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☆ Wasteful consumerism has a new worst enemy: Gen Alpha tweens
▼ + stars: | 2024-09-03 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Some Gen Alpha kids are taking a stand against buying too much stuff — and dragging their parents along for the ride. AdvertisementA 2024 survey of 1,000 Gen Alpha parents found that 63% of their kids care about sustainability. While Zoomers and millennials prefer to shop online, Gen Alpha specifically likes shopping in-store. Som Gen Alpha kids are "minimalists." Overall, Delisle doesn't think it's likely that every Gen Alpha child is above consumerism.

Persons: Yuriy Boykiv, we'll, Gen, McCrindle, Boykiv, Zers, Gen Alpha, Alpha, Wunderman Thompson, Alphas, Julie, she's, aren't, Laura Ascher, Alpha's, Stephen Yalof, David Delisle, Helenor Gilmour, Gilmour, Delisle, spender Organizations: Service, Alpha, Business, — Business, Gen Alpha, Wunderman Thompson Commerce, Gen, tweens, Stanley, Brain Locations: skincare

☆ Soaring sports team values create new pressure for owners on taxes, succession
▼ + stars: | 2024-09-03 | by ( Robert Frank | ) www.cnbc.com time to read: +6 min

Ric Tapia | Getty Images Sport | Getty ImagesSports team owners benefiting from soaring team values are also facing new pressure from two of the oldest certainties in American wealth: death and taxes. With the average age of team owners rising, and team values skyrocketing into the billions, owners and leagues are increasingly focused on how to ensure smooth ownership transitions to the next generation of buyers. Succession and taxes have become especially important in the National Football League, where the average age of team owners is now over 72 and team values are all surging. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. So owners have to be planning for the potential for more punitive estate taxes in the coming years.

Persons: Ric Tapia, Stephen Amdur, Pillsbury Winthrop Shaw Pittman, Robert Frank, Pat Bowlen, Rob Walton, Bud Adams, Grant Halverson, Amy Adams Strunk, Tom Benson, Gayle, Jonathan Bachman, Joe Robbie, George " Papa Bear, Halas, George Halas, Amdur, That's, Roger Goodell Organizations: NFL, Los Angeles Rams, Houston Texans, NRG, Getty, Sports, Pillsbury, National Football League, Former Denver Broncos, Tennessee Titans, Minnesota Vikings, Getty Images Tennessee Titans, Longtime New Orleans Saints, National Basketball, New Orleans Pelicans, New, New Orleans Saints, Mercedes, Benz, Miami Dolphins, NBA, Chicago Bears, Bettmann Locations: Houston, Nashville , Tennessee, New Orleans, New Orleans , Louisiana

☆ Bitcoin rally helps create more than 84,000 new crypto millionaires in a year
▼ + stars: | 2024-08-27 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty ImagesThe population of crypto millionaires in the world soared 95% over the past year, as bitcoin ETFs and other crypto assets climbed, according to a new report. There are now 172,300 individuals worldwide holding over $1 million in crypto assets, up from 88,200 last year, according to a report from New World Wealth and Henley & Partners. There are now 325 crypto centi-millionaires (those with $100 million or more in crypto holdings), and 28 crypto billionaires, according to the report. As other coins have increased in value, the market cap of crypto assets has increased to $2.3 trillion, according to Henley, up from $1.2 trillion last summer.

Persons: Robert Frank, bitcoin, Andrew Amoils, Zhao, Changpeng Zhao, Binance, Benoit Tessier Organizations: Chesnot, Getty, Wealth, Henley & Partners, Forbes, Viva Technology, Porte de Locations: Paris, France, Henley, U.S, Porte

☆ The pros and cons of a condensed campaign for Harris: From the Politics Desk
▼ + stars: | 2024-08-23 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today’s edition, "Meet the Press" moderator Kristen Welker examines whether a shortened campaign calendar will help or hurt Vice President Kamala Harris. Plus, we dive into Robert F. Kennedy's decision to suspend his third-party bid and back former President Donald Trump. I’m speaking, of course, of Donald Trump,” Kennedy added. Still, the initial conservations started earlier, about a week before the Republican convention, with right-wing commentator Tucker Carlson connecting Trump Jr. with Kennedy. From there, Trump Jr. and donor Omeed Malik served as go-betweens to help close the deal.

