Saks Fifth Avenue's Chicago location is among the 20 locations that the company is shutting down.Courtesy of Saks GlobalSaks Global is closing more stores, including locations of its flagship brand and Neiman Marcus.In January, Saks filed for bankruptcy after failing to pay vendors for over a year.The company says it is now focusing on the …
Nintendo sued the Trump administration for a tariff refund.Riccardo Milani / Hans Lucas / AFP via Getty ImagesCompanies are seeking refunds from Trump's International Emergency Economic Powers Act tariffs.The Supreme Court ruled on February 20 that Trump's tariffs are illegal.These corporations filed lawsuits against the Trump administration to get refunds.Top global companies want their money …
Many airlines have been flying over the Caucasus since the strikes on Iran.Flightradar24More airplanes have been re-routing through the Caucasus since Saturday's strikes on Iran.Azerbaijan closed part of its airspace after an airport was hit by a drone on Thursday.It's the latest country to be dragged into the conflict.A narrow flight corridor that's become vital …
Netflix co-CEO Ted Sarandos has spent years people should be able to see big movies at home, without going to theaters. Now he's changing his tune.Rich Polk/2026GG/Penske Media via Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Paramount is setting the stage.David Ellison has …
Jack DorseyRolf Vennenbernd/picture alliance via Getty ImagesNaoko Takeda wrote on LinkedIn that Block offered her a pay bump and retention bonus after its recent layoffs.Takeda said she quit instead. "That's not an honor. It feels shameful and dehumanizing," she wrote.Business Insider viewed messages in which two employees said their retention bonuses were $60,000 and $80,000.Survived …
Demarre Johnson shared some behind-the-scenes shots of the photo shoot's inspiration. Demarre JohnsonAn article profiling four young finance bros in designer clothes has gone viral.One of them told Business Insider that he expected a big reaction because "controversy sells."Meme accounts have mocked the piece, which violates Wall Street's unspoken rule against flashiness.Demarre Johnson usually keeps …
Target's newest location in North Carolina is the first of 30 openings planned for this year.TargetTarget will open its 2,000th store in March in a suburb of Raleigh, North Carolina.The 148,000 square-foot location is the first of 30 openings planned for this year.The company is doubling down on physical retail as it looks to reverse …
Blackstone CEO Steve SchwarzmanJim Watson/AFP/Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.The credit might be private, but the problems are becoming pretty public.A once-wonky corner of Wall Street that's exploded in recent years is facing increased scrutiny.But what even is private credit? Why …
Morgan Stanley is implementing a round of layoffs that will affect 3% of its workforce, Business Insider has confirmed.J2R/Getty ImagesMorgan Stanley is reducing 3% of its global workforce, Business Insider has confirmed.The firm is reducing roles in all three corporate business lines.Key drivers of the cut include performance reviews, location, and business priorities.Morgan Stanley is …
SwitzerlandNaomi TsvirkoRaising kids across 3 countries — the US, Australia, Switzerland — changed how I approach parenting.It opened my eyes to how different cultures empower children to reach their full potential.My kids learned early independence in Switzerland and the power of preparation in Australia.Parenting my children across Australia, Switzerland, and the US showed me how …
