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The latest news from Business Insider
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    Business Insider's Linette Lopez asked famed short seller Jim Chanos about his ongoing Tesla short, and he shared "the biggest whopper" the company's CEO, Elon Musk has told the market.

    "...he said that truck will be out in 2019," Chanos said. "And if that's the case, those production lines have to be up now. That factory has to be up now. And where is that? I mean, what factory line is going to be making a truck in 2019 and a roadster sports car that he unveiled in 2020? You can't simply say things like that without having some evidence to back them up. You're a public company's CEO."

    Following is a transcript of the video.

    Linette Lopez: Back to your 20s, back then your nemesis was a CEO named Morley Thompson, the CEO of Baldwin Piano. That was your first big short. Now it seems like you've set your sights on another CEO. His name is Elon Musk. He's got this little company called Tesla.

    Jim Chanos: I've heard of it.

    Lopez: Yeah, what's wrong with Tesla?

    Chanos: Well, I mean, first of all, Morley Thompson who ran Baldwin United had to be the greatest salesman of all time. He started out selling pianos door-to-door.

    Lopez: That sounds difficult.

    Chanos: And anybody that can do that and then rise to CEO, you know, had to be able to sell pretty much anything. And that I think is Elon's greatest quality. He's a pretty good salesman. He's always pitching the next great idea. The problem is, is that the execution of the current ideas is falling short. And that's where I think it's problematic. And on top of that, I think — increasingly — he's making promises that he knows he cannot keep. And I think that's a much more ominous turn.

    Lopez: What is the most recent promise that he's made that he can't keep?

    Chanos: Well, I think the biggest whopper that I've seen — and we have a spreadsheet of Elon's whoppers — along with a longer spreadsheet of all the executive departures at Tesla. But I think the latest one that kind of stunned me was when he unveiled the semitruck — EV.

    Lopez: But he hasn't really even given us a regular car. The $30,000 car that he promised everyone.

    Chanos: Well, forgetting that, he said that truck will be out in 2019. And if that's the case, those production lines have to be up now. That factory has to be up now. And where is that? I mean, what factory line is going to be making a truck in 2019 and a roadster sports car that he unveiled in 2020? You can't simply say things like that without having some evidence to back them up. You're a public company's CEO. And, you know, I'd want some clarification on where exactly this truck is going to be built to be out in 2019. But, you know, he's missed production estimate after production estimate. He thought there'd be 10,000 Model 3s a week by the end of '17.

    Lopez: Isn't it 5,000?

    Chanos: Now it's 5,000, by June. I think even worse is that people have thought they were getting a car for what amounted to $27,500 — the $35,000 base plus the federal tax credit. Now they're realizing that the federal tax credit's going to, basically, be over by this year. And every manufacturer has a limit.

    Lopez: So then it's a $60,000 car?

    Chanos: Well, the Model 3s he's delivering now are $50,000 base pretty much. And with delivery charges and sales tax they're probably closer to $55,000. So they're almost twice what he promised people. And the car for $55,000 is not a particularly great car in our view. It might be for $27,500. But it competes against basically luxury cars at $55,000. And that's a pretty competitive area and going to get more competitive.

    Join the conversation about this story »

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

    In the US, the in-store mobile wallet space is becoming increasingly crowded. Most customers have an option provided by their smartphone vendor, like Apple, Android, or Samsung Pay. But those are often supplemented by a myriad of options from other players, ranging from tech firms like PayPal, to banks and card issuers, to major retailers and restaurants.

    With that proliferation of options, one would expect to see a surge in adoption. But that’s not the case — though BI Intelligence projects that US in-store mobile payments volume will quintuple in the next five years, usage is consistently lagging below expectations, with estimates for 2019 falling far below what we expected just two years ago. 

    As such, despite promising factors driving gains, including the normalization of NFC technology and improved incentive programs to encourage adoption and engagement, it’s important for wallet providers and groups trying to break into the space to address the problems still holding mobile wallets back. These issues include customer satisfaction with current payment methods, limited repeat purchasing, and consumer confusion stemming from fragmentation. But several wallets, like Apple Pay, Starbucks’ app, and Samsung Pay, are outperforming their peers, and by delving into why, firms can begin to develop best practices and see better results.

    A new report from BI Intelligence addresses how in-store mobile payments volume will grow through 2021, why that’s below past expectations, and what successful cases can teach other players in the space. It also issues actionable recommendations that various providers can take to improve their performance and better compete.

    Here are some of the key takeaways:

    • US in-store mobile payments will advance steadily at a 40% compound annual growth rate (CAGR) to hit $128 billion in 2021. That’s suppressed by major headwinds, though — this is the second year running that BI Intelligence has halved its projected growth rate.
    • To power ahead, US wallets should look at pockets of success. Banks, merchants, and tech providers could each benefit from implementing strategies that have worked for early leaders, including eliminating fragmentation, improving the purchase journey, and building repeat purchasing.
    • Building multiple layers of value is key to getting ahead. Adding value to the user experience and making wallets as simple and frictionless as possible are critical to encouraging adoption and keeping consumers engaged. 

    In full, the report:

    • Sizes the US in-store mobile payments market and examines growth drivers.
    • Analyzes headwinds that have suppressed adoption.
    • Identifies three strategic changes providers can make to improve their results.
    • Evaluates pockets of success in the market.
    • Provides actionable insights that providers can implement to improve results.

    Interested in getting the full report? Here are two ways to access it:

    1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND more than 250 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> Learn More Now
    2. Purchase and download the report from our research store. >> Purchase & Download Now

    Join the conversation about this story »

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    Fergie Allen Berezovsky Getty

    • Fergie gave a unique rendition of the National Anthem at the NBA All-Star game on Sunday.
    • It instantly went viral in part because of the reactions by the players and Jimmy Kimmel, who were all caught on-camera holding back laughs and smiles.
    • Kimmel explained why he was smiling during the song on "Jimmy Kimmel Live" Tuesday.

