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The 11 best things to stream this weekend, from season 2 of 'The Last of Us' to the final installment of 'The Handmaid's Tale'

The Last of Us for What to Stream.

Liane Hentscher/HBO; Chelsea Jia Feng/BI

  • "The Last of Us" and "Hacks" are among the shows that are back for new seasons this week.
  • Jon Hamm stars in the new Apple TV+ dramedy "Your Friends & Neighbors."
  • Viola Davis plays the president of the United States in the Prime Video action movie "G20."

This week, you can check out new seasons of "The Last of Us," "The Handmaid's Tale," "Hacks," and more.

But if you're looking for something brand new, Viola Davis' political thriller "G20" and Jon Hamm's crime dramedy "Your Friends & Neighbors" fit the bill.

Here's a complete rundown of all the best movies, shows, and documentaries to stream this weekend, broken down by what kind of entertainment you're looking for.

Season two of "The Last of Us" premieres on Sunday.
pedro pascal as joel in season two of the last of us. he's a middle aged man with a silver beard, and light brown, silvery hair pushed back from his forehead. he's sitting on a couch wearing a brown jacket
Pedro Pascal as Joel in "The Last of Us" season two.

Liane Hentscher/HBO

The new season of "The Last of Us" is comprised of seven episodes and adapts part of the video game "The Last of Us Part II."

Season two picks up five years after the events of the first season, with Pedro Pascal and Bella Ramsey reprising their roles as Joel and Ellie, respectively. New cast members include Kaitlyn Dever, Danny Ramirez, and Jeffrey Wright.

Streaming on: Max

After three years, "The Handmaid's Tale" is back for its sixth and final season.
Elisabeth Moss in season six of "The Handmaid's Tale."
Elisabeth Moss in season six of "The Handmaid's Tale."

Hulu

The sixth and final season of the gripping drama series starring Elisabeth Moss kicks off with a three-episode premiere followed by a weekly drop until the finale on May 27.

Streaming on: Hulu

"Black Mirror" returns with six new episodes.
Cristin Milioti in season seven of "Black Mirror."
Cristin Milioti in season seven of "Black Mirror."

Nick Wall/Netflix

Season seven of Charlie Brooker's trippy, satirical sci-fi series features six episodes, including a sequel to the season four episode "USS Callister" that starred Cristin Milioti and Jesse Plemons.

The robust cast list for season seven includes Milioti, Will Poulter, Emma Corrin, Paul Giamatti, Tracee Ellis Ross, and Issa Rae.

Streaming on: Netflix

The Emmy Award-winning comedy series "Hacks" is back for season four.
Hannah Einbinder and Jean Smart in season four of "Hacks."
Hannah Einbinder and Jean Smart in season four of "Hacks."

Max

The 10-episode fourth season centers on Deborah Vance (Jean Smart) and Ava Daniels (Hannah Einbinder) butting heads while trying to develop Deborah's new late night show.

Streaming on: Max

For a sci-fi adventure, watch season two of "Doctor Who."
Ncuti Gatwa in season two of "Doctor Who."
Ncuti Gatwa in season two of "Doctor Who."

Disney+

Ncuti Gatwa returns as the time-traveling Doctor, this time trying to help a woman named Belinda Chandra (Varada Sethu) return to Earth.

Streaming on: Disney+

If you're still keeping up with the Kardashian-Jenner family, tune into the season six finale of "The Kardashians."
KhloΓ© Kardashian in season six of "The Kardashians."
KhloΓ© Kardashian in season six of "The Kardashians."

Disney

The finale follows KhloΓ© Kardashian as she travels to London for the launch of her fragrance, XO KhloΓ©, and shows the famous family celebrating Kim Kardashian's birthday.

Streaming on: Hulu

Season five of "My Next Guest Needs No Introduction with David Letterman" resumes this week.
"David Letterman and Caitlin Clark in season six of "My Next Guest Needs No Introduction With David Letterman."
"David Letterman and Caitlin Clark in season six of "My Next Guest Needs No Introduction with David Letterman."

Elizabeth Sisson/Netflix

The latest season of David Letterman's Netflix talk show continues with a candid conversation with WNBA star Caitlin Clark.

Streaming on: Netflix

If you're in the mood for an enemies-to-lovers romance, check out "The Hating Game."
Lucy Hale and Austin Stowell in "The Hating Game."
Lucy Hale and Austin Stowell in "The Hating Game."

Vertical Entertainment

The 2021 rom-com, based on Sally Thorne's best-selling book of the same name, stars Lucy Hale as Lucy Hutton and Austin Stowell as Joshua Templeton, two bickering coworkers competing for the same highly coveted job promotion at a publishing company. Their rivalry, of course, turns to romance and the work enemies start falling for each other.

Streaming on: Netflix

"Bad Influence: The Dark Side of Kidfluencing" explores the reality of being a child star on the internet.
Sophie Fergie and Piper Rockelle in "Bad Influence: The Dark Side of Kidfluencing."
Sophie Fergie and Piper Rockelle in "Bad Influence: The Dark Side of Kidfluencing."

Heather Nichole/Courtesy of Netflix

The docuseries digs into the dangers of being a young influencer, the exploitation of kid influencers like Piper Rockelle and her friends, and allegations leveled against Rockelle's momager, Tiffany Smith.

Streaming on: Netflix

Viola Davis plays the president of the United States in "G20."
Viola Davis in "G20."
Viola Davis in "G20."

Ilze Kitshoff/Prime

Fictional US president Danielle Sutton (Viola Davis) springs into action and fights back when she's targeted by terrorists at a G20 summit in Cape Town, South Africa.

The film costars Anthony Anderson and "The Boys" favorite Antony Starr, who plays another daunting villain in this political action thriller.

Streaming on: Prime Video

Jon Hamm stars as a man who loses everything and becomes a criminal in "Your Friends & Neighbors."
Jon Hamm in "Your Friends & Neighbors."
Jon Hamm in "Your Friends & Neighbors."

Apple TV+

After getting fired and divorcing his wife, hedge fund manager Andrew Cooper (Jon Hamm) turns to a life of crime, stealing from the homes of his wealthy neighbors and uncovering secrets about them in the process.

The series, which scored an early renewal back in November, premieres with two episodes this week, followed by one new episode weekly leading up to the finale on May 30.

Streaming on: Apple TV+

Read the original article on Business Insider

A new digital recreation of the Titanic might offer clues about how it sank — take a closer look

A digital recreation of one of the sections of the Titanic shipwreck
The bow section of the Titanic digitally recreated.

Magellan Limited/Atlantic Productions

  • Submersibles captured images of the Titanic wreck to create a "digital twin" of the ship.
  • The digital model offers new insights into how the ocean liner sank over 100 years ago.
  • Researchers are using it to explore the Titanic's mysteries.

One of the most memorable scenes from James Cameron's 1997 movie "Titanic" showed the ship breaking in half β€” a dramatic moment that matched some survivors' stories of the early hours of April 15, 1912.

But it might not be accurate.

"They're contradictory," Titanic analyst Parks Stephenson said of the passengers' accounts. The ship itself would be better able to tell the tale. "Steel rarely lies," he told Business Insider.

The problem is that the wreck is over 2.3 miles below the waves in the Atlantic Ocean, but new technology has recently made it more accessible than ever.

In 2022, underwater mapping company Magellan Ltd., headquartered in the Channel Islands, took 715,000 images of the Titanic. It took months to piece them all together into a "digital twin" of the ship.

Now historians and researchers are hoping it can answer some of Titanic's biggest mysteries.

A new National Geographic special from Atlantic Productions, "Titanic: The Digital Resurrection," shows how Stephenson and other experts are using these images to examine the wreck in a whole new way.

In 1912, the Titanic sank, killing over 1,500 people.
titanic
The RMS Titanic.

Hulton Archive/Getty Images

The ship's size, its famous passengers, the unfathomable loss of life, and the harrowing tales from survivors instantly made it headline news.

Interest in the disaster continued, especially in 1985 when Robert Ballard and Jean-Louis Michel found the shipwreck during a secret US Navy mission.

It's far too fragile to raise. Artifacts and small pieces of the ship have been recovered, but the rusting remains will stay on the ocean floor.

It's risky and expensive to visit the shipwreck β€” five people died when a submersible visiting the Titanic imploded in June 2023 β€” and conditions are murky at that depth. The digital twin offers an ultra-clear view that's impossible to see from a submersible.

The digital twin captured the Titanic in remarkable detail while also giving a sense of its size.
A submersible with lights scanning the rusting bow of the Titanic
The Juliet ROV scans the bow railing of the Titanic wreck site.

Magellan Limited/Atlantic Productions

Two submersibles, Romeo and Juliet, spent three weeks photographing and measuring the ship and the debris surrounding the two halves. The digital model is made up of the images and scans to reveal areas of the ship that are hard to view from trips to the wreck.

Other techniques have been used to create photo mosaics of the Titanic, but this photogrammetry process captured every inch of the wreck β€” down to its rivets β€” and its surroundings without losing resolution or details.

"You can zoom right into an area of interest, right down to a floor tile on the ocean floor," Stephenson told BI. "It is amazing."

Stephenson, who appears in the documentary, has viewed the Titanic a few times from crewed and uncrewed submersibles. He said that in person, it's difficult to see much of the ship through a 7-inch viewport. That meant he was glimpsing the ship section by section instead of as a whole. "What you really need to make sense of all this evidence is context," he said.

"It's how it's all put together and presented as a whole that's the paradigm shift here," Stephenson said. "That's what's going to be the future of deep ocean exploration."

Researchers want to know why the iceberg did so much damage.
A digital recreation of the Titanic showing its bow buried in the seafloor
The bow of the Titanic seen in a digital recreation.

Magellan Limited/Atlantic Productions

Crew member Frederick Fleet described hitting the iceberg as a narrow shave, thinking they'd avoided disaster. Many passengers didn't realize the ship had struck anything. Yet the collision was deadly.

The Titanic's builders designed the ship to withstand four of its 16 compartments flooding. Edward Wilding, a naval architect who worked on the design, speculated from the beginning that the iceberg scraping alongside the ship punctured more than four sections. Enough water flowed in to pull down the entire ship.

The portion of the ship that struck the iceberg slammed into the seafloor when it sank. It's now buried in mud. Even if it were visible, it would likely be difficult to tell the difference between the damage before and after sinking.

For the documentary, researchers from University College London and Newcastle University put together a simulation to find some potential answers. Using the ship's blueprints and estimated speed, they found that the iceberg may have torn open an 18-square-foot gash along six compartments, enough to take down the Titanic.

The simulation aligned very closely with Wilding's speculations from over 100 years ago.

"He really knew that ship," Anthony Geffen, the film's producer, told BI, which is perhaps why they match so well.

With much of the bow sunk in the mud, we may never know the full story of the iceberg's effect, Stephenson said.

Large pieces from the ship show how it may have split in two.
Part of the digital recreation of the Titanic showing two rusting engines
Engines on the Titanic digital recreation.

Magellan Limited/Atlantic Productions

In Cameron's movie, the ship basically cracks in half. Passenger Jack Thayer later wrote that part of the ship rose into the sky and seemed to hang there, and then, "with the deadened noise of the bursting of her last few gallant bulkheads, she slid quietly away from us into the sea."

"Even Jim Cameron, today, will say that the way he depicted it in the movie is not correct," Stephenson said. It was based on what was known in 1997, which was eyewitness testimony, like Thayer's.

The way it broke apart may have been far more explosive. The model shows large pieces of the hull scattered around the wreck that may be evidence of such an event.

"It was a giant, catastrophic fracture," metallurgist Jennifer Hooper said in the documentary, which caused a domino effect of compression and buckling that destroyed roughly 20% of the ship.

That might explain why the two large sections of the ship are a third of a mile apart, Geffen said. "Something massive must have happened," he said. "It didn't just float apart."

The model gives a new perspective on passengers' and crew's final moments.
A digital recreation of the Titanic where it split in two
The Titanic digital recreation shows the boilers in the hull where the ship broke apart.

Magellan Limited/Atlantic Productions

Before the ocean liner disappeared under the water, survivors recalled its lights still being on. The model gives a clear view of boiler room two. That's likely where the Titanic engineers stayed until the end, shoveling coal to keep the ship illuminated and the wireless transmitting calls for help.

Further away, a valve can be seen in the open position, indicating that steam continued flowing to generate electricity.

"These boilers tell us about a very personal story about the people" who stayed behind on the ship, Geffen said.

First-class passengers John Jacob Astor and Benjamin Guggenheim, two of the wealthiest men on the boat, both lost their lives β€” the documentary revealed that the crumbling ship may have come apart right where the first-class cabins were located.

Personal possessions are clear enough to recognize.
Objects on the sea floor including a shark tooth and a curved tusk piece of jewelry
Possessions from people aboard the Titanic, including a shark tooth fob, pocket watch, and tusk bangle.

Magellan Limited/Atlantic Productions

The crew's and passengers' possessions are scattered for miles around the Titanic. Researchers have been able to identify the owners' of some of them from these new images, and Geffen said AI could help find more.

For example, there's a shark tooth that seems to have been attached to a pocket watch belonging to a first-class passenger, Colonel John Weir.

