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One chart shows that a lot of jobs have a long way to go to recover from the pandemic

A waiter at The Dorian serves champagne to guests who are dining outside on April 02, 2021 in San Francisco, California. Justin Sullivan/Getty Images The April jobs report showed employment gains were mainly in the leisure and hospitality sector. The motion picture and sound recording industry is still almost 40% below pre-pandemic employment. Couriers and messengers lost 77,400 jobs in April, so it is now 14.3% above pre-pandemic employment. See more stories on Insider's business page...
Tags: Employment, Trends, Economy, Bureau of Labor Statistics, Recovery, Bunker, San Francisco California, Justin Sullivan Getty, BLS, Nick Bunker, BI Graphics, Madison Hoff, BLS National Occupational Employment


Why America's economic recovery is stumbling as experts badly misjudge the labor market

A customer walks by a now hiring sign at a BevMo store on April 02, 2021 in Larkspur, California. Justin Sullivan/Getty Images April's jobs report was a shocking miss, suggesting the hiring rebound many anticipated was an illusion. Virus fears, childcare pressures, and unemployment benefits all likely drove the weak payrolls read. Biden has proposed massive packages focused on jobs, but they likely face months of negotiation before passage. See more stories on Insider's business pa...
Tags: US, America, Trends, Joe Biden, Bureau of Labor Statistics, Federal Reserve, Biden, Chamber of Commerce, Justin Sullivan Getty, James Carville, BLS, Moody s Analytics, Jerome Powell, Ian Shepherdson, Larkspur California, Neil Bradley


The April jobs report shocks as 266,000 payroll additions badly miss the forecast of 1 million

A pedestrian walks by a now hiring sign at Ross Dress For Less store on April 2, 2021 in San Rafael, California. Justin Sullivan/Getty Images The US economy added 266,000 jobs in April, a huge miss of the median estimate of 1 million new payrolls. The unemployment rate rose to 6.1% from 6%, while economists had expected it to drop to 5.8%. The payrolls increase marks a fourth straight monthly gain, but the smallest since January. See more stories on Insider's business page. The US labo...
Tags: Congress, White House, US, Trends, Bloomberg, Joe Biden, Bureau of Labor Statistics, New York Times, Federal Reserve, Justin Sullivan Getty, San Rafael California, Ross Dress for Less, Atlanta Council, Ben Winck Madison Hoff, Josh Lipsky, GeoEconomics Center


'Robinhood isn't democratizing investing': 6 markets experts break down why Warren Buffett and Charlie Munger were right to trash the trading app

Warren Buffett, CEO of Berkshire Hathaway, and vice chairman Charlie Munger. JOHANNES EISELE/AFP via Getty Images Billionaire investor Warren Buffett and his right-hand man Charlie Munger have slammed Robinhood. The online brokerage hit back, saying everyday investors deserve equal access to the markets. Markets experts say investment success is more easily achieved by practicing buy-and-hold investing. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood thi...
Tags: Google, Facebook, US, Trends, Reddit, Berkshire Hathaway, Warren Buffett, Robinhood, Gamestop, Buffett, Robert Johnson, Justin Sullivan Getty, David Morrison, Munger, Charlie Munger, Alexander Voigt


These 4 stocks related to the lumber industry are soaring as prices for the commodity doubled in 2021

Justin Sullivan/Getty Images A double in lumber prices so far in 2021 has helped push up the stock prices of companies involved in the production of wood.The commodity has seen a surging price as demand for homes continues to increase, and as supply constraints continue.These 4 stocks have seen strong rallies so far in 2021 as prices for lumber soar.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Lumber prices have doubled so far in 2021 and are up 250% since last ...
Tags: Finance, Trends, Markets, Commodities, Trading, Stock Market, Movers, Boise, Justin Sullivan Getty, National Association of Homebuilders, Matthew Fox, Lumber, Markets Insider, UFP, West Fraser Timber Co, Stock Market 2021


A Silicon Valley realtor says the exodus from the region is overhyped - but that it's easier than usual to buy a house near tech campuses like Google

Justin Sullivan/Getty Images The Silicon Valley exodus has been overhyped throughout the last year, realtor Mary Pope-Handy says. Instead, it's been a local migration to more affordable areas with more space and better weather. But it is slightly easier than usual to buy a house near tech campuses like Google, she said. See more stories on Insider's business page. Throughout the last year, we've been hearing of tech's elite leaving Silicon Valley in droves for southern lo...
Tags: Google, San Francisco, Trends, Netflix, Usps, Miami, Silicon Valley, Mountain View, Salesforce, Sonoma, East Bay, Bay Area, Northern California, United States Postal Service, San Francisco Chronicle, Santa Clara County


Bill and Melinda Gates said they'll continue their philanthropy work after their divorce. Here are their biggest projects, including spending nearly $2 billion to fight COVID-19.

