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☆ Baron small-cap funds have beaten the market for decades. These are their picks in AI, data & sports
▼ + stars: | 2024-11-19 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The Baron Growth Fund (BGRFX) , Baron Small Cap Fund (BSCFX) and Baron Discovery Fund (BDFFX) all invest in the small-cap universe, and they have produced double-digit annualized returns since inception and outperformed their respective benchmarks, according to Morningstar. Total small-cap growth exposure recently hit a 10-year low when investors are shunning the asset class. The Baron Growth and Small Cap funds were created in the 1990s, while the Baron Discovery Fund was launched in 2013. Small companies, which are more domestic-oriented and cyclical, are seen as beneficiaries from President-elect Donald Trump's tax cuts and protectionist policies. "We do an incredible amount of research on these companies, which allows us to find small companies that can have great competitive advantage.

Persons: Baron Capital, Baron, Morningstar, Laird Bieger, Donald Trump's, Russell, Randolph Gwirtzman, Gwirtzman, DraftKings Organizations: Baron Capital, Baron, Baron Growth, Fund, Baron Discovery Fund, Morningstar, Kratos Defense, Security Solutions, Tempus, Gartner Locations: New York

☆ Russia says Ukraine attacked it using U.S.-made missiles, signals it's ready for nuclear response
▼ + stars: | 2024-11-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +4 min

watch nowMoscow signaled to the West that it's ready for a nuclear confrontation after Ukraine was given permission to attack Russian territory — and appeared to quickly act on that greenlight — using U.S.-made long-range missiles. Ukrainian news outlets reported early Tuesday that the missiles had been used to attack a Russian military facility in the Bryansk border region. The Kremlin has repeatedly warned the West against allowing Ukraine to use its long-range weapons to attack Russia directly. Moscow upped the ante Tuesday as Russian President Vladimir Putin signed a decree approving its updated nuclear doctrine, shifting the parameters on when Russia can use nuclear weapons. "Aggression against the Russian Federation by any non-nuclear state with the participation or support of a nuclear state is considered a joint attack."

Persons: Vladimir Putin, it's, Dmitry Peskov, Peskov Organizations: Washington Sunday, Ministry of Defense, CNBC, Kyiv Post, Kremlin's, Russian Federation, Civil Defense, Emergencies, Russia's Emergencies Ministry Locations: Moscow, Ukraine, Russian, Bryansk, Russia, Belarus, Republic of Belarus

☆ I'm 76 and raising my 3 grandsons. This is not what I thought retirement would look like.
▼ + stars: | 2024-11-19 | by ( Jane Ridley | ) www.businessinsider.com time to read: +3 min

AdvertisementPhyllis Cavone, 76, and her 75-year-old husband are raising their three teenage grandsons. My husband, Francis, 75, and I pride ourselves on taking them to as many games and training sessions as we can. The mom said Christopher's older brother, Francis, 17, met them at the practice. When we were younger, we didn't think our retirement would look anything like it does now. AdvertisementCavone's baseball fan grandsons, Christopher, 13, Dominic, 15, and Francis, 17, when they were younger.

Persons: Phyllis Cavone, Cavone, it's, Francis, Christopher, Dominic, curveballs, — Organizations: Business Locations: Orlando, Philadelphia, Pennsylvania, Florida

Options on BlackRock's popular iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq Tuesday, ushering in a new way to trade and speculate on the price of bitcoin. IBIT traded 73,000 options contracts in the first 60 mins of trading Tuesday, Nasdaq told CNBC, placing the fund in the top 20 of the most active nonindex options. The market for options contracts on major ETFs can be extremely active, and are widely used by more sophisticated traders. The launch of the bitcoin ETF options will likely also lead to new funds that incorporate those options, said Todd Sohn, ETF strategist at Strategas. And then we're going to get buffers, and then we're going to get whatever other trend-following-type strategy that folks think of.

Persons: IBIT, Bitcoin, Noelle Acheson, Todd Sohn, " Sohn Organizations: Nasdaq, CNBC, Interactive, Trust, BlackRock Locations: U.S

☆ Hugh Grant, 64, says he had his 5 kids 'much too old in life'
▼ + stars: | 2024-11-19 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

Hugh Grant recently opened up about the challenges — and perks — of having kids later in life. Related Video"But I had them much too old in life you know, I started when I was 52," he said. AdvertisementHaving children later in life has helped him as an actor, Grant said. The dad of five, however, said that having kids is nice. She added that having children later also means that she's more emotionally secure.

