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☆ I moved using the Amtrak Auto Train, where you bring your car with you. The 17-hour ride went by fast and we avoided tons of traffic.
▼ + stars: | 2024-05-08 | by ( Aleah Wright | ) www.businessinsider.com time to read: +4 min

When it comes to traveling from Florida to Virginia, the Amtrak Auto Train is one of the best ways to get around. By riding the Auto Train, I saved over 900 miles on my car and skipped all of the traffic on Interstate 95. Here's what taking the Amtrak Auto Train was like and why I think it's worth every penny. When it came to purchasing tickets for the Amtrak Auto Train, I tried to pick the cheapest option, which was in the coach section. Unloading my car was a pretty simple processThe Amtrak Auto Train boarding and unloading process was pretty smooth.

Persons: —, I've Organizations: Service, Amtrak, Business, Amtrak Auto, Amtrak Auto Train, Getty Locations: Florida, Virginia, Sanford , Florida, Lorton , Virginia, Miami, stow

☆ Elon Musk is a homeowner again, despite his claims of couch surfing
▼ + stars: | 2024-05-08 | by ( Grace Kay | Jack Newsham | ) www.businessinsider.com time to read: +7 min

As recently as April 2022, the billionaire Tesla founder claimed in an interview that he was couch surfing and didn't "even own a place right now." In redacted court filings from December, Musk said he purchased the home in February 2022 and that he still lives there. In 2023, the Austin property was appraised at nearly $7 million, county tax records show. Less than a year later, in April 2022, Musk said again that he didn't own a home and rotated between friends' spare rooms. Eight weeks later, the LLC that purchased the Austin house was formed.

Persons: —, Elon, Tesla, Grimes, Musk, Stefan Cassella, I'd, he'd, they'd, I'm, Austin, Ken Howery, Walter Isaacson, Tesla's Austin Gigafactory Organizations: Service, Business, Texas, State, Department of Justice, SpaceX, Street Journal, PayPal, Austin, Montessori Locations: Austin, Texas, California, San Francisco, Colorado, Bastrop , Texas, Tesla's

☆ Organized retail theft ring that targeted Macy's, other retailers is charged in New York
▼ + stars: | 2024-05-08 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. "Through our investigation, we found that Rehana's Cosmetics was well-known to shoplifters, who would willingly bring them stolen items," Bragg said. Manhattan District Attorney Alvin Bragg announced an indictment relating to more than $1 million in stolen goods as part of a retail theft fencing operation. The charges come as retailers such as Target and Ulta increasingly cite theft as a growing problem at their stores. In March, a monthslong CNBC investigation showed how police broke up an organized retail crime ring that stole millions in cosmetics from Ulta stores and resold them on Amazon .

Persons: shoplifters, Bragg, Rehana's, Alvin Bragg, Attorney Alvin Bragg Organizations: Empire, Manhattan, Attorney, CNBC, Attorney's Office, CVS, Manhattan District Locations: New York City, Midtown Manhattan, borough's, New York

☆ The only way to prove your professional worth is to work at it, says NBCUniversal's Bonnie Hammer
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe only way to prove your professional worth is to work at it, says NBCUniversal's Bonnie HammerNBCUniversal vice chair and ’15 Lies Women Are Told at Work’ author Bonnie Hammer joins 'Squawk Box' to discuss essential career advice in the workplace, the difference between personal worth and professional worth, the importance of mentors, and more.

Persons: Bonnie Hammer

☆ FTX Customers Poised to Recover All Funds Lost in Collapse
▼ + stars: | 2024-05-08 | by ( David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Customers of the failed cryptocurrency exchange FTX are poised to recover all of the money they lost when the firm collapsed in 2022 and receive interest on top of it, the company’s bankruptcy lawyers said on Tuesday. The announcement was a landmark in the attempt to recover the $8 billion in customer assets that disappeared when FTX imploded virtually overnight, setting off a crisis in the crypto industry. Those payments would flow from a pool of assets that FTX’s lawyers have pulled together in the 17 months since the exchange collapsed, the lawyers said. The amount owed to customers was calculated based on the value of their holdings at the time of FTX’s bankruptcy in November 2022. A customer who lost one Bitcoin when FTX imploded, for example, would be entitled to less than $20,000, even though a Bitcoin is now worth more than $60,000.

