Business

Would You Pay $7,500 to Educate Your Kid Like Elon Musk’s?

Photo Illustration by The Daily Beast / Photos Getty
Photo Illustration by The Daily Beast / Photos Getty

The novel coronavirus has shattered education in America, leaving millions of parents struggling to cope with childcare and remote classes. Naturally, tech billionaires have taken it upon themselves to fill the void.

But while Facebook’s Mark Zuckerberg pledged $6 million to education projects, and Twitter CEO Jack Dorsey gave $10 million to provide devices and connectivity to students in California, Elon Musk is helping launch an online school targeted at the relatively wealthy.

The online Astra Nova School, which is slated to open its virtual doors in September, would succeed an ultra-exclusive school that operated out of Musk’s SpaceX rocket factory until recently and had many of the same staff. It’s a model experts on the intersection of education and inequality said was not exactly in keeping with the most urgent needs of this pandemic moment.

Starting in 2016, Ad Astra

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PortMiami renegotiates terminal deals, local workers brace for more cruise-less months

Just last November, PortMiami was bustling with construction workers bringing to life five new cruise terminals and two cruise company headquarters. Future cruise business was all but guaranteed: Fiscal year 2020 was set to break the port’s 2019 record of 6.8 million passengers, up 22 percent from 2018.

The county agreed to pay $700 million toward the projects, and the cruise companies — Carnival Corporation, Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings, MSC Cruises and Virgin Voyages — agreed to repay the county $5.8 billion over the next 20 to 62 years.

In November, port director Juan Kuryla described the deals as “iron clad.” When asked by the Herald what would happen to the promised return on investment if for some reason cruise ships were only half full or if the ships did not to come to Miami at all, Kuryla said the companies would still be on the

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Get a grip on our data-driven world with this $40 online bootcamp

Get a grip on our data-driven world with this $40 online bootcamp
Get a grip on our data-driven world with this $40 online bootcamp

TL;DR: Learn how to handle the world of data with The Complete Big Data and Power BI bundle for $39.99, a 91% savings as of July 5.

It’s clear in today’s business landscape that companies live and die by how quickly they respond to trends. But keeping up with market fluctuations and changes in the supply chain are not easy tasks by any means. These things take the expertise of an entire team, starting with data analysts. The ability to wrangle big data and use it to fuel decisions is a highly sought after skill and as a result, folks that possess it earn a pretty penny.

The good news is you can get a grip on this data-driven world, and even start the journey to a new career, with this Complete Big Data and Power BI Bundle.

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Does Mirror Acquisition Make Lululemon Stock a Buy Again?

Lululemon (NASDAQ:LULU) has been lagging since the company reported earnings in early June. However, LULU stock caught a bid on June 30, on news that it will acquire Mirror for $500 million.

Does Mirror Acquisition Make LULU Stock a Buy Again?

Source: Sorbis / Shutterstock.com

Shares closed off the highs, but still climbed 6% on the day. Why the enthusiasm? Because Lululemon bought into a growing secular theme that plays nicely with its current business model.

Breaking Down the Deal

Mirror is an at-home workout startup. Like its name implies, the company’s lead product is literally a giant mirror that also plays video. That video allows instructors to lead live classes, giving a gym-like experience to users who are at home.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

It’s sort of like Peloton (NASDAQ:PTON), shares of which have exploded higher in 2020

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The booming business of encrypted tech serving the criminal underworld

Criminals have turned to supposedly secure encrypted smartphones rather than normal messaging services - PA
Criminals have turned to supposedly secure encrypted smartphones rather than normal messaging services – PA

For the astonished detectives it was like “getting the keys to Aladdin’s cave”. Over the last few years, senior arms dealers and drug traffickers across Europe had come to rely on EncroChat, a shadowy tech company selling hyper-secure smartphones offering “guaranteed anonymity”.

Assured of their safety, crooks discussed products and prices in exhaustive detail, without the usual codewords. EncroChat’s steep subscription fees, running to thousands of pounds every year, were an offer no self-respecting contraband logistics professional could afford to refuse.

That is why EncroChat’s systematic infiltration by British and European police forces, finally made public on Thursday after more than 740 arrests, was an intelligence coup equal to the Enigma breakthroughs of the Second World War. One underworld insider, speaking to Vice News, was eloquent in their brevity: “People are f—–.”

