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☆ AC Milan: How this soccer team became a style success story
▼ + stars: | 2024-03-05 | by ( Daniel-Yaw Miller | ) edition.cnn.com time to read: +4 min

The Pleasures tie-up may have been a surprise to traditional soccer fans, but it was by no means an accident. AC Milan has pursued a number of partnerships — including tapping Off-White as its official “style and culture curator” — since its $1.2 billion acquisition by US investment firm RedBird Capital Partners in August 2022. AC Milan’s infiltration of fashion has gone further than any soccer team before, even France’s Paris Saint-Germain (PSG), which not so long ago was the favored sports collaborator of brands like Dior, Stüssy and Jordan. This gray varsity with Off White and AC Milan branding is sold out. Courtesy AC MilanUnlike PSG, AC Milan does not have the same kind of international stardom in its squad that automatically comes with cultural caché.

Persons: Kylie Jenner, Ib Kamara, ”, Germain, Stüssy, Lionel Messi, Neymar Jr, Kylian, Lauren Cochrane, “ It’s Organizations: The, Fashion, CNN, Milan, Napoli, Milanese, Los, Vogue Italia, RedBird Capital Partners, Saint, PSG, Dior, White, Milan AC Milan’s, Puma, Guardian Locations: Los Angeles, thoughtfully, Jordan, Italy

☆ A Gen Zer ditched NYC for Milan. She loves that Italian bosses don't care how much vacation you take — and that a glass of wine costs $4
▼ + stars: | 2024-03-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +8 min

You're going to go on these trips. You're going to enjoy them, you're going to go on the school ones, you're going to go on the vacation ones.'" Milan may be fast-paced by Italian standards, but it's much slower than NYCAccording to Monto, Milan is considered Italy's "hectic" city. Milan, Italy. "It seemed like my generation and, honestly, maybe even some of the millennials, are more awakened to the idea that not everything has to revolve around work," Monto said.

Persons: —, wasn't, Monto, Alessandro, Numbeo, Italy Monto, didn't, It's, they're, Gary Yeowell, aren't, Zer Organizations: Service, Business, New, Yorker Locations: New York City, San Diego, Italy, New York, Milan, France, Monto, Italian

☆ A grey whale was seen in the Atlantic for one of the only times in the last 200 years. Scientists say it's bad news for the planet.
▼ + stars: | 2024-03-05 | by ( Patrick Whittle | Associated Press | ) www.businessinsider.com time to read: +3 min

Grey whales have been extinct from the Atlantic Ocean since the 18th century. Scientists were thrilled to see the whale, but its presence is probably linked to climate change. Researchers with the New England Aquarium in Boston found the gray whale while flying 30 miles south of Nantucket, Massachusetts, on March 1. Gray whales were almost hunted to extinction during the era of commercial whaling. They also sound very different — while humpback whales are known for their haunting songs, gray whales make gurgles, grunts and croaks.

Persons: Orla O'Brien, O'Brien, Gray Organizations: Service, —, New, Aquarium, Anderson Cabot Center, Ocean, Atlantic, International Union for Conservation of Nature Locations: England, PORTLAND , Maine, Boston, Nantucket , Massachusetts, Atlantic, Florida, Massachusetts, Canada, New England, Asia

☆ Scientists want to build 62-mile-long curtains around the 'doomsday glacier' for a $50 billion Hail Mary to save it
▼ + stars: | 2024-03-05 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +7 min

That's what would happen if the Thwaites glacier, nicknamed the 'doomsday glacier,' collapsed. Icebergs from the Ilulissat (Jakobshavn) Glacier melting in Disko Bay, Ilulissat, Greenland. AdvertisementAlready, the melting Thwaites contributes to 4% of global sea level rise. AdvertisementThe River Cam, where University of Cambridge researchers plan to test their Sea Curtains prototype. AdvertisementA race against timeData shows that the Thwaites glacier, and others like it, are melting at unprecedented rates due to climate change.

