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☆ Welcome to the age of geriatric millionaires
▼ + stars: | 2024-06-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

While it makes sense that time is often a crucial ingredient to accruing savings and assets, the average age of millionaires in the US has been rising faster than the average age of the overall population over the last three decades. How millionaires are changingSince 1992, the average age of the country's millionaires has been going up. That means that younger millionaires aren't joining their ranks fast enough to keep the average age steady. Millionaires are overrepresented beginning around age 50, but track pretty cleanly with the cohort in their 40's. What does it mean to have so many older millionaires?

Persons: —, Chuck Collins, inequality.org, Collins, America's, aren't, Garrett Watson, that's, Watson, Xers, Gen Xers, they've, haven't, That's, It's, Ed Yardeni, They're, Redfin, King Charles, King Charles III of, it's, You've Organizations: Service, Business, Policy Studies, Forbes, Consumer, Millionaires, Tax, Security, Labor, Institute for Policy Studies Locations: United Kingdom

☆ What Have Progressives Done to the West Coast? - The New York Times
▼ + stars: | 2024-06-15 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +1 min

As Democrats make their case to voters around the country this fall, one challenge is that some of the bluest parts of the country — cities on the West Coast — are a mess. Centrist voters can reasonably ask: Why put liberals in charge nationally when the places where they have greatest control are plagued by homelessness, crime and dysfunction? I’m an Oregonian who bores people at cocktail parties by singing the praises of the West, but the truth is that too often we offer a version of progressivism that doesn’t result in progress. We are more likely to believe that “housing is a human right” than conservatives in Florida or Texas, but less likely to actually get people housed. We accept a yawning gulf between our values and our outcomes.

Locations: San Diego, Seattle, I’m, Florida, Texas

☆ Nvidia CEO: One of the most 'profound learnings in my life' came from a gardener—how it made me successful
▼ + stars: | 2024-06-15 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Jensen Huang's biggest career lesson didn't come from a mentor or a fellow tech CEO. "I used to work from one of our international sites for one month each summer," Huang, the billionaire co-founder and CEO of computer chip company Nvidia, said during a commencement speech at the California Institute of Technology on Friday. While there, Huang came across a man working in a vast garden. Their interaction was brief, but the gardener's words became one of the "most profound learnings in my life," Huang said. This gardener has dedicated himself to his craft and doing his life's work.

Persons: Jensen, didn't, Huang Organizations: Nvidia, California Institute of Technology Locations: Japan, Kyoto

☆ Israeli tour guides say leading groups to October 7 terror sites is the only way for them to make money now
▼ + stars: | 2024-06-15 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

Now, months later, he's leading tours to the site where he narrowly escaped death, and where he lost three of his closest friends. "I'm in a situation where I need to make a living," he told Business Insider. Courtesy of Danny "The Digger" Herman ToursAri Melnik, another tour guide, said that for some tourists, that's a draw. Slava Bazarsky, a tour guide, holds a bullet while giving a tour of a kibbutz targeted on October 7. Courtesty of Slava BazarskyAnother tour guide, Slava Bazarsky, solicits donations to the local kibbutzim while charging a participation fee.

Persons: —, Amit Musaei, he's, Musaei, Danny Herman, Danny, Herman, Yad Vashem, it's, Herman Tours Ari Melnik, Melnik, Courtesty, Slava Bazarsky, Bazarsky Organizations: Service, Business, Gaza, UN Locations: Nova, Israel, Jerusalem, Gaza, Auschwitz, Yad, Melnik

Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?

Persons: —, Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —

☆ When I quit my job, the CFO came to my house and kissed me. We've now been married for over 25 years.
▼ + stars: | 2024-06-15 | by ( Pauline Milner | ) www.businessinsider.com time to read: +4 min

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. When I worked as an insurance agent for a brokerage, David was the CFO. A knock at the door changed everythingI liked my job, but I knew a good deal when I saw it. As he reached the door, David turned around, and his car keys slipped out of his hand.

Persons: —, David, we've, We've Organizations: Service, Business

☆ PHOTOS: Kate Middleton attends the Trooping the Colour parade — her first public appearance since her cancer diagnosis
▼ + stars: | 2024-06-15 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

The new portrait of Kate Middleton was taken in June at her home in Windsor. She added that she has been experiencing "good days and bad days." She wrote that,"On those bad days you feel weak, tired and you have to give in to your body resting. But on the good days, when you feel stronger, you want to make the most of feeling well." Kate added that her treatment is ongoing but that she is starting to do "a little work from home" and that she hopes to attend more public engagements over the summer.

