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Snapchat CEO Evan Spiegel and supermodel Miranda Kerr are rumored to get married this weekend: Here's how he won her over in a year (FB)

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Evan Spiegel Miranda Kerr

There may be wedding bells in the air for LA's newest power couple. 

After hints that supermodel Miranda Kerr would get married to Snapchat CEO Evan Spiegel in May, the New York Post's Page Six reports that two will wed in a small ceremony of around 30 people at their LA home over Memorial Day weekend.

The Australian supermodel started dating the 26-year-old CEO nearly two years ago and a whirlwind romance followed, which lead to their engagement last year.

Here's how the two powerful stars fell so quickly for each other:

SEE ALSO: 10 important things Evan Spiegel said on Snap's first ever earnings call

The power couple first met at a dinner for Louis Vuitton in Los Angeles and became friends. 'We were really good friends for a long time before we started dating,' Kerr told The Sydney Morning Herald.

Source



In 2007, Kerr was the first Australian to become a Victoria's Secret Angel and was among the world's highest-paid models. Now she's working on creative projects like jewelry lines and just launched a handbag collection in Asia.



The 33-year-old Kerr was once married to Orlando Bloom and had a son, Flynn. Spiegel had to wait at least six months to meet him, per Kerr and Bloom's rules, but 'things are going well,' Kerr said. 'We're just a modern family now.'

Source: The Edit



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The 50 best places in the US to travel this summer

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Ocean City Maryland Boardwalk

The INSIDER Summary:

  • Summer is here! Time to take a vacation.
  • TripAdvisor calculated the top 50 summer destinations in the US.
  • The East Coast dominates the list with New Jersey and New York in the top three spots.

Summer is finally here!

If you're not sure where you want to spend your summer vacation, we've got you covered.

TripAdvisor, the travel planning and booking site, determined the top 50 travel destinations in the US in its 2017 Summer Vacation Value Report. These are the places with the greatest increase in seasonal bookings this year, and the spots where people most want to spend their lazy summer days.

Here are America's top 50 summer hot spots.

50. Avalon, California

Average week-long expense per person: $2,415



49. Salt Lake City, Utah

Average week-long expense per person: $1,730



48. Denver, Colorado

Average week-long expense per person: $2,083



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The 8 most pet-friendly destinations in the US

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dogThe INSIDER Summary:

  • Have your pet travel the world right alongside you.
  • When planning your next stop for you and your companion, check out places like Austin, Texas and Miami, Florida.

There's a reason dogs are considered a man's best friend. The loyal, playful pooches are the embodiment of unconditional love, whether they simply want to snuggle on a lap or play fetch for hours. So it's no surprise that many Americans factor in their pet's comfort when deciding where to travel or move. If you fall into that category, you've come to the right place. We've rounded up the best pet-friendly destinations in the U.S., based on outdoor spaces for Fido to run, the number of restaurants and businesses that allow dogs, and overall comfort level due to weather and apartment or home space to move around. Head to one of these eight destinations with your furry friend and you won't have to worry about whether they'll have a good time. 

 

1. San Diego, California

For pups that need outdoor playtime every day, San Diego's consistently beautiful weather makes it easy to play fetch and go for a walk throughout the year. There are around a dozen leash-free parks available, plus off-leash beaches -- Dog Beach and Fiesta Island -- so you can enjoy the sand and surf with your pup. The city also offers roughly 200 restaurants and bars with pet-friendly policies, so no need to leave your dog at home or the hotel when getting grub. 



2. Austin, Texas

Offering mostly warm weather year-round, lots of off-leash green space, and even dog-friendly yoga classes, Austin is an ideal city for pooches. The central Lady Bird Lake trail, Zilker Park, and Barton Creek Greenbelt all allow dogs, plus there are 12 off-leash dog parks scattered around the city. Numerous restaurants and bars allow pups inside, including hip bars on Rainey Street, tasty eateries along South Congress, and lakeside coffee shops. And if you really want to spoil your furry friend, head to Woof Gang Bakery, where they can get dog-friendly cupcakes after grooming. 



3. Portland, Oregon

Portland, Oregon is a great city for active people who love the outdoors -- and dogs with the same predilection. There are 33 off-leash areas -- both fenced and unfenced -- for dogs to run about, including Sellwood Riverfront Park and Mt. Tabor. In 2016, it clocked in at having the highest number of dog parks per capita, with 5.4 parks per hundred thousand Portland residents, so finding a spot to run wild is never too far. Several dog-friendly hiking trails and food cart pods continue the offerings, as well as dozens of eateries with space for pets. And since this is Portland, breweries and beer halls can be enjoyed with your furry pal, too.



