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☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

☆ 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.

☆ Russia confirms naval chief replaced after Black Sea failures
▼ + stars: | 2024-03-19 | by ( Radina Gigova | Joshua Berlinger | ) edition.cnn.com time to read: +3 min

CNN —Russian state media confirmed on Tuesday that the Kremlin replaced the head of the country’s navy following a string of successful Ukrainian attacks on its Black Sea fleet. Moiseyev replaces Adm. Nikolay Yevmenov, according to TASS, whose future had been the subject of speculation for weeks due to Russia’s repeated losses in the Black Sea. Ukraine claimed last month that it had disabled a third of the Russian Black Sea fleet in attacks which have most involved underwater drones. But those losses have prompted the Kremlin to redouble its efforts to fortify the Black Sea Fleet. Russian Defense Minister Sergei Shoigu effectively admitted that Ukraine had taken advantage of vulnerabilities in the Black Sea Fleet during a visit to its command post.

Persons: Alexander Moiseyev, Moiseyev, Nikolay Yevmenov, Sergei Shoigu, Shoigu, ”, Yevmenov Organizations: CNN, Kremlin, Russian Navy, TASS, Northern Fleet, Russian Defense Ministry, Russian Federation, Defense Ministry, Fleet, Russian Locations: Kronshtadt, St . Petersburg, Borskoye, Kaliningrad region, Russia, Ukraine, Russian, Ukrainian, Moscow, Crimea

☆ Trump set to return to the city he loves to hate and hates to love
▼ + stars: | 2024-01-31 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

No modern president has been as visceral about Washington as Trump – and his contempt offers insight into his politics and his character. Washington’s marbled monuments have also been the been the backdrop for some of the most notorious moments of Trump’s political career and have highlighted his autocratic leanings. In 2020, he tweeted that people protesting the death of Floyd would be met by “vicious dogs” if they breached the White House fence. Lyndon Johnson and George W. Bush were always keen to swap the White House for their Texas ranches. Presidents have also often ventured out of the White House for refreshment.

Persons: Donald Trump, Washington, –, ” Trump, “, Trump, He’s, Steve Bannon, he’s, George Floyd, Joe Biden’s, Floyd, Muriel Bowser, It’s, ”, Washington –, Franklin Roosevelt, Lyndon Johnson, George W, Bush, Biden, Barack Obama, Theodore Roosevelt, Ronald Reagan, Abraham Lincoln, he’d, John Kennedy, Richard Nixon, Jimmy Carter, Ulysses S, Grant, Andrew Johnson, Grover Cleveland, Warren Harding, Clinton, Obama, Rudy Giuliani, MAGA, Washington Trump, George Washington, State Thomas Jefferson Organizations: CNN, Brotherhood of Teamsters, GOP, Capitol, Democratic, Trump, Fox, Memorial, Washington, Civil Rights, Washington’s Democratic, White House, Northwest DC, USS, Republican, Democratic National Committee, – Air Force, Boeing, West Palm Beach, State, Washington , D.C, White Locations: Manchester , New Hampshire, Washington ,, Washington, Lafayette, St, John’s, ”, America, Springs, Georgia, Hyde, , New York, Texas, Virginia, Florida, New Jersey, Delaware, Chicago, Rock Creek, Northwest, West Palm, Georgetown, Trump, Pennsylvania, Athens, Rome, Republic

Walsh died Nov. 12 at his home in Myrtle Point, Oregon, his daughter, Elizabeth Walsh, said Monday. “I knew we were making history,” Walsh told The World newspaper of Coos Bay, Oregon, in 2010. “There was an opportunity to pioneer,” Walsh told The World. It wasn’t until later they told us what they had in store.”Walsh was born Nov. 2, 1931, in Berkeley, California. Walsh traveled the world, including many trips to Antarctica, where the Walsh Spur pointed rock is named in his honor.

