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☆ Larry Ray was accused of starting a sex cult of college students at Sarah Lawrence. Here's where he is today.
▼ + stars: | 2024-06-23 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Read previewBack in 2019, The Cut published a bombshell investigation into a pattern of concerning student behavior at Sarah Lawrence College. After "The Stolen Kids of Sarah Lawrence" was published in April 2019, a joint FBI and NYPD task force began investigating the allegations. Ray (born Lawrence Grecco) was indicted on charges including sex trafficking, forced labor, conspiracy, racketeering, tax evasion, and exploitation. In early 2023, Judge Lewis Liman sentenced Ray, then 63, to serve 60 years in prison. Later that year, several of the cult's survivors filed a lawsuit against Sarah Lawrence, saying the school failed to protect them.

Persons: —, Larry Ray, Ray, Talia Ray, Hulu docuseries, Here's, Talia, Ray ., Santos Rosario, Sarah Lawrence, Lawrence Grecco, Claudia Drury, Drury, William F, Sweeney Jr, Judge Lewis Liman, Liman Organizations: Service, Sarah Lawrence College, Business, Hulu, FBI, NYPD, Prosecutors, New York Times, York Magazine Locations: New Jersey, Manhattan

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Persons: Lando Norris, Verstappen, we'll, Russell, Ferraris, we've, you'll, Spain, ExpressVPN, it's, There's Organizations: Business, RTL2, Spain F1, ABC, ESPN, MLB, NHL, NFL, UFC, Hulu, Disney Plus, ESPN Sling, Spain, Sky Sports, Sky, Premier League Locations: Europe, Canada, Spain, Hamilton, ORF1, Austria, Belgium, Luxembourg, TV's

☆ Used-EV prices are crashing as buyers shift back towards hybrid vehicles
▼ + stars: | 2024-06-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Used EVs now cost less than their gas counterparts, with the gap ballooning since February. AdvertisementConsumers are pumping the brakes on electric-vehicle demand as technological limitations erase the premium buyers used to be willing to pay. For the first time, used EVs are less expensive than their traditional gas counterparts. Not only are prices lower, they're also plummeting at a much steeper clip, a recent report from iSeeCars said. According to the study, the average used EV fell $265 below the typical gas car in February, marking the trend's start.

Persons: they're, —, iSeeCars Organizations: Service, Business

☆ My internship at Bridgewater Associates felt like a 'Black Mirror' episode
▼ + stars: | 2024-06-23 | by ( Jane Zhang | ) www.businessinsider.com time to read: +11 min

The summer after my sophomore and junior years at Harvard University, I interned at Bridgewater Associates, the world's largest hedge fund. AdvertisementAnd while I definitely see parallels between my time at Bridgewater and that "Black Mirror" episode, I look back fondly on my time there. AdvertisementAuthenticity is a big thing at Bridgewater, so I went into the interview wanting to be completely myself. I worked on a lot of diversity initiatives, figuring out how to make Bridgewater more streamlined and accessible to employees. It helped shape who I am today, especially how I think about feedback, work, and the relationships I have at work.

Persons: Daria Rose, Ray, , I've, Ray Dalio, would've, She'd, Myers, —, we'd, I'd, It's, Dalio, it's, it'd, Ray Dalio isn't, We'd, Jane Zhang Organizations: Bridgewater Associates, Business, Harvard University, Bridgewater, Harvard, Briggs Locations: Ray Dalio's, Bridgewater, Westport , Connecticut, janezhang@businessinsider.com

☆ Opinion | How to Deal With the National Trauma of Jan. 6
▼ + stars: | 2024-06-23 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “In Search of the Lost Altar of Oblivion,” by Linda Kinstler (Opinion guest essay, June 16), about how America is still processing the events of Jan. 6 and other traumas:Like Dr. Kinstler, I too have been unable to find any surviving trace of an “altar of oblivion” at the Acropolis in Athens. Perhaps the plain answer is that there never was one. After all, the ancient Athenians were far too smart to erect an architectural contradiction in terms — a memorial to the very act of forgetting. But forgetting is what oblivion is all about, and oblivion — not for themselves but for inconvenient truths — is what careerist politicians then and now have always craved, eager as they are to sweep embarrassing facts under history’s carpet. Remembering the Jan. 6 insurrection in all its ugliness, not forgetting it and naïvely moving on, is precisely what America needs if we are to preserve a democracy worth saving.

