Bill and Melinda Gates are getting divorced. Here's a look inside their 27-year marriage, from meeting at work, to having 3 kids, to spending $45 billion on philanthropy.

Businessinsider - Mon, 05/03/2021 - 22:19
Bill and Melinda gates are splitting up, the Microsoft co-founder announced on Monday.

Bill and Melinda Gates are getting divorced.

The billionaire Microsoft founder announced his plans to separate with his wife of 27 years on Monday.

"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage," Bill Gates said in a tweet. "Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives."

-Bill Gates (@BillGates) May 3, 2021

Bill and Melinda Gates have been married since 1994, raised three kids, are worth $130.5 billion, and run a namesake philanthropic enterprise boasting a $49.8 billion endowment.

Here's a look at the marriage between Bill and Melinda:

Bill and Melinda first met in 1987, when she joined Microsoft as a product manager.

Bill asked her if she could go out "two weeks from tonight" — to which Melinda replied, "Two weeks from tonight? I have no idea what I'm doing two weeks from tonight.' And I said, 'You're not spontaneous enough for me."

Source: Business Insider

Melinda gave Bill her number and told him to call her closer to the day he had in mind.

Source: Business Insider

Instead, he called her up later that night with a wry question: "Is this spontaneous enough for you?" Turns out, it was.

Source: Business Insider

Melinda and Bill dated for seven years before they wed. Melinda told Fortune her mom didn't think that seeing the CEO was a good idea in the beginning.

Source: Business Insider, Fortune

But the couple didn't listen. Business Insider's Tanza Loudenback reported they "kept a low profile at work and asked colleagues and family members to respect their privacy."

Source: Business InsiderSeattle Times, Business Insider

"When I look back, Bill was the same kind of guy I was hanging out with in college," Melinda told Fortune. "I had a lot of respect for them, and they had respect for me."

Source: Business InsiderFortune

"I was definitely attracted to his brilliant mind, but beyond that, his curiosity," she told Fortune. "And he has a huge sense of fun. I love that wry side of him."

Source: Business InsiderFortune

After they were engaged, Bill and Melinda traveled to Africa in late 1993. During the trip, they encountered people in extreme poverty.

Source: TEDBusiness Insider

On a walk on a beach in Zanzibar, Melinda told TED in an interview, the couple "started to talk about" how they might use their fortune to help others.

Source: TEDBusiness Insider

That's when the idea that would ultimately become the Bill & Melinda Gates Foundation began to take root.

Source: Gates Notes

"It's not fair that we have so much wealth when billions of others have so little," Melinda wrote, in one of the couples' annual letters. Bill & Melinda Gates Foundation co-chair Melinda Gates.

Source: Gates Notes

The couple married in 1994 in what was then Manele Bay Hotel in Hawaii. They tied the knot by the "par-3 12th hole" on the property's golf course, according to Forbes. The event reportedly cost $1 million.

Source: Business Insider, EasyWeddings.com, Forbes, People magazine, Business Insider

To keep the wedding private, Bill booked all the rooms in the hotel, along with all of the helicopters on the island of Maui to "prevent unwanted visitors from flying over," Forbes reported.

Source: Business InsiderEasyWeddings.comForbes

Bill's parents gifted the newlyweds with a sculpture of two birds, sitting side-by-side and staring at the horizon. "It's still in front of our house," Melinda wrote in the couples' 2018 annual letter. "I think of it all the time, because fundamentally we’re looking in the same direction."

Source: Gates Notes

The next year, the couple's lavish home - nicknamed "Xanadu 2.0" - was completed in Medina, Washington. The mansion's estimated worth was $124 million in 2016.

Source: Business InsiderThe Economic Times

The couple has raised two daughters and a son - and didn't let any of them own a cellphone until they were 14, according to The Mirror.

Source: Business Insider, Business Insider, The Mirror

Bill told Rolling Stone the children were raised Catholic. "We've raised our kids in a religious way," he said. "They've gone to the Catholic church that Melinda goes to and I participate in."

Source: Rolling Stone

Bill and Melinda would read books from a range of genres to their kids as they grew up, from "Guess How Much I Love You" to "Fahrenheit 451."

Source: Business Insider

Gates has said his wife is a driving force when it comes to bringing the family together. "Melinda is very creative about helping me find chances to spend time with the kids," Gates wrote in a 2017 Reddit AMA. "Even just driving them to school is a great time to talk to them."

Source: Reddit

Each of the Gates' kids will inherit about $10 million of their parents' $98.1 billion fortune, while much of the rest will go to charitable causes.

Source: Business InsiderTED, Bankrate.com

"We want to strike a balance where they have the freedom to do anything but not a lot of money showered on them so they could go out and do nothing," Bill told TED.

Source: Business InsiderTED, Bankrate.com

The Gates also support their kids in other ways. The couple spent $37 million purchasing a string of Wellington, Florida properties in 2016. The reason? Their daughter Jennifer is a nationally ranked show jumper, and the Florida town is the equestrian capital of the US.

Source: Business Insider, Business Insider, Business Insider

Melinda has said her relationship with her husband has changed over time. "We've had to change to really be coequals," she said. "It's not something that immediately happens overnight, but we're both committed to it."

Source: Business InsiderFortune

Melinda said the couple still did the dishes together every night to keep the partnership equal.

Source: Business Insider

According to Melinda, Bill was used to being in charge from his Microsoft days when they first started the foundation. Melinda and Bill Gates.

Source: Gates Notes

But these days, Bill and Melinda work as partners at the foundation. They both received Presidential Medals of Freedom in 2016 from President Barack Obama for their efforts.

Source: Business Insider, The White House

They work to make sure their schedules are synchronized, complimentary, and balanced. "Melinda and I look over our schedules a lot to make sure we are balancing things well," Gates wrote in a 2018 Reddit AMA.

Source: Reddit

In response to a question about how the couple handles arguments, Melinda jokingly wrote "we never disagree" in the Gates' 2018 annual letter.

Source: Gates Notes

"Our occasional disagreements these days are over tactics. Because I've been a public figure longer, and because I’m a man, some people assume I am making the big decisions. That's never been the case," Bill wrote in the Gates Foundation's annual letter for 2018.

Source: Gates Notes

Melinda added that the couple avoids serious disagreements by sharing fundamental values, trust, and a sense of open-mindedness. Melinda and Bill Gates.

Source: Gates Notes

Warren Buffett, who is close with the couple, told Fortune that Bill was "smart as hell, obviously," but that "in terms of seeing the whole picture," Melinda was smarter.

Source: Fortune, Business Insider

In a Reddit AMA, Gates disclosed that his wife and Buffett were his two favorite celebrities... Warren Buffett speaks to the media with Bill and Melinda Gates June 26, 2006 at a news conference where Buffett spoke about his financial gift to the Bill and Melinda Gates Foundation in New York City.

Source: Reddit

... followed by Bono and Jimmy Carter. He added that Nelson Mandela was the most impressive political leader he's ever met. Musician Bono from U2 reacts at the opening of the 53rd Munich Security Conference in Munich, Germany, February 17, 2017. REUTERS/Michael Dalder

Source: Reddit

When it comes to their working partnership, Bill wrote that the perception that Melinda is "the heart" of the organization is a bit of a stereotype, in the 2018 annual letter.

Source: Gates Notes

"Just as she knows I'm more emotional than people realize, I know she's more analytical than people realize. When I get really enthusiastic about something, I count on her to make sure I'm being realistic."

Source: Gates Notes

"Melinda and I believe that everyone deserves the chance for a healthy and productive life - and so with the help of our amazing partners, we are working to find innovative ways to help people in need all over the world," Bill wrote during one of his Reddit AMAs.

Source: Reddit

Bill announced on May 3 the couple made the decision to end their marriage. —Bill Gates (@BillGates) May 3, 2021


"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage," Bill Gates said in a tweet. "Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives."

Source: Twitter

Read the original article on Business Insider
Categories: English

28 clever Mother's Day gifts under $50 that are all Amazon Prime-eligible

Businessinsider - Mon, 05/03/2021 - 22:13

If you buy through our links, we may earn money from affiliate partners. Learn more.

Succulents are a great gift for busy moms because they don't require a lot of maintenance or water.

  • If you're shopping for a Mother's Day gift, Amazon Prime makes it easy.
  • We rounded up 28 memorable and clever Mother's Day gifts under $50 with free two-day Prime shipping.
  • Browse more of our Mother's Day gift ideas and check out all of Insider Reviews gift guides.

In many households, moms keep everything running. It's easy to forget to buy a gift for a special holiday if mom buys and wraps the gifts for everything else. But there's still plenty of time to pick out a thoughtful a gift under $50 that you'll be excited to give your mom.

Amazon Prime comes in handy with free two-day shipping. We've rounded up 29 thoughtful gifts on Amazon that any mom would be over the moon to receive - all of which are available with Prime shipping.

Here are 28 Amazon Prime Mother's Day gifts under $50: A hilarious book about motherhood Gift the "Cat and Nat's Mom Truths" book for $11.67

This book will have moms laughing, feeling supported, and thinking, Wow, I thought it was just me. It's an easy read that puts motherhood into perspective. The writing style makes it possible to read in short spurts, whenever mom is able to manage a free minute or two.

A gift card so they can pick what they want Gift an Amazon eGift card, from $25

Sometimes a mom just needs permission to spend $50 on herself. Gift mom an Amazon gift card and she can pick out whatever she wants.

A tasty gift basket Gift the Happy Mother's Day Chocolate Caramel and Crunch Grand Gift Basket for $38.38

Sweet, salty, and crunchy, this gift basket hits all the basic cravings. The basket includes chocolate-covered pretzels, caramel corn, peanut brittle, and Ghirardelli chocolate.

Something to keep their coffee warm Gift the Mr. Coffee Mug Warmer for $10.99

Moms are notorious for heating their coffee up in the microwave only to forget about it for hours. Help them keep their drink warm all morning with this coffee mug warmer.

A sentimental keepsake book Gift "Mom, I Wrote a Book About You" for $14.95

This book is full of prompts, making it easy to create a sentimental and heartfelt gift for mom. The fun and meaningful prompts are designed to be completed in less than an hour. An hour of your time is well worth it for a gift mom will cherish forever.

Versatile wine glasses Gift the Schott Zwiesel Tritan Crystal Stemware Pure Collection Cabernet, set of 4, for $48.13

Suitable for white or red wine, these glasses are ideal for any mom who likes to savor a glass at the end of the day. You can even send her some of her favorite wine to enjoy along with them.

A device to help them keep track of their belongings Gift the Tile Mate Bluetooth Tracker for $47.99

This small device connects to a smartphone and uses location services and a ring to help keep track of all the things mom tends to lose. Connect it to the TV remote, a purse, keys, or any other important item. The Tile can also work in reverse to find a lost phone.

Something to help them keep hold of their phone Gift a Popsocket, from $9.99

Whether they have a toddler running around and never have a free hand or they're scrolling photos of their grandbabies, a Popsocket will help them hold onto their phone. There's a Popsocket for every mom, with countless designs and ones that even come with built-in lip balm.

A game for family bonding Gift the Taco Cat Goat Cheese Pizza game for $9.97

This fast-paced game is fun and simple. It's a unique new take on slap-jack, with the addition of silly moves. The game is recommended for people ages 8 and up, and there is no limit to the number of players.

A weighted blanket to help her de-stress after a long day Gift the AckBrands 15-Pound Weighted Blanket for $39.99

Help her relax with this 15-pound weighted blanket made from 100% cotton. The soft blanket has double stitched, reinforced edges so the inner stuffing won't break through the fabric. Additionally, it's made with smaller pockets than most, so the weight is more evenly distributed across the entire blanket.

A plug that streamlines life's most mundane tasks Gift the Wyze Smart Home Plug, 2-pack, for $19.97

Controllable by voice, app, and smart assistant, these smart plugs will make mom's life easier. They can use the smart plugs to turn on the coffee maker and control lamps while they're away.

A personal coffee maker for their favorite brew Gift the Chulux Single Serve Coffee Maker for $39.99

This single-serving unit is perfect for a Sunday morning cup of coffee. They can either use their own ground coffee in a reuseable filter or a premade capsule to brew in about three minutes. Not only is the device compact, but its 12-ounce water tank and drip try can be easily removed for cleaning.

A mother-daughter necklace to stay connected Gift the Efy Tal Mother Daughter Sterling Silver Necklace for $41

This sweet necklace will last a lifetime due to its 925 sterling silver material. It also comes gift wrapped and with a card, so you don't have to worry about anything except presenting it to your mom. 

