
MercadoLibre's Galperin to Focus on AI Projects After CEO Change
Galperin, who has led Latin America's most valuable company for more than two decades, said he remains 'as excited as ever' about the company's future, especially as it explores AI.
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Trump claims weak July jobs report was ‘rigged'
M2 Communities CEO Mitch Roschelle joins 'Fox News Live' to discuss President Trump's firing of the Bureau of Labor Statistics commissioner following a weak July jobs report and concerns the data was 'rigged' for political purposes.
Yahoo
an hour ago
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Nintendo Announces U.S. Price Rises for Original Switch, Warns Price Rises for Switch 2, Games, and the NSO Membership ‘May Be Necessary in the Future'
Nintendo has announced a range of price rises for various OG Switch products in the U.S., and warned price rises for the Switch 2, video games, and the Nintendo Switch Online membership may be coming down the line. The price rises, which are "based on market conditions," Nintendo said, come into effect on August 3. However, they briefly kicked in at Target, as spotted by Wario64 on X / Twitter. Assuming the new prices shown at Target are correct, they are as follows: Nintendo price rises announced August 1, 2025: Nintendo Switch: $339.99 (up from $299.99) Nintendo Switch OLED: $399.99 (up from $349.99) Nintendo Switch Lite: $229.99 (up from from $199.99) Nintendo Sound Clock: Alarmo: $110 (up from $99.99) Joy-Con 2 controllers: $100 (up from $94.99) The announcement comes a month after Nintendo signalled price rises in Canada, which were also "based on market conditions." Nintendo has yet to go into further detail. In today's announcement, Nintendo said that the newly-launched Switch 2, physical and digital Nintendo Switch and Nintendo Switch 2 games, as well as a Nintendo Switch Online membership, will not be impacted by the impending price adjustment, though all models of the original Switch (the OG Switch, Switch Lite, and Switch OLED) are impacted. "Certain" Switch 2 accessories, "select" amiibo, and the Nintendo Sound Clock: Alarmo, will also see their prices go up, Nintendo continued. In a post on its website, Nintendo issued the following statement: Pricing for the original Nintendo Switch family of systems and products will change in the United States based on market conditions, effective August 3, 2025. These include Nintendo Switch – OLED Model, Nintendo Switch, Nintendo Switch Lite and select Nintendo Switch accessories. Other Nintendo products, including certain Nintendo Switch 2 accessories, select amiibo, and the Nintendo Sound Clock: Alarmo, will also see adjustments. Pricing for the Nintendo Switch 2 system, physical and digital Nintendo Switch and Nintendo Switch 2 games, as well as Nintendo Switch Online memberships, will remain unchanged at this time. However, please note that price adjustments may be necessary in the future. Pricing information for United States consumers can be found at didn't name Trump's tariffs in its statement, but analysts are pointing to them by way of explanation for these and other price rises in the video game industry. Daniel Ahmad, Director of Research & Insights at Niko Partners, tweeted to say he wouldn't be surprised if Nintendo ended up raising Switch 2 prices at some point as well. "20% tariff on Vietnam, 30% tariff on China, 15% tariff on Japan," Ahmad tweeted in response to the news. "All markets that Nintendo relies on for hardware and software production." News of the Switch price hike comes just hours after Nintendo reported its first financial results since the Switch 2 came out in June. As expected, the company saw a significant boost to sales and profits, with the Switch 2 itself selling more than 6 million units in just seven weeks. In the financial results, Nintendo said the OG Switch was still continue to hold its own despite its age and the launch of the Switch 2. The number of annual Nintendo-playing users between July 2024 and June 2025 has remained above 100 million, which means Nintendo launched Switch 2 into an environment where a huge number of people were already playing Switch. Wesley is Director, News at IGN. Find him on Twitter at @wyp100. You can reach Wesley at wesley_yinpoole@ or confidentially at wyp100@ Sign in to access your portfolio
Yahoo
an hour ago
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Comcast takes drastic action as customers rapidly cut service
