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Monday, March 9, 2020

Business News, Updates

Business News, Updates


The 18 coolest cars that were supposed to debut at the Geneva International Motor Show, which was canceled due to coronavirus concerns

Posted: 09 Mar 2020 09:40 AM PDT

BMW Concept i4BMW

  • The Geneva International Motor Show was canceled last week amid coronavirus concerns, but carmakers still showed off their latest and greatest ideas one way or another. 
  • Plenty of further-out electric-vehicle concepts were unveiled, including the Hyundai Prophecy, the Renault Morphoz, and the Polestar Precept. 
  • Among the production or near-production EVs revealed were the Citroën Ami, the Fiat 500, and the BMW i4. 
  • Some massively powerful and pricey supercars also debuted, including the Koenigsegg Gemera, the Bugatti Chiron Pur Sport, and the Bentley Mulliner Bacalar. 
  • Visit Business Insider's homepage for more stories.

The Geneva International Motor Show may have been called off due to coronavirus concerns, but that didn't stop the new-car debuts. The show must go on, after all — even without the show itself. 

The Geneva event, which is one of the most important car shows of the year and was scheduled for last week, was canceled at the last minute after the Swiss government banned gatherings of more than 1,000 people, prompting car companies to reveal their latest and greatest creations by other means. Some manufacturers opted for online livestreams, while others issued photos and press releases.

Although everything didn't quite go as planned, there were still plenty of new concept cars and production models to gawk at over the last couple of weeks.

From compact cars to supercars, SUVs to sedans, and EVs to gas guzzlers, here are some of the coolest cars that were supposed to be on display at the Geneva Motor Show, but instead got their spotlight elsewhere. 

Bugatti Chiron Pur Sport

Bugatti

The Chiron Pur Sport is Bugatti's answer to customers who asked for a handling-focused car that's not built solely for top speed. It's lighter and stiffer than the standard Chiron, and a gargantuan, six-foot wing in the back keeps the car firmly planted when ripping around corners. 

Bugatti only plans to make 60 models, and each one will cost $3.3 million.



Volkswagen Golf GTI

Volkswagen

A new Volkswagen GTI is enough to make any car nerd's day. In anticipation of the motor show, the eighth generation of VW's legendary hot hatch debuted with 245 horsepower for European models and a new design.

Volkswagen also took the wraps off of the GTI's latest diesel and hybrid siblings — the GTD and GTE — but, unfortunately, those models aren't destined for the US market



Hyundai Prophecy

Hyundai

Hyundai unveiled a sleek electric concept car on March 3 that looks like a mashup between a Porsche 911 and a Tesla Model 3. Inside, the Prophecy sports a pair of joysticks instead of a conventional steering wheel, since, theoretically, the driver is meant to kick back while an autonomous driving system chauffeurs them around. 




See the rest of the story at Business Insider

See Also:

How to keep your relationship intact if you're forced to work from home because of the coronavirus outbreak

Posted: 09 Mar 2020 09:39 AM PDT

Family working from homeLeszek Glasner/Shutterstock

  • Amid the outbreak of the novel coronavirus, several large companies, including Apple, Google, Twitter, and LinkedIn are asking some of their employees to work remotely. 
  • Many more workers worldwide report working from home as a precautionary measure.  
  • Working from home can impact's one relationship in a few major ways, relationship coaches and those who work remotely regularly told Business Insider.
  • The main benefit is having more time to see your partner, relationship and love coaches say. But there's also room for problems like miscommunication over who does chores or fights over disruptions such as noises.   
  • To avoid problems, and to get a boost to your love life from a remote job, follow a few steps, such as establishing who will do what chores and scheduling in date time. 
  • Click here for more BI Prime content.

The outbreak of novel coronavirus, which causes a disease known as COVID-19, has compelled thousands of workers worldwide to work remotely. Those under quarantine, and those well enough to sign on, have had no choice but to work from home. Several large companies including Google, Twitter, Apple, and LinkedIn have asked some of their branches to work remotely for days or weeks. Many more businesses are encouraging remote work as a precautionary measure. 

There's no doubt that working from home is a big change to one's personal and professional life. When it comes to one's relationship, is it positive or negative? 

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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SEE ALSO: Working from home can be very stressful. Here are 11 tricks to help you be less anxious and more productive.

