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☆ Today is Mark Zuckerberg's 40th birthday. Here's how his wealth has grown over the past decade.
▼ + stars: | 2024-05-14 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMay 14, 2024, marks Mark Zuckerberg's 40th birthday — and he's had quite the decade. Zuckerberg's net worth of $169 billion makes him the fourth richest person in the world, according to Bloomberg. Related storiesZuckerberg owns most of Facebook with his 13% stake in its parent company Meta, and nearly all of his fortune — $164 billion worth — is tied to it. And while he's far from the flashiest of the centi-billionaires, Zuckerberg's lifestyle has changed in conjunction with his wealth.

Persons: —, Mark Zuckerberg's, he's, Zuckerberg, Priscilla Chan, He's, I'm, Chan Zuckerberg Organizations: Service, Harvard, Bloomberg, Business, Facebook, Meta, Chan Zuckerberg Initiative Locations: Meta, Palo Alto, Tahoe, Kauai, Hawaii

☆ The Miss Teen USA first runner-up declined to take over the title, saying she'd 'never give up' her integrity
▼ + stars: | 2024-05-13 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +6 min

Read previewThe Miss Teen USA first runner-up won't be taking over as queen. On Wednesday, Miss Teen USA UmaSofia Srivastava announced she was resigning from her position just two days after Miss USA Noelia Voigt gave up her crown. Stephanie Skinner declined the title of Miss Teen USASkinner, who represented New York in the Miss Teen USA pageant, announced on Instagram that she "decided to decline the title of Miss Teen USA 2023." AdvertisementSkinner told BI she still hopes to hold a national pageant title someday, but it won't be Miss Teen USA. Miss USA Noelia Voigt and Miss Teen USA UmaSofia Srivastava resigned their titles.

Persons: —, Miss Teen USA UmaSofia Srivastava, Miss USA Noelia Voigt, Miss Teen USA's, Stephanie Skinner, wouldn't, Skinner, I've, Srivastava, Voigt, Noelia Voigt, Chance Yeh, Claudia Michelle, Miss Colorado Arianna Lemus, Lemus, Miss Hawaii USA Savannah Gankiewicz Organizations: Service, Teen USA, Miss Teen USA, Miss USA, Miss Hawaii Savannah Gankiewicz, Business, Miss, Miss Teen, University of Pennsylvania, Miss Hawaii Locations: New York, Thailand, I'm, USA, Instagram, Miss USA, Miss Hawaii USA Savannah

☆ MDMA therapy could be legalized by summer. Why are so many advocates sounding the alarm?
▼ + stars: | 2024-05-13 | by ( Anna Silman | ) www.businessinsider.com time to read: +52 min

Last summer, thousands of tie-dyed Burners and Patagonia-clad tech founders converged on the MAPS Psychedelic Science conference in Denver. The experience "broke the spell of this trauma, and she was able to rebuild her life," Doblin told The Guardian . The video team's job was to store recordings of every MDMA therapy session performed in the clinical trials. Grof believes in something called an "inner healing intelligence," an innate capacity for self-healing that psychedelic therapy helps unleash. Another time, a patient who had come to an MDMA therapy session later acknowledged they had been under the influence of LSD during treatment.

