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☆ Elon Musk, eat your heart out: A new spaceflight startup wants to use a wild new technology to cut the time it takes to fly to Mars in half
▼ + stars: | 2023-07-20 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

A new aerospace company is building a rocket that could cut the travel time to Mars in half. UK-based aerospace company Pulsar Fusion is working to build a rocket powered by nuclear fusion that could reach speeds of 500,000 mph, the company announced. With current technology, NASA estimates it would take seven months to reach Mars, so about 30% of the total "safe" trip time would be wasted in transit. In response to a story about using nuclear rockets to reach Mars in 100 days, he said it was something NASA should be exploring, calling it a "great idea." Pulsar Fusion is looking to have a test firing of a rocket toward the end of this decade.

Persons: Elon Musk, Musk, Richard Dinan, Adam Baker, James Lambert Organizations: Service, Privacy, Pulsar, NASA, Pulsar Fusion, Mars Locations: Wall, Silicon

☆ The weather is so chaotic that tourists are risking their lives to take selfies with a giant thermometer in Death Valley
▼ + stars: | 2023-07-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

People are flocking to the hottest spot of them all in Death Valley, where temps are exceeding 130. But the hottest spot of them all is Death Valley National Park, the famously scorching location on the border of California and Nevada. Tourists in Death Valley. Earlier this month, a 65-year-old man was found dead in his car in Death Valley. A sign warns people not to walk outside in Death Valley after 10 am.

Persons: John Locher, Ty ONeil Organizations: Service, MSNBC, Weather, National Weather Service, National Park Service Locations: Death, Wall, Silicon, Phoenix, Europe, California, Nevada, Death Valley

☆ Why Apple is so obsessed with India
▼ + stars: | 2023-07-18 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

A growing middle class and demand for high-end tech offers opportunities for Apple to grow revenue. And so I'm very, very bullish and very, very optimistic about India," Apple CEO Tim Cook told investors in 2017. Only 5% of smartphones sold in India are iPhonesAccording to CNBC, iPhones accounted for 5.1% of all smartphone sales this year in India. India also now accounts for 4% of all iPhone sales, making it the fifth-largest consumer of Apple phones. Apple already dominates the US and much of the rest of the world, but it is still a minor player in India.

Persons: Goldman Sachs, Tim Cook, Beatrice Nolan, Cook, Nitin Soni, Forbes Organizations: Apple, Morning, CNBC, Labor, Fitch Ratings Locations: India, China, Greater China, US

☆ Biden raised nearly as much money as all the Republican candidates combined, showing the power of the somebody-other-than-Trump vote
▼ + stars: | 2023-07-17 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

That is nearly as much as all the Republican candidates combined despite his low approval numbers. CNNThis haul comes in the same quarter Biden made his reelection campaign official, which likely helped to boost the total. As Republican candidates start to fall out, the real question will become how many of these donors are some-other-Republican-besides-Trump voters and how many are truly anybody-but-Trump voters? But what happens if most of Trump's Republican candidates stay in for the long haul? How long the candidates stay in will likely come down to money, and Republican candidate Chris Christie defended the fundraising numbers.

Persons: Biden, Joe Biden's, Donald Trump, Trump, George Will, Ron DeSantis, Don Gonyea, Gonyea, Chris Christie, Jake Tapper, Dana Bush, Christie Organizations: Republican, Trump, Service, Democratic National Committee, GOP, CNN, Biden, Democrats, Trump voters, Washington Post, NPR, Union Locations: Wall, Silicon

☆ Bud Light lost its crown as America's 'King of Beers' — but it was going to happen even without the conservative boycott
▼ + stars: | 2023-07-17 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Modelo passed Bud Light, which has been the subject of a boycott by conservatives. It recently took the crown from Bud Light, which saw its market share drop to 7%. "Modelo and Michelob Ultra (another Anheuser-Busch brand) both were on track to eventually overtake Bud Light," Maloney wrote, citing long-term market share data. "Everybody kinda figured Bud Light was getting hit by that boycott, so it fell out of No. But Neil Reid, a professor at the University of Toledo who studies the beer industry, told Reuters that the Bud Light boycott is lingering longer than expected.

