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☆ Jaguar boss speaks out after backlash to the car brand's latest ad campaign — which didn't include any cars
▼ + stars: | 2024-11-22 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementJaguar defended its rebranding campaign after online critics roasted a promotional video. The campaign, featuring models and no cars, was criticized as "woke." Jaguar's managing director is defending the British luxury-car maker's rebranding campaign — calling out some of its online critics and characterizing their reaction as "vile hatred" and "intolerance." (Most 2024 Jaguar models have list prices of about $50,000 to $80,000.) In response to the video posted on X by Jaguar, Musk wrote : "Do you sell cars?"

Persons: Jaguar's, Rawdon Glover, Brad Audet, —, Glover, India's Tata, Elon Musk, Andrew, Tristan Tate, Ian Miles Cheong, Musk, Nick Freitas, Bud Light, Bud, it's Organizations: Financial Times, Mazda, North America, Jaguar, Rover, Land Rover, India's, India's Tata Motors, Tesla, Republican, Delegates Locations: Virginia

☆ American Airlines is starting to shame passengers who try to board too early
▼ + stars: | 2024-11-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

AdvertisementAmerican Airlines is rolling out tech that calls out passengers who try to board before their turn. The new tech also gives staff more info on passengers' connections and boarding groups. American Airlines is cracking down on passengers who try to sneak their way into an earlier boarding group. While the crackdown may be bad news for boarding group hoppers, it's likely great news for airline workers. They even call some of these passengers "gate lice."

Persons: haven't, We've, Julie Rath Organizations: Airlines, Flyers Locations: Tucson , Arizona, Albuquerque , New Mexico, Washington, Austin , Texas, Atlanta, New York, Chicago, Los Angeles

☆ Jaguar debuts its new branding in a video — and it's missing one thing: cars. It's getting roasted by some online.
▼ + stars: | 2024-11-20 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

And some conservative personalities are calling out the company's new video ad for being too "woke." But that "exuberant modernism," particularly in the company's video ad, is being mocked by some people online. AdvertisementJaguar's new video ad features models in colorful, modern clothing, and doesn't show any cars. (Current Jaguar models left in their inventories will be sold as pre-owned, a company spokesperson previously told Business Insider.) Jaguar's new brand strategy was created by its own in-house design team, not an external agency, according to the UK's Creative Review.

Persons: Tesla's Elon, Tesla's Elon Musk, Gerry McGovern, Elon Musk, Musk, India's Tata, Ian Miles Cheong, Nick Freitas, Bud Light, Bud, Kevin Dahlstrom, it's, Martin Brundle, who's, they're Organizations: Jaguar, Rover, India's, India's Tata Motors, Conservative, Republican, Delegates Locations: Miami, EVs, Virginia

☆ Trump's picks are giving Big Tech plenty of reasons to be nervous
▼ + stars: | 2024-11-19 | by ( Grace Eliza Goodwin | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementDonald Trump has selected several Big Tech critics for top roles in his second administration. A number of his picks have been harsh critics of the Big Tech industry. Tom Williams/CQ Roll CallTrump's pick for attorney general, former Florida Rep. Matt Gaetz, has for years criticized Big Tech companies. Anna MoneymakerVice President-elect JD Vance cut his teeth in venture capital, and has long been a proponent for breaking up Big Tech. AdvertisementVance said that his experience in Silicon Valley taught him to be weary of Big Tech.