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17 ridiculous apps we can't believe exist

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Ridiculous smartphone apps

Apps are arguably one of the best perks of having a smartphone. They can make life easier, better, and a lot more fun.

However, with more than five million apps available right now in the App Store and Google Play combined, there are bound to be some duds.

So naturally, INSIDER set out to find them. Here are 17 truly ridiculous apps that we can't believe you can still download.

For $0.99, "the most advanced Hands Cooler in the App Store" can be yours.

I guess you could buy this if you like falling asleep to the sound of a fan running. But why would you when there are other free alternatives?

Download it on iOS for $0.99



Buy Harmonica, pop your iPhone in your mouth, and impress no one with annoying harmonica sounds.

This app was one of iTunes' Top 10 Paid Music Apps of 2008 — which, let's be real, sounds about right for 2008.

Download it on iOS for $0.99



If you really love sticking your phone in your mouth, you should also download Lick the Icicle.

Just kidding. This app actually substitutes your tongue for your finger, thankfully. But that really doesn't make it any better.

Download it on Android for free



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The 15 best paying tech companies in the UK

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Facebook

Despite the temptations of tech startup life, the best place for a highly paid tech job in the UK is still a well-established company.

According to data from jobs site Glassdoor, most of the best paying tech firms in the UK are long-established enterprise software companies like SAP, Infosys, and Oracle. Facebook is one of the few newer companies to make the list.

Interestingly, Apple and Amazon don't rank among the best paying tech firms. That's because they employ lots of lower paid retail and warehouse staff, bringing the median salary down.

Here's the list:

15. Cognizant Technology Solutions

Median total compensation: £55,250

Median base salary: £55,250

Cognizant is a software and tech consultancy firm, and its UK office is in Paddington, London.



14. HCL Technologies

Median total compensation:£55,250

Median base salary:£55,250

HCL Technologies is an Indian software and IT services firm, operating across different sectors ranging from aerospace and defence to retail.



13. Qualcomm

Median total compensation:£57,550

Median base salary:£52,750

Qualcomm is one of the biggest chipmakers in the world, and also licenses technologies used in devices like the iPhone. 



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One of the world’s greatest chefs moved to Mexico for 7 weeks and launched a pop-up that did $4 million of business

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Renovation is expensive, especially when you're renovating a high-end restaurant. Beyond the costs of renovation, every day your restaurant isn't open you're losing money. 

For one of the world's most celebrated chefs, René Redzepi of Copenhagen's infamous Noma restaurant, a planned renovation presented an opportunity. "We just wanted to come to Mexico,"Redzepi told Vogue.

And so they did.

A post shared by noma (@nomacph) on

With Noma's Copenhagen location closed temporarily, Redzepi and his staff re-located to Tulum, Mexico — a tiny town along Mexico's Caribbean coastline, where Redzepi, his staff, and a group of locals are serving 7,000 meals across the span of a month.

Each of those 7,000 meals comes with a $600 price tag attached (over $750 with tax and services included) — the absurdly high cost of a "hyper-local" tasting menu meal created by Redzepi and co. When the pop-up restaurant, known both as "Noma Mexico" and "Noma Tulum," closes shop on May 28, it'll have grossed over $4.2 million. 

A post shared by noma (@nomacph) on

Not too shabby for a one-month pop-up restaurant in a remote region of Mexico! Here's how they did it.

SEE ALSO: I ate a 17-course tasting menu at one of the world's best restaurants — here's what it was like

Noma Mexico opened reservations last December for its 7,000 potential spots. The reservations were snapped up in under two hours.

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A few months later, on April 12, Noma Mexico opened its doors to diners. The pop-up only serves dinner, and only does that from Wednesday through Sunday each week.

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People were very excited to try the new spin on Noma.

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Why 'Attack of the Clones' is the worst 'Star Wars' movie — and one of the worst movies ever

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May marks the 40th anniversary of "Star Wars: A New Hope," but it also has another, less joyful milestone: the 15th anniversary of "Attack of the Clones," which was (to our disappointment) released to a theater near you on May 16, 2002. 

But maybe it's not as bad as everyone says it is or as bad as I remember it. Maybe it's secretly the best prequel. I hadn't seen it in a long time, so who am I to judge? Turns out, I was right.

