DIRS.INFO The most relevant business & tech news

☆ 'This looks and feels like the year 2000 to me': Investing legend Rob Arnott says the stock market's record rally reminds him of the dot-com bubble peak
▼ + stars: | 2024-11-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He said comparisons to the dot-com peak in 2000 are fair. Advertisement"This looks and feels like the year 2000 to me," Arnott told Business Insider on November 11. But Arnott believes AI optimism, which has driven the lion's share of the rally, is already fully priced in. At 37 times earnings, just below the late-2021 peak of 38, before the market fell by 25%, and the 2000 peak of 43, right in front of a 50% loss. "This is a really, really, really pricey environment, but it doesn't necessarily make me bearish.

Persons: Rob Arnott, he's, Arnott, —, Donald Trump, Trump, disruptors, There's, Goldman Sachs, David Kostin, Michael Hartnett, Hartnett, David Einhorn, Einhorn Organizations: Nvidia, Intel, Chief US, Business, Goldman Sachs Bank of America's Global, Equity, Bank of America, CNBC's, Alpha Locations: irrelevance

☆ 3 reasons why Russia's economy can survive without crisis for up to 5 more years, think-tank economists say
▼ + stars: | 2024-11-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Russia's wartime economy could be in it for the long-haul — or at least longer than expected. A team of economists is unconvinced that Russia will tumble into economic collapse any time soon, as suggested by some analysts. The paper counters notions that a Russian crisis will come as soon as next year, an argument made by economists such as Yuriy Gorodnichenko. Don't underestimate domestic demandAccording to the report, Russia's domestic market has been an underrated factor behind the country's perseverance. Sustainable war spendingSome have forecast an immediate recession if Russia's war in Ukraine ever ends, arguing that the Kremlin's massive war budget is responsible for the economy's continued survival.

Persons: Yuriy Gorodnichenko, shouldn't Organizations: Center, UC Berkley, CASE, Kremlin, Moscow Locations: Russia, Europe, Russian, Moscow, Ukraine

☆ These 'best-in-class' stocks are rising fast so buy them quickly, Bank of America says
▼ + stars: | 2024-11-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Bank of America research to find stocks the bank believes are "best-in-class." They include Carvana , ESAB, Netflix , Texas Roadhouse and Johnson Controls . Texas Roadhouse Analyst Sara Senatore is sticking with shares of the Texas-themed restaurant following earnings in late October. BofA says Texas Roadhouse benefits from low staff turnover, innovative technology and same-store sales that continue to improve. In addition, Senatore called traffic growth "best-in-class" with month-to-month improvement even as the wider industry battles numerous headwinds.

Persons: Jessica Reif Ehrlich, Reif Ehrlich, Sherif El, BofA, ESAB, Sara Senatore, Senatore, Johnson Organizations: Bank of America, CNBC, Netflix, Texas, Johnson Controls, BofA, Gaming, El, JCI Locations: Bank, El, Texas, U.S, North America

☆ An expert in the risks of alcohol drank heavily for years. His 'dry by default' rule helped him drink less, lose weight, and live a fuller life.
▼ + stars: | 2024-11-16 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Alcohol harm expert Richard Piper used to drink heavily. His 'dry by default' rule helped him reduce the risks of drinking without going sober. Being "dry by default" means Piper will drink on rare occasions rather than most days, for example when non-alcoholic alternative to a beer he likes isn't available. Advertisement"There is no such thing as healthy drinking," Piper said. AdvertisementDrinking doesn't only bring health risks.

Persons: Richard Piper, Piper, Zers, Gallop, Niall Carson Organizations: Gallup, Getty Images Research, European, of Public Health, European Union, US Department of Health, Human Services

☆ Americans moving to Canada should be aware of these 4 tax and investment implications
▼ + stars: | 2024-11-16 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

AdvertisementInterest in moving to Canada has spiked among Americans after the election. Advertisement"I think sometimes it can be a knee-jerk reaction," Woodfield said of moving to Canada. AdvertisementTo prevent ex-pats from getting taxed twice on their income, the US and Canada have a tax treaty that provides a foreign income tax credit for any income tax paid to the other country, Woodfield explained. You also don't have the option to file joint income tax returns with your spouse in Canada, Woodfield warned. AdvertisementThe earlier you start preparing for your cross-border move, the better — ideally, one to two tax years before moving, Woodfield said.

