Author: Editor

There’s an income premium for job switchers — and for retirees.The Social Security Administration recently released the cost-of-living adjustment for next year. About 72 million recipients will experience a 3.6% increase in their benefits in January, higher than the September three-month moving average year-over-year median wage growth for job stayers at 3.4%.Independent economist Aaron Terrazas said cost-of-living increases for Social Security beneficiaries were higher than job-stayers’ increases in three of the past six years, the most recent being the 8.7% 2023 increase announced in 2022 amid the post-pandemic inflation spike. “Retiree income is adjusted with the cost of living, whereas…

Novo on Tuesday said its next-generation obesity drug, CagriSema, showed 25% weight loss on average among adult women in a new analysis conducted after a late-stage trial. The Danish company said further work is needed to confirm the hypotheses of two post-study analyses. Still, the results are the latest evidence that the experimental injection can improve upon the weight loss and other benefits offered by Novo’s GLP-1 drug semaglutide, the active ingredient in its blockbuster obesity shot Wegovy and diabetes counterpart Ozempic. CagriSema, a combination of semaglutide and another drug called cagrilintide that targets the amylin pathway, is expected to launch…

Best Buy is tapping further into a growing customer cohort: gamers.Chief Revenue Officer Patrick McGinnis told CNBC exclusively that the electronics retailer is launching a new experience Tuesday for customers featuring gaming content, new technology and special offers, among other features. The online destination is called Best Buy Gamers and is launching in a beta version. “Gamers are a customer that are really like no other in terms of their passion for not just the tech, the titles, but also how they want to work with each other as a community,” McGinnis said. “So for us, being relevant for that…

Google Cloud is experiencing outages in London that appear to have knocked out a number of banking services.An update on Google Cloud’s status dashboard states that it’s seeing service issues at its europe-west2 region, which covers the London area.A handful of banking apps and services, including Halifax and Revolut, reported issues on Tuesday that coincided with Google Cloud’s disruptions. Some companies said that the Google Cloud outage was the cause, while others attributed it to an unnamed third-party provider. “We are currently experiencing a service disruption affecting multiple services. We can confirm that all our customers’ money and data are…

Elon Musk’s pledge to give every child in America a share in SpaceX has already paid one dividend: effusive praise from President Donald Trump.”A BIG THANK YOU to our legendary friend, Elon Musk,” Trump wrote Monday, calling the proposed gift an act of “incredible generosity.”He said the shares would go to children through Trump Accounts, the investment accounts created under his administration.A BIG THANK YOU to our legendary friend, @ElonMusk, for his incredible generosity in giving SpaceX Stock to millions of American children through TRUMP ACCOUNTS! This is exactly what was envisioned when we created TRUMP ACCOUNTS — Bringing together…

Walmart on Tuesday announced a new joint membership combining its namesake chain and its subsidiary Sam’s Club, as the retailer leans further into convenience and value to win over cash-strapped shoppers.The membership, which combines Walmart+ and Sam’s Club Plus, will cost $120 per year, according to the company. That price is nearly $100 less than buying individual annual memberships to each retailer, though there is no monthly payment option for the new deal. Both stores will continue to offer standalone options.”We’re giving people a reason to expect more from their memberships,” Walmart CEO John Furner said in a statement. “For…

AI is changing how Google employees work — and how Google hires them.The company has been testing several AI-related changes to its hiring process for software engineers, according to documents reviewed by Business Insider. These changes, which Google has been rolling out in phases throughout this year, include allowing the use of AI in coding interviews and permitting interviewers to use Gemini to give candidates feedback.Many engineers are also now expected to show some degree of AI fluency as a bare minimum, the documents show.In May, Business Insider reported that Google was piloting ways to integrate AI into the interview…

Last year was a struggle for Brevan Howard Digital, the crypto-investing unit of the $34 billion asset manager.The Brevan Howard Digital Asset fund, its flagship multi-strategy offering that invests in public and private companies, as well as digital assets, lost nearly 30%. The unit’s leader since it launched in 2021, Gautam Sharma, left the firm. Assets in the business declined from $2.5 billion earlier in the year to roughly $2 billion by the end of the summer.Now, under the leadership of former Coinbase executive Chris Rayner-Cook, the digital asset group is bringing in new talent, rolling out new strategies, and…

Getting a seat at the leadership table is a challenge in itself — but speaking up confidently once you get there is a different beast.Aman Bhutani, CEO of the domain registrar and web-hosting company GoDaddy, said he received advice on navigating those moments from Uber’s current CEO Dara Khosrowshahi, who at the time led Expedia and served as president of the brand. Bhutani was then the company’s head of technology, and reported to Khosrowshahi.Khosrowshahi gave him a chance to discuss advertising in a senior-level meeting they were both attending. While Bhutani was initially excited about the opportunity, he said that…

Apple’s latest privacy crackdown left the online ad industry scrambling for answers. Now, the tech giant has finally offered some.Late on Monday, Apple published a blog post laying out its rationale for new restrictions that block technology used to identify and track consumers across websites. The changes are implemented through WebKit, the browser engine that powers Safari and other browsers on iPhones and iPads.Apple said the change was designed to target “identity resolution,” a method adtech companies use to connect separate data points about users — such as email addresses, phone numbers, IP addresses, browsing history, or information about the…