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Category: Business

Trump wants to kill NYC’s congestion pricing, but a judge just said he can’t—yet

27 May, 2025 careerofbusiness.com 0 Comments Business

New York City’s congestion pricing program has only been in place for a few months, but it’s already reduced traffic, increased public transit ridership, led to fewer delays for school buses—and drawn the ire of

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Welcome.US CEO Nazanin Ash on the value refugees bring to the economy—and corporate America

27 May, 2025 careerofbusiness.com 0 Comments Business

As the global migrant crisis continues to dominate our airwaves, Welcome.US has triggered a dramatic impact on U.S. immigration, resettling 800,000 refugees across all 50 states. The organization’s cofounder and CEO, Nazanin Ash, shares how

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The $8 billion US scramble to defend Guam from China has glaring problems

27 May, 2025 careerofbusiness.com 0 Comments Business

Guam’s defense has been a focal point of US policy and military planning for the Indo-Pacific region. Army photo by Capt. Adan Cazarez A new GAO report highlights challenges facing the defense of Guam. The

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DOGE’s ‘5 things’ emails are dying a slow, quiet death

27 May, 2025 careerofbusiness.com 0 Comments Business

Some federal agencies have phased out the “5 things” emails, once a staple of DOGE. Win McNamee/Getty Images Federal employees told BI that some agencies have quietly phased out the “5 things” emails. The weekly

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Former OpenAI VP says human taste will become the ‘real differentiator’ in a world where AI ‘drivel’ is easily generated

27 May, 2025 careerofbusiness.com 0 Comments Business

Krithika Shankarraman, former VP of marketing at OpenAI, said human taste will become a distinguishing factor. Jonathan Raa/NurPhoto Krithika Shankarraman, former VP of marketing at OpenAI, said human taste will become a distinguishing factor in

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Nvidia reports Q1 earnings this week: Here’s what to expect

27 May, 2025 careerofbusiness.com 0 Comments Business

Nvidia’s earnings have become some of the most closely watched numbers on Wall Street. The company makes up about 6.5% of the Nasdaq 100, and 5.5% of the S&P 500, so a good quarter can

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Welcome.US CEO Nazarin Ash on the value refugees bring to the economy—and corporate America

27 May, 2025 careerofbusiness.com 0 Comments Business

As the global migrant crisis continues to dominate our airwaves, Welcome.US has triggered a dramatic impact on U.S. immigration, resettling 800,000 refugees across all 50 states. The organization’s co-founder and CEO, Nazanin Ash, shares how

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Why Tesla sales are plummeting in Europe

27 May, 2025 careerofbusiness.com 0 Comments Business

Tesla sales are plummeting in Europe, down nearly 50% in April. Meanwhile, sales of European electric vehicles from Volkswagen, BMW, and Renault are growing, and the Chinese car manufacturer BYD sold more vehicles than Tesla

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Lego’s first book nook is an addictively interactive diorama

27 May, 2025 careerofbusiness.com 0 Comments Business

Lego just announced its first book nook: Sherlock Holmes’ Baker Street. I was guessing this was coming sooner than later, with Lego’s ever-increasing focus on the adult market and the growing popularity of book nooks.

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Rite Aid store closures update: See the full list of 151 pharmacy locations that will shutter in ongoing bankruptcy

27 May, 2025 careerofbusiness.com 0 Comments Business

The list of Rite Aid drugstores marked for closure continues to grow at a furious pace after the ill-fated pharmacy chain filed for bankruptcy a second time. In a court filing last week, the company

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Trump Media to raise $2.5 billion to build a bitcoin reserve

27 May, 2025 careerofbusiness.com 0 Comments Business

President Donald Trump’s media company said Tuesday that institutional investors will buy $2.5 billion in the company’s stock with the proceeds going to build up a bitcoin reserve. About 50 institutional investors will put up

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Google CEO reacts to OpenAI’s big hire: ‘Jony Ive is one of a kind’

27 May, 2025 careerofbusiness.com 0 Comments Business

Google CEO Sundar Pichai was asked in a podcast interview about OpenAI’s nearly $6.5 billion deal to bring Jony Ive’s IO startup in-house. Aleksandra Szmigiel/Reuters Sundar Pichai praised Jony Ive’s design legacy in a recent

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Only 84 songs have debuted at No. 1 in the history of the Billboard Hot 100 — here they all are

27 May, 2025 careerofbusiness.com 0 Comments Business

Drake, Michael Jackson, Taylor Swift, and Ariana Grande. Prince Williams/Wireimage, Michel Linssen/Redferns, Kevin Mazur/Getty, Kevin Mazur TAS23/Getty, Tyler Le/BI Only 84 songs have debuted atop the Billboard Hot 100 since the chart was launched in

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After 15 years, you can finally use WhatsApp on your iPad: Here’s how to get the app on your Apple tablet

27 May, 2025 careerofbusiness.com 0 Comments Business

One of the most popular smartphone apps in the world has finally come to the iPad. Today, Meta has officially released WhatsApp for iPad. The release comes nearly sixteen years after WhatsApp debuted on the

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The risk to the housing market if Fannie Mae and Freddie Mac conservatorship ends

27 May, 2025 careerofbusiness.com 0 Comments Business

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Fannie Mae and Freddie Mac support the mortgage industry by buying mortgages from lenders and selling mortgage-backed securities to investors. They were placed into

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U.S. consumer confidence rebounds in May after five months of tariff anxiety

27 May, 2025 careerofbusiness.com 0 Comments Business

Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of

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Read the memos The Washington Post sent staff offering voluntary buyouts as the Jeff Bezos-owned paper restructures

27 May, 2025 careerofbusiness.com 0 Comments Business

The Washington Post’s executive editor, Matt Murray, announced buyouts. Robert Miller/The Washington Post via Getty Images The Washington Post is offering buyouts to staff as part of a reorganization. The buyouts will be offered to

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Nuuly just made fashion rentals profitable — Here’s how

27 May, 2025 careerofbusiness.com 0 Comments Business

After six years in the game, Nuuly, the clothing rental service from Urban Outfitters, has done what few thought possible: turned a profit. In an industry full of flashy failures and billion-dollar burns, Nuuly is

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Nissan bets on its hybrid EV to drive a comeback

27 May, 2025 careerofbusiness.com 0 Comments Business

Money-losing Japanese automaker Nissan is banking on its latest “e-Power” technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, much like the Toyota Motor Corp.

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Nearly a quarter of the U.S. is ‘functionally unemployed.’ Here’s what that means 

27 May, 2025 careerofbusiness.com 0 Comments Business

According to the U.S. Bureau of Labor Statistics, unemployment rates have not shifted much in recent years. The current unemployment rate is reported as being 4.2%—just a slight increase from the 4% it hovered around

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