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25 mentions found


☆ Trump's crypto allies boast lavish lifestyles amid trail of debts
  + stars: | 2024-09-19 | by ( Katherine Long | ) www.businessinsider.com   time to read: +7 min
Three of Trump's children are employees of World Liberty Financial, including his 18-year-old son Barron, who CoinDesk reported holds the title of "DeFi visionary" at the company. World Liberty Financial's spokesperson, Jim Redner, told BI he has "no information." Both were involved in a project called Dough Finance, whose source code appears remarkably similar to that of World Liberty Financial, Coindesk reported. It's still unclear when World Liberty Financial will begin allowing investors to purchase its tokens. "Attention community: Please be aware of scams and fake tokens," World Liberty Financial posted on Telegram last month.
Persons: —, Donald Trump, Trump, Zachary Folkman, Chase Herro, Crypto, he's, Barron, CoinDesk, Herro, they've, Folkman, Jim Redner, I've, Redner, he'd, JPMorgan Chase, Folkman's, Zack Bauer, AmEx, Coindesk Organizations: Service, Liberty, U.S ., Business, Trump, World Liberty, Facebook, Ritz Carlton, Virgin Islands, Liberty Financial's, JPMorgan, Bloomberg, American Express, Finance, Dough Finance, Liberty Financial Locations: Greenwich Village, Caribbean, Puerto Rico, California , New York, Virgin, Los Angeles, San Diego, California
☆ The Fed has poured rocket fuel on the red-hot AI trade
  + stars: | 2024-09-19 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
AI stocks surged after the Federal Reserve's 50 basis point rate cut. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tech-heavy Nasdaq 100 soared nearly 3% on Thursday, while the underlying AI trade saw even bigger gains. Investors in the stock market's AI trade can thank Fed chairman Jerome Powell for Thursday's risk-on surge in tech, according to Wedbush analyst Dan Ives. AdvertisementIves said that while the AI trade has mainly been focused on Nvidia and Microsoft, other companies are starting to join in on the fun.
Persons: Dan Ives, —, Jerome Powell, Ives Organizations: Federal, Nasdaq, Nvidia, Broadcom, Service, Federal Reserve, Investors, Big Tech, Microsoft, Oracle, Dell, IBM, APple Locations: Asia
☆ These stocks have momentum on their side even if market stumbles
  + stars: | 2024-09-19 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +3 min
With that seasonal volatility in mind, Evercore ISI screened for stocks that may continue to outperform in the current climate. The investment bank combed through the Russell 3000 for stocks that are in the top quintiles for momentum, sentiment and buybacks. One company that made the Evercore ISI screen was mobile tech company AppLovin . Evercore ISI also highlighted Sprouts Farmers Market as a potential outperformer. Evercore ISI upgraded Sprouts to outperform from in line this week.
Persons: Russell, LSEG, BTIG, Benjamin Budish, Robinhood, Michael Montani Organizations: Stock, Federal, UBS, FactSet, Financial, LSEG, Barclays, ISI
☆ I spent over 5 years setting up new iPhones in Apple stores. Here's what launch day is like for employees.
  + stars: | 2024-09-19 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +5 min
In my nearly six years with the company, I worked in almost all of the Apple Store locations in the Dallas-Forth Worth area. Launch day preparations began a week ahead. They wanted to keep launch day special, with first reactions being from actual customers instead of Apple employees. Pretty much everyone was a salesperson on launch day. AdvertisementAnd then there were those who came in after launch day by accident — they were more interested in testing out the phones to see what they were all about.
Persons: —, weren't, We'd, You've, Apple Organizations: Service, Apple, Business, Apple Intelligence Locations: Texas, Dallas, Forth Worth, bro, California
☆ Don't bet on a 'silver tsunami' of boomers selling their houses
  + stars: | 2024-09-19 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +1 min
That contrasts with what some people saw as a "silver tsunami" of boomers giving up their houses. The lack of available homes could exacerbate an affordability crisis even as mortgage rates fall. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrom falling mortgage rates to slipping home prices, things are starting to look a bit more upbeat for younger homebuyers.