Persons: Hugh Grant, Grant, Hill, Maria, Tinglan Hong, Anna Eberstein, Kelly Clarkson, Caitlin Weaver, Weaver, Ryan Crawley, Crawley Organizations: Business Insider, BI

☆ Doctors Without Borders halts operations in Port-au-Prince, Haiti citing police threats
▼ + stars: | 2024-11-19 | by ( Michael Rios | ) edition.cnn.com time to read: +3 min

Doctors Without Borders, also known as Médecins Sans Frontières (MSF), accused authorities of repeatedly stopping its vehicles and threatening its staff with violence, including death and rape. MSF cited a deadly incident on November 11, when officers and vigilantes allegedly attacked one of its ambulances as it was transporting three wounded patients to an MSF hospital in Port-au-Prince. “This series of incidents have left us with no choice but to suspend our activities in Port-au-Prince,” MSF said in a statement. Brutal gang violence in the capital has resulted in the kidnappings of hundreds of people, and the displacement of hundreds of thousands of Haitians from their homes. Last week, US-based airlines suspended flights to Haiti after three of their jets were struck by bullets while flying over Port-au-Prince.

Persons: Christophe Garnier, Haiti’s, ” Organizations: CNN, MSF, United Nations Locations: Caribbean, Port, Haitian, Prince, Haiti

☆ The 5 best states to visit on your first trip to the US, according to a traveler who's been to all 50
▼ + stars: | 2024-11-19 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +2 min

AdvertisementNicole Sunderland has been to all 50 US states and has a few suggestions for first-time visitors. Michigan, Florida, Alaska, Hawaii, and Utah are her top picks for first-time visitors. From lush forests to scenic seaside drives and iconic skylines, the US has something for every type of traveler. With visitors able to experience multiple landscapes in one trip, it's no surprise the country was touted as the top tourism destination in the World Economic Forum's Travel & Tourism Development Index 2024. If you're a first-time visitor in need of some inspiration, here are five states you could add to your itinerary for a mix of popular and off-beat experiences, according to Nicole Sunderland.

Persons: Nicole Sunderland, it's, Nicole Sunderland —, —, she's Organizations: Tourism, United States Travel Association's, Sunderland, Business Locations: Michigan, Florida, Alaska, Hawaii, Utah, Portland , Oregon, New York, Boston, San Francisco, America, California

☆ OpenAI head of product shares 5 tips for using ChatGPT
▼ + stars: | 2024-11-19 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

AdvertisementOpenAI Head of Product Nick Turley said users should experiment with ChatGPT's voice mode. Turley offered chatbot users tips on how to upload documents or make their own GPTs. Many people use ChatGPT to create recipes or write work emails, but OpenAI's Head of Product Nick Turley has some handy tips users might want to try. ChatGPT's voice feature comes in nine human-like voices developed with professional voice actors, which can be changed in the website's settings, according to the company. "It is a completely different way of using ChatGPT," Turley said.

Persons: Nick Turley, Turley, OpenAI, It's, they've, ChatGPT, you've Organizations: Twitter, Pixar, Enterprise

☆ Baltic Sea internet cables cut: European officials cry sabotage
▼ + stars: | 2024-11-19 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —European officials are looking toward Russia after two submarine internet cables in the Baltic Sea were suddenly disrupted in an apparent sabotage operation, just weeks after the United States warned that Moscow was likely to target critical undersea infrastructure. A cable between Lithuania and Sweden was cut on Sunday, according to Telia Lithuania, the telecommunications company that runs the link. Separately, the state-controlled Finnish telecoms company Cinia said one of its cables, which connects Finland and Germany, was disrupted on Monday. ”Nobody believes that these cables were accidentally severed,” he told reporters on Tuesday morning ahead of a ministerial meeting in Brussels, Belgium. The extent of the disruption, if any, caused by the damage to the cables is unclear.

