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The tour began outside the mansion, where our guide spoke about the three families that owned the property: the Pauldings, the Merritts, and the Goulds. The side of Lyndhurst Mansion. Talia Lakritz/Business InsiderIn 1836, former New York City mayor William Paulding and his wife, New York real-estate heiress Maria Rhinelander Paulding, purchased the land overlooking the Hudson River to build a summer home. In 1864, the Pauldings' son sold the mansion to George Merritt, who made his fortune as the patent holder of a rubber spring used in railroad cars, and his wife, Julia. After her death, Anna left the Lyndhurst estate to the National Trust for Historic Preservation, which manages the site today.
Persons: Talia Lakritz, William Paulding, Maria Rhinelander, Alexander Jackson Davis, George Merritt, Julia, Davis, Jay Gould, Helen Day Miller, Helen Gould, Anna Gould, Anna Organizations: National Trust for Historic Preservation Locations: Lyndhurst, New York City, New York, Maria Rhinelander Paulding, French
Approximately 2 million people are expected to graduate from college in 2024, according to the National Center for Education Statistics. Data analysts on Upwork charge as much as $167 per hour. Given the constant development of technology, demand for full stack development "isn't going away," says Lilani. Like full stack development and given the prevalence of these platforms, "social media marketing is another one that's not going away," Lilani says. Accountants on Upwork charge as much as $125 per hour.
Persons: Margaret Lilani, Vicki Salemi, they're, Salemi, Lilani, That's Organizations: National Center for Education Statistics, Microsoft, Social
Tim Cook has delivered at least seven commencement addresses since becoming the chief executive of Apple. The superstar Taylor Swift, whose concerts have been credited with lifting local economies, addressed New York University’s graduation ceremony in 2022. Bill Gates, Oprah Winfrey, Jamie Dimon — they’ve all given graduation speeches more than once. The appeal of being a commencement speaker, however, seems to be waning. Just three Fortune 50 chief executives appear to be commencement speakers this year, as colleges have faced campus protests over the war in Gaza, student arrests and wealthy alumni threatening to break ties with their alma maters over antisemitism.
Persons: Tim Cook, Taylor Swift, Bill Gates, Oprah Winfrey, Jamie Dimon —, They’re, , David Murray Organizations: Apple, Fortune, Professional Speechwriters Association Locations: New, Gaza
Caleb Carr, Author of Dark Histories, Dies at 68
  + stars: | 2024-05-24 | by ( Penelope Green | ) www.nytimes.com   time to read: +1 min
Caleb Carr, a military historian and author whose experience of childhood abuse drove him to explore the roots of violence — most famously in his 1994 best seller, “The Alienist,” a period thriller about the hunt for a serial killer in 19th-century Manhattan — died on Thursday at his home in Cherry Plains, N.Y. The cause was cancer, his brother Ethan Carr said. Mr. Carr had first pitched the book as nonfiction; it wasn’t, but it read that way because of the exhaustive research he did into the period. And he peopled his novel with historical figures like Theodore Roosevelt, who was New York’s reforming police commissioner before his years in the White House. Up to that point, Mr. Carr had been writing, with modest success, on military matters.
Persons: Caleb Carr, , Ethan Carr, Carr, Theodore Roosevelt, Jacob Riis, James Chace Organizations: Quarterly Locations: , Cherry Plains, N.Y, American, Chinese
Read previewThe Ambanis are continuing their glitzy pre-wedding celebrations with another set of festivities. This story is available exclusively to Business Insider subscribers. Meta CEO Mark Zuckerberg and Priscilla Chan, Microsoft cofounder Bill Gates, and Ivanka Trump also turned up for the events. Mark Zuckerberg and Priscilla Chan at the March pre-wedding party. Representatives for the Ambanis at Reliance Industries did not immediately respond to a request for comment from Business Insider.
Persons: , Anant Ambani, India's, Mukesh Ambani, Radhika Merchant, Shah Rukh Khan, Ranbir Kapoor, Alia Bhatt, Rihanna, Mark Zuckerberg, Priscilla Chan, Bill Gates, Ivanka Trump, Zuckerberg, Chan, Alexander McQueen, Gautam Adani Organizations: Service, Business, Meta, Microsoft, Fortune, Reliance Industries, Bloomberg Locations: Italy, France, Deccan Chronicle, Gujarat
Read previewBarry Sternlicht became a real estate billionaire by snapping up commercial properties on the cheap during market downturns. The 63-year-old Miami-based executive, who built his firm Starwood Capital into a more than $100 billion real estate investment behemoth, has now found himself on the flipside of that formula. The situation is a reversal of fortune for Sternlicht, who is more used to capitalizing on real estate dips than becoming entangled in them. But investor sentiment darkened as interest rates rose and put pressure on real estate asset values. "They're concerned that there may be more markdowns in net asset value if interest rates stay higher for longer.
