Author: openjargon

• Many of my college students told me they were in school because their parents forced them.
• Parents should know that not every kid needs to go to college.
• They can volunteer, take a gap year, go into trade work, or earn a certificate.

During my nine years of teaching college composition classes, I experienced a familiar student-teacher conversation on repeat. Students would confess to me — usually when we had a one-on-one about their plummeting grade — what was really going on. The overwhelming and overriding culprit of my students' college failures was their parents.

To be frank, many students were miserable. They had attempted to express to their parents that they didn't want to go to college —whether in the years leading up to high school graduation or after starting college life. Their reasons were diverse. Students were unprepared, disinterested, or inadequately supported — be it financially, emotionally, academically, socially, or physically.

No matter the reason, I chose to listen and believe my students, which is something their parents decided, for their own reasons, not to do.

Many didn't want to disappoint their parents. They were terrified of letting their parents know that money had been "wasted" or that they didn't meet their parents' own college dreams for their kids.

I wish I could have said to each of these parents that their child had other options.

Take a gap year

Yes, a gap year sounds incredibly privileged, but hear me out. Instead of parents hemorrhaging money or students going into debt for an education that won't end up in a degree and a job, a gap year could come with stipulations.

Those parameters could include the following: They must be employed part-or-full time, saving money, and working alongside a well-informed mentor to explore the next steps.

Nothing about a well-planned gap year is wasteful. Honestly, I rarely met a freshman who knew what they wanted to do for the rest of their lives. Parents, give your kid some time and wiggle room to mature and consider their future.

Consider a trade

When someone has a plumbing emergency in their home, they summon the first available plumber and (usually) pay whatever the repair cost is — no matter the sum. Desperate times call for desperate measures. That proves there is money in trade work.

The trades are a way for kids who prefer a more hands-on career to become something that brings in a great income — be it a welder, electrician, cosmetologist, dental assistant, or culinary artist.

Plus, they can usually start working earlier than their college-attending peers and accumulate less debt.

Look into community college

So many students told me their parents turned their noses up at the idea of their child attending a community college, and my question is: Why?

I attended a community college and eventually became a college teacher. Community college is cheaper, sometimes more conveniently located, and offers a less abrupt and extreme step between high school and a university.

Community colleges also can offer more of a community feel than a large university, meaning perhaps more comfortable social engagements for kids who tend to be more introverted or struggle with a social anxiety disorder.

Volunteer work is also a great option

Volunteering allows young adults to try different fields without the pressure of knowing how to do the job.

For the kid interested in veterinary medicine, volunteer at an animal shelter. For the kid interested in becoming a librarian, volunteer to gather books, stock shelves, or staff author events at a local library.

Volunteering can have a lot of value, including showing the applicant's spirit on a resume or school application.

Earn a certificate

A certificate is earned by someone who puts in hours to get an overview or a deep dive into in a particular topic or skill set. Certificate programs can take as little as a few weeks, while others can take closer to a year or more.

Students can earn certificates or engage in short programs to become nursing assistants, massage therapists, court reporters, web designers, and more.

Some programs have minimum age requirements. This again gives the late teen a way to learn more about a certain topic or field to determine how interested they are in pursuing that as a degree and then possibly a career.

These aren't the only post-high school graduation or post-GED options. The important thing is for parents to listen to their kids, understand their needs, and take a team approach, especially at this stage in their almost-grown-up child's life.

• Unlike other platforms, OnlyFans does not have a discovery page, which can make it hard for creators to get noticed.
• OnlyFans influencers typically have to advertise their accounts outside of the platform.
• Learn how OnlyFans creators successfully promote their accounts on Reddit, TikTok, and more.

One of the keys to gaining an OnlyFans audience is to market yourself outside the platform. Many creators choose to post on a medley of social-media platforms — from the more sex-work-friendly sites like Twitter and Reddit to mainstream platforms like TikTok and Instagram — to get their names out there and entice potential subscribers. 

OnlyFans creators may use multiple platforms to promote themselves, but each creator usually focuses on a few where most of their followers and subscribers come from. They master those sites and learn how to work them to reach as many people as possible.

These strategies can include scheduling posts, doing promotional shoutouts, collaborating with other creators, and experimenting with popular content on their chosen platforms, from audio and photos to short- and long-form videos. Some creators show off other interests like cooking and sports.