The Titanic site is a graveyard, where hundreds of people lost their lives. "I think sometimes that gets lost," Geffen said, but their belongings can help tell their stories.

One day, anyone may be able to virtually visit the Titanic.
Three people stand in front of a digital recreation of the Titanic on a large screen
Jennifer Hooper, Chris Hearn, and Parks Stephenson examine the Titanic digital twin in the virtual studio.

Atlantic Productions

The new scans have frozen the Titanic in time. It's already covered in rusticles, the pointy structures created by deep-sea bacteria. As it continues to deteriorate, more evidence will be lost.

As well as being dangerous and expensive, some also consider visiting the site via submersible disrespectful. Geffen said there are plans to put the digital twin in simulators so people can do virtual dives to the wreck, instead. Eventually, people will be able to put on a VR headset and walk around the site.

"With this digital twin, we can now bring the entire Titanic wreck site up to the surface and make it available to everyone," Stephenson said.

"Titanic: The Digital Resurrection" premieres on National Geographic on April 11 and on Disney+ and Hulu on April 12.

Read the original article on Business Insider

Meta earnings: See the social media giant's financial history, dividends, and growth expected from projections

Mark Zuckerberg

Manuel Orbegozo/REUTERS

  • Meta Platforms is a closely watched company, with its quarterly earnings carefully scrutinized.
  • Meta Platforms Q4 2024 earnings report was released on January 29.
  • The company is fighting an anti-trust lawsuit against the government.

Meta Platforms, the Silicon Valley parent company of social media sites Facebook, Instagram, and Threads, the messaging app WhatsApp, and more, releases its earnings quarterly.

CEO and chairman Mark ZuckerbergΒ plays a leading role on these calls to report Meta's status to its shareholders.Β 

Here's a breakdown of Meta's recent earnings.

Meta Q4 earnings 2024

Meta reported its fourth-quarter earnings on January 29 after the closing bell. The social media company crushed Wall Street's expectations.

Meta tried to reassure investors about how much it's spending on artificial intelligence and about possible competition from Chinese AI company DeepSeek.

The Facebook parent reported revenue for the period of $48.39 billion, beating the consensus analyst estimate of $46.98 billion.

While its first-quarter sales forecast came in below estimates, investors seemed more concerned about other matters.

During Meta's earnings conference call, CEO Mark Zuckerberg fielded questions from analysts on the company's recent content moderation changes, its big spending plans for 2025, TikTok, and more.

He teased Llama 4 news and said he was "optimistic" about "progress and innovation" under Donald Trump's government. Zuckerberg also responded to a question about DeepSeek, saying it was important to have a domestic firm set the standard on open-source AI "for our own national advantage."

4th Quarter results

  • Earnings per share: $8.02 vs. estimate of $6.78
  • Revenue: $48.39 billion vs. estimate of $46.98 billion
  • Operating margin: 48% vs. estimate of 42.6%

Meta Q3 earnings 2024

Meta reported its third-quarter earnings on October 30 after the market close. The company made it clear it would not be slowing down on its spending while building out its AI infrastructure this year β€” and expects those costs to increase in 2025.

"We had a good quarter driven by AI progress across our apps and business," Meta CEO Mark Zuckerberg said. "We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses."

The company's revenue for the quarter was $40.59 billion, ahead of the expected $40.25 billion. Earnings per share were in at $6.06, above the expected $5.25.

In its core business of advertising, Meta said its average price per ad had increased 11% year over year.

However, the company missed expectations for user growth. It said daily active users grew 5% year over year to 3.29 billion. That was lower than expectations of 3.31 billion daily users.

Shares dipped more than 3% following Meta's earnings call with analysts, during which Zuckerberg talked through the company's AI investment strategy and said that "this might be the most dynamic moment I've seen in our industry."

The company's big bet on AI, which includes both training its own AI models and launching consumer products across its platforms powered by them, continued to drive up its costs.

3rd Quarter results

  • Earnings per share: $6.03 vs. estimate of $5.25
  • Revenue: $40.59 billion vs. estimate of $40.25 billion
  • Operating margin: 43% vs. estimate of 39.6%

Meta Q2 earnings 2024

Meta reported second-quarter earnings on July 31 after the market close, and it was another win for Mark Zuckerberg.

The Facebook parent's revenue and earnings-per-share beat consensus analyst estimates, driven by better-than-expected advertising sales.

Like other tech giants, Meta has been heavily investing in generative AI with little to show for it so far, but CEO Zuckerberg defended its spending plans in the earnings call.

"Before we're really talking about monetization of any of those things by themselves, I don't think anyone should be surprised I would say that would be years," he said, noting that "the early signals on this are good."

Zuckerberg also said in the earnings release that the company's chatbot, Meta AI, is on pace to become the most widely used in the world by the end of 2024.

Meta's stock rose more than 6% in after-hours trading shortly after the results.

2nd Quarter Results

  • Earnings per share: $5.16 vs. estimate of $4.72
  • Revenue: $39.07 billion, vs. estimate of $38.34 billion
  • Operating margin: 38% vs. estimate of 37.7%

Meta Q1 earnings 2024

Meta reported first-quarter earnings on April 24 after the closing bell.

The company reported revenue and earnings-per-share that beat consensus analyst estimates. But shares slid after Meta gave a range for second-quarter sales that was on the light side of forecasts and said it would spend more than it expected this year.

The report is Meta's first without monthly- and daily-average-user numbers specifically broken out for Facebook. The company instead reported overall "Family of Apps" results that also included Instagram and WhatsApp. The combined group saw $36 billion of revenue, beating the consensus estimate of $35.5 billion.

Meta's stock fell as much as 17% in after-hours trading as investors assessed the results.

CEO Mark Zuckerberg's main focus on the investor call was Meta's plans to invest more significantly in AI. He also hyped up the company's recent partnership with Ray-Ban.

1st Quarter Results

  • Earnings per share: $4.71 vs. estimate of $4.30
  • Revenue: $36.46 billion, +27% y/y, estimate $36.12 billion
  • Operating margin: 38% vs. 25% y/y, estimate 37.2%

Meta earnings history

Meta's earnings are a chance for investors to hear from Mark Zuckerberg himself. The founder and CEO tends to sprinkle in interesting snippets during earnings calls and has a front-row seat to the growing AI boom.

Meta has shifted its focus recently from the Metaverse to AI-based large language models. Meta's AI offering, Llama, is unique in that it is open-sourced, similar to China's DeepSeek. The company has also talked up the adoption of AI technologies into its ad network, which has shown solid results so far.

An ongoing anti-trust lawsuit from the government has recently weighed on Meta. The lawsuit alleges that Meta illegally purchased Instagram and WhatsApp to crush the competition and maintain a monopoly in the social networking industry.

Zuckerberg himself has reportedly lobbied the Trump administration to ditch the lawsuit.

If Meta proves unsuccessful in fighting the anti-trust lawsuit, it could lead to a break up of some aspects of its business.

Meta's next earnings report is scheduled for April 30 after the market close.

Read the original article on Business Insider

Palantir wants to poach top high school grads with a new anti-college internship: 'Skip the debt. Skip the indoctrination.'

Alex Karp being photographed walking in hall
Palantir CEO Alex Karp

Chip Somodevilla/Getty Images

  • Palantir launched a Meritocracy Fellowship for high school grads with top test scores.
  • It challenges university admissions, saying "campuses have become breeding grounds for extremism and chaos."
  • The fellowship comes as Trump's White House pressures elite colleges to cut DEI initiatives.

Defense tech giant Palantir is coming for college-bound teens.

The company just launched its Meritocracy Fellowship, a four-month, paid internship for recent high school grads not currently enrolled in college. Applicants need Ivy-League level test scores to apply β€” a 1460+ on the SAT or a 33+ on the ACT, 99th, and 98th percentile scores, respectively. Admission to the program, the job posting says, is awarded "based solely on merit and academic excellence."

It's a not-so-subtle jab at elite university admissions. Palantir CEO Alex Karp has expressed extreme doubt about the value of higher education: "Everything you learned at your school and college about how the world works is intellectually incorrect," he said on CNBC's Squawk Box in February. The internship was created, Palantir says in the posting, "in response to the shortcomings of university admissions."

The program finds itself amid a mounting political and cultural storm. While the Supreme Court gutted affirmative action in college admissions in June 2023, Trump's White House has kept the pressure on higher education. In March, the administration cut $400 million from Columbia over antisemitism concerns. Just last week, Trump threatened to yank as much as $9 billion in federal funding from Harvard unless it eliminated DEI, among other initiatives.

Tech audiences are paying attention to merit-based admissions conversations. Just last month, an 18-year-old startup founder with a business bringing in $30 million in annual recurring revenueΒ went viral on XΒ after revealing that he was rejected by 15 of the 18 elite colleges he applied to despite a 4.0 GPA and near-perfect standardized test scores.

"Opaque admissions standards at many American universities have displaced meritocracy and excellence," the Palantir posting says. "As a result, qualified students are being denied an education based on subjective and shallow criteria. Absent meritocracy, campuses have become breeding grounds for extremism and chaos."

Palantir's move is among the clearest yet to ditch the lecture halls altogether. Peter Thiel, a Palantir cofounder and prolific venture capital investor, also has a fellowship that "gives $100,000 to young people who want to build new things instead of sitting in a classroom," the program's website says.

At the end of Palantir's program, successful interns will be offered interviews for full-time roles at the company. "Skip the debt," the posting reads. "Skip the indoctrination. Get the Palantir Degree."

Perhaps the so-called "Palantir Degree" injects employees with an entrepreneurial spirit. Troves of ex-Palantirians have gone on to found companies of their own.

The Meritocracy Fellowship places interns on full-time teams working on core Palantir products. It pays an estimated $5,400 monthly, equivalent to just under $65,000 annually. It's based in New York, where roles like Deployment Strategists, which require programming experience, can make $110,000 to $170,000 a year, according to Palantir's career website.

A required question on Palantir's current Deployment Strategist application: "Which university are you currently attending, or did you last attend?"

Read the original article on Business Insider

As a New Yorker, there's one neighborhood I always head to for cheap meals. Here's everything I ate for $25.

The author in New York City's Chinatown neighborhood, smiling and holding $25 cash.
I visited restaurants in New York City's Chinatown neighborhood and enjoyed a variety of foods and drinks for $25.

Alison Van Glad

  • New York City's Chinatown neighborhood is full of delicious and cheap bites to eat.
  • Some of my favorite spots to visit are Mei Lai Wah and Super Taste.
  • I love the lavender green milk tea at Prince Tea House.

As a New York City local, Chinatown is one of my favorite neighborhoods to visit, and I often find myself there alone or with friends for quick and inexpensive bites to eat.

The neighborhood is exceptionally walkable, and has many great restaurants, bakeries, grocery stores, and trinket shops to explore.

If you're planning a visit, I recommend bringing cash, allowing time for a stroll to see which places speak to your stomach, and, of course, coming hungry β€” restaurants in Chinatown are known for serving generous portions.

With all this in mind, here's everything I ordered around town for $25.

Mei Lai Wah is a viral spot that lives up to the hype.
The author in front of Mei Lai Wah, smiling and holding a barbecue pork bun.
My favorite thing to order at Mei Lai Wah is the barbecue pork bun.

Alison Van Glad

Mei Lai Wah's extensive menu has more than 40 dishes under $10.

However, don't be deterred by the long line. Ordering is simple (there are two automated kiosks outside the bakery's storefront), and employees are efficient, so the line moves quickly. Trust me, the wait is worth it.

Just be mindful of the weather during your visit. There is no seating available, so many customers perch on nearby sidewalks to enjoy their food.

What I order: I always get a barbecue pork bun. The baked one has a golden crust and soft inside, with generous amounts of sweet and chewy pork filing. Each one costs $2.50.

Super Taste gives me the best bang for my buck and never sacrifices quality.
The author's dumplings in a carryout container at Super Taste.
I ordered 10 steamed pork and chive dumplings for just over $5.

Alison Van Glad

I love the complimentary house sauces available to dress up the dumplings at Super Taste.

The restaurant has the best crunchy chili oil I've come across; it's full-bodied in flavor and has just the right amount of heat. I also like the house dumpling sauce.

Super Taste has a small indoor seating area with a handful of two and four-person tables that are first come, first served.

What I order: You can't go wrong with the steamed pork and chive dumplings doused in the complimentary house sauces. Ten dumplings costs about $5.

Shu Jiao Fu Zhou is a hot spot for New York City locals and tourists alike.
The author eating peanut noodles at Shu Jiao Fu Zhou.
Shu Jiao Fu Zhou serves a generous portion of peanut noodles.

Alison Van Glad

New York City locals and tourists flock to Shu Jiao Fu Zhou for its selection of soups, noodles, and dumplings β€” many items on the "hot menu" are $6 or less.

In my opinion, the peanut noodles are more than just a simple, vegetarian-friendly dish. The peanut sauce is silky and has the perfect combination of sweet and tangy flavors to complement the chewy noodles.

Shu Jiao Fu Zhao has family-style seating, so any open seat is fair game.

What I order: For just over $3, you get a heaping plate of whole wheat noodles with peanut butter sauce.

Prince Tea House is the perfect place to kick back with a friend.
A close-up of the author pouring lavender green milk tea from a teapot into a teacup at Prince Tea House.
I love the relaxing atmosphere at Prince Tea House.

