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NBCU Preparing ‘Mobile-First' News Service for Q4 Launch

NBCU Preparing ‘Mobile-First' News Service for Q4 Launch

Yahoo27-02-2025

NBCUniversal is working on what its top news executive called a 'mobile-first' news outlet that it expects to launch in the fourth quarter of this year.
Speaking at an event organized by Semafor, Cesar Conde, chairman of NBCUniversal's news operations, said the service might serve up short-form and long-form video from NBC News anchors and correspondents. Its debut would mark the latest in a series of products the organization has created since Conde took his current role in 2020, and is likely aimed at a new generation of viewers who get more information from video services such as TikTok or YouTube.
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Executives see the new service as a 'premium' offering, according to a person familiar with the matter. It will offer nearly two dozen live streams in English and Spanish, including programming tied to lifestyle topics, true crime and international. It will feature original video content from NBC News talent around the world, as well as on-demand access to top programs such as 'Today' and 'Meet the Press' as well as access to a library of NBC News podcasts.
The new service would add to a recent series of subscription products from NBCU news properties. In recent weeks, CNBC launched a subscription-based streaming outlet that delivers its various feeds from broadcasts around the world. And 'Today' debuted an app that offers content tied to fitness and nutrition. Conde said he has encouraged employees to think about audio, commerce and broadband
The service is being readied as a younger generation gets more information from digital sources. About 52% of of TikTok users — a figure that is equivalent to 17% of all U.S. adults — say they regularly get news on the platform, according to Pew Research Center. What is more, about one in five Americans, and 37% of adults under 30, indicated they regularly get news from influencers on social media, according to a 2024 Pew survey. These influencers are most likely to be found on X, but also on Instagram or YouTube.
NBC News has launched an array of different offerings in recent years, many of them tied to new behaviors from younger audiences. There is a streaming outlet devoted entire to the morning-mainstay 'Today' program, and a live-streaming service called 'NBC News Now.'
Still, the field is getting crowded. CBS News, ABC News and Fox News all offer news via streaming properties, and continue to invest in talent and programming. CNN, meanwhile, is expected to launch a series of digital products in weeks to come in a bid to make the Warner Bros. Discovery outlet more relevant to broadband users and global followers.
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‘This Should Be Illegal': Customer Gets Approved for 2024 Jeep Wrangler. Then An Expert Exposes the Reality of Financing
‘This Should Be Illegal': Customer Gets Approved for 2024 Jeep Wrangler. Then An Expert Exposes the Reality of Financing

Motor 1

time2 hours ago

  • Motor 1

‘This Should Be Illegal': Customer Gets Approved for 2024 Jeep Wrangler. Then An Expert Exposes the Reality of Financing