Persons: Jaden Smith, Aaron Rodgers, bro, Andrew Huberman, Rick Doblin, Doblin, mainstreaming psychedelics, influencers, Johnson, Elizabeth Nielson, Aubrey Marcus, ayahuasca, Matthew Stockman, Helena —, Timothy Leary, —, Hitler, Stanislav Grof, zombified, Brad Burge, Michael Mithoefer, Annie Mithoefer, Oprah, Sen, Joe Biden, MDMA's neurotoxicity, they'd, Albert Hofmann, David Bronner, Dr, Joe's, Bronner, Bronner's, Richard Rockefeller, John D, Rockefeller Jr, Rockefeller, Neşe, Johns Hopkins, who's, Devenot, Rick Friedman, Betty Aldworth, MAPS's multimillionaire, Tim Ferriss, Cody Swift, Zendo, Aldworth, Erica Siegal, Seth Whitelaw, Amy Emerson, JULIE JAMMOT, Ifetayo Harvey, Harvey, Lauren Unger, Unger, Casey Hardison, Harvey didn't, Hardison, Doblin's, Baylee Ybarra Gatlin, Gatlin, negligently, There's, Michael Pollan's, Steve Jurvetson, Elon Musk's who's, Genevieve, Steve Cohen, Alexandra, Mark Zuckerberg's, Dustin Moskovitz, Cari, Gwyneth Paltrow, Paltrow, Sergey Brin, Joe Green, Green, Zuckerberg, Genevieve Jurvetson, Michael Pollan, Jonathan Lubecky, he'd, Rebekah, Robert Mercer, Elizabeth Koch, Charles Koch, Rachel Nuwer, Koch, she'd, MAPS's, Elizabeth Crystal, Joe Rogan, didn't, Jesus Christ, Crystal, Meaghan Buisson, Richard Yensen, Donna, Yensen, Buisson, weren't, Robert, Rebekah Mercer, Sean Zanni, Grof, They've, Kayla Greenstien, it's, George Sarlo who'd, Vicky Dulai, Sarlo's, Dulai, Gul Dolen, Michael Mullette, who'd, Marla Aufmuth, Mullette, Lily Kay Ross, David Nickles, Ross, Greenstien, Rick, Lenny Ignelzi, biostatisticians, Lykos, Peter Thiel, Kara Swisher, Kris Lotlikar, Federico Menapace, Mo Septimus, Handout, Monnica, Williams, Lotlikar, Henry Elkus, Helena ., Elkus, Emerson, ICER Organizations: Science, New York Jets, rockstar, Multidisciplinary Association for Psychedelic Studies, Lykos Therapeutics, and Drug Administration, FDA, Business, Florida's New College, Jewish Telegraphic Agency, Sarasota Herald, Tribune, New College, Guardian, Drug, Harvard's Kennedy School of Government, eBay, Nevada, Doblin, Pentagon, Department of Veterans Affairs, Department of Defense, Staff, Corporation, PBC, pharma, New Yorker, New York Mets, Bloomberg, CBS, Breitbart, CBC News, BI, Porsche, Santa Cruz, New York Times, longtime, Mullette Corporation, New York, Health Canada, Compass, Sciences, Psychedelic Science, Whole Foods, McKinsey, Big Pharma, Vine Ventures, Lucid, Street Journal, Investments, Gawker, Publicly, PBC alums, Numinus, US Army Locations: Patagonia, Denver, Harvard, Colorado, Skokie , Illinois, Ireland, Czech, Sarasota, Arcturus, Florida, Swiss, Vietnam, Washington, Santa Cruz, Chicago, California, Iraq, British Columbia, New York, Hawaii, Santa, Nature, Moderna, Europe, Helena, Yale, Australia, Canada, Israel, Ukraine, ICER, . Upper

☆ From senators to a dog killer: A power ranking of Trump's potential vice presidents
▼ + stars: | 2024-05-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +11 min

AdvertisementFormer President Donald Trump is entering the final stretch in his vice presidential selection process. So with that in mind, here's Business Insider's initial vice presidential power rankings. He's a former presidential candidate himself, a fact many recent vice presidential nominees share (though Trump ignored that in 2016). Entrepreneur Vivek Ramaswamy: Ramaswamy staked out the most pro-Trump territory of any GOP presidential hopeful. Having never held elected office, the Roivant Sciences founder would have one of the least conventional resumes of any recent major party vice presidential nominee.

Persons: Donald Trump, Trump, —, I'm, Sen, Tim Scott of, TIMOTHY A, CLARY, Scott, He's, Larry Ellison, we've, Doug Burgum, North Dakota Ethan Miller, Kevin Cramer, haven't, Pence, Burgum, Dakotan, Marco Rubio, Joe Raedle, Florida Rubio, Rubio, Rubio isn't, Politifact, Elise Stefanik, Chip Somodevilla, New York Stefanik, Stefanik, Liz Cheney, isn't, it's, Biden, Mike Johnson's, JD Vance, Ohio Republican Andrew Harnik, Ohio Vance, Vance, Mike Pence, Byron Donalds of, Donalds, Kevin McCarthy's, Mike Johnson, hasn't, Vivek Ramaswamy, Ramaswamy, Tulsi Gabbard, Gabbard, Jr's, there's, Ben Carson, Carson, Glenn Youngkin, Youngkin, Rupert Murdoch, Kristi Noem Organizations: Service, Republican, Time Magazine, Republican Party, Getty, Oracle, CNBC, Black Republican, Reconstruction, Trump, GOP, Gov, North Dakota Burgum's, Democrat, LBJ, Microsoft, Ohio Republican, Roivant Sciences, Democratic, RFK, South Dakota Gov Locations: Milwaukee, Nebraska, Tim Scott of South Carolina, Iowa, North Dakota, Marco Rubio of Florida, New York, Wyoming, Ohio, Byron Donalds of Florida, Trump, Hawaii, Michigan, Virginia

