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☆ Inside a 'foldable' apartment that allows a family of 3 to live comfortably in 400 square feet
▼ + stars: | 2024-06-05 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

Unwilling to chance the New York City market — in which homes usually just get more expensive — the couple decided to stay put. Enter architect Robert Garneau, who first experimented with flexible spaces in his own New York City apartment 25 years ago. The whole apartment, located on Manhattan's family-friendly Upper East Side, clocks in at 400 square feet. According to The New York Times, which first profiled the apartment, the couple purchased it in 2006 for around $300,000. AdvertisementThe family has now lived comfortably in the renovated apartment for over two years — take a look inside.

Persons: —, Robert Garneau, who's, Murphy, Garneau Organizations: Service, New, Business, The New York Times Locations: Manhattan, New York City, New York City , California, Spain, France

☆ A San Francisco Gen Xer quit his job to escape 60-hour workweeks and spend his time being an 'older dad': 'I'll be 70 when my son graduates from high school'
▼ + stars: | 2024-06-05 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +6 min

Gerstbacher, a 50-year-old based in San Francisco, was "really unhappy" at work, he told Business Insider via email. First, he's an "older dad," and he wanted to maximize the time he could spend with his three-year-old son. "I felt that I should take the quality time now since I'll be 70 when my son graduates from high school," he said. However, the decline in working men is also due to some positive developments, like the growth of women in the workforce. AdvertisementEven though he's in the process of returning to the workforce, Gerstbacher said he's continued to prioritize spending time with his son.

Persons: —, Francisco Gen Xer, Randy Gerstbacher, Gerstbacher, He's, they've, hasn't, he'd, he's Organizations: Service, Business, CDC, Bureau of Labor Statistics Locations: San Francisco

☆ Details you might have missed in 'Star Wars: The Acolyte'
▼ + stars: | 2024-06-05 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

"The Acolyte" is set 100 years before "Star Wars: Episode I - The Phantom Menace." The show has some subtle references to other stories in the "Star Wars" franchise. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarning: Spoilers ahead for "Star Wars: The Acolyte." "The Acolyte" is a prequel series set in the High Republic era around 100 years before the events of "Episode I - The Phantom Menace," meaning it's the earliest live-action project in the "Star Wars" timeline to date.

Persons: — Organizations: Wars, Service, High Republic, Star, Business

☆ The historic rise of Facebook in photos — from a Harvard dorm room to one of the world's biggest companies
▼ + stars: | 2024-06-05 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

This is a big year for Meta: Facebook turned 20 in February. The company's meteoric rise is one of Silicon Valley's biggest success stories. Here's how Facebook grew from a website built in a Harvard dorm to one of the world's biggest companies. AdvertisementFacebook is a classic Silicon Valley success story: It's gone from an idea hatched in a Harvard dorm to one of the most powerful and influential companies in the world. These days, Meta has more than 2 billion people using its social network monthly and is one of the world's biggest companies.

Persons: Facebook, —, It's, Mark Zuckerberg Organizations: Meta, Facebook, Harvard, Service, Business

☆ Biden Tries to Close a Loophole
▼ + stars: | 2024-06-05 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

President Biden’s latest executive actions on immigration are an attempt to shrink a loophole that has allowed many people to enter the country without legal permission. That loophole is the asylum system. Not as intendedThe modern idea of asylum stems from World War II. Today, many migrants claim asylum even though they are not at risk of being persecuted. They instead want to move to the U.S. — understandably enough — because it is a richer, politically freer and less violent place than much of the world.

Persons: Biden’s, — Locations: South Sudanese

☆ Texas is poised to get its own stock exchange — with less red tape than the NYSE or Nasdaq
▼ + stars: | 2024-06-05 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Texas is set to get its own stock exchange, The Wall Street Journal reported. BlackRock and Citadel have backed the TXSE group, which has raised $120 million, per the report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTexas is set to get its own stock exchange to rival those in New York, The Wall Street Journal reported. He told The Journal the exchange would be based in downtown Dallas and aimed to open for trading in 2025.

