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☆ Inshur provides embedded insurance to ride-hailing companies like Uber. Check out the 16-slide pitch deck used to secure $19 million.
▼ + stars: | 2024-10-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Insurtech startup Inshur has secured $19 million in Series B funding. AdvertisementNew York-based startup Inshur, which provides bespoke insurance for workers in the on-demand economy, has secured $19 million in Series B funding. AdvertisementIts products are used by ride-hailing clients such as Uber and can be embedded into a company's existing platform. For example, Uber drivers can log in using their Uber credentials on the Inshur app, to get a quote, said Bratshpis. The Series B, led by Viola Growth and with participation from MS&AD, brings the startup's total funding to $80 million.

Persons: —, Dan Bratshpis, Viola Growth, Inshur Organizations: Service, Uber, American Business Insurance Services Locations: New York

☆ I stayed at the hotel recently named the best in the world. After spending $900 for one night, I'm not sure I agree.
▼ + stars: | 2024-10-17 | by ( Paul Oswell | ) www.businessinsider.com time to read: +1 min

I stayed at Capella Bangkok two weeks after it was named the best hotel in the world by 50 Best. I had a great stay and think it's one of the best hotels in Bangkok, but not in the world. AdvertisementI happened to be on vacation in Bangkok when the results of the annual World's 50 Best Hotels were announced a few weeks ago. Each year, 50 Best ranks hotels based on votes from a panel of 600 industry experts around the world. It's owned by the luxury hospitality brand Capella Hotel Group, which I was familiar with because I'd stayed at Capella Sydney when it opened in 2023.

Persons: —, I'd Organizations: Capella Bangkok, Service, Capella Hotel Group, Capella Sydney, Capella Locations: Bangkok, Capella Bangkok

☆ The S&P 500 once again briefly rode Nvidia's coattails to all-time highs
▼ + stars: | 2024-10-17 | by ( Alex Harring | Kavitha Shastry | ) www.cnbc.com time to read: +2 min

Nvidia 's rally to a record intraday high on Thursday briefly helped lift the S & P 500 into uncharted waters, leaving investors to wonder what's next for the artificial intelligence trade. The S & P 500 broad market index also touched a record high during the day, mostly driven by strong semiconductor and financial stocks. Nvidia's stock, which scored an all-time closing high on Monday, has added 1.6% so far this week. NVDA 1D mountain Nvidia, 1-day chart Martin likes the AI trade looking ahead, especially as year-end — typically a strong time for the market — nears. And then they'll try and take some profits, and then they'll try and buy it back a little cheaper, and then it'll go back up again."

Persons: what's, Jensen, Tom Martin, Martin, they'll, it'll Organizations: Nvidia, Taiwan Semiconductor, Investments Locations: Taiwan, China

☆ Latino audience is key for NFL growth in the U.S. and abroad
▼ + stars: | 2024-10-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

Pacheco, who is of Puerto Rican descent, earlier let Daddy Yankee try on his two Super Bowl rings. The Super Bowl on TelevisaUnivision's over-the-air broadcast network broke records, the company said, averaging 2.3 million viewers across all of its platforms, the largest audience for the Spanish language broadcast of a Super Bowl. Still, it was a small contribution to the total 123.4 million viewers of the 2024 Super Bowl. "Seventy percent of the people that had watched the Super Bowl had not watched any other playoff games that year," TelevisaUnivision's Lowenstein said. Pedro Vilela | Getty Images Sport | Getty Images

