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☆ The US economy may end up caught in a dreaded period of stagflation. 2 experts outline the scenario, and how to keep your money safe
▼ + stars: | 2024-04-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

This would force interest rates to stay higher for longer, putting pressure on US businesses and consumers. 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 . AdvertisementA pair of economic reports has brought back a word no central banker ever wants to hear: stagflation. The difficult scenario occurs when inflation rises and growth stalls, a dangerous combination just experienced by the US economy.

Persons: stagflation, —, Thursday's, LPL, Jeffrey Roach, Mike Reynolds, Reynolds, Jamie Dimon, Roach, shouldn't Organizations: Service, Federal, yesterday's, Fed, Wall Street, Bank of America

☆ 2 experts outline a looming scenario where the US economy ends up caught in a dreaded period of stagflation
▼ + stars: | 2024-04-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

☆ Gen Z would rather take a chance on a new app than use 'embarrassing' Instagram if TikTok gets banned
▼ + stars: | 2024-04-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

AdvertisementAs a potential US TikTok ban looms, Gen Zers are contemplating what app might take its place. A potential TikTok ban loomsThe US Senate passed a bill on Tuesday that could see TikTok removed from app stores. It's unclear if such AI tools would convince Gen Z to scroll on Instagram and use it more often. AdvertisementJaxson Whittle, an older Gen Z, told BI he holds a different opinion. "No hate to them, but I don't think it's the move for Gen Z at the moment."

Persons: Young, —, Zers, Joe Biden, They'd, Gabrielle Yap, Instagram, Josie doesn't, Gen, Hibaq Farah, TikTok, Farah, Tabitha Mae, I'm, I've, Yap, Kat, It's, Sophie Lund, Yates, Hargreaves Lansdown, Jaxson Whittle, TikToker Cassandra Marie, Gen Z, she's Organizations: Service, Senate, Business, Pew Research Center, Meta, Facebook, BBC, YouTube, Gen Locations: TikTok

☆ I work from a cruise ship for 3 months a year. Here's how I stay productive at sea.
▼ + stars: | 2024-04-24 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

We live in an Orlando rental, but I run the travel-planning business from a cruise ship for three months out of the year. Video calls can be dicey, but voice calls over WiFi work wellMost of my work is using emails, social media apps, and a web browser, so I don't tend to have problems. The upload speed is the most difficult thing about working on a cruise ship. Cruise ships are comparable to remote working spaces, but they offer so much more. Meeting places are usually free on a cruise ship.

Persons: —, Walter Biscardi, Walter Travel, I'd, we'll, I've, Lady Organizations: Service, Business, Royal, Voyages, Virgin Voyages, YouTube, Virgin Locations: Orlando, Atlanta, Royal Caribbean, Oceania

☆ Google search boss warns employees of 'new operating reality,' urges them to move faster
▼ + stars: | 2024-04-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +9 min

"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.

Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium

☆ John Deere is hiring a CTO — that's Chief Tractor Officer — to help launch its TikTok channel
▼ + stars: | 2024-04-17 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

John Deere is looking for a different kind of CTO — a Chief Tractor Officer. The winner of the competition will help launch the agriculture equipment company's new TikTok channel. AdvertisementAgriculture equipment company John Deere is on the hunt for a different kid of CTO. The brand on Tuesday announced a two-week search to find a "Chief Tractor Officer" who would create social media content to reach younger consumers. This story is available exclusively to Business Insider subscribers.

Persons: John Deere, — Organizations: Service, Agriculture, Wrigley, Business Locations: Yellowstone

☆ Higher for longer rates may mean lower for longer stock multiples, and stock prices
▼ + stars: | 2024-04-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Earnings estimates did not suddenly rise dramatically. Earnings estimates for the S & P 500 this year is $243, according to LSEG. The multiple is an expression of how much investors are willing to pay for, say, $1 of future earnings. The market is saying it is willing to pay $10 for $1 in future earnings. And if that happens, earnings estimates will decline along with the multiple.

