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☆ Meet the people driving billions of dollars in deals for Formula 1
▼ + stars: | 2024-10-20 | by ( ) www.cnbc.com time to read: +1 min

In the high-octane world of Formula One, success is driven by more than just talented drivers and engineers. F1's dealmakers have brokered billions of dollars in revenue off the circuit, generating cash from several places, including media rights, ticket sales, merchandising and sponsorship. Our main source of success is because we are able to connect with our fans, understanding that we are a worldwide business," said Stefano Domenicali, Formula One Group CEO, in an interview with CNBC's Inside Track: The Business of Formula 1. In fact, it was a major deal — Liberty Media's acquisition of F1 in 2017 — that propelled the sport forward. That's where we need to be strong, and that's maybe the reason why we are so successful," he added.

Persons: Stefano Domenicali, Domenicali, Zak Brown, James Vowles, Fréd Vasseur Organizations: Formula One, Liberty, McLaren, Williams Racing, Ferrari HP Locations: United States

☆ Yankees, Dodgers to square off in World Series: 5 storylines to watch
▼ + stars: | 2024-10-20 | by ( Marc Carig | Tyler Kepner | ) www.nytimes.com time to read: +8 min

For the first time in 43 years, two of baseball’s bluebloods are squaring off in the World Series. Finally, it will happen with Aaron Judge and Shohei Ohtani making their respective World Series debuts against one another. Of course, baseball’s postseason is often defined by upsets, and not since 2013 has the World Series featured a matchup of each league’s top team. The Juan Soto ShowcaseThe World Series begins Friday, which is Juan Soto’s 26th birthday. When the Yankees eliminated the Guardians on Saturday night, the last three clubs standing — the Dodgers, Yankees and Mets — were also one-two-three in payroll when the season began.

Persons: Shohei Ohtani, Aaron Judge, Shohei, Nick Cammett, Ohtani, Judge, he’s, Aaron Boone, Dave Roberts, Roberts ’, Roberts, Boone, Clay Holmes, Jason Miller, —, Anthony Volpe, Jazz Chisholm, Giancarlo Stanton, Juan Soto, Juan Soto’s, Soto, Tim Britton, there’s, Steve Cohen, Rustin Dodd, Sean M Organizations: Los Angeles Dodgers, New York Mets, National League, American League, New York Yankees, Los Angeles Angels, Dodgers, Yankees, Baseball, NL, Mets, MLB, Kansas City Royals, East Locations: Los Angeles, pinstripes, Los Angeles and New York, Ohtani

☆ Dodgers finish off Mets to clinch pennant and date with Yankees in World Series
▼ + stars: | 2024-10-20 | by ( Andy Mccullough | ) www.nytimes.com time to read: +10 min

The relievers stitched together 27 outs against a Mets team that had appeared allergic to cardiac arrest this month. AdvertisementWhen Dodgers officials thought about Ohtani, they conjured fantasies about endless streams of revenue and a decade of contending for the World Series. For a few hours after the story broke, Dodgers team president Stan Kasten wondered if the team had built its future around a fraud. The Dodgers hung nine runs on the Mets in Game 1, eight in Game 3 and 10 in Game 4. In Game 6, Mets manager Carlos Mendoza turned to Sean Manaea, his best starter, who had quieted the Dodgers in Game 2.

Persons: Shohei Ohtani, Tommy Edman, Will Smith, Ohtani, Dave Roberts, Andrew Friedman, hobbled, It’s, ” Roberts, Yoshinobu Yamamoto, Yamamoto, Friedman, Tyler Glasnow, Mookie Betts, Freddie Freeman, Ippei, Stan Kasten, Mizuhara, ” Ohtani, Will Ireton, Betts, Clayton Kershaw, Glasnow, Freeman, Ken Rosenthal, Rosenthal, Hernández, ” Hernández, “, ” Rosenthal, Carlos Mendoza, Sean Manaea, Michael Kopech, Teoscar, Edman, Max Muncy, Phil Maton, Smith, SMITH, HOMER 💪, odgers, ake Organizations: ANGELES, National League pennant, Los Angeles Dodgers, National League Division, Dodgers, The Dodgers, New York Mets, National League, Mets, New York Yankees, Dodger, San Diego, Tampa Bay Rays, National League West, Padres, The Athletic, Milwaukee Brewers, Philadelphia Phillies, Manaea Locations: San, Los Angeles, Ohtani, tatters, San Diego, Queens