Persons: Linda Kinstler, Kinstler, —, Socrates, didn’t Locations: America, Athens

☆ Home prices are surging the fastest in these 19 US cities — rising more than 10% over the last 12 months
▼ + stars: | 2024-06-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

It's a difficult housing market for new homebuyers, as prices continuing increasing. We've listed below the 19 cities where home prices have risen the most, increasing 10% or more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInflation might have come down, but the housing market is one area where prices are still rising, according to a recent analysis by financial education site SmartAsset. Nineteen of these cities saw price increases of 10% or greater, which we've compiled below.

Persons: SmartAsset, —, we've Organizations: Service, Business

☆ Here's the '800-pound gorilla' that has a top global strategist at Wells Fargo worried about a major market pullback — and 5 investments that can survive as AI hype goes overboard
▼ + stars: | 2024-06-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Scott Wren, a senior global market strategist at Wells Fargo Investment Institute, recently noted that market breadth is abnormally narrow. He found that the five best performers in the S&P 500 accounted for nearly three-fifths of its exceptional 10.6% year-to-date gain through May 31. That fate will soon apply to the S&P 500, Wren warned. Such a sell-off would take the S&P 500 below 5,000 for the first time since April. "And it's tough to be patient when the S&P 500 set a bunch of all-time high records."

Persons: —, Scott Wren, Wren, Steve Sosnick, Sosnick, who's, it's, we've, they've, they're, we're, Goldman Sachs, There's, He's Organizations: Service, Wells, Wells Fargo Investment Institute, Business, Interactive Brokers, Wells Fargo Investment, Nvidia, Investors Locations: Wells Fargo

☆ I rode the Jitney bus from NYC to the Hamptons for $41. The bathroom didn't have a sink, but I was pleasantly surprised by the quality of my trip.
▼ + stars: | 2024-06-23 | by ( Elizabeth Blasi | ) www.businessinsider.com time to read: +1 min

I took the Jitney coach bus from New York City to the Hamptons for $41. It was a pretty standard coach bus, and the bathroom wasn't great, but it was calm and quiet. I appreciated the charging outlets at each seat and the bus attendant who handed out snacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Instead, I researched the cheapest ways to get to the summer hot spot from New York City and found seats on a Jitney coach bus for under $50.

Persons: —, they're Organizations: Hamptons, Service, Business Locations: New York City, Long

☆ Insider Today: CEOs in Training
▼ + stars: | 2024-06-23 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

But first: On the ground at Cannes Lions, aka summer camp for the ad industry. The promenade at the Cannes Lions festival in 2023. Tristan FewingsThis week's dispatchThe biggest names in marketing made for the south of France last week for the annual Cannes Lions festival. Meet Business Insider's most innovative CMOs of 2024. The program places MBAs in leadership positions at companies within just a few weeks, and promises to turn them into CEOs in a few years.

Persons: —, Goldman Sachs, Tristan Fewings, Lara O'Reilly, Julia Hood, Megan Rapinoe, Sue Bird, I'm, Jason, Travis Kelce, Taylor Swift, Jimmy Simpson, Jenny Chang, Rodriguez, It's, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Sieg, Jeff Bezos, Paul Souders, Devon Price Organizations: Service, Business, Cannes Lions, Yahoo, Spotify, Sport, BI, Amazon Locations: France, Sport Beach, Seattle , Washington

☆ I went to Cracker Barrel and saw why the restaurant chain is 'not as relevant' as it once was
▼ + stars: | 2024-06-23 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Cracker Barrel's CEO recently said that the chain is "not as relevant" as it used to be. The restaurant chain is well-known for its vintage decorations and store full of kitsch. I went to a Cracker Barrel outside of Washington, DC, to see what's going on. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: —, that's, hasn't, We're, Julie Masino Organizations: Service, Business Locations: Washington

