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The Consumer Financial Protection Bureau and the Department of Transportation held a joint hearing to discuss whether new regulations are needed for credit card reward programs and airline loyalty programs. Officials argue that for many consumers, the high fees and interest charged on travel rewards credit cards outweigh the value of the rewards and perks earned. Airline-branded credit cards can be much costlier than average cards, with annual fees as high as $650 and interest rates averaging more than 25% compared to no annual fees and about 24% for most cards. Loyalty programs are major revenue generators for airlines, with Delta earning $6.5 billion and Americans expecting 80% of revenue from loyalty members.
⏲ 0:53 👁 590K
When a woman who once bore the title “Financial Applications Product Owner II” at an insurance company, starts a TikTok with “this is the sketchiest thing I’m doing to make extra money,” you might think she’s playing it up for drama. But Amber Smith, a 27-year-old from Des Moines, Iowa with an MBA, is dead serious. She’s swapped insurance for the influencer business (focusing her content on reselling clothes), and she’s been picking up $40 here and there with a scheme that sounds pretty shady.<br/><br/>“I’ve started selling tradelines on my credit cards,” Smith says in the video that has since garnered millions of views across the social mediasphere. “Essentially what this is, is if a person has bad credit, but they know that they need to get a mortgage or a car loan or something, they pay money to this website,” she says, referring to Tradeline Supply Company, a San Diego based broker. “This website matches them up with me based on what they’re looking for and I add them as an authorized user to my credit card.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/05/07/this-company-wants-you-to-rent-your-credit-history/?sh=58ff759f20e5<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 5:15 👁 2M
Groq builds an AI accelerator application-specific integrated circuit (ASIC) that they call the Language Processing Unit (LPU) and related hardware to accelerate the inference performance of AI workloads.<br/><br/>At Imagination In Action’s ‘Forging the Future of Business with AI’ Summit, Groq’s Chief Technology Advisor Dinesh Maheshwari talks about how this technology works and why it’s important for the future of AI.<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 22:5 👁 14.9M
Shane Schaffer, Chairman & CEO, and Peter J. Werth, Board Member of Cingulate, were recently guests on Benzinga's All Access.<br/><br/>Cingulate is a biotechnology company that is developing drugs for a range of underserved conditions. The company has developed a proprietary technology called Precision Timed Release™ (PTR™). The technology allows a single pill to contain multiple doses of a drug, allowing for relief of the pill burden many people with chronic conditions suffer.<br/><br/>The company is preparing an application for new drug approval for its lead candidate, CTx-1301.
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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why a judge blocked the capping of credit card late fees at $8.
⏲ 1:42 👁 1.6M
A family say a disgraced 'no win no fee' law firm is ‘liable’ for a spritely grandad’s death - after he was left footing a £12,000 court bill when it collapsed.<br/>Ian Lofthouse, 74, was one of roughly 1,800 victims saddled with huge unexpected court costs after SSB Law went bust owing £48m worth of debt in January this year.<br/>MPs are set to meet his devastated relatives - along with seven other ex-clients - in parliament on Tuesday (14) to discuss their experiences with the 'cowboy' company. <br/>
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Since their launch, Mercedes‑Benz has continuously developed the EQS and its siblings. Independent of model updates and faster than ever before, innovations have been incorporated into the series for the EQS, EQE, EQS SUV and EQE SUV. The company has responded to market and customer feedback more quickly than ever before with numerous product upgrades. For the current change year 2024, the EQS is now receiving an extremely extensive update package. The electric flagship comes with up to 82 kilometres more range, a new radiator cover with chrome applications and an upright Mercedes star on the front hood as well as even more comfort in the rear.<br/>The EQS was already one of the electric cars with the longest range. In the future, customers will be able to cover even more kilometres without stopping to charge. Thanks to an increased battery capacity from 108.4 to 118 kWh, the maximum range of the EQS 450 4MATIC, for example, increases from 717 to 799 kilometres. This means an increase in range of more than 11 percent. With a range of 683‑822 kilometres, the EQS 450+even exceeds the 800-kilometre mark.