    To kick off Sunday's NBA All-Star Game, singer Fergie had the honor of singing the National Anthem. But her unique rendition didn't go the way she planned, and it instantly went viral.

    A big reason for it becoming an internet sensation was because of the reaction of the players and Jimmy Kimmel, who were all caught holding back smiles and laughs while Fergie belted out a sensual rendition of the anthem.

    Jimmy Kimmel Nation Anthem NBA All Star ABCOn Tuesday's "Jimmy Kimmel Live," the late-night host explained why he was smiling during what he described as, an "unusually sultry" version of the song.

    "The reason I was smiling is because I love the National Anthem so much," he jokingly told his audience. "That’s the face I make."

    Kimmel went on to say, "I didn’t realize I was on camera, then my phone started buzzing and texting."

    Fergie has released a statement saying, "I've always been honored and proud to perform the National Anthem and last night I wanted to try something special for the NBA. I'm a risk taker artistically, but clearly this rendition didn't strike the intended tone. I love this country and honestly tried my best."

    "Here’s the thing about taking risks," said Kimmel Tuesday night, who noted that the singer didn't intentionally try to ruin the song. "When it comes to the National Anthem — don’t. Don’t take risks when you’re doing brain surgery, don’t take risks when you’re driving a school bus or singing the National Anthem. Just regular is fine."

    Kimmel added, however: "In Fergie’s defense, we don’t know what Francis Scott Key was thinking when he wrote 'The Star-Spangled Banner,' maybe he wanted it to be sexy."

    Here's Kimmel talking about being part Fergie's viral moment:

    SEE ALSO: The 25 best supervillains of all time, ranked

    Join the conversation about this story »

    NOW WATCH: You can connect all 9 Best Picture Oscar nominees with actors they have in common — here's how

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    Tim Cook

    • Apple CEO Tim Cook doesn't like that public companies need to report earnings on a quarterly basis. 
    • Instead, he prefers to focus on customer feedback to judge success. 
    • He says he's only had good years while he was leading Apple going back to 2003. 

    Under CEO Tim Cook's watch, Apple has sold hundreds of millions of iPhones, booked hundreds of billions of dollars in profit, and launched new products like AirPods and Apple Watch.

    In fact, Cook says, he's never had a bad year as CEO of Apple.

    "I’ve only had good years. No, seriously," he said in an interview with Fast Company

    "Even when we were idling from a revenue point of view – it was like $6 billion every year – those were some incredibly good years because you could begin to feel the pipeline getting better, and you could see it internally. Externally, people couldn’t see that," he continued. 

    The last time Apple reported around $6 billion in revenue was in 2003, when Cook was COO, which was also the last time the company reported a down quarter until 2016. In the December quarter, Apple posted $88.3 billion in sales and $20.1 billion in profit. 

    But Cook said he doesn't focus on quarterly results, and that they have little to no effect on Apple. 

    "Stock price is a result, not an achievement by itself. For me, it’s about products and people," Cook said. "Did we make the best product, and did we enrich people’s lives?"

    'If I were king for a day' 

    Tim CookOne reason that Cook doesn't like measuring Apple's success by sales and profit is because he believes that the 90-day quarterly public company earnings calendar is a "negative."

    "Why would you ever measure a business on 90 days when its investments are long term?" Cook asked in the interview. 

    "If I were king for a day, that whole thing would change. But when I really get down to it, here, it affects a few of us because we have to do a quarterly call and so forth, but does it affect the company? No," he continued. 

    Instead, he says, he focuses on Apple's customers and how they're liking products like the iPhone or MacBook. He said he reads several user comments or criticisms per day, and calls Apple customers "jewels."

    Cook's emphasis on customers as stakeholders reflects a growing trend in public corporate management: a move away from the short-term profit focus started by activist shareholders in the 1980s, and towards a better understanding of all stakeholders beyond the company's shareholders.

    What Cook said in the Fast Company interview sounds a lot like a letter sent by BlackRock CEO Larry Fink earlier this year.

    "Society is demanding that companies, both public and private, serve a social purpose," Fink wrote in an open letter to corporate CEOs. "To prosper over time, every company must not only deliver financial peperformance, but also show how it makes a positive contribution to society. Companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate."

    Still, Apple has been spending billions in recent years on share buybacks and dividends, keeping its shareholders happy, with another dividend increase on the horizon after a recent tax benefit. Turns out, it's a lot easier to put other stakeholders first when you've never had a bad year.

    The entire interview with Tim Cook is worth reading for Apple investors and watchers

    SEE ALSO: It's time for better capitalism

    Join the conversation about this story »

    NOW WATCH: How Silicon Valley's sexist 'bro culture' affects everyone — and how to fix it

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    MIT student

    • In early 2018, Amazon unveiled a list of 20 finalist cities for its second headquarters, HQ2.
    • The company listed a highly educated workforce as an important factor in its decision.
    • The Brookings Institution conducted a study that analyzes which HQ2 finalist cities have the most educated millennials.
    • Boston, Massachusetts; Washington, DC; and New York, New York ranked highest in the study.

    In January, Amazon narrowed down its top 20 picks for the future home of its second headquarters, called HQ2. The $5 billion campus will generate 50,000 jobs over the next two decades, according to the company.

    In its RFP, Amazon outlined several requirements for prospective cities. These include a population of over 1 million, access to mass transit, proximity to an international airport, up to 8 million square feet of vacant space, economic incentives, and a highly educated labor force.

    "A highly educated labor pool is critical and a strong university system is required," the RFP reads, adding that the location should have "the potential to attract and retain strong technical talent."

    A new study from the Brookings Institution looks at which of Amazon's top 20 cities surpass that criteria. Analyzing the 100 largest metros, the researchers found the locations with the highest percentages of college graduates ages 25 to 34 in 2015.

    Just five HQ2 finalists — where over 45% of millennials graduated college — made Brookings' top 10. They are Boston, Massachusetts (58%); Washington, DC (54%); New York City (47%); Raleigh, North Carolina (47%); and Denver, Colorado (46%). 