☆ The No. 1 'counterintuitive' piece of advice for job seekers in today's market, says career coach
▼ + stars: | 2024-06-23 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Some of the job seekers she works with have been looking for new work for over a year, if not longer, she tells CNBC Make It: "The job market is ridiculous." By the numbers, the U.S. labor market is strong on paper with low unemployment and high job openings. To those on the job market, Doe has one big piece of advice: It "might be a little counterintuitive, but it's actually to step away from your computer." "You don't have to spend money" to have professionals review your resume, help you practice your networking and interviewing skills, or offer other career advice, Doe says. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Brianna Doe, Doe, it's, who's Organizations: CNBC Locations: U.S

☆ I'm a dietitian. Here are my 11 favorite snacks to get at Trader Joe's.
▼ + stars: | 2024-06-23 | by ( Christine Craven | ) www.businessinsider.com time to read: +1 min

I'm a New York City-based dietitian who shops at Trader Joe's for snacks. I love Trader Joe's papadums crisps and sparkling strawberry juice beverages. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI'm a dietitian based in New York City, and I turn to Trader Joe's when I'm looking to stock up on snacks. Here are some of my favorite snacks at Trader Joe's.

Persons: Joe's, — Organizations: Service Locations: New York City

☆ Some homeowners are doing surprisingly badly, even as their homes grow more valuable than ever
▼ + stars: | 2024-06-23 | by ( Eliza Relman | ) www.businessinsider.com time to read: +1 min

A severe housing shortage has made both buying and renting increasingly unaffordable. Harvard report finds cost-burdened homeowners rose by three million from 2019 to 2022. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A severe shortage of housing, high mortgage interest rates, and strong demand from a growing number of new households have made it increasingly unaffordable to put a roof over your head. The only group that seems to be faring well through this housing crisis are homeowners who locked in low-interest mortgages before rates began soaring two years ago.

Persons: — Organizations: Service, Harvard Joint Center for Housing Studies, Business Locations: Harvard

☆ Donald Trump Doesn’t Have the Support of Corporate America - The New York Times
▼ + stars: | 2024-06-23 | by ( Jeffrey A. Sonnenfeld | ) www.nytimes.com time to read: +1 min

Recent headlines suggest that our nation’s business leaders are embracing the presidential candidate Donald Trump. His campaign would have you believe that our nation’s top chief executives are returning to support Mr. Trump for president, touting declarations of support from some prominent financiers like Steve Schwarzman and David Sacks. Mr. Trump continues to suffer from the lowest level of corporate support in the history of the Republican Party. I know this because I have worked with roughly 1,000 chief executives a year, running a school for them, which I started 35 years ago, and I speak with business leaders almost every day. The reality is that the top corporate leaders working today, like many Americans, aren’t entirely comfortable with either Mr. Trump or President Biden.

Persons: Donald Trump, Trump, Steve Schwarzman, David Sacks, Biden Organizations: Republican Party

☆ The S&P 500 will hit 8,000 by the end of the decade as the bull market continues through the 'roaring 20s,' market vet says
▼ + stars: | 2024-06-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The "Roaring 20s" are back and set take the S&P 500 to new heights, market vet Ed Yardeni says. The Yardeni Research president predicted the benchmark index could hit 8,000 by the end of this decade. AdvertisementThe bull market in stocks is bound to run on until the end of this decade, according to market veteran Ed Yardeni. Then there is the ever-growing investor excitement about the potential of artificial intelligence, which has carried mega-cap tech stocks steadily higher over the last 18 months. "The news just continues to be very exciting about the technology revolution, that's driving, what I think, is the Roaring 2020s," he added.

Persons: Ed Yardeni, —, David Lin, Yardeni, There's Organizations: Yardeni, Service, Atlanta Fed, Nvidia, Oracle

☆ The Costs of Caring for Pets
▼ + stars: | 2024-06-23 | by ( Katie Thomas | ) www.nytimes.com time to read: +1 min

Pets these days are just like us. Their health care is becoming more human, too — for better and for worse. Decades ago, animal care was relatively rudimentary. Veterinarians usually owned their own clinics, and the options to treat a sick or injured pet were limited. For pets and the people who love them, the advances are welcome.

