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☆ The thinking person's AI trade: There's a cheap, under-the-radar sector generating historically strong returns — and these 8 stocks are Goldman Sachs' top picks
▼ + stars: | 2024-05-31 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

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

☆ China wants to turn the yuan into a global currency out of fear of sanctions, not domination
▼ + stars: | 2024-05-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

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

☆ China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.
▼ + stars: | 2024-05-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

"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.

☆ I tried the biggest burgers at 5 fast-food chains and my favorite tasted fresh off the grill
▼ + stars: | 2024-05-30 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

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

☆ Kate Middleton won't be attending a Trooping the Colour event
▼ + stars: | 2024-05-30 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

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

☆ Fast food deals were off the table. Now they’re roaring back
▼ + stars: | 2024-05-30 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

KFC recently introduced a value menu with meals starting at $4.99. But it’s been a long time since they used discounted meals as a strategy to drive traffic, noted Peter Saleh, restaurant analyst at BTIG. KFC launched its value menu earlier that month. A Burger King spokesperson confirmed to CNN that it plans to offer a $5 meal, without sharing more details. And more deals don’t mean that menu prices are dropping, or even staying the same.

Persons: Burger King, Taco Bell, Jack, Wendy’s, it’s, Peter Saleh, haven’t, ”, we’ve, ” Price, ” Saleh, Chris Kempczinski, “, McDonald’s, Burger, Paul Weaver, Kempczinski, NOA, ” Cowen, Andrew Charles, Eva Marie Uzcategui, McDonald’s “, ” Charles, David Henkes, Josh Kobza, Henkes, BTIG’s Saleh Organizations: New, New York CNN, KFC, BTIG, Street Journal, National Owners Association, Bloomberg, Getty, CNN, Restaurant Brands Locations: New York, Technomic, Burger King

☆ Archaeologists found a secret chamber at the base of the Great Pyramid of Giza, and they have no idea what it is
▼ + stars: | 2024-05-30 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

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

☆ Billionaire 'Bond King' Bill Gross says a Trump win would be 'disruptive' for markets
▼ + stars: | 2024-05-27 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Bill Gross warned that a second Trump presidency could harm bond markets. Gross highlighted that Trump's tax cuts and spending programs would worsen the fiscal deficit. AdvertisementDonald Trump winning the presidential election would be bad news for the bond markets, said "Bond King" Bill Gross. A Trump presidency would worsen US fiscal deficits, which would hurt bonds, the billionaire investor and PIMCO cofounder said in an interview with the Financial Times. "Trump is the more bearish of the candidates simply because his programs advocate continued tax cuts and more expensive things," Gross said.

Persons: Bill Gross, Trump, Gross, —, Donald Trump Organizations: Service, Financial Times, Business

☆ Restaurant chains are competing to offer customers the cheapest meals they can. Here are some of the best deals.
▼ + stars: | 2024-05-25 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

Burger King and McDonald's are both set to launch their own $5 value meal deal. Chains are trying to lure diners back in, after high prices of fast food have turned many away. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe fast food wars are heating up, as Burger King is set to launch its own $5 value meal deal. It's not the only fast food chain to start offering lower-priced deals.

Persons: Burger, —, It's Organizations: Service, Bloomberg Locations: McDonald's

☆ It's the summer of $5 meals: Burger King creates a value meal to rival McDonald's deal
▼ + stars: | 2024-05-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

Read previewBurger King is launching its own $5 meal just two weeks after reports of McDonald's introducing a similar deal. Burger King plans to launch the set, which will include a sandwich, chicken nuggets, fries and a drink, before McDonald's, according to a document seen by Bloomberg. It's unclear exactly when Burger King will launch its promotion. Earlier this week, Wendy's also announced its version of a value meal — a $3 set consisting of a breakfast sandwich and a small batch of seasoned potatoes. "Our priority is to continue enhancing our value proposition through our quality food and beverages at attractive price points," Kobza said.

