21.4 C
New York
Friday, August 8, 2025
Home Blog Page 617

Amex Platinum refresh adds new lounges, dining perks to appeal to Gen Z cardmembers

0


American Express (AXP) is planning to refresh its and later this year in a move meant to make the more appealing to the company’s fast-growing cohort of Gen Z consumers, Howard Grosfield, Group President, U.S. Consumer Services at American Express, told Yahoo Finance.


He declined to give full details of the refresh but said it was aimed at building loyalty to the cards by adding benefits highly valued by cardmembers.

“You’re going to see us double down on all the wonderful benefits that our card members love on travel, business, and dining,” Grosfield said, adding that the number of Gen Z cardholders grew 40% year over year in the first quarter of 2025.

HIghlights of the refresh include:

  • New premium airport lounges: American Express plans to open three new Centurion Lounges in Newark, Salt Lake City, and Tokyo in the coming year, bringing the total number of global Centurion Lounges to 32.

  • Expanded dining benefits: Amex’s 2024 acquisition of reservation platform Tock will add 7,000 new dining experiences to its existing 20,000+ Resy offerings, including a sizable portfolio of wineries. The expansion will give cardholders priority access to more tables in partner establishments.

The company confirmed that a refresh is planned for the but didn’t share details, except to say benefits would remain focused on helping businesses grow.

Gen Z cardholders aren’t balking at the hefty $695 annual fee, American Express has found. Gen Z developed a subscription-based mindset over years of paying fees for music and entertainment platforms, American Express CFO Christophe Le Caillec said at the June 2025 Morgan Stanley U.S. Financials Conference. He believes younger cardmembers due to the experience they get from being Amex customers.

While the future Platinum update is intended to appeal to Gen Z — the oldest of whom are in their late 20s — Grosfield believes there’s a built-in progression through Amex’s product portfolio as Gen Z ages. Grosfield pointed to Amex’s 98% retention rate, adding, “We acquire them once, and we get 20 more years of lifetime to deal with them.”

The company hopes that claiming a share of Gen Z’s wallet early in their adult lives will make these young cardholders more likely to turn to Amex products as their financial needs evolve: “We have various suites of products that we can offer them, including personal loans, pay over time, and installment-like lending … as they expand their income and become more successful … we get to grow with them. That’s a significant increase in the tremendous amount of lifetime value that they can deliver to us.”

  • Rewards rate

    • 5x points for flights booked directly with airlines or with American Express Travel® (up to $500,000 per calendar year)
    • 5x points on prepaid hotels booked with American Express Travel
    • 1x points on all other purchases
  • Benefits

    • Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings with American Express Travel (requires a minimum two-night stay)
    • Get up to $199 back per calendar year on your CLEAR Plus membership (subject to auto-renewal) when you use your card (CLEARLanes are available at 100+ airports, stadiums, and entertainment venues)
    • Enjoy up to $200 in Uber savings annually on rides in the U.S. —  that’s $15 in Uber Cash for rides each month, plus a bonus $20 in December (you must have the latest version of the Uber App downloaded and your eligible American Express Platinum Card must be a method of payment in your Uber account; Amex benefit may only be used in United States)

While the has a high annual fee, its many perks and benefits can far offset the yearly cost. We especially like how many of the benefits apply to everyday living, such as using the digital entertainment credit to help cover the costs of your streaming services. However, it’s not always easy to use every available benefit, which could cut into the value you get from this card.


  • Annual fee

    $695

  • Welcome offer

    Earn 150,000 Membership Rewards® Points after spending $20,000 in the first 3 months — plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel® in the first 3 months

  • Rewards rate

    • 5x Membership Rewards points on flights, prepaid hotels, short-term rentals, and prepaid flight + hotel packages on AmexTravel.com
    • 1.5x points on eligible purchases at U.S. construction material and hardware suppliers; electronic goods retailers; software and cloud system providers; shipping providers; and on purchases of $5,000 or more everywhere else (on up to $2 million of these purchases per calendar year)
    • 1x points for each dollar you spend on eligible purchases
  • Benefits

    • Get up to $200 in statement credits per calendar year for incidental fees charged by one qualifying airline to your card
    • Complimentary access to The American Express Global Lounge Collection, which includes more than 1,400 airport lounges in 140 countries
    • Earn over $1,000 in annual statement credits on select business purchases, including tech, recruiting, and wireless in the first year of membership. Enrollment required.

