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☆ Ukraine's drone teams are operating more like tech startups than military units
▼ + stars: | 2024-11-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Ukraine's drone units are operating more like scrappy startups than traditional military units. AdvertisementSome of Ukraine's drone units are operating more like edgy tech start-ups than military units, as they continue to play an oversized role in the country's military defenses. According to a report by The Wall Street Journal, drone pilots are now the deadliest soldiers on the modern battlefield. The Journal met with Clear Eyes, a drone battalion that started out as unpaid civilian enthusiasts relying on commercial drones to track Russian military movements. Dakhno is now a drone pilot who claims to have killed about 300 Russian soldiers in a year and a half, and to have once flown a drone with a 9-pound bomb into a school auditorium where Russian soldiers were sheltering.

Persons: —, Heorhiy Volkov, Volkov, Oleksandr Dakhno, Volodymyr Zelenskyy Organizations: Street Journal, Service, Wall Street Journal, The, Clear Locations: Ukraine, Russia, Crimea

☆ Americans are probably getting another interest rate cut this week — just days after the election
▼ + stars: | 2024-11-04 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon. Advertisement"Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. What are your financial plans if the Fed makes another rate cut?

Persons: —, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ Chip fever has created an $11 billion debt market backed by Nvidia's AI-enabling GPUs
▼ + stars: | 2024-11-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Top Wall Street lenders have created a big debt market back by red-hot Nvidia GPUs. A report from the FT says firms have made billions in loans to companies that use Nvidia chips as collateral. AdvertisementTop Wall Street firms have loaned billions to a handful of tech companies that have used Nvidia's artificial intelligence-enabling GPUs as collateral, The Finanacial Times reported. According to the FT, big financial institutions including BlackRock, Blackstone, Pimco, and Carlyle, have made over $11 billion in loans to "neocloud" companies, tech companies that provide cloud services to other tech firms building AI products. There are concerns, though, over the value of Nvidia's GPUs, with the price of existing AI chips potentially coming down as more advanced models are released and as companies potentially dial back AI spending.

Persons: —, Carlyle, Willy Wonka's Organizations: Nvidia, FT, Service, Finanacial Times, BlackRock, Blackstone, Lambda Labs, Leasing, Business Locations: Wall

☆ A 45-year-old personal trainer to celebrities including Naomi Campbell shared how he eats and trains to boost his longevity and stay fit
▼ + stars: | 2024-11-04 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +6 min

Celebrity personal trainer Luke Worthington focuses on longevity over hitting fitness personal bests. AdvertisementWorthington, who has trained celebrities including Dakota Johnson, Naomi Campbell, and Jodie Comer, shared his longevity non-negotiables with BI. Luke Worthington used to prioritize his work over his fitness. Luke WorthingtonThree times a week, Worthington strength trains using the "3 x 52" format he uses with his clients. While Worthington used to rely on recipe boxes and convenience foods, he's started cooking from scratch over the past year.

Persons: Luke Worthington, —, he's, it's, Worthington, Dakota Johnson, Naomi Campbell, Jodie Comer, wasn't, Luke Worthington Worthington, I've Organizations: Service, Worthington Locations: London

☆ Australia announced a sweeping plan to forgive 20% of student debt
▼ + stars: | 2024-11-04 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

Australian prime minister Anthony Albanese said he would cut student debt by 20% next year. AdvertisementThe Australian government on Sunday announced a sweeping plan to forgive 20% of student debt for around 3 million Australians. The debt relief is designed to promote "intergenerational equity," Albanese told Australian Broadcasting Radio on Monday, according to Bloomberg. AdvertisementHowever, Biden's efforts to grant broad student loan relief have hit several stumbling blocks. Biden's Education Department is continuing to work on debt relief proposals; if finalized, the latest one would benefit 8 million borrowers facing hardship.

Persons: Anthony Albanese, —, Albanese, it's, Andrew Norton, Richard Holden, Ayelet Sheffey, Biden's, Donald Trump, Kamala Harris Organizations: Service, Sunday, Labor, Australian Broadcasting Radio, Bloomberg, Australian National University, University of New, ABC News, Biden's, Department Locations: University of New South Wales

☆ Who Wall Street thinks will win the election
▼ + stars: | 2024-11-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

A survey of 119 investors found that 53% think former president Donald Trump will defeat Kamala Harris. Investors believe fossil fuel and industrial companies should do well under Trump, the survey said. AdvertisementMany of the bigwigs of finance have picked their sides, but Wall Street seems to believe one candidate has the upper hand in this year's presidential election. Betting markets have leaned toward former President Donald Trump, and the financial markets have already priced in a Trump win, according to billionaire investor Stan Druckenmiller. One of the world's most accurate economists, Christophe Barraud, for instance, is putting his credibility on the line for a Trump win.

