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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 ...

6dBusiness Insidereconomics

RAM price hikes: the latest on the global memory shortage

Random access memory, or RAM, is in just about every piece of technology we use. But it’s also the technology that AI companies like OpenAI, Anthropic, Google, and Meta are using to power the se...

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...

6dBusiness InsiderPoliticsImpact

Palantir CEO Alex Karp says humanities jobs are doomed in the age of AI: 'Hopefully you have some other skill'

Alex Karp, CEO of Palantir, said vocational skills will be in high demand in the AI era. Fabrice COFFRINI / AFP via Getty Images Alex Karp, the CEO and cofounder of Palantir, doesn't have a technical ...

5hBusiness InsiderTechnologyImpact

Nike was the fastest-growing shoe brand on StockX last year — and it wasn't because of a sneaker

Nike released the ReactX Rejuven8 in early 2025. Sheldon Cooper/SOPA Images/LightRocket via Getty Images Nike was the fastest-growing shoe brand on StockX in 2025. It wasn't a sneaker that fueled a 5,...

5dBusiness InsiderlifestyleImpact

Martin Luther King Jr. was talking about a universal basic income before it was cool

Martin Luther King Jr. fought for both racial and economic equality. Michael Ochs Archives/Getty Images Martin Luther King Jr. fought for both racial and economic equality during his life. He argued f...

1dBusiness InsidereconomicsImpact

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'...

4hBusiness 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...

1dBusiness InsiderTechnology

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...

2dBusiness InsidereconomicsImpact

Inside Amazon's 'mind-blowing' plan to fix groceries and beat Walmart

Getty Images; Alyssa Powell/BI Amazon is playing catch-up to Walmart in groceries. Some of Amazon's new ideas mirror Walmart's strategies. Amazon plans to double down on its sub-same-day grocery deliv...

12hBusiness Insidereconomics

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...

6dBusiness InsiderPoliticsImpact

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...

1dBusiness Insiderworld_newsImpact

David Ellison's Paramount suffers a setback in its legal fight with Warner Bros. Discovery

David Zaslav is chief of Warner Bros. Discovery, left, which just rejected Paramount Skydance CEO David Ellison's latest bid for Warners. JC Olivera/Variety via Getty Images; Patrick T. Fallon/AFP via...

5dBusiness Insidereconomics

Ubisoft Layoffs Continue With 55 Staff at The Division Studio Massive and Ubisoft Stockholm Now Impacted

Ubisoft has today announced that it expects 55 jobs to impacted as part of further cost-cutting, now at The Division studio Massive and fellow Swedish outfit Ubisoft Stockholm. The likely job losses f...

Jan 13IGNeconomicsImpact

AI tools could make companies less competitive because everyone buys the same brain, think tank CEO says

Companies rushing to adopt the same AI tools risk losing their competitive edge, independence, and long-term resilience, a think tank CEO says. APHOTOGRAFIA/Getty Images The CEO of a digital economy t...

3dBusiness InsiderTechnologyImpact

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

Boston Dynamics CEO told us how the humanoid robot revolution begins

Boston Dynamics CEO Robert Playter talked to Business Insider about how humanoid robots will transform the factory workplace. Sophia Tung Boston Dynamics revealed the latest iteration of Atlas, a 200-...

2dBusiness InsiderTechnologyImpact

Netflix CEO Ted Sarandos tries to solve his movie problem

Netflix co-CEO Ted Sarandos has spent years people should be able to see big movies at home, without going to theaters. Now he's changing his tune. Rich Polk/2026GG/Penske Media via Getty Images Netfl...

4dBusiness InsiderEntertainmentImpact

Apple is losing its grip on the world's tech supply chain

Google CEO Sundar Pichai (right) and Apple CEO Tim Cook (left). Anna Moneymaker—Getty Images/Reuters Apple enjoyed a long run at the top of the tech supply chain. Now, this prized position is be...

4dBusiness InsiderTechnologyImpact

I thought I needed to hit a magic number to retire comfortably. Getting laid off at 58 changed my thinking.

The author was laid off at age 58. Courtesy of the author Getting laid off at 58 forced me to confront what retiring comfortably really means. Chasing a "magic number" for retirement kept me w...

6hBusiness InsidereconomicsImpact
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