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☆ Credit Card Companies Are About to Invent New Fees for Consumers
▼ + stars: | 2024-04-07 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Some of those annoying fees on your credit card may soon be getting smaller. Banks and credit-card companies are almost certainly trying to figure out where else they squeeze money out of you. The response to the interchange-fee settlement has been a bit more muted: The Electronic Payments Coalition, which represents Visa, Mastercard, and other credit-card companies, said it was OK with the swipe-fees cap. Taken together, it's clear that many companies in the credit-card business would rather not be dealing with this situation. According to the Merchants Payments Coalition, Mastercard is now planning to increase different credit card fees soon, it's "network assessment" fee.

Persons: Banks, Matt Schulz, JPMorgan Chase, Mark Elliot, Doug Kantor, Mark Mason, Rich Fairbank, We've, it's, Ira Rheingold, Amanda Jackson, Emily Stewart Organizations: Consumer Financial, Mastercard, Visa, Bank Policy Institute, Electronic Payments Coalition, UBS, JPMorgan, American Express, National Association of Convenience Stores, Merchants Payments Coalition, Capital, JPMorgan Chase, National Association of Consumer, Companies, Financial Reform, Business

☆ Trump Media cofounders were limited to coach flights and lodging under $150 a night while establishing the former president's media empire
▼ + stars: | 2024-04-04 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

According to their contract, Trump Media & Technology Group's cofounders, Andrew Litinsky and Wes Moss, were limited to cheap flights and hotels as they were entrusted to take Trump's media empire public. The expenses outlined in the contract are a far cry from the typical lavishness executives, let alone social media cofounders, are afforded. As Business Insider's senior correspondent Emily Stewart noted, Trump Media makes close to nothing. The company's financial statements reveal that Trump Media made $4.1 million last year and lost $58 million. A spokesperson for Trump Media declined to comment.

Persons: —, Donald Trump's, cofounders, Andrew Litinsky, Wes Moss, Moss, Litinsky, Moss weren't, Emily Stewart Organizations: Service, Trump Media & Technology, Business, United Atlantic Ventures, Trump, Trump Media, Litinsky Locations: Moss, Litinsky

☆ 'Green Bubble Stigma' Shows Apple's Power to Create a Prestige Brand
▼ + stars: | 2024-04-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

One thing that is definitely not "cool," it seems, is having a green text bubble. In the filing, it says people without Apple devices often feel a "social stigma, exclusion, and blame for 'breaking' chats where other participants own iPhones." "Brands that have a really well-established image, Apple's cool image, for instance, that they worked on to establish over the years — consumers really see that as a legitimate signal of their own coolness to themselves and other people." Consumers really care about using products and brands to express who they are to themselves and the world around them. And if you've ever watched "Ted Lasso" or anything else on Apple TV+, you've perhaps noticed iPhones and Apple products are ubiquitous.

Persons: Apple, Steve Jobs, you've, Ted Lasso, Louis Vuitton, Joseph Nunes, they're, They're, Joshua Clarkson, Nunes, that's, doesn't, Ordabayeva, Emily Stewart Organizations: Apple, Justice Department, Dartmouth's Tuck School of Business, Brands, Samsung, Google, Motorola, USC Marshall School of Business, University of Cincinnati, Consumers, Business Locations: New Jersey, Cupertino , California, iMessage

☆ Green Bubble Stigma: Apple's Genius Marketing Trick to Make iPhones Cool
▼ + stars: | 2024-04-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

☆ DJT SPAC: Trump Media's Stock Price Is Probably Going to Crash
▼ + stars: | 2024-04-01 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

Donald Trump's newly public social-media company is not the next Nvidia — or Meta or Google or whatever has happened with X/Twitter. It seems, let's say, unlikely that his media company's stock price is going to stay so high forever. AdvertisementFor one thing, TMTG, which owns the conservative Twitter copycat Truth Social, makes basically nothing. Truth Social and any other business Trump Media and Technology Group spins up is pretty much guaranteed to appeal just to Trump fans. Might Trump and Truth Social be different, at least on the stock front?

