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☆ The next airport terminal lounge or club you pass may also be a bank branch
▼ + stars: | 2024-05-03 | by ( Kevin Williams | ) www.cnbc.com time to read: +9 min

"One woman wanted to rent my office to work," remembers Lisa Slocum, the airport Fifth Third Bank branch manager. Capital One closed its branch at Washington, D.C.'s Dulles International Airport in 2020, instead creating "airport lounges" for cardholders in Dulles, along with similar spots at airports in Denver and Dallas. Yet full-service airport bank branches are a relative rarity, surprising in a retail landscape that often resembles an upscale mall more than a terminal. Fifth Third BankWells Fargo operates a full-service branch in Las Vegas's Harry Reid International Airport, and according to a bank spokeswomen, has a multi-year relationship with the airport that involves both the branch and multiple ATMs throughout terminals. McAdam says ATMs and advanced-function kiosks are one thing, but a full-service branch, except maybe in the largest markets, is overkill.

Persons: Kevin Williams Nicolette Nelson, Nelson, It's, Lisa Slocum, Slocum, Hannah Thelen, Ashley Thelen, Mindy Kershner, CVG's, Marketing Brent Andersen, Andersen, that's, Chase, John Sieg, Sieg, Harry Reid, Wells Fargo, Brian Davis, Paul McAdam, Power, McAdam Organizations: Northern, Northern Kentucky International, Fifth Third Bank, Fifth, Bank, TSA, Third, Dulles, Airport, Capital One, Washington , D.C, Wings Credit Union, Paul International Airport, Wings, Marketing, JPMorgan Chase, PNC, Sky, Fifth Third Bank Wells, Harry Reid International Airport, Truist Bank, Hartsfield, Jackson Atlanta International Airport, Financial Locations: Fairbanks, Cincinnati, Northern Kentucky, Spain, Washington ,, cardholders, Dulles, Denver, Dallas, it'd, Kentucky, Minneapolis, St, Las, Vegas, New York City, New York

☆ Scientists solved the 70-year-old mystery of an insect's invisibility coat that can manipulate light
▼ + stars: | 2024-04-15 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +5 min

"This is really the first study to understand how the brochosome's complex geometry interacts with light," Wong said. After almost a decade of research, they managed to 3D print the world's first synthetic brochosomes. Wong's future research will partly focus on making smaller synthetic brochosomes to target the shorter end of the electromagnetic spectrum. Yaorusheng/Getty ImagesAlthough Wong's synthetic brochosomes mark a major step towards invisibility-cloaking technology, scientists are still decades away from bringing anything to market. "Depending on our imagination, I think there are many cool applications that can come out of brochosomes," Wong said.

Persons: —, Tak Sing Wong, aren't, Lin Wang, Wong Brochosomes, Wong, Wong's, brochosomes, Hao Xin Organizations: Service, Pennsylvania State University, Penn State, Business, University of Arizona, European Union Locations: brochosomes

☆ Alaska's ice road oil truckers are in a boom, and causing a backlash
▼ + stars: | 2024-03-15 | by ( Kevin Williams | ) www.cnbc.com time to read: +11 min

With various North Slope oil production projects just ramping up, the years ahead look very promising for trucking in Alaska. Among the new North Slope activities is the ConocoPhillips Willow Project, which the Biden administration approved last year. A Doyon Drilling Inc. oil rig stands on the North Slope in Prudhoe Bay, Alaska, U.S., on Friday, Feb. 17, 2017. Daniel Acker | Bloomberg | Getty ImagesMeanwhile, the Pikka oil project by Australian company Santos is also taking shape on the North Slope, 50 miles west of Deadhorse. Most of the North Slope oil infrastructure (supplies, machinery, parts) is supplied by trucks that have to traverse the 414-mile Dalton Highway (Alaska Route 11).

Persons: Daniel Acker, Jeremy Miller, Carlile, Biden, Willow, Santos, Miller, Matt Jolly, Jolly, Joe Michel, Michel, Dalton, Jomo Stewart, axel, Stewart, Scott Kawasaki, Ashley Carrick, Kawaski, Kawasaki Organizations: Parker, Trans, Trans Alaska Pipeline System, Bloomberg, Getty, Transportation Systems, ConocoPhillips Willow Project, ConocoPhillips, Alaska Department of Natural Resources, Alaska West Express, Alaska Trucking Association, Caelus Energy, Fairbanks Economic Development Corp, Kinross, Food, Getty Images Bloomberg, Getty Images, Fairbanks, Kawasaki, Alaska Department of Transportation, Anchorage Daily News Locations: Prudhoe Bay , Alaska, U.S, Trans Alaska, United States, Alaska, Anchorage, Australian, Deadhorse, Prudhoe Bay, Dalton, Alaska West, North, Wawa, Harrison Bay , Alaska, Fairbanks, Fort Knox Alaska, Kinross, Tetlin , Alaska, Tetlin, Kinross Alaska, Getty Images Alaska

