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☆ Ex-Microsoft CEO Steve Ballmer can't stop talking about the bathrooms at his new $2 billion sports stadium
▼ + stars: | 2024-10-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

The Intuit Dome, the new home of the LA Clippers, opened with over 1,400 toilets to cut down on lines. Ex-Microsoft CEO Steve Ballmer spent $2 billion on the arena, which opened in August. AdvertisementThe Intuit Dome — the new home of the LA Clippers — opened two months ago, and team owner Steve Ballmer is particularly proud of the bathrooms. Related storiesThe Intuit Dome also features a massive, double-sided "Halo" screen at its center, which is made up of over 70 LED displays. The massive double-sided "Halo" display at the Intuit Dome arena, home of the LA Clippers.

Persons: Steve Ballmer, —, Ballmer, he's Organizations: Intuit, LA Clippers, Microsoft, Service, NBA, Clippers

☆ An options trade on a Boeing supplier that could get dragged down by its customer's woes
▼ + stars: | 2024-10-14 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Howmet also produces parts used in gas turbines (power generation) and precision castings, fasteners, and other components for automotive applications. Over the past few years, Howmet has grown revenues, net income, and free cash flow considerably faster than the economy's overall growth. About 5.7% of Howmet's revenue comes from Boeing , which is greater than 4.6% of its revenues from Airbus. However, some of the company's revenues are derived indirectly from jet engine manufacturers General Electric, 12% of revenues, and Rolls-Royce, which represents 5.34%. Over the past five years, Howmet shares have appreciated by 370%, outperforming the S & P by more than 260% and the industrials index by about 280%.

Persons: Howmet Organizations: Howmet Aerospace, Aerospace, Boeing, Airbus, Electric, Royce, CNBC, NBC UNIVERSAL

☆ This dividend strategy can bring in income and help you sleep at night
▼ + stars: | 2024-10-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

"The people who want us, find us and sleep at night," said Peris, who manages the Strategic Value Dividend Fund and the U.S. Strategic Dividend exchange-traded fund . What to look for in dividend stocks Peris leans more "old economy" when looking for stocks, focusing on names that are everyday brands that people know. The U.S. Strategic Dividend ETF has an adjusted expense ratio of 0.5% and 3.19% 30-day SEC yield. A-shares of the Strategic Value Dividend Fund (SVAAX), which have an adjusted expense ratio of 1.06%, have a 30-day SEC yield of 3.27%, as of Sept 30. "The dividend investor's focus has to be, by definition, on — does this income stream add up?

Persons: Hermes, Daniel Peris, Peris, they've, they're, Buybacks Organizations: Federal Reserve, U.S, Strategic, CNBC, SEC, Holdings Locations: U.S, SVAAX, Silicon Valley

☆ From ALICEs to HENRYs, here's what people on wildly different incomes discuss in therapy
▼ + stars: | 2024-10-14 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +7 min

Four therapists shared what their clients on different incomes discuss in sessions. Money can be a source of stress for both those on lower incomes as well as the ultra-rich. HENRYsSome HENRYs (High Earners, Not Rich Yet) might seem wealthy to others, but still worry about having enough money, Williams said, because "it's all relative." Two HENRYs in a couple, meanwhile, might want to discuss tension in their relationship if they have different ways of thinking about shared wealth, she said. And, as people live longer, she said that some worry about not having enough money to sustain their lifestyles as they get older.

Persons: —, Anna Nathanson, Nathanson, Getty, Ashley Castro, It's, ALICEs, Tracy Williams, Williams, HIFIs HIFIs, HIFIs, Rich, Ricardo Mendoza Garbayo, Castro, Paul L, Johannes Mann, Hokemeyer Organizations: Service Locations: ALICEs, HENRYs, —, New York, Atlanta, Colorado

☆ Why yesterday's SpaceX launch was such a huge deal for space travel
▼ + stars: | 2024-10-14 | by ( Ellie Zolfagharifard | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

After liftoff, the Super Heavy booster returned to the launch in a world-first maneuver. The Super Heavy booster released Starship on its path toward space, then began to fall back to Earth. A huge step toward Musk's vision of colonizing MarsOn Sunday, SpaceX's Super Heavy booster returned home and was caught in midair with giant mechanical arms. SpaceX makes rocket historyIn past Starship test flights, the Super Heavy booster either exploded mid-flight or landed in the water. SpaceX said regulators were delaying Starship's fifth test launch because of minor changes and that the FAA was dragging its heels.

