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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...

Jan 13Business InsiderPoliticsImpact

Trump hopes to chart course for Greenland to join the US as he head for Davos

Trump is arriving for the World Economic Forum at Davos on the heels of threatening tariffs on Denmark and seven other allies unless they negotiate a transfer of the semi-autonomous territory — a conc...

4dFrance 24PoliticsImpact

Bessent meets China’s He Lifeng in Davos, praises trade progress on soybeans, rare earths

US Treasury Secretary Scott Bessent said he met with his Chinese counterpart, Vice-Premier He Lifeng, on Monday on the sidelines of the World Economic Forum in Davos. The two men have been the primary...

5dSouth China Morning PostPoliticsImpact

Renaissance, Schonfeld, and Engineers Gate stung in a shaky start for quants in 2026

An Indian broker reacts while trading at a stock brokerage firm in Mumbai, January 22, 2008. Shares from Sydney to London sank for a second day on Tuesday, dragging commodity prices with them and prom...

2dBusiness InsidereconomicsImpact

OpenAI’s 2026 ‘focus’ is ‘practical adoption’

OpenAI plans to focus on "practical adoption" of AI in 2026, according to a blog post from CFO Sarah Friar . As the company spends a huge amount of money on infrastructure, OpenAI is working on "closi...

6dThe VergeTechnologyImpact

OpenAI releases a cheaper ChatGPT subscription

OpenAI is expanding a low-cost subscription tier called ChatGPT Go to the US and the rest of the world. Go was released in India in August and later became available in another 170 countries prior to ...

Jan 16The VergeTechnologyImpact

Asus says it’s dropping the RTX 5070 Ti as the memory shortage squeezes supply

On Thursday, Hardware Unboxed reported that Asus is winding down production of its RTX 5070 Ti, saying, Asus "explicitly told us this model is currently facing a supply shortage and, as such, they hav...

Jan 15The VergeTechnologyImpact

What TikTok’s new owners mean for your feed

TikTok is officially under new ownership in the US, and that could spell big changes for the video-sharing app. On January 22nd , ByteDance - TikTok's Chinese parent company - and a group of investors...

2dThe VergeTechnologyImpact

The TikTok deal is done, finally

Just over a year after it briefly disappeared from app stores, TikTok in the US is now part of a new entity, TikTok USDS Joint Venture LLC . With approval from both the US and China closing on the sch...

2dThe VergePoliticsImpact

Meta has discontinued its metaverse for work, too

Two months before it changed its name to "Meta," Facebook CEO Mark Zuckerberg personally introduced us to his metaverse for work : Horizon Workrooms, envisioned as a virtual space for workers to colla...

Jan 16The VergeTechnologyImpact

Trump's sweeping proposals for credit cards and student debt could be a big deal for other lenders

Proposed policy changes could lead more consumers to turn to private or personal loans. Tatiana Maksimova/Getty Images New caps on student-loan borrowing could prompt more Americans to turn to private...

Jan 14Business InsidereconomicsImpact

600,000 Trump Mobile phones sold? There’s no proof.

Where's the Trump phone? We're going to keep talking about it every week . We've reached out, as usual, to ask about the Trump phone's whereabouts. As usual, we're still waiting for a response. In the...

Jan 16The VergePoliticsImpact

The US ended 2025 with steady but elevated inflation in December

The Bureau of Labor Statistics published the December consumer price index data. Myung J. Chun/Los Angeles Times via Getty Images The inflation rate remained at 2.7% in December, matching expectations...

Jan 13Business InsidereconomicsImpact

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...

Jan 14Business InsiderPoliticsImpact

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...

Jan 14Business InsidereconomicsImpact

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...

Jan 14Business Insidereconomics

Tesla to stop selling FSD as a standalone package and switch to subscription only

Tesla Model Y electric vehicles (EV) at a dealership in Colma, California, US, on Tuesday, July 1, 2025. As its sales continue to slip and its robotaxi strategy seems to falter , Tesla CEO Elon Musk s...

Jan 14The VergeTechnology

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...

3dBusiness InsidereconomicsImpact

The gloves are off in the feud between Sam Altman and Elon Musk

OpenAI executives including CEO Sam Altman (left) published a blog post containing emails that suggest Elon Musk (right) believed the AI company should have attached itself to Tesla for funding. Getty...

4dBusiness InsiderTechnologyImpact

Business spending on OpenAI models jumps to a record, new data shows

OpenAI CEO Sam Altman Florian Gaertner/Photothek via Getty Images/Reuters OpenAI leads enterprise AI adoption, far outpacing Anthropic and Google, according to new data. Ramp data shows 46.6% of US bu...

Jan 15Business InsiderTechnologyImpact
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