Bill and Melinda Gates have announced they are to divorce. Ted S. Warren/AP Bill and Melinda Gates said their divorce wouldn't get in the way of their philanthropic work. The couple set up the Bill and Melinda Gates Foundation in 2000, which focuses on health, education, and poverty. Here are the foundation's biggest projects. See more stories on Insider's business page. Bill and Melinda Gates announced Monday that they're getting divorced after 27 years of marriage. They w...
Tags: Science, Microsoft, Nigeria, US, Barack Obama, Trends, Bill Gates, West Africa, Berkshire Hathaway, Warren Buffett, Bill and Melinda Gates Foundation, Time Magazine, Bill, Seattle, Philanthropy, Melinda Gates


The incredible life and career rise of Melinda Gates - one of the world's richest and most powerful women

She heads a foundation with a $40 billion endowment. Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation Melinda Gates is one of the most powerful women in the world, according to Forbes. She could be worth $73 billion if she and Bill Gates split their fortune equally in the divorce. Gates will continue in her role as co-chair of the Bill and Melinda Gates Foundation. See more stories on Insider's business page. Melinda Gates is the fifth most powerful woman in the world, ...
Tags: Science, News, Microsoft, Obama, Bono, Life, Stanford, Africa, Time, US, America, Trends, Features, United States, U2, Aol


The incredible life of Melinda Gates - one of the world's richest and most powerful women

She heads a foundation with a $40 billion endowment. Jamie McCarthy/Getty Images for Bill & Melinda Gates Foundation Melinda Gates is one of the most powerful women in the world, according to Forbes. She could be worth $73 billion if she and Bill Gates split their fortune equally in the divorce. Gates will continue in her role as co-chair of the Bill and Melinda Gates Foundation. See more stories on Insider's business page. Melinda Gates is the fifth most powerful woman in the world, ...
Tags: Personal Finance, Education, Microsoft, Obama, Bono, Life, Finance, Stanford, Africa, Time, US, Careers, America, Trends, Features, United States


Can't find chicken wings, diapers, or a new car? Here's a list of all the shortages hitting the reopening economy.

Empty shelves and shoppers are visible at a Target retail store during an outbreak of the COVID-19 coronavirus in Contra Costa County, Dublin, California, March 15, 2020. Photo by Smith Collection/Gado/Getty Images As the US economy increasingly reopens, the economy is seeing shortages of all sorts of items. If you've tried to buy (or rent) a car or eat some chicken wings, you've probably noticed. Insider rounded up some of the major shortages across the US economy, and why they...
Tags: Apple, Post, Texas, Washington, White House, China, US, America, Los Angeles, Trends, Opec, Bloomberg, Joe Biden, Intel, Brazil, Argentina


10 Things in Politics: The Instagram account behind DC's best gossip

Good morning, and May the Fourth be with you. Welcome back to 10 Things in Politics, your weekday look at the biggest stories in DC and beyond. Sign up here to receive this newsletter.Send tips to [email protected] or tweet me at @BrentGriffiths.Here's what we're talking about:A very DC diversion is this anonymous Instagram accountBill and Melinda Gates are ending their 27-year marriageRep. Liz Cheney is in hot water with some fellow Republicans, againOne thing to look out for today...
Tags: Facebook, Instagram, Supreme Court, Microsoft, Obama, California, US, Newsletter, Trends, Joe Biden, Cnn, Fbi, Ronald Reagan, House, New York Times, Bill Gates


Bill and Melinda Gates are ending their 27-year marriage. Here's how the Microsoft cofounder spends his $129 billion fortune, from a luxury-car collection to incredible real estate.

