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Rob Holmes is a private investigator. He works with major luxury-watch brands to track down fakes and stop them from getting to market.<br/><br/>Holmes speaks with Business Insider about how counterfeits are made in factories overseas. He gives details about how fake luxury goods are trafficked into the United States and distributed to consumers, tells us how the counterfeit industry has evolved with the rise of a new generation of \
⏲ 22:55 👁 3M
Going to the pub is increasingly becoming a luxury with serval factors contributing to the high cost of a beverage.
⏲ 1:5 👁 485K
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 👁 285K
The Consumer Financial Protection Bureau introduced a new rule that would cap credit card late fees at $8, down from the typical $32 currently charged by most banks. This is estimated to save Americans $10 billion annually in late fees. The credit card industry, led by the US Chamber of Commerce, sued the CFPB in federal court to block this new rule from taking effect. A judge in Texas is expected to decide whether to grant an injunction requested by the industry that would freeze the new rule until the legal issues are resolved. Analysts expect the industry lawsuit will likely be successful, as Texas courts are viewed as favorable to corporations.
⏲ 0:47 👁 250K
The Senate passed a 105 billion dollar bill to improve air travel safety and customer service before the law governing the FAA expired. The bipartisan bill aims to increase air traffic controllers, improve safety standards, and make it easier for customers to get refunds for delayed and canceled flights. The bill addresses FAA oversight, requires new safety technology to prevent collisions, mandates cockpit voice recorders, and improves accessibility. It also requires airlines to pay refunds for long delays, prohibits fees for families sitting together, and increases fines for consumer law violations. The House will consider the bill next week.
⏲ 0:47 👁 240K
Panera Bread has announced that it will discontinue its Charged Sips drinks, which have been linked to at least two wrongful death lawsuits due to their high caffeine content. The fruit-flavored beverages, introduced in the spring of 2022, contained between 155 and 302 milligrams of caffeine. Panera did not specify whether the decision to discontinue the drinks was due to lawsuits or health concerns. The company plans to introduce new low-sugar and low-caffeine drinks based on customer feedback.
⏲ 0:43 👁 655K
According to Forbes, the fast-growing ‘NoLo’ movement (no and low alcohol) is driving the demand for alternatives to alcoholic beverages. Lucky we’re here with a much-loved spring mocktail for the millennials and Gen-Z’s that are generally drinking less. Data-approved!Buzz60’s Chloe Hurst has the story!
⏲ 0:55 👁 385K
For decades, it’s been a riddle in banking: how do you build a sustainable and profitable business serving low and middle-income consumers? Sixteen years ago, Chris Britt, then chief product officer at Green Dot, believed he’d discovered the answer—direct deposit of paychecks. <br/><br/>Green Dot was selling prepaid debit cards to cash-strapped Americans without traditional bank accounts, and Britt saw that customers who had their paychecks automatically deposited into their Green Dot accounts used the card to pay virtually all their expenses. With each debit card swipe, Green Dot pocketed part of the interchange fees–the 1% to 2% charge merchants pay to accept debit and credit cards.<br/><br/>“The people on direct deposit were clearly the whales of the business,” says Britt, 51, the cofounder and CEO of Chime, the nation’s largest digital-only bank with $1.5 billion in annualized revenue and seven million customers using its cards for $8 billion a month in transactions.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jeffkauflin/2024/05/03/exclusive-the-inside-story-of-chime-americas-biggest-digital-bank/?sh=4f40891cfb0d<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.
⏲ 5:16 👁 19.7M
The Joe Rogan Experience Video - Episode latest update<br/>Gad Saad is Professor of Marketing at Concordia University, and an expert in the application of evolutionary psychology in marketing and consumer behavior. He is the host of \
⏲ 3:29:56 👁 190K
U.S. prosecutors are investigating whether Tesla committed securities or wire fraud by misleading investors and consumers about the self-driving capabilities of its electric vehicles. The Justice Department is examining statements made by Tesla and its CEO, Elon Musk, suggesting that their cars can drive themselves, despite the Autopilot and Full Self-Driving systems being assistive technologies rather than fully autonomous. The investigation comes amid separate probes by U.S. regulators into hundreds of crashes involving Teslas with Autopilot engaged, which resulted in a mass recall by the automaker.
⏲ 0:46 👁 425K
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
⏲ 0:43 👁 6.3M
Nothing stands still for long in the highly competitive crossover segment that Nissan pioneered with the original Qashqai. And to maintain its place as the reference in its segment, it has received a comprehensive aesthetic refresh, as well as significant technology updates.<br/><br/>From the bold changes to the exterior styling, to the comprehensive updates to the infotainment and connected services on-board, the philosophy behind the changes to Qashqai is to keep the essence of what consumers love about the car, enhance its strengths and to add even more intuitive and convenient technology.<br/><br/>The new Qashqai exudes a sharp and modern dynamism thanks to its refreshed design.<br/><br/>The front grille of the Qashqai has been comprehensively updated to create a more striking first impression. Inspired by the patterns of ancient Japanese armour scales, it now consists of dozens of high gloss, three dimensional comma-shaped elements painted in high gloss black paint which appear to float in the space between the lip of the bonnet and the numberplate holder. To the sides of the central portion, the \
⏲ 2:31 👁 95K
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