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The latest news from Business Insider

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    kendall jenner

    • On Monday night, Kendall Jenner posted a love letter she received to her Instagram story, but blacked out the sender's name.
    • On Tuesday, Jenner revealed that the letter was sent from a fashion photography duo, with whom she has worked with multiple times.
    • Fans had been theorizing that the letter was written by Jenner's ex-flame Harry Styles, apparent current boyfriend Ben Simmons, or Anwar Hadid.

    On Monday night, Kendall Jenner shared an eloquent and passionate love letter that she apparently received, sparking a flood of speculation and confusion from fans.

    "Dear Kendall, We may be miles apart but my love for you grows stronger & stronger by the minute," the letter's author, whose name Jenner blacked out, wrote.

    "My innermost feeling is of pure love for you. I will love you until death separates us. Right now this separation is killing me, but in my heart I know that nothing could come close to separating us. We are united [unintelligible] one forever, body & soul and I want you to know that I love you from the deepest part of my heart."

    kendall jenner love letter

    The very next day, Jenner posted the full note, which revealed that it was actually sent from the famed fashion photography team of Mert Alas and Marcus Piggott, who she has worked with numerous times.

    The note was signed "Love M+M" and Jenner wrote "Nice try," tagging Alas and Piggott.

    Before fans were disappointed by the reveal, however, they were anxiously throwing out options for Jenner's potential anonymous suitor.

    The model has never publicly confirmed a relationship, despite reports of her dating a fair few famous men over the years. Here were all the fan theories regarding the letter's sender.

    Many believe the handwriting is similar to that of Harry Styles.

    harry styles

    Jenner and Styles have been repeatedly linked since 2014, when they were reportedly spotted acting like a couple during a ski trip in California. In December 2015, they took a series of yacht trips together and were photographed looking cozy.

    In the months before Styles released his debut solo album in 2017, he was seen with Jenner multiple times. In an interview with Rolling Stone, he discussed "a more recent relationship, possibly over now, but significant for the past few years" that had a major influence on his music.

    "She's a huge part of the album," says Styles, refusing to confirm that he was referring to Jenner. "Sometimes you want to tip the hat, and sometimes you just want to give them the whole cap…  and hope they know it's just for them."

    Fans have been scrutinizing Styles' handwriting — from album artwork and even notes written to fans — ever since Jenner shared the letter. Some have become convinced that he wrote it.

    A post shared by KINGS (@larrry28.1d) on

    Other Styles fans, however, believe the handwriting doesn't match up.

    Others have pointed out that Jenner seems to currently be dating Ben Simmons.

    ben simmons

    In recent weeks, Jenner has been spotted cheering for Simmons at multiple Philadelphia 76ers basketball games. They were even photographed looking cuddly at a Drexel University game on December 1.

    The couple first sparked romance speculation this summer and appeared to heat up quickly — even reportedly moving in together — but their relationship seemed to cool off just a few months later.

    Read more: 5 things to know about Kendall Jenner's apparent love interest, Ben Simmons

    According to E! News, Simmons and Jenner are dating again but "aren't boyfriend and girlfriend."

    Anwar Hadid is another main suspect.

    anwar hadid

    Hadid also seemed to capture Jenner's attention this past summer. The two models were originally linked back in June.

    TMZ published photos of them kissing in July, while People recently reported that the two seemed "very, very together" during Paris Fashion Week.

    There are some vague suspicions that the letter was written by a girl.

    People have questioned Jenner's sexuality in the past, and she's been romantically linked to a number of her fellow supermodels, including Bella Hadid and Cara Delevingne.

    But when pressed about the speculation in an interview for Vogue's April 2018 over story, the 22-year-old supermodel shut them down — chalking it up to being more "low-key with guys" than her sisters.

    Read more: Kendall Jenner discussed her sexuality in an interview — and some people are dragging the model for her tone-deaf response

    "I don't think I have a bisexual or gay bone in my body, but I don't know! Who knows?! I'm all down for experience — not against it whatsoever — but I've never been there before," she told Vogue.

    Note: This post was updated after Jenner revealed who sent the letter.

    Visit INSIDER's homepage for more.

    Join the conversation about this story »

    NOW WATCH: Drinking too much water could be surprisingly hazardous to your health


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    mariah carey lenny kravitz

    • Lenny Kravitz discussed his friendship with Mariah Carey on Bravo's "Watch What Happens Live with Andy Cohen."
    • Kravitz said Carey "knew she had the talent," even while working as a coat check girl at a sports bar.
    • "We all used to hang out on the Upper West Side at a friends' house and at her house with her roommates," he said. "We knew she was gonna make it. The talent was just too incredible."
    • Watch the full video below.

    Visit INSIDER's homepage for more.

    Join the conversation about this story »

    NOW WATCH: 6 airline industry secrets that will help you fly like a pro this holiday season


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    insider picks holiday gift guide banner

    The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

    snoweflatware

    As someone who recently moved into her first apartment, I've seen (and experienced) what shopping for a new kitchen looks like. There's a lot of ooh-ing and aah-ing at the pretty pieces of decor and cool gadgets we find after hours of online shopping, but there's a lot less follow-through on the actual staples.

    While shopping for your first kitchen sounds exciting, it can become a much more tedious — not to mention expensive — pursuit than expected. None of us had much to bring to the table other than what we'd collected through our college years along with the array of reject products that never made it in our parents kitchens and thus, become ours. 

    If you know someone who recently moved into their first apartment or home, chances are their kitchen could use some love. Whether it's the necessities they don't want to spend money on themselves, gadgets they've probably never even heard of, or the staples that you swear by yourself — they'll appreciate a useful gift for their space. Not only are they practical, but these gifts will bring them one step closer to making their new space really feel like home — and that's a pretty cool thing to contribute to. Read on to find some of our favorite picks for kitchen gifts they'll be grateful for this holiday season.

    Looking for more gift ideas? Check out all of Insider Picks' holiday gift guides for 2018 here.

    SEE ALSO: All of Insider Picks' holiday gift guides, in one place

    DON'T MISS: Amazon gifts must be ordered by these holiday shipping deadlines to guarantee they arrive in time for Christmas

    A bar tool set for mixologist hopefuls

    5-Piece Stainless Steel Bar Tool Set, $69, available at Nordstrom

    There's something about a well-made cocktail that just oozes sophistication. While they might still be perfectly content drinking the lukewarm Natural Lights of their college days, this tool set will be a welcomed gift that'll not only class up their space, but their drinking habits as well. If you want to add something more, throw in the cocktail shaker (pictured above) to help them complete their first bar cart. 



    The only knife they need

    The Santoku Knife, $75, available at Brigade Kitchen

    When you're a young professional, there's a lot you could do with seventy five dollars. Spending all of that money on one kitchen knife? Not likely. 

    They might scoff at the idea of purchasing this for themselves, but they'll surely appreciate if you get it for them. In the short tem, they'll be content using this high-quality, versatile knifeand in the long term this investment piece will keep them from continually repurchasing cheaper options, ultimately saving them some money down the road



    A multi-functional panini press

    Chefman Panini Press Grill, $39.99, available at Amazon

    In a small space, every appliance has to prove itself to claim it's territory. So, while you may be tempted to get them an ice cream maker, you're better off going for something a little more versatile. A panini press that also functions as an indoor grill does just that, making it a great gadget they can use to make paninis, or even grill meat and vegetables easily. Plus, it's small enough to store when they're not using it.