    The Boston area, which ranked first on millennial education, is home to dozens of schools, including Harvard University, Massachusetts Institute of Technology, and Northeastern University. Washington,DC also has several prestigious institutions, like Georgetown University, George Washington University, American University, and Howard University.

    Overall, Amazon chose 11 locations with the best-educated millennials in the country, according to the study. The potential HQ2 locales with the lowest millennial college graduate percentages were Los Angeles, California; Dallas, Texas; and Miami, Florida, which all have average college-education levels in the 32% to 35% range.

    There's reason to believe that education will be a big factor in Amazon's decision. Amazon mentioned education three times as a "key preference and decision driver" in its request for bids. The company also asked cities to include a list of partnerships with higher-education institutions; a list of nearby universities offering computer science degrees; and the number of students graduating with those degrees over the last three years.

    The company estimates that the annual salaries for those 50,000 jobs at HQ2 will average more than $100,000, which means that it will probably hire employees with a high educational level.

    The San Francisco Bay Area remains the top spot for STEM jobs in the US, but that growth could be slowing and moving to other regions. From 2006 to 2016, Silicon Valley saw a 33% growth in tech jobs, or around 3% per year. But as The San Jose Mercury notes, that annual rate has declined to 2% in the past two years.

    None of the applications for HQ2 in the Bay Area were selected as finalists.

    "Clearly, the Amazon finalists are skewed toward places with very high concentrations of college graduate millennials," the Brookings researchers write. "However, other such places were passed over, presumably in the quest for different qualities."

    SEE ALSO: Photos show how Seattle’s favorite businesses vanished after Amazon showed up — and it could be an omen for the HQ2 city

    Join the conversation about this story »

    NOW WATCH: Why dog breeds look so different but cats don't

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    Kate Middleton and Meghan Markle

    • Kate Middleton and Meghan Markle are both fashion icons, and almost everything they wear immediately sells out online.
    • Middleton tends to have a more traditional sense of style, while Markle's clothes are more trendy. 
    • Some of their favorite brands include Line The Label, Stella McCartney, and Jenny Packham.

    When Kate Middleton or Meghan Markle wear something, it sells out almost immediately. 

    The so-called "Kate Effect" and "Meghan Effect" have had drastic effects on the brands they wear, launching them into popularity and immediately selling out styles online. Middleton's and Markle's stardom also contributes significantly to the British economy, with Brand Finance estimating that Markle's joining the royal family this year could bring an $677 million (£500 million) boost in the form of tourism, parties, and memorabilia sales, Forbes reported. Middleton's fashion-icon status contributed an estimated $205 million to the economy in 2015.

    While Middleton opts for a more traditional wardrobe, Markle tends to be more trendy in her choices, though they both wear a mix of over-the-top expensive and surprisingly affordable clothes

    Keep scrolling to see some of the brands that Middleton and Markle love:

    SEE ALSO: Meghan Markle just proved her dominance over Kate Middleton, to the tune of $677 million

    Line The Label

    Markle wore this $750 white coat from Canadian brand Line The Label, which sold out and crashed the brand's website minutes after photos of her wearing it were released.  The label's president has decided to rename the coat "The Meghan" in her honor. The P.A.R.O.S.H. dress and Aquazzara shoes she wore also sold out and were renamed almost immediately.

    Victoria Beckham

    After Markle wore this sweater from the Victoria Beckham collection, which is available at Nordstrom, it sold out nearly immediately online.


    This Strathberry bag sold out onlineseconds after Markle was seen carrying it. It has since been renamed "The Meghan."

    See the rest of the story at Business Insider

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    streaming media market share

    This story was delivered to BI Intelligence "Digital Media Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here.

    Amazon plans to offer ad-supported streaming services through its Amazon Channels program in the US starting later in 2018, Digiday reports.

    Amazon Channels allows users to subscribe to and view various OTT networks, but the service is currently focused on offering ad-free services like HBO and Showtime. Users can watch Amazon Channels on Prime Video devices, such as the Amazon Fire TV, which accounted for 24% of the streaming device market share in Q1 2017.

    Amazon Channels has proven to significantly help OTT services onboard subscribers in the past — it accounted for 40% of subscribers for NBCUniversal’s now defunct streaming service Seeso in May 2017, for example.

    Opening Amazon Channels to ad-supported OTT services will give companies like Hulu, which offers a $7.99 package with limited commercials, a better shot at monetizing their content. Moreover, the move to open Amazon Channels to ad-supported services will come at a time when a growing number of TV networks are launching such services in response to the growth of cord cutting. CBS Corp., the parent company of the most-watched US TV network, plans to launch a free ad-supported sports streaming service later this month, for example.

    To receive stories like this one directly to your inbox every morning, sign up for the Digital Media Briefing newsletter. Click here to learn more about how you can gain risk-free access today.

    Join the conversation about this story »

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    • Shares of Walmart lost 10% Tuesday after posting disappointing online sales growth.
    • E-commerce growth slowed to about half what it had been the previous quarter.
    • The results triggered a slew of downgrades from Wall Street analysts. 

    Walmart saw its worst day on Wall Street in more than 30 years Tuesday after reporting earnings that fell short of expectations and spooked investors.

    Shares lost more than 10% in trading, resulting in a $31.6 billion decline in market cap, after e-commerce sales growth slowed to 23% — down from 50% in the previous quarter.

    "The majority of this slowdown was expected as we fully lapped the Jet acquisition as well as creating a healthier long-term foundation for holiday,” CEO Doug McMillan said in a press release. "A smaller portion of the slowdown was unexpected, as we experienced some operational challenges that negatively impacted growth."

    The results triggered a number of downgrades across Wall Street, as analysts grappled with the slowdown and lowered guidance for 2018.

    "It is difficult to ignore the magnitude of the slowdown in e-commerce," RBC analyst Scot Ciccarelli said in a note. “Management expects the growth rate to ramp back up to the 40%+ range after 1Q, but we suspect this target will be met with more skepticism following 4Q17 results than when it was first laid out to investors several months ago.”

