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I pay the millionaire's tax in Massachusetts. I've thought about moving my family away, but I'm staying for my kids.

Sam Slater says he wants to raise his children in Massachusetts, despite paying the millionaire's tax. Sam Slater California's proposed wealth tax is sparking debate among billionaires across the stat...

Jan 15Business InsiderPoliticsImpact

Student-loan borrowers behind on payments are getting a major break, the US education secretary says

Education Sec. Linda McMahon said that wage garnishments for defaulted student-loan borrowers are on pause. Chip Somodevilla/Getty Images Education Sec. Linda McMahon said that wage garnishments for d...

Jan 16Business InsiderPoliticsImpact

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...

6dBusiness 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....

Jan 16Business InsiderPoliticsImpact

Trump's hugely anticipated Davos speech looks set for a delay after Air Force One had to turn around

Trump is traveling to Switzerland on a Boeing C-32A, pictured on Tuesday night, instead of his usual Air Force One. Chip Somodevilla/Getty Images Air Force One returned to Joint Base Andrews after a &...

3dBusiness InsiderPoliticsImpact

America's largest labor movement joins the fight against ICE

ICE officers have made over 2,500 arrests in Minnesota during Operation Metro Surge. Anadolu/Anadolu via Getty Images The AFL-CIO has endorsed a Minnesota economic blackout on January 23 in response t...

6dBusiness 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

Student-loan forgiveness for public servants is at risk under Trump's plan to ax cheaper monthly payments, Democratic lawmakers say

Sen. Jeff Merkley raised concerns about ending the SAVE student-loan repayment plan. Chip Somodevilla/Getty Images A group of Democratic lawmakers raised concerns with Trump's proposed settlement to e...

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

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...

3dBusiness 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

Hundreds of America's rural hospitals have vanished. Maps show closures by state.

Rural hospital closures limit healthcare for millions of Americans. Thomas Northcut/Getty Images Over `100 rural hospitals have closed since 2005, making it hard for millions to access healthcare. ERs...

5dBusiness InsiderHealthImpact

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...

Jan 16Business Insidereconomics

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

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

Uber Eats and DoorDash workers could see a bump from New York City's new tipping law. The companies say it'll hurt them.

New York City's law mandating an option to tip when customers pay for their order takes effect on January 26. Tom Williams/CQ-Roll Call, Inc via Getty Images A New York City law requiring a tip prompt...

5hBusiness 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

Student-loan borrowers behind on payments now have more time to figure out a plan — and protect their tax refunds

Some student-loan borrowers are at risk of having their tax refunds seized this year. Allison Robbert/For The Washington Post via Getty Images The Education Department temporarily paused seizure of ta...

6dBusiness InsidereconomicsImpact

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

A NATO fighter wing showed up for front-line air patrols with drone defenses for the first time

A Spanish EF-18 on the tarmac before takeoff at Šiauliai. Some elements of the image have been obscured for security reasons at the request of the Spanish Air Force. Jake Epstein/Business Insider Spai...

3hBusiness Insiderworld_newsImpact
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