Howard Schultz Says Starbucks’ New Olive Oil Coffee Drinks Are ‘Transformational’
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Howard Schultz Says Starbucks’ New Olive Oil Coffee Drinks Are ‘Transformational’
Howard Schultz Says Starbucks’ New , Olive Oil Coffee Drinks Are ‘Transformational’.
The interim CEO told CNBC's Jim Cramer about the new line of drinks on Feb.
21.
This is a transformational moment in the history of our company creating a new category, a new platform, Howard Schultz, interim Starbucks CEO, via CNBC.
Schultz said he got the idea for the olive oil-infused coffee, dubbed "Oleato," after visiting Sicily.
Schultz said he got the idea for the olive oil-infused coffee, dubbed "Oleato," after visiting Sicily.
Discover how Walmart, Delta, Starbucks, and other major corporations are reportedly utilizing AI technology to monitor employee communications. Is this the future of workplace surveillance? Learn more about the growing concerns and implications of AI snooping in this eye-opening report.
#AI #AIArt #ArtificialIntelligence #BusinessNews #Walmart #Delta #Starbucks #AITools #CorporateEmployees #Deepfake #Oneindia
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Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
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Ireland assistant coach John McKee says his side's approach to their game against Scotland will not be altered by the result of Italy's game in Wales. BBC Sport
Body cam footage from a Seattle police officer captured the moment they gunned down a suspect ... who pulled a gun on the cops. The footage -- filmed Wednesday.. TMZ.com
This Day in History: , Kurt Cobain Dies By Suicide.
April 5, 1994.
The Nirvana frontman died by suicide
in his Seattle home after struggling with
drug addiction and depression for years.
The rock icon had checked himself out of
a Los Angeles rehab just a week earlier.
His body wasn't discovered until three days later when
an electrician visited the home to install a security system.
Police found a suicide note written by Cobain,
in which he quoted the Neil Young lyric that it's
“better to burn out than to fade away.”.
Despite being ruled a suicide by authorities,
Cobain's death has been widely blamed on his partner,
singer Courtney Love.
After the song "Smells Like Teen Spirit" rocketed
Nirvana to worldwide fame, Cobain had been
referred to as "the spokesman of a generation.".
He was 27 years old
Credit: Wibbitz Top Stories Duration: 01:04Published
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
Donald Trump's hush money criminal trial in NYC could face an unfair playing field based on the jury -- but in terms of who it benefits, it's a crapshoot ... so.. TMZ.com
Harvey Weinstein’s Rape Conviction , Is Overturned.
New York's Court of Appeals
overturned the movie mogul's 2020 rape conviction by a vote of 4-3 on April 25.
According to the appeals court, trial judge James Burke "prejudiced Weinstein with 'egregious' improper rulings," AP reports. .
For example, he let women bring forth allegations against Weinstein that he wasn't charged with.
The action was an "abuse of judicial discretion," the appeals court said. .
Without question, this is appalling,
shameful, repulsive conduct that
could only diminish defendant’s
character before the jury, New York's Court of Appeals, via AP.
Although this conviction has been overturned, the 72-year-old will remain in prison due to a separate 2022 rape conviction in Los Angeles.
His lawyers have chosen to
appeal that conviction as well. .
Jennifer Bonjean, who helped free Bill Cosby from
prison, issued a statement about the development.
Jennifer Bonjean, who helped free Bill Cosby from
prison, issued a statement about the development.
A jury was told in California that
he was convicted in another
state for rape ... turns out he
shouldn’t have been convicted
and it wasn’t a fair conviction… , Jennifer Bonjean, Harvey Weinstein's attorney, via AP.
It interfered with his
presumption of innocence in
a significant way in California, Jennifer Bonjean, Harvey Weinstein's attorney, via AP.
On April 25, prosecutors said that "the legal issues identified by the New York Court of Appeal are
not present in the Los Angeles County Case.".
The Manhattan district attorney's office
said they will "do everything in our power to
retry this case, and remain steadfast in our commitment to survivors of sexual assault."
Credit: Wibbitz Top Stories Duration: 01:31Published
Rose McGowan is slamming the fact Harvey Weinstein's NYC rape conviction was overturned ... and she's got an empowering message for all of his alleged victims... TMZ.com
Donald Trump has another problem with his criminal trial in NYC -- aside from the fact he's being prosecuted and forced to attend daily ... the courthouse is.. TMZ.com
Chris Pine's got the California surfer look down ... a style he seemingly raided from the set of his new movie "Poolman," and seems comfortable keeping long.. TMZ.com
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
A group representing the fired
workers said the total number of staff
terminated for protesting is now over 50. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
Last week, workers held sit-in
protests at Google's offices in both
New York and Sunnyvale, California.
The protests were organized by the group
No Tech For Apartheid, who said that 30 workers
were fired following the initial sit-in. .
According to Jane Chung, a spokeswoman for
No Tech For Apartheid, Google has now fired
"over 20" more workers, “including non-participating
bystanders during last week’s protests.”.
Google’s aims are clear:
the corporation is attempting
to quash dissent, silence
its workers, and reassert
its power over them, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
Google has disputed the group's claims,
stressing that the company carefully found that, “every single one of those whose employment
was terminated was personally and definitively
involved in disruptive activity inside our buildings.”
Credit: Wibbitz Top Stories Duration: 01:31Published
California was definitely hit with a few good April showers this year ... but as the warmer weather washes over the West Coast, we are bubbling up some of.. TMZ.com
How Did '4/20' Become
a Holiday for Weed?.
One common theory is that it stems
from a California criminal code for
those who distribute the drug.
According to CNN, California's 420 code is actually for obstructing entry on public land.
The state's medical marijuana
program was created from a bill
with the number 420.
Oaksterdam Cannabis Museum's Chris Conrad
says "4/20" started as a code in
Marin County, California, at San Rafael High School.
In the 1970s, a group called
"The Waldos" would get together at
4:20 PM to smoke pot.
The time of the day was convenient as it
was right after school ended with
no parental supervision just yet.
"4/20" became a code word that allowed
them to notify each other in front of
unsuspecting parents.
From there, the phrase likely
spread across the country
Credit: Wibbitz Top Stories Duration: 01:02Published
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