Persons: Isiah Pacheco, Rob Carr, wasn't Taylor Swift, Travis Kelce —, Daddy Yankee, Pacheco, Olek, Marissa Solis, Solis, " Solis, Loewenstein, Jaire Alexander, Wagner Meier, Christian Gonzalez, Guard Landon Dickerson, Tanner McKee, Brooke Sutton, TelevisaUnivision's Lowenstein, Pedro Vilela Organizations: Kansas City Chiefs, Philadelphia Eagles, Getty, National Football League, Kansas City, Puerto Rican, Arrowhead, Chiefs, NFL, Nielsen, U.S, CNBC, American U.S, Green Bay Packers, Arena Corinthians, Comcast, Pacheco and New England Patriots, Paramount, CBS, San Francisco 49ers, Fox Deportes, NBCUniversal's Telemundo, Bowl, Fans Locations: Glendale , Arizona, Puerto, Puerto Rican, TelevisaUnivision, U.S, Sao Paulo, Brazil, Pacheco and, Mexico, Spanish

☆ Bank bosses aren't worried about lower interest rates — and even see some upside
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.

Persons: shrugged, —, Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi

☆ Why we're downgrading our solar stock Nextracker, plus the chipmakers bounce back
▼ + stars: | 2024-10-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.

Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP

☆ CNBC's Inside India newsletter: The changing face of India's rich
▼ + stars: | 2024-10-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

Speaking to CNBC's Inside India, Kohli noted that India's wealthy now come from a swathe of industries. India's stock market became the fourth-largest in the world at the start of the year, after overtaking Hong Kong. Meanwhile, those whose wealth that falls between 10 to 50 million Indian rupees are in the affluent category, he added. Historically, India's wealthy had a median age exceeding 50. Drivers of India's wealthThe growth in India's wealthy population comes in tandem with the nation's economic progress.

Persons: Ratan Tata, Waterfield, Ratan Tata —, Ambani, Himanshu Kohli, Kohli, Pramod Gubbi, Marcellus, Lee, Gubbi, Knight Frank, What's, Malcolm Dorson, Dorson Organizations: Tata Group, Fortune India, Tata Sons, Tata Steel, Tata Consultancy Services, Tata Motors, Titan Company, Marcellus Investment, Lee Kuan Yew, of Public, National University of Singapore, Bombay Stock Exchange, Global, Volvo, Apollo Locations: India, Tata, CNBC's, Hong Kong, Pune, Hyderabad, Ahmedabad, Chennai, U.S

☆ When my nonbinary teen changed her name, I supported her. But I still accidentally use her birth name, and it can upset her.
▼ + stars: | 2024-10-17 | by ( Dana Dubois | ) www.businessinsider.com time to read: +5 min

At 11, my kid came out as nonbinary and changed her name and pronouns. I immediately accepted my kid's new name but accidentally deadnamed her on a trip. Saundrah and Annika went to get bubble tea, so I asked my kid if she wanted to go, too. When she didn't react to me deadnaming her on our trip, I realized she had made peace with the transition. I'd like to think this shift happened in part because she's been 100% supported in her gender journey.

Persons: —, Taylor, Nico, I'd, Saundrah, Annika, I'm, would've, you've, she's, it's Organizations: Service Locations: Germany, Munich, Prague, Berlin

☆ Uber's potential bid for Expedia is the latest example of Dara Khosrowshahi's 'super app' vision
▼ + stars: | 2024-10-17 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

The potential deal would take Uber closer to "super app" status, according to one analyst. CEO Dara Khosrowshahi has said he wants to make Uber a one-stop app for transportation and delivery. AdvertisementUber's reported interest in travel booking website Expedia points to one way the ride-hailing app could get closer to CEO Dara Khosrowshahi's vision of an everything app. AdvertisementHowever, in a May interview with Skift, Khosrowshahi resisted describing Uber as a potential "super app," calling the term "loaded." Meantime, Uber might not need to buy Expedia in order to offer Expedia bookings, according to Gordon Haskett's Mollins.

