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☆ Your Amazon Prime plan might soon cut your cell phone bill down to around $10 — or even make it free
▼ + stars: | 2023-06-02 | by ( Steven Tweedie | ) www.businessinsider.com time to read: +3 min

Amazon could be gearing up to offer "Prime Wireless." The low-cost cell phone plan could help Amazon boost its Prime subscribers, Bloomberg reports. Amazon may soon be dangling yet another perk in front of prospective Prime members: the chance to save big on your monthly cell phone bill. The company is in talks with wireless carriers about potentially offering a Prime Wireless plan that could range from $0 to $10 per month for Amazon Prime members, Bloomberg reported on Friday. Even at $10 a month, a Prime Wireless plan would represent real savings for most people.

Persons: Bradley Mattinger, JD Power, Jeff Bezos Organizations: Bloomberg, Mobile, Verizon, Wireless, Amazon Prime, Amazon, juicing, Prime Wireless, JD, CNBC, Alexa

☆ Modi inaugurates controversial new parliament building in India
▼ + stars: | 2023-05-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

A cyclist rides past the construction site for the new Parliament building in January 2021. Controversial projectThe new triangular parliament building is part of a major overhaul of New Delhi’s colonial-era administrative center dubbed the Central Vista Redevelopment Project. The rush was widely thought to have resulted from hopes of opening the parliament building by the 75th anniversary of Indian independence in August 2022. Capacity is also limited — a concern magnified by growing calls to increase the number of MPs sitting in India’s parliament. A photo of the parliament's interior taken during a visit to the building by Modi earlier this year.

☆ VistaJet CEO defends company's financials as auditor raises liquidity, debt concerns
▼ + stars: | 2023-05-19 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

watch nowVistaJet CEO Thomas Flohr defended his company's financial standing following reports that the fast-growing private charter jet company is facing liquidity and debt trouble. All documents and data was always available to our equity and debt holders," Flohr said. "We as a company, both shareholders and bondholders, [are] only focused on EBITDA, the cash creation of the company," Flohr said. That's as a private company the choice we're making as this conservative policy in place, but we might change it going forward." "Going forward, this infrastructure really allows us to grow the company from approximately $800 million EBITDA to $1.5 billion EBITDA," he said.

☆ 'Hey Netflix! You broke it — now fix it': On the picket lines with Hollywood writers as they bring signs, slogans, and sunscreen to their fight against the studios for 'as long as it takes'
▼ + stars: | 2023-05-03 | by ( Reed Alexander | Alison Brower | ) www.businessinsider.com time to read: +12 min

A writers' strike has been underway since overnight Monday. Thousands of Hollywood writers have fanned out across the streets of Los Angeles since early Tuesday afternoon, waving signs and chanting to demonstrate their resolve. Insider spoke with eight WGA members who are picketing or contributing to the work stoppage in other ways. Are you a member of the Writers Guild of America or do you work in the entertainment industry? How is the writers' strike impacting you?

☆ Vice Is Said to Be Headed for Bankruptcy
▼ + stars: | 2023-05-01 | by ( Lauren Hirsch | Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Vice, the brash digital-media disrupter that charmed giants like Disney and Fox into investing before a stunning crash-landing, is preparing to file for bankruptcy, according to two people with knowledge of its operations. The filing could come in the coming weeks, according to three people familiar with the matter who weren’t authorized to discuss the potential bankruptcy on the record. More than five companies have expressed interest in acquiring Vice, according to a person briefed on the discussions. The chances of that, however, are growing increasingly slim, said one of the people with knowledge of the potential bankruptcy. A bankruptcy filing would be a bleak coda to the tumultuous story of Vice, a new-media interloper that sought to supplant the media establishment before persuading it to invest hundreds of millions of dollars.

