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☆ A US Olympic athlete couldn't pay her rent, so Flavor Flav and Reddit cofounder Alexis Ohanian stepped in to help
▼ + stars: | 2024-08-05 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

Veronica Fraley, a Team USA discus thrower, spoke about her financial struggles on X. So Flavor Flav and Reddit cofounder Alexis Ohanian stepped in to help her with her rent. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFlavor Flav and Reddit cofounder Alexis Ohanian helped pay Olympian discus thrower Veronica Fraley's rent after she said she couldn't afford it. On Thursday, the Team USA athlete took to X to explain her financial situation and how she was struggling to make rent.

Persons: Veronica Fraley, Flav, Alexis Ohanian, —, Veronica Fraley's, haven't, Fraley Organizations: USA, Service, Team

Chase Sapphire Reserve® OverviewThe Chase Sapphire Reserve® is one of the best travel rewards credit cards of all time. Chase Sapphire Lounges will be available to Chase Sapphire Reserve® cardholders and all Priority Pass members. Chase Sapphire Reserve® vs. Chase Sapphire Preferred® CardIf you're trying to decide between the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, you'll want to decide if each card's annual fee is justified based on your travel and spending habits. Chase Sapphire Reserve® Cardholder InsightsAs part of our analysis of the Chase Sapphire Reserve®, we've considered discussions across various forums, including notable mentions on Reddit and FlyerTalk. Chase Sapphire Reserve® Frequently Asked QuestionsWhat credit score do you need to get the Chase Sapphire Reserve®?

Persons: Chase, Chase Travel ℠, you'll, Sapphire, John F, Chase Sapphire, You'll, Uber Cash, we've, you'd, you've, they'll, David E, David, —, Read, Katherine Fan, Katherine, Guy, Fortune, Katherine moonlights, she's, She's, Angela Fung Organizations: Business, American, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Chase Dining, American Express, Hong Kong International Airport, New, Kennedy, LaGuardia, Rental Insurance, Avis, Avis , National, Emergency, Transportation, Sapphire Reserve, Reserve, Capital, Venture, Centurion, overpaying, Yorker, Muhlenberg College, University of Edinburgh, Twitter, Finance, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: DoorDash, airfare, Boston, Austin, Canada, Avis ,, Seattle, Redbird, Los Angeles, Healdsburg , California, New York City, Chicago, Reddit, Dallas , Denver, Dulles, Las Vegas, New York, Hong Kong, Chevron, There's, Slotnick, Scotland, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan

☆ Here are 4 things we're watching closely in the stock market this week
▼ + stars: | 2024-08-04 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks had a rough week, topped off with a pummeling Friday after the July jobs data came in weaker than expected. Until then, bad economic news was good news for the stock market, because it meant the Federal Reserve would start cutting interest rates sooner. On Thursday, a drop in U.S. manufacturing activity for July and a jump in initial jobless claims dragged down the market. Next week is light on economic data, so expect earnings reports and CEO commentaries to drive the market action. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Dow Jones, Jim Cramer, would've, Eli Lilly, Mounjaro, Berkshire Hathaway, Krystal, Tyson, BAX, Owens, Walt, Oscar Health, CRON, Krispy, Papa, Jim Cramer's, Jim Organizations: Nasdaq, Dow, Reserve, Broadcom, Devices, Palo Alto, PMI, Wynn Resorts, Investors, Wynn, Wynn Palace, U.S . Disney, Management, and Drug Administration, Carlyle Group, Krystal Biotech, Tyson Foods, TSN, Alpha Metallurgical Resources, BioCryst Pharmaceuticals, Axsome Therapeutics, Technologies, Clover Health, Realty Income Corp, Avis Budget Group, CSX Corp, CSX, Simon Property Group, Sterling Construction Company, Teradata Corp, Yum China Holdings, ZoomInfo Technologies, Holdings, Caterpillar, Baxter International, Vulcan Materials Company, Allegheny Technologies Incorporated, Constellation Energy Group, Marathon Petroleum Corp, Owens Corning Inc, Duke Energy Corp, GXO Logistics, Brands, Builders, Wynn Resorts Ltd, WYNN, Rivian Automotive, Devon Energy Corp, GigaCloud Technology Inc, Lumen Technologies, VF Corp, Walt Disney Co, Novo Nordisk, CVS Health, Aurora Cannabis Inc, Emerson Electric Co, Sony Group Corporation, SONY, Inc, ODP Corporation, Icahn Enterprises, MannKind Corp, ACM Research, Brink's Company, AppLovin Corporation, Digital Turbine, Sarepta Therapeutics, Occidental Petroleum Corp, Bros, SolarEdge Technologies, Aspen, Coeur D'Alene Mines Corp, Co, Vistra Energy, Cheniere Energy, Cronos, Himax Technologies, Properties Trust, Papa John's, Paramount Global, Trade, Lab, B2Gold Corp, Honest Company, Gilead Sciences, Growth, Nikola Corporation, Embraer, New Fortress Energy, Construction, Jim Cramer's Charitable, CNBC, Disney, Pixar Locations: Palo, Macau, Las Vegas, Boston, Vegas, Wynn Macau, China, Novo, Coeur, Gilead