Persons: Cinia, Boris Pistorius, ”, “, “ Pistorius, Telia, Andrius Šemeškevičius, – Organizations: CNN, Germany’s, Museum of Occupation, European Union, BCS Locations: Russia, Baltic, States, Moscow, Lithuania, Sweden, Finnish, Finland, Germany, Brussels, Belgium, Ukraine, Czech, Prague, Riga, Latvia, Ukrainian, London, Warsaw, Poland, Belarus, Helsinki, Rostock, Lithuanian

☆ Being aerobically fit in middle age may reduce Alzheimer’s and dementia risk, study says
▼ + stars: | 2024-11-19 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

CNN —Doing more aerobic exercise in middle age and old age may reduce the risk of dementia, including Alzheimer’s disease, a new study found. Without effort, however, cardiorespiratory fitness declines as people age. “This study found a dose-dependent — meaning more was better — effect of exercise fitness on several critical types of cognitive performance,” Isaacson said. Biking, running, jogging, swimming, hiking and briskly walking can all improve cardiorespiratory fitness, experts say. The study showed that people with high cardiorespiratory fitness were more likely to take care of themselves, and therefore protect the heart-brain connection.

Persons: ”, Weili Xu, ” Xu, Richard Isaacson, “ I’ve, ” Isaacson, Dr, Valentin Fuster, Fuster, ” Fuster, “ Organizations: CNN, Aging Research, Karolinska Institute, American Heart Association, British, of Sports Medicine, Mount, Hospital, Mount Sinai, Heart Federation, Cleveland Clinic Locations: Stockholm, Florida, Mount Sinai, Mount, New York City

☆ See inside this 6-bedroom seaside mansion in Puerto Rico that just sold for $20 million
▼ + stars: | 2024-11-19 | by ( Maria Noyen | ) www.businessinsider.com time to read: +2 min

AdvertisementA $20 million six-bedroom seaside mansion sold in Puerto Rico this month. The 14,000-square-foot home is the most expensive property sold in Puerto Rico this year. A sprawling six-bedroom mansion has become the most expensive property sold in Puerto Rico this year. Blanca Hebe Lopez Pierluisi, boss of Corcoran Puerto Rico, the real estate agency that represented the buyer of the $20 million mansion, told Business Insider via email that Puerto Rico has "seen an incredible boom in real estate during these last five years as well as numerous new development projects that speak to the healthy demand across the island." "This record-breaking sale is a strong indicator that the real estate market in Puerto Rico is thriving and resilient," she added.

Persons: It's, Shou Zi Chew, —, Mainlanders, Blanca Hebe Lopez Pierluisi, Corcoran Organizations: Ritz Carlton Reserve, Puerto Rico —, Reuters, Puerto Locations: Puerto Rico, Dorado, San Juan, Singapore, Puerto, Corcoran Puerto Rico

☆ Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen
▼ + stars: | 2024-11-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Last week, Klarna made a confidential filing to go public in the U.S., ending months of speculation over where the Swedish digital payments firm would list. Still, the development drew buzz from fintech circles with market watchers asking if the move marks the start of a resurgence in big fintech IPOs. For now, that doesn't appear to be the case — however, founders say they'll be watching the IPO market, eyeing pricing and eventually stock performance. Hiroki Takeuchi, CEO of online payments startup GoCardless, said last week that it's not yet time for his company to fire the starting gun on an IPO. However, Zopa's CEO added that he's seeing signs pointing toward a more favorable IPO market in the next couple of years, with the U.S. likely opening up in 2025.

Persons: Hiroki Takeuchi, Zed Jameson, Klarna, they'll, Takeuchi, GoCardless, Lucy Liu, Airwallex, it's, Liu, Jack Zhang, We're, fintech IPOs, Navina Rajan, It's, Rajan, Jaidev Janardana, Janardana, that's Organizations: GoCardless, Bloomberg, Getty, Portugal —, CNBC, Summit, British, U.S Locations: LISBON, Portugal, U.S, Lisbon, Europe

☆ 85% of employees say job stress impacts their mental health. Here's how employers can provide support, especially for women.
▼ + stars: | 2024-11-19 | by ( Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +5 min

A report by Mental Health America found that 85% of workers reported job stress affected their mental health. Impact on productivity and health care expensesStruggling with mental health can lead to diminished quality of life and decreased motivation at work. A study of people with employer-sponsored health coverage found that 27% of the top 10% of health care spenders had behavioral health needs, accounting for 57% of total health care costs. The goal is to make every interaction within the health care system a chance to promote mental health, treating it like routine physical checkups. Enhance access to mental health services through virtual careWith an anticipated shortage of about 245,000 behavioral health professionals by 2025, the need for accessible mental health services is more pressing than ever.