Isla Moon, who dropped her plan of pursuing a Ph.D. for OnlyFans, built most of her fanbase thanks to the short-video platform TikTok, where she shares a mix of revealing content and videos about her hobbies outside adult work.

Read more about how the creator went viral on TikTok and how she built a business that now makes close to $5 million

Anne, an adult-content creator who traverses her home country of Canada in a van, uses Reddit to engage her community by diligently responding to comments on her posts. 

"I love the community on there, and I make sure I respond to every single person I can who comments on a post that I've done," she told Business Insider. "I make sure to show them that I appreciate that they've seen my content and that they're important to my day."

Read more about how the creator and stay-at-home mom uses Reddit to promote and how much she made in her first 9 months on OnlyFans

Here are seven ways OnlyFans creators promote themselves:

1. Twitter

Twitter drove 75% of social media traffic to OnlyFans in the US, according to yearly data from April 2023 that web-analytics firm SimilarWeb shared with Business Insider. Many OnlyFans creators are active on the platform because Twitter's guidelines allow for nudity and pornographic content, with some exceptions.

2. TikTok

At a glance, TikTok isn't the ideal platform for OnlyFans creators due to its strict content guidelines that bar nudity and "sexually explicit narratives." But some OnlyFans stars prefer to promote on TikTok because its algorithm allows them to easily find viewers who could become subscribers.

"Anyone can grow a fan base on TikTok, and I like that algorithm the best," OnlyFans creator Charlotte Lavish told Insider.

Navigating the platform without getting banned can be tricky for OnlyFans creators, some of whom have said they've faced harassment on the site. However, several who use TikTok heavily said the platform can be a great promotional tool if you know how to work it.

Read more about how 3 OnlyFans creators have used TikTok to promote themselves and attract subscribers

3. Reddit 

Reddit can be intimidating because of its communities of subreddits that each have their own rules, but several OnlyFans creators who learned to navigate it said it was where most of their subscribers came from. 

Farrah, an adult-content creator who makes content without her face showing, posts in eight to 10 subreddits daily, including styled as r/milf, r/fitnakedgirls, and r/Impressive_Apricot37, which she runs. 

Read more about how the influencer and former healthcare worker earned over $1 million in revenue on OnlyFans, from posting on 10 subreddits each morning to charging more to see her face

Check out these 4 OnlyFans creators' strategies for using Reddit 

4. Promoting discreetly by using safe-for-work content

OnlyFans creators often adapt their promotional content for each social-media platform's content guidelines. It allows them to reach mainstream audiences while discreetly promoting their OnlyFans pages.

For example, MelRose Michaels, a creator who earns roughly $30,000 per month on OnlyFans and coaches adult-content creators on how to grow their businesses, creates safe-for-work content like ASMR videos on YouTube or livestreams on Twitch to plug her OnlyFans.

She recommends adult-content creators run their social accounts as any mainstream influencer would.

Read more about how the former 'camgirl' uses safe-for-work content to promote herself on OnlyFans and grow her income

5. Cross-promoting with other creators

Rayna Rose was able to kickstart her career on OnlyFans thanks to a revenue-share deal she struck with her former boss, multimillionaire creator Bryce Adams. Through the deal, Rose receives promotion and advertisement from Adams — who has hundreds of thousands of fans — in exchange for a portion of her earnings.

Read more about how Rose kickstarted her career on OnlyFans, and how she built her income to $24,000 per month

Lizzy Capri, formerly a kids' YouTuber, pivoted her content in 2023 and began posting on OnlyFans. She also entrusted the promotion of her profile to Adams, whose team manages and promotes the account in exchange for 15% of her net earnings.

Read more about how Capri pivoted her content from YouTube to OnlyFans

Lavish, one of the OnlyFans creators who uses TikTok to promote, often features other OnlyFans stars in her TikToks. They do dance challenges or lip sync over popular sounds together. This is another one of the ways OnlyFans influencers can cross-promote.

Some creators even pay others for "shoutouts" on their pages. Oftentimes, the creator being paid has a larger following and can reach more people, and some of these creators have turned shoutouts into a business in itself. 

Read more about how creators pay for 'shoutouts' to advertise their OnlyFans

6. Making content specific to personal interests

Some adult-content creators incorporate their mainstream interests like fitness and cooking into their content. Michaels, the adult-content creator coach, said this is a great way to bring creative or new ideas into OnlyFans content as well. 

