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☆ Amazon projected huge losses from its healthcare business in 2024, but strong sales growth, internal document reveals
▼ + stars: | 2024-07-30 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Read previewLate last year, Amazon projected its healthcare businesses to lose more than $1 billion for 2024, according to an internal planning document obtained by Business Insider. Although the company doesn't breakout financials on the healthcare business, investors will be looking for signs of success when it reports results on Thursday. That was mostly thanks to Amazon Pharmacy, which was projected to generate $1.81 billion in 2024 sales, a 45% surge. Amazon healthcare is slowing investments in smaller initiatives by delaying hiring for certain projects and reducing contractor spend, it added. It's upgrading the signup process, such as insurance card capture technology, and simplifying the linking between One Medical and Amazon Pharmacy accounts.

Persons: —, Andy Jassy, Brand, Neil Lindsay, It's Organizations: Service, Business, Amazon, Pharmacy, Amazon Health Services, Tech, Amazon Pharmacy, Health Services, Health, Amazon Clinic, Google

☆ One way employers can attract Gen Z talent is by ditching résumés, recruiter says
▼ + stars: | 2024-07-29 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Sophie O'Brien, the founder of the entry-level recruitment service Pollen Careers, told Business Insider that if companies want to hire the best-fitting Gen Z talent, they should ditch asking for a résumé. Gen Z are people aged 12 to 27. O'Brien found success in hiring Gen Z talent with less conventional methods. Advertisement"It's alienating Gen Z," she said. "This is groundbreaking for Gen Z, they absolutely love it," O'Brien said.

Persons: —, Sophie O'Brien, Gen, O'Brien, they'd, Zers, I'm, they've, Gen Z, we've, Majella Lavelle, résumés, Lavelle, Laura Littlehales, Littlehales, David Graham, Mobsta Organizations: Service, Business, CVs, Arsenal, Sporting, aren't, McDonald's

☆ You've heard of pretty privilege, but 'ugly privilege' may have its perks too
▼ + stars: | 2024-07-26 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

But what about "ugly privilege"? A TikToker called Sarah posted a video this week, which has amassed 159,000 views at the time of writing, where she explained why she thought she had "ugly privilege" and what it meant. "But when I say I have ugly privilege, it's not that I necessarily think I'm an ugly individual," Sarah said. She continued: "But when I say I have ugly privilege, what I mean by that is men, in general, don't mind me attractive." Underlying sexismRegardless of the "privilege" of being deemed ugly or pretty, women are disproportionately scrutinized for their looks and are acutely aware of this scrutiny.

Persons: —, Sarah, it's, I've, that's, Lucas Botzen, Botzen, Melissa Weaver, hadn't, Weaver, Daniela Herrera, Chilcutt Organizations: Service, Business, Johns Hopkins Carey Business School, University of, Sinclair Pharma, Allies, Recruiting

☆ NSYNC's Joey Fatone says he struggles to understand his teenage daughter's Gen Z slang
▼ + stars: | 2024-07-25 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn the '90s, Joey Fatone charmed teenage girls as a member of the boy band NSYNC. This story is available exclusively to Business Insider subscribers. AdvertisementDecoding slang helps parents connect better with their kidsMiddle school teacher Philip Lindsay previously told Business Insider that keeping up with the younger generation's slang can help parents connect with their children. AdvertisementA representative for Fatone did not immediately respond to a request for comment sent outside regular business hours.

Persons: —, Joey Fatone, Kloey Alexandra, TODAY.com, Philip Lindsay, Lindsay, Fatone, Kelly Baldwin, Briahna Joely, NSYNC, Ariana Grande, Ole, Briahna, it's Organizations: Service, Business, Alpha Locations: Coachella

☆ The sober dating revolution is here, and Gen Z is leading it
▼ + stars: | 2024-07-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Gen Z is earning a reputation as the sober-curious generation that prioritizes their health, well-being, and authenticity when finding a partner. Ryan Mairs, 28, is a "Zillennial" on the cusp between millennials and Gen Z and has noticed the shift. Gen Z are drink less regularly than millennials, according to Statista data. AdvertisementA recent survey by DatingNews.com found that 65% of millennial and Gen Z respondents said they would prefer a "dry" first date. She's the founder of the sober dating platform Club Pillar, launching this summer.

