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☆ Employees are increasingly getting 'AI Anxious' — they're worried about falling behind on AI and even pretending to be 'in the know' to colleagues
▼ + stars: | 2023-09-14 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

According to a new LinkedIn report, nearly half of the employees surveyed say they are worried they don't know enough about AI. Nearly 40% said they pretend they know more about AI to seem 'in the know' in front of colleagues. Nearly half, or 49% of the employees surveyed, said they are worried they should know more about AI than they do. Nearly 40% of those surveyed admitted to pretending they know more about AI to seem "in the know" in front of colleagues, per the report. As tools like ChatGPT seep into the workplace, workers have been worried about being replaced by AI.

Persons: Canada —, Goldman Sachs Organizations: LinkedIn, Service, International Labour Organization Locations: Wall, Silicon, Canada, twentyfold

☆ Elon Musk was upset Bezos did not invite him to visit Blue Origin's factory, after Bezos toured SpaceX in 2004, a new book says
▼ + stars: | 2023-09-13 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Musk's SpaceX and Bezos' Blue Origin have been one-upping each other in a billionaire space race. A new biography of Musk says he was upset with Bezos for not receiving a reciprocal invite to tour Blue Origin's factory after Bezos toured SpaceX. After that, Bezos sent Musk an invite, and the pair shared a dinner that seemingly did not go over well. In 2020, SpaceX completed its first manned spaceflight, while Blue Origin did the same — with Jeff Bezos on board — in 2021. After the tour, Musk sent a "curt" email to Bezos about his annoyance over not having been reciprocally invited to see Blue Origin's factory, per Isaacson.

Persons: Musk, Bezos, Jeff Bezos, Elon Musk's, Walter Isaacson, curt, Isaacson, MacKenzie Scott, Justine Musk, Jeff Organizations: SpaceX, Service, Amazon, Bloomberg, NASA, Financial Times Locations: Wall, Silicon

☆ An enduring food favorite of Elon Musk across 3 decades is Jack in the Box's teriyaki bowl
▼ + stars: | 2023-09-13 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Musk's favorite dish there was the teriyaki bowl, which he ordered again when he revisited the chain along with Walter Isaacson. AdvertisementAdvertisement"I can still tell you every single menu item," Kimbal told Isaacson, "It's just seared into my brain." Musk told Isaacson, "I'm supposed to be fasting now, but I just have to get something here." Jack in the Box is a fast food chain founded in 1951. Musk isn't alone in loving fast food staples — Bill Gates and Warren Buffett are also self-declared fans of Coca-Cola.

Persons: Elon, Musk's, Walter Isaacson, Kimbal, Zip2, —, Isaacson, couldn't, Musk, Grimes, Jack, Bill Gates, Warren Buffett, Buffett Organizations: Service, YMCA, Zip2, Elon, West, Del Taco, CNBC Locations: Wall, Silicon, San Diego , California, West Coast

☆ 8 CEO lessons Elon Musk tried to teach his bother Kimbal, based on a mobile game Musk was obsessed with
▼ + stars: | 2023-09-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Here are the eight CEO lessons that Elon handed down to his brother through the game, per Isaacson's conversations with Elon, Kimbal, Grimes, and Zilis. When you get used to losing, you will play each game with less emotion," Elon told Isaacson. If we let a few of them slide, we will never get to Mars," Elon told Isaacson. Elon told Isaacson, "I had to take Polytopia off my phone because it was taking up too many brain cycles. Elon Musk and Kimbal Musk did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Musk, Grimes, Kimbal, Elon Musk, —, Douglas Adams, Walter Isaacson's, Isaacson's, Grimes —, Elon, Shivon, Isaacson, Polytopia, Zilis, he's, you'll, Unplug Organizations: Service, Google Locations: Polytopia, Wall, Silicon, Tesla's, Kimbal

☆ Elon Musk poached a Google scientist and justified it by telling Larry Page he shouldn't have been 'so cavalier about AI safety'
▼ + stars: | 2023-09-12 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

A newly released biography on Musk details how he justified poaching a Google scientist to then-CEO Larry Page. "And I was like, 'Larry, if you just hadn't been so cavalier about AI safety then it wouldn't really be necessary to have some countervailing force," Musk said. Sutskever joined Google's AI unit, Google Brain, in 2013 along with Geoffrey Hinton — also known as the "godfather of AI." "And I was like, 'Larry, if you just hadn't been so cavalier about AI safety then it wouldn't really be necessary to have some countervailing force," Musk added. When Musk started his own AI startup — xAI — in July, he again poached AI experts from Google and OpenAI.

