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☆ The 23 state universities that make at least $125 million annually from their sports teams
▼ + stars: | 2024-01-25 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

College sports make big money, but some schools earn a lot more than others. The SEC and Big Ten dominate the list of the schools that make the most money from sports. The Ohio State University tops the list of biggest sports money-makers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: SEC, Big Ten, Ohio State University, Service, NCAA, Business

☆ Over half of all jobs driving the US economy could be impacted by AI, new study finds
▼ + stars: | 2024-01-24 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

New study predicts that companies will rapidly adopt AI technology over the next decade. The study also found that over half of all jobs driving the US economy will be significantly impacted by AI, with a small percentage of workers losing their jobs and struggling to find new employment. AdvertisementCompanies will quickly adopt AI technology, impacting jobsThe model first examined how quickly businesses will adopt AI. AI will cause an economic boomThe surge in AI adoption by companies signifies a huge impact on the US economy, the study found. AdvertisementThis is supported by a recent McKinsey study showing that AI is more likely to enhance jobs than replace them.

Persons: —, OpenAI, What's, Goldman Sachs, Cognizant Adrian Cooper, Cooper, Sam Altman, FABRICE COFFRINI Organizations: Service, Oxford Economics, McKinsey, Oxford

Loud budgeting is the latest financial trend to go viral on TikTok as people look to save money. Paul Riley, a personal banking executive with NAB Bank in Australia, defined loud budgeting in a recent report. Loud budgeting is workingLoud budgeting is already having an impact on the finances of younger adults. "By sharing my financial goals with my friends, they also opened up about their goals," Fischer told Business Insider. Are you participating in the loud budgeting trend and willing to share details about how you're saving money?

Persons: Lukas, Paul Riley, Riley, @itslisasun, Natalie Fischer, @investwithnat, Fischer, Mia Westrap, I'm, Westrap, TikToker @michelineamisi Organizations: NAB Bank, Business Locations: Australia, Seattle, Guam

☆ The 10 most expensive NFL teams to see in person
▼ + stars: | 2024-01-21 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

The average NFL ticket price jumped 8.6% this year to $121. The average cost for a family of four to see an NFL game this year was $632. The Las Vegas Raiders were the most expensive team to see in person this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: NFL, Las Vegas Raiders, Service, Business

☆ A semi-retired couple moved to Puerto Rico for an adventure and some tax benefits, but a healthcare crisis may soon change their plans
▼ + stars: | 2024-01-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +8 min

"We were looking for an adventure of some sort, a pirate adventure, and Puerto Rico was perfect." AdvertisementThe lure of Puerto Rico comes with some strict guidelinesFor Lindsey and Flynn, an incentive to move to Puerto Rico was the territory's tax incentive Act 60. AdvertisementThe catch is that to take advantage of these perks, you must be what Puerto Rico calls a "bonafide" resident. For example, if you are a mediocre golfer from outside Puerto Rico and are looking for similar people in Puerto Rico, there is a WhatsApp group for that. If you moved to Puerto Rico for tax incentives and want to share your experiences, contact this reporter at cgaines@businessinsider.com.

Persons: Puerto Rico, —, Sarah Lindsey, Sean Flynn, Flynn, Lindsey, Sarah Lindsey Additionally, Hurricane Maria, Sarah Lindsey Lindsey, Max Organizations: Service, Puerto Rico, AFI Technologies, Hurricane, AFP, Pillsbury, Supply Locations: Puerto, Texas, Austin, Puerto Rico, Humacoa , Puerto Rico

☆ I sold my house in Austin for full price in 2 months thanks to patience and some homework
▼ + stars: | 2024-01-18 | by ( Cork Gaines | ) www.businessinsider.com time to read: +8 min

Selling a house in this market can be tricky with high mortgage interest rates and steep prices. AdvertisementSelling a home for a good price in this housing market can be challenging but not impossible. What's more, mortgage interest rates remain high compared to several years ago but have dropped slightly recently. Buyers can still beat current interest ratesMeanwhile, some potential buyers are finding creative ways to avoid high interest rates and purchase homes. While nothing is guaranteed with interest rates, this is exactly what the Fed is projected to do, holding interest rates steady in the first part of 2024 before starting to lower rates later in the year.