Persons: Jack Bogle, Bogle, depresses, that's Organizations: Vanguard, Funds

☆ Oh look at that! Now Google is using AI to answer search queries.
▼ + stars: | 2024-04-15 | by ( Peter Kafka | ) www.businessinsider.com time to read: +7 min

AdvertisementThe upshot: For now, Google is testing out self-generated "AI overviews" for some regular search queries where it thinks the answer might be complex (but answerable). A Google rep told me the AI answers have been deployed in a "very limited percentage of search traffic" in the US and the UK. Screenshot/GoogleBecause I am A Responsible Journalist, I also asked Google how Google Magi, which powers these results, does or doesn't interact with the tech powering Google Gemini, its much-maligned "woke AI" chatbot. Right now, Google tries to keep you on Google by surfacing text from a site that purports to answer your query. AdvertisementOn the one hand, maybe Google becomes even more valuable because you're no longer even pretending it's a "search engine" — it's just an answer machine.

Persons: —, you've, Microsoft's Bing, truman, OpenAI, Bing, It's, Google's, You've, Jason Kelce's, Taylor Organizations: Google, Service, National Locations: vietnam

☆ At a Holi festival in Brooklyn, tradition and contemporary celebration create a colorful union
▼ + stars: | 2024-04-15 | by ( Sheetal Banchariya | ) www.businessinsider.com time to read: +8 min

The Hindu festival Holi has become more popular and inclusive, especially in the Indian diaspora. The Hindu festival of colors, observed as Holi in India and Fagu Purnima in Nepal, holds immense cultural significance for South Asians. "There were not many or any events celebrating Holi at that time, despite a considerable number of Indians living in Jackson Heights," she said. He said that over the years he'd seen Indians, Pakistanis, Nepalese, Bhutanese, Sri Lankans, African Americans, and Irish people attending his Holi event. Love was in the air at the Holi celebration.

Persons: —, Fagu, bhalle, gulab jamun, I'd, Sheetal, Zayira Ray, Uma Kapoor, Kapoor, Manny Singh, Jarrod Fox, Festivalgoers, Akash Sheth, Sheth, Singh, Elise Young, Elise's Bodyshop, Carmen Perez, Young, who's, Vijay Satnarine, It's, Satnarine, Love, Lord Vishnu, King Hiranyakashipu, Prahlad, Hiranyakashipu's, Holika, Radha Rani, Lord Krishna Organizations: Service, BI, Morgan, Morgan Stanley's IT, Google, Hindu American Foundation, gulal, Apple Locations: Brooklyn , New York, India, Fagu Purnima, Nepal, New York, Asian, Queens , New York, Jackson Heights, Jersey, New York City, Morgan Stanley's, City, Brooklyn, Sri Lankans, African, Connecticut, Massachusetts, London, Wales

The Stickney Water Reclamation Plant in Illinois is one of the largest wastewater-treatment facilities in the world, serving about 2.3 million people and cleaning an average of 700 million gallons of wastewater a day. During rainfall, the facility can handle a whopping 1.44 billion gallons of wastewater in a single day — that's a million gallons every minute. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Organizations: Reclamation, Business Locations: Stickney, Illinois

☆ I love staring at my phone. So why are some tech companies trying to stop me?
▼ + stars: | 2024-04-14 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +8 min

Bad reviews of the AI Pin point out how it can't replace a phone. AdvertisementI was excited for the AI Pin, I really was. Unfortunately, the reviews of the AI Pin so far have been dreadful. I don't stare at my phone in a restaurant, a movie theater, or while talking to someone. I don't think my consciousness will ascend to a higher plane if I could only tear myself away from the 2,000-nit light of my iPhone 14 Pro Max.

Persons: —, we've, Siri, There's, They're, Joanna Stern, Sam Altman, I'm, I'd, Max Organizations: Service, The, Journal, Meta, Apple Watch Locations: UAE

☆ 'We've never seen this many extremes': Strategists warn of dot-com bubble similarities as expensive US stocks struggle — but this 7-part strategy can still outperform
▼ + stars: | 2024-04-13 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

From late October through March, the S&P 500 enjoyed a virtually uninterrupted 27.6% rally based on better-than-expected earnings and economic data. And while it's still well below the dot-com bubble levels, it's still too close for comfort for many investors. Related story"Those higher rates are starting to push back on elevated valuations for stocks right now," Saglimbene said. "They're all much cheaper on an earnings basis than those Magnificent 7 companies," Saglimbene said. "So I think if we avoid a recession this year, the narrative will change to a broadening of companies and sectors that can participate in earnings growth this year."

