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Read previewOwning a home is a key element of the American dream, yet it's become an unattainable fantasy for many people, Janet Yellen said. At the same time, the 30-year fixed mortgage rate has surged from around 3% at the end of 2021 to around 7%. As a result, Yellen said that buying a first home is "almost prohibitively expensive." Prospective sellers are holding off on listing their properties because they're unwilling to give up the dirt-cheap mortgage rate they secured years ago. AdvertisementBiden has also proposed a one-year tax credit of up to $10,000 for middle-class families that sell their starter home to someone who'll live in it.
Persons: , Janet Yellen, Yellen, Biden Organizations: Service, Treasury, Business, Federal Reserve, White House, Tax, stoke
Millennials are anxious avocado-eaters who'll never own property, while Gen Zers are depressed snowflakes who take liberties at work. So in the spirit of finding some common ground amid all the mud-slinging, BI asked six therapists what their clients from different generations commonly talk about in therapy. Gen Alpha are also forming friendships outside their family and independent of their parents or carers, and that's reflected in what kids worry about. Diana Garcia, a therapist in Florida, works mainly with older Gen Zers between 18 and 26. MillennialsLike Gen Zers, millennials, who are in their late 20s to early 40s, also feel insecure because they compare the "perfect lives" they see on social media with their own, Owen said.
Persons: , Millennials, who'll, Gen Zers, X, It's, Gen, Gallup, we're, Israa Nasir, Generation Alpha, There's, Georgina Sturmer, Elena Popova, Amanda Macdonald, Gen Alpha, Alonso, Gen Alphas, Jill Owen, Z, Owen, Diana Garcia, Nasir, Sturmer, Gen Xers, that's, boomers, we've Organizations: Service, Alpha, Business, Gallup, Generation, Centers for Disease Control, CDC, British Association for Counselling, Psychotherapy, Therapists Locations: New York, New Jersey, Florida
Paige Bueckers, 22, is a star guard on UConn's women's basketball team. Her style and support for her teammates at this year's draft have gotten a lot of love online. AdvertisementPaige Bueckers was one of the most-talked-about names after the 2024 WNBA draft on Monday, April 15, and she wasn't even one of the recruits. The 2023 WNBA season was "its most-watched regular season in 21 years," the league reported, and Deloitte predicted women's sports will surpass $1 billion in revenue for the first time. AdvertisementGet to know Paige Bueckers before she returns to UConn for her last dance and discover why she's the internet's latest obsession.
Persons: Paige Bueckers, She's, , Louis Vuitton, Bueckers, Aaliyah Edwards, Nika Mühl, tweeting, Edwards, Kris Jenner, eyeing, Caitlin Clark, Naismith, Clark, Angel Reese Organizations: UConn, WNBA, Service, Washington Mystics, Seattle Storm, Best, Big East, NCAA, Deloitte
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe market served up another reminder of its indifference to geopolitics on Monday, as traders seemingly shrugged off the potential impact of Iran's strikes on Israel. Signs that the conflict between the two countries won't escalate any further have calmed the market's nerves, XTB research director Kathleen Brooks said on Monday. "The dollar opened the week fairly muted and US bond yields are slightly higher, suggesting that there was no flight to safe havens." Anyone who's been following markets for the past two years won't be surprised at traders' muted reaction to the latest tensions in the Middle East.
Persons: , pare, Kathleen Brooks, Joe Biden, Brooks, who's, Jamie Dimon, Ray Dalio, Neal Shearing, Shearing, isn't Vladimir Putin, Xi Jinping, Ali Khamenei —, Jerome Powell Organizations: Service, Brent, West Texas, Business, JPMorgan, Bridgewater, Capital Economics, Federal Reserve, Fed Locations: Israel, Iran, Tehran, OPEC
Some restaurants are connecting callers to an AI voice service to place DoorDash and Uber Eats orders. Many people now place delivery orders online, but Kea's founder says restaurants sometimes struggle to handle phone orders. AdvertisementA new voice AI service means diners can place delivery orders with services like DoorDash and Uber Eats via phone call. The AI guides them through the transactions, including suggesting add-ons and recommending items they got in previous orders, Ahmad said. The delivery platforms that Kea can refer orders to are DoorDash, Uber Eats, Postmates, Grubhub, and Favor, Ahmad said.
