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At the end of 2022, Tulsa Remote had brought in almost $307 million in direct labor income to the economy, according to Tulsa Remote. For every two Tulsa Remote members who move to the city, three more come with them. But what happens to the rest of the economy when remote workers come to town? Remote workers coming to town benefited high-skilled local service workers — workers who have at least some college education — more, per the research, since they had more variety in local goods to choose from and consume and are making more money. “There are people who definitely get more benefit out of it, like homeowners or the local service sector workers,” Yoo said.
Persons: that's, Hoyoung Yoo, Justin Harlan, Yoo, ” Yoo, That’s, , , Parker Vincent, ” Vincent, There’s, “ I've, Noah Sheidlower, Laura Landers, Harlan, Tulsa Remoters, , didn't, ” Harlan, Vincent, Organizations: Tulsa Remote, Tulsa, Brookings, of Economics, University of Wisconsin Locations: Tulsa , Oklahoma, Tulsa, Madison, , Los Angeles,
In today’s big story, we’re looking at the chances of there being no rate cuts this year, and how the markets would react. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyCuts are canceledAaron Schwartz/Xinhua via Getty ImagesDon't count your chickens before they hatch and don't price in your rate cuts before they materialize. Last December, Fed Chair Jerome Powell signaled that three cuts were on the table for 2024, which he reiterated earlier this month. AdvertisementBonds could struggle, though, with further delays on rate cuts raising the risk that debt markets suffer another meltdown like they did last fall.
Persons: , Mark Zuckerberg, Aaron Schwartz, , won’t, Jerome Powell, Phil Rosen, There's, BI’s Yuheng Zhan, NYCB’s, Ark's Cathie Wood, Paul Judge, Tessa Flippin, Claude Grunitzky, Gayle Jennings O'Byrne, Black VCs, Masayoshi Son, OpenAI’s, Jenny Chang, Rodriguez, Vladimir Putin, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, UFC, Business, Xinhua, Getty, Federal, Paramount, Fed, Big Tech, JPMorgan Private Bank, Discover, Discover Financial, Nvidia, Opportunity, Equity Alliance, Wocstar Fund, Opportunity Fund, Equity Alliance Wocstar, Google, Walmart, Pandora, Home Locations: Japan, Ukraine, Moscow, Russia, Fox, New York, London, Chicago
Target fired me after I allowed one of my baristas to buy a Stanley x Starbucks cupI never even bought a Stanley cup for myself — I hate the cups if we're being honest. Getting fired emotionally destroyed me because I'd spent the past eight months putting all of my time and energy basically rebuilding the store’s entire Starbucks team. I would go on Indeed.com and apply for every single job that I qualify for — and jobs I was overqualified for. Now I'm going to look at every single job as a means to an end. I'm going to make sure I read every single page of that employee handbook, and if there's something I don't understand, I'm going to get clarification on it.
Persons: Nikcole Smith, I'd, I’ve, Burger King, I’d, I've, I'm, they've Organizations: Starbucks, Target, Stanley, Business, Medicaid, Walgreens Locations: Baltimore , Maryland, Indeed.com, Burger
Though Ozzy Osbourne left Black Sabbath in 1979, his wife, Sharon Osbourne, told Billboard any songs the band wrote — Osbourne, Tony Iommi, Geezer Butler, and Bill Ward — require the approval of all four members to license. Regardless of the social media feud, legal experts say if true, the unauthorized use of the samples would be a “clear-cut” case of copyright infringement. He didn't dispute it,” entertainment attorney Donald M. Woodard of Carter and Woodard told Business Insider. AdvertisementOsbourne's recent objection to West's sample would be considered a new copyright claim, as the license for use does not permit West to sample the song in perpetuity. In 2022, Chicago artist Marshall Jefferson accused the rapper of using his song “Move Your Body” in the West song “Flowers” without permission.
