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Monday, January 27, 2020

Business News, Updates

Business News, Updates


Planters is halting its ads featuring the death of Mr. Peanut after Kobe Bryant's fatal helicopter crash

Posted: 27 Jan 2020 10:29 AM PST

Wesley Snipes, Mr. Peanut and Matt WalshPlanters

  • After the announcement of the death of Mr. Peanut last week, Planters is pausing its Super Bowl campaign in light of the sudden death of basketball icon Kobe Bryant.
  • A Planters spokesperson told Business Insider the brand is pausing paid advertising on channels like Twitter and YouTube as well as "some other outreach," following the fatal helicopter that killed Bryant and his young daughter. 
  • According to the spokesperson, "no change has been made to our plans for Super Bowl Sunday," which is expected to include a funeral segment for Mr. Peanut. 
  • Visit Business Insider's homepage for more stories.

Less than a week after killing off Mr. Peanut in a Super Bowl pregame ad, Planters is halting the campaign in light of the sudden death of basketball icon Kobe Bryant.

The 104-year-old brand mascot Mr. Peanut "died" in a viral ad that aired on January 21 and featured actors Wesley Snipes and Matt Walsh. Mr. Peanut was expected to be honored in a follow-up funeral commercial slated for the third quarter of the Super Bowl on February 2.

See the rest of the story at Business Insider

NOW WATCH: We went to a Champagne vineyard in France to find out why it's so expensive

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SEE ALSO: Brands from Chips Ahoy to Oscar Mayer are tweeting their condolences after Planters killed off its own mascot, Mr. Peanut

Kanye West publicly mourned the loss of Kobe Bryant and his daughter at a midnight Sunday Service with Chance the Rapper

Posted: 27 Jan 2020 10:29 AM PST

Kanye West Kobe BryantKMazur / Getty Images

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NOW WATCH: 5 things about the NFL that football fans may not know

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Gamers are paying tribute to Kobe Bryant in 'NBA 2K20' with custom jerseys, parades, and deliberate 24-second shot clock violations

Posted: 27 Jan 2020 10:21 AM PST

Kobe Bryant NBA 2k17 Commercial2K Games

  • Kobe Bryant's life and NBA career touched people around the world, including the millions of gamers who grew up seeing his face on the covers of NBA video games during his 20-year career.
  • People playing "NBA 2K20" online have been offering their own impromptu tributes to Bryant in the hours following his death in a helicopter crash on January 26.
  • Gamers are parading around "NBA 2K20's" public neighborhood area wearing Bryant's jersey and other Los Angeles Lakers gear.
  • Other players online are intentionally suffering 24-second shot clock violations, an homage that several NBA teams performed in games on Sunday night.
  • Visit Business Insider's homepage for more stories.

The sudden death of NBA legend Kobe Bryant has shocked people around the world, including a generation of sports fans who grew up playing as the Los Angeles Lakers star in NBA video games.

"NBA 2K20," the most popular basketball game on the planet, paid tribute to Bryant with a banner acknowledging his death in the game. But "NBA 2K20" players are taking things a bit further, offering their own personal tributes to the five-time NBA champion.

See the rest of the story at Business Insider

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SEE ALSO: Photos and videos show makeshift Kobe Bryant memorials where fans are mourning the basketball legend who was killed in a helicopter crash on Sunday

4 tax breaks every US college student should know about

Posted: 27 Jan 2020 10:19 AM PST

college students studying tutorFlickr / UC Davis College of Engineering

Tax credits and tax deductions for college students can help offset the cost of school or repaying a loan.

Credits and deductions can help you pay less income tax by lowering your tax liability dollar-for-dollar, or reducing your taxable income.

See the rest of the story at Business Insider

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The 12 best hotels in Palm Springs

Posted: 27 Jan 2020 10:17 AM PST

 

IP Best Hotels Palm Springs 4X3

  • Palm Springs is a desert oasis renowned for its retro, vintage vibes that pay homage to the time when the city was a glam retreat for Hollywood stars.
  • Now, it's beloved by those who frequent its contemporary galleries and high-end design boutiques, as well as visitors seeking anything from nearby nature, a family vacation, raucous pool parties, or a central base to attend a music festival.
  • I've been to Palm Springs many times and keep going back for these diverse offerings, as well as incredible and affordable hotels, which range from boutique hideaways to sprawling resorts and retro motels. To highlight the best, I selected top hotels based on my own experience, as well as those with coveted amenities and design, feedback from sites such as Trip Advisor and Booking.com, and a starting price under $300 per night in low season.
  • Read all Insider Picks hotel reviews here.

