Author: Editor

When mortgage rates hit multi-decade highs in 2023, the prevailing wisdom was that the housing market would eventually become more affordable. Buyers who stayed patient would be rewarded. The market would self-normalize.Three years later, prospective buyers are still waiting for that relief. And there are recent signs of a housing market going in the wrong direction.The latest bad news came on Tuesday, when data showed new residential construction fell 12.4% in July. Not to be outdone, single-family housing starts fell to their slowest pace since 2022. For a major reason why, look no further than the 30-year mortgage rate, which…

Smaller hedge funds outgunned by deep-pocketed rivals believe artificial intelligence can help level the playing field — and former Bridgewater analyst Ian McInnis raised millions to do just that.The startup, which is changing its name from WithAI to Multiplier, pulled in $6 million in new capital from existing investors such as Y Combinator and Bridgewater co-chief investment officers Greg Jensen and Karen Karniol-Tambour, as well as big names like Lux Capital, Opendoor CEO Kaz Nejatian, Fortress chairman Pete Briger, and Google DeepMind chief strategy officer Jas Sekhon. Several of the firm’s clients are also a part of the fundraise, according…

Han Wang insists his intentions were pure.The 25-year-old cofounder of Mintlify is a prolific X poster, sending off his snippets of management philosophy to the platform’s techies. One of his essays fanned the flames of Silicon Valley’s hardcore workplace debate. He called it: “Remember to not smile.”Wang said that the essay’s lesson was “challenging yourself and seeking discomfort.” Commenters took it differently: they saw a piece of performative overwork, telling employees to labor until they’re miserable. Founders whom Wang looked up to criticized him; his friends publicly posted their reasons for disagreeing with him.Critics of his post called it “grindslop.””It’s…

Brannon Potts has watched rents soften in North Texas over the past few years.”Especially in the last three years, rents have come down a little bit here,” the Fort Worth-area real estate investor told Business Insider.Potts attributes the decline partly to an influx of new rental supply.”There’s been multiple hundreds of new properties coming online in the last couple of years, so it’s pushed down rents a little bit, even with the growth in the area,” he said. Still, “my overall profit has gone up.”Potts, 54, started investing in real estate five years ago as part of a plan to…

This as-told-to essay is based on a conversation with Jason Shen, the 40-year-old founder of Refactor Labs based in Brooklyn. It has been edited for length and clarity.I’m the founder and CEO of Refactor Labs, an executive coach, and a cofounder conflict expert.I spent two years at Etsy as a product manager, working on the seller-facing mobile app. After being laid off in a round of mass layoffs, I did contract product work for an early-stage B2B SaaS startup and completed the TED Residency, an ideas incubator, where I gave a TED Talk on the future of hiring.I founded Headlight,…

Twenty-somethings Justin Joseph and Anthony Ortega sat triumphantly on the stairs of Manhattan’s AMC Lincoln Square 13, spools of “Dune: Part Three” tickets laid out beside them. They had arrived at 7:15 a.m. to battle the 1500-foot-long line of hopefuls clamoring for tickets to see the film in the rare, premium 70-millimeter Imax format, and won. Justin Joseph and Anthony Ortega got their tickets after arriving at 7:15 a.m.  Juliana Kaplan/Business Insider Moviegoers at the front of the line told me they arrived at midnight, while other early birds arrived between 2 a.m. and 6 a.m. By 11 a.m. —…

Jensen Huang is getting more social.Since joining X last month, the Nvidia CEO has posted about everything from aging chips to financing the AI buildout. But compared to some of his more outspoken peers, Huang likes to explain things.Other tech CEOs have made social media an extension of their public personas: Elon Musk broadcasts everything from product news to politics, while OpenAI’s Sam Altman and Meta’s Mark Zuckerberg have shared sweeping visions for the future of AI. Huang talks more like a teacher.His first post demonstrated exactly that. Huang overcame his “shyness” in joining X because his July 24 post…

One day, about eight years ago, when Tessa Davis’ son was in kindergarten, she got a call from his school outside Little Rock, Ark. She said the school told her he had grabbed a girl’s jacket in the cafeteria and twisted it – they thought he was trying to choke her. Given his past misbehavior, Davis said, the school gave her two options: He could either be suspended for three days or a school administrator could paddle him. NPR is only identifying her son by his first initial, C, because this story details his behavioral struggles and how he’s been…

Seventeen years after becoming the most legendary bank robber of the internet age, Anthony Curcio was again inside a federal courtroom facing prison. It was January 17, 2026. Dressed in a casual blue suit and loose tie, the 45-year-old still possessed the handsome bad-boy charm that long had Hollywood producers after him.Once the high school football hero of tiny Monroe, Washington, a college injury left him with a Vicodin addiction he couldn’t shake. Then, when the housing crash hit, the desperate father of two made an outlandish play: an armored-truck heist of $400,000 in cash and a getaway down the…

The rising sun illuminates the Target corporate logo on a sign at a store on May 19, 2026, in Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty ImagesTarget is expected to report fiscal second-quarter results Wednesday morning as the retailer offers a window into its turnaround progress under CEO Michael Fiddelke. The company has tried to prove to investors that it’s on the right path toward returning to consistent growth and reattracting its core customer. The earnings come as many consumers continue to spend less, pressured by macroeconomic conditions.Here’s what Wall Street is expecting for the retailer’s…