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In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a middle-class lifestyle . The big storyMiddle-class meltdownMichael Raines"Lately, I'm getting the feeling that I came in at the end. AdvertisementBusiness Insider's Jennifer Sor has a report on the people making over six figures who think the middle-class lifestyle they dreamed of isn't realistic for their salary . AdvertisementMarco Bottigelli/Getty, Yevgen Romanenko/Getty, Maskot/Getty, Tyler Le/BILet's address the elephant in the room: A six-figure salary is still a lot of money. Words like "AI Infrastructure" and "generative AI" point to more money heading to Nvidia for its popular H100 GPU chip.
Persons: , Michael Raines, I'm, It's, Tony Soprano bemoaned, Jennifer Sor, Vincent, it's, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Jenny Chang, Rodriguez, Warren Buffett, Buffett, Shruti Gandhi, Dalton Caldwell, James Cham, Hemant Taneja, Jenny Lefcourt, Nick Little, Sam Altman, Alice Zhang, Serena Williams, Jack Dorsey, Dorsey, — Dorsey, Bluesky, Alyssa Powell, Katie Notopoulos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Pew Research Center, nab, Adobe, Wall, Hamptons, Nvidia, Genomics, Serena Ventures, Fortune, Starbucks Locations: New York, Zillow, Santa Barbara , California, Berkshire, Bluesky, London, Chicago
NEW LOOK 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 . On the agenda:But first: Why Wall Street is so happy to see the job market slowing down. New data from Vanguard shows a two-tier job market: one divided between a blue-collar boom and a white-collar recession. Also read:AdvertisementiStock; Rebecca Zisser/BIThe portfolio-manager whisperersThe new power figures in hedge funds do not manage money.
Persons: , it's, Brian Rose, It's, Christie Hemm, Jan Sramek, Goldman Sachs, Reid Hoffman, Marc Andreessen, Alyssa Powell, Stefano Spicca, Jenny Chang, Rodriguez, Rebecca Zisser, whisperers, Gates Organizations: Business, Service, Federal Reserve, Fed, UBS Global Wealth Management, Big, Silicon, California, Vanguard, Microsoft, Big Tech Locations: Austrian, Solano County, Napa, Sacramento, California, Silicon Valley, New York City
Magnus Bormark, a longtime rock guitarist in Norway, said his band had gotten used to releasing music with little publicity. So nothing prepared him for the onslaught of attention since the band, Gåte, was selected to represent Norway at this year’s Eurovision Song Contest. The phones have not stopped ringing, Bormark said — not just with calls from reporters from mainstream media outlets, but also from the independent bloggers, YouTubers and podcast hosts who provide Eurovision superfans with nonstop coverage of Eurovision gossip, backstage drama and news about the contest. Casual Eurovision observers may tune in once a year to watch the competition, in which acts representing 37 countries compete in the world’s most watched cultural event. But for true fans, Eurovision is a year-round celebration of pop music, and since the winner is decided by viewer votes as well as juries of music industry professionals, fan media hype can help boost those artists’ profiles.
Persons: Magnus Bormark, Bormark, Organizations: Eurovision Locations: Norway
We're entering advertising's new era
  + stars: | 2024-05-02 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
NEW LOOK 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 . In today's big story, we're looking at the biggest topic at this year's TV upfronts , and how it's a sign of advertising's new era. What's on deck:Markets: Morgan Stanley's new wealth boss outlines the bank's playbook for hitting $10 trillion in client assets. Andy Kiersz/Business InsiderYou might be wondering what retail data has to do with television advertising.
Persons: , Morgan, Don Draper's, Burton, Jenny Chang, Rodriguez, Business Insider's Lara O'Reilly, Lucia Moses, Andy Kiersz, Andy Jassy, hasn't, Finn, Morgan Stanley, Michael M, Tyler Le, Jed Finn, Andy Saperstein, there's, Joseph Stiglitz, Jerome Powell, Justin Sullivan, Wells Fargo, Kevin Scott, Satya Nadella, Bill Gates, Pablo Declan, Shari Redstone's, tanked, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Tech, Wall, Getty, Google, Amazon, Disney, Kroger, Walmart, Big Tech, US Department of Labor, Apple, Department, Paramount, Trump Media Locations: China, OpenAI, New York, London
Florida’s Abortion Ban Will Reach Well Beyond FloridaAugust 2021 Miles to nearest clinic offering abortions after 6 weeks 50 150 250 350 450 Source: Caitlin Myers, Middlebury College As of Wednesday, Florida has banned abortion after six weeks of pregnancy. Florida, North Carolina and Virginia were the only states in the South offering abortion after six weeks of pregnancy. Women in several states will need to travel hundreds of miles farther to reach a clinic. Florida’s new ban could change that, researchers said — an illustration of how regional abortion access has become. If the amendment earns the support of 60 percent of voters, it will reverse the ban and protect abortion rights until about 24 weeks.
