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El Encanto spans seven acres in the Santa Barbara hills.
Mike Kelley
Justin and Tyler Mateen, along with Culver Capital, acquired El Encanto Hotel from LVMH.El Encanto, located in the hills of Santa Barbara, was LVMH's only US hotel.See inside the hotel, which sold for $82.2 million, or around $900,000 per room.A historic, luxury hotel in the hills of Santa Barbara, California, is under new ownership.
Brothers Justin and Tyler Mateen and Culver Capital purchased the El Encanto Hotel, a 90-room...
Trump's tariffs could shrink Canada's economy by 2.1% in real terms.
Carlos Osorio/REUTERS
Trump's tariffs could shrink Canada's economy by 2.1% in real terms, says The Budget Lab of Yale.Canada faces a 35% tariff threat by August 1, on top of tariffs on potash, steel, and automobiles.The US ranks second in terms of economic damage due to tariffs, the Budget Lab report shows.The US's second-largest trading partner may be bearing the brunt of President Donald Trump's tariffs.
A new report by The...
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Amazon/Business Insider
It's the final hours of Amazon Prime Day. If you're not all spent out, there's one final deal destination to explore, and that is Amazon Haul.
I've only recently given much notice to this flashy section filled with a hodgepodge of items in all categories and quality. This new deals section is very reminiscent of what you may find on Temu, Shein, or the chaos that is TikTok Shop,...
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Amazon/Business Insider
Unfortunately, it's still Prime Day. So that means while everyone else my age is out enjoying a beautiful summer evening or watching Manhattanhenge, I'm tethered to my computer, writing about deals. The good news is that my bosses have all gone home for the day, so there's no one here to tell me I can't write an article about all the things I personally want to buy this Prime...
The OpenAI logo
Chelsea Jia Feng/Paul Squire/BI
Windsurf's CEO and several key researchers at the AI coding assistant startup are headed to Google.On Friday, the $3 billion deal with OpenAI had been called off."We're excited to continue bringing the benefits of Gemini to software developers everywhere," Google said.Windsurf's CEO and several key researchers at the AI coding assistant startup are headed to Google.
In a statement to Business Insider, a Google spokesperson confirmed that Windsurf...
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Here's what to shop on the final day of the sale.Amazon/Business Insider
I've spent over 100 hours testing coffee machines, and if there's one thing I've learned for certain, it's that coffee tastes vary greatly. While some appreciate the artistry of a beautifully brewed cup of specialty beans, others (myself included) love the ease of ordering an iced coffee from Dunkin'. My guide to the best Prime...
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Business Insider
This is it, folks. Amazon Prime Day finally ends tonight after its longest-ever four-day run. That doesn't mean you should casually browse or stash items in your basket until the last minute, as we've seen plenty of items sell out.
After all, having something in your basket doesn't mean it's reserved for you until the end of the day. So, as much as it's nice to wrap up a transaction in...
Justin Bieber with his son, Jack Blues Bieber, in a press photo for "Swag."
Renell Medrano
Justin Bieber released a surprise new album, "Swag," amid recent public scrutiny.Via spoken-word interludes, Bieber addresses his social media posts and run-ins with paparazzi.The album succeeds in shifting focus away from Bieber's antics and back toward his artistry.Justin Bieber has been a magnet for controversy lately. But his decision to forego the traditional celebrity damage control routes and...
Palmer Luckey, a founder of Erebor Bank.
Patrick T. Fallon/Getty Images
Anduril cofounder Palmer Luckey is launching Erebor, a bank that will serve crypto clients and startups.BI obtained a memo that describes leadership at the neobank.The executives have ties to traditional banking, politics, and Big Law.Palmer Luckey, CEO of defense tech giant Anduril Industries, is quietly building a new digital banking venture — and we now know more about who will be helping him.
The startup, Erebor, is...
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You can save on USB-C portable power bank batteries and wall chargers right now for Prime Day.Amazon
Whether you're using a phone, laptop, smartwatch, or wireless headphones, it's imperative to have a reliable charger around the house. Likewise, it's handy to have a portable power bank to take on the go so you never run out of juice when traveling. That's why we've rounded up the best Prime Day power...
Apple looks like it is going to win the rights to show F1 races to US fans.
