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AdvertisementProcreate CEO James Cuda said VC funding for apps has "dried up," making entering the market challenging. Cuda named Uber as an app that made an impact by doing something different. Procreate CEO James Cuda has some bad news: the "gold rush is kind of over." His advice to app founders competing in today's app landscape is to "take a bold risk." The app CEO named Uber as a prime example of a product that came out of left field with a concept that nobody had successfully tried before.
Persons: James Cuda, Cuda, Uber, Andreessen Horowitz, there's, it's, they've Organizations: Business, BI, Apple
The US has indicated a need to harden air bases and disperse its forces to defend against a Chinese missile strike. AdvertisementLast fall, the US Department of Defense released its annual report on China's military growth and developments. China's DF-26 "carrier killer" missile takes flight in unprecedented test footage. AdvertisementNaval power is a cornerstone of American military might, but the DF-26 threatens that, among various other targets. Related storiesThat said, growing missile stockpiles and increases in the number of launchers give the Chinese military greater flexibility, offering more options in a conflict.
Persons: China's, China, Chris Biggers, Janes, Xu Suhui, J, Michael Dahm, Dahm, Tom Shugart, who's, Carl Vinson, Sarah Weinstein Organizations: Pacific, US Department of Defense, Army's, Force, China's Rocket Force, Department of Defense, Pentagon, SCS, China's, YouTube China's, Guam, Strategic, International Studies Missile Defense Project, DF, Aerospace, China Studies, Mitchell Institute, Business, US, Center, New, New American Security, US Navy, Ocean, Air Force, PLA Locations: China, Pacific, Guam, It's, Bohai, Inner Mongolia, South Korea, Beijing, Xinhua, New American, Ruoqiang
A splintered social media world is on the horizon — and it's paving the way for a new, more authentic breed of influencer. "People are just trying to find authentic communities," Eric Wittman, CEO of photo-editing app VSCO, told Business Insider. Smoothy said she sees things changing, with different "tiers" of content creators emerging from the industry's oversaturation. New social media horizonsLucy Edgerley, the head of influence at the global social media agency Born Social, told BI that Gen Zers, in particular, are craving creativity, entertainment, and inspiration. Young people who have grown up with social media are learning the lessons about the dark side of it — the mental health toll, the bullying, and the over-consumerism — the hard way, he said.
Persons: Reddit, Eric Wittman, Wittman, Chand Rajendra, Kate Smoothy, Smoothy, Lucy Edgerley, Zers, Kim Murray, Murray, Edgerley Organizations: University of Massachusetts Amherst, Webhive, Social, Virality
The Russian currency hit its lowest level against the dollar since March 2022 this week. The Russian currency traded at 114 to the dollar on Wednesday, its weakest level since March 2022, shortly after the Ukraine invasion began. AdvertisementA Wednesday headline in the state newspaper Rossiyskaya Gazeta read, "Panic attack for Russia's currency market." Other countries, such as India, have snapped up Russian oil instead, tempering the impact of price caps and other penalties. The collapse of Russia's Ruble (black) is a reminder how badly the EU failed on Russia.
Persons: Vladimir Putin, Putin, Gazeta, Russia Robin Brooks, XbOwqiABRd — Robin Brooks, George Pavel, Brent, Kathleen Brooks, Brooks, Trump Organizations: Analysts, RIA Novosti, Kommersant, Brookings Institution, EU, Russia Locations: Russia, Russian, Ukraine, Russia's, India
View at Walmart What we like Check mark icon A check mark. Includes free 12-month membership to Nintendo Switch OnlineCheck mark icon A check mark. View at Walmart What we like Check mark icon A check mark. View at Best Buy What we like Check mark icon A check mark. Includes 4K Blu-ray disc drive to play physical games discs and moviesCheck mark icon A check mark.
Persons: we've, Mario, Zelda, you'll, We're Organizations: Business, Walmart, HP, Nintendo, Mario Kart, Nintendo Switch, Microsoft, Nova, Nova Pro, Netflix, Xbox, Samsung, Black, Sony, Slim, Sony PlayStation, Amazon Sony, VR, Meta, Amazon, Asus, AMD, Amazon LG, LG, Wireless, Logitech, Lightspeed, Nvidia
"Dragon babies are, for the most part, intensely desired and prized by their parents. Seah said dragon babies will also have a tougher time looking for jobs after graduation. AdvertisementThe study also found that Chinese dragon babies were 2.3% less likely to gain admission to local universities in Singapore. But the latest crop of dragon babies may have it easier, with competition evening out as birth rates drop. Dragon babies might have once been subject to great pressure to exceed expectations, but Gietel-Basten says he'd be "surprised" if that same level of pressure would be applied to 2024's dragon babies as they grow older.