Persons: Kate, Kate Middleton, Matt Porteous, William Locations: Windsor

☆ Bitcoin will hit $500,000 by the end of this decade as ETF demand booms, Bernstein says
▼ + stars: | 2024-06-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Bitcoin is predicted to hit $500,000 by 2029, according to Bernstein. The bullish outlook is driven by a sustained boom in demand for bitcoin ETFs, combined with constrained supply. AdvertisementThe price of bitcoin is set to soar to $500,000 by the end of the decade, according to a recent note from Bernstein. Advertisement"This is led by unprecedented Bitcoin demand ($190Bn AUM in 2025E vs. $60Bn today) via ETFs run by the world's leading asset managers, and Bitcoin supply being constrained," Bernstein said. Bernstein argues that MicroStrategy deserves the premium valuation as it offers investors an "active-leveraged" strategy compared to passive bitcoin ETFs.

Persons: Bitcoin, Bernstein, —, Gautam Chhugani, Mahika Sapra, bitcoin, Chhugani, Sapra, MicroStrategy Organizations: Service, BTC

☆ Nelson Peltz’s Trian has a stake in Rentokil. Here’s how the activist might boost shareholder value
▼ + stars: | 2024-06-15 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Rentokil offers a complete range of pest control services, from rodents to flying and crawling insects, to other forms of wildlife management. Trian, managed by Nelson Peltz, takes very few positions, but is very active in its positions. Rentokil Initial is a United Kingdom-based global provider of pest control, hygiene and well-being services for residential, commercial and industrial customers. However, when it has engaged with UK companies, the firm has consistently been able to create shareholder value. Shifting the listing to the U.S. is the low-hanging fruit of value creation and potentially divesting the European business could create additional value.

Persons: It's, Trian, Nelson Peltz, Peltz, Rentokil, Janus Henderson, Ferguson, Ecolab, Rio, Pearson, Ken Squire Organizations: Rentokil's, Unilever, Ferguson, New York Stock Exchange, Rollins, Janus, 13D Locations: United Kingdom, North America, Europe, Saharan Africa, France, U.S, Pentair, London, Rio Tinto, New York

☆ I stayed at an all-inclusive Margaritaville for $350 a night. I left convinced it's the best resort in Mexico — and I'm not even a Jimmy Buffett fan.
▼ + stars: | 2024-06-15 | by ( Simone Paget | ) www.businessinsider.com time to read: +1 min

I'm not really a Jimmy Buffett fan, but Margaritaville Cancún is my favorite all-inclusive resort. 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 . AdvertisementI've never really been a fan of Jimmy Buffett's music, and the late musician's Margaritaville hotels and restaurants have always struck me as a little cheesy. This story is available exclusively to Business Insider subscribers.

Persons: I'm, Jimmy Buffett, —, I've, Jimmy Buffett's Organizations: Service, Marriott, Business Locations: taco, Carretera Tulum, Hyatt

☆ The rise in sports betting and gambling violations by pro athletes, in 4 charts
▼ + stars: | 2024-06-15 | by ( Annette Choi | ) edition.cnn.com time to read: +4 min

As pro athletes deal with the ramifications of betting on games, a growing number of people are also grappling with mental health issues associated with sports betting. Gambling addiction hotlines across the country have reported a huge surge in traffic in recent years. Texts and chats to the National Problem Gambling Helpline have increased around 800% since 2018 while call volume grew nearly 80%. The annual national social cost of problem gambling — including job loss and gambling-related criminal justice — amounts to around $14 billion, according to the National Council on Problem Gambling. In January, Sen. Richard Blumenthal and Rep. Andrea Salinas introduced the Gambling Addiction Recovery, Investment, and Treatment Act, which would use federal funding to treat and study problem gambling.