☆ I walk 10,000 steps a day—a longevity expert says I'm doing myself a favor: It's 'the most effective way' to exercise
▼ + stars: | 2024-01-11 | by ( Ester Bloom | In Esterbloom | ) www.cnbc.com time to read: +3 min

So far, I'm succeeding: In 2023, I averaged 10,632 steps a day, or just over 5 miles. But walking a lot can still improve your well-being: Just 4,000 steps per day reduces your risk of "all-cause mortality," according to a recent study. Certified nutritionist and longevity expert Michiko Tomioka, who herself aims for 10,000 steps a day, says that's "the most effective way [to get exercise]: Just take a walk." But to keep my body from complaining, I've had to invest in durable, supportive shoes, and quality doesn't come cheap. Hitting 10,000 steps requires being intentional—and creativeOn weekends, I may take my kids with me as I wander, or my husband, or my neighbors and proto-friends.

Persons: Michiko Tomioka, I've, Una Naidoo, Ester Bloom, Aaron, Sorkin, he'd Organizations: Harvard Medical School Locations: Manhattan, Bronx, New Orleans

☆ Cher is asking a court to put her in charge of her 47-year-old son's finances, fearing he and his estranged wife will blow the money on 'self-destructive' purposes
▼ + stars: | 2023-12-28 | by ( Julie Gerstein | ) www.businessinsider.com time to read: +5 min

On Wednesday Cher filed for conservatorship over her 47-year-old son Elijah Blue Allman. Allman, the petition claims, is "unable to manage his financial resources" due to drug addiction and mental health issues. According to the petition, Allman has $120,000 left in a trust from his late father, Greg Allman. In a petition filed in Los Angeles Superior Court on Wednesday, Cher said that the 47-year-old is "currently unable to manage his assets due to severe mental health and substance abuse issues." AdvertisementAccording to the petition, Allman's crisis escalated after reconnecting with his estranged wife, Marieangela King.

Persons: Cher, conservatorship, Elijah Blue Allman, Allman, Greg Allman, —, Singer Cher, Allman's, Elijah, reconnecting, Marieangela King, Angela, King, King isn't, he'd Organizations: Service, Los Angeles Superior Court, Business, Entertainment Locations: Los Angeles, New York, United States

☆ McDonald's is in the midst of some big changes that show the changing tides in the world of fast food
▼ + stars: | 2023-12-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

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 some of the recent big changes at McDonald's, including the launch of a new restaurant concept. AdvertisementCold foam and oat milk are big business, as drink modifiers add up to roughly $1 billion in revenue for Starbucks. McDonald's app has grown over the years, with over 57 million active members, but it still leaves much to be desired. To be sure, 10 CosMc's is not even a drop in the bucket of McDonald's 40,000-plus restaurant empire.

Persons: —, I'm, Joe Ciolli, Iman Jalali, Nancy Luna, It's, McDonald's, Nancy, CosMc's, Jamie Dimon, Jerome Powell, Jose Luis Magana, Ryan Detrick, Niklas Halle'n, Rebecca Zisser, Jeff Bezos, OpenAI's Ilya Sutskever doesn't, Sam Altman's, hasn't, Elon Musk's, Ben Bergman, Adam Neumann's, Insider's Ben Bergman, Z, Donald Trump, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Starbucks, Nancy, McDonalds, McDonald's, Reserve, Banking, Housing, Urban Affairs, Capitol, Carson Group, Getty Images, San, Sutskever, Visual China, Getty, Fort, Trump Organization, Trump Organization . Golden Globe Locations: Chicago, , Illinois, Texas, Washington, AFP, San Francisco, Fort Lauderdale, New York City, San Diego, London, New York

I love my online bank account, but an in-person account was the best way to get European cash. But it has been the perfect fit for me, and I will sing most online banks' praises to anyone who will listen. So imagine my surprise when my husband convinced me to open a Chase checking account (while still keeping our online bank accounts). Our online bank doesn't exchange foreign currency. AdvertisementSo we transferred $500 from our online checking account to Chase, and the $300 was deposited into our account within 15 business days.

