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☆ Justin and Hailey Bieber welcome first child together
▼ + stars: | 2024-08-24 | by ( Samantha Kubota | ) www.nbcnews.com time to read: +2 min

Justin and Hailey Bieber have welcomed their first child together. The “Stay” singer introduced his and the model’s baby with a sweet Instagram post on Aug. 23. “WELCOME HOME,” Justin Bieber captioned the photo, before sharing their baby’s name. A spokesperson for Hailey Bieber told NBC News at the time that the model was a little over six months pregnant. Before confirming that she was expecting her first child, Hailey Bieber faced several rumors that she was pregnant, dating back to at least 2022.

Persons: Justin, Hailey Bieber, ” Justin Bieber, “ JACK BLUES BIEBER, Hailey Beiber, Yves Saint Laurent, Usher, Kylie Jenner, she’s, “ I’m, ” Organizations: NBC News Locations: Hawaii, South Carolina

☆ Don't get your hopes up about the housing market
▼ + stars: | 2024-08-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

One of the most painful ways higher interest rates have impacted Americans is through higher housing costs. The combination of high borrowing costs and skyrocketing home prices and rents — caused by a housing shortage — has created an enduring housing affordability crisis. On the one hand, lower borrowing costs would likely make mortgages cheaper for buyers and encourage builders to construct desperately needed new homes. But rate cuts would also spur new home construction, as builders respond to higher demand and lower borrowing costs for acquisition and construction loans. On top of high borrowing costs, builders are struggling with a severe shortage of construction workers and high building material costs.

Persons: —, Jerome Powell, Daryl Fairweather, Wells, underbuilding, Ben Metcalf, Metcalf Organizations: Service, Jackson Hole , Wyoming ., Business, Bank of England, Terner Center, Housing Innovation, UC Berkeley Locations: Jackson Hole , Wyoming

☆ US Navy supercarrier gets drone command center that will operate $136 million 'Stingray' drones
▼ + stars: | 2024-08-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The US Navy has installed a new drone control center on the USS George H.W. The command center will operate MQ-25 "Stingray" drones. AdvertisementThe US Navy has installed a new drone command center on board the USS George H.W. Bush (CVN 77) aircraft carrier, Naval Air Systems Command (NAVAIR) said in a press release. The Unmanned Air Warfare Center (UAWC) will operate MQ-25 "Stingray" drones — $136 million unmanned aircraft systems that will be used to refuel fighter jets such as the F/A-18 Super Hornet, the EA-18G Growler, and the F-35C in the air, extending the Navy's strike range.

Persons: USS George H.W, —, George H.W, George H.W . Bush Organizations: US Navy, USS, Bush, Service, Naval Air Systems Command, Air Warfare Center, Hornet, EA, Business Locations: George H.W .

☆ After traveling to all 50 US states, these are the 6 major cities I have no plans to return to
▼ + stars: | 2024-08-24 | by ( Emily Hart | ) www.businessinsider.com time to read: +1 min

After traveling to all 50 US states, I've been to my fair share of major cities. Although I've loved a handful of the cities, there are some I don't plan on visiting again. I've visited all 50 states and have spent my fair share of time in nearly every major city in the United States. Even though I generally gravitate toward more remote, outdoor-recreation-focused locales, there are a handful of cities I always enjoy visiting. Here are the six major US cities that I have no plans to return to.

Persons: I've, —, I'm, haven't Organizations: Service Locations: Las Vegas , Miami, Boston, Phoenix, United States

☆ The battle of Kursk has unchained Ukraine from a failing war strategy
▼ + stars: | 2024-08-24 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

At the start of August, Ukraine seemed doomed to remain on the defensive, slowly but relentlessly being ground into retreat by Russian onslaughts. But its successful new Kursk offensive has done more than seize 480 square miles of Russian territory and humiliate Putin. After nearly a year of a grim defensive battle, the Kursk operation has also allowed Ukraine to seize the initiative and force Moscow to dance to Kyiv's tune. The Russians no longer hold the initiative across the entirety of the theater, like they have for most of last year." Which means Ukraine has to find some economical way of keeping up the pressure on Russia, without losing more territory of its own.

