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☆ Nike's new CEO was an intern at the brand in 1988. He's now in charge of saving one of the biggest sports apparel legacies in the world.
▼ + stars: | 2024-09-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewNike's incoming CEO is an old face in the company, having worked his way up the ranks from intern to C-Suite exec. He's set to take over Nike's outgoing CEO, John Donahoe, who has led the company since 2020. This story is available exclusively to Business Insider subscribers. According to Hill's biography, which Nike shared with BI, he started in the company as an apparel sales representative intern in 1988. AdvertisementNike representatives did not respond to a request for comment from Business Insider sent outside business hours.

Persons: —, Elliott Hill, He's, John Donahoe, Hill's, Hill, I'm, I've, Tom Peddie, Peddie, Locker, David Daniels, Daniels, Peter Cappelli, Cappelli, Elliot Hill, he's, Justin Sullivan, Jim Duffy, BI's Lloyd Lee, Duffy, they've, Ursula Burns, Burns Organizations: Service, Business, Nike, BI, NIKE, — Consumer, National University of Singapore, Wharton School, University of Pennsylvania, Stifel, Xerox, Columbia University, Business Insider

☆ Mark Zuckerberg's starry watch isn't just the price of a Cybertruck, it's another major step up in his style game
▼ + stars: | 2024-09-19 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewHere's the latest sign of Mark Zuckerberg's style evolution — a luxury watch depicting the Milky Way. Mark Zuckerberg spotted yesterday during the @AcquiredFM live wearing a DB25 Starry Varius in rose gold from De Bethune. 👀 pic.twitter.com/raZRTyzmAz — ZwapX (@zwapxofficial) September 11, 2024This is not the first premium watch Zuckerberg has been spotted wearing. "His recent style evolution, shown by a love for premium watches and subtle luxury, suggests a shift." To be sure, Zuckerberg's style evolution might have less to do with aesthetics and more to do with an intentional strategy to cultivate a relatable and attractive personal image.

Persons: —, Mark, De Bethune, Bryan Li, Mark Zuckerberg, De, 👀, ove Organizations: Service, De Bethune DB, Business, Swiss Locations: De Bethune, ife

☆ The last 2 messages the Titan submersible's passengers sent before the vessel imploded
▼ + stars: | 2024-09-17 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Shortly before the message, the Polar Prince sent the submersible several messages over the course of 12 minutes, asking if it could see the support vessel on its display, but the Titan did not respond. AdvertisementWhen it finally responded about four minutes later, the Polar Prince sent the message, "I need better comms from you," to which Titan responded, "Yes." The last message that the Titan sent to the Polar Prince was "dropped 2 wts," per the animation. The animation showed that the Titan lost contact with the Polar Prince at 10:47 a.m. Related storiesThe hearing takes place more than a year after the Titan submersible set off to explore the wreckage of the RMS Titanic, nearly 13,000 feet underwater.

Persons: —, Polar Prince, Tony Nissen, Bonnie Carl, David Lochridge, OceanGate, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet Organizations: Service, Titan, Coast Guard Marine Board of, Coast Guard, Business, Polar, CNN, Stockton Rush Locations: Newfoundland, North Charleston , South Carolina, British

☆ Chappell Roan isn't afraid to admit when she's too tired to keep working
▼ + stars: | 2024-09-16 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Gen Z superstar Chappell Roan isn't afraid to admit she's tired, per Rolling Stone. Roan said she rejected her label's request to film a music video for her hit song "Good Luck, Babe!" Roan said she was "too tired," and the song was already a hit without a video. singer said in an interview with Rolling Stone that she had resisted her label's requests to film a music video for the hit song, saying she was "too tired." "Do you know how hard it is to do a music video when you're this exhausted and burnt?"

