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Amazon, Google, Meta, and Microsoft are expected to churn through $300 billion in capex next year. The spending spree is driven by generative AI and LLM opportunities, says Morgan Stanley. Earlier this year, Bernstein forecast Big Tech capex of more than $1 trillion over five years. Related storiesRelated Video How tech layoffs could affect the economyIn Morgan Stanley's new estimates, Amazon saw the largest increase in future spending. In 2026, Amazon capex will climb even higher, to $105 billion, according to Morgan Stanley estimates.
Persons: Morgan Stanley, Amazon's, , Bernstein, Morgan Stanley's, Andy Jassy, We've, Jassy Organizations: Google, Microsoft, Service, Big Tech, Tech, Amazon Locations: capex
Eliza Evans, 38, inherited many items from her grandmother, who was an antique dealer. Grandma was in her element as she picked out the items she wanted. I told them I was going to set up a museum in my house to display the precious items. There were several trips to Goodwill over the years, but I still couldn't part with the sentimental stuff. Do you have an interesting story to share with Business Insider about decluttering or dealing with inherited "stuff" you don't need?
Persons: Eliza Evans, , We'd, Grandma, she'd, I'd, Chris, COVID, Evans, I've, There's, I'm Organizations: Service, Goodwill, Catholic, Swiss Army, Business Locations: Chicago, Florida, Virginia, Spain, Europe, Richmond
OpenAI has hired Meta's former hardware lead to head up its robotics team. Caitlin Kalinowski previously led Meta's AR glasses hardware team. Caitlin Kalinowski, who served as Meta's head of AR glasses hardware until July, said she was joining OpenAI to lead the company's robotics and consumer hardware efforts. "Thank you to the OpenAI team, Sam, Kevin Weil, PW, and to my friends and colleagues in engineering and beyond!" In May, Forbes reported that OpenAI had been hiring research engineers to rebuild the previously abandoned robotics team, something the company later confirmed.
Persons: OpenAI, Caitlin Kalinowski, Kalinowski, , Sam, Kevin Weil, Orion, Jony, Laurene Powell Jobs, Steve Jobs Organizations: Service, Orion, Forbes, Intelligence, Apple, The New York Times, Business
Helping fund that growth has been growing demand for retirement products, said CEO Marc Rowan. Here's Rowan's case for why your nest egg is the next frontier for the alternative asset manager. Helping to fund those loans is Apollo's retirement business, which Apollo CEO and cofounder Marc Rowan sees as the investment firm's "single biggest opportunity" for future growth. A slide from Apollo's earnings presentation that highlights inflows into Apollo's lines of business. Advertisement"I do envision a day when we will be talking about 60-40 portfolios that are comprised of public and private," Rowan said.
Persons: Marc Rowan, Here's, , There's, Rowan, Athene, Apollo Rowan, unravels ChatGPT, Trump, Rowan hasn't Organizations: Apollo Global Management, Service, Apollo Global, North Star
More executives are seeking protection, a private security firm chief told The Financial Times. Steve Jones, the chief executive of security company Allied Universal, told The Financial Times that global political instability had created increased demand for security services. AdvertisementLast year, Alex Bomberg, chief executive of Intelligent Protection International, told Financial News that demand for executive security had doubled in 12 months. According to Allied's World Security Report, in 2022, companies lost more than $1 trillion in revenue due to physical security incidents. AdvertisementOne in four publicly listed companies reported a drop in their value after a physical security incident over the last year, the report said.
Persons: Steve Jones, Jones, We've, Allianz's, Mark, Sundar, Alex Bomberg, It's, that's Organizations: Financial Times, Service, Allied Universal, Fortune Business, Trump, Allianz Insurance, Palestine, Group, Web Services, Google, Business, Companies, Meta, Intelligent Protection, Financial News Locations: Israel, Washington ,, Germany
I went on a nine-day trip aboard the Scenic Spirit, a luxury river cruise that holds 68 guests. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Enter the luxury river cruise. An all-inclusive river cruise sailing can cost more than triple what you'd pay for a basic cabin on a megaship. This year, I went on one aboard the Scenic Spirit, which holds up to 68 guests.
Persons: , Siem Organizations: Service Locations: Vietnam, Cambodia
For many Americans, election night is a chance to blow off steam after an intense few months of campaigning that included a last-minute candidate switch and two assassination attempts. The homebodies are also set to make their economic mark on election night. In 2020, one food delivery company showed sales increased 20% on election night compared to the Tuesday prior. With tensions high, the country is bracing for civil unrest after the election , writes BI's Katie Balevic. The 2024 presidential race is already the most litigated in history, with more than 200 pending preelection lawsuits across 40 states , writes BI's Natalie Musumeci.
