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☆ Gen Z's Never-Ending Safety Net: Living With Mom and Dad
▼ + stars: | 2024-07-07 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

Despite a strong job market, many Gen Zers are still relying on the bank of Mom and Dad to make ends meet. The young adult has their entire life ahead of them. Some parents might be more willing to provide financial support because they want to feel like a good parent. The young adult has their entire life ahead of them," Bailey said. When India Anderson turned 20 and decided to move in with her boyfriend, her mother cut off most financial support.

Persons: David Nuñez, freeloader —, Zers, Nuñez, frazzled, Nuñez's, Gen Zers, Monica Kirkpatrick Johnson, They're, Zillow, haven't, Kirkpatrick Johnson, Jeffrey Jensen Arnett, Jo Clark, Clark, I'm, Teresa Bailey, There's, Ali Lupo, Lupo, —, doesn't, Bailey, JP Krahel, Cody, Erika Archie, Cody Archie, Archie, Erika, there's, They've, India Anderson, Anderson, She's, Uber Organizations: Netflix, Pew Research Center, Pew, Washington State University, Clark University, Waddell & Associates, Urban Institute, Loyola University Maryland Locations: Tampa , Florida, America, Surrey, England, New York, Texas, Orlando

☆ How a Seattle couple achieved financial independence in their mid-30s after paying their way through school — and why they don't want to retire early
▼ + stars: | 2024-07-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Mai-lan Phan and her husband, Ryan Wagoner, both 36, reached financial independence, but neither wants to fully retire early. Many Americans are working to achieve financial independence — or having enough savings or income to live comfortably for life. Advertisement"I want to be able to walk away from any job if it's not working," Wagoner said. Nerve damage in her right hand prevented her from returning to work full-time. She said their finances were solid enough from not "keeping up with the Joneses" that she could work less while her husband continued to work full-time.

Persons: Phan, Ryan Wagoner, Wagoner, it's, —, I'm, we're, they've, she's, They've, — Phan, We've, we've Organizations: Service, Seahawks, Business, FIRE, Subway, Michigan State University, Microsoft Locations: Phan, Seattle, Michigan, Mexico, Paris, Thailand, Europe, Asia

The free options allow you to watch England vs. Switzerland with English, French, German, or Italian commentary. You'll need a VPN to access free England vs. Switzerland live stream options outside their original broadcast country. How to watch free England vs. Switzerland live streams from anywhereWith a quick and easy workaround, you can catch all Euro 2024 action for free, including England vs. Switzerland today. Where to watch England vs. Switzerland in the USAFox/FS1 has picked up the rights to all remaining games in the USA, including England vs. Switzerland. BBC specifically has the free England vs. Switzerland live stream today.

Persons: Kane, Bellingham, they've, you'll, ExpressVPN, FS1, That's Organizations: Business, England, BBC, Olympics, Wimbledon, RTE2, ZDF, USA Fox, Fox, Nations, ITV, Australia Optus Sport, Optus Locations: England, Slovakia, Switzerland, Italy, Europe, Ireland, Germany, France, USA, Australia

☆ Retiring early sounds like the dream — but not achieving FIRE could actually help you live longer
▼ + stars: | 2024-07-06 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Read previewBeing part of the financially independent / retire early movement sounds like the dream. Members of the "FIRE" movement prioritize living frugally to save and invest as much of their income as possible, creating a huge nest egg that enables them to retire early. Longevity is also a buzzy topic, and research suggests that people who live longer tend to have a strong sense of purpose. As many people get this purpose from work and their careers, could retiring early be detrimental to our health? But she said that evidence suggests the potential benefits of working or retiring vary from person to person.