☆ Charles Leclerc wins F1 U.S. Grand Prix, Lando Norris loses podium to late penalty
▼ + stars: | 2024-10-20 | by ( Madeline Coleman | ) www.nytimes.com time to read: +3 min

Lando Norris used his tire delta to navigate to third place late past Max Verstappen, who complained about his tires multiple times during the race. The stewards are investigating 👀#F1 #USGP pic.twitter.com/oDmpRvOYDM — Formula 1 (@F1) October 20, 2024Leclerc, Sainz, and Verstappen rounded out the podium, widening Verstappen’s lead in the drivers’ championship. Lando Norris started on pole but didn’t hold the lead after passing the massive American flag at Turn 1. Norris’ penalty was costly in the bigger picture of the drivers’ championship fight. Ferrari is now just eight points back of Red Bull for second place, while McLaren leads the championship by 40 points.

Persons: Charles Leclerc, Carlos Sainz, Lando Norris, Max Verstappen, Norris, Verstappen, Red Bull, McLaren, he's, hasn't, 👀#, egan, ando, ince, rix, ravel, hough Organizations: Tire, Lone Star State, United States, Prix, McLaren, “, ust, eads Locations: AUSTIN , Texas

So let us show you everything you need to know about where to watch a free USA Austin F1 live stream wherever you are in the world. As also detailed in our season-long free F1 live stream guide, we can help you watch every race this season via similar options to today's. How to watch free Austin F1 live streams with a VPNSign up for a VPN if you don't have one. How to watch Austin F1 live stream in the USESPN is covering the remaining Formula 1 races this season, but ESPN+ and ABC also have a few, including this week's Austin GP. Check price at FuboHow to watch Austin F1 live stream in the UKWant a free option?

Persons: Verstappen hasn't, Lando Norris, Norris, Austin, you'll, ExpressVPN, it's, FuboTV, There's Organizations: Business, USA, Sprint, USA Austin, Austin, RTL2, AWST, ESPN, ABC, MLB, NHL, NFL, UFC, Hulu, Disney Plus, ESPN Sling, Sky Sports, Sky, Premier League Locations: Americas, USA, ORF1, ServusTV, Austria, Belgium, Luxembourg, TV's

☆ Social Security's retirement trust fund may run out in nine years. Here's how the next U.S. president may address that
▼ + stars: | 2024-10-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

As more retirees start to claim Social Security, there are not enough workers contributing to the program to make up for that increase in benefit payments. But the trust fund Social Security relies on to pay retirement benefits is projected to be depleted in 2033. watch nowBoth presidential candidates — former president Trump and Vice President Harris — have vowed to protect Social Security benefits. "Seniors should not pay tax on Social Security," Trump wrote on July 31 in all capital letters on social media platform Truth Social. Ending taxes on Social Security benefits would move the insolvency date of Social Security's trust fund closer by over one year, according to the Committee for a Responsible Federal Budget.

Persons: Donald Trump, Kamala Harris, Allison Joyce, —, Donald Trump —, Trump, Harris —, Jason Fichtner, Mike Blake, Howard Gleckman, Gleckman, Harris, Kevin Lamarque, Joe Biden, Biden, Governor Walz, Mia Ehrenberg Organizations: Art House Theatre, Bloomberg, Getty, Social Security Administration, Democratic, Republican, Social, Social Security, CNBC, Center, Alliance, Lifetime, Income, Trump, Reuters, ABC, Finance, Urban, Brookings Tax, Brookings, U.S, Union, Employers, Center for Economic, Research, Washington Democrats Locations: Fayetteville , North Carolina, Coachella , California, U.S, Detroit , Michigan

☆ Google DeepMind CEO Demis Hassabis explains what needs to happen to move from chatbots to AGI
▼ + stars: | 2024-10-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Google DeepMind CEO Demis Hassabis says "AI agents" are the next phase of AI after chatbots. According to Demis Hassabis, the CEO of Google DeepMind and a recently minted Nobel laureate, there isn't any secret formula to get there. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. They can use hardware like robots in the physical world, software like a calculator, or even other AI systems.

