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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

Treasury Secretary Scott Bessent says defense giants are 'failing the American people' by falling behind on orders

Treasury Secretary Scott Bessent (left) and Donald Trump. ANDREW CABALLERO-REYNOLDS / AFP via Getty Images Treasury Secretary Scott Bessent took aim at US defense contractors on Tuesday. He said they'...

3dBusiness InsiderPoliticsImpact

The Supreme Court is about to weigh in on the Fed's independence in a case that goes beyond Jerome Powell

Chip Somodevilla/Getty Images; SAUL LOEB/Getty Images; Tom Williams/Getty Images; Tyler Le/BI The Supreme Court is set to hear arguments over whether Trump can fire Fed board member Lisa Cook. The ora...

5dBusiness InsiderPoliticsImpact

Ukraine burned nearly $100 million in missiles in a single night battling a Russian barrage, Zelenskyy says

Ukrainian forces shoot down a Russian missile over Kyiv on Tuesday. Gleb Garanich/REUTERS Ukraine fired nearly $100 million worth of missiles in a single night defending against Russian strikes. The f...

3dBusiness InsiderPoliticsImpact

What we know about who's buying TikTok's US business

Oracle's CTO Larry Ellison, TikTok's CEO Shou Chew, and Michael Dell. Andrew Harnik/Getty Images; Anna Moneymaker/Getty Images; Andrew Caballero-Reynolds/AFP via Getty Images TikTok's owner has closed...

21hBusiness InsiderPoliticsImpact

Citadel CEO Ken Griffin says Trump's tariffs have landed the US in a 'pretty unfortunate position'

Ken Griffin, CEO of Citadel. Fabrice COFFRINI / AFP via Getty Images Ken Griffin, CEO of Citadel, gave his two cents on Trump's key economic policies. Tariffs have led to higher inflation and disrupte...

2dBusiness InsiderPoliticsImpact

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

Macron says Ukraine now relies on France, instead of the US, for intelligence

French President Emmanuel Macron said his country is now providing Ukraine with "two-thirds" of its intelligence. Philippe Magoni / POOL / AFP via Getty Images Emmanuel Macron said that France...

Jan 16Business InsiderPoliticsImpact

7 charts show how the economy looked in Donald Trump's first year of his second presidency

The economy has changed a lot in the first year of Trump's second term. Alex Wong/Getty Images Donald Trump just wrapped up the first year of his second term as president. Business Insider examined ho...

4dBusiness InsiderPoliticsImpact

Read the memo Target's HR chief sent staff about 'expected disruptions' as ICE raids Minneapolis

Graffiti reading "ICE out now!" is seen on the exterior wall of a Target store in Minneapolis. Kerem YUCEL / AFP via Getty Images Target sent a memo to staff acknowledging the stress workers m...

22hBusiness InsiderPoliticsImpact

AOC and Paris Hilton team up on a bill targeting AI deepfake porn

Paris Hilton and AOC at an event supporting the DEFIANCE Act, a bill that would create a civil right of action allowing victims of AI-generated deepfake porn to sue the creators and distributors of th...

1dBusiness InsiderPoliticsImpact

Front-line NATO ally Finland says it's ready for a Russian attack. Here are the capabilities giving it confidence.

Finland's military was designed with threats from Russia in mind. Leon Neal/Getty Images Finland's president outlined the ways the country is ready for a Russian attack. He pointed to elements like ci...

2dBusiness InsiderPoliticsImpact

US planning for the Maduro raid eyed a time when much of the Venezuelan military was expected to be on holiday, memo reveals

The US initially planned its raid into Venezuela at a time when soldiers would be on leave, a newly released memo reveals. AP Photo/Cristian Hernandez US planning for the Maduro raid focused on a time...

Jan 15Business InsiderPoliticsImpact

Read the memo TikTok's CEO sent staff after closing a deal to avoid a US ban

TikTok's CEO Shou Chew Tom Williams/CQ-Roll Call, Inc via Getty Images TikTok has finalized a deal to keep its business operating in the US. The deal, a US joint venture, involves a new set of investo...

23hBusiness InsiderPoliticsImpact

Whole milk is gross. I don't care what RFK says.

Whole milk, yuck. Getty Images; BI The government's latest dietary guidelines suggest people drink whole milk instead of low-fat. This matters a lot for school lunches, where whole milk will get top b...

2dBusiness InsiderPoliticsImpact

Satellite images of the secretive US military base at the center of a new Trump controversy

Satellite imagery from 2025 shows bombers and aircraft at Diego Garcia. Planet Labs PBC President Trump is criticizing a UK decision that could affect US operations on Diego Garcia. Diego Garcia has b...

3dBusiness InsiderPoliticsImpact

America's homebuilding is powered by immigrant workers. Here are the places that rely on them the most.

The cities building the most homes rely more heavily on immigrant labor. Allen J. Schaben / Los Angeles Times The cities that build and remodel the most homes rely the most heavily on immigrant worker...

6dBusiness Insiderreal_estateImpact

How business leaders are responding to Trump's plan to cap credit card interest rates, from JPMorgan to SoFi

Business leaders like Klarna's CEO support Trump's credit card cap proposal, while major banks and investors warn of risks. BRENDAN SMIALOWSKI/AFP via Getty Images Donald Trump proposes a 10% cap on c...

Jan 14Business InsiderPoliticsImpact

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

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
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