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☆ A 28-year market vet shares 2 similarities between the dot-com bubble and today's stock market environment — and 4 threats to the AI trade that could spoil the rally
▼ + stars: | 2024-06-22 | by ( William Edwards | ) 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 previewThere are two major similarities between today's stock market environment and the dot-com bubble era, says RIA Advisors CIO Lance Roberts. RIA Advisors/AccentureAnd two, there is a small group of firms leading the overall stock market rally, just as it was in 2000. He's a bit more optimistic this time around because of the robust earnings performance fueling the few stocks leading the market. Advertisement"We are again experiencing another of these speculative 'booms,' as anything related to artificial intelligence grips investors' imaginations," Roberts said.

Persons: —, Lance Roberts, Roberts, Jonathan Golub Organizations: Service, RIA, Business, Accenture, Nvidia, UBS, Investors, Federal Reserve

☆ I made $22,500 and $30,000 being a surrogate twice. I had easy pregnancies and loved helping others start a family.
▼ + stars: | 2024-06-22 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

AdvertisementLike her friend, Wilkinson had also had easy pregnancies with her two children. For her first surrogacy journey, she got matched with a single dad. As for the intended parents, they can pay anywhere from around $200,000 or more to have a child via surrogacy. "I've heard of intended parents that are taking out second mortgages on their house or just going through different avenues to afford surrogacy," she said. Were you an intended parent in a concurrent surrogacy journey?

Persons: —, Heather Wilkinson, Wilkinson, she'd, surrogates, I've Organizations: Service, Business, Global Locations: Indiana, Australia, what's

☆ How to use ChatGPT to find a job: prompt guide
▼ + stars: | 2024-06-22 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

The free version of ChatGPT can now search for job listings. Job seekers can use the AI assistant to act as a personal recruiter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChatGPT just might be a job seeker's best friend. Equipped with GPT-4o, the free version of the bot can now access the internet and trawl through job listings.

Persons: — Organizations: Service, Business

Learn moreThe 2024 Men's College World Series is about to crown a new baseball champion, and you can watch all of the action from home. Keep reading to learn how to watch the Men's College World Series Championship to see whether Tennessee or Texas A&M will walk away the victor. The Men's College World Series kicked off on June 14 in Omaha and has steadily whittled down to two teams. How to watch the Men's College World Series in the USGame 1 will air on Saturday at 7:30 p.m. See at ESPNIf you're looking for a little more of an elaborate live TV streaming option, you can try out Sling TV or Fubo.

Persons: There's, ExpressVPN Organizations: Business, Men's, LSU, Tennessee, Texas, ESPN, ABC, MLB, NHL, NFL, UFC, Hulu, Disney Plus Locations: Tennessee, Texas, Omaha, North Carolina

☆ Seine River in Paris still too polluted for Olympic events as opening ceremony looms
▼ + stars: | 2024-06-22 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The Seine River is too polluted for swimming events at the Paris Olympics, city officials said. Paris invested $1.5 billion to clean the Seine, but heavy rainfall increased pollution levels. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDespite a massive cleanup effort, Paris' Seine River remains too polluted to host swimming events for the upcoming Olympic Games, city officials have said. "Samples from the Seine do not meet the standards we will have this summer," Paris region official Marc Guillaume added on Friday.

Persons: —, Marc Guillaume Organizations: Paris, Service, AFP, Business Locations: Paris, Seine

☆ A Southwest flight dropped to just 525 feet above an Oklahoma town, prompting an altitude warning and FAA investigation
▼ + stars: | 2024-06-22 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

A Southwest Airlines flight dropped to just 525 feet above the ground on Wednesday. The incident prompted an altitude warning and an FAA investigation. A Southwest flight dropped dangerously low off the coast of Hawaii in April. AdvertisementA Southwest Airlines flight dropped dangerously low over an Oklahoma town while preparing to land on Wednesday. The Federal Aviation Administration is investigating Southwest Flight 4069 after the aircraft descended to just 525 feet above the ground, the agency said this week.