Persons: Donald Trump's, Trump, Peter Thiel, Peter Kafka, aren't, Don Jr, Emily Stewart Organizations: Nvidia, Trump Media, Technology Group, Hasbro, Trump, Apple, Facebook, Twitter, YouTube, Republicans, White, GameStop, AMC, Business Locations: SPAC

☆ The Age of AI BS: Companies Are Exaggerating What Their Tech Can Do
▼ + stars: | 2024-03-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

The Securities and Exchange Commission's chair, Gary Gensler, recently warned about "AI washing," or companies giving off a false impression that they're using AI so they can amp up investors. And while some companies are simply exaggerating the tech they do legitimately use, others have taken it a step further. Most companies aren't being accused of breaking the law with their AI chatter, but they're definitely posturing around it. An analysis from Goldman Sachs found that 36% of S&P 500 companies mentioned AI in their fourth-quarter earnings calls, a record high. Even the Big Tech companies that are really moving and shaking in AI are on shifty ground at times.

Persons: Gary Gensler, Delphia, Goldman Sachs, Scott Kessler, Elon Musk, Adolf Hitler, it's, ChatGPT, Daron Acemoglu, Sam Altman, Ed Zitron, he's, It's, overselling, Angelo Zino, Microsoft's, Zino, Acemoglu, Emily Stewart Organizations: Securities, Exchange, SEC, Woodstock, Third, MIT, Prosperity, Nvidia, AMD, Broadcom, CFRA Research, Big Tech, Tech, Microsoft, Business Locations: San Jose , California

☆ Companies Are Luring Investors by Exaggerating What Their AI Can Do
▼ + stars: | 2024-03-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

☆ Elon Musk Isn't the Only One Using Drugs As a Work Performance Boost
▼ + stars: | 2024-03-24 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

You could get a mushroom that has a little bit more or a little bit less psilocybin ... which, depending on the activity of the day, might be more than you bargained for. Some corporate elites are seeking out psychedelic retreats to improve their leadership skills, shift their perceptions, and, in some cases, even bond with their teams. My main concern is that people understand the risk, any risk — bad-trip risk, psychiatric risk, or legal risk. "My main concern is that people understand the risk, any risk — bad-trip risk, psychiatric risk, or legal risk," Johnson said. A lot of executives and workers have a little bit of Elon Musk in them.

Persons: Elon, he's, Musk, à, Steve Jobs, they're, Greg Fonzo, Matthew Johnson, Sheppard Pratt, hasn't, Johnson, It's, Katrina Michelle, Rob Grover, Gary Logan, Grover, that's, Michelle, Justin Townsend, it's, performancewise, Townsend, Emily Stewart Organizations: SpaceX, Twitter, Center for Psychedelic Research, University of Texas, Austin's Dell Medical School, Center, Multidisciplinary Association for Psychedelic Studies, Marijuana, Elon Musk, Business Locations: New York, Vancouver , British Columbia, Jamaica

☆ The Trapped Economy: Americans Can't Buy a Home, Car, or Find a New Job
▼ + stars: | 2024-03-20 | by ( Emily Stewart | ) www.businessinsider.com time to read: +7 min

If you like your situation right now — your job, your house, your car — you can keep it. The labor market has cooled off somewhat, making it less advantageous to hunt for a new job. The car market is in a similar situation. Employers are hiring as if there's a relatively weak labor market, not a strong one. Yes, the labor market is strong, but it's not a great time to go looking for a new job.

Persons: Joanne Hsu, there's, they're, —, Dana Peterson, that's, it's, Matt Darling, Darling, Tamara Charm, Charm, Emily Stewart Organizations: University of Michigan, Labor Statistics, Conference Board, Companies, Employers, Niskanen, McKinsey, Business

☆ Consumers frustrated by the economy might never get the relief they're ultimately hoping for
▼ + stars: | 2024-03-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why the economy has most consumers feeling like they are stuck in place . A "trapped in place" economy is in full swing. Bad buying conditions coupled with everyday high prices means consumers can't make any major life changes , writes Business Insider's Emily Stewart. But it's not the only area of the economy that's stuck, Emily writes. So, while consumers lament being stuck in place, they should also avoid getting stuck looking to the past.

