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Saturn is officially losing its rings — and they're disappearing much faster than scientists had anticipated

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  • Saturn is losing its rings.
  • New data from NASA's former Cassini spacecraft has revealed that the rings will be gone 200 million years sooner than previously estimated.
  • We explain what's going on with Saturn's rings and why they're disappearing at a faster rate than previously thought.

If you were to pick Saturn out of a lineup you’d probably recognize it by its iconic rings. They’re the biggest, brightest rings in our solar system. Extending over 280,000 km from the planet; wide enough to fit 6 Earths in a row. But Saturn won’t always look this way. Because its rings are disappearing.

That’s right, Saturn is losing its rings! And fast. Much faster, even, than scientists had first thought. Right now, it’s raining 10,000 kilograms of ring rain on Saturn per second. Fast enough to fill an Olympic-sized pool in half an hour.

This rain is actually the disintegrated remains of Saturn’s rings. Saturn’s rings are mostly made up of chunks of ice and rock. Which are under constant bombardment: Some by UV radiation from the Sun and others by tiny meteoroids.   

When these collisions take place, the icy particles vaporize, forming charged water molecules that interact with Saturn’s magnetic field; ultimately, falling toward Saturn, where they burn up in the atmosphere.

Now, we’ve known about ring rain since the 1980s when NASA’s Voyager mission first noticed mysterious, dark bands that turned out to be ring rain caught in Saturn’s magnetic fields. Back then, researchers estimated the rings would totally drain in 300 million years. But observations by NASA’s former Cassini spacecraft give a darker prognosis. Before its death dive into Saturn in 2017, Cassini managed to get a better look at the amount of ring-dust raining on Saturn’s equator.

And discovered that it was raining heavier than previously thought. With these clearer observations, scientists calculated the rings had only 100 million years left to live. Now, it’s tough to imagine a ringless Saturn.

But for much of its existence, the planet was as naked as Earth. While Saturn first formed around 4.5 BILLION years ago, studies suggest the rings are only100- 200 million years old, tops. That’s younger than some dinosaurs.

So when you think about it, we’re pretty lucky we happened to be around to see those magnificent rings. Really lucky, in fact. Because efforts to study those rings have led us to other discoveries.

For example, as Cassini explored Saturn’s moon Enceladus, it uncovered a trail of ice and gas leading back to Saturn’s E ring. Enceladus is the whitest, most reflective moon in our solar system.

And by studying the ring more closely, scientists now know why. Turns out, the moon is constantly gushing out gas and dust.

Some of it ends up in space and in the E ring while the rest snows back onto the moon’s surface, creating a blinding white frost.

So, who knows what other discoveries might be hiding within the rings? At the very least, it’s clear we’d better keep looking while we still can.

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Federal Reserve study shows US card payments grew 10% in 2017

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This story was delivered to Business Insider Intelligence "Payments Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here.

Card payment volume in the US increased 10.1% between 2016 and 2017 to reach 123.5 billion total card transactions, according to a new Federal Reserve study. That growth marks an acceleration from the 7.4% advance made from 2015 to 2016, when total card payment volume reached 112 billion transactions.

Growth in Volume by Payment Typre

Debit cards were the most popular payment card, making up nearly 67% of card payments in 2017. Additionally, the number of in-person chip-authentication card payments increased to comprise 41.6% of all in-person transactions. 

Decreasing ATM withdrawals and check usage, coupled with an uptick in remote payments, helped accelerate this increase in card volume: 

  • The study specifically highlights e-commerce as a growth driver. Remote card payments grew 22.8% between 2016 and 2017, whereas in-person card payments grew only 7.2% in the same period. E-commerce popularity in the US will continue fuel remote card payment volume: US e-commerce sales are expected to surge from $453 billion in 2017 to $1 trillion in 2023. But an increase in remote card payments could lead to an uptick in fraud — counterfeit fraud decreased at EMV-enabled merchants by 75% between September 2015 and March 2018, which has caused fraudsters to increasingly target more vulnerable channels like checkout pages, and pushed e-commerce fraud to increase 30% in 2017. 
  • ATM withdrawals are gradually declining as US consumers grow less reliant on cash. ATM withdrawal volume declined 2.8% between 2016 and 2017. This gradual decline reflects an emerging trend of fewer US consumers relying on cash: 29% of US adults say they don’t make purchases using cash during a typical week, up from 24% in 2015, according to a recent Pew study. And 46% of respondents in the same study said they don’t worry about keeping cash on them because there are other ways to pay, which is likely consistent with the growth in card usage.
  • Check usage is declining as digital payments become more popular.Payment volume for checks fell 4.8%, which is an acceleration from the 3.6% decline the previous year. But the value of checks increased 7.5%, after decreasing 3.7% from 2015 to 2016, which indicates that, while people are using checks less regularly, they're also turning to them for higher-value transactions. Meanwhile, the report highlights bill payments as another remote payment type driving card volume. As that market continues to grow — Business Insider Intelligence expects the digital bill pay market to expand from 56% of total bills in 2016 to 77% in 2022 — it will likely accelerate the decline of checks. 

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SEE ALSO: The digitization of daily life is making phones and connected devices the preferred payment tools for consumers — here's what that means for stakeholders

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Bitcoin 101: Your essential guide to cryptocurrency

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A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration

Bitcoin is everywhere.

The cryptocurrency is seemingly in the news every day as investors and businesses try to understand the future of this digital finance.

But what is Bitcoin all about?

Why is it suddenly on every financial news program?

And what does it mean to you?

Find out the answers to these questions and more in Bitcoin 101, a brand new FREE report from Business Insider Intelligence.

To get your copy of the FREE slide deck, simply click here.

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There are 4 ski destinations in the world where homes consistently sell for over $25 million, and only one of them is in the US

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Aspen Colorado home

  • Real estate consultancy Knight Frank's report on global ultra-prime destinations includes four ski destinations.
  • Three of those are in the Alps, including St. Moritz, the hidden gem beloved by the 1%.
  • Aspen is the only American market represented in the list of ultra-prime real estate markets.

The world's wealthiest people are buying homes in four main ski destinations globally, and they're focused mostly in the Alps. The only exception to the European dominance in this field — and it comes as no major surprise, given its reputation and prices — can be found in Aspen, Colorado.

That's according to a recent Knight Frank report on the global ultra-prime market, which looks at destinations that have seen at least three home sales over $25 million every year for the past three years running.

Those four ski destinations fit into a larger scheme of 17 total ultra-prime destinations, including cities like London, Hong Kong, and Singapore.

