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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

'Big Short' investor Michael Burry sounds alarm on AI bubble that's 'too big to save'

Michael Burry Jim Spellman/WireImage Michael Burry says AI is a bubble so big that it will tank the market and economy when it pops. The "Big Short" investor said the government will try to he...

5dBusiness 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...

2dBusiness InsiderPoliticsImpact

JPMorgan's CFO warns cutting credit card interest could make the business not worth being in

JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images America's biggest bank by assets, JPMorgan Chase, reported fourth-quarter earnings on Tuesday. CFO Jeremy Barnum discussed how reduced interest ...

Jan 13Business InsidereconomicsImpact

Vinod Khosla is looking at this metric to gauge if we're in an AI bubble

Vinod Khosla says stock prices aren't the way to evaluate AI bubbles. Mert Alper Dervis/Anadolu via Getty Images Vinod Khosla said he measures AI industry health by API calls, not stock prices or Wall...

6dBusiness InsiderTechnologyImpact

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

Gavin Newsom is heading to Davos with plans to call out Trump

California Gov. Gavin Newsom is headed to Davos. Justin Sullivan/Getty Images California Gov. Gavin Newsom plans to call out President Donald Trump at the World Economic Forum. Newsom has been a vocal...

Jan 16Business InsiderPoliticsImpact

I'm a millionaire living in California. I'm happy to pay higher taxes since I have more wealth — it just makes sense.

Scott Ellis is a millionaire who supports higher taxes for the wealthy, including himself. Courtesy of Scott Ellis Scott Ellis is a Silicon Valley millionaire who supports California's proposed wealth...

1dBusiness InsiderPoliticsImpact

I quit my $390K tech job to start my own business. I still question my decision, but this is the first time in years I've woken up excited for life.

Shiyao Tang says she spent 5 months planning her exit from her $390K job. Shiyao Tang Shiyao Tang quit her $390,000 job at DoorDash to build Soir Si, a silk womenswear brand. Tang says she spent 5 mon...

Jan 18Business InsiderlifestyleImpact

Wall Streeters reveal their favorite AI tools and what they use them for

ANGELA WEISS / AFP via Getty Images Wall Street professionals say AI chatbots are not ready to replace core finance work. Finance leaders use AI for tasks such as summarizing books and presentations a...

4dBusiness InsiderTechnologyImpact

Bumble's chief product officer is out. Read CEO Whitney Wolfe Herd's memo about the 'need to sharpen our focus'

Bumble is restructuring to centralize its product, engineering, and design under one leader. As a result, chief product officer Michael Affronti has left the company after holding the role for a year....

5dBusiness InsiderTechnologyImpact

I left my job to run the family business. We generated $255 million in revenue last year, but I don't want my daughters to take over.

David Heacock left his job to run the family business. Courtesy of David Heacock David Heacock's grandfather founded a machinery business in Alabama. His dad told him not to work in the family busines...

3dBusiness InsidereconomicsImpact

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...

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...

6dBusiness InsidereconomicsImpact

Welcome to the era of the megamanager

Middle managers are taking on more direct reports after the "Great Flattening." dowell/Getty Images The average number of reports for managers is increasing as the "Great Flattening" p...

Jan 14Business InsidereconomicsImpact

MrBeast had billion-dollar dreams for his burger venture. Now he's trying to destroy it.

Phillip Faraone/Getty Images; Dave Kotinsky/Getty Images for MrBeast Burger; Alyssa Powell/BI "I'll just let it die." It was nearly six in the morning on a Tuesday in mid-2023, and Jimmy Donal...

3dBusiness Insiderlifestyle

You can bet on how much snow will fall in New York City this weekend

Traders are betting that New York will see 10 inches of snowfall or more this weekend. JEWEL SAMAD/AFP via Getty Images Stormwatchers are betting on how much snow New York will get this weekend. Winte...

1dBusiness InsidereconomicsImpact

It's shaping up to be the 'prove it' year for workers in Silicon Valley

Across tech, pressure on workers to perform comes as leaders wait for AI bets to pay off. Getty Images; Alyssa Powell/BI Big Tech firms like Amazon and Meta are doubling down on worker oversight and p...

Jan 15Business InsiderTechnologyImpact

Want a promotion? It might pay to use AI

Active AI users got promoted more quickly at Cisco, the company found. David Espejo/Getty Images Cisco said that employees recommended for promotion used AI more often than those who weren't recommend...

Jan 15Business InsiderTechnologyImpact

Vimeo is laying off staff globally after its $1.38 billion sale to Bending Spoons

Cheng Xin/Getty Images Vimeo is laying off staffers globally in a new round of cuts. The job cuts arrived a few months after tech holding company Bending Spoons bought Vimeo. It's Vimeo's second round...

5dBusiness InsiderTechnologyImpact
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