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Sunday, January 19, 2020

Business News, Updates

Business News, Updates


JFK's grandson called a Pence op-ed on impeachment a 'perversion of JFK's legacy'

Posted: 19 Jan 2020 10:17 AM PST

mike pencePAUL FAITH/AFP/Getty Images

  • In a Wall Street Journal op-ed, Vice President Mike Pence referenced former President John F. Kennedy's praise of party-breaking lawmakers to urge Senate Democrats to oppose the impeachment proceedings facing President Donald Trump.
  • Kennedy's grandson Jack Schlossberg hit back on Twitter, calling the comments a "total perversion of JFK's legacy and the meaning of courage."
  • Instead of abiding by Kennedy's intended point of praising lawmakers who broke from their parties to stand for their "conscience," Schlossberg wrote that by defending the president on the basis of party, "Pence and Congressional Republicans have also failed the test of courage."
  • Pence's op-ed came days before Trump's legal team issued its first formal response to the articles of impeachment, in which it called a "dangerous attack on the right of the American people to freely choose their President."
  • Visit Business Insider's home page for more stories.

President John F. Kennedy's grandson Jack Schlossberg rejected Vice President Mike Pence's comments in a Wall Street Journal op-ed as a "total perversion of JFK's legacy and the meaning of courage."

In the Thursday piece, Pence referenced the former president's praise of party-breaking lawmakers to urge Senate Democrats to oppose the impeachment proceedings facing President Donald Trump.

See the rest of the story at Business Insider

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SEE ALSO: Trump reportedly picked his impeachment defense team based on how well he thinks they can perform on TV

DON'T MISS: The White House called the Democrats' impeachment case against Trump a 'dangerous attack' in its first formal response

FREE SLIDE DECK: The Future of Fintech

Posted: 19 Jan 2020 10:01 AM PST

Digital disruption is affecting every aspect of the fintech industry. Over the past five years, fintech has established itself as a fundamental part of the global financial services ecosystem.

Fintech startups have raised, and continue to raise, billions of dollars annually. At the same time, incumbent financial institutions are getting in on the act, and using fintech to remain competitive in a rapidly evolving financial services landscape. So what's next?

Business Insider Intelligence, Business Insider's premium research service, has the answer in our brand new exclusive slide deck The Future of Fintech. In this deck, we explore what's next for fintech, how it will reach new heights, and the developments that will help it get there.

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Republicans ramp up calls for Hunter Biden to testify in impeachment trial

Posted: 19 Jan 2020 09:33 AM PST

Ted CruzAndrew Harnik/AP

  • In a Fox News interview Sunday morning, Ted Cruz said Democrats were "terrified" of hearing testimony from Hunter Biden.
  • Whether witnesses appear in the Senate trial has been a point of tension among Democrats and Republicans following last month's House vote to impeach President Trump, though some Republicans have said they want witnesses to appear.
  • Cruz has called for a rule of reciprocity if witnesses are allowed, meaning the defense could call a witness for every witness called by the prosecution. 
  • Four Senate Republicans need to join Democrats in order to allow witnesses in the impeachment trial. 
  • Visit Business Insider's homepage for more stories.

Sen. Ted Cruz, a Republican from Texas, said Sunday that Democrats were "terrified" of hearing testimony from Hunter Biden, the son of former Vice President Joe Biden, as part of President Donald Trump's impending impeachment trial in the Senate. 

Cruz made the comments on an appearance on Fox News' Mario Bartiromo "Sunday Morning Futures," The Hill reported. The 2016 Republican presidential candidate told Bartiromo that rules of reciprocity should apply in the impeachment trial, meaning if the prosecution gets to call a new witness, the defense should get to call one, too. 