While the town is home to a year-round population of only about 7,400, Aspen has for years been recognized as a hot spot for the rich and famous, attracting the likes of Kim Kardashian and Kanye West, Elton John, and Jack Nicholson.

Media mogul Lachlan Murdoch numbers amongst the high net-worth individuals who have contributed to Aspen's ultra-prime standing; in 2017, he bought a $29 million mansion that includes a horse stable and a 300-bottle wine cellar.

Read more: 50 of the best ski resorts to visit this winter in the US and Canada, ranked from most expensive to least

The three European ski destinations can be found in St. Moritz, Courchevel, and Gstaad. The first two, in particular, are familiar names amongst celebrities and business moguls looking to kick back in style on and off the slopes, and both are host to resorts that have historically been listed amongst the most expensive in the world.

St. Moritz is, as Business Insider's Hillary Hoffower previously reported, a Swiss resort "... with world-class skiing, the birthplace of Alpine winter tourism, twice a home to the Winter Olympics, and a hidden gem for the one percent."

Gstaad, meanwhile, also in Switzerland, is home to the winter campus of the world's most expensive school, Switzerland's Institut Le Rosey.

SEE ALSO: A new report reveals the 17 most popular housing markets for the world's richest people, and a notoriously expensive city is missing from the list

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NOW WATCH: You've probably been cooking your turkey all wrong — here's how to do it in 90 minutes flat

'Something is wrong': 2 major US markets are out of whack

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The 10-year Treasury yield vs. S&P 500 change

  • A disconnect has formed between the S&P 500's performance and the 10-year yield, according to a note from Deutsche Bank's chief international economist.
  • "US long rates are too high or S&P 500 is too low," Torsten Sløk said, illustrating his point with a chart of the S&P 500's year-over-year change and the 10-year Treasury yield.
  • The two have diverged sharply since the start of this year, leading Sløk to believe the disconnect has come as a result of the Treasury market pricing in the corporate tax cut — while the stock market has not.

The relationship between the US stock and bond markets has broken down, according to a new Deutsche Bank analysis that underscores uneven fundamentals between the two.

The US 10-year Treasury yield has diverged sharply from the S&P 500's year-over-year change, leading Torsten Sløk, the firm's chief international economist, to contend that either the stock market is "too low," or that long-term rates are "too high." Either way, he said, "Something is wrong."

"What is safe to say is that there is something driving equities lower, which is not impacting rates," Sløk added. "Or there is something keeping long rates high, which is not impacting equities."

The S&P 500 has plunged more than 12% over the last year, as shown in the chart above, while the yield on the 10-year Treasury note has dropped as sharply. At 2.749%, the note's yield is down from its 2018 peak of 3.248% in October, but up from 2.405%, where it began the year.

The disconnect, which appears to show that the stock market is reacting to information the Treasury market is not, could be the result of algorithms and so-called "momentum traders," who execute trades based on price trends, Sløk added.

"But this explanation is puzzling because Treasuries would normally be the safe parking spot for computers worried about a downturn."

Read more: Machines driving a 'fire sale' is a top market risk in 2019, Deutsche Bank says

More likely, he wrote, is that President Donald Trump's tax-reform package — specifically the tax cut for US corporations has been priced into the Treasury market, but not into the stock market.

"What happened in January 2018 was that the corporate tax cut had to be financed by a significant increase in Treasury supply, and maybe the reason why long rates remain so high is because the market is beginning to price a US fiscal premium into US government bonds," Sløk said.

"If this is the case then the rates and equity correlation will remain broken because we will have US government budget trillion dollar deficits for a very long time."

Still, other market watchers say the stimulus from the tax-reform package has already begun to fade, particularly as trade war-related uncertainties and interest-rate increases have taken center stage.

"In the US, the double dose of caffeine from tax cuts and spending increases is already starting to wear off," Bank of America Merrill Lynch economists Ethan Harris and Aditya Bhave told clients last month.

Now read:

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NOW WATCH: The equity chief at $6.3 trillion BlackRock weighs in on the trade war, a possible recession, and offers her best investing advice for a tricky 2019 landscape

10 things that can happen after a state legalizes marijuana

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USA MARIJUANA TOURISM.JPG

  • Cannabis is recreationally legal in 10 states and Washington, DC.
  • Legalization of marijuana brings in huge sums of money for the state in taxes and tourism.
  • Oversaturation of the product could make it cost-ineffective, however.
  • Although accidental ingestions become more likely, there's evidence that marijuana use goes down in minors and teenagers when it becomes legal.

More Americans than ever are on-board with marijuana legalization. With revenue expected to aid in education and retroactively restore rights to perpetrators of misdemeanor charges, it's becoming more accepted. For now, it's a state's decision, and multiple states such as Michigan, Colorado, and Massachusetts have made recreational marijuana legal.

Marijuana is currently legal to consume recreationally in 10 states and Washington, DC, and medically legal in 33 states. With increased regulation, marijuana becomes safer when it's not mixed with other substances and its strains' strengths and properties are clearly labeled.

When a state makes marijuana legal, here's what tends to happen.

Marijuana stocks surge.

As soon as the news broke that Canada was becoming the second country in the world to legalize the drug, stocks in the marijuana industry in Canada surged 3.34%. Interestingly enough, they also rose that day in the United States.

The CIBC, one of Canada's largest banks, predicts that marijuana will outsell liquor by 2020 and is poised to become a $6.5 billion industry.

Further, when Americans went to the polls during the midterms to vote on the legalization of weed in Michigan and North Dakota, weed stocks also surged.



The use of marijuana in underage groups appears to decline.

Despite the belief that more access to marijuana will lead to more marijuana use among teens, the opposite appears to be true. According to an annual nationwide survey from the National Survey on Drug Use and Health, teen marijuana use declined in four of the five states that had legalized feed from 2014 to 2016.

The one state that saw an increase was Alaska, and it was very small percentage, from 18.44% to 18.86%. 



The supply will have to adjust to meet the demand.

Uruguay, the first country to fully legalize marijuana, is facing massive shortages. "The demand is greater than our productive capacity," Diego Olivera, head of Uruguay's National Drugs Council, told the Associated Press in 2018. "We have to address that challenge."

He estimates that in one year, between legal pharmacies and the black market, smokers consumed up to about 30 tons of marijuana, which is three times the total amount they had the capacity to sell legally.

The US state of Oregon has had the opposite problem. The state provided extremely low barriers for entering the legal growing industry, prompting black market gardeners to go legal. This backfired, resulting in an oversaturated market and a halt on growing licenses.