Persons: —, Elon Musk, Musk, I'd, Musk's, Olivier de Weck, It's Organizations: SpaceX, Super, Service, YouTube, Space Shuttle, astronautics, MIT, FAA, New York Times Locations: Texas

☆ Ultra-gory 'Terrifer 3' kicks 'Joker 2' off the top of the box office chart, as Art the Clown is hailed a new horror icon
▼ + stars: | 2024-10-14 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Horror fans are calling the main character, Art the Clown, a new icon for the genre. Fans say the success of "Terrifier 3" has cemented its lead character, the demonic, mute serial killer Art the Clown, as a horror icon. Now, fans have hailed Art as a modern horror icon akin to other slasher villains such as Norman Bates, Leatherface, Michael Myers, and Freddy Krueger. My horror hot take:Art the Clown is the first true horror icon to emerge thus far this century (Pennywise was already an icon under Tim Curry, and the “Saw” films have gone on without Jigsaw). He’s the horror icon we need right now.

Persons: —, David Howard Thornton, Art, Todd Phillips, Norman Bates, Leatherface, Michael Myers, Freddy Krueger, Pennywise, Tim Curry, Freddy, pic.twitter.com, S7xUQYjWAp — Shawn, dHGeWMkPap — John Squires 🎃, rueger Organizations: Service, Marvel

☆ What happened Friday hasn't happened in ages. It bodes well for earnings
▼ + stars: | 2024-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Getting ready for the "two problematic stories," Wells Fargo and JPMorgan , which came later in the morning, took some real digging. ET – Wells Fargo shares turned and started inching up. With what you saw in Wells Fargo and JP Morgan on Friday. Think like this: When the psychology of the market changes, people don't want to bang out of Wells Fargo, they want to get in. But there is no doubt that Wells Fargo at 11 times forward earnings now seems a little silly given that the background is so positive.

Persons: Larry Fink, Wells, Wells Fargo, Charlie Scharf, Jamie Dimon, Jeff Marks, JP Morgan, Scharf, It's, Warren Buffett, Morgan Stanley, Eli Lilly, haven't, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: BlackRock, JPMorgan, Wall, Club, Wells Fargo, Elon, SpaceX, Federal, New York Stock Exchange, Fed, Bank of America, Boston, Walmart, Costco, Semiconductors, Enterprise, JFrog, Microsoft, –, Dow, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, NII, U.S

For Love & Money is a column from Business Insider answering your relationship and money questions. This week, a reader won't be able to afford to visit their friend when she moves. Write to For Love & Money using this Google form. I imagined us living as roomies in the retirement home someday," keep your love for your friend front and center. Write to For Love & Money using this Google form .

Persons: —, I'm, We're, aghast, Marco Polo, We're millennials, doesn't Organizations: Business, Service Locations: California

☆ A basic income program funded by descendants of slave owners provides $1,000 a month as a form of reparations
▼ + stars: | 2024-10-13 | by ( Katie Balevic | ) www.businessinsider.com time to read: +7 min

Buck and Gracie Close are funding a basic income program for victims of unjust policing. They view the program as a form of reparations for their family's history as slave owners. Small-scale guaranteed basic income programs have sprouted around the country in recent years, inspired in part by the success of pandemic-era cash handouts. These basic income programs offer unrestricted cash payments to specific groups of vulnerable low-income residents for a limited time period. The programs differ from a universal basic income, which would offer regular cash payments to all residents regardless of their financial status.

Persons: Buck, Gracie, —, Buck Close, they've, Maggy Baccinelli, Baccinelli, enslavers Organizations: ACLU, Service, American Civil Liberties Union of Louisiana, Confederate, Herald Locations: Louisiana, North Carolina, Washington, Fort Mills, Rock, South Carolina

Mortgage rates for October 13, 2024, are flat around 6.20%, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 6.20% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates remain in the mid 5% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.

Persons: they've, you'll, Freddie Mac, it's, They'll Organizations: Zillow, Fed Locations: Chevron

☆ With RTO policies on the rise, here's how to elevate your office style this fall
▼ + stars: | 2024-10-12 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Here are three ways to make sure your professional style is fashion-forward this fall. Brands like Bottega Veneta and Miu Miu (pictured above) embody the San Francisco elite aesthetic. If you want to invoke the "Silicon Valley style," Miu Miu is the high-end brand doing it the best, he said. You can shop for a warm-up jacket that looks similar to one Google might issue to employees, "but instead of Google, it says Miu Miu." Gen Z might be obsessed with secondhand clothes, but Chernyaev said pre-owned clothes aren't always polished enough for the office.