Persons: Tucupita, Jontay Porter, Robert Manfred, —, There’s, LeBron James, ”, Charlie Baker —, National Collegiate Athletic Association —, Sen, Richard Blumenthal, Andrea Salinas Organizations: CNN, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, MLB, US, State helplines, of Ohio, National Council, Sports, American Gaming Association, Leagues, NBA, ESPN, National Collegiate Athletic Association, Investment Locations: New Jersey, Nevada, Washington, DC, Massachusetts, Las Vegas

No matter who you're hoping to see play at the US Open, we've got you covered when it comes to unpacking your watch options. How to watch the US Open in the USUS Open coverage is spread across NBC, USA, and Peacock in the US. Peacock coverage will also be available from 9 a.m. to 12 p.m. Peacock subscriptions start at just $5.99 a month. This is where a live TV streaming package like Sling TV or Fubo can come in handy. Check price at FuboHow to watch the US Open in the UKUS Open coverage airs on Sky Sports in the UK.

Persons: Scottie Scheffler, he's, Xander Schauffele, Rory McIlroy, Ludvig Aberg, we've, Peacock, ExpressVPN Organizations: Business, 124th, Pinehurst, NBC, USA, Sling, Sky Sports Locations: North Carolina, USA

☆ This couple lives in a vintage 940-square-foot trailer by the beach for $5,100 a month: It's 'the California dream'
▼ + stars: | 2024-06-15 | by ( Jaclyn Westlake | ) www.cnbc.com time to read: +7 min

When my husband Brian first told me he's from Laguna Beach, it took everything in me to play it cool. Deciding we wanted to stay in Laguna Beach wasn't hard — I mean, it's beautiful, sunny, laid back, and has a thriving art scene. Finding a creative way to live in Laguna BeachThe median home price in Laguna Beach hovers around $3 million and the median monthly rent is over $8,000. Take a look inside our 'vintage' Laguna Beach trailerOur two-bedroom, two-bathroom home was built in the 1960s. The trailer is across the street from the beach and Jaclyn and Brian typically head over a couple days a week.

Persons: Brian, millennials, I'd, Kristin, Seth, Brian's, we'd, We've, Jaclyn Westlake, we're, Jaclyn, Tristan Pelletier, you'll, it's, Brian didn't, Indiana Jones, we've Organizations: CNBC, Brian's Locations: Laguna Beach, Los Angeles, Laguna, Brian's, It's, California

☆ Serena Williams’s Next Challenge? The Rest of Her Life.
▼ + stars: | 2024-06-15 | by ( David Marchese | ) www.nytimes.com time to read: +1 min

She has gone back to it, in a way, with a new eight-part documentary called “In the Arena: Serena Williams,” which will stream next month on ESPN+. She told me that revisiting her career through the series has really been the first chance she has had to sit back and take in all she has accomplished. You’re doing the different projects: the venture-capital fund, the makeup line, you’ve written a children’s book. I needed to not be done and sit down and wake up and be like: “Oh, my God. What just happened?” It was definitely too fast to throw myself full-heart, full-body into everything, but that’s kind of what I needed to do to survive after I’ve been playing tennis all my life.

Persons: Serena Williams, I’ve Organizations: ESPN

☆ Opinion | Jan. 6, America’s Rupture and the Strange, Forgotten Power of Oblivion
▼ + stars: | 2024-06-15 | by ( Linda Kinstler | ) www.nytimes.com time to read: +1 min

On March 4, Judge Tanya Chutkan presided over jury selection for a criminal trial in a Jan. 6, 2021, case. On his first day in court, Mr. Nester sat next to his attorney wearing a collared shirt and a tie, his glasses perched atop his gray hair. He glumly surveyed the potential jurors seated in the benches behind him, 12 of whom would later that week determine his fate. Mr. Trump, whose criminal trial has been put on hold pending Supreme Court review, spent that week on the campaign trail. Mr. Nester is the among the latest in a long string of Jan. 6 insurrectionists who have over the past three and a half years sat for trial in the E. Barrett Prettyman U.S.

Persons: Tanya Chutkan, Donald Trump, Nester, glumly, Trump, Barrett Prettyman Organizations: Capitol, Courthouse Locations: Pennsylvania, Washington, Washington ,

☆ 3 easy ways to bring the Blue Zone diet home from Costa Rica's Nicoya Peninsula
▼ + stars: | 2024-06-15 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Costa Rica's Nicoya Peninsula is one of the world's blue zones, where residents live longer. I tried the Costa Rican diet for about two weeks and saw big differences to meals in the US. Here are three ways to bring elements of the Blue Zone diet back home. AdvertisementLast month, as I explored Costa Rica's Pacific coast, I took particular care to visit the Blue Zone of the Nicoya Penninsula. But there are also clear differences in the local diet here compared to both elsewhere in the country and around the world.

