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Wealthy buyers and celebrities are increasingly choosing Florida for its tax benefits and weather. Athletes like Tom Brady and stars like Scott Baio are establishing themselves in the Sunshine State. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Superstar athlete Lionel Messi, for instance, made his way to Florida after leaving Barcelona. Actors like Sylvester Stallone, one of the many Hollywood stars who've left California, also opted to make Florida his new home base.
Persons: Tom Brady, Scott Baio, , Lionel Messi, Sylvester Stallone, who've Organizations: Sunshine State, Service, Barcelona, Hollywood, Business Locations: Florida, California
Read previewSome single Chinese women — fatigued from the social stigma of being unmarried and childless — are opting to run away altogether. These women — mostly millennials in their mid to late 30s — are taking to the Chinese social media platform Xiaohongshu to talk about their great escape to the West. These women, per their accounts, are enrolled in higher education in countries like France, the UK, and the US. In these diary-style posts, the women talk about how higher education in the West has been their ticket to freedom. AdvertisementLeftover womenThere are several push factors that may be motivating more Chinese millennial women to seek greener pastures abroad.
Persons: , who've, Claudia Ke, Ke, Susu, she'd, childrearing, Emily Huang, BI's Kevin Tan Organizations: Service, US, Business, China, Burgundy School of Business, University of Cambridge, China Centre for Economic Research, National Bureau of Statistics Locations: France, China, Shanghai, Europe, Cambridge, England, Peking
Taylor Swift brought Travis Kelce to the stage during a London Eras Tour show on Sunday. Kelce, clad in a tuxedo and top hat, carried Swift during "I Can Do It With a Broken Heart." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaylor Swift surprised her London fans on Sunday by bringing her boyfriend, Travis Kelce, onstage during her performance at Wembley Stadium. Kelce, wearing a tuxedo and top hat, carried Swift across the stage during her outfit change for the song "I Can Do It With a Broken Heart."
Persons: Taylor Swift, Travis Kelce, Swift, who've, , Brian Hernandez Organizations: Service, Wembley
10'000 Hours | Digitalvision | Getty ImagesThere are areas in the U.S. that are considered to be the least difficult places to buy a home, according to a new real estate indicator. When the counties are sorted by index rank, Iroquois County, Illinois is the least difficult market to buy a home, according to the NBC News Home Buyer Index. Economic Instability: Macon County, Tennessee has the most stable local economy among measured areas. And finally, economic instability considers an area's market volatility, unemployment levels and interest rates. The NBC News Home Buyer Index was developed by NBC News alongside housing experts, such as a real estate industry analyst and a bank economist from the Federal Reserve Bank of Atlanta.
Persons: Joe Murphy, , Murphy, Danielle Hale, Jacob Channel, Hale Organizations: NBC, U.S ., Finance, NBC News, Federal Reserve Bank of Atlanta, U.S . Department of Housing, Urban Development, . Census, Federal, Fed, who've Locations: U.S, Iroquois County , Illinois, Somervell County , Texas, Imperial County , California, Macon County , Tennessee
In some ways, they're actually faring better than their older millennial peers, and their struggles point to larger cracks in America's social support systems. Younger millennials are getting creative about becoming homeowners, explained Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors. Because younger millennial women are focused on their careers, they're continuing the overall millennial trend of delaying family formation. AdvertisementAnd some of younger millennials' accumulated wealth has faded thanks to inflation, Ricketts said. He pointed out that younger millennials who invest their wealth well are more likely to consume and drive economic growth.
Persons: I've, , Diana Elliott, somethings, Gabby Davis, Davis, Gen Z, Cuspers, they've, Elliott, they'll, millennials, Rollin, Zers, Louis Fed, didn't, Louis, Lowell Ricketts, Ricketts, aren't millennials, who've, Younger millennials, Jessica Lautz, They're, Lautz, they're Organizations: Service, Pew, Population Reference, Louis Fed, Fed, National Association of Realtors, NAR, Young Locations: U.S
The multiple exceeds 9 and approaches 12 in the hottest markets, rendering them "impossibly unaffordable," per a recent study. That's according to "The State of the Nation's Housing 2024" report published by Harvard University this week. Only 6.6 million — fewer than 15% — of the 45 million renter households in the US make enough to afford the median payment. Indeed, the Harvard study found that 23% of homeowner households were "stretched worryingly thin," and more than a quarter of renters were paying at least half their incomes toward housing and utilities in 2022. Many homeowners are seeing their incomes squeezed by steeper prices and interest payments, and many renters have given up on buying a home.
