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Read previewPro League Network has raised $2.2 million to commercialize niche sports like slapfighting, CarJitsu, and streetball, and allow people to bet on them. This story is available exclusively to Business Insider subscribers. Advertisement"We're solving a problem," Yucatonis told Business Insider. "The portfolio appeals to them because they're placing a bet on different properties," Salvaris said. Business Insider has viewed the full version.
Persons: , Mike Salvaris, Bill Yucatonis, Yucatonis, Roger Ehrenberg, Chris Grove, Kevin Garnett, Salvaris, PLN, it's Organizations: Service, League, Business Locations: Missouri, East
It also reflects that there's money in the system — but Chinese consumers are just really not that keen on dropping their hard-earned cash at Starbucks or Gucci. China's demand for gold jewelry softened in the first quarter of this year due to the surge in gold prices but was still holding up well, according to the council. Gen Z Chinese consumers ditch luxury for goldUnlike the rush into gold assets, Chinese consumers are not running out to buy even more stuff, particularly foreign imports. China's savings rate was around 32% last year — compared to around 4% in the US, according to a McKinsey analysis of official data. "Chinese households are increasingly confronted by the weak long-term Chinese growth outlook and the slumping prices in China's residential real estate market," said Biswas.
Persons: , Rajiv Biswas, Gen, LVMH Moët Hennessy Louis Vuitton, Gucci, Yves Saint Laurent, Laxman Narasimhan, Nomura, Lynn Song, Jean, Jacques Guiony, Biswas, McKinsey Organizations: Service, Gucci, Business, World Gold, Bloomberg, Starbucks, Huawei, Nomura, ING, McKinsey Locations: Japan, China, American, Greater China
Several investors released a joint letter this month urging fellow shareholders to vote down the package as excessive. Tesla shareholders approved the pay package in 2018, with compensation tied to Tesla's performance including its market value. And he still has time to meet goals he hasn't reached, including on revenue, because the pay package had a 10-year term. In the 440-page proxy statement explaining the vote, a committee of the Tesla board noted the "novel circumstances." Some people began sharing screenshots of their votes in April, shortly after the Tesla board announced the vote, and the deadline to vote online is June 12.
Persons: Elon Musk, The Beverly Hilton, Tesla, James Park, Musk, He's, Judge Kathaleen McCormick, McCormick, Nadya Malenko, hasn't, Ann Lipton, Lipton, — I'm, Musk's, there's, , Rowe Price, didn't, Brad Lander Organizations: SpaceX, Tesla, The Beverly, Wall Street, University of California, CNBC, Bloomberg, Reuters, Boston College's, Tulane University, Disney, New York, Amalgamated Bank . Locations: Beverly Hills , California, U.S, Delaware, Austin , Texas, , Los Angeles, Texas, New York City
The three All-Star Resorts are usually my go-to. All-Star Movies probably has the most Disney touches. Kim Renfro/INSIDERI often stay at one of the three All-Star Resorts (All-Star Movies, All-Star Music, or All-Star Sports), which share one property at Disney World. They're usually the cheapest resorts and have the same general perks as the expensive ones. But there are family suites available at All-Star Music, and that's easily the cheapest way to accommodate a larger party at Disney World.
Persons: Kim Renfro, that's Organizations: Star Resorts, Disney, Sports
And I think if somebody doesn't fix the problem, we could be gone," Malcolm Collins previously told BI in 2022. Malcolm Collins resumed his conversation with the stunned reporter after telling his child: "I love you but you gotta be nice in restaurants. Related storiesSoon afterward, the episode went viral on X — the platform owned by Elon Musk, whom Malcolm Collins was incidentally gushing over moments before striking his toddler. This is all to say that yes, 100%, Torsten was pushing boundaries and not acting unintentionally," Simone Collins wrote. AdvertisementOver the phone, Malcolm Collins told Business Insider that he "bopped" his son on the nose to jar him, not to hurt him.
