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President Biden wants to increase the taxes on those buybacks. Corporations prefer stock buybacks Corporate America has wide latitude on what it does with the cash flow it generates. Excess cash will typically fall into three buckets: buybacks, dividends and capital expenditures. Capital expenditures $597 b. "However, if economic growth momentum instead continues to build, investors may begin to increasingly reward companies that are investing for growth," Goldman said.
Persons: Biden, Goldman Sachs Jeffrey Yale Rubin, Goldman Sachs, Goldman, Tesla, Meta, Biden's, Howard Silverblatt, Silverblatt Organizations: America, buybacks, Birinyi, P Global Locations: buybacks, America
Brits are going crazy for the bacon and sausage buns offered by Greggs, an 85-year-old chain of budget bakeries that just posted its best-ever performance. Pre-tax profit also jumped more than 13% last year to a record high of nearly £168 million ($213 million). Greggs’ breakfast meal deal — which includes a sausage, bacon or omelette-filled bun and a drink — starts at £2.85 ($3.62), and is particularly popular with customers, a company spokesperson told CNN. Sales grew to a record £1.8 billion ($2.3 billion) last year, up from £1.2 billion ($1.5 billion) in 2021. Greggs café, Tasty by Greggs, inside Primark's Oxford Street store in London in October 2022.
Persons: London CNN —, Greggs, Ireland —, McDonald’s, Roisin Currie, “ Greggs, ” Matt Britzman, Hargreaves Lansdown, Greggs café, John Nguyen, benedict — Greggs Benedict, Still, Alex Morton Organizations: London CNN, Ireland, CNN, Press Association, AP Locations: United Kingdom, Newcastle, England, London, Fenwick
The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Offshore carbon capture and storage (CCS) refers to a range of technologies that seek to capture carbon from high-emitting activities, transport it to a storage site and lock it away indefinitely under the seabed. Storage tanks at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Bloomberg | Bloomberg | Getty ImagesNorway has a long history of carbon management. Bloomberg | Bloomberg | Getty Images"There is definitely a public acceptance risk to storing CO2 onshore.
Persons: Terje Aasland, Aasland, Norway's Aasland, Børre Jacobsen, , Jacobsen Organizations: Equinor ASA, Shell Plc, Bloomberg, Getty, Norway's Energy, CCS, Institute for Energy Economics, Workers, Northern Lights, Shell, Northern, Venture, CNBC, videoconference Locations: Blomoyna, Norway, Europe, videoconference, Brevik, Norwegian, Sleipner, U.S, Norway's, Longship
The simplicity of our camping trips gives me room to rest and reset, and we connect more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In the fall of 2020, during the height of pandemic hobby acquisition, our family of four set out on our first car camping trip. It's now three years later, and in the time since, we've been on over two dozen camping trips. There is always an element of inconvenience and discomfort in camping, even the rudimentary car camping we do.
Persons: we've, , It's, I've, Saba Khonsari, Saba Organizations: Service, Huntsville Locations: Costa Rican, rejuvenating
Over the past decade, I've traveled solo to 59 of the major US national parks. Although I've visited some parks multiple times, there are a few I wouldn't return to. Despite having great experiences, I wouldn't return to Glacier Bay or Haleakalā National Park. AdvertisementOver the past decade, I've traveled to nearly every US national park solo, many of them multiple times. Of the 59 major US National Parks I've visited so far, these are the ones I likely won't revisit.
Persons: I've, , it's, National Parks I've Organizations: Service, National Parks
“I have to go get a photo of Adam!”A young woman in dark glasses, a tan trench coat and a lavender bucket hat darts into the street and runs after the white Porsche convertible in which Representative Adam Schiff and his wife are slowly being driven through Chinatown as part of the Lunar New Year’s parade in Los Angeles. Planting herself several feet in front of the car, the woman snaps some pics and then calls out to the passing House member, “Thank you for all that you do!”As she heads back toward her friends, I try to stop her, asking why she is a fan of Mr. Schiff, who is running for the Senate to succeed Dianne Feinstein, who died in office last September at age 90. The woman keeps moving but gushes, with a hint of perplexity suggesting I’m an idiot for having to ask: “Everybody loves him! My mother-in-law in Madison, Wisconsin, loves him! He’s done so much!”