Indeed, the annual Occupational Employment and Wage Statistics report appears to show the pandemic was a trend-hastening event rather than a trend disrupter. A larger share of jobs reshuffled across occupations from 2016 to 2019 than was the case between 2019 and 2022, as the economy emerged from the pandemic. The highest rates of increased wages occurred in the lowest-paying jobs after the pandemic struck. The smallest median pay increases in that span came for management occupations, where the median wage rose by just 2.6% versus 8.6% in the three years before the pandemic. Some of the big occupation gainers reflect changes driven by the pandemic and other issues, such as the growth of the non-fossil fuel energy sector.

☆ This A.I.-focused tech fund is up more than 20% this year, beating 90% of its peers
▼ + stars: | 2023-04-09 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

One tech fund is capitalizing on the artificial intelligence boom — and beating 90% of its peers this year. "is probably the largest technology theme, driver and disrupter in the next 10 plus years," said Adam Benjamin, fund manager of the $9.5-billion Fidelity Select Technology Fund (FSPTX). Companies that rushed to embrace digital transformation during the pandemic continue to seek ways to improve efficiency through large language models like ChatGPT enabled by A.I., Benjamin said. "In terms of who is really driving the adoption and will be the enabler behind this technology, Nvidia is really far up," Benjamin said. Going into the period of higher rates, software "had gotten probably several orders of magnitude out of whack relative to historical valuations," Benjamin said.

☆ An anti-abortion judge overseeing a Texas lawsuit that could ban an abortion pill wanted to delay announcing the hearing date, The Washington Post reported
▼ + stars: | 2023-03-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Judge Matthew Kacsmaryk is overseeing a lawsuit that challenges the FDA approval of mifepristone. A hearing was scheduled for Wednesday, but the judge hoped to delay publicizing the date, per WaPo. But the Texas judge overseeing the case — who is known for his conservative politics and anti-abortion stance — hoped to hide the date of the hearing until right before the scheduled date, The Washington Post reported. In addition, he told attorneys on the call that members of the courthouse have received threats due to the lawsuit, the Post reported. According to the report, the Post had attempted to seek information about the date of the hearing before the Friday call but received no response.

☆ How Elon Musk Ruined Tesla, Let Other Car Companies Catch up on EVs
▼ + stars: | 2023-02-26 | by ( Nora Naughton | ) www.businessinsider.com time to read: +12 min

"I feel stupid driving around with my brand-new Tesla Model Y," Mark told me. Tesla spent the past two decades defying expectations and disrupting the automotive industry, but in 2023 the once revolutionary car company did the seemingly unthinkable: It turned fanboys against it. But after years of rocketing ahead of legacy car companies' tech, the futuristic guts of Tesla's vehicles have started to go stale. Companies like Ford and Audi are changing their sales strategies to model Tesla's innovative direct-sales style. These companies have something Musk doesn't: nationwide networks of brick-and-mortar locations where customers can have their vehicles serviced and repaired.

☆ Starbucks' Schultz highlights the Club case for investing in the coffeemaker
▼ + stars: | 2023-02-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Our business is quite strong," Schultz said Tuesday. But Schultz, who rejoined Starbucks as interim CEO in April 2022, will remain on the company's board. The Club take We were encouraged to hear upbeat comments from Schultz around inflation, demand and renewed momentum in China. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017.

☆ ChatGPT used by mental health tech app in AI experiment with users
▼ + stars: | 2023-01-14 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +11 min

But for a few thousand people, the mental health support they received wasn’t entirely human. About 4,000 people got responses from Koko at least partly written by AI, Koko co-founder Robert Morris said. Academics, journalists and fellow technologists accused him of acting unethically and tricking people into becoming test subjects without their knowledge or consent when they were in the vulnerable spot of needing mental health support. “There are millions of people online who are struggling for help.”There’s a nationwide shortage of professionals trained to provide mental health support, even as symptoms of anxiety and depression have surged during the coronavirus pandemic. In June, the World Health Organization included informed consent in one of its six “guiding principles” for AI design and use.

