DIRS.INFO The most relevant business & tech news

☆ Jeff Bezos' Blue Origin is about to fly people to space for the first time in 2 years. Here's why it took so long.
▼ + stars: | 2024-05-17 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +6 min

Read previewJeff Bezos' private space company, Blue Origin, recently announced its plans to launch a crew of six aboard its New Shepard rocket this Sunday. Still, late last year, Jeff Bezos told Lex Fridman on Fridman's podcast that "Blue Origin needs to be much faster." About one minute into the flight, Blue Origin lost the first-stage booster due to a faulty nozzle in the booster's engine. Blue OriginVirgin Galactic and Blue Origin are both in the suborbital space tourism business. Bezos says Blue Origin's culture isn't fast enoughJeff Bezos founded Blue Origin in 2000.

Persons: —, Jeff Bezos, Sara Sabry, Lex Fridman, Shepard, New Shepard, That's, ULA, Ted S, Warren, Bezos, Fridman Organizations: Service, Shepard, Business, Virgin Galactic, SpaceX, Origin, Federal Aviation Administration, Italian Air Force, Virgin, Glenn, United Launch Alliance, Rocket, NASA, US Space Force, AP Locations: Texas, New, Glenn, ULA

☆ Tesla cuts all but 3 of its 3,400 listed jobs in North America
▼ + stars: | 2024-05-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Tesla cut over 3,400 North American job postings down to just three. Tesla's official careers page and LinkedIn showed different results. AdvertisementIf Tesla is your dream company, you'll have to compete for one of just three listed US jobs. On Wednesday, the electric vehicle maker cut over 3,400 job postings in North America to just three. The now-axed roles, which were mostly in California, Texas, and Nevada, were listed on Tesla's official careers page as recently as Tuesday, according to a Quartz analysis of archived pages.

Persons: Tesla, Tesla's, — Organizations: Service, Business Locations: American, North America, California , Texas, Nevada

☆ How to buy your first luxury watch
▼ + stars: | 2024-05-03 | by ( Christy Choi | ) edition.cnn.com time to read: +9 min

Learn the lingoJust like buying a car, there are some technical terms prospective watch buyers can benefit from knowing. Parts of the watchCrown: Small knob found on the side of the watch used to change the date and time. Automatic movement: A mechanical watch that does not need a battery to move, it relies on movement from the wearer to wind. Buy a watch for the right reasons and consider what you need from itDon’t get sucked into hype around a watch. See if the designer made any othersWhile on the lookout for a watch to wear to his wedding, Pang saw a six-figure Audemars Piguet watch.

Persons: you’ve, it’s, Patek Philippe, Cartier, Vacheron Constantin, Sotheby Asia’s, Joey Luk, Charles Frodsham, “, ”, Johnathan Chan, you’re, Helbert Tsang, Tim Stracke, don’t, Luk, Carlos Pang, Pang, Gerald Genta, Chan, … Organizations: CNN, Rolex, Horology, Facebook, IWC, ” Locations: haute, Hong Kong, Geneva

☆ The pre-owned luxury watch market is thriving
▼ + stars: | 2024-04-24 | by ( Fawnia Soo Hoo | ) edition.cnn.com time to read: +11 min

Granted, the pandemic-induced second hand luxury watch boom peaked back in March 2022, but the market is still going strong, and price levels remain higher than pre-Covid times. “(They’re) a crucial demographic for the growth and evolution of the pre-owned and vintage luxury watch industry,” added Paul Altieri, founder & CEO of multi-brand online luxury marketplace Bob’s Watches. Don't be shy," said Dimepiece's Brynn Wallner of new buyers' potential nerves when it comes to luxury watch stores. How can you tell if a luxury pre-owned watch is the real deal? “Luxury watches of this caliber will go from one generation to the next to the next to the next,” he explained.

