman and OpenAI, shining a light on the casual beginnings of the now-$157 billion company. Musk helped found OpenAI in 2015 but has frequently criticized the company and its leaders in the years since. The SpaceX CEO left the AI startup in 2018.
Persons: Elon Musk, Sam Altman, Musk, Altman, OpenAI, Sam Musk, Bill Gates, Pierre Omidyar, Dustin Moskovitz, we'd, Peter Thiel, I've, Semafor Organizations: OpenAI, Microsoft, Business, SpaceX, Google, YC, Manhattan Project
We broke up in college, married different people, and got divorced at the same time. When I posted on social media that I was going through a divorce, Dan, my college sweetheart, messaged me asking if we could talk on the phone. On the phone, Dan apologized for breaking up with me through a text message back in 2002 during my junior year of college. Coincidentally, I was going to college in New York City, and he was studying aviation on Long Island, so our campuses were a quick train ride apart. Dan was shy and more serious; he wasn't interested in going to a Roman-themed college party like I was.
Persons: Dan, messaged, wasn't Organizations: Penn Station Locations: Syracuse , New York, New York City, Long, Maine, New York, Houston, Chicago, Dallas, New Orleans, Texas
AdvertisementDonald Trump wants the next GOP senate leader to give him greater power to staff vacancies. Trump wants to use the president's recess appointment power in a major way. Like Trump, Musk is a big believer in flexing the recess appointment power. Related storiesIn his push for recess appointment power, Trump argued it was about ensuring he could staff up in a timely manner. Officials installed via recess appointment can only serve until Congress' next session.
Persons: Donald Trump, Trump, Elon Musk, Matt Gaetz, Robert F, Kennedy Jr, It's, Casey Burgat, Sen, John Thune of, Mitch McConnell of, Thune, Bret Baier, JD Vance's, Ronald Reagan's, hasn't, Kennedy, Sarah Binder, George W, Bush, John Bolton, Don McGahn, McGahn, Ed Whelan, Whelan, Burgat Organizations: White, Trump, Human Services, GOP, Legislative, George Washington University's Graduate School of Political Management, Fox News, Republicans, Center, Biden, Brookings, United Nations, Public Policy Center Locations: Washington, Florida, John Thune of South Dakota, Mitch McConnell of Kentucky
AdvertisementInterest in moving to Canada has spiked among Americans after the election. Advertisement"I think sometimes it can be a knee-jerk reaction," Woodfield said of moving to Canada. AdvertisementTo prevent ex-pats from getting taxed twice on their income, the US and Canada have a tax treaty that provides a foreign income tax credit for any income tax paid to the other country, Woodfield explained. You also don't have the option to file joint income tax returns with your spouse in Canada, Woodfield warned. AdvertisementThe earlier you start preparing for your cross-border move, the better — ideally, one to two tax years before moving, Woodfield said.
Persons: Tiffany Woodfield, Donald Trump, Roe, Trump, Raymond James ., Woodfield, Uncle Sam, RRSPs, , It's, you've, they've, I've Organizations: White, Wade, SWAN Wealth Management, pats, Income Corporations, IRS Locations: Canada, Spain, they're
Americans paid a whopping $47,612 on average for a new car in October, according to data from Edmunds. That means new car prices have risen much faster than most goods and services. But much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The combination of higher interest rates and higher car prices, along with the biggest average loans ever taken out to buy them, lifted the average monthly car payment to $742 in October. And that would make every car built in America more expensive, because no vehicle is made with 100% American parts.
Persons: New York CNN — It’s, That’s, Buyers, , Ivan Drury, , didn’t, Charlie Chesbrough, Drury, , ” Drury, Donald Trump, Jeff Schuster, GlobalData, They’re Organizations: New, New York CNN, Cox Automotive, Nissan, Infiniti, General Motors, Ford, Jeep, Dodge, Chrysler, GM, Federal Reserve Locations: New York, Edmunds, American, United States, Stellantis, Mexico, America
But now it appears that some luxury brands have forgotten that aim. Dukas/Getty ImagesRay of Buttermilk said that some luxury brands have been hesitant to explore collaborations as a means of engaging Gen Z consumers because they fear losing their luxury allure. The future is vintageLuxury players might be kicking themselves for alienating Gen Z consumers, but Gen Zers never forgot about luxury. But secondhand's success isn't bad news for primary luxury brands, Escribano said. Bar certain luxury products like Hermès Birkins handbags, secondhand luxury is by and large cheaper and retains a level of exclusivity, she said.