Persons: Tiffany Woodfield, Donald Trump, Roe, Trump, Raymond James ., Woodfield, Uncle Sam, RRSPs, …, It's, you've, they've, I've Organizations: White, Wade, SWAN Wealth Management, pats, Income Corporations, IRS Locations: Canada, Spain, they're

☆ Lost and found: Life after Ozempic and other weight-loss drugs was just the start for these four people
▼ + stars: | 2024-11-16 | by ( Carma Hassan | Zoe Todd | ) edition.cnn.com time to read: +19 min

The 22-year-old content creator approached her doctor about weight loss medication in March, before she had breast reduction surgery. Method: Zepbound, diet changes, exerciseZepbound, diet changes, exercise Duration: Took Zepbound from May to October. “The breast reduction was a big step, but the weight loss put a little cherry on top,” she said. Method: Compounded semaglutide, diet changes, exerciseCompounded semaglutide, diet changes, exercise Duration: Took compounded semaglutide from February to May. Method: Ozempic, diet changes, exerciseOzempic, diet changes, exercise Duration: Took Ozempic from May 2020 to October 2023“I was very close to being 300 pounds.

Persons: Sanjay Gupta, ”, Eduardo Grunvald, Alexus Murphy, CNN Alexus Murphy, Alexus, Murphy, It’s, it’s, “, ” Murphy, Alexus Murphy She’s, “ It’s, “ I’m, you’re, Steven Ray, Ray, he’s, ” Ray, Becky Bell, CNN Becky Bell, she’s, Bell, ” “, ” Ozempic, Max Nazaire, ” Bell, Nazaire, She’s, Ozempic, Dustin Gee, CNN Dustin Gee, didn’t, I’ve, –, ” Gee, Gee, ‘, Cristian, Emanuel, Jackson, Alex, Gee's, Dr, CNN’s Tal Yellin Organizations: CNN, CNN — Research, University of California, BMI, Houston, Inland, Health, Medi, Cal, US Food and Drug Administration, FDA, “, Bell, Ozempic, Mayo Clinic Diet, Get CNN, CNN Health Locations: San Diego, California, Houston, Woodstock , Georgia, Safe Haven, Peru, Bellingham , Massachusetts, Lima

☆ Jake Paul defeats Mike Tyson via unanimous decision of highly anticipated bout
▼ + stars: | 2024-11-16 | by ( Homero De La Fuente | Jonny Velasquez | ) edition.cnn.com time to read: +2 min

CNN —Social media influencer-turned-boxer Jake Paul defeated former heavyweight champion Mike Tyson via unanimous decision of their highly anticipated professional bout on Friday night in Arlington, Texas. “First and foremost Mike Tyson, it’s such an honor,” Paul told Tyson after the match. This man is an icon and it’s just an honor to be able to fight him.”Tyson, left, and Paul fight during their heavyweight boxing match. However, Paul responded several moments later, catching Tyson with several well thrown punches, appearing to rock the former heavyweight champion. Paul continued to take control of the fight from there, landing his combinations, and giving Tyson trouble with his jabs.

Persons: Jake Paul, Mike Tyson, Paul, Tyson, ” Paul, “, I’m, ” Tyson, Julio Cortez, Timothy A, Clary Organizations: CNN, Social, T, Dallas Cowboys, Getty Locations: Arlington , Texas, AFP

☆ Iran ‘categorically denies’ UN envoy met Elon Musk
▼ + stars: | 2024-11-16 | by ( Mostafa Salem | ) edition.cnn.com time to read: +2 min

The New York Times reported the meeting took place earlier this week, citing two Iranian officials. But Iran’s foreign ministry spokesperson Esmaeil Baghaei “categorically denied” that a meeting took place and was “surprised” by the coverage in US media, state-run IRNA said. CNN has reached out to Musk, Trump’s transition team and the Iranian mission at the UN for confirmation of the meeting. Just last week, the day after the presidential election, Musk joined Trump’s call with Ukrainian President Volodymyr Zelensky, according to two sources. Trump announced Tuesday that Musk and Vivek Ramaswamy will lead a new “Department of Government Efficiency” in his second administration.