The chain measures 19 inches, but if it is too short or long, manufacturer Efy Tal Jewelry will adjust it for free; it'll also replace the chain should it break within the first five years. 

An under-eye cream that is lightweight for delicate skin Gift the Belei Triple-Peptide Eye Cream for $16.59

This lightweight eye cream helps improve firmness and smooth out line lines around the eye. It's triple peptide blend is effective but not irritating for sensitive skin, so it's great for all skin types. Plus, it's free of parabens, synthetic fragrances, sulfates, and phthalates so your mom can still stick to her clean beauty routine. 

An at-home spa-like treatment that works while they sleep Gift Bliss That's Incredi-Peel Glycolic Resurfacing Pads for $14.95

Let mom enjoy spa-like treatments from the comfort of home and while they gets a good night's sleep. These no-rinse peel pads will help skin look and feel rejuvenated with exfoliating alpha hydroxy acid, protected with vitamin E, and moisturized with licorice root and calendula flower extracts. 

A gift she and her fur baby can enjoy Gift the Woof Ceramic Dog Treat Jar With Bone Handle for $27.98

For the mom who's obsessed with their pooch, this ceramic treat holder will not only remind them of all their children — their babies and their fur babies — but it adds a decorative touch as well. The jar is 6 inches in diameter and 8.5 inches tall with a dog bone handle for added character.

A yoga block set to help them stay balanced Gift the Gaiam Yoga Block + Yoga Strap Combo Set for $14.98

For the yogi, this is a great starter kit or as a replacement for their worn-out equipment. The yoga block and strap can help with stability and balance to strengthen their core and improve spine alignment. In addition, the blocks and straps can help deepen their morning stretches and increase their range of motion.

A candle to remind them of home Gift the Homesick Scented Candle, from $34 (prices vary by state)

These handmade candles encompass famous scents from each state — great for someone who's moved away from their home state. Homesick Candles are made with soy wax for a clean burn that lasts for 60 to 80 hours.  

A mug that warms her heart (and her drink) each morning Gift the One Awesome Mom Coffee Mug for $16.95

Remind your mom that they're the best there is with this coffee mug. This mug is made from white ceramic that is able to withstand both hold and cold drinks and has a wide grip handle. It's dishwasher and microwave safe.

A delicate watch that can be dressed up or down Gift the Nine West Floral Rose Goldtone Watch for $36.75

This 38-millimeter Japanese-quartz watch is both equal parts fashionable and functional. The watch face has rose gold-toned hands and markers in an analog clock style on top of a 3D-printed floral pattern and finished with the leather-esque blush pink straps. This watch is not water-resistant, but we bet your mom won't want to get such a pretty gift wet anyway.

A pair of comfy slippers that can be worn inside or outside Gift the Ultraideas Memory Foam Moccasin Slippers, from $14.99

Treat your mom's feet with these plush memory foam slippers. Available in three different colors, these slippers have a supportive insole and anti-slip and waterproof outsole for quick trips outside.

A smart speaker to help with daily tasks Gift the Echo Dot (4th Gen) for $29.99

Mom can use this mini smart speaker equipped with voice-activated Alexa to play music, take a hands-free phone call, look up recipes, check the weather, and more. This Alexa speaker has over 50,000 other skills that can help make their life so much easier. 

A basket of goodies you can enjoy together Gift the Wine Country The Connoisseur Gift Basket for $49.95

You can never go wrong with snacks. Filled to the brim with cookies, crackers, hummus, and more, this Wine Country basket is filled with goodies you can enjoy together. Bring it to the park for a picnic, create an d'oeuvres platter before wine night, or use this to refill mom's secret stash of treats.  

A succulent set that can be used to create a terrarium Gift the Shop Succulents Unique Succulent (Collection of 4) for $22.96

Give mom unique succulent varieties to place around the house or spend the day creating a custom terrarium together. Each succulent comes in a 2-inch pot with fully rooted soil and plant care instructions.

A pair of casual shoes Gift the UJoowalk Women's Canvas Slip on Fashion Sneaker, from $21.05 to $22.99

These canvas slip-ons come in black or white and are perfect for everyday wear. The platform is less than an inch tall, so walking around in these is comfortable for moms of all ages.

A tea kettle that boils water in minutes Gift the Willow & Everett Surgical Whistling Teapot with Tea Infuser for $33.99

Mom can enjoy a lovely cup of tea with this 3-liter stainless steel teapot. It has a nonslip silicone handle that won't burn hands and a five-layer design to boil water quickly and efficiently. Also included is a loose leaf tea infuser that's perfect for making a single cup of their favorite tea in minutes.


A seed spreader to make yard work less of a pain Gift the Scotts Wizz Hand-Held Seed Spreader for $19.99

For the outdoor mom, help alleviate back strain and increase productivity with this battery-powered seed spreader. The Scotts spreader has a 5-foot spreading radius and can cover up to 2,500 square feet per fill and charge. It also has over 20 settings so she can target both big and small areas with little effort.

A decorative wooden calendar so she never forgets an important date Gift the Amosfun Birthday Calendar Wooden Wall Plaque for $12.89

Unlike traditional calendars that show every single day, this is meant for just the special ones that your mom cares about like birthdays (as in, yours), anniversaries, and holidays. The set comes with 50 wooden heart pieces and hangers that they can write on and place under each month.

Read the original article on Business Insider
Categories: English

The 10 best places to shop for men's underwear

Businessinsider - Mon, 05/03/2021 - 21:58
  • Underwear is the one thing you wear every day, but probably hardly put any thought into.
  • It may be time for an upgrade in comfort and style - and here are the best places to shop.
  • Our favorite places to buy underwear include Tommy John, Saxx, MeUndies, Bombas, and All Citizens.

If there's one article of clothing you wear every day, it's a pair of underwear. They've become such a standard wardrobe staple that most people put little to no thought into the kinds they buy. If you're still grabbing the cheapest multi-pack on the shelf, you're definitely missing out on comfort. The best underwear for men doesn't bunch or ride up, but you don't necessarily need to spend a ton of cash for the upgrade.

So if you're ready to swap out your old underwear, you're in the right place. I have all of the perfect recommendations for the best men's underwear, and where to buy it.

Here are the best places to buy men's underwear:Table of Contents: Masthead Sticky

Tommy John Tommy John has a great selection of fits, sizes, and materials, to appeal to most all body types and comfort preferences. 

Sizing info: S-XXL

You know that one pair of boxers you get a little bit excited to put on when it makes its way to the top of the pile in your underwear drawer? For me, it's Tommy John. 

The brand was founded in 2008 with the goal of updating undergarments with modern comfort elements, and they've absolutely done that. I've tried just about every noteworthy underwear brand you'd find in a Google search, and Tommy John surpasses them all.

The primary reason I like Tommy John so much is the amazing fit. Boxer briefs are my go-to underwear style, and Tommy John's has a slightly longer-than-average inseam length. This totally eliminates that awful feeling of riding up or chafing. There's plenty of room and support in all the right places. 

If you like trunks, briefs, or relaxed fit boxers, Tommy John has all of those too. You'll also find sport leggings, which are essentially full-length underwear.

In terms of materials, Tommy John has several types to offer. They include Cool Cotton, Air, Second Skin, and a newly-introduced Second Skin Micro Rib. Each material is designed to meet specific needs like cool comfort, softness, and breathability.

I've worn them all (with the exception of the Second Skin Micro Rib, which was recently released), and they're all exceptionally comfortable. Tommy John underwear is expensive, but they outlast cheaper pairs that go bad after a few wash and dry cycles.

What to buy:

Cool Cotton Boxer Brief (small)Cotton Basics Boxer Brief (small) Hanes Where would we all be without Hanes, really?

Sizing options: S-XXXL

Founded in 1900, Hanes, for all intents and purposes, pretty much invented modern underwear. Love or hate underwear, we'd have our work cut out for ourselves if we were to claim not to have some deep appreciation for this brand.

These days, Hanes offers every kind of boxer, brief, and boxer brief you could imagine with dozens of styles. You'll find everything from high-tech synthetic athletic to the good old-fashioned cotton the brand was built on.

This brand is timeless and it's not going anywhere soon. Plus, as some of the most affordable underwear you can buy, it's a good way to fill out your drawer when a five-pack is still cheaper than single pairs from the popular direct-to-consumer startups on our list.

You'll find pairs with FreshIQ odor-reducing technology and the new Total Support Pouch, which gives you some of the features of more moderns brands without the steep price tag.

What to buy:

Ultimate Comfort Flex Fit Total Support Pouch Boxer Brief 4-Pack (small)FreshIQ Boxer Briefs (small) Mack Weldon Similar to garments worn by NASA, Olympic athletes, and US Special Forces, Mack Weldon Silver Underwear adds pure silver to its Supima cotton to provide strong odor protection.

Sizing options: S-XXL

Using a combination of Pima cotton, Silver XT2, and Lycra, the Mack Weldon Silver Boxer Briefs are made with some of the highest quality materials available.

While Supima cotton and lycra are commonly used in all types of clothes intended to be soft and comfortable, the inclusion of pure silver is rather important. Silver is naturally anti-microbial, so it helps rid garments of bacteria, including the types that cause odor. Learn about XT2 technology here

To put into perspective how useful silver can be, similar technology has been used in clothing for NASA astronauts, Olympic athletes, and US Special Forces.

Although astronauts probably have to wear their gear for much longer than you have to wear your underwear, you'll still get great use out of them in the real world. Whether you work super long days, you live a high-intensity athletic lifestyle, or you're on a camping or hunting trip where showers are few and far between, you'll get through it without stinking.

In addition to odor protection, the Silver Boxer Briefs are very comfortable thanks to a no-roll waistband, which is designed to prevent digging into the skin, and targeted mesh zones to keep high-heat areas nice and cool. 

I own far too many pairs of underwear to ever have to wear any pair for more than a day, but I love to grab a pair of my Silver Boxers when I know I'll be active for a long period of time.

What to buy: 

Silver Boxer Briefs (small) MeUndies MeUndies specializes in fun, colorful, comfortable basics for everyone.

Sizing Options: S-4XL

If you're tired of boring tighty whities (or other basics underwear options), MeUndies is the easiest way to liven up your underwear draw. While you can buy items individually, the subscription model will allow you to save money and effortlessly build your collection of fun and colorful underwear.

For $16 a month, you'll get one pair of underwear. You get to choose your preferred underwear style, size, and design type. You can pick between Adventurous, which might include anything from dinosaurs to fun geometric patterns, Bold, which is includes bright colors, and Classic, which is a safe pick for colors like black, white, grey, and blue. And if you and your partner want to match, you can find the same patterns in colors in other styles for everyone.

Subscription holders will also get early access and discounts on other products, which is the best way to save on the MeUndies loungewear we love.

MeUndies isn't the most advanced when it comes to different material and fit choices, but the options that are available are super comfortable.

Read our full review on MeUndies here.

What to buy:Men's Membership (small) Saxx Saxx Underwear delivers top-not support below the belt and plenty of fun colors and patterns.

Sizing options: XS-XXL

While some underwear brands primarily focus on either comfort or fun patterns, Saxx Underwear manages to do both exceptionally well. 

The highlight of the brand's comfort technology is the BallPark Pouch, which adds support, limits chafing, reduces moisture, and prevents you from having to constantly readjust yourself. For most men, there's not much more you can ask for in underwear.

You'll find basic solid colors as well as cool patterns, bright colors, and themes. If you like to have fun with your underwear, you'll find plenty of options to fill your drawer with.

At $25 or more for a single pair, they're considerably more expensive than other brands, but the quality, comfort, and options make them well worth it.

Six guys from the Insider Reviews team tried out the brand. Read our full review on Saxx here.

What to buy:Ultra Boxer Brief (small)Vibe Boxer Brief (small)Undercover Brief (small) Bonobos With true waist sizes, you'll never get the wrong fit from Bonobos Underwear.

Sizing options: waist sizes 28-40

Most men's underwear comes in alpha sizes like small, medium, and large, which can force you to guess your size by following some obscure size chart.

Bonobos is known for its amazing pants, and they've put the same level of skill in detail into its underwear. Bonobos Underwear comes in waist sizes, from 28-inch to 40-inch waists. By using the same methodology that goes into finding the best fit in pants, you'll never have to worry about fitting into general underwear sizes.