☆ EV charging company moves to clamp down on charger hogs
▼ + stars: | 2024-08-04 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

EV fast chargers – the big tall units that look like major appliances – aren’t generally designed to completely fill an EV’s batteries. A line of EVs wait to charge at Electrify America chargers in East Brunswick, New Jersey, on July 6. At 10 of the busiest EV fast charging stations in California, Electrify America has enacted a strict limit. There can also be other legitimate reasons a driver may want to charge to 100% at a fast charger, said Barrosa. Cases like these are why Electrify America probably won’t institute an overall charging cap at charging stations near major highways, he said.

Persons: Peter Valdes, unplug, Tesla’s, ”, Sara Rafalson, we’ve, Robert Barrosa, ’ ”, EVgo, EVgo’s Rafalson, Barrosa, let’s Organizations: CNN, Chevrolet Blazer, EV, Mercedes, Benz, Hyundai, Fiat, Mazda Locations: New York City, Bristol , Pennsylvania, Bristol, East Brunswick , New Jersey, EVs, America, California, America’s

☆ Blue-collar entrepreneurs say it's getting harder to turn a profit as competition for 'sweaty startups' heats up
▼ + stars: | 2024-08-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +13 min

Sweaty startups are blue-collar businesses, often in unglamorous or laborious fields like septic services, car washes, or lawn care. It's what your grandparents would've just called a small business, but it was a tongue-in-cheek answer to the Silicon Valley-style entrepreneurship being glorified in culture at that time. Still, some small businesses look to private equity to scale their businesses in different markets, even if that means overhauling operations in some cases. "Small businesses partner with private-equity firms because they provide access to capital and organizational support to help companies grow," Drew Maloney, the council's president and CEO, told BI. Alejandro FlorezBoth of his parents were janitors, and when he was a senior in high school he started a small cleaning company that he grew by knocking on doors and cold-calling.

Persons: —, Patrick Hocker, Hocker, he'd, Nick Huber, would've, Huber, he's, Drew Maloney, Stan Chen, Chen, Alejandro Florez, Florez, Chris Salisbury, BuzzFeed — Salisbury, Salisbury Organizations: Service, Business, Bluebird Pest Solutions, Pest, Alpine Investors, American Investment Council, BlackRock, America Locations: Virginia, Pest, Boston, San Francisco, America, Bradenton , Florida, Jacksonville, Orlando, nuDoors, Brooklyn , New York

☆ Gillian Anderson addresses kissing 'X-Files' co-star David Duchovny before her boyfriend after Emmy win
▼ + stars: | 2024-08-02 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

It was 1997 when actor Gillian Anderson won an Emmy for her role in "The X-Files," and celebrated by leaning in for a kiss with the leading man of her life — but it wasn't her boyfriend. Anderson was just announced as the winner for her portrayal of FBI Special Agent Dana Scully on the beloved sci-fi conspiracy drama. She then infamously turned to kiss her "X-Files" co-star David Duchovny, aka Special Agent Fox Mulder, on the mouth as he was seated behind. Only then did she lean to her side to kiss her boyfriend, Rodney Rowland, seated next to her. “The fact is that David and I were actually living together and Rodney was my beard,” she joked.