Bill Gates has an estimated net worth of $129 billion. Thierry Chesnot/Getty Images Bill Gates and his wife of 27 years, Melinda French Gates, are getting a divorce. Gates, the cofounder of Microsoft, has a fortune worth $130.5 billion. Gates indulges in a few luxuries, but he mainly spends through the Bill & Melinda Gates Foundation. Visit Business Insider's homepage for more stories. Bill and Melinda Gates are ending their 27-year marriage.The couple announced the news in a statement...
Tags: Amazon, Elon Musk, News, Microsoft, Australia, California, Washington, New York City, Nigeria, US, San Francisco, Barack Obama, Trends, Atlanta, Wealth, Features


Americans' red meat obsession is growing stronger, with beef sales skyrocketing to $30 billion as a 'meat war' looms

Americans are eating even more beef. Justin Sullivan/Getty Images Beef is the best-selling meat in America, with 2020 sales growing to $30.3 billion. But some experts say Americans need to eat less meat to address the climate crisis. There is a fundamental disconnect between fears of red meat bans, and the reality of growing sales. See more stories on Insider's business page. The American love affair with beef is growing stronger. And that's fueling a crisis, according to environm...
Tags: Texas, Washington Post, US, America, Trends, Joe Biden, Democrats, New York Times, Agriculture, Conde Nast, University of Oxford, Biden, Dallas Morning News, Epicurious, Bon Appetit, Brook


10 things in tech you need to know today

Justin Sullivan/Getty Images Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here.Let's get started.1. The major antitrust trial between Apple and "Fortnite"-maker Epic Games kicks off today. Epic is suing over Apple's App Store policies, particularly the cut that Apple takes from sales on its platform. Apple CEO Tim Cook is among the high-profile executives that will testify.2. Scientists couldn't stop a (fictitious) space rock from decimat...
Tags: Apple, Google, Amazon, Spacex, Etsy, Ipo, Trends, Tech, Nasa, Tim Cook, Roku, Goldman Sachs, App Store, Instacart, Fintech, SoFi


Googlers fight to stay home and Apple goes to court

Hello, and welcome to this week's edition of the Insider Tech newsletter, where we break down the biggest news in tech, including:Google employees fight for the right to work from homeApple App Store model is under attackHow Etsy's marketplace became a free-for-all of listings for dead pets, radioactive material and weapons Did someone forward this newsletter to you? Sign up here. Soundtrack: This week's newsletter has been specially designed to be consumed while listening to the Bea...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, Elon Musk, Enterprise, Media, Supreme Court, Microsoft, Etsy, Obama, Newsletter, Trends, Remote Work


Inflation nears decade high as reopening juices price growth across the economy

Bolstered by three rounds of stimulus checks, US consumers are spending more. Justin Sullivan/Getty Images The PCE price index - a popular inflation gauge - rose to 3.5% from 1.7% in the first quarter. The measure signals that reopening and stimulus boosted demand, lifting prices at a nearly decade-high rate. The Fed expects inflation to climb but only temporarily, before fading to normal levels. See more stories on Insider's business page. The inflation that economists and the Federal...
Tags: US, Trends, Joe Biden, Federal Reserve, Donald Trump, Fed, Powell, Commerce Department, Justin Sullivan Getty, the Commerce Department, Ben Winck, Fed Chair Jerome Powell An


The 30 highest-paying jobs in New York State

We found the highest-paying jobs in New York state based on May 2020 occupational wage data from the Bureau of Labor Statistics. Westend61/Getty Images New York state is home to the financial and media capital of the United States. Using BLS data, we found the occupations with the highest average salaries in the Empire State. The following are the 30 highest-paying jobs in New York, based on May 2020 data. See more stories on Insider's business page. 30. Judges, magistrate judges, ...
Tags: New York, Jobs, US, Careers, Trends, Strategy, Features, Bureau of Labor Statistics, United States, Salaries, New York State, Airline, Rick Bowmer, Justin Sullivan Getty, Department of Labor, BLS


Apple's Tim Cook confirms iMac and iPad production will be delayed due to the crushing global chip shortage

Apple CEO Tim Cook. Photo by Justin Sullivan/Getty Images Apple CEO Tim Cook said the chip shortage has caused the company to delay production of the iMac and iPad. The global semiconductor shortage has hit automotive and tech companies hard in recent months. Cook estimates Apple will lose $3-4 billion in revenue next quarter as a result of the shortage. See more stories on Insider's business page. Shoppers may see shortages of iMacs and iPads on the shelves in the coming months.Apple ...
Tags: Apple, Ipad, Elon Musk, Cook, News, Trends, Tim Cook, Sony, Retail, Nintendo, Dell, iMac, Alix, Justin Sullivan Getty, Luca Maestri, Maestri