Persons: Putin, George Barros, Barros, Vladimir Putin, " Barros, Michael Peck Organizations: Service, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russian, Kursk, Moscow, Donetsk, Russia, Kyiv, Kharkiv, Polohy, Zaporizhia, Zabrama, Bryansk, Belgorod, Forbes

☆ It's a good time to get a deal on an EV as they sit around on dealer lots
▼ + stars: | 2024-08-24 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

This has helped cut the average price paid in July for a new EV to $58,619, which is 1% lower year-over-year, according to Edmunds. That's actually $4,366 cheaper than the average price paid in July for a new plug-in hybrid. Demand for hybrids is growing among a more practical group of green car shoppers who aren't ready to make the switch to a fully electric car. The average price paid for an EV still outpaces the average price paid for any new car by about $10,000. Car companies are leaning into this loophole with attractive EV leasing deals.

Persons: —, That's, Jessica Caldwell, Edmunds, Caldwell Organizations: Service, Business, Cox Automotive, EVs, Hyundai, Dealers Locations: Edmunds, That's

☆ I spent $50 at Aldi to host a barbecue for 4 people. My budget got us plenty of meat and sides, plus a case of beer.
▼ + stars: | 2024-08-24 | by ( Joe Opaleski | ) www.businessinsider.com time to read: +1 min

I wanted to host a barbecue for four people, so I went to Aldi with a $50 budget. 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 . We had plenty of brats, burgers, and beers and complemented our proteins with a delicious array of sides and condiments. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Aldi, Service, Business Locations: Buffalo

☆ I was laid off and then got in a bad car crash. It was a dark time, but now I'm glad it happened.
▼ + stars: | 2024-08-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis as-told-to essay is based on a conversation with Krystal Cano, a former tech recruiter who upskilled in AI while recovering from a car crash. AdvertisementI got in a bad car crash, and it would take a year to recoverWhen I returned home to Orange County, California, in March last year, I got into a bad car crash. I started watching webinars on AI to work on my personal development to prepare for future work. I'm glad I was laid offIf it wasn't for losing my job and the car crash, I don't think I would have reached this point in my life where I feel so strong.

Persons: —, Krystal Cano, I've, I'm, it's Organizations: Service, MIT, Business, NBA, Apple, Harvard Locations: DoorDash, El Salvador, Miami, Aruba, Orange County , California, Kobe Bryant

☆ Gold bars just hit the $1 million mark, but that doesn't mean your Costco gold bars make you a millionaire
▼ + stars: | 2024-08-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

But if you're among the group of Costco shoppers who bought gold bars from the retailer in recent months, don't celebrate your newfound fortune too soon. This story is available exclusively to Business Insider subscribers. AdvertisementThe gold bars sold at Costco, however, are much smaller than the standard size, typically ranging in size from 20-500 grams. The Costco gold bars are smaller, yes, but they are also more affordable for buyers looking to spend less than $10,000 on metal instead of $1 million. Despite the skyrocketing price of gold, a Bank of America investment strategist told Markets Insider that investors should keep buying gold.

Persons: — Organizations: Service, Business, Costco, Bank of America

☆ Investigators say 5 bodies were found in the same cabin of Mike Lynch's superyacht as prosecutors begin looking into 'crime hypothesis'
▼ + stars: | 2024-08-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Investigators say five bodies were found in the same cabin of Mike Lynch's superyacht. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 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 . AdvertisementInvestigators have said that the bodies of five people who died after British tech tycoon Mike Lynch's superyacht sank off the coast of Sicily were discovered in the same cabin.

Persons: Mike Lynch's superyacht, —, Bentivoglio Fiandra Organizations: Service, Business Locations: Porticello, Sicily

☆ I went on British Airways' Airbus A320 planes before and after a major transformation. See how the old and new compare.
▼ + stars: | 2024-08-24 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +1 min

British Airways is upgrading its short-haul cabins as part of a huge investment. I flew on one of the older A320s, then toured a brand-new A320neo at the Farnborough Airshow. 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 . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.

