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☆ A Gen Zer who moved to Indianapolis, where she pays less than $1,700 in rent, shares the pros of living in 'a big city with small-town charm.'
▼ + stars: | 2024-06-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

She also resided in New York City, and she has studied abroad and worked in Italy. Now working and living in Indianapolis, Ball doesn't see herself leaving this Midwest city soon. With a population of over 800,000, Ball finds Indianapolis is "a big city with small-town charm." "There was just something really charming about the city," Ball said. Courtesy of Milan BallShe does miss getting around via subway in New York City and finds it tough not having a car to get around in Indianapolis.

Persons: —, she's, Ball, Zers, Indiana University Lilly, I'm, didn't, Ball's, Milan Organizations: Service, Business, Midwest Ball, Indianapolis, Indiana University, Indiana University Lilly Family School of Philanthropy, Innovation, Public Locations: Indianapolis, Virginia, New York City, Italy, Midwest, New York, Washington, DC, York, Williamsburg, White

☆ My partner and I spend $40 a week at Aldi. Here are 17 things we love to buy and how we use them.
▼ + stars: | 2024-06-27 | by ( Joe Opaleski | ) www.businessinsider.com time to read: +1 min

My fiancée and I spend about $40 buying groceries at Aldi each week. 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 . Two years ago, we could get by on a grocery budget of $20 a week, but rising inflation changed all that. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Aldi, Service, Business

☆ Billionaire Joe Ricketts' latest drama is right out of 'Yellowstone'
▼ + stars: | 2024-06-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

While the regional wildlife coordinator for Wyoming Game and Fish supported the proposal, Ricketts' neighbors were another story, the Nebraska Examiner said. That's what I kind of equate it to," one local told The Daily Beast about Ricketts at the time. "That's just not something that's ever going to be well received, whether it was Mr. Ricketts or the next billionaire with a big dream and a big plan." And in the end, Ricketts is getting his big dream and big plan — just not when he wants it. According to estimates at the town meeting, the hotel will now take six years to build rather than three.

Persons: —, Joshua Coursey, Joe Ricketts —, Donald Trump, Ricketts, Forbes, Jackson, " Ricketts, Little Jackson, He's, Fish, Foundation's Coursey, Matthew Prince, Prince, Bill Gross, Dale Chihuly, Gross, Vinod Khosla, Coursey, That's Organizations: Service, Business, Foundation, Chicago Cubs, Wyoming, Nebraska Examiner, City, Daily Locations: Bondurant, Wyoming, Paramount's, Sublette County , Wyoming, Teton County, Los Angeles and New York, Northwest Wyoming, Sublette, Laguna Beach , California

☆ All 17 Disney live-action remakes ranked from tolerable to downright unwatchable
▼ + stars: | 2024-06-27 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

In 2010, Disney began releasing live-action remakes of some of its classic animated films in earnest. In almost every case, the original animated film is superior to its live-action remake. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRemaking animated films or TV shows in live-action is only becoming more frequent in Hollywood — just look at shows like "Avatar: The Last Airbender," "One Piece," and "Cowboy Bebop." There have been 17 live-action remakes or reimaginings of its classic animated films, give or take a few additional sequels.

Persons: — Organizations: Disney, Service, Hollywood, Business

☆ Inside Europe's tech hubs: France's AI push puts it on the rise
▼ + stars: | 2024-06-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +31 min

Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.

Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv

☆ Analyst discusses surge in Nvidia shares
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses surge in Nvidia sharesBob O'Donnell, president and chief analyst at Technalysis Research, outlines market sentiment toward the U.S. artificial intelligence tech giant.

Persons: Bob O'Donnell Organizations: Technalysis Research

☆ Boeing says its space mission is 'going well' despite its Starliner leaving 2 astronauts stuck on the ISS
▼ + stars: | 2024-06-27 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing is doing damage control as its first crewed commercial spacecraft remains on the International Space Station (ISS) with no confirmed return date. This story is available exclusively to Business Insider subscribers. AdvertisementAs Business Insider previously reported, helium supports Starlink's reaction control system thrusters, which allows them to fire. "Starliner is performing well in orbit while docked to the space station," the spokesperson said, though they added that no return date has been confirmed.

