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Luxury retail giant Saks files for bankruptcy

Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy. Jimin Kim / SOPA Images/Reuters Saks Global has filed for Chapter 11 bankruptcy protection. The luxury ...

Jan 14Business Insidereconomics

Veteran investor Jeremy Grantham says AI is 'obviously a bubble' — and it could tank the stock market when it bursts

Legendary investor and co-founder of Grantham, Mayo & van Otterloo, Jeremy Grantham Fairfax Media/Getty Images; Jenny Chang-Rodriguez/BI Jeremy Grantham warned that AI is a historic bubble that's like...

6dBusiness InsidereconomicsImpact

Nvidia is staffing up as it draws heightened scrutiny. These are the key leaders it gained and lost last year.

Jensen Huang Patrick T. Fallon / AFP via Getty Images Nvidia has added key marketing, policy, and HR executives over the past year. Several senior software acqui-hires came via startup deals. Executiv...

Jan 15Business InsiderTechnologyImpact

Millionaires ask leaders at Davos to tax the rich

The Swiss resort town of Davos hosts the World Economic Forum each January, bringing together politicians, policymakers, and business executives. Christian Hartmann/Reuters Nearly 400 wealthy individu...

5dBusiness InsiderPoliticsImpact

Will AI replace human jobs and make universal basic income necessary? Here's what AI leaders have said about UBI.

Universal basic income provides recurring cash payments, no strings attached. Wong Yu Liang AI advances could widen wealth gaps, which has prompted calls for a universal basic income . UBI offers recu...

Jan 19Business InsiderTechnology

How startups can 'break through the noise' and grab attention, according to a marketer-turned-VC

Lindsay Kaplan is a former marketing executive and cofounder of Chief, a networking company for women. Courtesy of Lindsay Kaplan Attention is a hot commodity in the age of social media overload &mdas...

5dBusiness InsiderTechnologyImpact

Ryanair just escalated its feud with Elon Musk to new heights

Ryanair CEO Michael O'Leary at Wednesday's press conference. Brian Lawless/PA Images via Getty Images Ryanair is escalating its feud with Elon Musk by hand-delivering an airline ticket. CEO Michael O'...

5dBusiness Insidereconomics

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...

5dBusiness InsiderPoliticsImpact

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

Ex-Assassin's Creed Boss Suing Ubisoft for CAD $1.3 Million, Alleges His 'Disguised Dismissal' Was to Avoid Severance Pay

Ex-Assassin's Creed boss Marc-Alexis Côté is suing Ubisoft for CAD $1.3 million in lost severance pay and damages following his shock exit from the company last year. Radio Canada broke word of the la...

Jan 19IGNeconomicsImpact

China’s big people shortage just got bigger, and the risks are growing too

Adek Berry/Getty Images China's population declined for the fourth year in a row, reaching 1.405 billion. Falling birth rates and an aging population threaten China's economy and the global economy. G...

Jan 19Business Insiderworld_newsImpact

Warren Buffett said he would have spent $100 billion without blinking — and cash is like 'oxygen' but 'not a good asset'

Warren Buffett is the CEO of Berkshire Hathaway. Nati Harnik/AP Warren Buffett didn't like Berkshire having so much cash and would have happily spent $100 billion. He compared cash to "oxygen"...

Jan 14Business InsidereconomicsImpact

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

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

Verizon says it'll credit customers $20 after its service outage lasted over 9 hours, but you have to claim it

Verizon was down for tens of thousands of customers for most of the day on January 14, 2026. Paul Squire/Business Insider Over 170,000 Verizon customers reported a service outage on Wednesday. The out...

Jan 15Business InsiderTechnologyImpact

Tesla's Cybertruck is falling far short of Elon Musk's ambitious sales targets

Tesla CEO Elon Musk unveils the Cybertruck at an event in 2019. FREDERIC J. BROWN/AFP via Getty Images Things are not looking great for Elon Musk's Cybertruck. Tesla sold just over 20,000 of the "...

Jan 13Business Insiderautomotive

America's new sink-or-swim era is here

Tyler Le/BI A few years ago, HR practitioner T. Tara Turk-Haynes hired yoga instructors and meditation gurus to help employees handle burnout at the media company where she worked. She's not doing any...

Jan 19Business InsidereconomicsImpact

Some flight attendants at ultra-low-cost carriers make more than United crew. Here's how much they earn.

An Allegiant flight attendant. David Becker/AP Flight attendants at ultra-low-cost carriers earn a base pay of between $22 and $68 per hour. Allegiant cabin crew earn higher base pay than those at Uni...

Jan 19Business 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 ...

Jan 17Business InsidereconomicsImpact

Delta is buying Boeing 787s for the first time. Here's why United and American may feel the pressure.

Delta's 787 order reinforces its push for premium long-haul revenue. Delta Air Lines Delta is the last of the legacy carriers to order the popular Boeing 787 Dreamliner. The 787-10 variant offers impr...

Jan 13Business InsidereconomicsImpact
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