Persons: — Organizations: Service, Business
☆ Husband of Russia’s richest woman arrested on murder charge after office shootout
  + stars: | 2024-09-19 | by ( Story Reuters | ) edition.cnn.com   time to read: +2 min
Moscow — Vladislav Bakalchuk, the estranged husband of Russia’s richest woman, was arrested and charged with murder Thursday, his lawyers said, after a deadly shootout at the Moscow office of Russia’s largest online retailer. Two people were killed in a shooting Wednesday just a few blocks away from the Kremlin at the Wildberries office, as a dispute over the company’s future took a violent turn. Tatyana founded Wildberries, Russia’s answer to Amazon, in 2004, growing it from an online clothes reseller into a major marketplace for all kinds of goods. Tatyana Bakalchuk, billionaire and chief executive officer of Wildberries OOO, pictured in her office in Moscow, Russia, on Feb. 16, 2021. Tatyana said Vladislav and his colleagues had tried to seize the office and that there was no meeting scheduled.
Persons: Moscow — Vladislav Bakalchuk, Russia’s, Vladislav, Tatyana Bakalchuk, Wildberries, Russ, Tatyana, Elena Chernyshova, Robert Mirzoyan, Ramzan Kadyrov, Vladimir Putin’s, “ Vladislav Organizations: Kremlin, Russ Group, Bloomberg, Getty Locations: Moscow, Russia, RVB, Wildberries, Soviet Union
☆ Jim Cramer explains why he's not worried about the Fed's aggressive rate cut
  + stars: | 2024-09-19 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
"You need to know that a rate cut is never bad for stocks, as long as it's telegraphed," he said. "A large rate cut, as long as it's communicated to the media with plenty of time in a considered way, is also acceptable." Investors were anticipating interest rate cuts for some time, with most convinced the Federal Reserve would issue a September cut, but unsure whether it would be by 25 or 50 basis points. By Thursday's close, Wall Street seemed more confident about the cut. Cramer added that a double rate cut means even more cash will flow in from the sidelines.
Persons: CNBC's Jim Cramer, Thursday's, Cramer, you'll Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Fed, Big Tech Locations: homebuilding, cyclicals
☆ We're trimming a bank stock on a post-Fed pop and still considering swapping it for another
  + stars: | 2024-09-19 | by ( Jeff Marks | ) www.cnbc.com   time to read: +2 min
The S & P 500 gave up post-Fed gains Wednesday and closed modestly lower. Morgan Stanley should have a decent pop when trading opens because lower interest rates should boost parts of its business , including investment banking. MS YTD mountain Morgan Stanley YTD We thought Morgan Stanley's share price was too low to sell when we held our September Monthly Meeting last week. Based on premarket prices, Morgan Stanley shares were hovering around $101, representing a much better level to take some off. One more factor behind our trim is that the S & P Short Range Oscillator remained in overbought territory after Wednesday's close.
Persons: Morgan Stanley, Jim Cramer's, Stocks, Morgan Stanley's, Goldman Sachs, Morgan Stanley YTD, We'll, Jim Cramer, Jim Organizations: Federal Reserve, CNBC
☆ Huawei's new trifold smartphone is being released tomorrow, and it's already creating a frenzy on resale sites
  + stars: | 2024-09-19 | by ( Lian Kit Wee | ) www.businessinsider.com   time to read: +1 min
Huawei's new smartphone is being listed on resale sites for three times its retail price. The Mate XT will feature a tri-fold design and have generative AI features. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Huawei's new trifold smartphone, the Mate XT, is set to hit stores on Friday.
Persons: —, it's, Lin Shen Organizations: Service, Huawei, South China Morning, Business
☆ Overworked junior bankers at JPMorgan are getting someone to check on their well-being
  + stars: | 2024-09-19 | by ( Nora Redmond | ) www.businessinsider.com   time to read: +1 min
JPMorgan has created a new role to oversee the well-being of junior bankers and analysts. JPMorgan capped junior bankers' hours at 80 a week earlier this month. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan Chase has created a new global role to oversee junior bankers and analysts and prevent overwork.