Persons: Bud Light, El Rey, Bump Williams, influencer Dylan Mulvaney, Jennifer Maloney, Bud Light's, Maloney, Jack Hough, Light, Hough, Corona, Neil Reid Organizations: Modelo, Service, Anheuser, Street Journal, Busch, Fox, Northwestern University, University of Toledo, Reuters, Bud Light Locations: Wall, Silicon, El, Modelo

☆ Welcome to the future of America: a chicken in every pot and a pro sports team in every backyard
▼ + stars: | 2023-07-15 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

A few years ago, it was generally accepted that there were four major pro sports leagues in North America consisting of 122 teams: MLB, the NBA, the NFL, and the NHL. Take Major League Soccer. Aliyah Boston (right) and WNBA Commissioner Cathy Engelbert pose with an Indiana Fever jersey during the 2023 WNBA Draft. This seemingly insatiable need for programming is a big reason why North American newcomers, like Major League Rugby and Major League Cricket, also have a good shot at survival. In other words, if you have ever dreamed of having a pro sports team in your neighborhood, there's never been a better chance it might actually happen.

Persons: Adam Silver, Rob Manfred, Don Garber, Lionel Messi, Cathy Engelbert, Adam Hunger, there's Organizations: NBA, MLB, MLS, Sports, Las Vegas, NHL, Las, Seattle —, NFL, Major League Soccer, Inter Miami, Boston, Indiana Fever, Major League Rugby, Major League Cricket, XFL, USFL, ESPN Locations: North America, Seattle, Las Vegas, Europe

☆ India is on pace to pass the US on the list of the world's biggest economies — but there's a looming chance it squanders this promise
▼ + stars: | 2023-07-14 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

According to a recent Goldman report, India's economy is projected to top America's around 2075, becoming the second-largest in the world. India's economic growth is fueled by several key factors, including its vast labor force, technological advances, and burgeoning capital investment. A significant driver of this growth is innovation and technology, as noted by Goldman Sachs's chief India economist, Santanu Sengupta. The Goldman Sachs team noted that the biggest risk facing the country is if the labor force participation rate does not reverse its current 15-year downward trend. "If you have more opportunities — especially for women, because the women's labor force participation rate is significantly lower than men's — you can shore up your labor force participation rate, which can further increase your potential growth."

Persons: Goldman Sachs, Goldman, Zahra Tayeb, Goldman Sachs's, Santanu Sengupta, Sengupta, Tan, Elon Musk Organizations: Service, Apple, SpaceX, Goldman Locations: India, China, Wall, Silicon, India's, Mexico, Pacific

☆ Nearly half the world's population lives in countries where the government spends more on debt than education or healthcare
▼ + stars: | 2023-07-14 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

Almost 40% of the developing world is in serious debt trouble, especially in Africa. In addition to the growing debts, developing countries are also facing higher interest rates. According to UN Secretary-General Antonio Guterres, 3.3 billion people live in countries where the government spends more on debt interest payments than education or health. According to the UN report, countries facing "high levels of debt" more than doubled from 22 in 2011 to 59 in just 11 years. Another issue is that more and more debt in developing countries is held by private lenders who charge much higher interest rates.

Persons: Antonio Guterres, Guterres, Al Organizations: Service, UN Locations: Africa, Wall, Silicon, Al Jazeera, skyrocketing, Nigeria, States, Europe

☆ Turns out all we may need to stop climate change is 139 billion gallons of super-duper white paint
▼ + stars: | 2023-07-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

According to one professor, we can stop global warming if we used a new super white paint. The problem though, is we would need to cover at least 1% of the earth's surface with the paint. But just how big is 1-2% of the Earth's surface? For reference, the total land area of the United States is just over 3.5 million square miles, so we'd need to cover the country in white paint from sea to paint-stained sea. If we assume the new paint acts like commerical paint, as the Purdue researchers suggest, a gallon would cover about 400 square feet, we would need roughly 139 billion gallons of the super-duper white paint to cover just 1% of the Earth's surface.

Persons: Jeremy Munday, Davis, Munday Organizations: Service, Purdue University, University of California, New York Times, Purdue Locations: United States, Texas

☆ For the first time, a majority of Americans have declared 'Mission Accomplished' on the pandemic. But they're still not sure what the hell 'normal' looks like.
▼ + stars: | 2023-07-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +2 min

For the first time, a majority of Americans now say the COVID pandemic is over. For the first time, a majority of Americans say the COVID pandemic is over — but they're not quite ready to declare a "back to normal." Despite most people feeling the pandemic is over, most still don't believe life is back to "normal." According to the Gallup poll, 43% of Americans feel "life is completely back to normal," up from 34% in February. Indeed, there are signs that things are still different than before the pandemic — just look at all the empty office towers.