Persons: DoorDash, Uber, Kea, , Adam Ahmad, Ahmad, Siri, , who'll, Olo, They'd, We're, NDAs — Organizations: Voice, Service, California Fish Locations: Kea, California
But there are signs the gauge may now be broken, with many people still gloomy about the economy. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But Main Street has taken a decidedly gloomier view, with recession worries persisting and big-name companies ramping up layoffs. This story is available exclusively to Business Insider subscribers.
Persons: it's, , Paul Krugman, Mohamed El, hasn't Organizations: Service, Business
Detroit is set to host the NFL draft next month, a decade after it went bankrupt. Mayor Mike Duggan told BI that he hopes the event will reintroduce the city to the rest of the US. AdvertisementThe new DetroitApril's NFL draft — one of the biggest weekends on the sporting calendar — is set to bring eyeballs back to Detroit. AdvertisementDowntown Detroit will host the 2024 NFL draft. "No matter where you went in southeastern Michigan, everyone was smiling and talking to each other about the Lions," Duggan added.
Persons: Mike Duggan, , Duggan, Axios, Joshua Lott, Bill Pugliano, it'll, we've, Kirby Lee, Dan Gilbert, who's, Jared Goff, Dan Campbell, Gilbert, Kyusung Gong, it's Organizations: Detroit, NFL, Lions, Service, Ford, GM, Detroit Free Press, Reuters, Economic, KC, Sports, Vegas and Kansas City, Getty, Cleveland Cavaliers NBA, Tampa Bay Buccaneers, Los Angeles Rams, San Francisco 49ers, The Lions, NCAA College Locations: Detroit, Midwest, Korean, Michigan, America, Motor City, Reuters Detroit, Detroit ., Kansas City, Vegas and Kansas
"You can't raise prices enough," the Los Angeles franchisee told KTLA 5 News. From April, California's minimum wage for fast-food workers will be 25% higher than the general one. AdvertisementA McDonald's franchisee in Los Angeles says that if she wanted to raise her prices to fully offset California's incoming $20 minimum wage for fast-food workers, her burgers and fries would be unaffordable. AdvertisementThe minimum wage for fast-food workers in California is going up to $20 an hour starting April 1 — 25% more than the state's general minimum wage. Correction: March 21, 2024 — An earlier version of this story incorrectly described two places in Los Angeles County.
Persons: , Kerri Harper, Howie, Harper, who'll Organizations: Los Angeles, KTLA, Service, Food, Harper Locations: Los Angeles, California, Inglewood , California, Los Angeles County, Inglewood, Compton
AdvertisementBurgers, tacos, and pizzas will get more expensiveDiners should expect to pay more as fast-food restaurants put menu prices up to offset higher wages. But restaurants already paying workers higher wages will feel less of an impact from the new legislation. Jon Tower, an analyst at Citi, said the higher prices could be hard for some diners to accept. However, higher wages at McDonald's, Subway, and Burger King will likely prompt other employers to offer higher pay so they can compete for labor. AdvertisementPeople will have more money to dine outAs fast-food workers' wages increase, they'll actually have more disposable income to spend dining out.
Persons: , Gavin Newsom, It's, Jack, Sharon Zackfia, William Blair, Andy Barish, Sara Senatore, Chris Kempczinski, they're, Jon Tower, Barish, Zackfia, Burger, Danilo Gargiulo, Bernstein, Matt Clark Organizations: Service, Golden State, Gov, Jefferies, Bank of America, Citi, Bureau of Labor Statistics Locations: California, McDonald's
While Trump is personally on the hook for almost $355 million of that penalty, Donald Trump, Jr., and Eric Trump must pay $4 million each. It targets his real-estate and golf resort empire, the Trump Organization, and does so in two ways that Trump has pushed against for years. AdvertisementIn a statement, a Trump Organization spokesperson decried the verdict as a "gross miscarriage of justice." Donald Trump, Jr., and Eric Trump are banned from running a New York business for two years. And it bans the two former executives, ex-CFO Allen Weisselberg and ex-Controller Jeff McConney, from controlling the finances of another New York company.