Persons: , Barry Sternlicht, SREIT, Sternlicht, Matt Malone, REITs, Malone, Kevin Gannon, Gannon, Jon Mechanic, Fried Frank, Mechanic, Barry Organizations: Service, Starwood Capital, Starwood, Income Trust, Business, Federal Reserve, Shareholders, Westin, Caesars, Opto Investments Locations: Miami, Vegas, SREIT
The annual Texas Republican Convention started Thursday in San Antonio, and culminated with George's election as party chair. Verizon , Comcast and Union Pacific sponsored the 2020 Texas Republican convention, according to The Texas Tribune. Pepsi and Chevron were sponsors of the 2022 Texas Republican convention, but they are not backing this year's event. The fight over corporate money also bubbled up in the election that George won on Friday, to lead the state party. This team "wears that as a badge of honor," he said, before the new chair of the state party was elected.
Persons: Greg Abbott, Donald J, Trump, Abraham George, George, Matt Mackowiak, Mackowiak, Griffin Perry, Rick Perry, Perry Organizations: Texas, Weslaco Department of Public Safety, Republican Party of Texas, America, RPT, Texas Republican, Fortune, Verizon, Comcast, Union Pacific, The Texas Tribune, Pepsi, Chevron, Veteran, GOP, Republican, Texas Gov, CNBC Locations: Mexico, Weslaco , TX, Texas, San Antonio
The Shanghai-based company reported Wednesday that net profit soared 246% to 28 billion yuan ($3.9 billion) in the first quarter of 2024, more than double the average analyst estimate of 12.62 billion yuan ($1.7 billion), according to LSEG data. Revenue jumped 131% to 86.81 billion yuan ($12 billion) in the period, also comfortably beating expectations. He is still the company’s biggest shareholder, with a stake of 25% stake, and ranks as China’s second richest man with a fortune of nearly $52 billion, according to the Bloomberg Billionaires Index. Temu, PDD’s international app, was launched in 2022, and as of last November it had acquired nearly 17% of the US online discount store market, according to Earnest Analytics. Last month, South Korean regulators investigated Temu on suspicion of false advertising and unfair ppractices, according to the Yonhap news agency.
Persons: Nomura, PDD, Colin Huang, Pinduoduo, Alibaba’s Taobao, Morgan Stanley, , Lei Chen, Chen Organizations: Hong Kong CNN — PDD Holdings, Revenue, Nasdaq, Bloomberg, Data Locations: Hong Kong, Shanghai, , PDD’s, Alibaba, Hangzhou, Beijing, China, European
Opinion | How to Buy Yourself a Longer Life
  + stars: | 2024-05-23 | by ( Frank Bruni | ) www.nytimes.com   time to read: +1 min
The fitness chain Equinox recently announced a new peak of pampering, a higher altitude of indulgence. It’s a deluxe membership called Optimize by Equinox, it costs about $40,000 a year and it comes with a sleep coach. I know what tennis coaches do. I know what football coaches do. But a sleep coach?
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Share genuine gratitudeIt doesn't hurt to include genuine appreciation and praise for the person you're contacting. Do research on the person you're reaching out to. If you have a strong mutual relationship, ask for an in-person meeting. Set aside 20 minutes a week to intentionally expand your network, and you'll find yourself attracting more opportunities, relationships, and wealth.
Persons: , I've, It's, Mark Cuban, Andrew Yeung Organizations: Service, Business, Spotify, Meta, Google, Silicon, Tech, Fortune, LinkedIn, ABC Company, Facebook, Business Planning, Next Locations: South East
Although alcohol overall remains more widely used, 2022 was the first-time daily marijuana use overtook drinking at the same frequency, with roughly 17.7 million cannabis users and 14.7 million drinkers, respectively. That is a 15-fold increase for cannabis since 1992 when only 900,000 Americans disclosed using the drug daily compared with 8.9 million daily drinkers. The spirits and alcohol industry, however, has been working to defend its market share despite shifting trends among younger consumers. However, some analysts on Wall Street expect greater impact to the alcohol industry from cannabis adoption. "We estimate that legal cannabis could be negatively impacting beer volume [compound annual growth rate] by up to 230 bps in Canada and 75 bps in the U.S. where legal," said Bernstein analyst Nadine Sarwat.
