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☆ Short-term rental pros share 2 strategies that help them profit during Airbnb slumps
▼ + stars: | 2024-07-31 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Short-term rentals are generally considered more lucrative than long-term rentals. Summer 2023 was tough across the board for the short-term rental market, with some Airbnb and Vrbo hosts seeing revenue drop by up to 18%. The couple self-manages three short-term rental properties. "On a lot of these short-term rental platforms like Airbnb and Vrbo, there are rating systems for the guest," said Jervais. They noted that working with the right property manager or co-hosting platform is a good option for a short-term rental property owner who wants to be more hands-off.

Persons: they're, Natia, Jervais Seegars, they'd, they've, We're Organizations: Service, Business, Ventures, Strategy

☆ Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing
▼ + stars: | 2024-07-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +42 min

Along with its S24 series of smartphones, foldable devices, smartwatches and now the Galaxy Ring, Samsung is hoping to lock users into its world of products held together with its suite of artificial intelligence features, known as Galaxy AI. Arjun KharpalOne of the things Samsung said was look, the ring is one product, but we've got the watch, we've got the smartphone. I think that's the right approach for Samsung, I don't think they have unrealistic expectations for volumes on this. And you'd feel like if there was some sort of Apple ring, it would do pretty good volumes. Do you think Samsung is seriously looking at ways to monetize this via subscriptions or other kinds of service business model?

Persons: aren't, Tom Chitty, Ben Wood, Meta's Ray, Arjun, Tom Chitty I've, I've, we've, Arjun Kharpal, let's, It's, That's, it's, you've, they've, there's, they're, someone's, I'm, that's, you'll, Ben Wood It's, smartwatch, Arjun Kharpal Apple's, Ben Wood They've, Tim Cook, He's, who'd, Tom Chitty Diamond, somebody's, who've, wasn't, Samsung hasn't, we'll, Ben, they'll, Will, wearables, Kharpal, Arjun Kharpal Tom, Tom, Tom Chitty We'll Organizations: Samsung, South, Galaxy, CNBC, CCS Insight, Mobile, Apple, Garmin, Apple Watch, U.S, Vision, Samsung Electronics, Google, MWC Locations: South Korean, Paris, France, beyondthevalley@cnbc.com, There's, Finland, London

☆ Alev Kelter helped the US win its first medal in rugby. She prepared with protein, saunas, and vulnerable talks with her teammates.
▼ + stars: | 2024-07-31 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Alev Kelter helped her team win bronze in rugby sevens — the US's first Olympic medal in the sport. But that wasn't the case for Alev Kelter, an American rugby sevens player who scored on Tuesday to help Team USA win its first medal in the sport. She'd never even touched a rugby ball, but she thought ice hockey may have given her the right mentality for rugby. In 2016, just two years after picking up a rugby ball, Kelter was among the first rugby sevens players to compete in the Olympics. Sevens features seven-person teams playing seven-minute halves instead of the traditional 15-player teams playing 40-minute halves.

Persons: Alev Kelter, —, Kelter, she'd, She'd, hasn't Organizations: Olympic, Service, Team USA, Australia, Team USA's, Olympics, HSBC SVNS, Business, Training Locations: Paris, American, Alaska, Chula Vista , California

☆ Why Silicon Valley Is Going to War Against the Media, Journalists
▼ + stars: | 2024-07-30 | by ( ) www.businessinsider.com time to read: +21 min

Just 20 years ago journalists covered the tech industry "like it didn't matter, like it was this hobbyist, interesting, plucky thing." The pro-tech media gives tech's main characters the chance to write their way back to the original storyline. Trae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Related storiesTrae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Of the members of the news media I talked to about pro-tech media, some were backhandedly laudatory.