Persons: Paul Souders, Thwaites, John Moore, Moore, They're, they've, there's, et Organizations: Service, Business, University of Lapland, University of Cambridge, Climate Locations: New York, Miami, New Orleans, Disko Bay, Ilulissat, Greenland, Cam, Norwegian, Amundsen, New York City, Pine

☆ SpaceX launched a satellite that Google will use to map methane leaks for all to see by the end of this year
▼ + stars: | 2024-03-04 | by ( Ellyn Lapointe | Catherine Boudreau | ) www.businessinsider.com time to read: +1 min

Monday, SpaceX launched a Falcon 9 rocket carrying the Environmental Defense Fund's MethaneSAT satellite. The satellite will track leaking methane, a potent greenhouse gas, from oil and gas companies. Google will use MethaneSAT data combined with AI to map methane leaks worldwide. Called MethaneSAT, the new satellite will track methane leaks from oil and gas companies worldwide. Tracking methane leaks will help identify the most egregious emitters.

Organizations: SpaceX, Environmental Defense, Google, Service, Business

☆ The 3 states where 'Big Short' investor Kyle Bass is buying real estate to capitalize on migration trends
▼ + stars: | 2024-03-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Kyle Bass is investing in Texas, Florida, and Tennessee, he said in a recent interview with the Investor's Podcast Network. These states should benefit from migration to lower-cost states, a trend that's already happening. Bass has been buying rural land to capitalize on demand for environmental credits. By then, the price-per-acre of rural land had appreciated 123% over the decade, the outlet cited. "When I think about gold versus rural land again, I have the population demographic in my tailwind," he said in 2022.

Persons: Kyle Bass, Bass, he's, isn't Bass Organizations: Service, Bloomberg, Hayman Capital, Equity Management Locations: Texas , Florida, Tennessee, Florida , Tennessee, Texas, West Coast, California, New York, China

☆ Satellites burning up in our atmosphere may not be as harmless as first thought
▼ + stars: | 2024-03-02 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +9 min

Satellites and spacecraft burning up in our atmosphere are leaving metal particles in the stratosphere — and scientists are worried it could harm our planet. Stratospheric particles can shape the ozone layerRemember the ozone layer? AdvertisementThat, in turn, can spark a chain reaction that creates rainbow-colored polar stratospheric clouds. Polar stratospheric clouds (PSCs) are seen in the sky over Jukkasjarvi, northern Sweden, on December 17, 2023 in Jukkasjarvi, Sweden. "There's an increasing number of rocket launches for small satellites and tourism, which burn kerosene or other fuels that emissions in the atmosphere.

Persons: Daniel Murphy, that's, Roy Rochlin, Murphy, Thomas Parent, Chelsea Thompson, Martin Chipperfield, Chipperfield, It's Organizations: Service, Business, National Oceanic, Administration Chemical Science, NASA, WB, NOAA, University of Leeds Locations: Montreal, Tonga, Sweden, Jukkasjarvi, Alaska, UK

☆ An Airbnb cofounder's new startup wants to drop factory-made tiny homes into California backyards — see inside its $324,000, two-bedroom unit
▼ + stars: | 2024-03-02 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Samara, cofounded by Airbnb's Joe Gebbia, is selling modular accessory dwelling units. See inside its most expensive unit, a $324,000 two-bedroom tiny home. AdvertisementA new startup wants to drop tiny homes into your backyard. If the name doesn't ring a bell, you might recognize one of its cofounders, Joe Gebbia. Quite the opposite: It's manufacturing factory-built accessory dwelling units (ADUs), or tiny homes, that can be dropped into Californians' backyards.