Available as 5" inseam boxer briefs and 3" inseam trucks, each pair of Bonobos Underwear uses a stretch waistband that never restricts you and super soft anti-microbial, moisture-wicking fabric for maximum comfort. 

At $34 a pair, Bonobos Underwear is expensive, but there's usually a discount when you buy them in bulk.

What to buy:Underwear (small) Organic Basics Danish brand Organic Basics is the Everlane of boxers and briefs (though they make a lot more than that).

Sizing options: S-XXL

Made with 93% recycled nylon and 7% elastane, Organic Basics estimates that compared with traditional methods using virgin materials, production of its "SilverTech" style conserves some 21 gallons of water and prevents 4.2 pounds of CO2 and one ounce of waste from entering the atmosphere and earth. We can't quite confirm this, but take a virtual tour of the brand's factories and learn more about its practices.

As for the product itself, the brand only uses Class A and B fibers, which means that even though this stuff is recycled, it's every bit as soft as brand-spanking-new stuff, and a lot less weight on the world.

SilverTech, which we find to be Organic Basics' most interesting style, is in fact infused with silver, which is supposed to quell odor and bacteria buildup. In our experience, it helps a good bit, but maybe not quite as well as others we've tried. The real win here is the comfort that these skivvies offer, and since I've had them (over a year now), they've easily been my most-worn pairs. A more relaxed boxer brief, they hold everything more or less in place while sitting flush so I can wear them with just about any pair of pants.

Organic Basics offers a couple of fabrics beyond their SilverTech, and unlike that line, they're much more on the organic side: Tencel (a wood-pulp-based cellulose that's more breathable and less shrinkable and wrinkle-inclined than cotton), and organic cotton (spiked with 5% of elastane).

What to buy:TENCEL™ Lite Boxers (2-Pack) (small)


Allbirds You already know Allbirds for its insanely popular wool sneakers, but did you know they make underwear too?

Allbirds, the popular wool footwear startup, recently released underwear that came as a total surprise, albeit a welcome one. The Allbirds Trino Boxer Briefs are made from a blend of eucalyptus tree material and merino wool, which delivers a lightweight, airy, and a soft-on-your-skin feel. They aren't the least bit itchy like a typical wool material, so you shouldn't have any discomfort unless you have a severe allergy to wool.

At $24, the Allbirds Trino Boxer Briefs are cheaper than every pair on our list except for the budget pick from Hanes. Although I really enjoyed wearing them, they weren't notable enough to dethrone our current best overall pick or cheap enough to replace our budget pick, but that doesn't mean you shouldn't buy them.

If you want more premium underwear than a standard budget 6-pack, but can't quite justify or afford to pay Tommy John prices, Allbirds is a good middle ground. They're also a great choice if sustainability plays a major part in the items you buy.

Read our full review on Allbirds underwear here.

What to buy:

Men's Boxer Brief (small)



All Citizens If you're tired of hanging all over the place, All Citizens' Paradise Pouch Boxer Briefs will provide total support and comfort.

Sizing options: S-XXL; available in standard, athletic, and longer fits

There's a lot more than a person's waist size that goes into finding comfortable underwear, and All Citizens recognizes that. 

Perhaps named after its inclusivity, All Citizens has underwear for almost every size and shape. Although I'm not very tall, I went with the longer fit because I hate when my underwear ride up and I've come to like longer pairs from other brands. 

My first impression holding them in my hand was that they were substantially better quality than most other brands. They're pretty thick — but not to the point of being uncomfortable or hot. I could tell that they would be able to hold up well to countless washes and wears, and after several months, they've done exactly that.

All Citizens also takes support seriously with its Paradise Pocket. While all underwear brands are gradually becoming more concerned with support, All Citizens has arguably the most advanced system to keep your business in place. Most pouch designs are more or less two extra pieces of fabric, the Paradise Pocket is a comfortable compartment that keeps you from hanging all over the place.

At $18, they're a bit more affordable than other premium underwear — and there's no compromise in quality.

What to buy:

The Paradise Pocket™ Standard Fit Boxer Brief (small) Bombas For every pair of Bombas underwear your buy, the brand will donate a pair to someone in need.

Sizing options: S-3XL

Bombas socks have been some of the best socks in the industry for some time now, and the newly introduced underwear live up to that same level of quality. 

Made from a blend of cotton and modal, the underwear are incredibly soft and smooth, giving them a comfortable next-to-skin feeling. The blend of materials also makes them durable for continuous wears and washes — which is super important considering how much I like wearing them.

There are very few seams on the underwear which means there are few points for discomfort like digging into your skin or bunching up. One of the most interesting features is the diagonal fly. It's much easier to access than other designs, but still remains secure.

Bombas offers Boxer Briefs, Trunks, and Briefs to accommodate all style preferences.

What to buy:

Cotton Modal Boxer Brief (small)Cotton Modal Trunk (small)Cotton Modal Brief (small) Our other menswear buying guides The best men's undershirts you can buy

If you've been looking for the best undershirt for managing your sweaty pits, then the search is over. We've done the research and smoked out the best undershirts for men that you can buy today.

The best men's swim trunks you can buy

Swim trunks should dry fast, look good, and be comfortable. We've rounded up the best swim trunks you can buy, for all types of style preferences.

Testing methodology

The best way to test underwear is to simply wear them in your everyday life. There's a long list of brands making men's underwear brands and for the last 3.5 years, I have been actively testing boxer briefs. My testing has become so in-depth and sample units have become so abundant that I have not had to purchase underwear myself.

I've taken into consideration important factors like comfort, performance, inclusivity, and accuracy of sizes and fits, and durability with wears and washes, and price. While most underwear on this list is more expensive than a basic 6-pack, you can rest assured they meet a certain level of quality and longevity in your closet.

Read the original article on Business Insider
Categories: English

How to add music to your Instagram Story, even if you don't have the music sticker

Businessinsider - Mon, 05/03/2021 - 21:56
There are several ways to add music to your Instagram Story.
  • To add music to your Instagram Story, tap the sticker icon and select the music option.
  • You can also add music to your Instagram Story from apps like Spotify, SoundCloud, or Shazam.
  • If you can't add music to an Instagram Story, you may need to update the app first.
  • Visit Insider's Tech Reference library for more stories.

Most Instagram users take advantage of the Stories feature, which allows you to post short disappearing photos and videos with gifs, emojis, and even music added in.

Adding music to your Instagram Story is a simple process once you know where to look. You can even add music directly from other apps like Spotify, SoundCloud, and Shazam.

Here's how to do it all, or troubleshoot if you don't have the option to add music.

How to add music to your Instagram Story

To add music to an Instagram Story, tap the square smiley face icon in the top-right, and select the Music sticker in the pop-up menu. Choose a song by searching in the list and customize it using the buttons that appear at the bottom of your Story.

Here's a full step-by-step breakdown.

1. Open the Instagram app on your iOS or Android device.

2. Swipe left from your feed's home screen to open the Stories feature. Alternatively, tap the plus "+" sign on your profile picture in the top-left corner to create a new Story.

To create a new Story, tap "Your Story" in the top-left corner, or swipe left.

3. Take or select the photo or video you want to post to your Instagram Story.

4. In the menu bar along the top of your screen, tap the square smiley face icon, which looks like a Post-It being peeled away.

Tap the smiley face icon at the top of your Story draft.

5. In the pop-up, tap the "Music" option. Then, in the search box that appears, type in a song or scroll through the listed options.

Select the "Music" sticker to find a song.

6. Tap on the song you want to include when it appears on the list.

7. Drag the small bar at the bottom of the screen to the segment of the song you want on your Story.

You can also adjust the length of the music segment from five to 15 seconds by tapping the circle on the left side of the music clip that reads "15" by default.

8. Hit "Done" when finished. You can then drag the song icon to a different location, or pinch the icon outward or inward with your fingers to make it larger or smaller. Then post your Story as you normally would.

Quick tip: You can select how you want the music to visually appear on your Story - as lyrics in different fonts, the cover art of the album, or a small text box announcing the name of the song.

In addition, if you're listening to music on another app, you can add it to your Instagram story directly from Spotify, SoundCloud, or Shazam. Here's how to do it on each app:

Add music to Instagram Story from Spotify

1. Open the Spotify app on your iOS or Android device, and find the music you want to add to your Instagram Story.

2. Tap the ellipsis icon on a song, album, or playlist.

In the Spotify app, tap the ellipsis icon.

3. In the pop-up menu, scroll down and tap "Share."

Select "Share" in the menu.

4. In the "Share" menu, select "Instagram Stories." A pop-up may ask your permission to open the Instagram app.

Tap "Instagram Stories."

5. Spotify will open the Instagram app and automatically upload the cover art of the song, album, or playlist to a new Instagram Story. However, if you want the music to play over the cover art image, you'll need to add music using the square smiley face icon, described in the steps above.

Spotify will add the cover art of the song to a new Instagram Story.

6. Once you post your Story, a link will appear at the top of the Story that says "Play on Spotify." Anyone who views your Story can click this link to be taken directly to that song, album, or playlist on Spotify.

When someone views your Story, they can tap "Play on Spotify" at the top to be taken to the Spotify app.

Add music to Instagram Story from SoundCloud

1. Open the SoundCloud app on your iOS or Android device.

2. Find the song, album, or playlist you want to add to your Instagram Story and tap the ellipsis icon.

Tap the ellipsis icon next to a song, album, or playlist.

3. In the pop-up, select "Stories," beneath the Instagram logo. A pop-up may ask your permission to open the Instagram app.

Choose "Stories" from the list of options.

4. SoundCloud will open the Instagram app and automatically upload the cover art of the song, album, or playlist to a new Instagram Story. However, if you want the music to play over the cover art image, you'll need to add music using the square smiley face icon, described above.

SoundCloud will add your selected music to a new Instagram Story draft.

5. Once you post your Story, a link will appear at the top of the Story that says "Play on SoundCloud." Anyone who views your Story can click this link to be taken directly to that song, album, or playlist on SoundCloud.

A "Play on SoundCloud" link will appear at the top of your published Story.

Add music to Instagram Story from Shazam

1. Open the Shazam app on your iOS or Android device.

2. You can either "Tap to Shazam" to identify a new song, or choose a song from your list of previous Shazams. Once you've identified a song, tap on it so it becomes full-screen.

3. On the song's full-screen page, tap the icon of three vertical dots in the top-right corner.

Select the icon of three vertical dots.

4. Tap "Share" in the pop-up menu.

Select "Share" in the list of options.

5. Select "Instagram Stories." A pop-up may ask your permission to open the Instagram app.

Choose "Instagram Stories" in the list of sharing options.

6. Shazam will open the Instagram app and automatically upload the cover art of the song to a new Instagram Story. However, if you want the music to play over the cover art image, you'll need to add music using the square smiley face icon, described above.

Your Shazam song will be loaded into a new Instagram Story draft.

7. Once you post your Story, a link will appear at the top of the Story that says "More on Shazam." Anyone who views your Story can click this link to be taken directly to that song on Shazam.

Once you post your Story, a "More on Shazam" link will appear at the top. How to add music to an Instagram Story if you don't have the music sticker

1. Open a music streaming app, like Spotify or Apple Music, on your device.

2. Start playing the song you want to use.

3. With the song still playing, go back to Instagram and record your Story; the music playing on your phone will be integrated. You won't be able to add a dynamic album cover or live lyrics, however.

Note: If you add music this way, Instagram will check your Story for copyright infringement, and if detected, will remove the sound from your video.

If you don't have the music sticker on Instagram, it may be because:

  • You live in a country where the feature isn't available. Music is enabled on the app in over 90 countries, but due to Instagram's strict adherence to copyright law, it's disabled in some countries.
  • Your app is out of date. You may need to simply update Instagram.
  • You're trying to share a branded content campaign. Due to copyright laws and Instagram's advertising policies, music and some other features like stickers and emojis aren't allowed in branded content ads.
3 simple ways to change the background color of your Instagram storyHow to add a link to your Instagram Story - and why you may not be able toHow to share a tweet through your Instagram Story on an iPhoneA beginner's guide to Instagram, the wildly popular photo-sharing app with over a billion usersRead the original article on Business Insider
Categories: English

Verizon sells its media business

Businessinsider - Mon, 05/03/2021 - 21:51

Hi and welcome to Insider Advertising for May 4. I'm senior advertising reporter Lauren Johnson, and here's what's going on:

If this email was forwarded to you, sign up here for your daily insider's guide to advertising and media.