Persons: Chappell Roan isn't, Roan, —, Chappell Roan, she's, !, Brittany Spanos Organizations: Service, Business

☆ Ukraine is extending its recruitment training period after reports of new recruits dying too quickly
▼ + stars: | 2024-09-16 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewThe Ukrainian army is extending the period of training for its new recruits after months of reports have shown that their soldiers are ill-trained for combat and risk dying out too quickly. The current training period for new recruits is three months, which includes one month of basic military training and two months of vocational training, according to Ukrainian news outlet Ukrainska Pravda. The news of the extended training period comes after months of reports have shown that Ukraine's soldiers do not have the adequate training required to be on the front lines. And according to a June Washington Post report, Ukrainian commanders often had to dedicate time to training recruits basic skills like how to shoot. Ukrainian soldiers, according to the Kyiv Independent, are worried that the army will run out of trained people to continue fighting.

Persons: —, Oleksandr Syrskyi, Schmidt, Chasiv Yar, didn't Organizations: Service, Facebook, Business, General Staff of, Armed Forces, Ukraine's Facebook, Ukrainska, Associated Press, AP, 47th Brigade, Washington Post, 93rd Mechanized Brigade, Post, Kyiv Independent, Kyiv, Mechanized Brigade Locations: Ukrainian, Chasiv

☆ Chappell Roan says H&M doesn't belong in her world. That's a bad sign for fast fashion brands that need Gen Z's buy-in.
▼ + stars: | 2024-09-13 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Gen Z's new popstar Chappell Roan spoke out against fast fashion brands like H&M. In an interview with Rolling Stone, she said, "H&M does not fit in this world." Experts say her views could hurt H&M and other Gen Z-favorite fast fashion brands. AdvertisementGen Z's new sweetheart, Chappell Roan, has criticized fast-fashion brand H&M, saying companies like it have no place in her world. In an interview with Rolling Stone, the "Good Luck, Babe!"

Persons: Chappell Roan, Rolling Stone, —, !, Elton John's, Brittany Spanos Organizations: Service, Business

☆ JD Vance: Taylor Swift's Harris endorsement won't move the needle because she's 'fundamentally disconnected' from 'most Americans'
▼ + stars: | 2024-09-12 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Shortly after Tuesday night's ABC News presidential debate between Harris and former President Donald Trump, Swift posted her long-awaited endorsement of Harris' campaign on Instagram. At the time, he said he had "no idea" about Swift's endorsement. He had more to say on Wednesday, however, when he told "Fox & Friends" that he isn't "a Taylor Swift fan." Despite his criticism of Swift, Trump has previously tried to use the pop star in his campaign messaging. For their part, the Harris-Walz campaign wasted no time churning out merch after Swift's endorsement — launching a pack of two friendship bracelets for $20.

Persons: —, Taylor Swift, Kamala Harris, Tim Walz, Sen, JD Vance, Ohio, Swift, Harris, Donald Trump, Cat Lady, Vance's, Vance, Martha MacCallum, Trump, Taylor, she'll, Brittany Mahomes, Patrick Mahomes, Mahomes, Mahomes —, Walz, Harris Walz Organizations: Service, GOP, Democratic Party, ABC, Business, Fox, Kansas City Chiefs, Trump, Truth

☆ Apple's new iPhone camera button is a big Gen Z bet
▼ + stars: | 2024-09-11 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

But one feature of the new button seems tailored for Apple's Gen Z audience. Advertisement0.5x selfies are all the rage with Gen Z. Advertisement"The new camera control alongside larger screen and improved battery performance will cement the iPhone 16 Pro Max as the top choice for Gen Z consumers," Al Jumaily said. "Gen Z is not a homogenous group," said Shantanu Dutta, a marketing professor at USC's Marshall School of Business. "The benefits desired by Gen Z users differ from country to country."

Persons: —, Gen Z, Gen, Monica Hillison, Hillison, Abdul Al Jumaily, Max, Al Jumaily, Shantanu Dutta, Dutta Organizations: Service, Business, Consumer, Virginia Tech, Apple, USC's Marshall School of Business, Gen Locations: Asia, India

☆ After Taylor Swift's mega endorsement, it took just one hour for the Harris-Walz campaign to start selling friendship bracelets
▼ + stars: | 2024-09-11 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

The Harris-Walz campaign has wasted no time — it now has Taylor Swift-inspired merch. Shortly after Taylor Swift endorsed them, they started selling friendship bracelets inspired by her. Harris-Walz friendship bracelets are here!" download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt took the Harris-Walz campaign just an hour after receiving Taylor Swift's mega endorsement to start selling friendship bracelets inspired by the singer.

