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Meta Shuts 3 VR Studios and Lays Off Hundreds of Devs as It Pivots From Virtual Reality and the Metaverse to AI

Meta is laying off around 10% of staff at its Reality Labs division as part of sweeping cuts set to affect more than 1,000 people. This includes the closure of a number of VR-first studios, such as Tw...

Jan 14IGNTechnologyImpact

THEN AND NOW: Vintage photos show how department stores have changed

Department stores, then and now. Bettmann/Getty Images ; Kamil Krzaczynski/Getty Images Department stores have changed dramatically over the last 100 years. Department stores once sold necessities. No...

Jan 15Business InsidereconomicsImpact

We are centimillionaires. Here are the biggest money mistakes we made with our kids — and how we fixed them.

Bobby and Sofia Castro, center, have changed the way they approach money with their children by increasing transparency — and responsibility. Courtesy of Bobby and Sofia Castro Bobby and Sofia C...

4hBusiness InsidereconomicsImpact

David Sacks calls California wealth tax 'an asset seizure,' says it's 'not a one-time, it's a first time'

AI czar David Sacks Alex Brandon/AP White House AI czar David Sacks criticized the possibility of a California wealth tax. If the tax is ultimately approved, he said it will be "the beginning of s...

2dBusiness InsiderPoliticsImpact

A Las Vegas strip club says it's gotten a surge of auditions from laid-off hospitality workers

Las Vegas saw a decline in visitors last year. Westend61/Getty Images Crazy Horse 3 in Vegas said it's seen a 55% increase in dancer auditions, including first-timers. Las Vegas tourism declined last ...

Jan 17Business InsidereconomicsImpact

Vintage photos show American life under Trump's tariff hero, William McKinley

The turn of the century saw a rise in labor movements as industry grew largely unregulated. Bettmann/Getty Images Trump has credited a 19th-century US president for inspiring his aggressive approach t...

2dBusiness InsiderPoliticsImpact

Palmer Luckey says Meta's VR layoffs aren't a 'disaster' — and fix a problem critics aren't talking about

Palmer Luckey says Meta's VR layoffs cut bloated in-house game studios that were quietly undermining the industry's ecosystem. David Fitzgerald/Sportsfile via Getty Images Oculus founder Palmer Luckey...

5dBusiness InsiderTechnologyImpact

Divya Nettimi's Avala Global loses more staff despite a strong 2025

Avala Global was launched by Divya Nettimi in 2022. imagedepotpro/Getty Images Divya Nettimi's $2 billion Avala Global has lost more personnel, Business Insider has learned. The firm returned 22.1% la...

2dBusiness InsidereconomicsImpact

Business leaders react to Trump's Davos speech

US President Donald Trump delivers a speech during the World Economic Forum annual meeting in Davos Fabrice COFFRINI / AFP via Getty Images President Donald Trump gave his 70-minute-long speech in Dav...

2dBusiness InsiderPoliticsImpact

Jamie Dimon defends JPMorgan's tech spending to avoid getting 'left behind'

JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images Jamie Dimon defended JPMorgan's spending, especially on tech, during Tuesday's earnings call. He said the bank would stay ahead as it competes a...

Jan 13Business InsidereconomicsImpact

BlackRock is now $14 trillion after a record-breaking year. The firm has an ambitious fundraising plan for 2026.

BlackRock CEO Larry Fink has gone all in on private markets Ben Whitley/PA Images via Getty Images BlackRock hit $14 trillion in assets after bringing in close to $700 billion in net inflows in 2025. ...

Jan 15Business Insidereconomics

I'm a Princeton-educated engineer, but I left the corporate world to pursue a better work-life balance. Doing so helped me become a millionaire by 30.

Luisa Zhou's parents taught her the importance of working hard. Courtesy of Luisa Zhou Luisa Zhou's immigrant parents taught her to work hard and seek security. She ran out of paid time off after help...

5dBusiness InsiderlifestyleImpact

A fallen billionaire's bulletproof Mercedes sold at bankruptcy auction for $63,000. Here's how it went down.

Joe Buglewicz for BI Business Insider took a deep-dive look at the bankruptcy auction of an armor-plated Mercedes. The auction was entirely online, and people placed 115 bids without kicking the tires...

Jan 17Business InsidereconomicsImpact

AI tools could make companies less competitive because everyone buys the same brain, think tank CEO says

Companies rushing to adopt the same AI tools risk losing their competitive edge, independence, and long-term resilience, a think tank CEO says. APHOTOGRAFIA/Getty Images The CEO of a digital economy t...

Jan 17Business InsiderTechnologyImpact

I made over $30,000 from my side hustles this year. The extra money is great, but I felt like I never stopped working.

The author has a corporate job but also freelances as a writer and teaches mahjong. Courtesy of the author Freelance writing for various media outlets and teaching mahjong helped me generate over $30,...

Jan 15Business InsiderlifestyleImpact

Magic: The Gathering: Lorwyn Eclipsed is Out Today, Here's Where to Buy Everything From 2026's First Set

Magic: The Gathering has kicked off 2026 with a return to Lorwyn, and Lorwyn Eclipsed might be the most excited I've seen the community since, well, Edge of Eternities (the last Universes Within set)....

1dIGNeconomics

I'm the CEO of a tourist company in Greenland. Trump's interest in the island boosted business, but now some customers are postponing trips.

Casper Frank Møller, CEO and cofounder of Raw Arctic. Raw Arctic Raw Arctic, co-led by Casper Frank Møller, offers a range of adventure tours in Greenland. US interest in Greenland and geopolitical te...

1dBusiness InsidereconomicsImpact

Disney's sluggish stock threatens to dent CEO Bob Iger's legacy

Disney's stock is casting a shadow over CEO Bob Iger. Variety/Getty Images; Getty Images; Tyler Le/BI A sluggish Disney stock threatens to dent CEO Bob Iger's legacy. The stock is far below its all-ti...

Jan 16Business InsidereconomicsImpact

Read Jerome Powell's letter to senators following his testimony about renovations to the Fed building

Jerome Powell, a particularly mild-mannered speaker, slammed recent attempts to intimidate his department. Li Yuanqing/Xinhua via Getty Images The DOJ is probing Jerome Powell over his congressional t...

Jan 14Business InsiderPoliticsImpact

ACA health insurance enrollment dropped by 1.4 million. See which states had the biggest swings.

Millions are at risk of losing health insurance without Affordable Care Act subsidies. The Washington Post/The Washington Post via Getty Images 1.4 million fewer Americans enrolled in ACA marketplace ...

Jan 17Business InsiderHealthImpact
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