See the rest of the story at Business Insider

NOW WATCH: Extremists turned a frog meme into a hate symbol, but Hong Kong protesters revived it as an emblem of hope

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THE EVOLUTION OF THE US NEOBANK MARKET: Why the US digital-only banking space may finally be poised for the spotlight (GS, JPM)

Posted: 19 Jan 2020 09:32 AM PST

NeoBank Infographics 3x4Business Insider Intelligence

What is a neobank? Total Funding for Major European and US NeobanksBusiness Insider Intelligence

Neobanks, digital-only banks that aren't saddled by traditional banking technology and costly networks of physical branches, have been working to redefine retail banking in major markets around the world.

Top neobanks in the US & EU

The top neobanks in the US and EU include:

See the rest of the story at Business Insider

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SEE ALSO: Latest fintech industry trends, technologies and research from our ecosystem report

SpaceX and NASA just blew up a Falcon 9 rocket on purpose, and it has something to do with Apollo 1

Posted: 19 Jan 2020 09:31 AM PST

  • SpaceX and NASA on Sunday purposefully blew up a Falcon 9 rocket.
  • The "in-flight abort" test was meant to assess the Crew Dragon escape system.
  • The Crew Dragon is the spacecraft designed to take human passengers to space. 

 

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Disneyland's newest 'Star Wars' ride is jaw-droppingly impressive and even the line to get on it is a blast

Posted: 19 Jan 2020 09:29 AM PST

Disneyland Star Wars Rise of the Resistance ride Kim Kim Renfro/Insider

  • The new "Star Wars" Rise of the Resistance theme park ride opens in California's Disneyland on Friday, January 17.
  • Insider previewed the ride, and it's an impressive show of Disney innovation.
  • The ride takes you (a Resistance recruit) on a transport ship and into a First Order Star Destroyer.
  • It's a massive ride, and will leave you in awe of how realistic and immersive the experience is.
  • Visit Insider's homepage for more stories.

Disney's Galaxy's Edge park area in California is finally opening its second "Star Wars" ride, Rise of the Resistance, on Friday January 17. Insider got a special preview of the ride experience on Thursday, and we were left in awe.

The story of the ride takes place right around the same fictional time in the "Star Wars" galaxy between "The Force Awakens" and "The Rise of Skywalker." Parkgoers are treated like Resistance recruits, and the ride itself is designed as if the new rebels (you) were boarding a transport to the Resistance base but the ship accidentally gets caught by the First Order.

See the rest of the story at Business Insider

NOW WATCH: Behind the scenes with Shepard Smith — the Fox News star who just announced his resignation from the network

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3 things I wish I knew before boarding a cross-Canada train for 4 days

Posted: 19 Jan 2020 09:29 AM PST

Via rail the canadianRachel Askinasi/Insider

The Canadian's Great Western Way route is the longest single train ride in North America. The route spans nearly 2,800 miles and crosses through five of Canada's provinces. The entire trip is scheduled to take four days and four nights. 

After I booked my cabin onboard VIA Rail, I watched videos and read blog posts about people who had made the journey before me. But like any new travel experience, there were quite a few surprises and obstacles that surfaced once I got there. 

See the rest of the story at Business Insider

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Iran says it will examine the plane it shot down domestically — but a national air safety director admitted that the agency hasn't been able to open black boxes previously

Posted: 19 Jan 2020 09:17 AM PST

General view of the debris of the Ukraine International Airlines, flight PS752, Boeing 737-800 plane that crashed after take-off from Iran's Imam Khomeini airport, on the outskirts of Tehran, Iran January 8, 2020 is seen in this screen grab obtained from a social media video via REUTERS       Reuters

  • An accident investigation director for the Iranian government told state media on Jan. 19 that the downed plane's black boxes will be examined domestically.
  • That refutes a statement he made to state media the previous day — that Iran was unable to investigate the black box alone and that Iran would send the black box to Ukraine, where investigators from France, Canada, and the US would assist in the inspection. 
  • On Jan. 8, two missiles brought down Ukrainian Airlines Flight 752. All 176 passengers and crew on-board died, including 82 Iranians and 63 Canadians. 
  • Visit Business Insider's homepage for more stories.

