Category: News

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THE PAYMENTS ECOSYSTEM: The biggest shifts and trends driving short- and long-term growth and shaping the future of the industry

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July 25, 20210

Business Insider Intelligence This is a preview of The Payments Ecosystem research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more consumer coverage with Payments & Commerce Pro. Subscribe today to receive industry-changing payments and commerce news and analysis to your inbox. The power dynamics in the payments industry are changing as businesses and consumers shift dollars from cash and checks to digital payment methods. Cards dominate the in-store retail channel, but mobile wallets like Apple Pay are seeing a rapid uptick in usage. At the same time, e-commerce will chip away at brick-and-mortar retail as smartphones attract a rising share of digital shopping. Digital peer-to-peer (P2P) apps are supplanting cash in the

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The S&P 500 is on track for the best quarterly earnings growth since 2009 as companies smash expectations

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July 25, 20210

Company earnings have consistently beaten Wall Street estimates in the second quarter. JOHANNES EISELE/Getty Images The S&P 500 is on track for its best quarterly earnings growth since 2009, data shows. Companies are smashing expectations, with 88% so far outstripping estimates in Q2. Strong earnings are supporting stocks, but the delta COVID-19 variant remains a risk. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. S&P 500 companies are on track for the best earnings growth since 2009, with companies smashing estimates as the US economy bounces back to life from COVID-19 lockdowns. The strong quarter is helping support stocks despite high equity prices, rising inflation, and the threat of the delta coronavirus variant. Earnings for S&P 500 companie

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American Airlines passenger who refused to wear a mask screamed for 10 minutes during her arrest, reports say

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July 25, 20210

Incidents of air rage have been rising in recent months. Nick Oxford/Reuters An American Airlines passenger was arrested in New Orleans after refusing to wear a mask, police said. Witnesses told The New Orleans Advocate that the woman was heard screaming while being hauled away. The incident caused an hour-long delay on the 1768 flight to Dallas. See more stories on Insider's business page. An American Airlines passenger was detained on Friday after refusing to wear a mask or to exit a plane at a New Orleans airport, the New Orleans Advocate (Nola) reports. American Airlines Flight 1768 was preparing to leave Louis Armstrong International Airport for Dallas but was delayed for up to an hour due to the mask incident, according to the report. American Airlines spokesperson Derek Walls ...

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Sen. Rand Paul confronted by foul-mouthed constituent during a virtual town hall meeting

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July 25, 20210

Sen. Rand Paul, R-Ky. Greg Nash/Pool via AP A Kentucky resident told Sen. Rand Paul to "get f---ed" during a virtual town hall meeting. The interaction was posted on TikTok before being deleted. Paul has been criticized for refusing to get a COVID-19 vaccine and encouraging people to ditch masks. See more stories on Insider's business page. Sen. Rand Paul was told to "get f---ed" during a virtual town hall meeting. The Kentucky senator was taking calls from constituents when one caller named Alexis Toon said, "Hi Senator, I'm a proud Kentucky citizen, and I just wanted to tell you to get f---ed." Paul and his aide momentarily pause before the aide says, "Alright, we'll go ahead to our next question." -Aaron Rupar (@atrupar) July 24, 2021 Toon posted the exchange on TikTok with th...

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General Motors sues Ford over its ‘BlueCruise’ self-driving branding, saying it’s too similar to GM’s ‘Cruise’ and ‘Super Cruise’

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July 25, 20210

Ford BlueCruise. Ford General Motors sued Ford for trademark infringement over its "BlueCruise" self-driving tech. "Ford knew exactly what it was doing" when it used a brand name similar to GM's "Cruise," GM said. Ford said the term "cruise control" has been widely used for decades, Reuters reported. See more stories on Insider's business page. General Motors on Friday filed a lawsuit against Ford over the branding of its "BlueCruise" hands-free driving tech. Ford's April announcement of its BlueCruise tech amounted to a "brazen attempt" to co-opt GM's branding, the complaint said. GM said the name infringed on the trademark of its subsidiary, Cruise, and its self-driving vehicle software, Super Cruise, launched in 2017. "Ford knew exactly what it was doing," the complaint said. "If Fo...