Persons: Mike Solana, Solana, Peter Thiel, —, David Sacks, Jason Calacanis, Chamath Palihapitiya, David Friedberg, Elon Musk, Sam Altman, Tucker Carlson, Donald Trump, There's, Coogan, John Coogan, Andreessen Horowitz, Marc Andreessen, they're, Balaji Srinivasan, Mark Zuckerberg, Donald Trump's, Tyler Le, Sam Bankman, Warren Buffett, Trae Stephens, Andreessen, Palmer Luckey, It's, Dick Lucas, Lucas, Joe Rogan, Kamala, Stephens, Packy McCormick, Taylor Lorenz, Ryan Mac, Kevin Roose, Jesse Singal —, Casey Newton, Casey isn't, Casey, Newton, Erik Torenberg, Anthony Fauci, Ellen Pao, Katherine Maher, George Soros, Joe Biden, Chesa Boudin, Boudin, Gavin Newsom, Palihapitiya, Sacks, Trump, JD Vance, Brian Merchant, Ben Smith, Eric Newcomer, he's, Lulu Cheng Meservey, Balaji Srinivasan's, Zoë Bernard Organizations: Fund, Tech, Founders Fund, Apple, Elon, Elite, Sequoia Capital, Pirate, Penguin Group, Big Tech, Card Industry, Washington Post, TechCrunch, Media, NPR, Google, Disney, Twitter, Republican National Convention, Bloomberg, monetization, San, Business Locations: San Francisco, Substack, Silicon Valley, New York, Silicon, Solana, Miami, Francisco, California, Los Angeles

☆ Analyst blasts American Airlines for troubling 'lack of vigor' and action to improve financial performance
▼ + stars: | 2024-07-29 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +3 min

Read previewJP Morgan analysts say American Airlines leadership isn't doing enough to shore up profits, calm anxious investors, and improve stock performance after disappointing second-quarter results. American Airlines executives plan to lean on additional earnings from a recently revamped ticket distribution strategy as part of a turnaround strategy. AdvertisementThe disastrous policies cost the company $750 million in lost revenue during the first half of the year, American Airlines CEO Robert Isom said during the earnings call on Thursday. American Airlines did not respond to a request for comment. Second-quarter earnings for American, Delta, and United all fell short of Wall Street expectations.

Persons: —, Morgan, they'd, JP Morgan, Jamie Baker, Baker, Robert Isom, JP, uninspiring, Scott Kirby Organizations: Service, American Airlines, Business, . American Airlines, United Airlines Locations: United

☆ How VC Stephen Hays scraped his life off rock bottom after addiction and a bipolar diagnosis to tackle mental health stigma
▼ + stars: | 2024-07-29 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +10 min

Some parents had voiced concerns about Hays' "background," he told Business Insider. In 2020, he started What If Ventures, a venture firm focused on investing in mental health startups. Hays's new public persona as a staunch mental health advocate also puts a certain pressure on him to perform his recovery — "and I hate that," he said. He wants to show people struggling with their own mental health that working to get well is good enough. Advertisement"I don't just want to destigmatize addiction and mental health issues — I want to destigmatize the journey of getting better," he said.

Persons: —, Stephen Hays, Hays, couldn't, didn't, They'd, it's, Christine, he'd, Amit Etkin, Etkin, he'll, that's, Stephen, Christopher Kim, Kim, Hays doesn't, It's Organizations: Service, Little League baseball, Business, Neuroscience, Ventures, West, Space Ventures, Atlantic City, Magazine, Deep Space Ventures, Alto Neuroscience, BI, Argosy Strategic Partners, Argosy Locations: Dallas, Texas, Atlantic, Las Vegas, Colorado, Wickenburg , Arizona

☆ Melinda French Gates says MacKenzie Scott, Jeff Bezos' ex, helped her with parenting kids that were raised 'down the street' from each other
▼ + stars: | 2024-07-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewMelinda French Gates and MacKenzie Scott have a lot in common besides once having been married to a billionaire tech titan. French Gates revealed in an interview with The New York Times published Sunday that she and Scott share similar parenting styles. French Gates told The Times that she and her then-husband, Bill Gates, didn't want their children to grow up spoilt and entitled. Both French Gates and Scott have gone all in with their activism and philanthropy after divorcing their ex-husbands, Bill Gates and Jeff Bezos respectively. AdvertisementRepresentatives for French Gates and Scott did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Melinda French Gates, MacKenzie Scott, Gates, Scott, Bill Gates, didn't, French Gates, MacKenzie, It's, Jeff Bezos, I've, — Elon, Musk, Joe Biden, Kamala Harris, Biden Organizations: Service, The New York Times, Times, Business, The Times, Democratic, Business Insider Locations: French

