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Read previewMoscow is adopting the Chinese yuan-to-ruble exchange rate as its benchmark currency pair after the US expanded sanctions against Russia on Wednesday, the country's central bank said on Thursday. The new US sanctions prompted the Moscow Exchange to end dollar and euro trading on Thursday, causing confusion — since the exchange rate is now opaque. Related storiesRussia's central bank appeared to seek to calm the market in a statement on Thursday. AdvertisementThe central bank added in its statement to Russia's RBC News that the yuan has become "the main currency" on the Moscow Exchange. It will "set the trajectory for other currency pairs" and be the guideline for market participants, the central bank said.
Persons: , Vladimir Putin, Russia — Organizations: Service, Russia, Business, TASS, RBC, Moscow Exchange Locations: Moscow, Russia, Ukraine, Russia's
Kate Middleton will attend the 2024 Trooping the Colour parade in London on Saturday. The celebration in honor of King Charles' official birthday is Kate's first royal event in 2024. AdvertisementKate Middleton is set to attend her first royal event in 2024 this weekend, she announced on Instagram. The Princess of Wales will join other senior members of the British royal family, including King Charles III and Queen Camilla, at Trooping the Colour on Saturday. The annual event marks the sovereign's official birthday.
Persons: Kate Middleton, King Charles, she's, , King Charles III, Queen Camilla, Kate Organizations: Service, Business Locations: London, Wales
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Restaurants raised prices to offset the new wageCalifornia raised its minimum wage for workers at limited-service restaurants to $20 an hour on April 1. To offset their higher labor costs, restaurants have raised prices, turned to technology and automation like order kiosks, and considered reducing their opening hours. In-N-Out told KTVU that it had raised prices "incrementally" on April 1. Californian residents are divided: Some acknowledge that fast food is a tough gig and support the new minimum wage, while others say it will push prices up too much.
Persons: , Burger King, Hottovy, Jack Organizations: Service, Golden State, Business Locations: Burger, California, Golden, Placer.ai, McDonald's
"Bridgerton" season three wrapped up Penelope and Colin's love story — but its finale set up a revelatory future for Francesca Bridgerton that's a major divergence from the books. For those who have been praying for one of the Bridgerton siblings to get a queer storyline, season three delivered. Francesca Bridgerton marries John Stirling in the season three finale of "Bridgerton." Emma Naomi as Alice Mondrich and Martins Imhangbe as Will Mondrich in "Bridgerton" season three. Brownell told Glamour that despite the change from Michael to Michaela, she still plans to "honor" the book on television.
Persons: , Penelope, Francesca Bridgerton that's, Benedict Bridgerton, Lady Tilley Arnold, Francesca, John Stirling, Earl of Kilmartin, Penelope Featherington's, Michaela Stirling, Masali Baduza, Michaela, Michael, John's, Francesca's, He's, John, Francesca Bridgerton, Liam Daniel, Jess Brownell, Glamour, " Brownell, Benedict befriends, Henry Granville, who's, Granville, Benedict, Queen Charlotte, queen's footmen, Reynolds, Sam Clemmett, Freddie Dennis, Brimsley, Young Reynolds, Nick Wall, Hugh Sachs, Brownell, Francesca miscarries, he's, congrats, Kent, Lady Kent's, Emma Naomi, Alice Mondrich, Martins Imhangbe, Will Mondrich, Netflix Michaela, sequester, she'll, it's heartening Organizations: Service, Business, Netflix Locations: London, Queen, England, India, John's
South African actor Masali Baduza joins the cast of "Bridgerton" as Michaela Stirling. Baduza makes her first appearance in the season three finale. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarning: Major spoilers ahead for season three of "Bridgerton" and the book "When He Was Wicked." This story is available exclusively to Business Insider subscribers.
