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Search resuls for: "Marielle Descalsota"


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☆ Meet Changpeng 'CZ' Zhao, the CEO of Binance, which is being sued by the CFTC over claims the exchange lacked 'basic compliance to prevent terrorist financing'
  + stars: | 2023-03-28 | by ( Marielle Descalsota | Pete Syme | ) www.businessinsider.com   time to read: +1 min
Changpeng Zhao is the founder and CEO of Binance, the world's largest cryptocurrency exchange. With a net worth of $16.4 billion as of November 9, he's the 87th-richest person in the world, according to the Bloomberg Billionaires Index. His real-time estimated net worth is a far cry from the peak of his personal wealth: His net worth peaked at $95.9 billion earlier this year, the Bloomberg Billionaires Index shows. Zhao founded Binance in 2017 and powered it to become the biggest cryptocurrency exchange by trading volume. The exchange handles some $76 billion in daily trading volume, according to Protocol.
☆ Multi-strat hedge funds like Citadel and Millennium are the new big banks
  + stars: | 2023-03-22 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
There's an old saying on Wall Street: You can only leave Goldman Sachs once. Insider's Alex Morrell has a fascinating look at how Goldman Sachs' top executives have headed to some of the top hedge funds in the world in recent years. Poaching talent is a longstanding tradition on Wall Street, and the path from the investment banks to the buy side is a well-worn one. It's an indication of the shifting tides on Wall Street between the firms that traditionally held all the power (big banks) and the ones usurping them (multi-strat hedge funds). Click here to read more about how Goldman Sachs alumni are getting poached by the world's biggest hedge funds.
☆ Antigua and Barbuda is preparing to auction off an 'abandoned' $81 million superyacht linked to a Russian oligarch, reports say
  + stars: | 2023-03-08 | by ( Marielle Descalsota | Kate Duffy | ) www.businessinsider.com   time to read: +2 min
An $81 million superyacht linked to a Russian oligarch is reportedly set to be auctioned off. The 81.2-meter Alfa Nero has been linked to Russian chemicals magnate Andrey Guryev. An Antigua and Barbuda government minister reportedly said the "abandoned" yacht risks becoming a "hazard." The 81.2-meter Alfa Nero was built by Oceanco and can accommodate 12 guests in six staterooms and 28 crew, according to Boat International. The Treasury department said in August that the Alfa Nero was a "blocked property" of Guryev's, and that he reportedly bought the yacht for $120 million in 2014.
☆ Late oil tycoon T. Boone Pickens' massive Texas ranch just sold at a $60 million price cut after 5 years on the market — take a look inside
  + stars: | 2023-03-02 | by ( Madeline Stone | Libertina Brandt | Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
After languishing on the market for years, late oil tycoon T. Boone Pickens' massive Texas ranch has finally found a buyer. Mesa Vista RanchIn 2017, the late oil magnate listed his ranch in the Texas Panhandle, northeast of Amarillo, for $250 million. Five years later, the estate was sold — but for $60 million less than its listed price. But on January 14, 2020, the property received a $30 million price cut, reported Mansion Global. In late November, Pickens' estate finally sold, but at a further reduced price, Jay Rosser, a longtime representative for Pickens, told Insider.
☆ The 7 best college majors to choose if you want to make a lot of money in your first job — and no surprise, they're are all in STEM
  + stars: | 2023-03-02 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
The highest-earning graduates majored in engineering and science, and earned a median salary of at least $70,000, according to an analysis by the New York Federal Reserve. STEM graduates typically earn more than their liberal arts counterparts. Nitat Termmee/Getty ImagesThe New York Federal Reserve collated data on how much recent college graduates earned, between the ages of 22 to 27 in 2021. The New York Federal Reserve found the seven highest-paying majors were in the STEM industries, specifically engineering and science majors. Out of the seven best-earning majors, six were in engineering fields, while one was in science.
☆ The 6 worst college majors to choose if you want to make a lot of money in your first job, from psychology to hospitality
  + stars: | 2023-02-28 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
Barry Austin PhotographyThe analysis, published in February, took into account the earnings of recent college graduates and explored the labor market according to their college major. The New York Federal Reserve's data analyzed the median salaries of graduates aged between 22 to 27 years old in 2021. The New York Federal Reserve found the six lowest-paying majors fall under social sciences and liberal arts. Take a look at how much the lowest-paying majors are earning, according to the New York Federal Reserve's data. Entrants are arranged from the highest median salary to the lowest.
