Author: Editor

This as-told-to essay is based on a conversation with Iluka Cindi Greentree, founder of Hustle and Grace. It has been edited for length and clarity. Loading audio narration… Two years ago, I was working as a leader for a domestic and family violence crisis line near my home in Australia. The work involved a lot of travel, in the car and on planes, and I hated how I had to carry so many ugly bags to bring my lunch, laptop, makeup, and everything else I needed on the road. I’d looked for better options, but always felt like I was…

Meta told thousands of employees on Wednesday that their jobs are being cut to offset the company’s other investments, according to an email obtained by Business Insider. Loading audio narration… Emails sent to affected employees said the reduction in head count was part of a “continued effort to run the company more efficiently” and thanked them for their contributions to Meta.It also gives guidance on severance, visas, and access to company systems.Notifications began going out to roughly 10% of Meta’s 78,000 employees on Wednesday, notifying them that they are being laid off.Meta also plans to move more than 7,000 people…

My partner, Andrew, and I live in different countries. We’re deeply committed to one another and run an online business together, but we’re in no rush to move to the same place. Loading audio narration… Every month, I take a two-hour flight from Chicago to Winnipeg, Canada, and make my way through customs right into his waiting arms. Two weeks after that, he does the same in reverse, heading south to me in Chicago.People are often surprised to learn we don’t have plans to move to the same place anytime soon, but this arrangement allows us to prioritize our families…

Mayor Zohran Mamdani’s proposed tax on luxury second homes has an unlikely defender: Jeff Bezos. Loading audio narration… The Amazon founder compared the pied-à-terre tax — which has been criticized by other prominent businesspeople — to a tourist tax in an interview with CNBC on Wednesday.”Taxes on out-of-towners are very popular taxes. That’s why there are hotel taxes,” Bezos said.”There are limits. If you raise the hotel taxes too much, the tourists stop coming,” he added. “So you have to be judicious, but I think that the pied-à-terre tax is a fine thing for New York to do.”The pied-à-terre tax…

Amazon executive chairman Jeff Bezos said a controversial tax strategy used by the wealthy to borrow against assets to lower their income taxes is largely a “myth.””There’s no truth to this ‘buy, borrow, die’ thing,” Bezos told CNBC’s Andrew Ross Sorkin Wednesday in a wide-ranging interview. “I don’t even know where this comes from.”The “buy, borrow, die” strategy refers to the practice of wealthy founders or investors borrowing against their assets and using the loan proceeds as income. Since the loan isn’t considered taxable income, their income stream avoids tax. Thanks to the step-up in basis tax provision, any gain in the…

The founder of Authentic Brands Group, the management firm behind dozens of retail and media names including Reebok, Champion and Brooks Brothers, said he expects to take the company public in the next 12 months as he announced a former Wynn Resorts CEO will be its next chief executive. In an exclusive interview with CNBC’s Sara Eisen, Jamie Salter said Authentic’s president, Matt Maddox, who joined the firm as president in January 2025 after a 20-year career at Wynn, will take over as CEO so Salter can transition to executive chairman.When asked if this means the company is headed for…

Americans are leaving big cities in search of a more affordable cost of living, but it turns out they don’t want to be too far from the action.According to data from Redfin, house hunters yearn for the exurbs — the happy medium area between rural and urban. Redfin analyzed ZIP codes in the 100 most populous metro areas by year-over-year growth in listing views and its Redfin Compete Score, which measures the difficulty in winning a home bid, and came up with a list of the most in-demand neighborhoods.Every neighborhood is no more than an hour’s commute away from a…

Immad Akhund, CEO and co-founder of the startup Mercury.Courtesy: Mercury TechnologiesMercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively.That valuation is 49% higher than the San Francisco-based company’s previous funding round just 14 months ago, bucking the downturn facing much of the fintech sector.The Series D round was led by venture firm TCV — backer of other well-known fintech firms, including Revolut and Nubank — and included existing investors Sequoia Capital, Andreessen Horowitz and Coatue, Mercury CEO Immad Akhund told CNBC.Mercury has emerged in…

James Murdoch is buying a big chunk of Vox Media. Loading audio narration… Vox Media will split into two entities, with Murdoch’s company acquiring New York magazine, the Vox Media Podcast Network, and Vox. They’ll be led by Vox Media CEO Jim Bankoff.The remaining brands — Eater, Popsugar, SB Nation, The Dodo, and The Verge — will become a separate company led by Vox Media exec Ryan Pauley.With the transaction, the Murdoch family scion will acquire media properties with clear cultural relevance.New York is a celebrated culture and politics magazine that Murdoch’s father — conservative media mogul Rupert Murdoch — once owned.…

It turns out your boss might want a version of you that isn’t altogether authentic.One of the many pieces of career advice that emerged years ago — when the job market was far friendlier for many workers — is the idea that we should bring our whole selves to work.That’s not aging all that well these days, however, as employers in many industries remain selective in their hiring, and some companies announce layoffs.”If you love wearing tight little leather outfits that are strapped on, I don’t want to see that,” said Margie Warrell, a leadership consultant and author of the book “The…