Alison Van Glad

Prince Tea House was the most expensive stop on my food crawl, but I cannot recommend it enough. The atmosphere is relaxing, providing the perfect place for a solo date with a good book or for conversation among friends.

Each teapot sits on top of a platform with a lit tea light underneath so that every pour is nice and hot. The menu also offers a number of brunch items, snacks, and desserts to satisfy a sweet tooth.

What I order: A pot of lavender green milk tea, which has the perfect level of sweetness and is a beautiful, creamy shade of purple. For $11 (plus tip), each pot of tea is served beautifully with a set of matching teacups and saucers.

Read the original article on Business Insider

Tesla earnings: See the electric vehicle maker's recent results history and projections

Elon Musk

Tesla on YouTube

  • Tesla is a closely watched company, with its quarterly earnings carefully scrutinized.
  • Tesla's Q4 2024 earnings report was released on January 29.
  • The company is dealing with a slowdown in its vehicle sales.

Information about Tesla's financials is released on a quarterly basis, with Tesla CEO Elon Musk reporting progress to shareholders during earnings calls β€” and often facing tough questions from investors while doing so.

Here's a quick guide to recent earnings from Tesla.

Tesla Q4 earnings 2024

Tesla reported its fourth-quarter earnings on January 29 after the closing bell. The EV giant failed to meet Wall Street's estimates and reported an annual decline in vehicle deliveries.

The stock rose slightly following the earnings miss, as investor held out hope for the company's AI, robotic, and self-driving initiatives. But the stock reversed shortly after as investors grew concerned about falling profit margins and how Elon Musk's polarization could negatively impact demand for its vehicles.

The company said its refreshed Model Y vehicle should help jolt sales higher.

Tesla also said in the fourth-quarter earnings press release that the cybercarb is "scheduled for volume production starting in 2026."

"Our purpose-built Robotaxi product β€” Cybercab β€” will continue to pursue a revolutionary 'unboxed' manufacturing strategy," Tesla says in the report.

That's in line with Musk's previous estimate. The CEO said in the company's third-quarter earnings that Cybercab will reach volume production in 2026 and aimed for at least 2 million units anually in multiple factories.

4th Quarter Results

  • Adjusted earnings per share: $0.73 vs. estimate of $0.75
  • Revenue: $25.71 billion vs. estimate of $27.21 billion
  • Gross margin: 16.3% vs. estimate of 18.9%
  • Operating income: $1.58 billion vs. estimate of $2.68 billion

Tesla Q3 earnings 2024

Tesla reported its third-quarter earnings on October 23, 2024 after the closing bell. The EV giant reported mixed results, beating on earnings per share and gross margins, but missing slightly on revenue.

The stock surged 12% after the results were announced, as it teased the production of "more affordable" models in the first half of 2025 and said vehicle sales could surge 20% to 30% in 2025.

Elon Musk said on the earnings call that Tesla's energy business has been doing great, saying that the opportunity ahead is "gigantic" for enterprise-focused energy businesses.

To point to that success, Musk said that Tesla's Megapack factory production had reached 200 Megapacks per week in the third quarter.

Questions on the earnings call then turned to Tesla's self-driving ambitions.

Musk said he expects Tesla to gain regulatory approval for fully autonomous rides in Texas and California next year and called for a pathway to national approval for fully driverless cars. Musk referenced Trump's proposed government-efficiency commission, saying, "if there's a department of government efficiency, I'll try to help make that happen."

3rd Quarter Results

  • Adjusted earnings per share: $0.72 vs. estimate of $0.60
  • Revenue: $25.18 billion vs. estimate of $25.43 billion
  • Gross margin: 19.8% vs. estimate of 16.8%
  • Operating income: $2.72 billion vs. estimate of $1.96 billion

Tesla Q2 earnings 2024

Tesla reported its second-quarter earnings on July 23, 2024 after the closing bell. The EV giant largely failed to meet Wall Street's estimates, although it reported better-than-expected revenue and record high profits in the company's energy storage business.Β 

In the analyst call following the report's release, Elon Musk fielded questions about Tesla's future lineup, including the updated Roadster and next-generation lower-cost vehicle. The CEO said the company would start production on a lower-cost EV in the first half of 2025 but didn't elaborate on specifics.Β 

Analysts also asked about Tesla's Robotaxi event, which Musk confirmed is delayed from August to October 10. The delay is due to a design change to the front of the vehicle, the CEO said.

Musk said in the call he was optimistic Tesla's Robotaxi and the unsupervised FSD it comes with would receive regulatory approval. He also said he would be "shocked" if the first ride wasn't possible by next year. However, he didn't provide a definitive timeline and admitted he tends to lean optimistic.

Musk also faced questions about how he makes resource-allocation decisions with his companies. The inquiries come after news broke that Musk redirected $500 million in AI processors from Tesla to X, although the billionaire claims it was due to Tesla not having the space to store the chips at the time. Musk said in the call that the move benefited Tesla since it didn't have the infrastructure for the chips at the time.

Musk's optimism that the EV maker would solve autonomous driving and hit a $5 trillion valuation failed to soothe investors and by the end of the call, Tesla's stock fell by over 7% in after-hours trading.

2nd quarter results:

  • Adjusted earnings per share: $0.52 vs. estimate of $0.60
  • Revenue:Β $25.50 billion vs. estimate of $24.63 billion
  • Gross margin: 18% vs. estimate of 17.4%
  • Operating income:Β $1.61 billion, -33% y/y, vs. estimate of $1.81
    billion

Tesla Q1 earnings 2024

Tesla reported its first-quarter earnings on April 23, 2024 after the closing bell.

While the carmaker missed expectations on earnings-per-share and revenue, it exceeded estimates on its gross margin. The carmaker also shared plans to speed up production of low-cost EVs ahead of the second half of 2025.

Tesla also offered a glimpse of its Robotaxi ride-sharing app in its Q1 earnings presentation. The preview showed a black-and-white screen that would allow users to "summon" an autonomous vehicle and adjust the car temperature.

During the call, Musk went into greater detail about the Robotaxi concept, sharing that a number of cars would be owned and operated by the EV maker and others would be rented out by Tesla owners. The CEO also said he doesn't foresee "significant regulatory barriers" to Tesla's FSD software and shared a vision of "tens of millions of cars" in a self-driving fleet.

Tesla CFO Vaibhav Taneja addressed the company's layoffs in the call and said the 10% reduction would save it "in excess of $1 billion on an annual run rate basis."

One analyst asked Musk if he's spread too thin, to which Musk responded that Tesla makes up most of his work.

Tesla's then-head of investor relations, Martin Viecha, announced his departure during the call. He joined a string of executives who left the company around that time.

Tesla's stock remained up throughout the call and soared in days after.

1st quarter results:

  • Adjusted earnings per share:Β $0.45 vs. $0.85 y/y, estimate $0.52
  • Revenue: $21.30 billion, -8.7% y/y, estimate $22.3 billion
  • Gross margin: 17.4% vs. 19.3% y/y, estimate 16.5%
  • Operating income: $1.17 billion, -56% y/y, estimate $1.53 billion
  • Negative free cash flow: $2.53 billion vs. positive $441 million y/y, estimate positive $653.6 million
  • Capital expenditure: $2.77 billion, +34% y/y, estimate $2.39 billion

Tesla Q4 earnings 2023

Tesla reported its fourth-quarter earnings on January 24, 2024 and its shares immediately dropped 4% in after-hours trading as the carmaker missed estimates on its revenue and earnings per share.

During the analyst call, the CEO boasted about Tesla's AI, saying it was "quite far ahead of any other company in the world" in regard to AI inference efficiency. The comments came after Musk recently asked for a 25% voting stake in the company and threatened to take AI efforts elsewhere.

Executives also mentioned that Tesla is working to expand its Nevada Gigafactory to build more electric semi-trucks. Musk also mentioned that Tesla may ship the first version of Optimus next year. He also noted the Cybertruck almost sold out for the year, clarifuing that it was a "production-constraint situation, not a demand-constrait situation."

4th quarter results:

  • Adjusted earnings per share: $0.71 vs. estimate $0.73
  • Revenue: $25.17 billion vs. estimate $25.87 billion
  • Gross margin: 17.6% vs. estimate 18.1%
  • Free cash flow: $2.06 billion vs. estimate $1.45 billion
  • Capital expenditure: $2.31 billion vs. estimate $2.32 billion

Tesla earnings history

Tesla's earnings are also a chance to hear from Elon Musk himself. The CEO tends to sprinkle in interesting snippets in earnings calls. In January 2023, for example, Musk used the Tesla earnings call to brag about his Twitter popularity.Β 

He has also been known to comment on hot-button issues, such as COVID lockdowns or increasing competition for AI chips.

The earnings calls are also an opportunity to sometimes hear hints about Tesla's production timeline, with Musk giving updates in the past on Cybertruck launch and production ramp-up, unreleased models like the new Roadster, and other elements of the business, such as Dojo or the solar business.

Musk and Tesla's CFO field questions from analysts every quarter, and the focus of those questions varies depending on what's happening in the wider EV market or if there's a particular challenge facing the company.

The pressure has been high this year with EV demand slowing down and uncertainty about Musk's pay package looming for part of the year.

For example, while Tesla's stock surged following the company's first-quarter earnings, analysts expressed concerns during the call about Musk's ability to prioritize Tesla. The shareholder approval of his massive $55 billion compensation package raised expectations for a renewed focus on the company, and investors were awaiting results to see if it would translate into tangible benefits.

Tesla's next earnings report is scheduled for April 22, 2025, ahead of the company's anticipated launch of a robotaxi network in Austin, Texas.

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I took a day trip from New Jersey to Florida. My flight was $58, and the itinerary for my 11-hour adventure was perfect.

Author Amanda Shammas smiling in Florida
I went on a day trip from New Jersey to Florida and back for $178 β€” my itinerary was perfect, and I didn't even need a hotel.

Amanda Shammas

  • I took a day trip to Florida from New Jersey and back with my best friend.
  • We spent 11 hours in Las Olas and had a great time lounging on the beach, shopping, and eating.
  • My roundtrip flight was just $58, and I didn't need to pay for a hotel or tote around luggage.

Let's be honest, it is way too easy to spend $200 nowadays.

That money could be spent participating in one girls' night out or restocking just a few beauty staples at Sephora. However, that got me thinking: Why not spend the same amount of money on a memorable travel experience?

So, I recently challenged myself to take a same-day trip from New Jersey to Florida for under $200. Not only was my itinerary perfect, but also I didn't need to pay for a hotel or deal with toting around luggage.

Here's how I did it β€” and why you should try a quick turnaround trip on your next day off.

A cheap flight was the key to keeping trip costs low.
Hands holding passport and boarding pass
Cheap flights are out there, you just need to spend some time searching for them.

Images By Tang Ming Tung/Getty Images

The biggest factor in pulling off a budget-friendly day trip is finding an affordable flight with good timing.

I needed one that left early in the morning and returned late at night so I'd have a full day to enjoy Florida.

So, I used the travel site Expedia to track prices and scored a round-trip ticket from Newark Liberty International Airport (EWR) to Fort Lauderdale-Hollywood International Airport (FLL) for $58 on a budget airline.

I didn't need to pay to add bags since I got a free personal item, and I packed light for this day trip.

My flight left EWR at 5:45 a.m. and arrived in FLL at 8:51 a.m. My return flight left at 9:06 p.m. With this schedule, I had about 11 hours to explore the area.

I'm not a morning person β€” until I'm at the airport at 4 a.m. for a trip.
Newark airport with faux trees inside
Our flight departed from Newark Liberty International Airport.

quiggyt4/Shutterstock

My best friend agreed to join me on the trip, and we woke up at 3:30 a.m. for our flight. Fortunately, the adrenaline of our spontaneous trip was enough to have us feeling wide awake.

By 4 a.m., we were out the door and on our way to the Newark airport.

Once we landed, our priorities were finding carbs and caffeine.
Burger and pitcher of mimosas on table
We had a quick breakfast at Village Cafe.

Amanda Shammas

By 9 a.m., we were officially in Florida, ready to make the most of the day.

To skip the hassle of a rental car, I ordered a $24 rideshare from the airport straight to Las Olas Beach β€” an area in Fort Lauderdale known for its beaches and lively boardwalk filled with restaurants, shops, and bars.

We planned to stay on the Las Olas strip for the whole day, so we didn't need any other transportation.

Our first stop was Archibalds Village Bakery for iced vanilla lattes. (Our trip was on a Wednesday, but I heard they have killer cinnamon rolls on weekends.)

Then, we headed around the corner to Village Cafe for breakfast and a pitcher of mimosas. The cafΓ© is attached to a hotel, and we used the lobby bathroom to freshen up and change into our swimsuits.

Next, we headed to the beach to soak up some sun.
Las Olas Boulevard seawall.
Fortunately, there was plenty to do and see in Las Olas.

: Jeffrey Greenberg/Universal Images Group via Getty Images

Although New Jersey can get nice and warm, there's nothing like Florida sun. During our visit, the UV index was a 9, so we used lots of sunscreen and took frequent dips in the ocean to stay cool.

The beach had stunning views, and I even took a quick power nap.

