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☆ I've always been curious to go skydiving and finally tried it at 60. I enjoyed it, but I won't go again.
▼ + stars: | 2024-09-29 | by ( Jackie Fishman | ) www.businessinsider.com time to read: +6 min

AdvertisementThe day of the jump arrived, and I was excited but nervousWe arrived at the West Point Skydiving facility near West Point, Maryland, in the early fall morning as instructed. We were scheduled on the last flight since we were the only tandem jumpers. We were strapped to the front of the bodies of our tandem jump partners, experienced jumpers who would wear the parachutes and oversee our adventure. Courtesy of West Point SkydivingThe rushing air prevented me from looking down at the approaching ground. AdvertisementShortly after we landed, I saw one of the solo jumpers land.

Persons: I've, —, we'd, Jackie Fishman Organizations: Service Locations: Buffalo , New York, West Point , Maryland, Chesapeake Bay

☆ Side-by-side images from the James Webb and Hubble space telescopes show why NASA spent 25 years and $10 billion on the Webb
▼ + stars: | 2024-09-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Read previewNASA's James Webb Space Telescope floored astronomers and spectators across the globe when it released its first full-color images. Even those preliminary snapshots revealed countless stars, galaxies, and fine details that hadn't been seen before. A side-by-side collage of the same area taken by Hubble and the James Webb Space Telescope in its very first image. In the JWST image, you can see galaxies in the background that were invisible to HubbleA few galaxies that are clearly visible in the JWST image, but not the Hubble image. The JWST image also revealed the stellar nurseries created as galaxies mergeThe JWST image shows a region of gas compressed between merging galaxies.

Persons: —, James Webb, Webb, Joseph DePasquale, JWST, hadn't, Eric Smith, Hubble, STScI Webb, Mark McCaughrean, McCaughrean, Amber Straughn, Jane Rigby, we've Organizations: Service, Business, NASA, ESA, CSA, Hubble, James Webb Space, Hubble Heritage, European Space Agency Locations: JWST

One out of 4 of the 31,000 homeowners in the coastal parish live there without homeowners insurance — one of the highest percentages in the United States. Across the country, 13.4% of homeowners — about 1 in 8 — are unprotected by homeowners insurance, according to an NBC News analysis of new Census Bureau data. It’s a double-edged sword.”The Census Bureau data shows how many homeowners pay less than $100 — or nothing at all — for homeowners insurance. According to the Census Bureau survey, which was taken in 2023, 20.8% of homeowners without mortgages also lack meaningful homeowners insurance. Among mortgage-holders, 8.5% don’t have meaningful homeowners insurance — and while banks require owners with mortgages to have homeowners insurance, gaps in coverage do happen.

Persons: Hurricane Francine, “, ”, Shannon Martin, you’re, Martin, ” Martin, Mark Friedlander, ” Friedlander, There’s, Daryl Fairweather, Redfin’s, ” Fairweather Organizations: NBC, Bankrate, Insurance Information Institute, “ Insurance Locations: Louisiana’s Terrebonne Parish, United States

☆ Two charged with stealing Banksy artwork 'Girl with a Balloon' from London gallery
▼ + stars: | 2024-09-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +2 min

LONDON — Two alleged art thieves will appear in court in London next month accused of stealing “Girl With Balloon,” a famous painting by the mysterious British street artist Banksy. Larry Fraser, 47, from east London, and James Love, 53, from Essex, were both charged with non-residential burglary and placed in police custody on Thursday. The artwork — which shows a little girl letting go of, or perhaps reaching out for, a heart-shaped balloon — was stolen from a gallery in central London on Sept. 8 at 11:00 p.m, police said. The painting was the only item stolen and police said it had been recovered and would be returned to the gallery. The latest artworks from Banksy were a series of animal paintings dotted around London last month.

Persons: Banksy, Larry Fraser, James Love Organizations: London's Metropolitan Police, force's, Wimbledon, Kingston Crown, Bank, West Bank, Banksy Locations: London, London's, Essex, Kingston, Bristol, Israel's

☆ America’s stores are winning the war on shoplifting
▼ + stars: | 2024-09-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

New York CNN —A year ago, America’s stores declared a shoplifting epidemic. Target also closed nine stores, saying “theft and organized retail crime” threatened worker and customer safety and made business unsustainable. Many retailers’ merchandise losses have stabilized or improved, and chains have publicly dialed back their rhetoric. Their shrink rate — lost inventory as a percentage of sales — is their best estimate for items that go missing. The shoplifting rate in the first half of 2024 was also 10% higher than in the first half of 2019.

