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Read previewMartha Ellen Mabry remembers getting her hair cut as a kid at the local salon one of her neighbors owned. AdvertisementHere are two principles the entrepreneur followed that helped her build two thriving businesses without a business or finance background. Mabry launched her basement salon Headchop on a shoestring budget. Mabry didn't spend a dime on marketing Headchop. Advertisement"What makes a business truly work for a long time is the care that goes into it," Mabry said.
Persons: , Martha Ellen Mabry, Mabry, Alisha Wetherill Mabry, she's, that's, I've, Michelle Iorio, Hayley Carloni, they're Organizations: Service, South Carolina, Business Locations: South, Brooklyn , New York, NYC, Williamsburg, DevaChan
AdvertisementIt sure seems like Nvidia is everyone's AI daddy right now. But in case anyone needed another reminder of who the AI daddy is, Nvidia delivered it on Wednesday. Nvidia stock surged as much as 14% in premarket trading Thursday. There are a few reasons why Nvidia has become indispensable to tech firms trying to take advantage of the AI gold rush. Expect Nvidia to remain the AI daddy for the foreseeable future.
Persons: Jensen Huang, Mark Zuckerberg, Huang, Goldman Sachs, Lisa Su, Matt Bryson, Bryson, OpenAI's Sam Altman, SoftBank's, Kathleen Brooks, XTB Organizations: Nvidia, Microsoft, Meta, Reuters, Huawei, Technology, AMD Locations: Santa Clara, China
Despite doubling its EV deliveries in 2023, Rivian reported a $5.4 billion loss for the year. In an email to Business Insider, Rivian did not specify exactly how many salaried staff members would be cut, but said that it has 16,700 total employees, including both salaried and hourly workers. Here's the full email that Rivian CEO RJ Scaringe sent out to staff on Wednesday, announcing that layoffs would be coming on Thursday. Tomorrow, we're reducing our salaried employees by approximately 10% along with a limited number of non-manufacturing hourly employees. Also, anyone impacted tomorrow will still be eligible for our FY'23 bonus.
Persons: Rivian, Claire McDonough, Jacob Bourne, Bourne, Tesla, Scaringe, RJ Scaringe Organizations: Bloomberg, Business, Intelligence, Ford, General Motors, Dealers
At 21, she bootstrapped Headchop, which started as a one-chair basement salon in Williamsburg. To step into Headchop Hair Studio is to step back in time. The humble basement salon, sandwiched between residential buildings on Berry Street in Williamsburg, Brooklyn, is easy to miss. Mabry, pictured styling hair at Headchop, says that her "fascination" with hair began in middle school. Mabry's original location, Headchop, is by appointment only.
Persons: Martha Ellen Mabry, bootstrapped, , Alisha Wetherill, Mabry, Headchop, Samuel Robert Bullen Mabry's, messaged, she'd, It'll, Michelle Iorio, Iorio, Clinton Van Gemert, I'm, Hayley Carloni, I'd, chemo —, Lil, She'd, I've Organizations: Service, New, New Yorker, Business, South Carolina, Craigslist Locations: Williamsburg, Berry, Williamsburg , Brooklyn, New York City, New, South Carolina, New York, Brooklyn, South, DevaChan
AdvertisementAn incoming cast member on "Stranger Things" says the final season will take an entire year to film, likely ending hopes of an early 2025 release date. The "Stranger Things" writers announced on May 6 they would pause production, and didn't return until September 27 when the Writers' Guild of America strike ended. Hamilton, who joined the "Stranger Things" cast in June 2023, told Business Insider she had her first week on the hit show's set earlier in February. The stars of "Stranger Things" season four: Natalia Dyer, Joe Keery, Gaten Matarazzo, Maya Hawke, Sadie Sink and Caleb McLaughlin. I confirm everyone's theory is correct," Hamilton told Business Insider.
