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Read previewTen years ago, Meta bought WhatsApp for some $21 billion. A few years ago, it announced that WhatsApp had 2 billion users around the world, and that's about it. That's where Meta has started running ads promoting the messaging platform, using the cast of "Modern Family," the long-running sitcom. This isn't the first time Meta has advertised WhatsApp on TV. I ran that thesis by Carl Woog, who runs comms for WhatsApp, and he … said I had it right: WhatsApp thinks middle America is a growth market.
Persons: , Meta, Meta's, WhatsApp, Carl Woog, , Woog Organizations: Service, Facebook, Business, Meta, Hulu, Prestige, NBA Locations: America, Miami , New York, Seattle
The median household income is over $100,000 in six cities, four of which are in California, according to a new analysis by GoBankingRates. In 2024, the median annual household income is estimated to be $78,171, according to data consulting firm Motio Research. In Detroit — which is ranked 30th in population size — the median income is $40,574. The wealthiest cities also tend to offer a high number of well-paying jobs in technology, finance, entertainment or health-care industries. Below are the median household incomes for the 25 most populous U.S. cities, ranked from highest to lowest.
Organizations: Seattle, Boston, Motio Research, Detroit Locations: California, San Francisco, Francisco, Jose , California, Washington, Diego, Oakland, Virginia Beach , Virginia, Austin , Texas, Portland , Oregon, U.S, New York
New York CNN —MOD Pizza, the fast-casual chain where diners can customize individual pizza pies, announced a new owner Wednesday in a move that could prevent or delay a bankruptcy filing. After reports last week that the pizza chain was considering filing for bankruptcy, a company spokesperson said a turnaround plan was underway. “We’re working diligently to improve our capital structure and are exploring all options to do so,” Rick Van Warner, MOD spokesperson, said at the time. MOD, founded in 2008 in Seattle, advertises 40 toppings and eight sauces for its customizable pizzas. Scott Svenson, who founded MOD in 2008 with his wife, Ally, became executive chairperson.
Persons: , Rick Van Warner, Beth Scott, Scott Svenson, Ally, Svenson Organizations: New, New York CNN, MOD Locations: New York, Seattle, United States, Canada
More older Americans are heading toward retirement with little to no savings, and the situation is increasingly income-stratified. An AARP survey found that just around a fifth of American adults 50 and older have no retirement savings. AdvertisementAt the same time, there's a growing income disparity between retirement savings. And, except for the richest Americans, retirement balances didn't have any "detectable differences" during that same period — suggesting that only the highest-earning retirees were saving up more. Are you struggling with retirement savings or don't have enough money saved?
Persons: , I've, I'm, Nancy, there's, she's subsisting, Nancy —, she'd, would've, gee, she's Organizations: Service, Business, Social Security, AARP, Survey, Consumer Finances, Office, Security Locations: Seattle, Canada
Washington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in the burgeoning private market for orbiting habitats. Axiom is one of several companies building private space stations as NASA plans for the International Space Station to end its time in orbit. Already, Axiom has modules of its space station being built by Italian aerospace contractor Thales Alenia. The space station modules Gravitics is designing range from 3 meters (9 feet) to 8 meters (26 feet) in diameter. Axiom was the first to win a NASA contract for building space station modules, and Gravitics would connect its spacecraft later this decade.
Persons: Colin Doughan, Gravitics, Glenn, Doughan Organizations: CNBC, NASA, International, Thales Alenia Locations: Washington, Seattle
Read previewMichael Guan wants you to use AI to bluff your way through that job interview. He's the cofounder and CEO of Final Round AI, a startup building artificial intelligence-powered tools for job seekers. There's a debate in Silicon Valley about the appropriateness of candidates using AI in job interviews. An AI-powered proxy interview demoArjun, a professional interview proxy, hopped on a call to explain how it worked and then gave a demo. Guan argued that using AI during a job interview isn't underhanded; it shows the worker's ingenuity.