Persons: , Ty Dolla, West —, Ye —, Ozzy Osbourne, Donna Summer, West …, Donna Summer's, , Osbourne, West swiped, Ye, Kanye, Hitler West, he'd, Instagram, Alex Jones, Hitler, Sharon Osbourne, — Osbourne, Tony Iommi, Geezer Butler, Bill Ward —, Rolling Stone, FUGA, Tyrone William Griffin Jr, — hasn't, Sharon, Bianca Censori —, Ozzy, who's, I've, Donald M, Woodard of Carter, Woodard, West, ” Woodard, , Robert Freund, Freund, Marshall Jefferson, Griffin Organizations: Service, ign, Business, Billboard, West, iTunes, Apple Music, FUGA, Spotify, Amazon Music, Daily Mail, Kanye Locations: Chicago
Read previewThe Xbox Series S is on sale for cheaper than it was on Black Friday after reports Microsoft would share Xbox exclusives with other gaming platforms. The Xbox Series S, which normally retails at $299, is on sale at Target for $219, or about $80 off. The Series S is already the budget version of the current console, selling at a retail price of $200 cheaper than the Xbox Series X, which boasts higher-level graphics performance and more storage. The deal clocks in even lower than the lowest Black Friday deal for the console, which saw them going for $229.99 on sale at Dell, according to IGN. Sony has sold more than 50 million PlayStation 5 consoles since its release in November 2020, while the Xbox Series S and Series X have sold about 21 million units, IGN reported .
Persons: , Peter Kafka Organizations: Service, Microsoft, Target, Business, Dell, IGN, Xbox, Sony, Financial Times, PlayStation, Nintendo, Activision Blizzard, Netflix
NEW LOOK 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 . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.
Persons: , I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London
Read previewFormer Fox News personality Tucker Carlson is posting videos of himself experiencing various aspects of daily life in Moscow — and a moment involving Russian shopping carts has led to him being roasted on social media. AdvertisementTucker is excited that the Russians have figured out a way to keep homeless people from taking shopping carts. Although the shopping cart locks in Carlson’s video are far more widespread in Europe, they’re also a common sight at German-owned Aldi’s US stores. AdvertisementAn Aldi shopping cart in New York City. The shopping cart at the grocery store I go to allows me to scan items as I put them in the cart while shopping," X user EgilsRobs wrote.
Persons: , Tucker Carlson, Vladimir Putin, Carlson, , ” Carlson, Tucker, R5pJSDEDsf, Ron Filipkowski, “ He’s, @Brandon_Newton1, they’re, Talia Lakritz, George Herbert Walker Bush, EgilsRobs Organizations: Service, Fox News, Business, Critics, Aldi, Walmart, Costco Locations: Moscow —, Europe, New York City, Russian, American, Canada, Australia, Russia, America, Moscow
Read previewThe operator of dating platforms Tinder, Hinge, and OkCupid is being sued over claims it makes its apps addictive and puts profit over love. Match Group did not immediately reply to Business Insider’s request for comments. Speaking to the outlet, a spokesperson for Match Group denied the allegations, saying the case was "ridiculous and has zero merit." Match Group owns the largest global portfolio of popular online dating services, including Tinder, Match.com, OkCupid, Hinge, Plenty of Fish, OurTime, and other dating brands, per its website . The group has hundreds of millions of reported users across its platforms, per its latest business overview, published in August 2023.
Persons: Organizations: Service, Court, Northern, Northern District of, Business, NPR, Match Group Locations: Northern District, Northern District of California
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today’s big story, we’re looking at Google’s new internal AI model aimed at improving worker efficiency. The big storyAI assistanceCBS Photo Archive/Getty ImagesGoogle employees are getting an AI-powered wingman in the company’s bid to improve efficiency. Goose can answer questions about Google's tech and write and edit code, according to an internal summary of the model. Tech companies have tested inventions on their own employees for years in a process known as "dogfooding," writes BI's Alistair Barr.
Persons: , Denny's, customizations, Hugh Langley, Tom Cruise’s copilot, Alistair Barr, Tyler Lee, , Bryan R, Smith, Wall, Gary Gensler, We’re, Société, Elad Gil, Gil, ChatGPT, it’s, Uber, Nomura, Young homebuyers, Meredith Whitney, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, CBS, Getty, Microsoft, OpenAI, Tech, Google, Big Tech, Fed, UBS, SEC, Silicon Valley’s, BI, Xbox, Dragon, Workers, Wall Locations: China, New York, London
It is designed to assist with building new products, according to internal documents reviewed by Business Insider. “It can answer questions around Google-specific technologies, write code using internal tech stacks and supports novel capabilities such as editing code based on natural language prompts,” an internal summary of Goose reads. The documents note that the creation of Goose was a collaborative effort between Google Brain, DeepMind, and Google's internal infrastructure teams. And Goose isn't the only example of Google using AI to be more efficient. AdvertisementAnd if Googlers have specific development questions while using Goose, they're encouraged to turn to the company's internal chatbot, named Duckie.
Persons: , it’s, Gemini, , Ruth Porat, Goose, TKTKTK Goose, DeepMind, , Philipp Schindler, Business Insider’s, they're Organizations: Service, Business, Google, Microsoft
In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.
