Author: Editor

The founder of the bubble tea brand Gong Cha said he had a novel idea to get his first patrons through the door.In an interview with CNBC, Martin Berry, the founder and chairman of Gong Cha group, spoke about how he came across one of the chain’s outlets in Singapore before it became a global boba behemoth.Berry said he and his wife pooled $2.5 million of their savings to open the first five Gong Cha franchise stores in South Korea, a venture he said was “quite terrifying.”Berry quit his banking job to go all in on bubble tea. To get…

The head of the US Postal Service is warning lawmakers that the agency would run out of cash within the next year unless Congress steps in.On Tuesday, David Steiner, the postmaster general, called the situation a “critical juncture” during a House Oversight hearing.”In about a year from now, the Postal Service would be unable to deliver the mail if we continue the status quo,” Steiner said. “I like to say that we got thrown overboard and into the water. But, instead of tossing us a life jacket, we were thrown an anchor.”The agency is federally mandated to deliver mail to…

This as-told-to essay is based on a conversation with Amy Acton, the founder and CEO of Acton Styling Group. It has been edited for length and clarity.I’m the exclusive stylist for NBC Sports, which means I style NBC talent for the Olympics and other shows like Sunday Night Football, the Kentucky Derby, and more.I’ve always been interested in fashion. When I was younger, I went to college for all of two weeks because I ran out of outfits — I thought there was no point. It just wasn’t for me. After working at health clubs, I became a personal shopper…

The next report card you get at work might carry higher stakes.Big-name companies, including Meta, Amazon, and Boston Consulting Group, are adjusting how they evaluate people. The reasons vary, from prioritizing AI use to incentivizing top performers with bigger pay.As AI drives what feels like ever-faster change, and as many workers stay in their jobs for longer, employers are recognizing a need to make their performance evaluations more responsive, workplace observers told Business Insider.One such company is staffing firm Adecco Group, which is revamping its review process for its more than 35,000 corporate workers across 60-plus countries. The changes include…

Baobab; Bergdorf Goodman; Chloé; Le Creuset; Getty Images; BI 2025-09-20T09:32:02Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp 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. This fall, people are showing their status with chunky bags, high-neck jackets, and expensive jeans. Some of the latter pieces are especially reminiscent of styles from the early 2000s. Luxury cookware and designer candles are also having a moment. Pumpkin…

When Jordan Piluso went to a New Jersey estate sale in late January, she had one goal: to purchase a porcelain rabbit from the designer brand Herand.She’d learned about the sale online and viewed photos of the items available. She didn’t plan to buy any other decorative animals.But her mission quickly changed.”When I walked into the house, this [ceramic] cat was sitting on a piano right in the entryway,” the 34-year-old stay-at-home mom told Business Insider. “No one was looking at it, so I just grabbed it. I thought it was such a whimsical, out-there decor piece, and that’s my…

Ryan Cohen seems to be doing his best Warren Buffett impression, just like Michael Burry suggested.The billionaire GameStop CEO and Chewy cofounder channeled the legendary investor in a lengthy X post titled “The Hollow Men” on Wednesday.Cohen railed against a “new, parasitic class of corporate bureaucrat: The Risk-Free Insider.”He lambasted independent directors who don’t dare rock the boat and risk losing their cushy, well-paid jobs.He berated corporate bosses who balk at tying their fortunes to their company’s success — they collect big bonuses if its stock price rises, and receive huge payouts if they tank the business and leave. He…

This summer, there are dozens of opportunities to get into the exclusive Yellowstone Club in Big Sky, Montana— and get paid for it.The private enclave is hiring for a wide range of seasonal roles, from a cake decorator who can produce up to three custom cakes a day to a Pilates instructor who can also teach yoga, spin, boot camp, and kickboxing classes.Any position at the club would give insight into an exclusive world and offer access to some of the richest people on Earth at their most relaxed.”You encounter some of these residents that are really, really, really important…

Kalshi said Wednesday that it banned and fined a MrBeast editor and a California politician for making banned trades, the first public enforcement action taken by the US-regulated prediction market.The company said the video editor, Artem Kaptur, violated its insider trading rules by wagering about $4,000 on YouTube streaming markets. Kaptur, whose name was included in a regulatory notice, received a two-year ban and was ordered to pay a $15,000 fine in addition to repaying more than $5,000 in profits.Kalshi said that an internal disciplinary committee found that “he traded on material, non-public information he obtained” because of his MrBeast…

Block CEO Jack Dorsey issued a warning about the impact of AI on employment, particularly for other companiesAfter announcing he’s cutting about 40% of Block’s 11,000 employees, Dorsey outlined Block’s next phase as a “smaller, faster, intelligence-native company” in his opening remarks during the company’s earnings call on Thursday.”I don’t think we’re early to this realization. I think most companies are late,” he said.AI, he said, is dramatically accelerating work inside Block.”A significantly smaller team using the tools we’re building can do more and do it better. And intelligence tool capabilities are compounding faster every single week,” Dorsey saidDorsey pointed…