Persons: —, Butch Wilmore, Suni Williams Organizations: Service, Space, NASA, Business, Boeing, Financial Times Locations: Boeing's

☆ CNBC Daily Open: Amazon enters $2 trillion club
▼ + stars: | 2024-06-27 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury rose as investors parse comments from Fed officials and await key inflation data due Friday. $2,000,000,000,000Amazon's market capitalization surpassed $2 trillion for the first time on Wednesday, joining the ranks of tech giants like Apple and Microsoft. YouTube dominanceAlphabet's YouTube, the pioneer of user-generated content, continues to dominate media consumption, now accounting for nearly 10% of all TV viewership in the U.S.

Persons: Annie Palmer, Elliott Management, Sanjay Mehrotra, Rich Greenfield, Piper Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Apple, Microsoft, Southwest Airlines, Delta, Micron, YouTube, Nielsen, Netflix, Media, Disney, Warner Bros Locations: Shein, U.S

☆ Stock market today: Indexes edge higher, yields fall ahead of the Fed's favorite inflation gauge
▼ + stars: | 2024-06-27 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Stocks ended Thursday slightly higher ahead of a key update on inflation. PCE for May will be published on Friday morning, providing new hints about when rate cuts may be coming. Chip firms Nvidia and Micron dipped in Thursday's session, though the broader Nasdaq edged higher. Bond yields dipped ahead of the new data, with the 10-year Treasury yield falling about two basis points to 4.292%. "More recent data have moved in the right direction, but not by enough to convince the Fed that inflation is whipped."

Persons: Stocks, —, economy's, Bill Adams, Michelle Bowman, Keith Gill Organizations: PCE, Nvidia, Micron, Nasdaq, Service, Commerce Department, Treasury, Friday's PCE, Federal Reserve, Comerica Bank, Fed, Here's Locations: Friday's, U.S, Chewy

☆ Releasing ChatGPT made OpenAI the poster company of the AI race. But winning it is proving really hard.
▼ + stars: | 2024-06-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read preview"Try talking with it here," Sam Altman wrote on X, linking to an "early demo" of ChatGPT. AdvertisementIt made OpenAI the poster child of the race to create human-like artificial general intelligence, which has become Altman's stated mission. OpenAI still has no release date for Sora, the model that generates videos based on users' text prompts and was first demonstrated publicly in February. AdvertisementThis month did give OpenAI something to celebrate; Apple announced that it was partnering with the company to bring ChatGPT to iPhones, iPads, and Macs. ChatGPT gave OpenAI a headstart in the race to make AGI.

Persons: —, Sam Altman, ChatGPT, Altman's, OpenAI, Scarlett Johansson, Altman, Sora, Sundar Pichai, Claude, OpenAI isn't Organizations: Service, Business, Tech, Microsoft, Apple, Google, Meta, ChatGPT, Chatbot Locations: Silicon Valley, GPT

☆ Bed Bath & Beyond board members were concerned Ryan Cohen got insider info before his $60 million windfall, new deposition details show
▼ + stars: | 2024-06-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Bed Bath & Beyond board members were concerned Ryan Cohen was getting insider information. Sue Gove, the company's CEO, said in a deposition that she was concerned about Cohen's relationship with board members. AdvertisementBed Bath & Beyond board members were concerned Ryan Cohen received insider information before making $60 billion selling the company's stock, according to a deposition by CEO Sue Gove. Ben Rosenzweig, one of the directors on Bed Bath & Beyond's board, was known to have private contact with Cohen, the deposition said. Their conversations revolved around the personalities of other board members and whether Cohen's nominees for Bed Bath & Beyond's board were let in on calls, according to the testimony.