Persons: , Donald Trump's, Arthur Engoron, Trump, Donald Trump , Jr, Eric Trump, Allen Weisselberg, Letitia James, James, Judge Engoron, Donald Trump, Bernard Madoff, Read, Jeff McConney Organizations: Service, New York, Business, Trump, Trump Organization, Trump Org, New Locations: York, Trump Organization's, Manhattan, New York
CNBC's Jim Cramer said Tuesday's sell-off was a result of poor judgment on the part of shareholders. "The market won't bottom all at once — there will be some stocks that will bottom tomorrow — but I think this is a sell-off based on bad judgment, not bad earnings or a bad business environment," he said. Other bullish investors stirred up market froth, buying up many tech companies with unclear business plans, he said. In theory, Cramer said investors would be wise to sell some stock here and then buy it back at lower levels, but admitted that that plan is difficult to execute in practice. "The market can't advance on froth without terrible consequences," he said.
Persons: CNBC's Jim Cramer, Tuesday's, offsides, who'll, Cramer Organizations: Dow Jones Industrial, Nasdaq, Federal Reserve
The unusual hearing Monday comes in response to allegations by Murdaugh's attorneys that a clerk of court tampered with the jury that convicted him of murder last year. Jury tampering is the basis for Murdaugh's appeal, but Judge Jean Toal’s rulings after a pretrial hearing this month have set a difficult standard for his lawyers to prove. Toal ruled the defense must prove that potential misconduct including alleged comments by Hill warning jurors not to trust Murdaugh when he testifies directly led jurors to change their minds to guilty. The hearing will be televised, but their faces cannot be shown and they will only be identified by their juror numbers. They said this enabled prosecutors to smear Murdaugh with evidence not directly linked to the killings.
Persons: — Alex Murdaugh, who'll, Becky Hill, Murdaugh, lording, Jean Toal’s, Toal, Hill, Murdaugh’s, Clifton Newman, He's, Paul, Maggie, Murdaugh hasn't Organizations: COLUMBIA, BBC Locations: South Carolina, Colleton County, Colleton, Richland
Advertising and marketing pros made up 7% of CES' attendees in 2023, per CES. Look for topics like the creator economy and the rise of artificial intelligence to dominate the conversation for advertisers, Kassan added. And Roku, which is closing in on its search for a new ad sales head, is sending a large contingent. The cost advertisers pay for streaming ads is expected to decline as platforms release more inventory, particularly with Amazon unleashing ads on Prime Video. Advertisers also have more options with the fast-growing FASTs (free, ad-supported streaming TV channels), which primarily offer older TV shows and movies.
Persons: David Benioff, Weiss, Alexander Woo, Amy Reinhard, execs, It's, who'll, Patrick Pannett, Michael Kassan, Evan Spiegel, Kassan, — that's, Rita Ferro, NBCUniversal's Mark Marshall, NBCU's Peacock, NBCUniversal, Peacock, NBCU, Tanner Elton, Amy McDevitt, Ludacris, Jon Steinlauf, GroupM Organizations: Netflix, CES, Business, Consumer Technology Association, Madison Avenue, Walmart, Disney, Nexstar Media Group, Nvidia, Paramount, CTA, Tech, NBC, Bravo, Amazon Ads, Warner Bros, Magna, CTV, Hulu, Intelligence, Prime Video Locations: Las Vegas, Peacock
George Santos is selling videos on Cameo now
  + stars: | 2023-12-04 | by ( Madison Hall | ) www.businessinsider.com   time to read: +2 min
Embattled former Rep. George Santos was expelled from Congress on December 1. Now, he's selling $150 videos of himself talking to anyone who'll buy them. He initially sold the videos at $75 each but quickly upped it to $150. No videos have been posted publicly to his profile as of yet, but a former staffer of his confirmed to Business Insider the account belongs to Santos. AdvertisementSince getting expelled, he's also gone on a posting spree on X, railing against Republican members of Congress from New York.