Persons: —, Will Organizations: Southwest Airlines, FAA, Service, Airlines, Federal Aviation Administration, Southwest, Will Rogers, Airport, Business Locations: Hawaii, Oklahoma, Oklahoma City

"[It's] the first car-free neighborhood built from scratch in the U.S.," Ryan Johnson, CEO of Culdesac tells CNBC Make It. Mickey Todiwala. Mickey Todiwala. Mickey Todiwala. Mickey Todiwala.

Persons: Jada Stratman, Ryan Johnson, They're, Mickey Todiwala, I've, I'm, Stratman, who's Organizations: Culdesac, CNBC Locations: U.S, Tempe , Arizona, Culdesac

☆ A US Navy carrier strike group is headed home after months battling the Houthis in the Red Sea
▼ + stars: | 2024-06-22 | by ( Jake Epstein | Katie Balevic | ) www.businessinsider.com time to read: +1 min

A US Navy carrier strike group that's fought the Houthis for months is finally returning home. The Dwight D. Eisenhower Carrier Strike Group left the Middle East on Saturday, the Pentagon said. It will soon be replaced by the USS Theodore Roosevelt Carrier Strike Group. AdvertisementThe US Navy carrier strike group that's been battling the Houthis in the Red Sea is finally heading home after spending months in the region protecting shipping lanes from relentless attacks by the Iran-backed rebels. The Dwight D. Eisenhower Carrier Strike Group left the Middle East on Saturday and will remain briefly in the US European Command area of responsibility before returning stateside.

Persons: that's, Dwight D, Theodore Roosevelt Carrier, — Organizations: US Navy, Eisenhower Carrier Strike Group, Pentagon, Theodore Roosevelt Carrier Strike, Service, US European Command, Business Locations: Iran

☆ Nvidia CEO Jensen Huang shouts out OpenAI cofounder Ilya Sutskever for sparking 'the big bang of deep learning'
▼ + stars: | 2024-06-22 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

OpenAI cofounder Ilya Sutskever left his company in May after a failed attempt to oust Sam Altman. He announced on June 19 that he would start a new AI project called "Safe Superintellgence Inc."Nvidia CEO Jensen Huang said Sutskever's past work sparked the "big bang of deep learning." 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 . AdvertisementNvidia CEO Jensen Huang had high praise for Ilya Sutskever, the OpenAI cofounder who left his company after a chaotic attempt to oust its chief executive, Sam Altman.

Persons: Ilya Sutskever, Sam Altman, Jensen Huang, — Organizations: Inc, Nvidia, Service, California Institute of Technology, CNN, Business

☆ Jensen Huang's Nvidia sure hopes the AI bubble doesn't burst anytime soon
▼ + stars: | 2024-06-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementHowever, Nvidia's run faces one big risk: it depends on the generative AI boom lasting. Though tech giants, including Apple, Google, Meta, and Microsoft, now appear to have made generative AI their priority, there appears to be awareness of the technology's weaknesses. Google, for instance, was forced to apologize earlier this year after its generative AI image generator created historically incorrect images in response to user requests. For now, though, the industry seems intent on moving ahead with LLM-enabled generative AI. That should keep Nvidia in the race with Microsoft and Apple to a $4 trillion valuation.

Persons: —, Jensen Huang, they've, Dan Ives, Huang, Tim Cook, Yann LeCun Organizations: Service, Nvidia, Microsoft, Apple, Business, Meta, Google, Blackwell, Apple Intelligence, Financial Locations: Taipei

☆ Americans' spending patterns are flashing a warning of a possible consumer-led recession
▼ + stars: | 2024-06-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Read previewAmerica's stimulus-fueled shopping spree looks just about over — and lower spending could be a signal that a consumer-led downturn is on the horizon, economic experts say. Retail spending ticked 0.1% higher in May, but sales volume has dropped 1.3% year-over-year over the last three months, US Census data shows. That adds to a 4% decline in retail sales in the first quarter — and it's a strong sign the long-awaited consumer recession is on the horizon, economist David Rosenberg said recently. "Early signs of a consumer recession finally coming to the fore." AdvertisementThe US has 52% chance of slipping into recession by May of next year, according to projections from the New York Fed.