Persons: Adam, , Adam Schiff, Planting, Schiff, Dianne Feinstein Organizations: Porsche, Senate Locations: Chinatown, Los Angeles, Madison , Wisconsin
The new missionDeveloping and scaling this cookie replacement has become the new mission for The Trade Desk, one of adtech's greatest independent success stories. While many other adtech companies offered this service, The Trade Desk over the years proved it could do it better. The Trade DeskWith cookies disappearing, The Trade Desk is approaching its first big test. These deals are typically cut with major advertising agency holding companies and don't usually include adtech platforms like The Trade Desk. "These next 12 months for The Trade Desk are going to be difficult and not the experience that you're used to," this person said.
Persons: Jeff Green, Andrew Casale, Brian Wieser, Samantha Jacobs, hasn't, There's, Tom Triscari, It's, they're, Greg Doherty, Jeff, Green, Criteo, Megan Clarken, Dan Salmon, they've Organizations: Trade, Universal, Google, Business, Exchange, Company, BI, Disney, The Washington Post, Yahoo, Wall Street, Projects, CTV, CBS, The, Arete Research, Intelligence, Variety, Street Research
AMC Entertainment, often viewed as a bellwether for the industry as the world’s largest movie theater chain, is not immune to those challenges. Taylor Swift attends "Taylor Swift: The Eras Tour" Concert Movie World Premiere at AMC The Grove 14 on October 11, 2023 in Los Angeles, California. While box office revenues have not yet recovered to pre-pandemic levels, until this year, they had been on an upward trajectory. Wold lowered his projection for the domestic box office to $8.6 billion, down from $8.9 billion earned in 2023. Upping the showmanshipDespite the box office slowdown this year, AMC found itself at the center of yet another viral moment earlier this month.
Persons: “ Barbie ”, “ Oppenheimer, , , It’s, “ Barbenheimer, Taylor, Taylor Swift, Matt Winkelmeyer, Adam Aron, ” Aron, , Paul Dergarabedian, Eric Wold, Riley, Wold, Barbie, Iris Schneider, Dergarabedian, “ There’s, Deadpool, Barbie ”, Alicia Reese, Michael O’Leary Organizations: CNN, AMC Entertainment, AMC, Hollywood, ZUMA, Warner Bros, Dodge, Wedbush, Dolby, National Association of Theatre Owners Locations: Los Angeles , California
A quick internet search led me to pursue my dream bucket-list trip at Havasupai Falls. The first step in the journey was securing reservationsThe first part of planning my trip was securing permits to visit Havasupai Falls. We crossed the bridge one by one and ventured on until we got our first jaw-dropping look at the cascading Havasu Falls. AdvertisementOur favorite hike of the trip was on the Havasu Falls Trail, which stretches from Mooney Falls to Beaver Falls. We consoled each other by swearing that we'd be back again to see Havasupai Falls, a place we'd fallen hopelessly and insatiably in love with.
Persons: , van, Hilltop, Bernadette Rankin, I'm, Beyoncé, we'd Organizations: Service, First, Business, Las Vegas Locations: Havasupai, Las, Peach Springs , Arizona, Hilltop, Supai, Supai Village, Havasu, Little Navajo Falls, Navajo, Havasu Falls, Mooney Falls, Beaver Falls, Mooney, Havasu Creek
AI is Uncle Sam’s new secret weapon to fight fraud
  + stars: | 2024-02-28 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
Starting around late 2022, the Treasury Department began using enhanced fraud-detection methods powered by AI to spot fraud, CNN has learned. Treasury’s AI-powered fraud detection recovered $375 million in fiscal 2023 alone, Treasury officials tell CNN, marking the first time Treasury is publicly acknowledging it is using AI to detect fraud. Instead, Treasury officials say the type of AI they are using falls more into the bucket of machine learning and Big Data. The goal is to move with such speed that anomalies are flagged and banks are alerted before fraudulent checks are ever cashed, Treasury officials said. Catching fraud in millisecondsAmiram Shachar, co-founder and CEO of cloud security startup Upwind, told CNN the federal government should “absolutely” use AI to detect fraud.