A study by Oregon's Office of Economic Analysis found the retail cost of a gram of marijuana fell from $14 in 2015 to $7 in 2017, which is great for customers but could make the industry unprofitable if the trend continues.



See the rest of the story at Business Insider

Amazon reveals the top-selling items of the season as it announces 'record-breaking' holiday sales

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Bose QuietComfort 35 (Series II), $349

  • Amazon announced a "record-breaking" holiday season with more items ordered than ever before.
  • Top sellers included Amazon devices like the new Echo Dot, as well as LOL Surprise! dolls and Bose noise-reduction headphones.
  • Amazon continues display dominance in holiday shopping as customers trust it for last-minute gifting.

Amazon had a very good holiday season.

The company, while declining to produce any sales numbers, said it had a "record-breaking" holiday season with customers ordering more items from the website than ever before. 

The items that contributed to the 1 billion items sold included Amazon devices like the new Echo Dot, as well as LOL Surprise! dolls in the Glam Glitter series, Carhartt clothing and accessories, and Bose QuietComfort Wireless Headphones.

Other Amazon devices that sold well were the Fire TV Stick 4K and the regular Echo. A lot of customers paired their Echos with the best-selling smart home devices, like the Amazon Smart Plug, the Ring Video Doorbell 2, TP-Link Kasa Smart Plug Mini Outlet, and the iRobot Roomba 690, which were all best-sellers.

The biggest toys of the year apart from LOL Surprise dolls were the Nerf N-Strike Elite Strongarm Blaster, Melissa & Doug Scratch Art Rainbow Mini Notes with Wooden Stylus, Crayola Inspiration Art Case, and the Lego Creator Mighty Dinosaurs Toy. Tech goodies also flew off the virtual shelves.

Apart from the Bose headphones, Amazon said the Samsung 65" 4K UHD 8 Series Smart LED TV, the Apple iPad, wi-fi and 32 GB edition in Space Gray, the Wemo Mini Smart Plug, the Blue Yeti USB Microphone in Blackout, the Wyze Cam 1080p HD Indoor Wireless Smart Home Camera, and HP Sprocket Photo Paper were all best sellers.

For apparel and accessories, customers scooped up Carhartt, which Amazon says sold 1 million units over the holiday, as well as Calvin Klein, Champion, and UGG brand items.

Prime's guarantee, and the trust customers have in it to get their gifts to them in time to give for Christmas, makes Amazon's peak of the season both later and greater than that of its online competitors.

Read more: Shoppers trust Amazon, and it has completely changed the way last-minute holiday shopping is done

That means best-sellers will likely differ from Amazon when compared to other online websites as its peak gifting period is usually closer to December 18, when compared to Walmart and Target, which is closer to December 10, according to data from Rakuten Intelligence.

Here's the full list of Amazon best-sellers for the holiday season:

  • The new Echo Dot (third generation)
  • LOL Surprise!  Glam Glitter series
  • Carhartt clothing and accessories
  • Bose QuietComfort Wireless Headphones
  • Fire TV Stick 4K with Alexa remote
  • Echo
  • Amazon Smart Plug
  • Ring Video Doorbell 2
  • TP-Link Kasa Smart Plug Mini Outlet
  • iRobot Roomba 690
  • Nerf N-Strike Elite Strongarm Blaster
  • Melissa & Doug Scratch Art Rainbow Mini Notes with Wooden Stylus
  • Crayola Inspiration Art Case
  • Lego Creator Mighty Dinosaurs Toy
  • Samsung 65" 4K UHD 8 Series Smart LED TV
  • the Apple iPad, wi-fi and 32 GB edition in Space Gray
  • Wemo Mini Smart Plug
  • Blue Yeti USB Microphone in Blackout
  • Wyze Cam 1080p HD Indoor Wireless Smart Home Camera
  • HP Sprocket Photo Paper were all best sellers.
  • Calvin Klein brand clothing and accessories
  • Champion brand clothing and accessories
  • UGG brand clothing and accessories

SEE ALSO: Retailers saw biggest increase in holiday sales since 2012

Join the conversation about this story »

NOW WATCH: Millennials and teens are making Gucci cool again — here's how the brand nearly doubled its sales in 2018

The 10 least affordable San Francisco neighborhoods in 2018, ranked

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san francisco

  • The San Francisco housing market is so expensive that it's now commonly referred to as being in a crisis.
  • PropertyShark and Business Insider teamed up to take a look at the top 10 most expensive San Francisco neighborhoods in 2018.
  • The median home sale price in the top 10 neighborhoods ranged from $2 million to $4.4 million.

The San Francisco housing market is notoriously expensive.

In fact, as Business Insider previously reported, rent is so high that four-person households making under $117,400 qualify for low-income housing and even tech workers are abandoning the city in search of lower prices.

To take a look at how prices compare across the city, Business Insider teamed up with PropertyShark and ranked the 10 most expensive neighborhoods in the city by median sale price.

Read more: This $45 million San Francisco home could shatter the city's real-estate record — take a look inside the gorgeous complex

The median sale prices in San Francisco's most expensive neighborhoods range from $2 million to $4.4 million. A look at the most expensive neighborhoods in LA, meanwhile, reveals a far broader gap: The median sale price ranges from $3.2 million all the way up to $10.6 million.

Below, check out the most expensive neighborhoods in San Francisco in 2018, ranked from least expensive to most.

SEE ALSO: The San Francisco housing market is so dire that people are leaving in droves — here's where they're headed

READ MORE: San Francisco is so expensive that waiters can no longer afford to live in the city, and it's changing the way restaurants are serving food and hiring workers

10. Monterey Heights

Median sale price: $2,007,750 



9. Parnassus Heights

Median sale price: $2,050,000 



8. Lone Mountain

Median sale price: $2,180,000 



See the rest of the story at Business Insider

I visited The Goods Mart, an LA-based convenience store that’s like a healthy version of 7-Eleven. Here’s a look inside its newest store.

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the goods mart 7 eleven healthy convenience store 4

  • The Goods Mart is all about healthy alternatives to convenience store staples.
  • The store swaps sugary icees for Kombucha slushies and generic toilet paper for Seventh Generation products.
  • The company opened its first location in LA's Silver Lake neighborhood earlier this year.
  • Their New York brick-and-mortar opened in October. I paid the shop a visit to see what a healthy version of 7-Eleven looks like.

You won't find a Snickers Bar or a bag of Lays potato chips in one of The Goods Mart's stores.

Instead, you'll find healthier alternatives that directly cater to a growing market of health-conscious consumers.

I visited the company's New York location to see what the healthy convenience store is all about.

Here's what it's like.