Persons: — Organizations: British, Farnborough, Service, British Airways, Business

☆ Living with my parents in Hawaii helped me afford the most expensive state. It was the best option for me after graduating.
▼ + stars: | 2024-08-24 | by ( ) www.businessinsider.com time to read: +4 min

As a native Hawaiian, the Texas life proved to be cheaper than island living — from groceries to gas. I wanted to go back home to Hawaii but felt overwhelmed by the logistics of closing the distance. I had just turned 28 and felt discouraged; I was broke, unemployed, and living with my parents. AdvertisementIf I wanted to call Hawaii home for the foreseeable future, I knew I had to make some financial changes. Living with my parents helped me finally plan for a futureThe US financial system can be difficult to grasp.

Persons: —, I've, I'm Organizations: Service, Business, Hawaii Locations: Austin, Texas, Hawaii, Oahu

☆ The next shoe to drop in FX markets will reshuffle currency values in an unexpected way. Here's how TD Securities is trading it.
▼ + stars: | 2024-08-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Cooling global growth, continued geopolitical risks, and uncertainty around US election outcomes mean it could be a choppy ride for the next few months. But if US economic data stabilizes while global growth slows, as Bharadwaj expects, European currencies could be set for a violent snapback. "I do think that global growth right now is not holding up from our data trackers. "And in fact, we actually track global growth upgrades versus downgrades. And after a very long time, global growth downgrades are outpacing global growth upgrades, which indicates to me that even the global growth is not as rosy as markets are currently pricing it to be."

Persons: Jayati Bharadwaj, it's, Bharadwaj, you've Organizations: Service, TD Securities, Business, International Monetary Fund, Federal Reserve, Securities Locations: China, Europe, India

☆ Philippines says China shot flares near its aircraft from a 'militarized' island and a fighter jet
▼ + stars: | 2024-08-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The Philippines said China has repeatedly fired flares at its aircraft over the South China Sea this week. It said that in one incident on August 19, a fighter jet fired flares just 15 meters from its aircraft. 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 . AdvertisementThe Philippines said China has repeatedly fired flares at its aircraft over the South China Sea in the last week.

Persons: —, Jay Tarriela Organizations: Service, of Fisheries, Aquatic Resources, National Task Force, West Philippine, Philippine Coast Guard, Business Locations: Philippines, China, South China, South

☆ 3 supplements a doctor takes for energy and to help him recover when he's sick
▼ + stars: | 2024-08-24 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Related storiesMushroom coffeeAlam drinks coffee containing lion's mane mushroom extract each morning. Alam started taking lion's mane to help him cut down on coffee. Whether this is down to the lion's mane is unclear — there isn't much research on the impact of the mushroom on energy levels or sluggishness. In the US, about 35% of adults have vitamin D deficiency, according to Cleveland Clinic. It's up to the individual to decide whether to take vitamin D supplements, but, like zinc, they are unlikely to cause harm when taken in safe amounts, Alam said.

Persons: —, Venus Williams, LeBron James, Arnold Schwarzenegger, Zalan Alam, Alam, Michelle Lee Organizations: Service, Business, BI, Cleveland Clinic

☆ 'Call Her Daddy' star Alex Cooper could earn $125 million from her new podcast deal — but it won't be easy
▼ + stars: | 2024-08-24 | by ( Madeline Berg | Lucia Moses | ) www.businessinsider.com time to read: +4 min

It's a jaw-dropping figure — more than twice her previous $60 million deal with Spotify back in 2021 and higher even than the reported $100 million snagged earlier this year by SmartLess. But the "Call Her Daddy" host can't exactly sit back and cash a check for $41 million each year. She can earn as much as the widely reported $125 million — but it won't be easy. A podcast deal with a host like Cooper would be based on a certain number of downloads a month. Related storiesCooper's SiriusXM deal is also not just for "Call Her Daddy," but for her Unwell Network's "complete slate of current and future shows."

