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☆ Trump's proposed tariff would cost the average American household an extra $1,500 a year, left-leaning think tank says
▼ + stars: | 2024-03-29 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Trump's proposed import tariff would cost an extra $1,500 annually for Americans, according to a left-leaning think tank. Trump has championed his tax plan as favoring US interests over China, but the think tank argues he misunderstands tariffs. AdvertisementTrump's proposed import tariff would tack on an extra $1,500 per year for Americans, says a left-leaning Washington think tank. AdvertisementThe think tank estimated Americans will face a whopping $3.2 trillion influx of foreign goods. With a 10% tariff, that'd be an extra $300 billion in taxes on goods, roughly translating into $1,700 per household in the tariff's debut year.

Persons: Trump's, Trump, —, Brendan Duke, Ryan Mulholland Organizations: American Progress, Service, White, Republican Locations: China, Washington

☆ The dark side of DINKs: People who want kids but can't afford them
▼ + stars: | 2024-03-16 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +12 min

Some DINKs are using their higher net worth to retire early, travel, and afford luxury items. But there's an even darker side to DINKs: The slice that forgoes kids not by choice but out of necessity. It's difficult to parse out the exact number of Americans who might want kids but can't have them. We know that the childfree group — people who don't want kids — might be about 20% of the US adult population. It's contributing to a whole population of DINKs who can't afford to shed the moniker.

Persons: DINK, —, you've, Gen Zers, it's, Kimberly Palmer, Kathryn Edwards, Larry Bienz, he's, Bienz, civically, let's, Amelia, Kevin, They've, We're, Amelia's, Roe, Wade, Zachary Neal, Neal, Jennifer Neal, Priscilla Davies, she's, Davies, They're Organizations: Service, Harris, RAND Corporation, American Society for Reproductive, US Children's Bureau, Michigan State Locations: NerdWallet, DINKs, Chicago, Michigan

☆ Transcript of Biden's interview with special counsel Robert Hur shows memory lapses — but also detailed exchanges
▼ + stars: | 2024-03-12 | by ( Mike Memoli | ) www.cnbc.com time to read: +11 min

But the transcript of Biden's interview, which was reviewed by NBC News, paints a more nuanced picture on both sides. At one point, Hur acknowledged that some of the questions he would ask would "relate to events that happened years ago." According to the review of the transcript, Biden at times expanded beyond the narrow subject areas of particular questions. In his opening statement, Hur planned to defend his investigation, the final report and his treatment of Biden's age. He also noted that some of the issues he was dealing with as vice president continue today.

Persons: Robert K Hur, Jabin, Robert Hur's, Joe Biden's, Biden, Hur, Beau Biden's, Beau's, Biden Biden, Israel, it's, Joe Biden, Evelyn Hockstein, Jim Jordan, James Comer, Hur's, Bob Bauer, Bauer, Richard Sauber, Joseph R, Beau, Tom Brenner, Beau Biden, I'm, hadn't, Trump, Mandel Ngan, They're, Benjamin Netanyahu, Barack Obama's, Obama, Pope Francis, Francis Organizations: White, Washington , D.C, Washington Post, Getty Images WASHINGTON, NBC, NBC News, Trump, Hamas, Pullman, Reuters, Republican, Capitol, White House, Justice Department, Biden III National Guard / Reserve, New, Penn Biden Center, Chamber, AFP, Getty Locations: Brady, Washington ,, Mongolia, Atlanta , Georgia, U.S, Ohio, Ky, New Castle, New Castle , Delaware, Penn, Virginia, Delaware, State, Israel, Afghanistan, Iran

☆ Private-equity and VC investors look to sports, AI, and live events as the era of peak TV draws to a close
▼ + stars: | 2024-03-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

That was a far steeper decline than the overall venture funding market, which declined 38% in 2023, the report said. (The report was based on data from Crunchbase, which Alignment Growth is an investor in.) Investors have been flocking to AI, live entertainment, and sports. Sports M&A nearly tripled in three years to $27.9 billion in 2023, driven by deals for team franchises, the Alignment Growth report showed. High ticket prices for live entertainment could dampen attendance, especially if consumer confidence takes a hit.

