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Billionaires' wealth hits new peak amid rising poverty, Oxfam says

Billionaire wealth surged at three times ‍its recent pace ​last year to reach its highest level on record, deepening economic and political divides that threaten democratic ⁠stability, anti-poverty gr...

5dFrance 24economicsImpact

Harbour BioMed stake in US drug firm Spruce shows Chinese firms’ growing clout, analysts say

Shanghai-based Harbour BioMed’s acquisition of a stake in US-based Spruce Biosciences is the latest example of China’s novel drug developers progressing from one-time licensing deals into long-lasting...

3dSouth China Morning PosteconomicsImpact

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...

Jan 16Business InsidereconomicsImpact

Meta confirms Reality Labs layoffs and shifts to invest more in wearables

Around 10 percent of Meta's Reality Labs division, which develops its XR products and services, will be laid off beginning on Tuesday, as reported by Bloomberg . Meta spokesperson Tracy Clayton confir...

Jan 13The VergeTechnologyImpact

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...

1dBusiness Insiderlifestyle

America's homebuilding is powered by immigrant workers. Here are the places that rely on them the most.

The cities building the most homes rely more heavily on immigrant labor. Allen J. Schaben / Los Angeles Times The cities that build and remodel the most homes rely the most heavily on immigrant worker...

6dBusiness Insiderreal_estateImpact

Disney's sluggish stock threatens to dent CEO Bob Iger's legacy

Disney's stock is casting a shadow over CEO Bob Iger. Variety/Getty Images; Getty Images; Tyler Le/BI A sluggish Disney stock threatens to dent CEO Bob Iger's legacy. The stock is far below its all-ti...

Jan 16Business InsidereconomicsImpact

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

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...

Jan 17Business InsiderTechnologyImpact

FedEx's CEO explains why regular humanoid robots can't get the job done in its warehouses

FedEx CEO Raj Subramaniam said regular humanoid robots aren't sufficient for his warehouses. AP Photo/Eric Risberg FedEx's CEO said regular humanoid robots won't make the cut for work at his warehouse...

5dBusiness InsiderTechnologyImpact

7 charts show how the economy looked in Donald Trump's first year of his second presidency

The economy has changed a lot in the first year of Trump's second term. Alex Wong/Getty Images Donald Trump just wrapped up the first year of his second term as president. Business Insider examined ho...

4dBusiness InsiderPoliticsImpact

Big games are getting bigger — and so are the stakes

Ubisoft is making some massive changes to its business: As part of a reorganization , the company will focus its efforts on the big open-world games it's famous for along with live service titles, and...

2dThe VergeTechnologyImpact

US cost of living remains high one year after Trump's election

One year ago today, Donald Trump was inaugurated president of the United States for a second time. In the months prior, one of his campaign promises had been to "make America affordable again". But fr...

3dFrance 24PoliticsImpact

French PM Lecornu inches closer to passing budget bill without vote

France’s government is set to meet Monday to discuss a highly controversial budget bill that has left Prime Minister Sebastian Lecornu and political parties at an impasse. Lecornu is moving closer to ...

5dFrance 24Politics

Myriad Moves: Bitcoin Bearishness Grows as Gold Gets Closer to Beating Ethereum to $5K

Top markets on Myriad this week include predictions on a new Bitcoin all-time high, the battle between gold and Ethereum, and Zcash's price....

1dDecryptcryptocurrencyImpact

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...

4dBusiness InsiderTechnologyImpact

Bitcoin ETFs post record 2026 inflows as BTC rallies above $97K

Spot Bitcoin ETFs attracted over $1.7 billion in a three-day streak as BTC hit two-month highs and sentiment turned bullish....

Jan 15CoinTelegraphcryptocurrencyImpact

JPMorgan boosts Jamie Dimon’s pay to record $43mn

Long-serving CEO paid $1.5mn in base salary and a $41.5mn bonus...

2dFinancial Timeseconomics

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

US stocks slide after bank earnings disappoint

S&P 500 on course for worst day since mid-December as tech shares also hit...

Jan 14Financial TimeseconomicsImpact
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