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☆ McDonald’s says Middle East turmoil is hurting its business
▼ + stars: | 2024-02-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —McDonald’s said growing tensions in the Middle East have hurt its business. The Middle East doesn’t make up a huge part of its overall business. McDonald’s noted that it provided an insignificant amount of financial assistance for franchisees impacted by the war in the Middle East. That was far worse than the more-than 4% growth in the United States and other international businesses. Many McDonald’s operators in the region quickly distanced themselves from the Israeli operator’s actions.

Persons: New York CNN — McDonald’s, McDonald’s, McDonald’s Israel, Chris Kempczinski, ” Organizations: New, New York CNN, East, Hamas, Starbucks Locations: New York, East, United States, Israel, Kuwait, Pakistan

☆ Super Bowl commercials 2024: Crypto and AI are out, insurance and mayo are in
▼ + stars: | 2024-02-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —For many, the Super Bowl is a three-hour showcase of ads with a football game shown occasionally during the breaks. that previously used the game to “either generate awareness or establish some form of legitimacy by having a Super Bowl ad,” Hardart said. Her star power makes the Super Bowl somehow an even bigger deal, particularly to some people who might not have cared to watch the game in the past. and L’Oreal’s NYX makeup buying ads for the first-time and Dove Body Wash returning to the Super Bowl after an absence of nearly 20 years. “The game between two well-known and well-liked teams, paired with the attendance of Swift could lead this to be the largest Super Bowl audience in years,” he predicts.

Persons: Paul Hardart, New York University’s, “, ” Hardart, it’s, Bud Light, Taylor Swift, She’s, Chiefs, Travis Kelce, Hardart, ” That’s, Swift, ” Organizations: New, New York CNN, San Francisco 49ers, Kansas City Chiefs, New York, New York University’s Stern School of Business, CNN, CBS, Farm, BMW, “, Super Locations: New York, Japan, Las Vegas

☆ ‘The Joe Rogan Experience’ will no longer be exclusive to Spotify
▼ + stars: | 2024-02-02 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Spotify announced a new multiyear partnership deal with podcaster Joe Rogan. “The Joe Rogan Experience” had been Spotify’s last exclusive podcast, the company confirmed. Spotify said Rogan’s podcast will be available on Apple, Amazon and YouTube, but it did not comment further about the deal’s terms. In the past three years, “The Joe Rogan Experience” has consistently been the number-one podcast across the globe. In 2020, Spotify announced it signed “The Joe Rogan Experience” for a multi-year exclusive licensing deal.

Persons: podcaster Joe Rogan, “, Joe Rogan, ”, Rogan, CNN’s Jordan Valinsky Organizations: New, New York CNN, Spotify, Apple, YouTube Locations: New York

☆ Peloton shares plunge as turnaround plan garners mixed results
▼ + stars: | 2024-02-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Peloton shares slid more than 20% Thursday after the fitness company said it expects to report another loss in the current quarter and is trimming its full-year revenue forecast, signaling that its several years-long turnaround is spinning out. CEO Barry McCarthy wrote in a letter to investors that some of his ideas have failed, including a push into selling Peloton bikes with college colors. McCarthy revealed that the company “sold substantially fewer bikes to alumni and boosters than we expected.” The short-lived program will be discontinued. He said the experience has “tarnished our brand” and that the busy holiday shipping season was “particularly taxing” for customers. The connected fitness company adjusted its full-year revenue lower from the previous $2.7 billion to $2.8 billion expected, with Peloton now forecasting it to be between $2.68 billion and $2.75 billion.

Persons: Barry McCarthy, McCarthy, Lululemon “, TikTok Organizations: New, New York CNN, Sporting Goods, Consumer Product Safety Locations: New York

☆ Subway’s new footlong cookies are so popular that it’s struggling to keep up with demand
▼ + stars: | 2024-02-01 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Unexpected demand for Subway’s new footlong cookies has created a big cookie shortage, driving the new snack off the menu less than two weeks after its big debut. Because of the cookie’s surprising popularity, Subway has temporarily removed them from its app and third-party channels, like DoorDash, to manage demand. Subway also said that for the first time since 2016, it has added more restaurants than it lost. In the past few years under Chidsey’s purview, Subway chain has undergone a makeover in basically all aspects of its business, because it has struggled recently against its sub-slinging competition. However, some franchisees recently complained that they weren’t impressed with the new $6,000 slicers.

