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The African National Congress lost its political stranglehold on South Africa after election results on Saturday showed that with almost all of the votes counted, the party had received only about 40 percent, falling short of winning an absolute majority for the first time since vanquishing Africa’s last white-led regime 30 years ago. With South Africans facing one of the world’s highest unemployment rates, shortages of electricity and water, and rampant crime, the governing party still bested its competitors but could not sustain the nearly 58 percent of the vote it won in the last election, in 2019. The staggering nosedive for Africa’s oldest liberation movement put one of the continent’s most stable countries and its largest economy onto an uneasy and uncharted course. The party, which rose to international acclaim on the shoulders of Nelson Mandela, will now have two weeks to cobble together a government by partnering with one or more rival parties that have derided it as corrupt and vowed never to form an alliance with it.
Persons: vanquishing, Nelson Mandela Organizations: African National Congress Locations: South Africa
Inflation has slowed in recent months, but prices are still high in many consumer categories. Heading into the summer, retailers are beginning to offer savings, especially in the grocery aisles. Here's a roundup of major stores slashing prices, including Amazon, Walmart, and Target. AdvertisementThe weather is heating up and inflation is cooling down, but prices are still high in many consumer categories. As we head into the summer, retailers are beginning to offer savings in a big way, with discounts of up to 30% on thousands of products.
Persons: Organizations: Amazon, Walmart, Service, Business
Read previewOn her porch in Pittsburgh, my hometown friend Annabel asked, "Remember when your mom yelled at my mom for calling you Jackie?" My mom didn't like my nicknameFor a decade, my mom and I fought over my nickname. I went by Jackie only in certain settings away from my momTo avoid fighting, I only went by Jackie in certain settings. Seven hours away from my mom and my past, I used my nickname with friends, professors, and supervisors. My mom's openness to Jackie helps me appreciate the elegance of Jacqueline and the fact that my mom chose it for me.
Persons: , Annabel, Jackie, untraditional, Jacqueline, we'd, — I've Organizations: Service, Business Locations: Pittsburgh
A pensioner paid $25 to find buried treasure at a hunters' rally in southwest England. After getting lost, John Belgrave came across a middle Bronze Age hoard, per The Guardian. 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 . AdvertisementA pensioner who paid $25 to look for buried treasure came across a Bronze Age hoard after getting lost during a hunters' rally, The Guardian reported.
Persons: John Belgrave, Organizations: Guardian, Service, Business Locations: England
Read previewResearchers have warned that Canadian "super pigs" could soon invade the US, potentially causing millions of dollars in damage — and four states in particular are especially at risk. The researchers used data from GPS collars on feral pigs to follow their movement patterns and determine their invasion potential. Rodger Mallison/Fort Worth Star-Telegram/Tribune News Service/Getty ImagesBrook called the super pigs an "environmental train wreck." According to USDA estimates, feral pigs already cause $2.5 billion worth of damage to US agriculture annually. So, regardless of what you've heard, it's unlikely you can shoot your way out of a super pig invasion.
Persons: , Ryan Brook, Rodger Mallison, John Kilgo, Brooks, you've Organizations: Service, Farmers, Business, University of Saskatchewan, Fort Worth Star, Tribune, USDA Forest Service Locations: Canada, Alberta , Saskatchewan, Manitoba, Montana , North Dakota, South Dakota, Minnesota, Stephensville , Texas, California, Texas, Florida, Americas, , Montana, South Carolina
Read previewFormer President Donald Trump is officially a felon. Related stories This story is available exclusively to Business Insider subscribers. Legal experts told Business Insider that Trump will more likely receive probation at his sentencing, which is set for July 11. Can Donald Trump still run for president? And he's already doubled down on trying to use Thursday's guilty verdict to his advantage.
Persons: , Donald Trump, Joe Biden, Trump, Stormy Daniels, Michael Cohen, Daniels, Cohen, baselessly, Michael Cohen's, Trump's, Biden, Kathy Griffin Organizations: Service, Trump, Business Locations: Manhattan, New York
Aircraft service provider Ameco created the "Fly-Buddy Hub," an economy concept with lie-flat beds. The six-seater design is described as a "versatile social hub" for families or business groups. Adding lie-flat beds to economy is not new, with Air New Zealand pioneering the idea back in 2011. This "versatile social hub" resembles the classic quad-seating on a train, but the tray tables retract, allowing the rows to convert into beds. This story is available exclusively to Business Insider subscribers.
Persons: Ameco, Organizations: Aircraft, Air New Zealand, Service, Ameco, Business
Pershing Square Capital Management CEO Bill Ackman is leaning to supporting Donald Trump. According to multiple reports, Ackman is considering a public announcement backing Trump. AdvertisementBillionaire investor Bill Ackman is considering endorsing former President Donald Trump, according to multiple reports. The Financial Times was the first to report that the hedge fund manager is leaning toward the former president. Ackman also supported former UN Ambassador Nikki Haley, who recently endorsed Trump after her failed GOP primary run.