Persons: —, David Rosenberg, Stephanie Pomboy, Ian Shepherdson Organizations: Service, Business, McKinsey, Deutsche Bank, Consumer, Federal Reserve, New York Fed, Pantheon Macroeconomics

☆ Ted Cruz says Biden is breaking the law by taking credit for infrastructure projects
▼ + stars: | 2024-06-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewAcross the United States, scores of construction sites are emblazoned with signs that read: "Project Funded By President Joe Biden's Bipartisan Infrastructure Law." For many people, it's an innocuous notation of the thousands of projects financed by the sweeping $1.2 trillion infrastructure law Biden signed into law in 2021 and was backed by both Democrats and a sizable contingent of Republicans. Cruz, in the letter, then argues that Biden "unilaterally rebranded" the bipartisan infrastructure law as "President Biden's Bipartisan Infrastructure Law," which passed the House by 228-206 votes and the Senate by 69-30 votes. "Congress, not President Biden, wrote [the infrastructure law], and it did not do so to aid the President's reelection campaign." The law provided federal funding for long-awaited upgrades for bridges and tunnels, highways, and rail infrastructure, among other projects.

Persons: —, Joe Biden's, Biden, Texas Sen, Ted Cruz, Cruz, Cruz vociferously, Robyn Patterson, Harris, Donald Trump, Trump Organizations: Service, Infrastructure Law, Business, Politico, Biden's, Biden, Democratic, Trump Locations: United States, Texas, America

☆ Vladimir Putin gifted North Korean leader Kim Jong Un a 2nd luxury armored limo — check it out
▼ + stars: | 2024-06-22 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Russian President Vladimir Putin made his first to North Korea in 24 years. Putin gifted North Korean leader Kim Jong Un a second Aurus Senat limousine during the visit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussian President Vladimir Putin and North Korean leader Kim Jong Un took a Russian-made Aurus Senat limousine for a spin during the Russian President's first visit to Pyongyang in 24 years. Video footage shared on Telegram showed Putin behind the wheel of the Aurus, which he also gifted to his North Korean counterpart, Russian state media reported, citing Kremlin aide Yuri Ushakov.

Persons: Vladimir Putin, Putin, Kim Jong Un, —, Kim, Yuri Ushakov Organizations: North, Service, Telegram, Korean, Business Locations: North Korea, North Korean, Russian, Pyongyang

☆ How to pay 0% tax on capital gains pulled from a brokerage account on up to $123,250 of qualified income
▼ + stars: | 2024-06-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

But, in some cases, you could withdraw from the account and incur zero capital gains tax if you remain within the IRS's specified income brackets, he noted. This means that if you're filing jointly, your income can be as much as $123,250 in 2024 — $29,200 income in tax-free income thanks to the standard deduction plus $94,050 in qualified investment income — and still pay 0% capital gains tax if you have no other income source, Hook noted. If your brokerage account allows you to sell by lots, you can select which shares to sell based on the capital gains they have accumulated, he added. This would allow you to withdraw more while keeping your capital gains low. State income tax rates aren't impacted and will vary depending on where you live.

Persons: Jeremy Schneider, wouldn't, Schneider hasn't, Schneider, Howard Hook, Hook, LIFO, that's Organizations: Service, CFP, CPA, IRS, Social Security

☆ After Hajj Deaths, Egypt Suspends Companies That Took Pilgrims to Mecca
▼ + stars: | 2024-06-22 | by ( Gerry Mullany | More About Gerry Mullany | ) www.nytimes.com time to read: +1 min

After hundreds of pilgrims died in the scorching desert heat during the annual hajj pilgrimage to Mecca, the Egyptian government is taking action against tour companies that facilitated the travel to Saudi Arabia, and said on Saturday that it had suspended the licenses of 16 companies. At least 450 people died during the pilgrimage, in which travelers endured maximum temperatures that ranged from 108 degrees to 120 degrees Fahrenheit (42 to 49 degrees Celsius). But the actual number of fatalities is expected to climb far higher as governments get more accurate tallies of the deaths. In announcing the suspension of the 16 travel companies, the Egyptian government said the businesses failed to offer the pilgrims important services like medical care. said, companies were being blamed for letting pilgrims travel to Saudi Arabia on personal visas, rather than hajj visas that could have allowed them access to medical care and the holy sites.

