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☆ Travis Kelce could earn millions more thanks to the Taylor Swift effect, as experts say he could double or triple endorsement paydays
▼ + stars: | 2023-09-28 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

After social media posts earlier this month ignited speculation, rumors of a relationship between the Kansas City Chiefs tight end and Taylor Swift have been heating up. AdvertisementAdvertisementKelce's new social media followers, meanwhile, could mean a payoff that lasts longer than a quick fling. As he's moved up the social media ranks — he now has 3.4 million followers, compared with Mahomes' 5.8 million — his earnings could multiply. Sports influencer marketing agency OpenSponsorship anticipates his rates for social media endorsements could increase "3-5x," OpenSponsorship CEO Ishveen Jolly told Insider over email. Swift, by comparison, has 272 million followers on Instagram, and it's likely many of them have different interests frp, Kelce's typical fans.

Persons: Travis Kelce, Taylor Swift, —, Donna, Kelce, Jason, Bob Dorfman, Tom Brady, Kelce's, Patrick Mahomes, Sportico, he's, OpenSponsorship, Ishveen Jolly, Jolly, Swift, Dorfman, Chase Garrett, Oprah Winfrey, Dr, Oz, Toni Morrison, Joe Alwyn, Taylor, who's Organizations: Kansas City Chiefs, Service, Arrowhead, SocialBlade, Associated Press, Apple, Pinnacle Advertising, NFL Players Association, US Department of Labor, NFL, Nike, Pfizer, —, Sports, Billboard, Prada, Chiefs, Jets Locations: doesn't, Travis

☆ Taylor Swift is about to make Travis Kelce a whole lot richer
▼ + stars: | 2023-09-28 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Since Taylor Swift was spotted cheering on the Kansas City Chiefs tight end on Sunday, his profile has skyrocketed. After social media posts earlier this month ignited speculation, rumors of a relationship between the Kansas City Chiefs tight end and Taylor Swift have been heating up. AdvertisementAdvertisementKelce's new social media followers, meanwhile, could mean a payoff that lasts longer than a quick fling. As he's moved up the social media ranks — he now has 3.4 million followers, compared with Mahomes' 5.8 million — his earnings could multiply. Swift, by comparison, has 272 million followers on Instagram, and it's likely many of them have different interests frp, Kelce's typical fans.

☆ Food-truck owners from marginalized communities are cooking up success with cloud-based POS systems and analytics software
▼ + stars: | 2023-09-26 | by ( Christine Macintyre | ) www.businessinsider.com time to read: +10 min

Today, these dynamic food trucks serve up gourmet delights and cater events, fueled by convenience and social media-driven connection. While the most apparent technology food-truck owners use is front-end POS systems, back-end technology is also essential. Food-truck owners face the challenge of frequent menu updates, often requiring them to recreate signage or hire someone for the task. This helps food-truck owners make informed decisions related to parking and operating hours, which significantly influences their sales performance. In fact, a 2022 study published by Elsevier found that location was a key challenge for food-truck owners, as it affected customer targeting, exposure, and financial sustainability.

Persons: —, IBISWorld, Let's Chow, Olivia, Luis Surla, Joselle's, Jordan Foley, Let's Chow Jordan Foley, Foley, Olivia Surla's, Sofiat, Abdulrazaaq, Lemaire Stewart, Kyle Miller, Goodfynd Organizations: Service, Food, Technology, Entrepreneurs, Joselle's, Pacific Islander, Goodfynd, Elsevier Locations: American, Annapolis , Maryland, San Diego, Pacific, Nigerian, Caribbean, Maryland

UNITED NATIONS (AP) — Just a few years ago, artificial intelligence got barely a mention at the U.N. General Assembly's convocation of world leaders. Presidents, premiers, monarchs and cabinet ministers convened as governments at various levels are mulling or have already passed AI regulation. And many eyes are on the United Nations as perhaps the only place to tackle the issue at scale. LOTS OF PEOPLE TALKING, BUT PERHAPS A SLOW PROCESSBut if the United Nations has advantages, it also has the challenges of a big-tent, consensus-seeking ethos that often moves slowly. Ideas differ about what a potential global AI body should be: perhaps an expert assessment and fact-establishing panel, akin to the Intergovernmental Panel on Climate Change, or a watchdog like the International Atomic Energy Agency?