Persons: Wade Holden, Anthony Jasenski, CBRE's, Jasenski, haven't, IATSE, Alex Iosilevich, Schlogel, Craig Thompson Organizations: Venture, Business, Disney, Warner Bros, Global, P Global Market Intelligence, Blackstone, Bain Capital Real, Deloitte, Teamsters, Hollywood, Investors, Sports, Atwater, Mindspring Capital Locations: Hollywood, Crunchbase, Americas, OpenAI

☆ I've been in a wheelchair for 27 years. I love traveling by plane, but it's also when I'm the most vulnerable.
▼ + stars: | 2024-03-03 | by ( Ryan Rae Harbuck | ) www.businessinsider.com time to read: +4 min

Traveling by air makes me feel vulnerable, stuck in a seat without my wheelchair. I was stuck in that seat because the only way I could get up was with the use of my wheelchair. This is taken as what's expected if you ever want to go anywhere as a wheelchair user, though. I've been paralyzed since I was 16Having been paralyzed for nearly 27 years, I have spent many vulnerable moments relying on trust and growth. Being a wheelchair user has been complicated and even unfair at times.

Persons: —, I've, Claustrophobia, who've, I'm, It's Organizations: Service Locations: Lights

☆ Big-name investors are betting AI gadgets could change the way we interact with tech
▼ + stars: | 2024-03-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyAI (literally) in your pocketTech workers are criticizing Humane's hotly anticipated Ai pin. AdvertisementIn fact, heavy hitters like legendary investor Vinod Khosla believe that AI devices will completely change how we interact with technology. Humane's Ai Pin, which can project text onto users' hands and translate voice messages, didn't get a warm welcome when it launched late last year .

Persons: —, Oompa, I've, Willy Wonka, Elon Musk, Sam Altman, Humane's, Vinod Khosla, Samantha Stokes, Vishal Persaud, Khosla, Ai, didn't, Tim Cook, Salesforce's Marc Benioff, OpenAI's Sam Altman, Franck Robichon, Paul Krugman, shouldn't, we're, Wells, Bank of America's Merrill, Bitcoin, Tyler Le, maven, Alexei Navalny's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Humane, Khosla Ventures, Rabbit, Bank of America's, Wall, The New York Times, WW, SEC Locations: Franck, Wells Fargo, New York, London

☆ An interior designer critiqued my neutral living room. Her tips showed me easy tricks to make a space cozy and stylish.
▼ + stars: | 2024-02-29 | by ( Cheyenne Lentz | ) www.businessinsider.com time to read: +6 min

One that's been especially difficult to design is the living room. Our new home's living room has a built-in wood-burning stove and a shiplap ceiling. AdvertisementAfter sharing photos and a video tour of my space, Turner shared advice on how to make my living room feel more stylish and cozy. Cheyenne LentzThe biggest issue I've faced in decorating our living room is figuring out how to incorporate the fireplace into our design. Hiding wires and clutter can easily upgrade the roomThe designer suggested we minimize the items on our TV shelf.

Persons: —, it's, there's, Kim Turner, Turner, Cheyenne Lentz, I've, Lentz, You'll, Cheyenne Lentz Turner, that'd Organizations: Service, Business, Kim Turner Design

☆ 'Stocks can get whacked': A 44-year market veteran warned the S&P 500 could fall 28% as earnings and rate cuts disappoint — but these 6 investments will thrive anyway
▼ + stars: | 2024-02-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Strong earnings, or rate cuts? Instead of worrying about weak earnings growth and persistently high interest rates, investors are now counting on the opposite. Markets should cut their expectations by half and prepare for mid-single-digit profit growth and three to four rate cuts, Doll said. At that point, a flurry of rate cuts from the Fed wouldn't be enough to save stocks, the Crossmark CIO said. However, there are two mega-cap growth stocks that Doll is enamored with: Meta Platforms ( META ) and Microsoft ( MSFT ).

Persons: —, Bob Doll, Doll, who's, . Doll, they're, I'm Organizations: Service, Global Investments, Business, Federal Reserve, BlackRock, Consumer, Microsoft, IBM Locations: Nuveen, What's

☆ The 6 biggest questions about ESPN, Fox, and WBD's new sports streamer
▼ + stars: | 2024-02-07 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +4 min

ESPN parent Disney and Fox report earnings on Wednesday, and more answers could be on the way. Here are six of the biggest questions coming out of the new announcement:How much will it cost? This new streamer could be the thing that finally kills cable TV. If they believe it has promise, could it give ESPN, Fox, and WBD more bargaining power in sports-right negotiations and greater ability to shoulder the sky-high costs? Will this new streamer come to the negotiating table for more sports rights to pad out its offering?