Persons: Roth, Scott Fortune, Bill Kirk, Kirk, Fortune, Bernstein, Nadine Sarwat, Sarwat Organizations: The U.S . Drug Enforcement Administration, Carnegie Mellon University, Administration, Wall, distillers, Constellation Brands, Diageo, AB InBev, Molson Coors Locations: San Anselmo , California, The U.S, U.S, Canada
The decision by Microsoft to link executive compensation to successful cybersecurity performance is another is prompting discussions at other firms. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity. In recent years, many Fortune 500 companies, including Apple, have added bonus pay tied to ESG metrics. The conversations about cybersecurity-linked executive pay have started taking place at other companies since Microsoft made its move, according to Aalap Shah, managing director at executive compensation consultant Pearl Meyer. Madnick's research shows that gaps in corporate culture are often culprits in high-profile hacks, not just the Microsoft example.
Persons: Brad Smith, Charlie Bell, Aalap Shah, Pearl Meyer, It's, I've, Shah, , Stuart Madnick, Madnick, Ryan Kalember, unavoidability, Jen, Kalember, ransomware, Mike Doonan, Doonan Organizations: Microsoft, U.S, Hill, Google, U.S . Department of Homeland, Initiative, Microsoft Security, Team, Companies, Fortune, Apple, MIT, Infrastructure Security Agency, CNBC, Technology, State Department Locations: China, Russia, cybersecurity, U.S
Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in BuzzFeed and is seeking to effect a "shift" in the media firm's strategy, the investor said Tuesday in a filing. "Stay tuned," Ramaswamy told CNBC via a spokesperson. Companies should "do whatever allows them to be most successful over the long run without regard to political, social, cultural or environmental agendas," Ramaswamy told CNBC in a 2023 interview. Ramaswamy has remained close to the Mar-a-Lago circuit after throwing his support behind former President and presumptive GOP nominee Donald Trump. It's unlikely, however, that he will be Trump's vice-presidential pick, given that several GOP operatives and donors have expressed deep opposition.
Persons: Donald Trump, Vivek Ramaswamy, Ramaswamy, BuzzFeed, Jonah Peretti, Buzzfeed, — CNBC's Alex Sherman, Brian Schwartz Organizations: U.S, Republican, Trump, New, GOP, CNBC, Management, Roivant Sciences, Inc Locations: New Hampshire, Laconia , New Hampshire, U.S, BuzzFeed
Ms. Shanahan, 38, a onetime Silicon Valley lawyer, has never held public office and has scant name recognition. But she was selected after Mr. Rodgers and Mr. Ventura fell through as vice-presidential candidates and Mr. Kennedy’s campaign needed money to fund its efforts to get onto state ballots, three people familiar with the events said. And money was something that Ms. Shanahan could provide in abundance. During their five-year marriage, Ms. Shanahan partied with Silicon Valley’s elite and used recreational drugs including cocaine, ketamine and psychedelic mushrooms, according to eight people and documents reviewed by The New York Times. Ms. Shanahan and Mr. Brin separated after she had a sexual encounter with Elon Musk in 2021, three of the people said.
Persons: Robert F, Kennedy Jr, Aaron Rodgers, Jesse Ventura, Kennedy, Nicole Shanahan, Ms, Shanahan, Rodgers, Ventura, Sergey Brin, Brin, Elon Musk Organizations: Google, The New York Times Locations: Minnesota
Walmart heiress Alice Walton is the second-richest woman in the world, with an estimated $84 billion net worth. AdvertisementAlice Walton, the only female heiress to the Walmart fortune, is one of the richest women in the world. The three Walmart heirs — Rob Walton, Jim Walton, and Alice Walton — have a combined wealth of more than $250 billion, according to the Bloomberg Billionaires Index. The 74-year-old Alice Walton has an estimated fortune worth $84 billion and ranks 19th on Bloomberg's list. She's the second-richest woman in the world, behind only L'Oréal heiress Françoise Bettencourt Meyers.
Persons: Alice Walton, , Rob Walton, Jim Walton, Alice Walton —, Françoise Bettencourt Meyers Organizations: Service, Walmart, Bloomberg, Business
President Joe Biden and Democrats have tried unsuccessfully to restore nationwide abortion rights since the Supreme Court issued its landmark reversal of Roe in 2022. AdvertisementHogan's position makes him one of the few prominent Republicans to support abortion rights. When he first announced his Senate run, Hogan initially said he needed to think more about his position on abortion rights. Democrats have already placed abortion rights on the Florida ballot this November. No Republican Senate is going to make a serious effort to codify Roe, given the party's near-universal support to restrict abortion rights.
