Deliormanli/Getty, Olivier Verriest/Getty, Andrei Akushevich/Getty, Tyler Le/BI
- The housing market takes a chill pill. Real estate is in the midst of its biggest slowdown since before the pandemic, with sales dropping and homes sitting for longer on the market. In the meantime, there’s good news for those who already own homes: Lower rates mean it’s prime time to refinance.
- Is MrBeast the final boss of “founder mode”? A business handbook penned by the embattled YouTube star set the internet abuzz when it leaked this week. In the doc, the creator emphasizes his desire for employees who are “obsessive” about work and thirsty for success — so it’s strangely fitting that his next venture is apparently promoting access to clean water.
- It could be the end of an era for publishers on Snapchat. Publishers worry the app’s upcoming redesign, which merges Stories and Spotlight into a TikTok-like feed, will deprioritize their content. Snapchat is the latest company to deemphasize traditional media outlets in favor of creators, a move that could hinder publishers’ ad revenue and visibility.
In other news
- Alex Jones’ empire is getting stripped for parts. It won’t be the last of him.
- Why Micron is the latest AI darling — for today at least.
- See the luxury hotel suite feds say Eric Adams paid only $600 for when the stay was worth $7,000.
- Jamie Dimon says American schools should teach nutrition and financial literacy.
- Influencers are shepherding their online followers to IRL events as they look to build communities and make money.
What’s happening today
- Higher tariffs on multiple Chinese goods take effect, including 100% on electric vehicles, 50% on solar cells, and 25% on steel, aluminum, EV batteries, and key minerals.
- New York Film Festival begins.
The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Jack Sommers, deputy editor, in London. Nathan Rennolds, editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.
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