☆ Shock Miss USA resignations are just the tip of the iceberg, insiders say
▼ + stars: | 2024-05-11 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +11 min

“We respect and support Noelia’s decision to step down from her duties,” the Miss USA pageant said in a statement following Voigt’s announcement. “No woman has ever resigned as Miss USA or as Miss Teen USA, and she’s lost both of them in 48 hours,” he said. And according to Engelhardt, they were far from the only members of the Miss USA organization to depart. Savannah Gankiewicz, who as Miss Hawaii placed as first runner-up during the 2023 Miss USA pageant, will take over as Miss USA following Voigt's resignation. Kyle Terada/USA Today Sports/ReutersOn May 9, the Miss USA pageant announced that Savannah Gankiewicz, Miss Hawaii USA 2023 and first-runner up to Voigt at the 2023 Miss USA pageant, would be taking over the national title and its responsibilities.

Persons: Noelia Voigt, UmaSofia Srivastava, Srivastava, Voigt, “, ”, Ashlee McKey, Alexis Loomans, Rachelle di Stasio —, ” Srivastava, Denise White, Craig Barritt, Laylah Rose, slandering, ” Rose, Tom Williams, Rose, ’ Voigt, White, I’ve, ” White, “ It’s, It’s, Chance Yeh, Thom Brodeur, she’s, Brodeur, Miss, Claudia Engelhardt, Engelhardt, ” Engelhardt, Crystle Stewart, Rob Kim, Weeks, Savannah Gankiewicz, Kyle Terada, Gankiewicz, Shanna Moakler, Cindy Provost, Debbie Miller, — Engelhardt Organizations: CNN, Miss USA, Miss Teen, Miss Teen USA, Utah, Miss North Carolina USA, Miss New York, USA, ”, Inc, Miss, Miss Universe Organization, Miss Hawaii, Sports, Reuters, Savannah Miss, Voigt’s, Miss Utah USA, Srivastava’s, Miss New Jersey Teen USA Locations: New Jersey, Miss Wisconsin, New York, Sarasota , Florida, Miss Utah, Miss USA, Los Angeles, Utah, ”, USA, Savannah, Miss Hawaii USA, Savannah Miss USA

☆ These 3 metro regions still haven't recovered from the pandemic recession as Wall Street debates when the next downturn will strike
▼ + stars: | 2024-05-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

More than a quarter of US metros are still recovering from COVID-era job losses, the Federal Reserve Bank of New York reported. Today's job market amplifies fears of another recession, which some experts say could hit as soon as this year. AdvertisementAs analysts clash over when the next recession will befall the US, large swaths of the country are still bogged down in the previous downturn. The Federal Reserve Bank of New YorkBut this trend is especially distinct in the Northeast, a region that's home to particularly impacted metros. By this indicator, a recession started in October, confirmed further by accelerating job erosion, Danielle DiMartino Booth said.

Persons: —, Danielle DiMartino Booth, it's, Frances Donald, Donald, We're, Gary Schilling Organizations: Federal Reserve Bank of New, Service, US metros, QI, Bloomberg, Wall Street Locations: COVID, Federal Reserve Bank of New York, Rust Belt, California, Hawaii, New Orleans, Honolulu, San Francisco, Cleveland , Detroit, Pittsburgh, Northeast, New York City, New York

☆ Miss Colorado didn't want to enable the Miss USA organization's 'abusive power' so she's giving up her title in support
▼ + stars: | 2024-05-11 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +9 min

Their announcements marked the first time a Miss USA or Miss Teen USA had given up their title in the pageant's 72-year history. "I think so many women forget their power, and organizations like Miss USA remind women how powerful you can become," Lemus told Business Insider. Taking a stand against Miss USA leadershipTo walk away from a title — whether state or national — is unprecedented in the Miss USA organization. "But if I didn't, it would almost enable the abusive power that is happening with the current Miss USA management." Both Miss Teen USA UmaSofia Srivastava and Miss USA Noelia Voigt resigned this week.