Persons: Larry Page, Larry, Musk, Elon Musk, Sam Altman, OpenAI, Walter Isaacson's, Altman, Ilya Sutskever, Sutskever, Geoffrey Hinton —, Ilya, Isaacson, — Organizations: Service, Google Locations: Wall, Silicon

☆ What planning my digital afterlife at age 27 taught me about my millennial FOMO
▼ + stars: | 2023-09-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

But recently, X, formerly known as Twitter, was called out by grieving relatives for purging accounts belonging to their dead loved ones. But the normalization of memorialized accounts and grieving online have made the prospect of planning your digital afterlife far less absurd, he added. To be clear, MyWishes lets you create only a nonbinding plan for your digital accounts. It doesn't allow you to pass along information such as passwords or give your loved ones full control of your social media. AdvertisementAdvertisementStill, it's a useful starting point while planning your digital afterlife.

Persons: James Norris, MyWishes, —, Norris, Kai Xiang Teo, curating, Kai Xiang Teo Notably, you've, MyWishes isn't, Andy Ho, it's Organizations: Service, Apple, Meta, Google, Twitter, Nanyang Technological University Locations: Wall, Silicon

☆ Bill Gates thought Elon Musk became 'super mean' after finding out Gates shorted Tesla stock
▼ + stars: | 2023-09-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Musk shot down Gates' attempts to talk about giving to charity after Gates shorted Tesla stock. "He was super mean to me, but he's super mean to so many people, so you can't take it too personally," Gates said about Musk. Speaking about this incident to Isaacson, Gates told the writer he even apologized to Musk. "Once he heard I'd shorted the stock, he was super mean to me, but he's super mean to so many people, so you can't take it too personally," Gates told Isaacson. AdvertisementAdvertisementIn 2022 alone, Gates contributed $5 billion to the Bill and Melinda Gates Foundation, which was the largest single donation that year.

Persons: Gates, Walter Isaacson's, Elon, Bill Gates, Musk's Tesla, Walter Isaacson, Isaacson, Elon Musk, Musk, Tesla, I'd, —, Melinda Gates, Michael Bloomberg Organizations: CNBC, Service, Tesla, TED, Twitter, Melinda Gates Foundation Locations: Wall, Silicon, Gates

☆ Hundreds of people applied to be a ghostwriter for a yogurt company CEO. The kicker — the job pays up to $278,400 a year.
▼ + stars: | 2023-09-08 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

American Greek yogurt company Chobani was looking for an executive writer to ghostwrite for their CEO, paying up to $278,400 a year. Hundreds of people applied for the post, which has now been filled, per Chobani's website. The job post went viral online, prompting plenty of people to wonder aloud if their future lies in yogurt. On August 17, New York-based yogurt company Chobani posted an advert on its website and LinkedIn, offering between $185,600 and $278,400 in annual compensation — excluding bonuses — for a role writing on behalf of its CEO Hamdi Ulukaya. Still, the writing role's salary provoked a flood of social media reactions from people wondering if their future lies in yogurt.

Persons: ghostwrite, Hamdi Ulukaya, —, Lisa Lucas, @FrancisOKC, Chobani Organizations: Service, LinkedIn, Saks, Chobani Locations: Wall, Silicon, New York, York, Turkish, Iraq, Afghanistan

☆ Good news, BMW owners: You won't have to pay $18 to heat your seats after all
▼ + stars: | 2023-09-08 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

A BMW executive told Autocar magazine the company will be ending its $18-a-month heated seat subscription. That includes the roughly $18 monthly fee — or $180 annually — to activate heated seats, which come pre-installed in these cars. "We thought that we would provide an extra service to the customer by offering the chance to activate that later, but the user acceptance isn't that high," Nota told Autocar during the IAA Mobility conference in Munich. Despite scrapping the seat-warming charges, Nota told Autocar the company still plans to go ahead with charging for other features — like $20-a-month driving assistance software. Automakers Ford and General Motors set a target annual revenue of at least $20 billion from software services by 2030.