Persons: Kristen Welker, Kamala Harris, Robert F, Donald Trump, — Harris, Joe Biden’s, Kennedy Jr, Harris, Tim Walz, Vance, Harris ’, Biden, —, Chuck Todd, Hillary Clinton, ” Harris, Alex Seitz, Wald, Read, Matt Dixon, Henry J, Gomez, →, Trump, Katherine Koretski, Ben Kamisar, Garrett Haake, Dasha Burns PHOENIX — Robert F, “, Kennedy, ”, ” Kennedy, Mary Beth Cahill, “ Donald Trump isn’t, he’s, Donald Trump Jr, Tony Fabrizio, Tucker Carlson, Omeed Malik Organizations: NBC, White House, Capitol, Democratic, Trump, → RFK, Democrats, Democratic Party, Democratic National Committee, RFK Jr, GOP, Trump ”, Republican, Trump Jr Locations: Oakland, Iowa, Pennsylvania, Arizona, Ukraine

☆ Kamala Harris accepts Democratic nomination and Donald Trump visits the border: Morning Rundown
▼ + stars: | 2024-08-23 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +6 min

Donald Trump calls for mass deportations during a visit to the southern border. Harris spoke about her upbringing in San Francisco and her “unlikely journey” to becoming a prosecutor, senator and vice president. Anti-Trump sentiment was also a unifying theme this week, with both progressive and conservative speakers warning of the consequences if former President Donald Trump wins in November. Harris hammered the point in her speech, telling the crowd: "In many ways Donald Trump is an unserious man, but the consequences of putting Donald Trump back in the White House are extremely serious." Trump made the comments in an interview with NBC News during a visit yesterday to the U.S-Mexico border in Arizona.

Persons: Kamala Harris, Donald Trump, Harris, “, Read, Joe Biden, Trump, ”, ” Trump, Greg Abbott, Abbott, Sherry Yates Young, Donald Trump’s, Joe Biden’s, Domenick Fini, Ben Affleck, Jennifer Lopez’s, Lopez, — Daysia Tolentino, Elizabeth Robinson Organizations: DNC, Democratic, Democratic National Convention, Indian, Convention, Trump, noncitizens, NBC News, Texas Gov, Republican National Convention, Republican National Committee, NBC Locations: America, San Francisco, Gaza, Chicago, U.S, Mexico, Arizona, Utah

☆ Classic car sales stall in Monterey auctions as new generation takes charge
▼ + stars: | 2024-08-23 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of unsold classics from the 1950s and 1960s. Of the 1,143 cars up for sale, only 821 sold — marking a 72% sell-through rate, according to Hagerty. There were simply too many similar cars at too many auctions to generate strong prices and sales. "It's saturation," said Simon Kidston, the founder of Kidston and a leading advisor to wealthy car collectors. At the same time, a new generation of collectors driving the market — mainly Gen Xers and millennials — prefer cars from the 1980s, 1990s and 2000s.

Persons: Robert Frank, Bonhams —, Simon Kidston, Xers, millennials Organizations: Monterey Car, Arrow, Gooding & Company, Ferraris, Credit, Gooding, Company, Ferrari, Sotheby’s Locations: Monterey —, Monterey

☆ I ran over 100 miles through Death Valley in record heat after recovering from chemo — here's what it was like
▼ + stars: | 2024-08-22 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +1 min

Ray Zahab ran over 105 miles through California's Death Valley during its hottest month on record. Zahab has traversed over 10,000 miles across Earth's deserts but said this trip was personal. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. July was the hottest month in Death Valley National Park's recorded history. It's also when I ran over 100 miles through the scorching desert heat.

Persons: Ray Zahab, It's Organizations: Service, Business Locations: Death

☆ Startup using blockchain to prevent copyright theft by AI is valued over $2 billion after fresh funding
▼ + stars: | 2024-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Generative AI models require huge amounts of training data to enable their systems to produce advanced outputs. But the data that goes into them is often from sources where copyright restrictions are in place. The round values the two-year-old company at $2.25 billion, sources familiar with the matter told CNBC. Fighting AI copyright theftStory is now trying to tackle a timely problem with its tech — theft of copyrighted media on the internet by powerful generative AI models like OpenAI's ChatGPT. But the data that goes into fueling these AI models is often from sources where there's copyright restrictions in place.