Persons: Auntie Anne’s, ”, John Chidsey Organizations: New, New York CNN, Subway, “ Sidekicks Locations: New York, North America, China

☆ Starbucks is launching its olive oil-infused beverages nationwide
▼ + stars: | 2024-01-30 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks is taking its extra virgin olive oil-infused drinks — which some customers previously complained of sending them straight to the bathroom — nationwide beginning Tuesday. On the Oleato menu are two drinks: An oat milk latte infused with the extra virgin olive oil; and a new toffeenut iced shaken espresso with golden foam, which is vanilla sweet cream infused with extra virgin olive oil into a cold foam. Schultz met olive oil producer Tommaso Asaro, who introduced him to the practice of consuming a tablespoon of olive oil each day. Schultz picked up the habit himself, wondered if he could combine it with his daily coffee routine, and asked Starbucks’ beverage team to see if they could pull it off. One pair of reviewers posted a video titled “We Tried Starbucks Olive Oil Coffee Drinks and Seriously Regret It.”Others had mixed feelings but concluded that the drinks seem more like a stunt — something worth trying but not necessarily worth coming back for.

Persons: we’ve, ” Oleato, Howard Schultz, Laxman Narasimhan, Schultz, Tommaso Asaro, Bon, Narasimhan, Danielle Wiener, Bronner Organizations: New, New York CNN, Starbucks, CNN Locations: New York, Canada, Italy

☆ Super Bowl ticket prices hit record levels
▼ + stars: | 2024-01-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Ticket prices for this year’s Super Bowl matchup between the Kansas City Chiefs and San Francisco 49ers might even make billionaire Taylor Swift blush. As of Monday, the February 11 game is the most expensive Super Bowl on record, according to TickPick. Defending Super Bowl champions the Chiefs are headed to the big game for the fourth time in five years. The 2020 game was previously the most expensive Super Bowl on record, according to TickPick, which had an average purchase price of $6,370. Super Bowl LVIII is set for Sunday, February 11 in Las Vegas with kickoff happening at 6:30 p.m.

Persons: Taylor Swift, ” Brett Goldberg, ”, TickPick, Goldberg, ” Goldberg Organizations: New, New York CNN, Kansas City Chiefs, San Francisco 49ers, Chiefs, 49ers, Super, CNN, Sunday, CBS, Paramount Locations: New York, Vegas, Nevada, Las Vegas

☆ Why Amazon Prime video suddenly has a different look
▼ + stars: | 2024-01-29 | by ( Jordan Valinsky | David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Amazon Prime members today may notice something looks a little different when they watch Prime Video: They’ll have to watch ads, unless they want to pay a little extra. Starting Monday, Prime Video will feature “limited” advertisements in its shows and movies. Prime Video is joining most other streaming services by inserting ads into its programming and raising prices on ad-free tiers. Netflix in October said its premium ad-free plan in the United States will increase by $3 per month, to $22.99. Prime Video, which is home to the new Nicole Kidman series “Expats” and “Citadel,” is included in the $139 yearly Prime subscription.

Persons: ’, Morgan Stanley, Nicole Kidman Organizations: New, New York CNN, Amazon, Netflix, Disney, Hulu, CNN, Warner Bros, NBCUniversal, “ Citadel Locations: New York, United States, “, ”

☆ United and American Airlines add Super Bowl flights with a nod to Taylor Swift and Travis Kelce
▼ + stars: | 2024-01-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —The Kansas City Chiefs and San Francisco 49ers are playing each other in this year’s Super Bowl, and airlines are excited about the potential match – that is, Taylor Swift and Travis Kelce. American Airlines and United both added special flights between Kansas City and Las Vegas airports over the Super Bowl weekend with special flights numbers that have Swifties and the Chiefs Kingdom taking notice. The flights will take off on Friday, February 9 and Saturday, February 10 from Kansas City to the host city. United is also adding Swift and Kelce-themed flight numbers between Kansas City and Las Vegas during the weekend, too. Airlines commonly added special flights to Super Bowl host cities for fans traveling to see the game.

