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☆ A Neom executive reportedly complained about having a meeting on a Sunday evening after 3 workers died
▼ + stars: | 2024-09-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewA Neom executive reportedly complained about having an emergency meeting on a Sunday evening following the deaths of three employees working on Saudi Arabia's megaproject estimated to cost between $500 billion and $1.5 trillion, according to a bombshell Wall Street Journal report. Wayne Borg, a former Fox Corp executive, reportedly described Neom's blue-collar workers from the Indian subcontinent as "f—ing morons" and said "that is why white people are at the top of the pecking order." This story is available exclusively to Business Insider subscribers. Citing current and former Neom employees, the Journal reported that three workers were killed by a falling pipe, a collapsing wall, and mishandled explosives. Neom told the Journal it has a zero-tolerance policy toward inappropriate workplace behavior.

Persons: —, Wayne Borg, we've, Borg, Prince Mohammed bin Salman's, Neom Organizations: Service, Saudi, Fox Corp, Business, Journal, BBC, Neom Locations: Saudi Arabia, Saudi

☆ Could a $1.4M portrait found in a Maine attic be a long-lost Rembrandt?
▼ + stars: | 2024-09-08 | by ( Oscar Holland | ) edition.cnn.com time to read: +7 min

The auction house believes this to be the highest sum ever paid for an artwork at a Maine auction. Thomaston Place Auction GallerieLost from the recordsRembrandt scholar Gary Schwartz said a potential buyer had earlier sought his opinion on the Maine portrait. 03:09 - Source: CNNArt historian Volker Manuth, who authored publisher Taschen’s 2019 monograph “Rembrandt: The Complete Paintings,” told CNN he was also approached by a potential buyer of the Maine portrait. But inclusion in a major catalog, or the backing of a big auction house, can increase a painting’s value manyfold. Schwartz suggested that, should the Maine portrait receive similar endorsement, it might be revalued at up to $5 million.

Persons: Kaja Veilleux, ”, Veilleux, Rembrandt —, Rembrandt, Kaja, Gary Schwartz, “, Schwartz, ” Schwartz, “ Rembrandt, Volker Manuth, Taschen’s, ’, reattributed, Rembrandt ”, Sotheby’s, Winter Organizations: CNN, Philadelphia Museum of Art, Academy of Fine Arts, Radboud University, Research, Christie’s, New York Times Locations: Camden , Maine, Thomaston, Europe, Maine, Academy of Fine Arts Vienna, Netherlands, Philadelphia , Pennsylvania, Vienna

☆ Calling in sick is now a lot more complicated
▼ + stars: | 2024-09-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

But despite their industrious reputation, predominantly white-collar Americans who do receive paid time off are taking more sick leave than ever before. AdvertisementBut HR professionals told Business Insider there's another major shift affecting attitudes toward sick leave: the arrival of Gen Z in the office. He said he believed that Gen Z workers' expectations may seem unorthodox because the differences between Gen Z and millennials are starker than generational differences in the past. Pressure to keep workingIn the UK, where legislation has entitled all workers to sick pay since 1983, the issue of sick leave isn't as pertinent. How to treat a sick employeeThough some data suggests US workers are taking more sick days, they're hardly becoming slackers.

Persons: —, Gen Z, Rue Dooley, Xer, Dooley, Z, Xavier Lorenzo, Getty, Gen, Cary Cooper, Cooper, that's, they're Organizations: Service, US Bureau of Labor Statistics, Business, Society for Human Resource Management, Chartered Institute, Personnel, University of Manchester, Pew Locations: Europe, California

☆ 5 careers in the space industry that new grads should focus on, according to a VC
▼ + stars: | 2024-09-07 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A 2024 report from McKinsey & Co. estimates the global space economy will balloon to $1.8 trillion by 2035, fueled by advances in AI. Chad Anderson, founder and managing partner of Space Capital, one of the first early-stage VC firms to focus exclusively on the space economy, told Business Insider that the space economy has plenty of technical career paths available. Anderson — who's invested in dozens of space ventures, including SpaceX, moon landers, satellites, and space tech, and founded Space Talent, an online resource for jobs in the space field and tech industry — shared his perspective as a VC on the top five careers in space that are on the rise. Specifically, expect heightened demand for orbital interior designers, space suit designers, space station industrial designers, and other lifestyle consultants for long-term tourism trips and crewed platforms.