Persons: FTX Locations: Delaware

☆ Young Michigan voters reveal deepening political problems for Biden seven months after start of Israel-Hamas war
▼ + stars: | 2024-05-08 | by ( John King | ) edition.cnn.com time to read: +11 min

“All roads to the White House go through Michigan,” Gray said. “Michigan is up for grabs, and I did not think I would be saying this right now. “And that starts with calling for a cease fire, for listening to his student voters across the country.”A sign in the encampment at the University of Michigan in May 2024. Younger voters were critical to Biden returning Michigan to the blue column in 2020; exit polling showed Biden winning 61% of voters aged 18-29, to just 37% for Donald Trump. Both hope a break from campus protests and demonstrations will give younger voters time and space to see a bigger picture.

Persons: Ann, Jade Gray, ” Gray, ”, Gray, Jalisatgi, Joe Biden, “ Joe Biden, CNN Jalisatgi, Biden, Donald Trump, Matkin, “ I’d, Summer Matkin, John King, Taylor Swift, ” Matkin, Trump, “ I’ve, Maya Siegmann, Siegmann, “, …, Siegmman, Hillel, ” Siegmann, Benjamin Netanyahu, Ibrahim Ghazal, Ghazal, ” Ghazal, ” Ibrahim Ghazal, CNN Ghazal, I’m, Who’s, ” Jalisatgi Organizations: Ann Arbor , Michigan CNN, University of Michigan Student Union, College Democrats, University of Michigan, CNN, Biden, Younger, Michigan Democrats, Wayne State, Trump, Wayne, CNN Wayne State, Hillel, Jewish, Israel, Democratic, GOP, New University of Michigan, Jalisatgi, University of Michigan’s, Supreme Locations: Ann Arbor , Michigan, Gaza, Michigan, “ Michigan, Israel, Detroit, Palestine, Wayne State, Dearborn, Dearborn Heights, Hamtramck, Missouri

☆ FTX plans to give customers their money back — with one painful caveat
▼ + stars: | 2024-05-08 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

FTX will pay back 98% of creditors at least 118% of what they're owed, its bankruptcy lawyers said. But payments will be based on crypto values in 2022, not what its worth now as the prices surge. FTX predicts it will have between $14.5 and $16.3 billion available for distribution — mostly from previous Alameda and FTX Ventures investments, bankruptcy lawyers said. FTX founder Sam Bankman-fried was arrested in January 2023 and convicted last fall of fraud, conspiracy, and money laundering. The jury was not allowed to consider any bankruptcy activities in rendering its verdict — though the judge factored into his sentencing that FTX lawyers said victims would recover their losses.

Persons: FTX, they're, —, Jacob Shamsian, Sam Bankman Organizations: Service, FTX Ventures, Bloomberg Locations: Alameda

☆ The New York Mets are selling a $40 steak and lobster sandwich—is it worth the money?
▼ + stars: | 2024-05-08 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

When it comes to ballpark bites, I'm as frugal as it gets. Any trip to a baseball game starts at a deli so I can grab a sandwich to bring into the stadium. If I'm going to be paying a markup I'd rather buy a $15 beer than a $7 hot dog. With a built-in Shake Shack and countless options for every type of cuisine you could want, it's a great time to be a foodie in Flushing, Queens. But $40 for a sandwich?

Persons: it's Organizations: New York Mets, Citi Locations: Flushing , Queens

☆ Former MGM Grand casino president to be sentenced for failing to report bookie's bets
▼ + stars: | 2024-05-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Resorts World Las Vegas President Scott Sibella speaks during the opening of Resorts World Las Vegas on June 24, 2021 in Las Vegas, Nevada. The former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon on a federal criminal charge related to his failure to report millions of dollars in wagers by an illegal bookmaker at his casino. Sibella's lawyers have asked that he be sentenced to probation, as have prosecutors. Sibella admitted knowing that a patron of his casino, Wayne Nix, ran an illegal bookmaking business, according to the Department of Justice. "Despite this knowledge, Sibella allowed Nix to gamble at MGM Grand and affiliated properties with illicit proceeds generated from the illegal gambling business without notifying the casino's compliance department," the DOJ said in January.

Persons: Scott Sibella, Sibella, Wayne Nix, Nix Organizations: Vegas, Resorts, MGM, Court, Department of Justice, MGM Grand, DOJ Locations: Vegas, Las Vegas , Nevada, Las Vegas, U.S, Los Angeles

Although my Platinum Card® from American Express charges a $695 annual fee, I find it saves me money. That's why it may be surprising to learn that one of my biggest travel game-changers involves spending money with a travel credit card. Like the 41% of Americans with a travel card, I use mine to save money on hotels, flights, and more. Although the $695 annual fee for my American Express Platinum Card seems steep at first glance, it's actually saved me money in the long run. My American Express Platinum Card gives me access to the Centurion LoungeI love enjoying delicious complimentary food in the Centurion Lounge.