Persons: —, Z, Gen Zers, Ryan Mairs, He's, Mairs, it's, Gen, DatingNews.com, Kate Daly, Daly, Justine Benanty, Zers, they're, Benanty, he's, Jessie Urvater, Urvater, Jessie Urvater Urvater, that's, they've Organizations: Service, Business Locations: California

☆ One of MrBeast's oldest friends quit his operation in a scandal. It could hurt him too.
▼ + stars: | 2024-07-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewOne of MrBeast's oldest friends quit working with him after allegations were made about her messaging a child. YouTube superstar MrBeast, whose real name is Jimmy Donaldson, has been adept at dodging criticism and controversy in his career. AdvertisementTyson has been accused by several YouTubers of messaging a young fan when he was 13 and Tyson was 20. BI asked Donaldson and Tyson for further comment but did not receive a response. Donaldson posted a statement on the night of July 24, saying he was "disgusted and opposed" to Tyson's behavior and had hired a third-party investigator.

Persons: —, MrBeast, Jimmy Donaldson, Ava Tyson, Tyson, Donaldson, Adrox, Prism42, Ava, I've, Don Arnold, Colleen Ballinger, Miranda, Katya Varbanova, Donaldson hasn't, hasn't, Varbanova Organizations: Service, Business, BI, Getty

☆ 2024 Paris Olympics viewer’s guide: NBC’s plans, Snoop Dogg, and the big ratings question
▼ + stars: | 2024-07-24 | by ( Richard Deitsch | ) www.nytimes.com time to read: +18 min

Follow our Olympics coverage in the lead-up to the Paris Games. The Paris Games will have more programming hours on the NBC broadcast network than any previous Olympics. NBC is upping its celebrity presence for its Olympic coverage in Paris, headlined by Snoop Dogg. “Research shows that it is a challenge to keep viewers after 10 p.m. ET,” NBC Olympics producer Rob Hyland said. NBCUniversal owns the U.S. media rights to the Olympic Games through 2032, so Paris (2024), Milan-Cortina (2026), Los Angeles (2028) and Brisbane (2032).

Persons: Peacock, Molly Solomon, NBC’s, “, ” Solomon, Solomon, Snoop, Snoop Dogg, Christian Petersen, Kelly Clarkson, Peyton Manning, Mike Tirico, Alex Cooper, Leslie Jones, Kevin Hart, Kenan Thompson, Colin Jost, Cooper, Simone Biles, Manning, Ryan Crouser, Jones, Katie Ledecky, Sha’Carri Richardson, Lily Collins, Anna Hall, Ledecky, LeBron James, Sydney McLaughlin, Kelly Campbell, Peacock’s, Scott Hanson, Andrew Siciliano, Jac Collinsworth, Matt Iseman, Akbar Gbajabiamila, ”, Al Michaels, Mark Lazarus, Sanya Richards, Ross, Rowdy Gaines, Tim Daggett, Laurie Hernandez, Samantha Peszek, Misty, Julie Foudy, Dwyane Wade, LaChina Robinson, Michael Phelps, Dan Hicks, Gaines, Maddie Meyer, they’ll, Rob Hyland, Andres Cantor, Rebecca Lowe, Craig Melvin, Ahmed Fareed, Damon Hack, Maria Taylor, Cara Banks, Laura Britt, Trenni Casey, Lindsay Czarniak, Carolyn Manno, Kathryn Tappen, John Roethlisberger, “ John, He’s, …, breaststroker Lilly King wagged, Ryan Murphy, Sunny Choi, Victor Montalvo, Joe Gesue, Ron Vaccaro, NBCU, it’s, NBCUniversal, Rick Cordella, Dan Goldfarb, Stuart Franklin Organizations: Paris, NBC, Paris Games, U.S, Tokyo Olympics, Olympics, NBC Olympics, NBC’s, Getty, NBC Sports, Tokyo Games, Beijing, Games, USA, CNBC, Golf Channel, Telemundo, Universo, NBCOlympics.com, “, ”, NFL, NBCUniversal Media, Paris La Défense, Research, Olympic, Grand Palais, Concorde, NBC Sports ’, Olympic Games, Cortina Locations: Paris, Beijing, Pyeongchang, South Korea, Central, Pacific, U.S, Paris ”, Teahupo’o, Tahiti, Rio de Janeiro, Brazil, China, Rio, Tokyo, Peacock, United States, Versailles, Grand, London, Russian, Norway, South Carolina, Milan, Los Angeles, Brisbane, French

☆ The 'double bind' is a big mistake employers make that's turning off Gen Z staff
▼ + stars: | 2024-07-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

They want diverse employers that offer a good work-life balance, remote positions, and solid mental health policies. AdvertisementThis, she said, is what's known as a "double bind," and it drives Zoomers mad. A double bind, Chang explained, is "when you are giving two or more contradicting messages at the same time." In the survey, Gen Zers were the most likely cohort to have been in a double bind (84%). Advertisement"People my age and up didn't talk about mental health," Chang said, which is why older generations can be a bit "put off" when a young employee asks for a mental health day.