Persons: Donald Trump, Matt Gaetz, JD Vance, Elon Musk, Brendan Carr, Trump's, Trump, Brendan Carr Trump, Tom Williams, Carr, Elon, Musk's, Matt Gaetz Trump, Gaetz, Lina Khan, Jonathan Kanter, Elon Musk Elon, Marc Piasecki, Musk, donald, Biden, Tim Cook, X, Anna Moneymaker, Vance, we're Organizations: Big Tech, Trump, GOP, Google, Apple, Microsoft, Federal Communications Commission, Inc, Getty, Heritage, FCC, TikTok, United, Florida Rep, Federal Trade, Elon, Government, of Government, SpaceX, OpenAI, Bloomberg News Locations: Starlink, Florida, Silicon Valley, Trump

☆ This is the anti-ESG venture capital firm that Donald Trump Jr. is joining instead of taking a White House role
▼ + stars: | 2024-11-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital. The venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls "EIG," or entrepreneurship, innovation, and growth. Like 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the "patriot economy," a term used by MAGA conservatives to refer to businesses that align with their traditional values. And Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare. Representatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI.

Persons: Donald Trump Jr, Omeed Malik, Tucker, EIG, —, Tucker Carlson's, Donald Trump's, Omeed Malik —, Christopher Buskirk, Malik, Buskirk, deglobalization, MAGA, Trump, Malik didn't, Tucker Carlson, Jordan Cohen Organizations: The New York Times, Bloomberg, Trump Jr, Bank of America, Farvahar Partners, Trump, Republican National Committee, New York Stock, Time Magazine, Tucker Carlson Network, Fox News, Trump Organization Locations: The Florida, Beach , Florida

☆ Elon Musk's DOGE is looking for people to help cut government spending. But is he offering a real job? And is it paid?
▼ + stars: | 2024-11-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

DOGE hasn't answered questions about pay, or whether you need an X account to apply. AdvertisementMusk didn't respond to an email from BI, and the DOGE account didn't respond to a direct message. Representatives for Vivek Ramaswamy, who incoming President Trump tapped to co-lead DOGE alongside Musk, also didn't respond to a request for comment. DOGE's post on X asks prospective applicants to send their resumes via direct message to its X account. Still, a job seeker would need to have an X account — even if just a free one — to send a direct message to DOGE.

Persons: Musk, hasn't, Elon Musk, —, didn't, Brian Hughes, Trump, Vivek Ramaswamy Organizations: Elon Musk's Department, Government, Department of Government, Trump, — Department, DMs, BI

☆ The Onion buys Alex Jones' Infowars — and that's not a joke
▼ + stars: | 2024-11-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

The Onion, the satirical news site, bought Alex Jones' Infowars at an auction. Jones was found liable for defaming the Sandy Hook families and ordered to pay nearly $1.5 billion. Under The Onion, the revamped Infowars is set to feature ads from Everytown for Gun Safety. AdvertisementThe conspiracy theorist Alex Jones' Infowars has a new home — and it's not the one he wanted. AdvertisementThe Associated Press reported that The Onion would acquire Infowars' social-media accounts, its trademarks, its video archive, and its studio in Austin.

Persons: Alex Jones, Jones, Sandy Hook, —, it's, Infowars, weren't, John Feinblatt, Ben Collins, Collins Organizations: Gun Safety, Service, Safety, Sandy Hook Elementary, Associated Press, New York Times Locations: Austin

☆ Elon Musk is hiring for DOGE. Here's what he's looking for.
▼ + stars: | 2024-11-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk wants you to help root out government waste — but only if you're really smart and willing to work 80 hours a week. Musk, who's standing up the Department of Government Efficiency — or DOGE, named after a cryptocurrency he's linked to — is looking for the top 1% of people interested in joining. We need super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting. We need super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting. Since his early days at Tesla, Musk has pushed the company's staff to work "super hardcore" — a management style he mirrored at Twitter, now X, after taking over the platform in 2022.