☆ 'Coup-mongering' Bolsonarista's battle cry reveals a radicalized Brazil
▼ + stars: | 2022-12-28 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +9 min

Lots of people realized this wasn't a safe place," said Lucas Mello, a 22-year-old TikToker who has lived in the camp since Dec. 5. Three days after the riots, Moraes released Baldin, sent him home with an ankle bracelet, and barred him from talking to the media. "The heavily violent (protests) ... occurred in exactly the same context that motivated the temporary arrest of Milton Baldin," Moraes wrote in his sealed ruling. Bolsonaristas deride Moraes as an unelected despot who has censored free speech and trampled on the president's executive power. On Dec. 9, Bolsonaro broke weeks of post-election silence with an ambiguous message many viewed as encouragement to his protesting supporters.

☆ Jeff Bezos' leadership style propelled him to become one of the richest men in the world. Here's what you can learn from it.
▼ + stars: | 2022-12-28 | by ( Elle Hardy | ) www.businessinsider.com time to read: +13 min

Former CEO Jeff Bezos, who stepped down in late 2021, led with a slogan of step ferociously. After he predicted that ecommerce was about to take off, Bezos founded Amazon as an online book retailer in 1994. According to the man himself, the value that "surprises people" is Amazon's fourth leadership principle: "are right, a lot." "No PowerPoints are used inside of Amazon," Bezos has said. Bezos ran elements of Amazon like a startup, such as being notoriously frugal when it came to company expenses.

☆ Tech wreck shows ripple effects into startup ecosystem after layoffs
▼ + stars: | 2022-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech wreck shows ripple effects into startup ecosystem after layoffsCNBC's Julia Boorstin reports on how CNBC Disrupter 50 are faring.

☆ Here are Thursday's biggest analyst calls: Apple, Amazon, Tesla, Chipotle, Capital One, United & more
▼ + stars: | 2022-12-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley downgrades Capital One and Ally Financial to underweight from equal weight Morgan Stanley said in its downgrade of Capital One and Ally Financial that it sees "significant risk" for both stocks. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by it's overweight rating on Tesla but is concerned 2023 could be a disappointing year in general for electric vehicles. Morgan Stanley initiates Vizio as equal weight Morgan Stanley said it's concerned the television tech company lacks scale to keep up with bigger competitors. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it's standing by shares of Salesforce after the company's disappointing earnings report on Wednesday. Morgan Stanley reiterates Snowflake as overweight Morgan Stanley said investors should stick with shares of Snowflake for the long-term after its earnings report on Wednesday.

☆ Is it now time to buy Uber shares? Two market players give their take
▼ + stars: | 2022-11-03 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

With such a mixed picture, should investors buy the dip on Uber, or should they continue to stay on the sidelines? But for those who are looking for growth and future profit assets — which is a very tough thing to do in this market — there's Uber. While Uber's growth potential is undeniable, investors have long been skeptical about its ability to do so profitably. The company will generate about $4 billion in free cash flow in 2024 and $5 billion in 2025, he estimates. It's popping on free cash flow.

That's not the done thing," a senior French official said. "The goal is to make Berlin understand there's a problem," the senior French official said. We even struggled to get them to meet in person," the French official said. German officials say that they are aware they need to reduce their reliance on China, but they add that this should not mean banning all Chinese investment in Europe. read moreGerman officials say France had been invited to join but declined.

☆ Universal film boss Donna Langley reveals how her studio changed the way you see movies and her hopes for an all-female 'Fast & Furious'
▼ + stars: | 2022-10-26 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +13 min

Universal film chief Donna Langley says movies will never go back to "those exclusive traditional windows" in theaters. "I would love to see a female 'Fast,'" she said about the future of the "Fast & Furious" franchise. Though it seems Langley has an insatiable drive to dominate the cutthroat film industry, she revealed to Insider in a recent phone interview that her mission is simple: "Make the right kind of movies that fit the cultural zeitgeist globally." Steven Spielberg and Donna Langley at "The Fabelmans" world premiere at the 2022 Toronto International Film Festival. We are a theatrical business and theatrical will always lead our business.