Persons: Target, “, Michael Fiddelke, Lindsey Nicholson, Gavin Newsom, ”, Michael Baker, DA Davidson, Donald Trump, William Blair, Walgreens ’, James Kehoe, ” Neil Saunders, “ That’s, it’s, Baker, ” Baker, David Johnston, Duane Reade, Angela Weiss, Ernesto Lopez, Edgar Dworsky, “ We’ve, ” Johnston Organizations: New, New York CNN, Target, Getty, “, DA, CNN, Companies, National Retail Federation, Criminal, Retailers Locations: New York, Queens , New York, California, New York City

☆ Mark Zuckerberg could become the richest person on the planet after a $51 billion wealth surge this year
▼ + stars: | 2024-09-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg could become the world's wealthiest person after surging up the rich list. The Meta CEO has gained $51 billion this year and recently ranked third in net worth. Go to newsletter preferences Thanks for signing up! AdvertisementMark Zuckerberg has rocketed up the ranks of the world's richest people — and could take the top spot for the first time. Zuckerberg sits in fourth place at the time of writing, behind Tesla's Elon Musk (worth $248 billion), Amazon's Jeff Bezos (worth $202 billion), and LVMH's Bernard Arnault (worth $180 billion).

Persons: Zuckerberg, Jeff Bezos, —, Mark Zuckerberg, Tesla's Elon Musk, LVMH's Bernard Arnault Organizations: Elon, Service, Meta, Facebook, Bloomberg, Business

☆ Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says.
▼ + stars: | 2024-08-08 | by ( Jessica Dickler | Jessica Dickler Is A Personal Finance Writer For Cnbc. | ) www.nbcnews.com time to read: +2 min

Credit card debt is on the rise. Over the last year, roughly 9.1% of credit card balances transitioned into delinquency, the New York Fed reported. The average credit card charges more than 20% — near an all-time high. “With credit card balances at an all-time high and the average credit card rate hovering near record territory, it’s more important than ever to pay down this debt as soon as possible,” Rossman said. If you’re carrying a balance, try consolidating and paying off high-interest credit cards with a lower interest personal loan or switch to an interest-free balance transfer credit card, he advised.

Persons: TransUnion, ”, Michele Raneri, “, Ted Rossman, Bankrate, ” Raneri, ” Rossman Organizations: Federal Reserve Bank of New, New York Fed, Consumers Locations: Federal Reserve Bank of New York, TransUnion

☆ As Regulators Close In, Nvidia Scrambles for a Response
▼ + stars: | 2024-08-06 | by ( Tripp Mickle | David Mccabe | ) www.nytimes.com time to read: +1 min

Nvidia rocketed to the top of the tech industry by providing the computer chips essential to building artificial intelligence. By the end of last year, it had more than a 90 percent share of those chips sold around the world. Nvidia wasn’t ready for the attention, and is now racing to build the staffs and offices needed to respond. Just last year, Nvidia started searching for an office in Washington and hired four public policy employees. And it has begun developing a strategy to respond to government interest.

Persons: Nvidia rocketed, Nvidia wasn’t Organizations: Nvidia, European Union Locations: Britain, China, Washington

The top contenders to be Kamala Harris’ running mate got to this point, in part, by battling Donald Trump. Now, one of them is likely to become the vice presidential nominee on the Democratic ticket aiming to thwart his comeback bid. Pete Buttigieg rose from obscurity to play a central role in the 2020 Democratic presidential primary. Andy Beshear, who is also in the mix for Harris’ running mate position. One way or another, Trump played a big role creating the cast of characters that could complete the Democratic ticket he’s facing this year.

Persons: Kamala Harris ’, Donald Trump ., Harris ’, MAGA, Trump, don’t, Harris, “ Trumpism, ”, Jesse Ferguson, Hillary Clinton’s, isn’t, Kamala Harris, ” Trump, Karoline Leavitt, Josh Shapiro, Trump’s, Dan Gleiter, Shapiro, Sen, Doug Mastriano, Mastriano, Mark Kelly, Kelly, Joe Biden, Republican Blake Masters, Tim Walz, belittling Trump, Pete Buttigieg, Anthony Lanzilote, Biden, JB Pritzker, belittled Trump, Bruce Rauner, Andy Beshear, Beshear, Roe, Wade Organizations: Democratic, Trump, U.S . Capitol, Navy, Republican, Minnesota Gov, Bloomberg, New, Biden —, Illinois Gov, GOP Locations: Pennsylvania, Washington, Arizona, South Bend , Indiana, Iowa, Trump and Illinois, Kentucky

