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☆ What life is like in the world’s happiest country, from a 28-year-old who left the U.S. for Finland
▼ + stars: | 2024-05-18 | by ( Jade Ventoniemi | ) www.cnbc.com time to read: +7 min

I feel so fulfilled by my life in Finland. I was introduced to cross-country skiing when I moved to Finland five years ago, and now it is one my favorite hobbies." Finland is the first place I lived after college and the first place my husband and I lived together. You can follow her journey and life in Finland on Instagram or TikTok. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Jade Ventoniemi, I've, Ventoniemi, Jade Organizations: Southern, NCAA, CNBC Locations: Finland, U.S, Florida, States, Lapland, Kuusamo, Southern USA, American, Lahti

☆ Why Warren Buffett's record $189 billion cash pile isn't the market-crash signal some say it is
▼ + stars: | 2024-05-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Berkshire Hathaway is sitting on a record pile of cash at $189 billion. Putting Berkshire's cash pile into perspectiveInstead of measuring Berkshire Hathaway's cash position on an absolute basis, investors are better off measuring the cash pile as a percentage of Berkshire's total assets, according to Bloomstran. Berkshire Hathaway's $189 billion cash is actually at a pretty normalized level, and well below its peak of nearly 40% in 2004. At the time, the S&P 500 was trading near record highs, Apple was the biggest company in the world, and Berkshire Hathaway's absolute cash pile was at a record. with regards to Berkshire's cash pile at this year's annual shareholder meeting, the legendary investor responded:Advertisement"We only swing at pitches we like."

Persons: Berkshire Hathaway, Chris Bloomstran, —, Warren Buffett, Buffett, couldn't, Semper Augustus, Bloomstran, Berkshire Hathaway's, there's, Apple, He's, shouldn't Organizations: Service, Berkshire, Business, Berkshire Hathaway's, Apple Locations: Berkshire, That's

☆ I pay for Costco's $120 executive membership even though I only shop for 2. Here are some of my favorite things to get for breakfast.
▼ + stars: | 2024-05-18 | by ( Dominic Bucca | ) www.businessinsider.com time to read: +1 min

The Kirkland Signature smoked salmon and Boursin gournay cheese are delicious on toast. My wife loves mandarins and the Kirkland Signature creamy almond butter. We pay $120 for an executive Costco membership, which saves us money by giving us up to $1,000 back on qualified purchases each year. Since I work from home and my wife is a teacher, we prioritize buying quick, nutritious breakfast items we can grab before the workday starts. Here are 10 breakfast items we always keep on hand.

Persons: mandarins, — Organizations: Costco, Kirkland, Service, Business

☆ A renowned market bear who called the dot-com bubble warns Wall Street groupthink is wrongly leading investors to abandon recession forecasts — and says a 'policy disaster' is brewing as the Fed keeps
▼ + stars: | 2024-05-18 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Various labor market indicators are also showing growing weakness in the economy, he said. Societe GeneraleNational Federation of Independent Business data shows further labor market weakness is likely to come, as small business hiring plans continue to fall. Both stats would suggest a rising unemployment rate going forward. In the meantime, the labor market has consistently proven resilient despite high interest rates, and stocks have enjoyed an eye-popping rally to new highs. Some also argue that labor market data points like the rising unemployment rate have to be shown with context.

Persons: —, Albert Edwards, didn't, Edwards, aren't, we'll, Societe Generale Edwards, Bob Elliott, groupthink Edwards, Alan Greenspan Organizations: Service, Societe Generale, Wall, Business, Societe Generale National Federation of Independent Business, ING, Generale, Unlimited Partners, Bridgewater Associates, of Labor Statistics, Tech

☆ For working moms, it's some good news and some bad news
▼ + stars: | 2024-05-18 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Read previewFor working mothers, it can sometimes feel like even when there's good news, there's also bad news. Just this week, several stories drove home some of the things that parents and working women already have sensed. But it's a good signal for working moms. The chart shows that since 2015, the percentage of women working across all those groups has gone up in the last 10 years. It's that same mix for the state of working moms — not all good, but not all bad.