Persons: Bernstein, Paul Verna, Brian Weiser, there's, Disney's Bob Iger, Fox's Lachlan Murdoch, WBD's David Zaslav Organizations: ESPN, Disney, Fox, CNBC, YouTube, NBC, English Premier League —, Insider Intelligence, Business, Hulu, Netflix, JV, Amazon Locations: Madison, Disney's

☆ 'The Traitors' victim Ekin-Su says being buried alive was an 'iconic' way to die
▼ + stars: | 2024-01-23 | by ( Caralynn Matassa | Kirsten Acuna | ) www.businessinsider.com time to read: +13 min

I've had people say to me that the energy went down and people started to get really, really argumentative in there, so it's what happens when you get rid of me. Speaking of "Love Island," obviously you and Bergie were representing "Love Island" UK and US on "The Traitors." I love "Love Island," but for me, "Love Island" was 2022 season eight, and for me, that is a chapter closed. There's so much I want to do in my life now, and I don't think "Love Island" fits in that category. I'd love to host shows like "Love Island," but I definitely wouldn't go back as a contestant.

Persons: Su Cülcüloğlu, Cülcüloğlu, John Bercow, Janelle Pierzina, —, Parvati Shallow, Parvati, Peacock, Su, It's, I'm, Phaedra, Dan, hasn't, I've, Alan Cumming, Peter, Dan Gheesling, Alan, Janelle Janelle, Janelle —, Janelle, John, Euan Cherry, That's, We've, Peter I, You've, Sandra, Davide Ekin, Davide Sanclimenti, Adam, David M, Davide, Maura Higgins, he'd, Larsa, Marcus, Larsa would've, they're, That'd, Su Culculoglu, Victoria Jones, you've Organizations: Business, Service, Square, Getty Locations: Cineworld, London, England

☆ I moved to the middle of Canada, where the affordable healthcare is great, but the closest city is 2 hours away and I can't find anything cheap on Amazon
▼ + stars: | 2024-01-19 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

Leslie Redmond, 37, moved to Winnipeg, Canada, from Alaska in 2022. There's a really big Ukrainian population and a really big Polish population. So there are a lot of flavors and foods that are really ubiquitous up here that I wouldn't have had in the States. That was the case across Canada — and across the US — but I think that's kind of slowed down a little bit now. I would say Winnipeg is pretty equivalent to Alaska, but Alaska is higher than what you would find in the lower 48.

Persons: Leslie Redmond, —, It's, I've, Redmond, I'd, Justin Reitsma, they're, it's Organizations: Service, of Agricultural, Food Sciences, University of Manitoba Locations: Winnipeg, Canada, Alaska, There's, States, North Dakota, Vancouver, Quebec, Yukon, we're, Grand Forks, Target, there's, Manitoba, Redmond, oceanside

☆ 'Anyone but You' was a sleeper hit at the box office. Its success proves Hollywood needs to reinvest in romantic comedies.
▼ + stars: | 2024-01-19 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +9 min

It has made over $80 million worldwide and proven big studio rom-coms can still find audiences. In December, he welcomed the audience at the New York City premiere to "the last romantic comedy to be made by a Hollywood studio." Its remarkable performance proves the studio rom-com is built for a comeback. SonyThe rom-com should make its move now in the wake of superhero burnout"Anyone but You" certainly isn't the first studio rom-com to find box-office glory in the last few years. So, for now, fans of the genre must wait and see if Hollywood will move forward with more romantic comedies.

Persons: —, Will Gluck, Glen Powell, Sydney Sweeney, Singer, coms, Powell, Zoey Deutch, Scott Meslow, Sandra Bullock, Channing Tatum's, George Clooney, Julia Roberts, Jennifer Lawrence's, Marvel, John Fithian, Sweeney Organizations: Service, Sony, New, New York City, Hollywood, Marvel, Netflix, Sydney Opera House, Nielson, National Association of Theatre Owners, Audiences Locations: New York, Australia, Seattle, Sydney, Hollywood

☆ Starbucks workers say they're worried about the new reusable cup program
▼ + stars: | 2024-01-05 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +6 min

But some baristas are worried about how the reusable cup program will actually work. And will handing over a personal cup at the front of a drive-thru line slow down all the orders behind? Business Insider spoke to three Starbucks baristas about the reusable cup program. The Starbucks spokesperson said baristas got training on the new personal cup program — including practice time. I just can't see this working for morning rushes when we get like 30+ mobile orders per half hour."

