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Business

Latest Business news from around the world

Wix is laying off 20% of staff. Read the memo — and yes, it mentions AI.
Business

Wix is laying off 20% of staff. Read the memo — and yes, it mentions AI.

Wix CEO Avishai Abrahami announced a 20% staff reduction, citing AI advancements and currency shifts as driving factors for the layoffs.

Robert Scammell · 28 May, 2026
Wellness influencers love creating problems they can profit from
Business

Wellness influencers love creating problems they can profit from

Cortisol levels have been the latest rallying cry for wellness influencers on the lookout to sell you something.

Dan DeFrancesco · 28 May, 2026
Russia is arming attack drones with new electronic defenses to fight off Ukrainian interceptors
Business

Russia is arming attack drones with new electronic defenses to fight off Ukrainian interceptors

The modified Shaheds comes as Ukrainian interceptor drones are logging a growing number of drone kills.

Jake Epstein · 28 May, 2026
Walmart's warehouse club assembled a growing army of fans to help in its race against Costco
Business

Walmart's warehouse club assembled a growing army of fans to help in its race against Costco

Sam's Club has tripled the number of members in its feedback program, giving the company a unique view into what shoppers want.

Dominick Reuter · 28 May, 2026
As the US Navy pushes to build more submarines, shipyards keep losing young workers to less demanding jobs
Business

As the US Navy pushes to build more submarines, shipyards keep losing young workers to less demanding jobs

Retention rates are highest among young, entry-level workers who leave the demanding roles for similar jobs in other industries.

Chris Panella · 28 May, 2026
Ferrari's polarizing new electric Luce is a bet on a huge untapped market
Business

Ferrari's polarizing new electric Luce is a bet on a huge untapped market

The Luce, a five-seat EV designed by ex-Apple designer Jony Ive, has had a difficult start. Ferrari might be more concerned about China than memes.

Tom Carter · 28 May, 2026
Inside $14 billion Vertition's stock-picking build out
Business

Inside $14 billion Vertition's stock-picking build out

Verition has grown into a $14 billion hedge fund while trying to avoid the pitfalls that have tripped up rivals.

Bradley Saacks · 28 May, 2026
A couple who hit 'Coast FIRE' scaled back investing and still nearly doubled their portfolio. Here's how they put money to work.
Business

A couple who hit 'Coast FIRE' scaled back investing and still nearly doubled their portfolio. Here's how they put money to work.

"We keep it simple," said Andy Hill, who has achieved Coast FIRE with his wife Nicole by investing in index funds.

Kathleen Elkins · 28 May, 2026
She had a baby, tried AI coding, and built the nutrition app she actually wanted
Business

She had a baby, tried AI coding, and built the nutrition app she actually wanted

Lisa Lin had worked in tech for years, but had never tried coding. When she had her baby, she vibe coded a nutrition app for him.

Henry Chandonnet · 28 May, 2026
I got laid off from Meta as a low performer. I wish people told me to budget, downsize, and create a plan immediately.
Business

I got laid off from Meta as a low performer. I wish people told me to budget, downsize, and create a plan immediately.

A laid off Meta employee says budgeting for a year of unemployment, downsizing, and creating an action plan would've saved her grief after her layoff.

Tess Martinelli · 28 May, 2026
Disney is preparing for a world without the Hulu app
Business

Disney is preparing for a world without the Hulu app

Disney is working toward making the Hulu app obsolete. An internal document says the app "will be decommissioned" after subscribers move to Disney+.

James Faris · 28 May, 2026
Tell Business Insider: Do you want your city to give you free stuff?
Business

Tell Business Insider: Do you want your city to give you free stuff?

NYC Mayor Zohran Mamdani promises to make buses and childcare free. Business Insider wants to hear what readers think.

Allie Kelly · 28 May, 2026