Stocks have rallied sharply in recent months, thanks in part to a boom in day-traders, who invest in the markets for fun, rather than professionally.
Dave Portnoy, founder of Barstool sports turned investor has become the poster-child of day-trading which has helped markets skyrocket, and fuel fears of an inflating market bubble.
Popular online trading platform Robinhood has surged in popularity and generated more than 3 million account openings this year.
Several billionaires have critici
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Amateur investors speculating on stocks have pushed markets skywards, but angered some of investing's biggest names. Here's what they have to say about the day-trading boom.
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Whoopi Goldberg says her drug abuse hit rock bottom when she got 'sloppy' at work and a hotel maid found her sitting in a closet with cocaine all over her face
Whoopi Goldberg released a new memoir titled "Bits and Pieces: My Mother, My Brother, and Me."John Nacion/Variety via Getty ImagesWhoopi Goldberg wrote about the low point of her cocaine abuse in her new memoir "Bits and Pieces."Goldberg said that after a year of using, it started affecting her at work and she became "sloppy."Goldberg recalled a hotel maid finding her sitting in a closet with cocaine all over her face.Whoopi Goldberg revealed the extent of her cocaine abuse and the mom -
Disney beats earnings estimates and almost wipes out streaming losses as Bob Iger's turnaround plan pays off
Minnie Mouse at Walt Disney World.Anadolu/Getty ImagesDisney posted better-than-expected earnings on Tuesday.The entertainment giant beat Wall Street forecasts for the fourth consecutive quarter.Disney expects its streaming business to turn a profit for the first time later this year.The Walt Disney Company posted better-than-expected quarterly earnings on Tuesday as losses in the entertainment giant's streaming division tumbledDisney's earnings per share of $1.21 for the three months to March 3 -
How to handle being the subject of a Taylor Swift diss track, according to PR experts
Marc Piasecki/Getty, Mike Marsland/Getty, Robert Kamau/Getty, mikroman6/Getty, Tyler Le/BIFor a celebrity, being referenced in a Taylor Swift song can cause a PR crisis. Swift's new album alludes to conflicts with Joe Alwyn, Matty Healy, and Kim Kardashian.PR experts spoke to BI about how they would position a client who's been dissed in a Swift song.Five days after Taylor Swift released "The Tortured Poets Department," paparazzi finally tracked down her ex, Matty Healy, who seemingly inspired t -
A US soldier detained in Russia on theft charges was visiting a girlfriend there, officials say
A stock image shows an officer removing handcuffs from criminal's hands.Getty ImagesA US soldier was detained in Russia on theft charges last week, a US Army spokesperson told NBC News.Gordon Black was visiting a woman he was romantically involved with, US officials said.He didn't get permission to travel to Russia from his superiors, officials told AP.A US soldier detained in Russia on theft charges was visiting a woman he was romantically involved with, NBC News reported, citing four US offici -
Neom planners reportedly fear its huge mirrored structure called The Line will kill a 'significant number of birds'
A rendering of The Line, part of Saudi Arabia's Neom project.NEOMNeom planners are worried The Line will kill a large number of birds, The Wall Street Journal reported.The futuristic mirrored structure is on a migration route used by billions of birds. The Line comprises twin 1,640-foot-high towers 656 feet apart.Neom planners seem worried that the megaproject's mirrored "horizontal skyscraper" will kill a "significant number of birds."According to documents reviewed by The Wall Street Jour -
I tried the app TikTokers could embrace if a ban becomes reality — I'm not convinced it will attract Gen Zers
Clapper probably isn't the place for Gen Zers unless loads of them sign up en mass.Matt Cardy/Getty Images, ClapperThe clock is ticking for ByteDance to sell its US TikTok operations.Clapper, a similar video platform, has been tested by creators as a potential alternative to TikTok.Despite an increasing user base, it doesn't seem like somewhere Zoomers will flock to just yet.The clock is ticking on ByteDance after President Joe Biden signed a bill last month that declared the company has to sell -
Eric Schmidt was supposed to buy a yacht once owned by a Russian oligarch. Here's the one he bought instead.
