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☆ Supreme Court gives SEC a win over Elon Musk
▼ + stars: | 2024-04-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

The Supreme Court rejected Elon Musk's bid to get rid of his 'Twitter sitter.' He has to get legal approval for any X posts about Tesla as part of an SEC agreement. Musk argued it limits his free speech, but the court shot him down. AdvertisementThe Supreme Court isn't going to step in to help Elon Musk get rid of his "Twitter sitter." Related storiesHe filed a petition with the Supreme Court to undo the settlement in December, arguing it limited his free speech.

Persons: Elon Musk's, Tesla, Musk, —, isn't, Elon Musk, Joe Biden Organizations: SEC, Service, Securities and Exchange, SpaceX, Musk, Bloomberg

☆ An Ivy League sophomore says he found a $105,000 side hustle: selling coveted restaurant reservations
▼ + stars: | 2024-04-27 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Brown sophomore Alex Eisler has a lucrative side hustle selling restaurant reservations. He vends them on nascent platform Appointment Trader. AdvertisementEisler told Business Insider the most expensive reservation he's ever sold was $1,358 at an omakase restaurant in Boston. Appointment Trader is just one platform helping to turn reservation-selling into a cottage industry of sorts. "It's bad for business," Eric Ripert, chef and co-owner of famed French seafood restaurant Le Bernardin, told The New Yorker.

Persons: Brown, Alex Eisler, Eisler, —, Eisler —, he's, Prime, Carbone, Insider's Linette Lopez, Tock —, Eric Ripert, Bernardin Organizations: Service, Brown University, American Express, Business, Yorker, Bloomberg, New Locations: Boston, New York City

☆ Tesla recalled its vehicles, but Autopilot crashes kept happening: feds
▼ + stars: | 2024-04-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Feds are investigating whether Tesla's 2023 Autopilot recall worked. In December, Tesla recalled 2 million Autopilot-equipped vehicles with a software update. AdvertisementTesla recalled more than 2 million vehicles last year over crashes involving its Autopilot program. Crashes kept happening, the feds say, and now they're investigating. The NHTSA said in its notice Thursday that Autopilot issues had played an apparent role in "at least 13 crashes."

Persons: Tesla, — Organizations: NHTSA, Service, Traffic Safety Administration

☆ Warren Buffett's real-estate firm will spend $250M to get out of legal hot water
▼ + stars: | 2024-04-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A real-estate brokerage owned by Warren Buffett's Berkshire Hathaway has agreed to pay $250 million to settle a lawsuit over its commission fees, according to plaintiffs in the case. AdvertisementHome sellers had sued HomeServices of America, alleging it conspired to force sellers to pay inflated agent commissions. Related stories"As we move beyond this settlement, our focus remains steadfast on ethical operations, industry integrity, and delivering value," Kelly said. AdvertisementThe group of home sellers, in this case, had also sued other brokerages and have scored millions in settlements already. Among the payouts is a whopping $418 million from the National Association of Realtors that has shaken up the real-estate industry.

Persons: Warren Buffett's Berkshire Hathaway, HomeServices, Benjamin D, Brown, Cohen Milstein Sellers, Chris Kelly, Kelly Organizations: Warren, Business, National Association of Realtors Locations: America

☆ 'Ozempic face' could create a huge market for fillers. One newly-public company wants to cash in.
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | Julia Pugachevsky | ) www.businessinsider.com time to read: +1 min

Its CEO told Bloomberg that weight-loss drugs could boost its fillers business. Ozempic face is a result of aging and rapid weight loss, one cosmetic dermatologist said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe CEO of Swiss pharmaceutical giant Galderma thinks the popularity of weight-loss drugs like Ozempic could boost its facial fillers business. That's because Ozempic can result in a sunken-in look in some patients' faces, Galderma CEO Flemming Ornskov told Bloomberg — an effect he said fillers can help counteract.

