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The latest news from Business Insider
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    Blockbuster Bend Yelp

    • Blockbuster is almost down to a single location in the entire United States: a shop in Bend, Oregon.
    • On Thursday, Blockbuster announced that the final two locations in Alaska would close next week.
    • The Bend location is beloved by locals and a hot spot for nostalgic tourists eager to see the last Blockbuster in America. 

    Blockbuster's last stand in the United States is in Bend, Oregon.

    On Thursday, Blockbuster announced that the last two stores Alaska would close up shop next week. That will leave just one Blockbuster location in the entire US.

    The holdout is in Bend, a city in central Oregon with an estimated population just shy of 100,000. As the last Blockbuster locations across the US have closed — with two other Blockbusters in Oregon closing in recent months — travelers have begun making their way to Bend in a nostalgic pilgrimage to the video-rental chain.

    For Blockbuster lovers desperately missing the store, and for video-rental virgins raised on Netflix, here's what it's like to visit the last remaining Blockbuster in the US.

    SEE ALSO: The last Blockbusters in Alaska are finally closing, leaving just one location of the video rental chain left in the entire US

    Bend's Blockbuster sign is instantly recognizable and a guaranteed nostalgia trigger for any child of the '90s.

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    Inside, the store remains the same, though videotapes have been swapped for DVDs.

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    You can still open a membership and rent movies for a $30 monthly fee.

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    Source: Bend Bulletin



    See the rest of the story at Business Insider

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    Sergio Marchionne Ferrari

    • Fiat Chrysler Automobiles and Ferrari CEO Sergio Marchionne is stepping down amid a health crisis.
    • Marchionne had experienced complication following surgery.
    • Marchionne took over Chrysler and merged it with Fiat during the US financial crisis, when Chrysler went bankrupt and was bailed out by the US government.
    • Marchionne had planned to retire as CEO of FCA in 2019, but continue as head of Ferrari until 2021.


    Fiat Chrysler chief Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari after suffering serious complications from shoulder surgery.

    "Fiat Chrysler Automobiles communicates with profound sorrow that during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours," the automaker said in a statement.

    "As a consequence, Mr. Marchionne will be unable to return to work."

    Marchionne's duties at FCA will be assumed by Mike Manley, who had been running FCA's Jeep division.

    "The success of the Jeep brand under Mike Manley and his global background make him the smart choice to be the new head of FCA," Karl Brauer, executive publisher of Autotrader and Kelley Blue Book, said in a statement. "His international experience in growing that brand will play a key role as he applies those techniques to all of the Fiat Chrysler divisions."

    According to Reuters, Marchionne had intended to remain as Chairman and CEO of Ferrari until 2021. 

    But on Saturday the luxury carmaker said it had appointed board member Louis Camilleri as its new CEO, replacing Marchionne.

    "In an emergency meeting called after Marchionne's health worsened, the Ferrari board also named John Elkann as chairman and gave Camilleri powers to oversee the company's operations," Reuters reported.

    Marchionne, 66, merged Fiat and Chrysler after the 2008-09 financial crisis and the bailout and bankruptcy of the Detroit company.

    He later became CEO of Ferrari and staged successful IPOs of both automakers.

    Marchionne, a Canadian-Italian, was known for his uniform of slouchy sweaters in an industry where most executives wear tailored suits. He was also famous for brash comments about the car business. 

    The takeover of Chrysler that he engineered defied the odds. Chrysler was bailed out an declared bankruptcy at the same time as General Motors. But the smaller automaker was though to be lost cause — until Marchionne stepped to take the company off the government's hands.

    The combined firm has returned 230% to investors since its 2014 IPO. 

    In 2015, Marchionne spun off Ferrari; shares of the Italian supercar maker have returned over 150%.

    FOLLOW US: On Facebook for more car and transportation content!

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    tiger woods 2018

    Tiger Woods is one of the most fiercely competitive golfers in the world.

    From his cold demeanor on the course, relentless work ethic, and desire to do nothing else but win, there are endless stories about Woods' insane competitiveness.

    Woods is back in the spotlight this week as he is in contention at The Open for the first time in years. Relive some of the greatest examples of Woods' competitiveness below:

    When Woods was 14 he said he could be the Michael Jordan of golf.

    Source: Golf.com



    He has practiced before and after competitive rounds: He was spotted playing in the dark at the 2011 PGA Championship.

    Source: Nike Golf



    He used to have a crazy, non-stop daily routine.