Persons: , Larry Hogan, Roe, Hogan, Wade, he's, Joe Biden, Angela Alsbrooks, Alsobrooks, David Trone, Susan Collins of, Lisa Murkowski, codifying Roe, Donald Trump, Mitch McConnell, Court's Dodds, hasn't, it's, Trump Organizations: Service, Maryland Gov, GOP, Democrats, Business, Prince, Wine, Republicans, Press, Senate, Biden, Republican Senate Locations: Prince George's County, Susan Collins of Maine, Alaska, Maryland, Florida, Arizona
The Crypto Comeback
  + stars: | 2024-05-21 | by ( Sabrina Tavernise | David Yaffe-Bellany | Will Reid | ) www.nytimes.com   time to read: 1 min
This month, customers of FTX — Sam Bankman-Fried’s cryptocurrency exchange, which collapsed in 2022 — were told that they would get their money back, with interest. David Yaffe-Bellany, our technology reporter, explains what was behind this change in fortune and what it says about the improbable resurgence of crypto.
Persons: Sam Bankman, , David Yaffe
Bollywood actor Shah Rukh Khan, along with his family, leaves a polling booth after casting his ballot in Mumbai on May 20, 2024. Sujit Jaiswal/AFP/Getty ImagesThe “King of Bollywood” Shah Rukh Khan was seen leaving a Mumbai polling booth with his family – wife Gauri, daughter Suhana, and sons Aryan and Abram. Bollywood actors Ranveer Singh and Deepika Padukone arrive to cast their ballots at a polling station in Mumbai on May 20, 2024. Residents queue to cast their vote on May 20, 2024 in Mumbai, India. Voters wait to cast their vote in Chandivali, Mumbai, on May 20, 2024.
Persons: Narendra Modi, Shah Rukh Khan, Sujit Jaiswal, ” Shah Rukh Khan, Gauri, Suhana, Aryan, Abram, Amitabh Bachchan, ” Khan, “ Let’s, Deepika Padukone, Ranveer Singh, Mukesh Ambani, Nita, Akash, Akshay Kumar, , Aishwarya Rai Bachchan, Stringer, Shiv Sena —, Satish Bate, Sachin Chaudhary Organizations: CNN, Getty, Bharatiya Janata Party, BJP, Indian National Congress, Hindustan Times, Getty Images Locations: Mumbai, Maharashtra, India’s, AFP, Andheri, , India, Mumbai’s, West Bengal, Getty Images Mumbai, New York, Chandivali
Mr. Trump’s campaign still lags far behind in total cash on hand, the April filings show. Mr. Trump is leading Mr. Biden in many polls, including recent New York Times/Siena College/Philadelphia Inquirer surveys that had the former president ahead in five of six top battleground states. Mr. Trump also continues to spend millions of dollars on legal bills, the filings show. Still, the filings and campaign statements reflect a busy fund-raising month for Mr. Trump. Save America also received $2.75 million in April from a super PAC backing Mr. Trump, Make America Great Again Inc., and $183,000 from a new joint fund-raising committee Mr. Trump has with the Republican Party.
Persons: Donald J, Trump, Biden, Biden’s, Trump’s, Money, Pete Marovich, Julie Chavez Rodriguez, “ We’re, , Crooked Joe Biden, ” Mr, Timothy Mellon, Mellon, Robert F, Kennedy Jr, Kennedy’s, Nicole Shanahan, Kennedy, Shanahan Organizations: Republican Party, Mr, Democratic National Committee, Federal, Biden Trump, Republican, Republican National Committee, Biden, New York Times, Siena College, Philadelphia Inquirer, Radio City Music Hall, Democratic, The New York, Republicans, Trump, America, PAC, Make, Inc, Mellon Locations: Palm Beach, Fla, America, Hollywood, Wyoming
Landing a data analyst job helped me achieve the life I had dreamed ofI started looking at job boards and saw a ton of data analyst positions, with an average starting salary of around $70,000, in 2018. I don't feel that working in Big Tech is worth itWhen people think about working a tech job, many think of Big Tech companies like Tesla and Meta, which offer the highest salaries and have a certain air of prestige. Although they might not be quite as high as Big Tech roles, the salaries at non-tech companies can be super competitive, especially if you focus on non-tech companies in the Fortune 500. When you apply for tech jobs at non-tech companies, you're not competing against people who are trying to be the best in the world. AdvertisementI advise anyone hoping to land their first data analyst job at a non-tech company to start looking at their current job as an asset and find where it overlaps with data analyst jobs.
