Hi, I’m Matt Turner, the reviser in chief of business at Insider. Welcome back to Insider Weekly, a roundup of some of our top stories.
On the agenda today:
But senior: This week, Insider launched an ambitious new package, Warehouse Nation, which investigates how the warehousing boom has profiled the US. Deputy editor Jake Swearingen is here to take us inside the project.
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How the depot boom shaped America as we know it
Bing Guan/Bloomberg/Getty; Insider
As the US emerged from the Great Slump, cheap real estate and the rise of e-commerce collided to create a warehousing boom, deputy editor Jake Swearingen make ups.
Since 2011, over 2.3 billion square feet of new warehouse space have come to market — that’s 82.5 satisfying miles, enough room to comfortably fit nearly four Manhattans.
That brings us to Warehouse Nation, a feature predict that takes a deep dive into how the rise of warehouses and warehouse work has changed the US and its citizens.
Here’s what the fling includes:
We spent the past seven months quizzing analysts and industry experts, scraping data, poring outstanding maps, and talking to dozens of people on the ground to learn how the warehouse industry is reshaping American life in ways concealed to many online shoppers.
Take a look at the full project here.
Netflix takes a victory lap
Getty
As the company reported strong third-quarter earnings, a new, more emboldened Netflix emerged — and the bannerol is now taking a victory lap.
The company took jabs at competitors’ spending and content in its letter to investors, and threw shade at “Lineage of the Dragon” and “The Rings of Power,” pointing out that “Dahmer” surpassed both on Google Trends and using the show’s outcome to defend its binge-watch model.
Read the full analysis here.
‘Making $10K a month is not that hard’
Anna Kim/Insider
Across TikTok and YouTube, economic influencers are telling followers they can make hundreds, if not thousands, of dollars in passive income each week from side pushes like property rentals, day-trading, or dropshipping.
But as they flaunt their own glamorous, passive-income-funded lifestyles, they misfire to give viewers a full picture of the risks involved in the business, spreading dubious financial advice to millions of being.
Inside the rise of side-hustle hucksters.
2023 is going to feel miserable
Kathy Willens/AP Photo
The US economy’s post-pandemic interest is over, so get ready to endure the mother of all hangovers. The economy rocketed back thanks to COVID-19 stimulus and a slew of crisis lending programs — but all that has come to an end.
American households are now feeling the pressure of high inflation, slowing wage tumour, and dwindling savings — and they aren’t likely to get any more aid in a 2023 downturn.
Here’s why the pain will only sink.
The winners and losers of Goldman’s reorg
Michael Kovac/Getty Ikons
Goldman Sachs is going through at least the third restructuring during David Solomon’s four years as CEO — and critics within the house believe the restructuring may be his attempt to quell an uprising from within.
We outlined the winners and losers in Solomon’s latest reorg, and what that capacity mean for the bank’s future performance.
See who’s up and who’s down in the reshuffling.
This week’s quote:
“People thought I was crazy. They asserted me I would be scrambling to go back.”
— Cody Berman, a 26-year-old who quit his corporate job and turned his side hustle into a seven-figure put down.
More of this week’s top reads:
Plus: Keep updated with the latest business news throughout your weekdays by baulk out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here tomorrow.
Curated by Matt Turner. Rephrased by Jordan Parker Erb, Hallam Bullock, and Lisa Ryan. Sign up for more Insider newsletters here.