
Humana Rises as Insurer Sees Medical Costs Stabilizing
Humana Inc. shares jumped in trading before US markets opened after the insurer said an uptick in medical
2023-08-02 20:58

US Companies Added 324,000 Jobs in July, ADP Says
US companies added more jobs in July than expected, highlighting the persistent strength of the labor market. Private
2023-08-02 20:55

CVS Beats Quarterly Profit, Sales Estimates Amid Cost Cuts
CVS Health Corp. beat estimates for second-quarter profit and sales, a sign of strength as the drugstore chain
2023-08-02 19:47

Kraft Heinz misses quarterly forecasts as higher prices dent volumes
(Reuters) -Kraft Heinz missed quarterly sales and profit estimates on Wednesday as inflation-hit customers bought fewer packaged meals and condiments,
2023-08-02 19:20

Carlyle Profit Slides 26% as New CEO Seeks Rebound
Carlyle Group Inc. reported a decline in second-quarter profit, underscoring the challenge facing new Chief Executive Officer Harvey
2023-08-02 19:17

Phillips 66 joins rival refiners with sharp quarterly profit drop
Phillips 66 reported a sharp fall in second-quarter profit on Wednesday, the latest U.S. refiner to bear the
2023-08-02 19:17

World battles to loosen China's grip on vital rare earths for clean energy transition
By Ernest Scheyder and Eric Onstad Refining rare earths for the green energy transition is hard. Just ask
2023-08-02 18:21

Wall Street Reaped Ruble Fortune on Clients Fleeing From Russia
Wall Street chiefs seeking to explain recent steep drops in trading revenue have reminded investors how lucrative things
2023-08-02 18:17

Tickets for Taylor Swift's Eras Tour LA shows are on sale for more than $11,000
Taylor Swift is playing her last US shows on her Eras Tour in LA this month and as you can imagine there is an unprecedented demand for tickets. For those who missed out during the chaotic Ticketmaster US ticket sales back in January, fans remain determined to hear the popstar's biggest hits and are attempting to bag last-minute tickets for the sold-out shows at SoFi Stadium in Inglewood. Originally, face-value tickets sold for $49 to $449, but according to the LA Times, tickets for the first show were on sale from $800 to a whopping $11,000 each on StubHub. Sign up to our free Indy100 weekly newsletter As the first show is due to take place tomorrow (August 3), tickets are continuing to rocket in price with the most expensive listing currently being priced at $25,677 for floor seats while a Level 1 suite is $102,070. Swifties have since been taking to social media to share their tips on how to secure face-value tickets on Ticketmaster which occasionally releases tickets last minute. @joecurtains how to get eras tour tickets day of for face value on ticketmaster: aka what I did to score floor seats only 2 hours before the show started. hoping this finds the right audience so fans can get in and beat the scalpers #taylorswift #erastour #swifttok #taylorsversion #tserastour #tickets #ticketmaster #erastourphilly #guide #howto #fyp #fypシ @Taylor Swift So who's in charge of the ticket prices? Well, there are a number of different factors at play. Promotors are the ones who officially set the prices and get money from ticket sales, but given it's Taylor Swift we're talking about she would also have a hand in choosing the venues and informing the promotor where to set prices. Venues charge a facility fee for hosting the concert and are paid by the promoters for this role, some venues have exclusive deals with certain promoters while others do not. And then there are the ticket companies like Ticketmaster who sell tickets with dynamic pricing where the price of a ticket changes according to demand - a move that has received criticism (though artists can opt out of this, as Swift did). On top of this, there is also the service fee for buying the ticket online, a processing fee that "covers miscellaneous expenses associated with online ticketing", and a facility charge for the venue to host the shows. According to Ticketmaster, input is given by the artist on the service fee and facility charge. Finally, there are the resellers who purchase tickets with no intention to attend the show but rather buy tickets to turn a profit by making listings on marketplaces like StubHub and SeatGeek. Prices can shoot up as there are no limits as to what the seller can charge. “This is a truly market-driven platform,” StubHub spokesperson Jessica Finn told LA Times. “So this is really about what sellers think that the price, the value of the ticket is, and what buyers think the value of the ticket is, and they effectively agree on it with a purchase... It’s very much a dynamic marketplace, prices go up and down and we don’t meddle with that.” A team of people or software bots can be used by the reseller to nab batches of tickets - hence why Swift decided for her UK tour to do album order presales, get fans to sign up for the general sale, and have staggered ticket sales throughout the day to try and stop bots and resellers. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-02 17:57

RB Global Replaces CEO Fandozzi Amid Compensation Dispute, Sources Say
RB Global Inc., formerly known as Ritchie Bros. Auctioneers Inc., is appointing a new chief executive officer to
2023-08-02 17:51

Health Insurers Don’t Want You to Know Where Your Money Is Going
Employers are losing trust in the companies they hire to run their health plans. Kraft Heinz Co. accused
2023-08-02 17:46

European Stocks Decline as US Rating Downgrade Hurts Sentiment
European stocks slumped the most in almost a month as Fitch Ratings’ downgrade of the US sovereign credit
2023-08-02 17:27