Persons: —, Miss Colorado Arianna Lemus, Miss USA Noelia Voigt, Miss Teen USA UmaSofia Srivastava, Lemus, Voigt, Srivastava, Instagram, Claudia Michelle —, Michelle, Former Miss Montana Dani Walker, Laylah Rose hasn't, Lemus —, Miss USA, she's, Miss Kansas Haley Berger, Berger, Laylah Rose, Voight, Craig Barritt, Max Sebrechts, Crystle Stewart, Rose, Dakota Amber Hulse, wasn't, Arianna Lemus, Arianna, Hulse, …, it's Organizations: Service, USA, Miss, Miss Teen USA, Business, Miss USA, BI, Miss Hawaii, Former Miss, Miss Colorado Locations: Miss USA, Miss Hawaii Savannah, Miss Colorado

☆ California Will Add a Fixed Charge to Electric Bills and Reduce Rates
▼ + stars: | 2024-05-10 | by ( Ivan Penn | ) www.nytimes.com time to read: +1 min

Utility regulators in California on Thursday changed how most residents will pay for energy by adding a new fixed monthly charge and lowering the rates that apply to energy use. Officials said the shift would reduce monthly bills for millions of residents and support the use of electric vehicles and appliances that run on electricity, rather than fossil fuels. The decision by the California Public Utilities Commission will apply to the rates charged by investor-owned utilities, which provide power to about 70 percent of the state. Starting next year, most customers of those companies will be required to pay a $24.15 monthly charge. California’s residential electric rates, which averaged 31.2 cents per kilowatt-hour in February, are the highest in the country after Hawaii, where rates were about 44 cents, according to the federal Energy Information Administration.

Organizations: California Public Utilities Commission, Regulators, Energy Information Administration Locations: California, Hawaii

☆ Miss Hawaii is taking over as Miss USA following Noelia Voigt's historic resignation
▼ + stars: | 2024-05-09 | by ( Anneta Konstantinides | Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Miss Hawaii Savannah Gankiewicz is taking over as Miss USA. Miss USA Noelia Voigt resigned from the position on Monday, citing her mental health. She is the first Miss USA in the pageant's 72-year history to voluntarily give up the crown. Savannah Gankiewicz will be the new Miss USA 2023Miss USA revealed Gankiewicz's appointment in the caption of an Instagram photo, saying the organization was "thrilled to announce that Miss Hawaii USA Savannah Gankiewicz is Miss USA 2023." "Please know that my decision to accept the Miss USA crown was not one that was made lightly," she wrote.

Persons: Noelia Voigt, Miss Teen USA UmaSofia Srivastava, —, Voigt, Savannah, Miss Hawaii USA Savannah Gankiewicz, Laylah Rose, Rose, Miss USA, Gankiewicz, Voigt's, Claudia Michelle, Michelle, Max Sebrechts, Sebrechts, Crystle Stewart Organizations: Miss, Miss USA, Miss Teen USA, Service, USA, Miss Hawaii, USA's, Savannah Miss, BI, Miss Universe Locations: Savannah, Utah, Miss USA, Miss Hawaii USA Savannah, Hawaii, Savannah Miss USA, Lahaina, Maui, New Jersey, Miss

☆ Giant Batteries Are Transforming the Way the U.S. Uses Electricity
▼ + stars: | 2024-05-07 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +17 min

Uses Electricity They’re delivering solar power after dark in California and helping to stabilize grids in other states. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Ga. Ga. Texas Texas La. By The New York TimesMost grid batteries use lithium-ion technology, similar to batteries in smartphones or electric cars.

Persons: …, ”, Helen Kou, Conn ., Mo ., R.I, Conn . Conn ., . Kan ., “, Andrés Gluski, Mike Blake, John Phipps, Phipps, Stephanie Smith, Aaron Mitchell, Natalie McIntire, Tamir Kalifa, Emma Konet, Max Kanter, BloombergNEF, you’ve, Meredith Fowlie, Nate Blair, “ We’re, Ross D Organizations: Hydro Nuclear, Hydro, The New York Times, “, United States U.S, Conn . Pa . Iowa Neb, N.J . Ohio Nev, Del . Utah Ill, Texas, Fla ., Vt, Wis ., Wis . Idaho Idaho S.D, Pa . Iowa Iowa Neb, Neb . N.J . N.J . Ohio Ohio Nev, Del . Utah Utah Ill, . Energy, AES Corporation, Reuters, California, Georgia Power, Natural Resources Defense Council, Nationwide, The New York Times Grid, University of California, National Renewable Energy Laboratory, Franklin, Associated Locations: California, The New York Times California, China, Texas , California, Arizona, Wash . Maine, Minn, Ore, N.H, N.Y, Mass, Wis . Idaho S.D, Mich, Wyo, R.I, Conn, Conn . Pa . Iowa, N.J . Ohio, Del . Utah, Calif, Md, Colo, W.Va . Va, Mo, Mo . Kan, Ky, N.C, Tenn, Ariz, ., S.C . California, Ala, Miss ., Fla, Alaska Texas, Hawaii, Wash . Maine Maine Mont, Mont, Vt, Wis, Wis . Idaho Idaho, S.D . Mich, Conn . Conn, Conn . Conn . Pa, Pa . Iowa, Neb . N.J . N.J . Ohio, Nev . Ind, Ind, Del, W.Va, W.Va . Va . Va, . Kan . Kan, S.C . Ala . Ala . Miss, . Texas Texas, La, Fla . Alaska Alaska Hawaii Hawaii California, Texas, Menifee, . California, ” In Texas, Fort Worth, West Texas, Georgia, Sweetwater , Texas, Tierra, Berkeley, Sacramento