Persons: Bill Ackman, Donald Trump, Ackman, Trump, , Dean Phillips, Joe Biden, Nikki Haley Organizations: Pershing, Capital Management, Wall Street titans, Service, Financial Times, Dean Phillips of, GOP, Business Locations: Dean Phillips of Minnesota
Elon Musk's X is planning a live town hall event with Donald Trump, The Wall Street Journal reported. The relationship between Trump and Musk appears to be warming up. AdvertisementElon Musk's X appears to be planning to host a live town hall event with Donald Trump. The social media platform, which has been pushing toward video content, is partnering with cable network NewsNation and will air the events on both outlets, The Wall Street Journal reported. The Journal reported that X also plans to host a similar town hall event with rival presidential candidate Robert F. Kennedy Jr.
Persons: Elon Musk's, Donald Trump, NewsNation, Musk, , X, Robert F, Kennedy Jr Organizations: Street Journal, Trump, Service, The, Business
Ukraine said it used sea drones to take out two Russian naval vessels on Thursday. It's the latest Ukrainian attack on Russia's Black Sea Fleet, which has been forced to disperse. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFootage shared by Ukraine's intelligence service on Thursday showed what it claims are two of its sea drones striking Russian naval vessels near Crimea. Ukraine intelligence said the attack on the two ships was carried out using Magura V5 drones, and that Russia tried to neutralize the drones using combat aircraft, artillery, and small arms.
Persons: Organizations: Service, Main Directorate of Intelligence, Ministry of Defense, Business Locations: Ukraine, Crimea, Russian, Russia
Trump began shaking his head 'No,' after the 5th 'guilty,' said court artist Christine Cornell. "He looked very demolished by it. AdvertisementDonald Trump looked "demolished" after being found guilty of 34 counts of felony falsifying business records, according to a veteran court sketch artist who captured the moment for history. He really did," artist Christine Cornell told Business Insider after Thursday's verdict. This story is available exclusively to Business Insider subscribers.
Persons: Trump, Christine Cornell, Cornell, , Donald Trump Organizations: Service, Business Locations: Manhattan
The 10 wealthiest sports owners collectively own 15 major sports teams. These owners include tech moguls, hedge fund managers, and heirs to massive fortunes. Forbes data highlights their diverse origins, from Walmart heirs to hedge fund managers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Today, the list of wealthiest sports team owners includes two separate heirs to the Walmart fortune, Rob Walton and Ann Walton Kroenke, along with Bill Gates' former assistant Steve Ballmer.
Persons: , Rob Walton, Ann Walton Kroenke, Bill Gates, Steve Ballmer Organizations: Forbes, Walmart, Service, Business
Swifties are "more generous" with their tips when attending a concert, Lyft's CEO said. 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 . AdvertisementTaylor Swift fans are less likely to skimp on gratuities when they're excited to see their favorite pop star perform. Lyft CEO David Risher said Swifties are good tippers when the Eras Tour comes to town.
Persons: Lyft's, Taylor, , Taylor Swift, David Risher, Risher Organizations: Service, Business
Jason Cooper discovered a stegosaurus fossil on his Colorado property in May 2022. The fossil, named Apex, is about 70% complete and could fetch up to $6 million at auction. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn his 45th birthday in May 2022, Jason Cooper was strolling through his Colorado property when he came across part of a stegosaurus bone sticking out of a rock wall. The fossil stands about 11 feet tall, spans over 20 feet long, and is about 70% complete, he told BBC News.
Persons: Jason Cooper, , Cooper Organizations: Apex, Sotheby's, Service, BBC, Business Locations: Colorado, Apex
Business Insider has spoken to financially independent real estate investors and early retirees who have used IRS rules to improve their financial situation. AdvertisementThough there are a lot of restrictions, it made sense for Cooper, who was fully committed to early retirement. "The longer it's sitting in there, the more money it's going to generate, the more taxes you're going to pay down the road. Zeona McIntyre uses 1031 exchanges to sidestep capital-gains taxes indefinitelyBoulder-based real estate investor and author of "30-Day Stay," Zeona McIntyre. There are ways to reduce your capital-gains tax liability, like deducting your property's depreciation.
Persons: , Mindy, Carl Jensen, Carl, Mindy Jensen, Mindy Jensen Colorado, they've, Eric Cooper, Eric Cooper Eric Cooper, Cooper, Zeona McIntyre, Zeona McIntyre Zeona McIntyre, you'll, McIntyre, There's Organizations: Service, Business, IRS, Independence Locations: Colorado, I'm, Boulder
A Virgin Australia flight turned around after a man ran naked through the cabin. The flight from Perth to Melbourne was already delayed over an hour before taking off. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Virgin Australia flight had to turn around after a man is said to have run naked through the cabin, The Guardian reported. Monday's flight from Perth to Melbourne was already more than an hour late taking off, according to data from Flightradar24.