☆ 4,000-year-old tube of ancient red lipstick discovered in Iran, scientists say
▼ + stars: | 2024-03-18 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —A small stone vial discovered in southeastern Iran contained a red cosmetic that was likely used as a lip coloring nearly 4,000 years ago, according to archaeologists. More than 80% of the analyzed sample was made up of minerals that produce a deep red color — primarily hematite. The substance found in the stone vial was made from different minerals — including hematite, shown in red. Whether the vial from Iran was the earliest lipstick, “all comes down to what this new discovery was actually used for,” she said. The rest is slowly emerging from new excavations.”It’s not clear who would have worn the lipstick — or in what context.

Persons: It’s, Massimo Vidale, ”, —, Joann Fletcher, Fletcher, Laurence Totelin, Totelin, ” Totelin, kohl, ” Vidale, Vidale, “ Organizations: CNN, University of Padua’s Department of Cultural Heritage, University of York’s, Cardiff University, Archaeological Museum, Jiroft Locations: Iran, Italy, Egypt, Jiroft

☆ $1 Million Homes in London
▼ + stars: | 2024-03-08 | by ( Marcelle Sussman Fischler | ) www.nytimes.com time to read: +1 min

Nunhead Green | £795,000 ($1.01 million)A semi-attached, renovated two-bedroom, one-bath Victorian cottage with a contemporary interior and front and rear gardens. The London skyline is visible from the parklike Nunhead Cemetery. Neighboring Peckham Rye has an expansive park and common area with a Japanese garden, sports facilities, cafes, bars, restaurants and shops. From the Peckham Rye station, rail service takes ten minutes to London Bridge and 15 minutes to Victoria. A built-in white sink with a high arc brass faucet and the refrigerator are at the far end.

Organizations: Conservation, London Bridge Locations: Southeast, London, Peckham Rye, Victoria, bookshelves

☆ Scientists use cosmic rays to date earliest evidence of humans in Europe
▼ + stars: | 2024-03-06 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

Archaeologists have recovered 90,000 stone tools from the site, which lies close to Ukraine’s southwestern border with Hungary and Romania. Some 90,000 stone tools made by early humans have been found at the site but no human fossils. Garba‘s colleagues measured two nuclides, aluminum-26 and beryllium-10, found in quartz grains from seven pebbles discovered in the same layer as the stone tools. The earliest human fossils unearthed in Europe are from the Atapuerca site in Spain and date back 1.1 million years, according to the study. Korolevo would have been appealing to ancient humans because it’s near the Tisza River, which leads to the Danube, and there was a readily available source of hard rock to knap stone tools, Garba said.

Persons: Roman Garba, ”, “, ” Garba, Garba, It’s, Briana Pobiner, wasn’t, hominins Organizations: CNN, Czech Academy of Sciences, Archaeological Institute, NAS, Smithsonian National Museum of Locations: Ukraine, Europe, Prague, Hungary, Romania, Africa, Spain, Georgia, Dmanisi, Washington , DC, hominins

☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

☆ Star dunes: Ancient find helps scientists unravel secrets of mysterious sand structures
▼ + stars: | 2024-03-04 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

Using radar scans and analysis of sand grains buried deep inside the star dune, scientists mapped the mound’s internal structure. “It’s moving about half a meter per year,” demonstrating that star dunes are about as active as most other dunes, Duller told CNN. A mystery solvedThe new findings also addressed a longstanding mystery for geologists: Where is all the ancient evidence of star dunes? Star dunes are so big; perhaps eroded parts of their preserved structures were previously identified as standalone remnants of other types of dunes, the study authors reported. “The fact that star dunes have not been identified very much in the stratigraphic record may partly be because many geologists were not very much aware of star dunes and only knew about longitudinal dunes and barchans (crescent-shaped dunes),” Goudie said.