Persons: it'll, Musk, —, Elon Musk, Vivek, Vivek Ramaswamy, Trump, Ramaswamy, Volodymyr Zelenskyy, Recep Tayyip Erdoğan, Vance, Brian Hughes Organizations: Elon Musk's Department, Government, Service, Department of Government, Elon, — Department, Trump, Twitter Locations: Turkish

☆ Elon Musk's promise of an 'epic' leaderboard of 'dumb' government spending reveals his marketing savvy
▼ + stars: | 2024-11-13 | by ( Geoff Weiss | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +7 min

Elon Musk says a leaderboard of "dumb" government spending will expose waste — and he wants your two cents. The Tesla CEO said this week that he planned to post a public "leaderboard for the most insanely dumb spending of your tax dollars." While the effectiveness of Musk's leaderboard remains to be seen, experts told Business Insider it showed his marketing savvy — even if it could also encourage "gotcha" moments that need more context. Especially in a dry realm such as government spending, Musk's plans are bound to grab eyeballs — and perhaps make people feel more invested in the outcome. She said there was some precedent for Musk's leaderboard, noting that former Sen. William Proxmire, a Democrat from Wisconsin, issued the "Golden Fleece Award" for wasteful spending throughout the 1970s and '80s via monthly press releases.

Persons: Elon Musk, —, Musk, Donald Trump's, DOGE —, he's, Vivek Ramaswamy, Natalie Andreas, Austin who's, Ayelet, didn't, Musk's, Andreas, Karen North, Clinton, Sen, William Proxmire, It's, screwworms —, Amy Jo Kim, Kim Organizations: Service, Department of Government, University of Texas, Austin, University of Chicago's Booth School of Business, University of Southern California's Annenberg School for Communication, Journalism, Stanford Locations: Wisconsin

☆ Sales of 'The Handmaid's Tale' rose nearly 7,000% this week on Amazon — but 'Melania' takes the No. 1 bestseller spot
▼ + stars: | 2024-11-08 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Sales of "The Handmaid's Tale" surged by nearly 7,000% on Amazon as of Thursday, CNN reported. "Melania," the memoir by Melania Trump. 1 book on Amazon's Best Sellers list as of Friday afternoon was Melania Trump's memoir "Melania," which came out last month. AdvertisementIn the foreword to her book, Melania Trump wrote: "I believe it is important to share my perspective, the truth, especially in these times of division and uncertainty. AdvertisementGeorge Orwell's "1984," which warns of the rise of totalitarianism, rose 250% in Amazon sales.

Persons: Melania Trump, —, Donald Trump, Margaret Atwood's, Barnes & Noble, Chip Somodevilla, Atwood, Roe, Wade, Kamala Harris, George Orwell's, Ray, JD Vance's Organizations: CNN, Service, Barnes &, Trump

While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta's chief, Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." Hay said that while most presidents wouldn't have any say on existing cases, "Trump is a bit more of a wild card." AdvertisementBut still, he said, new guidelines wouldn't have much impact on the biggest tech companies. There are fears that if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, GlobalData's Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, he's, Rathbun, James Brundage, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Business, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

AI regulation is likely to change under Trump, but major antitrust cases are unlikely to be impacted. While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta chief Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." AdvertisementBut still, new guidelines won't have much impact on the biggest tech companies, Hay said. Experts fear that, if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, Rathbun, James Brundage, Ernst, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, jailing Meta, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

☆ Company executives are speaking out on Election Day: Starbucks' Howard Schultz calls for a peaceful transition of power
▼ + stars: | 2024-11-05 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +9 min

Business leaders are speaking out on Election Day — including Starbucks founder Howard Schultz. AdvertisementElection Day has finally come, and executives at some of the biggest companies are speaking out — with former Starbucks CEO Howard Schultz urging a peaceful transition of power and Elon Musk reiterating his support for Donald Trump to the end. Major players like Musk and Blackstone CEO Stephen Schwarzman have previously endorsed former President Trump. "Once every vote is counted and certified, we must accept the results of the election and ensure the peaceful transition of power," he said. In addition to re-posting several pro-Trump messages from other X users, Musk wrote a few election-related posts of his own.

