Author: arthursheikin@gmail.com

[ad_1] Mary Smith is considering bankruptcy.”I don’t have it,” Smith said, referring to the extra money she would need to afford the higher student-loan payments she’s facing in the coming year. “Everything we’ve done, we’ve done ourselves,” Smith said. “Nobody handed me anything. I didn’t grow up in a rich family. We live paycheck to paycheck, like most of the country.”The 50-year-old nurse is enrolled in former President Joe Biden’s SAVE plan, an income-driven repayment plan that offers cheaper monthly payments and a shorter timeline to debt relief. The plan is now on its last legs — it has been blocked…

[ad_1] It turns out that some millennials have been able to get ahead — they just had to put a ring on it, while holding off on having kids.A Business Insider analysis of new data from the Census Bureau’s Survey of Income and Program Participation finds that millennials who are married, but don’t have children under 18 in the household, are sitting on net worths that exceed those of their parental, single, and divorced peers.It’s yet another point in favor of what’s fast becoming a new version of the American dream: Living in a high-earning household without kids. Many of…

[ad_1] 2025-08-03T00:24:32Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp 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. Elon Musk posted on X that Grok Imagine, his new AI-powered text-to-video generator, “is AI Vine.” Vine was a beloved short-form video service purchased by Twitter in 2012 and discontinued in 2017. Musk now says he’s working to restore Vine’s video archive. You might soon have a new…

[ad_1] CEOs are done mincing words.AT&T CEO John Stankey didn’t hold back in a Friday message to managers at the 140,000-person company: “Commit to adjusting your own behaviors.”Stankey’s message comes about seven months after the company issued a strict return-to-office mandate and amid what the CEO described as a longer-term cultural shift underway.The 2,500-word memo is a rare and detailed window into a CEO’s thinking during a period of transition. It offers valuable insight for workers beyond just AT&T employees and reveals how a large, legacy company is working to adapt and innovate.Business Insider published the full 2,500-word memo here.Here…

[ad_1] Apple CEO Tim Cook held an hourlong all-hands meeting in which he told employees that the company needs to win in AI, according to Bloomberg’s Mark Gurman. The meeting came after an earnings call in which Cook told investors and analysts that Apple would “significantly” increase its AI investments. It seems he had a similar message for Apple employees, reportedly telling them, “Apple must do this. Apple will do this. This is sort of ours to grab.” Despite launching a variety of AI-powered features in the past year under the Apple Intelligence umbrella, the company’s promised upgrades to its…

[ad_1] Anthropic has revoked OpenAI’s access to its Claude family of AI models, according to a report in Wired. Sources told Wired that OpenAI was connecting Claude to internal tools that allowed the company to compare Claude’s performance to its own models in categories like coding, writing, and safety. TechCrunch has reached out to Anthropic and OpenAI for comment. In a statement to Wired, an Anthropic spokesperson said, “OpenAI’s own technical staff were also using our coding tools ahead of the launch of GPT-5,” which is apparently “a direct violation of our terms of service.” (Anthropic’s commercial terms forbid companies…

[ad_1] Money alone didn’t grant access to the upper echelons of Black society. In addition to having “character” and “respectability,” the Black elite emphasized both education and hard work as core values, according to Peterson.”Since Blacks came to this country, education has always been number one,” Peterson told Business Insider. “There is a belief that if you had ambition, you could do anything you wanted. And ambition started with education.”On February 25, 1837, Quaker philanthropist Richard Humphreys founded the first HBCU in the country, the African Institute — now Cheyney University — in Pennsylvania. The majority of HBCUs originated from…

[ad_1] Warren Buffett’s Berkshire Hathaway posted a 4% drop in operating earnings to $11.2 billion in its first quarterly earnings report since the legendary investor revealed he plans to step down as CEO.Berkshire also sold a net $3 billion of stocks last quarter, purchasing $3.9 billion of shares but selling $6.9 billion worth. The disposals marked the 11th quarter in a row that the company has been a net seller of stocks.Second-quarter earnings fell from the same period a year ago as slimmer insurance underwriting profits offset higher income from BNSF Railway, Berkshire Hathaway Energy, and the manufacturing, service, and…

[ad_1] Roughly seven months after AT&T called workers back to the office five days a week, CEO John Stankey has a message for employees: Get on board or get out.In a lengthy Friday memo addressed to “all AT&T managers” that was obtained by Business Insider, Stankey shared his thoughts on the results of the company’s employee engagement survey.The AT&T CEO said he is “not surprised” by the declining self-reported employee engagement level and touched on some changes the company is going through.The note was, in part, to help workers identify where their “professional expectations” may be “misaligned with the strategic…

[ad_1] Stocks that saw gains in recent days could be at risk of sliding, according to one popular technical indicator. Major U.S. indexes tumbled Friday on fears that the economy could be headed toward a slowdown, after July’s jobs data came out far weaker than expected and President Donald Trump rolled out modified tariff rates . This week, the S & P 500 lost about 2.4%, while the tech-heavy Nasdaq Composite tumbled 2.2%. The Dow Jones Industrial Average shed 2.9%. After this week’s rocky performance, CNBC Pro used its Stock Screener tool to identify the market’s most overbought and oversold…