☆ Novak Djokovic beats Carlos Alcaraz to win Olympic gold and career Golden Slam
▼ + stars: | 2024-08-04 | by ( Matthew Futterman | James Hansen | ) www.nytimes.com time to read: +12 min

Relive how Novak Djokovic won Olympic gold against Carlos Alcaraz with game-by-game live coverage from the matchPARIS — Novak Djokovic beat Carlos Alcaraz 7-6(3), 7-6(2) in the men’s singles Olympic final at Roland Garros in Paris on Sunday. Djokovic won in four. GO DEEPER Novak Djokovic and Carlos Alcaraz meet in a Wimbledon final duel of the extraordinaryThe first set lasted 93 minutes. After the Wimbledon final, Djokovic was largely sanguine about how soundly he had been beaten, saying Alcaraz was simply better in every department. It was a confidence and a quality not seen since that French Open final in 2023 and perhaps the US Open final in the same year.

Persons: Novak Djokovic, Carlos Alcaraz, PARIS — Novak Djokovic, Roland Garros, Alcaraz, Matt Futterman, James Hansen, Djokovic, Philippe, Chatrier, Miguel Medina, Novak, crunching forehands, Patricia de Melo Moreira, deuce, hadn’t, Lorenzo Musetti, Thibaud Moritz, ” Djokovic, “, Jelena's, ”, Roger Federer, Alex de Souza, Carlos, Rafa, Spain …, Matthew Stockman Organizations: Olympic, PARIS, Djokovic, Wimbledon, Games, Getty, Cincinnati, Olympics, U.S, Serbia, Spain Locations: Paris, AFP, Alcaraz

☆ Opinion | Israel’s Five Wars
▼ + stars: | 2024-07-30 | by ( Bret Stephens | ) www.nytimes.com time to read: +2 min

The world will soon know the shape and scale of Israel’s response to Hezbollah for Saturday’s rocket attack on a Druze town in the Golan Heights, which killed 12 children. But it’s not too soon to ask what purpose the expected retaliation will serve in the context of Israel’s five wars. Israel’s most strident critics insist that the current conflict is about Palestinian existence, about Israel’s alleged refusal to grant a Palestinian homeland. Israel agreed to a Palestinian Authority in 1993, offered a Palestinian state in 2000 and vacated the Gaza Strip in 2005. When campus protesters at Princeton chanted, “We don’t want no two states, we want ’48,” they weren’t asking for Israel to accept a Palestinian state.

Persons: it’s, Israel, Israel’s Organizations: West Bank, Hezbollah, Palestinian Authority, Princeton Locations: Golan, Israel, Gaza, Lebanon, Yemen, Iran, Palestinian

What the LIFT Act would mean todaySince the LIFT Act was first proposed in 2018, the cost of living has only sky-rocketed, hitting working-class Americans especially hard. But a tax credit like LIFT would also be extremely costly, according to Tax Policy Center estimates from 2018 and 2019. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. Focus on the child tax creditLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. The American Rescue Plan boosted the child tax credit to $3,000 from $2,000, with an extra $600 for children under age 6 for 2021, and families received up to half upfront via monthly payments.

Persons: Kamala Harris, Kevin Mohatt, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel, Tomas Philipson, Laura Veldkamp, Harris, Donald Trump Organizations: West Allis Central High School, Reuters, Georgetown University, D'Acunto, Plus, White House Council, Economic Advisers, Columbia University Business School, American Rescue Plan, Columbia University, . Census Locations: West Allis , Wisconsin

☆ Here's what a Kamala Harris administration could mean for your wallet
▼ + stars: | 2024-07-22 | by ( Cnbc.Com Personal Finance Staff | ) www.cnbc.com time to read: +8 min

Harris' visit, following the attempted assassination of former President Trump, makes this her fourth trip to Michigan this year and seventh visit since taking office. However, Harris voiced some distinctions from Biden before becoming vice president, Watson noted. The vice president plans to bring more relief to borrowers, they said. Harris proposed repealing the Trump tax cuts to pay for it. — Jessica DicklerHousingHarris has been a proponent for affordable housing policies both during her tenure as vice president and as senator.

