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☆ Words Used at the Democratic and Republican National Conventions
▼ + stars: | 2024-08-23 | by ( Jonathan Corum | ) www.nytimes.com time to read: +4 min

From left, Chip Somodevilla/Getty Images;J. Scott Applewhite/Associated PressWords Used at the Democratic and Republican National ConventionsSpeakers at the Democratic National Convention used more than 109,000 words over four days in Chicago this week. Their choice of words and phrases contrasts the themes and ideas of last month’s Republican National Convention. Excluding common and routine words, the most frequently spoken words at the Democratic convention were:A similar number of words were spoken at the Republican convention in Milwaukee last month, with speakers using more than 110,000 words over four days. Speakers at the Democratic convention leaned into words about liberty and patriotism, mentioning “freedom” 227 times compared with 67 times at the Republican convention. Words like “woman,” “joy” and “weird” were also used more often by Democratic speakers.

Persons: Chip Somodevilla, Scott Applewhite, Donald J, Kamala Harris’s, Joseph R, Biden, Tim Walz Kamala Harris, Trump JD Vance, Kamala –, Harris, Putin –, – –, Mandel Ngan, Will Oliver, Walz, Kenny Holston, Joy, ”, Trump, Obamacare Organizations: Democratic, Republican, Democratic National Convention, Republican National Convention, Love, Social Security, Trump, Biden, Harris –, AFP, Shutterstock, Associated Press, New York, “ America, Republicans Locations: Chicago, Milwaukee, Ukraine, Russia, China, Israel, Gaza, Iran, Afghanistan

☆ A Campaign That Just Started Is Almost Over
▼ + stars: | 2024-08-23 | by ( Jess Bidgood | ) www.nytimes.com time to read: +1 min

She used the opening words of the biggest speech of her life to change the subject. Because Harris has been atop her party’s ticket for only about a month, she and Trump have sprinted in a matter of days through campaign elements that normally take months. Harris has raced to define herself and her candidacy, running a campaign heavy on rallies and light on policy and taking questions from the press. Trump, who built a campaign premised on defeating President Biden, has struggled to change up his attacks. Here’s my road map to the rest of the campaign.

Persons: Kamala Harris, ” Harris, “ Let’s, Donald Trump, Harris, Trump, Biden Organizations: Democratic, Convention

Donors weigh in on the D.N.C. “I will bring together labor and workers and small-business owners and entrepreneurs and American companies to create jobs,” she told the Democratic National Convention last night. The nod to corporate America comes as Democrats try to firm up relations with big business. DealBook has been hitting the phones all week to hear what donors thought of the four-day convention. A flood of donors decided to go only after Harris became the presumptive nominee.

Persons: Kamala Harris’s, ”, DealBook, Harris, Brad Karp, Paul, Weiss, Raymond McGuire, Lazard, Blair Effron, John Rogers Jr Organizations: Democratic, Convention, Chicago, Centerview Partners, Ariel Investments Locations: America

☆ All of the A-list celebrities seen at the Democratic National Convention
▼ + stars: | 2024-08-23 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The 2024 Democratic National Convention was held this week. 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 . AdvertisementBeyoncé did not attend the Democratic National Convention despite TMZ's widely cited report that she would make a surprise appearance. Still, many other A-list stars traveled to Chicago's United Center to support Vice President Kamala Harris and Gov.

Persons: Tony Goldwyn, Ana Navarro, Mindy Kaling, Kerry Washington, Oprah Winfrey, Beyoncé, —, Kamala Harris, Tim Walz Organizations: Democratic, Convention, Service, Chicago's United Center, Gov, DNC

☆ After a Big Week for Democrats, One Good Day for Trump
▼ + stars: | 2024-08-23 | by ( Shawn Mccreesh | ) www.nytimes.com time to read: +1 min

It was a moment the political world had been wondering about for weeks. If Vice President Kamala Harris had a good convention, would it knock former President Donald J. Trump further off his game? Would all that positive press for Ms. Harris — the big ratings, celebrity froth and the double-barreled Obama zingers — drive Mr. Trump deeper into his most self-destructive patterns? Mr. Trump had turned up at the restaurant to stand among service industry workers and promote his “no tax on tips” policy proposal. He stayed mostly focused — he did not talk all about himself but rather about the plight of waiters and bartenders.