Persons: Demis Hassabis, —, Hassabis, they've Organizations: Google, Service, The Times Tech

☆ Red Bull's Max Verstappen wins U.S. Grand Prix sprint race
▼ + stars: | 2024-10-19 | by ( ) www.cnbc.com time to read: +2 min

Red Bull Racing's Dutch driver Max Verstappen celebrates winning the United States Formula One Sprint at the Circuit of the Americas in Austin, Texas, on October 19, 2024. He now trails Verstappen by 54 points with six grand prix and two sprint races left in the season. Verstappen has won the U.S. Grand Prix the last three years but has not started the race from pole position since 2021. The sprint victory should renew Red Bull's confidence it has improved a car that Verstappen has alternately called "undrivable" and "a monster" at time this season. The once-dominant Verstappen had not scored a victory of any kind since the Austrian Grand Prix sprint race back in June, and his last victory in a grand prix came a week earlier in Spain.

Persons: Bull, Max Verstappen, ANGELA WEISS, McLaren's Lando Norris, Norris, Ferrari's Carlos Sainz, Verstappen, Red, Ferraris Organizations: United States Formula, Circuit, Getty, United States, Sunday's, U.S, Formula, McLaren, Red Bull Locations: Americas, Austin , Texas, Austrian, Spain

☆ Social media's favorite fake rich kid opens up about his online persona — and his new real-life job
▼ + stars: | 2024-10-19 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Aris Yeager shot to fame by parodying a spoiled, rich European caricature on social media. Yeager recently told Business Insider about his online persona. You may have seen the 24-year-old Belgian-American, better known as "The European Kid," at some point on your social media feeds. But the conflation between Yeager's and Louis' life goes further than being mistaken for billionaires' sons. "I could be a Formula 1 driver," Louis told Sainz in a video earlier this year.

Persons: Aris Yeager, Yeager, —, Louis, Fabrizio Brienza, Bernard Arnault, Louis Vuitton, Alexandre Arnault, Yeager's, Moritz, he's, Carlos Sainz Jr, Anne Hathaway, Shaun White, Sainz, I'm, Philip Davis, Lefty, Storytime, Thomas Repelski, Davis Organizations: Service, New York City, Dior, TF1, Google, Hamptons, Northeastern University, Milano Locations: New York, Europe, TikTok, French, Saint, St

☆ F1 meets Georgia-Texas: Austin readies for one of its biggest sports weekends
▼ + stars: | 2024-10-19 | by ( Madeline Coleman | ) www.nytimes.com time to read: +8 min

AUSTIN, Texas — Just outside Circuit of the Americas stands a large, multicolored billboard. 5 Bulldogs, is one of the biggest college football matchups this year, with two Southeastern Conference powerhouses set to clash. Legendary football coach Nick Saban did a hot lap on Friday, and Jess Sims tested several drivers’ knowledge of American college football, including Lando Norris. Iconic American college football and Formula One racing,” said Drew Martin, Texas’ Executive Senior Associate Athletics Director for External Affairs. “I know the Europeans are particularly fond of college football, in particular the halftime show.

Persons: COTA, GameDay, Elle Duncan Show, Nick Saban, Jess Sims, Lando Norris, It’s, ”, Drew Martin, Martin, “, ” Martin, “ It’s, ” Jess Sims, It’ll, ” COTA, Bobby Epstein, Epstein, Austin ”, Martin reckons, Darrell, Oscar Piastri, ’ Epstein, Eminem, ” Epstein, ’, Alex Albon, Jared C, Tilton Organizations: Tire, Sting, Texas Longhorns, Georgia Bulldogs, United, Texas, Oklahoma State, Kansas State, Southeastern Conference, Iconic American, Formula, Affairs, ” College football gamedays, SEC, University of Texas, Longhorn, ESPN, Dallas Grand Prix, Texas -, Darrell K Royal, Longhorns, McLaren, ” University of Texas Athletics, Circuit, Americas, Austin, Getty Locations: AUSTIN , Texas, Americas, Austin, United States, COTA, Texas, Europe, Texas - Georgia, Georgia, Austin , Texas

☆ These dividend-paying stocks could be in the 'early innings' of a rally
▼ + stars: | 2024-10-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

"As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back through the 50 day [moving average] on this relief rally," he said. "Not yet overbought, it looks to us like the early innings of a reacceleration back towards the highs. XLV YTD mountain Health Care Select Sector SPDR Fund year to date On top of that rally is the added benefit of dividend payouts on many health care stocks. At least 51% of the Wall Street analysts who cover each stock rates it a buy, according to FactSet data. CI YTD mountain Cigna year to date Cigna beat earnings and revenue estimates in its second quarter when it reported results in August.