Some people buy a house. Others, apparently, buy a Jeep Wrangler with a seven-year loan and enough interest to make an accountant run screaming for the hills. A TikTok clip from the descriptively named creator I'm Just A Finance Guy (@imtheautofinanceguy) shows how outrageous financing deals can get these days, especially for those with bad credit scores. The video, which has been watched more than 290,000 times, zooms-in on the paperwork of a Truth in Lending Disclosure for a 2024 Jeep Wrangler that might just be the most expensive base model in recent memory. The financing terms feel more like a cautionary tale than a dealership win: Loan amount: $74,599 Finance charge (interest): $56,931.56 APR: 17.69 percent Term: 84 months (that's 7 years) Monthly payment: $1,565.84 Odometer reading: 860 miles The paperwork shows a total repayment of $131,530.56, or the cost of a house in small-town Ohio, all for a Jeep with less than 1,000 miles on the odometer. If that's not gruesome enough, let's break it down further: $1,565.84/month × 84 months = $131,530.56. That's over $56,000 in interest paid over the life of the loan. At 17.69% APR, the buyer ends up shelling out nearly double the Jeep's sticker price by the time it's paid off. You could make the same payments on a 15-year mortgage in parts of the country. According to Zillow, the median home price in Toledo, Ohio is just under $130,000 . More Jeep Stories From Motor1 The Jeep Cherokee Is Back The Best Performance Cars of 2025 (So Far) The New Gas Jeep Compass Is Strictly Front-Wheel Drive The Recon Will Be Jeep's 'New Defender,' Says Exec Every Three-Row SUV You Can Buy in 2025 Here's Your First Look at the 2026 Jeep Grand Cherokee The Jeep Wrangler Willys 41 Edition Rules. But There's One Big Catch 2026 Jeep Compass Unveiled: Hybrid or EV With Up to 375 HP While it's tempting to treat this loan as an outlier, it's more of a warning sign. In 2025, the average APR for a new car loan in the U.S. sits between 7 and 9 percent, depending on the borrower's credit score. A 17.69-percent rate suggests a borrower in a deep subprime category or someone who secured financing through a 'Buy Here, Pay Here' dealer known for predatory terms. And then there's the matter of the loan amount itself. A base model 2024 Jeep Wrangler typically starts around $35,000. Higher trims like the Rubicon can edge toward the $55,000 range with options. So, How Do We Get to Nearly $75,000? There are a few possibilities. The dealer may have loaded the vehicle with costly add-ons like extended warranties, off-road packages, or appearance upgrades that look good on paper and pad profit margins. It's also possible the buyer traded in a previous vehicle with negative equity, rolling the unpaid balance into the new loan. And in many cases, high-interest loans like this are pitched to buyers who are told it's their 'only option,' a favorite tactic of high-risk financing outfits. Whatever the case, it's a tough look. Seven years is a long time to pay off a car, especially one that may see some serious depreciation before it's halfway through the loan term. The Rise in Long-Term, High-Interest Auto Loans Is Becoming a Serious Financial Concern According to the CFPB, Americans now carry over $1.6 trillion in auto loan debt, and loan terms of 72 to 84 months are increasingly common, even though they often leave buyers "underwater" on their loans for most of the repayment period. Financial advisors generally recommend: Keeping loan terms under 60 months, avoiding APRs over 6–7 percent unless necessary, and never financing add-ons or extended warranties unless you've calculated the long-term cost. There's no indication on the term sheet of who the dealer or financier was for the proposed loan, but commenters on the clip were ready to grab their pitchforks and torches in outrage. 'This should be illegal. Someone tag the repo man!' one of them wrote. Another offered that the proposed deal is another example of buyers being preyed upon: 'In case anyone wondered why we need a consumer protection agency. These loans should be criminal.' And another wasn't feeling great about the idea of making a mortgage payment for a depreciating asset on wheels, writing, 'I'm not paying $131k for anything except a house and I'd do that extremely reluctantly.' Motor1 reached out to the creator via direct message and to Jeep/Stellantis via email. If we hear back, we'll be sure to update this article. Now Trending 'Missed My Bonus By One': Dodge Salesman Says May Was Terrible For Sales. Here's Why Kia Mechanic Says Even a 5-Year-Old Can Fix This Common Issue Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )

China's grueling ‘996' work culture is being debated by European startups — 7 founders and VCs on why they are resisting
China's grueling ‘996' work culture is being debated by European startups — 7 founders and VCs on why they are resisting

CNBC

time2 hours ago

  • CNBC

China's grueling ‘996' work culture is being debated by European startups — 7 founders and VCs on why they are resisting