We spent some time on the Las Olas strip.
Margarita and dish with guac at restaurant
We had chips, guac, and margaritas for lunch.

Amanda Shammas

When the sun became a little too much to handle, we walked up to Lona Cocina Tequileria for lunch. Nothing says "beach day" like chips, guac, and margaritas.

After refueling, we walked down the Las Olas strip, where we shopped, grabbed some fresh produce and juice, and popped into the Elbo Room bar for live music.

We then made our way to Quarterdeck, which had an outdoor setup with yard games, like cornhole, and a van serving drinks.

All good things must come to an end.
Palm tree on street in Florida
Around 7 p.m., we started getting ready to go to the airport.

Amanda Shammas

Before we knew it, it was 7 p.m., and we wanted to start getting ready to go to the airport. Again, we stopped by the bathroom in a nearby hotel lobby to freshen up and get changed.

Feeling tan and relaxed, we ordered an Uber to the airport (my friend paid for this one). I don't normally rest on planes, but on that flight home, I've never slept more soundly.

We landed in Newark at 11:59 p.m. and got picked up from the airport at around 12:15 a.m. I was in my own bed by 12:45.

I would absolutely do this again.
View of sand and ocean in Las Olas beach, Fort Lauderdale
We had a blast spending just a few hours in Florida.

majaiva/Getty Images

In total, I spent about $178 β€” $58 for my flight, $24 for a rideshare, and about $96 on food and drinks.

To me, this experience proved that you don't need a huge budget or multiple days to scratch a travel itch.

For others looking to take a quick day trip, start by looking for cheap flights to places you'd like to visit. I had a lot of luck routinely checking Expedia and playing with different combinations of dates and times.

If you can find a cheap flight, plan a solid itinerary, and embrace spontaneity, a fulfilling one-day adventure may be in your future.

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Don't worry too much about tariffs as they may be 'for the LOLz,' analyst says

Donald Trump
President Donald Trump's tariffs have roiled global markets.

Joe Raedle/Getty Images

  • Escalating tariff threats are likely short-lived and theatrical, BCA Research's Marko Papic said.
  • Markets may be overpricing trade war fears amid a reversible, policy-driven slowdown, the analyst said.
  • Papic said this week's tariff rhetoric is "for the LOLz" and sees a US-China trade deal as likely.

Investors fretting over escalating US-China tensions may be overreacting, according to one leading macro strategist who said the latest tariff threats might just be "for the LOLz."

Marko Papic, chief strategist at BCA Research, downplayed the long-term significance of renewed threat rhetoric by the US and China, suggesting that much of the current tension is performative and likely to be walked back.

"As the kids would say β€” just for the LOLz," Papic said in a CNBC interview on Friday.

He pointed to both China's and the US messaging as evidence.

On Friday, China's finance ministry accused the US of "bullying". It warned the US risked becoming a "joke" on the world stage if it continued imposing higher tariffs that "no longer make economic sense."

The White House posted on X on Wednesday that the public should let President Donald Trump "cook," a meme-like phrase commonly used to suggest someone is executing a plan.

Papic argued that markets are already adjusting to the rising risk of policy-induced recession, especially in commodities. But he cautioned against becoming "overly bearish."

"It's not like this is a great financial crisis," he said. "It is a policy-induced slowdown," he said, saying such slowdowns can be reversed.

"I think the market, including for commodities, is going to look through further pain that may come from fundamental hard data if policymakers start talking about this as being just for LOLz," Papic said.

He also questioned whether elements of the administration's trade strategy, including using tariffs to raise revenues and reshoring US manufacturing, would materialize.

"I think the markets are going to slowly move away from the worst-case scenario, which is that we're in some sort of a neo-McKinleyist world where tariffs are used to raise revenue to finance tax cuts. When was the last time any US policymaker actually referred to them as revenue raisers?"

Markets appear to be taking a more cautious stance. The S&P 500 recently pulled back from a high of about 4,800 points, while the dollar has weakened sharply, especially against the euro, which has been up 10% over the past several months.

Still, Papic suggested investors take a step back from the headline volatility, noting that Trump on Thursday said he is looking forward to reaching a deal with Beijing.

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I grew up in Coachella Valley. Here are 10 mistakes I see tourists make when they visit for the music festival.

the writer and a friend at Coachella
I've been regularly attending Coachella music festival for years, and I was raised in Coachella Valley.

Kaitlin Clapinski

  • I was raised in the Coachella Valley, and I've gone to the Coachella music festival many times.
  • I've seen visitors make the same mistakes, like not bringing a jacket or skipping small artists.
  • Bring a reusable water bottle, and don't force yourself to the front barricade of every show.Β 

I was raised in the Coachella Valley, a destination known for its excessive heat, older demographics, and the Coachella Valley Music and Arts Festival.

I've been attending the festival since I was 15 years old β€” I've hung out with my parents there, partied both weekends, and even sat front row.

Luckily, I've been able to avoid some common missteps using my local knowledge and experience going to the festival.Β 

Here are 10 mistakes I always see festivalgoers make at Coachella β€” I suggest you try to avoid them if you want to have a great time.Β 

Taking rideshares to and from the event

When you're in the Coachella Valley for festival weekends, avoid taking a rideshare at all costs.Β 

The festival has multiple entry points, including a parking lot, shuttle hub, camping spaces, and rideshare entrance. In my experience, the rideshare entrance is typically the most hectic, with more lines of traffic than any other entry point.Β 

Getting home with a rideshare is also challenging since the cell service on the festival grounds isn't always great. Plus, rideshares get expensive because of surge pricing.Β 

Ideally, you may be able to avoid all of this by purchasing a shuttle pass. There are multiple shuttle hubs throughout the desert, and they tend to be much more efficient at getting you to and from your desired locations.

Not having a meetup spot for your groupΒ 

art instillations in colorful patterns at Coachella
The art installations at Coachella can be incredible.

Kaitlin Clapinski

As I said above, the cell service is not always the best on festival grounds, so keep that in mind if you're going in a group and plan to split up.

Pick a landmark as a safe spot to meet if anything goes awry. I recommend the gigantic, easy-to-find art area or the Ferris wheel.

I also suggest each person in your group bring a charging cord or a portable charger because it's almost a guarantee that any phone battery will die at least once during the long weekend.

Forgetting to securely store and protect your pricey belongings

I've heard tons of horror stories about people losing expensive accessories or having their phones stolen at Coachella.

Make sure you have a secure place to hold your belongings (like a fanny pack) and consider keeping recognizably expensive designer accessories at home.

If you don't have a bag, try to keep your phone in your front pocket or an area where someone else can't get to it without you noticing.

Not bringing a jacket or hoodie

Kaitlin Clapinski and her friend at Coachella
My friend and I at Coachella.

Kaitlin Clapinski

Contrary to popular belief, the desert does get cool. After the sun goes behind the mountains, the Santa Ana winds pick up, which can make for a crisp evening.Β 

If you can, rent a locker on the festival grounds and store a jacket for later. The lockers have a secure code and are easily accessible throughout the day.

Packing a hoodie in your bag is also ideal or, although you might be hotter during the day, wearing pants or a long-sleeve top can be a lifesaver at night.Β 

Spending your whole day running from stage to stage for music

It's easy to get caught up in running across the grounds to catch the next show, but I've always found my most relaxed years at Coachella were my best ones.

Instead of hopping from stage to stage, see all that Coachella has to offer beyond music.

Arrive early and visit the different art installations, ride the Ferris wheel, or explore the different brand events, which sometimes include food tastings and styling booths.

Thinking you need to force yourself to the front of every barricade to have fun

At some shows, being at the barricade for a performance can be enjoyable.

However, I don't recommend spending your day waiting for a front-row spot at packed performances (like the headliners) or pushing your way through the crowd at the last minute to get to the barricade.

If you hang out in the back or middle of the crowd, you may find yourself pleasantly surprised. There's more space to dance, the surrounding crowd is usually more accommodating, and the view is still superb.

Forgetting to bring a reusable water bottle

I suggest you bring a reusable bottle to avoid paying for overpriced water on the grounds.

The music festival usually has water-bottle-refill stations and they aren't super crowded, in my experience.Β 

You'll have to wait in line for water regardless, but your reusable bottle will most likely last longer than the small bottles you can buy.

Wearing something that's not comfortableΒ 

Kaitlin Clapinski at her first Coachella
My outfit for my first Coachella.

Kaitlin Clapinski

If you want to make the most of your festival experience β€” and avoid annoying your friends by groaning in pain all day β€” try to wear something comfortable.

For starters, break in your shoes beforehand and test if they will give you blisters by going on a long walk. Wear clothes that won't cause chafing or dig into your skin.Β 

If you (understandably) want a stellar outfit you can Instagram, at least bring cozy clothes to change into.

Skipping the smaller artists and only seeing headlinersΒ 

lights and smoke on coachella stage in 2019
I saw Tame Impala perform at Coachella in 2019.

Kaitlin Clapinski

Keep an open mind by researching all the artists on the lineup, no matter how small β€” you just might end up going to some of your favorite shows to date.

One year, for example, my boyfriend dragged me to a French band called L'imperatrice and it was unexpectedly the best show I saw all weekend.

Plus, there's nothing like the satisfaction of feeling like you saw (or knew) about an artist before the rest of the world. After all, huge stars such as SZA, The Weeknd, and even last year's headliner BLACKPINK started out on the small-font portion of a Coachella lineup.

This story was originally published on April 4, 2023, and most recently updated on April 11, 2025.

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I'm the CEO of a clothing brand that makes 100% of our apparel in America. Trump's tariffs are too chaotic to help me.

Eva Kuhle Epaulet
Eva Kuhle shows off a sport coat manufactured at Rochester Tailored Clothing in New York.

Eva Kuhle

  • Epaulet is a menswear brand that makes all its clothing in Los Angeles, New Jersey, or Rochester.
  • Owner Eva Kuhle says Trump's tariff policies are too inconsistent to help American manufacturing.
  • Her core customer base is being squeezed by the cost of living. Tariffs make things worse.

This as-told-to essay is based on a conversation with Eva Kuhle, the CEO and designer of Epaulet, a Los Angeles-based menswear brand that manufactures all of its products in the United States. The following has been edited for length and clarity.

We opened Epaulet in 2008. I'm the owner and the founder. Originally, we had a storefront in Carroll Gardens in Brooklyn. We expanded and had a whole bunch of retail stores. In 2016, we revised the concept and became primarily an online direct-to-consumer seller.

My guiding light has been that I've always wanted to make everything in the United States. The most important thing is a local production that I can personally visit and interact with. I really love fabrics. I like being close to where things are made. And I take a lot of pride in providing local jobs.

To the extent that the Trump administration is kind of hyping up the idea of American workers and blue-collar labor and the American dream β€” that's actually really important to me. I don't want to be just a person who sells clothing and makes X amount of dollars every time somebody buys a pair of chino pants.

Donald Trump is a chaotic and unpredictable person. None of this is going to help manufacturing in America. No one is going to see that now there's a 10% tariff on UK fabric and say, "Wow, this is an amazing business opportunity. Let me retool a woolen factory from scratch, all using my own money to match a tariff policy."

This administration is not consistent, and you can see that after Trump flipped-flopped on the tariffsΒ with no notice. We need to expect the government to stick by the numbers it commits to. Who in their right mind would ever take the policies seriously and risk their own money to expand production? The tariffs could change tomorrow.

I believe in manufacturing in America

100% of Epaulet-branded clothing is manufactured in the United States.

I have two aspects of my business. There is a ready-to-wear collection, which is almost all made in Los Angeles. The clothing is completely designed, cut, sewn, and constructed there. I also work with Rochester Tailored Clothing and Individualized Shirts in New Jersey to make one-off custom pieces for customers.

I like seeing that people are supported by the work that I do, and a really good example of that is Rochester Tailored Clothing. It took over the Hickman Freeman factory in Rochester, New York. I'm one of its largest independent clients. They make beautiful stuff. I think you could argue that they make the best-tailored clothing in North America.

Rochester Tailored Clothing factory
Epaulet manufactures its suit jackets and trousers in the Rochester Tailored Clothing factory, the former home of Hickey Freeman.

Eva Kuhle

This place is literally the American dream. It has first-generation immigrants from all over the world. Rochester is a reasonable city to live in. The wages are good. They're unionized. They have benefits. In a way, that company is a snapshot of how the American manufacturing industry should work.

People have built their lives around low-cost products

The stuff I sell is very high quality. My average retail price per order is about $375. I have plenty of people who buy one pair of chinos for $140, and then I sometimes have people who spend $8,000 on a custom order of several suits.

If you sell clothing like I do, a big portion of your business is going to be done with people who are DINKs, or maybe they're a SINK. A lot of lawyers, physicians, tech engineers. This is always a prime customer for buying clothes. They want to look cool, they're going out, they're taking vacations, they're earning money.

Epaulet clothing
All of Epaulet's clothing is made in the USA.

Epaulet

When you expand, eventually you'll hit a ceiling of how many customers will pay for American-made. And then you've got to use Facebook and Instagram ads to try to find new clients. And you'll find there are some people who are just not spending $150 on jeans, no matter what. It doesn't matter. It has to be cheap.

