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☆ Airbnb CEO says he wants Airbnb to be the 'ultimate AI concierge' that will match you to the perfect property
▼ + stars: | 2023-07-06 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Airbnb cofounder and CEO Brian Chesky has said he thinks AI will significantly change Airbnb. Chesky said they are working to make an AI "concierge" that can learn about a user over time. But a program that can be the "ultimate AI concierge" and learn about you over time is more valuable to Airbnb. "The better we can understand you, the more we can be like the ultimate AI concierge pointing you to places, community, homes, experiences, and many more things." "Hopefully it's going to make you just think, 'Oh my God, their customer service is amazing,'" Chesky told Skift.

Persons: Brian Chesky, Chesky, —, Airbnb, It's, we're, Sam Altman, Skift Organizations: Service, Bloomberg's Technology Locations: Silicon

☆ Thousands of California hotel workers go on strike amid holiday weekend, demanding better pay and benefits
▼ + stars: | 2023-07-02 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Thousands of hotel employees across LA and southern California went on strike Sunday. 96% of the union voted last month to authorize a strike amid disputes over pay and benefits. The union's website states that it represents over 32,000 workers across Southern California and Arizona, and at least 15,000 workers are affected by the current dispute. About 600 of the union's members are not striking as LA's largest hotel, the Westin Bonaventure, agreed to a tentative deal with its union workers last week. The strike is the latest labor dispute to reach this extreme in Los Angeles, which has seen multiple over the last few months, per the Times.

Persons: —, Kurt Petersen, We're, it's, Emely Lopez, Insider's Reed Alexander Organizations: Service, CNN, New York Times, Westin Bonaventure, Intercontinental, KTLA, . Teachers, Hollywood Locations: LA, California, Los Angeles, Orange, Southern California, Arizona

☆ Tesla delivered 466,000 cars in another record quarter. Analysts called it a 'massive step in the right direction.'
▼ + stars: | 2023-07-02 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Tesla posted another record quarter for the three months to June 30, it said on Sunday. Tesla posted another record quarter for both production and deliveries in the three months to June 30. The second quarter figures are not far off double the tallies for the same period last year. Analysts at Wedbush Securities said the delivery figure was a "massive step in the right direction" for Tesla. Tesla reports its second quarter results and will hold an investor call on July 19.

Persons: Tesla, Dan Ives, Alexa St, John, It's, Ford, Tesla's, Insider's George Glover, Beatrice Nolan Organizations: Morning, EV, Street, Wedbush Securities, Tesla, Alexa, General Motors, Tesla's

☆ Chicken made from animal cells in a lab was served at a Michelin-starred restaurant in San Francisco
▼ + stars: | 2023-07-02 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The first lab-grown chicken has been served in the US at Bar Crenn in San Francisco. Upside Foods partnered with the Michelin-starred restaurant to serve the cultivated chicken. Upside Foods and Just Meat recently received regulatory approval to sell lab-grown chicken. Winners of a social media contest were the first diners to try the cultivated chicken at Bar Crenn, the companies announced. Good Meat is also set to bring its cultivated chicken to customers this year at China Chilcano restaurant in Washington, DC, according to CNN.

Persons: —, Uma Valeti, Bill Gates, Dominique Crenn, Crenn Organizations: Foods, Michelin, Service, Food and Drug Administration, US Department of Agriculture, CNN Locations: San Francisco, China, Washington , DC

☆ Twitter went down for thousands of users on Saturday with a 'rate limit exceeded' error message
▼ + stars: | 2023-07-01 | by ( Aaron Mcdade | Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Twitter was down for many users for several hours on Saturday. The cause was unknown, but came less than a day after other recent changes to Twitter. Twitter appeared to go down on Saturday for tens of thousands of users. The term "Rate Limit Exceeded" was trending on the platform Saturday, with thousands of tweets sent out using the phrase. Musk later said that was a temporary measure to stop companies from scraping data from Twitter.

Persons: Twitter, Elon Musk, Musk, couldn't, It's Organizations: Twitter

☆ Goldman Sachs is thinking about breaking up with Apple after losing billions on its consumer banking push, reports say
▼ + stars: | 2023-07-01 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +2 min

Goldman Sachs may be looking to end its partnership with Apple, The Wall Street Journal reported. Goldman has abandoned other elements of its consumer banking push in recent months. It seems Goldman Sachs might prefer Wall Street to main street after all. Now Goldman is considering breaking up with Apple too, according to a report by The Wall Street Journal. Goldman Sachs, Apple, and American Express did not immediately respond to requests for comment from Insider, made outside normal working hours.