Persons: Gillian Anderson, Anderson, Dana Scully, David Duchovny, Fox Mulder, Rodney Rowland, Tik Tok, David, Rodney, ”, “, that’s, ” Anderson, Rowland, “ Rodney

The world's best athletes go to the Olympics vying for a coveted spot on the podium. Medal or not, these are some of the biggest winners of the Paris Olympics when it comes to internet adoration. Clark Kent / ‘pommel horse guy’Sure, most casual fans of the Olympics don't necessarily know what a pommel horse routine is. The ultimate hypemen: Snoop Dogg & Flavor FlavRapper Snoop Dogg — the self-proclaimed "MVP of the Olympics" — has been everywhere at the Olympics. The 2024 Paris Olympics mascot is a little red hat, known as a Phrygian cap (or a liberty cap), which is a symbol of the French revolutionaries.

Persons: Henrik Christiansen, Kim Ye, James Bond, Yusuf Dikeç, Clark Kent, Stephen Nedoroscik, there's, Snoop, Flav, —, He's, Michael Phelps, Maggie Steffens, Reddit, Alexis Ohanian, Veronica Fraley, Ilona Maher, TikTok, Tokyo Games she’s, she's, She's, Colin Jost, it's Colin Jost, Jost, it's, he's, Scarlett Johansson, “, ”, Savannah Guthrie, Giorgia Villa, it’s, fromage, they've Organizations: Paris, Shooters, Olympics, NBC Olympics, USA, U.S, rugby, Tokyo Games, NBC, Parmigiano Locations: United States, Paris, U.S, TikTok, Tahiti, Teahupo’o, Polynesia, France, Italy Italian

☆ Freed prisoners return to U.S. from Russia and the race to define Kamala Harris: Morning Rundown
▼ + stars: | 2024-08-02 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +13 min

Evan Gershkovich, Paul Whelan and Alsu Kurmasheva make an emotional return to the U.S. Simone Biles and Katie Ledecky add to their Olympic medal collections. Jamie Squire / Getty ImagesBiles won gold in the women’s all-around gymnastics final, reclaiming her 2016 title and becoming the first American to win the Olympic all-around gold medal more than once. Brazil’s Rebeca Andrade won silver, and American Suni Lee, who won the all-around gold medal three years ago in Tokyo, took home the bronze. Katie Ledecky made Olympic history when she won a silver medal in the women's 4x200m freestyle relay final on Thursday. The battle intensifies to define HarrisIt goes without saying that Vice President Kamala Harris’ path to de-facto Democratic presidential nominee has been unprecedented.

Persons: Evan Gershkovich, Paul Whelan, Alsu, Simone Biles, Katie Ledecky, Sonya Massey, Biden, Harris, Joe Biden, Kamala Harris, Alsu Kurmasheva, Whelan, Gershkovich, Kurmasheva, “, Vladimir Kara, Murza, Antony Blinken’s, Sergei Lavrov, Suni Lee, Jamie Squire, Biles, Brazil’s Rebeca Andrade, Maddie Meyer, Peacock, Read, rance, wimmer, ▶️, ure, Ana l, J uly, dow, ros, Pres, ena, Gray, ood, Joh, edd, maki, abou, , in Organizations: U.S, Russia, Marine, Joint Base Andrews, Wall Street, Radio Free, Radio Liberty, Paris, unt, pla, us. Locations: Maryland, Germany, U.S, Russia, Slovenia, Norway, Poland, Radio Free Europe, Berlin, Paris, American, Tokyo, Belgium

☆ Willing to Die for MrBeast (and $5 Million)
▼ + stars: | 2024-08-02 | by ( Madison Malone Kircher | ) www.nytimes.com time to read: +1 min

