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Indeed, starting at $499, the Pixel 8a is less expensive than the base $699 Pixel 8 and $999 Pixel 8 Pro. AdvertisementGoogle Pixel 8a: FeaturesThe Google Pixel 8a in "Aloe" (left) and "Bay" (right). The Pixel 8a's cameras aren't the same as the Pixel 8's — they're actually the identical cameras from the Pixel 7a. AdvertisementGoogle Pixel 8a: PriceThere are two storage options for the Pixel 8a models, 128GB and 256GB, with the higher storage option only available in the "Obsidian" colorway. Storage Pixel 8a 128GB $499 256GB $559AdvertisementThe Google Pixel 8a is available for preorder now from the online Google Store, Best Buy, Amazon, and carriers like Verizon.
Persons: It's, they're, we're Organizations: Business, preorder, Google, Verizon Locations: 120Hz
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
In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a middle-class lifestyle . The big storyMiddle-class meltdownMichael Raines"Lately, I'm getting the feeling that I came in at the end. AdvertisementBusiness Insider's Jennifer Sor has a report on the people making over six figures who think the middle-class lifestyle they dreamed of isn't realistic for their salary . AdvertisementMarco Bottigelli/Getty, Yevgen Romanenko/Getty, Maskot/Getty, Tyler Le/BILet's address the elephant in the room: A six-figure salary is still a lot of money. Words like "AI Infrastructure" and "generative AI" point to more money heading to Nvidia for its popular H100 GPU chip.
Persons: , Michael Raines, I'm, It's, Tony Soprano bemoaned, Jennifer Sor, Vincent, it's, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Jenny Chang, Rodriguez, Warren Buffett, Buffett, Shruti Gandhi, Dalton Caldwell, James Cham, Hemant Taneja, Jenny Lefcourt, Nick Little, Sam Altman, Alice Zhang, Serena Williams, Jack Dorsey, Dorsey, — Dorsey, Bluesky, Alyssa Powell, Katie Notopoulos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Pew Research Center, nab, Adobe, Wall, Hamptons, Nvidia, Genomics, Serena Ventures, Fortune, Starbucks Locations: New York, Zillow, Santa Barbara , California, Berkshire, Bluesky, London, Chicago
Davis Clarke, a risk management advisor at Citizens, has gained quite a following on social media. AdvertisementYou don't have to look far on social media to find people who are sick and tired of their office jobs. But one office worker has gained a following for his unabashedly upbeat and positive content. In one video, he's walking through downtown on a Monday morning, ready to start "hammering spreadsheets and chugging waters." Build a social media account and use it to show the world the values he cared about.
Persons: Davis Clarke, Clarke, , he's, he'll, Tom Ranucci, Ranucci, wasn't, they'll Organizations: Citizens, Service, Citizens Bank, Business, selfies, University of Massachusetts, Amherst, Boston Marathon Locations: Boston, America, Seattle
So I did it and it worked, and I made an awful lot of money for people. My advice was so profitable that these clients started recommending me to their friends in other businesses and industries. By and large, the businesses I worked with are not good forces in the world — they're capitalist extractive machines. AdvertisementMy spiritual clients pay me a flat monthly fee ranging from a minimum of £4,000 to a maximum of £20,000. I charge a minimum retainer fee of £2,000 per month, but my real income comes through a success fee.
Persons: Kate Tomas, I've Organizations: Service, Business, Oxford Locations: Wales, London, Hollywood
Immigrant workers are helping boost the U.S. labor market
  + stars: | 2024-05-03 | by ( Kate Rogers | ) www.cnbc.com   time to read: +1 min
The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of immigrant workers for overall future economic growth. Immigrant workers made up 18.6% of the workforce last year, a new record, according to Bureau of Labor Statistics data. Despite the U.S. adding fewer-than-expected jobs in April, the labor force participation rate for foreign-born workers ticked up slightly, to 66%. "We don't have enough workers participating in the labor force and our birth rate has dropped down 2% last year from 2022 to 2023.
Persons: Jennie Murray, Phillip Swagel, Swagel Organizations: Federal, of Labor Statistics, Workers, National Immigration, Congressional Locations: America
A YouTuber tested if Tesla's Cybertruck update makes the frunk safer by closing it on his finger. The frunk update worked well on various produce, but closed on his finger, leaving a mark. So YouTuber Jeremy Judkins tested out whether the update actually makes the frunk safer by closing the frunk on a carrot, cucumber, banana — and eventually his finger. The frunk closed on his finger and left it shaking, with a dent, and what looked like a small cut or skin tear. AdvertisementJudkins said that after the finger test, a lead cybertruck engineer at Tesla said he did the video wrong.
