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The current Target Circle program has more than 100 million members. The relaunch comes as Target aims to copy the success of Amazon’s juggernaut Amazon Prime and follow Walmart’s membership program. As for its membership program, Target will continue offering its free-to-join membership with personalized deals, member-exclusive sales throughout the year and additional perks and saving. Target said that members of the free Target Circle membership program already shop five times more and spend five times more than non-members. Target Circle (formerly called Target RedCard) credit cardholders will be able to sign up for Target Circle 360 at $49 per year if they have their card saved to their Target profile, the company said.

Persons: —, Brian Cornell, Kendra Scott, Cardholders, Target Organizations: Target, Revenue, Walmart, Target Circle, Amazon Locations: Minneapolis, Manhattan, FactSet

☆ More Americans are moving to Tuscany, where their money goes further, the pace is slower, and the wine flows freely
▼ + stars: | 2024-03-02 | by ( Jordan Pandy | Reed Alexander | ) www.businessinsider.com time to read: +14 min

More Americans are moving to Tuscany, a part of Italy known for medieval walled cities and wine. Some locals say it's keeping their economy alive, but others are starting to grumble. The influx of Americans, locals said, can be at once a booster of fortunes and an irritating imposition. "A lot of locals say that a place like Montepulciano cannot handle all those tourists because it's a small city," said Tudor, the jeweler. Americans, Ercolani said, "spend money and they appreciate the quality of the food and the wine that we have."

Persons: —, Leanne Davis, Davis, Jon Chewning, Chewning, It's, Georgette Jupe, Knight Frank, Florence ., they're, we've, Frances Mayer's, it's, Michele Capecchi, Capecchi, Erin Lewis, Lewis, Danilo Romolini, Luca Tudor, AJ Tuscany, Tudor, who's, Sam D'Avanzo, dell'Anfiteatro, Frank Bienewald, they've, lockdowns, Jupe, Bendetta, Cantina Ercolani, Ercolani Organizations: Service, Business, Associated Press, US Department of State, Italian National Institute of Statistics, away.com, Christie's, Estate, Locals, International School of Florence Locations: Tuscany, Italy, California, Romano, Sacramento, Montepulciano, Florence, Boccheggiano, Lucca, Siena, American, Europe, Rome, Venice, Chiusi, Austin , Texas, Houston , Texas, Italian, Switzerland, Albanian

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle vs. Google: The internal struggle holding back its AIInstead of a comeback, Google's Gemini AI chatbot and image generator have gone viral for all the wrong reasons – producing inaccurate and offensive responses. The missteps have put Google back on the defensive in the AI race. But the bigger question around Gemini's roll out is whether it underscores a painful but new corporate reality for Alphabet and CEO Sundar Pichai. Is Google's culture sabotaging its AI efforts? We discuss both sides after a week where other mega-caps are making strides in AI: Apple's Tim Cook talks AI strategy; Meta reportedly planning to launch Llama 3; Microsoft announces an investment in Mistral; and Nvidia's market cap touches $2 trillion.

Persons: Sundar Pichai, Tim Cook Organizations: Google, Microsoft Locations: Mistral

☆ This dividend strategy is swapping out a chip stock winner for Starbucks. Here's why
▼ + stars: | 2024-03-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Dividend-focused investors should look to switch out a hot chip stock for a slumping consumer play after the latest market rally, according to Morgan Stanley Wealth Management. Coffee chain Starbucks is joining the model portfolio, while red-hot Broadcom is on the way out. Starbucks has been battling rising labor costs in the U.S. and weak demand in China, a key international market. The addition of Starbucks helps bolster the consumer discretionary part of the Morgan Stanley Wealth Management model portfolio. The dividend yield for AVGO is 1.6% even after the company announced a dividend hike in December.