I took a stab at re-watching "Attack of the Clones" with the intention of giving it the benefit of the doubt, but it just made me feel like I was getting stabbed in the eyes (and the heart). "Attack of the Clones" is a soulless, disjointed parade of clichés that took everything anyone loved about the "Star Wars" franchise and hid it behind wooden dialogue, junky visual effects, galaxy politics no one cares about, and forgettable characters who don't matter. At least "Phantom Menace" had a cool villain in Darth Maul and sweet Sebulba. 

The movie is so unwatchable — save for Ewan McGregor's welcome presence, for which he should win some kind of peace prize — that it literally took me weeks to watch it. I could only bear it in 20-30 minute intervals. At a painful and unnecessary 2 hours and 22 minutes, "Attack of the Clones" makes watching the depressing ending of "Rogue One" on repeat sound appealing. 

Here's why "Attack of the Clones" is the worst movie in the "Star Wars" franchise: 

SEE ALSO: Here's the only right way to watch the 'Star Wars' movies

While the script is dumbed down, ridden with cheesy one-liners and sentences that are not authentic for any living creature the has a mouth, it's still hard to follow.



There is so much plot that it’s actually completely plotless. In having too many storylines and new characters, the point of the movie — to showcase Anakin's eventual turn to the dark side — gets completely lost.



One of those plot lines? Anakin and Padmé's love story, which is just as forced as it is uninteresting. It's also terribly portrayed by future Oscar winner Natalie Portman.



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Jared Kushner has become a major player in the Trump-Russia investigation — here's how that happened

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Donald Trump Jared Kushner

Ivanka Trump emerged as a major force in her father's presidential campaign and administration. She introduced Trump before he accepted the Republican presidential nomination in 2016, and took a position in the White House as an unpaid adviser.

But her less-visible husband, Jared Kushner, has developed a key role in the administration as well. He's proven influential in many of Trump's decisions, and is said to temper his father-in-law's often brash conduct.

Here are some things to know about him:

SEE ALSO: Jared Kushner is becoming a focus in the FBI's Trump-Russia investigation

Jared Kushner is the son of Charles Kushner, a real-estate developer and a major philanthropist and donor to the Democratic Party. The elder Kushner also spent two years in prison for making illegal campaign contributions, tax evasion, and witness tampering.



The grandson of Holocaust survivors, Jared Kushner was raised in an Orthodox Jewish family in New Jersey. He earned an undergraduate degree from Harvard and an MBA and JD from New York University.



At 25, Kushner bought The New York Observer for $10 million. He's been credited with increasing the weekly newspaper's online presence and helping it become profitable for the first time.



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The 17 purchases we’re most glad we made for our first apartment

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The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

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Moving is a stressful experience no matter how you slice it, and taking on the job of finding and outfitting your first apartment as an adult is even more so.

Your first apartment is a perfect storm: an intersection of many needs and low resources. Chances are high that your college roommate might have bought the kitchen utensils... or the vacuum... or the pots and pans...  and now you’re trying to furnish an entire apartment on your own with less money than it seems the job will demand.

The few purchases you do make will need to last you longer than the cheap, seasonal models you bought in college so you’re not in the same spot, dumping more money into a dresser next year. You’ll likely want nicer belongings than plastic storage bins for all of your clothes as an adult now anyway.

Since it's unlikely you have a carte blanche at West Elm, the purchases you do make are best when backed up by the advice of people who’ve been there before and can help you choose wisely. While I went through my post-graduation apartment search recently, I decided to make use of an incredible resource and survey my colleagues on their most valuable first apartment purchases. We spend around 40 hours a week thinking of ways to optimize peoples' lives with valuable products, so the purchases we make for our own homes carry special significance for me.

Below, you'll find the 17 things the Insider Picks team is most glad we bought for our first apartment.

SEE ALSO: This bedding startup's pillows are some of the best I've used, and they're worth every penny

Breton Fischetti, senior director of commerce: Brooklinen sheets

This pick is one that I did with a bit of hindsight, but I lived in a four-bedroom apartment, so my bedroom was the only bit of space in the apartment that was truly mine.

I really enjoyed having a good set of sheets. Once I got them it really made a difference in making the place feel more grownup and put together compared to whatever sheets I had leftover from high school/college. I recently bought a set of Brooklinen sheets and they are a great option. It's definitely a stretch of a purchase for a first apartment, but you use sheets every day so it's worthwhile. 

Brooklinen Luxe Hardcore Sheet Bundle (Queen), $228



A mirror to open up a small room

A first apartment or home is probably going to be smaller, and the easiest way to make a small space feel bigger is with a good mirror. It reflects light and adds depth to any room.

