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2026-01-07T20:13:47.868Z 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. As a longtime Costco employee, I always look forward to scanning the shelves for new items. This month, the warehouse has lots of great products, from elegant furniture to tasty treats. The Touchland hand sanitizers, Canon Rebel T7 camera, and Tutti Bella pizzas all caught my eye. A new…

New Year’s Eve is behind us, but if you hear the sound of bottles popping — it might be coming from the halls of Morgan Stanley’s headquarters.The Wall Street bank on Wednesday announced the appointment of 184 new managing directors — a roughly 6% increase from last year’s class of 173 MDs. At Morgan Stanley, managing director is the firm’s highest designation. The announcement comes amid the annual promotion season on Wall Street and follows Goldman Sachs’ November elevation of more than 600 managing directors, part of a biennial process at the rival firm.The size of each of Morgan Stanley’s…

David Ellison’s latest attempt to acquire Warner Bros. Discovery was rebuffed on Wednesday, but it hasn’t been all bad news for the Paramount Skydance CEO.Paramount’s argument that its offer is superior to Netflix’s received an unexpected boost this week from the poor stock performance of Versant, the spinoff of Comcast’s cable TV assets, including CNBC and MS NOW (formerly MSNBC).On Wednesday, WBD rejected Paramount’s eighth bid, telling shareholders and employees that Netflix’s offer to buy its studio and streaming business for $27.75 per share in cash and stock is a better deal than Paramount’s all-cash, $30-per-share offer for all of WBD,…

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from the Los Angeles-area Hollywood Burbank Airport, April 28, 2021.Patrick T. Fallon | AFP | Getty ImagesAvelo Airlines will stop flying deportation flights for the U.S. government and will also cut commercial routes and reduce headcount, its chief executive told staff.The airline, which debuted in 2021 with a focus on connecting smaller cities, last year exited a host of destinations on the West Coast and also turned to flying deportees for U.S. Immigration and Customs Enforcement, which sparked protests and backlash from some politicians.”We moved a portion of our…

Wix is asking employees in three countries to come back to the office. US workers will remain hybrid, though, Business Insider has confirmed.Nir Zohar, president of the Israeli website management company, told employees in an email Wednesday that “Wix is moving to a full office work week” and impacted workers must come back to the office five days a week starting February 1.The return-to-office mandate applies to workers in Tel Aviv and Beersheba, Israel; Kraków, Poland; and Vilnius, Lithuania. Ukrainian employees will continue working remotely “from wherever is safest,” Zohar wrote in the email, which he posted to X and…

Secretary of Health and Human Services Robert F. Kennedy Jr. speaks during the daily briefing in the Brady Briefing Room of the White House in Washington, DC, on Jan. 7, 2026. Mandel Ngan | AFP | Getty ImagesHealth and Human Services Secretary Robert F. Kennedy Jr. and Agriculture Secretary Brooke Rollins on Wednesday shared new U.S. nutrition guidelines, advising Americans to eat more “real food” and reduce their intake of highly processed foods and added sugars.The government’s new food pyramid replaces the MyPlate diagram released under President Barack Obama, and emphasizes protein, full-fat dairy and vegetables. The most significant changes…

2026-01-07T16:44:25.054Z 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. Venezuela, home to the world’s largest oil reserves, was once among the world’s richest nations. Years of economic collapse drove one of the largest mass migrations in recent history. Now, the US has signaled that American oil firms could help revive Venezuela’s oil production. Half a century ago, Venezuela…

After growing up in North Carolina, I moved to St. Petersburg, Florida, at the age of 18 for college. That’s where I fell in love with my now-fiancée — and the surrounding Pinellas County.We both adored Florida’s beaches, took regular weekend trips to Key West and Manasota Key, and thoroughly enjoyed life in the Tampa Bay area.At times, I thought we might just stay there forever — but after graduation, the world felt wide open. So, we started “shopping around” the country for a new place to call home.We tested Oregon, then returned to Florida — but neither was a…

Nvidia Corp. Chief Executive Officer Jensen Huang, the world’s ninth-richest person and head of the most valuable company, said he isn’t concerned about a billionaires tax under consideration in his home state of California.Processing Content”I’ve got to tell you, I have not even thought about it once,” Huang said Tuesday when asked about the proposed tax on Bloomberg Television. “We chose to live in Silicon Valley, and whatever taxes I guess they would like to apply, so be it. I’m perfectly fine with it.”Under a proposed ballot initiative in the state, billionaires would face a one-time 5% levy to cover…

Warner Bros. Discovery just rejected David Ellison’s takeover offer for the eighth time — and its CEO is telling employees why.WBD CEO David Zaslav sent a companywide memo on Wednesday morning, which was viewed by Business Insider, explaining why WBD is sticking with its Netflix deal.Zaslav told staffers that WBD’s board of directors did a “thorough review” of Paramount’s latest offer and said they believe Netflix’s offer is still superior.”This review was conducted with discipline and rigor, and was supported by independent financial and legal advisors,” Zaslav told employees.In a letter to shareholders on Wednesday, WBD’s board outlined two key…