Persons: Assembly's, it's, Amandeep Gill, António Guterres, Sam Matekane, Pushpa Kamal Dahal, Thórdís Kolbrún, Joe Biden, Washington, —, ” Omar Al, “ What’s, James Manyika, ”, Ian Bremmer, Gill, ” “ It’s, it’s, There's, OpenAI, Olatunbosun Tijani, “, Minister Aisén Etcheverry, ” Etcheverry, Rose, Nakasi Organizations: UNITED NATIONS, diplomacy's, Industry, Outsiders, United Nations, Safety, Israel, Assembly, United Arab Emirates, Tech, Google, Eurasia Group, European Union, International Atomic Energy Agency, . Security, New York Public Library, Chilean, Minister, General, Makerere, General Assembly Locations: Namibia, North Macedonia, Argentina, East Timor, ”, Spain, New York, Nigeria, who's, India, Ugandan

☆ Analysis: Sizzling rally in US energy stocks has room to run, bulls say
▼ + stars: | 2023-09-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

Some believe a tight oil market and resilient U.S. growth will keep energy stocks rising for the rest of 2023. Bullish investors argue that energy stocks are still cheap by historical standards - and far less richly valued than other areas of the market. The energy sector currently trades at a forward price to earnings ratio of 12.2, well below its historical median forward P/E of 15.3, according to LSEG Datastream. Parts of the market appear skeptical energy stocks have much further to run. "That should result in a ... smoother ride for energy stocks than we’ve been accustomed to."

Persons: Bing Guan, LSEG, Charles Lemonides, Baker Hughes, Savita Subramanian, Brent, Bjarne Schieldrop, Rodney Clayton, we’ve, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: Exxon, Mobil, REUTERS, Energy, West Texas, Federal, drillers, U.S . Energy, Administration, Global, Citi, Brent, SEB Research, Macquarie, Duff, Phelps Investment Management, Thomson Locations: Beaumont , Texas, U.S, Saudi Arabia, Russia, China

☆ Wall Street’s mood is improving — but it’s far from upbeat
▼ + stars: | 2023-09-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Wall Street’s optimism has edged up in recent weeks after an August slump to levels not seen since the collapse of several regional banks earlier this year. CNN’s Fear & Greed Index, which tracks seven different barometers for market sentiment, has oscillated between “neutral” and “greed” territory this month after plunging to a “fear” reading mid-August. The broad-based S&P 500 index has roared 16% higher this year, propped up by Wall Street’s infatuation with artificial intelligence that’s driven a powerful rally in tech stocks. While the Fed’s policy meeting is taking place next week, there’s a laundry list of factors stoking uncertainty in the market. September has historically been the worst month for stocks, and it could live up to its reputation this year.

Persons: it’s, August’s selloff, ”, Eric Sterner, Wall, Michael Arone, Arone, Chris Isidore, “, Gary Quirk, Quirk, epitomize, Birkenstock Organizations: CNN Business, Bell, CNN, Apollon Wealth Management, Federal Reserve, Stocks, State Street Global Advisors, American, of, United Auto Workers, Stellantis, Jeep, Dodge, Chrysler, Samsung, UAW, Wall Street, US Securities and Exchange Commission, New York Stock Exchange, Financial Locations: Kokomo , Indiana, New York, United States

It was the 54th day this year that the official reading at Phoenix Sky Harbor Airport made the mark, eclipsing the previous record of 53 days set in 2020. An extreme heat warning remained in effect, with temperatures forecast at 111 F (43.9 C) on Sunday and 106 F (41.1 C) on Monday. The daily average temperature of 97 F (36.1 C) in June, July and August passed the previous record of 96.7 F (35.9 C) set three years ago. In July, Phoenix also set a record with a 31-day streak of highs at or above 110 F (43.3 C). As of Saturday, Phoenix has tallied 104 days this year with temperatures over 100 F (37.7 C), Salerno said.

Persons: Matt Salerno, ”, Salerno, Phoenix Organizations: PHOENIX, Phoenix Sky Harbor, National Weather Service, Phoenix, World Meteorological Organization, El Nino Locations: Phoenix, Texas, New Mexico, Arizona, El, Maricopa County

☆ Sizzling France down New Zealand in thrilling World Cup opener
▼ + stars: | 2023-09-08 | by ( Julien Pretot | ) www.reuters.com time to read: +5 min

The All Blacks, beaten for the first time in 32 World Cup pool games, had two Mark Telea tries and a sole penalty by Richie Mo'unga to show for themselves. "We felt there was a lot of pressure in the first half, it took, us time to relax and they scored quickly and easily. Sixteen years after losing their opening World Cup game as hosts against Argentina, France rose to the occasion, beating the All Blacks for the second time in a row. New Zealand were on the brink of the line again and surprisingly opted for the kick when France were penalised. France started the second half with a more playful mindset but were punished right away for their defensive nonchalance.