Palm Springs is a desert oasis teeming with retro, vintage vibes ⁠— a nod to when the city was a glam retreat for Hollywood's elite.

Much of the city still pays homage to this heyday like a time capsule, with midcentury modern design on display from hotel lobbies and bungalow homes to contemporary furniture boutiques, eclectic dining, and local architecture.

Given so much nostalgia, the city should probably feel a lot kitschier than it is. But it totally works. There's an authenticity that makes a weekend getaway just as exciting as it was for Frank Sinatra and Liz Taylor way back when.

And while a new generation has ushered itself in, for every Coachella-goer there's an art lover, nature seeker, design purist, or family looking to savor what makes Palm Springs so special.

As such, Palm Springs has seen an influx of development, with scores of hotels ranging from design-forward boutique properties, contemporary outposts of big brand chains, intimate hideaways, sprawling villa-style resorts, and hip hangs for pool-party revelry.

Surrounded by swaying palms, the San Jacinto Mountains, nearby national parks, and near-perfect year-round weather (apart from a very hot summer, of course), Palm Springs is my favorite place for a rejuvenating, but still affordable escape.

A top hotel in high season (late winter and spring) might run anywhere from $200 to $400 per night. But if you're willing to brave the summer temps, you'll find high-end hotels for $100 per night, and often, lower.

To curate a list of top properties, I've compiled my knowledge along with deep research of the city to highlight those with the coveted amenities and design that best channel Palm Springs' spirit, as well as online reviews and ratings from sites such as Trip Advisor and Booking.com, and a starting price point under $300 per night in low season.

And, if you're traveling in or out through Los Angeles, don't miss our list of the best hotels, to bookend your trip.

Keep reading to see why we were so impressed by these Palm Springs hotels, sorted by price from low to high.

Riviera Palm Springs

The Riviera Palm Springs

Book Riviera Palm Springs starting at $98 per night

'The Riv' as this hotel is affectionately called, is a sprawling resort that blends the curated look of a boutique hotel with the expansive amenities of a full-service resort. It makes a strong first impression from the first glimpse of the soaring high mint green lobby dotted with midcentury modern vignettes that beg you to linger. 

Common spaces such as the central pool, open-air restaurants, and expansive spa are glam, and many rooms recently underwent a much-needed facelift to mirror the high-end look. I've stayed here multiple times and always enjoy it, but the key to success is to avoid visiting in high season when big events, festivals, and concerts draw a less than desirable crowd and turn the pool into an overcrowded mess. Book any other time and you're sure to find it a peaceful, beautiful escape that's affordable too.

Trip Advisor Ranking: 59 out of 78 hotels

Booking.com Rating: 7.8 out of 10

Pros: Large, glam resort that's consistently cheaper than many other area alternatives with a great pool and spa.

Cons: Rooms can be a mixed bag, with some options being dated and in dire need of updates. Make sure to request an updated room, or better yet, upgrade to a Junior Suite for the best value. Oh, and don't think about booking here during big event weekends unless you like rowdy, messy crowds.

Read our full hotel review for Riviera Palm Springs



V Palm Springs

Hotels.com

Book V Palm Springs starting at $106 per night

The V Palm Springs has quickly emerged as a top choice for boutique style with a cheap price point. The property offers exceptional value year-round, and even during popular periods, we've seen excellent service in a design-forward, comfortable environment. Travelers range from those simply in search of a good deal, to discriminating Instagram influencer types willing to sacrifice neither cachet nor style.

Plus, whereas the Riviera or Ace can be rowdy in high-occupancy seasons, we've never had a problem at the V, with stays that are consistently positive. Somehow, it seems the masses haven't caught on yet.

Trip Advisor Ranking: 45 of 78

Hotels.com Rating: 7.6 out of 10

Pros: Highly-designed rooms, fun pool scene, and cheap prices even in high season.

