Business Insider

New for Business Insider with Alice Tecotzky: As the once decidedly liberal Silicon Valley splinters this election, with figures like Elon Musk, Marc Andreessen, and David Sacks publicly backing former President Donald Trump, a group of powerful venture capitalists have combined forces to declare their support for Vice President Kamala Harris. By Thursday morning, nearly 500 leaders in Silicon Valley pledged to vote and solicit donations for Harris on a new website, VCsForKamala.org. According to one of the group's organizers, the original signatories represent a combined $150 billion in assets under management. "We are pro-business, pro-American dream, pro-entrepreneurship, and pro-technological progress," reads a statement on the VCsForKamala's website. "We also believe in democracy as the backbone of our nation." Harris, who was born in Oakland, has garnered support from dozens of leaders in her backyard supportive of her pro-business policies. Here are some of the biggest names on the list.

At the July Fed meeting, the Federal Open Market Committee decided to keep rates steady. However, it's likely that a rate cut is just around the corner. What does that mean for savings account interest rates for the rest of the year? My latest article catches you up on the savings account interest rate environment for the first half of 2024 and also explains the savings rates forecast for the rest of the year. This is important if you're wondering whether a high-yield savings account or CD is still worthwhile. Read the full article on Business Insider: https://lnkd.in/g-tQUDJE #personalfinance #savings #economy

As sports betting and gaming booms, new roles are being created to meet the industry's demands. Business Insider is recognizing 16 rising stars in US sports betting for leadership and innovation.

Meta surpassed analyst expectations in its second-quarter earnings report released Wednesday. Its revenue hit $39 billion, a 22% increase over the same period last year. Wall Street analysts had expected just over $38 billion. Meanwhile, the company said it expects infrastructure costs — such as the money it's plowing into building its artificial intelligence capabilities — to be a "significant driver of expense growth." It's expecting to spend at least $35 billion to $37 billion this year — an increase from its last estimate. It kept its maximum spend estimate at $40 billion for the year, and it plans to keep spending in 2025, too. Read why investors don't seem to mind in Business Insider https://lnkd.in/eQuHjxYP

New from me: Last year we featured Memorable AI as one of our AI/adtech startups to watch in 2024. Today Reddit announced it had acquired the company as it looks to turbocharge its business and improve ad performance on the site. More details about the deal over at Business Insider https://lnkd.in/e7c3w2HE #reddit #ai #generativeai #acquisition #adtech

Amex has updated its benefits mix to get Gen Zers and millennials to sign up for premium cards sooner rather than later.

John Allen, aka MrBallen, found success with TikToks on "strange, dark, and mysterious" stories. Now, MrBallen has become a media company that includes podcasts, live events, and a talent agency.

To date, they've produced content for brands that include Skims, Nike, Tanishq, Chiffon & Spice, and Tilted Lotus. Many of these projects wouldn't have been possible without their media kits, each with a well-detailed biography, campaigns, photo examples, engagement analytics, and a breakdown of their services.

Regulatory scrutiny and industry skepticism remain as Google balances cookies and Privacy Sandbox.

Of the top 15 cities where the largest share of the millennial population bought homes, nine were in the South, five were in the Midwest, and none were in the Northeast or on the West Coast.