Persons: , Michael Guan, Otter.ai, There's, Guan shrugged, Otter, it's, Arjun, AiApply, Aidan Cramer, Cramer, Buddy, that's, résumé, Guan, Jay Ma, Copilot, Ma Organizations: Service, Business, AWS, Google, Microsoft, Hub, Intel, Nvidia, Wayback, Bureau of Labor Statistics, YouTube Locations: Silicon Valley, Facebook, WhatsApp, London, San Francisco, Francisco, China, Seattle, TikTok
Learn moreThe 2024 WNBA All-Star game is just around the corner, which means that it's almost time to watch the biggest names in the WNBA face off. While original tickets have sold out, there are still a few avenues to explore when it comes to how to buy WNBA All-Star Game tickets. Team WNBA and Team USA previously faced off in 2021 ahead of the Tokyo Olympics in an All-Star Game that saw Team WNBA walk away with the win. How to buy WNBA All-Star Game ticketsTickets to the WNBA All-Star Game were originally sold on Ticketmaster but have sold out. How much are WNBA All-Star Game tickets?
Persons: Dearica Hamby, We've, WNBA DeWanna Bonner, Indiana Fever Caitlin Clark, Allisha Gray, Los Angeles Sparks Brionna Jones, Los Angeles Sparks Brionna Jones , Connecticut Sun Jonquel Jones, Los Angeles Sparks Brionna Jones , Connecticut Sun Jonquel Jones , New York Liberty Kayla McBride, Minnesota Lynx Kelsey Mitchell, Dallas Wings Nneka, Seattle Storm Angel Reese, Chicago Sky Team USA Napheesa Collier, Mercury Chelsea Gray, Phoenix, Sabrina Ionescu, New York Liberty Jewell Loyd, Seattle Storm Kelsey Plum, Las Vegas Aces Breanna Stewart, Las Vegas Aces Breanna Stewart , New York Liberty Diana Taurasi, Mercury Alyssa Thomas, Mercury Alyssa Thomas , Connecticut Sun A'ja Wilson, Las Vegas Aces Jackie Young Organizations: Business, WNBA, USA, Team WNBA, Team USA, Tokyo, Ticketmaster, Vivid, WNBA DeWanna Bonner , Connecticut Sun, Indiana Fever, Atlanta, Los Angeles Sparks, Los Angeles Sparks Brionna Jones , Connecticut Sun, Los Angeles Sparks Brionna Jones , Connecticut Sun Jonquel Jones , New York, Minnesota Lynx, Indiana, Dallas Wings, Seattle Storm, Chicago Sky Team USA, Mercury, Las Vegas Aces, New York Liberty, Las Vegas Aces Breanna Stewart , New York Liberty, Mercury Alyssa Thomas , Connecticut Sun Locations: Phoenix , Arizona, USA, WNBA DeWanna Bonner , Connecticut, Boston, Indiana, Los, Los Angeles Sparks Brionna Jones , Connecticut, Los Angeles Sparks Brionna Jones , Connecticut Sun Jonquel Jones , New, Las Vegas Aces Breanna Stewart , New, Mercury Alyssa Thomas , Connecticut
I went to the world's biggest Starbucks — the Reserve Roastery on Chicago's Magnificent Mile. It sells food and drinks not available at normal Starbucks stores, which diners can take to its rooftop terrace. AdvertisementWhile I was in Chicago for a conference in May, I decided to check out the world's biggest Starbucks — the Chicago Reserve Roastery. It opened in late 2019, making it the sixth and most recent Reserve Roastery to open. The upscale coffee houses roast their own coffee beans, sell food, drinks, and merchandise not available at normal Starbucks stores, and host tours and classes as well.
Persons: Organizations: Service, Chicago Reserve Locations: Chicago, York, Seattle
This person is one of over a dozen Amazon employees, investors, and analysts that BI interviewed to better understand Jassy's first 3 years as CEO. Andy Jassy replaced Jeff Bezos (pictured here) as Amazon's CEO in July 2021. In his first 3 years as CEO, Jassy has lost many senior staff. Amazon's spokesperson said the company has "strong retention and continuity" among senior leaders. Amazon's spokesperson said the company is making "huge investments" in AI across AWS and the retail business.