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Tokyo Olympics TV schedule for Sunday July 25

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July 25, 20210

Here’s the Tokyo Olympics TV schedule for Sunday July 25. Highlights includes skateboarding, swimming and the triathlon. SUNDAY, JULY 25 CNBC 11 p.m. – 4 a.m. – Men’s Water Polo – U.S. vs. Japan (LIVE) Diving – Women’s Synchronized Springboard Final (LIVE) Archery – Women’s Team Final (LIVE) 5 p.m. – 11 p.m. – Skateboarding – Women’s Street Final (LIVE) Rugby – Men’s Qualifying Round (LIVE) Archery – Men’s Team Elimination Round Skateboarding – Women’s Street Final (LIVE) Fencing – Men’s Individual Foil Round of 32 Men’s Basketball – Argentina vs. Slovenia (LIVE) NBC 5 a.m. – 9:15 a.m. – Swimming – Qualifying Heats (LIVE) Women’s 3×3 Basketball – U.S. vs. Taiwan (LIVE) Beach Volleyball – Men’s Qualifying Round (LIVE) Men’s Water Polo – U.S. vs. Japan Rowing – Qualifying Heats & Repecha

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Ask Amy: My friends didn’t tell me their suspicions about my husband. It cost me five years of hell.

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July 25, 20210

Dear Amy: “Wondering” was unsure if she should tell her friend that the woman’s husband was having an affair. I appreciate she gave the husband the opportunity to tell his wife first, but he didn’t. Amy Dickinson It’s interesting that people who possess such knowledge feel they will “destroy someone’s marriage” or “ruin someone’s life” if they share such information. My husband lived in the basement, emotionally left our family and basically ignored us (my two young boys and me) for five years. He barely worked, destroyed our finances, and will never have to pay back the tens of thousands of dollars he “borrowed” from my parents. I thought he was depressed. I didn’t know that he was having an affair with one of my friends. Mutual friends were very suspicious of their relationship but chose

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A 19-year-old restaurant boss started out buttering toast for $9.25 an hour – now, he earns $50,000 and manages 22 people. Here’s what his workday looks like.

Usanewsposts

July 25, 20210

Jason Cabrera, 19, is the general manager for a Layne's Chicken Fingers restaurant in Allen, Texas. Zerb Mellish for Insider Jason Cabrera, 19, earns $50,000 a year and manages 22 people at Layne's Chicken Fingers in Texas. Laynes' CEO said he has made three teenagers managers this year amid the labor shortage. Cabrera said some customers are "shocked" at his young age. Here's what his day looks like. See more stories on Insider's business page. Jason Cabrera became a manager of a Texas fast-food restaurant just one week after his 19th birthday. He started out buttering toast and washing dishes for $9.25 per hour, and now earns $50,000 a year in his senior role. Cabrera, who joined the Allen branch of Layne's Chicken Fingers in late 2018, took the job in January, as a severe labor sh

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The performance of your stock portfolio can reflect the kind of music you listen to – with happy tunes correlating to higher returns, according to a top UK academic

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July 25, 20210

Caroline Purser/Getty Images What type of music people listen to is reflected in stock markets, Finance professor Alex Edmans says. There is a correlation between the positivity of music and returns, volatility, fund flows and even government bonds. This is because emotions drive decision making and are reflected in music choices, Edmans argues. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. What type of songs you listen to could be reflected in how your stock portfolio performs, as there is evidence of a correlation between the positivity of the music investors listen to and returns, according to Alex Edmans, who is professor of finance at London Business School. Traditional economic belief is that fundamentals impact markets - but humans aren't automated rob

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Dear Abby: I heard these strangers talking about me, and I was embarrassed

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July 25, 20210

DEAR ABBY: I’m a private-duty nurse in my 50s and have two grown children. It’s hard work. Jeanne Phillips I have one big problem, which is very embarrassing. I used to work in a hospital and, because of the hectic work schedule, I had to eat fast. Our lunch break was only 30 minutes, and I had to stand in line to get my food. I never broke the habit. I was eating at a restaurant recently and some people sitting across from me commented about it. The man said, “She eats like she’s starving!” Related Articles Dear Abby: They get nasty with me if I don’t walk their dogs Dear Abby: What’s wrong with calling a woman ‘dear’ if I don’t know her name? Dear Abby: I had an affair with her, then I fell in love with her daughter