Persons: , Insider's Juliana Kaplan, Kamala Kush, MAGA, rita —, Brian Williams, James Carville, Shepard Smith, BI's Lucia Moses, Williams, Jonathan Wald, Tim Paradis, ResumeBuilder.com, Katie Balevic, BI's Natalie Musumeci, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Amazon, Veteran, American Psychological Association Locations: Brazil, Colombia, Chile, South Africa, New York, London
Some US embassies in Europe are skipping traditional election-night viewing parties. Similarly, Politico spoke to then-Ambassador Anthony Gardner, who hosted a 2016 viewing party at the US Embassy in Brussels. A senior diplomat in Europe, who was not named, told Politico that the 2016 embassy events had been "calamitous." There's another, more practical reason some embassies may be forgoing a traditional viewing party. AdvertisementSimply put, the outcome may not be clear on election night — it could drag on for days or possibly weeks.
Persons: , Kamala Harris, Donald Trump, Samantha Power, Madeleine Albright, Gloria Steinem, Hillary Clinton, Anthony Gardner, Trump, There's Organizations: Service, Politico, United Nations, UN, HBO, Trump, White Locations: Europe, London, Paris, Brussels, Berlin, Rome
Polls close Tuesday night, but it's unclear when we'll know the results of the 2024 election. Some states' election laws allow for some votes to be counted before polls close; others do not. Here's where things stand — and what to watch for on election night. 7 p.m. — Polls close in Georgia, where a winner could be declared by late Tuesday night. AdvertisementThe winner must get at least 270 electoral votes — a majority of the 538 total.
Persons: we'll, , Kamala Harris, Donald Trump, Joe Biden, Harris, Trump Organizations: Service, Keystone State, Pennsylvania, CNN, College, Electoral, Trump, Sun Locations: Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Time, North Carolina, Pennsylvania . Michigan, Pennsylvania, Democratic, Milwaukee, Nevada, Pennsylvania , Michigan, Arizona , Nevada , Georgia
A dietitian said that measuring foods for a brief period help with knowing how many calories to eat. She said that her goals are to lose fat and maintain muscle. AdvertisementMockler said she loves that Silvia is prioritizing mostly whole foods, protein, and lots of plants. "She focuses a lot on protein, which is fantastic for both fat loss (keeps you full) and maintaining muscle (protein helps build muscle)," Mockler said. "She didn't mention how much protein she eats, but generally 1.6 to 2.2 grams per kilogram of body weight is a safe range for active individuals looking to build or maintain muscle."
Persons: , Silvia, Kara Mockler, Mockler, seltzer, Silvia isn't, carbs Silvia, carbs, needn't Organizations: BI's Nutrition Clinic, Service, Insider's Nutrition Clinic Locations: carbs, Cava
Both KFC and Burger King saw sales fall in the US in Q3. On Tuesday, Burger King owner Restaurant Brands International and the parent company of KFC followed in its footsteps. AdvertisementMeanwhile, Restaurant Brands International, which owns chains including Burger King, Tim Hortons, and Popeyes, reported a weaker-than-expected 0.3% increase in same-store sales across the group for Q3. McDonald's, KFC, and Burger King are among those trying to lure back diners with new value menu deals. Some consumers say they're increasingly turning to independent restaurants, casual dining chains, or home cooking to get a better deal.
Persons: It's, , McDonald's, Burger, Taco Bell, Burger King, Tim Hortons Organizations: KFC, Burger King, Service, Restaurant Brands, ! Brands, Taco, Burger, Taco Bell Locations: Popeyes
Ray Dalio says identifying your basic needs and ensuring they're covered is key to a happy life. Dalio told a podcast that the national debt, political infighting, and foreign rivals threaten the US. AdvertisementRay Dalio says figuring out your fundamental needs and setting aside enough cash to cover them is key to solving money troubles. Higher inflation and interest rates have made the economy a key concern for voters ahead of the presidential election. Failing to unite the country could result in revolution and subpar management, which Dalio deemed the "greatest risk" from a political standpoint.
