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☆ Biden's new student-loan forgiveness plan has already received over 24,000 comments. There are 2 weeks left to give the administration input.
▼ + stars: | 2024-05-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

There are two weeks left for the public to comment on Biden's new student-debt relief plan. Once the public comment period ends, the administration will move toward final implementation. AdvertisementThe American people have just two weeks left to give President Joe Biden's administration input on its new student-loan forgiveness plan. Related storiesThe plan is now in the public comment period, and there are two weeks left for anyone who wishes to provide input on the administration's proposals. AdvertisementThe comments are available to be viewed publicly, and some of them were supportive of Biden's plan.

Persons: —, Joe Biden's, Biden's, Andrew Bailey, Biden Organizations: Service, Education Department, Federal Register Locations: Missouri

☆ The fall of Gucci was inevitable
▼ + stars: | 2024-05-03 | by ( Madeline Berg | ) www.businessinsider.com time to read: +13 min

"We got used to hearing about double-digit growth at Gucci," Fflur Roberts, the head of luxury goods at Euromonitor, told Business Insider. "I think of what a fashion editor is wearing — it's not Gucci," Lindsey Solomon, a fashion publicist, told BI. After taking the top spot on the Lyst Index of fashion's hottest brands in 2022, Gucci dropped to number 11 last quarter. "We still believe the Gucci brand's current growth rate, which is 10 times higher than that of the industry, represents a risk going forward," Morningstar's Sokolova wrote in a 2017 note. Gucci relied heavily on China for its growth, but stores — perhaps including this one in China's Hainan Province — have struggled recently.

Persons: Alessandro Michele's, loafers, Gigi Hadid, Sienna Miller, Steve Madden, ASOS, Sally Singer, Michele, Fflur Roberts, Alessandro Michele, Harry Styles, Billie Eilish, Jared Leto, Kevin Mazur, Bauer, Griffin, Jeff Kravitz, Gucci, Sabato De Sarno, Lindsey Solomon, De Sarno, François, Henri Pinault, China —, Jelena Sokolova, Solomon, Daniele Venturelli, Michele —, Sokolova, It's, Thomas Chauvet, Morningstar's Sokolova, Michele's Gucci, wasn't, Jeremy Moeller, Chauvet, Roberts, Chanel, Gucci's, Gucci hadn't, Hermès, Birkin, Louis Vuitton's Neverfull, Pinault, Louis, Euromonitor's Roberts Organizations: Creative, Gucci, The Recording Academy, Axelle, Morningstar, BI, Citi, Disney, Getty, Revenue, China News Service, Bain, Louis Vuitton Locations: Euromonitor, China, The Asia, Pacific, China's Hainan Province, Asia

☆ Don't worry, Dua Lipa fans: 'Radical Optimism' isn't a flop — it's primed for slow-burn success
▼ + stars: | 2024-05-03 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

Dua Lipa released her third studio album, "Radical Optimism," on Friday. With its Euro-pop vibe, 11-track structure, and dance-forward conceit, "Radical Optimism" does recall its predecessor, but that's hardly a bad thing. Compare that to the trio of "Radical Optimism" singles: "Houdini," "Training Season," and "Illusion," all of which have the makings of a smash. "Radical Optimism" is primed for the same kind of slow-burn success, especially given its familiar shimmer of pop genius. Final Grade: 8.6/10Dua Lipa's "Radical Optimism" was released on May 3, 2024.

Persons: Lipa, Maria, —, who's bristled, who'd, I've, I'd, Kevin Parker, Danny L Harle, Caroline Polachek's, Parker, Houdini, they've Organizations: Service, Lipa, Warner Records, Press Locations: Lipa, singledom, untethered

☆ Cramer says inflation data is driving market action, even during a major earnings week
▼ + stars: | 2024-05-02 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said Thursday that investors need weaker figures from Friday's labor report if they want stocks to rally, adding that inflation data is what is truly driving market action. "I wish the market didn't work this way, but that's the reality, and it's why you need to bet against the U.S. economy tomorrow if you're hoping for higher stock prices." Cramer said he hates having to root against the economy, but investors are so focused on what "big picture data" might signal to the Fed that information such as the April jobs report controls market action — even during an influential earnings week. He also said the focus on the federal funds rate makes the stock market a "plaything" for those who want to bet on the Fed's next move. "It's absurd — it's the opposite of a stock picker's market."