Persons: —, Timothy Chernyaev, Chernyaev, Miu Miu, Nicole Pollard Bayme, she's, Victor VIRGILE, Stella McCartney, Peter White, Bayme, Celine Organizations: Service, Dell, Business, Bottega, San Francisco, Getty, Google Locations: COVID, San Francisco

☆ Iran's attacks on Israel suggest ballistic missiles are an overhyped threat
▼ + stars: | 2024-10-12 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

But after launching hundreds of ballistic missiles at Israel in two separate barrages, what has Iran to show for it? The October strike by 180 ballistic missiles saw a higher percentage of rockets penetrate defenses. All of which raises a question: is the danger of ballistic missiles overhyped? In 2015, Iranian-backed Houthi rebels in Yemen began a bombardment campaign against Saudi Arabia that included ballistic missiles. Ilia Yefimovich/picture alliance via Getty ImagesIt is not that conventional ballistic missiles aren't lethal, especially the modern versions.

Persons: —, Hitler, Ilia Yefimovich, doesn't, Michael Peck Organizations: Service, Israeli Air Force, Soviet Union, British, Fortress, Getty, Minuteman, Soviet, Patriot, Aegis, Allied, South, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Israel, Ukraine, Iran, Britain, Jordan, Nazi Germany, Western Europe, British Lancaster, Iraq, Iranian, Yemen, Saudi Arabia, America, Russia, Nodong, Tehran, Europe, Berlin, North Vietnam, South Vietnam, Lebanon, Gaza, Forbes

☆ Starbucks store workers want their new CEO to take action on these 4 issues
▼ + stars: | 2024-10-12 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

Starbucks CEO Brian Niccol has been in his new role for about a month. Employees at Starbucks stores say they're eager to see what changes he makes. Business Insider has spoken to 10 Starbucks store workers — whom the company calls "partners" — since the chain announced Niccol would become CEO. "It's no longer the third place," one Starbucks store manager in Florida previously told BI. Starbucks should hire more workers to shorten wait timesShifts at Starbucks stores are often short-staffed, multiple partners have told BI.

Persons: Brian Niccol, —, Niccol, Laxman Narasimhan, Howard Schultz, Kevin Johnson, I've, Narasimhan, there's Organizations: Employees, Service, Starbucks, SEC, Partners Locations: U.S, Florida, North America, North Carolina, South Dakota

☆ Flooded roads, worried passengers, and no income: Florida Uber and Lyft drivers share their experiences on the road before and after Hurricane Milton
▼ + stars: | 2024-10-12 | by ( Noah Sheidlower | Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Uber and Lyft drivers in Florida saw gas shortages and obstructed roads before and after Milton. After making landfall in Florida, Hurricane Milton caused at least 14 deaths and left millions without power. In the days preceding the storm, some Uber and Lyft drivers went from transporting beachgoers to helping residents flee their communities — before eventually fleeing themselves. Related storiesTrent T., 50, drives independently for his own transportation company and for Uber and Lyft in South Florida. Are you an Uber or Lyft driver in a hurricane-impacted area who's willing to share your story?

Persons: Milton, —, Sergey, Hurricane Helene, Florida , Hurricane Milton, Hurricane Milton, Uber, Fort, Lyft, Trent, Blaine, Yvonne, Charles P, Orlando —, I'm, Charles Organizations: Service, BI, Hurricane, Florida Division, Emergency Management, Tampa, Drivers, jzinkula Locations: Florida, St . Petersburg , Florida, Hurricane, Florida , Hurricane, St . Petersburg, Clearwater, Orlando, Fort Myers, Sarasota, Tampa Bay, South Florida, Milton, Tampa, Ocala —, Savannah , Georgia, Titusville —

☆ I took my 2 kids to a family all-inclusive resort. They had a blast, and I did not have to do anything.
▼ + stars: | 2024-10-12 | by ( Leah Groth | ) www.businessinsider.com time to read: +6 min

I took my kids to a family-centric, all-inclusive resort in Mexico this summer. My kids had fun, but I was the one who needed to be taken care of, and I loved it. There was only one option that made sense: An all-inclusive resort. The magic of an all-inclusive resort is that when your kids don't eat their steak or their $20 chicken nuggets, it doesn't make you want to cry inside. While I can't live at an all-inclusive resort or afford to hire a personal butler to take care of my needs 24/7, I am worth investing in.