Persons: Chase, —, I'd, …, I'm, you'd Organizations: Service, Sapphire, Chase Locations: Europe

☆ There's an easy way cities can lure in more holiday shoppers: Get rid of street parking
▼ + stars: | 2023-10-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Some shop owners fear that reducing street parking will hurt their sales. But there's mounting evidence that street parking isn't necessarily good for business. The study notes that shop owners often oppose removing street parking around them because they're "afraid of deteriorated accessibility, declining pedestrian frequencies, and lower revenue." Previous studies have shown that bike lanes and more pedestrian-friendly, walkable, and car-light areas are better for business. Shopping districts are much like outdoor malls, which are most convenient and popular when they have both adequate garage parking and are accessible by mass transit.

Persons: —, Tom Harris Organizations: Service, Protesters, RWTH Aachen University, New York City Department of Transportation, New, Times, Times Square Alliance Locations: America, —, Connecticut, Germany, Aachen, New York City, Park Slope, Brooklyn, New York, downtowns

☆ 49-year-old was an award-winning bartender, now he practices 'mindful drinking'—here's how it changed his life
▼ + stars: | 2023-10-31 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

So, I think my life was uniquely shaped by alcohol," Brown says. After a moment of clarity where Brown realized "I wasn't my best self," he gravitated towards mindful drinking. What is mindful drinking? Mindful drinking isn't one-size-fits-all, he adds. In his own life, mindful drinking for Brown means not drinking for the most part.

Persons: Derek Brown, Brown, Alcohol's, Brown hasn't Organizations: CNBC, Inc Locations: Washington, Columbia

☆ Morocco's king keeps regal distance even in earthquake crisis
▼ + stars: | 2023-09-15 | by ( Aidan Lewis | ) www.reuters.com time to read: +5 min

Analysts and rights groups say the political class has been largely co-opted, while real power rests with the king and his "Makhzen", or Morocco's old political establishment. The tremor has, however, shown the unevenness of Morocco's economic development. Meanwhile, Forbes ranked the king in 2015 among Africa's richest men, with personal wealth valued at more than $5 billion. The king ordered Almada to donate 1 billion dirhams ($100 million) to an earthquake response fund. While the king has made few appearances since the earthquake, government officials have also kept a low profile.

Persons: King Mohammed VI, Hassan II, isn't, Aboubakr Jamai, Mohammed, Almada, Manar, Aidan Lewis, Edmund Blair Organizations: Royal Armed Forces, American College of, Forbes, Africa's, Thomson Locations: Rabat, Marrakech, Morocco, Africa, France, Tunisia, Egypt, Moroccan, Tangier, Casablanca, Almada, London

☆ ‘Liquid staking’ is one pocket of crypto seeing big growth this year. Here’s what investors need to know
▼ + stars: | 2023-09-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Liquid staking protocols give investors access to liquidity while staking their funds. In April, the total value locked in liquid staking protocols began outpacing the total value locked in lending protocols and decentralized exchanges, according to DefiLlama. Here's what investors need to know about liquid staking compared to regular staking. It's less risky Like anything in crypto, liquid staking isn't without its risks – primarily technological and regulatory. "Staking as an activity has become too risky and it's a no-brainer for many people who are considering vanilla staking versus liquid staking," said Christine Kim, vice president of research at Galaxy.

Persons: It's, Conor Ryder, Ethereum, stakers, Riad Wahby, Wahby, Christine Kim, Ryder, USDT – Organizations: Silvergate Bank, Ethena Labs, Galaxy Locations: DeFi, Shanghai, Solana, Polkadot

☆ Meet the genius behind Japan's viral 'barely useful' inventions, who designs over-the-top contraptions for oddly specific needs — and earns a living doing it
▼ + stars: | 2023-09-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Kazuya Shibata, 27, is a Japanese engineer who makes what he calls "barely useful" inventions. The "Gorgeous Show Box" is meant to do exactly what its name implies — make something supposedly boring seem, well, gorgeous. He quit his job in 2021, and has since devoted himself to making "barely useful" creations. So far, the "Gorgeous Show Box" has been used to present medicine, whiskey, and other products, Kazuya said. "It's very difficult to come up with ideas that are 'just barely useful,'" Kazuya admitted.

Persons: Kazuya Shibata, they've, it'll, Kazuya, Kazuya Shibata's, Kazuya tinkered, I've, doesn't, Kazuya's, he's, Steve Jobs, unexpectedness Organizations: Service, Capcom, Apple Locations: Japanese, Wall, Silicon, Hiroshima, Japan

☆ As the world gets hotter, millions of workers face up to the challenge of heat stress and productivity losses
▼ + stars: | 2023-07-05 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +7 min

According to those involved in the report's production, warmer working environments can create some very challenging scenarios indeed. Issues relating to productivity also apply to equipment, facilities and buildings, Fox said. "The economic losses due to heat stress at work were estimated at US$280 billion in 1995," the U.N. agency said. "This clothing can be quite cumbersome … and quite hot to wear, even under cold conditions," Fox said. Fox noted that buildings of this type haven't particularly been designed with heat ingress — especially extreme heat ingress — in mind.