Persons: Masali Baduza, Michaela Stirling, Baduza, , Colin Bridgerton, Luke Newton, Penelope Featherington, Nicola Coughlan, Julia Quinn's Organizations: Service, Business
On a recent road trip across the American West, I made a stop at The Gold King Mine and Ghost Town. The ghost town is part of the mining town of Haynes, Arizona. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI will never turn down a visit to a ghost town. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Town, Service, Business Locations: Haynes , Arizona, Colorado
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJohnny Depp had some stiff competition to land his now-iconic role in Tim Burton's "Edward Scissorhands." Related storiesDepp said in the docuseries even Tom Cruise "was not far away from actually playing Edward Scissorhands — true story," according to People. Barry King/WireImage/Getty"He's never going to cast me when everyone in Hollywood is after the part," Depp recalled in the docuseries.
Persons: , Johnny Depp, Tim Burton's, Edward Scissorhands, Burton, Depp, Tom Hanks, Michael Jackson, Tom Cruise, Edward Scissorhands —, Burton —, Barry King, He's, I'm, Ed Wood, Charlie, Alice Organizations: Service, Business Locations: Hollywood, Wonderland
"Bad Boys: Ride or Die" was the No. AdvertisementSmith pulled off his comeback by laying low and focusing on the movieWill Smith and Martin Lawrence in "Bad Boys: Ride or Die." He only returned to social media again while making "Bad Boys: Ride or Die." AdvertisementWith Smith focusing solely on the movie, fans were reminded again of Will Smith, the movie star, not Will Smith, the maybe-still-controversial celebrity. Suddenly, Marcus slaps Mike across the face, screaming, "Bad boy, Mike, bad boy!!"
Persons: , Will Smith's, Will Smith, Serena, Venus Williams, King Richard, he'd, Chris Rock, Jada Pinkett, Smith, Chris Pizzello, Oppenheimer, It's, Bob Bagby, Martin Lawrence, Paul Dergarabedian, Weeks, Lawrence, influencers, Max, Guy, Mike, Marcus, Brian Schultz Organizations: Service, Business, Dolby Theatre, B, Dallas, American, Miami, Sony, Apple, NBA, LOOK Locations: Los Angeles, Crenshaw
Read previewIndian Prime Minister Narendra Modi this week secured a historic third term in office — and it's likely to intensify India's economic rivalry with China. Both India and China will be focused on manufacturingTo reach its goal, Modi's India will likely be going big on manufacturing. Companies are diversifying their operations outside China to avoid over-relying on one country, and India is aiming to be the new China. AdvertisementIndia's foreign policy toward China is unlikely to change following Modi's re-election, Ivan Lidarev, an Asian security scholar at King's College London, told Channel NewsAsia. "I think India has strived to position itself as a leader of the global south, and of course, China wants this position," added Lidarev.
Persons: , Narendra Modi, David Lubin, Modi, Xi Jinping, Bharat, Lubin, Raghuram Rajan, NPR's, Rajan, It's, William Lai's, Mao Ning, Ivan Lidarev Organizations: Service, London, Business, South, Central Bank of India, EV, King's College London, West Locations: , China, Asia, India, Vietnam, Bangladesh, Malaysia, Delhi, Taiwan, Beijing
I tried the cheapest cheeseburgers at McDonald's, Burger King, and Wendy's. I thought Burger King's cheeseburger was the most flavorful and best value. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe price of the fast-food burger has risen over the years. Average fast-food menu prices have risen between 39% and 100% since 2014, and McDonald's prices have doubled in those 10 years, according to a May report by FinanceBuzz.
Persons: Burger King, Burger, cheeseburger, Organizations: Service, Business Locations: McDonald's, Burger
Was it when Alicent Hightower placed her son Aegon II on the throne? Was it when Alicent's second son, Aemond, killed Rhaenyra's son, Lucerys Velaryon, on dragonback? AdvertisementEwan Mitchell as Aemond Targaryen in "House of the Dragon" season two. Tom Glynn-Carney as Aegon II Targaryen in "House of the Dragon" season two. "House of the Dragon" season two premieres June 16 on HBO.