Persons: —, Chad Anderson, Anderson — who's, landers, Anderson —, Anderson, they'll, you've, it's Organizations: Service, McKinsey & Co, Space, Business, SpaceX, Talent, Software, of Defense, NASA

☆ Can't find a job? It's not you, it's white-collar America.
▼ + stars: | 2024-09-06 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +1 min

While jobs are stable for workers, it's bad news for job seekers. Go to newsletter preferences Thanks for signing up! AdvertisementIf you're struggling to find a job, perhaps you can take solace in an age-old saying: It's not you. The era of the Great Resignation and zero interest rates meant corporate America was practically handing out jobs — and big raises to boot. While skilled vocational trades like health services and construction were big drivers of job gains in August, sectors like information, which encompasses tech and white-collar fields, haven't fared as well.

Persons: —, It's Organizations: Service, Bureau of Labor Statistics, Business Locations: America

☆ Meet the influencers making blue-collar jobs cool
▼ + stars: | 2024-09-02 | by ( Natalia Osipova | ) edition.cnn.com time to read: 1 min

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☆ What to Know About the Business Execs With Mike Lynch on His Yacht
▼ + stars: | 2024-08-23 | by ( Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

The corporate world reeled this week after a superyacht carrying the British software mogul Mike Lynch, his family and associates and others sank on Monday during a violent storm off the coast of Sicily. Of the 22 people on the yacht, 15 were rescued and seven bodies were recovered, including that of Mr. Lynch, an official in the Italian city of Palermo confirmed. The bodies of two other prominent business figures — Christopher J. Morvillo, a top white-collar defense lawyer, and Jonathan Bloomer, the chairman of Morgan Stanley International — were among those recovered. Others who were missing but whose bodies have now been recovered are Hannah Lynch, Mr. Lynch’s 18-year-old daughter; Mr. Morvillo’s wife, Neda Morvillo; and Mr. Bloomer’s wife, Judy Bloomer. Image Christopher J. Morvillo in New York in 2011. Credit... Scott Eells/BloombergChristopher MorvilloMr. Morvillo, 59, was a partner at Clifford Chance, the international law firm.

Persons: Mike Lynch, Mr, Lynch, — Christopher J, Jonathan Bloomer, Morgan Stanley, —, Hannah Lynch, Lynch’s, Morvillo’s, Neda, Bloomer’s, Judy Bloomer, Recaldo Thomas, Christopher J, Morvillo, Scott Eells, Bloomberg Christopher Morvillo Mr, Clifford Chance, Robert, Martha Stewart Organizations: Morgan, Bloomberg Locations: British, Sicily, Italian, Palermo, New York

☆ China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
▼ + stars: | 2024-08-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Comparable store sales, a key measure for the restaurant industry, were down 14% in its most recent quarter. Sales slumpStarbucks' comparable store sales in China have been incredibly volatile over the past five years. But in recent months, they've been hit by cautious consumer spending and increased competition, then-CEO Laxman Narasimhan told investors in July. Luckin Coffee, Starbucks' biggest rival in China, has nearly three times as many stores as Starbucks in the country after monumental unit growth. "We're not interested in entering the price war," Starbucks China CEO Belinda Wong told investors in January.

Persons: —, Brian Niccol, they've, Laxman Narasimhan, Narasimhan, Sherri, Kearney, Luckin, McCafe, KFC's, Dave Xie, Oliver Wyman, Xie, latte, We're, Belinda Wong, Wong, it's, Brian Yarbrough, Edward Jones, Liu Ying Organizations: Service, Starbucks, Business, Bank of America, Bloomberg, Publishing, Getty, Reuters Locations: China, Beijing, Shanghai, Seattle, Luckin, Cotti, Xinhua

☆ An attorney who helped acquit missing tech tycoon Mike Lynch among those feared dead in superyacht disaster
▼ + stars: | 2024-08-19 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmong those missing and feared dead in the aftermath of the sinking of "Bayesian," a sailing yacht linked to British technology magnate Mike Lynch, are Lynch's attorney Christopher Morvillo and Morvillo's wife, according to a colleague. He said the news came shortly after he learned that Lynch's codefendant Chamberlain was killed, struck by a car while jogging on Saturday. Another attorney at the firm, Ayla Ronald, is reportedly among those who survived the yacht's sinking.