Persons: CNN —, Elon Musk, Donald Trump, Esmaeil Baghaei “, ”, IRNA, Amir Saeid Iravani, Musk, Volodymyr Zelensky, Trump, Zelensky, Vivek Ramaswamy, Government ”, –, Republicans – Organizations: CNN, United Nations, Elon, The New York Times, The Times, UN, Trump, “ Department, Government, NASA, Republicans Locations: Iranian, New York, Starlink, Ukraine, Russia, Government

☆ How Elon Musk's Department of Government Efficiency could actually work
▼ + stars: | 2024-11-16 | by ( Alice Tecotzky | Katie Balevic | ) www.businessinsider.com time to read: +10 min

Trump has flirted with changing budget laws, but experts told BI that could cause a massive fight. Despite its name, the DOGE will not actually be a government department, as departments are permanent and can only be created by Congress. "The Department of Government Efficiency (DOGE) will ultimately be staffed and dedicated to this mission," Brian Hughes, a spokesperson for Trump's transition team, told BI in a statement. "It just doesn't work, unless you decide to start cutting Social Security benefits or Medicare, at which point all hell breaks loose," she told BI. Trump, Musk, and Ramaswamy may try to circumvent the congressional obstacles standing in the way of their cost-cutting agenda.

Persons: Trump, Donald Trump, Elon Musk, Musk, Vivek Ramaswamy, Ramaswamy, Jim WATSON, Musk's, Elaine Kamarck, Bill Clinton, Kamarck, Brian Hughes, Barney Frank, Douglas Holtz, it's, Lisa Gilbert, Holtz, Eakin, he'll, they're, Gilbert, Brandon Bell, It's, aren't Organizations: Government, Wednesday, Department of Government, GOP, Trump, Brookings Institute, Social Security, Department, Government Efficiency, Congressional, Office, Management, Public Citizen, White, Bloomberg, SpaceX

☆ Postelection stock market thrust unable to be sustained as rate and valuation worries creep back in
▼ + stars: | 2024-11-16 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX 1M mountain S & P 500, 1 month The S & P is still about 3-4% above levels where chart readers would start to get more concerned about the underlying trajectory. Even in Friday's 1.3% slide in the S & P 500, only two-thirds of all stocks were down on the day and the equal-weight S & P was off a modest three-quarters of a percent. It makes sense that the market wasn't able to summon a sustained thrust of exuberance after the election anxiety evaporated, given the somewhat demanding starting point. A more mature economic and risk cycle and vulnerability to higher rates among smaller, lower-quality stocks mean they aren't likely to lead from here, Pies says. Is the market presciently foretelling an unleashing of transactional fervor that will return Wall Steet's middlemen to their former glory?

Persons: Goldman Sachs, Russell, Jay Powell, Warren Pies, Goldman Organizations: Nasdaq, KBW, ICE, Trump, Federal Reserve, Investors, Bank, 3Fourteen Research, Wall Street Locations: Friday's

☆ Turns out America elected Elon Musk, too
▼ + stars: | 2024-11-16 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

Now that Trump has won, Musk is seemingly attached to him — in public and behind the scenes. At the moment, it also looks like they've elected Elon Musk. And Musk is relentlessly promoting Trump on Twitter, the site he bought in 2022 and renamed X. Related storiesPresident-elect Trump on Elon Musk: "He likes this place. He first floated the idea of having Musk run a government efficiency office in early September, but it wasn't a focus of his rallies and pitches.