Persons: Sam, Sam’s, Fraudsters, Wally Adeyemo, , ” Shachar, Steph Curry Organizations: New, New York CNN, Treasury Department, CNN, Treasury, Data, Washington, Office, Business Administration, Social, Internal Revenue Service, IRS, Google, Facebook, Penny Jar, NBA, Mastercard Locations: New York, Banks, Washington, Hong Kong
CNN —Standing on the South Pole at the start of the year with the wind whipping across the Antarctic, travel blogger Johnny Ward felt a surge of relief. Years before, in 2017, he’d become the first Irish person to visit every country in the world. Life goalIrish explorer Johnny Ward has climbed the seven summits, reached the North and South poles, and visited every country in the world. And originally I thought the freest you can be is to visit every country,” he said. Costly challengeWard cycling in south east Asia while completing the epic challenge of visiting every country in the world.
Persons: Johnny Ward, he’d, Ward, Johnny Ward “, ” Ward, , , who’ve, Mount, didn’t, wasn’t, “ I’m, He’s, Mariana Trench Organizations: CNN, CNN Travel, UN, Antarctic, Locations: Thailand, Palestinian, Taiwan, Kosovo, Oman, Socotra, Yemen, Cairo, Cape Town, South Korea, Australia, Denali, Asia, Galway, Ireland, Northern Ireland, Spain, Florida, New York, Mauritania, Africa
So The New York Times asked more than 5,300 people in the U.S. with this heritage how they describe themselves …No Box to Check: When the Census Doesn’t Reflect YouEgyptian, Iranian, Lebanese, Amazigh, Arab, American. In the 2020 census, “Lebanese” and “Egyptian” were offered as examples for the “white” box on the race question. The other categories were “Black or African American,” “American Indian or Alaska Native,” “Native Hawaiian or other Pacific Islander” and a variety of Asian ancestries. After all, there’s no agreed-upon set of countries or ethnicities that would fall under a Middle Eastern and North African category. The chart shows these responses after the MENA category was added: 69% chose “MENA,” 15% chose “MENA, White,” 3% chose “Another Race,” 5% chose “White” and 8% chose other combinations.
Persons: Brown, New York Times callout, Biden, , , , ” Martin Zebari, ” Samera Hadi, ” Imene Said Kouidri, ’ ” Faisal Ali, ” Joseph Hallock, Maya Berry, there’s, Margo J, Anderson, “ You’re, Tiffany Kindratt, ” Khelil, , Dusty Haddad, “ White, Jeffrey S, ” Nadine Naber, Naber, I’m, ” Ceylan Swenson, ” Blake Bachara, ” Amin Younes, We’re, ” Rita Obeid, Barack Obama, It’s, ” Thomas Simsarian Dolan, ” Gabrielle Barbara Guliana, Christina Boufarah, I’ve, ” Michele Magar, ” Soufiane, ” Azita, Moustafa, ” Nawar Organizations: U.S ., New York Times, Arab, Israel, American Community, Management, Federal, Arab American Institute, University of Wisconsin, Census Bureau, Survey, North, Cornell University, Centers for Disease Control, Prevention, University of Texas, The Times, Times, Pew Research, University of Illinois, Bureau, West Virginian Locations: Eastern, Sudanese, Southwest, U.S, East, North Africa, United States, Michigan, Gaza, Europe, Lebanese, Alaska, American, MENA, Milwaukee, , Arlington, America, White, University of Illinois Chicago, Chicago, Lebanon, Iran, N.Y.C, Israel, Turkey, Southwest Asia, Afghanistan, Armenia, West, I’m
When Young got back to Alaska she lived in her van for a few months before moving into the dry cabin. The cabin Young was being offered was a dry one — a residential structure without running water. The dry cabin is about 10 feet by 20 feet and has one room with a kitchen area and a bedroom nook. The dry cabin didn't have running water, so Young would shower in the neighbor's house a few times a week. AnnMarie Young
Persons: AnnMarie Young, Young, AnnMarie Young Young, Mollie Sipe, It's, Sipe, , she's Organizations: University of Texas, CNBC, Sipe Locations: Austin, Fairbanks , Alaska, Alaska, Texas, Pacific Northwest, Fairbanks, jumpstart, Anchorage, AnnMarie