☆ The top 10 most popular US towns where millionaires are snapping up second homes
  + stars: | 2023-02-17 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
Some of the wealthiest Americans are flocking to real estate hotspots across the US to purchase vacation homes. Miami Beach, a location where many of these vacation homes are located. Many of these millionaires purchase their vacation homes in beachfront areas and towns near the Rocky Mountains. Take a look at 10 of the most popular towns for centi-millionaires to purchase a second home in. These towns are arranged according to the number of centi-millionaires living there in December 2021.
☆ As a kid, I died my hair blonde to fit in. As an adult, I've made it my mission to help Asian women boost their confidence.
  + stars: | 2023-02-16 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +4 min
Sheena Yap Chan is an author and podcast host who helps Asian women improve their confidence. She shares three steps Asian women should take to break these stereotypes. I made it a mission to learn about my culture deeply and formed a community of Asian women who could look out for one another. Now, 34 years later, I'm on a mission to help Asian women gain the courage to embrace our identities. My first book, "Women Who Boss Up", profiles over a dozen Asian women who excel in industries like STEM and finance, despite the many challenges they faced.
☆ Brazil just sank its biggest warship into the Atlantic Ocean after failing to sell it for scrap metal. The ship was big enough to carry 39 aircraft — take a look.
  + stars: | 2023-02-08 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
ANNA ZIEMINSKI/AFP via Getty ImagesIn March 2021, the Brazilian Navy sold the aircraft carrier as scrap to a shipyard in Turkey. But the ship was rejected by Turkish authorities as it had asbestos, a toxic material often found in 20th century ships. After circling along Brazil's coast for five months after it was rejected by Turkey, the warship was moved into international waters, Time reported. It was a controversial move: Several environmental rights organizations opposed the sinking of the ship because of the asbestos it contained. "The sinking of the aircraft carrier Sao Paulo throws tons of asbestos, mercury, lead and other highly toxic substances into the seabed," Greenpeace said in a statement, per Reuters.
☆ The Taliban requires all mannequins' heads be covered or cut off. Eerie storefront photos offer a glimpse of Afghanistan's new reality.
  + stars: | 2023-01-31 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
In Kabul, the capital of Afghanistan, mannequins were once a symbol of fashion and culture. But in the past year, shop owners have resorted to displaying them headless or covered in cloth, just to keep their stores open. AP Photo/Ebrahim NorooziIn August 2021, the Taliban announced that shop owners must remove the heads of their mannequins, or do away with them all together. But several shop owners pleaded with the Taliban to let them keep their mannequins intact. Azizi told Insider that the Taliban forced locals to deface banners displaying photos of fashion models before trying to totally ban the use of mannequins.
☆ The Taliban requires that all mannequins' heads be covered or cut off. Interviews with locals and eerie photos of storefronts offer a glimpse of Afghanistan's new reality.
  + stars: | 2023-01-31 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
In Kabul, the capital of Afghanistan, mannequins were once a symbol of fashion and culture. But in the past year, shop owners have resorted to displaying them headless or covered in cloth, just to keep their stores open. AP Photo/Ebrahim NorooziIn August 2021, the Taliban announced that shop owners must remove the heads of their mannequins, or do away with them all together. But several shop owners pleaded with the Taliban to let them keep their mannequins intact. Azizi told Insider that the Taliban forced locals to deface banners displaying photos of fashion models before trying to totally ban the use of mannequins.
☆ Southwest Airlines to pay pilots millions in bonuses as 'gratitude' for working during meltdown: CNN
  + stars: | 2023-01-23 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +3 min
Southwest will pay pilots an estimated $45 million in bonuses for working during the service meltdown last year, per CNN. Some 9,400 pilots are expected to be paid 50% of their regular pay, CNN reported. Southwest employs some 9,400 pilots who are expected to be compensated 50% of their regular pay, CNN reported, citing a message sent by the Southwest Airlines Pilots Association to a member. These bonuses, or "gratitude pay," are meant to compensate pilots for working through the airline's service meltdown last December, the report states. Southwest Airlines CEO Bob Jordan took responsibility for the carrier's operational meltdown over the recent holiday season.
☆ The world's biggest plane has wings longer than a football field. Take a look at the Stratolaunch Roc, which just completed a 6-hour test flight in the Mojave Desert.
