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Tuesday, March 3, 2020

Business News, Updates

Business News, Updates


The Pentagon reportedly asked top military commanders for advance notice before they take action to protect troops from coronavirus

Posted: 03 Mar 2020 09:49 AM PST

Mark Esper Mark MilleyREUTERS/Amanda Voisard

  • Secretary of Defense Mark Esper has directed combatant commanders to provide advanced notice before taking action to protect troops from the coronavirus, The New York Times reported.
  • The directive is reportedly intended to ensure that the government is communicating in one voice on this pressing public health issue, as well as make sure that responses do not come as a surprise to the White House.
  • The US military has not been severely affected by the coronavirus so far, but military leaders have been taking increasingly drastic measures to protect US troops in impacted countries like South Korea.
  • Visit Business Insider's homepage for more stories.

As the deadly coronavirus that originated in Wuhan, China spreads, the US military is having to act quickly, especially in places like South Korea, Italy, and Japan, where thousands of US troops are based.

Secretary of Defense Mark Esper, however, has instructed combatant commanders not to make coronavirus response decisions without providing advanced notice to Pentagon leadership to ensure that their actions and messaging is consistent with that of the Trump administration and does not come as a surprise to the White House, The New York Times reported Monday, citing US officials.

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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4 vital sanitizing supplies to carry during the coronavirus outbreak, according to preppers

Posted: 03 Mar 2020 09:47 AM PST

covid 19 go bagGetty Images / Business Insider

  • The coronavirus is spreading rapidly around the globe, and the first case was detected in New York over the weekend.
  • On Sunday, a group of New York City preppers shared their tips for what to keep in an Every Day Carry, or "EDC" kit during the coronavirus outbreak.
  • Top preparedness items include wet wipes, alcohol prep pads, and a squeeze bottle of soap.
  • Visit Business Insider's homepage for more stories.

On the second floor of Our Saviour 's Atonement Lutheran church near the tip of upper Manhattan, sitting under colorful strings of un-illuminated Christmas lights, around a dozen New Yorkers came together on Sunday to discuss how to better prepare for the novel coronavirus.

It would be just hours later when New York would announce its first case of COVID-19, the viral illness caused by that virus. 

See the rest of the story at Business Insider

NOW WATCH: Pathologists debunk 13 coronavirus myths

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Surreal photos show houses encased in ice on the shores of Lake Erie, and they look like a scene out of the movie "Frozen"

Posted: 03 Mar 2020 09:42 AM PST

Ice Houses - Hoover Beach, Lake ErieJeffrey T. Barnes/AP

  • Waterfront properties on the shores of Lake Erie near Buffalo, New York, resemble ice sculptures in the wake of a two-day winter storm that began late last week.
  • Some residents reported waking up to dark houses due to the thickness of the ice covering their windows. 
  • Locals and some visitors have snapped photos of the surreal ice sculptures, prompting the local police department to remind the public that the houses are private property. 
  • While the ice formations are a sight to behold, residents are nervous about damage to their homes once the ice melts.
  • Visit Business Insider's homepage for more stories.

Hamburg — a suburb of Buffalo, New York, on the shores on Lake Erie — looks like a scene out of a storybook.

Late last week, a winter storm that resulted in strong winds and 18-foot-waves encased houses in Hamburg's Hoover Beach neighborhood in ice.

"Welcome to Narnia," local photographer John Kucko tweeted

While communities on the shores of Lake Erie are no strangers to winter storms, one Hoover Beach resident reported that she hasn't seen ice conditions this extreme in decades.

Here's a look at the sculpture-like frozen houses: 

Hoover Beach, a residential community on the shores of Lake Erie, is located 15 minutes south of Buffalo, New York.

Google Maps

Hoover Beach is part of Hamburg, a Buffalo suburb with 57,000 residents.

Source: Google Maps; US Census

 



Starting on Wednesday, high winds struck the neighborhood, causing waves to crash over roads.

Lindsay DeDario/Reuters

Source: The Weather Channel



By Friday morning, lakefront properties were coated in sheets of ice and adorned with icicles.

