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There’s sticker shock, and then there’s whatever is happening with America’s used-car market. Prices for a slightly-less-than-new-car have been soaring over the past few years. Before the pandemic, the average price for a 3-year-old vehicle topped out at a little over $22,000. In 2025, the cost is upward of $31,000. And according to Edmunds, which tracks the car market, that number may soon sound like a bargain.”I mean, it’s kind of mind-boggling for anybody who had the pleasure or context of having bought pre-2020, right?” says Ivan Drury, the director of insights at Edmunds.You may remember the used-car apocalypse nestled…

Between raising kids and creating hit TV shows, Shonda Rhimes says she’s found comfort in accepting that something will always have to give.During an appearance on Wednesday’s episode of “Call Her Daddy,” hosted by Alex Cooper, Rhimes spoke about the realities of balancing motherhood and her career.”I think the relief was realizing that you can only do so much at once,” Rhimes told Cooper. “I mean, I think that the struggle and the way we’re told like, lean in or you can have it all or all these things — it’s such bullshit.”Rhimes said that working mothers are often “conditioned”…

An early Pop Mart investor said Chinese companies that want to succeed internationally must target the US early on.David He, a founding partner of Black Ant Capital, a Chinese venture capital company that invests in the consumer sector, spoke with CNBC on the sidelines of the Milken Asia Summit in Singapore.”For brands in the mid- to high-end segment, especially those looking to expand overseas, they need to set their sights on the US market early on and go all in,” he said to CNBC.”The US remains the most important market with the greatest spending power and cultural influence,” he added.Pop…

Jimmy Kimmel praised Disney execs, reflecting on the recent suspension of “Jimmy Kimmel Live!” and had especially kind words for potential Bob Iger successor Dana Walden.”I don’t think the result would have been as positive if I hadn’t talked to Dana as much as I did,” he said of Disney’s entertainment co-chairman. “It helped me think everything through and where everyone was coming from.”The long-running late-night host spoke during the Bloomberg Screentime media conference on Wednesday.Comments about Walden have particular significance these days, as she’s widely considered to be a strong contender to succeed Disney CEO Bob Iger when he…

Dan Springer, the former CEO of electronic signature company DocuSign, told Business Insider that there are two things people can do to lower their risks of being laid off — one big-picture and one smaller.”The macro piece is, you need to invest in your capabilities, and as new technologies come along, you have to embrace them,” Springer said.Springer referenced the rise of Apple’s iPhone, which launched in 2007 and displaced incumbent players like Blackberry.”When the iPhone came out and mobility became part of business, there were some people who said, ‘I’m just staying with my Blackberry. I’m using it for…

A view of the U.S. Supreme Court on October 4, 2025. Mehmet Eser/AFP via Getty Images hide caption toggle caption Mehmet Eser/AFP via Getty Images At the Supreme Court on Wednesday, conservative and liberal justices alike appeared to have little use for either side in a case that tests Illinois voting regulations. The often fractious justices teamed up to have a bit of fun at the expense of two seasoned advocates. At issue was a suit by Rep. Michael Bost, R-Ill., challenging the constitutionality of an Illinois regulation that allows ballots mailed in by Election Day to be counted for up…

Stefani Reynolds/Photographer: Stefani Reynolds/B The Internal Revenue Service will furlough just under half of its staff and pause most of the agency’s taxpayer services as gridlock in Congress pushes the government shutdown into its second week.The plan released Wednesday, which calls for about 34,000 workers to be furloughed, represents a sharp departure from the first week of the shutdown. That outline allowed the agency’s 74,299 employees to continue working with pay by using leftover funding from the Biden administration.The agency’s original shutdown contingency plan only stretched through Tuesday.In a letter to staff Wednesday, the agency said furloughed workers would be…

2025-10-08T21:31:18Z 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. A top Goldman Sachs exec wrote a series of critical articles about Trump and Spain’s prime minister. Bloomberg said Goldman found out about the posts after it brought them to the bank’s attention. The banker, who heads Spain and Portugal, is stepping down, an internal memo said. A top…

My parents and grandmother attended my graduation after driving five and a half hours from my hometown to the city where I studied.It was a big deal — not so much for a 320-mile journey, which was considered a long way in my native UK — but because I was the first member of our family to get a degree.I’ll always remember their proud, smiling faces when I walked onto the stage in my cap and gown and received my certificate from the chancellor.We posed for photographs on the lawn and enjoyed casual drinks with my professors.I instantly started missing…

Why aren’t some Gen Zers looking for work? It’s a growing mystery of the American economy.In recent decades, the share of 22- to 27-year-olds without a college degree who are working or seeking employment has dropped, per a Goldman Sachs analysis of US government data, published in July. That group saw a steeper decline in labor force participation than their counterparts with college degrees.While some of them aren’t seeking employment because they’re still enrolled in school, there are other more troubling factors in the equation.Over the past 30 years, the share who say they’re “unable to work” for reasons other…