Author: Editor

Former LPGA golf star Michelle Wie West is taking on a bigger role in growing women’s sports — from off the course.On Tuesday, Wie West announced she has signed on as the latest athlete investor in Togethxr, the company behind the popular “Everyone Watches Women’s Sports” slogan. Togethxr aims to increase investment in and media coverage of women’s sports, among other goals.Wie West, the now 35-year-old Stanford grad, was the youngest player to ever qualify for an LPGA event at the age of 12. Since her playing career ended in 2023, she has turned her attention to her other passions,…

It’s not an easy time to be in the drugstore business.On Monday, Rite Aid found itself in bankruptcy for the second time in less than a year, having only exited protection back in September.In a note to business partners, the pharmacy chain cited “rapidly evolving retail and healthcare landscapes” as challenges to its survival. Indeed, the industry has changed a lot in the last few years, and experts tell BI the chain’s financial problems were worsened by the larger industry shifts.”What’s happened to Rite Aid is quite an extreme, but it’s not like CVS and Walgreens are without similar problems,”…

The Public Company Accounting Oversight Board has agreed to a statement of protocol with the Auditing Oversight Authority of the Slovak Republic as the PCAOB comes under threat of being folded into the Securities and Exchange Commission.The PCAOB announced the bilateral arrangement Tuesday and said it went into effect May 5. The pact will offer a framework for facilitating regulatory cooperation in supervising the oversight of auditors and public accounting firms. “Today’s agreement is just the latest successful example of the PCAOB working around the globe to protect investors in U.S. markets,” said PCAOB chair Erica Williams in a statement Tuesday.Last…

The Supreme Court Andrew Harnik/Getty Images North America hide caption toggle caption Andrew Harnik/Getty Images North America The U.S. Supreme Court on Tuesday allowed the Trump administration to begin executing its ban on transgender military service members, at least for now. The justices blocked a lower court order that temporarily halted the ban’s enforcement. The court’s three liberals said they would have denied the application. Shortly after President Trump was sworn in for the second time, he signed an executive order banning transgender individuals from serving in the military. The Defense Department promptly barred transgender individuals from enlisting and discharged…

Comcast’s spinoff of the majority of its NBCUniversal cable network portfolio will be named Versant, the company said Tuesday, ending a monthslong process to select a new corporate moniker.The new company chose Versant (pronounced like the root of the word “conversant”) to emphasize its versatility and its familiarity with multiple subjects, according to Chief Executive Officer Mark Lazarus, who spoke in an interview.Versant, which had been called SpinCo until a permanent name was chosen, will own cable networks including USA, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel. It will also house digital assets Fandango, Rotten Tomatoes, GolfNow, GolfPass and…

Nearly three-quarters (72%) of Master of Accounting programs in the U.S. reported increased application levels in 2024, according to a study by the Graduate Management Admission Council.The GMAC surveyed 297 business schools, representing 1,090 programs, for its latest report on trends in graduate business school programs.This figure represents a five-year peak in applications and is up from 43% of programs in 2023. Meanwhile, the data found that 2% of Master of Accounting programs reported that application levels were flat, and 26% reported declined applications.  “The resurgence in applicant interest in master of accounting programs is another encouraging sign for the…

Salvadoran guards escort alleged members of the ‘Tren De Aragua’ and Mara Salvatrucha gangs who were deported from the U.S. to El Salvador. Salvadoran government handout/Getty Images hide caption toggle caption Salvadoran government handout/Getty Images The U.S. intelligence community says it does not believe Venezuelan President Nicolas Maduro directs Tren de Aragua (TDA), a criminal gang that operates in the U.S. in a newly declassified, redacted memo. The memo contradicts claims by President Trump, who has accused Maduro of controlling the gang, which Trump says is invading the U.S. The government has relied on this argument to justify the deportation…

2025-05-06T17:16:26Z 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 US may not have royals, but it does have family empires worth billions. They’ve accumulated fortunes in a variety of ways, such as publishing, cosmetics, retail, and hotels. The richest families in the US include the Waltons, the Kochs, the Hearsts, and the Lauders. Billionaires’ wealth has been growing exponentially over…

A pair of Senate bills would coordinate Pell Grants with the American Opportunity Tax Credit, and provide a tax deduction for overtime wages.Senate Finance Committee members Chuck Grassley, R-Iowa, and Sheldon Whitehouse, D-Rhode Island, introduced bipartisan legislation Tuesday that would coordinate Pell Grants with the AOTC, and fully exclude Pell Grants from taxable income, while Sen. Tommy Tuberville, R-Alabama, and Roger Marshall, R-Kansas, separately introduced a bill related to President Trump’s campaign promise on exempting overtime pay from taxes.The first bill, known as the Tax-Free Pell Grant Act, aims to iron out the current Tax Code to enable qualifying students…

This as-told-to essay is based on a conversation with Christine Wong-Tai. It has been edited for length and clarity.I used to work for a healthcare company in New York City, and it seemed the organization never understood remote work.Post-COVID, when we’d all obviously had to work remotely for two years, they said we needed to begin a gradual return to the office. At first, they didn’t push it; they just talked up the benefits of returning to the office, saying it was better for collaboration and productivity. Honestly, at that time, I quite enjoyed the opportunity to get out of…