Persons: Story, Andreessen Horowitz, Polychain, Smart, Story's, Lee, it's, Dolce Organizations: Getty, San, CNBC, Balmain, Gabbana, Brands, New York Times, Microsoft, Times, Big Locations: Francisco

☆ LVMH CEO Bernard Arnault's family office goes shopping for AI startups
▼ + stars: | 2024-08-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The $220 million round in May, which also included Aglaé, valued H at $370 million, according to the company. While the amounts of Aglaé's investments aren't disclosed, the funding rounds for the AI firms totaled more than $300 million, according to Fintrx. Aglaé also invested in a $25 million seed round for Lamini, a Palo Alto, California-based startup building enterprise AI applications. Aglaé joined Susquehanna to invest in the $27 million seed round for Toronto-based Borderless AI, a human resource management platform. Arnault and his family are, however, big art collectors, and Aglaé was an investor in a $9.5 million funding round for LaCollection, a digital art platform.

Persons: Google's, Wendy, Eric Schmidt, Aglaé, Arnault, Robert Frank Organizations: Accel Partners, Google, CNBC, Fintrx, Aglaé Ventures, Susquehanna, Toronto, Music Media, Back, Netflix, Spotify Locations: Palo Alto , California, New York, Photoroom, France, Paris, Sonarverse, Irvine , California, San Francisco, French, LVMH, Airbnb

☆ Private jet flights are down 15% in two years as Covid-era demand wanes
▼ + stars: | 2024-08-16 | by ( Robert Frank | ) www.cnbc.com time to read: +7 min

Private jet flights fell 15% in the first half of the year compared with their peak in 2022, as the industry grapples with waning demand and a new competitive landscape for high-end travel. Despite a short boost from the Summer Olympics, with a record 713 private jet flights to Paris the last week of July, the private jet industry continues to lose altitude this travel season. Jet It, a large U.S. private jet operator, shut down last year after grounding its fleet of Phenom 300s, Gulfstream G150s and HondaJets. Private jet passengers who paid six figures for flights started facing delays and cancellations as operators couldn’t buy or lease planes fast enough. “Prices are about 20% higher than they were in 2019,” Private Jet Card Comparisons' Gollan said.

Persons: Washington's, J, David Ake, Robert Frank, Covid, Rob Wiesenthal, George Mattson, VistaJet, Thomas Flohr, Doug Gollan, ”, Jay Duckson, —, ‘, I’m, Gollan, Travis Kuhn, “ It’s, ” Gollan, Berkshire Hathaway, ” Kuhn, “ Organizations: Gulfstream, Washington's Reagan National Airport, Getty, Private, Summer, Argus International, Blade Air Mobility, Delta Air Lines, CNBC, Industry, Central Business Jets, Companies, Jefferies, Argus, Berkshire Locations: Arlington , Virginia, Paris, U.S, Covid, Argus, “

Tim Walz defends his military record. Walz defends his military recordDemocratic vice presidential nominee Tim Walz defended his military record during his first solo event on the campaign trail. Vance asserted Walz misrepresented his military record; Walz said he misspoke. Ernesto expected to strengthen into a hurricaneTropical Storm Ernesto on Aug. 13, 2024. Staff Pick: Laci Peterson case back in the spotlightLaci Peterson and Scott Peterson in an undated photo.