  + stars: | 2023-01-20 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: 1 min
The Stratolaunch Roc is the world's biggest aircraft. It's a mothership aircraft, which means it's designed to carry rockets and smaller vehicles. Stratolaunch Roc in flight. Courtesy of StratolaunchThe Stratolaunch Roc is not only the world's biggest airplane by wingspan, but the biggest all-composite plane ever constructed. As a mothership aircraft, it is designed to carry air-launch-to-orbit rockets and hypersonic vehicles.
☆ A $4.4 billion US destroyer was touted as one of the most advanced ships in the world. Take a look at the USS Zumwalt, which has since been called a 'failed ship concept.'
  + stars: | 2022-12-27 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: 1 min
The USS Zumwalt is the lead ship among three Zumwalt-class destroyers. The guided-missile destroyer USS Zumwalt transiting Naval Station Mayport Harbor on its way into port in Jacksonville, Florida, on October 25, 2016. Timothy Schumaker/AFP/Getty ImagesThe USS Zumwalt was named after Adm. Elmo Zumwalt, the youngest chief of naval operations in US history. The ship is a guided-missile destroyer, which means its main purpose is to provide antiaircraft support to the US Navy's fleet. The Navy has two other Zumwalt-class destroyers: the USS Michael Monsoor and the USS Lyndon B. Johnson.
☆ United ranks second-best airline in the world, a new analysis says — see its list of the world's 10 best airlines
  + stars: | 2022-12-14 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +2 min
Travel website AirHelp ranks the world's best airlines on three metrics: on-time performance, customer opinion, and claims processing. Contributor/Getty ImagesLaunched in 2015 by German claims-management company AirHelp, AirHelp Score is an annual ranking of the world's top airlines. These airlines are evaluated based on three criteria — on-time performance, customer opinion, and claim processing — and are scored on a 10-point scale. 'On-time performance' measures the percentage of an airline's flights that arrive within 15 minutes of their published arrival time. Take a look at the 10 airlines that were ranked the best in the world this year by AirHelp.
☆ 6 of the 10 worst cities in the world for expats to live in are in Europe — see the list
  + stars: | 2022-12-01 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +1 min
Networking site InterNations has released its latest ranking of best and worst cities for expats, and Europe accounts for some of the best cities — and some of the worst. Alexander Spatari/Getty ImagesInterNations surveyed almost 12,000 expats living in 181 countries from February 1 to February 28. Expats surveyed included foreign assignees, international hires, and individuals who relocated to other countries to look for work. InterNations said what stood out to the expats surveyed was the affordability of public transportation and how safe they felt in the city. Keep reading to see the list of the worst cities in the world for expats to live in.
☆ Judge proposes Theranos CEO Elizabeth Holmes serve her 11-year sentence in a 'minimum-security' Texas prison camp
  + stars: | 2022-11-23 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +2 min
A district judge proposed for Holmes to be sent to a prison camp at Bryan, Texas, court records show. Holmes was sentenced to 135 months in prison on November 18. District Judge Edward Davila recommended for Holmes to be designated to the Federal Prison Camp at Bryan, Texas, according to a November 21 filing. The Federal Prison Camp in Bryan is a minimum-security prison that houses female inmates. Holmes was sentenced to 135 months, or 11 years and 3 months, in prison on November 18.
☆ A cat snuck into a Delta passenger's suitcase and was found by TSA in an X-ray image
  + stars: | 2022-11-23 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +2 min
A stowaway cat had snuck into a man's suitcase at JFK Airport, TSA said. TSA discovered the cat in an X-ray image, after staff noticed the outline of the animal. On November 16, TSA officers noticed the outline of a cat in an X-ray image during the screen of a passenger's suitcase, spokesperson Lisa Farbstein told The Washington Post. A photo posted by Farbstein showed the cat's rust-colored fur peeking from the zipper of the suitcase. One photo of the X-ray image showed a glowing red outline of the cat, and several of the passenger's belongings, which included wine glasses and bottles, as well as flip flops.