☆ Air National Guard leaders say proposal to move units to Space Force poses 'existential threat' to US national security
▼ + stars: | 2024-05-06 | by ( Thomas Novelly | ) www.businessinsider.com time to read: +7 min

The US Air National Guard rebuke a proposal to shift space mission units to the Space Force. "Our internal survey indicates about 70% of our personnel would retrain or retire rather than join the Space Force," Air Force Col. Michael Griesbaum, commander of the Alaska Air National Guard's 168th Wing, told reporters Friday. Airmen from the Colorado Air National Guard load equipment onto a C-17 Globemaster before departing for temporary duty in Washington, DC. AdvertisementBut Air National Guard leaders have expressed concern, saying it would set a clear precedent for other services to potentially take more resources from the National Guard model. "If LP 480 is successful, it will open the door to a wholesale harvesting of National Guard resources, both from the Air National Guard and the Army National Guard to the regular components."

Persons: —, Michael Griesbaum, Chance Johnson, Military.com, Air Force Frank Kendall, Alex Wong, Frank Kendall, We've, Kendall, Griesbaum, Jason Carr, Robert Brown, Jacob Hancock Kendall, Michael Bruno Organizations: US Air National Guard, Space Force, Guardsmen, Service, Air National Guard, Hawaii Air National Guards, Air Force, Space Force Guardians, " Air Force, Alaska Air National, Airmen, Colorado Air National Guard, Tech, National Governors Association, United States Space Force, Rayburn House, Capitol, Getty Images Air Force, Army Guard, National Guard, Army National Guard, United States Space Command, Space Development, Air National Guardsmen, Air Force Staff, Colorado Air National, 233rd Space Group, Department of, National Guardsmen, Florida Air National Guard, Cape Canaveral Space Force, Guard, Brig, Colorado National Guard Locations: Alaska , Colorado, United States, Washington , DC, Niagara Falls , New York, Alaska , California , Colorado , Florida, Hawaii , New York, Ohio, Florida

☆ Noelia Voigt resigns as Miss USA, citing her mental health
▼ + stars: | 2024-05-06 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Noelia Voigt, who was crowned Miss USA in November 2023, has announced she is resigning from her role, saying the decision is in the best interest of her mental health. Voigt, of Utah, succeeded the 2022 Miss USA, Morgan Romano of North Carolina. She was the first Venezuelan-American woman to win Miss USA, according to her statement. Savannah Gankiewicz of Hawaii placed as the first-runner-up to Voigt’s victory in November, making her a potential candidate to be the newly crowned Miss USA. “Never compromise your physical and mental well-being.

Persons: CNN — Noelia Voigt, ”, Instagram, Voigt, Morgan Romano, Miss USA, Alexis Loomans of, Jasmine Daniels of, “ Organizations: CNN, Miss USA, Miss USA Organization, Miss, Jasmine Daniels of Pennsylvania, Miss Universe Organization Locations: Utah, North Carolina, Venezuelan, American, Savannah Gankiewicz, Hawaii, Alexis Loomans of Wisconsin, Texas, United States

☆ ‘China’s Cape Canaveral’ is booming, fueled by moon mission and space program
▼ + stars: | 2024-05-04 | by ( Lilit Marcus | Marc Stewart | ) edition.cnn.com time to read: +3 min

The city of Wenchang is home to a rocket launch center – and a tourist industry that caters to a growing interest in space-related tourism. China has made no secret of its desire to develop tourism here, drawing inspiration from Florida’s Cape Canaveral – the launchpad for many famous NASA space missions. From celestial scenes in the corridors to a rocket on the breakfast buffet, the sprawling property is inspired by the nearby Wenchang Launch Center. The growth of China’s space program has fueled more interest in all things aeronautic. “Although it’s my 24th time, maybe, to see the rocket launch, I’m still excited about this,” he told CNN.

