In June, Amazon CEO Andy Jassy had a blunt message for his 350,000 corporate employees: There were going to be fewer of them in the near future, thanks to the "efficiency gains" he expected from AI. The proclamation generated big headlines and an uproar from staff. But it struck me...

Alaska is one of the states in the Federal Reserve's 12th District, which is headquartered in San Francisco. For Mary Daly, the head of the SF Fed, the state right now is a leading indicator for the US economy overall. In an interview recorded on a trip to Anchorage, Daly...

In an era of economic uncertainty and rising living costs, Americans are doing whatever it takes for job flexibility and extra income, and side hustles have become the new normal, with 27% of U.S. adults juggling side gigs. As the side gig market gets more competitive and saturated, the old...

Discover the blueprint for creating a high-performing family office. Learn strategies ultra-wealthy families use to manage wealth, reduce costs, and drive returns. “Shirtsleeves to shirtsleeves in three generations” is more than a cliché: it’s a cautionary tale. But for a rising class of high-performing family offices, this story is being...

For many Americans, their 401(k) balance is a sobering reminder that good intentions don’t always lead to good outcomes.Perhaps you planned to increase your retirement savings each year, but instead succumbed to immediate gratification and upgraded to a nicer car each time you were promoted. Or you charged family vacations...

Tapping your card on the tablet and choosing a tip percentage feels like a direct reward to your server for their work. Yet in many restaurants (and increasingly in airport concessions and delivery apps), your tip is quietly subsidizing the employer’s labor costs instead of landing in workers’ pockets.1By exploiting...

Where’s the best place for you to live in retirement? There are plenty of reports that try to provide the answer. For example, Bankrate recently released a report that ranked the best states to live in after retirement. iStock-2184106273 According to its analyses, the top five states to retire to...

In times of crisis, you don't want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you're protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available...

After retirement people think about downsizing their homes and possessions. It may be time to curate relationships, activities, and other less obvious baggage. iStock-499695854 Most of our life is spent accumulating things. We may be collectors, or it may be that after time we have ended up with possessions passed...

Myth: you should always pay cash if you can. Fact: investors should strive to have multiple tools in their financial toolbox, including taking on debt, using leverage, paying cash, or knowing when to pass when something isn't affordable or just doesn't make sense financially. Yet, it can be difficult to...

‘Fomo’ is powering today’s frothy asset prices — but the fear of loss may be about to take over. iStock-1836618676 The behaviour of equity markets over the course of this extraordinary year has come close to matching the dictionary definition of levitation. The Trump trade war, spiralling fiscal deficits and...

If you want to leave your home to your children or other heirs and keep the property out of the costly and time-consuming probate process, you could place your home in a living trust. Trusts offer numerous advantages, but they incur up-front costs, often have ongoing administrative fees, and involve...

No one knows more about admin than administrators. They share their top tips, from ‘eating the frog’ to drawing up a ‘ta-da’ list. Composite: Guardian Design; Olena Ruban/Getty Images Some of us are utterly hopeless with admin, others so good they do it for a living. What are the best...

When starting a business, you’ve got big ideas and dreams, and the drive to do the work on your own terms. But if you’re like most new entrepreneurs, you may also feel overwhelmed. There’s a long list of things to do and due to budget constraints, you are likely the...

Nearly two-thirds of Americans say they are more worried about running out of money in retirement than dying, and many retirees could be on track to turn that fear into a stark reality.About half of America’s retirees don’t take any systematic approach to withdrawing their many billions of dollars in...

Elon Musk and Grok (Photo by Jaap Arriens/NurPhoto via Getty Images) OBSERVATIONS FROM THE FINTECH SNARK TANK By now, many people have heard that Elon Musk’s AI chatbot, Grok , went disturbingly off the rails . What began as a mission to create an alternative to “woke” AI assistants turned...

The massive tax and spending legislation President Donald Trump dubbed the "Big Beautiful Bill" is set to reshape your family's finances in ways you might not expect. Dubbed by President Trump the Big Beautiful Bill, it's officially named the One Big Beautiful Bill Act and was signed into law July...

I’ve never seen as many potentially market moving vectors simultaneously in play. iStock-2193247114 I have marvelled over the past few years, and continue to marvel, at how markets shrug off the most dramatic political and economic events. Pandemics, wars, the toppling of the global trade system, the rise of rightwing...