The recent surge of migrants has put major cities across the U.S. under significant financial pressure. But experts say more federal assistance and funding are necessary to ensure that cities can survive the ongoing crisis. For instance, the $145 million allocated to New York City is less than 10% of what the city spent on migrant services in fiscal 2023, according to the Migration Policy Institute, a nonpartisan think tank. "These are complicated issues to manage, so the city, the state and the federal government, frankly, were not prepared for it." Watch the video above to see just how much financial pressure cities across the U.S. are facing due to the ongoing migrant crisis.
Persons: Biden, Simon Hankinson, Debu Gandhi, Muzaffar Chishti Organizations: The Heritage Foundation, The Center, American Progress, FEMA, Migration Policy Institute Locations: New York, Denver, Chicago, Washington ,, New York City, U.S
In order to get to Antarctica by boat, however, we knew we'd have to cross the dreaded Drake Passage. The journey to Antarctica was difficultThe Drake Passage is notorious for being rough. He spent the days we rocked on the Passage attending lectures and attempting to feed me with food he brought from the dining hall. I felt much better once we arrived at our final destinationWhen we arrived in Antarctica, my husband and I enjoyed some kayaking. I would make this trip again in a heartbeat, three awful days crossing the Passage included, just to have the memories we made once the crossing was over.
Persons: , Daniel, I'd, Sergio Pitamitz, Drake, Alex Schnee Organizations: Service, Business Locations: Antarctica, South America
“I would say it's important to remember that history is littered with big successful companies who faced big technology shifts,” Herrington said during the event. Internally, Amazon is scrambling to brainstorm new AI projects . Herrington oversees Amazon’s entire retail business, including the online marketplace, healthcare unit, and logistics service. While mentioning big companies that failed to adapt to these transitions and ultimately phased out, Herrington said he’s confident Amazon is going to be a leader in AI. Advertisement“It's all of our responsibility together to make sure that's not going to be the Amazon story,” Herrington said.
Persons: , Doug Herrington, , Herrington, , ” Herrington, didn’t, , There’s, Andy Jassy Organizations: Service, Amazon, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThree people are facing grand theft charges after more than $100,000 of goods were stolen from Home Depot stores in Florida by swapping out the barcodes for lower-cost items at self-checkouts, the state's attorney general said. On Home Depot's website, the roof sealer currently retails at $119 for a 0.9-gallon bucket or $349 for a 4.75-gallon bucket. Moody's Office of Statewide Prosecution charged Popat with one count of grand theft over $100,000, and Abad and Baglin with one count of grand theft over $20,000. Now, this group faces our Statewide Prosecutors and time in prison, where I can promise there is no self-checkout line."
Persons: , Ashley Moody's, Vicky Popat, Christopher Abad, Christopher Eduardo Baglin, Henry 887 Tropi, Abad, Moody Organizations: Service, Home Depot, Statewide, Business, Statewide Prosecution, Depot, Statewide Prosecutors, Midwest Locations: Florida, Home, South, Central Florida
But as data emerges on degreeless hiring, there are signs that some of these efforts may be falling short. It's based on limited data and doesn't consider alternative pathways that people without degrees use to join organizations, such as through apprenticeships and internships. But it's still a snapshot look at how some of the top employers in the U.S. are doing in their efforts to hire more workers based on skills versus degree attainment. Rather, it implies managers may be reticent to hire people without degrees, absent specific policies to assess these workers' skills. Companies that have been successful with skill-based hiring also articulate clearly the skills they require for a job, even before posting it.