Nancy Pelosi slams GOP 'tax scam' of 2017 in defending Biden's wealthy tax hike

House Speaker Nancy Pelosi (D-CA). Justin Sullivan/Getty Images Nancy Pelosi defended the proposed tax hikes to fund Biden's $4 trillion infrastructure plans. She told MSNBC the hikes are a response to the GOP "tax scam" of 2017, which benefited the wealthy. GOP lawmakers have strongly opposed the hikes, calling them part of a "socialist vision" for the country. See more stories on Insider's business page. Ahead of President Joe Biden's unveiling of his $1.8 trillion infrastru...
Tags: Congress, Senate, Trends, Joe Biden, Gop, House, Mitch McConnell, Nancy Pelosi, Republican Party, Biden, Msnbc, Donald Trump, Andrea Mitchell, Sen Elizabeth Warren, Pelosi, Justin Sullivan Getty


9 ways to shop at Costco without a membership

There are ways to take advantage of Costco's deals without buying a membership. Damian Dovarganes/AP Costco sells groceries in bulk for members. Memberships cost between $60 and $120 annually. There are a few ways to shop at the retailer without paying the membership fee. See more stories on Insider's business page. Membership clubs like Costco are known for huge savings and a variety of items available in bulk. Costco. Mohammad Khursheed/REUTERS To access all of t...
Tags: Trends, Costco, Justin Sullivan Getty, Costco Cash Card, Hollis Johnson, Joe Raedle, Mohammad Khursheed, Mary Meisenzahl, Getty Images The Washington Post, Facebook Instacart, Damian Dovarganes AP Costco, Tim Boyle Getty Images, Getty Images Tim Boyle, Facebook com Costco, Facebook Costco, Yelp Costco Optical Vision Center


Apple finally rolled out the privacy feature Facebook has been protesting for months. It's the latest skirmish in an ongoing rivalry between Mark Zuckerberg and Tim Cook.

Apple CEO Tim Cook, left, and Facebook CEO Mark Zuckerberg. AP; Francois Mori/AP Facebook CEO Mark Zuckerberg and Apple CEO Tim Cook have been adversaries for years. They've traded barbs over how expensive Apple products are and the Cambridge Analytica scandal. Recently, Facebook has been fighting back against Apple's new privacy feature. Visit Business Insider's homepage for more stories. The long-standing feud between Mark Zuckerberg and Tim Cook appears to be raging on.The ...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Cook, Congress, Time, Trends, Features, Getty Images, Idaho, Washington Dc, New York Times, Tim Cook, The Times, The New York Times


Amazon is slated to overtake Walmart as the largest retailer in the US

Justin Sullivan/Getty Images Amazon will soon beat out Walmart as the largest retailer in the US, according to a new report. Edge by Ascential also found that e-commerce will account for 29% of US retail chain sales by 2025. Kroger is slated to hold on to the third-place spot, in terms of retailers. See more stories on Insider's business page. Walmart's not the only retail giant in town anymore. In fact, one market research study found that Amazon is on track to overtake its Arka...
Tags: Amazon, US, Trends, Walmart, United States, Arkansas, Kroger, Cagr, Ascential, Justin Sullivan Getty, Amazon All, Aine Cain, Deren Baker, Images Amazon


California Gov. Gavin Newsom to face a recall election after GOP-led effort collects enough signatures

Gov. Gavin Newsom of California. Justin Sullivan/Getty Images CA Gov. Gavin Newsom will face a recall election after the GOP-led effort reached its signature goal. Recall organizers met the minimum threshold to force a special recall election with more than 1.6 million verified voter signatures. News of the recall election comes after Caitlyn Jenner announced her gubernatorial campaign last week. See more stories on Insider's business page. California Gov. Gavin Newsom will face a reca...
Tags: Politics, California, Trends, Gop, Los Angeles Times, Caitlyn Jenner, Gavin Newsom, State, LA Times, Justin Sullivan Getty, Newsom, Eleni Kounalakis, Shirley Weber, Lauren Frias, Gavin Newsom Recall, Newsom If


How Apple is pitching its new ad format

Hi and welcome to Insider Advertising for April 27. I'm senior advertising reporter Lauren Johnson, and here's what's going on:Apple's new ad format.How social media managers manage screen time. If this email was forwarded to you, sign up here for your daily insider's guide to advertising and media.Tips, comments, suggestions? Drop me a line at [email protected] or on Twitter at @LaurenJohnson. Apple CEO Tim Cook. Photo by Justin Sullivan/Getty Images As Apple t...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Hollywood, Media, Advertising, Newsletter, Trends, Tim Cook, Roku, Ad Tech, Trump, Justin Sullivan Getty, Newsletters, Simon Schuster


