Author: Editor

Los Angeles has the entertainment pedigree, but there’s another city in the US that’s home to even more top influencers per capita: Miami.Vale and Sebastian Genta understand why. The siblings and social media personalities moved back to their hometown of Miami in 2021, after spending five years in LA. The pair, who post about their glamorous lives and occasionally offer a wry take on influencing, wondered what their move would mean for their careers. They were pleasantly surprised.”Miami was a completely different city,” Vale said. “The amount of events in Miami, the amount of people that are there, brands that…

AI-generated video is here. What will happen to your TikTok feed?OpenAI’s launch of Sora 2 sent shockwaves through the social media economy. AI slop was already rampant, and now there was a more realistic form of video with even narrower tailoring. Then came the lifelike images of Google’s Nano Banana.How will creators fare in the age of AI? Lightspeed Ventures partner Michael Mignano takes a more extreme view: that it signals the “end of the creator.”On “Sourcery,” Mignano described a future of social media where content is generated instantaneously and artificially to best suit the viewer. It comes down to…

Uber is hiring people as it tries to become a “super app.” So how much is it paying them?You’re probably familiar with the millions of gig workers who drive you to the airport or deliver your food. Now, Uber is looking to expand those services — with self-driving cars, for example — as well as offer customers targeted offers.”We’re slowly moving towards a super app of sorts,” CEO Dara Khosrowshahi said.Some of the people whom Uber has hired as it tries to make that vision a reality have come from outside the US via H-1B visas.Companies are required to submit…

Trump administration officials are confidently forecasting that Americans will see the largest tax refunds next tax season thanks to the tax cuts in the One Big Beautiful Bill Act that was passed in July and the decision not to change withholding tax tables this year.Processing Content”I can see that we’re going to have a gigantic refund year in the first quarter because working Americans did not change their withholdings,” said Treasury Secretary and acting IRS commissioner Scott Bessent on the All-In Podcast last week. Depending on the number of workers, households could see $1,000 to $2,000 more in refunds, he predicted.…

Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025.David A. Grogan | CNBCDETROIT — General Motors is on pace to be the top U.S.-traded automaker stock of 2025, as shares of GM are having their best year since the Detroit company’s reemergence from bankruptcy in 2009.GM stock is up over 55% to a record of more than $80 per share, as of Friday’s close, topping the company’s previous annual increase of 48.3% last year. That includes a nearly…

Misty Knapp just wants the student-loan forgiveness she was promised.Knapp, 59, has been working in public service as a nurse since 2012 and has been enrolled in the Public Service Loan Forgiveness program since 2017, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.She said she didn’t know PSLF existed when she entered public service, but once she saw it was possible to get her six-figure balance forgiven, she was banking on the relief. She now has a projected six payments left to make.However, she’s been in payment limbo since the summer of 2024,…

Mecox Capital Partners will start trading in the new year with a small pool of capital but a big name in its investor base.The hedge fund, which will trade options and launch with $50 million in assets, counts Peter Borish as an investor, according to the firm’s founder, Richard Passer. Borish was a cofounder of Tudor Investment Corp, alongside billionaire Paul Tudor Jones, as well as a founding trustee of the Robin Hood Foundation, the New York-based charity headed by Wall Street’s elite that focuses on alleviating poverty in the city and hosts an annual investment and finance conference in…

Target is putting its style revamp on full display.The big-box chain is on a mission to rebuild its reputation for style, and its SoHo location in New York City appears to be the centerpiece of that effort. The store has been reimagined with immersive and interactive displays. The new look comes as operating chief and incoming CEO Michael Fiddelke has set his action plan to improve sales. It involves redirecting Target toward a “style and design North Star” and enhancing the shopping experience to encourage people to spend more time browsing the aisles.”To see this Target SoHo store is a…

Most viral trends have a short half-life. Labubus are destined to gather dust in closets, the “6—7” meme will become cringe the moment a critical mass of adults figures it out, and other fads from 2025 will similarly recede in favor of fresh cultural hype.One of the biggest trends in the hedge-fund world, however, appears to be doing the opposite. Its popularity is surging heading into 2026, according to industry insiders.The so-called separately managed account, or SMA, sounds stodgy and is by no means new. But this way of investing in top hedge-fund strategies and talent reached new heights in…

2025-12-29T10:31:01.272Z 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. Blackstone is acquiring Hamilton Island, a resort destination in Australia. Hamilton Island spans over 2,800 acres, with the majority of the land undeveloped. The deal is valued at $1.2 billion, according to reports. A vacation destination nestled off the coast of Australia will soon be owned by Blackstone, the…