Persons: Ray Dalio, Dalio, , Tom Bilyeu's, you've, They've, Donald Trump, Kamala Harris, who's Organizations: Service, Bridgewater Associates, Bloomberg, Republican, Democratic Locations: China, Russia
Apple is doing research into the smart glasses market, Bloomberg reported. The report comes amid weak Vision Pro demand and flashy smart glasses demos from competitors. AdvertisementApple is possibly considering entering the smart glasses market even as it reportedly scales back Vision Pro production. The AI-enabled smart glasses have cameras, speakers, and a microphone, and they can be worn and used on the go. If Apple's goal is to rival Meta's unreleased Orion glasses, it has time to work on its product.
Persons: Meta's Orion, , Meta, Meta's Ray, Mark Zuckerberg, Oprah, Apple didn't, William Kerwin Organizations: Apple, Bloomberg, Service, Tech, Business, Morningstar
Tesla is falling behind in China as BYD's hybrids take off. Hybrid sales have helped to drive up overall plug-in sales in China this year. AdvertisementPlug-in sales in China (which include hybrid models) increased nearly 51% in October compared to last year, and the segment accounted for more than half of all car sales in China last month. Related storiesWhile Tesla continues to focus on battery-powered vehicles solely, BYD has grown its market share in China with popular hybrid offerings. At an earnings reporter earlier this year, Musk blamed a focus on hybrids for eating into Tesla's sales.
Persons: Tesla, , Elon, BYD, Musk Organizations: Tesla, Service, China Passenger Car Association, EV Locations: China, Shanghai
He doesn't censor the kids, leading to many open and honest conversations. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The difference is that in my house, we talk openly about it because I'm determined not to censor the kids. We don't allow the kids to complain about one another unless the person they're talking about is in the room. AdvertisementI still have boundaries with the kidsEven though I don't sensor the kids, we still have boundaries.
Persons: Adam Feuerstein, , they're, I've, It's, who's, I'm, Michelle Organizations: Service
Target released an update to its app to curb a shopper behavior workers call the "double tap." Workers previously said drive-up order customers caused chaos by waiting until arrival to tap a button saying they were en route. Whether by accident or on purpose, hundreds of Target drive-up customers using the retailer's mobile app arrive each day in the stores' parking lots before hitting the "I'm on my way" button. Now, following a mobile app released last week, shoppers will no longer be able to "double-tap" their drive-up orders. The company confirmed the change to Business Insider and said it continues to look for ways to improve the app for both workers and customers.
Persons: , hasn't Organizations: Workers, Service, Business Locations: New York, Wisconsin
Last year, I was sick of driving during a road trip, so I hopped on the Grand Canyon Railway. The train departs from Williams, Arizona, and drops travelers off at the park's South Rim. The ride took twice as long as driving would've, but it was a new way to explore a national park. AdvertisementBy the time I reached Williams, Arizona, my hands felt permanently bound to my van's steering wheel. It was only day four of my 13-day road trip.
Persons: , ProMaster van Organizations: Railway, Service Locations: Williams , Arizona, Williams, Arizona
A 14-year-old invented a handheld device that uses AI to detect pesticides on produce. It attaches to a smartphone and uses AI to detect the presence of certain pesticides on common produce. Courtesy of 3MTo use it, you download a phone app, point Pestiscand at the fruit or vegetable, and tap the scan button, Subash told Business Insider. Holger Leue/Getty ImagesEven though washing produce may not remove all pesticides, it's one of the best ways to reduce your exposure, de Montagnac said. She recommends washing for 15 to 60 seconds depending on the produce — for produce that typically contains a lot of pesticides, wash longer.
Persons: , Subash, Subash wasn't, Gilles Benoit, Alexis Temkin, Benoit, Holger Leue, Montagnac, Temkin Organizations: Service, Business, Environmental Locations: EWG
Zaslav wanted a deal to happen. The problem, per Paramount: Zaslav didn't want to write a big check to Paramount owner Shari Redstone. What wasn't well-known: Zaslav spent months hanging around the basket, hoping that he could somehow land a Paramount deal. AdvertisementA week later, Paramount says, Zaslav talked to Bakish and told him he'd still love to make a deal. AdvertisementSo here we are today, nearly a year after WBD and Paramount first discussed a deal.