Persons: Goldman Sachs, Goldman, David Solomon, Solomon, it'd Organizations: Apple, Street Journal, Wall Street, American Express, CNBC, Motors

☆ Five Guys debuts in South Korea to long waits and one person reportedly attempting to sell a burger meal for $76
▼ + stars: | 2023-06-30 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The popular burger chain Five Guys opened its first location in South Korea earlier this week. Hundreds of customers were lined up before the store opened, per local media reports. One customer went viral for trying to resell two burgers and a large order of fries for $76 online. The burger market in South Korea has grown in recent years, and Five Guys joins Shake Shack as the newest popular American chain to expand to the country. Five Guys has previously opened stores in China, Singapore, and several other countries across Europe and Asia, per its website.

Persons: —, Karl Kim, Kim, South Korea Philip Goldberg, Il Ryu Organizations: Service, Washington, South Korean, Korea Herald, China Morning, Dangguen Market, Washington Post, South, Twitter Locations: South Korea, Korea, Seoul Monday, China, Singapore, Europe, Asia

☆ Billionaire investor Marc Andreessen says the best startup founders have these 3 traits
▼ + stars: | 2023-06-29 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The pair discussed a wide range of topics including the rise of AI and the history of Silicon Valley. Andreessen gave a set of traits that he thinks the best founders in Silicon Valley share. Billionaire tech investor Marc Andreessen says the best startup founders in Silicon Valley share a few important traits. Overall, he said he believes the best founders are "some combination" of super-smart, super-energetic, and super-courageous. The best founders are capable of dealing with lots of rejection, he said.

Persons: Marc Andreessen, Lex Fridman, Andreessen, Fridman, Andreessen Horowitz Organizations: Billionaire, Netscape Locations: Silicon Valley, Silicon

☆ Hasbro is bringing back the Furby again. But this time they'll have an off switch.
▼ + stars: | 2023-06-25 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Hasbro is releasing a new Furby for the 25th anniversary of the toy's original release. Furbys were popular in the late '90s, selling 40 million toys in the first three years. Addressing the fears of those that remember, the Amazon listing confirms: Furby will have an off switch. Hasbro recently announced the 25-year anniversary redesign and return of the Furby, everyone's favorite (or least favorite) nonsense-spouting, fuzzy, chatterbox hamster-owl-creature-thing. Furbys were immensely popular when released in 1998, selling 40 million units in the first three years.

Persons: Furby, —, Furbys, Chucky, Damian Dovarganes, Adam Sandler's, hashtag, it's Organizations: Hasbro, Service, NSA, Tiger Electronics, Wall Street, Wall Street Journal Locations: TikTok

☆ Bomb threats demanding ransom payments are a new headache for retailers including Walmart, Kroger and Whole Foods, report says
▼ + stars: | 2023-06-25 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

A spate of retailers have been hit by bomb threats in recent months, The Wall Street Journal reported. Retailers affected included Walmart, Kroger, and Whole Foods, the Journal reported. Walmart, Krogers, and Whole Foods stores across the country are among those targeted with threats and ransom demands this year. Whole Foods recently told managers to go over bomb threat protocols with employees, according to a memo seen by the newspaper. A group of Target stores across several states were evacuated earlier this month after bomb threats were sent to local news outlets.

Persons: —, Rodney McMullen, Kroger Organizations: Street Journal, Walmart, Kroger, Foods, Service, America's, Meijer, Apple, FBI Locations: Chicago, bitcoin, New Mexico, Wisconsin, Grafton , Wisconsin, Grafton

☆ $1.27 million is the magic number for retirement, Americans say. The average person has just 7% of that saved.
▼ + stars: | 2023-06-25 | by ( Aaron Mcdade | Madison Hoff | ) www.businessinsider.com time to read: +4 min

Americans on average have saved a fraction of what they think they'll need to "retire comfortably." A new study from Northwestern Mutual found that many age groups think they'll need over $1 million. People have saved 3% to 12% of their retirement goal, depending on which age group you look at. "At the end of the day, the 'magic number' for retirement savings and retirement age are personal for each of us," Kyle Menke, CEO of Menke Financial, a Northwestern Mutual firm, told Insider in an email. "It's clear that rising prices are impacting people's expectations for retirement savings," Menke said.

