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☆ Why Biden's plan to make monthly student-loan payments cheaper could end up sticking borrowers with the same repayment struggles they've had for decades
▼ + stars: | 2023-02-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

For years, income-driven repayment plans for student-loan borrowers were not working as intended. That's why Biden introduced a proposal to reform those plans and make monthly payments cheaper. Angel said they were advised by a customer service representative at a student-loan company to stay in school to defer the loan payments. But after so many years of failures with IDR plans, Chingos said he's concerned not much will change. According to NPR, three student-loan companies weren't tracking the payments borrowers were making under the plan, and low-income borrowers who were making $0 monthly payments were hurt the most.

☆ Indiana's Senate race will show the depths of the fault lines within the GOP. Early signs show it's still Trump's party.
▼ + stars: | 2023-02-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +10 min

Mitch Daniels would have been an ideal GOP Senate candidate. Daniels' decision offers a look at the obstacles that the party continues to face headed in 2024. Mitch Daniels would have been seen by most traditional conservatives as an ideal candidate to run for the Senate. Eric Holcomb is a potential candidate in the 2024 Indiana Republican Senate primary. AP Photo/Manuel Balce CenetaIndiana could drive the GOP Senate roadmapAhead of the 2022 midterm elections, Republicans anticipated making major gains in Congress, which eventually didn't come to pass.

☆ Electric cars are too expensive because Americans insist on having more car than they need
▼ + stars: | 2023-02-02 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

But Americans love SUVs and trucks, and they're going to have to pay for them in the near term. A lot of prospective EV buyers just haven't yet found the types of EVs they're looking for. They don't necessarily need more luxury electric sedans — they want the trucks and SUVs they're used to. A recent study found most car-buyers don't want to spend more than $50,000 to go EV, but they also want electric trucks and SUVs that inherently cost more. Bigger vehicles are often just more expensive, largely because they require bigger batteries — the most expensive part of these new EVs.

☆ Cathie Wood sees bitcoin rising above $500,000 and lauds its resiliency after FTX collapse
▼ + stars: | 2023-02-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Ark Invest chief investment officer Cathie Wood is still bullish on the cryptocurrency, however, and continues betting its price will eventually reach $500,000, she told CNBC's "Squawk Box" Wednesday morning. Wood is also a big investor in the Grayscale Bitcoin Trust, known by its ticker GBTC, through the ARK Next Generation Internet ETF (ARKW) . Last year, Grayscale sued the Securities and Exchange Commission over its decision to block the conversion of its Grayscale Bitcoin Trust to an exchange-traded fund. "The SEC has dragged its feet in terms of a bitcoin ETF, while approving a bitcoin futures ETF – it just doesn't make any sense to us," Wood added. Wood just posted her best month ever as her beaten-down favorite stocks staged a big comeback in the new year.

☆ We moved to Florida but missed our old social life. Here's how we made 1,200 new friends.
▼ + stars: | 2023-01-28 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Denise Rich and her husband Matt moved from the DC area to Melbourne, Florida, last year. I work in the defense and intelligence industry and my husband works in the defense industry. It would make sense to go there where there are a lot of defense industry jobs. But, the thing we miss the most about the DC area is all of the restaurants and breweries and wineries there. Most of the meet-ups we've been doing are over here in the Melbourne area, but we're doing one over in Winter Park.

☆ A 'RuPaul's Drag Race' queen says her TikTok was suspended after she posted a video impersonating George Santos in drag
▼ + stars: | 2023-01-26 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Jan Sport of "RuPaul's Drag Race" had her TikTok account suspended. She said she was locked out after posting a video of her impersonating George Santos' drag persona. Initially, the video was well-received, getting positive comments from fellow drag queens, more than 400,000 views on TikTok, and 75,000 likes on Instagram. But she said after the video went viral, her TikTok account was suspended. "People are trying to make comparisons about drag queens sexualizing things," she said, referring to right-wing talking points that allege drag queens brainwash and groom children.