Persons: David Ellison, Larry Ellison's, David Zaslav, Zaslav, Shari Redstone, , Ellison, Larry, I've, WBD, Per, Bob Bakish, Bakish, he'd, Shari Redstone's, Paramount's Organizations: Paramount, Warner Bros ., SEC, Service, ers, Warner Bros Locations: writedowns, Zaslav
I tried Rachael Ray and Martha Stewart's workout routines for a week each. I preferred Stewart's routine because it was more diverse and included yoga and cardio. 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 . In an effort to change things up, I decided to try the workout routines of celebrity chefs Martha Stewart — the subject of the recently released Netflix documentary, "Martha" — and Rachael Ray.
Persons: Rachael Ray, Martha Stewart's, , I've, Martha Stewart —, Martha Organizations: Service, Netflix
"Until I Kill You" is about Delia Balmer's relationship with the so-called Scalp Hunter killer, John Sweeney. Advertisement"Until I Kill You" tells the story of a nurse who survived being attacked by her ex-boyfriend, a serial killer known as the "Scalp Hunter." ITVXAs seen in the series, which is based on Balmer's book, Sweeney and Balmer started dating in the early 1990s. Sweeney went on the run and remained at large for six years until February 2001. Police arrested him in London and he was given four life sentences for attempting to kill Balmer.
Persons: Delia Balmer's, John Sweeney, Balmer, Sweeney, , Netflix's, Shaun Evans, Delia Balmer, Anna Maxwell Martin, It's, Melissa Halstead, Paula Fields, Halstead, Justice Saunders, ITVX Balmer, I've, I'm Organizations: Service, ITV, Police, Advertisement Police, Guardian, BBC Locations: British, Amsterdam, Rotterdam, London, Leicestershire, Regent's Canal, Camden, Switzerland, Fields
Matthew Lillard starred as Shaggy in two "Scooby-Doo" movies, but Warner Bros. scrapped its sequel plans. With his career on a downturn, he considered accepting an offer to join "Dancing with the Stars." AdvertisementMatthew Lillard almost went on "Dancing with the Stars," but his decision to turn it down marked a major turning point in his career. 1 on the call sheet for the next 10 years of movies," Lillard told BI of his expectations at the time. And I was like, if I do 'Dancing with the Stars,' I'll never win an Academy Award," Lillard recalled.
Persons: Matthew Lillard, Shaggy, , Lillard, Warner, I'd, Michael Buckner, William Afton, He'll, Mike Flanagan's buzzy, Chuck Organizations: Warner Bros, Service, Business, WB, Variety Locations: Hollywood, Universal's
However, a debt consolidation loan isn't a one-size-fits-all solution, says CFP Uziel Gomez. While I try to avoid carrying high-interest debt and aim to pay my credit card balance in full each month, as a financial coach, people often come to me feeling overwhelmed and wanting help with looming credit card debt. Sometimes, a debt consolidation loan can help, but it's not always the answer. If someone isn't ready for debt consolidation, Gomez recommends whittling away at your credit card payments using either the snowball or avalanche debt payoff method. You haven't established good habitsIf you haven't established good habits to keep your credit card spending to a minimum, it's probably best not to consider a credit card debt consolidation loan or balance transfer card.
Persons: Millennials, Xers, Uziel Gomez, , it's, that's, Gomez, there's, whittling, he's, haven't, let's Organizations: Service, New York Federal Reserve, Primeros Locations: LA
Tesla has criticized the US government's plans to ban Chinese software from US cars. President Joe Biden announced plans to ban Chinese software after clamping down on China's EV giants. AdvertisementTesla has criticized plans to ban Chinese tech in US cars, warning that doing so risks burying automakers in a deluge of red tape. Related VideoThe Biden administration unveiled plans to ban Chinese and Russian tech from internet-connected cars in September. Officials warned that cars with Chinese components posed a threat to national security and the privacy of US citizens.
Persons: Tesla, Joe Biden, , Biden, Elon Musk Organizations: China's EV, Service, Telegraph, Officials, EV Locations: China
"Sweet Bobby: My Catfish Nightmare" is the latest true crime documentary to hook Netflix viewers. Advertisement"Sweet Bobby: My Catfish Nightmare" is the latest internet scammer documentary to grab the attention of Netflix viewers. But within that genre, internet-focused crime documentaries are thriving on the streamer. AdvertisementIn 2022 Netflix's "The Tinder Swindler" became one of the streamer's most-watched documentaries, sparking memes and raising awareness of dating app scams. Here are seven internet-focused true crime shows and documentaries to watch after "Sweet Bobby: My Catfish Nightmare."
Persons: Bobby, , Jeffrey Dahmer Organizations: Netflix, Service
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