Persons: Rob Ginsberg, Abbott, Robert Ford, Dickinson, Cigna, Lina Khan, Merck Organizations: Wolfe Research, SPDR, CNBC Pro, Wall Street, nab, Abbott Laboratories, Company, Cigna's, Federal Trade Commission, CVS Health, UnitedHealth, Merck, Co Locations: . Connecticut

☆ The 7 biggest storylines of this Formula 1 season — and their impact on the sport's future
▼ + stars: | 2024-10-18 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

Red Bull is no longer dominantMax Verstappen and Red Bull Racing haven't been as dominant this season. Dan Istitene/Getty ImagesIn a surprising midseason driver swap, Daniel Ricciardo was cut from RB F1, Red Bull Racing's sister team. Audi / Getty ImagesLast week, Toyota announced it would return to Formula 1, joining forces with the Haas F1 team. Audi is poised to join Formula 1 in 2026, taking over the Stake F1 Team Kick Sauber. The American manufacturer Ford also plans to partner with Red Bull in 2026 to provide the team with power units.

Persons: It's, Lewis Hamilton, Bryn Lennon, Mercedes, —, Red Bull, Max Verstappen, haven't, Mark Thompson, McLaren's Lando Norris, Verstappen, Verstappen hasn't, Red, Christian Horner, Adrian Newey, McLaren, Andrea Stella, Lando Norris, Song, Oscar Piastri, Bull, Aston Martin, Adrian Newey Adrian Newey, Bradley Collyer, he'd, Lawrence, Fernando Alonso, Daniel Ricciardo, Daniel Ricciardo's, Dan Istitene, Ricciardo, Yuki Tsunoda, Andrea Kimi Antonelli, Oliver Bearman, Joe Portlock, Liam Lawson, Ferrari's Carlos Sainz, Jack Doohan, they're, Ford Organizations: Ferrari, Mercedes, Red, Miami Grand Prix, Miami Grand, McLaren, Aston, Red Bull, RB F1, Netflix, NASCAR, Alpine, Audi, Getty, Toyota, Haas F1, Haas, Formula, Stake Locations: British, Hamilton, Red, New Zealand

☆ New season premieres October 19, 2024
▼ + stars: | 2024-10-18 | 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 EmailNew season premieres October 19, 2024High speed, high tech and filled with high-flyers – Formula 1 is the world's most elite motorsports league, and in recent years has experienced rapid growth in attendance, viewership and market value. CNBC's new season of "Inside Track: The Business of Formula 1" takes a look at the business to find out what is fueling its popularity and who is profiting.

☆ Williams Racing team principal James Vowles on the business behind Formula 1
▼ + stars: | 2024-10-17 | 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 EmailWilliams Racing team principal James Vowles on the business behind Formula 1James Vowles, Williams Racing team principal, joins 'Squawk on the Street' to discuss Formula One's expansion into the U.S., how to maintain the momentum in the U.S., and how Williams pitches sponsors in the United States.

Persons: James Vowles, Williams Organizations: Williams, Formula, Williams Racing Locations: U.S, United States

☆ I tried Wendy's new Krabby Patty meal inspired by 'SpongeBob SquarePants.' Nostalgia isn't enough for brands to win over customers.
▼ + stars: | 2024-10-17 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +2 min

Wendy's "SpongeBob SquarePants" collab features a new burger and a pineapple-flavored Frosty. When I ordered the meal, The Krabby Patty came with tasty toppings and a tangy signature sauce. Wendy's teamed up with Paramount, which owns Nickelodeon, and "SpongeBob SquarePants" to celebrate the cartoon series' 25th anniversary with a limited-time-only meal collaboration, which launched on October 8. "The Wendy's Krabby Patty is just a standard Wendy's burger with different sauce." This is what I thought of Wendy's new Krabby Patty meal.

Persons: SpongeBob, Patty, —, Wendy's, Wendy, Mufasa, Scar Organizations: Service, Nickelodeon, Paramount, Daily Mail, Business, gripes

☆ 13 best hyperpigmentation products for dark skin, according to experts
▼ + stars: | 2024-10-16 | by ( Ashley Morris | Ashley Morris Is An Associate Seo Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +25 min

I also rounded up a list of the best hyperpigmentation products for dark skin according to their advice and suggestions, along with some of my own personal picks. | How I picked the best hyperpigmentation products for dark skin | The best hyperpigmentation products for dark skin | How to shop for hyperpigmentation products | Why trust NBC Select? How I picked the best hyperpigmentation products for dark skinUsing expert guidance, I rounded up the best hyperpigmentation products for dark skin, including recommendations from the dermatologists I consulted, NBC Select staff picks, and more. Type : Hyperpigmentation products come in a variety of formulas, many of which can be used together in order to better treat discoloration. : Hyperpigmentation products come in a variety of formulas, many of which can be used together in order to better treat discoloration.