Persons: Kamala Harris, Trump, Olivia Troye, Amanda Stratton, Harris, Chris duMond, Chris Dumond, Biden, Garrett Watson, Watson, — Kate Dore, Drew Altman, Altman, She'd, Fatima Goss Graves, Roe, Wade —, Greg Iacurci, Pell Grant, Joe Biden, Miguel Cardona, Annie, Laura Veldkamp, Veldkamp, — Jessica Dickler, May, — Ana Teresa Solá Organizations: Getty, Tax, Tax Foundation, Biden, — Kate Dore Health, Affordable, Medicaid, National Women's Law, CNBC, Current U.S . Department of Education, Corinthian Colleges, U.S . Department, Corinthian, Columbia University Business School, U.S . Department of Housing, Urban Locations: KALAMAZOO , MICHIGAN, Kalamazoo , Michigan, Michigan, North Carolina, California, U.S

☆ Stream These 6 Great Bob Newhart Performances
▼ + stars: | 2024-07-18 | by ( Noel Murray | ) www.nytimes.com time to read: +2 min

The legend of Bob Newhart, who died on Thursday at 94, holds that he was once just an ordinary Chicago accountant who honed a stand-up act in his spare time. Overnight, the story goes — almost accidentally — he became a Grammy-winning sensation with his debut album, “The Button-Down Mind of Bob Newhart,” a collection of one-man sketches in which he play-acts one half of funny conversations. Newhart worked in advertising for longer than he did in accounting; and his showbiz ambitions were never just an afterthought. He then played variations on his stand-up character in two hit sitcoms: “The Bob Newhart Show” through much of the ’70s and “Newhart,” which ran from 1982 to 1990. In doing his bits about ordinary schmoes in extraordinary situations — such as crossing paths with King Kong or consulting with Abe Lincoln — Newhart spoofs the language of American life.

Persons: Bob Newhart, —, ”, Newhart, innately, Everyman, “ Newhart, King Kong, Abe Lincoln — Newhart Organizations: Apple, Amazon Prime Locations: Chicago

☆ A trainer-heiress power couple created the fitness juggernaut Pvolve. Then came a divorce, an arrest, and Jennifer Aniston.
▼ + stars: | 2024-07-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +43 min

Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.

Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, —, Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu

☆ Elena Ferrante’s Novels Are Beloved. Her Identity Remains a Mystery.
▼ + stars: | 2024-07-12 | by ( Joumana Khatib | ) www.nytimes.com time to read: +1 min

Seemingly overnight, Elena Ferrante — or rather, the novelist writing as Elena Ferrante — found worldwide acclaim. Her novels were everywhere: You couldn’t swing a tote bag without spotting one of her pastel-hued paperbacks on the subway, at the beach, in the airport. The four novels that make up the Neapolitan quartet rocketed her to fame. Readers appreciated the nuanced relationship between the main characters, Lenù and Lila, a delicate mixture of love, jealousy and abiding loyalty. Critics zeroed in on Ferrante’s intimate attention to women’s lives, both in the Neapolitan novels and in her other books, which many writers of her generation had not considered subjects of literary merit.

Persons: Elena Ferrante —, “, Readers, Lila, Critics Locations: Naples, Italy

Supply and DemandThe case for housing deregulation starts with Econ 101: Allowing builders to significantly increase housing supply leads to much lower prices. It isn’t rising demand, as the U.S. population rose even faster back when housing prices were roughly stable. Standard of LivingWhat would happen if homebuilders could once again freely build until housing prices were driven back down to cost? The admittedly small number of studies on the link between YIMBY and babies support common sense: Less regulation lowers housing prices, and lower housing prices generally raise birth rates and hasten child-bearing. In a rational world, the panacea policy of housing deregulation would be a done deal.

Persons: Ben Denzer, Taylor, Wharton, homebuilders, Thomas Piketty’s, ”, Matthew Rognlie, Peter Ganong, Daniel Shoag, Anne Case, Angus Deaton Organizations: Republicans, Research, Area, Wharton, Francisco, Francisco Los Angeles New, Francisco Los Angeles New York Phoenix Denver Houston Dallas, Japan Japan France France Britain Britain, Japan Japan France France Britain Britain Canada, → Utah Nevada Arizona New, San, San Francisco New, Atlanta Houston Boston, Democrats, Republican Locations: Minnesota , Oregon, California, New York City, Houston, Dallas, Francisco Los, Francisco Los Angeles New York, Wharton, United States, Japan, France, Britain, Canada, U.S, Japan Japan France France, Japan Japan France France Britain Britain Canada Canada, Bay, Dodge, → California Nevada Florida New York Arkansas, → Utah Nevada Arizona, → Utah Nevada Arizona New York West Virginia, Washington, San Francisco, San Francisco New York Los Angeles Rochester, N.Y, Atlanta