Persons: —, Burger King, Burger, Tom Curtis, Wendy's, Joshua Kobza, Kobza Organizations: Service, Bloomberg, Business, Burger King US, Street, Burger King, Restaurant Brands Locations: Canada

☆ The European housing crisis warping millennial life: The average Croatian lives with parents until 33
▼ + stars: | 2024-05-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +9 min

According to Eurostat, the EU statistical office, the average Croatian leaves their parents' home at over 33 years of age, its highest figure. Joshua Zitser/Business InsiderIn the US, almost everyone has moved out by then. Joshua Zitser/Business InsiderWhile tourism brings economic opportunities for Vukovic and many others, he says it has also worsened the already dysfunctional housing market. But in parts of Dubrovnik, Vukovic explained, that's not feasible. Joshua Zitser/Business InsiderFor Josip Crncevic, 34, prices feel far out of reach.

Persons: —, Joshua Zitser, Malohodžić, Ivan Vukovic, Vukovic, Filip Brkan, that's, Josip Crncevic, Crncevic, homeownership, it's, he'd, Marija, Sanja, Angelo, Cikato, Diana Marlais, Bogdan Dascalescu, wouldn't Organizations: Service, Croatian, Business, Eurostat, BI, UNESCO, Heritage, King's, Real Estate Business Association of, Croatian Chamber Locations: Dubrovnik's, Croatia, Dubrovnik, Independence, HBO's, Dubrovnik's suburbs, Marija

☆ Welcome to anti-office Fridays and quiet vacationing
▼ + stars: | 2024-05-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the push for WFH Fridays and how that plays into the "quiet vacationing" phenomenon . The big storyAnti-office FridaysHector Roquet Rivero/Getty Images; Jenny Chang-Rodriguez/BIWith all due respect to summer Fridays, we've found a year-round replacement: WFH Fridays. But WFH Fridays' staying power remains to be seen. Which brings us back to WFH Fridays. The end result could be employers saying abuse of WFH Fridays means they need you back in the office… for good.

Persons: —, Hector Roquet Rivero, Jenny Chang, Rodriguez, we've, Insider's Juliana Kaplan, Noah Sheidlower, It's, Taiyou Nomachi, millennials, they've, BI's Kelsey Vlamis, haven't, it's, Momo Takahashi, Goldman Sachs, SEB Research, That's, Andrew Caballero, Reynolds, Isabel Fernandez, OpenAI, Scarlett Johansson, Sam Altman, Y Combinator, Tyler Le, Mark Cuban, Vivek Ramaswamy, Burger King, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett, Laine Napoli Organizations: Service, Business, Workers, Companies, RBC Capital, Pujol, BI, Microsoft, Google, Bloomberg, Finance Ministers, Central Bank Governors Locations: Dublin, Germany, Meta, BuzzFeed, New York, London, Chicago

☆ Netflix's most-watched series and movies slumped in viewership in its latest engagement report
▼ + stars: | 2024-05-23 | by ( Lucia Moses | ) www.businessinsider.com time to read: +1 min

K drama "King the Land" topped Netflix's new engagement report with 630 million hours watched. "The Night Agent: Season 1" led the first report in 2023 with 812 million hours viewed. Netflix's engagement reports show a slight decrease in total view time as it aims at advertisers. The K drama "King the Land" was the most viewed title in the streamer's new engagement report, with more than 630 million hours watched in the second half of 2023. That figure is notably smaller than "The Night Agent: Season 1," which topped Netflix's first engagement report covering the first half of 2023 with more than 812 million hours watched.