Jeffrey T. Barnes/AP

Strong winds "allowed water to be blown over the homes and freeze to trees and power lines located behind them," broadcast station WGRZ explained.

Source:
WGRZ

 




See the rest of the story at Business Insider

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SEE ALSO: Eerie photos show a massive Saharan sand storm blanketing the Canary Islands in orange dust

NOW READ: Fierce winds blew blocks of ice onto the shores of Lake Erie, creating 30-foot ice mountains

Princess Beatrice is engaged to the son of an Italian count. Here's everything we know about Edoardo Mapelli Mozzi, a property tycoon and single dad descended from aristocracy.

Posted: 03 Mar 2020 09:41 AM PST

Princess Beatrice Edoardo Mapelli Mozzi engagementPrincess Eugenie/Buckingham Palace

'Mrs.' won't be the only title Britain's Princess Beatrice will gain when she weds property developer Edoardo "Edo" Mapelli Mozzi on May 29. 

The elder princess of York will also inherit the Italian title of "Nobile Donna" or "Contessa" from Mozzi's father, Count Alessandro Mapelli Mozzi, Insider reported.

The couple announced their engagement in September, but Buckingham Palace took its time releasing the details of the ceremony following a slew of royal crises. In November, Beatrice's father Prince Andrew resigned from public life following months of public outrage and a disastrous interview with the BBC over his friendship with convicted sex offender Jeffrey Epstein prior to Epstein's death. In January, Beatrice's cousin Prince Harry and Meghan Markle spurred yet another crisis when they announced their intention to "step back" from their roles as senior royals and become financially independent.

Although it is not immediately clear whether these events directly impacted Beatrice and Edoardo's nuptials, British broadcasters have yet to pick up the rights to televise their wedding. The wedding of Beatrice's sister Princess Eugenie was aired by ITV in 2018.

Princess Beatrice is a granddaughter of Queen Elizabeth II and currently ninth in line for the throne, according to the BBC.

Representatives of the Royal family did not respond to Business Insider's request for comment on Mozzi's personal life, career, or relationship with Princess Beatrice in September.

Keep reading to learn more about the property tycoon who will soon be the newest royal spouse.

Edoardo "Edo" Mapelli Mozzi comes from a family of Italian aristocrats.

Peter Byrne/PA Images via Getty Images

Mozzi's father, Count Alessandro Mapelli Mozzi, is a former Olympic Alpine skier, the BBC reported. The Italian count competed for Britain in the 1972 Winter Olympics. Mozzi and Beatrice will inherit his title, making the pair a "Count" and "Contessa," Insider reported.

Mozzi's parents are divorced and his mother, Nikki Williams-Ellis (formerly Nikki Shale), subsequently married the late Conservative Parliamentarian Christopher Shale, according to the BBC.

Mozzi doesn't have a close relationship with his biological father and has called the late Shale "the only father I have ever known," according to Tatler. The Count has not even met Princess Beatrice.



Mozzi was a friend of the royal family long before he began dating Beatrice.

Frank Augstein/Pool via REUTERS

The Daily Mail reports that Mozzi's stepfather once employed Beatrice's mother, Sarah "Fergie" Ferguson, as a secretary at his PR firm long before she married Beatrice's father, Prince Andrew. Beatrice and her parents attended Shale's funeral in 2011, according to People.

"Our family has known Beatrice for most of her life," Mozzi's parents said in a statement after the engagement announcement. "Edo and Beatrice are made for each other, and their happiness and love for each other is there for all to see. They share an incredibly strong and united bond, their marriage will only strengthen what is already a wonderful relationship."



According to the New York Times, Mozzi founded London-based property development firm Banda in 2007, when he was just 23.

John Rainford/GC Images

"I don't think I am the average developer," he told the New York Times in an interview earlier this month. "I think what Banda does is unique. There is certainly no one else of my age doing things like this in London. I actually don't think anyone in London is doing a project that is as high a quality as this and at such a good price."

New York Times reporter Peter Wilson characterized Mozzi's business model as "creating carefully designed homes for wealthy clients in areas slightly outside the most prestigious and expensive parts of London and selling them to people who intend to live in them, rather than to investors."