Persons: , Rhaenrya Targaryen, Alicent Hightower, Alicent's, Aemond, Rhaenyra's, Lucerys, Rhaenys, Ewan Mitchell, Ollie Upton, Lord Corlys Velaryon, Aegon's, Rhaenyra, Emma D'Arcy's, Rhaenrya, Olivia Cooke, grapples, Jacaerys, Joffrey, Theo Whitman, Tom Glynn, Carney, Laena Velaryon's, Baela, Matt Smith's Daemon, willy, nilly Organizations: Service, Aegon, Business, Great Council, HBO, Greens
Amangiri Resort in Utah is offering permanent residences for the first time. The resort, known for hosting celebrities, is building 12 permanent residences. The lots alone cost anywhere from $5 million to $12.5 million, The Wall Street Journal reported. AdvertisementThe secluded, luxury resort in the Utah desert frequented by A-listers isn't just for opulent getaways anymore — now it can be your home too. Amangiri, a resort hotel in southern Utah near the Arizona border, is offering permanent residences for the first time in its 15-year history, according to a new report in The Wall Street Journal.
Persons: , Sarika Organizations: Street Journal, Service, Street, Business Locations: Utah, Arizona
This was the same problem that partially brought Nazi Germany to its knees, wrote Hamish de Bretton-Gordon and James Holland in a commentary published on Wednesday by The Telegraph. They recalled how Nazi Germany had obsessed over the quality of its tanks, chiefly the King Tiger, but meanwhile only managed to produce less than 500 of them. AdvertisementIn total, Nazi Germany built just under 50,000 tanks during the war, while the US built over 100,000. The sheer numbers made a difference in World War II, and they'll make a difference now, de Bretton-Gordon and Holland wrote. Russia's mass-production gameIn June 2023, de Bretton-Gordon praised British armor for its quality in his commentary on the war in Ukraine.
Persons: , Hamish de Bretton, Gordon, James Holland, de Bretton, Holland, that's, King Tiger, Sherman, Bretton, Rishi Sunak, Volodymyr Zelenskuy, Andrew Matthews, what's, laud Organizations: Service, British Army, The Telegraph, Business, CBRN, Nuclear Regiment, Gordon, Soviet Union, Challenger, UK Defense, 1st Royal Tank Regiment, Russia's Locations: Britain, Nazi Germany, Holland, Germany, Soviet Union, Kursk, Lulworth , Dorset, England, Ukraine, Russia, China, British, Moscow
Read previewActor Trina McGee has announced she is pregnant at the age of 54, as part of a growing trend of women having children at a time more often associated with menopause. McGee, who played Angela Moore on the popular 1990s sitcom "Boy Meets World," announced on Monday that she is expecting her fourth child. She wrote on Instagram: "At the tender age of 54, I have found myself pregnant. She said she fell pregnant despite having had her "tubes tied" and being a year into menopause. "Having a child at my age is not a big deal for the rest of the world outside America," she said.
Persons: , Trina McGee, McGee, Angela Moore, Marcello Thedford, Courtland Davis, they're, Dr, Alan Decherney, Sophie King, King, Naomi Campbell, Cameron Diaz Organizations: Service, Business, National Center for Health Statistics, University College London, National Center, Integrative, People, National Institutes of Health Locations: Belize, America, Health
The Central Florida tourism board will vote on a development plan with Disney next week. The proposed development deal could allow Disney to expand its existing Florida properties. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLocal businesses are throwing their support behind Disney's $17 billion development deal, saying it could invigorate the local economy and boost sales. The Central Florida Tourism Oversight District's board of supervisors discussed the pending development deal in a 25-minute meeting on Wednesday at its Lake Buena Vista headquarters.