Persons: , Andy Jassy, Jeff Bezos, Jassy, Bezos, EMMANUEL DUNAND, Mark Shmulik, Bernstein, Bernstein's Shmulik, He's, Shmulik, Amazon's, That's, spokespeople, Jassy doesn't, Doug Herrington, Jay Carney, Dave Limp, Adam Selipsky, Dave Clark, Clark, Ted S, Babak Parviz, Parviz, Mark Mahaney, We're, Jeff Organizations: Service, Business, Amazon, Washington Post, BI, Warren, Echo, Microsoft, AWS Locations: Seattle
Read previewCredit card skimmers are on the rise nationwide and they're targeting the country's most financially vulnerable people. The FBI estimates that card skimming costs consumers and banks around $1 billion each year. Last year, Fair, Isaac and Company, a financial data analytics firm, found that debit card skimming grew by a whopping 96% compared to the previous year. Related storiesAuthorities nationwide say reports of card skimming and EBT fraud have increased over the past year. The New York Office of Temporary and Disability Assistance issued an EBT scam alert on July 2, warning of increases in card skimming and phishing.
Persons: , Isaac, WJXT Organizations: Service, FBI, Isaac and Company, Business, Secret Service, Police, Washington State Department of Social and Health Services, Seattle Times, Authorities, New York Office, Assistance, NY Locations: Florida, Virginia , New York
This is where gender-affirming vocal coaches come in. “At the same time, I was taking a voice disorders class, and there was just a single bullet point on there about gender-affirming voice work,” they told CNN. “But that was enough for me to look out on my own and seek further education.”There are different approaches to gender-affirming vocal work. “Transgender vocal training, as it’s sometimes called, sprung up from a marriage of speech pathologists, singing teachers, theater specialists and their techniques. Freya, who is a lesbian, says gender-affirming work is a skill she can offer to her wider LGBTQ community.
Persons: Kevin Dorman, Dorman, , , it’s, ” Dorman, Kim Chandler, Alexis Vandom, ” Vandom, Vandom, ” Bryce Chambers, Chambers, Anna Freya, Freya, It’s, ” Freya, “ There’s, There’s, , Organizations: CNN, Alabama Statehouse Locations: Greensboro , North Carolina, Alabama, Seattle
CNN —Angel Reese had a dominant performance on Friday, extending her WNBA single-season record streak for double doubles to 12 and matching the all-time record, in a big 88-84 road win for the Chicago Sky over the Seattle Storm. The former LSU star’s 12th consecutive double double matches the all-time record set by all-time WNBA great Candace Parker, who achieved the feat across the 2009 and 2010 seasons. I just go out there and do my job,” Reese said after the game about the streak. Chicago held back the persistent Storm behind a resilient Reese, who hit four clutch free throws in the final 20 seconds of the game to seal the win. Asked about the loud and pressure-filled atmosphere in Seattle and the free throws down the stretch, Reese said, “I haven’t always been great at free throws.
Persons: Angel Reese, Reese, Candace Parker, , ” Reese, I’ve, Chennedy Carter, Steph Chambers, Carter, It’s, ” “, I’m Organizations: CNN, WNBA, Chicago Sky, Seattle Storm, Sky, Storm, LSU star’s, Chicago, Seattle, Sunday Locations: Seattle, Chicago, Washington
Mai-lan Phan and her husband, Ryan Wagoner, both 36, reached financial independence, but neither wants to fully retire early. Many Americans are working to achieve financial independence — or having enough savings or income to live comfortably for life. Advertisement"I want to be able to walk away from any job if it's not working," Wagoner said. Nerve damage in her right hand prevented her from returning to work full-time. She said their finances were solid enough from not "keeping up with the Joneses" that she could work less while her husband continued to work full-time.