Organizations: Associated Press Locations: Mecca, Saudi Arabia, Egypt

☆ See inside a secret Navy museum on an active base where visitors require an official escort at all times
▼ + stars: | 2024-06-22 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The National Museum of the US Navy is located in the Washington Navy Yard, an active military base. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBefore I could join a dozen others for a tour of the Washington Navy Yard in Washington, DC, I first had to pass through its heavily guarded gate. Established in 1799, the Washington Navy Yard serves as the Navy's ceremonial and administrative center. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: National Museum of, US Navy, Washington Navy Yard, Service, Washington Navy, United States Navy, Business Locations: Washington , DC

☆ Trump thinks he can peel voters away from Biden in Democratic-heavy Philadelphia. Here's how he plans to do it.
▼ + stars: | 2024-06-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

AdvertisementBut similar to most national polls, Trump leads Biden on the question of which candidate would better handle the economy. In 2020, Biden won Pennsylvania by roughly 80,000 votes out of more than 6.9 million ballots cast. And over 604,000 of those ballots cast for Biden came from Philadelphia voters. He can easily find himself among receptive audiences in the city's numerous Black churches, where a loyal base of older Black voters are overwhelmingly supporting his bid for a second term. Biden has stumbled with younger Black voters over issues like the conflict in Gaza and student-loan debt relief.

Persons: —, Donald Trump, Hillary Clinton, Biden, He'll, David McCormick, who'll, Democratic Sen, Bob Casey Jr, Trump, Casey Organizations: Service, Keystone State, Biden, Trump, Business, White House, Temple University, Saturday, Pennsylvania GOP, Democratic, Pennsylvania Department of Labor & Industry, New York Times, Philadelphia Inquirer, Siena, Pennsylvania, Black, GOP Locations: Pennsylvania, Philadelphia, Philadelphia —, Delaware, Wilmington, Pennsylvania's, Gaza

☆ Power outage hits Balkan states as heat overloads system, minister says
▼ + stars: | 2024-06-22 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Montenegro’s energy minister said the shutdown was caused by a sudden increase in power consumption brought on by high temperatures, and by the heat itself overloading systems. “This was just waiting to happen in this heat,” Gentiana, a 24-year-old student in Montenegro’s capital Podgorica, told Reuters. Suppliers in the four countries said they started restoring supply by mid-afternoon and power was largely back by the evening. Power in Albania was restored within half an hour, but the country remained at a high risk of further shutdowns as power usage and heat levels were still high, he said. Western Balkan nations have seen a boom in solar energy investment, meant to ease a power crisis that had threatened a shift away from coal.

Persons: ”, Sasa Mujovic, Belinda Balluku, Balluku Organizations: CNN, Reuters, Suppliers, Air, HRT, Albanian Energy, North Macedonia’s Energy Regulatory Commission Locations: Montenegro, Bosnia, Albania, Croatia’s, Balkans, Montenegro’s, Podgorica, European, Bosnia’s, Sarajevo, Banja Luka, Mostar, Croatian, Split, Greece, Croatia

☆ Russia launches 'massive' attack on Ukraine's power grid, the 8th in just 3 months, Ukraine's energy ministry says
▼ + stars: | 2024-06-22 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Russia launched a "massive" attack on Ukraine's power grid overnight. This latest attack marks the eighth since March, Ukraine's energy ministry said. AdvertisementRussia launched a "massive" attack on Ukraine's power grid overnight as it continues to target the country's energy infrastructure, Ukraine's energy ministry announced on Telegram. The latest attack marks the eighth time Russian forces have targeted Ukraine's power grid since March, the ministry added. Ukraine's air force said Russia launched 16 missiles and 13 drones in the attack, which targeted a number of different regions.