Persons: —, Mike Lynch, Christopher Morvillo, Lynch, Gary Lincenberg, Lynch's, Stephen Chamberlain, Morvillo, Lynch's codefendant Chamberlain, Chris, Lincenberg, Chamberlain, Clifford Chance, didn't, Ayla Ronald Organizations: Service, Autonomy, Hewlett, Packard, Business Locations: Sicily, Manhattan, New York

☆ Move over dealmakers: Portfolio-company operators are the rising stars of private equity
▼ + stars: | 2024-08-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Read previewDealmakers have always been the stars of private equity. AdvertisementKevin Desai, partner and private equity sector leader at PwC PWCBut in the current climate, portfolio-operations professionals are gaining esteem. AdvertisementPrivate equity 3.0Rising interest rates nearly two and a half years ago ushered in a new economic reality that hit private equity firms right in the pocket. Since private equity relies on debt to boost returns, the first option is off the table. These people are taking their talents to private equity firms to manage smaller companies using an already proven playbook for technological transformation.

Persons: —, you've, Marc Rowan, Rowan, Kevin Desai, Desai, I've, What's, they're, quants, we've Organizations: Service, Business, PricewaterhouseCoopers, University of Chicago, Walmart, Nike, Harvard Business Locations: dealmaking

☆ How Harris is reversing Biden’s biggest weakness in the campaign
▼ + stars: | 2024-08-13 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +16 min

Trump’s plan for blunting Harris’ momentum, some Democrats believe, could reprise elements of the 1988 presidential campaign that George H.W. “I think the Harris campaign has to be prepared for it.”The two sides are already hotly contesting the terrain of strength. Celinda Lake, a Democratic pollster who conducted surveys for Biden’s 2020 campaign, said his strength deficit to Trump had become a nearly insurmountable obstacle for his 2024 campaign. The surveys have also found a huge gender gap in the assessments of whether Harris and Trump are strong. Most important, voters have reached these initial assessments of Harris’ strength before Republicans have really begun their campaign to portray her as weak.

Persons: CNN — Kamala Harris, Donald Trump, Joe Biden, –, Harris, Trump, ”, Democratic pollster Evan Roth Smith, “ Kamala Harris, …, it’s, blunting Harris, George H.W, George H.W . Bush, Lee Atwater, Michael Dukakis, Tad Devine, Dukakis, “, She’ll, ” Trump, ” Harris, Kamala Harris, Biden —, Biden, Nancy Pelosi, Nikki Haley, Marquette, “ Trump, Whit Ayres, Ayres, Harris blunts, ” Lake, “ Joe Biden, White, she’ll, MAGA, Devine, Republicans pilloried Dukakis, Willie Horton, Horton, Bush, ” Devine, ” Ayres, won’t, Roth Smith, ’, Hulk Hogan, Kid Rock, Dana White Organizations: CNN, White, Voters, Democratic, Massachusetts Gov, Trump, Fox News, Marquette Law School, Biden, Marquette Poll, CBS, New York Times, Gallup, Republican, Siena, Republicans, MAGA Inc, Politico, ”, Fighting Locations: George H.W ., Marquette, Siena, Michigan , Pennsylvania, Wisconsin, Celinda, Massachusetts, San Francisco, California, “ San Francisco

☆ These Pennsylvania voters illustrate Harris’ suburban challenge
▼ + stars: | 2024-08-12 | by ( John King | ) edition.cnn.com time to read: +11 min

“A ‘Never Trump’ Republican,” Carty said. “When Biden was on the ticket, I was going to vote for Trump,” Carty said. “Definitely I have more friends saying they’re leaning toward Harris,” Carty said. “My street was rock-ribbed Republican,” Sabatini said in an interview at her home in Media, Pennsylvania. And I don’t plan to vote for him in 2024.”The question is, will she vote for Harris or cast another write-in ballot?