☆ How Charlie Javice's Frank Sale to JP Morgan Wound up in Allegations of Fraud
▼ + stars: | 2023-01-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +21 min

Her financial aid startup, Frank, was featured in the New York Times, CNBC and Wall Street Journal. After leaving the University of Pennsylvania's Wharton business school, Javice traded on her reputation, bolstered by glowing profiles, as a successful entrepreneur. In a 2018 interview with Insider, Javice claimed Frank secured an average of $28,000 for its users, and was helping students get "thousands off their tuition." "Charlie's first company fizzled after 18 months, so after losing all her investors' money, she convinced every one of them to fund her next company, Frank." At Frank, Javice admitted she sometimes painted a more positive picture of the company's health than was supported by the facts.

☆ 5 tips for using TikTok as a small business owner without it taking up all of your time
▼ + stars: | 2023-01-18 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +7 min

TikTok can be a great platform for small business owners to market their products or services. This article is part of "Marketing for Small Business," a series exploring the basics of marketing strategy for SBOs to earn new customers and grow their business. "I thought TikTok was all dancing and for Gen Z," Kim, who launched her business in December 2020, told Insider. Be a regular TikTok userKim said using TikTok regularly is a great way to come up with ideas and spot patterns and trends that you can apply to your own content. "You have to know who your audience on each platform is and talk to that audience," Kim said.

☆ White Lotus star Aubrey Plaza ate peanut butter for lunch and got fired a lot in her early acting days: 'It's not a good feeling — it sucks.'
▼ + stars: | 2023-01-08 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +4 min

Sitting down with WealthSimple for their "Money Diaries" series, the now "White Lotus" star took on a taboo subject: Money. She wasn't born into means — but her parents worked hard to change their circumstancesThe actress was no stranger to humble living. My dad grew up in a really, really bad neighborhood in Philadelphia. She added, "The irony is that [my dad] actually didn't teach me anything about money — and that's what he does." But as usual with Plaza, you can't really tell if she means it, from the look on her face.

☆ Parents are scrambling to find children's Tylenol, Motrin, and Advil as medicine shortages plague stores like Walgreens and CVS
▼ + stars: | 2022-12-30 | by ( Ben Tobin | ) www.businessinsider.com time to read: +5 min

A combination of COVID-19, flu, and RSV has made kids sick and skyrocketed demand for medications. CVS, Target, and Walgreens have all put limits on the amount of children's meds parents can buy. And now, a shortage of children's medications is leaving parents scrambling to care for their kids as three potentially deadly diseases permeate the United States. Why children's Tylenol and other drugs are in short supplyThe explosion of the three illnesses has left parents demanding more medications than stores and suppliers anticipated — leading to a shortage. When she arrived at her local CVS in San Diego County, California, she only spotted two bottles of children's Tylenol left on the shelves.

☆ 3 friends share how they started a charcuterie side hustle that made $40,000 in its first month
▼ + stars: | 2022-12-29 | by ( Amanda Breen | ) www.businessinsider.com time to read: +8 min

That's what Ryan Culver, Caroline Elston, and Lowell Bieber, the Indiana-based friends behind charcuterie subscription service Platterful, discovered when they teamed up to launch their venture last year — and made $40,000 in their first month. Culver and Bieber previously partnered on a health-and-wellness subscription box, which they successfully scaled and sold in September 2020. Entrepreneur sat down with the trio to learn how they built their meat-and-cheese side hustle — and continue to fuel its growth. Even though Culver and Bieber had subscription experience, the cofounders did have to contend with a new complication: cold shipping. [With cofounders] you have other people to lean on — if you're having a tough day, maybe someone else is having a good day.

☆ Kari Lake loses lawsuit over her defeat in Arizona governor’s race
▼ + stars: | 2022-12-24 | by ( ) www.cnbc.com time to read: +5 min

Republican candidate for Arizona Governor Kari Lake speaks at the Republican Party of Arizona's 2022 U.S. midterm elections night rally in Scottsdale, Arizona, U.S., November 8, 2022. In a decision Saturday, Maricopa County Superior Court Judge Peter Thompson, who was appointed by then-Republican Gov. While most of the other election deniers around the country conceded after losing their races in November, Lake has not. The defective printers produced ballots that were too light to be read by the on-site tabulators at polling places. Earlier on Friday, another judge dismissed Republican Abraham Hamadeh's challenge of results in his race against Democrat Kris Mayes for Arizona attorney general.