SEE ALSO: We shopped at Whole Foods and Walmart to see which curbside pickup service is better — and the winner is clear

The Goods Mart, an LA-based company, opened a New York location in the city's SoHo neighborhood in October.

Source: Grub Street



The company's first location sprang up in LA's Silver Lake neighborhood back in April of 2018.

Source: LA Times



The New York shop shares the block with a number of upscale clothing boutiques.



See the rest of the story at Business Insider

A woman's family secretly published the book she worked on for 10 years for Christmas, and her reaction will warm your heart

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self published book christmas

  • A woman received several published copies of the book she worked on for 10 years for Christmas.
  • The finished copies were a gift from her husband, who helped her edit it.
  • Her reaction went viral, and now she's looking to see if it can go through a traditional publisher.

This past Christmas, Alice Mpofu-Coles's family decided to give each other only modest gifts. From their home in Reading, England, they looked after two orphans in Zimbabwe, and set aside money for their food budget instead.

But when Mpofu-Coles, who came to the UK from Zimbabwe as a refugee in 2002, opened a gift from her husband, she shrieked and jumped for joy. It was a copy of the book she had been working on for 10 years, an intimate memoir of her struggle with breast cancer and family loss.

One of her daughters posted a video of her reaction on Twitter, where it went viral with nearly 2.5 million views.

"After 10 years of slowly writing, suffering from chronic pain from the operations and after so much disappointment I was so happy to finally see my struggle with breast cancer in words in my first book," Mpofu-Coles told INSIDER in an email.

Mpofu-Coles said she began keeping a journal shortly after she was diagnosed with breast cancer. At the time, she had also recently lost her four brothers, her parents, and her husband. She used the journal to talk through her grief.

"I didn't have many people to talk to so I just used to write talking to God," she said.

Her second husband, who she met a few years later, edited the project. They didn't have the resources to go through a formal publishing house, so her husband simply published copies himself. He surprised her with seven of them on Christmas.

"I just was so shocked and reacted like you saw on the video," she said.

Mpofu-Coles, who now works on projects benefiting Zimbabweans living in the UK, said she's planning to take another look at traditional publishing houses again after all the attention the video of her received. All of the responses, she said, have been heartening.

"It has overwhelmed us and we are grateful for all the lovely messages," she said. "Literally all the messages, comments etc have been positive and people have said it has made the best Christmas for them in a world that is gloomy."

Visit INSIDER's homepage for more.

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NOW WATCH: A Harvard psychologist reveals the secret to curbing your appetite

Few online games have been able to match the rise and popularity of “Fortnite” — here's how other brands can capitalize

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This story was delivered to Business Insider Intelligence "Digital Media Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here.

Over the past decade, US consumers have increasingly dedicated more time to gaming amid the release of hit online video games.

Most US Fortnite players are millennials

For context, the average time spent playing video games and board games daily grew 50% among US consumers from 2003 to 2017, per data from the Bureau of Labor Statistics.

Few online games have been able to match the rise and popularity of “Fortnite.” The cartoonish shooter title launched in mid-2017 and is now the second-most popular core PC game globally, per Newzoo, only trailing “League of Legends,” which launched nearly 10 years ago. “Fortnite” counted 200 million registered players in November, up 60% from June.

The rise of “Fortnite” can largely be attributed to its free-to-play nature and increasing availability across platforms like PS4, Xbox, Nintendo Switch, PC, and mobile. The game also doesn’t feature blood or gory elements like other shooters, which has likely made parents more comfortable with letting their kids play the game.

“Fortnite” has become more than a video game to many and is acting as the go-to digital hangout destination for millions of US teens and millennials. Eighty-two percent of US consumers who play the Battle Royale mode of “Fortnite” (the game’s most popular mode) are aged 13-34, according to SuperData Research, per The Wall Street Journal. And although the Battle Royale mode — where 100 players must survive and shoot others until one is left standing — is highly competitive in nature, many young “Fortnite” players use the game as a place to socialize with others, according to several recent reports.

Fortnite’s constantly changing elements (like maps and weapons) and high replay value — users can continuously try to win another Battle Royale — naturally lends itself to being a platform where users frequently speak to one another. And due to the large user base of “Fortnite,” the game is seemingly taking on the role of the “third place” for many US teens and millennials. A third place refers to where consumers spend their time away from work, home, or school, and traditionally was a coffee shop or shopping mall for older generations.

Brands can capitalize on the growth of “Fortnite” by sponsoring esports influencers, teams, and competitions focused around the game. Though “Fortnite” has a massive and growing user base, Epic Games (the publisher of “Fortnite”) isn’t keen to monetize through ads. “Fortnite” currently makes its money via in-game purchases — players can buy costumes (“skins”) and dances (“emotes”) for their avatars.

To work around this and reach “Fortnite” fans, brands could pay a top “Fortnite” player to mention their product on one of the player’s live streams, or sponsor an esports team that plays Fortnite competitively for a jersey logo placement. Brands could also try to contribute to the prize pool of future Fortnite competitions to integrate themselves in the Fortnite-esports scene. Doing these types of sponsorships would allow advertisers to better reach millennials, who are increasingly fleeing mediums like traditional TV.

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SEE ALSO: The number of global esports fans is expected to climb 59% over the next five years — but there’s still significant room for growth

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9 things you didn't know about Timothée Chalamet

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timothee chalamet

Timothée Chalamet's roles in critically-acclaimed films like "Call Me by Your Name" and "Lady Bird" have earned him plenty of recognition within the past year. He has previously starred alongside Matthew McConaughey and Ansel Elgort, and plays Steve Carell's son in his latest movie, "Beautiful Boy."

At this point, Chalamet's passionate fans are probably aware of the correct way to pronounce his first name (it's "Timo-tay," but he thinks it's "pretentious" to ask people to say his name that way). But there might be a few lesser-known details about the Oscar-nominated actor.

Here are nine things you probably didn't know about Chalamet.

He was a mascot for his middle school basketball team because he didn’t make the cut to be a player.

He explained that being in a costume is hot, "but at halftime, you can take it off and just relax." He also joked that "if the whole acting thing doesn't work out," he's open to being a mascot again. 

 

 



He went to high school with Ansel Elgort.

Chalamet and Elgort both grew up in New York City and attended LaGuardia High School of Music and Art and Performing Arts. According to Elgort, they played on the same basketball team and had the same teachers. 

"No one disliked Timmy," Elgort added during an interview with MTV. "Some people disliked me."



The actor had a rap alter ego known as "Timmy Tim" or "Timmy T."

His most popular song involved statistics and was created during his high school days. The music video has since been popularized by Ellen DeGeneres, who questioned Chalamet about it during an appearance on her talk show in November 2017.