Persons: Miles, Caitlin Myers, Roe, Wade, , Jenny Black, , , Andrew Shirvell, Ron DeSantis, Professor Myers, Dobbs, Stephanie Loraine Piñeiro, Myers’s, Myers Organizations: Middlebury College, Planned, Eastern Seaboard, Guttmacher Institute, Jackson, Health, Florida Voice, Gov, Republican, Florida Access, Florida Supreme, Food and Drug Administration Locations: Florida, South . Florida , North Carolina, Virginia, North Carolina, South Carolina, West Virginia, ” Florida, California, New York, Illinois, Dobbs v, Miami, Charlotte, N.C, Washington, Alabama, Georgia, Louisiana, Mississippi, Alabama , Arkansas, Louisiana , Mississippi , Oklahoma , Tennessee , Texas
Amanda Randles creates virtual simulations that incorporate data from patients' wearable devices. To that end, Randles, a professor of biomedical sciences at Duke University's Pratt School of Engineering, spends her time building some of those virtual simulations. Tracking cancer cellsWhen cancer cells circulate through the bloodstream, they can sometimes acclimate in a different part of the body and form new tumors, which is known as metastasis. In her simulations, Randles changes different parameters, like how the size of the cell's nucleus affects its movement. Advertisement"What is it about the cancer cells that are making them more likely to go to the brain or to the breast," she said.
Persons: Amanda Randles, , Randles, Salil Parekh, It's Organizations: Duke University, Computing, Service, Business, Duke University's Pratt School of Engineering, Association for Computing, Infosys, Apple Watch
The Great Green Wall is a project to restore degraded land in nearly two dozen African countries. The $36-billion-plus project aims to generate 10 million jobs and sequester tons of carbon by 2030. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver the past several decades, deforestation, agricultural expansion, and drought have all contributed to desertification in parts of the African continent. The goals of the 17-year-old Great Green Wall project — estimated to cost between $36 to 49 billion — also include generating 10 million jobs and sequestering 250 million tons of carbon by 2030.
Persons: Organizations: Service Locations: California, Senegal, Djibouti
Two men in their 30s were charged on Tuesday in connection with the chopping down last year of the 200-year-old Sycamore Gap tree, which stood in a dip along Hadrian’s Wall in northern England. The beloved sycamore’s mysterious felling, which took place on a stormy September night, led to an outpouring of sorrow, anger and confusion at the senselessness of the act: Why would anyone cut down one of Britain’s most iconic trees? Two men, Daniel Graham, 38, and Adam Carruthers, 31, from Cumbria, England, were charged with damaging both the tree and part of Hadrian’s Wall, a UNESCO World Heritage Site, according to the local Northumbria Police. Hadrian’s Wall, about 100 miles southeast of Edinburgh and near England’s border with Scotland, was built by the Roman Army after the emperor Hadrian’s visit to Britain in A.D. 122. “We recognize the strength of feeling in the local community and further afield the felling has caused, however we would remind people to avoid speculation, including online, which could impact the ongoing case,” Detective Chief Inspector Rebecca Fenney, the senior office on the case, said in a statement on Tuesday.
Persons: Daniel Graham, Adam Carruthers, Hadrian’s, , Rebecca Fenney Organizations: UNESCO, Heritage, Northumbria Police, Roman Army Locations: England, Cumbria, Northumbria, Edinburgh, England’s, Scotland, Britain
Insider Today: LinkedIn ghostwriter boom
  + stars: | 2024-04-28 | by ( Matt Turner | ) www.businessinsider.com   time to read: +4 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Meta CEO Mark Zuckerberg BIThis week's dispatchBig Tech takeawaysTesla, Meta, Microsoft, and Alphabet reported earnings last week. Microsoft: AI spend was also the name of the game at Microsoft. Alphabet also issued a $0.20 per share dividend — its first ever — joining its Big Tech peers like Microsoft, Apple, and Meta, in the dividend club. drbimages/Getty, LinkedIn, Tyler Le/BILinkedIn ghostwriting is boomingLinkedIn influencers are becoming more popular, with some amassing followings of millions of people.