The shares some of the personal version’s best features, such as extensive airport lounge access, while providing additional benefits for business owners. The annual fee is high, but you can get more than enough value from the card’s credits and benefits to offset the cost.


Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn’t include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.

Spotify’s Daniel Ek just bet bigger on Helsing, Europe’s defense tech darling

0


When Daniel Ek isn’t busy running Spotify or building his new AI-driven health tech enterprise, he’s making massive bets on the future of European warfare, seemingly.

The billionaire, who primarily lives in Stockholm, just led a €600 million investment in Helsing, a four-year-old, Munich-based defense tech company that is now valued at €12 billion, according to the Financial Times. The deal makes it one of Europe’s most valuable privately held companies; it also highlights Europe’s scramble to build its own military muscle as the world grows messier and the U.S. turns inward.

The numbers help tell the story. Helsing raised $450 million just shy of a year ago; now, it’s back with this even bigger round led by Ek’s investment firm Prima Materia. It’s part of a broader defense tech boom that’s seeing money flood into companies like the U.S. giant Anduril, which just raised $2.5 billion led by Founders Fund, and European drone makers Quantum Systems and Tekever. (In recent weeks, they announced €160 million and €70 million, respectively, in rounds that put them both into so-called unicorn territory.)

TechCrunch has reached out to Helsing for more details about how it plans to use the new funding.

As for what, exactly, Helsing does, Wired said last year to think of it as turning modern warfare into something that looks more like a video game, except with very real consequences.

The company’s main product takes massive amounts of data from military sensors, radars, and weapons systems, then uses AI to create intuitive, real-time visualizations of what’s happening on the battlefield. Instead of soldiers making life-or-death decisions based on phone calls and hand-drawn maps, everyone is seeing the same information, whether from a frontline trench or a command center miles away.

But what started as an AI software company has grown much more ambitious. Helsing is now building its own strike drones and aircraft and said it’s working on a fleet of unmanned mini submarines in order to irmprove naval surveillance.

The timing isn’t coincidental. As American investor Eric Slesinger told TechCrunch this spring, “European governments waited way too long to rethink what the arrangement on their own security meant.” The wake-up call came with Russia’s invasion of Ukraine, which made it clear that Europe couldn’t rely on American protection alone. The U.S. election late last year of President Donald Trump — who is far more interested in advancing American interests — has since put a much finer point on things.

Now European leaders are talking about spending big on defense while achieving strategic autonomy, meaning their ability to handle their own security. Greek Prime Minister Kyriakos Mitsotakis recently summed up the movement in a separate interview with TechCrunch: “We’re going to spend a lot of money on defense as Europe. The defense landscape is changing, which is no longer just going to be about planes, tanks—this is all going to be much more digitally and AI driven.”

A couple of years ago, that realization was the impetus for the NATO Innovation Fund, the world’s first multi-sovereign venture capital fund backed by 24 NATO allies. But the capital pool is just one of several signs that Europe has grown serious about building its own defense tech ecosystem rather than relying on the U.S. for protection.

Ek, who first invested in Helsing back in 2021, before the outbreak of the Ukraine war, has perhaps seen for a while where thing are heading. As he said in a press release about Monday’s funding: “As Europe rapidly strengthens its defense capabilities in response to evolving geopolitical challenges, there is an urgent need for investments in advanced technologies that ensure its strategic autonomy.”

Other investors in Helsing’s new round include earlier backers Lightspeed Ventures, Accel, Plural, General Catalyst and Saab, and new investors BDT & MSD Partners. The company has now raised €1.37 billion altogether.

Arkansas’ Gage Wood pitches third no-hitter in MCWS history

0


OMAHA, Neb. — Arkansas’ Gage Wood pitched the third no-hitter in Men’s College World Series history and first in 65 years Monday, striking out a record 19 and never letting Murray State come close to getting a hit in the Razorbacks’ 3-0 victory.