Persons: I’ve, Michelle Henry, Hope Mitchell, Nkem, Henry, Ugonabo, Mitchell, ”, Hyperpigmentation, “, ” Mitchell, La, Posay, Cleanser Mitchell, —, Bianca Alvarez, Lindsay Schneider —, I’d, niacinamide, it’s, It’s, Mili Godio, Roche, retinoids “, Retinoids, arbutin, , Patience, TikTok Organizations: Mitchell Dermatology, Union Derm, NBC, La Roche, — NBC, Neutrogena, Facebook, Twitter Locations: Ohio, Union, NYC, La

Thousands of cases of improperly labeled Minute Maid Zero Sugar Lemonade have been recalled after they were found to contain the regular formula of lemonade with 40 grams of sugar, according to the Food and Drug Administration (FDA). Approximately 13,152 cases of mislabeled lemonade, each including 12 cans of the mistakenly sugary drink, were shipped to retail stores in Indiana, Kentucky and Ohio. In addition to the 40 grams of sugar, regular Minute Maid Lemonade contains 30 times the calories and over 20 times the total carbs of Minute Maid Zero Sugar Lemonade, according to the nutritional facts listed on Instacart. Coca-Cola issued the recall on September 10, but a press release was never publicized, according to the FDA’s enforcement report. Concerned consumers can distinguish affected cans by searching for the codes "FEB1725CNA" and "FEB1725CNB" printed on the carton and the bottom of the cans.

Organizations: Food and Drug Administration, Cola, FDA, NBC Locations: Indiana , Kentucky, Ohio

CNN —Ukrainian President Volodymyr Zelensky presented his long-anticipated “Victory Plan” to Ukrainian parliament on Wednesday, after failing to drum up additional, tangible support last week during meetings with European allies. It also outlines provisions to strengthen Ukraine’s defense, implement a non-nuclear strategic deterrence package and grow Ukraine’s economy. The Ukrainian president first presented the victory plan to US President Joe Biden during a September visit to the White House. Ukraine's plan includes a new proposal for deploying a non-nuclear strategic deterrence package on its soil. Zelensky’s final pillars for peace are to grow Ukraine’s economic potential and look ahead to a post-war plan.

Persons: Volodymyr Zelensky, Zelensky, ” Zelensky, Joe Biden, Biden, “, Dmitry Peskov, Jens Stoltenberg, ’, CNN’s Clare Sebastian, Anna Chernova Organizations: CNN, Atlantic Treaty Organization, NATO, Ukraine, EU, ”, European Union, Kyiv Locations: Russia, Kyiv, Ukraine, United Kingdom, France, Italy, Germany, Donetsk, Europe, NATO, Russia’s Kursk

☆ Embattled Abbott Labs comes through with a strong quarter, buyback announcement
▼ + stars: | 2024-10-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Organic sales, which exclude Covid testing, were up 8.2% from the year-ago period. Bottom line In its third quarter, Abbott Labs demonstrated why we wanted to stick with the stock in the face of legal battles that emerged earlier this year and spooked investors. "There's just a lot to like with the Abbott quarter." As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The company reiterated its full-year organic sales growth outlook of 9.5% to 10%.

Persons: ABT, Abbott, Jim Cramer, Dexcom, Robert Ford, Ford, Lingo, —, it's, Edwards, Jim Cramer's, Jim, Ethan Miller Organizations: Abbott Laboratories, Revenue, Abbott Labs, NEC, Abbott, Ford, and Drug Administration, Centers for Disease Control, National Institutes of Health, CNBC, Las Vegas Convention, Getty Locations: U.S, Missouri, Las Vegas , Nevada

☆ The Culture Champion
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

The Paris 2024 Summer Olympics ushered in a new wave of coverage for the games. A conversation with the leader who made it happen this summer about inspiring teams and leaders and creating excitement externally while implementing effective and lasting structural and cultural change and finding that winning formula. Molly Solomon, NBC Olympics Production Executive Producer and President