Persons: Trump, Musk, we've, Donald Trump, they've, Elon Musk, there's, Vivek Ramaswamy, that's, Vladimir Putin, Volodymyr Zelenskyy, He's, can’t, I'm, It's, We've, David Nasaw, tycoons, William Randolph Hearst, Andrew Carnegie —, Trump's, Kamala Harris, Vance, Tim Walz, — I've, haven't, Tesla, Esther Crawford, Theodore Roosevelt, Hearst, Franklin Roosevelt Organizations: Elon, Trump, Department of Government, Twitter, New York Times, Times, United Nations, Mar, City University of New York Graduate Center, Musk, US, SpaceX, Carnegie Locations: Iran, Trump's Florida, Texas, Mexico, Florida, Madison

☆ 36-year-old in Denmark quit his job and built himself a tiny home in the woods for under $13,000—take a look inside
▼ + stars: | 2024-11-16 | by ( Celia Fernandez | ) www.cnbc.com time to read: +7 min

For years, 36-year-old Anders Boisen lived in apartments all over the city of Aarhus, the second-largest in Denmark. The tiny house is six and a half meters long and two and a half meters wide, or 21.3 feet long by 6.6 feet wide. To finish building the tiny home, Boisen quit his job and focused on the project full-time. "I wanted to see how low you can go in terms of still living comfortably in a tiny house. Anders Boisen

Persons: Anders Boisen, Boisen, didn't, hadn't, he's, that's, Anders Boisen Boisen Organizations: CNBC, YouTube Locations: Aarhus, Denmark, Boisen

☆ Warren Buffett's company just bought into Domino's Pizza and Pool Corp. Here's why both bets make sense.
▼ + stars: | 2024-11-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementWarren Buffett's Berkshire Hathaway bought Domino's Pizza and Pool Corp. stock last quarter. Warren Buffett's Berkshire Hathaway added Domino's Pizza and Pool Corp. to its stock portfolio last quarter, a regulatory filing revealed on Thursday. The famed investor's conglomerate bought nearly 1.3 million shares of Domino's, a 3.7% stake worth $549 million at the end of September. The result is that Pool Corp. sits firmly within Buffett's "circle of competence," which he keeps in mind to ensure that he only invests in things he understands. Neither Domino's nor Pool Corp. classify as cheap on a price-to-earnings basis.

Persons: Warren, Berkshire Hathaway, Buffett, Warren Buffett's Berkshire Hathaway, Ted Weschler, Todd Combs, —, Kraft Heinz, McLane Organizations: Corp, Domino's, Pool Corp, Kraft, Company, Berkshire, Clayton Homes, Acme Locations: Berkshire

There's a vintage accent chair for over $950 off, and one of Jenni Kayne's coveted cardigans for over $100 off. View at Jenni KayneJenni Kayne Black Friday FAQsWhen does the sale start and end? Jenni Kayne's Black Friday sale starts on November 16, nearly two weeks ahead of the official start of Black Friday and Cyber Weekend. During Jenni Kayne's Black Friday sale event, members get 30% off sitewide, while non-members get 25% off sitewide. Check out our roundup of all of the best Black Friday deals.

Persons: Jenni Kayne, we're, Jenni Kayne's, you've, Jenni, Jenni Kayne Jenni Kayne, Jenni Kayne Jenni, French terry Organizations: Business Locations: California, West, Peru, French

☆ Elon Musk is looking for trillions in government waste, and defense is a massive potential target
▼ + stars: | 2024-11-16 | by ( Jake Epstein | Grace Kay | ) www.businessinsider.com time to read: +10 min

President-elect Donald Trump has tapped Elon Musk to help spearhead cuts to government spending, and the defense sector could be a prime target. But Musk's past comments hint at one area he could target: defense contracts. Musk built SpaceX's business model around fixed-price contracts. Musk's new initiative could recommend exactly this: a move away from cost-plus contracts toward fixed-price contracts. An aerial view of the Pentagon AP Photo/Patrick Semansky, FileMusk's new initiative may target other areas of Pentagon spending, as well.