Persons: ” Andrew Goudie, Goudie, ”, Geoff, “, Lala Lallia, Charles Bristow, ” Bristow, Chebbi, Charlie Bristow, Bristow, ” Goudie, ” Mindy Weisberger Organizations: CNN, University of Oxford, Aberystwyth University, sedimentology, Birkbeck College, University of London, University of London's Birkbeck, Google, Scientific Locations: Erg Chebbi, Morocco, United Kingdom, Wales, Aberystwyth, Scotland

☆ People in this remote valley live to 100—they follow 5 distinct diet and lifestyle habits for longevity
▼ + stars: | 2024-02-17 | by ( Samantha Shea | ) www.cnbc.com time to read: +4 min

A Wakhi woman and her yak in Avgarch Village, one of the oldest settlements of Hunza Valley that's only accessible by foot. In a little-known mountainous area called Hunza Valley, located far north of Pakistan, people seem to defy all medical odds. They consume apricot seeds and oilApricot trees are one of the most important local crops in the valley. Studies have shown that apricot seeds can help fight cancer and other sources of inflammation in the body, in part due to a compound called amygdalin. A shiny, dark-grey liquid, "Hunza water" has long held the interest of scientists.

Persons: Samantha Shea Organizations: U.S Locations: Avgarch Village, Hunza, Pakistan, Patundas, Upper Hunza, Chapursan

☆ Done with diamonds? Gemstone engagement rings are capturing hearts and market share
▼ + stars: | 2024-02-14 | by ( Courtney Reagan | ) www.cnbc.com time to read: +4 min

"We're seeing a shift in much larger center stone engagement rings, primarily as a result of lab-grown diamonds, and sapphires and rubies tend to be very hot," Daga said. A decade ago, about 5% of engagement rings were colored gemstones, according to Daga. watch nowIndustry giant Signet Jewelers is seeing the same gemstone trend in the wedding category as well as in fashion pieces. Beyond engagement rings, Signet said amethyst and ruby are always popular stones for the Valentine's season. Solidcolours | Istock | Getty ImagesWholesale prices for sapphire gemstones are up 12% per year over the past three years, Daga said.

Persons: Craig Hastings, Ankur Daga, Daga, Jared, Kay, Signet, Beth Gerstein, Gerstein, Boonyakiat, Tourmalines Organizations: Industry, Signet, Getty, Istock, Rolex Locations: London, Madagascar, Angara, Kashmir, Sri Lanka, Zambia, Colombian

☆ 15 home trends you'll probably regret in a few years, from interior designers
▼ + stars: | 2024-02-02 | by ( Alyssa Towns Swantkoski | ) www.businessinsider.com time to read: 1 min

People who like to cook and spend time in the kitchen shouldn't choose marble countertops. Marble is easy to chip and stain. "They're beautiful, but they also chip and stain easily," he said. They have options that look just like marble. Or if you want a natural look, choose granite."

Persons: Bai, Joe Cangelosi

☆ OpenAI's GPT Store is being flooded by AI girlfriend bots despite explicit rules that prohibit them
▼ + stars: | 2024-01-15 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

GPT Store is playing host to several "girlfriend" bots, despite explicit rules against them. OpenAI launched the hotly anticipated marketplace on Wednesday. First announced two months ago, the store is a marketplace for AI apps built with OpenAI's technology. Analysis from Quartz showed, however, that searching for "girlfriend" on the company's new marketplace brings up at least eight of the romantic AI chatbots. Examples found by the outlet included "Korean Girlfriend," "Virtual Sweetheart," "Your girlfriend Scarlett," and "Your AI girlfriend, Tsu✨."

Persons: OpenAI, —, Scarlett, Tsu Organizations: Service

NEW YORK (AP) — The irreverent feminist website Jezebel is making a comeback less than a month after it was shut down. Paste Magazine, a digital pop culture publication based in Atlanta, announced Wednesday that it was buying Jezebel.com from G/O Media, which closed it and laid off its staff earlier this month. Like many other digital publications, however, Jezebel struggled in recent years to find a sustainable business model as digital advertising plummeted. Paste said Jezebel's “acquisition is poised to bring together the strengths of Paste Magazine’s established presence in the media landscape with Jezebel’s influential position in addressing contemporary issues.”Paste did not immediately return an e-mail seeking further details. The New York Times reported that Paste is searching for a new editor-in-chief for Jezebel before hiring writers.