Persons: Phan, Ryan Wagoner, Wagoner, it's, , I'm, we're, they've, she's, They've, — Phan, We've, we've Organizations: Service, Seahawks, Business, FIRE, Subway, Michigan State University, Microsoft Locations: Phan, Seattle, Michigan, Mexico, Paris, Thailand, Europe, Asia
Read previewThis as-told-to essay is based on a conversation with Trevon Gripper, a 32-year-old job seeker in Texas. There's been a huge change from when I started applying a year ago, when I was like, "remote, remote, remote." Trevon Gripper in a Microsoft video interview in March 2024. Courtesy of Trevon GripperGetting a remote job has become so hardI started a spreadsheet to track my applications and stay organized. Trevon Gripper promoting training content at the company he worked for in March 2023.
Persons: , Trevon Gripper, I've, It's, There's, Trevon, it's, Upskilling, what's, I'm Organizations: Service, Business, Microsoft, LinkedIn Locations: Texas, Houston, Seattle, Atlanta, Gripper
With plenty of dates still remaining in their 2024 tour, there are a few avenues for how to buy Foo Fighters tickets this year. We've got you covered if you're looking for how to get tickets to Foo Fighters' 2024 tour. Foo Fighters 2024 tour scheduleFoo Fighters' European tour concludes on July 7, 2024. How to buy tickets for Foo Fighters 2024 concert tourYou can buy original tickets to Foo Fighters' 2024 Everything Or Nothing at All Tour on Ticketmaster. The least expensive standard original tickets for Foo Fighters' 2024 tour begin at $36 for the band's August 3 show in Denver.
Persons: Dave Grohl, Grohl, Nate Mendel, Chris Shiflett, Pat, Josh Freese, Rami Jaffee, We've, Alex G, they'll Organizations: Business, Foo Fighters, Fighters, Ticketmaster, Denver, Vivid, WA Mammoth, WA Locations: Seattle, North America, Europe, New York City, United States, Bridgeport , Connecticut, Werchter, Belgium, York City, NY, Boston, Hershey, Cincinnati, Minneapolis, Denver, San Diego, Los Angeles, CA, Concord, Portland, WA, Bridgeport, Cincinnati ,, Los Angeles , CA, Hershey ,, San Diego ,, Los Angeles ,, San Diego , CA
Women's soccer is bringing private equity off the sidelines. While other major U.S. sports leagues – Major League Soccer, the National Basketball Association, Major League Baseball and the National Hockey League – have allowed private equity investors to take passive, minority stakes, only the National Women's Soccer League has allowed these firms to take majority control of the economics. Sixth Street was the first to own a team in building out the San Francisco women's team, Bay FC, last year. The second-ever such deal closed a few weeks ago, as Carlyle partnered with men's team, the Seattle Sounders FC, to buy that city's counterpart in the NWSL, the Reign FC. Popov said NWSL attendance, up more than 40% this year, is evidence of the momentum in the sport.
Persons: Jessica Berman, San Francisco women's, Carlyle, Adrian Hanauer, Alex Popov, Popov Organizations: – Major League Soccer, National Basketball Association, Major League Baseball, National Hockey League, National Women's Soccer League, CNBC, Sixth, San, Bay FC, men's, Seattle Sounders FC, FC, Sounders FC, Reign FC, NWSL Board
The settlement will pay $175 million to the state and drivers, many of whom claimed both companies violated Massachusetts wage and hour laws. Also, Massachusetts drivers will be considered independent contractors, meaning they will not receive all the protections of employees. Advertisement"The recent agreement reached in Massachusetts before the ballot initiatives were decided by Massachusetts voters is a favorable outcome for most Massachusetts drivers," Avedian said. What Massachusetts drivers sayAvedian said for the majority of drivers, this settlement is a big step in the right direction. In May, Uber and Lyft struck a deal to pay Minnesota drivers $1.28 per mile and $0.31 per minute minimum.
