Author: Editor

The higher price tag for coveted H-1B visas might drive up employers’ costs, but not necessarily their appetite for US workers.That’s one possible result of the Trump administration’s recent decision to raise the cost of these special visas, meant for skilled workers that employers can’t find in the US, to $100,000, researchers who study the issue told Business Insider.Faced with higher costs to bring in foreign workers, some US firms could look overseas for remote workers before they turn to domestic ones. That wouldn’t be great news for the US job market.On top of that, if the overall US economy…

For supermarkets, less is increasingly more.Chains such as Aldi and Grocery Outlet, which have fine-tuned selling food in small-format stores, plan to open hundreds more locations in the US over the next few years. Other companies, such as Amazon’s Whole Foods, are also getting in on the action with their own compact supermarkets.Many of these new stores are half the size of a traditional supermarket. Albertsons says most of its stores take up more than 50,000 square feet, for example. Meanwhile, Aldi lists size requirements of about 22,000 square feet for new stores, and Grocery Outlet says its locations are between 15,000…

Tay Ladd watched “The Gilded Age,” so she gets the old money vs. new money divide.The debate might be as old as New York. The TV show’s characters covet storied old townhouses, while contemporary buildings are considered gauche.Ladd knows what side she’s on. She prefers a newer “luxury” apartment building filled with communal amenities, like fitness classes or spas, that classic pre-war apartment buildings almost never have.And at least in New York City, the economics have flipped as well. Newly built housing is seeing slower rent growth than the pre-war apartments that have long dominated the city’s rental inventory.”It makes…

New York financier Howard Rubin was arraigned on Friday afternoon and held without bail on charges of sex trafficking.In a 10-count indictment, the Department of Justice has accused Rubin and his personal assistant, Jennifer Powers, of transporting women to a “sex dungeon” in a New York penthouse to engage in various commercial sex acts with Rubin.Rubin pleaded not guilty to the charges. A lawyer for Rubin did not immediately respond to requests for comment from Business Insider.John Marzulli, a spokesperson for the prosecution, told Business Insider that Magistrate Judge Kuo rejected Rubin’s bail application — release on a $25 million…

The stand-off between Disney’s ABC and local TV station owners Sinclair and Nexstar about Jimmy Kimmel is over.”Jimmy Kimmel Live!” will return to ABC affiliate stations controlled by Sinclair on Friday night after a nine-day pause, the company said on Friday afternoon.”Our objective throughout this process has been to ensure that programming remains accurate and engaging for the widest possible audience,” Sinclair said. “We take seriously our responsibility as local broadcasters to provide programming that serves the interests of our communities, while also honoring our obligations to air national network programming.”Nexstar also agreed to bring back Kimmel, according to a…

2025-09-26T20:44:15Z 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. TikTok is expected to sell its US assets to a consortium of investors, companies, and wealthy individuals. Trump listed Oracle’s Larry Ellison, Rupert Murdoch, and Michael Dell as involved in the deal. ByteDance, TikTok’s global parent, is expected to maintain a minority stake in the US business. Who’s grabbing…

The staff of the Federal Accounting Standards Advisory Board has issued new guidance on the accounting and reporting rules for federal land.Technical Bulletin 2025-1, Technical Clarifications: SFFAS 59, Accounting and Reporting of Government Land, clarifies the existing guidance in Statement of Federal Financial Accounting Standards 59, Accounting and Reporting of Government Land.TB 2025-1 specifically clarifies the SFFAS 59 requirements regarding the (1) categorization of general property, plant and equipment land and stewardship land, (2) preparer flexibility concerning the accounting and reporting of non-outer continental shelf submerged land as well as ownership and related acquisition assertions, and (3) expensing of G-PP&E…

TikTok is getting closer to spinning off its US business, and employees have questions about what that actually means for their jobs.On Thursday, President Donald Trump signed an executive order blessing the sale of TikTok US to an investor group. Two TikTok employees said they’d seen a link to the executive order posted internally, but as of Friday afternoon, no company-wide memos had followed.The situation has left some employees wondering who their ultimate boss would be if the deal goes forward and what would happen to their stock options in ByteDance, TikTok’s current parent company. Some ask: Could there be…

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines told staff Friday that it’s suspending about 40 routes, finalizing a 25% cut to its November schedule as it scrambles to slash costs in bankruptcy and focus on profitable flights.”While the news has been tough, we believe the clarity will help us move forward as a team,” Rana Ghosh, Spirit’s chief commercial officer, said in a note to employees, which was seen by CNBC.Earlier this week Spirit said it plans to furlough about…

2025-09-26T19:41:28Z 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. Some spectators ditched their typical Friday workwear for flamboyant outfits at the Ryder Cup. Business Insider spotted many American flag overalls and suits among the swarms of golf polos. Trump showed up in white golf shoes and a suit without a tie. The Ryder Cup: immaculate greens, $28 cocktails,…