Insider Today: America's billionaire hub

19.10.2024 - 11:27 / insider.com / Jackson Hole / Happy Saturday

Happy Saturday! Gen Z is redefining yet another term, and this time, it's "lavender marriage." A phrase once reserved for the LGBTQ+ community is now being used to describe young people who are sick of being broke and living alone.

On the agenda:

But first: Siri, play "Greased Lightnin'."

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Imagine this: You're sitting in traffic, unsure of who or what is holding you up. So you deploy your car's drone to see what's on the road ahead. If this sounds like a scene from a futuristic James Bond-style movie, think again.

Business Insider's Tom Carter, a London-based business reporter, got a chance to see Chinese automaker BYD's latest fleet of technologically advanced cars at the Paris Motor Show earlier this week.

The seven cars they showed off included the Yangwang U8, a hybrid luxury SUV that comes with a drone and, according to the company, can turn around like a tank and float on water.

It's only available in China right now, but made its European debut at the show even as the European Union is set to impose harsh tariffs on electric vehicles from China.

European manufacturers are trying to claw back some of the market share of electric vehicles from their Chinese competitors. Aside from tariffs, another way to do that is through partnerships.

That's what Stellantis — the parent company of Jeep, Ram, and Fiat — did when it teamed up with Leapmotor to sell EVs outside of China. "For us, the best way to compete immediately with the Chinese was to hop on their train, rather than letting it run us over," Carlos Tavares, who spoke at a nearby automotive summit, said Tuesday.

Nestled at the base of the Teton Range, Jackson Hole, Wyoming, comprises one of the wealthiest counties in the country. With mountain views and lower taxes, the area has lured in millennial DINKs and A-listers alike.

It's also the most economically unequal place in the US: According to the Economic Policy Institute, the top 1% of residents in the metro area earn 132 times the income of the bottom 99% of residents. BI's Joey Hadden visited Jackson Hole to see what makes it so coveted.

Here's what she found .

Also read:

Taylor Swift is publishing "The Eras Tour Book" and releasing it exclusively through Target. She shook off traditional publishers and distributors in favor of self-publishing.

In doing so, Swift ensured she'll get a larger share of the revenue earned from sales. It's a tried-and-true strategy that capitalizes on her fans' loyalty — and their wallets.

How Taylor Swift could disrupt publishing .

New York City just got another transit option. On October 8, Uber launched an $18 shuttle between three