    Walmart has been beefing up efforts to compete with Amazon — which entered the grocery game with its $13.7 billion buyout of Whole Foods last year — through steep discounts on its platform, curbside pickup, and a partnership with Google to compete with Amazon’s Alexa-powered devices.

    Company executives downplayed the e-commerce slowdown, pointing instead to unplanned expenditures.

    "During the quarter, we had additional EPS headwind related to some smaller unplanned items and expenses we incurred as we pulled forward initiatives in order to take advantage of a higher tax deduction," CFO Brett Biggs said through a spokesperson

    Walmart still has some bulls on its side, though. 

    “There were some opportunities to better manage the business in Q4, but management is still making good long-term decisions about its asset base, capital allocation, price investment and building capabilities that allow it to offer more options to customers, reduce friction and build a bigger e-commerce business – this has not changed,” Jefferies analyst Daniel Binder said in a note to clients Tuesday.

    "It sounds like this end of the investment cycle is more about maintaining momentum and advancing its lead rather than playing catch-up,"

    Binder’s $119 price target is well above the Wall Street consensus of $106 for the stock — and 21% above the stock’s closing price Tuesday.

    Shares of Walmart are up 33% in the past year. 

    SEE ALSO: Walmart tumbles after online sales growth slows

    Join the conversation about this story »

    NOW WATCH: Microsoft President Brad Smith says the US shouldn't get 'too isolationist'

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    • YouTube promoted a conspiracy theory video that claims one of the Florida school shooting survivors is a paid actor.
    • The video was first in the site's list of trending videos Wednesday morning.
    • YouTube continues to struggle with people gaming the site to promote fake news.

    A video that claims to show evidence that one of the survivors of the school shooting in Florida last week is a paid actor was promoted by YouTube as the top video in the site's trending section on Wednesday.

    youtube trending florida shooting conspiracy

    The video shows a local news clip featuring David Hogg, one of the shooting survivors who has made several news appearances over the last few days calling for gun control. The segment comes from a CBS Los Angeles local newscast from last summer that shows Hogg telling a reporter how he got into an argument with a lifeguard. Conspiracy theorists say the clip is proof that Hogg shows up in media appearances as a paid actor.

    Searching for Hogg's name on YouTube brings up a large number of conspiracy videos as the top results too.

    david hogg youtube search results conspiracy theories

    Hogg has become a central figure in a the far-right's effort to discredit the survivors of last week's shooting as they call for tighter gun control laws.

    YouTube has failed to weed out fake news and conspiracy theories from its trending sections, search results, and other corners of the site that are promoted through algorithms in the wake of several major news events over the last several months. It happened with the mass shooting in Las Vegas last fall. It happened with the Amtrak crash involving Republican members of Congress. It happened too many times to count.

    YouTube has said it made changes to its search algorithms to make sure it promotes news videos from "trusted" sources. The company has also said it plans to hire thousands of human content moderators to make sure videos comply with its policies. So far, those efforts haven't solved the problem.

    It's possible the video squeaked by YouTube's algorithm because its title frames the clip as going "viral" as the far-right hoax spreads. That tactic has been used in the past to skirt YouTube's content moderation rules, like when several people reposted YouTube star Logan Paul's video that showed a suicide victim last month. But watching the video provides no further context. It's just the local news segment. The subtitle for the video is "DAVID HOGG THE ACTOR...."

    The video had more than 200,000 views Wednesday morning. A YouTube representative was not immediately available to comment.

    SEE ALSO: Insiders say Google never answered a key question about its Alphabet gamble and now it's coming back to haunt them

    Join the conversation about this story »

    NOW WATCH: We built Nintendo's next big thing, Nintendo Labo

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    Jazmine Fenlator Victorian Jamaica Bobseld 2018 Winter Olympics

    • Jazmine Fenlator-Victorian is an Olympic bobsled pilot.
    • In the Sochi Olympics, she represented the United States, but is now representing Jamaica.
    • She didn't get into bobsledding until after she graduated college.
    • She is striving to bring diversity and increased awareness to the sport.

    This isn't Jazmine Fenlator-Victorian's first Olympics, but this time, she's on a different team.

    Fenlator-Victorian's first Olympics was in 2014 in Sochi. She competed as part of the U.S. Olympic Bobsled team, but this year, in PyeongChang, she's representing Jamaica.

    Here's everything you need to know about Jazmine Fenlator-Victorian, and how she's breaking barriers in the sport of bobsled.

    Fenlator-Victorian switched from the US team to the Jamaican team in order to increase the level of diversity in bobsledding.

    In 2010, the Jamaica Bobsleigh Federation asked Fenlator-Victorian about competing on behalf of the country, but because she was already participating in a US bobsled development program, she refused the offer.

    Fast forward to 2015, Fenlator-Victorian switched teams, hoping that the move would help attract more females and those with diverse backgrounds to bobsledding.

    It's critical that "little girls and little boys see someone that looks like them, talks like them, has the same culture as them, has crazy, curly hair and wears a natural, has brown skin, included in different things in this world," Fenlator-Victorian said at the Winter Olympics press conference. "When you grow up and you don't see that, you feel that you can't do it. And that is not right."

    Jamaica's women's bobsled team pays homage to Usain Bolt and the first men's bobsled team the country sent to the Olympics.

    Thirty years ago, Jamaica sent the country's first men's bobsled team — which became the inspiration for the 1993 Disney Movie, "Cool Runnings" — to the 1988 Calgary Olympics.

    This year, the country sent an all-women's bobsled team for the first time. Their sled, "Mr. Cool Bolt," is named in honor of the movie,as well as the fastest man of all time, Usain Bolt.

    "It's important for us as a women's team to show people that women can do dangerous, speedy, strong, fast sports as well as," Fenlator-Victorian said. "It's important for us to show that Jamaica can do it."

    Fenlator-Victorian didn't get into bobsledding until after college.

