Author: Editor

Consumers are concerned about rising fuel prices and affordability — and that could be showing up in how fast the least expensive cars are moving off dealer lots.From the first quarter to the third, the number of days it took a dealer to sell a vehicle priced between $20,000 and $29,999 dropped 20%, according to data from Edmunds. That pace of selling saw the biggest acceleration of any price segment. Vehicles priced from $30,000 to $39,999 sold about 18% faster, and the number of days it took to sell the next tier — $40,000 to $49,999 — dropped nearly 12%,…

Warren Buffett hasn’t had a glass of water since at least the 1970s.That’s what the 96-year-old business icon once told Bill Ackman, the billionaire hedge fund manager recalled during an episode of the Equity Mates Investing podcast that aired this week.Ackman said that Buffett came over for dinner at his home “years ago,” and he’d made sure to stock up on the legendary investor’s favorite drink, Cherry Coke.The Pershing Square founder and CEO said that once they were sitting at the table, he asked Buffett whether he’d like still or sparkling water. Buffett politely declined, opting for his preferred soda…

Reddit announced on Thursday that it will soon start being a (mostly) logged-in-only experience, citing declining search traffic as one of the reasons. Redditors, who are famously level-headed and open to change, reacted about how you would expect.In an earnings call, CEO Steve Huffman said that Google’s AI Overviews “are not traffic drivers”,” and that “Google has really shifted in their relationship with the rest of the internet.”It wasn’t so long ago — June 2024 — that I wrote an article with the headline “Reddit’s traffic is way, way up. Like, banoodles up.”Things have changed a lot in those two…

A traditional job typically comes with a regular paycheck and benefits — a measure of stability and predictability.Entrepreneurship offers neither. It comes with risk and uncertainty. There is potential for a big payoff, but no guarantees.Popsmith CEO Tal Moore put it bluntly: “You have to be insane to be an entrepreneur,” he told Business Insider. “Because there’s so much risk. There’s so much turbulence.”He and his cofounder nearly ran out of money while building their high-end stovetop popcorn popper.”I ended up selling $600,000 worth of my personal stock to keep us afloat,” Moore said.It was stressful, of course, but Moore…

The market is moving fast. Hedge funds are trying to move faster.With some of the market’s reliable tech winners slowing down, hedge funds are digging deeper into company fundamentals and leaning into the “hedge” part of their name.An October report from Goldman Sachs’ prime brokerage desk found that hedge funds were close to a five-year high in short bets. At Robin Hood’s closed-door investor conference in New York in October, Bayberry Capital founder Angela Aldrich revealed that she was launching a short-only strategy to complement her flagship long-short fund, according to two attendees who heard her presentation.Aldrich, an alum of…

This as-told-to essay is based on a conversation with Taylor Kelly, the 34-year-old founder of Eventful ATL, who lives in Atlanta. The following has been edited for length and clarity.If you’d asked me in the beginning if my side hustle of candle-making classes would become a business a year later, I would’ve had no clue.It went from $2,000 in revenue in 2023, when it was an evening and weekend side gig, to $16,000 in 2024, when I created a legal business entity: Eventful ATL.Then, in 2025, I was laid off from my corporate job.It gave me more flexibility to really…

The busiest day of the year for Uber and Lyft drivers is almost here.While you might guess that New Year’s Eve or St. Patrick’s Day would draw the most rider demand as people go out partying, Halloween actually wins the prize for ride-hailing drivers in the US, according to ride volume data and comments from executives.The culmination of spooky season is likely to be big again this year, with Halloween falling on a Saturday, giving people more time to party — and creating more demand for rides.Last year, the most ride-hailing trips occurred on October 31, according to Gridwise, a…

The New York venue was bustling with executives, some of whom governed companies with thousands of employees.I met my first one within seconds of walking in.On Thursday, I attended Business Insider’s The Long Play event at Perelman Performing Arts Center. (Full disclosure: Business Insider is my employer, and you’re probably reading this on its website.) I entered the event with a mission: to chat, network, and maybe learn a thing or two about my own career. Workplace debates and startup chatter filled the air at Business Insider’s The Long Play.  Carl Timpone/BFA Mingling among the crowd, I chatted with the…

Alex Rodriguez says baseball taught him the value of failure. Speaking on Friday’s episode of “The Sebastian Maniscalco Show,” Rodriguez said his professional baseball career shaped his approach to managing his business, A-Rod Corp.”I think the greatest thing that I’ve learned from sports is to develop thick skin, because baseball specifically is a major sport of failure,” Rodriguez said.The former baseball player said he ranks fifth all-time in strikeouts in the history of the game.”That means only four people in the history of mankind have failed more than me, right?” Rodriguez said. “I often tell my girls I have a…

For WeWork’s CEO, Fridays are for sneakers. Sometimes.At Business Insider’s The Long Play event on Thursday, John Santora told Deputy News Chief Cadie Thompson that he rebuilt WeWork in part by establishing a sense of trust and decorum among employees.In pursuit of that goal, Santora instituted a dress code for employees, but also gave them one day a week to work from home.”I didn’t have the ability to go watch my son play a 3 o’clock baseball game,” Santora said, adding, “We have to give our employees that flexibility to do all that.”Santora, formerly the chief operating officer at Cushman…