Persons: Malcolm, Simone Collins, Malcolm Collins, Jenny Kleeman, Elon Musk, Christ, Torsten Savage, Torsten Organizations: Service, Business, Guardian, Elon, CNN Locations: Pennsylvania
A majority, 78%, of U.S. workers say they don't use all of their PTO, according to a new Harris Poll survey of 1,170 American workers. People cited busy schedules, heavy workloads and a persistent "pressure to always be available" as the biggest impediments to taking more time off. Still, paid time off is a sought-after benefit among U.S. workers, with 48% saying they would rather have more PTO than a higher salary, the Harris Poll found. Others are offering to help offset the cost of employees' vacations, either with flight or hotel credits. If you're looking for a flexible job that will allow you to work remotely and help you afford to travel more, these seven companies are hiring for remote and hybrid roles and help pay for employees' vacations, according to FlexJobs:
Organizations: Harris Locations: U.S
How long this trend will last is unclear, though it's clear a lot will depend on the direction of interest rates. This dynamic isn't surprising given a high interest rate environment that has pressured consumers. "Elevated interest rates are causing customers to defer their large discretionary projects," UBS analyst Michael Lasser said. "This means that a recovery should be robust as interest rates move lower." "Existing home sales also continue to be a material headwind to remodel activity as long as interest rates remain relatively high," Badishkanian said.
Persons: Richard McPhail couldn't, McPhail, Marvin Ellison, Bradley Thomas, Greg Melich, it's, Michael Lasser, Melich, bode, Wolfe, Greg Badishkanian, Badishkanian, Edward Decker, KeyBanc's Thomas, Ellison, Lowe's, Thomas, Lowe's Ellison Organizations: Home, Federal Reserve, Depot, CNBC, UBS, Home Depot, Wolfe Research, Lowe's, Pro, FactSet Locations: Lowe's, Friday's
Learn moreThe Boston Celtics vs. Indiana Pacers Round 3 Playoffs continue (and possibly conclude) with Game 4 tonight. We've put together all the details on where to watch Celtics vs. Pacers Game 4 live streams so that you don't miss a moment of the action. ET / 5 p.m. PT on ESPNWhere to watch Celtics vs. Pacers in the USCeltics vs. Pacers Game 3 will air on ESPN on Monday at 8 p.m. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for. Shop at SlingHow to watch Celtics vs. Pacers from anywhereThose traveling outside the United States during tonight's game can keep up with their subscriptions using a VPN (virtual private network).
Persons: We've, ExpressVPN Organizations: Business, Boston Celtics, . Indiana Pacers, Celtics, Pacers, Indiana Pacers, Boston, NBA, Eastern, ESPN, Sling, PT, US Celtics Locations: Boston, Indianapolis, United States
Everyone you know is going on a cruise
  + stars: | 2024-05-27 | by ( Harriet Baskas | )   time to read: +2 min
Benjamin Xiang, a San Francisco-based flight attendant, went on his first cruise last August, setting aside his reservations about "cruise people" and a type of trip he'd imagined would be "not my travel style." He's among the many cruise newbies who've helped power the industry's recent growth. Some 27% of cruise passengers over the past two years have been first-timers, up 12% from the prior two-year period, according to the Cruise Lines International Association (CLIA), a trade group. That's exactly what cruise operators are hoping for, and so far they're getting it: 82% of all cruisers say they'll book again, CLIA's latest report found. After welcoming 31.7 million passengers last year, 7% more than in 2019, the industry expects volumes to swell to 34.7 million by the end of 2024.
Persons: Benjamin Xiang, he'd, Xiang, who've, Will, CLIA's, Jennifer Klaussen Organizations: Voyages, Cruise Lines International Association, Sundari Locations: San Francisco, Barcelona, Mallorca, Ibiza, Malibu , California
That means the iconic profession is not only drastically underrepresenting Asian Americans, but historical data shows the community isn't making up ground like other minority populations. While the federal data may shock those outside the community, it connects to a long-documented problem of those who have historically held power mentoring others who look like them. Yet there has never been an Asian American judge appointed to the U.S. Supreme Court. A Washington Post analysis found Biden has appointed the most non-white judges of any president, and approximately 14% have been Asian. It's also worth noting that the share of Asian judges has jumped around over the past decade rather than moving in a straight line.