    See the rest of the story at Business Insider

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    Jack Dorsey

    • Twitter's stock is having a stellar year, and a look at its chart suggests the rally isn't over.
    • Twitter should continue higher in the near-term, one analyst said.
    • With the stock up over 50% this year, it's competing with its 2017 performance for the biggest annual gain since going public.
    • Watch Twitter trade live.

    Twitter is beating out the rest of the social-media space this year, and it's not even close.

    Shares are up 50% with just two weeks left in 2018, handily outperforming global social peers like Facebook, Snap, Tencent and Baidu. The stock is contending with its best annual performance since going public in late 2013.

    And a look at the charts suggests even bigger gains lie ahead.

    Twitter has appeared to reverse a downtrend on its weekly chart, said Craig Johnson, chief market technician at Piper Jaffray. Should the stock see a close above $37 per share, he said, it could head to $42. Twitter hasn't seen that level since this summer.

    Twitter

    "What was resistance is now support," Johnson said Thursday morning in a phone interview, referring to the area around the $36 mark.

    Other bullish technical indicators he cited were the stock closing above its 40-week moving average and the appearance of a small inverted head-and-shoulders formation, a technical pattern that suggests a bearish-to-bullish reversal.

    And the stock's technical position is gaining attention elsewhere on Wall Street. Twitter shares "blasted through resistance [on Wednesday]," Frank Cappelleri, chief market technician at Instinet, wrote in a note to clients on Thursday. "At the very least, it has a defined support zone to fall back upon."

    He added that the Global X Funds Social Media ETF (SOCL) — in which Twitter is the top holding — is "trying to break the downtrodden mood it has been in for many months."

    Josh Brown, the CEO of Ritholtz Wealth Management, has called Twitter's performance this year the "best kept secret of 2018," at least when compared to Facebook's. It is perhaps even more impressive when considering the problems surrounding the social-media space, with companies facing intense scrutiny over privacy issues and their role in attempts to manipulate elections.

    Now read:

    Join the conversation about this story »

    NOW WATCH: Why Harvard scientists think this interstellar object might be an alien spacecraft


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    Michael Jordan slaps Malik Monk

    • The Charlotte Hornets beat the Detroit Pistons 108-107 on Wednesday thanks to a late game-winner from Jeremy Lamb.
    • The win was almost spoiled by Malik Monk, who prematurely ran onto the court in celebration, resulting in a technical foul.
    • Hornets owner Michael Jordan was courtside for the affair, and quickly scolded and smacked Monk back to reality for his absent-minded play.

    The Charlotte Hornets defeated the Detroit Pistons in a thriller on Wednesday night, erasing a 12-point deficit in the second half to take the win, 108-107.

    Jeremy Lamb got to play hero, hitting this impressive jumper to give the Hornets the lead with just 0.3 seconds left on the clock.

    However, those 0.3 seconds would take a bit longer than expected to play out.

    While reviewing Lamb's shot, the officials noticed his teammate Malik Monk streaking off the bench in celebration as Lamb released the ball. You can see him in the top-right corner of the video below.

     

    Monk's premature celebration would count as a technical, giving the Pistons a much better chance to win the game than it initially looked like after Lamb's bucket.

    As the Hornets waited to defend the final play, Hornets owner and basketball dad Michael Jordan was up from his courtside seat and gave Monk a piece of his mind and a quick smack upside the head.

    Jordan didn't seem to have any malice in the move, but a strong message of "What the hell were you thinking, my guy?" was sent and received.

    Fortunately for the Hornets, and especially for Monk, the Pistons couldn't pull off a quick game-winner of their own, and Charlotte would hold on to win, 108-107.

    SEE ALSO: Draymond Green played for the first time in 23 days and showed in 60 seconds why he's such an integral part of the Warriors

    Join the conversation about this story »

    NOW WATCH: Drinking too much water could be surprisingly hazardous to your health


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    Elon Musk

    • Tesla CEO Elon Musk has stopped meetings to watch clips from the British sketch comedy show "Monty Python's Flying Circus,"Wired reports.
    • Musk reportedly did this during the second half of 2017, as Tesla struggled to ramp up production of its Model 3 sedan.
    • Tesla did not immediately respond to Business Insider's request for comment.

     

    Tesla CEO Elon Musk has stopped meetings to watch clips from the British sketch comedy show "Monty Python's Flying Circus,"Wired reports. 

    Musk reportedly did this during the second half of 2017, as Tesla struggled to ramp up production of its Model 3 sedan.

    "At work, Musk sometimes seemed almost giddy, occasionally interrupting meetings to insist that his colleagues watch clips of Monty Python episodes on his computer, according to several people," Wired reporter Charles Duhigg wrote. "A particular favorite was a skit of aristocrats debating the virtues of words like antelope versus sausage. He would play it more than once, laughing uproariously each time, as his colleagues waited to return to the issues at hand."

    Tesla did not immediately respond to Business Insider's request for comment.

    Read more: The 36 most wild things said by Elon Musk

    According to Wired, Musk's behavior became erratic in the months following the July 2017 launch of the Model 3. Musk would reportedly skip or cancel meetings and seemed irritable to some employees, the publication reported. During this period, he also gave an interview to Rolling Stone in which he was unusually candid about the difficulties of breaking up with his former girlfriend, Amber Heard.

    "I will never be happy without having someone. Going to sleep alone kills me," Musk said during the interview.

    Tesla employees have in multiple stories about Musk described him as a complicated figure, capable of inspiring and frustrating them. Some Tesla employees told Business Insider in a September report that Musk had empowered them to solve problems and pushed them to exceed their expectations, while others said he can be impulsive and temperamental.

    Read Wired's full report here.

    Have a Tesla news tip? Contact this reporter at mmatousek@businessinsider.com.

    SEE ALSO: Tesla wants its factory workers to wear futuristic augmented reality glasses on the assembly line

    Join the conversation about this story »

    NOW WATCH: This LEGO Bugatti Chiron is drivable — here's what it can do


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    Kotex

    • Some Kotex tampons have been recalled after customers reported that the products were unraveling and leaving pieces inside their body. 
    • Kotex parent company Kimberly-Clark issued a voluntary recall of its regular absorbency U by Kotex Sleek tampons and advised customers in the United States and Canada to stop using these items immediately. 
    • Some customers who used the tampons said they experienced infections and irritation after use.

    Faulty Kotex tampons have been recalled after customers reported that the products were coming apart. 

    On Tuesday, Kotex parent company Kimberly-Clark issued a voluntary recall of its regular absorbency U by Kotex Sleek tampons, advising customers in the United States and Canada to stop using them immediately. 

    Kimberly-Clark said that some customers reported that the tampons unraveled inside their body, leaving pieces behind. Others said that the item caused infection and irritation after use.

    Any customers who are experiencing pain, discomfort, itching, or other symptoms of infection are advised to seek medical attention immediately. 

    The recall is limited to regular absorbency tampons manufactured between October 7, 2016 and October 16, 2018 and distributed between October 17, 2016 and October 23, 2018. 

    A full list of impacted lot numbers is available on Kotex's website

    The news comes after a wave of recalls in the food industry. 

    "This year has been nuts,"foodborne-illness attorney Bill Marler told Business Insider's Kate Taylor earlier this year. There's so much crazy s--- ... all the time."

