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☆ Why the Big TV companies aren't 100% completely screwed. Yet.
▼ + stars: | 2024-05-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Big TV used to have a monopoly on our attention — and our wallets. This mirrors the pitch big TV companies are making this week in New York to advertisers. AdvertisementThe Big TV guys are screwed, right? AdvertisementAnd here to make that argument is Nielsen, which has a new way of tracking attention among media companies — including digital upstarts. And in this version, the TV guys are still sticking around.

Persons: aren't, —, They're, Nielsen, It's, it's Organizations: Service, NFL, Business, Netflix, Disney, ABC, ESPN, Hulu, Paramount, CBS, NBC Universal, YouTube, Nielsen Locations: New York

☆ Americans with a college degree say they'd need at least a $100K salary to change jobs. But roles that pay in that range are getting harder to find.
▼ + stars: | 2024-05-14 | by ( Jacob Zinkula | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

As of the most recent March data, the average reservation wage for Americans with a college degree rose to a survey-high of $99,081, up from $97,270 in March 2023 and $81,758 in March 2020. It means that not as many Americans are landing new jobs that pay in the six-figure range. The average reservation wage for people without a degree was $68,390, up from $59,683 in March 2023 and $48,778 in March 2020. The average reservation wage among all respondents was $81,822, up from $75,811 and $61,377 in March 2020. AdvertisementAre you struggling to find a six-figure job?

Persons: —, it's Organizations: Service, York Fed's Survey, Consumer, Business, Bureau of Labor Statistics, of Labor Statistics, New, New York Fed Locations: York, New York

☆ Apple desperately needs its Next Big Thing
▼ + stars: | 2024-05-14 | by ( Paris Marx | ) www.businessinsider.com time to read: +10 min

But after a decade of doing that, iPhone sales are slowing, revenue is down, and the company, again, needs to find its next big thing. Apple's own outlook suggests poor iPhone sales will persist, especially as sales in China rapidly decline. The drawbacks of Cook's divestment from product design and development are now becoming clearer. Both the EU and the US cases would also make some people more likely to switch to a cheaper phone, which would threaten iPhone sales even further. The drawbacks of Cook's divestment from product design and development are now becoming clearer.

Persons: Steve Jobs, Jobs, Apple, Tim Cook, Cook, haven't, Steve, Tripp Mickle, Jony Ive, we've, wouldn't, Let's, aren't, Peter Kafka Organizations: Apple, Apple Watch, IBM, Google, EU, Bloomberg, Nasdaq, Business Locations: China, Asia, India, Indonesia

☆ GameStop, AMC rallies like 'watching a sitcom on repeat,' expert says. Here are the risks to monitor
▼ + stars: | 2024-05-14 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Spencer Platt | Getty ImagesShares of AMC Entertainment and GameStop have surged once again in a new "meme stock" rally triggered by social media. A social media account named "Roaring Kitty" posted an image for the first time in three years, prompting the trading frenzy. The man purportedly behind the Roaring Kitty account helped lead a meme stock frenzy between 2020 and 2021. watch nowIn some ways, this time differs from when the stocks surged during the Covid-19 lockdown. Roaring Kitty gives the impression that a guy is in his basement trading stocks instead of big investors like hedge funds and investment banks, he said.

Persons: Spencer Platt, Kitty, Dan Egan, Egan, aren't, Roaring Kitty Organizations: New York Stock Exchange, Getty, AMC Entertainment, GameStop Locations: New York City, Las Vegas

But while the company's profile in the industry has stayed constant and swaggering, behind the curtain, its business has been increasingly troubled, 10 insiders told Business Insider. Creator economy professionals mingled beneath glowing jellyfish and coral light fixtures inside Jellysmack's creator lounge during VidCon 2023. "As a startup in the ever-evolving creator economy, we are constantly testing and adapting our business model," the Jellysmack spokesperson told BI in a statement. Advertisement"The world was falling apart with the pandemic, but early Jellysmack felt like a dream," the second former staffer told BI. BI viewed two Jellysmack contracts and an email exchange between Jellysmack and one of its creator clients to verify the practice.