Persons: George Santos, who'll, , he's, Santos Organizations: Service, GOP
But Republicans are thriving on Long Island, and they could win the upcoming special election. AdvertisementRepublican Anne Donnelly won the Nassau County district attorney's race in 2021. Republicans actually have a benchRepublicans in recent years have begun to claw back power across Long Island. Joe Cairo, the chairman of the Nassau County Republican Committee, is currently interviewing roughly 22 individuals for the seat. But Republicans can't be discounted in the district given the current political shifts on Long Island.
Persons: George Santos, , Trump, Joe Biden, they've, Santos, Kathy Hochul, Lee Zeldin, Nick LaLota, Anthony D'Esposito, Andrew Garbarino, Republican Anne Donnelly, Mary Altaffer Zeldin, Robert Zimmerman, Bruce Blakeman, Laura Curran, Sen, Todd Kaminsky, Republican Ed Romaine, Alex Brandon, Joe Cairo, Mazi Melesa, Elaine Phillips, Jack Martins, Mike Sapraicone, Kellen Curry, Tom Suozzi, Hochul, Suozzi, Hakeem Jeffries, Jay Jacobs, Anna Kaplan Organizations: New, Congressional, Service, Republicans, Republican, Gov, Democrat, Republican Long, Hochul, GOP, AP, Democratic, NYPD, Nassau, Nassau County Republican, Air Force, Long Islanders, The New York Times, Nassau County Democratic Party Locations: Long, North Shore, Queens, United States, Nassau, Suffolk, Nassau County, New York State, Mazi Melesa Pilip, New York City, Santos, Glen, Brooklyn
One group, however, continues to spend on X promotions: political campaigns. AdvertisementAccounting for political ads promoting the accounts of political and other cause-based groups, X has brought in more than $4.5 million. According to the data, groups have spent just over $900,000 promoting Democratic accounts compared to the approximately $840,000 on Republican ones. AdvertisementFor example, more than $330,000 has been spent promoting GOP presidential candidate and Florida Gov. Democrats tend to spend more and spend earlier on digital, according to a Democratic campaign strategist.
Persons: Elon Musk, , it's, Musk, he's, they've, Ron DeSantis, Biden, Montana Sen, Jon Tester who's, Ruben Gallego, who'll, Sen, Kyrsten Sinema, Kari Lake, Linda Yaccarino, Adam Schiff, Katie Porter, Dianne Feinstein, Schiff, Porter, Dan Goldman, Goldman, Porter's Organizations: Service, Elon, Twitter, New York Times, Business, Democratic, Republican, Florida Gov, Arizona Rep, House Democrats, X, Politico, Hamas Locations: Montana, Israel
EAST RUTHERFORD, N.J. (AP) — Miami safety Jevon Holland called the MetLife Stadium turf “trash” after teammate Jaelan Phillips injured his right Achilles tendon in the Dolphins' 34-13 win over the New York Jets on Friday. Phillips was carted from the field late in the fourth quarter, a non-contact injury that reignited the turf-vs.-grass debate among players. MetLife Stadium changed its surface — which had been widely criticized because of injuries — before this season. Dolphins running back Raheem Mostert was a member of the San Francisco 49ers when he was injured in 2020 and teammates Solomon Thomas, now with the Jets, and Nick Bosa both suffered season-ending injuries on the previous MetLife Stadium turf. We've got to do something about this turf and this playing surface.
