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☆ Storyblok, an Austrian CMS startup, just raised $80 million for US expansion using this 12-slide pitch deck
▼ + stars: | 2024-06-04 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Storyblok, an Austrian startup, has raised $80 million in Series C financing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Austrian startup that offers content management systems (CMS) for businesses has raised $80 million in Series C funding. Angerer told Business Insider that the company was earning $1 million in annual recurring revenue while it was bootstrapped. This story is available exclusively to Business Insider subscribers.

Persons: —, Alexander Feiglstorfer, Dominik Angerer, Angerer Organizations: Brighton Park Capital, Service, Business Locations: Austrian

☆ With Paramount's long and winding sales process coming to an end, here's what comes next for the media giant
▼ + stars: | 2024-06-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe media giant, which owns Paramount Pictures and CBS, has been in the news as an acquisition target since late last year. Skydance might not be as recognizable a name, but the company's owner and CEO David Ellison is. It's "is Paramount big enough to survive on its own?" The rush to corner the market on data centers is a move by Big Tech to secure the keys to the coming AI kingdom. Big Tech, finance, and consulting jobs are becoming harder to come by, upending the job search for young people.

Persons: —, Donald Trump, Rebecca Zisser, Warner, David Zaslav, Byron Allen, David Ellison, Larry Ellison, he's, Phillip Faraone, Peter Kafka, That's, Larry Ellison's, Alyssa Powell, Savita Subramanian, Gary Shilling, Kitty, Keith Gill, Arif Qazi, Jason Zander, they'll, Apple's, Siri, Dominic Bugatto, that's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Paramount, Business, Paramount Pictures, CBS, RedBird Capital Partners, KKR, Warner Bros . Discovery, Sony, Hollywood, Getty, Tech, Bank of America, Wall Street, GameStop, Google, Microsoft, Big Tech, BI, Washington Post, Hewlett Packard Enterprise Locations: China, India, Texas, New York, London

☆ MLB bans Padres player for betting on his team's games
▼ + stars: | 2024-06-04 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

MLB player Tucupita Marcano has been banned for gambling on his own team's games. Marcano bet on 25 Pittsburgh Pirates games he didn't play in. AdvertisementIn yet another spots-betting scandal, San Diego Padres player Tucupita Marcano has been permanently banned for gambling on hundreds of games — including his own team's. Major League Baseball (MLB) cited Rule 21 stating players can't bet on games where they have "a duty to perform," but noted Marcano didn't actually play in any of the games. Four other players also received one-year suspensions for gambling, MLB announced Tuesday.

Persons: Tucupita Marcano, Marcano, —, didn't Organizations: Pittsburgh Pirates, Service, San Diego Padres, Major League Baseball, MLB, Business

☆ A human performance scientist shares the 9 supplements he takes daily for gut, brain, and muscle health
▼ + stars: | 2024-06-04 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +12 min

Read previewA human performance scientist who's coached elite athletes and celebrities, from the LA Clippers to Travis Barker, shared the nine supplements he takes daily for gut, brain, and muscle health with Business Insider. It can involve taking supplements or undergoing medical treatments that might not be backed by robust scientific evidence as an insurance policy. AdvertisementWhether taking collagen supplements supports joint health or improves joint-related conditions such as osteoathritis is a tricky question to answer based on the information currently available. AdvertisementGalpin takes 200 mg a day of magnesium for muscle health, recovery, and sleep. Galpin takes 5,000 International Units daily for muscle, brain, and gut health.

Persons: —, who's, Travis Barker, Andy Galpin, he's, They're, Richard Bloomer, There's, Galpin, it's, Paul T, von Hippel, Harvard T.H, Rami N, It's, Dorin Organizations: Service, LA Clippers, Business, California State University, Fullerton, BI, Memphis University, Harvard Medical School, Harvard Medical, sharaff, Mayo Clinic . Studies, Cleveland Clinic, MD Anderson Cancer Center, University of Texas, Harvard, of Public Health, American Sports, Fitness Association, University of California Irvine School of Medicine, UCI Sleep Disorders, Research Locations: Austin, Chan, Europe, Asia, Mount Sinai

☆ I've stopped making friends at work
▼ + stars: | 2024-06-04 | by ( Alexandra Karplus | ) www.businessinsider.com time to read: +8 min

Because the city has a large transient population, I've seen many friends and coworkers come and go — but even this has had benefits. I've made trips to visit my work friends in their new homes around the world. Work friendships started back in New York and are still going strongThese types of strong connections with colleagues didn't just start in Singapore. More than half of those surveyed said they'd met a close friend through their work or a spouse's work. I haven't been introduced to any of my coworkers' friends or partners, nor has my husband met any of them.