Persons: —, SoftBank, lanyards, Jellymack, Jellysmack, YouTubers, Brad Mondo, Meta, Michael Philippe, Jellysmack cofounders Swann Maizil, Robin Sabban, Nathan Guetta, Condé Nast, Youri Hazanov, Sean Atkins, hasn't, Snapchat —, Amanda Perelli, JellyFi, deprioritize, that's, it's, Ollie Forsyth, They've Organizations: Service, Business, Facebook, influencers, BI, YouTube, Disney, Comcast, Keli, Big Tech, cryptocurrency, MTV, HBO, Copyright Capital, SoftBank, Productions, OKA Media, Network Media LLC, Crime, Star, Spotify, Crime Network Locations: VidCon, SoftBank

☆ As an adult filmmaker, I know kids are watching porn at a young age. Here's how I talk to mine about it.
▼ + stars: | 2024-05-14 | by ( Joni Sweet | ) www.businessinsider.com time to read: +7 min

A lot of parents think they don't need to talk to their kids about porn, but as an adult filmmaker, I never had that option. Talking to children about porn isn't just important for parents in the adult entertainment industry, though. We can't assume our kids have not seen porn. That's why I created the nonprofit The Porn Conversation to give families tools to help them talk with kids about porn literacy. Pointing out the things we see and questioning them helps children build the skills they'll need to understand porn.

Persons: —, Erika Lust, I've, what's, they're, it's Organizations: Service, Lust, Business

☆ GameStop is surging for a second day — but one market guru calls the Reddit-fueled rally a 'speculation orgy'
▼ + stars: | 2024-05-14 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

GameStop shares soared once again ahead of Tuesday's opening bell. Other meme stocks like AMC and BlackBerry have also racked up big gains this week. Market gurus like Jim Chanos and Larry McDonald aren't convinced by the Reddit-fueled rally, though. AdvertisementGameStop and other big-name "meme stocks" kept rising ahead of Tuesday's opening bell — but some of the best-known voices in the market are highly skeptical about the rally. AMC, BlackBerry, and several other meme stocks — notable for their popularity on retail investing forums such as Reddit's r/WallStreetBets — also racked up major gains in early-morning trading.

Persons: Jim Chanos, Larry McDonald aren't, —, Keith Gill's, Gill, Kitty, Keith Gill, Roaring, Lol, Ferris, Larry McDonald, Jerome, Powell's Organizations: GameStop, AMC, BlackBerry, Service, Pirates

☆ 1 in 3 senior execs say a return-to-office mandate is pushing them to quit
▼ + stars: | 2024-05-14 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That earlier survey also found that 19% of non-exec workers would likewise quit if forced to pick up their commute again. AdvertisementOgawa said the findings were also notable because high-up executives are often the people tasked with implementing RTO mandates. That's a big drop from a prior survey in 2023, when 62% of CEOs held that expectation. Advertisement"They might not be looking to retain folks who wouldn't want to come back to the office," she said.

Persons: —, they'd, Gartner, Caroline Ogawa, execs, Ogawa, That's, Paul Knopp, Erik Bernard, What's, RTO Gartner's Ogawa, we've Organizations: Service, Gartner, Business, KMPG, KPMG US Locations: IT, Australia

☆ Why are hundreds of Teslas parked outside a dying shopping mall? A local news station solved the mystery.
▼ + stars: | 2024-05-14 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewChesterfield Mall, set to shut down in October, has become an unexpected parking lot for hundreds of Tesla vehicles over the last few months. The Teslas, including Cybertrucks, parked outside of the Chesterfield, Missouri, shopping spot puzzled people passing by, especially as the number of EVs seemed to increase over time. According to the report, Tesla is storing unsold vehicles at the mall until it shuts down. Staenberg said Tesla has occupied the space for about six or seven months and can stay until the mall closes in October. Inventory lots aren't uncommonTesla isn't the only car brand to store its unsold vehicles outside a dealership.