See the rest of the story at Business Insider

See Also:

SEE ALSO: Here's where the royal family gets their money

DON'T MISS: 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

The US shouldn't support Turkey's reckless moves in Syria

Posted: 03 Mar 2020 09:39 AM PST

Turkish backed Syrian fighters fire a howitzer near the village of Neirab, in Idlib province, Syria, Monday, Feb. 24, 2020. (AP Photo/Ghaith Alsayed)Associated Press

  • Fighting in Syria is heating up again between Syrian government forces, backed by Russia, and NATO member Turkey and the fighters it backs.
  • The US needs to tread carefully, lest an alliance with Turkey drags it into a wider conflict it have absolutely no interest in, argues Defense Priorities fellow Willis Krumholz.
  • Visit Business Insider's homepage for more stories.

At least 33 Turkish soldiers were killed in Syria's Idlib province by an airstrike conducted by Syrian government forces, who are backed by Russia. Another 35 were injured in the attack. In response, Turkey launched strikes of its own against Syrian forces.

Amid this new wave of violence in Syria, the US maintains its military presence in Syria and is even considering supplying Turkey with Patriot missiles to bolster Turkey's military campaign. However, it would show much wisdom to withdraw US troops from harm's way and refuse to underwrite Ankara's reckless incursion into Syria.

See the rest of the story at Business Insider

NOW WATCH: Why Russia is so involved in the Syrian Civil War

See Also:

SEE ALSO: After decades of failure, the US must get out of the war in Afghanistan before one more American is killed

Amtrak's new CEO has a record of downplaying safety concerns that allegedly contributed to a fatal plane crash

Posted: 03 Mar 2020 09:37 AM PST

amazon prime airMark Makela/Reuters

  • Amtrak announced William J. Flynn will be its next CEO. He will start in April.
  • Flynn is currently CEO of Atlas Air Worldwide, a cargo and charter airline. Atlas also contracts with Amazon to operate some of its Amazon Air flights.
  • Pilots at Atlas have accused the company of relaxing training and hiring standards to meet Amazon's demand, leading to a fatal 2019 crash. Flynn denied the connection.
  • Visit Business Insider's homepage for more stories.

Amtrak said Monday that it hired William J. Flynn, former chief executive of cargo and charter airline Atlas Air, to be its next CEO.

Flynn will replace another former airline executive, Richard Andersen, who has run the railroad since leaving Delta Air Lines in 2017.

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: The DOJ is reportedly probing whether Boeing's chief pilot misled regulators over the 737 Max

These 5 factors are transforming the healthcare experience for both patients and doctors

Posted: 03 Mar 2020 09:32 AM PST

sh XL Version 1@2xbii

Want more Digital Health research? Here's how to get access:

  1. Sign up for Digital Health Pro, Business Insider Intelligence's expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of healthcare, delivered to your inbox 6x a week. >> Get Started
  2. Join thousands of top companies worldwide who trust Business Insider Intelligence for their competitive research needs. >> Inquire About Our Enterprise Memberships

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McDonald's is teaming up with Ford to recycle coffee residue into car parts

Posted: 03 Mar 2020 09:30 AM PST

mcdonalds coffee husksGetty Images / vlad_karavaev / Justin Sullivan / Ruqayyah Moynihan

  • Ford is looking to partner with McDonald's to recycle coffee chaff, the husk of coffee beans that peels off during roasting.
  • "By heating the chaff to high temperatures under low oxygen, mixing it with plastic and other additives and turning it into pellets, the material can be formed into various shapes," Ford told The Verge.
  • To start with, the chaff will be recycled and molded into headlamp housings for Ford products, which will produce lighter components and, in turn, improve the cars' efficiency.
  • Both companies want to carry on collaborating with one another for a more sustainable future.
  • Visit Business Insider's homepage for more stories.

What if there were a way we could somehow make use of the waste that's leftover after coffee beans are roasted? And what if we could use the waste to help reduce the environmental impact of the automotive industry?

It might sound ambitious but, at Ford, the idea of using coffee to reduce greenhouse gas emissions from cars is no laughing matter.