Persons: Don Walsh, Mariana Trench —, Walsh, Elizabeth Walsh, Jacques Piccard, Mariana Trench, “, ” Walsh, ” Piccard, Piccard, “ Walsh, Kurt Rothenhaus, Kelly, Don’t, ”, “ He’s, Kelly Walsh, Victor Vescovo, ” Vescovo, Don Walsh’s, Joan, ___ Thiessen Organizations: U.S . Navy, Navy, U.S . Naval Academy, University of Southern, Public, U.S . State Department, Naval, Dallas, Twitter Locations: Myrtle Point , Oregon, U.S, Swiss, Trieste, Guam, Pacific, Coos Bay , Oregon, San Diego, Berkeley , California, Texas, University of Southern California, Antarctica, Kelly, Anchorage , Alaska

☆ Apple's products are great, even if they're boring
▼ + stars: | 2023-11-18 | by ( Michael Gartenberg | ) www.businessinsider.com time to read: +7 min

AdvertisementIn the past, I've argued that Apple products have become boring because Apple seems to have lost its way with useful product innovation. But the truth is, there's a very good reason why Apple doesn't do drastic changes to its products: slow, steady and reliable products are keeping Apple on top. To be fair, under CEO Tim Cook, Apple has had several big hit new products: Apple Watch and Air Pods, come to mind. While Air Pods will work with others, they are really designed to work best with Apple products. But ultimately, even if you find Apple products boring rather than classic, they are a great choice for those looking for long-lasting, high-quality, user-friendly, reliable technology.

Persons: I've, Tim Cook, Steve Jobs, —, Apple, Ai Pin, haven't, Sperry Docksiders, it's, Ive, Cook, Siri Organizations: Apple, Service, Vision, Apple Watch, Microsoft, Ferraris, Honda, BMW, Microsoft Kin, Rolex, Porsche, Jobs, Google, Ford Locations: Cook, Milan

☆ Inside Asia's arms race: China near 'breakthroughs' with nuclear-armed submarines, report says
▼ + stars: | 2023-10-09 | by ( Greg Torode | ) www.reuters.com time to read: +7 min

But the Type 094s, which carry China's most advanced submarine-launched JL-3 missile, are considered relatively noisy - a major handicap for military submarines. The paper notes that the Type 096 submarine will compare to state-of-the-art Russian submarines in terms of stealth, sensors and weapons. That puts construction on schedule to have the boats operational by 2030, the timeline stated in the Pentagon's annual reports on China's military. Even if China's submarine force reaches technological parity, it will need to train aggressively and intensively over the next decade to match AUKUS capabilities, he added. Vasily Kashin, a Moscow-based Chinese military scholar at HSE University, said it was possible Chinese engineers had made the breakthroughs described in the report.

Persons: Jason Lee, Christopher Carlson, Carlson, Collin Koh, Koh, Alexander Neill, Neill, Vasily Kashin, Kashin, Greg Torode, Guy Faulconbridge, Gerry Doyle Organizations: Liberation Army Navy, REUTERS, Research, U.S . Naval War College, China Maritime Studies, U.S . Navy, Pentagon, U.S, People's Liberation Army, PLA, Reuters, Rajaratnam, of International Studies, New Zealand, Hawaii's, HSE University, Thomson Locations: Qingdao, China, HONG KONG, Russian, Asia, Hainan, South China, United States, Britain, Russia, France, Singapore, Soviet, Australia, Southeast Asia, Japan, India, South Korea, New, U.S, British, Western Australia, Moscow, Soviet Union, Beijing

☆ Leaked photos said to be a Russian submarine hit by Ukrainian missiles show severe damages that look beyond repair
▼ + stars: | 2023-09-18 | by ( Jake Epstein | Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

Ukraine's attack on the Sevastopol shipyard last week left a Russian submarine in rough shape. New photos leaked to social media indicate the submarine may be beyond repair, a naval expert says. The attack damaged two vessels, including the Kilo-class attack submarine Rostov-on-Don, and was the latest in a string of assaults on the peninsula, which Kyiv has vowed to liberate from Moscow. It also published satellite imagery showing the damaged Sevastopol shipyard, with a zoomed-in view of the submarine. Britain's defense ministry cited open-source evidence in suggesting that the Minsk had "almost certainly been functionally destroyed."

Persons: submariner, Bryan Clark, Don, Clark Organizations: Service, Fleet, Conflict Intelligence Team, US Navy, Hudson Institute, Ministry of Defense, US Army Locations: Sevastopol, Russian, Wall, Silicon, Ukrainian, Black, Crimea, Rostov, Kyiv, Moscow, Ukraine, Minsk, Russia

☆ North Korea's new missile sub looks kind of shoddy, but the US and its allies can't afford to ignore it
▼ + stars: | 2023-09-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

On Friday, North Korea's state media announced the launch of its new "Korean-style" ballistic missile submarine. It's possibly the same Romeo sub that was being reworked when Kim visited the shipyard in July 2019. North Korea acquired some of them from China but also built some of its own. It also shows that North Korea is actively prioritizing new nuclear capabilities for its Navy. Although work would go slowly, it'll give North Korea another way to add to its nuclear strike power.