Persons: Pieter Nota, It's, Nota, Trevor Noah, General Motors Organizations: BMW, Autocar, Service, IAA Mobility, Daily, Ford, General Locations: Wall, Silicon, Munich

☆ Musk once tried to stop Google's DeepMind acquisition in 2014, saying the future of AI shouldn't be controlled by Larry Page
▼ + stars: | 2023-09-07 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

At Musk's 2013 birthday bash, he and Larry Page discussed AI's role in humanity's future, per biographer Walter Isaacson's retelling. Page labeled Musk a "specist," while Musk defended his views as "pro-human." Musk even attempted to stop Google's acquisition of AI company DeepMind, saying Page shouldn't control the future of AI, Isaacson wrote in a Time Magazine report. Per Isaacson, the reason behind the thwarting attempt was Musk's distrust of then-CEO of Google, Larry Page, and his views towards AI. Musk, Page, and Google did not immediately respond to a request for comment from Insider, sent outside regular business hours.

Persons: Larry Page, Walter Isaacson's, Musk, Isaacson, Elon Musk, Walter Isaacson —, Per Isaacson, DeepMind, Demis Hassabis, Larry, Luke Nosek, Musk's, —, Tucker Carlson, Page, Sam Altman, Eric Schmidt, Geoffrey Hinton Organizations: Magazine, Service, Time Magazine, Google, Media, PayPal Locations: Wall, Silicon, DeepMind, Napa Valley , California

☆ Sam Altman thinks Silicon Valley has lost its culture of innovation
▼ + stars: | 2023-09-07 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

OpenAI's Sam Altman thinks Silicon Valley no longer has an innovation culture. "Before OpenAI, what was the last really great scientific breakthrough that came out of a Silicon Valley company?" Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "There used to be great research that happened in companies in Silicon Valley, Xerox PARC being the obvious example. To this, Altman responded by saying Silicon Valley did have a product innovation culture, but he felt it missed the mark on groundbreaking research.

Persons: OpenAI's Sam Altman, Sam Altman, Altman, Nicolai Tangen, I'm, Marc Andreessen, Andreessen, Horowitz, Matt Miller, Altman's OpenAI, ChatGPT, OpenAI Organizations: Service, Xerox PARC, Norges Bank Investment, Sequoia Capital, Biosciences Locations: Wall, Silicon, Silicon Valley, China, California, OpenAI

☆ The real reason you're using 'Girl Math' isn't as funny as the TikTok trend would make you think
▼ + stars: | 2023-09-06 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

"Girl Math" is the humorous TikTok trend where users justify expenses with tricks. "Girl Math" may just be "Buy Now, Pay Later" in disguise, the experts said. "To me, the popularity of the "Girl Math" trend indicates a lot of pent-up guilt around our purchases," said Barrow. That's why it's important to disclose when "Girl Math" is humor instead of fact, said Sara Samuels, a wealth management advisor at Northwestern Mutual. AdvertisementAdvertisementFinancial educator Ellis even suggests setting aside money for savings or an emergency fund every time you make a "Girl Math" purchase.

Persons: Sam James, —, Ashley Morris, Isabel Barrow, Barrow, Erin Ellis, Ellis, Edelman's Barrow, Sara Samuels, Morris Organizations: Service, Consumer Financial Protection Bureau, Philadelphia Federal Credit Union, Northwestern Mutual Locations: Wall, Silicon, Philadelphia, Barrow

☆ Take a look at Lima's 10-foot tall 'wall of shame' separating slums from luxury estates that's finally being torn down after 4 decades
▼ + stars: | 2023-09-05 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +1 min

A 10-foot tall "wall of shame" separates some of Lima's wealthiest neighborhoods from its most impoverished. Now, a nearly three-mile section of the wall is coming down at the end of a four-year court battle. "This is an inadmissible wall in a democracy," a court magistrate told Le Monde in March. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Here are five photos that show the wall dividing some of the poorest and richest in Lima.