Persons: Taylor Swift, Travis Kelce, ”, “, Patrick Mahomes, Swift Organizations: New, New York CNN, Kansas City Chiefs, San Francisco 49ers, American Airlines, United, Kansas City, Super, Chiefs Kingdom, CNN, , Kansas City Chiefs, Las Vegas, 49ers, California Gold Rush, Airlines, Super Bowl, Sunday, Allegiant Locations: New York, Kansas, Las Vegas, Kansas City, ,, United, Las, San Francisco

☆ Paul ‘Triple H’ Levesque makes public comments after WWE employee’s sex trafficking accusations against Vince McMahon
▼ + stars: | 2024-01-28 | by ( Elisabeth Buchwald | Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Paul “Triple H” Levesque, the chief content officer at World Wrestling Entertainment, made his first public comments after Vince McMahon resigned Friday from the board of WWE’s parent company, TKO Group Holdings, in the wake of a former employee’s lawsuit accusing McMahon of sex trafficking, sexual assault and physical abuse. The horrifying allegations against McMahon were brought forward by Janel Grant, who worked at WWE’s headquarters. Grant alleged McMahon promised a job — and later promotions — at WWE in exchange for sex. Grant’s lawsuit also includes allegations McMahon trafficked her to other men inside and outside the company, including John Laurinaitis, a former wrestler who worked in the company’s talent relations department. The deal valued the newly combined company at over $21 billion, with WWE shareholders owning 49% of the combined company.

Persons: New York CNN — Paul “, New York CNN — Paul “ Triple H ” Levesque, Vince McMahon, McMahon, WWE’s, Levesque, McMahon’s, ” Levesque, he’s, Janel Grant, Grant, —, John Laurinaitis, Laurinaitis, Ari, Cody Rhodes, Dwayne “, ” Johnson, Samantha Delouya, Elizabeth Wagmeister, Jordan Valinsky Organizations: New, New York CNN, New York CNN — Paul “ Triple, World Wrestling Entertainment, Holdings, WWE, Endeavor, UFC, Netflix Locations: New York, St . Petersburg , Florida, WWE’s, Laurinaitis, Hollywood

☆ Vince McMahon accused of trafficking former WWE employee in new lawsuit
▼ + stars: | 2024-01-25 | by ( Samantha Delouya | Jordan Valinsky | ) edition.cnn.com time to read: +8 min

CNN —A former WWE staffer has accused the company’s founder, Vince McMahon, of sexual assault, trafficking and physical abuse in a lawsuit filed Thursday. In a statement, WWE’s parent company, TKO Group Holdings, said McMahon does not control TKO or oversee day-to-day operations at WWE. Led by McMahon, WWE and UFC, a mixed-martial arts entertainment competitor, announced in April 2023 that they would combine to form TKO. Lawsuit details disturbing allegationsAccording to the lawsuit, Grant was introduced to McMahon in 2019 when she was looking for work. The lawsuit also detailed an alleged sexual assault among Grant, McMahon and Laurinaitis that occurred at WWE’s headquarters in 2021.

Persons: CNN —, Vince McMahon, Janel Grant, McMahon, Grant, –, John Laurinaitis, ”, WME, Ann Callis, “, ” Callis, Mr, ” McMahon, Ari, Dwayne “, ” Johnson, Johnson Organizations: CNN, WWE, UFC, ” WWE, Endeavor, Netflix Locations: Connecticut, McMahon’s, Laurinaitis, Hollywood

☆ Robert Kraft is buying a Super Bowl ad to highlight the rise of antisemitism
▼ + stars: | 2024-01-25 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —A Super Bowl ad set to be shown during next month’s game will highlight the rise of antisemitism, with a 30-second spot from “Stand Up to Jewish Hate,” a campaign from the nonprofit organization founded by Robert Kraft, the billionaire businessman and owner of the New England Patriots. It’s the first time his Foundation to Combat Antisemitism (FCAS) is buying an ad during the “most visible platform,” which last year was watched by 113 million viewers and was the third most-watched television program of all time. According to FCAS research, 183 million posts on social media were related to antisemitism and Jewish culture in 2023 — a 330% increase from the prior year. The organization said Google searches for “Kill Jews” increased by 1,800% in the past three months. The Super Bowl airs on CBS on February 11, with ads costing a reported $7 million each.