Persons: Tim Walz, Walz, ”, Sen, JD Vance, Vance, Donald Trump, Joe Biden, nudging Trump, Chuck Todd, Kamala Harris, Ernesto, Ilhan Omar, Minnesota, Eric Hovde, Democratic Sen, Tammy Baldwin, Laci Peterson, Scott Peterson, Peterson, — Chelsea Stahl, Benjamin Netanyahu, Elvis Presley’s, Elizabeth Robinson Organizations: Labor Statistics, Federal Reserve, Democratic, Minnesota, NBC, Trump, GOP, NOAA, Getty Images Schools, NHC, U.S ., Wisconsin Republican, Senate, Modesto Police Department, Pictures, Israeli, Police Locations: Los Angeles, Ohio, Denver, Boston, Michigan, Asheville , North Carolina, Puerto Rico, Caribbean, British Virgin Islands, U.S . Virgin Islands , Puerto Rico, Vieques, Culebra, California, U.S, Ferguson , Missouri, Tennessee

☆ The Great Detachment is looming for employees, experts warn — especially for Gen Z
▼ + stars: | 2024-08-14 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

And Gen Zers, as the cohort associated with "quiet quitting" and a job being just a job, are leading the charge. "And then there's about 17% who are actively disengaged, they are unhappy. According to Gallup data this year, millennials and Gen Zers are seeing the biggest drop in engagement. Millennials have dropped seven points, from 39% to 32% being actively engaged, while actively engaged Gen Zers have dropped from 40% to 35%. The percentage of actively disengaged millennials has risen from 12% to 17%, while for Zoomers, it has increased from 13% to 14%.

Persons: Zers, Richard Wahlquist, It's, We've, Wahlquist, millennials, Millennials, Leena Rinne, Rinne, they're, I'm, hasn't, Khyati Sundaram, Sundaram, Gen Zs, Zs, Skillsoft, — Organizations: Service, Business, American Staffing Association, Gallup, Skillsoft, BI

☆ CNBC Daily Open: Wall Street surges; Starbucks ousts CEO
▼ + stars: | 2024-08-14 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Economic uncertainty Home Depot exceeded quarterly expectations but lowered its full-year sales outlook , citing weak demand due to high interest rates and consumer uncertainty. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. The baristas have to be energised, clearly they've had some union problems, clearly they've had a lot of new products that haven't worked," Palmer told CNBC "Squawk on the Street." Chief Financial Officer Richard McPhail told CNBC, "Customers aren't just deferring because of higher financing costs.

Persons: Richard McPhail, Laxman Narasimhan, Brian Niccol, Narasimhan, Mellody Hobson, Narasimhan —, Niccol, David Palmer, they've, haven't, Palmer, Sarat Sethi, CNBC's, Sethi, —, Sarah Min, Amelia Lucas, Brian Evans, Samantha Subin, Jennifer Elias, Jeff Cox, Spencer Kimball Organizations: New York Stock Exchange, CNBC, Jefferies, Google, Apple, Gemini, Evercore ISI, Depot, Douglas, Lane & Associates, McDonald's, Starbucks, Walmart Locations: New York City, China

☆ After Democrats' long-held edge, Team Trump starts to close the battleground ad spending gap: From the Politics Desk
▼ + stars: | 2024-08-13 | by ( The Politics Desk | ) www.nbcnews.com time to read: +9 min

After Democrats’ long-held edge, Team Trump starts to close the battleground ad spending gapBy Ben KamisarIf you live in a swing state and are already sick of seeing presidential campaign ads, buckle up. Over that same period of time, the Trump campaign spent less than $230,000. But over the last two weeks, a dramatic shift from the Trump campaign has helped close the gap. It has spent a total of $13 million in those key states, compared to $16.5 million from the Harris campaign. But we’ve written before about how Republicans have cut into the Democrats’ fundraising edge, and these ad spending numbers show the fruits of that effort.

Persons: Ben Kamisar, Alex Tabet, ’, Team Trump, Donald Trump’s, Joe Biden, Kamala Harris, Trump, Harris, Biden, they’ll, it’s, Ruben Gallego, “ Ruben Gallego, David Hathaway, Kari Lake, Gallego, —, ” Gallego, Nasr, ted Auto W, ged Organizations: NBC, White House, Capitol, Phoenix, Democratic, Team, Republican, Republican National Convention, Trump, Biden, Democrats, Democratic Rep, Arizona Senate, GOP, NBC News, rac Locations: Arizona, Georgia, Michigan, Nevada , Pennsylvania, Wisconsin, Mexico, Santa Cruz County, It’s

☆ Allies want Trump to get on message and long Covid test proves elusive: Morning Rundown
▼ + stars: | 2024-08-13 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +10 min