Persons: Hilton, Justin Robertson, That’s, Yan Zehua, I’m, ”, Liu Guoxing Organizations: CNN, NASA, Hilton, Getty Locations: Hainan, Hanoi, Beijing, Hawaii, China, Wenchang, Florida’s Cape Canaveral, Hainan’s, United States, Canada, France, New Zealand, Malaysia, Japan

☆ Larry Ellison bought an entire island and Jeff Bezos owns a $78 million property there, but eBay's reclusive founder is Hawaii's richest resident
▼ + stars: | 2024-05-03 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Despite all the big stars that flock to Hawaii, the elusive founder of eBay, Pierre Omidyar takes the state's crown. 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 . Notable island neighbors include billionaires like Oprah Winfrey, Jeff Bezos, Peter Thiel, and Oracle founder Larry Ellison. But despite the big names and showy personalities of Hawaii's ultra-rich residents, it's the media-shy founder of eBay, Pierre Omidyar, who is the island state's richest permanent inhabitant, according to Forbes's list of the richest billionaire in every state for 2024.

Persons: Forbes, Pierre Omidyar, Omidyar, —, Oprah Winfrey, Jeff Bezos, Peter Thiel, Larry Ellison Organizations: eBay, Service, Oracle, Business Locations: Hawaii

☆ Japanese yen: How the currency’s record slump is squeezing the Japanese
▼ + stars: | 2024-05-03 | by ( Juliana Liu | ) edition.cnn.com time to read: +7 min

Higher interest rates in the United States and other countries mean investors can make bigger returns on investments there than they can in Japan. This encourages carry trades, in which investors borrow money in yen to invest it in higher-yielding assets priced in other currencies. That weakens the Japanese currency. A Big Mac costs 50% more in the next cheapest G10 currency, the New Zealand dollar, than it does in yen, he added. … and lots of drawbacksBut the falling yen has caused much pain at home and not just for small businesses like Japan Fraise.

Persons: hasn’t, Hiroko Ishikawa, “ It’s, ” Ishikawa, “, we’re, We’re, Himari Semans, That’s, ” Nigel Green, Kit Juckes, Warren Buffett, ” Sean Callow, ”, Sato Hitomi, Semans, I’ve, —, Laura He, Chris Lau Organizations: Tokyo CNN, US, Reserve, CNN, Nikkei, Bank of Japan, deVere, greenback, Labor, Societe Generale, New Zealand, Japan’s National Tourism Organization, Tokyo’s Locations: Hong Kong, Tokyo, Japan, United States, Sydney, Hawaii

☆ Mark Zuckerberg is now California's richest billionaire after his fortune surged over the last year, report says
▼ + stars: | 2024-05-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg is California's richest billionaire, with a net worth of $177 billion, per Forbes. AdvertisementMark Zuckerberg is now the richest billionaire in California, with a net worth of $177 billion, a new Forbes report said. The report, which maps out the richest billionaire in each state for 2024, said the Meta CEO overtook Google cofounder Larry Page as the Golden State's richest person. AdvertisementZuckerberg's net worth placed him behind Texas' richest person, Tesla CEO Elon Musk, and Amazon founder Jeff Bezos, who took the title in Florida. The 54 billionaires researched by Forbes for the report were together worth $1.6 trillion, $100 billion more than in 2023, the outlet said.

Persons: Mark Zuckerberg, Zuckerberg, —, Larry Page, Elon Musk, Jeff Bezos Organizations: Forbes, Service, Meta, Golden, Amazon, Business Locations: California, Meta, Texas, Florida, San Francisco, Palo Alto, Tahoe, Kauai, Hawaii

☆ Where Protesters on U.S. Campuses Have Been Arrested or Detained
▼ + stars: | 2024-05-02 | by ( The New York Times | ) www.nytimes.com time to read: +2 min

Campuses Have Been Arrested or DetainedPolice officers and university administrators have clashed with pro-Palestinian protesters on a growing number of college campuses in recent weeks, arresting students, removing encampments and threatening academic consequences. More than 2,300 people have been arrested or detained on campuses across the country. Tenn. Texas Utah Vt. Va. Wash. W.Va. Wis. Wyo. Tenn. Texas Utah Vt. Va. Wash. W.Va. Wis. Wyo. Since then, tensions between protesters, universities and the police have risen, prompting law enforcement to take action in some of America’s largest cities.