Persons: Harris, Walz, Taylor Swift, merch, —, Taylor Swift's, Kamala Harris, Donald Trump, Tim Walz, Swift Organizations: Service, ABC, Business

Read previewIt's officially a "Love Story" between Taylor Swift and Vice President Kamala Harris. The superstar singer endorsed Harris for president on Tuesday night, minutes after the end of the debate between the vice president and former President Donald Trump. She signed off her post with the phrase: "Taylor Swift, Childless Cat Lady." When questioned on Swift's Harris endorsement, Trump said he had "no idea" about it. AdvertisementMany Democrats have been frothing at the mouth for a Swift endorsement given her unique cultural sway and loyal fandom.

Persons: —, Taylor Swift, Kamala Harris, Harris, Donald Trump, Swift, Cat Lady, Sen, JD Vance's, Tim Walz, " Walz, Trump, Swift's Harris, Swift's, Kamala —, X —, Joe Biden, Marsha Blackburn, Scott, Brittany Mahomes, Patrick Mahomes, Travis Kelce, Stevie Wonder, John Legend, Charlie XCX Organizations: Service, Business, MSNBC, Democratic, Truth, Kansas City Chiefs, Fox Business, Democratic National Convention, Minnesota Gov Locations: America

☆ Kamala Harris' face game in the debate is on point
▼ + stars: | 2024-09-11 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Kamala Harris' face game was on point during her ABC debate with Donald Trump. She maintained a small smile while Trump was speaking, looking thoroughly unimpressed by his words. AdvertisementVice President Kamala Harris came ready to play in the ABC presidential debate — and appeared to have learned some lessons about how the debate split screen can help or hurt candidates. When it wasn't her turn to speak, Harris often kept her gaze fixed on her debate opponent, former President Donald Trump. She also modulated her facial expressions — giving Trump some serious side-eye and looking thoroughly unimpressed when he made claims she disagreed with.

Persons: Kamala Harris, Donald Trump, Trump, Joe Biden's, —, Harris Organizations: ABC, Service, Trump, Business

☆ Samuel Alito and his wife were the honored guests of a German princess and enjoyed a spot of luxe castle living in 2023: report
▼ + stars: | 2024-09-10 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

According to The Times report, the princess hosted Alito and his wife Martha-Ann in July 2023 at her 500-room castle, St. Emmeram Palace, in southeastern Germany. Advertisement"He is pro-life in a time where the majority follows the culture of death," the princess said of Alito. In his 2023 disclosure, Thomas amended his disclosures from 2019 to reflect the luxury trips he received from Crow. AdvertisementStricter ethics rules were adopted in March 2023, requiring Supreme Court justices to disclose any gifts, trips, or meals they may have accepted. A representative for Alito didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Samuel Alito Jr, Gloria von Thurn, Alito, Martha, Ann, Richard Wagner, SCOTUS, ProPublica, Clarence Thomas, Harlan Crow, who's, Crow, Thomas, John Oliver, Oliver, Vladimir Putin's, Alito didn't Organizations: Service, Gloria von Thurn und, The New York Times, The Times, Business, Bayreuth, Times Locations: German, St, Emmeram, Germany, Crow, Russia

☆ The investigation into OceanGate's doomed submersible is set to go public as the company's insiders gear up to testify
▼ + stars: | 2024-09-10 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

OceanGate employees are set to testify in a hearing about the doomed Titan submersible. The Coast Guard announced that the hearing will start on September 16. It aims to examine the facts surrounding the incident and discuss how to prevent a similar incident. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOceanGate employees are set to testify at a hearing about the doomed Titan submersible more than a year after it imploded in the North Atlantic.