Persons: Ramos, Les Bleus, Damian Penaud, Melvyn Jaminet, Thomas Ramos, Mark Telea, Richie Mo'unga, Romain Ntamack, Paul Willemse, Jonathan Danty, Julien Marchand, It's, Fabien Galthie, Ian Foster's, Foster, Emmanuel Macron, Sam Cane, Tupou Vaa'i, Dalton Papali'i, Cane, Beauden Barrett, Marchand, Mo'unga, Ioane, Matthieu Jalibert, Ardie, Willie Jordan, Jaminet, Julien Pretot, Nick Mulvenney, Toby Davis, Ken Ferris Organizations: Blacks, Rugby, New Zealand, Stade de France, New, Argentina, South, France, All Blacks, Thomson Locations: France, Uruguay, Lille, New Zealand, Namibia, Toulouse, South Africa, New

HOUSTON (AP) — Texas’ power grid manager on Thursday again asked residents to cut their electricity use as the state endures another stretch of sizzling summer heat. Operating reserves fell as demand surged amid the heat, and power from wind and solar energy sources proved insufficient, according to ERCOT. On Thursday, ERCOT asked residents to conserve power from 5 p.m. to 9 p.m. CDT as reserves were again expected to be low. Political Cartoons View All 1148 Images“We request Texas businesses & residents conserve electricity use, if safe to do so,” ERCOT said in a tweet. Texas is not connected to the rest of the country's power grid, unlike other U.S. states, leaving few options to pull power from elsewhere amid shortages or failures.

Persons: ERCOT, ” ERCOT, Greg Abbott, Abbott, Juan, Lozano Organizations: HOUSTON, Electric, of Texas, Twitter, Republican Gov, Texans Locations: Texas, Austin, Amarillo, Dallas, El Paso

☆ Opinion | Anxiety in the Age of Barbie
▼ + stars: | 2023-09-02 | by ( Maureen Dowd | ) www.nytimes.com time to read: 1 min

It was “the summer of girl power,” a tour de force by a glittering troika. With pink dream houses, songs and sequins, Barbie, Taylor Swift and Beyoncé buoyed the economy and sent women’s confidence soaring. It is a major topic among moms: daughters struggling with anxiety or the effects of anti-anxiety medications, which can include weight gain and loss of libido. Many young college women are ping-ponging between anxiety, without pills, and numbness and body insecurity, with them. These young women seem to have everything, yet they are unable to fully enjoy a stretch in their life that should be sizzling with adventure and promise.

Persons: Barbie, Taylor Swift

☆ Labor Day weekend forecast: Sizzling heat to impact two-thirds of US
▼ + stars: | 2023-09-01 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Labor Day weekend may mark the unofficial end to summer for many, but Mother Nature didn’t get the memo this year. July-like heat sends temperatures skyrocketingTemperatures 10 to 20 degrees above normal levels for September could break or tie close dozens of records as heat builds over Labor Day weekend and into Tuesday. By Sunday, sweltering heat will expand across much of the Great Lakes, Ohio Valley and even portions of the mid-Atlantic. On Labor Day Monday, conditions will feel more like July across nearly two-thirds of the US. Places like Los Angeles and San Francisco may have the best weather in the country for Labor Day weekend.

Persons: Nature didn’t, Idalia Organizations: CNN, Labor, Miami, Orlando, National Weather Service, Hurricane Franklin, Southwest, Rockies, Weather, Idaho and Locations: United States, Upper, Omaha , Nebraska, Sioux Falls , South Dakota, Lakes, Ohio Valley, Atlantic . Minneapolis, Philadelphia, East Coast, Chicago , Washington, New York City, Gulf Coast, Texas, Florida, Houston , New Orleans, Tampa, Alabama, South Carolina, New Jersey, New York, Arizona , Nevada, Utah, Idaho, Idaho and Wyoming, Northwest, California, Seattle, Portland, Portland –, Los Angeles, San Francisco

☆ Lyles, Richardson back up world titles in Zurich
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +3 min