Persons: CNBC's Jim Cramer, Cramer Organizations: Federal Locations: U.S

☆ Making the power grid 'smart' could save us all money and prevent blackouts. Chattanooga made the $280 million investment.
▼ + stars: | 2024-05-02 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +13 min

Chattanooga's utility built a $280 million smart grid, creating $2.7 billion in economic value. The local utility, called EPB of Chattanooga, spent $280 million to refurbish its power system with smart technologies to make a "smart grid." The traditional power grid carries electricity from a power plant to homes and commercial buildings. Smart grids can bring huge economic benefitsEven Congress knows the nation needs a smart grid. Though a smart grid requires a big up-front investment, it can save a lot of money down the line.

Persons: —, That's, Tiago Majuelos, Monika Skolimowska, Kevin Schneider, Schneider, Joshua Rhodes, David Wade, EPB, Wade, Taylor, David Swanson, We're Organizations: Infrastructure, Service, Chattanooga Smart, US Department of Energy, Wall Street, Getty, Pacific Northwest National Laboratory, American Society of Civil Engineers, University of Texas, Department of Energy, C Electric Company, BI, Reuters, Nationwide Locations: Chattanooga , Tennessee, Chattanooga, Tennessee, EPB, California, Austin, Hamilton County, Palm Springs , California, Columbia, Southern California

☆ College students desperate for jobs are getting scammed online by criminals posing as tech recruiters
▼ + stars: | 2024-05-01 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +4 min

College students are increasingly targeted by job recruitment scammers, the FTC warned. Scammers use fake listings and pose as recruiters to steal money and identities. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But they can also target a college student's identity or bank information. AdvertisementThe Wall Street Journal recently interviewed students who had encountered scammers during their job hunts.

Persons: —, scammers, Murray Organizations: FTC, Service, Street, Microsoft, Murray Resources Locations: Houston

☆ Princess Cruises is taking a page out of the ultra-luxury cruise industry with new all-inclusive, $3,000 cabins
▼ + stars: | 2024-05-01 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

Princess Cruises says its new Sun Princess and upcoming Star Princess will have all-inclusive cabins. It's a stark contrast to the high-end cruise industry, where all-inclusivity is often considered the standard. In 2024, Sun Princess' Sanctuary cabins start at more than $3,000 per person for a weeklong Caribbean cruise in mid-December. Princess CruisesThe cruise line says its next ship, Star Princess, which will debut in late September 2025, will also carry the Sanctuary Collection. Following in the footsteps of high-end, all-inclusive cruise lines could be a wise decision for Princess.

Persons: who've, —, Princess, Cruises Organizations: Cruises, Service, Princess Cruises, Carnival Corp, Regent Seven Seas, Princess Premier, cabanas, MSC Cruises, HX, Hyatt, Marriott Locations: Royal Caribbean, Norwegian, Caribbean

☆ I grew up in Athens. Here are 8 things I wish tourists would stop doing when they come here.
▼ + stars: | 2024-05-01 | by ( Konstantina Pyrnokoki | ) www.businessinsider.com time to read: +5 min

Read previewI was born and raised in Athens, so I've seen a lot of tourists. Here are things I wish people would stop doing when they visit Athens. AdvertisementIf you insist on riding the bus, ask someone at the stop when your specific bus passed last. When in doubt, ask a local for the best restaurants in Athens rather than blindly following travel guides. AdvertisementCrosswalks are rarely seen by Greek drivers as a sign to stop, so crossing one whenever you want is unwise.

Persons: —, I've, SHansche, you've, zucchini, SEN LI, it's Organizations: Service, Business, Acropolis Locations: Athens, Delta, Greece, cafés

☆ Democrats' dilemma: Which hard-right Republican should they side with?
▼ + stars: | 2024-05-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Mike Johnson is almost certain to survive MTG's effort oust him due to the support of Democrats. But progressives are unsure how to handle the vote, with some citing Johnson's own hard-right views. AdvertisementNext week, Democrats will be siding with a Republican that they've derided as being slavishly loyal to Donald Trump, wedded to evangelical Christian nationalist beliefs, opposed to LGBTQ+ rights, and a danger to American democracy. Some of them haven't decided whether that person is Speaker Mike Johnson or Rep. Marjorie Taylor Greene. After all, House Democrats voted unanimously with Rep. Matt Gaetz of Florida to oust then-Speaker Kevin McCarthy in October.