☆ Miss USA Pageant Is Being Destroyed by Its Scandals
▼ + stars: | 2024-07-29 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +22 min

AdvertisementAccording to the longtime Miss USA official, the significant shift was ushered in by the former Miss Universe Organization president Paula Shugart, who produced the Miss USA, Miss Teen USA, and Miss Universe pageants from 2001 until 2020. Benjamin Askinas/The Miss Universe OrganizationCheslie Kryst, who won Miss USA in 2019, defended the #MeToo movement during her interview round. It was a remarkably different experience from those of past titleholders like Miss USA 2013 Erin Brady Colagiovanni and Miss Teen USA 2017 Sophia Dominguez-Heithoff. AdvertisementThough they were "brand ambassadors" of the organization, Voigt and Srivastava couldn't even post on the Miss USA and Miss Teen USA social-media pages. Advertisement"I don't know that Miss USA is relevant right now," the longtime Miss USA official said.

Persons: Noelia Voigt, Voigt, Miss Teen USA UmaSofia Srivastava, Crystle Stewart, Stewart, Max Sebrechts, Laylah Rose, We're, we're, Rose, Srivastava, Craig Barritt, Srivastava haven't, they'd, Kansas Haley Berger, Jackeline Voigt, Barbara Srivastava, Barbara, They'd, Jackeline, Srivastava's, Miss Colorado Arianna Lemus, Stephanie Skinner —, Kimberly Nicewonder, Miss Virginia, Paula Miles —, South Carolina —, Rose's, It's, Ryan Miles, Paula, she's, Brian Ach, Miss Rhode, We've, we've, Paula Shugart, Shugart, Amber Hulse, I've, Olivia Culpo, Donald Trump, Benjamin Askinas, Miss Universe Organization Cheslie Kryst, Kára McCullough, Kryst, Hulse, Miss Utah Noelia Voigt, Rachelle di Stasio, Miss Colorado, Lemus, Rachel Slawson, Merissa Underwood, Voigt's, Rose wouldn't, Noelia, Laylah, Claudia Michelle, Chance Yeh, Michelle, Miss USA's, Kimberly Clark, Erin Brady Colagiovanni, Sophia Dominguez, Colagiovanni, Dominguez, Heithoff, Srivastava couldn't, Amanda Jones, Jones, Terkel, — Organizations: Miss, Business, Miss Teen USA, Miss USA, Representatives, Teen USA, Miss Hawaii Savannah Gankiewicz, Miss Teen Virginia, New York, hiTechMODA, Miss Texas, Miss Rhode Island's, Miss Universe Organization, Fox, Miss USA Miss, New York Times, —, Supermodels, Miss Teen, CW Locations: Miss USA, USA, Miss, Miss Virginia, Alabama , Louisiana, North, South Carolina, Miss South Dakota, South Dakota, Utah, America

☆ One way employers can attract Gen Z talent is by ditching résumés, recruiter says
▼ + stars: | 2024-07-29 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Sophie O'Brien, the founder of the entry-level recruitment service Pollen Careers, told Business Insider that if companies want to hire the best-fitting Gen Z talent, they should ditch asking for a résumé. Gen Z are people aged 12 to 27. O'Brien found success in hiring Gen Z talent with less conventional methods. Advertisement"It's alienating Gen Z," she said. "This is groundbreaking for Gen Z, they absolutely love it," O'Brien said.

Persons: —, Sophie O'Brien, Gen, O'Brien, they'd, Zers, I'm, they've, Gen Z, we've, Majella Lavelle, résumés, Lavelle, Laura Littlehales, Littlehales, David Graham, Mobsta Organizations: Service, Business, CVs, Arsenal, Sporting, aren't, McDonald's

☆ I take my wife and 5 kids with me to war zones as a crisis volunteer. People think I'm crazy, but we work as a family.
▼ + stars: | 2024-07-28 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +8 min

I sent them an email about the possibility of work, and we left within a week and a half. Most of these people still had family members that were just captured by ISIS, and who were very traumatized. Home life in warMy wife is very connected to the work and its mission. And we'd come back to a big house where we take showers, there's a functioning family and hot food. The kids do miss out on having a steady community, but their community is always there when they get back.