Persons: —, Peter, he'd, I've, I'm, didn't, Jacques Torres Chocolate, lockdowns, they'd, Slack, Vivek Murthy, Murthy, haven't Organizations: Service, Singapore Botanic Gardens, Business, Global, Business Insider, Research, Survey Center, American, Associated Press Locations: Singapore, New York, Guildford, Bali, —, Manhattan, Dumbo , Brooklyn, Bangkok

☆ The 15 companies US business students most want to work for
▼ + stars: | 2024-06-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

Universum shared a new set of rankings about what US students said would be their ideal employers. 1 among business students. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe dream employers of US business students vary a lot based on new results from employer branding specialist Universum. Universum surveyed over 40,000 US students from September 2023 to April 2024 and put together rankings based on what students in different fields of study, such as business, chose as their ideal employers.

Persons: Universum, — Organizations: JPMorgan Chase, Fidelity Investments, BlackRock, Service, Business Locations: Universum

☆ Emails show Elon Musk diverted a $500 million shipment of Nvidia chips intended for Tesla to X instead
▼ + stars: | 2024-06-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Elon Musk redirected $500 million in AI processors from Tesla to X, CNBC reported. AdvertisementElon Musk diverted $500 million worth of AI processors meant for the carmaker, according to correspondence from Nvidia employees obtained by CNBC. Instead, he sent them to his social media platform X, the report, which was published Tuesday, said. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said, according to the report. "In exchange, original X orders of 12k H100 slated for Jan and June to be redirected to Tesla."

Persons: Elon, —, Tesla Organizations: CNBC, Service, Nvidia, Tesla, Business

☆ The 15 employers US engineering students most want to work for
▼ + stars: | 2024-06-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

Around 1 in 5 US engineering students in a survey chose Lockheed Martin as an ideal employer. 1 employer on Universum's new ranking using what engineering students said. AdvertisementWhile the labor market is looking tough for job seekers, some US engineering students are thinking about hopefully landing work at Lockheed Martin, GE Aerospace, or Nvidia one day. These places ranked highly on a new ranking about the employers US engineering students most want to work for. This story is available exclusively to Business Insider subscribers.

Persons: Lockheed Martin, Tesla, — Organizations: Lockheed, General Motors, Apple, Service, GE Aerospace, Nvidia, Business

☆ Nvidia could be set for a 30% correction as it faces 3 major headwinds, including waning demand and competition, says a senior investment researcher
▼ + stars: | 2024-06-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

"The company made a massive switch in its consumer mix," said Sandeep Rao, a senior researcher at Leverage Shares, an investment management company. As for competition, even if Nvidia's contenders appear weak, more entrants will grab market share. Beth Kindig, the CEO and lead tech analyst for the I/O Fund, estimates that AMD's market share could reach 20%. Nvidia and AMD have similar production costs since neither makes their GPUs but uses the same supplier, Taiwan Semiconductor (TSMC). "So AMD is a little bit behind in terms of performance," Rao said.

Persons: Sandeep Rao, corporates, Rao, Nvidia's, Blackwell, Rubin, AMD'sRadeon, Beth Kindig, Nvidia's Blackwell Organizations: Service, Apple, Microsoft, Business, Nvidia, Semiconductor, Nvidia Investors, AMD, Taiwan Semiconductor, Intel, Baidu Locations: China, India

☆ Some student-loan borrowers with private debt have a chance to get their balances wiped out — but they have to ask for it
▼ + stars: | 2024-06-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewThere's a process for some private student-loan borrowers to get debt relief — but many of them might not know about it. In April, Business Insider first reported that Sen. Elizabeth Warren, along with eight of her Democratic colleagues, were calling on Navient — a major private student-loan company — to cancel "decades-old predatory private student loans" under consumer protection law. While some borrowers have started to receive the application from Navient, Warren and her colleagues still urged the company to automate the process and give private borrowers the same relief federal borrowers may have already received. Still, Warren wrote on X that the process should not be "wildly confusing" — and all private borrowers who qualify for debt relief if they were defrauded should have no problem getting it. Have you received an application for private student-debt relief from Navient, or are you still struggling to get relief?