Persons: Donald Trump, Kamala Harris, Stanley Druckenmiller, —, Stan Druckenmiller, Emmanuel Cau, Trump, SumZero, Divya Narendra, Ken Griffin, Griffin, Druckenmiller, Hillary Clinton, Elon Musk, Christophe Barraud Organizations: Investors, Trump, Republican, Service, Barclays London, Billionaire Citadel, Future Investment Initiative, Tesla Locations: Saudi Arabia, Riyadh

☆ Meta's Threads has 275 million users. It sure doesn't feel that way.
▼ + stars: | 2024-11-04 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Snapchat says it averages 850 million monthly users. Meanwhile, Twitter's current owner, Elon Musk, says his service has 600 million monthly users. Back in April, Meta said Threads had 150 million monthly users. Some of them click on Threads posts they see there, and become Threads users that way. Threads doesn't seem like it's ever going to be that, and Meta doesn't seem very interested in trying to make that.

Persons: —, Mark Zuckerberg, Snapchat, Twitter, Elon Musk, Meta, It's, You'll, Katie Notopoulos, Adam Mosseri's Organizations: Service, Twitter, US Securities and Exchange Commission, Meta Locations: Japan, Taiwan, Instagram

☆ I wish I'd dropped out of college. Graduating with a degree didn't justify my now-mounting debt.
▼ + stars: | 2024-11-04 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +5 min

But, in hindsight, I wish I'd dropped out just to save myself on my now-mounting debt. Since then, nobody has asked me about my college degree. AdvertisementI believe my best — and safest — bet would have been to switch to an online degree when the pandemic first hit. It just goes to show that sometimes, a bit of risk-taking can pay off; I wish I'd been bolder. I'll definitely chalk up my university experience as "You live, and you learn" territory; I still really enjoyed aspects of my college experience.

Persons: —, I'd, I'm, I've, Little, it's Organizations: Service, Citadel

☆ I'm a nutritionist who loves salty snacks. I swear by this air-fryer broccoli that tastes like potato chips.
▼ + stars: | 2024-11-04 | by ( Candace Nelson | ) www.businessinsider.com time to read: +2 min

I'm a nutritionist, and when I crave a crunchy snack, I like to make crispy air-fried vegetables. Here's how I make these crispy vegetables that taste like chips. I find that these vegetables, especially broccoli, are the best for this recipe since they get crispy and retain their flavor. AdvertisementSmaller pieces of broccoli get extra crispy in the air fryer. You can also toss single Brussels sprout leaves in the air fryer for an extra crunchy bite.

Persons: I'm, —, fryer, Candace Nelson Organizations: Service Locations: Brussels

☆ Another jumbo Fed cut is coming by year-end with the US labor market weaker than many think, Citi economist says
▼ + stars: | 2024-11-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Fed is going to cut interest rates by 50 basis points in December, Citi economist Veronica Clark said. Labor market weakness is showing across a number of data points, she said. According to Veronica Clark, deteriorating labor dynamics will force the central bank to cut rates by 50 basis points in December. Her point has grown more evident after October's jobs report underwhelmed expectations with only 12,000 jobs added. AdvertisementThough October's unemployment rate stayed unchanged on a rounded basis, Clark noted that it was it nearly rounded to 4.2%.

Persons: Veronica Clark, It's, Clark, —, Reserve isn't Organizations: Citi, Labor, Service, Reserve, Bloomberg

☆ One of the world's best airlines is adding a flyer-favorite feature to its business class as premium competition heats up
▼ + stars: | 2024-11-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Five-star carrier Singapore Airlines is investing $830 million to retrofit 41 Airbus A350 planes. Business class doors are increasingly popular as flyers demand more privacy in high-dollar cabins. The privacy door, a flyer favorite, is an increasingly popular perk in business class. Singapore opted for privacy wings instead of a door on its existing A350 business class, which Business Insider flew in January 2023. Singapore's A350-900ULR will add three business class seats but lose 36 premium economy seats to make room for first class.