Persons: Morgan, Daniel Skelly, Skelly, SBUX, Laxman Narasimhan, Narasimhan, it's, — CNBC's Michael Bloom Organizations: Morgan Stanley Wealth Management, Broadcom, Starbucks, Morgan Locations: U.S, China

☆ The NFL is gearing up to change team ownership rules in what could be a massive win for Wall Street
▼ + stars: | 2024-02-29 | by ( Tiara White | ) www.businessinsider.com time to read: +9 min

Team owners will meet at the annual league meeting in March to discuss private equity. The investment ownership model is favored in the NBA, MLB and NHL— but not in the NFL. So, what will a rule change mean for institutional investors and their Wall Street brokers, as well as owners and sports fans? Experts also think NFL team owners' "wealth would increase drastically," said Rotthoff— due to the considerable profits they've already made from team valuations in the past decade. Wall Street investment banks could also benefit in their role as advisors to wealthy investors and sports teams, including helping to connect buyers with sellers.

Persons: —, Josh Harris, Mark Patricof, Carrie Potter, Mellody Hobson, Condoleezza Rice, Sir Lewis Hamilton, Kurt Rotthoff, Dwayne Wade, Venus Williams, Eric Thomas, Gil Fried, Rotthoff, Rob Gronkowski, Spencer Platt, Goldman Sachs, Thomson, Taylor Swift, Jamie Squire, Potter, Fried Organizations: NBA, MLB, NHL, NFL, Service, Silicon, Forbes, The, Patricof, Rice, Denver Broncos, Seton Hall, Wall, Kansas City Chiefs, West, Sport Finance, Sports, Group, Wall Street, Chiefs, Dolphins, Getty Locations: The Washington, Crestview, United States, Orlando , Florida, West Florida

☆ The Fed’s favored inflation gauge eases to slowest pace in more than two years
▼ + stars: | 2024-02-29 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

New York CNN —Rising prices continued to loom large in January, but new data released Thursday showed that inflation is still on a downward — albeit bumpy — path toward the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index was up 2.4% for the 12 months that ended in January, a slowdown from December’s 2.6% increase, according to Commerce Department data released Thursday. The closely watched core PCE index that excludes energy and food edged down to 2.8%. While the latest read on the Fed’s preferred inflation gauge showed progress toward the central bank’s target, Thursday’s data also highlighted the choppiness of this yearslong battle to rein in spiking prices: Prices rose in January from December at their fastest clip in months. On a monthly basis, the PCE price index rose 0.3% and core jumped 0.4%.

Organizations: New, New York CNN, Federal, Commerce Department Locations: New York

☆ Money will continue to 'pour in' for Nikki Haley despite losses, says New Hampshire Gov. Chris Sununu
▼ + stars: | 2024-02-26 | by ( Taylor Craig | In | ) www.cnbc.com time to read: 1 min

Nikki Haley may have lost one of her deep-pocketed donors in the Koch brothers-backed political network, but New Hampshire Governor Chris Sununu thinks she can still attract the dollars necessary to prevent a second Trump presidency. "With [Haley] at the top of the ticket, Republicans win up and down the ballot," Sununu told CNBC's Last Call on Monday. "Trump raises money for his legal costs. Last month, the former South Carolina governor brought in $16.5 million. We want winners," Sununu said.

Persons: Nikki Haley, Koch, Chris Sununu, Haley, Sununu, CNBC's, Trump, Nikki, We're Organizations: New Hampshire, Trump, Republicans, South, Super Locations: South Carolina

☆ Conservative activists are taking another swing at trying to recall Gavin Newsom, arguing that he's 'abandoned' California to 'advance his presidential ambitions'
▼ + stars: | 2024-02-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The organizers of the group, Rescue California, will present the recall petition papers to Newsom's office on Monday, kicking off what will be a lengthy and likely grueling drive to qualify the recall for the ballot. "Gavin Newsom has abandoned the state to advance his presidential ambitions, leaving behind a $73 billion budget deficit and a public safety, immigration and education crisis," Rescue California campaign director Anne Dunsmore told Politico. Newsom because he is out there defending democracy and fighting for the reelection of Joe Biden and Kamala Harris." Last week, the California Legislative Analyst's Office projected the state's budget shortfall for the 2024-2025 fiscal year at $73 billion.