Isla Moon, who's made close to $5 million on OnlyFans, uses social-media platforms to promote her adult content but also to share her hobbies, like spending time in nature and fishing. This has allowed her to build a dedicated fan base of "the middle-aged man in the States who enjoys fishing and hunting on the weekends," she said.

Read more about how Isla Moon combines outdoorsy content with promotion of her adult content on TikTok, Instagram, and YouTube

Liensue, a German creator, makes cosplay a central element of her content, both on OnlyFans and on other social-media platforms. She's been able to build a strong community of subscribers who are into cosplay.

Read more about how Liensue made over $450,000 through cosplay content

Influencer Chloe Sasha has been experimenting with different TikTok pages where she chats about sports, cooks Mexican recipes, teaches Spanish, and more. She also modifies some of these videos for her OnlyFans audience, such as filming similar videos in the nude.

Read more about how the single mother of 4 uses cooking content on and off her OnlyFans page and how much she's earned on the platform

7. Creative IRL strategies to promote OnlyFans without social media

Steph Mi landed an OFTV show after she flew an airplane banner at a baseball game with the link to her OnlyFans written out, "ONLYFANS.COM/STEPHMI." She also did this again at the Kentucky Derby. 

Read about how Steph Mi launched an airplane banner to promote her OnlyFans page at a baseball game and how much she earns per month

Here is our full coverage of how creators promote their OnlyFans

• Some adult-content creators are trying to make the jump from OnlyFans to a mainstream influencer career. Here's how 5 have leveraged OnlyFans to get brand deals and how they navigate social platforms.
• Although TikTok has strict content guidelines, some adult creators say the algorithm is worth it. Here are 3 OnlyFans creators who explained how they use TikTok.
• Reddit can be tricky if you don't understand the subreddit communities. Here is how 4 OnlyFans creators have found success on the platform.
• Some OnlyFans creators are getting paid to do promotional "shoutouts" for other creators. Here's how 9 creators have turned shoutouts into a separate income stream.
• Isla Moon has made almost $5 million on the platform. She's built a fanbase on social media by combining revealing content with content about her hobbies.
• Rayna Rose built an income of over $24,000 a month on OnlyFans. She kickstarted her career through a revenue-share deal with another creator.
• Liensue was able to build a dedicated fanbase without explicit nudity. She built her presence on social media and on OnlyFans by focusing on cosplay.
• Anne is an OnlyFans creator and stay-at-home mom. She primarily uses Reddit to promote her page.
• Chloe Sasha is a single mom of four who started up an OnlyFans after getting divorced. She heavily advertises on TikTok using multiple accounts. 
• Farrah is a former healthcare worker who posts most content without showing her face. She posts in 8 to 10 subreddits a day to promote her OnlyFans.
• Steph Mi has used airplane banners to promote her OnlyFans. She made 5 figures in a month using these creative marketing strategies to grow her page.  
• MelRose Michaels has been working in adult entertainment for over a decade, starting off as a "camgirl." Here is how she uses safe-for-work content to promote OnlyFans on platforms like YouTube and Twitter.
• "Mrs. Robinson," as she's known on OnlyFans, doesn't show her face in most of her content. She uses a "hot teacher" persona to stand out while only revealing her face in pay-per-view messages.
• Teddy Bear has been on OnlyFans since 2017 and has learned how to navigate different content guidelines over the years. Here is how he recommends OnlyFans creators promote discreetly on Instagram.
• Lizzy Capri is a YouTuber who formerly published content for kids. Here's how she "hard pivoted" to OnlyFans and how she built her income to $100,000 in just 11 months.

This story has been updated with new details.

When you buy through our links, Business Insider may earn an affiliate commission. Learn more

Sonos is one of the most popular audio brands around and it makes some of our favorite wireless speakers and soundbars. However, the company's lineup has been missing one notable category: headphones. That is, until now.

For the first time, Sonos is set to launch a pair of wireless headphones. Called the Sonos Ace, the new over-ear headphones are poised to compete with similar flagship offerings from Bose, Sony, and Apple. They promise all the essential features found on other top headphones, like Bluetooth support and noise-canceling, along with a few cool perks geared toward home theater fans, including Dolby head tracking and easy swapping between Sonos soundbars.

Below, we've broken down all the ins and outs of the Sonos Ace, including pricing and specs to help you decide if they're worth considering. We'll add more retail links once they become available. 