Persons: —, Rebecca Zisser, Emily Stewart, it's, Emily, gunning, It's, Jerome Powell's, Tyler Le, Steve Mnuchin, Brian Moynihan, Instagram, Jensen Huang, Chelsea Jia Feng, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Tech, Federal, Wall Street, Investors, Blackstone, JPMorgan, MLB, Bank of America, mojo, Nvidia, Astera Labs, NASDAQ Locations: It's, Chelsea, New York, London

☆ How to Post on LinkedIn in a Professional, Non-Cringe Way
▼ + stars: | 2024-03-18 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

The other day, a friend of mine liked one of my LinkedIn posts. AdvertisementWhy LinkedIn feels so cringeAs much as LinkedIn is a professional platform, something about it feels really personal. There's a reason social-media accounts like Best of LinkedIn, which pokes fun at over-the-top LinkedIn posts, exist. Given the weakness of the official advice, I decided to ask a bunch of people for tips on how to post in a non-cringe way on LinkedIn. I also asked a pair of social-media managers — one at Business Insider and one at a different company — for their thoughts on LinkedIn posting.

Persons: Nathan Allebach, It's, Sunny Xun Liu, thinkfluencers, it's, Brendan Gahan, there's, John Hickey, they're, Brandon Smithwick, Natalie Marshall, Natalie, Marshall, Allebach, Emily Stewart Organizations: LinkedIn, Stanford Social Media, Authority, Business Locations: There's

☆ Gwyneth Paltrow shares her easy-to-replicate longevity tips
▼ + stars: | 2024-03-16 | by ( Joi-Marie Mckenzie | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . DispatchThe mania over Trader Joe's mini tote bags and Stanley cups is indicative of just how fast today's consumer fads can come and go. Instead, it's (checks notes) a $2.99 Trader Joe's miniature tote that has shoppers in a frenzy. Trader Joe's played into a scarcity model too, forcing consumers to scramble to find them.

Persons: —, they've, Stanley, Chanel, Gucci, We've, Emily Stewart, They're, Joe's, TJ's, they'll, Gwyneth Paltrow, She's, Taylor, Rebecca Zisser, Gwyneth Paltrow preps, Fiona Chandra, Jenny Chang, Rodriguez, Duff Goldman, Esther Horvath, Getty, Claudia Totir, Elena Veselova, Tyler Le, Duff, Goldman, Jennifer Aniston, Lindsay Lohan, Taylor Swift, Chandra Wilson, Max, it's, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Dior, tote, Stanley, wilatlak, Chandra Wilson ABC, Disney, Netflix, Nickelodeon Locations: Africa, South Africa, Tanzania, California, wilatlak villette, Getty, Toom, Kirkland, New York

☆ How Trader Joe's Mini Tote Bags and Stanley Cups Became so Popular
▼ + stars: | 2024-03-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Trader Joe's mini tote bags are the new Stanley cups. Trader Joe's earlier this year released a limited-edition set of canvas bags that look like its normal-sized bags but are smaller. The Trader Joe's bags are cute, I guess? Ask someone who's not very online if they've heard about the Trader Joe's tote bags, and you'll probably get a "huh?" AdvertisementIf you got a coveted Trader Joe's mini tote bag, congratulations.

Persons: Stanley, Joe's, they're, Jesus, it's, Charles Lindsey, Lindsey, That's, Instagram, who's, they've, you'll, Valeria Penttinen, Bean, Jaehee Jung, TikTok, Jung, Emily Stewart Organizations: eBay, University of Buffalo, Trader, Northern Illinois University, Hydro, University of Delaware, Business

☆ How Fed Chair Jerome Powell's big decision could impact the upcoming presidential election
▼ + stars: | 2024-03-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Fed Chair Jerome Powell's rate-cut decision could impact the upcoming presidential election . The decision, which has massive economic implications, is now butting up against another monumental event: a US presidential election. AdvertisementThe collision course puts an incredible amount of power in Fed chair Jerome Powell's hands , Business Insider's Emily Stewart writes. The two Wall Street titans are no longer expecting a recession , with inflation cooling and the job market holding steady. Recent graduates are adjusting their career expectations amid signs that the job market is starting to weaken, according to labor experts.