Persons: Linda Hamilton, didn't, Hamilton, Natalia Dyer, Joe Keery, Gaten Matarazzo, Maya Hawke, Sadie Sink, Caleb McLaughlin, hasn't, Millie Bobby Brown, Joyce, Winona Ryder, Duffer Organizations: Netflix, Business, Hollywood, Writers ' Guild of America, CIA, coy, US Weekly
Cathie Wood says Nvidia "has become a check-the-box stock." Wood says she's been selling the stock because "expectations could be getting ahead of themselves." Ark Invest's Cathie Wood says she's been selling Nvidia stock because she thinks it's become overvalued. "It has become a check-the-box stock," Wood said in a podcast with The Wall Street Journal's Dion Rabouin that aired Sunday. Wood's investment fund sold over $4.5 million worth of Nvidia stock this year.
Persons: Cathie Wood, Wood, she's, Alphabet's, it's, Dion Rabouin, Rabouin, Kathleen Brooks Organizations: Nvidia, BI
Read previewYouTube megastar MrBeast doesn't like traditional job titles. Instead, he prefers to call his employees "friends of friends," or "FOFs." Experts say leaning away from traditional work structures, like disregarding job titles, may give the illusion of an employer providing a better culture, but in reality, these frameworks persist because they are important. "Get job titles defined and what someone's actually in charge of, and everyone will be able to hold each other to account about whether all the wheels are turning neatly." A cautionary taleTravis Lindemoen, the founder and CEO of the recruitment startup Enjoy Mondays, told BI that "friends of friends" set off "alarm bells" for him.
Persons: , Jason Zavaleta, MrBeast, Jimmy Donaldson, Donaldson, doesn't, Derek Bruce, someone's, Bruce, Travis Lindemoen, YouTubers, David Dobrik's, Dobrik, Jeff Wittek, Wittek, Lindemoen, Troy Guthrie Organizations: Service, Business, YouTube, Time, OSHA, BI Locations: bam
Noah Kahan has become famous for working and collaborating with other popular musicians. Kahan has also performed live with Gracie Abrams, Lizzy McAlpine, and Zach Bryan. The internet has given singer-songwriter Noah Kahan many nicknames: the Folk Malone, the Jewish Ed Sheeran, and the American Hozier. But Captain of the Folk Avengers might be the most fitting because he seems to join forces with and bring together everyone's favorite indie artists. Here are 17 of the popular artists he's collaborated with, so far.
Persons: Noah Kahan, Kacey Musgraves, Post Malone, Kahan, Gracie Abrams, Lizzy McAlpine, Zach Bryan, Folk Malone, Ed Sheeran, he's Organizations: Post, Folk
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmy Schumer has responded to comments speculating on her appearance during recent interviews, explaining that her face is "puffier than normal" due to endometriosis. And you're right it is puffier than normal right now." "There are some medical and hormonal things going on in my world right now, but I'm okay," Schumer added. In September 2021, Schumer underwent surgery to remove her uterus and appendix as a treatment for endometriosis.
Persons: , Amy Schumer, I've, Schumer, Jimmy Fallon, Gene David, Chris Fischer Organizations: Service, Business, World Health Organization, WHO, American College of Obstetricians, endometriosis
Woods said his back began to spasm over the final few holes in the Genesis Invitational at Riviera. The shot called for the same club he had just shanked — 8-iron — for a low punch between the trees. “I had a small window there and tried to hit a punch-hook 8-iron after I just shanked an 8-iron," he said. Woods managed five birdies on a pristine day at Riviera, with mostly sunshine and a strong breeze late in the afternoon. A shank is rare, especially for Woods, but it has been a while since he mentioned back spasms.
Persons: Tiger, Woods, ” Woods, , Patrick Cantlay, Charlie, , haven’t Organizations: ANGELES, Sun, PGA, PNC Locations: Southern California
It will mean fundamentally reevaluating our conception of free will and human agency — and reckoning with our tortured relationship with shame. Many health plans have refused to cover GLP-1s for weight loss , citing limited approval from the Food and Drug Administration. I don't know when I first became overweight, but I remember the moment I was taught to be ashamed of it. They can stop the vicious feedback loop where our food choices and weight drive the shame that drives our food choices and weight. But no matter how heavy that burden was, one thing made it easier to bear: I wasn't weighed down by my shame.