Persons: —, James Lee Organizations: Texas, Street Journal, Citadel, Service, Securities and Exchange Commission Locations: BlackRock, New York, Texas, Dallas

☆ These are the states where it may be hardest to buy an EV
▼ + stars: | 2024-06-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Buying an EV may be more difficult in some states than others. Dealers in some rural states have limited supplies of electric cars, data from CarGurus has shown. The data included EVs in dealerships, but not those sold directly to customers, like Teslas. AdvertisementBuying an EV is more difficult in some states than others, new data has suggested. Data from car-listing platform CarGurus shows that over one-third of new electric vehicles are going to California, Texas, and Florida.

Persons: — Organizations: Dealers, Service Locations: CarGurus, California , Texas, Florida

☆ A job seeker says she was invited to a work happy hour after an interview, but it turned out to be another hiring test
▼ + stars: | 2024-06-05 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

Job hunters haven't had it easy in recent months despite a relatively strong labor market. One job seeker said she was invited to a happy hour after her on-site interview. But instead of mingling with potential colleagues, she met other candidates for the job, she said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A TikTok user named Marissa Marlowe shared her experience in a recent video, saying she'd applied for hundreds of jobs before being invited to an on-site test with a prospective employer.

Persons: haven't, —, Marissa Marlowe, she'd Organizations: Service, Business

☆ Jensen Huang signed a woman's chest. Yes, you read that right.
▼ + stars: | 2024-06-05 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang signed autographs, including a woman's top, at a Taiwanese tech event. 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 . In a crowded booth at a Taiwanese tech conference on Tuesday, the Nvidia CEO wore the same glasses and Tom Ford jacket he sported for Sunday night's keynote address. He signed Macbooks, chips, and even a woman's top, just above her cleavage.

Persons: Jensen Huang, —, Tom Ford Organizations: Nvidia, Service, rockstar, Business Locations: Taiwan

☆ 1,000 workers at one car factory in China were told to either quit or sit around on minimum wage until the market picks up again: Nikkei
▼ + stars: | 2024-06-05 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Li Auto workers are facing layoffs or minimum wage due to weak electric vehicle sales. 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 . AdvertisementAs China grapples with manufacturing overproduction, some workers at one of China's auto plants face a difficult choice about their jobs. Newlywed Lisa told Nikkei on Tuesday that in her brand-new factory for Li Auto, more than 1,000 employees like her were given the choice of either quitting or receiving minimum wage until business improves.

Persons: —, Newlywed Lisa, Lisa Organizations: Li Auto, EV, Service, Nikkei, Business Locations: China

☆ James Comey says Donald Trump is 'begging for a jail term' with his personal attacks on Judge Merchan
▼ + stars: | 2024-06-05 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Trump was found guilty of 34 felonies in his hush-money case and is set to be sentenced July 11. James Comey told CNN that usually, a white-collar crime like this wouldn't end in a prison sentence. "But this is a defendant who's begging for a jail term," Comey said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "But this is a defendant who's begging for a jail term by taking a flamethrower, not just to the judge, but to the entire process and the jury," Comey said.

Persons: Trump, James Comey, Comey, —, Donald Trump Organizations: CNN, Service, Business

☆ Tesla's ex-AI chief says it makes perfect sense for Elon Musk to divert Nvidia chips from Tesla to X
▼ + stars: | 2024-06-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk has been criticized for his decision to redirect Tesla's Nvidia chips to X. But Tesla's former head of AI infrastructure, Tim Zaman has come forward to defend Musk's decision. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDiverting Tesla's AI chips to X made sense given the logistics that come with assembling a supercomputer, the automaker's former head of AI infrastructure said on Tuesday. "The practicalities of building a supercomputer are insane once you get down to it," Tim Zaman wrote in an X post.

Persons: Elon Musk, Tim Zaman, Zaman, — Organizations: Service

☆ Jamie Dimon probably isn't too happy about how the Indian election went
▼ + stars: | 2024-06-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Indian's Prime Minister Narendra Modi lost his absolute majority in parliament on Tuesday. That is probably gonna be a bummer for JPMorgan boss Jamie Dimon who has been a big fan of Modi. Dimon was effusive in his praise for Modi, saying that he "has done an unbelievable job in India." AdvertisementJPMorgan chief Jamie Dimon probably isn't too happy that India's Prime Minister Narendra Modi lost his absolute majority in parliament on Tuesday. In April, Dimon effusively praised the Indian leader during an event at The Economic Club of New York.