Tips, comments, suggestions? Drop me a line at LJohnson@insider.com or on Twitter at @LaurenJohnson.

Verizon just sold AOL and Yahoo for $5 billion, and the new company will be known as 'Yahoo' going forward Read the story. Adidas is requiring some ad agencies to pay back more than 10% of their earnings, squeezing small firmsRead the story. A startup promised influencers the Hollywood dream, replete with a mansion. But some insiders say its CEO bullied talent, made misogynistic comments, and treated their personal lives like 'a game.'Read the story.More stories we're reading:

Thanks for reading and see you tomorrow! You can reach me in the meantime at LJohnson@insider.com and subscribe to this daily email here.

Read the original article on Business Insider
Categories: English

28 Mother's Day food gifts she'll want to dig into immediately

Businessinsider - Mon, 05/03/2021 - 21:50

If you buy through our links, we may earn money from affiliate partners. Learn more.

Cards and a beautiful bouquet of flowers will always make for good Mother's Day gifts, but if you really want to make her break out into a grin this Mother's Day, food is the not-so-secret secret to her heart.

While sweets are usually the more popular gift option, don't be afraid to gift a little outside the box and surprise her with a meal delivery subscription, gourmet salt, or hearty steaks.

We've personally taste-tested most of these food and drink gifts, and our satisfied stomachs can confirm they're as delicious and indulgent as they look.

Here are 28 food and drink gifts for Mother's Day 2021: Beautiful bonbons with flavors like orange creamsicle and red bean Gift the Vesta Mother's Day Jewel Bonbons, $24

The Dominican and South Korean cultural backgrounds of husband-wife team Roger and Julia Choi Rodriguez shine through in this collection of carefully crafted bonbons. Flavors include Té Gengibre (Ginger Tea), Morir Soñando (Orange Creamsicle), Yuja (Yuzu), and Daanpaat (Sweet Red Bean). If your mom prefers bars to bonbons, we love the complex Vegan Matcha Oat bar. 

Healthy and sustainably made EVOO Gift the Pineapple Collaborative Olive Oil, $34

Pineapple Collab makes olive oil pretty enough to display. It's 100% organic and grown in collaboration with olive miller Kathryn Tomajan. 

A virtual coffee tasting session, with a complete kit of coffee and equipment Gift the Bean & Bean Virtual Coffee Tasting + Brewing (DIY Cold Brew), $65

Go beyond a simple bag of beans and gift Mom a coffee tasting session along with it. Taught by a certified coffee cupper, the class will give her a fresh appreciation for coffee brewing. The kit comes with a bag of Bean & Bean's Downtown Blend, a Mr. Clever Brewer, a box of filters, and a bonus steeped bag. 

The oat milk dessert loved by New Yorkers Gift the Whipped Urban Dessert Lab Oat Milk Ice Creme Gift Set, $99

New York City's latest dessert craze revolves around oat milk, more specifically, oat milk ice cream. The plant-based, dairy-free desserts are now available on Goldbelly, where you can pick from flavors like Cinnamon Apple Crisp and Mint Chocolate Cookie. 

Responsibly sourced canned fish Gift the Scout Market Goods Bundle, $89.99

In case you haven't heard, tinned seafood is the delicacy you shouldn't sleep on. Scout's delicious "Seacuterie" spread includes Atlantic Canadian lobster, PEI mussels in a smoked paprika and fennel tomato sauce, and Ontario trout with dill, a memorable departure from the usual charcuterie board. 

A library of super fresh spices Gift the Occo Cinnamon Sampler, $20

Occo sells tiny portions of organic, ethically sourced spices — just the right amount you need for the new recipe you want to try tonight. Depending on what your mom typically likes to cook, you can buy spices for specific recipes, like this themed collection of Caribbean-Creole dishes, or explore a particular spice family, like the cinnamon varieties above. 

The mixes to make chocolate-y Mexican drinks Gift the La Monarca Chocolate Beverage Combo Pack, $45

The bakery's famous hot chocolate and Champurrado (a thick chocolate drink made with masa harina) draw visitors from all over Los Angeles. You and Mom can make both at home, with the help of a traditional Molinillo whisk. And, the bakery donates 1% of all sales to conservation efforts like butterfly habit conservation in Mexico. 

A box of mini cupcakes Gift the Super Mom 25-Pack, $45

It's pretty much impossible to eat just one of these bite-sized cupcakes, especially when they come in flavors like Midnight Munchies (it's chocolate cake stuffed with dulce de leche and topped with a potato chip and pretzel brittle) and Sugar Cookie Dough. This limited-edition gift box also comes with a card for you to add a personalized message. 


A box of craft beers she might not be able to find locally Gift the Mixed Beer Gift Set, $35

We're big fans of the fun variety that Tavour offers, from milkshake-inspired IPAs to strong sours. She'll need to clear some fridge space for this one. Gift cards are also available if she'd prefer to build her own box. 

An aperitif for Moms who don't imbibe Gift a bottle of Ghia, $33

Made from fruits and botanicals, this light and dry aperitif can be sipped on its own or mixed to create a refreshing non-alcoholic cocktail. 

The internet's favorite hot sauce Gift the Truff Hot Sauce Variety Pack, $69.99

While many hot sauces are all heat and no flavor, Truff serves up condiments that are sweet, complex, and mouthwatering. These might just be the fanciest hot sauces your mom will ever receive. 

A food delivery service that cuts down on prep work Gift the Daily Harvest Custom Gift Box, $75

Online healthy food startup Daily Harvest can feed her from breakfast to dinner with its bowls, bites, lattes, and smoothies. It even offers almond milk and "ice cream." She'll be able to fill her custom box with any nine items she wants. Prep is as easy as popping the bowl into a microwave or dumping the ingredients into a blender. 

Cereal she won't be able to stop snacking on Gift the Magic Spoon Variety 4-Pack, $39

The favorite cereal flavors of childhoods past are back in less sugary, more nutritious, and just as delicious forms. The high-protein, gluten-free cereals from Magic Spoon leave healthy, boring "adult" brands in the dust and are perfect for the kid at heart who eats a big bowl of cereal for breakfast every day.

Tender, flavorful American Wagyu beef Gift a Snake River Farms gift card

The highly marbled, award-winning American Wagyu beef from Snake River Farms is drool-worthy. If you know anything about your mom, she'll know exactly how to make these cuts shine. 

A trio of fancy honey Gift the Bushwick Kitchen Honey Trio, $49.99

This Brooklyn-based indie purveyor bestowed its gift of spicy, Meyer Lemon, and salted honeys to the world, and ice cream, cornbread, and even pizza have never tasted so good. Personally, I can't imagine going back to regular honey after using this honey, which offers just the right amount of kick to bring out the flavors of your dish. 

A Sugarfina and vodka gift set Gift the Van Gogh Pineapple Vodka with Sugarfina Tropical Gift Box, $57 

Whether mom's after a refreshing tropical cocktail or chewy gummies, you really can do no wrong here. Shop more ReserveBar x Sugarfina gift box options here.

Proof that Japan has the best snacks Gift the Classic Bokksu Box, $44.95

Bokksu's curations of creative Japanese snacks has delighted food lovers in countries all over the world. The snacks are sourced directly from artisan makers in Japan and each box revolves around a different theme each month. She'll get to enjoy 20 to 25 snacks, along with a tea pairing, and learn about each product's origin. 

A gift box of her favorite candy Gift the Economy Candy Gift Box, from $35

Chocolate covered this and that, green M&Ms, gold M&Ms, a 1950s vintage collection, a '70s one — the list is endless. You just have to choose the size: snack ($35), economy ($50), family ($75), or candy crazy ($100) and call it a day.

Decadent, chocolate-covered strawberries Gift the Shari's Gourmet Dipped Full Dozen Fancy Strawberries, $49.99

Shari's Berries doesn't settle for simple chocolate strawberries. It dips the fruit in a layer of white or milk chocolate, then tops on additional chocolate drizzle, ground coffee, and mini chocolate chips. 

Jams and jellies to up her PB&J game Gift the Mouth Stand By Your Jam Set, $92

Conjuring memories of PB&J-making sessions and sunny picnics, this set of rich, gourmet jams and jellies is sure to be devoured quickly. She'll get a whole array of flavors, from a bright apricot-orange to a multi-faceted cherry rosehip hibiscus. 

Wine handpicked by sommeliers Gift the SommSelect Explore 4 Gift Pack, $128

Don't know much about wine but still want to impress your mom? SommSelect takes care of the bottle picks and curation for you, so you can simply sit back and listen to her rave about her new favorite wine. The wine varieties in this collection hail from all over the world, from the Finger Lakes in New York to Swartland, South Africa. 

A Murray's Cheese gift box Gift the Murray's Greatest Hits Cheese Box, $95

Four of Murray's cheeses (Engish cheddar, mini brie, gruyere, and manchego) paired with cherry preserves, sea salt, and olive oil crackers, and Marcona almonds.

A coffee subscription that takes her around the world Gift the Atlas Coffee Club 3-Month Starter Pack Subscription, $60

Experience the unique coffee of three different countries through an Atlas Coffee Club subscription. Whether she's a whole bean, ground, light roast, or dark roast type of gal, she'll get a cool world tour of coffee she's never tried before.

A salt-tasting flight Gift the Jacobsen Salt Co. 6 Vial Infused Salt Set, $30.23

Another underrated ingredient that can make a big difference is flavored salt. She'll proudly display these salts — PureFlake, black pepper, black garlic, pino noir, habanero, and rosemary — in the included wooden stand and receive suggested pairings for each salt. After sampling this diverse array, she can order the full size online. 

Cookies and pie from Milk Bar Gift the Milk Bar Cheerleader Box, $82

For the biggest cheerleader in your life, this combo pack features two of Milk Bar's greatest hits: chewy cookies and the famously rich and gooey Milk Bar pie. 

A matcha-ceremony set Gift the Jade Leaf Matcha Ceremony Set, $59.95

Matcha is about the ritual of preparation as much as it is about the flavor and antioxidant benefits. This set contains all the tools and instructions she needs to make a cup of matcha at home — no more overpaying at the trendy shop in the city. 

The healthy-eating program she's been wanting to try Gift the Sakara Life 5-Day Program, $350

The Sakara Life clean eating program is all the buzz in the health and fitness worlds, but does it really live up to the hype? Give Mom an opportunity to see for herself by gifting a one-week trial. It's not cheap, but the meals are made from fresh and organic ingredients, taste great, and will be delivered right to her door.

Baked goods that are hard to get right Gift the Seven Sisters Scones Dozen Sampler, $56

Pastries like muffins and brownies usually get all the glory. Seven Sisters Scones, however, focuses exclusively on the humble scone, and does it justice. Often maligned for being dry and crumbly, the scones from this Georgia-based bakery come in a variety of sweet and savory flavors to enjoy for breakfast or with a warm beverage. 


Read the original article on Business Insider
Categories: English

Bill and Melinda Gates are ending their marriage after 27 years

Businessinsider - Mon, 05/03/2021 - 21:41
  • Bill and Melinda Gates married in 1994 and announced on Monday they were divorcing.
  • The Gates spend much of their $130 billion fortune on charity via the Bill and Melinda Foundation.
  • The pair have three children together and plan to continue work on their charitable foundation.
  • See more stories on Insider's business page.

Bill and Melinda Gates are ending their marriage of 27 years.

Melinda Gates and the Microsoft cofounder both tweeted on Monday a statement announcing the divorce.

"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage," their statement said. "Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives."

-Bill Gates (@BillGates) May 3, 2021

The philanthropists said in the statement that they planned to continue to work together on the Bill and Melinda Gates Foundation.

The pair married in 1994, seven years after Melinda Gates joined Microsoft as a product manager. When Bill Gates initially asked her out, he inquired if they could go out "two weeks from tonight."

Melinda Gates said: "I have no idea what I'm doing two weeks from tonight." Bill Gates responded: "You're not spontaneous enough for me." After taking her number, he ended up calling her that same day.

They have three children together, including one who is a nationally ranked equestrian show jumper. Each of the Gates children will inherit $10 million, Bill Gates has said, and the rest of the Gates' fortune will go to charity.

About the time that the pair met, Microsoft had a market capitalization of about $35 billion. Now, that figure is almost $2 trillion, and Microsoft is one of the most valuable companies.

Bill Gates has an estimated net worth of $124 billion, which grew from $98 billion in 2020, according to Forbes. He is No. 4 on the outlet's ranking of the world's billionaires.

