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Tuesday, January 28, 2020

Business News, Updates

Business News, Updates


Leaked audio reveals that Trump didn't know semi-trucks run on diesel — yet the industry is one of Trump's most ardent supporters

Posted: 28 Jan 2020 10:19 AM PST

trump truckCarlos Barria/Reuters

  • Truck drivers were key for President Donald Trump's 2016 election. 
  • Executives from the $800 billion industry have met with the leader several times during his tenure to help him push his healthcare and tax reforms.
  • Still, according to a leaked audio of a 2018 dinner published by The New York Times, Trump's knowledge of the trucking industry shows surprising gaps.
  • Trump did not know trucks run on diesel. He was not aware of two critical issues that are roiling the trucking industry: the truck driver shortage and the electronic logging mandate. 
  • Visit Business Insider's homepage for more stories.

A leaked audio recording of a 2018 dinner with President Donald Trump and key donors has provided new insight into the president's dealings with Ukraine, as well as his relationship with businessmen Lev Parnas and Igor Fruman, two crucial characters in Trump's impeachment scandal.

The April 30, 2018 dinner revealed something else of the president: that his knowledge of trucking is less than comprehensive.

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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SEE ALSO: Worked 'like a rented mule': A truck driver claims an Amazon contractor forced him to drive for up to 30 hours straight in a new lawsuit

Goldman Sachs files to create an unprecedented type of ETF that will keep certain details secret

Posted: 28 Jan 2020 10:18 AM PST

Goldman SachsRichard Drew/AP

  • Goldman Sachs filed to create a new type of exchange-traded fund that wouldn't disclose its holdings on a daily basis.
  • The Goldman Sachs Multi-Asset Income ETF would invest across US stocks, American depository receipts, master limited partnership investments, and other ETFs, according to the Securities and Exchange Commission filing dated January 16.
  • The ETF could benefit from its lack of transparency, Goldman wrote, as it would likely face lower risk of traders replicating its investment strategy.
  • Traditional ETFs are required to release information on their holdings every day to maintain transparency with investors.
  • Visit the Business Insider homepage for more stories.

Goldman Sachs filed earlier in January to create a new type of exchange-traded fund that wouldn't be required to disclose daily asset holdings to its investors.

The Goldman Sachs Multi-Asset Income ETF would invest across US stocks, American depository receipts, master limited partnership investments, and other ETFs, according to the Securities and Exchange Commission filing dated January 16.

See the rest of the story at Business Insider

NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption

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Kobe Bryant once told ESPN's Elle Duncan that he loved being a 'girl dad,' and now fathers are sharing photos with their daughters in solidarity

Posted: 28 Jan 2020 10:14 AM PST

kobe gigi natalia 2010 finals.JPGREUTERS/Mike Blake

  • NBA icon Kobe Bryant and his 13-year-old daughter, Gianna "Gigi" Bryant, died along with seven others in a tragic helicopter crash Sunday morning.
  • In reflecting on her sole interaction with the Black Mamba, ESPN's Elle Duncan shared a heartwarming anecdote in which Bryant — who, at the time, had three daughters — gushed about being a "girl dad."
  • "Girls are amazing," Duncan recalled Bryant telling her. "I would have five more girls if I could."
  • After the clip began circulating on social media, dads began sharing photos of themselves with their daughters in solidarity with the late Los Angeles Lakers legend.
  • Visit Business Insider's homepage for more stories.

Nearly every big name in the world of sports took a moment to reflect on the life and legacy of Kobe Bryant after the NBA icon, his 13-year-old daughter Gigi, and seven others died in a tragic helicopter crash Sunday morning.

But perhaps no anecdote was as emotional and raw as the one shared by ESPN anchor Elle Duncan.

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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The 15 cars owners keep the longest in the US are almost all made by Toyota and Honda

Posted: 28 Jan 2020 10:13 AM PST

1998001_2003_Highlander 2Toyota

  • Automotive research firm iSeeCars.com has compiled a list of cars original owners keep for over 15 years and found that all of the vehicles are made by Japanese automakers: Toyota, Subaru, and Honda.
  • The Toyota Highlander, which tops the list, is kept over 15 years by 18.3% of its original owners.
  • The types of vehicles on the list are diverse, but SUVs frequent it the most, taking seven of the spots.
  • Visit Business Insider's homepage for more stories.