    Read more:17 of the biggest food recalls of the year

    Romaine lettuce has dominated the headlines this year after an E-coli outbreak made more than 200 people sick in early April. This was thought to have been under control by June this year, but in November another E. coli outbreak, which was also traced back to romaine lettuce, sickened more than 70 people. The CDC is currently advising US consumers not to eat romaine lettuce if they do not know where it is from. 

    SEE ALSO: An E. coli outbreak from romaine lettuce has sickened at least 79 people in 15 states — here's how to avoid getting sick

    Join the conversation about this story »

    NOW WATCH: This fish was sold for $1.8 million — here's why bluefin tuna is so expensive


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    sad alone lonely woman work stress upset

    • People dream of working for big-name companies like Goldman Sachs or Google ... so why would anyone ever leave such a prestigious job?
    • Many workers quit high-paying jobs at impressive companies because, as their careers progress, prestige feels less important than it did when they were younger.
    • Other factors, like the quality of their coworkers and the company culture, may turn out to matter more.
    • That may be because you can always have the impressive job on your résumé— but it may also be because these big-name companies aren't as glamorous as they seem.

    A lawyer friend and I like to joke about the seemingly endless appetite for stories of people who "gave it all up." Typically, these people are lawyers — turned writers, small-business owners, farmers, basically anything but practicing lawyers. Sometimes they're former finance or tech professionals who haven't seen a spreadsheet in years.

    Business Insider has published a bunch of these stories, too. We keep sharing them because they clearly resonate with readers who'd like to do the same, if only they could muster the courage and figure out the logistics.

    There are lots of reasons why someone (or many someones) would want to leave a job on Wall Street or at a top law firm. Among the more obvious: The work is hard, the hours are grueling, the bosses are demanding. But over the course of reporting a story on what a "good job" means today, I also noticed a pattern: Prestige may become less appealing as we advance in our careers.

    That might be simply because you can always say, "I worked at Google," or "I worked at Goldman," and benefit from the company's reputation, even if you're no longer employed there. Not to mention that jobs at the most desirable companies tend to pay handsomely —  enough to start tackling a mountain of student debt or support a family, typical concerns in the early and middle stages of a career.

    It might also be the case that people quickly become disillusioned about how glamorous big-name companies really are. And for some, this shift happens even after less than a decade in the workforce.

    'I've just seen how empty it is' 

    One woman I spoke to, Alysa Ain, 31, told me about quitting her job at a top New York City law firm. Ain graduated from Harvard Law School and was initially excited about the idea of doing something "prestigious." But once she'd started working, Ain felt unfulfilled and unable to keep up with the demands on her time and energy.

    A bonus just for you: Click here to claim 30 days of access to Business Insider PRIME

    Ain told me about Googling advice in the middle of the night; she ultimately wound up in career coaching and is now applying to graduate programs in clinical social work.

    "Prestige is definitely not important to me anymore," Ain told me. 'I've just seen how empty it is." When she was younger, Ain said, she was interested in proving to other people that she was smart and capable. Now, however, "prestige is last on the list of things that are important about a job."

    I also spoke to Josh Druce, 35 years old, who worked for a series of big banks before realizing the role wasn't for him. Today he's the sole employee for private credit fund Loan Ranger LP. It's the "least glamorous organization" he's ever worked for, but also the "happiest I've ever been," Druce told me.

    Druce regrets that he didn't spend more time "interviewing" his supervisor and coworkers at his previous jobs. When you're spending between 60 and 100 hours a week at work, he told me, you're spending more time with your officemates than with your significant other.

    Read more: Goldman Sachs' head of HR says an 'underrated' factor should make a big difference in which job you choose — especially if you're going to be logging long hours

    Meanwhile, Dora, a lawyer in her early 30s (she asked me not to use her last name), remembered applying for jobs and looking up rankings to see which firms were most impressive. Today, she works for one of those impressive firms — but she said that's not what keeps her there. Instead, it's her coworkers.

    "They don't accept everything that I say," Dora told me, "but they've made it very comfortable for me to bounce ideas off them. So that's just really great." Dora went on: "I can pick up the phone to a colleague in another office whom I've never met and ask him or her to give me half an hour of their time and walk me through something and they will."

    Many mid- and late-career workers start to prioritize meaning over prestige

    meeting work office coworkers bossFor others, the shift away from wanting prestige happens later in their career. A 2009 paper from the AARP's Public Policy Institute reports that "workers tend to move into less prestigious occupations when they change jobs at older ages, especially when they retire from their former jobs."

    It often comes down to the desire to find more meaning in your work, said Brie Reynolds, a career coach and the career specialist at FlexJobs. Reynolds told me she's worked with people in their 50s who have "checked all the boxes of what it was supposed to be like to have a really good career and they didn't feel like they wanted to continue down that path just for the sake of continuing down that path."

    Read more: A Harvard psychologist says there's a question to ask yourself when you're 'successful' but unfulfilled

    I heard something similar from Joe Casey, an executive coach and a managing partner at Retirement Wisdom. Casey's coaching clients are typically in their 50s and older, looking to make a change in their jobs. Many are coming from Wall Street, having long prioritized pay in their careers. Now, they're more interested in "giving back," Casey said. (Casey spent more than two decades at Merrill Lynch before getting his master's degree in executive coaching.)

    Bernadette Bielitz is smack in the middle of this process of re-evaluating her career. Bielitz, who's currently volunteering at AARP and looking for full-time work, has held management positions at companies including GE Healthcare. Years ago, Bielitz told me, she focused on companies where she could climb the corporate ladder, even if it meant logging crazy long hours. She remembers being "willing to make it all about work."

    Bielitz got somewhat disillusioned when she was caring for her aging parents and simultaneously holding down a full-time job. At that point she started to realize the importance of work/life balance, flexibility, and friendly coworkers. Now, Bielitz said, she doesn't need to be a manager; she's fine being an individual contributor. "I like being on a team."

    Know that prestige is important — but not the be-all-end-all

    If you're here looking for career advice, the takeaway isn't that you should outright ignore prestige for the sake of placating your future self. Dora raised an interesting point: "A more prestigious firm might have access to the kind of challenging work that you want."

    But, she added, "there are other things that are also very, very important, including the people that you're working with and whether they make your life great or they make your life a misery."

    SEE ALSO: Pretty much everyone defines a 'good job' the same way — but most people don't have the luxury of choosing one

    Join the conversation about this story »

    NOW WATCH: A Harvard psychologist reveals the secret to curbing your appetite


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    The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

    mirrorless 4x3

    • Mirrorless cameras may be smaller than DSLRs, but they give you many of the same benefits, including great image quality, fast performance levels, and versatility in interchangeable lenses.
    • Based on research and testing, the best mirrorless camera is the retro-looking Fujifilm X-T20 with its great price and excellent image quality.

    If you’re someone who believes the world of digital photography is incredibly advanced versus what occurred a couple of decades ago with film photography, you’re right … to a point.

    Digital photography simplifies the process of shooting photos, making them instantly shareable, versus having to haul your film to the Fotomat. By the way, if you actually have dropped rolls of film at a drive-through window at a Fotomat shack in your life, welcome to being old.

    However, you might be surprised to learn that the most popular type of digital camera — the DSLR, or digital single lens reflex camera — is still using the same basic design from the days of film, when these cameras were called SLR cameras or 35mm cameras (because of the film they used).