Persons: Bain, Louis Vuitton, Z, Gen Z, There's, Claudia D'Arpizio, Blanca Zugaza Escribano, Gen, D'Arpizio, LVMH, Prada, Sabrina Carpenter, Marleen Moise, Getty, Jamie Ray, Escribano, Gen Z's, Thomaï, They've, Gen Zers, Z's Organizations: Louis, Prada, Bain & Company, Industry, Bain, Business, NYU's Stern School, Gen Locations: Hermès
AdvertisementOne Starbucks customer has been working on visiting every Starbucks store since 1997. Later this month, a man named Winter plans to set foot in his 20,000th Starbucks store. AdvertisementAt the time, new Starbucks stores were popping up around the US, and Winter said he visited stores around Dallas as they opened. He logs each store visit in a Microsoft Access Database and on his website. Related storiesNot all Starbucks stores that Winter visits are as welcoming as that Houston location where he played chess with friends back in 1995.
Persons: Winter, I'm, Brian Niccol, Howard Schultz, he's, He's, Niccol, baristas Organizations: Starbucks, Business, Microsoft, Niccol Locations: Houston, Plano , Texas, Italy, Arkansas , Oklahoma, West Texas, China, Dallas, Japan, South Africa
Ole Andreas Halvorsen's Viking Global bought into two big, second-half turnaround stories in the third quarter. Halvorsen bought almost 1.7 million Starbucks worth $162 million during the quarter. Starbucks shares surged more than 24% the day of the announcement, its best day ever. So far in the fourth quarter, shares have risen less than 1%. Stocks that Viking Global zeroed out in the quarter ranged from Meta Platforms to Dollar Tree to UnitedHealth .
Persons: Ole Andreas Halvorsen's, Halvorsen, Brian Niccol, LSEG, Tesla, Elon Musk, Donald Trump's, Musk, Julian Robertson, Charles Schwab Organizations: Ole Andreas Halvorsen's Viking Global, Tesla, Starbucks, White, Republican, Trump, Tiger Management, Viking, U.S . Bancorp, Visa, Bank of America Locations: Ole Andreas Halvorsen's Viking, Norwegian, American, Chipotle, U.S, UnitedHealth
This week, researchers shared fascinating new findings on Uranus, the seventh planet from the sun, and the far side of the moon. Other worldsIllustrations depict how Uranus' magnetosphere, or protective bubble, was behaving before Voyager 2's arrival (left) and during the spacecraft's flyby (right). An unusual cosmic occurrence during the Voyager 2 spacecraft’s 1986 flyby might have skewed how scientists characterized the ice giant, new research suggests. In particular, the spacecraft’s observations of Uranus’ protective magnetosphere were wildly different from astronomers’ expectations. Fortunately, sending a dedicated mission to study Uranus in the future is a priority for NASA, according to a 2022 report.
Persons: Jamie Jasinski, paleoanthropologist Don Johanson, what’s, Lucy, Johanson, , afarensis, doesn’t, Bathydevius, Bruce Robison, , Marvel, Ashley Strickland, Katie Hunt, Jackie Wattles Organizations: CNN, NASA, JPL, Caltech, Jet Propulsion Laboratory, Nature Reserve, WWF Tigers, Fund, Nature, Aquarium Research, CNN Space, Science Locations: Pasadena , California, Afar, Central Asia, Turkey, Russia, Indonesia, Kazakhstan, Caspian, Netherlands, Kuma, Kazakhstan’s Ile, California, Mt, Everest, Monterey, what’s, Iraq
In today’s edition, national political reporter Ben Kamisar examines how House Republicans are growing increasingly aligned with Donald Trump. Plus, "Meet the Press" moderator Kristen Welker looks back at how Trump's Cabinet announcements from right yers ago compare to now. The House GOP is more aligned with Trump than everBy Ben KamisarPresident-elect Donald Trump and the GOP believe Americans delivered them a mandate last week when they handed the party unified control of Washington. Newly elected Senate GOP leader John Thune certainly isn’t a Trump antagonist, but he’s a descendent of the institutional Republican Party. It’s a dynamic worth keeping tabs on, especially as Senate Republicans begin the process of vetting Trump’s Cabinet picks.