Persons: Columbia Dartmouth Emerson Emory F.S.U, Conn ., South Carolina U.S.F ., Madison U.S.C, Austin U.T, Dallas V.C.U, Yale P.S.U, Iowa Kan Organizations: Protesters, Police, Cal Poly Humboldt Case, Columbia Dartmouth, Fordham Indiana Univ . New, State Northeastern Northern Ariz ., State Northeastern Northern Ariz . Univ . Ohio State Princeton Stony, State Northeastern Northern Ariz . Univ . Ohio State Princeton Stony Brook New Paltz Tulane U.C.L.A, Buffalo Univ, Arizona Univ, Conn . Univ, Minnesota U.N.H, New Mexico Notre Dame Univ, South Carolina U.S.F, Tennessee Univ, Utah U.W, Virginia Tech, Yale, Pitt Univ, Virginia Art, Hawaii Idaho Ill, N.D . Ohio Okla, Columbia University Locations: U.S, N.Y.C . N.C, State Northeastern Northern, State Northeastern Northern Ariz . Univ, State Northeastern Northern Ariz . Univ . Ohio State Princeton Stony Brook, Hill, Arizona, Colorado, Conn, Florida, Georgia, Illinois U.M.W, Minnesota, New Mexico, South Carolina, Tennessee, Utah, U.T, Virginia, Michigan, Chicago Ala . Alaska, Calif, Colo, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, A.S.U, Gaza, America’s

☆ Sebastian Steudtner: Why big wave surfer feels most at ‘peace’ at the mercy of Mother Nature
▼ + stars: | 2024-05-02 | by ( Ben Church | ) edition.cnn.com time to read: +7 min

Set against these watery-monoliths of Mother Nature, Steudtner looks totally vulnerable, but it’s a brief moment in time when the surfer feels most at peace. “It’s complete chaos and you would think, as an outsider, it’s terrifying,” the big wave surfer tells CNN Sport. Simon Hofmann/Getty ImagesBig wave surfing is certainly not for everyone. “It’s the largest physical energy in the ocean which is about to explode on the shore, and I realize how small, little, insignificant and nothing we are as humans compared to nature,” Steudtner says. I can ride the wave the way I want to ride the wave.

Persons: Sebastian Steudtner, Nature, “, Steudtner, Octavio Passos, he’s, ” Steudtner, ”, Simon Hofmann, I’m, Eric –, lumpy ”, Stefan Matzke, windsurfer Organizations: CNN, CNN Sport, “, German Navy Locations: Portugal, Nazaré, Europe, Hawaii, Germany

☆ Crater offers new clue near-Earth asteroid is really a piece of the moon, scientists say
▼ + stars: | 2024-05-01 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

The space rock, known as 2016 HO3, is a rare quasi-satellite — a type of near-Earth asteroid that orbits the sun but sticks close to our planet. Astronomers first discovered it in 2016 using the Pan-STARRS telescope, or Panoramic Survey Telescope and Rapid Response System, in Hawaii. Scientists call the asteroid Kamo’oalewa, a name derived from a Hawaiian creation chant that alludes to an offspring traveling on its own. Kamo’oalewa specimen: A connecting puzzle pieceStudying crater impacts on the moon can also help scientists better understand the consequences of asteroid impacts should a space rock pose a threat to Earth in the future. There’s no other place, no other planet in our solar system with a moon like our moon.

Persons: they’ve, Giordano Bruno, Yifei Jiao, ”, Erik Asphaug, Kamo’oalewa, “ You’d, Asphaug, ” Jiao, ” Asphaug, Renu Malhotra, China’s, Patrick Michel, Noah Petro, Artemis III, Petro, “, ” Petro, “ It’s Organizations: CNN, Survey Telescope, University of Arizona’s, Laboratory, Tsinghua University, University of, London, NASA, Arizona State University, University of Arizona, National Centre for Scientific Research, Reconnaissance, Artemis Locations: Hawaii, Beijing, “, France

☆ The US Navy wants a lot more of a missile that just recently scored its first kill to counter Pacific threats like China
▼ + stars: | 2024-05-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The US Navy used its SM-3 missile interceptor in combat for the first time last month. AdvertisementThe US Navy will need a lot more of its SM-3 missile, an interceptor that only recently scored its first-ever kill, to counter Pacific threats like China, the sea service's top civilian official said on Wednesday. The Missile Defense Agency's budget request for FY25 cuts procurement of SM-3 Block IB variant, which became operational a decade ago. During Wednesday's hearing, South Carolina Rep. Joe Wilson referred to this variant as the Navy's "primary defense against tactical ballistic missiles for the Aegis Ballistic Missile Defense" weapons system. AdvertisementThe Navy, however, is already getting a taste of what it's like to battle anti-ship ballistic missiles.