Persons: Tesla, , Jeremy Judkins, YouTuber, Judkins, It's Organizations: Service
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But things might not be as bad for Gen Z as they seem. Members of Gen Z are projected to spend more on housing costs like rent, mortgages, insurance, and utilities after inflation between the ages of 22 and 30 than millennials did, a recent RentCafe analysis found. Related storiesYet Gen Z's typically higher earnings mean they'll only spend an estimated 30% of their income on housing compared to 36% for millennials. AdvertisementSuccess may be short-livedIt's worth digging into why Gen Z is doing well financially.
Persons: , Gen Z, Z, boomers, Gen, millennials, They've, lockdowns, Zeds Organizations: Service, Business, Reserve, millennials
While Red Lobster increased traffic somewhat, people coming in to chow down on all-you-can-eat shrimp was a money bleeder. But the story about what's gone wrong with Red Lobster is much more complicated than a bunch of stoners pigging out on shrimp (and, later, lobster) en masse. Red Lobster first opened in Lakeland, Florida, in 1968 and was acquired by the food conglomerate General Mills in 1970. "What's truly happened with Red Lobster is that the consumer base has changed and Red Lobster hasn't," he said. "Red Lobster isn't losing to a competitor in their space — they're losing to competitors outside their space."
Persons: It's, what's, Jonathan Maze, Mills, General Mills, Olive, Darden, Red, Eileen Appelbaum, isn't, they've, it's, Keith Bedford, Darren Tristano, John Gordon, Kim Lopdrup, Red Lobster's, He's, Jonathan Tibus, Gordon, Tristano, You've, Emily Stewart Organizations: Bloomberg, Restaurant Business, Olive Garden, LongHorn, Darden, Golden Gate, American Realty, Lobster, Center for Economic, Policy Research, Thai Union, Seafood Alliance, Thai, Fortress Investment Group, Reuters, Business Locations: chow, Lakeland , Florida, San Francisco, Thai, Thailand, Thai Union, Golden, San Diego
"The Eames chair is basically meme status," said Joel Vanderveen, a 35-year-old from Minnesota who created a subreddit about a decade ago dedicated to all things Eames. "Until the last 10 years, when people would say to me they had an Eames chair, I never knew which one they meant," Kirkham said. The Eames chair is one of those rare luxury goods that checks all those boxes for novices and experts alike, in his view. Not everyone with the Eames chair has a new one, an expensive one, or even a real one. The Eames chair seems eco-friendly, too — they're not going to be tossing it out in two years.
Persons: he'd, that's, Herman Miller Eames, I'd, I'm, Eames, Herman Miller, Amy Auscherman, Herman Miller's, Joel Vanderveen, Charles, Ray Eames, Pat Kirkham, Kirkham, wasn't, it's, It's, Auscherman, Julia Mack, Jennifer Jones, Kyle, He's, Zak Cole, who'd, Shawn Pasternak, they're, Derek Guy, HENRY, Guy, Loren Kreiss, they've, Emily Stewart Organizations: MoMA, Kingston University, Playboy, Porsche, Ikea, Democrat, Business Locations: New York City's Queens, Minnesota, ottoman, London, Brooklyn , New York, San Francisco, Brooklyn, Nashville, Los Angeles, Michigan, Washington, It's, I'm
"The Eames chair is basically meme status," said Joel Vanderveen, a 35-year-old from Minnesota who created a subreddit about a decade ago dedicated to all things Eames. "Until the last 10 years, when people would say to me they had an Eames chair, I never knew which one they meant," Kirkham said. The Eames chair is one of those rare luxury goods that checks all those boxes for novices and experts alike, in his view. Not everyone with the Eames chair has a new one, an expensive one, or even a real one. The Eames chair seems eco-friendly, too — they're not going to be tossing it out in two years.
Persons: he'd, that's, Herman Miller Eames, I'd, I'm, Eames, Herman Miller, Amy Auscherman, Herman Miller's, Joel Vanderveen, Charles, Ray Eames, Pat Kirkham, Kirkham, wasn't, it's, It's, Auscherman, Julia Mack, Jennifer Jones, Kyle, He's, Zak Cole, who'd, Shawn Pasternak, they're, Derek Guy, HENRY, Guy, Loren Kreiss, they've, Emily Stewart Organizations: MoMA, Kingston University, Playboy, Porsche, Ikea, Democrat, Business Locations: New York City's Queens, Minnesota, ottoman, London, Brooklyn , New York, San Francisco, Brooklyn, Nashville, Los Angeles, Michigan, Washington, It's, I'm
Gold and copper have been on fire, as geopolitical tensions mount, central banks buy up gold, and AI demand for copper grows. Copper, too, has done well, with copper futures hitting their highest level since 2022 last weekend. Stock picks He named Australian gold miner Northern Star and copper miner Southern Copper as stocks he's bullish on right now. He said against that backdrop, he's getting back into some gold mining stocks such as Gold Fields and K92 Mining. It said that copper demand will already "significantly exceed" supply starting this year — and that's not even accounting for demand growth from data centers.