Persons: , Robert Gauthier Organizations: Service, Business, Harvard University, Survey, Consumer Finances, Harvard Locations: La Habra , California
My parents, who still live in the US, always talked about how much we could save if I went to university in Australia. AdvertisementIn Australia, I've benefited from financial support from my parents and partner. I don't pay rent or utilities except for WiFi. I don't think my job outcome would have been as good if I were in the US. My parents plan on coming back to Australia when they retire, so I am very much looking forward to that.
Persons: , Aolin Xu, I've, I, they're, Australia doesn't, Ernst & Young Organizations: Service, Business, University of New, UNSW, Australian, US, Ernst & Locations: Australia, Washington, Canada, America, University of New South Wales, Sydney, Bali, Malaysia, EY
What's next: Media Matters filed a motion to dismiss Musk's lawsuit in March, but a judge has yet to rule. VCG/GettyGovernment lawsuits and investigationsSEC investigation into Musk's Twitter takeoverThe issues: The Securities and Exchange Commission is investigating Elon Musk's Twitter purchase. Matt Winkelmeyer/Getty ImagesPersonal lawsuits against MuskTornetta v. MuskThe issues: Tesla shareholder Richard Tornetta sued Musk and Tesla in a class action lawsuit regarding Musk's compensation package, which was worth $55.8 billion at the time. Several lawsuits also allege Musk discriminated against them because of their race, gender, or disability in choosing to fire them. The executives were set to receive golden parachutes, but claim Musk and X have not paid them out.
Persons: , Elon Musk, Musk, Claire Boucher, Grimes, Alex Spiro, Sam Altman, Donald Trump, Spiro, Anna Webber, Angelo Carusone, What's, Gina Carano, Schaerr Jaffe, Tesla, Musk's, Elon, SEC hasn't, Elon Musk's, who've, Owen Diaz, Matt Winkelmeyer, Richard Tornetta, Kimbal Musk, He's, Boucher, Benjamin Brody, Brody, Brody reverberated, Ben Brody, didn't, Robert Kaiden, Kaiden, he's, Agrawal, Parag Agrawal, Ned Segal, Twitter Vijaya Gadde, Sean Edgett, Segal, hadn't Organizations: Service, SpaceX, Business, OpenAI, SEC, Trump, Trump —, Elon, Variety, Media, X Corp, Disney, National Labor Relations Board, UAW, Tesla, Getty Government, Twitter, Securities, Exchange Commission, Justice Department, Reuters, Traffic, Administration, NHTSA, Apple, NLRB, Musk's SpaceX, US, Employment Opportunity, Musk, Nazi, Litigation Locations: Texas, Texas and Missouri, America, Nazi Germany, California, Delaware, San Francisco
AdvertisementIn Australia, I've benefited from financial support from my parents and partner. I don't pay rent or utilities except for WiFi. AdvertisementI also think that this culture has allowed me to feel less pressure to go out and I've performed better academically. I don't think my job outcome would have been as good if I were in the US. My parents plan on coming back to Australia when they retire, so I am very much looking forward to that.
Persons: , Aolin Xu, I've, I, they're, Australia doesn't, Ernst & Young Organizations: Service, Business, University of New, UNSW, Australian, US, Ernst & Locations: Australia, Washington, Canada, America, University of New South Wales, Sydney, Bali, Malaysia, EY
April 2004: Rebecca Loos accuses Beckham of an affair. Rebecca Loos was Beckham's personal assistant for his first few months in Madrid. Don Nicholas / Getty ImageOn April 4, 2004, the UK's News of the World newspaper published a story that alleged Beckham had an affair with Loos, who had since been fired as his assistant. Loos also said in the interview she wasn't afraid of the Beckhams taking her to court. The simple truth is that I am very happily married and have a wonderful wife and two very special kids.
Persons: Rebecca Loos, Beckham, Madrid . Don Nicholas, Getty, Loos, Sky News's Kay Burley, David, he's, who've Organizations: UK's, Sky, Guardian Locations: Madrid .