Persons: Mike Johnson, —, they've, Donald Trump, haven't, Marjorie Taylor Greene, Johnson, — it's, Matt Gaetz, Kevin McCarthy, Mark Pocan, I'm, Alexandria Ocasio, Cortez, Ilhan Omar, Minnesota, Greg Casar, Texas —, Mike Johnson shouldn't, doesn't, Greene, it's, Omar, Ro Khanna, Khanna Organizations: Service, Republican, Democratic, House, — Rep, Congressional Progressive Caucus, CPC, New, CNN, Republicans, Democrats Locations: Georgia, Florida, Wisconsin, Alexandria, Cortez of New York, Texas, Cortez, New York, California, Ukraine, Israel

☆ 'Shark Tank' star Kevin O'Leary says interest rates won't budge this year: 'I'm sorry, it's just reality'
▼ + stars: | 2024-05-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"Shark Tank" star Kevin O'Leary sees zero rate cuts this year, he told Fox Business. Cuts are unlikely as the Fed can't seem to reach its mandate of 2% inflation anytime soon, he said. AdvertisementInvestors need to stifle any hope for interest rate cuts this year, as the Federal Reserve will not be able to reach its inflation mandate anytime soon, Kevin O'Leary said. But there'll be no rate cuts this year," O'Leary said Tuesday. For its part, the Fed has projected three rate cuts in 2024, though officials have repeatedly asserted that this depends on future inflation and economic data.

Persons: Kevin O'Leary, —, there'll, " O'Leary, I'm, O'Leary Organizations: Fox Business, Service, Federal Reserve, Fox Business Network, Fed

☆ The $21 billion influencer industry has gone completely off the rails
▼ + stars: | 2024-05-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Influencer marketing is booming, and brands spend billions to promote products with a personal touch. But these days, the industry of influencer marketing is completely off the rails. Since 2016, the dollars driving the influencer marketing industry have ballooned from $1.6 billion a year to an estimated $21.1 billion in 2023, according to Influencer Marketing Hub. Marketers, brands, influencers, and platform companies all have opportunities to exploit one another to varying degrees of harm." It's not great for consumersDespite the money flying around, the FTC only provides basic guidelines about disclosure requirements for influencer marketing to protect consumers of their content.

Persons: —, Emily Hund, Hund, David Camp, Michael Jordan, George Foreman, Brooke Shields, Calvin Klein, isn't, It's, Kim Kardashian, influencer Chiara Ferragni, Lindsay Lohan, DJ Khaled, Naomi Campbell, Kardashian, Dylan Mulvaney, Bud Light, Ben Shapiro, Donald Trump Jr, Camp Organizations: Service, Business, Social Media, Harvard Business, CBS News, Nike, Salton, FTC, SEC, Consumer, NBC Locations: influencers, California

☆ Biden administration to require advanced safety tech on all new cars and trucks
▼ + stars: | 2024-04-30 | by ( Rob Wile | Tom Costello | ) www.cnbc.com time to read: +3 min

The Biden administration plans to require that all new cars and trucks come with pedestrian-collision avoidance systems that include automatic emergency braking technology by the end of the decade. They will also require braking at up to 45 mph when a pedestrian is detected. Automatic emergency braking "prevents collisions. It said that technologies like automatic emergency braking have proven "game changing" and that automakers have voluntarily committed to install them on new vehicles. Buttigieg acknowledged the technology is still being perfected — one reason the requirement won't take effect until the end of 2029.

Persons: Biden, Pete Buttigieg, Buttigieg, hadn't, Kathleen Rizk, Power's, Rizk Organizations: U.S ., Transportation Department, Alliance for Automotive Innovation, Governors Highway Safety Association, Research, Consumers, Drivers Locations: San Francisco , California

☆ 6 psychological mistakes business leaders make, including 'crossing the net'
▼ + stars: | 2024-04-29 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

Dr. Matthew JonesMost of Jones' clients work in tech and often deal with fast-paced work environments and uncertainty. AdvertisementJones shared six of the biggest communication mistakes he's seen business leaders and cofounders make — from how they address conflict to ignoring it until it's too late. They only understand business languageJones said there are three types of languages that all business teams speak: operational, psychological, and archetypal. They don't check in enoughJones said that when business leaders don't normalize listening and giving feedback, it can create rifts between them over time. AdvertisementUnfortunately, that represents the smallest percentage of his business clients; the vast majority "are currently experiencing varying degrees of conflict," he said.

Persons: —, Matthew Jones, Dr, Jones, cofounders, it's Organizations: Service, Business, Stanford

☆ My nanny share was more expensive than day care — and more work
▼ + stars: | 2024-04-29 | by ( Elliott Walker | ) www.businessinsider.com time to read: +4 min

A day care would've been cheaper and we would've done less admin work. At day care, she'd be one of 10 babies in a class, which I (incorrectly) assumed would mean a lower level of care. So yes, if we had been set on using a nanny instead of day care, doing a share would have saved us money. Related storiesBut a nanny share compared to day care? For us, that was the final straw on the big pile of reasons to stop the nanny share.