Better known online as MrBeast, Mr. Donaldson, 26, has made a name for himself as a benevolent YouTube star who has racked up hundreds of millions of subscribers for his provocative brand of philanthropy, like the time he paid for 1,000 people to receive cataract surgery. The resulting eight-minute video was hyperbolically titled “1,000 Blind People See for the First Time.”Extravagant prizes have become his calling card. Usually it comes with a dark twist: Once, he offered a man $10,000 a day for each day he was willing to live in a grocery story without leaving. In his most popular video, “$456,000 Squid Game in Real Life!,” 456 people competed in a game show inspired by the dystopian Netflix drama “Squid Game.” (In the Netflix show, down-and-out contestants play deadly versions of children’s games to win $38 million.) Familiar with MrBeast’s content and with the lengths to which those who appear in his videos must go in order to win, many expected outlandish and even potentially risky challenges.

Persons: Jimmy Donaldson, Donaldson Organizations: Netflix, Amazon MGM, Beast

☆ How antidepressants can make people more vulnerable to heat
▼ + stars: | 2024-08-02 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

CNN —When Adelaide Saywell posted on TikTok last month that SSRIs, a commonly prescribed antidepressant medication, could make people more vulnerable to heat, it went viral and sparked a deluge of comments. Adelaide Saywell received a flood of surprised comments when she posted about the link between SSRIs and heat intolerance. Dehydration puts people at risk of heat exhaustion and, in particularly severe cases, heat stroke, which is dangerous and potentially deadly. Sondeep Shankar/Bloomberg/Getty ImagesScientists and doctors are still trying to unpick the complex relationship between SSRIs and heat. It is partly the reason why medical professionals don’t always talk about heat when they prescribe these anti-depressants.

Persons: Adelaide Saywell, “, ”, ” Saywell, Laurence Wainwright, Pope Moseley, Moseley, Sondeep Shankar, Wainwright, don’t, ” Wainwright, Reddit, won’t, Saywell, Judith Joseph, Joseph, ” Joseph, “ It’s Organizations: CNN, University of Oxford, Arizona State University, Bloomberg, Getty

☆ An Olympian couldn’t pay her rent. Flavor Flav and Alexis Ohanian stepped in to help
▼ + stars: | 2024-08-02 | by ( Scottie Andrew | ) edition.cnn.com time to read: +5 min

“I compete in the Olympic Games TOMORROW and can’t even pay my rent,” she wrote on X, punctuating with an emoji wearing an incredulous expression. Enter Flavor Flav, the “hype man” of the US water polo teams, and Reddit founder Alexis Ohanian. The men, who’ve been cheering on Team USA at the Paris Olympics all week, banded together to not only pay Fraley’s rent for the month but cover her rent for the rest of 2024. Karwai Tang/WireImage/Getty ImagesFlav has been one of the most consistent and vocal supporters of women athletes at the Paris Olympics. Now, he sponsors both the US men’s and women’s water polo teams.

Persons: doesn’t, Veronica Fraley, “, ”, Flav, Alexis Ohanian, who’ve, “ I’m, ” Flav, “ haven’t, Vanderbilt doesn’t, —, Deepbluemedia, Ohanian, Fraley, Serena Williams, Olympia, Karwai Tang, aren’t, ” Ohanian, He’s, he’d Organizations: CNN, Team USA, USA, Paris Olympics, Vanderbilt University, Vanderbilt Commodores, CBS, Italy, Mondadori, Public, WORLD, NCAA, Olympic Games, US, Olympic, Angel City FC, Los Angeles, Olympics Locations: Paris, Los

☆ Olympics draws new investments to niche sports and women's teams
▼ + stars: | 2024-08-02 | by ( Justine Fisher | ) www.cnbc.com time to read: +1 min

The 2024 Paris Olympics are attracting new funds for lesser-known sports and women's teams, with USA women's rugby sevens, water polo and women's track and field scoring major contributions this year. The USA women's rugby sevens team earned a $4 million gift from investor Michele Kang earlier this week. Flavor Flav announced a five-year partnership with USA water polo, which includes funds for the 2024 USA women's team as well as serving as the "official hype man" for both the men's and women's teams. The USA women's water polo team has won gold for the past three Olympics, and Flavor Flav aims to elevate their visibility. The partnership includes his commitment to boosting USA water polo on social media, beyond cheering poolside.

