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2026-01-22T07:39:42.877Z 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. Elon Musk will be at Davos. Musk is now on the books for a 4:30 p.m. session on Thursday. He’ll be speaking alongside BlackRock CEO Larry Fink. Davos, things just got exciting: Elon Musk will be in town.Musk wasn’t expected to attend the World Economic Forum. But a day…

Lululemon’s founder said the athleisure company’s recall of its sheer “Get Low” leggings was a “new low” for the brand.Chip Wilson, Lululemon’s founder and former CEO, said in a Wednesday LinkedIn post that the pullback of the leggings was a “total operational failure,” and the fault of the company’s board.”I’ve believed that Lululemon has lost its cool for some time, but it is now evident to me that the Company has completely lost its way as a leader in technical apparel,” Wilson said on LinkedIn.He slammed the board, calling them inexperienced and shortsighted.”It is clear that persistent failures like this…

In the consulting industry’s era of AI upheaval, even job titles aren’t safe.The Big Four firm Deloitte is rolling out a sweeping overhaul of how it refers to its US workforce and introducing a new class of leader.”All professionals will receive a new title that we will start to use internally and externally on June 1, 2026,” said a presentation shared with employees during a meeting on Wednesday morning, which Business Insider has seen.Deloitte plans to tell employees their new job titles on January 29, before they take effect at the start of the firm’s next financial year in June.The…

Bloomberg via Getty Images The Treasury and the Internal Revenue Service have issued guidance for certain retirement plan administrators, updating safe harbor explanations to reflect tax law changes made after Aug. 6, 2020.Processing ContentNotice 2026-13 provides safe harbor explanations that may be used by plan administrators when they provide written explanations to retirement plan participants about eligible rollover distributions, satisfying their requirements under Sec. 402(f).The first safe harbor explanation applies to non-Roth accounts, and the second applies to Roth accounts. The notice also addresses, among other things, changes to the 10% additional tax on early withdrawals, required minimum distribution rules for surviving…

California Gov. Gavin Newsom accused the Trump administration of pressuring the official US pavilion at the World Economic Forum to block his entry to a scheduled speaking event, according to posts from his office.Newsom had been invited by Fortune, the event’s official media partner, to speak to the press at the US pavilion on Wednesday afternoon, in addition to planned remarks at the World Economic Forum scheduled for Thursday. The Governor’s Thursday appearance is still on the Economic Forum’s schedule.However, his public remarks planned for Wednesday were abruptly canceled when he was not permitted to enter the USA House, the…

AICPA president and CEO Mark Koziel told a group of accountants about challenges to the CPA credential by the federal government, states, companies and even accounting firms.Processing ContentDuring a speech Wednesday in New York at a meeting of the Accountants Club of America, Koziel spoke about a proposal last year from the U.S. Department of Education to exclude accounting from the definition of “professional degree” programs, potentially reducing the amount of student loan aid available to graduate students. The AICPA, the National Association of State Boards of Accountancy, state CPA societies, the American Accounting Association and other accounting organizations are…

President Donald Trump is calling off his threat to impose tariffs on an array of European countries over Greenland.He made the announcement via a Truth Social post shortly after meeting with NATO Secretary General Mark Rutte at the World Economic Forum on Wednesday in Davos, Switzerland.Trump said that he and Rutte formed a “framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region.””Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st,” Trump wrote.Trump also said more information about the deal was forthcoming, and that Vice President…

Video platform Vimeo is trimming its global staff this week, its owner, Bending Spoons, confirmed to Business Insider.The job cuts arrived a few months after the European tech company bought Vimeo for around $1.38 billion in November.A spokesperson for Bending Spoons declined to confirm the scale of this week’s layoffs.It’s Vimeo’s second round of layoffs since September, when the company cut 10% of its full-time workforce in an “effort to ensure focus and efficiency,” the company wrote in an SEC filing at the time.Milan-based Bending Spoons owns a collection of software companies, including Evernote, Meetup, and WeTransfer. The company has…

President Donald Trump knows he’s aligning himself with the progressive left when it comes to credit cards.During an interview with CNBC’s Joe Kernen in Davos on Wednesday, Trump acknowledged that his call for a 10% cap on credit card interest rates isn’t a standard conservative policy.In fact, he joked that it’s something that New York City Mayor Zohran Mamdani, a Democratic socialist, might have come up with.”I know it’s sort of like… it sounds like the mayor of New York maybe came up with that,” Trump said with a laugh.Following Mamdani’s election in November, the two met in the Oval…

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the 2025 IIF annual membership meeting in Washington, Oct. 16, 2025.Samuel Corum | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Wednesday that he disagreed with President Donald Trump’s approach to immigration, offering a rare public rebuke by a U.S. corporate leader of one of Trump’s signature policies. Dimon, speaking on a panel at the World Economic Forum in Davos, Switzerland, initially praised Trump’s moves to secure the borders of the world’s largest economy. Illegal crossings at the U.S.-Mexico border fell to the lowest level in 50 years…