Persons: —, Karen Glaser, Glaser, WHERL, Drazen Zigic Organizations: Service, Business, gerontology, Kings College London, University of Glasgow, Ageing, FIRE, Aging

☆ A real-estate investor who owns 5 properties in upstate New York shares strategies he uses to get his offers accepted in a competitive market
▼ + stars: | 2024-07-06 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Atif Afzal bought his first property in Monroe, New York in 2019. It has become increasingly more competitive to buy in Monroe, said Afzal, who owns five properties, including four long-term rentals and a primary home. Real-estate agent and investor Dana Bull, who does deals in Boston, has experience helping clients win bids. The key is to focus on the property — the specific things that you like about it — rather than you the buyer.

Persons: Atif Afzal, Afzal, what's, Dana Bull, they've, it's, Bull, you've Organizations: Service, Business, realtors Locations: Monroe , New York, New York City, Manhattan, New York, Monroe, Boston

☆ I'm a boomer traveling the world. I choose to swap houses with strangers instead of staying in Airbnbs.
▼ + stars: | 2024-07-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

I was raised in a military family, so I've lived in a few different places around the world. I have always had a passion for traveling, and buying this round-the-world ticket was a dream of mine. With Home Exchange, you're not — you just pay an annual membership fee. I tend to get the feeling that home-exchange people are more into traveling the world and being open to meeting other people. The couple is staying in strangers' homes around the world and making friendships along the way.

Persons: —, Dorine Olive, I've, Chuck, Olive, we're, It's, We've, He'd, they've Organizations: Service, Business, Star Alliance, Home Exchange, Exchange Locations: Orlando, Croatia, Hungary, Turkey, Uganda, Malaysia, Singapore, Indonesia, Australia, France, Ohio, Olive, New York

☆ A family of 4 learned to sail and now call a 35-foot boat home as they travel the world with their dog
▼ + stars: | 2024-07-05 | by ( George Fallon | ) www.businessinsider.com time to read: +5 min

Read previewThe Sailing Pickle Family lives a life that many dream of: They sail around the world and explore new countries on a regular basis. Nicky, Chris, their youngest children, 15-year-old Beau and 10-year-old Bear, plus their Doberman, Buddy, began doing just that in 2019. The Pickle family has weathered some storms and explored many places alreadyThe Pickle family has sailed around England. AdvertisementThe Sailing Pickle Family travels with their dog. Even if you're sick and dying, you have to check the weather," Nicky told BI.

Persons: —, Nicky Piccalilli, Chris, Nicky, Beau, Buddy, Prout, they'd, Nicky Piccalilli Nicky, Who, They've, Chris homeschool, Bear, Nicky Piccalilli Chris, It's Organizations: Service, Business, YouTube Locations: England, France, Biscay, Spain, Italy, Tunisia, Turkish, Europe, South America

☆ While much of Europe embraces hard-right parties, the UK has swung wildly to the left. Here’s why
▼ + stars: | 2024-07-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Francois Lo Presti | Afp | Getty ImagesLONDON — A somewhat strange and ironic political shift has gripped Europe over the last few years. "There's an anti-incumbency mood again in Europe," Dan Stevens, professor of politics at Exeter University, told CNBC. Shared concernsThe U.K. is not alone in looking for a political change of scenery. A similar shift has been observed in much of western and eastern Europe in recent years, with hard-right populist and nationalist parties upsetting and unseating the old political establishment. Political analysts point out that, although far-right political parties in France, Germany and Italy made gains in the recent European Parliament elections, they also did not perform quite as well as expected.

Persons: Jordan Bardella, Francois Lo Presti, Dan Stevens, Stevens, Christopher Granville, leaderships, they've, Granville, Sofia Vasilopoulou Organizations: Union, Afp, Getty, Labour Party, Conservative Party, Europe —, Exeter University, CNBC, Conservative, Party for Freedom, EMEA, TS Lombard, King's College London Locations: France, Henin, Beaumont, Europe, euroskeptic, Ukraine, Italy, Netherlands, Germany

☆ Jill Biden says she will 'continue to fight' for Joe Biden after his disastrous debate. Here's a timeline of their relationship.
▼ + stars: | 2024-07-05 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

May 2022: In a cover story for Harper's Bazaar, Jill said she and Joe fight over text, or "fext," to avoid arguing in front of their Secret Service detail. Joe Biden and Jill Biden at a White House reception. There will be a record of that,'" she told Harper's Bazaar. "I try to be a support for Joe because I don't know how many people are saying to him, 'That was great. "Some days, I see Joe and I'm just like, 'I don't know how you're doing it.'

