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☆ These are the telltale signs of a fake Hermès Birkin, according to a vintage luxury expert with 20 years of experience
▼ + stars: | 2024-10-29 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

A vintage expert with 20 years of experience says there are telltale signs to spot a fake Hermès Birkin. Here's what to look out for when picking out a vintage Birkin. I've learned strategies that help me identify specific things about luxury bags, from their model to configuration, just by looking at a piece. Here are tips on detecting if the vintage Birkin you're eyeing is authentic. Edward Berthelot/Getty ImagesIf you have a Hermès Birkin, you will know that the way the leather is treated gives it an almost perfumed smell.

Persons: Birkin, —, Koyaana Redstar, Louis Vuitton, Chanel, I've, Kelly, Hermès, Counterfeiters, Hermès Birkin, Dario Cantatore, they've, That's, Birkin suede, Edward Berthelot Organizations: telltale, Service, Luxe, eBay, Rebag Locations: Los Angeles, New York, Hermès

☆ Sports betting is the next frontier for Wall Street's smartest quants to conquer
▼ + stars: | 2024-10-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

The space has exploded in the US as dozens of states have legalized online gambling. Just as quant traders have changed equity markets forever, sports betting might be next. AdvertisementThrough the second quarter of this year, online gambling site FanDuel averaged 3.3 million bettors each month. AdvertisementAlready, the smartest Novig users are sanding away the easiest returns. There's demand from Novig users for the exchange to release software that would allow traders to program a bot to trade for them.

Persons: —, Ed Thorp, Jim Simons, Ken Griffin, AQR's Cliff Asness, PDT's Peter Muller, Bill Bentley, Kelechi Ukah, Jacek Dmochowski, Paddy, Dmochowski, Jane, Ukah, sportsbooks Organizations: Service, Renaissance Technologies, MIT, Business, City College of New, Sports, UCLA, Paddy Power, MGM Locations: Dublin, City College of New York, Vegas

☆ Why Boeing's $21 billion share sale is an early Christmas present for Wall Street
▼ + stars: | 2024-10-29 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

AdvertisementWall Street bankers tasked with helping companies raise money through sales of stock just got an early Christmas present. The sale ended up raising nearly $21 billion, marking one of the largest deals for US equity-capital-markets bankers in history. Thanks to the Boeing capital raise, he now predicts ECM bonus increases of 30%, he said. 'A rising tide lifts all boats,' comp expert saysThe ultimate size of Boeing's capital raise puts it in league with some of the largest raises ever, according to global equity capital raise data provided by LSEG. But, based on Johnson's forecast, it seems those involved in the Boeing capital raise may find themselves flying highest on bonus day.

Persons: Goldman Sachs, —, bookrunners Goldman Sachs, Morgan Stanley, Alan Johnson, Johnson, Semafor, Thoma Bravo, It's, they've Organizations: Boeing, PJT Partners, RBC Capital Markets, Service, Monday, Bank of America, Citigroup, JPMorgan, Wall, Johnson Associates, LSEG, Petrobras, Lloyds, Nasdaq Locations: Brazilian, British

☆ Google's been on an efficiency drive. Its new CFO said it can 'push a little further.'
▼ + stars: | 2024-10-29 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Google's new CFO, Anat Ashkenazi, signaled the company can do more to save money and move faster. She said leaders had done good work cutting costs, and they could "push a little further." Google is ramping up its spending on AI, and Wall Street analysts want more details. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ashkenazi name-checked Google CEO Sundar Pichai and former CFO Ruth Porat for doing "really good work" in starting to rework Google's cost base.

Persons: Anat Ashkenazi, —, Sundar Pichai, Ruth Porat, Ashkenazi, Mark Mahaney, Pichai, Sundar Organizations: Google, Wall Street, Service, BNP

☆ Five Apple Intelligence features that you can try out now on your iPhone
▼ + stars: | 2024-10-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Apple released AI features for the iPhone 15 Pro and later models with Monday's iOS 18.1 update. AdvertisementThe first Apple Intelligence features are out now. Jordan Hart/BIThe "writing tools" feature has been one of the more visible Apple Intelligence features since it was first announced in June. Jordan Hart/BIWith Apple Intelligence enabled on the Messages app, iPhone owners can get texts summarized in the notification center. Apple, in a disclaimer on its website, said Apple Intelligence "outputs may vary."

