Author: Editor

A major student-loan company is in the spotlight again for delivering inaccurate information to borrowers.A group of Democratic lawmakers, including Sens. Elizabeth Warren, Jeff Merkley, and Ed Markey, is seeking information from student-loan servicer MOHELA after it sent borrowers erroneous past-due notices, telling them they were approaching default when they were not.The lawmakers requested that MOHELA clarify the extent of the error, including how many borrowers received past-due notices, how the glitch occurred, and how long it took the servicer to notify borrowers of the error.An Education Department spokesperson previously confirmed to Business Insider that the department was aware of…

A luxury home in Tribeca that is being offered privately for rent at $175,000 a month.Credit: Laura Klein, Bespoke Real EstateA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.A surge in wealthy renters is driving Manhattan rents to new records, according to brokers.Median rents in Manhattan reached an all-time high of $5,000 a month in July, according to the Real Deal Report, authored by Jonathan Miller, director of markets for Street Matrix. The average rent jumped 15%…

You might be networking all wrong — and it could be costly.In an era of AI-generated applications and a sluggish job market for many desk workers, making connections can be key to standing out and landing a role.While forming solid professional relationships can help, it’s not always easy to know how to start. Career coaches and etiquette pros shared dos and don’ts for building professional relationships:Write something personalizedWhen networking, people too often post generic messages on LinkedIn that don’t break through.”You can’t go into it cold,” said Jasmine Escalera, a career expert with MyPerfectResume, referring to networking. “That doesn’t mean…

Luckily for the winners of Nike’s street race — and perhaps Nike as well — both pay less than $4,000 for their share of rent in New York City.The sportswear giant was offering that much, which it described as a month’s rent, to two winners of a multi-heat street race held in New York City on Saturday. That’s less than the median monthly rental cost for a Manhattan apartment.One winner, Destiny Scott, told Business Insider in a post-race interview that she lives with her mother in a “decent-sized” apartment in East Harlem. She said her share of the rent is…

This as-told-to essay is based on a conversation with Ben Spell, the founder of Good Ranchers, a meat and seafood delivery subscription company that sources all its products from American ranchers.This month, President Donald Trump said he would allow up to 300,000 metric tons of beef to be imported into the US with no out-of-quota tariff over the next 90 days. Trump said he would also allow ranchers and farmers to process their own meat. The article has been edited for length and clarity.My wife and I started Good Ranchers in 2018. Before that, I was a worship pastor and…

AI is both taking jobs and creating them.That’s led to a divide among labor unions over AI data centers. And it largely depends on the kinds of workers they represent.The majority of the public is against AI data centers, according to polling. They worry about the environmental impacts, their strain on the electric grid, noise, or they just generally don’t like the idea of artificial intelligence.Many communities have already taken action. A dozen towns in North Carolina have implemented moratoriums, and two have permanently banned the facilities. New York became the first state to approve an AI data center moratorium…

The email came in on a Tuesday. It was an announcement that I had been promoted to director, an executive position at the Magnificent 7 company, where I had worked for eight years. Follow-up congratulatory emails started to pour in. I sent brief but genuine replies, “Thank you.”A few weeks later, another email went out. My manager was leaving the team. Having just been promoted, I thought this was an obvious next step for me.That didn’t happen. They were hiring someone else instead — another director from another team was coming in to take his place. My role and title…

My first internship gave me a simple task: Email a press release to a large list of reporters. I followed the meticulous formatting instructions from a binder, and hit send.Minutes later, a supervisor let me know that I had botched this most basic responsibility. I needed to BCC the list of recipients, something I had neglected to do because in my time in a college classroom, I hadn’t learned what BCC meant. It was the kind of rookie mistake I couldn’t anticipate and learn only by bumbling through my first office job. For today’s young workers, navigating first jobs may…

Ina Garten, 78, said the key to embracing new challenges later in life is making sure they’re fun.On Saturday’s episode of “The Interview” podcast, Garten reflected on her decision to pursue new creative ventures in her 50s, both as a cookbook author and as the host of a Food Network show.”I love working scared, because it keeps me up at night,” Garten said. “I love this expression, getting out over your skis. Well, you have no choice. You’ve invested your money. You’ve sort of made a stake in what you’ve decided to do, whether it’s books or TV.”Garten said she…

This as-told-to essay is based on a conversation with Disha Lamba, 28, who lives in Gurugram, India. The following has been edited for length and clarity.I was born and raised in India. As an introvert, I liked being in my comfort zone, but my dad dreamed of sending me to the US for my master’s.His friends’ children went to the UK and the US and achieved so much. He wanted the same for me. In 2021, at 23, I went to NYU for a master’s in computer engineering. I’d only seen New York in movies, but I quickly fell in…