Persons: Donald Trump, Elon, Elon Musk, It's, Trump, Musk, Julia Demaree Nikhinson, Clayton Swope, Walter Isaacson's, Swope, John Raoux Overspending, Gerald R, Mike Gallagher, Gallagher, Ford, Steve Helber, Bryan McGrath, Todd Harrison, —, Harrison, Michael Bohnert, they've, Archer Macy, Patrick Semansky, John Harvey Jr, Mississippi Sen, Roger Wicker Organizations: Defense, Pentagon, Department of Government, SpaceX, NASA, AP, Center for Strategic, International Studies, Services, International Space, Kennedy Space Center, Littoral, Ford, DoD, Republican, Palantir Technologies, Newport News Shipbuilding, American Enterprise Institute, Shipbuilding, BAE Systems, RAND Corporation, CSIS, US Air Force, Navy, Senate Armed Services Committee Locations: Pennsylvania, Columbia, China, Wisconsin, Virginia, Mississippi

☆ Behind The Onion's bid for Alex Jones's Infowars — which is now on hold as a judge reviews it
▼ + stars: | 2024-11-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Onion's bid for Infowars came together with help from Sandy Hook families. On the surface, The Onion's announcement that it had purchased Alex Jones's Infowars at auction on Thursday may have sounded like a bizarre joke. But behind the scenes, the bid came together through strategic coordination — with the support of Sandy Hook families and a nonprofit that is backed by Michael Bloomberg. "The sale is currently underway, pending standard processes," Collins told Variety Friday in a statement. Advertisement"They've long loved The Onion," Collins told Yahoo, nodding to a headline the outlet publishes verbatim every time there's a mass shooting.

Persons: Infowars, Sandy Hook, Ben Collins, Alex Jones's Infowars, Michael Bloomberg, Collins, Alex Jones, Jones — who'd, Christopher Lopez, weren't, Lopez, Variety, John Feinblatt, who've, Bloomberg Philanthropies, Elon Musk's X, Jones Organizations: Yahoo, NBC, First United, Companies, Southern, of Texas's, Bloomberg News, Safety, ABC News, Bloomberg, Business, Variety, Free Speech Systems Locations: Texas

☆ Ukraine latest: Bad news mounts for Ukraine across the frontlines. But Russia is under pressure too
▼ + stars: | 2024-11-16 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +7 min

Russia is making gains at key spots along the frontlines of eastern and southeastern Ukraine, while unleashing wave after wave of aerial terror against Ukrainian cities. … You just get boxed into a corner and you have to choose from a buffet of bad options,” Barros added. Taking over Kupiansk would make it a lot easier for Russia to push further into the Kharkiv region. Ukraine has put up a fierce fight in the area in recent months, even though it has lost some ground. Pokrovsk has been a target of Russia for months as it seeks to capture eastern Ukraine.

Persons: Volodymyr Zelensky, “, ” George Barros, Barros, That’s, …, ” Barros, Kupiansk, Zelensky, Pokrovsk, Diego Fedele, they’ve, “ It’s, ”, that’s, Vladimir Putin’s, Putin, Donald Trump, Trump Organizations: CNN, Institute for, Geospatial Intelligence, Kyiv, Ukrainian, Russian Central Bank, Western Locations: Moscow, Russia, Ukraine, Russian, Kursk, Ukrainian, Kupiansk, Kharkiv, Ukraine’s, Kurakhove, Pokrovsk, crosshairs, Avdiivka, North, United States

☆ Why an entrepreneur has no regrets about moving from Hawaii back to her Kansas hometown
▼ + stars: | 2024-11-16 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

AdvertisementAudra Dinell doesn't regret moving from Hawaii to her home state of Kansas in 2020. Kansas has a lower cost of living than Colorado and Hawaii, the states Dinell lived in previously. Audra Dinell, 38, said her move back to Kansas from Hawaii felt like she was starting over. "We miss a lot of things about the places we left — the people, culture, mountains, and ocean — but no, we do not have any regrets about moving back to Kansas," Dinell, who moved from Kansas to Colorado before living in Hawaii, said. "I have friends who have visited us from Hawaii, Colorado, many different cities, South Carolina, and they're always so surprised," she said.