Persons: Le Monde, Gustavo Gutierrez Organizations: Service, Reuters Locations: Wall, Silicon, Lima

☆ A how-to repair company wants to fix one of summer's biggest problems: McDonald's broken ice cream machines
▼ + stars: | 2023-08-31 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

McDonald's ice cream machines are so prone to breakdowns that they've spawned thousands of memes. Now, iFixit, a how-to repair company, wants a copyright exemption to repair them. McDonald's ice cream machines have a history of breaking down. This isn't the first time an outside group has tried to fix McDonald's ice cream machines. Startup Kytch introduced a device in 2019 to help franchise owners troubleshoot their ice cream machines so they could repair them.

Persons: iFixit, —, Taylor, We've, we've, Elizabeth Chamberlain, Chamberlain, McDonald's Organizations: Service, Copyright Locations: Wall, Silicon, McDonald's

☆ Just under half of North American office-goers came in for less than 6 hours a day in the first half of 2023
▼ + stars: | 2023-08-30 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

43% of workers returning to the office came in for under 6 hours in the first half of 2023, said a workplace analytics firm. In the same period, average office occupancy rates in North America peaked at 35% per week. AdvertisementAdvertisementThose clocking in for the shortest stints — representing about 1 in 5 North American office-goers — did so for less than 3 hours a day. Average office occupancy rates in North America peaked at 35% a week during the first half of the year, per Basking's data. The start and end of the workweek were the least popular for office-goers, with North American offices seeing a 17% occupancy rate on Monday.

Persons: —, RTO, Goldman Sachs, JP Morgan, Morgan Organizations: North America, Service, Washington Post, North, Employers, Apple, Deloitte Locations: North, Wall, Silicon, Asia, Pacific, Europe, Washington

☆ I hate walking, so I tried to rewire my habits with a free app. It works — but I'm still torn about recommending it for 3 reasons.
▼ + stars: | 2023-08-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Walkr is a Taiwanese gamification app that incentivizes users to walk by rewarding them with planets. In my experience though, the app motivates you to walk more through peer pressure than gamification. Much as I loved my experience of using it, I'm torn about recommending this app for three reasons. Basically, I'm driven by "extrinsic motivation," or motivation that is driven by external rewards — like planets, points, or game achievements. Fourdesire CEO Wei-Fan Chen told Insider they're still working on making the Walkr app more user-friendly and enjoyable to use, and are taking inspiration from user stories.

Persons: Kai Xiang Teo, you'll, I'm, blankly, Wei, Fan Chen, they're Organizations: Walkr Locations: Taiwanese

☆ Inside Citadel's $19,000-a-month summer internship, where math whizzes are coached on everything from coding to drafting emails
▼ + stars: | 2023-08-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Hedge fund Citadel selected 300 candidates from a pool of 69,000 applicants for its summer internship. AdvertisementAdvertisementHedge fund Citadel and trading firm Citadel Securities run a highly-coveted summer internship program that runs for 11 weeks. AdvertisementAdvertisementAccording to Bloomberg, Citadel brings in professional trainers to help them better communicate. During Citadel's summer programs, interns lodge at upscale hotels like Hong Kong's Fullerton Ocean Park Hotel, a Citadel spokesperson told Insider on Tuesday. AdvertisementAdvertisementKen Griffin, the majority owner of Citadel and Citadel Securities, is worth $37 billion, according to Bloomberg's Billionaires Index.

