Author: Editor

US chipmaker Intel is planning layoffs within its data center group amid a larger effort to become a “more focused and efficient” company.”As part of our broader strategy to become a more focused and efficient company, Intel’s data center group (DCG) is aligning its organization to ensure it has the right roles and skills in place to position the business for long-term success,” an Intel spokesperson told Business Insider on Tuesday.The spokesperson added that Intel is committed to supporting affected employees through the transition. Intel declined to disclose how many employees would be impacted by the layoffs.A person familiar with…

An endless stream of opinion pieces and social media content has given communication degrees and students majoring in communication a bad rap.Communication often ranks lower on “Return on Investment” charts. The field is also often labeled as a “useless” degree.But I have a bachelor’s in communication and digital studies from the University of Mary Washington (UMW) and a master’s in communication, culture, and technology from Georgetown University. I now teach in UMW’s Communication and Digital Studies department.Here’s why I think you shouldn’t freak out if your college student tells you they’re majoring in communication.I developed ‘soft’ skills that matter in…

2025 Cadillac Escalade V-Series SUVCadillacDETROIT — General Motors will launch new gas-powered Cadillac vehicles beginning next spring as the automaker continues to shift gears away from all-electric vehicles. GM CEO Mary Barra said Tuesday that the next-generation Cadillacs will include new versions of the company’s CT5 sedan, outdated XT5 midsize SUV and discontinued three-row XT6 SUV.”Starting next spring and continuing into 2028, we will begin launching the next generation of Cadillac ICE [internal combustion engine] vehicles,” Barra said during the company’s second-quarter earnings call. She said the vehicles will be in addition to Cadillac’s current all-electric crossovers and Escalade SUV.The…

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Newly enacted housing legislation that bans institutional investors from purchasing single-family rental homes has those same investors putting up more for sale signs.The number of homes owned by institutional investors listed for sale is, as of this month, more than double what it was at the start of February,…

Photo illustration of a group of weight loss medications on a white background.Ucg | Universal Images Group | Getty ImagesNovo Nordisk on Tuesday filed a lawsuit against Eli Lilly, alleging that its advertising campaigns for its blockbuster obesity and diabetes drugs are designed to mislead consumers about their superior efficacy relative to the Danish drugmaker’s rival injections. Novo is specifically taking issue with nationwide ads that cite what it called “outdated” clinical trials to compare the highest doses of Lilly’s medicines to lower doses of Novo’s drugs. For example, those campaigns don’t include new evidence about Novo’s recently approved high-dose version…

When my friends and I had a summer share on the Jersey Shore in the early 2010s, we always made sure to hit Jersey Mike’s for a sandwich. It was conveniently located right next to the Manasquan train station that we frequented. And, more importantly, it was really good.What struck me was that the line was usually out the door — especially during the summer rush — but the line moved. The operational efficiency was impressive for what was still a modest regional chain at that point.Fast-forwarding more than a decade, I’m not surprised to see Jersey Mike’s as America’s…

Democratic lawmakers want to hold colleges accountable for unmanageable student-loan burdens.Sens. Elizabeth Warren and Dick Durbin are reintroducing the Accreditation Reform and Enhanced Accountability Act. It’s aimed at strengthening accountability in the system that determines whether schools can receive federal aid for students.The bill would require the Department of Education to establish guidelines for evaluating colleges, including student-loan repayment outcomes and how much debt students take out postgrad compared to their earnings, according to a fact sheet on the legislation first viewed by Business Insider.The Biden administration found that, between 2021 and 2024, 1.7 million student-loan borrowers were defrauded by…

Kent Shen is a 37-year-old product manager in Seattle. Business Insider has verified Shen’s income and employment history with documentation. The following as-told-to essay has been edited for length and clarity.I came from a lower-income family in Canada, and after graduating from the University of Waterloo in 2012, I spent a few years trying to build a business that ultimately failed.When I returned to the workforce, I felt two years behind many of the applicants I was competing against.Now, I’m a product manager at Expedia making over $250,000 a year.It took until last year for me to shake off imposter…

OpenAI badly wants a piece of the advertising empires that Google and Meta built, and it has a lot of catch-up to do.The AI startup began selling ads on its blockbuster ChatGPT product in February, and the ensuing months have brought geographic expansions, added capabilities, and new advertisers onto the platform. Still, ChatGPT’s ads business has a long way to go before it rakes in anything like the revenue OpenAI has projected, and customers using ChatGPT for advertising told Business Insider that the product is still rudimentary.Advertising is becoming a major opportunity for OpenAI. ChatGPT now has around 1 billion…

Joseph Williams, 49, a chronically homeless man, was arrested on June 28 and charged with two felony counts of camping on state property after police found him living in a public park in East Nashville. He spent nine days in jail before the felony charges were dismissed by a judge. After his release, he returned to the park. Erica Lynn for NPR hide caption toggle caption Erica Lynn for NPR NASHVILLE, Tenn. – In the burgundy booth of a diner, John Lozier leaned in, lowered his voice and asked his friend a question he’s carried for nearly two weeks. “Joe,…