Umbra Mira Wall Mirror, $80



Ellen Hoffman, commerce editor: OXO Mixing Bowl and Colander Set

I bought this set of mixing bowls and colanders when I moved into my first apartment, and years later it’s up there with my tea kettle and cow mugfor most-used items in my kitchen.

The set includes three mixing bowls and three colanders in various sizes with a space-saving, nesting design. So simple, but so practical for anyone who cooks at home a lot.  

OXO Good Grips Nesting Bowls and Colanders Set, $49.99



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Attending Bungie's 'Destiny 2' event with my older brother was a precious memory I will never forget

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On May 18, I got to attend Bungie's big "Destiny 2" event with my older brother Michael. It was a precious memory I'll never forget.

dave michael smithThis is Michael. He's three years older than me, but we're both very similar: We have similar senses of humor, we both have beards — his is black, mine is red — and our voices sound almost identical. We also share many of the same interests, particularly in movies, games, and pop culture. He's always been there for me over the years, in both good times and bad. He's my best friend, and I love him dearly.

But since we live on opposite ends of the country — me in New York, and him in Los Angeles — it hasn't always been easy for us to keep in touch. Thankfully, "Destiny" is a big reason we've stayed connected over the years. And at the "Destiny 2" reveal event, we got to spend a full day geeking out to our favorite video game together. It was just like the old days.

SEE ALSO: Bungie director Luke Smith on 'Destiny 2': Our goal is to 'unhide the fun'

Michael and I both grew up playing a lot of video games together, usually in the basement of our old house in Connecticut. As kids, games were an easy and fun way for us to connect, talk, and work together.

One of my fondest memories was playing the classic Zelda game "Ocarina of Time" with him: He'd be the one actually playing the game, while I'd serve as a form of navigator, keeping track of his goals and looking at physical game guides in case he got stuck. As a young kid, I didn't always feel brave enough to play some games myself, so I was happy to watch him play. (To this day, I still enjoy watching other people play video games, usually on YouTube.)



In our teenage years, Michael and I played lots of "Halo" together. We'd play cooperative missions, but we spent most of our time playing multiplayer matches against each other. We spent countless nights playing on the "Hang 'Em High" arena, with rocket launchers only.



Michael regularly got the drop on me: He was so much better at "Halo" than I was, since he was quick to memorize the layouts of the arenas. He'd usually sneak up on me, jump in the air and shout "Death from above!" right before nuking me with a rocket and cackling with delight. He won almost every match we played, but I still had fun.



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Hitler's secret Nazi war machines of World War II

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hitler and himmler

Earlier this month, the world reflected on the 72nd anniversary of the end of World War II in Europe — when Hitler's Nazi army finally surrendered on what is now known as "Victor in Europe Day."

Hitler's engineers secretly developed some of the most ambitious projects and rapidly produced sophisticated technology decades before its time.

In the 2015 fall issue of Weapons of WWII magazine, author KM Lee detailed some of Hitler's advanced weaponry.

Here's a look at are some of the secret, lethal weapons the Nazis created during World War II:

SEE ALSO: Hitler created the largest gun ever, and it was a total disaster

Hitler's stealth 'flying wing' bomber

Referred to as "Hitler's secret weapon," the Horten Ho 229 bomber was designed to carry 2,000 pounds of armaments while flying at 49,000 feet at speeds north of 600 mph.

Equipped with twin turbojet engines, two cannons, and R4M rockets, the Horten Ho 229 was the world's first stealth aircraft and took its first flight in 1944.

Source: Weapons of WWII magazine

 



According to the Smithsonian, Nazi Luftwaffe chief Hermann Göring allocated half a million Reich Marks to brothers Reimar and Walter Horten to manufacture the aircraft.

Plagued with problems, the Horten didn't last long in combat. Instead, the bomber's engineering did inspire today's modern stealth aircraft — like the Northrop Gruman B-2 bomber.

Source: Weapons of WWII magazine



The Fritz X radio-guided bomb

Considered the "grandfather of smart bombs," the Fritz X was a 3,450-pound explosive equipped with a radio receiver and sophisticated tail controls that helped guide the bomb to its target.

According to the US Air Force, the Fritz X could penetrate 28 inches of armor and could be deployed from 20,000 feet,an altitude out of reach for antiaircraft equipment at the time.