Persons: Kristina Martinez, Citadel's, Ken Griffin Organizations: Citadel, Bloomberg, Morning, Citadel Securities, Park, Stanford Locations: Hong

☆ Inside Citadel's $19,000-a-month summer internship, where interns are taught how to schmooze and are judged on the length of their emails
▼ + stars: | 2023-08-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Hedge fund Citadel selected 300 candidates from a pool of 69,000 applicants for its summer internship. AdvertisementAdvertisementHedge fund Citadel and trading firm Citadel Securities run a highly-coveted summer internship program that runs for 11 weeks. AdvertisementAdvertisementDuring Citadel's summer programs, interns lodge at upscale hotels like Hong Kong's Fullerton Ocean Park Hotel, a Citadel spokesperson told Insider on Tuesday. Ken Griffin, the majority owner of Citadel and Citadel Securities, is worth $37 billion, according to Bloomberg's Billionaires Index. Citadel posted its strongest results to date in 2022 when it made about $28 billion in revenue, while market maker Citadel Securities raked in $7.5 billion in revenue.

Persons: Kristina Martinez, Citadel's, Ken Griffin Organizations: Citadel, Bloomberg, Morning, Citadel Securities, Park, Stanford Locations: Hong

☆ Google Flights says the best time to book your flights for Christmas is 71 days before departure
▼ + stars: | 2023-08-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

The best time to book your flights for Christmas is around 71 days before your departure, per Google. That's a big change from 2022 when Google said the best time to book Christmas flights was 22 days before departure. AdvertisementAdvertisementThe best time to book your flights for Christmas is around 71 days before the departure day, according to Google's analysis of its historical data of US flights. AdvertisementAdvertisementThese estimates are a big change from the company's recommendations in 2022 when it said the best time to book Christmas flights was 22 days before departure. These experts told the BBC that Google Flights' new methodology for calculating your flight's footprint — introduced in 2022 — excludes many pollutants, meaning only half of a flight's environmental impact is most likely shown.

Organizations: Google, Morning, US Travel Association, World Tourism Organization, BBC Locations: Europe

☆ The SAG-AFTRA strike is the best thing to happen to Cameo, the short-video app where celebs get paid to make clips for fans, since the lockdowns
▼ + stars: | 2023-08-28 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Over 2,400 celebrities flocked to Cameo amid the SAG-AFTRA strike. AdvertisementAdvertisementShort-video request app Cameo has seen over 2,400 celebrities starting or reactivating their accounts since the actors' strike began in July, the company's CEO told CNN on Sunday. Cameo is an app where users can pay celebrities to make personalized short clips. Despite the recent influx of celebrities, Cameo has grappled with layoffs, axing 80 of its workforce in July and leaving the company with less than 50 employees, the Information reported. Galanis said at the time Cameo hired too many workers too quickly to "support both fan and talent demand during the pandemic lockdowns."

Persons: Fran Drescher, Alyssa Milano, Steven Galanis, Galanis, —, Cameo, Cheyenne Jackson, Milano, Raymond, Fred Stoller, Elijah Wood Organizations: SAG, Actors, Morning, CNN, Screen Actors, New York Times Locations: Hollywood

☆ Musk's 4-second surprise appearance at a video game tournament was met with boos and the crowd chanting 'bring back Twitter'
▼ + stars: | 2023-08-28 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

A clip showing the crowd chanting "Bring back Twitter," has gone viral on X. That can't be from in here, surely," one of the commentators said, trying to bring the audience's focus back onto the game. AdvertisementAdvertisementElon Musk, the owner of X, formerly known as Twitter, made a surprise appearance on Saturday at the world championship final of esport Valorant and was immediately met with a chorus of boos and the crowd chanting, "Bring back Twitter." A clip of his appearance, shared on Saturday by X user Jake Lucky, has since racked up over 7 million views on the platform. That can't be from in here, surely," one of the commentators said, trying to bring the audience's focus back onto the game.

Persons: Elon Musk, esport Valorant, Jake Lucky, Musk –, Musk Organizations: Morning, Twitter Locations: Los Angeles, Indonesia

☆ Meet the Prigozhins: What to know about the Wagner boss and the relatives who help run his business empire
▼ + stars: | 2023-08-25 | by ( Kai Xiang Teo | Huileng Tan | ) www.businessinsider.com time to read: +7 min

Though little is publicly known about Yevgeny Prigozhin's family, many of them help run his vast business empire. At the time of writing, Prigozhin's family has not publicly responded to the condolences. Prigozhin's family members — many of whom were subject to Western sanctions from 2022 onward — have had varying levels of involvement in Prigozhin's business empire, the Financial Times reported in April. His son, Pavel Prigozhin, used to fight alongside the Wagner GroupPavel Prigozhin, son of Yevgeny Prigozhin. Polina was also named by the US Treasury Department as playing a role in Prigozhin's business empire.