Persons: Airbnb's Joe Gebbia, —, Oz, Ariana Grande, Ethan Slater, Joe Gebbia, Brian Chesky Organizations: Service, Airbnb Locations: Samara, Mexico, It's California

☆ I left apps like Uber Eats to start my own delivery business. I love connecting with people and not having to rush around
▼ + stars: | 2024-03-02 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

But in January, he started "Tony Delivers" and brings people their food using his own system. Working as "Tony Delivers" has allowed him to interact with more people than on gig apps, he said. Customers order their food from a restaurant for takeout, then text Tony their order for delivery. I was talking with one of my buddies about working for the delivery apps, and he was like "What if you just cut out the middleman?" Often, gig delivery work has no growth.

Persons: Tony Illes, Tony, —, Illes, didn't, I'm, I've, It's, we'll Organizations: Service, Google Locations: Seattle

☆ A frog was found with mushroom sprouting from its side, leaving scientists baffled
▼ + stars: | 2024-03-01 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

A tiny frog baffled scientists by growing a mushroom on its side. Whether the frog continued to live with the mushroom on its side will remain a mystery. Rao's intermediate golden-backed frog is a small frog that is endemic to India. "When I first observed the frog with the mushroom, I was amazed and intrigued by the sight," Lohit told CNN. "To the best of our knowledge, never has a mushroom sprouting from the flank of a live frog been documented," the authors said in their paper.

Persons: Lohit, C Maliye, Matthew Smith, Smith, he'd, Alyssa Wetterau Kaganer, Karthikeyan Vasudevan, Kaganer Organizations: Service, CNN, New York Times, University of Florida, Times, Cornell University College of Veterinary Medicine, Laboratory, Centre, Cellular Locations: India, Telangana

☆ Gardeners are fuming about a study that found produce from urban farms has a high carbon footprint
▼ + stars: | 2024-02-29 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

Fruits and vegetables grown on urban farms have on average six times the carbon footprint of produce from conventional farms, the study, which was published in the peer-reviewed journal Nature Cities , found. Hawes said that produce grown on 17 out of the 73 urban farms his team studied across five countries had lower carbon footprints than produce from conventional farms. Rushdan also argued that urban farms are a much more sustainable use of land than commercial or industrial development. The letter also alluded to the structural problems that can prevent urban farms from being more permanent, including commercial development and barriers to landownership. "Our work does not lessen the many benefits that urban agriculture provides," Hawes said in an email.

Persons: shockwaves, Jason Hawes, Hawes, Rushdan, Detroit's, Benjamin Goldstein, Goldstein, they'd, Monica Fitzgerald Organizations: Service, University of Michigan, Nature, YouTube, Business, University of Michigan School for Environment, Sustainability, Detroit, BI, US Department of Agriculture Locations: Detroit, Philadelphia, Washington, DC, Boulder , Colorado

☆ German chancellor appeared to suggest that British and French soldiers have helped Ukraine fire 'deep-strike' missiles at Russian targets, report says
▼ + stars: | 2024-02-29 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Read previewGerman Chancellor Olaf Scholz has been criticized for a "flagrant abuse of intelligence" after he appeared to suggest British and French soldiers had been helping Ukraine fire missiles they had supplied. "German soldiers must at no point and in no place be linked to targets this system reaches," he added. A German government spokesperson told Business Insider they had no comment on the reports. Thierry Wurtz/MBDAIn May 2023, the UK became the first country to begin sending Ukraine long-range missiles with the delivery of long-range Storm Shadow missiles. According to the Atlantic Council think tank, they enable Ukraine to target ammunition depots and command posts deep inside Russian territory.

Persons: —, Olaf Scholz, Scholz, Ben Wallace, Tobias Ellwood, Thierry Wurtz Organizations: Service, Business, Storm, Associated Press, Telegraph, Former UK, of Commons Defence, British Ministry of Defence, Armed Forces of, Rafale, Atlantic Council, Fleet, BBC Locations: Ukraine, Germany, Britain, France, Europe, Russia, Armed Forces of Ukraine, Sevastopol

☆ Investing in Space: How Columbia's fabric tech landed on the surface of the moon
▼ + stars: | 2024-02-29 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Looking at Intuitive Machines ' Odysseus spacecraft, you may have noticed any one of four fairly visible images: The American flag, NASA logo, Intuitive Machines logo … and a Columbia Sportswear logo. Of course, Columbia wasn't just involved to keep a moon lander comfortable with its jacket liner. "A technology that's good enough to get a lunar spacecraft to the moon, that you can wear in your everyday life? Pioneers in space – I would have never attached that to our company, say, 5 years ago," Boyle added.