Persons: Alex Cooper, she'd, SiriusXM, Meghan Markle, Prince Harry, Mark Wahlberg, Cooper, Network's, Alix Earle, Madeline Argy, Harry Jowsey, Owen Thiele —, —, Alex, Scott Greenstein Organizations: Service, CNBC, Spotify, SmartLess, Business, Edison Research Locations: SiriusXM

☆ Former OpenAI employees call out Sam Altman for not backing even 'light-touch' safety efforts
▼ + stars: | 2024-08-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

"OpenAI opposes even the extremely light-touch requirements in SB 1047, most of which OpenAl claims to voluntarily commit to, raising questions about the strength of those commitments." They said the existing federal legislation OpenAI is using to support its case is "woefully inadequate." They said they hoped their letter would help push the California legislature to pass SB 1047. In an email to Business Insider, a spokesperson for OpenAI said the letter misrepresented the company's position on the bill. "We strongly disagree with the mischaracterization of our position on SB 1047.

Persons: —, OpenAI, California Sen, Scott Wiener, Sam Altman, William Saunders, Daniel Kokotajlo, Saunders, Wiener, we've Organizations: Service, Business, Congressional, Labor, U.S, AI Safety Locations: California, Sacramento, OpenAI

☆ Burning Man ticket sales have slowed for the first time since 2011. Here are the famous CEOs and billionaires who have attended in the past.
▼ + stars: | 2024-08-24 | by ( Becky Peterson | Jordan Hart | Kylie Kirschner | ) www.businessinsider.com time to read: +1 min

Burning Man is a desert-based arts festival that's become the playground of business elites. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEvery year around this time, tens of thousands of people descend upon Black Rock City, Nevada to attend Burning Man, but the soaked campgrounds and long traffic lines experienced 2023 might deter the famous billionaires and CEOs who are known to go. Burning Man kicks off on Sunday, but tickets still haven't sold out. This story is available exclusively to Business Insider subscribers.

Persons: that's, It's, — Organizations: Service, CBS, Business Locations: Rock City , Nevada

☆ A necessary step or government overreach? Economists are divided over Kamala Harris' plan to clamp down on food inflation
▼ + stars: | 2024-08-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Read previewVice President Kamala Harris' proposal to combat grocery inflation hasn't elicited a range of opinions from economists, and many have turned to history to dispute her idea. Last week, the Democratic presidential nominee unveiled early details of her economic platform, which included a pledge to ban grocery price gouging. In a study from May, price gouging was the second leading perceived cause of inflation among surveyed consumers. AdvertisementWhether gouging deserves the blame for inflation, some have also criticized Harris' plan as an ineffective government overreach. Pundits have alluded to the price controls under President Richard Nixon.

Persons: —, Kamala Harris, Kenneth Rogoff, Harris, Ed Yardeni, Price, Richard Nixon, Stephen Moore, Lindsay Owens, Donald Trump Organizations: Service, Democratic, Business, CNN, Republican, Cato Institute, Heritage Foundation, CNBC, Federal Trade Commission, New York Times Locations: Cal, Maine

☆ Alice Walton is the world's richest woman — and may soon be worth $100 billion
▼ + stars: | 2024-08-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Alice Walton has overtaken Françoise Bettencourt Meyers as the world's richest woman this year. The Walmart and L'Oréal heiresses are worth $95 billion and $90 billion respectively, per Bloomberg. Walton is close to passing the $100 billion mark and joining the elite club of centibillionaires. AdvertisementThe heiress to the Walmart fortune has leapfrogged the L'Oréal heiress to become the world's richest woman — and could soon cross $100 billion in net worth. Alice Walton, daughter of retail icon Sam Walton, is worth more than $95 billion for the first time, per the Bloomberg Billionaires Index.

Persons: Alice Walton, Françoise Bettencourt Meyers, Walton, —, Sam Walton Organizations: Walmart, L'Oréal, Bloomberg, Service, Business Locations: centibillionaires

☆ A famed economist who called the 2008 recession warns the Fed is behind on rate cuts — and that a downturn is coming despite 'off the charts' investor sentiment
▼ + stars: | 2024-08-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

"Incredibly, the Fed raised rates 500 basis points under a false presumption — by over one million — of just how robust the jobs market was," Rosenberg said. AdvertisementIn addition to the yearly revisions, monthly payroll revisions from the Bureau of Labor Statistics have also been poor more recently. Related storiesOne is a model that aims to enhance the yield curve as a recession indicator by taking into account US businesses' ability to repay debts and the Fed's National Financial Conditions Index. A soft-landing outcome, where the Fed avoids sending the economy into recession, is also still the consensus view on Wall Street. With inflation down under 3% and rate cuts almost surely on the way, such a scenario is still seemingly possible.