The European startup scene was recently shaken by a LinkedIn debate with some venture capitalists applying pressure on founders to embrace a culture of overwork to compete on a global stage. The "996" work culture reigns supreme in China and has been adopted by various tech giants including Jack Ma's Alibaba and Bytedance's TikTok, but the system has also been the subject of much protest in recent years. Tech workers in Europe told CNBC in 2021 that they're turning down job offers, rejecting interviews, or even quitting their roles, upon learning of TikTok's 996 work culture. Sebastian Becker, general partner at Switzerland-based VC company Redalpine added to the debate on LinkedIn by addressing the new German Chancellor Friedrich Merz, who has called for removal of the legal work limit of eight hours per day in Germany in a bid to increase efficiency, while keeping the 40-hour week. Becker said Merz' proposal doesn't go far enough, as "40 hours a week won't cut it." "In Silicon Valley, 60-70 hour weeks aren't the exception — they even have a term for it: 996 — 9am to 9pm, six days a week... we can have the same amount of smart, ambitious people, but if we're consistently being outworked, we won't win," Becker said. Index Ventures Partner Martin Mignot in London explained on LinkedIn that 996 originated in China and has "quietly become the norm" at startups internationally. Part of the reason behind this most recent push is that there's a persistent view that Europe's tech and startup scene is lagging behind the U.S. and China, both of which have produced tech giants and are known for intense work cultures. However, Suranga Chandratillake, general partner at Balderton Capital, told CNBC Make It that these views are outdated as Europe has produced deca-corns in recent years— companies worth more than $10 billion including Klarna, Revolut, Wise, and The continent has yet to produce a trillion-dollar tech firm like Nvidia. "The European tech market and ecosystem is keeping up today with the U.S. and Asia... back in the 1980s the European tech scene was behind the tech scene on the West Coast of the US, but that's not the case now," Chandratillake said in an interview. The calls for Europe to adopt the 996 work culture sparked a wave of backlash. CNBC spoke with seven European startup founders and VCs on why they disagree. The obsession with China's 996 or Silicon Valley's 24/7 work culture emerges from a glorification of hustle culture in the startup landscape, founders and VCs said. "It's about a fetishization of overwork rather than smart work…it's a myth," Chandratillake said. "California is very good at telling stories and there's a lot of mythmaking around the concept of what startups look like…. there is hard work involved but if you really spend time in that ecosystem, you will discover that lots of people work really hard, but there are also periods where they don't work." Nina Mohanty, a Silicon Valley native and founder of London-based Bloom Money, said there are actually "lasting effects and unintended consequences" to adopting an aggressive overwork culture, "You only have to think about Revolut and the culture that they have is probably the closest that we've seen in Europe to the 996 culture, and they struggled," Mohanty told CNBC. "Their churn rate was incredibly high within their team, and they even struggled to get their banking license, and their culture was actually cited as one of those reasons." For its part, Revolut told CNBC it operates in a "high-growth, high-performance environment." "In line with this, we've evolved how we support our people: through value-based behaviours, structured development, and a culture that's collaborative, challenging, and built for scale," a spokesperson from Revolut said. Noa Khamallah, general partner at Don't Quit Ventures, pointed out that there's "no need for 996" and that these values are often at odds with both the European mindset and regulation. "Europe's most successful companies — from Spotify to SAP to ASML — didn't achieve dominance through overwork but through sustainable innovation cultures," Khamallah said. He offered the examples of Silicon Valley's Uber and Meta, both companies that expanded into Europe and faced massive regulatory pushback. "These examples reveal how Silicon Valley's 'move fast and break things' ethos often breaks against European values around worker rights, privacy, and sustainable business practices," Khamallah said. An always-on culture decreases retention and creates a revolving door of talent, Sarah Wernér, co-founder of Husmus, told CNBC. "Overwork today is a productivity crisis tomorrow," Wernér said. "Personally, I hope my competitors are doing 996. It makes poaching great people a lot easier when they decide they've had enough." Dama Sathianathan, a senior partner at Bethnal Green Ventures said it's unhelpful to "prescribe" working hours, especially if it means putting workers' wellbeing at risk. "Optimizing labor doesn't always lead to better productivity, or help with differentiating from other companies long-term, if you've made work devoid of meaning," Sathianathan explained. Meanwhile, the youngest generation at work are less likely to put up with overworking and tend to prioritize work-life balance. Jas Schembri-Stothart, founder of Luna, a health and wellness app for teen girls, said 996 will drive young talent away from European startups. "People may tolerate overwork for a while, but eventually it leads to churn and even resentment, especially with Gen Z and younger millennials, there's much less tolerance for toxic hustle cultures," Schembri-Stothart said. Founders insist that instead of increasing working hours, startups need more funding and resources to position themselves as key players in the global startup scene. "What Europe really needs isn't more hustle-porn it's more aggressive funding," Wernér said. "With the right level of capital, our startups can hire enough talent to work intensely without breaking themselves. If a team of 10 is burning out to keep up with a 50-person U.S. VC or Chinese government-backed startup, the problem isn't their stamina, it's their cap table." In fact, since 2015 Europe's tech startups have missed out on nearly $375 billion in growth-stage funding, with founders losing out on a potential $300 billion in European investments, according to Atomico's State of European Tech report published in 2024. Additionally, one in two companies raising funding turn to the U.S. for capital rather than Europe. "What European startups really need is access to the right resources — funding, talent, and support — to grow, innovate quickly, and scale effectively," Schembri-Stothart said. "The venture landscape in the U.S. is a different ballgame altogether, and it's tough to compete with that without a stronger ecosystem here. Founders acknowledged that the startup life requires intense hustle and grind, but it's a more nuanced picture than just adopting 996. Timothy Armoo, co-founder and former CEO of Fanbytes, an influencer marketing firm that he sold for eight figures in 2022, told CNBC that he's a "huge supporter" of this new 996 push, but admitted that timing is key. "I think there are seasons but I also think that if you are a first-time founder or if your primary goal is basically wealth creation, I'll be very candid, if this is your season, and you're stepping back, then you're not serious about it," he said. Armoo said there are no excuses because AI allows entrepreneurs to be maximally efficient as it can reduce certain time-consuming manual tasks. Meanwhile, Bloom Money's Mohanty, said that when she's not sleeping, she's working. "I think early stage teams tend to almost unknowingly or without actually saying it, work the 996 life, because when you are early stage, you just have to hustle harder with less, and especially if you're the founder, you're always on and always working, and it can be very, very difficult to turn off." Schembri-Stothart draws the line at exploiting her team to produce more work. "It's my choice to work at the weekend, but I'd never expect that on my team, it's definitely not glorified to push your teams to breaking point. Silicon Valley tech exec Dion McKenzie warned that expectations of a 996 culture could make VC funding even more out of reach for early-stage startups. "My fear is that as these new norms and trends become the status quo and benchmarks for getting funded, it excludes so many brilliant founders that value their mental health and/or can't commit to a 996 due to caregiving responsibilities or being a parent," Mckenzie said.