Less than a month after it was developed, the Nazis sank Italian battleship Roma off Sardinia in September 1943. However, the Fritz X's combat use was limited since only a few Luftwaffe aircraft were designed to carry the bomb.

Source: Weapons of WWII magazine



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7 things you probably didn't know you can buy at Costco (COST)

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shopping at costcoCostco is known for its bargains, but did you know it's also a place where you can buy a luxurious steak?

The retail giant sells a number of items that you might not consider buying during your weekly shopping trip.

Of course, there are some staples you should always buy in bulk at Costco, like bacon and laundry detergents. But there are also some surprisingly pricey items that may make sense to sweep up at Costco, too.

Here are seven things that Costco sells that you might not know about:

SEE ALSO: Amazon is about to surpass Costco on one crucial measure

1. Coffins

Most people probably don't realize that Costco has an entire funeral category, selling coffins in most states. Beyond caskets, which cost between $949.99 and $2,999.99, the company also sells a variety of urns.

Costco's coffins, sold in partnership with Universal Casket Co., are very well reviewed.

"This purchase took much pressure off the difficult time of dealing with Mom's funeral," reads a review of the solid five-star rated Mother Casket. "She would have loved it, and it was her wish to do this... Funeral costs are very high, and this product and the people we dealt with were caring and professional."



2. African safaris

Costco has a number of vacation packages to destinations such as the Dominican Republic, Hawaii, and Fiji, and even a safari in the South African Savanna.

Packages include airfare and hotels, with different locations offering different perks. A visit to the Alsol Tiara Cap Cana resort in the Dominican Republic includes all meals, snacks, beverages, and minibar access for $509 a night. A trip through Lion World Travel includes a spa treatment, a wine tour, and sightseeing trips with prices starting at $4,699 for a weeklong trip.



3. Engagement rings

If you're shopping for an engagement ring at Costco, you can choose to spend a lot, with options costing up to $19,999.99. There are also rings on the less expensive side, such as one choice that clocks in at $779.99.

Costco's engagement-ring business found itself in hot water in 2015, when a judge ruled that the retail chain willfully infringed on Tiffany & Co.'s trademarks by selling rings bearing the jewelry brand's name.



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The one-time office of a millionaire railroad executive has been reborn as one of New York's hottest bars

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The Campbell

Tucked inside New York City's Grand Central Terminal, away from the gazing tourists and hurried passengers, is a commuter's refuge called The Campbell. The newly opened bar and restaurant, run by The Gerber Group, serves classic cocktails in an old-timey space. The decor is an ode to the bar's storied past as a private office to millionaire and railroad executive John Williams Campbell in the 1920s.

Before it became The Campbell, the space was run by Mark Grossich under the name The Campbell Apartment. It was more exclusive, with a dress code and less signage, and the bar was more difficult to find within the massive train station. Under that name, the bar hosted famous guests like President Bill Clinton, George Clooney, and Liam Neeson.  

When The Campbell Apartment's owners lost their lease in 2016, having been outbid by The Gerber Group, Grossich unsuccessfully tried to sue the Metropolitan Transportation Authority, which runs the terminal.

Of the reopening, which now includes three separate, easy-to-find bars within Grand Central, Scott Gerber told the New York Times: "We want people to know about it." Ahead, take a look at the gorgeous bar during one of its busiest times: commuter rush hour.   

SEE ALSO: There's an exclusive, invite-only restaurant inside the New York Stock Exchange where only listed companies and employees can eat

The interior of the main area, called The Campbell Bar, is a New York City landmark, so legally, the Gerber Group couldn't change much. Its massive windows — there since the 1920s — along with its overall thirteenth-century, Florentine-inspired design, have remained.



The hand-painted ceiling has also remained intact, thanks to $2 million renovations done back in 1999.

Source: The New York Post



As a sitting member of the New York Central Railroad Board of Directors, John Campbell used to host parties in the space. His safe is still there, tucked under the fireplace mantle.



See the rest of the story at Business Insider

Trump could get 'beamed into space' and stocks would be just fine

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Astronaut in space

Does the stock market even need the Trump trade anymore?

Merely posing such a question may strike some equity enthusiasts as blasphemy. After all, in the months right after the presidential election, the sectors seen as most closely tied to President Donald Trump's proposed policies — most notably financials and industrials — soared.

But an interesting wrinkle has formed. Whenever one of the plentiful negative Trump headlines hits news wires, investors are mostly unshaken. A prime example came this past week, when Trump came under the most scrutiny yet, spurring the biggest drop in US stocks since months before the election — a decline that was largely erased in just two days.