Persons: —, Michael Staenberg, Tesla, Staenberg, Tim Lowe, KTVI, General Motors, ramping Organizations: Service, Business, Chesterfield Mall, Ford's, Plant, General, oversupply, Cox Automotive, EV Locations: Chesterfield , Missouri, Chesterfield, Ford's Michigan, Wayne, Grand Blanc , Michigan, Berlin

☆ More young people are being diagnosed with cancer. 3 lifestyle changes could reduce your risk, according to a cancer dietitian.
▼ + stars: | 2024-05-14 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Read previewA dietitian specializing in cancer prevention told Business Insider that simple lifestyle changes can be powerful when it comes to reducing the risk of developing cancer. The rates of younger adults being diagnosed with cancer have been rising since the '90s, according to the American Cancer Society, with colorectal, breast, and stomach cancers a particular concern. But certain lifestyle choices can help to prevent cancer, Tejal Parekh, a registered and licensed dietitian who specializes in helping mesothelioma patients reduce cancer symptoms through diet at Asbestos.com, told Business Insider. Research suggests that diets high in salt are linked to an increased risk of stomach cancer. Exercise regularly and maintain a healthy weightBeing physically active for at least 30 minutes daily can help prevent cancer, Parekh said.

Persons: —, Tejal Parekh, dietitian, Parekh, Parekh it's Organizations: Service, American Cancer Society, US Centers for Disease Control, Business, International Agency for Research, Cancer, Research, CDC, Health Organization, National Cancer Institute

☆ Money or talent? What's actually driving hedge funds to Abu Dhabi and Dubai
▼ + stars: | 2024-05-14 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Millennium, Brevan Howard, Schonfeld, and ExodusPoint are just a few of the funds that have put roots down in either Abu Dhabi or Dubai. Meanwhile, Bridgewater's Ray Dalio bought a penthouse in Abu Dhabi as he compliments the country's policies. When one US-based hedge fund fundraiser met with Abu Dhabi officials late last year, he didn't expect much to come of it. He lauded everything from the Louvre outpost in Abu Dhabi to the warm weather to the responsiveness from government officials. A Bloomberg story on Abu Dhabi notes that it's fast-tracking country-club admissions for new wealthy immigrants.

Persons: —, Brevan Howard, Schonfeld, Bridgewater's Ray Dalio, Austen Smart, Tighe, Smart, Alan Howard, Greg Coffey, Danny Yong, hoover, Doug Greenig, Morgan, Point72, Steve Cohen, Viking Global's Andreas Halvorsen, keynotes, Howard, Abu Dhabi, Craig Bergstrom, Bobby Jain's, Florin Court's Greenig, Abu, Floring Organizations: Service, United Arab Emirates, titans, Business, Tighe International, Florin Court Capital, Morgan Stanley's, Dubai Financial Services Authority, Abu, Abu Dhabi Investment Authority, Mubadala Investment Company, Corbin Capital, Abu Dhabi Global, Hong Kong, pats, Bloomberg Locations: Dubai, Abu Dhabi, London, New York, Mumbai, UAE, Asia, Switzerland, It's, Gaza, Iran, Palm, Europe, Cayman Islands, Jersey, Miami, San Franciso, Riyadh, Saudi

☆ Boats still aren't safe from orcas as the Mediterranean yachting season kicks off and killer whales sink another yacht
▼ + stars: | 2024-05-14 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Killer whales took down another yacht on Monday as the Mediterranean yachting season begins. It's the latest incident of orcas clashing with boats, which has been on the rise in recent years. Marine biologists say the orcas are likely playing and may be learning the behavior from each other. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Mediterranean yachting season has kicked off for the summer — and it didn't take long for another yacht to fall victim to a killer whale encounter.

Persons: —, orcas Organizations: Service, Reuters, Business Locations: Strait, Gibraltar

☆ Don't call them DINKs. Many childfree adults are ALICEs, living paycheck to paycheck without government assistance
▼ + stars: | 2024-05-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

A growing number of child-free adults, however, are falling through the cracks of the US economy. Many low-income childfree adults fall into the ALICE category — people who are asset-limited, income-constrained, and employed. The majority of these adults don't receive any state or federal rental assistance. AdvertisementMany Social Security and Medicare programs also primarily offer assistance to older adults, excluding adults under 62. He suggested expanding the Earned Income Tax Credit to benefit more adults without children, along with removing the extra qualifications childfree adults must meet to access SNAP benefits.