I want to let you in on a little secret: A lot more people than you might think got help paying for their homes.Around one in three younger millennials did. Around four in five Gen Zers did. And if recent trends continue — skyrocketing property prices, high mortgage rates, a...

Dull questions, awkward silences, excruciating gaffes: socialising can be a minefield. Here’s how to avoid disaster – and even enjoy yourself. ‘When people talk to strangers, they enjoy it more when they go a little deeper.’ Composite: Guardian Design; Klaus Vedfelt/Getty Images (posed by models) The cliche about small talk...

Don’t break a sweat over those eternal theme park queues. Here’s how to navigate the latest “fast pass” options at both Disney World and Universal. Hagrids Magical Creatures Motorbike Adventure at Universal Orlando Resort/Photographer: Darren Walsh/Getty Images Takeaways by Bloomberg AIWalt Disney World and Universal Studios Florida have overhauled their line-skipping...

A better vacation starts with a better OOO—and getting real about unplugging. Most of us have a complicated relationship with the out-of-office (OOO) autoreply. Some Alpha types refuse to use it at all, ghosting their inbox while off-grid at Burning Man. Others switch it on if they’re just stepping out...

Due to financial pressures and personal events, 46% of parents say their adult children have moved back home. Here’s how to navigate the potential ‘boomerang burden.’ Financial pressures are forcing many adult children to 'boomerang' back homegetty It’s a financially challenging time to be a young adult. In a recent...

Letizia Alto and Kenji Asakura started buying rental properties in 2015 to free themselves from 80-hour workweeks.The physician couple, who met while working at the same hospital, were essentially starting from scratch. Asakura had dipped his toe into real estate investing in the early 2000s — he was mostly buying...

Jennifer Knoll got the first email from Zillow shortly after 5 p.m. on a Wednesday in late May. The next day, she received another. By the time the weekend arrived, she had three warnings from the home-search giant sitting in her inbox.Knoll has been helping people buy and sell houses...

When Becky Edgren left her leadership role in manufacturing, she wasn't looking for a fresh start; she was looking to build a generational legacy. She had spent her career working in the Dayton, Ohio, tooling and machining business her father had started. But when her family sold the business, she...

According to the Federal Reserve's Survey of Consumer Finances, taken every three years, slightly more than one in five U.S. households had received an inheritance as of 2022. 1 If you expect to receive an inheritance one day, these tips may help you better manage your financial windfall. Wait a...

Maybe you want the luxury of a swimming pool in your backyard, but you’re not thinking about selling your home just yet. Or maybe you want to make improvements to entice potential buyers. Whatever your reason for renovating your home, very few renovations will return 100% of their cost if...

Not all natural disasters are covered by renters insurance policies, and you may need to buy separate additional coverages for earthquakes and floods to protect your belongings should these disasters strike in your area.“If you rent a house or apartment and experience a fire or other disaster, your landlord’s insurance...

SummaryS&P report finds most firms overlook climate risks hidden in supply chainsClimate-sensitive sectors such as agribusiness face major supply challengesBut all sectors face downstream risks, eg climate affecting transportationUK retailers backing soy loans tied to zero deforestation in BrazilDeveloping first order climate risks assessments vital to establish risk exposure iStock...

Amazon CEO Andy Jassy said AI will change the tech giant's workflow and generate "efficiency gains" that will ultimately "reduce our total corporate workforce."Put more bluntly: AI means we'll need less of you to keep things running.The message wasn't well received by many Amazon employees, BI's Eugene Kim reports. "There...

Jeremy Barker spent much of his career bouncing between construction, working as a paramedic, and working as a fireman, as well as experimenting with startups."I kind of played ping-pong for the first 35 years, trying to decide what it is that I loved, which was fire," he told Business Insider....

An immensely readable dive into the ‘predictive processing’ hypothesis, our best guess as to how the mind really works. ‘The brain is a prediction machine.’ Photograph: Jose Luis Stephens/Alamy The process of perception feels quite passive. We open our eyes and light floods in; the world is just there, waiting...

When you start and grow a business , you must devote your full mental, emotional and financial attention. Due to this, entrepreneurs usually prioritize growth over personal wealth. But the truth is, without intentionally building personal wealth, you could find yourself with a successful business and nothing to show for...

Most leadership development programs feel successful, but employees say they’re not actually creating better leaders. Here’s what really needs to change. Leadership Development Is Broken, Because We're Asking the Wrong People If It's Working (Getty) The multi-billion dollar global leadership development industry has a dirty secret: most leadership development programs...