    So if you’re looking for an updated design in a digital camera, the best mirrorless interchangeable lens cameras (ILCs) represent the latest advancements in digital photography technology.

    Mirrorless vs. DSLR

    For those seeking the best quality photographs, mirrorless ILCs and DSLRs represent the two best types of digital cameras. They have some similarities and some differences, as shown by Tech Radar and Beach Camera.

    • Similarities: Both types of cameras have larger image sensors and processing chips than simple point-and-shoot cameras or smartphone cameras, allowing for better image quality and faster performance. Both types of cameras use interchangeable lenses, which give you some versatility in the photos you can shoot. Both cameras usually have a hot shoe on the top, allowing you to add components, such as a large flash.
    • Differences: The interior of a DSLR camera contains a mirror mechanism that sits in front of the image sensor, blocking the light traveling through the lens. The mirror lifts upward when you press the shutter button, allowing the light to strike the image sensor. Of course, in the days of film cameras, the mirror blocked the light from reaching the film, which would have caused it to be exposed. DSLR makers just kept this basic design after making the switch to digital. As Digital Photo Mentor explains, with a mirrorless camera, the mirror mechanism has been removed. After all, there’s no reason the light has to be blocked from reaching the image sensor anymore. The two types of cameras have several other differences, as Photography Life explains, but the removal of the mirror is the primary one.
    • Lenses: With both types of cameras, you do have to purchase extra lenses separately, which can become expensive. A much wider variety of lenses are made for DSLRs than for mirrorless models. You have to pick a lens that specifically fits your model of camera in either case. Nikon DSLR lenses only fit Nikon DSLR cameras, for example.
    • Size: Because of the removal of the mirror mechanism inside the camera, mirrorless cameras have a thinner, smaller, and lighter design than DSLR cameras.
    • Image quality: As a general rule, DSLR cameras create better images than mirrorless cameras, especially at a professional level. But for beginner and intermediate photographers, you won’t notice a difference in most photos.

    For a long time, DSLR cameras have outperformed mirrorless cameras. However, the gap between the two designs in terms of performance has shrunk considerably in the past few years.

    Mirrorless camera terms to know

    Many of the same terms that you’ll encounter with any digital camera, you’ll also find with a mirrorless ILC, as explained by Tom’s Guide and Digital Photography School.

    • Burst mode: The burst mode measures how many photos you can shoot per second. Faster cameras provide better performance.
    • Focus: With the lens on a mirrorless ILC, you should be able to pick between manual focus and autofocus, depending on your needs.
    • Image sensor: Think of the image sensor as the equivalent of the film in a camera … minus the need for a Fotomat, of course. The image sensor measures the light from the scene and records it as digital data. Larger image sensors in physical size generally outperform smaller image sensors.
    • Kit lens: A kit lens is a lens that ships with a mirrorless camera. You also can buy the mirrorless ILC separately as the body only, which means no lenses are included.
    • Megapixels: This is the number of individual pixels (or dots) the image sensor will record. A larger number of megapixels will yield a better image quality, although the size of the image sensor is more important in terms of image quality.
    • Video resolution: Depending on the mirrorless camera you select, you may be able to shoot full HD or 4K resolution video.
    • Viewfinder: Some mirrorless cameras offer an electronic viewfinder and some don’t. You may be able to add a viewfinder separately, or you can use the display screen on the back of the camera to frame the scene.

    We've done the research (and some testing) to bring you the best mirrorless cameras you can buy. Read on to see which one is best for you.

    Here are the best mirrorless cameras you can buy:

    Updated by Owen Burke on 12/13/18: Added the Sony AR7III as a best high-end pick, alternate recommendations, and the best cameras and adapters for switching from DSLR to mirrorless cameras with the lenses you already have. Updated prices and formatting.

    Read on in the slides below to check out our top picks.

    SEE ALSO: The best DSLR cameras you can buy

    The best mirrorless camera overall

    Why you'll love it: The Fujifilm X-T20 has all the features you could want in a mirrorless camera, including great image quality, fast performance, a retro look, and a decent price.

    The Fujifilm X-T20 offers the best mix of photo quality, speed, and price in the mirrorless digital camera market. Then there’s the very cool retro design of this camera, which we love. It has silver trim across the top and bottom of a black camera body. You can also get it in all black if the retro look is too much.

    Fujifilm is one of the best manufacturers of mirrorless cameras, as the company has had a lot of success in this arena, so the X-T20 is a trustworthy choice.

    The X-T20 has 24.3 megapixels of resolution and an APS-C sized image sensor, which is comparable in size to what you’d find in an entry-level DSLR camera (or the comparable Sony Alpha A6300). DP Review highlights the quality of this image sensor and points out that the X-T20 can record 4K video, too. You won't be disappointed with the images this camera takes.

    In addition, The Verge simply calls the X-T20 an example of everything that’s right with the world of technology. That’s high praise for a great mirrorless camera.

    People who buy the camera generally like it as well. One Amazon buyer who has shot with a lot of DSLRs in the past was impressed with the build quality of this little Fujifilm camera.

    However, another Amazon reviewer was disappointed in the ergonomics of the X-T20. Small right-hand grips are a common complaint among users of thin mirrorless ILCs, though.

    If you're looking for a simple kit that does it all, the X-T20 is, in our opinion, the best overall mirrorless camera you can buy. But, if you're looking to upgrade further down the line, and kit out your camera with a host of lenses, consider the Sony Alpha A6300— and, at the time of writing, this kit is an excellent deal.

    The X-T20's 18-55mm kit lens is superior, and "the best kit lens" Art of The Image claims they've ever seen, but when it comes to upgrading, Sony may be your better option. Also worth noting: the A6300 is rated as weather-resistant, while the X-T20 is not.

    Pros: Comparable image quality to some DSLRs, 4K video recording option, stylish and retro camera body design, very good build quality, tilting LCD for odd-angle photos, fast performing camera, trusted brand name

    Cons: Small right-hand grip area makes camera tough to hold, not the best camera if you plan to upgrade (there aren't as many lens options as there are for the comparable Sony Alpha A6300)

    Buy the Fujifilm X-T20 mirrorless camera on Amazon for $699 and up (body only — price increases as you add lens kits)



    The best mirrorless camera when money isn't a problem

    Why you'll love it: It’s expensive, but if you need the highest level of image quality found in a mirrorless camera, the Sony A7R III delivers.

    The Sony A7R III is an outstanding mirrorless digital camera, creating images that will rival intermediate level DSLRs that have a similar price point. The video quality with the A7R III is excellent too, and according to Gizmodo, “it does an excellent job of smoothly auto-tracking focus while recording.”

    The camera's full-frame image sensor is the largest physical size of image sensor that’s found in a camera for the consumer market, so this Sony model’s image sensor sits at the top of the heap in mirrorless cameras. You won’t find another mirrorless camera that has 42.4 megapixels of resolution, either.

    The A7R III has an extremely clear viewfinder along with a sharp main display screen you can use to frame the scene, which are two features praised in the Steve Huff Photo review.

    The unit’s autofocus system works extremely fast, giving this Sony mirrorless camera a high level of performance.

    Battery life is seriously improved from the previous model, the A7R III, allowing for about 650 frames — or one relatively full shoot (still, keep an extra charged battery or two on hand).