Persons: Uber, Dara Khosrowshahi, —, Dara Khosrowshahi's, Gordon, Robert Mollins, Khosrowshahi, Elon Musk, Skift, Gordon Haskett's Mollins, Mollins Organizations: Financial Times, Service, Uber, Twitter Locations: China

☆ For a limited time, Robinhood is offering users unlimited bonuses to transfer their investments
▼ + stars: | 2024-10-17 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

For a limited time, Robinhood is offering bonuses to users who transfer investments to the app. From October 16 to 27, claim HOOD Week bonuses of up to 3% on transfers for Robinhood Gold subscribers. If you've been considering choosing Robinhood Investing for your investments, the platform's brand-new HOOD Week is the time to make the switch. Cash management accounts availableCheck mark icon A check mark. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee.

Persons: you've, Robinhood Organizations: Robinhood Gold, HOOD, Federal Reserve, IRS, Robinhood, Robinhood Financial Locations: Robinhood, U.S

☆ Hurricane Milton’s losses of up to $34 billion could make it one of the costliest storms in US history
▼ + stars: | 2024-10-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Losses from Hurricane Milton could reach as high as $34 billion, according to an early estimate of both flood and wind damage from research firm CoreLogic, with between $4 billion to $6 billion of those losses being uninsured flood damage. Most insured flood damage is covered by the National Flood Insurance Program (NFIP), run by the Federal Emergency Management Agency. Homeowners who live in areas at high risk of flooding are often required by their mortgage lender to have flood insurance. The Milton losses will likely total far below CoreLogic’s estimated losses of up to $47.5 billion from Hurricane Helene, which came only two weeks before Milton. The lower end of the insured losses estimate from CoreLogic would be $17 billion, with $13 billion of wind damage covered by homeowners and business insurance , and $4 billion of insured flood losses.

Persons: Hurricane Milton, ”, Daniel Betten, Milton, “, Tom Larsen, Hurricane Helene, Ike, Helene Organizations: New, New York CNN, tornados, National Flood Insurance, Federal Emergency Management Agency, Homeowners, Hurricane, Insurance Information Institute, Florida Gulf, Citizens Property Insurance Corp Locations: New York, Hurricane Milton, Florida, United States, Sarasota, Tampa, CoreLogic, Hurricane, Florida Gulf Coast

☆ Panel Calls for Secret Service Overhaul in Report on Trump Shooting Attempt
▼ + stars: | 2024-10-17 | by ( Eileen Sullivan | More About Eileen Sullivan | ) www.nytimes.com time to read: +1 min

An independent panel reviewing the failures that led to the attempted assassination of former President Donald J. Trump in July called on the Secret Service to replace its leadership with people from the private sector and focus almost exclusively on its protective mission. Those include the failure of the Secret Service to secure a nearby building where a rooftop would-be assassin fired eight shots toward Mr. Trump. That and other security lapses, members of the panel said, result from an absence of “critical thinking” among agents and supervisors. The panel was particularly struck by a “lack of ownership” conveyed by the agents it interviewed. A panel convened in 2014 after a man scaled the White House fence and entered the mansion made similar proposals.

Persons: Donald J, Trump Organizations: Service, Department of Homeland Security Locations: Butler, Pa

☆ CNBC Sport: Why bars and restaurants are shedding 'Sunday Ticket' subscriptions
▼ + stars: | 2024-10-17 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +29 min

As a condition of that deal, EverPass included the right to build its own commercial streaming connection for "Sunday Ticket," bypassing third-party licensing. 1) Some commercial establishments are switching to EverPass's internet product. 2) Some commercial establishments are cutting the cord on pay-TV in general. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates.