Persons: Jevon Holland, Jaelan Phillips, Achilles, Phillips, I’ve, , Holland, Aaron Rodgers, Raheem Mostert, Solomon Thomas, Nick Bosa, Mostert, Rodgers, We've, ” Mostert, Mike McDaniel didn't, who'll, , ” Phillips, I’ll Organizations: MetLife, Dolphins, New York Jets, ” Jets, San Francisco 49ers, Jets, Twitter Locations: RUTHERFORD, N.J, Miami, New York
Messina wrote that Obama faced similar political headwinds in 2011, a year before he was reelected. For much of the year, both Biden and Trump have either been tied, or one candidate has had a nominal lead. But Jim Messina — who in 2012 managed then-President Barack Obama's successful reelection bid — has a message for Democrats worried about Biden's current standing: "Don't panic." "A year before a presidential election, it is just too early to get an accurate read on how the people will actually vote," Messina wrote. AdvertisementAdvertisement"The Biden campaign knows that there are just seven battleground states this time, with a few paths to victory," he wrote.
Persons: Jim Messina, Obama's, it's, Messina, Obama, , Joe Biden's, Donald Trump, Trump, Biden, Jim Messina —, Barack Obama's, Republican Mitt Romney Organizations: Democratic, Service, Biden, Trump, New York Times, Politico, White House, GOP House, Democratic Senate, Party, Republican, North Carolina Locations: Arizona , Nevada, Georgia, Siena, Washington, Messina, Michigan , Pennsylvania, Wisconsin
Adam Kinzinger says Trump will tap a sycophant as attorney general if he wins a second term. AdvertisementAdvertisementFormer Rep. Adam Kinzinger last week said that former President Donald Trump will "interview 100 candidates" for attorney general and nominate the most subservient candidate to take on the role in a potential second term. AdvertisementAdvertisementFormer Rep. Adam Kinzinger of Illinois. "If he does get through and he wins this time, he's going to interview 100 candidates for attorney general and only take the one that says, 'Mr. Barr succeeded Sessions as attorney general in February 2019 before leaving the post in December 2020.
Persons: Adam Kinzinger, Trump, Kinzinger, I've, , Donald Trump, Joe Biden's, Mike Pence, Adam Kinzinger of, Tom Williams, Mr, needling, Jeff Sessions, recusing, William Barr, Barr, Sessions Organizations: DOJ, Service, Republican, Inc, Getty, Department of Justice, Trump Locations: Arizona , Georgia, Pennsylvania, Adam Kinzinger of Illinois, Russia, Alabama
This article is part of "Starting Up Your Small Business," a series exploring steps small-business owners can take when starting out, transitioning, or scaling up. Harris, Green, and Moseley shared their best advice for hiring to scale a small business. The best way they've found to identify contractors who'll meet their needs is by asking for referrals from other business owners and getting references from each candidate. "Whether they're charging a lot of money or they're charging bare minimum, we want to make sure that they are a match to our business," Harris said. Find people who care about your missionSmall-business owners should look for employees who understand their company's mission.
Persons: , Tracy V, Nancey Harris, Harris, they've, Green, Stephanie Moseley, who's, Moseley, she'd, didn't, Pizza, Blake J Discher, he'd, who've, aren't, it's, Emma Wannie, MSGS Moseley, you've Organizations: Service, Nickelodeon, Harlem, Marco's, Firefly Studios
ATLANTA (AP) — Baseball's best team has some major pitching concerns heading into the final week of the regular season. Strider remains confident in his team, no matter who is healthy for the playoffs. Without Fried, the Braves would have to turn to someone they never expected to use for a playoff start. Morton (14-12) definitely is out until at least the best-of-seven NL Championship Series, which begins Oct. 16 and would require four starters. Should the Braves advance past the NLDS, they hope the 39-year-old right-hander will be able to return from a sprained index finger.