According to Armie Hammer, Chalamet turned in the rap as part of an assignment and "the teacher only gave him a D+ or something."

"I am never going to live this down,"he told James Corden a month later. "This is going to follow me everywhere."

 

 



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AMD and Nvidia are facing near-term pressure as cheaper gaming chips are flooding the secondary market, RBC says (AMD, NVDA)

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AMD chip

  • AMD and Nvidia's gaming chips are facing falling prices on secondary platforms such as Newegg, Amazon, and eBay, according to RBC.
  • Their decreasing average selling prices could indicate a slowdown in the gaming business, according to RBC analyst Mitch Steves.
  • Weakness could also be related to cooling crypto-mining activities, Steves added.
  • Watch AMD and Nvidia trade live.

Chipmakers such as AMD and Nvidia are under pressure as their gaming chips are losing pricing power, RBC says.

Prices on secondary platforms such as Newegg, Amazon and eBay are falling, according to the firm. For example, AMD's mid-range chip RX 580 was selling at $249 to $299 on Amazon a month ago, but is now priced at around $189. Meanwhile, Nvidia's high-end graphics card GTX 1070 has seen its selling price continue to slide since February. 

Their decreasing average selling prices could indicate a slowdown in the gaming business, according to RBC analyst Mitch Steves.

"When we look at the price trends, we notice a slight downward move which aligns with our belief that sales could be a bit more muted in the month of December (more secondary market availability with lower ASPs as well)," Steves said in a note out late Wednesday.

The price decrease in overall gaming chips could also be related to the cooling crypto-mining activities, he added. Coinciding with the declining GPU prices, the ethereum (the main cryptocurrency that can be mined profitably) network's hash rate, which implicates the opportunity for crypto mining and receiving block reward, fell more than 20% in the past month. That mirrors warnings from AMD and Nvidia saying they expected their crypto business to fall to near zero moving forward.

It's difficult to determine if the decline in chip sales is related to pure gaming softness or crypto mining weakness, Steves said. To reflect caution around the price declines and demand weakness in the chip products, he lowered his revenue forecast for the two chipmakers.

Here are his estimates for AMD:

  • AMD Q4 revenue: $2.65 billion (low-end of guidance) 
  • AMD revenue in the calendar year of 2019: $7.29 billion (previously $7.41 billion)
  • AMD price target: $34, a 100% upside

And for Nvidia:

  • Nvidia Q4 revenue: $1.42 billion (low-end of guidance) 
  • Nvidia revenue in the calendar year of 2019: $11.76 billion (previously $11.99 billion)
  • Nvidia price target: $200 (from $230), a 52% upside

AMD was up 59% this year through Wednesday while Nvidia was down 35%.

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NOW WATCH: The equity chief at $6.3 trillion BlackRock weighs in on the trade war, a possible recession, and offers her best investing advice for a tricky 2019 landscape

Fretful over incoming tariffs, retailers are ordering 'unprecedented volumes' to West Coast warehouses

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shipping containers

  • As retailers plan for President Donald Trump's tariffs against Chinese goods, a deluge of shipments from China are filling West Coast ports to an "unprecendented" level. 
  • "Warehouses across the region have all but reached capacity,"according to third-party logistics firm MIQ Logistics
  • The West Coast ports are hectic now, but business is likely to slow in 2019 as tariffs take hold.

 

America's West Coast ports "are experiencing extreme congestion" this month, according to a report by third-party logistics firm MIQ Logistics. There's a dearth of chassis, which are the vehicles that move shipping containers around.

Huge amounts of freight have hit the Ports of Los Angeles and Long Beach in particular. Aroundhalf of the shipments to those each of those ports are from China. 

The volumes have reached an "unprecented" level. "Warehouses across the region have all but reached capacity,"according to MIQ

The deluge of shipping containers is because of strong retail demand, and thanks to tariffs.

Read more:Lost jobs, shrinking growth, and rotting crops — here are the ways Trump's trade war is hurting America

West Coast logistics folks had predicted that this December would be a particularly hectic month because of the squeeze to get product from China to the US before tariffs set in. On January 1, 2019, an import tax of 25% on $200 billion of goods from China will go into effect. The tariff will affect a third of all containerized imports from China, according to the Journal of Commerce.

Lidia Yan, cofounder and CEO of Southern California freight-brokerage company NEXT Trucking, works with retailers like Steve Madden, Sharp, and Hitachi — all of whom have operations in China. She told Business Insider in November that she predicted this month could be "the biggest December ever."

"Most retailers are trying to squeeze in as much volume as possible to avoid the tariff in 2019," Yan said.

While the West Coast ports are hectic now, business is likely to slow in 2019 as tariffs take hold. Gene Seroka, the executive director of the Port of Los Angeles, told CNBC in August that tariffs may disrupt some 25% of the imports to Los Angeles. 

SEE ALSO: Household staples from Hershey's chocolate to Crest toothpaste will get more expensive next year, and executives are partially blaming the 'overrun' trucking industry

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I'm convinced Egypt could be the greatest tourist destination in the world if it weren't for a troubling pattern that nearly ruined my trip

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  • After years of instability, tourists are starting to come back to Egypt, a country that was once one of the premier destinations in the world, with gorgeous beaches, breathtaking desert landscapes, arguably, the greatest collection of ruins, temples, and artifacts in the world.
  • I decided to make the trip to Egypt this year after dreaming of visiting since I was a kid.
  • While the historical sights and scenery lived up to expectations, I found myself constantly frustrated by the feeling that I'd been taken advantage of by guides, that tour operators were cutting corners, or that people were outright lying to me. 

It had long been a dream of mine to visit Egypt. 

Sitting on the Mediterranean, the country is blessed with gorgeous beaches, breathtaking desert landscapes, a pleasant, warm winter climate, and, arguably, the greatest collection of ruins, temples, and artifacts in the world.

But after the 2011 Arab Spring Revolution, the country seemed unstable and unsafe. Political turmoil, violence, and terror attacks put a visit to Egypt on the back burner for me. I wasn't the only one. 

In 2010, Egypt attracted 14.7 million visitors, the tourism industry employed around 12% of the country's workforce, and made up a tenth of its GDP. In 2011, the year of the revolution, that number dropped to 10 million. By 2014, revenue for Egypt's top tourist sites had dropped 95% from 2011, numbers so low the government speculated it might not be able to keep the sites open. 

Eight years on, the revolution has given way to a tenuous stability enforced by the quasi-democratic strongman presidency of Abdel Fattah al-Sissi, the jailing of dozens of journalists and activists, and occasional terror-related incidents in Sinai, outside Cairo, and on the western border with Libya.

