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The US and global economy are losing steam, and a key forecaster said President Donald Trump’s trade tariffs were part of the reason.In its latest Economic Outlook, released on Tuesday, the Paris-based Organization for Economic Co-operation and Development cut its forecast for US economic growth in 2025, pointing to the fallout from the administration’s trade policies. The 2.8% rate it predicted in March has now been reduced to 1.6%.The OECD warned that these tariffs, which have pushed the effective US import rate to 15.4% — the highest since 1938 — were not only affecting US growth but reverberating across the…

You’ve had it drilled into you that networking is essential for your career.Yet, if you’re busy actually doing your job, it can feel like yet another thing on your list. So, you like a few posts on LinkedIn and move on.Increasingly, that’s not going to cut it, workplace observers told Business Insider. That’s especially true if you’re among the growing share of workers who feel restless and wouldn’t mind finding a new gig.Professional elbow-rubbing is becoming more important partly because many of us, especially desk workers, don’t have the leverage with employers that we did in the pandemic years, when…

While luxury retailers are bumping up the prices of watches, the pre-owned market is sitting pretty.Douglas Kaplan, chief commercial officer at Bob’s Watches, told Business Insider that the company’s sales jumped 20% from March to the end of May. BI viewed documentation verifying the increase. Meanwhile, Switzerland-based Rolex, one of the most sought-after luxury watch brands, plans to raise prices for watches due to tariffs and the increasing cost of gold.Bob’s Watches is a marketplace for pre-owned watches. About 90% of its inventory is discontinued styles from collectors’ favorite luxury brands. Unlike the watches imported from Switzerland, Kaplan said his…

Enjoy complimentary access to top ideas and insights — selected by our editors. Accountants are adopting more technology to streamline processes and provide new capabilities within their practices, but how are they using technology to achieve their goals?Wolters Kluwer’s Annual Accounting Industry Survey Report reveals how accounting firms plan to utilize technology in 2025, based on quantitative interviews of 1,776 tax and accounting firms of all sizes from the United States. According to the report, a majority of respondents noted growing revenue and profits as a goal for 2025, with other top goals including improving client service and engagement, as well…

It’s June on Wall Street, which means more outdoor coffee chats, summer rentals in the Hamptons, and hordes of young people taking their inaugural steps toward a financial services career.Investment banking internships tend to kick off in early June, while training for first-year investment banking analysts typically starts a few weeks later.One of the top considerations undoubtedly on the minds of these newcomers is how to show their bosses they’re the right people to bet on for future promotions or job offers.In an effort to help them along, Business Insider asked people who’ve made it on Wall Street to reveal…

JPMorgan CEO Jamie Dimon said people could be in for a surprise when they realize that the market is not doing as well as they think.Dimon was speaking to Fox Business’ Maria Bartiromo for an interview filmed on Friday, which aired on Monday. During the sit-down, Bartiromo asked him about his thoughts on how the markets are doing.”Complacent. Prices are high. Things are going okay. Prices are kind of working to a soft landing. I hope that’s true. I just think the odds of that are lower than other people think, and that they are gonna surprise,” Dimon told Bartiromo.”There’s…

Former Culpeper County Sheriff Scott Jenkins was sentenced to 10 years in prison on bribery and related charges. President Trump’s pardon of Jenkins last week has gone down badly with people in Culpeper, Va., which voted for Trump in 2024. Eva Hambach/AFP via Getty Images hide caption toggle caption Eva Hambach/AFP via Getty Images CULPEPER, Va. — When Donald Trump pardoned former Culpeper County Sheriff Scott Jenkins last week, the president called him a “victim” who had been “persecuted by the Radical Left ‘monsters’ and ‘left for dead.'” Jenkins is an outspoken supporter of Trump. The reprieve spared Jenkins from…

2025-06-02T22:09:01Z 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. Marc Maron says he plans to end his “WTF” podcast later this year. Maron cited burnout and said, “It’s OK to end things.” “WTF” launched in 2009 and featured guests like former President Barack Obama and David Letterman. One of the original podcasters is hanging up his mic.Marc Maron, host of the…

Multistrategy hedge funds protected their investors from the worst of 2025’s stock market volatility in March and April. Now, after equity markets surged in May, the same managers also did not reach the same highs as indexes such as the S&P 500.The flagship fund for $66 billion Citadel, Wellington, was up 0.2% in May pushing the fund’s 2025 gains to 0.8%, a person close to the firm told Business Insider. Billionaire Steve Cohen’s Point72, meanwhile, returned 0.9% last month, bringing the $37.7 billion firm’s yearly gains to 3.9%, an individual close to the firm said.Millennium, the $73 billion firm run…

This as-told-to essay is based on a conversation with Orphe Divounguy, a senior economist at Zillow. In April, Divounguy purchased a home in Raleigh, North Carolina. The conversation has been edited for length and clarity.I’ve been with Zillow for almost three years. As a senior economist, I provide internal and external insights about housing. So, I do a lot of TV and radio interviews, discussing its dynamics with various audiences.While I am well-informed, I don’t have a competitive advantage as a homebuyer: Zillow’s housing data and metrics for buyer competition are publicly available on its website.Right now, Zillow’s data shows…