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Search resuls for: "Insider's Pete Syme"


8 mentions found


☆ The rental market is getting out of hand, with millions of Americans spending the majority of their paychecks on housing
  + stars: | 2024-01-26 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
In today's big story, we're looking at how much Americans spend on rent and why cheap properties are so hard to come by. And now a new Harvard study demonstrates how costly the rental market has become, Business Insider's Pete Syme writes. Harvard's Joint Center for Housing Studies estimated 12.1 million American households spend more than half their income on rent and utilities. That number grows to 22.4 million households for those spending more than 30% of their income on rent and utilities. Meanwhile, experts predict the housing market will reverse course this year as housing inventory increases and mortgage rates fall.
Persons: —, Tom Williams, Pete Syme, BI's Eliza Relman, Juliana Kaplan, There's, that's, Angela Ostafichuk, Justin Sullivan, Mario Tama, Tesla, Elon Musk, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Getty, Harvard, for Housing Studies, BI, Apple, Alaska Airlines, Boeing, American Express, Hyundai, Brands, Dolce, Gabbana Locations: Capitol, Washington, That'll, New York, London
☆ Elon Musk’s chaotic Twitter rebrand got the site blocked in Indonesia where X.com was once linked with porn or gambling, says report
  + stars: | 2023-07-26 | by ( Joshua Zitser | ) www.businessinsider.com   time to read: +3 min
Elon Musk has rebranded Twitter as 'X,' using a new domain — X.com. This has caused issues in Indonesia, where users are unable to access X.com, per Al Jazeera. Elon Musk announced on Sunday that the domain X.com, which he previously used for PayPal, had started redirecting users to Twitter. The ministry told Al Jazeera that the X.com domain had previously been used by websites that did not adhere to the country's regulations against "negative" content. Aribowo Sasmito, the cofounder of MAFINDO, a fact-checking group, told Al Jazeera that he believes the website was blocked because it sounded like "XXX," a porn site.
Persons: Elon, Al Jazeera, Elon Musk, Al, Priyandita, Sasmito, X.com, Musk, Peter Thiel's Confinity, Insider's Pete Syme, Usman Kansong, Kansong, Jack Dorsey Organizations: Twitter, Service, PayPal, Indonesia's Ministry of Communication, Informatics, Australian Strategic Policy Institute, eBay, eBay Inc Locations: Indonesia, Al Jazeera, Wall, Silicon
☆ Vision Pro fans will need an appointment if they want to buy Apple's $3,500 headset from a store, report says
  + stars: | 2023-07-07 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Apple will need to book an appointment to buy the Vision Pro headset in-store. The company is planning a retail launch for the headset next year, Bloomberg reported. Apple fans hoping to get their hands on the Vision Pro will need to book an appointment to buy the headset in-store. The Vision Pro will be rolled out next year, with stores in New York and Los Angeles among the first to stock the device, per Bloomberg. Apple's Vision Pro is the company's first major product release in eight years.
Persons: groans, Insider's Pete Syme, Elon Musk Organizations: Apple, Bloomberg, Vision, Worldwide, Conference Locations: New York, Los Angeles
☆ Elon Musk mocks Apple's Vision Pro by taking a swipe at its price tag
  + stars: | 2023-06-12 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Elon Musk has poked fun at the price of Apple's new mixed-reality headset. Apple launched the Vision Pro, the company's first major product in eight years, last week. The $3,499 price tag for Apple's new Vision Pro headset may even be too steep for the world's richest man, Elon Musk. The image compared Apple's new headset to a bag of mushrooms with the text: "Apple $3,500 augmented reality VS. $20 augmented reality." Apple launched the Vision Pro — its first major product in eight years — last week.
Persons: Elon Musk, Musk, Pete Syme, Apple, Tim Cook Organizations: Apple, Vision, Morning, Pro, Worldwide Developer Conference, Big Tech, Representatives
☆ Metaverse user laughed at Apple Vision Pro's $3,499 price tag and said he'd only be willing to pay $700, report says
  + stars: | 2023-06-07 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
A Metaverse user thinks Apple's eye-watering price tag for its new Vision Pro is laughable. The user told the Financial Times he was only willing to pay around $700 for Apple's new headset. The $3,499 price tag was met with an exasperated response from audience members on Monday. A Metaverse user thinks the high price tag for Apple's Vision Pro headset is laughable. However, its price tag has been somewhat controversial.
Persons: Jiople15, groans, Pete Syme, Anisha Bhatia Organizations: Financial Times, Worldwide Developer Conference, Vision Pro, Apple Locations: Texas
☆ One of the world's most expensive cities just raised the minimum wage by 32 cents an hour — and it's getting absolutely slammed for it
  + stars: | 2023-05-03 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Financial hub Hong Kong is one of the world's most expensive cities. On Monday, the city raised its minimum wage by 32 cents to about $5.1 per hour. A wage hike of 2.5 Hong Kong dollars, or roughly 32 cents, means that Hong Kong's minimum wage is now 40 Hong Kong dollars per hour — a 7% increase from 37.50 Hong Kong dollars previously, per the announcement. In 2022, Hong Kong was the most expensive city to live in, according to consulting firm Mercer's cost of living list of over 200 cities. The society added the minimum wage should be at least 53.40 Hong Kong dollars — 30% over the current level.
☆ A viral ATM showing people's millions sparks the question: How much cash should you have?
  + stars: | 2022-12-02 | by ( Libkane | Executive Editor | Personal Finance Insider | ) www.businessinsider.com   time to read: +4 min
An ATM installation at Art Basel Miami Beach is displaying and ranking people's bank balances. An ATM is typically used in conjunction with a checking account, which would mean people have tens of thousands — even millions — readily accessible. A checking account shouldn't hold all your moneyA checking account is only one part of a smart banking setup. One checking account is for bills, and the other is for spending via debit card. One savings account is for your emergency fund, and the second is for other goals.
☆ The memes mocking anyone with paid Twitter verification checks have arrived — and they're merciless
  + stars: | 2022-11-10 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
Twitter users can now purchase a blue verification checkmark as part of the $8 Twitter Blue subscription. The change sparked widespread memes as users mocked those willing to pay for verification. The $8 Twitter Blue subscription means anyone can pay to be verified, but their blue check comes with a disclaimer. As the memes continue to swirl around those paying for a Twitter Blue subscriptions, creators are defending their choice to cash in on the blue checkmark offer. In Wednesday's Twitter Space, Musk admitted offering the blue checkmark for $8 might be "a dumb decision, but we'll see."
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