Persons: Wall, —, JPMorgan Chase, Ryland McClendon, McClendon Organizations: JPMorgan, Service, Reuters, Business
☆ Trump Media stock drops as lockup expiration set to give the former president clearance to sell shares
  + stars: | 2024-09-19 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +2 min
Shares dropped as much as 4% as a lockup period was set to expire. Following the lockup, Trump can dump his shares, though he's said he wouldn't sell. AdvertisementTrump Media & Technology Group shares dropped to their lowest level since the company went public earlier this year as a lockup period preventing insider selling was set to expire. The company went public in March, with shares spiking to all-time highs above $70 shortly after, before steadily declining in the following months. AdvertisementOnce the lockup period is over, the Republican presidential candidate has the all-clear to start selling his stock.
Persons: Trump, he's, — Organizations: Trump Media, Service, Trump Media & Technology Group, CNBC, Republican
☆ Melinda French Gates says CEOs who cut sleep to maximize productivity are 'so dumb': 'Some of us didn't want to be around them'
  + stars: | 2024-09-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com   time to read: +2 min
Melinda French Gates believes it's "so dumb" to try and maximize productivity by getting only a few hours of sleep. French Gates said, referencing CEOs and tech entrepreneurs who promote, in her eyes, a form of performative sleep deprivation. He's since changed his tune, and now aims for at least six hours of sleep per night, he told CNBC last year. Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates — French Gates' ex-husband — have shared similar stories. Now, he aims for a minimum of seven hours of sleep each night, he said.
Persons: Melinda French Gates, she's, Gates, who've, Indra Nooyi, Donald Trump, Marissa Meyer, Elon Musk, Tesla, I've, Musk, Jeff Bezos, Bill Gates, —, Bezos Organizations: PepsiCo, Former U.S, CNBC, Microsoft Locations: Former
☆ 'Glossing' at work is a form of toxic positivity, and it may be holding you back
  + stars: | 2024-09-19 | by ( Lindsay Dodgson | ) www.businessinsider.com   time to read: +6 min
Read previewIf you have a tendency to say "everything's fine" at work and brush things under the rug, you might be "glossing." Glossing is a form of toxic positivity — in which people suppress and deny their negative emotions — and it could be holding you back. AdvertisementIt's not rocket scienceRinne said some signs of a glossing workforce are people not talking about tough issues at all or talking only behind their manager's back. If that's happening, leaders need to do some self-reflection, Rinne said, and ask themselves if they've been glossing. "You get more when people feel safe and feel engaged than if they're punching that clock and glossing for hours," Rinne said.
Persons: —, Leena Rinne, Rinne, don't, they've, it's, There's Organizations: Service, Business, People
☆ The US Navy is planning for possible war by 2027, when China expects it will be ready to invade Taiwan, US admiral says
  + stars: | 2024-09-19 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +5 min
Related storiesFranchetti referenced that assessment again in her speech, saying that it's "what Chairman Xi told his forces, that they should be ready for war by 2027." Fears of a US-China war have further been stoked by Beijing turning more hostile in its territorial disputes with Japan and US allies in the South China Sea. "By 2027, the Navy will be more ready for sustained combat," she said. The admiral aims to have 80% of US naval forces ready to deploy and fight anytime. "We have learned a great deal about the future of war at sea," Franchetti said.
Persons: —, Lisa Franchetti, Franchetti, Xi Jinping, Xi, Joe Biden, It's, Yemen's Houthi, we've Organizations: Service, US Navy, Business, Naval War College, Democratic Progressive Party, Navy, Star, Pacific Fleet, Russia, Associated Press, 6th, Joint Chiefs, Staff Locations: China, Beijing, Taiwan, Rhode Island, People's Republic of China, Japan, South China, Russia, Iran, Republic of China, Washington, Ukraine
☆ Kind Snacks founder Daniel Lubetzky: Here's the No. 1 type of valuable employee that most CEOs overlook
  + stars: | 2024-09-19 | by ( Ashton Jackson | ) www.cnbc.com   time to read: +3 min
In his experience, his best employees have different qualities and skills than he does, says the billionaire founder of Kind Snacks. "You want to be careful not to hire the same person you are," Lubetzky, 56, tells CNBC Make It. Humans are more inclined to collaborate with, befriend and even form romantic relationships with people who have similar interests, education, skills and values. Lubetzky learned the value of working with people who have opposing viewpoints at his first company, PeaceWorks, he says. There is one quality that bosses and employees should always share, Lubetzky says: values.