Automotive research firm iSeeCars.com has compiled a list of cars original owners keep for at least 15 years and found that all of the vehicles are made by Japanese automakers: Toyota, Subaru, and Honda.

On average, 7.7% of all vehicles purchased new are kept for over 15 years. However, the Toyota Highlander, which tops the list, is kept over 15 years by 18.3% of its original owners. This is 2.4 times above the average.

Of the 15 vehicles on the list, 10 of them are made by Toyota. 

"Japanese vehicles, especially Toyota and Honda, are known for their reliability and durability," iSeeCars CEO Phong Ly said in a statement. "Owners are more likely to hold onto cars that are still dependable and don't require a great deal of expensive maintenance."

The types of vehicles on the list are diverse, but SUVs frequent it the most, taking seven of the spots. Ly claims this is because SUVs are dependable and have a good reputation.

The firm analyzed over 350,000 used cars made during the 1981 to 2004 model years that were sold by its original owners in 2019 to determine which cars were retained the longest.

Keep scrolling to see which cars are kept the longest, and the percentage of owners who keep the vehicles for over 15 years.

15. Toyota Land Cruiser — keep for 15 years or longer by 10.6% of owners

Toyota

"Also known as a reliable vehicle, the iconic Toyota Land Cruiser is among the most expensive vehicles in its class and its current generation has only received a mild refresh since it was introduced in 2007, so owners may hold onto it since it's expensive to replace and doesn't appear dated," Ly said.



14. Honda Civic — keep for 15 years or longer by 11% of owners

Honda

13. Toyota Camry — keep for 15 years or longer by 11% of owners

Toyota


See the rest of the story at Business Insider

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SEE ALSO: The most-sold used car in every state in 2019 proves how dominant pickup trucks still are in the US

A financial planner says 3 steps can keep high-earning millennials from blowing their money

Posted: 28 Jan 2020 10:11 AM PST

rich millennials.JPG

Keeping up with the Joneses can be the downfall to truly getting rich.

That's why some millennials making six figures feel so broke. They fall victim to lifestyle creep, Gideon Drucker, a certified financial planner at Drucker Wealth and author of the book "How to Avoid H.E.N.R.Y. Syndrome," told Business Insider. Lifestyle creep happens when someone increases their standard of living to match a rise in their discretionary income.

See the rest of the story at Business Insider

NOW WATCH: Last minute gift wrapping? Here's how to wrap your present in under 2 minutes.

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SEE ALSO: 3 common money mistakes you might be making if you're earning a 6-figure salary and still feel broke, according to experts who work with 'Henrys'

DON'T MISS: 'High earner, not rich yet': How to tell if you're a 'Henry,' based on your salary, savings, and lifestyle

The top 10 highest paid athletes in the world

Posted: 28 Jan 2020 10:10 AM PST

Messi/James/FedererGetty/Soccrates Images/Mike Stobe/Icon Sportswire

  • The 10 highest earning athletes in the world took home a combined $941 million each year in wages and sponsorships between June 2018 to June 2019, according to Forbes.
  • Lionel Messi, LeBron James, and Roger Federer are amongst them.
  • See below for the full list, as well as a breakdown of how each superstar earns their money.
  • Visit Business Insider's homepage for more stories.

10: Kevin Durant of the Brooklyn Nets netted a cool $65.4 million.

Getty/Mike Lawrie

Durant, 31, joined the Nets in 2019 after three seasons with the Golden State Warriors. He signed a four-year deal worth a total of $164 million, though is yet to play a game for his new side due to undergoing surgery on his achilles tendon.

He has as many as 30 sponsors including Gatorade, Beats by Dre, and Nike, the latter of whom he signed a 10-year-old, $300 million deal with in 2014, according to USA Today.



9: The Golden State Warriors' Stephen Curry apparently earned $79.8 million.