    Fenlator-Victorian got involved in bobsled in 2007 after graduating from Rider University in Lawrenceville, New Jersey. Her former track and field coach recommended that she go to a bobsled camp.

    As a track and field athlete, she broke Rider University records in shot put, weight throw, and discus. She’s also in the Rider University Hall of Fame.

    She began as a brakeman for her a few years, due to her track and field background, but gradually made the switch to the pilot seat, where she is today.

    See the rest of the story at Business Insider

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    Nadia Fanchini

    Downhill skiing is outright insane.

    On Tuesday, the best and bravest athletes from around the world came together to compete in the Ladies' Downhill Skiing event at the 2018 Winter Olympics in Pyeongchang.

    The fastest sport on the mountain, downhill skiers fly between through gates at speeds reaching 80 miles per hour, attempting to find the bravest line down to the bottom to make it onto the podium.

    Of 39 entrants that left the starting gate on Tuesday, almost 20% of the them didn't make it to the end of their runs, whether due to crashes, missed gates, or any other number of problems that can arise when you're flying down a sheet of ice at speeds foreign to the average human experience.

    Below are just a few of the photos that show just how insane downhill skiing is in action.

    Michelle Gisin of Switzerland had the four stages of her fall during the downhill competition captured in sequence, starting with when she first lost control.

    From there comes contact with the ground, and the long slide to a stop — thankfully, her spill happened at the very end of her run, sending her through the finish line.

    Once still, she took a moment to get her bearings.

    See the rest of the story at Business Insider

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    amazon echo

    These days, it's hard to keep all the Amazon Echo devices straight.

    Amazon offers six Echo devices total, and they're available from $50 all the way up to $230. With so many different options and price points, it's hard to tell which device might be right for you. 

    So whether you're looking to buy your first Echo, upgrade to a new device, or add to your smart speaker collection, here is a comprehensive guide to Amazon's Echo family to help you find the device that's right for you:

    SEE ALSO: I spent a week wearing Bose's $350 noise-canceling headphones nonstop — and they're 100% worth their high price tag

    If you just want to dip a toe in the smart-speaker game: Echo Dot.

    The Echo Dot is Amazon's gateway smart speaker. It's tiny, easy to use, and only costs $50 (and it's often on sale for even less than that).

    The Dot can do many standard smart speaker tasks, like play music, make calls, order products from Amazon, and control your smart home devices. 

    But the Dot doesn't have a very powerful speaker, so it's not a great solution if you're just looking for a solid Bluetooth speaker.

    And while it can easily be a standalone device, it also works great when combined with a full-size Amazon Echo — you can have your Echo live in one room, and place Echo Dots in other rooms throughout your house. 

    If you want the device that does it all: Amazon Echo.

    The Echo is the first mainstream — and arguably most successful — smart speaker you can buy. The device launched in 2014, and has since helped Amazon dominate the smart-speaker game — as of September 2017, analysts estimated that Amazon owned 76% of the smart-home market

    Three years after launch, the Echo was due for an upgrade. So in September, Amazon revamped the original Echo, introducing a second-generation version with new finishes and a reduced price tag of $100

    The new Echo has dual speakers, so it's a good option for playing music. With the new device, Amazon introduced multi-room audio, so you can play music from several Echo devices at once across rooms. The new Echo also has a powerful built-in Alexa, so it can also make calls, check the weather and traffic, request an Uber, or turn down the heat.

    The original Echo does it all, and it's likely the best option for most people. 

    If you're ready to start a smart home: Amazon Echo Plus

    With more and more smart-home products coming online, it can be overwhelming to try to control them all. Enter the Amazon Echo Plus, which acts as a smart-home hub.

    The Echo Plus, as its name denotes, is taller than the standard Echo, and costs $50 more at $150. But it can do many of the same things, like play music, send messages, and give you a daily news briefing. 

    What sets the Plus apart is its ability to control other "smart" devices. You can say, "Alexa, discover my devices," and it will find anything else online, like smart light bulbs or locks, and set them up for you. Plus, you'll be able to give the device a single voice command to control multiple actions from multiple devices at once.  

    Other Echo devices control your smart home, too, but the Echo Plus lets you integrate everything into one place with no need to download any of the "skills" you'd need to operate those features on the standard Echo. 

    See the rest of the story at Business Insider

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    Black Panther

    • The "Black Panther" character Erik Killmonger is such a compelling villain that #KillmongerWasRight was trending on Twitter after the film's release.
    • Many Twitter users expressed sympathy with Killmonger's argument.


    Michael B. Jordan's turn as the "Black Panther" villain Erik Killmonger has earned praise from critics and fans alike as one of the most compelling supervillain performances in movie history since the film's release last week.

    What makes the plight of Killmonger so compelling for both critics and fans is the strength of his argument despite his violent methods. And the strength of Michael B. Jordan's sympathetic performance as the character is also a major factor, as Business Insider's Jason Guerrasio noted in his review of the film.

    Many fans of the film have thus taken to Twitter after seeing "Black Panther" to voice their agreement with Killmonger's argument against the seclusion of the film's fictional African nation Wakanda, which is rich with resources and the precious metal Vibranium.

    Here are some of the best #KillmongerWasRight tweets:


    Many Twitter users that tweeted #KillmongerWasRight also disagreed with the character's approach.


    However, Jordan's performance is just one factor in an exceptional film that has taken the country and world by storm. "Black Panther" scored the second-highest four-day opening in US history with $242 million earned domestically, and it stands at a 97% "Fresh" rating on the reviews aggregator Rotten Tomatoes. 

    SEE ALSO: The 25 best movie supervillains of all time, ranked

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    Liz Wessel WayUp

    • Sometimes, it can be tricky to determine when to leave your job and pursue another opportunity.

    WayUp CEO and cofounder Liz Wessel, who quit Google after two years, has some insight on timing your move.

    • If the prospect of your next step is actually distracting you from your work, that's a sign it's time to move on.

    WayUp CEO and cofounder Liz Wessel knew exactly when she needed to leave Google.