Forbes named Melinda Gates one of the most powerful women in philanthropy, placing her at the No. 5 spot on its "Power Women 2020" list. Melinda Gates has changed her Twitter-profile name to Melinda French Gates, incorporating her maiden name into the moniker.

The Gates' have long said they will spend their fortune on philanthropic causes, particularly through the Bill and Melinda Gate Foundation. They launched the organization in 2000 and have given billions to global health, poverty, and education.

The Bill and Melinda Gates Foundation has donated upward of $250 million to coronavirus-response efforts since the pandemic began in March 2020.

In 2010, they launched The Giving Pledge with the billionaire investor Warren Buffett, a commitment to give most of their wealth to charity during their lifetime or pledge to do so after their death.

Details about the divorce are unclear, but the resulting settlement could be one of the largest ever. When Amazon CEO Jeff Bezos and his wife, MacKenzie, split up in 2019, their settlement was $38 billion. The settlement made MacKenzie Scott the third-wealthiest woman.

The Gates' split is likely to lead to questions from those in the nonprofit world wondering how, if at all, the foundation's decision-making around investments will be affected.

Read the original article on Business Insider
Categories: English

Stock market bullishness is at a 13-year high, but euphoric sentiment also means it may soon be time to sell, Bank of America says

Businessinsider - Mon, 05/03/2021 - 21:32
  • Bank of America said bullishness in the stock market is the highest in 13 years.
  • But its contrarian Sell Side Indicator is very close to tilting into an area that will signal to investors that it's time to sell.
  • BofA said it still prefers cyclical stocks.
  • See more stories on Insider's business page.

Investors are the most enthusiastic about stocks since the global financial crisis more than 10 years ago but the market is edging closer to indicating that it's time to sell, Bank of America said Monday.

Wall Street's bullishness on stocks is a reliable contrarian indicator, BofA said in a note showing that its Sell Side Indicator rose to a 13-year high of 59.8% in April from 59.4% in March. The indicator is based on the average recommended equity allocation of Wall Street strategists.

The indicator is also 50 basis points away - at 60.3% - from the contrarian 'sell' threshold.

"Increasingly euphoric sentiment is a driver of our more cautious outlook as we believe that vaccine deployment, economic reopening, stimulus, etc. are largely priced in," said equity strategists led by Savita Subramanian. "We have not seen a 5% pullback in six months ... nor have we experienced a 10% correction in 14 months."

Pullbacks in stocks occur on average 3 times per year and corrections historically are a once-per-year phenomenon, BofA said. A correction is widely considered a decline of 10% or more in an index or an asset from its most recent high.

The signal to sell stocks is at its closest since May 2007, after which the S&P 500 dropped by 7% in the subsequent 12 months, said BofA. The indicator is currently pointing to 12-month returns of 6%, a "much weaker outlook" compared with an average 12-month forecast of 14% since the end of the global financial crisis.

Bullishness among investors was on display through Wall Street's three widely watched indexes which in April hit record highs. April proved to be a good month for US equities, with the S&P 500 index climbing by 5.2% and the Nasdaq Composite gaining 5.4%. The Dow Jones Industrial Average rose 2.7% and crossed above 34,000 for the first time. Investors pushed stocks up as corporate earnings have come in ahead of analyst expectations and more economic data point to further recovery in the world's largest economy from the COVID-19 pandemic.

Equity allocations since March 2020 have risen more than 3.5 times faster than they typically do following bear markets, the strategists said. Stocks crashed in March of last year as the coronavirus health crisis accelerated.

"Lofty valuations, juxtaposed against the potential for bad inflation, rising rates, and higher taxes on corporates and consumers. But we are bullish on economic / profits / capex growth, driving our preference for cyclical stocks," wrote Subramanian.

Read the original article on Business Insider
Categories: English

Low-wage workers and mothers of color lost more in the pandemic economy, Fed Chair Powell says

Businessinsider - Mon, 05/03/2021 - 21:28
Federal Reserve Board Chairman Jerome Powell.
  • In a Monday speech, Jerome Powell discussed data on inequities from an upcoming Federal Reserve survey.
  • Black and Hispanic workers disproportionately suffered in the pandemic, especially mothers, he said.
  • A K-shaped recovery has taken shape, with higher-earning workers seeing job and income growth.
  • See more stories on Insider's business page.

Low-wage workers and workers of color have seen a slower recovery than the rest of the labor force, Fed Chair Jerome Powell said on Monday.

In a speech for the National Community Reinvestment Coalition, Powell highlighted data from an upcoming Federal Reserve survey, showing how low-wage workers and workers of color bore a disproportionate blow from the pandemic's economic devastation.

For instance, Powell said, 20% of those in the lowest-earning group were still unemployed a year out from February 2020. Among the highest-earners, that number was 6%.

Workers of color and less-educated workers were also more likely to be laid off. According to that new survey, 20% of "prime-age adults" without a bachelor's degree were laid off, compared to 12% of their college-educated peers.

Over 20% of Black and Hispanic workers saw layoffs in a set period, compared to 14% of white workers.

Women - particularly mothers - have been disproportionately impacted by the pandemic, with wage gap progress and labor force participation set back substantially. According to Powell, labor force participation dropped by about 4% for Black and Hispanic women, compared to 1.6% for white women and 2% for men.

Research from the National Women's Law Center (NWLC) found that the unemployment rate for mothers doubled from 2019 to 2020, rising from 3.5% to 7.5%. The rate was higher from Asian, Black, and Latina mothers. And 575,000 mothers completely left the labor force - meaning that they aren't counted in unemployment rates.

Broadly, Powell said, 22% of parents had either paused working or worked less due to childcare needs. That number was far higher for Black and Hispanic mothers, coming in at 36% and 30%, respectively.

And the NWLC report found that, even prior to the pandemic, mothers saw a wage gap compared to white fathers. Black mothers lose $33,600 every year, and Latina mothers lose $38,000, showing how the pandemic exacerbated preexisting disparities.

All of the data shows a continued trend of unequal recovery, which economists - and President Joe Biden - call a "K-shaped" recovery. That's when high-earning workers see their jobs and incomes rebound and grow, while low-earning workers experience the opposite.

"We will only reach our full potential when everyone can contribute to, and share in, the benefits of prosperity," Powell said.

Jobs have rebounded somewhat, with jobless claims coming in at pandemic-era lows. However, millions of Americans still remain unemployed.

Read the original article on Business Insider
Categories: English

Share buyback plans have boomed and should help the US stock market continue to soar higher, research firm says

Businessinsider - Mon, 05/03/2021 - 21:27
  • Corporate buyback announcements 'exploded' as trading in April wrapped up and that helped push stocks higher, said Vanda Research.
  • A jump in buybacks should help soften the blow in the US equity market in the event of a drawdown.
  • "As net equity supply shrinks every dollar invested in the US market will have a larger marginal impact," said Vanda.
  • See more stories on Insider's business page.

There's been a surge in planned corporate share buybacks and that should help support US stocks as they trade around record highs, according to independent equity research firm Vanda.

Share buyback announcements "exploded" last week, led by Apple saying its board has authorized an increase of $90 billion in its existing share repurchase program and with Google's parent company Alphabet saying its board greenlighted the repurchase of up to an additional $50 billion of its own stock.

The announcements contributed to the advance in US stocks as investors wrapped up trading in April that left the S&P 500 and the Nasdaq Composite each gaining at least 5% for the month and the indexes not far off from record highs.

The planned buybacks should also help the stock market in two ways, said Vanda Research, whose VandaTracks arm tallies retail investing activity in 9,000 individual stocks and ETFs in the US.

"In the event of a drawdown, corporate desks will buy shares at discounted valuations, cushioning the blow from institutional selling," wrote Vanda Research senior strategist Ben Onatibia and analyst Giacomo Pierantoni in a note published Monday.

Secondly, they say net equity supply will be negative through 2021, even if the recent rise in IPOs and share offerings is sustained. Companies in the US have been issuing new shares at an annualized pace of US$660 billion through April, while S&P companies have announced $860 billion worth of buybacks annualized.

"As net equity supply shrinks every dollar invested in the US market will have a larger marginal impact and could perpetuate the outperformance of US equities," versus the equity markets worldwide, Vanda said.

Bank of America recently said Wall Street may be on track for $900 billion of gross S&P 500 buybacks in 2021.

Read the original article on Business Insider
Categories: English

'The Bad Batch,' the new 'Star Wars' animated series, hits Disney Plus on May 4

Businessinsider - Mon, 05/03/2021 - 21:20

If you buy through our links, we may earn money from affiliate partners. Learn more.

Monthly Subscription Service (small)

"Star Wars: The Bad Batch" is a new animated series debuting on Disney Plus on May 4, which is a date also known as "Star Wars Day." The premiere will be an extended episode running 70 minutes, and new episodes will arrive every Friday starting May 7.

"The Bad Batch" refers to a specialized crew of soldiers introduced in another animated series, "Star Wars: The Clone Wars." While most of the Republic's clone soldiers are identical, the five members of Clone Force 99 have unique abilities that make them an elite team. The miniseries takes place as the Republic army becomes the villainous Galactic Empire from the original "Star Wars" film, and the members of The Bad Batch are forced to choose sides.

Disney Plus is the streaming home for the entire "Star Wars" franchise, including more original series. "The Mandalorian" completed season two in fall 2020, and Disney has announced a full lineup of upcoming "Star Wars" movies and shows.

How to watch 'Star Wars: The Bad Batch' on Disney Plus

To watch "Star Wars: The Bad Batch" you'll need a Disney Plus subscription. The service costs $8 a month or $80 a year. The series premieres on May 4, and new episodes will debut every Friday starting May 7.

You can find the Disney Plus app on iOS, Android, PlayStation, Xbox, and most smart TV and streaming player brands. You can also access the service through the Disney Plus website to watch online.

Disney Plus has some of the best quality options of any streaming service, with support for up to 4K HDR video with Dolby Vision and Dolby Atmos. You can also download movies and shows to watch offline later.

If you're looking for more "Star Wars" series and films to stream, be sure to check out our full breakdown of all the "Star Wars" offerings on Disney Plus, and our list of the top "Star Wars" video games.

What other movies and shows can I watch on Disney Plus?

Disney Plus is an on-demand subscription service that gives you access to thousands of hours worth of "Star Wars," Marvel, and Disney movies and shows for $8 a month or $80 per year.

In addition to a huge library that includes almost every "Star Wars" program, Disney Plus also offers a collection of exclusive series like the "The Right Stuff," and Marvel shows like "WandaVision" and "The Falcon and the Winter Soldier."

You can check out a detailed roundup of all the Disney Plus exclusive shows here, and a full breakdown of all the exclusive Disney Plus movies here.

Monthly Subscription Service (small)Bundle Monthly Subscription (small)Read the original article on Business Insider
Categories: English

Why ether's 349% rally this year is less hype-driven than previous bull cycles, according to one crypto researcher

Businessinsider - Mon, 05/03/2021 - 21:17
Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015
  • Ether hit a new all-time high above $3,100 on Monday.
  • Coindesk's Noelle Acheson said the rally appears to be less-frothy and driven by more fundamental reasons.
  • Anticipation of a network upgrade and a better understanding of Ethereum's role in decentralized finance is propelling the latest rally, she said.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Ether's current rally is less hype-driven and based more on fundamentals than in previous cycles as investors begin to understand Ethereum's role in decentralized finance, according to Coindesk's managing director of research Noelle Acheson.

The cryptocurrency built on top of the open source Ethereum blockchain hit a new all-time high above $3,100 Monday morning in its ninth straight day of gains.

That takes its year-to-date gains to more than 300%, far exceeding bitcoin's 95% rise in 2021.

While Acheson said part of the price movement upward is likely driven by investors eyeing the round number of $3,000 and jumping in, it's nothing like the momentum trading Ether saw from retail investors in 2017 during its last bull cycle.

"This time around there seem to be more professional investors involved...and the retail market is better informed about crypto more broadly," Acheson told Insider.

When Ether reached $1,000 in 2017, just two years after the coin began trading publicly, it was very "inflated" given the fact that Ethereum network didn't have that many applications built on top of it, she said.

"Now, Ethereum is powering decentralized finance, it's powering stablecoins, it's powering part of the NFT universe," Acheson added, saying that the potential of the Ethereum network is better understood than four years ago.

Decentralized finance refers to a class of new applications that aim to replace traditional financial products - like lending and borrowing, trading, saving, derivatives, and options - through the use of decentralized tech, rather than relying on a company or bank. Ethereum was made for these "DeFi" applications to be built on top of the Ethereum blockchain.