Persons: Joe Biden, Matt Turner Organizations: WHO, Service, Gallup, World Health Organization, US State Department Locations: Wall, Silicon

☆ Mexico replaced China as America's top trade buddy — and it shows how the global economy is rapidly transforming
▼ + stars: | 2023-07-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Trade between the US and Mexico reached $263 billion during the first four months of this year. That pushed Mexico past China and Canada as the top trade partner since the start of the pandemic. China was the top partner for much of the 2010s and again at the start of the pandemic. Trade with Mexico accounted for 15.4% of all the goods exported and imported by the US, just ahead of America's trade totals with Canada (15.2%) and China (12.0%). Trucks carrying shipping containers line up as they are flagged for a secondary inspections at the Port of Manzanillo, Mexico.

Persons: Luis Torres, Donald Trump's, Torres, Nearshoring, Peter S, Goodman, Michael Burns, Salwan Georges, Shannon O'Neil's, Greg Rosalsky, O'Neil, Joe Biden, Antony Blinken, Xi Jinping, Janet Yellen, Xi, Yellen Organizations: Service, Federal Reserve Bank of, Canada, Dallas Fed, New York Times, Walmart, Murray Hill Group, Trucks, Washington, Getty, NPR Locations: Mexico, China, Canada, Wall, Silicon, Federal Reserve Bank of Dallas, Pacific, Port, Manzanillo, USA, United States

☆ The wildest demand Saudi Arabia made as part of its potential investment (takeover?) in the PGA Tour: get LIV Golf's Saudi boss a Masters green jacket
▼ + stars: | 2023-07-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Congress grilled the PGA about its bid to merge with LIV Golf and accept Saudi Arabian investment. As PGA Tour board member Jimmy Dunne put it, "There is simply an agreement to try to get to an agreement." LIV Golf would only play in the fall and not overlap with the heart of the PGA Tour season. What makes the demand even stranger is that the PGA Tour almost certainly does not have the power to grant this. After all, despite the initial fight between the PGA Tour and LIV Golf, none of the defecting players were being withheld from competing in the majors.

Persons: LIV Golf, LIV, LIV Golfand, Jimmy Dunne, Woods, Rory McIlroy, Yasir Al, PIF, Donald Trump, Greg Norman, Chris Trotman, St Andrews, Andrews, Stephanie Asymkos, Augusta Organizations: Augusta National, PGA, Service, PGA Tour, LIV Golf, Investigations, Saudi Arabian Public Investment Fund, LIV, Aramco, Congress, Augusta National Golf, Getty, Augusta National Golf Cub, Golf, St, — Augusta National, Augusta, Uber, Microsoft, Boeing, Disney, English Premier League soccer, Newcastle United, Al, Wall Street Locations: Saudi, Wall, Silicon, Saudi Arabia, St

☆ The global golf megamerger looks even more confounding after a 3-hour grilling in front of Congress
▼ + stars: | 2023-07-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Big questions remain, especially as to why the PGA Tour took the Saudi money without looking elsewhere. The PGA Tour's deal with LIV Golf and Saudi Arabia's Public Investment Fund (PIF) is just an agreement to seek an agreement. This all started when LIV Golf, with golf legend Greg Norman at the lead, started offering PGA Tour players vast sums of money to jump to the new Saudi-backed golf league. The PGA Tour, a non-profit, just did not have the resources to compete with the deep pockets of the Saudis. PGA Tour Commissioner Jay Monahan has yet to testify before Congress.

Persons: LIV Golf, Greg Norman, Sergio Garcia, LIV, Chris Trotman, Sen, Richard Blumenthal, Conn, Tom Williams, Jodi Balsam, Balsam, Jay Monahan, Rob Carr, Jimmy Dunne, Eamon Lynch, Golfweek, Lynch, It's Organizations: Service, LIV, Tour, PGA Tour, Saudi Arabia's Public Investment Fund, PGA, Royal Greens, & Country Club, King Abdullah Economic, Inc, Getty, Brooklyn Law School, NBA Locations: Wall, Silicon, Saudi, Jeddah, King Abdullah, King Abdullah Economic City, Saudi Arabia, PIF

☆ A country slightly bigger than Texas is projected to match the US's population by 2050 — and it shows how radically the world is going to change over the next three decades
▼ + stars: | 2023-07-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

It's World Population Day. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyHappy World Population Day. "The population growth is, of course, partly explained by improvement in level and access to public health," Amare said. Michael Herrmann, an economic adviser with United Nations Population Fund, told Africa News that without proper planning it can difficult to care for, educate, and employ a population growing that fast. "They want to create full employment for the people, and a growing population can raise the stakes in these efforts.