Persons: Goodwin Liu, Lance Ito, Simpson, Biden, It's Organizations: Getty, U.S, Supreme, American Bar Association Locations: Asian, Washington
They're primarily moving to Portugal, Spain and the U.K., where many expats say they're highly satisfied with their personal, financial, social and work lives abroad. She started working at Deel in 2022 as a digital nomad in Portugal and "living in the clouds traveling the world," she says. Mourao currently has a digital nomad visa in Portugal and continues to travel around the world. For example, while in Portugal, she's in a central time zone that makes it easy to communicate with colleagues in Latin America, Europe, the Middle East, Africa and Asia. Prove why you're suited to work abroad
Persons: Kamylle, Mourao, Masha Sutherlin, Sutherlin, She's, she's, who've, they've Organizations: United Arab Locations: Brazil, Peru, Mexico, Portugal, Spain, Deel, France, Egypt, Singapore, United Arab Emirates, Japan, she's, Latin America, Europe, East, Africa, Asia
That deadline — July 11 — is imposed by the state housing authority and applies to Quinn's Section 8 housing choice voucher, which she's had for about 12 years. Iowa lets landlords refuse voucher holdersQuinn says she's contacted close to 30 landlords since March. Many have simply told her they don't accept housing vouchers. In 2021, the state passed a law barring cities and counties from protecting voucher holders from overt discrimination by landlords. A crucial but flawed benefitThe federal Housing Choice Voucher Program is the biggest — and most effective — American housing assistance program.
Persons: , Stephanie Quinn, Quinn, she's, Charcot, Marie, Quinn doesn't, she'll, I'm, they've, Farley, I've Organizations: Service, Business, Facebook, Craigslist, Nationwide Locations: Farley , Iowa, Iowa, Washington, DC, Dubuque
A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments' GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. Eli Lilly and Novo Nordisk each hold a roughly 20% weighting in the ETF, per Roundhill's website as of Friday. Mazza waived concerns that investors have missed out on the rally, noting the weight loss drug industry is still in its "early days." After last Tuesday's launch, shares of Roundhill's GLP-1 & Weight Loss ETF ended the week down by almost 2%.
Persons: Eli Lilly, Dave Mazza, Mazza, CNBC's Organizations: Investments, Novo Nordisk, Zealand Pharma, Amgen, Chugai Pharmaceutical Locations: Roundhill's
"If your child's income falls within the limits, they may not owe any income tax, which can be a win-win," said Lovison, who is also a certified public accountant. If your child's income falls within the limits, they may not owe any income tax, which can be a win-win. What to know before hiring your kidsBefore hiring your children, it's important to know state and federal labor laws, along with tax rules, experts say. "Some states pretty much ban you from hiring children under the age of 14 under any scenario," Lovison said. Payments to children are subject to income tax withholding regardless of the child's age, according to the IRS.
Persons: Sean Lovison, Lovison, Roth, Carol Fabbri Organizations: Social, Advisors, IRS Locations: Philadelphia, , Colorado
Read previewChina's Eastern Theater Command on Friday released a simulation video of its missile forces carrying out a mass attack on Taiwan, boasting its land, sea, and air launch capabilities. "Destroy the pillar of Taiwanese independence! Strike the base camp of Taiwanese independence! Related storiesBeijing's missile forces have developed rapidly in recent years, alarming US officials who are now scrutinizing its arsenals and assets. Taiwan, recognizing the Chinese missile threat, has been stocking up on US-manufactured Patriot missiles.
Persons: , CapwDFZyds, They're, Lai Ching, Lai, Tsai Ing Organizations: Service, Command, Business, People's Liberation Army, PLA, Taiwan, Pentagon, Liberation Army Rocket Force, Eastern Theater Command, Patriot, Coast Guard, Navy, Democratic Progressive Party Locations: Taiwan, Taipei, Hualien, Kaohsiung, China, Beijing
This seven-bedroom 'zombie mansion' near Portland, Oregon, is listed for $1.3 million. The "zombie" house near Portland, Oregon, is now covered in graffiti. In Tigard, Oregon, about 10 miles outside Portland sits a 9,052-square-foot, seven-bedroom house that's never been lived in. It's been abandoned since 2008, after the builder had complications with his building loan during the recession, the Oregonian reported in December 2023. "The bones are good, and when it's built out, it will be a $3 to $6 million property."
