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President Donald Trump’s $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations between Vice President JD Vance and GOP leaders and Republican holdouts. The 51-49 vote, which was held open for nearly four hours, is a sign that Republican leaders are resolving the infighting over portions of the legislation and moving toward meeting a July 4 deadline the president has set for passage.Senate Majority Leader John Thune and his lieutenants may still need to tweak portions of Trump’s signature economic legislation in order to win the 50 votes it needs to pass the Senate. But…

Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. Want to know what a day in the life is like for the CEO of a superyacht firm? Anders Kurtén of Fraser Yachts told BI about his daily drive to Monaco and his nightly unwinding routine.On the agenda today:But first: One writer’s “vindication.”If this was forwarded to you, sign up here. Download Business Insider’s app here.This week’s dispatch Shutterstock; Emojipedia; BI Hot takesKatie Notopoulos is one of those people who articulates what you think before you quite realize you…

Updated 2025-06-29T09:47:01Z Share Facebook Email X LinkedIn 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. Declining foot traffic and rising e-commerce have led thousands of stores to permanently close. Former household names like Borders, Circuit City, and Blockbuster are now just retail history. BI rounded up dozens of once-beloved stores that no longer have a meaningful brick-and-mortar presence. Brick-and-mortar retail is a tough business.One day, your…

Being let go from a job is not always a surprise. Sometimes, there are whispers before the door slams shut, small signs that your time is winding down. That’s how it was for me.In 2010, I was an academic counselor at a community college in Washington, DC. I had also volunteered to develop the tutoring center, believing I was stepping into a dream role. For over a decade, I’d worked in community education as a GED writing teacher, a tech training program manager, and an ESL teacher.I didn’t just help students pick a major — I asked them to connect…

A year ago, Glenn Hopper was advising just a handful of company leaders on how to embed AI agents and tools like ChatGPT throughout their organizations. Today, the Memphis-based AI strategist has an extensive waitlist of C-suite executives seeking his help with those tasks and more.”This technology is moving so fast, the gap between what CEOs need to know and what they actually understand is massive,” said Hopper, a former finance chief and author of the 2024 book “AI Mastery for Finance Professionals: Foundations, Techniques, and Applications.” That’s why so many bosses are knocking on his door, he told Business…

John Calamos issued a cheery outlook for stocks and the economy, and ruled out following Warren Buffett in stepping down anytime soon.The stock market is “coming back very, very well, so I’m pretty positive on that,” the billionaire founder and chief investor of Calamos Investments told Business Insider this week. The benchmark S&P 500 has rallied more than 23% from its April low to trade at record highs as of Friday morning.Technology stocks like Tesla and Nvidia may be trading at heady valuations, but Calamos said he doesn’t see any parallels to past bubbles such as the dot-com boom, which…

The job hunt for white collar workers is taking them across the country.In the past two years, with the exception of New York City, the share of white-collar job postings across the country shrank in many major cities and are popping up in smaller metros in the South and Midwest, according to new data from Revelio Labs, a workforce intelligence company.Leaving major job hubs in the Northeast is not new, but job postings data over the last two years shows where white-collar opportunities are shifting in the US.Washington, DC, Boston, and Philadelphia saw the biggest declines in their share of…

Charles thought that secretly working multiple jobs would protect him from layoffs. He was wrong.Between 2021 and 2023, Charles earned as much as $300,000 annually by juggling multiple full-time jobs in product and tech. The extra income helped him pay down debt, renovate his home, buy a rental property, and purchase a new car.When he got laid off from one of his jobs last August, he took comfort in still having a roughly $150,000 salary from his remaining role. But landing a new job proved harder than he expected. Then, in September, he got more bad news: he’d been laid…

My wife and I both went to college and graduated with bachelor’s degrees. On the whole, I think we’d both agree that college was worth it for us. We got to have the careers we wanted. College degrees helped us to build a stable, prosperous, and interesting life.But college isn’t for everyone. And our oldest child is on a very different path — a flight path.That’s right: our 17-years-old son wants to be an airline pilot. And airline pilots don’t have to go to college. Instead of a four-year degree, we’re considering a different plan for him where he would…

I am the daughter of an immigrant mother from the Philippines. I became a lawyer because my mother wanted me to be one, not because I wanted to be one. While legal work pays well, I felt unfulfilled. So when I had kids, I encouraged them to do what they truly love. My mom’s dream career for me was a lawyerMy mother came to the United States at age 16 and worked hard to give me as many advantages as possible here. She paid for me to attend great schools. She wanted me to become a doctor, but I fainted…