Persons: — Organizations: Coast Guard, Service, Titan, North Atlantic, The Coast Guard Marine Board of Investigation, Business Locations: North, North Charleston , South Carolina

☆ An NYC couple realized what tired, lonely corporate workers miss about college — fun lectures, socializing, and drinking. Now they hold events that try to bring that spark back.
▼ + stars: | 2024-09-06 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

The lecture was part of an event series in New York City called "Lectures on Tap," which invites working adults to attend interesting lectures in bars. They were particularly fond of an event series called "Profs and Pints," in which college professors gave lectures in bars. To fill the gap, they decided to launch their own event series, which they called "Lectures on Tap." Felecia and Tyrone Freely, the organizers of NYC's "Lectures on Tap" event series. "They think 'Lectures on Tap' is the perfect place to meet a partner," she said.

Persons: —, Jason Wright, Dyson, Amanda Firine, Tyrone, Felecia, Zs, millennials, Alan Huse Organizations: Service, Brooklyn , Pennsylvania State University, Business, Columbia University, TED, Firine Locations: Brooklyn ,, New York City, Tyrone, Washington , DC, New York

☆ A US Navy chief who wanted WiFi on her warship secretly ran an illegal Starlink network that she named 'STINKY': report
▼ + stars: | 2024-09-04 | by ( Matthew Loh | Aditi Bharade | ) www.businessinsider.com time to read: +4 min

The chief's mess then kept access to the Starlink network — which they named "STINKY" — only to themselves, Navy Times reported. AdvertisementWhen junior sailors and commanding officers began noticing the WiFi network, Marrero denied its existence, according to Navy Times. The Starlink dish was eventually discovered on August 18 by a civilian installing a separate, authorized satellite communication system. Advertisement"The gig is up," Marrero texted a crew member at the time, according to the investigation seen by Navy Times. Navy Times reported that Marrero admitted to her commanding officer on August 26, 2023, that she had installed the illegal WiFi network.

Persons: —, Grisel Marrero, Marrero, aren't, " Marrero texted, didn't Organizations: Service, US Navy, USS, Navy, Business, Navy Times, Manchester Locations: USS Manchester, Manchester

☆ A fighter jet pilot crashed a Utah Apache helicopter after spending only 35 minutes in a simulator: report
▼ + stars: | 2024-09-03 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

A fighter jet pilot in Utah flew a helicopter after 35 minutes in a simulator, a new report says. He sustained "serious" injuries as a result of the crash, FOX 13 said, citing an investigative report. AdvertisementA fighter jet pilot crashed a Utah National Guard helicopter after only spending 35 minutes in a flight simulator, FOX 13 News reports. The outlet obtained an investigative report on the February 12 accident through a public records request. He was accompanied by a chief warrant officer, FOX 13 wrote, citing the investigative report.

Persons: — Organizations: FOX, Service, National Guard helicopter, South Valley Regional Airport, Business Locations: Utah, West Jordan , Utah

☆ Putin gifted Kim Jong Un 24 purebred horses as payment for the artillery shells North Korea sent to Russia: report
▼ + stars: | 2024-09-02 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Vladimir Putin gifted Kim Jong Un 24 purebred horses as payment for artillery shells, The Times reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussian President Vladimir Putin gifted North Korean leader Kim Jong Un two dozen purebred horses as payment for artillery shells, The Times reported. The outlet cited an announcement from veterinary authorities in Primorsky Krai, a Russian region connected to North Korea by train. The announcement noted that 24 horses were transported across the border on Sunday, The Times wrote.