Ether's price is also going higher as investors prepare for the Ethereum network to undergo a massive upgrade to "Ethereum 2.0" that will improve the network and make it more scalable, Acheson said.

Though she emphasized that this upgrade and further institutional adoption doesn't guarantee that the price of Ether will continue to go up.

Read the original article on Business Insider
Categories: English

From cafeteria workers to principals, here's what everyone makes in a public school

Businessinsider - Mon, 05/03/2021 - 21:16
Elementary school teachers earn a median wage of $62,050 a year. 35. Fast food and counter workers earn a median of $25,510 a year and 121,970 are employed by public schools. 34. Institutional and cafeteria cooks earn a median of $26,130 a year and 116,220 are employed by public schools. 33. Childcare workers earn a median of $28,560 a year and 88,280 are employed by public schools. 32. School bus monitors and protective service workers, all other, earn a median of $29,120 a year and 58,930 are employed by public schools.

This is a catch-all category used by the BLS to designate protective service occupations that are not included in other occupational groups. 

31. Teacher assistants earn a median of $29,320 and 963,030 are employed by public schools. 30. Substitute teachers earn a median of $29,510 a year and 414,660 are employed by public schools. 29. Coaches and scouts earn a median of $30,890 a year and 39,440 are employed by public schools. 28. Education instruction and library workers, all other, earn a median of $31,410 a year and 50,940 are employed by public schools.

This is a catch-all category used by the BLS to designate educational occupations that are not included in other occupational groups. 

27. Janitors and cleaners earn a median of $31,950 a year and 276,360 are employed by public schools. Olympic marathon hopeful Urige Buta pushes a cleaning cart as he works at a high school in Haugesund, west of Oslo on March 19, 2012. 26. Office clerks earn a median of $33,330 a year and 94,600 are employed by public schools. 25. Bus drivers earn a median of $33,900 and 189,570 are employed by public schools. 24. Security guards earn a median of $35,720 and 28,890 are employed by public schools. 23. First-line supervisors of food prep and serving workers earn a median of $36,440 a year and 32,890 are employed by public schools. 22. Secretaries and administrative assistants earn a median of $38,260 a year and 205,820 are employed by public schools. 21. Bookkeeping, accounting, and auditing clerks earn a median of $42,400 a year and 28,940 are employed by public schools. 20. Maintenance and repair workers earn a median of $44,440 a year and 53,340 are employed by public schools. 19. Teachers and instructors, all other, earn a median of $47,250 a year and 87,550 are employed by public schools.

This is a catch-all category used by the BLS to designate class-room occupations that are not included in other occupational groups. 

18. Computer user support specialists earn a median of $48,000 a year and 30,370 are employed by public schools. 17. Preschool teachers earn a median of $53,550 a year and 48,640 are employed by public schools. 16. Registered nurses earn a median of $58,810 a year and 48,800 are employed by public schools. 15. Kindergarten teachers earn a median of $59,300 a year and 101,900 are employed by public schools. 14. Kindergarten and elementary school special education teachers earn a median of $61,090 and 170,250 are employed by public schools. 13. Middle school teachers earn a median of $61,780 a year and 529,600 are employed by public schools. 12. Child, family, and school social workers earn a median of $61,790 a year and 39,900 are employed by public schools. 11. Middle school special education teachers earn a median of $61,980 and 74,930 are employed by public schools. Six-year-old Gwendoline, an autistic child, works with Professor Gilbert Lelord at Bretonneau hospital in Tours, France. 10. Elementary school teachers earn a median of $62,050 and 1,199,550 are employed by public schools. 9. High school career and technical education teachers earn a median of $62,340 and 66,140 are employed by public schools. 8. Librarians and media collections specialists earn a median of $62,690 and 42,900 are employed by public schools. 7. High school special education teachers earn a median of $63,060 and 123,160 are employed by public schools. 6. High school teachers earn a median of $63,400 a year and 847,900 are employed by public schools. English teacher Radka Tomasek speaks to the class at the English Center June 16, 2006 in Miami, Florida. 5. Educational, guidance, school, and vocational counselors earn a median of $65,840 a year and 126,500 are employed by public schools. 4. Instructional coordinators earn a median of $70,210 a year and 70,420 are employed by public schools. In this May 13, 2010 photo, English teacher Nicholas Melvoin walks around his classroom as he teaches at Edwin Markham Middle School. 3. Speech-language pathologists earn a median of $71,120 a year and 53,960 are employed by public schools. 2. Clinical, counseling, and school psychologists earn a median of $77,500 and 41,320 are employed by public schools. 1. Education administrators, such as principals and superintendents, earn a median of $99,690 and 214,110 are employed by public schools. Method and data source

Public schools employ a wide variety of workers, and salaries range from well below the median wage to very high-paying.

The Bureau of Labor Statistics' Occupational Employment and Wage Statistics program offers data on employment and wages across different occupations and industries. According to that report, there were about 7.27 million Americans employed by public schools owned by local governments in May 2020, the most recent year for which data is available.

The median annual wage across all public school occupations was $49,680. The salaries for occupations with at least 25,000 employed within the sector range from $25,510 for fast food and counter workers to $99,690 for education administrators.

Teacher salaries also vary between grade levels. For instance, high school teachers earn a median wage of $63,400 a year, while middle school teachers earn a median wage of $61,780. 

For our analysis, we looked at all the occupations with at least 25,000 employees in the local-government-owned school sector in May 2020. We then ranked these occupations from lowest to highest wage. In addition to the median annual pay, the above slides also include the number of people in that job within this industry.

Read the original article on Business Insider
Categories: English

Expensive lumber costs have added $36,000 to the average price of a new home, report finds

Businessinsider - Mon, 05/03/2021 - 21:11
Construction workers build a new Centex home on Tuesday, June 23, 2020, in Houston.
  • Expensive lumber has added to the costs of new houses in a year when all house prices have skyrocketed.
  • NAHB found that soaring lumber costs have added $35,872 to the average price of a new home.
  • Experts are concerned that high home prices will hinder homebuying for many - especially millennials.
  • See more stories on Insider's business page.

Just a few months ago, in February, the National Association of Home Builders (NAHB) released shocking data about how the historic appreciation in lumber prices was crimping the housing market. A newbuild was $24,000 more expensive, on average.

Three months later, that number now stands at $35,872.

The housing market took off last summer, as the pandemic enabled many to work from home indefinitely, and with mortgage rates so low, many people rushed to buy new homes. But the pandemic shut down lumber production, and it hasn't kept pace with building since.

"This unprecedented price surge is hurting American home buyers and home builders and impeding housing and economic growth," NAHB Chairman Chuck Fowke said in a statement. "These lumber price hikes are clearly unsustainable. Policymakers need to examine the lumber supply chain, identify the causes for high prices and supply constraints and seek immediate remedies that will increase production."

A report from the NAHB in February said the lumber supply chain impact came as factories shut down almost immediately last March for safety reasons, and then as demand spiked, supply couldn't keep up. Lumber prices have jumped by 340% compared to last year.

Insider reported on March 26 that because lumber prices are so high, home builders have been building fewer homes and intentionally raising prices to keep up with the high demand for houses amidst the low supply of lumber.

In addition, a report from Redfin - a real estate brokerage- found that the average home sale price hit an all-time record in March, increasing 16% year-over-year t0 $331, 590, and with about one in three homes being sold for more than the asking price in February, experts like Redfin Chief Economist Daryl Fairweather are concerned.

"When the pandemic is over, purchasing a home is going to cost much more than ever before, putting homeownership much further out of reach for many Americans," Fairweather said in a statement. "That means a future in which most Americans will not have the opportunity to build wealth through home equity, which will worsen inequality in our society."

Insider's Hillary Hoffower reported on April 30 that the pandemic and the lumber shortage are combining to put homeownership out of reach for many, but especially the millennials entering their prime homebuying years. Fairweather told said the housing shortage is leaving millennials "boxed out of the housing market."

On March 12, the NAHB, along with more than 35 other housing organizations, wrote a letter to Commerce Secretary Gina Raimondo asking her to examine the lumber supply chain and look into solutions for the high costs.

They said: "Housing and construction can do their parts to create jobs, boost the economy to its pre-pandemic strength, and provide safe and affordable housing for all Americans, but in order to do so the federal government needs to address skyrocketing lumber prices and chronic shortages."

Read the original article on Business Insider
Categories: English

Dow jumps 238 points as Fed's Williams says strong economic growth not yet enough to impact monetary policy

Businessinsider - Mon, 05/03/2021 - 21:08
  • US stocks were mixed on Monday, with the Nasdaq 100 falling while the S&P 500 and Dow Jones rallied higher.
  • The Fed's John Williams said on Monday that the strengthening economy is not yet enough to impact monetary policy.
  • Investors are awaiting another big week of earnings, as PayPal, General Motors, and Etsy are set to report.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

US stocks were mixed on Monday, with the S&P 500 and Dow Jones rising as the Nasdaq 100 fell.

The mixed trading came amid comments from the Fed's John Williams, who said accelerating economic growth is not yet enough to impact the Fed's easy monetary policy.

"It's clear there is a big shift in the economy, and the outlook has improved," Williams said at a virtual event. "But let me emphasize that the data and conditions we are seeing now are not nearly enough for the FOMC to shift its monetary policy stance."

The Fed is currently buying $120 billion of bonds per month and has set its Fed Funds Rate at near zero. Investors are also anticipating another big week of corporate earnings, as PayPal, General Motors, and Etsy are set to report later this week.

Here's where US indexes stood at the 4:00 p.m. ET close on Monday:

Investors turned their focus to Berkshire Hathaway's Warren Buffett and Charlie Munger over the weekend as the company held its annual shareholders meeting virtually.

Buffett and Munger cautioned investors against speculative investing, said that trimming their positions in Apple and Costco was a mistake, and harpooned Robinhood, SPACs, and cryptocurrencies throughout the meeting.

Munger's criticism of cryptocurrencies didn't stop investors from bidding up ethereum and bitcoin over the weekend. Ethereum surged to record highs above the $3,000 level, and Ark Invest laid out 3 reasons why the cryptocurrency is surging.

Buffett confirmed that Greg Abel will be his likely successor at Berkshire Hathaway. Abel currently leads Berkshire Hathaway's energy business. Abel has long been seen by investors as a strong contender to lead the $631 billion conglomerate.

Fidelity cut its implied valuation of Ant Group in half to $144 billion, according to regulatory filings. The mutual fund giant had previously valued its Ant Group stake at $295 billion, but increased regulatory scrutiny from China led to a canceled IPO and a depressed valuation.

Oil prices were higher. West Texas Intermediate crude rose 1.34%, to $64.43 per barrel. Brent crude, oil's international benchmark, jumped by 1.09%, to $67.49 per barrel.

Gold jumped 1.3%, to $1,791.30 ounce.

Read the original article on Business Insider
Categories: English

Meet Greg Abel, the 58-year-old Berkshire Hathaway vice chairman just tapped as Warren Buffett's successor

Businessinsider - Mon, 05/03/2021 - 21:04

Berkshire Hathaway held its annual shareholder meeting on Saturday, and Warren Buffett pointed to Greg Abel, the 58-year-old leader of Berkshire's non-insurance businesses, as the next in line if the Oracle of Omaha steps down.

"The directors are in agreement that if something were to happen to me tonight it would be Greg who'd take over tomorrow morning," Buffett told CNBC on Monday.

Speculation about a successor for the famed billionaire investor began in 2006, when a spry 75-year-old Buffett first discussed succession plans in an annual shareholder letter.

At the time, Buffett said that while how he had hoped Charlie Munger, his longtime right-hand man, would take over the business, he needed someone younger to fill the role.

Buffett added that Berkshire needed "someone genetically programmed to recognize and avoid serious risks, including those never before encountered."

Abel's comments at this year's shareholder meeting suggest he may be exactly the "genetically programmed" risk manager that Buffett, now 90, had envisioned in 2006.

"I'm trying to understand what our competitors are doing, what's the fundamental risks around those businesses, how they're going to get disrupted," Abel said. "It always comes back to are we allocating our capital properly in those businesses relative to the risk?"

Background and résumé

Abel began his career working for PricewaterhouseCoopers before joining CalEnergy, a geothermal-electricity producer, in 1992.

In 1999, CalEnergy acquired MidAmerican Energy and adopted its name before Berkshire Hathaway picked up a controlling interest in the firm later that year.