That wasn't the first piece of news seen as a potential threat to Trump's economic agenda, and it certainly won't be the last. Yet here we sit, about 1% from another record for US stocks.

It has introduced an idea that would have seemed far-fetched mere months ago: that while Trump's election victory undoubtedly boosted stocks on a short-term basis, market conditions are more than capable of supporting current valuations on their own.

"If the Trump administration disappeared or got beamed into space, I don't think the market would plummet," Michael Antonelli, an institutional equity sales trader and managing director at Robert W. Baird & Co. in Milwaukee, said in a phone interview. "The immediate postelection rally was partially composed of optimism around Trump, but a lot of the sustained strength is due to good old-fashioned data. People are forgetting that the stock market is more than just the actions of the president. "

Here's a breakdown of three themes supporting the idea that stock market would be just fine without the Trump trade:

Corporate earnings are growing at the fastest pace in 6 years.

Profit expansion has historically been the biggest contributor to share-price appreciation, and it has returned to the S&P 500 with a fury not seen in almost six years.

Companies in the benchmark are on pace to see 14% earnings growth for the first quarter of 2017, the most since the third quarter of 2011, according to data compiled by Bloomberg. It marks the third straight quarter of earnings growth for the S&P 500.

"We're all getting caught up with what Trump is tweeting on a given day, because it's easy to get caught up," Antonelli said. "But beneath the surface, economy is still going strong, and companies are doing their best to grow."



Wall Street is getting increasingly skeptical that changes to the tax code would affect corporate profits this year, yet forward earnings forecasts remain robust.

After the election, the most highly taxed companies in the US enjoyed a double-digit rally on expectations Trump would lower the corporate tax rate. During the campaign, the president suggested lowering the rate to 15% from 35%, a cut that would have an outsize impact on the profits for companies paying the most.

As it becomes increasingly clear that Trump will have difficulty passing legislation, returns for this group of stocks have leveled off but not fallen victim to a major decline. Future profit expectations for the S&P 500 are, quite simply, too strong.

"The prospect for tax reform is uncertain, but the calendar suggests a low probability of any impact on 2017 EPS," Goldman Sachs chief US equity strategist David Kostin wrote in a May 12 client note.



The tech sector, which is leading the US stock market higher, isn't as wedded to Trump policies as other areas and is benefiting from a surprisingly weak dollar.

Since the election, no sector has done more to boost US stocks than tech. It's largely because of the group's ability to expand profits. In the first quarter, tech companies grew earnings by 21%, tied for most in the S&P 500.

The group has gotten help from a surprising source: a weaker-than-expected US dollar. Because of the heavy weighting of so many mega-cap multinational companies, tech indexes are particularly exposed to overseas markets. As exporters, their bottom lines benefit greatly from declines in the greenback.

Further, stock fluctuations in the industry are less tied to Trump's policies, making them less vulnerable to negative headlines. While companies that hold a large amount of cash overseas would benefit from the president's proposed repatriation tax holiday, the industry as a whole is less directly beholden to Trump.

"It's really a perfect upside storm for the tech industry," Bruce Bittles, the chief investment strategist at the Milwaukee-based Robert W. Baird, said in a phone interview. "Earnings growth is good, the dollar is weak, and the global economy is improving, and tech stocks are big exporters."



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A startup is taking on Tesla with a stunning SUV in the hottest market for electric cars (TSLA)

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People gather at the booth of Chinese electric vehicle start-up Nio as it unveils its ES8 SUV at the Shanghai autoshow, in Shanghai, China April 19, 2017. REUTERS/Aly Song

Electric car startup Nio is planning to battle Tesla in the most lucrative market for battery-powered vehicles: China.

Nio will sell its electric SUV, the ES8, in China in early 2018. The move puts the startup in direct competition with Tesla as it looks to gain traction in the country.

China had more electric car sales than Europe and the US in both 2015 and 2016 and has also exhibited faster sales growth.

Tesla has tripled its revenue in China to $1 billion in 2016, though it still makes more money in the US. 

Chinese internet company Tencent acquired a 5% stake in Tesla in March, highlighting a vote of confidence in Tesla's position in the world's most populous country. Tencent has also invested in Nio.

Nio, which is based in Shanghai, is smart to introduce a large SUV at a time where demand for the vehicles is on the rise among affluent Chinese buyers. The startup has offices in Munich and San Jose and is led in the US by former Cisco CTO Padmasree Warrior.