☆ Hulu insiders are confused and frustrated about their future as Disney and Comcast battle it out for control of the streamer
▼ + stars: | 2022-10-20 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +10 min

Sparring between Disney and Comcast CEOs over Hulu has stoked uncertainty among insiders about the streamer's future. Many wonder how Hulu will stay differentiated from Disney+ if Disney becomes Hulu's sole owner. Insiders and advertisers alike are also watching to see if Hulu will lose some of its distinctiveness as Disney invests more in Disney+. "That was a clear departure from Disney being family-focused and Hulu being general entertainment," said a second former Hulu exec. And as the CEOs posture, people inside the streamer are eager for leadership to tell them, as a third former company insider put it, "what Hulu means to the Walt Disney Company."

☆ Former NASA official says a Russian designer famously inspired Elon Musk to launch SpaceX by spitting on his shoes
▼ + stars: | 2022-06-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Former NASA Deputy Administrator Lori Garver details how Elon Musk first started SpaceX in a new book. Musk decided to launch the company after he was disrespected by several Russians, per reports. The SpaceX CEO famously decided to launch his own space venture after he was spat on by a Russian engineer in 2001. Garver commented on the incident in "Escaping Gravity: My Quest to Transform NASA and Launch a New Space Age," published June 21. The Co-Founder described the situation similarly in a biography on Musk by Ashlee Vance, "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future."

☆ How much Netflix pays employees, according to salary data
▼ + stars: | 2022-03-02 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +2 min

2022 was a year of disruption for Netflix, but the streamer is still hiring as it expands into gaming and other areas. Insider analyzed public data to get a snapshot of how much Netflix employees in the US make. We combed through public data to get a snapshot of Netflix salary levels and updated the story with the latest data available. The data, released by the US Department of Labor's Office of Foreign Labor Certification, shows how much Netflix offered to pay employees who it wanted to hire in the US through work visas. Netflix offered certain staffers between October 2020 and September 2022 base salaries ranging from $40 per hour to $800,000 per year for a variety of different roles, according to the data.

☆ The definitive story of how a controversial Florida businessman blew up MoviePass and burned hundreds of millions
▼ + stars: | 2019-09-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +28 min

In 2017, he became the CEO of data company Helios & Matheson Analytics. At that price MoviePass would start losing money when a subscriber used the service more than once a month. MoviePass CEO Mitch Lowe and Helios & Matheson CEO Ted Farnsworth after the company hit 1 million subscribers. The same day MoviePass reached 1 million subscribers, a milestone it hit faster than Netflix and Hulu. Related storiesTo draw a crowd, MoviePass blasted out an invitation to the Big Boi show to its then 2 million subscribers.

Persons: John Travolta, He'd, " Gotti, John Gotti, Travolta, Ted Farnsworth, Mitch Lowe, who'd, he'd, Farnsworth, Lowe, Gotti, Dave Kotinsky, Samantha Lee, Stacy Spikes, Spikes, Spikes wasn't, MoviePass, —, Ava DuVernay, Malcolm D, Lee, Hulu, Hamet Watt, Chance Yeh, He's balding, He's, Ted I, La Toya Jackson, couldn't, Matheson, Watt, Helios, Mitch, Ted, MoviePass swag, Dennis Rodman, Jerry Media, hite, Boi, ann u, abi l, tim e, red tha, ord, ul, hal, ove, flo, ann o, bec, lon, Jen, liv, dre Organizations: HBO, Manhattan's SVA, Helios, Matheson Analytics, Netflix, Matheson, MoviePass, SEC, Sony, Miramax, Loews Cineplex, Spotify, Pandora, AOL, True Ventures, Business, Ventures, AMC, Federal Communications Commission, Matheson's, Reuters, Hulu, Coachella Valley Music, Arts Festival, Jerry, acc, pla Locations: Manhattan's, MoviePass, Houston , Texas, San Francisco, America, New York, Florida, India, New, Palm Springs , California, Coachella, fes, ord, pla, Mo

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