Persons: Howard Schultz, Schultz, Elon Musk, Reid Hoffman, Harris, —, Donald Trump, Stephen Schwarzman, Trump, Mark Cuban, Kamala Harris, Insider's Bryan Metzger, he's, Howard Schultz Howard Schultz, Spencer Platt, Joe Biden, Hillary Clinton, Reid Hoffman Reid Hoffman, Kimberly White, Hoffman, " Hoffman, Marc Piasecki, Musk, Joe Scarborough, Vinod Khosla Vinod Khosla, Steven Ferdman, Vinod Khosla, Kamala, Khosla, Robert F, Kennedy Jr, Cantor Fitzgerald, Howard Lutnick Howard Lutnick, ANGELA WEISS, Howard Lutnick, Lutnick, Palmer Luckey Palmer Luckey, Oculus, Patrick T, Fallon, Palmer, Luckey, Walz, Andrew Bosworth, JOSH EDELSON, Getty Andrew Bosworth, Bosworth, Eli Lilly, Lockheed Martin, General Mills, Johnson Organizations: Starbucks, Trump, Service, Blackstone, Getty, LinkedIn, Greylock Partners, Liberty, SpaceX, Elon Musk Elon, Tesla, Pennsylvania, Billionaire, Sun Microsystems, Wall Street, Philadelphia Inquirer, Financial Times, Bloomberg, Anduril Industries, Meta, Big Tech, National Association of Manufacturers, General Motors, Penske, Panasonic Locations: Jerusalem, Fortnite, AFP

☆ Judith Kent, Jamie Dimon's wife, went door to door in Michigan canvassing voters for Kamala Harris
▼ + stars: | 2024-11-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Judith Kent, Jamie Dimon's wife, hit the campaign trail for Kamala Harris on Sunday. Kent went door to door to speak to voters in Lansing, Michigan. AdvertisementJudith Kent, the wife of JPMorgan CEO Jamie Dimon, was out in Michigan canvassing voters for Vice President and Democratic presidential candidate Kamala Harris on Sunday. "I have a lot of respect for Jamie Dimon," Trump told the outlet. In addition to Kent, the Harris campaign has won the support of multiple powerful women in business and entertainment alike.

Persons: Judith Kent, Jamie Dimon's, Kamala Harris, Kent, Dimon hasn't, —, Jamie Dimon, Dimon, Harris, Maggie Haberman, Walz, Andrew Restuccia, I'm, I've, Donald Trump, Trump, BI's Grace Eliza Goodwin, Taylor Swift, Melinda French Gates, Laurene Powell, Gates Organizations: Service, Democratic, New York Times, Democratic Party, Kent, Harris, Business, JPMorgan, Bloomberg, Bloomberg Businessweek, Truth, Democratic National Committee Locations: Lansing , Michigan, Michigan, Lansing, Maggie Haberman . Michigan, Kent

☆ US intel says Russian actors made the fake Georgia voter-fraud video — and expects more to come
▼ + stars: | 2024-11-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Russian influence actors created a fake Georgia voter-fraud video, US intelligence officials say. Officials warn more Russian disinformation is coming. AdvertisementRussian influence actors are behind a fake Georgia voter-fraud video that's been circulating online, US intelligence officials said. Related VideoBut it's all fake, and the result of Russian interference, intelligence officials said. Brad Raffensperger, Georgia's secretary of state, posted on X Thursday, calling out the video as "obviously fake" and likely "a production of Russian troll farms."

Persons: Kamala Harris, —, Harris, CISA, Brad Raffensperger, Raffensperger, Elon Musk, chatbots, Meta Organizations: Service, National Intelligence, FBI, Infrastructure Security Agency, stoke, IC, Business Locations: Georgia, Russia, Haiti, Georgia's Gwinnett County, Fulton County, America, Moscow, Ukraine

☆ US intel says Russian actors made the fake Georgia voter fraud video — and expects more to come
▼ + stars: | 2024-11-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Russian influence actors created a fake Georgia voter fraud video, according to US intel officials. US intel group warns more Russian disinformation is coming. AdvertisementRussian influence actors were behind the fake Georgia voter fraud video that's been circulating online, US intelligence officials said. Related Video Ukraine launched a major drone attack on Russia over its election weekendBut it's all fake, and the result of Russian interference, the US intel group says. More disinformation is likely to crop up before Election Day and beyond, the US intel group warned.