Sue Ogrocki/AP

Stephen Curry earned $42 million from his sponsorship deals between June 2018 and 2019. He is the current global ambassador for Rakuten, whom sponsor his "Underrated Tour," while he also has a partnership with tech company Palm, according to CNBC.

The 31-year-old's $37.8 million annual wage packet made up the rest of his earnings. 



8: LeBron James is the NBA's highest earner with an income of $89 million.

Michael Conroy/AP Images

James was basketball's biggest baller when it came to cash. In wages alone he earned $36 million between June 2018 and 2019, according to Forbes.

However, his off-court earnings far superseded that — the Los Angeles Lakers star earned $53 million from his deals with Nike, Coca-Cola, and Kia Motors.




See the rest of the story at Business Insider

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8 women share the 19 best pieces of jewelry they've ever bought or received — from $7 Etsy purchases to $1,500 splurges they don't regret

Posted: 28 Jan 2020 10:09 AM PST

DCS_6797_f8895830 ee40 4b2c 9dce 0e89fc51203aAUrate

Of the many aspects of our lives that online shopping has simplified (getting fresh groceries to our doors),  one of the best is how much easier and more affordable it has made buying jewelry online.

Whether it's a $20 pair of handmade earrings on Etsy that look like lemon drops or a keepsake $1,500 ring to celebrate a momentous achievement, many of the best pieces in our jewelry boxes came to us as gifts from ourselves.

Since we spend most of our time on Insider Picks steeped in the search for the best of the online world, I asked eight women on the Insider Picks team to tell me the best jewelry pieces they ever bought online (and a few pieces that were given to them as gifts from loved ones) — and where you can find them.

8 women share their best online jewelry purchases:

Birthstone Ear-Chain Threader

Aurate

$150, available at AUrate

I have six piercings in my right ear, and most of the earrings I wear every day are the same ones that I've had since the piercings were created. So, on the rare occasions when I buy new jewelry, I'm okay with spending a bit more for something of greater quality, more ethical production, or a unique design. I bought this Threader at a sale price in the (not-my-birthstone) White Topaz, and I wear it most often as a glimmery point of interest when I wear my hair up. It's well made, slightly edgy but still sophisticated, and not something everyone else owns. — Mara Leighton, Insider Picks reporter



Hand with Broken Heart Earrings

Etsy

$27.52, available at Etsy

With a solid collection of everyday gold jewelry in my possession, I wanted to find some more fun, conversation-starting pieces. My first stop was Etsy, where I came across these lightweight acrylic earrings. Whether you're disillusioned by the dating scene or happily in love, they're a cool and tongue-in-cheek statement. I'm always looking for an excuse to wear them. — Connie Chen, Insider Picks reporter

 



Solid Circle Earrings

AUrate

$350, available at AUrate

These small, yellow gold circle earrings from AUrate are my most worn pair. They're the perfect 'not too big, not too small' size. — Ellen Hoffman, director of content strategy




See the rest of the story at Business Insider

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LIVE: Trump's defense team wraps up three days of opening arguments in his Senate impeachment trial

Posted: 28 Jan 2020 10:08 AM PST

Jay SekulowYouTube/CSPAN

  • President Donald Trump's Senate impeachment trial continued Tuesday as his defense team capped off their opening arguments, beginning at 1 P.M. 
  • White House counsel Pat Cipollone is spearheading Trump's team, which also includes the president's personal lawyer, Jay Sekulow.
  • 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.
  • 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 continues Tuesday as his defense team caps off their opening arguments. White House counsel Pat Cipollone is spearheading Trump's team, which also includes the president's personal lawyer, Jay Sekulow.

On Monday, other members of Trump's defense team including former Whitewater independent counsel Ken Starr, Harvard Law professor Alan Dershowitz, former Florida attorney general Pam Bondi, and Trump attorney Eric Herschmann also assisted in presenting arguments before the Senate.

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

On Monday, the defense's arguments mainly focused on attacking Hunter's credibility with false and misleading claims that he engaged in corrupt activity in Ukraine, which formed the basis of Trump's request.

They also disputed the need for the Senate to call former National Security Advisor John Bolton to testify in the trial after The New York Times reported on the unpublished manuscript of his memoir, in which Bolton wrote that Trump personally told him he would withhold Ukraine's military aid until Zelensky agreed to deliver politically motivated investigations targeting the Bidens.