Persons: —, there's, Emily McCrary, Ruiz, Esparza, Hewlett Packard, That's, it's, Rachel M, Cohen Organizations: Service, Business, Hewlett, Bloomberg, Free, New York Times Reading

☆ I toured the 600-room hotel with a pool and gym that American built exclusively for its employees — see inside Skyview 6
▼ + stars: | 2024-05-18 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

American Airlines opened a $250 million employee-only hotel at its Texas headquarters in 2023. The hotel features 600 rooms and numerous amenities, like a gym, an outdoor pool, and a cafeteria. The "hospitality complex" is a central space where employees can work, meet, study, and socialize. AdvertisementAmerican Airlines spent $250 million to build an employee-only hotel at its sprawling Texas headquarters that opened in January 2023. Eligibility extends to employees at American's mainline operation and its wholly-owned subsidiaries like Envoy Air, Piedmont Airlines, and PSA Airlines.

Persons: — Organizations: American Airlines, Service, Envoy, Piedmont Airlines, PSA Airlines, Business Locations: Texas, Dallas, Fort Worth

☆ Low-income Americans wait years to get housing vouchers that are often impossible to use. Fixing the system could mean more funding and less red tape.
▼ + stars: | 2024-05-18 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

The federal Housing Choice Voucher Program, also known as Section 8, is also the biggest, aiding about 5 million people in 2.3 million households. While it's illegal in some places to discriminate against voucher holders, the practice isn't outlawed everywhere. Fully funding housing vouchers would mean many more housing-insecure and unhoused people would get help. Related storiesIn its budget for fiscal year 2025, the Biden administration requested a $2.5 billion increase for voucher funding over 2023 levels. Researchers at the Department of Housing and Urban Development have proposed piloting a direct cash transfer program for rent as an alternative to housing vouchers.

Persons: Will Fischer, Biden, Jenny Schuetz, isn't, Lindsey Nicholson, Michael Stegman, Stegman, Tara Radosevich, Fischer, Schuetz Organizations: Service, Business, of Housing, Urban Development, Budget, Harvard, The New York Times, Republicans, Brookings Institute, Getty, Urban Institute, HUD, Washington State, Department of Housing Locations: —, Los Angeles, Fort Worth, Philadelphia, Iowa, Long Island City, Queens, Oregon

☆ More than 250 passengers taken ill after suspected 'vomiting bug' outbreak aboard cruise ship, report says
▼ + stars: | 2024-05-18 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

More than 250 passengers on a P&O cruise ship have fallen ill with suspected norovirus. A source said guests had been "throwing up in public spaces" around the ship. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHundreds of holidaymakers on board a P&O cruise ship have been taken ill with suspected cases of norovirus. The unnamed source said there had been 250 suspected cases in the last four days, adding that guests had been "throwing up in public spaces" around the vessel.

Persons: norovirus, — Organizations: Service, O's, Business Locations: Ventura, Southampton

☆ Trump-era tax cuts set to expire after 2025 — here's what you need to know
▼ + stars: | 2024-05-18 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

The TCJA reduced federal income tax rates across the board, with the top rate falling to 37% from 39.6%. That would return the federal income tax rates to 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. In the meantime, some higher earners have been leveraging lower income tax rates through 2025 by incurring income now, experts say. The standard deduction could fallWhen filing taxes, you claim the standard deduction or itemized deductions, whichever is greater. Before 2018, about 70% of taxpayers claimed the standard deduction, compared with 90% in tax year 2020, according to the Tax Policy Center.