Persons: Eric Squires, It's, Eric Squire, Squire, it's Organizations: Oregonian Locations: Portland , Oregon, Tigard , Oregon, Portland
Mario Anzuoni | ReutersOff-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it's not just because consumers are under pressure and hunting for value. TJX and Ross both reported fiscal first quarter earnings last week that came in better than Wall Street expected, even as both companies lapped outsize growth from the prior-year period. Ross, which runs Ross Dress for Less and dd's Discounts, posted an 8% jump in sales, bringing revenue to $4.86 billion, compared to estimates of $4.83 billion, according to LSEG. "That's because they're providing consistent value to the consumer – and that's branded consistent value to the consumer at a discount price," said Roach. The dynamic is a bit different at Ross, which has more exposure to the lower- and middle-income consumer than TJX does and competes more on price, said Siegel.
Persons: Mario Anzuoni, Ross, it's, TJ Maxx, they've, Jessica Ramirez, Jane Hali, TJX, they'd, They've, Goldman Sachs, Brooke Roach, John Klinger, Michael Hartshorn, Roach, Simeon Siegel, Siegel, Ernie Herrman Organizations: Maxx, Reuters, TJX, Associates, Wall, Marshalls, CNBC, Walmart, BMO Capital Markets, Brands Locations: Pasadena , California, Homegoods, Ross
Approximately 2 million people are expected to graduate from college in 2024, according to the National Center for Education Statistics. Data analysts on Upwork charge as much as $167 per hour. Given the constant development of technology, demand for full stack development "isn't going away," says Lilani. Like full stack development and given the prevalence of these platforms, "social media marketing is another one that's not going away," Lilani says. Accountants on Upwork charge as much as $125 per hour.
Persons: Margaret Lilani, Vicki Salemi, they're, Salemi, Lilani, That's Organizations: National Center for Education Statistics, Microsoft, Social
They live in a multi-story home with their children, Marlais' parents, and her brother and his family. AdvertisementI didn't know what to expect, but we loved it. Finally, my parents live in the attic. Diana Marlais, Bogdan Nicolae Dascalescu, and their child on the balcony of their apartment. Joshua Zitser/Business InsiderA lifesaver as working parentsDiana: If we didn't live with my parents, I don't know how I would go to work, walk the dogs, and do everything I do.
Persons: , Diana Marlais, Bogdan Dascalescu, Marlais, Diana, Bogdan, Bodgan, Bogdan Nicolae Dascalescu, Joshua Zitser, They're, it's Organizations: Service, Business Locations: Croatia, Romania, Zagreb, Croatia's, Dubrovnik, Bogdan
AdvertisementGetting accepted is just the startThe Manhattan mental health court is one path available to those who plead guilty to felonies. Related storiesMerchan is the sole judge of the mental health court in all of Manhattan, and has presided over it since its founding in 2011. If the office allows it, a mental health court treatment plan can become part of their plea agreement, which includes different consequences for failures. "It's really hard, a huge burden to even get so far as to be accepted into mental health court," said Orlins. If you fail the mental health court program in such a dramatic fashion, the next step can be a sentencing hearing.
Persons: , Donald Trump's, Stormy Daniels, Juan Merchan, Merchan, Donald Trump, Curtis Means, Trump, I'm, Eliza Orlins, Justice Juan M, Seth Wenig, Juan Merchan's, ANGELA WEISS, Orlins, Jane Rosenberg, Iris Organizations: Service, Republican, Business, New, Trump, Justice, AP, Manhattan, Attorney's, Getty, Associated Press Locations: United States, Washington, Manhattan, New York City
Read previewHey, America, we totally understand if you're not feeling so great about the economy. This story is available exclusively to Business Insider subscribers. If you're interested in learning more about what's going on with the economy take a look at the charts below. Unemployment rates in the US have been lowThe unemployment rate did climb from 3.8% in March to 3.9% in April, but that's still low. However, just because we aren't in a recession doesn't mean the economy is perfect.