Persons: —, Sen, Elizabeth Warren, Holder, Navient, Eileen Connor, We're, Warren Organizations: Service, Business, Democratic, Navient's, Consumer Financial, The New York Times Locations: Navient

☆ Seafood restaurant admits it passed off frozen fish as fresh-caught for years
▼ + stars: | 2024-06-04 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A Mississippi restaurant pleaded guilty to misbranding its fish. It mislabeled species, and advertised imported fish as local. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementAn iconic Mississippi restaurant pled guilty to misbranding the species of seafood on its menu, according to the Justice Department, and passing off imported fish as locally caught.

Persons: —, Mary Mahoney's Organizations: FDA, Service, Justice Department, US, Office, Southern District of, Business Locations: Mississippi, Biloxi, Southern District, Southern District of Mississippi

☆ Shocking Indian election results are a crushing blow to Modi
▼ + stars: | 2024-06-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Indian Prime Minister Narendra Modi's party has suffered a devastating blow. Though Modi is claiming victory, his party is seeing major losses in the country's general election. AdvertisementFor a decade, Indian Prime Minister Narendra Modi has held a decisive grip on his country's politics. Modi, who leads India's Bharatiya Janata Party, is claiming victory for a historic third term as the country's prime minister. But even though Modi is projected to hold on to his position, his party isn't doing as well as he'd predicted.

Persons: Narendra Modi's, Modi, —, Narendra Modi, India's Organizations: Indian, Service, India's Bharatiya Janata Party, Business

☆ My family covered the bridesmaids' expenses at my daughters' weddings because it didn't seem right to ask the women to pay
▼ + stars: | 2024-06-04 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Jordison, who worked as a school librarian and preschool teacher before retiring, said that when her daughters got married in the aughts, they opted to pay for all the bridesmaids' expenses. Related storiesFor her first daughter's wedding, Jordison said she knew they wanted to cover the bridesmaid expenses. She said for her first daughter's wedding they were able to have 400 guests, but opted not to do a sit-down dinner and didn't have any wedding favors. AdvertisementJordison said covering the bridesmaids' expenses was well worth it. They also say there are some costs bridesmaids expect to pay, like for their dress, while others should be optional or covered by the bride, like hair and makeup.

Persons: —, Jean Jordison's, Jordison, we're Organizations: Service, Business Locations: Iowa City , Iowa, bridesmaids

☆ Home prices could drop for the next 6 months as inventory rises by the biggest margin since the financial crisis, investment strategist says
▼ + stars: | 2024-06-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Home prices could start falling as soon as the end of summer, one strategist predicts. That's due to a sharp rise in unsold homes, with inventory climbing 16% year-per-year in April. That's the highest increase in unsold inventory recorded since the Great Financial Crisis. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That's according to Brian Nick, a senior investment strategist at Macro Institute, who's calling for a drop in home prices that could take place over the next three to six months.

Persons: —, homebuyers, Brian Nick, Nick Organizations: Service, Macro

☆ I'm self-employed, and I've found 6 essential ways to invest in my business
▼ + stars: | 2024-06-04 | by ( Aleenah Ansari | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRunning a freelance writing business has brought many learning curves, and one of my biggest realizations is the importance of investing in myself. After three years of running my business, I have six tools that have been the most valuable. The Libby app for reading and learning on the goEqually important to being a good writer is reading good writing.

Persons: —, I've, it's, haven't, Libby, Rachel Rodgers, Elaine Welteroth, Amanda Montell Organizations: Service, Business, Quickbooks

☆ Modi's election surprise raises questions about India for USA Inc
▼ + stars: | 2024-06-04 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Narendra Modi's party won far fewer seats than expected in India's election. Modi's weakened majority may make it tougher for his government to push through reforms. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNarendra Modi looks set to secure a historic third term leading Indian despite his party winning far fewer seats than exit polls had suggested. The outcome sent Mumbai-listed stocks plummeting — and Modi's significantly weakened majority could be a source of concern for American businesses, too.