Persons: Donald Trump, Michael M, Erica York, Roth, it's, Gleckman, Robert Dietz Organizations: Santiago, Getty, Tax, Center, Federal Tax, Senate, Bernstein Private Wealth Management, CNBC Locations: Wildwood Beach, Wildwood , New Jersey, California , New Jersey, New York, Minneapolis

☆ I used Amazon Showroom to design my office. The under-the-radar tool helped me save money, but it was far from perfect.
▼ + stars: | 2024-05-18 | by ( Emma Kershaw | ) www.businessinsider.com time to read: +1 min

I used Amazon Showroom to design my home office, and the experience was just OK. It allows users to select furniture in a virtual room, which was helpful when visualizing my design. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ Two House Republicans are dating. Here are four other couples who have dated — or married — while in Congress.
▼ + stars: | 2024-05-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Two sitting House Republicans are dating each other — and one of them is getting a divorce. It's not the first time two lawmakers have dated while serving in Congress together. On Friday, Rep. Beth Van Duyne of Texas confirmed to the Daily Mail that she's "happily engaged in a relationship" with Rep. Rich McCormick of Georgia. That's appeared to cause some trouble back home for McCormick: according to the Daily Mail, his wife filed for divorce earlier this month. Van Duyne — who's been divorced for over a decade — told the outlet that the congressman's marriage has "been over for quite some time as I understand it."

Persons: It's, —, Beth Van Duyne, Rich McCormick, That's, Van Duyne, who's Organizations: Republicans, Service, House Republican, Daily Mail, McCormick, Business Locations: Texas, Rich McCormick of Georgia

☆ The Magnificent 7 companies are worth a combined $14 trillion — here's how much their CEOs make
▼ + stars: | 2024-05-18 | by ( Ana Altchek | Jyoti Mann | ) www.businessinsider.com time to read: +1 min

The "Magnificent Seven" companies include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Here's who earns the most, how much they all made last year, and how it breaks down. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe "Magnificent Seven" companies — Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla — have a combined value of nearly $14 trillion.

Persons: Tesla, trillions, Here's, —, Tim Cook's, Andy Jassy Organizations: Apple, Meta, Microsoft, Nvidia, Service, Big Tech, Business

☆ The model for NATO defending Ukrainian airspace from Russian attacks already exists, says German politician
▼ + stars: | 2024-05-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Germany is showing cross-party support for defending Ukraine's border regions from NATO territories. A German politician said the Western defense of Israel from Iran is a blueprint for protecting Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Western response to Iran's barrage of attacks against Israel represents a potential model for defending Ukraine's border regions from NATO territories, a German politician has said. Calls have been growing for NATO countries to use air defenses based in eastern Europe to take down Russian missiles and drones targeting Ukraine.

Persons: —, Anders Fogh Rasmussen Organizations: NATO, Kyiv, Service, NATO's, Business Locations: Germany, Ukraine's, Israel, Iran, Ukraine, German, Europe, Poland, Romania

☆ A guide to every pop song that gets a classical cover on season 3 of 'Bridgerton'
▼ + stars: | 2024-05-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

"Bridgerton" season three focuses on Colin and Penelope's love story. The latest batch of episodes of the Regency-era show includes several instrumental pop covers. Part one features covers of Taylor Swift's "Snow on the Beach," BTS' "Dynamite," and more. "Bridgerton" is back with more romance, drama, and, of course, classical covers of the biggest pop songs. Season three, which focuses on Colin Bridgerton (Luke Newton) and Penelope Featherington's (Nicola Coughlan) friends-to-lovers relationship, features recognizable tracks revamped to fit into the Regency era.

Persons: Colin, Taylor, —, Colin Bridgerton, Luke Newton, Penelope Featherington's, Nicola Coughlan Organizations: Service, Business

☆ 30 celebrity pairs you didn't realize were best friends
▼ + stars: | 2024-05-18 | by ( Kim Renfro | Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

There are many famous dynamic duos who people might not realize are best friends. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCelebrities know just how nice it is to have friends on the inside in Hollywood. This story is available exclusively to Business Insider subscribers.

Persons: Matthew McConaughey, Guy Fieri, Taylor Swift, Emma Stone, Leonardo DiCaprio, Tobey Maguire, —, Matt Damon, Ben Affleck's, costars Jennifer Aniston, Courteney Cox Organizations: Service, Business Locations: Hollywood

☆ It's going to be a long summer for the stock market
▼ + stars: | 2024-05-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The stock market is headed for a disappointing few months. And I think we should also be prepared to see some nasty aggressive selloff along the way," Morrison said. "Political volatility is, in itself… going to trip over stock market volatility," McGough warned. More extreme forecasters have predicted a market crash as steep as 65%, as equities mirror previous bubbles. You're probably going to come back without the material move one way or the other," McGough said.