Persons: Kim Kun, Kim Jong, Kim, Bryan Clark, Tom Shugart, submariner, it's, it'll, Clark Organizations: Service, North, Sinpho, Shipyard, US Navy, Hudson Institute, Reuters, Korean, Navy Locations: Korea, North Korea, Wall, Silicon, South Korea, Japan, Koreans, Soviet Union, China, Korean

A riddle haunts the Titan disaster. It’s the presence on the doomed craft of Paul-Henri Nargeolet, 77. The Frenchman was one of the world’s great submariners. So why was he, of all people, diving repeatedly to the Titanic on a submersible that many experts saw as a catastrophe waiting to happen? “It’s a source of great puzzlement,” said Victor L. Vescovo, a sea explorer who hired Mr. Nargeolet to oversee a series of unusually deep dives.

Persons: Paul, Henri Nargeolet, Frenchman, ”, Victor L, Nargeolet, Alfred S, McLaren, ” Dr, Navy submariner, “ Organizations: Explorers Club, Harvard Club of New, Mr Locations: Harvard Club of New York City, Navy

Vertical thrusters Horizontal thruster Viewport Horizontal thruster Vertical thrusters Horizontal thruster Viewport Horizontal thruster Titanium hemisphere Carbon fiber cylinder Titanium hemisphere Titanium hemisphere Carbon fiber cylinder Titanium hemisphereTitan had several cost-saving departures from proven submersible designs. And Titan’s carbon fiber cylinder was attached to titanium hemispheres, creating several joints of dissimilar materials that are challenging to bond properly. Titan Hull The pressure applied to a pill shape is distributed disproportionately and may cause collapse similar to a soda can being crushed. Titan The Polar Prince towed the Titan submersible through a harbor in St. John’s, Newfoundland, in May. Dolores Harvey/Alamy Alvin Alvin is brought out to sea aboard a scientific ship like Atlantis, shown here lifting Alvin over the water.

Persons: Hull, Alvin Hull, OceanGate, Oisin Fanning Alvin, Alvin, Tim Foecke, ”, Foecke, Rush, Arnie Weissmann, Dolores Harvey, Alvin Alvin, Andrew Von Kerens, submersibles, Alfred S, McLaren, Navy submariner, Kedar Kirane, Mr, Kirane Organizations: Titan, The New York Times, Oceangate, Oceanographic, Alvin, Stockton Rush, Travel, Explorers Club of New Locations: St, John’s, Newfoundland, Navy, Explorers Club of New York City

CNN —A Russian submarine commander was shot to death in the southern Russian city of Krasnodar on Monday, the apparent details of which were revealed by Ukrainian intelligence that stopped short of claiming responsibility for the shooting. Stanislav Rzhitsky was killed earlier this week by an “unknown person,” Russian state news agency TASS reported, adding that “the motive for the crime is being investigated.”Suspects for Rzhitsky’s death have been identified, according to TASS. Ukraine’s Defense Intelligence disclosed how Rzhitsky was apparently shot, in an unusually detailed statement on Telegram. As a result of the gunshot wounds, Rzhitsky died on the spot,” the statement said. In language striking a detached, perhaps even sarcastic tone, the statement said Rzhitsky had come to the conclusion that missile strikes that killed civilians were ineffective.

Persons: Stanislav Rzhitsky, Rzhitsky, Makarov, “, ” Rzhitsky, Russia’s Organizations: CNN, TASS, Ukraine’s Defense Intelligence, Strategic Communications Locations: Russian, Krasnodar, Krasnodar ., Vinnytsia

☆ Rolex certified pre-owned watches cost 25% more on average than those from traditional resellers
▼ + stars: | 2023-06-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Rolex last month expanded its certified pre-owned watch program from Europe to the US. Every model except the Daytona is at least 17% more expensive on average when certified by the Crown. Used watches that have the official stamp from Rolex currently command a 25% higher price on average across the portfolio, according to data from WatchCharts, a price-tracking platform for luxury watches. The CPO markup does not apply uniformly across all models, however: more popular watches appear to have a lower relative increase than less popular ones. With extremely constrained supplies of new watches and yearslong waitlists for certain models, the CPO program is essentially the only way to buy a Rolex on-demand from an authorized dealer.