Persons: Jackson Koh, Koh, it'll, It's, Fatih Aktas, , Cheng Ong, Melissa Anne Lim, Lim, Kelvin Seah, Seah, Stuart Gietel, he'd, Basten, that's, Chen Qibao, Lee Hsien Loong, Lee, Qian Wenlan, Qian Organizations: Singapore's Nanyang Technological University, Getty, Singapore's Department of Statistics, National University of Singapore, NUS, Business, Singapore —, Hong Kong University of Science, Technology, Publishing, Getty Images, National Bureau of Statistics, Singaporean Locations: Singapore, Asia, Fatih, Anadolu, China, Basten, Getty Images China, China's, Xinhua, Seoul, South Korea
AdvertisementIntel's median employee pay rose 4% in five years, lagging behind other tech firms. Other tech companies like Nvidia and Microsoft increased pay by at least 12%. Intel's median employee pay has only increased by 4% over the past five years, an analysis of annual proxy statements filed with the SEC showed. Related Video Nearly 50,000 tech workers have been laid off — but there's a hack to avoid layoffsIn 2019, Intel's average employee pay was $96,300. Besides stagnating pay, Intel employees have seen other setbacks.
Persons: Pat Gelsinger Organizations: Nvidia, Microsoft, Intel, SEC, Big Tech, AMD, Qualcomm, Business, Department of, Industry, Bloomberg Locations: Ohio, Phoenix
Learn moreRight now, Solo Stove is having its biggest sale of the year for Black Friday — up to 50% off all fire pits, pizza ovens, camping stoves, furniture, and other backyard and outdoor gear. The best Black Friday Solo Stove dealsStaff Pick Solo Stove Bonfire 2.0 Fire Pit $229.99 $249.99 Save 8% The Solo Stove Bonfire 2.0 is the best fire pit we've tested because its design facilitates blazing fires with minimal smoke. View at Solo Stove What we like Check mark icon A check mark. Didn't live up to "smokeless" advertisingStaff Pick Solo Stove Mesa Tabletop Fire Pit $39.99 $79.99 Save 50% The Solo Stove Mesa is the best small fire pit we tested. View at Solo StoveBlack Friday Solo Stove FAQsHow does a Solo Stove fire pit work?
Persons: Stove, it's, You'll Organizations: Business, Black, Solo
Best Black Friday standing desk dealsMany of our favorite tried-and-tested standing desks are on sale, including the Uplift and Flexispot desks. Staff Pick Uplift V2 Standing Desk $569.00 The Uplift V2 is a highly customizable standing desk that can meet almost any need. View at Flexispot What we like Check mark icon A check mark. Difficult assemblyFlexispot E2 Pro Standing Desk $119.99 $289.99 Save 59% The no-frills Flexispot Standing Desk moves quickly, smoothly, and quietly to reach your desired height. View at AmazonBlack Friday standing desk deal FAQsIs Black Friday a good time to buy a standing desk?
Persons: , Secretlab Magnus, Magnus Pro, it's, We've, you'll Organizations: Business, Flexispot's, Black, Branch, Amazon Locations: Burrow
Learn moreWelcome to your one-stop shop for this weekend's best Black Friday streaming deals. View at PeacockPeacock Premium Plus (Monthly Plan) $13.99 Peacock Premium Plus subscription is $14 a month. Then Britbox is a streaming service for you as it's packed with classics from the likes of the BBC and ITV. Am I locked into a contract if I sign up for one of these Black Friday streaming deals? By default, once the deal you've signed up for ends, the streaming service will re-subscribe you for the regular price.