Persons: —, that's, Max, Jordan Hart, Hey, Desmond Organizations: Apple, Apple Intelligence, Service, Worldwide, Conference, Bloomberg, Kansas City Chiefs, Chiefs, Raiders

☆ I visited Tatte Bakery & Café. The fast-casual chain is so incredible that states without it should be jealous.
▼ + stars: | 2024-10-29 | by ( Alice Levitt | ) www.businessinsider.com time to read: +1 min

I've been to Tatte Bakery & Café a few times and recently visited a location in Reston, Virginia. The chain has 40 cafés throughout Massachusetts and the greater DC area. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.

Persons: I've, —, it's Organizations: Service Locations: Reston , Virginia, Massachusetts, Boston, Washington

☆ Data startup Matia just emerged from stealth with a $10.5 million seed round — check out its 11-slide pitch deck
▼ + stars: | 2024-10-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Miami-based data operations startup Matia has secured $10.5 million in seed funding. BI got an exclusive look at the 11-slide pitch deck Matia used to secure the fresh funding. AdvertisementMiami-based data management startup Matia has just come out of stealth with $10.5 million in seed funding. The startup's pitch deck, shared exclusively with BI, states that it has four early customers and 10 companies who are showing "strong interest." Check out the 11-slide pitch deck used to secure the fresh funding.

Persons: —, Benjamin Segal, Segal, Matia, Benjamin, Geva Organizations: BI, Service, Leaders Fund, Cerca Partners, Caffeinated Locations: Miami

☆ Ford cuts profit forecast as high costs and low volumes hit hard
▼ + stars: | 2024-10-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

The guidance stems from high costs and low volumes of Ford Pro and Ford Blue models. Ford aims to compete with Chinese EV makers by reducing costs and innovating designs. It said the guidance was hurt by costs and low volumes of its most profitable cars, Ford Pro and Ford Blue, due to supplier and hurricane-related disruptions. He said that finding new designs for components or using new suppliers will be key to reducing EV costs. Chinese EV makers have been on a roll this year.

Persons: Ford, —, Jim Farley, Farley, I've, Stellantis, Tesla Organizations: Ford Pro, Ford, Service, Companies, EV, European Union, Motors, Chrysler Locations: Russia, Shanghai, Chicago, China

☆ The election-betting market has exploded in popularity this presidential cycle
▼ + stars: | 2024-10-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Betting markets are booming ahead of the US Presidential election. Kalshi has attracted $100M in election bets this month and is the top free finance app in Apple's app store. Robinhood is getting in on the action, announcing its own election betting platform on Monday. Earlier this month, a US federal appeals court cleared Kalshi to open its election betting platform for US citizens. Interactive Brokers also launched a slew of election betting contracts earlier this month following the court decision to allow Kalshi to operate.

Persons: Kalshi, —, we're gunning, Tarek Mansour, it's, Donald Trump, Mansour, TikTok Organizations: Service, Apple, PayPal, CNBC, Interactive, Kalshi

☆ My daughter ate at McDonald's and got sick 10 days later. Now she's hospitalized with E. coli and acute kidney failure.
▼ + stars: | 2024-10-29 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +5 min

Brittany Randall believes her 15-year-old daughter contracted E. coli after eating at McDonald's. My 15-year-old daughter, Kamberlyn, ate the same meal at McDonald's, a Quarter Pounder with cheese and extra pickles, on September 25 and September 27. Ten days later, we were transferred to the nearest children's hospital for her to receive dialysis treatment for a life-threatening complication of E. coli. Kamberlyn told me she felt a bit better after receiving fluids from the hospital. The Food and Drug Administration has identified the onions on McDonald's Quarter Pounders as a possible source of this outbreak.

Persons: Brittany Randall, —, Kamberlyn Bowler, we'll, I'd, Kamberlyn, It's, she's, she'll, I'm, Bowler, Ron Simon, Joe Erlinger Organizations: Service, Business, McDonald's, Associates, Drug Administration Locations: Mesa County , Colorado

☆ Palmer Luckey says he still holds a grudge over his Meta ousting — but not against Zuck
▼ + stars: | 2024-10-29 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Palmer Luckey told MIT Technology Review he's still "sore" about being ousted from Facebook in 2017. Luckey, who founded Oculus VR, has since turned his efforts to Anduril, a defense tech company. AdvertisementPalmer Luckey is still angry about his ousting from Facebook eight years ago — but the billionaire virtual reality guru doesn't blame Meta CEO Mark Zuckerberg. Much of his remaining ire, Luckey told the outlet, is reserved for less well-known people involved in the situation, such as public relations agents, reporters, and lawyers. "Anyway," Luckey told MIT.