Persons: Jezebel, Paste, “, Josh Jackson, Jezebel’s, ”, ” Jackson, Jim Spanfeller, ” Spanfeller Organizations: Paste Magazine, New York Times, Paste, Gawker Media Locations: Atlanta

NEW YORK (AP) — Jezebel, the sharp-edged feminist website founded at the height of blogosphere era, is shutting down after 16 years, its parent company announced Thursday. G/O Media said 23 staffers would be laid off, including Jezebel's team, as part of a restructuring to cope with economic headwinds and a difficult digital advertising environment. The New York-based company also announced the departure of G/O Media editorial director Merrill Brown. In a memo to the company, G/0 Media CEO Jim Spanfeller said he made the “very, very difficult decision to suspend publication of Jezebel” after an unsuccessful search for a buyer for the website. In 2019, Jezebel became part of the G/0 Media portfolio, which also includes Gizmodo, Quartz, the Onion and the Root.

Persons: Merrill Brown, Jim Spanfeller, Jezebel ”, Spanfeller, Anna Holmes, Jezebel, Jim Spanfeller’s, Laura Bassett, ”, Lauren Tousignant Organizations: O Media, Gawker Media, WGA, Media Locations: New York

The company owns and operates several digital media outlets, including Gizmodo, Quartz and Deadspin. News of the site’s closure bookended a revolution of feminist writing on the internet that Jezebel helped kick off when it launched in 2007. A wave of sites, including DoubleX, from Slate, and Reductress, followed, many of them adopting Jezebel’s incisive focus on gender politics and racism. Anna Holmes, who founded Jezebel and left the publication in 2010, woke up to the announcement of the site shuttering on Thursday and said she was still processing the news. Ms. Holmes, 50, said that she was hired by Nick Denton, the founder of Gawker Media, to launch the publication in 2007.

Persons: Spanfeller, “, Jezebel, Anna Holmes, ”, Holmes, Nick Denton Organizations: O Media, Slate, Gawker Media

☆ How seaweed shaped the past and could shape our future
▼ + stars: | 2023-10-21 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

CNN —Too often seaweed is portrayed as a slimy, smelly nuisance that disrupts beach trips and ocean swims. In fact, seaweed, officially a type of marine algae, is an untapped resource that could transform the planet and our health. Farmer Jean-Marie Pedron picks edible seaweed along a beach of Le Croisic in western France in March 2021, for a three-starred chef. As well as offering hope for the future, seaweed indelibly shaped our past, as a fascinating finding released this week has revealed. Hassanain Qambari & Jayden Dickson/Nikon Small World Photomicrography CompetitionCaffeine crystals in a kaleidoscope of color.

Persons: CNN —, Farmer Jean, Marie Pedron, Loic Venance, Vincent Doumeizel, Karen Hardy, —, James Webb, Luke Farritor, Salvatore Laporta, ”, papyrologist Michael McOsker, Farritor, Svante Pääbo, hominins, Hassanain Qambari, Jayden Dickson, Mona Lisa ”, Leonardo da Vinci, Ashley Strickland, Katie Hunt Organizations: CNN, Getty, United Nations, Telescope, National, AP, University of Nebraska, University College London, Diabetes, Nikon, Lions Eye Institute, CNN Space, Science Locations: Le Croisic, France, AFP, Orkney, Scotland, Mount, Naples, Italy, Europe, Altai, Central Asia, Australia, Alaska

☆ Quartz crystals detected swirling in atmosphere of exoplanet WASP-17b
▼ + stars: | 2023-10-17 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —Astronomers using the James Webb Space Telescope have for the first time detected tiny quartz crystals containing silica — a common mineral on Earth — within the atmosphere of a blazing hot exoplanet. An artist's concept depicts what the exoplanet WASP-17b could look like. What the quartz crystals reveal about WASP-17bWasp-17b takes 3.7 Earth days to complete one orbit around its star. Webb detected quartz crystals in the atmosphere of WASP-17b. While the clouds can drift around the planet, they likely vaporize on the hot day side, which could send the quartz particles swirling.

