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2025-11-23T11:05:01.250Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link 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. Tom Russo says resilience is vital, debt is dangerous, and investing is both a young and old person’s game. The veteran fund manager warned against excessive gambling and ruled out retiring anytime soon. Young investors might have more energy, but older ones can be more patient and disciplined, Russo…

For Slack cofounder Stewart Butterfield, embarrassment can be a useful and motivating tool.Butterfield led Slack, which is now owned by Salesforce, from 2009 to 2023 as CEO. In 2014, he gave an interview where he called the early product “terrible.” Employees responded by putting posters up around the office, he said on “Lenny’s Podcast” — but he stands by it.”I try to instill this into the rest of the team, but certainly I feel that what we have right now is just a giant piece of shit,” he told the MIT Technology Review in 2014. “Like, it’s just terrible, and…

Two sets of players have long ruled the consulting world.There is MBB, which is McKinsey & Company, Bain & Company, and Boston Consulting Group. And then there is the Big Four: PwC, Deloitte, KPMG, and Ernst & Young.Now, a new wave of AI-driven startups is challenging that dominance, trying to make consulting services more accessible.Many of the founders of these new firms come from the traditional consulting realm. They told Business Insider their experiences not only give them marketable skills but have also helped them identify new opportunities in the industry.They are boutique firms. They are much smaller than the…

Many American cities and counties have been experimenting with a novel concept: Giving financially vulnerable residents free money every month without expecting anything in return.The goal is to let those people decide for themselves how best to spend the extra cash, rather than requiring them to spend it on certain kinds of food or other necessities.When those programs end, many report largely positive results. Few, however, are ever made permanent.Cook County in Illinois, which includes Chicago, is now an exception.The Cook County Board of Commissioners unanimously approved its 2026 budget proposal on Thursday, and it includes $7.5 million for a…

Before I moved into my tiny house four and a half years ago, I was accustomed to living minimally as a semi-nomadic travel writer for 25 years. But building — and then moving into — my tiny house really awakened my inner minimalist.To me, minimalism isn’t really about stuff. It’s a way of living that’s calming. It’s a way to simplify and streamline my life, while also helping me save money and live more sustainably.My 193-square-foot tiny house has enabled me to do all this by designing a life that works for me.Designing for a minimalist lifestyleWhen I designed my…

U.S. President Donald Trump delivers remarks at the McDonald’s Impact Summit at the Westin Hotel in Washington, D.C., U.S., Nov. 17, 2025. Evelyn Hockstein | ReutersPresident Donald Trump on Monday said that California Gov. Gavin Newsom is “laying siege on the minimum wage.” Trump’s comments at the McDonald’s Impact Summit likely referred to California’s higher hourly pay floor for fast-food workers, which took effect a year and a half ago. However, data so far indicate the policy hasn’t been the danger Trump described. Research shows that the state’s fast-food worker turnover is down. Widespread closures haven’t occurred, and restaurant chains…

Americans are spending selectively.That’s the picture painted by this quarter’s earnings season, and it’s not surprising. Consumer sentiment is at its lowest level since 2022, job cuts are rising sharply, and tariffs are making shopping trips more expensive.Lower-income shoppers aren’t the only ones feeling the heat. Analysts say well-off consumers are also “trading down” on some purchases and switching up their shopping routines to get better deals.But shoppers aren’t just gravitating to the lowest-priced chains. While they are seeking value, it’s not just about price, Neil Saunders of GlobalData Retail told Business Insider.”The consumer does not have enough spending power…

Zohran Mamdani won a resounding mayoral victory by promising to make it cheaper to live in New York City.However, his victory earlier this month may have the unintended effect of making it even more expensive for the ultrawealthy to afford their homes in favorite ex-New Yorker haunts like Greenwich, Palm Beach, and the Hamptons, top real estate agents told Business Insider. Real estate agents in these elite zip codes say that the “Mamdani effect” is already creeping into prices or causing some to pull the trigger to buy, as locals anticipate another migration wave.2025 was already a “banner year” for…

2025-11-22T12:21:01.247Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link 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 retail sector has had a tough run this year, and business bankruptcies have been on the rise. Some companies have dissolved while others have negotiated a solution — or a buyer. Here are some of the more notable retail bankruptcy cases that took place in 2025. This year…

The State Capitol is seen in Austin, Texas, on June 1, 2021. Eric Gay/AP hide caption toggle caption Eric Gay/AP WASHINGTON — The U.S. Supreme Court on Friday temporarily blocked a lower court ruling that found Texas’ 2026 congressional redistricting plan pushed by President Trump likely discriminates on the basis of race. The order signed by Justice Samuel Alito will remain in place at least for the next few days while the court considers whether to allow the new map favorable to Republicans to be used in the midterm elections. The court’s conservative majority has blocked similar lower court rulings…