Persons: —, Gavin Newsom, Newsom, California's COVID, should've, Larry Elder, Joe Biden's, Anne Dunsmore, Nathan Click, Joe Biden, Kamala Harris, Democracy's, he's, Biden Organizations: Service, Democratic, Rescue, Business, Politico, White, Trump Republicans, California Legislative, Office Locations: California, Rescue California, Los Angeles, San Francisco

☆ Rivian workers won't be getting much sleep tonight
▼ + stars: | 2024-02-22 | by ( Grace Kay | Grace Eliza Goodwin | ) 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 previewRivian left thousands of its workers in limbo after announcing it was laying off 10% of its salaried staff on Wednesday. AdvertisementIn an email to BI, Rivian did not specify exactly how many salaried staff members would be cut, but said that it has 16,700 total employees, including both salaried and hourly workers. High interest rates, slowing demand, and pressure from Tesla's pricing strategy have put pressure on the US electric car market. "Most notably the impact of historically high interest rates which has negatively impacted demand."

Persons: —, RJ Scaringe, they'd, Scaringe, Rivian, didn't Organizations: Service, Business, Ford, General Motors

☆ A fund manager beating 98% of his peers over the last 10 years breaks down why the stock market resembles the 'Nifty 50' bubble of the 1970s, when the market's biggest names got crushed as inflation s
▼ + stars: | 2024-02-22 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Disco is backOthers have also started to compare today's market and the 1970s' "Nifty Fifty." AdvertisementJPMorgan's Chief Global Strategist Marko Kolanovic also said in a note on Wednesday that fiscal spending and inflation could resemble the 1970s landscape. Similar to the 1970s, there are currently 3 active geopolitical conflict zones – eastern Europe, Middle East, and South China Sea," Kolanovic said. Kolanovic included in his note the chart below, which shows the correlation between inflation and the performance of the S&P 500.

Persons: —, Albert Edwards, Bank of America's Michael Hartnett, Jeffrey Gundlach, Cole Smead, Smead, Sears Roebuck, Alphabet's, Nvidia's, Microsoft's, Jeremy Siegel, David Rosenberg, Merrill Lynch, " Rosenberg, Marko Kolanovic, Kolanovic Organizations: Service, Societe Generale, Bank of America's, Treasury, Nasdaq, DoubleLine, Investments, Business, Morningstar, Microsoft, Nvidia, Xerox Locations: Europe, Middle East, South China

Because I am capable," Card said to the New York State Police officers. He appeared thinner than normal, his fellow reservists said. An earlier report by state police indicated he had threatened fellow reservists. But New York State Police said in a statement that he was never in custody. Card was driven to Keller Army Hospital for evaluation by fellow reservists, and troopers followed the private vehicle.

Persons: Robert Card, “ They’re, he’d “, “, ”, he'd, Card Organizations: —, Army, WMTW, Information, New York State Police, Maine State Police, Card, Keller Army Hospital, Police, New Locations: PORTLAND, Maine, New York, Lewiston, Saco, Bowdoin

☆ She arrived at JFK airport in 1971 and two men were waiting for her. Here’s how she ended up married to one of them
▼ + stars: | 2024-02-14 | by ( Francesca Street | ) edition.cnn.com time to read: +18 min

Linda arrived in New York City “in precisely the clothes I described.” At the airport, she glanced around, searching the throngs of people. Linda PorterThe dark-haired, mustachioed man “was George,” Linda soon realized. An introduction to New York CityLinda arrived in New York City excited to embark on a new chapter. Courtesy G. Porter and Dr. L. M. PorterLike Linda, George Porter was also a New York City transplant. Newly married, Linda – who took George’s name, becoming Linda Porter – returned to the US, once again landing in JFK airport.