    You will pay a lot for this camera, so we wouldn’t recommend it for beginners just looking at getting their feet wet. Furthermore, you’ll need to be an experienced photographer to take advantage of the Sony camera’s metering and white balance capabilities, as adventure photographer and photojournalist Chris Burkard explains (this is filmed by and for Sony).

    But when you’re ready to step up your photography game and want a mirrorless ILC, nothing beats the Sony A7R III’s image quality.

    If you want to spend a little less, and maybe give yourself a little more room in your lens budget, check out the Sony A7III, which is still a professional-grade camera but offers half (24.2) the megapixels of the A7R III, and is more than sufficient so long as you’re not looking to blow up billboard-sized images. — Kyle Schurman and Owen Burke

    Pros: Full frame image sensor creates amazing photos, excellent viewfinder quality, works fast with a high-quality autofocus system, intermediate and professional photographers will appreciate the advanced features

    Cons: Older model, extremely high price point, not really aimed at beginners, poor battery life

    Buy the Sony a7R III mirrorless camera on Amazon for $2,798 and up (body only — price increases as you add lens kits)



    The best mirrorless camera for video

    Why you'll love it: If you’re looking to record both high-quality still images and video streams with a single lightweight camera, you’ll appreciate the Panasonic Lumix G85.

    The Panasonic Lumix G85 has a great set of features for photographers looking to buy their first advanced interchangeable lens camera. This model ships with a kit lens, giving it a reasonable price point, but its greatest feature is the ability to shoot video at up to 4K resolution and 30 frames per second.

    The G85 also can record full HD video at 60 frames per second, producing a strong combination of video recording capabilities. You don’t need a separate digital camcorder if you own this Panasonic camera.

    The Camera Labs review mentioned the importance of having a long battery life in a camera that is designed for video recording, and the G85 delivers. However, one Amazon reviewer says the camera’s autofocus system doesn’t always work accurately when shooting video in tough lighting conditions.

    The touchscreen simplifies the process of operating this Lumix G85 camera, making it run a lot more like a smartphone camera. The G85 includes a viewfinder, too, which gives it a leg up on some other mirrorless cameras, according to TechRadar.

    The image sensor in the G85 delivers 16 megapixels of resolution in an image sensor that is similar in size to an APS-C sized sensor. The Steve’s Digicams review says the still image and video quality are both excellent with the G85.

    One Amazon buyer mentioned the low weight of the Lumix G85, which makes it easy to carry with you anywhere.

    Pros: Excellent video quality and frame rate with 4K resolution, good still image quality, LCD has touch capabilities for easy operation, long battery life, good price point as it also contains a kit lens

    Cons: Still image resolution limited to 16MP, some autofocus problems in tricky lighting conditions

    Buy the Panasonic Lumix G85 mirrorless camera (with kit lens) on Amazon for $897.99



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    This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

    5b478d977b67141e008b48b5 1334 1001

    The average US consumer holds about three nonretail credit cards with a balance over $6,000, according to Experian. As confidence rises, spending is hitting prerecession levels. For banks, that should be a good thing, since credit cards are profitable. But the push to attract a particularly interested and engaged customer base through sign-up bonuses and lucrative rewards offerings has led banks into a rat race, with surging expenses and rising delinquencies that are hurting returns.

    To make credit cards as valuable as they could be, and to bring returns back up, issuers need to direct their efforts not just toward becoming one of consumers’ three cards, but also toward becoming their favorite card. Rewards are more important than ever — three of the top four primary card determinants cited by respondents to a Business Insider Intelligence survey were rewards-related — so abandoning them isn’t effective.

    Instead, issuers need to be more resourceful with their rewards offerings, focusing on areas that encourage habit formation, promote high-volume spending, and help to offset some of the rewards costs while building engagement and loyalty.

    In this report, Business Insider Intelligence sizes the US consumer credit card market, explains why return on assets (ROA) is on the decline, highlights the importance of rewards in attracting customers, and lays out three next-generation rewards strategies that are popular among certain demographics, which issuers can implement to return their card business to profitability. To drive this analysis, we conducted a survey centered on users’ card preferences to over 700 US members of our proprietary panel in May 2018.

    Here are some key takeaways from the report: 

    • Competition driven by consumer card appetite in the US is hurting issuer returns. Consumer confidence and regulatory policy that favors credit cards should be a boon to issuers. But the competition has surged expenses to unattainable levels and increased delinquencies, which are causing returns to trend down.
    • Consumers still value rewards above all when it comes to cards. Two-thirds of respondents to our survey cited rewards-related offerings as the leading driver of primary card status, but they can be pricey for issuers.
    • Using resources strategically and offering rewards types that encourage high-volume spending and drive engagement through habit formation, like flexible offerings, rewards for e-commerce, and local bonuses, could be the path to success in the future.

    In full, the report:

    • Identifies the factors that are causing high credit appetite to hurt issuer returns.
    • Explains the value of top-of-wallet status, and evaluates the factors that drive it based on proprietary consumer data.
    • Defines three popular next-generation rewards options that issuers can use to drive up spending and engagement without breaking the bank.
    • Issues recommendations about how to offer these rewards and what demographic groups could be most receptive to them.

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    best fund managers of 2019 2x1

    In 2018 the stock market rediscovered volatility.

    After 2017 saw traditional measures of price swings locked at record lows, swift market gyrations were again the status quo.

    For those observing this price action at ground level, it was a tumultuous whirlwind, marked by two separate corrections that came months apart.

    But for a select group of money managers, 2018 was a year for the ages. Some of them saw turbulence coming and planned accordingly, while some employed long-term strategies that insulated them from temporary shocks.

    Business Insider spoke with the eight best-performing large-cap fund managers of 2018, as ranked by Kiplinger. They shared the secrets behind their success and offered outlooks and stock picks for 2019.

    This story presents the results of our discussions with these investing heavyweights, who broke down their methodologies, what they did right, and what their attack plan is going forward.

    Subscribe here to read our full story.

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    Nike_NBA_EarnedEditionUniforms_Featured_3_original

    • For the first time ever, the NBA decided to tack on an added incentive for the 16 teams competing in the NBA postseason.
    • Shortly after reintroducing Nike's NBA "City" jerseys, the NBA once again teamed up with the sportswear giant to drop the "Earned Edition" uniforms.
    • Check out all 16 NBA "Earned Edition" jerseys below.

    In the past, the glory of being one of the top 16 teams in the league and the hunger to win it all was enough to motivate teams to earn a spot in the NBA playoffs.

    For the first time ever, the NBA decided to tack on an added incentive for the 16 teams competing in the NBA postseason.

    The NBA teamed up with Nike to produce yet another alternative uniform, but this time only the best of the best earned the privilege of donning new threads.

    Some of last year's best teams paid homage to their city's histories, while others opted to put a twist on already popular alternative jerseys. Select teams will first don their uniforms on Christmas Day, while others will debut their new threads shortly after. The Nike NBA Earned Edition jerseys will become available for purchase on December 19.

    Check out all 16 NBA "Earned Edition" jerseys below:

     

    The Philadelphia 76ers transported their classic 13-star chest design to a crisp, white jersey for their Earned Edition jerseys.



    Inspired by the warm-up jackets worn by the franchise's dominant squads of the 1980s, the Boston Celtics Earned Edition uniforms feature the team's classic green base with gold accents and a white trim.



    The Houston Rockets' new jerseys frame a classic red base with crimson accents on the collar and side panels.