Persons: spenders, UnitedHealthcare, —, onboarding Organizations: Mental Health America, EAP, Insider Studios

☆ Ukraine fires US-made longer-range missiles into Russia for the first time
▼ + stars: | 2024-11-19 | by ( Christian Edwards | Kostyantyn Gak | ) edition.cnn.com time to read: +4 min

CNN —Ukraine has fired US-made ATACMS missiles into Russia’s Bryansk region, Russia’s Defense Ministry said, in a major escalation on the 1,000th day of war. The attack comes just two days after the Biden administration gave Kyiv the green light to use the longer-range American weapons against targets inside Russia. The attack marks the first time Ukraine has used the longer-range American weapons to strike targets deep inside Russia, and show that Kyiv has wasted little time in making use of its newly-granted powers. ET) Tuesday, Ukraine fired six ballistic missiles at a facility in Bryansk, the ministry said. On Sunday, US President Joe Biden authorized Ukraine to use longer-range American missiles inside Russia, ending a months-long prohibition aiming to help Ukraine defend itself while not drastically escalating the conflict.

Persons: Biden, Joe Biden, Matthew Miller, Vladimir Putin, ., Andrew Dickson, , Emmanuel Macron, Putin, Volodymyr Zelensky, Zelensky, ” Organizations: CNN, Russia’s Defense Ministry, US State Department, Army Tactical Missile Systems, Kyiv, Bryansk –, High Mobility Artillery, U.S . Army, Missiles Locations: Ukraine, Bryansk, Russia, Russian, Ukraine’s, pummeling, Russia’s Kursk, Europe, Bryansk – Moscow, Moscow, Queensland, Australia

☆ SpaceX launched Starship for the sixth time but canceled the highly-anticipated 'chopsticks' maneuver minutes after lift-off
▼ + stars: | 2024-11-19 | by ( Morgan Mcfall-Johnsen | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

SpaceX didn't attempt to catch the Super Heavy booster by a pair of "chopsticks" mid-air as planned. SpaceX launched its Starship mega-rocket for the sixth time on Tuesday, but the main event was canceled. In October, SpaceX caught its Super Heavy booster in mid-air. SpaceXElon Musk, SpaceX founder and CEO, has said his plans of building a Mars city rests on Starship. For this test launch, Starship splashed down in the Indian Ocean as expected about an hour and five minutes after launch.

Persons: Elon Musk's, SpaceX Elon, SpaceX SpaceX's, SpaceX's, Donald Trump, Trump, Elon Musk Organizations: SpaceX, Super, Mars, SpaceX Elon Musk, SpaceX SpaceX, Falcon, Star, New York Times, Truth, Great Patriots Locations: Gulf, Mexico, Gulf of Mexico

☆ 3 traits 'ultra-high net worth individuals' look for when hiring, according to a recruiter
▼ + stars: | 2024-11-19 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

In her more than 14 years working at the firm, "I really homed in on a niche of working with private family offices, ultra-high net worth individuals, celebrities, athletes, musicians," she says. She helps them fill all sorts of roles: "chief of staff, personal assistants, estate manager staff," nannies, personal chefs, etc. Though the types of roles they're hiring for vary, Levine says there are three traits that many of her successful clients always look for in an employee. Depending on the person she's recruiting for, they might need help organizing their calendar or they might need help moving their business forward. Whatever the problem, they ultimately want someone "who's going to provide solutions and improve their efficiency throughout the day."

Persons: Emily Levine, Levine, Kardashian, Jenner, Kevin Costner, Maria Shriver Organizations: NBA

☆ I graduated a year early from high school and have no regrets. Now my daughter is doing the same.
▼ + stars: | 2024-11-19 | by ( Joy Nicholas | ) www.businessinsider.com time to read: +4 min

But I don't regret my decision to graduate a year early from high school. It was disappointing to think that the moment I always envisioned marking the end of high school would look very different. But that was overshadowed by the promise of not having to return to high school again. I finished high school at the end of July and started college a week after I turned 17. Five years ago, my daughter Skyler decided to graduate from high school early.