Persons: I'm, it's, Emily Hart, Uber, Uber Cash, Cash Organizations: American Express, Uber, American, Disney, ESPN, The New York Times, Fine, Clear Plus, TSA, Saks, Saks Fifth Locations: Hulu, Waikiki, U.S

☆ Home Sellers' Tough Summer: Get Ready for Lower Prices, Fewer Offers
▼ + stars: | 2024-05-08 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Rich baby boomers jumped in with all-cash offers, and sellers scored huge windfalls as weary buyers pushed prices to new heights. After all, people have to move for a wide variety of life reasons; mortgage rates be damned. "The further and further we get from the peak of the market," Peterson told me, "the harder it is to deny what's happened." Mortgage rates haven't fallen — in fact, they've gone up about 0.6 percentage points since the start of the year. "It can always be tricky telling somebody that they were just lucky because it makes you sound envious," Peterson told me.

Persons: Rich, Sellers, Eric Peterson, Peterson, Austin, Freddie, they've, Selma Hepp, Freddie Mac, Mike Simonsen, Redfin, towners, Libby Levinson, Katz, Price, Levinson, John Burns, they'll, Realtor.com, you'd Organizations: Freddie Mac, Reserve, Federal Housing Finance Agency, Altos Research, Sun, John, John Burns Research, Consulting Locations: Austin, Boise , Idaho, Denver

☆ This chart shows just how absurd Trump Media's valuation is
▼ + stars: | 2024-05-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

It's well known that Trump Media stock trades at a premium valuation, but one chart shows just how absurd it is. AdvertisementA lot has been written about Trump Media and Technology Group's premium valuation, but one chart really helps put it into perspective. The social media company, founded by former President Donald Trump, has a market valuation of nearly $7 billion. Another way to value the profitless Trump Media is to compare its current market valuation to its monthly active user base. Since Trump Media's recent stock surge,that valuation has surged to $1,309 per Truth Social user, and at its peak in March, each Truth Social user was worth $1,794.

Persons: Donald Trump's, —, Donald Trump, Michael Cembalest, Alex W, Cembalest, Steve Sosnick, MAGA, Sosnick Organizations: Trump Media, Service, Technology, Truth, MSNBC, JPMorgan, Trump, Interactive Brokers Locations: 1,590x

☆ Ife Agoro’s DANG is changing the game for women in Nigeria
▼ + stars: | 2024-05-08 | by ( Stephanie Busari | ) edition.cnn.com time to read: +5 min

Candid conversationsThrough candid conversations and shared narratives, members of the DANG community confront taboo topics such as gender-based violence, discrimination, body image, mental health, and reproductive rights. This ultimately led Agoro to create the #DangAfterHours series, a no-holds-barred discussion on sex and sexuality, a real taboo subject in Nigeria, Agoro says. Soon after, she launched her DANG Lifestyle and skincare business which has grown largely through word of mouth through the DANG community, Agoro says. Despite aiming her message squarely at women, Agoro doesn’t discount a future where men would be integrated into the community. “I now get men commenting and saying to me, ‘We are DANG men too, include us in the conversation.’ We are happy to have them in the conversation.

Persons: Agoro, –, “, ’ ” Agoro, ”, ‘, ’ ”, ’ Organizations: Nigeria CNN —, Twitter, CNN Locations: Lagos, Nigeria, Nigerian, I’m, skincare, Dang, USA, Ghana, Kenya

☆ LA Sheriff says it busted a retail crime ring with millions of dollars of stolen medication and personal care products
▼ + stars: | 2024-05-08 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

LA County Sheriff's Department says it arrested eight suspects in an organized retail crime ring. Officials say the crew targeted retail chains in three states and sold stolen merchandise online. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Los Angeles County Sheriff's Department said it has arrested eight people in connection with an organized crime ring that stole millions of dollars worth of products from retailers in the region. Officials said on March 3 that the recovered merchandise included cosmetics, over-the-counter medication, and hygiene products, which had been stolen from retailers in Nevada, Arizona, and California.