Persons: Palmer Luckey, Mark Zuckerberg, —, Palmer, Luckey, I'd, I've, it's, It's, Meta —, Facebook —, Donald Trump, Zuckerberg, Zuck, Luckey's, resentments, Andrew Bosworth, Meta Organizations: MIT Technology, Facebook, VR, Service, Meta, Trump, MIT, Reality Labs, Pepperdine University Locations: Luckey, Meta

☆ Parenthood — and the choice to be childfree — is at stake this election. 3 Americans explain how it's impacting their vote.
▼ + stars: | 2024-10-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +7 min

Ahead of Election Day, Business Insider spoke with voters about how family and reproductive healthcare access will influence their decision. Along the spectrum of support for abortion access, one common thread stood out: The cost of raising a family. In terms of abortion access, Trump has bragged about his role in overturning Roe v. Wade — a decision that led to 41 states with bans. In her first time voting for president, Sark said she plans to vote third party, likely for Green Party candidate Jill Stein. "I don't think that there's really anything that we can do about abortion in this election," Sark said.

Persons: Roe, Wade, —, Donald Trump, Kamala Harris, Kristan Hawkins, Harris, Trump Erica Choinka, Trump, Choinka, Trump's, Wade —, Harris Stephanie Gomez, Gomez, haven't, Avie Sark, Sark, Jill Stein Organizations: Business, Service, Trump, Republican, Life, Democratic, Green Party Locations: Missouri, Jefferson City , Missouri, Roe, Texas, Houston, Austin, Indiana, Sark

☆ I taught college-bound seniors for a decade. Here's what many wanted their parents to know about college admissions.
▼ + stars: | 2024-10-29 | by ( Alexandra Frost | ) www.businessinsider.com time to read: +6 min

Most students want their parents to know that they are stressed about paying for college, too. AdvertisementI was a teacher for 10 years, and many high school students would take refuge in my classroom during lunchtime. AdvertisementKids want to choose their major and don't want parents' inputIt's the first question any new college student gets repeatedly: What's your major?" I watched numerous groups of students choose the same college so they wouldn't be separated. All of this can be more easily achieved if parents and college-bound kids are open to having conversations.

Persons: —, Taylor, it's, I'm, aren't, couldn't Organizations: Service Locations: America

☆ Chanel CEO describes the ChatGPT fail that happened while visiting Microsoft headquarters
▼ + stars: | 2024-10-29 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Chanel CEO Leena Nair visited Microsoft to discuss AI, she told Stanford's business school. Chanel is preparing for AI integration and testing experiments including chatbots, Nair said. AdvertisementChatGPT may be one of the major contenders in the AI race, but Chanel CEO Leena Nair was left slightly less than impressed by it during her trip to Microsoft headquarters. "And we're like, 'Show us a picture of a senior leadership team from Chanel visiting Microsoft' — it is all men in suits." Yes, 76% of my organization is women, 96% of my clients are women, female CEO," Nair said.

Persons: Leena Nair, Nair, Chanel, —, you've Organizations: Microsoft, Service, Stanford Graduate School, ChatGPT, Chanel, Unilever, Business Locations: Seattle

☆ Elon Musk is backing Trump. Is Musk's Twitter backing Trump, too?
▼ + stars: | 2024-10-29 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Is this because Twitter users want this? AdvertisementIs X, the service many of us still call Twitter, more likely to show users political posts from Republicans, or right-leaning accounts? But they both hover around two possibilities, which aren't mutually exclusive:AdvertisementTheory 1: Twitter is showing users what users want to see. And it's entirely plausible that some left-leaning users have left the platform during Musk's ownership, in part because he reinstated accounts from right-leaning users, including Trump himself. This is a notion that some current and former Twitter users believe, though there's no direct proof that it's the case.

Persons: Elon Musk, —, Musk, Donald Trump's, I've, Twitter, Twitter they're, Kamala Harris, Harris, Trump, Platformer's Zoë Schiffer, he's, Ron DeSantis Organizations: Republican, The Washington Post, Street, Twitter, Trump, Service Locations: The, Florida

☆ Google delivers a big earnings beat fueled by AI growth
▼ + stars: | 2024-10-29 | by ( Ana Altchek | Geoff Weiss | ) www.businessinsider.com time to read: +5 min