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "The journalistic standards and ethics at the Post will not change," Bezos wrote in the email, which was obtained by Business Insider and reported earlier by CNN. This story is available exclusively to Business Insider subscribers. Bezos bought the Post for around $250 million in 2013, but the Times reported the newspaper had $100 million in losses in 2023.
Persons: , Jeff Bezos, Bezos, Will Lewis, Lewis, Robert Winnett, William, Sally Buzbee, Matt Murray Organizations: Service, The Washington Post, Business, CNN, News Corp, New York Times, Sunday Times, BI, Post, Times, Wall Street, The
But the terms' recent popularity suggests people want to understand how they fit into the broader economy beyond standard measurements. But that, too, is uncertain: She said she was "dangerously close" to losing the aid because her income is too high. ALICEs tend to be older or younger workers, and while they're represented across racial groups, they're more likely to be Black or Hispanic. HIFI: High Income, Financially InsecureHIFI is the latest acronym to join the club. In a 2021 Medium post, Erica Dhawan defined "geriatric millennials" as millennials born in the early 1980s.
Persons: ALICE, HENRY, Kory, Anthony Klotz, Kantenga, DINK, They've, they've, Eric Anicich, Henry, Alice, haven't, Sarah, she's, — there's, they're, Carrie, Gen Zers, Brenton, Mirlanda, Neiman Marcus, Katie Notopoulos, Paige Connell, Connell, Chrissy Arsenault, Arsenault, Jimmy Simpson, who've, Rich, Christopher Stroup, Stroup, HIFIs, Erica Dhawan, Dwahan, Louis, , Jewel Benjamin, Benjamin, micromanaging, Erin Snodgrass, Jacob Zinkula Organizations: FIRE, Business, LinkedIn, Texas, USC Marshall School of Business, : Asset, SNAP, Los Angeles Times, DINKs, Public School, Financial Independence, Sherwood News, Federal Reserve Bank of St, Federal Reserve, University of Michigan Health, Social, Social Security Locations: POLK, City, Dallas, Boston, Massachusetts, Colorado, Santa Monica , California, millennials, Georgia
New college graduates are having a harder time finding work, and as a result, some of them could see their careers and earnings take a hit for years. Meaning that recent college graduates have been more likely to be unemployed than the broader population. This new normal has worked out OK for some Americans, but it's been particularly tough on new college graduates. While the tough job market could temporarily hurt some young graduates' earnings, there's reason to be optimistic that their finances could eventually recover. But if the job market continues to prove frustrating, some of them may begin to wonder.
Persons: Lohanny Santos couldn't, Zer, Santos isn't, overqualified, millennials, Gen Zers aren't, Julia Pollak, ZipRecruiter, it's, — aren't, they'd, , grads —, Goldman Sachs, Elise Peng, Louis, who's Organizations: Service, Business, New York Fed, NY Fed, Meta, Rice University's, Bloomberg, LinkedIn, National Association of Colleges, Glass Institute, Strada Education Foundation, Federal, Louis Fed
Finding an affordable apartment in New York City has become ever more challenging for low-income people — and an expansion of key federal assistance isn't likely to help much. Ultimately, though, it will only issue 20,000 new vouchers, bringing the total number of vouchers up from about 96,000 to about 115,000, the New York City Housing Authority said. AdvertisementNew York City has the largest housing voucher program in the country, but it still falls far short of need. Discrimination against housing voucher holders by landlords is pervasive, even in places that prohibit it. Fully funding housing vouchers is key.
Persons: isn't, Gothamist Organizations: Service, New, New York City Housing Authority, Harvard University, of Housing, Urban Development Locations: New York City, York City, New York
Like Tesla and Palantir, GameStop was a popular stock to short among hedge funds, though GameStop took it to a whole new level. "That's how I feel about these GME posts that are using the 'P' and get in so we can cause an 'S' words that are no-nos." That was enough to make WallStreetBets the seventh-largest holder of GameStop stock, ahead of some of the big Wall Street investment firms that had shown interest in the stock. AdvertisementOn WallStreetBets, Alzmann shared the growing evidence that Cohen was indeed planning to take a more active role at GameStop. AdvertisementBut when Cramer dug into the conversation happening around GameStop on WallStreetBets, he saw that something new and more sophisticated was happening.