EncroChat is far

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Yoox Net-a-Porter CEO Federico Marchetti, E-Commerce Pioneer, on the State of Shopping

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One business’s loss is another’s gain. When Covid-19 forced brick-and-mortar shops to close their doors this spring, a boom in online sales ensued. As a pioneer of online shopping, Federico Marchetti, CEO and chairman of Yoox Net-a-Porter Group, was well-equipped to navigate the sea change. In 2000, Marchetti founded Yoox, one of the first online-only shopping destinations, and in 2015, he drove a merger with Net-a-Porter to create the e-commerce titan that he leads today.

Marchetti is credited with introducing a number of e-tail practices that are now industry standards—from creating digital flagships for marquee brands to selling high jewelry and watches online. YNAP group—which comprises Yoox, Net-a-Porter, Mr Porter and The Outnet and was acquired by Richemont in 2018—is the e-commerce market leader, with more than 4.3 million customers in 180 countries and one billion visits to its websites annually.

More from

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Across Sun Belt, hopes for economy give way to renewed fears

ST. PETERSBURG, Fla. (AP) — At the beginning of March, Joey Conicella and Alex Marin were riding high. Their new Orlando restaurant, Hungry Pants, had drawn rave reviews. With revenue rising, they planned to hire more servers. Sunday brunch service was coming soon.

That was just before the coronavirus struck suddenly, forcing them to close. But in May, as authorities eased safety and social-distancing rules, Hungry Pants reopened at smaller capacity, fueled by hope, hand sanitizer and a government loan.

Now, a spike in confirmed viral cases is making Conicella and Marin anxious about the future — for their business and for the region — even as they keep their restaurant open.

“It’s been a roller-coaster ride,” Conicella said glumly.

For residents across America’s Sun Belt — business owners and workers, consumers and home buyers — the past three months have delivered about the scariest ride in memory. With confirmed

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A growing chorus of coronavirus patients have had symptoms for more than 100 days

Felecia Jester using a nebulizer (left) and at the emergency room (right).
Felecia Jester using a nebulizer (left) and at the emergency room (right).

Felecia Jester

  • Business Insider spoke to 17 coronavirus patients who have had symptoms for more than 100 days.

  • Few of them have gotten a clear answer from doctors as to why they’re still sick.

  • Their lives have changed drastically in the last few months.

  • Some face unemployment or might have to file for disability as they stare down the barrel of chronic illness.

  • Visit Business Insider’s homepage for more stories.

The people who’ve had coronavirus symptoms for more than 100 days have a nickname for themselves: the long-haulers.

They’ve been dealing with the virus for much longer than most of their peers, and far longer than their doctors anticipated. As their illnesses persist without explanation, these patients turn to online support groups on Facebook, Reddit, and Slack, where they seek medical advice, swap war stories, and share updates

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What’s Next for TV Markets? Survey Highlights Reduced Delegations, Year-Round Online Events

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As the industry gets used to working within the virtual space, U.K. media consultancy K7 Media has surveyed 40 clients — made up of some of the biggest international TV distributors, broadcasters, and production studios  — to learn more about their experience with these new virtual events and the role trade shows will play in the ‘new normal.’ K7 Media’s head of strategy Girts Licis looks at what’s next for TV markets and conferences.

As it became increasingly clear that physical events would be unable to go ahead as planned, we noticed everyone — from existing event organizers to publishers and analysts — rush to establish an online footprint.

There’s no doubt the industry has adapted well to ‘attending’ events online, with 55% of clients surveyed reporting watching or listening to an online session curated by a TV event. Highly anticipated annual markets,

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36 rare vintage Corvettes found in a Manhattan garage after they were abandoned for decades will be raffled off for charity

Lost Corvettes
Lost Corvettes

Brittany Chang/Business Insider

A historic collection of 36 classic Corvettes saved from dilapidation after being hidden underground in a Manhattan garage for decades will soon be given away in a nationwide sweepstakes. 

Corvette Heroes is hosting The Lost Corvettes sweepstakes that will be giving away the cars that it touts as the “greatest barn find in automotive history.”

The Corvette collection has an unusual backstory: this isn’t the first time all 36 of the Corvettes have been given away together. They were originally a part of a 1989 giveaway that landed the cars in the hands of a Long Island man who then passed the cars along to artist Peter Max. Max, however, left the Corvette collection untouched in multiple Manhattan garages for decades before the current team acquired the fleet and decided to host a new giveaway.

The sweepstakes collection includes a Corvette from every production year

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