Insider Today: Millennial money mistake

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Welcome backmost to our Sunday edition, a roundup of immoderate of our apical stories. Ford's CEO took a different way to landing his astir caller ride: flying it successful from Shanghai. Here's nan lowdown connected nan Xiaomi Speed Ultra 7, nan car Jim Farley doesn't want to springiness up.

Check retired tomorrow's version of Insider Today for nan first successful a bid focused connected what a Trump aliases Harris presidency would mean for your finances.

On nan schedule today:

• Our interactive representation shows what cars are most celebrated wherever you live.
• Millennials are making a monolithic financial mistake.
• Business Insider's database of nan most powerful group successful artificial intelligence.
• As Walgreens and 7-Eleven falter, America is turning into a shopping wasteland.

But first: A tech CEO puts an extremity to labor moving remotely from Bali.

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The extremity of WFB (Work From Bali)

The CEO of European startup Bolt wants labor to get disconnected nan formation and backmost to nan office.

In a memo to staff seen by Business Insider, Markus Villig said each unit would beryllium required to activity from nan agency 12 days a period starting January.

Bolt is acold from nan first tech institution to telephone workers backmost to nan office. (We've sewage a moving database here.) Villig's memo cited improved collaboration and thought procreation arsenic reasons for much IRL work, arsenic others person done.

What made Villig's memo particularly eye-catching is that he went further, saying nan argumentation would put an extremity to nan "insanity of moving remotely from places for illustration Bali."

"That is simply a picnic not what we hired them to do," he said.

The United States of Automobiles

You are what you thrust — and we've sewage nan information to beryllium it. Business Insider combed done 1.7 cardinal listings and analyzed thousands of makes and models to understand what drives America.

From our governmental affiliations to artistic preferences, our interactive information provides a broad roadworthy representation of America's automotive psyche. No different prime we make arsenic consumers conveys much accusation astir really we spot ourselves and really we wish to beryllium seen.

Buckle up and return our information for a spin.

Also read:

• Check retired nan cars your neighbors emotion most
• Cars utilized to beryllium really colorful. What happened?
• What does our prime of conveyance uncover astir our governmental preferences?

Millennial money mistake

Thanks to nan fame of meme-stocks trading and zero-day options, young investors are often branded arsenic chaotic speculators. Data from nan Federal Reserve paints a different story. As of June 30, millennials had 19% of their full financial assets successful cash, nan astir of immoderate generation.

Despite being successful their premier investing years, nan Great Recession and nan COVID-19 pandemic person made millennial investors risk-averse — and that could group them backmost successful nan agelong run.

Why millennials should extremity playing it safe.

Also read:

• Prices are improving. So why is everyone still truthful worked up astir inflation?

The AI Power List

For nan 2nd twelvemonth running, Business Insider released its database of nan astir powerful group successful artificial intelligence and instrumentality learning. The 2024 AI Power List honors group hoping to effect alteration and lick problems crossed nan industry.

From Google to Groq, and OpenAI to xAI, nan nominees are moving connected challenges and opportunities crossed AI: Making computing infrastructure much efficient, overcoming power constraints, and guiding really this exertion will alteration nan world.

These are nan astir powerful group successful AI.

Also read:

• Amazon's AI information halfway dream runs into nan reality of 'zombie' facilities, higher costs, and labour shortages
• Inside Amazon's atomic ambitions, its 'Piano Man' project, and CEO Andy Jassy's support

Convenient nary more

Last week, Walgreens announced it would shutter 1,200 stores complete nan adjacent 3 years, nan latest casualty of a nationwide "retail apocalypse."

A cleanable large wind of outer factors — for illustration nan emergence of e-commerce and nan convoluted measurement Americans salary for healthcare — helped usher successful nan area drugstore's demise. It's turning nan state into a shopping wasteland.

RIP, OTC.

Also read:

• The US is facing a drugstore graveyard arsenic stores close. Filling nan leftover spaces is nan adjacent challenge.

This week's quote:

"Microsoft has really disappointed truthful galore of our customers."

— Salesforce CEO Marc Benioff arsenic competition betwixt nan 2 companies heats up.

More of this week's apical reads:

• More than 1,000 older Americans shared their biggest life regrets.
• To activity astatine Google, you must embody "Googleyness." Here's what that means.
• Building much weird homes could thief bring down lodging prices.
• Americans are quitting their jobs astatine nan lowest complaint successful years. It's bad news for occupation seekers.
• Resume stalking connected LinkedIn tin thief you reverse-engineer nan profession you want.
• More employers opportunity they don't attraction if you went to college, but most still look to.
• Medicare sum will alteration successful 2025. Some boomers are already struggling to support up pinch bills.
• Disney's CEO scheme sparks speculation astir Bob Iger's drawn-out succession.

• How The Wall Street Journal's editor is remaking nan paper.

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  The Insider Today team: Dan DeFrancesco, lawman editor and anchor, successful New York. Jordan Parker Erb, editor, successful New York. Grace Lett, editor, successful Chicago. Amanda Yen, fellow, successful New York.