Persons: Kamala Harris, Donald J, Trump, Harris, froth, Obama, — Organizations: Internal Locations: Las Vegas

☆ Nvidia will be in the spotlight next week as Wall Street wraps up a tumultuous August
▼ + stars: | 2024-08-23 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

NVDA YTD mountain Nvidia Wall Street is bullish heading into Nvidia's earnings results next week, figuring any hiccups to its next generation AI chips does little to dim the earnings potential of a company that essentially has a monopoly on the market. Economists polled by FactSet anticipate PCE to show increases of 0.2% month on month and 2.6% from the year-earlier period. Wall Street anticipates that stocks could go higher from here, though the road from now to the end of the year could be bumpy. Other notable earnings results include tech names Salesforce and CrowdStrike, as well as consumer names such as Campbell Soup, Dollar General and Ulta Beauty. Earnings: Nvidia , Bath & Body Works , J. M. Smucker , Salesforce , CrowdStrike , NetApp , HP Thursday Aug. 29 8:30 a.m.

Persons: Nvidia's, chipmaker, they've, Harsh Kumar, Piper Sandler, Blackwell, Jensen Huang, Jim Cramer, Kumar, Louis Navellier, Jerome Powell, Jackson, Powell, FactSet, David Miller, Miller, Kamala Harris, Donald Trump, He's, Campbell, Lululemon Organizations: Nvidia, Blackwell, Navellier, Associates, Federal Reserve, PCE, Nasdaq, Dow Jones, U.S, Catalyst Funds, Ulta, Dallas Fed, Richmond Fed, Body, HP, Autodesk, PCE Deflator, Chicago PMI Locations: Russia, Ukraine, Chicago, Michigan

CNN —The dramatic change at the top of the Democratic presidential ticket unleashed a flood of donations to the campaign account Kamala Harris inherited from Joe Biden, swamping even Donald Trump’s strongest fundraising days, a CNN analysis of newly filed campaign reports shows. The donor enthusiasm for Harris’ surprise candidacy has quickly eroded the cash advantage Trump once held. The Harris campaign had previously announced collecting a whopping $310 million in July through its joint fundraising efforts with aligned Democratic Party committees – far exceeding the nearly $139 million that the Trump political operation said it had brought in last month. A Harris campaign official said Tuesday the team expected to cross the $500 million mark in fundraising in the coming days. The CNN review examined sums raised by each candidate’s main campaign committee – a valuable resource in politics because those committees by law must receive discounts on television advertising, giving candidate-controlled money a greater impact than donations to parties and outside groups.

Persons: Kamala Harris, Joe Biden, swamping, Donald Trump’s, Harris, Harris ’, Trump Organizations: CNN, Democratic, White, Trump Locations: New York

☆ The Next Generation
▼ + stars: | 2024-08-23 | by ( Todd Heisler | Tim Balk | ) www.nytimes.com time to read: 1 min

Todd Heisler/The New York TimesIn One Image The Next Generation By Todd Heisler with Tim BalkVice President Kamala Harris took the stage on Thursday night to accept her party’s nomination, capping a Democratic convention unlike any other in modern history. Just four weeks after President Biden dropped out of the presidential race and gave his support to Ms. Harris, she set out to introduce herself to the American public. As Ms. Harris detailed her mother’s influence on her own life, her great-niece Amara, 8, in a pink pantsuit and pigtails, watched from the front row of the crowded convention hall. Ms. Harris emphasized her experience, her patriotism and the urgency of the moment. But for young women like Amara, the significance of the moment was unmistakable.