Persons: CNBC's Michael Sheetz, Joe Boyle, We've, Boyle, Columbia wasn't Organizations: Columbia, NASA Locations: Columbia

☆ Oprah has left WeightWatchers, sending stocks spiraling and spelling doom for the diet of our foremothers
▼ + stars: | 2024-02-29 | by ( Mia De Graaf | Rachel Hosie | ) www.businessinsider.com time to read: +7 min

Oprah Winfrey will not seek reelection to the board of WW International, known as WeightWatchers. It was a surprising time to jump on board — WeightWatchers had been shedding users, and its stock price was dwindling. AdvertisementDespite not naming the brand, there was an immediate spike in demand for GLP-1 medications — the popular new class of weight-loss drugs. That same day, WW added a weight-loss drug arm to its business, acquiring Sequence, a service that provides weight-loss drugs. AdvertisementLong-term, WW needs to find a new identityOver time, WW will benefit from being a purveyor of hard-to-access weight-loss drugs.

Persons: Oprah Winfrey, —, Oprah giveth, Oprah taketh, maven, Winfrey, — WeightWatchers, Axios, Oprah, Forbes, Craig, Alex Fuhrman, Winfrey's, We're, Atkins Organizations: WW International, Service, SEC, Guardian, People Magazine, MarketWatch, Mayo Clinic, Business, Smithsonian's National Museum of, CNBC, Slate Locations: GLP, WeightWatchers

☆ CNBC Changemakers: Fortune 500 CEOs, Naomi Osaka and Alex Cooper share a success secret
▼ + stars: | 2024-02-28 | by ( Julia Boorstin | ) www.cnbc.com time to read: +5 min

Leading the way are health care, with 22%; tech, with 14%; and consumer products and financial services, tied at 10%. Kate Ryder is closing major gaps in women's and family health care with Maven. Michelle Zatlyn, co-founder and chief operating officer at Cloudflare, is giving companies AI tools to bolster cybersecurity and lower costs for vulnerable, critical infrastructure providers, including schools and local election systems. The Changemakers serve as a reminder that success is a result of leading in ways that are authentic. In the book she explored the concept of "reformers" — women working to fix broken systems.

Persons: Anat Ashkenazi, Eli Lilly, Svanika Balasubramanian, Bobbie, Laura Modi, Baby2Baby, Norah Weinstein, Kelly Sawyer Patricof, Alex Cooper, Tracee Ellis Ross, Naomi Osaka, Balasubramanian, Jessica Chang, Maayan Cohen, Kate Ryder, Maven, Monique Rodriguez, Jessica Berman, Kathy Hannun, Clara Shih, Michelle Zatlyn, Kristin Peck, Julia Boorstin Organizations: CNBC, U.S, RePurpose Global, rePurpose, Women's Soccer League, Dandelion Energy, cybersecurity Locations: Changemakers, Cloudflare

☆ Biden to issue executive order aimed at protecting Americans’ sensitive data from China, other 'hostile countries'
▼ + stars: | 2024-02-28 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden will issue an executive order Wednesday intended to safeguard the personal data of American citizens from countries deemed hostile. The executive order centers on the business of selling people's personal information, in which companies and so-called data brokers collect and trade data. The order focusses on specific, sensitive information like genomic data, biometric data, personal health data, geolocation data, financial data and other kinds of personally identifiable information. The executive order will direct the Department of Justice to issue several regulations intended to protect sensitive data. "American privacy concerns in the data broker industry are not new, and existing laws do not sufficiently protect Americans' data from misuse," the letter said.