Persons: —, Taylor Rains, Goh Choon Phong Organizations: Singapore Airlines, Boeing 777X, Service, Airbus, Singapore, Business, Insider Airlines, Air, American Airlines, British Airways, Korean Air, Turkish Airlines, Boeing, Qatar Airways, Cathay Locations: Qatar, Air India, Singapore, New York City, Singapore Airlines Singapore, London, Hong

☆ I moved from Brazil to the Midwest at 19. My parents were born in the US, but I still wasn't prepared for the culture shock.
▼ + stars: | 2024-11-04 | by ( Kristi Ferguson | ) www.businessinsider.com time to read: +2 min

I moved from Brazil to the Midwest when I was 19 and experienced a few significant culture shocks. Go to newsletter preferences Thanks for signing up! AdvertisementWhen I moved from Brazil to Michigan at 19, it was my first time in the US — and, despite having parents from the Midwest, I didn't know much about the country. By the time I was born, my parents, who had relocated to Brazil as full-time volunteer missionaries in their early 20s, had lived in South America for almost 10 years. Related Video A side-by-side look at the Brazil riots and Capitol insurrectionHere are a few of the biggest culture shocks I experienced when I moved.

Persons: Lake, — Organizations: Service Locations: Brazil, Lake Orion , Michigan, Michigan, Midwest, South America, Curitiba, Brazil's Paraná, Detroit

☆ My wife and I inherited $250,000 and bought a camper to travel the country. I have no regrets about how we spent the money.
▼ + stars: | 2024-11-04 | by ( Chris Mott | ) www.businessinsider.com time to read: +6 min

Chris Mott and his wife used their $250,000 inheritance to buy a truck and trailer for travel. She died the way she lived, surrounded by family, in the house where she had spent nearly 60 years. After selling costs and legal fees, my wife and I received $250,000 in December 2022. AdvertisementThough Nana had never specified how we spent the money, we felt a need to be thoughtful. When Nana received her inheritance, she used it wisely.

Persons: Chris Mott, —, Nana, we've, haven't, Lauryn Haas Organizations: Service, Disney, lhaas Locations: Washington, Southern California, Vancouver , Washington, Anaheim, , Texas, West , Florida

☆ I've been to all 50 states. These are the 8 best ones to visit — and, yes, I have a favorite.
▼ + stars: | 2024-11-04 | by ( Leanna Coy | ) www.businessinsider.com time to read: +1 min

I'm a flight attendant who loves travel and has visited all 50 states. Some of my favorite states to visit include Nevada, Vermont, Maine, and Louisiana. Go to newsletter preferences Thanks for signing up! I've been able to visit all 50 states by strategically using my credit-card points, layovers, and job perks — after all, I am a flight attendant. Here are eight states I've loved visiting the most, including the one that's my favorite travel destination thus far.

Persons: I've, —, I'm Organizations: Service Locations: Nevada , Vermont, Maine, Louisiana, Massachusetts, Boston

☆ 10 of the most beautiful places in the US, according to someone who's been to all 50 states
▼ + stars: | 2024-11-04 | by ( Emily Hart | ) www.businessinsider.com time to read: +1 min

I'm a solo traveler who's been to every US state and national park. The beauty of Glacier National Park has brought me to tears on several occasions. I've also loved traveling to gorgeous places like Grand Teton National Park and Sedona, Arizona. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As I started to travel more in my 30s, eventually to all 50 states and 63 major United States national parks, I found that not only did they all exist, but that there was an almost never-ending list of beautiful places.

Persons: I'm, who's, I've, — Organizations: Service, United Locations: Park, Sedona , Arizona, Midwest, United States

☆ Sam Altman's leadership advice echoes 2 philosophies encouraged by Steve Jobs and Warren Buffett
▼ + stars: | 2024-11-04 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Altman also emphasized saying no, echoing Steve Jobs' leadership philosophy. AdvertisementThe leadership traits that Sam Altman values may sound familiar to those who have studied Steve Jobs and Warren Buffett. Altman said the team tries to be "rigorous" about straying away from "fantastical dreams" or goals — a strategy reminiscent of the late Apple cofounder Steve Jobs. Advertisement"The main thing I stressed was focus," Jobs had said about his visit to Larry Page, biographer Walter Isaacson wrote in the Harvard Business Review. "The difference between successful people and really successful people is that really successful people say no to almost everything," the Berkshire Hathaway CEO once said.