Persons: —, Daniel Beiler, Rodi Said, Jessica Melanson, we've, We've, — we've, it's, There's, we're, I'd, I've, I'm, STRINGER, Beiler, Ted Shaffrey, They've Organizations: Service, Business, Islamic, ISIS, Emergency Service, Reuters Locations: Pennsylvania, Iraq, Dnipro, Ukraine, Bolivia, Syria, Ukrainian, Dnipropetrovsk, Baghdad, Mosul, STRINGER Iraq, Lancaster County , Pennsylvania, Idaho

☆ Warren Buffett starts downsizing his Bank of America bet — Here's what could lie behind the move
▼ + stars: | 2024-07-28 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Warren Buffett surprised many investors by downsizing one of his longest held and largest positions — Bank of America . Berkshire Hathaway recently unloaded 52.8 million Bank of America shares worth $2.3 billion during a six-day selling spree, the first time since late 2019 that the Omaha-based conglomerate reduced its holding. The legendary investor said then that he liked the business, valuation and management of the Charlotte-based bank "very much." BAC YTD mountain Bank of America Tax liability Taxes could also be a motivating factor in the BofA sale. Buffett, who paid over $5 billion in corporate taxes in 2023, believes the corporate tax rate could move higher to help fill the government's yawning gap between spending and revenue.

Persons: Warren Buffett, Buffett, Brian Moynihan, James Shanahan, Edward Jones, BofA, … BofA, they'd, Moynihan Organizations: — Bank of America, Oracle, Omaha . Berkshire Hathaway, of America, Berkshire, Apple, Bank of America Locations: Omaha ., Omaha, Berkshire, BofA, Charlotte

☆ My wife and I both work from home. I have a ton of fears about how remote work will impact my kids as they grow up.
▼ + stars: | 2024-07-28 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Remote work has had a positive impact on my relationship with my kidsI'm an engineering manager for an advertising company, and my wife works for a medical devices company. The flexibility of remote work has positively impacted my relationship with my kids overall. AdvertisementOur generation is the first to raise kids in a remote work environment en-masse. AdvertisementI worry that watching me work remotely will make my kids less resilientI hope that the flexibility of remote work gives my kids a sense of work-life balance. But I also have fears about how remote work will impact my children and their generation.

Persons: —, Jeffery Smith, I'm, Jeff, Jeff I, I've, couldn't, they'll, they're Organizations: Service, Technologies, Business

☆ 16 cities with hot job markets where homes cost $150,000 less than the national average
▼ + stars: | 2024-07-27 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Read previewAffordable homes are already rare in this cutthroat housing market, so finding a fairly priced property in a city with promising job prospects may seem like an impossible task. While property prices are no longer surging, they're still elevated, as are mortgage rates. "In-demand, affordable markets, such as those on the Wall Street Journal/Realtor.com Housing Market Ranking list, have seen prices climb, especially high relative to pre-pandemic prices." Homes in those standout cities also cost 6% more than last year, while the rest of the US had flat home prices. Within that group, there were 16 real-estate markets where homes were at least $150,000 less than the national average that also had an unemployment rate at or below 4%.

Persons: —, Realtor.com, Hannah Jones, Danielle Hale, Jones, Hale Organizations: Service, Business, Street Journal, National Association of Realtors, Wall Street Locations: Realtor.com

☆ Most people don't really care about COVID anymore. That's good — and bad.
▼ + stars: | 2024-07-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Healthcare professionals told BI that the public's more relaxed attitude toward COVID is ultimately a good thing. AdvertisementThe long COVID scareRelaxed attitudes are not necessarily a bad thing, according to doctors. On the one hand, people are generally not getting as sick as they once did when ill with COVID, medical professionals told BI. AdvertisementMedical professionals are doing their best to understand long COVID, but admit that there's still much to learn. "When I treat people with long COVID, they are always masked," Chopra said.