Cons: The DJ spins tunes at the pool on weekends which can be noisy if your room faces it, and the vibe can get boozy, which might not be best if you're coming with children.

Read our full hotel review for V Palm Springs



Avalon Hotel and Bungalows Palm Springs

Trip Advisor

Book Avalon Hotel and Bungalows Palm Springs starting at $134

The Avalon is a long-time Palm Springs staple, beloved for its central downtown location, resort-style amenities, and Spanish-inspired villas and bungalows surrounded by greenery. The well-designed property is ideal for a relaxing vacation that's still close to the action. Plus, three pools, a spa, and well-reviewed dining are enough to keep you on-site. 

Private bungalows are the way to go in terms of space, style, and comfort, though they're significantly higher-priced than smaller starter rooms.

Trip Advisor Ranking: 28 out of 78

Booking.com Rating: 8.7 out of 10

Pros: The enviable downtown location still manages to feel tucked away from the noise and bustle, plus we appreciate that such a refined sense of style and luxury are available at, usually, an attainable price point.

Cons: Entry-level rooms here are very small, hovering under 250 square feet, which can feel cramped with suitcases, and sometimes for well over $200 per night. Some prior guests also complain about noise from other rooms and on-site events such as weddings.




See the rest of the story at Business Insider

See Also:

SEE ALSO: The 11 best hotels in Los Angeles

SEE ALSO: The 12 best hotels in Chicago

SEE ALSO: The 20 best hotels in New York City

More than half of people with rewards cards miss out on points or cash back, and it's a mistake that can add up quickly

Posted: 27 Jan 2020 10:16 AM PST

finance money bank banking banking credit card credit score investment payment chase sapphire preffered food dining restaurant cox 3Crystal Cox/Business Insider

  • According to a survey from Bankrate, 55% of rewards card holders who pay their bills in full each month are missing out on rewards by choosing debit or cash.
  • The survey found that rewards cardholders were most likely to leave points or cash back on the table by paying for groceries and restaurant purchases with cash or debit.
  • Many credit cards offer bonus rewards for groceries and dining purchases. For example, the Blue Cash Preferred® Card from American Express earns 6% back at US supermarkets on up to $6,000 in purchases each year (then 1% back). And the Chase Sapphire Preferred Card earns 2 points per dollar on all your dining spending.
  • Coupled with a credit card sign-up bonus, the rewards from your everyday spending can help you book travel like award flights or hotel stays.
  • See Business Insider's list of the best rewards credit cards »

The cardinal rule of using credit cards responsibly is to treat them like debit cards, only spending what you can afford to pay off each month. Provided you're not spending beyond your means, credit cards can be powerful tools for building credit, protecting against fraud, and earning rewards — but a recent survey from Bankrate found that far too many cardholders are leaving value on the table.

According to the survey of 2,716 adults (of which 1,625 are rewards cardholders), 55% of rewards credit card holders who pay their bills in full each month are missing out on rewards. Instead of charging purchases like gas, groceries, dining, and travel to a card that offers points or cash back, they're using a debit card or cash. 

See the rest of the story at Business Insider

NOW WATCH: 9 items to avoid buying at Costco

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LIVE: Trump's lawyers deliver opening arguments after John Bolton mangled their defense in the impeachment trial

Posted: 27 Jan 2020 10:12 AM PST

In this image from video, White House counsel Pat Cipollone speaks during the impeachment trial against President Donald Trump in the Senate at the U.S. Capitol in Washington, Saturday, Jan. 25, 2020. (Senate Television via AP)Associated Press

  • President Donald Trump's lawyers are gearing up for the second day of opening arguments in his historic impeachment trial.
  • Monday's proceedings, which will begin at 1 p.m. ET, come after The New York Times reported that former national security adviser John Bolton claims Trump personally told him he would withhold military aid to Ukraine until it launched politically motivated investigations targeting his rivals.
  • The revelation shatters the defense team's key argument against impeachment: that there are no firsthand witness accounts about the president directly confirming a quid pro quo.
  • Scroll down to watch the trial and follow Insider's live coverage.
  • Visit Business Insider's homepage for more stories.

