Author: Editor

This as-told-to essay is based on a conversation with Hans Hasselby-Andersen, 56, CEO of Danish semiconductor startup Lotus Microsystems and cofounder of Merus Audio, which was acquired by Infineon in 2018. The following has been edited for length and clarity.When I quit my job at Texas Instruments in September 2008 to start a semiconductor company, I had four children between the ages of 5 and 14.It was almost the height of the financial crisis. You had Lehman Brothers going down in flames in the US, and the whole credit market was just freezing up.So to jump out at that point…

The General Motors global headquarters in Detroit, Jan. 12, 2026.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here is what Wall Street is expecting, according to average estimates compiled by LSEG:Earnings per share: $3.63 adjusted estimatedRevenue: $48.70 billion estimatedThose results would mark relatively flat revenue compared with a year earlier and a roughly 30% increase in adjusted earnings per share. GM’s 2025 third-quarter results included $48.59 billion in revenue, net income attributable to stockholders of $1.3 billion and earnings per share of $2.80 adjusted.Investors will be watching to…

California voters next month will decide on whether to tax billionaire wealth, a proposal designed to generate billions of dollars to shore up the state’s healthcare system. But Stanford economists are now cautioning that the tax could backfire, leaving the state with less in tax revenue than before. Seven billionaires have already publicly moved out of California, removing about $540 billion, or 30%, of the state’s total billionaire wealth from potential taxation, according to Stanford University economists Benjamin Jaros and Joshua Rauh in a new working paper published by the National Bureau of Economic Research. The billionaires who have left the…

The mood among America’s homebuilders is grim. Homebuilder sentiment fell three points to 29 in October, according to the National Association of Home Builders/Wells Fargo Housing Market Index.October’s reading marks the lowest homebuilder sentiment the US has seen since June 2012, the NAHB said, when the housing market was still moving through the aftermath of the 2008 crisis. It shows just how much builders have soured on the housing landscape amid rising costs and a record-breaking slowdown in home sales.Here’s what explains the decline:The housing market is frozen. Home sales have been suppressed for years, but the yearslong housing freeze…

Saudi Arabia has postponed a gathering of Wall Street titans as instability spreads across the Middle East amid the US-Iran War.On Monday, Princess Maha Bint Mishari Al Saud announced that officials were postponing the Future Investment Initiative, which was scheduled for October 26 through the 29th until next year.”This decision comes from a deep commitment to our partners, members, speakers, and delegates,” Princess Maha said in a statement. “Because this is our landmark tenth edition, we want to ensure it delivers the full scale, extraordinary quality, and unforgettable impact that our community has come to expect and truly deserves.”The postponement…

As families flee cities across the country in search of more affordable housing and childcare, New York City is angling to keep its youngest residents.On Monday, Mayor Zohran Mamdani announced that 10,000 more seats under his signature free childcare for two-year-olds program will be covered in fall 2027. Under the expansion, all of the Bronx and Staten Island’s school districts will be eligible.”For far too many New York City families, the joy of welcoming a child comes with a terrifying set of questions: How will I afford child care? Will I need to give up my job? Will I be…

Film head Dan Lin is out at Netflix, the latest exec to be ousted in the wake of the streamer’s biggest layoff since 2022.Lin was hired as film chair in 2024 with a mandate to bring greater cost discipline and variety to Netflix’s films, which had focused on big-budget output under his predecessor, Scott Stuber. Lin cut big upfront paychecks to actors, reduced staff, and reorganized his department. He oversaw a slate that included Oscar-winning “KPop Demon Hunters,” “Happy Gilmore 2,” and “Frankenstein.”Lin’s exit is the latest big shocker at Netflix. Also out in recent days was chief content officer…

I always thought I’d be settled somewhere for good by age 55, with a comfortable home, established garden, and chest freezer in the garage.But after growing up in the San Francisco Bay Area, raising my kids in Seattle, and becoming an empty nester, I realized I had no idea where I wanted to settle down. For the first time in more than 20 years, I suddenly had the freedom to choose where I wanted to live.So at 52, I started housesitting in exchange for places to stay so I could travel without depleting my savings. I quickly realized how much…

Resale websites including Vinted have removed suspicious listings after they were flooded with apparently stolen goods in the wake of riots that swept across France.Perfumes, designer handbags, cosmetics and even Pokémon cards have appeared on second-hand marketplaces following a weekend of violence that saw shops ransacked, The Telegraph — which, like Business Insider, is part of the Axel Springer Global Reporters Network — reported.Screenshots circulating on social media show products being offered for a fraction of their retail prices, including bags overflowing with Sephora cosmetics advertised for as little as €10 (£8.40).The listings have triggered suspicions that looters are trying…

France’s growing anger over the cost of living erupted into scenes of looting and violence over the weekend.While most of the hundreds of thousands of people who demonstrated across the country did so peacefully, clashes broke out between police and some protesters, with officers firing tear gas.The unrest began as student protests over worsening school conditions, but has since grown into a broader movement fueled by frustration over the unaffordability of life in France. Read more about the protests and riots in France: The financial pressures facing French households are familiar to Americans: surging energy prices, wages struggling to keep…