    Woods recently revealed what his daily routine was when he was younger:

    "I used to get up in the morning, run four miles. Then I'd go to the gym, do my lift. Then I'd hit balls for two to three hours, I'd go play, come back, work on my short game, I'd go run another four more miles, and then if anyone wanted to play basketball or tennis, I would go play basketball or tennis. That was a daily routine. I'm not doing any of that now."



    See the rest of the story at Business Insider

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    shazam zachary levi

    • Warner Bros. debuted the first trailer for superhero movie "Shazam" at San Diego Comic-Con Saturday.
    • It feels a lot like Tom Hanks' 1988 movie "Big" about a child who transforms into an adult.
    • "Shazam," based on the comic-book character, follows 14-year-old foster kid Billy Batson (Asher Angel) who is bestowed with superhero powers by an ancient wizard.
    • All he has to do is say the name Shazam and he turns into a superhero.
    • The trailer shows Batson with his friend testing out what powers he has until he runs into a bad guy, Dr. Thaddeus Sivana (Mark Strong).
    • "Shazam" will be in theaters April 5, 2019. Watch the trailer below:

     

    Join the conversation about this story »

    NOW WATCH: Brazil's empty $300 million World Cup stadium


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    aquaman jason momoa

    • Warner Bros. debuted the first trailer for "Aquaman" at San Diego Comic-Con on Saturday.
    • Jason Momoa reprises his role as Arthur Curry after his role in "Justice League."
    • The movie will follow Curry's origin story as his love, Mera (Amber Heard), convinces him to take over the mantle of King of Atlantis.
    • Willem Dafoe and Nicole Kidman also star.
    • Yahya Abdul-Mateen II will play the movie's villain Black Manta. 
    • "Aquaman" will be in theaters December 21. Watch the trailer below.

    Join the conversation about this story »

    NOW WATCH: Why you hold your boss accountable, according to a Navy SEAL


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    Tiger Woods

    • Tiger Woods shot a blistering 5-under, 66 in the third round of The Open Championship and briefly held a tie for the lead.
    • Woods finished the day four strokes behind the leaders in a tie for sixth place.
    • Even if Woods does not win The Open, the incredible run has proven that he can win another major.


    If it wasn't official before, it is now — Tiger is back.

    Tiger Woods rattled off six birdies in 11 holes during the third round of The Open Championship at Carnoustie en route to a 5-under 66. It was his lowest score in a major since 2011.

    Tiger would finish the day at 5-under, four strokes behind the leaders, including Jordan Spieth. But before that, he briefly had the golf world buzzing when he reached the green on the Par 5 14th in two and two-putted for a birdie and a share of the lead.

    Tiger Woods

    Tiger's incredible run at The Open has effectively ended the biggest debate about his latest comeback — Can Tiger Woods win another major?

    The answer is a resounding "Yes."

    Woods might not win The Open this week, and he might not win the PGA Championship at Bellerive in August, and we can still debate whether or not he can catch Jack Nicklaus' record of 18 major championships. But if anybody, at this point, is still saying Woods won't win another major, they are just guessing, because clearly, Tiger can win a 15th major.

    It's also clear that Tiger believes he is back.

    "I played well today,” Woods said. “I really, really did. It’s been a few years since I felt like this.”

    Even NBC's legendary golf announcer Johnny Miller believes Tiger is ready to break through.

    "There’s sort of a glass ceiling on him right now," Miller said. "He’s done so many fabulous things in his career, but he needs to break through the ice is what it amounts to. He is ready to break out and has a good chance to win, if not win."

    And if you doubt that, check out this approach on 18 to save par after nearly putting his drive in the burn.

    Tiger is back, but more importantly, so is his game.

    SEE ALSO: 23 examples of Tiger Woods' insane competitiveness

    Join the conversation about this story »

    NOW WATCH: What it takes to be a World Cup referee


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    BHLDN

    • Gap Inc.-owned Weddington Way sent an email to customers on Monday confirming that it had wound down all operations. 
    • The store follows in the footsteps of J.Crew, which retreated from bridalwear in 2016 amid flagging sales. 
    • We put together a list of brands offering bridesmaid dresses that cost between $68 and $328.

    Weddington Way has officially closed. 

    On Monday, the Gap-owned bridesmaid-dress retailer sent an email to customers confirming that it had wound down all operations besides its customer-service platform, which will be available for the next month.

    Weddington Way sold bridesmaid dresses and bridal accessories online, in 13 US test stores, and in some Banana Republic stores. It sought to capitalize on the casualization of the bridalwear industry by offering ready-to-wear designs in regular sizes that didn't require alterations. 

    The company launched in 2011 and was acquired by Gap Inc. in 2016.