Persons: Todd Heisler, Tim Balk, Kamala Harris, Biden, Harris, Amara Organizations: New York Times

☆ Housing market is looking positive going into fall with rate cut expectations, says Bess Freedman
▼ + stars: | 2024-08-23 | 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 EmailHousing market is looking positive going into fall with rate cut expectations, says Bess FreedmanAndy Walden, ICE vice president of enterprise research; Bess Freedman, Brown Harris Stevens CEO; and David Tinsley, Bank of America Institute senior economist, join CNBC's 'The Exchange' to discuss the housing market.

Persons: Bess Freedman Andy Walden, Bess Freedman, Brown Harris Stevens, David Tinsley, CNBC's Organizations: Bank of America Institute

☆ 5 Takeaways From the Democratic Convention
▼ + stars: | 2024-08-23 | by ( Shane Goldmacher | ) www.nytimes.com time to read: 1 min

A month and a day after Democrats made a change, Kamala Harris has the party faithful believing. The vice president’s speech on Thursday capped an ebullient four-day convention in Chicago that showcased the party’s reinvigorated chances against Donald J. Trump in the wake of President Biden’s decision to step aside. Before a convention hall packed with supporters in symbolic suffragette white, Ms. Harris became the second woman to formally accept the Democratic Party’s nomination as she tries to break through as the nation’s first female president. Not that she talked about that. Instead, Ms. Harris wrapped herself in the language of patriotism and American exceptionalism, unspooling the story of her upbringing by a single mother to present herself as a leader who understands the strains and aspirations of the middle class.

Persons: Kamala Harris, Donald J, Trump, Biden’s, Harris Organizations: Democrats, Democratic Locations: Chicago

☆ A veteran reporter was murdered outside his home. Now his newspaper is tasked with covering the alleged killer’s trial
▼ + stars: | 2024-08-23 | by ( Liam Reilly | ) edition.cnn.com time to read: +8 min

In the wake of German’s reporting, Telles went on to lose his Democratic primary race, bringing his time in public office to an end. Following the election, Telles published an angry letter on his website attacking the Review-Journal and its reporting, denying allegations in German’s reporting. Reporters and editors pored over German’s reporting in hopes of finding who was responsible for the attack. Las Vegas Review-Journal investigative reporter Jeff German on June 2, 2021, on the Las Vegas Strip. In the week leading up to Telles’ trial, the Review-Journal published several news articles focusing on the trial and German’s career.

Persons: Robert Telles, Jeff German, Telles, Newsrooms, “, ” Rhonda Prast, German’s, ” Prast, Erickson, Kane, Jeff, ” Briana Erickson, ”, K.M . Cannon, Telles ’, ” Keith Moyer, Arthur Kane, Katelyn Newberg, Katherine Jacobsen, ” Jacobsen, “ We’ll, Glenn Cook, Evan Gershkovich, Gershkovich, Jamal Khashoggi, Khashoggi, ” John Katsilometes Organizations: New, New York CNN, Las Vegas, Democratic, IRE, Las, Tribune, Service, US, Committee, Protect Journalists, CNN, Street, Washington Post, Al Locations: New York, Clark County, Nevada, Sin City, Canada, Caribbean, Florida, Russia, Saudi, Israel, Qatar

☆ Dialing In to Fox News, Trump Offers a Rambling Rebuttal to Harris’s Speech
▼ + stars: | 2024-08-23 | by ( Michael M. Grynbaum | Michael Gold | ) www.nytimes.com time to read: 1 min

Former President Donald J. Trump was watching television on Thursday night and he did not like what he saw. His Democratic opponent, Vice President Kamala Harris, and her allies were accusing him of groveling to dictators, imperiling democracy, and betraying American values. So Mr. Trump picked up the telephone and called Fox News. Several times, Mr. Trump ignored them. Mr. Trump kept talking.

Persons: Donald J, Trump, Kamala Harris, groveling, Harris, —, Bret Baier, Martha MacCallum, Mr, Baier Organizations: Democratic, Fox News, Fox

☆ Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.