Persons: Max, HBO Max, Peacock, we've, We'd, That's, We're, Sherlock, Luther, Harry Potter, Max Max, It's, There's, you'll, you've Organizations: Business, HBO, Disney, Paramount, Hulu, Disney Disney, Disney Plus, NBC, Football, Peacock, CBS, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, Paramount Paramount, Paramount Plus Paramount, Paramount Plus, BBC, ITV, Max, Starz, Starz Starz, Service, ESPN, MLB, NHL, UFC, ESPN Amazon Prime, Amazon Locations: British, Downton Abbey
Learn moreBlack Friday has arrived, and the best Walmart Black Friday deals include major discounts on top items. For even more deals, make sure to bookmark our guide to the best Black Friday deals, which span multiple retailers. Best Black Friday Walmart tech dealsIf you're looking for tech beyond Apple, Walmart has several deals on items from Sony, Samsung, Beats, and more. View at WalmartBest Black Friday Walmart TV dealsThe best Walmart Black Friday deals can be seen across top brands like Sony, LG, Vizio, and Hisense. View at WalmartBest Black Friday Walmart Apple dealsThere are tons of Black Friday Apple deals at Walmart, including savings on the Apple Watch 10 and sets of AirTags.
Persons: it's, Max, they're, It's, Walmart Apple, Blackstone, gelato Organizations: Business, Walmart, Sony PlayStation, Apple AirPods, Dyson, Apple, Samsung, Sony, PlayStation, Walmart Sony, Slim, Walmart Nintendo, Nintendo, Mario Kart, Walmart Samsung Galaxy Watch, Galaxy, LG, Friday, Walmart Apple, iPad, Black
View at Amazon What we like Check mark icon A check mark. View at Best Buy What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Best Buy What we like Check mark icon A check mark. View at Best Buy What we like Check mark icon A check mark.
Persons: I've, It's Organizations: Business, LG, Samsung, Sony, Amazon, Amazon Samsung, Amazon Sony, Walmart, Smart, Dolby, Black, Alexa, Friday, Amazon Prime
AdvertisementNew York-based investor Nihal Mehta of Eniac Ventures created Pitch and Run in 2019. The group hosts weekly fun runs across the country for tech founders and investors. For Nihal Mehta, running is, first and foremost, a way to decompress from the fast-paced lifestyle of building a startup. His brainchild is Pitch and Run, a bona fide run club for founders, investors, and other members of the tech community to connect over their shared love of startups as well as running. Mehta himself completed his fifth New York City marathon earlier this month, sharing the course with 25 other Pitch and Run members.
Persons: Nihal Mehta, , Mehta, there's, they've, Dee Murthy, Murthy, Kevin Weatherman's, Shahn Christian Andersen, he's, – Mehta Organizations: Eniac Ventures, LA, Eniac, Weatherman, PNR Ventures, New York Tech, New York City Locations: York, decompress, New York, Los Angeles, Chicago, Austin, San Francisco, New York's Chelsea, Brooklyn, Manhattan, VCs
To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.
Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, , Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, , New York City
Is the vibecession about to end?
  + stars: | 2024-11-29 | by ( William Edwards | ) www.businessinsider.com   time to read: +5 min
Optimism surged post-2016 election, with small businesses planning to hire more employees. Yes, that's a portmanteau of vibes and expansion, and it's the upbeat version of its better-known cousin, the vibecession. Advertisement"Small business owners lean Republican," said Oliver Allen, a senior US economist at Pantheon Macroeconomics, in a November 12 note. Goldman Sachs"After Donald Trump was elected the 45th President in November 2016, the National Federation of Independent Businesses (NFIB) small business optimism index skyrocketed. "We expect an improving small business operating environment will boost the sentiment and spending of SMBs in 2025 and lift the earnings and valuation of stocks with revenues tied to that spending."
Persons: Kyla Scanlon, National Bureau of Economic Research hasn't, there's, Donald Trump's, Oliver Allen, Goldman Sachs, Donald Trump, David Kostin, they're, Daniel Zhao, Louis, Zhao Organizations: National Bureau of Economic Research, Pantheon, National Federation of Independent Businesses, Chief US, Economics, Workers, Glassdoor, Louis Fed Locations: St
The premium luggage and travel retailer is slashing as much as 30% to 40% off a selection of bags and accessories, while many items are 20% off. You can find more sales in our guide to the best Black Friday luggage deals. View at TumiTumi Mezzanine Rivera Satchel $629.00 $1,050.00 Save 40% Tumi may be better known for luggage, but it also makes luxury handbags. View at TumiBlack Friday Tumi luggage FAQsDoes Tumi offer a lifetime warranty? While year-round Tumi sales are not unheard of, like many retailers, Tumi uses Black Friday to offer the biggest discounts.