☆ An ex-Facebook manager says she got Meta's layoff email at 5.35 a.m. while on maternity leave
  + stars: | 2022-11-21 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +3 min
A Facebook manager of over two years said she was laid off while on maternity leave. Meta laid off 11,000 employees, or 13% of its workforce. Patel said she received Meta's layoff email at 5.35 a.m. after several of her coworkers sent her text messages saying they were laid off. Patel, former director of communications at Eventbrite, said she was scheduled to be on maternity leave until February next year. Other Meta employees wrote "badge posts" — departure messages with a photo of their ID cards — upon receiving the dreaded layoff email from the company, according to a recent Insider report.
☆ A massive new cruise ship is set to function as a floating hotel for the Qatar World Cup, and rooms start at $220 a night. Take a look inside.
  + stars: | 2022-11-16 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: 1 min
MSC Cruises just launched a new cruise liner called the MSC World Europa. The luxury cruise is currently moored in Doha, Qatar, and is expected to host thousands of fans during the World Cup in November. MSC World Europa cruise ship in Qatar. hasan zaidi/Getty ImagesChantiers de l'Atlantique, one of the world's biggest shipyards, started construction on MSC World Europa in 2019. MSC World Europa is slated to be used as a hotel for fans at the Qatar World Cup from November 19 to December 19.
☆ A software engineer from India says he was fired by Meta 2 days after he moved to Canada for his job
  + stars: | 2022-11-14 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +3 min
A Meta employee said he was laid off two days after moving from India to Canada for work. Meta laid off 11,000 employees, or 13% of its workforce. Himanshu V., a software engineer from India, wrote in a LinkedIn post on November 10 that he was one of the thousands of employees affected by Meta's mass layoffs. Himanshu is not the only employee suddenly laid off by Meta days after relocating from India. Neelima Agarwal, a software engineer who moved from India to Canada in November, said she was laid off two days after joining the company.
☆ Elon Musk says he has too much work on his plate: 'The amount that I torture myself is next level, frankly'
  + stars: | 2022-11-14 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +2 min
Elon Musk said he has too much work on his plate. At a virtual Q&A at the G20 Summit, Musk said he works from "morning to night, seven days a week." In a virtual interview at the G20 summit in Indonesia on Monday, Musk talked about how his workload has changed since his $44 billion acquisition of Twitter. Musk, who's also the CEO of Tesla, talked about running Tesla's global operations, noting that he runs the electric vehicle manager "with great difficulty." In a 2015 interview with The Wall Street Journal, Musk described himself as a "nano-manager" who was obsessed with "product-related issues."
☆ A video captured the moment 2 US fighter jets collided at a Texas airshow, leaving 6 people dead
  + stars: | 2022-11-14 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +3 min
Two military planes collided during an airshow in Dallas, Texas, on Saturday. On Sunday, the Allied Pilots Association identified Len Root as Barker's copilot in the B-17 aircraft. The historic military B-17 aircraft named "Texas Raiders" flies over Barksdale A.F.B., La., on May 8, 2021. On Saturday, Nov. 12, 2022, the plane collided with another during the Commemorative Air Force Wings Over Dallas air show. A historic military plane crashes after colliding with another plane during an airshow at Dallas Executive Airport in Dallas on Saturday, Nov. 12, 2022.
☆ Elon Musk got rid of Twitter's remote-work policy. It's an attempt to 'manufacture' a reason to fire employees, claims the lawyer who's suing the company.
  + stars: | 2022-11-11 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +3 min
Employees were promised at least one year of remote work benefits, a lawsuit against Twitter says. The decision is an attempt by Musk to find another way to downsize the company's workforce, says the lawyer who's suing Twitter. Musk laid off around 3,700 Twitter employees in his first weeks at the helm of the company. On November 3, several Twitter employees filed a lawsuit against the company for terminating workers without notice. "We are also changing Twitter policy such that remote work is no longer allowed, unless you have a specific exception.
☆ Ukraine says it's going to rebuild the world's biggest cargo plane, months after Russia destroyed the original model in Kyiv
  + stars: | 2022-11-10 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +3 min
The manufacturer of the world's largest cargo plane has announced plans to rebuild the aircraft. The plane, which is also known as "Mriya," is said to cost over half a billion dollars to rebuild. Antonov Co., the state-owned Ukrainian manufacturer of the An-225 cargo plane, said in a statement posted on Facebook that design work has begun on a second unit of the aircraft. The An-225, also known as "Mriya," was destroyed by Russian forces in an airfield near Kyiv in February. Gavrylov said the company plans to sell airplane merchandise to obtain additional funds and attract sponsors, per Bild.
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