Persons: —, childfree, Robert Greenstein, Greenstein Organizations: Service, Business, Brookings Institution, Brookings, The Hamilton, Security, SNAP, Social Security Locations: Brookings

☆ Crypto prices are back. So are the TV ads.
▼ + stars: | 2024-05-13 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Read previewOne sign we're in a crypto revival: Crypto prices are roaring again. Another sign: Crypto companies are advertising on TV again. Crypto.com isn't the only one pushing crypto on TV again. It makes perfect sense to run it side-by-side with ads telling you how fun it would be to bet on the very game you're watching (unless you're an NBA player). All that said, the 2024 crypto revival still seems more like an echo of the last boom than a replay.

Persons: —, you've, it's, Eminem, Matt Damon, Damon, Crypto.com, Coinbase cheekily, Crypto, Jack Dorsey, Kitty Organizations: Service, NBA, Business, UFC, GameStop

☆ Stock futures are little changed as investors brace for key inflation reports: Live updates
▼ + stars: | 2024-05-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures flickered near the flatline Monday evening as Wall Street braced for the release of key inflation reports. S&P 500 futures inched down 0.02%, while Nasdaq 100 futures slipped 0.08%. Another market catalyst will emerge Tuesday morning as the first of two key inflation reports will be released. "It's not unusual for Wall Street and Main Street to see the economy differently — the different perspective stems from different points of focus. Stock market movements are based on expectations of future economic performance, not necessarily current conditions," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management.

Persons: Dow, Dow Jones, Jerome Powell, Brent Schutte Organizations: Nasdaq, Dow Jones Industrial, New York Federal Reserve, PPI, Northwestern Mutual Wealth Management

☆ AI may not replace you, but someone who uses it can — here's the No.1 skill you need to stay relevant
▼ + stars: | 2024-05-13 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +3 min

55% of leaders say they're concered about having enough talent to fill roles in the year ahead as AI skills become more relevant than ever before, new study finds. 71% [of leaders] say they'd rather hire a less experienced candidate with AI skills than a more experienced candidate without them. As a result, employees around the world are taking matters into their own hands, learning to use AI tools on their own. "You should not be using your company data or any of your own personal data [when using free online AI tools]." Part of upskilling on AI tools is learning how to do so safely and effectively.

Persons: Laurence Liew, they'd, ChatGPT, Liew, Microsoft's Organizations: AI Singapore, Microsoft, Singapore Locations: Singapore

☆ I'm an American and lived in the Netherlands for 4 years. Subsidized childcare allowed me to start my own company.
▼ + stars: | 2024-05-13 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +5 min

In 2016, when I was seven months pregnant and my oldest son was 6, we moved to the Netherlands for my husband's work. During my time there, I noticed several differences between raising a family in the Netherlands and in the United States. Most parents would say "don't parent my child" or "don't tell me how to parent my child". Childcare is subsidizedSince childcare is subsidized in the Netherlands, I was able to start my own circular children's clothing company even while raising young children. AdvertisementWhen we were in the Netherlands, they didn't really start reading until 7 years old.

Persons: weren't, we've, haven't Organizations: Service, Business, Washington DC Locations: Philadelphia, Netherlands, United States, —, America, Washington

☆ I studied to be a surgeon, but I became an electrician instead. I have no regrets.
▼ + stars: | 2024-05-13 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Lexis Czumak-Abreu, a 27-year-old electrician in New York state. But now I work as an electrician. I did an apprenticeship with an electrician company in 2015 and kept up electrician jobs on the side when I needed money for my family. I became a full-time electrician instead of continuing in medicineI could no longer work as a personal trainer under the COVID-19 restrictions. I'm happy where I am and excited to move into working with even higher voltage in the future.

Persons: —, Lexis, Abreu, I'm, I've, haven't Organizations: Service, Business Locations: New York

☆ Meet the group preparing for a Soviet Union-type collapse of the US economy
▼ + stars: | 2024-05-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.