Persons: ”, Robert Kraft, Kanye, FCAS, ” FCAS, Kraft Organizations: New, New York CNN, New England Patriots, Combat, “, CBS Locations: New York, Israel

☆ Subway franchisees are underwhelmed by its new $6,000 slicers
▼ + stars: | 2024-01-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Last year, Subway paid to install $6,000 slicers at the chain’s 20,000 US locations in response to its rivals serving freshly sliced meat. The results, so far, have been a “mixed bag,” according to Bill Mathis, the chairman of the North American Association of Subway Franchisees (NAASF), which represents as many as half of Subway locations on the continent. Franchisee’s flaring tensionsThe candor expressed by Mathis isn’t the first time franchisees have expressed their frustration with Subway. Subway, a privately held company, highlights praise from some franchisees during its periodic financial releases. In 2022, a release featured a quote from Donna Curry, a Subway franchisee that owns about 65 locations.

Persons: Bill Mathis, ” Mathis, “, Mathis, he’s, ”, there’s, it’s, you’re, Mathis isn’t, Elisabeth DeLuca, Donna Curry, John Chidsey Organizations: New, New York CNN —, Subway, North American Association of Subway, Restaurant Business, CNN Locations: New York, NAASF

☆ In-N-Out has never closed a location, until now. It cites crime as the problem
▼ + stars: | 2024-01-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —In-N-Out is permanently closing one of its restaurants for the first time ever, announcing that its Oakland location will soon shutter because of rampant crime in the California city. In-N-Out said in a statement that while “several” of its locations have relocated in its 75-year history, the Oakland closure is the first restaurant it has closed. A diner told CNN affiliate KPIX-TV that someone broke into their car recently while they were eating inside the In-N-Out location. An In-N-Out employee also told the station they’ve seen armed robberies at the restaurant’s parking lot. In-N-Out is a privately held company with roughly 400 locations around the United States, mostly on the west coast.

Persons: ”, Denny Warnick, Warnick, Councilwoman Treva Reid, she’s, Oakland’s, hasn’t, “, KPIX Organizations: New, New York CNN, Oakland Police Department, CNN, KGO, Contra Costa county Locations: New York, Oakland, California, San Francisco, United States, Contra Costa

☆ Police arrest California woman for allegedly stealing 65 Stanley cups
▼ + stars: | 2024-01-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Police responding to a retail theft call in a California city discovered what is likely the most 2024 thing ever: A Sacramento woman allegedly stole about five dozen Stanley cups valued at a whopping $2,500. After a search of the car, the police recovered 65 Stanley cups. The inexplicable allure of Stanley cups has led people to go to extreme lengths to collect them. “The Roseville Police Department remains committed to stopping retail theft.”The Stanley cups were stuffed in the suspect's trunk. Once the cups took off on social media, Stanley’s annual sales reportedly jumped from $75 million to $750 million in 2023 alone.

Persons: Stanley, “, ”, Stanley Quenchers, William Stanley, Jr, Terence Reilly, CNN’s AJ Willingham Organizations: New, New York CNN — Police, Roseville Police, Facebook, Stanley Locations: New York, California, Sacramento, Target, Roseville

☆ Dwayne ‘The Rock’ Johnson scores mega payday to join the WWE’s board
▼ + stars: | 2024-01-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

He also secures full ownership of his stage name, “The Rock,” as part of the deal. I’ve been there, I’m still there and this is for them.”The TKO board now has 13 members, following Tuesday’s appointment of Groupon co-founder Brad Keywell as well. “Very few people on the planet understand the convergence of sports, entertainment, media, and business like Rock,” Vince McMahon, executive chairman of TKO’s board said. The show will begin streaming live January 2025. WWE had an early foray into the streaming business but largely failed to win enough subscribers to support itself.

Persons: New York CNN — Dwayne “, ” Johnson, , Johnson, Johnson’s, I’ve, I’m, Groupon, Brad Keywell, ” Vince McMahon, ”, Mark Shapiro Organizations: New, New York CNN, Holdings, WWE, UFC, Netflix, ZOA Energy, Seven Bucks, United Football League, World Wrestling Entertainment, Endeavor Group, Endeavor, Comcast’s USA, NBC Locations: New York

☆ Macy’s rejects a $5.8 billion unsolicited takeover offer
▼ + stars: | 2024-01-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Macy’s has rejected a $5.8 billion offer to take the 165-year-old retailer private, announcing late Sunday that the “unsolicited proposal lacks compelling value.”Last month, Arkhouse Management, a real estate-focused investing firm, and Brigade Capital Management, a global asset manager, offered to buy the remaining Macy’s shares it doesn’t own at a 32% premium. The company first opened in 1858 and now operates about 500 Macy’s branded stores, as well as 55 of the more upscale Bloomingdale’s chain. Macy’s has attempted numerous strategies in recent years to revitalize its business, such as new brands and smaller stores, but the moves have not altered its long-term trajectory. Its stock price has dropped 75% from a peak of $73 a share in 2015. Since then, it has closed nearly 300 stores — almost one-third — leaving about 700 across its brands.