Persons: Narendra Modi's, Modi's, —, Narendra Modi, that's Organizations: Service, Business Locations: Mumbai, India

☆ The 15 companies US tech students most want to work for
▼ + stars: | 2024-06-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

1 spot in Universum's US ranking based on a survey of computer science students. The spots in the ranking are based on what students said were their ideal employers. 2 in the new ranking based on business students and No. But it looks like US computer science students are still thinking about some well-known tech companies, such as Microsoft, as employers they would love to work for — at least based on new results from another survey. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Google, Service, Microsoft, Business

☆ JPMorgan's bearish quant guru says the meme-stock resurgence is a bad sign for markets
▼ + stars: | 2024-06-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The resurgence in meme-stocks is a bad sign for the broader stock market. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe resurgence in meme stocks is a bad sign for the stock market, according to JPMorgan chief global markets strategist Marko Kolanovic. A peak in speculative trading activity could spell trouble for the broader stock market down the road. Though one barometer of speculative trading, FINRA margin debt, has yet to eclipse its February 2021 peak of $935 billion.

Persons: Marko Kolanovic, Kolanovic, — Organizations: JPMorgan, Service, Chicago PMI, GameStop, AMC Entertainment Locations: Chicago

☆ Delivering food on an e-bike or moped is a deadly endeavor in New York City
▼ + stars: | 2024-06-04 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +9 min

New York City delivery workers who don't use cars have one of the deadliest jobs in the city. There are now more than 65,000 app-based restaurant delivery workers in the city, and about 80% of them use e-bikes and motorbikes. The city report found that 28.7% of e-bike or moped delivery workers experienced injuries that forced them to miss work, lose consciousness, or seek medical care. They're asking for wider protected bike lanes, or even separate lanes for e-bikes and mopeds, and charging facilities for e-bikes. Indeed, "New Yorkers are dependent on app delivery workers to keep them safe and fed during times of crisis," she added.

Persons: —, takeout, Eric Adams, it's, Jose Alvarado, Andrew Lichtenstein, Brad Lander, Uber, DoorDash —, Ligia Guallpa, Guallpa, DoorDash, Guallpa's, Lander Organizations: Service, Business, Department of Consumer and Worker Protection, US Bureau of Labor Statistics, Bureau of Labor Statistics, Bloomberg, Yorkers, New York Times, Department of Transportation, Getty, City, York, Workers Justice Locations: New York City, York, New York, South Bronx, York City, City, Manhattan, Williamsburg , Brooklyn

☆ The 'promised land' of stable, high-paying jobs for recent grads is falling apart
▼ + stars: | 2024-06-04 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +10 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Austin Wang, a class-of-2025 computer-science major at Yale University, said students were "scared that engineering roles will be replaced in the future." Handshake found that fewer prospective business graduates were applying to consulting roles and that more were seeking positions in customer relations, marketing, and analytics compared with last year. Handshake's analysis suggested tech job postings geared toward fresh graduates fell by 30% compared with last year. Advertisement"It's quite bad for entry-level jobs in general but even worse for international students," she said.

Persons: —, It's, Goldman Sachs, Morgan Stanley, Austin Wang, Fabrice Coffrini, Beth Hendler, Matthew Park, Anika Nair, Rutgers University . Austin Wang, Anika Nair Yale's Wang, Wang, Amr Alfiky, you'll, Adnan Hussain, Christine Cruzvergara, Richard Carruthers, I've Organizations: Service, Management, Big Tech, National Association of Colleges, Employers, Business, New York Times, Yale University, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture, McKinsey, Getty Images Industry, Yale, Tech, Companies, Ivy League, Rutgers University ., Rutgers University, JPMorgan —, Investment, Citigroup, JPMorgan, Deutsche Bank, Finance, Reuters, National University of Singapore, Imperial College London, KPMG, Deloitte, HSBC, Amazon Web Services Locations: Wall, AFP, Singapore

☆ An elite bodybuilder says he doesn't use protein shakes to build muscle. Here's what he eats instead.
▼ + stars: | 2024-06-04 | by ( ) www.businessinsider.com time to read: +4 min

Read previewPro bodybuilder Nick Walker doesn't rely on protein shakes to build muscle. Instead, he eats whole foods like chicken and steak to sculpt his award-winning physique for bodybuilding's biggest stage. Experts say the optimal amount of protein to build and maintain muscle is at least 0.7 grams per pound of body weight daily. His go-to protein sources include steak and chickenWalker said that his diet is boring, even stereotypical for a bodybuilder, with a lot of chicken or steak and rice. Walker said his nutrition and supplement routine helps support his overall health, along with regular medical check-ups.