Persons: Tim Fox, Fox, Marco Bertorello, that's, Laura Kent, Jorge Guerrero, Yolanda Díaz, Díaz, It's Organizations: World Meteorological Organization, of Mechanical Engineers, CNBC, International Labour Organization, Workers, AFP, Getty, ILO, Fox, Factories, Health, Safety, Spain's, Labour, Social, State Meteorological Agency, Spain's Labour Ministry, Reuters, heatstroke . Trade, Union Locations: Europe, Italy, Ronda, Spain, Madrid, heatstroke, Britain, Ireland

☆ I drove the $20,000 Ford Maverick and found the bare-bones truck proves that less can be more
▼ + stars: | 2023-06-12 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

The bare-bones Maverick XL hybrid lacks creature comforts like cruise control and power mirrors. The first time I hopped into the new Ford Maverick pickup, I did what any driver would do in an unfamiliar vehicle. The base Maverick XL, which Ford loaned me for a weekend in December, costs $20,000 before fees, which makes it the cheapest model in Ford's lineup. Ford Maverick XLT ($22,360) : adds cruise control, a nicer interior, power mirrors, an in-bed storage cubby, and other features. During my time with the Maverick XL, I debated whether the stripped-down truck would be worth the sacrifices I'd have to make.

Persons: There's, I'd, Tim Levin, Ford, Ford Maverick, Tom Holland Organizations: Morning, Ford, Maverick, Honda, Ford Maverick XL, Maverick XL, Apple, Android, Environmental Protection Agency, Chevy Silverado, Hyundai, Cruz, — Locations: New York

☆ Banks are all-in on AI, but there's one problem: They can't hold on to the talent. Here's why.
▼ + stars: | 2023-05-23 | by ( Paige Hagy | Bianca Chan | ) www.businessinsider.com time to read: +9 min

Big banks are hiring a lot of AI talent, but are having a tough time holding on to it. The difficulty banks have retaining AI talent, however, isn't due to poaching among peers. Banks can lure in AI talentIt's true that big banks have the wherewithal to hire and capitalize on top AI talent and are attractive at the outset to those looking for a new shop. "The AI talent coming to the financial-services industry is almost like supporting the tech talent, if you will," Hirsch said. Big Tech has its own problems right nowTo be sure, banks are snagging from Big Tech too.

☆ 20 stocks expected to outperform the market, including one by 2,637%, according to a fintech company that tracks Wall Street's top analysts' price targets
▼ + stars: | 2023-04-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

The S&P 500 could see a steeper downturn for the remainder of the year. This could mean a micro-driven market of stock pickers will outperform the broad market. Below is a list of 20 stocks with high upside compiled by TipRanks, a data-driven financial company. Morgan Stanley's chief US equity strategist is forecasting a 20% plunge for the S&P 500. The S&P 500 returned 106% for the same period.

☆ I quit an emotionally-draining job and started a dog-walking business. I love being my own boss and finishing work at 4.30 p.m.
▼ + stars: | 2023-02-28 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +5 min

Kelsey Clark became a professional dog walker after she quit a job at a veterinary clinic. When she came back, she needed a dog walker and asked whether I was available. If they get to a time when they're looking for a dog walker, they think of me. When people ask me what I do, they think it's a joke or that dog walking isn't a career you can make good money from. I love dog walking, but I've had some negative experiencesWhile I enjoy walking dogs, I've been in upscale areas and had people yell at me because they think a dog I'm walking is too excited.

☆ Why do people buy crackpot conspiracy theories?
▼ + stars: | 2023-01-26 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

When it comes to the spread of cockamamie conspiracy theories, Twitter was a maximum viable product long before Elon Musk paid $44 billion for the keys. The more you think you're right all the time, a new study suggests, the more likely you are to buy conspiracy theories, regardless of the evidence. It'd be better, or at least more reassuring, if conspiracy theories were fueled by dumb yahoos rather than self-centered monsters. Still, most scientists thought conspiracy theories weren't worth their time, the province of weirdos connecting JFK's death to lizard aliens. Pennycook's findings also suggest an explanation for why conspiracy theories have become so widely accepted.

