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☆ Bitcoin's back on top, but it's not a boon for everyone in the space
▼ + stars: | 2024-03-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at bitcoin's latest rally and what's driving it so high this time around . The milestone comes amid a massive rally for bitcoin over the past month, where its price has surged almost 60%. Business Insider's Phil Rosen has a full rundown on what's pushing bitcoin's price so high this time . SOPA Images / GettyA boon for bitcoin doesn't mean everyone in the space wins. The insider I spoke to said there's no single, agreed-upon narrative for what's driving crypto toward a new peak.

Persons: —, you've, Phil Rosen, BlackRock's, Jamie Dimon, there's, Tom Williams, Doom, Roubini, BofA, Li Qiang, headwinds, Mark Zuckerberg's, Andrew Bosworth, Sam Altman's, Altman, Hugo Herrera, Lachlan Murdoch, Nordstrom, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Bitcoin, JPMorgan, Bank of America, Beijing, Apple, Getty, European Commission, Employees, BI, Boomers, Fox, Target Locations: bitcoin, China, Chengdu, Southwest China's Sichuan, New York, London

☆ Elon Musk's problems keep piling up as Tesla's value slides $188 billion this year
▼ + stars: | 2024-02-24 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

The world's richest person has faced problems at Tesla, SpaceX and X, ranging from a tanking Tesla valuation to an X advertiser exodus. Tesla's stock slide has erased about $188 billion from its valuation this year, according to Business Insider's calculations. The stock closed at just under $192, leaving it worth just over $600 billion at the close of trading Friday. Before you start feeling too sorry for Musk, though, he's still worth $208 billion. Justin Sullivan/Getty ImagesDelaware pay rulingTo add insult to injury, a Delaware judge also ruled against Musk's $55 billion Tesla pay package last month.

Persons: —, Elon Musk, Tesla, Seth Goldstein, Morningstar, Roth, Craig Irwin, Warren Buffett's Berkshire Hathaway, Eli Lilly, he's, He's, Elon, Justin Sullivan, Musk, rkbH7mKNw2, Fidelity, Axios, Starlink, Russia's Organizations: Service, Elon, SpaceX, Business, Big Tech, Microsoft, Apple, Nvidia, Meta, Tesla, EV, Bloomberg, Wall, Getty Images Delaware, Musk's, Lone Star, Twitter, Insider Intelligence, X Locations: Delaware, Tesla, Texas, Ukrainian, Chernihiv, Ukraine, Kyiv, Houston

☆ Why Bulgari and Armani are building designer homes in Dubai
▼ + stars: | 2024-02-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

CNN —Armani… Bulgari… Versace…The list reads like the directory of a designer shopping mall. It has more luxury branded residences than anywhere else in the world, knocking South Florida, the sector’s longstanding leader, off the top spot last year. On average, branded residences command a 30% premium compared to similar-quality properties in the same location. The deposits for off-plan purchases can often amount to more than $1 million for prime real estate. “There is a big appetite from both buyers as well as the developers, to continue with branded residences,” said Piro.

Persons: CNN — Armani, Bulgari … Versace, Savills, ”, Patricia Viel, ” ACPV, Bulgari, Viel, Faisal Durrani, Knight Frank Middle, Knight Frank’s, Knight Frank, it’s, Durrani, Rosa Piro, Tadao Ando, Arada, Piro, Armani, Giorgio Armani, Arada Durrani Organizations: CNN, Villa, ACPV, Neverending, Bulgari, Michelin, Resorts, Knight, United Arab, “, Armani, Jumeirah Locations: Dubai, South Florida, Milan, there’s, Aspen, Miami, Algarve, Bahamas, United Arab Emirates

☆ Breaking down the 'Fargo' season 5 finale — and whether it connected to past seasons in the end
▼ + stars: | 2024-01-20 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

Here's a complete breakdown of the finale of "Fargo" season five. Sheriff Tillman is arrested and ends up in prisonJon Hamm as Sheriff Roy Tillman in the "Fargo" season five finale. So, does 'Fargo' season 5 connect to previous seasons? Sienna King as Scotty Lyon and Juno Temple as Dot Lyon in the "Fargo" season five finale. Unfortunately, there aren't any overt connections between "Fargo" season five and the previous seasons, which is surprising considering the Easter eggs that have popped up before.