Persons: , Herman Miller Eames, Mark Zuckerberg, Tesla, Meta didn't, Kevin C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Dominic Bugatto, Dani Widell, Hokyoung Kim, Tyler Le, Samu Hällfors Organizations: Service, Business, Big Tech, Meta, Microsoft, Apple, The, Airbnb, LinkedIn
Insider Today: 'Stopover' travel hack
  + stars: | 2024-04-27 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. One 38-year-old woman told Business Insider that instead of skipping treats, she lost 140 pounds in two years by eating more high-protein foods. On the agenda:This story is available exclusively to Business Insider subscribers. "We're Here": In this wholesome Max series, famous drag queens travel to small-town America where they give out makeovers. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.
Persons: , Anneta, Jeff Bezos, Eduardo Parra, Nick Goldson, Tyler Le, she's, Jenny Chang, Rodriguez, Brad Gilbert, Zendaya, Megan Tjelle, Tjelle, messier, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Washington Post, Allen & Company Sun Valley Conference, That's, Soho House, Madrid Airport, Europa Press, Getty, Warner Bros, Hulu, Netflix Locations: Hailey , Idaho, Cecconi's, West Hollywood, Madrid, Chicago, Chilean, America, New York
Scientists have been extracting huge fossils from the La Brea tar pits since 1913. The tar pits have preserved an entire ecosystem, from mammoths to pollen. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Since 1913, scientists have been pulling bones and other fossils out of the La Brea tar pits. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business Locations: Los Angeles
Jenny Erpenbeck, now 57, was 22 in 1989, when the Berlin Wall cracked by accident, then collapsed. She was having a “girls’ evening out,” she said, so she had no idea what had happened until the next morning. The country she knew, the German Democratic Republic, or East Germany, remains a crucial setting for most of her striking, precise fiction. It is now on the shortlist for the International Booker Prize and considered a favorite to win the award late next month. In 2017, James Wood, The New Yorker’s book critic, called “Go, Went, Gone” underappreciated and predicted that Ms. Erpenbeck would win the Nobel Prize “in a few years.”
Persons: Jenny Erpenbeck, , , International Booker, James Wood, Erpenbeck Organizations: German Democratic, International, International Booker Prize, East Locations: German Democratic Republic, East Germany, Soviet, East German, Germany
NEW LOOK 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 . In today's big story, we're looking at how the latest GDP data has shifted the expectations of where the economy is headed. Now, the economy will need some type of event (see: bubble popping) for rate cuts to become an option anytime soon, Miskin said. Energy price shocks could bring the world economy to a "vulnerable moment," chief economist Indermit Gill warned.
Persons: , TikTok, they're, you'd, Jia Feng, It'll, Insider's Madison Hoff, It's, Jerome Powell, Anna Moneymaker, BI's Filip De Mott, Jamie Dimon, Matt Miskin, Miskin, Mark Zuckerberg, C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Guess what's, Indermit Gill, Alphabet's, Redmond, Tyler Le, Doug McMillon, execs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Reserve, stagflation, JPMorgan, Wall Street, John Hancock Investment Management, Galatioto Sports Partners, Bank, Google, Big Tech, Microsoft, Health, Linkedin, YouTube, ExxonMobil Locations: Chevron, New York, London
Weinstein’s Conviction Is Overturned: 5 Takeaways
  + stars: | 2024-04-25 | by ( Maria Cramer | ) www.nytimes.com   time to read: +1 min
In a 4-to-3 decision on Thursday, New York’s highest court overturned Harvey Weinstein’s 2020 conviction on felony sex crime charges, a reversal that horrified and dismayed many of the women whose decision to speak out against Mr. Weinstein, a prominent Hollywood producer, accelerated the #MeToo movement. The New York Court of Appeals agreed with Mr. Weinstein’s defense team that the trial judge who presided over the sex crimes case in Manhattan, Justice James Burke, made a critical error when he let prosecutors call as witnesses several women who testified that Mr. Weinstein had assaulted them, even though none of those allegations had led to charges. The women became known as Molineux witnesses, a term that refers to trial witnesses who are allowed to testify about criminal acts that the defendant has not been charged with committing. In writing for the majority, Judge Jenny Rivera said permitting such testimony in Mr. Weinstein’s case had served to wrongly “diminish defendant’s character before the jury.”