Last year, tourism started to bounce back. With the Egyptian pound trading with the dollar at 17-to-1 , those in the industry and the government are optimistic the industry is back on the upswing.

With all that in mind, I decided to make the trip to Egypt this winter.

Egypt is a beautiful, interesting, and frustrating place to visit 

EgyptTourism 5.JPG

For the most part, it was enthralling.

Visiting the Pyramids of Giza was awe-inspiring as I’d hoped. Luxor and Karnak Temples, the country’s most famous ancient sites, were well-kept and tightly managed. The tomb paintings in the Valley Of The Kings, rich with yellows, blues, and reds from thousands of years ago, left my jaw on the floor.

And yet, I couldn’t wait to leave.

By the day of my flight out, I was exhausted and frustrated. Dozens of tourists I met over my one month in the country expressed a similar feeling. The same joke was made repeatedly: “I love the Egypt of thousands of years ago, but I can’t stand Egypt today.”

Nearly every tourist I spoke to was referring to the same issue. Throughout his or her trip, they’d felt taken advantage of by guides, had tours where operators cut corners, or were outright lied to. 

Such issues do not only happen in Egypt. But the frequency with which I — and others I spoke to — experienced these issues made me think it was more than my isolated experience or a few bad apples.

I was constantly arguing to get things I’d already paid for

EgyptTourism 6

Let me walk you through one of the dozen experiences that happened to me while in Egypt.

I traveled to upper Egypt for a five-day tour to all the major sites in the region and a cruise up the Nile. I normally don’t take tours, preferring to explore on my own. But Egypt’s lack of infrastructure makes tours the easiest way to see the country — even for seasoned backpackers — and put money in the hands of regular Egyptians.

The tour started off ominously when I arrived in Aswan, a small town that serves as a jumping off point. My local guide started the tour of the nearby Philae Temple five hours later than scheduled so he could add an additional traveler to our tour after their late arrival, leaving us with less than an hour to see the temple before it closed.

The following day, I woke up at 4 a.m. to drive four hours with a different guide to Abu Simbel temple near the border with Sudan. When we got there, we were told we'd only have an hour to see it, rather than two hours as promised. The tour group argued until the guide relented.

I'd woken up at 4 a.m. for that tour so we could drive back to Aswan in time to catch my Nile cruise ship before it sailed that afternoon. When we got back, another guide checked me into the cruise ship and reiterated that the ship would leave shortly after lunch so that we could see Kom Ombo Temple that evening.

I went downstairs, had lunch, and then went to my room to relax while the boat sailed. An hour passed, then two, and then three. The sun was setting and the boat still hadn’t sailed.

In the lobby, I asked the cruise ship director why we hadn’t sailed. He looked at me, confused. “We don’t sail on Wednesdays. We sail on Thursdays,” he said. When I complained that my guide had said we’d sail that day and that the itinerary was contingent upon that schedule, he shrugged. “I only manage the ship. I don’t know about your tour company, but everyone in Aswan and Luxor knows we sail on Thursdays,” he said.

EgyptTourism 2.JPG

Leaving aside that two different guides seemed to have lied to me, the cruise ship's itinerary meant I would have less than a day to see Luxor, the location of Egypt's most treasured archeological sites and the main reason I took the tour. My itinerary had called for two full days, already tight with what I planned to see.

When I got to Luxor on Friday night, my guide there, a man named Reda, conceded that completing everything in the Luxor itinerary — a hot-air balloon ride and visits to Luxor Temple, Karnak Temple, the Valley of the Kings, and Hatshetsupt Temple — in time for my afternoon bus on Saturday was likely impossible.

He called his manager, who told me that it had been out of his control that the boat left a day late and he’d had no idea. When I told him the cruise ship director said every guide and company knows the boat sails from Aswan on Thursdays, he offered to put me up for a night in Luxor so I could get two days in the city as promised.

Thankfully, I could afford to add a day to my itinerary. But I met many others on the cruise in a similar situation who had no such wiggle room. They were on meticulously planned one-week or 10-day vacations.

The tug-of-war with tour guides turned a fun experience into an exasperating one

EgyptTourism 1.JPG

I came to Egypt worrying about safety — a worry that I can say was mostly unfounded — but left exhausted by feeling cheated at every turn.

Over the course of the month, I repeatedly had tours start hours after they were supposed to, watched itineraries change without notice, and heard I had significantly less time at a tourist site than I'd been told when booking, to the point that guides rushed me through temples I'd waited my whole life to experience. I had drivers try to drop me 45 minutes from my hotel because it was more convenient for them and tour operators lie about where our transportation was.

At first, I thought a poorly managed tour company was to blame.

But, as the incidents stacked up with different companies and guides, it began to feel like a pattern. Nearly every traveler I met on the cruise ship, in Aswan, in Cairo, and elsewhere described similar experiences to me, and they'd all booked with different companies or guides.

The experience bummed me out.

More than most countries I’ve visited, Egyptian tourism seemed to benefit locals, not just international conglomerates. The guides, drivers, inn owners, and tour operators were, from what I saw, always locals from the town or city. Most were exceptionally friendly and open, with a wealth of knowledge about their country and its history. 

I sympathize with those in Egypt suffering the post-Revolution economic downturn. I hope tourists return en masse to experience the many amazing landscapes, culture, and history the country has to offer. It would do wonders for helping the country — and its beleaguered people — get back on its feet.

But I know that, while I’m the kind of traveler who has the flexibility to deal with those aggravations, others may go home feeling that visiting Egypt isn’t worth the hassle.

That's bad news for everybody.

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NOW WATCH: Look inside a newly unearthed 15th century BC Egyptian tomb full of mummies and relics


Kendall Jenner went sledding in a $5,022 neon green gown at Kim Kardashian and Kanye West's Christmas Eve party

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  • Kim Kardashian and Kanye West hosted a star-studded party at their home in Calabasas, California, on Christmas Eve.
  • The couple's extravagant holiday bash featured man-made snow slopes.
  • Kendall Jenner was one of many celebrities who went sledding in formal wear.
  • Dressed in a neon green Christian Siriano dress that retails for $5,022, the model hit the slopes with friends Travis "Taco" Bennett and Tyler, The Creator.
  • Kardashian West and Paris Hilton also appeared to go sledding in evening dresses.

Kendall Jenner spent Christmas Eve dancing, posing for photos, and sledding in a designer gown and stilettos.

The model was one of many celebrities who hit the man-made snow slopes in formal wear at Kim Kardashian and Kanye West's star-studded holiday bash on Monday.