Persons: James Webb, Ralf Crawford, “, ”, David Grant, Hannah Wakeford, ” Grant, Wakeford Organizations: CNN —, NASA, ESA, CSA, University of Bristol, WASP, Minerals, “ WASP

☆ Pepsi has long way to go to win Ozempic challenge
▼ + stars: | 2023-10-10 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

The purveyor of Gatorade and Cheetos boosted operating profit 14%, to about $4 billion, after hiking prices by at least 10% for the seventh consecutive quarter. The quantity of drinks and snacks sold is slumping, however, and anti-obesity drugs are just starting to make their mark. Pepsi’s shares have tumbled 14% since May, lagging the 5% gain in the S&P 500 Index (.SPX) over the same period. The head of Walmart’s (WMT.N) U.S. drugstores told Bloomberg that customers taking Ozempic, Wegovy and others are pulling back on junk-food purchases. The latest results from Pepsi quelled fears of any immediate impact, but also raise questions about the future.

Persons: Brendan McDermid, Eli Lilly, drugstores, Morgan Stanley, Boss Ramon Laguarta, Laguarta, Lay, Hugh Johnston, Jeffrey Goldfarb, Sharon Lam Organizations: REUTERS, Reuters, PepsiCo, Gatorade, Novo Nordisk, Bloomberg, Pepsi, Frito, Thomson Locations: New York City, U.S, Wegovy

☆ 20,000-year-old footprints show humans have been in the Americas longer than previously thought, scientists say
▼ + stars: | 2023-10-09 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

In 2021, researchers dated ancient human footprints in New Mexico to at least 20,000 years ago. New data bolsters the evidence for the original date, among the earliest for humans in the Americas. AdvertisementAdvertisementIn White Sands National Park, New Mexico, mingled among tracks of mammoths, ground sloths, and other ancient animals, researchers found human footprints. The footprints — and other recent evidence — push back the date of human arrival by thousands of years. They radiocarbon dated pollen grains from conifer plants in the area.

Persons: —, Kathleen Springer, Sally Reynolds, Jeff Pigati, Bente Philippsen, Loren Davis Organizations: Service, Sands, US Geological Survey, Washington, National Parks Service, Geological Survey, Science, Springer, Oregon State University, NPR Locations: New Mexico, Americas, , New Mexico, White

The estimated age of the footprints was first reported in Science in 2021, but some researchers raised concerns about the dates. It uses two entirely different materials found at the site, ancient conifer pollen and quartz grains. The new study isolated about 75,000 grains of pure pollen from the same sedimentary layer that contained the footprints. “Dating pollen is arduous and nail-biting,” said Kathleen Springer, a research geologist at the United States Geological Survey and a co-author of the new paper. Ancient footprints of any kind — left by humans or megafauna like big cats and dire wolves — can provide archaeologists with a snapshot of a moment in time, recording how people or animals walked or limped along and whether they crossed paths.

Persons: ”, Thomas Urban, Thomas Stafford, “, Kathleen Springer, Jennifer Raff Organizations: White Sands National, Cornell University, United States Geological Survey, University of Kansas, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: New Mexico, Americas, White Sands, Science, Russia, Alaska, Albuquerque , New Mexico, Brazil

☆ New tests confirm antiquity of ancient human footprints in New Mexico
▼ + stars: | 2023-10-05 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

A 2021 study by these researchers also dated the footprints, based on tiny plant seeds embedded in the sediment alongside them, to about 21,000 to 23,000 years ago. This paper is that corroborative exercise," added study co-lead author Kathleen Springer, also a USGS research geologist in Denver. Scientists believe our species entered North America from Asia by trekking across a land bridge that once connected Siberia to Alaska. The researchers also used optically stimulated luminescence dating to determine the age of quartz grains within the footprint-bearing sediments. "And just like today, if anyone walks in a similar setting, their footprints are preserved if they are covered with another layer of sediment," Springer added.

