Author: Editor

Summer internships: where ambition and imposter syndrome so often collide.At KPMG, the tiny fraction of applicants who landed a coveted place on its program are now working to secure a full-time job post-graduation.A summer internship at a Big Four professional services firm is as competitive as it is prestigious. For most interns, the two-month KPMG internship comes after more than 18 months of applications, networking, and building up their resumé. Just 2,200 of more than 42,000 applicants made the cut this year.Business Insider asked KPMG partners, including its head of talent, how they should impress in an office of busy…

This as-told-to essay is based on a transcribed conversation with Sandy Yawn, a superyacht captain and star of ‘Below Deck Mediterranean.’ The following has been edited for length and clarity.When I started my yachting career more than 30 years ago, I’d never seen a woman captain.Women worked on ships, but they were few and far between in the world of yachts, and I’d never seen one at the helm.I fell into yachting, or maybe the job found me. When I started working maintenance on boats, I had no idea yachting could be a career. Decades later, I’m a superyacht captain.…

President Donald Trump has made it clear what he wants: lower interest rates, and ASAP.That’s the thrust behind his yearslong feud with Jerome Powell, the Fed Chair who’s stood pat on interest rates, even amid pointed criticisms and threats from the president that his position is in jeopardy.Trump — who has, among other things, called Powell “too late,” a “major loser,” and “very stupid” — appeared to signal that he was ready to take his fight with Powell to the next level last week, after the Wall Street Journal reported that the president was considering announcing a new Fed Chair…

I started my career in the US Coast Guard as a college sophomore in 1996. After graduating, I was stationed on a ship in Charleston, South Carolina, chasing drug runners in the Caribbean.I transitioned into crisis management and moved four times over the next 12 years. I responded to Hurricane Katrina in 2005 and worked on Capitol Hill as a congressional fellow for the late Congressman Elijah Cummings in 2007.I loved my career and learned from some exceptional leaders. I also had the misfortune of surviving a few toxic ones. I was one of 50 Black women officers out of…

In Silicon Valley, it is the summer of compensation FOMO.Startup employees and venture investors have been swapping stories about eye-popping salary and equity packages as Meta CEO Mark Zuckerberg has rushed to pay top dollar to poach elite AI and machine-learning talent. While some people are getting offers in the tens of millions of dollars, others who aren’t getting such rich packages thrown their way are feeling left out.”There’s a ton of ripple effects I’m hearing in the Valley,” said Deedy Das, an AI investor at Anthropic backer Menlo Ventures. “There is a sense of jealousy, envy, and helplessness, and…

It looks like China has finally recognized how a relentless price war is backfiring on its economy.At a high-level meeting chaired by Chinese leader Xi Jinping on Tuesday, China’s top leadership pledged to curb “low-price and disorderly competition among enterprises” and create a “unified national market,” according to Xinhua state news agency.China’s acknowledgment of unhealthy competition among its local firms comes amid the West’s criticisms over the country’s industry overcapacity and cheap exports. These products have undercut domestic industries and have led to factory closures and job losses from the US to Europe.While Beijing has consistently pushed back against those…

At 52, Idris Elba has made a name for himself as an actor, a producer, and even a DJ who played at Coachella this year. He says he gets his drive from not forgetting what his pre-Hollywood life was like.During an interview on the “Good Hang with Amy Poehler” podcast published on Tuesday, “The Wire” actor spoke about his career and how the challenges he faced before fame continue to motivate him.Elba told host Amy Poehler that he didn’t find success until he was around 35 and that life before that was often difficult. “There were some very tough times,”…

Corona’s parent company said its sales have fallen, in part because Hispanic customers aren’t buying as much beer.New York-based Constellation Brands posted its first quarter earnings on Tuesday, reporting $2.23 billion in beer sales in the quarter — a 2% decline from the year before.The company said its top sales states, particularly “zip codes with larger Hispanic populations,” saw subdued spending. Hispanic customers make up about 50% of the company’s beer consumer base, Constellation Brands’ CEO, Bill Newlands, said in April’s earnings call.Newlands and the company’s CFO said in a joint commentary on Tuesday that the company had surveyed a…

TikTok and ByteDance employees are bracing for possible layoffs after the company informed staff it would announce “organizational and personnel changes” early Wednesday morning, according to a memo viewed by Business Insider.The changes would impact workers in the company’s global e-commerce business, TikTok Shop, which has had several rounds of layoffs this year.”Over the past month, we have assessed how we can best support our evolving Global E-commerce business in alignment with our mission and evolving goals in the market,” the company wrote in the memo.These changes come from “careful analysis of how to create more efficient operating models for…

As Donald Trump’s flagship tax and spending bill narrowly passed the US Senate on Tuesday morning, the president was 1,000 miles away, touring a new migrant detention centre in the Florida Everglades.A room of Trump aides and supporters cheered as he was told the news. Minutes later, he batted away a reporter’s question about whether the victory would be short lived, given the bill’s uncertain path forward when it goes back to the House of Representatives for a final vote.“It’s a great bill,” Trump replied. “There is something for everyone.”But Trump’s bravado belied the next hurdles for the so-called “big,…