☆ Nike employees described 'sloppy drunk' men, witnessing oral sex, and requests to 'dress sexier' at work in newly unsealed surveys
▼ + stars: | 2022-12-20 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

In early 2018, female Nike employees were fed up with the company's response to claims of sexual harassment and gender discrimination, so they anonymously surveyed each other about their experiences at the company. A third wrote that she caught a male executive receiving oral sex from a lower-ranking female in the campus gym. But four former Nike employees familiar with the collection of the surveys told Insider closer to 100 were collected. "Maybe if you dressed nicer I would be on time," one female Nike worker said she was told by a male Nike executive. "Kept it to myself because of who he is at the company," wrote the person who was told to "show some skin."

☆ After banning the college student who tracked Elon Musk's jet, Twitter also banned sharing links to his jet tracker accounts on other social media platforms
▼ + stars: | 2022-12-15 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

The college student who tracked Elon Musk's jet on Twitter had over 30 of his accounts banned on Wednesday. Twitter also blocked anyone from sharing links to Sweeney's accounts on other platforms. In addition to blocking the Twitter account that tracked Musk's jet, the platform has also banned sharing links to Sweeney's @elonmusksjet Instagram account and his "Elon Musk's Jet" Facebook page. Twitter has blocked sharing links to Instagram and Facebook pages that track his private jet. Sweeney, who previously said his account had been "shadow-banned," also said he planned to continue tracking Musk's jet on other platforms.

☆ The college student tracking Elon Musk's jet lashes out after Twitter bans his account. He says he'll keep posting.
▼ + stars: | 2022-12-14 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Twitter banned the personal account of the college student who tracks Elon Musk's jet. "I really didn't think he'd suspend my personal account," Sweeney told Insider, speaking about Twitter honcho Elon Musk. Insider was interviewing Sweeney about his jet-tracking account's ban when Sweeney realized his personal account also had been banned. The social media site said his personal account had been suspended for violating its rules against "platform manipulation and spam." When Musk first offered to buy Twitter, Sweeney said he thought it was likely that Musk would try to shut down the account.

☆ Reselling brand gifts can be easy money influencers, but it comes with big risks
▼ + stars: | 2022-12-14 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

But other influencers, when they find themselves flooded with gifted products, turn to reselling them online. One particular brand Campbell worked with in the past would even vet influencers by checking if they were reselling gifted products on third-party websites before partnering with them. Brands and audiences may lose trust in influencers who resellFor many brands, seeing an influencer reselling a gifted product is a definite red flag. Influencers who consider reselling gifted products should also be careful about their taxes, said Qianna Smith Bruneteau, founder of the American Influencer Council. Reselling is most common in niches like fashionThe practice of reselling gifted products on second-hand websites like Depop or Poshmark is most common in the fashion space, industry insiders say.

☆ Brand gifting to influencers has gotten 'excessive and gluttonous.' But reselling products is a big risk for creators.
▼ + stars: | 2022-12-11 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

☆ After failure in Georgia Senate runoff, Republicans could bring in more voting changes next year
▼ + stars: | 2022-12-09 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Republicans lost the state's Senate runoff election, which was held under the new rules. Some Republicans are now pointing fingers at those laws as they reflect on the runoff loss, The New York Times reported. But there is disagreement in the party over the approach it should take with voting laws, according to the Times. The current laws typically expand in-person early voting in many areas in normal elections, but NBC News reported that they reduce the number of early voting days in runoff elections because they cut the amount of time between general elections and runoff elections. A composite image showing Democratic Sen. Raphael Warnock, who won the state’s runoff election, and his Republican challenger Herschel Walker.

☆ Netflix co-CEO Sarandos says streamer likely to offer multiple ad-supported tiers
▼ + stars: | 2022-12-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Netflix is likely to offer multiple subscription plans with ads in the future, the company's co-Chief Executive Ted Sarandos said on Tuesday, just weeks after the streaming giant rolled out its first ad-supported option. For viewers who don't want to see commercials, Netflix already offers multiple plans ranging in price from $9.99 a month to $19.99 a month. And the company will likely do the same for its ad-supported model as the business grows, Sarandos said at the UBS TMT conference. "We have multiple tiers today, so it's likely we'll have multiple ad tiers over time, but nothing to talk about yet," Sarandos said. Disney+ also plans to launch a tier with advertising, while also raising prices for its commercial-free option and other streaming services.