I'm not saying this to be a wise-ass or an elitist, but we're at a point now where people are used to much lower prices for clothing. They've built their lives around the fact that jeans can only be $25.

The ship has sailed. People have gotten used to decades of lower-cost imported merchandise. The idea that they're going to go back, now that they've been given all these low-cost options, is crazy.

My biggest problem is the cost of living. Tariffs make it worse.

In theory, I should be pretty happy. I have fairly low exposure. All my manufacturing is done here.

I will have to pay tariffs on imported fabrics. In terms of my LA production, I'm not using cashmere or vicuna or anything crazy expensive. The duty won't be the end of the world when I have to order fabric from abroad.

But I don't see a single positive aspect of the tariffs. At my level, the overall cash squeeze on prime fashion customers is an even bigger issue than cheap imported competition.

Increasingly, the SINKs and the DINKs are facing a higher cost of living. My customer base is paying more for rent than ever before. They're paying a ton of money for health insurance. When they have a kid β€” forget about it. The expenses are through the roof.

When their iPhone goes from being $1,000 to even higher, or when they want to buy a car and the car is now suddenly $10,000 more, and you add that to the fact that car insurance is going up, people just have less discretionary income spend on whatever is not a total necessity, which includes Epaulet chore coats.

I used to sell a lot to Canada, and that has largely been decimated. I think that's due to the rising US dollar and the Canadian cost-of-living crisis. And now the fact that the Canadians very reasonably hate the United States is probably going to kill whatever remainder of business I had left in Canada.

Eva Kuhle
All of Epaulet's clothing is manufactured in the USA.

Eva Kuhle

Trump is already undermining the idea of helping domestic manufacturing

This notion that these tariffs are somehow going to inspire domestic production is ridiculous. I'm a good example.

I would need tax credits to expand my business. Maybe tariff exemptions for raw materials used to manufacture American end-products.

Suiting wool is a great example. There is literally one company in the United States that makes suiting wool. That's the last one. So if you want wool for a suit or a pair of trousers, that's the only place. Any suit that you find anywhere in North America is made with wool from abroad because all those industries are gone.

We need a consistent policy that we can trust. We can't have a policy where tariffs may or may not be enforced 90 days from now, and tariffs could also be any number whatsoever. Especially the really huge numbers β€” like 145% on China β€” these hysterical numbers make everything seem even less trustworthy.

You also can't support American manufacturing and also strike zero-tariff free trade deals. Look at Vietnam. Vietnam said it'll drop all the tariffs on US products. And then Trump said America would drop its tariffs and then celebrated that as a win because now there are no more tariffs on American goods.

But then how the hell do you repatriate anything? Then Vietnamese products will be cheaper than they've ever been.

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I've been to Palm Springs over 20 times. There are 8 restaurants I always recommend to first-time and frequent visitors.

Jamie Allison Sanders cocktail, bar cecil burger with fries ketchup and pickle
I've been to Palm Springs many 20 times and have had some incredible meals at great restaurants.

Jamie Allison Sanders

  • I've been to Palm Springs over 20 times and have eaten at many great restaurants in the area.
  • Workshop Kitchen+Bar and Bar Cecil are my favorite fine-dining establishments in Palm Springs.
  • When I want a more casual environment, I get brunch at Norma's or Billy Reed's.

Palm Springs is famous for its midcentury modern architecture, vibrant hues, and relaxing energy, and its food scene is also top-notch.

I live in Los Angeles but visit Palm Springs multiple times a year (it's just two hours away without traffic) and have enjoyed some of the best meals of my life there.

At this point, I've visited the vibrant California desert oasis more than 20 times β€” and finding great restaurants is always on my itinerary.

Whether you're looking for a fine-dining experience or a casual joint where you can stroll in wearing a T-shirt, shorts, and flip-flops, there's a plethora of options.

Whenever someone asks me for dining recommendations, these nine places always make my must-visit list.

Workshop Kitchen+Bar is my favorite restaurant in Palm Springs, hands down.
diver scallops from Workshop Kitchen+Bar
The diver scallops at Workshop Kitchen+Bar are one of my must-have dishes.

Jamie Allison Sanders

At this point, I've lost count of how many times I've eaten at Workshop Kitchen+Bar.Β 

Chefs Michael Beckman and Joe Mourani opened this farm-to-table restaurant in 2012, and it's been a mainstay of Palm Springs' fine-dining scene ever since.

Housed in the historic El Paseo building, which used to be a theater and city-council building, Workshop won a James Beard Award in 2015 for having the best restaurant design in North America.

The market-driven menu specializes in modern American cuisine and changes seasonally, so there's always something new and exciting to try.Β 

My recent favorites are the duck fried rice, butternut-squash risotto, black cod, and diver scallops.

The cocktails are also top-notch. My favorites are the citrusy, vodka-based California Dreamin' and the pineapple-based Pisco Punch.

I celebrated my 40th birthday in Workshop's back room with a custom-created, family-style menu. There's also seating inside in the modernist, concrete dining room and outside in a tree-dappled courtyard.

Dining reservations at Workshop can be hard to come by, but I recommend trying to get one.

Lulu California Bistro has a massive all-day menu and an affordable prix-fixe option.
jamie blowing candle out of cotton candy tower at lulu in palm springs
The hand-spun cotton candy at Lulu California Bistro is an utter delight.

Jamie Allison Sanders

If you like having a lot of choices, look no further than Lulu California Bistro, a restaurant in Palm Springs' central downtown area that's served California cuisine since 2011.

I tend to choose the prix-fixe menu, which features three courses and has so many options that I always have a hard time pinning down what to try. However, standouts include the wild-mushroom soup, meatloaf Γ  la Lulu, and flourless triple-chocolate cake.Β 

The all-day favorites menu, which has everything from pizzas to sandwiches to cheeseburgers, makes it even more challenging to zero in on my selection.

The dishes that almost always rise to the top are the divinely tender braised short ribs, spaghetti Bolognese, and, of course, the hand-spun cotton candy, which is fun to eat, light, and tasty.

Hadley Fruit Orchards is an unassuming shop that makes the best date shakes in the area.
date shake at Hadley Fruit Orchards
I never leave town without stopping for a date shake at Hadley Fruit Orchards.

Jamie Allison Sanders

Hadley Fruit Orchards in Cabazon, California, is more of a general store than a restaurant, but it's the only place in Greater Palm Springs I go for a date shake.Β 

Date shakes are a local delicacy, and I've tried a lot of them, but none have been better than the one from Hadley.

Each one blends Hadley pitted Deglet Noor dates with milk and vanilla ice cream. If you don't drink milk, don't worry β€” Hadley also has a vegan option.

The small is my go-to order since this treat is definitely on the richer side.

The burger at Bar Cecil is picture-perfect and delicious.
the burger at bar cecil in palm springs, side of fries, ketchup, and pickle
The burger at Bar Cecil tastes as good as it looks.

Jamie Allison Sanders

Bar Cecil is so popular that reservations go quickly, so I suggest booking early and putting yourself on the waitlist if need be.

With restaurants this popular, I'm always a bit nervous that the food and drinks won't live up to the hype, but that's not the case at Bar Cecil.

Starters, like Cecil's bread rolls and the deviled eggs, perfectly complement the colossal shrimp cocktail, which is, as described, colossal and heavenly.

In addition to having a well-rounded cocktail and wine list, Bar Cecil also lets guests create their own martini.Β 

The revolving cocktail menu includes espresso martinis along with my personal favorite, the Lost Horizon, named after Frank Capra's 1937 movie that was partially filmed in Palm Springs.

My favorite menu item is the Beaton burger, which pays homage to photographer and designer Cecil Beaton. The perfectly cooked 6-ounce patty is topped with aioli, onion, tomato, and lettuce.

The restaurant presents the burger in a miniature box alongside french fries and a pickle. The "XOXO" on the bun just adds to the perfection.

Tommy Bahama Marlin Bar's central location is the perfect spot for a midafternoon pick-me-up.
ahi-tuna poke bowl at Tommy Bahama Marlin Bar in palm springs california
I've had some good poke bowls at Tommy Bahama Marlin Bar.

Jamie Allison Sanders

Tommy Bahama Marlin Bar is just the place for a good cocktail and easy snack. The restaurant doesn't take reservations and can get crowded, but its fresh fare is worth the wait.Β 

I love the ahi-tuna poke bowl, which comes packed to the brim with veggies, edamame, ahi tuna, and crispy wontons.

Guests can also choose between about 20 cocktails, many of which have island-inspired flavors. The blood-orange margarita is my favorite because of the fresh orange slice garnishing its rim.Β 

Prices are also very reasonable, with most food items capping at about $20.

Billy Reed's cinnamon rolls are the size of a small plate β€” and I have yet to find any that taste better.
cinnamon roll from Billy Reed's in Palm Springs
The cinnamon roll at Billy Reed’s is huge and mouthwateringly good.

Jamie Allison Sanders

To put it mildly, Billy Reed's, which has been open since 1975, is a lot in a good way.

The exterior facade and the decor feel like a grand parlor, and the menu features elevated diner food.

No matter what I've ordered at Billy Reed's, it's been good.Β It serves lunch, dinner, and all-day breakfast.

I personally love having scrambled eggs with extra-crispy bacon, hash browns, and rye toast for a satisfying dinner.Β That said, I usually come here for the cinnamon roll. These pastries are so good that I once walked to Billy Reed's to get one when it was 112 degrees out.

Each cinnamon roll is huge, taking up an area that's about the size of a small dinner plate. It's moist on the inside, flaky on the outside, and covered with sweet vanilla icing. The treat is large enough to share with multiple people.

When I'm in Palm Desert, I always sit for brunch at Wilma & Frieda.
two ices coffees on outdoor table at Wilma & Frieda’s in palm springs california
Deciding between the Eeny, Meany, Miny, or Mo options at Wilma & Frieda’s can be tough.

Jamie Allison Sanders

Though Wilma & Frieda has a location in Palm Springs' downtown area, I prefer the one on Palm Desert's El Paseo Drive.

Not only have I found parking easier at the Palm Desert location, but also the inside also feels roomier and a bit more modern.Β 

The menu is so large that it's almost overwhelming.Β 

I tend to choose between the meals under the menu's Eeny, Meany, Miny, and Mo sections, which offer a wide variety of breakfast options. If you're looking for something on the sweeter side, the churro waffle is not to be missed.Β 

Wilma & Frieda also has lunch options, like salads and sandwiches, but I always crave breakfast when I visit.

No trip there is complete without a bloody mary, but if you're trying to keep your meal alcohol-free, the jug of Diet Coke is a great alternative.

Norma's serves some of my favorite brunch foods, like blueberry pancakes and yogurt bowls.
yogurt and fruit bowl at Norma’s in palm springs
When I want to enjoy something lighter and healthier, I opt for the yogurt and fruit bowl at Norma’s.

Jamie Allison Sanders

Every brunch I've had at Norma's, a restaurant at the Parker Palm Springs, has been out of this world.

Before you even begin dining, you walk through the Parker, an exquisite, Jonathan Adler-designed hotel.

The unassuming restaurant entrance is located past the reception desk, and the restaurant has both interior and garden dining areas. I've eaten in both and love them.Β 

I love the menu, which has whimsical category names like "Mom Can't Make This," "Benny Sent Me," and "Eggs Cellent."Β 

The blueberry pancakes, doughnuts, and chilled yogurt with fresh fruit are must-tries. I also recommend adding pecans and macadamia-nut granola to the yogurt.

However, the potato pancake is the standout. The James Beard Award-winning recipe creates an almost deconstructed potato pancake alongside homemade cranberry-apple sauce and sweet-carrot payasam, an Indian pudding.Β 

You can also choose from a selection of classic brunch cocktails like mimosas, Bellinis, and bloody marys here. Every time I've eaten at Norma's, our server also gave us mini smoothies to kick off the meal.

This story was originally published on April 13, 2023, and most recently updated on April 11, 2025.

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Step aboard Royal Caribbean's Wonder of the Seas, a cruise ship so big it has 8 'neighborhoods' spread across 18 decks

The author took her first cruise on the largest cruise ship in the world, Wonder of the Seas.
The reporter took her first cruise on Royal Caribbean's Wonder of the Seas.

Joey Hadden/Business Insider

  • I sailed on Royal Caribbean's Wonder of the Seas, one of the largest cruise ships in the world.
  • It can hold up to 7,000 guests and has eight "neighborhoods" full of activities and amenities.
  • The ship was even bigger than I imagined. Here's a tour of the 18 decks and all the venues.

In April 2022, I took my first cruise on Royal Caribbean's Wonder of the Seas and it was bigger than I could even imagine. With 18 decks to wander, I felt like I was in a small town in the middle of the ocean.

Back then, Wonder of the Seas was the largest cruise ship in the world. Royal Caribbean's Icon of the Seas took over the title in January 2024.

Step aboard the Wonder of the Seas, complete with eight "neighborhoods" full of activities.

Sailing since March 2022, Wonder of the Seas is nearly 1,200 feet long and 210 feet wide with 18 decks. It can hold about 7,000 guests.
wonder of the seas ship docked on a cloudy day
Wonder of the Seas in Costa Maya, Mexico.

Joey Hadden/Business Insider

I spent seven nights in anΒ ocean-view stateroomΒ on deck eight for $2,000. The cruise was on sale, as it was originally priced at $3,000.