Dressed in a neon green Christian Siriano dress and matching heels, Jenner slid down a snow-covered hill in a red plastic sled next to friends Travis "Taco" Bennett and Tyler, The Creator.

The reality TV star later shared clips of herself sledding on her Instagram story, as seen below in the video by kendalljennersnapchats, an Instagram account that archives Jenner's social media posts.

The model, who accessorized her $5,022 off-the-shoulder gown with crystal-covered hoops, also posted a few photos and videos from the lavish party on her Instagram.

A post shared by Kendall (@kendalljenner) on

Kardashian West also appeared to go sledding in a floor-length dress during the lavish holiday party, which was held at her and her husband's home in Calabasas, California.

Read more: The Kardashians threw an extravagant Christmas Eve party at Kim and Kanye's house

In a video West posted on Twitter, the KKW Beauty founder and Paris Hilton could be seen grabbing a red sled and walking toward the slopes, but the clip ends before they actually go down the hill.

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NOW WATCH: The reason some men can't grow full beards, according to a dermatologist

These are the top 15 US banks ranked by the mobile banking features consumers value most

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This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. This report is exclusively available to enterprise subscribers. To learn more about getting access to this report, email Senior Account Executive Chris Roth at croth@businessinsider.com, or check to see if your company already has access


New data shows that mobile features have become a key factor that customers weigh when choosing a bank. 

Screen Shot 2018 11 30 at 4.34.28 PMIn Business Insider Intelligence's second annual Mobile Banking Competitive Edge study, 64% of mobile banking users said that they would research a bank's mobile banking capabilities before opening an account with them. And 61% said that they would switch banks if their bank offered a poor mobile banking experience.

For channel strategists, the challenge in attracting mobile-minded customers is knowing when to bet budgets and political capital on developing emerging features. It's complicated by most flashy features — such as voice assistants, smartwatch banking, and bank-offered mobile wallets — being deemed a "must" by analysts, media, and rival banking executives. 

4by3catThe Mobile Banking Competitive Edge Report uses data to inform channel investment decisions by highlighting which mobile banking features are most valuable to customers. Our study has data on consumer demand for 33 in-demand mobile capabilities across six key categories. 

Using that consumer data, the study benchmarks the largest 20 banks and credit unions in the US by whether they offer the cutting-edge mobile features that customers say they care about most. What sets our benchmark apart is that it weights every feature according to customer demand data — not subjective analyst opinion.  

Channel strategists within financial institutions use our report to see which innovative features they should prioritize in development pipelines and to find out how they compare with rival banks and credit unions in offering those features.

Business Insider Intelligence fielded the Mobile Banking Competitive Edge Study to members of its proprietary panel in August 2018, reaching over 1,200 US consumers — primarily handpicked digital professionals and early-adopters, making our sample a sensitive indicator of emerging features. 

Here are a few key takeaways from the report:

  • Citi snagged first overall. The bank led the account access section, tied for first in account management, and ranked highly in all the other categories of the study. Wells Fargo took second place, leading in security and control and transfers. USAA came in third, NFCU was fourth, and Bank of America rounded out the top five.
  • Demand for security features is sizzling. Following a year of huge breaches being announced at companies like Facebook and Google, consumers' security concerns jumped to become the most important category. The category included the No. 1 feature overall: the ability to turn a payment card on or off. 
  • Digital money management features are also highly demanded. Chase and Wells Fargo may be onto something with their millennial-focused banking apps, Finn and Greenhouse, as the generation had sky-high demand for the six features in the category. The most popular feature in the category was the ability to separate recurring payments, such as Netflix and gym memberships.

 In full, the report:

  • Shows how 33 mobile features stack up according to how valuable customers say they are.
  • Ranks the top 20 US banks and credit unions on whether they offer each of those features.
  • Analyzes how demographics effect demand for different mobile features.
  • Provides strategies for banks to best attract and retain customers with mobile features.
  • Contains 63 pages and 30 figures.

The full report is available to Business Insider Intelligence enterprise clients. To learn more about this report, email Senior Account Executive Chris Roth (croth@businessinsider.com).  

Business Insider Intelligence's Mobile Banking Competitive Edge study includes: Ally, Bank of America, BB&T, BBVA Compass, BMO Harris, Capital One, Chase, Citibank, Fifth Third, HSBC, KeyBank, Navy Federal Credit Union, PNC, Regions, SunTrust, TD, Union Bank, US Bank, USAA, and Wells Fargo.

SEE ALSO: These are the trends creating new winners and losers in the card-processing ecosystem

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This tiny building in Wilmington, Delaware is home to 300,000 businesses

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You wouldn't expect there to be anything special about this tiny brick building at 1209 North Orange Street in Wilmington, Delaware if you drove past it. However, the building is actually home — at least on paper — to some of the largest companies in the world. Apple, eBay, Walmart, Verizon, American Airlines, and more than 300,000 other business entities register their companies here at the CT Corporation.

While some of these 300,000 businesses may not actually conduct business in Delaware, it's an attractive state for businesses to keep their registrations. The state is so attractive as a business destination that over half of the companies on the Fortune 500 are registered in the state. In fact, Delaware hosts over 1 million business entity registrations, which is more than the tiny state's population of 950,000.

This video was originally published in April 2017.

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This $70 vacuum sealer helped me save money by preserving frozen foods — and it made sous vide cooking a snap

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The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

Cosori Vacuum Sealer

 

  • Whether you are a hunter, gardener, or just like to buy in bulk, a vacuum sealer can help extend the shelf life of your foods.
  • FoodSaver is perhaps the biggest name in the vacuum sealing industry, but there are several more affordable options available that work just as well.
  • The Cosori Vacuum Sealer is compact enough to fit in a kitchen drawer, runs quietly, and has a powerful vacuum, which helps create airtight seals for sous vide cooking or freezing.
  • Currently priced at $70 on Amazon, the Cosori Vacuum Sealer costs less than most brands, and it comes with vacuum bags, a vacuum sealer roll, and a two-year warranty.

I can't resist a good deal, especially when it comes to meat. When I see prime rib on sale after the holidays or corned beef marked down after St. Patrick's Day, I buy way too much of the stuff. I've found the meat stays fresher and resists freezer burn when I vacuum seal it in manageable quantities before I freeze it. This is where a good vacuum sealer comes in handy.

Cosori recently sent me a vacuum sealer to test. Here's what it was like to use.