Persons: —, Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily

☆ Trump promotes family's new crypto platform, 'The Defiant Ones'
▼ + stars: | 2024-08-22 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. Former President Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, "The DeFiant Ones" to his 7.5 million followers on Truth Social . Within minutes, his son Donald Trump Jr., shared the post with his 12 million X followers. Trump's post includes a link to a Telegram channel called "The DeFiant Ones," which had approximately 29,000 followers as of Thursday morning, and climbing. In May, he became the first major presidential nominee to accept cryptocurrency donations, and in July, the Republican presidential nominee headlined the biggest bitcoin event of the year in Nashville, Tennessee.

Persons: Donald Trump, Trump, Donald Trump Jr, Eric Trump, Donald Jr, Eric, Kamala Harris, Trump's Organizations: Trump Organization, Truth, Republican, Trump, New York Post, Trump senior, Solana Locations: Nashville , Tennessee, U.S, cryptocurrency

At the Democratic National Convention, there has been no shortage of eye-grabbing content. Manicure stations where attendees can have their nails painted blue, with the option to add a “KH” adornment. An abundance of pearls, stars and pantsuits (all signifiers of Vice President Kamala Harris’s style). Mr. Nordeman, a photographer for The New York Times Styles desk, has spent his days in Chicago “walking and looking,” as he put it, until something grabs his attention. “I have an idea of what I’m looking for, but I never know exactly what it is until I see it,” he said.

Persons: Lil Jon, Oprah Winfrey, John Legend, Kamala Harris’s, Harris, JD Vance, Landon Nordeman, Nordeman, The New York Times Styles, “, ” Organizations: Democratic National Convention, Republican, The New York Times, Republican National Convention, The Times Locations: Chicago

☆ U.S. job growth revised down by the most since 2009. Why this time is different
▼ + stars: | 2024-08-21 | by ( Steve Liesman | ) www.cnbc.com time to read: +4 min

A few facts worth considering:By the time the 2009 revisions came out (824,000 jobs were overstated), the National Bureau of Economic Research had already declared a recession six months earlier. (It would subsequently be revised higher in the two of those quarters, one of which was revised higher to show growth, rather than contraction. As a signal that job growth has been overstated by an average of 68,000 per month during the revision period, it is more or less accurate. In the cutting process, the Fed will follow growth and jobs data more closely, just as it monitored inflation data more closely in the hiking process. The jobs data could be subject to noise from immigrant hiring and can be volatile.

Persons: payrolls, Goldman Sachs Organizations: Amerant, National Bureau of Economic Research, Bureau of Labor Statistics, Goldman Locations: Florida, Sunrise , Florida

☆ Harris' foreign policy record suggests focus on China, Indo-Pacific, CFR political scientist says
▼ + stars: | 2024-08-21 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

U.S. Vice President Kamala Harris and Philippines President Ferdinand Marcos Jr., along with their partners, meet at the Vice President's residence in Washington, DC, U.S., on Tuesday, May 2, 2023. Bloomberg | Bloomberg | Getty ImagesVice President Kamala Harris would likely prioritize countering China and strengthening partnerships in the Indo-Pacific region if she were to win the White House, according to American political scientist Rush Doshi. watch nowOn Sunday, the DNC released the 2024 policy platform document ahead of its convention. For insight into Harris' position on the Indo-Pacific, Doshi instead suggested taking into account the policymaker's past work there. Those leaders include now Taiwanese President William Lai in January while he was still vice president and Chinese President Xi Jinping later that same year.