We spoke to Warrior about the ES8 and what to expect — scroll down for a closer look:

SEE ALSO: Volkswagen just unveiled an electric SUV concept that could challenge Tesla's Model Y

The electric SUV seats seven and comes with all-wheel drive, but Nio has yet to disclose any specs like horsepower, acceleration, or range. The startup said it will be priced in the same range as a premium car.



Nio has teamed up with JAC Motors, a Chinese car manufacturer, to manufacture the car in China in late 2017. The vehicle will come with a swappable battery.



The SUV features a digital instrument cluster and large infotainment console. Warrior said Nio is trying to become a leader in the connected car space by developing digital cockpits and an AI assistant that can control features in the car and the owner's home.

Source: Business Insider



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Here are all the times Facebook has copied Snapchat so far (FB, SNAP)

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Facebook has tried to copy Snapchat for years.

But during the past year Facebook has gone into overdrive, blatantly, systematically and often successfully, cloning Snapchat's core features.

The result is that Facebook's family of standalone apps — Instagram, Messenger, core Facebook, and even WhatsApp — look much more like Snapchat than they did one year ago. And Zuckerberg now believes that the future of how people communicate on Facebook will be through the phone's camera — a concept Snapchat pioneered.

Here are all of the ways that Facebook has copied Snapchat so far:

SEE ALSO: The best Snapchat tips, tricks, and secret hacks

One of the first indications that Facebook was wading into Snapchat's territory was in March 2016, when it acquired the app MSQRD. The app let you swap faces with goofy effects, similar to Snapchat's "Lens" filters.

Source: Business Insider



Then, in April, Facebook added scannable Snapchat-like QR codes for profiles in Messenger.

Source: Business Insider



Facebook's attack on Snapchat culminated with a battle cry Mark Zuckerberg gave to employees during an all-hands meeting in the summer.

Zuckerberg said "the camera is the composer" during an all-hands meeting with Facebook employees over the summer, according to someone familiar with the meeting.

The statement was an obvious nod to Snapchat, which recently rebranded itself as "Snap Inc., a camera company," but since day one has prioritized photo and video messages in its app.

During Facebook's quarterly earnings call in October, Zuckerberg explained that Facebook now sees the camera as the future of how people share and communicate.

"In most social apps today, a text box is still the default way we share," he said. "Soon, we believe a camera will be the main way that we share."



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Professors at America's elite colleges pick one book every student should read in 2017

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man reading on bench

College professors dole out an incredible amount of required reading to their students.

But what if they could only choose one book?

When asked, professors at America's most prestigious colleges — those in the top 10, according to US News & World Report — shared with Business Insider the single book they think every student should read in 2017.

The topics of the books spanned issues from politics to social science to Shakespearean literature.

Read on to see what professors from schools like Princeton, Harvard, and Yale think you should read next year.

SEE ALSO: 11 legendary leaders share the best books they read in 2016

Jill Abramson, Harvard: 'The Paranoid Style in American Politics,' by Richard Hofstadter

Abramson, a former executive editor of The New York Times and current Harvard English lecturer, recommends students read Richard Hofstadter's "The Paranoid Style in American Politics," first published in 1964.

Abramson says the book is "everything you need to know about the root of Donald Trump's rhetoric and fake news."

FIND IT HERE »



James Berger, Yale: 'Orfeo,' by Richard Powers

James Berger is a senior Lecturer in English and American Studies at Yale University. He recommends the 2014 novel "Orfeo," by Richard Powers.

He implores students to read the book, explaining that:

"It is a story of music and genetics in our contemporary age of terror and surveillance. An idiosyncratic retelling of the Orpheus myth, an elderly avant garde composer who feels he has tried and exhausted every possible musical experiment, returns to his first love, biology, and seeks to inscribe a musical score onto the mutating DNA of bacteria. Yup.

"But his efforts are mistaken to be acts of bioterrorism, and so he flees into the 'underworld' of contemporary America, returning also to the various Euridices of his past. Amazing book —and you'll learn a hell of a lot about music, science, politics ... and even about Life!"

FIND IT HERE »



Eric Maskin, Harvard, and Maurice Schweitzer, UPenn: 'The Undoing Project,' by Michael Lewis

Eric Maskin is a Harvard professor and received the 2007 Nobel Memorial Prize in Economics. Maurice Schweitzer is a professor of operations, information, and decisions at the Wharton School at the University of Pennsylvania. 

Both chose Michael Lewis' "The Undoing Project."