My first experiences with Cosori Vacuum Sealer

The Cosori Vacuum Sealer comes with five 11.5-inch by 9.5-inch vacuum bags, a 7.8-inch by 16-foot vacuum sealer roll, a user manual, and a hose attachment. Its overall size of the is 16 inches by 7.9 inches by 3.4 inches, so it fits conveniently on a shelf or in a kitchen drawer. It also only weighs five pounds so it's easy to move around your counter.

Thanks to its intuitive design and simple instructions, it took me about five minutes to get the vacuum sealer up and running. First, you use the built-in bag cutter to cut a bag from the vacuum sealer roll. Next, place one of the open ends of the bag on the rubber sealing lip, close the sealer, and press the Manual Seal button. Once the red light turns off, you open the machine back up and fill your bag with whatever you want to preserve. Lastly, you put the open end of the bag into the vacuum chamber, close the device, and press the Vacuum Seal button. Once the red light turns off again, your pouch is ready for storage or sous vide cooking.

The device has settings for normal or gentle pressure, dry or moist foods, sealing canisters, and fast marinating, which takes the guess work out of the process. It can also accommodate a wide range of bag sizes thanks to its 12-inch seal bar, and the built-in bag cutter really streamlines the cutting and sizing process.

Cosori states that the vacuum's strength is about 20 inHg, which is about what you would expect from top models. In general, sealers with a higher vacuum pressure are able to remove more of the air that might otherwise deteriorate your food.

How the Cosori Vacuum Sealer performed

I mainly used the Cosori Vacuum Sealer to create airtight bags for sous vide cooking and to repackage large-quantity purchases into more manageable meal sizes that can handle long-term freezer storage.

A few months ago, our local grocer had an irresistible sale on pork chops. I went overboard and got about 20 pounds. I packaged the chops four to a bag and froze them. Earlier this week, I defrosted one of the bags and was thrilled to find that the months in the freezer did not affect the quality. There were no signs of freezer burn, and the baked pork chops tasted excellent.

I'm the Chef de Cuisine of the Brains household, but there are some nights when I'm out of town and can't cook. My wife will sometimes pick up the slack, but more often than not, she delegates the duties to local restaurants. Since I get jealous when the family goes out to eat or orders take-out without me, I create meals and vacuum seal them. If I'm going to be out of town at dinnertime, I pop one of the pouches in the water bath before I take off, set the sous vide machine, and my wife and boys can have a delicious gourmet meal ready come dinnertime.

I timed myself to see how long it takes to cut a bag, seal one end, fill it, and vacuum seal the contents. The whole process from start to finish is about two minutes. I also measured how loud the device is when it's running, and it's fairly quiet at 70 decibels.

I liked that I could use different brands of bag rolls with the Cosori Vacuum Sealer. The branded options are usually a bit pricey so I took a chance on the Simple Houseware Vacuum Sealer Rolls, and they worked great with this appliance.

Some concerns about the vacuum sealer

The Cosori Vacuum Sealer is good for its price. But, since it is a lower-end option, it has a few quirks. It's temperamental at times. For example, when I was trying to vacuum seal some frozen steaks, the vacuum kept running and running, but not much air seemed to be leaving the bag, and it wouldn't seal. I switched the food setting to Moist, and it worked just fine. In general, I found the Dry setting didn't work so well.

The seals are not always airtight. This became apparent during "The Chili Incident." As I'm known to do, I made way more chili than a family of four's digestive systems can handle. So, I decided I'd vacuum seal some of it in bags for later reheating. I manually sealed one end of a bag and started to fill it up. Soon, chili was leaking all over the kitchen. It was a bad mess. From that point on, I made a point of double sealing each end, and I didn't have any more incidents.

The hose attachment is completely useless. Looking through the user manual, it appears Cosori originally planned on launching a line of canisters to use with the attachment, and they were going to include one canister with each vacuum sealer. I haven't been able to find these canisters anywhere online. And, it's doubtful that the hose attachment would work with other manufacturers' vacuum sealed containers.

Lastly, the Cosori Vacuum Sealer does not handle gentle foods well. I filled a bag with tortilla chips, set the sealer to Gentle, and watched in horror as the chips cracked to bits. At least I'll now have a good, fresh topping for my chili.

The bottom line

Though it has its limitations, overall, the Cosori Vacuum Sealer worked well for my needs. It kept my foods tightly sealed for sous vide cooking and long-term freezer storage, and it was easy to use. I would recommend this vacuum sealer to anyone interested in extending the shelf life of their foods and for home chefs looking for an affordable way to remove air from bags before sous vide cooking.

Buy the Cosori Vacuum Sealer on Amazon for $70

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Barcelona tops the 2018 list of the highest-paid sports teams in the world with $13.8 million average annual salary

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Leo Messi Barcelona

FC Barcelona is the new highest-paid sports team in the world, with players making an average of $13.8 million (€12.2 million) during the 2018-19 season. Barcelona returns to the No. 1 spot in the rankings for the first time since 2012.

This data comes from Sporting Intelligence's annual "Global Sports Salaries Survey," which looks at the first-team pay for 349 teams across eight different sports in 18 different leagues around the world. All in all, these teams average a combined $22.2 billion in wages annually.

Last year, the Oklahoma City Thunder topped the list with an average annual player salary of $9.3 million during the 2017-18 season. This year, the Thunder clock in at No. 3 in the world rankings but still best all other NBA teams. Of the 25 highest-paid teams in the world, 17 are from the NBA. 

In other major North American sports leagues, the San Francisco Giants (No. 27 overall) are the highest-paid Major League Baseball team, the Jacksonville Jaguars (No. 85 overall) top NFL teams, and the Los Angeles Kings (No. 82 overall) are the highest-paid NHL team.

Additionally, Toronto FC (No. 214 overall) tops the list for MLS teams and the Toronto Argonauts (No. 321 overall) leads all CFL teams. The Phoenix Mercury (No. 331 overall) is the highest-paid team in the WNBA — which is the only women's sports league to be featured on the list.

Here are the highest-paid teams in the world based on average salary for their players.

25. New Orleans Pelicans — $7.55 million / €6.64 million (average pay per player)

Sport: Basketball

League: National Basketball Association

Highest-paid player: Jrue Holiday ($26.1 million / €23.1 million)

2017 rank: 10



24. Denver Nuggets — $7.76 million / €6.73 million (average pay per player)

Sport: Basketball

League: National Basketball Association

Highest-paid player: Paul Millsap ($29.2 million / €25.9 million)

2017 rank: 21



23. Utah Jazz — $7.80 million / €6.90 million (average pay per player)

Sport: Basketball

League: National Basketball Association

Highest-paid player: Rudy Gobert ($22.7 million / €20.1 million)

2017 rank: 19



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