Persons: Kingsley Jones, Jevons, CNBC's, Jones, Kamil Dimmich, Dimmich, he's, that's, Jefferies, Teck, Ian Roper, Michael Bloom Organizations: Wall Street, U.S . Federal Reserve, Stock, Northern Star, South, K92 Mining, Jefferies, JPMorgan, Teck Resources, North, Astris Advisory Japan KK, CNBC Locations: USA, Europe, South Capital, East, China, Freeport, McMoRan, Lundin, Teck, North America
AdvertisementThe majority of so-called "peak boomers" have $250,000 or less in assets , according to a recent report, write Juliana Kaplan and Ayelet Sheffey. If you're a bit surprised by the dire economic situation of peak boomers, I wouldn't blame you. Older boomers had the benefit of employer-subsidized retirement plans before a shift in the workforce left younger boomers to fend for themselves. Alistair Berg/Getty ImagesPeak boomers' retirement struggles might end up being a wake-up call for younger generations. There will be plenty of lessons learned from peak boomers entering retirement without the safety net of a pension.
Persons: , blowup Jacob Wackerhausen, Jenny Chang, Rodriguez, Juliana Kaplan, Ayelet Sheffey, that's, we've, boomers, Alistair Berg, Xers, Gen Zers, Bryan Erickson, Jane Street, Chowdhury, Elon Musk, they'd, Tesla, Tony Stubblebine, Nick Little, Dani Widell, BI's Emily Stewart, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Social Security, Security, Google, Wall Street, JPMorgan, Detroit Police Department, Tesla, BI, Verizon Locations: Covid, China, Europe, Airbnb ., America, New York, London, Chicago
From late October through March, the S&P 500 enjoyed a virtually uninterrupted 27.6% rally based on better-than-expected earnings and economic data. And while it's still well below the dot-com bubble levels, it's still too close for comfort for many investors. Related story"Those higher rates are starting to push back on elevated valuations for stocks right now," Saglimbene said. "They're all much cheaper on an earnings basis than those Magnificent 7 companies," Saglimbene said. "So I think if we avoid a recession this year, the narrative will change to a broadening of companies and sectors that can participate in earnings growth this year."
Persons: aren't, Anthony Saglimbene, Rick Pitcairn, Pitcairn, it's, we've, Raheel Siddiqui, Neuberger Berman, Siddiqui, Jon Wolfenbarger, Albert Edwards, Bill Smead, James Ragan, DA Davidson, Ragan, Saglimbene, Indrani, she's, De, Davidson, Siddiqui's Organizations: Ameriprise, Business, DA, FTSE Russell, Investors Locations: Ameriprise
"I have a weakness for potato chips," Pollan told Business Insider, ahead of the release of his latest film. monticelllo/Getty ImagesIt's not just a matter of willpower: Ultra-processed snacks, like potato chips, are designed to make you want to scarf down the whole bag. AdvertisementThe speed at which ultra-processed foods deliver carbs and fats to the body also plays a role in this cycle. Since ultra-processed foods are designed to be quick and easy to consume, people eat more calories as a result. Advertisement"A very good definition of ultra-processed food is it is made from ingredients that no ordinary person keeps in their pantry," Pollan said.
Persons: , Michael Pollan, Pollan, they'll, he's, Peter Dazeley Organizations: Service, Business, Inc, Omega
"I have a weakness for potato chips," Pollan told Business Insider, ahead of the release of his latest film. In his new documentary, Food Inc. 2, Pollan explores America's addiction to ultra-processed foods. Ultra-processed snacks, like potato chips, are designed to make you want to scarf down the whole bag. AdvertisementThe speed at which ultra-processed foods deliver carbs and fats to the gut also plays a role in the cycle. Advertisement"A very good definition of ultra-processed food is it is made from ingredients that no ordinary person keeps in their pantry," Pollan said.