Persons: Ryan Cohen, Sue Gove, Gove, Cohen, —, Ben Rosenzweig, Rosenzweig, Ryan, they've Organizations: Service, Bed, GameStop, Business

☆ Roaring Kitty post of a dog sparks brief rally in shares of Chewy and Petco
▼ + stars: | 2024-06-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Chewy and Petco shares spiked briefly on Thursday after Keith Gill posted a dog on his X account. Chewy shares were up as much as 28%, while Petco shares surged as much as 13%. The petcare stocks spiked around 1:00 p.m. as Gill posted the image. Shares soared again when the famous retail trader posted screenshots on his Reddit account, which revealed he owned 5 million shares of GameStop stock. He's since nearly doubled his stake to 9 million shares and is among the top holders of the video game retailer's stock.

Persons: Keith Gill, —, Gill, Chewy, Petco Organizations: Service, Petco, Wellness Company, GameStop

☆ Chinese automakers expected to achieve 33% global market share by 2030
▼ + stars: | 2024-06-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Much of the growth, from a forecast 21% market share this year, is expected to come outside of China. The rapid expansion of Chinese automakers is a growing concern for legacy automakers and politicians globally. In North America, Chinese automakers are forecast to only achieve a 3% market share, largely in Mexico, where one in five vehicles are expected to be Chinese brands by 2030. In most other major regions of the world, AlixPartners reports that the share of Chinese automakers is expected to exponentially grow. Chinese brands in China also are expected to grow from 59% to 72% in market share, according to AlixPartners.

Persons: AlixPartners, Mark Wakefield Organizations: Auto Guangzhou, China Import, Export, Visual China, Getty Images, AlixPartners, General Motors, Nurphoto, Getty Locations: Guangzhou, Guangdong Province of China, China, Japan, North America, U.S, AlixPartners, Mexico, Central, South America, Southeast Asia, East, Africa, Bangkok, Nonthaburi Province, Thailand

☆ EToro surveyed 10,000 retail investors to see what's in their portfolios. Here's the breakdown of how they're betting on cash, crypto, and their top 3 stock-market sectors.
▼ + stars: | 2024-06-27 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

EToro surveyed 10,000 retail investors in 12 countries to see what they're holding in their portfolios, collecting data from the period of May 15 to June 5, 2024. Thirty-eight percent and 32% of retail investors in these countries, respectively, own cryptocurrency, compared to 27% in the US. Top stock market picksEquities remain popular among retail investors, coming in second only to cash. Unsurprisingly, technology was a top pick for retail investors eager to take advantage of the tech-driven market rally of this year. Other areas of interest include real estate, communications, and healthcare, with 30% or more of retail investors indicating that they were invested in these sectors.

Persons: —, eToro, Cash, Sam North, Cryptocurrency Organizations: Service, Business, ECB Locations: EToro, Spain, Germany

☆ Russia is flooding Europe with discounted gas to win back Western buyers
▼ + stars: | 2024-06-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Discounted Russian gas is hitting European markets, the Center for European Policy Analysis said. AdvertisementRussia has unleashed discounted gas onto European markets, working to keep countries hooked on its energy supply, the Center for European Policy Analysis said. Although the Ukrainian route has continued supplying Western markets through the war, its January expiration would likely be enough to risk a Gazprom bankruptcy. Slovakia, Hungary, and Austria are among examples CEPA cited as customers for Russian gas. AdvertisementAlready, Southern European traders are profiting by buying cheap Russian gas pumped through a Turkish pipeline and then selling it at a premium in Western European markets, she suggested.

Persons: —, It's, Aura Sabadus, CEPA, Sabadus Organizations: Center for, Kremlin, Service, Ukraine —, Moscow, Gazprom Locations: Ukraine, Russia, Ukrainian, Eastern, Slovakia, Hungary, Austria, Gazprom's, Southern, Turkish, Poland

☆ South Korea's Lunit wants to grow beyond being an AI application developer: CEO
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea's Lunit wants to grow beyond being an AI application developer: CEOBrandon Suh, CEO of Lunit, explains the AI health tech company's growth plans after completing its acquisition of Volpara Health Technologies in the US.