Persons: — Organizations: Sheriff's Department, Service, Angeles County Sheriff's Department, Business Locations: Angeles, Nevada , Arizona, California

☆ Mammograms are now recommended starting at age 40. Should you get one?
▼ + stars: | 2024-05-08 | by ( Katia Hetter | ) edition.cnn.com time to read: +9 min

CNN —An influential group of medical experts, the US Preventive Services Task Force, recommended last week that most women receive a mammogram starting at age 40. People should now starting getting mammograms at age 40, according to new recommendations. According to a study in the journal Lancet Oncology, the mortality from breast cancer could be lowered by starting mammograms earlier, at age 40. A woman who has a sister, mother or other first-degree relative with breast cancer has double the average risk of breast cancer. Wen: Someone who has a family history of breast cancer may be recommended for genetic testing.

Persons: Leana Wen, Wen Organizations: CNN, US Preventive Services Task Force, George Washington University, Getty, American Cancer Society, Preventive, Force, White, Oncology, The American College of Obstetricians, American, of Radiology Locations: United States

☆ Chefs share 5 of the best and 5 of the worst pasta dishes to order at a restaurant
▼ + stars: | 2024-05-08 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: 1 min

Fresh ravioli are an unmissable pasta treat. When available, opt for ravioli with seasonal fillings. janosmarton/ShutterstockRaffaele Dall'Erta, executive chef of Hamptons Restaurant in South Carolina, told Business Insider that ravioli that's made by hand in a restaurant is always worth ordering. "Getting the ravioli is always a must," said Dall'Erta. "Always look for seasonal fillings such as pumpkin, butternut squash, fresh spinach, or ricotta.

Persons: Shutterstock Raffaele Dall'Erta, that's Organizations: Hamptons Restaurant Locations: South Carolina

☆ Photos show what cave divers discovered when they swam inside an iceberg the size of Jamaica. Today, it's gone.
▼ + stars: | 2024-05-08 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +7 min

Her trip inside B-15 marked the first time anyone ever dove beneath an iceberg. Professional diver Jill Heinerth has been exploring Earth's oceans for 35 years. Once inside, Heinerth described it as "this dynamic environment that's beautiful. During their second dive inside B15, they got caught in a powerful current sucking them deeper inside the iceberg. AdvertisementSince Heinerth's dive, iceberg B15 has almost entirely melted away.

Persons: Jill Heinerth, She's, it's, Heinerth, Jill, gobsmacked, www.IntoThePlanet.com Organizations: Service, Business, Disney, WBUR, NASA Locations: Jamaica, Antarctica, B15

☆ Cheslie Kryst's mom says she published her daughter's memoir posthumously to 'share her story and the struggle she faced'
▼ + stars: | 2024-05-08 | by ( Jane Ridley | ) www.businessinsider.com time to read: +7 min

April Simpkins published her daughter Cheslie Kryst's memoir after the ex-Miss USA died by suicide. AdvertisementOver the years, April Simpkins had become used to her thoughtful daughter, former Miss USA Cheslie Kryst, sending her care packages full of goodies. Cheslie Kryst, a former Miss USA, died by suicide in 2022 at the age of 30. AdvertisementSimpkins once suggested she employ a part-time assistant to help her balance her legal career, Miss USA commitments, and philanthropic work. The mom said she was thrilled by her daughter's dedication when she won Miss USA in May 2019.

Persons: Simpkins, Cheslie, Miss USA, —, Miss USA Cheslie, Kryst, Evan Agostini Simpkins —, " Simpkins, it's, Kryst didn't, I've Organizations: Miss, Business, Service, Miss USA, Mental Health, National Alliance, Mental, Kryst Foundation Locations: New York, North Carolina

☆ Huawei: US revokes some export licenses for selling semiconductors to Chinese company
▼ + stars: | 2024-05-08 | by ( ) edition.cnn.com time to read: +4 min

A fourth person said some of the companies were notified on Tuesday that their licenses were revoked effective immediately. The U.S. Commerce Department earlier in the day confirmed it had revoked some licenses but stopped short of naming the companies. “We have revoked certain licenses for exports to Huawei,” the Commerce Department said in a statement, declining to specify which ones it had withdrawn. The move could hurt Huawei, which still relies on Intel chips to power its laptops, and could hurt US suppliers that do business with the company. In a regulatory filing earlier this month, Qualcomm said it did not expect to receive more chip revenue from Huawei beyond this year.