Persons: — Organizations: Rolex, Crown, Service, CPO Locations: Europe, WatchCharts

☆ These secret US Navy underwater microphones built to detect Soviet submarines may be what caught the sounds of the Titan submersible imploding
▼ + stars: | 2023-06-23 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

A Navy system detected what is believed to have been the implosion of the Titan submersible lost touring the Titanic. That system, a naval expert said, is likely the undersea hydrophones of the Integrated Undersea Surveillance System. That system, which was initially just the Sound Surveillance System, has been listening for enemy submarine activity for decades. This system, first constructed in the early 1950s, is called the Sound Surveillance System (SOSUS). Clark said the reporting indicated that the SOSUS hydrophones are likely what detected the final moments of the Titan submersible.

Persons: —, Bryan Clark, they've, Clark Organizations: Navy, Titan, Undersea Surveillance, Service, US Navy, US Coast Guard, Expeditions, Street, Atlantic, Soviet, Hudson Institute, NPR, New York Times Locations: West, Russia, China, sonobuoys

But Titan, the lost submersible from the company OceanGate, is a technological maverick based on novel concepts that differ from standard designs. “I’ve had three people ask me about making a dive on it,” he said in reference to the lost submersible. Private vessels — those used on superyachts, exploratory craft, tourists jaunts — are not formally regulated by any governmental or intergovernmental agency. Nor do they meet the rigorous standards that are applied to deep-sea craft used by the United States Navy and other government agencies. “We are proud that every submersible delivered remains in active service and certified to its original design depth,” it says on the company’s website.

Persons: ”, Bruce H, Robison, Alfred S, McLaren, Navy submariner, “ I’ve, ‘, OceanGate, submersibles, jaunts, Jennifer, Dr Organizations: Aquarium Research, Explorers Club of New, United States Navy, Lloyd’s, American Bureau of Shipping, ” Triton, Triton Locations: Monterey, California, Navy, Explorers Club of New York City, British, Everett, Wash, Houston, American

☆ Rolex is discontinuing its $9,300 'mad scientist' Milgauss watch — and now some resellers are listing it for over $13,000
▼ + stars: | 2023-03-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Rolex has quietly discontinued one of its professional watches, the magnetic field-resistant Milgauss. Bob's Watches CEO Paul Altieri told Insider he's holding off selling until prices find a new steady state. The original version was worn by the scientists at CERN, the European Organization for Nuclear Research, in Geneva, Rolex says. It even ranks near last place among the 16 Rolex models tracked on the site. Of course, Rolex could resurrect the Milgauss in a few years, but until it does, mad scientists will have to content themselves with a pre-owned model.

☆ Want to beat the market? Go invest in a secondhand Rolex.
▼ + stars: | 2023-02-17 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Secondhand watch prices fell 8%, compared with the S&P 500's 19% drop and bitcoin's 65% crash. Rolex, Patek Philippe and Audemars Piguet are seen by watch lovers as the "Big Three" luxury makers, with a 70% market share. But prices for preowned timepieces fell slightly for all those brands in the last quarter of 2022, Morgan Stanley said. Secondhand Rolex prices slipped 5% over that three-month period, led by losses from the popular Daytona, GMT Master II, and Submariner models. "As these three brands account for around 70% of the secondary watch market, their price decline continued to weigh on the overall market."

☆ Republican Sen. Todd Young faces off against Democratic Mayor Tom McDermott in Indiana's US Senate election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Explore more race results below. Sen. Todd Young is running against Democrat Tom McDermott to represent Indiana in the US Senate. McDermott has served as mayor of Hammond, Indiana's 8th largest city, for nearly two decades. IN-01 HouseRepublican incumbent Sen. Todd Young faces off against Democrat Tom McDermott in Indiana to represent the state in the US Senate. Prior to entering public office, McDermott served six years in the Navy as a nuclear submariner.

☆ Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown
▼ + stars: | 2022-09-28 | by ( Casey Hall | ) www.reuters.com time to read: +4 min

"More and more people are now aware they can sell luxury goods for some money and the buyer side is noticing that they can get a great deal," said Zhu, 33. China's second-hand luxury market is tipped to grow to $30 billion in 2025 from $8 billion in 2020, consultancy iResearch said late last year. HANDBAGS, JEWELLERYOffice worker Wang Jianing is exploring buying second-hand luxury products, given the economic climate. China's luxury resale marketplace is expected by analysts to remain dominated by local players for now. Though handbags remain the top-selling category on luxury platforms like ZZER, Zhu said sales of watches and jewellery are also growing fast.

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