Persons: —, Cork, there's, Gary Miller, Austin Organizations: Austin, Service, Cork Gaines, Brigade, National Association of Realtors Locations: Austin

☆ Restaurant owner explains why he charges $16 for a BLT and why he thinks food prices won't get better
▼ + stars: | 2024-01-14 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Food inflation at restaurants is still hitting Americans hard. Labor has been especially hard on Will's business; he said the cost has gone up even though he employs a smaller staff. Food inflation continues to shock consumersAs Will noted, inflation has impacted the entire supply chain and is compounded all the way from the start to the customer. Patcharaporn Puttipon2465/ShutterstockInflation hits the cost of many things, but food prices appear to be particularly vulnerable. AdvertisementOverall, food inflation was down to 1.3% in December.

Persons: we're, —, Brian Will, Will, Stuart Varney, Varney, Patcharaporn Organizations: Service, Central City Tavern, Business, Fox Business, Co, Central, Labor, City Tavern Locations: Atlanta, Alpharetta

☆ Millennials and Gen Z are giving up on one of their core values and investing more like boomers
▼ + stars: | 2024-01-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +9 min

Preference for environmental, social, and governance — or ESG investing plummeted in 2023 among millennials and Gen Z. The survey examined the support for environmental, social, and governance (ESG) issues and investing across different age groups. Investments receive an ESG rating, and ESG investors pick assets that align with their views on these subjects. AdvertisementIn the survey, preference for ESG investing among millennials and Gen Z — aged between 18 and 41 — plummeted significantly compared to the year before. Tim Paradis and Alex Nicoll of Business Insider explained in December just how controversial the topic of ESG investing has become.

Persons: Z, Gen Zers, Tom Grill, Amit Seru, Seru, David F, Tim Paradis, Alex Nicoll, ESG, Paradis, Nicoll, Sara Eisen, Eisen Organizations: Service, Stanford University, Hoover Institution, Rock Center, Corporate, Investments, Stanford Graduate School of, Stanford Graduate School of Business, United, Investment, Republican, Business, Europa Press Locations: United States

☆ The 'phantom debt' of buy now, pay later is growing and will soon hit some Americans hard
▼ + stars: | 2024-01-10 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

Buy now, pay later plans gained popularity in 2023 as an alternative to high-interest credit cards. Buy now, pay later use surged recently and those bills are now dueThe use of buy now, pay later plans skyrocketed during the 2023 holiday season. According to Adobe, which tracks online sales, buy now, pay later plans use was up 47% on Black Friday and 43% on Cyber Monday. According to PYMNTS' survey, 39.6% of respondents used buy now, pay later plans for clothing and accessories and 33.7% used them for groceries. Buy now, pay later debt can be advantageous if used correctly.

Persons: —, Rather, Peter Cade, PYMNTS, Tim Quinlan, Shannon Seery Grein, Selcuk, Mark Luschini, Janney Montgomery Scott, Maria Bartiromo, Luschini, Warren Buffett, Buffett, I've Organizations: Service, Federal Reserve Bank of Philadelphia, Adobe, Household Economics, Science Research Network, Economic, Anadolu Agency, Getty, Wells, US Locations: Wells Fargo

☆ Tiger Woods is a billionaire — here's how he spends his money and lives his life
▼ + stars: | 2024-01-09 | by ( Cork Gaines | Meredith Cash | ) www.businessinsider.com time to read: +1 min

Woods' career once looked over, but he made a stunning comeback by winning the Masters a fifth time and may become a regular on the senior tour in a few years. He's one of the highest-paid athletes ever and, according to Forbes, is now a billionaire. Woods spends his money on yachts, private jets, and megamansions off the course. NEW LOOK 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 .

Persons: Woods, —, Tony Manfred, Mary Hanbury Organizations: Forbes, Service, PGA

☆ Carrying a credit card balance is costing you $1,140 per year — and is about to get much worse
▼ + stars: | 2023-12-05 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

However, credit card balances are especially worrisome because they are going to keep getting worse. That means the average American could be spending $1,140 every year on credit card interest and fees alone. Americans have been accruing a lot of credit card debt at a terrible timeAccording to the Federal Reserve Bank of New York, Americans had nearly $1.1 trillion in credit card debt in the third quarter of this year. Credit card interest rates, which had already been at their highest level since the mid-1990s, started soaring even higher. But with credit card debt going through the roof, the blissful spending could come to a screeching halt.