Persons: —, Jerome Powell's, Powell, Chip Somodevilla, Matt Rourke, Sarah Silbiger, Alyssa Powell, Emily Stewart, It's, He's, Biden, Robert Alexander, Getty, Joe Biden, David Rosenberg, it's, BEOWULF SHEEHAN, Tyler Le, Carrie Sun, Chase Coleman, Jamie Dimon, Ray Dalio, Chelsea Jia Feng, Elon Musk, Tesla, Musk, Lily Lyman, who's, Dealogic, Anson Chan, Lil Wayne, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Bloomberg, Getty, Federal Reserve, Trump, Wall, titans, Chelsea, Tesla, Nvidia, BI, Medical Properties Trust Locations: Powell, New York, London

☆ Federal Reserve Chair Jerome Powell Will Help Decide the 2024 Election
▼ + stars: | 2024-03-11 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Beyond the academic argument, whether the Fed cuts interest rates has a significant political bearing this year. Voters are unhappy about higher prices, and they feel weighed down by high interest rates, too. Interest rates may seem abstract, but they can have a real impact on how people view their financial situations. But lowering interest rates should make people feel better about economic conditions and could give Democrats and Biden a boost. He's well aware lower interest rates would boost the economy, lift people's moods, and, ultimately, help the party in charge.

Persons: Jay Powell, — Donald Trump —, Powell, Joe Biden, Patrick McHenry, McHenry, Skanda Amarnath, it's, Larry Summers, Biden, Amarnath, — Trump, Hillary Clinton's, Richard Nixon, Ronald Reagan, Paul Volcker, Volcker, shied, Trump, Elizabeth Pancotti, Sarah Binder, Binder, what's, They've, Diane Swonk, Emily Stewart Organizations: Federal, Trump, Republican, Financial Services, Fed, Roosevelt Institute, George Washington University, Reserve, KPMG US, Business Locations: North Carolina, It's, America, Roosevelt

☆ Bitcoin's Wild Price Booms and Busts Are Going to Continue Forever
▼ + stars: | 2024-03-06 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

The main explanation for the recent gain in bitcoin's price is the Securities and Exchange Commission's begrudged blessing of spot bitcoin exchange-traded funds, investment vehicles that track bitcoin's price. As bitcoin ETF providers have to invest in the underlying assets — bitcoins — demand for those assets increases. "The speed of the come-up is much faster than I thought," he said, adding that he was specifically surprised at retail-trader activity in the bitcoin ETFs. (Also, not everyone agrees it will be good for bitcoin's price.) Or maybe, just maybe, the latest run will cement bitcoin's future as a more stable part of people's investment portfolios.

Persons: Bitcoin's, bitcoin, David Yermack, University's, who've, BlackRock's, Eric Balchunas, James Butterfill, it's, Butterfill, shiba inu, Nic Carter, Carter, Bitcoin, Yermack, Emily Stewart Organizations: bitcoin, University's Stern School of Business, Securities, Exchange, SEC, Wall, Fidelity, University's Stern School of, Bloomberg Intelligence, Federal Reserve, New York Community Bancorp, Castle, Ventures, Business Locations: New, bitcoin, BlackRock, David Yermack , New

☆ Sports Gambling Was a Gateway Drug to Online Gambling and the Lottery
▼ + stars: | 2024-03-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

As the prevalence of online betting grows, there's plenty of revenue to be had. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue. Of course, as fun as sports gambling is — as is gambling in general — it has some serious downsides for society. According to the National Council on Problem Gambling, 2 million Americans have a severe gambling problem, and another 4 million to 6 million a mild or moderate problem. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue.