Persons: there's, —, David Morrison, Morrison, Will McGough, McGough Organizations: Service, Wall Street, Business, Trade, Dow Jones Industrial, Federal Reserve, Prime Capital Investment Advisors, Fed, New York Fed, Treasury

☆ Photos: Inside Time-Capsule Farmhouse That Was Abandoned 50 Years Ago
▼ + stars: | 2024-05-18 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Photographer Bryan Sansivero was commissioned to photograph an abandoned farmhouse on Long Island. It was built in the 1860s and was abandoned a century later — it hasn't been touched for 40 years. AdvertisementWhen photographer Bryan Sansivero was commissioned to photograph a house in Commack, New York, he found a home frozen in time. The property, which has been abandoned for at least 50 years, is known as the Marion Carll Farm. This story is available exclusively to Business Insider subscribers.

Persons: Bryan Sansivero, —, Marion Carll, Sansivero Organizations: Service, Business Locations: Long, Commack , New York, Marion

☆ Warren Buffett warned AI is like the atomic bomb, but this expert thinks he's being way too gloomy
▼ + stars: | 2024-05-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett's warning that AI is like the atomic bomb is too negative, one expert says. AI could free human workers to create things and solve problems instead of replacing them, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The elite investor compared AI to the atomic bomb during Berkshire Hathaway's annual shareholder meeting this month. This story is available exclusively to Business Insider subscribers.

Persons: Warren, Babak Zafari, —, Buffett, we'd Organizations: Service, Business Locations: Berkshire

☆ How Spirit AeroSystems fits into Boeing's rebound plan
▼ + stars: | 2024-05-18 | by ( Erin Black | ) www.cnbc.com time to read: +1 min

And in an effort to correct manufacturing flaws and get production back on track, it announced it's in talks to buy fuselage maker Spirit AeroSystems — a company that Boeing spun off in 2005. Spirit AeroSystems, which is not to be confused with Spirit Airlines, is one of the biggest aerostructure companies in the world with many locations around the globe. "Spirit provides 100% of the fuselages for the world's second-most popular aircraft, the 737. " Over the past few years, there have been a series of manufacturing flaws that have come out of the Spirit AeroSystems factory on some fuselages that are going to Boeing. Spirit, however, also supplies parts to Airbus and other plane manufacturers, making the deal a little complex.

Persons: Max, Kevin Michaels Organizations: Boeing, Airbus, Spirit Airlines

☆ I spent an afternoon in Scottsdale, Arizona's most elite neighborhood, where homes cost up to $50 million. It felt like a private small town.
▼ + stars: | 2024-05-18 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

DC Ranch is the priciest neighborhood in Scottsdale, Arizona, with an average home price of $3.3 million. I got an exclusive tour of the neighborhood and thought it felt like a small town. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe most expensive neighborhood in Scottsdale, Arizona, is a sprawling, 4,400-acre community with four villages packed with mansions, condos, and businesses lining the McDowell Mountains. Known as DC Ranch, the neighborhood has an average listing price of $3.5 million, according to Realtor.com.

Persons: —, It's Organizations: Service, DC, Business Locations: Scottsdale , Arizona

☆ Tattoo artist Shani Louk became a symbol of the music festival massacre by Hamas. The IDF has finally recovered her body.
▼ + stars: | 2024-05-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Read previewThe Israel Defense Forces recovered three hostages' bodies from the Gaza Strip, the Israeli military announced on Friday. Shani Louk became a symbol of Hamas' October 7 terrorist incursion into Israel after photos and video footage of her body being abducted went viral. AdvertisementLouk's father, Nissim Louk, spoke of the "relief" of finally having secured the body of his 22-year-old daughter. Hamas militants drive back to the Gaza Strip with the body of Shani Louk. AdvertisementOn October 7 Hamas militants also seized 252 hostages in Israel; 129 hostages are still in captivity in the Gaza Strip, according to Israeli broadcaster Kan.