Persons: GameStop, Jaime Rogozinski, Tesla, Jordan Zazzara, I've, Zazzara, Ryan Cohen, Andrew Left, ahem Citron, PLTR, here's, Citron, We're, WallStreetBets, Uberkikz11, I'm, Ryder, Rod Alzmann, Bolt, Alzmann, Kitty, Roaring Kitty, StockTwits, lockdowns, Nathaniel Popper, Harper Collins, Cohen, Jim Cramer, manipulatively, Cramer, who've, It's Organizations: GameStop, Sony, Business, Twitter, Gamestop, Virgin Galactic, Blockbuster, Netflix, Citron Research, Research, Vanguard, YouTube, Roaring, Roaring Kitty, Owls, WSB, shits, GME Owls, CNBC, Virgin, Street Books, HarperCollins Publishers, Misfits Locations: sweatpants, Tampa , Florida
Here are some little-known secrets even the biggest Disney fans might not know about Magic Kingdom. There's a hidden homage to Walt Disney at the front of the parkWalt Disney Was born in 1901. Kim Renfro/INSIDERAlthough Space Mountain is an iconic attraction that has become synonymous with the park, it was not an opening-day attraction at Magic Kingdom in 1971. There are locations in both Disneyland and Disney World, and the Magic Kingdom Club 33 is located at the entrance to Adventureland near the Adventureland Bazaar. The Walt Disney World Railroad spans 1.5 miles across the parkMagic Kingdom's 20-minute train ride stops on Main Street, in Frontierland, and in Fantasyland.
Persons: , Walt Disney, Jenna Clark, Walt, isn't, Roberto Machado Noa, it's, Jenna Clark Gaston's, It's, Kim Renfro, Mickey Mouse's, Mickey, Mickey Mouse, ROBERT SULLIVAN, who've, Walter E, Lilly Belle, Walt's, Lillian, Roy O, Roger E, Jenna Clark Just Organizations: Service, Disney, Magic, Business, Walt, Kingdom, Barber, Getty, Magic Kingdom, Kingdom's, Adventureland, Cinderella, Walt Disney World Railroad, Liberty, Hollywood Studios Locations: aren't, Frotierland, USA, New Fantasyland, Tomorrowland, Magic, Pinocchio's, Adventureland, There's, AFP, Frontierland, Fantasyland
Some researchers are advocating the benefits of VR therapy for psychosis treatment. A clinical trial showed VR therapy reduced anxiety and agoraphobia in people with psychosis. Anywhere from 15 to 100 people out of 100,000 develop psychosis annually, according to the National Institute for Mental Health. AdvertisementThere's a growing body of research that demonstrates the efficacy of VR treatment, yet Bullock described healthcare providers as a "cautious group by nature." Despite reluctance among US healthcare providers, researchers in the UK, Hong Kong, Canada, and elsewhere are building a convincing case for VR treatment.
Persons: , Daniel Freeman, Freeman, Kai Conibear, Conibear, It's, Kim Bullock, neuropsychiatrics, Bullock, who've, Jessica Wong, Wong, — Conibear Organizations: Service, Oxford University, National Institute for Mental Health, National Health Service, Stanford University, VR, Museum, hospital's Institute of Mental Health Locations: Tuen Mun District, Hong Kong, Canada
You could have invested a lot of money in AI chip startups several years ago. "Us going up against them is insane," said Thomas Sohmers, CEO of Positron AI, a chip startup that emerged from stealth a few months ago. "The model of AI chip startups needing to raise 10s to 100s of millions of dollars before they actually test product market fit is insane," he added. TigrisOpenAI's Altman may also be working on an AI chip startup of his own. So it stands to reason that Masa has been trying to raise money for an AI chip startup.
Persons: , Graphcore, Thomas Sohmers, Nvidia Thomas Sohmers, Sohmers, Groq, Googlers, Puneet Kumar, Mark Hayter, Rivos, Andrew de los Reyes, Gavin Uberti, Chris Zhu, Nvidia's, OpenAI's Sam Altman, OpenAI's Altman, Altman, Masa, Softbank, Son Organizations: Service, Microsoft, Samsung, Business, Nvidia, MediaNews, Boston Herald, Getty, MIT, Google, Chrome, Matrix Capital, Intel, Harvard, Bloomberg News, Bloomberg Locations: Silicon Valley, Swiss, Groq, GroqWare, WeWork
Gerstbacher, a 50-year-old based in San Francisco, was "really unhappy" at work, he told Business Insider via email. First, he's an "older dad," and he wanted to maximize the time he could spend with his three-year-old son. "I felt that I should take the quality time now since I'll be 70 when my son graduates from high school," he said. However, the decline in working men is also due to some positive developments, like the growth of women in the workforce. AdvertisementEven though he's in the process of returning to the workforce, Gerstbacher said he's continued to prioritize spending time with his son.