Persons: Joe Biden, Kamala Harris, Mitch McConnell, Mike Johnson, Chuck Schumer, Hakeem Jeffries, Biden Organizations: White, Chinese Communist Party, Department of Justice, of Homeland Security, United States Telecommunications Services, U.S, Oracle, Trump, Biden Locations: Washington , DC, U.S, China

☆ Home Equity Loan Alternative Could Revolutionize the Housing Market
▼ + stars: | 2024-02-28 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Like a lot of homeowners, Schummer was keen to convert some of his theoretical wealth into real cash. These kinds of deals, often referred to as home-equity-sharing agreements or home-equity investments, have existed on the fringes of housing finance for decades. The success or failure of home-equity investments could shape the future of homeownership in America. If the home's value has gone up, everyone wins; sell it for a loss, and the investor might share in that downside. "Over time for us, the customer becomes everybody," Eoin Matthews, the chief business officer and a cofounder of Point, told me recently.

Persons: Kennis Schummer, Schummer, Laurie Goodman, Goodman, he'd, Eoin Matthews, —, Hometap, Jim Riccitelli, Riccitelli, Adam Rust, Rust, Rust wasn't, I'm, Jordan Gilberti, Holly Bunting, Mayer Brown, Edwin Remsberg, Matthews, they'd, Jeffrey Glass, Glass, I've, he's Organizations: Consumer, Urban Institute, Federal Reserve, Bain Capital, Palisades Group, Redwood Trust, Getty, Consumer Federation of America Locations: Pensacola , Florida, California, homeownership, America, Connecticut, Maryland, Florida

☆ Top Amazon aggregator Thrasio files for bankruptcy
▼ + stars: | 2024-02-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021. Thrasio, an early leader in aggregating Amazon sellers, filed for Chapter 11 bankruptcy protection in a New Jersey court Wednesday. Thrasio and other Amazon aggregators raised billions of dollars from investors looking to cash in on the third-party seller rollup craze. Aggregators bought up promising products and storefronts on Amazon, to use their data and operational expertise to turbocharge sales. WATCH: What's behind the big hype and billion-dollar aggregator start-ups buying Amazon seller brands

Persons: Prosper, Thrasio, Greg Greeley, Aggregators, Josh Silberstein, Carlos Cashman Organizations: Amazon, fizzle, CNBC Locations: Las Vegas , Nevada, New Jersey, Greeley

☆ This animation shows why leap years are necessary. Without them, December would eventually drift into summer.
▼ + stars: | 2024-02-27 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

Leap Day is February 29. Without leap years, December would drift into summer in 400 years. We get a bonus day on Thursday — Leap Day, February 29 — to keep the seasons in check. O'Donoghue's animation reveals what would happen if we didn't have leap years — after 400 years, our calendar months would drift into new seasons. That extra quarter of a day, of course, adds up to one full day of drift every four years.

Persons: —, James O'Donoghue, O'Donoghue, Shayanne Organizations: Service, NASA, JAXA

☆ Baylor University outperformed the Ivy League to top university endowment performance rankings. Here’s how
▼ + stars: | 2024-02-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Baylor University's $2 billion endowment — a fraction of those in the Ivy League — generated a 6.4% return for the fiscal year that ended June 30, outperforming the entire conference. Morehead joined the university in 2011, and since fiscal 2012, Baylor's endowment has more than doubled. The key to Baylor's endowment success, according to Chief Investment Officer David Morehead, is taking advantage of dislocations in the market. This increase comes as endowment returns have rebounded nationally. Endowment returns were up 7.7% in fiscal 2023, per the latest study by the National Association of College and University Business Officers and Commonfund.