Persons: —, Jeanie Y, Chang, We're, Dale Wilsher, Gregory Bateson, Wilsher, Gen Zers, Oliver Wyman, Zoomers, Zers Organizations: Service, Business, Forbes

☆ Gen Zers can be weird in interviews. A recruiter explained how it sets them back.
▼ + stars: | 2024-07-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

But a senior recruiter said they may be making mistakes early on that set them back. The other half is that Gen Zers have a bad reputation among hiring managers. Red flagsWhen companies started filling roles again as global COVID-19 lockdowns started to lift, employers were "throwing money at candidates," Levine said. "And there's a lot of people who are just more old-school and maybe turned off by the rumors of Gen Z." They should tailor their resumes and applications to specific roles rather than sending the same version to multiple job postings.

Persons: —, Emily Levine, Levine, Zers, lockdowns, Gen, she's, they're, She's, I've, Zoomers, Levins Organizations: Service, Group, Business, Companies, Jobs

☆ She felt lost when she became a widow in her 20s. Then she signed up to grief camp
▼ + stars: | 2024-07-21 | by ( Francesca Street | ) edition.cnn.com time to read: +23 min

“Being a widow in my 20s, I don’t have as many people around me who relate to that grief experience. Six months since she’d signed up for grief camp. Being a widow in my 20s, I don’t have as many people around me who relate to that grief experience. She wrote a piece called “Grief Camp is My Happy Place,” for her Substack, describing her experiences. “I think a lot of people hear ‘grief camp’ and think it’s going to be sad all the time.

Persons: Mackenzie Galloway, Cole, ”, ” Galloway, Megan, Cole’s, Camps, ’, Cole scrolled, Galloway, Cole wasn’t, Lindsay Lohan, – Galloway, She’d, “, she’d, –, ‘, ’ ”, Equinunk, “ Mac ”, “ Mackenzie, they’ve, they’d, doesn’t, I’ll, who’d, she’s, Megan –, “ Joy, Jesse Moss, Moss, you’re, Michelle Cove, won’t, Chappell, Chappell Roan, Megan isn’t, Cole didn’t, It’s, that’s Organizations: CNN, CNN Travel, New Yorker, New, Galloway, Experience Camps Locations: Galloway, New, US, Kansas, ”, New York City, Equinunk , Pennsylvania, Cole, New York, Pennsylvania, Equinunk, Blue, Mackenzie

☆ Kentucky motel ordered to pay $2M after fatal scalding shower incident
▼ + stars: | 2024-07-19 | by ( Zenebou Sylla | ) edition.cnn.com time to read: +2 min

Two associates of Chronis rushed to his aid after hearing his fall and screams, according to the complaint. The shower delivered water at an “extremely excessive temperature,” the complaint stated. The temperature was more than 150 degrees, according to Chronis’ family attorney, N. Jeffrey Blankenship. Most adults will suffer third-degree burns if exposed to 150-degree water for two seconds, according to the Consumer Product Safety Commission. Two days later, Chronis returned to the hospital for skin graft surgery and remained hospitalized for nearly five months, according to the complaint.

Persons: “ scalded, Alex Chronis, ”, Chronis ’, Chronis, Jeffrey Blankenship, Blankenship, Sanjay Patel, “, Patel, Lindsay Rump Organizations: CNN, Consumer Product Safety Locations: Kentucky, Erlanger , Kentucky, Cincinnati, Knoxville , Tennessee, Erlanger

☆ Walmart has the advantage for back-to-school — and that's really bad news for this retail stock
▼ + stars: | 2024-07-19 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +10 min

Walmart shares have outperformed the market. Analysts remain overwhelmingly bullish on the stock with more than 80% of analysts rating shares a buy or overweight, according to FactSet. Target shares reflect the strain of the competition. And if Walmart continues to win over wealthier customers, that's more bad news for Target. On Tuesday, KeyBanc Capital Markets analyst Bradley Thomas reiterated that Walmart remains one of his top stock ideas.

