These 16 cities offer the cheapest first year of homeownership in the US when considering down payments, taxes, and closing costs, according to Point2
It’s still incredibly costly to buy a home in the US. But according to Point2, 16 cities including Detroit offer first-year homeownership costs under $80K. First-year costs include down payments, mortgage payments, taxes, insurance, and closing costs. Homes remain extremely unaffordable for buyers on a national scale. Homes are nearing some of their most unaffordable…
LexisNexis tries to keep the AI bots from plundering its valuable legal data
The generative AI boom has sparked a race to collect data for model training. That’s put pressure on companies with high-quality, proprietary information. Relx, the owner of LexisNexis, recently warned customers about sharing its legal data with AI bots. The generative AI boom has sparked a rush for high-quality data to train large language models…
How $7.75 billion Hopin went from pandemic darling to selling off its flagship business for $50 million and handing back some investor cash
Virtual-events startup Hopin was a pandemic winner when it hit a $7.8 billion valuation in 2021. Now its CEO is stepping down, it’s selling off parts of its business, and is set to hand back investor cash. Ex-staff and backers say the firm was flooded with cash and did too much too quickly. Johnny Boufarhat,…
Amazon employees are outraged by a new warning about individual office attendance: ‘Is this supposed to scare people?’
Some Amazon staff got an email warning them about their office-attendance records. Some employees say they got the email in error and that they are complying with Amazon’s RTO policy. It’s the latest controversy in Amazon’s effort to bring employees back to the office. An email blunder concerning Amazon’s return-to-work policy has sparked further debate…
Bridgewater’s tech chief is leaving the hedge fund giant for Microsoft to focus on the ‘relentless tide of cyber threats’
Bridgewater president and CTO, Igor Tsyganskiy, has left the hedge fund. He is joining Microsoft as the firm’s chief strategy officer of security. He told Insider he’s making the move to help combat cybersecurity on a broader scale. Bridgewater’s top technology executive has left the company. Insider has learned that Igor Tsyganskiy, the world’s largest…
How a private-equity firm is tapping influencers for its portfolio of brands, from co-investment to research
Sponsorships aren’t the only way influencers can make money working with brands. The Newcastle Network, a private-equity firm, is tapping creators as investors for DTC brands. Here’s a breakdown of Newcastle’s strategy for bringing on influencers. It was only a matter of time before creators got involved, with trillions of dollars moving around in private…
Sports-betting insiders break down how ESPN’s huge gambling deal could reignite competition in the sector, and why they’re still cautious after a series of failed media tie-ups
ESPN is finally getting its own sportsbook through Penn Entertainment. Many view the deal as a “win-win” for ESPN, Penn, and its former partner Barstool Sports. Industry insiders say the deal could signal a potential ESPN spinoff, disrupt competition, and more. When Disney CEO Bob Iger took over as the owner of ESPN late last…
Inside Goldman Sachs’ coveted summer internship for aspiring investment bankers, where there’s no such thing as ‘busy work.’
Goldman Sachs’ summer internship program is harder to get into than Harvard. We spoke to a Goldman intern and partner about what the summer gig entails. They walked us through an average day, from the morning check-in to the financial modeling. India Stephenson did what many college students do to calm down before their first…
Mark Zuckerberg and Priscilla Chan’s charity organization is making a major change in strategy after laying off 48 people. Read the leaked emails.
The Chan Zuckerberg Initiative conducted layoffs this week, in a major blow to its education team. In an email, Priscilla Chan said the changes are part of a “refreshed strategy.” CZI is now moving away from education policy work and a program it developed. As part of its first-ever layoffs, Mark Zuckerberg and Priscilla Chan’s…