Future of Fintech: Funding's New Guard

Posted: 09 Mar 2020 09:32 AM PDT

Over the last decade, fintech has established itself as a fundamental part of the world’s financial services ecosystem.

Today, fintech financing is surging across the globe, despite major banks remaining cautious about acquisitions.

Instead, three emerging trends are fueling the current fintech boom: new geographical fintech centers, more late-stage mega-rounds, and the rise of fintech-focused venture firms.

See the rest of the story at Business Insider

NOW WATCH: WeWork went from a $47 billion valuation to a failed IPO. Here's how the company makes money.

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The city of San Francisco has banned non-essential events with 50 or more people held in city-owned facilities for 2 weeks

Posted: 09 Mar 2020 09:30 AM PDT

san francisco transbay terminal salesforce transit center 111Katie Canales/Business Insider

  • San Francisco is banning large events for two weeks amid the coronavirus outbreak.
  • Events involving 50 people or more in city-owned facilities will be banned until March 20.
  • The order comes as two confirmed cases of the virus have been found in the city.
  • Visit Business Insider's homepage for more stories.

The city of San Francisco has banned non-essential group events held in city-owned facilities for two weeks as concerns of the coronavirus disease continue to rise.

The order went into effect on Saturday as the city attempts to contain the virus-spread disease, known as COVID-19, and will end on March 20.

A "non-essential group event" is defined as a gathering of 50 people for social, cultural, or entertainment events "where people are not separated by physical space of at least four feet," or about arm's length, according to NBC Bay Area.

The facilities implicated by the order include City Hall, the San Francisco Public Library, the Palace of Fine Arts Theatre, and Moscone Center, a venue in the city's SOMA district where many tech conferences are usually held. Symphony events and ballet performances are among the events being canceled, and the city's upcoming St. Patrick's Day Parade has been postponed

While events are being canceled, these venues are still allowed to remain open.

The order comes as two cases of the coronavirus were confirmed in the city.

Justin Sullivan/Getty Images

The cases are likely the result of community spread or transmission — neither of the patients traveled to countries known for virus outbreaks — and authorities say the virus is now likely being transmitted throughout the city.

The San Francisco Department of Public Health also announced that there are six "presumptive" cases of the virus in the city, with all six patients isolated in their homes and in "good condition."



Offices are closing temporarily and companies are asking employees to work from home in an attempt to contain the disease.

Justin Sullivan/Getty Images

The city of San Francisco declared a state of emergency on February 25 to prepare for a potential outbreak.

Source: Business Insider



The city's tech conferences are also being canceled.

Jane Tyska/MediaNews Group/The Mercury News via Getty Images

Many of them were planned to take place at the city's Moscone Center, one of the city-owned facilities affected by the order banning large-scale events.




See the rest of the story at Business Insider

See Also:

SEE ALSO: Tech companies have canceled 12 high-profile conferences so far, causing an estimated economic loss of $1 billion amid coronavirus concerns. Here's the full list.

The Apple Watch is getting a new health-tracking feature that Fitbit quietly added to some products earlier this year, report says (AAPL)

Posted: 09 Mar 2020 09:26 AM PDT

time smart tech apple watch series 5 cox 14Crystal Cox/Business Insider

  • Apple is reportedly preparing to add a new feature to the Apple Watch that would measure blood-oxygen saturation levels, according to 9to5Mac.
  • Fitbit launched a similar feature for its Versa smartwatches and its Charge 3 wristband earlier this year.
  • If Apple does add such a capability to the Apple Watch, it would signal yet another move by the company to make its smartwatch a more comprehensive health-tracking tool.
  • Apple is also rumored to be developing sleep-tracking capabilities for the Apple Watch. 
  • Visit Business Insider's homepage for more stories.

The Apple Watch may soon be capable of measuring blood-oxygen levels, a feature that Fitbit rolled out to certain devices earlier this year, according to 9to5Mac. The blog said said it found references to this capability in the code for iOS 14, which is believed to be Apple's next major iPhone software update.

The feature would notify Apple Watch wearers when their blood-oxygen saturation falls below a certain level, the report says. It's unclear if this feature would require new hardware that may only be available in Apple's next smartwatch model, which is believed to be called the Apple Watch Series 6, or if it will be available for older editions as well. Blood-oxygen-level notifications will look similar to the heart-rate alerts currently found on the Apple Watch, according to 9to5Mac.