Eric Schmidt bought Kismet from the Jacksonville Jaguars owner Shahid Khan — hence the figurehead — last year and renamed her Whisper.Jan Woitas/picture alliance via Getty ImagesEric Schmidt backed out of buying the Alfa Nero megayacht last year.He instead purchased the Kismet, formerly owned by Shahid Khan, and renamed her Whisper.The ship — one of the biggest yachts owned by a tech billionaire —was listed for about $161 million.Last year, Eric Schmidt made waves in the -
This college town is experimenting with giving low-income entrepreneurs and gig workers $12,672, no strings attached
Ann Arbor, Michigan is one of many US cities piloting guaranteed basic-income for some low-income residents.pawel.gaul / Getty ImagesAnn Arbor is providing 24 monthly payments of $528 to low-income residents.The guaranteed basic-income program focused on entrepreneurs, small business owners, and gig workers.Past GBI participants reported using the money to pay for rent, groceries, and medicine. Guaranteed basic income helps low-income Americans pay rent and support their families, and Ann A -
As high-paying jobs become harder to get, more Americans are looking to Uber and Lyft for extra income
New Bank of America Institute data reveals gig driving continues to get more popular.Jeffrey Greenberg/Universal Images Group via Getty ImagesGig work, in particular ride-hailing for companies like Uber and Lyft, is getting more popular.Some Americans are turning to it as cost-of-living pressures persist and the job market slows.It might not be the solution for everyone in need of extra income. More and more Americans are taking up gig work for companies like Uber and Lyft — in part b -
A Florida Gen Xer who earned over $300,000 secretly working multiple remote jobs shares why he's 'far from rich'
A Florida Gen Xer who made over $300,000 last year secretly working multiple remote jobs says he's "far from rich." The subject of the story is not pictured. howtogoto/Getty ImagesA Florida-based Gen Xer made over $300,000 in 2023 secretly working multiple remote tech jobs. While the extra income has allowed him to travel more, he still feels "far from rich," he said.He shared how his higher income has impacted his relationships and how he's spending the money. In 2021, Robe -
Mortgage Interest Rates Today, May 7, 2024 | Rates Ease Thanks to Cooling Job Market
The offers and details on this page may have updated or changed since the time of publication. See our article on Business Insider for current information.Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews.Mortgage rates are down slightly following the release of April's softer-than-expected jobs -
Microsoft's partnership with OpenAI was 'basically a bet,' says CTO Kevin Scott
Kevin Scott is the chief technology officer of Microsoft.MicrosoftKevin Scott said Microsoft's partnership with OpenAI was a strategic "bet" on Sam Altman's company. The Microsoft chief technology officer gave insight into the investment on the "Possible" podcast.He said he thought working with OpenAI would push Microsoft to "build better infrastructure."Microsoft's chief technology officer said partnering with OpenAI was "basically a bet" on Sam Altman's company.Kevin Scott gave insight in -
A passenger had their flight ticket canceled after trying to smuggle a bag of snakes in their pants past a TSA checkpoint
The snakes and bag that were found in a passenger's pants at Miami International Airport.Courtesy of TSA GulfA passenger was caught with a bag of snakes in their pants at Miami International Airport.The Daily Mail reported the passenger's flight ticket was subsequently canceled.Incidents of wildlife smuggling through airports are more common in Asia.A passenger was caught trying to smuggle a bag of snakes onto a plane at Miami International Airport last month.Transportation Security Agency offic -
Veteran analysts say the world's biggest private-equity firm could be in big trouble
Getty Images; Alyssa Powell/BIIn 2017, Blackstone — the world's largest private-equity firm, which usually caters to big institutions and the very wealthy — decided to give ordinary investors an opportunity to get in on the firm's magic. It created BREIT, a private fund that buys commercial real estate like warehouses and apartment buildings, and marketed it to everyday investors as an "all-weather strategy to build long-term wealth across market cycles."And it was magic: By offering -
Saudi Arabia needs peace in the Middle East for its $500 billion Neom megaproject to succeed
