Author: Editor

How do you make sure you can afford the student debt you’re taking on?It’s a complicated question that President Donald Trump’s Education Department spent a week hashing out. On Friday, the department concluded negotiations and reached consensus on its proposal to strengthen accountability in student-loan borrowing, including revising the gainful employment rule.”This is a game changer,” Nicholas Kent, the department’s undersecretary, said in his closing remarks. “We are building a future where higher education works for everyone, where students are empowered to succeed, where taxpayers can trust that their investments will be used wisely, and where institutions are held accountable…

Welcome to Wall Street’s AI era.Banks, private equity firms, hedge funds, and asset managers have been eager to use generative AI to boost productivity and reduce grunt work for workers.Business Insider has been reporting on how some of finance’s biggest players are approaching artificial intelligence, from its potential impact on jobs and the creation of new ones, to the various ways firms are cutting costs and ramping up efficiencies.But first — if you work at a Wall Street firm and are using AI, we want to hear from you. How is AI really showing up in your day-to-day? Is it living…

President Donald Trump put big investors who own single-family rental homes in the spotlight this week by announcing he wants to ban “large institutional investors” from buying more of this type of housing.Overall, major investors own only about 2 to 3% of the country’s single-family rental housing stock, researchers have found. But they control a much larger share of the single-family rental industry in certain markets, particularly in the Sun Belt. Cities like Atlanta, Dallas, Phoenix, Houston, Charlotte, and Tampa have especially high concentrations of mega landlords.A 2023 report by The Hamilton Project, which is part of the Brookings Institution,…

Gucci bags and Hoka running shoes are increasingly appearing in an unlikely place: Ross Dress for Less stores.On TikTok, users have posted videos of sunglasses and watches from luxury brands for sale at Ross stores. One post from late 2025 shows a shopper buying a pair of Gucci sunglasses for just under $200.Jefferies analysts led by Corey Tarlowe wrote in a December 30 research note that high-end goods from brands including Gucci and Valentino were for sale at Ross stores that they visited.At a Ross store in Wisconsin, Business Insider found men’s Hoka athletic shoes for $89.99 — about $20…

Warren Buffett is a world-renowned investor and business icon, famous for everything from his folksy wisdom and vast fortune to his frugal habits and love of junk food.Greg Abel, who took over as Berkshire Hathaway’s CEO on January 1, has virtually zero public profile by contrast. Whereas Buffett has partied with Jay-Z, stumped for Hillary Clinton, and appeared on “The Office,” few people outside the financial world have even heard of Abel.Buffett’s successor has reserved his commentary in recent years for Berkshire’s annual shareholder meetings. Business Insider reviewed those Q&A sessions to gain a better sense of who Abel is…

President Donald Trump has taken another shot at big business, targeting banks this time.On Friday, Trump said on Truth Social that he would call for a 10% cap on credit card interest for one year.”Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration,” Trump wrote.”Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%,”…

Greenland has no shortage of valuable minerals. What it lacks is almost everything else needed to extract them.Greenland is one of the most logistically hostile environments on the planet — a place with no roads between towns, limited labor, and weather that can shut down operations without warning.Still, world leaders and investors across the globe have their eyes on the island for its natural resources, including copper, zinc, graphite, gold, and rare earth elements that can be used in everything from construction and manufacturing to electronics and defense systems.As the US, Europe, and other countries look to diversify supply chains…

President Donald Trump offered an early look at the closely held December jobs data.Trump posted on Truth Social at 8:20 pm ET on Thursday a chart that included unreleased figures. Prior to Friday’s report, the totals for private and public sector jobs would not have been the same as the ones included in the chart.The White House said the chart’s publication was “an inadvertent public disclosure.” A White House official said they would review protocols for economic data.”Following the regular procedure of presidents being prebriefed on economic data releases, there was an inadvertent public disclosure of aggregate data that was…

Sean “Diddy” Combs’ luxe private jet is off the market after reportedly raking in millions through charters while the disgraced music mogul sits in prison.Silver Air Private Jets, a private aviation company that previously managed charters for the plane, confirmed to Business Insider in January that Combs sold the Gulfstream G550 in October 2025.It’s unclear what the plane sold for. Online listings show pre-owned G550s built that year typically sell for between $20 million and $30 million, depending on factors such as total hours and maintenance status.Registration data shows the matte-black jet now bears the new tail number T7-OKS. The…

Paramount Skydance’s return-to-office push is underway, and CEO David Ellison is taking a moment to thank staffers for showing up.Starting Monday, Paramount employees assigned to the company’s New York and Los Angeles offices were expected to return to the office five days a week, as announced by Ellison in September. (Some workers, including those who aren’t assigned to an office, are in “Phase 2” of the RTO rollout, with more details coming later this year.)Staffers who couldn’t, or wouldn’t, make the change were offered a severance package, which the company said about 600 workers took.”I know that returning to the office…