President Donald Trump's Senate impeachment trial continued Monday as his defense team delivered more opening arguments. White House counsel Pat Cipollone is spearheading Trump's team, which also includes the president's personal lawyer, Jay Sekulow.

The defense is expected to argue its case for roughly eight hours on Monday and wrap up opening arguments on Tuesday. 

The House of Representatives impeached Trump last month for abuse of power and obstruction of Congress. Both charges relate to his efforts to coerce Ukraine into launching politically motivated investigations targeting former Vice President Joe Biden, a 2020 Democratic frontrunner, and the Democratic Party as a whole.

While doing so, the president withheld $391 million in vital military aid to Ukraine, as well as a White House meeting that Ukrainian President Volodymyr Zelensky desperately sought and still hasn't gotten.

After the defense rests their case, senators will have 16 hours to submit written questions to the defense team and the seven House impeachment managers who prosecuted the case against Trump.

The Senate will then decide whether to subpoena additional documents or witness testimony, which requires a 51-vote majority.

Monday's proceedings come after The New York Times reported on an unpublished manuscript of former national security adviser John Bolton's upcoming book that threw a wrench into the president's defense.

According to The Times, Bolton claims Trump personally told him he would withhold Ukraine's military aid until Zelensky agreed to deliver politically motivated investigations targeting the Bidens.

Bolton's reported revelation directly undercuts the defense's argument that there are no firsthand witnesses who can say Trump himself confirmed a quid pro quo with Ukraine: military aid in exchange for political favors.

C-SPAN and TV networks are relying on the Senate's live feed of the trial.

C-SPAN is airing the trial at cspan.org.

You can watch the trial here:

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Scroll down for Insider's live coverage of the hearing:

Senate chaplain pays tribute to NBA legend Kobe Bryant in opening prayer

AP Photo/Mark J. Terrill

"We all have a limited time on earth to leave it better than we found it," said Senate Chaplain Barry Black before the Senate opened its proceedings.

Bryant died in a helicopter crash Sunday that also killed eight other people, including Bryant's 13-year-old daughter, Gianna.



See Also:

SEE ALSO: John Bolton just shattered Trump's defense in the impeachment trial and squeezed Senate Republicans into a corner

When you should be worried about the Wuhan coronavirus, which has killed at least 81 people

Posted: 27 Jan 2020 10:12 AM PST

wuhan coronavirus preparednessAP Photo/Kin Cheung

  • The Wuhan coronavirus is spreading around the globe. In China, where the virus originated, it's sickened thousands of people.
  • The coronavirus has also arrived in the US, where five people have been confirmed ill. US health authorities say the risk of contracting the virus is still low in the country. 
  • Health experts stress that those worried about catching the infection needn't be concerned unless they've been to Wuhan, or come in contact with someone who was there recently and has been sick.
  • The virus also doesn't appear to be especially dangerous and deadly like SARS, though just like the flu it can kill people, especially the elderly and people with certain preexisting health conditions.
  • Visit Insider's homepage for more stories.

The Wuhan coronavirus is mysterious, deadly, and circling the globe.

As of Monday, China said at least 81 people have been killed by the virus, which was first reported in December.

See the rest of the story at Business Insider

NOW WATCH: How to tell if you have a cold, flu, or just allergies

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Milk Bar makes and ships some of the best sweet treats we've tried — here's why it's the perfect gift

Posted: 27 Jan 2020 10:09 AM PST

milk barMilk Bar

  • Milk Bar is home to some of the most unique sweet treats. 
  • The innovative cakes, cookies, and pies are as delicious as they are fun— and they make great Valentine's Day gifts for anyone with a sweet tooth.
  • Milk Bar has an online store where you can buy their treats, cookbooks, and cooking classes. Plus, it ships nationwide in the US. Now through February 13, 2020, orders over $50 are shipped free. 
  • Check out all of our Valentine's Day 2020 gift guides for even more gifting inspiration. 
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Imagine the crazy, sugary confections you dreamed of eating as a child. Those odd, but delicious concoctions — like cookies filled with marshmallows and corn flakes — that your parents wouldn't let you create for fear that you'd stay up all night riding a sugar high.