Persons: , Francisco Gen Xer, Randy Gerstbacher, Gerstbacher, He's, they've, hasn't, he'd, he's Organizations: Service, Business, CDC, Bureau of Labor Statistics Locations: San Francisco
The company wants Nasdaq's help to investigate the alleged "naked" short selling. AdvertisementDonald Trump's media company is doubling down on claims there's something fishy with its stock — and it wants the Nasdaq's help investigating. In another letter to Nasdaq CEO Adena Friedman on Tuesday, Devin Nunes — the president of Trump Media and Technology Group — raised concerns about potential "manipulation." Nunes wants to investigate whether "Wall Street insiders" are engaged in naked short selling the stock, which trades under the DJT ticker. As of Wednesday, Trump Media had a market capitalization of roughly $8 billion.
Persons: Trump, Devin Nunes, , Donald Trump's, Adena Friedman, Devin Nunes —, Nunes, who've, Friedman, DJT, FTDs, he's, Donald Trump Organizations: Service, Trump Media, Technology, Truth, Nasdaq, Business, Citadel Securities
Barry Sternlicht, chairman and CEO of Starwood Capital Group, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, on May 7, 2024. Barry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could pull from his real estate fund amid mounting losses and redemption requests. The firm said the real estate trust, one of the largest in the world, maintained $752 million of immediate liquidity as of the end of April. Sternlicht called the Fed's monetary policy "unbelievably ineffective," but he believes interest rates will come down soon. "The real estate asset class is probably the biggest victim of the unintended consequence of his actions," he said.
Persons: Barry Sternlicht, The Beverly Hilton, Sternlicht, who've Organizations: Starwood Capital Group, The Beverly, Starwood, Income Trust Locations: Beverly Hills , California
For 18 months between 2020 and the end of 2021, Lisa secretly worked one fully remote job and a second hybrid job. When pandemic conditions eased, she thought her fully remote employer would pivot to a hybrid work schedule — and managing two hybrid jobs seemed impossible. Advertisement"It was a good career move at a time when I thought that remote work was going to disappear," she said. Lisa said she'd consider job juggling again if she could find two fully remote jobs that checked most of her boxes. AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?
Persons: , Lisa, who's, they'll, who've, It's, Lisa didn't, she'd Organizations: Service, Business, Bureau of Labor Statistics Locations: Wisconsin
Richard Taylor helped build BetMGM's responsible-gaming departmentRichard Taylor. He knew working in responsible gaming could bring a lot of good to the industry. He was previously the director of responsible gaming at MGM Resorts International and moved almost four years ago to BetMGM, where he currently serves in the same role. "I was fortunate enough to be selected to be the first director of responsible gaming," he told BI. He said this excited him because he could take the knowledge he obtained over the years to hopefully help young staff build good habits.
Persons: Richard Taylor, Mitchell Ternay, Taylor Organizations: MGM Resorts International, San Diego Padres, Las Vegas Locations: Las Vegas, Taylor
This as-told-to essay is based on a conversation with Trinity Howard, a 22-year-old loyalty tester in Tampa. Before I became a loyalty tester, I had my own run-in with cheating. I didn't know it then, but that was my first loyalty test, and it's now my full-time job. I told my new following to DM me if they were interested in a loyalty test and that I'd do it free of charge. I became a loyalty tester on LazoIn 2023, the founders of Lazo, a platform specializing in relationship loyalty tests, contacted me.
Persons: Trinity Howard, it's, who've, Lazo, I've Organizations: Service, Business, Lazo, Trinity Locations: Tampa
Tribeca Festival will feature five short films made with OpenAI's Sora on June 15. Filmmakers received early access to Sora and created the films in just weeks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGenerative AI is making its debut at the Tribeca Festival, a 20-year-old New York film festival founded by actor Robert de Niro. In collaboration with OpenAI, the Tribeca Festival is set to premiere five short films created using artificial intelligence on June 15.
Persons: OpenAI's Sora, Creatives, , Robert de Niro, OpenAI Organizations: Tribeca, Filmmakers, Service, Business Locations: York
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