Persons: Ben Kamisar, Donald Trump, Kristen Welker, Trump, ” Rep, Troy Nehls, Kyle Stewart, , John Thune, Trump’s, Sen, John Barrasso, Donald Trump’s, , — Trump, Marco Rubio, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Doug Burgum, Tulsi Gabbard, James Mattis, John Kelly, Jeff Sessions, , Steve Bannon, Gaetz, Mike Johnson, Elon Musk, Vivek Ramaswamy, Todd Blanche, Doug Collins, 🗞️, Jo Organizations: NBC, White House, Capitol, Republicans, GOP, Trump, NBC News, , Senate, Republican Party, Press, State Department, Justice Department, Defense Department, Department of Health, Human Services, Interior Department, Pentagon, Department of Homeland Security, RFK Jr, Department, Former Trump, Republican, Health, Elon, Department of Veterans Affairs, Sena Locations: Washington, Texas, Pennsylvania, Gaetz, California, Iraq
While Kamala Harris made history, Vivek Ramaswamy became a household name, and Usha Vance debuted to a tepid national audience, many everyday South Asian Americans were experiencing something altogether different. As these political leaders saw their profiles rise, everyday South Asian Americans experienced increased racism, with anti-South Asian posts online doubling over the campaign season, a new report found. Threats of violence against Asian Americans are up 17% from the baseline, and a vast majority of those threats were directed at South Asian Americans, the data revealed. Still, his Indian American identity has drawn fire. “South Asians, we don’t voice, we don’t make noise, we just silently are suffering,” she said.
Persons: Kamala Harris, Vivek Ramaswamy, Usha Vance, , , Pawan Dhingra, it’s, Manjusha Kulkarni, Harris, ’ ‘, , ” Sona, , ’ ”, Donald Trump ., Laura Loomer, JD Vance, Marjorie Taylor Greene, ” Dhingra, , “ Kamala Harris ’, Sangay Mishra, she’d, Trump, Harris “, Vivek, Nick Fuentes, Ramaswamy, Ann Coulter, Elon Musk, Dhingra, It’s, Payal Sawhney, she’s, Sawhney Organizations: Amherst College, South Asian, Trump, Democratic National Convention, Republican National Convention, South, Drew University, NBC, GOP, Elon, Indian, Locations: South, India, Georgia, , New Jersey, Indian, Indian American, U.S, ” Los Angeles
Extraordinary circumstances have degraded 40% of global land iStockCertain places around the world are already experiencing this at an accelerated rate. And that’s just one state; at present rates, land degradation threatens half of the global GDP. The Economics of Land Degradation also estimated that each dollar invested into land restoration will return up to $30 in value. The threat of land degradation is a shared burden. And a decade after the Changwon Initiative was launched, it has successfully defined Land Degradation Neutrality, enabling 129 countries to align with its principles and work towards zero land degradation.
Persons: COP16 Organizations: United Nations Convention, UN, Changwon Initiative Locations: COP16, Riyadh, Saudi Arabia, Egypt, California, United States, Saharan Africa, Canada, Spain, United Kingdom, Sahel, Africa
The monkey, named Jorgie Boy, was taken from his owner, Brandi Botello, on Saturday morning after Dallas police officers responded to a single-vehicle accident. Botello told NBC Dallas-Fort Worth that she was charged with DWI but maintained that she was not driving. Botello told the station that the driver was a male acquaintance and that he was charged with public intoxication. Because Botello lives in Irving, a neighboring suburb, the monkey was transferred to Irving's animal control department, Dallas police said. The sanctuary's owner said the monkey would not be returned to its previous owner, the Morning News reported.
Persons: influencer, Brandi Botello, Botello, Irving, Boy, Jorgie Organizations: Dallas, Police, NBC Dallas, Fort, Dallas Morning News, Morning News, NBC News, Morning, Irving Locations: Dallas, Fort Worth, Irving, Texas
Ex-Google CEO Eric Schmidt says there's "no evidence" of an AI slowdown. AdvertisementEric Schmidt says there's "no evidence" artificial intelligence scaling laws are stopping as some in Silicon Valley worry about an AI slowdown. He said there will be "two or three more turns of the crank of these large models" over the next five years, referring to improvements in large language models. Related Video Why "deployment of AI is top of mind for everybody," according to IBM's Jonathan Adashek"There's no evidence that the scaling laws, as they're called, have begun to stop. AI scaling laws are the theoretical rules that broadly state models will continue to improve with more training data and greater computing power.