Persons: Jill, Joe, Joe Biden, Jill Biden, SAUL LOEB, Biden, Harper's, I'm Organizations: Getty

☆ A running list of what Michelle Obama has said about (not) running for president
▼ + stars: | 2024-07-05 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

Read previewWith Joe Biden's re-election campaign in shambles, Democrats are turning yet again to a woman they've long wanted to nominate: Michelle Obama. Michelle Obama. When he joked that Michelle Obama might not have the temperament to be president, she jumped on the opportunity to agree. December 19, 2016Oprah asked Michelle Obama if she ever plans to seek office, but received largely the same answer as everyone else. Obama asked.

Persons: —, Joe Biden's, Michelle Obama, First, Obama, situates, Crystal Carson, Joe Biden, Kamala Harris, Nathan Congleton, we'll, Barack Obama, Michelle, Valerie Jarrett, Jarrett, Oprah, I'm, coy, it's, Conan O'Brien's, O'Brien, she'd, Carson Organizations: Service, Reuters, Democratic, Trump, Business, Getty, The, ABC News, NBC News, White House, Southwest, White, BBC, NBC Locations: NBCU, United States, Baton Rouge , Louisiana, Austin , Texas, Orlando , Florida, Boston , Massachusetts

☆ How Champagne celebrations became a Formula 1 tradition and a coveted sponsorship deal
▼ + stars: | 2024-07-05 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

Since 2021, Formula 1 races have used Ferrari Trento sparkling wine for podium celebrations. Ferrari Trento said it had nearly tripled its US sales since the start of its F1 partnership. They've been spraying and imbibing sparkling wine produced by the Italian company Ferrari Trento (no relation to the Ferrari car manufacturer). Our goal is really to increase our export sales and make Ferrari Trento more and more international." Max Verstappen and Lewis Hamilton celebrate on the podium with Ferrari Trento sparkling wine in 2021.

Persons: Ferrari Trento, —, Georges Bizet's, Carmen, Matteo Lunelli, Juan Manuel Fangio, Jo Siffert, Dan Gurney, Mumm, Lunelli, Daniel Ricciardo, Aly, Theresa Sanchez, it's, Christian Miller, UC Davis, Miller, who's, — Ferrari, Ferrari, Max Verstappen, Lewis Hamilton, Yuri Kochetkov, Sanchez, It's Organizations: Service, Ferrari Trento, Ferrari, Champagne, Chandon, University of California, Netflix, UC, Wine Market, Las, — Ferrari Trento, Prix, Las Vegas, Formula, NFL, NBA, MLB Locations: Trento, Champagne, Italian, Italy, United States, Argentine, Swiss, Davis, Ferrari Trento, Miami, Las Vegas

☆ Gina Gershon on Her Best Movie Roles: 'Bound,' 'Showgirls,' 'Killer Joe'
▼ + stars: | 2024-07-05 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +15 min

On defying her agents to star in 'Bound' and finding Corky's look in San Francisco lesbian barsJennifer Tilly and Gina Gershon in "Bound." I was hesitant to take on any role coming off of "Showgirls," just because, honestly, I was pretty burnt out. When the script for "Bound" was sent to us, my agents were pretty clear saying, "Listen, you are not doing this movie. On her 'Showgirls' PTSD and why she's come around on the movieGina Gershon in "Showgirls." I'm really into it."

