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U.S. President Donald Trump signs an executive order in the Oval Office at the White House on September 19, 2025 in Washington, DC. Trump signed two executive orders, establishing the “Trump Gold Card” and introducing a $100,000 fee for H-1B visas.Andrew Harnik | Getty Images News | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.By slashing the price of the Gold Card from $5 million to $1 million, President Donald Trump has created one of the most…
With their low cost and small footprint, tiny homes and accessory dwelling units have become popular alternatives to traditional homes and apartments — especially for first-time buyers and downsizers.For Aislyn and Ali Benjamin, an ADU, a small secondary home on an existing lot, was the most practical way into homeownership.They live near Danville, California — a small city just over an hour east of San Francisco — where the median home sale price was $1.8 million in August, according to Realtor.com. Wanting to stay near their jobs and avoid long-term renting, they built a 1,200-square-foot unit in the backyard of…
Young Asian woman holding smartphone with a computer generated background. Innovation, metaverse and futuristic concepts.Oscar Wong | Moment | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Investment firms of the ultra-wealthy, such as the family office of Jeff Bezos, are making headlines with massive fundraises for artificial intelligence startups.Late last month, Bezos Expeditions co-led a $405 million round for robotics startup Field AI with backers including Laurene Powell Jobs’ Emerson Collective. In the past six…
Many companies investing in AI are “unsure” how it will make them more efficient — but employees should still adapt to the tech or risk falling behind, a workplace guru has said.”So far it looks like AI is a great culprit for job and cost cutting, especially in tech firms,” Thomas Roulet, a professor of organizational sociology and leadership at the University of Cambridge, told Business Insider.But the anticipated efficiency gain from AI hasn’t “fully materialized,” and “many firms betting on AI are unsure how this gain will materialize,” Roulet said.His comments echoed findings from Bain & Company’s annual technology…
People walk by a Claire’s store on December 11, 2024 in San Rafael, California.Justin Sullivan | Getty ImagesClaire’s is headed for a major makeover.The tween retailer, known for its ear piercing stations, jewelry and purple carpeting, declared bankruptcy in early August, the second time in seven years, citing nearly $500 million in debt and an increasingly competitive environment.Weeks later, private holding company Ames Watson announced it was buying up roughly 1,000 Claire’s stores across North America in a $140 million deal to rebuild the brand. The announcement paused the liquidation process at most Claire’s stores.”We went and started to do…
Starbucks is undergoing surgery. It’s one CEO Brian Niccol has performed before.On Thursday, the company announced its second round of corporate layoffs this year and a swath of store closures across North America in service of Niccol’s “Back to Starbucks” initiative. The move takes a page from his previous turnaround playbook, which he enacted as CEO of Chipotle from 2018 to 2024.Chipotle’s turnaround was widely seen as a success. Under Niccol’s tenure, sales skyrocketed, and the company’s share price soared more than eightfold, trading at around $6 a share when he became CEO to around $56 each by the time…
2025-09-26T09:15:01Z 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. Miami tops UBS’ Global Real Estate Bubble Index for the second year in a row. The index evaluates home prices, income ratios, mortgage rates, and more to assess bubble risk. High-risk cities show price increases decoupled from fundamentals, UBS said. For the second straight year, Miami is at the…
This as-told-to essay is based on a conversation with Dana Schoolsky, a 24-year-old working in monetization strategy and operations at TikTok in New York City. It’s been edited for length and clarity.When I worked in investment banking as an analyst, everything felt urgent, as if a fire alarm was going off at all times.I felt on edge even after leaving the office, never knowing when I might be called to action to do more work, which took a toll on me. I knew it wasn’t the right job for me nearly instantly, but I stayed for two years while I…
Kim Stolz is a private client advisor at Bank of America Private Bank, managing the fortunes of ultrawealthy families. She was first introduced to millions on “America’s Next Top Model” and as an MTV host. She pivoted to Wall Street in 2010, working at firms like BTIG and Citi before joining Bank of America in 2014. Business Insider featured Stolz as an industry rising star in 2018.In a new interview, Stolz, 42, recalled the steps she took to break into finance, including begging for an internship, and how she rose from there. Her comments have been edited for length and…
Jimmy Kimmel thanked President Donald Trump for giving his show ratings a big leg up.Kimmel returned to the air to shoot “Jimmy Kimmel Live!” on Tuesday after being suspended from the airwaves for a week. In a Thursday night episode of the show, he said the suspension helped juice viewership.”Even though we’re still being preempted in 60 American cities, on Tuesday, we had our second-highest-rated show in almost 23 years on the air,” Kimmel said, to loud applause from the audience.”Our monologue from Tuesday night has more than 21 million views just on YouTube alone,” he said. “And I want…