See the rest of the story at Business Insider

NOW WATCH: Why Lamborghini's new hybrid is bad for the environment

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SEE ALSO: Electric trucks like the Tesla Semi are 'pointless both economically and ecologically,' according to a vehicle-tech expert

How the laws & regulations affecting blockchain technology and cryptocurrencies, like Bitcoin, can impact its adoption

Posted: 03 Mar 2020 09:20 AM PST

Cryptocurrencies and blockchain have been around for a long time, but within the past decade they've propelled into mainstream acceptance and adoption — as not only alternative forms of payment for individuals but also time and cost savings for a multitude of enterprise applications.

Global Finance Execs' View Of Blockchain ChallengesBusiness Insider Intelligence

After the launch and success of cryptos like Bitcoin, Litecoin, Ethereum, and more, other cryptocurrencies soon followed — hundreds, in fact. The technology isn't merely limited to fintechs either; legacy financial services firms, such as Goldman Sachs and JPMorgan, and tech giants like Facebook have taken notice and begun developing their own cryptocurrencies in-house. 

See the rest of the story at Business Insider

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The 7 best credit cards for college students: Unsecured and secured options to help you build credit

Posted: 03 Mar 2020 09:19 AM PST

best credit cards for students 4x3Alyssa Powell/Business Insider

The best credit cards for students:

When it comes to credit cards, your options can feel almost too plentiful. Cash-back, travel rewards, and business options about, with great sign-up bonuses available on many of them. But for a college student or beginner with little to no credit, choices often dwindle down to just a handful of options. 

The good news is that some banks have taken notice and started tailoring some of their cards to better suit those who are just getting started with credit. Below, we'll walk you through some of the best options.

See the rest of the story at Business Insider

NOW WATCH: What it's like to ride the world's longest flight

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SEE ALSO: All our credit card reviews — from cash-back to travel rewards to business cards — in one place

Spanx has become synonymous with shapewear, but its bras are the company's hidden gems — here's why we love them

Posted: 03 Mar 2020 09:16 AM PST

  Spanx Bras

  • If you own anything from Spanx, it's probably shapewear — but we would argue that Spanx bras are just as noteworthy. 
  • Spanx uses soft material that's invisible under clothes, wide straps that stay put, and 3D technology for natural, glove-like cups.
  • Six women on the team tried everything from sports bras to full-coverage options, and we were unanimously impressed.
  • If you're looking for incredibly comfortable bras with more size variety, you should also check out ThirdLove

Like Kleenex, Velcro, Chapstick, and Scotch Tape, Spanx is such an authority in shapewear that its name has become synonymous with its product.  

However, the greater the fame of a product, the longer the shadow it seems to cast — and the superiority of Spanx's shapewear may be the reason for why few of us have ever ventured to try anything else from the brand. Like I once did, you probably view Spanx as a shapewear-dominant brand, and its additional products as filler. Shapewear, I used to believe, was Spanx's specialty. The rest of its styles couldn't be as exceptional. 

But I was wrong. After trying most of its products as part of my job as an Insider Picks reporter, I'm happy to admit that the company makes some of the best leggings, tights, and now bras in my closet — all of which I wear with greater regularity than its shapewear. 

Below, I asked five of my colleagues to test out Spanx bras for the first time and pass down judgment. You can find our thoughts below. 

If you want to get one for yourself, it's worth noting that Spanx has a risk-free try-on, with free returns on all its bras. And if you're looking for greater size variety (not Spanx's strong suit), you may want to check out ThirdLove. They make another one of our favorite bras, and they offer 70 sizes — including half cups. 

Here's what six women thought of each Spanx bra style we tried:

Bra-llelujah! Full-Coverage Bra

Spanx

Bra-llelujah! Full-Coverage Bra, $68-$70

Available in six colors and band sizes 32-40 and cup sizes A-DDD.

Most bra straps are super skinny, fall all over the place, and don't provide the requisite support without digging into your shoulders. Spanx's Bra-llelujah Full-Coverage Bra solves that particular problem with wide elastic straps that aren't adjustable, but somehow manage to stay in place, offer support, and feel incredibly comfortable.