Persons: Morehead, CNBC's, David Morehead, Baylor's annualized Organizations: Baylor University's, Ivy League, Brown University, Wall Street, National Association of College and University Business, CNBC, Nvidia

☆ Baylor University outperformed the Ivy League in university endowment performance rankings. Here’s how
▼ + stars: | 2024-02-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

☆ Family Dollar has agreed to pay $42 million after storing food and medicine in a warehouse with a severe rodent infestation
▼ + stars: | 2024-02-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

AdvertisementUnder the plea agreement, Family Dollar admitted that it had begun receiving more reports of mouse and pest issues with deliveries from the warehouse in August 2020. AdvertisementThe distribution center shipped FDA-regulated products to more than 400 Family Dollar stores, or over 5% of its total store count. On average, the warehouse shipped 1.3 million cases of product worth $32.3 million each month, per the plea agreement. According to the plea agreement, the facility had operated since 1994, making it Family Dollar's second-oldest distribution center. Family Dollar said in October that it planned to open a "best-in-class" distribution center on the same site in West Memphis by fall 2024.

Persons: —, Dollar, Jonathan D, Ross, Rick Dreiling Organizations: Service, US Department of Justice, Business, FDA, DOJ, Federal Food, Consumers, Eastern, of Locations: Arkansas, West Memphis , Arkansas, US, of Arkansas, West Memphis

☆ Unilever and Dell have shut down some sustainability marketing initiatives as big corporations embrace 'green hushing'
▼ + stars: | 2024-02-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Late last month, computing giant Dell cut part of its marketing team that focused on sustainability and other ESG-related marketing roles, Business Insider has learned. This story is available exclusively to Business Insider subscribers. AdvertisementThis is feeding into a growing trend of "green hushing," where companies stop publicizing their sustainability efforts due to concerns around regulatory scrutiny or a consumer backlash, experts say. Other sustainability agencies have been absorbed into wider offerings, R3 EVP of delivery Sarah Tan told Business Insider. Leo Rayman, head of the sustainability consultancy and venture studio Eden Lab, said that the green hushing phenomenon could suggest a sign of maturity in the space.

Persons: we're, Hein Schumacher, hushing, Pimco, , Harriet Kingaby, Sarah Tan, Kingaby, Bud, Bud Light, influencer Dylan Mulvaney, Guy Parker, — that'll, Parker, Leo Rayman, Rayman, Townsend Organizations: Dell, Business, Unilever, JPMorgan, State, ACT Climate Labs, Media, Advertising Network, Brands, Green Guides, Standards Authority, ASA, BMW, Shell, Etihad Airways, Competition, Markets Authority, Eden, Sustainability

☆ Apple reportedly cancels plans to build a car
▼ + stars: | 2024-02-27 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple will wind down its team working on electric cars, called Special Projects Group, according to Bloomberg. The news signals that Apple will cease its secretive effort to build a car to rival Tesla . The program employed thousands of employees but never fit with Apple's core business of electronics and online services, and raised questions about what companies Apple would tap to manufacture a car. Reports of Apple's ambition to build a car first surfaced in 2014 after the company recruited automotive engineers and other talent from car companies. Some Apple employees in the company's car division may move to a generative artificial intelligence team, according to Bloomberg.

Persons: Tim Cook, Tesla Organizations: Apple, Formula One United, Prix Circuit, Bloomberg, San Francisco Bay Area, CNBC PRO Locations: Formula One United States, Americas, Austin , Texas, San Francisco Bay

☆ Homebuyers are flocking to areas most exposed to extreme weather risk and pushing prices higher, JPMorgan says
▼ + stars: | 2024-02-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

But the firm says rising insurance costs could eventually dampen demand. The researchers then gave each county a composite climate risk score, measured against each area's house price index. AdvertisementA positive relationship also emerged between higher climate risk and population growth, indicating that more people were migrating in than leaving these areas. Others may simply have no intent on selling, and consider themselves too old to experience these rising costs. But changes to property insurance may force prospective buyers to give more attention to climate risks, JPMorgan noted.

Persons: Alexander Wise, Jan Loeys, Risks, Redfin Organizations: JPMorgan, Service, Foundation Locations: Florida

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