Persons: —, Ginny Organizations: Service, Netflix, Business Locations: Georgia

☆ The messy fight to see who really owns Elvis' Graceland is over
▼ + stars: | 2024-05-22 | by ( Grace Eliza Goodwin | Joshua Zitser | ) www.businessinsider.com time to read: +1 min

The company that insisted it owned the rights to Graceland told the AP it is withdrawing its claim. Elvis Presley's granddaughter Riley Keough had accused the company of fraud and forging documents. AdvertisementA bizarre legal battle over who actually owns Elvis Presley's Graceland estate came to an end on Wednesday, leaving the iconic site in the hands of the King of Rock and Roll's family. The company insisting it owned the deed to Graceland said it'll withdraw its claim on the estate, the Associated Press reported. Hours earlier, a Tennessee court had ruled in favor of Elvis' granddaughter, actor Riley Keough, who had been fighting to keep the property.

Persons: Graceland, Elvis Presley's, Riley Keough, —, King, it'll, Elvis Organizations: Service, Associated Press, Business Locations: Keough's, Tennessee

☆ When my husband lost his wedding ring, my son thought we were no longer married
▼ + stars: | 2024-05-22 | by ( Liz Alterman | ) www.businessinsider.com time to read: +4 min

Read previewOne autumn afternoon, while raking leaves, my husband, Rich, lost his wedding ring. We hoped the ring, possibly lost amid the browning landscape, would be shiny enough to catch our eyes. Our son thought we had splitWe'd been married for a decade by that point, and while it was odd to see my husband's ring finger bare after all that time, I didn't really give it much thought. AdvertisementOur middle son, Ben, a kindergartener at the time, and I were standing in the kitchen baking together months after the ring disappeared. "It's too bad Dad can't find his ring," Ben said.

Persons: —, Rich, Nat King Cole, Rich hadn't, we'd, hadn't, azaleas, we've, Ben, Wistfully Organizations: Service, Business

☆ 25 'Bridgerton' couples ranked by their chemistry
▼ + stars: | 2024-05-21 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

The first three seasons of "Bridgerton" and spin-off "Queen Charlotte" show have produced 25 main couples. Kanthony and Queen Charlotte and King George are some of the show's most popular couples. Business Insider ranked the show's couples based on chemistry. Advertisement"Bridgerton" and its spin-off series, "Queen Charlotte," are filled with romances, but only a few couples have great chemistry. Every season of "Bridgerton" focuses on one main couple — Daphne and Simon in season one, Kate and Anthony in season two, and Queen Charlotte and King George in the "Queen Charlotte: A Bridgerton Story" spin-off.

Persons: Charlotte, Queen Charlotte, King George, —, Daphne, Simon, Kate, Anthony, Reynolds, Eloise, Theo Organizations: Business, Service

☆ Some central banks have sold gold at record prices, cashing in on the global boom
▼ + stars: | 2024-05-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewCentral banks around the world have been snapping up gold, sending prices of the metal to record highs. The country's gold stash accounted for nearly three-quarters of its reserves as of March this year, according to WGC data. In 2022, Uzbekistan produced 110.8 tons of gold, making it the 10th top gold producer in the world, per WGC. Uzbekistan gold mining in March 2024. The country legalized private gold digging in 2019, and any gold found must be traded via its central bank.

Persons: —, it's, VYACHESLAV OSELEDKO, Shavkat Mirziyoyev Organizations: Service, Business, World Gold, Central Bank of, Uzbek, AFP Locations: China, Saudi, Central Bank of Uzbekistan, Thailand, Kazakhstan, Uzbekistan, Kazakh

☆ Inside Chef Carla Hall's fridge, from Costco staples to the one thing she always buys on sale
▼ + stars: | 2024-05-20 | by ( Lizzy Briskin | ) www.businessinsider.com time to read: +6 min

Hall's fridge is a trove of fun finds, from condiments we know and love to fancy European butter and an ample supply of eggs. AdvertisementA peek inside Carla Hall's fridge. Carla HallSundae fixingsCarla Hall's fridge had a few ice-cream flavors. "The one thing that I get when it's on sale is any kind of European-style butter," Hall said. AdvertisementMystery leftoversIf you're curious about the container with reddish contents in the center of Hall's fridge, join the club.