Persons: —, Flemming Ornskov, Flemming Organizations: Swiss pharma, Bloomberg, Service, Business Locations: Swiss

☆ 2 founders of a crypto mixer charged with laundering funds from the dark web
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

The cofounders of crypto mixer Samourai Wallet were charged with money laundering. The service anonymized hundreds of millions of dollars for dark web criminals, prosecutors said. AdvertisementThe cofounders of a cryptocurrency mixing service called Samourai Wallet — which rendered crypto transactions anonymous — have been arrested and charged with money laundering, according to an indictment unsealed Wednesday. Rodriguez and Hill were charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. Related storiesThe Samourai Wallet website has been seized.

Persons: Samourai's cofounders, —, — Keonne Rodriguez, William Lonergan Hill —, Rodriguez, Hill, James Smith, haven't Organizations: Service, Prosecutors, Southern, of, FBI Locations: of New York, Portugal, DMs

☆ Harvey Weinstein's NY judge shouldn't have allowed 'prejudicial' testimony from women who said they, too, had been abused: appeals court
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | Natalie Musumeci | Katie Balevic | ) www.businessinsider.com time to read: +1 min

New York's top court overturned the 2020 sex crimes conviction against movie mogul Harvey Weinstein. The court said the trial made an error by allowing accusers who weren't a part of the complaint to testify. AdvertisementHarvey Weinstein's sex crimes conviction was overturned Thursday by the New York Court of Appeals, which found that he hadn't gotten a fair trial. In its 4-3 decision, the appeals court found Weinstein's trial judge had erred in allowing accusers who were not listed as a part of the criminal charges against him to testify about their own experiences. This story is available exclusively to Business Insider subscribers.

Persons: Harvey Weinstein, —, Harvey, hadn't Organizations: Service, New, Appeals, Business Locations: Manhattan

☆ A real-estate agent's ritzy Hamptons beach home was used in a fake Airbnb scam
▼ + stars: | 2024-04-24 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

A real estate agent who rents her Hamptons home got caught up in an Airbnb scam. Photos of her property were used for a fake listing, The Real Deal reports. AdvertisementA Corcoran real-estate agent and East Hamptons homeowner was caught up in an Airbnb scam when a fake listing for her property showed on the rental platform, The Real Deal reports. According to the Real Deal, Sarah Stewart rents her Hamptons home in the spring and summer, but not through Airbnb. Though Stewart got the scam pages taken down, she told The Real Deal the ordeal was "terribly upsetting."

Persons: —, Corcoran, Sarah Stewart, Stewart, Airbnb, Brian Chesky Organizations: Hamptons, Service, East Hamptons, Real, Labor

☆ Robert Kraft yanks support for Columbia as Israel-Gaza protests intensify
▼ + stars: | 2024-04-23 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

New England Patriots owner and Columbia donor Robert Kraft is pulling his support for the university. Columbia is being divided by protests over Israel's war in Gaza. Kraft stated he is "no longer confident that Columbia can protect its students and staff." AdvertisementRobert Kraft, the billionaire owner of the New England Patriots and a Columbia University alumnus, has pulled his support for the university, which has been racked by unrest and protests over Israel's war in Gaza. "I am not comfortable supporting the university until corrective action is taken," said Kraft, for whom Columbia's Kraft Center For Jewish Life is named.

Persons: Robert Kraft, Kraft, —, Columbia's, Nemat, Shafik Organizations: New England Patriots, Columbia, Service, Columbia University, Foundation, Combat, Columbia's Kraft Center For Jewish, CNN, Kraft Center, Jewish, NYU, Yale, Monday, Reuters Locations: Columbia, Gaza, Israel

☆ Caitlin Clark made up for her modest salary with a bonkers Nike deal
▼ + stars: | 2024-04-22 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Caitlin Clark inked a $28 million, eight-year Nike deal, The Wall Street Journal reported. Nike won the most competitive bidding war in women's basketball history, per the Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBasketball phenom Caitlin Clark sparked outcry earlier this month over the relatively modest yearly salary of $76,535 she's pocketing during her first year in the WNBA. But the 22-year-old breakout will more than make up for that amount thanks to a freshly-inked deal with Nike worth as much as $28 million over the course of eight years, The Wall Street Journal reports.