Persons: Costa, —, I'd Organizations: Service, Central, Business Locations: Nicoya, Costa Rican, Costa, Pacific, Central American

☆ People are delaying buying new cars, creating a deflationary 'spiral' that's bad news for the auto industry
▼ + stars: | 2024-06-15 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Delayed purchases can lead to a "deflationary spiral" for the automotive industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . High interest rates remain a big deterrent for many car shoppers, and price volatility has some car shoppers delaying their purchases in hopes they can get an even better deal in a month or two. That's creating a big problem for the automotive industry, according to one economist. This story is available exclusively to Business Insider subscribers.

Persons: —, It's Organizations: Service, Business

☆ Who’s Who in ‘House of the Dragon’? Here’s a Refresher
▼ + stars: | 2024-06-15 | by ( Sean T. Collins | ) www.nytimes.com time to read: +1 min

When “House of the Dragon,” HBO’s hit “Game of Thrones” prequel based on the book “Fire and Blood” by George R.R. The Blacks are led by Rhaenyra Targaryen (Emma D’Arcy). Team BlackQueen Rhaenyra Targaryen (Emma D’Arcy)Long the only child of the late King Viserys Targaryen, Rhaenyra was proclaimed heir by the king in defiance of centuries of tradition that held that only males could rule. But Viserys’s marriage to Rhaenyra’s childhood friend Alicent Hightower and the subsequent birth of Aegon created a rift within the royal family. After learning of her father’s death and Aegon’s crowning in the capital city, King’s Landing, Rhaenyra launched her rival reign from House Targaryen’s ancestral island home, Dragonstone.

Persons: ” HBO’s, George R.R, Martin, Rhaenyra Targaryen, Emma D’Arcy, King Viserys, Westeros, Tom Glynn, Carney, Alicent Hightower, Olivia Cooke, Viserys Targaryen, Rhaenyra Organizations: Blacks, Aegon, Greens, HBO

☆ Rich tourists rejoice! Greece is finally doing something about the cruise ship problem.
▼ + stars: | 2024-06-15 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTourists headed to the expensive hotels of Mykonos and Santorini: rejoice! About 36 million people visited Greece last year, up 20.8% from 2022, according to data from the Bank of Greece. Advertisement"In Santorini, even tourists complain about the great number of tourists," Greece's ombudsman said in a report released on Thursday. In fact, Koru, the superyacht owned by Jeff Bezos, has already made its way to Greece for the summer.

Persons: —, Kyriakos Mitsotakis, Louis Vuitton, Mykonos, Georgios Hatzimanolis, Jeff Bezos Organizations: Service, Bloomberg, Business, Bank of Greece, Bank of, Greek Tourism, Louis Locations: Mykonos, Santorini, Greece, Bank of Greece, Soho

☆ The Business of Being Lorne Michaels
▼ + stars: | 2024-06-15 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

It’s 1:01 a.m. on a Sunday morning in May, and Lorne Michaels, the creator and producer of “Saturday Night Live,” has just finished the final episode of the 49th season. He spent those 90 minutes pacing backstage, hands in pockets, surveying the actors, allowing himself only an occasional chuckle of satisfaction. But on the floor, Michaels, 79, has just concluded his 20th show of the year with resignation: “I only see the mistakes,” he says. He is likely to spend the weekend perseverating about every detail, he says. Michaels, through “S.N.L.,” has built an entertainment empire that has survived for half a century despite the dismantling of traditional television.

Persons: Lorne Michaels, ”, Jake Gyllenhaal, Sabrina Carpenter, Michaels, “, he’ll, — Locations: “

☆ Take a look at some of the coolest new AI features announced by Apple that you may have missed
▼ + stars: | 2024-06-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewTim Cook unveiled Apple's generative AI strategy, which it calls "Apple Intelligence," at its Worldwide Developer Conference earlier this week. At its biggest conference, Apple revealed a bunch of cool AI features that will be launched through its upcoming software update, iOS 18, and on its latest Mac and iPad operating systems. Apple said Mail is also getting a "Smart Reply" boost, which will offer suggestions for automatic responses. It will also have a "Reduce Interruptions" feature that Apple says will "help users stay present" in whatever they are focused on. Record and transcribe audio files in the Notes appNotes is getting an AI boost.

