Author: Editor

For Gen Z, the party has moved out of the nightclub and into picnics in the park and house parties — and they are drinking less.An August Gallup survey found that the number of 18 to 34-year-olds in the US — which includes young millennials — who reported that they drink alcohol dropped by 9% from 2023 to 2025.And Americans age 25 to 34 spent about 11% less on alcohol in 2023 than the same age group did in 2003, when adjusted for inflation, per Federal Reserve Economic Data.But a top executive at Suntory, the Japanese beverage company that owns…

Reddit has poached a high-profile figure from Madison Avenue as it looks to build deeper relationships with advertising agencies.Business Insider has learned that Sharb Farjami is set to join Reddit in a role responsible for building partnerships with the largest agency holding companies, like Publicis, Omnicom, and WPP.WPP announced internally on Wednesday that Farjami was stepping down from his position as CEO of WPP Media North America to pursue a position outside of a media agency.Reddit and Farjami declined to comment.The role is expected to fill the vacancy left by Alex Underwood, formerly Reddit’s head of global agency development, who…

About nine years ago, my wife and I wanted to move to Germany to experience life on another continent. To do so, I took a corporate job that would sponsor my visa.Ultimately, my desire to live in Europe outweighed my distaste for corporate life, which I’d had some experience with in the United States.However, I quickly learned that many aspects of work-life balance and corporate culture in Germany are nothing like what I experienced or saw firsthand in America.Though there are exceptions and much of this is based on my own experience, I find many of my observations still ring…

The Internal Revenue Service has unveiled annual inflation adjustments for tax year 2026 for more than 60 tax provisions, including tax rate schedules and other tax changes, with Rev. Proc. 2025-32 providing all the details.These adjustments generally apply to tax returns filed in 2027. For Tax Year 2026, the standard deduction increases to $32,200 for married filing jointly. For single taxpayers and married filing singly, the standard deduction rises to $16,100 and for heads of household it will be $24,150.Additionally, for tax year 2025, the One Big Beautiful Bill Act raises the standard deduction to $31,500 for married couples filing jointly. For…

New York Attorney General Letitia James speaks during a press conference on January 8, 2025 in New York City. Michael M. Santiago/Getty Images hide caption toggle caption Michael M. Santiago/Getty Images A federal grand jury in Virginia has indicted New York Attorney General Letitia James on one count of bank fraud and one count of making false statement to a financial institution — charges that come after steady pressure from President Trump to prosecute one of his longtime political foes. James, a Democrat who pledged to investigate Trump during her campaign, eventually sued Trump and his company for inflating the…

Levi Strauss’s profits are growing more than Wall Street expected despite higher costs from tariffs, thanks to targeted price increases and a shift away from wholesalers, the company said Thursday as it reported fiscal third quarter results. During the quarter, Levi’s gross margin grew 1.1 percentage points to 61.7%, up from 60.6% in the year-ago period and better than the 60.7% analysts had expected, according to StreetAccount. In an interview with CNBC, CEO Michelle Gass said the company has started to raise the price of some of its jeans and clothes and will hike more prices in the U.S. and other markets…

Two years ago, a city in Colorado set out to answer a question: Can giving residents $500 a month with no strings attached meaningfully improve their lives?For the 200 residents who participated in the program, the answer has been mixed. Although the payments eased some immediate challenges, long-term or structural issues persisted.Boulder is one of a growing list of American cities and states experimenting with a guaranteed basic income, a system in which governments provide some residents with recurring cash payments they can spend as they see fit. People who qualify for guaranteed basic income programs typically fall below the…

What does Paramount Skydance CEO David Ellison think about CBS News? It can be a bit hard to tell.Speaking on Thursday, Ellison, whose newly merged company owns CBS News, expressed two sentiments that seemed at odds with each other. He praised the network while also saying it needed to build trust.”I can’t say enough how much respect I have for CBS News,” he said during the media conference, Bloomberg Screentime, in Los Angeles. He went on to say, “I believe in the team of CBS News, and I believe we’re going to accomplish the goal of building that trusted destination…

Does David Ellison, who just bought Paramount, want to buy Warner Bros. Discovery next?Most everyone in the media business thinks so. And multiple outlets have reported that Ellison, backed by his father, Oracle founder Larry Ellison, plans to bid for WBD, whose assets include HBO, the Warner Bros. movie and TV studio, and cable channels including CNN.Onstage at a Bloomberg event on Thursday, David Ellison refused to answer questions about his plans. That’s not a surprise — a company won’t formally announce a bid until it formally announces a bid.In the meantime, there are plenty of questions surrounding the offer…

Fidelity Investments is a sponsor of “Beyond the Bell: Navigating The Path to Public.” This article was specially created for Fidelity Investments.As companies prepare for an initial public offering (IPO), they face “shifting investor expectations, new regulatory demands, and the challenge of keeping culture intact through the transformation,” said Melike Atil, a financial journalist and founder and CEO of Mel Strategies, kicking off Business Insider’s “Beyond the Bell: Navigating the Path to Public.”The event, held on September 30 and sponsored by Fidelity Investments, brought together a group of experts to discuss best practices for a successful IPO transition.Companies today are…