Persons: aren't, Anthony Saglimbene, Rick Pitcairn, Pitcairn, it's, we've, Raheel Siddiqui, Neuberger Berman, Siddiqui, Jon Wolfenbarger, Albert Edwards, Bill Smead, James Ragan, DA Davidson, Ragan, Saglimbene, Indrani, she's, De, Davidson, Siddiqui's Organizations: Ameriprise, Business, DA, FTSE Russell, Investors Locations: Ameriprise

In the shadow of the Rocky Mountains, with an elevation one mile closer to space than sea level, lies an area that's home to a burgeoning cluster of aerospace businesses. Voyager Space CEO Dylan Taylor traveled to space on a Blue Origin flight in 2021. For Voyager, that's been true. For Taylor, who has been to space himself after a trip on Blue Origin's New Shepard, the Denver-Boulder space story extends beyond Voyager too. Denver area startup Orbit Fab is building refueling ports for satellites that will allow them to fuel up in space.

Persons: Dylan Taylor, CNBC's Morgan Brennan, Lockheed Martin, Northrop Grumman, RTX, Jeff Bezos, Morgan Brennan, Sen, John Hickenlooper, Hickenlooper, that's, Taylor, Shepard, He's, Northrop, Daniel Faber, Orbit, Faber Organizations: Buckley Space Force, CNBC, Aerospace, Colorado Space Coalition, Voyager, Denver . Voyager, AFP, Getty, Lockheed, Boeing, Northrop, Launch Alliance, BAE Systems, Space, Space Station, Airbus, Mitsubishi, Northrop Grumman, AAA Locations: Colorado, CNBC's, Rocky, Denver, Boulder, California, Silicon Valley

☆ More than 66% of Russian tanks killed by Ukraine are taken out by drones, report says — that's not a good thing
▼ + stars: | 2024-04-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Ukrainian drones are decimating Russian tanks, a NATO official said. Drones have been vital for Ukraine in fighting Russian attacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In an interview with Foreign Policy, a NATO official said that Ukrainian first-person view (FPV) drones were responsible for two-thirds of recent Russian tank losses. While that may seem like a success for Ukraine, its heavy reliance on drones reflects its lack of alternatives.

Persons: — Organizations: NATO, Service, Foreign, Ukraine, Business Locations: Russian, Ukraine, Ukrainian

☆ I was over-employed and worked other jobs on top of my full-time one. To achieve the American dream, you have to beat the system.
▼ + stars: | 2024-04-10 | by ( Isabelle Aron | ) www.businessinsider.com time to read: +7 min

Project manager Kendall McGill started picking up contract work after she started working from home. After the Apple contract ended in July 2022, I also left my full-time job at Hunt A Killer in September 2022. AdvertisementI job-hop often and always look out for new contract workI had another full-time job and a contract lined up at companies where nobody knew me. I had a full-time job and two contracts, one full-time and one part-time. By 2 p.m., I'd start doing my West Coast job until around 7 p.m. or 8 p.m.

Persons: Kendall McGill, She's, —, I've, Hunt, I'd, I'm, We've Organizations: McGill, Service, Business, Apple, West Locations: East Coast, West Coast, East

☆ There is no loneliness epidemic
▼ + stars: | 2024-04-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +17 min

With the report, a steady trickle of headlines about the epidemic turned into a firehose: "Loneliness is at epidemic levels and it's killing Americans" (USA Today); "This Epidemic of Isolation Is as Harmful as Smoking" (Bloomberg); "America's Loneliness Epidemic Comes for the Restaurant" (The Atlantic). There's one problem: The loneliness epidemic doesn't exist. Even the authors caution in their meta-analysis that "the frequently used term 'loneliness epidemic' seems exaggerated." Calling it a "loneliness epidemic," then, may be a bit like calling COVID a "sneezing pandemic." "There are many, many surveys that are just making up questions about loneliness and are not using the UCLA Loneliness Scale or some other validated loneliness scale," she says.