See the rest of the story at Business Insider

NOW WATCH: Watch Google reveal the new Nest Mini, which is an updated Home Mini

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SEE ALSO: 10 features Samsung's Galaxy S20 phones have that Apple's latest iPhones are missing

I'm a financial planner, and I have a simple guideline to figure out who needs disability insurance

Posted: 09 Mar 2020 09:24 AM PDT

disability insurance who should haveGaudiLab/Shutterstock.com

 

I'll be honest with you: I don't love most insurance.

Insurance policies can be extremely expensive, and they all represent something you might need to have but hope never to use — because if you need it, something probably went wrong.

See the rest of the story at Business Insider

NOW WATCH: People are still debating the pink or grey sneaker, 2 years after it went viral. Here's the real color explained.

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The best hand sanitizers

Posted: 09 Mar 2020 09:24 AM PDT

  • The Centers for Disease Control and Prevention (CDC) recommend hand washing as one of the most effective ways to protect yourself from communicable diseases, but if that's not an option, using hand sanitizer that contains at least 60% alcohol is a good alternative.
  • Here are the most effective hand sanitizers including Purell, Equate, and Pharma C.
  • This article was medically reviewed by Tania Elliott, MD, who specializes in infectious diseases related to allergies and immunology for internal medicine at NYU Langone Health
  • Due to fears of the new coronavirus, many of these products are quickly selling out or appearing at prices well above market retail. We're doing our best to keep this guide updated with in-stock purchase links.
  • Read more: The best hand soaps

Commonly touched surfaces like door handles, shopping carts, phones, faucets, remote controls, and more harbor billions of potentially harmful microbes. This can be amplified during cold and flu season and viral outbreaks, making clean hands even more essential. 

To help kill all those microbes, the Centers for Disease Control and Prevention (CDC) recommend washing your hands with soap and water several times a day, spending at least 20 seconds lathering your hands, including the back of your hands as well as underneath your fingernails. We have a buying guide to the best hand soaps here, but it goes beyond the proper soap — 97% of people aren't washing their hands effectively. Here's a great how-to as well as a list of songs you can sing besides "Happy Birthday" to hit the 20-second threshold. 

But if you're in a situation where you can't easily wash your hands, then hand sanitizers are a viable option. 

The key to making these microbes inactive is to use a sanitizer that contains at least 60% alcohol. Alcohol-free sanitizers that rely on other ingredients are not effective in killing the type of germs that can cause norovirus and coronavirus.

It's also essential to use hand sanitizer correctly. Use at least a quarter-sized dollop of the sanitizer or enough to completely cover your hands each time. Rub it in well until your hands are dry — don't wipe it off. If your hands are greasy or heavily soiled, sanitizer alone will not be effective. Dr. Tania Elliott suggests wiping your hands off with a paper towel or rinsing with water if that's available before doing a double application of hand sanitizer. This helps it penetrate the grime so the sanitizer can be effective.

Due to fears of the new coronavirus, many of these products are quickly selling out or appearing at prices well above market retail. We're doing our best to keep this guide updated with in-stock purchase links.

Here are the best hand sanitizers you can buy:

Updated 3/9/20: Prices and links are accurate as of 3/9/20.

The best hand sanitizer overall

Office Depot

Purell Advanced Aloe Scent Hand Sanitizer contains 70% ethyl alcohol and is 99.9% effective in killing germs to help protect your hands.

Purell, a leading brand in hand sanitizing products, is used in many hospitals and medical clinics. This Purell gel formulation contains 70% ethyl alcohol as well as aloe, vitamin E, and other moisturizers to prevent excessive drying of the skin on our hands.

The high level of alcohol kills germs quickly and the solution is 99.9% effective in killing the contagious microbes. The formula is free of parabens, phthalates, and preservatives that can cause skin irritation.  

I have sensitive skin and find that it does not cause excessive drying or result in itching or redness after use.

According to the price-tracking site CamelCamelCamel, this 4-pack cost a little under $7 in August 2017 and $17 at the end of January 2020 on Amazon. Due to news of the novel coronavirus, items fulfilled by Amazon have sold out and the prices for products fulfilled by third-party sellers have gone up significantly — the highest price as of publishing time for this item is $120. Stock is low at many online stores, including Office Depot where it's currently sold out, but you can put yourself on a waitlist to be notified when it's back. A 3-pack is currently available at Walmart for a little under $13, which is more expensive than expected but not outrageously so. 