Persons: Lia Nower, DraftKings, Jason Robins, iGaming, Robins, DraftKings isn't, —, West Virginia —, Chad Beynon, Benyon, they're, Nower, Chris Grove, Grove, There's, let's, I've, legalizes iGaming, Emily Stewart Organizations: Knicks, Sports, Disney, American Gaming Association, NBA, NFL, Center for Gambling Studies, Rutgers University, Golden Nugget, Caesars, MGM, Macquarie, Companies, Atlantic City, Acies Investments, EKG Ventures, Vegas, National Council, Business Locations: Washington, Boston, Dublin, — New Jersey , Connecticut, Delaware , Michigan, Rhode Island , Pennsylvania, West Virginia, New York, Atlantic, New Jersey, Jackpocket, America

☆ Wendy's New Dynamic Pricing Plan Isn't As Crazy As It Sounds
▼ + stars: | 2024-02-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +7 min

Knee-jerk reaction and poor messaging aside, dynamic pricing isn't really novel and may actually make some sense. Platforms such as Ticketmaster often use dynamic pricing models for concerts and sporting events. While dynamic pricing may have a long history and other fast-food chains may be watching with interest, Wendy's may have doomed its own experiment. AdvertisementWhen people think of dynamic pricing, they think of Uber and airlines. "When people think of dynamic pricing, they think of Uber and airlines.

Persons: Wendy's, it's, Kirk Tanner, aren't, John Shearer, Sean Dunlop, Jonathan Maze, Uber, they're, Dunlop, what's, doesn't, —, Biggie, Emily Stewart Organizations: Ticketmaster, Morningstar, Business, CNN, Wendy's Locations: —

☆ Job Market Reality: You Still Need a College Degree to Land a Good Gig
▼ + stars: | 2024-02-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Employers are increasingly saying you don't need a college degree to get hired, but secretly, you still kind of do. During the same period, the share of job postings asking for a college degree or higher fell to 17.8% from 20.4%. In 2023, The New York Times' editorial board applauded various efforts in the public and private sectors to ax degree requirements for jobs. Having inflated degree requirements perpetuates the cycle of inequities in the workforce." A move toward skills-based hiring is a good thing socially, economically, and practically.

Persons: George Floyd's, didn't, It's, Matt Sigelman, Cory Stahle, would've, you've Organizations: aren't, The New York Times, Carlton, Harvard Business School, Glass, Apple, Walmart, ExxonMobil, Glass Institute, Employers

☆ Why Framing Art, Posters, and Photos Is so Expensive
▼ + stars: | 2024-02-25 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

AdvertisementTake a spin around the internet, and it's clear that I'm not the only one with some questions about framing. For preservation purposes, framers will suggest acid-free, lignin-free materials so the art won't get damaged, which adds to the cost. "Glass is incredibly expensive, and part of it is because it's made specifically for picture framing. The day after I spoke with a manager at a midsize framing shop in Brooklyn, I followed up to ask about general price ranges on moldings and mats. How much did the thing you want to frame cost?

Persons: I'd, I've, Big, Hope Dye, they've, Dye, Sven Olsen, Michaels, Kevin Ivester, it's, wouldn't, Ivester, what's, They're, they're, Olsen, Framebridge, that's, Julia Lovett, Lovett, Austin, you've, Julia Mack, Emily Stewart Organizations: Studios, Michaels, Business Locations: Chicago, Mexico, Austin, Brooklyn

☆ Tech Layoffs Scare Employees but Make Wall Street Investors Happy
▼ + stars: | 2024-02-22 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

It may seem counterintuitive for Wall Street to reward companies for letting people go. After all, layoffs are usually thought to be a sign that the business isn’t doing so hot. And while a lot of the layoff talk is concentrated in tech, investors were also quite pleased about job cuts at Estée Lauder . Many companies took an aggressive approach to hiring during the pandemic, particularly tech companies whose engagement boomed while everyone was stuck at home. The tech companies developing AI products are the best positioned to try them out.