Persons: — Organizations: Service, Business Locations: Russia

☆ La experiencia de Sheinbaum en EE. UU. da pistas sobre la futura relación bilateral
▼ + stars: | 2024-06-22 | by ( Natalie Kitroeff | ) www.nytimes.com time to read: 1 min

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☆ Companies that give money to Democrats are beating Republican donors in the stock market
▼ + stars: | 2024-06-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Driving the outperformance in the DEMZ fund is its concentration in mega-cap technology stocks. The top five stocks owned by the DEMZ fund are Nvidia, Apple, Microsoft, Loews, and Costco. About 36% of the DEMZ fund is invested in technology stocks, compared to just 3% for the MAGA fund. The top five stocks owned by the MAGA fund are Vistra, Howmet Aerospace, Charter Communications, Amgen, and Garmin. Another area where the DEMZ ETF is beating the MAGA ETF is in assets under management, with about $36 million invested in the former and about $21 million invested in the latter.

Persons: MAGA, DEMZ, —, outperformance Organizations: Democratic, Republican, Service, Democrat, Core, GOP, Nvidia, Apple, Microsoft, Loews, Costco, Howmet Aerospace, Charter Communications, Garmin, MAGA

☆ 3 healthy snacks a dietitian eats that are tasty alternatives to ultra-processed foods
▼ + stars: | 2024-06-22 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +3 min

Read previewA dietitian shared three healthy snacks she enjoys as tasty alternatives to ultra-processed foods with Business Insider. But, when it comes to satisfying cravings for ultra-processed snacks, it's up to us as consumers to make informed choices about which ones we choose, she said. Chocolate barsBeckerman likes Nelly's Organic chocolate bars because they have a short ingredient list, meaning they contain fewer additives than ultra-processed chocolate bars. CandyJustin's Chocolate Candy Pieces "reign supreme" over other candies, Beckerman said. The candy pieces are made with dark chocolate, which contains antioxidants that can help to lower blood pressure and cholesterol.

Persons: —, dietitian Tracy Lockwood Beckerman, Beckerman, dietitian Taylor Grasso Organizations: Service, Business, Research, American Heart Association Locations: New York

How to watch USA vs. England in the USThe USA vs. England game will live stream on Sunday at 10:30 a.m. Shop at FuboHow to watch USA vs. England in the UKThe USA vs. England game will be shown on Sky Sports in the UK. How to watch USA vs. England in AustraliaThe USA vs. England game will stream through Prime Video in Australia. How to watch USA vs. England in South AfricaThe USA vs. England game will be available to live stream through DStv in South Africa. How to watch USA vs. England in IndiaThe USA vs. England game will live stream free through the Disney+ Hotstar mobile app in India.

Persons: Sling's Desi, Fubo, ExpressVPN Organizations: Business, national, teams, ICC, USA, England, West, Willow, Sky Sports, Sky's, Disney Locations: United States, England, USA, Pakistan, South Africa, West Indies, Australia, DStv, India

☆ A millennial couple who ditched van life to buy a $150,000 hoarder house said it's worth it. Take a look inside.
▼ + stars: | 2024-06-22 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Drew and Becky Bidlen are college sweethearts who spent three years traveling the US in a van. After the birth of their daughter, they ditched van life to buy a $150,000 old home in Indianapolis. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The couple are college sweethearts from the Midwest who met during college in Ohio. It was somewhere new for the pair, which awakened an "adventurous spirit" in both of them, Becky told Business Insider.

Persons: Drew, Becky Bidlen, —, Becky, Drew Bidlen Organizations: Service, Midwest, Business Locations: Indianapolis, Ohio, South Carolina

☆ Tesla Cybertrucks vandalized in Florida with some choice messages attacking Elon Musk
▼ + stars: | 2024-06-22 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Dozens of Tesla Cybertrucks were vandalized in Fort Lauderdale, Florida, this week. The Cybertrucks were spray painted with a message attacking Tesla CEO Elon Musk. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Nearly three dozen Cybertrucks were vandalized this week in Florida with disparaging messages aimed specifically at Musk. A 35-second viral video showing the aftermath of the vandalism spree in a Fort Lauderdale parking lot first gained traction on Instagram on Friday.

Persons: Tesla, Elon Musk, Elon Musk's, — Organizations: Service, Business Locations: Fort Lauderdale , Florida, Florida, Fort Lauderdale

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