Pros: Contains 70% ethyl alcohol, 99.9% effective in killing germs, contains moisturizing ingredients, light aloe scent, available in a pump bottle

Cons: More expensive than other sanitizers



The best hand sanitizing wipes

Walmart

Pharma C Alcohol Wipes are large enough to thoroughly sanitize your hands with 70% isopropyl alcohol.

If you have ever had a flu shot, your arm was wiped down with a small alcohol wipe to remove bacteria from your skin. Pharma C Alcohol Wipes are a larger version that can sanitize your hands.

Measuring around 5.5 x 7 inches, the woven wipe is saturated with a 70% isopropyl alcohol and purified water solution. Presented in a canister with a pop-up lid, the wipes will stay moist if the lid is closed tightly.

I feel very confident when using these wipes that my hands are as germ-free as they can be. The big downside is that alcohol alone with no other buffers can be very drying to skin.

The usual price for this looks to be around $20 on Walmart, which is one of the more reputable sites that still have these wipes. However, due to news of the novel coronavirus, the price has gone up significantly and stock is low at Walmart.

Pros: Wipes contain 70% isopropyl alcohol, resealable canister, made in the USA

Cons: Very drying to the skin, strong alcohol odor



The best non-alcohol sanitizer wipes

Office Depot

While not as effective as an alcohol-based sanitizer, Purell Fresh Scent Sanitizing Wipes can help kill germs while still being gentle enough to use on your face.

If alcohol-based sanitizers are too harsh and drying, Purell Fresh Scent Sanitizing Wipes can help kill common germs until you can get to a sink for handwashing.

I have a two-year-old grandson and he loves to share every germ he picks up as he explores the world. It just isn't always convenient to wash his hands after he touches every surface in every store or play area, and alcohol-based wipes or gels can be rough on his skin. That's why I keep a resealable pack of Purell wipes with us to clean his hands and face until we can do a more thorough job with soap and water later. 

The wipes measure 6 x 7-inch and have been tested by dermatologists. They contain moisturizers but no dyes, parabens phthalates, or alcohol so they won't wreck delicate skin. The solution instead contains benzalkonium chloride, an antimicrobial that kills most common germs that may cause illness. However, the CDC still recommends alcohol-based wipes as they're more effective.

The sub-$5 price is about right for the product, but it's currently out of stock for delivery on Office Depot as well as most other online stores, including Amazon, due to news of the novel coronavirus. It's limited to 12 cans of wipes per person, and you can put yourself on a waitlist to be notified when it's back. You might be able to find the wipes online at Target stores, but you'd have to confirm whether the items can be shipped to your zip code. 

Pros: Antimicrobial, no harsh ingredients, the package is resealable

Cons: Not as effective as an alcohol wipe




See the rest of the story at Business Insider

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POLL: Biden shattered Bernie's momentum, with skeptical Democrats increasingly satisfied with Biden as nominee

Posted: 09 Mar 2020 09:23 AM PDT

bernie sanders joe biden elizabeth warrenMike Blake/Reuters

  • Former Vice President Joe Biden is surging in polls, seeing his highest satisfaction numbers among Democratic voters this entire cycle.
  • Simultaneously, voters have sharply soured on Sen. Bernie Sanders. He's seen a dip coinciding with Biden's rise.
  • From Feb. 20 to March 6, Biden's satisfaction popped from 47% to 61%, according to Insider's recurring national SurveyMonkey audience poll.
  • Bernie's satisfaction dropped from 63% to 54%.
  • Visit Business Insider's homepage for more stories.

After months of questions looming over his campaign as a vulnerable front runner, former Vice President Joe Biden is enjoying his highest satisfaction numbers among likely Democratic primary voters polled by Insider.

Biden's surge has taken the wind out of Sen. Bernie Sanders' sails, with the 2016 runner-up having enjoyed consistent momentum ever since recovering from his heart attack in early October.

See the rest of the story at Business Insider

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New York and New Jersey's airport boss has the coronavirus

Posted: 09 Mar 2020 09:23 AM PDT

Rick Cotton Port AuthorityBebeto Matthews/AP

  • The head of the Port Authority of New York and New Jersey, who oversees New York's busy international airports, was diagnosed with COVID-19.
  • Rick Cotton has reportedly been visiting local airports over the past weeks to oversee coronavirus screening procedures.
  • New York Gov. Andrew Cuomo confirmed the diagnosis on Monday, and said Cotton would work from home.
  • Visit Business Insider's homepage for more stories.