Persons: Alex Sherman, DirecTV's, What's, EverPass, Lillian Rizzo, –, Everpass, It's, Craig Kilborn, Val Ackerman, Ackerman, that's, We're, Alex, you've, they're, Jeff Shell, Tom Brady, Tom Wagner, CNBC's Michael Ozanian, Jessica Golden, Brady, He'll, Wagner, Warner, Jake Piazza, CNBC's Rizzo, Nielsen, That's, — Ian Charles, Arctos, Charles, NBC's Peacock, Christian Miller, Miller, Adam Silver doesn't, Jim Dolan, Abu, Greg Norman, Norman, Rory McIlroy, Tiger Woods, Chiney Ogwumike Organizations: CNBC, NFL, Google, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, Amazon Prime, ESPN, Dish Network, Big East Conference, WNBA, Big, CNBC Sport, Skydance, Paramount Global, Shell, Paramount, Las Vegas Raiders, Knighthead, Raiders, Fox Sports, NBA, Warner Bros, Discovery, TNT, MLB, Los Angeles Dodgers, New York Mets, Mets, Revenue, League, Golden State Warriors, Boston Celtics, Philadelphia Phillies, Wall Street, Comcast, Puma, NBC News, U.S, SEC, New York Times, Sphere Entertainment, Saudi Arabia's Public Investment Fund, Sports Business, PGA, Chiney, Continent Foundation, Philadelphia Eagles, Kansas City Chiefs, Visual China, Getty, Big East Locations: Apple, New York, American, Boston , Philadelphia, Northern California, U.S, Abu Dhabi, Vegas, Queens, Africa, Newport Beach , California

☆ How Blackstone made 18,000 workers owners of their HVAC company
▼ + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.

Persons: Blackstone, Copeland, Here's, —, Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan

☆ Klarna, the buy-now, pay-later firm, is looking to make a Robinhood-like product for trading stocks, an internal job ad shows
▼ + stars: | 2024-10-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Klarna is assembling a team to build a stock-trading tool to compete with Robinhood, according to an internal message seen by BI. AdvertisementSwedish fintech firm Klarna is hiring a team to build a product that would compete with Robinhood's trading platform by letting customers buy and sell stocks through its app. "Our mission is to obliterate the barriers to consumer investing and empower every Klarna user to build their financial future in a single place - the Klarna App," the internal message said. Lombaard said the company is exploring the possibility of "offering customers the opportunity to buy and sell stocks" and exchange-traded funds, or ETFs, in the Klarna app. Related storiesA spokesperson for Klarna told BI: "Klarna continuously explores new product concepts to serve our customers.

Persons: Klarna, —, Ludo Lombaard, Lombaard, Uber, Jyoti Mann Organizations: BI, Service, Business, Apple, Adidas, Klarna, Bloomberg Locations: Swedish, Europe, jyotimann

☆ Nicola Coughlan got 'spooked' after stumbling upon an AI clone of her own voice. She's not the only performer it's happened to.
▼ + stars: | 2024-10-17 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

Nicola Coughlan said she was "spooked" after encountering her AI vocal likeness on TikTok. AI-generated audio featuring the vocal likeness of public figures is common on social media. But Coughlan herself experienced a new horror — running into her AI-generated vocal likeness. "It was just an AI version of my voice, and it spooked me so badly," Coughlan told Time. Voice actor Connor Fogarty told Business Insider in September that he had encountered AI-generated videos featuring his voice on social media, which a fan took down at his request.

Persons: Nicola Coughlan, —, Coughlan, Coughlan didn't, she's, Drake, Munch, Donald Trump, Joe Biden, Barack Obama, Biden, unpresidential, Donald's, that's Donald Grump, Scarlett Johansson, OpenAI, Johansson, Connor Fogarty Organizations: Service, YouTube, Hollywood, WGA Locations: Hollywood, TikTok, States

☆ Israel says it killed Hamas leader and October 7 mastermind Yahya Sinwar
▼ + stars: | 2024-10-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The Israeli military said Thursday it killed Hamas' leader, Yahya Sinwar, in an operation in Gaza. AdvertisementThe Israeli military said Thursday that it killed Hamas' leader, Yahya Sinwar, during an operation in Gaza, eliminating the architect of the October 7, 2023, massacre. The Israel Defense Forces released a statement confirming that soldiers from its 828th Brigade killed Sinwar in southern Gaza on Wednesday. But despite months of intense Israeli air and ground operations that have leveled much of Gaza, Sinwar managed to remain elusive. Related storiesIsrael's devastating Gaza war has left over 40,000 Palestinians dead — most of them civilians, per local assessments.