Persons: —, David Rosenberg, Rosenberg, Merrill Lynch, Pascal Michaillat, Emmanuel Saez, Vane, Chuck Prince, Ian Shepherdson, Shepherdson, payrolls, Jerome Powell, Powell Organizations: Service, Federal Reserve, Rosenberg Research, Business, Bureau of Labor Statistics, Fed, Treasury, Pantheon, Labor Locations: Jackson Hole , Wyoming

☆ I fell for my neighbor, and he's now my boyfriend. We struggle with boundaries since we live so close to each other.
▼ + stars: | 2024-08-24 | by ( Isabel Ravenna | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Whenever I get asked this, I always give a short and sweet answer: "He moved in next door to me." AdvertisementBut when a stranger moved into an apartment next door, it was the start of something special. But that was technically the first time I met Greg. Our situation demands unique conversations, and while they may be unconventional, they're exactly what makes our bond so strong.

Persons: —, Greg, He'd, Meredith Grey, smoothie, I'd, it's Organizations: Service, Business

☆ A stretch of Florida beaches has soared from a lesser-known gem to 'the Hamptons of the South'
▼ + stars: | 2024-08-24 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. A decade ago, those visitors were mostly from Southern cities within driving distance, like Atlanta and Nashville, local real-estate agent Beau Blankenship told Business Insider. Sunset over Rosemary Beach, Florida, in 30A. The boom, Stewart told Business Insider, had two inflection points. Advertisement"There'd be a few vacant lots, and then a house surrounded by trees and brush," he told Business Insider.

Persons: —, Mexico —, Beau Blankenship, It's, Rosemary, Barry Winiker, Blankenship, Alys, Christian Blouin, Kemp Stewart, Rosemary Beach, Stewart, Truman, Kemp, hasn't Organizations: Service, Panama City Beach, Business, Hamptons, Street, The New York Times, Management, BI Locations: Florida, Rosemary, Seaside, Santa Rosa, Mexico, Destin, Panama, Southern, Atlanta, Nashville, Salt Lake City , Utah , Colorado, Walton County, Rosemary Beach , Florida, Inlet Beach, Chicago, Montana, Santa Rosa Beach, Oklahoma, Alys

☆ Former OpenAI researchers warn of 'catastrophic harm' after the company opposes AI safety bill
▼ + stars: | 2024-08-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

"We joined OpenAI because we wanted to ensure the safety of the incredibly powerful AI systems the company is developing," the researchers, William Saunders and Daniel Kokotajlo, wrote in the letter. "But we resigned from OpenAI because we lost trust that it would safely, honestly, and responsibly develop its AI systems." AdvertisementThey continued: "Developing frontier AI models without adequate safety precautions poses foreseeable risks of catastrophic harm to the public." SB1047 "has inspired thoughtful debate," and OpenAI supports some of its safety provisions, Kwon's letter, dated a day before the researchers' letter was sent, read. "We cannot wait for Congress to act — they've explicitly said that they aren't willing to pass meaningful AI regulation," Saunders and Kokotajlo wrote.

Persons: —, Gavin Newsom, William Saunders, Daniel Kokotajlo, Saunders, Kokotajlo, Sam Altman, Jason Kwon, Scott Wiener, Kokotajlo aren't, OpenAI, California's, — they've, Newsom Organizations: Service, Politico, California Gov, Business, California Legislature, Wiener Locations: California

☆ Nvidia is about to test the nerves of AI investors
▼ + stars: | 2024-08-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

The chip giant is set to report earnings at a time when investor interest in AI is in flux. Buyers of its chips have faced swings as investors fret that returns on spending are a long way off. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 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 .

Persons: —, Jensen Huang Organizations: Nvidia, Service, Big Tech, Business

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