A study on long Covid fails to bring researchers closer to finding a diagnostic test. Why there’s no test yet for long CovidAn estimated 17 million people have long Covid, but identifying people with the condition still can't be achieved with one diagnostic test, researchers said this week. So “clinicians are left to continue doing what we have done in the past,” which is to rule out other potential health conditions rather than diagnosing long Covid, they said. The study is part of the National Institute of Health’s RECOVER Initiative, a billion-dollar-plus effort launched in 2021 to research causes and treatments of long Covid. The Freedom Caucus added that in the event of a stopgap bill, funding should be “extended into early 2025” to avoid passing a funding bill that “preserves Democrat spending.” Both demands would spark a standoff with Democratic lawmakers.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Kevin McCarthy, Joe Biden, Oleksandr Syrskyi, Vladimir Putin, Putin, Aleksei Smirnov, Karen Bass, S. Organizations: Los Angeles, Trump, Former, Fox News, Kremlin, Los Angeles —, Lacrosse, Flag Locations: Florida, Ukraine, Kursk, Ukrainian, L.A, Paris, Los Angeles, Angeles, 4 e

☆ Researchers want to combine an ancient technology with clean energy to save over $1 trillion worldwide
▼ + stars: | 2024-08-13 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

And switching these major manufacturers to cleaner sources of energy, like wind and solar, would help significantly. Batteries are one option, but some scientists think an ancient technology, firebricks, is a cheaper and easier solution. Advertisement"It's a way to heat firebricks to a blazingly hot temperature," he said. Rondo said its system reduces CO2 emissions and lowers the cost of energy because it requires less electricity than hydrogen fuel. AdvertisementForsberg said one of the biggest benefits of the newer firebrick technology is that it updates processes many industries have in place.

Persons: They're, they've, Charles Forsberg, Forsberg, there's, Mark Jacobson, Jacobson, Joey Kabel, Dan Stack, It's, Rondo Organizations: Service, Business, Solutions, Boston Globe, MIT, Stanford University Locations: Kentucky, California

☆ Murdoch family battle highlights Nevada’s secret trust boom
▼ + stars: | 2024-08-13 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The Murdoch family feud taking place in an obscure Nevada court highlights the state's surging popularity as a global center of family trusts and a friendly home to the world's biggest fortunes. The Western state's fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. Yet experts estimate the state likely has hundreds of billions of dollars in trust assets locked away in nondescript office buildings or trust companies, offering little to no visibility to the outside world. In the race among states to attract the hundreds of billions of dollar in new trust assets, Nevada has a comfortable lead. Perhaps its most powerful advantage, and the one with direct bearing on the Murdoch case, is trust flexibility.

Persons: Rupert Murdoch, Lachlan Murdoch, Drew Angerer, Robert Frank, Murdoch, Steven Oshins, Oshins, Thomas Piketty, Emmanuel Saez, Gabriel Zucman Organizations: News Corp, Fox News, Century Fox, Allen & Company Sun Valley Conference, Getty, IRS, Division Locations: Sun Valley , Idaho, Nevada, South Dakota, Tennessee , Delaware, U.S

☆ CNBC Daily Open: Oil soars on Middle-East tensions
▼ + stars: | 2024-08-13 | by ( Abid Ali | ) www.cnbc.com time to read: 1 min

In this article ADANITRANS-INSBUX@TY.1.DJI.IXIC Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. SubscribeThe bottom line

Persons: Michael M Organizations: New York Stock Exchange, Santiago, CNBC Locations: New York City

☆ Wednesday's big stock stories: What’s likely to move the market in the next trading session
▼ + stars: | 2024-08-13 | by ( Jason Gewirtz | ) www.cnbc.com time to read: 1 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 8, 2024. Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching during the rebound and what's on the radar for the next session. Weekly mortgage applicationsChipotle

Organizations: New York Stock Exchange, CNBC Locations: New York City, U.S

☆ The biggest change in the polls since Biden’s exit: From the Politics Desk
▼ + stars: | 2024-08-12 | by ( The Politics Desk | ) www.nbcnews.com time to read: +5 min

In July’s NYT/Siena poll of Pennsylvania, Biden’s popularity was well underwater among likely voters, with 39% viewing him favorably and 59% viewing him unfavorably (-20 net rating). By comparison, 45% had a favorable view of former President Donald Trump, while 52% had an unfavorable view (-7 net rating). Half of likely voters view Harris favorable and 48% view her unfavorably (+2 net rating) in Pennsylvania. As for Trump, his rating in Pennsylvania is now at 48% favorable and 51% unfavorable (-3 net rating). When the three battleground state polls are combined, 46% of likely voters hold a favorable view of him, while 53% hold an unfavorable one (-7 net rating).

