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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...

1dBusiness 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...

23hBusiness 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

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...

6hBusiness InsiderPoliticsImpact

A fallen billionaire's bulletproof Mercedes sold at bankruptcy auction for $63,000. Here's how it went down.

Joe Buglewicz for BI Business Insider took a deep-dive look at the bankruptcy auction of an armor-plated Mercedes. The auction was entirely online, and people placed 115 bids without kicking the tires...

Jan 17Business InsidereconomicsImpact

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...

4dBusiness InsidereconomicsImpact

The world's biggest fast-food chain just landed in NYC. We tried Mixue — and the hype is real.

I visited the Mixue location in Midtown Manhattan's Herald Square. Henry Chandonnet/Business Insider Mixue has opened its first American locations: two in New York, and one in Los Angeles. I visited t...

5dBusiness InsiderlifestyleImpact

I'm a designer, and Saks was my biggest customer. Now it owes me six figures, and I'm fighting to keep my business viable.

Fisayo Che, the founder of fashion brand Elisamama, counted on Saks for more than half of her business. The company's bankruptcy has left her questioning a yearslong partnership. Courtesy of Fisayo Ch...

2dBusiness InsidereconomicsImpact

Here's where Costco gas savings can pay for your membership the fastest

Costco has been selling gas at bargain prices since 1995. Patrick T. Fallon/AFP via Getty Images Costco sells gas for around $0.20 per gallon, less than what typical fuel stations charge. In many case...

6hBusiness InsidereconomicsImpact

AI is turning Big Tech into a superstar economy

A star that may have ripped apart a planet, according to researchers REUTERS/NASA/Handout A version of this story originally appeared in the BI Tech Memo newsletter. Sign up for the weekly Tech Memo n...

Jan 17Business InsiderTechnologyImpact

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

The New Alienware Area-51 Ryzen X3D RTX 5090 Gaming PC Drops in Price Following CES 2026

If you're seeking the absolute best of the best in PC gaming performance, look no further than Alienware's flagship Area-51 prebuilts. Following CES 2026 , Dell has discounted an Alienware Area-51 AMD...

Jan 13IGNTechnology

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

Lego and Pokémon released a $650 collab, and resellers are already vying to get a bite of the market

Lego Pokémon's Venusaur, Charizard, and Blastoise set. The Lego Group Lego released its first-ever Pokémon set this month. The presale allocation sold out quickly, and it's already a popular target fo...

5dBusiness Insiderlifestyle

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...

5dBusiness InsidereconomicsImpact

Get ready for an adtech IPO rebound

Consumers are spending more than ever on mobile apps. Anusak Laowilas/NurPhoto via Getty Images The "year of mobile" may finally be upon us. Mobile adtech firm Liftoff filed to go public this ...

6dBusiness InsiderTechnology

LinkedIn cofounder Reid Hoffman says companies are approaching AI the wrong way

LinkedIn cofounder Reid Hoffman Dominik Bindl/Getty Images LinkedIn cofounder Reid Hoffman says most companies are thinking about AI adoption the wrong way. Instead of focusing on pilot projects, he s...

2dBusiness InsiderTechnologyImpact

OpenAI is making more than $1 billion a month from something that has nothing to do with ChatGPT

Sam Altman says OpenAI's API business pulled in more than $1 billion in annual recurring revenue in the past month. Kyle Grillot/Bloomberg—Getty Images/Reuters OpenAI has made more than $1 billi...

1dBusiness InsiderTechnologyImpact

JPMorgan CEO Jamie Dimon said Trump's proposed 10% cap on credit card rates would be an 'economic disaster'

Dimon said at Davos that the cap would cause a "disaster." Denis Balibouse/Reuters Jamie Dimon said Trump's proposed cap on credit card interest rates could hurt 80% of Americans. Speaking at ...

3dBusiness InsiderPoliticsImpact
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