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    yellies

    • Yellies are a new line of fuzzy, spider-like toys that are activated by people yelling.
    • The louder kids yell, the faster the Yellies scoot — a function that many see as an end to any hope of holiday peace and quiet. 
    • One mother said in a viral Facebook post that a Yellies toy terrorized her son, chasing him faster as he screamed in fear. 
    • However, the toys are flying off shelves, with Target selling out and Amazon resellers raising prices due to increased demand. 

    A controversial new toy is grabbing shoppers' attention this holiday season. 

    This year, Hasbro rolled out a new line of toys called "Yellies." The arachnid-esque "Spooders" are fuzzy, motorized creatures that are activated by people yelling. The louder kids yell, the faster the Yellies scoot. 

    If this description gives you pause, you aren't alone. Giving a child a toy that requires yelling — specifically, yelling at increasingly aggressive volumes — seems like a declaration of war against anyone trying to enjoy a quiet and peaceful Christmas. 

    "Who on earth thought inventing this toy would be a good idea?!" Karen Alpert, the writer behind parenting blog Baby Sideburns, posted on Facebook.

    Others are similarly baffled by why someone would give Yellies as a gift, except as an act of revenge. 

    In a viral Facebook post, one mother described another problem created by Yellies. After opening the Yellies toy, Hilary Hard said the spider began terrorizing her son.

    "I yelled at it. The spider ran for it," Hard wrote. "Leo starts screaming... the louder he screams, the faster the spider pursued him." 

    Things escalated from there, with the toy backing her son into the corner as he shrieked in terror. 

    "So, in short, maybe a little electronic spider thats power source feeds off of screams of terror... is not the best Christmas gift for your small child," Hard said. "10 years from now we'll be discussing this in therapy." 

    Despite concerns about terrorized children and parents, most reviews of the Yellies are actually positive. Even Hard came around to the toys, despite her son's initial terror, posting a Facebook update with her son holding some "cuddlier" options. 

    "Great little toy that follows kiddos voices!" reads one five-star review on Amazon."Keeps everyone entertained!"

    "So much fun for the whole family. Even the cat. I'm laughing so hard my stomach hurts,"another satisfied Amazon customer posted. 

    Of course, at least some of the five-star reviews on Amazon are tongue-in-cheek.

    "Buy this if you hate someone with kids,"reads one. 

    "If you have arachnophobia and point it towards yourself, you'll have a heart attack for about fourteen bucks as it will run towards your horrified screams!"reads another. 

    However, when you look at the cold, hard facts, the popularity of Yellies is clear.

    The toys are flying off the shelves, with Target selling out of certain varieties as of Thursday morning. Amazon resellers have increased prices recently, with most variations selling for more than $20 on the website, compared to $14.99 at Target or Walmart. 

    Here's the Yellies in action: 

     

    SEE ALSO: Butterfinger has been completely overhauled by Nutella's parent company — including a new recipe

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    weight loss body scale

    • Google released its "Year in Search" trends for 2018 on Wednesday.
    • The diets that Americans looked up the most fall into one of two camps: high-fat and low-carb, or calorie restriction, like fasting.
    • Some options, though, were downright bizarre. 

    Even though research shows that adopting a healthy eating plan you can stick to for life is a better tactic than yo-yo dieting, people are always intrigued by the latest strategy for losing weight in a hurry.

    Google has published its list of the trendiest, most searched diets of 2018. According to our Google searches, there seem to be two key strategies. Dieters seem to be curious about various kinds of high-fat, low carb plans like the keto diet, as well as schemes that ask people to restrict their eating to certain hours of the day or certain days of the week. 

    Given that more than 9 out of 10 internet searches in the world are performed on Google or its subsidiary YouTube, the search engine's list of trends is probably a decent gauge of what diets people were trying this year. But it's worth remembering that Google's annual trends are based on which search terms had the biggest spike in 2018 as compared to 2017. That means some oddball diets may have landed on this top 10 list simply because they're new and novel, so people were searching for information about how they work.

    Perennial classic diets like Atkins and Weight Watchers didn't make this list, but here are the 10 eating plans that did.

    SEE ALSO: A new $100 keto breathalyzer could finally make the low-carb diet easier to manage

    The Keto diet was the trendiest of 2018, based on Google searches. But the high-fat regimen isn't easy to follow.

    It's no surprise that the keto diet kept the internet curious this year — stars like Halle Berry and the Kardashians love it, and so do Silicon Valley tech workers, venture capitalists, and athletes like LeBron James.

    Keto diets put people into a fat-burning mode called 'ketosis,' because they don't eat enough carbs to power their body or brain. To get into this mode, keto dieters strictly limit their sugar and carb intake, filling up instead on butter, heavy cream, full-fat yogurt, leafy greens, vegetables, meat, and seafood.

    The keto diet was first used clinically in the 1920s to help with tough-to-control epileptic seizures that weren't responsive to other drugs. Lately, some people have also used the diet to help control cases of Type 2 diabetes. But going keto can lead to kidney and liver issues, so consult a doctor if you want to try the plan.

    Because it's so hard for people to stay on the strict keto regimen, we don't yet have good data about what the long-term effects of this diet might be. 



    The Dubrow Diet is a new plan from reality TV husband-and-wife pair Heather and Terry Dubrow. In many ways, it's just an intermittent fasting routine.

    Terry Dubrow catapulted to fame on the TV show "Botched," and he and his wife Heather co-starred in "The Real Housewives of Orange County." 

    They're leveraging that fame to tout a diet plan that's essentially a version of intermittent fasting, a regimen in which dieters spend up to 16 hours a day fasting, and confine their eating to an 8-hour window. 

    "If you know how to eat in certain timed intervals, you will on a daily basis preferentially break down your fat in a very rapid way," Terry Dubrow told Dr. Phil on his show in October when the book was published (by a company owned in part by Dr. Phil's son). "You'll send your body, physiologically, into an anti-aging state." 

    One reason the Dubrow plan may be effective is that it keeps people from mindlessly snacking all day. But fasting also has the potential to increase ketone levels in the body. 

    The Dubrow diet consists of three phases: first, there is an extremely restrictive phase, with no alcohol allowed for the first 2-5 days. Then the diet opens up to include more foods and brings back alcohol. The third and final phase is more relaxed and focused on maintenance.

    The couple claims that 100 adults who tried the diet for six months under the Dubrows' supervision lost between 33 to 86 pounds. But rapid weight loss doesn't always lead to long-term results, and yo-yo dieting can have serious consequences for your heart. 



    Noom is a weight-loss app that provides users with individualized feedback.

    App users enter in how much they weigh, along with data on how often they're exercising, eating, and sleeping. Then they get advice in personal and group messages from human coaches, as well as access to online resources (like articles on how to eat local food and tips for sleeping better). 

    The app is getting good results for people with pre-diabetes: In 2017, the Centers for Disease Control and Prevention (CDC) listed Noom as one of its recommended, evidence-based, Type 2 diabetes prevention programs — a first for a smartphone app.

    "We know that the program is above the requirements," Noom president and co-founder Artem Petakov said when the news was announced. "The CDC requires that 40% of participants lose 5% of their weight, and Noom demonstrated that 51% achieved 5% weight loss."

    Prices for the program range from $16 to $60 per month, depending on how long you agree to subscribe.