Persons: Yahya Sinwar, —, Sinwar, Yahya, Yoav Gallant, Danny Danon, Avi Melamed, Ismail Haniyeh, Israel, Hassan Nasrallah Organizations: Service, Israel Defense Forces, 828th Brigade, IDF, ISA, Israeli, United Nations Locations: Gaza, Israel, Lebanon, Iran

☆ McConnell says it doesn't matter he once called Trump 'a despicable human being' because JD Vance said worse things
▼ + stars: | 2024-10-17 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Mitch McConnell privately tore into Donald Trump, calling him a "despicable human being." The top Senate Republican made the comments during oral history interviews that he disclosed to his biographer. McConnell privately said Trump was a "despicable human being" and a "narcissist" whose character was antithetical to everything a president should be. Related storiesHe "has every characteristic you would not want a president to have," McConnell said in an oral history at the time. Privately, Vance mused to a friend that Trump was like Hitler.

Persons: Mitch McConnell, Donald Trump, McConnell, —, Sen, JD Vance, Trump, Lindsey Graham, Michael Tackett, Tackett, that's, Roe, Wade, Elaine Chao, Vance, Trumper, Privately, Vance mused, Hitler Organizations: Republican, Trump, Service, Associated Press, Republicans, Cabinet, GOP, Business, Publicly Locations: Ohio

☆ Taylor Swift shook off publishers for her new book. That could spell trouble for the rest of the industry.
▼ + stars: | 2024-10-17 | by ( Samantha Grindell | Madeline Berg | ) www.businessinsider.com time to read: +11 min

Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.

Persons: Taylor Swift, Swift, —, she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan

☆ One Direction members mourn death of Liam Payne: ‘We will miss him terribly’
▼ + stars: | 2024-10-17 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

“And for the record, Liam was in my opinion the most vital part of One Direction. Malik left the group in 2015, spawning the announcement that One Direction was going on an “indefinite hiatus” the following year. All five former members went on to pursue solo careers, including Payne, who released his most recent single “Teardrops” in March. Just weeks before his death, Payne was seen in Argentina attending Horan’s concert, posting videos of himself dancing and singing along on his Snapchat page. Payne’s family previously said a statement that they’re “heartbroken” by his death, according to the UK’s PA Media news agency.

Persons: Harry Styles, Niall Horan, Zayn Malik, Louis Tomlinson, Liam Payne, ”, ” Styles, Horan, Malik, Tomlinson, Liam, ” Tomlinson, Payne, ” “ Liam, “, Bear, Simon Cowell, Styles, Christopher Polk, “ I’ve, ” Payne, they’re, “ Liam, Cowell Organizations: CNN, Demand Entertainment, UK’s, Media, Fremantle UK Locations: ”, Buenos Aires, Argentina, Los Angeles

☆ Pennsylvania Republican House candidate touts union ties in must-win race
▼ + stars: | 2024-10-17 | by ( Emily Wilkins | ) www.cnbc.com time to read: +4 min

watch nowIn his campaign's TV ads, Pennsylvania Republican House candidate Rob Bresnahan talks about being a third-generation union contractor. It's not surprising for a candidate in northeastern Pennsylvania to trumpet their union ties. Support from unions is critical in Pennsylvania, where union members make up 14.1% of the state, according to the Bureau of Labor Statistics. SCRANTON, PENNSYLVANIA - OCTOBER 09: Rob Bresnahan, Republican nominee for Pennsylvania's 8th Congressional District, takes the stage during a Republican presidential nominee, former U.S. President Donald Trump campaign rally at Riverfront Sports on October 09, 2024 in Scranton, Pennsylvania. At the Sheet Metal Workers Local 44 Union Hall in Wilkes-Barre in early October, local union leaders frequently referred to Cartwright as a "friend."