Persons: Gina Gershon, —, It's, Gershon, Louie, who's, she's, Paul Verhoeven's, Corky, Jennifer Tilly's femme, Violet, Jennifer Tilly, Lana, Lilly Wachowski, They've, I've, Susie Bright, Jennifer, Tilly, Susie, couldn't, I'm, Let's, Elizabeth Berkley's, Lili Anolik, Paul, Verhoeven, Chekhov, I'd, That's, you've, she'd, Matthew McConaughey, Joe, Matthew McConaughey's, Tracy Letts, William Friedkin, Billy wasn't, Billy, Matthew, Nicolas Cage, Nicolas, John Woo …, John Woo, Nick Cassavetes, John, Jason Guerrasio, Cate Blanchett, Jamie Lee Curtis, Kevin Hart Organizations: Business, Pride, LD Locations: San Francisco

☆ The West is finally giving Ukraine a shot at 'cutting the head off the snake' rather than making it wait for Russia to strike
▼ + stars: | 2024-07-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +10 min

Russia launches many of its drone and missile attacks from within its own borders, and it amasses troops and equipment at home for offensive pushes into Ukraine. But for a long time, Ukraine could only turn to options like long-range drones to go after targets in Russia. De Bretton-Gordon noted that many Russian missile and drone attacks are launched from Russia itself. Russia initiated a new offensive against Kharkiv on May 10, launching deadly missile attacks and slowly pushing its military forward. Ingram agreed, saying that in Kharkiv, Ukraine's new permissions have "made a huge difference.

Persons: —, It's, Hamish de Bretton, Gordon, de Bretton, Bretton, George Barros, it's, Barros, Philip Ingram, weren't, Michael Clarke, John Hamilton, Volodymyr Zelenskyy, ISW, Kostiantyn Liberov, Ingram, Cancian Organizations: Service, Business, NATO Chemical, Nuclear, Army Tactical Missile Systems, Russian, Getty, Russian Defense Ministry, British Army, Army Tactical Missile System, Kharkiv, Associated Press, Artillery Rocket Systems Locations: Ukraine, Russia, West, Kharkiv, Russian, Anadolu, British, Belgorod, Russia's, Crimea, Ukrainian

WASHINGTON — After he gave his State of the Union speech in March, President Joe Biden seemed to have quieted persistent fears that, at 81, he was no longer up to the job. But a Democratic lawmaker who shook hands with Biden in the House chamber that night was troubled by his appearance. Biden's poor showing at the debate with Donald Trump last week threatens to end his campaign just four months before the election. A third Democratic lawmaker said that in recent months, Biden looked "exceedingly tired" when the two were together. Yet the interview comes eight days after Biden's appearance onstage with Trump — time enough for perceptions of his poor performance to calcify.

Persons: Joe Biden, Donald Trump's, WASHINGTON —, Biden, Donald Trump, who've, they've, Ronald Reagan, —, Sen, Chris Coons, he's, Coons, " Coons, I've, who've vouched, Gerry Connolly, " Connolly, Connolly, Reagan, it's, I'm, You've, It's Organizations: U.S, Supreme, Republican, White, WASHINGTON, Democratic, Air Force, Trump, Biden, White House, Joint Chiefs, Staff, Los Angeles Times, Army Rangers, Omaha, ABC Locations: Washington , U.S, D, France, Paris, Pointe du Hoc

☆ Putin and Kim Jong Un are getting alarmingly close, and it's put US ally South Korea in a predicament
▼ + stars: | 2024-07-04 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Read previewRussia and North Korea's newfound friendship has left key US ally South Korea in a predicament with few good options. Last month, Russian President Vladimir Putin visited Pyongyang, where he and North Korean leader Kim Jong Un further strengthened their partnership. SEOUL, SOUTH KOREA: A TV at Yongsan Railway Station shows North Korea's fired Hwasong-18 solid-fuel intercontinental ballistic missile (ICBM). Russian President Vladimir Putin and North Korea's leader Kim Jong Un drive a Russian Aurus limousine during their meeting in Pyongyang, North Korea. With Putin supporting North Korea, tensions are higher between Pyongyang and Seoul, and the two could find themselves on the brink.