Persons: , Uber, Lyft, Sergio Avedian, Guy, Avedian, Mark McInerney, he's, Matt R, Matt, Ronald Banks, Jen, isn't Organizations: Service, Business, Uber, Lyft, California Supreme, Research, UC Berkeley Labor Center, Center for Wage, Dynamics, Seattle metros, Drivers, New York City, Taxi, Limousine Commission, New York, Minnesota Locations: Massachusetts, New York , California, Washington, Minnesota, New York State , Minnesota, Boston, Texas and Massachusetts, Chicago , Portland, Virginia, California, Los Angeles, San Francisco, Chicago, New York, New York City, New, Minneapolis
Craft had her wages deposited directly into a Yotta account and used the startup's debit card to pay for all her expenses. CNBC reached out to fintech customers whose lives have been upended by the Synapse debacle. Instead of spending years and millions of dollars trying to acquire or become banks, startups got quick access to essential services they needed to offer. They account for 60% of all new fintech account openings, according to data provider Curinos. The FDIC's exact language about whether fintech customers are eligible for coverage: "The short answer is: it depends."
Persons: Natasha Craft, Craft, fintech, Adam Moelis, Sankaet Pathak, Michele Alt, Scott Sanborn, Sanborn, LendingClub, she's, Rick Davies, Taylor Stitch, " Davies, He's, he's, Davies, hasn't Organizations: FedEx, CNBC, Federal Deposit Insurance Corp, Synapse, Indiana FedEx, Disney, Bank, Trust, JPMorgan Chase, Klaros, PayPal, Getty, Financial Technology Association, D.C, Block, Regulators, Federal Reserve, FDIC, Oakland, San, OCC Locations: Mishawaka , Indiana, Craft, Oakland , California, New York City, Santa Barbara , California, Maryland, Bristol , Connecticut, Seattle, Tennessee, Yotta, Boston, Washington, fintechs, Silicon, San Francisco
A satellite dish is no longer the only way bars and restaurants can air the National Football League's package of "Sunday Ticket" games. With this acquisition, bars, restaurants, casinos and other businesses will be able to stream "Sunday Ticket" games. "Sunday Ticket" is an integral sports package for bars and restaurants since it provides all out-of-market NFL games. Since then, the media rights owners of NFL games have begun to offer games simultaneously on their streaming services — and in some cases exclusively. Netflix also recently won the rights to air two NFL games on Christmas this year, and at least one on the holiday in the following two years.
Persons: EverPass, it's, Alex Kaplan, We're, Peacock Organizations: NFL, Denver Broncos, Seattle Seahawks, Football, EverPass Media, RedBird Capital Partners, DirecTV, EverPass, Google, YouTube, Amazon, Comcast, Netflix Locations: New Jersey
At the heart of the plan is Starbucks' "Siren Craft System," a series of processes that aim to make baristas' jobs easier and speed up service times for customers. Starbucks said more than 10% of its 10,000 stores have already implemented the system, which includes changing the production order for hot and cold drinks. Starbucks reported rates of incomplete mobile app orders in the mid-teens and said occasional customers came in less. Losing customers because of slow orders and other store frustrations could cost Starbucks at a particularly vulnerable time. The company plans to train existing workers for the role or potentially add new baristas, if needed.
Persons: Beata Zawrzel, Laxman Narasimhan, Katie Young, Peter Saleh, Young, Howard Schultz, Narasimhan, Schultz, Macoy McGlaughlin, Walker, we're, McGlaughlin, Baristas Organizations: Starbucks, Nurphoto, Getty, CNBC, Workers Locations: Krakow, Poland, North America
Sixteen years ago, Warren Buffett's Berkshire Hathaway unveiled a $230 million investment in Chinese electric vehicle startup BYD , sparking questions about the conglomerate's unusual foray into early-stage technology. Lately, Berkshire has been selling down the position, ringing the register after earning billions of dollars during its hyper-growth phase. Berkshire trimmed its BYD stake to 5.99% as of June 19 from 7% just a few days earlier , according to a Hong Kong Stock Exchange filing . It has since become the top car brand in China, as well as a major producer of EV batteries. "From a standing start at zero and with very little capital, he rapidly was able to create the best-selling single model in China," Munger said.