Persons: Bala, Pennsylvania CNN — Carol Carty, Ronald, Reagan, ” Carty, “, Donald Trump, –, it’s, Hillary Clinton, Joe Biden, Trump, Carty, Biden, …, Kamala Harris, Nikki Haley, Harris ’ ascendance, Carol Carty, CNN “, Carty isn’t, Harris, Ohio Sen, JD Vance, Vance, Walz, “ I’m, ”, she’s, Harris ’, Tim Walz, ‘, Harris Cynthia Sabatini, ” Sabatini, George H.W, Bush, Sabatini, Susan Collins of, ” Biden, Harris “, … There’s, ” Joan London, Haley, London, “ I’ve, Condoleezza Rice, Ann Coulter, Elizabeth Dole, Michael Pesce, ” Pesce, It’s, Pesce, John King, ” Harris Organizations: Pennsylvania CNN, today’s Republican Party, Republican Party, Republican, Democratic, GOP, Trump ’ Republican, Trump, CNN, South Carolina Gov, Reagan Republicans, Republicans, Minnesota Gov, ”, Pennsylvania, White, Democratic Party, Bucks County . CNN Locations: Bala Cynwyd, Pennsylvania, Philadelphia, Montgomery County, Bala, Harris . Pennsylvania, Shore of Maryland, Delaware County, Media , Pennsylvania, Susan Collins of Maine, London, Berks County, Republican County, Newtown, Bucks County, Bucks County .

Ms. Harris dropped in on each one, in descending order of price and intimacy, as donors enjoyed peach mimosas and shrimp cocktails before her remarks in the grand ballroom. The Harris campaign is immediately being more intentional at courting this community, dispatching aides to meet with affinity groups representing venture capitalists and the cryptocurrency industry. And she has hired additional fund-raising aides with ties to the Bay Area who helped organize Sunday’s event. Ms. Harris also has connections that Mr. Biden simply does not. Josh Becker, who represents much of Silicon Valley in the California Senate and is close with many industry heavyweights, said he had hosted Ms. Harris in his home two decades ago.

Persons: Joe Biden, Kamala Harris, Biden, Harris’s, givers, Harris, ”, “ Harris Walz ”, Donald J, Trump, podcaster David Sacks, Sacks, Sheryl Sandberg, Laurene Powell Jobs, Steve Jobs, Josh Becker, Becker, ” Mr, Jason Henry, Nancy Pelosi, Jeffrey Katzenberg, Tom Steyer, Liz Simons, John Doerr, Reid Hoffman, Steve Westly, Getty, scions, Westly, Harris “, Eleni Kounalakis, —, ” Lateefah Simon, “ Kamala Harris, Simon, “ She’s, Ms, Ron Conway, Steve Spinner, Barack Obama’s, Hopkins, Mr, Spinner Organizations: Sunday, Obama, Bay Area, Facebook, Apple, San, California Senate, The New York Times, Biden, Area, InterContinental Locations: San Francisco, Nob, Woodside, Menlo, California, Pacific Heights, Silicon Valley, Versailles, Bay

☆ She grew up in Ukraine, studied accounting, and joined the army. But since Russia invaded, she did a hard career pivot — twice.
▼ + stars: | 2024-08-12 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +7 min

Kuzmina, 32, is training to be an electrician in Kamianske, a city in eastern Ukraine. Because of worker shortages in fields like driving, mechanical work, and road work, the Ukrainian government launched a program that provides women with training vouchers. But Ukrainian women must still contend with employers and even family members who aren't always on board with more women taking traditionally male jobs. But soon after Russia invaded Ukraine in February 2022, Kuzmina's commander disbanded the unit because of a lack of resources. Ukrainian President Volodymyr Zelenskyy said last month that Russia had damaged or destroyed more than half of Ukraine's power generation.

Persons: —, aren't, Kuzmina, Yuliia Kuzmina, Volodymyr Zelenskyy, Yana Lukashuk, Lukashuk, Olga Kupets, Kupets, shubhangigoel@insider.com Organizations: Service, Business, Army, Ukrainian Army, Donbas Battalion, Kuzmina's, Locals, Kyiv School of Economics Locations: Kamianske, Ukraine, Russia, Ukrainian, Torestsk, Kyiv, Soviet

☆ Lionel Richie’s outfit at the 1984 Olympic Games was one of the most ’80s outfit ever
▼ + stars: | 2024-08-11 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —Remember when Lionel Richie, flanked by 1984’s finest pyrotechnics, closed out the LA Olympic Games wearing an entirely beaded jacket? The unforgettable blue and silver beaded jacket he wore to the 1984 Olympics was cropped at the hips, with a silver piping around the collar and sleeves. “When I came into the business the only man in a beaded jacket was Liberace,” Whitten told the LA Times in 1990. “At that particular time, I was launching ‘All Night Long,’ and it just happened to be at the 1984 Olympics, and of course, you just can’t beat the color. Stood atop a shimmering gold podium in his luminous beaded jacket, it’s clear Richie was also going for gold.