Persons: —, she'd, you'd, she's, we've Organizations: Service

☆ Rich Young Men Want This Famous $7,000 Herman Miller Eames Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

"The Eames chair is basically meme status," said Joel Vanderveen, a 35-year-old from Minnesota who created a subreddit about a decade ago dedicated to all things Eames. "Until the last 10 years, when people would say to me they had an Eames chair, I never knew which one they meant," Kirkham said. The Eames chair is one of those rare luxury goods that checks all those boxes for novices and experts alike, in his view. Not everyone with the Eames chair has a new one, an expensive one, or even a real one. The Eames chair seems eco-friendly, too — they're not going to be tossing it out in two years.

Persons: he'd, that's, Herman Miller Eames, I'd, I'm, Eames, Herman Miller, Amy Auscherman, Herman Miller's, Joel Vanderveen, Charles, Ray Eames, Pat Kirkham, Kirkham, wasn't, it's, It's, Auscherman, Julia Mack, Jennifer Jones, Kyle, He's, Zak Cole, who'd, Shawn Pasternak, they're, Derek Guy, HENRY, Guy, Loren Kreiss, they've, Emily Stewart Organizations: MoMA, Kingston University, Playboy, Porsche, Ikea, Democrat, Business Locations: New York City's Queens, Minnesota, ottoman, London, Brooklyn , New York, San Francisco, Brooklyn, Nashville, Los Angeles, Michigan, Washington, It's, I'm

☆ New Status Symbol for Rich Young Men: a $7,000 Herman Miller Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

☆ Dubai property boss says floods were overexaggerated: 'Things like that happen in Miami regularly'
▼ + stars: | 2024-04-28 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Flash floods that formed led to water engulfing cars, in some areas fully submerging them, leading hundreds of drivers to abandon their vehicles on roads to escape the rising water levels. The deluge also closed schools and businesses, grounded hundreds of flights, and destroyed cars, businesses and other property. Damac's Sajwani conceded there was chaos at the airport, but said the UAE had recovered much faster than other nations would have. "Fine, we get some, in one of the malls, some damage. He explained that he arrived in Dubai from London just a few hours after the rains had stopped, and visited all the major properties that belong to his company.

Persons: Hussain Sajwani, Damac's Sajwani, CNBC's Dan Murphy, it's Organizations: Damac, United, UAE, Energy Locations: United Arab, UAE, Riyadh, Saudi Arabia, Dubai, London

☆ I downsized to an ADU I built in my Sacramento yard. I pay only $520 toward my mortgage and am saving up for my next home.
▼ + stars: | 2024-04-27 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

One of them sent me an advertisement for CalHFA's ADU grant program that gives eligible Californians $40,000 to cover blueprints, permits, and closing costs to build an ADU on their property. In 2022, I began the process of getting approved for the CalHFA's ADU grant, which was pretty easy. As a result, my mortgage, including my main house and ADU, increased by $1,500 a month — from $1,200 to $2,700. There are two renters living in the main property and my son and I moved into the ADU. Living in the ADU with my son, I only pay $520 of the $2,700 mortgage.

Persons: —, Blanca Barragan, They've, Barragan, I've, I'm Organizations: Service, Business, Habitat, Humanity, Tiny Locations: Sacramento, Blanca, California

I reached out to investing educator Amanda Holden, who told me it's smart to start with a brokerage account. Instead of investing in individual stocks, she suggests ETFs and index funds. In order to explain some of the basics in a simple way, I reached out to investing educator Amanda Holden for her thoughts. She had four tips for getting started on your investing journey. Of course, you'll want to consult with a financial advisor for a full investing strategy; her tips are educational, but they aren't investing advice.

Persons: Amanda Holden, it's, Holden, Charles Schwab, Schwab, Get, You'll, aren't, we'll, doesn't Organizations: Fidelity, Vanguard, — Vanguard

☆ What happens if TikTok is sold without the algorithm that drives the 'For You' page? It might not be so bad.
▼ + stars: | 2024-04-26 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

If ByteDance is actually forced to sell TikTok, it might not include the app's algorithm. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . What if the TikTok algorithm doesn't really matter that much? There's also another thing that could be a drag on TikTok that doesn't even have to do with the algorithm. Selling TikTok without the algorithm — whatever that actually means — is not ideal, but it might not be the one thing that sends TikTok down a path toward MySpace status.