Persons: , Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London
Read previewThe Robert F. Kennedy Jr. -supporting Super Bowl ad that shook up the Kennedy family was backed by a tech-connected figure. This story is available exclusively to Business Insider subscribers. Advertisement"She's a very strong supporter of Robert F. Kennedy Jr.," Tony Lyons, a co-chairman of American Values 2024, told Business Insider on Tuesday. Kennedy, as Business Insider has previously reported, has made numerous false claims about vaccines and vaccine safety. Shanahan played a part in putting together the archival footage for the Kennedy ad.
Persons: , Robert F, Kennedy Jr, Kennedy, Nicole Shanahan, Sergey Brin, ” Shanahan, John F, Tony Lyons, Bobby Kennedy, Shanahan, Bobby Shriver, Kennedy’s, Lyons, husband Brin, Elon Musk, Brin, Musk, Neuralink Organizations: Service, The New York Times, Times, Business, RFK, PAC, People Magazine
Apple designer Bart Andre, who came up with former design chief Jony Ive, is retiring. The design team is crucial to Apple's high-profile launches, including its latest Vision Pro. Andre was one of the last remaining members of Ive’s former team, Bloomberg reported. AdvertisementIve’s departure in 2019 precipitated an exodus, Bloomberg reported, with many of the iPhone company's designers subsequently joining his design firm venture LoveFrom. AdvertisementApple's design team under Ive numbered roughly two dozen staffers, Bloomberg reported, obsessively crafting products like the AirPods and Apple Watch for years before they hit shelves.
Persons: Bart Andre, Jony, There's, , Andre, Evans Hankey, Colin Burns, Shota Aoyagi, Peter Russell, Clarke, Richard Howarth, Molly Anderson, Duncan Kerr, Jeff Williams, Tim Cook, Steve Jobs Organizations: Apple, Bloomberg, Service, Apple Vision, Journal, Apple Watch
NEW LOOK 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 . In today’s big story, we’re looking at why the recent resurgence of Vladimir Putin and Russia comes at an inopportune time for the markets. The big storyPutin's big weekRebecca Zisser/Business InsiderVladimir Putin hasn't notched many personal wins since Russia's invasion of Ukraine, but last week was an exception. Putin’s successes further complicate a geopolitical situation that has silently loomed over a US economy trying to tiptoe past a recession.
Persons: , florists, Vladimir Putin, Rebecca Zisser, Vladimir Putin hasn't, Tucker Carlson, he’s, Tom Porter, Carlson, Putin, Joe, Donald Trump, BI’s Brent D, Griffiths, Tom, GAVRIIL, Jamie Dimon, Ray Dalio, Jerome Powell, It’s, David Rosenberg, doesn’t, Alex Wong, Stocks, Savita Subramanian, Grammarly, Abanti Chowdhury, Zers, Temu, Sam Altman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, NATO, Sputnik, Kremlin, JPMorgan, Bridgewater Associates, Reserve, Federal Reserve, Bank of America, Labor Statistics, Tech, Chiefs, 49ers, World, Ferrari, Business Locations: Russia, Ukraine, Russian, Moscow, China, Israel, Gaza, Washington ,, New York, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTarget’s self-checkout reckoning continues as the retailer is cutting the hours of operation for self-service lanes at some of its stores. The move does not yet include all of the company’s nearly 2,000 locations, but employees told Business Insider that store staffing levels and sales volumes are key factors in the decision. In particular, Target is aiming to keep the percentage of overall store sales through self-checkout below a certain threshold, the workers said. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business, Target, BI, Workers, Walmart, Kroger Locations: Illinois, Oklahoma, Michigan
In today's big story, we're looking at the big business of the Super Bowl, from advertisers to the ultraweal thy . Developing and filming a Super Bowl ad typically runs 50% to 60% more than a regular one. AdvertisementFor some first-time Super Bowl advertisers, the commercial is a jumping-off point for a bigger campaign, writes BI’s Lauren Johnson. The Super Bowl is also a calendar staple for the ultrawealthy, writes BI’s Madeline Berg. A record 68 million Americans are projected to bet $23.1 billion on the Super Bowl, according to the American Gaming Association.