Persons: —, Vladimir Putin, Kim Jong, Korea's, KIM Jae, Sue Mi Terry, Putin, he's, Victor Cha, they've, Cha, Terry, what's, Caesar, LIONEL BONAVENTURE, Kim Organizations: Service, North, Business, SOUTH, Getty, Council, Foreign Relations, South Korean, Ukraine, KCNA, Reuters, Center for Strategic, International Studies, Putin Locations: Russia, North, South Korea, Seoul, Ukraine, North Korea, Russian, Pyongyang, SEOUL, SOUTH KOREA, Yongsan, Korea, North Korean, Moscow, Asia, Poland, Ukrainian, Tarbes, France, Kyiv, China, United States

☆ Confessions from 5 women who've dated men in finance
▼ + stars: | 2024-07-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +14 min

Read previewLast week, I went looking for women dating men in finance. Here, five women with firsthand experience dating a man in finance share their experiences. Some women dating men with demanding jobs discussed the challenges, from getting stood up due to work running late and endless conversations about golf and money. AdvertisementShe said she understands why people trying to pursue relationships with men in finance might wonder: "Does this guy even like me? He's been 'saving' his entire life for meAniesia Williams — a 43-year-old entrepreneur and chief client officer for a tech firm Epigen — had little experience dating men in finance.

Persons: —, Megan Boni, Boni, David Guetta, Finance Bro, Boni's TikTok, They're, Cristina Vanko gravitates, Vanko, Goldman Sachs, Spencer Platt, bro, Weren't, they've, Bro, Bob Thomas, Getty, Summer, she's, hasn't, it's, TikTok, He's, Aniesia Williams, Epigen —, Williams, Dennis Morrow, Morrow, Aniesia Williams Williams Organizations: Service, Trust, Business, Finance, League, Labor Statistics, JPMorgan, Getty, Rolex, Washington DC, Hamptons, BI, Bank of America Locations: Patagonia, United States, NYC, Berlin, Los Angeles, Chicago, Boston, Washington, Bumble, Raleigh , North Carolina, Charlotte, Raleigh

☆ Trump, Republicans really want Biden to remain the Democratic nominee
▼ + stars: | 2024-07-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Read previewFor most of President Joe Biden's White House tenure, Republicans have floated theories about the president's health and cast doubt on the veteran Democrat's leadership. Biden sought to use the debate to gain some momentum in a race that for weeks showed him tied with Trump in national polls. In the weeks leading up the Democratic National Convention in Chicago, this is not where the Biden campaign thought it'd be. But the former president is not in the clear in the eyes of the public, despite this week's Supreme Court ruling. Should Biden step aside, a more popular Democrat — backed by a party itching to defeat Trump again — could easily dispatch the former president in November.

Persons: —, Joe Biden's, Donald Trump —, Biden, Trump, Biden's, Roe, Wade, they've, it'd, Mike Howell, Kamala Harris — who'd Organizations: Service, Republicans, Business, Trump, USA, Suffolk University, The New York Times, Siena College, Capitol, Democratic National Convention, Democratic, The Washington Post, Republicans pummeled Democrats, Biden, Daily Locations: Washington, Chicago

☆ The pool party’s over as Americans ease up on backyard upgrades
▼ + stars: | 2024-07-04 | by ( Davis Giangiulio | ) www.cnbc.com time to read: +5 min

Americans will be splashing around this summer in the backyard pools they've already got, but not splashing out as much on new ones. Swimming pool installations were part of the home improvement frenzy that swept the country during the pandemic as Americans were stuck at home. Pool Corp., a national pool equipment distributor with a roughly $11 billion market valuation, said last week it expects new pool construction to fall by 15% to 20% this year. But businesses that rely on Americans' appetite for home upgrades are still adjusting to leaner times — including pool builders. In Arizona, Ast said, "the lines get blurred a little bit between luxury and need in the middle of the desert."