Persons: Michele Kang, Flav, Alexis Ohanian, Serena Williams, wasn't, Maggie Steffens, poolside Organizations: Team United States, Women's Rugby, Team Australia, Olympic Games, Stade de France, USA women's, USA women's rugby, USA Locations: Paris, France, USA

☆ Rapper Flavor Flav and Reddit co-founder Alexis Ohanian team up to help Olympian Veronica Fraley pay her rent
▼ + stars: | 2024-08-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Angelayang.Jpg | Angela Yang | ) www.nbcnews.com time to read: +3 min

"I compete in the Olympic Games TOMORROW and can’t even pay my rent," Fraley, is the 2024 NCAA discus champion, wrote on X. Ohanian, who is married to gold medal-winning tennis champion Serena Williams, also pledged to help Fraley on Thursday. Flav said through the representative that he is "happy to help out those who are representing the best of us. She thanked Flavor Flav directly and shared Ohanian's post, on X. "this makes every difference in the WORLD & I hope to represent team USA well this week," she wrote.

Persons: Veronica Fraley, haven’t, Flav, Reddit, Alexis Ohanian, Maggie Steffens, Ohanian, Serena Williams, Fraley, ” Organizations: Seven, Clemson University, Olympic, Vanderbilt Commodores, Vanderbilt, U.S . Olympic, WORLD, USA, “ Locations: Paris, Nashville , Tennessee

☆ Here are Thursday's biggest analyst calls: Meta, Tesla, Reddit, Amazon, Wingstop, Arm, Dollar General, Carvana, Qualcomm, SoFi & more
▼ + stars: | 2024-08-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Arm as buy Bank of America said it's sticking with the stock following earnings on Wednesday. Robinson to overweight from neutral JPMorgan upgraded the shipping company following its earnings. Barclays reiterates Meta as overweight Barclays says it's sticking with the Instagram parent following earnings on Wednesday. " Bernstein reiterates Qualcomm as outperform Bernstein says it's sticking with Qualcomm following earnings on Wednesday. Citi reiterates SoFi as buy Citi said it's getting more bullish on the stock following a series of investor meetings.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Zeta, Oppenheimer, Etsy, Baird, Wolfe, Bill.com, Robinson, Raymond James, RDDT, Wells, David Lantz, Zack Fadem, Bernstein, Leerink, Cantor Fitzgerald, Tesla, Cantor, it's bullish, Morgan Stanley downgrades Voya, SoFi, it's Organizations: Mizuho, Bank of America, ARM, Zeta Global, Zeta, JPMorgan, GE, NFL, NBA, MLB, Nascar, Barclays, Meta, Qualcomm, SOX, Elon Musk's, Citi Locations: OW, 2H24, China, bullish

Many people consume alcohol to relax and relieve stress, which are some of the top reasons people travel, too. How is sober travel discussed on TikTok? Sentiment in the past year shows that among social media interactions 32% is positive, 38% is neutral and 30% is negative. The ranking, however, isn't a list of countries where alcohol sales are banned — places like Brunei, Saudi Arabia and Iran. Costa Rica ranked high on the list of "sober travel" destinations, in part, because of its outdoor activities and national parks.

Persons: He's, Virgin Mary, Dublin's, Artur Widak, Jordan – Organizations: Airports, CNBC Travel, Virgin, Nurphoto, YouTube, Social, Costa Rica, Siemens, Digitalvision, Getty, UNESCO, Heritage Locations: Koh Samui, Thailand, Brunei, Texas, Asia, United States, United Kingdom, Canada, South Africa, Australia, Saudi Arabia, Iran, U.S, Nepal, Morocco, Costa Rica, Turkey, Greece, Indonesia, Italy, Singapore, India, InsureMyTrip, North America

☆ Expensive fishnet flats are the reigning ugly shoes of the summer
▼ + stars: | 2024-08-01 | by ( Amanda Krause | ) www.businessinsider.com time to read: +6 min