Persons: it's, Matt Sigelman, What's, Sigelman, Schultz, Joseph Fuller, Fuller, Tyson, Lockheed Martin, Kroger, Stellantis, Backsliders, Meijer, Delta Organizations: Burning Glass Institute, Harvard Business School, Glass Institute, Workers, American, Foundation, Walmart, Apple, GM, Koch Industries, General Motors, Target, Tyson Foods, ExxonMobil, Yelp, Bank of America, Oracle, Companies, Lockheed, Stellantis, CNBC, Amazon, Nike, Delta, Uber, HSBC, Novartis, Delta Air Lines, US Foods Locations: U.S, Meijer
For people in Minnesota, the sauna is a link to the past and a way to form new bonds. Feb. 17, 2024Jumping in a hole in a frozen lake during a subzero Minnesota winter evening is brutal. On the banks of Lake Minnewashta in Excelsior, just outside Minneapolis, the answer lies in a dimly lit, wood-burning barrel-shaped sauna a few feet away. Minnesotans have begun partaking in a version of this ritual in droves as a tradition imported by the state’s Nordic settlers in the late 1800s has gone mainstream. While cold plunging is not obligatory — and some opt out — most of the new sauna venues encourage even mild forms of cold exposure, like dumping a bucket of cold water on your head.
Locations: Minnesota, Lake Minnewashta, Excelsior, Minneapolis, Midwest
Olga Rolenko | Moment | Getty ImagesCard balances and total debt at are all-time highsThe agency's findings come as average credit card balances and total credit card debt hit all-time highs at the end of 2023. The average credit card interest rate for all accountholders was more than 21% in November, also a record, according to Federal Reserve data. The federal agency's analysis defines large lenders as the nation's 25 biggest, and small lenders as all others in its sample. Credit scores didn't impact findingsThe CFPB's new interest-rate findings are consistent regardless of a consumer's credit score, it said. Why interest rates may not matter for some usersThe CFPB report doesn't necessarily offer a complete picture of the credit card market, Rossman said.
Persons: Olga Rolenko, spokespeople, Lindsey Johnson, CFPB, Ted Rossman, Rossman, cardholders, Bankrate, Rohit Chopra Organizations: Federal Reserve, Consumer Bankers Association, American Bankers Association,
The coffee and donut brand started selling tracksuits on Monday after airing an ad during the Super Bowl. The ad featured "DunKings" Ben Affleck, Matt Damon, and Tom Brady sporting the tracksuits. The outfits, in the signature Dunkin' neon pink and orange colors, sold out in just 19 minutes, according to USA Today. A $40 pink DunKings bucket hat was also sold out as of Wednesday. Along with the ad, Dunkin' released a limited-edition menu in collaboration with Affleck, a longtime fan of the brand who has said he has Dunkin' every day.
Persons: , Ben Affleck, Matt Damon, Tom Brady, Charli D'Amelio, Jack Harlow, Jennifer Lopez, Dunkin, Affleck, Berry, There's Organizations: Service, USA, Business
But — astead herndon You don’t really talk — you don’t really talk about that on the first date? I don’t know how to — I don’t know if that’s the best way to phrase it. I just — they’re not for me if they’re really, really intense about it. And it is really, really important to some people and less important to others. speaker 8 I’m — I’m — I’m more pro-choice, to be honest.