Persons: Yevgeny Prigozhin's, Wagner, Yevgeny Prigozhin, Prigozhin, Vladimir Putin, Putin, Prigozhin's, Prigozhin's Wagner, Violetta Prigozhina, Molfar, Violetta, Prigozhina, Lyubov Prigozhina, Lyubov, Pavel Prigozhin, Pavel, Polina, Polina Prigozhina, Veronika, Russia —, Yevgeny, —, Veronika Prigozhina, EU Veronika Prigozhina Organizations: Service, Financial Times, Agat, Concord Management, Consulting, Swiss, US Treasury Department, Wagner, Wagner Group, Treasury Department, International Federation for Equestrian Sports, US, FT Locations: Wall, Silicon, Russia's Tver, Moscow, Russian, St . Petersburg, Syria, Lakhta, Ukrainian, Russia, EU, Petersburg

☆ A private plane pilot just lashed out at abusive customers, saying flight attendants are there for 'safety' and not to be a 'server'
▼ + stars: | 2023-08-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

A pilot says that flight attendants should be "more strict" with passengers. A flight attendants' union is also pushing for airlines to train its crew to "subdue and restrain" passengers. AdvertisementAdvertisementA private pilot has lashed out at abrasive customers, saying that flight attendants should tell customers they are here to ensure "safety" rather than just being a "server." People speaking disrespectfully to flight attendants and they, for the most part, ignore it. But somehow, the flight attendants ignore them," MacDonald said, adding that flight attendants are being "more tolerant" than customers think when dealing with disruptive passengers, said the pilot.

Persons: Morgan Gist MacDonald, We've, MacDonald, Taylor Garland, Conrad Clifford Organizations: Morning, Fox News Digital, Fox News, Firefly Aviation, International Air Transport Association, US Federal Aviation Administration, Association of Flight, Politico, Association of Locations: Cancun

☆ People online are mocking a bizarre crossover that's turned arms manufacturer Lockheed Martin into streetwear in South Korea
▼ + stars: | 2023-08-24 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Users on X and TikTok spotted Lockheed Martin brand streetwear being sold online in South Korea. "Why is lockheed martin making streetwear for swagged out Asians," wrote one user on X. The South Korean company told Insider in an email that it acquired the official Lockheed Martin license brand through an agency. The collection was spotted by X user @wiggerwakanda on Friday, which read: "why is lockheed martin making streetwear for swagged out Asians." "Military industrial complex sponsored Korean streetwear is wayyyy too insane to have made it onto my 2023 bingo card," X user @candidspeaks posted on Wednesday.

Persons: Lockheed Martin, lockheed martin, streetwear, Doojin Yanghang, opaleyes369, Daily's Shin Organizations: Lockheed, lockheed, Service, Won, South, CNN, Yale, Billboard, Kodak, Equity Management Locations: South Korea, swagged, Wall, Silicon, American, Korean, Korea

☆ Gen Z investors sway harder to the beat of rising inflation and higher interest rates than their older peers. But passive investing beats pro trading, says an analyst.
▼ + stars: | 2023-08-24 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Gen Z outpaces all other age groups in active stock trading, according to a Bankrate survey. However, a Bankrate analyst says they should become more passive investors. Gen Z investors aren't just bailing out of the market either. The same survey notes that Gen Z investors aren't just bailing out of the market. Over half, or 53%, of Gen Z investors said they expect to invest in stock-related investments in 2023, compared to just 19% of Gen X investors and 9% of baby boomer investors.

Persons: Z, Gen, Gen Z, James Royal, — Organizations: Service, CFA Institute, Financial Industry, Authority Investor Education Foundation Locations: Wall, Silicon, Canada

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