ZURICH, Aug 31 (Reuters) - Americans Noah Lyles and Sha'Carri Richardson cemented their status as fastest in the world this year with victories at the Weltklasse Diamond League meeting on Thursday. Kyron McMaster of the British Virgin Islands handed world record holder Karsten Warholm his first 400 hurdles loss this season, taking victory in 47.27 to edge the weary-looking world champion Norwegian who crossed in 47.30. The Olympic champion and twice reigning world champion failed on three attempts at 6.23 - what would have been the seventh time he has bettered the world record. Winfred Yavi of Bahrain passed world record holder Beatrice Chepkoech of Kenya with a lap remaining in a carbon copy of her world victory to win the women's 3,000 steeplechase. Yomif Kejelcha of Ethiopia won a men's 5,000 race in which Lamecha Girma, the world record holder in the 3,000 steeplechase, dropped out with two laps to go.

Persons: Noah Lyles, Sha'Carri Richardson, Richardson, Erriyon Knighton, Knighton, Jamaica's Shericka Jackson, Jackson, Kyron McMaster, Karsten Warholm, Warholm, Yulimar Rojas, Rojas, Armand Duplantis of, Mutaz Barshim, Yared, Briton Josh Kerr, Kerr's, Norway's Jakob Ingebrigtsen, Nuguse, Kerr, Yavi, Beatrice Chepkoech, Yomif, Lamecha, Lori Ewing, Ed Osmond Organizations: Weltklasse Diamond League, British Virgin Islands, Venezuela, Olympic, Thomson Locations: ZURICH, Budapest, Zurich, Hungary, British, Norwegian, Armand Duplantis of Sweden, Qatar, Bahrain, Kenya, Ethiopia

☆ Veteran short-seller Jim Chanos calls soaring electric carmaker VinFast a '$200 billion meme stock'
▼ + stars: | 2023-08-29 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Vietnamese electric carmaker VinFast has seen its shares skyrocket since it went public on August 15. Its market capitalization now stands at over $190 billion – but some investors cannot hide their disbelief. Veteran short-seller Jim Chanos called the carmaker a "$200B meme-stock" in a post on X. Monday's close saw the market capitalization of the lossmaking EV firm hit an eye-watering $190 billion – more than Ford, General Motors, and Chrysler Stellantis combined. AdvertisementAdvertisementFor veteran short-seller Jim Chanos, however, the stock is being driven by a retail investor craze and little else.

Persons: Jim Chanos, Monday's, Drew Dickson, Dickson, VinFast, Le, Thuy Organizations: Service, Ford, General Motors, Chrysler Stellantis, Vanda Research, Bloomberg, Albert Bridge Capital, Toyota Locations: Wall, Silicon

☆ How to Recognize a Tennis Prodigy
▼ + stars: | 2023-08-28 | by ( Tom Shroder | ) www.nytimes.com time to read: +1 min

You may have seen it if you’re a tennis fan. The ad begins with a young boy of 10 or 11, sitting in a humble apartment watching Venus Williams on a tiny antique television. Of course the young Tiafoes in the ad were the product of a casting call, not the actual young Frances. But the producers did a good job finding someone who looked like the 11-year-old boy I met in 2009, when I spent a couple of months writing about the Junior Tennis Champions Center in College Park, Md., a then-obscure tennis training academy which had shockingly produced three boys in world’s top 20 of junior tennis. But here’s the relevant bit: During my reporting at the tennis center, I spent a day with a boy the coaches seemed to have a strange regard for.

Persons: Venus Williams, He’s, Hey Frances, ”, —, Frances Tiafoe, Frances, Denis Kudla, Mitchell Frank, Kudla Organizations: United States, Junior Tennis, Center Locations: men’s tennis, College Park, Md, world’s

☆ The Plan to Boost GOP Primary Turnout
▼ + stars: | 2023-08-21 | by ( Kyle Peterson | ) www.wsj.com time to read: 1 min

Prosecutors have put a political whirlpool in motion. Presidential candidates converged again this month on the Iowa State Fair to flip sizzling pork chops, nibble peculiar speared foods, and scout for undecided caucus-goers. Yet history suggests most Iowans, and even most Republicans, are more into the fair rides and butter sculptures than primary politics. In the November 2016 election, Iowa’s 2.4 million adults cast 1.6 million votes, 801,000 for Donald Trump. How many Iowans were counted in that year’s GOP caucus?