Persons: Lindsay Rosner, Piper Sandler, Peter Keith, Keith, Daniel Kurnos, Kurnos, FactSet, Alexis Deladerriere, JLL, Christopher Horvers, JPMorgan's Horvers, Cowen, Oliver Chen, Chen, hasn't, Bradley Thomas, Thomas Organizations: Walmart, Target, Goldman Sachs Asset Management, Analysts, Keith, P Retail, Amazon, Microsoft, Apple, Adobe Analytics, Adobe, Amazon's, Costco, Amazon Prime, Sam's, Paramount, KeyBanc Capital Locations: Wednesday's

☆ A personal finance TikToker claims unlimited PTO is the 'biggest scam.' Career experts say she has a point.
▼ + stars: | 2024-07-18 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

Read previewA personal finance creator said she wanted to remind people that working at a company with unlimited vacation days was a "scam." In a recent video that amassed more than 800,000 views, she said unlimited PTO saves a company "millions if not billions of dollars." AdvertisementCritics have also labeled unlimited PTO a "sham" that can lead to employees actually taking fewer days off than they should and getting burned out. AdvertisementChang also doesn't believe unlimited PTO has any mental health benefit, and that unlimited mental health leave "would be far more beneficial and appreciated" by workers. Ultimately, unlimited PTO means "no time off," she said, "because people don't feel free to take it because it's not technically theirs."

Persons: —, Jessica, Jeanie Y, Chang, let's, Denise Rousseau, Rousseau, it's, they're, It's, Daniela Herrera, Herrera Organizations: Service, Business, Carnegie Mellon University, Companies, Allies, Recruiting

☆ JD Vance, Trump's 2024 running mate, would likely be the first Marine veteran to serve as vice president if elected
▼ + stars: | 2024-07-18 | by ( Drew F. Lawrence | ) www.businessinsider.com time to read: +10 min

Read previewRepublican presidential nominee Donald Trump on Monday selected Ohio Sen. JD Vance — a Marine veteran, author, and once-critic of the former president — as his running mate for the 2024 election. Military.com could not find any evidence that any vice president served in the Marine Corps . Donald Trump elevated JD Vance to the national stage as his running mate on Monday — and Ukraine is likely worried. The last enlisted vice president was Al Gore, who similarly deployed to Vietnam for six months as an Army correspondent. In April, he used the Iraq War as a historical example against intervention.

Persons: —, Donald Trump, Ohio Sen, JD Vance —, Vance, John McCain, Military.com, Allison Jaslow, Jaslow, Trump, JD Vance, Drew Angerer, Lindsay Chervinsky, George, Dwight D, Eisenhower, Richard, Aaron Burr's, Chervinsky, Dan Crenshaw, Jason Crow, Alex Wong, Joel K, Goldstein, Sen, Ohio, Donald Trump's, Carolyn Kaster, Hugh Hewitt, Joe Biden, Biden, Trump's, Al Gore, Jeffrey Dean, America's, Tucker Carlson, Byron Donalds of, US Sen, Andrew Caballero, Reynolds, George W, Bush, Saddam Hussein Organizations: Service, Monday, Ohio, Marine, Business, National Guard, US Navy, Army, Marine Corps, Afghanistan Veterans, George Washington Presidential Library, Continental Army, American, Terror, Saint Louis University, Washington Post, Military, Trump didn't, Associated Press, Corps, Navy, Iraq, AP, Marines, Ohio State University and Yale Law School, Rep, US, Republican National Convention, Senate Locations: Iraq, Afghanistan, America, —, Ukraine, Vietnam, Texas, Milwaukee, Ohio, Byron Donalds of Florida, Pennsylvania

☆ The 'Gen Z Boss and a mini' trend is taking off on TikTok. A lawyer says it's a lesson in how not to use social media.
▼ + stars: | 2024-07-17 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

AdvertisementOne of those accounts was run by Australian brand Tbh Skincare. But while many considered it simple, lighthearted fun, the skincare company ran into trouble when its video spread farther afield. The Tbh Skincare women didn't take the criticism lying down, posting two more videos. In Australia, where Tbh Skincare is based, mental health is covered by a workplace's insurance. The internet is forever, and young workers should assume anything posted will be visible to future employees, Hart said.

