Author: Editor

As Tiger Global nears its 25th anniversary, the New York-based stockpicker is ready to move on from its recent past and return to its roots.The $50 billion manager, founded and run by billionaire Chase Coleman, posted back-to-back annual losses in 2021 and 2022, with the latter being a 56% swoon that brought about “enhanced risk management processes,” the firm’s investment team told investors in an April letter seen by Business Insider.The results since then: A two-year resurgence for one of the original Tiger Cubs, with gains of 28.5% and 24% in 2023 and 2024, respectively. The letter notes the firm…

It’s a tough time to be a middle manager.Companies are looking for ways to cut costs, and mid-career employees’ jobs are increasingly on the chopping block.Earlier this year, Big Tech giants like Google, Intel, and Amazon announced their plans to lay off thousands of workers, mostly managers. Last week, the trend hit Walmart, which said it will “remove layers and complexity” by reducing its labor force by 1,500 people, many of them in midlevel corporate roles. Retailer Wayfair also recently laid off managers, and some companies like fintech firm Block are moving managers into non-management roles.The latest manager purge is…

Retail therapy has been boosting Ulta Beauty’s bottom line.On Thursday’s earnings call, Ulta’s CEO, Kecia Steelman, said that customers are buying beauty products to cope with big-picture concerns.”Many consumers indicate that they are leaning into beauty as a comfort and escape from the stress of macro uncertainty,” Steelman said. “We expect this emotional connection will support the category’s resilience going forward.”She said customers are also willing to give up spending on other non-essential products so they can continue buying makeup and skincare products.”At the same time, they are cautious and value is an increasingly important priority as they navigate ongoing…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThirty years ago, when I was a rookie reporter, a veteran writer offered me sage advice: whenever presented with a government or corporate document that is more than 100 pages long, hunt for hidden bombs.Donald Trump’s thousand-page (plus) “big, beautiful bill” is a case in point. Since the House of Representatives passed it last week, this fiscal act has been (rightly) lambasted for many reasons: it favours the rich over the poor; cruelly cuts social safety nets; and recklessly expands…

In 2022, model Hailey Bieber launched a skincare brand with just a handful of products encased in unassuming packaging. Three years on, it’s being acquired by ELF Beauty for a billion dollars.The brand, known for its hybrid products that work as both skincare and makeup, sells only 10 products. But it’s moving fast in the market — ELF’s CEO, Tarang Amin, said in the company’s earnings call on Wednesday that Rhode achieved sales of $212 million in the last 12 months.Bieber announced the acquisition in a Wednesday post on Instagram.”I found a like-minded disruptor with a vision to be a…

This is as-told-to essay is based on a conversation with Serhii Nazarenko, a 31-year-old Kyiv resident who taught ballroom dancing for 11 years before the war. He is now an officer and machine gunner of the NGU’s elite Omega group.The conversation has been edited for length and clarity.I was wide awake when I lost my leg. We were in Luhansk, and my squad was ordered to assault a Russian position in the treelines.All I could see was the soil flying as I toppled over. Then I remember seeing my commander frozen, shock in his eyes, as I lay on the…

2025-05-29T23:30:33Z 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. Costco CEO Ron Vachris hinted at several tech improvements to speed up checkout at warehouses. “We’ve also engaged in some scan-and-go, done by Costco,” he said. The wholesale club is well behind rival Sam’s Club in rolling out new tech for members. Your next Costco run might just be a few minutes…

The Supreme Court narrowed the scope of environmental reviews for major infrastructure projects. Drew Angerer/Getty Images hide caption toggle caption Drew Angerer/Getty Images The U.S. Supreme Court sharply narrowed the scope of a key environmental statute on Thursday. The decision makes it easier to win approval for highways, bridges, pipelines, wind farms and other infrastructure projects. The National Environmental Policy Act is considered the nation’s premier environmental law because it sets up a regulatory regime under which the federal government seeks information from a wide array of agencies about the impact of proposed infrastructure projects before they’re built. At issue…

Pardon us; no relief in sight; down on the farm; and other highlights of recent tax cases.San Francisco: Winery co-owner Brian Fleury, 64, of Napa County, California, has pleaded guilty to aiding and assisting the preparation of a false return.Fleury and his spouse owned the winery Metropolitan Wines and several vineyards in Napa Valley. For tax years 2014 through 2018, Fleury underreported Metropolitan’s income to his tax preparer. Fleury directed some customers to pay with checks directly to Fleury instead of to Metropolitan and wrote or told his employees to “off the books,” on some of these customers’ invoices. Fleury…

A federal appeals court handed the Trump administration a temporary legal win on Thursday.The court granted the administration’s request to temporarily halt a lower court’s ruling on May 28 that invalidated most of President Donald Trump’s tariffs.Supply chain experts told Business Insider that the continued legal back-and-forth will likely drag on for months, if not longer, as the Trump administration fights to implement sweeping tariffs without congressional approval. In the meantime, they said to expect ongoing uncertainty in the market, continuing logistical turmoil for businesses, and additional price hikes and supply chain snarls for consumers.White House spokesman Kush Desai told…