Persons: António Guterres, it's, Tighisti Amare, Amare, Michael Herrmann, Hermann Organizations: Service, United Nations, Google, Africa, Chatham House, United Nations Population Fund Locations: Nigeria, Wall, Silicon, India, China, Japan, Germany, Pakistan, Indonesia, Texas, Africa, London

☆ Disney World has a bigger problem than Ron DeSantis: people aren't going
▼ + stars: | 2023-07-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Disney's ongoing feud with Ron DeSantis is certainly a factor. Ron DeSantis, it's pretty clear that the park's problems run deeper than a political beef. While crowd sizes are down in the US parks, revenue is up at international Disney parks such as Disneyland Hong Kong. Despite the DeSantis dust-up, the park's biggest issue has nothing to do with politics — Disney World is damn expensive. Ron DeSantis Paul Hennessy/SOPA Images/LightRocket via Getty ImagesIt's also clear that a cut back on vacationing is not the issue.

Persons: Ron DeSantis, Disney execs, Li Zhihua, execs, DeSantis, —, Ron DeSantis Paul Hennessy, Courtney Garcia, Garcia, Samantha Delouya, Bob Iger Organizations: Disney, Service, Walt Disney, Florida Gov, Wall Street Journal, Hollywood Studios, Shanghai Disney Resort, Hong Kong Disneyland, China News Service, — Disney, Getty, TSA, Payne Capital Management Locations: Wall, Silicon, Magic, Shanghai, Paris, Hong, Hong Kong, Florida

☆ Golf found the next Tiger Woods, but there's one hurdle that could take her down
▼ + stars: | 2023-07-10 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

Rose Zhang has arrived with a level of hype and awe that had been reserved for Tiger Woods. Tiger Woods. Christian Petersen/Getty ImagesEven before turning pro, Zhang was being called "the Tiger Woods of women's golf." Convert a few of those opportunities and the "Tiger Woods of women's golf" moniker will be too limiting. She might become "The next Tiger Woods, period."

Persons: Rose Zhang, Tiger Woods, Zhang didn't, clinches, Zhang, Christian Petersen, Cardinal, Jordan Spieth, Michelle Wie, she's, —, Woods Organizations: Tiger, American, LPGA, Athletic, US, Stanford Locations: Plenty

☆ The owner of a 1,900-square-foot house next to the Masters golf course kept turning down millions of dollars to sell
▼ + stars: | 2023-06-14 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

"We really don't want to go," Elizabeth Thacker told NJ.com in 2016. Here is a view of the house from Google Street View, with Augusta National in the background. It's like the Martians have landed," Pirample told Golf Digest. One woman, who initially told Augusta National she wanted to stay in the house until she died but eventually sold, agreed about the lights and noise. "I could do without the lights and the generators and all the noise," Kittie Baker told Golf Digest.

Persons: —, Steve Politi, Thacker, Stanley Dr, Augusta, Herman, Elizabeth Thacker didn't, Elizabeth Thacker, NJ.com, Graig, Elizabeth, Peter Larson, Politi, William Hatcher, Hatcher, John Pirample, Pirample, Kittie Baker, Herman Thacker's, Jerry Thacker, Herman Thacker, Scott Brown, Sarah Stier, Emmett Knowlton Organizations: Augusta National, Service, Golf Club, Street, Google, Summer House Realty, Augusta, Golf, PGA, Masters Locations: Georgia, Herman

☆ The owners of a 1,900 square foot house next to the Masters golf course keep turning down millions of dollars to sell
▼ + stars: | 2023-06-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Augusta National has spent $200 million buying up property around the course for two decades. According to The Wall Street Journal, Augusta National spent over $200 million purchasing over 100 properties covering 270 acres since 1999. Here is a view of the house from Google Street View, with Augusta National in the background. It's like the Martians have landed," Pirample told Golf Digest. "I could do without the lights and the generators and all the noise," Kittie Baker told Golf Digest.

Persons: —, Steve Politi, Thacker, Stanley Dr, Augusta National's, Herman, Elizabeth Thacker don't, Elizabeth Thacker, NJ.com, Elizabeth, Graig, Peter Larson, Politi, Herman Thatcher's, William Thatcher, Hatcher, John Pirample, William Thatcher's, Pirample, Kittie Baker, Thatcher, hasn't, we're, Scott Brown, Sarah Stier, Emmett Knowlton Organizations: Augusta National, Service, Augusta National Golf Club, Wall Street, Independent, Google, Summer House Realty, Augusta, Golf, Masters Locations: Georgia

☆ Take a tour of MLB legend David Ortiz's swanky $10.6 million mansion in Miami that set a record for the area's most expensive home
▼ + stars: | 2023-06-03 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

David Ortiz is unloading his mansion in the ritzy Pinecrest area of Miami. The Red Sox legend is asking $12.5 million, which would be a record for the area. Ortiz and his wife, Tiffany Ortiz, have filed for divorce, and the pair sold the house because their children are grown, according to The Wall Street Journal. The house sold for $10.6 million, a record for the Pinecrest area of Miami. The previous high was the $10.5 million paid for a house in 2022 by Tyler Herro of the Miami Heat.