The 39 highest-paying jobs you can get without a bachelor's degree

Subway operators make a median salary of $69,440 a year and need at least a high school diploma or equivalent. Mario Tama/Getty Images Not all jobs require a four-year college degree or higher to earn a large salary. We looked at jobs where the typical education requirement is less than a bachelor's degree. The following are the 39 highest-paying jobs where you don't need a four-year degree to pursue them. See more stories on Insider's business page. 39. Farmers, ranchers,...
Tags: Transportation, Jobs, Education, College, US, Careers, Trends, Strategy, Pay, Features, Farmers, Salary, Mike Segar, Shaun, Justin Sullivan, Justin Sullivan Getty


Google and Microsoft offer resources and millions in donations to help see India through its COVID-19 crisis

Google also announced a variety of measures to help increase awareness, information on vaccines, testing, and more. Justin Sullivan/Getty Images As India's COVID-19 crisis rages on, US tech giants are pledging their support for the country. Google CEO Sundar Pichai announced the tech giant will give $18 million in new funding to India. Microsoft CEO Satya Nadella said Microsoft would use its resources to help India through the crisis. See more stories on Insider's business page. On...
Tags: Google, Microsoft, India, Satya Nadella, US, International, Trends, Silicon Valley, Sundar Pichai, Nordic, Justin Sullivan Getty, BI International, Balaji Srinivasan, Tech Insider, Adam Nash, India Google


300+ employees have left Travis Kalanick's ghost-kitchen startup, in an exodus that reflects deep tensions over leadership, secrecy, and pay

Hello!Welcome to this weekly roundup of stories from Insider's Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.What we're going over today:Travis Kalanick's stealth $5 billion startup CloudKitchens is Uber all over again.Amazon's most senior executives are leaving in droves. A deep dive into the secretive world of Wall Street quant recruiting. Capitol Hill staffers are burned out, traumatized, and heading for the exits. Se...
Tags: Amazon, Uber, New York, Microsoft, Congress, US, Newsletter, Trends, Georgia, Walmart, Retail, Capitol Hill, Airbnb, Travis Kalanick, Biden, Kalanick


From Trump to Frank: A timeline of MyPillow CEO Mike Lindell's eventful career so far

Mike Lindell held a livestreaming marathon to celebrate the launch of Frank. Frank Mike Lindell, CEO of MyPillow, became a recognizable political figure during Trump's term. His latest venture, the social-media platform Frank, has launched. Here's a brief timeline of Lindell's most notable career moments. See more stories on Insider's business page. Mike Lindell, chief executive of MyPillow, rose into the national political spotlight seemingly overnight as he was pulled in...
Tags: Twitter, Minnesota, Washington Post, White House, US, America, Trends, Georgia, Cnn, House, Biden, Donald Trump, The Washington Post, Costco, Daniel dale, Trump


Hurricane Apple and Hurricane Travis, a tale of two storms

Hello, and welcome to this week's edition of the Insider Tech newsletter, where we break down the biggest news in tech, including:Travis Kalanick's '"temple of bros"Asana CEO Dustin Moskovitz wants employees in the office because he values "togetherness"Amazon's goal to get rid of a certain percentage - often 6% - of employees each year Did someone forward this newsletter to you? Sign up here. Soundtrack: This week's newsletter has been specially designed to be consumed while...
Tags: Apple, Amazon, Facebook, London, Enterprise, Media, Microsoft, Newsletter, Trends, Tech, Getty Images, Snapchat, Netflix, Amazon Kindle, Silicon Valley, Travis Kalanick


American companies are struggling to hire workers, but BofA sees that fading by early 2022

Justin Sullivan/Getty Images Many US businesses are facing worker shortages as the economy starts to reopen. The unusual dynamic will fade by early 2022 as the labor market rebounds, BofA economists said. Expanded unemployment benefits and COVID-19 fears are likely keeping many from seeking work, they added. See more stories on Insider's business page. A McDonald's paying people to interview for jobs. Uber drivers holding off on rides in hopes of higher pay. Millions of payrolls p...
Tags: US, Trends, Bank Of America, McDonald, Justin Sullivan Getty, BofA, Jerome Powell, Michelle Meyer, Ben Winck