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    The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

    download 1

    Despite our best efforts, we're not getting any younger, and our holiday shopping lists aren't getting any shorter.

    With just a month left before the gift-giving extravaganza begins, it's high time to kick into high gear, and finish (or let's be honest, start) your gift-buying process. And as onerous the task may seem, the good news is that as the number of gifts you have to buy has expanded over the years, so too have the places from which you can purchase said gifts. So if you don't want to spend hours on end in a mall, perhaps you'd be better off doing your shopping from the comfort of your couch, and browsing a surprisingly robust selection from some unexpected retailers.

    Whether you're shopping for an athlete, a newlywed, or a jet-setter, some of our favorite places to buy holiday gifts are also the most underrated.

    You'll never have to set foot into a crowded store ever again, and you'll still find a wide range of unique gifts that ought to please even the most persnickety of recipients. And even if not, it's the thought that counts, right?

    Browse on to see some of our favorite places to discover gifts for the special people in our lives, and realistically, for ourselves, too.

    Still shopping for more gifts? Check out all of Insider Picks' holiday gift guides for 2018 here.


    SEE ALSO: All of Insider Picks' holiday gift guides, in one place

    DON'T MISS: 26 fun gifts that grown-up Disney and Mickey Mouse fans will love

    Urban Outfitters

    Shop for gifts at Urban Outfitters here >>

    Ah, Urban Outfitters. The origin of every teen's wardrobe (no, was that just me?) is also the origin to some great and surprisingly unexpected gifts. Urban has put together a gift guide that includes the top 50 gifts of the year, and it runs the gamut from clothing to roller-skates to pillows — surprisingly unexpected, right?

    While I thought that my days of shopping at Urban were long behind me, I've been pleasantly surprised by the increasingly creative catalog the store has managed to put forth year after year, and you may be as well.



    UncommonGoods

    Shop for gifts at UncommonGoods here >>

    Based in Brooklyn, New York, it comes as little surprise that the gifts from UncommonGoods are, as the name suggests, uncommon. You won't find any cookie cutter presents (unless you're looking for a novelty cookie cutter) at UncommonGoods, and may be surprised by the multiplicity of thoughtfully designed artisanal items.

    The online store is also one of the only ones we've seen that has a separate section for teens (they're different from both kids and adults, as we all know), so if you have a particularly angsty child in your life, this may be the place to look for placation.



    Everlane

    Shop for gifts for her at Everlane here >>

    Shop for gifts for him at Everlane here >>

    For responsibly sourced, ethically made, and effortlessly chic clothing, Everlane is the place to go. Admittedly, the clothes from this retailer are an ideal gift any time of the year, but if someone has been particularly good to you in 2018, you could always reward them with a cozy cashmere sweater or a classic backpack.

    Everlane's gift guides for him and her already feature plenty of gifting options that are as timeless as they are simple, and are sure to remain a hit for many holiday seasons yet to come.



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    highway cash release grab

    • An armored Brink's security truck accidentally released cash into the air on a highway Thursday morning.
    • Videos of people leaving their cars to take some of the loose money went viral.
    • Police said the Brink's incident triggered two additional car crashes.   

    An armored truck on a New Jersey highway accidentally released its cash cargo, letting dollar bills fly through the air for anyone to take.

    The incident, which occurred on Route 3 in East Rutherford, happened at around 8:30 a.m. Thursday morning. 

    In videos from the scene, people can be seen scrambling up and down the road, grabbing bills, and rushing back to their cars. An employee of Brink's — the securities firm that ferried the cash — is also captured trying to get back some of the money.

    "I'm gonna get a thousand dollars,"one person can be heard yelling in a video.

    Other people just stayed in their cars, worried about the oncoming traffic.

    "I should get out and get some money, but I'm not trying to die today,"one person said in a different video.

    Videos of people grabbing money went viral Thursday morning.

    Police told Gothamist that a technical malfunction caused one of the truck's back doors to open. The drivers who left their cars to take money led to two separate car crashes, police said.

    Brink's executive Edward A. Cunningham told INSIDER that the incident was being investigated.

    "We confirm that one of our trucks was involved in an incident on Route 3 in East Rutherford this morning," he said in a statement. "The incident is under investigation and we have no additional comment at this time."

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    British Airways Embraer Airbus

    • The United Kingdom's decision to leave the European Union on March 29, 2019, will likely have a major effect on airlines such as British Airways and Virgin Atlantic
    • The UK and the EU may be able to strike a deal ahead of Brexit to preserve existing aviation agreements with a transitional period to negotiate new ones.
    • But such a deal is not guaranteed.
    • Credit rating agency Moody's has identified five major risks for airlines if there is a no-deal Brexit. 

    The UK will leave the European Union on March 29, 2019. How Britain will exit the EU, hence the term Brexit, will be a major determinant on the long and short-term effect it will have on the nation's airlines. 

    If things go well for the UK, there will be a deal struck between it and the EU to preserve existing economic and air transport agreements along with a transitional period to negotiate new ones. 

    This, according to Credit rating agency Moody's, remains the most likely course of action. 

    "Our base case scenario is that the UK and EU will reach an agreement," Jeanine Arnold, Moody's vice president and senior credit officer, told Business Insider.

    But, if things go awry, the UK may experience a Brexit in which the country is forced to break away from the EU without a withdrawal deal in place. 

    Should there be a no-deal Brexit, Moody's has identified five main risks for airlines.

    The first risk for UK airlines is the immediate loss of flying privileges to and within Europe. EU airlines would lose their ability to operate to the UK. According to the agency, the probability of such an occurrence is possible with short-term credit impact on airlines "severe but temporary." However, the disruption to operations could last a few days to a few weeks. 

    Read more: Theresa May dashes hopes of Brexit deal 'breakthrough' as EU leaders refuse to renegotiate.

    "Say, if there's no flying for two weeks while they sort out a bare-bones agreement, the likes of the British Airways, EasyJet, and WizzAir have significant liquidity reserve and I think they would be able to sustain no flying," Arnold said.  

    In the long run, this scenario is likely to result in more restrictive traffic rights which will have a modest effect on airlines in that they will have to adjust their flight schedules and route networks.

    The second risk is the loss of traffic rights to countries where UK airlines rely upon EU negotiated multilateral aviation agreements for access. Countries that fall into this category include the United States, Canada, Brazil, Israel, Georgia, Jordan, Moldova, and Morocco. 

    For British Airways and Virgin Atlantic, trans-Atlantic flying is perhaps their most important market segment, Arnold explained. 

    Should such a scenario take place, the short-term effect would be severe. 

    However, Moody's says it is highly unlikely this will happen. The UK has already agreed to new bilateral air transport agreements with the US and Canada. 

    The third risk identified by Moody's is the failure of airlines to meet EU ownership requirements. The EU stipulates that European airlines must maintain their main place of business in an EU member country and by more than 50% owned by either EU nations or citizens. 

    Airlines based in the UK with UK ownership will no longer satisfy the EU requirement.  As a result, offending airlines will have to modify their equity ownership structure and establish local subsidiaries within Europe.

    Failure to fulfill this requirement could lead to the loss of an airline's operating license and the ability to fly.  

    According to Moody's, it is possible such a risk may materialize, but the effect on airlines in the short-run will be moderate. 

    The fourth risk for airlines is the loss of safety certifications for UK airlines and their staff. Analysis from Moody's indicates this risk is unlikely to materialize. This is because the EU already has a system in place to vet foreign airlines. Considering the fact the UK airlines already conform to EU standards, getting approval should not be a problem. 