The head of the Port Authority of New York and New Jersey (PANYNJ) was diagnosed with COVID-19.

New York's governor, Andrew Cuomo, confirmed the diagnosis to reporters on Monday.

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: What you need to know about changing or canceling your travel plans because of the coronavirus, as outbreaks spread to every continent except Antarctica

The best online deals and sales happening now

Posted: 09 Mar 2020 09:23 AM PDT

  best online sales deals

We rounded up the 12 best sales and deals happening online today, with savings on audio equipment at JBL, sneakers and sportswear at Nike, outdoor gear at REI, Gravity Blankets, and more. 

Deals in this story are subject to change throughout the day. The prices listed reflect the deal at the time of publication. For even more deals and savings across the web, check out Business Insider Coupons.

The best sales and deals happening today at a glance:

Additional Business Insider-exclusive deals and longer-term sales going on now:

Find the details of each sale below:

1. Save up to 50% on speakers and audio equipment at JBL

JBL

Shop the JBL sale now

As the college basketball season heats up, JBL is having a big March Madness sale on home audio equipment. For a limited time, you can save up to 50% on soundbars, surround sound systems, and other devices like Bluetooth speakers. Whether you're upgrading your home audio setup to watch sports or your favorite movies, you'll get great deals here.



2. Save an extra 30% on sale styles at Nike

Nike

Shop the Nike sale now

If you're looking for a new pair of sneakers for performance or style, you'll want to shop Nike's current flash sale. Now through March 10, you can save an extra 30% on sale styles by using the promo code "POWERUP" at checkout. You'll find popular styles like the Air Force 1, Air Huarache, Air Max 270, LeBron 17, and more. 



3. Save up to 50% on sale items, plus an extra 25% off at REI*

REI

Shop the REI sale now

As the spring season nears, adventures are beginning to head back outdoors, and REI has a huge selection of sale items to help you gear up. Now through March 9, you can save up to 50% on sale styles, plus an extra 25% off. The sale includes top brands like Patagonia, The North Face, Mammut, REI Co-op, Arc'teryx, and more. Whether you're looking for a windbreaker and hiking boots or a tent and a sleeping bag, you'll find it on sale here.

This slide includes Sponsored Products that have been suggested by REI and that also meet our editorial criteria in terms of quality and value.*




See the rest of the story at Business Insider

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Wall Street expects the Fed to slash rates to 0% as coronavirus spreads

Posted: 09 Mar 2020 09:22 AM PDT

FILE - In this Dec. 11, 2019, file photo a television screen on the floor of the New York Stock Exchange shows Federal Reserve Board Chair Jerome Powell's Washington news conference. The Federal Reserve approved a proposal Thursday, Jan. 30, 2020, to loosen a financial-crisis era rule that prevents banks from investing in venture capital funds. (AP Photo/Richard Drew, File)Associated Press

  • Wall Street is increasingly expecting the Federal Reserve to slash borrowing costs to zero amid the coronavirus outbreak. 
  • Interest rates futures traders are pricing in a roughly 51% probability that interest rates will hit the zero lower bound by April.
  • The sharp rise in rate cut expectations came as COVID-19 sparked fears about a potential downturn in the largest economy. 
  • Visit Business Insider's homepage for more stories.

As the coronavirus outbreak raises alarm about the US economy, Wall Street is increasingly expecting the Federal Reserve to slash borrowing costs to zero. 

Interest rates futures traders are pricing in a roughly 51% probability that interest rates will hit the zero lower bound by April, the closely-monitored FedWatch tool from CME Group indicated early Monday. 

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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SEE ALSO: White House officials are discussing paid sick leave and other ways to shelter the coronavirus-hit US economy

19 mistakes by public health officials and ordinary people that helped spread the coronavirus around the world

Posted: 09 Mar 2020 09:21 AM PDT

Italy coronavirusIvan Romano/Getty Images

  • Since the coronavirus first emerged from Wuhan, China in December 2019, it has spread to more than 100 countries and infected thousands of people.
  • Cruise ships, hotels, and individuals have been put into quarantine in an effort to contain the virus.
  • However, several times and in several countries the official containment measures have been breached.
  • Given the rapid spread of the virus, it is hard to know which mistakes are inconsequential, and which could lead to many more infections.
  • Visit Business Insider's homepage for more stories.