☆ Disney board exposed itself to activist intervention, but Peltz may be overreaching
▼ + stars: | 2023-01-12 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

Disney's share price spike in 2021 was caused by the same phenomenon — investors charging into streaming services with significant subscriber growth. Activist investor Nelson Peltz spent about 30 minutes Thursday morning speaking with CNBC's Jim Cramer and David Faber in a wide-ranging interview about why he wants a Disney board seat. Now Iger's back, and the Disney board has tasked him with finding a successor in the next two years. It's a far easier case to be made that Disney's board and Iger have consistently bungled succession planning. As Trian noted in its presentation (on Slide 28), the Disney board extended Iger's retirement date five different times between October 2011 and December 2017.

☆ Fed rate hike pushes small business loan interest over 10% for first time in nearly a generation
▼ + stars: | 2022-12-14 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

Many business owners have never seen double-digits," said Rohit Arora, co-founder and CEO of small business lending platform Biz2Credit. Almost a quarter of small business owners said they are paying a higher rate on their most recent loan, and the highest since 2008. The latest CNBC Fed Survey shows the market forecasting a peak Fed rate around 5% in March 2023 and the rate being held there for nine months. "Talking to small business owners looking for financing, it's starting to slow things down," Hurn said. Small business loan approval percentages at big banks dropped in November to the second lowest total in 2022 (14.6%), according to the latest Biz2Credit Small Business Lending Index released this week; and also dropped at small banks (21.1%).

☆ 'Bulldog' lawyer Thomas Lauria Lauria predicted a crypto 'liquidation boom' well before Sam Bankman-Fried's FTX filed for bankruptcy
▼ + stars: | 2022-11-11 | by ( Jack Newsham | Sindhu Sundar | ) www.businessinsider.com time to read: +14 min

Thomas Lauria runs the bankruptcy team at White & Case where clients have included Hertz and Johnson & Johnson. But Lauria told Insider that the ability of crypto companies to reorganize will depend on whether they have any real assets. Notably, when Lauria represented Hertz in its Chapter 11 case during the coronavirus pandemic, even its unsecured creditors were repaid in full. So I'm not sure that what's happening in crypto right now is really going to be a reorganization boom, but really probably more of a liquidation boom. About $10 billion of Hertz debt, when they filed, was related to financing in connection with their US fleet.

☆ One of Wall Street's most exclusive clubs is about to add a few more members
▼ + stars: | 2022-11-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's the most wonderful time of the year... for a select few at Goldman SachsIt's one of the most exclusive clubs on Wall Street, and it's ready to open its doors to an esteemed few. Goldman Sachs is preparing to announce its newest crop of partners in what is the closest thing Wall Street has to a coronation. But, as crazy as this might sound about a bunch of people on Wall Street, it's more than just another zero at the end of your paycheck. Under Solomon, the partnership class has been 69 (in 2018) and 60 (in 2020), down a reasonable amount from the class prior to when Solomon took over (84 in 2016). Here's some advice on how to manage work-life balance on Wall Street from a former rising star at Bank of America.

☆ Stephen King says he'll quit Twitter if Elon Musk makes him pay $20 a month to be verified: 'they should pay me'
▼ + stars: | 2022-10-31 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Elon Musk is reportedly considering making people pay $20 per month to stay verified on Twitter. Author Stephen King tweeted that he'll quit the site if that idea is implemented. King tweeted on Monday that he would leave Twitter if the plan is implemented. "$20 a month to keep my blue check? Musk's first few days as Twitter owner have been messy, beyond public figures saying they would leave the site.

☆ Stock picking isn't dead. But it might as well be for most investors
▼ + stars: | 2022-10-25 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Index funds tend to be cheaper. Obviously, index provider S&P Global (SPGI) has a vested interest in promoting passive funds backed to various benchmark indexes. Even legendary investing guru Warren Buffett of Berkshire Hathaway (BRKB) has extolled the virtues of index funds for average investors. He noted that just one of every four active funds beat their passive benchmarks over the ten years ending in June. That’s why some investors aren’t singing a funeral dirge for active stock picking – just yet.

☆ Inside the life of Silicon Valley private chefs who make up to $170,000 to fly on private planes, drive Lamborghinis and live in California mansions
▼ + stars: | 2022-05-25 | by ( Becky Peterson | ) www.businessinsider.com time to read: +11 min

"Some want you to be a butler and put slippers by the door," said one private chef who asked to remain anonymous for fear of reprisal. From the NDAs to the high-flying perks and special diets, some of Silicon Valley's private chefs share their experiences. When he turned to private cooking several years ago, he stepped into a different and sometimes surreal world. His business is built on a core tenet of the private-chef world, which is that people who hire private chefs often have more money than they have time. Besides their cooking skills, the most important skill in the world of private chefs is discretion.

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