Persons: Sam Altman, Altman, Steve Jobs, Warren Buffett, —, Kevin Weil, Jobs, Larry Page, Walter Isaacson, Apple's, Jerry Yang, Insider's Nicholas Carlson, Marissa Mayer, — that's, Alman, Sora Organizations: Service, Apple, Harvard Business, Yahoo, Stanford University, Conference, Berkshire Hathaway Locations: Hollywood

☆ Warren Buffett's Berkshire Hathaway hoarded cash, sold stocks, and halted buybacks ahead of the election
▼ + stars: | 2024-11-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett signaled in Berkshire Hathaway's third-quarter earnings that he was being cautious. The investor built a record cash pile, slashed his two biggest stock bets, and halted buybacks. The legendary investor and his team sold $36 billion of shares and only made purchases worth $1.5 billion, marking their eighth straight quarter as net sellers. Related storiesNotably, Berkshire pared its bets on Apple and Bank of America, its two largest stock positions going into the quarter. Buffett has said that buybacks only make financial sense when a stock is trading at a discount to its intrinsic value.

Persons: Warren Buffett, —, Donald Trump, Kamala Harris, he's, Trump, aren't, Bershire, Buffett, Russ Mould, AJ, Mould Organizations: Berkshire Hathaway's, Service, Treasury, Apple, Bank of America Locations: Berkshire, payables

☆ I'm a New Yorker who tried 5 plain bagels from grocery-store chains and ranked them from worst to best
▼ + stars: | 2024-11-04 | by ( Ted Berg | ) www.businessinsider.com time to read: +1 min

I tried and ranked five plain bagels from different grocery stores to find the best one. Trader Joe's plain bagels left much to be desired, and the L'Oven Fresh version was just OK. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To eliminate as many variables as possible, I opted for plain bagels and topped them all with a layer of the same variety of whipped cream cheese.

Persons: —, Joe's Organizations: Kirkland, Service, Yorker, Costco, Foods Locations: Aldi

☆ Chip giant Nvidia wants to bring robots to the hospital
▼ + stars: | 2024-11-04 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

Nvidia wants to bring "physical AI" to hospitals, with robots for X-rays, linen delivery, and more. AdvertisementNvidia is digging deeper into healthcare — and the tech giant has big ambitions to bring AI to every part of the hospital. "This physical AI thing is coming where your whole hospital is going to turn into an AI," Powell told BI. Physical AI is getting more sophisticated for real-time surgeries, too. But Nvidia sees robots being used far beyond the operating room — including to monitor a patient for falls in their hospital room, or bring them fresh linens, Powell said.

Persons: —, Healthcare Kimberly Powell, Powell, III, Nvidia doesn't, Abridge Organizations: Nvidia, Service, Healthcare, University of Florida Health, Mayo Clinic, AP, Inc, Catalyst, Microsoft Locations: Las Vegas, Florida, Abridge, HLTH

☆ Russia hit Google with a fine so big it defies comprehension, exposing a legal system adrift
▼ + stars: | 2024-11-04 | by ( Joshua Nelken-Zitser | Kieran Corcoran | ) www.businessinsider.com time to read: +6 min

The fine points to a Russian legal system focused more on symbolic punishment than enforcement. All the same, that is what a Russian court maintains the company owes, as punishment for suspending accounts from YouTube. Related storiesLegal experts told Business Insider what it symbolizes is a Russian legal and economic system estranged from much of the world. AdvertisementRussia has effectively annulled intellectual property rights, enabling its companies to freely use patents and designs from Western companies. The scholars BI spoke to did not expect any other nation's court to try to enforce the Google fine.

Persons: —, Dmitri Peskov, Tyler Kustra, Kustra, Heineken, Christine Abely, Abely, Nathanael Tilahun, hasn't, Oleksandra, Snellman Organizations: YouTube, Google, Service, UK's University of Nottingham, Deutsche Bank, Commerzbank, New England Law, University of Essex, Bloomberg Locations: Russian, Russia, Ukraine, Dutch, Hong Kong , South Africa, Netherlands

☆ Watch the AI robots that Jeff Bezos just invested in fold laundry and put eggs in a carton
▼ + stars: | 2024-11-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Jeff Bezos just invested in an artificial intelligence startup creating digital brains for robots. Videos from the company show robots folding laundry, bussing tables, and assembling boxes. At Physical Intelligence (π) our mission is to bring general-purpose AI into the physical world. Physical Intelligence, a representative for Bezos, and the other VC firms reportedly in the funding round did not immediately respond to requests for comment from Business Insider. OpenAI and Microsoft have invested in humanoid robot startup Figure AI.