Persons: , Michael Pollan, he's, Pollan, they'll, Peter Dazeley Organizations: Service, Business, Food Inc, Nestle, Coca, Omega
Now, over 15 years after "The Millionaire Matchmaker" first premiered, Stanger is back on reality TV with "Patti Stanger: The Matchmaker," an unscripted CW series where she's teamed up with former "Bachelor" star Nick Viall to help singles find love. I feel like that's a little bit controversial…Then don't date. Do ultrawealthy people all look for the same thing in a partner when they're dating with the intention to marry? Evans Vestal Ward/NBCU Photo Bank/NBCUniversal via Getty ImagesWhat are some of the biggest mistakes you see ultrawealthy people make when they're dating? "Patti Stanger: The Matchmaker" airs Thursdays at 8 p.m.
Persons: , Patti Stanger, Stanger, she's, Nick Viall, Sydney Sweeney, Margot Robbie, Kim Kardashian, Congrats, — he's, I've, Marisa Peer, She's, Vicki Gunvalson, Vicki, Steve, It's, Reza Farahan, You've, I'm, Paul Giamatti, it's, there's, he's, they're, Emily Ratajkowski —, I'd, It's Margot Robbie, Kate Beckinsale, Heidi Gutman, they'll, Evans Vestal Ward, you've, quirkiness, haven't, Jennifer Aniston, Reese Witherspoon Organizations: Service, Club, Business, CW, Getty, they're Locations: Olive, New York, New Jersey, LA
Teddy bears, meant to represent West Virginia children, appear on the National Mall during an event with the Unbearable Campaign to urge Congress to expand the Child Tax Credit on Wednesday, February 2, 2022. Sen. Thom Tillis, R-N.C., a member of the Finance Committee, said he'd be happy to see the entire tax bill fade away. Saying the bill would "create entitlement spending that would generate significantly higher deficits," he called for spending cuts to fund the child tax credit expansion. He said there's "no question" Senate Republicans are trying to sink the bill to deny President Joe Biden an achievement in an election year. "This tax bill looks like, to me, it's in very serious trouble," he said Tuesday.
Persons: Teddy, Jason Smith, Ron Wyden, Sen, Thom Tillis, he'd, Tillis, Mike Crapo of, Mitch McConnell, Crapo, Chuck Grassley, , Grassley, who's, Richard Neal, Joe Biden, Josh Hawley, Wyden, We're, Donald Trump, that's, Chuck Schumer, he'll, we'll, Schumer Organizations: Republicans, House, Senate, Republican, Democrats, Democratic, Finance, Finance Committee, GOP, NBC, Manhattan Project Locations: West Virginia, Mike Crapo of Idaho, Iowa
Advancements in AI tech have given birth to an industry of AI influencers, and major companies are beginning to show interest in their far more cost-effective approach to marketing. AdvertisementMiquela's success didn't spark a virtual-influencer revolution, but that was largely because of cost — human influencers were still cheaper. She sees AI influencers being used to provide a deep level of information, support, and guidance on brands and products. Do AI influencers really stand a chance at building trust with an audience? A study in the European Journal of Marketing found that consumers were just as likely to follow an AI influencer as a human influencer but that they didn't trust the AI influencer as much.
Persons: Zers, Gen Z, influencers, wannabes, — they're, Nikita Baklanov, Julia Broome, Baklanov, Broome, she'd, it's, Miquela Sousa, Lil Miquela, Instagram Miquela, Calvin Klein, Imma, HypeAuditor, Euronews, who's, Jenny Dearing, Dearing, ChatGPT, chatbot, Eric Schmidt, Jonathan Haidt Organizations: Stanford, UGC, Prada, Companies, Meta, Instagram, AIs, Oxford, Advertising, Air, European, Marketing, Air Canada, Google, Alpha Locations: strategize, TikTok, Antarctica, Air Canada
Houthi attack drones have mostly been intercepted by US and allied warships in the Red Sea. Air-to-air combat has been much less common, but last month, a French helicopter shot down a drone. One recent interception, however, was credited to a French helicopter crew, which blasted a Houthi attack drone out of the sky in air-to-air combat. AdvertisementPilots are 'well-trained'And the US hasn't been the only naval force to destroy Houthi threats in the Red Sea with embarked helicopters. A Germany Navy Sea Lynx helicopter flies over the corvette Oldenburg in the Baltic Sea on June 05, 2023 near Rostock, Germany.