☆ These retail traders lost big in the first meme stock episode. Here's why they won't stop betting on GameStop.
▼ + stars: | 2024-06-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

GameStop stock is still the fascination of day traders, even after many saw big losses in 2021. The allure of striking it rich on the meme stock is too great to ignore, traders told BI. Business Insider spoke with retail traders, who asked to use only their first name for privacy, about how past losses are impacting their decision to go long GameStop again. Still, he couldn't help himself from scooping up more GameStop shares when the stock rocketed higher this year. Advertisement"I dabbled a little bit with this current uptrend, certainly nowhere near the levels I was putting in before.

Persons: they're, —, Keith Gill —, Dan, couldn't, Brian, I've Organizations: GameStop, Service, Business, lotto Locations: Reddit, Gill's, California

☆ 26 growing cities where homes are getting more affordable
▼ + stars: | 2024-06-21 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Affording a home has been a Herculean challenge in recent years due to rising property prices and stubbornly high mortgage rates. That means only 20% of the markets surveyed have homes selling for under half a million dollars and are also getting more affordable. 26 growing cities where home prices are downSince cities with falling home prices are relatively rare, homebuyers might assume that those markets are getting cheaper because they're becoming less popular. However, there are over two dozen markets where property prices have fallen in recent years despite enjoying an influx of residents, according to Zoocasa's new report. AdvertisementThat leaves 26 markets where home prices are down despite sizable population growth.

Persons: — Organizations: Service, homebuyers, Business, National Association of Realtors, Bureau Locations: West, Texas, Arizona

☆ RV sales are picking up. That’s a good sign for the economy
▼ + stars: | 2024-06-16 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

When consumer sentiment falters or the economy starts to teeter, RV sales follow suit, said Michael Hicks, an economics professor at Ball State University and director of Indiana University’s Center for Business and Economic Research. “People don’t make these large, luxury purchases unless they’re actually feeling better about the economy,” said Hicks, who follows the RV industry closely. “It’s so sensitive to interest rate changes, which often precede a downturn.”A Winnebago travel trailer at Motor Sportsland RV dealership in Salt Lake City on April 6, 2020. Nika Shneyder and her father and business partner, Alex Shneyder, standing by a Chill RV in Malibu RV Park, California, in 2019. They moved down to a historically strong, but noticeably smaller, 493,000 the next year, according to data from the RV Industry Association.

Persons: That’s, Nika Shneyder, “ We’re, ” Shneyder, “, Michael Hicks, ”, Hicks, George Frey, bode, ” Michael J, Happe, hasn’t, We’ve, we’ve, Covid, Alex Shneyder, Nika, they’d, Monika Geraci, David Titus, Ty Wright, there’s, Ball State’s Hicks, ’ Titus, they’re, we’ll, Titus, ” Titus Organizations: CNN, Ball State University, Indiana University’s Center for Business, Economic Research, Bloomberg, Getty, Winnebago Industries, RV Industry, Dealers, RVs, Consumers, HL Enterprise, Manufacturing, of Labor Statistics Locations: Los Angeles, teeter, Salt Lake City, YOLO, Malibu, , California, Elkhart , Indiana, The Northern Indiana, South Bend, Elkhart, “, Elkhart .

☆ How Elon Musk's massive pay package stacks up against other CEOs
▼ + stars: | 2024-06-13 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

The results of the Tesla shareholder vote on Elon Musk's pay package will be announced Thursday. And if the pay package does eventually get approved, it's hard to know exactly how much it will be worth when Musk, who is worth $198 billion, per Bloomberg, actually exercises the options. Musk's pay package was worth $2.3 billion when it was granted to him in 2018, though its value has sky-rocketed as the stock ballooned and the various tranches of options vested. "When you start seeing someone making a couple hundred million — $250 million, $220 million — it seems that's when questions and media coverage starts to happen," Schloetzer said. AdvertisementTo put Musk's pay package into perspective, we compared it to those of other CEOs.