In 2008, Abel became the CEO of MidAmerican, which was renamed Berkshire Hathaway Energy in 2014.

The Canadian-born certified public accountant was the CEO of Berkshire Hathaway Energy from 2008 to 2018 and the president from 1998 to 2018. Abel currently serves as Berkshire Hathaway Energy's chairman and has served on the board of directors since 2000.

In January 2018, Abel was named vice chairman of non-insurance operations for all of Berkshire Hathaway and appointed to the conglomerate's board of directors.

Abel also serves as a director and vice chairman of Associated Electric & Gas Insurance Services Limited and is on the board of directors for the Kraft Heinz Company and AEGIS Insurance Services.

Read more: Buy these 14 high-quality stocks poised to beat the market as the economy enters a new phase of rapid growth, Credit Suisse says

The succession of the Oracle of Omaha

Abel has for years been known on Wall Street as the likely successor to Buffett.

In 2017, Sarah DeWitt, an analyst with JPMorgan, initiated coverage of Berkshire and said the energy executive was the "most likely" candidate to replace Buffett.

The conglomerate, however, didn't confirm the suspicion - until Saturday. At Berkshire's annual meeting, Abel was named the successor to Buffett.

Munger, Berkshire's vice chairman, said he believed that Abel would "keep the culture" that has made Berkshire so successful for decades, CNBC reported.

During his reign, Buffett has turned Berkshire Hathaway into a more than $630 billion business. The conglomerate owns a share of everything from Apple and Coca-Cola to Bank of America and UPS.

Buffett has been an ardent supporter of the American economy - and the stocks that track it - since he began investing in 1942.

Based on what Buffett and Munger have said about Abel, investors can expect much of the same from the longtime Berkshire loyalist when he takes the reins.

Thoughts from the Street

Analysts, market commentators, and professors were mostly positive about Abel's prospects as the leader of Berkshire Hathaway. Here are four reactions to the news of his selection:

1. "Abel, of course, does not have the charisma, personality, and reputation that Buffett built over decades, so he's not going to have that magnetism that Buffett has, but he exudes extreme competence and success. He has a very successful track record at Berkshire, and I don't think shareholders can ask for anything more than that," David Kass, a professor of finance at the University of Maryland's Robert H. Smith School of Business, told Bloomberg.

2. "Greg is a natural successor to Warren Buffet and has been groomed for this post. Culturally it's a smart pick and one that should sit well for investors. That said, filling the shoes of a global icon and investing genius is a tough task and will have its share of challenges ahead. It's like filling in for Mantle or Gehrig in the Yankees lineup after they left," Dan Ives, the managing director of equity research at Wedbush Securities, told Insider via email.

3. "The good news with Greg was he had the answers on his tongue. There was no question or ambiguity in his responses. Let's hope Charlie is right that the culture can be replicated," Ed Walczak, a portfolio manager at Vontobel, told the Financial Times.

4. Jim Shanahan, an analyst at Edward Jones, told Reuters that he suspected Buffett "disclosed this reluctantly." He added that "Abel's coronation is not exactly a surprise" and that he had a "great deal of comfort" with him taking over the business.

Read more: Jefferies unveils 14 stocks with exposure to the booming NFT opportunity as digital collectibles continue to become more mainstream despite the recent price slump

Read the original article on Business Insider
Categories: English

Cathie Wood's ARK funds bought 1.3 million shares of Twitter as the stock plummeted 15%

Businessinsider - Mon, 05/03/2021 - 21:03
Cathie Wood is the founder, CEO, and CIO of ARK Investment Management.

Cathie Wood's Ark ETFs snapped up about 1.3 million shares of Twitter shares during the worst trading week for the social media company since last October.

On April 30, the star stock picker's funds bought 1.3 million shares of Twitter, with 843,194 shares purchased by the Ark Innovation ETF (ARKK) and 468,256 shares snapped up by the Ark Next Generation Internet ETF (ARKW), according to daily trading updates from the funds. The shares are worth about $71.2 million as of Monday afternoon.

Both funds have a combined net asset value of roughly $29 billion, according to website.

The social media giant on Friday tumbled as much as 15%, declining for the fifth straight session after its first-quarter earnings report missed analyst estimates.

Twitter is trading lower by 0.91% to %54.74 as of 3:00 p.m. ET.

Wood had a banner year in 2020, earning her a cult-like following in the industry. Her funds have delivered eye-popping returns with her flagship fund up more than 150% in 2020.

This year has been slower for Wood, though. ARKK is down by 2.07% year-to-date while ARKW is up 2.49%.

Read the original article on Business Insider
Categories: English

The nation's top general is considering ending commanders' roles in reviewing military sex assault cases

Businessinsider - Mon, 05/03/2021 - 21:02
Joint Chiefs Chairman Gen. Mark Milley arrives to the chamber ahead of President Joe Biden speaking to a joint session of Congress, Wednesday, April 28, 2021, in the House Chamber at the U.S. Capitol in Washington.
  • Gen. Mark Milley says he is dropping his opposition to a proposal to take decisions on sexual assault prosecution out of the hands of commanders.
  • He said sexual assault in the military continues to happen despite efforts to stop it.
  • Milley said he would reserve judgment on the proposal until the review commission has finished its work and recommendations are fully debated.
  • See more stories on Insider's business page.

WASHINGTON (AP) - In a potentially significant shift in the debate over combating sexual assault in the military, the nation's top general says he is dropping his opposition to a proposal to take decisions on sexual assault prosecution out of the hands of commanders.

Gen. Mark Milley, chairman of the Joint Chiefs of Staff, stopped short of endorsing the changes recommended by an independent review panel. But in an interview with The Associated Press and CNN, Milley said he is now open to considering them because the problem of sexual assault in the military has persisted despite other efforts to solve it.

"We've been at it for years, and we haven't effectively moved the needle," he said. "We have to. We must."

The comments by Milley, as arguably the most influential officer and as the senior military adviser to Defense Secretary Lloyd Austin and to President Joe Biden, are likely to carry considerable weight among the service chiefs and add to momentum for the change.

Austin, himself a former senior commander and former vice chief of the Army, has not publicly commented on the review commission's proposal, but it is his creation and thus its recommendations are seen as especially weighty. Lawmakers are also stepping up pressure for the change.

Milley said he would reserve judgment on the proposal to take prosecution authority on sexual assault cases away from commanders until the review commission has finished its work and its recommendations are fully debated within the military leadership.

The review commission submitted its initial recommendations to Austin late last month. Officials have said they expect him to give service leaders about a month to review and respond.

The review panel said that for certain special victims crimes, designated independent judge advocates reporting to a civilian-led office of the Chief Special Victim Prosecutor should decide two key legal questions: whether to charge someone and, ultimately, if that charge should go to a court martial. The crimes would include sexual assault, sexual harassment and, potentially, certain hate crimes.

This goes against longstanding and vehement Pentagon opposition to such moves.

"I was adamantly opposed to that for years," Milley said, speaking during a military flight Sunday. "But I haven't seen the needle move" - referring to a failure to reduce the number of reported sexual assaults.

Indeed, in response to policy questions for his July 2019 Senate confirmation hearing, Milley wrote: "Commanders must retain the ability to hold all service members in their formation accountable for their actions. The authority to discipline service members, to include convening courts-martial, is an important tool that enables commanders to fulfill their responsibility to their people and to establish an appropriate culture where victims are treated with dignity and respect."

In his comments Sunday, Milley said he has shifted his thinking in part because he is concerned by indications of a lack of confidence by junior enlisted service members in the fairness of sexual assault case outcomes. He said this amounts to an erosion of confidence in the military chain of command.

"That's really bad for our military if that's true, and survey and the evidence indicate it is true," he said. "That's a really bad situation if the enlisted force - the junior enlisted force - lacks confidence in their chain of command to be able to effectively deal with the issue of sexual assault."

Formal reports of sexual assault in the military continue to increase

Sexual assault has long plagued the military, triggered widespread congressional condemnation and frustrated military leaders struggling to find prevention, treatment and prosecution efforts that work. The most recent of the Defense Department's biennial anonymous surveys, done in 2018, found that more than 20,000 service members said they experienced some type of sexual assault, but only a third of those filed a formal report.

Formal reports of sexual assaults have steadily gone up since 2006, including a 13% jump in 2018 and a 3% increase in 2019, according to Pentagon data. The 2020 data is not yet available.

There have been a number of changes in the Uniform Code of Military Justice over the last decade to add more civilian oversight to the military's prosecution of sexual assault cases and to beef up assistance for victims. But, lawmakers, including Sen. Kirsten Gillibrand, have long demanded a more concrete shift, arguing that commanding officers should be stripped of the authority to decide whether serious crimes go to trial.

Those commanders, Gillibrand and others argue, are often reluctant to pursue charges against their troops, and overrule recommendations for courts martial or reduce the charges. And they say that victims consistently say they are reluctant to file complaints because they don't believe they'll get support from their superiors since often their attacker is in the chain of command.

Taking that prosecution authority away from commanders, however, is seen in the military as eroding a basic principle - that a commander obligated to maintain order and discipline among his troops must have the authority to decide when to prosecute cases. Thus Gillibrand was met with widespread resistance among senior officers.

Milley said he now welcomes "a fresh set of eyes" from the review commission, whose members he has spoken with directly.

"We want that," he said, adding that he is "very open" to any and all ideas the commission puts forth.

"I'm confident that the recommendations of the independent review commission - I'm confident they'll develop evidence-based solutions, and that would be important as we go forward," he said.

Milley said it would be unrealistic to think that sexual assault in the military can be fully eliminated.

"Realistically, crime will occur. So zero might be an unrealistic objective, although it certainly is a desirable objective because one sexual assault is too many. But having said that, realistically, getting it to zero is probably not achievable."

Read the original article on Business Insider
Categories: English

46 thoughtful Mother's Day gifts for new moms

Businessinsider - Mon, 05/03/2021 - 20:53

If you buy through our links, we may earn money from affiliate partners. Learn more.

  • Make Mother's Day for a new mom one to remember with a thoughtful, useful gift.
  • We rounded up 46 gifts that geared toward new mothers, from humorous books to handy tech gadgets.
  • Check out our other Mother's Day gift ideas and all of Insider Reviews gift guides.

Becoming a mother is a life-changing experience, and with it, comes a new set of responsibilities and items needed to make life easier. In a very uncertain time, new moms will appreciate gifts that are both practical and luxurious - things that can save them money, time, and provide extra snuggles with their newborn or bestow a few precious moments for self-care.

These gifts will provide an opportunity to help them relax, indulge, and make their job a little easier. Some of these gifts are specifically related to the baby, while others are simply geared toward a mother who has earned some "me time." New moms are among the busiest people in our lives, and they undoubtedly deserve these meaningful gifts.

Here are 46 of the best gifts for new moms: A pick-me-up for her eyes Gift the Cold Brew Eye Recovery Stick for $28

With one swipe of this stick, mom's eyes will feel more awake and less puffy. They probably won't have time to put on a full face of makeup, but this will help them feel a little more put together after a night of broken sleep.

A smart bassinet Gift a Snoo Rental by the week from Happiest Baby, from $29.69

This smart bassinet helps new moms and babies get sleep by combining gentle rocking with soothing white noise. The smart technology responds to baby by increasing motion and shushing when it detects fussiness. It also keeps babies in a secure swaddle so they stay safely on their back.

Basic birth recovery supplies Gift the Bodily Birth Recovery Basics Bundle for $38

Giving birth to a baby is really hard. Help mom recover with this kit that includes mesh underwear that is more stylish than the hospital-provided pairs, a peri wash bottle, postpartum recovery guidebooks, and postpartum maxi pads.

The best socks they've never tried Gift a Bombas Gift Bag or Box, from $69

You might be thinking: Really, socks? But having a nice pair can make a world of difference. Bombas spent two years perfecting its gym socks. With thoughtful innovations, like a blister tab and performance cushioned footbeds, their feet will notice the difference. Bombas also donates a pair to a homeless shelter for every pair purchased. 

A minimalistic diaper bag Gift a Kibou Bag for $75.65

Moms need their hands free to do all the holding, rocking, wiping, and feeding that comes along with new babies. This small diaper fanny pack is made of high-quality vegan leather and has room for wipes, diapers, credit cards, keys, mom's phone, and more. It even comes with a built-in changing pad.