Edward Berthelot/Getty ImagesFishnet flats are everywhereThe phrase "fishnet flats" might bring to mind an image from the early 2000s: backless, mesh flats with floral embellishments that you could find at the dollar store. Related storiesReformation's website offers $268 mesh flats, The Row sells $890 jelly versions, and Bottega Veneta designed $1,250 fishnet shoes lined with leather. AdvertisementThe Row, for example, has sold out of fishnet flats on its website and across multiple luxury shopping platforms like Fwrd. Brands like Alaïa have heavily marketed fishnet shoes in recent weeks, and searching "fishnet flats" and "mesh flats" on TikTok results in dozens of videos — ranging from reviews to styling tips — with thousands of views each. On websites like Reddit, some fashion fans have argued that fishnet flats, in particular, are unappealing and unhygienic.

Persons: —, Edward Berthelot, Alaïa, Sofia Richie, Anne Hathaway, Jennifer Lawrence, Divita, Roni Brunn, Brunn, Mara, Loewe, Jeremy Moeller, whatever's Organizations: Service, Business, Alaïa's, Bottega, Brands Locations: Alaïa, Bottega Veneta

☆ Reddit has acquired an AI startup to beef up its ad business in a deal worth around $40 million
▼ + stars: | 2024-08-01 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. Brands like Unilever, L'Oréal, and NotCo pay Memorable AI an annual fee to use its tools. The company said this allows advertisers to reduce the time they would usually spend testing and optimizing ad creative, the company said. Related storiesThe Memorable AI team has joined Reddit as part of the acquisition. AdvertisementIts ads business is growing, but still tiny compared to Google, Meta, Amazon, and TikTok.

Persons: —, Reddit, van, Cofounders Camilo Fosto, Sebastian Acevedo, Michael Kassan, Brian O'Kelley, hasn't Organizations: Service, Business, Harvard, Stanford, MIT, Brands, Unilever, L'Oréal, Aperiam Ventures, Bertelsmann Digital Media Investments, LDV, Ventures, Google Locations: New York

☆ Reddit's CEO says Microsoft, Anthropic, and Perplexity scraping content is 'a real pain in the ass'
▼ + stars: | 2024-08-01 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Reddit's CEO slammed Microsoft, Anthropic, and Perplexity for using the social platform's data for free. The three companies previously landed in trouble for training their AI models on data without permission. Paying for data could cost AI companies "hundreds of billions of dollars," Andreessen Horowitz said last year. Steve Huffman, the CEO of Reddit, has called out Microsoft, Anthropic, and Perplexity for using Reddit's data to train their AI models without paying. "We've had Microsoft, Anthropic, and Perplexity act as though all of the content on the internet is free for them to use," Huffman told The Verge, saying that blocking these companies has been "a real pain in the ass."

Persons: Andreessen Horowitz, —, Reddit, Steve Huffman, We've, Huffman Organizations: Microsoft, Service, Business

☆ Lululemon pulls new leggings line after complaints about ‘whale tail’
▼ + stars: | 2024-07-30 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

But after its new leggings became the butt of endless jokes, the company will have to leave them behind. I’m not sure what’s going on over there, but that’s not very cute.” The customer said she is returning the leggings. “I also am not a huge fan of the butt seam. In a statement to CNN, a Lululemon spokesperson said it takes customer feedback seriously and will incorporate it into future designs. Earlier this year, Lululemon said it missed out on some sales because it did not stock as many different colors of leggings as customers wanted.

Persons: New York CNN —, Lululemon, Reddit, “, TikTok, ”, JP Morgan, Matthew Boss, Boss, Alo, Vuori Organizations: New, New York CNN, CNN Locations: New York

☆ McDonald's has started selling an even bigger burger — the 14-ounce Big Arch
▼ + stars: | 2024-07-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The burger contains two beef patties, three slices of white processed cheese, crispy onions, raw onions, pickles, lettuce, and a new Big Arch sauce in a sesame seed bun, per a description of the burger on the McDonald's Portugal website. Advertisement"It's a quintessential McDonald's burger with a twist on our iconic familiar flavors," he said. The burger weighs 395 grams (about 14 ounces) and contains 1,065 calories, per McDonald's Portugal. "We thought the opportunity was about premium burger which was wrong," CFO Ian Borden said earlier this year. Another part of the plan included McDonald's launch of its "Best Burger" strategy last year, changing its burgers' ingredients and how they're cooked.