Wood joined Jim Ehrler of Texas in 1950 and Jim Wixson of Oklahoma State in 1960 as the only pitchers to throw MCWS no-hitters, and his defense was never really challenged as he dominated a Racers team that was making its first Omaha appearance.

The junior right-hander, who set the MCWS record for strikeouts in a nine-inning game, was subdued in the aftermath.

“The only special thing was I didn’t want to go home. That’s it,” he said. “We’re not going home. We get to play tomorrow night. But it’s pretty cool.”

Arkansas (49-14) plays another elimination game Tuesday night against the loser of UCLA-LSU, which was suspended Monday night and will resume Tuesday morning.

Murray State (44-17), only the fourth No. 4 regional seed since 1999 to reach Omaha, went 0-2 in its first appearance.

Wood’s bid for a perfect game ended in the eighth when his 2-2 breaking ball hit Dom Decker in his back foot.

“When I hit the guy in the foot, I knew I screwed up,” said Wood, who got a foul out and consecutive strikeouts to end the inning, then looked skyward and gave a primal scream and did a couple of high steps as he headed to the dugout.

The Arkansas faithful behind the first-base dugout did a brief “Woo Pig Sooie!” chant as Wood warmed up for the ninth.

Wood (4-1) hit pinch hitter Nico Bermeo in the back of his left elbow with a fastball to start the ninth. Bermeo initially was awarded first base, but Arkansas challenged the call, arguing Bermeo moved his elbow into the pitch. The call was overturned and Bermeo was out.

Wood struck out Connor Cunningham and Jonathan Hogart to finish the game. He was mobbed by teammates, with the celebration moving from behind the mound to the area between second and third base.

“Gage was just executing pitch after pitch, getting ahead in the count and elevating his fastball in and out. What a great job,” coach Dave Van Horn said. “The few plays we had to make behind him — maybe nine, eight? — just glad we made all those plays.”

Wood went to three-ball counts just twice, and 83 of his 119 pitches were strikes.

The closest Murray State came to breaking up Wood’s no-hitter was Carson Garner’s hot grounder that pulled first baseman Reese Robinett to his left. Robinett snagged the ball and touched the bag for the last out of the seventh inning.

Wood showed early signs that this could be a special day. He had excellent command of his signature four-seam fastball, breaking ball and changeup. Of his first 20 fastballs, 19 were strikes, and he fanned nine of the first 12 batters he faced — seven in a row from the third to fifth innings.

Wood has gone from closer as a freshman to middle reliever as a sophomore to weekend starter as a junior. He injured his right shoulder throwing a warmup pitch in his Feb. 23 start against Michigan and didn’t return until April 18 against Texas A&M, a total of 54 days.

He threw a career-long six innings and struck out a career-high 13 against Creighton in a June 1 regional game against Creighton, then went 3⅓ innings in a super regional win over Tennessee on June 8.

Wood now joins Ehrler and Wixson in MCWS lore. Ehrler’s no-hitter came in Texas’ 7-0 win over Tufts on June 19, 1950, and Wixson’s came in a 7-0 victory over North Carolina on June 15, 1960.

Asked what he did with the game ball, Wood said, “I gave it to my dad and said happy late Father’s Day.”

The Razorbacks broke open the game after Murray State’s Graham Kelham relieved Isaac Silva to start the seventh. SEC player of the year Wehiwa Aloy doubled in a run, and another scored when right fielder Dustin Mercer tried to make a shoestring catch on Logan Maxwell’s shallow fly and the ball got under his glove.

Silva kept his team close in his six innings, with Charles Davalan’s third-inning RBI single producing the only run against him.

Silva allowed six hits, walked two and struck out seven. He repeatedly got out of trouble, holding the Razorbacks to 2-for-10 hitting with runners in scoring position and stranding two runners in the third, fifth and sixth.

The Associated Press contributed to this report.

Aubrey Anderson-Emmons, Modern Family Star, Comes Out as Bisexual

0


Aubrey Anderson-Emmons is opening up about her sexuality.

The Modern Family alum, who portrayed Jesse Tyler-Ferguson and Eric Stonestreets on-screen daughter Lily on the Emmy-winning TV show, celebrated Pride month by living her truth and coming out as bisexual.

