Author: Editor

SCOTTSDALE, ARIZONA — For Honeywell Aerospace CEO Jim Currier, it’s time to show investors what his company can do as a standalone business. “We have a purpose-built management team just solely focused on one strategy, one mission as opposed to disparate missions of a conglomerate,” Currier told CNBC at his company’s investor day.When it’s officially spun off from its parent company later this month, Honeywell Aerospace will be aggressively pushing its advantages in avionics, engine control systems and a host of technologies from the nose to tail of commercial airplanes, business jets and military aircraft.The hope is to accelerate growth.…

The cost of a college education has only been rising, and at some US schools, the annual sticker price now surpasses $100,000.As millions of Americans drown in student debt, some schools have implemented policies to help students better afford higher education, including free-tuition initiatives.The financial aid landscape in the US is often complicated, riddled with ultra-specific jargon, and can look entirely different from family to family. In many cases, “tuition-free” does not mean the entire cost of college is covered, and students may still be responsible for housing, food, books, fees, health insurance, travel, or personal expenses.Some of these schools…

Pelley made headlines for vocally challenging Nick Bilton, the new executive producer at “60 Minutes,” and calling out Weiss.The veteran “60 Minutes” correspondent, who’d been with CBS for over three decades, reportedly said that Weiss was “murdering” “60 Minutes.”Bilton fired Pelley on Tuesday night, saying that the correspondent’s “antipathy to the future of the show has come through loud and clear.””Despite yesterday’s misconduct, I had hoped that in sitting down with you today we could find a path forward together,” Bilton wrote to Pelley. “You made clear that you are not interested in such a path.”Pelley said in a statement…

Uber is laying off nearly a quarter of its People and Places staff — but not because of AI, the company said.The department oversees teams from human resources to recruitment. The job cuts amount to less than 1% of Uber’s global workforce of 34,000 employees, a spokesperson said.The layoffs come less than a month after Uber named Jill Hazelbaker to the newly created role of chief corporate affairs officer and president.Hazelbaker, who has worked at Uber since 2015, said in a memo to staff on Wednesday that the layoffs reorganize teams that “have become too complex and fragmented, with overlapping…

Alexis Adegoke is always romanticizing New York City.She and her husband, Tolu, who had spent part of his childhood in the city, moved to New York together in 2014 after graduating from college. As they built their adult lives, the couple embraced New York’s hustle. They loved that they could walk everywhere, that their community was never more than a few steps away, and that the city’s history was always around them.”The scenery of New York is just beautiful to me,” Adegoke told Business Insider.The two got married in the city and welcomed two kids there. Adegoke, 35, now a…

OpenAI’s employees are spending tokens on tokens on tokens. And yet it’s someone outside the company who is spending the most.The AI lab’s employees are known for their high AI spending. Peter Steinberger, the creator of OpenClaw, once spent $1.3 million worth of tokens in a month.During a Tuesday enterprise event, CEO Sam Altman talked about the company’s highest token spender.Six and a half years ago, OpenAI’s top token burner went through 100,000 a month, Altman said. That was “very likely the token leader in the world,” he said.”Today, 6.5 years later, that is about the per capita average in…

This as-told-to essay is based on a conversation with Julissa Gomez, author of the children’s book, “The Friendship Next Door with Delmar.” It has been edited for length and clarity.In 2015, my parents and I moved into a house in Los Angeles that was next to an older man who quickly came over to introduce himself as Delmar. He brought us newspaper cutouts of comic strips to welcome us to the neighborhood, saying that if we needed anything, he was right next door.Although everyone in the neighborhood knew Delmar, we were the first to include him in our family life.We…

Top leaders at CBS News both praised and blamed “60 Minutes” correspondent Scott Pelley in a morning meeting the day after firing him, according to a recording obtained by Business Insider.Pelley was dismissed by CBS News on Tuesday after sparring with his new boss — “60 Minutes” top producer Nick Bilton — and calling out CBS News top editor Bari Weiss.Weiss told staffers on Wednesday morning’s editorial call that the network “had to part ways” with Pelley after their foundation of trust was “broken.””I know I speak for myself, and I hope I speak for everyone here when I say…

Homes in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty ImagesMore frustrated home sellers were giving up, right in the midst of the all-important spring market, according to new data.Nationwide, 5.8% of all home listings were pulled off the market in April, according to Redfin, a real estate brokerage. That ties with December for the highest share of homes delisted since March 2020, when the pandemic hit and the housing market froze. Delistings in April were up 3.8% compared with March. The increase comes as higher mortgage rates, elevated gas prices and weaker…

For more than a century, Hotel Du Pont in Wilmington, Delaware, has served as a hub for business leaders, an opulent event venue, and a luxury hotel that stands as a destination in its own right.Built in 1913 as part of the Du Pont Company’s headquarters, the hotel was designed to impress executives and industrialists flocking to Delaware as the state’s corporate influence grew. In true Gilded Age fashion, artisans flown in from Europe helped outfit the rooms with Italian Renaissance Revival craftsmanship rivaling royal palaces.Their work remains well-preserved. Today, guests at Hotel Du Pont can walk across its original…