Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2025-03-13 10:08:00| Fast Company

Visit a celebritys Wikipedia page and theres a good chance youll be greeted by a blurry, outdated, or unflattering photo. These images often look like they were snapped in passing at a public eventbecause, in many cases, they were. The reason? Wikipedia requires all images to be freely available for public use. Since professional photographers typically sell their work, high-quality portraits rarely make it onto the site. Thats bad news for celebrities, for whom this page is often their most-viewed online presenceand therefore the face they present to the world. Some photos are so notoriously bad, theyve even earned a spot on a dedicated Instagram page. Enter WikiPortraits: a team of volunteer photographers on a mission to fix this injustice. Armed with their own camera gearand often covering their own travelthese photographers attend festivals, award shows, and industry events to capture high-quality, freely licensed images of celebrities and other notable figures. Theyve brought portrait studios to major events like the Sundance Film Festival, SXSW, and Cannes, helping to refresh outdated Wikipedia photos or fill in the blanks for biographies missing images altogether. Its been in the back of our minds for quite a while now, Kevin Payravi, one of WikiPortraits cofounders, told 404 Media in a recent interview. Last year, the team decided to turn the idea into action. They secured press credentials for Sundance 2024, sent a few photographers to the festival, and set up a portrait studio on site. It marked WikiPortraitss first coordinated effort in the U.S. to capture high-quality, freely licensed images specifically for Wikipedia. Since launching last year, WikiPortraits has grown to over 30 photographers, collectively covering about 10 global festivals and snapping nearly 5,000 freely licensed celebrity portraits. Their photos have racked up millions of views on Wikipedia and have even been picked up by news outlets around the world. Celebrities? Theyre often thrilled. Just ask Jeremy Strong. At a New York screening of The Apprentice, photographer Nikhil Dixit approached the Succession star about taking an updated Wikipedia photo. Strongs publicist initially declined, Dixit told 404 Media, but the actor interrupted. Wait, youre from Wikipedia? he asked. For the love of God, please take down that photo. Youd be doing me a service.


Category: E-Commerce

 

LATEST NEWS

2025-03-13 10:00:00| Fast Company

American auto executives have had a rough go of it of late. As calendars flipped to 2025, the leaders of the Big Three (GM, Ford, and Stellantis) were already confronting lukewarm demand for their electric vehicles as well as the ascendance of new and formidable Chinese competitors. Then Donald Trump arrived in the White House, and the headwinds turned into hurricane-force gales. The most urgent issue has been the tariffs that Trump has declared, and then paused, and then resumed on goods imported from Canada and Mexico. Because the North American auto industry is tightly integrated with suppliers in both countries, Trumps proposed 25% tariffs could increase the cost of new cars in the U.S. by as much as $12,000. On March 6, the Trump administration granted the auto industry a one-month reprieve so that companies can shift production here to the United States of America, according to White House press secretary Karoline Leavitt. The likelihood of that happening in a matter of weeks is virtually nil. Beyond the looming threat of tariffs, U.S. automakers now face an increasingly wobbly domestic market. As Trumps tumult has rattled the economy (and shaken the stock market), American consumer sentiment has tumbled at the fastest rate in three-and-a-half years. Both tariffs and an economic downturn would make Americans relatively poorer when contemplating a vehicle purchase. For that reason, their likely effect on car-buying preferences is similar: They would tilt purchase decisions toward cheaper, modest-sized models. But U.S. automakers have no small, affordable options available; after decades focused on building increasingly massive SUVs and pickups, the Big Three no longer offer Americans a single mainstream sedanonly foreign competitors do. Detroits devotion to car bloat has left the U.S. auto industry uniquely vulnerable to Trumps economic chaos. The term car bloat describes the steady expansion of American automobiles. In 1977, just 23% of new car sales were SUVs and pickups; that figure now stands at around 80%. Individual models have also grown larger, such as the Chevrolet Silverado pickup, which added around 700 pounds and two inches of height between 1995 and 2024. Car bloats causes are manifold, including shifting consumer preferences, loopholes in federal fuel economy rules, and the billions of marketing dollars carmakers have spent convincing Americans that they need a rugged SUV or pickup even if they haul nothing heavier than groceries and venture nowhere more exotic than a shopping mall. U.S. car companies now rely on their heftiest models to generate profit. The pickup truck is the American luxury vehicle, said Glenn Mercer, a longtime automotive researcher. That’s where they make all their money. Last year, GM announced it was ending production of the Chevrolet Malibu, Detroits last non-luxury sedan sold in the U.S.       . Meanwhile, the Big Threes margins have grown juicier due to the supply chains that spread across North America following the 1994 adoption of NAFTA. The elimination of border fees has allowed automakers to capitalize on Mexicos relatively cheap labor as well as Canadas abundant raw materials and many factories. A single automotive component can cross national borders as many as seven times during the production process. Free trade has allowed the automakers to minimize the cost of producing cars that have grown increasingly massiveand expensive. In January, Kelley Blue Book found that the average price of a new vehicle in the U.S. was just shy of $50,000, near an all-time record. Car ownership is even pricier when accounting for the rising costs of insurance and maintenance. According to federal data, the average inflation-adjusted cost of owning a car driven 15,000 miles annually rose a whopping 44% between 2017 and 2023, reaching $12,000 per year. Even in a rich and auto-dominated country like the U.S., theres a limit to how much shoppers can fork out. Last year, the Detroit News noted an affordability shift in car-buying preferences, and a recent analysis by Wells Fargo found that most American pickup owners want to pay between $40,000 and $50,000 on their next truck, well below the typical cost of $60,000-plus. A 2024 survey by the Dave Cantin Group and Kaiser Associates found a three-percentage point jump in Americans planning to buy a sedan as their next vehicleand a decline in those eyeing a truck or SUV, the vehicle types that dominate Detroit. The Big Threes loss has been Asian car companies gain: Companies like Kia, Nissan, and Mitsubishi have seen U.S. sales surge for comparatively cheap sedans like the K4, Sentra, and Mirage. Now Trumps tariffs could add thousands more dollars to the cost of a North American SUV or truck, a price hike likely to catalyze the American shift toward downsizing. (Sedans produced by foreign brands in North American would be likely to see less of a price hike than Detroits hefty SUVS and trucks, and many sedans sold in the U.S. are imported from countries that arent current targets of Trumps tariffs.)Even if Trump ultimately dumps his tariff proposalsa huge ifgrowing fears of a recession, which Trump has refusd to rule out, reveal the vulnerability of Detroits bloated lineups. Some budget-conscious car buyers may save money by delaying their purchase, choosing fewer features, or selecting a smaller model within the same vehicle class. (This may already be happening: The comparatively modest Toyota RAV4 recently dethroned the Ford F-150 pickup as the top-selling vehicle in the U.S.) The other likely scenario: They could switch from an SUV or pickup to a comparatively cheap sedan. In a world of uncertainty, a safe harbor is a lower cost, high quality vehicle, said Mercer. Thats the Japanese and Koreans. For U.S. automakers, losing longtime customers would be a disaster. Its easier to keep a customer than conquer one, Mercer said. I’m sure Ford is kicking itself that it discontinued so many of its car linesand the Koreans and the Japanese are feeling pretty damn smart. For Americans not personally involved in the auto industry, a tempering of car bloat would hardly be a bad thing. Bigger vehicles are more deadly and polluting, and a decline in size would reduce crash deaths and emissions. But those societal benefits are unlikely to be top of mind for U.S. automakers facing tumbling sales. Mercer blames the Big Three for lemming-like behavior as they have dropped all of their smaller models over the last 20 years. That culling process has left them vulnerable to the current consumer shift toward affordability, a trend that Trumps economic chaos will only reinforce. If American auto sales take a hit in the months ahead, carmakers will surely blame whipsawing federal policy. Fair enough, but they should also look in the mirror.