The planned design for The Line in Neom.NeomConflict in the Middle East is a threat to Saudi Arabia's ambitious Vision 2030 plans.Some Neom projects are located along the Red Sea coast, where tensions have been escalating.The renewed conflict in the region has left Saudi officials walking a difficult political line.Escalating tensions in the Middle East are threatening the success of Saudi Arabia's ambitious Vision 2030 plans — especially its desert megacity called Neom.The kingdom has ann -
AI 'pilots' are getting so good they're sometimes beating humans in dogfights
Some AI-controlled F-16 fighter jets (not pictured) are already outperforming human pilots in dogfights.US Air Force/Airman 1st Class Dwane R. YoungSome AI-controlled fighter jets are outperforming human pilots in dogfights, per the AP.The outlet witnessed an hourlong experimental flight at the Edwards Air Force Base in California.The Air Force is reportedly planning a fleet of more than 1,000 AI-enabled unmanned warplanes.Some AI-controlled F-16 fighter jets are already outperforming human pilo -
China's footprint in global supply chains will grow no matter who wins the US presidential election: analysts
GOP presidential nominee frontrunner Donald Trump, Chinese leader Xi Jinping, and US President Joe Biden, who is also the Democratic Party's presidential nominee frontrunner.Win McNamee/Getty Images, Lintao Zhang/Getty Images, and Nathan Howard/Getty ImagesUS presidential candidates Biden and Trump both vow to get tough on China.EIU predicts worsening US-China economic and diplomatic ties over the 2020s.EIU doesn't expect US trade policies to significantly reduce China's role in global productio -
I test-drove the 2024 Ford F-150 Raptor. The $84,000 price tag is worth it, especially for off-roading.
The 2024 Ford F-150 Raptor.Jules RogersAutomotive journalist Jules Rogers test-drove the 2024 Ford F-150 Raptor priced at $83,665 and loved it.The truck provides a comfortable and luxurious ride with black leather interior and high-end features.She says the Raptor is perfect for drivers seeking an off-roading experience and is worth its price.In a group of similar trucks, the 2024 Ford F-150 Raptor immediately stands out from the crowd. With its 37-inch tires and 17-inch alloy wheels, the beefy -
See what it's like living in Portugal's first 3D printed, 2-bedroom concrete home
Portugal-based 3D printing construction startup Havelar built Portugal's first printed home.COBOD International and HavelarStartup Havelar built Portugal's first 3D printed home using COBOD's popular printing system.The walls of the two-bedroom, 861-square-foot home were printed in 18 hours.The Portugal-based startup says it can build faster and cheaper than conventional construction.If companies like Portugal-based Havelar have their way, the future of affordable housing wil -
Russia is raising a stink about F-16s in Ukraine by saying they're nuclear-capable, even though the types of warplanes already deployed there can carry nukes
Ukrainian President Volodymyr Zelensky (R) reacts as he sits in a F-16 fighter jet in the hangar of the Skrydstrup Airbase in Vojens, northern Denmark, on August 20, 2023.MADS CLAUS RASMUSSEN/Ritzau Scanpix/AFP via Getty ImagesRussia said on Monday that it would treat F-16s in Ukraine as an escalation because they're nuclear-capable.The Foreign Ministry said it would consider the delivery of the jets as a "purposeful provocation."Meanwhile, the warplanes already used by Ukraine can technica -
Russia's military is so hard up for manpower that it now pays more than the oil and gas sector
Russian President Vladimir Putin toasts with Russian soldiers after awarding them with the Gold Star medal on the eve of the "Heroes of the Fatherland Day" at the Kremlin in Moscow on December 8, 2022.Mikhail Metzel/Getty ImagesRussia has a manpower crunch because of its war with Ukraine.Russia's military is paying more in sign-on bonuses and salaries than the oil and gas sector.Russia's oil and gas revenues have been keeping its war chest filled.Russia is facing a labor crisis as its war with U -
Vladimir Putin once made Italy's prime minister throw up by shooting a deer, carving out its heart, and offering it to the man raw: report
The late Italian Prime Minister Silvio Berlusconi (left) and Russian leader Vladimir Putin (right).Marco Ravagli/Future Publishing via Getty Images; Contributor via Getty ImagesSilvio Berlusconi went on a hunting trip with Vladimir Putin in 2013, per Italian media.During the trip, Putin shot and carved out a deer's heart, which he offered to the late Berlusconi.The sight of the raw meat was just too much for Berlusconi, who went behind a tree to vomit. Russian leader Vladimir Putin once pre -
Palantir made a ton of money this year thanks to strong US demand. But don't expect much growth in Europe.