Persons: Organizations: Virgin Australia, Australian Federal Police, Service, Guardian, Boeing, Business Locations: Perth, Melbourne, Flightradar24
The US and China's defense chiefs met for the first time in two years. 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 . AdvertisementUS and China defense chiefs held their first face-to-face meeting for two years amid escalating tensions over Taiwan and Ukraine. The meeting was part of a bid to repair the China-US relationship, which has become severely strained.
Persons: , Lloyd Austin, Dong Jun, Wang Yi Organizations: Service, US, National Defense, US Department of Defense, Business Locations: Taiwan, Ukraine, China, Singapore
Shannon Sharpe's interview with Katt Williams on his "Club Shay Shay" podcast is the most viewed interview in YouTube history. Since then, Sharpe has faced backlash from rumors about his sexuality to criticism from comedians. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementShannon Sharpe has become one of the country's biggest media personalities thanks to his viral interview with Katt Williams in January. The interview on his podcast, "Club Shay Shay" is now the most-watched ever on YouTube with 70 million views.
Persons: Shannon Sharpe's, Katt Williams, Shay Shay, Sharpe, , Shannon Sharpe Organizations: YouTube, Hollywood, Service, of Famer, Business
JPMorgan just published its 25th annual summer reading list. The bank suggests 11 titles it believes capture a world experiencing "radical shifts." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . JPMorgan Asset and Wealth Management's chief communications officer Darin Oduyoye touted the bank's picks as an attempt to capture a world experiencing "radical shifts." This story is available exclusively to Business Insider subscribers.
Persons: Matt Damon, , Darin Oduyoye Organizations: JPMorgan, Service, Wealth, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMrBeast is the most successful YouTuber of all time, but copying him isn't likely to yield the same results. Some have the same type of thumbnail, same overlay text, and even visit the same places Donaldson does. "His content doesn't succeed because of what you can see on the surface or flash-in-the-pan trends. Copying Donaldson will also not work because he has such vast resources that almost nobody else has access to, so any copycats are likely to be underwhelming.
Persons: , YouTuber Jon Youshaei, Jimmy Donaldson, Donaldson, Youshaei, Ryan Trahan, Ryan, Gilbert Flores, Xavier English, Supermix, he'd, Katya Varbanova, copycats, aren't, Varbanova, you'll, It's, Kaye Putnam, Putnam Organizations: Service, YouTube, Business, Getty, Xavier
We've found the biggest box-office flop from every year since 1978. 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 . Advertisement"Barbie" and "Oppenheimer" made box-office history last summer, but for every hit movie there's a flop or two waiting to happen. This story is available exclusively to Business Insider subscribers.
Persons: We've, , Oppenheimer, Guy, Max Organizations: Hollywood, Service, Hollywood Reporter, Business
From curries to noodle dishes, these Asian and Asian-American dishes can be made in a slow cooker. Chef Hugh Acheson recommends making Thai chicken soup in a slow cooker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Asian and Asian-American cuisine is exceptionally popular in the US — a 2023 report by the Pew Research Center found that around 73% of all counties in the US have at least one Asian restaurant in their vicinity. The report found that Chinese restaurants are, by far, the most popular kind of Asian restaurant, followed by Japanese and Thai establishments.
Persons: Hugh Acheson, Organizations: Service, Pew Research Center, Business
A baby went viral on TikTok for wanting to visit the Four Seasons Resort Orlando. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWho wants to go to the Four Seasons Resort Orlando? If you're on TikTok, you know that the "fully-conscious baby" — or the 1-year-old who went viral for excitedly raising her hand and cheering "me!" The luxury spot offers massive pools, views of Magic Kingdom fireworks, a nine-bedroom suite, and more.
Persons: Organizations: Orlando, Disney, Service, Business
Earlier this year, Walmart announced a new store manager pay plan that tops out at $530,000. Store manager Greg Harden told Bloomberg he "almost fainted" when he learned of it. Walmart says better pay and benefits, plus better tech, have lowered turnover among store leadership. AdvertisementWalmart made waves earlier this year when it announced it was upping pay for store managers, with some potentially able to earn up to $530,000. "I almost fainted when I found out," said Greg Harden, a Supercenter manager in Texas told Bloomberg.
Persons: Greg Harden, , Harden Organizations: Walmart, Bloomberg, Service, Business Locations: Texas, Grand Prairie , Texas, Dallas
I visited Legal Sea Foods for the first time with a friend and tried a range of its dishes. Our $112 meal felt like an amazing value, but the crab cake and lobster rolls were disappointing. The surprising stars of the meal were free rolls and dishes we ordered from the chain's sushi menu. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . One of the most famous is Red Lobster, but the casual-dining seafood chain hasn't been doing so hot and recently filed for bankruptcy.
Persons: Organizations: Foods, Service, Business Locations: Pennsylvania
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