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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 ...

Jan 14Business Insidereconomics

Tesla to stop selling FSD as a standalone package and switch to subscription only

Tesla Model Y electric vehicles (EV) at a dealership in Colma, California, US, on Tuesday, July 1, 2025. As its sales continue to slip and its robotaxi strategy seems to falter , Tesla CEO Elon Musk s...

Jan 14The VergeTechnology

The world's 10 richest people in 2016 had a combined net worth of under $600 billion — less than Elon Musk is worth today

Alphabet cofounders Sergey Brin (left) and Larry Page (middle), and Amazon founder Jeff Bezos. Lionel Hahn/Getty Images/Elijah Nouvelage/Remo Casilli/REUTERS The world's richest people have seen their...

6dBusiness InsidereconomicsImpact

One thing that might get workers to embrace AI? The 4-day workweek.

Working fewer days might help create buy-in among workers for adopting AI, authors of a book on the four-day workweek suggest. Drew Angerer/Getty Images Adopting a four-day workweek could boost employ...

Jan 14Business InsiderTechnologyImpact

Jamie Dimon defends JPMorgan's tech spending to avoid getting 'left behind'

JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images Jamie Dimon defended JPMorgan's spending, especially on tech, during Tuesday's earnings call. He said the bank would stay ahead as it competes a...

Jan 13Business InsidereconomicsImpact

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...

3dBusiness InsidereconomicsImpact

I founded a wellness startup after leaving McKinsey. Hustle culture is a liability, not an asset.

Cesar Carvalho worked at McKinsey from 2010 to 2012. Pascal Perich/© Pascal Perich Cesar Carvalho left a consulting job at McKinsey to launch Wellhub, a wellness startup. 14 years later, Wellhub is ch...

4dBusiness InsiderTechnologyImpact

Private equity giant Thoma Bravo eyes software deals as shares fall

Firm’s co-founder Orlando Bravo tells FT that sector sell-off is creating a ‘huge buying opportunity’...

1dFinancial TimeseconomicsImpact

Lululemon's founder is blasting the company for selling sheer leggings, calling it a 'new low'

Chip Wilson said the recall of see-through leggings was a result of Lululemon's incompetent board. Jim Bennett/Getty Images Lululemon's founder, Chip Wilson, had a lot to say about the recall of the s...

9hBusiness InsiderlifestyleImpact

Map shows how the rich and powerful are descending on Davos by private jet

Private jets from dozens of different countries arrived near Davos on Monday. Pete Syme/Business Insider Business Insider tracked private jets landing near Davos on the first day of the WEF annual mee...

2dBusiness InsidereconomicsImpact

Execs at Davos say AI's biggest problem isn't hype — it's security

AI cybersecurity is a top concern for some execs right now. Donato Fasano/Getty Images Business leaders at the World Economic Forum highlight AI security as a top concern. Executives like Raj Sharma a...

2dBusiness InsiderTechnologyImpact

Netflix Added 23 Million New Subscribers in 2025

It's been another big year for Netflix. Stranger Things, KPop Demon Hunters, Frankenstein, Wake Up Dead Man, and a lot more kept audiences glued to the streaming service in spite of price increases an...

1dIGNeconomicsImpact

Elon Musk seeking up to $134 billion from OpenAI, Microsoft

Musk argues the companies benefited from "wrongful gains" that he is owed. Musk co-founded OpenAI in 2015 but says the company now mainly serves Microsoft's interests....

5dDeutsche WelleTechnologyImpact

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

Are you a consultant? Tell us how you're using AI.

Getty Images; Alyssa Powell/BI AI is transforming consulting firms like McKinsey & Company and Boston Consulting Group. Firms now have dedicated staff members who build and test AI tools. Are you a co...

1dBusiness InsiderTechnologyImpact

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...

1dBusiness InsiderPoliticsImpact

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...

5dBusiness InsiderTechnologyImpact

Qatar’s banking advantage: Expanding pathways for global capital

As the World Economic Forum takes stage once again in Davos, Euronews will moderate a discussion co-hosted by Qatar National Bank (QNB), Commercial Bank Qatar (CBQ), Qatar Islamic Bank (QIB) and Doha ...

6dEuronewseconomics

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...

3dBusiness InsiderTechnology

OpenAI’s 2026 ‘focus’ is ‘practical adoption’

OpenAI plans to focus on "practical adoption" of AI in 2026, according to a blog post from CFO Sarah Friar . As the company spends a huge amount of money on infrastructure, OpenAI is working on "closi...

2dThe VergeTechnologyImpact
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