Persons: —, Boss, Andrew Tate, didn't, they'd, Rachael Wilde, Craig Schweighoffer, Roxanne Hart, Hart, There's, it's, Gen Zers, Wilde Organizations: Service, Business, Smart Company, York St Brands, Hart & Co Locations: Australia

It's your last chance to shop Amazon Prime Day deals on tech, beauty products, vacuums and more. SKIP AHEAD The best Prime Day deals | More Prime Day sales to check out | The best sales at other retailersWant more from our everyday experts, straight to your inbox? Other Amazon Echo smart speakers are also on sale during Prime Day, including the Echo Spot ($44.99) and Echo Dot ($24.99). Best Prime Day salesHere are the best Prime Day sales to know about. Best Prime Day clothing, shoes and accessories salesBest Prime Day tech salesBest Prime Day home and kitchen salesBest Prime Day pet supplies salesBest Prime Day beauty and wellness salesBest Prime Day travel salesBest Prime Day food and beverage dealsPrime Day: Best sales at other retailersFrequently asked questions When does Amazon Prime Day end?

Persons: I’ve, they’re, It’s, Chamberlain, They’re, fanny, —, Siri, Differin, dermatologists, shea, Alexa, Lindsay Schneider, Mili, it’s, you’ll, Chili Crisp, Zhong, TikTok Organizations: Amazon, NBC, AA, AAA, Apple, Netflix, Apple TV, Hulu, Spotify, Apple Music, Sirius XM, Chengdu Crunch, Amazon Prime, Wellness, Facebook, Twitter Locations: Chili, Zhong Sauce

☆ A trainer-heiress power couple created the fitness juggernaut Pvolve. Then came a divorce, an arrest, and Jennifer Aniston.
▼ + stars: | 2024-07-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +43 min

Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.

Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, —, Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu

☆ Goldman's $2.8 trillion asset management arm says the S&P 500 will be 'flattish' for the rest of 2024. 5 places it says to invest your money instead.
▼ + stars: | 2024-07-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Don't expect the mammoth returns of the S&P 500 to continue this year, according to Goldman Sachs Asset Management's midyear investment outlook released last week. AdvertisementBut this doesn't mean that Goldman Sachs is expecting a severe downturn. Active management is more important now than ever, and Goldman Sachs recommends taking steps now to prepare for a lukewarm second half of 2024. To address geopolitical instability and financial shocks, Goldman Sachs recommends hedging risk through commodities. Goldman Sachs is seeing increasing opportunities in Asia.

Persons: Goldman Sachs, Alexis Deladerrière, —, Lindsay Rosner, Rosner, Deladerrière, it's Organizations: Service, Goldman, Business, Nvidia, Microsoft, Apple, Fed Locations: Mexico, France, East, Ukraine, industrials, underperformance, Asia, Japan, India

☆ Consumers are getting 'really choosy' as cracks emerge. Here's what that means for investors
▼ + stars: | 2024-07-12 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Pressures faced by lower-income consumers have been smoothed over by robust spending from the middle- and higher-income cohort. 'A shift in priorities' Even with cracks emerging in the consumer, many investors anticipate a soft landing for the economy. "They are spending, but they're being more particular than they were before in terms of what they're spending on," she added. "As more consumers shift their meal preferences to eating at home as opposed to eating out, that could provide a catalyst to lift these stocks valuations," he wrote. Sekera also noted travel as one area where consumers are continuing to spend, even as they pull back on other purchases.

Persons: Bill Merz, They're, Lindsay Rosner, there's, Dave Sekera, Morningstar, Kraft Heinz, Kellanova, Sekera, Goldman Sachs, Rosner Organizations: PepsiCo, U.S, Bank Asset Management, Goldman Sachs Asset Management, HSBC, Viking Holdings, Worldwide Holdings, Marriott International, Walmart, Target, Kraft Locations: U.S, delinquencies

His mother was addicted to drugs; he never knew his father. He grew up shuttling among foster homes, where he started drinking beer around age 5 and smoking marijuana at age 9. At age 17 he watched a drunk friend kick a dog off a cliff and knew he had to escape. Henderson found that these ideas came to serve as status symbols for the privileged while they, ironically, kept the working class down. He came to call these ideas luxury beliefs.

Persons: Robert Putnam, “ Rich, ” Rob Henderson, Henderson, Bill, Foster Organizations: Harvard, Air Force, Yale, Cambridge, Foster Care Locations: Americas

☆ Goldman says investors should start shifting out of cash. Here's where it sees opportunity
▼ + stars: | 2024-07-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Investors enjoying juicy yields on their cash should start preparing to shift their strategy, according to Goldman Sachs. People piled into cash instruments like Treasury bills and money market funds as the short end of the yield curve rose alongside Federal Reserve interest rate increases starting in early 2022. Now some $6.15 trillion is sitting in money market funds, as of July 2, according to the Investment Company Institute . There's a "real probability" that could start in September, said Lindsay Rosner, head of multi-sector investing at Goldman Sachs Asset and Wealth Management. While the average spread is around 800 basis points over Treasurys, the bonds are either trading around 300 basis points — too tight for junk bond ratings — or 1,000 basis points or more.