In a June 16 Instagram video, the 18-year-old lip-synced to an audio clip from a scene of the ABC series that featured herself, Jesse (who portrayed Mitch), Eric (Cam) and Sofía Vergara’s Gloria.

“You are Vietnamese,” Gloria said, to which Lily responds, “No, I’m not. I’m gay, I’m gay.”

Ever the foot-in-the-mouth father, Mitch said, “Honey, no you are not gay. You are just confused. Oh my god, what is wrong with me?”

Atop the video of Aubrey mouthing the scene and smiling along, she wrote, “People keep joking so much abt me being gay when I literally am (I’m bi).”

She extended her announcement to all of her followers celebrating the LGBTQ+ community this month, too, writing in the caption, “Happy pride month to all and to all a goodnight hehehe.” 



Jalen Williams stars as Oklahoma City Thunder move one win away from NBA title

0


Jalen Williams scored 40 points for Oklahoma City Thunder as they held off an Indiana Pacers comeback to win 120-109 and take a 3-2 lead in the NBA Finals.

The Pacers reduced an 18-point deficit from the second quarter to two points in the fourth quarter before Williams, whose tally was a career best in a play-off game, and team-mate Shai Gilgeous-Alexander helped guide the Thunder to victory.

NBA Most Valuable Player Gilgeous-Alexander provided 31 points along with 10 assists as home side Oklahoma moved one win away from securing the NBA title in the best-of-seven series.

“My team-mates instil a lot of confidence in me to go out and be me,” Williams said. “And [coach] Mark [Daigneault] has done a good job of telling me to just be myself.

“I don’t got to be anything more and that’s given me a lot of confidence.”

The Pacers had overcome a 15-point deficit in game one to win but could not repeat the feat in game five.

“Tonight was the exact same game as game one, to be honest,” Williams said. “Learning through these finals is what makes this team good and we were able to do that.”

Game six will take place in Indianapolis on Thursday at 20:30 local time (Friday, 01:00 BST), with Pacers star Tyrese Haliburton insisting he will be ready for the contest.

Haliburton scored just four points in 34 minutes of action in game five, with Indiana coach Rick Carlisle saying the player was “not 100%”.

He added: “It’s pretty clear. But I don’t think he’s going to miss the next game.

“We were concerned at half-time. He insisted on playing.”

Haliburton said: “It’s the Finals, man. I’ve worked my whole life to be here and I want to be out there to compete, help my team-mates any way I can.

“I was not great tonight by any means, but it’s not really a thought of mine to not play here. If I can walk, then I want to play. It is what it is. Got to be ready to go for game six.”

Trump knocks 'kooky' Carlson over Iran criticism

0



President Trump took a shot at pundit Tucker Carlson, a former Fox News host and one of his most reliable allies in the media, over the commentator’s criticism of the president’s posture toward Iran.

“Somebody please explain to kooky Tucker Carlson that IRAN CAN NEVER HAVE A NUCLEAR WEAPON,” Trump wrote on his Truth Social website Monday evening.

Trump’s attack on the longtime cable news host-turned-podcast and multimedia personality came just hours after reporters asked him about Carlson’s urging that the U.S. stay out of a quickly escalating war between Israel and Iran.

“I don’t know what Tucker Carlson is saying. Let him go get a television network and say it so that people listen,” the president said during a meeting with the British prime minister at the Group of Seven summit, an even he left early on Monday due to the ongoing crisis in the Middle East.

Carlson was a leading host at Fox for years, hosting a prime-time show that was a favorite program of the president and many of his followers.

After being fired by Fox in 2022, Carlson launched his own media company and digital show, hosting the president for his first episode and accompanying him along the 2024 campaign trail.

Carlson remains a large supporter of much of Trump’s agenda, but in recent days he has cautioned the president against allowing the U.S. to become involved in another war in the Middle East.

The pundit last week said Trump was “complicit” in Israel’s all-out war with Iran and called out “warmongers” whom he says were urging Trump to “direct U.S. military involvement in a war.” 

Trump late Monday urged people to flee the city of Tehran as more Israeli military strikes are expected in the area in the coming days.

Major events in the history of French fashion group Kering

0


(Reuters) -Gucci owner Kering is reported to be close to appointing Renault’s ex-boss Luca de Meo as its new CEO.