Persons: Harvey Weinstein’s, Weinstein, James Burke, Jenny Rivera, Weinstein’s, Organizations: New, Mr Locations: Hollywood, New York, Manhattan, Molineux
CNN —The New York Court of Appeals on Thursday overturned the sex crimes conviction against Harvey Weinstein, the powerful Hollywood producer whose downfall stood as a symbol of the #MeToo movement. Douglas H. Wigdor, an attorney who has represented eight of Weinstein’s accusers, including two of the “prior bad acts” witnesses at his New York criminal trial, criticized the ruling. In addition, three other women testified during the trial as “prior bad acts” witnesses as prosecutors sought to show Weinstein had a pattern of abuse. The use of “prior bad acts” witnesses has increased in recent years with the rise of the #MeToo movement. “Prior bad acts” evidence is one exception to this rule.
Persons: Harvey Weinstein, , uncharged, Jenny Rivera, ” Weinstein, Weinstein, ” Donna Rotunno, , Emily Tuttle, Douglas H, Weinstein’s, MeToo, Bill Cosby, Miriam Haley, Jessica Mann, Haley, Mann Organizations: CNN, The New, Hollywood, Correctional Facility, of Corrections, Attorney’s, Manhattan, The New York Times, Yorker Locations: The New York, Rome , New York, Los Angeles, New York, Manhattan, York, Hollywood, Love, Pennsylvania
She considers herself a dividend income investor, looking for names that provide a healthy payout for her clients. Her portfolio typically generates a 5% dividend yield or better. Honeywell has a 6% five-year annual dividend growth rate, he said. Lastly, CME Group not only has a 2.2% dividend yield, it tends to pay a special dividend once a year that's posted strong growth, he said. CME has five-year annual dividend growth of 15%, and a flawless balance sheet, he said.
Persons: Jenny Harrington, Kevin Simpson, Harrington, Simpson, Stocks, Kinder Morgan, Richard Kinder Organizations: Asset Management, Wealth, Merck, Verizon, SEC, Companies, Honeywell International, CME Group, Honeywell, Boeing, Group Locations: United States
AdvertisementEvans designed her facials business, Saving Faces, to be a calming retreat for her clients. Stella Kalinina for BIBecoming an esthetician set me on a journey to heal myself from the inside out. Stella Kalinina for BIWhen I started my healing journey, I became most connected to my hands. Stella Kalinina for BIFor wellness practices, I started to look at the world around me and find solutions in nature. Stella Kalinina for BIOne of my goals is to pass what I have learned on to my kids.
Persons: , Jenny Evans, It's, facials, couldn't, Evans, Stella Kalinina, BeautyGrass, Evans handmakes, skincare, I've, I'm Organizations: Service, Business, BI Locations: Los Angeles, Santa Cruz
The 339-mile CHPE transmission line aims to provide hydropower to a million New York City homes. According to EPA data, carbon emissions in the New York City area rose by about 20% between 2019 and 2022. Gas-fired power plants contribute to poor air quality, which can lead to health problems like asthma. The asthma rate for children in New York City, especially in poorer neighborhoods, is one of the highest in the country. New York has six years to achieve its goal of powering 70 percent of its grid with renewable energy.
Persons: It's, CHPE, Donald Jessome, Vural, Ryan Calder, Calder, Methylmercury, Jessome Organizations: Infrastructure, Service, Champlain Hudson Power Express, Transmission Developers, New, Anadolu Agency, Getty, Virginia Tech, Hydro, Department of Energy, Queens, Sierra Club, Center for Biological Diversity, Blackstone, CHPE Locations: York City, Canada, New York, New York City, Ravenswood, Astoria, Albany, there's, Poughkeepsie, Queens , New York, Calder, Lake Champlain, Hudson, York
AdvertisementThe majority of so-called "peak boomers" have $250,000 or less in assets , according to a recent report, write Juliana Kaplan and Ayelet Sheffey. If you're a bit surprised by the dire economic situation of peak boomers, I wouldn't blame you. Older boomers had the benefit of employer-subsidized retirement plans before a shift in the workforce left younger boomers to fend for themselves. Alistair Berg/Getty ImagesPeak boomers' retirement struggles might end up being a wake-up call for younger generations. There will be plenty of lessons learned from peak boomers entering retirement without the safety net of a pension.