Category: E-Commerce

 

2025-03-13 09:30:00| Fast Company

Denmark’s largest grocery store operator is introducing a new symbol to its electronic price tags to make it easier to shop local and avoid purchasing American goods. Starting this month, black stars will appear on price tags for European-produced groceries in stores across Denmark, Germany, and Poland run by the Salling Group. “We are making it easier to buy European brands,” Salling Group CEO Anders Hagh wrote in a LinkedIn post last week, citing consumer demand. Danish holding company the Salling Group operates multiple grocery stores chains and more than 1,700 stores. [Image: Salling Group/LinkedIn] Attitudes towards the U.S. have soured in Denmark as President Donald Trump has called for taking control of Greenland, an autonomous Danish territory, and for putting tariffs on European goods. A YouGov poll released in January found Danes consider the U.S. a bigger threat than North Korea. “We have recently received a number of inquiries from customers who want to buy groceries from European brands,” Hagh said. “Our stores will continue to have brands on the shelves from all over the world, and it will always be up to the customers to choose. The new label is only an extra service for those customers who want to buy goods with European brands.” Trump’s trade war has elevated the importance of national origin “made in” labels as consumers look to purchase products made in their own countries, turning retail and grocery stores into the front lines of the trade war. For its part, Hagh said products in his company’s grocery stores can get the star “when the ultimate owner of the trademark is European.” “We hope that customers will welcome the new information and will once again let everyone choose freely from our large selection of goods from all over the world,” he said. The black star on the company’s electronic price tags might be a small in size, but the symbol could have an outsized effect. If the trend catches on more broadly with consumers across Europe, U.S.-based brands could suffer.


Category: E-Commerce

 

Latest from this category

15.03Can pickleball become the quintessential NYC sport? These founders are banking on it
15.03How Duolingo, NBCUniversal, and Creators Corp. are taking branded entertainment to the next level
15.03Angry Americans are hitting Trump where it hurts the most: Elon Musk
15.03This free web-based image editor gives Photoshop a run for its money
15.03Will egg prices top $10 per dozen in 2025?
15.03Housing market squeeze: Income needed to buy typical U.S. home up 79% in 5 years
15.03M4 MacBook Air 2025 review: The perfect laptop for most consumers
15.03How St. Patricks Day celebrations originally featured the color blue
E-Commerce »

All news

15.03Amazon is getting rid of the option for Echo devices to process Alexa requests locally
15.03City leaders, state legislators react to House budget bill shifting appointments for Gary Airport Board
15.03Google's Find My Device app can now show your contacts real-time locations
15.03SpaceX's Crew-10 mission is on its way to the ISS
15.03Engadget review recap: MacBook Air, Mac Studio, Ninja Creami and Technics AZ100
15.03Over 800 smallcaps end the week in red. 116 stocks fall in double-digits up to 43%
15.03Angry Americans are hitting Trump where it hurts the most: Elon Musk
15.03How Duolingo, NBCUniversal, and Creators Corp. are taking branded entertainment to the next level
More »
Privacy policy . Copyright . Contact form .