Persons: Donald Trump Organizations: Iowa, Fair, GOP

We can hide from the heat in the desert in our air-conditioned homes, ours cooled by a heat pump powered by solar panels. With climate change heightening extreme temperatures, drought, fires and floods, we find ourselves entangled in a cascade of consequences. Further south, out Diné (Navajo) neighbors who have lived with desert heat through the generations are installing solar panels on their homes for greater efficiency, though some have no electricity and running water at all. Many throughout our desert communities are confronting the possibility that this untenable sustained heat and drought will force us to leave. Here in the Castle Valley blast furnace, we are sandwiched between red cliffs and mesas that absorb the heat and radiate it back to us.

Persons: Say’s Organizations: U.S . Department, Reclamation, roosters Locations: Interior’s, Colorado

☆ Here's what fireballs are and how to best spot them at the Perseid meteor shower's peak
▼ + stars: | 2023-08-13 | by ( Hannah Getahun | Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Viewers of Saturday's Perseid meteor shower might see up to 100 "fireballs" per hour at its peak. To best see them, move away from the city and let your eyes adapt to the night sky for half an hour. That's because fireballs are just what they sound like: exceptionally brilliant meteors that are rarer the brighter they are, according to the American Meteor Society. Lucky for meteor enthusiasts of all ages, the popular Perseid meteor shower , set to peak August 13, could bring up to 100 fireballs an hour, Insider previously reported. According to previous reporting from Insider, you have the best chance of seeing the shower in the pre-dawn hours.

Persons: Bill Cooke, Insider's Marianne Guenot, Cooke Organizations: Service, American Meteor Society, AMS, NASA, NBC Locations: Wall, Silicon, EarthSky

☆ The sizzling stock rally is under threat, and company profits could shrink as consumers feel the squeeze, JPMorgan strategist says
▼ + stars: | 2023-08-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

2023's blistering stock rally is under threat, according to a top JPMorgan Asset Management strategist. The impact of banking chaos could soon start to weigh on stocks, David Lebovitz said. Ahead of Thursday's inflation report, Lebovitz also commented on company margins and whether sticky costs will weigh on firms' pricing power. "When we look at the consumer, the consumer looks fine today, but the consumer is beginning to bend. That's going to undermine the pricing power that's allowed a lot of these companies to keep their heads above water," he added.

Persons: David Lebovitz, Lebovitz, that's, David Rosenberg Organizations: JPMorgan Asset Management, Service, Bloomberg, Nasdaq Locations: Wall, Silicon

☆ Student-loan payments and steeper interest rates will pave way for a severe consumer-led recession, top economist David Rosenberg says
▼ + stars: | 2023-08-09 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

The resumption of student loan payments combined with interest-rate hikes will fuel a consumer-led recession, David Rosenberg warned. Rosenberg has been bearish on markets and the US economy for a while, and has faced backlash over it. After a three-year pause, the federal government will start charging interest on federal student-loan balances once more, and student-loan borrowers will start making payments again in October. The loan repayments, combined with higher interest rates, threaten to to trigger a consumer slowdown, Rosenberg said in a CNBC interview. So, I think that it's going to be consumer-led," Rosenberg said, speaking about a prospective recession.

Persons: David Rosenberg, Rosenberg, Joe Biden's, " Rosenberg, he's Organizations: Service, CNBC, Fed Locations: Wall, Silicon

☆ The most interesting part of China's stimulus announcement was the omission of a key phrase that ignited the 2020 crackdown on the real-estate sector
▼ + stars: | 2023-08-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

China's property market is a huge part of the economy, but it's now in a deep slump. This measure was introduced in August 2020 to limit the amount of money property developers could borrow. Other Chinese real-estate developers ran into similar issues, and the sector started to default on its bond payments. In the background, there were concerns that China's property crisis could spill over into the broader domestic and global economy. In 2022, China's economy grew 3% — well below its official 5.5% target, intensifying the drag on the property sector.

Persons: it's, Xi Jinping, Xi, Lina Batarags, Evergrande, Bo Zhuang, Loomis Sayles, Zhuang, Shenzhen —, Nomura Organizations: Authorities, Service, Bloomberg, Spain's Caixa Bank, Nikkei, Reuters Locations: Beijing, Wall, Silicon, China, Expectedly, Shenzhen

☆ Six Ways to Experience Athens Like a Local
▼ + stars: | 2023-08-07 | by ( Iliana Magra | ) www.nytimes.com time to read: +2 min

First, avoid the long entrance lines by booking your tickets online (20 euros, or about $22, for a single-entry adult ticket). Another booking option, the Athena’s Combined Ticket (adults, €30), provides access to six more sites in Athens, including the nearby Agora. Rhamnous, about an hour’s drive from downtown Athens, is a less crowded archaeological attraction — and it has ocean views (adults, €4). Eat like a GreekWith the sizzling summer temperatures, follow the local traditions when it comes to eating. For an upscale option by the sea and the best views of the Athens Riviera, go to Ithaki restaurant.