Persons: —, Navy Carlos Del Toro, Del Toro, Joe Wilson, Paul Ignatius, MCS2 Nathan T, Beard Organizations: US Navy, China, Service, Navy, House Armed, Missile Defense Agency, Combat, Missile Defense, South Carolina Rep, Aegis Ballistic Missile Defense Locations: China, Tehran, Israel, Lake Erie, Kauai, Hawaii, Washington, Beijing, American, Iran, Gulf of Aden

☆ Tourists won't stop visiting a forbidden WWII-era landmark even as it's being destroyed due to over-tourism
▼ + stars: | 2024-04-30 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

The Haiku Stairs in Oahu, Hawaii, have long attracted tourists who hike them illegally. Though previously open to hikers who obtained permits, the Haiku Stairs were fully closed to the public in 1987. Hikers on the Haiku stairs, otherwise known as Stairway to Heaven, on Oahu, Hawaii. A woman and her dog were rescued in September after falling 50 feet while hiking the Haiku Stairs trail. In October 2022, local outlet KHON2 reported 118 people had been rescued on the Haiku Stairs since 2010.

Persons: they're, — Organizations: Service, US Navy, Honolulu City, Hawaii, Honolulu Police Department, Hawaii News, CNN, The Honolulu Police Department, Business Locations: Oahu, Hawaii, Honolulu

☆ I went to Hawaii for the first time. My trip would've been better if I'd known these 5 things before I left.
▼ + stars: | 2024-04-30 | by ( Megan Dubois | ) www.businessinsider.com time to read: +1 min

We didn't really get stuck in much traffic on Oahu. Megan duBoisBefore leaving for Oahu, I'd heard from friends and read on social-media groups that getting around can be difficult. My fears of sitting in traffic for the whole week set in before I even stepped foot off the plane. In reality, my family and I never got stuck in gridlocked traffic over our six days on the island. We also found the drivers to be much more courteous than we're used to back in Florida.

Persons: Megan duBois, I'd, Ko Olina Locations: Oahu, Ko, Pearl, North Shore, Florida

☆ 29-year-old ex-bartender now earns $100,000 working in AI without a college degree—here's how
▼ + stars: | 2024-04-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

For a while, Maruyama thought her career options without a college degree would be limited to low-wage jobs or becoming an entrepreneur. Cosmetic tattoo artists, who need to complete classes and acquire a license, tattoo permanent makeup and can camouflage bald patches and tattoo full scalps to create the appearance of hair. Maruyama obtained her cosmetic tattoo artist license in 2018 while living in Savannah. Most of the open jobs Maruyama saw online were in tech and required skills she had never heard of. At the same time, Maruyama started sharing her experience looking for — and landing — a job without a college degree on TikTok under the username @degreefree.

Persons: Maruyama, Hannah Maruyama, Ryan, Hannah, furloughed Organizations: CNBC, Georgia Southern, Georgia Southern University, Yama Studios, Honolulu Fire Department, AWS Locations: Savannah, AskMakeIt@cnbc.com, Honolulu, Hawaii, Saudi Arabia

☆ Tourists continue to visit Hawaii’s Haiku Stairs even as it gets removed for overtourism
▼ + stars: | 2024-04-29 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

The staircase, which was built during World War II by the US Navy, has remained a tourist site despite being officially closed to visitors since 1987. On April 23, five people were arrested and charged with first-degree trespassing, according to CNN affiliate Hawaii News Now. “On top of (access) being illegal, it’s an active worksite,” Honolulu PD District Maj. Randall Platt told Hawaii News Now. It has not yet been decided where the stairs will go after being removed. One local tourist attraction, Kualoa Ranch, has expressed interest in buying and housing them.

Persons: –, Randall Platt Organizations: CNN, US Navy, Hawaii, YouTube, Hawaii News Locations: Oahu, Honolulu’s, Honolulu, It’s, harm’s, ”

☆ American Airlines cuts some international flights into 2025 citing Boeing delivery delays
▼ + stars: | 2024-04-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. "We're making these adjustments now to ensure we're able to re-accommodate customers on affected flights," American said in a statement. Flights from New York to Barcelona will be suspended Sept. 3. Flights from Dallas/Fort Worth International to Dublin and to Rome, which were both scheduled as year-round flights, will now be suspended on Oct. 26. Flights from Chicago O'Hare to Paris will end Sept. 3 and resume next year.

Persons: John F, Boeing didn't Organizations: Boeing, American Airlines, Kennedy International, Fort Worth International, Dublin, Chicago O'Hare Locations: Barcelona, Europe, New, Athens, New York, Dallas, Rome, Chicago, Paris, Kona, Hawaii, Philadelphia, Miami, Montevideo, Uruguay, Sao Paulo, Brazil

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