Iran is flip-flopping on which country will investigate why Ukrainian Airlines Flight 752 crahsed on Jan. 8, killing all 176 people on-board.

On Jan. 18, a director in charge of accident investigations for Iran's Civil Aviation Organization told an Iranian media organization that he would send the plane's flight data recorder to Ukraine. The director said his agency had not been able to open or read the device, Reuters reported.

See the rest of the story at Business Insider

NOW WATCH: Here's why in-flight WiFi is so slow and expensive

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Get the latest news, data, highlights, and analysis from the Business Insider Intelligence research team - FREE

Posted: 19 Jan 2020 09:05 AM PST

How Meghan Markle and Prince Harry could earn enough money to become 'financially independent' of the crown — and why it likely won't include a return to the screen

Posted: 19 Jan 2020 09:00 AM PST

prince harry meghan markle Duke duchess of SussexDANIEL LEAL-OLIVAS - WPA Pool/Getty Images

  • On Saturday, Buckingham Palace announced that Meghan Markle and Prince Harry will step back completely from their royal duties starting in the spring.
  • Once Meghan and Harry are no longer working members of the royal family, they'll stop receiving public funding, they'll forgo their HRH titles, and they'll be able to earn their own money.
  • The Duke and Duchess of Sussex could take on jobs similar to those of former presidents — writing books and giving speeches — in their quest to become "financially independent," one royal commentator told Business Insider.
  • Although former actress Meghan Markle's return to the screen is unlikely, it wouldn't be unprecedented.
  • Even if the young family forgoes their allowance from the Sovereign Grant, British taxpayers will likely continue to foot their potentially £100,000 annual security bill, a former royal protection officer told Business Insider.
  • Meghan and Harry might not even need to work to become financially independent. They already have a combined net worth of $30 million and many of their most lavish experiences have been financed by their famous friends.
  • Visit Business Insider's homepage for more stories.

Meghan Markle and Prince Harry came to an agreement with the Queen to completely step back from their royal duties starting in the spring, which means they'll no longer use their HRH titles or receive public funding.

Once Meghan and Harry are no longer working members of the royal family, they will stop receiving money from the sovereign fund, according to a statement from Buckingham Palace.

See the rest of the story at Business Insider

NOW WATCH: Every moment you need to see from Meghan Markle and Prince Harry's royal wedding

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SEE ALSO: Fans are begging for Meghan Markle to land acting roles on 'The Crown,' 'Succession' and more after leaving the royal family with Prince Harry

DON'T MISS: Here's how much money Meghan Markle and Prince Harry could need to maintain their lavish lifestyle if they plan on becoming 'financially independent'

The most effective strategy to figure out how much home I could afford started by breaking my expenses into 2 parts

Posted: 19 Jan 2020 08:57 AM PST

couple at open houseShutterstock

  • Last year, my husband and I decided to look into buying a new house. We loved our first home, but it was lacking some of the spaces we needed (like an office for me).
  • Instead of looking at listings, though, we started by splitting our expenses into two columns: expenses that would likely change if we bought a house, and expenses that would remain the same.
  • From there, we figured out how much wiggle room we had, set a budget for a new home, and started looking. Our two-part budget strategy would work for almost anyone shopping for a house.
  • Read more personal finance coverage.

In the spring of 2019, my husband and I began considering whether or not it would be a good idea to buy a new home. We loved the house we were living in, but there were a few specific things on our bucket list that it could never provide (like an office for this work-from-home writer, for example). 

Still, before jumping into the process of putting our beloved first-ever house on the market and searching for a new one, we decided to price out some renovations that might make staying in our current home doable for a while longer. 