This week the coronavirus started to spread rapidly outside of China, ravaging markets and establishing itself as a global threat.

At the time of writing, more than 110,000 people have been infected in at least 100 countries. Nearly 3,900 people have died from the illness, mostly in China. Experts say we are on the brink of a pandemic. (For the latest numbers, see Business Insider's live updates here.)

Various companies, governments, and health authorities have put into place sweeping measures to stop the virus spreading, like bans on travel, quarantines, or canceling events.

However — such measures rely on strictly following protocols. Whether through complacency, miscommunication, or incompetence, that has not always happened.

Here is a list of all the times something slipped through the net.

A disclaimer: Much is still unknown about the virus and exactly how it spreads. A single breach could lead to millions of extra infections, or zero. Many scientists think containment — even if perfectly executed — is ultimately futile.

The outbreak began in December 2019, and at first scientists did not realize what a disaster the new disease would be. During this period, Chinese officials discouraged "rumors" of a new virus, and punished a doctor who tried to spread word of it.

AP Photo

Source: CNN



The doctor, Li Wenliang, later died fighting the outbreak in Wuhan.

Associated Press

Chinese social media was filled with outpourings of grief and anger after Li's death, with many posts featuring the hashtag "We want freedom of speech", according to Business Insider's Sinéad Baker.



Complacency more broadly was a problem. Officials in Wuhan were slow to realise the severity of the outbreak, which came ahead of a travel rush at Lunar New Year. By the time the city was put on lockdown, many cases had been recorded elsewhere in China.

Feature China/Barcroft Media via Getty Images

As it became clear how serious the outbreak was, China's central government fired officials in Wuhan and took the unusual step of publicly admitting its mistake.

The admission came from the Politburo Standing Committee, the most powerful body of the Chinese Communist Party, Business Insider's Lauren Frias reported.

In an official record of the meeting, published by Xinhua news agency, the committee said that the epidemic had exposed problems in its emergency management, which it promised to improve.

Source: Business Insider




See the rest of the story at Business Insider

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SEE ALSO: See inside Zhengzhou, the Chinese city shut down by the coronavirus where the world's largest iPhone factory is trying to attract workers with $1,000 bonuses

Energy stocks absorb 17% single-day plunge, hitting lowest level since 2004

Posted: 09 Mar 2020 09:17 AM PDT

Chad ExxonAP/Susan Linnee

  • The S&P 500 Energy Sector fell 17% Monday to its lowest level in 14 years.
  • An oil price war over the weekend sent the commodity tumbling and sparked an energy-sector sell-off amid broader market panic about the coronavirus outbreak. 
  • Exxon Mobil fell to its lowest in 11 years on Monday, while shares of Saudi Aramco fell below their December IPO price for the first time ever on Sunday. 
  • Read more on Business Insider

Energy stocks were hit hard Monday as an oil price war escalated and markets continued to sell-off amid concern over the coronavirus outbreak. 

The S&P 500 Energy Sector fell 17% Monday, hitting the lowest level since September 2004, after a market-wide tailspin set off by continued panic over the coronavirus outbreak and an oil price war started by OPEC and Russia. 

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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New York's governor just announced the state is making its own hand sanitizer produced by prison inmates. The goal is to create 10,000 gallons of the free hand sanitizer a week.

Posted: 09 Mar 2020 09:14 AM PDT

Andrew Cuomo

  • New York State announced it will produce 100,000 gallons of its own hand sanitizer for schools, prisons, and government agencies.
  • The production of the hand sanitizer comes in response to shortages in local government and state facilities.
  • The hand sanitizer, which will be given away for free to eligible institutions, is being made for $6 a gallon at Great Meadow Correctional Facility in Washington County.
  • Visit Business Insider's homepage for more stories.

New York governor Andrew Cuomo announced on Monday during a press conference that the state will start producing 100,000 gallons of hand sanitizer a week to be given away to schools, prisons, and government agencies.

The product, which is being made for $6 a gallon at Great Meadow Correctional Facility in Washington County, is being created in response to local government citing a medical supply shortage and trouble acquiring hand sanitizer.