Persons: —, they're, it's, barista, there's, baristas, we're Organizations: Starbucks, Service, Business, BI, Mobile Locations: Atlanta, Israel, Colorado, Texas

☆ George Kittle's pre-game meal includes loaded breakfast bowls and filets
▼ + stars: | 2023-12-03 | by ( Meredith Cash | ) www.businessinsider.com time to read: +4 min

If the game starts closer to the evening — think Sunday Night Football, Monday Night Football, or Thursday Night Football — the four-time Pro Bowler still starts the day with his jam-packed breakfast bowl. AdvertisementIn recent years, the 30-year-old has added another pre-game boost — one fueled by superstition — to his meal plan: a pumpkin loaf from Starbucks. Rob Schumacher-USA TODAY Sports"It is on and off a little bit," Kittle told BI. "So we were like, okay, no pumpkin loaf for a little bit," he added. "And I think it went pretty well for us on Thursday Night Football."

Persons: George Kittle, Kittle, —, Alka, Seltzer, Ross D, Pro Bowler, Sergio Estrada, Rob Schumacher Organizations: San Francisco 49ers, NFL, Service, Business, Franklin, Football, USA, GQ, 49ers, Seattle Seahawks, Starbucks Locations: Kittle, Seattle

☆ The hidden expense that's sucking $74 billion out of the economy
▼ + stars: | 2023-11-30 | by ( Bartie Scott | ) www.businessinsider.com time to read: +14 min

They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.

Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California

☆ Chinese electric car maker BYD is about to steal Tesla's crown. Here's why it's winning the race.
▼ + stars: | 2023-11-18 | by ( Nathan Rennolds | George Glover | ) www.businessinsider.com time to read: +6 min

China is the world's electric vehicle leader, with 64% of total production and 59% of global EV sales in 2022, according to the World Economic Forum. One of its biggest EV producers, BYD , looks set to topple Tesla's position as the world's top seller of electric cars. AdvertisementCheaper EVsTesla sells just four cars – the Model S and Model 3 sedans, and the Model X and Model Y SUVs. Advertisement"2023 is set to be another banner year for China in terms of EV sales," the data company said. Seeing BYD overtake Tesla in the EV race may not bring any festive cheer for Elon Musk this holiday season.

Persons: Tesla, —, Tesla's, BYD, Elon, John Keeble, Seth Goldstein, that's, Goldstein, Teslas, Musk, Morgan Stanley, Lin Shanchuan, China's, Mazzocco, Morningstar's Goldstein, Stella Li Organizations: Service, Economic, EV, Elon Musk's, Yuan, Battery, Center for Strategic, International Studies, Getty, Tesla Beijing, Rho, Reuters, Bloomberg Locations: China, Shanghai, Washington ,, Fujian, Xinhua, Norway, America

☆ Read the secret Signal messages that could help put Sam Bankman-Fried behind bars
▼ + stars: | 2023-10-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Sam Bankman-Fried appears at federal court in New York on Oct. 4, 2023, in this courtroom sketch. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. In a direct appeal to Bankman-Fried, Singh wrote on Nov. 6, 2022, "one thing that'd seriously help me is if I didn't have debts." Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.

Persons: Sam Bankman, Fried, Claudia Johnson, Caroline Ellison, Gary Wang, Nishad Singh, Ryan Salame, Damian Williams, Yuki Iwamura, Ellison, Bankman, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Singh, Wang, reassurances, FTX, Changpeng Zhao, he'd, Um, Sam, Binance, Zhao, it's, Sam Trabucco, Ben Xie, Michael Lewis, Lewis, Adam Yedidia, Yedidia, chares, SDNY Singh, Gabe, Salame, Michael Sadowsky, Sadowsky, FTX's, Dawn Giel Organizations: Alameda Research, Stanford, Bloomberg, Getty, Massachusetts Institute of Technology, alameda, Prime Trust Bank Locations: New York, Alameda, Manhattan, U.S, FTX, Sequoia, Alameda's, Bahamas

☆ CNBC Daily Open: Consumers in U.S. and China are powering their economies
▼ + stars: | 2023-10-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The bureau also said retail sales spiked 5.5% and industrial production grew 4.5% in September, compared with a year earlier. U.S. markets wavered Tuesday as investors digested September's U.S. retail sales report and third-quarter earnings from banks. Retail sales in China also jumped more than expected in September, buoying the country's third-quarter GDP growth. Indeed, the specter of high inflation and, correspondingly, higher-for-longer interest rates, haunted the retail report, at least for the U.S.