☆ 5 mind-bending buildings from Las Vegas to Dubai that never broke ground — and what stands in their place instead
▼ + stars: | 2024-06-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +1 min

A new book, "The Atlas of Never Built Architecture," explores the world as it could've been. Authors Sam Lubell and Greg Goldin explore never-built designs from over 300 global architects. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.

Persons: could've, Sam Lubell, Greg Goldin, — Organizations: Service, Business Locations: Jakarta's, Los Angeles

☆ Even in bankruptcy, Rudy Giuliani keeps his financial picture hidden. Now he might lose control of it.
▼ + stars: | 2024-06-23 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Read previewWhen Rudy Giuliani filed for bankruptcy late last year, it gave him some room to breathe. They all flowed into a federal bankruptcy court, where creditors could negotiate for whatever funds the aging former New York City mayor had left. But if the judge were to agree with the creditors and appoint a Chapter 11 bankruptcy trustee, Giuliani would lose control of his own financial life. AdvertisementA bankruptcy trustee would control all of Giuliani's assets and would be able to sell his two homes unimpeded. Giuliani's creditors have formed a supergroup to try to dig into his finances.

Persons: —, Rudy Giuliani, Sean H, Lane, Giuliani, hasn't, mismanaging, Eric Snyder, Wilk Auslander, They've, Ruby Freeman, Shaye Moss, Noelle Dunphy, Akin Gump, Freeman, Moss, Joe Biden, didn't, TrustPoint, Smartmatic, Jacquelyn Martin, Donald Trump, Snyder, Maria Ryan, Rudy Giuliani's, Ryan couldn't, Matt Rourke Giuliani, John Catsimatidis, Biden, Barrett Prettyman, Shane Moss, Drew Angerer, isn't Organizations: Service, Systems, Business, New, New York City, Department, Dominion, Giuliani, Trump's Saving America, Rudy's, Towers Foundation, Giuliani Communications, Republican, Trump, AP, WABC, America's, Washington , DC Locations: New York, New York City, Florida, Georgia, Smartmatic, WASHINGTON, DC, Washington ,, Fulton County, Fulton, Arizona

☆ Video shows wounded Palestinian man strapped to Israeli military jeep as IDF says soldiers violated protocol
▼ + stars: | 2024-06-23 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

The Israel Defense Forces strapped a wounded Palestinian man to a jeep during a raid. The UN Special Rapporteur on the occupied Palestinian territories said it was "human shielding in action." AdvertisementThe Israel Defense Forces (IDF) said some of its soldiers violated protocol by strapping a wounded Palestinian man to the front of a military jeep, Reuters reported. "The conduct of the forces in the video of the incident does not conform to the values of the IDF. AdvertisementFrancesca Albanese, the United Nations Special Rapporteur on the occupied Palestinian territories, said the incident was "human shielding in action."

Persons: —, strapping, Francesca Albanese, Israel's Organizations: Israel Defense Forces, IDF, UN, Service, Reuters, Palestine Red Crescent Society, Business, Crescent, West, United Nations, UN Office, Humanitarian Affairs, West Bank, Health Ministry Locations: Palestine, Jenin, West Bank, Wadi Burqin, Israel, Gaza

☆ A US Navy aircraft carrier has arrived in South Korea just days after Russia and North Korea signed a defense pact
▼ + stars: | 2024-06-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

A US aircraft carrier has arrived in South Korea for military exercises. Its arrival comes days after Russia and North Korea agreed to an unprecedented defense pact. The carrier group sends a message to Russia and North Korea and projects US power in the region. AdvertisementA US Navy aircraft carrier has arrived in South Korea at an opportune moment. The South Korean Navy said the nuclear-powered carrier "demonstrates the strong combined defense posture of the South Korea-US alliance and their firm resolve to respond to the escalating threats from North Korea."

