Author: arthursheikin@gmail.com

[ad_1] Jeff Bezos’ superyacht, Koru, has attracted the interest of yachting industry insiders and celebrity watchers alike since it first set sail in 2023.The boat has hosted several events for the Amazon founder and his wife, Lauren Sánchez, including a foam party for Sánchez’s son Evan Whitesell’s birthday ahead of their June 2025 wedding in Venice, Italy.Named after the Māori word for “loop” or “coil,” the 417-foot-long vessel is one of the world’s largest sailing yachts and cost Bezos an estimated $500 million. (Still, at that price tag, it likely would not have made a sizable dent in Bezos’ net…

[ad_1] This as-told-to essay is based on a conversation with Trae Cervantes, who worked as an engineering technician at Tesla until March 2025. It has been edited for length and clarity.I started at Tesla’s Gigafactory in Nevada as a production associate in 2018, and I worked my way into a role as an engineering technician. I held at least four different positions during my time at Tesla.I was drawn to Tesla because I needed a way to improve my situation. Leading up to Tesla, I wasn’t doing super well. I’d gone through a divorce, I got arrested for drinking and…

[ad_1] Economists at Morgan Stanley think investors are about to be disappointed in the outcomes of the next two Federal Reserve meetings. The bank said in a note on Friday that, despite a recent push from President Donald Trump and recent dovish talk from central bankers, the July and September FOMC meetings will result in no change to borrowing costs. The Fed’s cautious approach this year has sparked backlash from President Trump, who has said he believes interest rates need to be cut “by at least 2-3 points.”But since the last meeting, other top Fed officials have come out in…

[ad_1] In December, Rep. Thomas Massie used an analogy for foreign aid that was an instant hit among his libertarian and America-First Republican fans.”US foreign aid spending is like watering the neighbor’s yard while your house is on fire,” the Kentucky Republican posted on X, adding a fire emoji. Fox News wrote an article about it, and two months later, the libertarian student group “Young Americans for Liberty” turned it into an Instagram post.As it turns out, Massie didn’t come up with the line himself. Grok did.Massie told BI this month that he ripped the phrase from a speech he…

[ad_1] CNN  —  A notorious cybercriminal group has shifted its attention to the aviation industry, successfully breaching the computer networks of multiple airlines in the United States and Canada this month, according to the FBI and private experts responding to the hacks. The hacking hasn’t affected airline safety, but it has top cyber executives at major airlines across the United States on alert because of the hacking suspects: A network of young cybercriminals called “Scattered Spider” who are known for their aggressive efforts to extort or embarrass their victims. It’s a fresh headache for the travel industry as the busy…

[ad_1] Whomever replaces Anna Wintour in running day-to-day operations at American Vogue will have some enormous stilettos to fill.That’s partly because Wintour, who’s 75, has been at the job for nearly four decades and is a legend in the business. It’s also because whoever comes next will report to her.Wintour, who became Vogue’s editor in chief in 1988, is giving up that role. However, she’ll remain global editorial director at the magazine and chief content officer for its parent company, Condé Nast, the company said Thursday.Taking on a senior role, similar to the one Wintour vacated at Vogue, is often…

[ad_1] 2025-06-28T09:24:01Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. The NAHB asked 3,000 recent and prospective buyers what they want most in newly built homes. Newly built homes may be shrinking, but buyers aren’t sacrificing comfort and quality. Buyers said that a great outdoor living space and smart technology are must-haves. Americans buying newly built homes are working with a…

[ad_1] Brita Filter, 39, is a household name in drag entertainment. Her popularity went mainstream when she appeared on season 12 of “RuPaul’s Drag Race,” and she’s made appearances on “Saturday Night Live,” “Broad City,” and “The Daily Show with Trevor Noah.”I first heard of Brita in 2023 when my then-employer, PayPal, was trying to book her for a Pride happy hour near our NYC office. But Google had already booked her for the same coveted time slot: post-work drinks the Thursday before New York City Pride — what Brita says was usually her busiest time of year.This year, she…

[ad_1] I’ve been working with high-income professionals for over a decade, as a certified public accountant and certified financial planner. During my time working with wealthy clients, one thing has become clear: they don’t achieve success alone.Behind every wealthy client is a trusted team — experts they rely on to make sound decisions and stay ahead. As the saying goes, “If you want to go fast, go alone. If you want to go far, go together.”In my experience, all of my wealthy clients have five key relationships.1. Trusted financial advisorAs wealth grows, so does financial complexity. That’s why it is…

[ad_1] The US economy is facing some serious headwinds.A weaker labor market, a slower baseline rate of economic activity at the start of 2025, and a pull-back from the mighty American consumer could all portend a bigger slowdown later this year.There hasn’t been a recession since the two-month pandemic downturn in 2020. The National Bureau of Economic Research makes the official call, saying its “definition emphasizes that a recession involves a significant decline in economic activity that is spread across the economy and lasts more than a few months.”Below are three signs that the economy isn’t as strong as it…