Persons: Goldman Sachs, David Russell of TradeStation, That'd, It's, Russell, Chris Zaccarelli Organizations: CNBC, Bank of America, Bank of, National Bureau of Statistics, Consumers, U.S, Treasury, Nasdaq, Dow Jones, Independent, Alliance Locations: China, Asia, Pacific, Shanghai

☆ How Saudi Crown Prince Mohammed bin Salman went from pariah to pragmatic diplomat
▼ + stars: | 2023-10-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +10 min

Saudi Crown Prince Mohammed bin Salman is trying to transform the oil-rich Persian Gulf kingdom. AdvertisementAdvertisementSaudi Crown Prince Mohammed bin Salman is on a mission to transform his country. Billboards show portraits of Saudi Arabian Crown Prince Mohammed bin Salman (R) and his father and Saudi Arabia's King Salman bin Abdulaziz. US President Joe Biden (L) being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman (R) at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. President Joe Biden gives Saudi Crown Prince Mohammed bin Salman a handshake at the G20 summit this September.

Persons: Prince Mohammed bin Salman, he's, —, Prince Mohammed didn't, King Salman, Fahda bint Falah, Saud, Saudi Arabian Crown Prince Mohammed bin Salman, Saudi Arabia's King Salman bin Abdulaziz, AAMIR QURESHI, Muhammad bin Nayef, Prince Mohammed, Rash, Chris Doyle, GIUSEPPE CACACE, Doyle, he'd, Jamal Khashoggi, Emmanuel Macron, Joe Biden, Prince Mohammed a, Grant Shapps, Vladimir Putin's, Sanam Vakil, Biden, Evelyn Hockstein, Vakil, Duaa, Pierre Crom, Dhainy, Prince Organizations: Service, Saudi, King Saud University, Saudi Arabian Crown, Guardian, Ritz, Carlton, Council, Arab, CIA, Royal, Anadolu Agency, Bloomberg, Washington, Chatham House, Associated Press, Fox News, European Saudi Organization for Human Rights, MBS, United Nations, Getty Images, Human Rights Locations: Saudi, Saudi Arabia, Yemen, Riyadh, British, Istanbul, Jeddah, Ukraine, Iran, China, Israel, East, North Africa, Delhi, Neom, The Hague, Netherlands, Getty Images Saudi Arabia

☆ A nearly $3 billion net worth puts you among the richest 400 people in America—40 years ago, that'd be No. 1
▼ + stars: | 2023-10-06 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: 1 min

Just 40 years ago, a $2 billion net worth would put you at the top of Forbes' annual list of the 400 richest people in America. In 1983, Forbes crowned Gordon Getty America's Richest American with a net worth of just $2.2 billion. In 2023, you would need close to $3 billion just to crack the top 400. And securing the top spot would require quite a few billion more. Elon Musk earned the title for the second year in a row with a net worth of $251 billion, roughly the same as what was reported on last year's list.

Persons: Gordon Getty, You'd, Elon Musk Organizations: Forbes, Elon Locations: America

☆ NFLPA calls for league-wide grass fields following Rodgers' injury
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

Sep 11, 2023; East Rutherford, New Jersey, USA; New York Jets quarterback Aaron Rodgers (8) is injured while being sacked by Buffalo Bills defensive end Leonard Floyd (56) during the first half at MetLife Stadium. Mandatory Credit: Vincent Carchietta-USA TODAY Sports/File Photo Acquire Licensing RightsSept 13 (Reuters) - The NFL Players Association called on Wednesday for the league to eliminate artificial turf fields in favor of natural grass surfaces following the season-ending injury to four-times MVP Aaron Rodgers this week. "It makes no sense that stadiums can flip over to superior grass surfaces when the World Cup comes, or soccer clubs come to visit for exhibition games in the summer, but inferior artificial surfaces are acceptable for our own players." The NFLPA this year released data showing non-contact injuries were more common on artificial turf compared to grass fields during the 2022 NFL regular season. Reporting by Frank Pingue in Toronto, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Aaron Rodgers, Leonard Floyd, Vincent Carchietta, Lloyd Howell, Rodgers, Howell, Robert Saleh, Frank Pingue, Ed Osmond Organizations: New York Jets, Buffalo Bills, MetLife, NFL Players, NFLPA, Jets, NFL, Thomson Locations: East Rutherford , New Jersey, USA, Toronto