Sonos Ace price and preorder details

The Sonos Ace are now available to preorder for $449 from Sonos' online store and Best Buy. Color options include black and white. Preoders are expected to ship by June 5. We'll add more retail options once they become available.

Sonos Ace specs and features

The Sonos Ace are packed with all the core features that we've come to expect from a pair of flagship wireless headphones. They use an over-ear design and integrate a custom 40mm dynamic audio driver in each ear cup. Active noise-canceling with eight microphones is included, along with an Aware mode that lets in outside sound when you want to hear your surroundings. Aware modes, sometimes called Transparency modes, have become handy on many of the best noise-canceling headphones, including the Bose QuietComfort, so we're curious to hear how natural Sonos' implementation sounds.

For wireless playback, the Sonos Ace support Bluetooth 5.4 and they're compatible with the aptX codec on Android devices for higher quality transmission. You can also use a wired connection via the included 3.5mm to USB-C cable to get full lossless audio.

Dolby Atmos and Sony 360 Reality spatial audio formats are also supported via services like Amazon Music, Apple Music, Tidal, and Deezer. These formats use object-based mixing to create a 3D soundstage for music and movies. The Ace also make use of Dolby Head Tracking technology, which maps playback to your head movements as if you were in the middle of an actual surround sound system.

And unique to the Sonos Ace is an intriguing feature that allows them to seamlessly swap audio between the headphones and a Sonos Arc soundbar. By pressing a button you can go from listening to movies and TV shows through a Sonos Arc in a home theater setting to a private listening mode that's perfect for times when you don't want to disturb others. Best of all, this mode supports full lossless Dolby Atmos through the headphones, so you still get a full immersive surround sound experience. In addition to the Arc, this feature is set to expand to the Sonos Beam and Ray in the future.    

Sonos says the Ace can last for up to 30 hours and they support a quick-charge feature that can provide three hours of battery life from just three minutes of charging. This is something that the Sony WH-1000XM5 also offer. Finally, rounding out the package is a slim case with a magnetic cable pouch. 

Should you preorder the Sonos Ace?

On paper, the Sonos Ace headphones look like worthy rivals to other top options in this space like the Sony WH-1000XM5, Apple AirPods Max, and Bose QuietComfort Ultra. And their ability to swap playback between Sonos soundbars makes them uniquely suited for buyers who are already plugged into the brand's ecosystem of wireless audio products.

However, we can't fully recommend a pair of headphones until we've had hands-on testing time. We'll begin testing the Sonos Ace soon, so check back for our full review with detailed thoughts about their performance. Our judgement will have to wait until then, but we're excited to see how Sonos' first pair of headphones stack up to the competition. 

• Red Lobster filed for Chapter 11 bankruptcy after suffering significant financial losses.
• CEO Jonathan Tibus questioned the company's purchasing processes, including from owner Thai Union.
• The $20 unlimited shrimp promotion led to millions in losses and strained the supply chain.

Red Lobster didn't go bankrupt just because of too much endless shrimp.

But the company's CEO faulted owner and key seafood supplier Thai Union for its role in the shrimp debacle — and in Red Lobster's trajectory — in a filing on Sunday.

Jonathan Tibus, a turnaround expert who took the CEO job in March, wrote that Red Lobster had long bought much of its shrimp from owner Thai Union.

"I understand that Thai Union exercised an outsized influence on the Company's shrimp purchasing," Tibus said.

He said that Red Lobster executives objected to then-CEO Paul Kenny's May 2023 plan to add $20 unlimited shrimp to the menu permanently in May 2023. But Kenny forged ahead, a decision that cost Red Lobster $11 million in operational and financial expenses, he added.

While unlimited shrimp boosted traffic to the chain, profits suffered as customers took advantage of this low-margin deal.

The relationship with Thai Union "strained" Red Lobster's supply chain, and Kenny circumvented his company's normal buying processes, per Tibus. Kenny axed two shrimp suppliers "in apparent coordination with Thai Union and under the guise of a 'quality review.'"

As Red Lobster doubled down on unlimited shrimp, its supply chain was strained, "resulting in major shortages of shrimp," Tibus said.

Despite Red Lobster's dire straits, Thai Union has not offered additional financial support, per Tibus. He wrote that Red Lobster's debtors are investigating the relationships among Kenny, Thai Union, and Red Lobster.

Thai Union did not respond to a request for comment.

Problems went beyond shrimp

Red Lobster is perhaps best known for the all-you-can-eat shrimp promotion.