Palantir cofounder and CEO Alex Karp at a US Senate AI forum in Washington, DC, in 2023.Stefani Reynolds for AFP via Getty ImagesPalantir's first quarter revenue jumped 21% from last year, mostly from US customers.International earnings dropped due to "headwinds in Europe," the chief financial officer said.CEO Alex Karp maintained his support for Israel and again slammed campus protests.Palantir raked in more money than ever last quarter — and much of it came from customers in its backyard -
Even Katy Perry's mom fell for an AI photo of the singer at the Met Gala
A real photo of Katy Perry at the 2019 Met Gala.Charles Sykes/AP ImagesKaty Perry was falsely depicted attending the Met Gala via AI images on social media.AI images also made it look as if Rihanna was there — despite her being at home with the flu.Welcome to the year of the semi-decent deepfake.Katy Perry didn't wear a luxurious deep-V gown with fabric moss at the end, nor did she sport a tight corset dress at Monday's Met Gala.But images of both looks took off on social media, and Perry' -
Russia's former president threatened nuclear attacks on Western capital cities if NATO sends any troops to Ukraine
Russia's former president and now serving as deputy chairman of the country's Security Council, Dmitry Medvedev (L), visits the Totsky military training field outside Siberian city of Orenburg on July 14, 2023.YEKATERINA SHTUKINA/SPUTNIK/AFP via Getty ImagesDmitry Medvedev is at it again, threatening Western leaders with nuclear attacks if they cross a line.Medvedev says no leaders in Washington, Paris, and London won't "be able to hide" if they send troops to Ukraine.The former Russian presiden -
Boeing is under FAA investigation after disclosing some employees didn't perform safety tests on the wings of a 787 but recorded that they did anyway
Boeing 787 Dreamliners are built at the aviation company's North Charleston, South Carolina, assembly plant on May 30, 2023.JULIETTE MICHEL/AFP via Getty ImagesThe FAA said on Monday that it's probing Boeing amid reports of employees not completing 787 checks.An internal memo from Boeing said some workers recorded themselves finishing a test they didn't perform.The tests had to do with the bonding between the wings and fuselage of the 787 Dreamliner.The Federal Aviation Administration is investi -
'Shark Tank' host Kevin O'Leary says he would've fired this CEO in 'seconds' for backing pro-Palestinian protesters: 'Be gone'
The "Shark Tank" host and investor Kevin O'Leary.Roy Rochlin via Getty ImagesKevin O'Leary said he would've fired the Hims & Hers CEO for backing the pro-Palestinian protests.Andrew Dudum initially told student protesters to "keep going" because "it's working."O'Leary said he thought Dudum's remarks were self-serving and foolish.Hims & Hers CEO Andrew Dudum should have been fired immediately for supporting the pro-Palestinian student protesters, says "Shark Tank" host and inves -
Elon Musk says AI has no 'use' at SpaceX — at least for now
Tesla CEO Elon Musk speaks at the 27th annual Milken Institute Global Conference at the Beverly Hilton in Los Angeles on May 6, 2024.FREDERIC J. BROWN/AFP via Getty ImagesElon Musk revealed that SpaceX "basically uses no AI."The SpaceX CEO said that although he's open to using it, he hasn't found a use for it yet."There's still a long way to go," he said.Elon Musk is not planning on recreating "2001: A Space Odyssey" anytime soon.Musk, who answered questions during 27th annual Milken Institute G -
Pamela Anderson broke her makeup-free streak for her first Met Gala
Pamela Anderson ditched her no-makeup look for her first Met Gala appearance.Theo Wargo/GAPamela Anderson broke her no-makeup streak at the 2024 Met Gala.She dazzled in an off-shoulder Oscar de la Renta gown with light makeup by Pat McGrath.Anna Wintour's acceptance meant a lot to Anderson: "I can imagine that in the past I was not someone she would ever take a second look at." After a slew of bare-faced public appearances, Pamela Anderson finally ditched the no-makeup look for her Met Gala
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