    Weddington Way follows in the footsteps of one of its competitors, J.Crew, which retreated from bridalwear in 2016 amid flagging sales. 

    A spokesperson for Gap told Retail Dive in an email in April:"While the business is performing well, we determined that Weddington Way would take time to scale in an impactful way for Gap Inc."

    Gap Inc., which operates its namesake brand, Old Navy, Banana Republic, and Athleta, has been doubling down on its more successful areas of business, specifically Old Navy and Athleta.

    In September 2017, the company outlined its long-term growth strategy for its brands. It said that it is expecting Old Navy and Athleta to exceed $10 billion and $1 billion in net sales, respectively, in the next few years, and it will be looking to grow these areas of the business.

    The departure of Weddington Way has left many fans wondering where to shop for affordable bridesmaid dresses now. We put together a list of brands offering dresses that cost between $68 and $328. Forever 21 was the cheapest brand overall:

    SEE ALSO: Millennials have a new attitude about weddings — and it's sending bridal stores into a downward spiral

    H&M

    Shop here.



    BHLDN

    Shop here.



    Forever 21

    Shop here.



    See the rest of the story at Business Insider

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    char kway teow

    • The US is home to virtually every type of cuisine, but there are still many international foods most Americans aren't familiar with.
    • They include poutine from Canada, goulash from Hungary, and mango sticky rice from Thailand.
    • We selected 16 foods from around the world Americans are missing out on.


    The United States is home to every type of cuisine under the sun, from Mexican to Mongolian.

    But there are still plenty of international foods most Americans haven't heard of, let alone tried. They include hearty dishes like South African bunny chow and sweet treats like stroopwafels from the Netherlands. 

    I've been to 25 countries, and I drew on my own travel experiences and recommendations from local experts in compiling a list of the best foods that Americans are missing out on. Take it from me — you'll want to try these delicious dishes when you travel abroad.

    Here are 16 foods from around the world we wish they served in America.

    SEE ALSO: 11 things you'll hardly ever see in the United States

    Poutine is Canada's way of making French fries even better.

    America's neighbor to the north has made an immeasurable contribution to the world of French fries. For the uninitiated, poutine is a dish consisting of French fries covered with cheese curds and topped with brown gravy.

    You may be able to find poutine in the northeastern US, but it's most common in Quebec, where it's become a local symbol of cultural pride.



    Tostones are smashed and double-fried plantains eaten throughout the Caribbean.

    Tostones are a popular snack throughout the Caribbean and Central America. They're made from unripe plantains that are fried, smashed, fried again, and salted to savory perfection.



    In Argentina, the alfajor is three desserts in one — cookies, caramel, and chocolate.

    Sweet teeth around the world will appreciate the alfajor, a dessert that's popular in Argentina and other South American countries. The delicious confection is made with caramel-like dulce de leche sandwiched between two (or three) soft cookies, all of which is then coated with chocolate.

    Some varieties of alfajor come with coconut, honey, or jam inside, and a popular modern twist is the three-layered Oreo alfajor.



    See the rest of the story at Business Insider

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    Music headphones

    It's not easy choosing a music streaming app these days. The subscription prices are generally the same, there isn't much disparity in the music that's available, and on the surface the services all appear pretty similar.

    But there are some important differences that will decide which music app is right for you.

    Spotify and Apple Music are currently the two biggest music streaming platforms available. Here are the key differences you need to know about when choosing the music service that's in tune with your rhythm:

    SEE ALSO: The 15 biggest ways your iPhone will change in iOS 12

    Subscriptions: Spotify offers a free version of the app, but Apple Music is subscription-only after the initial, free three-month trial.

    Both Spotify and Apple Music offer student plans for $4.99 per month, individual plans for $9.99 per month, and family plans for $14.99 per month — so pricing won't likely play a role in your decision here. The free version of Spotify has limited functionality compared to the paid version, and includes ads.

    For the purpose of this article, the paid version of Spotify will be compared with Apple Music. 



    Apple Music starts off by asking you to select the genres and artists you're interested in.

    After you've made your selections, Apple Music starts to recommend playlists and artists that it thinks you will like. Spotify doesn't have this type of feature, but it learns from your listening habits over time. Both apps allow you to 'like' a song, letting them know that you want to hear more like it. 



    However, Spotify's recommendation system is much stronger.

    Spotify simply does a better job of making recommendations than Apple Music. Every Monday you receive a new 'Discover Weekly' playlist — 30 songs picked through an algorithm that are similar to music you've listened to in the past. Spotify also has an entire 'Discover' page that makes recommendations based on artists you listen to frequently. 