In an earnings call last November, Ludovic Garnier, the finance chief of Thai Union, told investors the promotion was "one of the key reasons for the losses we generated" in the third quarter of 2023.

As BI reporter Emily Stewart wrote earlier this month, the problem was never just shrimp: "The brand has been plagued by various problems — waning customer interest, constant leadership turnover, and, as has become a common tale, private equity's meddling in the business."

On Sunday, the seafood chain said in a statement that it had filed for Chapter 11 bankruptcy. Red Lobster said its restaurants will "remain open and operating as usual during the Chapter 11 process."

The development came just a week after it said it was closing over 50 branches in the US.

• This post originally appeared in the Insider Today newsletter.
• You can sign up for Business Insider's daily newsletter here.

Hello! If you had a billion dollars, you'd probably buy a few silly things. (For me, it's a ski mountain.) But what about a boat designed specifically for Navy SEAL missions and a Black Hawk helicopter? This billionaire defense entrepreneur did exactly that.

In today's big story, we're looking at Jamie Dimon's update on his eventual retirement. (For real this time.)

What's on deck:

• Markets: A former Goldman Sachs VP gives a firsthand account of the "boys only" culture that drove her out.
• Tech: Microsoft just gave us a look at AI-powered computers.
• Business: Millennials are throwing some cold water on the FIRE movement.

But first, JPM – JD = ?

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The big story

A retirement looms

The world's most recognizable banker might finally be ready to call it quits.

JPMorgan CEO Jamie Dimon, who has led the bank for almost two decades, said the plan to find his successor is "well on its way," at the bank's annual investor day, writes Business Insider's Paul Squire.

Dimon, who is 68 and has an incentive package to stay through at least 2026, had joked for years that he was five years away from retirement whenever the topic came up. But this time he nodded to his long-running joke, saying it's "not five years anymore."

The comings and goings of Wall Street executives are common, even at the highest levels. Two of the biggest US banks, Citi and Morgan Stanley, have named new CEOs over the past three years.

But Dimon and JPMorgan are a different story.

The bank's CEO since 2006 and chairman since 2007, Dimon's legacy has grown with JPMorgan's size. He helped the banking industry weather the 2008 financial crisis, growing JPMorgan into the largest US bank by assets.

There have been challenges, too, including a $6 billion trading loss thanks to the London Whale. But JPMorgan's continued success in recent years, including its help during the Silicon Valley Bank crisis, has only strengthened Dimon's position atop Wall Street.

As big as Dimon's shoes will be to fill, JPMorgan has been preparing for a while. 

Wall Street has long speculated about who will ultimately succeed Dimon. Earlier this year, the bank offered some clues with a leadership shuffle that saw Jennifer Piepszak, Marianne Lake, and Troy Rohrbaugh take on new roles.

But speculating where Dimon will end up is just as interesting an exercise.

Politics has long been viewed as Dimon's potential post-banking career. His most recent annual letter to shareholders reads like something a politician could build a campaign around.

He certainly seems to have a hang of the whole lobbying thing. A report from The Wall Street Journal this weekend identified Dimon as the key person organizing bank CEOs' fight against proposed regulations requiring lenders to hold more cash on their balance sheets.

Dimon's work paid off, with the Fed now looking to loosen its restrictions, according to the WSJ's report, which cited people familiar with the matter.

In the meantime, JPMorgan continues to push forward with Dimon at the helm. The bank's investor day included slides highlighting plans for its growth in areas like investment banking, AI, and tech spending, writes BI's Reed Alexander.

Dimon and other executives also addressed questions about the untimely death of a Bank of America banker and the impact within their firm, writes Reed.

However, with or without Dimon, investors didn't necessarily seem sold on the bank's vision. JPMorgan's stock finished down 4.5% on Monday.

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3 things in markets

1. What Goldman Sachs is getting wrong with its women employees. Lindsay MacMillan was named vice president at the bank by the time she was 28, but left feeling burnt out. The work wasn't the issue — it was feeling like she had to keep her feminine side tucked away on the job.
2. More than a third of US states are showing signs of real economic trouble. Nancy Lazar, Piper Sandler's chief global economist, highlighted the recent uptick in average unemployment in 19 states as a sign a recession could be looming. The fact the wealthy are still sitting pretty highlights our "very bifurcated economy, unstable economy," she added.
3. FDIC boss resigns. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found, per The Wall Street Journal. Gruenberg's resignation comes after an independent report described the FDIC's work culture as "patriarchal," "misogynistic," and "insular."