    After all, she'd gone into the company with the intention of departing after two years to found her own business. She'd even told the recruiters at Google of her plans when she joined the tech giant full-time in 2012.

    The recruiters approved of her ambitions. After two years, she left and launched WayUp — a job platform for college students and early-stage professionals — with cofounder JJ Fliegelman.

    But, if you haven't planned as far ahead as Wessel, how can you tell when it's the right time to move on? How can you avoid jumping the gun or staying too long?

    The answer to those questions really depends on the specific opportunity — and your personal circumstances. But if you can't stop thinking of your next step, that's a pretty good indicator that you should make your move, Wessel told Business Insider. That goes for whether it's a new role, company, or a whole new industry.

    "If you can't do a good job at your job anymore because you're spending all of your time thinking about another job opportunity, that's probably a good sign," she said.

    Wessel said this applies whether or not you plan on starting your own business. She said she saw plenty of friends go through a similar period of distraction.

    "The one thing we had in common was we couldn't stop thinking about something else," she said. "Like, 'I just really want to work at this one tech startup that I'm just so passionate about' or 'I'm in finance but I just love this one fintech company.'"

    Either way, one thing that shouldn't affect your plans is worrying about how job-hopping might be perceived.

    "It's not about how often you switch jobs," Wessel said. "As long as you're doing things that you're passionate about and that you're learning from, I promise you, you will be able to tell that narrative in the next interview very well."

    SEE ALSO: WayUp CEO and cofounder Liz Wessel always knew she wanted to be an entrepreneur.

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    costco cars

    • Costco's auto program sold more than 520,000 cars in 2017. 
    • The budget retailer grew car sales by 6% in a year when the industry's sales slumped. 
    • Costco's biggest advantage over competitors is that it has fixed prices, meaning customers don't have to bargain when making their car purchase.


    Costco's car business is thriving thanks to a perk that sets it apart from the competition. 

    On Tuesday, Costco announced that its auto program sold more than 520,000 vehicles in 2017. That's a 6% increase over 2016 sales figures, during a year when total sales dropped across the wider auto industry. 

    Costco membership shopping cart

    Costco's auto business has quietly skyrocketed over the last decade. In 2008, Costco sold roughly 200,000 cars a year — a figure that the retailer has more than doubled since then. 

    Despite the growing business, Costco doesn't make any money on the auto sales.

    The vehicles are sold through partnerships with auto dealers, meaning that, technically, Costco itself does not sell the cars. Instead, the retailer uses the program as a way to attract new members and maintain existing members' interest.

    Costco has one major perk that traditional car dealerships lack: fixed prices. That means customers can skip the bargaining and upselling that is expected at traditional auto dealers.

    "Costco members are at the forefront of everything we do,” Beth Chaponis, a Costco representative, said in a statement explaining the company's "exceptional and transparent car-buying experience."

    The streamlined process means greater customer satisfaction. Costco surveys every member who buys a car though the program. According to the company, more than 96% of members who responded to the survey gave the program high marks for value, service, and overall experience.

    Costco launched its auto program in 1989. Today, the retailer sells cars through more than 3,000 dealerships to Costco members across the US.

    SEE ALSO: Millennials are dragging down beer sales — but Gen Z marks a 'turning point' that will cause an even bigger problem for the industry

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    Welcome to Digital Health Briefing, a new email providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by Business Insider Intelligence.

    Sign up and receive Digital Health Briefing free to your inbox.

    Have feedback? We'd like to hear from you. Write me at: 

    GOOGLE'S AI HELPS TO PREDICT CARDIOVASCULAR CONDITIONS BY ANALYZING EYE SCANS: Google and Verily — Google-parent Alphabet's life sciences unit — are exploring new ways that artificial intelligence (AI) can be used to identify patients' risk of suffering from a cardiovascular event, such as a heart attack or stroke, according to a newly published study by the two Alphabet subsidiaries. The report describes how Google's AI analyzes noninvasive retinal fundus scans — scans of the back of the eye — to deduce the individual's age, sex, blood pressure, and whether they're a smoker. That data can then be used to predict that individual's risk of suffering a cardiovascular event with comparable accuracy to current leading methods.

    Why is this important?

    The technology could potentially make it faster, cheaper, and simpler for healthcare providers to accurately predict a patient’s cardiovascular risk, which could save millions of lives and billions of dollars. Google’s algorithm showed it could identify the likelihood that a patient would suffer from a cardiovascular event in the next five years with 70% accuracy. This was only slightly lower than the 72% accuracy seen in commonly-used, more invasive, methods, such as SCORE, which requires a blood test to be taken and analyzed. With Google planning to further develop and test its algorithm on larger and more comprehensive datasets, it's reasonable to assume that the accuracy of this test will improve over time. Eventually, the technology could help providers identify more individuals who are at risk of developing cardiovascular conditions — cardiovascular disease not only affects over 100 million people in the US, it is also the costliest disease in the nation, with associated costs reaching $555 billion in 2016, according to American Heart Association. 

    How does this impact the healthcare industry?

    Google's study shows how AI-technology can be used to create new diagnostic tests to predict medical conditions by using data from existing tools. For example, Google's technology can be used to show what parts of the retinal fundus image actually lead to the most successful predictions, essentially giving researchers new information into what causes cardiovascular disease. This information could lead to significant advances in how doctors determine who may be at risk of a cardiovascular condition and how to best treat them to lower their risk just by analyzing their history. As more companies prove how AI can be used to transform how the healthcare industry diagnoses and treats major conditions the technology will only further move towards becoming a part of a new standard of care for patients.