Persons: Noah Hawley's, Here's, —, Dot Lyon, Sheriff Roy Tillman, Jon Hamm, Sheriff Tillman, Roy Tillman, Tillman's, Tillman, Dot, Witt Farr, Lamorne Morris, he's, Gator, Joe Keery, Lorraine Lyon, Jennifer Jason Leigh, Roy, Ole Munch, Sam Spruell, Wayne, David Rysdahl, Scotty, Sienna King, she's, Lyons, Munch, Lyon, Scotty Lyon, Keith Carradine, Lou Solverson, Patrick Wilson, Lou, Wrench, Russell Harvard, Mary Elizabeth Winstead's, Mike Milligan, Bokeem, Satchel Cannon, Rodney L, Jones, didn't Organizations: Service, Juno, Sheriff, FBI Locations: Fargo, Roy

☆ Everything you're hearing right now about AI wiping out humans is a big con
▼ + stars: | 2023-11-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Many are shrugging off the supposed existential risks of AI, labeling them a distraction. They argue big tech companies are using the fears to protect their own interests. The timing of the pushback, ahead of the UK's AI safety summit and following Biden's recent executive order on AI, is also significant. More experts are warning that governments' preoccupation with the existential risks of AI is taking priority over the more immediate threats. Merve Hickok, the president of the Center for AI and Digital Policy, raised similar concerns about the UK AI safety summit's emphasis on existential risk.

Persons: —, You've, there's, Yann LeCun, Altman, Hassabis, LeCun, LeCun's, OpenAI's Sam Altman, Anthropic's Dario Amodei, Andrew Ng, hasn't, Anthropic, Aidan Gomez, Merve Hickok, Hickok, Rishi Sunak, Michelle Donelan Organizations: Service, Google, CNBC, Stanford University, Australian Financial, Guardian, Center, AI

☆ There's going to be a lot less new TV for a while. And that's brilliant.
▼ + stars: | 2023-07-16 | by ( Chris Johnston | ) www.businessinsider.com time to read: +4 min

Hollywood is facing its first strike by both writers and actors in more than six decades. It's going to mean a lot less new television this year, but that may not be such a bad thing. Almost 600 scripted TV shows were released in the United States alone last year. If that is the case, there might be a very big silver lining for us viewers: a break from the relentless release of new TV shows. Likewise with Donald Glover's often truly astonishing piece of performance art masquerading as television that's also known as "Atlanta."

Persons: they're, Jonathan Handel, you'd, I've, They're, Jeffrey Dahmer, Max, Donald Glover's, that's Organizations: Hollywood, Writers Guild of America, Netflix, Apple, Paramount, Lionsgate Locations: United States, Hollywood, Hulu

☆ I quit my job as a Southwest customer-service rep because I couldn't handle the holidays for another year. It's hell for everyone involved.
▼ + stars: | 2022-11-23 | by ( Katherine Stinson | ) www.businessinsider.com time to read: +7 min

In a statement to Insider, Southwest said its full-time employee count surpassed prepandemic totals. Ironically, Thanksgiving and Christmas Day were among the most peaceful shifts I had as a Southwest customer-service representative. I've worked nearly 10 holiday seasons at SouthwestI quit several weeks before the start of the 2022 holiday season. The thing people forget is that customer-service employees have families, too. In fact, Southwest reached an industry-first milestone over the summer when our total, active, full-time equivalent Employee count surpassed the number of Southwest Employees from pre-pandemic 2019 totals.

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