Persons: Skip Ast, wasn't, Scott Payne, Payne Organizations: Pool Corp, Shasta, Airlines, Analytics, Ast, Corp Locations: Phoenix, Hatfield , Pennsylvania, Shasta, Arizona

☆ Google employees react to facial-recognition security being tested at one of its campuses
▼ + stars: | 2024-07-03 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewGoogle is testing a new security system that uses facial-recognition technology at its campus in Kirkland, Washington — and early reaction from Google employees in the US is mixed. The interior security cameras collect facial data and are designed to help prevent unauthorized individuals from entering Google's campus, the company said. Google said its security team uses the data to identify people who may pose a security risk. After news of the system was first reported by CNBC, Business Insider talked to Google employees at various campuses to find out what they thought about the change. A Google spokesperson said there were no known plans in place to use the security system for attendance tracking.

Persons: —, Kirkland , Washington —, Kirkland, it's, they've, Chris Rackow Organizations: Service, Google, Business, CNBC, Kirkland, Google's, Amazon, National Labor Relations Board, YouTube Locations: Kirkland , Washington, Google's, Kirkland, New York, San Francisco, Google's New York, Sunnyvale, San Bruno , California, Mountain View , California

☆ We were child-free and lonely, so we started a walking group for other women — and 80 people showed up
▼ + stars: | 2024-07-03 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

But, like many child-free women, they'd prefer if the conversation at gatherings wasn't always focused on babies and weddings. "How do you meet people your age if you don't have kids and you don't meet people through that group?" At the first Women Who Walk event in September 2023, 80 women showed up. In the US in 2022, there were 21.9 million women aged between 20 and 39 who did not have children, which is 4.7 million more women than anticipated, according to the Carsey School of Public Policy. For this reason, Curthoys and Collins never expected the women who joined up to be so vulnerable immediately.

Persons: —, Lisa Collins, Sophie Curthoys, Collins, everyone's, That's, Curthoys, it's, Gen Zers Organizations: Service, Business, US National Center for Health Statistics, Carsey School of Public, BI, WSJ Locations: St Albans, Guildford, Brighton

☆ Two luxury rivals are joining forces — and Amazon is getting in on the action
▼ + stars: | 2024-07-03 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

In a deal that shows just how hard things are getting in the luxury retail space, Saks Fifth Avenue's parent is purchasing rival department store company Neiman Marcus for $2.65 billion, The Wall Street Journal reported. Amazon — which has long tried to boost its luxury offerings as part of its "everything store" concept — and Salesforce are getting in on it, too, with both taking minority stakes in the new company, Saks Global. As e-commerce and the power of luxury conglomerates like LVMH and Kering have grown, department stores are facing diminishing returns. If not, rather than schlep back to the department store, why not go straight to the source, the Loewe boutique? It also makes the new company's leader — Marc Metrick, who runs Saks' e-commerce business — a natural choice.

Persons: Neiman Marcus, Taylor, Macy's, Bergdorf Goodman, Porter, Loewe, — Marc Metrick, Louis Vuitton, Gucci, Saint Laurent, Kering, Neimans, They've, Bernard Arnault's LVMH Organizations: Service, Saks Fifth, Street Journal, Saks Global, Loewe, Saks, Dior Locations: New York

☆ Democrats are ironically declaring their support for Kamala Harris on social media
▼ + stars: | 2024-07-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Related storiesA CNN poll released on Tuesday also found that Harris performed better than Biden in a hypothetical match-up with Trump. Hillary must be so mad — Mr. Chau (@Srirachachau) July 2, 2024For some newly minted Harris supporters, the feeling is genuine. Among them is Chi Ossé, a New York City Councilor who's called on Biden to drop out and posted a sizzle reel of Harris with the caption "coconut tree summer" on Wednesday. AdvertisementIn fact, many of the X users who are tweeting their support for Harris aren't exactly the vice president's biggest fans. You think you just fell out of a coconut tree?'"