Persons: —, Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago

☆ A precision medicine doctor shares 5 diet tips that could help you live longer
▼ + stars: | 2024-05-13 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Dr. Florence Comite is a precision medicine doctor who specializes in healthy aging. She shared five diet tips she shares with patients to help them live longer. AdvertisementA precision medicine doctor shared with Business Insider six diet tips she gives her patients to help them live healthily for as long as possible. A separate study from 2023 found that people who ate diets rich in whole grains, nuts, and fruit lived around 10 years longer than those who consumed more red meat, processed foods, and sugary drinks. 10'000 Hours/ GettyDespite its name, the Mediterranean diet is more of an eating plan that is low in processed foods and red meat.

Persons: —, Florence Comite, jittery, Dietitians Organizations: Florence Comite, Service, Business, Allied Market Research, Comite Center, Precision Medicine & Health, Nutrition Board, National Academies of Sciences Engineering, Medicine, Comite Locations: Florence, York

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 7.09% last week, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.38% last week, according to Freddie Mac data, which is a nine-basis-point decrease from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit. Once the Fed starts cutting rates, which is likely to happen this year, mortgage rates should fall even further.

Persons: Freddie Mac Organizations: Bureau of Labor Statistics, Federal Reserve, Federal Reserve Bank, Zillow, Fed Locations: Chevron

☆ This type of employee is more prone to burnout, says Ivy League stress expert—here's why
▼ + stars: | 2024-05-13 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

You don't need to hate your job to experience burnout. For her new book, "Burnout Immunity," Wiens interviewed hundreds of people working in high-stress environments, including hospital employees, police chiefs and financial executives. She found that the people at the highest risk of burnout aren't just those with demanding jobs — they genuinely love their work and routinely go the extra mile. While identifying yourself through your work isn't necessarily bad, it makes you vulnerable to burnout if you make too many personal sacrifices and lose sight of your own self-care. Much of the same vulnerability to burnout exists in people who are passionate about their work and prioritize their employer's needs and goals over their own, Wiens notes.

Persons: Kandi Wiens, Wiens Organizations: University of Pennsylvania's, Medical

☆ 'The house is burning down': Money expert's advice for a couple with over $620,000 in debt
▼ + stars: | 2024-05-13 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Each month, they pay $3,700 for their mortgage, $3,342 on their credit card debt and $2,495 on their auto loans. 'The house is burning down'When Sethi asked Kevin and Michelle why they needed help despite their high income, Kevin said impulse buys like drinks at 7-Eleven have really added up. The couple owes $73,000 in credit card debt and $99,000 on two auto loans for luxury cars. "That's a total distraction from what's really going on here, which is the house is burning down." At the time of the podcast's recording, the couple's fixed costs came out to about 73% of their monthly income.

Persons: Ramit Sethi, Rich, Kevin, Michelle, Sethi

☆ Why America Still Can't Get Rid of High Prices, Inflation
▼ + stars: | 2024-05-13 | by ( Neil Dutta | ) www.businessinsider.com time to read: +9 min

Typically, price increases are a slow-moving process, so it is rare to see core inflation accelerate this much this quickly. The Survey of Professional Forecasters has found longer-run expectations for inflation have leveled out at 2% — the Fed's target. These one-offs have had an outsize impact on the overall inflation picture. Ahead of 2024, the contribution from acyclical components to core inflation was essentially zero. The strong growth in private demand suggests that second-quarter GDP could be even more robust.

Persons: I've Organizations: America, Federal Reserve, PCE, Atlanta Fed Locations: Real

☆ I saw the northern lights during the historic solar storm. I was surprised by how misleading the photos are.
▼ + stars: | 2024-05-13 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Read previewI saw the northern lights glowing in the California skies last weekend — but just barely. Over the weekend, this solar activity brought the northern lights south, as far as Arkansas, and gave us a rare chance to see it in California. That's when we knew we were seeing the northern lights. My first solid glimpse of the northern lights came through my iPhone camera. AdvertisementWhy photos make the northern lights look more colorful than they areThe skies looked fully pink in my photos.

Persons: —, Morgan McFall, Johnsen, San Francisco —, Dan Bartlett, Maria Walach, auroras, Bartlett, I'm Organizations: Service, Business, Mount, State Park, Lancaster University Locations: California, Arkansas, San Francisco, Lake , California, Yosemite

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