Persons: Vivek Murthy, Murthy, Hillary Clinton, Donald Trump, Sen, Chris Murphy, Ruth, University of Michigan —, Eric Klinenberg, Julianne Holt, it's, Dave Sbarra, Holt, David Riesman, Lunstad, I've, —, Sbarra, Klinenberg, Adam Mastroianni, " Mastroianni, Mastroianni, Biden, isn't, Jill Lepore, voicemails, There's, Jerome Adams Organizations: Bloomberg, Business, York, Gallup, University of Michigan, New York University, Brigham Young University, University of Arizona, Bell, University of California Los, Commerce, UCLA, Republican, Democratic Locations: Connecticut, Brooklyn, University of California Los Angeles, America, Washington, DC, COVID

☆ Instagram makes more ad money than YouTube, new court filings reveal
▼ + stars: | 2024-04-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Instagram generated $32.4 billion in ad revenue in 2021, making up 27% of Meta's total revenue. Instagram's ad revenue was higher than Google's YouTube, which generated $28.8 billion. AdvertisementWe already knew that Instagram is a giant app that makes up a significant chunk of Meta's overall business. More context: Instagram made more money selling ads that year than Google's YouTube, which generated $28.8 billion in ad revenue. (Analysts at MoffettNathanson peg YouTube's overall revenue for that year at $35.4 billion, after factoring in the money it makes from its music and TV subscription services.)

Persons: Meta, — Organizations: YouTube, Service, Business

☆ 'A fantastic market': Strategist names one under-the-radar stock to play in Japan right now
▼ + stars: | 2024-04-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +1 min

Several investors have been looking favorably at Japanese stocks in the past few months, and market strategist Matt Orton is no exception. "Japan overall, has been a fantastic market ... Japan was the top performer within the Asian equity market complex," the chief market strategist at asset management firm Raymond James Investment Management told CNBC's " Squawk Box Asia " on April 1. One stock that stands out to Orton is Sumitomo Mitsui Financial Group . Of the 14 analysts covering the stock, 10 give it a buy or overweight rating, while four have a hold rating, according to FactSet data. Analysts' average price target for the stock is 9,537.50 Japanese yen ($62.89), giving it around 11% potential upside.

Persons: Matt Orton, Raymond James, CNBC's, levered, they've, Orton Organizations: Raymond James Investment Management, Japan's Nikkei, Tokyo Exchange, Orton, Sumitomo Mitsui Financial Group, Sumitomo Locations: Japan, Tokyo, Indonesia, India, Vietnam, Philippines

☆ Elon Musk's having a terrible year
▼ + stars: | 2024-04-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Read preview2024 has been off to a rough start for Elon Musk. Musk's golden child, Tesla, has been facing headwinds in recent months. In the US, Musk's company is also facing softening demand from customers who appear to be growing increasingly weary of Musk's antics. Thus far, Musk's purchase of Twitter doesn't appear to be going according to plan. A judge recently tossed out a lawsuit Musk's X filed against a research group, saying the suit was an attempt to bully the social media site's critics into silence.

Persons: —, Elon Musk, Tesla, Justin Sullivan Wedbush, Dan Ives, Ives, — that's, Oppenheimer, Colin Rusch, Musk, he's, OpenAI, Sam Altman, Kent Nishimura, Musk's X, X, Neuralink Organizations: Service, Elon, Business, EV, Twitter, CNBC, Tesla, Bloomberg, Fidelity, SpaceX Locations: Berlin, BYD

☆ I was a renter. Then I bought my house from my landlord.
▼ + stars: | 2024-04-02 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

About four years ago, when my landlord bought the property, I was his very first tenant. Before the pandemic, I had been in the market for quite a long time looking to buy a house. When I signed that first rental lease with my landlord in May 2020, I completely pulled myself out of the market. After being bummed about that, a few days later my landlord texted me saying, "Hey, I'm putting this house on the market. He shared with me that he bought his own place and that he was no longer going to be living in that house.