Persons: —, Joe Biden, Anita Chopra, Eric Chow, Edward Jones, Lopez, Chow, we've, Jessica Bender, Bender, Chopra, Long, ROBYN BECK Organizations: Service, Business, University of Washington, Public Health Seattle, Yahoo, Keck Medicine, University of Southern, Centers for Disease Control, UW, Getty, National Library of Medicine Locations: King County, University of Southern California, Seattle

☆ 56% of people would RSVP 'no' to a close friend's wedding to save money, new survey shows
▼ + stars: | 2024-07-27 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

There are ways to attend a wedding and stick to a tight budget. Wedding events, like a bridal shower or dress shopping can start far before the nuptials. "Consider which wedding events are must-attend and which ones you could skip to save on costs," she says. Consider which wedding events are must-attend and which ones you could skip to save on costs. "This is a nice option whether or not you're on a tight budget," she says.

Persons: X, Allison Cullman, Zola, they'd, Hannah Nowack Organizations: of America, CNBC, Zola

☆ An engineer who lived in NASA's Mars simulation for 378 days went through extreme isolation — but still said he'd go to the red planet for real if he could
▼ + stars: | 2024-07-26 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Not just anyone can live on MarsThe CHAPEA crew celebrates the birthday for Ross Brockwell, left, inside the habitat. Luckily for the CHAPEA crew, everyone got along well and became close even before they set foot in the habitat, Brockwell said, which helped reduce the sense of isolation. Homesickness is realThe 1,700-square-foot CHAPEA habitat contains individual living quarters for four volunteer crew members. But you might fall in love with itA CHAPEA crew member participates in a simulated "Marswalk" inside a 1,200-square-foot sandbox to mimic the Martian landscape. Despite the challenges he faced during the simulation, Brockwell would love to visit Mars for real someday.

Persons: —, Ross Brockwell, he'd, Brockwell, Patience, it's, Bill Stafford, wasn't, Gene Kranz's, Scott Kelly, James M Organizations: Service, NASA, Business Locations: Houston

☆ My boyfriend and I met while standing in line for 8 hours. We've been going strong for over 2 years.
▼ + stars: | 2024-07-26 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. We were saddened by the news on September 8, 2022, that Queen Elizabeth II had died at 96. My mom and Aunt Louise decided to go and pay their respects, along with tens of thousands of others who adored the queen. You had to stand in line in one queue to get a wristband to join another one. Aiden wrote to King Charles III to tell him how we metI got home a few hours later, slept two hours, and went to work.

Persons: —, Jessica Stevens, Queen Elizabeth II, Aunt Louise, queued, Aiden, Aiden O'Neill, Harry Swain, wasn't, we'd, Stevens, O'Neill, King Charles III, Louise, texted, Harry, Aiden's, we've Organizations: Service, Westminster Hall, Business, Facebook Locations: Westminster, London, Ohio, Niagara Falls

☆ Southwest says 80% of its customers didn't like the unassigned seating policy. But I will miss it.
▼ + stars: | 2024-07-26 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Read previewWhen Southwest Airlines announced Thursday it was dropping its unique plane seating system, I was among the (apparently small) group of people who reacted with disappointment. In announcing the policy change, Southwest said their research showed 80% of customers preferred an assigned seating system, while 86% of new customers did. AdvertisementIt also means navigating the chaos that can be found at essentially every other airline's gate besides Southwest. Some families also love Southwest's open seating policy for this reason. But without the open seating, the airline is losing part of what sets it apart — even if that means gaining new customers.

Persons: —, Sean Cudahy, Guy, I'm, aren't, Cudahy, it's, Jason Steffen, Southwest's, Cudahey, Steffen Organizations: Service, Southwest Airlines, Business, Southwest, University of Nevada Locations: Southwest, Burbank , California, Denver, Las Vegas

☆ A 24-year-old bought a private island in Finland for less than the price of a new car
▼ + stars: | 2024-07-25 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Oliver Russell, a 24-year-old college student in Finland, bought a private island in March. Russell, who is half-American and half-Finnish, plans to build a cottage and a sauna on the land. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Oliver Russell saw the island for the first time, it was coated in powdery white snow. Russell, a 24-year-old college student who is half-American and half-Finnish, knew they'd made it to solid ground when the snow felt noticeably firmer.