According to sources, current Kering chief Francois-Henri Pinault, whose family controls the heavily indebted luxury conglomerate and who has been leading it for 20 years, is mulling splitting the roles of CEO and chairman.

The following is a timeline of major events in the French luxury fashion group’s history.

1962 – Francois Pinault founds Etablissements Pinault, a timber trading company based in Rennes that will transform into Kering.

March 1999 – The firm, now called PPR, begins its transformation into a luxury group by acquiring a 42% stake in the fashion group Gucci for about $3 billion.

July 2001 – The group buys the Balenciaga fashion house, which soon becomes a celebrity-favoured strategic brand within the PPR-owned Gucci Group.

March 2005 – Francois-Henri Pinault, the founder’s son, replaces Serge Weinberg as chairman and CEO of the group and begins to sell off non-core activities to fund further acquisition in the fashion sector.

November 2011 – The group announces the acquisition of Italian luxury house Brioni, famous for designing James Bond’s suits, in a bid to strengthen its high-end menswear profile.

December 2012 – The conglomerate makes its first-ever acquisition in China by purchasing a majority stake in fine jewellery company Qeelin.

March 2013 – The firm changes its name to Kering to herald its exit from mass market retail brands.

April 2013 – The firm takes over jewellery brands including Italy’s Pomellato and DoDo.

November 2022 – The group confirms the departure of Gucci’s creative director Alessandro Michele, ending a more than 20-year tenure over “different perspectives”.

July 2023 – Kering buys a 30% stake in Italian fashion brand Valentino for 1.7 billion euros ($1.97 billion) in an attempt to revitalise struggling Gucci, which is wrestling with a fading post-pandemic fashion boom.

It also strikes a deal to buy high-end French fragrance label Creed, for which it reportedly pays 3.5 billion euros.

September 2023 – Gucci CEO Marco Bizzarri leaves the post after eight years, as Kering reshuffles its top ranks in a bid to restore momentum at its star label.

October 2024 – The firm highlights major headwinds to profits at Gucci, hampered by weak demand in China.

February 2025 – Gucci design chief Sabato De Sarno leaves the label after less than two years in the job as the brand strives to attract wealthier shoppers and reverse its weak sales.

March 2025 – Kering fails to reassure investors with its appointment of in-house talent Demna as artistic director at Gucci, losing $3 billion in stock value in a single day.

Amazon Prime Day 2025 stretches to four days of deals

0


Amazon has announced the dates when its annual Prime Day deal extravaganza will kick off, and it’s happening for much longer than usual. It starts Tuesday, July 8th, at 3AM Eastern and lasts through Friday, July 11th, at the same time. And, instead of being a two-day event that’s exclusive to Prime subscribers, it’s happening for four days in 2025. We will, of course, be reporting for deal duty for the duration, supplying only on the discounts that matter to Verge readers.

Four days is a very long time, and we currently don’t know if Amazon plans to blast out the majority of good deals on day one, or divvy them out evenly across the event’s duration. At least, it will attempt to organize the deals with a new “Today’s Big Deals” feature for subscribers, which recaps the biggest deals across various categories.

We expect to first see deals arrive on Amazon’s own suite of devices, including Echo smart speakers, smart displays, and other smart home gear. This includes its Kindle lineup, as well as its Fire TV streamers and TVs that run its entertainment-focused OS. Amazon teased some of its early deals beginning soon, which include its lowest price yet on the Blink Mini 2 two-pack as well as the Ring Battery Doorbell bundled with the Ring Floodlight Cam Wired Plus. It also plans to offer the eero 6 Plus mesh Wi-Fi router system, the Fire HD 8 Plus tablet, and more products at up to half off.

Once Prime Day begins, deals will expand to include other popular manufacturers that Verge readers care about. Every company under the sun typically takes part in Prime Day on both big-ticket gadgets and affordable tech. We’ll be covering the best deals on TVs, laptops, headphones, tablets, video games, PC accessories and components, and so much more.

To reiterate, Prime Day deals are only for Prime subscribers, so you’ll need a subscription to participate (even if it’s a trial). For those who are between the ages of 18 and 24, you can get a six-month subscription for free, with it renewing after that period at $7.49 per month (half the normal cost of Prime).