Persons: Eric Schmidt, Schmidt, LLMs, , IBM's Jonathan Adashek, we're, OpenAI's, OpenAI, Claude, Gary Marcus, Sam Altman, Anthropic Organizations: Google, Service, Bloomberg, New York University, OpenAI, Business Locations: Silicon
Tesla's Chinese rivals are building their own humanoid robots to rival Tesla. EV startup Xpeng unveiled its Iron humanoid robot at its AI day event this month. The company said Iron was already deployed in its factories, joining BYD and Nio in using humanoid robots to build cars. AdvertisementTesla is facing fierce competition in China from local EV makers — and now they're building their own versions of Elon Musk's Optimus robot. AdvertisementThe scramble to incorporate humanoid robots comes as Elon Musk touts Tesla's Optimus robot.
Persons: Iron, , Tesla, Elon, Xpeng, Ubtech, Walker, BYD, Elon Musk, Tesla's Organizations: Service, , Aircraft, Dongfeng Motors, EV, Elon Locations: BYD, China, Tesla
Given the sheer volume of enemy drones, helicopters have joined the counter-drone fight. In Ukraine and Israel, helicopters of all kinds are hunting down drones. In Ukraine, a huge country compared to Israel, helicopters are a means to shield its airspace against large drone salvos. Advertisement"Given the Russian Shaheds' slow and low flight pattern, rotary aircraft can easily chase and destroy them," Borsari said. Modifications of this kind could make helicopters more effective drone hunters in the future, supplementing other ground- and air-based systems.
Persons: , It's, Israel's, it's, Nicholas Heras, Samuel Bendett, Federico Borsari, Borsari, Paul Iddon Organizations: Service, Iran, New Lines Institute, Center for Naval, Center for, Helicopters, Royal Navy Wildcat Locations: Ukraine, Israel, Washington ,, Ukrainian, Lebanon, Syria
Inside Microsoft's struggles with Copilot
  + stars: | 2024-11-15 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +23 min
In September 2023, Microsoft's famously soft-spoken CEO, Satya Nadella, unveiled the company's flagship AI product, Copilot, with sweeping fanfare. Some of Microsoft's own employees and executives are privately concerned that Copilot won't be able to deliver on its ambitions. Copilot's struggles have created an opening for Microsoft's rivals, some of whom have seized on the opportunity to promote their own agendas. "Now, when Joe Blow logs into an account and kicks off Copilot, they can see everything," said one Microsoft employee familiar with customer complaints. As complaints and questions over Copilot mount, so does the pressure to justify Microsoft's unprecedented level of spending on AI.
Persons: Microsoft's, Satya Nadella, Gartner, Copilot, it'll, Copilot's, Marc Benioff, Benioff, Goldman Sachs, Marc Andreessen, Andreessen Horowitz, Ethan Miller, Jared Spataro, Spataro, , Joe Blow, Joe, Nadella, Gary Marcus, Marcus, Wile, Coyote, Brontë, Judson Althoff, Jason Zander, Zander, We've, OpenAI, Tasos Katopodis, Steve Jobs Organizations: Microsoft, Venture, Getty, Goldman, BI, Fortune, Excel, Lumen Technologies, Honeywell, Gartner, Wall Street, Initiative, Department of Homeland Security, Employees, San Francisco, Software, Apple, Jobs Locations: Microsoft's, Copilot, New York City
San Francisco tech bros lacked consideration and were more homogenous to one another. New York City tech bros are more diverse and considerate, yet dating remains complex. I've dated tech bros in San Francisco and New York City and have found that each city attracts completely different types of men. I wasn't looking to date tech bros, it just so happened every man I went on a date with in San Francisco was. Tech bubbles exist in San Francisco and New YorkMost San Francisco tech bros I met would be dressed in their Patagonia vests and work uniforms like a copy and paste of one another.
Persons: Chloe Diaz, , It's, Bumble, would've, I'd, Mason Margiela, They're, I've, haven't, Tess Martinelli Organizations: bros, San, Service, Arizona State University Law School, San Francisco and New, Big Tech, Spotify Locations: San Francisco, NYC, New York City, San Francisco and, San Francisco and New York City, San Francisco and New York, Patagonia, New York, York, tmartinelli
AdvertisementWinnie Thompson got pregnant at 16 and gave birth to her son at 17. Her son left for college in a different state, and she finds herself in a unique life transition. AdvertisementI got pregnant when I was 16 and gave birth to my son two weeks after I turned 17 years old. Now he's off to college, and I'm trying to figure out what to do next with my life. By the time my son was in high school, I had become an entrepreneur.
Persons: Winnie Thompson, , St . Louis, Marwin, it's Organizations: High, American University Locations: Atlanta, St ., Washington ,
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