Author: Editor

Goldman Sachs is planning to start trimming staff next month, reflecting a shifting strategy this spring toward several rounds of cuts, rather than a single, larger-scale effort to oust underperformers all at once, multiple people familiar with the situation told Business Insider. Loading audio narration… The Wall Street bank has long been known for its annual head count reduction rituals that play out in the spring and fall, and have historically axed up to several thousand positions at once by trimming the bottom 5% of its worldwide workforce.But this year, Goldman is skipping its usual spring “Strategic Resource Assessment,” or…

Speaking under oath before members of Congress on Thursday, Jeffrey Epstein’s personal lawyer attempted to explain some of the now-dead financier’s large cash withdrawals.In his prepared remarks, Darren Indyke told members of the House Oversight Committee that Epstein required large amounts of cash to run his many households, from New York to the US Virgin Islands.”He and his staff required cash to pay for a wide variety of expenses including maintenance, repairs and daily household needs for his residential properties in New York, Florida, New Mexico, Paris and the USVI, as well as meals, gifts, gratuities and fuel for his…

CBS News is planning to shed dozens of staffers as top editor Bari Weiss reshapes the storied broadcast network, Business Insider has learned.The network plans to announce the layoffs imminently, a source with direct knowledge told Business Insider.Weiss foreshadowed these cuts some weeks ago, telling CBS News employees at a late-January all-hands meeting that a “tsunami of technological change” could force staffing changes at the network.”I can’t stand up here and tell you that in a moment of incredible transformation that that’s not going to mean transformation of our workforce,” Weiss told staffers at the town hall.When asked about specific…

Steve Hanke says Iran is pulling from Muhammad Ali’s playbook — and could deal a “knockout blow” to the US.”With its control of the Strait of Hormuz, that’s what Iran is capable of doing, and probably will do,” the professor of applied economics at Johns Hopkins told Business Insider by email on Thursday.Hanke recalled a legendary boxing match dubbed the “Rumble in the Jungle” between Ali and George Foreman in 1974. Foreman was the undefeated heavyweight champion, making Ali a major underdog.However, Ali braced himself against the ropes and absorbed blow after blow until Foreman was exhausted, at which point…

The logo of pharmaceutical company Novo Nordisk is displayed in front of its offices in Bagsvaerd, Copenhagen, Denmark, Feb. 4, 2026.Tom Little | ReutersThe Food and Drug Administration on Thursday approved a higher-dose version of Novo Nordisk’s blockbuster weight loss injection Wegovy, as the company pushes to win back market share from chief rival Eli Lilly. Novo expects to launch the higher, 7.2-milligram dose of Wegovy in April. The Danish drugmaker is positioning that version to better compete with Lilly’s obesity drug Zepbound, which has proven to be more effective at promoting weight loss than the standard, 2.4-milligram dose of…

Brace yourself for raunchy mini dramas in your TikTok feed.TikTok has begun a limited test of a new mini-drama feed in its app, dubbed “TikTok Short Drama,” a company spokesperson confirmed to Business Insider.The feature looks a lot like TikTok’s separate mini-drama app, PineDrama, but appears in the main app instead. It’s currently available to a small group of users over 18 in the US and a handful of other regions, the spokesperson said.Many of the popular videos on TikTok’s short drama feed, which are made by partners, appear on PineDrama, too. TikTok vets the content that shows up in…

When I went to meet the department chair as a freshly hired adjunct last April, the front-desk staff said, “A student is here to see you.”I froze and wondered whether I should correct him.I’ve always looked younger than my age, and people often assume I’m a student. When I became an adjunct professor at age 30, I realized I had a choice: try to look older, or embrace it.If you look young in a professional setting, people don’t always say it outright — but you can feel it in the assumptions.I’ve been waved toward the student check-in line while judging…

Americans are feeling the effects of the ongoing war in Iran at the gas pump.Since the conflict started at the end of February, gas prices have been rising across the US, with a gallon of gas surpassing $3 in all 50 states for the first time since 2023.The war, which has been ongoing after the US and Israel launched a joint military operation against Iran on February 28, has sent global oil markets soaring.The war has significantly disrupted passage through the Strait of Hormuz, a critical shipping artery through which roughly 20% of global oil and liquefied natural gas travel…

The CEO meme wars have arrived at Costco’s food court.The wholesale club posted a clip on Instagram Wednesday showing CEO Ron Vachris ordering and chowing down on one of the company’s legendary $1.50 hot dog and soda combos.”Amazing quality, amazing value,” he said. “That’s $1.50 well spent.”The video is the latest in a series of riffs this month roasting the bite heard ’round the world from McDonald’s CEO Chris Kempczinski’s timid taste test of the new Big Arch burger.Since then, competitors, including Burger King and Wendy’s, have stepped up to the plate to demonstrate the proper degree of enthusiasm for…

Blaine, Minnesota. New homes starting at a half million dollars in Lexington Waters are high efficiency homes and are HOA Maintained. Michael Siluk | UCG | Universal Images Group | Getty ImagesSales of newly built homes in January dropped 17.6% month over month to a seasonally adjusted, annualized pace of 587,000 units, according to the U.S. Census Bureau. That is the slowest pace since 2022. Housing analysts had been expecting a much smaller decline. Sales were also 11.3% lower than in January 2025, according to the U.S. Census, which is still delayed in its reporting due to last year’s government shutdown.…