If you’re unsure as to whether you’ll have time to peruse all of the deals with us, you can opt to get a tidy email digest of only the top deals, both on a regular basis and during Prime Day, by subscribing to our Verge Deals newsletter below.

Jalen Williams drops 40 as Thunder fend off Pacers in Game 5

0


OKLAHOMA CITY — Game 5 of the NBA Finals was starting to look like Game 1 all over again. The Oklahoma City Thunder took a huge lead at home. The Indiana Pacers came roaring back in the fourth quarter.

Indiana won that one.

This time, the Thunder crafted a different ending — and a 3-2 lead in the Finals was their reward.

Jalen Williams scored a career-playoff-high 40 points, MVP Shai Gilgeous-Alexander added 31 and the Thunder moved one win from a title by beating the Pacers 120-109 on Monday night.

“We’re learning,” said Williams, whose previous playoff best was 34.

It was the 10th — and by far, the biggest — time the Thunder stars combined for more than 70 points in a game. Williams was 14-of-24 from the field, and Gilgeous-Alexander added 10 assists. The pair combined to score or assist on 103 points, the most by a duo in an NBA Finals game in the past 50 years, according to ESPN Research.

“It wasn’t a perfect game at all, and there’s a lot of room for growth,” Thunder coach Mark Daigneault said. “But our improvement from Game 4 to Game 5 was critical.”

Pascal Siakam had 28 points for Indiana, which will host Game 6 on Thursday night. TJ McConnell added 18 for the Pacers, who whittled an 18-point deficit down to two in the fourth — then watched the Thunder pull away again, and for good.

“It kind of went away from us,” Siakam said. “But the fight was there.”

It was, but now everything favors the Thunder.

Teams that win Game 5 of an NBA Finals that was tied at 2-2 have gone on to win the series 23 times in 31 previous opportunities, or 74%. And teams with a 3-2 lead in the finals have won 40 times in 49 previous opportunities, or 82%.

But Game 5 was not easy. Far from it.

Down by 18 late in the second quarter, the Pacers — the comeback kings of these playoffs, with as many wins in this postseason from 15 points down or more (five) than the rest of the league has combined, including in Game 1 of this series — did what they do, chipping away. And they did it with Tyrese Haliburton reduced to basically playing decoy on offense because of a leg issue that he aggravated in the first quarter.

“He’s not 100%,” Pacers coach Rick Carlisle said. “It’s pretty clear.”

Led by McConnell, who scored 13 points in just under seven minutes of the third, the Pacers got within five late in that quarter.

Then, Siakam went to work — a pair of free throws with 9:19 left got Indiana within four, then a 3-pointer about a minute later made it 95-93. In the play-by-play era of the NBA, starting with the 1997 playoffs, teams with leads of 15 points or more in the Finals were 80-9.

Make that 81-9 now, and the Thunder are one win away from giving Oklahoma City its first NBA title.

“That was honestly the same exact game as Game 1,” Williams said. “Learning through these finals, that’s what makes a team good.”

One more win, and his team will be certified as great.

The Associated Press contributed to this story.

Everything We Know + Early Deals

0


What Is Amazon Prime Day?

Amazon Prime Day is a major shopping event exclusively for Prime members, offering limited-time deals across top categories like tech, beauty, fashion, home, and more. Launched in 2015 to celebrate Amazon’s anniversary, it has grown into one of the biggest online sales of the year, rivaling Black Friday. The event usually lasts 48 hours and features deep discounts, Lightning Deals, and early access offers for Prime members only.

When Is Amazon Prime Day 2025?

Amazon Prime Day will return from July 8th to 11th. The sale typically only lasts two days, however, this year it’s been extended to four days full of unbeatable deals.

What’s on Sale for Amazon Prime Day?

Expect major savings on everything from Amazon devices and smart home gadgets to beauty bestsellers, fashion finds, home upgrades, and more. Limited-time Lightning Deals and daily discounts drop throughout the event.

How Can I Find the Best Amazon Prime Day Deals?

Stay ahead of the sale by checking curated Prime Day picks from E! Insider Shop. New offers go live regularly, and early deals often roll out before the main event. Bookmark Amazon’s Prime Day hub for the latest drops.