See the rest of the story at Business Insider

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Kobe Bryant's helicopter pilot was given special clearance to fly in foggy weather minutes before the deadly crash

Posted: 27 Jan 2020 10:06 AM PST

helicopter crashTSM/Bauer-Griffin/GC Images

  • Just before Kobe Bryant and eight others were killed in a helicopter crash on Sunday, the pilot had been given special clearance to fly in foggy conditions.
  • The New York Times reported Monday that the investigation into the crash is likely to center on whether that was the right decision.
  • Visit Business Insider's homepage for more stories. 

The helicopter that crashed in Calabasas, California on Sunday and killing all nine people on board, including Kobe Bryant and his daughter, was given special permission to fly in foggy weather. 

Kobe Bryant, his 13-year-old daughter, and seven others set off in the helicopter Sunday morning, flying from Orange County en route to Thousand Oaks, where the basketball legend's youth academy is located. 

See the rest of the story at Business Insider

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What it means to be rich, according to 9 financial planners who would know

Posted: 27 Jan 2020 10:04 AM PST

family of threeAttila Csaszar/Getty Images

What does it mean to be rich? The answer probably depends on who you ask. For some people, wealth might mean the ability to buy whatever they want. For others, it might mean living without debt. And to some people, being rich might have nothing to do with money at all. 

Financial planners are in a unique position to define "rich" — they work with people across the financial spectrum, from young couples starting to buy homes and plan for retirement to the super elite, so they have a particular understanding of what it means to be wealthy.

See the rest of the story at Business Insider

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Open Banking 101: How Financial Institutions Can Take Advantage of a Global Movement

Posted: 27 Jan 2020 10:01 AM PST

Open banking, which has been implemented in the U.K., involves sharing customers' financial information electronically and securely, but only under conditions that customers approve.

Open banking forces lenders to offer a digital "fire hose" of data that any third party can use to get standardised access — provided the startup is registered with the UK Financial Conduct Authority (FCA) and the customer agrees to share their data.

This system has already taken root in the U.K., but it could soon spread to the rest of the world. That's why Business Insider Intelligence has put together a report called Open Banking 101: How Financial Institutions Can Take Advantage of a Global Movement to Collaborate with Partners and Developers.

See the rest of the story at Business Insider

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Amex Platinum vs Amex Business Platinum: We compared the two premium credit cards, and the choice is obvious

Posted: 27 Jan 2020 10:01 AM PST

finance money bank banking banking credit card credit score investment payment american expressCrystal Cox/Business Insider

The Platinum Card from American Express has a $550 annual fee — one of the highest among all personal credit cards — but if you travel frequently you can get enough value for it to be worthwhile. Over the past few years, Amex has added new benefits and perks to both the Amex Platinum and the Amex Business Platinum (with a $595 annual fee) to keep them competitive with other premium rewards cards.

While the personal and business versions used to have virtually identical benefits and terms (with a few exceptions), they're no longer nearly identical. While they do have many overlapping benefits, there are some key differences. Keep reading to see how the Amex Platinum and the Amex Business Platinum differ, and to decide if either is right for you.

See the rest of the story at Business Insider

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Function of Beauty lets you design your own shampoo and conditioner based on your hair's needs — here's what 4 women thought after trying it

Posted: 27 Jan 2020 10:01 AM PST

fobFunction of Beauty Facebook

  • In a sea of options, it's still hard to find hair care that feels like it's really made for you. 
  • Function of Beauty is trying to change that with totally customizable hair care for women. Just fill out a quick hair quiz and Function of Beauty will create a hair-care routine fit for your hair needs. 
  • Function of Beauty embraces individuality and believes hair care shouldn't be a one-size-fits-all formula. Four women on the Insider Picks team tried the brand's shampoos and conditioners to see how the products worked on our very different hair types. 
  • Ultimately, we all loved the personalization process as well as packaging and aesthetics, but the reviews were mixed on how well the formulas worked, especially considering the high price tag (bottles start at $29).

Human beings are unique. We wear outfits that show off our personal style. We create playlists so we can listen to the music we love whenever we want. We have myriad interests and passions which we proudly display on our social media profiles — and talk about often in person. For the most part, the world that we live in makes it easy for us to personalize everything in our lives — from monogrammed phone cases to data-driven subscription boxes.