Organizations: SIA, Mavros Locations: Athens, Agora, Piraeus, Yperokeanio, Psyri, Mavros Gatos, Pangrati

☆ Wall Street keeps booming, but not everyone's convinced the bull market will last. Here's 6 voices of doom and gloom on US equities.
▼ + stars: | 2023-08-04 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

Here's six bearish views on the sizzling rally in equities, from Warren Buffett to David Rosenberg. From Warren Buffett to David Rosenberg, there's a chorus of market commentators throwing cold water on the fiery stock rally. That's given investors even more incentive to pile into equities, adding fuel to the stock rally. Here's 6 bearish stock market calls amid the stock market's breathless climb. Yet too many signs point to a severe stock market crash.

Persons: Warren Buffett, David Rosenberg, it's, there's, Dow Jones, Oppenheimer, Berkshire Hathaway, Buffett, Rosenberg, Tom Lee, Lee, Robert Kiyosaki, Rich Dad Poor, John Hussman, Hussman, Danielle DiMartino Booth, We're, DiMartino Booth Organizations: Service, Nasdaq, Buffett, Rosenberg Research, Reserve Locations: Wall, Silicon

☆ The Conductor John Wilson Doesn’t Like Musical Distinctions
▼ + stars: | 2023-08-03 | by ( Hugh Morris | ) www.nytimes.com time to read: +1 min

There’s an affability between Wilson and the players, many of whom he’s had relationships with for two decades. (“I feel very much as if I’m one of them,” he said in an interview later.) “We want to be in that very demanding, high-achieving environment, where most of us, 90 percent of the time, feel like we’re impostors. Wilson aims “for a different kind of homogeneity,” Mills said. “There’s plenty of sizzling vibrato,” said Charlie Lovell-Jones, another leader of the orchestra, making “a sound you can chew.”

Persons: There’s, Wilson, he’s, ”, tersely, ” Wilson, William Walton’s, “ John, John Mills, “, ” Mills, Mills, Charlie Lovell, Jones Organizations: Sinfonia, London

☆ The S&P 500 is enjoying one of the best years since 1927, thanks to the AI buzz
▼ + stars: | 2023-08-02 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

The S&P 500 is riding one of its best years since 1927, thanks to the AI hype. It's only been 10 times since the 1920s that the benchmark index has performed so well, market veteran Jim Bianco said. With price-only S&P 500 data going back to 1927, this year ranks as the tenth best through July 31,"40-year market veteran Jim Bianco said in a tweet. The S&P 500 has jumped nearly 20% this year, defying pessimists like Morgan Stanley's Mike Wilson who recently admitted the Wall Street bank was wrong to write off 2023's sizzling stock-market rally. As the index continues its ascent, analysts at JPMorgan predict that a new record high for the S&P 500 "feels inevitable."

Persons: Jim Bianco, Stocks, Dow Jones, OpenAI's, Morgan Stanley's Mike Wilson Organizations: Service, Nasdaq, Dow, Federal Reserve, JPMorgan Locations: Wall, Silicon

☆ A Florida steakhouse is selling a plant-based steak for a whopping $69
▼ + stars: | 2023-08-02 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

A Florida steakhouse chain is joining the fray by selling a $69 plant-based steak by Chunk Foods. Charley's Steak House is billing itself as the first steakhouse chain in the US to add a plant-based steak to its menu. The plant-based steak is so good that some staffers were fooled during blind taste tests, company Executive Vice President Clark Woodsby told Insider. Last year, Beyond Meat's sales slumped as consumers turned away from plant-based meat substitutes. To date, restaurant diners have experienced plant-based foods at fast-food chains like KFC, Pizza Hut, McDonald's, and Chipotle.

Persons: mignon, Charley's, Clark Woodsby, Mignon, Woodsby, Seth Miller, Miller, Amos Golan, Golan Organizations: Chunk Foods, Service, Chunk, Town, Texas Cattle Company, Foods, Steak, Foods Chunk Locations: Florida, Wall, Silicon, Central Florida, FishBones, Texas, Charley's

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