Author: Editor

Updated 2026-04-06T13:18:01.243Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. The Great Depression was the worst economic crisis in US history, with unemployment reaching 25%. When the pandemic hit in 2020, Americans hadn’t felt that level of economic tragedy in a century. These photos reveal what life looked like in the bleak 1930s after the stock market crashed.…

This as-told-to essay is based on a conversation with Jeff Buerger, partner at Hall and Hall. It has been edited for length and clarity. Loading audio narration… There’s nothing romantic about growing up on a ranch. At least, there wasn’t when I was a child. I was irrigating fields by the time I was 7, and riding 30 miles on horseback by 10. People are into cold plunges these days, but I’ve been doing them since I was a kid — jumping into a cold ditch was how we got clean.Helping work my family’s 6,500-acre ranch was one of the…

Jamie Dimon might run America’s largest bank, but he’s focused on assigning the firm’s biggest competitive battles to small teams. Loading audio narration… In his annual letter to shareholders, Dimon, who has been JPMorgan’s CEO since 2006, shared a range of management lessons he’s learned, from organizing effective teams to creating company culture.Though JPMorgan employs some 320,000 people, Dimon said said that “the real competitive battles” are waged by small, laser-focused teams. The idea, he explained, is that competitions are won in narrow, highly specific arenas — whether that’s a particular segment of investment banking, a type of client, or…

JPMorgan Chase CEO Jamie Dimon is calling for a broad recommitment to American ideals as his bank navigates geopolitical uncertainty, a teetering economy and the revolutionary impact of artificial intelligence. Dimon in his annual letter to shareholders, published Monday, noted the country’s 250th anniversary as “the perfect time to rededicate ourselves to the values that made this great nation of ours — freedom, liberty and opportunity.” “The challenges we all face are significant. The list is long but at the top are the terrible ongoing war and violence in Ukraine, the current war in Iran and the broader hostilities in…

Jamie Dimon is back with another animal metaphor — this time, a warning about a “skunk at the party” for the economy. Loading audio narration… The JPMorgan CEO warned in his annual letter to shareholders, released on Monday, that inflation could be rising instead of continuing to fall.”The skunk at the party — and it could happen in 2026 — would be inflation slowly going up, as opposed to slowly going down,” he wrote.He warned that this outcome would lead to higher interest rates than markets expect, acting like “gravity” to pull down asset prices.If asset prices fall, he warned,…

Two weeks after opening her dream business, a horror-themed art jamming studio in Singapore called Scuro, Merida Lim was already thinking of quitting. Loading audio narration… “I was so sad because I felt like it wasn’t a viable business idea, but I was trapped because I signed a two-year lease,” Lim, who is now 20, told Business Insider. “If I were to violate that lease, I would pay thousands and thousands of dollars, which is insane to me as a 19-year-old.”The weeks leading up to Scuro’s grand opening in October 2024 were a whirlwind of preparations. Lim and her friends…

This as-told-to essay is based on a conversation with Alex Cohen, a 41-year-old CEO and founder of Xander Marketing, based in Kent, UK. This story has been edited for length and clarity. Loading audio narration… I’ve run my small marketing business for 17 years now. When ChatGPT launched in November 2022, I had a feeling marketing would be one of the first industries to be disrupted.I played around with the model over Christmas, and by my first day back at work in 2023, I told my team we needed to figure out how to use AI. I was excited because…

For Brian Burdick, working at 82 has been one of life’s most surprising joys.The Wichita, Kansas, resident spent his early career making airline parts and selling insurance. A series of personal upheavals — an injury in his 50s, a costly divorce, his sister’s death, and a house fire — left him with little savings and a mound of financial stress. He became a school bus driver and worked evenings at a department store to “just survive,” he says.Years of chugging along the route have finally paid off: His $28-an-hour pay, coupled with his monthly Social Security check, means work is…

Wild swings in gold prices are reshaping more than investment strategies. Loading audio narration… Couples are shopping for engagement and wedding rings differently, rethinking everything from timing to materials to proposal plans.While gold prices have been volatile, falling sharply from their record high above $5,500 per troy ounce in late January, spot prices are still 7% higher at around $4,650 — over 70% higher than at the start of 2025.At jewelry stores, fluctuating gold prices mean quotes can shift quickly.”We are seeing true sticker shock,” Peter Manka Jr., the co-owner of New York-based bridal jeweler Ben Garelick, told Business Insider.…

Inside one of the world’s fastest-growing AI companies, employees can openly challenge the CEO — even on Slack. Loading audio narration… On an episode of “Lenny’s” podcast released on Sunday, Anthropic’s head of growth, Amol Avasare, said employees all have a personal Slack “notebook” that is open to others. Staff, including CEO Dario Amodei, use it like a “Twitter feed” to discuss their thoughts and what they are working on.”You can go and join the Slack channel, the notebook channels of people on research, and all these other areas, and you can learn whatever you want,” Avasare said.He added that…