Persons: We've, Tyler, Rivera Satchel, Tumi Harrison Nelson, Nelson, Tumi Organizations: Business, Tumi's, Tumi, Tote Locations: View
AdvertisementAWS faces competition from OpenAI, Microsoft, and Google in AI, risking its cloud dominance. It offers new financial incentives for AI sales. "This is a great time to partner with our sales teams for this #OneTeam effort," AWS said in an internal memo obtained by Business Insider. Many AWS sales teams have new performance targets tied to AI products. The Find One, Launch One, Ramp One initiative includes AWS sales architects.
Persons: Matt Garman, Einat Weiss, they're, salespeople, Garman, AWS's, Microsoft Satya Nadella, Justin Sullivan, Q, hasn't Organizations: Microsoft, Google, North, Business, AWS, Messaging, Amazon, BI, there's, Amazon Connect Locations: OpenAI, North America
Biden's enhanced ACA subsidies, which lowered premiums for the middle class, will expire in 2025. Biden's expansion increased the financial assistance for people already on ACA plans and lifted the income eligibility cap for those benefits. Related storiesHow ending ACA subsidies would impact Americans and government spendingEnding subsidies would be cheaper for the government and taxpayers. Some Republicans like Vice President-elect JD Vance have said they want to inject needed competition into the health insurance marketplace. Still, Young said letting the ACA subsidies expire will likely mean that healthcare will become more expensive for millions of people.
Persons: Donald Trump, Joe Biden's, Trump, , Gary Young, Young, JD Vance, it's, KFF, Elon Musk, Vivek Ramaswamy, Robert F, Kennedy Jr, Mehmet Oz, Kennedy, Oz Organizations: Trump, White, Affordable, Medicaid, Republican, Biden, Congressional, Office, ACA, Northeastern University's Center for Health, Healthcare Research, Republicans, of Treasury, Children's Health Insurance, Centers for Disease Control, Social Security, GOP, of Government, Department of Health, Human Services, Centers, Medicare, Services, Forbes Locations: Federal
AdvertisementBaby-boomer homeowners have benefited from skyrocketing housing prices amid a home shortage. Baby boomers have been the big winners in the US housing market, but as the generation retires, its members are facing a new challenge in finding accessible housing. Those who oppose building are disproportionately older homeowners. AdvertisementMany older homeowners — particularly the growing number who still have mortgages — are struggling with rising insurance premiums. Molinsky's report found older Black homeowners had less than half the home equity of older white homeowners.
Persons: boomers, Redfin, Jennifer Molinsky, Molinsky, There's Organizations: Homeowners, Harvard, Aging Society, Insurance Locations: South Florida, Arizona
AdvertisementIn 2018, at 46, Chris retired and left Chicago for Bangkok. He enjoys the affordability of living in Bangkok and how easy it is to make friends. As he soaked in the pool of his Airbnb in Bangkok, Chris wondered, "How can I make this my home permanently?" Describing his lifestyle as "semi-luxury," Chris said he'd increased his budget year after year to adjust to his changing circumstances. ChrisFor Chris, being able to live any type of lifestyle is his favorite part of living in the city.
Persons: Chris, he'd, , feverishly, He'd, pickleball, it's, Chris isn't, John Walker, Chiang Mai, It's, Jeffrey Odgen, who's, he's Organizations: Thai, for Community, Economic Research, World Bank Locations: Chicago, Bangkok, Illinois, Asia, Thailand, Hong Kong, Japan, Thonglor, Australia, Hua Hin
The Disney Plus and Hulu Black Friday deals are some of the best, with the Disney Bundle Duo Basic going for more than 70% off right now. The Disney Bundle Duo Basic gives subscribers access to the ad-supported tiers of both Disney Plus and Hulu. There are multiple Disney Plus and Hulu plans, and several bundles, although the ad-supported Hulu subscription and ad-supported Disney Duo Basic bundle are the only plans with Black Friday deals at the moment. For combo fans, there's also a Disney Bundle Duo Premium (ad-free Disney Plus and Hulu) for $20 per month. It's a live TV streaming cable alternative with Hulu, Disney Plus, and ESPN Plus bundled in.