Persons: —, Nick Walker doesn't, Walker Organizations: Service, Mr, New York Pro, Business, YouTube, Health

☆ 'Bridgerton' actor Jessica Madsen would 'love' to see Eloise and Cressida have a friends-to-lovers story
▼ + stars: | 2024-06-04 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read preview"Bridgerton" actor Jessica Madsen and fans of the show want one thing: for Cressida Cowper and Eloise Bridgerton to fall in love with each other. AdvertisementSpeaking to Business Insider ahead of the "Bridgerton" season three, part one premiere, Madsen said she would love to see Cressida and Eloise have a friends-to-lovers storyline. Calls for Cressida and Eloise to become a couple grew after fans became aware that Madsen is in love with a woman. Benedict (Luke Thompson) (right) and Eloise Bridgerton (Claudia Jessie) in "Bridgerton" season three. Advertisement"I've always loved that there's this coding that people have with Eloise," Jessie said.

Persons: —, Jessica Madsen, Cressida Cowper, Eloise Bridgerton, Cressida, Madsen, Eloise, Claudia Jessie, Liam Daniel, " Madsen, I'd, haDUA9W72u, brian ✒️ ✨, eloise don’t, Ha7zSiXPkW, kenna 🤠 Organizations: Service, Netflix, Business, Pride

☆ Lyft's CEO faces pushback after driving for the app and posting about how great it was
▼ + stars: | 2024-06-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Read previewSome Lyft drivers are deriding a LinkedIn post by the company's CEO after he spent an hour and a half shuttling customers around Napa Valley over the weekend. The CEO, David Risher, posted on Monday about a series of rides he completed in California's wine county. Related storiesSome comments on the post lauded the CEO for seeing what the job that keeps his company running is actually like. "Some people claim that Lyft drivers are friendlier, but that's a misconception since most of us drive for both companies." AdvertisementA Lyft spokesperson told Business Insider that Risher completed the rides without a status boost under the Lyft Rewards program.

Persons: —, David Risher, Risher, LinkedIn Risher, Lyft, Uber, commenter, Dara Khosrowshahi, He's, Khosrowshahi Organizations: Service, Lyft, Business, LinkedIn, Gilbert AZ, Tempe AZ, Drivers Locations: Napa Valley, California's, Napa, Gilbert, San Francisco

☆ Shopify will stop reimbursing employees for internet costs while remaining a remote-first company
▼ + stars: | 2024-06-04 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Shopify told employees late last week that, as of July 1, the company will no longer allow certain types of expense reimbursements. Those expenses include a benefit that allows employees to be reimbursed for up to $55 in monthly internet costs. "The Internet expense was set up to fill a need as the pandemic hit and we transitioned to remote work. AdvertisementThe policy will continue in certain countries and US states where regulations require employers to provide reimbursement for remote work costs. AdvertisementRepresentatives for Shopify did not return BI's request for comment on the changes to its expense policy.

Persons: Shopify Organizations: Service, Business, BI, Employees Locations: Canada, Shopify, mstone@businessinsider.com

☆ The scary secret behind the boom in data centers
▼ + stars: | 2024-06-04 | by ( Adam Rogers | ) www.businessinsider.com time to read: +10 min

Last year all the data centers in the world had room for 10.1 zettabytes of information — roughly 456 billion Wikipedias. And with the rise of artificial intelligence, which requires vast quantities of data and power, the global capacity of data centers is expected to double by 2027. Data centers are more than just vast digital warehouses. The more data centers those companies have, the more of those services they can offer, and the more storage and number-crunching capacity they can provide. Over time, economists warn, AI startups will inevitably lose out to the tech giants that control the data centers.

Persons: they're, Cecilia Rikap, Matthew Wansley, Jonas Jacobi, Jacobi, It's, Rikap, Bengt, Åke, There's, Lina Khan, Today's, Adam Rogers Organizations: Google, Microsoft, Amazon Web Services, Big Tech, Corporate, Regulators, Yeshiva University, Amazon, Venture, Aalborg University, Tech, Google Cloud, Federal Trade Commission, Business Locations: OpenAI, Hotel California, Denmark, Europe, lockstep

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