Persons: Kamala Harris, —, Harris, CISA, Brad Raffensperger, Elon Musk, chatbots, Meta Organizations: intel, US intel, Service, National Intelligence, FBI, Infrastructure Security Agency, Ukraine, stoke, IC, Business Locations: Georgia, US, Russia, Haiti, Georgia's Gwinnett County, Fulton County, America, Moscow, Ukraine

☆ Biden's 'garbage' comment is a gift to Trump
▼ + stars: | 2024-10-30 | by ( Grace Eliza Goodwin | John L. Dorman | ) www.businessinsider.com time to read: +5 min

Biden on Tuesday appeared to call Trump supporters "garbage." On Tuesday night, Biden appeared to say that it was Trump supporters who are "garbage." Instead of focusing solely on his former opponent, as he has often done, Trump linked Biden's comment back to his current opponent, Harris. Trump then compared Biden's comment to former Secretary of State Hillary Clinton's "basket of deplorables" comment in 2016. Advertisement"Moments ago, Kamala's boss crooked Joe Biden just called ALL my supporters GARBAGE - HE WAS TALKING TO YOU!"

Persons: Donald Trump, Joe Biden, Kamala Harris, Biden, who's, —, Trump, It's, Harris —, Tony Hinchcliffe, Hinchcliffe, Bad Bunny, Jennifer Lopez, we've, Andrew Bates, X, Harris, Republican Sen, Marco Rubio, Hillary Clinton's, FIRST Hillary, Biden's Organizations: Trump, MSG, Service, Democratic, Madison, Puerto, Puerto Ricans, GOP, American People, Republican, NBC News, FIRST Locations: Puerto Rico, Puerto Rican, Puerto, Madison, America, United States, Allentown , Pennsylvania, Florida, Washington ,

☆ A Trump presidency would drain Social Security's finances faster, budget group warns
▼ + stars: | 2024-10-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Trump's proposals would dramatically worsen Social Security's finances, a nonpartisan budget group is warning. The group predicts Trump's agenda would push up Social Security insolvency by 3 years. Harris' proposals would have little impact on Social Security's insolvency timeline, the group says. AdvertisementThe Social Security and Medicare Boards of Trustees estimated that the fund would run out a year later, in 2035. President Trump delivered on his promise to protect Social Security in his first term, and President Trump will continue to strongly protect Social Security in his second term," Leavitt said in the statement.

Persons: Harris, —, Trump, Trump's, wouldn't, nominee's, that's, Karoline Leavitt, Leavitt, Kamala Harris, CRFB's, Marc Goldwein, Xers, they're Organizations: Social, Service, Federal, Social Security, Congressional, Office, Security, Trump, Republican, Business, Democratic, Washington Post

☆ GM makes a $625 million lithium-battery move to shore up its EV supply chain
▼ + stars: | 2024-10-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

General Motors is investing $625 million in the electric vehicle supply chain. The funds will help Lithium Americas Corp develop and operate a major lithium mine in Nevada. Despite EV production cuts, GM aims to strengthen the domestic lithium supply chain. AdvertisementDetroit-based automaker General Motors is pumping money into the domestic supply chain for electric vehicle batteries. Related stories"Today's joint venture announcement is a win-win for GM and Lithium Americas," Evans continued.