Persons: Oliver Russell, Russell, —, trudged, they'd Organizations: Service, Business Locations: Finland

☆ Who Kamala Harris picks for her running mate will show where her campaign sees its path to victory
▼ + stars: | 2024-07-25 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +6 min

Read previewVice President Kamala Harris' campaign is in the process of choosing her running mate, and who she chooses will provide insight into her battle plan for November. With 20 electoral votes, winning the battleground state will likely be a crucial part of both former President Donald Trump and Harris' campaign. Choosing Shapiro, the state's governor, who has proven he can win in Pennsylvania, could significantly bolster Harris' ticket there, Gift said. Kevin Fahey, an assistant professor of political science at the University of Nottingham, agrees but told BI that a Shapiro pick may indicate some trepidation in Harris' campaign. Plus, he's already been an attack dog against Trump's running mate, Sen. JD Vance, going after him for his Appalachian credentials.

Persons: —, Kamala Harris, Josh Shapiro, Roy Cooper of, Andy Beshear, Sen, Mark Kelly of, Joe Biden —, Harris, Shapiro, Cooper, Donald Trump, Thomas, Chuck Rocha, Rocha, it's, Kevin Fahey, Fahey, Beshear, Biden, JD Vance, Kelly, David Barker, Barker, they'd, Kelly wouldn't, Barry Burden, Burden, Trump Organizations: Service, Pennsylvania, Business, Electoral, Trump, University of Nottingham, Republican, American University's Center, Congressional, Presidential Studies, University of Wisconsin Locations: Roy Cooper of North Carolina, Kentucky, Mark Kelly of Arizona, Pennsylvania, Philadelphia, Pittsburgh, Alabama, Michigan, Wisconsin, Georgia, Arizona, Upper Midwest, North Carolina, Nevada, California, West, Madison, — Pennsylvania

☆ Credit Card Rewards Are Making Us Jerks, Causing Fights Among Friends
▼ + stars: | 2024-07-25 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

He's not doing all this out of the kindness of his heart; he's doing it because he wants the credit-card rewards. In a recent poll from Ipsos, 71% of Americans surveyed said they had some sort of rewards, points, or cash-back card, and 80% of those with such a card said they valued their rewards. But maybe we love our credit-card rewards too much, to the point that it's making us act in less-than-ideal ways toward those we hold near and dear. But credit-card rewards are, indeed, making things uncomfortable. I recently booked a fight with a friend who remarked she'd gotten some $300 in travel credit from her rewards card.

Persons: Pam, she's, It's, He's, Jane, Joe, there's, Mary fuming, Matt Schulz, Taylor Swift, I'm, Jen, who's, She'd, nonpoints, Emily Thompson, Guy, they'd, Ted Rossman, —, Danielle Bayard Jackson, she'd, Thompson, I'd, Matt, " Schulz, LendingTree, they've, Emily Stewart Organizations: brunch, LendingTree, American, Business Locations: San Francisco, Ipsos, Singapore, Chicago, Alaska, Florida

☆ How Group Black's $500 million promise to Black-owned media unraveled
▼ + stars: | 2024-07-24 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +16 min

Montaque cofounded Group Black in 2021 with the goal of directing $500 million in advertising money to Black-owned media in its first 18 months. With the pledge, Group Black laid out a plan to steer money to Black media owners and acquire media companies. Bough, Group Black's chief strategy officer, was a former Mondelēz and PepsiCo marketer who presented the CNBC reality show "Cleveland Hustles." Various outlets reported that Group Black mounted bids for media companies including the Sports Illustrated publisher Arena Group, the Paramount-owned BET, Vice Media, and Vox Media. Seven former employees described Montaque as an energetic leader but said he was ultimately ineffective in executing Group Black's mission.