Persons: Caitlin Clark, — Organizations: Nike, Street Journal, WNBA, Service, Street, Business

☆ Saudi Arabia is desperately trying to woo bankers to pay for its futuristic desert city
▼ + stars: | 2024-04-22 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Neom is hosting hundreds of prospective investors for on-the-ground tours, Bloomberg reports. Saudi Arabia's government has reportedly been worried about rising costs for the futuristic city. AdvertisementFor the first time, Saudi Arabia is inviting hundreds of private bankers this week to visit Neom, its futuristic — and cash-strapped — city in the desert, Bloomberg reported. Neom CEO Nadhmi Al-Nasr will now show visitors the construction work on "The Line," the planned city between two mirrored skyscrapers. The tours will mark the first time a large group of financiers will be able to see anything of the futuristic city with their own eyes, as opposed to virtual renderings.

Persons: Neom, —, Nadhmi Al, Nasr, that's Organizations: Bloomberg, Service, AFP Locations: China, Saudi, Saudi Arabia, Neom, —, Korea, Japan, Singapore, US, France, Germany

☆ Meet Tree Paine, the PR mastermind helping to steer the massive Taylor Swift machine
▼ + stars: | 2024-04-20 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

Tree Paine has been Taylor Swift's power publicist for a decade. To that end, Swift's publicist of a decade, Tree Paine, is one of the most critical figures in her orbit. Advertisement'The devil works hard, but Tree Paine works harder'Paine is private on Instagram but active on X, where users regularly rhapsodize about her apparent machinations behind the scenes — whether or not she's actually involved. "The devil works hard," the user wrote, "but tree paine works harder." "Tree Paine undefeated," he joked.

Persons: Tree Paine, Taylor, she's, —, Taylor Swift, — Paine, Paine, Trina Snyder, Swift, Paula Erickson, Erickson, Lance Paine —, Donald Trump, Paine clapped, Kim Kardashian, Kanye West, Joe Alwyn, Paine fumed, Paine's, paine, David Ehrlich Organizations: Service, Department, Wall Street, University of Southern, Warner Music Nashville, Warner, Premium, Scott Brothers Global, Netflix Locations: Costa Mesa , California, University of Southern California, Los Angeles, Swift's, Deuxmoi

☆ Economists say you could be missing out on 'knowledge spillovers' if you build your career away from a big city
▼ + stars: | 2024-04-19 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

"Knowledge spillovers" are IRL meetings that can expand your network or help you learn new things. Economists define knowledge spillovers as serendipitous meetings — on the bus or in a bar, for example — that can expand your professional network or help you learn new things. It's one reason big cities have been "underappreciated" during the pandemic, says economist Enrico Moretti. AdvertisementA 2022 study on knowledge spillovers in Silicon Valley cited the work of developer AnnaLee Saxenian, stating that "frequent face-to-face interactions, and the knowledge flows that resulted, were a large part of what made Silicon Valley the dominant technology hub it is today." You can read more about the professional benefits to living in a big city right here.

Persons: —, Insider's Aki Ito, Enrico Moretti, AnnaLee Organizations: Service Locations: Silicon Valley

☆ 23andMe's business is basically worthless. Its CEO now wants to buy it.
▼ + stars: | 2024-04-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

23andMe cofounder and CEO Anne Wojcicki wants to take the once-hot DNA company private. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement23andMe — the struggling DNA company once valued in the billions — was essentially worthless as of Wednesday. But in a filing late Wednesday, Anne Wojcicki revealed she wants to buy back the company she cofounded in 2006 and take it private. This story is available exclusively to Business Insider subscribers.

Persons: Anne Wojcicki, 23andMe, —, Wojcicki Organizations: Service, SEC, Business

☆ Boeing's door plug blowout cost airlines. Big time.
▼ + stars: | 2024-04-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Both Alaska and United Airlines reported quarterly losses this week. But the airlines' bosses said they would've turned profits if it weren't for Boeing's door plug fiasco. AdvertisementThe Boeing door blowout in January tanked Alaska Airlines' first quarter earnings — and it's not the only airline to have been hurt by the incident. Alaska said Thursday its results were "significantly impacted" by the door plug blowout and subsequent grounding of its fleet of 737-9 MAX planes. This story is available exclusively to Business Insider subscribers.