Persons: —, Jonathan Evans, " Evans, Jeff Morrison, GM's Organizations: Motors, Americas Corp, Service, General Motors, EV, GM, US Department of Energy, DOE, Lithium, Rio Tinto, Street Journal Locations: Nevada, Detroit, Humboldt County , Nevada, Thacker, North America, Lithium Americas, Rio

☆ The government steps in to make it easier to cancel your subscriptions
▼ + stars: | 2024-10-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

The Federal Trade Commission finalized a rule designed to make canceling subscriptions easier. The rule targets "negative option" programs, such as auto-renewing subscriptions. AdvertisementThe government has had it with companies making it difficult for consumers to cancel their subscriptions. The Federal Trade Commission on Wednesday announced a final "click to cancel" rule requiring companies to make canceling subscriptions just as easy as signing up for them. Related storiesThe agency said its rule aimed to address common problems with these types of subscriptions, such as companies obscuring the terms of their subscriptions, customers getting billed when they didn't agree to pay, and companies making it difficult or impossible to cancel subscriptions.

Persons: —, Lina Khan Organizations: Federal Trade Commission, FTC, Service, Wednesday, Federal

☆ Back-to-back Florida hurricanes signal trouble for home insurance prices nationwide
▼ + stars: | 2024-10-12 | by ( Grace Eliza Goodwin | Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Insurance experts said the back-to-back hurricanes could signal rising insurance rates nationwide. AdvertisementTwo back-to-back hurricanes in Florida in recent weeks will likely raise home insurance rates even higher in a state that is already grappling with prices nearly four times the national average, insurance experts told Business Insider. The compounding financial crises of Hurricane Helene and Hurricane Milton could also point to looming hikes in insurance rates nationwide, the home insurance experts said. They pointed to the recent Florida storms as examples of the increasingly severe and frequent climate catastrophes wreaking havoc on the global insurance market. AdvertisementAn uptick in reinsurance rates in recent years has been a driving force behind climbing insurance rates nationwide, said Kyle Ulrich, president and CEO of the Florida Association of Insurance Agents.

Persons: —, Kyle Ulrich, it's, Hurricane Helene, Hurricane Milton, Jeffrey Schlegelmilch, Oscar Miniet, Miniet, Coral, Milton, Helene, Shahid Hamid, Jeremy Porter, Porter, Hamid, Ulrich, Oscar Seikaly, Penny, Liao Organizations: Service, Florida Association of Insurance, Intercontinental Exchange, CBS News, Columbia Climate School's, Center for Disaster Preparedness, Tampa, Florida International University, Research Center's Laboratory for Insurance, Financial, Economic Research, Allstate, State, Florida Association of Insurance Agents, NSI Insurance, Hurricanes Locations: Florida, Hurricane, California, Illinois, Arkansas, Deltona, Jacksonville, Sarasota, Central Florida, Kentucky, Idaho, London, Bermuda, Japan

☆ Hurricane Helene cleanup crews are scrambling in Florida — but time is running out. That makes Milton more dangerous.
▼ + stars: | 2024-10-09 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Leftover debris from Hurricane Helene could make incoming Hurricane Milton even more dangerous. Milton is expected to make landfall in Florida on Wednesday, the second major storm in two weeks. The region has been scrambling to pick up as much debris as possible before it's too late. AdvertisementLess than two weeks after Hurricane Helene devastated parts of Florida, another major storm is bearing down on the region — and there's a scramble to clean up before it gets there. That creates a compounding effect that makes everything more expensive — and more dangerous, Schlegelmilch said.

Persons: Hurricane Helene, Milton, —, Helene, Milton —, Ron DeSantis, Nick Friedman, they've, Friedman, DeSantis, Marla Spence, Howell, — that's, it's, It's, Jeffrey Schlegelmilch, Schlegelmilch Organizations: Service, Tampa, National Oceanic, Administration, Tampa Bay Times, National Hurricane Center, state's Department of Transportation, Environmental Program Management, Milton, National Center for Disaster Preparedness, Columbia Climate School Locations: Hurricane, Florida, Tampa, Helene, Tampa Bay

☆ A majority of North Carolina homeowners didn't have flood insurance. Then Helene hit.
▼ + stars: | 2024-10-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +7 min

Heavy rains from Hurricane Helene caused flooding across western North Carolina, like here in Asheville. Melissa Sue Gerrits/Getty ImagesBut only about 2.6% of the 4.3 million properties across the state — or around 115,000 properties — had flood insurance as of June 2024, according to private provider Neptune Flood Insurance, which analyzed data from the government-backed National Flood Insurance Program. North Carolina Department of Insurance communications director Jason Tyson estimated that about 139,000 properties in the state have flood insurance through the NFIP. Part of the problem with flood insurance is a common misconception that regular home insurance covers flooding, which is rarely the case, four experts knowledgable about flood insurance and disaster management told Business Insider. "We don't think of western North Carolina and the Appalachian mountains as an area that has significant flood risk."