During my voyage, the ship sailed to RoatΓ‘n, Honduras; Cozumel and Costa Maya in Mexico; and Royal Caribbean's own private island in the Bahamas.

The enormous ship had eight communal areas, which Royal Caribbean called "neighborhoods." Each neighborhood had its own activities.

To get up and down the ship's many decks, there are 24 elevators taking guests to 16 of the 18 levels. The top two decks are accessible only for suite guests.
Looking down from the elevators on the world's largest cruise ship
A view of the elevators looking down from the 16th floor.

Joey Hadden/Business Insider

During my cruise, the elevators were packed during busy parts of the day, so I found it faster to take the stairs on either side of the elevators.

Decks seven, 10, and 11 hold only staterooms, but most decks have a combination of staterooms, restaurants, venues, and activities.
State room hallway on the world's largest cruise ship
A hallway of staterooms on Wonder of the Seas.

Joey Hadden/Insider

Decks two and three have boarding areas to enter and exit the ship. Deck three is the lowest deck with staterooms.

The main dining room spans levels three, four, and five.
Entrance to the main dining room on deck 3 of the world's largest cruise ship
The main dining room on board Wonder of the Seas.

Joey Hadden/Business Insider

Meals in the main dining rooms were included in the price of my ticket.

On deck four, you'll find Entertainment Place, a neighborhood with fun venues surrounded by framed art on display.
Art on display at the entrance to Studio B on deck four.
The entrance to Studio B on deck four.

Joey Hadden/Business Insider

One of the venues, Studio B, is used for shows and large-scale activities like ice skating and laser tag.

Down the hall from Studio B is the casino, where guests can gamble on a floor full of game tables and slot machines.

Entertainment Place also has a sushi restaurant, Izumi.
The entrance to a sushi restaurant
Izumi on board Wonder of the Seas.

Joey Hadden/Business Insider

While most shows were free, many restaurants like Izumi cost extra.

On deck five, there's a neighborhood called Royal Promenade, lined with restaurants, bars, and stores.
An indoor cruise ship deck with shops and restaurants
A view of the Royal Promenade on board Wonder of the Seas.

Joey Hadden/Business Insider

I thought the Royal Promenade felt like a mall.

A venue called the Royal Theater also hosts shows on decks four and five.

One of the bars in this area is Bionic Bar, where robots make drinks.
People stand in front of the bionic bar
The Bionic Bar on board Wonder of the Seas.

Joey Hadden/Business Insider

The Royal Promenade neighborhood also has two coffee shops β€” Starbucks and Cafe Promenade.

The Boardwalk is an outdoor neighborhood on deck six.
A carousel on a cruise ship
The carousel on Wonder of the Seas.

Joey Hadden/Business Insider

The Boardwalk deck caters to families with kids with a carousel, a candy store, and rock-climbing walls.

Here, you can get hot dogs, burgers, and fries.
A composite image of a hot dog restaurants and a burger restaurant on a cruise ship
Restaurants on the Boardwalk.

Joey Hadden/Business Insider

There are two restaurants on the Boardwalk: a hot dog stand, which is included for guests, and a Johnny Rockets, which has burgers and shakes for an added fee.

Across from the Boardwalk restaurants is Playmakers, a sports bar.

The Boardwalk ends at the Aquatheater.
An empty amphitheater  on a cruise ship
The Aquatheater on board Wonder of the Seas.

Joey Hadden/Business Insider

This is where Royal Caribbean hosts outdoor movies and a water show featuring dancers, divers, and acrobats.

At night, the boardwalk lights up for the show.

On the other side of deck six, Vitality at Sea is the spa and fitness center neighborhood.
Entrance to a Spa and Fitness center
Vitality at Sea on board Wonder of the Seas.

Joey Hadden/Business Insider

Just past the Vitality at Sea entrance is a cafΓ© before the spa area and gym, which was full of cardio and strength machines I've seen in most fitness centers.

From the fitness center, there's access to an indoor track.

Up on deck eight, there's another outdoor neighborhood, Central Park.
Empty central park on wonder of the seas cruise ship
Central Park on board Wonder of the Seas.

Joey Hadden/Business Insider

This deck is home to 20,000 plants, according to Royal Caribbean.

This lush neighborhood has many spaces to chill, including benches and outdoor couches. I thought it was the most relaxing area on the ship.

Central Park is home to three upscale restaurants.
a composite image of restaurants on deck 8 of wonder of the seas
Upscale restaurants in Central Park.

Joey Hadden/Business Insider

The restaurants are Chops Grille, 150 Central Park, and Giovanni's Italian. There's also Park Cafe, a casual eatery that is free for guests.

The Central Park deck also has two bars β€” Trelli's and Rising Tide, a moving bar that goes up and down floors five through eight.

The Youth Zone neighborhood is on deck 14.
And escape room entrance
The Youth Zone on board Wonder of the Seas.

Joey Hadden/Business Insider

The deck is a kids' area with an escape room.

Deck 15 is the pool deck.
A pool on a cruise ship
One of the pools on deck 15.

Joey Hadden/Business Insider

Three large pools made me feel like I was at the beach, with water coming up and around the lounging chairs.

The deck also has a handful of whirlpools, small plunge pools for relaxing, and a water playground called Splashaway Bay.

In the middle of the pool deck, Sprinkles has all-you-can-eat soft-serve ice cream with vanilla, chocolate, strawberry, and mixed flavors. It's included for guests.

Deck 15 also has the Solarium, an adults-only indoor lounge.
The Solarium onboard Wonder of the Seas.
The Solarium on board Wonder of the Seas.

Joey Hadden/Business Insider

The lounge has pools, a bar, a complimentary bistro, and stunning views.

Outside the Solarium, there's a bar called Vue with more ocean views.

Deck 15 is also home to Windjammer, a complimentary buffet serving breakfast, lunch, and dinner.
windjammer buffet on wonder of the seas.
Windjammer on board Wonder of the Seas.

Joey Hadden/Business Insider

The buffet served a wide range of food options, including everything from waffles and bacon to fried chicken and tacos.

Up on deck 16, there are more lounging areas and a big screen for outdoor movies.
And empty top deck on a cruise ship at sunrise
Deck 16 of Wonder of the Seas.

Joey Hadden/Business Insider

There are also covered casitas for lounging that guests may reserve.

Deck 16 is also where guests play games.
An empty mini golf course with a sea creature theme on a cruise ship
A mini-golf course on board Wonder of the Seas.

Joey Hadden/Business Insider

Up here, there's an indoor arcade, outdoor mini-golf, table tennis, basketball, water slides, and a stationary surf simulator.

The eighth neighborhood is the most exclusive β€” Suite Class Neighborhood.
wonder of the seas top deck with suites
The top decks of Wonder of the Seas.

Joey Hadden/Business Insider

Decks 17 and 18 are accessible only for guests with suites and include private pools and terraces.

The ship felt bigger than I imagined, especially since I'd never been on a cruise before.
View of a shore with boats in the water from a cruise ship
A view of passing ships at the port in Fort Lauderdale.

Joey Hadden/Business Insider

As we left the port to start our journey, I marveled at how the ships passing by looked like toy boats in comparison.

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A top PE firm explains why sports are 'remarkably resilient' amid economic instability — and the sector's 2 key weaknesses

Stephen Curry of the Golden State Warriors drives against Luka Doncic of the Los Angeles Lakers during a game.
Private equity firms like Arctos Partners have invested in sports teams like the NBA's Golden State Warriors.

Michael Owens/Getty Images

  • Sports teams and leagues have been relatively stable investments amid recent economic uncertainty.
  • Arctos Insights, the research arm of a top PE firm in sports, outlined why the sector is resilient.
  • The firm also shared key risks for the sector in a global trade war.

Sports franchises may be safe from some of the worst effects of the economic turmoil, new investor research suggests.

President Donald Trump's tariff policy incited investor panic and sent markets on a roller coaster this month.

But sports have proven relatively resilient to outside chaos during recent market downturns, Arctos Insights, the research and content arm of private-equity firm Arctos Partners, outlined in a note shared with Business Insider. The firm expects the industry to remain a relatively stable area for investment.

"Sports franchises have proven to be remarkably resilient assets during periods of economic instability," Arctos Insights wrote in a research summary. "While trade wars and macro volatility will likely disrupt many sectors of the economy, North America's professional sports franchises will likely emerge largely unscathed."

Arctos Partners has invested in sports teams, including the Golden State Warriors, Tampa Bay Lightning, and Los Angeles Dodgers.

Arctos Insights wrote that loyal fans, revenue from long-term media deals, and fixed costs have helped sports franchises remain relatively stable.

There are still potential risks. The National Hockey League and the National Basketball Association have franchises based in Canada, which could pose exchange rate issues. The tariffs could also affect stadium construction as the cost of steel and other raw materials goes up.

Tariffs also slashed the value of sports stocks by $318 billion in a week, roughly 10% of the sector's value, Sportico reported Wednesday. Companies like Under Armour and Nike, which produce apparel outside the US, were some of the hardest-hit sports companies.

But, some investors have continued flocking to sports teams and leagues in recent times of uncertainty.

"Over the past three market cyclesβ€”including the Tech Bubble, the Global Recession, and the COVID-19 shockβ€”sports franchise valuations have not only held firm but in many cases appreciated," Arctos Insights wrote.

Fixed costs, media rights revenue, and fan engagement help keep sports stable

One of the biggest reasons sports could be relatively insulated from the impact of the trade wars is that its supply chain β€” namely its players β€” is largely US-based, according to Arctos Insights. Player salaries, which typically represent about 45% to 50% of revenue, aren't subject to tariffs and are fixed per their respective collective bargaining agreements.

"Beyond athlete compensation, franchise operations rely heavily on local human capital β€” executives, coaches, marketing teams, and stadium staff β€” whose wages are unaffected by trade policy," said the note.

Media rights deals between leagues and broadcast companies, apparel deals, and stadium naming rights run for years at a time, with some lasting decades. The revenue these deals generate helps build up sports' resilience to market instability because they may not need to be renegotiated for a while.

The NFL and NBA, for example, have media deals that run into the 2030s, though some sports organizations like the Ultimate Fighting Championship are looking to renew their media contracts this year.

Additionally, sports teams can lean on fans during hard times. While the rising cost of consumer goods could hit consumer's wallets and make them wary of spending on tickets to a game, history suggests the impact won't be alarming. Arctos Insights found that the Big Four sports leagues β€” NFL, NBA, NHL, and MLBΒ β€” experienced "marginal declines in attendance" during the 2008 financial crisis.

Risks of a global trade war could affect money and stadium development

Still, there are risks for some corners of the industry, such as Canadian teams within US-based leagues. The NHL, for example, has several teams in Canada. Those teams tend to generate a lot of revenue in Canadian dollars but pay expenses like player salaries in US dollars. Arctos Insights said there could be potential issues with exchange rates tied to a global trade war.

Construction for new arenas and stadiums could also face challenges. According to Arctos Insights, roughly one-third of the cost of a new stadium goes toward raw materials. Though Arctos said recent US stadium projects, such as SoFi Stadium in Los Angeles and Allegiant Stadium in Las Vegas, relied largely on domestically sourced materials. Still, projects in the planning phases could face supply-chain issues depending on the tariff situation.

Stadium development and upgrades have been big draws for some PE firms investing in sports franchises. While stadiums and arenas are largely used by the professional teams that call them home, these investors see an opportunity to expand events like concerts as alternative ways to grow revenue.

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A sports nutritionist shared 5 tips for eating enough protein to build muscle

Morgan Walker; a pink smoothie on a pink background
Protein smoothies are a great way to incrementally get more protein throughout the day.

Morgan Walker/ Kseniya Ovchinnikova/Getty Images

  • Eating enough protein is important for muscle development and your overall health.
  • Protein is also more filling than other foods, which can make it hard to eat a lot of.
  • Making high-protein swaps and splitting meals into snacks can help you hit your targets.

I calculated my recommended protein intake, as someone who works out and wants to build muscle. I needed a minimum of 53 grams of protein a day, but closer to 114 grams if I really wanted to make gains.

But hitting that isn't so easy. On a typical day, my morning oatmeal is 5-6 grams of protein, my lunch salad or grain bowl is a measly 10-15 grams, and my salmon fillet dinner is 25 grams β€” just 40-45 grams of protein total.

Morgan Walker, a sports nutritionist at Lebanon Valley College, said this is a common occurrence.

For one, high-protein foods fill you up faster because they're structurally more complex than most nutrients. Protein needs additional enzymes to be broken down in the body, Walker told Business Insider. When we consume protein, hormones are released that "help to promote satiety, too," she said.

A man wearing headphones and working out on a bike at a gym.
Endurance training can sometimes lead to appetite loss.

Juan Algar/Getty Images

Additionally, if you work out a lot, you might even lose your appetite. "Exercise itself can be appetite-suppressant for a lot of individuals, especially high-intensity exercise and endurance-type training," Walker said, due to anti-hunger molecules that form in the body.

Ironically, very active people who need to eat more protein for muscle repair may struggle to get adequate amounts of protein in their diets.

Walker shared a few ways to eat enough protein if you feel too full to even think about another hard-boiled egg.