Persons: —, Kyle Menke, Menke, Gen Z, Xers, you've, they're, Gen X Organizations: Northwestern Mutual, Service, Privacy, Northwestern, Menke, of Labor Statistics

☆ The value of Elon Musk's SpaceX may rise with new $750 million fundraising effort, reports say
▼ + stars: | 2023-06-24 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Elon Musk's SpaceX is reportedly looking to fundraise through a new sale of employee shares. The sale could value SpaceX at $150 billion, according to Bloomberg and the Wall Street Journal. Reports put the share price in the $80 range as the company looks to raise about $750 million. SpaceX is considering a new fundraising effort through a sale of employee stock shares, which would value the company at about $150 billion. The round of share sales would reportedly put Elon Musk's space exploration company at about $80 or $81 per share.

Persons: Elon, Musk, Ashlee Vance Organizations: SpaceX, Bloomberg, Wall Street, Morning, Street, NASA, Investors, Federal Aviation Administration Locations: United States

☆ Sam Bankman-Fried shot a MasterClass video about crypto trading months before FTX collapsed, report says
▼ + stars: | 2023-06-24 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

FTX cofounder Sam Bankman-Fried shot a MasterClass video on crypto last year, per The New York Times. He recorded the video last summer, months before FTX collapsed, according to the report. FTX cofounder Sam Bankman-Fried is thought to have shot a video for MasterClass, which offers classes taught by celebrity experts, just months before his crypto exchange collapsed. The existence of Bankman-Fried's MasterClass had only been a social media rumor around the time FTX collapsed prior to The Times' report. MasterClass, Bankman-Fried and Kives did not immediately respond to requests for comment from Insider, made outside normal working hours.

Persons: Sam Bankman, FTX, MasterClass, SBF's, Fried, Michael Kives, Kives, Crypto, Changpeng Zhao, Emilie Choi, Paul Krugman, Chris Dixon, Coinbase, Gordon Ramsay, Garry Kasparov, Margaret Atwood, Fried's MasterClass, Katy Perry, Orlando Bloom, Bill Clinton, Elon Musk, Leonardo DiCaprio, Ron DeSantis Organizations: New York Times, Morning, Hollywood, Bankman, MasterClass, Times, Alameda Research Locations: MasterClass, Alameda

☆ The 10 best states to live in as a working father, according to a new study
▼ + stars: | 2023-06-17 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +2 min

WalletHub released a study ahead of Father's Day on the best states to live as a working dad. The study was released ahead of Father's Day, which is this Sunday (still time to get a gift!). Analyzing about two dozen factors, WalletHub worked to find which state's working fathers were in the best circumstances. Child care: Average cost of child care, quality of day care services, availability of pediatricians, and quality of school systems. Here's the top 10 states for working fathers, according to WalletHub:

Persons: WalletHub, — Organizations: Service, of Labor Locations: Massachusetts, Washington, Connecticut, Connecticut , New Hampshire, Wisconsin, New Mexico , Mississippi, Louisiana

☆ Twitter has gotten away with not paying music publishers for copyrighted songs for years. A $250 million lawsuit might change that.
▼ + stars: | 2023-06-15 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +5 min

A group of music publishers filed a lawsuit Wednesday alleging "massive" copyright infringement. With violations of about 1,700 songs up to $150,000 each, the lawsuit could total about $250 million. A group of music publishers allege Twitter has allowed "massive" copyright infringements to happen, and claim the company profits from it. However, the music copyright suit only partially relates to Musk's ownership, and has been years in the making. The suit from a group of 17 music publishers, all members of the National Music Publishers' Association, alleges Twitter has operated for years as the only major social media platform that does not pay licensing fees to music labels to have their copyrighted music on their platform.

Persons: Twitter, Musk, Rihanna, Beyonce, Getty, Elena di Vincenzo Organizations: Morning, Twitter, National Music Publishers ' Association, YouTube, Facebook, Universal, Sony, Warner, The New York Times, The Times Locations: Tennessee, San Francisco

☆ Starbucks ordered to pay $25 million to ex-manager who claimed she was fired because she was white
▼ + stars: | 2023-06-14 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Starbucks was ordered to pay $25.6 million in damages to a former employee this week. Shannon Phillips claimed she was fired from her role as a regional director because she was white. After a 2018 viral video, Phillips pushed back on disciplining a white manager who wasn't involved, she said. The director — who disagreed with Starbucks' handling of the issue that triggered a nationwide discussion on race — had claimed in a lawsuit that she was fired because she was white. She disputed that the white district manager was involved, said she had no performance-based reason to suspend him, and said the store in question was overseen by a Black district manager who was not facing discipline, she said in the suit.