Persons: It's, Diana's, nodded, Joy —, Jill, Julie, Joyce, Skyler, —, You've Locations: California

☆ The late Julian Robertson's Tiger Management is in a legal fight with one of the hedge funds the billionaire seeded
▼ + stars: | 2024-11-19 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

AdvertisementTiger Management and $4 billion hedge fund Hound Partners are in a legal tussle. Tiger, the legendary investment manager founded by the late Julian Robertson, seeded Hound in 2004. Hound saw assets fall from $4.6 billion at the end of 2017 to $1.8 billion at the end of 2022, according to Tiger's suit. "There is no instance of which Tiger is aware where Mr. Auerbach sought a positive reference for his funds that Tiger declined to provide," Tiger's suit states. Auerbach did not work for Robertson's fund but was seeking capital to start his fund in 2004 when he met the billionaire.

Persons: Julian Robertson, Hound, Jonathan Auerbach, Tiger, Gabrielle Wesley, Auerbach, Robertson, Alex Robertson, it's, Julian Robertson's Organizations: Tiger Management, Partners, Hound Partners, Mars, America, Tiger, Tiger Cubs, Viking Locations: New York, Mars Wrigley

☆ Car crashes into people outside primary school in central China: state media
▼ + stars: | 2024-11-19 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Multiple students were injured after a car crashed into people outside a primary school in central China on Tuesday morning, state news agency Xinhua reported. In a brief report, state broadcaster CCTV said “specific casualties were being investigated.”Video circulating on social media and geolocated by CNN showed dozens of panicked school children screaming and running into the schoolyard, with a man’s voice heard yelling “quickly, quickly,” in the background. Images circulating online of the incident were quickly wiped from social media platforms. Days later, eight people were killed and 17 others injured in a stabbing attack on a college campus in eastern China. In October, police arrested a 50-year-old man after a stabbing attack near an elementary school in Beijing injured five people, including three children.

Persons: It’s, “, – Organizations: Hong Kong CNN —, Xinhua, CNN, Police Locations: Hong Kong, China, Hunan province’s Changde, Zhuhai, Beijing, Shanghai, Tai’an, Shandong province

☆ Victims of the 2022 Club Q mass shooting sue Colorado county for not enforcing red flag law against shooter
▼ + stars: | 2024-11-19 | by ( Isaac Yee | ) edition.cnn.com time to read: +4 min

CNN —Victims and family members of those killed in the 2022 mass shooting at the LGBTQIA+ Club Q in Colorado Springs have sued the El Paso County Board of Commissioners and others, alleging authorities could have prevented the shooting if they had enforced the state’s “red flag law” against the gunman. One was filed by the families of the dead victims and five victims themselves – a second was filed by Barrett Hudson, who sustained seven gunshot wounds. “The shooter had a history of violent threats and behavior that clearly warranted intervention,” the suits say. The suits allege that, despite the shooter’s “history of violent threats and behavior that clearly warranted prevention … El Paso County law enforcement failed to invoke the Red Flag Law, in light of policies against its use.”In 2019, a year before the law came into effect, the Board of El Paso County Commissioners approved a resolution to designate the county a so-called Second Amendment Sanctuary. CNN reached out to El Paso County, the El Paso County Sheriff’s Office, Elder and Club Q for comment.

Persons: Barrett Hudson, “, El Paso County Sheriff Bill Elder, “ We’re, Elder, ”, KMGH, Daniel Aston, Raymond Green Vance, Kelly Loving, Ashley Paugh, Derrick Rump, Anderson Lee Aldrich Organizations: CNN, El, Court, Flag Law, of El, El Paso County Sheriff, Club Q, Q, Elder Locations: Colorado Springs, El Paso County, of El Paso County

An unemployed UX designer, Lei had taken it upon herself to create the perfect work bag. Today, Lei is the 28-year-old CEO and founder of Freja, a New York-based company that sells work totes, shoulder purses and travel accessories. A 'really, really slow' startIn February 2019, Lei was a soon-to-be-unemployed graduate student at Cornell University preparing for a job interview in New York. She tried pairing three different work bags with her outfit, and none of them worked. "It was really, really slow for the first two years," says Lei.