Persons: John F, Linda Ford, Linda wasn’t, ” Linda, Linda, she’d, – she’d, “, ”, George, John Rooney, George Porter, –, who’d, they’d, Linda Dean, I’d, Linda Porter, Jean, Claude, Frenchman, ” Jean, “ George, New York City Linda, Porter, ” “, ” George, Linda –, he’d, “ Linda, George “, he'd, It’s, Penny, Patty, – “, Linda’s, George’s, Here's George, Porter “, we’d, Linda Porter –, Linda weren’t, ’, Max Burnell, CNN George, I’m, “ Jean Organizations: CNN, Kennedy International Airport, City University of New, CNN Travel, Kennedy International, JFK, Air, Air France, New, Riverside Park, Yorker, Atlantic Locations: JFK, City University of New York, United States, England, Paris, York City, “ New York, New York City, Air France, Southern, New York, Manhattan, Arkansas, George, Europe, –, Linda’s, midtown, NYC, Staten, of, Central Park, West Coast, “ But New York, Sevenoaks, Kent, Riverside, New Jersey, Switzerland

☆ Democrats pivot on immigration as Republicans take a stand against Biden
▼ + stars: | 2024-02-14 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —The immigration and border crisis is quickly morphing into the dominant issue of American politics – and Democrats are pivoting faster than Republicans at the moment. It took two tries, but House Republicans made their point and voted by the narrowest possible margin to impeach Homeland Security Secretary Alejandro Mayorkas, the first impeachment of a Cabinet secretary since the 1870s. He tacked to the middle specifically on the issue of immigration, hammering Republicans for refusing to work with Democrats on an immigration compromise. Except voters concerned about immigration told CNN reporters that it was also dysfunction on Capitol Hill – Republicans rejected even the idea of a bipartisan immigration deal last week – that drove their votes. Democrats and Republicans in the Senate joined together to pass a foreign aid package this week after it was decoupled from the border compromise.

Persons: –, Joe Biden, Donald Trump’s, Biden, Mayorkas, Alejandro Mayorkas, George Santos, Tom Suozzi, “ Let’s, ” Suozzi, Timothy A, Clary, Santos, Eric Adams, Greg Abbott, Mike Johnson, Johnson, Suozzi, “, ”, ” Johnson, bipartisanship, Hakeem Jeffries, ” Jeffries, Mike Gallagher of, impeaching Mayorkas, ” Gallagher, Larry Hogan, Hogan, CNN’s Dana, ” Hogan, “ I’m, it’s Organizations: CNN, York House, Republicans, Homeland, Democrats, Immigration, Customs, GOP, Trump, Getty, Texas Gov, Republican, Capitol Hill, Hill, “, Capitol, Capitol Hill ., Maryland Gov, Trump Republican Locations: York, New York, midtown Manhattan, AFP, New York City, Texas, Ukraine, Israel, Capitol Hill, Mike Gallagher of Wisconsin, America, Washington

☆ How high-earning transplants are shaking up dating scenes across the Midwest
▼ + stars: | 2024-02-14 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

It's introduced a fresh wave of young professionals who are shaking up the dating scene. But a new influx of transplants also creates divides among young professionals and locals. The rise of remote work has resulted in new waves of migration and, in turn, refreshed dating pools around the country. AdvertisementWhen it comes to the future of Midwest dating, “I hope this can change, but I think a lot of people in a lower tax bracket might just move elsewhere,” he said. Gone are the days of app dominance, especially as younger dates forsake online dating for in-person connections.