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Saugus’s Abbey Weitzel first from Southern California to win a medal at Tokyo Olympic Games

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July 25, 20210

SAUGUS — Abbey Weitzeil of Saugus on Satruday, July 24, became the first Southern Californian to win a medal at the Tokyo Olympics, winning a bronze medal by swimming the second leg on the U.S. women’s 4X100-meter freestyle relay team. The U.S. was sixth in the field of eight after Erika Brown swam the opening leg in 54.02 seconds. Weitzeil swam her leg in 52.68 seconds, the fastest among the four U.S. relay team members, moving the Americans into fourth. Natalie Hinds swam the third leg in 53.15 and Simone Manuel the anchor leg in 52.96 as the U.S. completed the race in 3:32.81, .03 of a second behind second-place Canada. Australia won in 3:29.69, breaking its previous world record of 3:30.65. Related links Saugus swimmer Abbey Weitzeil ends prep career ready for Olympic dreams Rio 201...

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A’s lose to Mariners on walk-off wild pitch

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July 25, 20210

The A’s are beginning to lose ground on the Houston Astros in the American League West race, and they are doing it in the most frustrating ways. Closer Lou Trivino entered a 4-4 tie on Saturday night in the bottom of the ninth inning, but yielded a leadoff single, then walked two batters and then threw a wild-pitch with two outs to send the winning run home. It was the second consecutive game the A’s allowed the winning run on a wild pitch. The A’s fell to 56-44 on the season, their deficit in the AL West growing to  4.5 games behind the Astros. It wasn’t the A’s cleanest effort by any stretch on Saturday night. A’s ace Chris Bassitt, who made his 100th major-league appearance, lasted just five innings, the offense found a way to score but left several opportunities on the bases and Trivin

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Del Mar: United, Flavien Prat repeat in Eddie Read Stakes

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July 25, 20210

DEL MAR — There were major concerns in the Richard Mandella barn after United’s most recent start, a last-place finish in a four-horse field as the odds-on favorite in the Grade II Charles Whittingham Stakes at Santa Anita on May 29. Going into the Whittingham, the 6-year-old United had finished in the money in 13 of his 18 starts, winning eight of them. Mandella said before the Whittingham that he thought the son of Giant’s Causeway was as good as ever. If there were questions about United going into Saturday’s $250,000 Grade II Eddie Read Stakes at Del Mar, they’ve been answered after he rallied from fifth as the 3-1 second choice and overtook even-money favorite Smooth Like Strait in the final sixteenth of a mile to win the 1 1/8-mile turf race by a neck. “He came in off that terrible r

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José Cifuentes scores, LAFC ties Vancouver, 2-2

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July 25, 20210

LOS ANGELES — The Los Angeles Football club salvaged a point on Saturday, coming from two goals behind at home to tie the Vancouver Whitecaps. Carlos Vela and José Cifutentes scored for LAFC after the visitors connected twice in the opening 45 minutes to match their total number of first-half finishes through 14 games. “Not enough guys had really good days,” said LAFC head coach Bob Bradley, whose post-match comments zeroed in on the lack of intensity from a starting lineup that was overrun in the middle of the field. “There’s a part where you’re behind and you’ve got to push hard to get back in the game, so there’s some credit in that end but overall not good enough tonight. Following a disappointing 2-1 loss at Portland on Wednesday, LAFC appeared wilted. “It didn’t seem like we had ener

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Santa Cruz: Police arrest two suspects linked to BLM mural vandalism

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July 25, 20210

SANTA CRUZ — Two male suspects have been arrested on felony counts in connection with the alleged vandalism of a Black Lives Matter mural painted on a street in Santa Cruz, investigators said Saturday night. Vehicle tread marks had defaced the street mural in the seaside town in an incident Friday night. Brandon Bochat, 20, a Santa Cruz resident; and Hagan Warner, 19, a Boulder Creek resident, were arrested in connection with the defacing of the street mural, police said. The mural is located at 800 Center St. in Santa Cruz, police said. “Responding officers located the damaged mural, which consisted of vehicle tread marks across the painting,” according to a police statement. Detectives were able to obtain a video of the incident with help from the community. “A vehicle is seen intention...