Persons: New York CNN — Macy’s, “, ”, Jeff Gennette, ” Arkhouse, Arkhouse, ” Macy’s, Macy’s, CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Arkhouse Management, Brigade Capital Management, Brigade Locations: New York

☆ FTC bans TurboTax from advertising ‘free’ services, calls it deceptive advertising
▼ + stars: | 2024-01-22 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —The Federal Trade Commission ruled in a final order and opinion Monday that TurboTax, the popular tax filing software, engaged in deceptive advertising and banned the company from advertising its services for free unless it is free for all customers. By running ads for “free” tax services that many customers were not qualified for, the tax filing software violated the FTC Act and deceived consumers, the agency said. The FTC had first sued Intuit, TurboTax’s owner, for its deceptive advertising in 2022. Intuit cannot advertise or market any goods or services as free unless it’s free for all customers, the FTC ordered. The FTC added if the service isn’t actually free for the majority of consumers, TurboTax could state that as well.

Persons: D, Michael Chappell, “, ”, —, Letitia James, ” CNN’s Jordan Valinsky Organizations: New, New York CNN, Federal Trade Commission, FTC, Intuit Locations: New York

☆ Wayfair lays off 13% of its workforce weeks after telling employees to work harder
▼ + stars: | 2024-01-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns. “I believe we need to stay focused as a company on what committed small teams can accomplish,” Shah wrote Friday. All workers will receive an email Friday about their future with the company and severance will be offered to those affected. Late last year, Wayfair’s Shah garnered attention for his blunt year-end letter to his employees telling them to blend work and life together. Shah also encouraged Wayfair employees to think of the company money they spend as their own and negotiate prices.

Persons: New York CNN —, Niraj Shah, Wayfair “, Shah, “, ” Shah, Wayfair, Wayfair’s Shah, ”, CNN’s Nathaniel Meyersohn Organizations: New, New York CNN Locations: New York, Boston

☆ Subway is adding something big to its menu
▼ + stars: | 2024-01-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

The permanent sides, called Subway Sidekicks, will be available across the US beginning January 22. Sidekicks marks a whole new menu category for Subway, best known for their sandwiches. The additions come from customers demanding more from the menu, according to Douglas Fry, Subway’s North America president. Technomic data shows that Subway also lags in sales for sides and snacks compared to its competitors. Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.

Persons: Auntie Anne’s, Douglas Fry, “, we’ve, ” Fry, Fry, ”, David Henkes, ” Henkes, doesn’t, Jimmy John’s, Roark Organizations: New, New York CNN, Subway, North America, CNN, “, Sidekicks, US Subway, QSR Magazine, Jersey, Roark Capital Locations: New York, North America

☆ 3M earplug lawsuit: Payments to veterans begin in $6 billion settlement
▼ + stars: | 2024-01-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

Earlier this week, the company announced that it has begun sending out approximately $250 million in payments to service members and veterans, with payouts being completed by the end of January. 3M said in a statement that it has received “strong and widespread support from claimants and the broader military community” for the settlement. 3M is prepared to continue to defend itself in the litigation if certain agreed terms of the settlement agreement are not fulfilled,” the company said. Veterans accused 3M of selling defective earplugs that caused hearing loss and tinnitus, according to a 2021 Wall Street Journal report. The earplugs were made by Aearo Technologies, a company 3M bought in 2008.

Persons: Aearo, ” Organizations: New, New York CNN, 3M, Veterans, Aearo Technologies Locations: New York

☆ BodyArmor thinks eliminating this one ingredient will help it topple Gatorade
▼ + stars: | 2024-01-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Coca Cola-owned BodyArmor is unleashing its newest beverage as part of its years-long effort to overthrow Pepsi’s Gatorade from its position as the top-selling sports drink brand. Rolling out to retailers this month is BodyArmor Zero Sugar, a sugar-free version of its popular flavored sports drink, taking aim at Gatorade’s G Zero beverages. “We know that there is a consumer that looks specifically for zero sugar, and until now, BodyArmor didn’t have a product to play with there.”BodyArmor Zero Sugar comes in four flavors, including fruit punch, lemon lime, orange and cherry lime. BODYARMOR Sports DrinkSweating from competitionBodyAmor has been gaining on the dominance Gatorade has held for about six decades but still lags far behind. Research firm Euromonitor reports that Gatorade commanded 63.5% of US sports drink marketshare in 2023, compared to BodyArmor’s 12% and 14.3% for its sister brand Powerade.