Persons: Shannon Phillips, Phillips, wasn't, —, Kevin Johnson, Laura Carlin Mattiacci, Aaron McDade Organizations: Starbucks, Service, Court, Philadelphia Starbucks, Employees, CNN, New York Times Locations: Philadelphia, New Jersey, Ohio, Black

☆ Someone making $150,000 in NYC can save nearly $50,000 by moving to Miami, one study says
▼ + stars: | 2023-06-11 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Moving from New York City, Chicago, or San Francisco to Miami could save high earners thousands. Those making $650,000 or more could save up to $200,000 moving from NYC to Miami, a new study found. Those earning north of $150,000 per year could save anywhere from $2,000 to nearly $200,000 in a move from major metropolitan areas like New York City, Chicago, or San Francisco to Miami, a new study found. In the most extreme cases, New Yorkers making $650,000 or more could save nearly $200,000 per year in tax and cost of living savings living in Miami instead. In total, a Chicagoan moving to Miami will only save 1% or 2% of their yearly salary, while people moving from San Francisco to Miami would save about a quarter of their income.

Persons: SmartAsset, Peter Thiel Organizations: Savings, Miami Locations: New York City, Chicago, San Francisco, Miami, NYC, Florida, New York, York City

☆ Mark Zuckerberg's net worth has dropped from $118 billion to $96 billion since he rebranded Facebook as Meta
▼ + stars: | 2023-06-10 | by ( Beatrice Nolan | Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Meta stock, which accounts for most of Zuckerberg's wealth, plummeted initially, but has rebounded some. It's been almost two years since Mark Zuckerberg rebranded Facebook as Meta to reflect his company's push into the so-called metaverse. Zuckerberg was worth $118 billion on October 28, 2021 — the day the Meta rebrand was announced — according to the Bloomberg Billionaires Index. His net worth has recovered from a low of about $37 billion in October 2022, around the one-year anniversary of the Meta rebrand. Meanwhile, Zuckerberg's wealth peaked at $142 billion in September 2021, according to the Bloomberg rankings, putting him among the richest people in the world.

Persons: Mark Zuckerberg, It's, Meta —, Zuckerberg, that's, Meta, Elon Musk, Bernard Arnault Organizations: Facebook, Meta, Bloomberg, Apple, Vision Locations: Meta's

☆ It could take another 33 years before women are paid the same as men, a new analysis shows
▼ + stars: | 2023-06-10 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The 60th anniversary of the Equal Pay Act prompted a new analysis of the gender wage gap. It found an estimated $61 trillion in wages lost by working women since the Act was passed. The wage gap may not be closed until 2056, according to the Center for American Progress. In 2021, the Census found that full-time working women made about 84 cents for every dollar men made, and wages for all working women sat around 77 cents per dollar. Various factors contribute to the wage gap, from unconscious biases about mothers in the workplace to an overrepresentation of women in lower-paying jobs like teaching, and the fact that the wage gap tends to increase for women as they age, per Census data.

Persons: —, Latina Organizations: Center for American Progress, Service, CAP

☆ Listening to vulgar music that others can hear at work? You might be harassing your coworkers, a federal judge ruled
▼ + stars: | 2023-06-10 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +5 min

A US appeals court ruled that offensive music played loudly in the workplace may violate sex discrimination laws. A 2020 lawsuit against a Nevada company alleged that complaints about offensive music were ignored. That's the opinion of M. Margaret McKeown, an appeals court judge in the US Court of Appeals for the Ninth Circuit. Employees' complaints to management about the music being played loudly throughout the Nevada warehouse were allegedly ignored, according to the suit. Therefore, music with that language being played loud enough for dozens of employees to hear could qualify as grounds for claim of workplace harassment.