Persons: — Baseball's, — Max Fried, Charlie Morton —, Spencer Strider, Bryce Elder, Strider, , “ It's, It's, Allan Winans, Winans, Fried, Morton, Brian Snitker, “ There's, Snitker, NL Cy Young, He's, Kyle Wright, Wright, , Hurston Waldrep, Waldrep, Jaret Shuster, Dylan Dodd, AJ Smith, Darius Vines, “ We've, ” Strider Organizations: ATLANTA, Braves, NL, Washington, , Philadelphia, Phillies, NL Cy, Triple, Gwinnett Locations: Atlanta
Consultants using AI completed tasks faster and produced higher-quality results than those without, according to a new study. The greatest gains were seen by below-average performers using AI, per the study's authors. AdvertisementAdvertisementThey were then assigned a series of practical consulting tasks for a fictional shoe company and had their performance graded by human and AI raters. The greatest gains were seen by below-average performers using AI, whose average performance improved by 43%. Their above-average counterparts only saw an average performance increase of 17% from using AI.
Persons: ChatGPT, Ethan Mollick, Organizations: Service, Boston Consulting Group, Harvard, MIT, University of Warwick, University of Pennsylvania, Fortune Locations: Wall, Silicon, Wharton
This is becoming a rite of passage for those who want good jobs, one career counselor told Insider. Advertisement Advertisement Watch:Singaporean undergraduate Amelia Yamato Leow told Insider that she started interning right after secondary school. Ong told Insider she's done an internship every summer break, and has worked during the college semester, too. You see from the inside how things work, and how people work, and most importantly, you can build rapport," Chin told Insider. This is especially so for complex industries like banking, Ted Teo, an adjunct assistant professor at the National University of Singapore, told Insider.
Persons: Amelia Yamato Leow, hasn't, who's, Leow, she's, Nicole Ong, Ong, you've, Justin Chin, Chin, Eddie Phua, Phua, Gao, Xinrui Gao Xinrui Gao, it's, Adrian Teh, Teh, they'll, Megan Wong, Wong, Sim Cher Young, Sim, Adrian Choo, Ted Teo, Teo, Goldman Sachs, Shaw, Singapore Management University's Sim, International's Choo Organizations: Service, National University of Singapore, PayPal, NUS, National University of Singapore Business, NUS Business School, Nanyang Technological University, Singapore Management University, LinkedIn, Citadel, Harvard, Singapore Management Locations: Singapore, Wall, Silicon, fintech
Mattel is hiring a "chief Uno player" to promote its new game, Uno Quatro. The job involves starring in social media content and teaching the game to others in New York. Its main task is to promote Uno Quatro, a variation on the original card game which involves trying to match four-in-a-row using plastic tiles on a grid. It's not just the new Quatro game though, as the chief Uno player will also have to help create social content for "various Uno games." It involves filming yourself answering four simple questions, like your favorite reverse card moment – a move you can make when playing the Uno game.
Persons: Uno Quatro, They'll, It's, Quatro, Uno Organizations: Mattel, Service, Privacy, New, Uno, Seaport Locations: New York, Wall, Silicon, New York City, livestreams
Sununu said DeSantis would have show "charisma and leadership" in order to win the GOP primary. Despite the stream of GOP candidates in the state, former President Trump retains a polling edge. DeSantis has heavily touted after enacting plenty of conservative policies in Florida as a cornerstone of his candidacy, but New Hampshire Gov. Sununu recently argued that Trump polling below 50% in New Hampshire gave other candidates a huge opportunity to make the case for their respective candidacies. "Either you're willing to swing, you're willing to give the punch and take the punch and show leadership, or you're kowtowing," Sununu said during an interview on Fox News.
Persons: Sununu, DeSantis, We've, Hugh Hewitt's, Trump, — they're, Donald Trump, Ron DeSantis, Chris Sununu, Hugh Hewitt, Hewitt, You've, you've, they've, Sen, Tim Scott of, Doug Burgum, Chris Christie, Vivek Ramaswamy, Nikki Haley Organizations: GOP, Service, Republican, New Hampshire Gov, University of New, Gov, Trump, Fox News Locations: Wall, Silicon, New Hampshire, Granite State, Florida, University of New Hampshire, Tim Scott of South Carolina, North Dakota, New Jersey, South Carolina
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