So, why doesn't our hair care get the same treatment?

See the rest of the story at Business Insider

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SUCCESS INSIDER: 13 consulting firms where you can earn more than $200,000 right out of business school

Posted: 27 Jan 2020 09:58 AM PST

Deloitte officeCarlos Osorio/Getty Images

2020 is going to be a big year for management consulting — at least in terms of starting salaries. 

Namaan Mian, director of operations at the careers resource company Management Consulted, told our reporter Weng Cheong about the bump.

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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There are calls across the NBA world to honor Kobe Bryant's legacy, from retiring his numbers league-wide to changing the logo

Posted: 27 Jan 2020 09:57 AM PST

Kobe BryantAP Photo/Mark J. Terrill

  • Many in and around the NBA are calling for the league to honor Kobe Bryant in special ways following his death.
  • Some have called for the league to retire his No. 24 while others would like the NBA logo changed to look like Bryant.
  • The Dallas Mavericks have already announced that they will retire Bryant's number.
  • Visit Business Insider's homepage for more stories.

The NBA world was shocked on Sunday with the sudden death of Lakers legend Kobe Bryant, who passed away in a helicopter crash along with his 13-year-old daughter Gianna and seven others on board.

Bryant was one of the greatest ever to step foot on the basketball court and will be remembered as the best of many all-timers to wear the Lakers purple and gold.

See the rest of the story at Business Insider

NOW WATCH: 5 things about the NFL that football fans may not know

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Comedian John Mulaney says shopping at Whole Foods has been 'bananas' since it was purchased by Amazon for $13 billion (AMZN)

Posted: 27 Jan 2020 09:56 AM PST

John Mulaney

  • Comedian John Mulaney recently detailed how he spends his Sundays.
  • Describing his grocery shopping, Mulaney said "it's been bananas since Amazon bought Whole Foods."
  • Amazon bought Whole Foods for $13.7 billion in 2017.
  • Visit Business Insider's homepage for more stories.

Whole Foods has changed since it was bought by Amazon, according to popular comedian John Mulaney.

Mulaney, the stand-up comedian and former Saturday Night Live writer who has made four comedy specials with Netflix, including his latest "John Mulaney & The Sack Lunch Bunch," recently told The New York Times about his Sunday routine, which includes stopping at Whole Foods to buy dinner.

See the rest of the story at Business Insider

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SEE ALSO: A blogger took Amtrak across the country from San Francisco to New York and recorded the whole trip on TikTok

New Yorkers honored Kobe Bryant by renaming a subway stop after the NBA legend

Posted: 27 Jan 2020 09:53 AM PST

Kobe Bryant

  • A photo shared on social media shows that New Yorkers paid tribute to Kobe Bryant by modifying a subway station sign to honor the NBA icon after his death. 
  • The photo showed a makeshift "Kobe" sign had been put over the "Fifth Ave" section of a Fifth Ave/Bryant Park subway sign, turning the station into "Kobe Bryant Park."
  • Bryant, his 13-year-old daughter Gigi, and seven others died in a helicopter crash in Calabasas, California, on Sunday. 
  • Memorials across the United States paid tribute to Bryant on Sunday, and fans gathered at Los Angeles' Staples Center — where Bryant spent much of his 20-year career with the Lakers —to honor his legacy. 
  • Visit Business Insider's homepage for more stories.

New Yorkers paid tribute to NBA icon Kobe Bryant after he died in a helicopter crash by modifying a subway station's name to read "Kobe Bryant Park."

A photo shared on social media showed that New Yorkers plastered a makeshift "Kobe" sign on a "Fifth Ave/Bryant Park" subway sign after news broke that 41-year-old Bryant, his 13-year-old daughter Gigi, and seven others had died in a helicopter crash in Calabasas, California.