    See the rest of the story at Business Insider

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    frida rescue dog



    Dogs are too good for this world, but they rarely ever get recognition in the way that people do. But, the people of Mexico City have changed that.

    Frida, an 8-year-old rescue dog, was credited with saving at least 12 lives in the aftermath of the 2017 Central Mexican Earthquake. The earthquake, which registered at 7.1, killed almost 400 people, according to CBS News.

    Frida was able to help by sniffing through rubble and finding people that were trapped.

    On Thursday, a statue of Frida and her trainer Israel Arauz was erected in Puebla City — and Frida got to see the bronze version of herself. She seemed to like it a lot.

    The plaque reads, in Spanish "Memorable symbols of the strength Mexicans can have when we decide to come together for great causes."

    For more great stories, head to INSIDER's homepage.

    Join the conversation about this story »

    NOW WATCH: North Korean defector: Kim Jong Un 'is a terrorist'


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    zodiac astrology

    Many believe that zodiac signs are hugely influential and a great way to learn more about yourself. This powerful tool can offer insight that may help you to understand yourself, your pursuits, strengths, weaknesses, relationships, and even your intelligence.

    It may even help you discover which state you really belong in. Of course, there is no scientific evidence that Zodiac signs guarantee you'll be happy somewhere, so this is just for fun. But for astrology fans, here’s which state you really belong in based on your Zodiac sign.

    Aries: Massachusetts

    This fire sign needs to reside in a place filled with opportunities to pursue their dreams and to be active and innovative. Massachusetts offers numerous busy and beautiful cities like Boston, Springfield, and Cape Cod where those under this sign can build careers, seek out opportunities for competition, and be the trendsetterAstrostyle lists that an Aries strives to be.



    Taurus: Colorado

    This Earth sign prefers the mountains and outdoors as they tend to be drawn to the natural world. This sign is patient, hard-working, and a lover of the arts. Too, according to horoscope.com, this sign "frequently needs to get in touch with their physical self," which Colorado certainly is fitting for as one of the happiest and healthiest states in the nation.

    Colorado offers endless opportunities for outdoor adventures, beautiful mountain views, and two renowned art museums, just in Denver alone —Denver Art Museum and Museum of Contemporary Art Denver.



    Gemini: Idaho

    Geminis are all about complexity — they’re bubbly and excited, and other times serious and introverted. What better a place for Geminis than a place like Idaho? Idaho has one of the most extreme temperature ranges, making it a perfect match for the Gemini. After all, you’ll get to experience it all, from the outdoor recreation opportunities and historic sites to beautiful resorts, museums, and theme parks, Idaho’s wide range of seasonal activities will inspire Gemini’s creativity and keep them on their toes.



    See the rest of the story at Business Insider

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    great white shark

    • The likelihood of being attacked and killed by a shark are 1 in 3.75 million — less than the chances of dying by lightning strike or excessive cold.
    • In the wake of two shark attacks on New York’s Fire Island on Wednesday, INSIDER has examined the data behind shark attacks in the US and around the world.

    Shark attacks are one of the most notoriously feared dangers to beach-going humans — but how likely is it that you'd actually get bitten?

    Despite the mass fear surrounding the deadly animals, the chances of being attacked and killed by a shark are 1 in 3.75 million, according to the International Wildlife Museum.

    The chances are lower than the possibility of dying by a lightning strike, a firework accident, or excessive cold.

    In the wake of two shark attacks on New York’s Fire Island on Wednesday, INSIDER has examined the data behind shark attacks in the US and around the world.

    The US has had 1,400 recorded shark attacks in the last 171 years

    Between 1837 and 2017, there were 1,400 recorded unprovoked shark attacks in the US, according to data obtained by the University of Florida's International Shark Attack File.

    The most common place to be attacked in the US is Florida, with 812 attacks since 1847.

    Hawaii, California and South Carolina have all had between 100 and 200 attacks since the same year.

    It appears that Wednesday's attacks on Fire Island were uncommon, with only 10 attacks recorded in New York since 1847.

    The two children in the Wednesday shark attacks, aged 12 and 13, were bitten in the legs and are expected to make full recoveries.

    Officials are examining a tooth found lodged in one of the teen's legs to determine what species of shark was involved.

    The US had the most recorded shark attacks in 2017

    Around the world, there have been more than 3,000 shark attacks recorded in the last half a century.

    In 2017, the US had the most recorded shark attacks in the world with 53, but the country saw zero fatalities.

    Australia, meanwhile, ranked second in most shark attacks with 14, but had one fatality.

    Oceans off of Australia are known for being the habitat for deadly sharks including the Great White, Bull and Tiger sharks.