Persons: Biden, Elise Stefanik, Trump, Critics, SMIC Organizations: Singapore Reuters, Intel, Qualcomm, Huawei Technologies, U.S . Commerce Department, Huawei, Republican, Commerce Department, “, Reuters, US Locations: Washington, Singapore, United States, Republican China, American, Communist, Qualcomm’s

☆ Bill Hwang, Whose Firm Archegos Collapsed in 2021, Is About to Go on Trial
▼ + stars: | 2024-05-08 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Three years ago, a multibillion-dollar investment firm called Archegos Capital Management blew up with little warning, causing big losses for some Wall Street banks and leading to federal criminal charges against the firm’s founder, Bill Hwang. On Wednesday, Mr. Hwang, 60, who was charged with 11 counts of securities fraud, wire fraud, conspiracy, racketeering and market manipulation, is set to go on trial in Manhattan federal court. Federal prosecutors are seeking to secure a conviction in a major stock market manipulation case in which Mr. Hwang, whose legal name is Sung Kook Hwang, was one of the big financial losers. Archegos had managed money mainly for Mr. Hwang, his family and some of his employees, and much of his family’s wealth was wiped out when the firm collapsed in March 2021. Also on trial with Mr. Hwang is Patrick Halligan, the former chief financial officer of Archegos.

Persons: Bill Hwang, Hwang, Sung Kook Hwang, Archegos, Patrick Halligan Organizations: Archegos Capital Management, Authorities Locations: Manhattan, Wall

It's not unusual to find Mint Mobile on sale — we have a roundup of the best Mint Mobile deals going year-round to catch every single discount available. Existing Mint Mobile Unlimited users can even look forward to an email with a promo code to redeem their streaming freebie as well. How to get the Mint Mobile Paramount Plus dealTo score free Paramount Plus Essential with your Mint Mobile, sign up for Mint Mobile Unlimited. The Mint Mobile Paramount Plus promotion is for new customers who sign up for a new Unlimited plan. Pricing aside, we found Mint Mobile to offer decent quality in our Mint Mobile review.

Persons: It's, you'll, you've, it's Organizations: Business, Paramount, Mint Mobile, Mobile, Mint, Mint Mobile Paramount, . Mint Mobile, Mint Mobile Paramount Plus, CBS

☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

The numbers behind a big fundOn Wall Street, one mystery has been whispered about for months: How accurate is the valuation of Blackstone’s flagship real estate fund? The speculation has arisen because the fund, the $59 billion Blackstone Real Estate Income Trust — more commonly known as BREIT — has managed to keep an “appraised” value of its assets that far exceeds virtually every other real estate fund. Many rivals have fallen in value, some quite dramatically, in the face of high interest rates and a flagging property market. BREIT’s performance has floated above its competition, and it has boasted a 10.5 percent annual return since its 2017 debut. (Those appraisals help to determine a firm’s management fees: The higher the appraisal value, the higher the fees.)

Persons: —, Blackstone, DealBook’s Andrew Ross Sorkin, Michael de la Organizations: Blackstone Real Locations: Michael de la Merced

☆ I did cold plunges at home for a week. I felt energized and my muscles were less sore, but it wasn't worth it.
▼ + stars: | 2024-05-07 | by ( Jen Glantz | ) www.businessinsider.com time to read: +1 min

After speaking with a doctor, the benefits sounded really appealing. I bought bags of ice to make the water in my bathtub cold enough. Jen GlantzWhenever I saw a photo or video of someone about to enter a freezing-cold bathtub, I wondered why they'd endured such an activity. "If you repeatedly expose yourself to a stressor — such as cold water — in an intentional and structured way, over time, your body will create a positive response to stressors," the doctor said. The doctor said the frequency and length of a cold plunge can be left up to individual preferences.

Persons: Jen Glantz, they'd, Laura Purdy

☆ I test-drove the 2024 Ford F-150 Raptor. The $84,000 price tag is worth it, especially for off-roading.
▼ + stars: | 2024-05-07 | by ( Jules Rogers | ) www.businessinsider.com time to read: +6 min

Automotive journalist Jules Rogers test-drove the 2024 Ford F-150 Raptor priced at $83,665 and loved it. AdvertisementIn a group of similar trucks, the 2024 Ford F-150 Raptor immediately stands out from the crowd. AdvertisementThe 2024 F-150 Raptor starts at $77,980, and the model I tested was listed at $83,665 with its optional upgrades. Interior and aestheticsThe interior of the 2024 Ford F-150 Raptor. The 2024 Ford F-150 Raptor.

Persons: Jules Rogers, —, Ford Organizations: Service, Raptors, Ford, Audi, Oregon, Raptor

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