News

Morgan Stanley says Amazon’s red hot online ads business will get clipped this quarter because of COVID-19 — it’s one of 3 big factors cutting into Amazon’s profitability (AMZN)

Amazon’s ad business is expected to grow at a much slower pace than previous quarters because of slowing demand amid COVID-19, according to estimates by Morgan Stanley. Amazon’s additional hiring in warehouse and delivery services, and the inefficiencies caused by the new workers are expected to add more costs this year, Morgan Stanley estimates. But […]

News

An $11 million yacht formerly owned by Rupert Murdoch is being sold by Italy’s most controversial Prime Minister — see inside ‘Morning Glory’

A 158-foot sailing superyacht owned by Silvio Berlusconi — the highly controversial former Prime Minister of Italy — is for sale for $11 million. The yacht is called Morning Glory, and was originally commissioned and owned by Rupert Murdoch, the media mogul who built the Fox empire. Morning Glory has room for eight passengers and […]

Culture

A Timeline of Florence Pugh and Zach Braff’s Relationship: From Just Friends to Defending Their Love

Florence Pugh‘s relationship with Zach Braff appears stronger than ever. The Little Women star, 24, recently came to the actor’s, 45, defense on Instagram after the couple received criticism for their 21 year age difference. Pugh and Braff have kept their relationship low-key, never speaking about each other in interviews and rarely making an appearance […]

News

Read the email a financial planner sent clients breaking down 3 ways self-employed people can get help from the government right now

Certified Financial Planner (and Business Insider contributor) Natalie Taylor sent a note out to her clients this week outlining three programs introduced by the federal government to support self-employed people affected by the coronavirus pandemic. She noted that unemployment benefits have been extended to freelancers, a benefit not typically available to the self-employed. She also […]

News

A GOP senator just proposed a Denmark-style recovery plan where the government pays up to 80% of workers’ wages during the coronavirus pandemic

GOP senator Josh Hawley wants the government to cover up to 80% of peoples’ paychecks in a Denmark-style recovery plan during the coronavirus pandemic. The senator said he wants Congress to “protect every single job” in the US since the federal government shut down the economy. Several European countries like Denmark, the Netherlands and the […]

News

Bernie Sanders built a legion of meme-making, TikTok-loving online fans. Now they’re pivoting to new socialist goals.

During his two presidential campaigns, Senator Bernie Sanders amassed a huge, meme-driven online following that rivals only Trump’s as a national candidate, especially on platforms like Reddit and TikTok. The Sanders fandom, comprised largely of younger eligible voters and online socialism enthusiasts, is still there – but without a viable presidential candidate to rally behind, […]

News

Airbnb’s losses swelled to $674 million last year, even before the coronavirus crisis crushed its business

Airbnb lost $674 million last year, which was hundreds of millions of dollars more than it lost in 2018, The Wall Street Journal reported. The online travel company’s revenue jumped 32% year-over-year, but its costs rose even faster, climbing to $5.3 billion. The deterioration in Airbnb’s bottom line came in advance of the coronavirus, which […]