See the rest of the story at Business Insider

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17 more cases of a mysterious and deadly virus have been detected in China

Posted: 19 Jan 2020 08:50 AM PST

china virusNOEL CELIS/AFP via Getty Images

  • Authorities in Wuhan, central China, have identified 17 more patients of a deadly new strain of pneumonia, according to Reuters. 
  • Official totals now count 62 patients who have been infected with 2019-nCov, and two who have died. 
  • Some doubt has been cast on the official totals however, as the World Health Organization told Reuters that more cases could be detected as Chinese health authorities ramp up screenings. 
  • Visit Business Insider's home page for more stories.

Seventeen more people in China have been struck with a deadly virus, according to Reuters.

The central China city of Wuhan's health commission told the outlet that the total number of known patients in the outbreak of the new, viral strain of pneumonia is now counted at 62.

See the rest of the story at Business Insider

NOW WATCH: Most maps of Louisiana aren't entirely right. Here's what the state really looks like.

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SEE ALSO: A mysterious and deadly virus from China could have infected 35 times more people than official totals, scientists warn

Here's what Delta's incredible year reveals about the US airline industry (DAL)

Posted: 19 Jan 2020 08:49 AM PST

Delta Airbus A220 Dallas reviewBenjamin Zhang/Business Insider

  • 2019 was the best year in Delta's history, with a record-breaking showing in terms of financial and operational performance.
  • Customer and loyalty program growth, coupled with premium revenue growth also represents a positive signal for future performance.
  • Delta's near-perfect year offers several insights that can apply to the entire US airline industry.
  • Visit Business Insider's homepage for more stories.

Last year was a good one for Delta.

The company, which last week released its earnings figures for the fourth quarter of 2019, achieved record financial results, beat expectations, and passed its competitors to become the world's largest airline.

See the rest of the story at Business Insider

NOW WATCH: Why Tesla's Model 3 received top crash-test safety ratings

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SEE ALSO: I flew Delta's reviled 767 business class seat from Europe to New York. Here's what it was actually like.

3 times a prenup is non-negotiable, according to a financial planner

Posted: 19 Jan 2020 08:45 AM PST

Ylisa Sanford  cfpCourtesy of Ameriprise Financial Group

Getting a prenuptial agreement isn't often the first thing on many couples' minds after they decide to tie the knot. But, in some scenarios, it can be an essential.  

Ylisa Sanford, an Ameriprise private wealth adviser and financial planner, says there are a few reasons couples need one. 

See the rest of the story at Business Insider

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SpaceX just launched and intentionally exploded a rocket for NASA in a vital safety test of its Crew Dragon spaceship

Posted: 19 Jan 2020 08:31 AM PST

falcon 9 rocket explosion fireball crew dragon spaceship in flight abort test launch january 19 2020 spacex nasaSpaceX

  • SpaceX just completed a crucial safety test that's designed to show its Crew Dragon capsule is ready to carry astronauts to space.
  • The company's Falcon 9 rocket lifted off at 10:30 a.m. ET, but mission controllers intentionally shut off its engines about 84 seconds into the flight.
  • At that moment, the Crew Dragon spaceship detached and sped away with its own rocket engines. Seconds later the tumbling rocket exploded under the strain of aerodynamic forces.
  • About 9 minutes into the mission, the Crew Dragon space capsule splashed down into the Atlantic Ocean, where recovery crews are now working to recover the ship.
  • Visit Business Insider's homepage for more stories.

SpaceX, the aerospace company founded by Elon Musk, has just completed a vital safety test of its new spaceship for NASA astronauts with flying colors — and a gigantic explosion.

Knowing that a dramatic fireball would result, SpaceX launched one of its Falcon 9 rockets at 10:30 a.m. ET on Sunday from Kennedy Space Center in Cape Canaveral, Florida. On top of the rocket was Crew Dragon: the company's new spaceship designed for NASA astronauts.

See the rest of the story at Business Insider

NOW WATCH: Why Elon Musk and Jeff Bezos are in an epic feud that's lasted years

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SEE ALSO: NASA picked 9 astronauts to fly SpaceX and Boeing's spaceships for the first time. Here's who they are.