Persons: couldn't, —, Gary Coronado, LendingTree, Ted Rossman, Biden Organizations: Service, SoFi Bank, Federal Reserve, Federal Reserve Bank of New, Federal Reserve Board, Fed, New York, New York Fed, Consumer Financial, CNN, Household Economics Locations: WalletHub, Federal Reserve Bank of New York, delinquencies

☆ Millennials have become their own worst enemy in the housing market
▼ + stars: | 2023-12-02 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

The housing demand from millennials has made it harder for the generation to get into the game. Meanwhile, housing prices are still high but have started to pull back recently in some areas of the country. In September, Zillow reported that the total US housing market reached a record value of $52 trillion, a 49% jump since before the pandemic. AdvertisementMillennials are in danger of creating a housing bubbleThe research from Indiana University warns that the larger millennial population could lead to a housing bubble and a crash in the housing market. Demand from this generation is expected to wane just as baby boomers start to leave the housing market.

Persons: —, millennials, Zillow, ZIllow, Paul Bradbury, Millennials, boomers, Ariel Skelley, Xers, Tom Grill Organizations: Service, Federal Reserve, Indiana Business Research Center, IU Center, Real Estate, Getty, Education Data Initiative, National Association of Realtors, Indiana University Locations: millennials

☆ Cost of living in 32 of the biggest Midwestern cities
▼ + stars: | 2023-12-01 | by ( Madison Hoff | Cork Gaines | ) www.businessinsider.com time to read: +2 min

Chicago had the highest Cost of Living Index score among 32 Midwestern cities. Of the 32 Midwestern urban areas examined, 29 fell below the national average. However, the vast majority of the 32 large Midwestern cities included in the study are cheaper than the national average. The Council for Community and Economic Research, or C2ER, released its quarterly Cost of Living Index in October. Below are the 32 Midwestern places in our analysis ranked by their indexes from C2ER.

Persons: — Organizations: Chicago, Service, Midwest, for Community, Economic Research, Index, Detroit — Locations: Springfield , Missouri, — Illinois, Indiana , Iowa , Kansas , Michigan, Minnesota , Missouri , Nebraska, North Dakota , Ohio, South Dakota, Wisconsin, Florida , Texas, California, Chicago, Detroit, Milwaukee

☆ A $16 McDonald's meal shows how the economy will be the battleground for the 2024 presidential election
▼ + stars: | 2023-11-30 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

A $16 McDonald's meal highlights how many Americans feel about the economy and food prices. AdvertisementA McDonald's meal from a viral TikTok has become the poster child for a key issue leading up to the 2024 presidential election . But food prices have been rising since 2020, which is one of the reasons why Americans feel sour about the economy , despite data suggesting it's in a strong position. AdvertisementA vibecession is influencing Americans' sentimentsOverall, McDonald's prices are up about 10% this year, and they plan to raise them another 10% next year. AdvertisementWith prices at restaurants like McDonald's likely to keep rising, that day-to-day pain point is likely not going away before the 2024 election.

Persons: —, McDonald's, Donald Trump, Biden, Big, Joe Raedle, Scott Olson Organizations: Service, The New York Times, Sienna College, Trump, Biden, Consumer, US Bureau of Labor Statistics, Big Mac Locations: Idaho, Arizona, Georgia, Michigan, Nevada, Pennsylvania, Wisconsin

☆ A sale isn't worth it anymore unless you're getting 40% off
▼ + stars: | 2023-11-29 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Many retailers are extending holiday shopping discounts to record levels and for longer periods. To get the best discounts, you might have to head to your nearest mall. To get the best holiday deals, you might have to go to the mall. That worked in the last few years but didn't this year because financially stressed consumers became even more cost-conscious and looked for the best deals, he added. "Retailers moved a lot of those sales earlier than usual, and then it became one big event culminating on Cyber Monday."