Persons: ashley I’m Ashley, radia I’m Radia, ashley, astead herndon, ashley Yes, radia, we’re, we’ve, hasn’t, Donald Trump, it’s Donald Trump, Joe Biden, ashley Um, BELL, herndon, Elisa Gutierrez, Ashley, Radia, King of Prussia, elisa gutierrez, elisa gutierrez Oh, elisa gutierrez We’re, Don’t, I’m Astead Herndon, Trump, there’s, you’re, — astead herndon, Biden, It’s, that’s, I’m, COVID, didn’t —, aren’t, I’m John, astead, wasn’t, karen, Karen, karen Um, don’t, they’re, — astead, , Pew, jess grose, Jess Grose, ” astead herndon, anna martin I’m Anna Martin, Elisa, anna martin, Jess, you’ve, astead herndon We’re, Anna, Taylor Swift, anna martin That’s, anna martin You’re, I’ve, anna martin Totally, jess grose Homophily, astead herndon Homophily, astead herndon I’m, — jess grose That’s, it’s, you’ll, anna martin Absolutely, jess grose Yes, anna martin Oh, Wariness, astead herndon Anna, anna martin Good, jess grose Oh, Jessica Grose, Anna Martin, Tom Suozzi, Republican Mazi Pilip, astead herndon He’ll, George Santos, astead herndon Donald Trump, Lara Trump, Sean Hannity, lara, Donald J, Ronna McDaniel, biden, Jason Kelce, Travis Kelce, Mama Kelce Organizations: The New York Times, Biden, Trump, Pew, “ Times, Democratic, Republican Party, Republican, The Boston Globe, Nassau, Nassau County Republican, Republican National Committee, RNC, South, GOP Locations: King, Philadelphia, herndon, astead herndon, It’s, United States, , Boston, New, Nassau County, Israel
"That's just created this once-in-a-decade momentum," said Mehdi Hosseini, an equity research analyst covering the stock at Susquehanna International Group. While the company posted robust results and guidance, analysts have cast doubt over the magnitude of recent stock moves, which include a 48% post-earnings rally and a 19% drop during Tuesday's session. ARM mountain 2024-02-08 Arm since reporting earnings One key factor at play is the limited number of shares in the marketplace. Traders typically buy shares short as a bet that the price of an asset will fall. The unwavering excitement around AI that's driven an investing frenzy over the last year may also be a factor at play with Arm.
Persons: That's, Mehdi Hosseini, Needham, Charles Shi, Ryuta Makino, there's, SoftBank, Hosseini, Shi Organizations: Holdings, Susquehanna International Group, Apple, Nvidia, Devices, ARM, GAMCO Investors, Retail, Tesla, Vanda Research, Partners, Traders
Dior’s unveiling of his “New Look” collection signified the return of Paris as the fashion capital of the world after the Second World War. Roger Do Minh/Apple TV+Apple TV+'s series "The New Look" includes detailed recreations of many of the collection's 70 looks. Somehow they’ll always find a way to create,” Muller Serreau told CNN Style. Set during and in the immediate aftermath of World War II, “The New Look” and its visuals more broadly reflect the austerity of the time. As Dior was still in possession of the look’s fabric, Muller Serreau was able to faithfully recreate the entire ensemble.
Persons: Karen Muller Serreau, Christian Dior’s, , Dior’s, Roger Do Minh, Ben Mendelsohn, Pierre Balmain, Thomas Poitevin, Cristóbal Balenciaga, Nuno Lopes, Coco Chanel, Juliette Binoche, Dior, Lucien Lelong, John Malkovich, Chanel’s, ” Chanel, , they’ll, ” Muller Serreau, Muller, Muller Serreau, Chanel, Yves Saint Laurent, revolutionizing womenswear Organizations: CNN, Apple, Getty Locations: Paris, France, AFP
But this year we're celebrating our first Valentine's Day as new parents. Craig said assets that are co-owned, owned in a trust, or already have a listed beneficiary don't need to go in a will. Advertisement"You're going to talk about dying with this person and tell them about your family, relationships, and assets," she said. "If you work with someone you don't feel comfortable with, you might not give them all the information needed to get the right estate plan. If you don't get the right estate plan, then there could be problems later on."
Persons: , we've, Tracy Craig, Craig, who's, who'd Organizations: Service, Business Locations: New York City
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