Author: Editor

Uncertain times are here to stay, according to the head of the Big Four firm EY.”Uncertainty is going to be the norm. It’s going to be there for some time,” Janet Truncale, EY’s global chair and CEO, told Bloomberg TV in an interview on Wednesday.Business leaders are facing change and tough decisions on all fronts, from quickfire tariff policies and stock market swings, to how to implement AI and handle generational shifts in the job market.Truncale said that “confidence has been up and down in the C-Suite for the last year” and that technology, AI, and tariffs are all topics…

Many corporate leaders praise innovation but are less vocal about failure. That’s not the case for the CEO of Ikea’s owner — he hands out “banana cards.”Jesper Brodin, boss of Ingka Group, said in a podcast interview with Norges Bank Investment Management CEO Nicolai Tangen that the idea came directly from employee feedback.”A big group of Ikea colleagues said openly that we feel sometimes afraid of daring to make mistakes. What would be the consequences?” Brodin said in the episode released on Wednesday.To ease those fears, he created a symbolic gesture: “I invented this card where I basically cosign in advance…

Good morning. You’re reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today’s top stories President Trump signed last night a proclamation that bans travelers from 12 countries and partially restricts travelers from several others, effective June 9. The White House stated that this action is necessary to protect the United States from terrorist attacks and other national security threats. The complete ban applies to foreign nationals from Afghanistan, Burma (Myanmar), Chad, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran,…

Kirk Stange, a family law attorney with 25 years in the business, told NPR that divorce filings hit their peak in March and April, then again in August and September. Viken Kantarci/AFP via Getty Images hide caption toggle caption Viken Kantarci/AFP via Getty Images Kirk Stange keeps a close eye on the calendar — and right now, he’s enjoying the summer break. Stange isn’t a student. He’s a family law attorney with 25 years in the business. During a recent interview, he told NPR he has noticed a pattern: Divorce filings hit two peaks per year — one in late…

This as-told-to essay is based on a conversation with Scott Edinburgh, a Boston-based MBA admissions consultant. It has been edited for length and clarity.I launched an admissions consulting business in 2008 — it’s a family business that I run with my sister.We get a lot of international students, and they sometimes make up half our clients for the year. Our reach matches what many schools are seeing. There is a lot of interest from India and China, as well as growing numbers in Europe, the Middle East, and some countries in Africa. For MBA programs, most students are in their…

As Wall Street reels with every twist and turn in President Donald Trump’s trade war, there’s little sign of economic uncertainty in Manhattan’s favorite beach destination just 100 miles east.Demand for luxury real estate in the Hamptons is only growing. Sales and home prices have surged over the last year.Rising prices in the tony enclave are nothing new. The pandemic ushered in a surge of buyers looking to escape the city. The median sales price of homes in the Hamptons in the first quarter of 2025 was more than $2 million, a 13% increase over the previous year and nearly double…

It’s easy to read a text offering what is clearly a fake job and think, “Who in the world would fall for this?” Of course, Temu or Target isn’t going to send me an unsolicited message with a too-good-to-be-true employment offer out of the blue. Except scammers don’t do things that don’t work — so while it may seem obvious to you, there are people who absolutely fall for these tricks, and no one is immune.Scam texts have exploded in recent years (which I probably don’t have to tell you — if you have a cellphone, you’re most likely well…

Tech titan Elon Musk ratcheted up his offensive against Donald Trump’s signature tax bill on Wednesday, urging that Americans contact their lawmakers to “KILL” the legislation.”Call your Senator, Call your Congressman,” Musk wrote in a social media post. “Bankrupting America is NOT ok!”The post came one day after Musk lashed out at the tax bill, describing it as a budget-busting “disgusting abomination” as Republican fiscal hawks stepped up criticism of the massive fiscal package. Trump hasn’t publicly responded to Musk’s comments, but the White House put out a statement Wednesday saying the legislation “unleashes an era of unprecedented economic growth.” And House…

The CEO of America’s largest bank has long been skeptical of the rise of private credit, even as JPMorgan Chase jumps on the nonbank lending bandwagon in an effort to compete.”I think that people who haven’t been through major downturns are missing the point about what can happen in credit,” Jamie Dimon said at the bank’s investor day in May.This week, Dimon’s concerns were bolstered by a report issued by Moody’s Analytics, a former advisor to the Treasury Department, and a Securities and Exchange Commission senior economist. The report warned that the growing practice of raising money from institutional investors…

CrowdStrike Holdings Inc. said U.S. officials have asked for information related to the accounting of deals it’s made with some customers and said the cybersecurity firm is cooperating with the inquiry.The Austin, Texas-based company said in a filing Wednesday that it has gotten “requests for information” from the U.S. Department of Justice and the Securities and Exchange Commission “relating to the company’s recognition of revenue and reporting of ARR for transactions with certain customers.” ARR refers to annual recurring revenue, a measure of earnings from subscriptions.The company said the federal officials have also sought information related to a CrowdStrike update…