Persons: LSEG, —, Jharonne Martis, Martis, Centric Market Intelligence —, Howard Schnapp, Kraig Foreman, CNBC's, Foreman Organizations: Service, Adobe, London Stock Exchange Group, London Stock Exchange, Centric Market Intelligence, Getty, CNBC, Wall Street, Retailers

☆ Americans broke a record for spending on Black Friday, but it's just hiding a bigger problem for the economy
▼ + stars: | 2023-11-28 | by ( Cork Gaines | Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Many are delaying the cost as buy now, pay later programs are expected to have their biggest month ever. Many are paying via "buy now, pay later" platforms such as Klarna or Afterpay, which let shoppers pay in installments every week or month. Buy now, pay later also allows people to borrow less expensively as they get the pricing interest-free if paid off in time. Indeed, the Fed's "2022 Survey of Household Economics and Decisionmaking" found that 83% of respondents paid off their buy now, pay later programs on time. Compounding the problem is that people tend to spend more when using buy now, pay later programs, suggesting an overconfidence in what they can afford.

Persons: —, Salesforce, Beryl Tomay, Klarna, Mark Luschini, Janney Montgomery Scott, Maria Bartiromo, Luschini, Michael Landsberg, Landsberg Bennett, Kraig, Foreman Organizations: Black, Service, Adobe, Mastercard, CNBC, Business, Federal Reserve Bank of Atlanta, Household Economics, Social Science Research Network, Wealth Management Locations: Landsberg

☆ Americans broke a record for spending on Black Friday, but it is just hiding a bigger problem for the economy
▼ + stars: | 2023-11-28 | by ( Cork Gaines | Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

☆ I'm a Swiftie Dad who traded a family summer vacation to take my kids across the country to an Eras Tour concert. It was worth every penny.
▼ + stars: | 2023-11-24 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

We had already been to one Taylor Swift concert, but we wanted to try for a better experience. Additionally, I decided the family needed to forgo our usual summer family vacation and travel from Texas to Los Angeles for our second Taylor Swift "The Eras Tour" concert. A view from the author's seats at the Taylor Swift concert in Houston. The author's better half and their oldest daughter before a Taylor Swift concert in Los Angeles. Photos taken by the author's daughters at the LA Taylor Swift concert.

Persons: Taylor Swift, —, Swifties, Swift, Hannah Gaines, Cork, splurging, Clare, Taylor, Cork Gaines, Hannah, LA Taylor, Clare Gaines, Hannah Gaines Clare Organizations: Service, Ticketmaster, Cork Gaines, Business, Disney World, LA Locations: LA, Texas, Los Angeles, Houston, New York City, Ireland, Puerto Rico

ATLANTA (AP) — Georgia's state Supreme Court on Wednesday refused to approve rules for a new commission to discipline and remove state prosecutors, meaning the commission can't begin operating. In an unsigned order, justices said they have “grave doubts” about their ability to regulate the duties of district attorneys beyond the practice of law. Beyond the hurdle of state Supreme Court approval of rules, four district attorneys are suing to overturn the commission, arguing that it unconstitutionally infringes on their power. The Georgia law states a prosecutor can't refuse to prosecute whole categories of crimes, but must instead decide charges case by case. It applies both to district attorneys and elected solicitors general, who prosecute lower-level crimes in some Georgia counties.

Persons: Fani Willis, Donald Trump, hadn't, Houston Gaines, ” Gaines, Sherry Boston, ” Boston, Judge Paige Reese Whitaker, “, Chris Carr, Willis, Trump, Randy McGinley, McGinley Organizations: ATLANTA, —, Judicial, ”, Athens Republican, Republicans, Democratic, Republican Locations: Georgia, Fulton County, Athens, Atlanta's DeKalb County, Walton

☆ 2 big signs that it will be a great holiday season for receiving gifts
▼ + stars: | 2023-11-22 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Americans are preparing to spend money this holiday season at a rate exceeding pre-pandemic levels. And yet, there are also some promising signs that consumers are ready to splurge on deals this holiday season. A new Deloitte survey shows that Americans are preparing to spend money this holiday season at a rate exceeding pre-pandemic levels. Deloitte also found that the people surveyed plan to spend $1,652 this holiday season, up 14% from last year and 10% from the pre-pandemic level of $1,496 in 2019. OCTAVIO JONES/Getty ImagesThe steeper discounts will mean that prices for many products will be cheaper this year compared to last year's holiday season, according to the Wall Street Journal.