Persons: Lionel Richie, ’, Richie’s, “, Anthony Thomas Melillo, Richie, Bill Frank Whitten, Michael Jackson, Elton John, Whitten, Michael Jackson’s, Billie Jean ”, Liberace, ” Whitten, Tina Turner, Madonna, Bruce Springsteen, ”, let’s Organizations: CNN, LA, Games, Commodores, Associated Press, Vegas, American Idol, Getty, LA Times, Hall of Fame, Coveteur Locations: Cleveland , Ohio

☆ Harris Appeals to Tech Leaders in a Return to San Francisco
▼ + stars: | 2024-08-11 | by ( Theodore Schleifer | ) www.nytimes.com time to read: +1 min

Vice President Kamala Harris, whose political career was born in San Francisco two decades ago, on Sunday returned to the city for the first time since clinching the Democratic presidential nomination, hoping to reset relations with a tech community that has soured some on President Biden. Ms. Harris’s late-morning event raised $13 million from the region’s white-collar establishment that counts her as their own. But her trip was as much a rally as a fund-raiser, with about 700 people piling into the Grand Ballroom of the Fairmont Hotel atop Nob Hill. (Some donors with a connection or two found a way, as they do, to skip the line.) Ms. Harris dropped in on each one, in descending order of price and intimacy, as donors enjoyed peach mimosas and shrimp cocktails before her remarks in the grand ballroom.

Persons: Joe Biden, Kamala Harris, Biden, Harris’s, givers, Harris Organizations: Sunday Locations: San Francisco, Nob, Woodside, Menlo

☆ Tim Walz is dressing the part — and it's exactly what Harris needs
▼ + stars: | 2024-08-10 | by ( Alice Tecotzky | Geoff Weiss | ) www.businessinsider.com time to read: +5 min

The now-viral video cuts between Walz, holding his phone on a chair, and Harris, sitting in an office. Moreover, it's an aesthetic that could squarely appeal to the very voters Harris needs, experts told Business Insider. "Tim Walz is one of the few politicians who looks good in casual wear and also looks natural in it," Guy told Business Insider. Tom Williams"When he does the folksy thing, he's actually at the upper bound of folksy, and when he's in a suit he's in the lower bound of suit," Higonnet said. A perfect foil to Harris' polishThe Harris campaign is counting on Walz to court voters associated with the clothing he wears, particularly those hailing from the Blue Wall states of Michigan, Wisconsin, and Pennsylvania.

Persons: —, Kamala Harris, Tim Walz, Walz, Harris, LL, Derek Guy, Guy said, Guy, Donald Trump Jr, Walz doesn't, he's, Anne Higonnet, Tom Williams, Higonnet, they're, San Francisco, Donald Trump, JD Vance, Gwen, Vance Organizations: Service, Business, . Star Tribune, Getty, Barnard College, Democrats, Multicultural, Star Tribune, Yale Law School Locations: Minnesota, Michigan , Wisconsin, Pennsylvania, Francisco, New York, San, San Francisco and New York, America

☆ Trump, Harris deploy running mates to wage class warfare over 'what Middle America is'
▼ + stars: | 2024-08-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

Tim Walz, the Democratic vice presidential candidate, speaks during a campaign rally with Democratic presidential candidate Vice President Kamala Harris, in Philadelphia, Aug. 6, 2024. Kevin Lamarque | ReutersWith their running mate selections, former President Donald Trump and Vice President Kamala Harris have opened up a new front in the battle for the White House: winning over the average Joe. The Democratic vice presidential candidate, Minnesota Gov. As news outlet NOTUS put it: "Kamala Harris Has a Scranton Problem." Joe Raedle | Getty ImagesA Harris campaign spokesman declined to comment on the Trump campaign's email.