Persons: —, Carla Hall, Hall's, Carla Hall Sundae, Carla Hall's, Tyler Le, Ben, She's, Grey Poupon, Heinz, Grey Poupon Dijon, Amaro, amaro, unsalted Organizations: Service, Business, QVC, Walmart, Safeway, Costco Locations: gander, Washington ,, Jeni's, Tillamook, Southern

☆ My partner and I sleep in the same room but in separate beds. We've only gotten closer since we started sleeping apart.
▼ + stars: | 2024-05-19 | by ( Roli Jain | ) www.businessinsider.com time to read: +4 min

And sleeping in separate beds isn't something my partner and I talked about. AdvertisementDeciding to sleep in separate beds was easyWhen we met, we weren't as mature or secure about each other and ourselves as we are now. This is when choosing to sleep in separate beds became a naturally comfortable choice. Two separate beds also help us avoid waking each other up when we go to sleep at different times or stir at night. Sleeping in separate beds proved to be a great choiceNot sleeping in the same bed gives us a sense of physical freedom and mental space — something that we value being with each other for almost two decades.

Persons: — Organizations: Service, Business

☆ I travel alone with my 4 kids all the time. Here are my 8 tried and true tips.
▼ + stars: | 2024-05-18 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +5 min

I knew if I wanted to travel with my kids, I would have to find a way to do it on my own. I've been traveling solo with my kids for more than 15 years and have a system that works. I also get snacks for myself since it's easy to overlook my own needs while traveling solo with kids. AdvertisementWe travel lightlyI've always been committed to traveling carry-on-only and doubled down on this commitment when traveling solo with kids. When traveling solo with kids, it's not possible to hand off the kids while I explore something on my own, so this is essential.

Persons: —, I've, Taco, Burger, it's Organizations: Service, Business, TSA, Taco Bell, Gladiator School Locations: Europe

☆ 'Mary & George' creator says finale is 'true to the spirit' of the story despite diverging from history
▼ + stars: | 2024-05-18 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +4 min

The ending used is 'true to the spirit of how Mary and George lived their lives'Moore, who co-wrote the finale with Laura Grace, told Business Insider that for him, the ending was "true to the spirit" of Mary and George's lives — despite the fact that it diverges from history. Nicholas Galitzine as George Villiers in "Mary & George." "There is some level of dramatic license that we've taken, but for me, it feels very true to the spirit of how Mary and George lived their lives." As the series depicts, once Charles became king, George retained his powerful position in court until he himself was assassinated in 1628, at age 35. The finale of "Mary & George" is now streaming on Starz.

Persons: —, Mary, George, King James I, Tony Curran, George Villiers, Nicholas Galitzine, schemed, Mary Villiers, Julianne Moore, Countess, Buckingham, Duke of Buckingham, King James I's, King, James, aren't, Moore, Laura Grace, George's, Rory Mulvey, didn't, Benjamin Woolley's, James I, Woolley, Charles Organizations: Service, Starz, Business Locations: Spain

☆ Billionaire 'Bond King' Bill Gross explains why oil and gas pipelines are his top investment even as AI fervor swirls
▼ + stars: | 2024-05-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bill Gross told Barron's that oil and gas pipelines are a top investment of his as he seeks alternatives to a tapped-out bond market. He says these publicly-traded multiple limited partnerships offer strong returns with additional tax advantages. Rather than seeking opportunity in the bond market, the legendary billionaire is investing in oil and gas pipelines. Gross notes that the pipelines — which trade as master limited partnerships — possess many of the yield attributes of bonds. Previously, he attempted to trade Broadcom on AI hopes, but was "whipped back and forth," Gross shared in March commentary.