Persons: Jeff Pigati, Kathleen Springer, sapiens, Matthew Bennett, Bennett, Pigati, Springer, Will Dunham, Rosalba O'Brien Organizations: Sands, U.S . Geological Survey, Scientists, North America, Bournemouth University, Thomson Locations: North America, New Mexico, Illinois, Denver, Africa, Asia, Siberia, Alaska, North, England

☆ Scientists say they’ve confirmed evidence that humans arrived in the Americas far earlier than previously thought
▼ + stars: | 2023-10-05 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

This date dramatically pushed back the timeline of humans’ history in the Americas, the last landmass to be settled by prehistoric people. National Park ServiceHowever, some archaeologists questioned the age of the footprints established by those initial findings. Human footprints infilled with white gypsum sand at White Sands National Park. A trench at the study site with David Bustos, White Sands National Park's resource program manager, in the foreground. Nor, despite advances in genetic evidence, is it clear whether one or many populations of early modern humans made the long journey.

Persons: ”, Kathleen Springer, “, David Bustos, Jeff Pigati, there’s, Bente, Jennifer Raff Organizations: CNN, Service, Science, Sands, Park Service, Geological Survey, White Sands, Norwegian University of Science, Technology, North, University of Kansas Locations: what’s, New Mexico, Americas, Tularosa, White Sands, North America, Asia, New York City, Cincinnati, Des Moines , Iowa, Alaska

☆ Inside the consulting industry's race to become AI rainmakers
▼ + stars: | 2023-10-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

Big consulting companies are racing to add to their offerings around artificial intelligence. That's the bet consulting companies have been making as they rush to build out their generative AI offerings. To help companies figure out how to use AI, the consulting giants are racing to scoop up companies that specialize in the technology. Consulting firms' push to bulk up on AI comes as many workers are worried that AI bots will snatch their jobs . That same month, Deloitte introduced a set of services called Quartz AI to help clients use technology like GenAI.

Persons: —, they're, OpenAI's ChatGPT, They're, Sawhney, ChatGPT, Steve Chase, he's, Chase, EY EY, EY, PwC PwC, PwC, Shannon Schuyler, Bain, BCG Organizations: Service, Accenture, McKinsey, PriceWaterhouseCoopers, Northwestern University's Kellogg School of Management, Deloitte, LinkedIn, Fortune, KPMG, Microsoft, KPMG US, Bain Bain & Company, Boston Consulting, OpenAI, Deloitte Deloitte, Nvidia, QuantumBlack, QuantumBlack Labs Locations: Mexico

☆ Instagrammable laundry rooms are the latest luxury status symbol of rich millennials
▼ + stars: | 2023-10-01 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Instagrammable laundry rooms have become a new luxury status symbol for millennial homeowners. AdvertisementAdvertisementRich millennials are starting to splurge on a space in the home that has previously been neglected and hidden from guests – the laundry room. Homeowners increased spending on laundry rooms by 33% in 2021, according to a 2022 survey by Houzz, an interior design website connecting homeowners with renovation professionals. On social media, upscale laundry rooms are decked out with colorful tiles, marble counters, tongue and groove wall paneling, expensive hardware, an abundance of storage space, and even dog showers in some cases. Others are taking it up a notch with nearly $30 luxury laundry detergents from brands like The Laundress and of course, the firm favorite – the $40 Aesop handwash, perched by the butler sink.

Persons: They're, —, Rich millennials, There's, Sarah Davies, Kate Guinness, there's, they've, Dina Bandman, Nina Magon, Priscila Forster, Forbes, Perrin, Rowe, pricey Organizations: Service, Instagram

Search resuls for: "Quartz"

25 mentions found