Category: Uncategorized

Nasdaq closes at record as traders cheer strong jobs report

US equities rose on Thursday after June’s jobs report trounced estimates and lifted hopes for a swift economic recovery. The tech-heavy Nasdaq Composite index closed at a record high. American businesses added 4.8 million payrolls last month, according to the Bureau of Labor Statistics, handily beating expectations of a 3 million payroll increase. The unemployment…

Gulf of Mexico tourism recovery after Deepwater Horizon oil spill

Beachgoers look on as a crew cleaning oil from the Deepwater Horizon spill walk by on a beach in Gulf Shores, Alabama June 25, 2010. REUTERS/Lee Celano Tourism along the Gulf of Mexico came to a screeching halt in 2010 after the Deepwater Horizon oil spill covered Texas, Lousiana, Alabama, and Florida resort towns’ once-pristine…

Ghislaine Maxwell had 3 passports, millions in the bank when arrested

Ghislaine Maxwell was arrested Thursday in New Hampshire. Photo by Sylvain Gaboury/Patrick McMullan via Getty Images Ghislaine Maxwell, the woman suspected of helping Jeffrey Epstein run a sex-abuse ring, is an “extreme flight risk,” prosecutors said Thursday. Requesting that the heiress and socialite be held without bail, prosecutors noted Maxwell has three passports.They also say she…

Luxury handbags are the best-performing investment asset class

A new report by Art Market Research proves that luxury handbags are the best-performing investment class.The luxury handbag category is currently out-performing classic cars, rare whisky, and even art in terms of investment value.The report also found that women are the main drivers of this category. Visit Business Insider’s homepage for more stories. Anyone who’s bought a…

Trump and Peter Thiel-backed startup team up for virtual border wall

The Silicon Valley military-contracting startup Anduril has been awarded a contract with US Customs and Border Protection to build a virtual “wall” as a means to monitor crossings in the US.The Washington Post first reported that the system would use surveillance towers to detect movement and artificial intelligence to distinguish between humans and animals.A price…

Restaurants face crisis with customers’ mask enforcement

Maria Resendiz was physically attacked by a customer after she asked him to wear a mask, the 19-year-old McDonald’s worker told Business Insider. Resendiz is one of many restaurant workers across the US that have faced harassment and violence from anti-mask customers, as some restaurants are forced to shut down their dining rooms to protect staff. “I…

Tesla outshines other automakers during coronavirus sales plunge

Tesla blew Wall Street expectations out of the water Thursday when it reported more than 90,000 vehicles sold in the second quarter. The figure was only a slight decline compared to slumps as big as 34% by its Detroit peers. Auto sales have recovered faster than some analysts have expected — but it’s not clear how sustainable…

Condé Nast employees reveal ‘racist’ vetting process for videos

YouTube; Samantha Lee/Business Insider This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. Business Insider spoke with 13 current and former employees of Condé Nast Entertainment, the famed publisher’s video-production entity, about the process through which videos are pitched and produced.Sources said this vetting process, which measures the…

American Airlines to close bases, needs to reduce flight attendant staff

ERIC BARADAT/AFP via Getty Images This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. American Airlines has 7,000-8,000 too many flight attendants on its payroll, according to an internal memo seen by Business Insider.As it seeks to realign its operations and network around changing demands during the coronavirus…