Persons: Audra Dinell, Dinell, I've, she's, they're Locations: Hawaii, Kansas, Midwest . Kansas, Colorado, Wichita , Kansas, Honolulu, Wichita, , Kansas, Hawaii and Colorado, Colorado . In Hawaii, Hawaii , Colorado, South Carolina

☆ Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here’s how
▼ + stars: | 2024-11-16 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Now, ValueAct has engaged another titan of the market, Meta Platforms, announcing an approximately $1 billion dollar position in the company. With the stock price up about 56% in 2024, ValueAct still sees significant untapped value in Meta. ValueAct has shown at Microsoft and Salesforce that it is very good in helping companies trim fat and build muscle. The AI spending, while concerning to some in the market, can be the muscle that strengthens Meta's core FoA business. It should more than justify Meta's AI spend.

Persons: ValueAct, Mason Morfit, Mark Zuckerberg, OpenAI's GPT, Meta, Martha Stewart Living, Ken Squire Organizations: Reality Labs, Facebook, Microsoft, Meta, RL, Spotify, OpenAI, Adobe, New York Times, Expedia, Century Fox, KKR, 13D Locations: Salesforce

☆ Jake Paul defeats Mike Tyson with ease in Netflix spectacle
▼ + stars: | 2024-11-16 | by ( Mark Puleo | ) www.nytimes.com time to read: +4 min

AdvertisementPaul spent much of the fight dancing around Tyson with his arms arrogantly low, taunting the legendary knockout artist to come close. Hardly anyone, conversely, will be calling for a rematch of the main event between Paul and Tyson. The YouTuber-turned-boxer Paul was far quicker in his combinations, far twitchier in his reflexes and far more fluid in his combinations, using his three-inch height advantage to keep Tyson out of range. But despite the exhibition-like rule changes, the fight was certainly spirited, with Paul sticking his tongue out to mock Tyson at one point. At the weigh-ins Thursday, Tyson delivered a stiff slap to Paul after Paul appeared to step on one of his feet.

Persons: Jake Paul, Mike Tyson, Tyson, hadn’t, Paul, Katie Taylor, Amanda Serrano, Taylor, Kevin McBride, Roy Jones Jr, “, Mike Perry, Nate Diaz, Anderson Silva, Tyron Woodley, Ben Askren, Buster Douglas, Evander Holyfield, Lennox Lewis, Danny Williams, McBride, Al Bello Organizations: T, Netflix, UFC Locations: Arlington , Texas

☆ NATO's 'Trump whisperer' chief has a clear message for the president-elect: Europe knows it must spend more on arms
▼ + stars: | 2024-11-16 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

AdvertisementNATO chief Mark Rutte has a message for Donald Trump: Europe knows it must spend more on arms. Rutte made a point of highlighting Poland's strong defense spending during a recent trip to Warsaw. NATO Secretary General Mark Rutte has a "clear message" for the US: Europe knows it must spend more on defense. Rutte said last week that Europe would have to spend more than the 2% of GDP target. AdvertisementPoland and NATOPoland's surge in defense spending has come in response to Russia's full-scale invasion of Ukraine, which it launched in February 2022.

Persons: Mark Rutte, Donald Trump, Rutte, Trump, Andrzej Duda, Donald Tusk, Donald Trump's, Emmanuel Macron, General, Aaron Korewa Organizations: NATO, Trump, Warsaw Locations: Europe, Warsaw, NATO, Poland, United States, Paris, Ukraine, Russia, North Korea, Iran, China, Pacific, North America, Germany, Asia

☆ Trump looms over Biden’s final meeting with Xi in Peru
▼ + stars: | 2024-11-16 | by ( Kevin Liptak | ) edition.cnn.com time to read: +7 min

In the end, looking backward may be more productive for Biden and Xi than trying to predict what’s next for their two nations. Biden administration officials acknowledge they have little insight into what a notoriously unpredictable leader might be planning. What Biden can do, they argue, is reiterate to Xi the value of maintaining communication, even amid the expected contention. A key counterweight could be Biden’s legacyHow Trump confronts those threats is not something he’s discussed at great length, at least as a candidate. It’s also an area his aides believe could — and should — be continued by the incoming Trump administration, though acknowledging they have little to go on when it comes to the president-elect’s intentions.