Persons: I'd, They're, , dieters, I've, Wayne LaPierre, David Vades Joseph, Mounjaro, , you'd, would've, Kit Kat, they've, untangling, Stephen Spielberg's Organizations: National Rifle Association, NRA, Food and Drug Administration, New York City Marathon, Harvard Law School, GLP, BI Locations: York, Greenwich Village, darting, GLP
Many financial experts say you need $1.2 million or more to retire comfortably and for your retirement savings to last. But does that number include your home and home maintenance, insurance, dental work, and potential unexpected expenses? Future expenses can be hard to predict, but here are 3 steps you can take to avoid surprises when you plan to retire:Advertisement1. And don't forget about dental work. Dental work can be really expensive and dental insurance doesn’t cover nearly enough.
Organizations: Service, Business, Research
Mat Ishbia, majority owner of the NBA's Phoenix Suns, talks to the media during his introductory press conference at the Footprint Center in Phoenix, Arizona, on Feb. 8, 2023. Phoenix Suns owner Mat Ishbia is forming a new sports, entertainment and real estate investment group as a single unifying place for his investments. The new investment or holding company will be called the Player 15 Group, the company announced Wednesday. It will house the National Basketball Association's Phoenix Suns, the Women's National Basketball Association's Phoenix Mercury and the newly acquired G-League team for the Suns. The group follows similar one-stop shop investment groups such as Fenway Sports Group, Harris Blitzer Group and The Kraft Group.
Persons: Mat Ishbia, Ishbia, Harris Organizations: Phoenix Suns, Footprint, Basketball, Phoenix Mercury, League, Suns, NBA, CNBC, Footprint Center, Phoenix, Mercury, Fenway Sports Group, Harris Blitzer Group, The Kraft Group, United Wholesale Mortgage, Forbes, Michigan State University Locations: Phoenix , Arizona, Phoenix
Lyft CEO David Risher apologized for a typo that led to a 60% stock surge. AdvertisementLyft's CFO can breathe easy — her boss isn't making her the fall person for a major earnings typo. "There are a lot of eyes on this press release, but at the end of the day, my bad." "It's an unacceptable error," Risher said. Within seconds of realizing the error, the CEO said Lyft quickly corrected the mistake.
Persons: David Risher, Risher, , isn't, Lyft, Erin Brewer, it's Organizations: Service, Bloomberg, Wall
Mark Kashef had long considered finance the most stable, lucrative field you could work in — until the release of ChatGPT. Kashef adds that, in the long term, he wouldn't be surprised if AI surpassed finance in terms of job opportunities and earning potential. AI brings new fears and opportunities for workersEconomists and HR experts say the future of the AI job market is bright — but its success isn't guaranteed. "If you look at the descriptions for AI job postings, many of the roles are still very exploratory, alluding to building or testing new products," Pollak says. Several industries outside of tech have demonstrated a clear, consistent interest in hiring for AI jobs, including retail, finance, health care and education, Pollak notes.
Persons: Mark Kashef, ChatGPT, Kashef, it's, wouldn't, , Julia Pollak, Pollak, Trey Causey, Causey, Ryan Sutton, Robert Half Organizations: Ottawa, Queen's University, Companies, Meta, Netflix, Amazon, Business Locations: , Kingston , Ontario, ODAIA, Toronto
The ultra-discount retailer Temu bought an eye-popping three $7 million Super Bowl ad spots. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Though not quite a rebranding, this pronunciation is new for the two-year-old e-commerce site, which aired its first (single) Super Bowl commercial last year. In that ad, Temu is clearly (and predictably) pronounced "tee-moo." Those results make the estimated $21 million look like money well spent for Temu's parent company, PDD Holdings.
Persons: , PDD Organizations: Temu, Service, Super, PDD Holdings, JPMorgan Locations: Temu, China
Jason Fell purchased a vacation home in 2020 and turned it into his primary residence soon after. Courtesy of Jason FellWe basically converted a lake vacation home into a full-time home. We're saving on property taxes and were able to renovateWhen we bought the Poconos house as a vacation house, we paid cash, so there's no mortgage. Having that separation from the real world versus vacation world — I guess some people can see value in that. AdvertisementIt's not like we moved into our vacation home and that's it — we still go on vacation.