Persons: Estée Lauder, ”, Scott Kessler, Goldman Sachs, Sameer Samana, moonshot, Ted Mortonson, Baird, Kessler, ” Mortonson, hasn’t, Emily Stewart Organizations: Bloomberg, Third, Companies, Wells, Investment Institute, Business Locations: Samana

☆ Dealmaking is showing signs of life, but it comes with some downsides
▼ + stars: | 2024-02-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why M&A could be staging a comeback and which bankers made the most of 2023 . The big storyDealmaker's delighttatomm/iStock, Tyler Le/BIThree monster deals announced in less than a week has Wall Street wondering: Is M&A back? But after a dreadful 2022 and 2023, dealmaking is showing signs of life, Business Insider's Theron Mohamed writes. Capital One, Truist, and Walmart announced acquisitions totaling $53 billion this week, leaving bankers hopeful the good times (and fees) are back. Deals represent an exit opportunity for companies, giving their investors (some of whom are employees) a chance to cash out.

Persons: Tyler Le, Theron Mohamed, Biden, Alex Morrell, Reed Alexander, Alyssa Powell, Emily Stewart, Wall, it's, M, Getty, Jenny Chang, Rodriguez, Jensen Huang, Goldman Sachs, Carlos Delgado, Associated Press Rivian, Rivian, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Federal Reserve, Walmart, Activision Blizzard, ExxonMobil, Cisco, Acquisitions, Activision, Wall Street, Big Tech, Nvidia, ING, Microsoft, Associated Press, BI, Google, Walgreens, Sunshine State, CVS, Intuit, Nestle, Square Locations: Europe, Florida, VillageMD, New York, London

☆ Free Shipping and Free Returns From Online Shopping Are Dying. Good.
▼ + stars: | 2024-02-18 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Well, if you’ve ever bought stuff online and received free shipping or returns, you’ve also been a little bit of a jerk — and now it’s time to pay up. Fast, free shipping and easy, no-cost returns have become a baseline expectation in the modern online shopping experience. Instead of fighting for market share by offering free shipping and no-hassle returns, retailers are trying to squeeze more money out of every transaction. Free shipping is not actually free . Returns are a necessary and inevitable part of online shopping.

Persons: you’ve, —, ASOS, ” Neil Saunders, hasn’t, Emily Stewart Organizations: National Retail Federation, Appriss, Urban Outfitters, Saks, Amazon, Retailers, Business Locations: Zara, J.Crew, what’s

☆ Remote Employees Are More Likely to Get Laid Off; WFH Is Risky
▼ + stars: | 2024-02-15 | by ( Emily Stewart | ) www.businessinsider.com time to read: +7 min

Executives at the online furniture retailer Wayfair told its staff in January that remote workers were likelier to be hit in its latest round of job cuts. Add in long-term trends, like the decline in loyalty between employers and employees , and it's no wonder remote workers feel anxious about cuts. “It’s not too surprising,” Peter Cappelli, a management professor at the Wharton School who has never been a big fan of remote work, said. “That is something remote workers should be thinking about as they’re engaging with supervisors,” she said. Remote workers aren’t doomed to the unemployment line, but they may want to try a little extra to get noticed.

Persons: Wayfair, ”, Dell, Goldman Sachs, “ It’s, ” Peter Cappelli, “, Nick Bloom, ” Bloom, Emily Dickens, ” Prithwiraj Choudhury, ” Joseph Fuller, pang, Emily Stewart Organizations: IBM, Reuters, Google, Wharton School, Stanford, Society for Human Resource Management, Harvard Business School, Employers, Workers, “ Workers, Staff, Business

☆ Millennials Won the Stock Market Boom, Proved They're Good Investors
▼ + stars: | 2024-02-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +4 min

It turns out the Robinhood crowd was onto something when they piled into the stock market during the pandemic. As of 2019, people under 40 held 4.9% of total US wealth even though they’re 37% of the population. People over 54, who make up a similar share of the population, held 71.6% of total wealth. Nearing the end of 2023, under-40s controlled 6.7% of total wealth, while those over 54 had 72.8%. Now, the challenge is to try to keep at it, get some more luck in the stock market and, God willing, their own homes.

Persons: —, Young, Millennials, Zers, they’re, “, Nick Colas, ”, Colas, Ernst & Young, It’s, millennials, Emily Stewart Organizations: Federal Reserve Bank of New, New York Fed, DataTrek, Ernst &, Bloomberg, Business Locations: Federal Reserve Bank of New York, America

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