Earlier on Tuesday, CNN reported that Cipollone and Sekulow are expected to make "brief closing arguments" starting at 1 P.M EST and lasting approximately two hours.

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.

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:

Patrick Philbin, deputy counsel to the president, opened up the day's arguments by refuting the Democrats' interpretation of "abuse of power"

Screenshot via C-SPAN

Philbin argued that the "managers' definition of abuse of power is antithetical to the framer's intent," and argued that they did not specify a clear offense when charging Trump with abuse of power. 

In his presentation, Philbin accused managers of impeaching based on their subjective, "malleable" view of the president's conduct and not the objective facts, arguing that the House was committing an offense of "maladministration," which the framers' rejected. 

He argued that Democrats impeached Trump on "perfectly lawful action, but want to make it impeachable based on what's in the president's head." 



CNN reported Tuesday morning that Cipollone and Sekulow are "expected to make brief closing arguments starting this afternoon at 1 p.m," noting that the schedule could "shift some."

Associated Press

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Fotis Dulos reportedly attempted suicide in his home while awaiting trial in the killing of his wife, and it's unclear whether he's dead

Posted: 28 Jan 2020 10:08 AM PST

fotis dulosErik Trautmann/Hearst Connecticut Media via AP

  • Fotis Dulos was found dead at his Farmington, Connecticut home on Tuesday, state police sources told the Hartford Courant.
  • Sources told other local outlets that the 52-year-old killed himself.
  • Dulos was accused of killing his estranged wife Jennifer, who disappeared last May, and was out of jail on $6 million bond while he awaited trial.
  • Visit Insider's homepage for more stories.

Fotis Dulos, the man at the center of one of the nation's most talked-about crime stories, was found dead at his Farmington, Connecticut, home on Tuesday, according to the Hartford Courant.

The 52-year-old was out on $6 million bail while awaiting trial in the death of his estranged wife Jennifer Dulos, who disappeared last May.

See the rest of the story at Business Insider

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These Supima cotton sheets showed me why it's worth paying more for bedding — and they're 25% off now through February 13

Posted: 28 Jan 2020 10:08 AM PST

 

Gryphon 2Facebook

  • My husband and I were using two-year-old bed sheets from Amazon, but when we moved apartments, we upgraded to these $150 Gryphon sheets, which feel like silk but are actually made of cotton. 
  • They've gotten softer with every wash and have held up well in the year that we've had them. The fabric wrinkles very easily even during regular washing and drying, but we don't mind since we're not really looking at our sheets when we're sleeping.
  • You can take 25% off the entire Gryphon site with the code "HEARTS" now through February 13, the only exclusion being the $1 Trial Kit. There's also free ground shipping on orders of $50 or more. 
  • Read more: The best sheets you can buy for your bed
Product Embed:
Product Name: Gryphon Luxury Suite Sheet Set (Queen)
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See the rest of the story at Business Insider

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SEE ALSO: The best bed sheets

Experts say the Wuhan coronavirus is more contagious but less deadly than SARS so far. Here's how the 2 outbreaks compare.

Posted: 28 Jan 2020 10:07 AM PST

sarsChristian Keenan/Getty Images

More than 100 people have died from a coronavirus outbreak that started in Wuhan, China, and at least 4,600 have been infected across 17 countries.

The virus, which is marked by fevers and pneumonialike symptoms, might have originated in a wet market in Wuhan. Coronaviruses are zoonotic diseases (meaning they can jump from animals to people), so places where shoppers, vendors, and live and dead animals are put in close proximity can be breeding grounds for disease outbreaks.

The spread of this new virus conjured a sense of déja vu for some who remember the severe acute respiratory syndrome (SARS) outbreak that started in November 2002. That was also a coronavirus, and it also jumped to people from animals in wet markets. SARS emerged in Guangdong and infected 8,098 people over the course of eight months, killing 774. Patients experienced fevers, headaches, and a type of deadly pneumonia that could cause respiratory failure.