Persons: —, Peggy Dainty, That’s, ” Dainty, “, ”, St . Louis, Hatch’d, Joshua Sturma, ” Sturma, Louis, Matt R, Matt chalks, There’s “, Courtney Quinlan, She’s, There's, Quinlan, she's, ” Quinlan, It's, They're, Midwesterners, We've, ” Maranda Taylor, Taylor, everybody’s Organizations: Service, Lake Bowl & Theater, Bryant, New York, Bank of America, Indiana University, Dakotas, Twin, Google, Indiana Locations: It's, Minneapolis, there’s, St ., California, Illinois, Indiana , Iowa , Kansas , Michigan, Minnesota , Missouri , Nebraska, North Dakota , Ohio, South Dakota, Wisconsin, New, Hatch’d, ”, Twin Cities, Chicago , Nebraska , Iowa , Kansas, Missouri, Kansas City, Sioux, Omaha , Nebraska, —, America

☆ How using the 14th Amendment against Trump went from a ‘pipe-dream fantasy’ to the Supreme Court
▼ + stars: | 2024-02-06 | by ( Marshall Cohen | ) edition.cnn.com time to read: +19 min

‘A sheer coincidence’The journey to the Supreme Court unknowingly began even before the insurrection itself. (In the Cawthorn case, the group partnered with a retired GOP state Supreme Court justice.) CREW appealed to the Colorado Supreme Court, whose members were all appointed by Democratic governors, though they originate from a pool of candidates recommended by a bipartisan panel. Trump appealed the Colorado ruling to the US Supreme Court in early January and oral arguments are set for Thursday. “It’s embarrassing, and it shows the imbalance on our state Supreme Court,” Buck told CNN.

Persons: Donald Trump, “, –, Marjorie Taylor Greene, Madison Cawthorn, coalescing, ”, Donald Sherman, Gerard Magliocca, ” Magliocca, United States …, Trump, Donald Trump’s, Jack Dempsey, Mitch McConnell, ” He’d, hadn’t, James Bopp, Greene, didn’t, Ron Fein, resoundingly, Bopp, ” Fein, Couy Griffin, ” Sherman, Griffin, ” Griffin, Trump’s, William Baude, Michael Stokes Paulsen, J, Michael Luttig, ‘, Sherman, Winston Pingeon, Pingeon, Sarah Wallace, ” Donald Sherman, State Jena Griswold, FDR, Norma Anderson, “ I’ve, Wallace, Magliocca, disqualifying Trump, Carlos Samour, vindicating, Ken Buck, Ken Buck of Colorado, denialism, Buck, ” Buck, …, ” CNN’s Scott Bronstein Organizations: Washington CNN, Trump, Liberal, Rep, Madison, Citizens, Indiana University, United, Capitol, AP Police, National Guard, Republican, Republicans, GOP, Amnesty, ”, Cowboys, Trump Republicans, Federalist Society, Colorado Supreme, US Capitol Police, Responsibility, Ethics, Abaca Press, Colorado, State, Colorado Legislature, Court, Democratic, Dissenting, US Supreme, Supreme, CNN Locations: Colorado’s, Colorado, Thursday’s, America, Washington, United States, DC, Colorado and Maine, Marjorie Taylor Greene of Georgia, North Carolina, Cawthorn, Georgia, New Mexico, Denver, “ Colorado, Israel, Michigan, Minnesota, Washington ,, Dissenting Colorado, Oregon, Illinois, Ken Buck of

☆ Billy Joel Said He’d Retired From Pop. Here’s What Brought Him Back.
▼ + stars: | 2024-02-05 | by ( Caryn Ganz | ) www.nytimes.com time to read: +1 min

Billy Joel’s first new pop song in nearly two decades was sparked by someone miles from the record business: a Long Island doctor. Joel, 74, has long made it known that he isn’t interested in making more albums. (“He is everything,” Olivia Rodrigo, 20, who referenced him in her song “Deja Vu,” said last summer.) Over the years, the list of people who’d tried to cajole him back into writing and recording grew legion: Clive Davis. Yet when Joel’s family doctor urged him to meet “a kid” interested in discussing music near his place out east in Sag Harbor, he agreed to a lunch.

