Author: Editor

A federal judge in California has blocked the merger of local TV giant Nexstar and its rival, Tegna, until an antitrust lawsuit is settled. Loading audio narration… US District Court Chief Judge Troy L. Nunley on Friday issued a preliminary injunction that forbids Nexstar and Tegna from combining operations during the legal dispute with California Attorney General Rob Bonta and seven other state attorneys general.The companies had previously received approval for the merger, reportedly worth $6.2 billion, from the Federal Communications Commission and the US Department of Justice last month. Nexstar and Tegna closed the deal on March 19, immediately…

Not every city is built the same, and that’s also true of rental markets.While some cities are seeing cooling rents and more affordable housing efforts, rent prices in others continue to rise.A recent WalletHub study ranked 182 US cities, including the 150 most populous cities in the country and at least two of the most populous in each state, by how much renters spend on rent, on average.To calculate the share of income spent on rent, WalletHub used US Census Bureau data on median annual gross rent and median household income for each surveyed city.”A general rule of thumb is…

Legendary venture capitalist Ron Conway has revealed he has a “rare” form of cancer. Loading audio narration… The tech investor known as “The Godfather of Silicon Valley” said he is stepping back from the company he co-founded, SV Angel, to begin treatment but will remain involved.In a post on X, he told followers: “I want to share some difficult news. I was recently diagnosed with a rare form of cancer and I want you to hear it directly from me.”Treatment is starting immediately and will include multiple strategies over the course of about a year. While I will be stepping…

This as-told-to essay is based on a conversation with Steph Mahon, founder of Dwell New Jersey, a Compass Real Estate group. It has been edited for length and clarity. Loading audio narration… When I made it through the initial months of the pandemic working in luxury retail, I thought I was safe. I even spent some money on renovating my deck and outdoor space at home. I was stunned when, in September 2020, my position was eliminated.My career goal had always been to climb the corporate ladder. I’d been doing that over the previous 20 years, and I was proud…

I started applying for jobs in the first week of my senior year at Stanford University, assuming I would have something lined up by graduation, if not sooner. I was surrounded by friends entering finance and consulting, where recruiting begins early and offers are secured months, sometimes years, in advance. Loading audio narration… While I wasn’t part of a traditional corporate pipeline, I had spent my college years building inroads in Silicon Valley, managing marketing for hot startups.For nine months, I tracked every application in a spreadsheet. Over time, I simplified it, deleting the “Second Round Interview” column. I wasn’t…

Derek Sylvester with members of his family, team and mascot Molly, who was featured on the dealership’s logo.Courtesy Sylvester ChevroletDerek Sylvester’s father built the family’s original Chevrolet dealership with his bare hands on Main Street in rural Peckville, Pennsylvania, in 1972.The store and family have been a pillar of the village, outside Scranton, ever since. That was until late last month, when Sylvester and his family closed a deal to sell Sylvester Chevrolet to a New York-based dealer group.”As a family, we decided this might be the time,” said Sylvester, who at 67 has been contemplating retirement. “Unless you’re a…

Two top researchers at Jump Trading Group are leaving the quantitative trading firm. Loading audio narration… Yiming Zhang and Darko Kirovski, who joined the proprietary trading firm in 2009 and 2011, respectively, resigned this week, the company confirmed.Both were influential researchers in one of the largest and most profitable units at the firm, Jump Core Strategies, known for its prowess in high-frequency trading.”Yiming and Darko were instrumental in Jump’s growth over the last 17 years, and we’ll be forever grateful for that,” Jump cofounder Paul Gurinas said in a statement to Business Insider. “They will be friends of the firm…

Greg Abel has taken on the Herculean task of succeeding Warren Buffett as Berkshire Hathaway’s CEO. Loading audio narration… If he’s looking for guidance, there’s one person in particular who’s followed in the footsteps of a business icon and taken their company to even greater heights.”I don’t think anyone can appreciate what Greg Abel is going through right now better than Tim Cook,” Kevin Carpenter, the author of “The Berkshire Beat” newsletter, told Business Insider.Two legends, two companies Warren Buffett has retired as Berkshire Hathaway’s CEO but remains the company’s chairman.  Nati Harnik/AP Grasping the full weight of expectation on…

Better looks, better oddsIf you’re not intentional about your appearance, you might be overlooking real currency in the workplace. Loading audio narration… Whether you care or not, your appearance is shaping real outcomes in the workplace. That includes how you’re perceived, how ambitious you seem, access to promotional opportunities, and even higher compensation.It’s why Business Insider created Hot at Work, a new series that explores how appearance and beauty standards shape opportunity, pay, and confidence at work.We’ve explored modern beauty standards and how some professionals feel pressured, often self-imposed, to spend $12,000 to present a youthful appearance to fit in…

Citigroup has taken a bottom-up approach to embedding AI throughout the business, with 4,000 employees trained as something of AI stewards.The firm’s AI tools are now available to 182,000 employees in 84 countries, and CEO Jane Fraser said on a fourth-quarter earnings call in January that adoption of the proprietary tools is above 70%. Fraser said during third-quarter earnings that generative AI tools have saved 100,000 developer hours a week with automated code reviews — “a very meaningful productivity uplift.”The bank launched the pilot of agentic AI for 5,000 colleagues in September.”It allows complex, multi-step tasks to be completed with…