FIND IT HERE »

Read Business Insider's December interview with Lewis, in which he discusses the book, the American presidential election, and how Wall Street has changed in recent years.



See the rest of the story at Business Insider

Nobody wants to buy this Connecticut ghost town that's on sale for $1.95 million

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Johnsonville Connecticut ghost town for sale 2

Johnsonville, Connecticut, looks straight out of an episode of "Twin Peaks"— old mill included. But unlike the small town on TV, Johnsonville has been abandoned for nearly 20 years.

Located on 62 acres off the Connecticut River, Johnsonville is up for grabs at $1.9 million. An eccentric millionaire with the funds to spare will find green pastures, old-timey buildings, and the former owner's mansion, which is rumored to be haunted by Mr. Johnson himself.

It's now unoccupied, with the exception of a caretaker and a security guard who keeps aspiring ghost hunters and urban explorers from snooping around the grounds. Take a look. 

SEE ALSO: This sleepy California city was $3 million in debt — now it's cashing in on the marijuana industry

Johnsonville, Connecticut, is the shell of a once booming mill town.



Established in 1802, the little hamlet became an industrial center for twine production.



A community rose up around the mill. Homes, a church, a store, and a post office insulated the town from the outside. It's unknown how many people lived in Johnsonville at its peak.



See the rest of the story at Business Insider

We went to Old Navy and saw why the brand is Gap's secret weapon (GPS)

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Old Navy

Old Navy has become Gap’s saving grace.

Gap Inc, the parent company of its namesake brand, Banana Republic, and Old Navy, has reported negative same-store sales growth for the past two years. 

Independently, however, the Old Navy brand has seen positive same-store sales growth for the past five years. Last quarter, sales were up 8%, boosting Gap Inc’s share price and rescuing it from an otherwise gloomy period.

We visited a Gap and an Old Navy store on a rainy Thursday afternoon in one of New York’s busiest shopping areas: Herald Square. We saw firsthand why the brand is resonating well with customers:

 

We timed our visit to Old Navy with the start of Memorial Day weekend sales. The first thing that struck us was the amount of clothing and accessories that were on sale.

The store was awash with signs offering discounts ranging from 20% to 60% off.  



There were also several clearance sections around the store.



Even before discounts, however, Old Navy was still much cheaper than Gap.

A basic women's cardigan costs $24.94 here. At Gap, it's $49.95 (now on sale for $25 with the Memorial Day weekend discount).



See the rest of the story at Business Insider

Step aboard the USS Kearsarge, the US Navy workhorse that takes Marines to war

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USS Kearsarge amphibious assault ship US Navy

In US Navy history, just four ships have borne the name Kearsarge.

The first, a Civil War sloop, sank the CSS Alabama off the coast of France in 1864.

The next one, a battleship, sailed around the world with Theodore Roosevelt's Great White Fleet.

The third, an aircraft carrier, recovered astronauts from the sea during Project Mercury, the US's first human-spaceflight program.

The current USS Kearsarge, an amphibious assault ship that docked in New York City for Fleet Week, has a lower profile, but it is no less essential to the fleet.

"We have a very special mission as opposed to your other ships of the Navy," Lt. J.G. Christian Sedarski, a deck-division officer on the Kearsarge, told Business Insider. "Sometimes we will conduct firings on the beaches and that kind of thing, but we are strictly landing and bringing back Marines from the beach."

"So the way I like to explain it is, we are a glorified hotel with a F-150 flatbed," he added.

It also has extensive medical facilities, capable of taking in wounded troops as well as survivors of natural disasters. Its ability to hold 600 patients makes it second to only the Navy's ready-reserve hospital ships in medical capacity.

In a display of its versatility, the Kearsarge deployed to provide flood relief in Pakistan in August 2010, steaming west six months later to support operations in Libya as part of Task Force Odyssey Dawn.

Below, you can take a tour of Kearsarge and get an up-close look at a ship that ferries Marines and their gear into battle around the world.

SEE ALSO: The Air Force put on a show of force with the A-10, and a day later it got taken off the chopping block

The Kearsarge stretches 844 feet from bow to stern with a 27-foot draft. Fully loaded, it displaces 44,000 tons and can push through the water at over 24 knots.



Deck-edge elevators, like the one seen here, lift the Kearsarge's contingent of aircraft to the flight deck, where three cargo elevators lift supplies to meet them.



The ship rises 186 feet from waterline to top of mast. It sails with over 1,100 officers and crew and can carry about 2,000 Marines and their gear.



See the rest of the story at Business Insider
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