Persons: —, It's, Chris Kempczinski, Kempczinski, McDonald's, it's, Borden, Ian Borden Organizations: Service, Business Locations: Canada, Portugal, Ontario, Alberta, Lisbon

☆ Reddit co-founder Alexis Ohanian on the rise of women's sports
▼ + stars: | 2024-07-29 | 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 EmailReddit co-founder Alexis Ohanian on the rise of women's sportsAlexis Ohanian, 776 founder and Reddit co-founder and former executive chairman, joins 'Squawk Box' to discuss the rise of women's sports, investing in women's sports, Ohanian's women's track investment, and more.

Persons: Alexis Ohanian, Reddit

One of the most shorted names in the market this week includes downbeat auto stock Vinfast Auto . Short selling is a high-risk strategy used by investors to speculate on a potential decline in a stock's price. VinFast's short interest as a percent of float jumped 26% to 4.5 million shares, or nearly 40% of float. Short interest in health-care company Cassava Sciences jumped 23% to 16.1 million shares, or about 36% of float. Short interest in the social media platform and meme stock darling fell 16%, to just 23% of float.

Persons: Kohl's Organizations: CNBC, Nasdaq, York Stock Exchange, Sciences Locations: North Carolina, Kohl's

☆ Some people may love to abuse Costco's generous returns policy, but it's a genius business decision
▼ + stars: | 2024-07-27 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +5 min

Read previewA big perk of a Costco membership is the unlimited returns offered by the company. While the returns policy on electronic goods is now 90 days, until 2007, Costco members had an unlimited returns policy on electronic goods — excluding personal computers. It's far from the only example of Costco returns. Bean used to offer a legendary lifetime returns policy but switched to a one-year return limit in 2018 after some customers abused it. Shoshy Ciment/Business InsiderCostco's business model relies on maintaining customer loyalty, and unlimited returns help.

Persons: —, Yuliana Martinez, Louis Orellana, Bean, Shoshy, Neil Saunders, Saunders, Katherine Black, Kearney, Gina Logan, Logan Organizations: Service, Costco, Business, GlobalData

☆ Lululemon just released new leggings. Shoppers and shareholders are mad.
▼ + stars: | 2024-07-26 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAthleisure darling Lululemon just saw some tough love from investors and customers this week. The leggings, introduced earlier this month, were quickly criticized by some shoppers for an unflattering design, poor fit, and other issues. AdvertisementFashion YouTuber and previous Lululemon shopper Alexandra Alvarez said in a video review last week that she struggled with the Breezethrough leggings' fit and construction. On Reddit's 600,000-user Lululemon forum, the leggings received mixed reviews.

Persons: —, Lululemon, Matthew R, Boss, Alexandra Alvarez, Kathryn Mueller, I'm, Paul Lejuez, Lejuez, Janine Stichter Organizations: Service, Business, Citi, CNBC Locations: Vancouver

☆ I drove for Uber Eats in between jobs. I wouldn't recommend it to anyone.
▼ + stars: | 2024-07-26 | by ( Elle Hardy | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Chandler Moncada, a 29-year-old former Uber Eats driver in Phoenix. In May 2023, I got laid off from my full-time job in SEO and started driving for Uber Eats to pay my rent. Related storiesYour car insurance also goes up when you drive for Uber Eats. I focused on delivering in nicer areas, as they usually tip better. I'm no longer driving because I got a new jobDelivering food is very draining and dangerous at times, and there are plenty of stories of Uber Eats drivers getting robbed.

Persons: —, Chandler Moncada, Uber, It's, you've, that's, it's, We're Organizations: Service, Business, Avalon, Progressive, Costco Locations: Phoenix, Paradise Valley, Scottsdale

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