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Welcome to the era of the megamanager

Middle managers are taking on more direct reports after the "Great Flattening." dowell/Getty Images The average number of reports for managers is increasing as the "Great Flattening" p...

4dBusiness InsidereconomicsImpact

Meta’s metaverse layoffs apparently include some of its VR studios

Marvel’s Deadpool VR. Meta is laying off about 10 percent of its Reality Labs metaverse division, and the cuts apparently include closing down some of its VR gaming studios. It "appears" Twisted Pixel...

5dThe VergeTechnologyImpact

Russian oil firm says it will keep its Venezuela assets after US military operation

Russia and Venezuela maintain a strategic partnership spanning energy, defense, and diplomacy. Yuri Cortez/AFP/Getty Images Russia's state-owned Roszarubezhneft says its Venezuelan oil assets belong t...

4dBusiness InsiderPoliticsImpact

They quit their day jobs to bet on current events. A look inside the prediction market mania

Prediction market apps are thriving in Trump's second term, with traders betting on migrant deportations to election outcomes. A community of young, mostly male and very online traders are driving the...

1dNPR NewsPoliticsImpact

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...

1dBusiness InsidereconomicsImpact

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 ...

1dBusiness InsidereconomicsImpact

Trump and Mid-Atlantic governors want tech companies to pay for new power plants

An Amazon Web Services data center in Ashburn, Virginia, US, on Tuesday, Oct. 28, 2025. | Photo: Getty Images The Trump administration and a bipartisan group of governors are pressuring the PJM Interc...

2dThe VergePoliticsImpact

Powell criminal probe upends Trump's search for a new Fed chair

White House economic advisor Kevin Hassett (left) and former Fed Gov. Kevin Warsh are leading prediction market odds for the likehood of becoming President Donald Trump's pick to lead the Federal Rese...

5dBusiness InsiderPoliticsImpact

There's a new way to make money from real estate — without ever buying a home

Getty Images; Tyler Le/BI For most Americans, every home purchase is a bit of a gamble. Is now the right time to jump into the market? Can I haggle on the price a bit more? What if mortgage rates drop...

4dBusiness Insiderreal_estateImpact

China-focused hedge funds surged in 2025. Here's who won big.

Chinese leader Xi Jinping and his ruling party have pushed to stimulate China's economy. Xie Huanchi/Xinhua via Getty Images Hedge funds betting big on China generated strong returns last year. Manage...

11hBusiness InsidereconomicsImpact

How Semafor turned Washington into a profit center

Semafor CEO Justin Smith says his company hosted close to 100 events in 2025. His ambition is to build a Washington, DC-based event that's supposed to rivals the annual Davos gathering in Switzerland....

2dBusiness InsiderPoliticsImpact

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...

4dIGNTechnologyImpact

Why has more Maga mayhem equalled ever-higher stocks?

There are three possible explanations and investors must choose one...

1dFinancial TimesPolitics

Google cofounder Larry Page reportedly bought multiple Florida properties ahead of proposed California billionaire tax

Google cofounder Larry Page reportedly purchased property in South Florida. EMMANUEL DUNAND/AFP/GettyImages Google cofounder Larry Page bought property in Florida amid California's proposed billionair...

2dBusiness Insidereconomics

Washington moves to strip sovereign wealth investors of US tax perk

Proposed IRS code changes would alter the calculus for SWFs to invest in America...

2dFinancial TimesPolitics

Spotify is hiking prices again

Plans are increasing by $1-$2 per month. The price of Spotify Premium is about to jump again in the US , marking its third price hike since 2023. Spotify announced that subscribers in the US, Estonia,...

3dThe VergeeconomicsImpact

Private credit investors pull $7bn from Wall Street’s biggest funds

Funds managed by Apollo, Ares and Blackstone were among those hit by redemption requests in late 2025...

1dFinancial TimeseconomicsImpact

A leading European AI startup says its edge over Silicon Valley isn't better tech — it's not being American

Mistral CEO Arthur Mensch says its edge over Silicon Valley isn't smarter models, but being a European alternative built for control, sovereignty, and trust. LUDOVIC MARIN/POOL/AFP via Getty Images Ar...

2dBusiness InsiderTechnologyImpact

Can Europe still afford its generous state pensions?

Rising numbers of older people across the continent are straining budgets and making for some difficult political decisions...

3dFinancial Timeseconomics

Brands that skimp on social media marketing do so at their own peril

Learning app Duolingo has 17 million followers on TikTok where its mascot Duo is a social-media celebrity. Isa Foltin/TikTok via Getty Images Social media is more important than ever for US retail sit...

4dBusiness Insidereconomics
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