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Can AI make professional networking more efficient and perhaps even less … awkward?Power players and startups alike are racing to implement AI features they say will take your networking to the next level.This month, LinkedIn unveiled a new AI-powered job search tool where users describe their dream role, as well as an AI coaching tool for paying users. These joined other AI tools that the Microsoft-owned platform introduced last year for finding new people to connect with and writing the first direct message to someone. But while LinkedIn is betting AI can enhance its dominance, some investors see an opportunity…

President Donald Trump won the White House on the promise of an economic boom shortly after taking office.So far, his chaotic trade policy has had the opposite effect.Economists and policymakers have warned that the chances of a US recession are rising. Even if it isn’t showing up in the hard data just yet — job growth beat expectations in April and inflation cooled in March — consumers, businesses, and markets are showing early signs of pulling back due to uncertainty around the effects of tariffs. For months, Trump has been urging the Federal Reserve to lower interest rates, arguing the…

There’s one corner of the private investment world benefiting from the Trump bump going bust: Secondaries.”Secondaries” professionals buy stakes in privately held funds from investors looking to cash out early. They have been busy of late, closing a record $162 billion in deals last year, according to asset manager BlackRock. Demand could ratchet up again this year as investors look to raise cash to protect against the financial fallout of some of Trump’s policies.”I always joke there aren’t any bad times for secondaries,” Matthew Roche, a partner at secondaries firm StepStone told BI. “There are some really good times for…

Last spring, the billionaire Michael Arougheti had two light beers in hand and a good reason to celebrate — he had just become the co-owner of the Baltimore Orioles.Arougheti, the CEO of investment manager Ares, was in Pickles Pub, a popular bar for fans near the team’s iconic stadium, offering to buy everyone a beer.The short video of a joyous Arougheti in Pickles was played Tuesday to the amusement of his fellow panelists, Todd Boehly and Michael Milken, at the latter’s namesake global conference. Milken, a big healthcare donor whom George Washington University’s public health school is named after, had…

When Jared Fisher found out his major supplier of electric bikes was raising its prices by 10%, he had a choice to make: eat the cost or pass it along to his customers.”If you cut 10% into a bicycle margin, then you might as well get ready to have your exit strategy for your business because you’re not going to be able to operate,” Fisher, who owns several bike shops in Nevada and Utah, told Business Insider. “There’s no way.”Instead, Fisher decided to be transparent with his customers about why prices were rising on some of his products. He added…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has proposed raising taxes on the wealthiest Americans, in a breach of Republican orthodoxy that he hopes could pay for broader tax breaks being debated in Congress.The US president proposed an increase in the tax on people earning more than $2.5mn a year to almost 40 per cent, as he began talks with congressional Republicans on the details of a new fiscal package he hopes to pass this year.“The president is considering allowing the rate on individuals making…

The “big beautiful bill” touted by President Trump is getting closer, though the timeline remains imprecise. “There’s been some public reporting on tougher questions of spending cuts, but the difference between the tax bill this year and the Tax Cuts and Jobs Act in 2017 is that the inclusion of a lot of spending cuts in the same bill makes it more challenging this year. From the bill itself several categories are apparent,” said Stephen Eckert, a partner in the National Tax Office of Top 25 Firm Plante Moran. “There’s the extension of the TCJA extension, campaign promises and a catch-all…

Costco’s policies surrounding internal investigations are under scrutiny for being “overly broad” and in violation of employees’ rights.On Monday, US National Labor Relations Board judge Andrew Gollin decided against Costco in a matter involving the confidentiality agreements that workers are expected to sign when raising issues with management.The specific case was brought on behalf of Jessica Georg, who in 2022 used Costco’s “Open Door” policy to file an internal complaint that she was sexually harassed by a co-worker, according to filings. As part of the process, Georg was required to sign a confidentiality agreement that barred her from discussing the…

2025-05-08T20:19:16Z 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. Instagram has been throwing cash at content creators for years. During the FTC v. Meta antitrust trial, Instagram’s top exec, Adam Mosseri, revealed how much. Mosseri said Instagram has “invested hundreds of millions” into creators. Instagram has spent big bucks on wooing content creators.Adam Mosseri, Instagram’s top executive, took the stand on…

An unclean sweep; quite an education; Ferrari fever; and other highlights of recent tax cases.Parkton, Maryland: Exec Brett Hill, of Parkton and Berlin, Maryland, has been convicted of 16 counts of failing to collect and pay over payroll taxes.He was CEO of two telecommunications companies. From the second quarter of 2016 through fourth quarter of 2018, Hill withheld taxes from employees’ wages at one or both of his companies but did not file returns or pay those taxes over to the government, nor did he pay over his companies’ share. Instead, Hill paid himself a salary and paid other expenses.Total…