Persons: Bill Gross, Gross, —, that's, Barron's, " Gross, Con Organizations: Microsoft, IBM, Nvidia, Service, Energy, Western Pipeline, Gross, Broadcom, Dominion Locations: Barron's, Con Edison

☆ 'The Pillowcase Murders': What happened to Billy Chemirmir? Authorities say he killed 22 older women in 2 years.
▼ + stars: | 2024-05-17 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Read preview"The Pillowcase Murders" puts the convicted murderer Billy Chemirmir in the spotlight. The Paramount Plus docuseries details how authorities accused him of killing 22 older women between 2016 and 2018, though he was only found guilty of two murders. Chemirmir attacked women living in nursing homes and senior living communities in Texas, prosecutors alleged. AdvertisementHe posed as a maintenance man to gain entry into the building and then used pillows to smother his victims, prosecutors said. AdvertisementAccording to press releases from prosecutors, Chemirmir was ultimately accused of killing 13 women in Dallas County and 9 in Collin County.

Persons: —, Billy Chemirmir, Chemirmir, Mary Bartel, Lu Thi Harris, Mary Brooks Billy Chemirmir, Tom Fox, Mary Brooks, Prosecutors, Wyatt Busby, Shannon Dion Organizations: Service, Paramount, Netflix, Business, NBC, Dallas, Dallas Morning News, Coffield Unit, Associated Press, Guardian, Texas, Fox Locations: Texas, Fort Worth, Dallas County, Collin County, Anderson County, Dallas

☆ King Charles' first official portrait is dividing the art world
▼ + stars: | 2024-05-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

Read previewIf King Charles had high hopes for how the world would react to his first official portrait, they might be dashed by now. King Charles and Jonathan Yeo met four times between 2021 and 2023 for the painting. AdvertisementIts red color is particularly evocative, Khan added. Jonathan Yeo was a 'safe choice' for a royal portrait, one critic saidKhan said he's fairly confident that drawing links to the royal family's murky past with colonialism wasn't on Yeo's agenda. AdvertisementKhan, the London-based critic, admitted that he likes at least one element of the royal portrait.

Persons: —, King Charles, Jonathan Yeo, AARON CHOWN, Queen Camilla, Yeo, Tabish Khan, Khan, he's, it's, Stanley Kubrick's, wasn't, Jonathan, Charles, There's, Richard Morris, Morris, Henry VIII, Philip Mould, HENRY NICHOLLS Organizations: Service, Business, Getty, Rhode Island School of Design Locations: British, Buckingham, Washington, London

☆ Zelenskyy canceled all his foreign trips, a sign things are critically bad for Ukraine right now
▼ + stars: | 2024-05-16 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

This has given Russian forces the chance to make small but steady gains. It's one of 30 settlements that have seen heavy bombardment by Russian forces, Kharkiv Governor Oleh Syniehubov said on Monday. AdvertisementHolding on until Western aid comesMeanwhile, chronic delays in Western support has left Ukraine badly under-supplied in ammunition. Advertisement"This year represents a window of opportunity for Russia," military analyst Michael Kofman told the Times. "But if the Russian military is not able to turn these advantages into battlefield gains and generate momentum, there's a fair chance that this window will begin to close as we enter 2025."

Persons: —, Volodymyr Zelenskyy, Zelenskyy's, Sergii Nykyforov, Nykyforov, EFE, King Felipe VI of Spain, Zelenskyy, Hamish de Bretton Gordon, Bretton Gordon, Vladimir Putin, George Barros, Chasiv Yar, Kyryo Budanov, Oleh Syniehubov, Ann Marie Dailey, Russia's, Emmanuel Macron's, de Bretton Gordon, Michael Kofman Organizations: Service, Business, Telegraph, British, Institute, Associated Press, New York Times, BBC, Kharkiv, RAND, Fleet, Russian, Politico, Times Locations: Ukraine, Russia, Spanish, Portugal, Ukrainian, Donetsk, Kharkiv, Chasiv Yar, Vovchansk, Russian, Ukraine's, prevarication, it's

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