See the rest of the story at Business Insider

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A top Chinese official called for 'gratitude education' in order to teach citizens to properly thank the government for fighting the coronavirus

Posted: 09 Mar 2020 09:12 AM PDT

Coronavirus mask Wuhan ChinaGetty

  • Wuhan party secretary Wang Zhonglin called for "gratitude education" so that citizens could properly thank the Chinese communist party for its efforts to combat the coronavirus.
  • Wang's statements drew swift backlash from Chinese citizens, some of whom previously criticized the government for the lack of freedom of speech in the midst of the coronavirus outbreak. 
  • Wang's remarks inspired so much anger that Chinese state media have been instructed not to publish the original articles, its comments, or mention the incident at all.
  • The incident is just one of many incidents in which the Chinese government's efforts to control the narrative around the coronavirus have backfired. 
  • Visit Business Insider's homepage for more stories.

A top party official in Wuhan is experiencing a backlash after calling for "gratitude education" so that Chinese citizens could properly thank the Communist party for its efforts battling the coronavirus.

Wuhan party secretary Wang Zhonglin made remarks in a state media newspaper saying that Wuhan — where the international outbreak originated — should lead the country in showing gratitude for the Chinese government's response to the virus, the Guardian reported. 

See the rest of the story at Business Insider

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A passenger on the quarantined Grand Princess cruise said people were fighting over 'rotten' food

Posted: 09 Mar 2020 09:12 AM PDT

Grand PrincessCalifornia National Guard via AP

  • The Grand Princess cruise ship has 21 passengers who have tested positive for the coronavirus. 
  • The ship is planned to dock in Oakland on Monday to let Americans off. 
  • One Brit told the BBC that people are fighting over rotten food on the ship. 
  • Visit Business Insider's homepage for more stories.

A 77-year-old woman on the coronavirus-stricken cruise ship, the Grand Princess, said that passengers have been fighting over rotten food. 

Margaret Bartlett told the BBC that she's been confined to her cabin, which has no balcony. There are 21 people who have tested positive for the coronavirus on the ship, which is due to dock Monday in Oakland, California. 

See the rest of the story at Business Insider

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Artists created a video chat service to connect lonely people quarantined during the coronavirus outbreak

Posted: 09 Mar 2020 09:12 AM PDT

QuarantineChatQuarantineChat

  • Artists Danielle Baskin and Max Hawkins created QuarantineChat, a video chat service designed to connect people living in coronavirus quarantine zones and others just looking to talk to people.
  • The app is run through Dialup — a video chat service Baskin and Hawkins created in 2019 when Baskin was quarantined with mono, and felt very lonely. 
  • As anxiety about the coronavirus spreads, Baskin and Hawkins told Insider they wanted to provide a service to help people build community in spite of it.
  • "It's to bring magic and serendipity to a new reality where thousands of people are stuck inside alone for the next month all over the world," Baskin and Hawkins told Insider in an email. 
  • Visit Insider's homepage for more stories.

As more people are self-quarantining to protect themselves from the global spread of coronavirus, artists Danielle Baskin and Max Hawkins have come up with a possible solution to the isolation.

The duo recently released QuarantineChat, a video chat service that allows users to connect with other people around the world who may be in coronavirus quarantines, whether they are mandated by their government or self-imposed. 

See the rest of the story at Business Insider

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7 of the most prominent luxury fashion houses led by women

Posted: 09 Mar 2020 09:10 AM PDT

Miuccia Prada RunwayPascal Le Segretain/Getty Images

While many of the top luxury fashion houses are led by men, some of the most renowned are helmed by women who have helped to redefine their respective labels for the modern era. 

For example, Silvia Venturini Fendi, who has been at her family's namesake label since 1994, is best known for designing Fendi's iconic baguette bag, which currently retails for up to $9,000. After the passing of Karl Lagerfeld last year, Venturini Fendi took over as creative director of the entire brand, and is currently the only Fendi family member still working for the company.

Then, there's Claire Waight Keller, who, just months after being appointed creative director of Givenchy in 2017, made headlines when she was tapped to design Meghan Markle's dress for her wedding to Prince Harry. Similarly, Sarah Burton, who took over Alexander McQueen after the passing of its eponymous founder in 2010, became globally known after designing Kate Middleton's dress for her 2011 wedding to Prince William. 