As someone who regularly rails against bras and bralettes without adjustable straps, I was very impressed by how comfortable these straps felt and how well they stayed in place. They never shifted, fell, or dug into my skin. If I had to guess why these adjustable straps work, I'd say it's because they're made from a super elastic Lycra material that stretches and shapes to fit your body perfectly — no adjustment needed. I also liked the front closure and the texture of the material. This bra is so soft thanks to the hosiery fabric Spanx used and the seamless design of the back and the straps. — Malarie Gokey, Insider Reviews Deputy Editor



Undie-tectable Lightly Lined Demi

Spanx

Undie-tectable Lightly Lined Demi, $68

Available in four colors and band sizes 32-38 and cup sizes A-DD. 

Spanx's expertise at making shapewear that no one can tell you're wearing extends to its bras. My Spanx bra had a unique feeling of being a lot more tight and secure than it looked — my skin didn't squeeze out and my bra outline didn't show through my shirt.

The style is also pretty yet simple. I usually shy away from lacy numbers since they tend to be itchy and irritating, so I was surprised and impressed when I put this one on and felt ... nothing. It's the kind of bra that you put on in the morning and pretty much forget about until you have to take it off later. — Connie Chen, Insider Reviews senior reporter



Workout-to-Waves Sports Bra

Spanx

Workout-to-Waves Sports Bra, $58

Available in 3 colors and sizes XS-XL.

I think I might be in love with this bra. I've never felt so much comfort and support at the same time from a sports bra. Spanx advertises that the Workout-to-Waves sports bra is designed with "Back-smoothing and dig-free construction," and that's not a lie. It's so flattering across your back with its criss-cross elastic, and the front holds a nice shape as well — no matter how much you move around. I wore it while I ran, rode a bike, and slammed sandbags on the gym floor. The bra was perfect for all of my exercise needs, and can even be worn to swim in.

I felt so comfortable in this bra that I started wearing it when I wasn't even planning on working out. The straps are built like your average bra (that is to say they're adjustable), and the cups hold a nice supportive shape, so it's impossible to tell that this bra isn't your standard underwire pushup (which, come on, we all know are super uncomfortable). I'm a C cup so I don't need a ton of support, but I definitely need a decent amount. I would honestly market this bra as the only bra you'll ever need. — Francesca Rea, Insider Reviews content producer




See the rest of the story at Business Insider

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When is Black Friday 2020? On November 27 — here's what you need to know now

Posted: 03 Mar 2020 09:13 AM PST

 

 

black fridayEduardo Munoz Alvarez/Getty Images

  • Black Friday in 2020 falls on November 27, the day after Thanksgiving. However, expect retailers to start putting deals live as early as the first week of November.
  • Black Friday deals typically run through the weekend until Cyber Monday — this year will certainly bring a fresh wave of deals for that weekend.
  • If you want to save now, you can also check out our Deal of the Day and Insider Coupons pages for current discounts on a variety of products.

Every single year for decades, Black Friday has marked the beginning of the busiest shopping season of the year, when shoppers pursue their gift-shopping list with increased urgency.

See the rest of the story at Business Insider

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'Whatever it takes': Here's what 4 experts are saying about the Fed's surprise rate cut

Posted: 03 Mar 2020 09:07 AM PST

tradersGetty/Scott Olson

  • The Federal Reserve made a surprise cut to interest rates of 50 basis points on Tuesday in response to the growing coronavirus threat.
  • Experts welcomed the decision and predicted other central banks could follow suit.
  • However, they warned the Fed could be left short of options if coronavirus continues to hammer consumer demand and disrupt production and supply chains.
  • Visit Business Insider's homepage for more stories.

The Federal Reserve slashed interest rates by 50 basis points to between 1% and 1.25% on Tuesday in an effort to shore up the US economy against the growing threat of coronavirus. The central bank said the epidemic "poses evolving risks to economic activity" and the cut would help to maximize employment and stabilize prices.

Here's what four experts said immediately after the Fed made its move:

See the rest of the story at Business Insider

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Electric cars and self-driving tech have gotten off to a slow start but companies like Tesla, GM, and Waymo are betting that's about to change in a big way.