DON'T MISS: Elon Musk says he plans to send 1 million people to Mars by 2050 by launching 3 Starship rockets every day and creating 'a lot of jobs' on the red planet

10 wedding trends that should never come back, according to experts

Posted: 19 Jan 2020 08:30 AM PST

weddingMaskot/Getty Images

  • Wedding planners and decorators support engaged couples as they plan their dream weddings, but that doesn't mean they like everything their clients choose.
  • Insider talked to three experts about the wedding trends they hate: Leah Weinberg, the owner and creative director of Color Pop Events; Daniela Grafman, the chief amazement officer and partner for Vision Event Co.; and Josh Spiegel, Birch Event Design's president and creative director. 
  • The experts told Insider they disliked neutral color palettes, mismatched table settings, and things couples only do for social-media likes, such as sparkler exits or champagne toasts while you're getting ready for the event.
  • All three experts also warned against getting caught up with trends, as they're typically fleeting.
  • Visit Insider's homepage for more stories.

"I have to say that the white, blush, and greenery trend has not been my favorite," Leah Weinberg, the owner and creative director of Color Pop Events, told Insider.

Andrea Lane Floral Design/Pinterest

"That's not to say that I won't or can't plan a wedding with a more subtle color palette," Weinberg said. "I can plan anything regardless of what it looks like."

"But I get really jazzed up when a couple comes to me with ideas for using a lot of color at their wedding."



Daniela Grafman, the chief amazement officer and partner for Vision Event Co., said her least favorite wedding trend is "any kind that has to do with an expectation of what's supposed to happen because of social media."

Yusuke Murata/Getty Images

"The pressures or expectations that are set by social media around things that everyone thinks that you're supposed to do is kind of spiraling into being stressful," said Grafman.

She pointed to forcing bridal parties to get ready really early for champagne toast photos or grooms who feel like they have to drink their entire wedding day because of what they see in photos.

"Your wedding will be amazing regardless of if you have the most Instagrammable moment," she said.



Josh Spiegel, Birch Event Design's president and creative director, pointed to "flowers arranged to create an ombré effect" as a trend he doesn't care for.

Probuxtor/Getty Images

"It pictures well and looks great on Pinterest, but you can't see the effect in person enough to warrant the time and effort," said Spiegel.

"Plus, it's often not done very well," he added.




See the rest of the story at Business Insider

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'Bad Boys for Life' is on pace to have the second-best opening ever during the Martin Luther King Jr. weekend with $68.1 million (SNE)

Posted: 19 Jan 2020 08:25 AM PST

bad boys for life sonySony

  • Sony's "Bad Boys for Life" is dominating the four-day Martin Luther King Jr. Day holiday weekend.
  • The movie will have brought in $68.1 million by Monday, the second-best opening ever for the weekend, behind "American Sniper."
  • "Bad Boys for Life" is also the biggest opening ever for an R-rated Sony release.
  • Universal's "Dolittle" did better than industry projections, but the $175 million-budgeted movie is still only estimated to make $30 million by Monday.
  • Visit Business Insider's homepage for more stories.

If I told you the "Bad Boys" franchise would be the first big moneymaker of 2020 you would think I was a crazy.

But Sony has pulled it off, as the third movie in the franchise has brought in an estimated $59.1 million as of Sunday and by Martin Luther King Jr. Day on Monday the movie is on pace to bring in $68.1 million. That's the second-best opening ever during the four-day holiday weekend, passing the Ice Cube/Kevin Hart comedy "Ride Along" ($48.6 million). Clint Eastwood's "American Sniper" is still number one with $107.2 million.