Persons: Billy Joel’s, Joel, —, that’s, ”, ” Olivia Rodrigo, who’d, Clive Davis, Rick Rubin, Elton John Locations: Oyster Bay, N.Y, “, Sag Harbor

☆ Fed Chair Powell: The ‘time is coming’ for a rate cut
▼ + stars: | 2024-02-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Federal Reserve Chair Jerome Powell said the time is coming for interest rate cuts, but asked Americans for a bit more patience in the central bank’s fight against inflation. That means the Fed is due to cut rates in 2024, which officials themselves projected in December. But the central bank’s January policy statement pushed back on expectations of the first rate cut coming at their next meeting in March. Still, financial markets see a 20% chance the Fed will cut rates in March and a 71.3% chance they cut in May, according to the CME FedWatch Tool. But that hasn’t stopped Congress from pressuring Powell to cut rates.

Persons: Jerome Powell, “ We’ve, ” Powell, ”, Price, Powell, “, Scott Pelley, can’t, hasn’t, Democratic Sen, Sherrod Brown, ” Brown, Brown, Elizabeth Warren, we’re Organizations: New, New York CNN — Federal, CBS, Fed, Federal Reserve, Governors, Democratic, Banking, New York Community Bancorp, New York Community Locations: New York, Street, Ukraine, Asia, ”

☆ Generative A.I.’s Biggest Impact Will Be in Banking and Tech, Report Says
▼ + stars: | 2024-02-01 | by ( Steve Lohr | ) www.nytimes.com time to read: +1 min

A new generation of artificial intelligence is poised to turn old assumptions about technology on their head. For years, people working in warehouses or fast food restaurants worried that automation could eliminate their jobs. But new research suggests that generative A.I. — the kind used in chatbots like OpenAI’s ChatGPT — will have its biggest impact on white-collar workers with high-paying jobs in industries like banking and tech. “There’s no question the workers who will be impacted most are those with college degrees, and those are the people who always thought they were safe,” said Matt Sigelman, president of the Burning Glass Institute.

Persons: “, ”, Matt Sigelman Organizations: Burning Glass, Society for Human Resource Management, Glass Institute

☆ China is facing a brutal reality as it desperately tries to fix its population decline problem
▼ + stars: | 2024-02-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

China's population fell for a second consecutive year as the birth rate reached a record low. AdvertisementFor the second year in a row, China's population fell. But still, the Chinese population — young people, in particular — did not bite. The law was introduced, in part, as an effort to boost the country's birth rate. This is a "global shift," Wang told BI.

Persons: —, Wang Feng, Wang, BI's Huileng Tan, China's, Ethan Michelson, Michelson Organizations: Service, country's National Bureau, Statistics, University of California, Communist Party, Chinese Community Party, Ethan Michelson , Indiana University Bloomington's, East Asian, BI, Los Angeles Times Locations: country's, China, Irvine, Hangzhou, East China, Wenzhou, Ethan Michelson ,, Seoul, South Korea, Italy, Taiwan

☆ Sinema, Her Fund-Raising Fading, Faces Ticking Clock on Senate Decision
▼ + stars: | 2024-01-31 | by ( Michael C. Bender | ) www.nytimes.com time to read: +1 min

Senator Kyrsten Sinema is behind schedule in making a decision about whether to seek re-election in Arizona. Ms. Sinema, who left the Democratic Party just over a year ago to become an independent, is still considering whether to run for a second term, aides said. But new campaign finance reports show that she is lagging well behind the plan she and her team discussed last spring. By the end of December, Ms. Sinema would have a campaign staff in place. But there is no sign that she carried out any significant polling, research or staff hires in the final six months of last year.

Persons: Kyrsten Sinema, She’s, Sinema, Ruben Gallego, Kari Lake Organizations: Democratic Party, Democrat, Republican, Federal, Commission Locations: Arizona

☆ Regional banks are back in focus after NY Community Bancorp stock drops 38% in one day
▼ + stars: | 2024-01-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

New York CNN —Regional bank stocks are back in the hotseat thanks to a truly horrific financial report from New York Community Bancorp. That caused shares of New York Community Bancorp to drop 38% in one day, and the stock hit a 25-year low. The bank’s stress brought down other regional bank stocks, with KBW Regional Banking Index closing down by 6% on Wednesday. That’s nothing compared to the devastating tailspin regional bank stocks encountered last spring. But New York Community Bancorp’s troubles may open up fresh wounds.