The company beat on revenue, EPS, its ads business, and Google Cloud revenue, which grew 35% year over year. Revenue from Google Cloud grew 35% year over year to $11.4 billion, bolstered by "accelerated growth" in the company's AI products, the company said. Here are the key numbers for the third quarter compared to analysts' estimates:AdvertisementEarnings per share : $2.12 vs. $1.83 expected: $2.12 vs. $1.83 expected Revenue : $88.27 billion vs. $86.44 billion expected: $88.27 billion vs. $86.44 billion expected Google Advertising : $65.9 billion vs. $65.5 billion: $65.9 billion vs. $65.5 billion YouTube advertising revenue : $8.92 billion vs. $8.89 billion expected: $8.92 billion vs. $8.89 billion expected Google Cloud revenue: $11.35 billion vs. $10.79 billion expectedSource for analyst expectations: BloombergAlphabet and Google CEO Sundar Pichai said the company's AI investments were "paying off." The AI results will now reach over 1 billion users on a monthly basis, he said, and ads in AI Overview are "performing well." Related stories"Today, more than a quarter of all new code at Google is generated by AI then reviewed and accepted by engineers," Pichai said.

Persons: Sundar Pichai, —, Pichai, Demis Hassabis, Evelyn Mitchell, Wolf, Mitchell Organizations: Google, Service, Google Cloud, Bloomberg, Apple, DOJ, Business

☆ Restaurants made big changes to cope with the pandemic. Lots of them have stuck.
▼ + stars: | 2024-10-29 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Restaurants made big changes during the pandemic to minimize the spread of COVID. Some of these changes have stuck, like QR code menus, higher cleaning standards, and more takeout. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . State after state introduced lockdowns, banning large groups of people and temporarily shutting eateries. Here is a list of a few of the changes which stuck.

Persons: —, Mary King Organizations: Service, The Locations: State

☆ US Air Force wildly overpaid Boeing by almost 8,000% for C-17 aircraft bathroom soap dispensers, Pentagon watchdog finds
▼ + stars: | 2024-10-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

The US Air Force majorly overpaid for C-17 spare parts, including bathroom soap dispensers, per a Pentagon watchdog. AdvertisementThe US Air Force overpaid for spare parts for a C-17 military transport aircraft manufactured by Boeing, according to a new watchdog report. The audit, which detailed cost issues with a variety of C-17 spare parts, blamed the overpayment on a lack of oversight by the Air Force. The C-17 is a workhorse for the Air Force and joint force, transporting troops and a variety of assets. US Air Force photo by Staff Sgt.

Persons: —, Brandon Vasquez, Cory D, Payne, Robert P, Storch Organizations: US Air Force, Pentagon, Service, Boeing, Air Force, Department of Defense, Spc, Defense Contract Management, Staff, Air

☆ Mortgage rates will be high throughout 2025 even as the Fed lowers borrowing costs, Goldman Sachs says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Mortgage rates will remain above 6% throughout 2025, Goldman Sachs said. In the bank's 2025 Housing Outlook, the analysts forecast mortgage rates will remain elevated, even as the Federal Reserve cuts interest rates. They expect mortgage rates to stay above 6% next year and end 2025 at 6.1%. "Our strategists expect mortgage rates to remain elevated for the foreseeable future," the analysts, led by Jan Hatzius, said in a Monday note. AdvertisementThey pointed to a variety of technical factors, including lower rates volatility and a rebound in demand for mortgage-backed securities that will help close the gap between risk-free rates and mortgage rates.

Persons: Goldman Sachs, —, Freddie Mac, Jan Hatzius Organizations: Analysts, Service, Federal Reserve, Treasury

☆ Colin Allred is in a tight race with Ted Cruz. Here's how he's planning to become Texas' first Democratic senator in decades.
▼ + stars: | 2024-10-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +8 min

The marquee Senate race between Colin Allred and Ted Cruz could reveal a lot about Texas' identity. In total, Allred has raised more than $80 million for the Senate race, according to his campaign. AdvertisementThe electoral mapIn 2018, then-Rep. Beto O'Rourke traversed Texas during his Senate campaign and in the process visited all of the state's 254 counties. Business Insider has reached out to the Cruz campaign for comment. Advertisement"When you have a one-party rule state for so long, you can get an impression that there's no changing it," Allred told me.