Persons: Lunit, Brandon Suh Organizations: Volpara Health Technologies

☆ Webtoon Entertainment prices U.S. IPO at top of range to raise about $315 million
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: 1 min

Webtoon Entertainment has priced its initial public offering (IPO) at the top of its indicated range, seeking to raise about $315 million, the online comics platform said on Wednesday. Webtoon Entertainment has priced its initial public offering (IPO) at the top of its indicated range, seeking to raise about $315 million, the online comics platform said on Wednesday. The company, majority-owned by South Korean tech giant Naver , priced its 15 million shares at $21 apiece, and had marketed the range of $18 to $21. Goldman Sachs, Morgan Stanley, J.P. Morgan Securities and Evercore Group are the lead underwriters for the IPO. Webtoon was founded in 2005 as a side project of CEO Junkoo Kim while he was working as a search engineer at Naver.

Persons: Goldman Sachs, Morgan Stanley, J.P, Webtoon, Junkoo Kim Organizations: Webtoon, South, Morgan Securities, Evercore, underwriters Locations: South Korean, Angeles , California

☆ Critics say 'The Bear' season 3 is 'uneven' and 'stuck' — but it's still one of the best shows on TV
▼ + stars: | 2024-06-27 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

The 10-episode third season of FX's "The Bear" was released in full Wednesday night. The new episodes pick up immediately after the events of the season 2 finale. Most critics agree that the series is still one of the best on TV, but season 3 is flawed. AdvertisementThe reviews are in for season three of FX's "The Bear," and critics are torn. The new episodes pick up immediately after the events of the season two finale.

Persons: —, Christopher Storer, Chef Carmen Berzatto, Jeremy Allen White, Carmy Organizations: Service, Business Locations: Chicagoland

☆ It's gearing up to be a hot travel debt summer for Gen Z and millennials
▼ + stars: | 2024-06-27 | by ( John Towfighi | ) www.businessinsider.com time to read: +3 min

Forty-seven percent of millennials were willing to take on debt to fund summer travel. Gen Z trailed close behind, with 42%, while Gen X and boomers were 31% and 22%, respectively. AdvertisementMeanwhile, Credit Karma's survey found that nearly 40% of Gen Z and millennials said they'll prioritize summer travel over their finances. Funding a summer of funNearly a quarter of Gen Z and millennials anticipate going into almost $2,000 in debt across the summer, according to Credit Karma's survey. For 11% of Gen Z and 8% of millennials, that summer debt forecast surpasses $4,000.

Persons: —, Taylor Swift, Credit Karma, Zers, Gen Z, Gen X, millennials, Gen, they're, X Organizations: Service, Credit, Bank of America, Business Locations: Europe, Southeast Asia, Florida, California

☆ The $7 billion Purdue bankruptcy plan giving the Sacklers immunity from more lawsuits gets nixed by Supreme Court
▼ + stars: | 2024-06-27 | by ( Jack Newsham | ) www.businessinsider.com time to read: +3 min

Read previewThe US Supreme Court has struck down a $7 billion bankruptcy plan for Purdue Pharma that would have protected the Sackler family from further lawsuits — a ruling that could mean "chaos" for other big legal liability cases. The Sackler family, which ran Purdue, agreed to provide up to $6 billion in funding in exchange for immunity from further legal action. Anne Andrews, a leading bankruptcy lawyer for victims, predicted tumult if the Supreme Court struck down the Purdue plan in an interview with Business Insider ahead of the decision. Related stories"The U.S. Supreme Court got it right — billionaire wrongdoers should not be allowed to shield blood money in bankruptcy court," he said. Its plan, which would provide $2.5 billion, is currently on appeal in the Third Circuit Court of Appeals.