Experts called SARS "the first pandemic of the 21st century," since it spread across 29 countries. The disease hasn't been seen in humans since July 2003.

So far, however, concerns that the Wuhan coronavirus is the next SARS are likely overblown. The two virus' symptoms and origins may be comparable, but their severity is not.

Former FDA commissioner Scott Gottlieb told CNBC on Friday that the new coronavirus appears to be less severe than SARS. It might be more contagious, however, given that this outbreak is spreading faster than SARS did.

Ma Xiaowei, minister of China's National Health Commission, said the coronavirus' incubation period ranges from one to 14 days, the South China Morning Post reported. By comparison, SARS' average incubation period was seven days. The illness can jump between people before patients show symptoms, which makes it challenging to control the virus' spread.

"An initial first impression is that this is significantly milder than SARS. That's reassuring," Eric Toner, a senior scientist at John Hopkins University, told Business Insider. "On the other hand, it may be more transmissible than SARS, at least in the community setting."

Here are some of the crucial differences between this outbreak and the SARS one 17 years ago.

The first report of the Wuhan coronavirus came on December 31, 2019. Wuhan is a city of 11 million people in the central province of Hubei, China.

Google Maps/Business Insider

SARS originated in the Guangdong province in southeastern China, near Hong Kong.



According to the World Health Organization (WHO), 50% of people impacted by SARS were age 65 or older, while the other half of infected patients varied widely in age.

PETER PARKS/AFP via Getty Images

So far, experts report that the median age of those who have died from the Wuhan coronavirus is around 75. Many of those individuals had other health issues like high blood pressure, diabetes, and Parkinson's disease.

Adrian Hyzler, chief medical officer at Healix International, told Business Insider that children, elderly people, pregnant women, and those who are immuno-compromised are more susceptible to the coronavirus' most severe complications.



SARS didn't spread as fast in its first three weeks as the new coronavirus has, according to the WHO.

Reuters

It took almost five months for SARS to spread to 3,000 people. The Wuhan coronavirus has infected almost 3,000 people in just 28 days.




See the rest of the story at Business Insider

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SEE ALSO: The flu is a far bigger threat to most people in the US than the Wuhan coronavirus. Here's why.

'Does Spotify have a sleep timer?': How to set a sleep timer on Spotify, and save your phone's battery

Posted: 28 Jan 2020 10:03 AM PST

Spotify mobile iPhoner.classen/Shutterstock

  • You can set a sleep timer on Spotify to automatically turn off your music after a set amount of time.
  • Spotify's sleep timer application is great for making sure your phone's battery doesn't die overnight.
  • However, you can only use Spotify's sleep timer in the Spotify mobile app, not on a computer.
  • Visit Business Insider's homepage for more.

In 2019, Spotify introduced a sleep timer feature, allowing users of the Spotify mobile app to set a time limit on their use and prevent draining their battery. 

The timer is ideal for people who need music or noise to help them fall asleep, but who want to avoid draining their smart device's battery overnight. 

See the rest of the story at Business Insider

NOW WATCH: How autopilot on an airplane works

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US Navy's SEAL Team 6 reportedly recovered 2 bodies and flight recorder from Afghanistan crash

Posted: 28 Jan 2020 10:01 AM PST

The wreckage of an airplane is seen after a crash in Deh Yak district of Ghazni province, Afghanistan January 27, 2020. Reuters

  • The US Navy's elite SEAL Team 6 reportedly recovered two bodies from the wreckage site where a US Air Force E-11A aircraft crashed in Afghanistan on Monday.
  • A flight recorder was also recovered during the mission.
  • Some of the sensitive military equipment aboard the aircraft was destroyed.
  • Visit Business Insider's homepage for more stories.

The US Navy's elite SEAL Team 6 recovered two bodies from the wreckage site where a US Air Force E-11A aircraft crashed in Ghazni province, Afghanistan on Monday.

The bodies and a flight recorder were recovered during the mission, which was first noted by Connecting Vets radio and then reported by Newsweek. Sensitive military equipment from the plane was intentionally destroyed by the SEALs, according to Newsweek, and US officials have not ruled out an airstrike if they deem that the aircraft's remains still pose a risk.