Comcast takes drastic action as customers rapidly cut service originally appeared on TheStreet. Comcast () , which operates internet, phone, and cable services under the name Xfinity, continues to see a startling change in customer behavior that appears to be growing legs, and the company is taking drastic measures to reverse the trend. In Comcast's second-quarter earnings report for 2025, it revealed that it lost about 226,000 internet customers during the quarter, which is almost 88% higher than the number of internet customers it lost during the same quarter last year. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 The loss comes after Comcast announced in December its plan to raise prices for Xfinity services this year. The company said 'strategic investments' were needed to make its network 'smarter, faster and more reliable,' which angered also recently decreased Xfinity's monthly autopay discount from $5 to $2 for customers who use credit and debit cards to pay their bills. Earlier this year, Comcast tried to lessen the blow of price hikes by rolling out a five-year price lock guarantee for Xfinity plans, but customers continue to cut the cord on internet services in large numbers. Comcast sounds alarm on a major threat During an earnings call on July 31, Comcast revealed that it saw a slight uptick in the number of customers whose service was cut off due to nonpayment during the quarter. Also, Comcast Chief Financial Officer Jason Armstrong said during the call that the 'competitive environment' the company operates in 'remains intense.' 'Fixed wireless remains very active in the marketplace,' said Armstrong. 'Fiber competitors continue to build more capacity.' Comcast is currently facing increased competition from AT&T, Verizon, and T-Mobile, which all offer fixed wireless internet. This service provides internet access to remote or underserved areas at prices that are usually lower than traditional internet the second quarter of this year, AT&T, Verizon, and T-Mobile collectively added about 932,000 new 5G home internet customers. According to a recent survey from Cord Cutters News, now, only about 40% of consumers rely on cable TV companies for their internet service, a significant decline from 45% in late 2024. Also, roughly 11% rely on 5G home internet, an increase from 8.4% just a year ago. It is no surprise that many consumers are rapidly making the switch to fixed wireless internet, as a recent survey from CNET found that 63% of U.S. adults saw the monthly price of their home internet service increase last year. On average, they paid $195 more for internet service in 2024 than in 2023. As more consumers look for cheaper internet options, one of Comcast's main competitors, Spectrum, also lost about 117,000 internet customers during the second quarter this year. Comcast highlights plan to attract and retain customers To combat this major shift in customer behavior, Comcast CEO Michael Cavanagh said the company has 'realigned' its pricing strategy during the quarter around seven main changes. First, it moved local offers 'to a consistent national pricing structure.' Second, Comcast simplified its broadband offers with four flagship speed tiers. Third, it added unlimited data and boosted speeds to its internet packages. Fourth, it lowered 'everyday pricing.' Fifth, it introduced one-year and five-year price lock guarantees to its internet plans without contracts. Sixth, it now offers a free Xfinity mobile line for one year for all new and existing internet customers. Last, it recently introduced its premium unlimited mobile plan, which includes 4K Ultra HD streaming and other features. More Telecom News: Verizon's push to make switching harder for customers hits a snag T-Mobile announces generous offer for conflicted customers Amazon pulls the plug on a free service for customers 'Our goal for all the actions we've taken is to build a loyal customer base that churns less and values our services more by: one, delivering simple, predictable and transparent pricing; and two, making it easier than ever to do business with us,' said Cavanagh. He also said that the company has upgraded its operating system, which manages its customer interactions, to Google's AI platform. Comcast hopes this change will help it provide quicker support for customers. Cavanagh claims that customers are already responding positively to these recent changes. 'Customers are responding to the simplicity and power of these changes with roughly half of our eligible new customer connects choosing our five-year price guarantee this quarter,' said Cavanagh. 'We also posted a 20% increase in the percentage of new customers taking gig plus speeds.'Comcast takes drastic action as customers rapidly cut service first appeared on TheStreet on Aug 2, 2025 This story was originally reported by TheStreet on Aug 2, 2025, where it first appeared.