Posted: 03 Mar 2020 09:06 AM PST

electric cars, electric vehiclesJulian Stratenschulte/picture alliance via Getty Images

The automotive industry is beginning a period of great change, from gas-powered, human-driven vehicles, to electric, computer-operated ones. That transition took its first steps during the past decade, and is set to accelerate over the next 10 years.

During the 2010s, some companies and analysts expressed optimism about the potential for electrified and self-driving vehicles to take a significant role in global transportation by the early 2020s. 

See the rest of the story at Business Insider

NOW WATCH: Why Lamborghini's new hybrid is bad for the environment

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5 things that get cheaper when the Fed cuts interest rates

Posted: 03 Mar 2020 09:06 AM PST

car dealerREUTERS/Carlos Barria

On Tuesday, the Federal Reserve lowered the federal funds rate by 0.5%, meaning Americans are likely to see interest rates fall on everything from loans to credit cards. 

Greg McBride, chief analyst at Bankrate, told Business Insider following the Fed's rate cut in July that some interest rates are more closely tied to the Fed's fund rate than others. "When interest rates go down, consumers will typically see a similar decrease in credit card rates, home equity lines of credit, variable rate student loans, and small business loans," he says. Mortgages, however, won't see much of an effect, as they tend to move independently of the Fed's rate changes. 

Here are five things that should get cheaper with an interest rate cut from the Fed.

1. Starting or growing a small business

Getty Images

Those who are looking to take out small business loans will see lower rates thanks to the Fed's decision to cut rates. Business loans generally follow the federal funds rate and the prime rate, which Business Insider's Bob Bryan describes as "the interest rate used as a starting point for non-mortgage loans."

If your small business needs a little extra cash to get to the next level, lower interest rates will help make getting a small business loan more affordable. 



2. Paying off credit card debt (or consolidating it)

Matt Cardy/Getty

Interest rates on credit cards are closely tied to the prime rate, so you'll likely see decreases near .5% on interest rates.

Americans now owe about $930 billion in credit card debt, as Business Insider's Hillary Hoffower reports,  and Value Penguin estimates that the average American household has about $5,700 worth of credit card debt. With interest rates low, now is a good time to start dealing with it. 

With this decrease, there's an opportunity to pay off credit card debts at a lower interest rate, or consolidate debt and lock in that lower interest rate. 



3. Paying off variable rate student loans

Scott Olson/Getty Images

For those with variable rate, private student loans, they just got cheaper. Variable rate loans are closely tied to the Libor or prime rate, and with that decreasing, you'll likely pay less in interest. 

That said, it might also be a good time to refinance, and lock in a lower fixed rate on student loans. However, those who already have fixed rate student loans won't see any effects. 




See the rest of the story at Business Insider

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This is the 19-slide pitch deck two 22-year-olds used to nab $57 million in funding from Silicon Valley

Posted: 03 Mar 2020 09:05 AM PST

Technology is shattering legacy financial systems that can't keep pace with market demand — and Brex is at the forefront. It's one of fintechs buzziest startups, aiming to rebuild B2B financial products starting with corporate cards for technology companies.

BrexBrex

The company was quietly launched in 2017 by Henrique Dubugras and Pedro Franceschi, two 22-year-old engineers who previously founded Pagar.me, one of Brazil's largest payment processors.

See the rest of the story at Business Insider

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The business of transportation is evolving faster than ever, and the next 10 years will reveal the biggest changes yet. Here's everything you need to know

Posted: 03 Mar 2020 09:01 AM PST

cars, traffic, transportation, cyclists, bikesDavid L. Ryan/The Boston Globe via Getty Images

  • It has been more than a century since the first automobiles rolled off production lines in America and Europe. Since then, the transportation industry has experienced the natural ebbs and flows of business —the evolution of which has been swift and, at times, unruly.
  • In that span of time, carmakers have come and gone, technologies have emerged and fizzled, and companies have pivoted with ever-changing customer demands.
  • Along the way, the transportation business has expanded to meet new challenges and created sub-industries that encompass mass transit, shipping and logistics, space exploration, air travel, micro-mobility, manufacturing, and more. 
  • Business Insider's transportation team is following all of the latest developments in a new series called "On the Radar," a collection of stories, analysis, and interviews revealing exactly what you can expect as the transportation business undergoes its biggest reinvention over the next 10 years. You can read all of our On the Radar coverage on Prime.