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3 things in tech

1. More AI is coming. This time, it's for our PCs. Microsoft just unveiled its Copilot+ PCs, which start at $999. The announcement came ahead of Build, Microsoft's annual developer conference, where it's expected to reveal more of its AI innovations.
2. Neuralink is making some changes. After getting the FDA go-ahead for a second implant, Neuralink will embed the wires deeper into the brain to fix problems it encountered with its first patient. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.
3. OpenAI angers Scarlett Johansson. The "Her" actor said in a statement on Monday that she had previously turned down Sam Altman's request to voice GPT-4o — and so was "shocked" and "angered" after OpenAI released a voice for its new model that sounded "eerily similar" to her own.

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3 things in business

1. Millennials' take on the FIRE movement is more about financial independence than slowing down from work. For a certain group of millennials, the FIRE movement — or financial independence, retire early — isn't all about an easy retirement. Instead, they're busy creating their own versions of life after work.
2. Hims & Hers is getting into the weight-loss drug game. The online pharmacy said it will sell weight-loss injectables starting at $200 a month — far less than competitors like Ozempic. The company's stock surged more than 30% on Monday in response to the news.
3. Red Lobster goes bankrupt. The troubled restaurant chain — best known for its all-you-can-eat shrimp promotion — said in a statement on Sunday that it had filed for Chapter 11 bankruptcy, although its restaurants will stay open for now.

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In other news

• Former Iranian official partly blames US sanctions for the helicopter crash that killed its president.
• What Donald Trump might do if he wins a second term in 2024.
• Diddy's downfall: Sean Combs' career looks bleak after leaked tape, entertainment lawyer says.
• OpenAI pulls ChatGPT's 'Sky' voice after users compared it to Scarlett Johansson.
• Here's how much money you need to make to be middle class in each US state.
• Bill Gates thinks you should read this new book to get smarter on how AI will transform education.
• How Khaby Lame, the world's most-followed TikToker, built his business and where he's headed next.

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What's happening today

• Today's earnings: Lowe's, Macy's, and other companies are reporting.
• Microsoft's BUILD developer conference starts today.

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The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. George Glover, reporter, in London.

• Ukraine's navy is trying to verify whether it destroyed the Tsiklon, a Russian missile carrier.
• If confirmed, it would mean Russia has no more missile carriers in Crimea, a naval spokesperson said.
• Details of the claimed strike and its exact casualties are still emerging.

Ukraine's navy claims it has likely destroyed the last of Russia's cruise missile carriers operating out of the crucial Black Sea peninsula of Crimea.

In remarks made to Radio Free Europe, Ukraine's navy spokesperson Dmytro Pletenchuk said the navy was currently trying to verify whether or not it had destroyed the small missile carrier "Tsiklon" on Saturday.

If confirmed, it would mean there is no longer a Russian missile carrier based out of the key peninsula, he told the outlet.

Russia seized Crimea from Ukraine in 2014, and it is home to Russia's Black Sea Fleet headquarters at Sevastopol.

According to KCHF.ru, a Russian site that closely follows news of the Black Sea Fleet, the Tsiklon only entered into service in July.

The vessel's launcher enables cruise missile strikes against ground targets at a distance of up to 1,500 miles, it said.

Pletenchuk, in his interview with Radio Free Europe, said that the Tsiklon may have been hit in addition to the Russian minesweeper "Kovrovets."

The Ukrainian navy earlier claimed to have destroyed the minesweeper in Saturday's attack, hailing it as "another bad day for Russia's Black Sea Fleet."

Ukraine has not provided further details of the attack, such as where it took place or what weaponry was used. However, subsequent reports have noted the ships were based out of Sevastopol.

Russia has not commented on any damage to its ships, saying on Saturday only that it shot down nine ATACMS missiles and one drone over Crimea.

Business Insider was unable to independently confirm the claims.

Crimean Wind, a pro-Ukrainian group that monitors information in Crimea, noted on Telegram that on the night of the claimed attack a ship of similar length to the Tsiklon disappeared from satellite imagery at Sevastopol.

Pro-Russian Telegram channel Spy Dossier, citing its own sources, also said the Tsiklon had been struck.