Persons: Jeff Bezos, — Organizations: Service, Physical Intelligence, Amazon, Lux Capital, The New York Times, Business

☆ Kim Kardashian wore a nearly $200,000 necklace previously seen on Princess Diana. It isn't the only vintage piece she owns.
▼ + stars: | 2024-11-04 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Kardashian bought the necklace at an auction for nearly $200,000 in 2023. Kardashian has a penchant for vintage fashionThe necklace isn't the first famous archival piece Kardashian has bought at an auction. AdvertisementIn addition to her auction purchases, Kardashian is also known to borrow vintage pieces for red carpets. Kim Kardashian attends the Academy Museum Gala in October 2024. Fashion enthusiasts were concerned she damaged the vintage piece, but Kardashian and Ripley's Believe It or Not, which owns the gown, denied those claims.

Persons: Kim Kardashian, Princess Diana, Kardashian, —, Gucci, Bauer, Griffin, Princess Diana's, Garrard, Naim Attallah, Sotheby's, Diana, Tim Graham, Attallah, Catherine Walker, Alberto E, Rodriguez, Michael, Jackie Kennedy, Martin Nolan, Nolan, it's, Emma McIntyre, Marilyn Monroe's Organizations: Service, Angeles County Museum of Art, Axelle, Getty, Julien's, Academy Museum, Academy Museum of Motion Locations: Palestinian, British, West

☆ The typical first-time homebuyer in America is older than ever before
▼ + stars: | 2024-11-04 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

The typical age of a first-time homebuyer in the US has reached an all-time high: 38. First-time buyers make up 24% of all buyers, the lowest level since NAR started tracking in 1981. The changing characteristics of the typical first-time homebuyer in America are proof of the strain. The typical first-time buyer now has a median age of 38 — up from 35 in 2023. The typical first-time homebuyer is richer than ever, too.

Persons: It's, —, — Gen Zers, millennials, haven't, Jorge Argota, Argota, He's Organizations: National Association of Realtors, Service, NAR Locations: America, Miami, Florida

☆ An Oregon airport is trying to alleviate travel anxiety with llama therapy
▼ + stars: | 2024-11-04 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Portland airport is using llamas and alpacas for stress relief at its terminals. Animal therapy appears to lower anxiety and promote mood-lifting hormones. AdvertisementAn airport in Oregon is trying to ease nervous flyers' concerns by providing them with access to an unusual animal therapy program. Most existing studies are focused on therapy dogs, which are increasingly being used in airports, such as London Stansted and Istanbul Airport. Denver International Airport has the world's largest animal therapy program, for which it was awarded the Guinness World Record in 2021.

Persons: —, Allison Ferre, Mintel Organizations: Service, Portland International, NPR, UCLA Health, London Stansted, Istanbul Airport, Port, Business, International, Guinness, Disease Control, Prevention Locations: Portland, Oregon, Ridgefield , Washington, New York City, Istanbul, Port of Portland

☆ HPE CEO tells BI why he's redoubling DEI initiatives as some companies waver
▼ + stars: | 2024-11-04 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Hewlett Packard Enterprise CEO Antonio Neri prioritizes diversity, equity, and inclusion. AdvertisementHewlett Packard Enterprise CEO Antonio Neri started his career at the company as a "Customer Service Engineer" in a call center nearly 30 years ago. Neri said he addresses DEI initiatives at the company in internal quarterly leadership discussions and company surveys multiple times a year. The CEO role has changedThe 57-year-old CEO wants a diverse workforce that stays with the company and moves up the ranks. If you're sitting on the sideline, that means you're you're not contributing your best," he said.

Persons: Antonio Neri prioritizes, John Deere, —, Antonio Neri, " Neri, HPE, Harley Davidson, Neri, He's, it's, Meg Whitman, he's Organizations: Hewlett Packard Enterprise, Microsoft, Service, Hewlett, Enterprise, Business, HP, Partners, eBay Locations: Kenya

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