Persons: —, Theodore Roosevelt Carrier, Vladimir Putin, Kim Jong Organizations: US, Service, US Navy, Theodore Roosevelt Carrier Strike Group, North, South Korean Navy Locations: South Korea, Russia, North Korea, Busan, Pyongyang

☆ I hung out with a humanoid robot. She seemed flattered and eager to please.
▼ + stars: | 2024-06-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewInterest in humanoid robots has surged in Silicon Valley this year, with one Nvidia research manager even declaring 2024 as the year of the humanoid. Goldman Sachs has estimated that the global market for humanoid robots could reach $38 billion by 2035, although it notes that "the viability of such machines hasn't been proven yet." AdvertisementThe company's headquarters are in the town of Falmouth, Cornwall, but it also has offices in Silicon Valley and London. So while investors seem confident that humanoid robots have a big future, significant challenges remain before that vision has a chance of becoming reality.

Persons: —, Tesla, Goldman Sachs, Ameca, Will Jackson, Jackson, doesn't Organizations: Service, Microsoft, Nvidia, Business, Arts, Ameca Locations: Silicon, Falmouth, Cornwall, Silicon Valley, London, Las Vegas

☆ LinkedIn cofounder Reid Hoffman takes aim at venture capitalist David Sacks for his support of Donald Trump
▼ + stars: | 2024-06-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Read previewLinkedIn cofounder Reid Hoffman had some choice words for venture capitalist David Sacks after he endorsed Donald Trump earlier this month. "Sadly, rather than originality, Sacks' letter awkwardly regurgitates pro-Trump groupthink." "The voters have experienced four years of President Trump and four years of President Biden," Sacks wrote in his letter. With respect to economic policy, foreign policy, border policy, and legal fairness, Trump performed better. Sacks' support for Trump — and Hoffman's vocal condemnation for it — comes as a growing faction of Silicon Valley elites have voiced their support for the former president post-conviction.

Persons: —, Reid Hoffman, David Sacks, Donald Trump, Sacks, Joe Biden's, Biden, Hoffman, Trump, Sacks hasn't Organizations: Service, Business, Trump, Putin, Silicon, Republican

☆ I took a plane and a train on the 330-mile London to Edinburgh route. The race was closer than you might expect.
▼ + stars: | 2024-06-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

The 332 miles between London and Edinburgh takes a similar amount of time by plane or train. I took both modes of transport and timed how long it took from the center of each city. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe 332 miles between London and Edinburgh show a particularly narrow difference when traveling via train or plane. I grew up near London, and because my dad is from Edinburgh, we visited the Scottish capital every summer.

Persons: —, there's Organizations: Edinburgh, Service, Scottish, Business Locations: London, Edinburgh

☆ Trump says he proposed a 'migrant league of fighters' to UFC head Dana White: 'It's not the worst idea I've ever had'
▼ + stars: | 2024-06-23 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Donald Trump said he proposed a "migrant league of fighters" to UFC president Dana White. Trump shared his idea at the Faith and Freedom Coalition's conference in Washington. "It was a joke," Dana White said. AdvertisementDonald Trump told an audience on Saturday that he had pitched a "migrant league of fighters" to the head of the Ultimate Fighting Championship (UFC), Dana White. "Did anyone ever hear of Dana White?"

Persons: Donald Trump, Dana White, Trump, — Organizations: UFC, Service, Business Locations: Washington

☆ I don't let anyone load the dishwasher. I'm very strategic about it, and it has lasted us 19 years.
▼ + stars: | 2024-06-23 | by ( Jennifer Cannon | ) www.businessinsider.com time to read: +4 min

If dishwasher loading were an Olympic sport, I'd be on my way to Paris this summer. We've had our dishwasher for almost 2 decadesThis year will mark my family's 19th year in our New Jersey home. There's no scraping and then depositing directly into the dishwasher with spaghetti sauce or other stray blobs of food over here. This is where Olympic competitors in my imaginary dishwasher loading event will put their spatial awareness skills to the ultimate test. AdvertisementWith regard to the now viral meme which likens partners in dishwasher loading to either a Scandinavian architect or a raccoon on meth, I am, literally, the Scandinavian minus the degree in architecture.

Persons: We've, ol, it's, today's, I've Organizations: Service, Olympic, Maytag, today's Locations: Paris, New Jersey, Scandinavian

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