Persons: Dom Guerra, —, There's, Guerra, Selena Tovanche, — I'm, you've, It's Organizations: Service, Ohio Housing Finance Agency Locations: Cleveland, Parma , Ohio

☆ Pet insurance didn't feel worth it—until my cat needed a $3,000 surgery
▼ + stars: | 2024-03-30 | by ( Mike Winters | ) www.cnbc.com time to read: +7 min

My wife and I never gave pet insurance much thought, until our cat Wally needed a $3,000 surgery. My wife and I never gave pet insurance much thought — until we were told our cat Wally needed surgery that would cost nearly $3,000. Apparently, we weren't alone in that thinking, as only about 25% of pet owners have pet insurance, according to a recent NerdWallet survey. What you get with pet insuranceTypically, pet insurance covers accidents, illness and wellness, which pays for routine care like annual exams. How to know whether pet insurance is right for youFinancial planners who spoke with CNBC Make It were divided on whether pet insurance is worth the cost.

Persons: Wally, Mike Winters, periodontitis, there's, Rikin Shah, Carol Fabbri, — Organizations: CNBC, Insurance Locations: Denver

☆ Fitness influencers swear by the 'carnivore diet'—it's 'basically a terrible idea,' doctor says
▼ + stars: | 2024-03-30 | by ( Renée Onque | ) www.cnbc.com time to read: +5 min

Here's what experts have to say about the safety and sustainability of the carnivore diet. The diet, similar in style to the Atkins and keto diets, goes by many names: carnivore diet, lion diet, high-fat diet and animal-based diet. Beef, butter, bacon and eggs — that's what some influencers swear by for the " carnivore diet ." Weight loss is one of the huge benefits that people who follow the carnivore diet claim they've experienced since adding more animal-based products to their diet. "You can think [that] if you're eating that kind of meal, you're helping bring down another tree on the other side," he adds.

Persons: TikToker @steakandbuttergal, Atkins, Walter Willett, Harvard T.H, Willett, Georgia Ede, Ede, There's Organizations: Harvard, of Public Health, Internal Medicine, Harvard Health Publishing, CNBC Locations: Chan, Europe, United States

☆ I got deactivated from the Walmart Spark app after I got in a car accident. I wasn't even working when it happened.
▼ + stars: | 2024-03-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Business Insider has verified Youngblood's identity and former work for Spark. That's when I got a "pre-adverse action" email from Spark, which had found out after running a background check. If you're going to deactivate somebody, you need to say what the grounds are. If I was delivering for Spark and I caused an accident, I would not fight it at all. Walmart doesn't insure me or my car or anything, so they can't claim that I'm going to cost them more going forward.

Persons: —, Adrian Youngblood, Walmart's, I've, that's Organizations: Service, Business, Walmart Locations: an Ohio

☆ The Fed needs to 'kill the zombie' with a high-rate-induced recession before investors should jump in to buy more stocks, strategist says
▼ + stars: | 2024-03-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Investors need to wait for a recession and accompanying rate cuts before putting more cash into stocks, Canaccord's Tony Dwyer says. Under such a scenario, the Fed would leave interest rates higher for longer to induce a downturn, then cut rates, Dwyer says. That's actually good news for investors, Dwyer said, as a downturn is the buying opportunity investors need to wait for:"You need to kill the zombie. A slowing economy could push the Fed to issue rate cuts — the monetary easing tool investors have been eagerly anticipating. Some Wall Street forecasters have warned interest rates could stay higher-for-longer as the Fed is looking to avoid a resurgence in inflation.

Persons: Canaccord's Tony Dwyer, Dwyer, —, Tony Dwyer, Canaccord, that's, haven't, Russell Organizations: Service, CNBC, of Labor Statistics, New York Fed

☆ Home prices will 'go through the roof' as soon as rates come down a single percentage point, 'Shark Tank' investor Barbara Corcoran says
▼ + stars: | 2024-03-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Home prices will soar the moment mortgage rates drop to 6%, Barbara Cocoran predicted. The "Shark Tank" investor is anticipating a wave of buyers coming to market once rates fall one percentage point. Buyers waiting for rates to come down may wind up paying more in the end, she warned. Real estate economists say that mortgage rates aren't primed for a significant drop anytime soon. Mortgage rates are influenced by real interest rates in the economy, and the Fed has hinted it could keep rates higher for longer as it continues to monitor inflation.

Persons: Barbara Cocoran, —, Barbara Corcoran, Cocoran, Freddie Mac, Corcoran, meanwhile Organizations: Service, Fox Business Network, Corcoran Group

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