Persons: TikTok, —, ByteDance, that's, Bon, Meta, you've, Elon Musk, There's Organizations: Service, Ferrari Locations: Elon

☆ This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year
▼ + stars: | 2024-04-25 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Gek Teng Pang founded Surrey Hills Grocer in 2021. Success didn't come easy for Pang Gek Teng. Today, she is the proud founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand with five locations across Singapore. Navigating the entrepreneurial worldBetween quitting her job and starting Surrey Hills Grocer, Pang founded five different businesses. Pang opened her first Surrey Hills Grocer store in December 2021, and eventually went on to open four other locations.

Persons: Gek Teng Pang, Pang Gek Teng, Pang, That's, —, Alvin Lau, she's Organizations: Surrey Hills Grocer, CNBC, Surrey Hills, University of Newcastle, CNBC she's Locations: Singapore, Australian, Australia, Surry Hills

☆ I left my corporate banking job after I got reality TV-famous on 'The Bachelorette.' Now, I'm worth $4 million.
▼ + stars: | 2024-04-25 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +10 min

I was working as a senior corporate banker right before I applied to be on "The Bachelorette." Throughout my career in corporate banking, I executed over $150 million in lending transactions. AdvertisementFive years after leaving the corporate world, I'm now worth between $4 and $5 millionTartick in 2023. Charles Sykes/Bravo via Getty ImagesWe just came off a massive book launch for "Talk Money to Me," where we went to eight cities. Jason Tartick's new book "Talk Money to Me" is in stores now.

Persons: —, Jason Tartick, podcaster, It's, I'd, guardrails, Tartick, Craig Sjodin, You've, I'm, Becca wasn't, Becca Kufrin, Paul Hebert, — it's, Kaitlyn Bristowe, didn't, Jason, I've, that'll, Charles Sykes, Bravo, we've, Jason Tartick's Organizations: Service, Business, Disney, Entertainment, Getty, Rewire Talent Management Locations: KeyBank, America

☆ I made Ina Garten's spring spaghetti carbonara and had dinner ready in 30 minutes
▼ + stars: | 2024-04-25 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +1 min

I made Ina Garten's spring green spaghetti carbonara to celebrate the new season. I loved how light and creamy the pasta was — it's the perfect easy spring dinner. And if you're looking for a quick and easy pasta that's as bright as the new season, look no further than Ina Garten's spring green spaghetti carbonara. "Spaghetti carbonara is true Italian comfort food, but it's incredibly rich," Garten writes in her "Modern Comfort Food" cookbook. Garten's spring green spaghetti carbonara is ready in 30 minutes — a perfect quick weeknight dinner that will still impress your family and friends.

Persons: Ina, —, Ina Garten's, Garten Organizations: Service

People are surprised to learn that Mari Murdock, 36, is a professional game master, a role in which she organizes and narrates tabletop roleplaying games like Dungeons & Dragons. Dungeons & Dragons is an open-ended tabletop game in which the narrative is shaped by the players' choices, whether that's through combat, puzzles or negotiation. But as Murdock played tabletop games through the 2010s, she grew more confident in the skills it takes to run a good game. The timing was fortuitous, as tabletop gaming became more popular during the pandemic. For Murdock, gaming allows you to immerse yourself in "a pretend situation where you are imagining that you are someone else.

Persons: Mari Murdock, Graham Merwin, Murdock, — it's, Scott, Murdock's, Mari, she'd, Dax Levine, —, Levine, Max, we've, it's Organizations: CNBC, Westminster University, Brigham Young University, Hawaii, BYU, Dragons, Guinness World Records, &, PayPal, Hulu, Spotify, Amazon Prime, Max Insurance, Relief Society Locations: Utah, Salt Lake City, Michigan, Hawaii, Japan, Scott, Provo , Utah

☆ Every Kennedy family member that opposes RFK Jr.'s presidential campaign
▼ + stars: | 2024-04-24 | by ( Brent D. Griffiths | Madison Hall | ) www.businessinsider.com time to read: +1 min

Independent presidential candidate Robert F. Kennedy Jr.'s large family keeps speaking against him. Kennedy, whose campaign could hurt Donald Trump's reelection chances, brushed it off in a lengthy social media post highlighting his affection for them. "I hear some of my family will be endorsing President Biden today," Kennedy posted. And we love our president," Christopher Kennedy told Politico shortly after RFK Jr. decided to run as an Independent. Many of his relatives haven't been nearly as kind when speaking out against Kennedy, as seen below:

Persons: Robert F, Kennedy Jr, Joe Biden, Biden's, —, Joe Biden's, Biden, Kennedy, Donald Trump's, Christopher Kennedy, haven't Organizations: Service, Democratic, Politico, RFK Jr Locations: Philadelphia

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