Persons: I'm, —, tasker, Kitty, Yari Organizations: Service, resort's Kids Locations: Mexico, Caribbean, American

☆ Barack Obama's message to Black male voters angered some Democrats. Why it matters.
▼ + stars: | 2024-10-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

AdvertisementObama's remarks reflected concerns among many Democrats that Black men — particularly young Black men — are gravitating toward Trump and could cost Harris the election. Black men and Black women do not vote much differently, it’s wrong to single out Black men when Black men are the most loyal male voting block for Democrats. That year, Trump won 4% of Black women votes while taking 13% of Black male votes. AdvertisementBut Obama and other Democrats are hoping to get ahead of what they see as Trump's potential to win over more Black voters — and especially Black men — this time around. While Obama's pitch may have rubbed some people the wrong way, Democrats know they need robust Black support to win in November.

Persons: Obama, aren't Harris, —, Barack Obama, Kamala Harris, Harris, Donald Trump's, I've, Trump, didn't, Nina Turner, — Nina Turner, Turner, Hillary Clinton, Clinton, Joe Biden, Biden Organizations: Democrats, Service, Democratic, White House, Black, Democratic Party, New York Times, Siena College, Trump, CNN, Pew Research, Siena, Times Locations: Pittsburgh, Arizona, North Carolina, Ohio, Black, Georgia, Pennsylvania, Siena

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are around 6.20%, according to Zillow data. In September, 30-year refinance rates averaged 5.89%, while 15-year refinance rates were around 5.19%. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Now that the Fed has cut rates, mortgage rates may not drop much in October.

Persons: you'll, Freddie Mac, it's, they've Organizations: Fed, Zillow Locations: Chevron

☆ 8 of the savviest loopholes wealthy investors use to reduce or avoid capital gains tax
▼ + stars: | 2024-10-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

It could be a bad idea to keep a stock solely to skip out on realizing capital gains. The right advice can buy time, reduce tax burdens, or even avoid them altogether without breaking any laws. "So, a tax-loss-harvesting type of trading will take place and then you are reducing your capital gains taxes." This grants them a tax deduction while skipping out on capital gains tax. Even some of our hedge fund managers who get compensation through carried interests of capital gains can defer those capital gains and even avoid them."

Persons: —, Lapsiwala, John Pantekidis, Pantekidis, It's Organizations: Service, DAF

☆ Back-to-back Florida hurricanes signal trouble for home insurance prices nationwide
▼ + stars: | 2024-10-12 | by ( Grace Eliza Goodwin | Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Insurance experts said the back-to-back hurricanes could signal rising insurance rates nationwide. AdvertisementTwo back-to-back hurricanes in Florida in recent weeks will likely raise home insurance rates even higher in a state that is already grappling with prices nearly four times the national average, insurance experts told Business Insider. The compounding financial crises of Hurricane Helene and Hurricane Milton could also point to looming hikes in insurance rates nationwide, the home insurance experts said. They pointed to the recent Florida storms as examples of the increasingly severe and frequent climate catastrophes wreaking havoc on the global insurance market. AdvertisementAn uptick in reinsurance rates in recent years has been a driving force behind climbing insurance rates nationwide, said Kyle Ulrich, president and CEO of the Florida Association of Insurance Agents.

Persons: —, Kyle Ulrich, it's, Hurricane Helene, Hurricane Milton, Jeffrey Schlegelmilch, Oscar Miniet, Miniet, Coral, Milton, Helene, Shahid Hamid, Jeremy Porter, Porter, Hamid, Ulrich, Oscar Seikaly, Penny, Liao Organizations: Service, Florida Association of Insurance, Intercontinental Exchange, CBS News, Columbia Climate School's, Center for Disaster Preparedness, Tampa, Florida International University, Research Center's Laboratory for Insurance, Financial, Economic Research, Allstate, State, Florida Association of Insurance Agents, NSI Insurance, Hurricanes Locations: Florida, Hurricane, California, Illinois, Arkansas, Deltona, Jacksonville, Sarasota, Central Florida, Kentucky, Idaho, London, Bermuda, Japan

☆ Tesla investors don't seem to trust Elon Musk like they used to. Is that because of Twitter?
▼ + stars: | 2024-10-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Elon Musk says self-driving Tesla cabs — something he's talked about for a long time — are just around the corner. The next day, Wall Street declared itself thoroughly unimpressed: Investors knocked down Tesla shares by nearly 9%. Related storiesAnd at the same time, Tesla investors no longer seem so forgiving. Since Musk acquired Twitter — after failing at his attempt to back out of a signed deal to acquire Twitter — Tesla shares are down 4.7%. Something like "Tesla investors don't care about Musk's Twitter travails — at all."