Separate analyses of open-sourced social media posts by Radio Svoboda, published on Monday, raised the possibility that the Tsiklon, and not the Kovrovets, was hit.

The Ukrainian navy did not immediately respond to BI's request for comment.

If the Tsiklon was destroyed, it would be a blow to Russia, with the rest of its missile carriers now based at Novorossiysk, Pletenchuk said.

Last year, Russia relocated much of its Black Sea Fleet from Sevastopol, its home port, to Novorossiysk, hundreds of miles away on the Russian coast.

The move came amid Ukraine's ongoing campaign against Russian Black Sea ports and warships, using cruise missiles and drones.

In April, Ukraine claimed to have destroyed or damaged a third of the Russian fleet.

• The Saudia Group announced an order for 105 Airbus jets on Monday.
• It comes as a reported Boeing order from Riyadh Air, also government-owned, has yet to materialize.
• Its CEO blamed negative media coverage as to why he hasn't yet announced the deal.

The Saudia Group announced Monday a huge Airbus order in a blow to Boeing.

105 narrowbody jets — a mix of A320neo and A321neo models — will be distributed between the flag carrier Saudia and its subsidiary low-cost-carrier flyadeal.

In a press release, the Saudia Group called it "the largest aircraft deal in Saudi aviation history."

Saudia is owned by the country's government, and the airline's chairman is also the transport minister.

The deal suggests Boeing's reputation is worsening around the world because the planemaker has formerly won big orders from the kingdom.

Last March, Saudi Arabia founded a second national airline, Riyadh Air, which placed an order for up to 72 Boeing 787 Dreamliners.

Boeing also looked set to win the deal for Riyadh Air's narrowbody jets. Shortly before last November's Dubai Air Show, Bloomberg reported that Riyadh Air was eyeing up an order for as many as 100 Boeing 737 Max jets.

However, that order has yet to materialize.

Tony Douglas, the Riyadh Air CEO, blamed negative media coverage during an interview with Reuters on Monday.

"What happened was the media three weeks later spent every hour of every day writing negative stories about commercial aviation," he said.

Douglas told Reuters he wasn't referring to January's blowout, in which an Alaska Airlines Boeing 737 Max lost a door plug in midair.

"The last thing I want to do is present my good news and have it in a context of things that are going on elsewhere, which are not quite as positive," he added. "Be it Airbus can't deliver on time [or] Boeing is having some technical problem."

• Broadcom boss Hock Tan is the highest-earning CEO in the US, per a Wall Street Journal analysis.
• But Tan has to fulfill certain criteria to get his full $162 million pay package.
• Palo Alto Networks' Nikesh Arora and Blackstone's Steve Schwarzman also have nine-figure compensation packages.

America's highest-paid CEO isn't Apple's Tim Cook, Tesla's Elon Musk, or Meta Platforms' Mark Zuckerberg — it's Broadcom's Hock Tan, The Wall Street Journal found in an analysis published this week.

Tan was awarded $162 million in compensation last year, but it comes with a catch: he'll only receive the full amount if his company's stock hits a certain level by 2025, the WSJ said.

Broadcom said that Tan's pay was also dependent on him remaining in his role for another five years, and that he won't get any more equity or cash bonuses until that period has passed.

The semiconductor company's shares are up 27% this year and 106% over the past 12 months, lifting its total market capitalization to $655 billion.

Malaysia-born Tan has been Broadcom's CEO since 2006, and previously topped the WSJ's list in 2017, when he was awarded $103 million.

Two other CEOs made nine-figure salaries in 2023, per the analysis: Palo Alto Networks' Nikesh Arora and Blackstone's Steve Schwarzman.

Arora made $151 million, mostly in the form of share grants covering the next three years, while Schwarzman — who's known for his opulent lifestyle and his past support of Donald Trump — earned $120 million.

Shares in Palo Alto Networks and Blackstone jumped 110% and 54% last year, respectively.

Apple's Cook, Netflix's Ted Sarandos, and Warner Bros. Discovery's David Zaslav also cracked the list of the US's 10 best-paid CEOs, while no women featured in the top 25.

• Jamie Dimon shared a bunch of his worries during JPMorgan's investor day.
• The bank's CEO flagged the risks of sticky inflation, higher interest rates, and dwindling savings.
• The Wall Street billionaire warned about global conflicts and excessive government spending.

Jamie Dimon aired a laundry list of concerns during JPMorgan's investor day on Monday, ranging from sticky inflation and government largesse to overseas clashes and a burgeoning cash crunch.