Persons: —, Kamala Harris, Joe Biden's, Biden, Harris, I’ve, — Carter Christensen, Jim Clyburn, Brandon, Kamala, Hillary, They've, Chi Ossé, who's, Harris aren't, They're Organizations: Service, Business, Democratic, Biden, CNN, Trump . Rep, South Carolina Democrat Locations: New York

☆ Elon Musk and Tesla are on the rise after a brutal start to the year
▼ + stars: | 2024-07-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, a tough sales report for Tesla can't slow the EV maker's turnaround . After a dreadful start to the year, the EV maker has been running on all cylinders on a full charge. Tesla's polarizing CEO also notched a massive victory when investors approved Elon Musk's $55 billion pay plan . But what is new at Tesla, and what sparked the company's recent market rally, are big promises from its CEO. As automakers reconsider their EV strategy , Tesla has figured out how to build cars cheaper than anyone else .

Persons: —, I'm, Tesla, Jordan Strauss, Chelsea Jia Feng, Insider's Nora Naughton, BI's Filip De Mott, hasn't, Karol Serewis, Musk's, Nora, it's, he's, Musk, Apu Gomes, Steve Cohen's Point72, Ken Griffin's, Mark O'Hare, Larry Fink, execs, Marc Benioff, trouncing, It's, Jenny Chang, Rodriguez, they've, Morgan Stanley, Beryl, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, Chelsea, Wall, Elon Musk's, Getty Images, Getty, Ken Griffin's Citadel, BlackRock, EU, Google, YouTube Locations: Wick, Jamaica, New York, London

☆ Why the Price of Wood and Lumber Keeps Changing
▼ + stars: | 2024-07-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

And then there was lumber mania, when lumber prices soared to records. After peaking in spring 2021, lumber prices briefly collapsed before jumping back up to $1,400 in early 2022. Paul Jannke, a principal at Forest Economic Advisors, said this housing-market malaise is a big problem for the lumber industry. While those in the lumber industry may not be having a fantastic time, if you're in the market for lumber, it's a good time to buy. Jannke said that while the lower lumber prices hadn't resulted in lower housing costs, "homebuilder margins are at or near record levels."

Persons: Stinson Dean, Deacon Lumber, they've, Dustin Jalbert, RISI, Jalbert, they're, Paul Jannke, Jannke, It's, Dean, Robert Dietz, They've, Dietz, They're, Emily Stewart Organizations: Federal, Forest Economic Advisors, Housing, National Association of Home Builders, Business Locations: British Columbia, China, Canada

☆ Replacing Biden with anyone but Harris would be a real headache for Democrats
▼ + stars: | 2024-07-03 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

That's because she shares a campaign committee with Biden, Ghosh said. Or, in yet another version of the future, the Biden campaign could transfer the funds to the national party. Rep. James Clyburn of South Carolina, whose backing helped Biden win the state's 2020 primary, has said he would want Harris if Biden drops out. AdvertisementIn Washington, where the optics are never far out of sight, it would be impossible to ignore passing over the first female vice president for a man, or the first Black vice president for a white candidate. AdvertisementAlready, Republicans are preparing for a potential Harris bid should she get the nomination and, with it, the campaign money.

Persons: —, Joe Biden, Kamala Harris, Biden, Harris, Saurav Ghosh, Ghosh, there's, James Clyburn of, it's, Clyburn, Gavin Newsom, Gretchen Whitmer, Whitmer Organizations: Service, Wednesday, Associated Press, Business, Democratic Party, AP, Biden, NBC, Democratic, Rep, MSNBC, Black, Michigan, Republican National Committee Locations: James Clyburn of South Carolina, Washington, California

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