⏲ 2:39 👁 35K
Welcome to our channel dedicated to all things animation, multimedia, and cartoons! Dive into a world of colourful characters, exciting story lines, and captivating visuals. From classic cartoons to cutting-edge animation techniques, we explore it all. Subscribe to join our community of animation enthusiasts!
⏲ 15:10 👁 25K
Very few associations can exhilarate and delight like the union between a naturally-aspirated V12 Ferrari engine and open-top motoring: the Ferrari 12Cilindri Spider, unveiled today at an exclusive event hosted at Miami Beach, fuses these two very special sensations in a two-seater berlinetta spider powered by Ferrari’s iconic twelve-cylinder engine. This iteration of the V12 delivers 830 cv and keeps revving right up to 9500 rpm, offering the driver and passenger an even more exclusive open-air driving experience. <br/><br/>The concept giving shape to the Ferrari 12Cilindri Spider draws inspiration from open-topped Ferrari Gran Turismo models of the 1950s and ‘60s, which combined the unmatched performance of a road-going racing car with the unique opportunity to revel in the sound of the 12-cylinder engine with the roof down, and extraordinary long-distance driving comfort. The design of the car makes a break from the recent canons of the Ferrari two-seater berlinetta spider genre, eschewing muscularity and sensuality in favour of a more futuristic language founded on formal purity with only the barest hint of a typically automotive visual lexicon. <br/><br/>The Ferrari 12Cilindri Spider is intended for both connoisseurs of the marque with a clear vision of what Ferrari has stood for in the motoring world since 1947, and newer Ferraristi who dream of a car that lets them combine unmatched driving thrills with comfort and Italian design – and the possibility of enjoying the wind in their hair. This truly is a car for the few. <br/><br/>The F140HD engine equipping the Ferrari 12Cilindri Spider is the new version of the iconic naturally-aspirated Ferrari V12, the purest expression of Ferrari’s soul: its peerless performance, powerful soundtrack and exclusivity make it the worthy heir to the legendary berlinetta sports cars that wrote some of the most glittering chapters in the marque’s history. The engine can unleash up to 830 cv while its max revs have been increased to 9500 rpm thanks to the adoption of innovative solutions. <br/><br/>The engine features modified components and software, some of which were already adopted on the open-top special series 812 Competizione A, ensuring it tops its category in terms of performance. To allow the V12 to rev so high, the engineers worked to reduce the weight and inertia of the engine’s components, adopting titanium con rods, which guarantee a saving of 40% in rotating mass compared to steel with the same mechanical resistance. A different aluminium alloy was used for the pistons, making them lighter than on previous applications. Further weight reduction was gained by the adoption of a rebalanced crankshaft which is 3% lighter.
⏲ 3:2 👁 455K
OpenAI's exploration of allowing the creation of AI-generated explicit content has ignited a contentious debate around ethical considerations, responsible use, and potential societal harms. The company's proposal has sparked concerns about its mission to develop safe and beneficial AI, prompting discussions about the regulation and responsible application of such technologies, particularly in the context of adult content generation and potential misuse. The ongoing dialogue underscores the need for clear ethical guidelines and robust safeguards to mitigate the potential risks associated with the creation and dissemination of AI-generated explicit content.<br/>
⏲ 1:11 👁 30K
Water crystallization refers to the process by which water molecules arrange themselves into a crystalline structure, forming ice. Under specific conditions of temperature and pressure, water molecules slow down and bond together in a regular pattern, resulting in the formation of ice crystals. This process is fundamental to the freezing of water and plays a crucial role in various natural phenomena, such as the formation of snowflakes and the freezing of lakes and rivers during winter. Additionally, water crystallization is of interest in scientific research and various industrial applications, including the production of high-quality ice and the study of materials science.
⏲ 0:40 👁 25K
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