Persons: —, Tim Cook, Apple, Siri, Siri's, You'll Organizations: Service, Apple Intelligence, Worldwide, Apple, OpenAI, Business

☆ A woman who hates cooking shared the 5 easy, healthy meals that helped her lose 200 pounds
▼ + stars: | 2024-06-15 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +5 min

AdvertisementSo she developed new staple meals like cottage cheese bowls and chicken with potatoes. Mancuso shared the easy, staple meals that helped her lose 200 pounds over two years. Cottage cheese bowls"I've had cottage cheese bowls most days," Mancuso said. She said she sometimes eats cottage cheese as it is, but other times blends it into a smooth yoghurt-like consistency. Related stories"I add maple syrup to sweeten and also sometimes add a flavored protein powder to add more protein," Mancuso said.

Persons: —, Leah Mancuso, Mancuso, aren't, she's, fryer, Mancuso hasn't, takeout, that's Organizations: Service, Business, carbs Locations: Scottsdale , Arizona

☆ My husband was a stay-at-home dad for a year. I learned about the double standards that exist for working dads and moms.
▼ + stars: | 2024-06-15 | by ( Marylou Costa | ) www.businessinsider.com time to read: +6 min

The financial freedom to have just one parent working for an entire year is not something I have taken lightly. That's why, when my husband made the choice to be a stay-at-home dad, I didn't want to just be unavailable all day, buried in work. MaryLou Costa pitched in while her husband was a stay-at-home dad. Courtesy MaryLou CostaI learned a lot about double standards while my husband was a stay-at-home dadWhile my husband was a stay-at-home dad, it opened my eyes to double standards. It's something dads are often congratulated for, yet it's expected of working moms.

Persons: wasn't, it's, We've, —, we're, We're, MaryLou Costa, Costa, we've, MaryLou, Costa It's, that's Organizations: Service

☆ trooping the colour princess kate: Catherine, Princess of Wales to attend King’s birthday celebration
▼ + stars: | 2024-06-15 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —Catherine, Princess of Wales is to take part the Trooping the Colour celebration on Saturday - the King’s official birthday parade - in what will be her first public appearance since revealing her cancer diagnoses. The Princess of Wales - also known as Kate - will watch the rest of the parade with her family nearby, and is expected to join fellow royals on the balcony. The event - one of the highlights of the royal calendar - is a tradition marking the official birthday of the British sovereign for more than 260 years. Britain’s Kings and Queens have doubled up on their festivities since the 18th century, holding both a public celebration – the official birthday – and a more private event on the real date. Three of the British Army’s horses which bolted across in London in April have returned to duty and are expected to take part in this weekend’s birthday parade.

Persons: London CNN — Catherine, Princess, “, ” King Charles III, Britain’s, King George II, Charles III, George, King Charles, Ascot landau, Queen Camilla . Three Organizations: London CNN, Guard’s, Queens Locations: Wales, London, Buckingham Palace, British, Britain’s Kings, Ascot

☆ ‘We Need to Unite’: Protests Against the Far Right Are Held Across France
▼ + stars: | 2024-06-15 | by ( Catherine Porter | Liz Alderman | ) www.nytimes.com time to read: +1 min

Tens of thousands of demonstrators crowded onto French streets on Saturday to denounce the rise of the country’s far-right political party and call on fellow citizens to block it from taking power in snap parliamentary elections set by President Emmanuel Macron. The protests, organized by the country’s five biggest labor unions, were widely supported by human rights associations, activists, artists and backers of a newly formed left-wing coalition of political parties, the New Popular Front. Most protesters painted a dark picture of the country under a far-right prime minister. “For the first time since the Vichy regime, the extreme right could prevail again in France,” Olivier Faure, the leader of the Socialist Party, said while addressing the crowd in Paris. That prospect brought out of retirement former President François Hollande, who announced on Saturday that he would run for legislative elections to help ensure that the far right would not take power.

Persons: Emmanuel Macron, ” Olivier Faure, François Hollande Organizations: Socialist Party Locations: Vichy, France, Paris

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