Persons: Vladimir Putin, Kim Jong, —, Orlov Organizations: Times, Service, North, Business Locations: North Korean, Primorsky Krai, Russian, North Korea

☆ A Tesla fan in India preordered a Model 3 in 2016. He waited 7 years, and the car still hadn't shown up.
▼ + stars: | 2024-08-14 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewTesla fan Vishal Gondal from Mumbai said he preordered a Tesla Model 3 in April 2016, excited about the car's "cutting-edge EV technology." Gondal is one of the Tesla fans in India who preordered the Model 3 in 2016 and were left hanging for years for cars that never arrived. Advertisement"I initially expected to wait one to two years but ended up waiting nearly eight years with no car," Gondal told BI. It lowered import taxes on EVs made by companies that commit to investing at least $500 million and start domestic manufacturing within three years, per Reuters. AdvertisementRepresentatives for Tesla did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Vishal Gondal, Elon Musk's, Tesla, Gondal, Hemant Suthar, Elon Musk, Musk Organizations: Service, Tesla, Business, Audi, Musk's EV, Associated Press, Reuters, Business Insider Locations: Mumbai, India, Europe, Asia, Pacific

☆ China says it has an uncrewed cargo plane that can carry 4,400 pounds that just made its 20-minute maiden flight
▼ + stars: | 2024-08-13 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

China tested its largest unmanned cargo aircraft, capable of carrying 4,400 pounds. The maiden flight lasted 20 minutes at Fengming General Aviation Airport in Sichuan. Go to newsletter preferences Thanks for signing up! AdvertisementChina tested its biggest unmanned cargo aircraft to date — and it's capable of carrying 4,400 pounds of load. The plane completed its maiden flight on Sunday morning, which lasted about 20 minutes.

Persons: — Organizations: Fengming General Aviation, Service, Fengming General Aviation Airport, Business Locations: China, Sichuan, China's

☆ Trump is falsely claiming that Kamala Harris' rally crowd is AI generated. Unfortunately for him, the hype for Harris is very, very real.
▼ + stars: | 2024-08-12 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Tim Walz aboard arriving for a campaign rally on Wednesday in Romulus, Michigan. Harris speaking with supporters during the campaign rally at Detroit Metropolitan Wayne County Airport. The crowds of supporters at Harris' rally in Michigan. Harris walking on stage to a large crowd during a campaign rally at in Glendale, Arizona on Friday. Representatives for Trump and Harris did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Donald Trump, Kamala Harris, He's, Harris, Kamala, Tim Walz, Carlos Osorio, Julia Nikhinson, Walz, Julia Nikhinson Harris, Julia Nikhinson David Plouffe, Trump, " Walz, it's, Martin Luther King Jr, htc5hBRgQR — Zachary Petrizzo, influencer Logan Paul, Paul, I'm Organizations: Service, Business, Air Force, Gov, Detroit Metropolitan Wayne County Airport, CNBC, Guardian, Trump, Trump YouTube, Business Insider Locations: Michigan, Romulus , Michigan, Glendale , Arizona, Las Vegas, Glendale, Bozeman , Montana

☆ These are the 5 luxury items China's Gen Z is going nuts for, a retail expert says
▼ + stars: | 2024-08-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +7 min

Related storiesThat makes sense because, per Germano, Gen Z Chinese buyers are less logo-orientated than their parents' generations. Saint LaurentGermano's third pick was the Saint Laurent Niki Medium bag, which retails for $3,150. Yves Saint LaurentThe Saint Laurent Le 5 à 7 Hobo handbag, which retails from $1,750 to $5,100, is another one of Germano's picks. Jeremy Moeller/Getty ImagesMaison Margiela's Replica sneakers are trendy among Chinese Gen Z-ers, Germano said. Like the understated Saint Laurent Le 5 à 7 Hobo, Maison Margiela's Replica sneakers are simple and discreet enough for everyday use.

Persons: —, Zers, Antonello Germano, Z, GG Marmont, Gucci, Marmont, Edward Berthelot, Germano, Gucci Horsebit, Jeremy Moeller, Gen, millennials, Laurent Niki, Saint Laurent Germano's, Saint Laurent Niki, Saint Laurent, Laurent Le, Yves Saint Laurent The, Yves Saint Laurent The Saint Laurent Le, Germano's, Laurent, Burberry, Hugo Boss, Bernard Arnault's LVMH, Louis Vuitton, Maison, Saint Laurent Le Organizations: Service, Daxue Consulting, Business, Getty, Saint, Yves Saint Laurent The Saint, tote, Bloomberg, Swatch, Dior Locations: China, Givenchy, Japan, Miami