Wu Lu/Xinhua via Getty Images
Apple looks like it's going to win the rights to stream F1 races to Americans starting next year.ESPN currently owns those rights, but Apple is apparently willing to pay much more than ESPN is willing to pony up.This will be the third sports streaming deal Apple has done. But it has yet to stream NFL games — by far the most popular programming in America.Apple had a box-office hit with...
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These are the best back-to-school deals you can find before Prime Day ends tonight.Amazon; Business Insider
As hard as it is to believe, both summer and the Prime Day deals are almost over. So, there's no better time to stock up on school supplies and back-to-school essentials than the last few hours of the sale.
Out of all the deals I found, I especially recommend the 34% discount on Paper Mate Felt...
Large numbers of humanoid robots are on the way, Figure AI founder Brett Adcock says.
Andrey Suslov/Getty Images
Humanoid robots will soon be common, says Brett Adcock, founder of robot company Figure AI.In time, "the humanoid robot will be the ultimate deployment vector for AGI," Adcock said.Investors are backing the space, with $6.1 billion in VC dollars going to robotics in 2024."The home is coming," Brett Adcock, the founder of robotics company Figure AI, says.
"The home is like...
AWS CEO Matt Garman
Amazon
AWS will generate billions in extra revenue from its Anthropic partnership: Morgan Stanley.Amazon's $8 billion investment in Anthropic was valued at $13.8 billion earlier this year.Morgan Stanley believes AWS's revenue growth will accelerate.Amazon's partnership with Anthropic has been a big success and is set to drive significant growth in the tech giant's cloud business in coming years, according to new estimates released on Friday.
Amazon Web Services stands to...
Waze cofounder Uri Levine said his No. 1 piece of retirement advice is to start planning for retirement earlier than you might think.
Tasos Katopodis/Getty Images for Anti-Defamation League
Waze cofounder Uri Levine suggests starting to think about saving for retirement at age 18.He founded Pontera, a company that offers financial advisor software to help manage 401(k)s.Levine said many people don't start investing early enough.Despite building two companies that sold for at least $1 billion,...
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There were some overwhelmingly popular Prime Day deals among Business Insider readers, including…avocados?Amazon/Business Insider
Amazon Prime Day is running four days long this year, and with the expanded timeline is a chance to pick apart the data of what people are buying amid an uncertain economy. Like most publishers, we can see what products readers have purchased through our affiliate links,...
"Artificial," a movie based in part on OpenAI CEO Sam Altman, is scheduled to debut next year. The film's script bears at least a passing resemblance to 2010's "The Social Network," about Facebook CEO Mark Zuckerberg.
Kevin Dietsch/Getty Images
Amazon's "Artificial" film about OpenAI and Sam Altman is slated to debut next year.It sure sounds a lot like "The Social Network" — the Mark Zuckerberg/Facebook movie from 2010."The Social Network" defined how lots of people view Mark Zuckerberg...I rarely use my Capital One Venture X card to make purchases, but I'm still impressed by the benefits that come with it.
Mystockimages/Getty Images
I pay $395 a year for the Capital One Venture X card and find it's a good deal.I like having a complimentary Priority Pass membership and access to Capital One airport lounges.Although this isn't my most-used card, I like the perks and credits it comes with.Nobody likes to pay annual fees for their credit cards — but savvy cardholders will...
Before and after photos of damage at Al Udeid Air Base last month.
Planet Labs
Iran fired a volley of missiles at a major US military base in Qatar last month.The Pentagon confirmed on Friday that one missile struck Al Udeid Air Base.Satellite imagery reveals some damage to the facilities after the attack.The Pentagon said on Friday that an Iranian ballistic missile struck a major US military base in Qatar last month, with satellite imagery revealing some damage to equipment at the facility.
A...
Nvidia CEO Jensen Huang at a recent conference in Paris.
Sarah Meyssonnier/REUTERS
Nvidia's rapid valuation surge to $4 trillion is enriching its relatively small workforce.Take a look at the math behind a mid-career Nvidia engineer's 2022 stock grant.More senior Nvidia staffers are probably multi-millionaires, a Google engineer's analysis suggests.Nvidia's rapid rise to $4 trillion has created a breathtaking windfall for its relatively small workforce.
The AI chip company employs only about...