Persons: Musk, Tesla, Jason Schloetzer, it's, hasn't, Schloetzer Organizations: Service, Elon, Barclays, Kering, Business, Georgetown University's McDonough School of Business, Bloomberg Locations: Delaware, Iceland, Paraguay

☆ Stock market today: Stocks edge higher to close at a record after upbeat producer inflation data
▼ + stars: | 2024-06-13 | by ( Max Adams | Filip De Mott | ) www.businessinsider.com time to read: +3 min

US stocks ended mostly higher on Thursday as investors were encouraged by new inflation data. Data showed wholesale inflation rose less than expected in May, a day after CPI showed consumer inflation also slowed. Tesla shares jumped ahead of the results of Elon Musk's pay package vote, while Broadcom soared after earnings. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meanwhile, Broadcom stock rocketed higher on upbeat earnings and the announcement of a 10-for-1 stock split.

Persons: —, Bill Adams, Elon Musk Organizations: Elon, Broadcom, Service, Federal Reserve, Traders, Bureau of Labor Statistics, Fed, Comerica Bank, BlackRock, Vanguard, Bank of America, Nvidia, Here's

☆ Opinion: The G7 ‘family photo’ of world leaders tells a bigger story
▼ + stars: | 2024-06-13 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +9 min

CNN —The annual G7 summit, a gathering of leaders of some of the world’s wealthiest democracies, used to be a staid, predictable affair. Tensions were about to explode in 2018, when G7 leaders met in Canada. Behind the smiles and waves, a fraught 2018 G7 summit in Canada. German Chancellor Angela Merkel deliberates with US president Donald Trump on the sidelines of the 2018 G7 summit in Canada. German Chancellor Angela Merkel chats with a relaxed US President Barack Obama outside during the 2015 G7 summit in southern Germany.

Persons: Frida Ghitis, Read, Joe Biden, Pope Francis, Volodymyr Zelensky –, —, Donald Trump, Justin Trudeau, Cole Burston, Trump, Angela Merkel, Merkel, Angela Merkel deliberates, Jesco Denzel, Barack Obama, Michael Kappeler, George W, Bush, backrub, Vladimir Putin, Putin, Covid, ” Biden, ” Macron, Boris Johnson, Ludovic Marin, Biden, Emmanuel Macron’s, autocrats, Lady Melania Trump, Trudeau, Andrew Parsons, Giorgia Meloni, ” Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, European Council, Canadian, Bloomberg, Trump, Getty, Deutschland, Kremlin, Parliamentary, United, Brothers Locations: Puglia, Italy, Canada, France, Germany, Japan, Bavarian, AFP, St Petersburg, Russia, Russian, St . Petersburg, Handout, Crimean, Washington, United States, British, Ukraine, Biarritz, Italian, Europe

☆ TikToker Miranda Derrick says she has received death threats over 'Dancing for the Devil'
▼ + stars: | 2024-06-11 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewTikTok dancer Miranda Derrick said she and her husband, James Derrick, have been sent death threats as a result of Netflix's "Dancing for the Devil: The 7M TikTok Cult." The controversy surrounding Derrick and Shekinah Church was originally brought to public attention when Derrick's sister, Melanie Wilking, made a viral video in 2021 claiming she lost touch with Derrick due to the church. AdvertisementShinn and Shekinah Church were placed under more scrutiny after the docuseries was released on May 29, and it rocketed straight to the top of Netflix's most-watched list. In a video posted to Instagram on Monday, Derrick said that some viewers have started sending her death threats because "Dancing for the Devil" depicted the couple negatively. In the documentary, Derrick's sister and parents claim that she abandoned them because of the church.

Persons: —, Miranda Derrick, James Derrick, Robert Shinn, Derrick, Derrick's, Melanie Wilking, Shinn Organizations: Service, 7M Films Inc, Business, Shekinah Locations: Shekinah

☆ Cathie Wood's ARK Invest missed out on more than $1 billion in returns by selling Nvidia stock too early
▼ + stars: | 2024-06-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Cathie Wood's decision to sell more than 1 million shares of Nvidia came as the stock rocketed to astronomical highs. Ark Invest has missed out on more than $1 billion in returns by selling Nvidia stock too early. Ark Invest sold 859,000 Nvidia shares in the fourth quarter of 2022, when the stock was trading below $150 per share. In the first quarter of 2024, ARK Invest continued to pare down its Nvidia stake, selling 81,239 shares. ARK Invest has redeployed its proceeds from selling Nvidia stock into other potential AI companies, though few of those investments have panned out.

Persons: Cathie, —, ChatGPT, Wood, pare, it's Organizations: Nvidia, Invest, Ark Invest, Service, Securities and Exchange Commission, CNBC, ARK Invest, Wall Street

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