Persons: , Taylor Swift, Travis Kelce, Patrick Smith, Emily Stewart, that’s, Ryan Joe, Lara O’Reilly, Ryan, BI’s Lauren Johnson, RYU, BI’s Madeline Berg, Elon Musk, Rupert Murdoch —, VistaJet, BI’s Taylor Rains, Grace Kay, it’s, BI’s Juliana Kaplan, Cork Gaines, Usher, David Rosenberg, Quants, Getty, David Butow Here’s, Tesla, Sissie Hsiao, Bard, Gemini, Uber, Dara Khosrowshahi, Lucas Jackson, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ign, Super, Elon, Private, American Gaming Association, San Francisco 49ers, Kansas City Chiefs, Renaissance Technologies, Man, AHL, UBS, Google, Reuters, Merchants, Conference, PepsiCo Locations: Sun Valley, YOLO, New York, London
Business Insider said on Thursday that it was laying off 8 percent of its staff, the latest in a wave of sharp job cuts in the media industry this month. Barbara Peng, Business Insider’s chief executive, said in an internal note that the job cuts were part of a plan, announced late last year, to shift focus solely to news coverage of business, tech and innovation. “We have already begun to refocus teams and invest in areas that drive outsize value for our core audience,” Ms. Peng wrote. “Unfortunately, this also means we need to scale back in some areas of our organization.”Ms. Peng added: “We’re committed to building an enduring and sustainable Business Insider for the coming years and beyond.”
Persons: Barbara Peng, ” Ms, Peng, , Ms, “ We’re,
“We stand by Business Insider and its newsroom,” said a spokesman for Axel Springer, the German media company that owns the publication. With its stories, Business Insider raised both the idea of hypocrisy and the possibility that academic dishonesty is widespread, even among the nation's most prominent scholars. The business leader reached out in protest to board members at both Business Insider and Axel Springer. “Business Insider supports and empowers our journalists to share newsworthy, factual stories with our readers, and we do so with editorial independence,” Peng wrote. Business Insider would not say who conducted the review of its work.
Persons: Claudine Gay, , Axel Springer, Neri Oxman, Bill Ackman, Gay, Axel Springer's, ” Ackman, Ackman, , Oxman, Barbara Peng, ” Peng, ” Harvard's, Nicholas Carlson, Carlson Organizations: MIT, Business, Harvard, Pershing, Oxman, The New York Times, Times, The Washington Post Locations: Israel
In a note Sunday morning, Barbara Peng, chief executive of Business Insider, said the outlet had spent several days reviewing its reporting after public complaints made by Ackman. “Business Insider supports and empowers our journalists to share newsworthy, factual stories with our readers, and we do so with editorial independence,” Peng wrote. “We stand by our newsroom and our reporting, which will continue onward.”In the wake of the reporting, Oxman acknowledged she had failed to properly cite some of her work. A spokesperson for Axel Springer told CNN on Sunday that the German publishing powerhouse was satisfied with the review Business Insider had completed. “We stand by Business Insider and its newsroom,” the spokesperson said.
Persons: Axel Springer, Neri Oxman, Bill Ackman, Barbara Peng, Peng, ” Peng, Oxman, , , Ackman, Claudine Gay, Axel Springer’s Organizations: CNN — Business, Massachusetts Institute of Technology, Business, , Oxman, Harvard, CNN
New York CNN —Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many reinventions. In a statement, the company said she “played a pivotal role in skillfully steering Business Insider through the challenges of a pandemic and the sharp downturn in the advertising industry, while simultaneously fine-tuning Business Insider’s strategy.”Blodget, a former analyst who was charged with civil securities fraud in 2003 and barred from the securities industry, isn’t leaving Business Insider. The publication was originally named “Silicon Alley Insider” when it was launched in 2007, focusing on coverage of the New York business community, before changing its name to Business Insider two years later. A general news website called “Insider” was launched a year later. A return to Business Insider “reaffirms our center of gravity around business, tech, and innovation,” Peng wrote.
Persons: New York CNN — Henry Blodget, Barbara Peng, , , Axel Springer, ” Peng, we’ve Organizations: New, New York CNN, , Business Locations: New York
Weilun SoonWeilun Soon is a Singapore-based reporter for The Wall Street Journal, covering Asia’s financial markets with a focus on cryptocurrencies, commodities and fiat currencies. He most recently led Business Insider’s coverage of Asia’s technology sector. Before that, he was a reporter covering economics, business, technology, politics and defense for Singapore-based news outlets. Weilun also spent four years in the financial sector, managing investment content strategies for some of Wall Street’s largest firms, based in Hong Kong and Singapore. Weilun is a graduate of Columbia University's Journalism School and Peking University in Beijing, China.
Persons: Weilun Organizations: Wall Street, Business, Columbia University's Journalism School, Peking University Locations: Singapore, Wall, Hong Kong, Weilun, Beijing, China
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