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Secretary of Housing and Urban Development Scott Turner kept repeating the same phrases to Congress in defense of President Donald Trump’s proposal to cut the agency’s budget by 51%.”It’s time for a paradigm shift.” “We have to refocus.” “We want to be efficient and effective, not bloated and bureaucratic.”Democrats on House and Senate appropriations subcommittees were outraged — and even some Republicans were skeptical.Turner was tasked with explaining what Trump’s proposed $45 billion cut to HUD’s funding would look like in practice. The agency would be among the hardest hit parts of the federal government under Trump’s plan to eliminate $163…

Jack Stone, 60, sold her belongings and moved from Maryland to Portugal with her cat Olive last year — with no plans to return.It might not be her last relocation, but the US isn’t in her future either because of retirement concerns.Stone was worried about what aging would look like in the US. She estimated she would need at least $2 million to comfortably live as a retiree in her Maryland home with healthcare and aging care.”I realized that even if I had Social Security, I would not be able to survive in the United States,” Stone told Business Insider.…

Accounting firms are reporting bigger profits and more clients, according to a new report.The report, released Monday by Xero, found that nearly three-quarters (73%) of firms reported increased profits over the past year and 56% added new clients thanks to operational efficiency and expanded service offerings.Some 85% of firms now offer client advisory services, a big spike from 41% in 2023, indicating a strategic shift toward delivering forward-looking financial guidance that clients increasingly expect.AI adoption is also reshaping the profession, with 80% of firms confident it will positively affect their practice. Currently, the most common use cases for AI include:…

Retail media networks — advertising platforms owned and operated by retailers — continue their rapid rise as a major market force. An eMarketer report forecasts that RMN spend will exceed $62 billion in 2025, representing 17.9% of all digital media spend. That share of digital media is expected to exceed 20% in 2026 and near $100 billion in 2027.RMNs are a natural result of e-commerce’s explosive growth, leveraging the reach of retailers’ websites, apps, email channels, social media, and even physical stores. Equally important, they tap into the wealth of first-party data generated through high-volume transactions.While early RMNs like Amazon…

When Raegan Klein and Alfredo Linares married last summer, their dream felt straightforward and simple: start a Japanese barbecue pop-up restaurant in Los Angeles and live happily ever after.But all of that changed in the fall when President Donald Trump, who had promised mass deportations on the campaign trail, won reelection.Linares, who had worked his way up in fine dining to become a cook in a Michelin Star restaurant, arrived in the US as a teenager at 19 with his family and has lived here illegally ever since. Klein, a US citizen, was stricken with worry that at any moment,…

A farmer floating in a pool of eggs. An alien chugging beer. An older man, draped in an American flag, screaming, “Indiana gonna win baby.” The chaotic scenes are all part of a new AI-generated ad from sports betting marketplace Kalshi, which aired Wednesday during Game 3 of the NBA Finals.”The world’s gone mad, trade it,” the commercial’s tagline read, following the 30-second collection of surreal scenes.In a recent thread on X, the ad’s director explained how he made the clip for just $2,000.”Kalshi hired me to make the most unhinged NBA Finals commercial possible,” PJ Accetturo, a self-described AI…

The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7.Acting chief accountant Ryan Wolfe will be returning to his role as chief accountant in the Division of Enforcement. Hohl has close to 40 years of accounting and auditing experience. In 2023, he founded Corallium Advisors, which helps businesses with auditing, regulatory compliance, risk management, and initial public offerings. Previously, he spent 26 years as a partner at EY in various roles. His final role at the Big Four firm was as global deputy vice-chair of EY’s Global Assurance…

Caitlin Clark, #22 of the Indiana Fever, brings the ball up court during the first half of a WNBA game against the Chicago Sky at Wintrust Arena in Chicago on Aug. 30, 2024.Melissa Tamez | Icon Sportswire | Getty ImagesThe WNBA and E.W. Scripps announced on Friday a new multiyear media rights agreement to carry Friday night WNBA matchups on Ion.The new agreement also includes the “WNBA on Ion” studio show, the first weekly broadcast show dedicated exclusively to WNBA coverage.The value of the deal was not disclosed, but media reports peg the original deal that expires at the end…

The New York State Legislature passed a bill on Thursday that establishes an additional pathway to CPA licensure, and it awaits Gov. Kathy Hochul’s signature.Backed by the New York State Society of CPAs, the legislation creates a third pathway to licensure: 120 credit-hours (or what is equivalent to a bachelor’s degree), two years of experience and passing the CPA exam. It also ensures practice mobility so out-of-state accountants can serve clients in New York.The bill passed unanimously in the Assembly and with two negative votes in the Senate. The New York State Capitol Building in Albany.Picasa/demerzel21 – Fotolia “Passing one…

2025-06-13T15:33:20Z 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. Mark Cuban said work-life balance isn’t possible for those who want to win in their field. The billionaire said there’s always someone trying ‘to kick your ass’ in a recent video interview. Cuban said he didn’t take a vacation for 7 years. Mark Cuban says work-life balance is great — if you’re…