Persons: Warren Buffett's Berkshire Hathaway, Charlie Munger, , Munger, Wang Chuanfu, he's, Buffett, Thomas Edison, Bill Gates, BYD, Tesla, Li Lu Organizations: Hong Kong Stock Exchange, Oracle, EV, Elon, Seattle, Capital, Berkshire Locations: China, Berkshire, Munger, Omaha, Shenzhen, Hong Kong
The Economist Intelligence Unit Global Liveability Index ranked the best cities to live in the U.S. for 2024. For the third year in a row, Vienna, Austria, ranked as the world's best city to live. The Hawaii city landed in the top spot because of its high scores in education, infrastructure, and stability compared to other U.S. cities. The 10 best cities to live in the U.S.Honolulu, Hawaii Atlanta, Ga. Pittsburgh, Penn. 29 on the global list, ahead of other major U.S. cities like New York, L.A., and San Francisco.
Organizations: Economist Intelligence, Economist Intelligence Unit, Health, U.S, Los Angeles, Honolulu, Swiet, CNBC, U.S ., Wash . Washington D.C, Ill Locations: U.S, Vienna, Austria, America , New York, Los, Honolulu, Hawaii, America's, States, U.S . Honolulu, Hawaii Atlanta, Ga, Pittsburgh, Penn, Seattle, Wash . Washington, Chicago, Boston, Mass, Miami, Fla, San Francisco, Calif . Minneapolis, Minn, Atlanta , Georgia, New York
CNN —American golfer Nelly Korda has withdrawn from an upcoming tournament after being bitten by a dog, she said on Friday, marking the latest setback in her run of bad luck. “I regret to announce that I must withdraw from next week’s Ladies European Tour tournament in London,” Korda said on her Instagram story. “On Saturday in Seattle, I was bitten by a dog and need time to receive treatment and recover fully.”The world No. 1 apologized to fans and organizers for missing the LET Aramco Team Series tournament at Centurion Club in Hemel Hempstead, England, scheduled from June 28-30. Nelly Korda enjoyed a record-equaling start to the year.
Persons: Nelly Korda, , ” Korda, Lindsey Wasson, Korda, I’m, Organizations: CNN, European, Aramco, Centurion Club, KPMG Women’s, ESPN Locations: American, London, Seattle, Hemel Hempstead, England
AdvertisementAs the way we save for retirement has evolved, some people are now cashing in on the golden age for retirement savings — when benefits were more generous and investments in real estate and stocks boomed. While it's still possible to achieve, a fat retirement account has become rarer. AdvertisementBack in 2007, per GAO's calculations of the Survey of Consumer Finances, around 21% of low-income households had a retirement account balance. While losses weren't as profound for those in the middle-income quintile, their retirement account balances did fall slightly from 2007 to 2019. All of that comes as retirement savings become more of an individual onus.
Persons: , Michael, Connie, didn't, frugality, it's, would've, David John, that's, John, Valerie, who's, Valerie —, hinging, she's Organizations: Service, Navy, Business, Social Security, Survey, Consumer Finances, GAO, AARP, Security, BI Locations: Florida, Denver, Oregon, Seattle
Ca Phe Muoi co-owners Ho Thi Thanh Huong and Tran Nguyen Huu Phong. Traditional Vietnamese coffee is brewed in a phin – a metal, filtered brewing device – that’s placed over a cup or pot. And salt coffee is just one of several distinctive Vietnamese coffee drinks that might raise a few eyebrows among those who’ve yet to sample them. In fruit shake coffee – sinh to ca phe – coffee is combined with banana or avocado to produce a smoothie. And though they serve both iced and hot versions of salt coffee, they think the former is the tastiest option.
Persons: CNN — It’s, Luong, , Ho, Tran Nguyen, , Tran Nguyen Huu, phe muoi, Linh Pham, trung, Mintel, phe Organizations: CNN, , , Bloomberg, Getty, International Trade Council Locations: Hue, Vietnam, Turkey, Hungary, Siberia, Hanoi , Vietnam, Brazil, Hanoi, it's, Asia, California, Seattle, Philadelphia, London, Hue Imperial City
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