    HITCH HEALTH AND LYFT PARTNER TO HELP GET PATIENTS TO THEIR APPOINTMENTS: Hitch Health, the Minnesota-based healthcare technology company, announced the launch of its partnership with ridesharing company Lyft to give patients non-emergency medical transportation, according to HIT Consultant. Hitch Health's proprietary technology securely connects to a healthcare provider's electronic health record (EHR) to identify the patients who would be most likely to benefit from a ride to and from a clinic, hospital, or doctor's office. These patients are then sent an SMS text with a free ride offer via Lyft for their next visit. If the patient accepts the offer, Hitch Health will send another notification the morning of their appointment. Patients aren't required to have a smartphone, an app, or a credit card, which can be barriers in underserved populations. Partnerships between ridesharing services and healthcare systems are becoming increasingly popular, as healthcare systems realize the benefits of offering non-emergency medical transportation to patients to reduce the number of missed appointments. About 3.6 million patients miss medical appointments each year because of transportation barriers, according to the National Academy of Sciences. These missed appointments can lead to poor health outcomes, increased emergency department visits and hospitalizations, and lost revenue for health systems — as much as $150 billion in the US every year, according to Health Management Technology. 

    NOKIA EXECUTIVE CONFIRMS COMPANYS DIGITAL HEALTH WOES: Nokia chief strategy officer Kathrin Buvac sees no path forward for its digital health business after the segment “struggled to scale and meet its growth expectations,“ according to an internal memo sent by Buvac to Nokia employees that was seen by The Verge. The memo was sent the same day the company announced a strategic review of its digital health business alongside preparations to lay off as many as 425 employees in Finland. The email sheds further light on the dire state of Nokia’s Digital Health business — a part of Nokia Technologies — that includes its line of wearables and connected thermometers and scales, and its health app.

    The memo doesn’t necessarily mean Nokia will remove itself from the digital health market. The company’s foray into healthcare wearables opened the door to multiple relationships with healthcare companies, and provided Nokia with a “new perspective” on the healthcare space, Buvac said. As we reported last week, if Nokia stays in health care, it’s likely that the company's way forward will be as a business-to-business and licensing company, something it’s found massive success within the telecom and mobile tech market — the company reported around $28 billion in revenue in 2017. This could include offering healthcare-focused IoT and wireless solutions for hospitals and healthcare systems.

    bii nokia digital health quarterly revenue

    INFLUENZA OUTBREAK DRIVES UPTICK IN US TELEMEDICINE VISITS: Healthcare systems are showing an increasing reliance on telemedicine providers to alleviate emergency rooms during illness outbreaks, according to virtual care delivery service Teladoc. The company announced Tuesday that it has provided more than 300,000 virtual patient visits since mid-January, a record for the company. The spike in patient volume was likely due to a combination of an overburdened health care system further taxed by the start of the flu season, and shows how telehealth solutions can help address staff and bedding shortages in hospitals. Telemedicine services, such as Teladoc, can streamline the treatment process because it connects patients remotely to certified physicians around the US, via phone, video-conferencing, and online, rather than relying on local access to physicians. This allows the company to treat far more patients — the company says it often treats more than 1,000 patients suffering from the flu each day and reported that influenza cases represented nearly one in five visits in January, compared to the 1 in 15 in-person visits reported for the US by Modern Healthcare.

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    Bank of England Governor Mark Carney speaks at the Future Forum in Birmingham Town Hall, in Britain, October 14, 2016.

    • Mark Carney says Brexit has hit wages and pushed up inflation, meaning people are earning less than the Bank of England had forecast prior to Brexit referendum.
    • Pressure is expected to ease later this year.

    LONDON — Bank of England Governor Mark Carney said on Wednesday that real incomes are set to be 5% below pre-referendum forecasts by the end of this year.

    Appearing before the Treasury Select Committee on Wednesday, Carney said that British incomes are currently 3.5% below where the central bank had forecast them to be prior to the June 2016 vote to leave the European Union.

    Economists' forecasts have been ridiculed for their inaccuracy in many pro-Brexit circles but Carney said the figures were "to be expected" given the effects of the Brexit vote on the economy.

    "We're in a transition period or a pre-transition period is perhaps a better way to put it," Carney told the Treasury Select Committee.

    The pound sank to multi-year lows against both the euro and dollar in the wake of the vote, which has led to high inflation. Inflation rose rapidly after the vote and currently sits at 3%, well above the Bank of England's target of 2%.

    Meanwhile, investment and wage growth have failed to keep pace. Wage data also out on Wednesday shows pay packets increased by 2.5% in January— meaning people are effectively seeing real wage declines of 0.5%.

    The cumulative effect is British people have less money in their pockets than the Bank had expected them to have at this point in time.

    Carney said the 5% lag at the end of the year is expected to be the peak in divergence from the Bank's pre-referendum forecasts. Inflation is predicted to ease and wage growth is expected to overtake inflation later this year.

    Andy Haldane, the Bank of England's chief economist, told the Treasury Select Committee: "It is very likely average weekly earnings growth will nudge up to have a 3 in front of it [from next month]."

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    Buick Regal TourX

    • Buick has expanded its lineup with a wagon.
    • The Regal TourX is a capable family hauler that has way more style than an SUV.
    • Performance and tech are also strong points.

    I grew up in a Buick station wagon — an Estate wagon, to be precise. It was the large-and-in-charge suburban family hauler before SUV sent wagons into near-extinction, leaving surviving examples to be gently nurtured by car writers with a thing for sedan handling and decent cargo capacity.

    One can still find wagons for sale, even as full-size SUVs and compact crossovers dominate the US markets. The Subaru Outback will probably never vanish from this realm, and Volvo's V90 is a nice, big wagon that we enjoyed when we tested it last year. The Volvo V60 Cross Country and Audi Allroad are also in the fight.

    Buick Estate Wagon

    Enter the Buick Regal TourX, an unlikely new combatant in the, um, wagon wars. Buick is certainly well known for its popular crossovers. The Enclave, Envision, and Encore saved the brand, and the Regal GS sedan is a great sleeper sporty four-door. 

    And now, a wagon joins the party. It's actually a proper European estate (that's what they call wagons across the pond — they call sedans "saloons," too, those nutty Euros), sharing a platform with the Opel Insignia. Buick let us borrow a 2018 TourX with all-wheel-drive in the "Essence" upmarket trim level, tipping the price scales with numerous options at just north of $40,000.