See the rest of the story at Business Insider

NOW WATCH: 5 things about the NFL that football fans may not know

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Photos of Kobe and Gigi Bryant show how the father-daughter duo shared a deep love for the game of basketball

Posted: 27 Jan 2020 09:51 AM PST

kobe bryant daughter gigi gianna bryantAllen Berezovsky/Getty Images

  • NBA legend Kobe Bryant and his 13-year-old daughter, Gianna "Gigi" Bryant, died in a helicopter crash in Calabasas, California, Sunday.
  • He was 41 years old.
  • The Black Mamba was known as a fierce competitor and one of the greatest basketball stars to ever play in the NBA.
  • His second-eldest daughter, dubbed "Mambacita," shared his love for the game and intended to one day follow in her father's footsteps and play professional basketball in the WNBA.
  • Gigi was present for many of the biggest moments in Kobe's illustrious career, and photos show her transformation from his young idolizer to his mentee and heir-apparent to his basketball legacy.
  • Visit Business Insider's homepage for more stories.

NBA legend Kobe Bryant and his 13-year-old daughter, Gianna "Gigi" Bryant, died in a helicopter crash in Calabasas, California, Sunday.

Stephen R. Sylvanie-USA TODAY via Reuters

According to TMZ, the father-daughter duo was en route to the Mamba Academy in Thousand Oaks, California, for a basketball practice when Bryant's helicopter crashed.

AP Photo/Mark J. Terrill

Kobe and Gigi shared a deep affection for the game of basketball, so it was only fitting that the Los Angeles Lakers legend shared his final public appearance with the heir-apparent to the Black Mamba basketball empire.

Allen Berezovsky/Getty Images


See the rest of the story at Business Insider

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5 things millennials are paying for that their parents never would have dreamed of spending money on

Posted: 27 Jan 2020 09:51 AM PST

millennialWestend61/Getty Images

Millennials are living a life their parents never dreamed of, and it's all because of what they choose to spend their money on.

The generation is paying for things that were previously seen as taboo by their parents, like therapy and plastic surgery. Social media has helped normalize both of these for millennials.

Millennials' are also paying for different lifestyle choices as a result of the economy and technological advancements they grew up in. As this generation waits to have kids at a later age than previous generations, taking time to first find their footing in the world, they're turning to egg freezing to help them delay starting a family.

That's not to mention their preference for renting. From clothing and furniture to hotels and rideshares, millennials have come to prefer non-ownership for its flexibility and ability to let them spend within their means.

Here are five lifestyle choices millennials are paying for that their parents couldn't — or wouldn't — spend money on.

Millennials are more likely to attend therapy than their parents were.

Klaus Vedfelt/Getty Images

Depression is on the rise among millennials, but the generation is addressing it head-on by helping to destigmatize therapy. While previous generations also attended therapy, it was a more taboo subject for them; millennials are more open to talking about and attending therapy.

"Today's 20- and 30-somethings turn to therapy sooner and with fewer reservations than young people did in previous eras," Dr. Peggy Drexler, a psychologist, wrote in an essay for The Wall Street Journal.

Celebrities such as Demi Lovato and Lady Gaga, who have been open about their depression struggles, and conversations on social media have also helped normalize therapy, Drexler wrote.



Men and women are turning to plastic surgery at a younger age because of the influence of social media.

Igor Alecsander/Getty Images

Millennials — both men and women — are turning to plastic surgery sooner than their parents did. In 2018, 72% of facial plastic surgeons reported seeing a rise in patients under age 30 seeking cosmetic surgery or injectables, according to a survey by the American Academy of Facial Plastic and Reconstructive Surgery.

Injectables are particularly increasing in popularity, with Botox leading the way, the survey found. Millennials have normalized facial plastic surgery, in part because of the influence of social media and technology.

Instead of attempting to reverse the aging process later on in life — the way previous generations have approached plastic surgery — they're trying to maintain their youthful look, Phillip R. Langsdon, AAFPRS president, said in the press release.



Millennials are shelling out big bucks to freeze their eggs so they can delay starting a family.

Lauren Bates/Getty Images

As more women delay having babies than ever before, many are turning to egg freezing.

And they're shelling out big bucks to do it: A single cycle can average anywhere from $6,000 to $20,000, according to experts. That doesn't include the $500 to $600 yearly storage costs. But women aren't the only ones paying for egg freezing costs — partners are also helping out.

Some companies, like Google, Apple, and Facebook, are even offering egg freezing as a company benefit so employees can have more freedom to plan for a family on their own timeline, but it's not a common perk.




See the rest of the story at Business Insider

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