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Connor Hughes

1389 Posts
Consumers Hate ‘Price Discrimination,’ but They Sure Love a Discount

Consumers Hate ‘Price Discrimination,’ but They Sure Love a Discount

Zohar Gilad runs Fast Simon, a company that helps retailers optimize their websites. Instead of offering different prices, they might display higher-end items for customers with a free-spending buying history, and clearance items for bargain hunters. Targeted coupons for hesitant browsers also create a personalized price by another name, creating a sale that might not have happened.“Say if you search for something and you didn’t buy it, you may get an email saying: ‘Hey, you have great taste. We saw you looking for black boots. Here’s a 20 percent coupon,’” Mr. Gilad said. “I think that personalization, done correctly, can…
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Real estate project on the beaches of Panama for investors of Slovakia

Real estate project on the beaches of Panama for investors of Slovakia

Located in Panama, Playa Caracol Residences is a real estate project that goes beyond expectations, offering investors from Slovakia a unique beachfront experience. With extensive and captivating views of the majestic Cerro Chame and more than a kilometer of uninterrupted beach, this project presents itself as a true paradise where every detail creates an environment of incomparable beauty and serenity on the beaches of Panama. Playa Caracol: a luxurious real estate development in Panama's stunning Chame region The architectural design of Playa Caracol stands out for its originality, modernity and harmonious integration of local elements. Each property is a masterpiece…
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Ford Slows Its Push Into Electric Vehicles

Ford Slows Its Push Into Electric Vehicles

Ford Motor on Thursday delayed the production of at least two new electric cars and said it would pivot to making more hybrids. Its decision was the latest sign that large automakers have been forced to rethink their strategy for electric vehicles because sales for those models are slowing.The shift by Ford and automakers like General Motors and Mercedes-Benz, which have also pushed back their electric car plans, has been prompted largely by the companies’ difficulties in making and selling enough electric cars and doing so profitably.Sales of such vehicles are still growing, but the pace has slowed sharply in…
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A Looming Question for Paramount’s Board: How to Navigate Shari Redstone

A Looming Question for Paramount’s Board: How to Navigate Shari Redstone

Shari Redstone won control over her media empire in 2018 after a hard-fought struggle with CBS. In the years since, she held off on selling the family business, merging Viacom and CBS to put iconic franchises like “60 Minutes” and “Top Gun” under one roof.Now, Ms. Redstone has decided to sell her controlling stake in Paramount, a decision that could put her in conflict with some of the company’s shareholders.The question that Paramount’s board has to answer — and may eventually have to defend in a courtroom: Is the deal under consideration good for all shareholders, or just Ms. Redstone?“Are…
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George Carlin’s Estate Reaches Settlement After A.I. Podcast

George Carlin’s Estate Reaches Settlement After A.I. Podcast

The estate of the comedian George Carlin reached a settlement on Monday with the makers of a podcast who had said they had used artificial intelligence to impersonate Mr. Carlin for a comedy special.As part of the agreement, the two podcast creators, Will Sasso and Chad Kultgen, agreed to permanently remove the comedy special and to never repost it on any platform, according to Josh Schiller, a lawyer for Mr. Carlin’s estate. They also agreed not to use Mr. Carlin’s image, voice or likeness on any platform without approval from the estate, according to court records.Mr. Schiller declined to elaborate…
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Poor Nations Are Writing a New Handbook for Getting Rich

Poor Nations Are Writing a New Handbook for Getting Rich

For more than half a century, the handbook for how developing countries can grow rich hasn’t changed much: Move subsistence farmers into manufacturing jobs, and then sell what they produce to the rest of the world.The recipe — customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China — has produced the most potent engine the world has ever known for generating economic growth. It has helped lift hundreds of millions of people out of poverty, create jobs and raise standards of living.The Asian Tigers and China succeeded by combining vast pools of cheap labor with access…
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How One Tech Skeptic Decided AI Might Benefit the Middle Class

How One Tech Skeptic Decided AI Might Benefit the Middle Class

David Autor seems an unlikely A.I. optimist. The labor economist at the Massachusetts Institute of Technology is best known for his in-depth studies showing how much technology and trade have eroded the incomes of millions of American workers over the years.But Mr. Autor is now making the case that the new wave of technology — generative artificial intelligence, which can produce hyper-realistic images and video and convincingly imitate humans’ voices and writing — could reverse that trend.“A.I., if used well, can assist with restoring the middle-skill, middle-class heart of the U.S. labor market that has been hollowed out by automation…
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Sports Illustrated’s Owner Sues Energy Drink Mogul After Chaos at Magazine

Sports Illustrated’s Owner Sues Energy Drink Mogul After Chaos at Magazine

Sports Illustrated’s owner on Monday sued Manoj Bhargava, the energy drinks mogul whose foray into media has been rife with chaos and conflict, accusing him of failing to pay millions of dollars for the rights to publish the iconic magazine.The 51-page lawsuit, filed in U.S. District Court for the Southern District of New York, says that Mr. Bhargava and Arena Group, the publisher he controls, owe $48.75 million in missed payments, as well as damages for infringing on Sports Illustrated’s copyrights and trademarks.The lawsuit represents the latest public skirmish between Authentic Brands Group, which owns Sports Illustrated, and Mr. Bhargava,…
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AT&T Passcodes for Millions Are Reset After Leak of Customer Records

AT&T Passcodes for Millions Are Reset After Leak of Customer Records

The telecommunications giant AT&T announced on Saturday that it had reset the passcodes of 7.6 million customers after it determined that compromised customer data was “released on the dark web.”“Our internal teams are working with external cybersecurity experts to analyze the situation,” AT&T said. “To the best of our knowledge, the compromised data appears to be from 2019 or earlier and does not contain personal financial information or call history.”The company said that “information varied by customer and account,” but that it may have included a person’s full name, email address, mailing address, phone number, Social Security number, date of…
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Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates

Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates

Jerome H. Powell, the chair of the Federal Reserve, said on Friday that resilient economic growth is giving the central bank the flexibility to be patient before cutting interest rates.Fed officials raised interest rates sharply from early 2022 to mid-2023, and they have left them at about 5.3 percent since last July. That relatively high level essentially taps the brakes on the economy, in part by making it expensive to borrow to buy a house or start a business. The goal is to keep rates high enough, for long enough, to wrestle inflation back under control.But price increases have cooled…
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