Persons: Narendra Modi, Jamie Dimon, Modi, Dimon, —, hasn't, Dimon effusively, He's Organizations: Indian's, JPMorgan, Service, Wall Street, Modi, Economic, of New, Business Locations: India, of New York

☆ Celibacy is in — just ask Lenny Kravitz, Julia Fox, and Gen Z
▼ + stars: | 2024-06-05 | by ( Serafina Kenny | Kim Schewitz | ) www.businessinsider.com time to read: +6 min

Read previewCharlie Michael Baker used to be "majorly sexually active," but at age 17 he's decided he's not having any more sex. Charlie Michael Baker has decided to abstain from sex. But for others, not having sex is a more conscious choice. Similarly, Gen Z women in the US are swearing off sex because men they've dated have treated them badly, BI's Jordan Parker Erb reported last year. For Baker, celibacy makes him feel more comfortable with himself because he no longer feels the need to "keep a man happy," and avoids getting hurt by people who give him "false hope."

Persons: —, Charlie Michael Baker, he's, Baker, Julia Fox, Lenny Kravitz, Suki Waterhouse, Justin Bieber, Disney starlets, Zers, Roe, Wade, Zach Sang, Gen, they've, BI's Jordan Parker Erb, Bumble, hasn't, father's, Sandra Wheatley, Wheatley Organizations: Service, Business, Guttmacher Institute, Guardian, British Psychological Society Locations: Korean, Korea

☆ I'm an American mom in Germany. When naming my kids, I had to take into consideration the meanings in 3 languages.
▼ + stars: | 2024-06-05 | by ( Naomi Kaye Honova | ) www.businessinsider.com time to read: +4 min

My husband and I each speak our native languages to the kids, and they learn German from day care and school. It's fantastic that they're growing up with three languages, but sometimes having multiple languages can present some quandaries when it comes to finding baby names. One classic example is that certain letters sound different in various languages, such as the letter "j," which makes a "y" sound in languages like Spanish and German but a "djuh" sound in English. As a result, names like Jonas or Juliana may not sound quite the same in different languages. You can also test out names in various languages if you're unsure how they'll be received by talking directly to native speakers.

Persons: —, Jonas, Juliana, Caspar, Kasper, Casper, Zora, I've, Chloe, it's, Noah, Emma, they'll Organizations: Service, Business Locations: Germany, Czech, Denmark, Estonia, Switzerland, United States, Australia, Ireland, Norway, Canada, Slovakia, Italy

☆ India wants to be the new China. Modi's shock election result shows it won't be easy.
▼ + stars: | 2024-06-05 | by ( Huileng Tan | ) 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. The growth is in part thanks to a shift in supply chains and investment flows as companies try to stop relying solely on China. India's stock markets tanked on the shock election results, with the benchmark Sensex index crashing over 5% in one day on Tuesday following the news. Despite the knee-jerk reaction, most analysts are optimistic about India's economic outlook given that Modi is still in charge. He said India will do better to capitalize on its services industry, especially since so many Indians are English speakers.

Persons: —, Narendra Modi's, Modi, Atman Trivedi, China, Council's Trivedi, Vishnu Varathan, Raghuram Rajan, NPR's, It's, Rajan Organizations: Service, Indian, Business, Bharatiya Janata Party, —, Atlantic, Asia Center, Centre, Monitoring, Coalition, Albright, Group, Mizuho Bank, United Nations Population Fund, University of Chicago Booth School of Business, Central Bank of India, International Monetary Fund Locations: China, India, Communist China, Asia, Japan

☆ New airplane business class seat design has huge 45-inch TV screen
▼ + stars: | 2024-06-04 | by ( Francesca Street | ) edition.cnn.com time to read: +3 min

