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In an age where meetings multiply and inboxes overflow, a weekly recap email can help save time and keep leadership aligned. A senior engineering exec at Roblox swears by it.Sebastian Barrios, a senior vice president of engineering at the gaming platform, said he sends his CEO a weekly email outlining his accomplishments, what’s next on his plate, and where he needs help.”It helps me keep track of what’s working, what’s not working,” Barrios said on an episode of “Lenny’s Podcast” published Sunday. “I don’t actually have an expectation that people are going to send that to me — it’s something…

US foundations are bracing for big cuts to their charity outlays as President Donald Trump’s proposed budget seeks to ratchet up taxes on investment returns for non-profit groups. Eight private foundations told the Financial Times they may reduce their annual distributions by up to a fifth, as the budget imposes a new tax rate of up to 10 per cent, from 1.39 per cent, on net investment income. The tax increase is part of the “one big, beautiful bill” passed by Congress last month and being debated in the Senate.The foundations support a range of causes from poverty alleviation to…

PwC is overhauling its advisory arm and hiring for thousands of roles to meet increased demand for advisory and consulting services.The Big Four firm confirmed the restructuring to Business Insider on Tuesday. PwC’s advisory arm, which previously consisted of four platforms, or advisory groups, will consist of eight under the reorganization, which takes effect July 1. Those advisory platforms are:DealsCyber Data and Tech RiskRisk & RegulatoryStrategyCommercial & Service ExcellenceBusiness & Supply Chain OperationsDigital Core ModernizationCloud, Engineering, Data and AnalyticsA spokesperson for PwC told BI the eight platforms will offer more industry-specific solutions to meet client demand. They also said managed…

2025-06-11T01:19:50Z 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. The US and China reached a trade framework agreement after talks in London. The agreement follows discussions between the two presidents and talks in Geneva last month. A major focus for the US is ensuring critical mineral flows from China. The US and China have finally made progress in trade talks.Li Chenggang,…

2025-06-11T01:12:56Z 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. The US Court of Appeals allows Trump’s tariffs to remain pending further arguments. The court will hear more arguments on July 31, keeping tariffs for at least two months. White House representatives have not commented on the court’s decision regarding tariffs. The US Court of Appeals for the Federal Circuit on Tuesday…

Pamela Au/wingedwolf – Fotolia The Internal Revenue Service has released Rev. Proc. 2025-23, which updates the list of automatic procedures for taxpayer-initiated requests for changes in methods of accounting. An “automatic change” is a change in method of accounting for which the taxpayer is eligible under Section 5.01(1) of Rev. Proc. 2015-13 for requesting the IRS commissioner’s consent for the requested year of change.The 430-plus pages of changes cover: gross income, commodity credit loans, trade or business expenses, bad debts, interest expense and amortizable bond premium, depreciation or amortization, research or experimental expenditures, elective expensing provisions, computer software expenditures, start-up expenditures…

UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletDETROIT — General Motors plans to invest $4 billion in three American assembly plants, including moving or increasing production of two Mexican-produced vehicles to U.S. plants.The Detroit automaker announced the plans Tuesday, as there have been few indications of progress in trade talks between the Trump administration and Mexican leaders. Earlier this year, President Donald Trump implemented 25% tariffs on imported vehicles and 25% tariffs on many auto parts…

Senate Majority Leader John Thune said Republicans in his chamber expect to deliver on President Donald Trump’s campaign promises to exempt tips, overtime pay, Social Security and auto loan interest from taxes.”I think that the president as you know campaigned hard on no tax on tips, no tax on overtime, Social Security, interest on car loans — those were all things that are priorities for the administration and they were addressed in the House bill and I expect they will be in the Senate as well,” Thune told reporters.The House bill, in lieu of a direct tax cut on Social…

Hulk Hogan’s beer brand is making a bigger bid to save Hooters of America and get the chain growing again.Real American Beer is spearheading a bid for the entire Hooters of America business, including the chain’s restaurants, Business Insider has learned. The chain filed for bankruptcy in March.The beer brand, founded in 2024 by wrestling legend Hulk Hogan, expressed interest last month in Hooters’ brand name, BI reported.Since then, Real American has assembled a team with broader experience, including running restaurant chains, CEO Terri Francis told BI.”Hulk Hogan and Real American Beer are fully committed to protecting and revitalizing the…

Tensions in Los Angeles remain high after the Trump administration called in National Guard against the wishes of city leaders. Jim Vondruska/Getty Images hide caption toggle caption Jim Vondruska/Getty Images Hundreds of active-duty Marines have arrived in the Los Angeles area, under the order of President Trump, to protect federal personnel and property amid anti-immigration enforcement protests in the city. The activation of 700 Marines came the same day California sued the Trump administration over the deployment of National Guard troops in Los Angeles. In their lawsuit, California Gov. Gavin Newsom and state Attorney General Rob Bonta accused Trump of…