Persons: Daniel Lubetzky isn't, that's, Lubetzky —, Mark Cuban's, —, Lubetzky, everyone's Organizations: CNBC Locations: Qualtrics
☆ News organizations petition Nevada Supreme Court to open up secret Murdoch succession case
  + stars: | 2024-09-19 | by ( Hadas Gold | ) edition.cnn.com   time to read: +3 min
New York CNN —A group of news organizations filed an emergency petition Thursday, asking Nevada’s highest court to unseal the ongoing family succession battle playing out in a Reno courtroom that will determine the future of Rupert Murdoch’s vast media empire. But his three other eldest children, who have more moderate views, are fighting the change. The Murdoch case was only revealed after The New York Times published a report revealing its existence in July. “The public has immense interest in which of Murdoch’s children will succeed him,” the news outlets said in their petition. In its petition to the high court, the news outlets argued that selective redactions can be made to protect truly private information.
Persons: Nevada’s, Rupert Murdoch’s, Murdoch, Lachlan –, –, Rupert, “ Organizations: New, New York CNN, Fox, The New York Times, CNN, Washington Post, Nevada Supreme, Fox News, Street Journal Locations: New York, Reno, Washoe, Nevada, American
☆ JetBlue to open airport lounges in New York and Boston in battle for big spenders
  + stars: | 2024-09-19 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +2 min
In this article JBLU Follow your favorite stocks CREATE FREE ACCOUNTJetBlue planes at JFK's Terminal 5 in New York. Leslie Josephs | CNBCJetBlue Airways will open its first airport lounges in its more than two decades of flying, a major shift for the low-cost airline as it chases high-spending travelers. The lounges will open at the carrier's hubs in New York late next year followed by Boston, JetBlue said Thursday. She said JetBlue doesn't want to disappoint customers if they aren't able to get into the lounges because they are too crowded. The highest-tier of JetBlue's loyalty program and holders of the new premium card will get free access to the lounge for one guest.
Persons: Leslie Josephs, John F, Jayne O'Brien, JetBlue's Organizations: JetBlue, CNBC JetBlue Airways, Barclays, Delta Air Lines, United Airlines, American Airlines, JetBlue's Mint, Kennedy International, Boston Logan International, Airbus, CNBC Locations: New York, Boston
☆ My family of 4 ate dinner at Hooters for the first time. Our $93 meal was a surprisingly good value.
  + stars: | 2024-09-19 | by ( Terri Peters | ) www.businessinsider.com   time to read: +1 min
I take my family to chain restaurants in search of good value. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . At the same time, rising fast-food prices seem to only be making sit-down chains look like a way better value. Although I was never a big fan of sit-down restaurant chains, I recently began taking my family of four out to eat at them more often in search of good food and great value.
Persons: — Organizations: Hooters, Service, Business
☆ Colin Farrell says that taking off his makeup for 'The Penguin' was an 'utter relief' every single night
  + stars: | 2024-09-19 | by ( Palmer Haasch | ) www.businessinsider.com   time to read: +1 min
Colin Farrell looks completely different in "The Penguin" — and that's putting it lightly. Farrell told BI that it was an "utter relief" to remove the character's makeup each night. "Utter relief, utter relief," Farrell told Business Insider when asked how it felt to shed the Penguin after a day of shooting. "The Penguin," helmed by showrunner Lauren LeFranc, focuses specifically on his character Osgood "The Penguin" Cobb in the film's aftermath. This story is available exclusively to Business Insider subscribers.