Persons: Hurricane Helene, Melissa Sue Gerrits, Neptune, Jason Tyson, Sue Gerrits, Trevor Burgess, Jeffrey Schlegelmilch, Schlegelmilch, Margaret Walls, they're, there's, It's, it's, Helene, Jeremy Porter, Burgess, Yanjun Liao, Liao Organizations: Service, North, Climate Office, Neptune Flood Insurance, Flood Insurance, North Carolina Department of Insurance, The North, Information Center, Business, Getty, National Center for Disaster Preparedness, Columbia Climate School, FEMA, Associated Press, Resources Locations: Hurricane, North Carolina, Asheville, —, The, The North Carolina, Black Mountain , North Carolina, State, North, Florida , Louisiana, Texas, Asheville , North Carolina

☆ Jamie Dimon: No, I haven't endorsed Donald Trump
▼ + stars: | 2024-10-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Jamie Dimon denied Donald Trump's claim that the JPMorgan Chase CEO had endorsed him. AdvertisementJamie Dimon hasn't endorsed Donald Trump — despite what the former president wrote on social media. The Republican presidential nominee posted a photo on Truth Social on Friday of Dimon with a caption above reading, "New: Jamie Dimon, the CEO of JPMorgan Chase, has endorsed Trump for President," beside a red siren emoji. But a spokesperson for JPMorgan Chase told Business Insider, "Jamie Dimon has not endorsed a candidate." Advertisement"I have a lot of respect for Jamie Dimon," Trump told the outlet, adding that, "He is somebody that I would consider, sure," when Bloomberg suggested the possibility of offering Dimon the role of Treasury Secretary.

Persons: Jamie Dimon, Donald Trump's, Trump, Dimon, Elon, —, Jamie Dimon hasn't, Donald Trump —, JPMorgan Chase, Tesla, Elon Musk, Mark Cuban, Kamala Harris, — Dimon, he'd, Nikki Haley, Trump's, CNBC's Organizations: JPMorgan Chase, Service, Republican, JPMorgan, Business, SpaceX, Trump, Democratic, Bloomberg Businessweek, Bloomberg, NATO, CNBC, TV18, White Locations: China

☆ Adam Neumann's new startup is reworking WeWork's old business model
▼ + stars: | 2024-10-03 | by ( Grace Eliza Goodwin | Geoff Weiss | ) www.businessinsider.com time to read: +6 min

Workflow has a different business strategy than Neumann's previous company, Bloomberg reports. Neumann told the outlet that investors at Andreessen Horowitz will help keep him disciplined. Ben Bergman/BI"The lack of community and the disconnection that people feel is even more relevant today" than in the days of WeWork, Neumann told Bloomberg of Workflow. Neumann says he's learned his lessonCritics didn't just zero in on WeWork's business model but also on Neumann's management. We're really not sure that we know the answer, therefore we're taking our time," Neumann told Bloomberg.

Persons: Adam Neumann, Neumann, Andreessen Horowitz, —, WeWork, he's, WeWork's, Insider's Ben Bergman, Ben Bergman, Justin Sullivan, Ben Horowitz, Marc Andreessen, Andreessen, Noam Galai, TechCrunch Neumann, We're Organizations: Bloomberg, Service, Fort, Business, Flow, TechCrunch Locations: Fort Lauderdale, Miami, Atlanta, Nashville, Riyadh, Saudi Arabia, WeWork's

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