    Most shark attacks occur near the shore, typically in sandbars or between sandbars were sharks can become trapped during low-tide.

    In deeper areas, like spots with steep drop-offs, sharks congregate because creatures they feed on also congregate there.

    Shark attacks in the US

    Humans are causing more shark attacks to occur

    The number of shark attacks is increasing each year as more sunbathers head to the beach.

    Coastal development, tourism, and pollution are all partly to blame for an increase in shark attacks in recent years, as humans continue to interfere with sharks' habitats.

    Researchers at Bond University in Queensland, Australia found in 2016 that human interference with sharks' habitat and the rise in climate change are causing more shark attacks worldwide, according to The Independent

    The destruction of their habitat has forced sharks closer to land, thus closer to humans, the researchers said.

    "Coastal development and infrastructure can have major environmental implications on the distribution of sharks, and this can flow on to the number of unprovoked shark bites," they said in their research.

    Their research found that 84% of attacks occur in just six territories: the US, South Africa, Australia, Brazil, the Bahamas, and Reunion island.

    But the shark population is ultimately in decline because of over-fishing — approximately 100 million sharks are killed every year by fisheries.

    Shark attacks around the world

    Made with Flourish

     

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    NOW WATCH: What happens when you hold in your pee for too long


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    FILE PHOTO: Director of National Intelligence (DNI) Dan Coats attends a Cabinet meeting at the White House in Washington, U.S., July 18, 2018. REUTERS/Leah Millis/File Photo

    • Dan Coats, the Director of National Intelligence, said in a statement Saturday that he did not intend to be disrespectful when he expressed surprise over a second summit with Russian President Vladimir Putin.
    • Coats had learned of the news on Thursday in the middle of a live interview, and responded, "OK. That's gonna be special."
    • Coats said Saturday his response was "admittedly awkward" and "was in now way meant to be disrespectful or criticize the actions of the president."

    The top US intelligence official said Saturday he meant no disrespect to President Donald Trump in a televised interview discussing the summit with Vladimir Putin in Helsinki.

    Director of National Intelligence Dan Coats said in a statement that his Thursday comments at the Aspen Security Forum in Colorado were not intended to be critical of the president's handling of the summit.

    Coats had learned mid-interview that talks were underway for Putin to visit the White House this fall at Trump's invitation, and didn't conceal his surprise.

    "Say that again," Coats said when MSNBC's Andrea Mitchell informed him of the breaking news.

    "OK. That's gonna be special," he said.

    Coats had already been under scrutiny since he said he wished Trump had not met one-on-one with the Russian leader and expressed dismay that the president had publicly undermined US intelligence agencies.

    "My admittedly awkward response was in no way meant to be disrespectful or criticize the actions of the president," Coats said in his statement.

    SEE ALSO: 'Sleepless, sick, and terrified': Heartbreaking testimony from immigrant children describe their experiences in border facilities

    DON'T MISS: Trump's family separation crisis has reportedly cost tens of millions of dollars and taken funds away from health programs

    Join the conversation about this story »

    NOW WATCH: I tried the newest BlackBerry phone for a week


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    kawhi leonard

    The 2011 NBA Draft has proven to be one of the deepest classes in recent memory.

    The class was highlighted by No. 1 pick Kyrie Irving, but perhaps most interesting is how many stars have developed from picks all over the class.

    Klay Thompson was picked 11th, Kawhi Leonard was picked 15th, Jimmy Butler was picked 30th. Even Isaiah Thomas was picked 60th, the last pick of the draft!

    Over time, the class has evolved into one of the deepest and most star-studded in NBA history. Here's where the picks are today.

    The Cavaliers took Kyrie Irving with the No. 1 pick.



    Irving spent six years with the Cavs, helping them win the 2016 championship with an epic step-back three-pointer. In 2017, he requested a trade and landed with the Boston Celtics, where he can be the No. 1 option.



    The Minnesota Timberwolves took Derrick Williams with the second pick.



    See the rest of the story at Business Insider

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    provider swtiching UKThis 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.

    Mortgages are valuable for retail banks, but they're also complex products. In the UK alone, mortgages account for almost 60% of retail banks' profits. But mortgage lending can be a complicated process — it involves estate agents, appraisers, and conveyance agents.

    This complexity has resulted in major consumer pain points, like a lack of understanding of mortgages, inconvenient access channels, and difficulty switching providers. In an increasingly digital landscape, tech-savvy consumers are starting to demand simpler ways to take out mortgages, and legacy providers are suffering. In the US, the top three incumbent lenders together captured about 45% of the overall mortgage market in 2011; they hold just 24% in 2017.