☆ Trump says his teen son Barron told him he needed to go on streamer Adin Ross' show
▼ + stars: | 2024-08-06 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewIt appears that former President Donald Trump's teenage son Barron has become his de-facto Gen Z advisor. Trump said that his 18-year-old son influenced his decision to interview high-profile streamer Adin Ross. Advertisement"My sons told me about you," Trump said to Ross later in the interview, adding that Barron told him: "Dad, he's really big." Halfway through the interview, Ross unveiled the first of two goodies he said he was gifting Trump — a gold Rolex watch. Related storiesThe stream ended with Ross and Trump streaming from the Cybertruck as "YMCA" played them out.

Persons: —, Donald Trump's, Barron, Trump, Ross, he's, Ross —, Barron Trump, gifting Trump, that's, Andrew Tate, influencer Logan Paul, Kamala Harris isn't, Kamala, XCX, Olivia Rodrigo, Cardi, Megan Thee Stallion Organizations: Service, Business, Trump, Rolex, YMCA, YouTube, NBA, Facebook, NBC, Democratic, Business Insider Locations: Florida, Elon, Atlanta

☆ Lindsey Graham says Trump needs to stop attacking Kamala Harris over her race: 'This is your election to lose'
▼ + stars: | 2024-08-05 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Sen. Lindsey Graham says Trump should ease off on making racially-charged remarks on Kamala Harris. Graham said Trump should slam Harris for her "judgment" rather than fixate on her "heritage." Go to newsletter preferences Thanks for signing up! AdvertisementSen. Lindsey Graham of South Carolina has a suggestion for his longtime ally, former President Donald Trump — lay off on all the racially charged attacks on Vice President Kamala Harris. In response, Graham said in a Fox News Sunday interview that Trump should focus less on Harris' heritage and more on her "bad judgment."

Persons: Sen, Lindsey Graham, Trump, Kamala Harris, Graham, Harris, —, Lindsey Graham of, Donald Trump — Organizations: Service, Democratic, Fox News, Trump, Business Locations: Lindsey Graham of South Carolina

☆ Lindsey Graham says if Trump wants to win, he should change his line of attack on Kamala Harris
▼ + stars: | 2024-08-05 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Sen. Lindsey Graham says Trump should change tack with his attacks on Harris if he wants to win. Graham said Trump should slam Harris for her "judgment" and track record. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSen. Lindsey Graham of South Carolina has a suggestion for his longtime ally, former President Donald Trump: Switch up your line of attack if you want to win the election.

Persons: Sen, Lindsey Graham, Trump, Harris, Graham, —, Lindsey Graham of, Donald Trump Organizations: Service, Democratic, Business Locations: Lindsey Graham of South Carolina

☆ China's city dwellers will soon have more pets than toddlers, and there's one way investors can cash in on the trend, Goldman Sachs says
▼ + stars: | 2024-08-05 | by ( Kwan Wei Kevin Tan | Aditi Bharade | ) www.businessinsider.com time to read: +6 min

Read previewChina's baby bust could see its urban pet population outnumbering the number of toddlers by 2030, investment bank Goldman Sachs wrote in a July 28 report. According to Goldman Sachs' forecasts, China will have more than 70 million urban pets by 2030. AdvertisementThe rise in pet ownership, the bank said, could help push China's pet food market to $12 billion by 2030. People having more pets than babies shouldn't be surprising considering how China is presently grappling with a demographic crisis. China's population shrank again in 2023, with the number of deaths exceeding the number of births by 2.08 million people.

Persons: —, Goldman Sachs, Lin Zhang, Zhang, Zheng Mu, Zheng, Cash, haven't, Bihan Chen, Emily Huang, Huang, Ann, Hunter van Kirk Organizations: Service, Business, country's National Bureau of Statistics, University of New, Zhang, National University of Singapore, National Association of Realtors, NAR, Bloomberg Intelligence Locations: China, country's, University of New Hampshire, Europe, East Asia

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