☆ Inside the stunning unraveling of Bright Health, a health-insurance upstart that rocketed to an $11.2 billion valuation and then cratered as it grew too fast
▼ + stars: | 2022-12-05 | by ( ) www.businessinsider.com time to read: +11 min

Bright Health Group grew fast. "We're just starting to realize the full potential of our differentiated model, and we're excited about the future of Bright Health Group," Bright CEO G. Mike Mikan told analysts at that investor event. Bright Health is one of a handful of upstarts trying to take on the health-insurance industry. Clover Health; Bright Health; Oscar Health; Olivia Reaney/Business InsiderBreaking into the health-insurance industry is tough. Bright moves to cut expensesAs losses mounted in 2021, Bright scrambled to raise capital.

☆ Why Amazon CEO Andy Jassy didn't immediately say 'yes' when Jeff Bezos offered him the role
▼ + stars: | 2022-12-01 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

But when Amazon founder Jeff Bezos asked Andy Jassy to take over as CEO last year, Jassy didn't immediately say "yes." Before becoming Amazon's CEO, Jassy ran the company's Amazon Web Services division, and had no plans to change his career path. "I've been at Amazon for 25 years," Jassy, 54, said at The New York Times' 2022 DealBook Summit. So, instead of immediately taking the lauded position, Jassy asked Bezos if he could go home and talk about it with his wife. He and Bezos worked closely together to launch Amazon Web Services in 2006, which Jassy went on to lead for the next 15 years.

☆ A woman missed out on festive drinks after her first plane was struck by lightning and the replacement was struck by birds
▼ + stars: | 2022-11-30 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

An Air New Zealand plane was struck by lightning mid-flight on Wednesday, forcing it to turn back. Another aircraft on the same route had to be canceled after it was struck by birds. Victoria Carter waited for hours in Wellington airport and missed out on festive drinks in Auckland. Then another Air New Zealand plane was struck by birds, taking that aircraft out of service as well. A spokesperson for Air New Zealand told Insider: "All aircraft are being inspected by engineers before being returned to service.

☆ Flu hospitalizations increase nearly 30% as U.S. enters holiday season
▼ + stars: | 2022-11-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Flu has hit unusually hard and early this season, putting pressure on emergency departments across the nation. Flu activity normally picks up after Thanksgiving, but hospitalizations were already at a decade high in early November. Scientists and public health experts are worried flu hospitalizations will surge even more after millions traveled to see family and friends for Thanksgiving. About 11 people out of every 100,000 have been hospitalized with the flu since early October, the highest level in a decade. "The fact that we're already at this high level going into the holiday season makes me nervous," said Scott Hensley, a microbiologist and flu expert at the Penn Institute for Immunology.

☆ I'm an archivist at the Pro Football Hall of Fame. I've given tours to Bill Belichick and shown Tom Brady his own draft card.
▼ + stars: | 2022-11-27 | by ( Vince Guerrieri | ) www.businessinsider.com time to read: +5 min

Jon Kendle wanted to work in sports so got a summer internship at the NFL Hall of Fame in 2005. Kendle is now the vice president of museum and archives for the Hall and met Tom Brady on the job. I was born and raised in Canton, Ohio, the home of the Pro Football Hall of Fame. I was able to run down to the archives and find Tom Brady's draft card and show it to him. The draft card is just a piece of paper with a name written on it, but it means so much more.

☆ If DeSantis doesn't get his 2024 decision timing right, he risks peaking too soon like Scott Walker or wasting his big moment like Chris Christie
▼ + stars: | 2022-11-23 | by ( Kimberly Leonard | Brent D. Griffiths | ) www.businessinsider.com time to read: +11 min

But as he faces a decision over whether to run for president in 2024, DeSantis shares far more similarities with two other ex-GOP frontrunners: Former Govs. Like DeSantis, Walker and Christie once seemed like inevitable frontrunners for the White House. Walker seized the moment, while Christie let his moment pass. "That's a huge difference in my opinion in terms of that moment," DuHaime said. "There was a moment for Christie in 2012 and there is a moment for Ron DeSantis in 2024.

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