Persons: Joe Biden, Xi Jinping, Xi, Donald Trump’s, that’s, Biden, “, Trump, Robert F, Kennedy, Jr, Tulsi Gabbard, Pete Hegseth, Matt Gaetz, He’s, there’s, Xi’s, ”, Jake Sullivan, aren’t, China’s, —, Obama, he’s, Russia’s Vladimir Putin, It’s, Korea’s Yoon Suk, Shigeru Ishiba Organizations: Peru CNN —, Biden, White, APEC, Xinhua, Mar, Lima Convention Center, Trump Trump, Ukraine Locations: Lima, Peru, Chengdu, China, Washington, Beijing, United States, Bali, San Francisco, Taiwan, Ukraine, Russia, Iran, North Korea, Pyongyang, Japan, South Korea, Tokyo, Seoul, East Asia

☆ I built a 'tiny house' Airbnb hotel and sold it for $7 million. Here's why I decided to walk away when I did.
▼ + stars: | 2024-11-16 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

I sold the property, called Live Oak Lake, for $7 million in October 2023. Part of the reason I considered selling Live Oak Lake was because of the stress of running it. We listed Live Oak Lake for sale in the summer of 2022. AdvertisementSelling the property has alleviated my stressI think I sold Live Oak Lake at the right time. AdvertisementThe Live Oak Lake project was an amazing project, a baptism by fire in the realms of real estate, marketing, and hospitality.

Persons: Isaac French, Instagram Organizations: influencers, Business Locations: Texas, Nordic, Waco, Zillow, Instagram

☆ Gen Z is ushering in the all-inclusive era
▼ + stars: | 2024-11-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

A survey included in the report found 42% of Gen Z respondents said an all-inclusive was their preferred hotel type, more than any other generation. AdvertisementWhy Gen Z loves all-inclusivesOnce guests book their stays at an all-inclusive, very little additional planning is required. Its $2.7 billion acquisition of Apple Leisure Group in 2021 made it the largest operator of luxury all-inclusive resorts worldwide. AdvertisementAnd Hilton said earlier this year their all-inclusive segment was a "catalyst for growth," noting its Hilton Cancun Mar Caribe All-Inclusive Resort that opened in 2023. For Gen Z in particular there may be an intangible benefit of all-inclusives that will continue to drive demand.

Persons: Haley Mahabadi, She's, Gen Z, it's, Gen, Melanie Fish, It's, Z, Samantha Cintron, Cintron, Hyatt Gen Z, Gen Zers, Malley Goodwin, A'Rielle Thomas, Amy Weinberg, Hyatt Ziva, Hyatt, Weinberg, Hilton, Z isn't, Fish Organizations: Michelin, Expedia, Hyatt Travelers, Hyatt, Marriott, Playa, Hyatt Gen, Fora, Hyatt Demand, Hyatt Zilara, Apple Leisure Group, Secrets, Dreams, Hilton Cancun Mar Caribe Locations: Asia, Mexico, Fora, Playa del Carmen, Orlando, Cancun, Hyatt, Marriott Cancun, Romana, Dominican Republic

☆ Trump's plans to change healthcare could slash insurance for some low-income Americans and retirees
▼ + stars: | 2024-11-16 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

Trump said he plans to change the Affordable Care Act, which provides healthcare for 45 million Americans. AdvertisementDonald Trump's return to the Oval Office could mean changes to Americans' healthcare coverage, based on his previous comments and actions while president. AdvertisementAs president, he will also have the power to influence America's healthcare landscape, including insurance coverage, drug price negotiations, government health and safety regulations, and reproductive healthcare access. Any changes to Medicaid and Medicare under Trump could also cause those with ACA insurance see a reduction in their care options. This could mean some Americans on ACA plans could face higher out-of-pocket costs and fewer in-network care options.

Persons: Trump, Donald Trump's, Barack Obama, Ji, Joe Biden's, Robert F, Kennedy Jr, Kennedy, Karoline Leavitt, Vance Organizations: Affordable, ACA, of Health, Human Services, Congressional, Office, Business, Trump, Georgetown University, DC, Insurance, Department of Health, Congress, Republican, House

Search resuls for: "Cornell University's School of Industry

25 mentions found