The two aviation powerhouses recently joined forces to reimagine the future of airplane TV and movie-viewing, via a swanky concept called MAYA. MAYA, which stands for “Most Advanced Yet Achievable,” is an ergonomic business class seat that comes equipped with an Astrova Curve 45-inch ultra-wide, ultra-high-definition OLED display. Collins Aerospace/Panasonic AvionicsThe screen syncs up with passengers’ personal devices, offering an impressive headphone-less audio system. Collins Aerospace/Panasonic AvionicsNot only is MAYA’s curved screen three times larger than classic business class seat options, Panasonic also envisages the seat offering an Ultra-Widescreen CinemaScope (21:9) display – a screen format more commonly found in cinemas. With that in mind, Masson calls the screen the “cinematic centerpiece” of MAYA’s design, but stresses the screen’s not only designed for movies.

Persons: you’ve, Andrew Masson, ” Collins, Masson, “, ” Organizations: CNN, Collins Aerospace, Panasonic, Panasonic Avionics, Aircraft Interiors, AIX, CNN Travel Locations: Hamburg, Germany

☆ 4 things to do as soon as layoff rumors hit the office, according to an HR professional with 20 years' worth of experience
▼ + stars: | 2024-06-04 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Leigh Henderson, a 42-year-old CEO of HR Manifesto, in San Antonio. I worked as an HR leader for nearly 20 years, supporting a handful of Fortune 100 organizations. Then after navigating a shocking layoff myself, I started HR Manifesto, a community on TikTok. AdvertisementAfter working in HR, here are four things I'd tell my friends to do if they heard rumors of layoffs happening in their office. AdvertisementIf you're an HR professional with advise on how to navigate the workplace during difficult times, and want to share your story, email Manseen Logan at mlogan@businessinsider.com.

Persons: —, Leigh Henderson, there's, you've, it's, what's, Manseen Logan Organizations: Service, Business, HR Locations: San Antonio, TikTok, mlogan@businessinsider.com

☆ Kevin Costner refused to shorten his memorable 17-minute eulogy at Whitney Houston's funeral: 'They can get over that'
▼ + stars: | 2024-06-04 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

Kevin Costner refused to shorten his eulogy at Whitney Houston's 2012 funeral despite requests. Costner was initially reluctant to speak but agreed after Dionne Warwick personally asked him. Costner's 17-minute eulogy highlighted their bond from "The Bodyguard" and became a viral moment. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn the latest episode of Dax Shepard's "Armchair Expert" podcast, Kevin Costner revealed that moments before he gave his emotional eulogy at Whitney Houston's funeral in 2012, he was asked to shorten his remarks.

Persons: Kevin Costner, Whitney Houston's, Costner, Dionne Warwick, —, Dax Shepard's, Whitney, I'm Organizations: Service, Business Locations: Houston

☆ French Open quarterfinal recap: Sinner world No. 1, Roland Garros feels like clay again
▼ + stars: | 2024-06-04 | by ( Matthew Futterman | Charlie Eccleshare | ) www.nytimes.com time to read: +6 min

Follow live coverage of Day 10 at the 2024 French OpenWelcome back to the French Open briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. On Day 10 of Roland Garros 2024, the men’s tour got a new world No. Today’s headline was defending champion Novak Djokovic withdrawing from the French Open. 1 on Monday, regardless of who wins the French Open title. Ons Jabeur may have lost, but her French Open run has been a boost to her confidence.

Persons: Roland Garros, Novak Djokovic, Iga Swiatek, Ash Barty, Aryna Sabalenka, Grigor Dimitrov, Djokovic, Sinner, “ It’s, ”, Dimitrov, Coco Gauff, what’s, Gauff, Jabeur, “, It’s, Carlos Alcaraz, Tsitsipas, Alcaraz, Swiatek, Rafael Nadal —, Marketa Vondrousova, Stefanos Tsitsipas, Jasmine Paolini, Elena Rybakina, Mirra, Alexander Zverev, Alex de Minaur, Christian, Eamonn Dalton Organizations: U.S, Bulgarian, Wimbledon, French, Getty, The Athletic Locations: Paris, 3400RPM

☆ MLB bans Padres player for betting on his team's games
▼ + stars: | 2024-06-04 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

MLB player Tucupita Marcano has been banned for gambling on his own team's games. Marcano bet on 25 Pittsburgh Pirates games he didn't play in. AdvertisementIn yet another spots-betting scandal, San Diego Padres player Tucupita Marcano has been permanently banned for gambling on hundreds of games — including his own team's. Major League Baseball (MLB) cited Rule 21 stating players can't bet on games where they have "a duty to perform," but noted Marcano didn't actually play in any of the games. Four other players also received one-year suspensions for gambling, MLB announced Tuesday.