Persons: Molly Solomon Organizations: NBC

☆ Couples in successful relationships always use these 6 phrases: 'You'll grow stronger both individually and as a unit,' therapist says
▼ + stars: | 2024-10-16 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +3 min

But therapists have found that couples who clearly express their appreciation and empathy for one another have longer lasting unions. "If you and your partner regularly use these phrases, it's a sign that you're already a mentally strong couple," she says. "And if you don't yet, you can start implementing them and find that you'll grow stronger both individually and as a unit." Here are six phrases successful couples use, according to relationships therapists. Saying, "It's understandable you feel that way," can be reassuring and show you have empathy, Morin says.

Persons: Amy Morin, " Morin, John, Julie Gottman, Morin, I've Organizations: CNBC

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, —, Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City

☆ A boba business storm is brewing, and a 'Shang-Chi' star is in the middle of it
▼ + stars: | 2024-10-15 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

"Shang-Chi" star Simu Liu called out two boba tea entrepreneurs who appeared on an episode of "Dragons' Den." They were promoting their new drink, which they said was healthier than regular boba tea. AdvertisementSimu Liu is in the middle of a brewing business feud over a popular Asian drink. When asked if he liked the drink, Liu, who joined the show as a panelist in its 19th season, said, "I thought it was fine." The global boba tea industry — or bubble tea as it is known in Asia — is estimated to be worth billions.

Persons: Liu, —, Chi, Sébastien Fiset, Jess Frenette, Manjit Minhas, there's, Fiset, Bobba, Winniedapoo, boba, Instagram, Frenette, Liu's, it's, Bob Chapek Organizations: Service, Québec, NBC, Ventures, LinkedIn, American Pacific, CBC Gem, Allied Market Research, Business Locations: Markham, Canada, Taiwan, Bobba, Asia —

☆ I have 6 short-term rental properties. People think real estate is passive income, but I disagree.
▼ + stars: | 2024-10-15 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Alongside her partner Philippe, she now has six short-term rental properties. AdvertisementThis as-told-to essay is based on a transcribed conversation with Kerri Gibson, 48, based in Orford, Quebec, about her short-term rental business, Chalets Hygge. Some people consider getting into real estate as a source of passive income, but I wouldn't say it's passive at all. We funded the downpayment through an equity release in the form of a mortgage on our personal home turned short-term rental. Real estate has historically been thought of as passive income, running short-term rentals is not passive.

Persons: Kerri Gibson, Philippe, Gibson, —, I'd, Votre Histoire.co Philippe, We've, COVID, there'll Organizations: Service, Business Locations: Orford , Quebec, Airbnb, CA75,000, CA188,000, Vancouver, Quebec, Montreal, Orford, OTAs

☆ Why Gen Z Loves Expensive Groceries, Treats, and Snack Foods
▼ + stars: | 2024-10-14 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +10 min

In a McKinsey survey in February, groceries represented the top category that Gen Z and millennial respondents said they planned to splurge on, outpacing restaurants, travel, and fitness; in 2017, Gen Xers were the top spenders on groceries, followed by boomers. In June, Bank of America reported that its Gen Z customers spent more at premium grocery stores than any other generation. The trend picked up steam with Gen Z. Millennials and Gen Zers are driving demand for vegetarian and vegan food. In a recent YouGov survey for Whole Foods, 70% of Gen Z respondents indicated they were willing to pay more for high-quality foods. Related storiesTo be sure, Gen Z isn't the first generation to serve up food as a status symbol.

Persons: Jade Lily, TikToker, smoothies, Kourtney Kardashian, Katy Perry, Lily, Gen Xers, CreditKarma, Zers, Gen Z's, Millennials, Z, Gen, Neeru, Andrea Hernández, We're, Barbara Kafka, Hernández, Erewhon, Hailey Bieber, Bella Hadid, Sofia Richie, Nate Rosen, Mary Kate, Ashley Olsen, McDonald's, Britney Spears, Nina Dobrev, Shawn Mendes, Prebiotic sodas, Camila Cabello, Gen Zers, Poppi, It's, Rosen, Caesar, That's, Paharia Organizations: McKinsey, Bank of America, Inc, Foods, Arizona State University, New York Times, Pepsi, Brands, idc, Associated Press, Good Culture, Fast Company Locations: Angeles, tocos, Los Angeles

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