Persons: , I'd, we're, Barry, Charlotte Chaze, Charlotte Chaze There's, you'll, Jane Zhang Organizations: Service, Business, Comcast, Disney, Big Tech, Kroger, & $ Locations: Philadelphia, Delaware, Catskills, Charlotte, El, Forest , Puerto Rico, janezhang@businessinsider.com
Ivan F. Boesky, the brash financier who came to symbolize Wall Street greed as a central figure of the 1980s insider trading scandals, and who went to prison for his misdeeds, died on Monday at his home in the La Jolla neighborhood of San Diego. His daughter Marianne Boesky said he died in his sleep. An inspiration for the character Gordon Gekko in Oliver Stone’s movie “Wall Street” and its sequel, Mr. Boesky made a fortune betting on stock tips, often passed to him illegally in exchange for suitcases of cash. As federal investigators closed in on Mr. Boesky, he agreed to cooperate, providing information that led to the downfall of the investment bank Drexel Burnham Lambert and its junk bond king, Michael Milken. Mr. Boesky brought an aggressive style to the once-sleepy world of arbitrage, the buying and selling of stocks in companies that appear to be takeover targets.
Persons: Ivan F, Marianne Boesky, Gordon Gekko, Oliver Stone’s, Boesky, Drexel Burnham Lambert, Michael Milken Organizations: Drexel Locations: La Jolla, San Diego
In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. Gen Z workers know what their bosses are saying about them, and they'd like to have a word. Some leaders even go as far as saying they avoid hiring Gen Z workers, who are as old as 27 this year. Myth: Gen Z is asking for too muchMany leaders think Gen Z are entitled not just in their earning power, but what they expect out of work in general. Myth: Gen Z workers will quit because they're disloyalIt's long been true that early-career professionals are more likely than seasoned workers to change jobs quickly.
Persons: Gen, Zers, Z, Keely Antonio, Baby Boomers, Gen Z, Antonio, Ziad Ahmed, Ahmed, Booth, I'm, Ziad Ahmed Head, They're, they're Organizations: CNBC, Baby, JUV Consulting, Fortune, United Talent Agency, UTA Marketing Research, Workers
"Sleep is the new coffee," longevity enthusiast Bryan Johnson told the Journal. Experts say workers who sleep more are likely to be more productive and focused. AdvertisementSome tech execs aren't starting their days anymore with a jolt of caffeine — they're betting on sleep instead. "I think sleep is the new coffee," Bryan Johnson told The Wall Street Journal. This story is available exclusively to Business Insider subscribers.
Persons: Bryan Johnson, , Johnson Organizations: Service, Wall Street, Business Locations: Braintree
Read previewEmployees at the investment behemoth BlackRock couldn't tell that a strategy memo they were reading was actually written by ChatGPT, the company's COO said on Thursday. BlackRock COO Robert Goldstein recounted the anecdote during an interview with Fortune's Lee Clifford. Goldstein said he'd worked with his team to prepare a memo on the company's generative AI strategy for a board meeting that took place "several months ago." But instead of drafting it themselves, Goldstein decided that the team should get ChatGPT to write the memo instead. Last month, BlackRock CEO Larry Fink said in an earnings call that the company's investments in AI would bolster productivity.
Persons: , BlackRock, ChatGPT, Robert Goldstein, Fortune's Lee Clifford, Goldstein, he'd, BlackRock didn't, Larry Fink, Fink, Kristalina Georgieva, Georgieva Organizations: Service, BlackRock, Finance, Business, BI, IMF, Swiss Institute of International Studies Locations: New York, BlackRock, Zurich
According to prosecutors, the scheme began sometime in 2020 and used the stolen identities of about 60 US citizens. According to prosecutors, the scheme saw overseas workers apply for remote jobs at well-known US companies, including Fortune 500 companies. In exchange, prosecutors said in the indictment that Chapman charged the workers monthly fees for her services. In 2016, the US passed the North Korea Sanctions and Policy Enhancement Act, which aimed to improve the enforcement of sanctions against North Korea. The assistant director of the FBI's Counterintelligence Division, Kevin Vorndran, said in the press release that although the allegations may seem like "typical white-collar" crime, they represent a broader trend.
Persons: , Christina Marie Chapman, Chapman, Oleksandr Didenko, Nicole M, Argentieri, Kevin Vorndran Organizations: Service, US, Office, District of Columbia, Business, Fortune, Prosecutors, Social Security Administration, Department's, North Korea Sanctions, North, FBI's Counterintelligence Division Locations: Arizona, North Korea, Valley, American, Ukrainian
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