    I drove it around the Manhattan island and through the 'burbs of New Jersey for a week. And a good week it was. 

    Buick Regal TourX

    Normally, I'd start with the Buick tri-shield badge and work my way back, but this time around, we'll begin with the almost comically capacious cargo area. Drop the rear seats and you have a small pickup truck, with over 70 cubic feet of space. With the rear seats up, the area is still vast, at over 30 cubic feet. I have the hauling needs that three children, one wife, and one dog create, and I couldn't come up with anything the TourX couldn't handle. 

    Buick argues that the low-slung wagon will be superior for sporting-lifestyle duty than a higher-riding crossover. Mount a roof rack and you'll be better able to hoist bikes, skis, etc. on and off. Makes sense, but the TourX isn't exactly a rugged-looking ride. Truthfully, its elegance and chic evoke Buicks of yore, with sleek surfaces and pleasing curves here and there. Our tester was stunning in a Smoked Peal Metallic paint job, with a Shale leather interior.

    Buick Regal TourX

    The 250-horsepower, turbocharged four-banger can propel the Buick wagon from o-60 mph in about 6.5 seconds, while the eight-speed automatic helps post 24 mpg combined (21 city/29 highway). An auto shutdown/restart at idle might annoy some drivers, as it can't be deactivated. But it bumps up fuel economy and reduces emissions. For a vehicle of decent size, the TourX offers moderately crisp handling and some pep off the line, as well as steady and quiet freeway cruising with ample passing power. 

    You could give the TourX a push and it would probably respond happily, but its natural desire is to be smoothly piloted with one-hand on the wheel, just like it's 1978 again.

    Buick Regal TourX

    Tech-wise, the TourX is like almost every other vehicle in the General Motors fleet. The Intellilink skinning of GM's excellent infotainment system runs off responsive touchscreen that while not large isn't dinky, either. Bluetooth connections are a snap, and with OnStar 4G LTE wifi connectivity on board, you can run seven devices without sucking any wireless data from your plan. You have AUX and USB ports for devices, Apple CarPlay and Android Auto, and in the case of my tester, a tasty Bose audio system with SiriusXM satellite radio. 

    My final impression of the TourX is that it's a great option for stylish suburbanites who will like the cargo capacity and the big back seat for kids. This demographic is suppose to buy SUVs, but if you don't like to ride high and truck-like, then wagons continue to be a dandy alternative. And with the Buick Regal TourX, you have a handsome newcomer that's as suited to a night on the town as it is for runs to the beach or the lake. 

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    bella thorne

    • Bella Thorne just dyed her hair a bright shade of neon red.
    • She debuted the new look to her Instagram followers on Tuesday.
    • There are also a few orange highlights in the front for an extra pop of color.
    • It's one of her best looks yet.

    While it's no secret that Bella Thorne is one of the ultimate hair chameleons, it's still exciting when the 20-year-old actress debuts a new look. She usually turns to a fun wig when she's looking for a quick change [cut "up" as you don't really need it, , but it looks like she's taken the plunge and dyed her locks a beautiful shade of neon red.

    Thorne teased her Instagram followers about the possibility of a new hair color on Sunday by posting a photo of her light auburn strands with the caption, "This s--- about to be so changed."

    A post shared by BELLA (@bellathorne) on

    She quickly delivered on her promise on Tuesday by debuting her newly neon red hair.

    It’s a change up 😍

    A post shared by BELLA (@bellathorne) on Feb 20, 2018 at 12:08pm PST on

    Though we've previously seen Thorne experiment with a fire-engine red wig before, this particular hue is one of the brightest we've seen from the "Shake It Up" star so far. She even threw in a few bright orange highlights in the front for an extra pop of color.

    Performance night 💔

    A post shared by BELLA (@bellathorne) on Feb 20, 2018 at 11:49am PST on

    The end result is certainly eye-catching and eccentric, but somehow still looks like a natural fit for the ever-evolving actress.

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    House Speaker Paul Ryan and President Donald Trump surrounded by Republican lawmakers.

    • The vast majority of Republican lawmakers are staunchly opposed to any form of gun regulation, and many push to roll back gun control laws. 
    • In the aftermath of yet another mass shooting, the country has resumed its debate about how to keep guns out of the hands of would-be perpetrators.
    • But there are a host of reasons why GOP lawmakers have little incentive to support any form of gun regulation. 

    Following the slaughter of 17 people by a 19 year old gunman in Parkland, Florida last week, the nation has resumed its debate on gun control.

    But Republicans, as ever, remain largely unwilling to consider any serious forms of control. 

    In its Wednesday morning newsletter, "Playbook," Politico considered why Republican lawmakers have little incentive to support gun-control measures. They outlined the reasons: 

    • Many Republican voters read and consume media and promotional materials created and distributed by the National Rifle Association (NRA), which pushes for fewer regulations on guns and promotes anxiety about the government taking citizens' guns away, and vote according to grades the NRA gives to politicians. 
    • Most GOP lawmakers fear primary challenges from the right — 36 House members represent districts that vote Republican by huge margins, on average 20 points or more, Politico reported. Moving away from extremely pro-gun positions would thus put their jobs in jeopardy.
    • At the same time, very few Republicans in Congress believe they'll lose votes for failing to support gun regulations. 
    • Many Republican lawmakers and voters believe new gun regulations wouldn't necessarily be effective. They argue that the laws already in place aren't consistently enforced and that new laws — for example, those banning assault weapons — would leave would-be criminals to simply use another type of readily available weapon. 

    President Donald Trump announced on Tuesday that he would direct the Department of Justice to design a ban on "bump stocks," an accessory used to transform a semi-automatic weapon into a fully automatic one, which was used by the mass shooter in Las Vegas last year to kill 58 and injure hundreds. The White House also indicated on Tuesday that the president may be open to a ban on assault weapons. 

    SEE ALSO: A Columbine survivor turned lawmaker is pushing the opposite of what many people think is the solution to end school shootings

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