Persons: Jason Fell, Fell, , We've, we're, I'm, they're, Jordan Pandy Organizations: Service, Port Authority, Business Locations: NYC, , New Jersey, Pocono, Pennsylvania's Pocono, Bergen County, New York, New York City, New Jersey, Pennsylvania, NJ, Midland Park, jpandy@businessinsider.com
AdvertisementIn December, Taylor Swift — Time's Person of the Year — glittered in front of the camera in a black bodysuit, a floor-skimming chenille dress, and a studded bustier gown. Crafting Swift's public imageThe Swiftian brand philosophy revolves around one essential idea: Taylor Swift is everyone's best friend. These choices are attainable, predictable, and unthreatening — purchases made by your best friend during a mall shopping spree. Lauren Sherman , Fashion Correspondent at Puck News , astutely labeled Swift's style as "Anthropologie Gone Wild" — mismatched, outdated, pedestrian, but instinctual. He's been running his own fashion brand for 20 years .
Persons: Taylor Swift, , inoffensive, Swift, Jean Paul Gaultier, She's, doesn't, J, Lauren Sherman, astutely, Sherman, Swift's, Joseph Cassell Falconer, bedazzled Zuhair Murad bodysuits, Cookie Cohen, Taylor, Cohen, Yves Saint Laurent, they're, Kevin Mazur, Pharrell, Louis Vuitton, Rihanna, He's, Angelina Jolie Organizations: Service, Chiefs, Balmain, Urban Outfitters, Fashion, Puck, Swift, The New York Times, MTV Locations: Zara
Chinese leader Xi Jinping said on New Year's Eve that the nation's economy had grown "more resilient and dynamic this year." Meanwhile, famed hedge fund manager and founder of Dallas-based Hayman Capital Kyle Bass said the country's heavily indebted property market has triggered a wave of defaults among public developers. That's a problem, given China's real estate market can account for as much as a fifth of the nation's GDP. "This is just like the U.S. financial crisis on steroids," Bass said, referring to China's default-ridden property market. The Institute of International Finance said Beijing has the policy capacity to push China's economy toward its growth potential and stuck to its above consensus forecast for 2024 growth at 5%, in a recent blog post.
Persons: Eswar Prasad, Mohamed El, Xi Jinping, there's, Paul Krugman, Krugman, Kristalina Georgieva, Hayman, Hayman Capital Kyle Bass, Bass, isn't Organizations: Future Publishing, CSI, China's National Bureau, Statistics, Allianz, International Monetary Fund, Nikkei, New York Times, Monetary Fund, Economic, IMF, Dallas, Hayman Capital, of International Finance Locations: Jiangsu, China, Nikkei Asia, U.S, Europe, tatters, Davos, Beijing
Charles Schwab Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. How are required minimum distributions calculated? Everyone's financial circumstances are different, but there are some strategies that could reduce the tax implications of required minimum distributions. You can also calculate your required minimum distributions using the IRS' life expectancy chart. And if you've already been taking required minimum distributions, don't be surprised if they're larger this year.
Persons: RMDs, , Charles Schwab, Schwab, Roth, Roth IRAs, it's, John, you'll, You'd, Kevin Martin, David John, There's, they've, Rita Assaf Organizations: Schwab, Trading, Organization, IRS, Social, Tax, H, AARP, Institute, Bank, Western Alliance Bank, Alliance Bank, FDIC, CNBC, Brookings, Fidelity Investments, CNBC Select's, Facebook, Twitter Locations: LendingClub, N.A
Read previewJenna Ortega was "comfortable" while filming a sex scene with her "Miller's Girl" costar Martin Freeman despite their 31-year age gap, according to the film's intimacy coordinator. This story is available exclusively to Business Insider subscribers. While audiences have been quick to criticize the age gap between the two actors — Ortega is 21, while Freeman is 52 — the film's intimacy coordinator, Kristina Arjona, told DailyMail.com that plenty of work went into ensuring that Ortega was happy. Advertisement"Sex Education" and "It's a Sin" intimacy coordinator David Thackeray spoke to Business Insider in 2022 about how sex scenes are filmed, and he said that intimacy barriers are a good way of creating space between actors. Business Insider contacted Ortega and Freeman's representatives for comment.