Persons: , We're, Harris, David Kelly, Eugenio Alemán, Raymond James, Gregory Daco, Kelly, Daco, Alemán, Raymond James doesn't Organizations: Service, Guardian, Business, Morgan Asset Management, Real Locations: America
That's helping establish a new millennial milestone for some: Ditching roommates, moving out from the family home, and landing on living alone. Business Insider's analysis of American Community Survey microdata from IPUMS found that 10.5% of millennials lived alone in 2022. Per BI's analysis of American Community Survey data via IPUMS, 16% of millennials lived with at least one parent as of 2022. (The data doesn't specify if that means they're living with their parents or if their parents are living with them.) Subsidized solo livingSome lower-earning millennials are able to get assistance reaching the solo-living milestone — but it's not always easy.
Persons: Jess Munday's, Jess Munday's San Francisco, Munday, " Munday, I'm, it's, IPUMS, millennials, Bella DePaulo, they've, DePaulo, she'd, Jess Munday, Dara Feller, Aria Velasquez, they're, " Velasquez, Velasquez, Erica Charles, she's, Charles, Rick Fry, Fry, She'd, She's, Clibborn, Sydney Krantz, He's, , homeownership Chaz Zimmer, Chaz Zimmer, Adrianna Newell, Tomasz Piskorski, Piskorski, Zimmer hasn't, Zimmer, he's, James Paniagua, Paniagua, snagging, Julia Mazur, Kathy Pierre, Pierre Organizations: Business, American, Survey, Pew, BI Garak, BI, Subaru, Columbia Business School Locations: Jess Munday's San, Francisco's, San Francisco, Chicago, Washington ,, IPUMS, Florida, California, Waverly , New York, homeownership, Oakland , California, Los Angeles, Oakland, London, Austin, Charlotte , North Carolina, Charlotte
Day passes at hotels and resorts offer guests access to amenities without the cost of reserving a room. Hotels and third-party partners are making day passes more readily available to help bridge the gap between travel-minded consumers and luxury prices. Luxury hotel room rates in July are expected to be 85% higher than the same month in 2019, before the Covid pandemic, according to the luxury travel company Virtuoso. Berg said day passes "give people exactly what they want" and provide a separate source of revenue for hotels. Customers who buy day passes through ResortPass often splurge on poolside or other hotel amenities more than overnight guests do, Wolf said.
Persons: Lora Bowler, Bowler, she's, Hayley Berg, Hopper, Berg, Sarah Payton, Michael Wolf, Wolf, ResortPass Organizations: The New,, Consumers, Virgin Hotels, Empire, ResortPass, Waldorf, Astoria, JW Marriott Locations: The, The New York, U.S, Virgin Hotels New York City, Manhattan's Koreatown, Fontainebleau, ResortPass
They can track a patient's health over time, suggesting personalized interventions. AdvertisementDonaldson was one of the first customers at Twin Health. Twin Health is the only company that leverages digital twin AI for diabetes "reversal" — or, as doctors prefer to say, "remission." If his blood sugar starts going up, he's noticed that getting out for a walk can help bring it back down. "All of my information goes in and it talks to me like a smarter version of myself saying, 'you ate this, this was really good.
Persons: , Devlin Donaldson, he'd, that's, Donaldson, I'm, Omada, Twin's, Twin, he's, Nicola Guess, Guess, she's Organizations: Service, Business, Twin Health, Virta, Oxford University, Apple Watch, Twin Health Healthcare, McKinsey & Company
"I do a little bit of low intensity. AdvertisementThe first is "very low intensity, very long duration." "Anything where it's a very low heart rate for at least 30 minutes or longer continuously." The second is somewhere in between low intensity and full throttle. "It's not max effort, but it's not low intensity," he said.
Persons: , Andy Galpin, Galpin, Jon Rahm, Travis Barker, they're, Bryan Johnson, Andrew Huberman's Huberman, He's, it's Organizations: Service, Business, Clippers, California State University, Fullerton, Research, sarcopenia, National Institute, Aging
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