Use versatile ingredients like cottage cheese and Greek yogurt

Roasted eggplant topped with Greek yogurt and pomegranate seed.
Greek yogurt can easily be used in sauces and condiments.

ClarkandCompany/Getty Images/iStockphoto

Walker is a "big fan" of cottage cheese and Greek yogurt, which are complete protein sources and easy to snack on, such as Greek yogurt with honey and berries or cottage cheese on toast.

They both have more amino acids than lower-protein foods, which help muscle-building by repairing and growing new muscle fibers.

You can also use them as protein boosters in other meals. Cottage cheese, at about 200 calories and 23-28 grams of protein per cup, can be blended into pasta sauce or eggs. Greek yogurt, with similar levels of protein and caloric content, can be used in smoothies, dips, or condiments.

Make easy protein swaps

A pot and ladle of bone broth.
Cooking grains in bone broth instead of water can add extra protein.

RUSS ROHDE/Getty Images/Image Source

A balanced diet isn't all protein β€” you also need fiber and carbohydrates. Fitting all of that in can be tough, though.

Walker recommended protein swaps to get more protein and other nutrients, such as using farro or quinoa as a base instead of rice. You can also replace regular pasta with higher-protein versions that use lentils or chickpeas.

If you're cooking grains and want to sprinkle in some extra protein, Walker said you can also boil them in bone broth, which contains 9 to 11 grams of protein per cup.

Break your meals up into snacks

A person stirring yogurt with fruit
Smaller meals like yogurt with fruit and granola can be easier to digest.

alvarez/Getty Images

If fitting in three big, protein-heavy meals a day just isn't working for you, there's good news: snacking might be better for you in the long run, anyway.

"Consistent protein intake throughout the day is very beneficial for promoting muscle-protein synthesis," Walker said.

Breaking big meals down into smaller and more frequent protein-rich snacks also makes it easier to get more protein without stuffing yourself. In the long run, consistent protein intake is more important than chugging a huge protein shake after a workout.

Walker loves Greek yogurt, string cheese, hard-boiled eggs, turkey jerky, shelled edamame, nuts, and smoothies to graze on throughout the day.

Divvy up your protein powder

A hand adds a scoop of protein powder to milk.
You can opt for partial scoops of protein powder throughout the day.

Gingagi/Getty Images

Protein-packed liquids, such as smoothies and shakes with protein powder, are usually less filling than big meals.

Still, not all protein drinks are the same. Walker said ready-to-drink shakes, which can pack 20-30 grams of protein per bottle, tend to be more filling. If they're too difficult to chug, she suggested incorporating protein powder in drinks and meals throughout the day, rather than all at once.

"Maybe it's scooping a little bit of the protein powder and mixing it into a yogurt, smoothie, or oatmeal," she said. If one scoop is 30 grams of protein, you can have 15 grams in your breakfast and 15 grams in a post-workout shake.

Add variety

A sheet pan with salmon, tomatoes, asparagus, lemon, shallots, garlic, and herbs.
Sheet pan dinners are easy and very customizable.

gbh007/Getty Images

Some active people assume gains require culinary sacrifice, subjecting themselves to the same clichΓ© gym bro meal of chicken breasts, brown rice, and broccoli every night.

"I have a lot of clients who will eat very similar meals and even though they're extremely well-balanced, they're not getting a lot of variety," Walker said. Not only is variety important for gut health; it also keeps you from getting bored.

Walker said sheet pan dinners are an easy and versatile way to change up your main protein source, like chicken or fish, as well as your vegetables and seasonings. You can also use Greek yogurt or cottage cheese to create a high-protein sauce.

Fitting in enough daily protein, especially if you're strength-training, can take some creativity.

Read the original article on Business Insider

For the first time in 10 years, I'm not going to Coachella. The festival has lost a lot of what made me love it so much.

A Coachella billboard peeling off
For the first time in a decade, I'm not going to Coachella this year.

dmitriymoroz/Getty, Jordan Lye/Getty, Tyler Le/BI

  • I'm not going to Coachella this year for the first time in a decade.
  • Over the years, I've seen some big changes at the festival β€” for better and worse.
  • In my opinion, getting a ticket nowadays feels like just another influencer rite of passage.

Every April since 2015, I've packed my bags and headed to the California desert for three days of music, heat, and unforgettable memories.

I'd dreamed about going to Coachella long before I ever stepped foot on the festival grounds, and can still remember watching the official livestream from my bedroom in high school.

When I finally made it there, I felt as though I was stepping into a dream β€” the energy, the setting, and the performances were unlike anything I'd ever experienced.

I've also been fortunate enough to attend Coachella with various types of passes β€” General Admission, VIP, Press, and Artist β€” giving me a unique perspective on the festival's many worlds.

Over the years, though, I've seen some big changes at Coachella, for better and worse. So, when tickets went on sale earlier this year, I didn't feel a pull to return to the desert like I always had.

Although the lineup was packed with great talent, I knew I wouldn't get the same organic feeling I used to when I first started attending the festival.

So, for the first time in a decade, I'm skipping Coachella.

The festival had always felt like an escape for me

Ulanna poses in front of a Coachella tent that says "Harry's House" on a sunny day.
Coachella was always my favorite part of the year.

Ulanna Bento

Over the years, I got to experience "wow" moments, like seeing BeyoncΓ©'s legendary 2018 set (now known as "Beychella"), watching my favorite bands play at sunset with the iconic Ferris wheel in the background, and witnessing surprise performances from icons like Rihanna β€” who I once found myself dancing next to in the crowd.

I loved being surrounded by like-minded music fans who were excited to see their favorite artists perform and discover up-and-coming talent.

No matter where I was β€” in the pit, backstage, or on the grass β€” it felt like Coachella had a way of bringing everyone together. That spirit of serendipity is part of what made it feel so special in the first place.

However, the festival vibe seemed to change over time

A woman poses for cameras at Coachella.
In recent years, it felt like influencers were everywhere.

Ulanna Bento

When I started attending the festival in 2015, Instagram was still a relatively new app and TikTok hadn't launched yet.

Although there were definitely influencers and celebrities trying to get the picture-perfect shot back then, not everyone was a content creator. Nowadays, though, the TikTok algorithm makes it easy for "normal" people to go viral.

In my experience, the increasing popularity of social-media apps shifted the festival's energy from raw and unfiltered to curated and performative.

In the past few years of attending the festival, I witnessed more and more people using the festival to create content β€” many of them didn't seem to be at Coachella for the music at all. I still remember watching a group dance to a live set while filming a video and immediately stop once they were no longer recording.

Soon, I felt like I couldn't walk around the festival grounds without photobombing a brand shoot or watching someone try to curate the perfect Instagram moment.

I noticed more attendees choosing heels and complicated outfits that might land them on the Coachella best-dressed list but probably wouldn't fare well or be comfortable after a long day of standing in the sandy desert.

Over time, attending became less about presence and more about presentation. Coachella used to feel like a secret world shared among music lovers and free spirits. Now, getting a ticket feels like just another influencer rite of passage.

Content is packaged, filtered, and posted before the beat drops. Although I know I'll feel a little FOMO when the posts start rolling in this year, I'm OK with that.

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Warren Buffett's company just raised $628 million selling samurai bonds as Trump's tariffs rocked markets

warren buffett
Berkshire Hathaway CEO Warren Buffett just made another counterintuitive move.

Reuters/Shannon Stapleton

  • Warren Buffett's Berkshire Hathaway issued $628 million of so-called samurai bonds on Friday.
  • Several Japanese companies postponed similar bond sales as Trump's tariffs rocked markets.
  • Strategist Larry McDonald suggested Buffett was raising fresh funds to go on an epic buying spree.

Warren Buffett's Berkshire Hathaway sold yen-denominated debt worth $628 million on Friday, even as Japanese companies delayed bond issues amid roiling markets and a burgeoning trade war.

The famed investor's conglomerate issued six tranches of bonds ranging from three to 30 years, and offered higher premiums than its last yen note issue in October, per a term sheet viewed by Reuters.

Beverage makers Asahi and Suntory and Cup Noodle owner Nissin Foods postponed yen-bond issues they had planned for this week as President Donald Trump's sweeping tariffs and threats of retaliatory duties tanked stocks and rattled bond markets worldwide.

Buffett, famous for keeping his cool when others panic, forged ahead.

The Berkshire CEO nearly doubled his company's stash of cash and Treasurys to more than $320 billion last year, as he pared key holdings such as Apple and Bank of America and halted stock buybacks. This latest fundraising fueled fresh speculation on social media that the bargain hunter is preparing to pounce as stock prices reel.

"Just wow," Larry McDonald, the author of "The Bear Traps Report" and former head of US macro strategy at SociΓ©tΓ© GΓ©nΓ©rale, posted on X. "Buffett is loaded with cash and he's reaching into the margin account (borrowing) in yen. Next 12 months - he's going to buy this puke festival with both hands."

Betting on Japan

Berkshire has been issuing so-called samurai bonds since 2019 to finance its investments in five Japanese trading houses: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. Friday's yen deal was its smallest so far, which could reflect limited investor appetite given all the market turmoil.

Buffett's company raised its stakes in the five largest "sogo shosha" in March, after he disclosed in his annual shareholder letter in February that the quintet had agreed to let Berkshire increase its ownership of each of them to more than 10%.

The billionaire investor wrote that he and his team originally piled in because they were "amazed" at the companies' cheap valuations.

Buffett also praised their use of capital, quality of management, and shareholder-friendly policies. He pointed to their responsible stock buybacks and dividend increases, and their more modest executive compensation compared to US counterparts.

The famously long-term investor said he expected his planned successor Greg Abel and Abel's successors to keep Berkshire invested in the five companies for "many decades" to come. He also boasted that Berkshire had spent $13.8 billion on the positions, which were worth $23.5 billion, or 70%, more at the end of 2024.

Moreover, Buffett said the five bets were poised to yield $812 million in dividends this year, dwarfing the $135 million of interest on yen bonds that Berkshire expected to pay.

'Like having God just opening a chest'

Buffett's late business partner, Charlie Munger, sang the Japan bet's praises on a podcast in 2023.

"If you're as smart as Warren Buffett, maybe two, three times a century, you get an idea like that," he said. "It was like having God just opening a chest and just pouring money into it."

Munger explained that Berkshire was able to borrow money for 10 years at 0.5% a year and use it to purchase stocks yielding roughly 5% in dividends annually, a type of investment known as a carry trade.

Shares of all five Japanese trading houses have fallen this year with Mitsubishi down about 5%, Marubeni and Sumitomo down about 7%, Itochu down 16%, and Mitsui down 20%. They now trade close to where they did early last year, which could make them appealing targets to an investor with deep pockets and a love for deals.

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10 of the most exclusive golf clubs in the world — and how to get in

Augusta National Golf Club "Members Only" sign.
Augusta National Golf Club "Members Only" sign.

Andrew Redington/Staff/Getty Images

  • The 2025 Masters Tournament is underway in Georgia.
  • The tournament is held at Augusta National, one of the most exclusive golf clubs in the world.
  • These clubs are known for years-long waitlists, expensive fees, and high-profile clientele.

Take a look at almost any billionaire's social calendar this weekend, and you'll likely see one thing: The Masters.

The prestigious golf tournament, which teed off Thursday and concludes Sunday, is held each year in Augusta, Georgia, at the Augusta National Golf Club.

"There's a huge amount of very exclusive clubs all over the world β€” I would say that Augusta National is the most famous one," Barnabas Carrega, CEO of luxury travel and planning firm GR8 Experience, told Business Insider last year.

At Augusta, the best golfers in the world compete to win the coveted green jacket bestowed only to tournament winners and club members and to etch their name into a rich sports history.

In 2024, the honor went to American Scottie Scheffler, who is eyeing a back-to-back win this year.

With past Masters attendees ranging from Nike cofounder Phil Knight to Microsoft cofounder Bill Gates, the event is an annual reminder of the wealth ingrained in golf's history and the culture of exclusivity it breeds in the most elite clubs.

"I think that there's two different ways to look at why a club is exclusive and one of them is the quality of the golf course. Sometimes, the golf course has so much history behind it that the club becomes extremely exclusive by default because of the importance of the golf course," said Carrega.

"And then other times it's just the place, the service, the level of facilities, and what they've built around the golf experience," he added.

Regardless of how they achieved their exclusivity, such clubs are almost impossible to join. They require special connections, patience, and plenty of money for a chance at acceptance.

Here's a peek at 10 of the most exclusive golf clubs in the world.

Augusta National Golf Club is the home of the Masters.
Tiger Woods leaves the course to enter the Clubhouse after practicing a few holes with Rob McNamara and caddie Lance Bennett prior to the 2024 Masters Tournament at Augusta National Golf Club.
Tiger Woods headed towards the clubhouse at Augusta National after practicing a few holes ahead of the 2024 Masters.

Andrew Redington/Getty Images

The esteemed club, founded and co-designed by legendary golfer and Grand Slam winner Bobby Jones, opened for play in 1932, though women were not allowed to join until August 2012.

One of the highlights of the course is its extensive flora. Per Golf Monthly, Augusta has an estimated 80,000 plants from over 350 varieties, and each hole is named for a corresponding plant. This weekend, pros like Dustin Johnson and Fred Couples will test their skills on holes like Magnolia, Juniper, Azalea, and Holly in pursuit of tournament victory.