Persons: Thomas Cangemi, Cangemi, “ rightsize, “, ” Organizations: New, New York CNN, New York Community Bancorp, New York Community, Bank, KBW, York Community, Signature Bank Locations: New York, New, York

☆ Everyone's talking about canceling Amazon Prime. New data suggests its growing again in the US.
▼ + stars: | 2024-01-30 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Read previewMore people seem to be talking about canceling their Amazon Prime memberships. But new data suggests Prime membership growth may have bounced back in the US, after seeing a dip for the first time ever in 2022. The increase follows Prime's first-ever drop in membership growth in 2022, when CIRP said its survey data showed Prime "essentially stopped growing" in the US. "An increase in Prime members today means that more US consumers are finding Prime and therefore Amazon shopping is worth the investment in membership." Earlier this week, Amazon started showing ads on its Prime video streaming service for the first time.

Persons: —, CIRP, Bradley Mattinger, Amazon's, Mattinger, Doug Herrington Organizations: Service, Amazon, Wall Street, Business, Consumer Intelligence Research Partners

☆ GoFundMe Is Remaking Disaster Aid. It Largely Helps the Wealthy.
▼ + stars: | 2024-01-29 | by ( Christopher Flavelle | ) www.nytimes.com time to read: +1 min

As climate-fueled disasters destroy more American homes, the crowdfunding platform GoFundMe has exploded in popularity. Its appeal is simple: People can provide cash directly to survivors, which is quicker than insurance and often more generous than government aid. But new research suggests that cash sent through GoFundMe disproportionately benefits the wealthy rather than those who most need help. They found that those with household incomes above $150,000 received 28 percent more money, on average, than those with incomes below $75,000. The authors concluded that the explanation largely revolves around social networks: Wealthier disaster survivors tend to be connected to more people, and those people often have more money to give.

Locations: Colorado, Boulder

☆ There's a new place to buy refurbished Apple iPhones, MacBooks, and other tech products
▼ + stars: | 2024-01-26 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Read previewThere's a new online marketplace for used Apple products. On January 25, electronics retailer Newegg launched Newegg Refreshed — which sells refurbished tech gadgets, including a selection of Apple MacBooks, Watches, iPhones, and more. The tech giant has its own space for selling pre-owned tech, and prices are similar to Newegg for most devices. The tech giant began selling used iPhones in 2016, 9to5Mac reported. Newegg; AppleFor those who prefer to use tech from outside the Apple family, Newegg has added refurbished options for computer parts and gadgets as part of its Refreshed program.

Persons: —, Newegg, Apple, 9to5Mac Organizations: Service, Business, Apple

☆ Did Netflix's movie boss leave because he didn't want to make so many movies?
▼ + stars: | 2024-01-26 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Netflix movie boss Scott Stuber, who joined in 2017, is leaving. AdvertisementOn Monday, when Netflix announced that Scott Stuber, their longtime film boss, was leaving to start his own production company, we wondered what the backstory was. Or, more accurately, one version of the answer: Stuber, who Netflix brought in to ramp up its movie business in 2017, was sick of making so many movies. Related storiesHe also wanted to get those movies into movie theaters, with wide distribution, before they came to Netflix. Sarandos and Bajaria—Stuber's boss since last January—wanted none of that, even though Netflix loses many coveted projects over the theater issue.

Persons: Scott Stuber, —, Ted Sarandos, Bela Bajaria —, — Kim Masters, Matt Belloni, Stuber, Here's, Bela Bajaria, He'd, Chris Nolan wouldn't, Oppenheimer, Belloni, Sarandos, Oscar Organizations: Netflix, Service, — Netflix, Hollywood, Apple, Sundance, Big Bad Locations: Puck, Hollywood

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