Persons: We'd, haven't, there's, It's Organizations: Business, Disney Plus, Hulu Black, Disney, Hulu, Disney Hulu, ESPN Plus, Black, ESPN Locations: Hulu
Learn moreAs the temperature continues to drop, there's no better time to stock up on cold-weather essentials like winter coats and Arctic-ready winter coats from Canada Goose. We've tested several Canada Goose options that rank highly among the best winter coats for men and best winter coats for women, so you can be sure that it's worth the splurge. Shop all of the best Canada Goose Black Friday deals from retailers like Saks Fifth Avenue, Shopbop, and Farfetch. The best Canada Goose Black Friday dealsCanada Goose Marlow Quilted Parka Jacket $1,525.00 The Marlow Quilted Parka Jacket is one of the warmest, most cold-resistant parkas in the Canada Goose line. The experience led him to list Canada Goose in our guide to the best parkas for men.
Persons: Goose Marlow, Amir Ismael Organizations: Business, Saks, Marlow, Saks Fifth, Canada Locations: Canada, Shopbop, Antarctica
Learn moreThe Black Friday Meta Quest 3 deals and Quest 3S bundles are live, and we're shocked and delighted to see the new 3S get such a good one already despite only being released in October. Meta Quest 3S Black Friday dealsIt's too soon to get a discount on the new Meta Quest 3S hardware, but the discounts on bundled extras are excellent today. Best Value Meta Quest 3S (128GB) $299.00 $448.00 Save 33% The Quest 3S is Meta's most affordable VR headset. View at AmazonMeta Quest 3 Black Friday dealsThe full-sized Meta Quest 3 is an odd duck right now. Check out our full Meta Quest 3S review.
Persons: we're, It's, you'll, Meta, they'll, it's Organizations: Business, Meta, VR, Amazon, Qualcomm, XR2, 120Hz, Walmart, Black
Learn moreTracking down the actual best Black Friday deals isn't for the faint-hearted or inexperienced. View at Amazon What we like Check mark icon A check mark. View at Nugget What we like Check mark icon A check mark. Play couch comes in 20 colors and ottoman is available in 10Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Persons: isn't, whittle, we're, Apple, you've, Max, Harry Potter, Max Hulu, We'd, I’ve, Talia Ergas, Puffer, Abercrombie & Fitch, Bonobos, fryer, Ninja Air Fryer, you'll, it's, There's, Apple AirPods, Dyson, Cord, Rihanna, shea Organizations: Business, Apple, Verizon, Amazon Apple, Verizon Apple, Max, Apple Watch, Google, Samsung, Disney, Disney Plus, Hulu, Disney Max, NBC, Football, Peacock Paramount, Paramount, CBS, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, Paramount Paramount, Paramount Plus, Paramount Starz, Starz, LG, Smart, Dolby, Amazon LG, Walmart, Amazon, Brands, Abercrombie & Fitch, Abercrombie, Fitch, Abercrombie &, Chino, Nike Air Jordan, Jordans, Nike, Black, Big, Shark, Joybird, Ninja Air, Ninja Air Fryer XL, VR, Meta, Sony, Amazon Sony PS5, Amazon Sony PlayStation, Amazon Samsung, Nova, Nova Pro, Mint Mobile, Mobile, Mint Mobile Samsung Galaxy, Galaxy, XL, Gemini, Dell, Dell Lenovo, Samsung Galaxy Watch, Google Pixel Watch, HP, Amazon Sony WH, WH, Dyson, Army, Navy Locations: Tempur, Balsam
AdvertisementUber and Lyft drivers in Phoenix and LA have said driverless taxis are hurting their earnings. Some Uber and Lyft drivers have said the driverless taxis operating in their markets are driving down their earnings. Some drivers told BI this was already happening. AdvertisementRestrictions on robotaxis could help reduce competitionJohn, a 43-year-old Uber and Lyft driver in Phoenix, said he thought Waymo One's robotaxis had hurt his earnings. He sometimes asks his passengers about their experiences using driverless taxis to get a better understanding of his competition.
Persons: Jason D, Jason, Uber, Carl Benedikt Frey, Frey, Waymo, didn't, Mobileye, John, Waymo One's robotaxis, Brad, aren't, Nicole Moore, who's Organizations: Phoenix, Austin, Oxford Internet Institute, Drivers United Locations: Phoenix, LA, Los Angeles, San Francisco, Atlanta, Las Vegas, , Waymo, robotaxis
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