    But a new class of mortgage-focused startups have developed a range of business models to help incumbents update this valuable product for the digital age. Their strategies vary between geographies: In countries like the US and UK, where homeownership is culturally important, they help incumbents keep consumers interested in taking out home loans.

    Meanwhile, in countries like Germany and Switzerland, where people prefer renting, they help incumbents attract new mortgage customers. Some incumbents are already partnering with these players, while others have opted to launch in-house initiatives. Each strategy has its pros and cons, but incumbents must adopt an approach to avoid losing relevancy and market share.

    There are still some fundamental problems in the insurance market that present obstacles to innovation — for both startups and incumbents. But there are ways to overcome them while making mortgages more attractive for consumers and improving returns for lenders.

    In a new report, Business Insider Intelligence looks at the fundamental problems dogging the current mortgage process and examines why these flaws are becoming impossible for incumbent mortgage providers to ignore. It also outlines the types of fintechs stepping in to drive innovation in the mortgage space, some current efforts by incumbent banks, and hurdles still standing in the way of large-scale change in the mortgage industry, as well as what can be done about them.

    Here are some of the key takeaways from the report: 

    • Mortgages are among retail banks' most profitable products, but these lenders have been slow to adapt mortgages to a digital economy. This has created pain points in the customer journey, like inconvenient access channels, and difficulty switching providers.
    • Ignoring these pain points is no longer an option for incumbents. The rise of alternative, digital-only mortgage firms is putting them under increasing pressure to make mortgages more attractive.
    • Fintech startups have detected an opportunity in incumbents’ slowness to innovate, and have developed several strategies to help them, like broadening their distribution channels, improving customer relationships, providing attractive front-ends, and making their back-ends more efficient.
    • Some incumbents have instead chosen to innovate their mortgage processes in-house. There are pros and cons to both strategies, which incumbents should weigh in order to add the most value for customers and their own businesses. 

    In full, the report:

    • Examines the flaws in the mortgage status quo that are upsetting consumers and dampening returns for lenders.
    • Discusses why incumbent lenders can't afford to delay innovating any longer around this product.
    • Outlines different ways mortgage fintechs are breathing new life into this product, including by helping incumbents.
    • Looks at some mortgage efforts already underway by incumbent lenders, and some considerations that should guide their projects.
    • Gives an overview of hurdles still standing in the way of large-scale change in the mortgage space, and how they can be overcome.

    Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

    This report and more than 250 other expertly researched reports
    Access to all future reports and daily newsletters
    Forecasts of new and emerging technologies in your industry
    And more!
    Learn More

    Purchase & download the full report from our research store

     

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    trader joe's silver lake

    • A gunman opened fire outside a Los Angeles-area Trader Joe's, then barricaded himself inside, police said.
    • The Los Angeles Police Department said there was an "active incident" at the Silver Lake Trader Joe's.
    • Authorities told news outlets they believe the man first shot his grandmother and girlfriend, then opened fire on police during a pursuit, before crashing his car outside the Trader Joe's

    A gunman opened fire outside a Los Angeles-area Trader Joe's supermarket on Saturday and barricaded himself inside, police said.

    Authorities said they believe the man first shot his grandmother and girlfriend, then opened fire on police officers during a pursuit, then crashed his car outside the Trader Joe's, and ran inside.

    Asst. Chief Robert Arcos of the Los Angeles Police Department told the Los Angeles Times that the gunman is barricaded in the store and that at least some bystanders are also inside, though the newspaper cited another source that said the gunman and the bystanders were in separate parts of the building.

    Officer Mike Lopez, a police spokesman, told the Associated Press the man had fled from the scene after the Saturday afternoon shooting in South Los Angeles.

    He added that officers tried to pull the man over and were led on a pursuit. Lopez says the suspect shot multiple rounds at officers during the chase but no officers were struck. At least one officer returned fire, he added.

    The Los Angeles Police Department tweeted there was an "active incident" at a Trader Joe's in the Silver Lake area, roughly five miles east of Hollywood.

    President Donald Trump tweeted Saturday evening that he was watching the situation "very closely," and that the LAPD was working alongside federal law-enforcement officials.

    The Associated Press contributed reporting.

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    eric garner

    • The NYPD filed departmental charges against officer Daniel Pantaleo, local media outlets reported Saturday.
    • A case against his supervising NYPD sergeant, Sgt Kizzy Adonis, is still pending.
    • The charges come four years after 43-year-old Garner's July 2014 death, which sparked protests about police treatment of black people.

    The New York Police Department reportedly filed formal departmental charges against an officer who placed Staten Island man Eric Garner in a fatal chokehold.