A T-shirt that makes a statement Gift the Essential Mother T-shirt for $30

It goes without saying that moms are essential. Remind them just how essential and important they are with this comfy tee. Each purchase also supports Alliance of Moms, a community that supports pregnant and parenting teens in LA's foster care system.

A floral arrangement to brighten their day Gift a The Bouqs Co. floral arrangement, starting at $39

These fresh flower arrangements come from farms that minimize waste and recycle water. Choose from classic bouquets like roses or sunflowers or opt for a more unique option that she can plant. The floral arrangement will be a bright spot in her day.

Something to help them sleep Gift a Coop Home Goods Pillow, $59.99

I know what you're thinking: Is it really worth $60 for a pillow? The answer is yes. This memory foam pillow is adjustable so it's comfortable for every type of sleeper. New moms need all the help they can get when it comes to sleeping.

A virtual baby book Gift a Qeepsake Membership, from $47.88

Qeepsake texts parents or caregivers questions to answer about their child. Parents simply text their answer back with accompanying photos if they desire and Qeepsake saves the responses. Then, users can order a book that displays all the questions, answers, and memories.

Their favorite quote, framed Gift a Minted Custom Quote, from $38

Maybe a new mom has a favorite quote that reminds them of their baby or they're just a lover of words. This gift will be a beautiful keepsake for them to always remember the newborn phase. 

A sentimental gift for a lasting memory Gift a Baby Hand and Footprint Kit, $21.87

This gift freezes the littleness of their new baby in time. Nothing shows how fast a baby grows quite like comparing their growing hands and feet to how small they once were. This kit allows new moms to do the prints at home and add two pictures.

A treat to satisfy their sweet tooth while supporting milk production Gift the Munchkin Milkmakers Lactation Cookie Bites, $19.96

These delicious cookies come in prepackaged bags so they can easily grab a snack while nursing. Although more studies examining the benefits of lactation cookies need to be conducted, this convenient treat certainly won't hurt.

A nightlight that will help their baby - and in turn, them - sleep well Gift the Hatch Baby Rest Sound Machine, Night Light and Time-to-Rise, $59.99

Rest is a nightlight, sound machine, and wake-up alert that grows with children — from soft light and white noise for midnight newborn feeding sessions to a preschooler's nightlight. Parents can customize everything — color, brightness, sound, and volume level — or they can choose from presets recommended by sleep experts. 

A neck and back massager they can use any time Gift a Zyllion Shiatsu Back and Neck Massager, $59.95

New moms spend a lot of time hunched over: picking up baby, putting down baby, carrying baby, and feeding baby. This massager has heated nodes that rotate, and moms can move it around to any spot they're feeling tension.

A memorable piece of jewelry Gift the Marky Baby Milk Jewelry DIY Kit, starting at $31.57

Moms who choose to breastfeed often face an emotional journey. The piece of jewelry from this DIY kit is made with their own breast milk so they can remember this special time long after their baby has grown up.

A personalized beauty subscription Gift a Birchbox subscription, from $45 for three months

New moms will inevitably be dealing with spilled milk, spit-up, and lots of dirty diapers. Make them feel pampered with a personalized beauty subscription. They'll be able to create her own Beauty Profile, making each box just right for them.

A personalized T-shirt Gift a personalized Fitted Crew at Known Supply, $32 + $10 monogram

Let's be honest — they're probably going to be spending a lot of time at home in the first year. What could be better than a cozy, comfortable tee made of Pima cotton? Bonus points if you choose a color that will hide a spit-up stain.

Merino-wool sneakers Gift Allbirds Wool Runners, $95

When you're on your feet all day, a pair of good shoes makes all the difference. Allbirds wool runners won't fail them — they're soft, comfortable, and machine washable. You can't go wrong with the originals, but the new Tree line is similarly light and comfortable. 

A variety of Korean sheet masks for an at-home spa day Gift the Facetory 7 Lux 1-Month Gift Subscription, $19.90

They could try a different Korean sheet mask every day of the week if they wanted to. The unique sheets made with innovative ingredients are hard to find anywhere else — Facetory curates only the most interesting and effective in the K-beauty world. 

Adorable leather baby moccasins Gift Freshly Picked baby moccasins, from $59

These 100% genuine cowhide leather moccasins have a soft sole to help children who are starting to walk. They're easy to put on, will actually stay on your kid's feet, and come in many stylish prints and colors

An Audible gift subscription Gift an Audible subscription, from $15

Do you know what's really hard to do when you're holding a baby, a bottle, and trying to cook all at once? Read a book. What's easier? Listening to one on Audible. They can listen to audiobooks, podcasts, and more while multitasking at home or strolling through the neighborhood.

A luxurious bathrobe Gift the Snowe Bathrobe, $100

Deemed the best and most absorbent terry robe on the market, Snowe's bathrobe is super comfortable and fluffy. It's perfect for a mom looking for moments of relaxation during an otherwise hectic day. 

A necklace that symbolizes unbreakable bond between mother and child Gift the AUrate 14-Karat Connection Necklace, $380

This beautiful necklace, available in yellow, white, or rose gold, manages to be simultaneously elegant and bold. The company has ideals they'll support, too: Its ethical solid gold is sourced from conflict-free suppliers and it donates a book to a child in need with each purchase. 

A 5-year journal Gift The First Five Years Baby Journal, $46.95

This linen-bound guided journal prompts parents to record milestones and memories to cherish for a lifetime. They'll be able to look back at all the firsts — first birthday, first haircut, first steps — and beam with pride.

A funny book about the realities of motherhood Gift "The Sh!t No One Tells You: A Guide to Surviving Your Baby's First Year," $9.05

Any mom knows that motherhood is not all rainbows and sunshine. This book dispenses practical and useful information in a humorous format that will have new parents laughing through the particularly hard days.  

A selection of soft, high-quality baby clothing basics Gift a Primary gift card, $25-$250

Shopping for baby clothing is easy at Primary, which was founded by two moms. The adorable, colorful, and gender-neutral styles are classic and made from safe Oeko-Tex Standard 100 certified, soft fabrics. Primary offers sizes from newborn through age 12.

A fitness app so they can work out with a trainer at home Gift a subscription to Kira Stokes Fit, from $14.99/month

Flexibility is paramount for busy moms, and a good fitness app offers just that. The Kira Stokes Fit app has abs, legs, core, and full-body workouts available to stream anytime, on any device, so moms can sweat on their own time. 

Crib sheets from an Internet-famous bedding startup Gift the Brooklinen Mini Crib Sheet Set, from $32

Adults love Brooklinen sheets, and now babies can enjoy the soft and comfortable experience, too. If they don't yet have a set for themselves, include a gift that will help them sleep as well

A versatile diaper bag Gift the Skip Hop Forma Backpack Diaper Bag, available at Buy Buy Baby, Target, and Amazon, from $66.99

The lightweight, minimalist design of this diaper bag makes it a versatile option for new moms. The included cubes make it easy to organize diapers, wipes, bottles, and snacks. There's also a convenient changing pad within one of its pockets.

Dinner on the table in under an hour Gift a HelloFresh Gift Card, from $65

Meal kits take the guesswork out of cooking. Food is delivered weekly, meaning fewer trips to the grocery store, and the kit includes easy step-by-step recipes to prepare dinner — a snap when they're basically too tired to function.

A long-distance touch lamp Buy a set of two Filimin Long-Distance Touch Lamps, $85-$170

A new mom's life is busy and tiring, so they might not always be available to talk and catch up. When you want to let them know you're thinking of them and vice versa without actually saying anything, just tap the lamp to make the other one light up

Stress relief in a tiny jade package Gift Revlon Cool & Depuff Jade Stone Facial Roller, $9.98

This facial roller can be used on all skin types to help improve circulation and reduce the puffiness that comes with sleep deprivation. It may temporarily firm skin, too. Most of all, it just feels good, especially when kept cool in the fridge.

A modern baby book Gift the Artifact Uprising Baby Book "The Story of You," from $99

With a sturdy fabric-bound cover (available in seven color/foil pairings), this interactive photo journal is a beautiful way to focus on the everyday moments rather than major milestones. The book is 100 pages and holds 47 photos. Register it online and get a complimentary set of Everyday Prints. 

Leggings that feel and look great Gift the 90 Degree By Reflex High-Waist Power Flex Tummy Control Leggings, from $22.01

We love these leggings because they are versatile, supportive, and silhouette smoothing. They also have a little pocket to hold keys or a credit card if she needs to run out. Available in 13 colors, these leggings are available up to size XXL and run true to size.

A moment of zen Gift a Home of Chiji Energy Candle, from $39.99

This brand's motto is "illuminate positivity" and when baby has been crying for hours, a positive vibe is desperately needed. These candles are infused with crystals like amethyst and rose quartz to bring some calm to a chaotic house.

A comfortable nursing bra Gift the Motherhood Maternity Women's Wrap Front Nursing Sleep Bra, from $15.23

All a new mom wants is to be comfortable, since chances are they aren't for most of the day. This wrap-front bra is soft, wireless yet supportive, and perfect for wearing all day and all night.

A smart home device Gift the Amazon Echo Dot (4th Gen), $29.99

Hands-free music streaming, news and weather reports, thermostat controls, and alarms for naps or feeding, the Echo Dot does it all. They'll become a multitasking mom in no time with this smart home device.

A soothing under eye treatment Gift Wander Beauty Baggage Claim Eye Masks, $25

These gold foil eye masks provide a soothing treatment for tired eyes. They help with puffiness and dark circles. Best of all, they won't fall off like some sheet masks, so they can hold baby upright while pampering themselves.

Bubble bath made from plant-based ingredients Gift the Hello Bello Bubble Bath, $5.98

Hello Bello, the baby line from Kristen Bell and Dax Shepard, prides itself on making premium, plant-based products like body wash, baby lotion, wipes, and this bubble bath. The gentle, hypoallergenic formula is dermatologist-tested and safe on sensitive skin, so both mom and baby can enjoy a nourishing playful bath.

A soothie to keep pacifier off the floor Gift the Philips Avent Soothie Snuggle Pacifier Holder with Detachable Pacifier, available Buy Buy Baby and Amazon, $14.99

This adorable pacifier and holder be used beginning at birth. The pacifier and animal detach from each other, so it's easy and fast to clean both pieces. It comes in a variety of cute critters like an elephant, giraffe, monkey, and seal. 

A women's multivitamin subscription Gift a 1-month supply of Ritual vitamins, $30

New moms have a lot to juggle, and eating healthy, balanced meals may fall by the wayside some days. Help them get the nutrients to keep their energy up with these vegan multivitamins, which contain folate, vitamin D3, B12, iron, and magnesium, and are free of artificial colorants, synthetic fillers, and gluten.

A reusable smart notebook Gift the Rocketbook Everlast Reusable Smart Notebook, $32

New parents live and die by a schedule. This notebook is surprisingly handy — it will send their handwritten notes to the cloud and wipes clean with a damp cloth. It makes sharing with the entire family a breeze, and no more wasting paper.

The gift of hydration Gift the SodaStream Fountain Kit, $49.88

Staying hydrated is key, especially for nursing moms. Indulge their sparkling water obsession with this sleek gadget that turns regular water into bubbly bliss in seconds. You'll also be helping to save the planet by eliminating hundreds of single-use plastic bottles.  

Stress relief in portable balm form Gift the Scentered Aromatherapy Balm Sticks Gift Set, $33

Scentered's balm sticks come in five functions — Focus, Sleep Well, Love, Escape, and De-Stress — and help them relax wherever they are. Each non-greasy balm contains up to 25 essential oils and is formulated with a blend of moringa and moisturizing shea butter. 

A book that helps new moms who have endless questions Gift "Cribsheet: A Data-Driven Guide to Better, More Relaxed Parenting, from Birth to Preschool," $14.26

If they loved Emily Oster's pregnancy book "Expecting Better," they'll dive right into "Cribsheet." The "data-driven guide" helps new parents with sleep, potty training, and much more. 

A pair of embroidered makeup towels Gift the Weezie Makeup Towels, $40

We've personally discovered Weezie's makeup towels are unexpectedly useful, and so will they. Even if they aren't washing off makeup, the fluffy fabric will feel great at the end of a long day. You can even have them embroidered to say "Mama" or a phrase of your choosing.

Read the original article on Business Insider
Categories: English

Covax: How will Covid vaccines be shared around the world?

BBC News - World - Mon, 05/03/2021 - 20:50
A scheme to distribute Covid-19 vaccines globally needs billions of dollars more. Here's what you need to know.
Categories: English