Author: Editor

Taylor Scriber, a millennial living in Texas, is trying to join the growing ranks of his generation and buy his first home. He’s been scouring listings with his real estate agent, taking a few tours to see what suits him best, and estimating his potential costs, including property taxes.The final piece of that homeowning puzzle has been stuck in Scriber’s craw lately. After reading recent headlines about property taxes in the Lone Star state being slashed for older residents and those with disabilities, he started to feel that he may end up shouldering the fiscal burden through his own payments…

Mayor Zohran Mamdani’s win against DoorDash is just one battle in his bigger war on delivery companies.The $131.5 million settlement accomplished what former mayor Eric Adams’ administration had begun. Now, regulating companies like Amazon, DoorDash, and Uber Eats has become a pillar of Mamdani’s approach to the business world: His administration confronts blue-chip employers with lawsuits and tighter policies, and supports union efforts to boost worker safety and financial security.Business Insider spoke with City Hall leaders, union representatives, and companies at the center of Mamdani’s delivery work crackdown. Worker advocates are pushing for even tighter protections, while employers worry about…

Luxury spending is holding up in parts of Asia even as the AI-fueled stock-market rallies that helped create new wealth have stumbled.In South Korea and Japan, affluent consumers are still spending on jewelry, watches, and other luxury goods after huge gains in AI-linked stocks swelled household wealth.The trend is most apparent in South Korea, where Samsung Electronics, SK Hynix, and other technology companies powered a historic stock-market rally earlier this year.Markets have since turned volatile, but consumer spending has proved more resilient.”Buoyant revenues for technology firms have helped to drive large bonuses and dividend payouts, as well as wealth effects…

Qantas Airways plans to start selling seats on its first nonstop between New York and Sydney next August, with flights set to launch in 2028, as the Australian carrier fills out the details for another marathon route with a special Airbus plane.The route will take about 18 hours, which puts it close to what is currently the world’s longest flight. The route that has that designation right now, nonstop service on Singapore Airlines from New York’s John F. Kennedy International Airport to Singapore, can top 19 hours. But Qantas is set to take the crown next fall when it debuts…

McKinsey & Company warns companies that AI spending may rise even further as agents become more common.Compared to text-based AI tools, agents can cost much more to run because they are actually completing tasks. Such tasks are often multistep processes, so the same goal can be accomplished in a variety of ways, and costs vary widely. According to a McKinsey study, the cost of completion for different agents could differ by as much as 30 times.”Imagine like you’re running an operation,” said Lari Hämäläinen, a McKinsey senior partner, “but every day there’s a 30x difference in the cost.”The consulting giant…

Christine Wonsley and Elmore Wonsley, mother and stepfather of Nolan Wells, stand on a stage with a photo of their son as they appear at the National Urban League’s annual conference to share updates on his death on Thursday, July 30, 2026, in Nashville, Tenn. John Amis/AP Photo hide caption toggle caption John Amis/AP Photo A Mississippi grand jury has decided there’s not enough evidence to bring charges in the case of Nolan Wells, a Black teenager who was found dead off the Mississippi coast in early July. However, activists, attorneys and Wells’ family are continuing to push for answers.…

MrBeast may be looking to take his brand further into the offline world.The YouTuber Jimmy Donaldson’s company, Beast Holdings, filed a trademark application Monday for Beast Band, paving the way for branching into wearable fitness products. It identified Beast Band as “Bands for wearable activity trackers; Smartwatch bands; Wearable activity trackers.”The application was filed on an “intent to use” basis, which typically means the applicant has a bona fide intent to launch such services, said Josh Gerben, a trademark attorney whose firm’s clients include entrepreneurs, celebrities, and pro athletes, and who spotted the filing. He isn’t involved with MrBeast, whose…

If you’re looking for a job that’s ripe to be reshaped by AI, you are likely seeing better pay advertised than just a few years ago. Indeed Hiring Lab grouped jobs more exposed to AI together and found that this category has seen pay growth skyrocket since 2021, more so than those less exposed to AI. Jobs more exposed to AI are more likely to have skills done or transformed by AI, including:Software developmentIT systems and supportData and analyticsMarketingBanking and financeEconomist Jack Kennedy said that AI is “reshaping which skills the market pays for” rather than replacing skilled workers.The report…

Royal Caribbean is nearing a $3 billion deal to take a 50% equity stake in Sandals, according to a person familiar with the matter.The person, who spoke on the condition of anonymity to discuss talks that had not been made public, said the deal values the Caribbean resort chain at $6 billion and that it was expected to boost for growth for both companies. The talks are ongoing and may not result in a deal, according to the person.Royal Caribbean shares fell roughly 6% on the news, which was first reported by the Financial Times. The company’s stock is down…

A long-running, San Francisco-based hedge fund is closing down.SoMa Equity Partners is returning capital to investors, three people close to the manager told Business Insider. The tech-focused stockpicker ran roughly $2 billion, regulatory filings show, and was run by onetime Apex Capital chief investment officer Gil Simon.It’s unclear why the firm shuttered, though Simon wrote in a LinkedIn post Tuesday that it was the “end of an era.””So much love and appreciation for my SoMa fam, our investors, partners, and friends,” the post reads.SoMa and its founder, Simon, did not immediately respond to requests for comment.The fund, launched in 2016,…