Persons: Kamala Harris, Ferdinand Marcos Jr, Rush Doshi, Harris, Doshi, shouldn't, Joe Biden, William Lai, Xi Jinping, Fumio Kishida, Mike Johnson, Win Mcnamee Organizations: Bloomberg, Getty, White, Democratic, Committee, Europe, China Strategy Initiative, Council, Foreign Relations, DNC, Biden, U.S, Capitol Locations: Philippines, Washington , DC, China, Pacific, Europe, Asia, Hong Kong, Xinjiang, Philippine, Australia, United Kingdom, India, Japan

☆ Epic Systems is building more than 100 new AI features for doctors and patients. Here's what's coming
▼ + stars: | 2024-08-21 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +5 min

Epic is a health-care software giant whose technology is used in thousands of U.S. hospitals and clinics. And one theme stood out during the health-care company's event on Tuesday: How new artificial intelligence features can help doctors and patients. Faulkner said the company has more than 100 AI features in the works, though many of the tools are still in the early stages of development. Doctors will be able to use AI to automatically queue up orders for prescriptions and labs, the company said. He spoke to an AI agent through the MyChart app about his recovery after a supposed wrist surgery and answered questions about his pain.

Persons: Oz, Faulkner, Jensen, Judy Faulkner, Seth Hain, Hain, . Hain, pickleball Organizations: CNBC, Nvidia, Epic Locations: Verona , Wisconsin, U.S

☆ 'Britain's Bill Gates': Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?
▼ + stars: | 2024-08-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Lynch, 59, is the founder of enterprise software firm Autonomy. During the trial, Lynch took the stand in his own defense, denying wrongdoing and telling jurors that HP botched Autonomy's integration. "I keep rare breeds," Lynch told LeadersIn during an interview. Weeks before he was reported missing, Lynch told The Times newspaper of how he feared dying in prison if found guilty over the HP allegations.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch —, Bill Gates, —, Lynch's, Angela Bacares, Hannah —, Morgan, Jonathan Bloomer, Judy, Clifford Chance, Chris Morvillo, Neda, Stephen Chamberlain, Chamberlain's, Lynch, Autonomy's, Chamberlain, Sushovan Hussain, Hussain, David Tabizel, Richard Gaunt, Thoma, LeadersIn, Weeks Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, U.K, Morgan Stanley, Reuters, HP, U.S, Prosecutors, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, BBC, Council for Science, Technology, Capital Management, Thoma Bravo, Forbes, East Anglian Times, The Times Locations: Sicily, Porticello, Palermo, Italy, Cambridgeshire, England, Britain, U.S, Ilford, East London, Chelmsford, English, Essex, U.K, British, Suffolk

☆ Harris and Trump both hate inflation. Their economic proposals could cause prices to go higher
▼ + stars: | 2024-08-19 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Both candidates’ plans would probably raise the deficit and increase demand, including through government spending and tightening the labor market, Joe Brusuelas, chief economist at RSM US, told CNN via email. Trump has so far not released as detailed an economic plan as Harris. Risks of fueling demandA central part of Harris’ economic plan is making housing more affordable. “The problem right now is too many people chasing too few houses,” Justin Wolfers, professor of public policy and economics at the University of Michigan, told CNN. Economists have told CNN that businesses would be forced to raise wages and prices.

Persons: what’s, Kamala Harris, Donald Trump, Harris, Trump, Joe Brusuelas, Brusuelas, Harris ’, ” Marc Goldwein, ” Goldwein, “, ”, Biden, Joe Biden, ” Justin Wolfers, Michelle Holder, Holder, …, ’ Trump, ” Harris Organizations: CNN, RSM, Budget, Child Tax, “, Federal Reserve, Tax Foundation, Social Security, University of Michigan, John Jay College, Center, American Progress Fund, Peterson Institute for International Economics, National Guard Locations: ”, New York, China

☆ Democrats grant special convention access to more than 200 content creators
▼ + stars: | 2024-08-19 | by ( Zach Vallese | ) www.cnbc.com time to read: +3 min

More than 200 digital content creators will attend the Democratic National Convention in Chicago this week with dedicated "creator credentials" that will grant these influencers special access to the party's convention. The convention committee is providing these creators with exclusive access to the week's events and guests. Creators will not be paid to attend the convention or to produce content while they are there. Like journalists, the content creators will also be responsible for their own transportation and housing expenses. The DNCC is also working with creators who can't attend in person, to grant them remote access to engage with the convention.