Persons: Rob Bresnahan, Matt Cartwright, It's, Bresnahan, Donald Trump, Sen, JD Vance, Cook, Pennsylvania's, Michael M, Cartwright, Trump, Keshia Williams, He's, " Cartwright, Tom Williams Organizations: Pennsylvania Republican, Democratic, Republican, Bureau of Labor Statistics, White, Senate, NBC, Cook, Congressional, Riverfront Sports, Santiago, Getty, . Census, Sheet Metal Workers, SEIU, Teamsters, AFL, CQ, Inc, Cq Locations: Pennsylvania, Ohio, SCRANTON , PENNSYLVANIA, Scranton , Pennsylvania, Wilkes, Barre

☆ Visa is undervalued considering its consistent growth, says Mike Khouw. How to trade it
▼ + stars: | 2024-10-17 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

As a global leader in digital payments, Visa has 4.2 billion credit and payment cards in circulation across more than 200 countries. Through its advanced transaction processing network, VisaNet, the company facilitates payment authorization, clearing, and settlement, and it is one of the most remarkable and consistent growth stories around — along with fellow payment processing company Mastercard. The following chart illustrates its remarkably consistent growth since the pandemic plunge (which naturally suspended considerable economic activity). While a 30 P/E is higher than the market's, the S & P trades closer to 26 times earnings; Visa should trade at a premium. The ability for consumer spending growth to continue apace is limited, so presumably, topline growth will slow somewhat.

Organizations: Visa, Mastercard, DOJ, Nvidia, United Health, Southwest Airlines, CNBC, NBC UNIVERSAL

☆ TikTok's next big move: Helping creators launch product lines by connecting them with suppliers
▼ + stars: | 2024-10-17 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

TikTok wants to help creators sell their own custom products. Startups like Pietra help creators of all audience sizes break into product development by connecting them with manufacturers and opening avenues to test small-batch orders. TikTok creators can earn a commission on Shop sales they drive from their videos. Boosting sales on TikTok Shop has been a major focus at the company since the feature launched in the US in September 2023. AdvertisementDouyin, which, like TikTok, is owned by Chinese tech firm ByteDance, drives hundreds of billions in product sales annually.

Persons: TikTok, —, Logan Paul, Emma Chamberlain, they've Organizations: Service, TikTok, Shop

Meta terminated employees who used $25 Grubhub credits meant for office meals on non-food items. Meta employees reacted to the news on the company's Blind channel. The Grubhub meal perk is meant to support Meta employees at locations where free meals aren't provided by a cafeteria, or when employees work into the evening. "They violated a 'follow this rule or you will be terminated' policy, and they were terminated. Another Meta employee referenced Mark Zuckerberg's "year of efficiency" strategy in assessing the recent firings.

Persons: —, Grubgate, Read, Mark Zuckerberg's Organizations: Service, Meta, Business, Grubgate, Reality Labs Locations: Meta

☆ Paul Pogba eyes return to soccer after doping ban: ‘I’m not a cheater’
▼ + stars: | 2024-10-17 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +2 min

CNN —Paul Pogba is determined to return to soccer following a ban from the sport after testing positive for a banned substance in August 2023. Following the provisional ban, NADO Italia said that testosterone, which can be used to increase athletic endurance, was detected in the midfielder’s system after Juventus beat Udinese 3-0. “I am not a cheater, I am someone who loves my sport and loves the game. “I would love to be on the pitch, any pitch. The main focus is to get back training and fit, to be on the pitch and do what I love.”

Persons: CNN — Paul Pogba, NADO Italia, Pogba, “, ” Pogba, ”, Les Organizations: CNN, Juventus, Italy’s, NADO, Udinese, “, Sky Sports, Reuters, Sport, Italian, Juventus –

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