Persons: —, it's Organizations: United Airlines, Boeing, Service, Alaska Airlines, Business Locations: Alaska

☆ Arizona GOP defies Trump, refuses to repeal 160-year-old abortion ban
▼ + stars: | 2024-04-17 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Trump said last week a near-total, Civil War-era abortion ban in Arizona had gone too far. The law makes providing or helping with an abortion punishable by up to five years in prison. AdvertisementArizona Republicans shut down an attempt by Democrats to repeal a contentious abortion ban from 1864 that was reinstated by the state's Supreme Court earlier this month. Democrats attempted to introduce a bill Wednesday that would repeal the ban during a state House legislative session, NBC reported. It makes providing or helping someone get an abortion a felony punishable by up to five years in prison.

Persons: Trump, —, Ben Toma, Donald Trump, Kari Lake —, Lake Organizations: Service, Arizona Republicans, NBC, Republican, Arizona Locations: Arizona

☆ Russian oligarchs can't buy superyachts — but rich Americans are helping to fill the void
▼ + stars: | 2024-04-17 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Superyacht sales fell 17% in 2023, but still stayed above pre-COVID levels. Sanctions imposed on Russian oligarchs dented the market, but America helped split the difference. AdvertisementBoth new and used superyacht sales of vessels longer than 100 feet fell again 2023 — in part due to sanctions imposed on Russian oligarchs. AdvertisementSales for superyachts over 200 feet slowed more than their smaller counterparts due to high pricing and longer build times, according to the report. That said, SuperYacht Times' head of intelligence, Ralph Dazert, told Business Insider that sales in America are helping to fill some of the void.

Persons: —, Ralph Dazert, Dazert Organizations: America, Service, SuperYacht Times, Yachting Locations: Florida, America, Russian

☆ NBA bans Raptors player for life after he leaked info to bettors
▼ + stars: | 2024-04-17 | by ( Lauren Steussy | Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Toronto Raptors player Jontay Porter has been banned for life from the NBA for gambling violations. The NBA said Porter leaked health information to a known sports bettor, among other violations. The NBA said in a statement that it opened an investigation into Raptors forward Jontay Porter after a game last month that attracted heavy interest from sports bettors. Related storiesSeparately, the NBA said that between January and March of this year, Porter bet on at least 13 games totaling $54,094 by using an associate's online betting account. Advertisement"Three of the bets were multi-game parlay bets that included one Raptors game," the NBA said, "in which Porter bet that the Raptors would lose."

Persons: Jontay Porter, Porter, —, Porter didn't, Adam Silver, Shohei Ohtani Organizations: Toronto Raptors, NBA, Service, Raptors, American Gaming Association, Dodgers

☆ Citadel's Ken Griffin wants to build a massive NYC skyscraper that the city hopes will lure more workers back to the office
▼ + stars: | 2024-04-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Citadel's Ken Griffin filed plans alongside Vornado and Rudin for a 62-story NYC skyscraper. The mayor's office said the building would bolster an ongoing revitalization of midtown. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Real estate developers Vornado Realty Trust and Rudin Management filed plans for the project alongside Griffin (whose Citadel and Citadel Securities will serve as anchor tenants), the mayor's office said Tuesday. The prices they paid will fund upkeep for both churches, the Mayor's office said, to the tune of $150 million.

Persons: Citadel's Ken Griffin, Rudin, Griffin, —, Ken Griffin, Adams, Griffin doesn't Organizations: Vornado, Service, Realty, Rudin Management, Citadel Securities, Saint Bartholomew's, Midtown, Bloomberg, Citadel, Business, Miami Locations: Miami, New York, St, Patrick's, Midtown Manhattan, Chicago, United States

☆ Trump's stock free fall has lost him $3.3 billion
▼ + stars: | 2024-04-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

At its height, Donald Trump's stake in Trump Media was worth a staggering $5.11 billion. As of Tuesday, the former president's shares have lost roughly $3.33 billion in value. AdvertisementAs Trump Media & Technology's stock has tumbled, so has Donald Trump's wealth. That meant the former president, who owns a roughly 57% stake in the media startup, had shares worth a whopping $5.11 billion. On Tuesday, Trump Media closed with a market capitalization of about $3.12 billion — a 65% drop from its peak.