Persons: Elon Musk, he's, aren't, —, Elon Musk —, Musk, Reed Hastings, Tesla, Bill Gurley —, Uber Organizations: Service, Star, Wall Street, Tesla, Twitter, SpaceX, Netflix

☆ Grab CEO Anthony Tan gives his no. 1 piece of advice for aspiring entrepreneurs
▼ + stars: | 2024-10-11 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +3 min

Anthony Tan is the co-founder and CEO of Grab. Courtesy ofFrom the outside, it looks like Anthony Tan's got it all — the family, the wealthy upbringing and the success. Tan's advice for aspiring entrepreneursWhen asked for one piece of advice for budding entrepreneurs, Tan said: "It has to be your life calling." Lessons from childhoodTan learned the value of hard work at a young age. I've seen how my parents worked really, really hard nonstop," said Tan.

Persons: Anthony Tan, Anthony Tan's, Tan, Chloe Tong, Tan's, I've, Joe Organizations: Southeast Asia's, CNBC Locations: Southeast, U.S, Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Thailand, Vietnam, Philippines

☆ 5 mistakes to avoid making at a work happy hour, according to an etiquette coach
▼ + stars: | 2024-10-11 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +5 min

She recommended being mindful of how much alcohol you're consuming at work events. AdvertisementHeading to happy hour with your colleagues and boss can be fun, but it can also be a tricky social scene to navigate. Dressing inappropriately can be seen as unprofessionalMeier said another common mistake people make at happy hour involves how they dress. AdvertisementLimit physical contact to a handshakeIt's best to remain professional and avoid physical contact beyond a handshake. Related stories"If you wouldn't usually hug a colleague, I personally would avoid hugging a colleague in a happy hour environment," Meier said.

Persons: —, it's, Myka Meier, Meier, It's Organizations: Service

☆ I used to think it was strange when married couples kept finances separate. Now I do it with my husband.
▼ + stars: | 2024-10-11 | by ( Allison Raskin | ) www.businessinsider.com time to read: +8 min

"I Do (I Think)," explores essential conversations of marriage for a Gen Z and millennial audience. When I grew up and started hearing about married couples who had separate finances and alternated who paid for dinner, I found it weird at best and unsettling at worst. My view on married couples with separate finances changedNow that I'm older, I see it all differently. Different states also have different levels of protection for married couples who divorce, which can impact what extra steps you feel you do or don't need to take. I'm not financially savvy and I'm also hyperaware that money conversations can be deeply emotional in ways we aren't always equipped to handle.

Persons: Allison Raskin, —, John, I've, Stacy Francis, Francis Financial, I'm, Stacy, Kathleen Burns Kingsbury, Kathleen, Marguerita Cheng, Dominique Broadway, Dominique Organizations: New York Times, Service, Wall, US, Bureau, Corp, IRA, HarperCollins, Hanover Square Press Locations: Hanover

☆ Morgan Stanley recently met with Nvidia's management team. Here are the biggest takeaways as the bank eyes another 12% upside for the stock.
▼ + stars: | 2024-10-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock is set for more gains as demand for its GPU chips surges, Morgan Stanley says. Nvidia's Blackwell GPU is on schedule and is sold out for the next 12 months, the company said. AdvertisementNvidia stock is poised for more gains as its GPU chip business continues to see surging demand. AdvertisementThat should be a boon for Nvidia's GPU chip product set, according to the note. Nvidia stock is up 172% since the start of this year.

Persons: Morgan Stanley, Nvidia's, —, Jensen Huang, Colette Kress, Joseph Moore, Moore, Blackwell, Hopper Organizations: Nvidia's Blackwell, Service, Nvidia, Blackwell, Microsoft Locations: New York City

☆ Our toothbrushes are home to hundreds of new viruses. They could be the future of biotech.
▼ + stars: | 2024-10-11 | by ( ) www.businessinsider.com time to read: +6 min

A new study found hundreds of unique viruses called bacteriophage on toothbrushes and shower heads. A recent study found hundreds of viruses on samples from toothbrushes and shower heads, including many that have never been seen before, let alone examined. These are not viruses that are going to infect you, these are viruses that are potentially cool," Hartmann said. In the future, phage might be a rich source of biotech innovations like phage therapy, in the same way pharmaceuticals have developed medicines from plants or animals. Advertisement"There are a lot of things waiting to be discovered just under our noses or on our toothbrushes," Hartmann said.

Persons: —, Erica Hartmann, it's, Hartmann, Phages, Wahrman Organizations: Service, Northwestern University, Business, William Paterson University of New Locations: William Paterson University of New Jersey, Microbiomes

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