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A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week.The blitz, led by Illinois’ Cook County regional organized crime task force, involved more than 100 jurisdictions and over 30 retailers including Home Depot, Macy’s, Target, Ulta Beauty, Walgreens, Kroger and Meijer.”When you give specific focus to a crime, it reverberates,” Cook County Sheriff Tom Dart told CNBC. “When they see it is being prosecuted and taken seriously, it deters conduct. They don’t want to get caught.”Organized retail crime — a type of…

The US minted over half a million new millionaires in 2024, driven by strong equity markets and a favorable interest rate environment, according to Capgemini’s World Wealth Report 2025.The number of high-net-worth individuals (HNWIs) in the US rose by 7.6% last year, equivalent to about 562,000 people, while their collective wealth increased by 9.1%.That growth made the US the single largest contributor to global millionaire expansion, as the country’s stock market surged and economic growth exceeded expectations.”Even in an environment of low interest rates, geopolitical tensions, and trade policy uncertainty, the wealth management sector will continue to grow in the…

This isn’t the NBA Finals many imagined, but the league sees opportunity nonetheless.The series will be a small-market showdown between the mighty Oklahoma City Thunder and the upstart Indiana Pacers. And betting markets have the Pacers at 5-to-1 odds to upset the Thunder, who won a staggering 68 regular-season games.That combination means TV ratings for these Finals may sag. Even some at the league office acknowledge that this year’s Finals ratings could take a hit without marquee teams.But NBA marketing chief Tammy Henault told Business Insider she wasn’t worried, and sees the series as an opportunity to showcase the next…

Updated 2025-06-04T12:41:02Z 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. I visited Walmart in Wisconsin and New Jersey to compare stores in the Midwest and the East Coast. Milk was less expensive in Wisconsin, but a dozen eggs cost the same at both locations. New Jersey’s Walmart had a food hall startup, Wonder, founded by a former Walmart executive. As a…

Bloomberg via Getty Images Amid the agency’s turmoil this year, the Internal Revenue Service has some good news from 2024 regarding service and collections.The agency helped taxpayers on 62.2 million occasions in FY24, up 3.2% over the prior fiscal year, and took in a new high in revenue, according to its latest annual Data Book detailing agency activities from Oct. 1, 2023, to last Sept. 30.IRS toll-free customer service lines provided live telephone assistance to almost 20 million callers during the fiscal year, up some 11% from 2023. At Taxpayer Assistance Centers, the agency helped more than 2 million taxpayers…

This article is part of “Made to Order,” a series highlighting the business strategies driving today’s food industry.”A perfect storm.””Death by a thousand paper cuts.””Getting punched in the face and then, just before you’ve gotten back up, getting punched again.”This is how restaurant owners and chefs described the state of the industry to Business Insider.Still reeling from the effects of the COVID-19 pandemic, the fine-dining scene has been hit with the skyrocketing costs of goods, labor shortages, and potential tariffs. Reservations are down, and even a Michelin star or two can’t protect you from the stress.”If you saw pictures of me now…

The best-paid CEO last year was not running a technology giant or a Wall Street firm — but the company that makes Tasers.Rick Smith, the CEO and cofounder of Axon Enterprise, which makes stun guns used by many police forces, took home almost $165 million last year. Although Smith’s annual salary was $31,201, he was awarded stock options worth just over $164 million after meeting a series of targets over several years.He told The Wall Street Journal that the stock award came from a scheme open to all Axon employees that lets them convert salary into stock options, whose value…

Steph Curry’s Gentleman’s Cut bourbon.Courtesy: Gentleman’s CutSteph Curry is one of the greatest basketball players ever, and judging by his company’s financials, he’s off to a pretty good start in the business world.Curry is the CEO of Thirty Ink, a house-of-brands conglomerate that owns companies including Unanimous Media, Gentleman’s Cut bourbon and Underrated Golf and Basketball. CNBC Sport profiled the company in “Curry Inc.: The Business of Stephen Curry,” a production centered on Curry’s career and business ambitions that airs Wednesday on CNBC at 9 p.m. ET/PT.Thirty Ink generated $173.5 million in revenue in 2024, the company told CNBC Sport. The…

This as-told-to essay is based on a conversation with Barbara Ann Patton, 88, who works as a notary in Florida. Patton said she works to pay her bills, as she has minimal savings and relies on her stepdaughter to help stay afloat. She said she’s considering finding someone else to live with her so she can more comfortably make ends meet. Her words have been edited for length and clarity.I work now because I need to, partly due to some poor decisions I’ve made. I’ve always thought that at this time in my life, I’d be getting my Social Security,…

Zach Janik had all the makings of a Florida lifer. Born and raised in West Palm Beach, he spent most of his adult years in St. Augustine, a small beach town on the state’s northeast coast. In 2018, just shy of 30, he purchased a tidy three-bedroom house for $195,000. Life was good.A few years into the COVID-19 pandemic, though, he no longer recognized the place he had long called home. The area around St. Augustine was bursting with new arrivals and vast expanses of cookie-cutter homes to meet the growing demand for housing. All those new residents clogged the…