Persons: Tim Walz, Kamala Harris, Kevin Lamarque, Donald Trump, Joe, Trump, Harris, haven't, Republican Sen, JD Vance, Ohio, Walz, Vance, JD, Sen, Adam Bettcher, " Walz, Walz's, Brendan Smialowski, It's, William Howell, Howell, Joe Biden, Minnesota Gorvernor Tim Walz, Tiffany, Kamala pisses, Joe Raedle Organizations: Minnesota Gov, Democratic, Reuters, White, San, Democratic Minnesota Gov, Republican, Yale, NMC, Wollard, Getty, Silicon, Afp, University of Chicago, Minnesota, U.S . Marine Corps, Yale Law School, Senate, Trump, Mar Locations: Minnesota, Philadelphia, San Francisco, Eau Claire , Wisconsin, America, Nebraska, Michigan, University's, Scranton , Pennsylvania, California, Scranton, Philadelphia , Pennsylvania, U.S, Ohio, Palm Beach , Florida

☆ Dolce & Gabbana launch new perfume – for dogs
▼ + stars: | 2024-08-05 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —Not content with dressing the top dogs of the music scene, from Beyoncé and Usher to Christina Aguilera, Dolce & Gabbana now has its sights on making actual dogs that bit more stylish. Inspiration for the product that the world didn’t know it needed came from the “unconditional love” that Domenico Dolce – one half of the famous designer duo – has for his “loyal dog Fefé,” according to the company’s website. A series of well-groomed dogs appear on camera in a promotional film on the D&G website. As classical music plays in the background, a narrator says: “I am delicate, charismatic, authentic, sensitive, enigmatic, rebel, fresh, irresistible, clean. British designer Anya Hindmarch features a dog poop-bag-holder charm on her website for £135 ($172).

Persons: Usher, Christina Aguilera, Dolce, Gabbana, Domenico Dolce –, –, Fefé, Ylang, perfumer Emilie Coppermann, Fefé ”, “, I’m, ”, Anya Hindmarch Organizations: CNN, Gabbana Locations: Beyoncé, British

☆ Our bend-don't-break economy is reaching its limit
▼ + stars: | 2024-08-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, interest-rate cuts are almost certainly coming, but the relief won't be felt immediately . The big storyCrash landingKevin Dietsch/Getty, Tyler Le/BIOur bend-don't-break economy might finally have reached its limit. After a year of resiliency in the face of high interest rates, the cracks are showing in the US economy. But it's not a silver bullet, and the rate cut's effect will take time to make its way through the economy.

Persons: —, Kevin Dietsch, Tyler Le, it's, Chelsea Jia Feng, Claudia Sahm, Madison Hoff, McDonald's, Jared Siskin, Bobby, Jordan Grumet, Justin Best, Brian Stauffer, Michal Kosinski, Rob Price, sompong, Seng kui Lim, Getty, Joe Biden's, Elon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Relief, Getty, Fed, Amazon, Big Tech, Madison, Park Conservancy, Citadel, FIRE, Union Square Advisors, Nvidia, America Locations: resiliency, Central, Switzerland, Canada, Park, Paris, New York, London

☆ Blue-collar entrepreneurs say it's getting harder to turn a profit as competition for 'sweaty startups' heats up
▼ + stars: | 2024-08-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +13 min

Sweaty startups are blue-collar businesses, often in unglamorous or laborious fields like septic services, car washes, or lawn care. It's what your grandparents would've just called a small business, but it was a tongue-in-cheek answer to the Silicon Valley-style entrepreneurship being glorified in culture at that time. Still, some small businesses look to private equity to scale their businesses in different markets, even if that means overhauling operations in some cases. "Small businesses partner with private-equity firms because they provide access to capital and organizational support to help companies grow," Drew Maloney, the council's president and CEO, told BI. Alejandro FlorezBoth of his parents were janitors, and when he was a senior in high school he started a small cleaning company that he grew by knocking on doors and cold-calling.