And if you're interested in playing this famed course someday, you'll have to get in line. Most memberships are inherited from one of the club's existing 300 or so members, but you could attend as one of their guests. You could also play as a guest of a Masters champion.

If these options sound a little too unrealistic, there is one other way to gain access: volunteering at the Masters. As to be expected, there's a waitlist, but if you volunteer for the full week, you'll be invited to an "Appreciation Day" in May to play a round of golf, per Golf.com. Keep that in mind for next year.

In 2028, Winged Foot Golf Club will host the US Open for the seventh time.
Hideki Matsuyama of Japan and Patrick Reed of the US walked off the ninth tee at Winged Foot Golf Club in Mamaroneck, New York, at the 2020 Open.
Bryson DeChambeau celebrates winning the 2020 US Open Championship at Winged Foot Golf Club.

Jamie Squire/Getty Images

The Mamaroneck, New York, club's East and West courses were ranked on Golf.com's Top 100 Courses in the World of 2023-2024, with the West ranking 29th and the East ranking 80th, so it's no surprise that Winged Foot would be a top choice for the US Open.

"Winged Foot has provided the backdrop for some of the most dramatic moments in the history of our sport, with many of golf's legendary champions being crowned on the club's iconic West Course," said John Bodenhamer, USGA chief championships officer, in a press release in 2023, per Golf Digest.

In 2020, Golf.com reported that the Winged Foot Golf Club's waitlist was "supposedly a decade long," and initiation fees are believed to be well above $100,000, so instead of joining, you may just want to think ahead and purchase those 2028 tickets.

The Royal and Ancient Golf Club of St. Andrews is known as the "Home of Golf."
The Royal and Ancient Golf Club of St. Andrews 18th hole and clubhouse.
The Royal and Ancient Golf Club of St. Andrews 18th hole and clubhouse.

Reimar/Shutterstock

Founded in 1754, The Old Course at St. Andrews in Fife, Scotland, is one of the oldest golf courses in the world and home to The Open Championship, the oldest and one of the most prestigious tournaments of the season.

While you can take a walking tour of the course between March and November, the clubhouse is usually only accessible to its 2,500 members. However, once a year on November 30, which is also known as St. Andrews Day, part of it is opened to the public for tours, Golf Digest reported.

St. Andrews is notoriously exclusive, allowing its first female members in 2015. Golf.com reported that the multi-step membership process includes an invitation from a current member, an application, and letters of recommendation β€” and this doesn't even guarantee admission, as it can take years to get through the waitlist, and applications can be outright denied.

The Carnegie Club at Skibo Castle in Scotland offers lessons with PGA professionals.
Skibo Castle.
Skibo Castle in Scotland.

Jon Furniss/Contributor/WireImage

Barnabas Carrega, CEO of the Gr8 Experience, a luxury travel firm specializing in exclusive experiences, told BI that visiting Skibo is "one of the most incredible experiences" he's ever seen from a country club in terms of level of service, privacy, and exclusivity, describing it as "an immense club."

Per the Carnegie Club's website, the golf course Carnegie Links, "is ideal for both beginners finding their feet on the greens and more accomplished players looking to perfect their swing. Lessons can be booked with our resident PGA professionals."

In 2019, Michael Jordan opened his exclusive golf club, The Grove XXIII.
Michael Jordan golfing at the ARIA Resort & Casino's 13th Annual Michael Jordan Celebrity Invitational at Shadow Creek in 2014.
Michael Jordan golfing at the ARIA Resort & Casino's 13th Annual Michael Jordan Celebrity Invitational at Shadow Creek in 2014.

Isaac Brekken/Stringer/Getty Images for Michael Jordan Celebrity Invitational

Business Insider reported in 2021 that Michael Jordan's exclusive golf course in Hobe Sound, Florida, has fewer than 80 members. Some famous names allowed in include former president Barack Obama, former tennis player John McEnroe, and current pros Rickie Fowler and Dustin Johnson.

As you can probably guess, you'd either need to know Jordan β€” or he'd want to get to know you β€” for you to get an invite to this ultra-exclusive club.

"Michael Jordan is a huge fan of golf, and even when he was playing for the Chicago Bulls, apparently, in between games, he would go and play golf," said Carrega. "So he's always been very into the sport."

Jordan even hosts an exclusive tournament, gifting winner Keegan Bradley a $4,000 bottle of his tequila, Cincoro Extra AΓ±ejo, in 2023.

Shinnecock Hills was founded in 1891, making it one of the oldest golf clubs in the US.
Brooks Koepka during the final round of the US Open in 2018 at Shinnecock Hills.
Brooks Koepka during the final round of the US Open in 2018 at Shinnecock Hills.

Erick W. Rasco/Contributor/Sports Illustrated via Getty Images

Another club with high levels of exclusivity is Shinnecock Hills in Southampton, New York. The club will host both the US Open and the US Women's Open in 2036, per Golf.com.

As one of the five founding clubs of the US Golf Association, its history dates back to 1891, which might help explain some of its strict rules.

For example, Shinnecock doesn't allow any cell phones or communication devices to be used or displayed in the clubhouse or on club grounds (except in the telephone room or cars in the parking lot), everyone's shirts must be worn tucked in, and no gratuity may be paid to employees, per the club's Guest Information page.

To play here, you'll need a signature from an accompanying member β€” no exceptions, sorry.

Cypress Point Golf Club in Pebble Beach, California, reportedly has a seven-year-long waitlist.
Cypress Point Golf Club pictured in 1997.
Cypress Point Golf Club pictured in 1997.

David Madison/Contributor/Getty Images

In 2019, Cypress Point was named one of Golf.com's most exclusive golf clubs in the world. To quote entertainer and comedian Bob Hope, "One year, they had a big membership drive at Cypress. They drove out 40 members."

Business Insider reported that Cypress has only about 250 members, with Golf Addict noting that the clientele is primarily "prominent politicians, businessmen, and movie stars," who split the course's fees equally, no matter how much they actually golf.

You'll need over $1 million to join Shell Bay Club in Hallandale Beach, Florida.
Aerial view and rendering of the golf course and facilities next to the ocean.
A rendering of the Shell Bay Club.

Shell Bay Club

Where does one begin with Shell Bay? Perhaps you'll start your day at the yacht club, practice your forehand on the Grand Slam-quality tennis courts, and then play a few holes on the Greg Norman-designed golf course. Or maybe you'll just spend the day at the spa.

The possibilities are grand at the Shell Bay Club β€” if you've got $1.35 million lying around for fun.

"Basically, all the members are millionaires or billionaires," Carrega said, adding that members include "the captains of industry and the most important of the people in Florida."

In addition to the private club, Shell Bay also has residences with amenities that include a sunset cocktail terrace, an orchid garden, and a private wine-tasting room with secure wine drawers.

Japan's Hirono Golf Club requires attendees to adhere to a strict dress code.
Hirono Golf Club pictured in 2004.
Hirono Golf Club pictured in 2004.

David Cannon/Contributor/Getty Images

Also featured on Golf.com's most exclusive golf clubs in the world in 2019, Hirono Golf Club in Kobe, Japan, has a reputation for being especially private; the last professional tournament played there was the 70th Japan Open Golf Championship in 2005.

While most golf courses are known for having dress codes, some of Hirono's rules are incredibly specific.

Per the club's website, guidelines for playing attire include no clothing with "showy colors or patterns" like red or camouflage, no mock-neck shirts, no shirts without collars and sleeves, no ankle socks, and no clothing or hats "designed with conspicuous advertising intentions."

Only members and their guests are allowed access to Hirono, and both parties are held to the same high standards, with the club noting that members are "fully responsible for the conduct of the visitor," who should be fully informed on the rules and course etiquette before arrival.

Pine Valley Golf Club has been ranked the No. 1 golf course in the US every year since 2017.
1985 Walker Cup at Pine Valley Golf Club.
1985 Walker Cup at Pine Valley Golf Club.

John Kelly/Contributor/Getty Images

Founded in 1913, Pine Valley Golf Club in New Jersey has been ranked the No. 1 golf course in the state every year since 1985 and the No. 1 golf course in the country every year since 2017, per Golf Digest.

The club is famously invite-only and, until 2021, only allowed women to play as guests on Sunday afternoons.

"The future of golf must move toward inclusion, and I am pleased to report that the Trustees and members of the Pine Valley Golf Club have voted unanimously and with enthusiasm to remove all gender-specific language from our bylaws," club president Jim Davis wrote in an email to members obtained by Golf Digest in 2021.

Pine Valley has only held one elite professional event in its history, further emphasizing its interest in privacy. However, the club will break tradition in 2034 to host the Curtis Cup, a biennial match where the top female American amateurs compete against the best from Great Britain and Ireland.

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Gold is a better bet than Treasurys to weather the market storm, says BlackRock strategist

Gold bars
Gold hit $3,200 an ounce for the first time.

Michael Dalder/Reuters

  • Gold prices hit $3,200 for the first time on Friday.
  • Trump's tariffs and China's retaliatory action have roiled global markets.
  • A BlackRock strategist said gold was a better hedge than Treasury bills amid the market turmoil.

Gold hit another record high above $3,200 on Friday β€” and is a better way to protect against the ongoing market turmoil than Treasury bills, a BlackRock executive said.

Wei Li, global chief investment strategist at the asset manager, wrote in a LinkedIn post on Thursday that higher exchange rates and "currency down" were abnormal.

"Also not normal β€” risk off, #dollar and Treasuries down. I will keep saying it: #gold is a better diversifier than Treasuries in this environment of high debt."

Fears over the longer-term effects of President Donald Trump's trade tariffs have triggered an aggressive sell-off of US bonds. Yields have continued to rise this week, with the 10-year Treasury yield up almost 4.4% on Friday.

Treasurys have traditionally been considered one of the safest investments available, but that perception may be starting to change.

The dollar has also suffered amid the turmoil, hitting a three-year low against the euro and a 10-year low against the Swiss franc.

"In this new regime characterized by 1/ #inflationary pressure and 2/ high #debt, gold has been and could continue to be a better diversifier than long-duration Treasuries," Li wrote in an earlier LinkedIn post.

Last month gold broke through the $3,000 level for the first time. In the days following Trump's tariff announcement on April 2, the metal went as high as about $3,150 before retreating.

Gold has since regained momentum as investors seek out safe-haven assets, which typically maintain or increase their value during market turbulence.

In a Friday note, UBS analysts raised their 2025 gold price target to $3,500, citing "escalating tariff uncertainty, weaker growth, higher inflation and lingering geopolitical risks."

"Gold seems to be unfazed by higher US yields," they wrote, adding that the metal has stood out this year compared with other safe havens including Treasurys, the franc, and the yen.

Analysts at Bank of America also have a price target of $3,500 for gold.

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BlackRock's Larry Fink has a global and 'optimistic' worldview even as Trump upends international trade

Larry Fink
BlackRock CEO Larry Fink is still optimistic.

REUTERS/Jason Reed

  • BlackRock, now managing $11.6 trillion, has more employees outside the US than in its home country.
  • On the firm's first-quarter earnings call, CEO Larry Fink stressed its global reach.
  • "We are Mexican in Mexico, Canadian in Canada," Fink told analysts.

BlackRock's first client 37 years ago was Japanese. A majority of the $11. 6 trillion New York-based firm's employees are based internationally. The manager's risk platform Aladdin just signed its first Korean client.

There are even plans to open a few more offices outside the US where the world's largest asset manager has a client base, CEO Larry Fink said Friday morning.

"BlackRock is a global firm, but one that operates hyper-locally," he said.

In practice, this means "we are Mexican in Mexico, Canadian in Canada," among other countries and nationalities, Fink said.

It was a notable remark from the world's largest asset manager, which held its first-quarter earnings call Friday morning as the financial world struggles to digest the ramifications of President Donald Trump's tariff policies. Though the tariffs have been put on pause for most countries, though notably not China, Fink said that "in the short run, we have an economy at risk."

This follows his talk Monday at the Economic Club of New York when Fink said that most of the CEOs he is talking to "would say we are probably in a recession right now." In the firm's earnings release, the current market environment is compared to "large, structural shifts" that occurred during the financial crisis and COVID-19.

Despite the dire immediate backdrop, Fink said his firm leads with "optimism." The large macro trends β€” such as artificial intelligence and infrastructure spending that BlackRock has focused on for the next wave of its growth β€” "are still around," he said, and that the manager has a "growth mindset."

Over recent weeks, BlackRock has had thousands of client conversations, Fink said, and there's still a significant appetite for infrastructure investing. He said BlackRock preaches long-term solutions, not moves to address "the next tweet."

He said the public market chaos is expected to attract more assets to private markets, a shift the firm is embracing.

Still, the tariffs β€” which Fink said "went beyond anything I could have imagined" β€” cannot be ignored as simply short-term noise. BlackRock's European ETF line surpassed $1 trillion in assets for the first time last quarter, thanks to investors leaving the US. Retirement and college savings are hit by such severe dips in stock markets.

"This isn't Wall Street versus Main Street," Fink said in his prepared remarks to start the call.

His closing advice (or wish): "Have a calm second quarter."

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