Persons: Pepsi’s, isn’t, Federico Muyshondt, Coke, “, BodyArmor, ” Muyshondt, It’s, ”, Muyshondt, BodyAmor, Zero, Duane Stanford, Powerade, Stanford, ” Stanford, BodyArmor’s Muyshondt, “ BodyArmor Organizations: New, New York CNN, Pepsi’s Gatorade, Gatorade, CNN, Research, Beverage Digest, BodyArmor, Stanford Locations: New York, Canada

☆ Premarket stocks: The rich and powerful are meeting in Davos. Here’s what they’re talking about
▼ + stars: | 2024-01-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Climate catastrophes: Climate change is a hot topic as leaders meet to discuss balancing economic growth with sustainability. Davos comes just days after scientists around the globe reported that the average temperatures last year reached a new record high. The report also said that cooperation among global leaders on the issue is scarce. So while leaders will likely discuss the use of fossil fuels and green development, there may not be much agreement. Leaders gathered in Davos Sunday to discuss Ukrainian President Zelensky’s 10-point peace plan to end Russia’s war with his country.

Persons: Isaac Herzog, Volodymyr Zelensky, Emmanuel Macron, Li Qiang, Antony Blinken, Jake Sullivan, John Kerry, Satya Nadella, Sam Altman, Jamie Dimon, Brian Moynihan, Larry Fink, Donald Trump, ”, Philipp Hildebrand, CNN’s Richard Quest, ” “, ” Nicolai Tangen, CNN’s, “, Kristalina Georgieva, OpenAI’s Altman, Microsoft’s, Zelensky’s, JPMorgan’s Dimon, Herzog, Klaus Schwab, Tami Luhby, Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, Warren Buffett, Nabil Ahmed, ” Ahmed, Jordan Valinsky, Comité Organizations: New, New York CNN, World Economic, National, Business, Microsoft, JPMorgan, Bank of America, BlackRock, Republican, GOP, ” BlackRock, Bank, Norges Bank, International Monetary Fund, IMF, State, Amazon, Oracle, Berkshire Hathaway, Oxfam, Workers Locations: New York, Davos, United States, Iowa, Europe, Taiwan, India, Mexico, China, Covid, Champagne, France

☆ Bill Gates explains how AI will change our lives in 5 years
▼ + stars: | 2024-01-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

The rise of AI has elicited fear that the technology will eliminate millions of jobs around the world. The International Monetary Fund this week reported that about 40% of jobs around the world could be affected by the rise of AI. Gates doesn’t necessarily disagree with that notion, but he believes history shows with every new technology comes fear and then new opportunity. “I have more than enough money for my own consumption,” Gates said when Zakaria asked how philanthropic efforts are going. At a rate of $9 billion a year, Gates anticipates he’ll have given away all of his money in about 20 years.

Persons: New York CNN —, Bill Gates, Gates, ” Gates, CNN’s Fareed Zakaria, OpenAI’s, ”, Zakaria, hadn’t, “ I’m, I’ll, Melinda French Gates, he’s, Warren Buffett, CNN’s “ Fareed Zakaria Organizations: New, New York CNN, Monetary Fund, Microsoft, OpenAI, Gates, World Economic, CNN Locations: New York, Davos, Africa

☆ Washington state wants to block the Kroger-Albertsons merger
▼ + stars: | 2024-01-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Washington state is suing to block the proposed $25 billion merger between supermarket chains Kroger and Albertsons, warning that if approved it could raise prices and harm consumers. In a suit filed Monday by the state’s Attorney General Bob Ferguson, his reasons for opposing the merger are because it would “severely limit” grocery store options for Washington residents and “eliminate vital competition” among the brands. “This merger is bad for Washington shoppers and workers,” Ferguson said. Kroger announced it was buying Albertsons in 2022 with the transaction expecting to close later this year, depending on regulatory approval. The companies say they will reach 85 million households.

Persons: Bob Ferguson, ” Ferguson, “, Kroger, ”, ” Kroger Organizations: New, New York CNN, Albertsons, Washington, “, Kroger Locations: New York, Washington

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