Persons: , Ron DeSantis Organizations: Disney, Service, Disney's, Central, Central Florida Tourism, Business Locations: Central Florida, Florida, Buena Vista
AdvertisementThe media giant, which owns Paramount Pictures and CBS, has been in the news as an acquisition target since late last year. Skydance might not be as recognizable a name, but the company's owner and CEO David Ellison is. It's "is Paramount big enough to survive on its own?" The rush to corner the market on data centers is a move by Big Tech to secure the keys to the coming AI kingdom. Big Tech, finance, and consulting jobs are becoming harder to come by, upending the job search for young people.
Persons: , Donald Trump, Rebecca Zisser, Warner, David Zaslav, Byron Allen, David Ellison, Larry Ellison, he's, Phillip Faraone, Peter Kafka, That's, Larry Ellison's, Alyssa Powell, Savita Subramanian, Gary Shilling, Kitty, Keith Gill, Arif Qazi, Jason Zander, they'll, Apple's, Siri, Dominic Bugatto, that's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Paramount, Business, Paramount Pictures, CBS, RedBird Capital Partners, KKR, Warner Bros . Discovery, Sony, Hollywood, Getty, Tech, Bank of America, Wall Street, GameStop, Google, Microsoft, Big Tech, BI, Washington Post, Hewlett Packard Enterprise Locations: China, India, Texas, New York, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementKing Charles, then Prince of Wales, and Prince Andrew, Duke of York in 2017. But as things stand, life at Royal Lodge is set to become increasingly cold and uncomfortable for the duke." Some royal insiders, the newspaper noted, have dubbed the standoff between the brothers "the siege of Royal Lodge." AdvertisementRepresentatives for the King and the Duke of York did not respond to a request for comment from Business Insider sent outside regular working hours.
Persons: , King Charles, Duke, York, Jeffrey Epstein, King, Andrew, Prince of Wales, Prince Andrew , Duke, Max Mumby, Duchess of Sussex, Virginia Giuffre, Epstein, Queen Elizabeth, Mother, Sarah Ferguson, Sarah, Charles won't, turfing Organizations: Service, Prince, Times, Business, British, The Times, Business Insider Locations: London, Royal, Windsor Great Park, Windsor Castle, Windsor, Virginia
AdvertisementThe already-frenetic SEO community went into overdrive, with social-media sites and industry forums buzzing over the trove. "This is another level of war between SEOs and Googlers," said Lily Ray, ​​a vice president at the SEO agency Amsive. Those crawlers are designed to ensure Google's search results return the most relevant and up-to-date information to the user. Some business owners have reported catastrophic website-traffic drops following two recent major Google Search algorithm updates in the span of months, while sites such as Reddit and Quora have flooded the top of search results pages. Google's response was met with an equally dubious one from the search community.
Persons: , Lily Ray, ​ ​, Erfan Azimi, Azim, we've, Azimi, We've, Gareth Hoyle, SEOs, Prabhakar Raghavan, Grace Frohlich, Michael King, King, Solís, Amsive's Ray, Sundar Pichai, JOSH EDELSON, Rand Fishkin, SparkToro, Eric Hoover, Hoover Organizations: Service, Google, Business, EA Eagle Digital, Marketing Signals, Google's Department, Justice, Chrome, coy, iPullRank, YouTube Locations: SEOs
Anant Yardi took a majority stake in WeWork through its bankruptcy process. Yardi plans to focus on small businesses and use hotel-like tech for real-time booking. 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 . Anant Yardi, who, alongside his wife, founded the widely-used commercial real estate software Yardi Systems, took a majority stake in WeWork through its bankruptcy process.
Persons: Anant Yardi, WeWork, Organizations: Service, Yardi Systems, Business Locations: WeWork
It marks the often-unloved group's third-best showing since 2002, according to Goldman Sachs. Utilities aren't just an AI playOther than their understated connection to AI, utilities are attractive on a valuation basis and as a defensive hedge, according to Goldman Sachs. AdvertisementHowever, utilities are cheap compared to the high-single-digit earnings growth they're expected to produce in the next several years. Goldman SachsBesides being discounted relative to their future growth, utilities serve as a hedge against lower economic growth. AdvertisementOf the 16 utilities stocks covered by Goldman Sachs analysts, only half have a buy rating from the firm.
