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U.S. prosecutors and regulators investigating a $32 million deal between CrowdStrike Holdings Inc. and a technology distributor are probing what senior company executives may have known about it and are examining other transactions made by the cybersecurity firm, according to two people familiar with the matter.In recent months, investigators with the Justice Department and the Securities and Exchange Commission have been probing the transaction between CrowdStrike and the distributor, Carahsoft Technology Corp., to supply cybersecurity software to the Internal Revenue Service. CrowdStrike has previously said that Carahsoft made on time payments for the order. However, the IRS never purchased or…

Updated 2025-05-09T13:49:31Z 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. Companies such as UPS, Meta, Microsoft, BlackRock, and Block are conducting layoffs. Artificial intelligence is reshaping some workforces. See the list of companies letting workers go in 2025. Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, retail, and…

Justice David Souter, who served on the Supreme Court for nearly two decades, died Thursday. Getty Images/Getty Images/Hulton Archive/Getty Images hide caption toggle caption Getty Images/Getty Images/Hulton Archive/Getty Images Former Justice David Souter, who appointed to the Supreme Court by President George H. W. Bush in 1990 but surprised Republicans by joining the court’s more liberal wing, has died, the court announced Friday. Souter, who retired in 2009, died Thursday at his home in New Hampshire, the court said. He was 85. “Justice David Souter served our Court with great distinction for nearly twenty years,” Chief Justice John Roberts said…

President Donald Trump is pushing lawmakers to increase tax rates on some of the wealthiest Americans as a way to offset other cuts in his signature economic package.The president’s proposal calls for creating a new 39.6% tax bracket for individuals earning at least $2.5 million, or couples making $5 million, according to people familiar with the discussion.The president made the request in a Wednesday phone call to House Speaker Mike Johnson. He also reiterated his desire to eliminate the carried interest tax break claimed by venture capital and private equity fund managers, one person said. Representative Jason Smith, the chairman of…

2025-05-09T13:19:01Z 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. The 1929 stock market crash marked the beginning of the Great Depression. Factors including speculative lending and changing monetary policies contributed to the crash. Photos show the panic in the stock exchange, at banks, and on the streets as savings vanished. The Roaring Twenties — an era of great economic growth in…

President Donald Trump said he would be fine with Republican lawmakers raising taxes on the wealthy, but acknowledged the political challenges of doing so for the party as he prepares to meet with the head of the House tax committee on Friday.”Republicans should probably not do it, but I’m OK if they do!!!,” Trump said on his social-media platform.Trump has been pushing lawmakers to increase rates on some of the wealthiest Americans as a way to offset other cuts in an economic package Republicans are preparing to move through Congress. He has also offered mixed messages on his proposal, complicating…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The art market is about to face its biggest test since the November elections, with more than $1 billion of work coming under the hammer in New York next week. Christie’s, Sotheby’s and Phillips are together offering 295 works for a low-end estimate of $952 million combined, according to ArtTactic. That would mark a 2% increase over last year’s spring auction total, and dealers and art…

Containers of Nutella hazelnut spread made by the Ferrero company is displayed on March 27, 2024 in San Anselmo, California. Justin Sullivan | Getty Images News | Getty ImagesFerrero North America is adding peanuts to its Nutella, turning its Ferrero Rocher spheres into squares and adding Dr Pepper flavor to Tic Tacs, all in the hopes of winning over more U.S. consumers.  The confectioner announced its slate of new products ahead of the annual Sweets and Snacks Expo, which kicks off Monday in Indianapolis. The company plans to display its largest-ever array of new products, like Butterfinger Marshmallow and Crunch White,…

Shomari Figures, speaking here at the Democratic National Convention on August 22, 2024, would win Alabama’s 2nd Congressional District to become the state’s second Black elected U.S. House member. The federal courts redrew the state’s congressional map after determining the Republican-controlled state legislature failed to create a new district in 2023 that would give Black voters an opportunity to elect a candidate of their choice. J. Scott Applewhite/AP hide caption toggle caption J. Scott Applewhite/AP A panel of three federal judges says the Alabama Legislature intentionally drew its congressional district map to dilute Black voting strength, which is unconstitutional and…

If it ain’t broke, don’t fix it.For many workers, that well-worn bit of folk wisdom might be the best advice for deciding whether to switch jobs in 2025.If you have a job and aren’t in a hot field like artificial intelligence, it’s likely smart to stay put unless you’re worried about getting cut — or are simply miserable, labor market observers told Business Insider. In the third installment of BI’s six-part series on making major life decisions in periods of immense policy-driven change, we’re looking at whether now is a good time to change jobs. We’ve already covered best practices…