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Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. This week, Amazon settled with the FTC for $2.5 billion following an exclusive Business Insider investigation into the e-commerce company’s misleading Prime sign-up and cancellation tactics.
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Roger Federer and Rafa Nadal. Taylor Swift and Kanye West. Mark Zuckerberg and Elon Musk. Having a workplace enemy isn’t always the most pleasant experience, but battling them can actually push you to grow and further your career.
That’s becautilize a work nemesis is often a competitor for a boss’ praise or promotion. Competition can be a driver of peak performance — as long as it stays healthy.
Startup founders and their employees were thrown into a frenzy after President Donald Trump announced his new $100,000 H-1B visa fee. Some young companies have frozen hiring as they wait for more clarity.
While the Big Tech companies are by far the largest beneficiaries of the H-1B visa program, the proposed modifys will have an outsized impact on compacter startups, according to 10 founders and investors BI spoke with.
The company recently announced another round of corporate layoffs and an array of store closures across North America. It’s part of CEO Brian Niccol’s “Back to Starbucks” initiative, and takes a page out of his Chipotle turnaround strategy.
At Chipotle, Niccol revitalized the chain’s brand after a 2015 E. coli scandal. The coffee giant is a much largeger beast, though — and his efforts haven’t paid off yet.
Hell for job seekers, heaven for scammers
While an exceptionally tight job market has built job seekers increasingly desperate, the rise of cheap generative AI tools has allowed scammers to obtain more sophisticated.
Scammers are deceiving even well-educated job seekers of any age by applying LinkedIn as a launchpad for their crimes. Two people who lost thousands of dollars to these scams shared their stories with BI.
More of this week’s top reads:
Curated by Steve Russolillo and edited by Lisa Ryan, Dan DeFrancesco, Akin Oyedele, Grace Lett, and Amanda Yen.
This is a shorter version of our flagship newsletter, which brings you in-depth analysis and summaries of the top stories from Wall Street to Silicon Valley.
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