Persons: —, Daniel Hagari, Shani Louk, Amit Buskila, Yitzchak Gleren, Nissim Louk, Ali Mahmud, Shani, Louk's, Ali Mahmud More, Kan Organizations: Service, Israel Defense Forces, ISA, Business, Nova, Daily, Press, Reynolds Journalism, Hamas, AP, UN Office, Humanitarian Affairs Locations: Gaza, Israel, Kibbutz Re'im, of Israel

☆ Trim Alphabet, buy Microsoft: How major hedge funds invested in tech during the first quarter
▼ + stars: | 2024-05-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Hedge funds took a diversified approach to technology investing in the first quarter as the sector built on its 2024 rally. Both Appaloosa and Coatue trimmed stakes in Nvidia during the period, with the latter shrinking his stake by 68% to $1.25 billion. Stanley Druckenmiller told CNBC last month that he cut his Nvidia stake in late March and called AI a "little overhyped" in the short run. Apple caught renewed attention from Viking Global and cuts from Coatue and Warren Buffett's Berkshire Hathaway. Coatue, Third Point, Viking Global and Tiger Global upped their Amazon stakes, while Appaloosa and D1 Capital trimmed their holdings.

Persons: Michael Burry, Ole Andreas Halvorsen zeroed, David Tepper's, Chase, Seth Klarman's Baupost, Dan Sundheim's, Phillippe Laffont's Coatue, Dan Loeb's, Halvorsen, Tepper, Sundheim, Laffont, Brad Gerstner, Stanley Druckenmiller, Warren Buffett's Berkshire, Coatue Organizations: Technology, Nasdaq, Nvidia, Meta, Capital, Microsoft, Street's, CNBC, Apple, Viking Global, Warren Buffett's Berkshire Hathaway, Tiger Global Locations: Coatue, Warren

☆ Media giants lean on sports as Hollywood strikes still loom over content slates
▼ + stars: | 2024-05-18 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Media giants relied on sports last year when they had to woo advertisers during the Upfronts meeting week at a time when a Hollywood strike and cost cutting bit into their content and star power. This year, while stars once again graced the stages following the end of the strikes, the presentations still leaned more on sports than scripted shows. The hangover from last year's work pause meant some media companies had fewer series and movies to highlight during their presentations. He noted two key issues for the traditional media companies: the decline of traditional TV and the increasing fees companies have to pay to air live sports. "If you're going to maintain a reduced level of content spending, by definition, that means your entertainment programming has to be reduced," Rogers said.

Persons: Brock Purdy, Tom Rogers, Rogers Organizations: San Francisco 49ers, Kansas City Chiefs0, Las Vegas , Nevada . Media, Hollywood, Disney, Warner Bros, Oorbit Gaming, Entertainment, NBC Cable Locations: Las Vegas , Nevada

☆ Photos show Mount St. Helens, the most disastrous volcanic eruption in US history 44 years ago
▼ + stars: | 2024-05-18 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +1 min

When Mount St. Helens erupted on May 18, 1980, it caused enormous devastation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn May 18, 1980, Don Swanson placed a frenzied call to his wife to let her know that he was OK. "That's nice," she said, unconcerned. At 8:32 a.m. Pacific Time that day, a magnitude 5.1 earthquake had shaken Mount St. Helens, leading to its eruption. This story is available exclusively to Business Insider subscribers.

Persons: —, Don Swanson, Mount Organizations: Service, Business Locations: St, Helens, Mount St

☆ Sam Altman has found himself using GPT-4o in a 'surprisingly cool' way while working
▼ + stars: | 2024-05-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

OpenAI announced its latest flagship model, GPT-4o, on Monday. CEO Sam Altman says he's found a helpful way to use the AI while working. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . OpenAI CEO Sam Altman has also found it helpful in another way, as he outlined during an episode of the podcast The Logan Bartlett Show published Tuesday. This story is available exclusively to Business Insider subscribers.

Persons: OpenAI, Sam Altman, he's, —, Logan Bartlett Organizations: Service, Business

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