See the rest of the story at Business Insider

NOW WATCH: We can thank the US military for the smelliest weapon in the world

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SEE ALSO: These gun enthusiasts at the Virginia rally carried more firepower than many US troops

Read the pitch deck that buzzy startup Devoted Health used to reach a $1.8 billion valuation before it signed up a single customer

Posted: 28 Jan 2020 10:00 AM PST

Devoted Health wants to change the way the U.S. takes care of its senior citizens, and it has big plans in its first five years to do just that.

Todd ParkAlex Wong/Getty Images

The startup, which has been gathering lots of buzz in the last year, was founded to sell private health insurance plans to U.S. seniors, a market that is growing rapidly as Baby Boomers age.

See the rest of the story at Business Insider

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If not 'dad shoes,' then what? Here's how the next 'it' shoe of the decade will be determined, according to a brand marketing expert

Posted: 28 Jan 2020 09:58 AM PST

GOAT VP of Marketing Sen Sugano, wearing Balenciaga, attends GOAT and James Harden Celebrate NBA All-Star Weekend 2018 at Poppy on February 17, 2018 in Los Angeles, California.Rich Polk / Getty Images for GOAT

It's official — Balenciaga has shut the door on its famous "dad shoes" in exchange for something sleeker, slimmer, and more, well, bowling in its appearance.

The release of the brand's spring-summer 2020 collection, called "ZEN," marks a transition toward the sportswear market that is beginning to pick up steam in the luxury sector. But will luxury sports shoes become the decade's first "it" item?

See the rest of the story at Business Insider

NOW WATCH: The surprising reason Americans drop a ball on New Year's Eve

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SEE ALSO: Say goodbye to 'dad shoes' — Balenciaga just released a new sneaker collection inspired by martial artists and football players, and it might herald the next era in high-fashion footwear

DON'T MISS: Opening Ceremony, the high-end retailer beloved by millennials, is shuttering all its stores in 2020 — and it's just the latest victim of the retail apocalypse

3M just got hit with a trifecta of negative news. Here's why the stock is diving today.

Posted: 28 Jan 2020 09:57 AM PST

3MKoen van Weel/AFP/Getty Images

Bad news came all at once for jack-of-all-trades conglomerate 3M Co. Tuesday. 

The company's stock plummeted as the firm contends with a trifecta of negative events: A hit to revenue last quarter, a federal subpoena, and continued exposure to Boeing's 737 debacle as a parts-maker for the aerospace giant. 

Shares fell as much as 6.02% Tuesday, after already sliding in early trading.

3M's revenue fell by 2.6% after excluding currency moves and M&A activity, the company reported Tuesday before the market opened. To reduce expenses moving forward, 3M plans to cut its workforce by 1,500 jobs, which it says could save the company as much as $120 million.

Revenue in 3M's aerospace unit, which makes parts for airplanes, fell by just over 8%. Boeing Co. has stopped production of its 737 Max, a demand-reducing move that has had ripple effects on its suppliers, The Wall Street Journal reported.

Arconic, a Boeing supplier, also reported lower-than-expected earnings on Monday, and said it may cut jobs in the coming year in order to make up for the $400 million it will lose of Boeing demand. The company was trading up by as much as 2.93% Tuesday. 

To add to bad news, 3M's CEO Mike Roman told analysts the company got a subpoena from federal courts looking into possible breaches of compliance with regulations surrounding PFAS chemicals, which are hazardous, at a company facility. The firm set aside $214 million in pre-tax charges to pay for litigation related to the matter, it said in a Tuesday release.

One potential bright spot for the company's sales is a story that has otherwise roiled markets in recent days: coronavirus. 3M is a leading producer of medical face masks, The Wall Street Journal reported, which have seen a spike in demand as the contagious virus spreads.

NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption

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Putin is giving Russia a glimpse of a future without him, and it could mean trouble

Posted: 28 Jan 2020 09:56 AM PST

Russian President Vladimir Putin, right, and New Russian Prime Minister Mikhail Mishustin attend a Security Council meeting at the Novo-Ogaryovo residence outside Moscow in Moscow, Russia, Monday, Jan. 20, 2020. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)Associated Press

  • With his proposed constitutional changes, Putin will seek to transform Russia from a personality-driven, super-presidential system to one based on consensus and institutional interdependence between different governmental bodies.
  • With power to be divided between the president and the State Duma, stable rule in Russia will come to depend more on the unity of dominant factions in the Kremlin and the parliament than on a single leader.
  • The division of powers, as well as potential competition between them, increases the chances of political discord as Putin exits the political stage.
  • Visit Business Insider's homepage for more stories.

"Without Putin" is how young people in Russia today often describe a concept that is unfamiliar, and well they might: For most of their lives, they have known no other leader than Vladimir Putin.

Yet all of Russia, not least President Putin himself, knows he cannot remain leader indefinitely. That's why Putin, who has led Russia in one form or another since the turn of the century, is now smoothing the way for his gradual exit — as well as for major changes in Russia's system of governance.

See the rest of the story at Business Insider

NOW WATCH: What it's like to live in Putin's Russia, according to an investigative reporter who lived there for 4 years

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SEE ALSO: Here's what other global powers have at stake the standoff between the US and Iran

How the CEO of a fertility app learned to trust her instincts — and deal with the media — in recovering from a business crisis

Posted: 28 Jan 2020 09:56 AM PST

Cisco edit sponsorshipBusiness Insider

Copy of Natural_Cycles_2134Courtesy of Natural Cycles.

  • Since its launch in 2014, Natural Cycles, a fertility app, has gained over 1.5 million users and been approved by the FDA as a contraceptive app. 
  • Cofounder and CEO Elina Berglund has learned that, in growing a company, some of the responsibilities will need to be handed over to others, providing structure to how you grow the team. 
  • Berglund said she likes to focus more on solving the problem instead of dwelling on the issue.
  • This article is part of a series on growing a small business, called "From 1 to 100."

Setting up a business with your husband is risky, but it seems to be paying off for 36-year-old Elina Berglund.

Born and raised in Malmo, Sweden, Berglund is the cofounder and CEO of fertility app Natural Cycles, which has amassed 1.5 million users since launching in 2014. 

See the rest of the story at Business Insider

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Iranian state media cited a nonexistent Associated Press report to claim 'nearly 100 corpses' were found after a US military plane crash in Afghanistan

Posted: 28 Jan 2020 09:52 AM PST

afghanistan plane crash us air forceReuters

  • The state-run IRINN TV network aired a report on Tuesday claiming that about 100 bodies had been found at the site of a US military plane crash in Afghanistan on Monday.
  • IRINN cited an Associated Press (AP) report that said "nearly 100 corpses" were found at the site, according to BBC Monitoring.
  • The AP has since said that such report did not exist, BBC Monitoring said.
  • The aircraft, a US Air Force Bombardier E-11A, is widely believed to have been carrying no more than six people at the time of the crash.
  • Visit Business Insider's homepage for more stories.

Iranian state TV cited a report by the Associated Press (AP) claiming that 100 bodies were found at the site of a US military plane crash in Afghanistan, but the news agency says this report doesn't exist.

The Islamic Republic of Iran News Network (IRINN), which is part of the state-run Islamic Republic of Iran Broadcasting, reported Tuesday, according to BBC Monitoring: "US authorities have not yet released official casualty figures but the Associated Press, quoting local officials in Ghazni Province in Afghanistan, has announced that nearly 100 corpses have been found at the crash site."

See the rest of the story at Business Insider

NOW WATCH: We can thank the US military for the smelliest weapon in the world

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How to use Chase Offers to earn discounts on purchases from retailers like Airbnb and Starbucks

Posted: 28 Jan 2020 09:51 AM PST

retail cyber online shopping gift card holiday black friday sale credit cardCrystal Cox/Business Insider

Chase offers some of the most popular rewards credit cards. Cards like the Sapphire Preferred, the Chase Sapphire Reserve, and the Chase Freedom give you numerous ways to earn valuable points, miles, and cash back.

If you have a Chase credit card, you should be aware of the Chase Offers program. It can be a powerful tool for earning additional cash back on your purchases with retailers and restaurants like Casper and Olive Garden.

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