☆ Biden says global warming topping 1.5 degrees in the next 10 to 20 years is scarier than nuclear war
▼ + stars: | 2023-09-11 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

Biden travels to Vietnam to deepen cooperation between the two nations, in the face of China's growing ambitions in the region. The global temperature rising more than 1.5 degrees Celsius in the next two decades is scarier than a nuclear war, said President Joe Biden on Sunday in Vietnam. "The only existential threat humanity faces even more frightening than a nuclear war is global warming going above 1.5 degrees in the next 20 — 10 years," Biden said at a press conference at the JW Marriott Hotel Hanoi on Sunday. There's no way back from that," Biden said, according to a White House transcript of the press conference. Did you ever think you'd be sitting at a G20 conference where everyone was preoccupied with the notion of global warming?"

Persons: Joe Biden, Biden, António Guterres, Guterres Organizations: JW, Change Service, United Nation's Locations: Hanoi, Vietnam, India, Angola

The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. "I think Powell’s main effort is going to be explaining to what degree you want to hold (interest rates) higher for longer in the current outlook." Investors in contracts tied to the Fed's benchmark interest rate currently expect the Fed to begin reducing the policy rate next year from the current level set between 5.25% and 5.5%. Fed officials in fact have begun discussing the possibility of rate cuts down the road, at least in the context of steadily falling inflation. If inflation does decline as expected, Fed officials including Powell have suggested rate reductions might be appropriate to maintain a roughly constant inflation-adjusted "real rate."

Persons: Jerome Powell, Jackson, Jim Urquhart, JACKSON, Antulio Bomfim, Powell, who've, isn't, Adam Posen, William English, Donald Kohn, Howard Schneider, Andrea Ricci Organizations: REUTERS, Federal, Kansas, Fed, Northern Trust, Bank of England's, Committee, Peterson Institute for International Economics, Yale School of Management, Brookings Institution, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming, Washington

☆ TikTok influencers want to rent you a very cool home. Just don't call them landlords.
▼ + stars: | 2023-08-16 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

While live-in landlords are far from a novel concept, the pandemic-era fever around passive income and real-estate investing has sparked a rise in the popularity of house hacking. While Turner's initial strategy emphasized small multifamily buildings, some house hackers applied the concept to single-family homes. In 2019, he published a book called "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom." And I think house hacking is one obvious way to eliminate, or at least drastically reduce, what likely is your largest expense." "Yeah, it's called 'house hacking," the owner and roommate, also played by Jarman, who has 4 million followers, replies.

Persons: Kelly Clark, Clark, scoffed, TikTok, Zers, Brandon Turner, Turner, Ryan Lehman, Lehman, Brandon, I'm, Craig Curelop, BiggerPockets who's, Curelop, influencer Addison Jarman, renter, it's, Jarman, Jay Parsons, John Liang, TikToker, Liang, —, It's, doesn't, Insider's Daniel Geiger, she'd, James Rodriguez Organizations: Federal Housing Administration, BiggerPockets, Census, YouTube, RealPage Locations: Spokane , Washington, Silicon, millennials, Seattle, Spokane

☆ A rift is growing between Xi and Putin after Russia mocked a Ukraine peace plan backed by China
▼ + stars: | 2023-08-09 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Xi is frustrated that Putin won't seek peace in Ukraine, reports say. China has touted a 12-point peace plan for Ukraine that Russia hasn't pursued. China recently attended a peace summit in Saudi Arabia that was described by Russia as "doomed to fail." A European diplomat present at the discussions told the FT that the "mere presence of China shows Russia is more and more isolated." But Wyne cautioned against excessive faith in China's intervention to secure peace in Ukraine.

Persons: Xi, Putin, Russia hasn't, Xi Jinping, Vladimir Putin's, it's, Siberia that'd, June's Wagner, Ali Wyne, Wyne Organizations: Service, Financial Times, Putin, Kremlin, Eurasia Group, Saudi, Kyiv, Analysts Locations: Ukraine, China, Russia, Saudi Arabia, Wall, Silicon, Russian, Moscow, Jeddah, European, Siberia, Beijing, Denmark, Iran

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