Persons: —, Margaret McKeown, McKeown, Eminem, Lil Wayne, Stan, Judge McKeown, wasn't, Activewear Organizations: Service, Appeals, Ninth Circuit, Civil, Employment, Commission, Wall Street Locations: Nevada

☆ A sushi chain is suing a teen who licked a soy sauce bottle for nearly half a million dollars. His lawyer argues the teen never meant for footage of the incident to go viral.
▼ + stars: | 2023-06-10 | by ( Lina Batarags | ) www.businessinsider.com time to read: +2 min

In a viral video, the teen was licking a soy sauce bottle and touching sushi. It's not an isolated incident: Sushi terrorism is on the rise. Food and Life Companies, which owns Akindo Sushiro, is worth $363.8 billion. Akindo Sushiro operates 610 branches in Japan and employs more than 47,000 people across full-time and part-time roles. A spokesperson for Akindo Sushiro declined Bloomberg's request for comment.

Persons: —, Akindo Sushiro, Insider's Aaron McDade, Sushiro Organizations: Service, Food, Life Companies, NHK, Japan's, China Morning Post Locations: Japan, Osaka, China

☆ New York City files lawsuit blaming Hyundai, Kia for 'spiraling epidemic' of car thefts after 'Kia boys' viral TikTok thefts cause spike in stolen cars
▼ + stars: | 2023-06-08 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +6 min

New York City joins a growing list of cities and states taking legal action against Kia and Hyundai. New York City has joined a growing list of cities and states to take legal action against Hyundai and Kia. TikTokers have suggested a "hack" to get a Kia or Hyundai car started without the key. In New York City, the suit cited, Kia thefts increased about 241% between 2021 and 2022. Hyundai thefts similarly increased by 179%.

Persons: Kia, Kias, Louis, Hyundais, TikTokers Organizations: Kia, Hyundai, Morning, Progressive, European Union, America, New York Police Department, Mercedes, Apple Locations: York City, New York City, Cleveland, Milwaukee, San Diego, Columbus, St, Seattle, New York, Canada

☆ Americans are tipping less often than ever. Nearly 1 in 3 say tipping culture is 'out of control.'
▼ + stars: | 2023-06-08 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Americans say they are tipping workers less often over the last 3 years. A new survey from Bankrate shows that people are getting increasingly frustrated with tipping. Among the 2,400 people who took part in a new survey from Bankrate, two-thirds said they have at least one negative opinion of tipping, with 30% saying they believe tipping culture has gotten "out of control" in recent years. "Few topics elicit as many passionate opinions as tipping," Bankrate senior industry analyst Ted Rossman said in a post about the survey. Only half of the 2,400 people said they always tip food delivery people, along with 40% that always tip taxi, Lyft, or Uber drivers.

Persons: Zers, —, Ted Rossman, Gen Zers, McDonald's Organizations: Service, Baltimore Apple, Walmart Locations: Bankrate, Colorado

☆ 'That's on me': Warner Bros Discovery CEO sends email to CNN employees taking responsibility for Chris Licht disaster
▼ + stars: | 2023-06-07 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Chris Licht is leaving his position as CEO of CNN after a tumultuous year in charge. CNN's parent company, Warner Bros. Warner CEO David Zaslav told employees in an email and a morning newsroom call he was taking responsibility for Licht's mistakes. CNN is once again searching for a new top executive just over a year after departing CEO Chris Licht took the job — and David Zaslav, CEO of CNN's parent company Warner Bros. Read the full memo Zaslav sent to CNN staff that was reported by Tani here:Spokespeople for CNN and Warner Bros.

Persons: Chris Licht, David Zaslav, Licht's, Puck's Dylan Byers, Zaslav, Semafor's Max Tani, Don Lemon, Brian Stelter, Donald Trump, Licht, Jeff Zucker, Oliver Darcy, Jake Tapper, Anderson Cooper, Tani Organizations: CNN, Warner Bros, Discovery, Warner, Wall Street Journal Locations: Trump

☆ Egg prices are finally falling back to earth after nearing $5 a dozen earlier this year
▼ + stars: | 2023-06-04 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Egg prices seem to be on track to dropping to normal levels across the US. Earlier this year, prices reached record highs of nearly $5 a dozen in some places. The US Department of Agriculture recently reported that wholesale egg prices have fallen to an average price anywhere from $1 to $1.40 across various regions of the country. Several grocery store executives also recently told the Wall Street Journal that egg prices should largely be under $2 per dozen across the US. Prices finally started to fall in recent months for eggs and other grocery staples like bacon, Insider previously reported.

Persons: —, Insider's Hannah Getahun Organizations: Service, US Department of Agriculture, Wall Street, Bureau of Labor Statistics, USDA

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