Persons: —, Sackler, Anne Andrews, William Tong, wrongdoers, Johnson, Leigh O'Dell, Beasley Allen, J's Organizations: Service, Purdue Pharma, Purdue, Business, Sackler, U.S, Supreme, Justice Department, J, Boy Scouts of Locations: Boy Scouts of America

☆ The International Space Station is getting the scrap, and Elon Musk's SpaceX is being paid close to $1 billion to do the honors
▼ + stars: | 2024-06-27 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

SpaceX has been chosen to drag the International Space Station out of orbit. NASA will give Musk's space exploration company $843 million for the mission. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNASA has tasked Elon Musk's SpaceX with building a vehicle powerful enough to pull the International Space Station (ISS) out of orbit. "NASA announced SpaceX has been selected to develop and deliver the U.S. Deorbit Vehicle that will provide the capability to deorbit the space station and ensure avoidance of risk to populated areas," per the statement.

Persons: —, Elon Organizations: SpaceX, Space, NASA, Service, . Deorbit, Business

☆ New discoveries show what life was like for the ultra-wealthy in Ancient Rome after Pompeii excavation
▼ + stars: | 2024-06-27 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +1 min

A vivid blue shrine showcased the owner's deep pockets. Archaeologists believe this room, painted an unusual light blue color, may have been used as a shrine by the house's owners. The owners had it painted blue, which would have been very rare and expensive at the time. "Having a whole room painted in blue would have made a major statement about the wealth of the house owner," Barrett said. A pile of oyster shells was found near other building materials, Barrett said.

Persons: Barrett Organizations: Parco, Reuters, Paints Locations: ABACAPRESS.COM

☆ We tested the new Toyota Land Cruiser against its legendary predecessor. It lives up to the hype, even without a third row.
▼ + stars: | 2024-06-27 | by ( Alistair Barr | ) www.businessinsider.com time to read: +1 min

Toyota launched new Land Cruiser in the US, reviving the iconic SUV . The original Land Cruiser, known for its durability, debuted in the 1950s. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe original Land Cruiser launched in the 1950s and rightly earned a reputation as an unbreakable beast of a car. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Toyota, Cruiser, Service, Cruisers, Business Locations: United

☆ AI tools for Goldman's workforce set to 'land at scale on desks' as soon as next year: partner
▼ + stars: | 2024-06-27 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

For Goldman Sachs' investment bankers, the answer may just be over the horizon. Top Goldman executives told Business Insider that the investment bank is poised to roll out a series of generative AI tools to its workforce as soon as next year. Lee, a Goldman partner, said it could take years for the consequences of this tech on the bank's workflows to be fully understood. But he is overall optimistic about how generative AI, an advanced type of machine learning, will impact its workforce. Many junior bankers spend time on tasks that can sometimes feel "relatively routine," Lee said.

Persons: —, Goldman Sachs, Goldman, George Lee, cohead, Lee, it's, Jamie Dimon, Alison, Tim Ingrassia, Gene Sykes, dealmakers, David Solomon, Ingrassia, Reed Alexander Organizations: Service, Business, Goldman Sachs Global Institute, JPMorgan, Goldman, New York Times, Deutsche Bank

☆ 5 Breadwinning wives share the biggest obstacles that come with earning more money than their husbands
▼ + stars: | 2024-06-27 | by ( Manseen Logan | ) www.businessinsider.com time to read: +8 min

Business Insider spoke with five women earning more than their husbands about the biggest obstacles they faced when they became breadwinners. AdvertisementPorterfield admitted that she occasionally became jealous of her husband's less stressful days when she felt overwhelmed with work. Katie Matthews' husband quit his job and made her the breadwinner, now they feel like they can breatheAfter Katie Matthews' husband quit his job, she became the breadwinner in their family. "For days and weeks at a time, my husband was effectively a single parent," Mac told BI. If you're a wife earning more than your husband and want to share your story, please contact Manseen Logan at mlogan@businessinsider.com.

Persons: —, Amy Porterfield, she'd, Porterfield, didn't, Karina Daves, Karina, Charlie Williams, Terrance, Katie Matthews, Matthews, they've, doesn't, I've, Andrea Mac, Mac, It's, she's, Betsy Grunch, Grunch, Jonathan Batdont, Betsy, Ray, Manseen Logan Organizations: Service, Business, BI, Nissan, Princeton University Locations: California, Tennessee, mlogan@businessinsider.com

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