Persons: Colin Allred, Ted Cruz, Cruz's, —, they've, hasn't, Colin Allred —, Sen, Allred, Cruz, Donald Trump, Kamala Harris, Chuck Schumer, Roe, Wade, Harris, Beyoncé, It's, Beto O'Rourke, O'Rourke, Brandon Bell, he's, Trump, Mark, Jones, Greg Abbott, John Cornyn Organizations: Lone Star State, Service, Congressional, New York Times, Marist College, Morning, University of Houston Hobby School of Public Affairs, Senate, PAC, Democratic, Republican, NFL, US, Times, Texas, —, El, Texans, Sun, Rice University, Texas Republicans, Business, Republicans Locations: Texas, Houston, Dallas, Siena, York, El Paso, Congress, Austin, San Antonio, Arizona, Georgia, Cancún, Mexico

☆ I started seeing a therapist when my job as a Singapore Airlines flight attendant got too stressful. It changed my career path.
▼ + stars: | 2024-10-29 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

AdvertisementThis as-told-to essay is based on a conversation with Abby Ooi, a therapist, graduate student, and former Singapore Airlines flight attendant. I wanted to become a flight attendant — something I had fantasized about since I was young. But a few months into my second year of working for Singapore Airlines, I started experiencing a lot of stress. After 6 years at Singapore Airlines, I left in February and moved to Sydney a week later. A representative for Singapore Airlines did not respond to a request for comment from BI.

Persons: Abby Ooi, —, Ooi, Eager, I'm Organizations: Service, Singapore Airlines, Monash University, University of Sydney Locations: Malaysia, Singapore, of, New York City, California, Sydney, San Francisco

☆ Meet Miriam Adelson, the billionaire GOP donor who's given $100 million to support Donald Trump's campaign
▼ + stars: | 2024-10-29 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Miriam Adelson, 79, is the widow of casino magnate Sheldon Adelson. Miriam Adelson is one of Donald Trump's top donors in 2024. Go to newsletter preferences Thanks for signing up! After Sheldon Adelson's death in 2021, Miriam Adelson has continued to channel her fortune into reelecting Donald Trump as one of his wealthiest donors. Here's a closer look at Miriam Adelson's background, wealth, and political leanings.

Persons: Miriam Adelson, Sheldon Adelson, Donald Trump's, —, Sheldon Adelson's, Donald Trump, Here's, Miriam Adelson's Organizations: GOP, Service, Vegas Sands Corporation, Forbes, Adelson Foundation

☆ Why Citadel's longest-running equities unit is focused on shorting stocks
▼ + stars: | 2024-10-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Justin Lubell, Citadel's Global Equities head, said shorting has been a big driver of returns. There's less competition in the space compared to going long on stocks, he said. Anthony Bozza, the founder of Lakewood Capital, called those who know who to short stocks a "dying breed." AdvertisementWhile some big bets against specific stocks have blown up in hedge funds' faces in recent years, there's still a focus on shorting at Citadel's longest-running equities unit. Related storiesEven investors known for bold short bets have moved away from the practice.

Persons: Justin Lubell, shorting, Anthony Bozza, —, there's, Ken Griffin's, Lubell, Robin, Gavin Baker, Lee Ainslie, Steve Cohen's Point72, Gabe Plotkin's Melvin Capital, Pershing, Bill Ackman, Bozza Organizations: Citadel's Global, Service, Citadel's, Citadel Global, Robin Hood Investors Conference, Business, Management, Lakewood Capital, Maverick Capital, GameStop, Lakewood Locations: Lakewood Capital, New York

☆ China is eyeing $1.4 trillion in fiscal stimulus and even more if Trump is elected, report says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

China is considering a fresh $1.4 trillion stimulus, Reuters reported. The package could be approved next week and would increase in size if Trump wins the election. The large fiscal stimulus would be increased if Republican nominee and former President Donald Trump wins the US election, the report says. The remaining 4 trillion yuan would be raised by local government bonds and put toward idle land and property purchases, the sources told Reuters. AdvertisementIf Trump is elected, the stimulus package could be higher due to the economic challenges Trump's policies would pose for China, the sources told Reuters.

Persons: Trump's, —, Donald Trump, Trump, he's, Goldman Sachs Organizations: Reuters, Trump, Service, Republican, National People's Congress, China, Wall Locations: China, Beijing

☆ Weight loss care is leading IPO-hopeful Omada Health's latest growth surge as Ozempic boom continues
▼ + stars: | 2024-10-29 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

The startup says care for GLP-1 patients has become its most popular front door for new customers. AdvertisementLast spring, diabetes startup Omada Health said it wanted to help employers manage patients taking a blockbuster new class of weight-loss drugs. Omada Health's metabolic health program has now become the entry point for most new employers considering contracts with Omada Health, Duffy said. Launched in 2011, Omada provides virtual care for diabetes, hypertension, musculoskeletal care, and diabetes prevention, alongside obesity, to employers, health plans, and even health systems. The firm said GLP-1 drugs for obesity account for about 10% of all pharmacy spending.

Persons: —, Duffy, Omada, haven't, buzzy, Willis Towers Watson Organizations: Service, Omada Health, Business, Nordisk's Ozempic Locations: WeightWatchers, GLP

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