Latest stories, analysis, and insights from the world of business.
McKinsey research on 200 family business successions across 50 countries reveals that the outgoing CEO—not the heir—is the primary factor in succession failures, with companies underperforming on revenues and returns for five years after leadership transitions.
Crude oil prices fell 7% as the U.S. and Iran showed signs of progress toward an agreement to end their three-month war and reopen the Strait of Hormuz, with Brent futures closing at $96.14 per barrel and West Texas Intermediate shedding over 6% to $90.30.
The European Union is reportedly planning to fine Google a substantial triple-digit million euro amount as part of an ongoing antitrust investigation over concerns that the search giant unfairly favors its own services in search results.
Memorial Day sales on tested gear including smart bird feeders, fitness trackers, ergonomic chairs, and outdoor equipment are now live through May 26, with significant discounts on top-rated products.
WIRED's deals editor curates the best Memorial Day discounts on tested gadgets and gear, including smart bird feeders, robot lawn mowers, office chairs, and kitchen essentials available through May 26.
Memorial Day weekend brings steep discounts across tech and outdoor gear, from 4K OLED TVs and noise-canceling earbuds to portable speakers, robovacs, and camping equipment from top retailers like Amazon, Best Buy, and REI.
Lucra Sports founder Dylan Robbins shares how he secured a $20 million Series B led by ARK Invest despite the VC world's obsession with AI, using unconventional networking and strategic pitch adjustments.
Eli Lilly reported that its acquired gene-editing therapy VERV-102 reduced cholesterol levels by 62% in a Phase 1 clinical trial with no serious adverse events, marking an encouraging early test for a one-time treatment to prevent heart disease.
SoftBank Group Corp. shares climbed to a record high on Monday, driven by investor optimism surrounding potential initial public offerings of the Japanese conglomerate's major holdings in OpenAI and SB Energy Corp, which could generate substantial returns on its investments.
Stone Creek Ranch in Delray Beach, Florida has become an exclusive enclave for ultra-wealthy residents like Mark Wahlberg and Rockstar Energy founder Russell Weiner, attracting billionaires with its promise of privacy through armed security and large isolated estates rather than traditional luxury amenities.
Hippo Insurance's CEO shares insights on adopting a growth mindset and the strategic lessons learned during the company's business turnaround.
Hippo's CEO Richard McCathron explains how a major corporate turnaround taught him that sustainable growth requires discipline and resilience over Silicon Valley's growth-at-all-costs philosophy, especially in industries like insurance where fundamentals matter more than scale.
An Austin Italian restaurant is responding to inflation and declining dining out by offering customers a weekly "pay-what-you-will" promotion, allowing diners to choose their own prices for food as Americans increasingly opt to stay home due to rising costs.
Baby Boomers' reluctance to retire or downsize homes is creating generational bottlenecks in labor markets, housing supply, and institutional leadership that threaten economic opportunity for younger generations. As Boomers age out, their absence from the labor market will trigger worker shortages while their control of family-sized homes exacerbates millennial housing affordability crises.
SpaceX is preparing to list its shares on Nasdaq in what is expected to be the largest IPO in history, potentially making Elon Musk the world's first trillionaire and marking a defining moment for the private space industry.
Global oil markets are nearing minimum operating levels in Asia due to the Iran war, with Europe facing similar strains within weeks and the U.S. potentially experiencing shortages by July, warns Carlyle's chief strategy officer Jeff Currie.
Singapore's economy grew 6 percent year-on-year in the first quarter, surpassing forecasts as robust AI chip demand outweighs the economic fallout from the US-Israel war on Iran and Middle East shipping disruptions.
Save up to 30% on Canon cameras, printers, and accessories with current promo codes and professional membership discounts available in May 2026.
Oil markets are nearing minimum operating levels in Asia with Europe and the U.S. potentially facing shortages by July, as the Iran war disrupts global energy supplies and strains inventory levels worldwide.
La Caisse's infrastructure arm, Plenary Americas LP, has agreed to acquire Canadian database company ISC and take it private for $872 million, with the deal expected to close in Q3.