Persons: , Jenna Ortega, Martin Freeman, Ortega, Jonathan Miller, — Ortega, Freeman, Kristina Arjona, Jenna, Arjona, who's, we've, David Thackeray, everyone's, Thackeray Organizations: Service, Business Locations: Cairo
Google on Thursday announced a major rebrand of Bard, its artificial intelligence chatbot and assistant, including a fresh app and subscription options. Google also announced new ways for consumers to access the AI tool: As of Thursday, Android users can download a new dedicated Android app for Gemini, and iPhone users can use Gemini within the Google app on iOS. Likewise, chief executives at tech giants from Microsoft to Amazon underlined their commitment to building AI agents as productivity tools. Google's Gemini changes are a first step to "building a true AI assistant," Sissie Hsiao, a vice president at Google and general manager for Google Assistant and Bard, told reporters on a call Wednesday. Currently, though, the tools, including Gemini, are largely limited to tasks such as summarizing, generating to-do lists or helping to write code.
Persons: Bard, OpenAI's, Sundar Pichai, Pichai, Sissie Hsiao, There's, Google's Hsiao, Hsiao Organizations: Google, Bard, Microsoft, GE, Spotify, Pfizer, Gemini Locations: Korean
A college-educated Gen Zer struggling to find a minimum-wage job shared her frustration in a viral video. Santos, who is based in Brooklyn, NYC, told Business Insider that she was working as a nanny until she lost her job in November 2023. AdvertisementAfter sharing her struggle on TikTok, Santos learned she's not aloneSantos made her now-viral video the day she went job-hunting in person. "Everyone's in the same position, whether they studied business, whether they studied marketing or anything else. She's now receiving job offers from strangersSantos said she's received job offers and opportunities from strangers who have seen her teary video.
Persons: Gen Zer, Lohanny Santos, Santos, she's, I'd, , I've, I'm, She's, Zer Organizations: Business Locations: Santos, Brooklyn, NYC, TikTok
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOnly worrying thing about the Japan market is that everyone's bullish: Financial services firmJesper Koll of Monex Group says he himself is "very bullish," but "ironically, the only thing that worries me is not the fundamentals, but it is this fact that everybody is bullish Japan now."
Persons: Jesper Koll Organizations: Monex Locations: Japan
Farrer is better known as the Timepiece Gentleman, the flashiest online dealer in the $75 billion luxury watch trade. All he needed was the right name for his luxury watch business — something distinctive, something memorable. In his mind, he pictured what the ultimate luxury watch dealer would look like. To launch his career as the Timepiece Gentleman, Farrer boned up on the jargon of horology, from escape wheels and spring barrels to flinques and guilloches. Despite the staggering size of the luxury watch trade, nobody had thought to market its glamour and mystique.
Persons: Reddit, I've, Anthony Farrer, Farrer, Mark Wahlberg, Marky Mark, Patek Philippes, Sharf, Prada, he'd, Cameron, Travis Baker, chronograph, Richard Chance, He'd, timepieces, Farrer boned, they're, Kevin Hart, It's, Buyers, Darby McVay, McVay, Liz Guilliams, Guilliams, You've, Dallas —, Crimepiece, vouching, Santa Monica, , Darth Vader, y'all, reselling, Anthony, stiffing, Wesley Stokes, Stokes, Bob Schober, Joe Haden, Richard Mille, Schober, He's, Peter, Paul, didn't Organizations: YouTube, FBI, Timepiece Gentlemen, Watch, Buffalo Wild Wings, Business, Boston Consulting Group, Texans, Craigslist, Lamborghini, Malibu, Downtown, Hollywood, Cleveland Browns, TPG, Ducati, Venice Locations: Venice , California, Venice, backwoods Texas, Reddit, cowpoke, Sherman , Texas, Dallas, It's, Salt, Riding, Los Angeles, In Dallas, LA, Santa, Texas, Downtown Los Angeles, South Carolina, Scottsdale , Arizona, Stokes
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