Author: Editor

Some companies are cutting middle management positions, and the roles that remain could change significantly in the years ahead.Aneesh Raman, LinkedIn’s chief economic opportunity officer, believes AI adoption — and the broader economic transformation he expects it to drive — will fundamentally change what it means to be a middle manager over the next decade.In addition, Google, Intel, Amazon, and Walmart have announced plans this year to collectively lay off thousands of workers, many of them managers. These cuts to midlevel roles are part of a trend some have dubbed the “Great Flattening,” and reflect a broader push to reduce…

Artificial intelligence and software skills will be a young graduate’s best bets for a job in the rapidly surging defense industry, said Micael Johansson, CEO of Saab.”I think there will be a big change going forward,” Johansson told Business Insider on the sidelines of this year’s Shangri-La Dialogue in Singapore.”Our systems will be software-defined, so of course, AI engineers, great software skills, data engineers will be super important to us,” said the CEO, who was elected president of the Aerospace, Security and Defence Industries Association of Europe last month.Johansson said defense primes like Saab, which manufactures the Gripen fighter aircraft,…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldElon Musk has lambasted Donald Trump’s signature tax bill as “a disgusting abomination”, in an outburst that threatens to destroy the relationship between the US president and his billionaire backer.Musk, who abruptly left the Trump administration last week, derided the legislation in posts on X on Tuesday as a “massive, outrageous, pork-filled Congressional spending bill”. He added: “Shame on those who voted for it: you know you did wrong. You know it.”Musk’s aggressive intervention comes at a critical time for…

2025-06-03T19:36:19Z 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. McDonald’s recently launched chicken tenders after removing them from menus in 2020. I compared its four-piece chicken tender meal to the same meal from Chick-fil-A. Both tenders impressed me — I preferred Chick-fil-A’s meal but McDonald’s was better value. In a chicken-tender battle between Chick-fil-A and McDonald’s, the chicken chain could be…

House Budget chair says Musk “absolutely wrong” to call Trump bill “disgusting abomination” – CBS News Watch CBS News House Republicans keep warning their Senate GOP counterparts: Don’t tinker with the economic bill they passed with one vote to spare. The Senate, however, is doing just that. House Budget Committee Chairman Jodey Arrington of Texas joins “The Takeout” to discuss where that could leave the Trump economic agenda. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Total postsecondary spring enrollment grew 3.2% year-over-year, according to a report.The National Student Clearinghouse Research Center published the latest edition of its Current Term Enrollment Estimates series, which provides final enrollment estimates for the fall and spring terms.The report found that undergraduate enrollment grew 3.5% and reached 15.3 million students, but remains below pre-pandemic levels (378,000 less students). Graduate enrollment also increased to 7.2%, higher than in 2020 (209,000 more students). (Read more: Undergraduate accounting enrollment rose 12%)Community colleges saw the largest growth in enrollment (5.4%), and enrollment increased for all undergraduate credential types. Bachelor’s and associate programs grew 2.1%…

Jordan Vonderhaar/Photographer: Jordan Vonderhaar/ The Internal Revenue Service has released Notice 2025-27, which provides interim guidance on an optional simplified method for determining an applicable corporation for the corporate alternative minimum tax.The Inflation Reduction Act of 2022 amended Sec. 55 to impose the CAMT based on the “adjusted financial statement income” of an “applicable corporation” for taxable years beginning in 2023. Among other details, proposed regs provide that “applicable corporation” means any corporation (other than an S corp, a regulated investment company or a REIT) that meets either of two average annual AFSI tests depending on financial statement net operating losses for…

Updated 2025-06-03T16:48:01Z 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. Veteran venture capitalist Marc Andreessen and his wife, Laura, are selling their Bay Area mansion. The home hit the market last year for over $33 million but now has a listing price of $29.5 million. Take a look inside. After more than a year on the market, Marc Andreessen’s Atherton mansion…

Dollar General’s string of good results continues, thanks in part to higher-income shoppers.The retailer delivered strong revenue growth of 5.3% for the first quarter, with comparable sales increasing by 2.4% over the same period last year. Last year’s numbers were strong, too.CEO Todd Vasos said the growth was propelled by the dollar store’s delivery initiatives, including a partnership with DoorDash, which are attracting a “new and diverse” set of customers.”The incrementality on DoorDash has always been over the top phenomenal,” he said on an earnings call Tuesday.Delivery has also helped Walmart expand its e-commerce sales, in part by offering higher-income…

Former film producer Harvey Weinstein appears in criminal court in Manhattan on Friday. Yuki Iwamura/Getty Images hide caption toggle caption Yuki Iwamura/Getty Images Editor’s note: This story includes descriptions of allegations about sexual assault and rape.  Closing arguments in Harvey Weinstein’s second sex crimes trial in New York are underway today. In 2020, a New York jury convicted Weinstein of rape and sexual assault, completing the fall from grace of the legendary film mogul. But Weinstein’s conviction was dismissed on appeal last year, and a new trial began in April. Aside from Weinstein and his accusers, few of the people…