Persons: , Goldman Sachs, Carly Davenport, Ryan Hammond, Bill Gross, Sebastien Page, Rowe Price, it's, Page, Goldman, Hammond Organizations: Service, Utilities, Business, Nvidia, Microsoft, Goldman, Federal Reserve
Beijing's goal now is to minimize any impact from potential sweeping sanctions from the West in "extreme geopolitical scenarios," such as a military conflict over Taiwan, which China claims as its territory, wrote Liu. "Expanding the use of the renminbi in trade is less challenging than increasing its status as an international reserve currency," Liu wrote. AdvertisementHowever, capital controls are not necessarily a dealbreaker for the broader adoption of the yuan in trade, wrote Liu. It also shows it's not so easy to displace the mighty US dollar as the world's top reserve and trading currency of choice. A recent global survey of 1,660 enterprises showed that there is just not enough interest in using the yuan to trade.
Persons: , Zoe Liu, Liu, Russia —, Xi, it's Organizations: Service, China Studies, Council, Foreign Relations, Business, Monetary, Financial, China's Bank of Communications, Renmin University Locations: China, Taiwan, London, Russia, Beijing, East Asia, Southeast, Central Asia
I tried the biggest burgers at McDonald's, Wendy's, Burger King, In-N-Out, and Shake Shack. 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 . AdvertisementThe biggest burgers at fast-food chains are usually more expensive, but how do they rank in terms of taste and value? This story is available exclusively to Business Insider subscribers.
Persons: Burger King, Burger, Triple Whopper, , Price Organizations: Triple, Service, Business Locations: Burger
"Expanding the use of the renminbi in trade is less challenging than increasing its status as an international reserve currency," Liu wrote. The yuan faces challenges in its globalizationWhile the US and China's strategic competition points to a possible race for currency supremacy, the Chinese yuan is far from ready — and even Beijing knows that. AdvertisementHowever, capital controls are not necessarily a dealbreaker for the broader adoption of the yuan in trade, wrote Liu. It also shows it's not so easy to displace the mighty US dollar as the world's top reserve and trading currency of choice. A recent global survey of 1,660 enterprises showed that there is just not enough interest in using the yuan to trade.
Persons: , Zoe Liu, Liu, Russia —, Xi, it's Organizations: Service, China Studies, Council, Foreign Relations, Business, Monetary, Financial, China's Bank of Communications, Renmin University Locations: China, Taiwan, London, Russia, Beijing, East Asia, Southeast, Central Asia
The Western Cemetery holds hundreds of rectangular tombs called mastabas that line the base of Giza's Great Pyramid. AdvertisementThe L-shaped structure's corners are "too sharp" to be naturally occurring, researcher Motoyuki Sato, who helped find the anomaly, told Live Science. For deeper structures, ERT can locate walls, shafts, and similar anomalies but without as much detail. DeAgostini/Getty ImagesAt some point, the shallower L-shaped structure was filled with sand, which could be a clue to its purpose. They don't know what, if anything, is in the deeper structure.
Persons: , Khufu, Motoyuki Sato Organizations: Service, Western, Business, swatch, Higashi Nippon International University, Tohoku University, National Research Institute of Astronomy, Geophysics, ERT Locations: Giza, Egypt
The 2024 Trooping the Colour is set to take place on June 15. Kate Middleton won't be attending the Colonel's Review as she did in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmid a tumultuous time for the royal family, one of the monarchy's biggest events of the year is quickly approaching. The annual event typically brings all senior members of the royal family together as they gather on the balcony of Buckingham Palace to greet the public.
Persons: Kate Middleton, King Charles, Organizations: Service
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