"I'm cautiously pessimistic," Dimon said, according to a transcript provided by AlphaSense. Between the conflicts raging in Ukraine and Gaza, and rising tensions between countries like the US, Russia, and China, he bemoaned the "most complicated geopolitical situation" since World War II.

"I look at the world situation and I'm quite cautious," the JPMorgan CEO said before echoing Warren Buffett: "I like having a lot of extra capital right now to tell you the truth."

Dimon warned against dismissing inflation and elevated interest rates as temporary headwinds. Annualized price growth has slowed from a 40-year high of over 9% to below 4% within the past two years, but still remains above the Federal Reserve's 2% target. The central bank raised rates from nearly zero to north of 5% to tackle the problem, and hasn't yet made its first cut.

"It's possible that inflation is embedded in the system at 4% for the next year, and there's not a damn thing anyone can do about it," he said.

The billionaire banker also underlined that if rates climb higher, it could change the calculus for investing in many types of assets. Higher rates tend to erode the appeal of risk assets like stocks and housing by boosting the guaranteed returns from savings accounts and Treasurys.

"That's a different world for real estate. It's a different world for assets. It's a different world for private credit. It's a world that a lot of the people in the world have not seen," Dimon said.

The Wall Street heavyweight also emphasized that people are feeling the pinch from historic inflation — which has made basics like food, energy, and housing more costly — and steeper rates that have raised the monthly payments due on their car loans, credit cards, and mortgages.

"We do know the consumers are running out of excess money. Small businesses are running out of excess money. We don't know when it's going to end, but it looks like sometime early next year."

Dimon rang the alarm on the budget deficit and national debt too, warning that both are set to worsen over the next decade and beyond.

"Somewhere along that journey, and I don't know if it's six months, six years, or 16 years, it will be a problem," he said.

The bank chief has voiced similar concerns in recent weeks. In October, he warned of the "most dangerous time" for the world in decades. In his shareholder letter this year, he called out market complacency toward the threats of inflation, interest rates, and recession.

• OpenAI removed a ChatGPT voice that sounded like Scarlett Johansson after she lawyered up.
• It's risky territory — AI firms are often accused of misusing creative work, and this is a vivid, personal example.
• Johansson is a tough operator — she sued Disney in 2021 and got a settlement.

OpenAI made an enemy of Scarlett Johansson when it launched a ChatGPT voice that sounds a lot like her.

The superstar could be a foe that Sam Altman's AI company regrets tangling with.

In a statement to Business Insider on Monday, Johansson said she was "in disbelief" at the similarity between Sky, OpenAI's new product, and her own voice.

The company had asked her to collaborate on a voice product, she said — but she turned it down.

OpenAI says it was just a coincidence — that the voice is another woman who sounds like her.

But to Johansson, it seems like the company just went ahead without permission.

Johansson is not a stranger to squaring up to big companies, even those that employ her.

In 2021, she sued Disney over the release of "Black Widow," saying that it deprived her of earnings by modifying the movie's release schedule.

Disney settled. While the terms were never made public, it looked like a victory for Johansson and was clearly enough to satisfy her.

OpenAI in turn did not seem eager for a fight, pulling Sky at short notice.

It's understandable — Johansson's grievance is a vivid and powerful demonstration of the increasingly prominent concerns around AI.

In her statement, Johansson cited worries anyone could share — deepfakes, protecting your own likeliness.

She also cited grievances specific to creatives whose likeness is their source of income.

Last year, Hollywood was convulsed by strikes, fueled in part by actors anxious that AI could one day mimic them so well that they would lose their livelihoods.

Hollywood's power brokers conceded — the Alliance of Motion Picture and Television Producers struck a deal with the SAG-AFTRA union requiring consent to create AI versions of performers.

It established a new norm that, in Johansson's view, OpenAI disregarded, in an echo of the archetypal Silicon Valley "move fast and break things" approach.

And Johansson is not unique. Smaller actors are suing AI firms, alleging the same kind of thing.

Some publishers, notably The New York Times, are suing too.

It alleges that OpenAI's used its archive to train products like ChatGPT, and is demanding a settlement in the billions of dollars.

Those cases are hard to get too excited about — a text archive is nowhere near as emotive a thing as a voice.

And that's what could make Johansson such a dangerous adversary — a superstar, an ax to grind, and the platform from which to do it.