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How Uber Uses AI To Charge You More 0 (0)

Uber once sold riders on a simple promise: Order a car right from your phone for less than a taxi. One major change happened behind the scenes: up-front pricing. Instead of relying on a predictable rate based largely on time and distance, Uber now uses algorithms and a range of real-time factors to determine what riders pay and what drivers earn. Since then, prices have risen dramatically. From 2018 to 2022, average Uber fares in the US rose 83%, nearly four times the annual rate of inflation. And when Business Insider employees requested the same UberX ride at the same [See More…]

insider-business News & Politics

How Ferrero Makes Millions Of Chocolates In America 0 (0)

We went behind the scenes to see how Ferrero, an Italian company, is building a confectionery empire in the US, from spending billions on buying iconic American brands, to investing in new factories and an R&D lab, and even creating a new Nutella flavor specifically for Americans. Read “Nutella’s empire is making a multibillion-dollar play for America’s snack market”: https://bit.ly/3SCDqSs 00:00 – Intro 01:42 – Inside the Franklin Park Factory 02:01 – Buying American Brands 06:47 – Investing In R&D 09:23 – How Nutella Was Invented 10:18 – Nutella Peanut 11:10 – Ferrero’s Ingredient Sourcing 12:50 – Ferrero’s Bloomington Chocolate [See More…]

insider-business Travel & Events

Meet The Professional Mermaid Inspiring Adults To Play Again 0 (0)

Sponsored by 2026 Toyota RAV4 Redefining Adulthood spotlights people who’ve discovered that making time for the things they love doesn’t distract from adulthood; it enriches it. Whether through a hobby or a career, their passions have led to purpose, community, and a life that’s uniquely their own. In this episode, meet Néa Dune, a professional mermaid, certified free diver, and ocean conservationist who transformed a childhood fascination into an unconventional career. What began with a homemade tail has grown into a life dedicated to teaching aspiring mermaids, advocating for marine ecosystems, and helping others rediscover the power of imagination and [See More…]

insider-business News & Politics

9 Ways Everyday Life Is Becoming More Expensive 0 (0)

Business Insider has spent years covering the stories behind why certain items, services, and experiences are getting more expensive, and the reasons behind higher price tags aren’t always what you think. Airports have rules to keep prices in check, but our investigation uncovered that mandatory price audits aren’t always accurate. US sports stadiums typically don’t have rules capping concession prices, though some lawmakers are attempting to change that. And subscriptions are everywhere, transforming the economy from one where we own products to one where we can rent just about anything. We dug deep to understand nine aspects of everyday life [See More…]

insider-business News & Politics

The Real Reason Beef Prices Are So Expensive 0 (0)

Ground beef just hit a record $6.89 a pound, up 80% since 2019 — and nobody along the supply chain sees relief coming. Ranchers like Eric Gropper point to years of drought that have shrunk cattle herds to their lowest level in decades. Meanwhile, meatpackers have been hammered by labor shortages and plant closures. And restaurants have had no choice but to keep raising prices. But how much of this is the market, and how much is manipulation? Since the late 1970s, just four companies — Tyson, JBS, Cargill, and National Beef — have come to control roughly 80% of [See More…]