But among the relatively few women who lead these top luxury houses, none might be as notable as Miuccia Prada, who has been leading her family's namesake company since 1978. She made waves this past month after announcing that designer Raf Simons would serve as co-creative director going forward, a move that Business Insider previously reported could change the landscape of the fashion industry.  

Keep reading to learn more about some of the women who are leading top luxury fashion houses, listed in order of the year they were appointed to their positions, from the earliest to the most recent.

Prada — Miuccia Prada

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Miuccia Prada has been leading Prada since she first took control of the company in 1978; the label was founded by her grandfather in 1913 as a leather goods company, Business Insider previously reported.

Over the years, Prada turned her family's namesake brand into one of the top luxury houses in the world. In 1989, she debuted her first ready-to-wear collection, before launching her own line, Miu Miu, in 1992.

In February, she announced that she would become the co-creative director of Prada, alongside designer Raf Simons.



Rodarte — Kate and Laura Mulleavy

Gregg DeGuire / Stringer / Getty Images

Founded in 2005, Rodarte has been helmed by sisters Kate and Laura Mulleavy since its beginning. The sisters are known for their meticulous attention to detail; one dress from an early collection famously took over 150 hours to finish. As Sally Singer from Vogue writes, their "clothes are meant to be worn, not simply photographed; they are not costumes."

Rodarte also had collections shown at the Costume Institute of the Metropolitan Museum of Art, the Los Angeles County Museum of Art, and the Fashion Institute of Technology Museum in New York City.



Alexander McQueen — Sarah Burton

Taylor Hill/FilmMagic / Getty Images

After the death of Alexander McQueen in 2010, Sarah Burton became the creative director of his eponymous label. She received worldwide attention after designing Kate Middleton's wedding dress in 2011. She also designed Pippa Middleton's maid of honor dress, as well as the gown Kate wore to her wedding reception. 

In 2019, Burton received the CFDA International Award, and she'd previously won Designer of the Year Award at the British Fashion Awards in 2011. Her impact on the British fashion industry led to her being awarded an Order of the British Empire in 2012.

Source: Business of Fashion




See the rest of the story at Business Insider

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Should you pay off your mortgage early or invest? We did the math to find out which nets a greater return

Posted: 09 Mar 2020 09:08 AM PDT

pay off mortgage or investCaiaimage/Chris Ryan/Getty

 
  • Whether to pay off your mortgage early or invest that money instead is a hotly debated topic among US homeowners.
  • We consulted Brian Fry, a certified financial planner who founded Safe Landing Financial, to run a simulation for a hypothetical homeowner with a 30-year mortgage who has extra income to spend.
  • The homeowner is deciding what will net the greatest return: putting their additional income in a taxable investment account, or using it to pay down their mortgage sooner and then invest once their mortgage is paid off.
  • Fry also considered whether the homeowner refinances their mortgage to secure a lower interest rate.
  • We made several assumptions to illustrate this scenario, so it's important to consider your own unique financial goals and situation if you're weighing a similar decision.
  • Need help building wealth? SmartAsset's free tool can help find a financial planner near you »

Debt can often be a thorn in your side on the path to building wealth, but it's not all bad.

Still, if you're a homeowner with a mortgage, you've likely weighed the decision to pay it off early, if you can afford to. It's a worthy goal to be free and clear of all debt, but is it the right choice if you're trying to optimize your every dollar?

See the rest of the story at Business Insider

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This Michelin-starred chef runs a meat-free restaurant. Here's why he doesn't like meat substitutes like Beyond Meat.

Posted: 09 Mar 2020 09:03 AM PDT

alain ducasse beyond meatGetty Images / Ruqayyah Moynihan

  • French Michelin-starred chef Alain Ducasse spoke with Business Insider France about the future of food.
  • The chef isn't fond of meat substitutes like Beyond Meat.
  • "We don't need vegetables to look like meat," Alain Ducasse said. "They should just look like vegetables. Period."
  • Ducasse is convinced that we'll eventually be eating less meat, but that we'll also be eating better quality food.
  • Visit Business Insider's homepage for more stories.

Known for pushing to change how we approach cuisine, French Michelin-starred chef Alain Ducasse wants everyone to start working towards cooking in a way that's respectful towards nature, as well as towards the planet's resources.

Speaking with Business Insider France about the food of the future, the chef said he was confident that, eventually, "we will eat less meat but eat better quality food."

See the rest of the story at Business Insider

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