More than 100 years since the first automobiles were produced in America and Europe, the business of transportation has experienced rapid change.

Along the way, the transportation business has also expanded to meet new challenges and created sub-industries that seek to reinvent everything from mass transit to shipping and logistics, space exploration, airline travel, micro-mobility, manufacturing, and more.

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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Okta is cancelling its annual conference and turning it into a virtual event due to concerns over coronavirus

Posted: 03 Mar 2020 09:00 AM PST

Okta Todd McKinnonOkta. Used by permission.

  • Okta is the latest tech company to cancel its upcoming conference and turn it into a virtual event due to health concerns over coronavirus. 
  • Oktane, which was to be held in San Francisco, usually gets thousands of attendees each year.
  • The online only event will be free to anyone who wants to attend, and Okta said attendees who have already registered will get a full refund. It's scheduled for March 30 to April 2.
  • Its the latest in a series of tech conferences getting canceled over concerns about coronavirus.

Okta is the latest tech company to cancel its upcoming conference and turn it into a virtual event amid worries over the coronavirus-linked disease, COVID-19.

The security and identity management company said it will make its annual Oktane conference for IT professionals, product leaders, and developers an online only event because its the best way to "safely engage with our whole community." The event usually has around 6,000 attendees.

See the rest of the story at Business Insider

NOW WATCH: 62 new emoji and emoji variations were just finalized, including a bubble tea emoji and a transgender flag. Here's how everyday people submit their own emoji.

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Stocks tumble as the Fed's unexpected rate cut fails to calm investor nerves over a slowing economy

Posted: 03 Mar 2020 08:59 AM PST

NYSE TradersBrendan McDermid/Reuters

  • Stocks slipped from initial gains on Tuesday after the Federal Reserve's emergency rate cut failed to soothe investors' worries.
  • The 50-basis-point adjustment is the first cut to arrive between Federal Open Market Committee meetings since the 2008 financial crisis.
  • All major US indexes surged higher in the minutes following the announcement before reversing their gains and tumbling more than 1%
  • Stocks remain well below their record highs as coronavirus uncertainty continues to stifle risk-asset valuations. The outbreak has so far killed more than 3,000 people and infected more than 90,000.
  • Visit Business Insider's homepage for more stories

Stocks slipped on Tuesday after the Federal Reserve's 50 basis point rate cut failed to ease investors' fears of a coronavirus-rattled economy.

The central bank lowered the federal-funds rate to a range of 1% to 1.25%, delivering an unexpected cut in between Federal Open Market Committee meetings. The cut is the first emergency adjustment since the 2008 financial crisis.

See the rest of the story at Business Insider

NOW WATCH: How groundhogs became the animal that predicted the weather

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This air purifier clears my house of odors, vape clouds, and dust mites while barely making any noise

Posted: 03 Mar 2020 08:55 AM PST

  RabbitAir purifier

  • A high-quality air purifier should be virtually silent and help remove almost all of your indoor air pollution.
  • I like the RabbitAir BioGS 2.0 Ultra Quiet HEPA Air Purifier because there are three automatic modes that adjust the fan speed based on the levels of irritants present as well as four purification stages. It also helps that it looks nice in our bedroom.
  • Though it's one of the most expensive alternatives available (currently $399.95 on Amazon), RabbitAir backs it with a lifetime of 24/7 technical support and a five-year warranty.
  • See more: The best air purifiers
Product Embed:
Product Name: RabbitAir BioGS 2.0 Ultra Quiet HEPA Air Purifier
Card Type: small
https://produktor.businessinsider.com/productCardService?id=5e5e70eefee23d108172b352&type=small&live=true
Width: 100%
Height: 150%

 

My house has a lot of indoor air pollutants. We have two cats to which I'm allergic. My wife likes to vape inside. And, since our house is old and lacks a ventilation system, there is an array of other irritants that don't have an easy exit route.

See the rest of the story at Business Insider

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