Persons: Mark Murray, Kamala Harris, Adam Wollner, Vaughn Hillyard, Donald Trump, Elon Musk, Harris, Joe Biden, That’s, Biden, Trump, it’s, Vaughn Hillyard Elon Musk, Musk, Mayra Flores, Ron DeSantis, ” Trump, ”, —, DeSantis Organizations: NBC, White House, Capitol, Elon, New York Times, Siena College, NYT, Democratic, Getty, Twitter, U.S . Capitol, Republican, Trump Locations: Michigan , Pennsylvania, Wisconsin, Siena, Harris, Pennsylvania, In Pennsylvania, Trump’s, Texas

☆ Another point for life on Mars: Signs of liquid water discovered under the planet's surface
▼ + stars: | 2024-08-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +1 min

Mars just scored another point in favor of alien life. Scientists discovered signs of an ocean's worth of liquid water miles below Mars' surface. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Scientists discovered evidence of a reservoir of liquid water seven to 13 miles below the Martian surface, lingering in the pores of the planet's crust. Still, it's another promising sign that Mars could one day yield the most disruptive discovery in human history — that of life beyond Earth.

Persons: Mars, it's Organizations: Service, NASA, Business

☆ 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

☆ 'Heavy lifter' drones could soon solve Mount Everest's trash problem
▼ + stars: | 2024-08-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Sherpas will soon use drones to remove trash from Mount Everest's slopes. Everest's peak has become a massive garbage dump with 50 metric tons of waste annually. Chinese drone manufacturer DJI developed the "heavy lifter" high-altitude drones. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Visitors have left an estimated 50 metric tons of waste on Everest.

Persons: Sherpas, DJI Organizations: Service, Business Locations: Everest's, Nepal

☆ As a child therapist, I want parents to put less pressure on themselves in August. It's tough enough.
▼ + stars: | 2024-08-11 | by ( Jennifer Underwood | ) www.businessinsider.com time to read: +1 min

I'm a child therapist, and I get so many calls from parents during the month of August. 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 . AdvertisementAs a child therapist, my voicemail inbox hits capacity between the first weeks of August. Every year, new clients, returning clients, and current clients ask, "What am I doing wrong with my children?"

Persons: I'm, — Organizations: Service, Business

☆ New fossils could reveal origin of ancient ‘hobbit’ humans
▼ + stars: | 2024-08-10 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

More bones followed, and at first, archaeologist Thomas Sutikna and his team thought they had uncovered the ancient fossils of a child. And the newly studied fossils represent an earlier hobbit who was 2.4 inches (6.1 centimeters) shorter than the first specimen. Homo erectus was the first ancient human to migrate out of Africa about 1.9 million years ago. Together, the Homo floresiensis fossils paint a portrait of a hardy species able to adapt and thrive despite the presence of hulking Komodo dragons. Defying gravityAstronauts Butch Wilmore and Suni Williams have long outstayed a planned eight days in low-Earth orbit after traveling to the International Space Station aboard Boeing’s Starliner spacecraft in June.

Persons: Bua, Thomas Sutikna, floresiensis, Homo floresiensis, erectus, Homo erectus, Butch Wilmore, Suni Williams, SpaceX’s, Williams, David Brunetti, Pharaoh Djoser, NASA's, squaretail groupers, China’s Chang’e, Ashley Strickland, Katie Hunt Organizations: CNN, International Space, NASA, Sutton, Exploration Rover, Rover, CNN Space, Science Locations: Indonesian, Flores, Africa, African, Sutton Hoo, Suffolk, England, Sutton, Turkey, China, India’s

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