Persons: Cayana Mackey, Nance, Kamala Harris, Joe Biden, Harris, Elizabeth Booker Houston, Houston Organizations: Democratic National Convention, CNBC, Democratic, Pew Research Center, DNC, Congressional Black Caucus PAC, United Center Locations: Chicago

☆ AI is unlocking new uses for military drones, boosting demand for these companies
▼ + stars: | 2024-08-18 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

We're approaching a new era of defense, one that will use AI-enabled military drones that can run without a human operator. According to BTIG, the DoD requested $5.3 billion in fiscal year 2025 for unmanned systems, most of which is directed at procurement programs. The firm forecasts the DoD's entire unmanned funding requests to grow at a 9.5% compound annual growth rate through fiscal year 2029. General Dynamics is another of Madrid's buy-rated stock in the unmanned systems arena. Strong demand of its defense products, including ammo and ground vehicles, also indicate earnings growth potential, the analyst added.

Persons: Andre Madrid, BTIG, spender, They've, Stocks, Northrop, Lockheed Martin, Morgan Stanley, Kristine Liwag, Liwag, Northrop Grumman, Madrid, Northrop's, It's, Atomics, You've, they've, Kratos, Morgan Stanley's Liwag Organizations: U.S . Department of Defense, DoD, Aircraft, Air, U.S . Navy, U.S . Air Force, Pentagon, CCA, Department of Defense, Dynamics, Kratos Defense, Security Solutions, Northrop Grumman, Lockheed, Air Force, Raider, Defense, Northrop, Boeing, FactSet, General Dynamics, U.S . Army Locations: Nagorno, Karabakh, Ukraine, Madrid, France

☆ Here's how a week's worth of huge economic news will affect the Fed's decision-making
▼ + stars: | 2024-08-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

We have to remember, the Fed made one mistake, the transitory" call on inflation, said Quincy Krosby, chief global strategist at LPL Financial. Specifically, the Fed is faced with how quickly and aggressively it should respond now that the inflation rate is waning . "Jay Powell says they don't want to be data point dependent, and I think that makes sense. I don't think you have signs of weakness in the economy. You don't have signs of inflation being controlled, and you don't have any signal for the Fed to switch focus."

Persons: Jerome Powell's, Jackson, Quincy Krosby, Krosby, Richard Clarida, nonfarm payrolls, Powell, Jay Powell, Clarida, we'll, Komal, Kumar, He's Organizations: Federal Reserve, Fed, LPL, CNBC, Sri, Kumar Locations: Jackson Hole , Wyoming

☆ 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, “

☆ Streaming is getting more expensive for consumers. Here's why
▼ + stars: | 2024-08-16 | by ( Justine Fisher | ) www.cnbc.com time to read: +7 min

Now, looking for a return on their content investments, Disney , Warner Bros. Disney said last week that its combined streaming services — Disney+, Hulu and ESPN+ — were profitable for the first time during its fiscal third quarter. Ahead of earnings, Disney announced it's raising streaming prices by $1 to $2 a month for Hulu, Disney+ and ESPN+. Similar to Disney, Paramount Global said last week in its quarterly earnings conference call that its streaming business, centered on flagship service Paramount+, reached profitability. Discovery said during its second-quarter earnings conference call that streaming ad revenue doubled year over year.

Persons: Jaque Silva, Mike Proulx, Disney, Bob Iger, Iger, Discovery's Max, Comcast's Peacock, Gunnar Wiedenfels, Forrester's Proulx, Proulx, Discovery's Wiedenfels, Discovery, Tim Nollen, Ted Sarandos, Sarandos Organizations: Netflix, Disney, Warner Bros . Discovery, Forrester, Hulu, ESPN, Warner Bros, Paramount, Paramount Global, Discovery, Max, Hub Entertainment Research, Getty, Media, Macquarie, Westend61 Locations: Paramount's, Peacock

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