Persons: Travis Montaque, Weeks, Montaque, Bonin, Black, George Floyd, Breonna Taylor, Richelieu Dennis, Dennis, Ursula M, Burns, Randy Brooke, Ursula Burns, Seth Kaufman, Moët Hennessy, Gamble, Ziff Davis, offsites, Gamble —, Spokespeople, Derrick Johnson, Lionel Hahn, Todd Brown, It's, Christopher Kenna, I'm, Samantha Skey, Black's Travis Montaque, Arturo Holmes, Vivek Shah, Bough, Sheila Marmon, Media's Refinery29, Erika Goldring, Richelieu Dennis who's, Kirk McDonald, GroupM Organizations: Black, Cannes Lions, Business, Black's, SHE, Cola, Walmart, PepsiCo, CNBC, Xerox, Getty, Moët Hennessy North America, Procter, Gamble, NAACP, Urban Edge Network, Corporate America, Association of National Advertisers's Alliance, Inclusive, Multicultural, Diversity Media, Penske Media Corp, Zeta, Fox, Everyday Health, Sports, Arena Group, Paramount, BET, Vice Media, Vox Media, Galore Media, Mirror, Marmon, Media Locations: GroupM, America, Soho, Manhattan, Santa Monica, Cannes

☆ How CrowdStrike caused a global IT meltdown and what comes next
▼ + stars: | 2024-07-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +24 min

But this was not a Microsoft issue. Tom ChittyWe're going to talk more about who CrowdStrike are, I think, you know, some people would probably never have heard of CrowdStrike. Lots and lots and lots of global businesses rely on CrowdStrike for their security. I had first seen that and thought it was a Microsoft issue, the reason why Windows crashed on my PC. It was a CrowdStrike issue.

Persons: Tom Chitty, We'll, I've, Arjun Kharpal, you've, Tom Chitty We're, let's, Arjun Kharpal CrowdStrike, George Kurtz, Kharpal, CrowdStrike, they're, it's, they've, Tom Chitty Well, what's, Arjun Kharpal We'd, Iyou, It's, who've, there's, Ciaran Martin, Patrick Anderson, Arjun, Tom, Tom Chitty We'll Organizations: Microsoft, Industries, CNBC, Netflix, NBC, Sky News, Tom Chitty Airlines, Civil Aviation, CrowdStrike, U.S, Board, U.S . Homeland Security Department, Google, National Cybersecurity Center, Anderson Economic Group, CNN Locations: U.S, beyondthevalley@cnbc.com, CNBC's London, London, Europe, China, Russia, Arjun Kharpal China, Moscow, what's, Michigan

☆ A New Hampshire couple who wants to retire by age 35 shares the 'house-hacking' strategy that's grown their net worth to over $800,000
▼ + stars: | 2024-07-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Read previewIn 2019, at the age of 23, Lauren Simpson and her husband Ian decided to pursue an ambitious goal: retire by age 35. The rest is from the equity they've built in four properties they've purchased over the last three years: one primary residence and three rental properties. These properties also provide the couple with rental income that they put toward their savings. When someone buys a second home or investment property, mortgage lenders often require a downpayment of at least 10%. In addition to buying investment properties, Simpson said she and Ian have done whatever they can to grow their savings.

Persons: —, Lauren Simpson, Ian, Simpson, Roth, they've, New Hampshire — Simpson, we've Organizations: Service, Business, FIRE, Roth IRA, baseball Locations: New Hampshire, Florida, —

☆ Americans Still Shop for Luxury Items in Physical Stores, Not Online
▼ + stars: | 2024-07-23 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

It found that people generally have a strong preference for a brick-and-mortar experience when buying luxury items. Online luxury sales picked up during the pandemic but have since come back down to earth. The overarching theme is that many consumers haven't warmed up to shopping luxury — namely, ultra-luxe items and brands — online. AdvertisementWe try to treat luxury with the same e-commerce experience we use for paper towels, and that just doesn't work. For the most part, luxury brands prefer that customers would rather shop in-store.

Persons: Gen Z, Claire Tassin, haven't, Jason Goldberg, hasn't, Goldberg, Luca Solca, Solca, Nora Kleinewillinghoefer, Prada, Tassin, Louis Vuitton, Kleinewillinghoefer, Emily Stewart Organizations: Walmart, Morning, Moda, Groupe, Bernstein, Bain & Company, Burberry, Gucci, luxe, Companies, Amazon, Business Locations: —, Kearney

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