Persons: Tucupita Marcano, Marcano, —, didn't Organizations: Pittsburgh Pirates, Service, San Diego Padres, Major League Baseball, MLB, Business

☆ John Oliver warns India is 'sliding towards authoritarianism' as Modi declares victory in tighter-than-expected election
▼ + stars: | 2024-06-04 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Read previewTV host John Oliver took aim at India's elections and its prime minister, Narendra Modi, on Sunday night, warning that the nation was "sliding towards authoritarianism." In his classic "roast" style, Oliver noted Modi's increasing tendency towards censorship and anti-Muslim rhetoric. Finally, Oliver called for an end to the "uncritical, fawning praise" for Modi coming from the international community. AdvertisementThough Modi and the BJP appear to have come out on top, the party's lead is surprisingly narrower than expected. Prior to voting, Modi said the BJP sought to win around 400 seats, per the BBC.

Persons: —, John Oliver, Narendra Modi, Modi, there's, Oliver, Modi's, There's, He's Organizations: Service, Business, HBO, North, Bharatiya Janata Party, BJP, BBC Locations: India, Ukraine, North Korea, Sudan, British

☆ Why this AI researcher thinks there's a 99.9% chance AI wipes us out
▼ + stars: | 2024-06-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

For example, a recent study conducted with 2,700 AI researchers indicated there's only a 5% chance that AI will lead to human extinction. The AI researcher teaches computer science at the University of Louisville and just came out with a book called "AI: Unexplainable, Unpredictable, Uncontrollable." Yampolskiy said he finds that unlikely since no AI model has been completely safe from people attempting to get the AI to do something it wasn't designed to do. AdvertisementGoogle AI Overviews, based on Google's Gemini AI model, is the latest product rollout that didn't stick the landing. The CEO of ChatGPT developer OpenAI, Sam Altman, has suggested a "regulatory sandbox" where people experiment with AI and regulate it based on what "went really wrong" and what went "really right."

Persons: —, Lex Fridman, Fridman, Roman Yampolskiy, Yampolskiy, they've, Biden, Sam Altman, Altman, there'll, ChatGPT, Elon Musk, Eric Schmidt, Schmidt Organizations: Service, Business, University of Louisville, Google Locations: Africa

☆ Stock market today: Stocks rise and yields fall as fresh data points to cooling job market
▼ + stars: | 2024-06-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Cooling labor also extended a Treasury rally, with yields on the benchmark 10-year note dropping over seven basis points. Advertisement"When the job market was red-hot in 2022, Fed officials were getting concerned that wage-price pressures could cause inflation to accelerate out of control," Comerica's chief economist Bill Adams said. "Most labor indicators are pointing to a considerably cooler job market now. In Bank of America's view, a reading of 125,000-175,000 would be the optimal range, pointing to continued strength without the need to keep interest rates higher for longer. The bank said a reading in that range would be a catalyst for further stock market gains.

Persons: —, Tuesday's, That's, Bill Adams, Powell, May's Organizations: Fed, Service, Bureau of Labor Statistics, Federal Reserve, Treasury, Bank, Here's

☆ Home prices could drop for the next 6 months as inventory rises by the biggest margin since the financial crisis, investment strategist says
▼ + stars: | 2024-06-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Home prices could start falling as soon as the end of summer, one strategist predicts. That's due to a sharp rise in unsold homes, with inventory climbing 16% year-per-year in April. That's the highest increase in unsold inventory recorded since the Great Financial Crisis. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That's according to Brian Nick, a senior investment strategist at Macro Institute, who's calling for a drop in home prices that could take place over the next three to six months.

Persons: —, homebuyers, Brian Nick, Nick Organizations: Service, Macro

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