Persons: Goldman Sachs, Lindsay Rosner, —, Rosner, " Rosner Organizations: Federal, Investment Company Institute, Goldman, Wealth Management, Fed, riskier Locations: Goldman Sachs, Treasurys

☆ Fixed-income investing is 'very much alive', says Goldman Sachs' Lindsay Rosner
▼ + stars: | 2024-07-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFixed-income investing is 'very much alive', says Goldman Sachs' Lindsay RosnerLindsay Rosner, Goldman Sachs Asset Management head of multi-asset fixed income investing, joins 'Closing Bell Overtime' to talk yields climbing in U.S. and Europe and her fixed-income investing playbook.

Persons: Goldman Sachs, Lindsay Rosner Lindsay Rosner, Goldman Organizations: Management Locations: Europe

☆ Lindsey Graham says everyone running for president, including Trump, should take cognitive tests to prove they're fit for the top job
▼ + stars: | 2024-07-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Read previewSen. Lindsay Graham says he thinks anyone running for president should undergo a cognitive test — including his longtime ally, former President Donald Trump. This story is available exclusively to Business Insider subscribers. I think he should take a cognitive test like I did." Related storiesTrump took says he took a cognitive test in 2018, and has since bragged about how he "aced" it "very hard." Representatives for Biden, Trump and Graham didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Sen, Lindsay Graham, Donald Trump, Biden, Robert Costa, Graham, Trump, Joe Biden, Biden's, Graham didn't Organizations: Service, CBS, South Carolina Republican, Business, CNN, Trump, Democrats, ABC News, Biden, Business Insider Locations: Detroit

Around 8 in 10 people infected with West Nile virus don’t show symptoms. These symptoms can often be confused with those of other viruses, so the majority of West Nile cases are never diagnosed. The CDC’s tally for West Nile cases this year is likely an undercount, since several states have reported additional human cases in recent weeks. Raman said he’s worried about more West Nile transmission during monsoon season in the Las Vegas area, which is expected to start soon. The county announced in late June that one person, a blood donor, had tested positive for West Nile virus.

Persons: “, ” Kate Fowlie, “ WNV, ”, Scott Weaver, Weaver, ” Weaver, Vivek Raman, Raman, he’s, Lindsay Huse, Dranda Hopps, “ It’s Organizations: Centers for Disease Control, Prevention, USDA Agricultural Research Service, Agricultural Research Service, AP, Institute, Human, University of Texas Medical Branch, U.S, CDC, West, Southern, Southern Nevada Health District, Southern Nevada Health, The Texas Department of State Health Services, NBC, Dallas, Fort, Texas Department of State Health Services, Scott County Health Department Locations: Arizona , Arkansas , Kansas , Maryland , Michigan , Mississippi, Tennessee, West Nile, West, U.S, Texas, Colorado, Southern Nevada, Nile, Las Vegas, Douglas County , Nebraska, Houston, Springtown , Texas, Fort Worth, Springtown, Clark County , Nevada, Scott, Illinois

☆ Parenting influencers in Illinois must now pay their children if they feature in videos. Experts say it's about time.
▼ + stars: | 2024-07-05 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewA new law passed in Illinois on July 1 requires parenting influencers to set aside 15% of their earnings for their kids who appear on camera. But, there is a market for family content because it gets good engagement, Varbanova added. "If people stopped watching family content, family vloggers wouldn't exist." Because family content is so successful, it's also tough to give it up. Advertisement"If they appear in all of the videos, they should get at least 50% of the revenue," Varbanova said.

Persons: —, Shreya Nallamothu, Jessica Maddox, Naomi Cahn, Katya Varbanova, shouldn't, Varbanova, influencer Jordan, Lilly Davis, Paul, Momfluencer Ruby Franke, Ruby Franke, Wren, Jacquelyn Paul, TikTok, it's Organizations: Service, YouTube, Business, Associated Press, University of Alabama, AP, The New York Times, University of Virginia's Family Law, School of Law, UVA, Disney Locations: Illinois, Washington , Maryland, California

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