    Read more: Theresa May survives Conservative Party no-confidence vote.

    The fifth and final risk for airlines identified by Moody's is the weaker macroeconomic conditions caused by Brexit. 

    According to Arnold, this is the most likely of the five scenarios identified by the agency to actually cause the most significant impact on an airline's credit ratings. 

    Deteriorating Gross Domestic Product and the devaluation of the British Pound represent the weakening of the overall economy.

    "We've already seen the Sterling fall in value and we're not even at Brexit," Arnold said. 

    Even though having planes grounded is severe, its damage to the business is temporary, the analyst explained. 

    However, currency devaluation and falling GDP will likely lead to a sustained fall in demand for UK customers. 

    UK flyers who find their buying power in the US diminished by the falling value of the Pound Sterling may choose to stay at home or travel in Europe, Arnold said.

    This would threaten the well-being of British Airways's and Virgin Atlantic's highly profitable trans-Atlantic business. 

    SEE ALSO: The nastiest feud in the airline industry is back

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    Ed Yardeni

    • Veteran economist and president of Yardeni Research, Ed Yardeni, addressed President Donald Trump's economic advisers at a White House lunch this week. He told Business Insider what he said.
    • Yardeni said Trump did not attend the meeting, which was arranged by Larry Kudlow, director of the White House's National Economic Council.
    • Among the main themes the economist addressed were US-China trade tensions and volatility in the stock market.

    Veteran economist and strategist Ed Yardeni shared his perspective on the economy and the market with President Donald Trump's top economic advisers at the White House this week, and his biggest talking points included the US-China trade war and stock-market volatility.

    Trade uncertainty has rocked the stock market in recent months, with many economists citing the trade war as the biggest threat to the US economy next year. Stocks saw a boost this week on hopes of a resolution.

    Yardeni, who discussed the presentation in a phone interview with Business Insider on Thursday, said he was invited by Larry Kudlow, director of the president's National Economic Council. However, Kudlow was not in attendance for the lunch on Wednesday, Yardeni said, and neither was President Trump.

    He said that he and Jason Trennert, CEO and chief investment strategist of Strategas Research Partners, presented to a group of 10 people, among them "several of the president's top economic advisers." Yardeni went into the lunch with four key themes: trade between the US and China, monetary and fiscal policies, productivity and the supply side, and the stock market.

    He would not elaborate further on the attendees or on the advisers' reactions to his presentation, but said the group was a "bunch of Cool Hand Lukes" who "kept their cards close to the vest" and revealed little by way of reaction to Yardeni's points.

    "I don't have a clue whether it just simply corroborated things they're thinking, or I gave them new insights," he said.

    Yardeni is no stranger to the intersection of markets and policy. He spent decades on Wall Street in a variety of top positions like chief investment strategist of Deutsche Bank and chief economist of Prudential, and worked at the US Treasury and at the Federal Reserve in both Washington, DC, and New York.

    Here are the eight charts he ran through:

    Manufacturing production and capacity

    "President Trump won because he promised to bring good jobs back to the US," Yardeni wrote on his presentation.

    "Rapid technological change is both disrupting and energizing our economy. The first effect tends to dampen productivity, while the second tends to boost it."



    Real retail sales growth in China

    "China's one-child policy has created a demographic nightmare for the country," Yardeni wrote in his presentation, pointing to slowing retail sales growth as an indicator for the country's economic health.

    "Hiding in plain sight is that China is seeking to become a super-power before it turns into the world’s largest nursing home," he wrote, adding that the country is still heavily dependent on trading with the rest of the world.



    Price inflation vs. unemployment rate

    "There's no trade-off between price inflation and unemployment," Yardeni wrote, attempting to show that while unemployment in the US has fallen below 4%, inflation remains historically low.



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    Tokyo

    • Fifteen of the 20 most popular cities in the world for tourists are in Asia.
    • That's according to Euromonitor International's annual list of the biggest cities for international tourism released last week.
    • The cities were spread out over several countries, including China, India, Thailand, Japan, and Turkey.

    Asian cities are dominating the global tourism scene.

    Euromonitor International released its annual list of the most popular cities for international tourists last week, and Asian cities took an impressive 15 of the top 20 spots.

    The market-research firm looked at 600 total cities and ranked them based on the number of foreign tourists they saw, using travel data from 2017 and partial-year data for 2018.

    Topping the list for the eighth consecutive year was Hong Kong, which received nearly 30 million tourists this year. The top Asian cities were spread out over several countries, including China, India, Thailand, Singapore, Japan, and Turkey. 

    Read more: The 31 most popular cities in the world for travelers

    The only non-Asian cities to make the top 20 were London, Paris, New York City, Rome, and Prague.

    Read on to see the Asian cities that proved to be the biggest tourism hotspots of the year. You can also check out the list of the 31 best cities for tourism worldwide and the top tourism draws in North America.

    Here are the cities that made the cut:

    SEE ALSO: The 31 most popular cities in the world for travelers

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    15. Mumbai, India

    Overall rank: 19

    Projected arrivals in 2018: 10,670,100



    14. Guangzhou, China

    Overall rank: 18

    Projected arrivals in 2018: 9,392,000



    13. Taipei, Taiwan

    Overall rank: 17

    Projected arrivals in 2018: 9,783,300



    See the rest of the story at Business Insider

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    Trump admin 2x1

    • The Trump administration has seen an unprecedented level of turnover.
    • President Donald Trump's White House saw more firings, resignations, and reassignments of top staffers than any other young administration in modern history during its first year. 
    • This trend continued into 2018 and nearly a dozen people in top positions were fired, resigned, or shifted to another job. 

    President Donald Trump's White House saw more firings, resignations, and reassignments of top staffers than any other young administration in modern history during its first year.

    This trend continued into 2018, and Trump's White House once again looks decidedly different than it did 12 months ago. 

    Trump has claimed he only hires the "best people," but his track record suggests otherwise. 

    Read more: 21 scandals that rocked the Trump administration in 2018

    In the past 12 months alone, the Trump administration has seen nearly a dozen top officials be dismissed, resign, or change positions: Hope Hicks resigned as White House communications director amid multiple controversies in February, Rex Tillerson was fired as secretary of state in March, Mike Pompeo shifted from being CIA director to becoming secretary of state in April, VA secretary David Shulkin was fired in March, H.R. McMaster was ousted as national security adviser in April, scandal-plagued EPA administrator Scott Pruitt resigned in July, US Ambassador to the UN Nikki Haley abruptly resigned in October, White House counsel Don McGahn left his position in a frustrated hurry this past October, Attorney General Jeff Sessions resigned at the request of the president in November, and John Kelly's departure as White House chief of staff was announced in December (with no replacement named).

    Read more: John Kelly is out — here are all the casualties of the Trump administration so far

    The graphic below shows how much the Trump administration has changed between the end of 2017 and the end of 2019. 

     

    SEE ALSO: US gun laws, Thai cave divers, and the price of beer around the world: What 2018 looked like in maps

    DON'T MISS: This graph shows 90% of political donations from Google workers went to the Democrats

    Join the conversation about this story »

    NOW WATCH: Anthony Scaramucci claims Trump isn't a nationalist: 'He likes saying that because it irks these intellectual elitists'


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