    The NYPD charged officer Daniel Pantaleo with violating department regulations, WABC reported Saturday.

    A case against his supervising NYPD sergeant, Sgt Kizzy Adonis, is still pending.

    The charges come four years after 43-year-old Garner's July 2014 death, which sparked protests about police treatment of black people.

    Garner's dying words, "I can't breathe"— which he repeated 11 times during the arrest — became a rallying cry for the police reform movement.

    Police officers had been attempting to arrest the Staten Island man on suspicion that he was illegally selling loose cigarettes.

    Pantaleo is seen on video taking Garner down in a chokehold, a move that is banned under NYPD policy but one the officer's lawyer says was taught by the police department, according to the Associated Press.

    A medical examiner said Garner's cause of death was a chokehold and ruled it a homicide.

    Pantaleo is not currently facing criminal charges and therefore will not be arraigned following Friday's departmental charge and will not make any court appearances. The Civilian Complaint Review Board will hear and prosecute the case.

    An NYPD official told CNN that disciplinary hearings for Pantaleo will likely take place in early 2019.

    A New York State grand jury previously declined to indict Pantaleo, which prompted the Justice Department under the Obama administration to launch its own investigation, which is still ongoing.

    The NYPD was waiting to see if the federal government would bring charges against officers before moving forward with its own.

    But New York officials sent a letter to the Justice Department on Monday saying it could no longer halt internal disciplinary proceedings for the federal government.

    It gave the Justice Department until August 31 to announce if it would file criminal charges before moving forward, according to NBC News.

    Following a wrongful death lawsuit, the City of New York reached a $5.9 milling settlement with the Garner family in 2015.

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    Hillary Clinton at OZY Fest in Manhattan's Central Park.

    • Hillary Clinton described President Donald Trump's recent summit with Russian President Vladimir Putin as "alarming on many, many levels." 
    • Clinton headlined OZY Fest, a weekend of entertainment and politics, in New York City's Central Park on Saturday. 
    • An eclectic line-up of mostly Democratic politicians, pop artists, and Hollywood celebrity-activists, including actress Rose McGowen, New York gubernatorial candidate Cynthia Nixon, and model Naomi Campbell, catered to a largely millennial audience. 

    Hillary Clinton on Saturday described President Donald Trump's recent summit with Russian President Vladimir Putin "alarming on many, many levels" and called the secrecy surrounding the president's one-on-one meeting with the Russian leader "deeply disturbing" during her appearance at a New York City festival on Saturday.  

    Clinton questioned the president's motives when he failed to defend the US intelligence community and blamed the US for poor relations with Russia while standing beside Putin at a press conference in Helsinki earlier this month.

    "The great mystery is why this president has not spoken up for our country, and we saw this most clearly in this recent meeting with Putin," Clinton said during a talk with billionaire businesswoman Laurene Powell Jobs.

    The former secretary of state said that when she and others, including President Barack Obama, met with Putin, they always had note-takers present to ensure "there's no mistake about what was said." The only person in the room with Trump and Putin was a translator. 

    "This idea that somehow we are not sure where our own president stands is deeply disturbing," she said, calling Russian interference in the 2016 election a "direct attack on our democracy." 

    Clinton added that "we still do not know" what happened in the meeting between the two world leaders and that Putin's account of their conversation hasn't been challenged by the Trump administration. 

    "Putin is basically telling the world what was decided," Clinton said. "And we're hearing crickets from the White House. Nothing is being put out that is in any way contradictory or replacing the Putin agenda with whatever Trump was doing." 

    Trump's performance in Helsinki was met with bipartisan condemnation, and even provoked some of his staunchest supporters in conservative media to demand the president correct his statements.

    Director of National Intelligence Dan Coats criticized Trump's comments, revealed that he wished Trump had not met alone with Putin and was not aware of the president's plans to invite the Russian leader to Washington this fall, and called Russia's efforts to interfere in the 2016 election "undeniable" during an appearance in Aspen on Thursday

    OZY Fest's identity crisis

    Actress Rose McGowan speaks at OZY Fest.

    Clinton's talk took place amid a day of politics and music at OZY Fest, a self-described "part music festival, part TED Talk, part food fair" in Central Park, with an eclectic line-up of mostly Democratic politicians, pop musicians, Hollywood celebrity-activists, and intellectuals.

    The third-annual event, put on by the five-year-old digital daily news magazine OZY, has faced ridicule for its apparent identity crisis. 

    One critic called this year's event "a weird hot Dada mess of Hillary's Shadow Government throwing a party at the park." 