Persons: , FRANCOIS NASCIMBENI, Brynn Tannehill, Hawk, Tannehill, Damon Coulter, Dwight D, Eisenhower, Sean Gallup, You've, you've Organizations: US, Red Sea, Service, Helicopters, Getty Images, US Navy, Navy, UH, US Army Black, US Navy Sikorsky, Helicopter Maritime, Naval Air Facility, Getty, aircraft, Command, Germany Navy Sea Lynx, German Bundeswehr Joint Forces Operations Command, BI, Lynx Locations: Red, French, France, Sissonne, AFP, Getty Images France, Iran, Yemen, Kanagawa, American, Hessen, Baltic, Rostock, Germany
About four years ago, when my landlord bought the property, I was his very first tenant. Before the pandemic, I had been in the market for quite a long time looking to buy a house. When I signed that first rental lease with my landlord in May 2020, I completely pulled myself out of the market. After being bummed about that, a few days later my landlord texted me saying, "Hey, I'm putting this house on the market. He shared with me that he bought his own place and that he was no longer going to be living in that house.
Persons: Dom Guerra, , There's, Guerra, Selena Tovanche, — I'm, you've, It's Organizations: Service, Ohio Housing Finance Agency Locations: Cleveland, Parma , Ohio
Market strategist Matt Orton sees promise in small-cap stocks this year, naming four under-the-radar companies he is bullish on right now. Year-to-date, the Russell 2000 , the benchmark for small-cap stocks, has been up nearly 5.2% despite having a tough start to 2024. Small-cap players in the U.S. stand out as "very, very attractive" right now, he said, naming Vertiv Holdings and CyberArk as two companies on his radar. The market strategist remains confident on the stock, noting that "just because it is up, doesn't mean you don't want to own it." CyberArk The market strategist also has his eye on the cybersecurity space.
Persons: Matt Orton, Orton, Raymond James, CNBC's, Russell Organizations: Raymond James Investment Management, Vertiv Holdings, Vertiv Holdings Vertiv Holdings Locations: 2H24, U.S
Michael and April Meyer bought a stone house in France for about $108,000 in 2022. "It was like our Tour de France," Michael said. Michael and April Meyer/@FrenchStoneHouseLifeThey made the offer in July last year when they were only a third through their planned six-week trip, Michael said. Embracing French cultureThe couple is also committed to immersing themselves in the French way of life — they're even taking French language classes back in the US. Michael and April Meyer/@FrenchStoneHouseLifeTheir French stone house is a vacation home at the moment, but the couple is toying with the idea of possibly retiring there in the future.
Persons: Michael, Meyer, , April Meyer, @FrenchStoneHouseLife, Michael said, — they're, They've, That's, it's, Bernice, it'd, you've Organizations: Service, de France, Social, Social Security Administration, YouTube Locations: France, California, Europe, Hawaii, Paris, Sacramento, Michael, zipping, Burgundy, Bordeaux, Loire, Limoge, America, agoh@businessinsider.com
Rep. Don Bacon on Sunday warned that "it's possible" that Speaker Mike Johnson could face a vote to oust him if he moves to pass Ukraine aid in the House. "I'm not going to deny it," Bacon, R-Neb., said when asked by NBC News' "Meet the Press" moderator Kristen Welker whether it's possible Johnson could lose his speakership over Ukraine aid. Bacon favors some support for Ukraine and highlighted his partnership with Reps. Jared Golden, D-Maine, Brian Fitzpatrick, R-Pa., and Ed Case, D-Hawaii, on a Ukraine aid bill. "We put a bill together that focuses on military aid — a $66 billion bill that provides military aid to Ukraine, Israel and Taiwan," Bacon told Welker, calling for a "bicameral, bipartisan solution." And, and I want to make sure that we have support in the Senate," Bacon said.
Persons: Don Bacon, Mike Johnson, I'm, Bacon, Kristen Welker, Johnson, — they're, Jared Golden, Brian Fitzpatrick, Ed Case, Welker Organizations: NBC News Locations: Ukraine, Maine, Hawaii, Israel, Taiwan
The effort came at a nervous time for the Journal newsroom. It's still reeling from February, when the paper sharply cut its DC newsroom, its second-biggest bureau after New York. Tucker wrote at the time that the DC bureau changes were enacted to put the company in the position to serve readers better and stand out from the competition. The union has filed grievances over the DC bureau layoffs and is considering filing grievances over the meetings, Martell said. But the mood among some has turned as Tucker has enacted layoffs in a newsroom that's largely been spared staff cuts.
Persons: , Emma Tucker's, It's, IAPE, Tucker, Dion Nissenbaum, Nissenbaum, Evan Gershkovich, who's, There's, Tim Martell, they've, they're, Martell, They're, Rupert Murdoch, We've Organizations: Service, Wall Street, News Corp, New, Business, Journal, DC, Street Journal, The Sunday Times, — News Corp Locations: New York, Beirut, London, Washington
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