Persons: Jenny Lei, She'd, Lei, —, Freja, Louis Vuitton, Dior, Celine, Loewe, Sandy Liang Organizations: CNBC, Cornell University Locations: Hoboken , New Jersey, New York, Bryant, Brooklyn, Guangzhou, China

However, there are consequences for failing to file a tax return that you should be aware of. Why filing taxes is importantLegal obligationsFirst things first: Do you even need to file a tax return? However, you are required to file a tax return if you have $400 or more in net self-employment income. FAQs on what happens if you don't file taxesHow long can I go without filing taxes? If you don't file a tax return and don't owe any taxes, you have up to three years to claim any refund that might be due.

Persons: David Beck, Beck, filers, TurboTax, you'll, It's, it'll, there's, There's, haven't, Morgan, Tanza, Read Organizations: Free, NEC, TurboTax, Budget, Social Security, State, IRS, Levy, Railroad, Board, Military, garnishment, Chevron, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: U.S, Dix Hills, NY, TheStreet

☆ Rocket Lab's CEO practices founder mode like Elon Musk — but he'd rather pan for gold on Earth than live on Mars
▼ + stars: | 2024-11-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementHeadquartered in Long Beach, California, Rocket Lab employs over 2,000 people globally. It's an "end-to-end space company," providing launch services, spacecraft, satellite components, and on-orbit management. Rocket Lab is valued at a fraction of that, with a market cap of around $9.5 billion. He said that's the nature of who he is — and the job of running a rocket company. AdvertisementBeck describes running a rocket company as "running through a maze in the middle of the night."

Persons: Peter Beck, Beck, Elon Musk, you've, Donald Trump, Trump, David, faze Beck, Virgin, Virgin Orbit, Jeff Bezos, Rutherford, Ernest Rutherford, We've, we've, doesn't, Beck doesn't, blissfully Organizations: SpaceX, Rocket, Department of Government, Lab, Rocket Lab, New Zealand Locations: New Zealand, Long Beach , California

And Gaetz himself has been making calls to GOP senators and visiting his own loyalists in the House GOP. The pressure is all building ahead of a planned Wednesday meeting of the House ethics panel, which is expected to discuss the fate of the report. But privately, Republicans on the panel are signaling that they could bury the report as Gaetz and Trump are making direct appeals. In a call last week to GOP Sen. Josh Hawley, Gaetz urged him “to give him a shot,” Hawley told CNN. Meanwhile, nearly 100 House Democrats are calling on the House Ethics Committee to “immediately” release the report.

Persons: Matt Gaetz, J.D, Vance, Donald Trump’s, Gaetz, GOP Sen, Chuck Grassley, we’ve, ” Grassley, “ You’ve, …, Sen, John Kennedy, Pete Hegseth, Elise Stefanik, Doug Collins, Trump, Lindsey Graham, Judiciary —, Josh Hawley, “, ” Hawley, Hawley, Mike Simpson, ” Simpson, ”, Simpson, Kevin McCarthy, “ Matt, Rogers, Gaetz wouldn’t, Tim Burchett, he’s, Glenn Ivey, Ivey Organizations: CNN, GOP, Capitol Hill, Republican, Trump, Louisiana Republican, Fox News, Department of Defense, United Nations, Veterans Affairs, Judiciary, House, Caucus, Missouri Republican, Republicans, Armed, Democrats, Capitol, Florida congressman, ” Democratic, Maryland Locations: Trump, Louisiana, United, Gaetz, Florida

☆ Influencing boomed to a $250B industry — and many small creators feel pushed out
▼ + stars: | 2024-11-19 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

According to a Goldman Sachs estimate, the industry is worth around $250 billion and could grow to $500 billion by 2027. "The market may be expanding, but competition is fierce," Tachat Igityan, the CFO and founder at Destream, a payment platform for content creators, told Business Insider. Advertisement"The algorithm, it gets really frustrating," Tufte told BI. "The $250 billion influencer economy might sound huge, but it doesn't mean all influencers are raking it in," Murray said. She said she thinks this is the way most content creators will go.

Persons: Goldman Sachs, Julia Montgomery, Marisa Kay, Ruby Tufte, Tufte, she's, Dominic Smales, Kim Murray, Murray, Smales, —, influencers Organizations: BI, YouTube, Gleam, GloMotion Studios, Virality, Brands Locations: TikTok

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