Insider Finance - Business - Elite investors are freaking out

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February 22, 2023

Hello, Insiders. I want to recognize some of the phenomenal work that Insider has produced this Black History Month.

Our Voices of Color team has shared how Black Americans made Mardi Gras their own, examined the 50-year evolution of hip-hop, and traced the 500-year history of how sorrel became the original "Red Drink."

The team has also highlighted 12 Black presidential candidates who paved the way for Black leaders in US politics, and dug into the 123-year history of "Lift Every Voice and Sing," the song known as the Black national anthem that was recently sung at the Super Bowl. Stay tuned for more from the team. But now, the news.

— Nicholas Carlson

In today’s edition: Wall Street’s elite investors are privately warning about the stock market, and millions of millennials are poised to enter their midlife crisis. Plus, take a look at a $130,000 bulletproof tiny home. If this was forwarded to you, sign up here.

THE LATEST

Putin, Amazon, & more

Putin and Biden delivered starkly different speeches after nearly a year of war. Biden hailed Ukraine’s resilience; Putin ranted about Nazis and nukes. Read more.
A Georgia special grand jury wants indictments for Trump's efforts to overturn the 2020 election: “It's not rocket science.” Get the details.
Amazon's internal Slack channel is blowing up after employees were told to return to the office. Now they're creating a petition to fight back. Our scoop here.

THE BIG STORY

Elite investors are worried

Getty Images; Alyssa Powell/Insider

The stock market started the year in a state of euphoria, shrugging off the anxieties that dominated investors' minds over the prior 12 months: inflation, hot war, cold war, soaring interest rates, recession.

But as senior correspondent Linette Lopez reports, this elation has lulled Wall Street into a false sense of security. In private, some of the investing world’s elite are warning that this complacency will make the stock market’s coming reversal even more excruciating.

“We haven't left the bubble,” the investment chief for a large family office warned. The stock market is still deep in the woods — and there are bears in this forest.

READ THE FULL STORY HERE

TOP READS

Millennial crisis, 'golden visa,' & more

Alexander Spatari/Getty Images

Portugal is shutting down its popular (and controversial) “golden visa” program, in which foreigners who purchased property worth at least 500,000 euros could receive residency status. But there are still two other ways you can get a residency permit — and for less money.
Millions of millennials could soon enter a midlife crisis. But they're not going to respond the way Gen Xers and boomers did. Instead, they're likely to spend and divorce less and to value experiences more. Here’s what to know.
What “biological age” actually means. Many people are trying to slow down their biological clocks by using supplements, medicines, and lifestyle changes. But scientists say it’s not clear whether antiaging is possible in humans. Here’s what we know about biological age.
“I live on a cruise ship for half of the year.” Christine Kesteloo lives on a cruise ship with her husband, the cruise’s staff chief engineer, for six months a year. She describes their cabin as tiny, but perfect — with a private wraparound veranda making it the best room on the ship. Take a look inside.
Check out Mercedes-Benz’s first electric SUV for the US. Insider’s Tim Levin tested the $107,000 EQS, which is packed with impressive features and a luxurious interior. Take a closer look.
Two Black women founded a clinic to help people of color safely navigate birth. Based in Los Angeles, the birth center Kindred Space LA gives parents-to-be an alternative option to traditional hospital care and addresses a lack of diversity in midwifery. Read the story here.
40% of employees in a four-day-workweek trial reported fewer sleep issues. About 2,900 employees and 61 companies participated in the trial, with 92% of the companies saying they would continue with the four-day schedule. Find out more.
Salesforce leaks. CEO Marc Benioff made revisions to the company's strategic plan, which previously involved asking managers to rank their lowest 5% of employees. He also ordered employees to return to the office, despite previously slamming the idea. More from the leaked messages.

TAKE A LOOK

Bulletproof home

Gonzalo Viramonte, Hüga Technology

A $130,000 bulletproof concrete modular tiny home has seen strong demand in the US — see inside the units set to be delivered this year.

WATCH THIS

Singapore Airlines food

Inside Singapore Airlines meal service: With a whopping $500 million food budget, catering chefs for Singapore Airlines pump out 19 million in-flight meals a year. But cooking food for 30,000 feet is anything but easy. Watch to find out how they do it.

CAN'T GET ENOUGH?

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This edition was curated by Nicholas Carlson and edited by Hallam Bullock, Lisa Ryan, Dave Smith, Nathan Rennolds, and Kevin Kaplan. Get in touch: insidertoday@insider.com.

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Insider Finance - Business - Elite investors are freaking out

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