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Michael Bloomberg may be worth more than $100 billion, but he doesn’t think that salary is everything when it comes to early jobs.”People make the mistake of going to work for a place where they get paid the most. Particularly when you’re young, that’s not what life is about,” Bloomberg said in an interview with Nicolai Tangen, the CEO of Norges Bank Investment Management, that aired on January 7.Job-seekers in their mid-twenties, fresh out of school, need to focus on accumulating a range of experiences and building friendships, he said.”All of these young people are just looking at the wrong…

This as-told-to essay is based on a conversation with Nandita Giri, a 32-year-old software engineer at Microsoft in Redmond, Washington. It has been edited for length and clarity.My journey began with problem-solving and math long before I knew I’d end up in Big Tech.I studied at the National Institute of Technology, Kurukshetra, in India. Amazon, Microsoft, and Google often scout talent from this school.Amazon hired me straight out of college, and I moved to Seattle in 2018. To get the job, there was a logical analysis test, and only a handful of us passed. Then came multiple interviews based on…

The U.S. housing market has yet to pick up steam into 2026, but real estate agents say there’s been a real shift toward a more balanced market, according to the quarterly CNBC Housing Market Survey.Mortgage rates didn’t move much at all in the last quarter of 2025, but home prices are steadily easing. The average rate on the popular 30-year fixed mortgage dropped sharply in the third quarter but then stabilized between 6.2% and 6.4% during the fourth quarter, leaving some buyers on the sidelines with no incentive to jump in.Now, there are early signs of what could be more…

Members of the Congressional Black Caucus speak outside the U.S. Capitol in October after the Supreme Court heard arguments about the Voting Rights Act. Matt Brown/AP hide caption toggle caption Matt Brown/AP The United States could be headed toward the largest-ever decline in representation by Black members of Congress, depending on how the Supreme Court rules in a closely watched redistricting case about the Voting Rights Act. For decades, the landmark law that came out of the Civil Rights Movement has protected the collective voting power of racial minorities when political maps are redrawn. Its provisions have also boosted the…

Jim Farley, president and chief executive officer of Ford, speaks at the Ford Motor Co.’s Kentucky Truck Plant to launch the 2025 Ford Expedition, in Louisville, Kentucky, April 30, 2025.Carolyn Kaster | APFord Motor plans to introduce eyes-off driving technology on an upcoming $30,000 all-electric vehicle in 2028, the Detroit automaker announced Wednesday.The target brings Ford into a race against competitors such as Tesla, General Motors and Rivian Automotive to develop and broadly launch such systems, which Wall Street views as a potential growth market to fully autonomous vehicles. Ford’s plan is similar to those of other automakers, but the…

The American Institute of CPAs wants the Internal Revenue Service to develop an automated procedure to expedite extension requests for taxpayers who need to replace property destroyed by federally declared disasters.Processing ContentIn a letter Monday to Amalia Colbert, commissioner of the IRS’s Small Business/Self-Employed Division, AICPA Tax Executive Committee chair Cheri Freeh suggested the IRS should develop an automated way to process extension requests for taxpayers affected by disasters to replace involuntarily converted property under Section 1033 of the Tax Code. The recommended process could reduce the IRS’s need to allocate resources to handle these types of requests and give…

2026-01-07T21:42:32.117Z 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. The Palisades and Eaton fires began in Southern California on January 7, 2025. They destroyed over 16,000 structures and burned 38,000 acres. One year later, photos show the remaining devastation as rebuilding work continues. In January 2025, the Palisades and Eaton fires burned 38,000 acres across Southern California.Over 16,000…

Warner Bros. Discovery’s board raised its hackles on Wednesday while rejecting Paramount Skydance’s bid for the eighth time in favor of Netflix’s offer.WBD used pointed language, calling Paramount’s bid the “largest leveraged buyout in history by a wide margin” and tying its potential failure to previous big LBOs that didn’t close on the initially agreed-upon terms.In its new filing, WBD also described Paramount’s financial condition as “not strong,” noting that its credit was already rated “junk” by S&P before the “extraordinary amount of debt financing” required by the deal. Paramount, for its part, has emphasized that $40.4 billion in equity…

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California.Noah Berger | AFP | Getty ImagesJPMorgan Chase has reached a deal to take over the Apple credit card from its original issuer, Goldman Sachs, according to a person with knowledge of the transaction.The arrangement, to be announced soon after a year of negotiations between the parties, means that a giant in credit cards and retail banking overall will grow even larger. JPMorgan will take over roughly $20 billion in card loans from Goldman, which began to pivot away from…

Nick Reiner arrives at the premiere of Spinal Tap II: The End Continues on Tuesday, Sept. 9, 2025, in Los Angeles. Richard Shotwell/Invision/AP hide caption toggle caption Richard Shotwell/Invision/AP LOS ANGELES – Alan Jackson, the high-power attorney representing Nick Reiner in the stabbing death of his parents, producer-actor-director Rob Reiner and photographer Michele Singer Reiner, withdrew from the case Wednesday. Reiner will now be represented by public defender Kimberly Greene. Wearing a brown jumpsuit, Reiner, 32, didn’t enter a plea during the brief hearing. A judge has rescheduled his arraignment for Feb. 23. Following the hearing, defense attorney Alan Jackson…