    Others describe it as New York's answer to Austin's South by Southwest.

    "In years past, people who purchased a ticket to see Jason Derulo have been totally wowed by Jeb Bush," festival founder and former MSNBC host Carlos Watson told The Daily News

    Ana Kasparian, a left-leaning political pundit and host of the online news outlet the Young Turks who flew in from Los Angeles to moderate two panels at the festival, called the festival concept "awesome." 

    On Saturday, Kasparian moderated a discussion between Grover Norquist, the conservative anti-tax activist, and South Carolina Republican Rep. Mark Sanford, who lost his primary to a right-wing challenger last month. 

    "I like that the discussions don't have this bloodsport feel to them," she told Business Insider. 

    Indeed, Sanford — the former governor of South Carolina and a staunch conservative — encouraged the crowd the keep up the anti-Trump "Resistance." 

    "Make noise — it's the squeaky wheels that get grease in politics," he said. 

    After criticizing Trump's approach to international trade, Norquist also made an attempt to appeal to the millennial crowd. "Come to Burning Man this year!" he called out at the end of the panel. (Sanford and Norquist are two of just four Republicans in the festival's lineup). 

    An interactive board at OZY Fest.

    Later on Saturday, Democratic National Committee chairman Tom Perez, interviewed by CNN's Dana Bash, delivered an optimistic prediction of Democratic success in 2018. Perez declined to estimate the number of seats he thinks Democrats will pick up in the House and Senate this fall, but insisted it would exceed the 23 additional House seats and two additional Senate seats the party needs to win control of both chambers.

    Perez called out Texas Democratic Rep. Beto O'Rourke, who's mounting a longshot challenge to unseat Sen. Ted Cruz, and added that Mississippi's Senate race could be important for Democrats. 

    "Ted Cruz has 100% name recognition and that's precisely his problem because to know him is to not like him," Perez said. 

    The Sunday line-up includes Sen. Kirsten Gillibrand, comedians Chelsea Handler and Michelle Wolf, GOP consultant Karl Rove, and Passion Pit. 

    SEE ALSO: Trump's staunchest media allies are facing their biggest test yet — and some of them are finally abandoning him

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    smart home voice assistant benefits

    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.

    Generation Z, also known as iGen or Centennials, is arguably the most pivotal generation to the future of retail. By 2026, the majority of Gen Zers will reach adulthood, and their spending power will reach new heights. Retailers and brands need to start establishing relationships with Gen Zers now to ensure success in the years to come. 

    But Gen Zers, who we define as those born between 1996 and 2010, are different from older generations, and understanding their characteristics and preferences is essential to capturing their attention — and their dollars. Though members of older generations have grown accustomed to using the internet, Gen Zers are the first consumers to have grown up wholly in the digital era. They're tech-savvy, heavy internet users, and mobile-first — and, most importantly, they have high standards for how they spend their time online. Retailers and brands — which have spent more than a decade trying to catch up to millennials' interests and habits after ignoring them and the digital revolution for too long — must leverage Gen Z's tendency to be online at all times, and make sure to meet the generation's heightened digital expectations.

    In a new report, Business Insider Intelligence explores Gen Z's current shopping habits — both online and in-store — and how those habits might evolve over time. It looks at their spending power, both now and in the years to come, and the drivers that lead them to complete a purchase. It also assesses Gen Zers' unique traits, and the ways that retailers and brands can leverage those characteristics to make them loyal customers.

    Here are some key takeaways from the report:

    • Gen Zers are young and only beginning to flex their muscles as consumers, but they're already an extremely valuable generation to retailers and brands. They hold billions in spending power right now, which will skyrocket as they get older.
    • Gen Z currently likes shopping at physical stores, but retailers will need to capitalize on Gen Zers’ interests in retail innovations and their digital expertise to keep them coming back through adulthood.
    • These young consumers have higher expectations for their online shopping experiences than any generation before them. Most won’t use slow-loading websites and apps, or hard-to-navigate ones.
    • Quality is more likely to be a driver of loyalty for Gen Z, and it also provides motivation to complete a purchase. A retailer or brand trying to connect with Gen Z should look to curate an image of quality in a way that resonates with the young generation.

    In full, the report:

    • Explores the current and future spending power of Gen Z. 
    • Examines Gen Zers' interest in brick-and-mortar shopping, and identifies how retailers and brands can capitalize on it.
    • Provides insight into the generation's digital expectations, and analyzes what they mean for selling to Gen Zers online.
    • Discusses the influence of quality and social media on Gen Z's purchase behavior, and considers potential courses of action for retailers and brands.

    Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

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