Persons: Colin Farrell, Farrell, —, Oz Cobb, Matt Reeves, Robert Pattinson, Lauren LeFranc, Osgood, Cobb Organizations: Service, Business
☆ The 10 unhappiest states in the US, ranked
  + stars: | 2024-09-19 | by ( Mykenna Maniece | ) www.businessinsider.com   time to read: +1 min
The study compared the 50 states using categories like emotional and physical well-being. Louisiana was ranked the unhappiest state in the country. Go to newsletter preferences Thanks for signing up! AdvertisementWhile it's hard to articulate exactly what happiness means to everyone, one of WalletHub's most recent studies aimed to do just that: measure and compare the population's happiness across states. The personal-finance outlet compared the 50 states using three categories: emotional and physical well-being, work environment, and community and environment.
Persons: WalletHub, — Organizations: Service, Business Locations: Louisiana
☆ Fall is the best time to visit Disney World. As a former employee, here are 9 of my favorite things to do in the parks.
  + stars: | 2024-09-19 | by ( Kayleigh Price | ) www.businessinsider.com   time to read: +1 min
I worked in several locations across Disney World, and fall is my favorite time to visit the parks. Go to newsletter preferences Thanks for signing up! You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementI had the pleasure of working at Disney World, and fall is my absolute favorite time of year to be in the parks. After years of working in and visiting the parks, I've compiled a list of some of the best things to do, see, and eat at Disney World in the fall.
Persons: —, I've Organizations: Disney, Magic, Epcot, Service Locations: Florida
☆ I took a 13-hour flight to New Zealand from LA. Here are 8 mistakes I made.
  + stars: | 2024-09-19 | by ( Monica Humphries | ) www.businessinsider.com   time to read: +1 min
Two summers ago, I spent 13 hours on a plane flying from Los Angeles to Auckland, New Zealand. Go to newsletter preferences Thanks for signing up! AdvertisementNew Zealand is known for its incredibly stunning scenery — and an incredibly long flight if you live in the US like me. I boarded a flight in Denver heading to Los Angeles and arrived at my final destination — Auckland, New Zealand — two days later. Between time-zone changes, a 13-hour flight, a 2.5-hour flight, and layovers, I spent nearly 24 consecutive hours in airports, airport lounges, and airplanes.
Persons: — Organizations: Service, New Zealand —, Business Locations: Los Angeles, Auckland , New Zealand, Zealand, Denver, Auckland, New Zealand
☆ I pay for Costco's $120 executive membership even though I only shop for 2. Here are my favorite things to get from the frozen section.
  + stars: | 2024-09-19 | by ( Dominic Bucca | ) www.businessinsider.com   time to read: +1 min
When it comes to frozen foods, I'm a big fan of the Kirkland Signature cod loins and salmon filets. I love pairing the store-brand blend of frozen berries with Kirkland Signature vanilla ice cream. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Though I don't have a large family to feed, I pay for the store's executive membership, which has a 2% reward of up to $1,250 on qualified purchases.
Persons: — Organizations: Costco, Kirkland, Service, Business Locations: Kirkland
☆ 8 Midwest chains we wish were available nationwide
  + stars: | 2024-09-19 | by ( Zoë Miller | ) www.businessinsider.com   time to read: +1 min
Some of the most beloved fast-food chains in the US are based in the Midwest. The Midwest is also home to a few non-burger chains like Graeter's Ice Cream and Runza. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Here are some fast-food chains from the Midwest that we wish were available across the country. Note: Some of these chains have a few locations outside the Midwest, but since they're based in the Midwest and primarily serve that region of the US, they're included on this list.
Persons: —, it's, they're Organizations: Service Locations: ButterBurgers, Midwest
☆ Instagram has become a hot dating app in the era of swipe fatigue
  + stars: | 2024-09-19 | by ( Sydney Bradley | ) www.businessinsider.com   time to read: +1 min
Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In fact, a former Instagram staffer recently told me that the stories feature has pretty much become a dating product. And a former Bumble staffer told me that Instagram was often viewed as a competitor internally. This story is available exclusively to Business Insider subscribers.
Persons: Serena Kerrigan, —, Instagram Organizations: Service, Business
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