Persons: David Ortiz, —, Michael Martinez, Ortiz, Tiffany Ortiz, Tyler Herro Organizations: The Red Sox, Service, Wall Street, Miami Heat Locations: Miami

☆ Take a tour of the $23 million mansion that Derek Jeter and Tom Brady both called home and is now set to be demolished
▼ + stars: | 2023-06-03 | by ( Cork Gaines | Meredith Cash | ) www.businessinsider.com time to read: 1 min

Now check out Jeter's stunning lakeside castle in New York that still hasn't sold after several years on the market:Wright Brothers Real Estate; Eric Espada/Getty Images

Persons: Eric Espada Organizations: Wright Locations: New York

☆ Michael Jordan's Chicago mansion has been on the market for 10 years. See inside — and why he can't sell it
▼ + stars: | 2023-05-24 | by ( Cork Gaines | Rachel Askinasi | ) www.businessinsider.com time to read: +1 min

Michael Jordan's Chicago-area mansion is still on the market after 10 years. He's cut the price nearly in half and tried various ways to sweeten the deal — like Air Jordans. The house was recently back in the news when an 18-year-old and a juvenile were arrested and accused of trespassing and causing damage to Jordan's abandoned mansion. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Jordan has tried to sweeten the pot by cutting the price nearly in half and throwing in a complete set of Air Jordans with the purchase of the house.

Persons: Michael Jordan's, He's, Jordan, Tony Manfred Organizations: Service Locations: Michael Jordan's Chicago, Wall, Silicon

☆ PGA star Justin Thomas is selling his 'starter' mansion and it's the ultimate bachelor pad
▼ + stars: | 2023-05-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Justin Thomas and Tiger Woods are so close that Tiger considers JT part of his family. Thomas is selling his 'starter' house in Jupiter, Florida, the home of many top golfers, including Tiger. The $3.5 million house has everything a wealthy young bachelor would want in a house. The property, dubbed Thomas' "starter house" by Golf Digest, is on the market for $3.5 million just months after he got married, and is being listed by former golfer Johnny DelPrete of Douglas Elliman Realty. So it's no surprise that the house for sale is just three miles from Tiger's home on Jupiter Island.

☆ Golf legend Vijay Singh is selling his $23 million Hawaiian mansion with stunning views — take a look
▼ + stars: | 2023-05-16 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Vijay Singh is selling his Hawaiian mansion for $23 million. The 9,500-square-foot house sits on over 51 acres and includes nearly a mile of oceanfront. Loading Something is loading. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyGolfing legend Vijay Singh is selling his Hawaiian mansion for $23 million. The 9,500-square-foot house sits on over 51 acres and includes nearly a mile of oceanfront and a guest house.

☆ Take a tour of Derek Jeter's unique lake-side castle that has been on the market for 5 years and is headed to auction
▼ + stars: | 2023-05-14 | by ( Meredith Cash | Cork Gaines | ) www.businessinsider.com time to read: +2 min

In 2018, legendary New York Yankees shortstop Derek Jeter placed his stunning Greenwood Lake, New York, castle on the market. Jeter purchased the 4.01-acre property for $425,000 in 2003, but he listed the home for a whopping $14.75 million after significant renovations. Jeter purchased his 4.01-acre Greenwood Lake, New York, property for $425,000 in 2003 and converted it into a fortress. The castle, which is roughly 45 miles northwest of Yankee Stadium, appeared on the market in June 2018 and was listed for a whopping $14.8 million. Jeter's lakeside palace — affectionately dubbed the "Gem on the Lake" in the official listing — couldn't find a buyer so it went up for auction with a starting bid of $6.5 million.

☆ Take a tour of Michael Jordan's Chicago mansion that's been on the market for 10 years and see why he can't sell it
▼ + stars: | 2023-05-13 | by ( Cork Gaines | Rachel Askinasi | ) www.businessinsider.com time to read: +1 min

Michael Jordan's enormous house in the Chicago suburbs is still on the market after 10 years. He's cut the price nearly in half and tried various ways to sweeten the deal — like Air Jordans. The house was recently back in the news when an 18-year-old and a juvenile were arrested and accused of trespassing and causing damage. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyMichael Jordan's enormous house in Chicago is still on the market after 10 years. Jordan has tried to sweeten the pot by cutting the price nearly in half and throwing in a complete set of Air Jordans with the purchase of the house.

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