Persons: Donald Trump's, —, Trump, Trump's, Stormy Daniels — Organizations: Trump Media, Trump, Service, Truth

☆ Bank of America's dealings with Leon Black and Jeffrey Epstein are in the Senate's crosshairs
▼ + stars: | 2024-04-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A Senate committee is asking Bank of America about payments from Leon Black to Jeffrey Epstein. The Senate is investigating tax avoidance strategies used by the mega-rich, The New York Times reports. 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 . AdvertisementA Senate committee investigating $158 million in payments that private equity investor Leon Black made to Jeffrey Epstein has brought Bank of America into the mix.

Persons: Leon Black, Jeffrey Epstein, —, Ron Wyden Organizations: Bank of America, New York Times, Black, Service, Senate Finance Committee, Business Locations: Oregon

☆ Nike says there are less-skimpy options for its Olympic outfits after athletes called them sexist
▼ + stars: | 2024-04-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Nike said it's just one of many options — and competitors will have access to tailoring. AdvertisementNike's new uniform for female track and field athletes at this year's Olympics may be a bit too skimpy for athletes, some of whom called the high-cut outfits sexist. But the sportswear brand said it's actually offering an array of choices for athletes — with tailoring options on hand at this year's games. Related storiesIt reignited a familiar debate on social media surrounding uniforms for female athletes. In addition to an array of choices, the company told BI it will have tailoring options for Olympic and Paralympic athletes.

Persons: it's, —, Lauren Fleshman, Tara Davis, Katie Moon, Anna Cockrell Organizations: Nike, Service, New York Times, Times, Olympic, Paralympic Locations: Paris, Woodhall

☆ New York is in, San Francisco is very much out for tech workers relocating
▼ + stars: | 2024-04-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

New York City gained the most relocating tech workers in 2023, SignalFire reports. AdvertisementNew York is continuing to gain on San Francisco as a rival tech hub. The greater New York City area drew the biggest share of relocating tech workers last year compared to any other major city in the US, according to a new SignalFire report. The most common move for tech workers in the San Francisco Bay Area was to New York, the report found. AdvertisementMeanwhile, SignalFire found that the San Francisco Bay area actually saw its tech pool shrink by the largest percentage last year.

Persons: San Francisco, —, SignalFire Organizations: York City, San, Los Angeles, Service, Big Apple, Austin, CNBC, Sequoia Capital, Nvidia, SF Bay Area Locations: York, Austin, Francisco, New York City, San Francisco Bay, New York, Los Angeles, Seattle, Boston, San Francisco, California, San, Santa Clara , California, West, San Jose , California

☆ Humane's AI Pin got trashed by a YouTuber, and it sparked a firestorm over whether that's fair
▼ + stars: | 2024-04-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

YouTube tech reviewer Marques Brownlee gave a scathing review of Humane's new AI pin. Some X users said Brownlee's review would mark a death knell for the company. AdvertisementIn his review, Brownlee applauded the build and craftsmanship of the device. AdvertisementIn another viral tweet, however, the user Daniel Vassallo called Brownlee's review "distasteful" and "almost unethical" given his huge following. Vassallo told Business Insider he wasn't defending Humane and actually thought the substance of Brownlee's review was "fair and balanced."

Persons: Marques Brownlee, —, Brownlee, Sam Sheffer, Humane's, Daniel Vassallo, Vassallo, MKBHD, Alex Finn, Alex Kehr Organizations: YouTube, Service

☆ Iconic photos show the biggest moments from O.J. Simpson's 'trial of the century'
▼ + stars: | 2024-04-12 | by ( Talia Lakritz | Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Simpson trial lives on infamy more than 30 years later. Here are some of the biggest moments from "the trial of the century." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The trial still remains a cultural touchstone, with the Emmy-winning 2016 FX series "The People v. O.J. Here's a look back at some of the most iconic photos from the trial.

Persons: Simpson, —, Rodney King, Rupert Murdoch, O.J, Cuba Gooding, Sarah Paulson, John Travolta, David Schwimmer, Sterling K, Brown Organizations: Bronco, Service, NFL, Los Angeles Police Department, Fox, CNN

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