See the rest of the story at Business Insider

NOW WATCH: Documentary filmmaker Ken Burns explains why country music is universal

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The US is entering an era in which impeaching the president will be routine

Posted: 19 Jan 2020 08:21 AM PST

donald trumpEvan Vucci/AP Images

  • Impeaching a president used to be unthinkable, but now two presidents have been impeached just 21 years apart.
  • President Trump's impeachment is a sign of a new political era in which impeaching a president will become common.
  • Michael Gordon is a longtime Democratic strategist, a former spokesperson for the Justice Department, and the principal for the strategic-communications firm Group Gordon.
  • This is an opinion column. The thoughts expressed are those of the author.
  • Visit Business Insider's homepage for more stories.

As the Senate trial begins, there has been much talk about the historic nature of Trump's impeachment.

As many articles have noted, it is, after all, just the third time in history that a U.S. president has been impeached. But, the alternative storyline is this: After only one impeachment in more than 200 years we now have our second in just 21. 

See the rest of the story at Business Insider

NOW WATCH: A podiatrist explains heel spurs, the medical condition Trump said earned him a medical deferment from Vietnam

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SEE ALSO: The final test of Trump's domination of the GOP will have nothing to do with his reelection

Kim Kardashian West just released the trailer for her documentary on prison reform, 'The Justice Project'

Posted: 19 Jan 2020 08:19 AM PST

kim k announces documentaryOxygen / @KimKardashian

  • Kim Kardashian West dropped a trailer for her documentary about the US prison system, "The Justice Project," which will be released in April.
  • It's part of a larger prison reform push that West has been on, one she says was spurred by "raising four black children that could face a situation like any of the people that I help."
  • West previously convinced President Trump to grant clemency to a 63 year old grandmother who'd been serving a life sentence for non-violent drug offenses. 
  • Visit Insider's homepage for more stories.

Kim Kardashian West has just released a 2-minute sneak peek for her documentary on mass incarceration, "The Justice Project," set to debut in April.

"I went into this knowing nothing, and then my heart completely opened up," West said in the trailer for the documentary, which will follow the stories of four different incarceration cases. 

See the rest of the story at Business Insider

NOW WATCH: Taylor Swift is the world's highest-paid celebrity. Here's how she makes and spends her $360 million.

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The 10 NYC neighborhoods where home prices increased the most over the past decade, ranked

Posted: 19 Jan 2020 08:00 AM PST

Williamsburgjumis/Shutterstock

New York city's real estate market has grown increasingly expensive over the past decade.

In fact, in November 2019, the city's median recorded sales price reached just below $670,000  which is 49% higher than 2010's median recorded sales price of $450,000.

A recent report by real estate listing platform StreetEasy, reveals the 10 neighborhoods in New York City where median recorded sales prices increased the most from 2010 to 2019. Those increases range from just above 100% to over 200%.

Eight of the neighborhoods on the list are located in Brooklyn which is no surprise considering the borough's popularity — and by extension, its price tags  — have increased astronomically since the 1940s.

The only two non-Brooklyn neighborhoods to make the list are the Lower East Side, which saw a 168% increase in its median recorded sales price, and Gramercy Park, which saw a 109% increase in its median recorded sales price.

Keep reading for StreetEasy's full list of neighborhoods. 

10. From 2010 to 2019, the median recorded sales price in Williamsburg increased 107%

Mihai Speteanu/Shutterstock

Median recorded sales price in 2010: $834,115

Median recorded sales price in 2019: $2,591,446

 



9. From 2010 to 2019, the median recorded sales price in Gramercy Park increased 109%

Gabor Kovacs Photography/Shuttertstock

Median recorded sales price in 2010: $694,500

Median recorded sales price in 2019: $1,450,000



8. From 2010 to 2019, the median recorded sales price in Prospect Heights increased 110%

Leonard Zhukovsky/Shutterstock

Median recorded sales price in 2010: $535,791

Median recorded sales price in 2019: $1,125,000




See the rest of the story at Business Insider

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SEE ALSO: The 15 best states for America's middle class, ranked

DON'T MISS: New York City had a record drop in chain stores in 2019

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