Top TikToker Khaby Lame detained by US immigration
Top TikToker Khaby Lame detained by US immigration

Yahoo

time4 hours ago

  • Yahoo

Top TikToker Khaby Lame detained by US immigration

US immigration agents detained and later allowed the "voluntary departure" of the world's most-followed TikToker, Khaby Lame, after he "overstayed" his visa, authorities said Saturday. "US Immigration and Customs Enforcement detained Seringe Khabane Lame, 25, a citizen of Italy, June 6, at the Harry Reid International Airport, Las Vegas, Nevada for immigration violations," the agency said in a statement to AFP. Lame entered the United States on April 30 and "overstayed the terms of his visa," the statement said of the Friday detention, adding that he was released the same day. The Italian national, who is a UNICEF goodwill ambassador and has a following of more than 162 million on TikTok, "has since departed the US." Lame had not immediately posted publicly about the incident as of Saturday afternoon. Since taking power in January, US President Donald Trump has delivered on campaign promises to tighten immigration controls and carry out a mass deportation drive -- aspects of which have been challenged in US courts. Lame holds top spot on the wildly popular TikTok social media app, with 162.2 million followers and has risen to fame for his short silent videos mocking the convoluted tutorials and tips that abound on the internet. He punctuates his videos with a trademark gesture -- palms turned towards the sky, accompanied by a knowing smile and wide eyes -- as he offers his own simple remedies. The idea for his content came to him while wandering around the housing project where his family lived in Chivasso, near Turin, after losing his factory mechanic's job in March 2020. His posts took off -- helping him gross an estimated $16.5 million through marketing deals with companies in the period between June 2022 and September 2023, according to Forbes. aha/acb

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