Persons: —, Patrick Hocker, Hocker, he'd, Nick Huber, would've, Huber, he's, Drew Maloney, Stan Chen, Chen, Alejandro Florez, Florez, Chris Salisbury, BuzzFeed — Salisbury, Salisbury Organizations: Service, Business, Bluebird Pest Solutions, Pest, Alpine Investors, American Investment Council, BlackRock, America Locations: Virginia, Pest, Boston, San Francisco, America, Bradenton , Florida, Jacksonville, Orlando, nuDoors, Brooklyn , New York

☆ I floundered in white-collar jobs until I found my calling as an electrician in my 40s
▼ + stars: | 2024-08-01 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a transcribed conversation with Rachel Hoobing, a 50-year-old electrician in San Francisco. I found it very stressful and decided to leave in May 2012 and apply for an electrician apprenticeship. In 2015, I got my electrical trainee card, which meant I could do some non-union work as an electrician. I applied for an electrical apprenticeship with a union in 2016, when I was 43, and started the following year. AdvertisementI work for a union as an electricianI became a union electrician at the end of my five-year apprenticeship in 2021.

Persons: —, Rachel Hoobing, I'd, wasn't Organizations: Service, Business, Jobs Corps, Department of Labor, Job Corps, Home Depot Locations: San Francisco, arborists

☆ I shopped at Urban Revivo, Asia's answer to Zara. I'm a convert, but experts say Zara has nothing to worry about — yet.
▼ + stars: | 2024-07-31 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +7 min

Urban Revivo's fits felt way better than Zara'sThe author trying out basics from Zara and Urban Revivo. In contrast, Urban Revivo felt like it had intentionally curated its space with a flow in mind. Aditi BharadeUnlike Zara's bright lights, Urban Revivo was lit more dimly, creating a more relaxed environment. "Urban Revivo has a variety of products, but there is a 'sophomoric' feel to it," Angel said. They also say that it's too early to determine if Urban Revivo will be a true threat to Zara.

Persons: —, Urban, Zara —, Aditi Bharade, Revivo, Zara, Urban Revivo, de Matos, Zara doesn't, Marcie Cooperman, Gregory Angel, Parsons, Angel, Cooperman, Braz de Matos, Richard Tang, Tang, gunning Organizations: Service, Business, Zara, Urban, Fish Lab, Parsons School of Design, Flying Fish Lab, Fashion Momentum Locations: Zara, China, Southeast Asia, New York, London, Israel, Gaza, Jewel, Urban, cardigan, Singapore

☆ Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs
▼ + stars: | 2024-07-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China's Zhejiang province on May 14, 2024. DETROIT – Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits. The company, which reported disappointing first-half results last week, said if not enough employees participate in the buyout program, involuntary terminations could follow. Stellantis confirmed the buyout program, which was first by Automotive News, early Tuesday afternoon. Stellantis last conducted a voluntary buyout program in November, offering the deals to roughly half of its U.S. white-collar employees.

Persons: Carlos Tavares, headcount, Stellantis, excessiveness, Tavares Organizations: DETROIT –, U.S, Automotive News, Fiat Chrysler, France's PSA Groupe, CNBC Locations: Leapmotor, Hangzhou, China's Zhejiang province, Italy

Mr. Vance’s stumbles have come after a remarkable two weeks when Mr. Trump survived an assassination attempt, and then rallied the party — and even some skeptics — behind him. Then, in a sense, Mr. Trump and Mr. Vance were the victims of that success. Image Mr. Vance, center right, and Mr. Trump at the Republican National Convention earlier this month. Some of Mr. Vance’s comments on some conservative podcasts veered into serious policy critiques that trucked in antisemitic tropes and racial stereotypes. Still, the Harris campaign was happy with the bruises they had inflicted.

Persons: JD Vance, Ohio, Donald J, Vance, Trump, deriding, Vance’s, Harris, “ I’ve, ”, —, Kamala Harris, Biden, Doug Mills, pushback, Dave Portnoy, Steven Cheung, “ We’re, Jean Carroll, Jennifer Aniston, Tucker Carlson, they’ve, Hillary Clinton’s “, Rupert Murdoch, Doug Burgum, Hiroko Masuike, Carlson, Harris’s, “, Mr, Kelly, ” George Soros, Soros, Taylor Van Kirk, Brian Schatz, Chris Murphy, Trump’s, Marco Rubio, ” Mr, Rubio, they’re, ” Sarafina Organizations: Trump, Democratic, Republican National Convention, Republican, New York Times, Barstool Sports, Publicly, Fox News, The, Mr, Credit, CNN, Democrat, Democratic National Committee Locations: Ohio, Middletown , Ohio, Milwaukee, New York, North Dakota, SiriusXM, Columbus, California, Hawaii, Connecticut, Florida

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