Persons: , blowup Jacob Wackerhausen, Jenny Chang, Rodriguez, Juliana Kaplan, Ayelet Sheffey, that's, we've, boomers, Alistair Berg, Xers, Gen Zers, Bryan Erickson, Jane Street, Chowdhury, Elon Musk, they'd, Tesla, Tony Stubblebine, Nick Little, Dani Widell, BI's Emily Stewart, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Social Security, Security, Google, Wall Street, JPMorgan, Detroit Police Department, Tesla, BI, Verizon Locations: Covid, China, Europe, Airbnb ., America, New York, London, Chicago
The revelation that 23 Chinese swimmers tested positive for a banned drug seven months before the Tokyo Olympics but were secretly cleared and allowed to continue competing has exposed a bitter and at times deeply personal rift inside the sport, and brought new criticism of the global authority that oversees drug-testing. An American Olympian who took home a silver medal from Tokyo said she felt her team had been “cheated” in a race won by China. A British gold medalist called for a lifetime ban for the swimmers involved. The sports minister in Germany, where a documentary on the case was broadcast Sunday, demanded an investigation. And a simmering feud between officials at the World Anti-Doping Agency, the global regulator known as WADA, and their U.S. counterparts burst into the open in a flurry of caustic statements and legal threats.
Persons: , , WADA Organizations: New York Times, Tokyo Games, China, Doping Agency Locations: Tokyo, China, American, British, Germany
The scientists conducted over 600 experiments on themselves, breathing CO2, oxygen, and more gases. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Hulton-Deutsch Collection/CORBIS/Corbis via Getty ImagesThe seizures were bad enough in a dry hyperbaric chamber, but one of the researchers nearly drowned breathing oxygen while submerged in water. AdvertisementOne of the British X-Craft submarines that required special calculations about how long it could be under the water without resurfacing for fresh air. Their dangerous experiments not only contributed to the D-Day invasion, but also contributed to the science behind modern-day scuba diving.
Persons: , Rachel Lance, Bettmann, John Burdon Sanderson Haldane, Haldane, Thetis, John Haldane, Hulton, Martin Case Organizations: British Admiralty, Service, Channel, British Army, intel, Royal Navy, British Royal Navy, Getty, University College London, Deutsch Locations: Normandy
This side hustle saw me through the next five years while I completed my Ph.D. When I started, I didn't know much about running a business, but today, I have five income streams. I bring in $142,000 a month from the Amazon business alone. Don't overcomplicate your productWhen I started my side hustle, I had major imposter syndrome. So before you begin any side hustle, ask yourself two key questions: What is the fundamental need that my product or service fulfills?
Persons: I've, hustlers Organizations: University of California Locations: University of California Irvine
Kolossal hopes to film a colossal squid in its natural habitat, the waters around Antarctica. The scientists were searching for the colossal squid, an evasive cephalopod that can weigh 1,100 pounds. The enigmatic colossal squidMeasuring about 46 feet with its tentacles spread out, the colossal squid is nevertheless hard to spot. Advertisement"We're not claiming this is the colossal squid, but it's also not not a colossal squid," Mulrennan said of footage of a translucent squid that the camera filmed. Kolossal/MulrennanBased on assessments of experts who have seen the footage, it's impossible to tell whether the animal is a young colossal squid or a full-grown glass squid.
Persons: Kolossal, , Matthew Mulrennan, Mulrennan, Kat Bolstad, Myrah Graham, Graham, Mulrennan wasn't, Matt Mulrennan, it's, they're, Jennifer Herbig, Mulrennan Mulrennan Organizations: Service, Juvenile, University's Marine Institute, University of Auckland, Endeavour, Intrepid, Endeavor, Marine Locations: Antarctica, icefish, Paradise Harbour
The thought of round-the-clock "togetherness" — with friends, family or strangers bound together in a tour group — can be overwhelming to the estimated 57% of people who lean toward introversion. Dori Nix, a marketing and communications director for the Colorado-based women-led tour company Adventures in Good Company, also recommends staying alone, even if means paying a single supplement. 2: Don't get trapped by talkersIn Psychology Today, author Sophia Dembling cautions introverts to research group trips well. "As an introvert, I definitely need small groups," she said. "As an introvert, I definitely need small groups.
Persons: introverts, Jenny Olsen, Olsen, Dori Nix, Sophia Dembling, John Hackston, The Myers, Carl Jung, Hackston, Kelly Kimple, Patty Civalleri, Jonathan Feniak, Myers, Briggs Company's Hackston Organizations: Company, talkers, The, Briggs Company, CNBC, CNBC Travel, Good Locations: Los Angeles, Colorado, Europe, Swiss, Mazatlán, Mexico, New Hampshire, Rocky
Job applicants can undersell themselves with tired tropes in their résumé. NEW LOOK 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 . AdvertisementYour résumé and cover letter are a hiring manager's first impression of whether your skills and experience match the job you want. This story is available exclusively to Business Insider subscribers.
Persons: Jenny Foss, they've, , manager's Organizations: Service, Business
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