Persons: —, OCTAVIO JONES Organizations: Service, Deloitte, Black, Adobe, Wall Street

☆ The money you are saving at the pump this holiday season is probably only temporary
▼ + stars: | 2023-11-21 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Goldman Sachs researchers are projecting oil prices to jump nearly 20% next year. AdvertisementAs the holiday season approaches, drivers are experiencing a welcome respite at gas stations, but those savings will likely go away in the new year. Last week, West Texas Intermediate crude, a benchmark for oil prices, dipped to approximately $73 per barrel, a significant 20% drop from its late September peak of $94. "The big surprise of 2023 is stronger than expected non-OPEC supply growth, which we think will slow heading into 2024," Struyven said. And what the US economy doesn't need in the near future is Americans tightening their budgets after their summer of fun and the holiday spending season.

Persons: Goldman Sachs, —, GasBuddy, Daan Struyven, CNBC's, Dado Ruvic, Struyven, David Kelly, We're, Kelly Organizations: Service, West, AAA, OPEC, Reuters, US Strategic Petroleum Reserve, Biden, Strategic Petroleum Reserve Energy Department, Strategic Petroleum Reserve, Morgan Asset Management Locations: West Texas, OPEC, Ukraine, Russia, Saudi Arabia

☆ Baby boomers got rich off real estate and they are in perfect position to do it again
▼ + stars: | 2023-11-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Nearly one-fourth of that was built through real estate equity. With less pressure from interest rates, they can take advantage of the current real estate market, too. They're also in the perfect position to help themselves by taking advantage of the current real estate market. However, boomers can make stronger bids on homes for sale because of their savings and real estate equity. AdvertisementMeanwhile, more than one-third of house purchases in September were all-cash, according to the real estate broker RedFin.

Persons: —, They're, Jessica Lautz, RedFin, Jeremy Grantham, Grantham, David Rosenberg, Rosenberg, Merrill Lynch Organizations: Service, National Association of Realtors, NAR, Brigade, Census Bureau, Federal, Rosenberg Research, North, Federal Reserve Locations: North American

☆ How working moms can make sure they don't get lost in the RTO conversation
▼ + stars: | 2023-11-12 | by ( Tim Paradis | Josée Rose | ) www.businessinsider.com time to read: +6 min

Leaders need to articulate team needs; workers need to be honest about work-life prioritization. The flexibility of signing on from their living room leaves more time for school pickups, doctor's appointments, and meal planning, but it's more of a Band-Aid than a real fix for the pile of challenges working moms often face. For these women, who want to be great moms and have fulfilling careers, and some RTO mandates may make achieving both (or either!) AdvertisementAdvertisementTaking an individual approach to employees can help them do their best work — and meet the employer's needs — especially because many RTO mandates often fail to take into account what many working moms need, Scheib said. And I think the kids will suffer at the end of the day and moms and their mental health will suffer."

Persons: —, it's, it'll, Kelly Resendez, Danna Greenberg, Wells, Cork Gaines, Greenberg, Resendez, aren't, Mandy McAllister, Kelly Scheib, Scheib, prescriptively Organizations: Service, Babson College, Bank of America

☆ I used the DoorDash app to see how much more I'm spending on takeout than I was 3 years ago. It was price of queso that broke my heart.
▼ + stars: | 2023-11-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

NEW LOOK 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 . My family of four recently ordered dinner from our favorite local taco shop in Austin, Texas, through the DoorDash app. AdvertisementAdvertisementOverall, food inflation is currently in line with the overall number of 3.7%. Ultimately, that extra $0.65 we are paying for the side of rice from our favorite taco shop doesn't feel like much.

Persons: —, Cork Gaines Organizations: Service, Cork Gaines Inflation, Federal Reserve Locations: Austin , Texas, DoorDash, Cork

☆ Chip and Joanna Gaines have turned Waco into a tourist hot spot. Here's a look at the properties they own in town, from a castle to a boutique hotel.
▼ + stars: | 2023-11-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Chip and Joanna Gaines have multiple properties in Waco, Texas. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementChip and Joanna Gaines have transformed Waco, Texas, renovating countless homes and businesses in the area after rising to fame on "Fixer Upper." From their own farmhouse to a shopping center and a brand-new hotel, Chip and Joanna have no shortage of real-estate holdings. Here's a look at the most notable properties Chip and Joanna own in Waco.

Persons: Chip, Joanna Gaines, —, Joanna Organizations: Service Locations: Waco , Texas, Waco

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